86(5 0$18$/ &RORU 3ODVPD 7HOHYLVLRQ 0RGHO 1DPH 3 ; $8 7KLV LV WKH LPDJH RI WKH PRGHO 3 ; $8 'HVNWRS VWDQG DQG VSHDNHUV VKRZQ DERYH DUH RSWLRQDO 5($' 7+( ,16758&7,216 ,16,'( &$5()8//< .
86(5 0$18$/ 7KDQN \RX IRU SXUFKDVLQJ WKH +LWDFKL 3ODVPD 7HOHYLVLRQ 3OHDVH UHDG WKLV XVHU PDQXDO FDUHIXOO\ EHIRUH RSHUDWLQJ WKLV SURGXFW 7R HQVXUH SURSHU RSHUDWLRQ SOHDVH UHDG DQG IROORZ $// WKH LQVWUXFWLRQV HVSHFLDOO\ WKH ,03257$17 6$)(7< ,16758&7,216 DQG 6$)(7< 35(&$87,216 3OHDVH NHHS WKLV XVHU PDQXDO IRU IXWXUH UHIHUHQFH
&217(176 ,03257$17 6$)(7< ,16758&7,216 ,1752'8&7,21 $ERXW 7KLV 0DQXDO 7UDGHPDUN &UHGLWV $ERXW 6RIWZDUH )HDWXUHV 6$)(7< 35(&$87,216 $ERXW WKH 6\PEROV
,1752'8&7,21 7KDQN \RX IRU SXUFKDVLQJ WKH +LWDFKL 3ODVPD 7HOHYLVLRQ :H KRSH WKDW \RX ZLOO HQMR\ WKH JUHDW SHUIRUPDQFH RI WKLV SURGXFW 7KLV 3ODVPD WHOHYLVLRQ KDV EHHQ GHVLJQHG WR PHHW WKH LQWHUQDWLRQDO VWDQGDUGV +RZHYHU LW FRXOG FDXVH SHUVRQDO LQMXULHV DQG SURSHUW\ GDPDJH LI LPSURSHUO\ KDQGOHG ,Q RUGHU WR SUHYHQW SRWHQWLDO GDQJHU DQG REWDLQ PD[LPXP EHQH¿W IURP \RXU VHW SOHDVH REVHUYH WKH IROORZLQJ LQVWUXFWLRQV ZKHQ LQVWDOOLQJ RSHUDWLQJ DQG FOHDQLQJ WKH SURGXFW .
6$)(7< 35(&$87,216 )RU \RXU VDIHW\ SOHDVH UHDG WKH IROORZLQJ SUHFDXWLRQV FDUHIXOO\ EHIRUH XVLQJ WKLV SURGXFW ,PSURSHU XVH ZRXOG FDXVH VHULRXV SHUVRQDO LQMXULHV DQG RU GDPDJH WR \RXU SURSHUW\ RU WKLV SURGXFW $ERXW WKH 6\PEROV 7KH IROORZLQJ DUH WKH V\PEROV XVHG LQ WKLV PDQXDO DQG DI¿[HG RQ WKH XQLW LWVHOI 3OHDVH IXOO\ XQGHUVWDQG WKH PHDQLQJV RI WKH V\PEROV EHIRUH UHDGLQJ WKH LQVWUXFWLRQV LQ WKLV VHFWLRQ :$51,1* 1HYHU LJQRUH WKH LQVWUXFWLRQ 7KHUH DUH ULVNV RI VHULRXV LQMXULHV RU SRVVLEOH GHDWK WR
$)(7< 35(&$87,216 FRQWLQXHG :$51,1* 7KHUH LV D ULVN RI ÀUH HOHFWULF VKRFN RU VHULRXV LQMXU\ ʄ ,QVWDOO WKH XQLW DW D SURSHU DUHD ZKHUH LW GRHV QRW H[SRVH DQ\RQH WR DQ\ GDQJHU ,I \RX KLW DJDLQVW WKH HGJH RI WKH XQLW \RX PD\ EH LQMXUHG ʄ 'R QRW SODFH DQ\ REMHFWV RQ WRS RI WKH XQLW 2EMHFWV VXFK DV /LTXLG FRQWDLQHUV YDVH ¿VK WDQN ÀRZHUSRW FRVPHWLFV RU OLTXLG PHGLFLQH ,I ZDWHU RU DQ\ OLTXLG VSLOO RQWR WKH XQLW LW PD\ FDXVH VKRUW FLUFXLW DQG UHVXOW LQ ¿UH RU HOHFWULFDO VKRFN ,Q FDVH WKDW L
6$)(7< 35(&$87,216 FRQWLQXHG &$87,21 ʄ 'R QRW SODFH RU XVH WKH XQLW DW D GXVW\ SODFH ,W FRXOG FDXVH D PDOIXQFWLRQ E\ FORJJLQJ GXVW LQWR WKH PRWRU IDQ DQG VR RQ ʄ 'R QRW FRYHU RU EORFN DQ\ YHQWLODWLRQ KROHV RQ WKH SURGXFW 7KH XQLW ZRXOG RYHUKHDW DQG LW FRXOG FDXVH ¿UH RU GDPDJH WKH SURGXFW ZKLFK PD\ VKRUWHQ LWV VHUYLFH OLIH ,QVWDOO WKH SURGXFW LQ DFFRUGDQFH ZLWK WKH LQVWUXFWLRQV LQ WKLV PDQXDO 'R QRW SODFH WKH XQLW ZLWK YHQWLODWLRQ VLGH GRZQ 'R QRW LQVWDOO WKH XQLW RQ WKH FDUSHW RU EHGFORWKHV
6$)(7< 35(&$87,216 FRQWLQXHG 35(&$87,216 ʄ 'R QRW LQVWDOO WKH XQLW DW DUHDV ZKHUH LW ZLOO EH VXEMHFWHG WR KLJK WHPSHUDWXUHV ,W FRXOG GDPDJH WKH FDELQHW RU SDUWV RI WKH SURGXFW 'R QRW LQVWDOO QHDU DQ\ KHDW VRXUFHV VXFK DV UDGLDWRUV KHDW UHJLVWHUV VWRYHV RU RWKHU DSSDUDWXV WKDW SURGXFH KHDW .
