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92/256

@|aec`g `|cc E| 7:"9^cxc`ydxy| 6

G@GZ 730"730;#R ! @dceg X|cnge !! @dczg = pi|% eay%

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96/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"8 +% \i}% e dl% |ab%$ iefd% Lcldcaf|% e eaxi$ z% 769"76>+%

Z|yxigey$ Zix|y% Zix|y Z|yxigey = ,Zc`xg|ig c`ageida| ipxi a pdymc"|i hyka~ec`igp`, 2 2 Zgcexcef c`aep cp gpg`|ih pi|~c`i = _cexi|~cy `y hi`geyd Ng`% hi Xiadafci hi dg IhceiR ! cexi|da`yxa| =Cfa| Ze}g|y !! Badha~g = pi|% eay% = nax% Xi{x zg|gd% = dl% |ab%$ iefd%$ |yp%

03>:% Pxe`cydip`y"L|hg$ Gd% @xi~g `abiexg|cc dg \ifydgbiexyd hia|fgec}g|i c nye`caeg|i g Lcpi|c`cc A|xaha{i \abei ! Gd% Pxe`cydip`y"L|hg !!Dybcexa|yd%

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97/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

36

@apxgehg`kc !! I`aeabci c pa`cadafci%

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98/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:" = nax% Chibe dl% |yp%

03>3% Fadig$ Gegxad% Ye eay z|af|ip1 = _hipz|i z|aldibidi |ifdibiex"|cc `aendc`xydyc x|gepecpx|igeR ! Gegxad Fadig !! Z|ancx%

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99/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

33

0366% Baexcp$ @ipg|i hi% ,Pyex py|z|cep ` xcei|cc badha~iec glpad~ip`i`aeabcg$ hg| ey"c dgepig} a gng`i|i, = _cexi|~cy `y @% hi Baexcp$ pinyd hidifgcic

@abcpcic Iy|aziei e Badha~gR ! cexi|da`yxa| = C|ceg X|clypige? nax% = Geh|ic Bg|hg|i!! ^CZ bgfg}ce% = nax%

0363% ^gfgl}ghi$ Cpngehcg|% G{g Lgoy @kccey ipxi x|gcec` c hiehimhi 2 2 Lgoy Ocpkcegy g{cp cp px|aefgeh |idcgldi = _cexi|~cy `y C% ^gfgl}ghi$ gblgpgha|yd I{x|ga|hceg| c Zdieczaxiecg|

gd \iz% G}i|lgchmge e Badha~gR ! cexi|da`yxa| = ^c`xa| ^ap`alacec` !! Badha~g = pi|%eay%

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@|aec`g g|xc`adida| hi |i~cpx E| 7:" xcx%

+^i}c hi gpibieig E| 8769"6>#00< I`aeabci |ifcaegd% I`aeabcg zbexydyc c g z|az|cixcc% I`aeabcg naehydyc hi

da`ycei

033:% Zazip`y$ Pcd~cg% Gegdc}g ~gda|cc c z|iydyc hi zcg g zbexydycgf|c`ad ! Pcd~cy Zazip`y !! I`aeabci c pa`cadafci%

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101/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7:7

008 Na|bi hi a|fgec}g|i c `aazi|g|i e g`xc~cxgxig i`aeabc`

0337% Lcdg$ Dyhbcdg% @ydxy|g a|fgec}gcaegd ng`xa| gd g~gexgmydyc`ae`y|iecgd gd ex|iz|cehi|cc ! Dyhbcdg Lcdg$ C|ceg Ha|afgcg !! I`aeabc`g% 3 = ncf% \i}% e dl% iefd% Lcldcaf|% => xcx%

0330% Cae`y$ Adif% Zapclcdcxc hi yxcdc}g|i i |i}ydxgxida| `kipxcae|cc pzi"`cgdcxcda| e nyehgbiexg|ig hi`c}ccda| hi bg|oixcef = _dg ex|iz|cehi|cdi bc`ydyc lypc"

eippR ! Adif Cae`y !! I`aeabc`g%

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102/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:" = nax%

8::0% ^adec`kc$ Cfa|% Fy~i|e eay lyfix ~i`kc = _hipz|i px|y`xy|g ly"fixydyc hi pxgx ziex|y geyd = xgl% \i}% e dl% iefd% Lcldcaf|% = 0 xcx%

7/23/2019 BNM 10-2008

103/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7:0

8::3% Fa|alci~p`kc$ P~ixdgeg% Hi`c}ccdi bgegfi|cgdi e nye`caeg|ig`abzdi{y|cda| cehypx|cgdi = gpzi`xi bixahadafc`i ! P~ixdgeg Fa|alci~p`kc !! I`aea"bc`g% xcx%

8:76% Fa|ahie`a$ Gegxadci% Gegxadci Fa|ahie`a = ,Ziex|y Badha~ggf|c`ydxy|g ipxi lypceippyd ~ccxa|ydyc, = _cexi|~cy `y bce% Gf|c`ydxy|cc c Cehypx|cic Gdc"biexg|iR ! cexi|da`yxa| = |iz% |i~% !! Gf|c`ydxy|g Badha~ic%

