'(6&5,=,21('(/352'2772
3DQRUDPLFDGHOSDQQHOORGLFRQWUROOR
2
1 4
3
)XQ]LRQH 'HVFUL]LRQH
3ULPDYHORFLW¢ /DYHQWRODSDVVDDOSULPROLYHOORGLYHORFLW¢
6HFRQGDYHORFLW¢ /DYHQWRODSDVVDDOVHFRQGROLYHOORGLYHORFLW¢
7HU]DYHORFLW¢ /DYHQWRODSDVVDDOWHU]ROLYHOORGLYHORFLW¢
/DPSDGLQD $FFHQGHHVSHJQHOHOXFL
87,/,==24827,',$12
8VRGHOODFDSSD
&RQWUROODUHODYHORFLW¢FRQVLJOLDWDLQEDVHDOOD
VHJXHQWHWDEHOOD
'XUDQWHLOULVFDOGDPHQWRGHOFLERFXFLQDUHFRQSHQWROHFRSHUWH
0HQWUHVLFXRFHFRQSHQWROHFRSHUWHVXSL»]RQHGLFRWWXUDREUXFLDWRULIULJJHUHGHOLFDWDPHQWH
0HQWUHYHQJRQREROOLWHRIULWWHJUDQGLTXDQWLW¢GLFLERVHQ]DFRSHUFKLRFXRFHQGRVXSL»]RQHGL
FRWWXUDREUXFLDWRUL
6LFRQVLJOLDGLODVFLDUHODFDSSD
LQIXQ]LRQHSHUFLUFDPLQXWL
GRSRODFRWWXUD
3HUIDUIXQ]LRQDUHODFDSSD
(VWUDUUHLOFDVVHWWRGHOODFDSSDSHUSL»GL
FP
,OSDQQHOORGLFRQWUROORªHVSRVWR
3HUDWWLYDUHODIXQ]LRQHSUHPHUHLO
SXOVDQWH
6HQHFHVVDULRPRGLILFDUHODYHORFLW¢
SUHPHQGRLOWDVWRGHVLGHUDWR
,7$/,$12