$%287 3/$60$ ',63/$< 3$1(/ ,PDJH 5HWHQWLRQ RI 3ODVPD 'LVSOD\ 7KH SODVPD GLVSOD\ KDV RQH RI FKDUDFWHULVWLFV WKDW UHVXOWV LQ SDQHO LPDJH UHWHQWLRQ GHSHQGLQJ RQ KRZ WKH SODVPD GLVSOD\ LV XVHG 7KH IROORZLQJ DUH WKH FRPPRQ UHDVRQV IRU DQG HIIHFWLYH SUHYHQWLYH PHDVXUHV DJDLQVW WKH LPDJH UHWHQWLRQ &KDUDFWHULVWLFV RI ,PDJH 5HWHQWLRQ ,PDJH UHWHQWLRQ LV FDXVHG E\ SDUWLDO GHJUDGLQJ WKH SKRVSKRU GXH WR WKH SDUWLDO GLVSOD\ RI FKDUDFWHU DQG ¿JXUH )RU H[DPSOH ZKHQ WKH FKDUDFWHUV DV VKRZQ LQ )LJ $ DUH GLVSOD\HG
$%287 3/$60$ ',63/$< 3$1(/ &RQWLQXHG 2WKHU &RPPRQ &KDUDFWHULVWLFV RI 3ODVPD 'LVSOD\ 3DQHOV 7KH IROORZLQJ DUH WKH FRPPRQ FKDUDFWHULVWLFV RI 3ODVPD 'LVSOD\ 3DQHOV GXH WR VWUXFWXUDO UHDVRQV 3OHDVH QRWH WKDW WKH\ DUH QRW PDOIXQFWLRQV 5HVLGXDO LPDJH :KHQ D VWLOO LPDJH RU PHQX LV GLVSOD\HG RQ WKH VFUHHQ IRU D VKRUW WLPH DERXW D PLQXWH DQG WKHQ VZLWFKHV WR DQRWKHU LPDJH LW PD\ OHDYH DQ ³DIWHU LPDJH´ RQ WKH VFUHHQ 7KH UHVLGXDO LPDJH ZLOO GLVDSSHDU RQ LWV RZQ 6XUIDFH RQ 3DQHO 7KH SODVPD SDQHO GLVSOD\V
48,&. 67$57 *8,'( )RU PRUH LQIRUPDWLRQ RQ FRQQHFWLQJ DQG XVLQJ \RXU 79 SOHDVH EH VXUH WR UHDG DOO LQVWUXFWLRQV LQ WKLV XVHU PDQXDO 6XSSOLHG $FFHVVRULHV LQFOXGLQJ RSWLRQ 8VHU 0DQXDO 5HPRWH &RQWURO $$ 6L]H %DWWHU\ ; 3RZHU &RUG 2SWLRQ 'HVNWRS 6WDQG 76 * .
48,&.
&20321(17 1$0(6 0DLQ 8QLW )URQW 3DQHO . &DELQHW 3 3DQHO $ 6SHDNHUV RSWLRQ / 5HPRWH &RQWURO 5HFHLYHU 1 ,QGLFDWLQJ /DPS 4 3RZHU 2Q 2II EXWWRQ RQ WKH ERWWRP VXUIDFH 2 'HVNWRS 6WDQG RSWLRQ . 3 $ 1 / )URQW 2 5HDU 5HDU 3DQHO 4 / 1 3OHDVH UHIHU WR a IRU WKH GHWDLOHG LQIRUPDWLRQ IRU WKH FRQQHFWLRQV $ . 7HUPLQDO %RDUG ([WHUQDO 'HYLFH &RQQHFWLRQ 3 3RZHU &RUG 6RFNHW $ ([WHUQDO 6SHDNHU 7HUPLQDOV / 0RWRU )DQ 1 +DQGJULSV 3 .
&20321(17 1$0(6 &RQWLQXHG 5HPRWH &RQWURO * + . .
