Beruflich Dokumente
Kultur Dokumente
*8,'(/,1(6
0DQDJHPHQWRI
8QVWDEOH$QJLQDDQG
1RQ67(OHYDWLRQ
0\RFDUGLDO,QIDUFWLRQ
/LVWRI&RQWULEXWRUV
'U5XZDQ(NDQD\DNH
'U65GH6LOYD
'U1DRPDOL$PDUDVHQD
'U:66KDQWKDUDM
&/,1,&$/35$&7,&(*8,'(/,1(6
7DEOHRI&RQWHQWV
,QWURGXFWLRQ
&ODVVLFDWLRQRIIDFLOLWLHVLQWKH
KHDOWKVHFWRU
,QLWLDODVVHVVPHQWRISDWLHQWV
5LVNVWUDWLFDWLRQ
$FXWHFRURQDU\V\QGURPHV
'HQLWLRQ
'LDJQRVLV
5LVNVWUDWLFDWLRQ
0DQDJHPHQW
/RQJWHUPPDQDJHPHQW
0DQDJHPHQWRI8$DQG167(0,
,QWURGXFWLRQ
&ODVVLFDWLRQRIIDFLOLWLHVLQWKHKHDOWKVHFWRU
0LQLPDOIDFLOLW\FHQWUH
7UDLQHGPHGLFDORIFHUKRXUFRYHU
7UDLQHGQXUVHKRXUFRYHU
(&*
&;5
0RQLWRULQJIDFLOLWLHV
$YDLODELOLW\RIWKHIROORZLQJGUXJV
6WUHSWRNLQDVH
/RZPROHFXODUZHLJKW+HSDULQ
,QWHUPHGLDWHIDFLOLW\FHQWUH
$OORIWKHDERYH
,&8,QWHQVLYH&DUH8QLWZLWKWHPSRUDU\SDFLQJIDFLOLWLHV
/DERUDWRU\IDFLOLWLHV
&DUGLDFPDUNHUV
%DVLFKDHPDWRORJLFDOWHVWV
'(FKRFDUGLRJUDSKLFIDFLOLWLHV
)XOOIDFLOLW\FHQWUH
$OORIWKHDERYH
'HGLFDWHGIXOO\HTXLSSHG&&8&RURQDU\&DUH8QLW
,$%3,QWUD$RUWLF%DOORRQ3XPS
9HQWLODWRUVXSSRUW
$YDLODELOLW\RI*3,,E,,,DUHFHSWRUEORFNHUV
KRXU IXQFWLRQLQJ FDUGLDF FDWKHWHUL]DWLRQ ODERUDWRU\
ZLWKLQWHUYHQWLRQDOLVWVWDII
&/,1,&$/35$&7,&(*8,'(/,1(6
,QLWLDODVVHVVPHQWRISDWLHQWVDGPLWWHGZLWKDVXVSLFLRQRI
$FXWH&RURQDU\6\QGURPH$&6
$GPLVVLRQ
&KHVW3DLQ
:RUNLQJ
'LDJQRVLV
6XVSLFLRQRI$FXWH&RURQDU\
6\QGURPH
(&*
3HUVLVWHQW
67
HOHYDWLRQ
67VHJPHQW
GHSUHVVLRQ
1RUPDORU
DW\SLFDO
(&*
%LRFKHPLVWU\
7URSRQLQ
&.0%
7URSRQLQ
7URSRQLQ
WZLFH
QHJDWLYH
5LVN
6WUDWLFDWLRQ
+LJK,QWHUPHGLDWH/RZ
7UHDWPHQW
6HFRQGDU\
3UHYHQWLRQ
3UREDEO\
QRW$&6
0DQDJHPHQWRI8$DQG167(0,
5LVNVWUDWLFDWLRQ
+LJKULVN
1RUHFXUUHQFHRIFKHVWSDLQDIWHUDGPLVVLRQ
1RHOHYDWLRQRIELRFKHPLFDOFDUGLDFPDUNHUV
1R67VHJPHQWGHSUHVVLRQ
1RUPDO(&*
&/,1,&$/35$&7,&(*8,'(/,1(6
$&87(&2521$5<6<1'520(6
([FOXGLQJ67(0,
5,6.675$7,),&$7,21
)URPKLVWRU\SK\VLFDOH[DPLQDWLRQ(&*
PRQLWRULQJEORRGVDPSOHV
+,*+5,6.
