Siemens C45 User Manual

s
We recommend using only Siemens Original Accessories to avoid  
possible damages.  
Be inspired  
All functions of the phone are described in the enclosed detailed user  
guide. In particular please observe the safety precautions which you  
will find at the beginning of the guide.  
Issued by  
Information and Communication mobile  
Haidenauplatz 1  
D-81667 Munich  
© Siemens AG 2001  
All rights reserved. Subject to availability.  
Rights of modification reserved.  
C45  
User Guide  
Siemens Aktiengesellschaft  
Ref.No.: A31008-H5100-A1-2-7619  
*A5B00075001690*  
7RꢀDWWDꢁK  
7RꢀUHPRYH  
6DIHW\ꢁSUHꢂDXWLRQVꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢄ  
2YHUYLHZꢁRIꢁWKHꢁSKRQHꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢅ  
*HQHUDOꢁLQVWUXꢂWLRQV ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢆ  
*HWWLQJꢁ6WDUWHG ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢇ  
:$3ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢄꢌ  
6ZLWꢂKꢁRQꢈꢁRIIꢁꢉꢁ3,1ꢁHQWU\ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢊ  
6HꢂXULW\ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢋ  
0DNLQJꢁDꢁSKRQHꢁꢂDOOꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢀꢌ  
9RLꢂHꢁPHVVDJHꢉ0DLOER[ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢄꢆ  
&HOOꢁEURDGꢂDVWꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢄꢇ  
5HꢂRUGVꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢄꢊ  
7LPHꢉꢂKDUJH ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢄꢋ  
3KRQHERRNꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢀꢇ  
'LYHUW ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢅꢌ  
*URXSꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢅꢍ  
6HHꢀDOVRꢀ,QGH[ꢀ  
DWꢀWKHꢀHQGꢀRIꢀWKLVꢀ8VHUꢀ*XLGH  
2UJDQLVHU ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢅꢆ  
&ORꢂN ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢅꢋ  
%DWWOH0DLOŒꢁ.XQJꢎ)Xꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢆꢌ  
)D[ꢉGDWDꢁPRGHꢁXVLQJꢁDꢁ3&ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢇꢏ  
'LVSOD\ꢁV\PEROVꢁ)VHOHꢂWLRQ*ꢁꢁꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢇꢊ  
7URXEOHVKRRWLQJꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢇꢋ  
6LHPHQVꢁ6HUYLꢂHꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢏꢍ  
6SHꢂLILꢂDWLRQVꢉPDLQWHQDQꢂHꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢏꢄ  
$ꢂꢂHVVRULHV ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢏꢅ  
*DPHVꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢆꢀ  
3URILOHVꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢆꢍ  
0\ꢁ0HQXꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢆꢅ  
)DVWꢁDꢂꢂHVVꢁNH\ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢆꢆ  
6$5ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢏꢇ  
,QGH[ꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢏꢊ  
$XGLRꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃꢃ ꢁꢆꢏ  
6HHꢀDOVRꢀ,QGH[ꢀ  
DWꢀWKHꢀHQGꢀRIꢀWKLVꢀ8VHUꢀ*XLGH  
6DIHW\ꢀSUHꢁDXWLRQV  
6ZLW(KꢉRIIꢉLQꢉKRVSLWDOVꢉRUꢉLQꢉWKHꢉYLꢇ  
(LQLW\ꢉRIꢉPHGL(DOꢉGHYL(HVꢊꢉHꢈJꢈꢉ  
SD(HPDNHUVꢉRUꢉKHDULQJꢉDLGVꢈꢉ0Rꢇ  
ELOHꢉSKRQHVꢉ(DQꢉLQWHUIHUHꢉZLWKꢉWKHꢉ  
IXQ(WLRQꢉRIꢉWKHVHꢉGHYL(HVꢈ  
7KHꢉPDLQVꢉYROWDJHꢉVSH(LILHGꢉRQꢉ  
WKHꢉSRZHUꢉVXSSO\ꢉXQLWꢉPXVWꢉQRWꢉEHꢉ  
H[(HHGHGꢈ  
:HꢉUH(RPPHQGꢉ\RXꢉXVHꢉRQO\ꢉ  
RULJLQDOꢉ6LHPHQVꢉEDWWHULHVꢉ/ꢀꢁꢁ6  
PHU(XU\ꢇIUHH0ꢉDQGꢉ(KDUJLQJꢉGHꢇ  
YL(HVꢈꢉ2WKHUZLVHꢉ(RQVLGHUDEOHꢉ  
KHDOWKꢉULVNVꢉDQGꢉGDPDJHꢉWRꢉWKHꢉ  
SURGX(Wꢉ(DQQRWꢉEHꢉH[(OXGHGꢈ  
$OZD\VꢉXVHꢉWKHꢉKDQGVIUHHꢉNLWꢉIRUꢉ  
(DOOVꢉZKLOHꢉGULYLQJꢉ/Sꢈ ꢌꢆ0  
0RELOHꢉSKRQHVꢉPXVWꢉEHꢉVZLW(KHGꢉ  
RIIꢉDWꢉDOOꢉWLPHVꢉLQꢉDQꢉDLU(UDIWꢈꢉ  
7RꢉSUHYHQWꢉD((LGHQWDOꢉD(WLYDWLRQꢊꢉ  
VHHꢉ/Sꢈ ꢆꢄ0ꢈꢉ  
1HLWKHUꢉWKHꢉSKRQHꢉQRUꢉWKHꢉEDWWHU\ꢉ  
/ꢀꢁꢁ6ꢉPHU(XU\ꢇIUHH0ꢉPD\ꢉEHꢉ  
RSHQHGXQGHUDQ\ꢉ(LU(XPVWDQ(HVꢉ  
/H[(HSWꢉZKHQꢉH[(KDQJLQJꢉWKHꢉ  
EDWWHU\ꢉRUꢉWRSꢉVKHOO0ꢈꢉ$Q\ꢉRWKHUꢉ  
(KDQJHVꢉWRꢉWKLVꢉGHYL(HꢉDUHꢉVWUL(WO\ꢉ  
SURKLELWHGꢊꢉDVꢉWKH\ꢉZLOOꢉLQYDOLGDWHꢉ  
WKHꢉW\SHꢉDSSURYDOꢉ(ULWHULDꢉUHꢇ  
6ZLW(KꢉRIIꢉQHDUꢉSHWUROꢉVWDWLRQVꢊꢉIXꢇ  
HOꢉGHSRWVꢊꢉ(KHPL(DOꢉSODQWVꢉRUꢉ  
EODVWLQJꢉRSHUDWLRQVꢈꢉ0RELOHꢉ  
SKRQHVꢉ(DQꢉLQWHUIHUHꢉZLWKꢉWKHꢉRSꢇ  
HUDWLRQꢉRIꢉWH(KQL(DOꢉLQVWDOODWLRQVꢈ  
TXLUHGꢉIRUꢉRSHUDWLRQꢉRIꢉWKHꢉXQLWꢈ  
7KHꢉULQJꢉWRQHꢉLVꢉUHSURGX(HGꢉ  
WKURXJKꢉWKHꢉHDUSLH(Hꢈꢉ)LUVWꢉD(ꢇ  
(HSWꢉWKHꢉ(DOOꢊꢉWKHQꢉKROGꢉWKHꢉSKRQHꢉ  
WRꢉ\RXUꢉHDUꢈ  
3OHDVHꢁQRWHꢐꢁꢁꢁ  
'LVSRVHꢉRIꢉXVHGꢉEDWWHULHVꢉDQGꢉ  
SKRQHVꢉD((RUGLQJꢉWRꢉWKHꢉOHJDOꢉ  
UHJXODWLRQVꢈ  
6,0ꢉ(DUGꢉPD\ꢉEHꢉUHPRYHGꢈꢉ&DXꢇ  
WLRQ3ꢉ6PDOOꢉSDUWVꢉ(RXOGꢉEHꢉVZDOꢇ  
ORZHGꢉE\ꢉ(KLOGUHQꢈ  
0RELOHꢉSKRQHVꢉ(DQꢉLQWHUIHUHꢉZLWKꢉ  
WKHꢉRSHUDWLRQꢉRIꢉQHDUE\ꢉ79Vꢊꢉ  
UDGLRVꢊꢉ3&Vꢈ  
:HꢉUH(RPPHQGꢉ\RXꢉXVHꢉRQO\ꢉ  
RULJLQDOꢉ6LHPHQVꢉD((HVVRULHVꢉWRꢉ  
DYRLGꢉSRVVLEOHꢉGDPDJHꢉDQGꢉWRꢉ  
(RPSO\ꢉZLWKꢉWKHꢉH[LVWLQJꢉUHJXODꢇ  
WLRQVꢈꢉ  
,PSURSHUꢉXVHꢉLQYDOLGDWHVꢉWKHꢉZDUUDQW\3  
   
2YHUYLHZꢀRIꢀWKHꢀSKRQH  
,QWHJUDWHGꢁDQWHQQDꢁ  
/RXGVSHDNHU  
'LVSOD\ꢁLQGLꢂDWRUV  
6LJQDOꢉVWUHQJWKꢉꢂꢉ  
EDWWHU\ꢉOHYHOꢈ  
&DOOꢁNH\ꢁꢀ  
'RꢉQRWꢉLQWHUIHUHꢉZLWKꢉWKHꢉ  
SKRQHꢉDERYHꢉWKHꢉEDWWHU\ꢉ  
(RYHUꢉXQQH(HVVDULO\ꢈꢉ7KLVꢉ  
ZRXOGꢉUHGX(HꢉWKHꢉVLJQDOꢉ  
VWUHQJWKꢈ  
ꢀꢀꢀꢀ  
6HOH(WꢉGLVSOD\HGꢉSKRQHꢉ  
QXPEHUꢉRUꢉQDPHꢊꢉD((HSWꢉ  
(DOOVꢈꢉ'LVSOD\ꢉODVWꢉ(DOOVꢉLQꢉ  
VWDQGE\ꢉPRGHꢈꢉ  
)VHUYLꢂHꢁSURYLGHU*  
ꢌꢀꢃꢀꢌꢃꢍꢌꢌꢀꢁꢁꢁꢀꢍꢐꢄꢌ  
6HW  
0HQX  
-ꢁ2Qꢉ2IIꢉ(QGꢁNH\  
3UHVVꢁEULHIO\ꢐꢁ  
(QGꢉ(DOOꢂIXQ(WLRQꢉDQGꢉUHWXUQꢉ  
WRVWDQGE\PRGHꢈꢉ,QꢉPHQXVꢏꢉ  
RQHꢉPHQXꢉOHYHOꢉED(Nꢈꢉ  
3KRQHERRNꢁNH\  
3UHVVꢉRQ(HꢉIRUꢉ3KRQHERRN  
3UHVVꢉWZL(HꢉIRUꢉ*URXSV  
5LQJHUꢉVLJQDOꢁWRQHV  
7RꢉVZLW(KꢉRQꢉDQGꢉRIIꢏ  
ꢁꢁ+ROGꢉGRZQ  
+ROGꢁGRZQꢐꢁ  
6ZLW(KꢉRQꢂRIIꢉSKRQHꢉ  
/LQꢉVWDQGE\ꢉPRGH0  
0LꢂURSKRQH  
.H\ꢁORꢂN  
'HYLꢂHꢁLQWHUIDꢂH  
ꢉ7RꢉVZLW(KꢉRQꢉDQGꢉRIIꢏ  
+ROGꢉGRZQ  
&RQQH(WLRQꢉIRUꢉ(KDUJHUꢊꢉ  
KHDGVHWꢉHW(ꢈ  
&RQILUPꢉ/VZLW(KLQJꢉ  
RIIꢉRQO\0  
g2.ꢁ  
ꢀꢀꢀ  
6RIWꢁNH\V  
7Rꢉ(DOOꢉXSꢉDꢉIXQ(WLRQꢉGLVꢇ  
SOD\HGꢊꢉSUHVVꢉWKHꢉVRIWꢉNH\ꢉXQꢇ  
GHUQHDWKꢉWKHꢉIXQ(WLRQꢉRQꢉWKH  
RXWVLGH  
ꢁꢁꢁꢁꢁꢁꢁꢁꢁ)6HUYLꢂHꢁ3URYLGHU*  
7KHꢉ(XUUHQWꢉIXQ(WLRQVꢉRIꢉꢉWKHꢇ  
VHꢉNH\VꢉDUHꢉGLVSOD\HGꢉLQꢉWKHꢉ  
JUH\ꢉILHOGVꢉDVꢉWH[WꢉRUꢉL(RQVꢈꢉ  
7KHVHꢉNH\VꢉGLVSOD\ꢉWKHꢉTXL(Nꢉ  
VHOH(WLRQꢉLQꢉVWDQGE\ꢉPRGHꢉ  
/ID(WRU\ꢉGHIDXOWꢏꢉg6HWꢁ RUꢉHꢈJꢈꢉ  
ꢌꢀꢃꢀꢌꢃꢍꢌꢌꢀꢁꢁꢁꢁꢁꢀꢍꢐꢄꢌ  
6HW  
0HQX  
([DPSOHꢏꢉ3UHVVꢉWKHꢉULJKWꢉVRIWꢉ  
NH\ꢉRQꢉWKHꢁRXWVLGHꢁWRꢉ(DOOꢉXSꢉ  
WKHꢉPHQXꢈ  
/6,0ꢉVHUYL(H0 DQG  
g0HQXg  
3UHVVꢉWKHꢉVRIWꢉNH\VꢉLQVLGHꢁWRꢉ  
V(UROOꢉWKURXJKꢉPHQXVꢉDQGꢉ  
OLVWVꢈ  
 
*HQHUDOꢀLQVWUXꢁWLRQV  
8VHUꢀ*XLGH  
0HQXꢀꢁRQWURO  
(QWHUꢉQXPEHUVꢉRUꢉOHWWHUVꢈ  
2Qꢂ2IIꢂ(QGꢉNH\ꢈ  
$  
-
0DLQꢁPHQXꢁ  
&DOOꢉNH\ꢈ  
ꢁꢁ  
3UHVVꢉRQꢉWKHꢉLQVLGHꢉWRꢉV(UROOꢈ  
'(  
0HQX  
3UHVVꢉRQꢉWKHꢉRXWVLGHꢉWRꢉ(DOOꢉDꢉ  
IXQ(WLRQꢉ/VRIWꢉNH\0  
%&  
'LVSOD\VꢉDꢉVRIW  
NH\ꢉIXQ(WLRQꢈ  
g0HQXg  
0HQXꢁꢂRQWURO  
)XQ(WLRQꢉGHSHQGVꢉRQꢉWKHꢉ  
VHUYL(HꢉSURYLGHUꢊꢉVSH(LDOꢉUHJꢇ  
LVWUDWLRQꢉPD\ꢉEHꢉQH(HVVDU\ꢈ  
Î
Î
g0HQXg  
$XGLR  
9ROXPH  
gg0HQXg  
ꢁꢁꢁꢁ  
(
&
(
$XGLR  
ꢁ$XGLR  
9ROXPH  
2SWLRQꢁPHQX  
& 6HOH(Wꢁ9ROXPH  
g2SWLRQVg  
         
*HWWLQJꢀ6WDUWHG  
,QVHUWꢀ6,0ꢀꢁDUGꢂEDWWHU\ꢀꢀꢀ  
n
o
p
q
       
*HWWLQJꢀ6WDUWHG  
&KDUJHꢀEDWWHU\  
)XQꢁWLRQVꢀZLWKRXWꢀ6,0ꢀꢁDUG  
ZLWKRXWꢁ  
g0HQXg  
g626g  
     
6ZLWꢁKꢀRQꢂꢀRIIꢀꢃꢀ3,1ꢀHQWU\  
(PHUJHQꢂ\ꢁQXPEHUꢁ)626*  
6ZLWꢁKꢀRQꢃꢀRII  
%\ꢉSUHVVLQJꢉWKHꢉVRIWꢉNH\ꢉg626gꢉ\RXꢉ(DQꢉ  
PDNHꢉDQꢉHPHUJHQ(\ꢉ(DOOꢉRQꢉDQ\ꢉQHWZRUNꢉ  
ZLWKRXWꢉDꢉ6,0ꢉ(DUGꢉDQGꢉZLWKRXWꢉHQWHULQJꢉDꢉ  
3,1ꢉ/QRWꢉDYDLODEOHꢉLQꢉDOOꢉ(RXQWULHV0ꢈꢉ7KLVꢁ  
PXVWꢁRQO\ꢁEHꢁXVHGꢁLQꢁUHDOꢁHPHUJHQꢂLHVA  
GRZQꢁ  
(QWHUꢀ3,1  
3,1ꢁSUREOHPV  
,IꢉWKHꢉ3,1ꢉLVꢉHQWHUHGꢉLQ(RUUH(WO\ꢉWKUHHꢉWLPHVꢉ  
WKHꢉ6,0ꢉ(DUGꢉLVꢉEDUUHGꢉ/Sꢈ 0  
$(WYLDWHꢊꢉGHD(WLYDWHꢉ3,1ꢉ(RQWUROꢉRUꢉ(KDQJHꢉ  
3,1ꢉ/Sꢈ 0  
6,0ꢁSUREOHPV  
g&OHDUg  
,IꢉB3OHDVHꢁLQVHUWꢁ\RXUꢁ6,0ꢁꢂDUGBꢁLVꢉGLVꢇ  
SOD\HGꢊꢉ(KH(NꢉIRUꢉIDXOWVꢉ/Sꢈ ꢍꢎ0  
3OHDVHꢁHQꢎ  
WHUꢁ\RXUꢁ3,1ꢐ  
1HWZRUNꢁꢂRQQHꢂWLRQ  
&
&OHDU  
@ꢁ@ꢁ@ꢁ@  
2.  
6WUHQJWKꢉRIꢉLQ(RPLQJꢉVLJQDOꢈ  
$ꢉZHDNꢉVLJQDOꢉUHGX(HVꢉWKHꢉ(DOOꢉ  
TXDOLW\ꢉDQGꢉPD\ꢉOHDGꢉWRꢉORVVꢉRIꢉ  
WKHꢉ(RQQH(WLRQꢈꢉ&KDQJHꢉ\RXUꢉ  
OR(DWLRQꢈ  
g2.g  
,Iꢉ\RXꢉDUHꢉRXWVLGHꢉ\RXUꢉ³ꢉKRPHꢉQHWZRUN´ꢉ\RXUꢉ  
SKRQHꢉDXWRPDWL(DOO\ꢉVHOH(WVꢉDꢉGLIIHUHQWꢉ*60ꢉ  
QHWZRUNꢉ/Sꢈ ꢍꢄ0  
6\PEROꢉIRUꢉVSH(LDOꢉDSSOL(DWLRQVꢉ  
RQꢉWKHꢉ6,0ꢉ(DUGꢉ/Sꢈ ꢄꢌ0ꢊꢉHꢈJꢈꢉ0Rꢇ  
ELOHꢉ%DQNLQJꢈ  
)6HUYLꢂHꢁ3URYLGHU*  
ꢌꢀꢃꢀꢌꢃꢍꢌꢌꢀꢁꢁꢁꢁꢁꢀꢍꢐꢄꢌ  
6HW  
0HQX  
LVꢁLQꢁVWDQGE\ꢁPRGHꢁ  
UHDG\ꢁIRUꢁ  
XVH  
                   
