7,75$7,217+(25<
(QG SRLQW
7KHSRLQWZKHUHDWLWUDWLRQLVVWRSSHGEHFDXVHDSK\VLFDOFKDQJHLQWKHVROXWLRQKDV
LQGLFDWHGDFRPSOHWHGWLWUDWLRQ7LWUDWLRQHQGSRLQWVW\SLFDOO\FRLQFLGHZLWKWKHHTXLYDOHQFH
SRLQW$IL[HGYDOXHHQGSRLQWS+RUP9FDQEHXVHGDVZHOO7KHWLWUDWLRQZLOOVWRS
DWWKHGHVLUHGSRLQWUHJDUGOHVVLIWKHWLWUDWLRQLVFRPSOHWH
(TXLYDOHQFH SRLQW
7KHSRLQW ZKHUH WKH TXDQWLW\ RI WLWUDQW LV VWRLFKLRPHWULFDOO\ HTXDO WR WKH TXDQWLW\ RI
DQDO\WH
)RUPDO
7KHWKHRUHWLFDOQXPEHURIHTXLYDOHQWVSHUOLWHURIWKHVROXWLRQ,WLVXVHGLQVROXWLRQV
ZKHUHWKHH[DFWFRQFHQWUDWLRQRIDVSHFLHVPD\EHDIIHFWHGE\WKHRWKHULRQVSUHVHQW
WKHUHIRUHWKHVWDWHGFRQFHQWUDWLRQE\QRWEHH[DFWO\FRUUHFW
*UDYLPHWULF $QDO\VLV
$TXDQWLWDWLYHGHWHUPLQDWLRQRIDQDQDO\WHEDVHGRQWKHPDVVRIWKHVROLG
,QGLFDWRU (OHFWURGH
$Q HOHFWURGH WKDW UHVSRQGV WR WKH VSHFLHV RI LQWHUHVW 7KH HOHFWURGH SRWHQWLDO LV
SURSRUWLRQDOWRWKHFRQFHQWUDWLRQRUDFWLYLW\RIWKDWLRQLQWKHVROXWLRQEHLQJPHDVXUHG
,QGLFDWRUV
&KHPLFDOLQGLFDWRUVDUHW\SLFDOO\RUJDQLFG\HVWKDWFKDQJHIRUPXQGHUGLIIHUHQWSK\VLFDOO\
FRQGLWLRQVFDXVLQJDFRORUFKDQJHWKDWFDQEHVHHQE\DQDQDO\VW7\SLFDOO\XVHGLQ
PDQXDOWLWUDWLRQV&KHPLFDOLQGLFDWRUVKDYHEHHQUHSODFHGZLWKHOHFWURPHWULFLQGLFDWRUV
ZKLFKDUHXVHGZLWKDXWRPDWLFWLWUDWRUV
,QIOHFWLRQ 3RLQW
7KHSRLQWRQDWLWUDWLRQFXUYHZHUHWKHVHFRQGGHULYDWLYHFXUYHFKDQJHVVLJQV
,RQ 6HOHFWLYH (OHFWURGH ,6(
$QHOHFWURGHWKDWUHVSRQGVWRDVSHFLILFLRQWKHHOHFWURGHSRWHQWLDOLVSURSRUWLRQDOWR
WKHFRQFHQWUDWLRQRUDFWLYLW\RIWKDWLRQLQWKHVROXWLRQEHLQJPHDVXUHG
.DUO )LVFKHU 7LWUDWLRQ
$WLWUDWLRQWKDWXVHVDFKHPLFDOUHDFWLRQWKDWLVVSHFLILFIRUGHWHUPLQLQJZDWHU
0DQXDO 7LWUDWLRQ
$WLWUDWLRQWKDWLVFDUULHGRXWE\KDQGWKHDQDO\VWPXVWDGGWKHDSSURSULDWHDPRXQWRI
WLWUDQWGHWHUPLQHWKHHQGSRLQWDQGFDOFXODWHWKHUHVXOWV
0RODU
7KHFRQFHQWUDWLRQRIDVROXWHLQDVROXWLRQ
0ROH PRO
$ TXDQWLW\ RI D FKHPLFDO VSHFLHV 7KH PROHFXODU ZHLJKW RI D VXEVWDQFH LQ JUDPV LV
HTXDOWRWKHPDVVRIRQHPROHRIWKHVXEVWDQFH2QHPROHLVHTXDOWR[
DWRPV RU PROHFXOHV
0RQRFKURPDWRU
$GHYLFHWKDWDOORZVRQO\DQDUURZUDQJHRIZDYHOHQJWKVWRSDVVWKRXJKLWE\VHSDUDWLQJ
WKHOLJKWLQWRGLIIHUHQWZDYHOHQJWKV
0XOWLSOH (QG 3RLQW 7LWUDWLRQ
$WLWUDWLRQWKDWUHDFWVPXOWLSOHVSHFLHVLQVROXWLRQVHTXHQWLDOO\XVLQJWKHVDPHWLWUDQW
7KHFRQFHQWUDWLRQRIHDFKDQDO\WHFDQEHGHWHUPLQHGIURPWKHLUUHVSHFWLYHHQGSRLQWV
1HUQVW (TXDWLRQ
7KHIXQGDPHQWDOHTXDWLRQUHODWLQJFHOOYROWDJHWRWKHFRQFHQWUDWLRQRIDVROXWLRQ