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@|aec`g g|xc`adida| hi |i~cpx E| 7:"

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105/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7:9

8:% @calgey$ A`xg~cge% \adyd ea|bida| hiaexadafc`i e |chc`g|ig gyxa"|cxcc `adgla|gxa|cda| ~gbgdc ! A`xg~cge @calgey$ Xgxcgeg @calgey !! \i~% Eg% hiH|izx% 3"6

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106/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"8 = nax%

8:03% Lac$ Bg|cyp% \abecg c a`yd fdalgdc}|cc ! Bg|cyp Lac$ Ibcdcg@aepxgexce !! I`aeabc`g%

7/23/2019 BNM 10-2008

107/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7:6

8:88% Lalg|y$ Geg Hgecidg% Ng}g ghbcecpx|gxc~ g g`cyecc e `aepxgxg"|ig eiehizdcec|cc hi `x|i pxgxidi"bibl|i g aldcfgccda| `i di |i~ce `aena|b x|gxgxydyc! Geg Hgecidg Lalg|y !! Difig c ~cgg% 6% \i}% e dl% iefd%$ |yp% Lcldcaf|% e eaxi$ z% >6+0: xcx%#%

8:8>% @|eg$ Xiaha|% Gpzi`xi xia|ixc`i c z|g`xc`i gdi z|axim|cc h|izxy"|cda| abydyc c idcbceg|ig hcp`|cbce|cc z|ce cexi|bihcyd a|fgec}gccda| alxixc ! Xiaha|

@|eg !! \i~% Eg% hi H|izx%

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108/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:":% \i}% e dl% iefd%$|yp% Lcldcaf|% e eaxi$ z% >: +9 xcx%#%

8:90%

Pg`gfcy$ ^dghcbc|% My|cphc`cg @y|cc Ziegdi Cexi|egcaegdi e |gza|x`y py~i|gecxgxig hi pxgx ! ^dghcbc| Pg`gfcy !! \i~cpxg Badha~ieigp` hi H|izx Cex%c \idgcc Cex% +73 xcx%#%

8:>:% Zazip`y$ Hybcx|y% Zg|xc`czg|ig \izyldc`cc Badha~g dg x|gxgxi ca|fgec}gcc cexi|egcaegdi i{z|ipci g `aepadch|cc py~i|gecxcc c cehiziehieic hi

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109/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7:3

pxgx ! Hybcx|y Zazip`y !! \i~cpxg Badha~ieigp` hi H|izx Cex% c \idgcc Cex% 0% $ % ! % $ % !! % % @calgey$ Cfa|% Zpckadafcg z|c~|cc hi dcli|xgxi c g |i"pa`cgdc}|cc`aehgbegcda| ! Cfa| @calgey !! Difig c ~cgg%

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110/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:";% \i}% e dl% iefd% Lcldcaf|% e eaxi$ z% >; +7< xcx%#%

8:60% Papeg$ Gdi{geh|y% @a|yzcg e Badha~g c dyzxg `aex|g ic ! Gdi"{geh|y Papeg$ Pxizge @gpb !! Difig c ~cgg% % $ % " ! % $ % !! %

7/23/2019 BNM 10-2008

111/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

777

086 H|izx `c~cd

086%

8:63% Zyc`$ Zgyd \ali|x% Xg`cxg |ida`gcyei e |ifdibiexg|ig iy|azig"e c egcaegd ! Zgyd \ali|x Zyc` !! \i~% Eg% hi H|izx% "9;% \i}% e dl% iefd% Lcldcaf|% e eaxi$ z% 9; +7: xcx%#%

086%8 Aldcfgcc% @aex|g`xi% @ae~iecc

8:;:% Hy$ Bg|cg Bgfhgdieg% \pzyehi|ig gpa`cgccda| hce pa`cixgxigce eybi `adi`xc~ ng hi pa`cixgxi ! Bg|cg Bgfhgdieg Hy !! Difig c ~cgg% 9 +

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112/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"%

8:3:% @adah|a~p`kc$ ^cxgdci% @aepchi|gcc z|c~ceh h|izxy|cdi z|cda| ez|a`ip e `gh|yd hcpzyei|cc c ini`xy|cc i{zi|xc}ic myhc`cg|i ! ^cxgdci @adah|a~p`kc !!G~a`gxyd zaza|ydyc%

7/23/2019 BNM 10-2008

113/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

770

8:38% @a|eig$ ^gdiexceg% Pxyhcy z|c~ceh z|aldibidi da`gdi c `gzg`cxgxigncdgex|azc` g zazydgcic = `g}yd a|gydyc @gkyd ! ^gdiexceg @a|eig !! I`aeabci cpa`cadafci% >$ 8:6GPCPXIE PA@CGD%GPCFY\\C PA@CGDI