ꢀꢌ  
0DNLQJꢀDꢀSKRQHꢀꢁDOO  
'LDOOLQJꢀZLWKꢀQXPEHUꢀ  
NH\V  
(QGꢀꢁDOO  
EULHIO\  
3UHVVꢉWKLVꢉNH\ꢉHYHQꢉLIꢉWKHꢉSHUVRQꢉRQꢉWKHꢉRWKꢇ  
HUꢉHQGꢉRIꢉWKHꢉOLQHꢉKDVꢉKXQJꢉXSꢉILUVWꢈ  
$ꢁꢁHSWꢀꢁDOOꢀ  
g&OHDUg ꢁVKRUWꢁ  
ORQJꢁ  
Eꢅꢋꢊꢋꢀꢍꢄꢅꢆ  
5HSO\  
5HMHꢂW  
g5HSO\g  
ꢁRUꢁ  
,QWHUQDWLRQDOꢁGLDOOLQJꢁꢂRGHV  
$ꢉSKRQHꢉQXPEHUꢉLVꢉWUDQVPLWWHGꢉE\ꢉWKHꢉQHWꢇ  
ZRUNꢉDQGꢉGLVSOD\HGꢈꢉ,IꢉLWꢉLVꢉVWRUHGꢉLQꢉWKHꢉ  
3KRQHERRNꢉWKHꢉ(RUUHVSRQGLQJꢉQDPHꢉLVꢉGLVꢇ  
SOD\HGꢈꢉ  
<RXꢉ(DQꢉXVHꢉDQ\ꢉNH\ꢉWRꢉDQVZHUꢉLQ(RPLQJꢉ  
(DOOVꢉ/Sꢈ ꢍꢁ0  
0DQ\ꢉLQWHUQDWLRQDOꢉGLDOOLQJꢉ(RGHVꢉDUHꢉVWRUHGꢉ  
LQꢉ\RXUꢉSKRQHꢏ  
+ROGꢉGRZQꢁXQWLOꢉ³E´ꢉDSSHDUVꢈꢉ  
7KLVꢉUHSOD(HVꢉWKHꢉILUVWꢉWZRꢉGLJꢇ  
LWVꢉRIꢉWKHꢉLQWHUQDWLRQDOꢉGLDOOLQJꢉ  
(RGHꢈ  
gꢂ/LVWg 3UHVVꢈ  
5HMHꢁWꢀꢁDOO  
6HOH(WꢉWKHꢉUHTXLUHGꢉ(RXQWU\ꢈꢉ7KHꢉLQWHUQDWLRQꢇ  
DOꢉGLDOOLQJꢉ(RGHꢉLVꢉGLVSOD\HGꢈꢉ1RZꢉDGGꢉWKHꢉ  
QDWLRQDOꢉQXPEHUꢉ/LQꢉPDQ\ꢉ(RXQWULHVꢉZLWKRXWꢉ  
WKHꢉILUVWꢉGLJLW0ꢉDQGꢉSUHVVꢉWKHꢉ&DOOꢉNH\ꢈꢉ  
g5HMHꢃWg  
RU  
EULHIO\  
g'LYHUWg 'LYHUWVꢉWKHꢉ(DOOHUꢉWRꢉWKHꢉPDLOꢇ  
ER[ꢊꢉIRUꢉH[DPSOHꢊꢉLIꢉ%XV\ꢉLVꢉVHWꢉ  
/Sꢈ ꢅꢁ0ꢉDQGꢉ³(DOOꢉZDLWLQJ´ꢉKDVꢉ  
EHHQꢉD(WLYDWHGꢉ/Sꢈ ꢀꢃ0  
               
ꢀꢀ  
0DNLQJꢀDꢀSKRQHꢀꢁDOO  
:KHQꢀDꢀQXPEHUꢀLVꢀEXV\  
5HGLDOꢀSUHYLRXVꢀQXPEHUVꢀꢀ  
ODVWꢁ  
WZLꢂH  
(LWKHU  
$XWRꢀUHGLDOꢀSUHYLRXVꢀQXPEHUV  
g$XWRꢁGLDOg  
(
-
RU  
g2SWLRQVg &DOOꢉOLVWVꢉ/Sꢈ ꢄꢋ0  
&DOOꢀEDꢁNꢀ  
6WRUHꢉSKRQHꢉQXPEHUꢉLQꢉWKHꢉ  
Q
3KRQHERRNꢉ/Sꢈ ꢀꢍ0  
g&DOOꢁEDꢃNg  
7KHꢉQXPEHUVꢉRIꢉ(DOOVꢉWKDWꢉKDYHꢉEHHQꢉUHꢇ  
(HLYHGꢊꢉGLDOOHGꢉRUꢉPLVVHGꢉDUHꢉVWRUHGꢉIRUꢉ(DOOꢉ  
ED(NꢉSXUSRVHVꢉ/Sꢈ ꢄꢋ0  
$QꢉLQ(RPLQJꢉ(DOOꢉZLOOꢉLQWHUUXSWꢉDQ\ꢉRWKHUꢉXVHꢉ  
RIꢉWKHꢉSKRQHꢈ  
5HPLQGHU  
g3URPSWg  
)XQ(WLRQVꢉGXULQJꢉDꢉ(DOOꢉ/Sꢈ ꢀꢃ0  
6ZLW(KꢉRIIꢉULQJHUꢉIRUꢉWKHꢉ(XUUHQWꢉ(DOOꢉ/EXWꢉQRWꢊꢉ  
LIꢉ³$Q\ꢉNH\ꢉDQVZHU´ꢊꢉ/Sꢈ ꢍꢁ0ꢊꢉLVꢉD(WLYH0  
+ROGꢉGRZQ  
$Q\ꢉRWKHUꢉ(DOOꢉHQGVꢉWKHꢉIXQ(WLRQꢈ  
7KHꢉ(DOOꢉLVꢉGLVSOD\HGꢈꢉ7KHꢉ(DOOHUꢉKHDUVꢉWKHꢉGLꢇ  
DOOLQJꢉWRQHꢈ  
           
ꢀꢍ  
0DNLQJꢀDꢀSKRQHꢀꢁDOO  
6HWꢀ9ROXPH  
'XULQJꢀDꢀꢁDOO  
&DOOꢀZDLWLQJ  
'(  
Q
<RXꢉPD\ꢉQHHGꢉWRꢉUHJLVWHUꢉIRUꢉWKLVꢉVHUYL(Hꢉ  
ZLWKꢉ\RXUꢉVHUYL(HꢉSURYLGHUꢉDQGꢉVHWꢉ\RXUꢉ  
SKRQHꢉD((RUGLQJO\ꢉ/Sꢈ ꢍꢆ0  
3KRQHꢀQXPEHUꢀPHPR  
6ZDS  
g6ZDSg  
g6ZDSg  
5HMHꢁWꢀ  
g5HMHꢃWg  
RU  
g'LYHUWg  
(QGꢀꢁXUUHQWꢀꢁDOO  
g5HSO\g  
             
ꢀꢄ  
0DNLQJꢀDꢀSKRQHꢀꢁDOO  
(QGꢉWKHꢉ(XUUHQWꢉ(DOOꢈꢉ  
6ZDSꢂ&RQIHUHQꢁH  
Q
-
7KHꢉIROORZLQJꢉTXHU\ꢉLVꢉGLVꢇ  
SOD\HGꢏꢉ  
G5HWXUQꢉWRꢉWKHꢉ(DOOꢉRQꢉKROG"G  
6RPHꢉIXQ(WLRQVꢉPD\ꢉQRWꢉEHꢉVXSSRUWHGꢉE\ꢉ  
\RXUꢉVHUYL(HꢉSURYLGHUꢈ  
g<HVg 5HWXUQꢉWRꢉWKHꢉKHOGꢉ(DOO  
RU  
g1Rg 7KHꢉKHOGꢉ(DOOꢉLVꢉHQGHGꢈ  
&RQIHUHQꢁH  
ꢁPHQX  
&RQIHUHQꢂH  
 
+ROG  
 
ꢁPHQX  
g+ROGg  
&DOOꢀWUDQVIHUꢀ  
Q
ꢁPHQXg  
&DOOꢁWUDQVIHU  
6ZDS  
g6ZDSg  
             
ꢀꢅ  
0DNLQJꢀDꢀSKRQHꢀꢁDOO  
&DOOꢀPHQX  
6HQGꢀ'70)ꢀWRQHVꢀ  
ꢁPHQXg  
6HQGꢁ'70)ꢁWRQHV  
ꢁPHQXg  
0LꢂURSKRQHꢁ 6ZLW(KꢉWKHꢉPL(URSKRQHꢉRQꢉRUꢉ  
RIIꢈꢉ,IꢉVZLW(KHGꢉRIIꢊꢉWKHꢉSHUVRQꢉ  
RQꢉWKHꢉRWKHUꢉHQGꢉRIꢉWKHꢉOLQHꢉ  
(DQQRWꢉKHDUꢉ\RXꢈ  
RQ  
$OWHUQDWLYHO\ꢏ  
/Sꢈ ꢀꢍ0  
+ROGꢉGRZQ  
+RZHYHUꢊꢉQXPEHUVꢉEHLQJꢉHQꢇ  
WHUHGꢉDUHꢉDXGLEOHꢉZKHQꢉ6HQGꢁ  
'70)ꢁWRQHVꢉLVꢉD(WLYHꢈ  
9ROXPH  
$GMXVWꢉKDQGVHWꢉYROXPHꢈ  
&RQIHUHQꢂH /Sꢈ ꢀꢄ0  
7LPHꢉꢂKDUJH :KLOHꢉWKHꢉ(RQQH(WLRQꢉ(RQWLQꢇ  
XHVꢊꢉWKHꢉ(DOOꢉGXUDWLRQꢉDQGꢉ/LIꢉ  
VHWꢊꢉVHHꢉ/Sꢈ ꢄꢎ00ꢉWKHꢉ(KDUJHꢉ  
GHWDLOVꢉDUHꢉGLVSOD\HGꢈ  
6HQGꢁ'70) 6HHꢉULJKWꢈ  
WRQHV  
&DOOꢁWUDQVIHU /Sꢈ ꢀꢄ0  
0DLQꢁPHQX 'LUH(WꢉD((HVVꢉWRꢉWKHꢉPDLQꢉ  
PHQXꢈ  
&DOOꢁVWDWXV /LVWꢉDOOꢉKHOGꢉDQGꢉD(WLYHꢉ(DOOVꢉ  
/HꢈJꢈꢉSDUWL(LSDQWVꢉLQꢉDꢉ  
(RQIHUHQ(H0  
         
ꢀꢆ  
0DNLQJꢀDꢀSKRQHꢀꢁDOO  
6ZLWꢁKꢀRII  
$
%DE\VLWWHU  
RQHꢁ  
GRZQ  
GRZQ  
g(GLWg  
g2.g  
3KRQHꢂRGH  
:KHQꢉILUVWꢉSURPSWHGꢊꢉ\RXꢉGHILQHꢉDQGꢉHQWHUꢉ  
WKHꢉꢉ/ꢅꢇꢋꢉGLJLWV0ꢉ/HꢈJꢈꢉIRUꢉ0  
3OHDVHꢁGRꢁQRWꢁIRUJHWꢁWKLVꢁꢂRGHAꢁ  
,WꢉDSSOLHVꢉWRꢉRWKHUꢉIXQ(WLRQVꢉDVꢉZHOOꢉEXWꢉLWꢉ  
PD\ꢉEHꢉ(KDQJHGꢉDWꢉDQ\ꢉWLPHꢉ/Sꢈ ꢍꢃ0  
6ZLWꢁKꢀRQ  
Î
Î
g0HQXg  
6HWXS  
6HꢂXULW\  
Î
%DE\VLWWHU  
g6HOHꢃWg  
$
g2.g  
g(GLWg  
$
WKHꢉ  
/Sꢈ ꢀꢍ0  
   
ꢀꢇ  
3KRQHERRN  
$GGLWLRQDOꢀILHOGV  
*URXSꢁ  
$VVLJQꢉWKHꢉHQWU\ꢉWRꢉDꢉJURXSꢊꢉIRUꢉH[DPSOHꢏ  
2IILꢂHꢈꢁ)DPLO\ꢈꢁ/HLVXUHꢈꢁ9,3  
/VHHꢉJURXSꢉIXQ(WLRQVꢊꢉ/Sꢈ ꢅꢃ00  
/RꢂDWLRQ  
JURXSV  
6HOH(WꢉDꢉVWRUDJHꢉOR(DWLRQꢉRWKHUꢉWKDQꢉWKHꢉ6,0ꢉ  
(DUGꢉ/VWDQGDUG0ꢉVX(KꢉDVꢉSKRQHꢉPHPRU\ꢉRUꢉ  
VSH(LDOꢉ6,0ꢉ(DUGꢉ/Sꢈ ꢃꢁ0  
ꢄ1HZꢀHQWU\!ꢀ  
5HꢂRUGꢁQRꢃꢁ)VWRUDJHꢁORꢂDWLRQꢁQXPEHU*  
(YHU\ꢉHQWU\ꢉLVꢉDXWRPDWL(DOO\ꢉDVVLJQHGꢉDꢉ  
QXPEHUꢉXQGHUꢉZKL(KꢉLWꢉ(DQꢉDOVRꢉEHꢉVHOH(WHGꢈꢉ  
)RUꢉLQIRUPDWLRQꢉRQꢉKRZꢉWRꢉ(KDQJHꢉWKHꢉ  
QXPEHUꢊꢉVHHꢉ/Sꢈ ꢃꢀ0  
ꢑ2ZQꢁQXPEHUV!  
ꢑ1HZꢁHQWU\!  
ꢑ*URXS!  
,QSXWꢀDLGꢀ  
6HOHꢂW  
,IꢉWKHꢉ(XUVRUꢉLVꢉLQꢉWKHꢁLQSXWꢁILHOGꢁꢑ3KRQHꢁ  
QXPEHU!ꢉ\RXꢉ(DQꢉXVHꢉWKHꢉOHIWꢉVRIWꢉNH\ꢉWRꢉ  
GLVSOD\ꢉDꢉOLVWꢉZLWKꢉLQWHUQDWLRQDOꢉGLDOOLQJꢉ  
(RGHVꢈ  
ꢑ1HZꢁHQWU\!  
gꢂ/LVWꢁ 3UHVVꢈꢉ6HOH(WꢉWKHꢉUHTXLUHGꢉ  
(RXQWU\ꢈꢉ7KHꢉLQWHUQDWLRQDOꢉGLDOꢇ  
OLQJꢉ(RGHꢉLVꢉGLVSOD\HGꢈ  
ꢉNH\ꢉXQWLOꢉDꢉ³Eꢉ´ꢉ  
DSSHDUVꢈꢉ7KLVꢉUHSOD(HVꢉWKHꢉWZRꢉ  
OHDGLQJꢉGLJLWVꢉRIꢉWKHꢉLQWHUQDꢇ  
WLRQDOꢉGLDOOLQJꢉ(RGHꢈ  
g6DYHg  
ꢑ2ZQꢁQXPEHUV!  
<RXꢉ(DQꢉHQWHUꢉ\RXUꢉ³RZQ´ꢉQXPEHUVꢉ  
/HꢈJꢈ ID[0  
         
ꢀꢏ  
3KRQHERRNꢀ  
7H[WꢁHQWU\  
6SHꢂLDOꢁꢂKDUDꢂWHUV  
3UHVVꢉGLJLWꢉNH\ꢉUHSHDWHGO\ꢉXQWLOꢉWKHꢉUHTXLUHGꢉ  
OHWWHUꢉLVꢉGLVSOD\HGꢈꢉ7KHꢉ(XUVRUꢉDGYDQ(HVꢉDIꢇ  
WHUꢉDꢉVKRUWꢉGHOD\ꢈ  
3UHVVꢉNH\ꢉUHSHDWHGO\ꢉXQWLOꢉWKHꢉ(KDUD(WHUꢉLVꢉ  
GLVSOD\HG 7RꢉHQWHUꢉVSH(LDOꢉ(KDUD(WHUVꢉDIWHUꢉ  
QXPEHUVꢉ/HꢈJꢈꢉꢆꢉꢐ0ꢊꢉVZLW(KꢉWR WKHꢉOHWWHUꢉPRGHꢉ  
ILUVWꢏ  
3UHVV RQ(HꢉIRUꢉDWZL(HꢉIRUꢉEꢁ  
HW(ꢈꢉ7KHꢉILUVWꢉOHWWHUꢉLQꢉHD(Kꢉ  
QDPHꢉLVꢉDXWRPDWL(DOO\ꢉZULWWHQꢉ  
LQꢉ833(5&$6(  
%ODQN  
M
½
"
·
A
*
E
¢
bꢈlꢉꢀꢎꢋ 8PODXWVꢉDQGꢉQXPEHUVꢉDUHꢉGLVꢇ  
SOD\HGꢉDIWHUꢉWKHꢉUHOHYDQWꢉOHWWHUꢈ  
£
@
´
B
)
   
!
W a  
&OHDUꢁ 3UHVVꢉEULHIO\ꢉWRꢉGHOHWHꢉWKHꢉOHWWHUꢉ  
EHIRUHꢉWKHꢉ(XUVRUꢊꢉKROGꢉGRZQꢉWRꢉ  
HUDVHꢉWKHꢉZKROHꢉQDPHꢈ  
Y
# ?  
\
Γ ∆ Θ Λ  
Ξ
Π Σ Φ Ψ Ω  
0RYHꢉWKHꢉ(XUVRUꢈ  
'(  
6ZLW(KꢉEHWZHHQꢉ833(5ꢇ  
&$6(ꢊꢉORZHU(DVHꢉOHWWHUVꢉDQGꢉ  
GLJLWVꢈ  
:ULWHꢏꢃꢁꢈ"ꢁAꢁꢌꢁEꢎꢐꢁ  
6SD(Hꢈ  
     
