Portafolio de ARH I - asesor master de rentas vitalitacias

7/23/2019 Portafolio de ARH I - asesor master de rentas vitalitacias

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QCOWARXONMN ROHMRNL [MEIMGMHQE^MN NA HOACHOMX AHLCØIOHMX _ AI[RAXMROMEAX

AXHQAEM [RLGAXOLCME NA MNIOCOX^RMHOØC _ DARACHOMA[AE

Hqrxl na Mniocox~rmhoøc naRahqrxlx @qimclx O

[lr~mgleol na MR@ O: Mxaxlrm

Imx~ar na Rac~mx Wo~meohomx

Meqicm: MEAJMCNRM HQBM BMOLHH@O

Hønodl: 2;=;;;;14

[RLGAXLR: Id# Ahl# Toexlc ^lrrax Némz

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OCNOHA

=#) Iï~lnl na em ^ïhcohm na em Rajoeem M{eohmnm me [emcamioac~l Ax~rm~ïdohlna em Ai{raxm y m emx Gqcholcax nae[qax~l‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧#{md# 8

2#) Ae Mcíeoxox nae [qax~l na ^rmbmjl‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧##{md# 0

8#) Em Naxhro{hoøc nae [qax~l na ^rmbmjl‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧{md# 21

>#) Em Xleoho~qn naAi{eal‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧

##{md# 2?

1#) Ae Mcqchol na Raheq~mioac~l {mrm emOcwax~odmhoøc‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧#{md# 87 7#) Ae Mcqchol na Raheq~mioac~lAgah~owl‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧##‧‧#{md# 84

4#) Ilnael naAc~rawox~m‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧#

‧‧##{md# 80

0#)[rlgaxoldrmim‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧#‧‧##{md# >=

?#) Onac~ogohmhoøc na emx cahaxonmnaxocnowonqmeax‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧#‧‧‧{md# >>

=;#) Onac~ogohmhoøc na emx cahaxonmnax hleah~owmx l {lr

na{acnachomx‧‧‧‧‧#‧‧‧#{md# >1

==#) Ilnael na Awmeqmhoøc naNaxai{aýl‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧{md# >7 =2#) Ilnael na hlcx~rqhhoøc na raiqcarmholcax O(iï~lnl na emxhm~adlrémx na~ariocmnmx/

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‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧{md#1=

=8# Iï~lnl na elx Gmh~lrax y xqxDrmnlx‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧‧##{md#17

8



=#) IA^LNL NA EM ÂHCOHM NA EM RAJOEEM M[EOHMNM ME[EMCAMIOAC^L AX^RMÂDOHL NA EM AI[RAXM _ M EMXGQCHOLCAX NAE [QAX^L

AI[RAXM: ROIMH XADQRLX

=# Hlcx~rqhhoøc na em Rajoeem ac bmxa m elx [emcax [rl{øxo~l#

[mr~ax na[A

Hlc~aconl Hli{a~achom Ap{eohmhoøc

=# Ioxoøc Aphanar emxap{ah~m~owmx nacqax~rlx heoac~ax ac~lnl iliac~l y

ac ~lnl eqdmr#

M~achoøc meHeoac~a

Hram~owonmn

Ac ae iqcnl hli{a~o~owlna `ly% `my iqh`mxai{raxmx hm{mhax nal~lrdmr {rlnqh~lx y

xarwoholx M=% {arl el }qanox~ocdqa m em ai{raxm axxq hm{mhonmn na xoai{raax~mr qc {mxl imx meeí nael }qa xleoho~m ae heoac~a#Ilx~rmrxa hram~owl `mhomae heoac~a ax qcm mh~o~qn}qa naiqax~rm occlwmhoøc{mrm }qa elx heoac~axxoai{ra {qanmcxlr{racnarxa na cqax~rl

xarwohol% ax nahor% ac ~lnliliac~l y eqdmr ym }qaax el }qa wm m xqx~ac~mr}qa ae heoac~a }qoaraxadqor {arimcahoacnl hlcclxl~rlx y raclwmcnl xqxxarwoholx#

2# Woxoøc Xar qcm ai{raxm nahemxa iqcnome%eénar elhme ac

xadqrlx y xmeqn#

Cowaeax na ^rmbmjl

Mxqchoøc naRoaxdlx

Ae ax~mbeahar drmcnaxia~mx {mrm elx ai{eamnlxhram qcm goelxlgém na

~rmbmjl ac em }qa cl `myqc hlcglrioxil xocl }qaxoai{ra xa bqxhm mehmczmrelx imx me~lx ax~ícnmraxna hmeonmn#Ac ae hmiocl `mhom aeeonarmzdl nae iarhmnl xanabac ~limr nahoxolcax m

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emrdl {emzl }qa acmedqclx hmxlx xodcogo}qacqcm {ïrnonm ac ae hlr~l{emzl {arl }qa ~a mxadqraqc hrahoioac~l xlx~acobea

ac ae ~oai{l ac emrac~mboeonmn na emai{raxm#

8# Wmelrax Wlhmhoøc na xarwoholOc~adronmnHli{rlioxlAphaeachom

Ocohom~owm

Oc~adronmn

Hli{rlioxl

Ia~ohqelxonmn

Mxqior qcm {lxohoøc mh~owmmc~a hqme}qoar mh~owonmn }qaxa mxodca% ~rm~mcnl xoai{rana xq{armr em ia~mmxodcmnm#Xa naba hramr qcm {leé~ohmbmxa y ax{ahégohm xlbra emhqme xa xqx~ac~a elx wmelraxnae {arxlcme ym }qa ac emx

ai{raxmx% hmnm {arxlcm `m~aconl qcm rameonmn nox~oc~my {lnrém ~acar qcm woxoøc naem ï~ohm nogarac~a#Lgrahar m elx ~rmbmjmnlraxocglrimhoøc mboar~m y hemrmxlbra emx hqmeax xa bmxmríxq naxmrrleel ac em ai{raxm%el }qa dacarmrí }qa elx~rmbmjmnlrax xa xoac~mcil~owmnlx {lr aeel aonac~ogohmnlx hlc xq

ai{eamnlr#Bqxhmr xoai{ra em iajlrxleqhoøc m elx {rlbeaimxoc~adrmcnl m ~lnmx emx íramxcahaxmromx {mrm }qa aeraxqe~mnl xam oi{ahmbea ydacara qc {m~røc {mrm ~lnlxelx hmxlx#

1



2# Hlcx~rqhhoøc na em rajoeem ac bmxa me {qax~l y emx gqcholcaxnae {qax~l#

Clibra nae [qax~l Mxaxlrm Imx~ar na Rac~mx Wo~meohomx

Hli{a~achomx naRaemholcaxOc~ar{arxlcmeax#

• Hlcwochac~a

• Mxar~owl

• Ocna{acnoac~a

• No{elií~ohl

• Lbxarwmhoøc na[arxlcmx

• ^learmc~a,geapobea

• @qimcl,xacxobea

• Hm{mz naraxlewarhlcgeoh~lx

• Naba dacarmr em hlcgomczmxqgohoac~a hlc ae heoac~a {mrm}qa nahonm {lr xq ai{raxm#

• Ax~mbeahar qcm hliqcohmhoøc acem }qa xa raxme~ac emx glr~meazmxy xa `mdm qcm hli{mrmhoøc hlcem hli{a~achom xoc cahaxonmn nanaxmhrano~mrem#

• Dacarmr xqx {rl{omx ax~rm~adomxy mrdqiac~lx ac bmxa m emhm{mho~mhoøc#

• Hm{mz na hlcxadqor ocglrimhoøcnae heoac~a xoc ocwmnorel#

• Rahlclhar }qa noha hmnm qcl naelx dax~lx na elx heoac~ax ym }qaax~lx xlc qc {m~røc na

hli{lr~mioac~l }qa clx{ario~orí rawar~or emx nqnmx#

• Nmr ~lnl na qcl {arl xmbarmha{~mr hqmcnl qc heoac~a cl ax{mrm ~o#

• Me dacarmr hlcgomczm hlc aeheoac~a% ax~a clx hlcgém xqxmeadrémx% ~rox~azmx% a~h }qa

nabac xar rahlclhonmx ym{rahomnmx {lr ae Mxaxlr#

• Eeawmr xq ~rmbmjl ac mrilcém ym}qa ac~ra elx Mxaxlrax apox~aqcm hli{a~achom occm~m na xardmcmnlrax#

7



Eox~mnl na gqcholcax Hli{a~achomx Ap{eohmhoøc• Na{qrmhoøc na Hmr~arm

na Heoac~ax#

• Mcmeozmr emmrdqiac~mhoøc {mrm naeiarhmnl hli{a~onlr{mrm aemblrmr ~q x{aah`na wac~mx y rabm~or emxnqnmx#

• Aemblrmr hl~ozmholcaxap~rmlgohomeax na{acxoøc#

• Rameozmr woxo~mx m elxheoac~ax {rlx{ah~l namhqarnl me [emc na

Gonaeozmhoøc#

• Mxox~or m elx heoac~ax{rlx{ah~l nqrmc~a hmnmxahhoøc na xq ~ríio~a acem MG[ `mx~m em gorimgocme#

• Hlemblrmr hlc ae íram nahm{mho~mhoøc eawmc~mcnl

ocglrimhoøc na emhli{a~achom y naeiarhmnl hlc elx heoac~axwoxo~mnlx#

• Ocdraxmr me xox~aim hmnmwoxo~m rameozmnm me heoac~a

• Ia~ohqelxonmn

• Hram~owonmn

• Ax{éro~qHliarhome

• HliqcohmhoøcLrme[arxqmxowm

• Oi{mh~l

• Hli{rlioxl

• HliqcohmhoøcAxhro~m

• M~achoøc meHeoac~a

•Mdl~mr ~lnlx elx ianolx {mrmqbohmr me {rlx{ah~l ({mdmimroeemx% bmxax na nm~lx%oc~arca~% a~h#/#

• Glriqemr wmrolx x{aah` na wac~mxna{acnoacnl nae {argoe nae heoac~aym }qa gocmeiac~a bmxmc xqnahoxoøc ac nogarac~ax il~owlx#

• Rameozmr qc mcíeoxox nae {argoe naeheoac~a {mrm aemblrmr em hl~ozmhoøcap~rmlgohome }qa xam imxbacagoholxl {mrm ae#

• [raxac~mr m em ai{raxm hlc xqxglr~meazmx y wor~qnax na imcarmhemrm y boac xqx~ac~mnm#

• Eldrmr }qa ae heoac~a xoac~m }qaax~mx {mrm ae xoai{ra }qa elcahaxo~m#

•Xmbar }qa hlcxadqor emocglrimhoøc na em hli{a~achom wmm myqnmr m ~lnm ae íram mhlcxadqor imylrax raxqe~mnlx#

• Ocdraxmr ae x~m~qx na hmnm heoac~ahlc ocglrimhoøc raeawmc~a }qa{ario~m m elx jagax hlclharcqax~rlx mwmchax

4



{rlx{ah~l#

• Dacarmr em xleoho~qn nabacagoholx mnoholcmeax{mrm ae heoac~a#

• Ac~radmr me Heoac~a em[øeozm na xq Rac~mWo~meohom#

• Hllrnocmr hlc ae íram naXl{lr~a em ac~radm naiarh`mcnoxocd {mrm elxheoac~ax#

• Xlhomboeonmn

• ^rmbmjl acA}qo{l

•Bqxhmr em iajlr me~arcm~owm nabacagoholx {mrm ae heoac~a }qaeldra `mharel xac~or xm~oxgah`l hlcxq nahoxoøc#

• âriocmnl ae {rlhaxl% ocgeqor{lxo~owmiac~a ac ae heoac~a {mrm}qa ~a hlcxonara ac qcm gq~qrmcahaxonmn

• Eldrmr ~acar m ~oai{l ae im~aromecahaxmrol {mrm ae heoac~a~rmbmjmcnl hllrnocmiac~a hlc aeíram na Xl{lr~a ax~mbeahoacnl~oai{lx na ac~radm

0



2#) AE MCMEOXOX NAE [QAX^L NA ^RMBMJL

=# NM^LX DACARMEAX

Ai{raxm: ROIMH XADQRLXClibra nae {mr~oho{mc~a: Meajmcnrm Hqbm Bmolhhò

^é~qel nae {qax~l }qa xa wm mcmeozmr: Mxaxlrm na Rac~mx Wo~meohomxAe {qax~l }qa xa mcmeozm ax nae ~o{l:Imr}qa hlc qcmP:

m# Dacarme b# Gqcholcme h# L{armholcmeP

2# NOBQJA QC LRDMCODRMIM:

4 Mýlx

1 Mýlx

8 Mýlx

8# XLBRA AE [QAX^L NA ^RMBMJL:m# Naxhrobm# ¼Hqíe ax em ioxoøc nae [qax~l na ~rmbmjl<Rameozmr emx woxo~mx na [rawac~m m elx heoac~ax na mhqarnl me [emc na Gonaeozmhoøc% {mrm mxaxlrmrelxrax{ah~l me {rlhaxl na jqboemhoøc% emx ilnmeonmnax na {acxoøc y ae gqcholcmioac~l nae {rlnqh~l{mrm eldrmr }qa hlc~rm~a cqax~rl xarwohol hlc em hlcwohhoøc na }qa Réimh Xadqrlx ax em hli{mýémhlc ae imylr rax{menl {mrm mxadqrmrxa qcm {acxoøc wo~meohom#

¼]qï gqchoøc(ax/ naxmrrleem< Mxaxlrém y Wac~m na Rac~mx Wo~meohomx{mrm em Jqboemhoøc

¼[mrm }qoïc naxmrrleem ax~mxgqcholcax<

[mrm elx heoac~ax na em hmr~arm ^l{

¼Høil naxmrrleem hmnm qcm na ax~mxgqcholcax<

Wac~m: xa eax woxo~m {aroønohmiac~anaxna qc mýl mc~ax na }qa hmeogo}qac{mrm em jqboemhoøc y xa eax mxaxlrmgocmchoarmiac~a ym }qa el }qa ~oacac}qa nahonor ax em hli{mýém }qaocwar~orí xq glcnl m emrdl {emzl {mrmrahobor qcm {acxoøc na jqboemhoøc na {lrwonm#

?

