&KDSWHU([DP$GYDQFHG5RXWLQJ

&KDSWHU([DP
'XH 1RYDWSP
3RLQWV 
$OORZHG$WWHPSWV 8QOLPLWHG

4XHVWLRQV 

$YDLODEOH $XJDWDP1RYDWSPPRQWKV

7LPH/LPLW 0LQXWHV

7DNHWKH4XL]$JDLQ

$WWHPSW+LVWRU\

$WWHPSW

7LPH

6FRUH

.(37

$WWHPSW

PLQXWHV

RXWRI

/$7(67

$WWHPSW

PLQXWHV

RXWRI

$WWHPSW

PLQXWHV

RXWRI

$WWHPSW

PLQXWHV

RXWRI

$WWHPSW

PLQXWHV

RXWRI

6FRUHIRUWKLVDWWHPSWRXWRI
6XEPLWWHG1RYDWSP
7KLVDWWHPSWWRRNPLQXWHV


4XHVWLRQ

SWV

5HIHUWRWKHH[KLELW$QHWZRUNDGPLQLVWUDWRULQDXWRQRPRXVV\VWHPKDVVHWXSDGXDOKRPHG%*3FRQQHFWLRQZLWKDQ,637KH
DGPLQLVWUDWRUZRXOGOLNHWRLQIOXHQFHWKH,63URXWHUVRWKDWDOOWUDIILFIURPWKH,63HQWHUVWKHDXWRQRPRXVV\VWHPWKURXJKURXWHU5:KLFK
%*3DWWULEXWHFDQWKHDGPLQLVWUDWRUFRQILJXUHRQURXWHUV5DQG5WRDFFRPSOLVKWKLV"

&RUUHFW

PXOWLBH[LWBGLVFULPLQDWRU
QH[WKRS
DJJUHJDWH
ZHLJKW
ORFDOSUHIHUHQFH

5HIHUWR&KDSWHU

KWWSVQHWDFDGFRPFRXUVHVTXL]]HV





&KDSWHU([DP$GYDQFHG5RXWLQJ

4XHVWLRQ

SWV

:KLFKWZRVWDWHPHQWVDUHNH\FKDUDFWHULVWLFVRI%*3"&KRRVHWZR

,WXVHVEDQGZLGWKDQGGHOD\DVLWVPHWULF
,WLVDQDGYDQFHGGLVWDQFHYHFWRUURXWLQJSURWRFRO
&RUUHFW

,WLVDSROLF\EDVHGURXWLQJSURWRFRO
,WXVHVFRVWDVLWVPHWULF
,WLVDOLQNVWDWHURXWLQJSURWRFRO

&RUUHFW

,WSURYLGHVLQWHUGRPDLQURXWLQJEHWZHHQDXWRQRPRXVV\VWHPV

5HIHUWR&KDSWHU

4XHVWLRQ

SWV

5HIHUWRWKHH[KLELW$XWRQRPRXVV\VWHPLVURXWLQJWUDIILFEHWZHHQWZRH[WHUQDO%*3DXWRQRPRXVV\VWHPVDXWRQRPRXVV\VWHP
DQGDXWRQRPRXVV\VWHP6\QFKURQL]DWLRQLVGLVDEOHGRQ%*3LQDXWRQRPRXVV\VWHP:KLFKURXWHUVVKRXOGKDYH,%*3
SHHUUHODWLRQVKLSVIRUURXWLQJEHWZHHQDXWRQRPRXVV\VWHPDQGDXWRQRPRXVV\VWHPWRZRUNSURSHUO\"

,63$55DQG,63%
&RUUHFW

555DQG5
5DQG5
55DQG5

5HIHUWR&KDSWHU

4XHVWLRQ

SWV

:KLFK%*3DWWULEXWHLVXVHGE\%*3WRHQVXUHDORRSIUHHWRSRORJ\RQWKH,QWHUQHW"

2ULJLQ

KWWSVQHWDFDGFRPFRXUVHVTXL]]HV





&KDSWHU([DP$GYDQFHG5RXWLQJ
1H[WBKRS

&RUUHFW

$VBSDWK
ORFDOSUHIHUHQFH
$WRPLFDJJUHJDWH

5HIHUWR&KDSWHU

4XHVWLRQ

SWV

:KLFK%*3DWWULEXWHFDQEHFRQILJXUHGRQ,%*3VSHDNHUVVRWKH\ZLOOFKRRVHDGHVLUHGSDWKRXWRIWKHDXWRQRPRXVV\VWHPWRDQRXWVLGH
QHWZRUN"

0('
DJJUHJDWH
QH[WKRS
&RUUHFW

ORFDOSUHIHUHQFH

5HIHUWR&KDSWHU

4XHVWLRQ

SWV

:KLFKURXWHVDUHDYDLODEOHWRD%*3VSHDNHUWRDGYHUWLVHWRSHHUVRQFHDQDGMDFHQF\LVIRUPHG"

