% 6,67(0$ '(/ &2/&+Ï1 '( $,5(
3DWUyQ GH GHVWHOORV GH OD OX]
GH DGYHUWHQFLD ³$,5 %$*³
'7&
1
%
%
%
%
%
%
%
%
%
%
%
%
127$
&XDQGR VH LQGLFDQ R PiV FyGLJRV DSDUHFHUi SULPHUR HO FyGLJR GH QXPHUDFLyQ PiV EDMD
(O '7& DFWXDO \ HO '7& SDVDGR SXHGHQ VHU LGHQWLILFDGRV PHGLDQWH HO HQFHQGLGR \ GHVWHOORV GH OD OX] GH
DGYHUWHQFLD ³$,5 %$*´ GH OD PDQHUD VLJXLHQWH 6LQ HPEDUJR VL VH ILMDQ YDULRV '7& \ XQR GH HOORV HV XQ
'7& DFWXDO OD OX] GH DGYHUWHQFLD ³$,5 %$*´ SHUPDQHFH HQFHQGLGD GHVSXpV GH TXH HO LQWHUUXSWRU GH
HQFHQGLGR HV FRORFDGR HQ OD SRVLFLyQ 21 3RU FRQVLJXLHQWH QR HV SRVLEOH GHWHUPLQDU VL DOJXQR GH HOORV
HV DFWXDO R XQR GH KLVWRULD 1R REVWDQWH HO LQVWUXPHQWR GH H[SORUDFLyQ 68=8., SHUPLWLUi HIHFWXDU OD
LGHQWLILFDFLyQ GH ORV '7&
/X] GH DGYHUWHQFLD ³$,5 %$*´
GHVSXpV GH FRORFDU HO LQWHUUXSWRU
GH HQFHQGLGR HQ OD SRVLFLyQ 21
/X] GH DGYHUWHQFLD ³$,5 %$*´
FXDQGR HO LQWHUUXSWRU GH GLDJQyV
WLFR VH FRQHFWD D PDVD
02'2
&LUFXLWR GHO
SUHWHQVRU GHO
FRQGXFWRU
&LUFXLWR GHO
SUHWHQVRU GHO
SDVDMHUR
0yGXOR GH
6'0
6H ILMD HO '7& DFWXDO
+D\ DQRUPDOLGDG DFWXDOPHQWH
'HVWHOOD YHFHV \ VH HQFLHQGH
6H YLVXDOL]D HO '7& DFWXDO
'LDJQyVWLFR
5HVLVWHQFLD DOWD
5HVLVWHQFLD EDMD
&RUWRFLUFXLWR D PDVD
&RUWRFLUFXLWR DO FLUFXLWR GH DOL
PHQWDFLyQ HOpFWULFD
5HVLVWHQFLD DOWD
5HVLVWHQFLD EDMD
&RUWRFLUFXLWR D PDVD
&RUWRFLUFXLWR DO FLUFXLWR GH DOL
PHQWDFLyQ HOpFWULFD
'HWHFFLyQ GH FROLVLyQ IURQWDO
)DOOR GHO FLUFXLWR GH OD OX] GH
DGYHUWHQFLD ³$,5 %$*´
)DOOR LQWHUQR
(VSHFLILFDFLRQHV GLIHUHQWHV
HQWUH HO VLVWHPD GHO FROFKyQ GH
DLUH \ HO PyGXOR GH 6'0
6H ILMD VRODPHQWH HO '7& GH KLVWRULD
/D FRQGLFLyQ GHIHFWXRVD RFXUULy XQD
YH] HQ HO SDVDGR SHUR VH KD YXHOWR
DFWXDOPHQWH D OD FRQGLFLyQ GH QRUPD
OLGDG
'HVWHOOD YHFHV \ VH DSDJD
6H YLVXDOL]D HO '7& GH KLVWRULD
'LDJQRVWLTXH OD
ORFDOL]DFLyQ \
UHSDUDFLyQ GH
GHVSHUIHFWRV GH
DFXHUGR FRQ OD
WDEOD GH IOXMR GH
GLDJQyVWLFR
FRUUHVSRQGLHQWH
D FDGD Q~PHUR
GH FyGLJR