35,1&(66%HDXWLIXO H[DPSOH RI WKLV VSDFLRXV WKUHH FDELQ À\EULGJH
FUXLVHU ZLWK WZLQ&$7 KS GLHVHOV ZLWK HOHFWURQLF FRQWUROV UDGDU*36
FKDUW SORWWHU DXWRSLORW OHDWKHU UHYHUVH F\FOH DLU FRQGLWLRQLQJ SDVVHUHOOH
UHPRWH ERZ DQG VWHUQ WKUXVWHUV VDWHOOLWH 7 9 ZDVKHU GU\HU JHQHUDWRU ELPLQL
QHZ FDQRS\ DQG À\EULGJH FRYHUV QHZ 6LOYHUWH[ FRFNSLW DQG À\EULGJH
XSKROVWHU\ 2 FW IXOO&$7VHUYLFH KLVWRU\ VLQFH 6HUYLFHG SROLVKHG DQG
DQWLIRXOHG ZLWK WKUHH PRQWK 8. HQJLQH ZDUUDQW\ 3DUW H[FKDQJH FRQVLGHUHG
,1& 9$ 7 /\LQJ ,SVZLFK
%5$1' 1(: )$,5/,1( 648$'5219ROYR
3HQWD ' KS( 9 &HQJLQHV KHDWLQJ WR DOO FDELQV
KHDGV VFUHHQ GHPLVWHUV À\EULGJH SDFN ZLWK
LFHPDNHU ZDWHU ¿OWHU UHIULJHUDWRU %%4 WHDN
À\EULGJH WDEOH ZLWK VXQEHG FRQYHUVLRQ *DUPLQ
$XWRSLORW DQG WRXFK VFUHHQ SORWWHU UHSHDWHG OHDWKHU
WHDN ÀRRULQJ DQG EHUWK FRQYHUVLRQ WR VDORRQ PRRG
OLJKWLQJ ERZWKUXVWHU KROGLQJ WDQN ZLWK PDFHUDWRU
JORVV ZDOQXW ¿QLVK GLQLQJ FDQRS\ DQG PXFK PRUH
,1& 9$ 7 /\LQJ ,SVZLFK%5$1' 1(: )$,5/,1( 7$5$23(19ROYR
3HQWD ' KS GLHVHO HQJLQHV KLJKORZ K\GUDXOLF
EDWKLQJ SODWIRUP ERZWKUXVWHUDUPLQ36 PDS
ZLWK ́ WRXFK VFUHHQ GLVSOD\DUPLQ DXWRSLORW ́
7 9 KHDWLQJ WHDN FRFNSLW DQG EDWKLQJ SODWIRUP EOXH
PRRG OLJKWLQJ KROGLQJ WDQN %%4 OHDWKHU WR VDORRQ
ZLWK ZDOQXW JORVV ¿QLVK WHDN IROGLQJ FRFNSLW WDEOH ZLWK
VXQEHG FRQYHUVLRQ 3DUW H[FKDQJH ZHOFRPH
,1& 9$ 7 /\LQJ /LQFROQ
)$,5/,1( 648$'5219ROYR '¶V
KRXUV SURSRUWLRQDO ERZVWHUQ WKUXVWHUV ZLWK
UHPRWH UHPRWH FRQWURO IRU HQJLQHVWKUXVWHUV MR\VWLFN
FRQWURO DLU FRQGLWLRQLQJ JHQHUDWRU SDVVHUHOOHGLQJK\
FUDQH SORWWHUV UDGDU DXWRSLORW 9+) VDW 7 9GRPH
%RVH DXGLR HOHFWULF OLIW 7 9 IUHH]HU GLVK ZDVKHU
ZDVKHUGU\HU ZHW EDU ZLWK JULOO IULGJH DQG LFH PDNHU
ORZ OHYHO /('6 V\QWKHWLF WHDN WR GHFNV DQG À\EULGJH
,1& 9$ 7 /\LQJ ,SVZLFK 6($/,1( 79ROYR 3HQWD ' KS
GLHVHOV RQ VKDIWV ZLWK ORZ KRXUV ERZ DQG VWHUQ
WKUXVWHUV 5 D\PDULQH( SORWWHU UDGDU DXWRSLORW
VWHUQ ZLQFKHV DLU FRQGLWLRQLQJ NYD JHQHUDWRU
SDVVHUHOOH OHDWKHU VDORRQ XSJUDGH DQG 0RYLGD
WR FRFNSLW KROGLQJ WDQN GLVKZDVKHU /('GHFN
OLJKWV %%4 DQG PXFK PRUH 3ULFHG WR VHOO ZLWK SDUW
H[FKDQJH RSWLRQ DYDLODEOH
,1& 9$ 7 /\LQJ ,SVZLFK 35,1&(66 97ZLQ 9ROYR 3HQWD '
( 9 &HQJLQHV VHUYLFHG -XO\ JDUDJH WHOHVFRSLF
SDVVHUHOOH FRFNSLW ZHWEDU DQG %%4 ERZWKUXVWHU*DUPLQ
*36 DXWRSLORW DLU FRQGLWLRQLQJ JHQHUDWRU FUHDP
OHDWKHU HOHFWULF ÀXVK KHDGV DQG VR PXFK PRUH 6XSSOLHG
VHUYLFHG SROLVKHG DQG DQWLIRXOHG ZLWK WKUHH PRQWK 8.
