Download as pdf or txt
Download as pdf or txt
You are on page 1of 14

&ODVLILFDFLyQGH5HOHYDGRUHV

‡ /RV5HOHYDGRUHVSXHGHQ&ODVLILFDUVHSRU
¾ )XQFLyQ PiVFRP~Q
¾ 6HxDOGH(QWUDGD
¾ &RQVWUXFFLRQ
‡ +D\WLSRVGHIXQFLRQHV
¾ 3URWHFFLyQ
¾ 5HJXODFLyQ
¾ 5HFLHUUH\VLQFURQL]DFLyQ
¾ 0RQLWRUHR
¾ $X[LOLDU

3URWHFFLRQGH6(3

3ULQFLSLRVGH$SOLFDFLyQ
‡ /D ILORVRILD JHQHUDO GH OD
DSOLFDFLyQ GH UHOHYDGRUHV
HV GLYLGLU HO VLVWHPD GH
SRWHQFLD HQ ]RQDV GH
SURWHFFLyQ

*HQHUDGRUHV± 7UDQVIRUPDGRUHV
 7UDQVIRUPDGRUHV
 %DUUDV
 /tQHDV
 (TXLSRV$X[LOLDUHV
 &DSDFLWRU 5HDFWRU

3URWHFFLRQGH6(3


3URWHFFLyQ3ULPDULD\5HVSDOGR
‡ 3URWHFFLyQ 3ULPDULD 'HEH RSHUDU FDGD YH] TXH
XQ HOHPHQWR GHWHFWD XQD IDOOD HQ HO VLVWHPD (O
HOHPHQWR SXHGH FXEULU XQR R PDV FRPSRQHQWHV
GHOVLVWHPD
‡ 3URWHFFLyQ GH UHVSDOGR (VLQVWDODGR SDUD RSHUDU
FXDQGR SRU DOJXQD UD]RQ OD SURWHFFLyQ SULPDULD
QR RSHUD 3DUD DOFDQ]DU HVWD FRQGLFLyQ HO
HOHPHQWRGHSURWHFFLyQSXHGHRQRVHUVLPLODUD
ODSURWHFFLyQSULPDULD'HEHSHUPLWLUDOHOHPHQWR
SULPDULRRSHUDUSULPHUR

3URWHFFLRQGH6(3

3URWHFFLyQ5HVSDOGR
‡ 5HVSDOGR/RFDO(VORFDOL]DGDHQOD]RQDGRQGHRFXUUHOD
IDOOD \ SXHGH GLVSDUDU HO LQWHUUXSWRU SULPDULR R ORV
LQWHUUXSWRUHV GH ]RQD DG\DFHQWHV HMHPSOR GH SURWHFFLyQ
GHUHVSDOGRORFDOHVHOHVTXHPDGHSURWHFFLRQGHIDOORGH
LQWHUUXSWRU

‡ 5HVSDOGR 5HPRWR (V ORFDOL]DGD HQ ]RQD DG\DFHQWHV \


JHQHUDOPHQWH VROR GLVSDUD LQWHUUXSWRUHV HQ VX ]RQD GH
RSHUDFLyQ XQ HMHPSOR VRQ ODV SURWHFFLRQHV GH GLVWDQFLD
GHOLQHDVHQORVH[WUHPRVGHVXEHVWDFLRQHVDG\DFHQWHV

3URWHFFLRQGH6(3


3URWHFFLyQ'LUHFFLRQDO
‡ 8QD FDUDFWHULVWLFD LPSRUWDQWH GH DOJXQRV
UHOHYDGRUHV HV OD FDSDFLGDG GH GHWHUPLQDU OD
GLUHFFLyQGHOIOXMRGH3RWHQFLDGHIRUPDWDOTXH
VHEORTXHDSDUDIOXMRVHQODGLUHFFLyQRSXHVWDGHO
DMXVWHGHOUHOHYDGRU
‡ (VWRV UHOHYDGRUHV VRQ LPSRUWDQWHV SDUD OD
SURWHFFLRQGHUHGHVPDOODGDVRGRQGHKD\YDULDV
IXHQWHVGHJHQHUDFLRQ
‡ 8VXDOPHQWH OD GLUHFFLRQ GHO IOXMR HV LQGLFD SRU
XQDIOHFKD

3URWHFFLRQGH6(3

(MHPSOR2SHUDFLyQGHOD3URWHFFLRQHV

&DVR ,QWHUUXSWRUHV ,QWHUUXSWRUHV 'LVSDUR3RU 'LVSDUR3RU


TXH TXH2SHUDQ 3URWHFFLRQ 3URWHFFLRQ
RSHUDQ 0DO 3ULPDULD UHVSDOGR

) 
) 
) 
) 

