Signal Lampe
Signal Lampe
Signal Lampe
*(1(5$/ 7KH PHWHUV DQG GLVSOD\V DUH XVHG WR SURYLGH RSHUDWRU LQ
IRUPDWLRQ RQ WKH VWDWXV RI PDQ\ V\VWHPV LQFOXGLQJ
7KH JDXJHV DQG PHWHUV SURYLGH LQIRUPDWLRQ WR WKH RS
HQJLQH FRRODQW WHPSHUDWXUH HQJLQH RU WUDQVPLVVLRQ
HUDWRU RQ WKH FRQGLWLRQ RI YDULRXV V\VWHPV *DXJHV PD\
RLO SUHVVXUH RU WHPSHUDWXUH IXHO OHYHO EDWWHU\
EH HLWKHU GLUHFW UHDGLQJ PHFKDQLFDO RU LQGLUHFW HOHFWUL
FXUUHQW DPPHWHU EDWWHU\ YROWDJH YROWPHWHU EDWWHU\
FDO 8QOLNH PHFKDQLFDO JDXJHV HOHFWULFDO JDXJHV KDYH
RU VWDWH RI FKDUJH EDWWHU\ LQGLFDWRUV PRWRU WHPSHU
HOHFWULFDO PHWHUPRYHPHQWV OLJKW HPLWWLQJ GLRGH
DWXUH PRWRU EUXVK ZHDU WUDFWLRQ V\VWHP VWDWXV
/(' RU GLJLWDO GLVSOD\V LQVLGH WKH FDVH 7KHVH PHWHUV
DQG HODSVHG WLPH 6HH ),*85( ),*85(
UHFHLYH DQ HOHFWULFDO VLJQDO IURP D VHQGHU XQLW XVXDOO\ LQ
),*85( ),*85( ),*85( DQG ),*85(
WKH HQJLQH RU WUDQVPLVVLRQ FDVH 7KH LQGLFDWRUV RI HOHF
+RZHYHU HYHU\ WUXFN RU SLHFH RI HTXLSPHQW LV QRW
WULF OLIW WUXFNV UHFHLYH DQ HOHFWULFDO VLJQDO IURP D VHQVRU
HTXLSSHG ZLWK HDFK RQH RI WKHVH PHWHUV
PRWRU WHPSHUDWXUH RU D FRQWURO ERDUG 7KLV VHFWLRQ
RQO\ GHVFULEHV WKH HOHFWULFDO JDXJHV PHWHUV VHQGHUV 127( %DWWHU\ LQGLFWRU PHWHUV XVHG RQ HOHFWULF OLIW
DQG LQVWUXPHQW SDQHO GLVSOD\V *DXJHV ZLOO EH UH WUXFNV DUH GHVFULEHG LQ WKH 650 VHFWLRQ %$77(5<
IHUUHG WR DV PHWHUV ,1',&$7256 650
'(6&5,37,21
*(1(5$/ WDWHV WR VZLQJ WKH QHHGOH ZKHQ FXUUHQW IORZV WKURXJK WKH
PRYHPHQW 7KH PRYHPHQW RSHUDWHV RQ WKH VDPH SULQFL
0DQ\ PHWHUV KDYH PHWHUPRYHPHQWV WKDW PRYH DQ LQGL SOH HOHFWURPDJQHWLF WKDW URWDWHV D PRWRU VKDIW +RZ
FDWLQJ QHHGOH DWWDFKHG WR D VKDIW RU SLQ 7KH VKDIW UR HYHU VKDIW URWDWLRQ RI D PHWHU LV OLPLWHG WR PXFK OHVV
$00(7(5 92/70(7(5
*$8*(6 21 67((5,1*
&2/801
:,5,1* ',$*5$0
+2850(7(5
(1*,1( &22/$17
7(03(5$785( *$8*(
/()7 +$1' $// 81,76 &211(&725 3,1
)8(/ /(9(/ *$8*(
,1',&$725 /,*+76
&211(&725 3,1
&29(5 :,7+ /2*2
5,*+7 +$1' ',(6(/ $1' *$62/,1( 5,*+7 +$1' /3* 32:(5(' 81,76
32:(5(' 81,76
0HWHUV VXFK DV DPPHWHUV YROWPHWHUV DQG VRPH KRXU LQ D WZRIXQFWLRQ ZDUQLQJ OLJKW LQ WKH ORZHU ULJKW SRVL
PHWHUV DUH DEOH WR FRQYHUW WKLV SURSRUWLRQDO FXUUHQW WLRQ
ZLWKLQ WKH PHWHU FDVH 0DQ\ RWKHU PHWHUV DQG GLVSOD\V
UHTXLUH D VHSDUDWH VHQGHU 6HH ),*85( 6HQGHUV FRQ /(' ',63/$< 3$1(/ 6HH ),*85(
YHUW D VSHFLILF SUHVVXUH WHPSHUDWXUH RU IOXLG OHYHO LQWR D 6RPH OLIW WUXFNV KDYH D /LJKW (PLWWLQJ 'LRGH /('
FXUUHQW IORZ WKDW LV GLUHFWO\ UHODWHG WR D JLYHQ YROWDJH ZDUQLQJ GLVSOD\ RQ WKH LQVWUXPHQW SDQHO 6HH
HOHFWULFDO V\VWHP YROWDJH DSSOLHG 6HH ),*85( ),*85( ),*85( DQG ),*85( 7KH IROORZLQJ
SDUDJUDSKV GHVFULEH KRZ WKH FLUFXLW IRU HDFK IXQFWLRQ
RSHUDWHV DQG KRZ WR FKHFN LWV RSHUDWLRQ 7KH /(' ZDUQ