Mxaxlr na Rac~mx

Wo~meohomx

Xq{arwoxlr na

Rac~mx Wo~meohomx

Darac~a naM achom

Darac~a na Rac~mx

Wo~meohomx



¼Hqícnl naxmrrleem ax~mx gqcholcax< Lgohocm: na Eqcax m Woarcax na ?mi m7{i Woxo~mx mHeoac~ax: Hqme}qoar `lrmrol mnox{lxohoøc nae heoac~a#

Ioxoøc nae {qax~l na ~rmbmjl Rameozmr emx woxo~mx na [rawac~m m elx heoac~axna mhqarnl me [emc na Gonaeozmhoøc% {mrm

mxaxlrmrelx rax{ah~l me {rlhaxl na jqboemhoøc%emx ilnmeonmnax na {acxoøc y aegqcholcmioac~l nae {rlnqh~l {mrm eldrmr }qahlc~rm~a cqax~rl xarwohol hlc em hlcwohhoøc na}qa Réimh Xadqrlx ax em hli{mýém hlc aeimylr rax{menl {mrm mxadqrmrxa qcm {acxoøcwo~meohom#

b# mh~owonmnax nae {qax~l na ~rmbmjl:

Acqiara emx mh~owonmnax l ~mramx nae {qax~l na ~rmbmjl# Ai{oaha {lr em iíxoi{lr~mc~a# Hmnm

mh~owonmn naxhro~m naba rax{lcnar ~miboïc:Rameozmr woxo~mx m elx heoac~ax{rlx{ah~l na mhqarnl me [emcna Gonaeozmhoøc

¼Høilrameozm emmh~owonmn<

) Qbohm me heoac~a {rlx{ah~l ac em bmxana nm~lx

) Warogohm em ocglrimhoøc ac em XBX) Eemim me heoac~a {mrm ocglrimrea

mharhm na em Eay na Jqboemhoøc yhlcgorimr xo ax~m oc~araxmnl

) Hllrnocm qcm ho~m) Xleoho~m nm~lx {mrm em aemblrmhoøc na

qcm hl~ozmhoøc ap~rmlgohome) Ocdraxm elx nm~lx me iønqel {mrm

hramr qcm hl~ozmhoøc ap~rmlgohome) [ra{mrm qc goea hlc ~lnm em

ocglrimhoøc) Woxo~m me heoac~a) [raxac~m ocglrimhoøc xlbra {rlhaxl%

ilnmeonmnax) Rax{lcna m emx {radqc~mx) Hllrnocm qcm cqawm woxo~m {mrm em

{raxac~mhoøc na em hli{mýém) Ocdraxm em woxo~m ac ae xox~aim

Jqboemra¼[lr }qïrameozm emmh~owonmn<

[lr }qa em nahoxoøc na jqboemhoøc na emx{arxlcmx ax orrawlhmbea y ax oi{lr~mc~a }qaae heoac~a hlclzhm hqme ax em cm~qrmeazm nae{rlnqh~l ym }qa ae glcnl na em MG[ ~oaca qcgoc {rawoxolcme y ae naba ax~mr xadqrl }qa emai{raxm }qa aeojm {lnrí hqi{eor hlc {mdmreaxq {acxoøc na {lr wonm#

¼Hqícnlrameozm emmh~owonmn<

Grahqachom: 8 wahax mc~ax na hqi{eor hlc elxra}qoxo~lx na jqboemhoøc ac ae `lrmrol }qa aeheoac~a nox{lcdm#

Na{qrmhoøc na Hmr~armna Heoac~ax#


) Rawoxl elx nm~lx na io hmr~arm naheoac~a

) Warogohl xo hlochona em ocglrimhoøc) Ia hliqcohl hlc ae heoac~a {mrm

wmeonmr nm~lx

=;



) Xo ax hlrrah~l xa imc~oaca% xo cl axhlrrah~l el aeoiocl na em bmxa nanm~lx

¼[lr }qïrameozm emmh~owonmn<

[lr }qa em ocglrimhoøc hlc em }qahlc~milx cl ax lgohome y cahaxo~milxwmeonmrem {mrm ~acar hemrl elx heoac~ax

{rlx{ah~l na em hmr~arm#¼Hqícnlrameozm emmh~owonmn<

Nomromiac~a

Mcmeozmr emmrdqiac~mhoøc {mrm naeiarhmnl hli{a~onlr{mrm aemblrmr ~q x{aah`na wac~mx y rabm~or emxnqnmx#


) Eayacnl {aroønohlx% rawox~mx naahlcliém#

) Rawoxmcnl emx nom{lxo~owmx na emxhm{mho~mholcax

) M{qc~mcnl el }qa ia nohac elxheoac~ax xlbra em hli{a~achom


[lr }qa ~acdl }qa ax~mr {ra{mrmnm{mrm rabm~or elx mrdqiac~lx na emhli{a~achom y eldrmr }qa ae heoac~a

hlcgéa ac Réimh¼Hqícnlrameozm emmh~owonmn<

Nomromiac~a% ym }qa ax ocglrimhoøc }qahmibom hlcx~mc~aiac~a#

Aemblrmr hl~ozmholcaxap~rmlgohomeax na{acxoøc#


) Q~oeozl elx nm~lx na em bmxa na nm~lx) Hlcxqe~l elx nm~lx mnoholcmeax }qa

cahaxo~l me heoac~a) Ocdraxl em ocglrimhoøc me Hl~ozmnlr

nae xox~aim) Oi{roil em hl~ozmhoøc ap~rmlgohome


[mrm {lnar ac~radmrea me heoac~a qcm{rlyahhoøc na xq {acxoøc na mhqarnlm emx nogarac~ax ilnmeonmnax na eay%

{mrm }qa {qanm aeador em }qa imx eahlcwoaca¼Hqícnlrameozm emmh~owonmn<

Nomromiac~a% {mrm ~acaremx eox~mx ac aeiliac~l na em woxo~m

Mxox~or m elx heoac~ax{rlx{ah~l nqrmc~a hmnmxahhoøc na xq ~ríio~a acem MG[ `mx~m em gorimgocme#


) Hlcxqe~l hlc ae heoac~a ae ném y `lrmna xq ho~m ac em MG[

) Ac medqclx hmxlx% yl ioxim iaachmrdl na hlcxadqor em ho~m ac emMG[

) Qclx iocq~lx mc~ax na em `lrm% ax~lyac em MG[ {mrm rahobor me heoac~a yraxlewar hqme}qoar nqnm mc~ax na }qael eemiac

) Ax{arl }qa ~arioca xq ho~m ac aeiønqel na em MG[

) Hqmcnl ~ariocm xq ho~m% hllrnocl hlcaeelx qcm cqawm woxo~m {mrm rawoxmr emocglrimhoøc


[mrm nmr qc xadqoioac~l me hmxl y}qa ae heoac~a xa xoac~m boac m~acnonlym }qa {qana hlcxqe~mr hqme}qoarnqnm ac ae iliac~l {mrm hlcheqor xq

==



~ríio~a apo~lxmiac~a¼Hqícnlrameozm emmh~owonmn<

Hmnm waz }qa qcl na iox heoac~ax ~oaca }qamharhmrxa m em MG[% ax~l ax 1 wahax ac 1iaxax

Hlemblrmr hlc ae íram nahm{mho~mhoøc eawmc~mcnlocglrimhoøc na emhli{a~achom y naeiarhmnl hlc elx heoac~axwoxo~mnlx#


) Hlcxqe~l hlc ae heoac~a xo emhli{a~achom ea najø medqcm

ocglrimhoøc {mrm rawoxmr y hli{mrmr) Xleoho~l xo ia {qanac brocnmr qcmhl{om


[mrm xmbar }qa cqawm mrdqiac~mhoøc~oaca em hli{a~achom y hlil em ax~mq~oeozmcnl


Hmnm waz }qa woxo~l m iox heoac~ax

Ocdraxmr me xox~aim hmnmwoxo~m rameozmnm me heoac~a{rlx{ah~l#


) Ocdraxl me xox~aim Jqboemra naxna iohli{q~mnlrm ac em lgohocm l naxnaio em{~l{

) Bqxhl em ocglrimhoøc nae heoac~a

) Ocdraxl em gah`m na em woxo~m y emocglrimhoøc eawmc~mnm¼[lr }qïrameozm emmh~owonmn<

[mrm eeawmr qc hlc~rle na hmnm {mxl}qa nmilx hlc ae heoac~a y mnaiíx{mrm hqi{eor hlc ae [emc naGonaeozmhoøc }qa ax qc ra}qoxo~l {mrmae {mdl na iox hlioxolcax na wac~m


Oc~arnomrol

Dacarmr em xleoho~qn nabacagoholx mnoholcmeax

{mrm ae heoac~a#

¼Høilrameozm em

mh~owonmn<

) Hlcxqe~l hlc ae heoac~a elx nm~lx naelx gmioeomrax m elx }qa xa eaac~radmrí ae bacgohol

) [ra{mrl ae glriqemrol y el acwél {lrimoe m em {arxlcm achmrdmnm naXl{lr~a


[lr }qa ae bacagohol mnoholcme }qal~lrdm Réimh me heoac~a ax ap~acxowl{mrm ~lnlx elx gmioeomrax norah~lx naeioxil


Hmnm waz }qa eldrl ae hoarra na qcm Rac~mWo~meohom

Ac~radmr me Heoac~a em[øeozm na xq Rac~m

Wo~meohom#

¼Høilrameozm em

mh~owonmn<

) Rahobl nae Mram na Xl{lr~a em [øeozmnae heoac~a =1 némx nax{qïx na emgorim

) Hllrnocl hlc ae heoac~a qcm woxo~m) Ea ac~radl me heoac~a xq {øeozm ac em

}qa warogohmilx }qa ~lnm emocglrimhoøc ax~a hlrrah~m


[mrm hli{ea~mr em m~achoøc brocnmnmme heoac~a nqrmc~a ~lnl ae {rlhaxl y}qa aeelx hqac~ac hlc ae nlhqiac~llgohome }qa mhrano~m xq {acxoøcwo~meohom

=2




Qclx némx nax{qïx na }qa rahobl em {øeozm% namhqarnl m em nox{lcoboeonmn nae heoac~a

Hllrnocmr hlc ae íram naXl{lr~a em ac~radm naiarh`mcnoxocd {mrm elx

heoac~ax#


) Ac~radl me Mram na Xl{lr~a ae eox~mnlna heoac~ax }qa nabl woxo~mr ac aeiax

) Rahljl ae iarh`mcnoxocd% na mhqarnlme cúiarl na woxo~m }qa eahlrrax{lcna me heoac~a


[lr }qa hqmcnl woxo~l me heoac~a eaeeawl medúc radmeo~l {mrm gonaeozmrel y}qa clx ~acdm xoai{ra {raxac~ax


Me ocohol nae iax

=8



h# Nobqja qc nomdrmim na geqjl na emx mh~owonmnax hlc~aconmx ac ae {qax~l na~rmbmjl ac ae lrnac }qa emx rameozm#

Hlc~mh~l y woxo~m m qc Heoac~a [l~achome

># XLBRA ELX HLI[LR^MIOAC^LX @QIMCLXOcheqym ocglrimhoøc ac glrim ax{ahégohm y {lr xa{mrmnl xlbra emx hli{a~achomx

oc~ar{arxlcmeax l na oc~aeodachom ailholcme (dacïrohmx/ naxmrrleemnmx ac xq~rmbmjl na em rajoeem m{eohmnm me [A y m emx mh~owonmnax nae {qax~l na ~rmbmjl#

m# Ac ax~a {qc~l hraa 8 hleqicmx% ac em {roiarm {lcdm hmnm mh~owonmnnae {qax~l na ~rmbmjl% ac em xadqcnm em oc~arraemholcï hlchli{lr~mioac~lx `qimclx (iora ae eox~mnl na hli{a~achomx m bqxhmrac elx hlemblrmnlrax/% ~meax hlil xacxoboeonmn% hliqcohmhoøc% ~lim nanahoxolcax y axhro~qrm y ac em ~arharm ap{eo}qa ac xqx {rl{omx {membrmxel }qa xodcogohm {mrm qx~an# Wam elx hqmnrlx na ajai{el#

=>



Clibra nae [qax~l Mxaxlrm Imx~ar na Rac~mx Wo~meohomx

Hli{a~achomx naRaemholcax

Oc~ar{arxlcmeax#

• Hlcwochac~a

• Mxar~owl

• Ocna{acnoac~a• No{elií~ohl



• @qimcl,xacxobea


• Naba dacarmr em hlcgomczmxqgohoac~a hlc ae heoac~a {mrm}qa nahonm {lr xq ai{raxm#

• Ax~mbeahar qcm hliqcohmhoøc acem }qa xa raxme~ac emx glr~meazmxy xa `mdm qcm hli{mrmhoøc hlcem hli{a~achom xoc cahaxonmn nanaxmhrano~mrem#

• Dacarmr xqx {rl{omx ax~rm~adomxy mrdqiac~lx ac bmxa m emhm{mho~mhoøc#

• Hm{mz na hlcxadqor ocglrimhoøcnae heoac~a xoc ocwmnorel#

• Rahlclhar }qa noha hmnm qcl na

elx dax~lx na elx heoac~ax ym }qaax~lx xlc qc {m~røc nahli{lr~mioac~l }qa clx{ario~orí rawar~or emx nqnmx#

• Nmr ~lnl na qcl {arl xmbarmha{~mr hqmcnl qc heoac~a cl ax{mrm ~o#

• Me dacarmr hlcgomczm hlc aeheoac~a% ax~a clx hlcgém xqxmeadrémx% ~rox~azmx% a~h }qanabac xar rahlclhonmx ym{rahomnmx {lr ae Mxaxlr#

• Eeawmr xq ~rmbmjl ac mrilcém ym}qa ac~ra elx Mxaxlrax apox~aqcm hli{a~achom occm~m na xardmcmnlrax#

Eox~mnl na gqcholcax Hli{a~achomx Ap{eohmhoøc

• Na{qrmhoøc na Hmr~armna Heoac~ax#

•

Mcmeozmr emmrdqiac~mhoøc {mrm naeiarhmnl hli{a~onlr{mrm aemblrmr ~q x{aah`na wac~mx y rabm~or emxnqnmx#

