'Ljlwdo&Duulhu6/Vwhpv: 6Xudvdn6Dqjxdqsrqj QJXDQ#NXDFWK Kwwszzzfshnxdfwkaqjxdq

'LJLWDO&DUULHU6\VWHPV
6XUDVDN6DQJXDQSRQJ
QJXDQ#NXDFWK
KWWSZZZFSHNXDFWKaQJXDQ
/DVWXSGDWHG-XQH
$SSOLHG1HWZRUN5HVHDUFK*URXS'HSDUWPHQWRI&RPSXWHU(QJLQHHULQJ.DVHWVDUW8QLYHUVLW\

'LJLWDOFDUULHUVWDQGDUG
z
7FDUULHU
z 1RUWK$PHULFD-DSDQ
(FDUULHU
z (XURSH6RXWK$PHULFD
621(76'+
z ZRUOGZLGHQHZVWDQGDUG
7HOHSKRQHFRPSDQLHVPDNHXVHVRIPXOWLSOH[LQJORQJGLVWDQFHFDOOVRQWR
KLJKVSHHGWUXQNV,QWHUQDWLRQDOVWDQGDUGVERGLHVLVVXHPXOWLSOH[LQJUDWHVWKDW
IURPWKHGLJLWDOWUDQVPLVVLRQKLHUDUFK\'LJLWDOFDUULHULVDGLJLWDOVLJQDOLQJ
UHSUHVHQWDWHOHFRPPXQLFDWLRQVVHUYLFH7KHEDVHOHYHOLQWKHKLHUDUFK\LVWKH
HTXLYDOHQWRIDVLQJOH.ESVGLJLWL]HGYRLFH7KHKLHUDUFK\GLIIHUVIURP
UHJLRQWRUHJLRQ
'LJLWDOVHUYLFHLQ1RUWK$PHULFDGHILQHVDIRXUOHYHOWUDQVPLVVLRQKLHUDUFK\
FDOOHG7FDUULHUUDQJHIURP777DQG7,Q(XURSHDQG6RXWK$PHULFD
WKHUHLVILYHOHYHOWUDQVPLVVLRQKLHUDUFK\FDOOHG(FDUULHUUDQJHIURP((
((DQG(%RWKV\VWHPVXVH3&0WRHQFRGHDQDQDORJVLJQDOLQGLJLWDO
IURP7KHVLJQDOLVVDPSOHGWLPHVSHUVHFRQGDQGHDFKVDPSOHYDOYHLV
HQFRGHGLQDQELWYDOYH7KHVLJQDOWUDQVPLVVLRQXVHV7'0621(7DQG
6'+LVLQWHQGHGWRSURYLGHGDVSHFLILFDWLRQIRUWDNLQJDGYDQWDJHRIKLJKVSHHG
GLJLWDOWUDQVPLVVLRQFDSDELOLW\RIRSWLFDOILEHU

&RPSDULVRQRIWKHOD\HU
26,
7
621(76'+
$SSOLFDWLRQ
3UHVHQWDWLRQ
6HVVLRQ
7UDQVSRUW
1HWZRUN
'DWDOLQN
3K\VLFDO
3K\VLFDO
3K\VLFDO
7DQG621(76'+VWDQGDUGGHILQHWKHUDWHVDQGIRUPDWVWKHSK\VLFDOOD\HU
QHWZRUNDQGWKHQHWZRUNRSHUDWLRQDOFULWHULD

2UJDQL]DWLRQRIWHOHSKRQHVHUYLFHV
7KHWHOHSKRQHPHVVDJHDUHURXWHGWKURXJK
DVZLWFKDWWKHFHQWUDORIILFH&2IRUDORFDOFDOOV

DVZLWFKLQJFHQWHUIRURXWRIDUHDFDOOV
WROOH[FKDQJHVIRUORQJGLVWDQFHFDOOV
7ROO
7ROO
H[FKDQJH
H[FKDQJH
&2
zz
$UHDWROO
FKDQJH
WRORFDO
FDOO
ORFDO
ORRS
&2
,QWHURIILFH
WUXQN
,27
&2
zz
7KHRULJLQDO,27
7KHRULJLQDO,27
FRQQHFWLRQVZHUHPDGH
FRQQHFWLRQVZHUHPDGH
RYHUDQDQDORJV\VWHP
RYHUDQDQDORJV\VWHP
FDOOHG1FDUULHU
FDOOHG1FDUULHU
7KH7FDUULHUV\VWHP
7KH7FDUULHUV\VWHP
ZDVWKHILUVWZLGHO\
ZDVWKHILUVWZLGHO\
GHSOR\HGGLJLWDO
GHSOR\HGGLJLWDO
WUDQVPLVVLRQV\VWHP
WUDQVPLVVLRQV\VWHP
VZLWFK
VZLWFK
7KHQRQORFDOFDOOVDUHURXWHGEHWZHHQFHQWUDORIILFHWKURXJKLQWHURIILFH
WUXQNV,277KHRULJLQDO,27FRQQHFWLRQVZHUHPDGHRYHUDQDQDORJV\VWHP
FDOOHGWKH1FDUULHU7KH1FDUULHUV\VWHPGHSOR\HGDQDQDORJWUDQVPLVVLRQV
DOORZLQJYRLFHFDOOVWRVKDUHWKHVDPHOLQH7KH/FDUULHUV\VWHPZDV
GHVLJQHGLQWKHODWHVIRUKDQGOLQJPXFKKLJKHUFDSDFLW\7KHV\VWHP
FDQFDUU\XSWRFDOOVRQWKHFRD[LDOFDEOH+RZHYHUWKHUHSHDWHUZHUH
QHHGHGWRLPSURYHVLJQDOSHULRGLFDOO\DORQJWKHOLQH7KHV\VWHPZDVYHU\
H[SHQVLYHIRULQYHVWPHQW
7KHQHZGLJLWDOWUDQVPLVVLRQFDOOHG7FDUULHUV\VWHPZDVODWHUGHYHORSHG7KH
7YHUVLRQFDQKDQGOHFDOOVRQWZRSDLUVRIFRSSHUZLUH