DQ\URXWHLQHLWKHUWKH,3URXWLQJWDEOHRU%*3IRUZDUGLQJGDWDEDVH
&RUUHFW

RQO\%*3URXWHVLQWKH,3URXWLQJWDEOH
RQO\URXWHVWKDWDUHOHDUQHGIURP,%*3SHHUVLQWKHVDPHDXWRQRPRXVV\VWHP
RQO\URXWHVLQWKH%*3IRUZDUGLQJGDWDEDVH

5HIHUWR&KDSWHU

4XHVWLRQ

SWV

:KLFKWKUHHVWDWHPHQWVDUHWUXHRI,%*3SHHUV"&KRRVHWKUHH

&RUUHFW

2QFH%*3SHHUVH[FKDQJHIXOO%*3URXWLQJWDEOHVRQO\LQFUHPHQWDOXSGDWHVDUHVHQWZKHQURXWLQJWDEOHVFKDQJH
8SGDWHVEHWZHHQSHHUVDUHVHQWXVLQJ5HOLDEOH7UDQVSRUW3URWRFRO573
,%*3SHHUVPXVWEHGLUHFWO\FRQQHFWHG

KWWSVQHWDFDGFRPFRXUVHVTXL]]HV





&KDSWHU([DP$GYDQFHG5RXWLQJ

&RUUHFW

5RXWHVOHDUQHGIURPDQ,%*3SHHUDUHQRWSURSDJDWHGWRRWKHU,%*3SHHUV

&RUUHFW

$7&3VHVVLRQPXVWEHHVWDEOLVKHGEHIRUHDSHHUDGMDFHQF\LVPDGH

5HIHUWR&KDSWHU

4XHVWLRQ

SWV

5HIHUWRWKHH[KLELW:KLFKVWDWHPHQWLVWUXH"

57$LVJRLQJWRDGYHUWLVHWKDWLWLVSDUWRI$6
7KHQHLJKERUDWLVDQLQWHUQDOSHHU
&RUUHFW

57$LVJRLQJWRDGYHUWLVHQHWZRUNWRLWVQHLJKERUVLIRULWVVXEQHWVDUHLQWKH,3URXWLQJWDEOH
7KHQHLJKERUDWLVDQH[WHUQDOSHHU

5HIHUWR&KDSWHU

4XHVWLRQ

SWV

:KLFK%*3URXWHUVZLOOEHFRPHSHHUVDQGVKDUHURXWLQJLQIRUPDWLRQ"

%*3URXWHUVWKDWDUHFRQILJXUHGZLWKWKHVDPHSHHUFRPPDQG
%*3URXWHUVWKDWDUHFRQILJXUHGZLWKWKHVDPHQHWZRUNFRPPDQG
&RUUHFW

%*3URXWHUVWKDWDUHFRQILJXUHGZLWKWKHQHLJKERUFRPPDQG
%*3URXWHUVVKDUHURXWLQJLQIRUPDWLRQZLWKDOOURXWHUVLQWKHVDPH$6E\GHIDXOW

5HIHUWR&KDSWHU

4XHVWLRQ

SWV

5HIHUWRWKHH[KLELW:KLFKWZRFRQILJXUDWLRQVZLOODOORZURXWHU5WRHVWDEOLVKDQHLJKERUUHODWLRQVKLSZLWKURXWHU5"&KRRVHWZR

KWWSVQHWDFDGFRPFRXUVHVTXL]]HV





&KDSWHU([DP$GYDQFHG5RXWLQJ
5FRQILJURXWHUEJS
5FRQILJURXWHUQHWZRUN
5FRQILJURXWHUQHLJKERUUHPRWHDV
5FRQILJURXWHUEJS
5FRQILJURXWHUQHWZRUN

5FRQILJURXWHUEJS
5FRQILJURXWHUQHWZRUN
5FRQILJURXWHUQHLJKERUUHPRWHDV
&RUUHFW

5FRQILJURXWHUEJS
5FRQILJURXWHUQHWZRUN
5FRQILJURXWHUQHLJKERUUHPRWHDV

&RUUHFW

5FRQILJURXWHUEJS
5FRQILJURXWHUQHWZRUN
5FRQILJURXWHUQHLJKERUUHPRWHDV
5FRQILJURXWHUEJS
5FRQILJURXWHUQHWZRUN

5HIHUWR&KDSWHU

4XHVWLRQ

SWV

5HIHUWRWKHH[KLELW%*3VHVVLRQVDUHHVWDEOLVKHGEHWZHHQDOOURXWHUV57&UHFHLYHVURXWHXSGDWHVIRUQHWZRUNIURP
DXWRQRPRXVV\VWHPZLWKWKHZHLJKWDWWULEXWHVHWWR57%DOVROHDUQVDERXWQHWZRUNIURPDXWRQRPRXV
V\VWHPZLWKDZHLJKWRI:KLFKURXWHUZLOOEHXVHGE\57$DVDQH[WKRSWRUHDFKWKLVQHWZRUN"

