Xerox Document Centre ColorSeries 50 User Guide [pt]
&RSLDGRU ,PSUHVVRUDGLJLWDODFRUHV
;HUR[ 'RFXPHQW &HQWUH &RORU6HULHV
*XLD GR 8WLOL]DGRU
‹ ;HUR[ &RUSRUDWLRQ 7RGRV RV GLUHLWRV UHVHUYDGRV
$ SURWHFomR UHODWLYD D GLUHLWRV GH DXWRU DTXL UHLYLQGLFDGD LQFOXL WRGDV DV IRUPDV H DVVXQWRV GH PDWHULDO H LQIRUPDo}HV VXMHLWRV D GLUHLWRV GH DXWRU DFWXDOPHQWH SHUPLWLGRV SRU OHL HVWDWDO RX MXGLFLDO RX GDTXL HP GLDQWH FRQFHGLGRV LQFOXLQGR VHP OLPLWDomR PDWHULDO JHUDGR SHORV SURJUDPDV GH VRIWZDUH YLVXDOL]DGRV QR HFUm WDO FRPR HVWLORV PRGHORV tFRQHV HFUmV DVSHFWRV HWF
;HUR[Š 7KH 'RFXPHQW &RPSDQ\ R ; GLJLWDOL]DGR H WRGRV RV QRPHV H UHIHUrQFLDV GH SURGXWRV PHQFLRQDGRV QHVWD SXEOLFDomR VmR PDUFDV FRPHUFLDLV GD ;HUR[ &RUSRUDWLRQ ;HUR[ &DQDGD p XPD GHWHQWRUD GH WRGDV DV PDUFDV FRPHUFLDLV 2V QRPHV GRV SURGXWRV H DV PDUFDV GH RXWUDV HPSUHVDV SRGHUmR VHU PDUFDV FRPHUFLDLV RX PDUFDV UHJLVWDGDV GDV UHVSHFWLYDV HPSUHVDV H VmR DTXL UHFRQKHFLGDV FRPR WDO
$V FRUHV 3$1721(Š JHUDGDV SHOR 'RFXPHQW &HQWUH &RORU6HULHV
VmR VLPXODo}HV GH SURFHVVRV GH TXDWUR H RX WUrV FRUHV H SRGHUmR QmR FRUUHVSRQGHU DRV SDGU}HV GH FRUHV VyOLGDV LGHQWLILFDGDV SHOD 3$1721( 8WLOL]H RV DFWXDLV PDQXDLV GH UHIHUrQFLD GH FRUHV GD 3$1721( SDUD D REWHQomR GH FRUHV SUHFLVDV
$V VLPXODo}HV GH FRUHV 3$1721(Š Vy SRGHP VHU REWLGDV QHVWH SURGXWR TXDQGR DFFLRQDGDV SRU SDFRWHV GH VRIWZDUH TXDOLILFDGRV H OLFHQFLDGRV SHOD 3DQWRQH &RQWDFWH D 3DQWRQH ,QF SDUD REWHU XPD OLVWD DFWXDOL]DGD GRV SDFRWHV GH VRIWZDUH TXDOLILFDGRV H OLFHQFLDGRV
3$1721(Š H RXWUDV PDUFDV FRPHUFLDLV GD 3DQWRQH ,QF VmR GH SURSULHGDGH GD 3DQWRQH ,QF ‹3DQWRQH ,QF
6mR IHLWDV DOWHUDomR SHULyGLFDV D HVWH GRFXPHQWR $V DFWXDOL]Do}HV WpFQLFDV VHUmR LQFOXtGDV HP HGLo}HV IXWXUDV
,PSUHVVR QR 5HLQR 8QLGR
1RWDV VREUH VHJXUDQoD
2 FRSLDGRU LPSUHVVRUD ;HUR[ 'RFXPHQW &HQWUH &RORU6HULHV H RV UHVSHFWLYRV FRQVXPtYHLV UHFRPHQGDGRV IRUDP FRQFHELGRV H WHVWDGRV GH DFRUGR FRP DV PDLV ULJRURVDV QRUPDV GH VHJXUDQoD /HLD DWHQWDPHQWH DV QRWDV TXH VH VHJXHP SDUD DVVHJXUDU R IXQFLRQDPHQWR VHJXUR H FRQWtQXR GR VHX FRSLDGRU LPSUHVVRUD
6HJXUDQoD HOpFWULFD
‡8WLOL]H DSHQDV R FDER GH DOLPHQWDomR IRUQHFLGR FRP HVWH HTXLSDPHQWR
‡/LJXH R FDER GH DOLPHQWDomR GLUHFWDPHQWH QXPD WRPDGD HOpFWULFD FRP D GHYLGD OLJDomR WHUUD 1mR XWLOL]H XPD H[WHQVmR 6H QmR WLYHU D FHUWH]D VH D WRPDGD SRVVXL OLJDomR WHUUD FRQVXOWH XP HOHFWULFLVWD TXDOLILFDGR
‡1XQFD XWLOL]H XP DGDSWDGRU FRP OLJDomR WHUUD SDUD OLJDU HVWH HTXLSDPHQWR D XPD WRPDGD HOpFWULFD TXH QmR WHQKD XP WHUPLQDO GH OLJDomR WHUUD
$9,62 3RGHUi DSDQKDU XP IRUWH FKRTXH HOpF WULFR VH D WRPDGD QmR SRVVXLU D GHYLGD OLJDomR WHUUD
‡
‡
1mR FRORTXH R FRSLDGRU LPSUHVVRUD QXP ORFDO RQGH DV SHVVRDV SRVVDP SLVDU RX WURSHoDU QR FDER GH DOLPHQWDomR 1mR FRORTXH TXDLVTXHU REMHFWRV HP FLPD GR FDER GH DOLPHQWDomR
1mR GHVWUXD QHP GHVDFWLYH RV GLVSRVLWLYRV GH EORTXHLR HOpFWULFRV RX PHFkQLFRV
‡1mR REVWUXD DV DEHUWXUDV GH YHQWLODomR (VWDV
GHVWLQDP VH D HYLWDU R VREUHDTXHFLPHQWR GR HTXLSDPHQWR
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
,,, |
127$6 62%5( 6(*85$1d$ |
$9,62 1XQFD LQWURGX]D REMHFWRV GH TXDOTXHU
WLSR QDV UDQKXUDV RX DEHUWXUDV GHVWH HTXLSD
PHQWR 2 FRQWDFWR FRP SRQWRV GH WHQVmR RX R
FXUWR FLUFXLWR HP SHoDV SRGHUi UHVXOWDU HP LQFrQ
GLR RX FKRTXH HOpFWULFR
‡1R FDVR GH VH YHULILFDU XPD GDV FRQGLo}HV VHJXLQWHV GHVOLJXH LPHGLDWDPHQWH R HTXLSDPHQWR H UHWLUH D ILFKD GD WRPDGD &RQWDFWH XP UHSUHVHQWDQWH GH DVVLVWrQFLD ;HUR[ DXWRUL]DGR SDUD FRUULJLU R SUREOHPD
±2 HTXLSDPHQWR HPLWH UXtGRV RX RGRUHV LQYXOJDUHV
±2 FDER GH DOLPHQWDomR HVWi GDQLILFDGR RX JDVWR
±'LVSDURX XP GLVMXQWRU IXVtYHO RX TXDOTXHU RXWUR GLSRVLWLYR GH VHJXUDQoD QR TXDGUR HOpFWULFR
±)RL GHUUDPDGR OtTXLGR VREUH R FRSLDGRU LPSUHVVRUD