7FDUULHUV\VWHP
z
&+
YRLFHFKDQQHOVDUHVDPSOHGTXDQWL]HGDQG
HQFRGHGLQWRD7'03&0VLJQDO
7FDUULHUKDVDWUDQVPLVVLRQUDWHRI0ESV
&+
3&0
&+
&+&+&+&+&+
&+
zz
%LSRODUHQFRGLQJ
%LSRODUHQFRGLQJ
zz
zz
zz
zz
%=6IRU7
%=6IRU7
%=6IRU7
%=6IRU7
)XOOGXSOH[
)XOOGXSOH[
&KDQQHOEDVHGGLJLWDOWUDQVPLVVLRQ
&KDQQHOEDVHGGLJLWDOWUDQVPLVVLRQ
[[[[[[[[
06%
/6%
VLJQELW
7KH%HOOV\VWHPKDVHVWDEOLVKHGWLPHGLYLVLRQPXOWLSOH[HG3&0V\VWHPVLQ
1RUWK$PHULFD7KHWUDQVPLVVLRQV\VWHPLVNQRZQDVWKH7FDUULHUV\VWHP7KH
7FDUULHULVWKHIXQGDPHQWDOEXLOGLQJEORFNRIWKHPXOWLSOH[LQJKLHUDUFK\7KH
7FDUULHUFRQVLVWVRIYRLFHFKDQQHOVWKDWDUHVDPSOHGGLJLWL]HGDQG
HQFRGHGWRD3&0VLJQDO7KHWUDQVPLVVLRQUDWHRQWRWKH7FDUULHULV
0ESV7KHGHVLJQDWLRQV7DQG'6UHIHUWRWKHFLUFXLWDQGVLJQDO
UHVSHFWLYHO\3XOVHWUDLQVLQ7FDUULHUUHO\RQWKH%=6%LSRODUZLWK=HUR
6XEVWLWXWLRQFRGLQJ

7IUDPH
IUDPHELW
7ELWUDWH[ELWV 0ESV

V
&+
&+
ELW
ELW
&+
&+
ELW
ELW
. .. .. .. .. .. .. .
&+
&+
ELW
ELW
ELWV
zz
zz
zz
7KHHDUO\IUDPHVWDQGDUGFDOOHG''DQG'ZHUHXVHG
7KHHDUO\IUDPHVWDQGDUGFDOOHG''DQG'ZHUHXVHG
7KHUHDUHWZRIUDPLQJVWDQGDUGIRUWKH7FDOOHG'
7KHUHDUHWZRIUDPLQJVWDQGDUGIRUWKH7FDOOHG'
VXSHUIUDPHDQGH[WHQGHGVXSHUIUDPH(6)
VXSHUIUDPHDQGH[WHQGHGVXSHUIUDPH(6)
7KH7XVHGWKH0IUDPLQJ
7KH7XVHGWKH0IUDPLQJ
$'6IUDPHFRQWDLQVELWVGLYLGHGLQWRVORWVRQHIRUHDFKYRLFH
FKDQQHORIELWVDQGRQHH[WUDELWFDOOHGDIUDPLQJELW)ELWZKLFKLVXVHG
IRUV\QFKURQL]LQJ
(LJKWELWYRLFHVDPSOHVDUHWDNHQIURPHDFKRIFKDQQHOVDWDUDWHRI
WLPHVSHUVHFRQG.ESVUDWH7RVXSSRUWWKLVVSHHG7PXVWWUDQVPLWD
'6IUDPHHYHU\RIDVHFRQGV7KLV\LHOGVWKHELWUDWHRI
[ELWVV 0ESV

)UDPHDQG6XSHUIUDPH
VXSHUIUDPH IUDPHVELWVLQPV
)RGG
)HYHQ
)FRPELQH
))))))))))))
)UDPH)GDWDELWV
GGGGGGGGGGGGGGGG
GGGGGGGGGGGGGGGG
GGGGGGGGGGGGGGGG
GGGGGGGGGGGGGGGG
GGGGGGGGGGGGGGGG
GGGGGGG;GGGGGGG;
GGGGGGGGGGGGGGGG
GGGGGGGGGGGGGGGG
GGGGGGGGGGGGGGGG
GGGGGGGGGGGGGGGG
GGGGGGGGGGGGGGGG
GGGGGGG;GGGGGGG;
z
z
z
7FDUULHUIUDPHVDUHWUDQVPLWWHGLQ
JURXSVRIFDOOHG8:50717,208
)ELWLQHYHQQXPEHUHGIUDPHKDVD
SDWWHUQRIIRUV\QFKURQL]DWLRQ
6LJQDOLQJLQIRUPDWLRQLVDFFRPSOLVKHG
E\UREELQJWKH/6%SRVLWLRQRIHDFK
FKDQQHO7KLVLVSHUIRUPHGRQO\LQWKH
WKDQGWKIUDPHWRNHHSGLVWRUWLRQ
PLQLPXP
FRQVHFXWLYHIUDPHVFRPSULVHDVXSHUIUDPHDOVRFDOOHG'IUDPLQJ7KH

IUDPLQJELWVLQWKLVVXSHUIUDPHRQHIUDPLQJELWSHUIUDPHJRHVWKURXJKWKH
ELWSDWWHUQ
7KHV\QFKURQL]DWLRQSDWWHUQRFFXUULQJLQWKHRGGQXPEHUHGIUDPHVLV
7KHVHDUHWKHV\QFKURQL]DWLRQELWVIRUWKHFKDQQHOEDQNV7KHYRLFHFORFN
V\QFKURQL]DWLRQSDWWHUQRFFXUULQJLQWKHHYHQQXPEHUHGIUDPHVKDVDSDWWHUQ
RI7KHFRPELQHG)VELWSDWWHUQLVIRUWKHVXSHUIUDPH,W
LVFDOOWKH6ELWEHFDXVHLWLVVKDUHGEHWZHHQIUDPLQJDQGVLJQDOLQJ

