)250 12 5HY % :KHHO +RUVHÇ + *DUGHQ 7UDFWRU 0RGHO 1R 8S 2SHUDWRU·V 0DQXDO ,03257$17 5HDG WKLV PDQXDO FDUHIXOO\ ,W FRQWDLQV LQIRUPDWLRQ DERXW \RXU VDIHW\ DQG WKH VDIHW\ RI RWKHUV $OVR EHFRPH IDPLOLDU ZLWK WKH FRQWUROV DQG WKHLU SURSHU XVH EHIRUH \RX RSHUDWH WKH SURGXFW
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
&RQWHQWV 6DIHW\ 6DIH 2SHUDWLQJ 3UDFWLFHV 6ORSH &KDUW 6DIHW\ DQG ,QVWUXFWLRQ 'HFDOV *DVROLQH DQG 2LO 5HFRPPHQGHG *DVROLQH 6WDELOL]HU &RQGLWLRQHU )LOOLQJ WKH )XHO 7DQN &KHFN (QJLQH 2LO /HYHO
6DIHW\ 7KLV PDFKLQH PHHWV RU H[FHHGV WKH % VSHFLILFDWLRQV RI WKH $PHULFDQ 1DWLRQDO 6WDQGDUGV ,QVWLWXWH LQ HIIHFW DW WKH WLPH RI SURGXFWLRQ +RZHYHU LPSURSHU XVH RU PDLQWHQDQFH E\ WKH RSHUDWRU RU RZQHU FDQ UHVXOW LQ LQMXU\ 7R UHGXFH WKH SRWHQWLDO IRU LQMXU\ FRPSO\ ZLWK WKHVH VDIHW\ LQVWUXFWLRQV DQG DOZD\V SD\ DWWHQWLRQ WR WKH VDIHW\ DOHUW V\PERO ZKLFK PHDQV &$87,21 :$51,1* RU '$1*(5³´SHUVRQDO VDIHW\ LQVWUXFWLRQ µ )DLOXUH WR FRPSO\ ZLWK WKH LQVWUXFWLRQ PD\ UHVXOW LQ SHUVRQDO LQMXU\ RU GHDWK
6DIHW\ 0RZ RQO\ LQ GD\OLJKW RU JRRG DUWLILFLDO OLJKW 'R QRW RSHUDWH WKH PDFKLQH ZKLOH XQGHU WKH LQIOXHQFH RI DOFRKRO RU GUXJV :DWFK IRU WUDIILF ZKHQ RSHUDWLQJ QHDU RU FURVVLQJ URDGZD\V 8VH H[WUD FDUH ZKHQ ORDGLQJ RU XQORDGLQJ WKH PDFKLQH RQWR D WUDLOHU RU WUXFN .
DIHW\ &KLOGUHQ 7UDJLF DFFLGHQWV FDQ RFFXU LI WKH RSHUDWRU LV QRW DOHUW WR WKH SUHVHQFH RI FKLOGUHQ &KLOGUHQ DUH RIWHQ DWWUDFWHG WR WKH PDFKLQH DQG WKH PRZLQJ DFWLYLW\ 1HYHU DVVXPH WKDW FKLOGUHQ ZLOO UHPDLQ ZKHUH \RX ODVW VDZ WKHP 7KH IROORZLQJ UHTXLUHPHQWV PXVW EH IROORZHG WR SUHYHQW LQMXU\ WR FKLOGUHQ .
6DIHW\ 6ORSH &KDUW 5HDG DOO VDIHW\ LQVWUXFWLRQV RQ SDJHV
6DIHW\ 6DIHW\ DQG ,QVWUXFWLRQ 'HFDOV 6DIHW\ GHFDOV DQG LQVWUXFWLRQV DUH HDVLO\ YLVLEOH WR WKH RSHUDWRU DQG DUH ORFDWHG QHDU DQ\ DUHD RI SRWHQWLDO GDQJHU 5HSODFH DQ\ GHFDO WKDW LV GDPDJHG RU ORVW 21 +22'67$1' 81'(5 67((5,1* :+((/ 3DUW 1R 21 5,*+7 5($5 $;/( 3DUW 1R 81'(5 6($7 3DUW 1R 21 /()7 6,'( 2) )5$0( 3/$7( 1(;7 72 3$5.,1* %5$.
