% /3 www.philips.
6DGUçDM 9DçQR................................................................1 6LJXUQRVQH PHUH SUHGRVWURçQRVWL L RGUçDYDQMH 2SLV R]QDND XSR]RUHQMD 2 2GEDFLYDQMH SURL]YRQMD L PDWHUMDOD ]D SDNRYDQMH 3RGHåDYDQMH PRQLWRUD ..................................
9DçQR 9DçQR (OHNWURQVNR XSXWVWYR ]D NRULåĂHQMH MH QDPHQMHQR VYDNRP NR NRULVWL 3KLOLSV PRQLWRU 3DçOMLYR SURĈLWDMWH RYR XSXWVWYR SUH QHJR åWR SRĈQHWH GD NRULVWLH VYRM PRQLWRU 2QR VDGUçL YDçQH LQIRUPDFLMH L QDSRPHQH NRMH VH WLĈX UDGD VD YDåLP PRQLWRURP 3KLOLSV RYD JDUDQFLMD YDçL SRG XVORYRP GD VH SURL]YRG LVSUDYQR XSRWUHEOMDYD X VYUKH ]D NRMH MH QDPHQMHQ X VNODGX VD XSXWVWYLPD ]D UXNRYDQMH L X] SUH]HQWDFLMX RULJLQDOQH IDNWXUH LOL EODJDMQLĈNRJ UDĈXQD QD NRPH VH YLGL GDWXP NXSRYLQH QD]L
9DçQR 1H VWDYOMDMWH L QH NRULVWLWH PRQLWRU QD ORNDFLMDPD NRMH VX L]ORçHQH WRSORWL GLUHNWQRP VXQFX LOL YHOLNRM KODGQRĂL 'D EL ]DGUçDOL YUKXQVNH NDUDNWHULVWLNH VYRJ PRQLWRUD L GD EL RQ GXçH WUDMDR PROLPR 9DV GD NRULVWLWH PRQLWRU QD PHVWLPD NRMD VX X VOHGHĂHP UDVSRQX WRSORWH L YODçQRVWL YD]GXKD ʄ 7HPSHUDWXUD & ) ʄ 9ODçQRVW YD]GXKD 5+ =D LQIRUPDFLMH R WUDQVSRUWX PROLPR YDV SRJOHGDMWH WHKQLĈNH VSHFLÀNDFLMH 1HPRMWH GD RVWDYLWH VYRM PRQLWRU X NROLPD NDPLRQX JGH
9DçQR 5HF\FOLQJ ,QIRUPDWLRQ IRU &XVWRPHUV
3RGHåDYDQMH PRQLWRUD 2. 8EDFLWH X RVQRYX X SRGUXĈMX ]D 9(6$ PRQWLUDQMH 3. 'UçLWH SRVWROMH PRQLWRUD VD REH UXNH L ĈYUVWR XEDFLWH SRVWROMH RVQRYH X VWXE RVQRYH 3RGHåDYDQMH PRQLWRUD ,QVWDODFLMD 6DGUçDM SDNHWD Register your product and get support at www.philips.com/welcome 241B4LP Quick lijke ip Phil pr in te d l .A .V ,N ics in C n tro hin a.
3RGHåDYDQMH PRQLWRUD 3ULNOMXĈLYDQMH QD 3& 5DG VD PRQLWRURP 3 9 .HQVLQJWRQ EUDYD SURWLY NUDČH 9*$ XOD] '9, ' XOD] 'LVSOD\ SRUW % /3< $XGLR XOD] 3ULNOMXĈDN L]PHQLĈQH VWUXMH 3UHNLGDĈ ]D QXOWR QDSDMDQMH 86% SURWRN QDGROH 86% SURWRN QDJRUH 7 2. 3. 4. 5. 6. 7. 5 4 2 1 2SLV SUHGQMH VWUDQH PRQLWRUD =D XNOMXĈLYDQMH L LVNOMXĈLYDQMH PRQLWRUD 'D ELVWH SULVWXSLOL PHQLMX QD HNUDQX 3RYHçLWH VD NRPSMXWHURP 1.
3RGHåDYDQMH PRQLWRUD 2SLV PHQLMD QD HNUDQX 0HQL QD HNUDQX äWD MH SULND] QD HNUDQX 26' " 1D GRQMRM VNLFL SULND]DQD MH RSåWD VWUXNWXUD PHQLMD QD HNUDQX 0RçHWH MH NRULVWLWL NDR UHIHUHQFX NDGD XEXGXĂH EXGHWH çHOHOL GD QDČHWH VRSVWYHQL SXW ]D UD]QD SRGHåDYDQMD 2Q 6FUHHQ 'LVSOD\ 26' LOL GUXJDĈLMH (NUDQVNL PHQL XJUDČHQ MH X VYH 3KLOLSVRYH PRQLWRUH 2Q GRSXåWD GD NUDMQML NRULVQLN SULODJRGL SHUIRUPDQVH HNUDQD LOL RGDEHUH IXQNFLMH PRQLWRUD GLUHNWQR SUHNR SUR]RUD VD XSXWVWYLPD NRML VH SRMDYOMXMH
3RGHåDYDQMH PRQLWRUD 2EDYHåWHQMH R UH]ROXFLML 3RGHåDYDQMH YLVLQH 2YDM PRQLWRU GL]DMQLUDQ MH ]D RSWLPDODQ UDG QD VYRMRM RVQRYQRM UH]ROXFLML ò # +] .DGH VH PRQLWRU XNOMXĈL X GUXJDĈLMRM UH]ROXFLML SRMDYLĂH VH XSR]RUHQMH .
