Professional Documents
Culture Documents
:RUNVKRS 0DQXDO
2FWDYLD
(GLWLRQ
@tvrpqr
6HUYLFH
7KH :RUNVKRS 0DQXDO LV LQWHQGHG RQO\ IRU XVH ZLWKLQ WKH 2UJDQLVDWLRQ NRGD ,W LV QRW SHUPLWWHG WR SDVV LW RQ WR RWKHU SHUVRQV .2'$ $872 D V
2FWDYLD
(GLWLRQ
6XSSOH PHQW
/LVW RI 6XSSOHPHQWV
/LVW RI 6XSSOHPHQWV
7DEOH RI &RQWHQWV
7HFKQLFDO 'DWD
7HFKQLFDO GDWD 5HPRYLQJ DQG ,QVWDOOLQJ (QJLQH 5HPRYLQJ HQJLQH $WWDFKLQJ HQJLQH WR DVVHPEO\ VWDQG 7LJKWHQLQJ WRUTXHV ,QVWDOOLQJ WKH HQJLQH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH SDJH
&UDQNJHDU
5HPRYLQJ DQG LQVWDOOLQJ 9ULEEHG EHOW 6XPPDU\ RI FRPSRQHQWV 5HPRYLQJ WKH 9ULEEHG EHOW ,QVWDOOLQJ WKH 9ULEEHG EHOW 5HPRYLQJ DQG LQVWDOOLQJ WLJKWHQLQJ WKH WLPLQJ EHOW 6XPPDU\ RI FRPSRQHQWV 5HPRYLQJ DQG LQVWDOOLQJ WLJKWHQLQJ WKH WLPLQJ EHOW 5HPRYLQJ DQG LQVWDOOLQJ VHDOLQJ IODQJH DQG IO\ZKHHO
5HPRYLQJ DQG LQVWDOOLQJ WKH IURQW VHDOLQJ IODQJH 5HPRYLQJ DQG LQVWDOOLQJ FUDQNVKDIW 'LVDVVHPEOLQJ DQG DVVHPEOLQJ SLVWRQ DQG FRQURG &KHFNLQJ SLVWRQ SURMHFWLRQ LQ 7'& &UDQNVKDIW 3LVWRQ DQG &RQURG
6XPPDU\ RI FRPSRQHQWV 5HPRYLQJ DQG LQVWDOOLQJ F\OLQGHU KHDG 7HVWLQJ FRPSUHVVLRQ &DPVKDIW 5HSDLULQJ YDOYH JHDU
5HPRYLQJ DQG LQVWDOOLQJ FDPVKDIW 5HPRYLQJ DQG LQVWDOOLQJ JDVNHW ULQJ IRU FDPVKDIW 9DOYH VHDWV YDOYHV JXLGHV YDOYH VWHP VHDOV *ULQGLQJ LQ YDOYH VHDWV &DOFXODWLQJ PD[ SHUPLVVLEOH UHZRUNLQJ GLPHQVLRQ ,QVSHFWLQJ YDOYH JXLGHV 5HSODFLQJ YDOYH VWHP VHDOV 5HPRYLQJ DQG LQVWDOOLQJ SDUWV RI WKH OXEULFDWLRQ V\VWHP
/XEULFDWLRQ
'LVDVVHPEOLQJ DQG DVVHPEOLQJ WKH RLO ILOWHU KROGHU 5HPRYLQJ DQG LQVWDOOLQJ RLO SDQ
(GLWLRQ 6 7DEOH RI &RQWHQWV
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
&RROLQJ
)XHO 6XSSO\
5HPRYLQJ DQG LQVWDOOLQJ SDUWV RI WKH IXHO VXSSO\ V\VWHP $VVHPEO\ RYHUYLHZ )XHO WDQN ZLWK DWWDFKHG SDUWV 5HPRYLQJ DQG LQVWDOOLQJ IXHO JDXJH VHQGHU 6HUYLFLQJ IXHO ILOWHU 5HPRYLQJ DQG LQVWDOOLQJ IXHO FRROHU ,QVSHFWLQJ WDQGHP SXPS 5HPRYLQJ DQG LQVWDOOLQJ WKH WDQGHP SXPS 6HUYLFLQJ DFFHOHUDWRU SHGDO
7XUERFKDUJLQJ
&KDUJH DLU V\VWHP ZLWK WXUERFKDUJHU , 5HPRYLQJ DQG LQVWDOOLQJ SDUWV RI WKH FKDUJHDLU FRROLQJ 5HPRYLQJ DQG LQVWDOOLQJ FKDUJH DLU FRROHU 5XOHV RI FOHDQOLQHVV &RQQHFWLRQ GLDJUDP IRU YDFXXP KRVHV &KDUJH DLU V\VWHP ZLWK WXUERFKDUJHU ,, 5HPRYH H[KDXVW WXUERFKDUJHU &KHFNLQJ FKDUJH SUHVVXUH FRQWURO 5HPRYLQJ DQG LQVWDOOLQJ H[KDXVW WXUERFKDUJHU ZLWK FRPSRQHQW SDUWV
([KDXVW 6\VWHP
5HPRYLQJ DQG LQVWDOOLQJ SDUWV RI WKH H[KDXVW V\VWHP 5HSODFLQJ PLGGOH VLOHQFHU RU UHDU VLOHQFHU ([KDXVW JDV UHFLUFXODWLRQ V\VWHP 7HVWLQJ PHFKDQLFDO H[KDXVW JDV UHFLUFXODWLRQ YDOYH
,,
7DEOH RI &RQWHQWV
7HFKQLFDO GDWD
(QJLQH QXPEHU
7HFKQLFDO GDWD
7KH HQJLQH QXPEHU HQJLQH LGHQWLILFDWLRQ FKDUDFWHUV DQG VHULDO QXPEHU LV ORFDWHG LQ WKH IURQW DW WKH HQJLQH JHDUER[ MRLQW DUURZ ,Q DGGLWLRQ D VWLFNHU ZLWK WKH HQJLQH LGHQWLILFDWLRQ FKDU DFWHUV DQG VHULDO QXPEHU LV DIIL[HG WR WKH WRRWKHG EHOW JXDUG
7KH HQJLQH LGHQWLILFDWLRQ FKDUDFWHUV DUH DOVR LQGLFDWHG RQ WKH YHKLFOH GDWD VWLFNHUV
(QJLQH FKDUDFWHULVWLFV (QJLQH LGHQWLILFDWLRQ FKDUDFWHUV 0DQXIDFWXUHG 'LVSODFHPHQW 3RZHU RXWSXW 7RUTXH %RUH 6WURNH ([KDXVW OLPLWV FRQIRUPLQJ WR O (8 $7'
1P DW USP
N: DW USP PP PP
\HV
\HV
\HV
\HV
7HFKQLFDO GDWD
SDJH
SDJH
7HFKQLFDO GDWD
6SHFLDO WRROV WHVW DQG PHDVXULQJ HTXLSPHQW DQG DX[LOLDU\ LWHPV UHTXLUHG
:RUNVKRS FUDQH HJ 9$* $ &DWFK SDQ HJ 9$* 7RUTXH ZUHQFK %XVKLQJ 7
(QJLQH PRXQW 03 /LIWLQJ GHYLFH 03 6QDS KRRN
$VVHPEO\ VWDQG 03 3OLHUV IRU VSULQJ VWUDS FOLSV *UHDVH * :LUH
5HPRYLQJ HQJLQH
7KH HQJLQH LV UHPRYHG WRZDUGV WKH IURQW WRJHWKHU ZLWK ,I WKH EDWWHU\ LV GLVFRQQHFWHG DQG UHFRQQHFWHG FDUU\ 7KH KRVH FRQQHFWLRQV DUH VHFXUHG ZLWK VFUHZW\SH
1RWH
WKH JHDUER[
FOLSV VSULQJW\SH FOLSV RU FODPSW\SH FOLSV $OZD\V UH SODFH ZDUPW\SH FODPSV ZLWK VSULQJ VWUDS FOLSV RU VFUHZ FODPSV VSULQJW\SH FOLSV 7KH XVH RI FODPSW\SH RU VFUHZW\SH FOLSV LV QRW DOORZHG FOLSV
8VH SOLHUV IRU VSULQJ VWUDS FOLSV WR ILW WKH VSULQJ VWUDS
3URFHGXUH
t 2Q PRGHOV ILWWHG ZLWK D FRGHG UDGLR VHW SD\ DWWHQWLRQ t 5HPRYLQJ WKH HQJLQH ERQQHW %RG\ :RUN t 5HPRYH HQJLQH WULP SDQHO LQ GLUHFWLRQ RI DUURZV t 'LVFRQQHFW WKH EDWWHU\HDUWK VWUDS ZLWK WKH LJQLWLRQ RII
(GLWLRQ 6 5HPRYLQJ DQG ,QVWDOOLQJ (QJLQH
S10-0165
SDJH
t 5DLVH YHKLFOH ZLWK WKH OLIW SODWIRUP ,QVSHFWLRQ DQG t 'UDLQ FRRODQW ,QVSHFWLRQ DQG 0DLQWHQDQFH t 5HPRYH KRVH DW WKH ERWWRP DQG WKH FKDUJH DLU FRQ t 5HPRYH EDWWHU\ DQG EDWWHU\ WUD\ (OHFWULFDO 6\VWHP t 5HPRYH DLU ILOWHU ZLWK LQWDNH KRVH OWU N: t 'LVFRQQHFW WKH IXHOLQWDNH KRVH DQG WKH IXHOUHWXUQ t 5HPRYH SLSH DW ERWWRP DQG WKH FKDUJH DLU FRQQHFWLRQ t 5HPRYH EUDFNHW IRU SRZHUDVVLVWHG VWHHULQJ SLSH t 5HPRYH SRZHU VWHHULQJ IOXLG UHVHUYRLU GR QRW GHWDFK t 'HWDFK FRRODQW KRVH IURP UHVHUYRLU WR GLVWULEXWLRQ OLQH
DQG FRRODQW KRVH DW ERWWRP RI UDGLDWRU 1RWH KRVHV KRZHYHU DQG SODFH GRZQ WR WKH VLGH SLSH &KDSWHU KRVH IURP WKH SLSHV 7', (QJLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U 5HS *U QHFWLRQ KRVH &KDSWHU 0DLQWHQDQFH
2 1
$IWHU WKH KRVHV DUH VHSDUDWHG UHPDLQLQJ FRRODQW PD\ IORZ RXW SODFH WKH GULS WUD\ EHORZ IRU WKLV SXUSRVH
S10-0164
t 5HPRYH WKH 9ULEEHG EHOW &KDSWHU t 5HPRYH WKH YDOYH KROGHU 1 DQG 1 DERYH WKH t 'HWDFK FRRODQW KRVH IURP FRQQHFWLRQ WR F\OLQGHU
KHDG EUDNH VHUYR XQLW 'LVFRQQHFW WKH SOXJ FRQQHFWRU DQG HOHFWULFDO OLQHV IRU HDFK SDUW
t 3XOO RII WKH FRRODQW KRVHV WR WKH KHDW H[FKDQJHU t 'HWDFK EUDNH YDFXXP KRVH IURP WKH EUDNH VHUYR XQLW
)RU YHKLFOHV ILWWHG ZLWK RSWLRQDO HTXLSPHQW
KHDWHU SOXJV DUH ORFDWHG QH[W WR WKH WDQGHP SXPS LQ OHIW RI HQJLQH FRPSDUWPHQW
t 6HSDUDWH KLQJHG VKLIW URGV DQG EUDFNHW DW JHDUER[ t 8QEROW 3$6 SLSH IURP HQJLQH DQG JHDUER[ t 'LVFRQQHFW HDUWK VWUDS IURP WKH YHKLFOH ERG\ t 'LVFRQQHFW WKH IROORZLQJ SOXJ FRQQHFWLRQV
6WDUWHU SOXJ FRQQHFWLRQ 3OXJ FRQQHFWLRQ IRU UHYHUVLQJ OLJKW VZLWFK
3OXJ FRQQHFWLRQ IRU $& FRPSUHVVRU RQO\ RQ YHKLFOHV 3OXJ FRQQHFWLRQ IRU DOWHUQDWRU
SDJH
7KH DVVHPEO\ LV UHPRYHG WRJHWKHU ZLWK WKH FDEOH KDU QHVV 5HS *U
t 5HPRYZ WKH FRROLQJ ZDWHU WDQN FRYHU %RG\ ZRUN t 8QSOXJ FRQQHFWRU RI HQJLQH FRQWURO XQLW XQFOLS ZLULQJ t 2SHQ HQJLQH ZLULQJ KDUQHVV FRYHU LQ OHIW RI HQJLQH t 8QFOLS ZLULQJ KDUQHVV IURP WKH FRYHU t 7DNH FRQQHFWRU IRU PDLQ HQJLQH ZLULQJ KDUQHVV WR
FRPSDUWPHQW KDUQHVV IURP WKH VXSSRUWV LQ WKH ZDWHU FKDQQHO
t 6HSDUDWH FDEOH IURP VWDUWHU t 8QFOLS ZLULQJ KDUQHVV IURP VXSSRUWV VHSDUDWH SOXJ
*HDUER[ 0 5HS *U 1RWH
JHWKHU ZLWK VHFRQGDU\ HQJLQH ZLULQJ KDUQHVV RXW RI WKH IL[WXUH LQ OHIW RI HQJLQH FRPSDUWPHQW DQG XQSOXJ
'R QRW GHSUHVV WKH FOXWFK SHGDO 5LVN RI GDPDJH WR FOXWFK *HDUER[ 0 5HS *U
t 'LVFRQQHFW SURSVKDIW IURP JHDUER[ *HDUER[ & t 5HPRYLQJ H[KDXVW SLSH &KDSWHU t 5HPRYH SHQGXOXP VXSSRUW DUURZV
)RU YHKLFOHV ZLWK DLU FRQGLWLRQLQJ :DUQLQJ
$
MP 9-201 7 5 6
8
12 3 4
8VH VHFXULQJ SLQV RQ WKH KRRNV DQG ULJ SLQV WR SUHYHQW UHOHDVH
t 5HPRYH HQJLQH DQG JHDUER[ PRXQWV t 5DLVH HQJLQHJHDUER[ DQG WDNH RXW WR WKH IURQW
S10-0175
SDJH
1RWH
7DNH FDUH ZKHQ SXOOLQJ RXW HQJLQH DQG JHDUER[ (QVXUH DGHTXDWH FOHDUDQFH WR RWKHU FRPSRQHQWV
7KH HQJLQH VKRXOG EH DWWDFKHG WR WKH UHSDLU VWDQG 03 IRU FDUU\LQJ RXW UHPRYDO DQG LQVWDOODWLRQ RSHU DWLRQV 1RWH
7KH HQJLQH PXVW QRW EH DWWDFKHG WR UHSDLU VWDQG IRU PHDVXULQJ WKH F\OLQGHU ERUH &KDSWHU
3URFHGXUH