35(3$5$7,21 5HPRWH &RQWURO %DWWHULHV ,QVWDOODWLRQ 7KLV UHPRWH FRQWURO RSHUDWHV RQ ³$$´ EDWWHULHV 2SHQ WKH EDWWHU\ FRPSDUWPHQW FRYHU +DQGOLQJ WKH 5HPRWH &RQWURO 8VH WKH UHPRWH FRQWURO ZLWKLQ DERXW P IURP IURQW RI WKH XQLW¶V UHPRWH FRQWURO VHQVRU DQG ZLWKLQ GHJUHHV RQ ERWK VLGHV 6OLGH RSHQ WKH EDWWHU\ FRPSDUWPHQW FRYHU RQ WKH EDFNVLGH LQ WKH GLUHFWLRQ RI WKH DUURZ DQG UHPRYH WKH FRYHU ,QVWDOO WKH EDWWHULHV ,QVWDOO ³$$´ EDWWHULHV LQFOXGHG PDNLQJ VXUH WKH SRODULWLHV PDWFK WKH L
35(3$5$7,21 FRQWLQXHG 6DIHW\ 3UHFDXWLRQ RQ 0DLQ 8QLW ,QVWDOODWLRQ 5HDG 6$)(7< 35(&$87,216 WR FDUHIXOO\ EHVLGHV WKLV SDJH :KHQ LQVWDOOLQJ WKH XQLW XVH WKH RSWLRQDO 'HVNWRS 6WDQG 76 * .
&211(&7,21 7HUPLQDO 3RVLWLRQV # % $ / 1 4 2 5HDU ! ! 3 . ".% 14-#/, "0& 20"%&-"0+1 /' "#1 .
&211(&7,21 FRQWLQXHG &RQQHFWLQJ 3URFHGXUH FRQWLQXHG &RQQHFWLQJ WR ([WHUQDO (TXLSPHQW $9 DQG $9 FDQ EH FRQQHFWHG WR WKH HTXLSPHQW ZLWK &RPSRQHQW RXWSXW ,1 287 >([DPSOH@ ,I \RXU H[WHUQDO GHYLFH KDV D &RPSRQHQW WHUPLQDO &20321(17 FRQQHFWLRQ LV UHFRPPHQGHG IRU KLJKHU TXDOLW\ SLFWXUH $9 FDQ EH FRQQHFWHG WR WKH HTXLSPHQW ZLWK &RPSRVLWH RXWSXW ,1 287 >([DPSOH@ 0RQLWRU 2XW
&211(&7,21 FRQWLQXHG &RQQHFWLQJ 3URFHGXUH FRQWLQXHG +'0, a WHUPLQDOV FDQ EH FRQQHFWHG WR WKH GHYLFHV ZLWK +'0, RXWSXW ,I WKH H[WHUQDO GHYLFH KDV '9, RXWSXW WKLV FDQ EH DYDLODEOH ZLWK +'0, '9, FDEOH ,Q FDVH RI XVLQJ WKH +'0, '9, FDEOH FRQQHFW DQDORJ DXGLR VLJQDO WR 3& 5*% +'0, $QDORJ $XGLR ,QSXW WHUPLQDO +'0, WHUPLQDOV DUH ORFDWHG RQ WKH UHDU VLGH RI XQLW ZKLOH +'0, WHUPLQDO LV ORFDWHG RQ WKH IURQW FRQWURO SDQHO 6HH ,1 >([DPSOH@ 287 +'0, +'
&211(&7,21 FRQWLQXHG &RQQHFWLQJ 3URFHGXUH FRQWLQXHG >([DPSOH@ $9 FDQ EH FRQQHFWHG WR WKH HTXLSPHQW ZLWK 6 9LGHR RXWSXW DQG FRPSRVLWH RXWSXW ,1 ! ! 287 ,I \RXU H[WHUQDO GHYLFH KDV 6 YLGHR WHUPLQDO 6 9,'(2 FRQQHFWLRQ LV UHFRPPHQGHG IRU KLJKHU TXDOLW\ SLFWXUH ,I ERWK 6 YLGHR DQG YLGHR LQSXW WHUPLQDOV RI $9 DUH FRQQHFWHG DW WKH VDPH WLPH 6 YLGHR ZLOO KDYH LWV SULRULW\ +HDGSKRQH 0LQL 6WHUHR S
&211(&7,21 FRQWLQXHG &RQQHFWLQJ 3URFHGXUH FRQWLQXHG ,QIRUPDWLRQ +RZ WR VHFXUH WKH SRZHU FRUG DQG FDEOHV 6WHS 6HFXUH WKH SRZHU FRUG $IWHU FRQQHFWLQJ SRZHU FRUG WR WKH UHDU SDQHO VHFXUH WKH SRZHU FRUG ZLWK WKH FODPS ! " ".3'" '0/- / 5 /,#46 14-#/, /,#4 !,$ /2+" 0.!$%+!.