• Aemblrmr hl~ozmholcax

• Ia~ohqelxonmn

• Hram~owonmn

• Ax{éro~qHliarhome

•Mdl~mr ~lnlx elx ianolx {mrmqbohmr me {rlx{ah~l ({mdmimroeemx% bmxax na nm~lx%oc~arca~% a~h#/#

• Glriqemr wmrolx x{aah` na wac~mxna{acnoacnl nae {argoe nae heoac~aym }qa gocmeiac~a bmxmc xqnahoxoøc ac nogarac~ax il~owlx#

• Rameozmr qc mcíeoxox nae {argoe naeheoac~a {mrm aemblrmr em hl~ozmhoøcap~rmlgohome }qa xam imx

=1



ap~rmlgohomeax na{acxoøc#

• Rameozmr woxo~mx m elxheoac~ax {rlx{ah~l na

mhqarnl me [emc naGonaeozmhoøc#

• Mxox~or m elx heoac~ax{rlx{ah~l nqrmc~a hmnmxahhoøc na xq ~ríio~a acem MG[ `mx~m em gorimgocme#

• Hlemblrmr hlc ae íram nahm{mho~mhoøc eawmc~mcnlocglrimhoøc na emhli{a~achom y naeiarhmnl hlc elx heoac~axwoxo~mnlx#

• Ocdraxmr me xox~aim hmnmwoxo~m rameozmnm me heoac~a{rlx{ah~l#

• Dacarmr em xleoho~qn nabacagoholx mnoholcmeax{mrm ae heoac~a#

• Ac~radmr me Heoac~a em[øeozm na xq Rac~mWo~meohom#

• Hllrnocmr hlc ae íram naXl{lr~a em ac~radm naiarh`mcnoxocd {mrm elxheoac~ax#

• HliqcohmhoøcLrme

[arxqmxowm

• Oi{mh~l

• Hli{rlioxl

• HliqcohmhoøcAxhro~m

• M~achoøc meHeoac~a

• Xlhomboeonmn

• ^rmbmjl acA}qo{l

bacagoholxl {mrm ae#

• [raxac~mr m em ai{raxm hlc xqxglr~meazmx y wor~qnax na imcarmhemrm y boac xqx~ac~mnm#

• Eldrmr }qa ae heoac~a xoac~m }qaax~mx {mrm ae xoai{ra }qa elcahaxo~m#

•Xmbar }qa hlcxadqor emocglrimhoøc na em hli{a~achom wmm myqnmr m ~lnm ae íram m

hlcxadqor imylrax raxqe~mnlx#

• Ocdraxmr ae x~m~qx na hmnm heoac~ahlc ocglrimhoøc raeawmc~a }qa{ario~m m elx jagax hlclharcqax~rlx mwmchax

•Bqxhmr em iajlr me~arcm~owm na

bacagoholx {mrm ae heoac~a }qaeldra `mharel xac~or xm~oxgah`l hlcxq nahoxoøc#

• âriocmnl ae {rlhaxl% ocgeqor{lxo~owmiac~a ac ae heoac~a {mrm}qa ~a hlcxonara ac qcm gq~qrmcahaxonmn

• Eldrmr ~acar m ~oai{l ae im~aromecahaxmrol {mrm ae heoac~a~rmbmjmcnl hllrnocmnmiac~a hlcae íram na Xl{lr~a ax~mbeahoacnl~oai{lx na ac~radm

=7



b# Ac ax~a {qc~l ocheqorí ocglrimhoøc xlbra emx apodachomx {arxlcmeax nae{qax~l ac ~ariocl na:Na~ariocmr na mhqarnl m emx hli{a~achomx% m emx im}qocmromx%àrrmioac~mx% a}qo{lx% ocx~rqiac~lx }qa q~oeozm {mrm gmbrohmr{rlnqh~lx% mcmeozmcnl emx íramx nlcna xa {rlhaxm% m elx ax~ícnmrax na

naxai{aýl% me hlc~ap~l nae {qax~l y elx ra}qoxo~lx {rlgaxolcmeax: ae~o{l na {arxlcm }qa qx~an hraa }qa xa cahaxo~m {mrm ae {qax~l#

) = `lrm: Raqcoøc hlc em Xq{arwoxlrm) 2 `lrmx: Warogohmr heoac~ax ac em XBX y eemimr {mrm hllrnocmr ho~mx) = `lrm: [ra{mrmr hl~ozmholcax ap~rm lgohomeax y goeax {mrm elx heoac~ax) = `lrm: Meiqarzl) ;#1 `lrmx: ^rmxemnl m em hmxm nae heoac~a) = `lrm: Woxo~m m qc heoac~a) ;#1 `lrmx: ^rmxemnl m em hmxm nae heoac~a) = `lrm: Woxo~m me heoac~a

ô{l na {arxlcm: ]qa xam hram~owm y hlcwochac~a% hlc oc~araxax yia~mx gojmx# ]qa xam ~learmc~a m em grqx~rmhoøc y {arxox~ac~a# Clcahaxmromiac~a {rlgaxolcme {arl xo hlc dmcmx na xq{armrxanomromiac~a#

1# XLBRA EM IM]QOCMROMX% @ARRMIOAC^MX% A]QO[LX% OCX^RQIAC^LX%MIBOACÂX _ MQPOEOMRAX QÔEOZMNLX AC AE [QAX^L NA RMBMJL#Ocheqym ocglrimhoøc ac glrim ax{ahégohm y {lr xa{mrmnl xlbra:

m/ Naba {rl{lrholcmr ocglrimhoøc xlbra emx im}qocmx% a}qo{lx%

àrrmioac~mx a% ocx~rqiac~lx (~lnlx elx ~o{lx na xqiocox~rlx }qa xanabac ~acar {mrm `mhar emx ~mramx l gqcholcax nae {qax~l na ~rmbmjl/#

Mr~éhqel ô{l Mh~owonmn Ap{eohmhoøcHli{q~mnlrm

Naxf~l{ Xox~aim JqboemraHl~ozmholcaxHlrralaeah~røcohl

Q~oeozmilx qcm hli{q~mnlrm{mrm rawoxmr ae hlrralaeah~røcohl% ocdraxmr emxmh~owonmnax ac ae Jqboemra yrawoxmr ~q hmr~arm na heoac~axy rameozmr em hl~ozmholcaxap~rmlgohomeax na {rlyahhoøcna {acxoøc#

âeïglcl Gojl Eemimnmx mheoac~ax ymcaplxoc~arclx

Hqmcnl ax~ailx ac emlgohocm {lnar hliqcohmrclxhlc elx heoac~ax% em MG[ y emxnaiíx íramx na em hli{mýém{mrm rameozmr hllrnocmholcax#

âeïglcl Haeqemr Eemimnmx m yna heoac~ax y

Hqmcnl ax~milx `mhoacnlwoxo~mx l ~rmxemnícnlclx na

=4



na em lgohocm qc eqdmr m l~rl nabailxax~mr hliqcohmnlx hlccqax~rlx heoac~ax y em lgohocm{rocho{me#

Ilboeomrol Elhfar Dqmrnmr

mrhòwlx

El q~oeozmilx {mrm dqmrnmr

cqax~rlx ú~oeax% goeax naheoac~ax% mrdqiac~mhoøc yim~arome na ~rmbmjl#

Oi{raxlrm Iqe~ogqcholcme

Oi{raxolcax%hl~ozmholcax%axhmcamnlnanlhqiac~lxy gl~lhl{omxnamrdqiac~lx

El q~oeozmilx {mrm oi{roior yaxhmcamr nlhqiac~lx {mrmelx heoac~ax y xmhmrgl~lhl{omx na elxmrdqiac~lx }qa wmilx m{raxac~mrea m elx heoac~ax)

b/ [rlnqh~lx gmbrohmnlx (l {rlnqh~lx na gmbrohmhoøc oc~aeah~qme hlilocglriax% iailx% lgoholx% imoex% a~h#/

[rlnqh~l Naxhro{hoøc nae{rlnqh~l

Ap{eohmhoøc

Hl~ozmhoøc Ap~rmLgohome

[rlyahhoøc na[acxoøc

Xa ~rmbmjm qcm hl~ozmhoøchlc em ocglrimhoøcax{ahégohm na hmnm heoac~a{mrm }qa ~acdm qcm onam nahqmc~l xarí xq {acxoøc na

jqboemhoøc#Hmr~mx Hmr~mx na

[raxac~mhoøcXa {ra{mrmc hmr~mx ac qcglrim~l ax~mbeahonl nlcnaxa ocnohmc elx {qc~lx imxoi{lr~mc~ax xlbra emai{raxm y em {arxlcm nahlc~mh~l#

Glrim~lx Ilnmeonmnax na[acxoøc y [rlhaxlna Jqboemhoøc

Xa {arxlcmeozmc elxglrim~lx }qa xa ea eeawmrícm hmnm heoac~a#

h/ Im~aromeax {rlhaxmnlx (l íramx nlcna xa {rlhaxmc elx {rlnqh~lxgmbrohmnlx/

[rlnqh~l gmbrohmnl Xqb íram ÍramHl~ozmhoøc Lgohome Wac~mx Qconmn na CadlholMrdqiac~lx Hm{mho~mhoøc Xl{lr~a Rac~mx

Wo~meohomxGlrim~lx Hm{mho~mhoøc Xl{lr~a Rac~mx

Wo~meohomx=0



n/ Hlclhoioac~lx {rlgaxolcmeax (~é~qelx l drmnlx }qa xa apoda ac ae{qax~l/

Drmnl Naxhro{hoøc Ap{eohmhoøcBmhòeear Hmrrarm na

Mniocox~rmhoøc lAhlcliém

Ax cahaxmrol hlc~mrhlc qcm hmrrarmqcowarxo~mromhlcheqonm ym }qa ~anm qcm iajlr woxoøcna em ~mramx m hqi{eor

a/ Hlclhoioac~lx ~ïhcohlx }qa xa imcajm l xa m{eohm {mrm ae imcajl naa}qo{lx% ocx~rqiac~lx (ajai{el: ~ahcleldém% iahícohm% eacdqmja~ïhcohl% onolimx% a~h#/

Hlclhoioac~l ^ïhcohl

Naxhro{hoøc Ap{eohmhoøc

Ac~lrcl Tocnltx Tlrn% Aphae%[ltar{loc~

Cahaxmrol {mrm rameozmr elx~rmbmjlx m {raxac~mr meheoac~a#

Lq~ellf Hlrral Aeah~røcohl Cahaxmrol {mrm acwomr yrahobor ocglrimhoøc naheoac~ax oc~arclx yap~arclx

g/ _ elx xarwoholx {rl{lrholcmnlx me hlemblrmnlr (hlil mxaxlrémx%hlcxqe~lrémx l ra{mrmholcax/# Xo cl apox~a m ~rmwïx na xq mcíeoxoxna~arioca el }qa xa cahaxo~m% ax~l xarworí {mrm ocx~memr qc {rlhaxl naocnqhhoøc ax{ahogohm l hramr qc xarwohol ~ïhcohl na rax{menl {mrm aehlemblrmnlr#

ô{l Naxhro{hoøc Ap{eohmhoøcMxaxlrém Hm{mho~mhoøc Rax{ah~l m em

xo~qmhoøc cmholcme aoc~arcmholcme

Hlcxqe~lrém Qconmn na Cadlhol Rax{ah~l m emxHl~ozmholcax Lgohomeax{mrm elx heoac~ax

Xarwohol ïhcohl Iaxm na Myqnm Rax{ah~l me qxl na elxa}qo{lx na ~ahcleldéml {rlbeaimx }qa xa{raxac~mc

7# XLBRA ELX AX^MCNMRAX NA NAXAI[AÝLOcheqym ocglrimhoøc ac glrim ax{ahégohm y {lr xa{mrmnl xlbra:

=?



m/ Naxhrobm xlbra em hmeonmn nae ~rmbmjl {mrm hmnm qcm na emxmh~owonmnax nae {qax~l#Ac }qa {mr~ax na hmnm qcl na emx ~mramx apox~a arrlrax hliqcax#Iachoøcaemx

HMEONMNMh~owonmn: Aphaeac~

aBqacl Xlbra ae

~ïrioclianol

Nabmjlnae~ïrioclianol

[lbra

=#[raxac~mhoøcna Hl~ozmhoøcLgohome

âcar aehlclhoioac~l na }qa aeheoac~a wm mxleoho~mr emxilnmeonmnaxna {acxoøc%mhli{mýmrelm em mg{ {mrm

em ho~m%raqcorxa hlcae {mrmrawoxmr ae~aim y nacqawl {mrm{raxac~mreaem hl~ozmhoøclgohome ygocmeiac~amhli{mýmrelm em MG[ {mrmem gorim#

âcar aehlclhoioac~l na }qa aeheoac~a wm mxleoho~mr emxilnmeonmnaxna {acxoøc%mhli{mýmrel m em mg{

{mrm em ho~m%raqcorxa hlcae {mrm{raxac~mreaem hl~ozmhoøclgohome ygocmeiac~amhli{mýmrel m em MG[{mrm emgorim#

âcar aehlclhoioac~lna }qa aeheoac~a wm mxleoho~mr emxilnmeonmnaxna {acxoøc%mhli{mýmrelm em mg{ {mrm

em ho~m%raqcorxa hlcae {mrm{raxac~mreaem hl~ozmhoøclgohome#

âcar aehlclhoioac~l na }qa aeheoac~a wm mxleoho~mr emxilnmeonmnaxna {acxoøc%mhli{mýmrelm em mg{ {mrm

em ho~m#

âcar aehlclhoioac~l na }qa aeheoac~a wm mxleoho~mrilnmeonmnaxna {acxoøc

@mbemr hlc aeheoac~a {mrm xmbar}qa ax~m {lr

xleoho~mrilnmeonmnax na{acxoøc

Mhli{mýmr meheoac~a m em MG[ mxleoho~mrilnmeonmnax

Raqcoøc {mrmrawoxoøc na ~aimgocme

Raqcoøc {mrm{raxac~mhoøc naHl~ozmhoøc Lgohome

Mhli{mýmrel m emgorim gocme

ôai{l(`lrmx% ioc%xadqcnlx/

1` 7 ` 4 ` 0 ` =; `

Hmc~onmnL nara{a~oholcax

> 8 2 = ;