67((5,1* &2/801 *$8*(6 0(7(56 LQJ GLVSOD\ PXVW EH UHSODFHG DV D FRPSOHWH XQLW 7KH
$1' ,1',&$7256 6HH ),*85(
VHQVRUV IRU WKH /(' ZDUQLQJ GLVSOD\ FDQ EH UHSODFHG DV
VHSDUDWH SDUWV
6RPH OLIW WUXFNV XVH D FOXVWHU RI JDXJHV PHWHUV DQG LQGL
FDWRU OLJKWV DW WKH EDVH RI WKH VWHHULQJ FROXPQ 7KH OHIW %DWWHU\ 'LVFKDUJH ,QGLFDWRUV
VLGH LQFOXGHV DQ KRXUPHWHU DQG HQJLQH FRRODQW WHPSHUD ,WHPV DQG RI ),*85(
WXUH JDXJH )RU GLHVHO DQG JDVROLQH XQLWV WKH ULJKW VLGH
127( 6HH WKH 650 VHFWLRQ %$77(5< ,1',&$
KDV D IXHO OHYHO JDXJH %HORZ WKH IXHO OHYHO JDXJH LV D
7256 650 IRU D PRUH FRPSOHWH GHVFULSWLRQ
IRXU IXQFWLRQ LQGLFDWRU WKDW KDV VHSDUDWH ZDUQLQJ LQGLFD
RI WKH RSHUDWLRQ DQG WKH DGMXVWPHQW DQG UHSDLU SURFH
WRUV IRU WKH DOWHUQDWRU HQJLQH DQG WUDQVPLVVLRQ RLO SUHV
GXUHV
VXUH DQG WUDQVPLVVLRQ RLO WHPSHUDWXUH )RU /3* XQLWV
WKH IXHO JDXJH LV UHSODFHG E\ D EH]HO ZLWK WKH +\VWHU HP (DUOLHU XQLWV ZLWKRXW WKH /; FRQWURO FDUG KDYH D EDW
EOHP 7KH LQGLFDWRU ZLWK WKH JDVROLQH SXPS V\PERO ZLOO WHU\ GLVFKDUJH LQGLFDWRU WKDW LV D VFDOH ZLWK D VHULHV RI
QRZ LQGLFDWH ORZ /3* WDQN SUHVVXUH +RZHYHU WKH RS /('V RI GLIIHUHQW FRORUV 7KH /('V LOOXPLQDWH LQ D VH
WLRQDO SUHVVXUH VZLWFK PXVW EH LQVWDOOHG LQ WKH /3* V\V TXHQFH JUHHQ \HOORZ UHG WR LQGLFDWH WKH GLVFKDUJH RI
WHP 7KH LQGLFWRU IRU RLO SUHVVXUH DQG WHPSHUDWXUH RLO WKH EDWWHU\ DV WKH EDWWHU\ YROWDJH GHFUHDVHV GXULQJ RSHU
FOXWFK XQLWV RU SRZHUVKLIW WUDQVPLVVLRQV DUH FRPELQHG DWLRQ 1R PRUH WKDQ WZR /('V DUH LOOXPLQDWHG DW RQH
WZR UHG /('V EHJLQ WR IODVK MXVW EHIRUH WKH OLIW LQWHU
UXSW LV HQDEOHG :KHQ WKH ODVW WZR UHG /('V DUH LOOX
PLQDWHG FRQWLQXRXVO\ WKH FRQWUROOHU IRU WKH EDWWHU\ GLV
FKDUJH LQGLFDWRU VWRSV WKH SRZHU WR WKH K\GUDXOLF SXPS
7KLV DFWLRQ SUHYHQWV WKH OLIW WUXFN IURP OLIWLQJ (QRXJK
EDWWHU\ SRZHU LV QRUPDOO\ DYDLODEOH WR PRYH WKH OLIW
WUXFN WR D EDWWHU\ FKDUJHU RU WR D SODFH ZKHUH D FKDUJHG
EDWWHU\ FDQ EH LQVWDOOHG
5$,6( '5,9( :+((/6
-803(5
%$77(5<
',63/$< 81,7
)285 ',*,7 ',63/$<
)81&7,21 ,1',&$725
67$786 &2'( *5((1 /('
)81&7,21 ,1',&$725
*51 %$77(5< *5((1 /('
*51
%$5(
:+7 )81&7,21 ,1',&$725 +285
5('
0(7(5 *5((1 /('
02817 )25 ',63/$< 81,7
,167580(17 3$1(/
&211(&725 )25 02725
&21752//(5 75$&7,21
&211(&725 )25 02725
75$&7,21 &$5' 3/8* 21/< &21752//(5 /,)7 3803
72 &21752/ &$5' 3/8* <
%27720
9,(:
',63/$< 81,7
%586+ :($5 ,1',&$725 +<'5$8/,& 02725
<(//2: /(' 3,1 &211(&725 :,5,1*
7(03(5$785( $/$50 +<'5$8/,& 02725 5(' /('
3,1 :,5( &211(&7,21)81&7,21
7(03(5$785( $/$50 5(' /(' 12 12
,//80,1$7(6 :,7+ ,7(0 25 7UDFWLRQ 0RWRU 7HPSHUDWXUH
7(03(5$785( $/$50 75$&7,21 02725 5(' /(' 3XPS 0RWRU 7HPSHUDWXUH
%586+ :($5 ,1',&$725 75$&7,21 02725 7UDFWLRQ 0RWRU %UXVK $ :HDU
<(//2: /(' 7UDFWLRQ 0RWRU %UXVK % :HDU