([WHQGHG6XSHUIUDPH

5HPRWHFRQILJXUDWLRQDQGPRQLWRULQJ.ESV
&5&
)UDPHV\QFKURQL]DWLRQ
z
z
(6)IUDPLQJJURXSVIUDPHVLQWRDQ(6)VXSHUIUDPH
HYHU\UGELWDUHXVHGIRUWKHDERYHSXUSRVHV
([WHQGHG6XSHUIUDPHH[WHQGVWKLVWRQRWRQO\SURYLGHIUDPHV\QFKURQL]DWLRQ
EXWDOVRHUURUGHWHFWLRQDQGDGDWDFKDQQHODOOXVLQJWKHIUDPLQJELW7KHYDOXH
LQHYHU\UGELWLQELWVDQGVRRQDUHXVHGIRUWKUHHSXUSRVHV
(YHU\IRXUWKELWRIWKLVELWF\FOHWKDWLVWKHIUDPLQJELWVIRU
IUDPHVDQGJRHVWKURXJKWKHSDWWHUQ7KLV
SURYLGHVWKHIUDPHV\QFKURQL]DWLRQ
7KHIUDPLQJELWVIRUIUDPHVDUHXVHGWRVHQGDELW
&5&JHQHUDWHGIURPWKHGDWDLQWKHSUHYLRXVIUDPHV7KLVSURYLGHV
HUURUGHWHFWLRQ7KHUHFHLYLQJ&68FDQWKHQWUDFNWKHHUURUUDWHDQG
JHQHUDWHDQDODUPLILWJHWVWRRKLJK7KLVHUURUFKHFNLQJLVGRQH
FRQVWDQWO\ZKLOHWKHOLQNLVLQVHUYLFHDQGIRUDQ\W\SHRIGDWD
7KHUHPDLQLQJIUDPLQJELWVIRUIUDPHVSURYLGHD
NESVVXSHUYLVRU\GDWDFKDQQHOWKDWLVXVHGIRURWKHUIXQFWLRQVVXFKDV
UHPRWHFRQILJXUDWLRQDQGPRQLWRULQJRI&68V
7KHHLJKWKELWLQHYHU\FKDQQHORIIUDPHVDQGLVXVHGIRUVLJQDOLQJ
EHWZHHQFHQWUDORIILFHV

0XOWLSOH[LQJ
URXWHU
SKRQH
z
08;
&68&KDQQHO6HUYLFH8QLW
z SHUIRUPVVHYHUDOSURWHFWLYHDQG
GLDJQRVWLFIXQFWLRQV
'68'DWD6HUYLFH8QLW
z FRQYHUWWKHGLJLWDOGDWDIURPDIRU
H[DPSOHURXWHUWR7YROWDJHVDQG
HQFRGLQJ
&68'68
7FDUULHU
&68LVDGHYLFHXVXDOO\UHTXLUHGRQD7RU)7RU7OLQHWKDWSHUIRUPV

VHYHUDOSURWHFWLYHDQGGLDJQRVWLFIXQFWLRQVVXFKDVWKHIROORZLQJ
/LJKWQLQJSURWHFWLRQSURWHFWWKHXVHU
VHTXLSPHQWIURPGDPDJH
2QHVGHQVLW\HQIRUFHPHQWLIWKHXVHUHTXLSPHQWWUDQVPLWVPRUH
WKDQFRQVHFXWLYH]HURVWKHQWKH&68HLWKHUDODUPVDQGVWXIIV
/RRSEDFNIRUGLDJQRVWLFWHVWLQJ
)RUGDWDDSSOLFDWLRQVRIWHQLQWHJUDWHGZLWKWKH'68VRWKHXQLWLVWKHQFDOOHG
D&68'68
'68LVDGHYLFHUHTXLUHGWRFRQYHUWWKHGLJLWDOGDWDIURPDIRUH[DPSOH
URXWHUWR7YROWDJHVDQGHQFRGLQJ8VXDOO\XVHVD9LQWHUIDFHWRWKHURXWHU
%HFDXVHRISURSULHWDU\H[WUDIHDWXUHVVXFKDVPXOWLSOH[LQJDQGGLDJQRVWLFV
XQLWVIURPWKHVDPHPDQXIDFWXUHUPXVWXVXDOO\EHXVHGDWERWKHQGVRIDOLQN

7FDUULHU'LJLWDO0XOWLSOH[LQJ+LHUDUFK\
7
'6
7ZR'6&FKDQQHOVDUHPXOWLSOH[HG
LQWRDVLQJOH0ESV'6
FKDQQHO
'6
'6
'6&
'6
7ZR0ESV'6FKDQQHOVDUH
PXOWLSOH[HGLQWRDVLQJOH0ESV'6&
FKDQQHO
'6
'6&
'6 7
7&
'6
'6
'6
6HYHQ'6
FKDQQHOVDUH
PXOWLSOH[HG
LQWRDVLQJOH
0ESV
'6FKDQQHO
7
'6
6L['6
FKDQQHOVDUH
PXOWLSOH[HG
LQWRDVLQJOH

0ESV'6
FKDQQHO
'6
'6
'6
'6
'6
'6
7
7RDFKLHYHKLJKHUDJJUHJDWHOLQNELWUDWHVVHYHUDO'6FKDQQHOVDUH
PXOWLSOH[HGWRJHWKHU
FDUULHUIUDPHFKDQQHOV5DWH0ESV0HGLD
7'6 :LUHSDLU
7&'6&:LUHSDLU
7'6 :LUHSDLUILEHU
7'6&RD[PLFURZDYHILEHU
7'6 &RD[PLFURZDYHILEHU
1RWH
,QERWK7DQG(V\VWHPVWKHORZHUELWUDWHVDUHNQRZQDVIUDFWLRQDO
7(
7LVXVHGLQ-DSDQEXWLVQRWRIIHUHGWRWKHSXEOLFLQWKH8QLWHG6WDWHV
7LVQRZREVROHWHDQGXVHGRQO\LQDIHZUDUHLQVWDQFHV

(IUDPH
YRLFHFKDQQHOVFRQWUROFKDQQHOV
s
&+
&+ &+
&+ &+
&+

IUDPH
V\QFKURQL]DWLRQ
&+
&+

&+
&+

VLJQDOLQJ
FKDQQHO
(ELWUDWH[ELWV 0ESV
(LVDFDUULHUFKDQQHOFRQILJXUDWLRQGHILQHGE\,7877KH(FDUULHUFKDQQHO
LVEXLOWXSRI.ESVYRLFHFKDQQHOVDQGWZR.ESVVLJQDOLQJFKDQQHO
7KLV\LHOGVELWUDWH[ELWVV 0ESV