*DVROLQH DQG 2LO 5HFRPPHQGHG *DVROLQH 6WDELOL]HU &RQGLWLRQHU 8VH 81/($'(' 5HJXODU *DVROLQH VXLWDEOH IRU DXWRPRWLYH XVH SXPS RFWDQH PLQLPXP /HDGHG UHJXODU JDVROLQH PD\ EH XVHG LI XQOHDGHG UHJXODU LV QRW DYDLODEOH $GG WKH FRUUHFW DPRXQW RI JDV VWDELOL]HU FRQGLWLRQHU WR WKH JDV 8VLQJ D VWDELOL]HU FRQGLWLRQHULQ WKH PDFKLQH ,03257$17 1HYHU XVH PHWKDQRO JDVROLQH FRQWDLQLQJ PHWKDQRO RU JDVRKRO FRQWDLQLQJ PRUH WKDQ HWKDQRO EHFDXVH WKH IXHO V\VWHP FRXOG EH GDPDJHG 'R QRW PL[ RLO ZLWK JDVROLQH
2SHUDWLRQ 7KLQN 6DIHW\ )LUVW 3DUNLQJ %UDNH 3OHDVH FDUHIXOO\ UHDG DOO WKH VDIHW\ LQVWUXFWLRQV RQ SDJHV .
2SHUDWLRQ 6WDUWLQJ DQG 6WRSSLQJ WKH (QJLQH 6WDUWLQJ 6LW GRZQ RQ WKH VHDW 6HW WKH SDUNLQJ EUDNH UHIHU WR 6HWWLQJ WKH 3DUNLQJ %UDNH SDJH 7KLV DXWRPDWLFDOO\ UHWXUQV WKH PRWLRQ FRQWURO OHYHU WR QHXWUDO 0RYH WKH 372 SRZHU WDNH RII WR GLVHQJDJH )LJ 0RYH WKH FKRNH OHYHU WR ´21µ )LJ 1RWH ,Q FROGHU WHPSHUDWXUHV RU ZKHQ WUDFWRU KDV QRU EHHQ UXQ IRU DZKLOH VWDUWLQJ PD\ EH HDVLHU LI WKH WKURWWOH LV OHIW LQ WKH ´6/2:µ SRVLWLRQ 372³'LVHQJDJHG $IWHU WKH
2SHUDWLRQ 2SHUDWLQJ WKH 3RZHU 7DNH 2II 372 7KH 6DIHW\ ,QWHUORFN 6\VWHP 7KH SRZHU WDNH RII 372 HQJDJHV DQG GLVHQJDJHV SRZHU WR WKH DWWDFKPHQW FOXWFK (QJDJLQJ WKH 3RZHU 7DNH 2II 372 'HSUHVV WKH EUDNH SHGDO WR VWRS WKH PDFKLQH 3XVK WKH SRZHU WDNH RII 372 OHYHU IRUZDUG WR HQJDJH )LJ 7KH VDIHW\ LQWHUORFN V\VWHP LV GHVLJQHG WR SUHYHQW WKH HQJLQH IURP VWDUWLQJ XQOHVV
2SHUDWLRQ ,QGLFDWRU &RQWURO 0RGXOH 7KH LQGLFDWRU FRQWURO PRGXOH )LJ KDV OLJKWV WKDW LOOXPLQDWH ZKHQ FHUWDLQ FRQWUROV DUH DFWLYDWHG DQG ZKHQ PDMRU PDOIXQFWLRQV RFFXU WKDW QHHG LPPHGLDWH DWWHQWLRQ )ROORZLQJ DUH WKH FRQGLWLRQV ZKHQ LQGLFDWRU OLJKWV ZLOO EH ´21µ $W RWKHU WLPHV WKH OLJKWV VKRXOG EH RII $OO OLJKWV FRPH RQ IRU D WZR VHFRQG WHVW DQG WKH RLO OLJKW ´%/,1.