67$786 &2'( )81&7,21 ,1',&$725 *5((1 /(' 3XPS 0RWRU %UXVK $ :HDU
+285 0(7(5 )81&7,21 ,1',&$725 *5((1 /(' 3XPS 0RWRU %UXVK % :HDU
)285 ',*,7 ',63/$< 1RW 8VHG
%$77(5< )81&7,21 ,1',&$725 *5((1 /(' %DWWHU\ 1HJDWLYH
&211(&725 +<'5$8/,& 3803 &$5' %DWWHU\ 3RVLWLYH )URP .H\ 6ZLWFK
&211(&725 75$&7,21 &$5'
3,1 02725 &211(&725
),*85( ,7: ,167580(17 3$1(/ ',63/$< (;/
/; 6(5,(6 ',63/$< 3$1(/
:$51,1* 6HH ),*85( DQG ),*85(
/LIW WUXFN PRYHPHQW FDQ FDXVH DQ LQMXU\ RU GDPDJH
5DLVH WKH GULYH ZKHHOV IURP WKH IORRU WR SUHYHQW OLIW :$51,1*
WUXFN PRYHPHQW 8VH WKH FRUUHFW SURFHGXUH LQ WKH 6RPH DGMXVWPHQWV FDQ FDXVH WKH OLIW WUXFN WR RSHUDWH
2SHUDWLQJ 0DQXDO RU WKH VHFWLRQ 3(5,2',& GLIIHUHQWO\ WKDQ QRUPDO 7KLV GLIIHUHQW RSHUDWLRQ RI
0$,17(1$1&( RI WKH 6HUYLFH 0DQXDO WR UDLVH WKH WKH WUXFN FDQ UHVXOW LQ SHUVRQDO LQMXU\ RU GDPDJH 'R
GULYH ZKHHOV 127 WU\ WR PDNH DGMXVWPHQWV IRU WKH LQVWUXPHQW
SDQHO GLVSOD\ ZLWKRXW XVLQJ WKH SURFHGXUHV LQ WKH
VHFWLRQ (9 /; 6(5,(6 ',$*1267,&
7KH RSHUDWLRQ RI WKH PRWRU WHPSHUDWXUH LQGLFDWRUV FDQ
02725 &21752//(5 $1' +$1' 6(7
EH FKHFNHG GXULQJ SHULRGLF PDLQWHQDQFH 7KH EDWWHU\ 650
PXVW EH UHPRYHG IURP WKH OLIW WUXFN IRU DFFHVV WR WKH PR
WRUV 6HH ),*85( 7KHUH DUH WZR LQVWUXPHQW SDQHO GLVSOD\V XVHG RQ VRPH
HOHFWULF OLIW WUXFNV WKDW KDYH WKH (9 /; VH
ULHV FRQWURO FDUGV %RWK LQVWUXPHQW SDQHO GLVSOD\V DUH
8VH D MXPSHU FDEOH VR WKDW WKH EDWWHU\ FDQ EH FRQQHFWHG
VKRZQ LQ ),*85( DQG ),*85( 7KHVH LQVWUXPHQW
DQG VWLOO KDYH PRWRU DFFHVV 'LVFRQQHFW WKH VHQVRU ZLUHV
SDQHO GLVSOD\V DUH RSWLRQDO RQ VRPH HOHFWULF OLIW WUXFNV
IURP WKH RXWVLGH RI WKH PRWRU FDVH 7RXFK WKH HQGV RI WKH
ZLWK WKH (9 RU (9 /; VHULHV PRWRU FRQWURO
VHQVRU ZLUHV WRJHWKHU 7KH /(' LQGLFDWRU ZLOO LOOXPL
OHU
QDWH LI WKH FLUFXLW LV RSHUDWLQJ FRUUHFWO\ 7KH WKHUPDO
VZLWFK FDQ EH UHSODFHG LI LW KDV D PDOIXQFWLRQ +RZHYHU 7KH HDUO\ XQLW KDV D IRXU GLJLW GLVSOD\ DQG WKUHH /('
WKH PRWRU PXVW EH GLVDVVHPEOHG WR UHSODFH WKH WKHUPDO IXQFWLRQ LQGLFDWRUV 7KH LQGLFDWRUV VKRZ ZKLFK IXQFWLRQ
VZLWFK YDOXH LV GLVSOD\HG E\ WKH GLJLWV 1RW DOO IXQFWLRQV DUH
DYDLODEOH RQ DOO OLIW WUXFN PRGHOV )ROORZLQJ LV D OLVW RI 7KLV EDWWHU\ LQGLFDWRU XVHV WKH WUDFWLRQ FRQWURO VKXQW WR
WKH IXQFWLRQV %DWWHU\ ,QGLFDWRU 6WDWXV &RGHV 7UDFWLRQ PHDVXUH WKH FXUUHQW GXULQJ RSHUDWLRQ 7KLV FXUUHQW DQG
+RXUPHWHU DQG 3XPS +RXUPHWHU /DWHU XQLWV KDYH WKH EDWWHU\ YROWDJH DUH FKHFNHG DW WKH VDPH WLPH IRU DQ DFFX
VDPH GLJLWDO GLVSOD\ DQG WKH VDPH IXQFWLRQ LQGLFDWRUV UDWH UHDGLQJ RI EDWWHU\ YROWDJH ZLWK D ORDG GXULQJ XVH
ZLWK WKH DGGLWLRQDO PRWRU EUXVK ZHDU LQGLFDWRU DQG WHP 7KLV PHWKRG RI FKHFNLQJ YROWDJH DQG FXUUHQW LV PXFK
SHUDWXUH DODUP LQGLFDWRU /('V PRUH DFFXUDWH WKDQ RWKHU PHWKRGV XVHG E\ EDWWHU\ LQGL