t 8QEROW JHDUER[ IURP HQJLQH 0DQXDO *HDUER[ 0 t $WWDFK HQJLQH ZLWK HQJLQH KROGHU 03 DQG
5HS *U VOHHYHV 7 WR UHSDLU VWDQG 03 7KH ILJ XUH VKRZV WKH O N: 6', HQJLQH WKH IL[LQJ V\V WHP LV WKH VDPH
03
1RWH
7
EO\ ZRUN
&RDW VWXG EROWV RI H[KDXVW PDQLIROG ZLWK KRW EROW SDVWH 7LJKWHQLQJ WRUTXHV SDJH
6
3URFHGXUH
,QVWDOODWLRQ LV SHUIRUPHG LQ WKH UHYHUVH RUGHU 3D\ DWWHQ WLRQ WR WKH IROORZLQJ SRLQWV
t &KHFN ZKHWKHU LQWHUPHGLDWH SODWH LV KDQJLQJ DW VHDO t ,I QHFHVVDU\ FKHFN WKH FHQWHULQJ RI WKH FOXWFK GLVF t ,QVSHFW FOXWFK UHOHDVH EHDULQJ IRU ZHDU UHSODFH LI QHF t /LJKWO\ OXEULFDWH VSOLQH RI LQSXW VKDIW ZLWK JUHDVH t :KHQ LQVWDOOLQJ HQJLQHJHDUER[ XQLW HQVXUH DGH
TXDWH FOHDUDQFH WR RWKHU FRPSRQHQWV
$
LQJ IODQJH DQG LV SXVKHG RQWR WKH GRZHO VOHHYHV DU URZV
HVVDU\
*
SDJH
t &RQQHFW KRVH OLQH IRU EOHHGLQJ FOXWFK EOHHG V\VWHP LI t $WWDFK VKLIW PHFKDQLVP DQG DGMXVW VKLIW FDEOHV
0DQXDO *HDUER[ 0 5HS *U QHFHVVDU\ 0DQXDO *HDUER[ 0 5HS *U
t (OHFWULFDO FRQQHFWLRQV DQG SURSHU URXWLQJ &XUUHQW t ,QVWDOO FRRODQW KRVHV &KDSWHU
1RWH
t &KHFN RLO OHYHO EHIRUH VWDUWLQJ WKH HQJLQH t ,QWHUURJDWH IDXOW PHPRU\ DQG HUDVH OWU N: t 3HUIRUP D WHVW GULYH
7', (QJLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U
2QO\ UHXVH GUDLQHG FRRODQW LI QRQH RI WKH IROORZLQJ FRP SRQHQWV KDV EHHQ UHSODFHG (QJLQH EORFN F\OLQGHU KHDG UDGLDWRU KHDW H[FKDQJHU
7LJKWHQLQJ WRUTXHV
7LJKWHQLQJ WRUTXHV DSSO\ RQO\ IRU OLJKWO\ JUHDVHG
1RWH
2WKHU OXEULFDQWV VXFK DV HQJLQH DQG JHDUER[ RLO DUH 'R QRW XVH GHJUHDVHG SDUWV
RLOHG SKRVSKDWL]HG RU EODFNHQHG QXWV DQG VFUHZV DOORZHG 'R QRW XVH 0RO\NRWH WRUTXHV DSSO\
SDJH
&RPSRQHQW 6FUHZVQXWV 0 1P
0
0
(QJLQH WR JHDUER[ FRQ QHFWLQJ VFUHZV (QJLQH WR JHDUER[ FRQ QHFWLQJ VFUHZV 'ULYH VKDIW WR JHDUER[ PRXQWLQJ IODQJH $& FRPSUHVVRU RQ EUDFNHW
$VVHPEO\ EUDFNHW
(QJLQH PRXQWLQJ
1P WXUQ 1P 1P
1
*HDUER[ PRXQWLQJ
1P WXUQ 1P 1P
1
Sryhpriy
SDJH
+LQJHG EUDFNHW
1P 1P
1P WXUQ
1
SDJH
SDJH
&UDQNJHDU
5HPRYLQJ DQG LQVWDOOLQJ 9ULEEHG EHOW
6XPPDU\ RI FRPSRQHQWV
7KH IROORZLQJ LOOXVWUDWLRQ VKRZV WKH ULEEHG EHOW GULYH RI YHKLFOHV QRW ILWWHG ZLWK WKH DLU FRQGLWLRQLQJ
1RWH
0DUN WKH URWDWLRQ GLUHFWLRQ EHIRUH UHPRYLQJ WKH 9ULEEHG EHOW 5HYHUVLQJ WKH URWDWLRQ GLUHFWLRQ RI DQ DOUHDG\ XVHG 3D\ DWWHQWLRQ WR WKH FRUUHFW SRVLWLRQ RI WKH ULEEHG 9EHOW LQ WKH EHOW SXOOH\ ZKHQ LQVWDOOLQJ LW
1P WRUTXH D IXUWKHU WXUQ %HOW SXOOH\ ZLWK YLEUDWLRQ GDPSHU q $VVHPEO\ RQO\ SRVVLEOH LQ RQH SRVLWLRQ KROHV RIIVHW 1P 7HQVLRQHU IRU 9ULEEHG EHOW *HQHUDWRU q SXVK LQ WKUHDGHG EXVKHV IRU UHWDLQLQJ EROWV VOLJKWO\ LQ RU GHU WR PRUH HDVLO\ SRVLWLRQ WKH DOWHUQDWRU DJDLQVW EUDFN HW %UDFNHW q IRU DOWHUQDWRU K\GUDXOLF SXPS DQG $& FRPSUHVVRU q )LWWLQJ VOHHYH )LJ LQ SDJH 1P +ROORZ VFUHZ 1P *DVNHW q UHSODFH 3UHVVXUH OLQH +\GUDXOLF SXPS IRU SRZHUDV VLVWHG VWHHULQJ q UHPRYLQJ DQG LQVWDOOLQJ &KDVVLV 5HS *U %HOW SXOOH\ IRU K\GUDXOLF SXPS
1 2
10
11 4 13 12 10
N13-0527
SDJH
)LJ
6
)LJ
A13-0097
)LJ
A13-0098
SDJH
t 5HPRYH HQJLQH WULP SDQHO LQ GLUHFWLRQ RI WKH DUURZ t 0DUN WKH URWDWLRQ GLUHFWLRQ RI WKH ULEEHG 9EHOW
S10-0165
t 6ZLYHO WHQVLRQLQJ SXOOH\ LQ GLUHFWLRQ RI DUURZ LQ RUGHU t 5HPRYH ULEEHG 9EHOW WDNH RII ILUVW RI DOO DW EHOW SXOOH\
RI DOWHUQDWRU 1RWH WR VODFNHQ WKH 9ULEEHG EHOW
1RWH
A13-0083
%HIRUH LQVWDOOLQJ WKH ULEEHG 9EHOW HQVXUH WKDW DOO FRP (QVXUH EHOW SXOOH\ DQG WHQVLRQLQJ SXOOH\ UXQ IUHHO\
t )LUVW RI DOO ILW ULEEHG 9EHOW RQWR DOWHUQDWRU DQG VODFNHQ t 6WDUW HQJLQH DQG LQVSHFW UXQQLQJ RI EHOW
WKH WHQVLRQLQJ GHYLFH
SDJH
SDJH
6XPPDU\ RI FRPSRQHQWV
%HIRUH UHPRYLQJ WKH WLPLQJ EHOW PDUN GLUHFWLRQ RI UXQQLQJ 5HYHUVLQJ WKH URWDWLRQ GLUHFWLRQ RI DQ DOUHDG\ XVHG EHOW PD\ GHVWUR\ LW 7RS SDUW RI WLPLQJ EHOW JXDUG 7LPLQJ EHOW q EHIRUH UHPRYLQJ PDUN UXQ QLQJ GLUHFWLRQ q FKHFN IRU ZHDU q GR QRW NLQN q UHPRYLQJ DQG LQVWDOOLQJ SDJH 1RWH
1 2 3 4 5
6 7 8
9 10
1P WRUTXH D IXUWKHU 6 WXUQ 7HQVLRQLQJ SXOOH\ 11 1P 1P &DPVKDIW VSURFNHW +XE 12 q ZLWK SXOVH URWRU q WR UHOHDVH DQG WLJKWHQ XVH 13 FRXQWHUKROGHU 7 q WR UHPRYH XVH H[WUDFWRU 14 7 q UHPRYLQJ DQG LQVWDOOLQJ 15 &KDSWHU 9 1P 16 23 9 22 7LPLQJ EHOW JXDUG UHDU *URPPHW q UHSODFH LI GDPDJHG 7HQVLRQLQJ GHYLFH IRU WLPLQJ EHOW 21 20 19 18 17 *XLGH SXOOH\ S13-0287 &RRODQW SXPS q UHPRYLQJ DQG LQVWDOOLQJ &KDSWHU 7LPLQJ EHOW JHDU FUDQNVKDIW q FRQWDFW VXUIDFH EHWZHHQ FUDQNVKDIW WLPLQJ EHOW VSURFNHW DQG FUDQNVKDIW PXVW EH FOHDQ DQG IUHH RI JUHDVH q )LWWLQJ SRVLWLRQ IODWV RQ WLPLQJ EHOW VSURFNHW DQG FUDQNVKDIW PXVW EH DOLJQHG
24
1P WRUTXH D IXUWKHU WXUQ q WR UHOHDVH DQG WLJKWHQ XVH FRXQWHUKROGHU 03 RU 7 q UHSODFH q LQVWDOO EROW LQ RULJLQDO VWDWH GR QRW PRLVWHQ ZLWK RLO DQG GR QRW UHPRYH JUHDVH 1P 1P %RWWRP SDUW RI WLPLQJ EHOW JXDUG %HOW SXOOH\ ZLWK YLEUDWLRQ GDPSHU q $VVHPEO\ RQO\ SRVVLEOH LQ RQH SRVLWLRQ KROHV RIIVHW
SDJH
1P WRUTXH D IXUWKHU WXUQ 0LGGOH SDUW RI WLPLQJ EHOW JXDUG 1P (QJLQH VXSSRUW EUDFNHW
03
5HPRYLQJ
t 5HPRYH WKH 9ULEEHG EHOW &KDSWHU t 5HPRYH WKH IURQW ULJKW ZKHHOKRXVH OLQHU %RG\ t 5HPRYH EHOW SXOOH\ ZLWK YLEUDWLRQ GDPSHU t 5HPRYH PLGGOH DQG ERWWRP WLPLQJ EHOW JXDUG
&DXWLRQ ZRUN 5HS *U
2 1
)XHO OLQH LV XQGHU SUHVVXUH 3ODFH FOHDQLQJ FORWKV DURXQG WKH FRQQHFWLRQ SRLQW EHIRUH GHWDFKLQJ KRVH FRQQHFWLRQV 5HGXFH SUHVVXUH E\ FDUHIXOO\ UHPRYLQJ WKH KRVH
t 'HWDFK IXHO IHHG KRVH DQG IXHO UHWXUQIORZ KRVH t 5HPRYH WRS FKDUJH DLU SLSH &KDSWHU t 5HPRYH H[SDQVLRQ UHVHUYRLU DQG SODFH GRZQ WR WKH t 5HPRYH SRZHU VWHHULQJ IOXLG UHVHUYRLU GR QRW GHWDFK t )LW RQ VXSSRUWLQJ GHYLFH 03 ZLWK DGDSWHU t 5HPRYH HQJLQH PRXQWV
03 KRVHV KRZHYHU DQG SODFH GRZQ WR WKH VLGH IURQW ZLWK FRRODQW KRVHV FRQQHFWHG IURP SLSHV
S10-0164
MP 9-200/3
MP 9-200
S34-0536
SDJH
t t t t t t
5HPRYH WRS SDUW RI WLPLQJ EHOW JXDUG 5HPRYH HQJLQH VXSSRUW LWHP LQ SDJH
/RZHU HQJLQH DJDLQ LQWR QRUPDO SRVLWLRQ 3RVLWLRQ FUDQNVKDIW RQ 7'& F\OLQGHU
$
t 5RWDWH FUDQNVKDIW XQWLO WKH PDUNLQJ RQ WKH WRS RI WKH t /RFN KXE ZLWK ORFNLQJ SLQ 03
WLPLQJ EHOW VSURFNHW DQG WKH DUURZ RQ WKH UHDU WLPLQJ EHOW JXDUG DUH SRVLWLRQHG RSSRVLWH WKH OXJV RQ WKH KXE RI WKH LPSXOVH URWRU DUURZV $ ,QVHUW ORFNLQJ SLQ WKURXJK WKH OHIW VORW LQWR WKH KROH DW WKH F\OLQGHU KHDG GHYLFH 7
7R IDFLOLWDWH WKLV VWHS LW LV UHFRPPHQGHG WR FRORXU WKH 7'& PDUNLQJ RQ WKH FUDQNVKDIW WLPLQJ EHOW VSURFNHW DQG RQ WKH ORFNLQJ GHYLFH 7 ZLWK ZKLWH SDLQW DUURZV % 1RWH
,QVHUW ORFNLQJ GHYLFH IURP WKH IURQW RI WKH WLPLQJ EHOW VSURFNHW LQWR WKH WHHWK
DQG WKH PDUNLQJ RQ WKH ORFNLQJ GHYLFH 7 PXVW EH SRVLWLRQHG RSSRVLWH DUURZV % 3LQ RI ORFNLQJ GH YLFH PXVW HQJDJH LQ WKH KROH RI WKH VHDOLQJ IODQJH DU URZ & FXULQJ ZKHQ VODFNHQLQJ RU WLJKWHQLQJ WKH EROW RI WKH FUDQNVKDIW WLPLQJ EHOW VSURFNHW
t 0DUN WKH URWDWLRQ GLUHFWLRQ RI WKH WLPLQJ EHOW t ,QVHUW ZUHQFK IXOO\ LQWR WKH KH[DJRQ VRFNHW EROW DQG
SUHVV LQ DQWLFORFNZLVH GLUHFWLRQ RQWR WKH WHQVLRQLQJ SXOOH\ DUURZ ORQJ HQRXJK XQWLO LW LV SRVVLEOH WR VHFXUH WKH WLPLQJ EHOW WHQVLRQLQJ GHYLFH ZLWK WKH ORFNLQJ SODWH 7 1RWH
SDJH
t 8QVFUHZ EROWV RI WLPLQJ EHOW WHQVLRQLQJ GHYLFH DQG t 5HPRYH WLPLQJ EHOW
WDNH RXW WHQVLRQLQJ GHYLFH
t 6ODFNHQ EROWV RI FDPVKDIW VSURFNHW VXIILFLHQWO\ VR t 7XUQ FDPVKDIW VSURFNHW FORFNZLVH LQ WKH VORWV DUURZ
DV IDU DV WKH VWRS WKDW WKH FDPVKDIW VSURFNHW FDQ EH WXUQHG LQ WKH DUHD RI WKH VORWV
