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C^^@ =4?:%8??8
LLCCLLGGCCKKJJ\\MMIICCMM@@MMCCKK@@MMGG
MMEEKKGGFFKKYYOOCC
@| ?
-
7/23/2019 BNM 5-2008
2/219
EC@C^V\S KI N_GV_\O M@FVK_\C^E@MVCK@MGLKKA NDMELO\ KI VDO
\OX_LGCN KI EKGFKYM
@mvck`mg Lclgckj|mxds
ki Ekgfkym
Lkka~. Ml~v|mnv~. Vdo~c~.Emjmrc`o m`f `oz~xmxo| m|vcngo~
Xulgc~dof i|ke =3?4C~~uof k`no m ek`vd
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3/219
EC@C^VO\_GN_GV_\CC CV_\C^E_G_CNMEO\M @MCK@MG M N\CC FC@
\OX_LGCNM EKGFKYM
Lclgckj|micm@mck`mg m Ekgfkyoc
N|c. Muvk|oio|mvo. Voro.M|vcnkgo fc` |oyc~vo c rcm|o.
^o ofcvomr fc` m`ug =3?4Mxm|o gu`m|
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4/219
Mgnvucvk|c 2 Ymgo`vc`m NDCVK\KMJ\o`mvm NKRK@MNKgo~om
RMLCMNKOicecm EMN\C@CNC
Ngmufcm LJ_Vmvcm`m GCYM@FKY^NDC@c`m ECNDO\C@Ioy|k`cm
XM^NM\CGufecgm NK\JDO@NC
\ofmnvk| |o~xk`~mlcg c nkk|fk`mvk|2 Ymgo`vc`m NDCVK\KMJ
Fo~cj`' vod`k|ofmnvm|o nkexuvo|crmv2 \o`mvm NKRK@MN
FO^N\CO\OMNCX MNMEO\OC @MCK@MGO MN\CC
Lclgckj|micm @mck`mg m Ekgfkyoc 5 @mvck`mg Lclgckj|mxds
kiEkgfkym 2 N|c. Muvk|oio|mvo. Voro. M|v. fc` |oy. c rcm|o 2 ^o of.
fc`m`ug =3?4 2 Mxm|o gu`m| + Nmeo|m @m. m N|cc fc` \ox. Ekgfkym
1mgnv. 2 Ymgo`vc`m Ndcvk|kmj' \o`mvm Nkrk`mn' Kgo~om Rmlcmnk Qov
mg.U 1
|of. |o~x. c nkk|f. 2 Ymgo`vc`m Ndcvk|kmj 1 fo~cj` 2 \o`mvm
Nkrk`mn. Nd. 2 Nmeo|m @m. m N|cc'
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5/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
?
N\K@CNM N\CC
^O OFCVOMR FC@ M@_G =3?4
LKKA M@@MG^
X_LGC^DOF I\KE =3?4
EMC%>%$84?.=5===5=9=.=
886 vcc`m c vod`kgkjcm nmgnugmvkm|ogk|. X|ogun|m|om fmvogk|
44=. Emjm|cu' @cnkgmoEovkfkgkjcm x|kconv|cc KK m x|kfu~ogk|
~kivzm|o 2 Qxo`v|u urug ~vufo`cgk|U +@cnkgmo Emjm|cu' Gufecgm
@cj|onmcm%N|kcvk|' @mvmgcm Xgonm 1 _`cy. fo ^vmv fc` Ekgfkym'
Imn. fo Emvoemvcn c C`ik|emvcn' Nmvof|m Vod`kgkjcc fo
X|kj|mem|o' GN ,X|kconvm%|om ^c~voeogk| C`ik|emvcno,. Nd. 2 NOX
_^E' 6 x. 2 icj.' vml. 1 >%=>6 $
-
7/23/2019 BNM 5-2008
6/219
N|k`cnm n|cc @| ?%
-
7/23/2019 BNM 5-2008
7/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
:
% % =. Fcnck`m|o o`ncngkxofcno.8>8
8?8 Xulgcnmcc xo|ckfcno c ~o|cmgo
449. Nmgo`fm| @mck`mg ... + Lclg. @m. m \ox. Ekgfkym 1 muv. 2
Ymgo|cmEmvyoc' Em|cm yo 1 nkgml. 2 Ck` Emfm`' Onmvo|c`m Nculkvm|u'
Ygmf Xkdcg 1 nkg. |of. 2Xov|u ^kgvm`' M`f|oc Om`u' Mu|og Em|c`ncun
Qov mg.U. Nd. 2 ^. `.'
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7/23/2019 BNM 5-2008
8/219
N|k`cnm n|cc @| ?%888 ot.C^L@ 3:4%33:?%9=%669%: $` nkx. vm|o#QU%
% =. O`ncngkxofcc xo`v|u nkxcc.
84:.?28>8
43=. Nuno|om`u' \mfck`Ce` nmguguc 2 Qk|cjc`om c fkeo~vcnc|om
nmgugucU + \mfck` Nuno|om`u. Nd. 2
,J|mioem Gcl|c~, ^\G'
-
7/23/2019 BNM 5-2008
9/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
3
Muv. xo nm|vo `u o~vo c`fcnmv. Vcv. k|cj.2 Ycnvk| o` yksmjo. I.
i. fo vcv. :%? $M|n#. C^L@ 3:4%3:>%449>:%:%6 $Nm~voom#
$nm|vk%
`mv' ` nkx. vm|o#Q
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7/23/2019 BNM 5-2008
10/219
N|k`cnm n|cc @| ?%U x.1
-
7/23/2019 BNM 5-2008
11/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
==
84:.?
38
-
7/23/2019 BNM 5-2008
12/219
N|k`cnm n|cc @| ?%
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7/23/2019 BNM 5-2008
13/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=>
% % =. ^cvumco ~kncmg%onk`kecn'
=9!>>4$6:4#$84>.6=#5=>?.=5=9=.=
>=9.9 X~cdkgkjco ~kncmg
3=8. Jmy|cgc' Em|cmNu f|mjk~vo' xo`v|u y|~vm m v|ocm + Em|cm
Jmy|cgc' Yo|k`cnm X|gom%Nk`kymg.
Nd. 2 ^. `.' ' Q=U x. 2 ikv.' Q?9U x. ikv.' ikv. nkgk|
1>%=Q=9.962>96%8?>.3
>
-
7/23/2019 BNM 5-2008
14/219
N|k`cnm n|cc @| ?%
-
7/23/2019 BNM 5-2008
15/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=?