3RGHåDYDQMH PRQLWRUD ǛǿǾǿǽǭǺȌǯǭǺDz Ǻǭ ǻǾǺǻǯǭǿǭ 8NORQLWH SRVWROMH RVQRYH L RVQRYX 6WDQMH = D DSOLNDFLMH ]D 9(6$ VWDQGDUGQR PRQWLUDQMH 8NORQLWH SRVWROMH 3UH QHJR åWR SRĈQHWH GD UDVWDYOMDWH RVQRYX PRQLWRUD PROLPR YDV GD SUDWLWH LQVWUXNFLMH LVSRG GD ELVWH L]EHJOL RåWHĂHQMH LOL SRYUHGX 3URGXçLWH RVQRYX PRQLWRUD QD QMHJRYX PDNVLPDOQX YLVLQX 3RVWDYLWH OLFH PRQLWRUD QD JODWNX SRYUåLQX YRGHĂL UDĈXQD GD L]EHJQHWH JUHEDQMH LOL RåWHĂLYDQMH HNUDQD 3RVWDYLWH OLFH PRQLWRUD QD JO
3RGHåDYDQMH PRQLWRUD %HOHåND 2YDM PRQLWRU SULKYDWD PP [ PP 9(6$ VDJODVQL LQWHUIHMV ]D PRQWLUDQMH 100mm 100mm
2SWLPL]LFLMD VOLNH .DNR DNWLYLUDWL 6PDUW,PDJH" 2SWLPL]LFLMD VOLNH 6PDUW,PDJH äWD MH WR" 6PDUW,PDJH QXGL XQDSUHG REDYOMHQD SRGHåDYDQMD NRMD RSWLPL]LUDMX HNUDQ ]D UD]QH YUVWH VDGUçDMD GLQDPLFQR SRGHåDYDMXFL VYHWORVW NRQWUDVW ERMX L RåWULQX X VWYDUQRP YUHPHQX %LOR GD UDGLWH VD WHVWXDOQLP DSOLNDFLMDPD SULND]XMHWH VOLNH LOL JOHGDWH YLGHR 3KLOLSV 6PDUW,PDJH LVSRUXĈXMH RSWLPL]RYDQ UDG PRQLWRUD 1. 3ULWLVQLWH =DåWR PL MH WR SRWUHEQR" WUDçL 6PDUW,PDJH QD HNUDQX 2.
3. Optimizicija slike 3RVWRML åHVW UHçLPD NRMH WUHED RGDEUDWL 2IÀFR .DQFHODULMD 3KRWR VOLND 0RYLH ÀOP *DPH LJUD (FRQRP\ åWHGQMD L 2II LVNOMXĈHQR 2II ,VNOMXFHQR 1HPD RSWLPL]DFLMH SRPRFX 6PDUW,PDJH D 6PDUW&RQWUDVW Šta je to? -HGLQVWYHQD WHKQRORJLMD NRMD GLQDPLĈQR DQDOL]LUD SULND]DQL VDGUçDM L DXWRPDWVNL RSWLPL]LUD RGQRV NRQWUDVWD PRQLWRUD ]D PDNVLPDOQX YL]XHOQX MDVQRĂX L XçLYDQMH X JOHGDQMX SRMDFDYDMXFL SR]DGLQVNR RVYHWOMHQMH ]D MDVQLMH RåWULMH L VYHWOLMH VOLNH LOL SRW
2SWLPL]LFLMD VOLNH 6PDUW6DWXUDWH 6PDUW6KDUSQHVV äWD MH WR" äWD MH WR" 6PDUW WHKQRORJLMD NRMD NRQWUROLåH ]DVLĂHQMH ERMD 6PDUW WHKQRORJLMD NRMD SRMDFDYD RåWULQX NDGD 9DP VWHSHQ GR NRJD MH MHGQD RG ERMD HNUDQD SRPHåDQD MH SRWUHEQD ]D YUKXQVNH SHUIRUPDQVH SULND]D L YLåH VD VXVHGQLP ERMDPD UDGL SULND]LYDQMD ERJDWLK L ]DEDYH NDGD JOHGDWH YLGHR VQLPNH LOL IRWRJUDÀMH çLYRSLVQLK VOLND ]D YLåH ]DEDYH NDGD JOHGDWH YLGHR ]DSLVH =DåWR PL MH WR SRWUHEQR" æHOLWH YUKXQVNX RåWULQX ]D YLå