t &DUHIXOO\ WXUQ HFFHQWULF LQ FORFNZLVH GLUHFWLRQ ZLWK WKH t )LW WLPLQJ EHOW RQWR FDPVKDIW VSURFNHW WHQVLRQLQJ SXO t ,QVWDOO WHQVLRQLQJ GHYLFH IRU WLPLQJ EHOW t &DUHIXOO\ WXUQ HFFHQWULF LQ DQWLFORFNZLVH GLUHFWLRQ ZLWK t 6ODFNHQ ZUHQFK LQ FORFNZLVH GLUHFWLRQ ORQJ HQRXJK
6SHFLILFDWLRQ D PP WKH ZUHQFK IRU WHQVLRQLQJ SXOOH\V & WKH OXJ RQ WKH HFFHQWULF PRYHV WRZDUG WKH VWRS $ XQWLO LW LV SRVVLEOH WR PRYH WKH ORFNLQJ SODWH 7 DZD\ VOLJKWO\ XQWLO JDS VL]H D LV DFKLHYHG 7KH OXJ RQ WKH HFFHQWULF PRYHV WRZDUG WKH VWRS % OH\ FUDQNVKDIW WLPLQJ EHOW VSURFNHW DQG ODVW RI DOO RQWR WKH WLPLQJ EHOW VSURFNHW RI WKH FRRODQW SXPS ZUHQFK IRU WHQVLRQLQJ SXOOH\V & VXIILFLHQWO\ XQWLO WKH OXJ RQ WKH HFFHQWULF LV ULJKW LQ IURQW RI VWRS %
SDJH
$ PP WZLVW GULOO FDQ DOVR EH XVHG IRU VHWWLQJ WKH *DS D EHFRPHV VPDOOHU DIWHU WKH WHQVLRQLQJ SXOOH\ LV :KHQ WKH HQJLQH LV ZDUP WKH JDS D PD\ EHFRPH DV
JDS D
WLJKWHQHG 7KLV IDFW VKRXOG WKHUHIRUH EH WDNHQ LQWR DF FRXQW ZKHQ VHWWLQJ ZLWK PP GULOO ELW
OLWWOH DV PP ZLGH
t 7LJKWHQ EROWV RI FDPVKDIW VSURFNHW WR WLJKWHQLQJ t 5HPRYH ORFNLQJ SLQ 03 DQG ORFNLQJ GHYLFH t 7LJKWHQ FUDQNVKDIW WZR UHYROXWLRQV LQ WKH GLUHFWLRQ RI
URWDWLRQ RI HQJLQH DQG SRVLWLRQ DJDLQ WR 7'& RI SLVWRQ IRU F\OLQGHU 1RWH
IODQJH /RFNLQJ GHYLFH VKRXOG EH LQVHUWHG MXVW DKHDG RI 7'& RQ WLPLQJ EHOW VSURFNHW
IRU F\OLQGHU DQG WKH SLQ RI WKH ORFNLQJ GHYLFH GRHV QRW HQJDJH LQ WKH VHDOLQJ IODQJH URWDWH WKH FUDQNVKDIW EDFN E\ QR PRUH WKDQ UHYROXWLRQ DQG RQFH DJDLQ VHW WKH FUDQNVKDIW WR WKH 7'& RI WKH SLVWRQ IRU F\OLQGHU E\ WXUQLQJ LQ GLUHFWLRQ RI URWDWLRQ RI HQJLQH FKHFN GLPHQVLRQ D PP DQG GHWHUPLQH ZKHWKHU WKH KXE FDQ EH VHFXUHG ZLWK ORFNLQJ SLQ 03
+ROG WKH WHQVLRQLQJ SXOOH\ ZLWK WKH ZUHQFK VODFNHQ WKH QXW DQG VODFNHQ WKH ZUHQFK XQWLO GLPHQVLRQ D LV DFKLHYHG 6SHFLILFDWLRQ D PP
t 5HPRYH SLQ IRU ORFNLQJ GHYLFH IURP WKH KROH DW WKH t 6ODFNHQ EROWV RI FDPVKDIW VSURFNHW
VHDOLQJ IODQJH DQG URWDWH WKH FUDQNVKDIW XQWLO WKH KXE FDQ EH VHFXUHG ZLWK ORFNLQJ SLQ
SDJH
t 5RWDWH FUDQNVKDIW LQ RSSRVLWH GLUHFWLRQ RI URWDWLRQ RI t 5RWDWH FUDQNVKDIW LQ GLUHFWLRQ RI URWDWLRQ RI HQJLQH t 7LJKWHQ EROWV RI FDPVKDIW VSURFNHW WR D WLJKWHQLQJ
WRUTXH RI 1P HQJLQH ORQJ HQRXJK XQWLO WKH SLQ IRU ORFNLQJ GHYLFH LQ WKH VHDOLQJ IODQJH LV SRVLWLRQHG FORVH WR WKH KROH DU URZ ORQJ HQRXJK XQWLO WKH SLQ IRU ORFNLQJ GHYLFH HQJDJHV LQ WKH VHDOLQJ IODQJH
2QFH WKH GLPHQVLRQ D LV DFKLHYHG DQG WKH KXE FDQ EH VHFXUHG
,I WKH FUDQNVKDIW LV SRVLWLRQHG DIWHU 7'& RI WKH SLVWRQ IRU F\OLQGHU DQG WKH SLQ RI WKH ORFNLQJ GHYLFH GRHV QRW HQJDJH LQ WKH VHDOLQJ IODQJH URWDWH WKH FUDQNVKDIW EDFN QR PRUH WKDQ UHYROXWLRQ DQG RQFH DJDLQ VHW WKH FUDQNVKDIW WR WKH 7'& RI WKH SLVWRQ IRU F\OLQGHU E\ WXUQLQJ LQ GLUHFWLRQ RI URWDWLRQ RI HQJLQH
t 5HSHDW FKHFN
LQ WKH RSSRVLWH GLUHFWLRQ RI URWDWLRQ RI WKH HQJLQH LQ RU GHU WR LQVHUW WKH ORFNLQJ GHYLFH
7LJKWHQLQJ WRUTXHV IRU HQJLQH PRXQWV DQG SHQGXOXP VXS SRUW &KDSWHU
SDJH
1RWH
7KH HQJLQH VKRXOG EH DWWDFKHG ZLWK HQJLQH KROGHU 03 DQG VSDFHU EXVKHV 7 WR WKH UHSDLU VWDQG
q UHSODFH q WLJKWHQLQJ PD\ RFFXU LQ VXF FHVVLYH VWDJHV ,QWHUPHGLDWH SODWH q PXVW EH SRVLWLRQHG RQ GRZHO VOHHYHV q GR QRW GDPDJH DQG GR QRW 1 NLQN ZKHQ FDUU\LQJ RXW UH PRYDO DQG LQVWDOODWLRQ ZRUN q KDQJ RQ WKH VHDOLQJ IODQJH )LJ LQ SDJH 1P 6HDOLQJ IODQJH ZLWK 37)( JDVNHW ULQJ q WR UHPRYH DQG LQVWDOO WDNH RII RLO SDQ &KDSWHU q PXVW EH UHSODFHG FRPSOHWHO\ q LQVWDOO JDVNHW ULQJ GU\ WKH FUDQNVKDIW VWXE PXVW EH IUHH RI JUHDVH q LQVWDOO QHZ VHDOLQJ IODQJH ZLWK JXLGH VOHHYH GR QRW SXOO JXLGH VOHHYH RII WKH ULQJ VHDO EHIRUH LQVWDOOLQJ
37)( JDVNHW ULQJ q UHSODFH SDJH q GR QR PRLVWHQ ZLWK RLO EHIRUH LQVHUWLQJ )URQW VHDOLQJ IODQJH q PXVW EH SRVLWLRQHG RQ GRZHO VOHHYHV q UHPRYLQJ DQG LQVWDOOLQJ SDJH &\OLQGHU EORFN q UHPRYLQJ DQG LQVWDOOLQJ FUDQNVKDIW &KDSWHU q GLVDVVHPEOLQJ DQG DVVHP EOLQJ SLVWRQV DQG FRQURG &KDSWHU )O\ZKHHO q $VVHPEO\ RQO\ SRVVLEOH LQ RQH SRVLWLRQ KROHV RIIVHW q WR UHPRYH DQG LQVWDOO IO\ ZKHHO VHFXUH ZLWK GHYLFH 03 )LJ LQ SDJH 1P WRUTXH D IXUWKHU WXUQ
SDJH
)LJ
03
7
03
7
6
)LJ
t 5HPRYH WKH 9ULEEHG EHOW &KDSWHU t 5HPRYH WKH WLPLQJ EHOW &KDSWHU t 5HPRYH FUDQNVKDIW WLPLQJ EHOW VSURFNHW /RFN WLPLQJ
EHOW VSURFNHW ZLWK FRXQWHUKROGHU 7 RU 03 1RWH
7
:KHQ VFUHZLQJ RQ WKH FRXQWHUKROGHU 03 SODFH ZDVKHUV EHWZHHQ WKH WLPLQJ EHOW JHDU DQG WKH FRXQWHU KROGHU
03
6
SDJH
t 6FUHZ WKH EROW E\ KDQG LQWR WKH FUDQNVKDIW DV IDU DV t 8QVFUHZ LQQHU SDUW RI WKH JDVNHW ULQJ H[WUDFWRU
WKH VWRS 03 QLQH WXUQV DSSUR[ PP RXW RI WKH RXW HU SDUW DQG ORFN ZLWK NQXUOHG VFUHZ
$
03 SRVLWLRQ DQG IRUFHO\ VFUHZ LQWR WKH JDV NHW ULQJ DV IDU DV SRVVLEOH
,QVWDOOLQJ
7KH VHDOLQJ OLSV RI WKH 37)( VHDO PXVW QRW EH RLOHG RU JUHDVHG 1RWH
t 8VH D FOHDQ FORWK WR UHPRYH RLO UHVLGXHV RQ WKH FUDQN t ,QVHUW EXVKLQJ 7 RQ WKH FUDQNVKDIW VWXE t 6OLGH JDVNHW ULQJ RYHU WKH EXVKLQJ RQWR WKH FUDQNVKDIW
VWXE VKDIW MRXUQDO
03
6
7
6
SDJH
t 3XVK LQ JDVNHW ULQJ ZLWK DVVHPEO\ GHYLFH 7
WHUKROGHU 7 RU 03 DQG EROW 0 [ [ 7 XS WR WKH VWRS
t ,QVWDOO WLPLQJ EHOW JHDU FUDQNVKDIW DQG ORFN ZLWK FRXQ t 7LJKWHQ QHZ VFUHZ IRU WLPLQJ EHOW JHDU FUDQNVKDIW WR t ,QVWDOO WKH WLPLQJ EHOW &KDSWHU t ,QVWDOO WKH 9ULEEHG EHOW &KDSWHU
1P DQG WXUQ D IXUWKHU WXUQ
7
7
6
+DQG GULOO ZLWK SODVWLF EUXVK DWWDFKPHQW 6LOLFRQH VHDODQW ' $
5HPRYLQJ
7
t 5HPRYH WKH 9ULEEHG EHOW &KDSWHU t 5HPRYH WKH WLPLQJ EHOW &KDSWHU t 5HPRYH FUDQNVKDIW WLPLQJ EHOW VSURFNHW /RFN WLPLQJ
EHOW VSURFNHW ZLWK FRXQWHUKROGHU 7 RU 03 1RWH
:KHQ VFUHZLQJ RQ WKH FRXQWHUKROGHU 03 SODFH ZDVKHUV EHWZHHQ WKH WLPLQJ EHOW JHDU DQG WKH FRXQWHU KROGHU
03
t t t t
'UDLQ HQJLQH RLO ,QVSHFWLRQ DQG 0DLQWHQDQFH 5HPRYH RLO SDQ &KDSWHU 8QVFUHZ IURQW VHDOLQJ IODQJH
6
t 8VH D IODW VFUDSHU WR UHPRYH VHDODQW UHVLGXHV RQ WKH t 8VH D URWDWLQJ SODVWLF EUXVK WR UHPRYH VHDODQW UHVL
JUHDVH F\OLQGHU EORFN
5HPRYH VHDOLQJ IODQJH LI QHFHVVDU\ UHOHDVH E\ DSSO\ LQJ VOLJKW EORZV ZLWK D UXEEHUKHDGHG KDPPHU
7KH VHDOLQJ IODQJH PXVW EH LQVWDOOHG ZLWKLQ PLQXWHV DI WHU DSSO\LQJ WKH VLOLFRQH VHDODQW
1RWH
SDJH
' $ DW WKH IURQW PDUNLQJ RI QR]]OH DS SUR[ PP
1
7KH VHDODQW EHDG PXVW QRW EH WKLFNHU WKDQ PP RWKHU ZLVH H[FHVV VHDODQW PD\ JHW LQWR WKH RLO SDQ DQG ORFN WKH VWUDLQHU LQ WKH RLO LQOHW SLSH
:KHQ LQVWDOOLQJ WKH VHDOLQJ IODQJH ZLWK WKH JDVNHW ULQJ ILW WHG XVH WKH EXVKLQJ 7
1RWH
$
7LJKWHQLQJ WRUTXH 1P
t ,QVWDOO WKH WLPLQJ EHOW &KDSWHU t ,QVWDOO WKH 9ULEEHG EHOW &KDSWHU
7
6
SDJH
SDJH
1P WRUTXH D IXUWKHU WXUQ q UHSODFH )LW SLQ q &KHFNLQJ SURMHFWLRQ IURP FUDQNVKDIW )LJ LQ SDJH &UDQNVKDIW q $[LDO FOHDUDQFH IRU QHZ SDUW e PP ZHDU OLPLW PP q &UDQNVKDIW GLPHQVLRQV &UDQNVKDIW EHDULQJ MRXUQDO PP &RQURG EHDULQJ MRXUQDO PP 6WRS GLVF q IRU F\OLQGHU EORFN EHDULQJ
1P WRUTXH D IXUWKHU WXUQ q UHSODFH q WLJKWHQ WKUHDG %HDULQJ FDSV q EHDULQJ FDS RQ WKH EHOW SXOOH\ VLGH q EHDULQJ FDS ZLWK UHFHVVHV IRU WKUXVW ZDVKHUV q UHWDLQLQJ OXJV RI WKH EHDULQJ VKHOOV RI WKH F\OLQGHU EORFN EHDULQJ FDS PXVW EH RQ WRS RI RQH DQRWKHU %HDULQJ VKHOO q IRU EHDULQJ FDS ZLWKRXW OXEUL FDWLQJ JURRYH q IRU F\OLQGHU EORFN ZLWK OXEUL FDWLQJ JURRYH 6WRS GLVF q IRU EHDULQJ FDS q SD\ DWWHQWLRQ WR ORFDWLQJ HOH PHQW 5RWRU q IRU HQJLQH VSHHG VHQGHU *
SDJH
)LJ &KHFNLQJ SURMHFWLRQ RI ILW SLQ IURP FUDQN VKDIW
6SHFLDO WRROV WHVW DQG PHDVXULQJ HTXLSPHQW DQG DX[LOLDU\ LWHPV UHTXLUHG
