0DQXDOH SHU RIILFLQD

)DPLJOLD 

7/DF

 ,7

(GL]LRQH 
 ,QGLFH
J
 ,QIRUPD]LRQL JHQHUDOL
,QIRUPD]LRQL SURGRWWR                                                 
0DQXDOH XVR H PDQXWHQ]LRQH                                           
'HVFUL]LRQH JHQHUDOH FDUUHOOR                                            
'HILQL]LRQH GHO VHQVR GL PDUFLD                                          
3RVL]LRQDPHQWR WDUJKHWWH                                              
3XQ]RQDWXUD PDWULFROD VXO WHODLR                                          
'DWL WHFQLFL                                                         
'LPHQVLRQL H SHVL EDWWHULH                                              
7UDVSRUWR GHO FDUUHOOR                                                  
&DULFR H VFDULFR FDUUHOOR                                                

1RUPH GL VLFXUH]]D                                                 

'HVFUL]LRQH GHL VLPEROL VXOOD VLFXUH]]D                                    
2SHUD]LRQL SUHOLPLQDUL DOOD PDQXWHQ]LRQH                                  
(YLWDUH JOL LQFLGHQWL                                                   
1RUPH GL VLFXUH]]D JHQHUDOL                                            
1RUPH GL VLFXUH]]D UHODWLYH D PDWHULDOL GL HVHUFL]LR                           

 $VVLVWHQ]D WHFQLFD
0DQXWHQ]LRQH                                                       
*HQHUDOLWÑ                                                          
7DEHOOD VLQRWWLFD GHOOH RSHUD]LRQL GL PDQXWHQ]LRQH                            
7DEHOOD ULIRUQLPHQWL                                                   

 'LDJQRVWLFD
&RQQHWWRUL SHU OD GLDJQRVWLFD                                          
&RQQHWWRUH SHU OD GLDJQRVWLFD                                            

'LDJQRVWLFD LPSLDQWR &XUWLV                                           

6RIZDUH SHU OD GLDJQRVWLFD LPSLDQWR &XUWLV                                  
'HVFUL]LRQH GHL 0HQX                                                 
7DEHOOH SDUDPHWUL FRQWUROOR HOHWWURQLFR                                    
/LVWD DOODUPL                                                        

 0RWRUH
0RWRUH WUD]LRQH                                                      
6PRQWDJJLR PRWRUH WUD]LRQH HG (QFRGHU                                   
6PRQWDJJLR FXVFLQHWWR VHQVRUL]]DWR R (1&2'(5                            

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  ,

,QGLFH
J
 5LGXWWRUH
6PRQWDJJLR  5LPRQWDJJLR GHO ULGXWWRUH                                 
'LVHJQR ULGXWWRUH                                                    
6PRQWDJJLR H ULPRQWDJJLR ULGXWWRUH                                       
5HYLVLRQH JUXSSR ULGXWWRUH                                              

0DQXWHQ]LRQH ULGXWWRUH                                               

'HVFUL]LRQH GHO ULGXWWRUH                                               
,VWUX]LRQL SHU PRQWDJJLR DVVLVWHQ]D VXO ULGXWWRUH                             
5HJROD]LRQH GHO VLVWHPD GL LQJUDQDJJL FRQLFL                                
6H]LRQH ULGXWWRUH                                                    

 &DUUR
&RIDQL                                                              
$FFHVVLELOLWÑ LQWHUQD                                                   
6PRQWDJJLR FRIDQL                                                    

6WHU]R
7LPRQH                                                               
6PRQWDJJLR WHVWD WLPRQH H VRVWLWX]LRQH VFKHGD WLPRQH                           
6PRQWDJJLR WLPRQH                                                     
6PRQWDJJLR VXSSRUWR WLPRQH                                              

 5XRWH
5XRWH                                                              
&RQWUROOR VHUUDJJLR UXRWH                                               
&RQWUROOR VWDWR GL XVXUD UXRWH                                            
6PRQWDJJLR H ULPRQWDJJLR UXRWD WUD]LRQH                                   
6PRQWDJJLR H ULPRQWDJJLR UXRWD SLYRWDQWH                                  

 ,PSLDQWR HOHWWULFR HG HOHWWURQLFR

,PSLDQWR HOHWWULFR  HOHWWURQLFR LQ JHQHUDOH                              
6FKHPD IXQ]LRQDOH FRQWUROOR HOHWWURQLFR                                    
&DUDWWHULVWLFKH SULQFLSDOL GHOOಫLPSLDQWR HOHWWURQLFR                             
,QJUHVVL H XVFLWH LPSLDQWR œ &XUWLV ¬                                       
6RVWLWX]LRQH IXVLELOL                                                   

%DWWHULH                                                             
,QGLFDWRUH VWDWR EDWWHULD H FRQWDRUH                                        
,QGLFDWRUH D OHG                                                      

,, 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 ,QGLFH
J
6RVWLWX]LRQH EDWWHULD                                                  
9HULILFD OLYHOOR H GHQVLWÑ HOHWWUROLWD                                         
5LFDULFD GHOOD EDWWHULD                                                 

&RPSRQHQWL ,GUDXOLFL
&HQWUDOLQD ,GUDXOLFD                                                    
6RVWLWX]LRQH FHQWUDOLQD LGUDXOLFD                                            
0DQXWHQ]LRQH FHQWUDOLQD LGUDXOLFD                                          

6LVWHPD VXSSRUWR FDULFR

7LUDQWL H OHYHULVPL                                                      
5LPR]LRQH OHYHULVPL                                                    
5LPR]LRQH H VRVWLWX]LRQH ERFFROH                                          

$SSHQGLFH

$ 6FKHPL
6FKHPL (OHWWULFL                                                       $
6FKHPD GL FROOHJDPHQWR HOHWWULFR NJNJ  IRJOLR                      $
6FKHPD GL FROOHJDPHQWR HOHWWULFR NJNJ  IRJOLR                      $
6FKHPD GL FROOHJDPHQWR HOHWWULFR NJ  IRJOLR                            $
6FKHPD GL FROOHJDPHQWR HOHWWULFR NJ  IRJOLR                            $

6FKHPL ,GUDXOLFL                                                      $

6FKHPD GL FROOHJDPHQWR LGUDXOLFR     .J                             $
6FKHPD GL FROOHJDPHQWR LGUDXOLFR   .J                                  $

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  ,,,

 ,QIRUPD]LRQL JHQHUDOL 
D

,QIRUPD]LRQL SURGRWWR
0DQXDOH XVR H PDQXWHQ]LRQH
,O SUHVHQWH FDSLWROR ULSRUWD DOFXQL HVWUDWWL GDO PD
QXDOH XVR H PDQXWHQ]LRQH ULWHQXWL GL LQWHUHVVH
SHU LO WHFQLFR GL DVVLVWHQ]D

127$

&RQVXOWDUH LO PDQXDOH XVR H PDQXWHQ]LRQH GHO

FDUUHOOR SHU LQIRUPD]LRQL GHWWDJOLDWH UHODWLYD
PHQWH DOOಫXVR GHO FDUUHOOR

'HVFUL]LRQH JHQHUDOH FDUUHOOR

,O FDUUHOOR KD OH VHJXHQWL FDUDWWHULVWLFKH ಴ ,O FDUUHOOR Ù XQ WUDVSRUWDWRUH FRQ SLFFROD DOWH]]D
GL VROOHYDPHQWR PXQLWR GL IRUFKH DWWH DO VROOH
಴ ¹ XQ YHLFROR VX UXRWH SHU LO WUDVSRUWR GL FDULFR
YDPHQWR GD WHUUD HG DO WUDVSRUWR GL SDOOHW
಴ /D IRQWH GL HQHUJLD Ù D EDWWHULD GL DFFXPXODWRUL
಴ 'DWD OD VXD FRVWUX]LRQH VHUYH D WUDVSRUWDUH
಴ /D JXLGD Ù D WLPRQH FDULFKL EHQ GHILQLWL QHOOH GLPHQVLRQL GL SHVR H
YROXPH

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 ,QIRUPD]LRQL JHQHUDOL
,QIRUPD]LRQL SURGRWWR
'HILQL]LRQH GHO VHQVR GL PDUFLD

OM1385

,O VHQVR GL PDUFLD Ù GHILQLWR QHO VHJXHQWH PRGR

$ 6HQVR GL PDUFLD YHUVR OH IRUFKH PDUFLD ,Q
GLHWUR
% 6HQVR GL PDUFLD YHUVR OಫRSHUDWRUH PDUFLD
$YDQWL
,O VHQVR GL PDUFLD SUHIHUHQ]LDOH Ù TXHOOR œ % ¬

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 ,QIRUPD]LRQL JHQHUDOL 
,QIRUPD]LRQL SURGRWWR
3RVL]LRQDPHQWR WDUJKHWWH

max 1600 kg
Type-Modèle-Tip / Serial no-No de série-Serien-Nr / year-année-Baujahr

Rated capacity
/
Unladen mass
/ 2
Capacité nominale kg Masse à vide kg
Nenn-Tragfähigkeit Leergewicht
Battery voltage Battery mass max kg
Tension batterie V Masse batterie
batteriespannung Batterie gew. min* kg

Rated drive power Ballast weight *

Puissance motr. nom. kW Poids additionnel kg
Nenn-Anfriebsleist Zusatzgewicht.
* see Operating instructions
voir Mode d’emploi
siehe Betriebsanleitung

OM1377
 7DUJKHWWD LGHQWLILFD]LRQH FDUUHOOR
 7DUJKHWWD GHOOH SRUWDWH

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 ,QIRUPD]LRQL JHQHUDOL
,QIRUPD]LRQL SURGRWWR
3XQ]RQDWXUD PDWULFROD VXO WHODLR
¾ /D PDWULFROD GHO FDUUHOOR ROWUH FKH VXOOD WDU
JKHWWD GL LGHQWLILFD]LRQH YLHQH SXQ]RQDWD VXO
WHODLR QHOOD SRVL]LRQH PRVWUDWD LQ ILJXUD

127$

3HU YLVXDOL]]DUH OD PDWULFROD VXO WHODLR Ù QHFHVVD

ULR WRJOLHUH LO FRIDQR LQ SODVWLFD

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 ,QIRUPD]LRQL JHQHUDOL 
,QIRUPD]LRQL SURGRWWR
'DWL WHFQLFL

&DUDWWHULVWLFKH
*UXSSR SURSXO
VRUH HOHWWU GLH
 (OHWWULFR
VHO EHQ]LQD JDV
HOHWWU D UHWH
*XLGD WLPRQH
DG DFFRPSDJQ
 7LPRQH
LQ SLHGL VHGXWR
FRPPLVVLRQ
 3RUWDWD  &DULFR 4 W   
F PP 
 %DULFHQWUR 
'LVWDQ]D FDULFR
 GD DVVH UXRWD GL [ PP 
FDULFR
'LVWDQ]D WUD JOL
 \ PP          
DVVL

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 ,QIRUPD]LRQL JHQHUDOL
,QIRUPD]LRQL SURGRWWR
3HVL
3HVR SURSULR
 NJ     
VHQ]D EDWWHULD
&DULFR SHU DVVH D
       
 FDULFR DQWHULRUH  NJ    
       
SRVWHULRUH
&DULFR SHU DVVH D
       
 YXRWR DQWHULRUH NJ    
       
 SRVWHULRUH
5XRWH 7HODLR
*RPPDWXUD
SLHQD VXSHUHODV
 *RPPD 3ROLXUHWDQR
SQHXPDWLFR
SROLXUHWDQR
'LPHQVLRQL UXRWH
 PP é  [   é  [ 
DQWHULRUL
'LPHQVLRQL UXRWH
 PP é  [
SRVWHULRUL
5XRWH TXDQWLWÑ
DQWHULRUL 
 [    
SRVWHULRUL [
PRWULFH
&DUUHJJLDWD
 E PP 
DQWHULRUH
&DUUHJJLDWD
 E PP     
SRVWHULRUH
'LPHQVLRQL
 6ROOHYDPHQWR K PP 
$OWH]]D WLPRQH
 LQ SRVL]LRQH GL K PP   
PDUFLD PLQ  PD[
$OWH]]D IRUFKH
 K PP 
DEEDVVDWH
 /XQJKH]]D WRWDOH , PP     
/XQJKH]]D
 FRPSUHVD VSDOOD , PP     
IRUFKH
 /DUJKH]]D WRWDOH E PP 
 'LPHQVLRQL IRUFKH VHO PP      
6FDUWDPHQWR
 E PP     
HVWHUQR IRUFKH
/XFH OLEHUD D
FDULFR VRWWR DO
 P PP 
PRQWDQWH GL
VROOHYDPQWR
&RUULGRLR GL ODYRUR
SDOOHW [ $VW
     
LQIRUFDPHQWR PP

&RUULGRLR GL ODYRUR
$VW
 SDOOHW [     
PP
LQIRUFDPHQWR 
 5DJJL GL FXUYDWXUD :D PP     

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 ,QIRUPD]LRQL JHQHUDOL 
,QIRUPD]LRQL SURGRWWR
3UHVWD]LRQL
9HORFLWÑ GL
 WUDVOD]LRQH NPK   
FDULFR  YXRWR
9HORFLWÑ GL
 VROOHYDPHQWR PV         
FDULFR  YXRWR
9HORFLWÑ GL
 GLVFHVD FDULFR  PV         
YXRWR
3HQGHQ]D
 VXSHUDELOH .% , 
FDULFR  YXRWR
0D[ SHQGHQ]D
        
 VXSHUDELOH          
FRQVHQ]D FDULFR
 )UHQR GL HVHUFL]LR (OHWWULFR
0RWRUH HOHWWULFR
0RWRUH WUD]LRQH
 SUHVWD]LRQH .% N: 
,
0RWRUH VROOHYD
 PHQWR SUHVWD N:  
]LRQH  ('
%DWWHULD VHFRQGR %ULWLVK
',1 %ULWLVK ',1
 ',1  6WDQ ',1  %
 % 6WDQGDUG  %
$ % & GDUG
 
7HQVLRQH  &DSD  
 9  $K        
FLWÑ QRPLQDOH  
 
3HVR EDWWHULD       
 NJ    
      
$OWUR
 7LSR FRPDQGR (OHWWURQLFR
5XPRURVLWÑ
 DOOಫRUHFFKLR GHO G% $ 
FDUUHOOLVWD

 , YDORUL GHOOD WDEHOOD VRQR UHODWLYL D IRUFKH O

 PP
 &RQ EDWWHULD  9   $K
 &RQ EDWWHULD  9   $K
 3HU OH OXQJKH]]H GLYHUVH YHGHUH OD WDEHOOD VRWWR
LO ILJXULQR

)RUFKH %DWWHULD %ULWLVK 6WDQGDUG %DWWHULD ',1 6WDQGDUG

O F [ \ O :D \ O :D
        
        
        
        

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 ,QIRUPD]LRQL JHQHUDOL
,QIRUPD]LRQL SURGRWWR
        
TXRWH HVSUHVVH LQ PLOOLPHWUL

'DWL WHFQLFL YHUVLRQH G

'LPHQVLRQL H SHVL EDWWHULH

5LIHULPHQWL
&DUDWWHULVWLFKH JHQHUDOL EDWWHULD 5LIHULPHQWL (1 
',1
6HULH
7HQ &DSDFLWÑ 'LPHQVLRQL 3HVR 6LJOD HOH H WLSR /XQJKH]]D
0RUVHWWL
VLRQH 9 $K¢ PP NJ¢ PHQWR HOH HOHPHQWR PP
PHQWR
 [ 
    3]6  / /&  D YLWH
[ 
 [ 
    3]6  / /)  D YLWH
[ 
 [ 
    /)  D YLWH
[ 
 [ 
    (&  D YLWH
[ 
 [ 
    ((  D YLWH
[ 

7UDVSRUWR GHO FDUUHOOR

1RUPDOPHQWH LO FDUUHOOR YLHQH WUDVSRUWDWR VXL
PH]]L VWUDGDOL H IHUURYLDUL 1HO FDVR LO FDUUHOOR
VLD GL GLPHQVLRQL WDOL GD HFFHGHUH OH GLPHQVLRQL
OLPLWH DPPHVVH YLHQH WUDVSRUWDWR VPRQWDWR /R
VPRQWDJJLR HG LO ULPRQWDJJLR VRQR D FXUD GHOOD
UHWH GL YHQGLWD 'XUDQWH LO WUDVSRUWR Ù QHFHVVDULR
EORFFDUH LO FDUUHOOR DO PH]]R GL WUDVSRUWR WUDPLWH
RSSRUWXQL VLVWHPL GL WUDWWHQLPHQWR %ORFFDUH OH OM0747
UXRWH FRQ FXQHL LQ PRGR GD HYLWDUH DQFKH LO SLê
SLFFROR PRYLPHQWR

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 ,QIRUPD]LRQL JHQHUDOL 
,QIRUPD]LRQL SURGRWWR

&DULFR H VFDULFR FDUUHOOR

3HU LO FDULFR H VFDULFR GHO FDUUHOOR LPSLHJDUH XQD
JUX RG XWLOL]]DUH XQ SLDQR LQFOLQDWR R XQD SHGDQD
PRELOH GL SHQGHQ]D H UHVLVWHQ]D VWUXWWXUDOH FRP
SDWLELOL FRQ OH SHUIRUPDQFH GLFKLDUDWH GDO FRVWUXW
WRUH QRQFKÙ HQWUDPEL DGHJXDWDPHQWH SRVL]LRQDWL
HG DQFRUDWL 

3(5,&2/2 1
3HU LO VROOHYDPHQWR XWLOL]]DUH XQD JUX GL SRUWDWD DGHJX
DWD ULVSHWWR DO SHVR GHO FDUUHOOR LQGLFDWR QHOOD WDUJKHWWD
GDWL 7HQHUH FRQWR DQFKH GHO SHVR GHOOD EDWWHULD
HYHQWXDOPHQWH PRQWDWD IDFHQGR ULIHULPHQWR DOOD
WDUJKHWWD GL LGHQWLILFD]LRQH UHODWLYD /H RSHUD]LRQL GL
VROOHYDPHQWR GHYRQR HVVHUH HIIHWWXDWH GD SHUVRQDOH
TXDOLILFDWR 121 VRVWDUH QHO UDJJLR GL D]LRQH GHOOD
JUX LQ SURVVLPLWÑ GHO FDUUHOOR 8WLOL]]DUH IXQL 121
0(7$//,&+( 9HULILFDUH FKH OD SRUWDWD GHOOH IXQL VLD
DGHJXDWD DO SHVR GHO FDUUHOOR
2
¾ 3HU VROOHYDUH LO FDUUHOOR DJJDQFLDUH OD IXQH 
GL FDSDFLWÑ DGHJXDWD DO SHVR GHO FDUUHOOR QHO
SXQWR  VXOOD FDUUR]]HULD WUDPLWH OಫDXVLOLR GL
XQ JROIDUH TXLQGL FROOHJDUH OಫDOWUR FDSR GHOOH
IXQL DO JDQFLR GL XQD JUX