2SHUDWLRQ (QJLQH 7HPSHUDWXUH +RXU 0HWHU 7KH WHPSHUDWXUH OLJKW ZLOO EH ´21µ ZKHQ WKH NH\ LV LQ WKH ´581µ SRVLWLRQ DQG WKH HQJLQH WHPSHUDWXUH H[FHHGV SURSHU RSHUDWLQJ OLPLWV 6WRS HQJLQH LPPHGLDWHO\ DQG FRUUHFW WKH FDXVH RI KLJK WHPSHUDWXUH 7KH KRXU PHWHU UHFRUGV WKH QXPEHU RI KRXUV WKH HQJLQH KDV RSHUDWHG ,W RSHUDWHV ZKHQ WKH HQJLQH LV UXQQLQJ 8VH WKHVH WLPHV IRU VFKHGXOLQJ UHJXODU PDLQWHQDQFH 7DFKRPHWHU ,QVWUXPHQWV 7KH JDXJHV VKRZ FRQGLWLRQV WKDW QHHG WR EH PRQLWRUHG GXULQJ WUDFWRU RSHUDWLRQ 5HDG
2SHUDWLRQ 'ULYLQJ )RUZDUG RU %DFNZDUG 6WRSSLQJ WKH 0DFKLQH 7KH WKURWWOH FRQWURO UHJXODWHV WKH HQJLQH VSHHG DV PHDVXUHG LQ USP UHYROXWLRQV SHU PLQXWH 3ODFH WKH WKURWWOH FRQWURO LQ WKH ´)$67µ SRVLWLRQ IRU EHVW SHUIRUPDQFH 7R VWRS WKH PDFKLQH PRYH WKH WUDFWLRQ FRQWURO OHYHU WR QHXWUDO GLVHQJDJH WKH SRZHU WDNH RII 372 DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WKH HQJLQH $OVR VHW WKH SDUNLQJ EUDNH LI \RX OHDYH WKH PDFKLQH XQDWWHQGHG UHIHU WR 6HWWLQJ WKH 3DUNLQJ %UDNH SDJH 5HPHPEHU WR UHPRYH W
2SHUDWLRQ $WWDFKPHQW 3RZHU /LIW 3RVLWLRQLQJ WKH 6HDW 7KH DWWDFKPHQW SRZHU OLIW )LJ LV XVHG WR UDLVH DQG ORZHU DWWDFKPHQWV 7KH VHDW FDQ PRYH IRUZDUG DQG EDFNZDUG 3RVLWLRQ WKH VHDW ZKHUH \RX KDYH WKH EHVW FRQWURO RI WKH PDFKLQH DQG DUH PRVW FRPIRUWDEOH 5DLVLQJ $WWDFKPHQWV 7R DGMXVW PRYH WKH OHYHU VLGHZD\V WR XQORFN VHDW )LJ 6OLGH WKH VHDW WR WKH GHVLUHG SRVLWLRQ DQG UHOHDVH OHYHU WR ORFN LQ SRVLWLRQ 6WDUW WKH HQJLQH UHIHU WR 6WDUWLQJ DQG 6WRSSLQJ WKH (QJLQH SDJH
2SHUDWLRQ ,QVWDOOLQJ 372 %HOW 3XVKLQJ WKH 0DFKLQH E\ +DQG 'LVHQJDJH WKH SRZHU WDNH RII 372 DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WKH HQJLQH 'LVHQJDJH WKH SDUNLQJ EUDNH VR WKH ZKHHOV FDQ WXUQ DQG SXVK VORZO\ 3DUN WKH PDFKLQH RQ D OHYHO VXUIDFH GLVHQJDJH WKH SRZHU WDNH RII 372 VHW WKH SDUNLQJ EUDNH DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WKH HQJLQH 5HPRYH WKH NH\ 5HPRYH WKH 372 FRYHU 5HPRYH KDLUSLQ FRWWHU DQG WUXQQLRQ IURP 372 HQJDJHPHQW SODWH )LJ 8