%$6,& 23(5$7,21 3RZHU 2Q 2II 1RZ WXUQ 2Q WKH SRZHU RI WKH XQLW 7R WXUQ 2Q WKH SRZHU RI WKH XQLW 0DNH VXUH WKDW WKH SRZHU FRUG KDV SOXJJHG LQWR WKH ZDOO VRFNHW 7KH ,QGLFDWLQJ /DPS ZLOO LOOXPLQDWHV LQ 5HG 6WDQGE\ PRGH 3UHVV HLWKHU 3RZHU 2Q 2II EXWWRQ RQ WKH XQLW RU 3RZHU 2Q 2II EXWWRQ RQ WKH UHPRWH FRQWURO 7KH FRORU RI WKH ,QGLFDWLQJ /DPS WXUQV LQWR *UHHQ DQG WKH LPDJH ZLOO GLVSOD\ RQ WKH VFUHHQ 3RZHU 2Q 2II EXWWRQ RQ WKH ERWWRP VXUIDFH )URQW 7R WXUQ 2II WKH SRZHU RI WKH XQL
%$6,& 23(5$7,21 FRQWLQXHG 9ROXPH 83 '2:1 7R LQFUHDVH WKH VRXQG YROXPH SUHVV EXWWRQ RQ WKH UHPRWH FRQWURO RU 9ROXPH 8S EXWWRQ RQ WKH FRQWURO SDQHO 7KH 9ROXPH ,QGLFDWRU YDOXH RQ WKH VFUHHQ ZLOO VKLIW ULJKW 0XWH EXWWRQ 7R GHFUHDVH WKH VRXQG YROXPH SUHVV EXWWRQ RQ WKH UHPRWH FRQWURO RU 9ROXPH 'RZQ EXWWRQ RQ WKH FRQWURO SDQHO 7KH 9ROXPH ,QGLFDWRU YDOXH RQ WKH VFUHHQ ZLOO VKLIW OHIW 0XWH 9ROXPH 8S 'RZQ EXWWRQ 7R PXWH WKH VRXQG SUHVV EXWWRQ RQ WKH UHPRWH FRQWURO 7KH VRXQG R
%$6,& 23(5$7,21 FRQWLQXHG ,QSXW 6ZLWFKLQJ WR '77 79 $9 a +'0, a DQG 5*% %\ SUHVVLQJ ,QSXW 6HOHFW EXWWRQ \RX FDQ VZLWFK WKH LQSXW ,QSXW 6HOHFW 7R ZDWFK DFWXDO EURDGFDVW SUHVV ,QSXW 6HOHFW EXWWRQ RQ WKH FRQWURO SDQHO '77 79 EXWWRQ WKH QXPHULF EXWWRQV ,QSXW 6HOHFW '77 79 EXWWRQ RU &KDQQHO 8S 'RZQ EXWWRQ RQ WKH UHPRWH FRQWURO 7R GLVSOD\ WKH LPDJH RXWSXWWLQJ IURP WKH H[WHUQDO HTXLSPHQW FRQQHFWHG WR HDFK WHUPLQDO '77 79 $9 a +'0, a DQG 5*% VHOHFW FRUUHVSRQGLQJ PRGH &KDQQHO 3U
79 6(783 23(5$7,21 +RZ WR XVH WKH 2Q 6FUHHQ 'LVSOD\ 26' V\VWHP :LWK WKH 2Q 6FUHHQ 'LVSOD\ V\VWHP \RX FDQ DFFHVV WKH YDULRXV NLQGV RI WKH IHDWXUHV DQG IXQFWLRQV LQ WKLV SURGXFW %DVLF 2SHUDWLRQ 3UHVV EXWWRQ RQ WKH UHPRWH FRQWURO RU 0HQX EXWWRQ RQ WKH FRQWURO SDQHO RI WKH XQLW 7KH 0DLQ 0HQX LV GLVSOD\HG RQ WKH VFUHHQ DV VKRZQ RQ WKH ULJKW 7R VHOHFW WKH LWHP SUHVV EXWWRQ 7KH VHOHFWHG LWHP ZLOO EH KLJKOLJKWHG LQ
79 6(783 23(5$7,21 FRQWLQXHG 79 $9 5*% 0DLQ 0HQX /LVW 0HQX 3DJH 0HQX 3DJH 3LFWXUH 0RGH 6FUHHQ 6DYHU &RQWUDVW 6FUHHQ :LSH %ULJKWQHVV %ODFN 6LGH 3DQHO &RORU 9LGHR 3RZHU 6DYH 6KDUSQHVV )UHH]H 0RGH )XQFWLRQ 7LQW 'HIDXOW =RRP &RORU 7HPSHUDWXUH (FR 0RGH &RQWUDVW 0RGH 3LFWXUH 6L]H 5HVHW 3DQHO 0RGH ' &RORU 0DQDJHPHQW 5HVHW %ODFN (QKDQFHPHQW 3LFWXUH 79 $9 0RGH $XWR 7XQLQJ 3LFWXUH 5*% '15 6HDUFK
79 6(783 23(5$7,21 FRQWLQXHG ,QVWDOOLQJ DQG 6HWWLQJ &KDQQHOV
79 6(783 23(5$7,21 FRQWLQXHG ,QVWDOOLQJ DQG 6HWWLQJ &KDQQHOV FRQWLQXHG 6HOHFWHG ,WHPV /XPLQDQFH /HYHO 6HWXS KLQW 1RUPDO $WW 0DQXDO 7XQLQJ $QWHQQD $WW )LQH 7XQLQJ 2II 2Q a 7KLV KHOSV WR UHGXFH VDWXUDWLRQ E\ ORZHULQJ FRQWUDVW 7KH QRLVH RQ WKH VFUHHQ RU LQWHUIHUHQFH FRXOG EH UHGXFHG LQ FDVH WKDW WKH UHFHLYLQJ ¿HOG VWUHQJWK LV WRR VWURQJ 7KH VHOHFWLRQ RQ WKLV LWHP LV DSSOLHG WR DOO WKH FKDQQHOV Ź ,QFUHDVH WKH IUHTXHQF\ GDWD IRU WKH DQDORJ WXQHU Ż 'HFUHDVH WKH IUHTXHQF\ GDWD IRU WKH D
79 6(783 23(5$7,21 FRQWLQXHG 3LFWXUH 6HWWLQJ
79 6(783 23(5$7,21 FRQWLQXHG 3LFWXUH 6HWWLQJ FRQWLQXHG 6HOHFWHG ,WHPV 6HWXS KLQW (DFK LWHP RQ WKLV PHQX VFUHHQ FDQ EH UHVWRUHG WR WKH RULJLQDO IDFWRU\ VHWWLQJV E\ SUHVVLQJ EXWWRQ 5HVHW 2II 2Q 2II /RZ 0LGGOH +LJK 2II /RZ 0LGGOH +LJK 2II /RZ +LJK 2II /RZ +LJK :LGH 2ULJLQDO ' &RORU 0DQDJHPHQW %ODFN (QKDQFHPHQW '15 03(* 15 &URVV &RORU 15 &RORU *DPXW 2II *DPH 0RGH 2Q 2II 2ULJLQDO 6PRRWK )LOP 0RGH 6PRRWK 2II /RZ ' &RPE )LOWHU 0LGGOH +LJK $GMXVWV WKH EODFN OHYHO FRPSHQVDWLRQ 7KLV LV
79 6(783 23(5$7,21 FRQWLQXHG 3LFWXUH 6HWWLQJ FRQWLQXHG $ERXW )LOP 0RGH 7KH LPDJH PLJKW QRW ORRN QDWXUDO GHSHQGLQJ RQ WKH LPDJH FRQWHQWV 3KHQRPHQD VXFK DV .