(FDUULHU
7KLUW\.ESV
FKDQQHOVDUH
PXOWLSOH[HGWR
FUHDWHRQH
0ESV(
FKDQQHO
(
(
)RXU(FKDQQHOV
DUHPXOWLSOH[HG
LQWRDVLQJOH
0ESV(
FKDQQHO
)RXU(
FKDQQHOVDUH
PXOWLSOH[HG
LQWRDVLQJOH
0ESV
(FKDQQHO
(
(
(
(
(
)RXU(FKDQQHOVDUH
PXOWLSOH[HGLQWRDVLQJOH
0ESV(FKDQQHO
(
(
(
(
(
(
(
(
)RXU(FKDQQHOV
DUHPXOWLSOH[HG
LQWRDVLQJOH
0ESV(
FKDQQHO
(
(
7RDFKLHYHKLJKHUELWUDWHVHYHUDO(FKDQQHOVDUHPXOWLSOH[HGWRJHWKHU
&LUFXLW
(
(
(
(
(
QRRIFKDQQHOV
GDWDFRQWURO

'DWDUDWH0ESV


'LJLWDOFDUULHUFRPSDULVRQ
[
(
[

[

7
-

[

[

[
(
[
(

[
(

[
(
(XURSH

[ 7
[ 7 86$
7& [ 7

-

[
-

[
-

[
- -DSDQ

7UDGLWLRQDOGLJLWDOKLHUDUFK\LQ8QLWHG6WDWHV-DSDQDQG(XURSH

3'+
DOPRVWV\QFKURQRXV
z
z
z
z
z
3'+ 3OHVLRFKURQRXV'LJLWDO+LHUDUFK\
'LJLWDOWUDQVPLVVLRQV\VWHPV7FDUULHU(FDUULHUFRPELQH
ORZHURUGHUPXOWLSOH[VWUHDPWRJHWKLJKHUELWUDWH
(DFKGHYLFHUXQVLWVRZQIUHHUXQQLQJFORFN
'LIIHUHQWVWUHDPVKDYHVPDOOGLIIHUHQFHVLQFORFNVLJQDOV
6ROYHE\DGGLQJMXVWLILFDWLRQELW
$OOWHOHFRPPXQLFDWLRQWUDIILFKDVXQWLOUHFHQWO\EHHQFDUULHGRYHUHTXLSPHQW
EDVHGRQ3'+7KHWHUP3OHVLRFKURQRXVFDPHIURP*UHHNODQJXDJHDQG
PHDQVDOPRVWV\QFKURQRXV$QH[DPSOHVZRXOGEHWZRDODUPFORFNVERWKRI
ZKLFKNHHSJRRGWLPH%XWRYHUDSHULRGWKHWZRFORFNVZRXOGVWDUWWRGULIW
SDUW
,QWKHVDPHZD\GLJLWDOVLJQDOVIURPGLIIHUHQWSODFHVW\SLFDOO\KDYHWKHLURZQ
FORFNV$OORSHUDWLQJDWDOPRVWEXWQRWTXLWH0ESV7,IWKHILUVW
VRXUFHUXQVDW0ESVDQGWKHVHFRQGUXQVDW0ESVWKHRXWSXW
FRQWDLQVPRUHELWIURPWKHILUVWVRXUFHWKDQWKHVHFRQG7KHQDLYHPXOWLSOH[HU
PXVWGURSELWVIURPWKHILUVWVRXUFHRWKHUZLVHWKHUHPXVWEHDZD\WR
GLVWLQJXLVKELWVDUULYLQJELWVIURPGLIIHUHQFHVRXUFHV7KLVUHTXLUHVWKHSDFNHWV
VFKHPHZKLFKLVQRWSRVVLEOHLQWKHFLUFXLWVZLWFKHGWHOHSKRQHQHWZRUN7KH
VROXWLRQLVWKHXVHRIMXVWLILFDWLRQRUELWVWXIILQJ

3'+GHILFLHQFLHV,
z
/DFNRIIOH[LELOLW\
z
LPSRVVLEOHWRLGHQWLI\DORZHUELWUDWHFKDQQHOIURPWKHKLJKHURUGHU
ELWVWUHDP
([WUDFWLRQRI0ESVFKDQQHOIURP0ESVFKDQQHO
0
/7(
0ESV

0
/7(
0ESV

GHPX[WKHKLJKELW
UDWHGRZQWRWKHORZHUOHYHO
0ESV

UHPX[EDFNLQWRKLJKHU
OHYHOIRURQZDUGWUDQVPLVVLRQ
&XVWRPHUVLWH
7KHGHPXOWLSOH[LQJPXOWLSOH[LQJRSHUDWLRQLVSHUIRUPHGE\DGHYLFHNQRZQDV
DGURSDQGLQVHUWRUDGGGURSPXOWLSOH[HU$'0
,WVGLIILFXOWXVLQJ3'+EDVHGHTXLSPHQWWRGURSDQGLQVHUWDORZUDWH
FKDQQHOIURPDKLJKUDWHFKDQQHOZLWKRXWWKHXVHRIDPXOWLSOH[HUPRXQWDLQ
7KHQRUPDOH[DPSOHJLYHQLVWKDWRIGURSSLQJRXWD0ESVFKDQQHOIURPD
SDVVLQJ0ESVVWUHDP7KHFDXVHRIWKLVSDUWLFXODUSUREOHPOLHVLQWKH
DPRXQWRILQIRUPDWLRQSURFHVVLQJQHFHVVDU\WRORFDWHDQGH[WUDFWWKHUHTXLUHG
WUDIILFFKDQQHO7KHEDVLF3'+PXOWLSOH[HUSURFHVVLQYROYHVDELWLQWHUOHDYLQJ
RSHUDWLRQZKLFKREVFXUHVNQRZOHGJHRIWKHLQGLYLGXDOE\WHERXQGDULHVDQG
WKXVOHDGVWRDQLQIOH[LEOHV\VWHP
:LWKDOOWKHGLIIHUHQWOHYHOVRISOHVLRFKURQRXVWUDIILFLWLVLPSRVVLEOHWRILQG
DQGGLUHFWO\GHPXOWLSOH[DKLJKHURUGHUELWUDWH7KLVLVQHHGWRGHPXOWLSOH[WKH
KLJKELWUDWHGRZQWRWKHORZHUOHYHO7KLVVWUHDPPXVWWKHQEHUHPXOWLSOH[HG
EDFNLQWRKLJKHUOHYHOIRURQZDUGWUDQVPLVVLRQ