±2 HTXLSDPHQWR IRL H[SRVWR D iJXD
±4XDOTXHU SHoD GR HTXLSDPHQWR HVWi GDQLILFDGD
'LVSRVLWLYR GH GHVDFWLYDomR
2 FDER GH DOLPHQWDomR p R GLVSRVLWLYR TXH GHVOLJD HVWH HTXLSDPHQWR 6LWXD VH QD SDUWH GH WUiV GR HTXLSDPHQWR H IXQFLRQD FRPR XP GLVSRVLWLYR GH HQFDL[H SOXJ LQ 3DUD FRUWDU D FRUUHQWH HOpFWULFD SDUD R HTXLSDPHQWR GHVOLJXH R FDER GD DOLPHQWDomR QD WRPDGD
127$6 62%5( 6(*85$1d$ |
,9 |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
6HJXUDQoD GR ODVHU
&8,'$'2 $R UHDOL]DU DFo}HV UHJXODo}HV RX SURFHGLPHQWRV GLIHUHQWHV GRV DTXL HVSHFLILFDGRV SRGH UHVXOWDU HP H[SRVLomR SHULJRVD D UDGLDomR ODVHU
(VWH HTXLSDPHQWR HVWi HP FRQIRUPLGDGH FRP QRUPDV GH VHJXUDQoD LQWHUQDFLRQDLV &RP UHIHUrQFLD HVSHFtILFD j VHJXUDQoD GR ODVHU R
HTXLSDPHQWR FXPSUH DV QRUPDV GH GHVHPSHQKR UHODWLYDV D SURGXWRV ODVHU HVWLSXODGDV SHODV
HQWLGDGHV JRYHUQDPHQWDLV QDFLRQDLV H LQWHUQDFLRQDLV FRPR SURGXWR ODVHU &ODVVH 1mR HPLWH XPD OX] SUHMXGLFLDO SRLV R IHL[H GH OX] HQFRQWUD VH FRPSOHWDPHQWH FLUFXQVFULWR GXUDQWH WRGDV DV IDVHV GH XWLOL]DomR H PDQXWHQomR SRU
SDUWH GR FOLHQWH
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
9 |
127$6 62%5( 6(*85$1d$ |
6HJXUDQoD GH PDQXWHQomR
‡1mR WHQWH HIHFWXDU TXDOTXHU DFomR GH PDQXWHQomR TXH QmR HVWHMD HVSHFLILFDPHQWH GHVFULWR QD GRFXPHQWDomR IRUQHFLGD FRP R VHX FRSLDGRU LPSUHVVRUD
‡1mR XWLOL]H SURGXWRV GH OLPSH]D HP DHURVRO 2 XVR GH FRQVXPtYHLV GLIHUHQWHV GRV DSURYDGRV SRGHUi UHVXOWDU QR GHVHPSHQKR GHILFLHQWH GR FRSLDGRU LPSUHVVRUD H FULDU VLWXDo}HV GH SHULJR
‡8WLOL]H RV FRQVXPtYHLV H PDWHULDLV GH OLPSH]D XQLFDPHQWH GH DFRUGR FRP R LQGLFDGR QHVWH PDQXDO 0DQWHQKD WRGRV HVWHV PDWHULDLV IRUD GR DOFDQFH GH FULDQoDV
‡1mR UHWLUH WDPSDV RX SURWHFo}HV IL[DV FRP SDUDIXVRV 1mR H[LVWHP SHoDV SRU WUiV GHVWDV WDPSDV TXH UHTXHLUDP XPD PDQXWHQomR HIHFWXDGD SRU VL
1mR HIHFWXH TXDLVTXHU DFo}HV GH PDQXWHQomR D PHQRV TXH WHQKD UHFHELGR IRUPDomR SRU XP UHSUHVHQWDQWH ;HUR[ SDUD WDO RX D PHQRV TXH XP SURFHGLPHQWR HVWHMD HVSHFLILFDPHQWH GHVFULWR QXP GRV PDQXDLV GR FRSLDGRU LPSUHVVRUD
127$6 62%5( 6(*85$1d$ |
9, |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
6HJXUDQoD RSHUDFLRQDO
2 VHX HTXLSDPHQWR H FRQVXPtYHLV ;HUR[ IRUDP FRQFHELGRV H WHVWDGRV GH DFRUGR FRP DV PDLV ULJRURVDV QRUPDV GH VHJXUDQoD (VWDV LQFOXHP D YHULILFDomR H D DSURYDomR SHOD HQWLGDGH GH VHJXUDQoD H D FRQIRUPLGDGH FRP SDGU}HV DPELHQWDLV HVWDEHOHFLGRV
7HQKD HP DWHQomR DV VHJXLQWHV GLUHFWUL]HV UHODWLYDV j VHJXUDQoD SDUD DVVHJXUDU R IXQFLRQDPHQWR VHJXUR H FRQWtQXR GR VHX FRSLDGRU LPSUHVVRUD
‡8WLOL]H PDWHULDLV H FRQVXPtYHLV HVSHFLILFDPHQWH FRQFHELGRV SDUD R VHX FRSLDGRU LPSUHVVRUD $ XWLOL]DomR GH PDWHULDV LQDGHTXDGRV SRGHUi UHVXOWDU QR GHVHPSHQKR GHILFLHQWH GR HTXLSDPHQWR H SRVVLYHOPHQWH HP VLWXDo}HV SHULJRVDV
‡6LJD WRGDV DV DGYHUWrQFLDV H LQVWUXo}HV LQFOXtGDV QR HTXLSDPHQWR RX TXH WHQKDP VLGR IRUQHFLGDV FRP R PHVPR
‡&RORTXH R HTXLSDPHQWR QXPD GLYLVmR TXH WHQKD HVSDoR QHFHVViULR SDUD YHQWLODomR H PDQXWHQomR
‡&RORTXH R HTXLSDPHQWR VREUH XPD VXSHUItFLH QLYHODGD H VyOLGD QmR VREUH XPD DOFDWLID HVSHVVD VXILFLHQWHPHQWH UHVLVWHQWH SDUD FRPSRUWDU R SHVR GR HTXLSDPHQWR
‡1mR WHQWH GHVORFDU R HTXLSDPHQWR 8P GLVSRVLWLYR GH QLYHODPHQWR TXH IRL EDL[DGR TXDQGR R HTXLSDPHQWR IRL LQVWDODGR SRGHUi GDQLILFDU D DOFDWLID RX R SLVR
‡1mR SRVLFLRQH R HTXLSDPHQWR SUy[LPR GH XPD IRQWH GH FDORU
‡1mR SRVLFLRQH R HTXLSDPHQWR VRE OX] GLUHFWD GR VRO
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
9,, |
127$6 62%5( 6(*85$1d$ |
‡1mR SRVLFLRQH R HTXLSDPHQWR HP OLQKD FRP XPD FRUUHQWH GH DU IULR SURYHQLHQWH GH XP VLVWHPD GH DU FRQGLFLRQDGR
‡
‡
1mR FRORTXH UHFLSLHQWHV GH FDIp RX GH RXWURV OtTXLGRV HP FLPD GR HTXLSDPHQWR