Q>$8:?.>#
3=:. _`cyo|~cvmvom Gclo| C`vo|`mck`mg fc` Ekgfkym. M`mgogo
_`cyo|~cv%cc Gclo|o C`vo|`mck`mgo fc` Ekgfkym + _`cy. Gclo| C`vo|`.
fc` Ekgfkym 1 fc|. xulg. 2 M`%f|oc Jmglo` 1 nkk|f. v. 2 M`m Juu 1
|of. |o~x 2 Xov|u \knm. Nd. 2 _GCE'
-
7/23/2019 BNM 5-2008
16/219
N|k`cnm n|cc @| ?%
-
7/23/2019 BNM 5-2008
17/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=:
>>6.:?.=5===5=9=.=
3
-
7/23/2019 BNM 5-2008
18/219
N|k`cnm n|cc @| ?%
-
7/23/2019 BNM 5-2008
19/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=3
>6 F\OXV. B_\C^X\_FO@
>68 F|oxv ` jo`o|mg. X|kxofouvcn. Eovkfogo f|oxvuguc c
vcc`ogo mutcgcm|o
3>>. Fofcu%Em|v`cun' N|c~vc`m^ulconcc fo f|oxv
c`vo|`mck`mg xulgcn nk`voexk|m` 2 Ek`kj|mico + N|c~vc`m
Fofcu%Em|v`cun' @cnkgmo K~ekndo~nu 1 _`cy. fo ^vmv fc` Ekgfkym.
Nd. 2 NOX _^E'
-
7/23/2019 BNM 5-2008
20/219
N|k`cnm n|cc @| ?%.4?
3>4. ' 5 Iu`fmeo`vmg~ ki N|cec`mg
Xo|~k`kgkjs 2 . + 1 . % . . . 2NOX _^E'
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21/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
6: F|oxv ncycg
>6:.= Jo`o|mgcvc
3>3. Ndc|c`ncun' Jmgc`mXo|~km`m bu|cfcn ~ulconv fo f|oxv
ncycg. F|oxv ncycg. Xm|vom jo`o|mg 2 Qxo`v|u
urug ~vufo`cgk|U + Jmgc`m Ndc|c`ncun 1 _`cy. fo ^vufcc Ou|kxo`o
fc` Ekgfkym. Nd. 2 NOX_^E' ?=+>?6 Mfec`c~v|mco xulgcn
36=. Ndceo|ncun' @cnkgmoX|kvoncm ncycg 2 Qxo`v|u urug
~vufo`cgk|U + @cnkgmo Ndceo|ncun 1 |of. |o~x. 2
^o|jcu Xc`vcgoc 1 _`cy. fo ^vmv fo Ofunmco Icrcn c ^xk|v'
Nmvof|m Eofcnc` ^xk|vcy. Nd. 2 ,Ymgc`ot, ^M'
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7/23/2019 BNM 5-2008
22/219
N|k`cnm n|cc @| ?%
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7/23/2019 BNM 5-2008
23/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
369. Emjcn O`jgc~d 2 Vomndo|*~ Lkka 2 6%`f ik|e + Cugcm
Cj`mvcun' Gm|mMgmfc`' Gufecgm Iknm Qov mg.U 1 nkec~cm fo oymgum|o 2
Vmem|m Emvoc' @mvmgcm oyncun'Ym~cgc~m Bmgl 1 Ec`. Ofunmcoc c
Vc`o|ovuguc mg \ox. Ekgfkym. Nd. 2 M|n'
-
7/23/2019 BNM 5-2008
24/219
N|k`cnm n|cc @| ?%9 vcv.#. Mxm|o nu ~x|cbc`ug ic`m`n. mg
Gcondvo`~voc`c~ndo|
o`vzcnagu`j~ fco`~v' ^ndmm` + Ik`fug ^o|ycncc xo`v|u forykgvm|o.
=888 ot.C^L@ 3:4%33:?%3:6?%Q3U% % =. Ofunmco $|u~#.
>:.83=
>:> Jo`u|c c nkgc fo nugvu| jo`o|mg. `ye`v fo nugvu|
jo`o|mg
3?=. Ncexkco' Ymgo`vc`mEmvoemvcn 2 Nmcov xo`v|u nkxccc fc` j|uxm
ecn 2 $>%6 m`c# + Ymgo`vc`m
Ncexkco 1 xcnv. 2 Vceum Mgck`m. Nd. 2 Guec`m' 9x. 2 cg. 1
$o|k`mv#Q4U
>:>.
-
7/23/2019 BNM 5-2008
25/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
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7/23/2019 BNM 5-2008
26/219
N|k`cnm n|cc @| ?%?.=U
3?3. Gu`ju' Ymgo`vc`mNm|vo ecn xo`v|u ymnm`m em|o 2 ng. >%m +
Ymgo`vc`m Gu`ju $nkk|f.#' @c`mNcklm`u' @mfobfm C~~m 1 fo~. 2
^o|jdoc ^me~k`ky. Nd. 2 M|n' .>2Q?=!4==.=>?.=U398.
Xk~vkgmndc' Yck|ogcmMlonofm|ug x|onkgm|uguc 2 Nmcov xo`v|u
x|ojvc|om nkxccgk| fo 9%: m`c xo`v|u
nkmgm + Yck|ogcm Xk~vkgmndc 1 xcnv. 2 Vceum Mgck`m. Nd. 2 ,Lk`~
Kiicno~, ^\G' .?.=39=. ,X|ojvc|om c xo|ionck`m|om nmf|ogk|
fcfmnvcno ` fkeo`cug `y%
e`vuguc x|onkgm| c x|cem|,' nk`i. v.%x|mnvcn c`vo|`. $< 1
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7/23/2019 BNM 5-2008
27/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
.>
>:9 Ofunmcm c c`~v|uc|om u`k| nmvojk|cc ~xoncmgo fo xo|~km`o.
`ye`v ~xoncmg39>. Kg|o~nu' Ymgo`vc`mGkjkxofcm 2 Xo|~xonvcym
fcmj`k~vcnuguc gkjkxofcn + Ymgo`vc`m Kg|o~nu. Nd. 2
^. `.'
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7/23/2019 BNM 5-2008
28/219
N|k`cnm n|cc @| ?%%=%3Q3$6:45?=
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7/23/2019 BNM 5-2008
29/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
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7/23/2019 BNM 5-2008
30/219
N|k`cnm n|cc @| ?%=%8Q
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7/23/2019 BNM 5-2008
31/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
>=
Q
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7/23/2019 BNM 5-2008
32/219
N|k`cnm n|cc @| ?%
-
7/23/2019 BNM 5-2008
33/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
>>
% % =. Xgm`vo ekfcicnmvo jo`ovcn.?4=.=?=2?:?
34:. J|mvc' Ym~cgoM`mvkecm c ek|ikgkjcm xgm`vogk| 2 Nkexo`fcu fo
gun||c x|mnvcno + Ym~cgoJ|mvc' Oujo`cm Xuglo|o. QNd.U 2 X|uv
C`vo|`mck`mg' Q
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7/23/2019 BNM 5-2008
34/219
N|k`cnm n|cc @| ?%.9 \c~nu|c c `vexg|c x|kio~ck`mgo x|cyc`f
~`vmvom. Cjco`m c ~`vmvom eu`ncc
33=. Cjco` ecgcvm| 2 Qxo`v|u urug ~vufo`cgk|U + Jd. K~v|kio' G.
J|krm' G.Ecjmgc Qov mg.U 1 _`cy. fo ^vmv fo Eofcnc` c Im|emnco
,@cnkgmo Vo~voecm`u,' Nmvof|mCjco` Jo`.' Nmvof|m Eofcnc` Ecgcvm| c
Otv|oemg. Of. m .
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7/23/2019 BNM 5-2008
35/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
>?