0DLQWHQDQFH 6HUYLFH ,QWHUYDO &KDUW +RXUV +RXUV 2LO³FKDQJH ,QLWLDO ; 2LO )LOWHU³FKDQJH HYHU\ RWKHU RLO FKDQJH ,QLWLDO 6HUYLFH 2SHUDWLRQ 2LO³FKHFN OHYHO (DFK 8VH +RXUV +RXUV 6WRUDJH 6HUYLFH ; 6DIHW\ 6\VWHP³FKHFN ; %UDNH³FKHFN ; ; ; ; ; ; 372 %UDNH DGMXVW RQFH D \HDU ; &KDVVLV³JUHDVH ; ; ; 3DSHU $LU &OHDQHU³UHSODFH ; 6SDUN 3OXJ V ³FKHFN ; ; &UDQNFDVH EUHDWKHU³FOHDQ ; ; %HOWV³FKHFN IRU ZHDU FUDFNV ; ; ; ; ; &KLSSHG 6XUIDFHV³SDLQW ; ; ; %DWWHU\³FKDUJ
0DLQWHQDQFH 327(17,$/ +$=$5' ,I \RX OHDYH WKH NH\ LQ WKH LJQLWLRQ VZLWFK VRPHRQH FRXOG VWDUW WKH HQJLQH :+$7 &$1 +$33(1 $FFLGHQWDO VWDUWLQJ RI WKH HQJLQH FRXOG VHULRXVO\ LQMXUH \RX RU RWKHU E\VWDQGHUV +2: 72 $92,' 7+( +$=$5' 5HPRYH WKH NH\ IURP WKH LJQLWLRQ VZLWFK DQG SXOO WKH ZLUH V RII WKH VSDUN SOXJ V EHIRUH \RX GR DQ\ PDLQWHQDQFH $OVR SXVK WKH ZLUH V DVLGH VR LW GRHV QRW DFFLGHQWDOO\ FRQWDFW WKH VSDUN SOXJ V
0DLQWHQDQFH $LU &OHDQHU 8QVFUHZ WKH ZLQJ QXW DQG UHPRYH WKH FRYHU IRDP HOHPHQW DQG SDSHU HOHPHQW )LJ 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ )RDP (OHPHQW &OHDQ DQG UH RLO DIWHU HYHU\ RSHUDWLQJ KRXUV RU RQFH D \HDU ZKLFKHYHU RFFXUV ILUVW &DUHIXOO\ VOLGH WKH IRDP HOHPHQW RII WKH SDSHU HOHPHQW )LJ &OHDQLQJ WKH )RDP DQG 3DSHU (OHPHQWV 3DSHU (OHPHQW 5HSODFH DIWHU HYHU\ RSHUDWLQJ KRXUV RU RQFH D \HDU ZKLFKHYHU RFFXUV ILUVW 1RWH 6HUYLFH WKH DLU FOHDQHU PRUH IUHTXHQWO\ HYHU\ IH
0DLQWHQDQFH 3DSHU (OHPHQW $ /LJKWO\ WDS WKH HOHPHQW RQ D IODW VXUIDFH WR UHPRYH GXVW DQG GLUW )LJ % ,QVSHFW WKH HOHPHQW IRU WHDUV DQ RLO\ ILOP DQG GDPDJH WR WKH UXEEHU VHDO ,03257$17 1HYHU FOHDQ WKH SDSHU HOHPHQW ZLWK SUHVVXUL]HG DLU RU OLTXLGV VXFK DV VROYHQW JDV RU NHURVHQH 5HSODFH WKH SDSHU HOHPHQW LI LW LV GDPDJHG GHIHFWLYH RU FDQQRW EH FOHDQHG WKRURXJKO\ 3DSHU HOHPHQW )LJXUH 5XEEHU VHDO ,QVWDOOLQJ WKH )RDP DQG 3DSHU (OHPHQWV ,03257$17 7R SUH
0DLQWHQDQFH (QJLQH 2LO &KHFNLQJ 2LO /HYHO 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ 3DUN WKH PDFKLQH RQ D OHYHO VXUIDFH GLVHQJDJH WKH SRZHU WDNH RII 372 VHW WKH SDUNLQJ EUDNH DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WKH HQJLQH 5HPRYH WKH NH\ 2SHQ WKH KRRG &OHDQ DURXQG WKH RLO GLSVWLFN )LJ VR GLUW FDQQRW IDOO LQWR WKH ILOOHU KROH DQG GDPDJH WKH HQJLQH 8QVFUHZ WKH RLO GLSVWLFN DQG ZLSH WKH PHWDO HQG FOHDQ )LJ 6OLGH WKH RLO GLSVWLFN IXOO\ LQWR WKH ILOOHU WXEH GR QRW WK