2SWLPL]LFLMD VOLNH ćDUREQMDN ]D SUYR SRNUHWDQMH 3UYL SXQ QDNRQ LQVWDOLUDQMD 6PDUW&RQWURO 3UHPLXP DXWRPDWVNL ĂH LĂL GR ĈDUREQMDND ]D SRNUHWDQMH SR SUYL SXW :L]DUG FH 9DV YRGLWL NUR] SRGHåDYDQMD SHUIRUPDQVL 9DåHJ PRQLWRUD NRUDN SR NRUDN 0RçHWH LFL L QD PHQL 3OXJ LQ GD VWDUWXMHWH ZL]DUG NDVQLMH 0RçHWH SRGHåDYDWL YLåH RSFLMD EH] ZL]DUG D SUHNR VWDQGDUGQRJ SUR]RUD 3KLOLSV 6PDUW&RQWURO 3UHPLXP 1RYL 3KLOOLSV RY 6PDUW&RQWURO 3UHPLXP VRIWYHU YDP RPRJXĂXMH GD XSUDYOMDWH VYRMLP PRQLWRURP
2SWLPL]LFLMD VOLNH 6WDUWXMWH VD VWDQGDUGQLP SUR]RURP $GMXVW PHQX 0HQL ]D SRGHåDYDQMH $GMXVW 0HQX 0HQL ]D SRGHåDYDQMH RPRJXFDYD 9DP GD SRGHVLWH %ULJKWQHVV VYHWORVW &RQWUDVW NRQWUDVW )RFXV IRNXV 3RVLWLRQ SRORçDM L 5HVROXWLRQ UH]ROXFLMX 0RçHWH VOHGLWL XSXWVWYD L REDYLWL SRGHåDYDQMH &DQFHO 2WNDçLWH SRUXNH XNROLNR çHOLWH GD RWNDçHWH LQVWDODFLMX
2SWLPL]LFLMD VOLNH 0HQL ERMH &RORU 0HQX 0HQL ERMH 9DP RPRJXFDYD GD SRGHVLWH 5*% %ODFN /HYHO QLYR FUQH :KLWH 3RLQW EHOX WDFNX &RORU &DOLEUDWLRQ NDOLEUDFLMX ERMH L 6PDUW,PDJH 3RJOHGDMWH RGHOMDN 6PDUW,PDJH ² 6PDUW VOLND 0RçHWH VOHGLWL XSXWVWYD L REDYLWL SRGHåDYDQMH 3RJOHGDMWH WDEHOX LVSRG ]D RVQRYX MHGLQLFH SRG PHQLMD QD 9DåHP XOD]X 3ULPHU ]D NDOLEUDFLMX &RORU ERMH 1. 6KRZ 0H 3RNDçL PL VWDUWXMH SULUXFQLN ]D NDOLEUDFLMX ERMH 2.
2SWLPL]LFLMD VOLNH 3UYL HNUDQ ]D NDOLEUDFLMX ERMH (&2 3UHYLRXV 3UHWKRGQL WDVWHU MH GHDNWLYLUDQ GR GUXJRJ HNUDQD ]D ERMX 6OHGHFH MH XVSHåDQ FLOM FLOMHYD )LQDOQR LGH SUR]RU )LOH ! 3UHVHWV )DMO XQDSUHG REDYOMHQD SRGHåDYDQMD &DQFHO 2WNDçL ]DWYDUD 8, L YUDFD QD VWUDQLFX SOXJ LQ 6PDUW,PDJH 2PRJXFDYD NRULVQLNX GD SURPHQL SRGHåDYDQMD ]D SRGHåDYDQMD EROMHJ SULND]D ]DVQRYDQRJ QD VDGUçDMX .
2SWLPL]LFLMD VOLNH 2SWLRQV ! 3UHIHUHQFHV 2SFLMH ! 3UHIHUHQFH ² %LFH DNWLYDQ VDPR L]ERURP 3UHIHUHQFHV 3UHIHUHQFL L] SDGDMXFHJ PHQLMD 2SWLRQV 2SFLMH 1D QHSRGUçDQRP HNUDQX VSRVREQRP ]D ''& &, VDPR VX SUR]RUL +HOS 3RPRF L 2SWLRQV 2SFLMH GRVWXSQL 'D ELVWH 7KHIW 'HWHUUHQFH RPRJXĂLOL VSUHĈDYDQMH NUDČH NOLNQLWH QD WDVWHU (QDEOH 7KHIW 'HWHUUHQFH 0RGH RPRJXĂL VSUHĈDYDQMH NUDČH NRML ĂH SRNUHQXWL VOHGHĂL HNUDQ .
2SWLPL]LFLMD VOLNH 2SWLRQV ! $XGLR 2SFLMH ! $XGLR ² %LFH DNWLYDQ VDPR NDGD VH L]DEHUH 9ROXPH -DFLQD L] SDGDMXFHJ PHQLMD 2SWLRQV 2SFLMH 1D QHSRGUçDQRP HNUDQX NRML MH VSRVREDQ ]D ''& &, VDPR VX SUR]RUL +HOS 3RPRF L 2SWLRQV 2SFLMH GRVWXSQL 5XQ DW 6WDUWXS .UHQL QD SRFHWNX MH FHNLUDQR 2Q SUHPD RVQRYQRP SRGHåDYDQMX .