Fcmj`k~vcno `u|~c`j ` x|mnvcnm ngc`cn + Oecgcm _`ju|om`u 1
nkgml. 2 Ogo`m^voexky~nmcm' Em|cm Eu`vom`u' Gufecgm ^m`fu Qov mg.U
1 M~kn. fo @u|c~`j fc` \ox.Ekgfkym. Nd. 2 ^. `.' , ^\G#. =94 x. 2
vml. 1
-
7/23/2019 BNM 5-2008
36/219
N|k`cnm n|cc @| ?%
-
7/23/2019 BNM 5-2008
37/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
>:
Lclgckj|.2 x. 9%6? ot.C^L@ 3:4%33:?%3984%?%6Q.%>?9 $:3 vcv.#c
` `kvogo fo ~ul~kg. Mxm|o nu ~x|cbc`ug ic`m`n. mg Muvk|cvcc @m.
xo`v|u No|nov. v. fc`\ke`cm. =88 ot. C^L@ 3:4%33:?%9>%89=%8.
Q
-
7/23/2019 BNM 5-2008
38/219
N|k`cnm n|cc @| ?%88 ot.
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7/23/2019 BNM 5-2008
39/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
>3
C^L@ 3:4%33:?%9:%6>4%9 $` nkx. vm|o#Q9U% % =. ^cgycnugvu|
\oxulgcnm Ekgfkym. 8!??=.?4>$6:4#U5=>?.=5===
9>=+9>4 Mj|cnugvu|
9>=.> Emc`c mj|cnkgo. Ondcxmeo`v c uvcgmbo mj|cnkgo
=884. Vod`kgkjcc c ecbgkmno vod`cno xo`v|u mj|cnugvu| 2 Qnugoj.
fo gun||c v.U+ Mnmf. fo vcc`o m Ekgfkyoc' C`~v. fo Vod`. Mj|cnkg
,Eonmj|k,1 |of.%oi 2 Ck`Dlo~nu. Nd. 2 ^. `.'
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7/23/2019 BNM 5-2008
40/219
N|k`cnm n|cc @| ?%6.4 Ycvcnugvu|
=8==. ' ' 2 $%
# 2 QU + 1 .' . $%# ' . % . . 2 ..'
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7/23/2019 BNM 5-2008
41/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
6=
C^L@ 3:4%33:?%33%9 $o|k`mv#. Q
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7/23/2019 BNM 5-2008
42/219
N|k`cnm n|cc @| ?%
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7/23/2019 BNM 5-2008
43/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
6>
94: C`fu~v|cm el|nec`voc' nk`ionccgk|. Iml|cnm|om m|vcnkgogk| fo
vkmgov c `j|cbc|om jo%
`o|mg
94:.? C`fu~v|cc fo `j|cbc|om vkmgovoc c fo i|ueu~oo. C`fu~v|co
nk~eovcn
=8
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7/23/2019 BNM 5-2008
44/219
N|k`cnm n|cc @| ?%?.=5=9=.=
=8
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7/23/2019 BNM 5-2008
45/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
6?
Nk|klm`' Yckgovm Jk|jk~ Qov mg.U 1 nkg. |of. 2 Gok`vc`m
Ymvmem`u' Ycnvk|cm Nk|klm`. QNd. 2 ^. `.' 9' Q=U x. 2 cemjc`c 1
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7/23/2019 BNM 5-2008
46/219
N|k`cnm n|cc @| ?%
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7/23/2019 BNM 5-2008
47/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
6:
=8>9. Emjcn O`jgc~d 2 Xuxcg*~ lkka 2 6%vd ik|e + Cugcm
Cj`mvcun' Gm|m Mgmfc`'Gufecgm Iknm Qov mg.U 1 nkec~cm fo oymgum|o 2
Vmem|m Emvoc' @mvmgcm oyncun' Ym~cgc~mBmgl. Nd. 2 M|n'
-
7/23/2019 BNM 5-2008
48/219
N|k`cnm n|cc @| ?%>.=*>:6.4?.=*>:6.4.=
=86=. Lufum`' Ymgo|cmFcnck`m| i|m`nor%|ke`' |ke`%i|m`nor +
Ymgo|cm Lufum`' Ngm|m O~rvo|j| 1
nkk|f. 2 Jdok|jdo Dm. Of. |oy. c nkexg. 2 $nu u` ec`c%jdcf fo
nk`yo|~mco#. Nd. 2.O.%X. ,vcc`m,'
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7/23/2019 BNM 5-2008
49/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
63
Gcelm c gcvo|mvu|m |ke` 2 Em`umg xo`v|u ng. m 4%m + Vmvcm`m
Nm|vmgom`u' Ec|%nom Ncklm`u' Kgjm Nk~kym` 1 nkec~cm fo oymgum|o 2
Mu|ogcm Dm`jm`u' Oecgcm Vc|k`'\mc~m _u|ogu 1 Ec`. Ofunmcoc c
Vc`o|ovuguc mg \ox. Ekgfkym. Nd. 2 .O.%X. ,vcc`m,'
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7/23/2019 BNM 5-2008
50/219
N|k`cnm n|cc @| ?%' . . 2 Nm|vc%
o|' ' . . 2 Nm|vc%o|'
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7/23/2019 BNM 5-2008
51/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
?=
C^L@ 3:4%33:?%9:%66:%4Q
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7/23/2019 BNM 5-2008
52/219
N|k`cnm n|cc @| ?%' Q9U x. 1
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53/219
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Ekgfkym
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=89=. Xcvgca%Rmnk`' Mgotm`f|mF|mjc X|c`c' emc rlkycc 2 yo|~u|c +
Mgotm`f|m Xcvgca%Rmnk` 1 cg. 2 M`m Em`kgo
1 nkx. 2 @cnkgmo ^|lu. Nd. 2 ,\ongmem, ^M' 3' Q=U x. 2 cg. 1 ==
t :%:3%?Q
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7/23/2019 BNM 5-2008
54/219
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7/23/2019 BNM 5-2008
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Ekgfkym
??
Ycnvk|` bu`jg 2 Qxkyo~vckm| xo`v|u nkxccU + Jmgcm Gmec Fkrk 1
Qv|mf. fc` i|. 2Jdok|jdo Ndc|cU 1 cg. 2 Bm` Cyo`~. QNd.U 2 M|n 1
QL|mkyU 2 Nm~voom' Q#%3> Fkrk
=8:=. Fkrk' Jmgcm GmecYcnvk|` xfu|o 2 Qxkyo~vckm| xo`v|u nkxccU
+ Jmgcm Gmec Fkrk 1 Qv|mf. fc` i|. 2
Jdok|jdo Ndc|cU 1 cg. 2 Bm` Cyo`~. QNd.U 2 M|n 1 QL|mkyU 2
Nm~voom' Q#%3> Fkrk
=8: Fkrk
=8:>. Xo||mugv' Ndm|go~Ekvm`ug `ngmv 2 xkyo~vo 2 Qv|mf. fc`
i|.U + Ndm|go~ Xo||mugv 1 yo|~cu`o ` |ke. 2
Jdok|jdo Xk~vkgmndo 1 xcnv.%cg. 2 ^ceck` Nkmfm. Nd. 2
Nm|u~og'
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7/23/2019 BNM 5-2008
56/219
N|k`cnm n|cc @| ?%
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7/23/2019 BNM 5-2008
57/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
?:
% % =. Gcvo|mvu| |ke` fc` \oxulgcnm Ekgfkym xo`v|u nkxcc
Xkorco.4?.=$6:4#%3> Nmgc`
=8:4. Ecf|cjm`' @mvmgcm@kc `v|o `kc 2 Imlugo + votv' fo~. 2
@mvmgcm Ecf|cjm` 1 x|oi. 2 Ym~cgo Lmbm` 1 nkx.2 \utm`fm \kem`ncun.