'HSWK JDXJH
7HVW VHTXHQFH
1
SDJH
2FWDYLD O N: 7', (QJLQH 0HFKDQLFV %HDULQJ VKHOO q FKHFN ILWWLQJ SRVLWLRQ q QRWH WKH GLIIHUHQW YHUVLRQ 7RS EHDULQJ VKHOO RQ SLVWRQ VLGH LV VXEMHFW WR OHVV VWUHVV 'LVWLQJXLVKLQJ IHDWXUH %ODFN VWUHDN RQ ZRUNLQJ VXUIDFH FORVH WR VHSDUDWLRQ FXW q LQVHUW EHDULQJ VKHOO LQ WKH PLGGOH RI WKH FRQURG EHDULQJ FDS q GR QRW PL[ XS XVHG EHDULQJ VKHOOV PDUN q FKHFN IRU FRUUHFW ILWWLQJ q $[LDO FOHDUDQFH ZHDU OLPLW PP &\OLQGHU EORFN q &\OLQGHU PP q ,QVSHFWLQJ F\OLQGHU ERUH )LJ LQ SDJH &RQURG EHDULQJ FDS q FKHFN ILWWLQJ SRVLWLRQ 2LO LQMHFWLRQ QR]]OH q IRU SLVWRQ FRROLQJ q QRWH WKH 63 1R ULJKWDQJOH EHQG 1P q UHSODFH ZLWKRXW VHDODQW &RQURG EROW 1P WRUTXH D IXUWKHU WXUQ q UHSODFH q RLO WKUHDG DQG KHDG FRQWDFW VXUIDFH
)LJ
6SHFLDO WRROV WHVW DQG PHDVXULQJ HTXLSPHQW DQG DX[LOLDU\ LWHPV UHTXLUHG
)HHOHU JDXJH
7HVW VHTXHQFH
WRS WKURXJK WR WKH ERWWRP F\OLQGHU RSHQLQJ DERXW PP IURP WKH F\OLQGHU HGJH 7R LQVHUW XVH SLVWRQ ZLWK RXW ULQJV QHZ PP :HDU OLPLW PP
SDJH
)LJ ,QVSHFW SLVWRQ ULQJ HQG FOHDUDQFH 6SHFLDO WRROV WHVW DQG PHDVXULQJ HTXLSPHQW DQG DX[LOLDU\ LWHPV UHTXLUHG
)HHOHU JDXJH
e e
e
W "%'&
)LJ
6SHFLDO WRROV WHVW DQG PHDVXULQJ HTXLSPHQW DQG DX[LOLDU\ LWHPV UHTXLUHG
,QWHUQDO SUHFLVLRQ PHDVXULQJ LQVWUXPHQW WR PP
'R QRW PHDVXUH WKH F\OLQGHU ERUH LI WKH F\OLQGHU EORFN LV IL[HG WR WKH DVVHPEO\ VWDQG ZLWK WKH HQJLQH PRXQW 03 DV WKLV PD\ UHVXOW LQ LQFRUUHFW PHDVXUH PHQWV
)LJ
6SHFLDO WRROV WHVW DQG PHDVXULQJ HTXLSPHQW DQG DX[LOLDU\ LWHPV UHTXLUHG
H J HOHFWULF VW\OXV
3URFHGXUH
SDJH
2FWDYLD O N: 7', (QJLQH 0HFKDQLFV /DUJH SLVWRQ UHOLHI IRU LQOHW YDOYH WR EHOW SXOOH\ VLGH DU URZV 1RWH
3LVWRQV LQ F\OLQGHUV DQG ,GHQWLILFDWLRQ 3LVWRQV LQ F\OLQGHUV DQG ,GHQWLILFDWLRQ
3URFHGXUH
WKH SLVWRQ SURMHFWLRQ DW 7'& 'HSHQGLQJ RQ WKH SLVWRQ SURMHFWLRQ ILW WKH UHOHYDQW F\OLQGHU KHDG VHDO LQ DFFRUG DQFH ZLWK WKH WDEOH EHORZ 0DUNLQJ RI ERUH
3LVWRQ SURMHFWLRQ RYHU F\OLQ GHU EORFN WRS VLGH PPe PP PPe PP PPe PP )LJ
DUURZ
&\OLQGHU KHDG VHDOV RI GLIIHUHQW WKLFNQHVVHV DUH ILWWHG GH SHQGLQJ RQ WKH SLVWRQ SURMHFWLRQ IURP WKH F\OLQGHU EORFN ,I RQO\ WKH JDVNHW LV UHSODFHG WKHQ LW PXVW EH UHSODFHG ZLWK D JDVNHW ZLWK WKH VDPH PDUNLQJ
1RWH
SDJH
SDJH
6XPPDU\ RI FRPSRQHQWV
5HPRYLQJ DQG LQVWDOOLQJ WRRWKHG EHOW &KDS 7HVWLQJ FRPSUHVVLRQ SUHVVXUH SDJH 1RWH
:KHQ LQVWDOOLQJ DQ H[FKDQJH F\OLQGHU KHDG ZLWK WKH FDPVKDIW LQVWDOOHG LW LV QHFHVVDU\ WR RLO WKH FRQWDFW VXUIDFHV 'R QRW UHPRYH WKH SODVWLF FRYHUV VXSSOLHG DV D SURWHFWLRQ IRU WKH RSHQ YDOYHV XQWLO MXVW EHIRUH ILWWLQJ RQ WKH F\OLQGHU ,I WKH F\OLQGHU KHDG LV UHSODFHG WKH HQWLUH FRRODQW PXVW EH UHSODFHG
KHDG
&\OLQGHU KHDG FRYHU q EHIRUH ILWWLQJ RQ WKRURXJKO\ FOHDQ VHDOLQJ VXUIDFH ZLWK D FOHDQ FORWK 3UHVVXUH FRQWURO YDOYH q IRU FUDQNFDVH EOHHG WR WXUERFKDUJHU &ORVLQJ FRYHU q UHSODFH VHDO LI GDPDJHG 6HDOLQJ FXS q UHSODFH LI GDPDJHG %ROW ZLWK JXLGH VOHHYH 1P q WLJKWHQ DOO EROWV ILUVW RI DOO E\ KDQG *DVNHW IRU F\OLQGHU KHDG FRY HU q UHSODFH LI GDPDJHG 1P q UHSODFH /LIWLQJ H\H &HQWUDO SOXJ FRQQHFWLRQ q IRU XQLW LQMHFWLRQ 1P IURP EUDNH VHUYR XQLW 7DQGHP SXPS q IRU IXHO DQG YDFXXP VXSSO\ q UHPRYLQJ DQG LQVWDOOLQJ &KDS q LQVSHFWLQJ &KDS 1P LQWDNH KRVH q IURP IXHO ILOWHU &KDS q ZKLWH PDUNLQJ q FKHFN WLJKWQHVV q VHFXUH ZLWK VSULQJ EDQG FODPV
(GLWLRQ 6
5
SDJH
5HWXUQIORZ KRVH q WR IXHO ILOWHU &KDS q EOXH PDUNLQJ q FKHFN WLJKWQHVV q VHFXUH ZLWK VSULQJ EDQG FODPV *DVNHW q UHSODFH 1P &RQLFDO EROW 1P %UDFNHW q HQJLQH WULP SDQHO /LIWLQJ H\H q ZLWK HQJLQH WULP SDQHO KROGHU %UDFNHW q FRRODQW KRVH &\OLQGHU KHDG JDVNHW q UHSODFH q SD\ DWWHQWLRQ WR PDUNLQJ &KDS 1P &\OLQGHU KHDG q FKHFN IRU GLVWRUWLRQ )LJ LQ SDJH q UHPRYLQJ DQG LQVWDOOLQJ SDJH q DIWHU UHSODFLQJ ILOO HQWLUH V\VWHP ZLWK IUHVK FRRODQW *ORZ SOXJ q 1P q WHVWLQJ OWU N: 7', (QJLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U 8QLW LQMHFWRU q UHPRYLQJ DQG LQVWDOOLQJ OWU N: 7', (QJLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U &\OLQGHU KHDG EROW q UHSODFH q SD\ DWWHQWLRQ WR VSHFLILHG RUGHU ZKHQ VODFNHQLQJ DQG WLJKWHQLQJ SDJH q LI EHDULQJ FDSV RI WKH FDPVKDIW DUH UHPRYHG LQVHUW VSHFLDO EDVHV LQWR WKH F\OLQGHU EORFN EHIRUH LQVWDOOLQJ WKH F\OLQGHU KHDG EROWV &KDS )LJ ,QVSHFWLQJ F\OLQGHU KHDG IRU GLVWRUWLRQ
)HHOHU JDXJH
6SHFLDO WRROV WHVW DQG PHDVXULQJ HTXLSPHQW DQG DX[LOLDU\ LWHPV UHTXLUHG
.QLIHHGJH VWUDLJKWHGJH
SDJH
5HPRYLQJ
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
'HWDFK IXHO KRVHV IURP IXHO SLSHV DW F\OLQGHU KHDG 'HWDFK FRRODQW KRVHV IURP F\OLQGHU KHDG WKH IXHO IURP WKH UHWXUQIORZ KRVH RI WKH WDQGHP SXPS &KDS WR WKH VLGH ZLWK KRVHV FRQQHFWHG OWU N: 7', (QJLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U IRU FKDUJH SUHVVXUH FRQWURO VXSSRUW GRZQ DOO XQEROW WKH FKDUJH DLU OLQH IURP WKH EUDFNHW DW WKH ERWWRP RI WKH HQJLQH &KDS FRQYHUWHU &KDS 5HS *U 7', (QJLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U QLWLRQ RII WR WKH FRGLQJ GHWHUPLQH LI QHFHVVDU\
5
SDJH
8QEROW RLO IHHG OLQH DW WKH EUDFNHWV IRU RLO ILOWHU WXUER 8QSOXJ FRQQHFWRU IURP FRRODQW WHPSHUDWXUH VHQGHU 6HSDUDWH YDFXXP KRVH IURP WKH WDQGHP SXPS 5HPRYLQJ WKH WRRWKHG EHOW &KDS 7XUQ WKH FUDQNVKDIW EDFN VOLJKWO\ RXW RI WKH 7'& SRVL 5HPRYH WKH FDPVKDIW WLPLQJ JHDU DQG WKH KXE 5HPRYLQJ FDPVKDIW SRVLWLRQ VHQVRU * DQG $IWHU HQJLQH VXSSRUW LV UHPRYHG VFUHZ EUDFNHW
WRRWKHG EHOW JXDUG DW UHDU &KDS 7 ZLWK VSULQJ ORFN $ LQWR WKH WKUHDGHG KROH DW IURQW LQ WKH WRS SDUW RI FRRODQW SXPS DQG WDNH XS ZHLJKW RI HQJLQH ZLWK ZRUNVKRS FUDQH % &KDS WLRQ LWHP LQ SDJH * FKDUJHU DQG IURP WKH PRXQWV
/2 # $
6
5
5HPRYH VXSSRUWLQJ GHYLFH 03 6ODFNHQ F\OLQGHU KHDG EROWV LQ WKH VSHFLILHG RUGHU DQG &DUHIXOO\ UHPRYH WKH F\OLQGHU KHDG
$ VHFRQG SHUVRQ LV UHTXLUHG IRU WDNLQJ RII DQG ILWWLQJ RQ WKH F\OLQGHU KHDG 1RWH XQVFUHZ
,QVWDOOLQJ
$OZD\V UHSODFH WKH F\OLQGHU KHDG EROWV
1RWH
10
2
N15-0026
7KHUH PXVW QRW EH DQ\ RLO RU FRRODQW SUHVHQW LQ WKH 5HPRYH WKH QHZ F\OLQGHU KHDG VHDO IURP LWV ZUDSSLQJ &DUHIXOO\ UHPRYH DQ\ JDVNHW UHVLGXHV ZKHQ FDUU\LQJ
RXW UHSDLUV :KHQ GRLQJ WKLV HQVXUH WKDW QR VFRUHV RU VFUDWFKHV DUH SURGXFHG :KHQ XVLQJ HPHU\ SDSHU WKH JUDLQ PXVW QRW EH OHVV WKDQ ZLOO UHVXOW LQ OHDNV WKH 7'& PDUNLQJ
7UHDW WKH QHZ VHDO ZLWK WKH XWPRVW FDUH $Q\ GDPDJH
%HIRUH ILWWLQJ RQ WKH F\OLQGHU KHDG URWDWH FUDQNVKDIW WR 7XUQ WKH FUDQNVKDIW LQ RSSRVLWH GLUHFWLRQ RI URWDWLRQ RI &KHFN ZKHWKHU ERWK UROO SLQV LQWHQGHG IRU WKH OLQHV )LW RQ QHZ F\OLQGHU KHDG JDVNHW 7H[W SDUW QXPEHU
PXVW EH YLVLEOH
5
HQJLQH WR WKH SRLQW ZKHUH DOO WKH SLVWRQV DUH DW WKH VDPH OHYHO EHIRUH 7'& DW WKH F\OLQGHU KHDG DUH LQVHUWHG LQWR WKH F\OLQGHU EORFN LQVHUW LI QHFHVVDU\
SDJH
)LW RQ F\OLQGHU KHDG LQVHUW DOO WKH F\OLQGHU KHDG EROWV 7LJKWHQ F\OLQGHU KHDG LQ IRXU VWDJHV LQ WKH IROORZLQJ
3UHWHQVLRQ ZLWK WRUTXH ZUHQFK 6WDJH , 1P 6WDJH ,, 1P 7LJKWHQ IXUWKHU ZLWK D ULJLG ZUHQFK 6WDJH ,,, 6WDJH ,9
WXUQ WXUQ
10
VSURFNHW UHVSHFWLYHO\ URWDWH FDPVKDIW VR WKDW WKH FDPV RI F\OLQGHU IDFH XS
9
V15 - 0738
7HVWLQJ FRPSUHVVLRQ
7HVW FRQGLWLRQ
7HVW VHTXHQFH
5HPRYH WKH QRLVH LQVXODWLRQ 5HPRYH WKH FHQWUDO SOXJ FRQQHFWLRQ IRU XQLW LQMHFWRU
6FUHZ LQ DGDSWHUV 9$* RQH DIWHU WKH RWKHU LQ SODFH RI WKH JORZ SOXJV
8#)
8#)
<[N
DCT
`xupq
24+06
V5A%&!