HQJLQH ZDUUDQW\
,1& 9$ 7 /\LQJ ,SVZLFK%5$1' 1(: -($11($8/($'(5 7 ZLQ 9ROYR
3HQWD ' KS HQJLQHV ZLWK MR\VWLFN FRQWURO HOHFWULF
KDUG WRS 5 D\PDULQH HOHFWURQLFV SDFN 3UHPLHUH
XSJUDGHG WULP OHYHO FRPIRUW SDFN DIW FDQRS\ FRFNSLW
VSRWOLJKW FRFNSLW IULGJH KHDWLQJ UHPRYDEOH FDUSHWV
WHDN FRFNSLW ÀRRU DQG IURQW VXQGHFN FXVKLRQV 3DUW
H[FKDQJH ZHOFRPH$YDLODEOH IURP VWRFN QRZ
,1& 9$ 7 /\LQJ /LQFROQ6($/,1( 6)LQH H[DPSOH RI WKLV VSDFLRXV
VSRUWV FUXLVHU ZLWK WZLQ 9ROYR 3HQWD .$'('&
KS GLHVHOV 5 D\PDULQH FKDUW SORWWHU UDGDU 9+)
VHDUFK OLJKW WULP WDEV HOHFWULF ÀXVK WRLOHWV WR KROGLQJ
WDQN +RQGD NYD JHQHUDWRU KHDWLQJ DQG ZLQGVFUHHQ
GHPLVWHUV 3DUW H[FKDQJH PD\ EH FRQVLGHUHG
,1& 9$ 7 /\LQJ /LQFROQ
1,0%86&283( 0RGHO ZLWK VLQJOH
9ROYR 3HQWD ' GLHVHO HQJLQH ZLWK( 9 &FRQWUROV RQ
VKDIW ERZWKUXVWHU 5 D\PDULQH5& FKDUW SORWWHU
5 D\PDULQH 9+) 5 D\PDULQH DXWRSLORW ZLQGODVV
UHPRWH VHDUFK OLJKW WHDN EDWKLQJ SODWIRUP VHD WRLOHW
WR KROGLQJ WDQN WUDQVRP VKRZHU DQG PXFK PRUH
([FHOOHQW H[DPSOH 3DUW H[FKDQJH PD\ EH FRQVLGHUHG
,1& 9$ 7 /\LQJ /LQFROQ 35,1&(66 7 ZLQ 9ROYR 3HQWD KS
GLHVHOV JHQHUDWRU KHDWLQJ WHDN DQG KROO\ JDOOH\ ÀRRU
OHDWKHU 5 D\PDULQH SORWWHU*DUPLQ SORWWHU UDGDU
KLQJHG DUFK JHDU DXWRSLORW$,6 9+) ERZWKUXVWHU ZLWK
UHPRWH URSH FXWWHUV VWDLQOHVV VDORRQ GRRUV GDYLWV
ORZHU KHOP&&79 WR )O\EULGJH UHFHQW FRFNSLW FDQRS\
QHZ EDWWHULHV DQG PXFK PRUH 0XVW EH VHHQ
,1& 9$ 7 /\LQJ ,SVZLFK6($/,1( 6 0RGHO ZLWK WZLQ 9ROYR
3HQWD .$' KS GLHVHOV ERZWKUXVWHU WHDN
FRFNSLW(EHUVSDFKHU KHDWLQJ KROGLQJ WDQN HOHFWULF
ZLQGODVV 5 D\PDULQH& SORWWHU ZLWK*36 JROG FKLS
DQG NZ 5 DGRPH VQDS GDYLWV FRFNSLW ZHW EDU ZLWK
IULGJH UHPRWH VSRW OLJKW QHZ FDQRS\ 3RZHU