3URWHFFLRQGH6(3


(MHPSOR2SHUDFLyQGHOD3URWHFFLRQHV

3URWHFFLRQGH6(3

&yGLJR$16,
$16, 'HVFULSFLRQ
 5HOHGH'LVWDQFLD
 5HOH9ROWV+]
 5HOHYHULILFDGRUGH6LQFURQLVPR
 %DMR9ROWDMH
 'LUHFFLRQDOGH3RWHQFLD


3HUGLGDGH&DPSR
3HULOOD6HOHFWRUD ‡ (O OLVWDGR FRPSOHWR
 6HFXHQFLD1HJDWLYD


7HUPLFR
6REUH&RUULHQWH,QVWDQWDQHR
SXHGH VHU HQFRQWUDGR


6REUH&RUULHQWH7HPSRUL]DGR
&RQWDFWRV$X[LOLDUHV&%
HQ OD QRUPD ,(((


6REUH9ROWDMH
%DODQFHGH9ROWDMH &
 'LUHFFLRQDOGH&RUULHQWH
 )XHUDGH3DVR
 5HOHGH5HFLHUUH
 5HOHGH)UHFXHQFLD
 5HOHGHEORTXHR
 5HOH'LIHUHQFLDO
 5HOHGH'LVSDUR

3URWHFFLRQGH6(3


(VTXHPDWLFR

3URWHFFLRQGH6(3

9$/25(6(138

3URWHFFLRQGH6(3


9DORUSRU8QLGDG 38
‡ (OYDORUSRUXQLGDGGHDOJXQDFDQWLGDGHVOD
UHODFLyQ GH OD FDQWLGDG DFWXDO SRU VX YDORU
EDVH

&DQWLGDG $FWXDO
&DQWLGDG 38
9DORU %DVH GH OD &DQWLGDG

3URWHFFLRQGH6(3

9DORUHQ3RUFHQWDMH 
‡ /D FDQWLGDG HQ SRUFHQWDMH HV LJXDO D OD
FDQWLGDGHQ38YHFHV

&DQWLGDG  &DQWLGDG 38 ; 

3URWHFFLRQGH6(3


9HQWDMDVGH38 
‡ (VPHMRUSDUDUHSUHVHQWDUUHVXOWDGRVGHGDWRVGHFLUFXLWRVTXH
SXHGHQVHUFRPSDUDGRVGLUHFWDPHQWH
‡ /DLPSHGDQFLDHTXLYDOHQWHHQSXGHXQWUDQVIRUPDGRUHVODPLVPD
FXDQGRODUHIHULPRVDFXDOTXLHUDGHVXVODGRVSULPDULRRVHFXQGDULR
‡ /DLPSHGDQFLDHTXLYDOHQWHGHXQWUDQVIURPDGRUHQXQVLVWHPD
WULIDVLFRHVODPLVPDLQGHSHQGLHQWHGHOWLSRGHFRQH[LyQGHVXV
GHYDQDGRV 8  ' '  8  8  8  '  '
‡ (OPpWRGRSRUXQLGDGHVLQGHSHQGLHQWHGHORVFDPELRVGHYROWDMH\
iQJXORVGHIDVHDWUDYpVGHOWUDQVIRUPDGRUVLORVYROWDMHVHQORV
GHYDQDGRVVRQSURSRUFLRQDOHVDOQ~PHURGHYXHOWDVHQHOGHYDQDGR
‡ 8VXDOPHQWHHOIDEULFDQWHHVSHFLILFDODLPSHGDQFLDGHOHTXLSRHQSXR
HQODEDVHGHVXFDSDFLGDGQRPLQDOGHSODFD

3URWHFFLRQGH6(3

&RQWLQXDFLyQ
‡ 9DORUHVWtSLFRVSDUDYDULRVWLSRVGHHTXLSRVHVWDQGLVSRQLEOHVHQ
DOJXQRVOLEURVRIXHQWHVGHUHIHUHQFLD
‡ +D\PHQRUSUREDELOLGDGGHFRQIXQGLUVHHQWUHORVYDORUHVGHSRWHQFLD
PRQRIDVLFD\WULIDVLFDRHQWUHYROWDMHVGHOtQHDDOtQHD\OtQHD DWLHUUD
‡ (OPpWRGRHQSXHV~WLOSDUDVLPXODUHOFRPSRUWDPLHQWRGHOVLVWHPD
HQHVWDGRHVWDEOHRWUDQVLWRULRSRUFRPSXWDGRU
‡ (OYROWDMHIXHQWHHVDVXPLGRXVXDOPHQWHFRPRSXSDUDFiOFXORV
GHIDOOD
‡ (OSURGXFWRGHGRVFDQWLGDGHVHQSXHVH[SUHVDGDHQSX(QFDPELR
HOSURGXFWRGHGRVFDQWLGDGHVHQWLHQHTXHVHUGLYLGRHQWUH
SDUDVHUH[SUHVDGRHQ