0
SDJH
1HZ HQJLQH EDU 03D :HDU OLPLW EDU 03D 3UHVVXUH GLIIHUHQFH EHWZHHQ F\OLQGHUV PD[ EDU 03D
,QVWDOO JORZ SOXJV ZLWK IOH[LEOHKHDG ZUHQFK ,QWHUURJDWH IDXOW PHPRU\ DQG HUDVH OWU N:
7', (QJLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U 1RWH 7LJKWHQLQJ WRUTXH 1P
)DXOWV DUH VWRUHG DV D UHVXOW RI VHSDUDWLQJ WKH SOXJ FRQ QHFWLRQ WR WKH XQLW LQMHFWRU
SDJH
1RWH
&\OLQGHU KHDGV ZLWK FUDFNV EHWZHHQ WKH YDOYH VHDWV PD\ FRQWLQXH WR EH XVHG ZLWKRXW DQ\ UHGXFWLRQ LQ OLIH SURYLGHG WKHVH DUH VOLJKW LQFLSLHQW FUDFNV ZKLFK DUH QRW PRUH WKDQ PP ZLGH 1P WRUTXH D IXUWKHU WXUQ q UHSODFH 5RFNHU DUP VXSSRUW q UHPRYLQJ DQG LQVWDOOLQJ OWU N: 7', (Q JLQH )XHO ,QMHFWLRQ DQG ,JQL WLRQ 6\VWHP 5HS *U &\OLQGHU KHDG EROW q SD\ DWWHQWLRQ WR VHTXHQFH IRU VODFNHQLQJ DQG WLJKWHQLQJ &KDS q EHIRUH LQVWDOOLQJ LQVHUW ZDVKHUV LWHP LQWR WKH F\OLQGHU KHDG :DVKHU q IRU F\OLQGHU KHDG VFUHZV q EHIRUH LQVWDOOLQJ WKH EHDULQJ FDS LQVHUW LQWR WKH F\OLQGHU KHDG %XFNHW WDSSHWV q GR QRW LQWHUFKDQJH q ZLWK K\GUDXOLF YDOYH FOHDU DQFH FRPSHQVDWLRQ q OD\ DVLGH ZLWK FRQWDFW VXU IDFH IDFLQJ GRZQ q EHIRUH LQVWDOOLQJ FKHFN D[LDO SOD\ RI WKH FDPVKDIW )LJ LQ SDJH q RLO FRQWDFW VXUIDFH q EHIRUH UHPRYLQJ WDNH RII 0 FDPVKDIW EHDULQJ VKHOO &ROOHWV 9DOYH VSULQJ UHWDLQHU 2XWHU YDOYH VSULQJ q UHPRYLQJ DQG LQVWDOOLQJ &\OLQGHU KHDG UHPRYHG &KDS &\OLQGHU KHDG LQVWDOOHG &KDS ,QQHU YDOYH VSULQJ q UHPRYLQJ DQG LQVWDOOLQJ &\OLQGHU KHDG UHPRYHG &KDS &\OLQGHU KHDG LQVWDOOHG &KDS 9DOYH VWHP VHDO q UHSODFLQJ &KDS 9DOYH JXLGH q LQVSHFWLQJ &KDS q LI WKH ZHDU OLPLW LV H[FHHG UHSODFH F\OLQGHU KHDG 8QLW LQMHFWRU q UHPRYLQJ DQG LQVWDOOLQJ OWU N: 7', (QJLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U
(GLWLRQ 6 5HSDLULQJ YDOYH JHDU
SDJH
&\OLQGHU KHDG q SD\ DWWHQWLRQ WR QRWH SDJH q UHPRYLQJ DQG LQVWDOOLQJ &KDS 37)( JDVNHW ULQJ q GR QRW OXEULFDWH DQG GR QRW RLO VHDOLQJ OLS RI 37)( VHDO q EHIRUH LQVWDOOLQJ UHPRYH JUHDVH UHVLGXHV RQ WKH FDPVKDIW MRXUQDO ZLWK D FOHDQ FORWK q EHIRUH ILWWLQJ RQ IL[ LQ SODFH WKH JURRYH DW WKH FDPVKDIW FRQH ZLWK DGKHVLYH WDSH H J ZLWK 6HOORWDSH q UHPRYLQJ DQG LQVWDOOLQJ &KDS 9DOYHV q YDOYH GLPHQVLRQV )LJ LQ SDJH %HDULQJ VKHOO q GR QRW PL[ XS XVHG EHDULQJ VKHOOV PDUN q HQVXUH WKH UHWDLQLQJ OXJV DUH FRUUHFWO\ ORFDWHG LQ WKH EHDULQJ FDSV DQG LQ F\OLQGHU KHDG &DPVKDIW q LQVSHFWLQJ D[LDO SOD\ )LJ LQ SDJH q UHPRYLQJ DQG LQVWDOOLQJ &KDS q FKHFN UDGLDO FOHDUDQFH ZLWK 3ODVWLJDJH q :HDU OLPLW PP q VODFN PD[ PP q ,GHQWLILFDWLRQ )LJ LQ SDJH %HDULQJ FDSV q )LWWLQJ VHTXHQFH &KDS q VHDO FRQWDFW VXUIDFH RI EHDULQJ FDSV DQG ZLWK VHDODQW $09 )LJ LQ SDJH 1P WRUTXH D IXUWKHU WXUQ q UHSODFH
)LJ
6SHFLDO WRROV WHVW DQG PHDVXULQJ HTXLSPHQW DQG DX[LOLDU\ LWHPV UHTXLUHG
8QLYHUVDO GLDO LQGLFDWLQJ JDXJH 03 'LDO JDXJH
/2
3HUIRUP PHDVXUHPHQW ZLWK WKH EXFNHW WDSSHWV UHPRYHG DQG WKH ILUVW WKLUG DQG ODVW EHDULQJ FDS ILWWHG :HDU OLPLW PD[ PP
5
SDJH
2FWDYLD O N: 7', (QJLQH 0HFKDQLFV )LJ 6HDO FRQWDFW VXUIDFH RI EHDULQJ FDSV DQG ZLWK VHDODQW $09
H# %
)LJ
9DOYH GLPHQVLRQV
9DOYHV PXVW QRW EH UHZRUNHG 2QO\ JULQGLQJ LQ LV SHUPLV VLEOH 'L PHQ VLRQ D E F a )LJ
1RWH
PP
PP
PP
&DPVKDIW LGHQWLILFDWLRQ
%DVH FLUFOH RI FDP D
&\OLQGHU DUURZ
,QOHW YDOYH
2XWOHW YDOYH
H# #&
SDJH
SDJH
&DPVKDIW
5HPRYLQJ
8QVFUHZ EROWV DWWDFKLQJ FDPVKDIW VSURFNHW 7DNH FDPVKDIW VSURFNHW RII WKH KXE 8VH FRXQWHUKROGHU 7 WR VODFNHQ WKH EROW DW WDFKLQJ WKH KXE 5HPRYLQJ WKH WRRWKHG EHOW &KDS
0
6
0
)LW RQ SXOOLQJ GHYLFH 7 DQG FHQWUH KXE KROHV 'HWDFK KXE IURP WDSHU RI FDPVKDIW E\ HYHQO\ WLJKWHQ
LQJ WKH SXOOLQJ GHYLFH 1RWH
6
5HPRYH KXE IURP WDSHU RI FDPVKDIW 5HPRYH F\OLQGHU KHDG FRYHU 5HPRYH URFNHU DUP VXSSRUW OWU N: 7', 5HPRYH WDQGHP SXPS &KDS )LUVW UHPRYH EHDULQJ FDSV DQG 'HWDFK EHDULQJ
FDSV DQG DOWHUQDWHO\ GLDJRQDOO\ DFURVV (QJLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U
0
&DPVKDIW
SDJH
,QVWDOOLQJ
:KHQ ILWWLQJ WKH FDPVKDIW WKH FDPV RI F\OLQGHU PXVW 'R QRW PL[ XS XVHG EHDULQJ VKHOOV PDUN
1RWH
SRLQW XSZDUGV
:KHQ LQVWDOOLQJ WKH FDPVKDIW HQVXUH LW LV FRUUHFWO\ OR %HIRUH LQVWDOOLQJ WKH EHDULQJ FDS HQVXUH WKDW WKH
FDWHG LQ WKH UHWDLQLQJ OXJV RI WKH EHDULQJ VKHOOV LQ WKH EHDULQJ FDSV DQG LQ WKH F\OLQGHU KHDG ZDVKHUV IRU WKH F\OLQGHU KHDG EROWV DW WKH F\OLQGHU KHDG DUH ILWWHG RQ
2LO WKH FRQWDFW VXUIDFHV RI WKH EHDULQJ VKHOOV 7LJKWHQ EHDULQJ FDSV DQG DOWHUQDWHO\ GLDJRQDOO\
6HDO FRQWDFW VXUIDFH RI EHDULQJ FDSV DQG ZLWK %HDULQJ FDS PXVW EH DOLJQHG ZLWK RXWHU HGJH RI
,QVWDOO FDPVKDIW VHDO SDJH ,QVWDOO URFNHU DUP VXSSRUW OWU N: 7', (Q
F\OLQGHU KHDG DUURZV LI QRW WKLV FDQ UHVXOW LQ OHDNV LQ WKH WDQGHP SXPS
)LW KXE RQWR FDPVKDIW 8VH FRXQWHUKROGHU 7 WR WLJKWHQ WKH EROW DW
WDFKLQJ WKH KXE
5
6
0
SDJH
&DPVKDIW
)LW WKH EROWV DWWDFKLQJ WKH FDPVKDIW VSURFNHW RQ E\ /RFN KXE ZLWK ORFNLQJ SLQ 03 7LJKWHQ EROWV DWWDFKLQJ FDPVKDIW VSURFNHW WR ,QVWDOO WRRWKHG EHOW DQG WHQVLRQ &KDS ,QVWDOO WDQGHP SXPS &KDS
$IWHU LQVWDOOLQJ QHZ EXFNHW WDSSHWV WKH HQJLQH PXVW QRW EH VWDUWHG IRU DERXW PLQXWHV 7KH K\GUDXOLF FOHDUDQFH FRPSHQVDWLRQ HOHPHQWV PXVW VHWWOH RWKHUZLVH YDOYHV ZRXOG VWULNH WKH SLVWRQV 1RWH 1P WRUTXH D IXUWKHU WXUQ
MP 1-301
S15-0175
5HPRYLQJ WKH WRRWKHG EHOW &KDS 5HPRYH FDPVKDIW VSURFNHW DQG KXE SDJH 7XUQ LQQHU SDUW RI JDVNHW ULQJ H[WUDFWRU 7 WZR 2LO WKH WKUHDG KHDG RI WKH JDVNHW ULQJ H[WUDFWRU SRVL 6ODFNHQ NQXUOHG VFUHZ DQG WXUQ LQQHU SDUW RI VHDO H[
,QVWDOOLQJ
7KH VHDOLQJ OLSV RI WKH 37)( VHDO PXVW QRW EH RLOHG RU JUHDVHG FORWK 1RWH WLRQ DQG IRUFHO\ VFUHZ LQWR WKH JDVNHW ULQJ DV IDU DV SRVVLEOH WXUQV DSSUR[ PP RXW RI WKH RXWHU SDUW DQG ORFN ZLWK NQXUOHG VFUHZ
5HPRYLQJ
6
5
&DPVKDIW
SDJH
6WLFN RYHU JURRYH RQ FDPVKDIW FRQH ZLWK DGKHVLYH &DUHIXOO\ ILW VHDO RQWR FDPVKDIW ,QVWDOO VHDO ZLWK VHDO LQVWDOODWLRQ WRRO 03 DQG ,QVWDOO FDPVKDIW VSURFNHW DQG KXE SDJH ,QVWDOO WRRWKHG EHOW DQG WHQVLRQ &KDS
EROW 0[ DV IDU DV WKH VWRS WDSH H J ZLWK 6HOORWDSH
/2
5