3(5,&2/2
4XDOVLDVL DOWUR PHWRGR GL VROOHYDPHQWR H WUDVSRUWR GHO
FDUUHOOR QRQ Ù FRQVHQWLWR OM1379

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 ,QIRUPD]LRQL JHQHUDOL

1RUPH GL VLFXUH]]D
'HVFUL]LRQH GHL VLPEROL VXOOD VLFXUH]]D
4XHVWR GRFXPHQWR FRQWLHQH GHJOL DYYLVL UHODWLYL $99(57,0(172
DO SHULFROR &LDVFXQR GL WDOL DYYLVL FRQVLVWH LQ XQ
4XHVWR DYYLVR LQGLFD ULVFKL GL GDQQHJJLDPHQWR GHL FDU
VLPEROR JUDILFR VHJXLWR GDOOD GHVFUL]LRQH GHO SH UHOOR R GHOOH VXH SDUWL
ULFROR H GHOOH VXH FRQVHJXHQ]H H GDOOD GHVFUL
3Xã HVVHUH FRUUHGDWR GD FRPPHQWL DJJLXQWLYL
]LRQH GL FRPH HYLWDUOR OH WLSRORJLH G DYYLVR XWLOL]
]DWH VRQR GHVFULWWH GL VHJXLWR

3(5,&2/2 127$

4XHVWR DYYLVR LQGLFD OD SUHVHQ]D GL JUDYL ULVFKL SHU 4XHVWR VLPEROR LQGLFD FRPXQLFD]LRQL LPSRUWDQWL
OಫLQFROXPLWÑ GHOOಫRSHUDWRUH R GHO SHUVRQDOH DGGHWWR DOOD SHU LO WHFQLFR GL DVVLVWHQ]D
PDQXWHQ]LRQH
3Xã HVVHUH FRUUHGDWR GD FRPPHQWL DJJLXQWLYL
127$ 68//ಫ$0%,(17(

/H LQGLFD]LRQL TXL LQGLFDWH GHYRQR HVVHUH ULVSHW

$77(1=,21(
WDWH DOWULPHQWL VL SRVVRQR SURYRFDUH GDQQL DPEL
4XHVWR DYYLVR LQGLFD OD SUHVHQ]D GL ULVFKL GL JUDYL GDQQL HQWDOL
DO FDUUHOOR
3Xã HVVHUH FRUUHGDWR GD FRPPHQWL DJJLXQWLYL

2SHUD]LRQL SUHOLPLQDUL DOOD PDQXWHQ]LRQH

3ULPD GL HIIHWWXDUH OH RSHUD]LRQL GL PDQXWHQ]LRQH ಴ 6SHJQHUH LO FDUUHOOR
DJLUH FRPH VHJXH ಴ 3UHPHUH LO SXOVDQWH GL HPHUJHQ]D
಴ 3RVL]LRQDUH LO FDUUHOOR VX XQD VXSHUILFLH SLDQD
3(5,&2/2
HG DVVLFXUDUVL FKH QRQ FL SRVVDQR HVVHUH VSR
VWDPHQWL DFFLGHQWDOL 3ULPD GL HIIHWWXDUH TXDOVLDVL LQWHUYHQWR VXOOಫLPSLDQWR
HOHWWULFR VWDFFDUH OD SUHVD GL FRUUHQWH GHOOD EDWWHULD
಴ $EEDVVDUH FRPSOHWDPHQWH OH IRUFKH GDOOD UHODWLYD VSLQD

(YLWDUH JOL LQFLGHQWL

/D PDJJLRU SDUWH GHJOL LQFLGHQWL HG LQIRUWXQL FKH VL DOOH SRVVLELOL FDXVH GL LQFLGHQWH H DOOH ORUR FRQ
YHULILFDQR QHOOH RIILFLQH VRQR FDXVDWL GDOOD PDQ VHJXHQ]H DWWHQHQGRVL VFUXSRORVDPHQWH DOOH
FDWD RVVHUYDQ]D GL TXDOFKH VHPSOLFH H IRQGD QRUPH GL VLFXUH]]D
PHQWDOH UHJROD GL SUXGHQ]D H GL VLFXUH]]D
8Q PHFFDQLFR DWWHQWR H SUXGHQWH Ù OD PLJOLRUH
3HU TXHVWD UDJLRQH QHOOD PDJJLRUDQ]D GHL FDVL JDUDQ]LD FRQWUR JOL LQFLGHQWL
HVVL SRVVRQR HVVHUH HYLWDWL HVHUFLWDQGR OD QH
FHVVDULD FDXWHOD H SUXGHQ]D FRQ DWWHQ]LRQH

1RUPH GL VLFXUH]]D JHQHUDOL

಴ &RQVHQWLUH OಫXVR GHO FDUUHOOR DO VROR SHUVRQDOH ಴ 1RQ XWLOL]]DUH LO FDUUHOOR FRQ FRIDQL H VSRUWHOOL
TXDOLILFDWR LVWUXLWR H DXWRUL]]DWR DSHUWL
಴ 1RQ LQVWDOODUH DWWUH]]DWXUH VXO FDUUHOOR VH QRQ ಴ /H WDUJKHWWH GL VHJQDOD]LRQH SUHVHQWL VXO FDU
TXHOOH IRUQLWH R LQGLFDWH GDO FRVWUXWWRUH UHOOR GHYRQR HVVHUH PDQWHQXWH LQ EXRQH FRQ
಴ 0DQWHQHUH LO FDUUHOOR LQ SLHQD HIILFLHQ]D FRQ GL]LRQL H VRVWLWXLWH VH GDQQHJJLDWH
GL]LRQH QHFHVVDULD SHU OLPLWDUH DO PLQLPR TXDO ಴ 2VVHUYDUH DWWHQWDPHQWH H VHJXLUH WXWWH OH VH
VLDVL WLSR GL ULVFKLR JQDOD]LRQL GL VLFXUH]]D SUHVHQWL VXO FDUUHOOR

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 ,QIRUPD]LRQL JHQHUDOL 
1RUPH GL VLFXUH]]D
಴ )DUH DWWHQ]LRQH FKH FL VLD VXIILFLHQWH VSD]LR ಴ ,O FDULFR GHYH HVVHUH SRVL]LRQDWR VXOOH IRUFKH
OLEHUR VRSUD LO FDUUHOOR LQ PRGR WDOH FKH LO EDULFHQWUR GHO FDULFR FDGD
಴ 1RQ SDUFKHJJLDUH GDYDQWL D GLVSRVLWLYL DQWLQ VXOOD PH]]HULD WUD OH IRUFKH
FHQGLR R VFDOH GL VLFXUH]]D H FRPXQTXH LQ SR ಴ 1RQ PDUFLDUH FRQ FDULFKL GHFHQWUDWL ODWHUDO
VL]LRQH WDOH GD RVWDFRODUH LO WUDIILFR PHQWH ULVSHWWR DOOಫDVVH PHGLDQR GHO FDUUHOOR
಴ 6H LO FDUUHOOR PDQLIHVWD TXDOFKH DYDULD R URW /D PDQFDWD RVVHUYDQ]D GL TXHVWD QRUPD SXã
WXUD H FL VRQR UDJLRQL SHU ULWHQHUOR QRQ VLFXUR FRPSURPHWWHUH OD VWDELOLWÑ GHO FDUUHOOR
IHUPDUVL SDUFKHJJLDUH HG DYYLVDUH LO UHVSRQ ಴ $VVLFXUDUVL FKH LO ULSLDQR VX FXL VL DSSRJJLD LO
VDELOH GHOOD PDQXWHQ]LRQH FDULFR VLD LQ JUDGR GL VRSSRUWDUQH LO SHVR
಴ )DUH DWWHQ]LRQH DOOH GLVWDQ]H GDL FDYL DHUHL ಴ 8VDUH VHPSUH DEELJOLDPHQWR DQWLQIRUWXQLVWLFR
GHOOಫDOWD WHQVLRQH 5LVSHWWDUH OH GLVWDQ]H GL VHFRQGR OH QRUPH YLJHQWL
VLFXUH]]D SUHYLVWH GDOOH DXWRULWÑ FRPSHWHQWL ಴ 1RQ WUDQVLWDUH VX WHUUHQL QRQ VLVWHPDWL R DFFL
಴ 1RQ VROOHYDUH PDL LO FDULFR XVDQGR XQD VROD GHQWDOL R VX JUDGLQL
IRUFD ಴ 1RQ FXUYDUH R DFFDWDVWDUH VXOOH SHQGHQ]H
಴ 3RVL]LRQDUH LO FDULFR LQ DSSRJJLR DOOD SLDVWUD ಴ 1RQ VRYUDFFDULFDUH LO FDUUHOOR ROWUH L OLPLWL GL
SRUWDIRUFKH R FRPXQTXH LQ PRGR WDOH FKH LO SRUWDWD LQGLFDWL VXOOH DSSRVLWH WDUJKHWWH
EDULFHQWUR GHO FDULFR VLD LO SLê YLFLQR SRVVLELOH
DOOD SLDVWUD SRUWDIRUFKH

1RUPH GL VLFXUH]]D UHODWLYH D PDWHULDOL GL HVHUFL]LR

3UHVFUL]LRQL H VPDOWLPHQWR GL PDWHULDOL GL 3ULPD GL HVHJXLUH ODYRUL GL OXEULILFD]LRQH VRVWL
HVHUFL]LR WX]LRQH GL ILOWUL R LQWHUYHQWL QHOOಫLPSLDQWR LGUDXOLFR
OಫDUHD LQ TXHVWLRQH GHYH HVVHUH SXOLWD D IRQGR
127$ 68//ಫ$0%,(17( , SH]]L VRVWLWXLWL VL GHYRQR VPDOWLUH VHPSUH LQ FRQ
IRUPLWÑ DOOD OHJLVOD]LRQH DQWLQTXLQDPHQWR
/ಫXVR H OR VPDOWLPHQWR VFRUUHWWR GHL PDWHULDOL
GL HVHUFL]LR H SXOLWXUD SXã FDXVDUH JUDYL GDQQL
DOOಫDPELHQWH 127$ 68//ಫ$0%,(17(
8VDUH H PDQHJJLDUH L PDWHULDOL GL HVHUFL]LR VHP /ಫXVR VEDJOLDWR R DEXVLYR GL OLTXLGR SHU L IUHQL Ù
SUH LQ PRGR DGHJXDWR H ULVSHWWDUH VHPSUH OH SUH QRFLYR DOOD VDOXWH H DOOಫDPELHQWH
VFUL]LRQL GHO SURGXWWRUH SHU OಫXVR
&RQVHUYDUH L PDWHULDOL GL HVHUFL]LR VROWDQWR LQ FRQ 2OLL
WHQLWRUL SUHYLVWL D WDO VFRSR H LQ XQ OXRJR FKH VRG
಴ (YLWDUH LO FRQWDWWR FRQ OD SHOOH
GLVID OH SUHVFUL]LRQL
಴ 1RQ LQDODUH YDSRUL GಫROLR
, PDWHULDOL GಫHVHUFL]LR SRVVRQR HVVHUH LQILDPPD
಴ 'XUDQWH OH RSHUD]LRQL GL PDQXWHQ]LRQH DO FDU
ELOL GXQTXH HYLWDUH LO FRQWDWWR FRQ RJJHWWL FDOGL R
UHOOR LQGRVVDUH DGHJXDWL PH]]L GL SURWH]LRQH
ILDPPH OLEHUH
LQGLYLGXDOH JXDQWL RFFKLDOL HFF SHU HYLWDUH
3HU LO UDEERFFR GL PDWHULDOL GಫHVHUFL]LR GHYRQR LO FRQWDWWR GHOOಫROLR FRQ OD SHOOH
HVVHUH XVDWL VRODPHQWH UHFLSLHQWL SXOLWL
$WWHQHUVL DOOH LQGLFD]LRQL GL VLFXUH]]D H GL VPDO 127$ 68//ಫ$0%,(17(
WLPHQWR GHO SURGXWWRUH UHODWLYDPHQWH DL PDWHULDOL
GಫHVHUFL]LR H GL SXOLWXUD *OL ROL XVDWL IUHQL PRWRUH WUDVPLVVLRQH LG
UDXOLFKH H ULGXWWRUH H UHODWLYL ILOWUL FRQWHQJRQR
1RQ VSDUJHUH ROL R DOWUL OLTXLGL GಫHVHUFL]LR ,O OL VRVWDQ]H SHULFRORVH SHU OಫDPELHQWH H OR VPDO
TXLGR VSDUVR GHYH HVVHUH VXELWR UDFFROWR H QHX WLPHQWR GHJOL VWHVVL GHYH HVVHUH HIIHWWXDWR
WUDOL]]DWR FRQ XQ PDWHULDOH OHJDQWH SHU HVHPSLR VHFRQGR OH GLVSRVL]LRQL OHJDOL &RQVLJOLDPR GL
OHJDQWH GಫROLR SHU SRL HVVHUH VPDOWLWR LQ FRQIRU ULYROJHUVL DOOD UHWH GL DVVLVWHQ]D DXWRUL]]DWD
PLWÑ DOOH GLVSRVL]LRQL OHJDOL
2VVHUYDUH VHPSUH OH QRUPH GHOOH OHJJL DQWLQTXL
QDPHQWR

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 ,QIRUPD]LRQL JHQHUDOL
1RUPH GL VLFXUH]]D
3(5,&2/2 OD EDWWHULD Ù FDULFDWD GHYRQR HVVHUH FRQIRUPL
DOOH QRUPH VSHFLILFKH LQ PDWHULD HV &(,(1
/D SHQHWUD]LRQH QHOOD SHOOH GL ROLR LGUDXOLFR XVFLWR VRWWR
SUHVVLRQH GDOOಫLPSLDQWR LGUDXOLFR GHO FDUUHOOR Ù SHULFR  
ORVD ,Q FDVR GL WDOL OHVLRQL ULYROJHUVL LPPHGLDWDPHQWH ಴ ¹ YLHWDWR IXPDUH XWLOL]]DUH ILDPPH H OXFL OL
DG XQ PHGLFR EHUH QHO UDJJLR GL  P GDOOD EDWWHULD FDULFD H
QHOOಫDUHD GL FDULFD GHOOD EDWWHULD

3(5,&2/2
127$
3LFFROL JHWWL GL ROLR DG DOWD SUHVVLRQH SRVVRQR SHQHWUDUH
OD SHOOH &HUFDUH HYHQWXDOL SHUGLWH VHUYHQGRVL GL XQ 3HU PDJJLRUL LQIRUPD]LRQL FRQVXOWDUH LO PDQX
FDUWRQFLQR DOH VSHFLILFR GHOOD EDWWHULD DOOHJDWR DOOD EDWWHULD
VWHVVD
$FLGR EDWWHULD
಴ 1RQ LQDODUH LO YDSRUH Ù YHOHQRVR 127$ 68//ಫ$0%,(17(
಴ 8WLOL]]DUH DGHJXDWL PH]]L GL SURWH]LRQH LQGLYL /H EDWWHULH FRQWHQJRQR VRVWDQ]H SHULFRORVH SHU
GXDOH SHU HYLWDUH LO FRQWDWWR FRQ OD SHOOH OಫDPELHQWH /D VRVWLWX]LRQH H OR VPDOWLPHQWR GHOOD
಴ /ಫDFLGR GHOOD EDWWHULD Ù FRUURVLYR LQ FDVR GL EDWWHULD HVDXVWD GHYH HVVHUH HIIHWWXDWD VHFRQGR
FRQWDWWR FRQ OD SHOOH VFLDFTXDUH DEERQGDQWH OH GLVSRVL]LRQL OHJDOL &RQVLJOLDPR GL ULYROJHUVL
PHQWH FRQ DFTXD DOOD UHWH GL DVVLVWHQ]D DXWRUL]]DWD FKH Ù DWWUH]
಴ &DULFDQGR OD EDWWHULD VL SRWUHEEHUR IRUPDUH ]DWD SHU OR VPDOWLPHQWR QHO ULVSHWWR GHOOD QDWXUD H
PLVFHOH GL JDV HVSORVLYH SHUWDQWR L ORFDOL LQ FXL GHOOH QRUPH GL OHJJH

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 $VVLVWHQ]D WHFQLFD 
D

0DQXWHQ]LRQH
*HQHUDOLWÑ
3HU PDQWHQHUH LQ EXRQR VWDWR HG LQ VLFXUH]]D LO $77(1=,21(
YRVWUR FDUUHOOR HIIHWWXDUH L WDJOLDQGL SUHYLVWL GDOOH
,Q FDVR GL XVR LQ DPELHQWL SROYHURVL D WHPSHUDWXUH
RSHUD]LRQL GL PDQXWHQ]LRQH SURJUDPPDWD LQGL VRWWR OR ]HUR H SHU LPSLHJKL SDUWLFRODUPHQWH JUDYRVL RF
FDWL QHOOD œ WDEHOOD VLQRWWLFD GHJOL LQWHUYDOOL GL PD FRUUH ULGXUUH OಫLQWHUYDOOR WUD L YDUL LQWHUYHQWL GL PDQXWHQ
QXWHQ]LRQH ¬ VHJXHQWH ]LRQH SURJUDPPDWD

7DEHOOD VLQRWWLFD GHOOH RSHUD]LRQL GL PDQXWHQ]LRQH

2SHUD]LRQL ,QWHUYDOOL LQ RUH

  
,QJUDVVDJJLR WLUDQWL H OHYHULVPL
&RQWUROOR VWDWR GHOOH WXED]LRQL
&RQWUROOR OLYHOOR ROLR LPSLDQWR LGUDXOLFR
9HULILFD OLYHOOR ROLR ULGXWWRUH
&RQWUROOR ERFFROH H OHYHULVPL
&RQWUROOR UXRWH SLYRWDQWL
&RQWUROOR XVXUD IRUFKH
,QJUDVVDJJLR UDOOD ULGXWWRUH
9HULILFD GHOOಫLVRODPHQWR WUD WHODLR H LO FRQWUROOR HOHWWURQLFR
9HULILFD GHOOಫLVRODPHQWR WUD WHODLR H L PRWRUL HOHWWULFL SUHVHQWL
6RVWLWX]LRQH ROLR LPSLDQWR LGUDXOLFR

2JQL  RUH R DOPHQR RJQL  PHVL

127$ 68//ಫ$0%,(17(

'XUDQWH OH RSHUD]LRQH GL PDQXWHQ]LRQH DWWHQHUVL

D TXDQWR ULSRUWDWR QHO SDUDJUDIR œ 1RUPH GL VLFX
UH]]D UHODWLYH D PDWHULDOL GL HVHUFL]LR ¬ DOOಫLQWHUQR
GHO œ FDSLWROR  ¬

7DEHOOD ULIRUQLPHQWL

9HUVLRQH 9HUVLRQH
VWDQGDUG &HOOD )ULJR
2OLR SHU
ULGXWWRUH 7XWHOD 0DWUL[ 7XWHOD 0DWUL[
WUD]LRQH
4XDQWLWÑ OW  
2OLR SHU
LPSLDQWR ,GUDXOLFDU
7XWHOD *,0
LGUDXOLFR GL $3
VROOHYDPHQWR

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 $VVLVWHQ]D WHFQLFD
0DQXWHQ]LRQH
4XDQWLWÑ OW  
/XEULILFDQWH
7XWHOD 03  7XWHOD -27$
JHQHULFR