2SWLPL]LFLMD VOLNH +HOS ! 8VHU 0DQXDO 3RPRF ! 3ULUXFQLN ]D NRULVQLNH ² %LFH DNWLYDQ VDPR NDGD VH L]DEHUH 8VHU 0DQXDO 3ULUXFQLN ]D NRULVQLNH L] SDGDMXFHJ PHQLMD +HOS 3RPRF 1D QHSRGUçDQRP HNUDQX VSRVREQRP ]D ''& &, VDPR VX SUR]RUL +HOS 3RPRF L 2SWLRQV 2SFLMH GRVWXSQL &RQWH[W 6HQVLWLYH PHQX 0HQL RVHWOMLY QD NRQWHNVW &RQWH[W 6HQVLWLYH PHQL MH DNWLYLUDQ SUHPD RVQRYQRP SRGHåDYDQMX 8NROLNR MH PHQL (QDEOH &RQWH[W $NWLYLUDM NRQWHNVW FHNLUDQ X SUR]RUX 2SWLRQV ! 3UHIHUHQFHV 2SFLMH ! 3UHI
2SWLPL]LFLMD VOLNH 7DVN 7UD\ PHQL DNWLYLUDQ 0HQL WUDNH VD ]DGDFLPD PRçH GD VH SULNDçH NOLNRP QD 6PDUW&RQWURO 3UHPLXP LNRQLFX VD WUDNH VD ]DGDFLPD /HYL NOLN FH SRNUHQXWL DSOLNDFLMX 7DVN WUD\ LPD SHW XOD]D +HOS 3RPRF ² 3ULVWXS IDMOX 8VHU 0DQXDO 3ULUXFQLN ]D NRULVQLNH 2WYRULWH IDMOD 8SXWVWYD ]D NRULåĂHQMH NRULVWHĂL SUR]RU SRGUD]XPHYDQRJ SUHWUDçLYDĈD 7HFKQLFDO 6XSSRUW 7HKQLFND SRGUåND ² SULND]XMH VWUDQLFX ]D WHKQLFNX SRGUåNX &KHFN IRU 8SGDWH 3URYHULWH DçXULUDQMH ² YRGL NRULVQLND
2SWLPL]LFLMD VOLNH 3UHYODĈHQMH L SXåWDQMH SUR]RUD 9RGLĈ ]D 6PDUW'HVNWRS .DGD VX SDUWLFLMH NRQÀJXULVDQH L NDGD MH L]DEUDQR SROMH ]D SRWYUGX $OLJQ WR SDUWLWLRQ 3RUDYQDM X] 6PDUW'HVNWRS VH QDOD]L X 6PDUW&RQWURO 3UHPLXP SDUWLFLMX SUR]RU VH PRçH SUHYXĂL X WDM GHR L ELĂH DXWRPDWVNL SRUDYQDW .
2SWLPL]LFLMD VOLNH ' HVNWRS 3DUWLWLRQ 3DUWLFLMD UDGQH SRYUåLQH ² 'HVNWRS 3DUWLWLRQ 3DUWLFLMD UDGQH SRYUåLQH SULND]XMH WUHQXWQR L]DEUDQX SDUWLFLMX L RPRJXĂDYD NRULVQLNX GD EU]R SUHČH X ELOR NRMX SDUWLFLMX NRMD MH SULND]DQD X SDGDMXĂHP PHQLMX 2SFLMH ]D QDVORYQX WUDNX 'HVNWRS SDUWLWLRQ 3DUWLFLML UDGQH SRYUåLQH VH PRçH SULVWXSLWL SUHNR QDVORYQH WUDNH DNWLYQRJ SUR]RUD 7R RPRJXĂDYD EU] L ODN QDĈLQ GD VH XSUDYOMD UDGQRP SRYUåLQRP NDR L VODQMHP ELOR NRJ SUR]RUD X ELOR NRMX SDUWLFLMX EH]
2SWLPL]LFLMD VOLNH /HYL NOLN PLåHP 'HVQL NOLN QD SDOHWX SRVORYD /HYLP WDVWHURP PLåD NOLNQLWH QD LNRQX 'HVNWRS 3DOHWD SRVORYD WDNRČH VDGUçL YHĂLQX RSFLMD NRMH 3DUWLWLRQ 3DUWLFLMD UDGQH SRYUåLQH GD ELVWH DNWLYDQ VX SRGUçDQH X QDVORYQRM WUDFL RVLP DXWRPDWVNRJ SUR]RU EU]R SRVODOL X ELOR NRMX SDUWLFLMX EH] VODQMD SUR]RUD X ELOR NRMX SDUWLFLMX SRWUHEH ]D SUHYODĈHQMHP L SXåWDQMHP .
2SWLPL]LFLMD VOLNH 'HÀQLFLMH 6PDUW'HVNWRS SDUWLFLMH 1D]LY &HOD UDGQD SRYUåLQD Opis 3ULPHQMXMH VYH SRVWDYNH QD FHOX UDGQX SRYUåLQX 9HUWLNDOQR 3URFHQMXMH UH]ROXFLMX HNUDQD L GHOL GLVSOHM QD GYD YHUWLNDOQD GHOD MHGQDNH YHOLĈLQH .RG RGUçDYD YHUWLNDOQX NRQÀJXUDFLMX +RUL]RQWDOQR 3URFHQMXMH UH]ROXFLMX HNUDQD L GHOL SULND] QD GYD KRUL]RQWDOQD GHOD MHGQDNH YHOLĈLQH .
2SWLPL]LFLMD VOLNH 1D]LY +RUL]RQWDOQR VD SRGHORP JRUH +RUL]RQWDOQR VD SRGHORP GROH 3RGMHGQDND SRGHOD Opis 3URFHQMXMH UH]ROXFLMX HNUDQD L GHOL SULND] QD GYD MHGQDND KRUL]RQWDOQD GHOD MHGDQ JRUQML GHR GRQML GHR MH SRGHOMHQ QD GYD GHOD MHGQDNH YHOLĈLQH .RG SDUWLFLMD QD GHVQRM VWUDQL YHUWLNDOQD SDUWLFLMD L QD OHYRM VWUDQL YHUWLNDOQR .
2SWLPL]LFLMD VOLNH 3RZHU6HQVRUTM SRMDĈDMWH MDĈLQX VLJQDOD NDGD QRVLWH FUQX LOL GUXJX WDPQX RGHĂX 0 RçHWH GD VH YUDWLWH QD SRGUD]XPHYDQL UHçLP X ELOR NRMH YUHPH SRGHåDYDQMH .DNR UDGL" 3 RZHU6HQVRU UDGL QD SULQFLSX SUHQRVD L SULMHPD EH]EHGQLK ´LQIUDFUYHQLKµ VLJQDOD NDNR EL VH GHWHNWRYDOR SULVXVWYR NRULVQLND .