Nd. 2 Xk`vk~'
-
7/23/2019 BNM 5-2008
58/219
N|k`cnm n|cc @| ?%
-
7/23/2019 BNM 5-2008
59/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
?3
Votv xm|mg.2 gl. |ke.' o`jg.' i|.' |u~C^L@ 3:4%33:?%386%:3%: $`
nkx. vm|o#Q
-
7/23/2019 BNM 5-2008
60/219
N|k`cnm n|cc @| ?%
-
7/23/2019 BNM 5-2008
61/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
9=
36$6:4%
-
7/23/2019 BNM 5-2008
62/219
N|k`cnm n|cc @| ?%: m`o~vorckgkjco c |om`cemvkgkjco 2 Muvk|oi.
mg voroc fo fknvk| ` eofcnc` +\u~gm` Lmgvmj 1 _`cy. fo ^vmv fo
Eofcnc` c Im|emnco ,@cnkgmo Vo~voecm`u, fc` \ox.Ekgfkym. Nd. 2 ^.
`.'
-
7/23/2019 BNM 5-2008
63/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
9>
X|kx|covcgo kxvcno mgo emvo|cmgogk| Nu$C`'Jm#>^o?'
N_$C`'Jm#?^o4 cNu$C`'Jm#$^o'^#< 2 8=.86.=8 Icrcnm c c`jc`o|cm
~oecnk`funvk|cgk| 2 Muvk|oi. mg voroc fofknvk| ` vcc`o
icrcnk%emvoemvcno + ^o|jcu Goyno`nk 1 Mnmf. fo vcc`o m Ekgfkyoc'
C`~v.
fo Icrcn Mxgcnmv. Nd. 2 ^. `.' .88.8= Xofmjkjco jo`. 2 Muvk|oi.
mg voroc fo fknvk| `xofmjkjco + Gcgcm ^guvu 1 C`~v. fo vcc`o mgo
Ofunmcoc. Nd. 2 No`v|ug Of. mg _M^E'
-
7/23/2019 BNM 5-2008
64/219
N|k`cnm n|cc @| ?%4Lkf`m|cun' Ck` 34=Lk~vm`' Mgotm`f|u $xcnv.#
=8?>Lk~vm`' Ck` $otxo|v# 34=' =8=?%=9Lkvormvu' J|cjk|o $mgnv.#
=8:6Lkv`m|cun' Ym~cgo =86>
Lkv`m|u' Y. 34?Lkv`m|u' Ymgo|cu $|of.# =844
Lkv`m|u' Ycnvk| 334L|mcnky' M`f|oc 3:6%:?
L|mvu' Xkgcfk| 368L|`r' Ck` $|of.# =844L|uem|u' Oecg =8?=Lufum`'
Ymgo|cm =868%6=Lubk|' Mgm $mgnv.# =84>Lugmd' Gculkyc =8Ncklm`u'
Ymgo`vc`m $nkk|f.# 39=Ncklm`u%^udkegc`' C|c`m =8
-
7/23/2019 BNM 5-2008
66/219
N|k`cnm n|cc @| ?%J|clc`nom' Mg. 3>=J|clc`nom' Mgotm`f|u
$|of.# 3=4J|cjk|o' Jdok|jdo $ikv.# =83?J|cjk|coy' Lk|c~
=8?9J|cjk|sm`' Em|a 44:%44J|c`mzms' \ms $xcnv.# 438J|k~u' Ogo`m
=8=
J|krm' G. 33=Juofb' Fo`c~ 433Jugom' Mu|ogcm` $otxo|v#
34?%>:Emvo' Fk|og =8=3%Ek|m|u' N. 34?Ek|kc' Ogo`m 3=3Ek~nkyncun'
M`vk` =898
Ekycgom`u' Ymgo|cu 364Euncgk' Em|cm $|of.# =844Eu`vom`u' Em|cm
$mgnv.# 336Eu|c`om`u' M`f|oc =88=^mym' Oujo` $nkk|f.# =843^mynm'
Ogo`m $nkk|f.# 3:8^myno`nk' ^cgycm =836^|lu' M`vk`c`m 394^|lu'
@cnkgmo $xcnv.# =89=^|lu' Kgjm 3=3%^|jdc' @mvmgcm $v|mf.#
363^|kfkoy' Jdo`mfco $|of.# =844^guvu' Gcgcm ==8cjm`u' Gufecgm
$nkk|f.# 3
-
7/23/2019 BNM 5-2008
69/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
93
Ym~cgckjgu' Ak`~vm`vc` =84=Ym~cgcn' Ymgo|cu $`j|cbc|o of.#
3=6Ymvmem`u' Gok`vc`m $nkk|f.' |of.# =8:
' . . =8=6' =864%63
' $.# 3=?' $.# 3=?' $.# =89?
' =864%63' =89?
' $.# 3?8
' $.# 3?8
' . 33:' =864%63' $.# 3?8' $.# 3?8' . . 34
' . 33:
-
7/23/2019 BNM 5-2008
70/219
N|k`cnm n|cc @| ?%
-
7/23/2019 BNM 5-2008
71/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
:=
CI\^6. Mlk|f|c c mxgcnmcc ` c`ik|emvcn=8
-
7/23/2019 BNM 5-2008
72/219
N|k`cnm n|cc @| ?%%3:Ndceco 34Ndcc`u Mglueo =84?Nck|ovc ^mvo
\mck`ug @c~xk|o`c \oxu%
lgcnm Ekgfkym C~vk|co =836Nkgc`fo =8
-
7/23/2019 BNM 5-2008
73/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
:>
Dm~fou' Lkjfm`%Xov|cnocnu' =4>>%=38:'~n|ccvk|' c~vk|cn
|ke` =846
Doemvkgkjco 333Do|eo`ouvcn =8>=
Dkjc`ovc ^mvo \mck`ug Ng|mc \oxu%lgcnm Ekgfkym C~vk|co
=83=Cjco`m eu`ncc 33C`yo~vccc ~v|c`o 3>8
C~vk|cm nugvu|cgk| =843C~vk|co Fcnck`m|o =838
`v|ox|c`fo|c ecnc c ecbgkncc \oxulgcnm Ekg%fkym X|k~xonvo
34Gcelm o`jgor J|memvcn =8>6Gcelm o`jgor Eofcnc` yovo|c`m|
=8>>Gcelm o`jgor =8>?%>:Gcelm o`jgor Eovkfcnm x|of|cc
$o`jg.# 366%
69
Gcelm i|m`nor Fcnck`m|o =868Gcelm i|m`nor Fcnck`m|o =86=Gcelm
i|m`nor =863Gcelm emvo|` \o~xonvm|o F|oxv 3>6Gcelm |ke`
Fcnck`m|o =868Gcelm |ke` Fcnck`m|o =86=Gcelm |ke` Fcnck`m|o
otxgcnmvcyo =86?Gcelm |ke` Oto|nccc fo |onmxcvugm|o 3?:%
?3Gcelm |ke` Jdcf fo nk`yo|~mco =86:
Gcelm |ke` elc`|c fo nuyc`vo =86>Gcelm |ke` ^vcgc~vcn
=869
Gcelm |ke` =866Gcvo|mvu| i|m`nor xo`v|u nkxcc Xkyovc
=8:>Gcvo|mvu| i|m`nor xo`v|u nkxcc =893%:' 3>>'
3>:%>3' 3:4'34>' 33>' =8>3' =86>
Ncycvm~ =838Ofcvo||m X|ce ^\G 346' =8:3
Ogm` Xkgcj|mi ^\G =8>=Oxcj|mi ^\G =8=' =86:'
=84>Jm|kek`f%^vufck ^\G =8>6J|mioem Gcl|c~ ^\G =8' =896'
=836J|mioem Gcl|c~ ^\G 43=Ju`cym~ 3=%=>4. \or. ` gl. |u~.