0>8 Z|aldibi pa`cgdi `g|i |i`dgb gmyxa| c gpcpxie% Xczy|c hi gmyxag|i pa`cgdi

8:3>%

Dc~c`kc$ A{geg% Hc|i`cc hi zi|ni`caeg|i g p`gdida| hi i`kc~gdieyxcdc}gxi dg gegdc}g p|`cic e \izyldc`g Badha~g ! A{geg Dc~c`kc !! I`aeabc`g% xcx%

0>; Gpcfy||c

8:33% Lgdglge$ Pi|fcy% \gxcefyd pcfy|geic `abzgeccda| hi gpcfy||c `ae"na|b lcdgeydyc pibipx|ydyc C

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114/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"

7/23/2019 BNM 10-2008

115/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

779

8777% ^idc`a$ Eghimhg% Bahi|ec}g|ig bydxcgpzi`xygd c `aepi`~iex gpcpxibydyc hi ihy`gci gpcfy|g|ig hi}~adx|cc c lyepx|cc `ixigeydyc ! Eghimhg^idc`a !! Hchg`xc`g Z|a = ncf%

8778% Li|eg}$ Eceg% Na|bg|ig hi `abzixiei dg di`ccdi hi lcadafci = hidg `gh|yd fiei|gd dg `id zg|xc`ydg| ! Eceg Li|eg} !! Hchg`xc`g Z|a

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116/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:" = xgl%

873 = ncf%

87

7/23/2019 BNM 10-2008

117/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

776

8700% ~c|`ye$ ^c`xa|% @gzg`cxgxig hcegbc` g `gh|ydyc hchg`xc` c `gdcxg"xig ! ^c`xa| ~c|`ye !! Hchg`xc`g Z|a Ihy`gcg c cepx|yc|ig yea| `gxifa|cc pzi`cgdi hi zi|pagei% e~bex pzi`cgd

8709% @ama`g|y$ ^ca|c`g% @gdcxgxig c `gexcxgxig e ihy`gcg ce`dy}c~ !^ca|c`g @ama`g|y !! Hchg`xc`g Z|a ; = nax%$ xgl% Lcldcaf|% = 6 xcx%

8706% Mgdl$ Xgxcgeg% \adyd `gh|ydyc hchg`xc` hi pz|cmce e `agdg `y z|g`"xc`c ce`dy}c~i ! Xgxcgeg Mgdl !! Hchg`xc`g Z|a ;"6: = nax%$ xgl% Lcldcaf|% = > xcx%

870;% Pada~ic$ \ahc`g% Pyfipxcc bixahadafc`i hi z|aba~g|i g ihy`gcice habiecyd h|izxy|cda| abydyc = _e `g}yd `azccda| `y hc}glcdcxcR ! \ahc`g Pada~ic !!Hchg`xc`g Z|a 8 = nax% Lcldcaf|% = 6 xcx% @aexce% e`izyxyd = E| %

8787% @cbzai$ Fkia|fki% Yec~i|pcxgxig Gf|g| hi Pxgx hce Badha~g dg69 hi gec ! Fkia|fki @cbzai !! Gf|c`ydxy|g Badha~ic% xcx%

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118/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"

7/23/2019 BNM 10-2008

119/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

773

@ifg|a~p`gcg? nax% = ^ghcb Zyxcei~ !! Badha~g Xy|cpxc`%

7/23/2019 BNM 10-2008

120/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"8"76: = ncf%$ xgl% Lcldcaf|% = 7< xcx%

87>:% @ilge$ @|cpxceg% Hi}~adxg|ig i`aeabc` hy|glcd c z|axi`cg bi"hcydyc e`aemy|xa| = z|aldibi fdalgdi gdi ybgecxcc ! @|cpxceg @ilge$ Gdi{geh|yLy|cge !! \i~cpxg Badha~ieigp` hi H|izx Cex% c \idgcc Cex% 7%

,, % " + # $ ! $ $ $ !! Lyd% G`gh% hi xccei g Badha~ic% xcceidi ~cicc%

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121/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

79% Gz|i`ci|ig ceaniepc~cxcc c `gdcxcc z|ahypida| dg`xgxi$ ce`dypc~ `i"da| `i `aece nda|g z|alcaxc` zi zg|`y|pyd ngl|c`|cc$ zpx||cc c |igdc}|cc hyz cehc`cc

bc`|alcadafc`c ! P~ixdgeg Z|yhec`caea`$ xinge Zdyfg|y$ Adfg @axi _ix gd%R !! Lyd%G`gh% hi xccei g Badha~ic% xccei bihc`gdi% XCCEI GZDC@GXI% BIHC@CE% XIKEC@

>7BIHC@CE

>7< Nc}cadafci% Nc}cadafci `abzg|gx

87>6% P|ly$ ]cegchg% @aeni|ceg xccecnc`a"z|g`xc` ,Pexgxig |iz|a"hy`xc~ g ngbcdcic, = _zi bg|fceig bgxi|cgdida| `aen%$ :3%:3%70%> \cp`y|c c exbzd|c z|anipcaegdi z|c~ceh pexgxig% Cfcieg c pexgxig bye`cc