ꢀꢊ  
3KRQHERRN  
3KRQHERRNꢂ0HQX  
&DOOꢂVHDUꢁKꢀIRUꢀDQꢀHQWU\ꢀ  
g2SWLRQVꢁ  
9LHZ  
'LVSOD\ꢉWKHꢉVHOH(WHGꢉHQWU\ꢈ  
$
(
(GLWꢁHQWU\ 'LVSOD\ꢉSKRQHꢉQXPEHUꢉDQGꢉ  
QDPHꢉIRUꢉ(KDQJHVꢈ  
1HZꢁHQWU\ &UHDWHꢉDꢉQHZꢉ3KRQHERRNꢉ  
HQWU\ꢈ  
ꢑ*URXS!  
&DURO  
'HOHWHꢁHQWU\ 'HOHWHꢉHQWU\ꢉVHOH(WHGꢉIURPꢉWKHꢉ  
3KRQHERRNꢈ  
'LDQD  
9LHZ  
'HOHWHꢁDOO 'HOHWHꢉDOOꢉHQWULHVꢉDIWHUꢉ(RQILUꢇ  
PDWLRQꢈꢉ'HSHQGLQJꢉRQꢉWKHꢉVWRUꢇ  
DJHꢉOR(DWLRQꢉRIꢉWKHꢉHQWULHVꢊꢉWKHꢉ  
3,1ꢊꢉ3,1ꢉꢃꢉRUꢉWKHꢉSKRQHꢉ(RGHꢉ  
PD\ꢉDOVRꢉEHꢉUHTXHVWHGꢈ  
2SWLRQV  
6HQGꢁ606ꢃꢃꢃ DVꢁHQWU\  
6HQGꢉDꢉ3KRQHERRNꢉHQWU\ꢈ  
DVꢁWH[W  
6HQGꢉHQWU\ꢉDVꢉDꢉWH[WꢉRIꢉDQꢉ606ꢉ  
PHVVDJHꢈ  
,QVHUWꢁSLꢂꢎ $VVLJQꢉDꢉV\PEROꢉWRꢉDꢉSKRQHꢉ  
QXPEHUꢉ/Sꢈ ꢃꢃ0  
WXUH  
&DSDꢂLW\  
'LVSOD\ꢉWKHꢉ(DSD(LW\ꢉXVHGꢉDQGꢉ  
DYDLODEOHꢈ  
   
ꢀꢋ  
3KRQHERRN  
*URXSꢀ0HQX  
*URXSꢀ  
g2SWLRQVꢁ  
9LHZꢁPHPꢎ 'LVSOD\ꢉDOOꢉHQWULHVꢉDVVLJQHGꢉ  
WRꢉWKHꢉJURXSꢈ  
EHUV  
2IILꢂHꢈꢁ)DPLO\ꢈꢁ/HLVXUHꢈꢁ9,3  
5HQDPHꢁ  
JURXS  
&KDQJHꢉWKHꢉ(XUUHQWꢉQDPHꢉRIꢉ  
WKHꢉJURXSꢈ  
5HPRYHꢁHQꢎ 5HPRYHꢉDOOꢉPHPEHUVꢉIURPꢉ  
WKHꢉVHOH(WHGꢉJURXSꢈ  
*URXSꢁV\Pꢎ $VVLJQꢉDꢉV\PEROꢉWRꢉDꢉJURXSꢉ  
/Sꢈ ꢃꢃ0  
WULHV  
ERO  
6HOHꢁWꢀDꢀJURXS  
&DOOꢁWRꢁJURXSꢁ &DOOꢉXSꢉWRꢉꢆꢉPHPEHUVꢉRIꢉDꢉ  
JURXSꢉRQHꢉE\ꢉRQHꢉDQGꢉOLQNꢉ  
WKHPꢉWRJHWKHUꢉLQꢉDꢉ(RQIHUꢇ  
HQ(Hꢉ/Sꢈ ꢅꢄ0  
Q
(
606ꢁWRꢁ  
JURXS  
6HQGꢉDQꢉ606ꢉWRꢉDOOꢉPHPEHUVꢉ  
RIꢉDꢉJURXSꢉ/Sꢈ ꢅꢄ0  
2IILꢂH  
/HLVXUHꢁ  
9,3)ꢏ*  
9LHZ  
)ꢀꢏ*  
)ꢋ*  
&KDQJHꢀJURXSꢀDVVLJQPHQW  
2SWLRQV  
g9LHZg  
(
g9LHZg  
g(GLWg  
(
g(GLWg  
6DYH  
g
g
   
ꢍꢌ  
3KRQHERRN  
*URXSꢀHQWU\ꢀPHQX  
/RꢁDWLRQ  
g2SWLRQVꢁ  
(
g2SWLRQVg  
9LHZꢁHQWU\ 'LVSOD\ꢉWKHꢉHQWU\ꢈ  
(GLWꢁHQWU\  
(GLWꢁHQWU\  
'LVSOD\ꢉWKHꢉHQWU\ꢉIRUꢉ  
(KDQJHVꢈ  
(
1HZꢁHQWU\ 2SHQꢉ3KRQHERRNꢉDQGꢉDGGꢉDQꢉ  
HQWU\ꢉWRꢉWKHꢉ(XUUHQWꢉJURXSꢈ  
/RꢂDWLRQ  
5HPRYHꢁHQꢎ 'HOHWHꢉHQWU\ꢉRQO\ꢉIURPꢉWKHꢉ  
JURXSꢈ  
6HQGꢁ606ꢃꢃꢃ DVꢁHQWU\  
6HQGꢉDꢉ3KRQHERRNꢉHQWU\ꢈ  
WULHV  
6,0ꢁ)VWDQGDUG*#  
DVꢁWH[W  
6HQGꢉHQWU\ꢉDVꢉWH[WꢉRIꢉDQꢉ606ꢉ  
PHVVDJHꢈ  
,QVHUWꢁSLꢂꢎ $VVLJQꢉDꢉV\PEROꢉWRꢉDꢉSKRQHꢉ  
3URWHꢂWHGꢁ6,0ꢁꢁꢁꢁꢁꢁ  
Q
QXPEHUꢉ/Sꢈ ꢃꢃ0  
WXUH  
0RELOHꢁ)SKRQHꢁPHPRU\*3  
       
ꢍꢀ  
3KRQHERRN  
5HꢁRUGꢀQRꢅꢀ  
6WRUHꢀꢁRQWUROꢀꢁRGHꢀ  
DQGꢁ  
0DNLQJꢀDꢀꢁDOOꢀ  
$
$
$
(GLW  
.
(
g2SWLRQVg  
(GLWꢁHQWU\  
$
g6DYHg  
(
5HꢂRUGꢁQRꢃ  
g(GLWg  
IUHH  
g6DYHg  
           
ꢍꢍ  
3KRQHERRN  
&DOOLQJꢀV\PERO  
,QVHUWꢀSLꢁWXUHꢀ  
'(  
g2.g  
(
g2SWLRQVꢁ  
,QVHUWꢁSLꢂWXUH  
&DOOLQJꢀIDꢁHV  
'(  
=ꢇ  
g2.g  
       
ꢍꢄ  
0HVVDJHꢀ!606"  
5HSO\ꢀ0HQX  
g5HSO\g  
:ULWHꢁPHVVDJH  
&UHDWHꢉDꢉQHZꢉUHSO\ꢉWH[Wꢉ  
/Sꢈ ꢃꢆ0  
(GLW  
(GLWꢉPHVVDJHꢉUH(HLYHGꢉ  
RUꢉDVVLJQꢉDꢉQHZꢉWH[Wꢉ  
WR LWꢈ  
5HDGꢀ0HVVDJHVꢀ  
$QVZHUꢁLVꢁ12  
$GGꢉ<(6ꢉWRꢉWKHꢉ  
PHVVDJHꢈ  
g
$GGꢉ12ꢉWRꢉWKHꢉ  
PHVVDJHꢈ  
;  
ꢎꢁ&DOOꢁEDꢂN  
ꢎꢁ'HOD\  
ꢎꢁ7KDQNV  
$SSHQGꢉDꢉVWDQGDUGꢉ  
WH[WꢉWRꢉWKHꢉPHVVDJHꢉDVꢉ  
DꢉUHSO\ꢈ  
)6HUYLꢂHꢁSURYLGHU*  
ꢌꢀꢃꢀꢌꢃꢍꢌꢌꢀꢁ  
ꢍꢄꢐꢅꢆ  
0HQX  
g2SWLRQVg  
7KHꢉPHPRU\ꢉLVꢉIXOOꢉZKHQꢉWKHꢉPHVꢇ  
VDJHꢉV\PEROꢉIODVKHVꢈꢉ1RꢁPRUHꢁ606ꢉPHVꢇ  
VDJHVꢉ(DQꢉEHꢉUH(HLYHGꢈꢉ'HOHWHꢉRUꢉVDYHꢉ  
PHVVDJHVꢉ/Sꢈ ꢃꢅ0  
'DWHꢂWLPHꢉ  
3KRQHꢉ  
QXPEHUꢂ  
VHQGHUꢉ  
0HVVDJH  
ꢌꢀꢃꢀꢌꢃꢍꢌꢌꢀ  
ꢀꢆꢐꢄꢇ  
ꢄꢅꢆꢅꢇꢈꢇꢈꢆꢉꢆꢉ  
1XPEHUVꢉgKLJKOLJKWHGgꢉLQꢉWKHꢉPHVVDJHꢉ(DQꢉ  
EHꢉGLDOOHGꢉ/&DOOꢉNH\0ꢊꢉVWRUHGꢉLQꢉWKHꢉ3KRQHꢇ  
ERRNꢉ/Sꢈ ꢀꢍ0ꢉRUꢉXVHGꢉDVꢉWKHꢉDGGUHVVꢉIRUꢉDꢉ  
UHSO\ꢈ  
'RꢁZHꢁPHHWꢁWRPRUURZ"  
5HSO\ 2SWLRQV  
3LꢂWXUHVꢁRUꢉVRXQGVꢁ(DQꢉEHꢉSDUWꢉRIꢉPHVVDJꢇ  
HVꢉ\RXꢉUH(HLYHGꢈꢉ3L(WXUHVꢉDUHꢉVKRZQꢉLQꢉWKHꢉ  
PHVVDJHꢊꢉVRXQGVꢉDUHꢉLQGL(DWHGꢉDVꢉQRWHVꢈꢉ,Iꢉ  
DꢉQRWHꢉLVꢉUHD(KHGꢉZKHQꢉV(UROOLQJꢉWKURXJKꢉ  
WKHꢉPHVVDJHꢉWKHꢉ(RUUHVSRQGLQJꢉVRXQGꢉLVꢉ  
SOD\HGꢈ  
'(  
g5HSO\g  
g2SWLRQVg  
     
ꢍꢅ  
0HVVDJHꢀ!606"  
,QER[ꢂ2XWER[  
Î
g0HQXg  
0HVVDJHV  
,QER[ꢉ2XWER[  
Î
           
ꢍꢆ  
0HVVDJHꢀ!606"  
7H[Wꢀ0HQX  
&RPSRVHꢀDꢀPHVVDJH  
g2SWLRQVg  
6HQG  
Î
Î
0HVVDJHVꢁ  
g0HQXg  
1HZꢁ606  
'LDOꢉWKHꢉQXPEHUꢉRIꢉWKHꢉDGꢇ  
GUHVVꢉRUꢉVHOH(WꢉIURPꢉWKHꢉ  
3KRQHERRNꢊꢉWKHQꢉVHQGꢈ  
$
6DYH  
6DYHꢉWKHꢉ(RPSRVHGꢉPHVVDJHꢉ  
LQꢉWKHꢉRXWER[ꢉOLVWꢈ  
7ꢋꢁLQSXW  
ꢁ7ꢋꢁSUHIHUUHG  
$(WLYDWHꢂGH(WLYDWHꢉ7ꢎꢉLQSXWꢈ  
g'HOHWHg  
/Sꢈ ꢃꢌ0  
7ꢋꢁODQJXDJH  
6HOH(WꢉWKHꢉODQJXDJHꢉLQꢉZKL(Kꢉ  
WKHꢉPHVVDJHꢉLVꢉWRꢉEHꢉ  
(RPSRVHGꢈ  
ꢉꢂꢉ  
$
,QVHUWꢁQHZꢁ (QWHUꢉDꢉOLQHꢉEUHDNꢈ  
OLQH  
'HOHWHꢁWH[Wꢁ 'HOHWHꢉWKHꢉZKROHꢉWH[Wꢈ  
g2.g  
3LꢂWXUHꢁ\  
$GGꢉSL(WXUHVꢉDQGꢉVRXQGVꢉWRꢉ  
PHVVDJHꢉ/Sꢈ ꢃꢍ0  
g6HQGg  
6RXQG  
,QVHUWꢁWH[W ,QVHUWꢉVWDQGDUGꢉWH[WꢉLQꢉWKHꢉ  
PHVVDJHꢈ  
g5HWXUQg  
,QVHUWꢁIURPꢃꢃꢃ 2SHQꢉ3KRQHERRNꢉDQGꢉ(RS\ꢉ  
WKHꢉSKRQHꢉQXPEHUꢉLQWRꢉWKHꢉ  
WH[Wꢈ  
g2SWLRQVg  
6DYH  
,QVHUWꢁ85/ ,QVHUWꢉ85/ꢉIURPꢉWKHꢉ:$3  
ERRNPDUNꢉLQꢉWKHꢉWH[Wꢈ  
,Iꢉ0HVVDJHꢁW\SHꢊꢉ9DOLGLW\ꢁSHULRGꢉRUꢉ6HUꢎ  
YLꢂHꢁꢂHQWUHꢐꢁDUHꢉUHTXHVWHGꢊꢉVHHꢉ/Sꢈ ꢃꢎ0  
,QIRUPDWLRQꢁRQꢁ606  
,IꢉWKHꢉSKRQHꢉZDVꢉXQDEOHꢉWRꢉVHQGꢉWKHꢉPHVꢇ  
VDJHꢉWRꢉWKHꢉVHUYL(Hꢉ(HQWUHꢉDꢉUHWU\ꢉRSWLRQꢉLVꢉ  
DYDLODEOHꢈꢉ,IꢉWKLVꢉDWWHPSWꢉDOVRꢉIDLOVꢊꢉ(RQWD(Wꢉ  
\RXUꢉVHUYL(HꢉSURYLGHUꢈ  
7KHꢉ0HVVDJHꢁVHQWꢁWH[WꢉRQO\ꢉLQGL(DWHVꢉWKDWꢉ  
WKHꢉPHVVDJHꢉKDVꢉEHHQꢉWUDQVPLWWHGꢉWRꢉWKHꢉ  
VHUYL(Hꢉ(HQWUHꢉZKL(KꢉQRZꢉWULHVꢉWRꢉGHOLYHUꢉWKHꢉ  
PHVVDJHꢉZLWKLQꢉDꢉ(HUWDLQꢉSHULRGꢈ  
     
ꢍꢇ  
0HVVDJHꢀ!606"  
3UHGHILQHGꢀWH[W  
3LꢁWXUHꢀ1ꢀ6RXQGꢀ2(063  
:ULWHꢀWH[WꢀIUDJPHQWV  
$
Î
0HVVDJHV  
g0HQXg  
Î
3UHGHILQHGꢁWH[W  
g2SWLRQVg  
1HZꢁHQWU\  
$
3LꢂWXUHꢁ\ꢁ6RXQG  
g6DYHg  
3LꢂWXUHV  
8VHꢀWH[WꢀIUDJPHQW  
'(  
$
g6HOHꢃWg  
g2SWLRQVg  
,QVHUWꢁWH[W  
6RXQGV  
3LꢂWXUHꢁ\ꢁ6RXQG  
'(  
g6RXQGVg  
g6HOHꢃWg  
'(  
g6HOHꢃWg  
606ꢀWRꢀJURXS  
/Sꢈ ꢅꢄ0  
       
ꢍꢏ  
0HVVDJHꢀ!606"  
3UHVVꢉEHIRUHꢉWKHꢉZRUGꢉIRUꢉXSꢇ  
SHU(DVHꢂORZHU(DVHꢉRUꢉGLJLWVꢈꢉ  
7H[WꢀHQWU\ꢀZLWKꢀ´7ꢆµ  
%ODQNꢈꢉ(QGVꢉDꢉZRUGꢈ  
)XOOꢉVWRSꢈꢉ(QGVꢉDꢉZRUGꢉZKHQꢉDꢉ  
EODQNꢉIROORZVꢈꢉ$(WVꢉDVꢉDꢉZLOGꢇ  
(DUGꢉ(KDUD(WHUꢉIRUꢉDQꢉDSRVWURꢇ  
SKHꢂK\SKHQꢉLQꢉWKHꢉZRUGꢏꢉHꢈJꢈꢉ  
g3URYLGHUꢊVgꢉ ꢉ3URYLGHU¶Vꢈ  
$ꢂWLYDWHꢈꢁGHDꢂWLYDWHꢁ7ꢋ  
g2SWLRQVg  
7ꢋꢁLQSXW  
7ꢋꢁSUHIHUUHG  
*RꢉWRꢉWKHꢉULJKWꢈꢉ(QGVꢉDꢉZRUGꢈ  
(
6
'HD(WLYDWHꢉ7ꢎꢉWHPSRUDULO\ꢉDQGꢉ  
D(WLYDWHꢉLWꢉDJDLQꢈ  
g6HOHꢃWg  
6HOHꢂWꢁ7ꢋꢁODQJXDJH  
6SHꢂLDOꢁꢂKDUDꢂWHUV  
3UHVVꢉNH\ꢉUHSHDWHGO\ꢉXQWLOꢉWKHꢉ(KDUD(WHUꢉLVꢉ  
GLVSOD\HGꢈꢉ7RꢉZULWHꢉVSH(LDOꢉ(KDUD(WHUVꢉDIWHUꢉ  
QXPEHUVꢉ/HꢈJꢈꢉꢆꢉꢐ0ꢊꢉVZLW(KꢉWRꢉWKHꢉOHWWHUꢉPRGHꢉ  
g2SWLRQVg  
ILUVWꢏꢉ  
ꢁ7ꢋꢁODQJXDJH  
½
%ODQN   
M
B
 
&UHDWHꢁDꢁZRUGꢁXVLQJꢁ7ꢋ  
"
·
A
*
E
¢
LWꢁLVꢁEHVWꢁLIꢁ\RXꢁILQLVKꢁDꢁZRUGꢁ  
ZLWKRXWꢁORRNLQJꢁDWꢁWKHꢁGLVSOD\ꢃ  
£
@
´
)
   
!
W a  
once  
Y
# ?  
\
Γ ∆ Θ Λ  
Ξ
Π Σ Φ Ψ Ω  
'LVSOD\ꢉLQꢉWKHꢉXSSHUPRVWꢉOLQHꢏ  
b
7 7ꢎꢉD(WLYHꢈ  
DEꢂꢉ$Eꢂꢉꢀꢍꢄ8 SSHU(DVHꢂORZHU(DVHꢊꢉ  
GLJLWVꢈ  
$
once  
twice  
       