1mR REVWUXD RX FXEUD DV UDQKXUDV H DV DEHUWXUDV GR HTXLSDPHQWR 6HP D GHYLGD YHQWLODomR R HTXLSDPHQWR SRGHUi HQWUDU HP VREUHDTXHFLPHQWR
‡1mR WHQWH GHVWUXLU RV GLVSRVLWLYRV GH EORTXHLR HOpFWULFRV RX PHFkQLFRV
$9,62 7HQKD FXLGDGR TXDQGR HVWLYHU D WUDEDOKDU HP iUHDV LGHQWLILFDGDV FRP HVWH VtP EROR GH DYLVR (VWDV iUHDV SRGHUmR HVWDU PXLWR TXHQWHV H SURYRFDU IHULPHQWRV SHVVRDLV
6H QHFHVVLWDU GH LQIRUPDo}HV DGLFLRQDLV VREUH VHJXUDQoD UHODWLYDV DR HTXLSDPHQWR RX D PDWHULDLV FRQWDFWH R VHX UHSUHVHQWDQWH ;HUR[
6HJXUDQoD GR R]RQR
(VWH SURGXWR SURGX] R]RQR GXUDQWH R IXQFLRQDPHQWR QRUPDO 2 R]RQR p PDLV SHVDGR GR TXH R DU H D TXDQWLGDGH GH R]RQR SURGX]LGD GHSHQGH GR YROXPH GH FySLDV 'HVGH TXH VHMDP FXPSULGRV RV SDUkPHWURV DPELHQWDLV FRUUHFWRV WDO FRPR HVSHFLILFDGRV QRV SURFHGLPHQWRV GH LQVWDODomR ;HUR[ RV QtYHLV GH FRQFHQWUDomR HVWDUmR HP FRQIRUPLGDGH FRP RV OLPLWHV GH VHJXUDQoD
6H QHFHVVLWDU GH LQIRUPDo}HV DGLFLRQDLV UHODWLYDV DR R]RQR VROLFLWH D SXEOLFDomR GD ;HUR[ 2=21(
3
127$6 62%5( 6(*85$1d$ |
9,,, |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
$YLVRV
(PLVV}HV GH IUHTXrQFLDV GH UiGLR
)&&
(VWH HTXLSDPHQWR IRL WHVWDGR H HQFRQWUD VH HP
FRQIRUPLGDGH FRP RV OLPLWHV SDUD XP GLVSRVLWLYR GLJLWDO GH
&ODVVH % DR DEULJR GDV QRUPDV )&& 3DUWH (VWHV
OLPLWHV GHVWLQDP VH D RIHUHFHU XPD SURWHFomR UD]RiYHO
FRQWUD LQWHUIHUrQFLDV SUHMXGLFLDLV QXPD LQVWDODomR
UHVLGHQFLDO (VWH HTXLSDPHQWR JHUD XWLOL]D H SRGH LUUDGLDU
HQHUJLD GH IUHTXrQFLD GH UiGLR H FDVR QmR VHMD LQVWDODGR
H XWLOL]DGR GH DFRUGR FRP DV LQVWUXo}HV SRGHUi SURYRFDU
LQWHUIHUrQFLDV SUHMXGLFLDLV HP HPLVV}HV GH UiGLR &RQWXGR
QmR H[LVWH TXDOTXHU JDUDQWLD TXH D LQWHUIHUrQFLD QmR VH
YHULILTXH QXPD LQVWDODomR HVSHFtILFD 6H HVWH
HTXLSDPHQWR SURYRFDU LQWHUIHUrQFLDV SUHMXGLFLDLV QD
UHFHSomR GH UiGLR RX GH WHOHYLVmR DV TXDLV SRGHUmR VHU
GHWHUPLQDGDV GHVOLJDQGR H OLJDQGR R HTXLSDPHQWR R
XWLOL]DGRU p LQFHQWLYDGR D WHQWDU FRUULJLU D LQWHUIHUrQFLD
VHUYLQGR VH GH XPD RX PDLV GDV VHJXLQWHV PHGLGDV
‡ 5H RULHQWH RX UHSRVLFLRQH D DQWHQD GH
UHFHSomR |
|
‡ $XPHQWH R HVSDoR HQWUH R HTXLSDPHQWR H R |
|
GLVSRVLWLYR UHFHSWRU |
|
‡ /LJXH R HTXLSDPHQWR D XPD WRPDGD GH |
|
FLUFXLWR GLIHUHQWH GDTXHOD D TXH R GLVSRVLWLYR |
|
UHFHSWRU HVWi OLJDGR |
|
‡ 3HoD DMXGD D XP UHYHQGHGRU RX XP WpFQLFR |
|
HVSHFLDOL]DGR GH UiGLR 79 |
|
$V DOWHUDo}HV RX PRGLILFDo}HV D HVWH HTXLSDPHQWR QmR |
|
HVSHFLILFDPHQWH DSURYDGDV SHOD ;HUR[ &RUSRUDWLRQ |
|
SRGHUmR LQYDOLGDU D DXWRUL]DomR IRUQHFLGD SHOD )&& SDUD |
|
D XWLOL]DomR GHVWH HTXLSDPHQWR |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
,; |
$9,626 |
|
'HYHUmR VHU XWLOL]DGRV FDERV EOLQGDGRV FRP HVWH |
|
HTXLSDPHQWR SDUD PDQWHU D FRQIRUPLGDGH FRP DV QRUPDV |
)&& |
|
|
)&& |
2 VHJXLQWH DSOLFD VH DR SURGXWR TXDQGR HTXLSDGR FRP DV RSo}HV GH FRQHFWLYLGDGH 7RNHQ 5LQJ RX %DQ\DQ 9LQHV
(VWH HTXLSDPHQWR IRL WHVWDGR H HQFRQWUD VH HP FRQIRUPLGDGH FRP RV OLPLWHV SDUD XP GLVSRVLWLYR GLJLWDO GH &ODVVH % DR DEULJR GDV QRUPDV )&& 3DUWH (VWHV OLPLWHV GHVWLQDP VH D RIHUHFHU XPD SURWHFomR UD]RiYHO TXDQGR R HTXLSDPHQWR p XWLOL]DGR QXP DPELHQWH FRPHUFLDO (VWH HTXLSDPHQWR JHUD XWLOL]D H SRGH LUUDGLDU HQHUJLD GH IUHTXrQFLD GH UiGLR H FDVR QmR VHMD LQVWDODGR H XWLOL]DGR GH DFRUGR FRP DV LQVWUXo}HV SRGHUi SURYRFDU LQWHUIHUrQFLDV SUHMXGLFLDLV HP HPLVV}HV GH UiGLR $ XWLOL]DomR GHVWH HTXLSDPHQWR QXPD iUHD UHVLGHQFLDO SRGHUi SURYRFDU LQWHUIHUrQFLDV SUHMXGLFLDLV HP FXMR FDVR R XWLOL]DGRU GHYHUi FRUULJLU D LQWHUIHUrQFLD SRU VXD SUySULD FRQWD
$V DOWHUDo}HV RX PRGLILFDo}HV D HVWH HTXLSDPHQWR QmR HVSHFLILFDPHQWH DSURYDGDV SHOD ;HUR[ &RUSRUDWLRQ SRGHUmR LQYDOLGDU D DXWRUL]DomR IRUQHFLGD DR XWLOL]DGRU SDUD D XWLOL]DomR GHVWH HTXLSDPHQWR