57&EHFDXVHRIWKHKLJKHVWZHLJKW
57&EHFDXVHRIWKH7OLQN
57%EHFDXVHRIWKHVORZNEVOLQN
&RUUHFW

57%EHFDXVHRIWKHVKRUWHVW$6B3DWK
57&EHFDXVHRIWKHORQJHVW$6B3DWK
57%EHFDXVHRIWKHORZHVWZHLJKW

5HIHUWR&KDSWHU

4XHVWLRQ

KWWSVQHWDFDGFRPFRXUVHVTXL]]HV

SWV





&KDSWHU([DP$GYDQFHG5RXWLQJ
:KLFKFRPPDQGZRXOGIRUFHDURXWHUWRLQMHFWDURXWHLQWR%*3"

VXPPDU\
URXWHLQMHFW
&RUUHFW

QHWZRUN
URXWHUEJSQHWZRUN

5HIHUWR&KDSWHU

4XHVWLRQ

SWV

5HIHUWRWKHH[KLELW%*3VHVVLRQVDUHHVWDEOLVKHGEHWZHHQDOOURXWHUV5RXWHU57&KDVWKHORFDOSUHIHUHQFHIRUQHWZRUN
VHWWRDQGURXWHU57%KDVDORFDOSUHIHUHQFHVHWWRIRUWKHVDPHQHWZRUN:KLFKURXWHUZLOOEHXVHGE\57$DV
DQH[WKRSWRUHDFKQHWZRUN"

57&EHFDXVHRIWKH7OLQN
&RUUHFW

57&EHFDXVHRIWKHKLJKHVWORFDOSUHIHUHQFH
57%EHFDXVHRIWKHORZHVWORFDOSUHIHUHQFH
57%EHFDXVHRIWKHVORZNEVOLQN
57%EHFDXVHRIWKHVKRUWHVW$6B3DWK
57&EHFDXVHRIWKHORQJHVW$6B3DWK

5HIHUWR&KDSWHU

4XHVWLRQ

KWWSVQHWDFDGFRPFRXUVHVTXL]]HV

SWV





&KDSWHU([DP$GYDQFHG5RXWLQJ

5HIHUWRWKHH[KLELW%DVHGRQWKHVKRZLSEJSVXPPDU\DQGGHEXJLSEJSRXWSXWZKLFKWZRVWDWHPHQWVPXVWEHWUXH"&KRRVHWZR

5LVGLUHFWO\FRQQHFWHGWRDQ,%*3SHHU
&RUUHFW

5FDQQRWURXWH%*3SDFNHWVWR
7KHURXWHUDWLVDQ(%*3SHHU
7KHHEJSPXOWLKRSFRPPDQGLVPLVVLQJIURPWKH%*3FRQILJXUDWLRQ

&RUUHFW

5KDVHVWDEOLVKHGDQ(%*3SHHULQJUHODWLRQVKLS

5HIHUWR&KDSWHU

4XHVWLRQ

SWV

5HIHUWRWKHH[KLELWDERYH57%UHFHLYHVDQ(%*3DGYHUWLVHPHQWIURP57':KHQSURSDJDWHGLQWR$6E\,%*3ZKLFKURXWHUZRXOG
EHXVHGDVWKHQH[WKRSIRU57&"

&RUUHFW

57'
57&
57$
57%

5HIHUWR&KDSWHU

4XHVWLRQ

KWWSVQHWDFDGFRPFRXUVHVTXL]]HV

SWV





&KDSWHU([DP$GYDQFHG5RXWLQJ
:KLFKVWDWHPHQWVLVQRWFRUUHFWUHJDUGLQJ03%*3"

1HLJKERUVPXVWEHDFWLYDWHGZLWKWKHDGGUHVVIDPLO\XVLQJWKHQHLJKERUDFWLYDWHFRPPDQG
,3YFDQEHXVHGDVWKH%*3WUDQVSRUWIRUERWK,3YDQG,3YVHVVLRQV
&RUUHFW

$VLQJOH%*3IRUZDUGLQJWDEOHLVXVHGIRUERWK,3YDQG,3YDGGUHVVIDPLOLHV
7KHVKRZEJSDOOQHLJKERUVFRPPDQGFDQEHXVHGWRVKRZ%*3QHLJKERUDGMDFHQFLHVIRU,3YDQG,3Y

5HIHUWR&KDSWHU

4XHVWLRQ

SWV

:KDWDUHWKHFKDUDFWHULVWLFVRIXVLQJWKHQHLJKERULSDGGUHVVXSGDWHVRXUFHFRPPDQGZLWKDORRSEDFNDGGUHVV"&KRRVH

&RUUHFW

)RU,%*3LWDOORZVWKH,*3WRXVHWKHEHVWSDWKWRWKHORRSEDFNDGGUHVV

&RUUHFW

7KHQHLJKERUFRPPDQGLVFRQILJXUHGXVLQJWKHQHLJKERU
VORRSEDFNDGGUHVV
,WFDQRQO\EHXVHGZLWK,%*3
7KHORRSEDFNDGGUHVVGRHVQRWQHHGWREHUHDFKDEOHE\7&3

5HIHUWR&KDSWHU

4XL]6FRUHRXWRI

KWWSVQHWDFDGFRPFRXUVHVTXL]]HV