7HKQLFNH VSHFLILNDFLMH 7HKQLFNH VSHFLÀNDFLMH 6OLND 3ULND] 7LS SDQHOD PRQLWRUD 3R]DGLQVNR VYHWOR 9HOLĈLQD SDQHOD 2SVHJ DVSHNWD 5D]GREOMH SLNVHOD 6YHWORVW 6PDUW&RQWUDVW 2SVHJ NRQWUDVWD WLSLĈDQ 9UHPH RGJRYRUD WLSLĈDQ 2SWLPDOQD UH]ROXFLMD 8JDR JOHGDQMD 3RYHĂDQMH VOLNH 3ULND] ERMD 9HUWLNDOQD IUHNYHQFLMD RVYHçDYDQMD +RUL]RQWDOQD IUHNYHQFLMD sRBG 3RYH]LYRVW 8OD] ]D VLJQDO % /3 8OD] ]D VLJQDO % /3< USB 8OD] ]D VLJQDO $XGLR XOD] L]OD] 8JRGQRVW 8JUDČHQL ]YXĈQLFL 3RJRGQRVWL ]D NRULVQLND -H]LFL
7HKQLFNH VSHFLILNDFLMH 6QDJD % /3 5HçLP MH XNOMXqHQ 5HçLP MH XNOMXĈHQ (.2 UHçLP WLSLĈQR 3RWURåQMD HQHUJLMH (QHUJ\6WDU SUREQL PHWRG 1RUPDODQ UDG WLSLĈQR 6SDYDQMH WLSLĈQR ,VNOMXFHQR 5DVLSDQMH WRSORWH 1RUPDODQ UDG 6SDYDQMH WLSLĈQR ,VNOMXFHQR 6QDJD % /3< 5HçLP MH XNOMXqHQ 5HçLP MH XNOMXĈHQ (.2 UHçLP WLSLĈQR 3RWURåQMD HQHUJLMH (QHUJ\6WDU SUREQL PHWRG 1RUPDODQ UDG WLSLĈQR 6SDYDQMH WLSLĈQR ,VNOMXFHQR 5DVLSDQMH WRSORWH 1RUPDODQ UDG 6SDYDQMH WLSLĈQR ,VNOMXFHQR : W
7HKQLFNH VSHFLILNDFLMH 6YHWOHĂD GLRGD ]D SRND]LYDQMH QDSDMDQMD 1DSDMDQMH 'LPHQ]LMD 3URL]YRG VD SRVWROMHP :[+[' 3URL]YRG EH] SRVWROMD :[+[' 'LPHQ]LMH NXWLMH :[+[' 7HçLQD 3URL]YRG VD SRVWROMHP 3URL]YRG EH] SRVWROMD 3URL]YRG VD SDNRYDQMHP 6WDQMH UDGD 'LMDSD]RQ WHPSHUDWXUH 5HODWLYQD YODçQRVW 9LVLQD 07%) 2NUXçHQMD 52+6 (3($7 (QHUJ\6WDU 3DNRYDQMH 6SHFLÀĈQH VXSVWDQFH 8VNODGHQRVW VD VWDQGDUGLPD 5HJXODWRUQD RGREUHQMD .XWLMD %RMD Završi 1D UHçLPX %HOR 6WDQGE\ 5HçLP VSDYDQMD %HOR WUHSFXFH 8JUDGHQR
7HKQLFNH VSHFLILNDFLMH 5H]ROXFLMD L XQDSUHG SRGHåHQL UHçLPL 0DNVLPDOQD UH]ROXFLMD =D % /3 % /3< [ QD +] DQDORJQL XOD] [ QD +] GLJLWDOQL XQRV 3UHSRUXĈHQD UH]ROXFLMD =D % /3 % /3< [ QD +] GLJLWDOQL XQRV + IUHNYHQFLMD N+] 5H]ROXFLMD [ [ [ [ [ [ [ [ [
8SUDYOMDQMH QDSDMDQMHP 6OHGHĂH SRGHåDYDQMH VH NRULVWL GD L]PHUL SRWURåQMX HQHUJLMH RYRJ PRQLWRUD 5. 8SUDYOMDQMH QDSDMDQMHP 1DWLYQD UH]ROXFLMD [ .