FDWRUV RQ HDUOLHU OLIW WUXFNV 7KLV PHWKRG DOORZV PRUH XV
7KH IROORZLQJ SDUDJUDSKV GHVFULEH KRZ WKH FLUFXLW IRU
DJH RI WKH EDWWHU\ /LIW WUXFN RSHUDWLRQ FDQ EH GLIIHUHQW
HDFK IXQFWLRQ RSHUDWHV 7KH GLVSOD\ SDQHO PXVW EH UH
WKDQ ZLWK RWKHU EDWWHU\ LQGLFDWRUV ZKHQ D EDWWHU\ LV ORZ
SODFHG DV D FRPSOHWH XQLW 7KH VHQVRUV IRU EUXVK ZHDU
RU D GLIIHUHQW EDWWHU\ LV FRQQHFWHG
DQG PRWRU WHPSHUDWXUH FDQ EH UHSODFHG DV VHSDUDWH SDUWV
7KH EDWWHU\ LQGLFDWRU IXQFWLRQ VKRZV WKH EDWWHU\ FKDUJH
7KH GLJLWV VKRZ WKH RSHUDWLQJ KRXUV ZKHQ WKH KRXUPHWHU
E\ WKH QXPEHUV EHWZHHQ DQG 7KH GLJLWDO GLVSOD\
IXQFWLRQ LQGLFDWRU LV 21 :KHQ WKH EDWWHU\ LQGLFDWRU LV
ZLOO IODVK ZKHQ WKH GLVSOD\ UHDGV $W D GLVSOD\ RI
21 WKH GLJLWV VKRZ WKH FKDUJH FRQGLWLRQ RI WKH EDWWHU\
GLVFKDUJHG WKH FRQWURO ZLOO GLVDEOH WKH OLIW SXPS
6HH ),*85( DQG ),*85( 7KH VWDWXV FRGH LQGLFD
FLUFXLW $IWHU WKH FLUFXLW KDV GLVDEOHG WKH OLIW SXPS
WRU LV 21 ZKHQ WKH GLJLWV VKRZ WKH VWDWXV FRGH QXPEHU
FKDUJH RU FKDQJH WKH EDWWHU\
7KH EUXVK ZHDU RU WHPSHUDWXUH DODUP LQGLFDWRUV RI WKH
ODWHU XQLWV ZLOO EH 21 LI WKH WUDFWLRQ RU SXPS PRWRU 7KH FRQWURO DOVR FKHFNV WKH EDWWHU\ YROWDJH HDFK WLPH D
EUXVKHV DUH WRR ZRUQ RU WKH PRWRU LV WRR KRW 5HIHU WR WKH EDWWHU\ LV FRQQHFWHG 7KH WUDFWLRQ FRQWURO ZLOO SUHYHQW
GHVFULSWLRQV %UXVK :HDU ,QGLFDWRUV DQG 0RWRU 7HP OLIW WUXFN RSHUDWLRQ LI WKH EDWWHU\ YROWDJH LV QRW FRUUHFW DV
SHUDWXUH ,QGLFDWRUV IRU D FRPSOHWH GHVFULSWLRQ RI WKH VHW E\ WKH WUDFWLRQ IXQFWLRQ RI WKH FRQWURO FDUG $ VWDWXV
RSHUDWLRQ RI WKHVH LQGLFDWRUV FRGH RI YROWDJH WRR KLJK RU YROWDJH WRR ORZ
ZLOO VKRZ RQ WKH LQVWUXPHQW SDQHO GLVSOD\ 7KH EDWWHU\
+RXUPHWHU )XQFWLRQV FDQ KDYH D YROWDJH WKDW LV WRR KLJK RU WRR ORZ $ EDWWHU\
7KH KRXUPHWHU IXQFWLRQ RQ WKH LQVWUXPHQW SDQHO GLVSOD\ ZLWK WKH FRUUHFW YROWDJH FDQ DOVR EH RYHU GLVFKDUJHG
LV FRQWUROOHG E\ WKH (9 /; VHULHV FRQWURO IURP XVH RU RWKHU UHDVRQV DQG KDYH D YROWDJH WKDW LV OHVV
FDUG 7KHUH FDQ EH D GLVSOD\ IRU WKH RSHUDWLQJ WLPH RI WKH WKDQ WKH PLQLPXP YROWDJH UDQJH
WUDFWLRQ FLUFXLW 2Q VRPH XQLWV WKHUH FDQ DOVR EH D GLV
6WDWXV &RGH )XQFWLRQ
SOD\ IRU WKH RSHUDWLQJ WLPH RI WKH SXPS FLUFXLW 2QO\
WKRVH XQLWV WKDW KDYH WKH (9/;3 SXPS FRQWURO 7KH VWDWXV FRGHV DUH FRGH QXPEHUV IRU GLIIHUHQW V\PS
FDUG FDQ KDYH WKH RSWLRQDO SXPS KRXUPHWHU IXQFWLRQ WRPV WKDW WKH FRQWURO FDUG FDQ VHQVH 7KH FRQWURO FDUG
ZLOO VKRZ WKLV FRGH QXPEHU RQ WKH GLJLWDO GLVSOD\ 7KH
7KH LQVWUXPHQW SDQHO GLVSOD\ VKRZV WKH RSHUDWLQJ WLPH FRQWURO FDUG ZLOO IODVK WKH VWDWXV FRGH RQ WKH GLVSOD\ (Y
RI WR KRXUV 7KH WUDFWLRQ WLPH LV GLVSOD\HG IRU HU\ WKLUG GLVSOD\ ZLOO VKRZ WKH EDWWHU\ FKDUJH LQVWHDG RI
IRXU VHFRQGV DIWHU WKH OLIW WUXFN KDV EHHQ RSHUDWLQJ DQG WKH VWDWXV FRGH