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 'LDJQRVWLFD 
D

&RQQHWWRUL SHU OD GLDJQRVWLFD

&RQQHWWRUH SHU OD GLDJQRVWLFD
¾ ,O FRQQHWWRUH SHU OD GLDJQRVWLFD SUHVHQWH VXO
SDQQHOOR HOHWWURQLFR Ù PRVWUDWR D ODWR GDOOD
IUHFFLD

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 'LDJQRVWLFD

'LDJQRVWLFD LPSLDQWR &XUWLV

6RIZDUH SHU OD GLDJQRVWLFD LP
SLDQWR &XUWLV
/D GLDJQRVWLFD DYYLHQH WUDPLWH LO VRIWZDUH œ 
3& 3URJUDPPLQJ 6WDWLRQ  6(59,&( ¬ LQVWDOODWR
VXOOಫDSSRVLWD YDOLJHWWD GL GLDJQRVWLFD
¾ ,O VRIWZDUH Ù UDSSUHVHQWDWR GDOOಫLFRQD D ILDQFR

¾ 6L XWLOL]]D LQROWUH LO FDYR FRPSRVWR GD

಴ œ  ¬ FDYR PROH[ 
಴ œ  ¬ FDYR GL LQWHUIDFFLD 

$77(1=,21(
/ಫXWLOL]]R GHOOಫXQLWÑ GL GLDJQRVWLFD GHYH HVVHUH HIIHWWX
DWR VROR GD SDUWH GL SHUVRQDOH DGGHVWUDWR /D YDULD]L
RQH GL DOFXQL SDUDPHWUL R FRQILJXUD]LRQL SXã FDXVDUH
VLWXD]LRQL GL SHULFROR SHU OಫRSHUDWRUH (V DXPHQWR YH
ORFLWÑ WUD]LRQH  

,VWUX]LRQL
$77(1=,21(
,O FROOHJDPHQWR GHYH HVVHUH HIIHWWXDWR FRQ FDUUHOOR
VSHQWR

¾ &ROOHJDUH LO 3& WUDPLWH OD JXDLQD GಫLQWHUIDFFLD

DO FRQQHWWRUH GHO WUDFWLRQ FRQWUROOHU
¾ 'DUH WHQVLRQH DO FDUUHOOR H FKLXGHUH LO FRQWDWWR
FKLDYH

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 'LDJQRVWLFD 
'LDJQRVWLFD LPSLDQWR &XUWLV
¾ &OLFFDUH VXOOಫLFRQD GHO SURJUDPPD

¾ 'XUDQWH LO FDULFDPHQWR GHO SURJUDPPD SHU

TXDOFKH VHFRQGR FRPSDUH OD VHJXHQWH YL
GHDWD

¾ 6XFFHVVLYDPHQWH FRPSDUH DXWRPDWLFDPHQWH

OD ILQHVWUD GHO SURJUDPPD œ  3& 3URJUDP
PLQJ 6WDWLRQ  6(59,&( ¬ 

¾ (QWUDUH QHO PHQX œ 2SWLRQV ¬ H FOLFFDUH VX

œ &KDQJH 3URWRFRO3RUW ¬

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 'LDJQRVWLFD
'LDJQRVWLFD LPSLDQWR &XUWLV
¾ &RPSDUH OD SUHVHQWH YLGHDWD 6HOH]LRQDUH
œ (QKDQFHG 6HULDO ¬ H FOLFFDUH VX œ &RQQHFW ¬

127$

಴ œ (QKDQFHG 6HULDO ¬ Ù XWLOL]]DWR SHU PRWRUL $&

಴ œ 6HULDO ¬ Ù XWLOL]]DWR SHU PRWRUL '&

¾ (QWUDUH QHO PHQX œ 2SWLRQV ¬ H LQ œ 8VHU

*URXS ¬ H VHOH]LRQDUH œ 6HUYLFH ¬

¾ $WWHQGHUH SHU FLUFD  PLQXWR ILQFKÙ FRPSDUH

OD YLGHDWD GHOOD SDJLQD SULQFLSDOH PRVWUDWD D
ILDQFR
¾ ,VWUX]LRQL UHODWLYH DL PHQê SULQFLSDOL ,O SUR
JUDPPD œ  3URJUDPPLJ 6WDWLRQ ¬ FRQ
WLHQH QXPHURVL PHQX FRQ DEELQDWH PROWH
IXQ]LRQL DOFXQH WLSLFKH GHL SURJUDPPL FKH
IXQ]LRQDQR LQ DPELHQWH 06:LQGRZV 1RQ Ù
SRVVLELOH VSLHJDUH WXWWH OH IXQ]LRQL SHU FXL FL
FRQFHQWUHUHPR VX TXHOOH SULQFLSDOL &RPXQ
TXH FKL YROHVVH DSSURIRQGLUH LO GLVFRUVR OR SXã
IDUH ULFKLDPDQGR QHO SURJUDPPD OD JXLGD LQ
OLQHD GL DLXWR œ +HOS ¬
¾ 3HU DFFHGHUH DL PHQX SULQFLSDOL RFFRUUH FOLF
FDUH FRQ LO WDVWR VLQLVWUR GHO PRXVH VXOOಫLFRQD
HYLGHQ]LDWD GDOOD IUHFFLD QHOOD ILJXUD D ODWR /D
VLJOD D ILDQFR GHOOಫLFRQD UDSSUHVHQWD LO PRGHOOR
GHO FRQWUROOR HOHWWURQLFR VLJOD LQ ILJXUD 


 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 'LDJQRVWLFD 
'LDJQRVWLFD LPSLDQWR &XUWLV
¾ 3HU DSULUH LO PHQê D WHQGLQD FOLFFDUH FRQ LO WD
VWR GHVWUR GHO PRXVH
6L SXã DFFHGHUH D XQR GHL PHQX SULQFLSDOL FOLF
FDQGR  YROWH VXOOಫLFRQD GHO PHQê SUHVFHOWR
, PHQê VHOH]LRQDELOL VRQR L VHJXHQWL
಴ 'HYLFH LQIRUPDWLRQ
಴ 'HYLFH 3DUDPHWHUV
಴ 0RQLWRU 7HVW 'DWD
಴ 'HYLFH )XQFWLRQV
಴ 'LDJQRVH

¾ œ 'HYLFH ,QIRUPDWLRQ ¬ 4XHVWR PHQX SHU

PHWWH GL YLVXDOL]]DUH OH LQIRUPD]LRQL UHODWLYH
DO WUDFWLRQ FRQWUROOHU

¾ œ 'HYLFH 3DUDPHWHUV ¬ 4XHVWR PHQX SHU

PHWWH GL UHJRODUH L SDUDPHWUL GHO WUDFWLRQ FRQ
WUROOHU

¾ 3HU PRGLILFDUH XQ SDUDPHWUR DOOಫLQWHUQR GHO

PHQê œ 'HYLFH 3DUDPHWHUV ¬ FOLFFDUH VXOOR
VWHVVR 3HU DXPHQWDUH R GLPLQXLUH LO YDORUH GHO
SDUDPHWUR FOLFFDUH VXO SXOVDQWHœ $ ¬ R œ % ¬ H
SHU FRQIHUPDUH FOLFFDUH VX œ 2. ¬

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 'LDJQRVWLFD
'LDJQRVWLFD LPSLDQWR &XUWLV
¾ œ 0RQLWRU 7HVW 'DWD ¬ 4XHVWR PHQX SHUPHWWH
GL YLVXDOL]]DUH OH JUDQGH]]H FKH VRQR PRQLWR
UDWH LQ WHPSR UHDOH

¾ œ 'HYLFH )XQFWLRQV ¬ (ಫ XQ PHQX DWWXDOPHQWH

YXRWR

œ 'LDJQRVH ¬
,O PHQê œ 'LDJQRVH ¬ SHUPHWWH GL YLVXDOL]]DUH JOL
DOODUPL LQ WHPSR UHDOH 6\VWHP )DXOW 0RQLWRU H
TXHOOL PHPRUL]]DWL 'HYLFH )DXOW +LVWRU\ H GL FDQ
FHOODUH L PHGHVLPL &OHDU 

¾ œ 6\VWHP )DXOW 0RQLWRU ¬ 4XHVWR PHQX SHU

PHWWH GL YLVXDOL]]DUH JOL DOODUPL SUHVHQWL DO PR
PHQWR

¾ œ 'HYLFH )DXOW +LVWRU\ ¬ 4XHVWR PHQX SHU

PHWWH GL YLVXDOL]]DUH OR VWRULFR GHJOL DOODUPL
GHOOD PDFFKLQD

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 'LDJQRVWLFD 
'LDJQRVWLFD LPSLDQWR &XUWLV
¾ &OLFFDQGR VXOOಫDOODUPH FRPSDLRQR XOWHULRUL LQ
IRUPD]LRQL

¾ œ &OHDU ¬ 3HU HOLPLQDUH OD VWRULD GHJOL HUURUL

GRSR DYHUOD OHWWD $ TXHVWR ILQH VHOH]LRQDUH
œ &OHDU ¬ QHO PHQX D WHQGLQD FKH FRPSDUH
TXDQGR GL FOLFFD FRQ LO WDVWR GHVWUR GHO PRXVH
QHO PHQX œ 'HYLFH )DXOW +LVWRU\ ¬ ,O VRIWZDUH
FKLHGHUÑ GL FRQIHUPDUH OಫHIIHWWLYR GHVLGHULR GL
FDQFHOODUH OD VWRULD GHJOL DOODUPL

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 'LDJQRVWLFD
'LDJQRVWLFD LPSLDQWR &XUWLV
'HVFUL]LRQH GHL 0HQX
0HQX œ 3URJUDP ¬

/HJHQGD
಴ 0 02'( 0DUFLD VWDQGDUG
಴ 0 02'( 0DUFLD FRQ WLPRQH VHPSUH DW
WLYR PDUFLD OHQWD 

9HKLFOH
1RPH 6LJQLILFDWR
0  0 ,O WHPSR LPSLHJDWR GDO FRQWUROOHU SHU DXPHQWDUH OಫXVFLWD GL D]LR
$FFHO 5DWH QDPHQWR PRWRUH GD  D  QHO IXQ]LRQDPHQWR 0RGH  ಥ 
,O WHPSR LPSLHJDWR GDO FRQWUROOHU SHU SRUWDUH D ]HUR OಫXVFLWD GL
0  0
D]LRQDPHQWR PRWRUH TXDQGR OD ULFKLHVWD GHOOಫDFFHOHUDWRUH VL UL
'HFHO 5DWH
GXFH GD  D ]HUR QHO IXQ]LRQDPHQWR 0RGH  ಥ 
,O WHPSR LPSLHJDWR GDO FRQWUROOHU SHU DXPHQWDUH OD FRUUHQWH GL
0  0
5DWHV IUHQDWXUD GD  D  DOOಫLQYHUVLRQH GL PDUFLD QHO IXQ]LRQDPHQWR
%UDNH 5DWH
0RGH  ಥ 
,O WHPSR LPSLHJDWR GDO FRQWUROOHU SHU SRUWDUH D ]HUR OಫXVFLWD GL
)DVW 6WRS 5DWH D]LRQDPHQWR PRWRUH TXDQGR YLHQH ULODVFLDWR OಫXRPR PRUWR RS
SXUH VH Ù SUHPXWR LO %HOO\ VZLWFK
$FFHO 5HOHDVH
'HFHOHUD]LRQH D ULODVFLR SDU]LDOH GHOOD IDUIDOOD
5DWH
0  0
1HVVXQD LQIOXHQ]D VXO FDUUHOOR
0LQ 6SHHG
6SHHG
0
9HORFLWÑ PDVVLPD GHO FDUUHOOR
0D[ 6SHHG
'HILQLVFH TXDQWR UDSLGDPHQWH LO FRQWUROOHU ULGXFH OD YHORFLWÑ
0XOWL 0RGH &RDVW 'HFHO 5DWH
TXDQGR OD IDUIDOOD YLHQH ULODVFLDWD
=RQD PRUWD GHOOಫDFFHOHUDWRUH FLRÙ LO UDQJH GHO SRWHQ]LRPHWUR
7KURWWOH 'HDG FKH LO FRQWUROOHU LQWHUSUHWD FRPH ]RQD QHXWUD SULPD GHOOD ]RQD GL
EDQG UHJROD]LRQH ¹ XQD SHUFHQWXDOH GHO UDQJH QRPLQDOH GL WHQVLRQH
GHO SRWHQ]LRPHWUR WUD]LRQH
7HQVLRQH DO SRWHQ]LRPHWUR WUD]LRQH QHFHVVDULD DIILQFKÚ OಫXVFLWD
7KURWWOH
7KURWWOH 0D[ GHO FRQWUROOHU VLD LO  ¹ XQD SHUFHQWXDOH GHO UDQJH QRPLQDOH
GL WHQVLRQH GHO SRWHQ]LRPHWUR WUD]LRQH
¹ LO YDORUH GHO 3:0 HVSUHVVR LQ SHUFHQWXDOH UHODWLYR DOOಫXVFLWD VXO
7KURWWOH 0DS PRWRUH WUD]LRQH FRQ XQD FRUVD XWLOH GHOOಫDFFHOHUDWRUH GHO 
'HWHUPLQD OD FXUYD GL DFFHOHUD]LRQH
(ಫ LO WHPSR GRSR LO TXDOH YLHQH ULODVFLDWR LO IUHQR HOHWWURPDJQHWLFR
%UDNH %UDNH 'HOD\
(ಫ FRQWHJJLDWR GDO PRPHQWR LQ FXL OಫDFFHOHUDWRUH UDJJLXQJH 

6\VWHP
1RPH 6LJQLILFDWR
(PSW\ %DWWHU\ (ಫ OD WHQVLRQH SHU HOHPHQWR FKH IRUQLVFH OಫLQGLFD]LRQH GL EDWWHULD
%DWWHU\
9ROWDJH VFDULFD

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 'LDJQRVWLFD 
'LDJQRVWLFD LPSLDQWR &XUWLV
(QDEOH 7RWDO 3URJUDPPDWR D 21 DWWLYD ULGX]LRQL GL YHORFLWÑ TXDQGR Ù WUD
6HUYLFH +RXUV VFRUVR LO œ 7RWDO 6HUYLFH +RXUV ¬
(QDEOH 'ULYH 3URJUDPPDWR D 21 DWWLYD ULGX]LRQL GL YHORFLWÑ TXDQGR Ù WUD
6HUYLFH +RXUV VFRUVR LO œ 'ULYH 6HUYLFH +RXUV ¬
3HUPHWWH GL PRGLILFDUH LO YDORUH GHO FRQWDRUH HV LQ FDVR GL VRVWL
$GMXVW +RXUV
WX]LRQH LPSLDQWR HOHWWURQLFR 
3RVL]LRQDWR D 21 FDULFD LO YDORUH œ $GMXVW +RXUV ¬ QHO FRQWDRUH
6HW 7RWDO +RXUV
WRWDOH
3RVL]LRQDWR D 21 FDULFD LO YDORUH œ $GMXVW +RXUV ¬ QHO FRQWDRUH
6HW 'ULYH +RXUV
GL WUD]LRQH
7RWDO 6HUYLFH 6HOH]LRQD LO QXPHUR GL RUH SHU LO SURVVLPR LQWHUYDOOR GL PDQXWHQ
+RXUV ]LRQH
'ULYH 6HUYLFH 6HOH]LRQD LO QXPHUR GL RUH SHU LO SURVVLPR LQWHUYDOOR GL PDQXWHQ
+RXUV ]LRQH SHU LO PRWRUH WUD]LRQH
+RXUPHWHU
7RWDO 'LVDEOH
7UDVFRUVR LO WHPSR LQGLFDWR VL DWWLYD OD ULGX]LRQH GHOOD YHORFLWÑ
+RXUV
'ULYH 'LVDEOH
7UDVFRUVR LO WHPSR LQGLFDWR VL DWWLYD OD ULGX]LRQH GHOOD YHORFLWÑ
+RXUV
'ULYH 'LVDEOH (ಫ OD YHORFLWÑ ULGRWWD VLD 0 FKH 0  DSSOLFDWD LQ WUD]LRQH DO WHU
6SHHG PLQH GHOOಫLQWHUYDOOR GL PDQXWHQ]LRQH
4XDQGR LO WHPSR WRWDO VHUYLFH VL HVDXULVFH LO FRQWUROOHU VHWWD TXH
6HUYLFH 7RWDO VWR SDUDPHWUR 21 'HYH HVVHUH ULSURJUDPPDWR 2)) TXDQGR Ù
([SLUHG VWDWD HIIHWWXDWD OD PDQXWHQ]LRQH DSSURSULDWD VLD SHU TXDQWR UL
JXDUGD OD WUD]LRQH FKH OD SRPSD
4XDQGR LO WHPSR GULYH VHUYLFH VL HVDXULVFH LO FRQWUROOHU VHWWD TXH
6HUYLFH 'ULYH VWR SDUDPHWUR 21 'HYH HVVHUH ULSURJUDPPDWR 2)) TXDQGR Ù
([SLUHG VWDWD HIIHWWXDWD OD PDQXWHQ]LRQH DSSURSULDWD SHU TXDQWR ULJXDUGD
OD WUD]LRQH
3XPS %', 6HOH]LRQDWR D 21 LQLELVFH LO VROOHYDPHQWR FRQ FDSDFLWÑ UHVLGXD
/RFNRXW GHOOD EDWWHULD DO GL VRWWR GHO 
+\GUDXOLF
0D[ 3XPS 5XQ 7HPSR PDVVLPR GL IXQ]LRQDPHQWR GHO WHOHUXWWRUH GL VROOHYD
7LPH PHQWR

0HQX œ 0RQLWRU ¬

0RWRU EDWWHU\
1RPH 6LJQLILFDWR
%DWWHU\ YROWDJH 7HQVLRQH EDWWHULD
%62& 6WDWR GL FDULFD GHOOD EDWWHULD
0RWRU VSHHG 9HORFLWÑ GHO PRWRUH
0RWRU YROWDJH 7HQVLRQH GHO PRWRUH
0RWRU IUHTXHQF\ )UHTXHQ]D GHO PRWRUH
6OLS 6FRUULPHQWR GHO PRWRUH

,QSXW
1RPH 6LJQLILFDWR
7KURWWOH LQSXW 3RWHQ]LRPHWUR GL WUD]LRQH LQ SHUFHQWXDOH
,QWHUORFN VZLWFK 0LFURLQWHUUXWWRUH FRQVHQVR XRPR PRUWR
)RUZDUG VZLWFK 0LFURLQWHUUXWWRUH PDUFLD DYDQWL
5HYHUVH VZLWFK 0LFURLQWHUUXWWRUH PDUFLD LQGLHWUR
0RGH 6ZLWFK 0LFURLQWHUUXWWRUH GL VHOH]LRQH GHOOD PRGDOLWÑ GL IXQ]LRQDPHQWR
(PHUJHQF\ UHYHUVH 6ZLWFK 0LFURLQWHUUXWWRUH IXQ]LRQH GL LQYHUVLRQH GL HPHUJHQ]D EHOO\