'HYHUmR VHU XWLOL]DGRV FDERV EOLQGDGRV FRP HVWH HTXLSDPHQWR SDUD PDQWHU D FRQIRUPLGDGH FRP DV QRUPDV )&&
$9,626 |
; |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
$SURYDomR GH WHQVmR H[WUD UHGX]LGD GH VHJXUDQoD
2 FRSLDGRU LPSUHVVRUD ;HUR[ 'RFXPHQW &HQWUH &RORU6HULHV HVWi HP FRQIRUPLGDGH FRP YiULDV HQWLGDGHV JRYHUQDPHQWDLV H QRUPDV GH VHJXUDQoD QDFLRQDLV 7RGDV DV SRUWDV GR VLVWHPD FXPSUHP RV FLUFXLWRV GH 6(/9 WHQVmR H[WUD UHGX]LGD GH VHJXUDQoD SDUD D OLJDomR D UHGHV H GLVSRVLWLYRV GH SURSULHGDGH GR FOLHQWH 2V DFHVVyULRV VXSOHPHQWDUHV GH SURSULHGDGH GR FOLHQWH RX GH WHUFHLURV OLJDGRV DR FRSLDGRU LPSUHVVRUD GHYHUmR FXPSULU RV UHTXLVLWRV DEDL[R PHQFLRQDGRV 7RGRV RV PyGXORV TXH UHTXHLUDP XPD OLJDomR H[WHUQD GHYHUmR VHU LQVWDODGRV GH DFRUGR FRP RV SURFHGLPHQWRV GH LQVWDODomR GR 'RFXPHQW &HQWUH &RORU6HULHV
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
;, |
$9,626 |
&HUWLILFDo}HV QD (XURSD
$ PDUFD &( DSOLFDGD D HVWH SURGXWR VLPEROL]D D
'HFODUDomR GH &RQIRUPLGDGH GD ;HUR[ (XURSH FRP DV VHJXLQWHV 'LUHFWLYDV DSOLFiYHLV GD 8QLmR (XURSHLD D SDUWLU GDV GDWDV LQGLFDGDV
GH -DQHLUR GH 'LUHFWLYD GH &RQFHOKR
&(( HPHQGDGD SHOD 'LUHFWLYD GH &RQFHOKR &(( DSUR[LPDomR GDV OHLV GRV HVWDGRV PHPEURV UHODFLRQDGDV FRP HTXLSDPHQWR GH EDL[D YROWDJHP
GH -DQHLUR GH 'LUHFWLYD GH &RQFHOKR
&(( DSUR[LPDomR GDV OHLV GRV HVWDGRV PHPEURV UHODFLRQDGDV FRP FRPSDWLELOLGDGH HOHFWURPDJQpWLFD
$V DOWHUDo}HV RX PRGLILFDo}HV D HVWH HTXLSDPHQWR QmR HVSHFLILFDPHQWH DSURYDGDV SHOD ;HUR[ (XURSH SRGHUmR LQYDOLGDU D DXWRUL]DomR IRUQHFLGD DR XWLOL]DGRU SDUD D XWLOL]DomR GHVWH HTXLSDPHQWR
'HYHUmR VHU XWLOL]DGRV FDERV EOLQGDGRV FRP HVWH HTXLSDPHQWR SDUD PDQWHU D FRQIRUPLGDGH FRP D 'LUHFWLYD (0& &((
(VWH HTXLSDPHQWR QmR VH GHVWLQD j XWLOL]DomR HP DPELHQWH GRPpVWLFR
3RGHUi REWHU MXQWR GR VHX UHSUHVHQWDQWH ;HUR[ (XURSH XPD GHFODUDomR FRPSOHWD FRP D GHILQLomR GDV SULQFLSDLV 'LUHFWLYDV H DV QRUPDV UHIHUHQFLDGDV
$9,62 'H PRGR D SHUPLWLU TXH HVWH HTXLSD
PHQWR IXQFLRQH SUy[LPR GH HTXLSDPHQWR ,QGXVWULDO &LHQWtILFR H 0pGLFR ,60 D UDGLDomR H[WHUQD GR HTXLSDPHQWR ,60 SRGH WHU GH VHU OLPL WDGD RX WRPDGDV PHGLGDV QR VHQWLGR GD VXD GLPLQXLomR
$9,626 |
;,, |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
2 VHJXLQWH DSOLFD VH DR SURGXWR TXDQGR HTXLSDGR FRP DV RSo}HV GH FRQHFWLYLGDGH 7RNHQ 5LQJ RX %DQ\DQ 9LQHV
$9,62 (VWH p XP SURGXWR &ODVVH $ 1XP DPEL HQWH GRPpVWLFR HVWH SURGXWR SRGHUi SURYRFDU LQWHUIHUrQFLDV GH UiGLR HP FXMR FDVR R XWLOL]DGRU GHYHUi WRPDU DV GHYLGDV PHGLGDV
$V DOWHUDo}HV RX PRGLILFDo}HV D HVWH HTXLSDPHQWR QmR HVSHFLILFDPHQWH DSURYDGDV SHOD ;HUR[ (XURSH SRGHUmR LQYDOLGDU D DXWRUL]DomR IRUQHFLGD DR XWLOL]DGRU SDUD D XWLOL]DomR GHVWH HTXLSDPHQWR
'HYHUmR VHU XWLOL]DGRV FDERV EOLQGDGRV FRP HVWH HTXLSDPHQWR SDUD PDQWHU D FRQIRUPLGDGH FRP D 'LUHFWLYD (0& &((
$9,62 'H PRGR D SHUPLWLU TXH HVWH HTXLSD
PHQWR IXQFLRQH SUy[LPR GH HTXLSDPHQWR ,QGXV
WULDO &LHQWtILFR H 0pGLFR ,60 D UDGLDomR H[WHUQD
GR HTXLSDPHQWR ,60 SRGH WHU GH VHU OLPLWDGD RX
WRPDGDV PHGLGDV QR VHQWLGR GD VXD GLPLQXLomR
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
;,,, |
$9,626 |
$9,626 |
;,9 |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
ËQGLFH
1RWDV VREUH VHJXUDQoD ,,,
6HJXUDQoD HOpFWULFD ,,, 6HJXUDQoD GR ODVHU 9 6HJXUDQoD GH PDQXWHQomR 9, 6HJXUDQoD RSHUDFLRQDO 9,, 6HJXUDQoD GR R]RQR 9,,,
$YLVRV,;
(PLVV}HV GH IUHTXrQFLDV GH UiGLR ,; )&& ,; )&& ;
$SURYDomR GH WHQVmR H[WUD UHGX]LGD GH VHJXUDQoD ;, &HUWLILFDo}HV QD (XURSD ;,,
$FHUFD GHVWH PDQXDO
&RQWH~GR GR PDQXDO
$SUHVHQWDomR GR 'RFXPHQW &HQWUH
&RORU6HULHV
)D]HU FySLDV
&ySLD %iVLFD
)XQo}HV$GLFLRQDLV
4XDOLGDGH GH ,PDJHP
)RUPDWRV GH 6DtGD
&ULDU 7UDEDOKR
3DSHO
$OLPHQWDGRU$XWRPiWLFR GH 2ULJLQDLV 'XSOH[