SDJH
&DPVKDIW
1RWH
OLPLW LV H[FHHGHG UHSHDW PHDVXUHPHQW ZLWK QHZ YDOYHV ,I WKH ZHDU OLPLW LV DJDLQ H[FHHG UHSODFH F\OLQ GHU KHDG
SDJH ,I WKH ZHDU OLPLW LV H[FHHGHG UHSHDW PHDVXUHPHQW ZLWK QHZ YDOYHV ,I WKH ZHDU OLPLW LV DJDLQ H[FHHG UHSODFH F\OLQGHU KHDG SHUPLVVLEOH
,I WKH YDOYH LV UHSODFHG ZKHQ FDUU\LQJ RXW UHSDLU ZRUN XVH D QHZ YDOYH IRU WKH PHDVXUHPHQW
PD[ SHU
0
0LQLPXP GLPHQVLRQ
0HDVXUHG GLVWDQFH
PP
PP PP
,I WKH PD[ SHUPLVVLEOH UHZRUNLQJ GLPHQVLRQ LV PP UH SHDW PHDVXUHPHQW ZLWK D QHZ YDOYH ,I WKH PD[ SHUPLV VLEOH UHZRUNLQJ GLPHQVLRQ LV VWLOO PP UHSODFH F\OLQGHU KHDG
SDJH
,QVSHFWLQJ YDOYH JXLGHV
6SHFLDO WRROV WHVW DQG PHDVXULQJ HTXLSPHQW DQG DX[LOLDU\ LWHPV UHTXLUHG
8QLYHUVDO GLDO JDXJH KROGHU 03 'LDO JDXJH
3URFHGXUH
/2
%HFDXVH RI WKH GLIIHUHQW VWHP GLDPHWHUV RQO\ XVH LQOHW ,I WKH ZHDU OLPLW LV H[FHHGHG UHSHDW PHDVXUHPHQW
ZLWK QHZ YDOYHV ,I WKH ZHDU OLPLW LV DJDLQ H[FHHG UH SODFH F\OLQGHU KHDG XVH D QHZ YDOYH IRU WKH PHDVXUHPHQW
5
5HPRYLQJ FDPVKDIW &KDS 5HPRYH EXFNHW WDSSHWV GR QRW LQWHUFKDQJH DQG OD\ 3RVLWLRQ SLVWRQ RI WKH UHOHYDQW F\OLQGHU WR WRS GHDG ,QVHUW DVVHPEO\ GHYLFH 03 DQG DGMXVW EHDULQJ 5HPRYH YDOYH VSULQJV ZLWK DVVHPEO\ OHYHU DQG WKUXVW
SLHFH 03 1RWH WR VWD\ EROW KHLJKW FHQWUH DVLGH ZLWK WKH FRQWDFW VXUIDFH IDFLQJ GRZQ
5HPRYLQJ
/2
/2
5
SDJH
/2
,QVWDOOLQJ
5
)LW SODVWLF VOHHYH $ RQWR WKH YDOYH VWHP LQ RUGHU WR 2LO YDOYH VWHP VHDO % LQVHUW LQWR WKH LQVHUWLRQ WRRO
1RWH DYRLG GDPDJLQJ WKH QHZ YDOYH VWHP VHDOV 03 DQG FDUHIXOO\ SXVK RQWR WKH YDOYH JXLGH
/2 $ #
FUDQN HQJLQH DW OHDVW UHYROXWLRQV WR HQVXUH WKDW QR YDOYH VWULNHV D SLVWRQ ZKHQ WKH HQJLQH LV VWDUWHG
VWDUWHG IRU DERXW PLQXWHV 7KH K\GUDXOLF FOHDUDQFH FRPSHQVDWLRQ HOHPHQWV PXVW VHWWOH RWKHUZLVH YDOYHV ZRXOG VWULNH WKH SLVWRQV
5
SDJH
SDJH
/XEULFDWLRQ
1RWH
,I FRQVLGHUDEOH TXDQWLWLHV RI PHWDO VZDUI RU DEUDVLRQ LV IRXQG LQ WKH HQJLQH RLO ZKHQ FDUU\LQJ RXW HQJLQH UHSDLUV 7HVWLQJ RLO SUHVVXUH DQG RLO SUHVVXUH VZLWFK &KDSWHU
FDUHIXOO\ FOHDQ WKH RLO JDOOHULHV LQ RUGHU WR DYRLG FRQVHTXHQWLDO GDPDJH DQG DGGLWLRQDOO\ UHSODFH WKH RLO FRROHU
7KH RLO OHYHO PXVW QHYHU H[FHHG WKH dPD[q PDUNLQJ ULVN RI GDPDJH WR FDWDO\WLF FRQYHUWHU
&KHFN WKH HQJLQH RLO DPRXQW RI RLO DQG RLO VSHFLILFDWLRQ ,QVSHFWLRQ DQG 0DLQWHQDQFH 1P 1 1P %UDFNHW q IRU FDEOH WR RLO OHYHO DQG RLO WHPSHUDWXUH VHQGHU 'LSVWLFN q RLO OHYHO PXVW QRW H[FHHG dPD[q PDUNLQJ )LOOHU IXQQHO q UHPRYH IRU H[WUDFWLQJ RLO *XLGH WXEH )LWWLQJ VOHHYH q IRU FHQWHULQJ RLO SXPSF\OLQ GHU EORFN 2ULQJ 24 q UHSODFH 1P 23 ,QWDNH PDQLIROG q FOHDQ VWUDLQHU LI GLUW\ %DIIOH 1P 1P 3 2LO SDQ q EHIRUH LQVWDOOLQJ FRDW ZLWK VLOLFRQH VHDODQW ' $ &KDSWHU 19 *DVNHW 18 q UHSODFH 2LO GUDLQ SOXJ 1P 17 1P 2LO OHYHO DQG RLO WHPSHUDWXUH VHQGHU * q WHVW (OHFWULFDO 6\VWHP 5HS *U *DVNHW q UHSODFH
5 6
26 25 22
27 28
7 8 9
10 21 20 11 12
16 15
14 13
N17-0136
SDJH
2LO SXPS q ZLWK SUHVVXUH UHOLHI YDOYH 03D q EHIRUH LQVWDOOLQJ FKHFN ZKHWKHU ERWK GRZHO VOHHYHV IRU FHQWHULQJ RLO SXPSF\OLQGHU EORFN DUH SUHVHQW q LI WKHUH LV DQ\ VFRULQJ RQ FRQWDFW VXUIDFHV DQG JHDUV UHSODFH 2LO SXPS VSURFNHW q ILWV RQWR RLO SXPS VKDIW LQ RQH SRVLWLRQ RQO\ 1P 1P 6HDOLQJ IODQJH q EHIRUH LQVWDOOLQJ LW PXVW QRW EH GLUW\ q EHIRUH LQVWDOOLQJ FRDW ZLWK VLOLFRQH VHDODQW ' $ &KDSWHU q UHSODFLQJ FUDQNVKDIW VHDO &KDSWHU 2LO SXPS FKDLQ &KDLQ WHQVLRQHU 1P q ZKHQ LQVWDOOLQJ WHQVLRQ DQG DWWDFK 2LO LQMHFWLRQ QR]]OH q IRU SLVWRQ FRROLQJ q SD\ DWWHQWLRQ WR WKH 63 1R ULJKWDQJOH EHQG 1P
SDJH
5 6
5 7 8
1P WRUTXH D IXUWKHU WXUQ q UHSODFH q EHIRUH WLJKWHQLQJ WXUQ LQ E\ 16 KDQG ILUVW 2LO ILOWHU KROGHU 2ULQJ q UHSODFH 2LO IHHG OLQH q WR H[KDXVW WXUERFKDUJHU +ROORZ VFUHZ 1P 15 &DS 1P 14 q VODFNHQ DQG WLJKWHQ ZLWK RLO ILOWHU ZUHQFK 13 2ULQJ 12 q UHSODFH 11 2LO ILOWHU HOHPHQW q LI UHSODFHG ILW QHZ 2ULQJV LWHP &DS 1P *DVNHW q UHSODFH 2LO FRROHU q ZKHQ LQVWDOOLQJ PRYH XS DJDLQVW WKH DQWLWZLVW ORFN LQ GLUHFWLRQ RI WLJKWHQLQJ *DVNHW q UHSODFH q LQVHUW LQWR OXJV RQ RLO FRROHU &DS 1P q ZLWK JDVNHW q GR QRW VODFNHQ RWKHUZLVH UHSODFH 3OXJ VFUHZ q PXVW QRW EH RSHQHG
10
N17-0137
SDJH
SDJH
6SHFLDO WRROV WHVW DQG PHDVXULQJ HTXLSPHQW DQG DX[LOLDU\ LWHPV UHTXLUHG
+LQJHG ZUHQFK 6RFNHW LQVHUW )ODW VFUDSHU +DQG GULOO ZLWK SODVWLF EUXVK DWWDFKPHQW 7RUTXH ZUHQFK
5HPRYLQJ
5HPRYH WKH QRLVH LQVXODWLRQ 'UDLQ HQJLQH RLO ,QVSHFWLRQ DQG 0DLQWHQDQFH 8QSOXJ FRQQHFWRU RI RLO OHYHO DQG RLO WHPSHUDWXUH 8QEROW RLO SDQ
8VH KLQJHG ZUHQFK WR VODFNHQ RLO SDQ EROWV DW IO\ ZKHHO VLGH DQG XQVFUHZ ZLWK VRFNHW LQVHUW 1RWH VHQGHU
8VH D IODW VFUDSHU WR UHPRYH VHDODQW UHVLGXHV RQ WKH 8VH D URWDWLQJ SODVWLF EUXVK WR UHPRYH VHDODQW UHVL &OHDQ VHDOLQJ VXUIDFHV WKH\ PXVW EH IUHH RI RLO DQG
,QVWDOOLQJ JUHDVH GXHV RQ WKH RLO SDQ ZHDU SURWHFWLYH JRJJOHV
7KH RLO SDQ PXVW EH LQVWDOOHG ZLWKLQ PLQXWHV DIWHU DS 8VH ZUHQFK VRFNHW WR LQVHUW WKH RLO SDQ EROWV DW
1RWH
0
7KH VHDODQW EHDG PXVW QRW EH WKLFNHU WKDQ PP RWKHU ZLVH H[FHVV VHDODQW PD\ JHW LQWR WKH RLO SDQ DQG ORFN WKH VWUDLQHU LQ WKH RLO LQOHW SLSH
0
SDJH
$SSO\ VLOLFRQH VHDODQW WR WKH FOHDQ VHDOLQJ VXUIDFH RI
WKH RLO SDQ DV VKRZQ LQ WKH LOOXVWUDWLRQ 1RWH
7DNH SDUWLFXODU FDUH ZKHQ DSSO\LQJ VHDODQW EHDG LQ WKH DUHD RI WKH VHDOLQJ IODQJH DW WKH UHDU DUURZV ORZV
5
:KHQ LQVWDOOLQJ WKH RLO SDQ RQ D UHPRYHG HQJLQH HQ $IWHU LQVWDOOLQJ WKH RLO SDQ DOORZ WKH VHDODQW WR GU\ IRU
VXUH WKDW WKH RLO SDQ HQGV IOXVK DW WKH IO\ZKHHO VLGH ZLWK WKH F\OLQGHU EORFN
SDJH
6SHFLDO WRROV WHVW DQG PHDVXULQJ HTXLSPHQW DQG DX[LOLDU\ LWHPV UHTXLUHG
2LO SUHVVXUH WHVWHU H J 9$* 'LRGH WHVW ODPS HJ 9$* % $GDSWHU FDEOH VHW HJ 9$* $ RU &XUUHQW IORZ GLDJUDP
)XQFWLRQ RI G\QDPLF RLO SUHVVXUH ZDUQLQJ V\VWHP LI RLO SUHVVXUH ORZ 7KH RLO SUHVVXUH VZLWFK LV RSHQHG ZKHQ SUHVVXUHOHVV DQG FORVHG ZKHQ WKH VZLWFKLQJ SUHVVXUH LV UHDFKHG 7KH RLO SUHVVXUH ZDUQLQJ LV DFWLYDWHG IRU DERXW VHF RQGV DIWHU WKH LJQLWLRQ LV VZLWFKHG RQ dWHUPLQDO RQq $FWLYDWLRQ GHOD\ RI RLO SUHVVXUH ZDUQLQJ V\VWHP PD[ VHFRQGV 'HDFWLYDWLRQ GHOD\ RI WKH RLO SUHVVXUH ZDUQLQJ V\VWHP PD[ VHFRQGV 7HVW ZDUQLQJ OLJKW 1RWH