0DLQWHQDQFH &KDQJLQJ 'UDLQLQJ 2LO &KDQJH 2LO )LOWHU 6WDUW WKH HQJLQH DQG OHW LW UXQ ILYH PLQXWHV 7KLV ZDUPV WKH RLO VR LW GUDLQV EHWWHU 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ 3DUN WKH PDFKLQH VR WKDW WKH GUDLQ VLGH LV VOLJKWO\ ORZHU WKDQ WKH RSSRVLWH VLGH WR DVVXUH WKH RLO GUDLQV FRPSOHWHO\ 7KHQ GLVHQJDJH WKH SRZHU WDNH RII 372 VHW WKH SDUNLQJ EUDNH DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WKH HQJLQH 5HPRYH WKH NH\ 5HSODFH WKH RLO ILOWHU HYHU\ KRXUV RU HYHU\ RWKHU RLO FKDQJH 1RWH &KD
0DLQWHQDQFH 6SDUN 3OXJ &KHFNLQJ WKH 6SDUN 3OXJ 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ /RRN DW WKH FHQWHU RI WKH VSDUN SOXJ V )LJ ,I \RX VHH OLJKW EURZQ RU JUD\ RQ WKH LQVXODWRU WKH HQJLQH LV RSHUDWLQJ SURSHUO\ $ EODFN FRDWLQJ RQ WKH LQVXODWRU XVXDOO\ PHDQV WKH DLU FOHDQHU LV GLUW\ &KHFN WKH VSDUN SOXJ V DIWHU HYHU\ RSHUDWLQJ KRXUV 0DNH VXUH WKH DLU JDS EHWZHHQ WKH FHQWHU DQG VLGH HOHFWURGHV LV FRUUHFW EHIRUH LQVWDOOLQJ WKH VSDUN SOXJ 8VH D VSDUN SOXJ ZUHQFK IRU UHPRYLQJ DQG LQVWDOOLQJ WKH
0DLQWHQDQFH (QJLQH %UHDWKHU 2SHQ EUHDWKHU FODPS DQG UHPRYH VFUHHQ DQG EDIIOH )LJ 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ &OHDQ WKH HQJLQH EUHDWKHU DIWHU HYHU\ RSHUDWLQJ KRXUV RU \HDUO\ ZKLFKHYHU RFFXUV ILUVW &OHDQ VFUHHQ DQG EDIIOH LQ DQ DSSURYHG VROYHQW DQG GU\ LQ D SDSHU WRZHO ,QVWDOO EDIIOH DQG VFUHHQ DQG VHFXUH EUHDWKHU ZLWK FODPS )LJ ,QVWDOO DLU ILOWHU EDVH DQG DVVHPEOH DLU ILOWHU )LJ 'LVHQJDJH WKH SRZHU WDNH RII 372 VHW WKH SDUNLQJ EUDNH DQG WXUQ WKH
0DLQWHQDQFH *UHDVLQJ DQG /XEULFDWLRQ 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ /XEULFDWH WKH EUDNH SHGDO ZKHUH LW SLYRWV RQ PRXQWLQJ VKDIW VWHHULQJ VKDIW DQG VSUHDG JUHDVH RQ VWHHULQJ VHFWRU WHHWK )LJ *UHDVH WKH PDFKLQH DIWHU HYHU\ RSHUDWLQJ KRXUV RU \HDUO\ ZKLFKHYHU RFFXUV ILUVW *UHDVH PRUH IUHTXHQWO\ ZKHQ RSHUDWLQJ FRQGLWLRQV DUH H[WUHPHO\ GXVW\ RU VDQG\ *UHDVH 7\SH *HQHUDO SXUSRVH JUHDVH +RZ WR *UHDVH 'LVHQJDJH WKH SRZHU WDNH RII 372 VHW WKH SDUNLQJ EUDNH DQG WXUQ WKH LJQLWLRQ NH\ W