6HSDUDGRU &DL[D GH &RUUHLR
5HVROXomR GH SUREOHPDV
,QIRUPDo}HV WpFQLFDV
3DUD REWHU PDLV LQIRUPDo}HV
&RQYHQo}HV XWLOL]DGDV QHVWH PDQXDO
$SUHVHQWDomR GR 'RFXPHQW &HQWUH &RORU6HULHV
,QWURGXomR
3DLQHO GH FRQWUROR
7HFODV GR SDLQHO GH FRQWUROR
(FUm WiFWLO
ÈUHD GDV PHQVDJHQV
4XDQWLGDGH GH FySLDV
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
;9 |
Ë1',&( |
|
6HSDUDGRUHV GH IXQo}HV |
|
|
7LSR GH WHFODV H IXQo}HV GR HFUm WiFWLO |
|
8VDU R HFUm WiFWLO |
||
|
6LQDLV VRQRURV |
|
|
$OLPHQWDGRU GH 2ULJLQDLV H 9LGUR GH ([SRVLomR |
|
|
$OLPHQWDGRU$XWRPiWLFR GH 2ULJLQDLV 'XSOH[ |
|
|
'$') |
|
|
9LGUR GH ([SRVLomR |
|
|
5RWDomR$XWRPiWLFD GH ,PDJHP |
|
|
%DQGHMDV GH SDSHO H SHUFXUVR GR SDSHO |
|
|
%DQGHMDV GH SDSHO |
|
ÈUHDV GR SHUFXUVR GR SDSHO |
||
|
||
|
6DtGD GDV FySLDV |
|
|
7RQHU |
|
|
0DUJHQV EUDQFDV QDV FySLDV |
|
|
3URWHFomR FRQWUD IDOKD GH WHUUD |
|
|
&RQHFWLYLGDGH |
|
|
0RYHU R FRSLDGRU LPSUHVVRUD |
|
|
2So}HV H DFHVVyULRV |
|
|
||
|
)D]HU FySLDV |
|
|
/LJDU H GHVOLJDU |
|
|
'HVOLJDU |
|
|
/LJDU |
|
|
&RORFDU SDSHO |
|
|
%DQGHMDV RX |
|
|
%DQGHMD |
|
&ySLD UiSLGD |
||
|
)D]HU FySLDV XWLOL]DQGR DV IXQo}HV |
|
|
3UHVHUYDU DV FySLDV D FRUHV |
|
|
)LWDV DGHVLYDV H DGHVLYRV |
|
|
39& H FySLDV |
|
|
&ySLD %iVLFD |
'HVFULomR JHUDO
&RU )LQDO
6DtGD GH &ySLDV
5HGXomR$PSOLDomR
$OLPHQWDomR GH 3DSHO
&RU )LQDO
&RU$XWRPiWLFD
4XDWUR &RUHV
&RUHV
3UHWR
&RU ÒQLFD
6HOHFFLRQDU D FRU ILQDO
6HOHFFLRQDU XPD FRU ILQDO ~QLFD
6DtGD GH &ySLDV
5HGXomR$PSOLDomR
2So}HV GH SHUFHQWDJHQV
$XWR
'HILQLU DV RSo}HV EiVLFDV
2So}HV GH 5HGXomR$PSOLDomR DYDQoDGDV
3Up GHILQLGD
9DULiYHO
Ë1',&( |
;9, |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
; < ,QGHSHQGHQWHV
; < ,QGHSHQGHQWHV 9DULiYHO
; < ,QGHSHQGHQWHV$XWR
$OLPHQWDomR GH 3DSHO
7URFD$XWR GH %DQGHMD
6HOHFFLRQDU$OLPHQWDomR GH 3DSHO
3URJUDPDU$OLPHQWDomR GH 3DSHO SDUD D %DQGHMD
)XQo}HV$GLFLRQDLV
'HVFULomR JHUDO
&ySLD )DFHV
&RSLDU /LYUR
'HVORFDomR GH 0DUJHP
$SDJDU 5HERUGR
)RUPDWR GR 2ULJLQDO
2ULJLQDLV GH 9iULRV )RUPDWRV
&ySLD )DFHV
8WLOL]DU D IXQomR &ySLD )DFHV
&ySLD )DFHV PDQXDLV
&RSLDU /LYUR
&RSLDU /LYUR 'HVDFWLYDGD
&RSLDU /LYUR 1RUPDO
)RUPDWR 'LUHLWD SDUD (VTXHUGD
)RUPDWR GH &DOHQGiULR
'HVORFDomR GH 0DUJHP
6HP 'HVORFDomR
&HQWUDU$XWR
'HVORFDU SDUD R &DQWR
'HVORFDomR 9DULiYHO
$SDJDU 5HERUGR
1mR$SDJDU
$SDJDU 9DULiYHO SDUD DV PDUJHQV
)RUPDWR GR 2ULJLQDO
2ULJLQDLV GH 9iULRV )RUPDWRV
4XDOLGDGH GH ,PDJHP
7LSR GH 2ULJLQDO
(TXLOtEULR GH &RU 3Up GHILQLGR
&ODUR (VFXUR
'HVORFDomR GH &RU 6DWXUDomR
1LWLGH]
(TXLOtEULR GH &RU 9DULiYHO
7LSR GH 2ULJLQDO
)RWR H 7H[WR
7H[WR
)RWR
*UiILFRV H 0DSDV
(TXLOtEULR GH &RU 3Up GHILQLGR
1RUPDO
9LYD
%ULOKDQWH
4XHQWH
)ULD
(OLPLQDU )XQGR
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
;9,, |
Ë1',&( |
|
(OLPLQDomR$XWR |
|
|
&ODUR (VFXUR |
|
'HVORFDomR GH &RU 6DWXUDomR |
||
|
'HVORFDomR GH &RU |
|
|
6DWXUDomR |
|
|
1LWLGH] |
|
|
(TXLOtEULR GH &RU 9DULiYHO |
|
|
)RUPDWRV GH 6DtGD |
|
|
'HVFULomR JHUDO |
|
9iULDV 1XPD )ROKD |
||
|
||
|
5HSHWLU ,PDJHP |
|
|
6HSDUDGRU GH 7UDQVSDUrQFLDV |
|
|
,QYHUWHU ,PDJHP |
|
|
9iULRV 1XPD )ROKD |
|
|
3iJLQDV 1XPD )ROKD |
|
|
3iJLQDV 1XPD )ROKD H 3iJLQDV 1XPD )ROKD |
|
|
1~PHUR GH LPDJHQV SRU SiJLQD |
|
5HSHWLU ,PDJHP |
||
|
,PDJHP ÒQLFD |
|
|
5HSHWLomR$XWR GH ,PDJHP |
|
|
5HSHWLomR 9DULiYHO GH ,PDJHP |
|
|
6HSDUDGRUHV GH 7UDQVSDUrQFLDV |
|
|
6HP 6HSDUDGRUHV |
|
|
6HSDUDGRUHV HP %UDQFR |
|
|
,QYHUWHU ,PDJHP |
|
|
,PDJHP HP (VSHOKR |
|
,PDJHP HP 1HJDWLYR |
||
|
&ULDU 7UDEDOKR |
|
|
'HVFULomR JHUDO |
|
|
7UDEDOKRV *UDYDGRV |
|
|
7UDEDOKRV *UDYDGRV |
|
|
*UDYDU XP WUDEDOKR |
|
|
5HFXSHUDU XP WUDEDOKR |
|
$SDJDU XP WUDEDOKR |
||
|
3DSHO |
|
|
'HVFULomR JHUDO |
|
|
%DQGHMDV H |
|