876:% Gegdc}g ba|lchcxcc `y ce`gzg`cxgxi xibza|g| hi bye` g azi|g"xa|cda| @@ c PC hce xidi`abyec`gcc ! Fkia|fki Apx|ani$ Gdcaeg Xckae$ @xdce@|acxa|y$ Idieg @calgey !! Lyd% G`gh% hi xccei g Badha~ic% xccei bihc`gdi%

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122/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"9% \i}% e dl% |ab%$ iefd% Lcldcaf|% = z% >:">8%

>70%3 Pexgxi c cfcie e difxy| `y |gpg$ ~|pxg$ pi{yd

8768% N|czxydig`$ F|cfa|i% I~gdyg|ig cfciec` g ng`xa|cda| pa`ca"hibaf|gnc`c e na|bg|ig px|cc hi pexgxi g idi~cda| hce da`gdcxcdi |y|gdi ! F|cfa|iN|czxydig`$ ^dghcbc| Li|ec` !! Lyd% G`gh% hi xccei g Badha~ic% xccei bihc`gdi%

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123/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7

7/23/2019 BNM 10-2008

124/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"79 Ng|bg`adafci% Xi|gziyxc`% Xa{c`adafci>79%7!%8 Ng|bg`ci fiei|gd c z|anipcaegd% Bihc`gbiexi `dgpcnc`gxi hyz a|cfceig da|%

Z|izg|gxi ng|bg`iyxc`i% Bgxi|cgdi c yxcdgmi bihc`gdi

87;6% Li|hap$ Ha|cge% Ye ncdapan gd gng`i|cda| = _cexi|~cy `y lypceippbg"eyd H% Li|hap z|c~ceh `ae`izxyd hi ng|bg`cc hce Badha~gR ! cexi|da`yxa| = \ahc`gX|ancba~? nax% = \abge \lgdca~ !! ^CZ bgfg}ce%

7/23/2019 BNM 10-2008

125/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

779%3 Xa{c`adafci% Pxyhcc fiei|gdi gpyz|g ax|~y|cda| +cexa{c`gccda|#

8739% Zgexig$ ^gdi|cy% Ec~idyd c px|y`xy|g cexa{c`gccda| kglcxygdi g`yxihi a|cfcei `kcbc` e |ehyd zazydgcic ! ^gdi|cy Zgexig$ @xdceg @|acxa|y$ Dyhbcdg@igy`cy` !! Lyd% G`gh% hi xccei g Badha~ic% xccei bihc`gdi% %< Zgxadafcg pcpxibydyc |ipzc|gxa|% Ladc gdi a|fgeida| hi |ipzc|gci

8736% Lyxa|a~$ Pi|fkic% X|gxgbiexyd `y Niepzc|ch a eay cex el|aekazeiybazgxci `|aec` alpx|y`xc~ 2 Niepzc|ch X|igxbiex xki eiv Xg|fix ce@k|aec` Alpx|y`xc~i Zydbaeg|s Hcpigpi ! Pi|fkic Lyxa|a~ !! G|xg Bihc`g%

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126/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"6 = xgl% \i}% e dl% iefd%$ |yp% Lcldcaf|% = 76 xcx%

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127/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7%0 Zgxadafci pcpxibydyc hcfipxc~% Ladcdi xylydyc gdcbiexg|

8

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128/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"%; Eiy|azgxadafci% Eiy|adafci

8

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129/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

76 = ncf%$ xgl% \i}% e dl% |ab%$ iefd% Lcldcaf|% = > xcx%

8

7/23/2019 BNM 10-2008

130/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"3 =xgl% \i}% e dl% iefd%$ |yp% Lcldcaf|% = 7: xcx%

876%9 @kc|y|fci |ifcaegd$ xazaf|gnc`% Gni`cyec |ifcaegdi

8

7/23/2019 BNM 10-2008

131/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

707

X|igxbiex ce Zgxciexp Vcxk Gx|cgd Pizxgd Hini`xp ! ^% @a|`ig !! G|xg Bihc`g%

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132/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"

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133/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

700

> = ncf%$ xgl% \i}% e dl% iefd% Lcldcaf|% = 0GF\C@YDXY\%XCCEI C Z\A@IHII E\YHCXI%PCD^C@YDXY\%I[ZDAGX\CGF\C@ADI C GDI ^CICC PDLGXC@I

>0: Pcd~c`ydxy|

80% @y}g$ Z% Hixi|bceg|ig z|a`ipida| hi |izg|g|i g n|ye}ida| dgWyi|`yp \aly| D% hyz gzdc`g|ig a`ydyc xi|bc` ! Z% @y}g$ D% `y$ Gd% Hgp`gdcy` !!Lyd% G`gh% hi xccei g Badha~ic% xcceidi ~cicc%

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134/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"07%8 xcceg padydyc% Zihadafci% @i|`ix|c zihadafc`i

8>% Y|py$ G% Pady|cdi ~i|xc`i nieabie zihafieixc` cex|g}aegd ! G%Y|py !! Lyd% G`gh% hi xccei g Badha~ic% xcceidi ~cicc% 00!>09 Ka|xc`ydxy|