79 6(783 23(5$7,21 FRQWLQXHG $XGLR 6HWWLQJ
79 6(783 23(5$7,21 FRQWLQXHG $XGLR 6ZLWFKLQJ 79 1,&$0 6RXQG 0XOWLSOH[ LQFOXGLQJ $ 79 PRGH
79 6(783 23(5$7,21 FRQWLQXHG $9 %URDGFDVW 6LJQDO 6HWWLQJ
79 6(783 23(5$7,21 FRQWLQXHG 3& $GMXVWPHQW 6HWWLQJ
79 6(783 23(5$7,21 FRQWLQXHG 3& $GMXVWPHQW 6HWWLQJ FRQWLQXHG )URP 3LFWXUH 0HQX 5*% ! " ! ! ! 3UHVV EXWWRQ 6HOHFW ³3LFWXUH´ PHQX DQG SUHVV EXWWRQ 6HOHFW WKH SUHIHUUHG PHQX LWHP DQG SUHVV EXWWRQ 6HOHFWHG ,WHPV 6HWXS KLQW
79 6(783 23(5$7,21 FRQWLQXHG $QDORJ 7HOHWH[W :KDW LV ´7HOHWH[Wµ 7HOHWH[W LV WKH ZULWWHQ LQIRUPDWLRQ VHUYLFHV SURYLGHG E\ HDFK 79 FKDQQHO 0RVW 79 FKDQQHOV SURYLGH LQIRUPDWLRQ YLD 7HOHWH[W VXFK DV 79 SURJUDP VFKHGXOH :HDWKHU IRUHFDVWV 6SRUWV UHVXOWV 1HZVÀDVK 6HOHFW 7HOHWH[W /DQJXDJH 3UHVV EXWWRQ 6HOHFW 6HWXS PHQX DQG SUHVV EXWWRQ 6HOHFW 7HOHWH[W /DQJXDJH DQG SUHVV 6HOHFWHG ,WHPV 7HOHWH[W /DQJXDJH
79 6(783 23(5$7,21 FRQWLQXHG $QDORJ 7HOHWH[W FRQWLQXHG +RZ WR 2SHUDWH WKH 7HOHWH[W 79Ù7H[W@ >3DJH 6HOHFW@ 7R MXPS WR WKH LQGLFDWHG SDJH (QWHU GLJLWV 7R VSOLW WKH VFUHHQ LQWR WZR DQG ZDWFK ERWK 7HOHWH[W LQIRUPDWLRQ DQG DFWXDO EURDGFDVW DW WKH VDPH WLPH 3UHVV DJDLQ WR ZDWFK 7HOHWH[W RQ D VLQJOH VFUHHQ
79 6(783 23(5$7,21 FRQWLQXHG 2WKHU # " $ % $ & " # " "# & ! " ! " " "# %ODFN 6LGH 3DQHO 3DQHO 0RGH
',*,7$/ 7(55(675,$/ 7(/(9,6,21 '77 23(5$7,21 +RZ WR XVH WKH 2Q 6FUHHQ 'LVSOD\ 26' V\VWHP :LWK WKH 2Q 6FUHHQ 'LVSOD\ V\VWHP \RX FDQ DFFHVV WKH YDULRXV NLQGV RI WKH IHDWXUHV DQG IXQFWLRQV %DVLF 2SHUDWLRQ 3UHVV EXWWRQ RQ WKH UHPRWH FRQWURO RU 0HQX EXWWRQ RQ WKH FRQWURO SDQHO RI WKH XQLW 7KH '77 0DLQ 0HQX LV GLVSOD\HG RQ WKH VFUHHQ DV VKRZQ RQ WKH ULJKW 7R VHOHFW WKH LWHP SUHVV EXWWRQ 7
',*,7$/ 7(55(675,$/ 7(/(9,6,21 '77 23(5$7,21 FRQWLQXHG ,QVWDOOLQJ &KDQQHOV
',*,7$/ 7(55(675,$/ 7(/(9,6,21 '77 23(5$7,21 FRQWLQXHG &KDQQHO 6HOHFWLRQV 7KHUH DUH ZD\V WR VHOHFW WKH FKDQQHOV VWHSSLQJ WKURXJK WKH FKDQQHO VHOHFWLQJ E\ QXPEHU VHOHFWLQJ IURP WKH SURJUDP IDYRULWH OLVW DQG XVLQJ WKH (OHFWURQLF 3URJUDP *XLGH (3* 6WHSSLQJ WKURXJK WKH &KDQQHO 3UHVV &+$11(/ 83 '2:1 EXWWRQ WR VZLWFK WKH QH[W RU SUHYLRXV FKDQQHO RQ WKH OLVW ,QIRUPDWLRQ EDQQHU LV GLVSOD\HG HYHU\ WLPH FKDQQHO LV VZLWFKHG 5HIHU WR DERXW WKH LQIRUPDWLRQ EDQQHU 6HOHFWLQJ IURP WKH 3URJUDP )DYR