WKH NH\ LV WXUQHG WR WKH 2)) SRVLWLRQ ,I WKHUH LV D SXPS
KRXUPHWHU WKH SXPS WLPH ZLOO QRZ EH GLVSOD\HG IRU 127( 6HH WKH VHFWLRQ (9 /; 6(5,(6
DQRWKHU IRXU VHFRQGV ',$*1267,& 02725 &21752//(5 $1'
+$1' 6(7 650 IRU D GHVFULSWLRQ RI WKH GLI
%DWWHU\ ,QGLFDWRU )XQFWLRQ IHUHQW VWDWXV FRGH GLVSOD\V
127( 6HH WKH 650 VHFWLRQ %$77(5< ,1',&$ =; 6(5,(6 ',63/$< 3$1(/6
7256 650 IRU D PRUH FRPSOHWH GHVFULSWLRQ 6HH ),*85( DQG ),*85(
RI WKH RSHUDWLRQ DQG WKH DGMXVWPHQW DQG UHSDLU SURFH
GXUHV :$51,1*
6RPH DGMXVWPHQWV FDQ FDXVH WKH OLIW WUXFN WR RSHUDWH
7KH EDWWHU\ LQGLFDWRU UHDGLQJ LV GLVSOD\HG RQ WKH IRXU GLIIHUHQWO\ WKDQ QRUPDO 7KLV GLIIHUHQW RSHUDWLRQ RI
GLJLW GLVSOD\ ZKHQ WKH JUHHQ IXQFWLRQ LQGLFDWRU DERYH WKH WUXFN FDQ UHVXOW LQ SHUVRQDO LQMXU\ RU GDPDJH 'R
WKH EDWWHU\ V\PERO LV 21 6HH ),*85( DQG 127 WU\ WR PDNH DGMXVWPHQWV IRU WKH LQVWUXPHQW
),*85( SDQHO GLVSOD\ ZLWKRXW XVLQJ WKH SURFHGXUHV LQ WKH
VHFWLRQ (9=; 02725 &21752//(5 %DVLF 'LVSOD\ 3DQHOV
3DUDPHWHU 7DEOHV 650 7KH (9 =; 6HULHV PRWRU FRQWUROOHU FDQ KDYH WZR
%DVLF GLVSOD\ SDQHOV WKDW LQFOXGH RQH RI WZR W\SHV RI
'LVSOD\ 3DQHO %DWWHU\ ,QGLFDWRUV
($5/< ',63/$< 3$1(/
7KHUH DUH WZR GLVSOD\ SDQHOV DYDLODEOH RQ OLIW WUXFNV ZLWK :KHQ WKH NH\ LV WXUQHG WR WKH 21 SRVLWLRQ D VWDUW SUR
WKH (9=; 6&5 PRWRU FRQWUROOHU 7KH OLIW WUXFNV JUDP ZLOO FDXVH HDFK ZDUQLQJ OLJKW WR LOOXPLQDWH WR VKRZ
FDQ RQO\ KDYH RQH RI WKH WZR GLVSOD\ SDQHOV WKDW WKH IXQFWLRQ LV RSHUDWLQJ 7KLV ODWHU GLVSOD\ SDQHO
KDV WKH IROORZLQJ IXQFWLRQV
D EDVLF GLVSOD\ WKDW JLYHV WKH RSHUDWRU EDVLF LQ +RXUPHWHU 7KH KRXUPHWHU GLVSOD\ VKRZV WKH
IRUPDWLRQ DERXW WKH RSHUDWLRQ RI WKH OLIW WUXFN RSHUDWLQJ WLPH RI WR KRXUV 7KH WLPH
IRU WKH WUDFWLRQ FLUFXLW LV VKRZQ IRU IRXU VHFRQGV
D SHUIRUPDQFH GLVSOD\ WKDW LQFOXGHV GLDJQRVWLF DIWHU WKH OLIW WUXFN KDV EHHQ RSHUDWLQJ DQG WKH NH\
FDSDELOLWLHV VLPLODU WR WKH +DQG 6HW LV WXUQHG WR WKH 2)) SRVLWLRQ
%$77(5< 0(7(5
3$5.,1* %5$.( ,1',&$725
%5$.( )/8,' 722 /2: ,1',&$725
6($7 %(/7 ,1',&$725
%$77(5< ',6&+$5*(
,1',&$725
3$5.,1* %5$.( 6<0%2/
$1' /('
)$67(1 6($7 %(/7
6<0%2/ $1' /('
',*,7$/ ',63/$<
5
9ROWPHWHU 7KH HDUOLHU %DVLF 'LVSOD\ 3DQHO KDV D FKDUJHV GXULQJ RSHUDWLRQ WKH /('V LOOXPLQDWH
EDWWHU\ LQGLFDWRU ZLWKRXW OLIW LQWHUUXSW YROW IURP WRS WR ERWWRP JUHHQ WR UHG 7KH UHG /('
PHWHU 7KLV PHWHU KDV D JUHHQ \HOORZ DQG UHG LQGLFDWHV WKDW WKH EDWWHU\ LV GLVFKDUJHG 7KH EDW
EDQG RQ WKH PHWHU IDFH WR LQGLFDWH WKH YROWDJH RI WHU\ PXVW EH FKDUJHG RU D FKDUJHG EDWWHU\ PXVW EH
WKH EDWWHU\ 7KH QHHGOH VWDUWV LQ WKH JUHHQ EDQG LQVWDOOHG EHIRUH OLIW WUXFN RSHUDWLRQ FDQ FRQWLQXH
ZLWK D IXOO\ FKDUJHG EDWWHU\ DQG PRYHV WR WKH UHG 7KH EDWWHU\ FKDUJH LQGLFDWRU XVHV WKH WUDFWLRQ
EDQG DV WKH EDWWHU\ GLVFKDUJHV 7KH EDWWHU\ PXVW FRQWURO VKXQW WR PHDVXUH WKH FXUUHQW GXULQJ RS