$VSLULQ
&ORSLGRJUDO
/0:+RU8)+
1LWURJO\FHULQ
0RUSKLQH
VXOSKDWH
%HWDEORFNHU
6WDWLQ
*3,,E,,,D
UHFHSWRUEORFNHU
LILQGLFDWHG
,17(50(',$7(
$VSLULQ
&ORSLGRJUDO
/0:+RU8)+
1LWURJO\FHULQ
0RUSKLQH
VXOSKDWH
%HWDEORFNHU
6WDWLQ
1RUHVSRQVHWR
PHGLFDOWKHUDS\
RQJRLQJW\SLFDO
DQJLQD
KDHPRG\QDPLF
DOO\XQVWDEOH
75$16)(572)8//
)$&,/,7<&$5',$&
&(175(
$IWHUGLVFXVVLRQZLWK
&RQVXOWDQW
/2:5,6.
$VSLULQ
&ORSLGRJUDO
%HWDEORFNHU
6WDWLQ
2UDOQLWUDWHV
LILQGLFDWHG
5HVSRQGVWR
PD[LPXPPHGLFDO
WKHUDS\
3267',6&+$5*(
5,6.675$7,),&$7,21
7RDVVHVVIRU
LQGXFLEOH
0DQDJHPHQWRI8$DQG167(0,
$FXWHFRURQDU\V\QGURPHV
'HQLWLRQ
,WLVLPSRUWDQWWRREWDLQDFDUHIXOKLVWRU\DQGDSUHFLVH
GHVFULSWLRQRIWKHV\PSWRPV
3DWLHQWVPD\SUHVHQWZLWKH[DFHUEDWLRQRIVWDEOHDQJLQD
RUVHYHUHERXWVRIUHFXUUHQWFKHVWSDLQRIUHFHQWRQVHW
$W\SLFDOSUHVHQWDWLRQVLQFOXGHVXGGHQRQVHWRIVKRUWQHVV
RIEUHDWKGLDSKRUHVLVRUHSLJDVWULFGLVFRPIRUW
3K\VLFDOH[DPLQDWLRQ
&/,1,&$/35$&7,&(*8,'(/,1(6
3DWLHQWVVKRXOGEHFDWHJRUL]HGLQWRKLJKLQWHUPHGLDWH
DQGORZULVNJURXSVDQGPDQDJHGDFFRUGLQJO\YLGH
FKDUW1R
+LJK ULVN SDWLHQWV DUH WKRVH ZLWK SURORQJHG !PLQ
RU UHFXUUHQW FKHVW SDLQ RIWHQ UHIUDFWRU\ WR PHGLFDO
PDQDJHPHQW7KH\PD\EHKDHPRG\QDPLFDOO\XQVWDEOH
ZLWK HYLGHQFH RI KHDUW IDLOXUH K\SRWHQVLRQ RU GHYHORS
OLIHWKUHDWHQLQJDUUK\WKPLDVHJYHQWULFXODUWDFK\FDUGLD
EULOODWLRQ 7KH FDUGLDF WURSRQLQ OHYHOV DUH XVXDOO\
HOHYDWHG7KH(&*IUHTXHQWO\VKRZV!PP67GHSUHVVLRQ
LQPXOWLSOHOHDGV
,QWHUPHGLDWHULVNSDWLHQWZRXOGKDYHDIHZRIWKHIHDWXUHV
PHQWLRQHGDERYH
/RZ ULVN SDWLHQWV XVXDOO\ GR QRW KDYH D UHFXUUHQFH RI
FKHVW SDLQ DIWHU DGPLVVLRQ 7KHUH LV QR HOHYDWLRQ RI
ELRFKHPLFDOFDUGLDFPDUNHUVRIDQ\67VHJPHQWFKDQJHV
7KH(&*LVOLNHO\WREHQRUPDO
0DQDJHPHQWRI8$DQG167(0,
0DQDJHPHQW
$Q\SDWLHQWZLWKDW\SLFDOKLVWRU\VXJJHVWLYHRI$&6