ꢍꢊ  
0HVVDJHꢀ!606"  
7ꢃꢀZRUGꢀVXJJHVWLRQV  
&RUUHꢁWꢀDꢀZRUG  
using  
'(  
gKLJKOLJKWHGg  
g'HOHWHg  
and  
:LWKLQꢉDꢉ³ꢉ7ꢎꢉZRUGꢉ´ꢉLQGLYLGXDOꢉOHWWHUVꢉPD\ꢉ  
QRWꢉEHꢉHGLWHGꢉZLWKRXWꢉ(DQ(HOOLQJꢉ7ꢎꢉILUVWꢈꢉ,Qꢉ  
PRVWꢉ(DVHVꢉLWꢉLVꢉEHWWHUꢉWRꢉꢉUHZULWHꢉWKHꢉ(RPꢇ  
SOHWHꢉZRUGꢈ  
not  
7ꢋꢁ$Eꢂꢁ606  
ꢀꢅꢍ  
'(  
$WꢁꢊꢁZHꢁDUHꢁBBB  
g'HOHWHg  
6SHOO  
g6SHOOg  
Š
7ꢎ 7H[Wꢉ,QSXWꢉLVꢉOL(HQVHGꢉXQGHUꢉRQHꢉRUꢉPRUHꢉ  
RIꢉWKHꢉIROORZLQJꢏꢉ8ꢈ6ꢈꢉ3DWꢈꢉ1RVꢈꢆꢊꢋꢀꢋꢊꢅꢄꢌꢊꢉ  
ꢆꢊꢎꢆꢄꢊꢆꢅꢀꢊꢉꢆꢊꢀꢋꢌꢊꢅꢋꢁꢊꢉꢆꢊꢎꢅꢆꢊꢎꢃꢋꢊꢉDQGꢉ  
ꢍꢊꢁꢀꢀꢊꢆꢆꢅꢑꢉ&DQDGLDQꢉ3DWꢈꢉ1Rꢈꢉꢀꢊꢄꢄꢀꢊꢁꢆꢌꢑꢉ  
8QLWHGꢉ.LQJGRPꢉ3DWꢈꢉ1Rꢈꢉꢃꢃꢄꢋꢅꢀꢅ%ꢑꢉ+RQJꢉ  
.RQJꢉ6WDQGDUGꢉ3DWꢈꢉ1Rꢈꢉ+.ꢁꢎꢅꢁꢄꢃꢎꢑꢉ5Hꢇ  
SXEOL(ꢉRIꢉ6LQJDSRUHꢉ3DWꢈꢉ1Rꢈꢉꢆꢀꢄꢋꢄꢑꢉ(Xꢇ  
URꢈ3DWꢈꢉ1Rꢈꢉꢁꢉꢋꢅꢃꢉꢅꢍꢄꢉ/ꢎꢍꢎꢃꢌꢃꢍꢁꢈꢋ0ꢉ'(ꢂ'.ꢊꢉ  
),ꢊꢉ)5ꢊꢉ,7ꢊꢉ1/ꢊꢉ37(6ꢊꢉ6(ꢊꢉ*%ꢑꢉDQGꢉDGGLWLRQꢇ  
DOꢉSDWHQWVꢉDUHꢉSHQGLQJꢉZRUOGZLGHꢈ  
ꢁ6DYHꢁ  
 
ꢍꢋ  
0HVVDJHꢀ!606"  
0HVVDJHꢁW\SH  
6HWXS  
0DQXDOꢁVHꢎ 7KHꢉPHVVDJHꢉW\SHꢉLVꢉUHTXHVWHGꢉ  
IRUꢉHD(KꢉPHVVDJHꢈ  
OHꢂWLRQ  
6WDQGDUGꢁ 1RUPDOꢉ606ꢉPHVVDJHꢈ  
WH[W  
(ꢎPDLO  
)D[  
7UDQVPLVVLRQꢉYLDꢉ606ꢈ  
7UDQVPLVVLRQꢉYLDꢉ606ꢈ  
Î
g0HQXg  
0HVVDJHV  
6HWXS  
1HZ  
<RXꢉPD\ꢉQHHGꢉWRꢉREWDLQꢉWKHꢉUHꢇ  
TXLUHGꢉ(RGHꢉQXPEHUꢉIURPꢉ\RXUꢉ  
VHUYL(HꢉSURYLGHUꢈ  
Î
g$ꢃWLYDWHg  
9DOLGLW\ꢁSHULRG  
6HWXSꢀPHQX  
g2SWLRQVg  
0DQXDOꢁVHOHꢂWLRQꢈꢁꢀꢁKRXUꢈꢁꢀꢍꢁKRXUVꢈꢁ  
ꢀꢁZHHNꢈꢁ0D[LPXPꢁ@ꢈꢁ1HZ  
@ꢉ0D[LPXPꢉSHULRGꢉWKDWꢉWKHꢉVHUYL(HꢉSURYLGHUꢉ  
SHUPLWVꢈ  
$ꢂWLYDWH  
8VHꢉWKHꢉSURILOHꢉVHOH(WHGꢈ  
&KDQJHꢁVHWꢎ &KDQJHꢉSURILOHꢊꢉVHHꢉRSWLRQVꢉ  
WLQJV  
EHORZꢈ  
5HQDPH  
5HQDPHꢉWKHꢉSURILOHꢈ  
6WDWXVꢁUHSRUW  
Q
6HUYLꢂHꢁꢂHQWUH  
5HꢂLSLHQW  
'LUHꢂWꢁUHSO\ꢁ  
Q
               
ꢄꢌ  
:$3  
6WDUWꢀPHQX  
+RPHSDJH 7KHꢉ(RQQH(WLRQꢉWRꢉWKHꢉꢉ,QWHUꢇ  
QHWꢉSURYLGHU¶VꢉSRUWDOꢉLVꢉHVWDEꢇ  
OLVKHGꢉ/PD\ꢉEHꢉVHWꢂSUHVHWꢉE\ꢉ  
WKHꢉSURYLGHU0  
%RRNPDUNV 'LVSOD\XSꢉWRꢉꢀꢁꢉ85/VꢉVWRUHGꢉꢉ  
LQꢉWKHꢉSKRQHꢉIRUꢉIDVWꢉD((HVVꢉ  
U
,QWHUQHWꢀDꢁꢁHVV  
/QRWꢉVXSSRUWHGꢉE\ꢉDOOꢉ  
SURYLGHUV0ꢈꢉ)RUꢉKRZꢉWRꢉXVHꢉ  
VHHꢉSꢈ ꢄꢅꢈꢉ  
g0HQXg Î 6XUIꢁ\ꢁIXQ Î ,QWHUQHW  
5HVXPH  
3URILOHV  
&DOOꢉXSꢉUH(HQWO\ꢉYLVLWHGꢉSDJHVꢉ  
WKDWꢉDUHꢉVWLOOꢉLQꢉWKHꢉPHPRU\ꢈ  
6WDUWꢁZLWKꢃꢃꢃ  
6HWꢉXSꢉWRꢉꢆꢉD((HVVꢉSURILOHVꢉ  
/Sꢈ ꢄꢃ0  
ꢁ6WDUWꢁPHQX  
ꢀꢁ+RPHSDJH  
ꢍꢁ%RRNPDUNV  
q
6HOH(Wꢉ1HZꢁHQWU\ꢉWRꢉHQWHUꢉDꢉ  
QHZꢉSURILOHꢈ  
([LWꢁEURZVHU &ORVHꢉWKHꢉEURZVHUꢉDQGꢉ(OHDUꢉ  
GRZQꢉWKHꢉ(RQQH(WLRQꢈ  
([DPSOHꢄꢀ+RPHSDJH  
(
''  
1HZV  
GRZQꢁ  
6SRUWLQIRꢁ  
:HDWKHU  
/LQN  
2IIOLQH  
2QOLQH  
QRꢉQHWZRUN  
7KHꢉ(XUUHQWꢉGLVSOD\ꢉLVꢉLQꢉWKHꢉXSSHUꢉULJKWꢉ  
(RUQHUꢈꢉ  
       
ꢄꢀ  
:$3  
0RUHꢀꢅꢅꢅꢀ  
%URZVHUꢀPHQX  
3URILOHV  
6HWꢉXSꢉWRꢉꢆꢉD((HVVꢉSURILOHVꢉ  
/Sꢈ ꢄꢃ0  
5HVHW  
'HOHWHꢉWKHꢉSDJHVꢉODVWꢉYLVLWHGꢉ  
/(D(KH0  
3UHVVꢁWRꢁVWDUWꢁWKHꢁ  
EURZVHUꢁPHQX  
,QER[  
,QER[ꢉIRUꢉLQ(RPLQJꢉ  
PHVVDJHVꢈ  
+RPHSDJH 7KHꢉILUVWꢉ:$3ꢉ,QWHUQHWꢉSDJHꢉ  
WKDWꢉLVꢉGLVSOD\HGꢉDIWHUꢉ(RQꢇ  
QH(WLRQꢉLVꢉHVWDEOLVKHGꢉ/PD\ꢉ  
EHꢉVHWꢂSUHVHWꢉE\ꢉWKHꢉVHUYL(Hꢉ  
SURYLGHU0  
&KDUJHꢁLQIR 'LVSOD\ꢉ(DOOꢉGXUDWLRQꢉDQGꢉ  
WUDQVPLVVLRQꢉVSHHGꢈ  
6HꢂXULW\  
)RUꢉVH(XUHꢉGDWDꢉWUDQVPLVꢇ  
VLRQꢊꢉVRPHꢉLQIRUPDWLRQꢉLVꢉHQꢇ  
(U\SWHGꢈꢉ$OOꢉEURZVHUꢉGDWDꢉUHOꢇ  
HYDQWꢉWRꢉVH(XULW\ꢉ(DQꢉEHꢉ  
VHOH(WHGLQWKLVꢉPHQXꢈꢉ)XUWKHUꢉ  
LQIRUPDWLRQꢉRQꢉVH(XULW\ꢉLVꢉ  
IRXQGꢉXQGHUꢏ  
%RRNPDUNV 'LVSOD\ꢉXSꢉWRꢀꢁꢉ85/VꢉVWRUHGꢉ  
LQꢉꢉWKHꢉSKRQHꢉIRUꢉIDVWꢉD((HVVꢉ  
U
/QRWꢉVXSSRUWHGꢉE\ꢉDOOꢉ6HUYL(Hꢉ  
3URYLGHUV0ꢈꢉ)RUꢉKRZꢉWRꢉXVHꢉ  
VHHꢉSꢈ ꢄꢅꢈꢉ  
KWWSꢐꢉꢉ  
5HVXPH  
&DOOꢉXSꢉUH(HQWO\ꢉYLVLWHGꢉSDJHVꢉ  
WKDWꢉDUHꢉVWLOOꢉLQꢉPHPRU\ꢈ  
ZZZꢃP\ꢎVLHPHQVꢃꢂRPꢉꢂꢅꢆ  
)RQWꢁVL]H  
6ZLW(KꢉEHWZHHQꢉVPDOOꢉDQGꢉ  
VWDQGDUGꢉIRQWꢉVL]Hꢈ  
*RꢁWRꢁ85/ (QWHUꢉ85/ꢉIRUꢉGLUH(WO\ꢉD(ꢇ  
(HVVLQJꢉDQꢉ,QWHUQHWꢉDGGUHVVꢈ  
6WDUWꢁZLWKꢃꢃꢃ 6HOH(WꢉWKHꢉGLVSOD\ꢉIRUꢉ,QWHUQHWꢉ  
D((HVVꢏ  
6KRZꢁ85/ 6KRZꢉWKHꢉ,QWHUQHWꢉDGGUHVVꢉRIꢉ  
WKHꢉ(XUUHQWꢉSDJHꢈ  
6WDUWꢁPHQX  
%URZVHUꢁPHQX  
+RPHSDJH  
5HVXPH  
5HORDG  
'LVꢂRQQHꢂW &ORVHꢉWKHꢉEURZVHUꢉDQGꢉ(OHDUꢉ  
GRZQꢉWKHꢉ(RQQH(WLRQꢈꢉ  
6HHꢉEHORZꢈ  
7KHꢉSDJHꢉLVꢉUHORDGHGꢈ  
%RRNPDUNV  
0RUHꢁꢃꢃꢃ  
$ERXWꢁ2SHQꢎ 'LVSOD\ꢉWKHꢉEURZVHUꢉYHUVLRQꢈ  
ZDYH  
([LWꢁEURZVHU &ORVHꢉWKHꢉEURZVHUꢉDQGꢉ(OHDUꢉ  
GRZQꢉWKHꢉ(RQQH(WLRQꢈ  
       
ꢄꢍ  
:$3  
6HWXSꢀ  
3URILOHꢁ  
QDPHꢐ  
1DPHꢉWKHꢉSURILOHꢉRUꢉ(KDQJHꢉLWꢈ  
:DSꢁSDUDPꢎ ,3ꢁDGGUHVVꢐ  
HWHUV (QWHUꢉ,3ꢉDGGUHVVꢈ  
3RUWꢐ  
(QWHUꢉSRUWꢉQXPEHUꢈ  
+RPHSDJHꢐ  
(QWHUꢉKRPHSDJHꢉ/Sꢈ ꢄꢃ0ꢉLIꢉQRWꢉ  
VHWꢉE\ꢉWKHꢉVHUYL(HꢉSURYLGHUꢈ  
/LQJHUꢁWLPHꢐ  
(QWHUꢉWLPHꢉLQꢉVH(RQGVꢉDIWHUꢉ  
ZKL(KꢉDꢉ(RQQH(WLRQꢉVKRXOGꢉEHꢉ  
WHUPLQDWHGꢉLIꢉQRꢉLQSXWꢉRUꢉGDWDꢉ  
WUDQVIHUꢉWDNHVꢉSOD(Hꢈ  
3URILOHVꢀ  
&6'ꢁVHWWLQJV 'LDOꢎXSꢁQRꢃꢐ  
(QWHUꢉ,63ꢉQXPEHUꢈ  
&DOOꢁW\SHꢐ  
6HOH(Wꢉ,6'1ꢉRUꢉ$QDORJXHꢈ  
/RJLQꢁQDPHꢐ  
(QWHUꢉORJLQꢉQDPHꢈ  
3URILOHꢀVHWWLQJV  
3DVVZRUGꢐ  
(QWHUꢉSDVVZRUGꢉ/VKRZQꢉDVꢉDꢉ  
VHULHVꢉRIꢉDVWHULVNV0  
g6DYHg  
g0HQXg Î 6XUIꢁ\ꢁIXQ Î ,QWHUQHW  
Î 3URILOHV  
(
g(GLWg  
(
       
ꢄꢄ  
:$3  
6SHꢂLDOꢁꢂKDUDꢂWHUVꢁ  
)DVꢁZLWKꢁWKHꢁ606ꢁWH[WꢁHGLWRU*  
$ꢁWLYDWHꢀSURILOHꢀ  
ꢁꢁ3URILOHV  
3UHVVꢉꢄꢉWLPHVꢉIRUꢉꢂ  
ꢀꢁVWDQGDUG  
3UHVVꢉꢄꢉWLPHVꢉIRUꢉ#  
ꢍꢁ4ꢁHꢋ&RPPHUꢃH  
(GLW  
6HOHꢂW  
UHVV  
ꢃꢁ  
3UHVVꢉUHSHDWHGO\ꢉIRUꢉꢐꢁ  
3UHVVꢉ HSHDWHGO\  
Î
Î
g0HQXg  
6XUIꢁ\ꢁIXQ  
3URILOHV  
,QWHUQHW  
Î
(
g6HOHꢃWg  
<RXUꢉ,QWHUQHWꢉEURZVHUꢉLVꢉOL(HQVHGꢉE\ꢏꢉ  
 
ꢄꢅ  
:$3  
(QWHUꢀWKHꢀ,QWHUQHWꢀDGGUHVVꢀ185/3  
2SHUDWLQJꢀLQVWUXꢁWLRQV  
6WDUWꢀZLWKꢅꢅꢅ  
0RUHꢁꢃꢃꢃ  
0RUHꢁꢃꢃꢃ  
*RꢁWRꢁ85/  
6WDUWꢁZLWKꢃꢃꢃ  
6WDUWꢁPHQXꢁ  
%URZVHUꢁPHQX  
+RPHSDJH  
5HVXPH  
%RRNPDUNV  
%RRNPDUNV  
(GLWꢀ  
6DYH  
Î
Î
g0HQXg  
6XUIꢁ\ꢁIXQ  
3URILOHV  
,QWHUQHW  
%RRNPDUNV  
2QOLQHꢐ  
Î
$GGꢁERRNPDUN  
(ꢎ&RPPHUꢂH  
g(GLWg  
2IIOLQHꢐ  
:DSꢁSDUDPHWHUVꢉ+RPHSDJH  
)(PSW\*  
7RꢁXVHꢁDꢁIDYRXULWH  
g6DYHg  
   
ꢄꢆ  
9RLꢁHꢀPHVVDJHꢃ0DLOER[  
)RUZDUGLQJꢁQXPEHU  
Î 'LYHUW Î  
8QDQVZHUHG Î 6HW  
g0HQXg  
g2.g  
&DOOꢁZDLWLQJꢁLV  
Q
/LVWHQꢀWRꢀꢀ  
6HWXSꢀ  
RU  
0DLOER[ꢁQXPEHU  
RUꢁ  
g0HQXg Î 0HVVDJHV  
Î 9RLꢂHꢁPHVVDJH  
+ROGꢉGRZQꢁ/LIꢉQH(HVVDU\ꢉGLDOꢉ  
WKHꢉPDLOER[ꢉQXPEHUꢉRIꢉWKHꢉ  
VHUYL(Hꢉ(HQWUH0  
g2.g  
2XWVLGHꢉ\RXUꢉKRPHꢉQHWZRUNꢉ\RXꢉPD\ꢉQHHGꢉDꢉ  
GLIIHUHQWꢉPDLOER[ꢉQXPEHUꢉDQGꢉHQWHUꢉDꢉSDVVꢇ  
ZRUGꢉWRꢉD((HVVꢉ\RXUꢉPDLOER[ꢈ  
         
ꢄꢇ  
&HOOꢀEURDGꢁDVW  
1HZꢁWRSLꢂ  
1HZꢁWRSLꢂ  
g2.g  
g2.g  
B7RSLꢂꢁ  
OLVWB  
g0HQXg Î 0HVVDJHV Î &HOOꢁEURDGꢎ  
ꢂDVW  
6HOHꢂWLRQꢁIURPꢁDꢁOLVWꢁ  
%URDGꢁDVW  
U
g2SWLRQVg  
$XWRꢀGLVSOD\  
5HDGꢀQHZꢀ&%  
'(  
7RSLꢁꢀOLVWꢀ  
g5HDGꢁ&%g  
         