5HJXODWLYQH LQIRUPDFLMH 6. 5HJXODWLYQH LQIRUPDFLMH ( OHFWULF DQG PDJQHWLF ÀHOGV HPLVVLRQV DV ORZ DV QRUPDO KRXVHKROG EDFNJURXQG OHYHOV /RZ DFRXVWLF QRLVH HPLVVLRQV ZKHQ DSSOLFDEOH /HDG IUHH 3URGXFW 6RPH RI WKH (QYLURQPHQWDO IHDWXUHV RI WKH 7&2 &HUWLÀHG IRU GLVSOD\V /HDG IUHH GLVSOD\ SURPRWHV HQYLURQPHQWDOO\ VRXQG UHFRYHU\ DQG GLVSRVDO RI ZDVWH IURP HOHFWULFDO DQG HOHFWURQLF HTXLSPHQW 7R[LF VXEVWDQFHV OLNH /HDG KDV EHHQ HOLPLQDWHG DQG FRPSOLDQFH ZLWK (XURSHDQ FRPPXQLW\·V VWULQJHQW 5R
5HJXODWLYQH LQIRUPDFLMH (3($7 ZZZ HSHDW QHW ´7KH (3($7 (OHFWURQLF 3URGXFW (QYLURQPHQWDO $VVHVVPHQW 7RRO SURJUDP HYDOXDWHV FRPSXWHU GHVNWRSV ODSWRSV DQG PRQLWRUV EDVHG RQ HQYLURQPHQWDO FULWHULD GHYHORSHG WKURXJK DQ H[WHQVLYH VWDNHKROGHU FRQVHQVXV SURFHVV VXSSRUWHG E\ 86 (3$ (3($7 V\VWHP KHOSV SXUFKDVHUV LQ WKH SXEOLF DQG SULYDWH VHFWRUV HYDOXDWH FRPSDUH DQG VHOHFW GHVNWRS FRPSXWHUV QRWHERRNV DQG PRQLWRUV EDVHG RQ WKHLU HQYLURQPHQWDO DWWULEXWHV (3($7 DOVR SURYLGHV D FOHDU DQG FRQ
5HJXODWLYQH LQIRUPDFLMH )&& 'HFODUDWLRQ RI &RQIRUPLW\ )HGHUDO &RPPXQLFDWLRQV &RPPLVVLRQ )&& 1RWLFH 8 6 2QO\ 'HFODUDWLRQ RI &RQIRUPLW\ IRU 3URGXFWV 0DUNHG ZLWK )&& /RJR 7KLV HTXLSPHQW KDV EHHQ WHVWHG DQG IRXQG WR FRPSO\ ZLWK WKH OLPLWV IRU D &ODVV % GLJLWDO GHYLFH SXUVXDQW WR 3DUW RI WKH )&& 5XOHV 7KHVH OLPLWV DUH GHVLJQHG WR SURYLGH UHDVRQDEOH SURWHFWLRQ DJDLQVW KDUPIXO LQWHUIHUHQFH LQ D UHVLGHQWLDO LQVWDOODWLRQ 7KLV HTXLSPHQW JHQHUDWHV XVHV DQG FDQ UDGLDWH UDGLR IUHTXHQF\ HQHUJ\ DQG
5HJXODWLYQH LQIRUPDFLMH (1 &RPSOLDQFH &]HFK 5HSXEOLF 2QO\ &RPPLVVLRQ )HGHUDOH GH OD &RPPXQLFDWLRQ )&& 'HFODUDWLRQ &HW pTXLSHPHQW D pWp WHVWp HW GpFODUp FRQIRUPH DX[OLPLWHV GHV DSSDUHLOV QXPpULTXHV GH FODVV % DX[ WHUPHV GH O DUWLFOH 'HV UqJOHV GH OD )&& &HV OLPLWHV VRQW FRQoXHV GH IDoRQ j IRXULU XQH SURWHFWLRQ UDLVRQQDEOH FRQWUH OHV LQWHUIpUHQFHV QXLVLEOHV GDQV OH FDGUH G XQH LQVWDOODWLRQ UpVLGHQWLHOOH &(7 DSSDUHLO SURGXLW XWLOLVH HW SHXW pPHWWUH GHV K\SHUIUpTXH
5HJXODWLYQH LQIRUPDFLMH 1RUWK (XURSH 1RUGLF &RXQWULHV ,QIRUPDWLRQ 3ROLVK &HQWHU IRU 7HVWLQJ DQG &HUWLILFDWLRQ 1RWLFH 3ODFHULQJ 9HQWLODWLRQ 9$51,1* )g56b.5$ ',* 20 $77 +898'%5<7$5( 2&+ 877$* b5 /b7c7.20/,*$ 1b5 '8 67b//(5 ',1 8758671,1* 3c3/$76 7KH HTXLSPHQW VKRXOG GUDZ SRZHU IURP D VRFNHW ZLWK DQ DWWDFKHG SURWHFWLRQ FLUFXLW D WKUHH SURQJ VRFNHW $OO HTXLSPHQW WKDW ZRUNV WRJHWKHU FRPSXWHU PRQLWRU SULQWHU DQG VR RQ VKRXOG KDYH WKH VDPH SRZHU VXSSO\ VRXUFH 7KH SKDVLQJ FRQGXFWRU RI WK
5HJXODWLYQH LQIRUPDFLMH (UJRQRPLH +LQZHLV QXU 'HXWVFKODQG &KLQD 5R+6 'HU YRQ XQV JHOLHIHUWH )DUEPRQLWRU HQWVSULFKW GHQ LQ GHU 9HURUGQXQJ EHU GHQ 6FKXW] YRU 6FKlGHQ GXUFK 5|QWJHQVWUDKOHQ IHVWJHOHJWHQ 9RUVFKULIWHQ 7KH 3HRSOH V 5HSXEOLF RI &KLQD UHOHDVHG D UHJXODWLRQ FDOOHG 0DQDJHPHQW 0HWKRGV IRU &RQWUROOLQJ 3ROOXWLRQ E\ (OHFWURQLF ,QIRUPDWLRQ 3URGXFWV RU FRPPRQO\ UHIHUUHG WR DV &KLQD 5R+6 $OO SURGXFWV DUH SURGXFHG DQG VROG IRU &KLQD PDUNHW KDYH WR PHHW &KLQD 5R+6 UHTXHVW $XI GHU 5FNZDQG GHV *
%ULJD R PXåWHULMDPD *DUDQFLMD 3LNVOL L VXE SLNVOL 3LNVO LOL HOHPHQW VOLNH VDVWRML VH RG WUL VXE SLNVOD %ULJD R PXåWHULMDPD *DUDQFLMD SULPDUQH ERMH FUYHQH ]HOHQH L SODYH 9HOLNL EURM SLNVOD ]DMHGQR ĈLQL VOLNX .DGD VX VYL VXE SLNVOL MHGQRJ SLNVOD RVYHWOMHQL WUL RERMHQD VXE 7.1 3ROLWLND 3KLOLSV D QD SRGUXĈMX GHIHNWQLK SLNVOD SLNVOD ]DMHGQR L]JOHGDMX NDR MHGLQVWYHQL SLNVO EHOH QD SOMRVQDWLP PRQLWRULPD ERMH .