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 'LDJQRVWLFD
'LDJQRVWLFD LPSLDQWR &XUWLV
,QKLELW LQSXW 0LFURLQWHUUXWWRUH GL VROOHYDPHQWR
6SHHG OLPLW 1RQ XWLOL]]DWR
+RUQ VZLWFK 1RQ XWLOL]]DWR
+\G WKURWWOH LQSXW 1RQ XWLOL]]DWR
/LIW VZLWFK 1RQ XWLOL]]DWR
/RZHU VZLWFK 1RQ XWLOL]]DWR

2XSXW
1RPH 6LJQLILFDWR
$X[ RXSXW  6WDWR GHOOಫXVFLWD SLQ  QHJDWLYR WHOHUXWWRUH SRPSD
$X[ RXWSXW  6WDWR GHOOಫXVFLWD SLQ  QHJDWLYR HOHWWURYDOYROD GL GLVFHVD
3URS YDOYH SZP 6WDWR GHOOಫXVFLWD YDOYROD SURSRU]LRQDOH

&RQWUROOHU
1RPH 6LJQLILFDWR
7HPSHUDWXUH 7HPSHUDWXUD LQWHUQD DO FRQWUROOHU
0DLQ FRQWDFWRU 6WDWR GHO WHOHUXWWRUH SULQFLSDOH
3HULRGR FKH GHYH WUDVFRUUHUH SHU OD SURVVLPD PDQXWHQ]LRQH VLD
7RWDO KRXUPHWHU
SHU TXDQWR ULJXDUGD OD WUD]LRQH FKH OD SRPSD
3HULRGR FKH GHYH WUDVFRUUHUH SHU OD SURVVLPD PDQXWHQ]LRQH SHU
'ULYH KRXUPHWHU
TXDQWR ULJXDUGD OD WUD]LRQH
)DXOW SRVLWLRQ 1RQ XWLOL]]DWR

0HQX œ )DXOW ¬

1RPH 6LJQLILFDWR
6LVWHP IDXOWV $OODUPL DWWXDOPHQWH SUHVHQWL

1RPH 6LJQLILFDWR
)DXOW KLVWRU\ (OHQFR GHJOL DOODUPL PHPRUL]]DWL

1RPH 6LJQLILFDWR
&OHDU IDXOW KLVWRU\ &DQFHOOD]LRQH HOHQFR DOODUPL PHPRUL]]DWL

0HQX œ ,QIRUPDWLRQ ¬
6RQR LQGLFDWH OH FDUDWWHULVWLFKH GHO FRQWUROOR HOHW
WURQLFR HV Q¡ GL VHULH WLSR YHUVLRQH VRIWZDUH  

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 'LDJQRVWLFD 
'LDJQRVWLFD LPSLDQWR &XUWLV
7DEHOOH SDUDPHWUL FRQWUROOR HOHWWUR
QLFR
&RQWUROOR HOHWWURQLFR   &XUWLV
  SHU YHUVLRQH FRQ SRUWDWD 
.J
GD 7DEHOOD   UHY  
0HQX œ 3URJUDP ¬

5$1*(
9$/8( 81,7
0LQ 0D[
9HKLFOH
0 $FFHO 5DWH    6HFRQGV
0 $FFHO 5DWH    6HFRQGV
0 'HFHO 5DWH    6HFRQGV
0 'HFHO 5DWH    6HFRQGV
5DWHV
0 %UDNH 5DWH    6HFRQGV
0 %UDNH 5DWH    6HFRQGV
)DVW 6WRS 5DWH    6HFRQGV
$FFHO 5HOHDVH 5DWH    6HFRQGV
0 0LQ 6SHHG    
6SHHGV 0 0LQ 6SHHG    
0 0D[ 6SHHG    
0XOWL 0RGH &RDVW 'HFHO 5DWH    6HFRQGV
7KURWWOH 'HDGEDQG    
7KURWWOH 7KURWWOH 0D[    
7KURWWOH 0DS    
%UDNH %UDNH 'HOD\    6HFRQGV
6\VWHP
%DWWHU\ (PSW\ %DWWHU\ 9ROWDJH    9ROW
(QDEOH 7RWDO 6HUYLFH
  
+RXUV
(QDEOH 'ULYH 6HUYLFH
  
+RXUV
$GMXVW +RXUV    +RXUV
6HW 7RWDO +RXUV   
6HW 'ULYH +RXUV   
+RXUPHWHU 7RWDO 6HUYLFH +RXUV    +RXUV
'ULYH 6HUYLFH +RXUV    +RXUV
7RWDO 'LVDEOH +RXUV    +RXUV
'ULYH 'LVDEOH +RXUV    +RXUV
'ULYH 'LVDEOH 6SHHG    
6HUYLFH 7RWDO ([SLUHG   
6HUYLFH 'ULYH ([SLUHG   
3XPS %', /RFNRXW   
+\GUDXOLF
0D[ 3XPS 5XQ 7LPH    6HFRQGV

0HQX œ 0RQLWRU ¬

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 'LDJQRVWLFD
'LDJQRVWLFD LPSLDQWR &XUWLV
5$1*(
9$/8( 81,7
0LQ 0D[
0RWRU EDWWHU\
%DWWHU\ YROWDJH  9
%62&  
0RWRU VSHHG  USP
0RWRU YROWDJH  9
0RWRU IUHTXHQF\  +]
6OLS  +]
,QSXW
7KURWWOH LQSXW  
,QWHUORFN VZLWFK RII
)RUZDUG VZLWFK RII
5HYHUVH VZLWFK RII
0RGH 6ZLWFK RII
(PHUJHQF\ UHYHUVH 6ZLWFK RII
,QKLELW LQSXW RII
6SHHG OLPLW  
+RUQ VZLWFK RII
+\G WKURWWOH LQSXW  
/LIW VZLWFK RII
/RZHU VZLWFK RII
2XSXW
$X[ RXSXW  RII
$X[ RXWSXW  RII
3URS YDOYH SZP  
/RDG +ROG 9DOYH RII
&RQWUROOHU
7HPSHUDWXUH  H[DPSOH ¡&
0DLQ FRQWDFWRU RII H[DPSOH
7RWDO KRXUPHWHU  H[DPSOH +U
'ULYH KRXUPHWHU  H[DPSOH +U
)DXOW SRVLWLRQ  H[DPSOH

0HQX œ ,QIRUPDWLRQ ¬

5$1*(
9$/8( 81,7
0LQ 0D[
2(0 LQIR 
0RGHO QXPEHU 
6HULDO QXPEHU  H[DPSOH
6RIWZDUH YHUVLRQH 
+DUGZDUH YHUVLRQ BRUB
3URWRFRO YHUVLRQ 
3DUDP %ORFN YHUVLRQH 

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 'LDJQRVWLFD 
'LDJQRVWLFD LPSLDQWR &XUWLV
&RQWUROOR HOHWWURQLFR   &XUWLV
  SHU YHUVLRQH FRQ SRUWDWD  
 .J
GD 7DEHOOD   UHY  

5$1*(
9$/8( 81,7
0LQ 0D[
9HKLFOH
0 $FFHO 5DWH    6HFRQGV
0 $FFHO 5DWH    6HFRQGV
0 'HFHO 5DWH    6HFRQGV
0 'HFHO 5DWH    6HFRQGV
5DWHV
0 %UDNH 5DWH    6HFRQGV
0 %UDNH 5DWH    6HFRQGV
)DVW 6WRS 5DWH    6HFRQGV
$FFHO 5HOHDVH 5DWH    6HFRQGV
0 0LQ 6SHHG    
6SHHGV 0 0LQ 6SHHG    
0 0D[ 6SHHG    
0XOWL 0RGH &RDVW 'HFHO 5DWH    6HFRQGV
7KURWWOH 'HDGEDQG    
7KURWWOH 7KURWWOH 0D[    
7KURWWOH 0DS    
%UDNH %UDNH 'HOD\    6HFRQGV
6\VWHP
%DWWHU\ (PSW\ %DWWHU\ 9ROWDJH    9ROW
(QDEOH 7RWDO 6HUYLFH
  
+RXUV
(QDEOH 'ULYH 6HUYLFH
  
+RXUV
$GMXVW +RXUV    +RXUV
6HW 7RWDO +RXUV   
6HW 'ULYH +RXUV   
+RXUPHWHU 7RWDO 6HUYLFH +RXUV    +RXUV
'ULYH 6HUYLFH +RXUV    +RXUV
7RWDO 'LVDEOH +RXUV    +RXUV
'ULYH 'LVDEOH +RXUV    +RXUV
'ULYH 'LVDEOH 6SHHG    
6HUYLFH 7RWDO ([SLUHG   
6HUYLFH 'ULYH ([SLUHG   
3XPS %', /RFNRXW   
+\GUDXOLF
0D[ 3XPS 5XQ 7LPH    6HFRQGV

0HQX œ 0RQLWRU ¬

5$1*(
9$/8( 81,7
0LQ 0D[
0RWRU EDWWHU\
%DWWHU\ YROWDJH  9

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 'LDJQRVWLFD
'LDJQRVWLFD LPSLDQWR &XUWLV
%62&  
0RWRU VSHHG  USP
0RWRU YROWDJH  9
0RWRU IUHTXHQF\  +]
6OLS  +]
,QSXW
7KURWWOH LQSXW  
,QWHUORFN VZLWFK RII
)RUZDUG VZLWFK RII
5HYHUVH VZLWFK RII
0RGH 6ZLWFK RII
(PHUJHQF\ UHYHUVH 6ZLWFK RII
,QKLELW LQSXW RII
6SHHG OLPLW  
+RUQ VZLWFK RII
+\G WKURWWOH LQSXW  
/LIW VZLWFK RII
/RZHU VZLWFK RII
2XSXW
$X[ RXSXW  RII
$X[ RXWSXW  RII
3URS YDOYH SZP  
/RDG +ROG 9DOYH RII
&RQWUROOHU
7HPSHUDWXUH  H[DPSOH ¡&
0DLQ FRQWDFWRU RII H[DPSOH
7RWDO KRXUPHWHU  H[DPSOH +U
'ULYH KRXUPHWHU  H[DPSOH +U
)DXOW SRVLWLRQ  H[DPSOH

0HQX œ ,QIRUPDWLRQ ¬

5$1*(
9$/8( 81,7
0LQ 0D[
2(0 LQIR 
0RGHO QXPEHU 
6HULDO QXPEHU  H[DPSOH
6RIWZDUH YHUVLRQH 
+DUGZDUH YHUVLRQ BRUB
3URWRFRO YHUVLRQ 
3DUDP %ORFN YHUVLRQH 

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 'LDJQRVWLFD 
'LDJQRVWLFD LPSLDQWR &XUWLV
/LVWD DOODUPL

&2'( $//$50( &$86( 352%$%,/, $=,21( &255(77,9$

9HULILFDUH FDEODJJLR GHOOಫHQ
02725 63((' (1&2'(5 3UREOHPL QHO FDEODJJLR
FRGHU
9HORFLWÑ GHO PRWRUH QRQ FRU GHOOಫHQFRGHU
6RVWLWXLUH OಫHQFRGHU R LO FRQ
UHWWD &RQWUROOHU JXDVWR
WUROOR HOHWWURQLFR

3UREOHPL QHO FDEODJJLR
02725 )$,/6$)( 9HULILFDUH FDEODJJLR GHOOಫHQ
GHOOಫHQFRGHU
,O PRWRUH Ù LQ VWDOOR R UXRWD SLê FRGHU
0RWRUH EORFFDWR
YHORFHPHQWH GHO SUHYLVWR &RQWUROODUH LO PRWRUH
,QVXIILFLHQWH FRSSLD IUHQDQWH
9HULILFDUH FDEODJJLR GHOOಫHQ
02725 29(5&855(17 FRGHU
6RYUDFFRUHQWH GHO PRWRUH
6RYUDFRUUHQWH GHO PRWRUH 6RVWLWXLUH LO FRQWUROOR HOHWWUR
QLFR

02725 287387 )$8/7 9HULILFDUH FDEODJJLR GHO PR
3UREOHPL QHO FDEODJJLR GHO
,O GLVSRVLWLYR GL SURWH]LRQH WRUH
PRWRUH
GHOOಫXVFLWD GHO PRWRUH Ù VWDWR 6RVWLWXLUH LO FRQWUROOR HOHWWUR
&RQWUROOHU JXDVWR
DWWLYDWR QLFR
67$7,& 5(7851 72 2)) (IIHWWXDUH OD VHTXHQ]D GL
652 6HTXHQ]D QRQ FRUUHWWD LQ DFFHQVLRQH FRUUHWWD
 (UURUH GL VHTXHQ]D GL DFFHQ IDVH GL DFFHQVLRQH GHOOD &KLDYH
VLRQH QRQ EORFFDQWH PD OD PDFFKLQD 6HQVRUH WLPRQH
WUD]LRQH Ù LQLELWD 0LFURLQWHUUXWWRUL GLUH]LRQDOL
9HULILFDUH VH LO FRQWDWWR GHO
7+5277/( :,3(5 +,*+ SRWHQ]LRPHWUR Ù FRUWRFLUFXL
7HQVLRQH DO SRWHQ]LRPHWUR
 7HQVLRQH DO SRWHQ]LRPHWUR WDWR D %
WUD]LRQH WURSSR DOWD
WUD]LRQH WURSSR DOWD &RQWUROODUH LO IXQ]LRQDPHQWR
GHO SRWHQ]LRPHWUR WUD]LRQH
3UREOHPL QHO FDEODJJLR GHL
(0(5*(1&< 5(9(56(
SLQ  IXQ]LRQDOLWÑ GL LQ &RQWUROODUH LO FDEODJJLR GHL
 :,5,1* 23(1
YHUVLRQH GL PDUFLD GL HPHU SLQ 
$OODUPH EHOO\
JHQ]D
(IIHWWXDUH OD VHTXHQ]D GL
+,*+ 3('$/ ',6$%/( DFFHQVLRQH FRUUHWWD
+3' 6HTXHQ]D QRQ FRUUHWWD LQ &KLDYH
 (UURUH GL VHTXHQ]D GL DFFHQ IDVH GL DFFHQVLRQH GHOOD 6HQVRUH WLPRQH
VLRQH QRQ EORFFDQWH PD OD PDFFKLQD 0LFURLQWHUUXWWRUL GLUH]LRQDOL
WUD]LRQH Ù LQLELWD 3RWHQ]LRPHWUR DFFHOHUD
WRUH
9HULILFDUH VH LO FRQWDWWR GHO
7+5277/( :,3(5 /2: SRWHQ]LRPHWUR Ù FRUWRFLUFXL
7HQVLRQH DO SRWHQ]LRPHWUR
 7HQVLRQH DO SRWHQ]LRPHWUR WDWR D %
WUD]LRQH WURSSR EDVVD
WUD]LRQH WURSSR EDVVD &RQWUROODUH LO IXQ]LRQDPHQWR
GHO SRWHQ]LRPHWUR WUD]LRQH
08/7,3/(;(5 )$8/7 (UURUH PXOWLSOH[HU WLPRQH
 6RVWLWXLUH &RQWUROOHU
(UURUH PXOWLSOH[HU WLPRQH QRQ SUHVHQWH

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 'LDJQRVWLFD
'LDJQRVWLFD LPSLDQWR &XUWLV
%RELQD WHOHUXWWRUH SULQFLSDOH
FRUWRFLUFXLWDWD
&RQWDWWR WHOHUXWWRUH SULQFL
0$,1 &217$&725 9HULILFDUH OR VWDWR GHO WHOHUXW
SDOH DSHUWR R LQFROODWR
3UREOHPL DO WHOHUXWWRUH SULQFL WRUH SULQFLSDOH VH GLIHWWRVR
&DEODJJLR WHOHUXWWRUH SULQFL
SDOH EORFFDQWH  VRVWLWXLUOR
 SDOH
'ULYHU GHO WHOHUXWWRUH SULQFL
SDOH FRUWRFLUFXLWDWR
%DWWHULD WURSSR EDVVD
35(&+$5*(
(UURUH GL SUHFDULFD 6RVWLWXLUH LO FRQWUROOR HOHWWUR
(UURUH GL SUHFDULFD
QLFR
%RELQD GHO IUHQR DSHUWD
%5$.( )$8/7 3UREOHPL QHO FDEODJJLR GHO
&RQWUROODUH LO IUHQR HOHWWURPD
 3UREOHPL QHO FDEODJJLR GHO IUHQR
JQHWLFR
IUHQR 'ULYHU GHO IUHQR FRUWRFLUFXL
WDWR
6(59,&( 727$/ ',6$ ,O WHPSR WRWDO GLVDEOH Ù WHUPL
0DQXWHQ]LRQH QHFHVVDULD
%/(' QDWR
6(59,&( '5,9( ',6$ ,O WHPSR GULYH GLVDEOH Ù WHUPL
0DQXWHQ]LRQH QHFHVVDULD
%/(' QDWR
8QD YROWD HIIHWWXDWD OD PDQX
 ,O WHPSR VHUYLFH WRWDO Ù WHUPL
6(59,&( 727$/ (;3,5(' WHQ]LRQH VHWWDUH 2)) LO SDUD
QDWR
PHWUR ಮVHUYLFH WRWDO H[SLUHGಯ
8QD YROWD HIIHWWXDWD OD PDQX
,O WHPSR VHUYLFH GULYH Ù WHUPL
6(59,&( '5,9( (;3,5(' WHQ]LRQH VHWWDUH 2)) LO SDUD
QDWR
PHWUR ಮVHUYLFH GULYH H[SLUHGಯ
7HQVLRQH EDWWHULD SLê DOWD
%$77(5< 29(592/7$*( &RQWUROODUH OD WHQVLRQH GHOOD
GHO OLPLWH GL VRYUDWHQVLRQH
7HQVLRQH EDWWHULD WURSSR DOWD EDWWHULD
SHUPHVVR
 %$77(5< 81'(592/
7HQVLRQH EDWWHULD SLê EDVVD
7$*( &RQWUROODUH OD WHQVLRQH GHOOD
GHO OLPLWH GL VRWWRWHQVLRQH
7HQVLRQH EDWWHULD WURSSR EDWWHULD
SHUPHVVR
EDVVD
7HPSHUDWXUD GHO FRQWUROOHU
7(03(5$785( &87%$&. &RQWUROODUH OD WHPSHUDWXUD
 WURSSR DOWD !¡& R WURSSR
3UREOHPL GL WHPSHUDWXUD GHO FRQWUROOHU
EDVVD ¡& 
$17, 7,('2:1
$]LRQDWR DOOಫDFFHQVLRQH LO PL 0LFURLQWHUUXWWRUH GL VHOH]LRQH &RQWUROODUH LO PLFURLQWHUUXW
 FURLQWHUUXWWRUH GL VHOH]LRQH GHOOD PRGDOLWÑ GL IXQ]LRQD WRUH GL VHOH]LRQH GHOOD PRGD
GHOOD PRGDOLWÑ GL IXQ]LRQD PHQWR FRUWRFLUFXLWDWR D % OLWÑ GL IXQ]LRQDPHQWR
PHQWR
6RVWLWXLUH LO FRQWUROOR HOHWWUR
 +$5':$5( )$,/85( 3UREOHPL KDUGZDUH
QLFR
6RVWLWXLUH LO FRQWUROOR HOHWWUR
 62)7:$5( )$,/85( 3UREOHPL VRIWZDUH
QLFR
6RVWLWXLUH LO FRQWUROOR HOHWWUR
 3$5$0(7(56 &255837 3DUDPHWUL FRUURWWL
QLFR