ꢄꢏ  
&HOOꢀEURDGꢁDVWꢃ  
7RSLꢁꢀLQGH[  
Q
6,0ꢀVHUYLꢁHV  
Q
&%ꢀODQJXDJHV  
g0HQXg Î 6,0ꢁVHUY  
'LVSOD\V  
6
7
7RSL(ꢉD(WLYDWHGꢈ  
7RSL(ꢉGHD(WLYDWHGꢈ  
1HZꢉPHVVDJHVꢉUH(HLYHGꢉRQꢉ  
WKHꢉWRSL(ꢈ  
0HVVDJHVꢉRQꢉWKHꢉWRSL(ꢉDOUHDG\ꢉ  
UHDGꢈ  
+LJKOLJKWHGꢉSKRQHꢉQXPEHUVꢉ(DQꢉEHꢏ  
GLDOOHG  
RU  
VWRUHGꢉLQꢉWKHꢉ3KRQHERRNꢈ  
g2SWLRQVg  
$GGLWLRQDOꢉEHHSꢊꢉVHHꢉ/Sꢈ ꢆꢌ0ꢊꢈ  
     
ꢄꢊ  
5HꢁRUGV  
&DOOVꢀGLDOOHG  
g0HQXg Î 5HꢂRUGV  
(
)DVWꢉD((HVVꢉLQꢉVWDQGE\ꢉPRGHꢈ  
(UDVHꢀUHꢁRUGV  
or  
&
5HꢁRUGVꢂ0HQX  
0LVVHGꢀꢁDOOV  
Q
Q
g2SWLRQVg  
(DV\ꢉD((HVVꢉWRꢉWKHꢉ(DOOꢉOLVWVꢉ  
IURPꢉWKHꢉVWDQGE\ꢉPRGHꢈ  
'(  
&DOOVꢀUHꢁHLYHG  
                 
ꢄꢋ  
7LPHꢃꢁKDUJH  
3HUVRQDOꢁUDWH  
Q
$ꢂꢂRXQWꢁOLPLW  
Q
'LVSOD\  
Î
Î
g0HQXg  
5HꢂRUGV  
7LPHꢉꢂKDUJH  
g(GLWg  
g2.ꢁ  
/DVWꢁꢂDOO  
$OOꢁꢂDOOV  
$OOꢁꢂDOOV  
/DVWꢁꢂDOO  
$OOꢁRXWJRLQJ  
$OOꢁLQꢂRPLQJꢁꢂDOOV  
$OOꢁꢂDOOV  
Q
Q
$OOꢁLQꢂRPLQJ  
g6HOHꢃWg  
g'HOHWHg  
g2.g  
$XWRꢁGLVSOD\  
&KDUJHꢀVHWWLQJV  
Î
Î
g0HQXgꢀ ꢀ5HꢂRUGVꢀ ꢀ&KDUJHꢁVHWWLQJV  
&RQYꢃ  
           
ꢅꢌ  
'LYHUW  
$OOꢀꢁDOOV  
E
g0HQXg Î 'LYHUW  
6HWꢁGLYHUWꢐ  
6SHꢁLILꢁꢀGLYHUW  
1RWꢁUHDꢂKDEOH  
8QDQVZHUHG  
Î
g0HQXg  
'LYHUW  
1RꢁUHSO\  
%XV\  
(
8QDQVZHUHG  
g6HOHꢃWg  
6HW  
or  
g0DLOER[g  
5HꢁHLYLQJꢀID[  
5HꢁHLYLQJꢀGDWD  
g2.g  
8QDQVZHUHG  
7KLVꢉVHWWLQJꢉ(RYHUVꢉWKHꢉPRVWꢉꢉLPSRUWDQWꢉ(RQꢇ  
GLWLRQVꢉ/VHHꢉDOVRꢉEHORZ0  
1RWꢁUHDꢂKDEOHꢈꢁ1RꢁUHSO\ꢈꢁ%XV\  
     
ꢅꢀ  
'LYHUW  
6WDWXVꢀꢁKHꢁN  
1RWHꢉWKDWꢉWKHꢉGLYHUWꢉLVꢉVWRUHGꢉLQꢉWKHꢉQHWZRUNꢉ  
DQGꢉQRWꢉLQꢉWKHꢉSKRQHꢉ/ZKHQꢉWKHꢉ6,0ꢉ(DUGꢉLVꢉ  
(KDQJHGꢉIRUꢉH[DPSOH0  
5HDꢂWLYDWHꢁGLYHUW  
7KHꢉODVWꢉGLYHUWꢉꢉKDVꢉEHHQꢉVWRUHGꢈ  
3UR(HHGꢉDVꢉZLWKꢉ³6HWꢉ'LYHUW´ꢏ  
7KHꢉVWRUHGꢉQXPEHUꢉLVꢉGLVSOD\HGꢈꢉ&RQILUPꢉ  
WKHꢉQXPEHUꢈ  
(GLWꢁSKRQHꢁQXPEHU  
3UR(HHGꢉDVꢉZLWKꢉ³6HWꢉ'LYHUW´ꢈꢉ:KHQꢉWKHꢉ  
VWRUHGꢉQXPEHUꢉLVꢉGLVSOD\HGꢏ  
g'HOHWHg 'HOHWHꢉWKHꢉSKRQHꢉQXPEHUꢈ  
(QWHUꢉQHZꢉQXPEHUꢉDQGꢉ(RQILUPꢈ  
&OHDUꢀDOO  
7Rꢉ(KH(NꢉRUꢉGHOHWHꢉDꢉ(HUWDLQꢉ(RQGLWLRQꢏ  
)LUVWꢉVHOH(WꢉWKHꢉ(RQGLWLRQꢈ  
g6HOHꢃWg  
3UHVVꢈ  
&KHꢂNꢁVWDWXV  
RU  
'HOHWH  
6HOH(Wꢈ  
ꢅꢍ  
*URXS  
&DOOꢀWRꢀJURXS  
2IILꢂHꢈꢁ)DPLO\ꢈꢁ/HLVXUHꢈꢁ9,3  
0HQXg Î *HWꢁLQꢁWRXꢂK Î *URXS  
Î
(
606ꢀWRꢀJURXS  
g6HOHꢃWg  
'(  
(
2IILꢂH  
/HLVXUH  
9,3  
g(GLWg  
7 $QQH  
6%DUEDUD  
6&DURO  
(GLW  
6HOHꢂW  
2.  
g6HOHꢃWg  
2.ꢁ  
$
g2.g  
         
ꢅꢄ  
*URXS  
0LꢂURSKRQHꢁ 6ZLW(KꢉWKHꢉPL(URSKRQHꢉRQꢉRUꢉ  
RIIꢈꢉ,IꢉLWꢉLVꢉVZLW(KHGꢉRIIꢊꢉWKHꢉ  
SHUVRQꢉRQꢉWKHꢉRWKHUꢉHQGꢉRIꢉ  
WKHꢉOLQHꢉ(DQQRWꢉKHDUꢉ\RXꢈ  
RQ  
$OWHUQDWLYHO\ꢏ  
+ROGꢉGRZQ  
+RZHYHUꢊꢉQXPEHUVꢉEHLQJꢉHQꢇ  
WHUHGꢉDUHꢉDXGLEOHꢉZKHQꢉ6HQGꢁ  
'70)ꢁWRQHVꢉLVꢉD(WLYHꢈ  
9ROXPH  
$GMXVWꢉKDQGVHWꢉYROXPHꢈ  
g2SWLRQVꢁ  
7LPHꢉꢂKDUJH :KLOHꢉWKHꢉ(RQQH(WLRQꢉ(RQWLQꢇ  
XHVꢉWKHꢉ(DOOꢉGXUDWLRQꢉDQGꢉ/LIꢉ  
VHWꢊꢉVHHꢉ/Sꢈ ꢄꢎ00ꢉWKHꢉ(DOOꢉWLPHꢂ  
(KDUJHVꢉDUHꢉGLVSOD\HGꢈ  
)ꢍ*  
2
`
6HQGꢁ'70) /Sꢈ ꢀꢅ0  
%DUEDUD  
6NLSꢐꢁ&DURO  
WRQHV  
&DOOꢁWUDQVIHU /Sꢈ ꢀꢄ0  
'LDO"  
2SWLRQV  
0DLQꢁPHQX 'LUH(WꢉD((HVVꢉWRꢉWKHꢉPDLQꢉ  
PHQXꢈ  
&DOOꢁVWDWXV /LVWꢉDOOꢉKHOGꢉDQGꢉD(WLYHꢉ(DOOVꢉ  
/HꢈJꢈꢉSDUWL(LSDQWVꢉLQꢉDꢉ  
(RQIHUHQ(H0  
&DOOꢀWRꢀJURXSꢂ0HQX  
g2SWLRQVꢁ  
'LDO  
'LDOꢉ(XUUHQWꢉHQWU\ꢈ  
5HMH(Wꢉ/Sꢈ ꢀꢃ0  
5HMHꢂW  
&RQIHUHQꢂH /LQNꢉDOOꢉ(DOOVꢉRQꢉKROGꢉLQꢉDꢉ(RQꢇ  
IHUHQ(Hꢉ/Sꢈ ꢀꢄ0  
6ZDS  
$((HSWꢉWKHꢉZDLWLQJꢉ(DOOꢉDQGꢉ  
SOD(HꢉWKHꢉ(XUUHQWꢉ(DOOꢉRQꢉKROGꢈ  
   
ꢅꢅ  
*URXS  
0HQXg Î *HWꢁLQꢁWRXꢂK Î *URXS  
&KDQJHꢀJURXSꢀDVVLJQPHQW  
*URXSꢀVHWXS  
(
g6HOHꢃWg  
(
g9LHZg  
*URXSꢀ0HQX  
g(GLWg  
g2SWLRQVꢁ  
(
9LHZꢁPHPꢎ 'LVSOD\ꢉDOOꢉHQWULHVꢉDVVLJQHGꢉ  
EHUV  
WRꢉWKHꢉVHOH(WHGꢉJURXSꢈ  
g(GLWg  
5HQDPH  
&KDQJHꢉWKHꢉ(XUUHQWꢉQDPHꢉRIꢉ  
WKHꢉJURXSꢈ  
6DYH  
g
g
5HPRYHꢁHQꢎ 5HPRYHꢉDOOꢉPHPEHUVꢉIURPꢉ  
WKHꢉVHOH(WHGꢉJURXSꢈꢉ7KHꢉHQꢇ  
WULHVꢉLQꢉWKHꢉ3KRQHERRNꢉDUHꢉ  
QRWꢉDIIH(WHGꢈ  
WULHV  
3KRQHERRNꢁNH\  
.ꢇ  
3UHVVꢉꢀꢉ[ꢉIRUꢉ2SHQꢉ3KRQHERRN  
3UHVVꢉꢃꢉ[ꢉIRUꢉ'LVSOD\ꢉJURXSV  
*URXSꢁV\Pꢎ $VVLJQꢉDꢉV\PEROꢉWRꢉDꢉJURXSꢉ  
/Sꢈ ꢃꢃ0  
ERO  
3UHVVꢉꢄꢉ[ꢉIRUꢉ'LVSOD\ꢉJURXSꢉHQWULHV  
 
ꢅꢆ  
2UJDQLVHU  
g0HQXg Î *HWꢁLQꢁWRXꢂK Î 2UJDQLVHU  
Î  
'DWHꢐ  
7LPHꢐꢁꢁ  
'LDU\ꢀ  
g6DYHg  
$SSRLQWPHQWꢀOLVWꢀ0HQX  
g2SWLRQVg  
1HZꢁHQWU\  
9LHZ  
'LVSOD\ꢉWKHꢉVHOH(WHGꢉHQWU\ꢈ  
ꢁꢀꢆꢃꢀꢌꢃꢍꢌꢌꢀꢁꢁꢀꢀꢐꢄꢌꢁ  
ꢁꢀꢇꢃꢀꢌꢃꢍꢌꢌꢀꢁꢁꢀꢍꢐꢌꢌ  
+
$ꢂWLYDWHꢉ'Hꢎ $(WLYDWHꢉRUꢉGHD(WLYDWHꢉDQꢉDSꢇ  
SRLQWPHQWꢈ  
DꢂWLYDWH  
(GLW  
'LVSOD\ꢉWKHꢉHQWU\ꢉIRUꢉ  
(KDQJHVꢈ  
9LHZ  
2SWLRQV  
1HZꢁHQWU\  
6HHꢉOHIWꢈ  
'HOHWHꢁHQWU\ 'HOHWHꢉWKHꢉVHOH(WHGꢉHQWU\ꢈ  
'HOHWHꢁDOO  
'HOHWHꢉDOOꢉDSSRLQWPHQWVꢉDIWHUꢉ  
(RQILUPDWLRQꢈ  
1HZꢀDSSRLQWPHQWꢀ  
6HQGꢁ606ꢃꢃꢃ DVꢁHQWU\  
6HQGꢉDSSRLQWPHQWꢉHQWU\  
ꢑ1HZꢁHQWU\!  
(
7\SHꢐ  
DVꢁWH[W  
6HQGꢉHQWU\ꢉDVꢉWH[WꢉRIꢉDQꢉ606ꢉ  
PHVVDJHꢈ  
0HPR $ꢉWH[WꢉZLWKꢉXSꢉWRꢉꢃꢁꢉOHWWHUVꢉPD\ꢉ  
EHꢉDGGHG  
&DSDꢂLW\  
'LVSOD\ꢉQXPEHUꢉRIꢉꢉDSSRLQWꢇ  
PHQWVꢉVHWꢈ  
M
r
&DOO (QWHUꢉSKRQHꢉQXPEHUꢈꢉ6KRZQꢉ  
ZLWKꢉDODUPꢈ  
'HD(WLYDWHꢉDOOꢉDODUPVꢉ/Sꢈ ꢆꢃ0ꢈꢉ5LQJHUꢁVHWꢎ  
WLQJꢉ/Sꢈ ꢆꢌ0ꢊꢉ&ORꢂN /Sꢈ ꢅꢎ0  
Jꢁ0HHWLQJ  
'LVSOD\ꢉZKHQꢉDODUPꢉLVꢉD(WLYHꢈ  
g3DXVHg  
'HVꢂULSWLRQꢐꢁ  
5HSHDWVꢉWKHꢉDODUPꢉDIWHUꢉꢆꢉ  
PLQXWHVꢈ  
5HRꢂꢂXUUHQꢂHꢐꢁ  
         
ꢅꢇ  
2UJDQLVHU  
g0HQXg Î *HWꢁLQꢁWRXꢂK Î 2UJDQLVHU  
Î
6HQGꢁ606ꢃꢃꢃ DVꢁHQWU\  
6HQGꢉELUWKGD\ꢉHQWU\ꢈ  
DVꢁWH[W  
6HQGꢉHQWU\ꢉDVꢉWH[WꢉRIꢉDQꢉ606ꢉ  
PHVVDJHꢈ  
%LUWKGD\V  
&DSDꢂLW\  
'LVSOD\ꢉQXPEHUꢉRIꢉHQWULHVꢉ  
PDGHꢈ  
1HZꢀHQWU\!  
5HPLQGHU  
1DPHꢐ 'DWHꢐ  
7LPHꢐ  
ꢑ1HZꢁHQWU\!  
ꢁꢍꢌꢃꢌꢊꢁ&DURO  
ꢁꢍꢀꢃꢌꢆꢁ'DQLHO  
9LHZ  
g2SWLRQVg  
2SWLRQV  
6HQG  
6HQGꢉDꢉELUWKGD\ꢉ606ꢉZLWKꢉ  
VWDQGDUGꢉ/(KDQJHDEOH0ꢉWH[Wꢈ  
ꢑ1HZꢁHQWU\!  
%LUWKGD\ꢁꢂDOO 'LDOꢉWKHꢉQXPEHUꢈ  
(QWULHVꢉLQꢉWKHꢉDSSRLQWPHQWVꢉOLVWꢉ/Sꢈ ꢅꢆ0ꢉZLWKꢉ  
WKHꢉDSSRLQWPHQWꢉꢉW\SHꢉ%LUWKGD\ꢉDUHꢉDOVRꢉ  
GLVSOD\HGꢉLQꢉWKHꢉELUWKGD\VꢉOLVWꢈ  
3DXVH  
5HSHDWꢉWKHꢉDODUPꢉDIWHUꢉꢆꢉ  
PLQXWHVꢈ  
2II  
6WRSꢉWKHꢉDODUPꢈ  
%LUWKGD\Vꢂ0HQX  
g2SWLRQVg  
9LHZ  
'LVSOD\ꢉVHOH(WHGꢉHQWU\ꢈ  
1HZꢁHQWU\ (QWHUꢉDꢉQHZꢉELUWKGD\ꢈ  
$ꢂWLYDWHꢉ  
'HDꢂWLYDWH  
$(WLYDWHꢂGHD(WLYDWHꢉDODUPꢈ  
'HOHWHꢉWKHꢉVHOH(WHGꢉHQWU\ꢈ  
'HOHWH  
'HOHWHꢁDOO  
'HOHWHꢉDOOꢉELUWKGD\VꢉDIWHUꢉ  
(RQILUPDWLRQꢈ  
(GLWꢁHQWU\  
'LVSOD\ꢉHQWU\ꢉIRUꢉ(KDQJHVꢈ  
   
ꢅꢏ  
2UJDQLVHU  
g0HQXg Î *HWꢁLQꢁWRXꢂK Î 2UJDQLVHU  
Î
'LVSOD\ꢀHQWU\  
ꢑ1HZꢁHQWU\!  
6KRSSLQJꢁOLVW  
1RWHV  
+ROLGD\ꢁDSSRLQWPHQW  
9LHZ  
2SWLRQV  
(
1HZꢀHQWU\  
g9LHZg  
ꢑ1HZꢁHQWU\!ꢁ  
g2SWLRQVg  
6DYH  
(GLWRUꢀ0HQX  
g2SWLRQVg  
6DYH  
6WRUHꢉWKHꢉHQWU\ꢈ  
7ꢋꢁLQSXW  
/Sꢈ ꢃꢌ0  
7ꢋꢁSUHIHUUHG  
$(WLYDWHꢉLQWHOOLJHQWꢉꢉWH[WꢉHQWU\ꢉ  
RUꢉGHD(WLYDWHꢉLWꢈ  
7ꢋꢁODQJXDJH  
6HOH(WꢉWKHꢉODQJXDJHꢉLQꢉZKL(Kꢉ  
WKHꢉPHVVDJHꢉLVꢉWRꢉEHꢉ(RPꢇ  
SRVHGꢈ  
/LQHꢁIHHG (QWHUꢉDꢉOLQHꢉEUHDNꢈ  
'HOHWHꢁWH[W 'HOHWHꢉWKHꢉPHPRꢈ  
6HQGꢁ606ꢃꢃꢃ DVꢁHQWU\  
6HQGꢉQRWHꢉHQWU\ꢈ  
DVꢁWH[W  
6HQGꢉHQWU\ꢉDVꢉWH[WꢉRIꢉDQꢉ606ꢉ  
PHVVDJHꢈ  
     