%ULJD R PXåWHULMDPD *DUDQFLMD 2åWHĂHQMD FUQH WDĈNH 2åWHĂHQMD FUQH WDĈNH VH SRMDYOMXMX NDGD VX SLNVHOL LOL SRGSLNVHOL XYHN LVNOMXĈHQL LOL WDPQL 7R MHVW WDPQD WDĈND MH SRG SLNVHO NRML MH SULND]DQ QD HNUDQX NDGD MH QD PRQLWRUX VYHWOL GLMDJUDP 2YR VX WLSRYL GHIHNDWD FUQH WDĈNH 'YD VXVHGQD RVYHWOMHQD VXE SLNVOD FUYHQL SODYL SXUSXUQL FUYHQL ]HOHQL çXWL ]HOHQL SODYL FLMDQ VYHWORSODYL 7UL VXVHGQD RVYHWOMHQD VXE SLNVOD MHGDQ EHOL SLNVO %HOHåND &UYHQD LOL SODYD VYHWOD WDĈND PRU
%ULJD R PXåWHULMDPD *DUDQFLMD 2ä7(ā(1-$ 69(7/( 7$ć.( VYHWOL SRGSLNVHO VXVHGQD VYHWOD SRGSLNVHOD VXVHGQD VYHWOD SRGSLNVHOD MHGDQ EHOL SLNVHO 5DVWRMDQMH L]PHGX GYD RåWHFHQMD VYHWOH WDFNH 8NXSQR RåWHĂHQMD VYHWOH WDĈNH VYLK YUVWD 35,+9$7/-,9 1,92 0 ! PP 2ä7(ā(1-$ &51( 7$ć.
%ULJD R PXåWHULMDPD *DUDQFLMD %ULJD R NXSFLPD *DUDQFLMD %ULJD R NXSFLPD *DUDQFLMD =D LQIRUPDFLMH R SRNULĂX JDUDQFLMH L ]DKWHYX ]D GRGDWQX SRGUåNX ]D YDå UHJLRQ PROLPR SRVHWLWH LQWHUQHW SUH]HQWDFLMX ZZZ SKLOLSV FRP VXSSRUW ]D GHWDOMH 7DNRČH PRçHWH NRQWDNWLUDWL VYRM ORNDOQL EURM 3KLOLSV FHQWUD ]D EULJX R SRWURåDĈLPD NRML VH QDOD]L LVSRG .
%ULJD R PXåWHULMDPD *DUDQFLMD .RQWDNW LQIRUPDFLMH ]D UHJLRQ &(175$/1( , =$3$'1( (9523( 'UçDYD 3R]LYQL FHQWDU $6& %URM VHUYLVD ]D NXSFH %HODUXV 1$ ,%$ %XOJDULD 1$ /$1 6HUYLFH &URDWLD 1$ 5HQRSURP &]HFK 5HS 1$ $VXSSRUW (VWRQLD 1$ )8-,768 1$ 6HUZDUH +XQJDU\ 1$ 3URÀ 6HUYLFH /DWYLD 1$ ´6HUYLFH1HW /9µ /WG /LWKXDQLD 1$ 8$% 6HUYLFHQHW 5RP
%ULJD R PXåWHULMDPD *DUDQFLMD .RQWDNW LQIRUPDFLMH ]D $30($ UHJLRQ 'UçDYD 3R]LYQL FHQWDU $6& %URM VHUYLVD ]D NXSFH $XVWUDOLD 1$ $*26 1(7:25. 37< /7' %DQJODGHVK 1$ 'LVWULEXWRU &RPSXWHU 6RXUFH /WG ZDUUDQW\ EX\ RXW &DPERGLD 1$ 'LVWULEXWRU 1HDW 7HFKQRORJ\ 3WH /WG 6LQJDSRUH ZDUUDQW\ EX\ RXW +RQJ .RQJ 0DFDX 1$ 6PDUW 3L[HOV 7HFKQRORJ\ /WG +RQJ .