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 0RWRUH 
D

0RWRUH WUD]LRQH
6PRQWDJJLR PRWRUH WUD]LRQH HG
(QFRGHU
¾ 6YLWDUH OH  YLWL GL ILVVDJJLR SURWH]LRQH PRWRUH
WUD]LRQH

¾ 6ILODUH OD SURWH]LRQH

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 0RWRUH
0RWRUH WUD]LRQH
¾ 6ILODUH L FRQQHWWRUL FROOHJDWL DO PRWRUH HQFR
GHU VHQVRUH GL WHPSHUDWXUD H IUHQR HOHWWURPD
JQHWLFR 

¾ 6YLWDUH FRQ FKLDYH &+ L WUH FDYL GHO PRWRUH

FROOHJDWL DO SDQQHOOR HOHWWURQLFR

127$

(ಫ LPSRUWDQWH GXUDQWH LO ULPRQWDJJLR ULFROORFDUH OH

URQGHOOH SHU JDUDQWLUH XQD FRUUHWWD GLVVLSD]LRQH

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 0RWRUH 
0RWRUH WUD]LRQH
¾ 6YLWDUH OH TXDWWUR YLWL DG HVDJRQR LQFDVVDWR FRQ
FKLDYH &+ 'XUDQWH LO ULPRQWDJJLR VHUUDUH OH
VWHVVH YLWL FRQ XQD FRSSLD GL VHUUDJJLR SDUL D
1P

¾ 5LPXRYHUH LO PRWRUH

$99(57,0(172
1RQ GDQQHJJLDUH Oಫ25 GL WHQXWD H L GHQWL GHJOL LQJUD
QDJJL
1RQ IRU]DUH OಫDFFRSSLDPHQWR

127$

)DUH DWWHQ]LRQH DO ULPRQWDJJLR (ಫ LPSRUWDQWH GX

UDQWH LO ULPRQWDJJLR ULFROORFDUH OH URQGHOOH SHU JD
UDQWLUH XQD FRUUHWWD GLVVLSD]LRQH

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 0RWRUH
0RWRUH WUD]LRQH
¾ 2UD VL SXã SURFHGHUH FRQ OR VPRQWDJJLR GHO
&XVFLQHWWR VHQVRUL]]DWR R (QFRGHU

6PRQWDJJLR FXVFLQHWWR VHQVRUL]

]DWR R (1&2'(5
¾ 7RJOLHUH LO VHHJHU GDO SLJQRQH PRWRUH WUD]LRQH

¾ 7UDPLWH OಫDXVLOLR GL XQ HVWUDWWRUH WRJOLHUH LO SL

JQRQH GDOOಫDOEHUR PRWRUH

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 0RWRUH 
0RWRUH WUD]LRQH
¾ 6ILODUH PDQXDOPHQWH OD IODQJLD $
¾ 7UDPLWH OಫHVWUDWWRUH WRJOLHUH LO FXVFLQHWWR VHQVR
UL]]DWR % 1E $WWHQ]LRQH D QRQ GDQQHJJLDUH
Oಫ(1&2'(5 SRVWR QHO UHWUR GHO FXVFLQHWWR

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 0RWRUH
0RWRUH WUD]LRQH

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 5LGXWWRUH 
D

6PRQWDJJLR  5LPRQWDJJLR GHO ULGXWWRUH

'LVHJQR ULGXWWRUH

 &RSSLD GL VHUUDJJLR 1P LQ FRUULVSRQGHQ]D GHOOD VHGH ,O GDGR YD VRVWL

 6HUUDUH D 1P SRL DOOHQWDUH DSSOLFDUH WXLWR VH VPRQWDWR
ORFWLWH IRUWH H ULDYYLWDUH D 1P &LDQIULQDUH  &RSSLD GL VHUUDJJLR 1P 3RUUH IUHQD ILHOWWL
LQ FRUULVSRQGHQ]D GHOOD VHGH ,O GDGR YD VRVWL PHGLR
WXLWR VH VPRQWDWR  7DSSR GLV FDULFR ROLR &RSSLD GL VHUUDJJLR
 6HUUDUH GDGR SLJQRQH FRQ FRSSLD GL 1P 1P 3RUUH IUHQD ILOHWWL LGUDXOLFR
 0RQWDUH OD UDOOD LQWHUSRQHQGR JXDUQL]LRQH  0RQWDUH LO FRSHUFKLR LQWHUSRQHQGR JXDUQL
VLOLFRQLFD ]LRQH VLOLFRQLFD
 6HUUDUH D 1P SRL DOOHQWDUH DSSOLFDUH  /LYHOOR ROLR 5LHPSLUH FRQ 6$(: OL
ORFWLWH IRUWH H ULDYYLWDUH D 1P &LDQIULQDUH WUL &RSSLD GL VHUUDJJLR 1P

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 5LGXWWRUH
6PRQWDJJLR  5LPRQWDJJLR GHO ULGXWWRUH
6PRQWDJJLR H ULPRQWDJJLR ULGXW
WRUH
¾ 6ROOHYDUH WUDPLWH SDUDQFR LO FDUUHOOR DSSRJ
JLDUOR VX GHL FDYDOOHWWL LQ VLFXUH]]D
¾ 3HU VPRQWDUH LO JUXSSR ULGXWWRUH VYLWDUH OH
Q¡ YLWL FKH ILVVDQR LO JUXSSR ULGXWWRUH DO WHODLR
GRSR DYHU VPRQWDWR LO PRWRUH WUD]LRQH HG OD
IODQJLD WLPRQH GDO FDUUHOOR 

127$

'XUDQWH LO ULPRQWDJJLR GHO ULGXWWRUH FRPSOHWR

VHUUDUH OH YLWL FRQ XQD FRSSLD GL VHUUDJJLR SDUL D
1P

¾ 8QD YROWD VPRQWDWR LO JUXSSR ULGXWWRUH Ù SRV

VLELOH VRVWLWXLUH OD UDOOD GHOOR VWHVVR VYLWDQGR OH
Q¡ YLWL DG HVDJRQR LQFDVVDWR FKH DFFRSSLDQR
OD UDOOD DO ULGXWWRUH

127$

'XUDQWH LO ULPRQWDJJLR GHOOD UDOOD VXO ULGXWWRUH

VHUUDUH OH YLWL FRQ XQD FRSSLD GL VHUUDJJLR SDUL D
1P

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 5LGXWWRUH 
6PRQWDJJLR  5LPRQWDJJLR GHO ULGXWWRUH
5HYLVLRQH JUXSSR ULGXWWRUH
¾ 3RVL]LRQDUH LO JUXSSR ULGXWWRUH VXO SDYLPHQWR R
VX GL XQ EDQFR GL ODYRUR
¾ 0HGLDQWH XQ FKLDYH D EUXJROD ULPXRYHUH WXWWH
OH YLWL GHO FRSHUFKLR

3(5,&2/2
'XUDQWH WXWWH OH RSHUD]LRQL DOOಫLQWHUQR GHO YDQR PRWRUL
6WDFFDUH OD VSLQD GHOOD EDWWWHULD

¾ &RQ PDUWHOOR H VFDOSHOOR VROOHYDUH LO FRSHUFKLR

GDO UHVWR GHO ULGXWWRUH
¾ ,O PDVWLFH WLHQH LO FRSHUFKLR LQ DGHUHQ]D FRQ LO
FRUSR GHO ULGXWWRUH

$77(1=,21(
1RQ IRU]DUH FRQ OR VFDOSHOOR
1RQ VROFDUH LQ PRGR SHVDQWH OD VXSHUILFLH GL DSSRJJLR
GHO FRSHUFKLR

¾ 6FDOGDUH OD JKLHUD XWLOL]]DQGR XQ SLFFROR FDQ

QHOOR D JDV ¹ SUHIHULELOH XWLOL]]DUH XQ ULVFDOGD
WRUH HOHWWULFR DG DULD 4XHVWD RSHUD]LRQH KD OR
VFRSR GL DPPRUELGLUH LO IUHQDILOHWWL

¾ 0HGLDQWH XQD FKLDYH D GHQWH GL PLVXUD DGH

JXDWD VYLWDUH FRPSOHWDPHQWH OD JKLHUD GL UL
WHQXWD GHOOD FRURQD 3HU PDQWHQHUH EORFFDWD
OD URWD]LRQH GHOOD FRSSLD FRQLFD LQVHULUH XQ
FXQHR GL PHWDOOR WHQHUR IUD L GHQWL GHJOL LQJUD
QDJJL RSSXUH EORFFDUH QHOOD PRUVD OD IODQJLD
GL ILVVDJJLR GHOOD UXRWD

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 5LGXWWRUH
6PRQWDJJLR  5LPRQWDJJLR GHO ULGXWWRUH
¾ %DWWHUH FRQ XQ PDUWHOOR D VXSHUILFLH PRUELGD
OಫDOEHUR GHO ULGXWWRUH ILQR DO SLDQR GHOOD FRURQD

¾ 3RVL]LRQDUH XQD WDYROD GL OHJQR R XQD TXDO

VLDVL VXSHUILFLH PRUELGD GD ODWR GHOOD IODQJLD GL
DWWDFFR UXRWD 0HGLDQWH XQ WUDILODWR GL PHWDOOR
WHQHUR EDWWHUH VXOOಫDOEHUR GHO ULGXWWRUH ILQR
DOOಫHVWUD]LRQH FRPSOHWD

¾ 0HGLDQWH XQD FKLDYH D EUXJROD ULPXRYHUH

WXWWH OH YLWL GL ILVVDJJLR GHOOD EDVH SRUWDUDOOD

¾ %DWWHUH FRQ XQ PDUWHOOR D VXSHUILFLH PRUELGD

VXO ERUGR GHO FRSHUFKLR GHO ULGXWWRUH

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 5LGXWWRUH 
6PRQWDJJLR  5LPRQWDJJLR GHO ULGXWWRUH
¾ 6H VL WROJRQR OH SLVWH GHL FXVFLQHWWL GL EDQFR
VRWWR WURYHUHPR JOL VSHVVRUL SHU OD WDUDWXUD
GHOOಫDFFRSSLDPHQWR SLJQRQHFRURQD

$77(1=,21(
5LFRUGDUVL GD TXDOH GHL GXH FXVFLQHWWL VRQR VWDWL WROWL
/HJDUOL IUD ORUR FRQ XQ FRUGLQR

¾ ,QVHULUH QHO IRUR GHOOD FRURQD GHOOD FRSSLD FLOLQ

GULFD XQD FKLDYH HVDJRQDOH $YHQWH OR VFRSR
GL EORFFDUH OD URWD]LRQH GHOOಫDOEHUR GXUDQWH OR
VYLWDPHQWR

¾ 0HGLDQWH XQD FKLDYH ILVVD VYLWDUH OD JKLHUD GL

ULWHQXWD GHOOD FRURQD FLOLQGULFD DLXWDQGRVL FRQ
XQ PDUWHOOR D VXSHUILFLH PRUELGD

¾ 0HGLDQWH XQ PDUWHOOR FRQ VXSHUILFLH PRUELGD

EDWWHUH VXOOD HVWUHPLWÑ GHOOಫDOEHUR GHO SLJQRQH
SHU HVWUDUOR GDOOD VXD VHGH 8Q FXVFLQHWWR FR
QLFR ULPDUUÑ ILVVDWR VXOOಫDOEHUR

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 5LGXWWRUH
6PRQWDJJLR  5LPRQWDJJLR GHO ULGXWWRUH
¾ 'HWWDJOLR GHOOD SDUWL FKH FRPSRQJRQR LO ULGXW
WRUH $ TXHVWR SXQWR Ù SRVVLELOH SDVVDUH DO OD
YDJJLR GHL YDUL SH]]L H VRVWLWXLUH SHU HVHPSLR L
FXVFLQHWWL R LO SDUDROLR GL XVFLWD GHOOಫDOEHUR
¾ 5LPRQWDJJLR 3HU DVVHPEODUH LO ULGXWWRUH VH
JXLUH D ULWURVR WXWWD OD SURFHGXUD GL VPRQWDJJLR
ULFRUGDQGRVL GL XWLOL]]DUH LO EORFFD ILOHWWL GRYH
HUD SUHVHQWH H GL ULEDGLUH OH OLQJXHWWH DQWLVYL
WDPHQWR GHOOH JKLHUH

$77(1=,21(
)DUH DWWHQ]LRQH DOOH FRSSLH GL VHUUDJJLR LQGLFDWH GDO
FRVWUXWWRUH
9HGL GLVHJQR JUXSSR ULGXWWRUH

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 5LGXWWRUH 

0DQXWHQ]LRQH ULGXWWRUH
'HVFUL]LRQH GHO ULGXWWRUH
,O ULGXWWRUH YD D FROOHJDUVL FRQ OಫDOEHUR PRWRUH FRQ
XQ DQHOOR GL JXLGD FRQ FXVFLQHWWR LQFRUSRUDWR FKH
YD DG LQVHULUVL LQ XQD VHGH GHOOD VFDWROD GHO ULGXW
WRUH HG XQ SLJQRQH ILVVDWL GLUHWWDPHQWH VXOOಫDOEHUR
PRWRUH WUD]LRQH
 $QHOOR FRQ FXVFLQHWWR LQFRUSRUDWR
 3LJQRQH HOLFRLGDOH

,VWUX]LRQL SHU PRQWDJJLR DVVLVWHQ]D VXO ULGXWWRUH

3HU JDUDQWLUH VHPSUH LO SHUIHWWR IXQ]LRQDPHQWR ,O SLJQRQH GHYH HVVHUH PRQWDWR XWLOL]]DQGR OಫDS
GHO ULGXWWRUH OD PDQXWHQ]LRQH GHYH HVVHUH HVH SRVLWD FKLDYHWWD LQVHULWD QHOOD DSSRVLWD FDYD H ILV
JXLWD GD SHUVRQDOH WHFQLFR TXDOLILFDWR VDWR VHUUDQGR LO FRQWURGDGR
&XVFLQHWWR GL JXLGD
&RQVLJOL SHU LO PRQWDJJLR GHO PRWRUH WUD]LRQH
,O FXVFLQHWWR GL JXLGD YLHQH IRUQLWR SLHQR GL JUDVVR
VXO ULGXWWRUH
3HU LO QRUPDOH XWLOL]]R LO FXVFLQHWWR GL JXLGD QRQ
,O ULGXWWRUH YLHQH IRUQLWR VHQ]D PRWRUH GL WUD]LRQH
QHFHVVLWD GL DOFXQD PDQXWHQ]LRQH
'XUDQWH LO PRQWDJJLR GHO PRWRUH Ù QHFHVVDULR
&RORQQHWWH GL ILVVDJJLR GHOOD UXRWD
YHULILFDUH FKH OH VXSHUILFL GL FRQWDWWR GHO PRWRUH
H GHOOಫDQHOOR GL JXLGD QRQ VLDQR VWDWH VFDOILWH R ,Q FDVR GL VRVWLWX]LRQH GL XQD FRORQQHWWD GL ILVVDJ
GDQQHJJLDWH JLR GHOOD UXRWD Ù LPSRUWDQWH SXOLUH OD ILOHWWDWXUD
GHOOD IODQJLD GHOOಫDOEHUR UXRWD GRSR DYHU VYLWDWR OD
,QROWUH Ù PROWR LPSRUWDQWH SHU HYLWDUH FKH JOL LQ
FRORQQHWWD XVXUDWD
JUDQDJJL VL GDQQHJJLQR D YLFHQGD FKH OಫDVVH GHO
SLJQRQH VLD SDUDOOHOR FRQ OಫDVVH GHOOಫLQJUDQDJJLR 3ULPD GL PRQWDUH XQD QXRYD FRORQQHWWD DVVLFX
FRQ FXL YD DG DFFRSSLDUVL LO SLJQRQH VWHVVR UDUVL FKH OD ILOHWWDWXUD GHOOD FRORQQHWWD H OD FDYLWÑ
ILOHWWDWD VLDQR SXOLWH H SULYH GL UHVLGXL GL ROLR H GL
1HO FDVR LQ FXL L SURILOL GHL GHQWL VLDQR VWDWL GDQQHJ
JUDVVR
JLDWL VL SURGXUUÑ XQ UXPRUH HFFHVVLYR GXUDQWH LO
IXQ]LRQDPHQWR GHO ULGXWWRUH QRUPDOPHQWH LQ XQD *XDUQL]LRQH GHOOಫDOEHUR PRWRUH
VROD GLUH]LRQH GL IXQ]LRQDPHQWR
3HU VRVWLWXLUH OD JXDUQL]LRQH GHOOಫDOEHUR UXRWD
VPRQWDUH LO FRSHUFKLR LQIHULRUH GHO ULGXWWRUH GRYH
,VWUX]LRQL SHU OಫDVVLVWHQ]D WHFQLFD DO ULGXWWRUH VL WURYD DQFKH LO WDSSR GHOOಫROLR ,Q TXHVWR PRGR VL
SXã DFFHGHUH DOOD YLWH FHQWUDOH GHOOಫDOEHUR UXRWD H
*OL LQWHUYHQWL WHFQLFL VXO ULGXWWRUH FRPSUHQGRQR L
VYLWDUOD
VHJXHQWL SXQWL
8QD YROWD VPRQWDWR OಫDOEHUR UXRWD VRVWLWXLUH OD
3LJQRQH HOLFRLGDOH
YHFFKLD JXDUQL]LRQH GHOOಫDOEHUR FRQ XQD QXRYD
,O SLJQRQH HOLFRLGDOH YD LQVWDOODWR GLUHWWDPHQWH
VXOOಫDOEHUR PRWRUH $77(1=,21(

'XUDQWH LO PRQWDJJLR GHO SLJQRQH HOLFRLGDOH Ù LP 3ULPD GL LQVHULUH OD JXDUQL]LRQH VXOOಫDOEHUR QHOOD SRVL
]LRQH FRUUHWWD Ù LPSRUWDQWH SXOLUH H SURWHJJHUH LPPH
SRUWDQWH HYLWDUH FKH LO SLJQRQH VXELVFD XUWL FDX
GLDWDPHQWH OD VXSHUILFLH GL FRQWDWWR GHOOಫDOORJJLDPHQWR
VDWL GD FROSL GL PDUWHOOR RG DOWUR GHOOD JXDUQL]LRQH GHOOಫDOEHUR