-
7/23/2019 BNM 5-2008
84/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?% VCC@O ^KNCMGO
>8> Eovkfo mgo vcc`ogk| ~kncmgo
$Yorc @| =9.>+.6 ^v|unvu|m ~kncmg. ^kncovmvom nm ~c~voe
~kncmg. X|kno~o ~kncmgo
-
7/23/2019 BNM 5-2008
85/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
4?
~v|mvojcm fo m~cju|m|o m ~onu|cvcc uem`o 2 Emvo|cmgogo Nk`i. m
TCCC%m v. C`vo|`.'
-
7/23/2019 BNM 5-2008
86/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
87/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
4:
-
7/23/2019 BNM 5-2008
88/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
89/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
43
8=. Lk`vom' Kgoj. \kgug k|jm`crmccgk| |ojck`mgo ` |ojgoeo`vm|om
xm`cn m fc%io|o`fogk| c`vo|`mck`mgo + Kgoj Lk`vom ++ \oy. @m. fo
F|oxv. 8%>6
\or. ` gl. o`jg.
8. Lclgckj|. ` `kvogo fo ~ul~kg.
-
7/23/2019 BNM 5-2008
90/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
91/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
3=
>>6 Ik|eo fo k|jm`crm|o c nkkxo|m|o ` mnvcycvmvom
onk`kecn
=9. . .
% 2 Q@|
-
7/23/2019 BNM 5-2008
92/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
93/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
3>
>?. ' . 4 ^cvumco onk`kecn. Xkgcvcn onk`kecn. Nk`funo|om
onk`kecoc. Xgm`cicnm|om onk`kecoc.
X|kfunco. ^o|ycncc. X|ou|c
>>4$6:4# ^cvumcm onk`kecn m \oxulgcncc Ekgfkym
>4. Lobo`m|u' Kgjm. Kxk|vu`cvc fo n|ovo|o m nkexovcvcycvcc
onk`kecno `\oxulgcnm Ekgfkym + Kgjm Lobo`m|u ++ Onk`kecnm.
-
7/23/2019 BNM 5-2008
94/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%= 2 ikv. Cfoe c ` gl.
|u~.
>>3.> Nkeo| c`vo|ck|
66. Xov|kycnc' Mgm. \ojgoeo`vm|om nkeo|uguc \oxulgcncc Ekgfkym `
lmrmmlk|f|cc gkjc~vcno + Mgm Xov|kycnc ++ Onk`kecnm. >3.? Nkeo|
otvo|ck|. Nkeo| c`vo|`mck`mg
6?. Lmgm`' Mgck`m. Klconvcyogo xkgcvcncc ymemgo ` ovmxm fo
ekfo|`crm|o m onk%`kecoc `mck`mgo + Mgck`m Lmgm` ++ Onk`kecnm.
-
7/23/2019 BNM 5-2008
95/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
3?
?
-
7/23/2019 BNM 5-2008
96/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
97/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
3:
93. Dgcxnm' Mf|cm`m. \~xu`fo|om ` f|oxvug nk`~vcvuck`mg. M~xonvo
fc` f|ox%vug nkexm|mv + Mf|cm`m Dgcxnm ++ \oy. @m. fo F|oxv. :.
\or. ` gl. o`jg.
:=. Dgcxnm' Xov|u. ^vmvug 2 nk`noxv c o~o` + Xov|u Dgcxnm ++
Gojom c ycmm.
-
7/23/2019 BNM 5-2008
98/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
99/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
33
4:. ^vkcm`' M`nm%Cugcm. _`ogo x|klgoeo ~xoncmgo x|cyc`f mncu`cgo
xk~o~k|cc +M`nm%Cugcm ^vkcm` ++ Gojom c ycmm. :%68. \or. ` gl.
o`jg. Lclgckj|.` `kvo' x. 68 $=< vcv.#.
>6:.6 Klgcjmcc. Nk`v|mnvo. Nk`yo`cc
44. ' . + ' ' ++ Nk`vmlcgcvmvo c mufcv.
-
7/23/2019 BNM 5-2008
100/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
101/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=8=
-
7/23/2019 BNM 5-2008
102/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%9#
>94 M~cju||c
-
7/23/2019 BNM 5-2008
103/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=8>
>:OF_NMCO.@[email protected]@^V\_C\O.VCEX GCLO\
>:.8 Vcxu|c c x|c`ncxcc iu`fmeo`vmgo fo ofunmco
-
7/23/2019 BNM 5-2008
104/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
105/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=8?
-
7/23/2019 BNM 5-2008
106/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
107/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=8:
>34 Ikgngk|
-
7/23/2019 BNM 5-2008
108/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
109/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=83
-
7/23/2019 BNM 5-2008
110/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
111/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
===
??JOKGKJCO.VCC@O JOKGKJCNO C JOKICRCNO
??= Jokgkjco jo`o|mg. Ngcemvkgkjco. Jokgkjco c~vk|cn.
^v|mvcj|mico. Xmgokjokj|mico??=.6 Jokek|ikgkjco. ^vufcug ik|eogk|
fo |ogcoi mgo ~ux|miooc Xe`vuguc
Cjco`. ^`vmvo c cjco` xo|~k`mg
-
7/23/2019 BNM 5-2008
112/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
113/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
==>
-
7/23/2019 BNM 5-2008
114/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
115/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
==?
9=9.> Xmvkgkjcm ~c~voeuguc fcjo~vcy. Lkgcgo vuluguc
mgceo`vm|
-
7/23/2019 BNM 5-2008
116/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
117/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
==:
?. Yov|cg' Y. ^uvu|m m|v|k~nkxcn v|m~jgo`kcf m gorcu`cc Lm`am|v
k eovkffo v|mvmeo`v ` c`~vmlcgcvmvom m`vo|ckm| m ue|uguc + Y.
Yov|cg' @. O|dm` ++ Nu|co|ug eofcnmg.