5HåDYDQMH SUREOHPD L QDMĈHåĂH SRVWDYOMDQD SLWDQMD )$4 $872 WDVWHU QH IXQNFLRQLåH $XWR IXQNFLMD VH PRçH SULPHQLWL VDPR X 9*$ DQDORJQRP UHçLPX 8NROLNR UH]XOWDW QLMH ]DGRYROMDYDMXĂL PRçHWH GD XUDGLWH UXĈQD SRGHåDYDQMD SUHNR PHQLMD QD HNUDQX 5HåDYDQMH SUREOHPD L QDMĈHåĂH SRVWDYOMDQD SLWDQMD )$4 5HåDYDQMH SUREOHPD %HOHåND $XWR IXQNFLMD QH PRçH GD VH SULPHQL X '9, GLJLWDOQRP UHçLPX MHU QLMH QHRSKRGQD 2YD VWUDQLFD VH EDYL SUREOHPLPD NRMH PRçH UHåLWL NRULVQLN 8NROLNR SUREOHP SRVWR
5HåDYDQMH SUREOHPD L QDMĈHåĂH SRVWDYOMDQD SLWDQMD )$4 +RUL]RQWDOQR WUHSHUHQMH VH MDYOMD 3RMDYOMXMH VH LVNULYOMHQD VOLND 7HNVW MH QHMDVDQ LOL ]DPUOMDQ 3RGHVLWH UH]ROXFLMX SULND]D UDFXQDUD QD LVWL UHçLP NDR åWR MH SUHSRUXFHQD RULJLQDOQD UH]ROXFLMD HNUDQD PRQLWRUD 3RGHVLWH SR]LFLMX VOLNH NRULVWHĂL ´$XWRµ IXQNFLMX =HOHQH FUYHQH SODYH WDPQH L EHOH WDFNH VH X JODYQLP NRQWURODPD PHQLMD QD HNUDQX MDYOMDMX QD HNUDQX 8NORQLWH YHUWLNDOQH SUXJH NRULVWHFL 3KDVH &ORFN )D]D VLQKURQL]DFLMH 6H
5HåDYDQMH SUREOHPD L QDMĈHåĂH SRVWDYOMDQD SLWDQMD )$4 1DMĈHåĂH SRVWDYOMDQD SLWDQMD ]D 6PDUW&RQWURO 3 Premium 3 =DPHQLP PRQLWRU ]D NRPSMXWHU GUXJLP L 6PDUW&RQWURO 3UHPLXP QH PRçH GD VH NRULVWL åWD GD UDGLP" 1DNRQ LQVWDOLUDQMD 6PDUW&RQWURO 3UHPLXP NDGD NOLNQHP QD 6PDUW&RQWURO SUHPLXP WDEHOX QLåWD VH QH SRND]XMH QDNRQ QHNRJ YUHPHQD LOL VH SRNDçH SRUXND VD JUHåNRP R NYDUX åWD VH GHVLOR" 2GJ 0RJXĂH MH GD YDå JUDILĈNL DGDSWHU QLMH X VDJODVQRVWL VD 6PDUW&RQWURO 3UHPLXP 8NROLNR M
5HåDYDQMH SUREOHPD L QDMĈHåĂH SRVWDYOMDQD SLWDQMD )$4 3 =DERUDYLR VDP VYRM 3,1 ]D IXQNFLMX 7KHIW 'HWHUUHQFH 6SUHFDYDQMH NUDGH .
5HåDYDQMH SUREOHPD L QDMĈHåĂH SRVWDYOMDQD SLWDQMD )$4 2SåWD )$4V &HVWR SRVWDYOMDQD SLWDQMD 3 3 2GJ 2YR VX IDMORYL GUDMYHUD ]D 9Då PRQLWRU 6OHGLWH XSXWVWYD X 9DåHP SULUXFQLNX ]D NRULVQLNH NDNR ELVWH LQVWDOLUDOL GUDMYHUH 9Då UDFXQDU PRçH RG 9DV WUDçLWL GUDMYHUH ]D PRQLWRU LQI L LFP IDMORYL LOL GLVN GUDMYHU NDGD SUYL SXW LQVWDOLUDWH PRQLWRU 6OHGLWH XSXWVWYD GD XEDFLWH &' 520 SULUXFQLN NRML MH REXKYDFHQ RYLP SDNRYDQMHP 'UDMYHUL ]D PRQLWRU LQI L LFP IDMORYL FH ELWL
5HåDYDQMH SUREOHPD L QDMĈHåĂH SRVWDYOMDQD SLWDQMD )$4 3 3 0RçH OL VH 3KLOLSV PRQLWRU SRVWDYLWL QD ]LG" .
5HåDYDQMH SUREOHPD L QDMĈHåĂH SRVWDYOMDQD SLWDQMD )$4 3 äWD SUHGVWDYOMDMX ,PDJH 6WLFNLQJ /HSOMHQMH VOLND ,PDJH %XUQ LQ 2VYHWOMHQRVW VOLNH $IWHU ,PDJH 6OLND NRMD RVWDMH QD HNUDQX LOL *KRVW ,PDJH )DQWRPQD VOLND QD SDQHOLPD PRQLWRUD" 2GJ 1HSUHNLGQR SULND]LYDQMH VWDWLĈQH VOLNH WRNRP GXçHJ YUHPHQVNRJ SHULRGD PRçH GD L]D]RYH HIHNDW %XUQ LQ RVYHWOMHQRVW SR]QDWLML L NDR DIWHU LPDJH VOLND NRMD RVWDMH QD HNUDQX LOL JKRVW LPDJH IDQWRPQD VOLND VOLNH %XUQ LQ RVYHWOMHQRVW
.RQLQNOLMNH 3KLOLSV (OHFWURQLFV 1 9 6YD SUDYD SULGUçDQD 3KLOLSV L WKH 3KLOLSV 6KLHOG (PEOHP VX UHJLVWURYDQH WUJRYLQVNH PDUNH .RQLQNOLMNH 3KLOLSV (OHFWURQLFV 1 9 L NRULVWH VH SRG OLFHQFRP .