3'+GHILFLHQFLHV,,
z
/DFNRISHUIRUPDQFH
z
z
1RVWDQGDUGIRUPRQLWRULQJWKHSHUIRUPDQFHRIWUDIILFFKDQQHO
1RPDQDJHPHQWFKDQQHO
/DFNRI0LG)LEUHPHHW
z
XQGHILQHGLQWHUIDFHVSHFLILFDWLRQRQWKHOLQHVLGHRIDOLQH
WUDQVPLVVLRQ
6'+
3'+
/7(
*
LQWHUIDFH
QRQVWDQGDUG
OLQHFRGHDQG
RSWLFDOOHYHOV
VWDQGDUG1HWZRUN
1RGH,QWHUIDFH11,
IXQFWLRQDOLQWHJUDWLRQ
RI08;DQG/7(
7KH3'+GRHVQRWFXUUHQWO\KDYHDQ\LQWHUQDWLRQDOVVWDQGDUGL]HGZD\VRI
PRQLWRULQJWKHSHUIRUPDQFHRIWUDIILFFKDQQHOV7KH3'+GRHVQRWKDYHDQ\
DJUHHGPDQDJHPHQWFKDQQHOVRUSURWRFROVWDFNV
$OWKRXJKWKH3'+VSHFLILHVWKHH[DFWIRUPDWRIWKHELWVWUHDPDWWKHDJJUHJDWH
SRUWRIDQ\36+PXOWLSOH[HULWSXWVQRVXFKFRQVWUDLQWVRQWKHELWVWUHDPRQ
WKHOLQHVLGHRIDOLQHWHUPLQDWLRQ&RQVHTXHQWO\HYHU\PDQXIDFWXUHKDVXVHG
KLVRZQSURSULHWDU\OLQHFRGHDQGRSWLFDOLQWHUIDFHVSHFLILFDWLRQPDNLQJLW
LPSRVVLEOHIRUD372WRLQWHUFRQQHFWOLQHWHUPLQDOVIURPWZRGLIIHUHQW
PDQXIDFWXUHV

6'+ 621(7
z
:KDWLV6'+621(7"
z 6WDQGDUGLQWHUIDFHGHYHORSHGIRUXVLQJLQWKHSXEOLFQHWZRUN
z PXOWLSOH[LQJVWDQGDUGIRURSWLFDOILEHUWUDQVPLVVLRQ
621(7 6\QFKURQRXV2SWLFDO1HWZRUN
z UHIHUVWRWKHV\VWHPXVHGZLWKLQWKH86DQG&DQDGD
6'+ 6\QFKURQRXV'LJLWDO+LHUDUFK\
z LQWHUQDWLRQDOFRPPXQLW\WHUP,787UHFRPPHQGDWLRQV
6'+6\QFKURQRXV'LJLWDO+LHUDUFK\ZDVGHYHORSHGLQLWLDOO\E\%HOOFRUHLQ

WKH86$XQGHUWKHWLWOHRI6\QFKURQRXV2SWLFDO1HWZRUN621(7,787VHWV
D6'+VWDQGDUGZLWKVHULHVRIUHFRPPHQGDWLRQV**DQG*DV
ZHOODVRWKHUUHOHYDQWUHFRPPHQGDWLRQV
621(7LVDQHZWUDQVPLVVLRQV\VWHPGHVLJQHGIRUXVHRYHUQHZILEHURSWLFV
OLQNV,WLVDPRUHLQWHOOLJHQWIUDPLQJDQGWUDQVPLVVLRQV\VWHPZKLFKKDVPDQ\
DGYDQWDJHVRYHUWKHROGHU3'+V\VWHPV621(7FRQVLVWVRIDKLHUDUFK\RI
SK\VLFDOGDWDWUDQVPLVVLRQUDWHV

6'+621(7JRDOV
z
*RDOV
z PDNHLWSRVVLEOHIRUGLIIHUHQWFDUULHUWRLQWHUZRUN
z XQLI\WKH86(XURSHDQDQG-DSDQHVHGLJLWDOV\VWHP
z 3URYLGHDZD\WRPXOWLSOH[PXOWLSOHGLJLWDOVLJQDOWRJHWKHU
z SURYLGHVXSSRUWIRURSHUDWLRQVDGPLQLVWUDWLRQDQG
PDLQWHQDQFH
&KDUDFWHULVWLFV
z XVHVLQJOHPDVWHUFORFNWRV\QFKURQL]H
z %LWVWUHDPFDQEHDDGGHGRUH[WUDFWHGGLUHFWO\
z %DVLFWUDQVPLVVLRQUDWH 0ESV
'HVLJQ*RDOV
'HILQHVDFRPPRQVLJQDOLQJVWDQGDUGZLWKUHVSHFWWRZDYHOHQJWKWLPLQJ
IUDPLQJVWUXFWXUHDQGRWKHUV
'LJLWDOV\VWHPLQ86(XURSHDQDQG-DSDQZHUHEDVHGRQ.ESV3&0
FKDQQHOVEXWDOORIZKLFKFRPELQHGWKHPLQGLIIHUHQWDQGLQFRPSDWLELOLW\
ZD\V
3DUWRI6'+621(7VPLVVLRQZDVWRFRQWLQXHWKHKLHUDUFK\WR
JLJDELWVVHFDQGEH\RQG
3UHYLRXV3'+V\VWHPGLGQRWGRWKLV2$02SHUDWLRQ$GPLQLVWUDWLRQ
0DQDJHPHQWYHU\ZHOO