3URWHFFLRQGH6(3


&DQWLGDGHV%DVHV
‡ /DVFDQWLGDGHVEDVHVVRQHVFDODUHVGHPDQHUDTXHODQRWDFLyQGH
IDVRUHVQRVHUHTXLHUHQSDUDODVHFXDFLRQHVEDVHV
‡ (OPLVPRYDORUEDVHHQ09$HVXWLOL]DGRHQWRGRHOVLVWHPD
1RUPDOPHQWHVHXWLOL]DXQYDORUEDVHGH09$
‡ 6HVHOHFFLRQDGDXQYDORUGHYROWDMHEDVHDUELWUDULR\WRGRVORV RWURV
YROWDMHVGHEHQHVWDUUHODFLRQDGRVDOYROWDMHEDVHDWUDYpVGHOD UHODFLyQ
GHYXHOWDVGHODFRQH[LyQGHORVWUDQVIRUPDGRUHV

3URWHFFLRQGH6(3

5HODFLRQHV*HQHUDOHV
‡ 3DUDFXDOTXLHUDGHORVGRVWLSRVGHFRQH[LRQHV 'HOWD(VWUHOOD WHQHPRV

6 I
6 I  9// , / ,/
 9//

, / ‘q
9 //  9 /1 ‘  q ,'


3URWHFFLRQGH6(3


&RQH[LyQ(VWUHOOD
‡ ,PSHGDQFLD&RQHFWDGDHQ(VWUHOOD

9 /1 9// ‘  q  9//


=< [
,/  6 I

9 // ‘  q
6 I

3URWHFFLRQGH6(3

&RQH[LyQ'HOWD
‡ ,PSHGDQFLD&RQHFWDGDHQ'HOWD
,/
9 //  9 // ‘   q D
='
,' ,/
=' ='
9//
,'
 9//
 9//‘  q [
6I
E ='

9 ‘  q

//

6 I F

9// 6I ‘  q


,'
=' 9//

3URWHFFLRQGH6(3


&DQWLGDGHV%DVHV
‡ 8WLOL]DUHPRVQRWDFLRQ.9$R09$HQOXJDUGH6\.9HQOXJDU
GH9
‡ 3RWHQFLD%DVHHVGDGDSRU N9$%  N9% , %

N9$ %
‡ &RUULHQWH%DVHHVGDGDSRU ,% $PSHULRV
 N9 %

N9 % [ 
‡ ,PSHGDQFLD%DVHHVGDGDSRU =%
N9$ %

‡ 'HVGHTXHN9$ [09$ N9 %
=% RKPV
09$%

3URWHFFLRQGH6(3

,PSHGDQFLDHQ38
‡ /DLPSHGDQFLDHQSXHVGDGDSRU

=: 09$% = :
= SX
=% N9%

‡ /DLPSHGDQFLDHQ3RUFHQWDMHHVGDGDSRU

 09$ % = :
q
q =  [ = SX
N9 %

3URWHFFLRQGH6(3


&DPELRGH%DVH
‡ 1RUPDOPHQWHODLPSHGDQFLDHQSX =: 09$ = :
GH ORV HTXLSRV VH HVSHFLILFD HQ OD =  SX
= % N9
EDVH GHO HTXLSR VLHQGR
JHQHUDOPHQWH GLIHUHQWH GH OD EDVH
GHO VLVWHPD (VWR KDFH QHFHVDULR =: 09$ = :
=  SX
FRQYHUWLU WRGRV ORV YDORUHV D XQD = % N9
EDVHFRP~QVHOHFFLRQDGD
‡ (VWD FRQYHUVLyQ VH GHULYD GH =  SX 09$  N9
H[SUHVDU OD PLVPD LPSHGDQFLD HQ 
[
RKPV VREUH GRV EDVHV HQ SX =  SX N9  09$
GLIHUHQWHV

§ 09$  · § N9  ·
=  SX =  SX ¨¨ ¸¸ [ ¨¨ ¸¸
© 09$  ¹ © N9  ¹

3URWHFFLRQGH6(3

7DEOD9DORUHV%DVH

3URWHFFLRQGH6(3


9 %3RU1LYHO9ROWDMHV

3URWHFFLRQGH6(3

(MHPSORGH$SOLFDFLRQ

3URWHFFLRQGH6(3


(MHPSORGH$SOLFDFLRQ

3URWHFFLRQGH6(3

(MHPSORGH$SOLFDFLRQ

(MHPSOR  3UHSDUH XQ HVTXHPiWLFR XQLILODU GHO VLVWHPD PRVWUDQGR WRGDV ODV
LPSHGDQFLDVHQSXHQXQDEDVHGH09$.9HQODOtQHDGHWUDQVPLVLyQ

3URWHFFLRQGH6(3


(MHPSORGH$SOLFDFLRQ

3URWHFFLRQGH6(3

)$625(6<32/$5,'$'

3URWHFFLRQGH6(3



You might also like