',*,7$/ 7(55(675,$/ 7(/(9,6,21 '77 23(5$7,21 FRQWLQXHG 0DNLQJ )DYRULWH /LVW 7KH ³(GLW FKDQQHOV´ PHQX DOORZV \RX WR VHOHFW \RXU IDYRULWH FKDQQHOV DQG PDNH D )DYRULWH /LVW LQ RUGHU WR DFFHVV HDVLO\ WR WKH FKDQQHO \RX ZDWFK PRVW RIWHQ 3UHVV 8VH SUHVV EXWWRQ RQ WKH UHPRWH FRQWURO DQG VHOHFW ³(GLW FKDQQHOV´ DQG % EXWWRQ EXWWRQ WR VHOHFW WKH FKDQQHO DQG EXWWRQ WR VHOHFW )DY RU )DY 3UHVV EXWWRQ WR VHW XS DV )DY /LVW 7KH Ɔ PDUN ZLOO VKRZ XS ZK
',*,7$/ 7(55(675,$/ 7(/(9,6,21 '77 23(5$7,21 FRQWLQXHG 'LJLWDO 7HOHWH[W ,*+(-+ ,( ') ! 7HOHWH[W FDQ SURYLGH YDULRXV LQIRUPDWLRQ ZLWK WH[W RQ WKH VFUHHQ EXWWRQ WR DFFHVV 3UHVV LW DJDLQ WR UHWXUQ WR WKH QRUPDO VFUHHQ 3UHVV $ $ % 2SHUDWLRQ 3UHVV 7R DFWLYDWH 7HOHWH[W PRGH 7R H[LW IURP WKH 7HOHWH[W PRGH $ $ $ !
',*,7$/ 7(55(675,$/ 7(/(9,6,21 '77 23(5$7,21 FRQWLQXHG 6XEWLWOH 7KLV HQDEOHV GLVDEOH WKH VXEWLWOH LI DYDLODEOH DV \RXU XVHIXO WRRO EXWWRQ WR GLVSOD\ '77 PDLQ PHQX 3UHVV 6HOHFW ³*HQHUDO VHWWLQJV´ DQG SUHVV :LWK 6HOHFW ³6XEWLWOH VHWWLQJ´ DQG SUHVV EXWWRQ EXWWRQ EXWWRQ VHOHFW ³(QDEOH´ DQG SUHVV
',*,7$/ 7(55(675,$/ 7(/(9,6,21 '77 23(5$7,21 FRQWLQXHG &KDQJH 3LQ 7R XVH WKH ORFNV HIIHFWLYHO\ GR FKDQJH WKH SLQ QXPEHU IURP WKH GHIDXOW VHWWLQJ ZKLFK VKRXOG EH NQRZQ DQG UHPHPEHUHG RQO\ E\ \RX 7KH GHIDXOW VHWWLQJ LV ˳ ˳ ˳ ˳ ˳ ˳ ˳ ˳ ˳ 3UHVV EXWWRQ RQ WKH UHPRWH FRQWURO 6HOHFW ³*HQHUDO VHWWLQJ´ DQG SUHVV 6HOHFW ³&KDQJH SLQ´ DQG SUHVV
)81&7,21 6L]H 6ZLWFKLQJ (DFK WLPH EXWWRQ RI WKH UHPRWH FRQWURO LV SUHVVHG WKH VFUHHQ GLVSOD\ VL]H LV VZLWFKHG LQ VHTXHQFH DQG WKH VWDWXV ZLOO EH GLVSOD\HG DW WKH ERWWRP RI WKH VFUHHQ '77 79 $9 VLJQDO LQSXW 'LVSOD\ 6L]H =220 EXWWRQ :DWFKLQJ 6WDQGDUG 'HÀQLWLRQ 3LFWXUHV L S L S 79 $9 $9 $9 $9 +'0, +'0, +'0, :DWFKLQJ +LJK 'HÀQLWLRQ 3LFWXUHV S L S +'0, RQO\ '77 $9 $9 +'0, +'0, +'0, $OO '77 EURDGFDVWLQ
)81&7,21 FRQWLQXHG 6L]H 6ZLWFKLQJ FRQWLQXHG '77 79 $9 VLJQDO LQSXW FRQWLQXHG 3RVLWLRQ $GMXVWPHQW 3UHVV 9HUWLFDO SLFWXUH SRVLWLRQ FDQ EH DGMXVWHG IRU 3DQRUDPLF =RRP &LQHPD DQG )XOO PRGH DV IROORZV EXWWRQ ZKLOH RSHUDWLQJ WKH SLFWXUH VL]H GLVSOD\ ³3RVLWLRQ´ GLVSOD\ ZLOO DSSHDU $GMXVW WKH SRVLWLRQ E\ EXWWRQ $GMXVWPHQW UDQJH RI HDFK SLFWXUH VL]H DUH DV VKRZQ EHORZ 'LVSOD\ 6L]H 3DQRUDPLF =RRP &LQHPD )XOO $GMXVWDEOH 5DQJH a a &RQGLWLRQ 5HPDUN &RPSRQ