ꢅꢊ  
2UJDQLVHU  
g0HQXg Î *HWꢁLQꢁWRXꢂK Î 2UJDQLVHU  
Î
$ODUPꢀꢁORꢁNꢀ  
DꢁVLQJOHꢁ  
0HPRꢀOLVWꢀ0HQX  
g2SWLRQVg  
g2QꢁꢌꢁRIIg  
g(GLWg  
9LHZꢁHQWU\ 'LVSOD\ꢉWKHꢉHQWU\ꢈ  
(GLWꢁHQWU\ 'LVSOD\ꢉWKHꢉHQWU\ꢉIRUꢉ(KDQJHVꢈ  
1HZꢁHQWU\ (QWHUꢉDꢉQHZꢉPHPRꢈ  
'HOHWH  
'HOHWHꢉHQWU\ꢉIURPꢉPHPRꢉOLVWꢈ  
'HOHWHꢁDOO 'HOHWHꢉDOOꢉPHPRVꢉDIWHUꢉ  
(RQILUPDWLRQꢈ  
g7LPHg  
g'D\Vg  
&RQILGHQꢎ 3URWH(WꢉHQWU\ꢉZLWKꢉSKRQHꢉ(RGHꢉ  
/Sꢈ ꢍꢃ0  
6HQGꢁ606ꢃꢃꢃ DVꢁHQWU\  
6HQGꢉQRWHꢉHQWU\ꢈ  
WLDO  
g(GLWg  
0LVVHGꢀDODUPVꢀ  
DVꢁWH[W  
6HQGꢉHQWU\ꢉDVꢉWH[WꢉRIꢉDQꢉ606ꢉ  
PHVVDJHꢈ  
&DSDꢂLW\  
'LVSOD\ꢉWKHꢉ(DSD(LW\ꢉXVHGꢉDQGꢉ  
DYDLODEOHꢈ  
,QIRUPDWLRQꢉRQꢉ&RQILGHQWLDOꢏꢉ  
:HꢉUH(RPPHQGꢉ\RXꢉQRWꢉWRꢉVWRUHꢉDQ\ꢉSDVVꢇ  
ZRUGVꢉ/3,1ꢊꢉ7$1ꢉHW(ꢈ0ꢉKHUHꢈ  
       
ꢅꢋ  
&ORꢁN  
g0HQXg Î *HWꢁLQꢁWRXꢂK Î &ORꢂN  
$XWRꢀSKRQHꢀRII  
7LPHꢂGDWH  
$ꢂWLYDWHꢐ  
g&ORꢃNg  
g(GLWg  
g2.g  
'HDꢂWLYDWHꢐ  
g0DQXDOg  
g2.g  
7KLVꢉIXQ(WLRQꢉLVꢉLGHQWL(DOꢉWRꢉWLPHꢉGDWHꢁRQꢉ  
/Sꢈ ꢍꢆ0  
)RUPDWꢀGDWH  
,IꢉWKHꢉEDWWHU\ꢉLVꢉUHPRYHGꢉIRUꢉPRUHꢉWKDQꢉ  
DERXWꢉꢄꢁꢉVH(RQGVꢊꢉWKHꢉ(OR(NꢉPXVWꢉEHꢉUHVHWꢈ  
''ꢃ00ꢃ<<<< 00ꢉ''ꢉ<<<<  
$XWRꢀWLPH]RQH  
Q
$XWRꢀGLVSOD\  
                 
ꢆꢌ  
%DWWOH0DLOŒꢀ.XQJꢄ)X  
g0HQXg Î 6XUIꢁ\ꢁIXQ Î *DPHV  
.H\ꢀꢁRQWUROꢀꢀꢀꢀꢀꢀꢀ  
Î %DWWOH0DLO  
&
'(  
*DPHꢀPHQX  
3UDꢂWLꢂHꢁ0RGH  
%
1RWH  
'HIHQꢂHꢁ6HOHꢂWLRQ  
5HWXUQ  
6HOHꢂW  
KWWSꢐꢉꢉZZZꢃP\ꢎVLHPHQVꢃꢂRPꢉꢂꢅꢆ  
g6WDUWg  
+RZꢁWRꢁ3OD\  
         
                 
                 
                                                                             
                                                                              
ꢆꢀ  
*DPHV  
g0HQXg  
Î 6XUIꢁ\ꢁIXQ Î *DPHV  
                 
g0HQXg  
Î 6XUIꢁ\ꢁIXQ Î *DPHV  
                                                                              
Îꢁꢁ  
Î 6HWXS  
6HWXS  
*DPHꢀLQVWUXꢁWLRQV  
6RXQGV  
g2SWLRQVg  
,OOXPLQDWLRQ  
6LOHQWꢁDOHUW  
g6WDUWg  
.H\ꢀꢁRQWUROꢀꢀꢀꢀꢀꢀꢀ  
IXQ(WLRQꢉGHSHQGV  
RQꢉWKHꢉJDPH  
RU  
'(  
%&  
   
ꢆꢍ  
3URILOHV  
6HWXS  
RQHꢁ  
(
1RUPDOꢁHQYLꢃꢈꢁ4XLHWꢁHQYLURQꢃꢈꢁ  
1RLV\ꢁHQYLURQꢃꢈꢁ&DUꢁ.LWꢈꢁ+HDGVHW  
g2SWLRQVg  
&KDQJHꢁVHWWLQJV  
3URILOꢁꢀꢈꢁ3URILOꢁꢍꢁ  
1RꢁDODUP  
5LQJHUꢁVHWWLQJ  
9ROXPH  
0HORGLHV  
6LOHQWꢁDOHUW  
&DOOꢁVꢂUHHQLQJ  
)Sꢃ ꢆꢏ*  
)Sꢃ ꢆꢏ*  
)Sꢃ ꢆꢏ*  
)Sꢃ ꢆꢏ*  
)Sꢃ ꢆꢏ*  
,QIRUPDWLRQꢁWRQHV )Sꢃ ꢆꢏ*  
.H\ꢁWRQHV  
)Sꢃ ꢆꢏ*  
)Sꢃ ꢇꢌ*  
)Sꢃ ꢇꢌ*  
)Sꢃ ꢇꢌ*  
$ꢁWLYDWH  
g0HQXg Î 3URILOHV  
(
%LWPDSꢁVW\OH  
%LJꢁOHWWHUV  
,OOXPLQDWLRQ  
g$ꢃWLYDWHg  
n
m
n
1RUPDOꢁHQYLꢃ  
3URILOHVꢂ0HQX  
4XLHWꢁHQYLURQꢃ  
1RLV\ꢁHQYLURQꢃ  
g2SWLRQVg  
$ꢂWLYDWH  
$(WLYDWHꢉSURILOHꢈ  
$ꢂWLYDWH  
2SWLRQV  
&KDQJHꢁVHWꢎ &KDQJHꢉSURILOHꢉVHWWLQJVꢈ  
WLQJV  
mꢇ  
5HQDPH  
5HQDPHꢉSHUVRQDOꢉꢉSURILOHꢈ  
&RS\ꢁIURP &RS\ꢉVHWWLQJVꢉIURPꢉDQRWKHUꢉ  
SURILOHꢈ  
     
ꢆꢄ  
3URILOHV  
g0HQXg Î 3URILOHVꢁ  
Î
1RꢀDODUP  
QRWꢁSRVVLEOH  
&DUꢀ.LW  
QRWꢁ  
$ꢁWLYDWH  
+HDGVHW  
g0HQXg Î 3URILOHV  
"(  
ꢁ1RꢁDODUP  
g$ꢃWLYDWHg  
1RUPDOꢀRSHUDWLRQ  
1RUPDOꢁHQYLꢃꢁ  
         
ꢆꢅ  
0\ꢀ0HQX  
g0HQXg Î 0\ꢁ0HQX  
(GLW  
0\ꢁ0HQX  
(
g2SWLRQVg  
)RUꢉIDVWꢉD((HVVꢉIURPꢉVWDQGE\ꢉPRGHꢏ  
g(GLWg  
3UHVVꢉWKHQꢈꢈꢈ  
&
'
WZL(Hꢈ  
(
g6HWg  
$SSO\  
(
g6HOHꢃWg  
,IꢉWKHꢉVHOH(WHGꢉHQWU\ꢉLVꢉDꢉSKRQHꢉ  
QXPEHUꢊꢉ\RXꢉ(DQꢉDOVRꢉ(DOOꢉLWꢉ  
ZLWKꢉWKHꢉ&DOOꢉNH\ꢈ  
5HVHW  
   
)DVWꢀDꢁꢁHVVꢀNH\  
/HIWꢀVRIWꢀNH\  
OHIWꢁ  
(GLWꢀ  
;
$ꢉIXQ(WLRQꢉPD\ꢉDOUHDG\ꢉKDYHꢉEHHQꢉSURꢇ  
JUDPPHGꢉRQꢉWKHꢉOHIꢉVRIWꢉNH\ꢉE\ꢉ\RXUꢉVHUYL(Hꢉ  
SURYLGHUꢉ/HꢈJꢈꢉD((HVVꢉWRꢉ³ 6,0ꢉVHUYL(ꢇ  
HV´0ꢈꢉ,WꢉPD\ꢉQRWꢉEHꢉSRVVLEOHꢉWRꢉPRGLI\ꢉWKLVꢉ  
ꢁ)6HUYLꢂHꢁSURYLGHU*  
ꢌꢀꢃꢀꢌꢃꢍꢌꢌꢀ  
,QWHUQHW  
ꢍꢄꢐꢅꢆ  
ꢁꢁ0HQX  
NH\ꢉDVVLJQPHQWꢈ  
7KHꢉVRIWꢉNH\ꢉPD\ꢉVRPHWLPHVꢉEHꢉUHSOD(HGꢉ  
ZLWKꢉg?ꢉꢉWRꢉD((HVVꢉDꢉQHZꢉPHVVDJHꢈ  
g,QWHUQHWg  
g(GLWg  
EULHIO\  
1HZꢁ606  
3KRQHꢁQXPEHU  
g6HOHꢃWg  
$SSO\  
g&DUROg  
GRZQ  
       
ꢆꢇ  
)DVWꢀDꢁꢁHVVꢀNH\  
$SSO\  
6SHHGꢀGLDOOLQJꢀNH\V  
/Sꢈ ꢆꢆ0  
7KHꢉIROORZLQJꢉNH\ꢉLVꢉUHVHUYHGꢏ  
ꢈꢇ ꢉPDLOER[ꢉQXPEHUꢉ/Sꢈ ꢄꢆ0  
(GLW  
g606g  
RUꢁVLPSO\  
GRZQ  
GRZQ  
g6HWg  
RU  
g606g  
g(GLWg  
EULHIO\ꢁ  
´ꢁ606ꢁµ  
SKRQHꢁQXPꢎ  
EHU  
,QWHUQHW  
g6HOHꢃWg  
     
ꢆꢏ  
$XGLR  
6LOHQWꢀDOHUW  
g0HQXg Î $XGLR  
Î
5LQJHUꢀVHWWLQJ  
#
U
&DOOꢀVꢁUHHQLQJꢀ  
$
,QꢉVWDQGE\ꢉPRGHꢏꢉD(WLYDWHꢊꢉGHD(WLYDWHꢉDOVRꢉ  
ZLWKꢏ  
 +ROGꢉGRZQꢈ  
9ROXPH  
%
,QIRUPDWLRQꢀWRQHV  
(
$OOꢁꢂDOOV  
&DOOV  
*URXSꢁꢂDOOV  
$SSRLQWPHQWV  
0HVVDJHV  
g6HOHꢃWg  
(GLW  
&HOOꢁEURDGꢂDVWꢁVHUYLꢂHV  
.H\ꢀWRQHV  
'(  
g2.g  
&OLꢂN ꢁ7RQHꢁ 6LOHQW  
'LVSOD\VꢉULVLQJꢉYROXPHꢈ  
,IꢉWZRꢉVHSDUDWHꢉSKRQHꢉQXPEHUVꢉDUHꢉUHJLVꢇ  
WHUHGꢉIRUꢉ\RXUꢉSKRQHꢉ\RXꢉ(DQꢉVHWꢉGLIIHUHQWꢉ  
YROXPHVꢉIRUꢉWKHPꢉ/Sꢈ ꢍꢄ0  
                             
ꢆꢊ  
$XGLR  
g6HOHꢃWg  
g3OD\g  
ꢇꢀPLQXWHꢀEHHS  
5HꢁHLYHꢀDQGꢀVDYHꢀPHORGLHV  
0HORGLHV  
,QGLYLGXDOꢁꢀ  
(
$OOꢁꢂDOOV  
,QGLYLGXDOꢁꢀ  
&DOOV  
g2SWLRQVg  
*URXSꢁꢂDOOV  
$SSRLQWPHQWV  
0HVVDJHV  
&HOOꢁEURDGꢂDVWꢁVHUYLꢂHV  
0HOꢃꢁPDQDJHUꢁ/VHHꢉEHORZ0  
'(  
,QGLYLGXDOꢁꢀ  
g6DYHg  
(
0HORG\ꢀ0DQDJHUꢂ0HQX  
g2.g  
g2SWLRQVg  
&RPSRVHꢂORDGꢉLQGLYLGXDOꢉPHORGLHVꢉZLWKꢉ6RIWꢉ  
'DWDꢉ/LQNꢉꢆꢉIURPꢉ\RXUꢉ3&ꢉ/Sꢈ ꢌꢅ0  
3OD\  
3OD\ꢉWKHꢉ(XUUHQWꢉPHORG\ꢈ  
6DYH  
6WRUHꢉPHORG\ꢉRQꢉWKHꢉPHPRU\ꢉORꢇ  
(DWLRQꢉ/,QGLYLGXDOꢁꢀꢉWRꢉꢅ0  
0HORG\ꢀ0DQDJHUꢀ  
/RDG  
/RDGꢉPHORG\ꢉIURPꢉ,QGLYLGXDOꢁꢀꢁ  
WRꢉꢈꢉ  
'LVꢂDUG 'HOHWHꢉ(XUUHQWꢉꢉPHORG\ꢉIURPꢉWKHꢉ  
EXIIHUꢈ  
/RDGꢀDQGꢀSOD\ꢀPHORGLHV  
'HOHWH  
6HQG  
'HOHWHPHORG\IURPꢉ,QGLYLGXDO  
WRꢉ  
6HQGꢉPHORG\ꢉYLDꢉ606ꢈ  
g0HQXg Î $XGLR Î 0HORGLHV  
Î 0HORG\ꢁ0DQDJHU  
g/RDGg  
'(  
,QGLYLGXDOꢁꢀ  
         
ꢆꢋ  
6HWXS  
%LWPDSꢁYLHZHUꢁ  
'HYLꢁH  
Î
Î
g0HQXg  
6HWXS  
'HYLꢂH  
Î
/DQJXDJH  
%LWPDSꢁYLHZHU  
g/RDGg  
6ꢂUHHQVDYHU  
/RJR  
g6HOHꢃWg  
9:ꢇꢇꢇꢇ:ꢌ  
'LVSOD\  
6ꢂUHHQVDYHU  
g6DYHg  
6ꢂUHHQVDYHU /RJR  
%LWPDSꢁYLHZHUꢎ0HQX  
g2SWLRQVg  
6DYHꢁDVꢃꢃꢃ 6WRUHꢉWKHꢉ(XUUHQWꢉJUDSKL(ꢉRQꢉRQHꢉ  
RIꢉWKHꢉVWRUDJHꢉOR(DWLRQVꢈ  
g2.g  
/RDG  
/RDGꢉJUDSKL(ꢉWRꢉWKHꢉ%LWPDSꢉ  
YLHZHUꢈꢉ  
'LVꢂDUG 7KHꢉ(XUUHQWꢉꢉJUDSKL(ꢉLVꢉ  
GLV(DUGHGꢈ  
%LWPDSꢁYLHZHU  
'HOHWH  
'HOHWHꢉDꢉJUDSKL(ꢉIURPꢉ6ꢂUHHQꢎ  
VDYHUꢉRUꢉ/RJR  
6HQGꢁYLDꢁ 6HQGꢉJUDSKL(ꢉYLDꢉ606ꢈ  
606  
           
ꢇꢌ  
6HWXS  
g0HQXg Î 6HWXS Î 'HYLꢂH  
Î
.H\V  
$Q\ꢁNH\ꢁWRꢁDQVZHU  
,OOXPLQDWLRQ  
-
$XWRꢁNH\ꢁORꢂN  
%LJꢁOHWWHUV  
%LWPDSꢁVW\OH  
down  
2ZQꢁJUHHWLQJ  
g2.g  
g(GLWg  
.H\ꢁWRQHV  
&OLꢂN  ꢁ7RQH 6LOHQW  
g2.g  
&RQWUDVW  
                     
ꢇꢀ  
6HWXS  
g0HQXg Î 6HWXS Î 'HYLꢂH  
Î
6WDWXV  
)DꢂWRU\ꢁVHWWLQJV  
3KRQHꢁLGHQWLW\  
)DVWꢁVHDUꢂK  
7ꢃꢀLQSXW  
7ꢋꢁSUHIHUUHG  
7ꢋꢁODQJXDJH  
         
ꢇꢍ  
6HWXS  
2QO\ꢀꢃ  
6HꢁXULW\  
)3,1ꢍꢁSURWHꢂWHG*  
Î
Î
g0HQXg  
6HWXS  
6HꢂXULW\  
Î
/DVWꢀꢈꢇꢀRQO\  
)3KRQHꢂRGHꢁSURWHꢂWHG*  
&RGHV  
3,1ꢁꢂRQWUROꢈꢁ&KDQJHꢁ3,1ꢈꢁ&KDQJHꢁ3,1ꢍꢈꢁ  
&KDQJHꢁSKRQHꢂRGH  
%DE\VLWWHU  
)3KRQHꢂRGHꢁSURWHꢂWHG*  
RQHꢁ  
GRZQꢁ  
7KLVꢀ6,0ꢀRQO\  
)3KRQHꢂRGHꢁSURWHꢂWHG*  
$OORZꢀRQO\ꢀꢂ  
a different  
)3,1ꢍꢉ3KRQHꢂRGHꢁSURWHꢂWHG*  
             