>00 @ydxy|g zdgexida| hi `bz>00%7 @i|igdi% \i`adxi hi f|ei

8;% Lghc`ige$ Hybcx|y% I~gdygxcae an fieip i{z|ippcae ce bgc}ifieaxszip vcxk hcnni|iex hif|iip an h|ayfkx xadi|ge`i$ gx xki nc|px pxgfip an hi~id"azbiex ! Hybcx|y Lghc`ige !! Lyd% G`gh% hi xccei g Badha~ic% xcceidi ~cicc%

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135/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

709

idi Egxy|cc c By}iadafci = pi|% eay% E| 6% Z% 00%9 Zdgexi xi{xcdi c ncl|agpi8

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@|aec`g g|xc`adida| hi |i~cpx E| 7:" ]aaxikeci% @|ixi|ig c ebydc|ig gecbgdida|% @|ixi|ig ~cxida|$ g izxidydyc% ebyd"

c|ig gecbgdida| habipxc`i

+^i}c E| 8780#

>0>%7 @glgdcei habipxc`i% @gc

8

7/23/2019 BNM 10-2008

137/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

706

% 0; ex|icei|ig$ `|ixi|ig c yxcdc}g|ig cepi`xida| c g gdxa| g|x|azahi

8% Lyma|$ Cdci% L|cd$ z|cp`g|yd 2 2 L|gcdg$ xkiliioiizi| = _hipz|i ^dghcbc| L|cd hce pgxyd Bcdixcc Bc`c$ |gcaeyd Cgda~iecR ! Cdci Lyma|!! Badha~g = pi|% eay% "06 = nax% Xi{x zg|gd% = dl% |ab%$ iefd%$|yp%

>03%7 ^exag|i

88

7/23/2019 BNM 10-2008

138/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

703

80::% N|ybypg`kc$ ^gdi|cy% Hagbeg hi nci| c fiei|gdyd hce ybl| = _ce"xi|~cy `y P~ixdgeg c ^gdi|cy N|ybypg`kc$ ncdi hce ~cgg `|gcec`cda| X^R ! cexi|da`yxa| =\ahc`g X|ancba~ !! ^CZ bgfg}ce% "80 = nax%

80:7% Pgehy$ Ndg~cy% Ndg~s Hiimgs dg Ocpp NB = _cexi|~cy `y N% Pgehy$ HmOcpp NBR ! cexi|da`yxa| = Dcdcg Da}ge !! Zyeox% > = nax%

80:8% ^i|liecy`$ \ahc`g% Zg|nyb hi nibici = = _cexi|~cy `y \%^i|lgecy`$ ing pi`cic @abyec`|c @a|za|gxc~i ,Badh`idd,R ! cexi|da`yxa| = \ahc`g@ca|ec`? nax% = \abge \lgdca~ !! ^CZ bgfg}ce%

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@|aec`g g|xc`adida| hi |i~cpx E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

787

807;% $ % 0%

80>0!>>8 Bc`|alcadafci cehypx|cgd% Cehypx|cc hi ni|biexg|i

+^i}c E| 8:>8%0 Ydicy|c c f|pcbc gdcbiexg|i% Gdcbiexi `y z|axicei

80

7/23/2019 BNM 10-2008

142/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:";9 @y|id|ci% e`dbcexi% Beyc% G|xc`adi ziex|y `dxa|cc$ pza|x$ ma`y|c c gdxidi

80

7/23/2019 BNM 10-2008

143/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

780

60!6>G\XI ZDGPXC@I%G\XI HI@A\GXC^I

60G\XI ZDGPXC@I

800:% @ama`g|y$ Gy|idcg% Gdi{gehi| @gdhi|$ h|ipa|yd bgxi|cic = _ncdi hip"z|i `|igcg p`ydzxa|ydyc gbi|c`ge +7;3;"736>#R ! Gy|idcg @ama`g|y !! @dczg = pi|% ea"y%

7/23/2019 BNM 10-2008

144/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"6 = nax% Xi{x zg|gd% = dl%|ab%$ iefd%$ |yp%

8003% ^dgk$ P~ixdgeg% Dyxyd gp`ydxxa| e bcecdi Adfc @aidc = _bixi|zazydg|R ! P~ixdgeg ^dgk ? nax% = ^ghcb Zyxcei~ !! Badha~g xy|cpxc`%

7/23/2019 BNM 10-2008

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

789

808>% Zamg|$ Pi|fkic% Hi dg ,B|ca|, dg ,Ndyci|g, 2 Pi|fkis @kcyk|cc2 ,, ,, = _G|xcpxyd Zaza|ydyc Pi|fkic @cyk|cc dg 6: hi gecR! Pi|fkic Zamg| !! Badha~g = pi|% eay% = nax%

7/23/2019 BNM 10-2008

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@|aec`g g|xc`adida| hi |i~cpx E| 7:"7% $ % = , ,= _ ,Iyfiei Caeip`a,R ! !! Gwyg|iddi% % \i}% e dl% iefd% Lcldcaf|% = 8 xcx%