KDYH D FXUUHQW GUDZ ORDG WR FKHFN WKH EDWWHU\ HUDWLRQ 7KLV FXUUHQW DQG EDWWHU\ YROWDJH DUH
FKDUJH +ROG WKH WLOW OHYHU LQ WKH WLOW %$&.:$5' FKHFNHG DW WKH VDPH WLPH IRU DQ DFFXUDWH UHDGLQJ
SRVLWLRQ RU IRU WKH 1;0+ KROG WKH URWDWH OHYHU RI EDWWHU\ YROWDJH ZLWK D ORDG GXULQJ XVH 7KLV
LQ WKH 527$7( SRVLWLRQ DQG ORRN DW WKH LQGLFDWRU PHWKRG FDQ PDNH RSHUDWLRQ RI WKH OLIW WUXFN GLI
,I WKH QHHGOH LV LQ WKH UHG EDQG FKDUJH WKH EDWWHU\ IHUHQW ZKHQ WKH EDWWHU\ LV ORZ RU D GLIIHUHQW EDW
2SHUDWLQJ WKH OLIW WUXFN ZLWK WKH QHHGOH LQ WKH UHG WHU\ LV FRQQHFWHG 7KLV PHWKRG SHUPLWV EHWWHU XVH
EDQG FDQ GHFUHDVH EDWWHU\ OLIH &RQWLQXHG RSHUD RI WKH EDWWHU\ FKDUJH
WLRQ ZLWK D GLVFKDUJHG EDWWHU\ FDQ GDPDJH WKH 7KH FRQWUROOHU DOVR FKHFNV WKH EDWWHU\ YROWDJH
EDWWHU\ PRWRUV RU WKH FRQWDFWRUV HDFK WLPH D EDWWHU\ LV FRQQHFWHG 7KH WUDFWLRQ
:DUQLQJ OLJKW SDUNLQJ EUDNH LQGLFDWRU 7KH FRQWURO ZLOO SUHYHQW OLIW WUXFN RSHUDWLRQ LI WKH EDW
WHU\ YROWDJH LV QRW FRUUHFW DV VHW E\ WUDFWLRQ IXQF
UHG OLJKW LV 21 ZKHQ WKH SDUNLQJ EUDNH LV DSSOLHG
WLRQ $ VWDWXV FRGH RI YROWDJH WRR KLJK RU
DQG WKH VHDW VZLWFK LV FORVHG DQG JRHV 2)) ZKHQ
YROWDJH WRR ORZ ZLOO LQGLFDWH RQ WKH GLVSOD\
WKH SDUNLQJ EUDNH LV UHOHDVHG
SDQHO 7KH EDWWHU\ FDQ KDYH D YROWDJH WKDW LV WRR
:DUQLQJ OLJKW EUDNH IOXLG UHVHUYRLU LV ORZ KLJK RU WRR ORZ $ EDWWHU\ ZLWK WKH FRUUHFW YROWDJH
(DUO\ 2QO\ 7KH UHG OLJKW LV 21 IRU RQH VHFRQG FDQ DOVR EH GHHSO\ GLVFKDUJHG IURP XVH RU RWKHU
ZKHQ WKH NH\ LV WXUQHG WR WKH 67$57 SRVLWLRQ UHDVRQV DQG KDYH D YROWDJH WKDW LV OHVV WKDQ WKH
DQG PXVW JR 2)) DIWHU RQH VHFRQG ,I WKH ZDUQLQJ PLQLPXP RI WKH YROWDJH UDQJH
OLJKW LV 21 GXULQJ RSHUDWLRQ WKH EUDNH IOXLG OHYHO %DWWHULHV WKDW KDYH GLIIHUHQW DPSHUH KRXU UDWLQJV
LQ WKH UHVHUYRLU LV WRR ORZ RU DUH RI GLIIHUHQW DJHV FDQ VRPHWLPHV EH XVHG LQ
:DUQLQJ OLJKW IDVWHQ VHDW EHOW 7KH UHG OLJKW LV WKH VDPH OLIW WUXFN ,W FDQ EH QHFHVVDU\ WR DGMXVW
21 IRU HLJKW WR WHQ VHFRQGV DIWHU WKH NH\ LV WXUQHG WUDFWLRQ )XQFWLRQ VR WKDW WKH ZHDNHVW EDWWHU\ LV
WR WKH 21 SRVLWLRQ QRW GDPDJHG )ROORZ WKH SURFHGXUH IRU DGMXVWLQJ
WUDFWLRQ )XQFWLRQ LQ WKH &KHFNV $QG $GMXVW
/$7(5 ',63/$< 3$1(/ PHQWV
:DUQLQJ OLJKW SDUNLQJ EUDNH LQGLFDWRU 7KH
:KHQ WKH NH\ LV WXUQHG WR WKH 21 SRVLWLRQ D VWDUW SUR UHG OLJKW LV 21 ZKHQ WKH SDUNLQJ EUDNH LV DSSOLHG
JUDP ZLOO FDXVH HDFK ZDUQLQJ OLJKW WR LOOXPLQDWH WR VKRZ DQG WKH VHDW VZLWFK LV FORVHG DQG JRHV 2)) ZKHQ
WKDW WKH IXQFWLRQ LV RSHUDWLQJ 7KLV ODWHU GLVSOD\ SDQHO WKH SDUNLQJ EUDNH LV UHOHDVHG
KDV WKH IROORZLQJ IXQFWLRQV
:DUQLQJ OLJKW IDVWHQ VHDW EHOW 7KH UHG OLJKW LV
%DWWHU\ &KDUJH ,QGLFDWRU :LWK /LIW ,QWHUUXSW 21 IRU HLJKW WR WHQ VHFRQGV DIWHU WKH NH\ LV WXUQHG