0DLQWHQDQFH 7LUH 3UHVVXUH %UDNH 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ $OZD\V VHW WKH SDUNLQJ EUDNH ZKHQ \RX VWRS WKH PDFKLQH RU OHDYH LW XQDWWHQGHG &KHFN WKH EUDNH EHIRUH HDFK XVH ,I WKH SDUNLQJ EUDNH GRHV QRW KROG VHFXUHO\ DQ DGMXVWPHQW LV UHTXLUHG 0DLQWDLQ WKH DLU SUHVVXUH LQ WKH IURQW DQG UHDU WLUHV DV VSHFLILHG &KHFN WKH SUHVVXUH DW WKH YDOYH VWHP DIWHU HYHU\ RSHUDWLQJ KRXUV RU PRQWKO\ ZKLFKHYHU RFFXUV ILUVW )LJ &KHFN WKH WLUHV ZKHQ WKH\ DUH FROG WR JHW WKH PRVW DFFXUDWH SUHVVXUH UHDGLQJ
0DLQWHQDQFH 372 3RZHU 7DNH 2II %UDNH $GMXVWLQJ WKH %UDNH 7KH EUDNH DGMXVWPHQW LV EHKLQG WKH OHIW VLGH FRYHU )LJ ,I WKH SDUNLQJ EUDNH GRHV QRW KROG VHFXUHO\ DQ DGMXVWPHQW LV UHTXLUHG &KHFN WKH EUDNH EHIRUH \RX DGMXVW LW UHIHU WR &KHFNLQJ WKH %UDNH SDJH 6HW SDUNLQJ EUDNH VR ODWFK LV LQ VHFRQG QRWFK 7R GR WKLV OLIW XS RQ SDUNLQJ EUDNH OHYHU DQG VORZO\ GHSUHVV EUDNH SHGDO DQG IHHO ZKHQ ODWFK LV LQ VHFRQG QRWFK 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ &KHFN DGMXVWPHQW RI 372 EUDNH DI
0DLQWHQDQFH )URQW :KHHO 7RH ,Q $GMXVWLQJ 7RH ,Q 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ 0DLQWDLQ WRH LQ RI WKH IURQW ZKHHOV DV VSHFLILHG ,I XQHYHQ WLUH ZHDU ODZQ VFXIILQJ RU KDUG VWHHULQJ GHYHORS DGMXVWPHQW PD\ EH UHTXLUHG &KHFN WKH WRH LQ DIWHU HYHU\ RSHUDWLQJ KRXUV RU RQFH D \HDU ZKLFKHYHU RFFXUV ILUVW )LJ 6SHFLILFDWLRQ LQFK PP WRH LQ RQ IURQW ZKHHOV 0HDVXULQJ 7RH LQ 'LVHQJDJH WKH SRZHU WDNH RII 372 VHW WKH SDUNLQJ EUDNH DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WK
0DLQWHQDQFH )XHO 7DQN 'UDLQLQJ 7KH )XHO 7DQN 3XOO WKH IXHO OLQH RII IXHO VKXW RII YDOYH )LJ 2SHQ IXHO VKXW RII YDOYH DQG DOORZ JDVROLQH WR GUDLQ LQWR D JDV FDQ RU GUDLQ SDQ 1RWH 327(17,$/ +$=$5' ,Q FHUWDLQ FRQGLWLRQV JDVROLQH LV H[WUHPHO\ IODPPDEOH DQG KLJKO\ H[SORVLYH :+$7 &$1 +$33(1 $ ILUH RU H[SORVLRQ IURP JDVROLQH FDQ EXUQ \RX RWKHUV DQG FDXVH SURSHUW\ GDPDJH +2: 72 $92,' 7+( +$=$5' 'UDLQ JDVROLQH IURP WKH IXHO WDQN ZKHQ WKH HQJLQH LV FROG 'R WKLV RXWGRRUV LQ DQ RSHQ DUHD :L
0DLQWHQDQFH )XHO )LOWHU 7UDQVD[OH )OXLG 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ 5HSODFH WKH IXHO ILOWHU DIWHU HYHU\ RSHUDWLQJ KRXUV RU RQFH D \HDU ZKLFKHYHU RFFXUV ILUVW &KHFN IOXLG OHYHO EHIRUH HYHU\ XVH $OZD\V NHHS WKH IOXLG OHYHO DW WKH IXOO OHYHO ZKHQ WKH WUDQVD[OH LV FROG 5HSODFLQJ WKH )XHO )LOWHU )OXLG 7\SH 6$( : 'HWHUJHQW RLO $3, VHUYLFH 6) RU 6* 'LVHQJDJH WKH SRZHU WDNH RII 372 VHW WKH SDUNLQJ EUDNH DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WK