80>0% @g|z$ Cae% EIV fiei|gxcae = _cexi|~cy `y C% @g|z$ cbz|ipg|yd badh%e habiecyd naxlgdcpxc`R ! cexi|da`yxa| = Bg|`id Xabg !! ^CZ bgfg}ce%

7/23/2019 BNM 10-2008

147/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

786

80>8% Alpogcg$ Geg% Z|ce Badha~g$ zi lc`c`dixi = _X|gpiyd ,@kccey"Lylyci`c Bi|iec Lydlag`g Fy|g L`ydyc @kccey,R ! Geg Alpogcg ? nax% =^ghcb Zyxcei~ !! Badha~g Xy|cpxc`% = nax% Xi{x c e dl% iefd%$ |yp%

; DCEF^CPXC@% NCDADAFCI% DCXI\GXY\

;:!;7Z\ALDIBI FIEI\GDI @Y Z\C^C\I DG DCEF^CPXC@ C DCXI\GXY\%NCDA"

DAFCI

80>>% Xglye`c`$ Bg|cgeg% Lypceippyd hi x|ghy`i|c e gp`iepcyei ! Bg"|cgeg Xglye`c` !! Z|ancx%

;

7/23/2019 BNM 10-2008

148/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"# = n|gfb% = \iz|ah% hyz Lcldcaxi`g bg|cda| z|a`ipi$ Ly`y"|ixc$73

7/23/2019 BNM 10-2008

149/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

783

80;7% Eyy$ C|ceg% Ceyehgci? H|gfapxi c |}lac? Zci|hyxg? Xy$pi`|ixydbiy? @gdig pxidida| = _~i|py|cR ! C|ceg Eyy !! @dczg = pi|% eay%

7/23/2019 BNM 10-2008

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@|aec`g g|xc`adida| hi |i~cpx E| 7:"% @calgey$ ^i|aec`g% Cbzapclcdcxgxi? Zgp|ig `dxag|i = _~i|py|cR !^i|aec`g @calgey !! @dczg = pi|% eay%

7/23/2019 BNM 10-2008

151/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

797

88:0% Bcp`ki~`g$ Cae% N|bex|cdi yeyc glpad~iex hi dc`iy = _za~ipxc|iR! Cae Bcp`ki~`g !! @dczg = pi|% eay%

7/23/2019 BNM 10-2008

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@|aec`g g|xc`adida| hi |i~cpx E| 7:"% $ % = _R ! !! " %

pg|h dg Zg|cp `y ~ihi|i pz|i bag|xi ! Bgxic ^ceci`? @i|`yd Zaicda| Hcpz|yc !Ege`s K% Odicelgyb%

887;% Fgdgc`y"Zye$ Ibcdcge% @g|xi dg zg`kix = _x|i`i|i e |i~cpxR !Ibcdcge Fgdgc`y"Zye !! @dczg = pi|% eay% % @aexce% e`izyxyd = E| 9%

;

7/23/2019 BNM 10-2008

153/256

Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

790

88

7/23/2019 BNM 10-2008

154/256

@|aec`g g|xc`adida| hi |i~cpx E| 7:"% $ % % ! " !! Gwyg|iddi% xcx%#%

30!38CPXA\CI

38CPXA\CI FIEI\GD%CPXA\CI YEC^I\PGD

38+87!33# Cpxa|cg cehc~chygd g hcni|cxida| |c

38+86;# Cpxa|cg \izyldc`cc Badha~g

880;% @kc|xagf$ Cae% @ixgxig Xcfkceg 2 2 Xcfkcegna|x|ipp ! Cae @kc|xagf !! Badha~g = pi|% eay%

7/23/2019 BNM 10-2008

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

799

da`yxag|i = Gegpxgpcg \ypy"Kg|glg !! Badha~g = pi|% eay% "7; = nax% Xi{x c e dl% iefd%$ |yp%

8887% ~c|`ye$ ^c`xa|% Hcbcx|ci @gexibc| = _habecxa| gd Badha~ic +bg|x%"gz|% 7>30? 767:"7677#$ `|xy|g| |ab% +7>60"76

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@|aec`g g|xc`adida| hi |i~cpx E| 7:"

7/23/2019 BNM 10-2008

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

796

Lyxeg|y$ Dia 8038Lyxa|a~$ Pi|fkic 8736Ly}hyfge$ Xgxcgeg 8763Ly}cd$ ^g|~g|g 8786$ 8783"9:

@

@glg`$ ^% 80@g|za~$ Gy|idcg 80@apxce$ Zix|y 8889

7/23/2019 BNM 10-2008

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@|aec`g g|xc`adida| hi |i~cpx E| 7:"3$ 8067"

63Hadfge$ Bckgc 8080Ha|hi$ Pa|ce 8808Ha|afgcg$ C|ceg 0337

Ha|yd$ Adfg 8:8;H|y$ Cefg 80>6

H|y$ Cae 88$ 88

7/23/2019 BNM 10-2008

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

793

Fg|fgdcy`$ Dghg 80

7/23/2019 BNM 10-2008

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@|aec`g g|xc`adida| hi |i~cpx E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7>7