/DWHU %DVLF GLVSOD\ SDQHOV KDYH D EDWWHU\ LQGLFD WR WKH 21 SRVLWLRQ
WRU WKDW LV D VFDOH ZLWK D VHULHV RI URXQG /('V LQ 'LJLWDO 'LVSOD\ 7KLV LQGLFDWRU LV EODQN ZKHQ WKH
WKUHH FRORUV JUHHQ RUDQJH UHG 6HH ),*85( OLIW WUXFN LV RSHUDWLQJ FRUUHFWO\ 7KH VWDWXV FRGHV
7KHUH DUH WZR JUHHQ /('V DQG EDUV DW WKH WRS WZR DQG WKH KRXUPHWHU YDOXHV DUH VKRZQ RQ WKLV IRXU
RUDQJH /('V DQG EDUV LQ WKH FHQWHU DQG D UHG /(' GLJLW /&' GLVSOD\ :KHQ D IDXOW RFFXUV WKH VWDWXV
DQG EDU DW WKH ERWWRP $V WKH EDWWHU\ YROWDJH GH FRGH ZLOO EH VKRZQ ZLWK D GDVK LQ WKH OHIW GLJLW
FUHDVHV GXULQJ RSHUDWLRQ GLIIHUHQW /('V LOOXPL SRVLWLRQ 7KH ZDUQLQJ OLJKW 6HUYLFH ,QWHUYDO
QDWH WR LQGLFDWH D GLVFKDUJHG EDWWHU\ 1R PRUH ZLOO DOVR EH LOOXPLQDWHG ZKHQ D IDXOW RFFXUV
WKDQ WZR /('V DUH LOOXPLQDWHG DW RQH WLPH :KHQ :KHQ LW LV WLPH IRU SHULRGLF PDLQWHQDQFH WKH
WKH EDWWHU\ LV IXOO\ FKDUJHG WKH WZR JUHHQ /('V ZDUQLQJ OLJKW 6HUYLFH ,QWHUYDO ZLOO EH LOOX
RI WKH VFDOH DUH LOOXPLQDWHG :KHQ WKH EDWWHU\ GLV PLQDWHG DQG D VWDWXV FRGH ZLOO EH LQGLFDWHG
7KH UHJLVWHU LQ WKH FRQWUROOHU FDUG PXVW EH UHVHW 7KH FRQWUROOHU DOVR FKHFNV WKH EDWWHU\ YROWDJH
E\ WKH VHUYLFH SHUVRQ EHIRUH WKLV ZDUQLQJ OLJKW HDFK WLPH D EDWWHU\ LV FRQQHFWHG 7KH WUDFWLRQ
ZLOO JR 2)) FRQWURO ZLOO SUHYHQW OLIW WUXFN RSHUDWLRQ LI WKH EDW
7KH KRXUPHWHU GLVSOD\ VKRZV WKH RSHUDWLQJ WLPH WHU\ YROWDJH LV QRW FRUUHFW DV VHW E\ WUDFWLRQ IXQF
RI WR KRXUV 7KH WLPH IRU WKH WUDFWLRQ WLRQ $ VWDWXV FRGH RI YROWDJH WRR KLJK RU
FLUFXLW LV VKRZQ IRU IRXU VHFRQGV DIWHU WKH OLIW YROWDJH WRR ORZ ZLOO LQGLFDWH RQ WKH GLVSOD\
WUXFN KDV EHHQ RSHUDWLQJ DQG WKH NH\ LV WXUQHG WR SDQHO 7KH EDWWHU\ FDQ KDYH D YROWDJH WKDW LV WRR
WKH 2)) SRVLWLRQ 7KH LQGLFDWRU OLJKWV IRU WKH KLJK RU WRR ORZ $ EDWWHU\ ZLWK WKH FRUUHFW YROWDJH
WUDFWLRQ PRWRU DQG IRU WKH KRXUPHWHU ZLOO FDQ DOVR EH GHHSO\ GLVFKDUJHG IURP XVH RU RWKHU
DOVR EH LOOXPLQDWHG GXULQJ WKLV WLPH ,I WKHUH LV DQ UHDVRQV DQG KDYH D YROWDJH WKDW LV OHVV WKDQ WKH
6&5 FRQWURO FDUG IRU WKH K\GUDXOLF SXPS PRWRU PLQLPXP RI WKH YROWDJH UDQJH
WKLV WLPH ZLOO WKHQ EH VKRZQ RQ WKH KRXUPHWHU IRU %DWWHULHV WKDW KDYH GLIIHUHQW DPSHUH KRXU UDWLQJV
DQRWKHU IRXU VHFRQGV 7KH LQGLFDWRU OLJKWV IRU WKH RU DUH RI GLIIHUHQW DJHV FDQ VRPHWLPHV EH XVHG LQ
K\GUDXOLF PRWRU DQG IRU WKH KRXUPHWHU WKH VDPH OLIW WUXFN ,W FDQ EH QHFHVVDU\ WR DGMXVW
ZLOO DOVR EH LOOXPLQDWHG GXULQJ WKLV WLPH WUDFWLRQ )XQFWLRQ VR WKDW WKH ZHDNHVW EDWWHU\ LV
QRW GDPDJHG )ROORZ WKH SURFHGXUH IRU DGMXVWLQJ
3HUIRUPDQFH 'LVSOD\ 6HH ),*85( WUDFWLRQ IXQFWLRQ LQ WKH &KHFNV $QG $GMXVW
PHQWV
:KHQ WKH NH\ LV WXUQHG WR WKH 21 SRVLWLRQ D VWDUW SUR 'LJLWDO 'LVSOD\ 7KLV LQGLFDWRU LV EODQN ZKHQ WKH