0DLQWHQDQFH 3XOO RXW WKH WUDQVPLVVLRQ GLSVWLFN DQG ZLSH WKH PHWDO HQG FOHDQ )LJ 6OLGH WKH WUDQVPLVVLRQ GLSVWLFN IXOO\ LQWR WKH ILOOHU WXEH )LJ 3XOO WKH GLSVWLFN RXW DQG ORRN DW WKH PHWDO HQG :KHQ WUDQVD[OH LV FROG RLO VKRXOG EH DW WKH ´)XOOµ OLQH RQ WKH GLSVWLFN )LJ ,I RLO OHYHO LV ORZ VORZO\ SRXU RQO\ HQRXJK RLO LQWR WKH ILOOHU WXEH WR UDLVH WKH OHYHO WR WKH ´)8//µ PDUN &KDQJLQJ 'UDLQLQJ 7UDQVD[OH )OXLG 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ 5HSODFH WKH WUDQVD[OH IOXLG HYHU\
0DLQWHQDQFH +HDGOLJKWV &KDQJH 7UDQVD[OH )LOWHU 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ 5HSODFH WKH WUDQVD[OH ILOWHU DIWHU WKH ILUVW KRXUV WKHQ HYHU\ KRXUV RU RQFH D \HDU ZKLFKHYHU FRPHV ILUVW 5HPRYLQJ WKH %XOE 5HPRYH WKH WUDQVD[OH ILOWHU DQG ZLSH WKH ILOWHU DGDSWHU )LJ JDVNHW VXUIDFH 'LVHQJDJH WKH SRZHU WDNH RII 372 VHW WKH SDUNLQJ EUDNH DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WKH HQJLQH 5HPRYH WKH NH\ $SSO\ D WKLQ FRDW RI QHZ RLO WR WKH UXEEHU JDVNHW RQ WKH UHSODFHPHQW IL
0DLQWHQDQFH 7DLOOLJKWV ,QVWDOOLQJ WKH %XOE $OLJQ WKH EXOE EDVH ZLWK VRFNHW DQG SXVK LQWR SRVLWLRQ )LJ $OLJQ DQG VQDS WKH OHQV RQWR WKH EDVH )LJ 5HPRYLQJ WKH %XOE 'LVHQJDJH WKH SRZHU WDNH RII 372 VHW WKH SDUNLQJ EUDNH DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WKH HQJLQH 5HPRYH WKH NH\ ,QVHUWLQJ D VFUHZGULYHU LQWR VORW DQG WZLVW WR UHPRYH OHQV )LJ 3XOO EXOE RXW RI VRFNHW P /HQV 6ORW )LJXUH %XOE 6RFNHW
0DLQWHQDQFH %DWWHU\ 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ &KHFN WKH HOHFWURO\WH OHYHO LQ WKH EDWWHU\ EHIRUH HDFK XVH $OZD\V NHHS WKH EDWWHU\ FOHDQ DQG IXOO\ FKDUJHG 8VH D SDSHU WRZHO WR FOHDQ WKH EDWWHU\ FDVH ,I WKH EDWWHU\ WHUPLQDOV DUH FRUURGHG FOHDQ WKHP ZLWK D VROXWLRQ RI IRXU SDUWV ZDWHU DQG RQH SDUW EDNLQJ VRGD $SSO\ D OLJKW FRDWLQJ RI JUHDVH WR WKH EDWWHU\ WHUPLQDOV WR SUHYHQW FRUURVLRQ 'LVHQJDJH WKH SRZHU WDNH RII 372 VHW WKH SDUNLQJ EUDNH DQG WXUQ WKH LJQLWLRQ NH\ WR