6'+621(7WRSRORJ\
'6
'6
'6
'6
7$
7$
$'0
$'0
z
'&&
'6
'6
2WKHU
621(76'+
QHWZRUNV
7\SLFDO6'+621(7
WRSRORJ\LVDGXDOULQJ
ILEHURSWLFV
2QHULQJLVWKHZRUNLQJ
IDFLOLW\DQGWKHRWKHUULQJLV
WKHSURWHFWLRQIDFLOLW\
VWDQGE\
(QGXVHUGHYLFHVRSHUDWLQJ
RQ/$1VRURWKHUWUDQVSRUW
V\VWHPVDUHDWWDFKHG
WKURXJKWHUPLQDODGDSWHU
7KH621(76'+WRSRORJ\FDQEHDPHVKEXWRIWHQDGXDOULQJ7KH$'0
FDQDGGRUGURSSD\ORDGRQWRRQHRIWKHWZRFKDQQHOV5HPDLQLQJWUDIILFWKDW
ZDVQRWGURSSHGSDVVHVVWUDLJKWWKURXJKWKHPXOWLSOH[HUZLWKRXWDGGLWLRQDO
SURFHVVLQJ7KH'&6DFWVDVDKXE,WFDQDGGDQGGURSDVZHOODVRSHUDWHZLWK
GLIIHUHQWFDUULHUUDWHVVXFKDV'62&QDQGVRRQ

6'+621(76\VWHP
z
FRQVLVWVRIVZLWFKHVPX[DQGUHSHDWHUV
PX[
UHSHDWHUV
VHFWLRQ
PX[
VHFWLRQ
UHSHDWHUV
VHFWLRQ
PX[
VHFWLRQ
OLQH
OLQH
SDWK
,Q 621(76'+ WHUPLQRORJ\ D ILEHU JRLQJ GLUHFWO\ IURP DQ\ GHYLFH WR DQ\ RWKHU GHYLFH ZLWK QRWKLQJ LQ EHWZHHQ LV FDOOHG D
)LQDOO\ WKH FRQQHFWLRQ EHWZHHQ WKH VRXUFH DQG GHVWLQDWLRQV LV FDOOHG D
SDWK
VHFWLRQ $ UXQ EHWZHHQ WZR PXOWLSOH[HUV SRVVLEO\ ZLWK RQH RU PRUH UHSHDWHUV LQ WKH PLGGOH LV FDOOHG D OLQH
7KH 621(76'+ WRSRORJ\ FDQ EH D PHVK EXW RIWHQ D GXDO ULQJ

0XOWLSOH[LQJOHYHO
621(7
6'+
1RWGHILQHG
%LWUDWH0ESV
6762&
6762&
6762&
6762&
6762&
670
670
670
670

6762&
6762&
6762&
670
670
670

676 6\QFKURQRXV7UDQVSRUW6LJQDO
2& 2SWLFDO&DUULHU
670 6\QFKURQRXV7UDQVSRUW0RGXOH
621(7LVDVLJQDOLQJKLHUDUFK\EDVHGRQDEDVLFVLJQDOLQJVWUXFWXUHFDOOHG
6\QFKURQRXV7UDQVSRUW6LJQDO6767KH676VLJQDOLQJV\VWHPSURYLGHVD
EDVLFVLJQDOLQJVWUXFWXUHWKDWEXLOWXSRQWRLPSOHPHQWKLJKHUOLQHUDWHV
676LVDOVRFDOOHG2SWLFDO&DUULHU2&VLJQDOLQJ2SWLFDOFDUULHULVXVHGWR
GHQRWHOLJKWVLJQDOLQJRYHUILEHUUDWKHUWKDQHOHFWULFDOVLJQDOLQJRYHUFRSSHU
7KH6762&VLJQDOLQJKLHUDUFK\LVEDVHGRQDEDVLFVLJQDOLQJUDWHVRI
0ESV7KHKLJKHUVLJQDOLQJUDWHLVDPXOWLSOHRIWKH6762&QXPEHUWLPHVWKH
EDVLFUDWHRI0EV7KH676OLQHUDWHLVWKUHHWLPHVWKHOLQHUDWHRI
6767KHUHDUHUDWHVIRU6762&HWFZLWKLQWKLVKLHUDUFK\
+RZHYHUWKHVHUDWHVQRWXVHG
1RWHWKDWWKHEDVLFUDWHRI6'+VWDUWVZLWKDVLJQDOLQJUDWHRI0ESV
FDOOHG6706\QFKURQRXV7UDQVSRUW0RGXOHZKLFKLVHTXLYDOHQWWR
6762&

6'+%DVLF)UDPHVWUXFWXUH
IUDPH E\WHVLQ s

URZFROXPQPDSSLQJ
E\WHV
E\WHV
E\WHV
2YHUKHDG
62+
IRUV\VWHPPDQDJHPHQW
LQIRUPDWLRQ2$0
Payload
E\WHV
/2+
E\WHV
670
62+ 6HFWLRQ2YHUKHDG
/2+ /LQH2YHUKHDG
72+ 7UDQVSRUW2YHUKHDG
3D\ORDGXVHUGDWD
72+
$676IUDPHKDVFROXPQRIRYHUKHDGDQGE\WHVRISD\ORDGUHVXOWV
[ E\WHV7KH[ELWHVDUHWUDQVPLWWHGWLPHVSHUVHFRQG
IRUDJURVVGDWDUDWHRI0ESV

621(7%DVLF)UDPHVWUXFWXUH
IUDPH E\WHVLQ s

6762&
URZFROXPQPDSSLQJ
E\WHV
E\WHV
E\WHV
2YHUKHDG
62+
IRUV\VWHPPDQDJHPHQW
LQIRUPDWLRQ
62+ 6HFWLRQ2YHUKHDG
/2+ /LQH2YHUKHDG
72+ 7UDQVSRUW2YHUKHDG
Payload
E\WHV
/2+
3D\ORDGXVHUGDWD
E\WHV
72+
$ 621(7 IUDPH FDQ EH YLHZG ORJLFDOO\ DV URZV RI E\WHV HDFK 7KHUHIRUH DQ 676 IUDPH LV D XQLW RI E\WHV RI LQIRUPDWLRQ 621(7 IUDPH LV WUDQVPLWWHG VHULDOO\ ELWE\ELW EHJLQQLQJ
ZLWK WKH ILUVW ELW RI WKH ILUVW E\WH (DFK IUDPH
7KH E\WHV IUDPH DUH EHVW GHVFULEHG DV D UHFWDQJXODU RI E\WHV FROXPQ ZLGH E\ URZV KLJK 7KXV [
ELWV DUH WUDQVPLWWHG WLPHV SHU VHFRQG IRU D JURVV GDWD UDWH RI
0ESV
7KH
ILUVW WKUHH FROXPQ RI HDFK URZ DUH UHVHUYHG IRU V\VWHP PDQDJHPHQW LQIRUPDWLRQ WKH ILUVW WKUHH URZV FRQWDLQ
DQG OLQH RYHUKHDG DUH FDOOHG
WUDQVSRUW RYHUKHDG
7KH UHPDLQLQJ FROXPQ KROG [[[
0ESV RI XVHU GDWD FDOOHG
VHFWLRQ RYHUKHDG 7KH QH[W VL[ FRQWDLQ WKH OLQH RYHUKHDG
6HFWLRQ RYHUKHDG
6\QFKURQRXV 3D\ORDG (QYHORSH RU ,QIRUPDWLRQ 3D\ORDG RU 3D\ORDG