1RW DSSOLFDEOH WR PRGHOV ZLWK D GRW GLVSOD\ $IWHU WKH LJQLWLRQ LV VZLWFKHG RQ DQG HQJLQH QRW UXQQLQJ WKH RLO SUHVVXUH ZDUQLQJ OLJKW LQ WKH GDVK SDQHO LQVHUW PXVW FRPH RQ IRU DERXW VHFRQGV DQG WKHQ JR RXW 7KH FKHFN LV HQGHG ZKHQ WKH HQJLQH LV VWDUWHG :DUQLQJ FULWHULD 7KH YLVXDO RLO SUHVVXUH ZDUQLQJ LV VZLWFKHG RQ RLO SUHV VXUH ZDUQLQJ OLJKW IODVKHV DQG WKH EX]]HU VRXQGV WLPHV DV DQ DXGLEOH ZDUQLQJ LI RQH RI WKH IROORZLQJ FRQGLWLRQV H[LVWV
d,JQLWLRQ RQq HQJLQH QRW UXQQLQJ RLO SUHVVXUH VZLWFK (QJLQH VSHHG JUHDWHU WKDQ USP RLO SUHVVXUH t $W DQ HQJLQH VSHHG JUHDWHU WKDQ USP WKH RLO
VZLWFK RSHQHG FORVHG
SUHVVXUH ZDUQLQJ LV QRW FDQFHOOHG DOVR QRW LI WKH RLO SUHVVXUH VZLWFK LV FORVHG 7KH RLO SUHVVXUH ZDUQLQJ LV FDQFHOOHG RQFH HQJLQH VSHHG LV EHORZ USP VHFRQGV DW DQ HQJLQH VSHHG RI PRUH WKDQ USP WKLV LV VWRUHG LQ WKH GDVK SDQHO LQVHUW ,I WKLV VLWXDWLRQ RFFXUV WLPHV ZKHQ WKH HQJLQH LV UXQQLQJ WKH RLO SUHVVXUH ZDUQLQJ LV LPPHGLDWHO\ DFWLYDWHG DQG LV DOVR QRW FDQFHOOHG RQFH HQJLQH VSHHG LV EHORZ USP 7KH RLO SUHVVXUH ZDUQLQJ LV FDQFHOOHG RQFH WKH RLO SUHVVXUH VZLWFK LV FORVHG IRU PRUH WKDQ VHFRQGV DW DQ HQJLQH VSHHG RI PRUH WKDQ USP RU LI WKH LJQL WLRQ LV VZLWFKHG RII
7HVW FRQGLWLRQV
SDJH
,QVSHFW HQJLQH RLO OHYHO WR HQVXUH WKDW LW LV 2. 2LO SUHVVXUH ZDUQLQJ OLJKW . PXVW FRPH RQ IRU (QJLQH RLO WHPSHUDWXUH DW OHDVW & UDGLDWRU IDQ
PXVW KDYH UXQ DW OHDVW RQFH DERXW VHFRQGV ZKHQ LJQLWLRQ LV VZLWFKHG RQ ,QVSHFWLRQ DQG 0DLQWHQDQFH
7HVW VHTXHQFH
t 8QSOXJ FRQQHFWRU IURP RLO SUHVVXUH VZLWFK t 8QVFUHZ RLO SUHVVXUH VZLWFK DQG VFUHZ LQ RLO SUHVVXUH t 6FUHZ RLO SUHVVXUH VZLWFK LQWR 9$* t &RQQHFW EURZQ FDEOH RI WHVWHU WR HDUWK t &RQQHFW GLRGH WHVW ODPS WR RLO SUHVVXUH VZLWFK DQG
7KH /(' PXVW QRW OLJKW XS WR WKH EDWWHU\ SRVLWLYH WHVWHU HJ 9$*
9$*
t ,I WKH /(' OLJKWV XS UHSODFH WKH RLO SUHVVXUH VZLWFK t 6WDUW HQJLQH DQG VORZO\ LQFUHDVH HQJLQH VSHHG t 7KH /(' PXVW FRPH RQ DW DQ RYHUSUHVVXUH RI
$
EDU e 03D 7KH RLO SUHVVXUH VZLWFK PXVW EH UHSODFHG LI LW GRHV QRW FRPH RQ
SDJH
&RROLQJ
1RWH
:KHQ WKH HQJLQH LV ZDUP WKH FRROLQJ V\VWHP LV XQGHU 7KH KRVH FRQQHFWLRQV DUH VHFXUHG ZLWK VSULQJW\SH $OZD\V UHSODFH VHDOV DQG JDVNHW ULQJV
ZLWKRXW DOORZLQJ WKHP WR WRXFK RWKHU FRPSRQHQWV SD\ DWWHQWLRQ WR PDUNLQJ RQ FRRODQW FRQQHFWLRQ DQG RQ KRVH
3 4 7 8
G1 2
19
18 17
9 10
16
13
8 11
14
5 11 8
12
15 5 8 12
S19-0103
SDJH
7KHUPRVZLWFK IRU UDGLDWRU IDQ ) 1P q 6ZLWFKLQJ WHPSHUDWXUHV VWVWDJH RQ & RII & QGVWDJH RQ & RII & %RWWRP UDGLDWRU EHDULQJ q EODFN 1P 7RS UDGLDWRU EHDULQJ q ZKLWH
7 6 11 8 9 12 13 3 10 14 15
1 3 2 17 3 1 1 21 20 3 19
S19-0101
16
18
SDJH
2FWDYLD O N: 7', (QJLQH 0HFKDQLFV WR ERWWRP UDGLDWRU &RQQHFWLRQ ILWWLQJ q WR FRRODQW WKHUPRVWDW &RRODQW WKHUPRVWDW q UHPRYLQJ DQG LQVWDOOLQJ &KDS 2LO FRROHU q UHPRYLQJ DQG LQVWDOOLQJ &KDS
10
5 4 3 11
2 1
12
S19-0100
SDJH
SDJH
5HPRYLQJ
$OZD\V UHSODFH VHDOV DQG JDVNHW ULQJV 1RWH
'UDLQ FRRODQW ,QVSHFWLRQ DQG 0DLQWHQDQFH 5HPRYLQJ WKH WRRWKHG EHOW &KDS 8QVFUHZ EROWV DWWDFKLQJ FRRODQW SXPS DQG FDUHIXO
O\ UHPRYH FRRODQW SXPS
,QVWDOOLQJ
7KH LQVWDOODWLRQ RFFXUV LQ UHYHUVH RUGHU ZKLOH SD\LQJ DW WHQWLRQ WR WKH IROORZLQJ
0
&OHDQ VHDOLQJ VXUIDFH IRU 2ULQJ 0RLVWHQ QHZ 2ULQJ ZLWK FRRODQW DQG ILW RQWR FRRO 3RVLWLRQ WKH FRRODQW SXPS LQ WKH F\OLQGHU EORFN DQG
WLJKWHQ WKH IL[LQJ VFUHZV 7LJKWHQLQJ WRUTXH 1P 1RWH DQW SXPS
SDJH
5HPRYLQJ
$OZD\V UHSODFH VHDOV DQG JDVNHW ULQJV 1RWH
'UDLQ FRRODQW ,QVSHFWLRQ DQG 0DLQWHQDQFH 5HPRYH YDFXXP UHVHUYRLU 'HWDFK FRRODQW KRVH IURP FRQQHFWLRQ
8QVFUHZ EROWV DWWDFKLQJ FRQQHFWLRQ DQG UHPRYH FRQQHFWLRQV WRJHWKHU ZLWK FRRODQW WKHUPRVWDW
4 3 2 1
S19-0099
,QVWDOOLQJ
&DUU\ RXW WKH LQVWDOODWLRQ LQ WKH VDPH ZD\ LQ UHYHUVH RU GHU 3D\ DWWHQWLRQ WR WKH IROORZLQJ
&OHDQ VHDOLQJ VXUIDFH IRU 2ULQJ 0RLVWHQ QHZ 2ULQJ ZLWK FRRODQW DQG ILW RQWR FRQ ,QVHUW FRRODQW WKHUPRVWDW LQWR FRQQHFWLRQ DQG
WXUQ WXUQ WR WKH ULJKW 1RWH QHFWLRQ
4 3 2 1
S19-0099
&RRODQW WKHUPRVWDW DUPV PXVW EH SUDFWLFDOO\ YHUWLFDO LQWR WKH F\OLQGHU EORFN 7LJKWHQLQJ WRUTXH 1P
,QVHUW FRQQHFWLRQ WRJHWKHU ZLWK FRRODQW WKHUPRVWDW 7LJKWHQ VHFXULQJ EROWV
SDJH
)XHO VXSSO\
5HPRYLQJ DQG LQVWDOOLQJ SDUWV RI WKH IXHO VXSSO\ V\VWHP
OWU N: 7', (QJLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U
5HPRYLQJ
3D\ DWWHQWLRQ WR UXOHV IRU FOHDQOLQHVV OWU N: 7', (QJLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U 1RWH
)XHO FRROHU LV ORFDWHG DW WKH UHWXUQIORZ OLQH WR WKH IXHO WDQN ,W LV DWWDFKHG WR WKH XQGHUIORRU RI WKH ERG\
7DNH RII FRYHU $ 6HSDUDWH IXHO OLQH DW IXHO FRROHU 8QVFUHZ VHFXULQJ EROWV DUURZV
,QVWDOOLQJ
&DUU\ RXW WKH LQVWDOODWLRQ LQ WKH VDPH ZD\ LQ UHYHUVH RU GHU 3D\ DWWHQWLRQ WR WKH IROORZLQJ
7LJKWHQ QXWV DWWDFKLQJ IXHO FRROHU WR 1P
0
SDJH
,QVSHFWLQJ WDQGHP SXPS
6SHFLDO WRROV WHVW DQG PHDVXULQJ HTXLSPHQW DQG DX[LOLDU\ LWHPV UHTXLUHG
9HKLFOH V\VWHP WHVWHU 9$* 7RUTXH ZUHQFK 'LDJQRVWLF FDEOH 9$* $ % & 3UHVVXUH JDXJH HJ 9$6
7HVW FRQGLWLRQV
7KH FRRODQW WHPSHUDWXUH PXVW EH DW OHDVW & 8QLW LQMHFWRU PXVW EH LQ SURSHU RUGHU )XHO ILOWHU DQG IXHO OLQH PXVW QRW EH EORFNHG
0
&RQQHFW SUHVVXUH JDXJH HJ 9$6 DV VKRZQ &RQQHFW YHKLFOH V\VWHP WHVWHU 9$* DQG VH
OHFW DGGUHVV ZRUG (QJLQH HOHFWURQLFV 7KH HQJLQH PXVW EH LGOLQJ IRU WKLV VWHS OWU N: 7', (Q JLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U
8#5
0
6HOHFW IXQFWLRQ
5HDGRXW RQ GLVSOD\
IRU 5HDGLQJ PHDVXUHG YDOXH EORFN DQG FRQILUP WKH HQWU\ ZLWK WKH NH\ 4 IRU GLVSOD\ JURXS QXPEHU DQG FRQILUP WKH HQWU\ ZLWK WKH NH\ 4
9HKLFOH V\VWHP WHVW 6HOHFW IXQFWLRQ ;; 5HDGLQJ PHDVXUHG YDOXH EORFN (QWHU GLVSOD\ JURXS QXPEHU
+(/3
5HDGRXW RQ GLVSOD\
6HOHFW IXQFWLRQ
;;;
SDJH
2FWDYLD O N: 7', (QJLQH 0HFKDQLFV 5HDGRXW LQ GLVSOD\ GLVSOD\ EORFNV
5HDGLQJ PHDVXUHG YDOXH EORFN !