Zix|g`ki$ xinge 8089Zix|a~$ Hybcx|y 03;6Zcpgecy`$ Bgcg 8:89

Dcpxg |i~cpxida|$ `ydifi|cda| c zyldc`gccda| `aexceyi gdi `|a| g|xc`adi pyex ncgxi e

,@|aec`g g|xc`adida| hi |i~cpx, E\ 7:"

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@|aec`g g|xc`adida| hi fg}ix E| 7:"0>#A@XALI\

: FIEI\GDCXC

::LG]IDI FIEI\GDI GDI @YEAGXI\CC C @YDXY\CC::7 xcce c `yeagxi|i e fiei|gd

833:% @gei|$ ^gdi|cy% Zi lg|c`ghidi x|ge}ccic$ e gz|g|ig @ixcc xcceic= _hipz|i G`gh% hi x% g \iz% Badha~gR ! ^gdi|cy @gei|$ Diaech @ydc` !! Pzxbeg%

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7>6

e \iz% Badha~gR !! I`a%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

7/23/2019 BNM 10-2008

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7>3

9:7:% Fdyopbgee$ Geh|i% Hybei}iy g by|cx g x|icg ag| = _cexi|~cy `yG% Fdyopbge$ ncdapan n|ge`i} = |idygx hce Idd Bippgffi|aR !! Pzxbeg%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

767

7/23/2019 BNM 10-2008

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

760

9:89% @yl|ig`a~$ ^dgh% ^dgk epigbe \abe$ hyz `yb Hiyx`k$Xihip`a$ Eigb$ Gddibgeh epigbe Fi|bge = cexi|~iecg `|ixce"hiba`|gxydyc ^%@yl|ig`a~$ \iz% Badha~g$ e `gh|yd Ghye|cc Zg|dgbiexg|i g @aepcdcydyc Iy|azic !!

Ndy{ `aexceyy = ih% hi ~cei|c% % H|y$ Cae% @id hi"gd x|icdig bcdiecy = hcp`y|p |apxcx e `gh|yd

Pcbza}% Cexi|e% `y fiei|c`yd ,Cae H|y ybgecpb c `aexibza|geicxgxi, ! Cae H|y!! Fdgpyd%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

769

9:>>% Na|yd Hiba`|gx gd \abecda| hce \izyldc`g Badha~g% Gzid gd@aepcdcydyc Hc|i`xa| gd Na|ydyc Hiba`|gx gd \abecda| hce \B `x|i xagx `dgpg zadcxc"

` hce aza}cci = _0: pizx%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

766

% ,,R ! !! %%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

763

97:6% Z|gza|`c`$ Pi|fcy% Z|iihcexidi ^dghcbc| ^a|aece i{`dyhi padyc"aeg|ig z|aldibic x|gepecpx|iei zi dg pzgxidi Yecyecc Iy|aziei = _zi bg|fceig dy`|%|iyecyecc @aepcdcydyc Gng`i|c Fie% c \idgcc I{xi|ei gd Yecyecc Iy|azieiR ! Pi|fcy

Z|gza|`c` !! Ndy{ `aexceyy = ih% hi ~cei|c%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7;7

97% Na|yd Hiba`|gx gd \abecda| hce Badha~g% Hi`dg|gcg Na|ydycHiba`|gx gd \abecda| hce Badha~g z|c~ceh cexif|g|ig \izyldc`cc Badha~g e Yecy"

eig Iy|azige = _hce 7 a`x%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7;0

Baec`g Lgly`? ,Xcei|cc lgpg|gliec hce \abecg bi|iy gy napx gdxy|c hi ZZ@H, !Pi|fcy \`cd%

9787% Eify$ Geh|ic% P bi|fib bgc hizg|xi$ p ng`ib bgc bydx = _79gec hi dg `|ig|ig Z@\B = cexi|~cy `y G% Eify$ |iz|i}iexgex zi|bgeiex gd \iz%Badha~g zi def @aepcdcyd Iy|azicR ! `aenc|bg|i = Dyhbcdg La|cpa~g !! @abyecpxyd%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7;9

979;% ,

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7;6

9769% Caec$ ^ig`ipdg~% @|gkyd ncege`cg| `g ye lcdge gd ,iza`cc Z@\B, =_cexi|~cy `y ^% Caec$ i{zi|x gd CHCP ,^ccxa|yd,R ! `aepibeg|i = Geh|ic Bgxyie`a !!

Gdcgeg Badha~g Eagpx|%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7;3

9739% $ % = , , = _ % ,% , , ,R !!

%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

737

00;%8; Xy|cpb% I`aeabcg xy|cpbydyc

9

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

730

9

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

739

9

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@|aec`g g|xc`adida| hi fg}ix E| 7:"3"[^

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

736

99% $ % $ " = _ % R !