VKRXOGEHDGPLWWHGWRKRVSLWDO
$VSLULQ PJ DQG D ORDGLQJ GRVH RI &ORSLGRJUHO
PJ VKRXOG EH JLYHQ RQ DGPLVVLRQ XQOHVV
FRQWUDLQGLFDWHG
2[\JHQRUDORULQWUDYHQRXVQLWUDWHVDQGLQWUDYHQRXV
PRUSKLQH VKRXOG EH JLYHQ DV UHTXLUHG &RQWLQXRXV
(&*PRQLWRULQJLVGHVLUDEOH
$OO SDWLHQWV ZLWK VXVSHFWHG $&6 VKRXOG EH RQ ORQJ
WHUP $VSLULQ WR PJ GDLO\ DQG FRQWLQXHG
LQGHQLWHO\3DWLHQWVVKRXOGDOVREHRQ&ORSLGRJUHO
PJGDLO\IRUDPLQLPXPRIWRPRQWKV
3DWLHQWVVKRXOGDOVREHRQXQIUDFWLRQDWHGKHSDULQRU
ORZPROHFXODUZHLJKWKHSDULQ/0:+IRUDSHULRGRI
WRGD\V
7KH GRVDJH RI XQIUDFWLRQDWHG KHSDULQ UHTXLUHV
PRQLWRULQJ DFFRUGLQJ WR $377 ZKLFK VKRXOG EH
PDLQWDLQHGDWWZLFHWKHFRQWUROYDOXH
/RZPROHFXODUZHLJKWKHSDULQLH(QR[DSDULQPJ
NJEGLVJLYHQVXEFXWDQHRXVO\DQGGRHVQRWUHTXLUH
PRQLWRULQJ(OGHUO\SDWLHQWVRYHU\HDUVVKRXOG
EH JLYHQ D ORZHU GRVH GXH WR WKH ULVN RI EOHHGLQJ
LHPJNJEG
+LJKULVNSDWLHQWVDQGWKRVHLQZKRPDSHUFXWDQHRXV
FRURQDU\ LQWHUYHQWLRQ 3&, LV SODQQHG PD\ EH
FRQVLGHUHG IRU JO\FRSURWHLQ ,,E,,,D *3,,E,,,D
UHFHSWRUEORFNHUV
'XHWRWKHULVNRIEOHHGLQJDOOSDWLHQWVRQPXOWLSOHDQWL
WKURPERWLFGUXJVVKRXOGEHFORVHO\PRQLWRUHG
)LEULQRO\WLFV DUH FRQWUDLQGLFDWHG LQ SDWLHQWV ZLWKRXW
SHUVLVWHQW67HOHYDWLRQ
&/,1,&$/35$&7,&(*8,'(/,1(6
$JJUHVVLYHULVNIDFWRUPRGLFDWLRQLVZDUUDQWHGLQDOO
SDWLHQWV
&HVVDWLRQRIVPRNLQJLVPDQGDWRU\
%ORRGSUHVVXUHFRQWUROVKRXOGEHRSWLPL]HG
6HUXP OLSLG OHYHOV VKRXOG EH PRQLWRUHG DW UHJXODU
LQWHUYDOVVRWKDWWDUJHWOHYHOVDUHPDLQWDLQHG
&RQWURORIGLDEHWHVVKRXOGEHRSWLPL]HG
$&( LQKLELWRUV VKRXOG EH FRQVLGHUHG LQ KLJK ULVN
SDWLHQWV
6LQFHFRURQDU\DWKHURVFOHURVLVDQGLWVFRPSOLFDWLRQVDUH
PXOWLIDFWRULDOPXFKDWWHQWLRQVKRXOGEHSDLGWRWUHDWDOO
PRGLDEOHULVNIDFWRUVLQDQGHIIRUWWRUHGXFHUHFXUUHQFH
RIFDUGLDFHYHQWV