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 5LGXWWRUH
0DQXWHQ]LRQH ULGXWWRUH
3ULPD GL PRQWDUH GL QXRYR OಫDOEHUR UXRWD QHO ULGXW SUHFHGHQWH HG HYHQWXDOPHQWH DQFKH LO SLJQRQH
WRUH FRVSDUJHUH GL JUDVVR OD SDUWH LQWHUQD GHOOD FRQLFR
JXDUQL]LRQH GHOOಫDOEHUR SHU IDFLOLWDUQH LO PRQWDJ
3ULPD GL SRWHU HVWUDUUH LO SLJQRQH FRQLFR GDO VXR
JLR 6L SUHJD GL SUHVWDUH PROWD DWWHQ]LRQH QHOOR
DOORJJLDPHQWR Ù QHFHVVDULR VYLWDUH LO GDGR GL VL
VYROJLPHQWR GL TXHVWH RSHUD]LRQL LQ TXDQWR D
FXUH]]D SRVWR VXOOಫHVWUHPLWÑ ILOHWWDWD GHOOಫDOEHUR
YROWH VL YHULILFDQR GDQQL DOOD JXDUQL]LRQH GHOOಫDO
GHO SLJQRQH FRQLFR VWHVVR
EHUR GXUDQWH LO SURFHVVR GL DVVHPEODJJLR
3HU FRPSOHWDUH LO PRQWDJJLR GHOOಫDOEHUR UXRWD DY $77(1=,21(
YLWDUH OD YLWH FHQWUDOH ILQR DO VXR FRPSOHWR VHUUDJ ,O GDGR Ù EORFFDWR GD XQD FLDQIULQDWXUD FKH GHYH HV
JLR VHUH ULPRVVD SULPD GL SRWHU VYLWDUH LO GDGR

$77(1=,21( ,Q FDVR GL ULDVVHPEODJJLR GHO ULGXWWRUH GRSR OD

VRVWLWX]LRQH GL XQ TXDOVLDVL FRPSRQHQWH  Ù PROWR
3ULPD GL ILVVDUH OD YLWH YHULILFDUH FKH OಫLQWHUD FDYLWÑ ILOHW LPSRUWDQWH FKH OD SRVL]LRQH GHL FXVFLQHWWL D UXOOL
WDWD H OD YLWH VLDQR SXOLWH H SULYH GL UHVLGXL GL ROLRJUDVVR
FRQLFL VLD LPSRVWDWD FRUUHWWDPHQWH H FKH OD IRUPD
4XLQGL SURWHJJHUH OD ILOHWWDWXUD ,QROWUH Ù LPSRU GHOOH LPSURQWH GL FRQWDWWR VXO SURILOR GHJOL LQJUD
WDQWH XWLOL]]DUH FRPH SHU TXDOVLDVL YLWH OD FRSSLD QDJJL FRQLFL VLD FRUUHWWD 4XDQWR HVSRVWR Ù RW
GL VHUUDJJLR DGHJXDWD WHQLELOH VROR FRQ XQD SHUIHWWD VSHVVRUD]LRQH GHL
FXVFLQHWWL D UXOOL FRQLFL
6RVWLWX]LRQH GL LQJUDQDJJL R FXVFLQHWWL
3HU DYHUH XQ RULHQWDPHQWR VXOOD FRUUHWWD IRUPD
3HU OD VRVWLWX]LRQH GL LQJUDQDJJL HR FXVFLQHWWL
GHOOH LPSURQWH GL FRQWDWWR VXL GHQWL GHJOL LQJUD
VPRQWDUH OಫDOEHUR UXRWD FRPH LQGLFDWR QHO SXQWR
QDJJL GL XQ VLVWHPD GL WUDVPLVVLRQH DG LQJUDQDJJL
FRQLFL YHGHUH L GLVHJQL ULSRUWDWL GL VHJXLWR

5HJROD]LRQH GHO VLVWHPD GL LQJUDQDJJL FRQLFL

$77(1=,21( 3HU SRWHU HIIHWWXDUH TXHVWR FRQWUROOR RFFRUUH DS

SOLFDUH XQD YHUQLFH DG ROLR VXL GHQWL GHJOL LQJUD
¹ PROWR LPSRUWDQWH FKH OD IRUPD GHOOH LPSURQWH GL FRQ
WDWWR VXL GHQWL GHO VLVWHPD GL LQJUDQDJJL FRQLFL VLD FRU QDJJL 3HUWDQWRPHWWHQGR LQ PRYLPHQWR LO ULGXW
UHWWD WRUH GRSR DOFXQL JLUL FRPSDLRQR OXQJR L SURILOL FR
VSDUVL GL FRORUH GHOOH ]RQH OXFLGH FKH UDSSUHVHQ
9HULILFD GHOOH LPSURQWH GL FRQWDWWR VXL GHQWL GHJOL WDQR OH ]RQH GL FRQWDWWR GHL GHQWL GHJOL LQJUDQDJJL
LQJUDQDJJL FRQLFL VWHVVL
3HU UHJRODUH LO VLVWHPD GHJOL LQJUDQDJJL FRQLFL
YDOH OD VHJXHQWH UHJROD IDUH ULIHULPHQWR HVFOX
VLYDPHQWH DOOD IRUPD HG DOOD SRVL]LRQH GHOOH LP
SURQWH VXL SURILOL GHJOL LQJUDQDJJL H QRQ DO SRVL
]LRQDPHQWR GHO ORUR FRQWRUQR HVWHUQR

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 5LGXWWRUH 
0DQXWHQ]LRQH ULGXWWRUH
&RUUHWWD IRUPD GHOOH LPSURQWH VXL SURILOL

 /DWR LQWHUQR &RUUH]LRQL SRVVLELOL LQ IXQ]LRQH GHOOH UHDOL

 &UHVWD GHO GHQWH LPSURQWH ULVFRQWUDWH VXL GHQWL

 ,PSURQWD OXFLGD SRVL]LRQDWD YHUVR LO ODWR LQWHUQR ,Q IXQ]LRQH GHOOH LPSURQWH UHDOL H GDO ORUR FRQ
H YHUVR OD FUHVWD GHO GHQWH SLJQRQH IURQWR FRQ OH LPSURQWH WHRULFKH VL SRVVRQR HVH
JXLUH DOFXQH FRUUH]LRQL PHGLDQWH OಫXWLOL]]R GL DQHOOL
 ,PSURQWD OXFLGD SRVL]LRQDWD YHUVR LO ODWR LQWHUQR GL VSHVVRUD]LRQH GD LQVHULUH VRWWR LO SLJQRQH FR
H YHUVR OD FUHVWD GHO GHQWH FRURQD QLFR LQ PRGR GD ULVWDELOLUH LO JLRFR FRUUHWWR QHOOD
FRSSLD FRQLFD

0RGDOLWÑ GL UHJROD]LRQH 

 'LVWDQ]D HFFHVVLYD

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 5LGXWWRUH
0DQXWHQ]LRQH ULGXWWRUH
 ,PSURQWD YHUVR LO ODWR HVWHUQR VXOOD SDUWH SUR $YDQ]DPHQWR GHO SLJQRQH FRQLFR
IRQGD GHO GHQWH SLJQRQH
4XDQGR OH ಮLPSURQWH GL FRQWDWWR GHL GHQWLಯ VL SUH
 ,PSURQWD YHUVR LO ODWR LQWHUQR VXOOD SDUWH SUR VHQWDQR FRPH LQ ILJXUD RFFRUUH IDUH DYDQ]DUH LO
IRQGD GHO GHQWH SLJQRQH SLJQRQH YHUVR OD FRURQD DJJLXQJHQGR GHJOL VSHV
VRUL GLHWUR LO SLJQRQH VWHVVR
 ,PSURQWD YHUVR LO ODWR LQWHUQR VXOOD SDUWH SUR
IRQGD GHO GHQWH FRURQD
0RGDOLWÑ GL UHJROD]LRQH 
 ,PSURQWD YHUVR LO ODWR HVWHUQR VXOOD SDUWH SUR
IRQGD GHO GHQWH FRURQD

 *LRFR WURSSR SLFFROR 9HUVDUH OಫROLR QHOOD SDUWH VXSHULRUH GHO ULGXWWRUH
,O JLXVWR OLYHOOR GHOOಫROLR FRUULVSRQGH DO ERUGR LQIH
 ,PSURQWD YHUVR LO ODWR HVWHUQR YHUVR OD FUHVWD
ULRUH GHOOD FRURQD GHQWDWD LQJUDQDJJLR JUDQGH
GHO GHQWH SLJQRQH
VXSHULRUH
 ,PSURQWD YHUVR LO ODWR LQWHUQR YHUVR OD FUHVWD
(VHJXLUH LO SULPR FDPELR GHOOಫROLR GRSR OH SULPH
GHO GHQWH SLJQRQH
 RUH GL IXQ]LRQDPHQWR H L VXFFHVVLYL FDPEL
 ,PSURQWD YHUVR LO ODWR LQWHUQR YHUVR OD SDUWH RJQL  RUH GL IXQ]LRQDPHQWR R LQ DOWHUQDWLYD
SURIRQGD GHO GHQWH FRURQD DOPHQR XQD YROWD OಫDQQR
 ,PSURQWD YHUVR LO ODWR HVWHUQR YHUVR OD SDUWH 3HU HVWUDUUH OಫROLR GDO ULGXWWRUH VYLWDUH LO WDSSR
SURIRQGD GHO GHQWH FRURQD LQIHULRUH SHU OಫROLR SRVWR VXO FRSHUFKLR LQIHULRUH
GHO ULGXWWRUH
$UUHWUDPHQWR GHO SLJQRQH FRQLFR
3ULPD GL ULXWLOL]]DUH TXHVWR WDSSR DVVLFXUDUVL FKH
4XDQGR OH ಮLPSURQWH GL FRQWDWWR GHL GHQWLಯ VL SUH
OD SDUWH PDJQHWL]]DWD VLD SXOLWD H SULYD GL TXDO
VHQWDQR FRPH LQ ILJXUD RFFRUUH DUUHWUDUH LO SL
VLDVL FRQWDPLQD]LRQH
JQRQH WRJOLHQGR VSHVVRUL
/ಫROLR FRQVLJOLDWR SHU LO FDPELR Ù GHO WLSR 6$( 
: 
/XEULILFD]LRQH
,O ULGXWWRUH YLHQH IRUQLWR VHQ]D ROLR $VVLFXUDUVL
SHUWDQWR GL DYHU PHVVR OಫROLR SULPD GL XWLOL]]DUH LO
ULGXWWRUH SHU OD SULPD YROWD

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 5LGXWWRUH 
0DQXWHQ]LRQH ULGXWWRUH
6H]LRQH ULGXWWRUH

&RSSLH GL VHUUDJJLR
  1P
  1P
  1P

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 5LGXWWRUH
0DQXWHQ]LRQH ULGXWWRUH

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 &DUUR 
D

&RIDQL
$FFHVVLELOLWÑ LQWHUQD
3
3(5,&2/2
(ಫ DVVROXWDPHQWH YLHWDWR XWLOL]]DUH LO FDUUHOOR FRQ L FR
2
IDQL DSHUWL
3HU XWLOL]]DUH LO FDUUHOOR L FRIDQL SHU OಫDFFHVVLELOLWÑ LQ
WHUQD GHYRQR HVVHUH FKLXVL H ILVVDWL FRUUHWWDPHQWH

3(5,&2/2
3ULPD GL DFFHGHUH DOOH SDUWL LQWHUQH GHO FDUUHOOR DWWH
QHUVL D TXDQWR LQGLFDWR QHO FDSLWROR  GHQRPLQDWR œ 0D
QXWHQ]LRQH ¬
(ಫ YLHWDWR DFFHGHUH DOOH SDUWL LQWHUQH GHO FDUUHOOR D SHU
VRQDOH QRQ DXWRUL]]DWR GDO FRVWUXWWRUH

¾ 3HU DFFHGHUH DOOD EDWWHULD  HG DOOD UHODWLYD 1 OM1390

VSLQDSUHVD  VROOHYDUH LO FRSHUFKLR GHO YDQR
EDWWHULD  
¾ 3HU DFFHGHUH DOOH SDUWL LQWHUQH GHO FDUUHOOR
SDUWL HOHWWURQLFKH HOHWWULFKH PHFFDQLFKH
WRJOLHUH LO FRIDQR YDQR PRWRUL  VYLWDQGR OH
UHODWLYH YLWL  

5 5

5
4
OM1374

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 &DUUR
&RIDQL
6PRQWDJJLR FRIDQL
¾ 6YLWDUH OH  YLWL GL ILVVDJJLR FRIDQR

¾ $OOHQWDUH L  SXIIHU

¾ 7RJOLHUH L IDVWRQ FROOHJDWL DOOಫLQWHUUXWWRUH D

FKLDYH HG L FRQQHWWRUL DOOಫLQGLFDWRUH VWDWR EDW
WHULD

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 &DUUR 
&RIDQL
¾ 6H SUHVHQWH LO UDGGUL]]DWRUH D ERUGR RSWLRQDO
VILODUH OD VSLQD ILVVDWD DO FRIDQR HG LO FRQQHWWRUH
FROOHJDWR DO OHG LQGLFDWRUH FDULFD EDWWHULD

¾ 7RJOLHUH LO FRIDQR LQIHULRUH

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 &DUUR
&RIDQL

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 6WHU]R
D

7LPRQH
6PRQWDJJLR WHVWD WLPRQH H VRVWLWX
]LRQH VFKHGD WLPRQH
¾ 7UDPLWH FDFFLDVSLQH WRJOLHUH OD VSLQD GL ILVVDJ
JLR SXOVDQWH DQWLVFKLDFFLDPHQWR
¾ 7RJOLHUH OD YLWH GL ILVVDJJLR SXOVDQWH
¾ 7RJOLHUH OಫDQJRODUH FRPSUHQVLYR GHO SHUQR H
GHOOD PROOD GL FRPSUHVVLRQH
¾ 6YLWDUH OH GXH YLWL GL ILVVDJJLR VXSSRUWR SRWHQ
]LRPHWUR

¾ 5LPXRYHUH OH GXH FKLXVXUH VXSHULRUL

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 6WHU]R
7LPRQH
¾ 5LPXRYHUH OD VFKHGD WLPRQH

¾ 6YLWDOH OH TXDWWUR YLWL FKH ILVVDQR OD WHVWD FR

PDQGL DO WLPRQH

¾ 6FRQQHWWHUH OD JXDLQD WLPRQH

6PRQWDJJLR WLPRQH
¾ $EEDVVDUH LO WLPRQH

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 6WHU]R
7LPRQH
¾ 7RJOLHUH LO SDUDFROSL LQ JRPPD FKH WLHQH LQ WHQ
VLRQH OD FDWHQD VYLWDQGR OH GXH YLWL GL ILVVDJJLR

¾ 8WLOL]]DQGR XQ FDFFLDVSLQH WRJOLHUH OD VSLQD GL

EORFFDJJLR SHUQR FDUUXFROD 6ILODUH LO SHUQR OD
FDUUXFROD LO GLVWDQ]LDOH LQ JRPPD

¾ 8WLOL]]DQGR XQ FDFFLDYLWH HG XQD FKLDYH D IRU

FHOOD VYLWDUH OD YLWH GL ILVVDJJLR GHO WLUDQWH FD
WHQD

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 6WHU]R
7LPRQH
¾ 6ILODUH LO 7LUDQWH D PROOD

¾ 6YLWDUH LO GDGR FKH ILVVD OD JXDLQD WLPRQH DOOD

IODQJLD VXSSRUWR WLPRQH
¾ 6ILODUH OD JXDLQD GDOOD IODQJLD

¾ 8WLOL]]DQGR XQ FDFFLDVSLQH HG XQ PDUWHOOR

HVWUDUUH OD VSLQD GDO SHUQR FKH LQFHUQLHUD LO
WLPRQH

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 6WHU]R
7LPRQH
¾ (VWUDHQGR LO SHUQR LO WLPRQH VL GLVDFFRSSLD GDO
FDUUHOOR H OD JXDLQD WLPRQH SXã HVVHUH WROWD H
VRVWLWXLWD

¾ 5LPXRYHUH LO VXSSRUWR VHQVRUH WLPRQH VYL

WDQGR OH GXH YLWL GL ILVVDJJLR

¾ 6FDEODUH L WUH FDYL GHO VHQVRUH WLPRQH FROOHJDWL

DO SDQQHOOR

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 6WHU]R
7LPRQH
6PRQWDJJLR VXSSRUWR WLPRQH
¾ 6YLWDUH H WRJOLHUH OH TXDWWUR YLWL FKH ILVVDQR LO
VXSSRUWR WLPRQH DO ULGXWWRUH

127$

'XUDQWH LO ULPRQWDJJLR VHUUDUH OH VWHVVH YLWL FRQ

XQD FRSSLD GL VHUUDJJLR SDUL D 1P

¾ 5LPXRYHUH LO VXSSRUWR

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 5XRWH 
D

5XRWH
&RQWUROOR VHUUDJJLR UXRWH
಴ ,O FRQWUROOR GHO ILVVDJJLR GDGL UXRWH YD HIIHWWXDWR 1
TXRWLGLDQDPHQWH H TXDQGR VL VRVWLWXLVFH XQD
UXRWD
6
಴ 3HU OH PRGDOLWÑ GL VRVWLWX]LRQH UXRWD DWWHQHUVL 3
D TXDQWR LQGLFDWR QHO UHODWLYR FDSLWROR
಴ /D ILJXUD D ILDQFR LQGLFDQR OಫRUGLQH GL FKLXVXUD
GHL GDGL GL ILVVDJJLR UXRWH
಴ 'L VHJXLWR VRQR LQGLFDWL L YDORUL GL FRSSLD SHU LO 5
VHUUDJJLR GHL GDGL
4
5XRWD WUD]LRQH
2
 ¢ 1P
OM1380

&RQWUROOR VWDWR GL XVXUD UXRWH

/D VRVWLWX]LRQH GHOOH UXRWH H GHL UXOOL SUHVHQWL
VXO FDUUHOOR YD HVHJXLWD TXDQGR ULVXOWD HYLGHQWH
OಫXVXUD

127$

3HU OD VRVWLWX]LRQH GHOOH UXRWH H GHL UXOOL FRQWDWWDUH

LO FHQWUR DVVLVWHQ]D DXWRUL]]DWR GDO FRVWUXWWRUH

OM1290

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 5XRWH
5XRWH
6PRQWDJJLR H ULPRQWDJJLR UXRWD
WUD]LRQH
¾ 6ROOHYDUH WUDPLWH SDUDQFR LO FDUUHOOR DSSRJ
JLDUOR VX GHL FDYDOOHWWL LQ VLFXUH]]D
¾ 5XRWD PRWULFH WRJOLHUH OD UXRWD VYLWDQGR OH Q¡
YLWL GL VHUUDJJLR

127$

'XUDQWH LO ULPRQWDJJLR VHUUDUH OH YLWL FRQ XQD FRS

SLD GL VHUUDJJLR SDUL D 1P

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 5XRWH 
5XRWH
6PRQWDJJLR H ULPRQWDJJLR UXRWD
SLYRWDQWH
¾ 6ROOHYDUH WUDPLWH SDUDQFR LO FDUUHOOR DSSRJ
JLDUOR VX GHL FDYDOOHWWL LQ VLFXUH]]D
¾ 6H VL GHVLGHUD UHJRODUH OಫDOWH]]D GHOOD UXRWD
LQ IXQ]LRQH GHOOಫXVXUD VYLWDUH OD YLWH GL ILVVDJ
JLR UXRWD H VSRVWDUH LO JUDQR DOOಫLQWHUQR GHOOD
JKLHUD