4. Jm`om' Ecdmcg. M~xonvo `ou|kgkjcno c eofcnk%~kncmgo gm
c`ymgcrcc nu c`~uic%nco` ym~nugm| no|ol|mg xk~vv|muemvcn + Ecdmcg
Jm`om' Nk`~vm`vc` Onk' ^vm`c~gmyJ|kxxm ++ ^`vmvo xulgcn' onk`keco c
em`mjoeo`v ` eofcnc`.
-
7/23/2019 BNM 5-2008
118/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
119/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
==3
. V|mvmeo`vug ndc|u|jcnmg ` i|mnvu|cgo fo ngmycnug + O. Jk|`om'
Y. ^vm|u`' M.Funm' M. _~mvc ++ Nu|co|ug eofcnmg.
-
7/23/2019 BNM 5-2008
120/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
121/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=
-
7/23/2019 BNM 5-2008
122/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
123/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=
-
7/23/2019 BNM 5-2008
124/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
125/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=
-
7/23/2019 BNM 5-2008
126/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
127/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=
-
7/23/2019 BNM 5-2008
128/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
129/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=
-
7/23/2019 BNM 5-2008
130/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
131/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=>=
. ' . , . ; ..., 2 QU + % ++ . .
-
7/23/2019 BNM 5-2008
132/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
133/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=>>
-
7/23/2019 BNM 5-2008
134/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
135/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=>?
33 $=3 vcv.#.
36C^VK\CO JO@O\MG.C^VK\CO _@CYO\^MG
36$># C~vk|cm guecc m`vcno
-
7/23/2019 BNM 5-2008
136/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%
-
7/23/2019 BNM 5-2008
137/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=>:
C@FOT FO @_EO GM N\K@CNM M\VCNKGOGK\ FO JMROV@\ ?%9Lkf|uj' @. ='
>Nmx|k' @.
-
7/23/2019 BNM 5-2008
138/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%4%>3Onk' Gufecgm
-
7/23/2019 BNM 5-2008
139/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=>3
I|u`r' @cnkgmo Jk|`om' I. 4J|k~~u' ^cgycu
-
7/23/2019 BNM 5-2008
140/219
N|k`cnm m|vcnkgogk| fo |oyc~v @| ?%Ekjgfom' N|c~vc`m ='
>@cnu' Fm` 8=Yov|cg' Y. ?Ycfmcnu' Ecdmogm :?Yco|cu' Ouioecm
-
7/23/2019 BNM 5-2008
143/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=6>
R
Rmlkgkv`mcm' Gcgcm 3 Eovkfo mgo vcc`ogk| ~kncmgo=6 Foekj|mico.
^vufcug xkxugmcoc
-
7/23/2019 BNM 5-2008
152/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
153/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=?>
v|oxfu xo g`j _|ondom` + Cu|co \knm ++ Igut nk`vc`uu 2 of. fo
yc`o|c. . ' . 2 Q. U + ++ xgu~. +>
-
7/23/2019 BNM 5-2008
154/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
155/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=??
-
7/23/2019 BNM 5-2008
156/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
157/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=?:
.8=. Zdcvo~cvo' Fmyk|am. Fmyk|am Zdcvo~cvo 2 Y|omu ~ `y gcelm
|ke` 2
Qc`vo|ycu nu ~kcm melm~mfk|uguc Em|cc L|cvm`cc gm Ndcc`uU +
nk`~oe`m|o 2 Xmyog Xfu|m|u ++Vcexug fo fcec`om.
-
7/23/2019 BNM 5-2008
158/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
159/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=?3
=?. Bun' Gufecgm. Nk`vomr |omgcr|cgo `km~v|o nkeu`o' `u |ovk|cnm
2 c`vo|ycunu G. Bun' x|ce%~on|ovm| mg Melm~mfoc \ox. Ekgfkym `
Cvmgcm + nk`~oe`m|o 2 Onmvo|c`mFogou ++ Igut nk`vc`uu 2 of. fo
yc`o|c. 8 emc. X. 6.
=9. Ecnm|om Mncu`om Ou|kxom`. Fongm|mcm Ecn|cc Mncu`om
Ou|kxom`$EMO# x|cyc`f mvcvufc`om im fo Nk`noxcm ^onu|cvcc @mck`mgo
m \oxulgcncc Ekgfkym ++ Bu|%`mg fo Ndcc`u.
-
7/23/2019 BNM 5-2008
160/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
161/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=9=
>. ' . + % ++ . . 8 . . >.
>6. ' . 2 Q U + ++ M`mgsvc}uo Ekgfx|o~m. = . . 9%:.
$Yorc fo m~oeo`om @|
-
7/23/2019 BNM 5-2008
162/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%>[email protected]@O
ONK@KECNO
>>= Eu`n. \ogmcc fo eu`n. Onk`kecm eu`ncc. K|jm`crm|om
eu`ncc
64. ^onu|cvmvom c cjco`m eu`ncc 2 Qemvo|cmgo mgo eo~oc |kvu`fo
^cju|m`m ycoccc ~`vcc ioeocgk| ` no`v|ug mvo`coc ~c`fcnmvogk|U +
nk`~oe`m|o 2 Ycnvk| Xmygcun ++ Yknomxkxk|uguc. 8 emc. X. >1 . 8
. . >. Nux|c`~ 2 Klu` ~`vmvo gm gknug fo eu`n xo`v|u vkc
eu`ncvk|cc + Kgoj Lufrm1 O mlo|m`v ~ kv|yce
-
7/23/2019 BNM 5-2008
163/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=9>
keug c ~%g xgvce xo`v|u n%g kv|yce + Fuecv|u ^vycg1 ^cju|m`m
ycocc c ~`vcc ioeocgk| ` no`v|ug mvo`coc ~c`fcnmvogk| + M`m
^ogc`m.
63. ' . . 2 Q% 2 . U + ++ . =.=8?.66 ^c`fcnmvo
?8. Ngfm|o' Fuecv|u. _`cyo|~cvmvom fc` Ekgfkym 2 k|co`v|c c
fkec`m`vo mgomnvcycvcc ~c`fcnmgo + Fuecv|u Ngfm|o ++ Yknom
xkxk|uguc. 8 emc. X.1 . 8 . . >. $^uxg. Guec`m1 @| ?#.
?=. Cym`ky' Fuecv|u. Ck` Lugmv keug xkv|cycv gm gknug xkv|cycv 2
Qfo~x|o x|o.Nk`~cgcuguc \oxulg. mg ^c`fcnmvuguc Ofunmcoc c vcc`oc 2
c`vo|ycu nu F. Cym`ky' xm|gmeo`vm|U +nk`~oe`m|o 2 \mcm \kjmn ++
Ingcm. = emc. X. =8.
?. \u~u' Vufk|. Eovmgug ~o ngovo ` ikn' cm| keug ` guxv 2
Qfo~x|o Ck`Lugmv' x|o. mg Nk`~cgcuguc \oxulg. mg ^c`fcnmvuguc
Ofunmcoc c vcc`ocU + Vufk| \u~u ++ Ingcm.
= emc. X.=8.
?6. \u~u' Yo|m. ^n`vocm ~c`fcnmg 2 Qc`vo|ycu nu Y. \u~u' x|o. mg
nkecvovuguc~c`fcnmg gm ^M Ekgfx|o~mU ++ Yknom xkxk|uguc. <
Onk`keco |ojck`mg. Onk`kecm xe`vuguc c m x|kx|covcc. Onk`kecm
ik`fuguc fo gknuc`o
?9. ' . 2 + ++ . 8 . . >.