)81&7,21 FRQWLQXHG 6L]H 6ZLWFKLQJ FRQWLQXHG &$87,21 8VLQJ D ZLGH VFUHHQ WHOHYLVLRQ 7KLV WHOHYLVLRQ KDV D VFUHHQ PRGH VHOHFWLRQ IHDWXUH ,I DQ LQFRPSDWLEOH VFUHHQ PRGH LV VHOHFWHG WR SOD\ FHUWDLQ VRIWZDUH VXFK DV D 79 SURJUDP WKH LPDJH ZRXOG DSSHDU GLIIHUHQW IRUP WKH RULJLQDO 7DNH WKLV LQWR FRQVLGHUDWLRQ ZKHQ PDNLQJ VFUHHQ PRGH FKRLFHV 8VH RI WKH ZLGH IHDWXUH GLVSOD\LQJ HQODUJHG SLFWXUHV LQ FRIIHH VKRSV KRWHO DQG RWKHU HVWDEOLVKPHQWV IRU FRPPHUFLDO RU SXEOLF YLHZLQJ SXUSRVHV FRXOG LQIULQJH RQ WKH
)81&7,21 FRQWLQXHG 0XOWL 3LFWXUH 0RGH :LWK WKLV IHDWXUH \RX FDQ ZDWFK GLIIHUHQW FKDQQHOV VLPXOWDQHRXVO\ RQ RQH VFUHHQ LQ VHYHUDO ZD\V $V IRU WKH DYDLODEOH VLJQDOV SOHDVH UHIHU WR 5HFRPPHQGHG 6LJQDO /LVW RQ 7R DFWLYDWH 0XOWL 3LFWXUH PRGH LQ HLWKHU '77 79 $9 DQG 5*% PRGH SUHVV RQ WKH UHPRWH FRQWURO $FWLYDWH LQ '77 79 $9 +'0, 0RGH
)81&7,21 FRQWLQXHG 0XOWL 3LFWXUH 0RGH FRQWLQXHG $FWLYDWH LQ 5*% 0RGH :KHQ \RX DFWLYDWH WKH 0XOWL 3LFWXUH PRGH LQ 5*% ,QSXW WKH SLFWXUH ZLOO EH GLVSOD\HG DW WKH PRGH ZKLFK WKH 6XE VFUHHQ LV GLVSOD\HG LQVLGH RI WKH ODUJH VFUHHQ 0DLQ VFUHHQ 7R DFWLYDWH 0XOWL 3LFWXUH PRGH SUHVV EXWWRQ RQ WKH UHPRWH FRQWURO 7KH VSHDNHU LFRQ LQGLFDWHV WKH IROORZLQJ 7KH DXGLR VRXQGV FDQ EH KHDUG RQ WKH VLGH ZLWK WKH VSHDNHU LFRQ :KHQ WKH VSHDNHU LFRQ LV RQ WKH 6XE VFUHHQ &KDQJH FKDQQHOV
)81&7,21 FRQWLQXHG 3LFWXUH )UHH]LQJ %\ SUHVVLQJ EXWWRQ \RX FDQ FKDQJH WR IUHH]H PRGH HDVLO\ DQ\WLPH \RX OLNH 3UHVV LW DJDLQ WR UHWXUQ WR QRUPDO SLFWXUH )UHH]H EXWWRQ 7KHUH DUH WZR W\SHV RI IUHH]H PRGH
)81&7,21 FRQWLQXHG 3RZHU 6DYH 0RGH :KHQ 79 LQSXW LV VHOHFWHG :KHQ QR DLUZDYH KDV EHHQ UHFHLYHG DQG QR RSHUDWLRQ KDV EHHQ PDGH IRU PLQXWHV LQ 79 PRGH LW WXUQV WR VWDQGE\ PRGH DXWRPDWLFDOO\ 3UHVV EXWWRQ GXULQJ 79 PRGH 6HOHFW ³6HWXS´ PHQX DQG SUHVV EXWWRQ 6HOHFW ³$XWR 2II´ 2II 2Q $XWR 2II :KHQ $9 LQSXW LV VHOHFWHG
)81&7,21 FRQWLQXHG '9' 3OD\HU 67% 6HOHFWLRQ
7528%/(6+227,1* %HIRUH FDOOLQJ VHUYLFH WHFKQLFLDQ FKHFN WKH IROORZLQJ WDEOHV ¿UVW ,I WKH SUREOHP LV QRW EH VROYHG ZLWK WKH VXJJHVWHG SURFHGXUHV FRQWDFW \RXU ORFDO GHDOHU )RU \RXU VDIHW\ 1(9(5 WU\ WR UHSDLU WKH SURGXFW E\ \RXUVHOI :KHQ )ROORZLQJ 0HVVDJHV $SSHDU RQ WKH 6FUHHQ 0HVVDJH &RQGLWLRQ $FWLRQ 3DJH 3RZHU 6DYH 7KLV LQGLFDWHV LW LV LQ 3RZHU 6DYH PRGH LQ $9 5*% PRGH 7KH LQGLFDWLQJ ODPS OLJKWV LQ RUDQJH 1R 6\QF 6LJQDO 7KH XQLW FDQQRW GHWHFW DQ\ VLJQDOV IURP DQ\ LQSXW WHUPLQDOV &KHFN