¾ 3HU VRVWLWXLUH OD UXRWD FRPSOHWD R LO FXVFLQHWWR

GHOOD UXRWD SLYRWDQWH WRJOLHUH LO VHHJHU VXSH
ULRUH

¾ ,QVHULUH XQD YLWH 0 QHO IRUR ILOHWWDWR GHOOD

UXRWD SLYRWWDQWH

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 5XRWH
5XRWH
¾ 6IUXWWDQGR OD YLWH PDUWHOODUH [ HVWUDUUH OD UXRWD
SLYRWWDQWH

¾ 7RJOLHUH LO VHHJHU LQIHULRUH

¾ $ TXHVWR SXQWR GL SXã VRVWLWXLUH LO FXVFLQHWWR

¾ 2SSXUH OಫLQWHUD UXRWD SLYRWDQWH

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 ,PSLDQWR HOHWWULFR HG HOHWWURQLFR 
D

,PSLDQWR HOHWWULFR  HOHWWURQLFR LQ JHQHUDOH

6FKHPD IXQ]LRQDOH FRQWUROOR HOHWWURQLFR

 %DWWHULD 9 GF  (QFRGHU PRWRUH WUD]LRQH

 3XOVDQWH GL HPHUJHQ]D  )UHQR HOHWWURPDJQHWLFR
 6FKHGD WLPRQH WHUPRELODQFLDWD  $YYLVDWRUH DFXVWLFR
 7HOHUXWWRUH JHQHUDOH  6HQVRUH SRVL]LRQH WLPRQH
 )XVLELOH SRPSD  %RELQD WHOHUXWWRUH SULQFLSDOH
 7HOHUXWWRUH GL VROOHYDPHQWR  %RELQD WHOHUXWWRUH VROOHYDPHQWR WHPSRUL]
 )XVLELOH WUD]LRQH ]DWD
 0RWRUH WUD]LRQH $&  (OHWWURYDOYROD 212)) GL GLVFHVD
 0RWRUH VROOHYDPHQWR  )XVLELOH GL SURWH]LRQH FLUFXLWL DXVLOLDUL
 3& GL GLDJQRVWLFD

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 ,PSLDQWR HOHWWULFR HG HOHWWURQLFR
,PSLDQWR HOHWWULFR  HOHWWURQLFR LQ JHQHUDOH
 œ ,%6 ¬ LQGLFDWRUH VWDWR EDWWHULD H FRQWDRUH
RSSXUH œ ,QGLFDWRUH D /HG ¬ LQGLFDWRUH EDWWH
ULD VFDULFD
 ,PSLDQWR HOHWWURQLFR

127$

3HU VHPSOLILFDUH OR VFKHPD QRQ VRQR VWDWL LQVHULWL

JOL DOOHVWLPHQWL RS]LRQDOL

&DUDWWHULVWLFKH SULQFLSDOL GHOOಫLP

SLDQWR HOHWWURQLFR
಴ 7HQVLRQH GL DOLPHQWD]LRQH QRPLQDOH 9 FF
಴ &RUUHQWH PDVVLPD SHU LO PRWRUH WUD]LRQH $
FF SHU YHUVLRQH  .J  $ SHU YHUVLRQL
   .J
಴ 'LYHUVH FRQILJXUD]LRQL GL IXQ]LRQDPHQWR VH
OH]LRQDELOL GD FRQVROH SHU ULVSRQGHUH DOOH YDULH
HVLJHQ]H GHOOಫXWLOL]]DWRUH
಴ %XRQD HIILFLHQ]D GHO PRWRUH GL WUD]LRQH JUD]LH
DOOಫDOWD IUHTXHQ]D GL FRPPXWD]LRQH GHL WUDQVL
VWRUL 026)(7 GL SRWHQ]D
಴ )XQ]LRQDPHQWR VLOHQ]LRVR DG DOWD IUHTXHQ]D
಴ 'LDJQRVWLFD FRPSOHWD DWWUDYHUVR OD FRQVROH H LO
/(' GL VWDWR LQWHUQR
಴ )UHQDWXUD ULJHQHUDWLYD FKH SHUPHWWH GLVWDQ]H
GL DUUHVWR SLê FRUWH DXPHQWD OಫHQHUJLD XWLOL]]D
ELOH GHOOD EDWWHULD H ULGXFH LO ULVFDOGDPHQWR GHO
PRWRUH H GHO IUHQR
಴ ,QJUHVVL FRPSOHWDPHQWH SURWHWWL H GULYHU GHOOH
XVFLWH SURWHWWL GD FRUWRFLUFXLWL
಴ 3URWH]LRQL LQWHUQH SHU LQYHUVLRQL GL SRODULWÑ

 /HG GL VWDWR
 ;
 ;

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 ,PSLDQWR HOHWWULFR HG HOHWWURQLFR 
,PSLDQWR HOHWWULFR  HOHWWURQLFR LQ JHQHUDOH
,QJUHVVL H XVFLWH LPSLDQWR œ &XUWLV ¬
&RQQHWWRUH ;

)XQ]LRQL
3LQ 1RPH ,QJUHVVL 8VFLWH
 T T
 .6, &KLDYH
 ,QWHUORFN ,QWHUORFN
 00 PRGH 0RGDOLWÑ 00
 /LIW 6ROOHYDPHQWR IRUFKH
    1RQ XWLOL]]DWR
 7KURWWOH SRWBZLSHU 3RWHQ]LRPHWUR WUD]LRQH
    1RQ XWLOL]]DWR
    1RQ XWLOL]]DWR
    1RQ XWLOL]]DWR
 /RZHU 'LVFHVD IRUFKH
    1RQ XWLOL]]DWR
    1RQ XWLOL]]DWR
 ):' 0DUFLD DYDQWL
 5(9 0DUFLD LQGLHWUR
 %HOO\ %HOO\
 %HOO\ FKHFN %HOO\ FKHFN
 6WDWXVBOHG 1RQ XWLOL]]DWR /HG GL VWDWR
 %DWWBOHG 1RQ XWLOL]]DWR 6WDWR EDWWHULD
$OLPHQWD]LRQH SRVLWLYD
 'LVSVXSSO\ 9
VHQVRUH WLPRQH
$OLPHQWD]LRQH QHJDWLYD
 'LVS *URXQG
VHQVRUH WLPRQH
    1RQ XWLOL]]DWR
 . 1HJDWLYR WHOHUXWWRUH WUD]LRQH
 . 1HJDWLYR WHOHUXWWRUH SRPSD
 < 1HJDWLYR HOHWWURYDOYROD GL GLVFHVD

&RQQHWWRUH ;

3LQ 1RPH ,QJUHVVL 8VFLWH )XQ]LRQL

 (1& $OLPHQWD]LRQH SRVLWLYD HQFRGHU
 (1&B$ (QFRGHU $
 %5$.( UHWXUQ 3RVLWLYR HOHWWURYDOYROD GL GLVFHVD
 (1&B% (QFRGHU %
 (1& $OLPHQWD]LRQH QHJDWLYD HQFRGHU
 %5$.( 1HJDWLYR IUHQR HOHWWURPDJQHWLFR

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 ,PSLDQWR HOHWWULFR HG HOHWWURQLFR
,PSLDQWR HOHWWULFR  HOHWWURQLFR LQ JHQHUDOH
6RVWLWX]LRQH IXVLELOL
$77(1=,21(
4
3 3ULPD GL VRVWLWXLUH LO IXVLELOH HOLPLQDUH OD FDXVD FKH KD
GHULYDWR OD VXD EUXFLDWXUD ,O IXVLELOH JXDVWR GHYH HV
VHUH VRVWLWXLWR VROR GD XQ IXVLELOH GL SDUL DPSHUDJJLR
1RQ PDQRPHWWHUH OಫLPSLDQWR HOHWWULFR GHO FDUUHOOR

಴ $FFHGHUH DL IXVLELOL FRPH LQGLFDWR QHO SDUD

JUDIR œ $FFHVVLELOLWÑ LQWHUQD ¬
಴ , IXVLELOL GL SRWHQ]D  H  VRQR SRVL]LRQDWL
1 YLFLQR DL WHOHUXWWRUL L IXVLELOL GHL VHUYL]L IXVLELOL
  VRQR SRVL]LRQDWL QHO UHODWLYR SRUWDIXVLELOH
)XVLELOL GL SRWHQ]D
಴ $OOHQWDUH OH YLWL VRVWLWXLUH L IXVLELOL  H  H
ULDYYLWDUH OH YLWL
2 OM1384
)XVLELOL VHUYL]L
಴ 7RJOLHUH LO FRSHUFKLR H VRVWLWXLUH LO IXVLELOH EUX
಴ 6SHJQHUH LO FDUUHOOR HG HIIHWWXDUH OH RSHUD]LRQL FLDWR TXLQGL ULPHWWHUH LO FRSHUFKLR
SUHOLPLQDUL DOOD PDQXWHQ]LRQH
9DORUL IXVLELOL
3(5,&2/2
಴  )XVLELOH WUD]LRQH ) $ SHU OD YHU
4XHVWD RSHUD]LRQH GHYH HVVHUH HIIHWWXDWD GD SHUVR VLRQH NJ
QDOH WHFQLFR TXDOLILFDWR HG DELOLWDWR ಴  )XVLELOH WUD]LRQH ) $ SHU OD YHU
VLRQH    NJ
಴  )XVLELOH SRPSD ) $
಴  )XVLELOH ) $
಴  )XVLELOH ) $

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 ,PSLDQWR HOHWWULFR HG HOHWWURQLFR 

%DWWHULH
,QGLFDWRUH VWDWR EDWWHULD H FRQWDRUH
/R VWUXPHQWR Ù VXGGLYLVR LQ GXH ]RQH H SUHFLVD
PHQWH B
0 1/2 1
=RQD $ A1
಴ ,QGLFD LO WHPSR HVSUHVVR LQ RUH GL IXQ]LRQD
PHQWR HIIHWWLYR GHO FDUUHOOR
- +
಴ 4XDQGR LO FRQWDRUH IXQ]LRQD OಫRURORJLR œ $ ¬
ODPSHJJLD OH FLIUH YLVXDOL]]DWH VRQR FLQTXH
SLê XQD FLIUD GHFLPDOH ,O FRQWHJJLR GHOOH RUH Ù
1
10

SURJUHVVLYR H SDUWH GD ]HUR

A
=RQD %
಴ ,QGLFD LO OLYHOOR GL FDULFD GHOOD EDWWHULD Ù VXGGL
OM0846
YLVR LQ GLHFL VHWWRUL FRQ ULVSHWWLYL OHG FRORUDWL
಴ &RQ EDWWHULD FDULFD DO  LO OHG ULPDQH DF
FHVR
಴ 'XUDQWH OD VFDULFD GHOOD EDWWHULD L OHG VL DFFHQ
GRQR XQR DOOD YROWD GD GHVWUD YHUVR VLQLVWUD
SDUWHQGR GDO OHG  FKH LQGLFD OR VWDWR GL EDWWH
ULD FRPSOHWDPHQWH FDULFD 0 1/2 1
಴ &RQ OD EDWWHULD VFDULFD DOOಫ  LO OHG  ODP
SHJJLD LQGLFDQGR FKH OD EDWWHULD Ù LQ ULVHUYD H
TXLQGL GHYH HVVHUH FDULFDWD 3RUWDUH LO FDUUHOOR
QHOOD ]RQD GL FDULFD HG HVHJXLUH OಫRSHUD]LRQH
GL FDULFD GHOOD EDWWHULD 1 2 3 4 5 6 7 8 9 10
಴ &RQ OD EDWWHULD VFDULFD DOOಫ  L OHG  H  ODP
SHJJLDQR DOWHUQDWLYDPHQWH $ TXHVWD VRJOLD GL
VFDULFD FಫÙ LO EORFFR GHO VROOHYDPHQWR
- +
$77(1=,21(
OM0847
5LFDULFDUH OD EDWWHULD DO PDVVLPR HQWUR LO  GL VFD 1
ULFD OHG  ODPSHJJLDQWH  DO GL VRWWR GL TXHVWD VRJOLD LO
FDUUHOOR QRQ VROOHYD &RORUD]LRQL /HG
 /HG 5RVVL
     /HG $UDQFLRQL
         /HG 9HUGL

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 ,PSLDQWR HOHWWULFR HG HOHWWURQLFR
%DWWHULH

,QGLFDWRUH D OHG
/HG œ  ¬
2
಴ ,O OHG GL FRORUH URVVR VL DFFHQGH TXDQGR OD EDW 1
WHULD Ù VFDULFD

127$

&RQ OD EDWWHULD VFDULFD LO VROOHYDPHQWR Ù GLVDELOL

WDWR
$77(1=,21( + -
?
4XDQGR LO OHG URVVR œ  ¬ VL DFFHQGH ULFDULFDUH OD EDWWH
ULD

/HG œ  ¬
಴ ,QGLFD OR VWDWR GHO FRQWUROOHU H OಫDFFHQVLRQH GHO OM1375
FDUUHOOR
&RORUD]LRQL /HG
಴ ,O OHG GL FRORUH YHUGH ODPSHJJLD FRVWDQWHPHQWH  /HG 5RVVR
TXDQGR LO FDUUHOOR Ù DFFHVR  /HG 9HUGH
಴ ,Q FDVR GL DQRPDOLH GL IXQ]LRQDPHQWR OಫLQWHQ
VLWÑ GL IUHTXHQ]D GHO OHG FDPELD IRUQHQGR LQGL
FD]LRQL VXO WLSR GL JXDVWR DL WHFQLFL GHO 6HUYL]LR
DVVLVWHQ]D WHFQLFD

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 ,PSLDQWR HOHWWULFR HG HOHWWURQLFR 
%DWWHULH

6RVWLWX]LRQH EDWWHULD
಴ 6SHJQHUH LO FDUUHOOR HG HIIHWWXDUH OH RSHUD]LRQL
SUHOLPLQDUL DOOD PDQXWHQ]LRQH
಴ 6ROOHYDUH LO FRIDQR  FRSULEDWWHULD
಴ 6WDFFDUH OD SUHVD  GDOOD VSLQD  
಴ 7RJOLHUH L IHUPL EDWWHULD  
಴ $JJDQFLDUH OD EDWWHULD QHL GXH SXQWL  FRQ
XQD IXQH RSSRUWXQDPHQWH GLPHQVLRQDWD LQ
IXQ]LRQH DO SHVR GHOOD EDWWHULD
಴ 6ROOHYDUH OD EDWWHULD FRQ XQ SDUDQFR DGHJXD
WDPHQWH GLPHQVLRQDWR ULVSHWWR DO SHVR GHOOD
EDWWHULD VWHVVD
಴ 6RVWLWXLUH OD EDWWHULD H ULPRQWDUOD DJHQGR LQ
VHQVR LQYHUVR

$77(1=,21(
3HU LO WLSR GL EDWWHULD GD XWLOL]]DUH DWWHQHUVL DOOH FDUDWWH
ULVWLFKH GHOOD VWHVVD LQGLFDWH QHO FDSLWROR ಮ '$7, 7(&
1,&,ಯ

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 ,PSLDQWR HOHWWULFR HG HOHWWURQLFR
%DWWHULH

9HULILFD OLYHOOR H GHQVLWÑ HOHWWUROLWD

಴ 6ROOHYDUH LO FRIDQR  H FRQWUROODUH LO OLYHOOR H OD
GHQVLWÑ GHOOಫHOHWWUROLWR FRPH LQGLFDWR QHOOH LVWUX
]LRQL GHOOD EDWWHULD
1

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 ,PSLDQWR HOHWWULFR HG HOHWWURQLFR 
%DWWHULH
5LFDULFD GHOOD EDWWHULD

$77(1=,21( ಴ $FFHQGHUH LO FDULFDEDWWHULD HVWHUQR

/D FDULFD GHOOD EDWWHULD VL HIIHWWXD FRQ LO FDUUHOOR VSHQWR ಴ &ROOHJDUH OD SUHVD EDWWHULD DO FDULFDEDWWHULD SHU
LQL]LDUH OD FDULFD
಴ 'RSR DYHU FRPSOHWDWR OD FDULFD GHOOD EDWWHULD
3(5,&2/2 VSHJQHUH LO FDULFDEDWWHULD
/D FDULFD GHOOD EDWWHULD GHYH HVVHUH HIIHWWXDWD LQ OR ಴ 6WDFFDUH OD SUHVD GDO FDULFDEDWWHULD
FDOL FRQIRUPL DOOH QRUPH VSHFLILFKH LQ PDWHULD 3HU OH ಴ 5LFROORFDUH L WDSSL GHOOD EDWWHULD VH SUHFHGHQ
PRGDOLWÑ GL FDULFD GL FRQWUROOR GHL OLYHOOL HFF IDUH UL WHPHQWH ULPRVVL 
IHULPHQWR DO PDQXDOH GHOOD EDWWHULD H DO PDQXDOH GHO
FDULFDEDWWHULD XWLOL]]DWR DFFHUWDQGRVL GHOOD WHQVLRQH ಴ &ROOHJDUH QXRYDPHQWH OD VSLQD GHOOD EDWWHULD
HURJDWD 3HU OH DYYHUWHQ]H GL VLFXUH]]D DWWHQHUVL D DOOD SUHVD
TXDQWR GHVFULWWR QHO PDQXDOH GHOOD EDWWHULD H QHO SD
UDJUDIR œ 1RUPH GL VLFXUH]]D ¬ FRQWHQXWR QHO SUHVHQWH ಴ $EEDVVDUH LO FRIDQR FRSULEDWWHULD
PDQXDOH
127$
಴ $FFHGHUH DOOD SDUWH VXSHULRUH GHOOD EDWWHULD
FRPH GHVFULWWR QHO SDUDJUDIR œ $FFHVVLELOLWÑ 3HU PDJJLRUL LQIRUPD]LRQL FRQVXOWDUH LO PDQXDOH
LQWHUQD ¬ GಫXVR VSHFLILFR GHO FDULFD EDWWHULD
಴ 5LPXRYHUH L WDSSL GHOOD EDWWHULD VH LQGLFDWR QHO
OLEUHWWR GL PDQXWHQ]LRQH EDWWHULD 

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 ,PSLDQWR HOHWWULFR HG HOHWWURQLFR
%DWWHULH

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 &RPSRQHQWL ,GUDXOLFL
D

&HQWUDOLQD ,GUDXOLFD
6RVWLWX]LRQH FHQWUDOLQD LGUDXOLFD
¾ 8WLOL]]DQGR XQ FDFFLDYLWH D FURFH VYLWDUH OD YLWH
GL ILVVDJJLR GHO FRQQHWWRUH HOHWWURYDOYROH SRL
VWDFFDUOR PDQXDOPHQWH

¾ 6WDFFDUH LO WXER LGUDXOLFR WRJOLHQGR OD YLWH GL ILV

VDJJLR

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 &RPSRQHQWL ,GUDXOLFL
&HQWUDOLQD ,GUDXOLFD
¾ 6FROOHJDUH L  FDYL HOHWWULFL GHOOD SRPSD ,O
SULPR FDYR Ù FROOHJDWR DO WHOHUXWWRUH SRPSD

