,03257$17(6,16758&&,21(6'(6(*85,'$'
$'9(57(1&,$
3DUDUHGXFLUHOULHVJRGHTXHPDGXUDVFKRTXHHOpFWULFRLQFHQGLRGDxRV
FRUSRUDOHVDSHUVRQDVRH[SRVLFLyQDHQHUJtDGHPLFURRQGDVH[FHVLYD
/HDWRGDVODVLQVWUXFFLRQHVDQWHVGHXVDUHODUWHIDFWR
(QIRUPDHVSHFLDOOHD\DWLHQGDODV
35(&$8&,21(63$5$(9,7$5
/$326,%/((;326,&,Ï1$(1(5*Ë$'(
0,&5221'$6(;&(6,9$6
TXHHQFRQWUDUiHQODSiJLQDGHHVWHPDQXDO
(VWHDSDUDWRHOHFWURGRPpVWLFRGHEHVHUFRQHFWDGRDWLHUUD(QFKXIHVRODPHQWHHQXQWRPDFRUULHQWHGHELGDPHQWH
FRQHFWDGRDWLHUUD9pDVH
,16758&&,21(6'(&21(;,Ï1$
7,(55$
HQODSiJLQDGHHVWHPDQXDO
,QVWDOH\VLW~HHVWHDUWHIDFWRVyORVLJXLHQGRODVLQVWUXFFLRQHVGHLQVWDODFLyQSURSRUFLRQDGDVHQHVWHPDQXDO
$OJXQRVSURGXFWRVWDOHVFRPRKXHYRVHQWHURV\HQYDVHVVHOODGRVIUDVFRVFHUUDGRVSRUHMHPSORSXHGHQH[SORWDU
\SRUORWDQWRQRGHEHQVHUFDOHQWDGRVHQHOKRUQRGHPLFURRQGDV
8VHHVWHDUWHIDFWRVyORSDUDORVILQHVGHVFULWRVHQHVWHPDQXDO1RXWLOLFHSURGXFWRVTXtPLFRVFRUURVLYRVRYDSRUHV
HQHVWHDSDUDWR(VWHWLSRGHKRUQRHVWiGLVHxDGRHVSHFtILFDPHQWHSDUDFDOHQWDUFRFLQDURVHFDUDOLPHQWRV1ROR
HVWiSDUDXVRVLQGXVWULDOHVRSDUDODERUDWRULRV
&RPRFRQFXDOTXLHURWURDUWHIDFWRHOHFWURGRPpVWLFRVHGHEHHMHUFHUHVWUHFKDVXSHUYLVLyQFXDQGRKDGHVHUXVDGR
SRUQLxRV
1RRSHUHHVWHDUWHIDFWRVLHOFRUGyQHOpFWULFRRHOHQFKXIHHVWiQGDxDGRVRHQPDOHVWDGRVLQRHVWiIXQFLRQDQGR
GHELGDPHQWHVLHODUWHIDFWRSURSLDPHQWHGLFKRKDVXIULGRGDxRVRVHKDFDtGR
(VWHDUWHIDFWRGHEHVHUUHSDUDGR~QLFD\H[FOXVLYDPHQWHSRUSHUVRQDOLGyQHRFDOLILFDGR'LUtMDVHDOFHQWUR
DXWRUL]DGRGHVHUYLFLRPiVFHUFDQRSDUDFXDOTXLHUUHYLVLyQUHSDUDFLyQRDMXVWH
1RFXEUDQLEORTXHHQLQJXQDGHODVDEHUWXUDVGHYHQWLODFLyQGHHVWHDSDUDWR
1RJXDUGHHVWHDUWHIDFWRDODLQWHPSHULH1RXWLOLFHHVWHDUWHIDFWRFHUFDGHODJXDSRUHMHPSORFHUFDGHOVXPLGHUR
GHODFRFLQDHQXQVyWDQRK~PHGRFHUFDGHXQDSLVFLQDDOEHUFDRSLOHWDQLHQOXJDUHVSDUHFLGRV
1RVXPHUMDHOFRUGyQHOpFWULFRQLHOHQFKXIHHQDJXDQLSHUPLWDTXHVHPRMHQ
0DQWHQJDHOFRUGyQHOpFWULFRGHHVWHDUWHIDFWROHMRVGHVXSHUILFLHVFDOLHQWHV