>>6 Ik|eo fo k|jm`crm|o c nkkxo|m|o ` mnvcycvmvom
onk`kecn
?:. ' . 2 2Q %. U + ++ %.
-
7/23/2019 BNM 5-2008
164/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
165/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=9?
>>4 ^cvumco onk`kecn. Xkgcvcn onk`kecn. Nk`funo|om
onk`kecoc. Xgm`cicnm|om onk`kecoc.
X|kfunco. ^o|ycncc. X|ou|c
94. ' . 2 Q %
-
7/23/2019 BNM 5-2008
166/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
167/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=9:
4?. ' . 2 Q % . U + ++ . . >3.: Ic`m`o c`vo|`mck`mgo
49. ' . 2 % 2 . %. . + ++ . .
-
7/23/2019 BNM 5-2008
168/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%6= F|oxv c`vo|`mck`mg
36. Vk||o~' \ms Yc|jcggck. ^u`v ikm|vo kxvcec~v' Ekgfkym m|o
m`~o |omgo 2 c`%vo|ycu nu \. Y. Vk||o~' |ox|oro`vm`v _@CNOI ` \ox.
Ekgfkym + c`vo|ycu |omgcrmv fo Oujo`cmVkim` ++ F|oxvug. 8 emc. X.
>.
$Yorc fo m~oeo`om @| 6< F|oxv xulgcn. F|oxv nk`~vcvuck`mg.
F|oxv mfec`c~v|mvcy
3?. Mlm`fk`mc fo x|c`c c fo ~vmv 2 Qf|oxvu|cgo nkxccgk|
mlm`fk`mc 2 emvo|cmgmg No`v|uguc fo C`yo~vcjmcc Bu|`mgc~vcnoU ++
F|oxvug.
-
7/23/2019 BNM 5-2008
169/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=93
. ' . ; + ++ . 69 F|oxv onk`kecn. Gojom nk`v|kguguc
juyo|`meo`vmg m~ux|m onk`kecoc
-
7/23/2019 BNM 5-2008
170/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%6:.3 X|knofu| bufcncm|.
K|jm`crm|o c xo|~k`mg bufcncm|
. ' . % 2 . % . ++ . .
-
7/23/2019 BNM 5-2008
171/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=:=
>9M^C^VO@ ^KNCMG.M^CJ_\\C ^KNCMGO
>96 X|klgoeo ~kncmgo nm|o |ongme mbuvk| c m~c~vo`. Vcxu|c fo
mbuvkm|o ~kncmgo
1 . 8 . . >.
-
7/23/2019 BNM 5-2008
172/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%. Kgvom`%J|onu' Gcgcm. Fo~x|o
u`ogo m~xonvo mgo x|kno~uguc ofunmck`mg +Gcgcm Kgvom`%J|onu ++
Ingcm.
-
7/23/2019 BNM 5-2008
173/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=:>
3. Emgmndcc' Em|cm. Ncreogo nknk~v|nuguc fo Mu|ogcu Lu~uckn 2
m|vm fc~nucoc` ng. m :.83= K|jm`crm|om ~c~voeuguc fo ofunmco c
`ye`v. K|jm`crm|om nkgm|
-
7/23/2019 BNM 5-2008
174/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
175/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=:?
-
7/23/2019 BNM 5-2008
176/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
177/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=::
Luluconc' eu`. Ndcc`uU + m fcmgkjmv Vmvcm`m Ncklm`u ++
Nmxcvmgm.
-
7/23/2019 BNM 5-2008
178/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
179/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=:3
6%
-
7/23/2019 BNM 5-2008
180/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
181/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=4=
-
7/23/2019 BNM 5-2008
182/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
183/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=4>
993 Eovmgu|jco
993.8 Eovmgu|jco ` jo`o|mg
-
7/23/2019 BNM 5-2008
184/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%6. ' . 2 Q . % U + ++ . .
8.
?. ' . 2 Q %. U + ++ . . 8 . . 9.
::IKVKJ\MICO C MNVCYCVC ^CECGM\O.NC@OEMVKJ\MICO
9. Lk`c~' Emu|crck J. fo. Eugc cvmgco`c mu k cemjc`o `o|omg
fo~x|o Ekgfkym2 Qxo em|jc`om otxkrccoc fo ikvkj|mico nu jo`o|cnug
,Nm|m Ekgfkym, $^nuexm Ekgfky# |om%gcrmv fo ikvkj|miug Mgi|ofk
Nkyc`k 2 c`vo|ycu nu n|cvcnug fo m|v E. J. fo Lk`c~ + nk`~oe`m|o
2Onmvo|c`m Fogou ++ Igut nk`vc`uu 2 of. fo yc`o|c.
-
7/23/2019 BNM 5-2008
185/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=4?
:4E_RCN
:. Lu|gmnu' Jovm. M No`vu|s ki Gkyo o~vo i|ofk`mv fo xulgcnug
ou|kxom` 2Qc`vo|ycu nu J. Lu|gmnu' |ox|oro`vm`vm \ox. Ekgfkym gm
Ou|kyc~ck` 3. Fmycf' Oujo`cm. Ecdmc Fkgjm` 2 Me myuv emc eugv `k|kn
fonv mgcc 2 Qxoem|jc`om n|cc ,Ecdmc Fkgjm`. Vmc`m ycocc eogoU +
Oujo`cm Fmycf ++ ^xve`m.
-
7/23/2019 BNM 5-2008
186/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
187/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=4:
-
7/23/2019 BNM 5-2008
188/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
189/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=43
-
7/23/2019 BNM 5-2008
190/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
191/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=3=
4
-
7/23/2019 BNM 5-2008
192/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
193/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=3>
-
7/23/2019 BNM 5-2008
194/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%:> ? 2 Qyo|~u|cU + @cnkgovm
O~c`o`nu ++ Nk`v|mik|v.
-
7/23/2019 BNM 5-2008
195/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=3?
-
7/23/2019 BNM 5-2008
196/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
197/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=3:
-
7/23/2019 BNM 5-2008
198/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
199/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
=33
-
7/23/2019 BNM 5-2008
200/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
201/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
-
7/23/2019 BNM 5-2008
202/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%
-
7/23/2019 BNM 5-2008
203/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
C@FOT FO @_EO GM ,N\K@CNM M\VCNKGOGK\ FO JMROV,@\ ?%9
Lk|focm`u' Nvgc` 4Lu~d' Jok|jo Z.
-
7/23/2019 BNM 5-2008
204/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%3Fogou' Onmvo|c`m =?' ?Fo`c~'
Lk|c~
-
7/23/2019 BNM 5-2008
205/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
-
7/23/2019 BNM 5-2008
206/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%4Xkxm' Jdok|jdo
-
7/23/2019 BNM 5-2008
207/219
Lclgckj|micm @mck`mg m Ekgfkyoc @mvck`mg Lclgckj|mxds ki
Ekgfkym
' =^ogc`m' M`m 64^oeo`cun' V.