¾ ,O VHFRQGR FDYR Ù FROOHJDWR DO PRUVHWWR ಥ%

GHOOಫLPSLDQWR HOHWWURQLFR

¾ 6YLWDUH OH Q¡ YLWL GL ILVVDJJLR SRPSD DO WHODLR

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 &RPSRQHQWL ,GUDXOLFL
&HQWUDOLQD ,GUDXOLFD
0DQXWHQ]LRQH FHQWUDOLQD LGUDXOLFD
¾ 6PRQWDJJLR YDOYROD GL QRQ ULWRUQR VYLWDUH OD
YDOYROD XWLOL]]DQGR XQD FKLDYH D EUXJROD Q¡

¾ 'HWWDJOLR YDOYROD GL QRQ ULWRUQR 3HU LO ULPRQ

WDJJLR GHOOD QXRYD YDOYROD SURFGHUH LQ VHQVR
LQYHUVR

¾ 6PRQWDJJLR VHUEDWRLR H SRPSD 6YLWDUH OH 

YLWL GL ILVVDJJLR XWLOL]]DQGR XQ FDFFLDYLWH 7;
0DQXDOPHQWH WRJOLHUH LO VHUEDWRLR H OD SRPSD

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 &RPSRQHQWL ,GUDXOLFL
&HQWUDOLQD ,GUDXOLFD
¾ 6RVWLWX]LRQH *LXQWR 2OGKDP LQ FDVR GL URWWXUD
VRVWLWXLUH LO JLXQWR HYLGHQ]LDWR LQ ILJXUD

¾ 6RVWLWX]LRQH ERELQD YDOYROD RQRII 6YLWDUH OD

YLWH PRVWUDWD LQ ILJXUD XWLOL]]DQGR XQD FKLDYH
Q¡

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 &RPSRQHQWL ,GUDXOLFL
&HQWUDOLQD ,GUDXOLFD
¾ 6PRQWDJJLR IUXWWR ERELQD XWLOL]]DUH XQD
FKLDYH Q¡

¾ 6RVWLWX]LRQH YDOYROD GL PDVVLPD 6YLWDUH OD

YDOYROD GL PDVVLPD XWLOL]]DQGR XQD FKLDYH
Q¡ H VRVWLWXLUOD SURFHGHQGR LQ VHQVR LQ
YHUVR

¾ 5HJLVWUD]LRQH YDOYROD GL PDVVLPD 8WLOL]]DQGR

 FKLDYL DOOHQWDUH LO FRQWURGDGR LQ WHVWD DOOD YDO
YROD

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 &RPSRQHQWL ,GUDXOLFL
&HQWUDOLQD ,GUDXOLFD
¾ 8WLOL]]DQGR XQ FDFFLDYLWH UHJRODUH OD YLWH GL UH
JLVWUR LQ WHVWD DOOD YDOYROD GL PDVVLPD UHJR
ODQGR OD SUHVVLRQH GಫLQWHUYHQWR GHOOD YDOYROD
VWHVVD

¾ 'RSR OD UHJLVWUD]LRQH VWULQJHUH QXRYDPHQWH LO

FRQWURGDGR

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 6LVWHPD VXSSRUWR FDULFR
D

7LUDQWL H OHYHULVPL
5LPR]LRQH OHYHULVPL
¾ $O]DUH OH IRUFKH H SRVL]LRQDUH VRWWR OD SXQWD
XQD WUDYH GL OHJQR
¾ $EEDVVDUH OH IRUFKH  LQ DSSRJJLR VXO OHJQR
ILQR DO ILQHFRUVD LQIHULRUH LQ PRGR GD DOOHJJH
ULUH L OHYHULVPL
¾ 0HGLDQWH OಫXWLOL]]R GL XQ FDFFLDVSLQH DGHJXDWR
ULPXRYHUH OD VSLQD HODVWLFD GHO SHUQR SULQFL
SDOH
¾ 5HFXSHUDUH OD VSLQD HODVWLFD

¾ 8WLOL]]DQGR XQ WUDILODWR GL PHWDOOR WHQHUR EDW

WHUH VXO SHUQR SULQFLSDOH HG HVWUDUOR
¾ ,O WRQGR SUHQGHUÑ LO SRVWR GHO SHUQR

$77(1=,21(
6ILODQGR LO WUDILODWR OD OHYD FDGH
1RQ VFKLDFFLDUVL OH PDQL

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 6LVWHPD VXSSRUWR FDULFR
7LUDQWL H OHYHULVPL
¾ $SSRJJLDUH LO OHYHULVPR VRSUD DG XQ WUDYHUVLQR
GL OHJQR
¾ 8WLOL]]DQGR XQ FDFFLDVSLQH HVWUDUUH OD VSLQD
HODVWLFD GHO SHUQR VHFRQGDULR

¾ 8WLOL]]DQGR XQ PDUWHOOR EDWWHUH VXO SHUQR VH

FRQGDULR HG HVWUDUOR ,O JUXSSR GHOOD IRUFHOOD VL
VHSDUHUÑ GDO WLUDQWH

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 6LVWHPD VXSSRUWR FDULFR
7LUDQWL H OHYHULVPL
¾ $SSRJJLDUH LO JUXSSR GHOOD IRUFHOOD VX GL XQ OH
JQR LQ PRGR FKH L SHUQL GHL UXOOL ULPDQJDQR VRO
OHYDWL GD WHUUD
0HGLDQWH XQ FDFFLDVSLQH GL GLDPHWUR DGHJXDWR
HVWUDUUH OH VSLQH HODVWLFKH GL HQWUDPEL L SHUQL

¾ %DWWHUH VX L SHUQL GHL UXOOL SHU HVWUDUOL GDL FXVFL

QHWWL

127$

6H L SHUQL IRVVHUR EORFFDWL HVWUDUOL XWLOL]]DQGR XQD

SUHVVD LGUDXOLFD

¾ 'RSR DYHU ULPRVVR L UXOOL VILODUH L ELODQFLHUL

127$

9HULILFDUH FKH LO SHUQR GHL ELODQFLHUL QRQ VLD XVX

UDWR ,Q WDO FDVR VRVWLWXLUOR

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 6LVWHPD VXSSRUWR FDULFR
7LUDQWL H OHYHULVPL
¾ 6YLWDUH OD YLWH GL ULWHQXWD GHO SHUQR SULQFLSDOH
GHOOD IRUFHOOD SRVWHULRUH /D YLWH Ù SRVL]LRQDWD
VRWWR LO YDQR PRWRUL

127$

5LPXRYHUH OD EDWWHULD SULPD GL SURFHGHUH FRQ OR

VPRQWDJJLR GHOOH IRUFHOOH SRVWHULRUL

¾ 8WLOL]]DQGR XQ SXQ]RQH GD PP VXIILFLHQWH

PHQWH OXQJR R XQD FKLDYH D 7 EDWWHUH DWWUD
YHUVR LO IRUR GL HVWUD]LRQH GHOOD VSLQD HODVWLFD
GL ULWHQXWD GHO VHFRQGR SHUQR GHOOD IRUFHOOD SR
VWHULRUH

127$

(IIHWWXDUH TXHVWD RSHUD]LRQH DOOಫLQWHUQR GHO YDQR

EDWWHULD

¾ /D VSLQD HODVWLFD GHO VHFRQGR SHUQR XVFLUÑ VXO

ODWR LQIHULRUH GHO FDUUHOOR

¾ 0HGLDQWH XQ WUDILODWR GL PHWDOOR WHQHUR EDWWHUH

DWWUDYHUVR LO IRUR GL HVWUD]LRQH VXO SHUQR SULQFL
SDOH GHOOD IRUFHOOD SRVWHULRUH

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 6LVWHPD VXSSRUWR FDULFR
7LUDQWL H OHYHULVPL
¾ 8WLOL]]DQGR XQ PDUWHOOR EDWWHUH VXO SHUQR VH
FRQGDULR GHOOD IRUFHOOD SRVWHULRUH SHU HVWUDUOR

127$

,O WUDILODWR SUHQGHUÑ LO SRVWR GHO SHUQR

$77(1=,21(
6ILODQGR LO WUDILODWR OD OHYD FDGH
1RQ VFKLDFFLDUVL OH PDQL

¾ 'RSR DYHU ULPRVVR LO JUXSSR GHL OHYHULVPL PH

GLDQWH LO FDFFLDVSLQH EDWWHUH SHU HVWUDUUH OD
VSLQD HODVWLFD GHO SHUQR GHO WLUDQWH GHOOD IRU
FHOOD SRVWHULRUH

¾ $ TXHVWR SXQWR LO JUXSSR GHL OHYHULVPL Ù SURQWR

SHU HVVHUH UHYLVLRQDWR

¾ 9HULILFDUH OಫXVXUD GHL SHUQL GHL ELODQFLHUL GHOOH

ERFFROH GHL UXOOL H GHJOL DQHOOL SDUDILOL 

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 6LVWHPD VXSSRUWR FDULFR
7LUDQWL H OHYHULVPL
¾ 9HULILFDUH OಫXVXUD GHL SHUQL H GHOOH ERFFROH

5LPR]LRQH H VRVWLWX]LRQH ERFFROH

¾ 6WULQJHUH QHOOD PRUVD OD IRUFHOOD H XWLOL]]DQGR
XQ SXQ]RQH DYHQWH XQ GLDPHWUR OHJJHUPHQWH
LQIHULRUH D TXHOOR GHOOH ERFFROH HVWUDUOH ¹
SRVVLELOH FRVWUXLUVL LQ SUHFHGHQ]D L SXQ]RQL
SHU RJQL WLSR GL ERFFROD

¾ ¹ SRVVLELOH XWLOL]]DUH DQFKH GHOOH YLWL D WHVWD

VYDVDWD GL RSSRUWXQR GLDPHWUR

$77(1=,21(
6FKLDFFLDPHQWR PDQLL
6H VL XWLOL]]DQR XWHQVLOL PROWR FRUWL FRPH OH YLWL 7HQHUOL
FRQ OD SLQ]D 1RQ FRQ OH GLWD GHOOD PDQR

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 6LVWHPD VXSSRUWR FDULFR

¾ 'RSR DYHU ULPRVVR WXWWH OH ERFFROH ULSULVWL

QDUOH FRQ OH QXRYH
¾ 3HU TXDQWR ULJXDUGD OD IRUFHOOD DQWHULRUH OH
ERFFROH GHL ELODQFLHUL QRQ SUHVHQWDQR LO IRUR GL
SDVVDJJLR GHO JUDVVR H SHU TXHVWR QRQ KDQQR
XQಫRULHQWDPHQWR /ಫLQVHU]LRQH GHOOH ERFFROH
YLHQH HIIHWWXDWD EDWWHQGR FRQ OD VXSHUILFLH
SLDWWD GHO PDUWHOOR RSSXUH LQWHUSRQHQGR XQ
FLOLQGUR SLHQR GL PHWDOOR IUD LO PDUWHOOR H OD
ERFFROD

¾ 5LVSHWWDUH OಫRULHQWDPHQWR GHOOH ERFFROH

¾ ,O IRUR GHOOD ERFFROD YD SRVL]LRQDWR LQ FRU
ULVSRQGHQ]D GHO IRUR GL DOLPHQWD]LRQH GHO
JUDVVR GHOOD IRUFHOOD 3HU LQGLYLGXDUOR IDUH
DWWHQ]LRQH DOOD SRVL]LRQH GHOOಫLQJUDVVDWRUH

$77(1=,21(
6RVWLWXLUH WXWWH OH ERFFROH
¹ VFRQVLJOLDELOH VRVWLWXLUQH XQD VROD R TXHOOH GL XQ VROR
OHYHULVPR 'RSR DYHU ULSULVWLQDWR WXWWH OH ERFFROH UL
FRPSRUUH WXWWR LO JUXSSR OHYHULVPL FRPSUHQVLYR GHL WL
UDQWL H UXOOL
D

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  

 6LVWHPD VXSSRUWR FDULFR

 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

&RS\ULJKW E\
20 &DUUHOOL (OHYDWRUL 6S$
9LDOH 'H *DVSHUL 
, /DLQDWH

ZZZRPPKFRP

 ,7 ಥ (GL]LRQH 

0DQXDOH SHU RIILFLQD
)DPLJOLD 

7/DF

$SSHQGLFH
 ,7

(GL]LRQH 
 6FKHPL $
D

6FKHPL (OHWWULFL
6FKHPD GL FROOHJDPHQWR HOHWWULFR NJNJ  IRJOLR 

$ ,PSLDQWR HOHWWURQLFR WUD]LRQH  + $YYLVDWRUH DFXVWLFR  6 6HQVRUH WLPRQH  ;; &RQQHWWRUH 0ROH[ 0LQL)LW  YLH 
$ 6FKHGD WLPRQH  . 7HOHUXWWRUH WUD]LRQH   9 6RSSUHVVRUH GL SLFFKL  ; 3UHVDVSLQD FLOLQGULFD SUHLVRODWD 
% (QFRGHU PRWRUH WUD]LRQH  . 7HOHUXWWRUH VROOHYDPHQWR   9 6RSSUHVVRUH GL SLFFKL  ; &RQWDWWR IDVWRQ IHPPLQD 
) )XVLELOH $  0 0RWRUH WUD]LRQH $& N:  ;$ &RQQHWWRUH 0ROH[ 0LQL )LW  YLH  ; &RQQHWWRUH 0ROH[ 0LQL)LW  YLH 
) )XVLELOH $  0 0RWRUH VROOHYDPHQWR  ; &RQQHWWRUH EDWWHULD  ; &RQQHWWRUH 6DDE EN  YLH   
) )XVLELOH WUD]LRQH $  3 ,QGLFDWRUH EDWWHULD VFDULFD  ; &RQQHWWRUH 0ROH[ 0LQL)LW  YLH    ; &RQQHWWRUH ',1 
) )XVLELOH SRPSD $  6 &KLDYH  ; &RQQHWWRUH 0ROH[ 0LQL)LW  YLH    9 6RSSUHVVRUH GL SLFFKL 
* %DWWHULD  6 3XOVDQWH HPHUJHQ]D  ; &RQQHWWRUH 0ROH[ 0LQL)LW YLH  % 6HQVRUH WHUPLFR PRWWUD]LRQH .7<  

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  $

$ 6FKHPL
6FKHPL (OHWWULFL
< )UHQR HOHWWURPDJQHWLFR 
< (OHWWURYDOYROD GL GLVFHVD 

&RORUL GHL FDYL

QHUR %.
ELDQFR :+
EOX %8
DUDQFLRQH 2*
PDUURQH %1
YHUGH *1
YLROHWWR 97
URVVR 5'
JLDOOR <(
JULJLR *<

$ 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 6FKHPL $
6FKHPL (OHWWULFL
6FKHPD GL FROOHJDPHQWR HOHWWULFR NJNJ  IRJOLR 

$ 5DGGUL]]DWRUH D ERUGR  ; &RQQHWWRUH 0ROH[ 0LQL)LW  YLH 

+ /HG WULFRORUH  ; &RQQHWWRUH 0ROH[ 0LQL)LW  YLH 
. 5HOÙ LQWHUQR UDGGUL]]DWRUH 

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  $

$ 6FKHPL
6FKHPL (OHWWULFL
6FKHPD GL FROOHJDPHQWR HOHWWULFR NJ  IRJOLR 

$ ,PSLDQWR HOHWWURQLFR WUD]LRQH  + /HG VHJQDODWRUH GL VWDWR  9 6RSSUHVVRUH GL SLFFKL  ; 3UHVDVSLQD FLQGULFD SUHLVRODWD 
$ 6FKHGD WLPRQH  + /HG EDWWHULD VFDULFD  9 6RSSUHVVRUH GL SLFFKL  ; &RQQHWWRUH 0ROH[ 0LQL)LW  YLH 
% (QFRGHU PRWRUH WUD]LRQH  . 7HOHUXWWRUH WUD]LRQH   ;$ &RQQHWWRUH 0ROH[ 0LQL )LW  YLH  ; &RQQHWWRUH 6DDE EN  YLH   
) )XVLELOH $  . 7HOHUXWWRUH SRPSD   ; &RQQHWWRUH EDWWHULD  ; &RQQHWWRUH PROH[ 0LQL)LW  SROL 
) )XVLELOH $  0 0RWRUH WUD]LRQH $& N:  ; &RQQHWWRUH 0ROH[ 0LQL)LW  YLH    ; &RQQHWWRUH ',1 
) )XVLELOH WUD]LRQH $  0 0RWRUH SRPSD  ; &RQQHWWRUH 0ROH[ 0LQL)LW  YLH    9 6RSSUHVVRUH GL SLFFKL 
) )XVLELOH SRPSD $  6 &KLDYH  ; &RQQHWWRUH 0ROH[ 0LQL)LW YLH  % 6HQVRUH WHUPLFR PRWWUD]LRQH .7<  
* %DWWHULD  6 3XOVDQWH HPHUJHQ]D  ; &RQQHWWRUH 0ROH[ 0LQL)LW  YLH  < )UHQR HOHWWURPDJQHWLFR 
+ $YYLVDWRUH DFXVWLFR  6 6HQVRUH WLPRQH  ;; &RQQHWWRUH 0ROH[ 0LQL)LW  YLH  < (OHWWURYDOYROD GL GLVFHVD 

$ 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 6FKHPL $
6FKHPL (OHWWULFL
&RORUL GHL FDYL
QHUR %.
ELDQFR :+
EOX %8
DUDQFLRQH 2*
PDUURQH %1
YHUGH *1
YLROHWWR 97
URVVR 5'
JLDOOR <(
JULJLR *<

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  $

$ 6FKHPL
6FKHPL (OHWWULFL
6FKHPD GL FROOHJDPHQWR HOHWWULFR NJ  IRJOLR 

$ 5DGGUL]]DWRUH D ERUGR  . 5HOÙ LQWHUQR UDGGUL]]DWRUH  ; &RQQHWWRUH 0ROH[ 0LQL)LW  YLH 
+ /HG WULFRORUH  ; &RQQHWWRUH 0ROH[ 0LQL)LW  YLH 

$ 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 6FKHPL $

6FKHPL ,GUDXOLFL
6FKHPD GL FROOHJDPHQWR LGUDXOLFR     .J

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  $

$ 6FKHPL
6FKHPL ,GUDXOLFL
7$%(//$ ', 9(5,7$ಫ
6(48(1=$ ', $77,9$=,21(
)81=,21(
02725(  3203$ <
62//(9$0(172 )25&+( 21 2))
',6&(6$ )25&+( 2)) 21

$ 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 6FKHPL $
6FKHPL ,GUDXOLFL
6FKHPD GL FROOHJDPHQWR LGUDXOLFR   .J

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  $

$ 6FKHPL
6FKHPL ,GUDXOLFL
7$%(//$ ', 9(5,7$ಫ
6(48(1=$ ', $77,9$=,21(
)81=,21(
02725(  3203$ <
62//(9$0(172 )25&+( 21 2))
',6&(6$ )25&+( 2)) 21

$ 0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ 

 6FKHPL $
6FKHPL ,GUDXOLFL

0DQXDOH SHU RIILFLQD ಥ  ,7 ಥ  $

&RS\ULJKW E\
20 &DUUHOOL (OHYDWRUL 6S$
9LDOH 'H *DVSHUL 
, /DLQDWH

ZZZRPPKFRP

 ,7 ಥ (GL]LRQH