670)UDPH
E\WHV
E\WHV
62+
/2+
62+
IUDPH
Payload #1
Payload #2
Payload #1
Payload #1
Payload #1
SRLQWHU
/2+
POH #1
SRLQWHU
POH #2
IUDPH
Payload #2
7KLVXVHUGDWDGRQRWDOZD\VEHJLQDWURZFROXPQ7KH63(FDQEHJLQ
HYHU\ZKHUHZLWKWKHIUDPH7KHILUVWURZRIOLQHRYHUKHDGFRQWDLQDSRLQWHUWR
WKHILUVWE\WHRIXVHUGDWD7KHILUVWFROXPQRIWKH63(LVFDOOHGWKHSDWK
RYHUKHDG7KHSRLQWHUPHFKDQLVPLVDWWKHYHU\KHDUWRIWKH6'+VWDQGDUG
7KLVPHFKDQLVPDOORZXVWRHDVLO\ORFDWHHDFKWUDIILFFKDQQHOWRJHWKHUZLWKLWV
DVVRFLDWHGPDQDJHPHQWDQGFRQWUROLQIRUPDWLRQ
7KH63(LVDOORZHGWREHJLQDQ\ZKHUHZLWKLQ6'+IUDPHDQGHYHQWRVSDQ
WZRIUDPHVIRUIOH[LELOLW\)RUH[DPSOHLIDSD\ORDGDUULYHVDWWKHVRXUFHZKLOH
DGXPP\IUDPHLVEHLQJFRQVWUXFWHG,WFDQEHLQVHUWHGLQWRWKHFXUUHQWIUDPH
LQVWHDGRIEHLQJKHOGXQWLOWKHVWDUWRIWKHQH[WRQH7KLVIHDWXUHLVDOVRXVHIXO
ZKHQWKHSD\ORDGGRHVQRWILWH[DFWO\LQRQHIUDPHDVLQWKHFDVHRID
VHTXHQFHRIE\WH$70FHOOV7KHILUVWURZRIOLQHRYHUKHDGFDQSRLQWWRWKH
VWDUWRIWKHILUVWIXOOFHOOWRSURYLGHV\QFKURQL]DWLRQ

6'+PX[VFKHPH
670
3'+
7ULEXWDULHV
[
$8*
$8
&
9&
0ESV
[
[
78
78*
9&
[
$8
9&
[
78*
0ESV
0ESV
78
9&
&
0ESV
78
9&
&
0ESV
78
9&
&
0ESV
[
621(7VSHFLILF
(XURSHVSHFLILF
[
&
[
8QLYHUVDO
3'+WULEXWDULHVVWUHDPVLVFDUULHGLQGLIIHUHQWFRQWDLQHUV1RWHWKDWWKHILUVW
GLJLWRIWKHORZHVWOHYHOFRQWDLQHULVDDQGWKHVHFRQGGLJLWLQGLFDWHVZKHWKHU
LWFRQWDLQV0ESV&RU0ESV&

6'+(OHPHQWV
7ULEXWDU\8QLW
7ULEXWDU\8QLW
&RQWDLQHUV
SDWKRYHUKHDG
9LUWXDO&RQWDLQHUV
SRLQWHU
7ULEXWDU\8QLW
7ULEXWDU\8QLW*URXS
7ULEXWDU\8QLW*URXS
$GPLQLVWUDWLYH8QLW
$GPLQLVWUDWLYH8QLW
$GPLQLVWUDWLYH8QLW*URXS
VHFWLRQRYHUKHDG
670
7KHFRQWDLQHUDQGLWVSDWKRYHUKHDGFROOHFWLYHO\IRUPDYLUWXDOFRQWDLQHU9&
7KH9&VDQGLWVSRLQWHUDUHNQRZQDVDWULEXWDU\XQLW78LIWKH9&FDUULHUVD
ORZHURUGHUWULEXWDU\RUDWULEXWDU\JURXSLILWFDUULHVDQXPEHURIORZHURUGHU
WULEXWDULHV7KHODUJHVW9&LQDQ670IUDPHLVNQRZQDVDQGDGPLQLVWUDWLYH
XQLW$8

+LJKRUGHUPX[
670
08;
1[
6701
670
VWUHDP
E\WHLQWHUOHDYH
1[
7KHPXOWLSOH[LQJRIPXOWLSOHGDWDVWUHDPSOD\VDQLPSRUWDQWUROHLQ
621(76'+0XOWLSOH[LQJLVGRQHE\WHIRUE\WH)RUH[DPSOHZKHQWKUHH
670DUHPHUJHGLQWRRQH670VWUHDPDW0ESVWKHPXOWLSOH[HU
ILUVWRXWSXWVE\WHIURPWULEXWDU\WKHQIURPWULEXWDU\DQGILQDOO\IURP
WULEXWDU\EHIRUHJRLQJEDFNWR