5HDG RII LGOH VSHHG YDOXH LQ GLVSOD\ EORFN 7KH HQJLQH VSHHG PXVW LQFUHDVH WR PRUH WKDQ 2EVHUYH WKH SUHVVXUH LQGLFDWHG DW WKH SUHVVXUH
JDXJH 6SHFLILHG YDOXH DW OHDVW EDU 03D ,I WKH VSHFLILHG YDOXH LV QRW UHDFKHG USP
8#)
5HPRYLQJ
6HSDUDWH IHHG KRVH PDUNHG LQ ZKLWH DQG UHWXUQ &RQQHFW KDQG YDFXXP SXPS 9$* ZLWK
WKHU IXHO IORZV RXW RI WKH UHWXUQIORZ KRVH IORZ KRVH PDUNHG LQ EOXH IURP WKH IXHO ILOWHU EOHHGHU WDQN 9$* WR UHWXUQIORZ KRVH
8#)
5
6HSDUDWH YDFXXP KRVH IRU EUDNH VHUYR XQLW IURP 6HSDUDWH IHHG KRVH PDUNHG LQ ZKLWH DW WKH WDQ 8QVFUHZ VHFXULQJ EROWV DUURZV 5HPRYH WDQGHP SXPS IURP F\OLQGHU KHDG 6ZLYHO WDQGHP SXPS XS VHSDUDWH UHWXUQIORZ
,QVWDOOLQJ
0
7KH LQVWDOODWLRQ RFFXUV LQ UHYHUVH RUGHU ZKLOH SD\LQJ DW WHQWLRQ WR WKH IROORZLQJ
SDJH
1RWH
(QVXUH WKH FRXSOLQJWDQGHP SXPS LV FRUUHFWO\ LQVHUW $OZD\V UHSODFH WKH JDVNHW RI WKH WDQGHP SXPS
&RQQHFW UHWXUQIORZ KRVH PDUNHG LQ EOXH WR UHWXUQ ,QVWDOO WDQGHP SXPS DQG WLJKWHQ WKH EROWV DWWDFKLQJ LW 7LJKWHQ WKH EROWV DWWDFKLQJ LW WR WKH ERWWRP WR 1P &RQQHFW IHHG KRVH PDUNHG LQ ZKLWH WR FRQQHFWLRQ RI &RQQHFW IHHG KRVH PDUNHG LQ ZKLWH WR IXHO ILOWHU &RQQHFW KDQG YDFXXP SXPS HJ 9$* WR %XLOG XS SUHVVXUH LQ KDQG YDFXXP SXPS XQWLO IXHO
IORZV RXW RI WKH UHWXUQIORZ KRVH JHWKHU ZLWK ZDWHU GUDLQ WDQN HJ 9$* WR UHWXUQIORZ KRVH PDUNHG LQ EOXH RI IXHO ILOWHU KRVH DQG WR YDFXXP KRVH RI EUDNH VHUYR XQLW WR WDQ GHP SXPS WR WKH WRS WR 1P IORZ FRQQHFWLRQ RI WDQGHP SXPS
8#)
8#)
5
SDJH
SDJH
SDJH
7XUERFKDUJLQJ
&KDUJH DLU V\VWHP ZLWK WXUERFKDUJHU ,
7KH KRVH FRQQHFWLRQV DUH VHFXUHG ZLWK FODPSV &KDUJH DLU V\VWHP PXVW EH IUHH RI OHDNV $OZD\V UHSODFH VHOIORFNLQJ QXWV
([KDXVW PDQLIROG q ZLWK H[KDXVW WXUERFKDUJHU q PXVW EH UHSODFHG FRPSOHWHO\ ,QGXFWLRQ SLSH )URP FKDUJH DLU FRROHU *DVNHW q UHSODFH 1P *DVNHW q &KHFN ILWWLQJ SRVLWLRQ :DVKHU 1P q UHSODFH q 0RLVWHQ VWXG EROWV ZLWK * $ )URP DLU ILOWHU 7R FKDUJH DLU FRROHU 3UHVVXUH ER[ q IRU FKDUJH SUHVVXUH FRQWURO q SDUW RI WXUERFKDUJHU FDQQRW EH UHSODFHG VHSDUDWHO\ 6KLHOG %UDFNHW q ([KDXVW WXUERFKDUJHU F\OLQ GHU EORFN 1P 1P 6HDO q UHSODFH &RQQHFWLRQ ILWWLQJ 1P 1P 2LO UHWXUQ OLQH q WR F\OLQGHU EORFN q WLJKWHQ WR 1P *DVNHW ULQJ IRU RLO UHWXUQ OLQH q UHSODFH
5
SDJH
([KDXVW WXUERFKDUJHU q FDQ RQO\ EH UHSODFHG FRPSOHWH ZLWK H[KDXVW PDQLIROG q UHPRYLQJ DQG LQVWDOOLQJ &KDS q ,QVSHFWLQJ FKDUJH SUHVVXUH FRQWURO &KDS q FKDUJH SUHVVXUH FRQWURO YDOYH DQG YDFXXP XQLW IRU FKDUJH SUHVVXUH FRQWURO YDOYH DUH SDUWV RI WKH WXUERFKDUJHU DQG FDQQRW EH UHSODFHG VHSDUDWHO\ q $IWHU LQVWDOOLQJ WKH WXUERFKDUJHU UXQ HQJLQH DW LGOLQJ VSHHG IRU DERXW PLQXWH WR HQVXUH WKDW RLO LV VXSSOLHG WR WKH WXUERFKDUJHU *DVNHW q UHSODFH )URQW H[KDXVW SLSH ZLWK FDWDO\WLF FRQYHUWHU &RQQHFWLRQ ILWWLQJ 1P 2LO IHHG OLQH q WLJKWHQ WR 1P 1P
SDJH
1RWH
VWDOOHG DJDLQ
&KDUJH DLU FRQQHFWLRQ KRVH 7RS FKDUJHDLU SLSH &KDUJH DLU FRQQHFWLRQ KRVH q WR FRQQHFWLRQ ILWWLQJ &KDUJH DLU FRQQHFWLRQ KRVH q IURP WXUERFKDUJHU 1P %RWWRP FKDUJHDLU SLSH &KDUJH DLU FRROHU 2ULQJ q UHSODFH LI GDPDJHG ,QWDNH DLU WHPSHUDWXUH VHQGHU * 1P %UDFNHW
4 5 11 5 10 9 8
N21-0109
5HPRYLQJ
SDJH
8QSOXJ FRQQHFWRU DW LQWDNH DLU WHPSHUDWXUH VHQGHU 6HSDUDWH WRS FKDUJH DLU FRQQHFWLRQ SLSH LWHP 6HSDUDWH ERWWRP FKDUJH DLU FRQQHFWLRQ SLSH LWHP 8QVFUHZ EROWV DWWDFKLQJ LWHP FKDUJH DLU FRROHU
DQG WDNH RXW FRROHU *
,QVWDOOLQJ
5XOHV RI FOHDQOLQHVV
&DUHIXOO\ REVHUYH WKH IROORZLQJ UXOHV IRU FOHDQOLQHVV ZKHQ ZRUNLQJ RQ WKH H[KDXVW WXUERFKDUJHU
7KRURXJKO\ FOHDQ WKH FRQQHFWLRQ SRLQWV DQG WKHLU VXU 3ODFH UHPRYHG SDUWV RQ D FOHDQ VXUIDFH DQG FRYHU 'R &DUHIXOO\ FRYHU RU FORVH RSHQHG FRPSRQHQWV LI WKH UH 2QO\ LQVWDOO FOHDQ SDUWV 'R QRW UHPRYH QHZ SDUWV IURP :KHQ WKH V\VWHP LV RSHQ 'R QRW ZRUN ZLWK FRP
WKHLU ZUDSSLQJ XQWLO MXVW EHIRUH LQVWDOOLQJ SUHVVHG DLU GR QRW PRYH WKH YHKLFOH
SDJH
6 13 7
12
11
10
8
S20-0123
SDJH
SDJH
5HPRYLQJ
t 5HPRYH HQJLQH JXDUG DUURZV t 5HPRYH WRS FRQQHFWLRQ SLSH DQG FKDUJH DLU FRQQHF t t t t t
WLRQ KRVH &KDSWHU 5HPRYH WKH QRLVH LQVXODWLRQ 5HPRYH LQOHW OLQH &KDSWHU
S10-0165
5HPRYH FRQQHFWLQJ KRVHV DQG 5HPRYH RLO UHWXUQIORZ OLQH 8QVFUHZ EROWV DQG IURP VXSSRUW DQG WDNH RXW VXSSRUW IRU FKDUJH SUHVVXUH FRQWURO
t 5HPRYH IURQW H[KDXVW SLSH &KDSWHU IURP t 5HPRYH FRQQHFWLRQ SLSHV IRU LQOHW FRQQHFWLRQ H[ t 5HPRYH WKH RLO IHHG OLQH IRU WKH H[KDXVW WXUERFKDUJHU t 8QEROW H[KDXVW PDQLIROG IURP F\OLQGHU KHDG t /LIW WXUERFKDUJHU XS DQG RXW
,QVWDOOLQJ
,QVWDOODWLRQ RFFXUV LQ UHYHUVH RUGHU 3D\ DWWHQWLRQ WR WKH IROORZLQJ 1RWH &KDSWHU KDXVW PDQLIROG IRU H[KDXVW JDV UHFLUFXODWLRQ &KDSWHU
6
DW LGOLQJ VSHHG IRU DERXW PLQXWH WR HQVXUH WKDW RLO LV VXSSOLHG WR WKH H[KDXVW WXUERFKDUJHU
SDJH
9HKLFOH V\VWHP WHVWHU 9$* 'LDJQRVWLF FDEOH 9$* $ % & $GDSWHU FDEOH VHW HJ 9$* & 7HVW ER[ 9$*
7HVW FRQGLWLRQV
1R IDXOW LQ WKH IDXOW PHPRU\ OWU N: 7', (Q 1R OHDNV RQ WKH LQWDNH DQG H[KDXVW VLGH 1R IDXOW RQ WKH HQJLQHIXHO LQMHFWLRQ V\VWHP (QJLQH RLO WHPSHUDWXUH DW OHDVW &
7HVW VHTXHQFH
JLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U
,I WHVW DQG PHDVXULQJ GHYLFHV DUH UHTXLUHG GXULQJ WHVW GULYHV REVHUYH WKH IROORZLQJ
$OZD\V VHFXUH WKH WHVW DQG PHDVXULQJ GHYLFHV RQ WKH
t 7KH FKDUJH SUHVVXUH LV PHDVXUHG ZLWK YHKLFOH V\VWHP t &RQQHFW XS WKH 9HKLFOH V\VWHP WHVWHU 9$*
WHVWHU 9$* ZKHQ WKH HQJLQH LV LGOLQJ DQG GXULQJ D URDG WHVW
,I WKH WHVW DQG PHDVXULQJ HTXLSPHQW LV RSHUDWHG IURP WKH IURQW SDVVHQJHU VHDW WKLV FDQ UHVXOW LQ LQMXULHV WR WKH SHUVRQV VLWWLQJ RQ WKDW VHDW LQ WKH HYHQW RI DQ DF FLGHQW ZKLFK LQYROYHV WKH IURQW SDVVHQJHU DLUEDJ EH LQJ GHSOR\HG
t 6HOHFW IXQFWLRQ
DQG VHOHFW WKH DGGUHVV ZRUG d(QJLQH HOHFWURQLFVq WKH HQJLQH PXVW EH LGOLQJ DW WKH WLPH OWU N: 7', (QJLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U SOD\ JURXS
d,QLWLDWH EDVLF VHWWLQJq DQG GLV
PEDU
!
$IWHU VHOHFWLQJ GLVSOD\ JURXS QXPEHU WKH LGOLQJ VSHHG LV LQFUHDVHG E\ WKH HQJLQH FRQWURO XQLW LQ GLVSOD\ EORFN WR e USP 5HDGRXW LQ LQGLFDWRU ILHOG PXVW FKDQJH HYHU\ VHF RQGV d2))q DQG d21q 7KH IROORZLQJ UHDGRXWV PXVW FKDQJH LQ GLVSOD\ ILHOGV DQG 'LVSOD\ ILHOG 2)) LQ PEDU
6SHFLILHG YDOXH GLVSOD\ ILHOG $WPRVSKHULF SUHVVXUH 6SHFLILHG YDOXH GLVSOD\ ILHOG e
'LVSOD\ ILHOG 21
SDJH
t 5HDG IXQFWLRQ
3UHVV
t $FFHOHUDWH YHKLFOH LQ UG JHDU DW IXOO WKURWWOH IURP t $W DERXW USP UHDG RII YDOXH LQGLFDWHG LQ GLVSOD\
6SHFLILHG YDOXH GLVSOD\ ILHOG e PEDU ,I WKH VSHFLILHG YDOXH LV QRW UHDFKHG EORFN DERXW USP
5HDGLQJ PHDVXUHG YDOXH EORFN ! USP PEDU PEDU
VXUH FRQWURO VROHQRLG YDOYH OWU N: 7', (Q JLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U
&KDUJH SUHVVXUH FRQWURO VROHQRLG YDOYH PXVW RSHUDWH IRU WKLV WHVW :KLOH GRLQJ VR WKH OLQNDJH RI WKH FKDUJH SUHV VXUH FRQWURO YDFXXP XQLW DW WKH ERWWRP RI WKH WXUERFKDUJ HU PXVW PRYH EDFN DQG IRUZDUG 7KLV OLQNDJH PXVW PRYH DW OHDVW e WLPHV DV ORQJ DV D YDFXXP LV SUHVHQW LQ WKH YDFXXP V\VWHP ,I WKH OLQNDJH PRYHV DQG WKH QRPLQDO FKDUJH SUHVVXUH LV QRW UHDFKHG
t 5HSODFH WXUERFKDUJHU
,I WKH OLQNDJH GRHV QRW PRYH EHFDXVH WKH FKDUJH SUHV VXUH FRQWURO VROHQRLG YDOYH LV QRW RSHUDWLQJ
t 7HVW WKH FKDUJH SUHVVXUH FRQWURO VROHQRLG YDOYH t ,QVSHFW YDFXXP KRVHV &KDSWHU
1 OWU N: (QJLQH )XHO ,QMHFWLRQ DQG ,J QLWLRQ 6\VWHP 5HS *U
,I WKH OLQNDJH GRHV QRW PRYH DOWKRXJK WKH FKDUJH SUHV VXUH FRQWURO VROHQRLG YDOYH LV RSHUDWLQJ
t 5HSODFH WXUERFKDUJHU
SDJH
SDJH
([KDXVW V\VWHP
1RWH
*DVNHW 17 1 3 4 5 q UHSODFH 1P q UHSODFH q FRDW ZLWK KRW EROW SDVWH 2 * $ 18 )URQW H[KDXVW SLSH *DVNHW 16 q UHSODFH 15 2[LGDWLRQ FDWDO\WLF FRQYHUWHU 14 q SURWHFW DJDLQVW VKRFNV DQG 6 EORZV 1P 9 7 8 q UHSODFH 6FUHZ +DQJHU 1P )URQW VLOHQFHU 13 q LQVWDOOHG DV VWDQGDUG ZLWK SDUW LWHP VXSSOLHG 8 12 VHSDUDWHO\ IRU UHSDLUV q H[KDXVW SLSH ZLWK VHSDUDWLRQ SRLQW )LJ LQ 11 8 SDJH 5HDU VLOHQFHU q LQVWDOOHG DV VWDQGDUG ZLWK SDUW LWHP VXSSOLHG 9 VHSDUDWHO\ IRU UHSDLUV q H[KDXVW SLSH ZLWK VHSDUDWLRQ SRLQW )LJ LQ 10 S26-0107 SDJH 'RXEOH FODPS q ILWWLQJ SRVLWLRQ EROWHG FRQQHFWLRQ SRLQWV WR WKH OHIW LQVWDOODWLRQ SRVLWLRQ PDUNHG E\ LQGHQWDWLRQ RQ FLUFXPIHU HQFH RI H[KDXVW SLSH q WLJKWHQ EROWV HYHQO\ 1P %UDFNHW %UDFNHW 1P ([KDXVW PDQLIROG q SDUW RI WXUERFKDUJHU 1P
SDJH
)LJ 6HSDUDWLRQ SRLQW
ZKHQ UHSODFLQJ IURQW VLOHQFHU RU UHDU VLOHQFHU
SLSH
3URFHGXUH
S26-0078
SDJH
1RWH
WKH GLHVHO GLUHFW LQMHFWLRQ V\VWHP FRQWURO XQLW - WKURXJK WKH (*5 YDOYH 1 WR WKH PHFKDQLFDO H[ KDXVW JDV UHFLUFXODWLRQ YDOYH
1 OWU N: 7', (QJLQH )XHO ,QMHFWLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U
FRQLFDOO\ VKDSHG YDOYH WDSSHW PDNHV LW SRVVLEOH WR DFKLHYH GLIIHUHQW RSHQLQJ FURVVVHFWLRQV DW GLIIHUHQW YDOYH VWURNHV
,QWDNH PDQLIROG 2ULQJ q UHSODFH ,QOHW FRQQHFWLRQ q ZLWK PHFKDQLFDO H[KDXVW JDV UHFLUFXODWLRQ YDOYH DQG ZLWK UHJXODWLQJ IODS PHFKDQLFDO H[KDXVW JDV UHFLU FXODWLRQ YDOYH q SDUW RI LQOHW FRQQHFWLRQ q DOZD\V UHSODFH FRPSOHWH ZLWK LQOHW FRQQHFWLRQ q FKHFN SDJH q WHVWLQJ FRQWURO OWU N: 7', (QJLQH )XHO ,QMHF WLRQ DQG ,JQLWLRQ 6\VWHP 5HS *U 1P IURP FKDUJH DLU FRROHU *DVNHW q UHSODFH 1P ([KDXVW PDQLIROG 1P q UHSODFH q FRDW ZLWK * $ &RQQHFWLQJ WXEH
5
SDJH
7HVWLQJ PHFKDQLFDO H[KDXVW JDV UHFLUFX ODWLRQ YDOYH
6SHFLDO WRROV WHVW DQG PHDVXULQJ HTXLSPHQW DQG DX[LOLDU\ LWHPV UHTXLUHG
+DQG YDFXXP SXPS HJ 9$*
7HVW VHTXHQFH
8#)
5
SDJH