1RGHMHTXHHOFRUGyQHOpFWULFRFXHOJXHSRUHQFLPDGHOERUGHGHODPHVDRPXHEOHGRQGHWHQJDHOPLFURRQGDV
D&XDQGROLPSLHODVVXSHUILFLHVGHODSXHUWD\GHOKRUQRTXHVHMXQWDQFXDQGRFLHUUDODSXHUWDXWLOLFHVRODPHQWH
XQMDEyQRGHWHUJHQWHVXDYHQRDEUDVLYRDSOLFDGRFRQXQDHVSRQMDRSDxRVXDYHRFXDQGRLQVWUXFFLRQHVGH
OLPSLH]DVHSDUDGDVDSOLFDQE9pDVHLQVWUXFFLRQHVSDUDOLPSLDUODVXSHUILFLHGHODSXHUWDHQODSiJLQDRVHFFLyQ
HVSHFLILFDDVHULQFOXLGDHQHVWHPDQXDO
3DUDUHGXFLUHOULHVJRGHLQFHQGLRGHQWURGHODFDYLGDGGHOKRUQRGHPLFURRQGDV
D1RVREUHFRFLQHORVDOLPHQWRV9LJLOHFXLGDGRVDPHQWHHOKRUQRHVSHFLDOPHQWHVLVHKDFRORFDGRSDSHOGHQWURGHO
KRUQRSOiVWLFRVXRWURVPDWHULDOHVFRPEXVWLEOHVSDUDIDFLOLWDUODFRFFLyQ
E5HPXHYDWRGRDODPEUHXWLOL]DGRSDUDFHUUDUEROVDVGHSDSHORGHSOiVWLFRTXHLQWURGX]FDHQHOKRUQR
F6LDOJ~QSURGXFWRHQHOKRUQRVHLQFHQGLDUD0$17(1*$/$38(57$'(/+2512&(55$'$DSDJXHHO
KRUQRGHLQPHGLDWRGHVFRQHFWHHOFRUGyQHOpFWULFRGHOWRPDFRUULHQWHRDSDJXHHOLQWHUUXSWRUGHOIXVLEOH
FRUUHVSRQGLHQWHHQHOSDQHOGHIXVLEOHV
G1RXWLOLFHODFDYLGDGGHOKRUQRSDUDSURSyVLWRGHDOPDFHQDMH1RGHMHSURGXFWRVGHSDSHOXWHQVLOLRVGH
FRFLQDRDOLPHQWRVHQODFDYLGDGGHOKRUQRFXDQGRQRHVWpHQXVR
1RFDOLHQWHQLQJ~QWLSRGHDOLPHQWRVHQELEHURQHVQLHQUHFLSLHQWHVGHDOLPHQWRVSDUDEHEpVHQJHQHUDO3XHGH
RFXUULUFDOHQWDPLHQWRGHVLJXDOFDSD]GHFDXVDUGDxRVFRUSRUDOHV
(YLWHFDOHQWDUUHFLSLHQWHVRIUDVFRVTXHWHQJDQFXHOORHVWUHFKRWDOHVFRPRERWHOODVGHVLURSH
(YLWHXVDUFRUURVLYRV\YDSRUHVWDOHVFRPRVXOIDWRVRFORUR
(YLWHHOFDOHQWDPLHQWRGHOtTXLGRVHQFRQWHQHGRUHVGHFLHUWDVIRUPDVHVSHFLDOPHQWHFLOtQGULFDVSRUTXHVX
FRQWHQLGRSXHGHVREUHFDOHQWDUVH(OOtTXLGRSXHGHVDOSLFDUYLROHQWDPHQWHFRQXQIXHUWHUXLGRGXUDQWHRGHVSXpV
GHFDOHQWDUORRFXDQGRVHOHDxDGHQLQJUHGLHQWHVFDIpLQVWDQWiQHRHWFORTXHSXHGHUHVXOWDUHQGDxRDOKRUQR
\SRVLEOHVKHULGDVFRUSRUDOHV(QWRGRWLSRGHFRQWHQHGRUHVSDUDREWHQHUPHMRUHVUHVXOWDGRVHVPHMRUUHYROYHU
HOOtTXLGRYDULDVYHFHVDQWHVGHFDOHQWDU6LHPSUHUHYXHOYDHOOtTXLGRYDUtDVYHFHVHQWUHXQDDFFLyQGHUHFDOHQWDU
\RWUD
&216(59((67$6,16758&&,21(6