technical NOTES

6

1R

6FUHZ7\SH 5HFLSURFDWLQJ7\SH

  ,QVWDOODWLRQ )RXQGDWLRQ

 x ,QVWDOODWLRQ GRHV QRW UHTXLUH DQ\ KHDY\

)RXQGDWLRQ DV WKHUH DUH QR XQEDODQFHG

IRUFHV

x 0DFKLQHVFDQEHSODFHGRQDQ\IORRUOHYHO

HYHQRQWKHXSSHUIORRUZLWKRXWSUREOHP

x 0DFKLQHFDQEHHUHFWHGDQGFRPPLVVLRQHG

ZLWKLQDGD\

x ,QVWDOODWLRQFRQVLVWVRIKHDY\IRXQGDWLRQGXHWR

XQEDODQFHGIRUFHV

x FRVWRIWKHVHIRXQGDWLRQLV5VSHU+3RI

LQVWDOOHGPRWRUSRZHU

x 5HFLSURFDWLQJFRPSUHVVRUVLQYROYHDORWRIVLWH

DFWLYLW\IRUHUHFWLRQDQGFRPPLVVLRQLQJDSSUR[

GD\VIRU+3&RPS

x 8QHYHQIRXQGDWLRQOHDGVWRXQHYHQVLQNLQJDQG

VXEVHTXHQW IDLOXUH RI FUDQNVKDIW DQG UXQQLQJ

JHDUDVVHPEO\

  &DSDFLW\

 x 7KHUHDUHQRYDOYHVLQVFUHZFRPSUHVVRUV

DQGKHQFHQRYDOYHIOXWWHU

x $EVROXWHO\QRPHWDOWRPHWDOFRQWDFWKHQFH

QRGHUDWLRQRIFDSDFLW\

x $V D UHVXOW VSHFLILF SRZHU FRQVXPSWLRQ

UHPDLQWKHVDPH

x &RQWLQXRXV GHUDWLRQ RI FDSDFLW\ GXH WR WKH

SUREOHPRIYDOYHIOXWWHU

x $OVRGXHWRRYDOLW\SKHQRPHQRQWKHUHLVDIXUWKHU

GHUDWLRQRIFDSDFLW\E\HYHU\\HDU

x $V D UHVXOW VSHFLILF SRZHU FRQVXPSWLRQ LV

LQFUHDVHG ZKLFK OHDGV WR PRUH H[SHQVHV LQ

SRZHU

  3RZHU&RQVXPSWLRQ

 x 7KH\DUHKDYLQJORZHUSRZHUFRQVXPSWLRQ

x 1RKLGGHQSRZHUFRQVXPSWLRQSRLQWV

x 'LUHFWGULYHDQGKHQFHQREHOWORVVHV

x &DSDFLW\ DQG SUHVVXUH PHDVXUHG DW

FRPSUHVVRUGLVFKDUJHLQFOXGLQJDIWHUFRROHUV

DQGWKHUHLVQRLQFUHDVHRISRZHU

x 0HDVXUHPHQWDVSHU,62

x +DYHKLJKHUSRZHUFRQVXPSWLRQ

x 7KHUH DUH KRZHYHU D ORW RI KLGGHQ SRZHU

FRQVXPSWLRQSRLQWVOLNH

 %HOWORVVHVWKHVHDFFRXQWIRUSRZHUORVV

DVSHU%6SDUWLLZKLFKLVQRWFRQVLGHUHG

 3UHVVXUHGURSLQDIWHUFRROHUQRWFRQVLGHUHG

ZKLFKPHDQVDQRWKHULQFUHDVHLQSRZHU

FRQVXPSWLRQ

  6SDFH5HTXLUHPHQW 1RLVH/HYHO

 x 6FUHZ FRPSUHVVRUV UHTXLUH MXVW 

3HUFHQWRIDUHDIRULQVWDOODWLRQ

x $OOFRPSRQHQWVLQFOXGLQJLQWHJUDWHGGU\HULQ

RQH FRPSOHWH SDFNDJH LQ WKH FDQRS\ 1R

6HSDUDWH IORRU DUHD RU SRZHU VRXUFH LV

5HTXLUHG,WLVEHLQJPRQLWRUHGE\WKHVDPH

&RQWUROSDQHO

x 1RLVHOHYHOLVOHVVWKDQGED

x 5HFLSURFDWLQJ FRPSUHVVRUV DUH JHQHUDOO\

SHUPDQHQWO\ IRXQGHG 5HORFDWLRQ LV YLUWXDOO\

LPSRVVLEOH

x $OOFRPSRQHQWVKDYHWREHVHSDUDWHO\LQVWDOOHG

GHPDQGLQJPRUHIORRUVSDFH

x 1RLVHOHYHOLVDERYHGED