&203529$17('(5(1',0(17263$*26

('(5(7(1d­2'(,032672'(5(1'$1$)217(

$QR&DOHQGiULR 

)217(3$*$'25$3(662$-85Ë',&$283(662$)Ë6,&$

5D]mR6RFLDO 81,0('5,2&223(5$7,9$'(75$%$/+20(',&2'25-/7'$
&13- 

3(662$)Ë6,&$%(1(),&,È5,$'265(1',0(1726

&3)  (5,.$$)2162'(2/,9(,5$

1DWXUH]DGR5HQGLPHQWR 5HQGLPHQWRWUDEDOKRDVVDODULDGR

5(1',0(172675,%87È9(,6'('8d®(6(,0326725(7,'21$)217((05($,6

7RWDOGRV5HQGLPHQWRV LQFOXVLYHIpULDV  

&RQWULEXLomR3UHYLGHQFLiULD2ILFLDO 
&RQWULEXLomRDHQWLGDGHVGHSUHYLGrQFLDFRPSOHPHQWDUS~EOLFDRX
SULYDGDHDIXQGRVGHDSRVHQWDGRULDSURJUDPDGDLQGLYLGXDO )DSL
SUHHQFKHUWDPEpPRTXDGUR  
3HQVmR$OLPHQWtFLD LQIEHQHILFLiULRQRFDPSR  
,PSRVWRGH5HQGD5HWLGR 

5(1',0(1726,6(1726(1­275,%87È9(,6(05($,6

3DUFHOD,VHQWDGRV3URYHQWRVGH$SRVHQWDGRULD5HIRUPDH3HQVmR 
DQRVRXPDLV  
3DUFHODLVHQWDGRžVDOiULRGHDSRVHQWDGRULDUHVHUYDUHPXQHUDGD
UHIRUPDHSHQVmR DQRVRXPDLV  
'LiULDVH$MXGDGHFXVWR 
3HQVmR3URYHQWRVGH$SRVHQWDGRULDRX5HIRUPDSRU0ROpVWLD*UDYHH
$SRVHQWDGRULDRX5HIRUPDSRU$FLGHQWHHP6HUYLoR 
/XFURH'LYLGHQGR$SXUDGRDSDUWLUGHSDJRSRU3- /XFUR5HDO
3UHVXPLGRRX$UELWUDGR  
9DORUHV3DJRVDR7LWXODURX6yFLRGD0LFURHPSUHVDRX(PSUHVDGH
3HTXHQR3RUWHH[FHWR3UyODERUH$OXJXpLVRX6HUYLoRV3UHVWDGRV 
,QGHQL]Do}HV5HVFLVmR&RQWUDWR7UDEDOKR3'9$F7UDE 
-XURVGHPRUDUHFHELGRVGHYLGRVSHORDWUDVRQRSDJDPHQWRGH
UHPXQHUDomRSRUH[HUFtFLRGHHPSUHJRFDUJRRXIXQomR 
2XWURV 

5(1',0(172668-(,726¬75,%87$d­2(;&/86,9$ 5(1',0(172/Ë48,'2 (05($,6

ž GpFLPRWHUFHLUR VDOiULR 

,PSRVWRVREUHDUHQGDUHWLGRQDIRQWHVREUHž GpFLPRWHUFHLUR
VDOiULR 
2XWURV&DPSROLQKD 

5(1',0(17265(&(%,'26$&808/$'$0(17($57$'$/(,1GH 68-(,726¬75,%87$d­2(;&/86,9$

1~PHURGR3URFHVVR 4XDQWLGDGHGH0HVHV 

1DWXUH]DGR5HQGLPHQWR

7RWDOGRV5HQGLPHQWRVWULEXWiYHLV LQFOXVLYHIpULDVHGpFLPRWHUFHLUR
VDOiULR  
([FOXVmR'HVSHVDVFRPDDomRMXGLFLDO 
'HGXomR&RQWULEXLomR3UHYLGHQFLiULD2ILFLDO 
'HGXomR3HQVmR$OLPHQWtFLD 
,PSRVWR6REUHD5HQGD5HWLGRQD)RQWH 
5HQGLPHQWRV,VHQWRVGHSHQVmRSURYHQWRVGHDSRVHQWDGRULDRXUHIRUPD
SRUPROpVWLDJUDYHRXDSRVHQWDGRULDRXUHIRUPDSRUDFLGHQWHHP
VHUYLoR 

,1)250$d®(6&203/(0(17$5(6

0HQVDJHQV&RPSOHPHQWDUHV
  

,QIRUPDo}HV&RPSOHPHQWDUHV7RWDO 

5(63216È9(/3(/$6,1)250$d®(6
81,0('5,2&223(5$7,9$'(75$%$/+20(',&2'25-/7'$  
(035(6$ &13- '$7$
$SURYDGRSHOD,QVWUXomR1RUPDWLYD5)%QžGHGHGH]HPEURGH