|
%DQGHMD |
|
|
7URFD$XWR GH %DQGHMD |
|
|
&RORFDU RV VXSRUWHV GH LPSUHVVmR |
|
8WLOL]DU SDSHO |
||
|
||
|
8WLOL]DU WUDQVSDUrQFLDV |
|
|
&RORFDU SDSHO QDV %DQGHMDV H |
|
|
&RORFDU VXSRUWHV GH LPSUHVVmR QD %DQGHMD |
|
|
8WLOL]DU SDSHO GH [ SROHJDGDV RX 65$ |
|
|
8WLOL]DomR GR 3DSHO |
|
|
|
Ë1',&( |
;9,,, |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
$OLPHQWDGRU$XWRPiWLFR GH 2ULJLQDLV 'XSOH[
'HVFULomR JHUDO
1RPHV H IXQo}HV GRV FRPSRQHQWHV
3HUFXUVR GR RULJLQDO
(VSHFLILFDo}HV GRV RULJLQDLV
(VSHFLILFDo}HV SDUD RULJLQDLV QRUPDOL]DGRV
QR '$')
2ULJLQDLV QmR UHFRPHQGDGRV
&RORFDU RV RULJLQDLV
'HVHQFUDYDU XP RULJLQDO
6HSDUDGRU &DL[D GH &RUUHLR
'HVFULomR JHUDO
8WLOL]DU R 6HSDUDGRU &DL[D GH &RUUHLR
'HVHQFUDYDU SDSHO
5HVROXomR GH SUREOHPDV
'HVFULomR JHUDO
'HVHQFUDYDU SDSHO
(YLWDU HQFUDYDPHQWRV GH SDSHO
(QFUDYDPHQWR DWUiV GD SRUWD HVTXHUGD
(QFUDYDPHQWR GH SDSHO DWUiV GD SRUWD GLUHLWD
(QFUDYDPHQWR GH SDSHO DWUiV GD SRUWD IURQWDO
(QFUDYDPHQWR GH SDSHO QXPD EDQGHMD
(QFUDYDPHQWR GH SDSHO QD %DQGHMD
5HVROYHU SUREOHPDV GH KDUGZDUH
5HVROYHU SUREOHPDV GH SURJUDPDomR
5HVROYHU SUREOHPDV GR SURFHVVDGRU
5HVROYHU SUREOHPDV GH TXDOLGDGH GDV FySLDV XWLOL]DQGR RV VHSDUDGRUHV &ySLD %iVLFD )XQo}HV$GLFLRQDLV RX 4XDOLGDGH GH ,PDJHP
$VHOHFomR GR WLSR GH RULJLQDO H DV FySLDV
,QIRUPDo}HV WpFQLFDV
'HVFULomR JHUDO
(VSHFLILFDo}HV
5HTXLVLWRV HOpFWULFRV 9&$+]
5HTXLVLWRV HOpFWULFRV 9&$+]
5HTXLVLWRV DPELHQWDLV
,QIRUPDo}HV UHODWLYDV j VD~GH H j VHJXUDQoD
&DSDFLGDGHV
'LPHQV}HV ItVLFDV
0RGRV GH IXQFLRQDPHQWR GR VLVWHPD
9HORFLGDGHV GH FySLD GDV %DQGHMDV H SDSHO QRUPDO
9HORFLGDGHV GH FySLD GDV %DQGHMDV H SDSHO GH JUDPDJHP HOHYDGD OLPLWDGD
9HORFLGDGHV GH FySLD GD %DQGHMD
$OLPHQWDGRU$XWRPiWLFR GH 2ULJLQDLV 'XSOH[
(VSHFLILFDo}HV GR '$')
(VSHFLILFDo}HV GR 6HSDUDGRU &DL[D GH &RUUHLR
7DEHOD GH FRQYHUVmR PpWULFD
ËQGLFH 5HPLVVLYR
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
;,; |
Ë1',&( |
Ë1',&( |
;; |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
$FHUFD GHVWH PDQXDO
2 'RFXPHQW &HQWUH &RORU6HULHV SRGH VHU XWLOL]DGR FRPR XP FRSLDGRU LQGHSHQGHQWH WDO FRPR LOXVWUDGR QD )LJXUD RX SRGH VHU FRQMXJDGR FRP XP GLVSRVLWLYR 'LJLWDO )URQW (QG H[WHUQR SDUD IXQFLRQDU FRPR FRSLDGRU LPSUHVVRUD
3RU FRQVHTXrQFLD HVWH PDQXDO UHIHUH VH j XQLGDGH FRPR ³'RFXPHQW &HQWUH &RORU6HULHV ´ R ³FRSLDGRU LPSUHVVRUD 'RFXPHQW &HQWUH &RORU6HULHV ´ RX VLPSOHVPHQWH FRPR ³FRSLDGRU LPSUHVVRUD ´
3DUD REWHU PDLV LQIRUPDo}HV UHODWLYDPHQWH DR PRGR FRPR D XQLGDGH IXQFLRQD FRPR LPSUHVVRUD FRQVXOWH R *XLD GR 8WLOL]DGRU GD ,PSUHVVRUD GR &RSLDGRU ,PSUHVVRUD 'LJLWDO 'RFXPHQW &HQWUH &RORU6HULHV
(VWH FDStWXOR DSUHVHQWD D RUJDQL]DomR R )LJXUD 2 'RFXPHQW &HQWUH &RORU6HULHV
FRQWH~GR H DV FRQYHQo}HV GHVWH PDQXDO
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
± |
$&(5&$ '(67( 0$18$/ |
&RQWH~GR GR PDQXDO
(VWH PDQXDO HQFRQWUD VH GLYLGLGR HP
FDStWXORV FRPR p GHVFULWR GH VHJXLGD
32172 &+$9( $V IXQo}HV H DV RSo}HV GLVFXWLGDV HP FDGD FDStWXOR UHIOHFWHP DV GHILQLo}HV SRU GHIHLWR 3RGHUi HQFRQWUDU GLIHUHQWHV GHILQLo}HV GHSHQGHQGR GDV RSo}HV
TXH R VHX $GPLQLVWUDGRU GR 6LVWHPD WLYHU VHOHFFLRQDGR QR PRGR 5HFXUVRV
$SUHVHQWDomR GR 'RFXPHQW &HQWUH &RORU6HULHV
2 FDStWXOR IRUQHFH LQIRUPDo}HV EiVLFDV VREUH R 'RFXPHQW &HQWUH &RORU6HULHV ,QFOXL XPD
LQWURGXomR DR SDLQHO GH FRQWUROR DR HFUm WiFWLO DR $OLPHQWDGRU $XWRPiWLFR GH 2ULJLQDLV 'XSOH['$') DR 9LGUR GH ([SRVLomR jV EDQGHMDV GH SDSHO H DR SHUFXUVR GR SDSHO
7DPEpP DQDOLVD DOJXQV WySLFRV WDLV FRPR VLQDLV VRQRURV WRQHU PDUJHQV HP EUDQFR SURWHFomR FRQWUD IDOKDV GH WHUUD FRQHFWLYLGDGH H DV RSo}HV H DFHVVyULRV
)D]HU FySLDV
2 FDStWXOR LQGLFD RV SURFHGLPHQWRV QHFHVViULRV SDUD OLJDU H GHVOLJDU R FRSLDGRU LPSUHVVRUD 7DPEpP LQFOXL XPD EUHYH GHVFULomR JHUDO GR SURFHVVR GH ID]HU FySLDV