-
7/23/2019 BNM 5-2008
208/219
N|k`cnm m|vcnkgogk| fo jmuov @| ?%> Onk`keco. vcc`o onk`kecno
................................ ................................
... =6
>6F\OXV.B_\C^X\_FO@................................
................................ ................ =3
>? Mfec`c~v|mco xulgcn. M|v
ecgcvm|................................ ........................ 9
M~c~vo` ~kncmg. M~cju||c ~kncmgo................................
.........................
-
7/23/2019 BNM 5-2008
213/219
>3 Ov`kgkjco. Ov`kj|mico. Klcnocu|c. V|mfccc. Fmvc`c. Ekf fo
ycm. Ikgngk|
................................
................................ ................................
................. =
?? Jokgkjco. vcc`o jokgkjcno c jokicrcno
................................ ................... >>
9= Eofcnc` ................................
................................ ................................
.. >>
9< C`jc`o|co. Vod`cn jo`o|mg................................
................................ ... >:
9> Mj|cnugvu|. vcc`o c x|knofoo `|ufcvo. ^cgycnugvu|.
Otxgkmv|c mj|cnkgo
c mgo ycocc ~glmvcno................................
................................ ................. >4
96 Onk`keco nm~`cn. vcc`o fkeo~vcno. `v|oc`o|om nm~oc
......................... 68
9? Nk`funo|o c k|jm`crm|o ` c`fu~v|co' nkeo| c nkeu`cnmcc
.................. 6=
:M\V.\ON\OO\O.FCYO\VC^EO@V.^XK\V
................................ ...................... 6>
:< M|dcvonvu|................................
................................ ...............................
6>
:4 Eurcn ................................
................................ ................................
..... 6>
:3 Fcyo|vc~eo`v. \on|oo|o. Bknu|c.
^xk|v................................ ...................... 66
4GC@JYC^VCN.ICGKGKJCO.GCVO\MV_\ ................................
.......................... 6?
48+4= X|klgoeo jo`o|mgo nu x|cyc|o gm gc`jyc~vcn c gcvo|mvu|.
Icgkgkjco ... 6?
4<
Gcvo|mvu|................................................................
................................ .
?83JOKJ\MICO.LCKJ\MICC.C^VK\CO................................
................................ ..... ?4
384 Ek`kj|micc mgo gknmgcvcgk| ................................
................................ ............ ?4
3= Jokj|mico. Otxgk|m|om xe`vuguc c m fcio|cvogk| |c. Ngvk|cc
........... ?3
3>+36
C~vk|co................................................................
................................ .. 98
3>8 vcc m c~vk|coc. vcc`o mutcgcm|o mgo c~vk|coc
................................ .................... 98
36 C~vk|co jo`o|mg. C~vk|co
u`cyo|~mg..........................................................
98
-
7/23/2019 BNM 5-2008
214/219
-
7/23/2019 BNM 5-2008
215/219
6 F|oxv. Bu|c~x|ufo`................................
................................ ................ 3?
>? Mfec`c~v|mco xulgcn. M|v
ecgcvm|................................ ......................
=8=
>9 M~c~vo` ~kncmg. M~cju||c
~kncmgo................................ ....................... =8:
Ofunmco. `ye`v. C`~v|uc|o. Vcex gclo|
................................ .......... =8>
>3 Ov`kgkjco. Ov`kj|mico. Klcnocu|c. V|mfccc. Fmvc`c. Ekf fo
ycm. Ikgngk|
................................
................................ ................................
............... =89
?EMVOEMVCN.VCC@O MGO @MV_\CC................................
............................. =8:
?= Emvoemvcn ................................
................................ ............................
=84
?? Jokgkjco. vcc`o jokgkjcno c jokicrcno
................................ ................. ===
?3 Rkkgkjco................................
................................ ................................ .
===
9VCC@O [email protected]@CN ................................
....................... ===
9= Eofcnc` ................................
................................ ................................
===
9< C`jc`o|co. Vod`cn jo`o|mg................................
................................ . =
-
7/23/2019 BNM 5-2008
216/219
+36
C~vk|co................................................................
................................ =>?
36 C~vk|co jo`o|mg. C~vk|co u
cyo|~mg........................................................
=>?
C`fot fo `ueo gm
N|k`cnm m|vcnkgogk| fo jmrov
@| ?%:Gc~vm |oyc~vogk|' nugojo|cgk| c xulgcnmccgk| nk`vc`uo mgo
n|k| m|vcnkgo ~u`v icmvo `
,N|k`cnm m|vcnkgogk| fo |oyc~v, @| 6%
-
7/23/2019 BNM 5-2008
217/219
3 Ov`kgkjco. Ov`kj|mico. Klcnocu|c. V|mfccc. Fmvc`c. Ekf fo ycm.
Ikgngk|
................................
................................ ................................
............... =:?
?EMVOEMVCN.VCC@O MGO @MV_\CC................................
............................. =:9
?= Emvoemvcn ................................
................................ ............................
=::
?? Jokgkjco. vcc`o jokgkjcno c jokicrcno
................................ ................. =::
?9 Xmgok`vkgkjco................................
................................ ......................... =::
?4 Lkvm`cn................................
................................ ................................ .
=::
9VCC@O [email protected]@CN ................................
....................... =:4
9= Eofcnc` ................................
................................ ................................
=:4
9< C`jc`o|co. Vod`cn jo`o|mg................................
................................ . =48
9> Mj|cnugvu|. vcc`o c x|knofoo `|ufcvo. ^cgycnugvu|.
Otxgkmv|c mj|cnkgo
c mgo ycocc ~glmvcno................................
................................ ............... =4=
9? Nk`funo|o c k|jm`crm|o ` c`fu~v|co' nkeo| c nkeu`cnmcc
................ =4=
99 Vod`kgkjco ndcecn. C`fu~v|cc ndcecno c `|ufcvo
................................ . =4
:M\V.\ON\OO\O.FCYO\VC^EO@V.^XK\V
................................ .................... =4>
:= ^c~voemvcrm|o icrcn. ^c~voemvcrm|o |ojck`mg' u|lm` c |u|mg.
_|lm`c~e.
Xoc~mbo. Xm|nu|c.
j|fc`c................................................................
........ =4>
:>+:9 M|vo xgm~vcno. M|vo fonk|mvcyo
................................ ...........................
=4>
:?+:9 Xcnvu|. M|vo j|micno. J|micn. J|myu|
................................ ........... =46
:: Ikvkj|mico c mnvcycvc ~cecgm|o. Nc`oemvkj|mico
................................ .. =46:4 Eurcn
................................ ................................
................................ ... =4?
:3 Fcyo|vc~eo`v. \on|oo|o. Bknu|c.
^xk|v................................ .................... =49
4GC@JYC^VCN.ICGKGKJCO.GCVO\MV_\ ................................
........................ =38
48+4= X|klgoeo jo`o|mgo nu x|cyc|o gm gc`jyc~vcn c gcvo|mvu|.
Icgkgkjco . =38
4<
Gcvo|mvu|................................................................
............................... =3=
3JOKJ\MICO.LCKJ\MICC.C^VK\CO................................
................................ ... =33
-
7/23/2019 BNM 5-2008
218/219
-
7/23/2019 BNM 5-2008
219/219