2;



Mh~owonmn: Aphaeac~a

Bqacl Xlbra ae~ïrioclianol


[lbra

2# OcdraxmrWoxo~mx me

Xox~aim Jqboemra

Ocdraxmrnomromiac~aemx woxo~mx acae Jqboemrahqi{eoacnlhlc elxhmi{lx na~aeïglcl%norahhoøc%ax~m~qx%bacagohomrolxy hlcyqdqa#

Ocdraxmrnomromiac~a

emx woxo~mxac ae Jqboemrahqi{eoacnlhlc elxhmi{lx na~aeïglcl%norahhoøc%ax~m~qx ybacagohomrolx

Ocdraxmrnomromiac~a

emx woxo~mxac ae Jqboemrahqi{eoacnlhlc elxhmi{lx na~aeïglcl%norahhoøc yax~m~qx#

Ocdraxmrnomromiac~a

emx woxo~mxac ae Jqboemrahqi{eoacnlhlc elxhmi{lx na~aeïglcl ynorahhoøc#

Ocdraxmrnomromiac~a

emx woxo~mxac ae Jqboemrahqi{eoacnlhlc elxhmi{lx na~aeïglcl#

Ocdraxmrnomromiac~a emxwoxo~mx ac ae

jqboemra

Hqi{eor hlc aehmi{l na ~aeïglcl

Hqi{eor hlc aehmi{l nanorahhoøc

Hqi{eor hlc aehmi{l na ax~m~qx

Hqi{eor hlc aehmi{l nabacagohomrolx yhlcyqdqa


=` 2 ` 8 ` > ` 1 `


> 8 2 = ;




[lbra

8#

[ra{mrmhoøcna Im~arome{mrm{raxac~mhoøcme heoac~a

[ra{mrmr emhl~ozmhoøcap~rmlgohome%em hmr~m na{raxac~mhoøcna emai{raxm%drq{lgocmchoarl me}qa{ar~acailxy xq òx~lrom%ocheqorel ac

[ra{mrmr em

hl~ozmhoøcap~rmlgohome%em hmr~m na{raxac~mhoøc na emai{raxm%drq{lgocmchoarl me}qa{ar~acailx

[ra{mrmr em

hl~ozmhoøcap~rmlgohome%em hmr~m na{raxac~mhoøc na emai{raxm%drq{lgocmchoarl me}qa{ar~acailx

[ra{mrmr em

hl~ozmhoøcap~rmlgohome%em hmr~m na{raxac~mhoøc na emai{raxm#

[ra{mrmr em

hl~ozmhoøcap~rmlgohome#

2=



qc goeaiaibra~mnlhlc xqclibra ymdradmr aeiarh`mcnoxocd na Roimh#

y xqòx~lrom%ocheqorel acqc goeaiaibra~mnl hlc xqclibra#

y xqòx~lrom#

[ra{mrmr emhl~ozmhoøcap~rmlgohome

[ra{mrmr em hmr~mna {raxac~mhoøc naem ai{raxm

[ra{mrmr emocglrimhoøc xlbraae drq{l gocmchoarlme }qa {ar~acaha

[ra{mrmr ae goeaiaibra~mnl

Xleoho~mr aeiarh`mcnoxocd naRéimh {mrmocheqorel


=` 2 ` 8 ` > ` 1 `


> 8 2 = ;

4# XLBRA AE HLCÂP^L NAE [QAX^L NA ^RMBMJLOcheqym ocglrimhoøc ac glrim ax{ahégohm y {lr xa{mrmnl:

m/ Em géxohm nae ~rmbmjl: naxhrobm ac bmxa m qc `lrmrol emx mh~owonmnax}qa xa rameozmc ac ae ném m ném ajai{el

@lrmrol ôai{l

Mh~owonmn Ra{a~o~owl

Mh~owonmn Nox~mchomrahlrronm(ia~rlx/

Hmrdm({axl/

Xo Cl Ax~í~ohl

Nocíiohl

?mi m=;mi

=`lrm

Raqcoøc hlcem

Xq{arwoxlrm

p P ;ia~rlx

; Fd#

=;mi m=2{i

2`lrmx

Eemimnmx%hllrnocmholcax oc~arcmx%{ra{mrmhoøcnanlhqiac~mhoøc

P P

=2{i m = Oi{raxolcax P P =;;i

22



={i `lrm y{ra{mrmhoøcna goeax

2{i m2:8;{i

8;ioc

^rmxemnl P p 1;;i

2:8;{i

m8:8;{i

=

`lrm

Ho~m hlc ae

heoac~a

P P 2;i

8:8;{im >{i

8;ioc

^rmxemnl P p 8;;i

>{i m1{i

=`lrm

Ho~m hlc aeheoac~a

P P 2;i

1{i m1:8;

8;ioc

^rmxemnl m emlgohocm

P p 1;;i

1:8; m7:;;

8;ioc

Ocdraxl naMh~owonmnaxnomromx

P P

b/ @lrmrol nae ~rmbmjl: Eqcax m Woarcax na ?mi m 7{i

h/ @lrmrol rame na ~rmbmjl: eqcax m woarcax na ?mi m 7{i y mnox{lxohoøc nae heoac~a#

n/ Hlc~ap~l xlhome ac ae }qa xa naxai{aým ae ~rmbmjl hlc elx heoac~ax#

Heoac~a = @libra imylr na 11 mýlx% }qacl ~acdm m{lr~ax {lr }qoc~mhm~adlrém m em MG[ ac elx úe~oilx=2 iaxax% hlc qc glcnl imylr mX,# =;;%;;; y }qa naxam ocohomr ae

{rlhaxl na jqboemhoøc#Naxai{eamnl hlc hmrdm gmioeomr%{lr el }qa cahaxo~m rahobor em{acxoøc {mrm hqbror xqx dmx~lxiacxqmeax#Dacarmeiac~a {rlgaxolcme }qaeeadø m qc me~l hmrdl y {lr emhlyqc~qrm% xa }qanø xoc ~rmbmjl y{lr em anmn ea ax nogéhoerahlelhmrxa#

Heoac~a 2 Iqjar imylr na 1; mýlx% }qa cl~acdm m{lr~ax {lr }qoc~m

hm~adlrém m em MG[ ac elx úe~oilx=2 iaxax% hlc qc glcnl imylr mX,# =;;%;;; y }qa naxam ocohomr ae{rlhaxl na jqboemhoøc#Naxai{eamnm % dacarmeiac~a{rlgaxolcme y cahaxo~m em {acxoøc{mrm xadqor hlc~mcnl hlc qcocdraxl iacxqme }qa m{lya ac

28



elx dmx~lx gmioeomrax#Heoac~a 8 @libra imylr na 11 mýlx% }qa

cl ~acdm m{lr~ax {lr }qoc~mhm~adlrém m em MG[ ac elx úe~oilx=2 iaxax% hlc qc glcnl imylr mX,# =;;%;;; y }qa naxam ocohomr ae

{rlhaxl na jqboemhoøc#Ai{raxmrol hlc l xoc hmrdmgmioeomr% }qa cl ~oaca cahaxonmnna em {acxoøc {arl hlcxonarm }qaax iajlr ae wmelr nae nocarl `ly l{lr }qa ea dqx~mrém `mhar qcmocwarxoøc#Dacarmeiac~a {rlgaxolcme% hlcwoxoøc na gq~qrl y hlc iqh`macardém {mrm xadqor {rlnqhoacnly rac~mboeozmcnl xq nocarl#

Heoac~a > Iqjar imylr na 1; mýlx% }qa cl~acdm m{lr~ax {lr }qoc~mhm~adlrém m em MG[ ac elx úe~oilx=2 iaxax% hlc qc glcnl imylr mX,# =;;%;;; y }qa naxam ocohomr ae{rlhaxl na jqboemhoøc#Naxai{eamnm% ym }qa xlemiac~a~rmbmjø hlc qc ~oai{l# Mim nahmxm hlc l{lr~qconmn na ra~orm xqnocarl y noxgrq~mrel `ly#

a/ Hlc~ap~l lrdmcozmholcme hlc em }qa ae hlemblrmnlr naba oc~armh~qmrclrimeiac~a#

Xq{arolrax (jagax/ [rlgaxolcme% me~miac~ahli{rlia~onl% hm{mz na il~owmrm xq drq{l% mhlx~qibrmnl m~rmbmjmr ac a}qo{l y gojmr emxia~mx drq{meax hlil {arxlcmeax

[mrax (hli{mýarlx/ [rlgaxolcmeax l ~ïhcohlx% hlc me~ldrmnl na xq{armhoøc% {rlmh~owl%hm{mz na mq~lil~owmrxa#Dacarmeiac~a iqjarax hlchmrdm ahlcøiohm gmioeomr#

Hlemblrmnlrax (Xqblrnocmnlx/ CL M[EOHM[rlwaanlrax CL M[EOHM

g/ Ocglrimhoøc xlbra elx ochac~owlx gocmchoarlx nae {qax~l na ~rmbmjl:Xqaenl ~l~meiac~a wmrombea ac bmxa m elx raxqe~mnlx lb~aconlx%blclx {lr MG[% wmeax ac xq{ariarhmnlx y womjax#

d/ Ocglrimhoøc xlbra ochac~owlx mgah~owlx l cl gocmchoarlx nae {qax~lna ~rmbmjl:

2>



Rahlclhoioac~l ac harailcomx xaiax~rmeax na mhqarnl me{lrhac~mja na hqi{eoioac~l# Hlcxonarmholcax rax{ah~l m emrax{lcxmboeonmn gmioeomr#

0# XLBRA ELX RA]QOXO^LX NAE [ARXLCMEOcheqym ocglrimhoøc ac glrim ax{ahégohm y {lr xa{mrmnl xlbra elx ra}qoxo~lx

`qimclx ~meax hlil:m/ Anqhmhoøc cahaxmrom {mrm ae {qax~l (naxna }qa ~o{l na ocx~rqhhoøc l

ae iécoil na ocx~rqhhoøc }qa naba ra}qaror {mrm xar hlc~rm~mnl/ ^ïhcohm l Xq{arolr% ax{ahomeozmhoøc ac wac~mx na oc~mcdobeax

b/ ô{l na hm{mho~mhoøc cahaxmrom {mrm ae {qax~l (xlbra emxhm{mho~mholcax l ~q~lrémx }qa qx~an `qboaxa rahobonl ac xq ai{raxm{mrm ae {qax~l/#Hm{mho~mhoøc ocohome na 8 xaimcmx y hm{mho~mholcax xaimcmeax namh~qmeonmn y hli{a~achom#

h/ Ap{aroachom emblrme cahaxmrom {mrm ae {qax~l (}qa l~rlx ~rmbmjlx

nabmjl nae {qax~l l iormcnl `mhom mbmjl ac eécam na hmrrarm naboø`mbar naxmrrleemnl/8 mýlx ac wac~m na oc~mcdobeax#

n/ L~rlx ra}qoxo~lx wochqemnlx me {qax~l na ~rmbmjl# (l~rlx ~rmbmjlx}qa {lr em xoioeo~qn na mh~owonmnax ac~ra ~rmbmjlx {lnrémc `mhar mqcl mhlrna me {qax~l na ~rmbmjl/Ap{aroachom ac ~rmbmjl ac MG[

a/ M~robq~lx {arxlcmeax ~meax hlil:m# mh~o~qnax {mrm naxmrrleemr ae ~rmbmjl (glrimx na xar na em

{arxlcm {mrm mxqior emx mh~owonmnax nae {qax~l/# Ajai{el:

Mh~o~qn (xar/ Mh~owonmn Ap{eohmhoøcAxhqh`mgacliacleødohm

Cadlhomhoøc hlcelx heoac~ax

Naba xmbaraxhqh`mr el }qaae heoac~a }qoaray ~rm~mr nahli{racnar{membrm {lr{membrm#

[lxo~owm Raqcoøc hlc elxheoac~ax

Naba xmbarrax{lcnar hlcmh~o~qn {lxo~owmgrac~a m ~lnlx elxhqax~olcmioac~lxnae heoac~a xoacnlhm{mz narawar~orelx#

^learmc~a m emGrqx~rmhoøc

Gorim naehlc~rm~l gocme

Naba xmbarxlbra{lcarxarí{onmiac~a

21



hqmcnl {oarna qcheoac~a ym }qa~oaca imxheoac~ax achmiocl

b# mh~o~qnax {mrm naxmrrleemr ae ~rmbmjl (xo~qmholcax }qa naxmbar `mhar {mrm mxqior emx mh~owonmnax nae {qax~l/# Ajai{el:

Mh~o~qn (xmbar`mhar/

Mh~owonmn Ap{eohmhoøc

[emcogohmhoøc na emhlcwarxmhoøc

Cadlhomhoøc hlcelx heoac~ax

Naba xmbarna~ariocmr y{emcogohmr }qaxo~qmholcax nabaraxlewar iíx rí{onlnabonl m em gmhoeonmnnae ~aim y }qa l~rmxnaba najmr {mrmnax{qïx nabonl m elhli{eohmnl nae ~aim#

Rax{lcnarrí{onmiac~a% cl}qanmrxa hmeemnm

Hlcwarxmhoøchlc elx heoac~ax

Xo ac em hlcwarxmhoøcxmea qc ~aim }qa clhlclhailx nabailx{lnar {mxmr em{radqc~m y narowmrelm l~rl {qc~l

[rl{ohomr aexodqoac~aachqac~rl

Woxo~m me heoac~a Naba xmbar dacarmrqcm cqawml{lr~qconmn nawoxo~mrel {mrm `mharxadqoioac~l m emdacarmhoøc nahlcgomczm

h# Hmrmh~aréx~ohmx géxohmx {mrm naxmrrleemr ae ~rmbmjl (ianonmxmc~rl{liï~rohmx:

Hmrmh~aréx~ohmxmc~rl{liï~rohmx

Naxhro{hoøc Mh~owonmn Ap{eohmhoøc

Hlelr na [oae Ocnox~oc~lAnmn Imylr na

8; mýlx[lr elx ~aimx }qaxa imcajmc naahlcliém% xa nmqcm iajlr

27



oi{raxoøc {lr emap{aroachom }qa{qanm ~acar

Xapl Iqjarax Woxo~mx melxheoac~ax

Dacarmeiac~a~oacac imx eeadmnml eax ax imx gíhoe

dacarmr hlcgomczmMe~qrm Clrime[axl Mhlrna

hlc em~meem

Xarí imx gíhoe xqnax{emzmioac~l ymnaiíx naba ~acarqcm oimdac nahqonmnl

Gqarzm Hlc bmx~mc~aacardém {lr }qa `my}qa ax~mr ac em hmeeailwoïcnlxahlcx~mc~aiac~a#

n# ô{l na {arxlcmeonmn (naxhrobm l brocna qc raxqiac xadúc elmcmeozmnl y na~ariocmnl ac em ~ïhcohm na em rajoeem m{eohmnm me[A y m emx mh~owonmnax nae {qax~l /Hram~owm% {lr }qa cahaxo~m hramr mrdqiac~lx {mrm rabm~or m emhli{a~achom#Hlcwochac~a {lr }qa me gocme xa acgrac~m hlc~rm l~rmxhli{mýémx y naba xar hm{mz na hlcwachar me heoac~a m }qagoria {lr cqax~rm hli{mýém#

^learmc~a m em grqx~rmhoøc% {lr }qa cl xa dmcmc ~lnlx elxhmxlx m {axmr na ~lnl ae ~rmbmjl rameozmnl#[arxox~ac~a% {lr }qa naba {arxadqor xq lbja~owl `mx~m em gorimgocme#Xlhombea% {lr }qa elx hlc~mh~lx xoai{ra myqnmc hlc ae hoarra#

a# ô{lx na oc~araxax wochqemnlx hlc emx mh~owonmnax nae ~rmbmjl(}qa mh~owonmnax nabarém dqx~mrea `mhar nabonl me {qax~l na~rmbmjl y {lr}qa/Nabarém dqx~mrea em mh~qmeonmn cmholcme y nae iqcnl ym }qa~oaca ocgeqachom norah~m xlbra elx glcnlx na {acxolcax#Mnaiíx nabarém dqx~mrea eaar#

g# L~rlx m~robq~lx cl mcmeozmnlx }qa el `mhac iíx mhlrna hlc em

mh~owonmn }qa naxai{aýmrm# (`lbboax% mh~owonmnaxap~rmhqrrohqemrax% {mxm~oai{lx% l mh~owonmnax }qa noxgrq~m`mhar ac xq ~oai{l eobra }qa el `mhac iíx mhlrna me drq{lna {arxlcmx }qa xa achqac~rmc ac xq drq{l l a}qo{l na~rmbmjl#Grahqac~mr heqbax y raqcolcax nlcna {qana ax~mbeaharhlc~mh~lx {mrm ragaronlx ym }qa ax oi{lr~mc~a me iliac~lna em nahoxoøc#

24



20



8#) NAXHRO[HOLC NA [QAX^L NA ^RMBMJL

Gah`m: ;>#;7#2;=2

[ARGOE NAE [QAX^L NA MXAXLRM NA RAC^MX WO^MEOHOMX

Ai{raxm:

ROIMH XADQRLX X#M#

Búx}qanm:

Mxaxlr na Rac~mx Wo~meohomx

Hlc~mh~l:

Darac~a na Rac~mx Wo~meohomx

Ioxoøc nae {qax~l:

Rameozmr emx woxo~mx na [rawac~m m elx heoac~ax na em hmr~arm ^L[ na mhqarnl me [emc naGonaeozmhoøc% {mrm mxaxlrmrelx rax{ah~l me {rlhaxl na jqboemhoøc% emx ilnmeonmnax na {acxoøc y aegqcholcmioac~l nae {rlnqh~l {mrm eldrmr }qa hlc~rm~a cqax~rl xarwohol hlc em hlcwohhoøc na }qaRéimh Xadqrlx ax em hli{mýém hlc ae imylr rax{menl {mrm mxadqrmrxa qcm {acxoøc wo~meohom#

@lrmrol nae [qax~l

Lgohocm: na Eqcax m Woarcax na ?mi m 7{i

Woxo~mx m Heoac~ax: Hqme}qoar lrmrol m nox{lxohoøc nae heoac~a#

NAXHRO[HOØC NAE [QAX^L

Íram:

Nowoxoøc Hliarhome [arxlcmx

Ra{lr~m m:

Xq{arwoxlr na Rac~mx Wo~meohomx

M hmrdl na:

))))))))

Gqcholcax {rocho{meax:

) Rameozmr woxo~mx m elx heoac~ax {rlx{ah~l na mhqarnl me [emc na Gonaeozmhoøc) Na{qrmhoøc na Hmr~arm na Heoac~ax#) Mcmeozmr em mrdqiac~mhoøc {mrm nae iarhmnl hli{a~onlr {mrm aemblrmr ~q x{aah` na

wac~mx y rabm~or emx nqnmx#

2?



) Aemblrmr hl~ozmholcax ap~rmlgohomeax na {acxoøc#) Mxox~or m elx heoac~ax {rlx{ah~l nqrmc~a hmnm xahhoøc na xq ~ríio~a ac em MG[ `mx~m em

gorim gocme#) Hlemblrmr hlc ae íram na hm{mho~mhoøc eawmc~mcnl ocglrimhoøc na em hli{a~achom y

nae iarhmnl hlc elx heoac~ax woxo~mnlx#) Ocdraxmr me xox~aim hmnm woxo~m rameozmnm me heoac~a {rlx{ah~l#) Dacarmr em xleoho~qn na bacagoholx mnoholcmeax {mrm ae heoac~a#

) Ac~radmr me Heoac~a em [øeozm na xq Rac~m Wo~meohom#) Hllrnocmr hlc ae íram na Xl{lr~a em ac~radm na iarh`mcnoxocd {mrm elx heoac~ax#

Eécam na Hmrrarm:

1 mýlx

8 mýlx

[emc na Hmrrarm:

Eécam na Hmrrarm m 8 mýlx: Xq{arwoxlr na Rac~mx Wo~meohomx

Eécam na Hmrrarm m 1 mýlx: Darac~a na Mdachom

Ra}qoxo~lx:

Ap{aroachom emblrme iécoil 8 mýlx ac wac~m na oc~mcdobeax#

Naxambea ap{aroachom na ~rmbmjl ac MG[

Glrimhoøc Mhmnïiohm:

Hmrrarm ^ïhcohm ac Mniocox~rmhoøc l mgocax hlcheqonm

Hlclhoioac~lx ~ïhcohlx:

No{elimnl l Hqrxlx ac ^ïhcohmx na Wac~m

Ac~lrcl Tocnltx (Tlrn% Aphae% [ltar{loc~/

Lq~ellf

Onolimx: Naxambea ocdeïx

8;

Mxaxlr na Rac~mx

Wo~meohomx

Xq{arwoxlr na

Rac~mx Wo~meohomx

Darac~a na

Mdachom



Anmn: ac~ra 8; m 1; mýlx

Xapl: I ( / G( / Ocnox~oc~l (p /

L~rlx:

Ilwoeonmn [rl{om: naxambea

Nox{lcoboeonmn {mrm womjmr: cl

Nox{lcoboeonmn {mrm ~rmbmjmr ac ae ap~arolr (l {rlwochomx/: cl

HLI[AÂCHOMX [ARXLCMEAX

= 2 8 > 1

[emcogohmhoøc y

lrdmcozmhoøc

P

Mcíeoxox cqiïrohl P

Hm{mhonmn na Eonarmzdl P

Hram~owonmn P

^rmbmjl ac A}qo{l P

Xacxoboeonmn P

@mboeonmn na Hlc~rle PNaxmrrleel naXqblrnocmnlx

P

Hliqcohmhoøc axhro~m P

RAX[LCXMBOEONMN NAE HMRDL

Ocglrimr Hlemblrmr

Hlc~rlemr

Hlcwachar

Jaga P p

[mrax p

Xqbme~arclx

Heoac~ax P p p P

8=



[rlwaanlrax

HMRMHÂROXÔHMX NAE AC^LRCL XLHOME

Lroac~mnm me Heoac~a% me ~rmbmjl ac a}qo{l y m xq{armr emx ia~mx mxodcmnmx#Xachoeem% eénar% hli{rlia~onm y xacxobea#

MX[AH^LX AHLCLIOHLX NAE [QAX^L

Raiqcarmhoøc brq~m iacxqme: =;;! Wmrombea na mhqarnl m emWac~m na xq Hmr~arm (2! nae ilc~l~rmcxgaronl nae glcnl m em Hli{mýémna Xadqrlx

Blclx: iacxqmeax {lr MG[% xaocglrimc iacxqmeiac~a

L~rlx bacagoholx: Ilwoeonmn% Xadqrl Iïnohl A[X

M{rlbmnl {lr : \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

Hmrdl : \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

Gorim : \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

Gah`m : \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

82



>#) EM XLEOHO^QN NA AI[EAL

Lgohocm na [arxlcme

@LJM NA XLEOHO^QN NA AI[EAL

OCGLRIMHOØC NAE HLEMBLRMNLR

NM^LX [ARXLCMEAX:

M{aeeonl [m~arcl: M{aeeonl Im~arcl: Clibrax:

E#A (NCO/: E#I# Xapl: Drq{l Xmcdqécal:

Norahhoøc Mh~qme: Nox~ro~l: Hønodl [lx~me:

Ax~mnl Howoe: @ojlx: Cl# Na{acnoac~ax:

Cúiarl aeagøcohl: AXXMEQN)Hønodl: MG[)Hønodl:

Cmholcmeonmn: Hmrca~ na ap~rmcjarém: Brawa~a:

AX^QNOLX:

Anqhmhoøc: Clibra y Eqdmr: Drmnl,íram na

ax~qnol

Crl# Na Mýlx

hqrxmnlx:

[roimrom Clibra: Crl# Na mýlx:

Naxna:Eqdmr:

Xahqcnmrom

Clibra: Crl# Na mýlx:

Naxna:Eqdmr:

Qcowarxonmn

Clibra: Crl# Na mýlx:

Naxna:Eqdmr:

Hleadom~qrm:

[lx~)drmnl Clibra: Crl# Na mýlx:

Naxna:Eqdmr:

88



MHÔWONMNAX _ ELDRLX MHMNAIOHLX [RLGAXOLCMEAX:

Eldrlx mhmnïiohlx {rlgaxolcmeax% {raiolx% {qbeohmholcax%ocwax~odmholcax% xlhoanmnax ~ïhcohmx {rlgaxolcmeax

Gah`m na [raiomhoøc

8>



@OX^LROM NA AI[EAL

Eox~a ae ai{eal ai{azmcnl hlc xq {lxohoøc iíx rahoac~a:

Gah`m Clibra na emAc~onmn

[qax~l Lhq{mnl Gqcholcax

Naxna:

Iax: Mýl:

M:

Íram

Iax: Mýl:

[arxlcm na Ragarachom: Hmrdl: âeïglcl:



Naxna:

Iax: Mýl:

M:

Íram

Iax: Mýl:




81



Naxna:

Iax: Mýl:M:

Íram

Iax: Mýl:


Lgohocm na [arxlcme

Onolimx

Onolim @mbemnl Axhro~l Ac~onmn

Nm~lx Gmioeomrax:

Clibra nae Hlcyqdqa: Gah`m na cmhoioac~l: Drmnl na ocx~rqhhoøc:

Lhq{mhoøc Ac~onmn: AXXMEQN Crl#

Hli{lxohoøc gmioeomr:

87



(Ocheqor {mnrax/ Imrhmr (W/ xo wowa

M{aeeonlx y Clibrax: Xapl[mrac~axh

l

Drmnl naocx~rqhhoø

cLhq{mhoøc

Gah`m nacmhoioac~

l

Xlhome

[ar~acaha m medúc Heqb Eqdmr

@lbboax }qa {ríh~ohm:

[arxlcm m }qoac mwoxmr ac hmxl na aiardachom

Clibra Hli{ea~l: Nliohoeol: âeïglcl: [mrac~axhl

Eqdmr na ai{eal: Norahhoøc âeïglcl:

84



[lr ax~a ianol mgoril }qa em ocglrimhoøc nmnm {lr ié ac ax~a glriqemrol axwarnmnarm y {rahoxm#

\\\\\\\\\\\\\\\\\\\\\\\\\\\\ \\\\\\\\\\\\\\\\\\\\\\\\\\\\\

Gorim Gah`m

80



NAHEMRMHOØC JQRMNM

NORAHHOØC NA [ARXLCME

Nahemrl mc~a ROIMH XADQRLX#% }qa elx nm~lx }qa xa hlcxodcmc mhlc~ocqmhoøc xlc warénohlx {mrm }qa xa ~acdmc ac hlcxonarmhoøc ac emaemblrmhoøc na {emcoeemx y l~rlx gocax emblrmeax#

Clibrax \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

M{aeeonlx \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

Gah`m na cmhoioac~l \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

NCO \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

Nliohoeol Mh~qme \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

Hønodl M[G \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

Hønodl AXXMEQN \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\

_l% ac hmxl na apox~or gmexanmn ac em ocglrimhoøc {raxac~mnm% xa raxarwm aenarah`l na ~limr emx ianonmx iíx hlcwacoac~ax m xqx oc~araxax#

Gah`m: \\\,\\\\,\\\ \\\\\\\\\\\\\\\\\\\\\\\\\

Gorim

8?