$&(5&$ '(67( 0$18$/ |
± |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
$ GHVFULomR JHUDO WHP GXDV ILQDOLGDGHV
‡$QDOLVD R SURFHVVR EiVLFR GH ID]HU FySLDV LQFOXLQGR VHOHFFLRQDU IXQo}HV H RSo}HV FRORFDU R RULJLQDO QR 9LGUR GH ([SRVLomR RX QR '$') SUHPLU D WHFOD ,1,&,$5 H UHWLUDU D FySLD
$V LQIRUPDo}HV FRPR R SRVLFLRQDPHQWR GR RULJLQDO QR 9LGUR GH ([SRVLomR RX QR '$') QmR VH UHSHWHP HP VHFo}HV SRVWHULRUHV H[FHSWR VH D IXQomR QHFHVVLWDU GH DWHQomR HVSHFLDO SDUD HVVHV SRUPHQRUHV
‡$QDOLVD GHWHUPLQDGRV YDORUHV GH VDtGD QRUPDOPHQWH VHOHFFLRQDGRV
3DUD REWHU H[SOLFDo}HV VREUH DV YiULDV IXQo}HV GR FRSLDGRU LPSUHVVRUD RX SURFHGLPHQWRV PDLV SRUPHQRUL]DGRV FRQVXOWH D VHFomR DGHTXDGD QRV FDStWXORV VHJXLQWHV
&ySLD %iVLFD
2 FDStWXOR LQFOXL LQIRUPDo}HV H SURFHGLPHQWRV SDUD DV IXQo}HV TXH DSDUHFHP QR VHSDUDGRU &ySLD %iVLFD
‡&RU )LQDO
‡6DtGD GH &ySLDV
‡5HGXomR $PSOLDomR
‡$OLPHQWDomR GH 3DSHO
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
± |
$&(5&$ '(67( 0$18$/ |
|
)XQo}HV $GLFLRQDLV |
|
|
||
2 FDStWXOR LQFOXL LQIRUPDo}HV H SURFHGLPHQWRV |
||
|
||
|
SDUD DV IXQo}HV SRU GHIHLWR RULJLQDLV TXH |
|
|
DSDUHFHP QR VHSDUDGRU )XQo}HV $GLFLRQDLV |
|
|
|
‡ |
&ySLD )DFHV |
|
‡ |
&RSLDU /LYUR |
|
‡ |
'HVORFDomR GH 0DUJHP |
|
‡ |
$SDJDU 5HERUGR |
|
‡ |
)RUPDWR GR 2ULJLQDO |
|
‡ |
2ULJLQDLV GH 9iULRV )RUPDWRV |
4XDOLGDGH GH ,PDJHP
2 FDStWXOR LQFOXL LQIRUPDo}HV H SURFHGLPHQWRV SDUD DV IXQo}HV SRU GHIHLWR RULJLQDLV TXH GHWHUPLQDP D TXDOLGDGH GDV FySLDV (VWDV IXQo}HV DSDUHFHP QR VHSDUDGRU 4XDOLGDGH GH ,PDJHP
|
‡ |
|
‡
‡
‡
‡
|
‡ |
7LSR GH 2ULJLQDO
(TXLOtEULR GH &RU 3Up GHILQLGR
&ODUR (VFXUR
'HVORFDomR GH &RU H 6DWXUDomR
1LWLGH]
(TXLOtEULR GH &RU 9DULiYHO
$&(5&$ '(67( 0$18$/ |
± |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
)RUPDWRV GH 6DtGD
2 FDStWXOR LQFOXL LQIRUPDo}HV H SURFHGLPHQWRV SDUD DV TXDWUR IXQo}HV SRU GHIHLWR RULJLQDLV TXH DIHFWDP RV UHTXLVLWRV HVSHFLDLV SDUD DV FySLDV (VWDV IXQo}HV DSDUHFHP QR VHSDUDGRU )RUPDWRV GH 6DtGD
‡9iULDV 1XPD )ROKD
‡5HSHWLU ,PDJHP
‡6HSDUDGRUHV GH 7UDQVSDUrQFLDV
‡,QYHUWHU ,PDJHP
&ULDU 7UDEDOKR
2 FDStWXOR LQFOXL LQIRUPDo}HV H SURFHGLPHQWRV SDUD JUDYDU UHFXSHUDU H DSDJDU WUDEDOKRV
3DSHO
2 FDStWXOR IRUQHFH LQIRUPDo}HV DFHUFD GDV EDQGHMDV GH SDSHO H GD WURFD DXWRPiWLFD GH EDQGHMD ,QFOXL WDPEpP RV SURFHGLPHQWRV FRUUHFWRV SDUD FRORFDU VXSRUWHV GH LPSUHVVmR QDV EDQGHMDV GH SDSHO H LQIRUPDo}HV HVSHFtILFDV VREUH R SDSHO D XWLOL]DU QR 'RFXPHQW &HQWUH &RORU6HULHV
3DUD REWHU PDLV LQIRUPDo}HV JHUDLV VREUH R SDSHO FRQVXOWH R *XLD GH 0DWHULDLV GH &RU D 8WLOL]DU 3DUD REWHU LQIRUPDo}HV HVSHFtILFDV VREUH RV WLSRV GH SDSHO WHVWDGRV SDUD D XWLOL]DomR FRP R 'RFXPHQW &HQWUH &RORU6HULHV FRQVXOWH
0DWHULDLV 5HFRPHQGDGRV SDUD R 'RFXPHQW &HQWUH &RORU6HULHV
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
± |
$&(5&$ '(67( 0$18$/ |
$OLPHQWDGRU $XWRPiWLFR GH 2ULJLQDLV 'XSOH[
2 FDStWXOR GHVFUHYH R $OLPHQWDGRU $XWRPiWLFR GH 2ULJLQDLV 'XSOH[ RSFLRQDO IRUQHFHQGR RV QRPHV H DV IXQo}HV TXH R FRPS}HP DV HVSHFLILFDo}HV GRV RULJLQDLV H XPD GHVFULomR JHUDO GR SHUFXUVR GR GRFXPHQWR 6mR WDPEpP LQGLFDGDV SUHFDXo}HV GH VHJXUDQoD H LQVWUXo}HV SDUD FRORFDU RV RULJLQDLV H SDUD GHVHQFUDYDU
SDSHO
6HSDUDGRU &DL[D GH &RUUHLR
|
2 FDStWXOR GHVFUHYH R 6HSDUDGRU &DL[D GH |
|
&RUUHLR RSFLRQDO IRUQHFHQGR RV QRPHV H DV |
|
IXQo}HV TXH R FRPS}HP SUHFDXo}HV GH |
|
VHJXUDQoD H LQVWUXo}HV SDUD D VXD XWLOL]DomR H |
SDUD GHVHQFUDYDPHQWRV |
|
|
5HVROXomR GH SUREOHPDV |
|
2 FDStWXOR IRUQHFH LQVWUXo}HV SDUD |
|
GHVHQFUDYDU SDSHO H SDUD DQDOLVDU H UHVROYHU |
|
SUREOHPDV GH KDUGZDUH GD SURJUDPDomR H GR |
|
SURFHVVDGRU 7DPEpP IRUQHFH DOJXPDV VROXo}HV |