7528%/(6+227,1* FRQWLQXHG 6\PSWRP DQG &KHFN /LVW FRQWLQXHG 6\PSWRPV &KHFN OLVW 3DJH a 1RUPDO SLFWXUH EXW QR FRORU QRUPDO VRXQG &KHFN WKH FRQQHFWLRQ RI WKH H[WHUQDO HTXLSPHQW &KHFN WKH ³&RORU 6\VWHP´ LQ ³6HWXS 0HQX´ ,PDJH LV SDXVHG &KHFN LI WKH 79 LV LQ IUHH]H PRGH E\ SUHVVLQJ 1R SLFWXUH 7KH ,QGLFDWLQJ ODPS ĺ 2II &KHFN LI WKH SRZHU FRUG LV SOXJJHG LQWR WKH VRFNHW ¿UPO\ 1R SLFWXUH 7KH ,QGLFDWLQJ ODPS ĺ 2UDQJH ,W PHDQV WKDW WKH XQLW LV LQ ³3RZHU 6DYH PRGH´ &KHFN LI DOO WKH
7528%/(6+227,1* FRQWLQXHG 6\PSWRP DQG &KHFN /LVW FRQWLQXHG 6\PSWRPV &KHFN OLVW 7KH LPDJH RQ WKH VFUHHQ LV PRYLQJ LQ DQ REOLTXH GLUHFWLRQ 3& LQSXW PRGH RQO\ $GMXVW ³+RUL]RQWDO &ORFN´ DQG ³&ORFN 3KDVH´ 7KH FRDUVH KRUL]RQWDO VWULSHV FRXOG EH VHHQ LQ IXOO GLVSOD\ PRGH 3& LQSXW PRGH RQO\ $GMXVW ³+RUL]RQWDO &ORFN´ 7KH SDUW RI WKH LPDJH LV ODFNLQJ 3& LQSXW PRGH RQO\ 7KH KRUL]RQWDO VWULSHV DUH PRYLQJ YHUWLFDOO\ ZLWK ÀLFNHULQJ VFUHHQ 3& LQSXW PRGH RQO\ :KHQ WKH FKDUDFWHUV DUH
352'8&7 63(&,),&$7,216 63(&,),&$7,21 3DQHO 'LVSOD\ GLPHQVLRQV $SSUR[ LQFKHV + [ 9 PP GLDJRQDO PP 5HVROXWLRQ + [ 9 SL[HOV 1HW GLPHQVLRQV LQFOXGLQJ 2SWLRQDO 6WDQG DQG 6SHDNHUV : [ + [ ' PP H[FOXGLQJ 2SWLRQDO 6WDQG DQG 6SHDNHUV : [ + [ ' PP 1HW ZHLJKW LQFOXGLQJ 2SWLRQDO 6WDQG DQG 6SHDNHUV NJ H[FOXGLQJ 2SWLRQDO 6WDQG DQG 6SHDNHUV NJ $PELHQW FRQGLWLRQV 7HPSHUDWXUH 2SHUDWLQJ & WR & 6WRUDJH & WR &
352'8&7 63(&,),&$7,216 FRQWLQXHG 6LJQDO ,QSXW 5*% WHUPLQDO ' VXE SLQ FRQQHFWRU 3LQ ,QSXW VLJQDO 5 * % 1R FRQQHFWLRQ 1R FRQQHFWLRQ 5 *1' * *1' % *1' 1R FRQQHFWLRQ *1' 1R FRQQHFWLRQ >6'$@ + V\QF 9 V\QF >6&/@ 6 LQSXW FRQQHFWRU SLQ VSHFLÀFDWLRQV 3LQ ,QSXW VLJQDO < < *1' & & *1' )UDPH *1' +'0, FRQQHFWRU SLQ VSHFLÀFDWLRQV 3LQ ,QSXW VLJQDO 3LQ ,QSXW VLJQDO 70'6 'DWD 70'6 &ORFN 6KLHOG 70'6 'DWD 6KL
352'8&7 63(&,),&$7,216 FRQWLQXHG 5HFRPPHQGHG 6LJQDO /LVW :LWK +'0, LQSXW 6LJQDO PRGH 1R 6LJQDO 1DPH 9*$ L L S S L L S S S S S 5HVROXWLRQ 9HUWLFDO IUHTXHQF\ +] +RUL]RQWDO IUHTXHQF\ N+] 'RW FORFN IUHTXHQF\ 0+] ; ; ; ; ; ; ; ; ; ; ; ;