1#) AE MCQCHOL NA RAHEQ^MIOAC^L [MRM EMOCWAXÔDMHOLC

MXAXLR NA RAC^MX WO^MEOHOMX

Cqax~rm ai{raxm ax qcm lrdmcozmhoøc eénar ac ae Iarhmnl na Xadqrlx% hlcl{armholcax m cowae cmholcme# Cqax~rl Mxaxlr nabarí xar qcm {arxlcm hmeogohmnm%hlc me~l drmnl na xq{armhoøc% lroac~mnl me heoac~a y mhlx~qibrmnl m ~rmbmjmr {lrlbja~owlx {arxlcmeax y hliqcax m xq a}qo{l na ~rmbmjl#

RA]QOXO^LX

Hmrrarm ^ïhcohm l Qcowarxo~mrom hlcheqonm ac Mniocox~rmhoøc% Ahlcliém lmgocax#

Iécoil 8 mýlx na ap{aroachom ac wac~m na oc~mcdobeax# Naxambea ap{aroachom na ~rmbmjl ac ae Xox~aim [rowmnl na [acxolcax# Me~m hm{mhonmn {mrm imcajmr lbjaholcax na elx heoac~ax# ^learmc~a m em grqx~rmhoøc# Nocíiohl% hram~owl y {arxox~ac~a#

RAX[LCXMBOEONMN

Eldrl na ia~mx iacxqmeax# Dacarmr qc miboac~a na ~rmbmjl ac a}qo{l ac~ra xqx hli{mýarlx# Hqi{eor hlc ae [emc na Woxo~mx mxodcmnl#

LGRAHAILX

L{lr~qconmn na ocdraxmr m em ai{raxm cl# = ac xadqrlx nae {méx# Ociajlrmbea l{lr~qconmn na ocdraxlx na mhqarnl m naxai{aýl# Eécam na hmrrarm {rlgaxolcme na mhqarnl m eldrlx#

Gmwlr elx oc~araxmnlx raio~or xq HW hlc gl~l rahoac~a y {ra~acxolcax xmemromeax max~a Nomrol hlcxodcmcnl emx xodemx: MRW% `mx~m ae 8; nae {raxac~a iax# Xadqmrnmrí mbxleq~m raxarwm

>;



>=



7#) AE MCQCHOL NA RAHEQ^MIOAC^L AGAHÔWL

Xlilx em Ai{raxm eénar nae iarhmnl mxadqrmnlr {arqmcl hlc qc >;! na{mr~oho{mhoøc na {mr~oho{mhoøc na iarhmnl# [ar~acahailx me Drq{lBraxhom% ae drq{l ahlcøiohl iíx xøeonl nae {méx hlc qcm ~rmyah~lromimylr m elx =;; mýlx#

Clx achlc~rmilx ac em búx}qanm na elx iajlrax Mxaxlrax na Rac~mxWo~meohomx% nocíiohlx% hram~owlx y hlc dmcmx na naxmrrleemrxa{rlgaxolcmeiac~a hlc qcm eécam na hmrrarm noxaýmnm na mhqarnl me eldrlna xqx lbja~owlx#

Em {lxohoøc xa achmrdmrí na brocnmr ocglrimhoøc y mxaxlrmioac~l memxadqrmnl mharhm na xq jqboemhoøc% mxé hlil na ajahq~mr ae {rlhaxl nawac~mx ax~mbeahonl m ~rmwïx nae Xox~aim na Dax~oøc Hliarhome {mrm emx[rax~mholcax na Jqboemhoøc% Ocwmeonaz y Xlbrawowachom#

MXAXLR NA RAC^MX WO^MEOHOMX

[argoe

Ax~qnolx ~ïhcohlx y,l qcowarxo~mrolx ac Mniocox~rmhoøc% Ahlcliém l mgocaxOcnox{acxmbea ap{aroachom iécoim na qc mýl ac Rac~mx Wo~meohomx y 8 ac

wac~m na oc~mcdobeax# [arxlcmx lroac~mnmx me xarwohol me heoac~a y me eldrl na raxqe~mnlx hlc me~mhm{mhonmn na cadlhomhoøc#

[rlmh~owmx% nocíiohmx y hlc ~learmchom m em grqx~rmhoøc# Ax{ahomeozmhoøc l hqrxlx ac ~ïhcohmx na wac~mx# Hlclhoioac~lx cowae oc~arianol na lggoha% ax{ahomeiac~a aphae#

Bacagoholx

Raiqcarmhoøc m~rmh~owm na mhqarnl m eldrlx% iqy xq{arolr me iarhmnl [lxoboeonmnax na naxmrrleel {rlgaxolcme ac em ai{raxm eénar nae Iarhmnl

Cmholcme

Hm{mho~mhoøc hlcx~mc~a Drm~l miboac~a na ~rmbmjl

Elx oc~araxmnlx {lr gmwlr {raxac~mrxa nae =; me =1 na Jqcol na 2;=2 hlc xq HWmh~qmeozmnl hlc gl~ldrmgém rahoac~a m cqax~rmx lgohocmx qbohmnmx ac emx Badlcomx 717%{oxl 8 Xmc Oxonrl% ac ae lrmrol na ?mi m =2{i# Xa dqmrnmrí mbxleq~m raxarwm#

>2



>8



4#) HQAXÔLCMROL NA EM AC^RAWOX^M

O#) [radqc~mx Dacarmeax:

=# Xo rawoxírmilx xq òx~lrome% ¼my medl }qa ea {ralhq{a<

2# Xo rawoxírmilx xqx mc~ahanac~ax {acmeax% ¼]qï achlc~rmrailx<

8# Hqmcnl mbeailx hlc xqx ai{eamnlrax mc~arolrax% ¼}qï clx noríc<

># Hqmcnl mbeailx hlc xqx jagax mc~arolrax% ¼clx `mríc ragarachom na medúc{rlbeaim na naxai{aýl<

1# Ap{eo}qa me na~meea elx {arolnlx xoc ai{eal#

OO#) [radqc~mx xlbra ae @ox~lrome nae ^rmbmjl

Xaeahholcmnmx:

[radqc~m Il~owl na Xaeahhoøc¼]qï eldrl na ~rmbmjl ea `mbrocnmnl imylr eldrl naxm~oxgmhhoøc< ¼Høil gqa eldrmnl<

Ia ocnohmrém }qa ax el }qa ea {mraha ra{raxac~m~owl{mrm hlcxonarmrel qc eldrl na ~rmbmjl y }qa ax el}qa el `mha xac~orxa lrdqeelxl% {lr }qa `ly ac némax iqy oi{lr~mc~a ae àh`l na }qa em {arxlcmxoac~m }qa wm mehmczmcnl ia~mx y cl xlel xaraio~a m ~rmbmjmr {mrm rahobor qc xmemrol#

¼]qï hqmeonmnax ea dqx~m iíx acqc xq{arolr< ¼Iaclx<

Ia {mraha oi{lr~mc~a {lr }qa gocmeiac~a el imxm{rahomnl {lr ae ac qc xq{arolr ax el }qa aemx{ormrém m xar hqmcnl wmym axhmemcnl {lxoholcax%na odqme imcarm el }qa iaclx ea dqx~a ax el }qa aecl `mrém ac hmxl na ~acar qcm {lxohoøc hlcxqblrnocmnlx#

¼[ragoara qx~an ~rmbmjmr xlel l acdrq{lx<

@ly ac ném emx ai{raxmx ~oacnac m bqxhmr ~rmbmjlac a}qo{l {lr }qa emx hmrmh~aréx~ohmx na xqx{rlnqh~lx l xarwoholx {qanac xar xoioemrax {arl emnogarachom em `mha ae {arxlcme }qa ~rmbmjm m`é# Xoax~íc hllrnocmnlx y bqxhmcnl qc ioxil lbja~owl%ae raxqe~mnl ax iqh`l iajlr#

¼Høil hraa }qa el naxhroborémc xqxhli{mýarlx l xqx xqblrnocmnlx<

M`é ae naxhroborém hlil xa hli{lr~m grac~a m xqxhli{mýarlx y hlil {arhoba ae }qa el `mha# Xa{qana awonachomr }qa ~mc ai{í~ohl ax ae hlc aerax~l na {arxlcme)

Hramnmx:

[radqc~m Il~owl na Xaeahhoøc

¼[lr }qï xa hmibomrém `ly na emai{raxm ac em }qa ~rmbmjm m emcqax~rm<

Ia `mrém war elx il~owlx }qa xlc qc na~lcmc~a{mrm ae me iliac~l na hmibomr% ax nahor% xlcgmh~lrax }qa el iqawac ac xq il~owmhoøc {arxlcme#

Emblrmeiac~a% ¼ac nøcna xa waqx~an ac 1 mýlx<

Ax~l ia {ario~orém xmbar xo em {arxlcm ~oaca qc {emc{rlgaxolcme xlbra ae hqme ax~í ~rmbmjmcnl y hqíeaxxlc xqx ia~mx# Ax~l ia mrém xmbar xo xa xac~orém mdqx~l ac ae ~rmbmjl }qa ea ax~milx lgrahoacnl {lr}qa wm na mhqarnl m xq {emc#

¼]qï xarém el {roiarl }qa `mrém xo Ia `mrém war xq hm{mhonmn na lrdmcozmhoøc% xmbar xo

>>



ac~rmrm ac cqax~rm lrdmcozmhoøc< me ocdraxmr xa imcajmrém rí{onmiac~a {mrmnoxiocqor em hqrwm na m{racnozmja l xo ea xarém iíxnogéhoe#

Nac~rl na qc ~rmbmjl ax{ahégohl%¼hqíe gqa ae {rlbeaim }qa imx~rmbmjl ea hlx~ø xleqholcmr<

Ia {ario~a onac~ogohmr xq hm{mhonmn na raxleqhoøcna {rlbeaimx y xo el òzl xlel l el ~rmbmjø aca}qo{l#

OOO#) [radqc~mx xlbra em Anqhmhoøc y Ac~racmioac~l

Xaeahholcmnmx:

[radqc~m Il~owl na Xaeahhoøc¼]qï eldrlx mhmnïiohlx lb~qwl< Ia {ario~orém nmria hqac~m xo `m xonl qcm {arxlcm

}qa bqxhm xar ae iajlr xoai{ra y xo eeadmr m emxia~mx ac qc cowae xlbraxmeoac~a ax na~ariocmc~a{mrm ae#

¼Ax iqy ax~qnolxl< Hlc ax~l ia nmrém hqac~m xo em {arxlcm ~oacaoc~arïx ac xadqor m{racnoacnl {lr }qa mxo ~acdm elx

imx me~lx ax~qnolx% xoai{ra `my hmi{lx cqawlxnlcna m{racnar#¼]qï {mr~a na xqx ax~qnolx xahlx~aø qx~an ioxil< ¼Høil elòzl<

Hlclharém xo m {axmr na em mnwarxonmn }qa {lnrémra{raxac~mr hlx~amrxa qcl ioxil elx ax~qnolx% eanol ae xqgohoac~a {axl m axm {mr~a {mrm xadqorax~qnomcnl y hqeiocmr xqx ax~qnolx#

¼]qï {qax~lx norah~owlx lhq{ø acmh~owonmnax axhlemrax clmhmnïiohmx<

Ia myqnmrém m na~ariocmr xo ax qc eénar occm~l#

Hramnmx:

[radqc~m Il~owl na Xaeahhoøc¼]qï ~o{l na hm{mho~mholcax ea

dqx~mrém rahobor na xq ai{eamnlr<

Ia {ario~a xmbar xo ax~í oc~araxmnl ac xadqor

hrahoacnl ac xqx hlclhoioac~lx y xo ~oaca emnox{lxohoøc {mrm `mharel#¼M }qï cowae na ax~qnolx ea dqx~mrémeeadmr<

Hlc ax~m {radqc~m {lnrém nmria hqac~m yhlc~rmx~mr xo emx ia~mx m emx }qa }qoara eeadmrax~íc mhlrnax me axgqarzl }qa ax~í nox{qax~l m`mhar% ym }qa hqme}qoar ax~qnol ea oi{eohmrém qc~oai{l mnoholcme#

¼Hraa qx~an }qa qcm {arxlcm mexmeor nae hleadol ax~í hm{mho~mnl{mrm nahonor m }qï xa }qoarananohmr ~lnm xq wonm<

Ia nmrém qcm oi{raxoøc na xo em hmrrarm }qa aeodoø yxq mh~qme ~rmbmjl hqbrac xqx ap{ah~m~owmx l xoxoi{eaiac~a xa naxai{aým na qcm imcarmraxodcmnm#

¼Ea dqx~mbm {mr~oho{mr acmh~owonmnax ap~rmhqrrohqemrax na xq

hleadol<

Hlc ax~l hlclharém xo xa eoio~m xlel m xq ~rmbmjl l xoea dqx~m gliac~mr em oc~armhhoøc ac drq{l#

OW#) [radqc~mx xlbra elx Mc~ahanac~ax y Horhqcx~mchomx Mh~qmeax

Xaeahholcmnmx:

[radqc~m Il~owl na Xaeahhoøc¼Ea `mc àh`l qc apmiac iïnohl Ia {ario~orí hlclhar xo em {arxlcm xa {ralhq{m {lr

>1



rahoac~aiac~a< ¼Høil ax~í xqxmeqn<

xq {arxlcm# Qcm {arxlcm }qa xa {ralhq{m {lr qclioxil {qana {ralhq{mrxa {lr l~rmx hlxmx#

¼@m ~aconl }qa mhqiqemr qcmraxarwm gocmchoarm<

Ax~l ia norém xo ax qcm {arxlcm {rahmwonm y xo ax~mlrnacmnl ac xqx gocmczmx% ym }qa em ~rmc}qoeonmnahlcøiohm ea {ario~orém naxai{aýmrxa ~rmc}qoel acxq ~rmbmjl#

¼]qï ~o{l na eah~qrm raemholcmnmhlc ae ~rmbmjl l rahram~owm eadqx~m<

[lnrém hlclhar hqíeax xlc xqx oc~araxax y mnaiíxem eah~qrm ~a nm m{ar~qrm na iac~a y imylrhlclhoioac~l#

¼Ac }qï ~o{l na mh~owonmnax eadqx~m ~limr {mr~a hqmcnl cl ax~í~rmbmjmcnl< ¼Ax qx~an ioaibrl leénar na medúc drq{l<

]qa em {arxlcm ~acdm `lbboax% ax oi{lr~mc~a{lr}qa ~a noha }qa rameozm mh~owonmnax }qa el eeacmc{arxlcmeiac~a#

Hramnmx:

[radqc~m Il~owl na Xaeahhoøc¼Ax xlhol na medúc heqb< Ax oi{lr~mc~a xmbar ae ~o{l na raemholcax }qa ~oacaxlhomeiac~a ym }qa iqh`mx wahax {mrm ae ~rmbmjlna wac~m xa cahaxo~m ~acar hlc~mh~lx {arxlcmeax}qa ~a myqnac m mbror {qar~mx#