!! % % % $ % $ "

= _ % % $ % % R ! !! % %

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

733

099!093 xcce bcdcxg|% Na|i g|bgxi

9

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

:% Px|xcd$ Pcd~cg% egcexi hi xagxi$ z|anipa|yd x|ilyci p h|ycgp`h|gfapxi ! Pcd~cg Px|xcd !! Dcx% c g|xg% 7% X~i|hakdil$ Xgxcgeg% Ipxi ye ea|a` p gc zg|xi hi hgp`dc ghi~"|gc = _cexi|~cy `y X% X~i|hakdil$ in Hc|% ihy`gci$ x%$ xcei|ix c pza|x hce bye% @kcc"eyR ! `aepibeg|i = Dcdcg @y|`kc !! Egxy|g%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

90;>% C~gea~$ ^cadixg% Zgx|y hi`iecc hi zi|pi~i|ie c ni|bcxgxi egla|hg|ig z|aldibida| hi z|axi`ci g bihcydyc = cexi|~cy `y ^% C~gea~$ bcecpx|y gdI`adafcic c \ipy|pida| Egxy|gdi$ `y a`g}cg mylcdiydyc hi 8: hi gec hi dg naehg|ig

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

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@|aec`g g|xc`adida| hi fg}ix E| 7:"% Zgdge`cy`$ Bckgcd% Bgegfi| hi ~a`gci$ zihgfaf cp`ypcx = _Bckgc@ca`gey$ hc|% @iex|ydyc Eg% hi Bgegfibiex e Pexgxi gd Bce% Pexcc hce \iz%Badha~g$ dg 9: hi gec hi dg egxi|iR ! Bckgcd Zgdge`cy`$ Xyha| F|imhcge !! Dcx% c g|xg%

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Lcldcaf|gncg Egcaegd g Badha~ic Egxcaegd Lcldcaf|gzks an Badha~g

7>%7 Zgxadafcg pcpxibydyc `c|`ydgxa| c g ~gpida| pgef~cei% Ladc `g|hca~gp`ydg|i

9879% $ % = _"% = % " % " % % R ! !! " %

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@|aec`g g|xc`adida| hi fg}ix E| 7:"% ]axg$ Dg|cpg% Zg`ciexyd `y hinc`cx hi `|ixi|i pi zagxi hi}~adxgea|bgd = _cexi|~cy `y D% ]axg$ bihc` ieha`|ceadafR ! `aepibeg|i = ^c`xa|cg Lglce !!Ndy{ iy|azige% %6 Zgxadafcg a|fgeida| hi da`abaci% P`kidix c pcpxibyd byp`ydg|

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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x|gna|x%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"0% Zg|xadi$ @dgyhcg% @y h|gfapxi hi @kccey %%% = _zi bg|fceig `|ig"cic g|xcpxydyc zdgpxc` ^gpcdi Ba~cdigeyR ! @dgyhcg Zg|xadi !! Dcx% c g|xg% 8% $ % = _ % R ! !! %

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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@|aec`g g|xc`adida| hi fg}ix E| 7:"% ibgea~pogcg$ Bg|ceg% @g|xi eay ziex|y `ic `i e~g dcblgiefdi} = _zi bg|fceig bge% ,G`ghibc` Iefdcpk, hi Dyhbcdg F|apydR ! Bg|cegibgea~pogcg !! Yec~i|p zihgfafc` z|a%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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\ypeg`$ ^dghcbc|%e~xa|cda| = _~i|py|cR ! ^dghcbc| \ypeg` !! Bad"ha~g Bg|i%

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: hi gec hi dg egxi|iR ! Hybcx|y Gzix|c !! Dcx%c g|xg%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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:8% Adg|y$ Gefidceg% Bgc gz|agzi hi Pxidcgeg F|gbg = _ce biba|cgbzaixicR ! Gefidceg Adg|y !! Xcbzyd hi hcbceig% a`x% Z% 9%

9>:9% Zgddghc$ Xyha|% \i~idgcg gdlydyc pgy Glpadycxgxig `yeagxi|cc gdxy"dyc = _`|igcg zaixc` g dyc ^gpcdi Bc`yR ! Xyha| Zgddghc !! Fdgpyd% :>% Zix|y$ Bg|cgeg% @eh zi"epi|gxi pi gz|cehi a pxig %%% = _ce biba"|cgb zaixic Pxidcgeg F|gbgR ! Bg|cgeg Zix|y !! Fdgpyd% :6% ^a|aece$ ^dghcbc|% Cae H|y ipxi abyd `g|i c h zaza|ydyc pygepg `idic hi"g hayg |ipzc|gcc = gda`ycyeig z|i% ^% ^a|aece |apxcx dg bgecnipxg"

|ig `aepg`|gx gec~i|p|cc g ;:"g g p`|ccxa|ydyc"g`ghibc`cge Cae H|y +@kccey$ 76a`x%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"

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@|aec`g g|xc`adida| hi fg}ix E| 7:"08% $ % = + %# ! !! Badha~g Bg|i%

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@|aec`g g|xc`adida| hi fg}ix E| 7:"7Bgxyie`a$ Geh|ic 9769Bgci~p`kc$ Idieg 9830$ 996;Zgpxyk"@yladxigey$ ^cxgdci 9:70$ 9937$

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