SDUD PHOKRUDU D TXDOLGDGH GDV FySLDV |
$&(5&$ '(67( 0$18$/ |
± |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
,QIRUPDo}HV WpFQLFDV
2 FDStWXOR LQGLFD HVSHFLILFDo}HV UHTXLVLWRV FDSDFLGDGHV FDUDFWHUtVWLFDV ItVLFDV YHORFLGDGHV GH FySLD SUHYLVWDV H LQIRUPDo}HV UHODWLYDV j VD~GH H j VHJXUDQoD GR FRSLDGRU LPSUHVVRUD (VWmR WDPEpP LQFOXtGDV HVSHFLILFDo}HV UHODWLYDV DR '$') H DR 6HSDUDGRU &DL[D GH &RUUHLR EHP FRPR XPD WDEHOD GH FRQYHUVmR GR VLVWHPD PpWULFR
3DUD REWHU PDLV LQIRUPDo}HV
(VWH JXLD GHYH VHU XVDGR HP FRQMXQWR FRP R
'RFXPHQW &HQWUH &RORU6HULHV *XLD GH $GPLQLVWUDomR GH 6LVWHPD H FRP 0DWHULDLV 5HFRPHQGDGRV SDUD R 'RFXPHQW &HQWUH &RORU6HULHV
3DUD REWHU PDLV LQIRUPDo}HV DFHUFD GR 'RFXPHQW &HQWUH &RORU6HULHV FRP XP 'LVSRVLWLYR 'LJLWDO )URQW (QG ')( GH QtYHO , FRQVXOWH R *XLD GR 8WLOL]DGRU GD ,PSUHVVRUD 'RFXPHQW &HQWUH &RORU6HULHV
3DUD REWHU LQIRUPDo}HV DFHUFD GR SODQHDPHQWR GD ORFDOL]DomR FRQVXOWH R PDQXDO *XLD GH 3ODQLILFDomR GDV ,QVWDODo}HV GR &OLHQWH GR 'RFXPHQW &HQWUH &RORU6HULHV
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
± |
$&(5&$ '(67( 0$18$/ |
&RQYHQo}HV XWLOL]DGDV QHVWH PDQXDO
$QWHV GRV SDVVRV GR SURFHGLPHQWR HQFRQWUDP VH JHUDOPHQWH DV GHVFULo}HV GDV IXQo}HV H GDV RSo}HV 3RGHUi VHU QHFHVViULR FRPELQDU YiULRV SURFHGLPHQWRV SDUD DOFDQoDU RV UHVXOWDGRV SUHWHQGLGRV
(VWH PDQXDO XWLOL]D DOJXQV VtPERORV TXH R DMXGDPD LGHQWLILFDU RV GLIHUHQWHV WLSRV GH LQIRUPDo}HV
(VVHV VtPERORV VmR GHVFULWRV GH VHJXLGD
2 VtPEROR LQGLFD R LQtFLR GH XP SURFHGLPHQWR &HUWLILTXH VH TXH VHJXH FXLGDGRVDPHQWH RV SDVVRV SHOD RUGHP HP TXH VmR LQGLFDGRV
127$ $V QRWDV IRUQHFHP LQIRUPDo}HV DGLFLRQDLV TXH SRGHP VHU ~WHLV SDUD D VXD FRPSUHHQVmR RX SDUD R GHVHPSHQKR GRV SURFHGLPHQWRV
32172 &+$9( 2V SRQWRV FKDYH FKDPDP D VXD DWHQomR SDUD LQIRUPDo}HV LPSRUWDQWHV VXJHVW}HV RX FRQVHOKRV
$9,62 (VWH VtPEROR DOHUWD R SDUD XPD SUiWLFD FRQGLomR RX SURFHGLPHQWR GH XWLOL]DomR RX GH PDQXWHQomR TXH VH QmR IRU ULJRURVDPHQWH FXPSULGR SRGHUi UHVXOWDU HP IHULPHQWRV RX ULVFR GH YLGD
$9,62 (VWH VtPEROR GH 6XSHUItFLH 4XHQWH DOHUWD R SDUD XPD iUHD TXH SRGHUi HVWDU PXLWR TXHQWH H TXH VH IRU WRFDGD SRGHUi UHVXOWDU HP TXHLPDGXUDV
&8,'$'2 (VWH VtPEROR DOHUWD R SDUD XPD SUiWLFD FRQGLomR RX SURFHGLPHQWR GH XWLOL]DomR RX GH PDQXWHQomR TXH VH QmR IRU ULJRURVDPHQWH FXPSULGR SRGHUi UHVXOWDU HP GDQRV QR HTXLSDPHQWR RX D VXD GHVWUXLomR RX DLQGD SHUGD GH LQIRUPDo}HV
$&(5&$ '(67( 0$18$/ |
± |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
$SUHVHQWDomR GR 'RFXPHQW &HQWUH &RORU6HULHV
,QWURGXomR
2 FRSLDGRU LPSUHVVRUD 'RFXPHQW &HQWUH &RORU6HULHV QD )LJXUD SHUPLWH FULDU LPDJHQV GLJLWDLV D FRUHV D FHUFD GH FySLDV SRU PLQXWR GHSHQGHQGR GR IRUPDWR GR SDSHO H GD RULHQWDomR TXH WHP TXDQGR p DOLPHQWDGR ,QFOXL XPD IXQomR GH DQWL IDOVLILFDomR TXH YHP GH RULJHP FRP R HTXLSDPHQWR
)LJXUD &RSLDGRU ,PSUHVVRUD 'RFXPHQW &HQWUH &RORU6HULHV
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
± |
$35(6(17$d-2 '2 '2&80(17 &(175( &2/256(5,(6 |
3DLQHO GH FRQWUROR
8VH R SDLQHO GH FRQWUROR SDUD SURJUDPDU R FRSLDGRU LPSUHVVRUD SDUD WUDEDOKRV LQGLYLGXDLV
$ |
% |
& |
)LJXUD 3DLQHO GH FRQWUROR
7DO FRPR LOXVWUDGR QD )LJXUD LUi XWLOL]DU R ERWmR GH &RQWUDVWH $ QR ODGR HVTXHUGR GR HFUm WiFWLO% SDUD WRUQDU R HFUm WiFWLO PDLV FODUR RX PDLV HVFXUR 6H URGDU R ERWmR QR VHQWLGR GRV SRQWHLURV GR UHOyJLR LUi HVFXUHFHU R HFUm H VH R URGDU QR
VHQWLGR FRQWUiULR LUi WRUQDU R HFUm PDLV FODUR
$V WHFODV QR ODGR GLUHLWR GR SDLQHO GH FRQWUROR &
H DV WHFODV HOHFWUyQLFDV QR HFUm WiFWLO VmR XVDGDV SDUD VHOHFFLRQDU RV UHTXLVLWRV GR WUDEDOKR
$35(6(17$d-2 '2 '2&80(17 &(175( &2/256(5,(6 ± |
'2&80(17 &(175( &6 *8,$ '2 87,/,=$'25 |
Loading...