0DLQWHQDQFH &KHFNLQJ (OHFWURO\WH /HYHO &KDUJLQJ WKH %DWWHU\ :LWK WKH HQJLQH RII RSHQ WKH KRRG 2SHQ FRYHUV WR VHH LQWR WKH FHOOV 7KH HOHFWURO\WH PXVW EH XS WR WKH ORZHU SDUW RI WKH WXEH )LJ 'R QRW DOORZ WKH HOHFWURO\WH WR JHW EHORZ WKH SODWHV )LJ ,I WKH HOHFWURO\WH LV ORZ DGG WKH UHTXLUHG DPRXQW RI GLVWLOOHG ZDWHU UHIHU WR $GGLQJ :DWHU WR WKH %DWWHU\ SDJH ,03257$17 $OZD\V NHHS WKH EDWWHU\ IXOO\ FKDUJHG VSHFLILF JUDYLW\ 7KLV LV HVSHFLDOO\ LPSRUWDQW WR
0DLQWHQDQFH )XVH 6HUYLFH ,QWHUYDO 6SHFLILFDWLRQ 7KH HOHFWULFDO V\VWHP LV SURWHFWHG E\ IXVHV ,W UHTXLUHV QR PDLQWHQDQFH KRZHYHU LI D IXVH EORZV FKHFN FRPSRQHQW FLUFXLW IRU PDOIXQFWLRQ RU VKRUW 7R UHSODFH IXVHV SXOO XS RQ WKH IXVH )LJ WR UHPRYH RU UHSODFH LW )XVH &KDUJLQJ FLUFXLW ) DPS EODGH W\SH 0DLQ ) DPS EODGH W\SH /LJKWV ) DPS EODGH W\SH P )LJXUH &KDUJLQJ FLUFXLW DPS 0DLQ DPS /LJKWV DPS
0DLQWHQDQFH :LULQJ 'LDJUDP
0DLQWHQDQFH &OHDQLQJ DQG 6WRUDJH 'LVHQJDJH WKH SRZHU WDNH RII 372 VHW WKH SDUNLQJ EUDNH DQG WXUQ WKH LJQLWLRQ NH\ WR ´2))µ WR VWRS WKH HQJLQH 5HPRYH WKH NH\ 5HPRYH JUDVV FOLSSLQJV GLUW DQG JULPH IURP WKH H[WHUQDO SDUWV RI WKH HQWLUH PDFKLQH HVSHFLDOO\ WKH HQJLQH &OHDQ GLUW DQG FKDII IURP WKH RXWVLGH RI WKH HQJLQH·V F\OLQGHU KHDG ILQV DQG EORZHU KRXVLQJ ,03257$17
7URXEOHVKRRWLQJ 352%/(0 6WDUWHU GRHV QRW FUDQN (QJLQH J ZLOO QRW VWDUW VWDUWV KDUG RU IDLOV WR NHHS UXQQLQJ (QJLQH J ORVHV S SRZHU 3266,%/( &$86(6 &255(&7,9( $&7,21 %ODGH FRQWURO 372 LV (1*$*(' 0RYH EODGH FRQWURO 372 WR ',6(1*$*(' 3DUNLQJ EUDNH LV QRW RQ 6HW SDUNLQJ EUDNH 2SHUDWRU LV QRW VHDWHG 6LW RQ WKH VHDW %DWWHU\ LV GHDG &KDUJH WKH EDWWHU\ (OHFWULFDO FRQQHFWLRQV DUH FRUURGHG RU ORRVH &KHFN HOHFWULFDO FRQQHFWLRQV IRU JRRG FRQWDFW
7URXEOHVKRRWLQJ 352%/(0 (QJLQH J RYHUKHDWV $EQRUPDO YLEUDWLRQ 0DFKLQH GRHV QRW GULYH 3266,%/( &$86(6 &255(&7,9( $&7,21 (QJLQH ORDG LV H[FHVVLYH 5HGXFH JURXQG VSHHG 2LO OHYHO LQ FUDQNFDVH LV ORZ $GG RLO WR FUDQNFDVH &RROLQJ ILQV DQG DLU SDVVDJHV XQGHU HQJLQH EORZHU KRXVLQJ DUH SOXJJHG 5HPRYH REVWUXFWLRQ IURP FRROLQJ ILQV DQG DLU SDVVDJHV (QJLQH PRXQWLQJ EROWV DUH ORRVH 7LJKWHQ HQJLQH PRXQWLQJ EROWV /RRVH HQJLQH SXOOH\ LGOHU SXOOH\ RU EODGH SX
7+( 7252 727$/ &29(5$*( *8$5$17(( *DV 3RZHUHG &RQVXPHU 3URGXFWV ([FHSW :30 $ )XOO 7ZR