ꢇꢄ  
6HWXS  
&RQILJXUDWLRQ  
1HWZRUN  
1HWZRUNꢁLQIR  
Î
Î
Î
g0HQXg  
6HWXS  
1HWZRUN  
Q
B
7ZRꢁLQGHSHQGHQWꢁ  
6HOHꢂW  
&KRRVHꢁQHWZRUN  
QRWꢁ  
GLIꢎ  
IHUHQWꢁ  
$XWRꢁQHWZRUN  
6SH(LDOꢉVHWWLQJVꢉ(DQꢉEHꢉPDGHꢉIRUꢉHD(Kꢉ  
SKRQHꢉQXPEHUꢉ/HꢈJꢈꢉPHORG\ꢊꢉ(DOOꢉGLYHUWꢉHW(0ꢈꢉ  
6ZLW(KꢉWRꢉWKHꢉUHTXLUHGꢉSKRQHꢉQXPEHUꢉILUVWꢈꢉ  
7RꢉVZLW(KꢉWKHꢉSKRQHꢉQXPEHUꢂOLQHꢉ/LQꢉVWDQGE\ꢉ  
&KRRVHꢁQHWZRUN  
PRGH0 3UHVVꢈꢉ  
g/LQHꢁꢅg 3UHVVꢈ  
1HWꢁRSHUDWRU  
/RꢂN  
)3KRQHꢂRGHꢁSURWHꢂWHG*  
%DQGꢁVHOHꢂWLRQ  
Q
                     
ꢇꢅ  
6HWXS  
g0HQXg Î 6HWXS Î 1HWZRUN  
Î
3UHIHUUHGꢁQHWZRUN  
g/LVWg  
1HZꢁHQWU\  
%DUULQJV  
ꢇꢆ  
6HWXS  
8VHUꢀJURXS  
Q
'XULQJꢀDꢀꢁDOOꢀ  
Î
Î
Î
g0HQXg  
6HWXS  
8VHUꢁJURXS  
g0HQXg  
6HWXS  
'XULQJꢁDꢁꢂDOO  
Î
Î
&DOOꢁZDLWLQJꢁꢁꢁ  
Q
+LGHꢁ,'ꢁ  
Q
8VHUꢁJURXSꢁ  
6HOHꢂWꢁJURXS  
&ORꢁN  
2XWJRꢃꢁDꢂꢂHVV  
3UHIHUUHGꢁJURXS  
             
ꢇꢇ  
6HWXS  
+HDGVHW  
$ꢁꢁHVVRULHV  
Î
Î
Î
g0HQXg  
6HWXS  
$ꢂꢂHVVRULHV  
&DUꢀ.LW  
8VHUꢎGHILQDEOHꢁVHWWLQJVꢐ  
$XWRꢁDQVZHU  
/ID(WRU\ꢉGHIDXOWꢏꢉRII0  
8VHUꢎGHILQDEOHꢁVHWWLQJVꢐ  
$XWRꢁDQVZHUꢁ  
/ID(WRU\ꢉGHIDXOWꢏꢉRQ0  
6ZLWꢂKLQJꢁEHWZHHQꢁSKRQHꢁ  
DQGꢁ+HDGVHW  
$
$XWRPDWLꢂꢁVHWWLQJꢐ  
#
$XWRꢁSKRQHꢁRII  
/ID(WRU\ꢉGHIDXOWꢏꢉꢃꢉKRXUV0  
$XWRPDWLꢂꢁDQVZHU  
,Iꢉ\RXꢉIDLOꢉWRꢉQRWL(HꢉDQꢉLQ(RPLQJꢉ(DOOꢉWKHUHꢉLVꢉ  
DꢉULVNꢉWKDWꢉLWꢉPD\ꢉEHꢉRYHUKHDUGꢉE\ꢉRWKHUVꢈ  
$XWRPDWLꢂꢁVHWWLQJVꢐ  
+RPH6WDWLRQ  
         
ꢇꢏ  
)D[ꢃGDWDꢀPRGHꢀXVLQJꢀDꢀ3&  
g0HQXg Î 6HWXS  
6SHHꢁKꢂID[  
Q
Î )D[ꢉGDWDꢁPRGꢃ  
6HQG  
Î
g0HQXg  
6HWXS  
Î )D[ꢉGDWDꢁPRGH  
Î
6HQGꢁYꢂHꢉID[  
EHIRUHꢁ  
g9RLꢃHꢌI[g  
6HQGꢁYꢂHꢉID[  
)D[ꢂGDWDꢀPRGꢅ  
Q
5HꢁHLYLQJ  
2QO\  
6HQG  
GXULQJꢁ  
Î
g0HQXg  
6HWXS  
5HꢁHLYLQJ  
Î )D[ꢉGDWDꢁPRGH  
Î
9RLꢂHꢉID[ꢁUHꢂ  
(QGꢀWUDQVPLVVLRQ  
-
       
ꢇꢊ  
'LVSOD\ꢀV\PEROVꢀ!VHOHꢁWLRQ"ꢀꢀꢀꢀ  
'LVSOD\ꢁLQGLꢂDWRUV  
6WUHQJWKꢉRIꢉLQ(RPLQJꢉVLJQDOꢈ  
+HDGVHWꢉPRGHꢈ  
0
1
t
u
#
$GGLWLRQDOꢉKDQGVHWꢉPRGHꢈ  
+RPH6WDWLRQꢉD(WLYHꢈ  
&KDUJLQJꢉ(RPSOHWHGꢈ  
%DWWHU\ꢉLQGL(DWRUꢈ  
&DUꢉ.LWꢉD(WLYHꢈ  
$OOꢉ(DOOVꢉDUHꢉGLYHUWHGꢈ  
E
&
$XWRꢉWDONꢉIHDWXUHꢉRQꢈ  
5LQJHUꢉRIIꢈ  
6KRUWꢉULQJHUꢉ/EHHS0ꢉRQO\ꢈ  
&DOHQGDUꢁLꢂRQV  
'
0HPRꢈ  
5LQJHUꢉRQO\ꢉLIꢉ(DOOHUꢉLVꢉVWRUHGꢉLQꢉWKHꢉ  
M
J
r
(
3KRQHERRNꢈ  
0HHWLQJꢈ  
&DOOꢈ  
$ODUPꢉLVꢉVHWꢈ  
.H\ꢉOR(NꢉD(WLYHꢈ  
@A@  
7UDQVPLVVLRQꢉXQHQ(U\SWHGꢈ  
3KRQHꢉQXPEHUVꢂQDPHVꢏ  
2QꢉWKHꢉ6,0ꢉ(DUGꢈ  
6RIWꢁNH\V  
0HVVDJHꢉUH(HLYHGꢈꢉ  
9RL(HꢉPDLOꢉUH(HLYHGꢈꢉ  
8QDQVZHUHGꢉ(DOOꢈꢉ  
,QꢉWKHꢉ3KRQHꢉPHPRU\ꢈ  
2QꢉWKHꢉ6,0ꢉ(DUGꢉ/3,1ꢃꢉSURWH(WHG0  
1RꢉQHWZRUNꢉD((HVVꢈ  
/
B
6
6,0ꢉPHPRU\ꢉIXOOꢈ  
6WRUHꢉLQꢉ3KRQHERRNꢈ  
5HWULHYHꢉIURPꢉ3KRQHERRNꢈ  
6,0ꢉVHUYL(HVꢈ  
/LQHꢉꢀꢉD(WLYHꢉ/RIꢉꢃꢉOLQHV0  
)XQ(WLRQꢉD(WLYHꢈ  
$
ꢇꢊ  
8QNQRZQꢉQHWZRUNꢉIXQ(WLRQꢈ  
"
3KRQHERRNꢈ  
4
DEꢂꢉ$Eꢂ ,QGL(DWHVꢉZKHWKHUꢉXSSHUꢉRUꢉORZHUꢇ  
(DVHꢉOHWWHUVꢉDUHꢉD(WLYHꢈ  
6ZLW(KꢉKHDGVHWꢈ  
7ꢎꢉZRUGꢉVHOH(WLRQꢈ  
7
7H[WꢉLQSXWꢉZLWKꢁ7ꢎꢈ  
:$3ꢉ2IIOLQHꢈ  
d
e
c
:$3ꢉ2QOLQHꢈ  
:$3ꢉ1RꢉQHWZRUNꢈ  
     
ꢇꢋ  
7URXEOHVKRRWLQJ  
,IꢉSUREOHPVꢉR((XUꢉZKHQꢉXVLQJꢉWKHꢉSKRQHꢊꢉWU\ꢉWRꢉILQGꢉDꢉVROXWLRQꢉKHUHꢉILUVWꢈꢉ,IꢉWKHꢉSUREOHPꢉSHUVLVWVꢊꢉ  
(KH(NꢉZLWKꢉ\RXUꢉVHUYL(HꢉSURYLGHUꢉRUꢉWKHꢉ6LHPHQVꢉ6HUYL(Hꢈ  
3UREOHP  
3RVVLEOHꢁꢂDXVHV  
3RVVLEOHꢁꢂRUUHꢂWLYHꢁPHDVXUHV  
Phone cannot On/Off key not pressed long  
be switched on. enough.  
/ꢀPress On/Off key for at least two seconds.  
Flat battery.  
Charge battery. Check charging indicator in the display.  
Clean contacts.  
Battery contacts dirty.  
See also below under: “charging  
error”  
Standby time Frequent use of the organiser and Restrict use if necessary.  
too short.  
games.  
Speed search active.  
Display illumination on.  
Deactivate speed search (p. 61).  
Switch off display illumination (p. 60).  
Unintentional keystroke (illumina- Activate key lock (p. 60).  
tion!).  
Charging fault Battery totally discharged.  
(chargeiconnot  
displayed).  
1) Plug in charger cable 2) Wait for approx. 5-10 min-  
utes until the charge icon is displayed 3) Charge for  
5 hours  
\
X
V
   
ꢏꢌ  
7URXEOHVKRRWLQJ  
3UREOHP  
3RVVLEOHꢁꢂDXVHV  
3RVVLEOHꢁꢂRUUHꢂWLYHꢁPHDVXUHV  
No connection to  
network.  
Signal weak.  
Move higher, to a window or open space.  
Outside GSM range.  
SIM card not valid.  
Check service provider coverage map.  
Reclaim at the service provider.  
New network not authorised. Try manual selection or select a different network  
(p. 63).  
Network barring is set.  
Network overloaded.  
Signal too weak.  
Check barrings (p. 63).  
Try again later.  
Phone loses  
network.  
Reconnection to another service provider is automatic  
(p. 63). Switching the phone on and off may speed  
this up.  
Calls not possible. 2nd line set.  
New SIM card inserted.  
Set line 1 (p. 63).  
Check for new restrictions.  
Reset limit with PIN 2 (p. 62).  
Load credit.  
Charge limit reached.  
Credit used up.  
Certain uses of the Call restrictions are set.  
phone not possible.  
Barrings may have been set by your service provider.  
Check barrings (p. 63).  
Entries cannot be Phonebook is full.  
made in Phonebook.  
Delete entries in Phonebook (p. 20).  
Voice mail does not Call divert to the mailbox not Set call divert to the mailbox (p. 35).  
work set.  
SMS (text message) SMS memory full.  
Delete messages (SMS) to make room (p. 24).  
lꢀflashes.  
Function cannot be Not supported by your serv- Contact your Service Provider.  
set.  
ice provider or registration  
required.  
Charge counter  
does not work.  
Charge pulse not transmitted. Contact your Service Provider.  
ꢏꢀ  
7URXEOHVKRRWLQJ  
3UREOHP  
3RVVLEOHꢁꢂDXVHV  
3RVVLEOHꢁꢂRUUHꢂWLYHꢁPHDVXUHV  
Message cannot be Service provider does not support this Check with your Service Provider.  
sent.  
service.  
Phone number of the service centre is Set service centre (p. 29).  
not set or is wrong.  
SIM card contract does not support this Contact your Service Provider.  
service.  
Service centre overloaded.  
Repeat message.  
Addressee does not have a compatible Check.  
phone.  
PIN error.  
Three wrong entries.  
Enter the MASTER PIN (PUK) provided with  
the SIM according to the instructions. If  
MASTER PIN or PIN are lost, contact your  
service provider.  
Phone code error.  
Service provider code No authorisation for this service.  
error.  
Three wrong entries.  
Contact Siemens Service (p. 72).  
Contact your Service Provider.  
Too few/too many  
menu entries.  
Functions may have been added or re- Check with your Service Provider.  
moved by the service provider via the  
SIM card.  
No fax possible.  
Incorrect settings in the PC.  
Check settings (p. 67).  
No authorisation for the service.  
Contact your Service Provider.  
'DPDJH  
Severe shock.  
Remove battery and SIM and insert them again. Do not dismantle the phone.  
Phone became wet. Remove battery and SIM card. Dry immediately with cloth, do not heat. Dry connec-  
tor contacts thoroughly. Stand unit upright in an air current. Do not dismantle the  
phone.  
5HVHWꢁDOOꢁVHWWLQJVꢁWRꢁWKHꢁIDꢂWRU\ꢁGHIDXOWꢐꢁ YꢁꢋꢁꢋꢁꢋꢁꢋꢁYꢃ  
9ꢀ  
)XUWKHUꢉLQIRUPDWLRQꢉ(DQꢉEHꢉIRXQGꢉRQꢉWKHꢉ,QWHUQHWꢉXQGHUꢏꢉ  
KWWSꢐꢉꢉZZZꢃP\ꢎVLHPHQVꢃꢂRPꢉꢂꢅꢆ  
ꢏꢍ  
6LHPHQVꢀ6HUYLꢁH  
ꢏꢉKWWSꢐꢉꢉZZZꢃP\ꢎVLHPHQVꢃꢂRP  
Lebanon*...........F.A. Kettaneh ............ 01 44 30 43  
Libya ..................Siemens ............... 02 13 35 02 31  
Lithuania............UAB Skaidula .............. 2 39 77 79  
Luxembourg.......Siemens ................... 43 84 33 99  
Malaysia............Siemens ............... 03 79 52 51 84  
Malta.................Siemens ..... 00 35 32 14 94 06 32  
Mauritius ...........Ireland Blyth ................ 2 11 62 13  
Morocco ............Setel S.A. .................. 22 66 92 32  
Netherlands*.....Siemens ............ 0 90 03 33 31 00  
Norway*............Siemens .................... 22 70 84 00  
Oman .................Siemens ........................ 79 10 12  
Pakistan.............Siemens ............... 02 15 66 22 00  
Philippines .........Siemens .................... 28 14 98 88  
Poland................Siemens ............... 08 00 22 09 90  
Portugal* ...........Siemens ................. 8 00 85 32 04  
Qatar..................Siemens .................... 04 32 20 10  
Russia................Siemens ............... 09 57 37 29 51  
Saudi Arabia......Siemens ................. 0 22 26 00 43  
Sharjah ..............Siemens ................. 0 65 33 66 42  
Singapore ..........Siemens ...................... 8 45 48 18  
Slovak Republic .Siemens ............... 07 59 68 22 66  
Slovenia.............Siemens ................. 0 14 74 63 36  
South Africa.......Siemens ............... 08 60 10 11 57  
Spain .................Siemens ................. 9 02 11 50 61  
Sweden* ...........Siemens ................. 0 87 50 99 11  
Switzerland........Siemens ................. 0 12 12 00 90  
Taiwan...............Siemens ............... 02 25 18 65 04  
Thailand.............Siemens ................. 0 27 15 51 00  
Tunisia ...............Siemens .................... 01 86 19 02  
Turkey................Simko ................ 0 21 65 71 89 89  
United Kingdom*Siemens............ 0 87 05 33 44 11  
USA ...................Siemens ............ 1 87 76 87 16 71  
Vietnam .............Opticom..................... 45 63 22 44  
Zimbabwe..........Siemens .................... 04 36 94 24  
Abu Dhabi......... Siemens Service  
Center..................... 0 26 42 38 00  
Australia............ Siemens................ 18 00 62 24 14  
Argentina .......... Siemens............. 0 80 08 88 98 78  
Austria* ............ Siemens................ 05 17 07 50 04  
Bahrain.............. Siemens.......................... 40 42 34  
Bangladesh....... Siemens.................. 0 17 52 74 47  
Belgium ............. Siemens.................. 0 78 15 22 21  
Brunei................ incomm ..................... 02 43 08 01  
Bulgaria............. Omnitel ...................... 02 73 94 88  
Cambodia.......... Siemens..................... 12 80 05 00  
Canada.............. Siemens............. 1 88 87 77 02 11  
China................. Siemens............. 0 21 50 31 81 49  
Croatia .............. Siemens.................. 0 16 10 53 81  
Czech Republic.. Siemens................ 02 33 03 27 27  
Denmark* ......... Siemens..................... 35 25 86 00  
Dubai*............... Siemens.................. 0 43 96 64 33  
Egypt................. Siemens.................. 0 23 33 41 11  
Estonia .............. Siemens....................... 6 30 47 35  
Finland*............. Siemens................ 09 22 94 37 00  
France* ............. Siemens................ 01 56 38 42 00  
Germany*, ** ... Siemens............. 0 18 05 33 32 26  
Greece............... Siemens.................. 0 16 86 43 89  
Hong Kong ........ Siemens..................... 22 58 36 36  
Hungary ............ Siemens................ 06 14 71 24 44  
Iceland .............. Smith & Norland.......... 5 11 30 00  
India .................. Siemens................ 01 16 92 39 88  
Indonesia .......... Dian Graha Elektr. 02 14 61 50 81  
Ireland*............. Siemens................ 18 50 77 72 77  
Italy ................... Siemens................ 02 66 76 44 00  
Ivory Coast........ Siemens..................... 80 00 03 33  
Jordan............... Siemens.................. 0 64 39 86 42  
Kuwait............... NGEECO....................... 2 45 41 78  
Latvia ................ Siemens....................... 7 50 11 14  
** 0,24 DM/Minute  
<RXꢉ(DQꢉEX\ꢉRULJLQDOꢉ6LHPHQVꢉD((HVVRULHVꢉDWꢉKWWSꢐꢉꢉZZZꢃP\ꢎVLHPHQVꢃꢂRPꢑꢉ  
LQꢉWKHꢉ(RXQWULHVꢉPDUNHGꢉZLWKꢉDQꢉDVWHULVNꢉ@ꢊꢉ\RXꢉ(DQꢉDOVRꢉ(DOOꢉWKHꢉSKRQHꢉQXPEHUꢉ  
VKRZQꢈꢉ  
   