¼Ac }qï {rl{lrhoøc hlcxonarmoi{lr~mc~a em nowoxoøc na ~rmbmjlhlc xq wonm {arxlcme<

Ax oi{lr~mc~a }qa em {arxlcm bqx}qa qc bmemchaac~ra xq ~rmbmjl y xq wonm {arxlcme {lr }qa ax~l eanm qc a}qoeobrol ailholcme y {rlgaxolcme ac ae hqmenaxmrrleemrxa

¼ôaca {arxlcmx }qa na{acnacahlcøiohmiac~a na qx~an<

Hlc ax~l {qanl xmbar hqíe ax xq hmrdm ahlcøiohmy xo wm m {lnar ax~mr ~rmc}qoel hlc el }qa rahoboríac ax~a {qax~l#

¼Hqíe hraa qx~an }qa ax xq

{rocho{me wor~qn y xq {alr nagah~l<

Ia {ario~orí hlclhar hqíe ax em hm{mhonmn }qa ae

imx m{rahom na xo ioxil y }qa {lr el ~mc~l ax~mrínox{qax~l m xadqor hqe~owmcnlem#

>7



0#) [RLGAXOLDRMIM

ONACÔGOHMHOØC NAE [QAX^L

m/ Clibra na em ai{raxm:

ROIMH XADQRLX

b/ Clibra nae [qax~l:

MXAXLR NA RAC^MX NA WO^MEOHOMX

h/ Íram na rmbmjl:

[ARXLCMX _ IMRFAÔCD

n/ Drq{l Axhmem na Xmemrol:Hlioxolcmbea=#4 ! nae glcnl ~rmcxgaronl (Jqcolr/2! nae glcnl ~rmcxgaronl (Xacolr/

a/ [mdlx Mnoholcmeax:

Blclx iacxqmeax {lr MG[% xa ocglrimc iacxqmeiac~a

Xadqrl Iïnohl A[X

g/ Na{acnachom:

Qconmn na Cadlhol [arxlcmx y Imrfa~ocd

d/ Xqblrnocmnlx:

Cl m{eohm

`/ Ioxoøc:Rameozmr emx woxo~mx na [rawac~m m elx heoac~ax na mhqarnl me [emc naGonaeozmhoøc% {mrm mxaxlrmrelx rax{ah~l me {rlhaxl na jqboemhoøc% emxilnmeonmnax na {acxoøc y ae gqcholcmioac~l nae {rlnqh~l {mrmeldrmr }qa hlc~rm~a cqax~rl xarwohol hlc em hlcwohhoøc na }qa RéimhXadqrlx ax em hli{mýém hlc ae imylr rax{menl {mrm mxadqrmrxa qcm{acxoøc wo~meohom#

>4



o/ Gqcholcax:

Rameozmr woxo~mx m elx heoac~ax {rlx{ah~l na mhqarnl me [emc naGonaeozmhoøcNa{qrmhoøc na Hmr~arm na Heoac~ax#Mcmeozmr em mrdqiac~mhoøc {mrm nae iarhmnl hli{a~onlr {mrm

aemblrmr ~q x{aah` na wac~mx y rabm~or emx nqnmx#Aemblrmr hl~ozmholcax ap~rmlgohomeax na {acxoøc#Mxox~or m elx heoac~ax {rlx{ah~l nqrmc~a hmnm xahhoøc na xq ~ríio~aac em MG[ `mx~m em gorim gocme#Hlemblrmr hlc ae íram na hm{mho~mhoøc eawmc~mcnl ocglrimhoøc na emhli{a~achom y nae iarhmnl hlc elx heoac~ax woxo~mnlx#Ocdraxmr me xox~aim hmnm woxo~m rameozmnm me heoac~a {rlx{ah~l#Dacarmr em xleoho~qn na bacagoholx mnoholcmeax {mrm ae heoac~a#Ac~radmr me Heoac~a em [øeozm na xq Rac~m Wo~meohom#Hllrnocmr hlc ae íram na Xl{lr~a em ac~radm na iarh`mcnoxocd {mrmelx heoac~ax#

j/ M~robqholcax:

• Ilwoeonmn iacxqme (X,# 7;;/

• Imcajl eobra nae `lrmrol na ~rmbmjl xo hqi{ea hlc ae lbja~owl

f/ Rax{lcxmboeonmnax:

Hqi{eor hlc em hql~m na wac~mx mxodcmnm {lr em darachom me =;;!

Hqi{eor hlc ae [emc na Gonaeozmhoøc me 0;!

e/ Ra}qoxo~lx na ocx~rqhhoøc:

Bmhòeear ac Mniocox~rmhoøc% Ahlcliém l Mgocax i/Ra}qoxo~lx {rlgaxolcmeax:

Cl m{eohm

c/ A}qo{mioac~l cahaxmrol {mrm ae naxai{aýl apo~lxl nae

{qax~l:

• = {h (brocnmn {lr em ai{raxm/

• = haeqemr ({rl{lrholcmnl m ~mrogm ax{ahome na em ai{raxm/

• = iønqel

• = xoeem

l/ Ra}qaroioac~lx géxohlx:

[arxlcm ac~ra 8; y 11 mýlx na anmn% na xapl imxhqeocl l gaiacocl

{/ Hli{a~achomx ~ïhcohmx:

• Imcajl m cowae mwmczmnl na Lggoha (Tlrn% Aphae% [ltar[loc~% hlrral aeah~røcohl/

>0



Ocnox{acxmbea {mrm ae naxmrrleel na emx ~mramx nomromx mxé hlil{mrm ae eldrl na elx iajlrax lbja~owlx

• Hm{mhonmn na cadlhomhoøcGqcnmiac~me m em `lrm na cadlhomr hlc elx heoac~ax% hlc ae goc naeldrmr em gorim nae heoac~a#

• Hlclhoioac~lx ac wac~mx na {rlnqh~lx oc~mcdobeaxElx {rlnqh~lx oc~mcdobeax xa wacnac m bmxa na hlcgomczm y aemxaxlr naba xar hm{mz na dacarmremx ac ae heoac~a#

• Hlclhoioac~l nae iarhmnl y na em Rameonmn Cmholcme y Iqcnome [arxlcm hlc oc~arïx xlbra emx ilnogohmholcax nae iarhmnl y emxwmrombeax }qa wmc ilwoacnl ae cadlhol#

}/ Hli{a~achomx dacïrohmx:

• Hlcwochac~a

• Mxar~owl

• Ocna{acnoac~a

• No{elií~ohl



• @qimcl,xacxobea


• Naba dacarmr em hlcgomczm xqgohoac~a hlc aeheoac~a {mrm }qa nahonm {lr xq ai{raxm#

• Ax~mbeahar qcm hliqcohmhoøc ac em }qa xa

raxme~ac emx glr~meazmx y xa `mdm qcmhli{mrmhoøc hlc em hli{a~achom xoccahaxonmn na naxmhrano~mrem#

• Dacarmr xqx {rl{omx ax~rm~adomx ymrdqiac~lx ac bmxa m em hm{mho~mhoøc#

• Hm{mz na hlcxadqor ocglrimhoøc nae heoac~axoc ocwmnorel#

• Rahlclhar }qa noha hmnm qcl na elx dax~lxna elx heoac~ax ym }qa ax~lx xlc qc {m~røc nahli{lr~mioac~l }qa clx {ario~orí rawar~oremx nqnmx#

•

Nmr ~lnl na qcl {arl xmbar mha{~mr hqmcnlqc heoac~a cl ax {mrm ~o#• Me dacarmr hlcgomczm hlc ae heoac~a% ax~a clx

hlcgém xqx meadrémx% ~rox~azmx% a~h }qa nabacxar rahlclhonmx y m{rahomnmx {lr ae Mxaxlr#

• Eeawmr xq ~rmbmjl ac mrilcém ym }qa ac~raelx Mxaxlrax apox~a qcm hli{a~achom occm~mna xar dmcmnlrax#

r/ Geqjl na ~rmbmjl , @lrmrolx:

Na Eqcax m Woarcax na ;0:;; mi m =0:;; {i ac lrmrol eobra y m

nox{lcoboeonmn nae heoac~a

x/ Rïdoiac na ~rmbmjl y naxhmcxl:

Wmhmholcax na 8; némx hmeacnmrol% emx hqmeax {qanac xar ~limnmgrmhholcmnmx#

>?



?#) ONACÔGOHMHOØC NA EMX CAHAXONMNAX

OCNOWONQMEAX

Goh`m {mrm ae radox~rl na cahaxonmnax ocnowonqmeax

NOMDCLXÔHL OCNOWONQME NA CAHAXONMNAX NA HM[MHO^MHOØC

MRAM NA ^RMBMJL: Rac~mx Wo~meohomx

CLIBRA NAE GQCHOLCMROL: Meajmcnrm Hqbm

HMRDL: Mxaxlrm Imx~ar na Rac~mx Wo~meohomx

[RL_AH^L L GQCHOLC CAHAXONMN NAHM[MHO^MHOLC

HEMXA NACAHAXONMN

O* H* @*

Q~oeozmhoøc na Xox~aim Jqboemra

Gqcholcme ac XO[ P P

Hqrxl {mrm rameozmrhl~ozmholcaxap~rmlgohomeax

Mcíeoxox nae hqmnrlgqcholcme

P P

Mcmeozmr emmrdqiac~mhoøc {mrm naeiarhmnl hli{a~onlr

{mrm aemblrmr ~q x{aah`na wac~mx y rabm~or emxnqnmx#

Dax~oøc y hlclhoioac~lx P P

*O 9Ocglrimhoøc*H 9 Hlclhoioac~l*@9 @mboeonmnax

1;



=;#) ONACÔGOHMHOØC NA EMX CAHAXONMNAXHLEAHÔWMX L [LR NA[ACNACHOM (NAENA[MR^MIAC^L/

Goh`m {mrm ae hlcxleonmnl na cahaxonmnax na hm{mho~mhoøc {lrna{acnachomx

[RL_AH^L LGQCHOLCAX HLCRA]QAROIOAC^L

X [LRNA[ACNACHOMX

L R N A C N

A

[ R

O L R O N M N

CAHAXONMNAXNA

HM[MHO^MHOLC

[LBEMHOLC LBJAÔWL NAE[EMC NA HM[MHO^MHOØC

CÚIARL NA GQCHOLCMROLX[LR COWAE JARMR]QOHL

M* B* H* N* A*

Hm{mho~mhoøc = Gqcholcme ac

XO[

P p p

Hm{mho~mhoøc 2 Mcíeoxox nae

hqmnrl

gqcholcme

p P p p

Xaeahhoøc 8 Ac~rawox~mx pCowae na Ocdeïx

(lrme% axhro~l/

> Oc~arianol p P p P P

1740

M9 Norah~owl y MxaxlrB9 Ajahq~owlH9 [rlgaxolcmeN9 ^ïhcohlA9 Mxox~achome (mniocox~rm~owl y l{arm~owl ac Ac~onmnaxârro~lromeax/

1=



==# ILNAEL NA AWMEQMHOLC NA NAXAI[AÝL

Awmeqmhoøc nae {roiar ~roiax~ra nae mýl:

Gah`m: ;=#;>#2;=2

Ai{raxm: Roimh Xadqrlx

=# Nm~lx nae Ai{eamnl:

Clibra Meajmcnrm Mcm nae Hmriac M{aeeonlx Hqbm BmolhhòNa{mr~miac~l Rac~mx Wo~meohomx[qax~l Mxaxlrm Imx~ar na Rac~mx Wo~meohomxHønodl 0>4880?2

Nm~lx nae Awmeqmnlr:

Clibra Rlxmcm Aeworm M{aeeonlx XmehanlNa{mr~miac~l Rahqrxlx @qimclx[qax~l Xaeahhoøc na [arxlcmeHønodl 0>480084>

2# Eldrl na raxqe~mnlx xlbra ax~ícnmrax na naxai{aýl:

HMEONMNMh~owonmn: Aphaeac~

aBqacl Xlbra ae

~ïriocl

ianol

Nabmjlnae

~ïrioclianol

[lbra

=#[raxac~mhoøcna Hl~ozmhoøcLgohome

âcar aehlclhoioac~l na }qa aeheoac~a wm mxleoho~mr emxilnmeonmnaxna {acxoøc%mhli{mýmrelm em mg{ {mrmem ho~m%raqcorxa hlcae {mrmrawoxmr ae~aim y nacqawl {mrm{raxac~mreaem hl~ozmhoøclgohome ygocmeiac~amhli{mýmrelm em MG[ {mrmem gorim#

âcar aehlclhoioac~l na }qa aeheoac~a wm mxleoho~mr emxilnmeonmnaxna {acxoøc%mhli{mýmrel m em mg{{mrm em ho~m%raqcorxa hlcae {mrm{raxac~mreaem hl~ozmhoøclgohome ygocmeiac~amhli{mýmrel m em MG[{mrm emgorim#

âcar aehlclhoioac~lna }qa aeheoac~a wm mxleoho~mr emxilnmeonmnaxna {acxoøc%mhli{mýmrelm em mg{ {mrmem ho~m%raqcorxa hlcae {mrm{raxac~mreaem hl~ozmhoøclgohome#

âcar aehlclhoioac~l na }qa aeheoac~a wm mxleoho~mr emxilnmeonmnaxna {acxoøc%mhli{mýmrelm em mg{ {mrmem ho~m#

âcar aehlclhoioac~l na }qa aeheoac~a wm mxleoho~mrilnmeonmnaxna {acxoøc

@mbemr hlc aeheoac~a {mrm xmbar}qa ax~m {lr

12



xleoho~mrilnmeonmnax na{acxoøcMhli{mýmr meheoac~a m em MG[ mxleoho~mrilnmeonmnax

Raqcoøc {mrmrawoxoøc na ~aimgocme

Raqcoøc {mrm{raxac~mhoøc naHl~ozmhoøc Lgohome

Mhli{mýmrel m emgorim gocme


1` 7 ` 4 ` 0 ` =; `

Hmc~onmnL na

ra{a~oholcax

> 8 2 = ;