SROLVKHG DQG DQWLIRXOHG -XO\
,1& 9$ 7 /\LQJ /LQFROQ%: /,1&2/1 %XUWRQ :DWHUV 0DULQD %XUWRQ /DQH (QG %XUWRQ :DWHUV /LQFROQ /1:1 7HO
%: ,36:,&+ ,SVZLFK +DYHQ 0DULQD 1HZ &XW (DVW ,SVZLFK 6XIIRON ,3($7HO /LQFROQ_ ,SVZLFK
VDOHV#EXUWRQZDWHUVFRXN ZZZEXUWRQZDWHUVFRXN35,1&(66)/<%5,'*( 0RGHO ZLWK
WZLQ 9ROYR 3HQWD7$0'('&KS HQJLQHV
JHQHUDWRU UHYHUVH F\FOH DLU FRQGLWLRQLQJ SDVVHUHOOH
ERZWKUXVWHU DXWRSLORW SORWWHUUDGDU QHZ FDQRS\
DQG À\EULGJH FRYHU QHZ H[WHUQDO 0RYLGD XSKROVWHU\
(QJLQHV VHUYLFHG SROLVKHG DQG DQWLIRXOHG
-XQH 6XSSOLHG ZLWK WKUHH PRQWK 8. HQJLQH
ZDUUDQW\ 3DUW H[FKDQJH ZHOFRPH
,1& 9$ 7 /\LQJ ,SVZLFK
6($/,1( 7 7 ZLQ 9ROYR 3HQWD7$0'('&
GLHVHOV ERZWKUXVWHU FKDUW SORWWHUV UDGDU DXWRSLORW
9+) KHDWLQJ JHQHUDWRU SDVVHUHOOHGLQJK\ FUDQH WZR
ODUJH IULGJHV /&' 7 9 VDWHOOLWH 7 GRPH QHZ FRFNSLW
FDQRS\ DQG À\EULGJH WRQQHDX QHZ FRFNSLW
XSKROVWHU\ LQ 0RYLGD VDQG 3DUW H[FKDQJH
FRQVLGHUHG
,1& 9$ 7 /\LQJ ,SVZLFK-($11($81& 7 ZLQ 9ROYR 3HQWD ' KS
GLHVHOV ZLWK ORZ KRXUV ERZWKUXVWHU*DUPLQ*36 PDS
5 D\PDULQH 6 7 DXWRSLORW HOHFWULF ZLQGODVV
HOHFWULF WRLOHW WR KROGLQJ WDQN WHDN FRFNSLW DQG ORWV
PRUH 6XSSOLHG VHUYLFHG SROLVKHG DQG DQWLIRXOHG ZLWK
WKUHH PRQWK HQJLQH ZDUUDQW\ 3DUW H[FKDQJH RSWLRQ
DYDLODEOH
/\LQJ /LQFROQ 35,1&(66 7 ZLQ 9ROYR 3HQWD KS
7$0' 3¶V ZLWK RQO\ KRXUV JHQHUDWRU FKDUW
SORWWHU UDGDU DXWRSLORW KHDWLQJ ERZ WKUXVWHUV QHZ
FDQRS\ QHZ H[WHUQDO XSKROVWHU\ QHZ FDUSHWV WHDN
FRFNSLW DQG À\EULGJH VWDLUV DQG PXFK PRUH 6XSSOLHG
VHUYLFHG SROLVKHG DQG DQWLIRXOHG 2 FWREHU ZLWK
WKUHH PRQWK 8. HQJLQH ZDUUDQW\ 3DUW H[FKDQJH
ZHOFRPH
,1& 9$ 7 /\LQJ ,SVZLFK%2$^7
2)7+( 0217+($67 &2$67 '($/(5