ꢏꢄ  
6SHꢁLILꢁDWLRQVꢃPDLQWHQDQꢁH  
'HꢁODUDWLRQꢀRIꢀꢁRQIRUPLW\ 0DLQWHQDQꢁHꢀWLSV  
7HꢁKQLꢁDOꢀGDWD  
3KRQHꢁ,'  
*60ꢉ(ODVVꢏ  
)UHTXHQ(\ꢉUDQJHꢏ ꢋꢋꢁꢉꢇꢉꢎꢍꢁꢉ0+]  
*60ꢉ(ODVVꢏ ꢀꢉ/ꢀꢉ:DWW0  
)UHTXHQ(\ꢉUDQJHꢏ ꢀꢈꢌꢀꢁꢉꢇꢉꢀꢈꢋꢋꢁꢉ0+]  
ꢅꢉ/ꢃꢉ:DWW0  
<RXꢉZLOOꢉQHHGꢉWKHꢉIROORZLQJꢉGHWDLOVꢉLIꢉ\RXꢉ  
ORVHꢉ\RXUꢉSKRQHꢉRUꢉ6,0ꢉ(DUGꢈꢉ3OHDVHꢉHQWHUꢉ  
KHUHꢉWKHꢉQXPEHUꢉRIꢉWKHꢉ6,0ꢉ(DUGꢉ/RQꢉWKHꢉ  
(DUG0  
:HLJKWꢏ  
ꢀꢁꢆꢉJ  
ꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈ  
'LPHQVLRQVꢏ  
ꢀꢁꢎꢉ[ꢉꢅꢍꢉ[ꢉꢃꢄꢉPPꢉ  
/ꢋꢃꢉ((P0  
ꢀꢆꢇGLJLWꢉVHULDOꢉQXPEHUꢉRIꢉWKHꢉSKRQHꢉ  
/XQGHUꢉWKHꢉEDWWHU\0  
2SHUDWLQJꢉYROWDJHꢏ ꢄꢈꢍꢉ9ROW  
ꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈ  
2SHUDWLQJꢉ  
&XVWRPHUꢉ6HUYL(HꢉQXPEHU  
RIꢉWKHꢉVHUYL(HꢉSURYLGHUꢏ  
WHPSHUDWXUHꢏ  
6WDQGE\ꢉWLPHꢏ  
7DONꢉWLPHꢏ  
6,0ꢉ(DUGꢏ  
6$5ꢏ  
ꢇꢀꢁ ƒ&ꢉWRꢉꢆꢆ ƒ&  
ꢍꢁꢉKꢉꢇꢉꢃꢁꢁꢉK  
ꢀꢁꢁꢉPLQꢉꢇꢉꢄꢁꢁꢉPLQ  
ꢄꢈꢁꢉ9ROW  
ꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈꢈ  
/RVWꢁSKRQH  
ꢁꢈꢎꢄꢉ:ꢂNJ  
,Iꢉ\RXꢉORVHꢉ\RXUꢉSKRQHꢉDQGꢂRUꢉ6,0ꢉ(DUGꢊꢉ  
(RQWD(Wꢉ\RXUꢉVHUYL(HꢉSURYLGHUꢉLPPHGLDWHO\ꢉ  
WRꢉSUHYHQWꢉPLVXVHꢈ  
       
ꢏꢅ  
$ꢁꢁHVVRULHV  
7DON\&DUU\ꢁ3DꢂN  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢌꢁꢀꢇ$ꢀꢁꢃ  
%DVLꢁV  
1L0+ꢁ%DWWHU\ꢁ)ꢆꢆꢌP$K*  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢌꢁꢀꢇ$ꢀꢁꢁ  
&DUU\ꢉ6HWꢉDQGꢉKHDGVHWꢉIRUꢉRSWLPXPꢉIUHHGRPꢉ  
RIꢉPRYHPHQWꢈ  
/Lꢎ,RQꢁ%DWWHU\ꢁ)ꢊꢅꢌP$K*  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢌꢁꢀꢇ$ꢀꢀꢃ  
%DVLꢂꢁ&DUꢁ3DꢂN  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢁꢌ  
7KHꢉ/Lꢇ,RQꢉ%DWWHU\ꢉLQ(UHDVHVꢉWKHꢉVWDQGE\ꢉDQGꢉ $OORZVꢉKDQGVIUHHꢉWDONLQJꢉDQGꢉVLPXOWDQHRXVO\ꢉ  
WDONꢉWLPHꢉDQGꢉZHLJKVꢉVLJQLI(DQWO\ꢉOHVVꢈꢉ  
(KDUJHVꢉWKHꢉPRELOHꢉSKRQHꢉLQꢉWKHꢉ(DUꢈ  
7UDYHOꢁ&KDUJHU  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢁꢁꢀꢇ$ꢀꢁꢄꢉ/(XUR0  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢁꢁꢀꢇ$ꢀꢁꢅꢉ/8.0  
&/,3LWŒꢁ&RYHUV  
([(KDQJHDEOHꢉWRSꢉDQGꢉERWWRPꢉVKHOOꢈ  
 /LJKWꢉ6WHHO  
 +RWꢉ0DJPD  
 &RROꢉ6N\  
 )UHVKꢉ/HPRQ  
 'U\ꢉ6DYDQQD  
 6KLQLQJꢉ3HDUO  
 0HWDOOL(ꢉ*UDVV  
 7H(KQRꢉ2(HDQ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢌꢁꢀꢇ$ꢀꢁꢄ  
'HVNꢁ7RSꢁ&KDUJHU  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢁꢀ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢌꢁꢀꢇ$ꢀꢁꢅ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢌꢁꢀꢇ$ꢀꢁꢆ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢌꢁꢀꢇ$ꢀꢁꢍ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢌꢁꢀꢇ$ꢀꢁꢌ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢌꢁꢀꢇ$ꢀꢁꢋ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢌꢁꢀꢇ$ꢀꢁꢎ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢌꢁꢀꢇ$ꢀꢀꢁ  
(QDEOHVꢉVLPXOWDQHRXVꢉ(KDUJLQJꢉRIꢉWKHꢉSKRQHꢉ  
EDWWHU\ꢉDQGꢉDꢉVSDUHꢉEDWWHU\ꢈ  
+HDGVHWꢁ377  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢁꢁꢀꢇ$ꢀꢃꢄ  
5HWUDꢂWDEOHꢁ+HDGVHWꢁ377  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢁꢁꢀꢇ$ꢀꢍꢁ  
&DUU\LQJꢁ&DVHV  
 /HDWKHUꢉ+ROVWHUꢉ  
 %HOWꢉ&DVH  
 1HRSUHQHꢉ&DVH  
 *ULSꢉ&DVH  
 /RRSꢉ&DVH  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢁꢁꢀꢇ$ꢀꢆꢅ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢋꢁꢀꢇ$ꢀꢀꢍ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢁꢁꢀꢇ$ꢀꢆꢆ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢄꢃ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢄꢄ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢄꢀ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢁꢁꢀꢇ$ꢀꢅꢎ  
&DUꢁ&KDUJHU  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢁꢁꢀꢇ$ꢀꢁꢋ  
0RELOHꢁ+ROGHU  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢁꢃ  
0RELOHꢁ+ROGHUꢁ$QWHQQD  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢁꢄ  
 /HDWKHUꢉ&DVH  
 6KRXOGHUꢉ%DJꢉꢉ  
0RELOHꢉKROGHUꢉIRUꢉ(RQQH(WLQJꢉDQꢉRXWGRRUꢉDQꢇ  
WHQQDꢈꢉ,GHDOꢉLQꢉ(RPELQDWLRQꢉZLWKꢉWKHꢉ+HDGVHWꢉ  
377ꢉRUꢉWKHꢉ&DUꢉ.LWꢉ3RUWDEOHꢈ  
'DWDꢂ$SSOLꢁDWLRQV  
6RIWꢁ'DWDꢁ/LQNꢁꢆꢃꢌ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢀꢆ  
'DWDꢁ&DEOH  
&DUU\ꢁ6HW  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢌꢁꢀꢇ$ꢀꢁꢀ  
)HDWXUHVꢉDꢉEHOWꢉ(OLSꢉDQGꢉDꢉ(OLSꢉIRUꢉIDVWHQLQJꢉ  
WKHꢉSKRQHꢉWRꢉ(ORWKHVꢉRUꢉEDJVꢈ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢅꢋ  
         
ꢏꢆ  
$ꢁꢁHVVRULHV  
2SWLRQDOꢁ&DUꢁ.LWꢁDꢂꢂHVVRULHV  
 &DUꢉ+DQGVHW /ꢄꢍꢋꢋꢁꢇ1ꢄꢁꢀꢆꢇ$ꢀꢃꢄ  
 9'$ꢉ$GDSWHUꢉ&DEOH /ꢄꢍꢋꢋꢁꢇ1ꢅꢁꢁꢀꢇ$ꢀꢃꢀ  
&DUꢀ6ROXWLRQVꢀ  
&DUꢁ.LWꢁ3RUWDEOH  
/ꢄꢍꢋꢋꢁꢇ1ꢄꢁꢀꢆꢇ$ꢀꢀꢌ  
 'DWDꢉ&DEOHꢉ  
3URIHVVLRQDO  
/ꢄꢍꢋꢋꢁꢇ1ꢄꢀꢁꢀꢇ$ꢀꢀꢃ  
+DQGVꢇIUHHꢉNLWꢉZLWKꢉLQWHJUDWHGꢉORXGVSHDNHUꢉ  
DQGꢉPL(URSKRQHꢉDQGꢉDXWRꢉWDONꢉIHDWXUHꢈꢉ6LPꢇ  
SO\ꢉSOXJꢉLQWRꢉWKHꢉ(LJDUHWWHꢉOLJKWHUꢉVR(NHWꢈꢉ,GHDOꢉ  
IRUꢉPRELOLW\ꢉEHWZHHQꢉYHKL(OHVꢈꢉ  
,QQRYDWLRQV  
03ꢄꢎ3OD\HUꢁ86%  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢀꢅ  
&DUꢁ.LWꢁ&RPIRUW  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢁꢅ  
6WHUHRꢉKHDGVHWꢉIRUꢉKDQGVIUHHꢉWDONLQJꢉDQGꢉVXꢇ  
SHULRUꢉVRXQGꢉTXDOLW\ꢉZKHQꢉSOD\LQJꢉ03ꢄꢉDXGLRꢉ  
ILOHVꢈꢉ7KHꢉꢄꢃꢉ0%ꢉ0XOWLPHGLDꢉ&DUGꢉUH(RUGVꢉꢄꢁꢉ  
PLQXWHVꢉRIꢉPXVL(ꢉLQꢉSUHPLXPꢉTXDOLW\ꢈꢉ7KHꢉ  
SD(NDJHꢉLQ(OXGHVꢉWKHꢉVRIWZDUHꢉIRUꢉGRZQORDGꢇ  
LQJꢉDQGꢉWKHꢉ86%ꢉ(RQQH(WLQJꢉ(DEOHVꢈ  
+DQGVꢇIUHHꢉNLWꢉZLWKꢉILUVWꢇ(ODVVꢉGLJLWDOꢉ(DOOꢉTXDOꢇ  
LW\ꢉDQGꢉRSHUDWLQJꢉ(RQYHQLHQ(Hꢈꢉ,Q(OXGHVꢉDOOꢉ  
WKHꢉ(RPSRQHQWVꢉUHTXLUHGꢉIRUꢉLQVWDOODWLRQꢈꢉ7KHꢉ  
LQGLYLGXDOꢉDQWHQQDꢉVROXWLRQꢉ(DQꢉEHꢉREWDLQHGꢉ  
IURPꢉ\RXUꢉVSH(LDOLVWꢉGHDOHUꢈ  
&DUꢁ.LWꢁ*36HUYLꢂH3LORW  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢀꢍꢉ/*HUPDQ\ꢂ$XVWULD0  
+RPH6WDWLRQ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢀꢋꢉ/*HUPDQ\0  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢃꢁꢉ/,WDO\0  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢃꢃꢉ/6SDLQ0  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢃꢅꢉ/)UDQ(H0  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢃꢍꢉ/*UHDWꢉ%ULWDLQ0  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢃꢋꢉ/'HQPDUN0  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢄꢁꢉ/1RUZD\ꢂ)LQODQG0  
&DUꢁ.LWꢁ3URIHVVLRQDOꢁ9RLꢂHꢁ,,ꢁ  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢁꢋꢉ/*HUPDQ0  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢁꢎꢉ/(QJOLVK0  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢀꢁꢉ/)UHQ(K0  
+DQGVꢇIUHHꢉNLWꢉZLWKꢉYRL(HꢉUH(RJQLWLRQꢊꢉ(DSD(Lꢇ  
W\ꢉIRUꢉPRUHꢉWKDQꢉꢀꢁꢁꢉQDPHVꢈꢉ(OH(WURQL(VꢉER[ꢉ  
ZLWKꢉ(RQQH(WLRQꢉIRUꢉID[ꢉDQGꢉHꢇPDLOꢉWUDQVPLVꢇ  
VLRQꢉYLDꢉ\RXUꢉQRWHERRNꢈꢉ,Q(OXGHVꢉDOOꢉWKHꢉ(RPꢇ  
SRQHQWVꢉUHTXLUHGꢉIRUꢉLQVWDOODWLRQꢈꢉ7KHꢉLQGLYLGꢇ  
XDOꢉDQWHQQDꢉVROXWLRQꢉ(DQꢉEHꢉREWDLQHGꢉIURPꢉ  
\RXUꢉVSH(LDOLVWꢉGHDOHUꢈ  
&RQQH(WVꢉWKHꢉPRELOHꢉSKRQHꢉWRꢉWKHꢉIL[HGꢉQHWꢇ  
ZRUNꢊꢉHQDEOLQJꢉDXWRPDWL(ꢉWUDQVIHUꢉRIꢉ*60ꢉ  
(DOOVꢉWRꢉDꢉSKRQHꢈꢉ*60ꢉ(DOOVꢉDUHꢉGLYHUWHGꢉWRꢉ  
WKHꢉIL[HGꢉQHWZRUNꢉ3$%;ꢉZLWKRXWꢉDGGLWLRQDOꢉ  
(KDUJHVꢉDQGꢉ(DQꢉEHꢉKDQGOHGꢉIURPꢉWKHUHꢈ  
3URGX(WVꢉ(DQꢉEHꢉREWDLQHGꢉLQꢉVSH(LDOLVWꢉVKRSVꢈꢉ  
9LVLWꢉRXUꢉRQOLQHꢉVKRSꢉXQGHUꢏꢉ  
&DUꢁ.LWꢁ8SJUDGH  
/ꢄꢍꢋꢋꢁꢇ1ꢅꢆꢁꢀꢇ$ꢀꢁꢍ  
Original Siemens accessories  
&UDGOHꢉIRUꢉXSJUDGLQJꢉ\RXUꢉKDQGVꢇIUHHꢉNLWꢉIRUꢉ  
WKHꢉ&ꢃꢆꢂꢃꢋꢂꢄꢆꢊꢉ0ꢄꢆꢊꢉ6ꢃꢆꢂꢄꢆꢊꢉ6/ꢅꢆꢉPRGHOVꢈ  
KWWSꢐꢉꢉZZZꢃVLHPHQVꢃꢂRPꢉ  
PRELOHVWRUH  
         
ꢏꢇ  
6$5ꢀ!(XURSHDQꢀ8QLRQ"  
@
7KHꢉ6$5ꢉOLPLWꢉIRUꢉPRELOHꢉSKRQHVꢉXVHGꢉE\ꢉWKHꢉ  
SXEOL(ꢉLVꢉꢃꢈꢁꢉZDWWVꢂNLORJUDPꢉ/:ꢂNJ0ꢉDYHUDJHGꢉ  
RYHUꢉWHQꢉJUDPVꢉRIꢉWLVVXHꢈꢉ7KHꢉOLPLWꢉLQ(RUSRꢇ  
UDWHVꢉDꢉVXEVWDQWLDOꢉPDUJLQꢉRIꢉVDIHW\ꢉWRꢉJLYHꢉ  
DGGLWLRQDOꢉSURWH(WLRQꢉIRUꢉWKHꢉSXEOL(ꢉDQGꢉWRꢉD(ꢇ  
(RXQWꢉIRUꢉDQ\ꢉYDULDWLRQVꢉLQꢉPHDVXUHPHQWVꢈꢉ  
6$5ꢉYDOXHVꢉPD\ꢉYDU\ꢉGHSHQGLQJꢉRQꢉQDWLRQDOꢉ  
UHSRUWLQJꢉUHTXLUHPHQWVꢉDQGꢉWKHꢉQHWZRUNꢉ  
EDQGꢈꢉ)RUꢉ6$5ꢉLQIRUPDWLRQꢉLQꢉRWKHUꢉUHJLRQVꢉ  
SOHDVHꢉORRNꢉXQGHUꢉSURGX(WꢉLQIRUPDWLRQꢉDWꢉ  
KWWSꢐꢉꢉZZZꢃP\ꢎVLHPHQVꢃꢂRP  
ꢏꢏ  
6$5ꢀ!LQWHUQDWLRQDO"  
7KHꢉ6$5ꢉOLPLWꢉIRUꢉPRELOHꢉSKRQHVꢉXVHGꢉE\ꢉWKHꢉ  
SXEOL(ꢉLVꢉꢃꢈꢁꢉZDWWVꢂNLORJUDPꢉ/:ꢂNJ0ꢉDYHUDJHGꢉ  
RYHUꢉWHQꢉJUDPVꢉRIꢉERG\ꢉWLVVXHꢈꢉ7KHꢉJXLGHꢇ  
OLQHVꢉLQ(RUSRUDWHꢉDꢉVXEVWDQWLDOꢉPDUJLQꢉRIꢉ  
VDIHW\ꢉWRꢉJLYHꢉDGGLWLRQDOꢉSURWH(WLRQꢉIRUꢉWKHꢉ  
SXEOL(ꢉDQGꢉWRꢉD((RXQWꢉIRUꢉDQ\ꢉYDULDWLRQVꢉLQꢉ  
PHDVXUHPHQWVꢈꢉ6$5ꢉYDOXHVꢉPD\ꢉYDU\ꢉGHꢇ  
SHQGLQJꢉRQꢉQDWLRQDOꢉUHSRUWLQJꢉUHTXLUHPHQWVꢉ  
DQGꢉWKHꢉQHWZRUNꢉEDQGꢈꢉ)RUꢉ6$5ꢉLQIRUPDWLRQꢉ  
LQꢉRWKHUꢉUHJLRQVꢉSOHDVHꢉORRNꢉXQGHUꢉSURGX(Wꢉ  
LQIRUPDWLRQꢉDWꢉ  
KWWSꢐꢉꢉZZZꢃP\ꢎVLHPHQVꢃꢂRP  
ꢏꢊ  
,QGH[  
$
%
'
&
(
)
 
,QGH[  
*
1
+
2
3
,
.
/
0
ꢊꢌ  
,QGH[  
5
7
6
8
9
:

Seagate SEATOOLS ST3160212ACE User Manual
Seagate Momentus ST9320421AS User Manual
Samsung Spex SCH r210 User Manual
Saeco Coffee Makers Vienna DeLuxe VIENNADELUXE User Manual
Research In Motion Blackberry Cell Phone sqn100 3 User Manual
RCA CLOCK RADIO RP5620 User Manual
Pioneer UNIVERSAL MULTI CD SYSTEM CDX FM673 User Manual
Pioneer CD Player CDJ 900 User Manual
Nokia 6560 User Manual
Nokia 6300 User Manual