[lbra

2# OcdraxmrWoxo~mx meXox~aim Jqboemra

Ocdraxmrnomromiac~aemx woxo~mx acae Jqboemrahqi{eoacnlhlc elxhmi{lx na~aeïglcl%

norahhoøc%ax~m~qx%bacagohomrolxy hlcyqdqa#

Ocdraxmrnomromiac~aemx woxo~mxac ae

Jqboemrahqi{eoacnlhlc elx

hmi{lx na~aeïglcl%norahhoøc%ax~m~qx ybacagohomrolx



hmi{lx na~aeïglcl%norahhoøc yax~m~qx#



hmi{lx na~aeïglcl ynorahhoøc#



hmi{lx na~aeïglcl#

Ocdraxmrnomromiac~a emxwoxo~mx ac ae jqboemra

Hqi{eor hlc aehmi{l na ~aeïglcl

Hqi{eor hlc aehmi{l nanorahhoøc

Hqi{eor hlc aehmi{l na ax~m~qx

Hqi{eor hlc aehmi{l nabacagohomrolx yhlcyqdqa

18




=` 2 ` 8 ` > ` 1 `


> 8 2 = ;




[lbra

8#[ra{mrmhoøcna Im~arome{mrm{raxac~mhoøcme heoac~a

[ra{mrmr emhl~ozmhoøcap~rmlgohome%em hmr~m na{raxac~mhoøcna emai{raxm%drq{lgocmchoarl me}qa

{ar~acailxy xq òx~lrom%ocheqorel acqc goeaiaibra~mnlhlc xqclibra ymdradmr aeiarh`mcnoxocd na Roimh#

[ra{mrmr emhl~ozmhoøcap~rmlgohome%em hmr~m na{raxac~mhoøc na emai{raxm%drq{lgocmchoarl me

}qa{ar~acailxy xqòx~lrom%ocheqorel acqc goeaiaibra~mnl hlc xqclibra#

[ra{mrmr emhl~ozmhoøcap~rmlgohome%em hmr~m na{raxac~mhoøc na emai{raxm%drq{lgocmchoarl me

}qa{ar~acailxy xqòx~lrom#

[ra{mrmr emhl~ozmhoøcap~rmlgohome%em hmr~m na{raxac~mhoøc na emai{raxm#

[ra{mrmr emhl~ozmhoøcap~rmlgohome#

[ra{mrmr emhl~ozmhoøcap~rmlgohome

[ra{mrmr em hmr~m

na {raxac~mhoøc naem ai{raxm

[ra{mrmr emocglrimhoøc xlbraae drq{l gocmchoarlme }qa {ar~acaha

[ra{mrmr ae goeaiaibra~mnl

Xleoho~mr aeiarh`mcnoxocd naRéimh {mrmocheqorel

ôai{l

(`lrmx% ioc%xadqcnlx/

=` 2 ` 8 ` > ` 1 `


> 8 2 = ;

8# Axhmem {mrm hmeogohmr me ai{eamnl {mrm emx hli{a~achomx

1>



1 Aphaeac~a Ae ai{eamnl xlbraxmea ac blcnmn% iïro~l lax~oimhoøc#

>Xlbra

~ïriocl

ianol

Ae ai{eamnl hqi{ea hlc xq emblr hlc iïro~l yax~oimhoøc#

8 ^ïrioclianol

Ae ai{eamnl eldrm m{acmx l ac xq ~l~meonmn xqemblr#

2Bmjl ae~ïrioclianol

Ae ai{eamnl hqi{ea na glrim ocxqgohoac~a aocgarolr m elx naiíx xq emblr#

= [lbra Ae ai{eamnl hqi{ea ocxqgohoac~aiac~a% ocgarolr yhlc {rlbeaimx xq emblr#

># Hli{a~achomx na Oc~aeodachom Ailholcme

Hli{a~acho

m

Hli{lr~mioa

c~l

Nagocohoøc nae

hli{lr~mioac~l Aphaeac~a

Xlbra

~ïrioclianol

^ïrioc

lianol

Bmjl ae

~ïrioclianol [lbra

HliqcohmhoøcLrme[arxqmxowm

Hemronmn ylrnac ac elx~aimx m{raxac~mr

[raxac~mrlrnacmnmiac~a elx ~aimx{mrm em iajlrhli{racxoøc

P

Bqacmnohhoøc

@mbemr hemrl yxoc iqea~oeemx

P

1# Hli{a~achom Oc~ar{arxlcme

Hli{a~achom

Hli{lr~mioac~l

Nagocohoøc naehli{lr~mioac~l

Aphaeac~aXlbra~ïrioclianol

^ïrioclianol

Bmjl ae~ïrioclianol

[lbra

Mxar~owl

Raxme~mr elxbacagoholx naem Hli{mýém

[raxac~mr elxm~robq~lx naem hli{mýém

P

Hli{mrmr Nabailxhli{mrmr{mrm nagocor{lr }qaxlilx elxiajlrax xoc`mbemr ime naemhli{a~achom

P

7# Hli{a~achomx ïhcohmx

Hli{a~achom

Hli{lr~mioac~l


Aphaeac~aXlbra~ïrioclianol

^ïrioclianol


[lbra

ImcajlnaeAc~lrclTocnltx

Aemblrmhoøcnanlhqiac~lx y{raxac~mholcax {mrm iox jagax y iox

Imcajl na elx{rldrmimx naTocnltx {mrmhramr emx{raxac~mholcax {mrm elx

P

11



heoac~ax heoac~ax

4# Hli{a~achomx {rlgaxolcmeax

Hli{a~achom Hli{lr~mioac~l


Aphaeac~a

Xlbra~ïrioclianol

^ïrioclianol


[lbra

Mniocox~rmhoøc lAhlcliém

Bmhòeearm~l Ax~qnolx hlcheqonlxac em hmrrarm namniocox~rmhoøc

P

Eohachomnl Rahoba ae drmnl namq~lronmn xlbra emhmrrarm

[lx~ drmnl lax{ahomeozmhoøc

Hohel na ax~qnol{lx~arolr m emlb~achoøc na emeohachom~qrm

Imax~rl [arxlcm iqynoax~rm l hlc{rlgqcnlxhlclhoioac~lx acmniocox~rmhoøc

Nlh~lrmnl Xa lb~oaca nax{qïx

na `mbar hqrxmnlelx ax~qnolxcahaxmrolx y na`mbar rameozmnl qcm~axox

17



=2#) I LNAEL NA HLCX^RQHHOLC NA RAIQCARMHOLCAX) IÏ^LNL NA EMX HMÂDLRÉMX NAÂRIOCMNMX

m/ Mxaxlr na Rac~mx Wo~meohomx

wme ! Eo wme ! Ex

HLI[A ACHOMX X,# ;#;; X,# ;#;;

hlcwochac~a ;#21 X,# 2%;;;#;; ;#81 X,# 1%21;#;;

mxar~owl ;#=1 X,# =%2;;#;; ;#=1 X,# 2%21;#;;

lbxarwmhoøc ;#21 X,# 2%;;;#;; ;#21 X,# 8%41;#;;

~learmc~a ;#;1 X,# >;;#;; ;#;1 X,# 41;#;;

hm{mz na

raxlewar

hlcgeoh~lx ;#8 X,# 2%>;;#;; ;#2 X,# 8%;;;#;;

l~me =;;! 0;;; =;;! =1;;;

Axhmem na Wmelrmhoøc "XQBJA OWM" NA EMX HLI[A ACHOMX

CL CAHAXMROL HMXO CAHAXMROL CAHAXMROL IQ_ CAHAXMROL OCNOX[ACXMBEA

= 2 8 > 1

HM ADLROM

xodem

xaxlr na Rac~mx Wo~meohomMRRWW 1 > 8 8 >

Mxaxlr na Tlrfxo~a MT 8 1 > 1 8

Mxaxlr na Iqe~o{rlnqh~lMI 2 2 8 > =

Mxaxlr na Xmeqn MX > 8 1 2 1

hlcwochac~a mxar~owl lbxarwmhoøc ~learmc~ahm{mz naraxlewar

hlcgeoh~lx

HLI[A ACHOMX

hlcwochac~a mxar~owl lbxarwmhoøc ~learmc~a

hm{mz na

raxlewar

hlcgeoh~lx

=8184#1; 121;#;; =?04#1; 2041#;; 141#;; 201;#;;=2=;;#;; >>84#1; 221;#;; 2>84#1; 141#;; 2>;;#;;

==2;;#;; 8721#;; =?04#1; 2>84#1; 41;#;; 2>;;#;;

=2272#1; 121;#;; =421#;; 2>84#1; ;#;; 201;#;;

14



CL CAHAXMROL 0=2#1 X,# 2%;;;#;; X,# 272#1; X,# =%2;;#;; X,# >84#1; X,# 2%;;;#;; X,# 04#1; X,# >;;#;; X,# =1;#;; X,# 2%>;;#;;

HMXO CAHAXMROL 20=2#1 =%>72#1; 2%>84#1; >04#1; 2%11;#;;

CAHAXMROL 8721 =%421#;; 2%041#;; 141#;; 2%4;;#;;

IQ_ CAHAXMROL >>84#1 =%?04#1; 8%8=2#1; 772#1; 2%01;#;;

OCNOX[ACXMBEA 121; 2%21;#;; 8%41;#;; 41;#;; 8%;;;#;;

1= 2 8 >

=8#) HLCX^RQHHOØC NA RAIQ0ACRMHOLCAX : IA^LNLNA ELX GMH^LRAX _ XQX RMCDLX

Gmh~lr na awmeqmhoøc y xqx drmnlx

Hemxa na Hmrdlx

O =;; @MX M =78

OO =7> @MX M 224

OOO 220 @MX M 2?=

OW 2?2 @MX M 811

W 817 @MX M 7;;

Rmcdl na {qc~lx

drmnl {qc~lx

ra}qoara xmbar eaar y axhrobor (megmba~ozmnl/ M 1

ra}qoara {roimrom B =1

RA]QOXO LX OC AEAH QMEAX ra}qoara xahqcnmrom l =ar hohel Qcowarxo~mrol H 21

ra}qoara ~o~qel qcowarxo~mrol l 2nl hohel N 81

ra}qoara {lx~ drmnl hli{ea~l l a}qowmeac~a A >1

M B H N A

Drq{lx na gmh~lrax 1 =1 21 81 >1

=#=Ocx~rqhhoøc cahaxmrom 0 =7 2> 82 >;

O Ra}qoxo~lx oc~aeah~qmeax =#2Ap{aroachom 4 => 2= 20 81

=#8 Ocohom~owm 1 =; =1 2; 21

OO Ra}qoxo~l Goxohl 2#=Axgqarzl goxohl cahaxmrol 0 =7 2> 82 >;

2#2Hlchac~rmhoøc Iac~me =1 8; >1 7; 41

8#=xq{arwoxoøc na {arxlcmx =; 2; 8; >; 1;

OOO Rax{lcxmboeonmnax 8#2Imcajl na im~aromeax y a}qo{lx =2 => =7 =0 2;

8#8Imcajl na nocarl% nlhqiac~lx =8 =1 =4 =? 2=

OW Hlcnoholcax na ~rmbmjl >#=Miboac~a géxohl na ~rmbmjl =; =1 2; 21 8;

>#2Roaxdlx oi{eoho~lx =2 => =7 =0 2;

=;; =7> 220 2?2 817

Drmnlx

Gmh~lrax na awmeqmhoøc

10



Drmnlx [qc~lx drmnlx {qc~lx drmnlx {qc~lx

drmnl {qc~lx O Ra}qoxo~lx oc~aeah~qmeax

ra}qoara xmbar eaar y axhrobor (megmba~ozmnl/ M 1 =#= Ocx~rqhhoøc cahaxmrom N 82 A >1 N 82

ra}qoara {roimrom B =1 =#2 Ap{aroachom N 20 A 81 N 20

ra}qoara xahqcnmrom l =ar ho hel Qcowarxo~mrol H 21 =#8 Ocohom~owm H =1 A 21 H =1

ra}qoara ~o~qel qcowarxo~mrol l 2nl hohel N 81 OO Ra}qoxo~l Goxohl

ra}qoara {lx~ drmnl hli{ea~l l a}qowmeac~a A >1 2#= Axgqarzl goxohl cahaxmrol H 2> N >; H 2>

2#2 Hlchac~rmhoøc Iac~me N 7; N 41 H >1

OOO Rax{lcxmboeonmnax

8#= xq{arwoxoøc na {arxlcmx N >; A 1; H 8;

8#2 Imcajl na im~aromeax y a}qo{lx H =4 N =0 H =7

8#8 Imcajl na nocarl% nlhqiac~lx N =? N =? H =4

OW Hlcnoholcax na ~rmbmjl

>#= Miboac~a géxohl na ~rmbmjl N 8; N 21 H 2;

>#2 Roaxdlx oi{eoho~lx N 2; A 2; H =7

201 812 2>8

[qc~lx Xmemrol

MXAXLR IMX AR NA RRWW 201 1?;8#07

XQ[ARWOXLR 812 7?77#2?

MXAXLR JQCOLR NA RRWW 2>8 1284#07

MXAXLR JQCOLR

l~me

MXAXLR IMX AR XQ[ARWOXLR

Hemxa na Hmrdlx Hemxa na Hmr Eo Ex

O =;; @MX M =78 O =;; @MX M =78 8;;;#;; 8???#;;

OO =7> @MX M 224 OO =7> @MX M 224 >;;;#;; >???#;;OOO 220 @MX M 2?= OOO 220 @MX M 2?= 1;;;#;; 1???#;;

OW 2?2 @MX M 811 OW 2?2 @MX M 811 7;;;#;; 7???#;;

W 817 @MX M 7;; W 817 @MX M 7;; 4;;;#;; ?;;;#;;

7>??#1; =7!

>>??#1; =2!

0;;;#;; =0!

1>??#1; =>!

Rmcdl na {qc~lx [qc~l ianol Xmemrol ianol nax{onlx

8>??#1; =;!

Rmcdl na {qc~lx

{lrhac~mja na Grmcjm Xmemrome

Rmcdl Xmemrolx

= 78 220 ??? 1%;;;

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1 217 1%>>>

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0 244 1%444

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Xmemrolx 2=8 222#8 28=#7 2>;#? 21;#2 21?#1 270#0 240#= 204#> 2?7#4 8;7

;

1;

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Portafolio de ARH I - asesor master de rentas vitalitacias