[2&DQG[R&
z
z
z
2& [2&
z D0ESVFDUULHUVFRQVLVWLQJRIVHSDUDWHG2&FDUULHUV
2&F ;0ESVFDUULHUV
z DGDWDVWUHDPIURPVLQJOHVRXUFHRI0ESV
+LJKHURUGHUIUDPHVDOVRH[LVWHJ2&F
7KHDPRXQWRIDFWXDOXVHUGDWDLQDQ2&FVWUHDPLVVOLJKWO\KLJKHU
WKDQLQDQ2&VWUHDP
7KHDPRXQWRIDFWXDOXVHUGDWDLQDQ2&FVWUHDPLVVOLJKWO\KLJKHUWKDQLQDQ
2&VWUHDP0ESVDQG0ESVEHFDXVHWKHSDWKRYHUKHDG
FROXPQLVLQFOXGHGLQVLGHWKH63(RQO\RQFHLQVWHDGRIWKHWKUHHWLPHVLW
ZRXOGEHZLWKWKHWKUHHLQGHSHQGHQW2&VWUHDPV,QRWKHUZRUGV
FROXPQVRIWKHFROXPQVDUHDYDLODEOHIRUXVHUGDWDLQ2&FZKHUHDVRQO\
FROXPQVDUHDYDLODEOHIRUXVHUGDWDLQ2&

'Ljlwdo&Duulhu6/Vwhpv: 6Xudvdn6Dqjxdqsrqj QJXDQ#NXDFWK Kwwszzzfshnxdfwkaqjxdq

Hochgeladen von

Dokumentinformationen

Originalbeschreibung:

Originaltitel

Copyright

Verfügbare Formate

Dieses Dokument teilen

Dokument teilen oder einbetten

Freigabeoptionen

Stufen Sie dieses Dokument als nützlich ein?

Sind diese Inhalte unangemessen?

Copyright:

Verfügbare Formate

'Ljlwdo&Duulhu6/Vwhpv: 6Xudvdn6Dqjxdqsrqj QJXDQ#NXDFWK Kwwszzzfshnxdfwkaqjxdq

Hochgeladen von

Copyright:

Verfügbare Formate

DVZLWFKDWWKHFHQWUDORIILFH&2IRUDORFDOFDOOV

7ELWUDWH[ELWV 0ESV

FRQVHFXWLYHIUDPHVFRPSULVHDVXSHUIUDPHDOVRFDOOHG'IUDPLQJ7KH

&68LVDGHYLFHXVXDOO\UHTXLUHGRQD7RU)7RU7OLQHWKDWSHUIRUPV

(ELWUDWH[ELWV 0ESV

6'+6\QFKURQRXV'LJLWDO+LHUDUFK\ZDVGHYHORSHGLQLWLDOO\E\%HOOFRUHLQ

7KH 621(76'+ WRSRORJ\ FDQ EH D PHVK EXW RIWHQ D GXDO ULQJ

DQG OLQH RYHUKHDG DUH FDOOHG

7KH UHPDLQLQJ FROXPQ KROG [[[

0ESV RI XVHU GDWD FDOOHG

VHFWLRQ RYHUKHDG 7KH QH[W VL[ FRQWDLQ WKH OLQH RYHUKHDG

6\QFKURQRXV 3D\ORDG (QYHORSH RU ,QIRUPDWLRQ 3D\ORDG RU 3D\ORDG

Das könnte Ihnen auch gefallen

'Ljlwdo&Duulhu6/Vwhpv: 6Xudvdn6Dqjxdqsrqj QJXDQ#NXDFWK Kwwszzzfshnxdfwkaqjxdq

Hochgeladen von

Dokumentinformationen

Originalbeschreibung:

Originaltitel

Copyright

Verfügbare Formate

Dieses Dokument teilen

Dokument teilen oder einbetten

Freigabeoptionen

Stufen Sie dieses Dokument als nützlich ein?

Sind diese Inhalte unangemessen?

Copyright:

Verfügbare Formate

'Ljlwdo&Duulhu6/Vwhpv: 6Xudvdn6Dqjxdqsrqj QJXDQ#NXDFWK Kwwszzzfshnxdfwkaqjxdq

Hochgeladen von

Copyright:

Verfügbare Formate



DVZLWFKDWWKHFHQWUDORIILFH &2 IRUDORFDOFDOOV

7ELWUDWH [ELW V 0ESV

FRQVHFXWLYHIUDPHVFRPSULVHDVXSHUIUDPH DOVRFDOOHG'IUDPLQJ 7KH

&68LVDGHYLFHXVXDOO\UHTXLUHGRQD7 RU)7RU7 OLQHWKDWSHUIRUPV

(ELWUDWH [ELW V 0ESV

6'+ 6\QFKURQRXV'LJLWDO+LHUDUFK\ ZDVGHYHORSHGLQLWLDOO\E\%HOOFRUHLQ

7KH 621(76'+ WRSRORJ\ FDQ EH D PHVK EXW RIWHQ D GXDO ULQJ

DQG OLQH RYHUKHDG DUH FDOOHG

7KH UHPDLQLQJ  FROXPQ KROG [[[

 0ESV RI XVHU GDWD FDOOHG

VHFWLRQ RYHUKHDG 7KH QH[W VL[ FRQWDLQ WKH OLQH RYHUKHDG

6\QFKURQRXV 3D\ORDG (QYHORSH RU ,QIRUPDWLRQ 3D\ORDG RU 3D\ORDG

Das könnte Ihnen auch gefallen

DVZLWFKDWWKHFHQWUDORIILFH&2IRUDORFDOFDOOV

7ELWUDWH[ELWV 0ESV

FRQVHFXWLYHIUDPHVFRPSULVHDVXSHUIUDPHDOVRFDOOHG'IUDPLQJ7KH

&68LVDGHYLFHXVXDOO\UHTXLUHGRQD7RU)7RU7OLQHWKDWSHUIRUPV

(ELWUDWH[ELWV 0ESV

6'+6\QFKURQRXV'LJLWDO+LHUDUFK\ZDVGHYHORSHGLQLWLDOO\E\%HOOFRUHLQ

7KH 621(76'+ WRSRORJ\ FDQ EH D PHVK EXW RIWHQ D GXDO ULQJ

7KH UHPDLQLQJ FROXPQ KROG [[[

0ESV RI XVHU GDWD FDOOHG

VHFWLRQ RYHUKHDG 7KH QH[W VL[ FRQWDLQ WKH OLQH RYHUKHDG

6\QFKURQRXV 3D\ORDG (QYHORSH RU ,QIRUPDWLRQ 3D\ORDG RU 3D\ORDG