JUDP ZLOO FDXVH HDFK ZDUQLQJ DQG LQGLFDWRU OLJKW WR LOOX OLIW WUXFN LV RSHUDWLQJ FRUUHFWO\ 7KH VWDWXV FRGHV
PLQDWH WR VKRZ WKDW WKH IXQFWLRQ LV RSHUDWLQJ 7KH IXQF DQG WKH KRXUPHWHU YDOXHV DUH VKRZQ RQ WKLV IRXU
WLRQV DQG RSHUDWLRQ RI WKH LQGLFDWRUV IRU WKHVH HDUO\ DQG GLJLW /&' GLVSOD\ :KHQ D IDXOW RFFXUV WKH VWDWXV
ODWHU GLVSOD\ SDQHOV LV WKH VDPH 7KHVH GLVSOD\ SDQHOV FRGH ZLOO EH VKRZQ ZLWK D GDVK LQ WKH OHIW GLJLW
KDYH WKH IROORZLQJ IXQFWLRQV SRVLWLRQ 7KH ZDUQLQJ OLJKW 6HUYLFH ,QWHUYDO
%DWWHU\ &KDUJH ,QGLFDWRU :LWK /LIW ,QWHUUXSW ZLOO DOVR EH LOOXPLQDWHG ZKHQ D IDXOW RFFXUV
7KLV EDWWHU\ FKDUJH LQGLFDWRU VKRZV WKH EDWWHU\ 7KH KRXUPHWHU GLVSOD\ VKRZV WKH RSHUDWLQJ WLPH
FKDUJH ZLWK DQ /(' EDU JUDSK 7KHUH DUH IRXU RI WR KRXUV 7KH WLPH IRU WKH WUDFWLRQ
JUHHQ EDUV IRXU RUDQJH EDUV DQG WZR UHG EDUV FLUFXLW LV VKRZQ IRU IRXU VHFRQGV DIWHU WKH OLIW
:KHQ WKH EDWWHU\ LV GLVFKDUJHG GXULQJ RSHUDWLRQ WUXFN KDV EHHQ RSHUDWLQJ DQG WKH NH\ LV WXUQHG WR
WKH /(' EDU WKDW LV LOOXPLQDWHG GHFUHDVHV VHTXHQ
WKH 2)) SRVLWLRQ 7KH LQGLFDWRU OLJKWV IRU WKH
WLDOO\ IURP WKH WRS JUHHQ EDU WKURXJK WKH RUDQJH
WUDFWLRQ PRWRU DQG IRU WKH KRXUPHWHU ZLOO
EDUV WR WKH UHG EDUV :KHQ WKH EDWWHU\ LV GLV
DOVR EH LOOXPLQDWHG GXULQJ WKLV WLPH ,I WKHUH LV DQ
FKDUJHG WR WKH UHG /(' EDUV WKH EDWWHU\ LV
GLVFKDUJHG DQG WKH OLIW LQWHUUXSW IXQFWLRQ ZLOO QRW 6&5 FRQWURO FDUG IRU WKH K\GUDXOLF SXPS PRWRU
SHUPLW RSHUDWLRQ RI WKH K\GUDXOLF PRWRU 7KH EDW WKLV WLPH ZLOO WKHQ EH VKRZQ RQ WKH KRXUPHWHU IRU
WHU\ PXVW EH FKDUJHG RU D FKDUJHG EDWWHU\ PXVW EH DQRWKHU IRXU VHFRQGV 7KH LQGLFDWRU OLJKWV IRU WKH
LQVWDOOHG EHIRUH OLIW WUXFN RSHUDWLRQ FDQ FRQWLQXH K\GUDXOLF PRWRU DQG IRU WKH KRXUPHWHU
7KH WRS JUHHQ EDU ZLOO EH LOOXPLQDWHG ZKHQ WKH ZLOO DOVR EH LOOXPLQDWHG GXULQJ WKLV WLPH
EDWWHU\ LV PRUH WKDQ FKDUJHG :DUQLQJ /LJKW )DVWHQ 6HDW %HOW 7KH UHG OLJKW
7KH EDWWHU\ FKDUJH LQGLFDWRU XVHV WKH WUDFWLRQ LV 21 IRU HLJKW WR WHQ VHFRQGV DIWHU WKH NH\ LV
FRQWURO VKXQW WR PHDVXUH WKH FXUUHQW GXULQJ RS WXUQHG WR WKH 21 SRVLWLRQ
HUDWLRQ 7KLV FXUUHQW DQG EDWWHU\ YROWDJH DUH :DUQLQJ /LJKW %UDNH )OXLG 5HVHUYRLU ,V /RZ
FKHFNHG DW WKH VDPH WLPH IRU DQ DFFXUDWH UHDGLQJ (DUO\ 2QO\ 7KH UHG OLJKW LV 21 IRU RQH VHFRQG
RI EDWWHU\ YROWDJH ZLWK D ORDG GXULQJ XVH 7KLV ZKHQ WKH NH\ LV WXUQHG WR WKH 67$57 SRVLWLRQ
PHWKRG FDQ PDNH RSHUDWLRQ RI WKH OLIW WUXFN GLI DQG PXVW JR 2)) ZKHQ WKH NH\ LV LQ WKH 21 SRVL
IHUHQW ZKHQ WKH EDWWHU\ LV ORZ RU D GLIIHUHQW EDW WLRQ ,I WKH ZDUQLQJ OLJKW LV 21 ZKHQ WKH NH\ LV LQ
WHU\ LV FRQQHFWHG 7KLV PHWKRG SHUPLWV EHWWHU XVH WKH 21 SRVLWLRQ WKH EUDNH IOXLG OHYHO LQ WKH UHVHU
RI WKH EDWWHU\ FKDUJH YRLU LV WRR ORZ
:DUQLQJ /LJKW 3DUNLQJ %UDNH ,QGLFDWRU 7KH WLRQ DYDLODEOH WR WKH RSHUDWRU D VHUYLFH SHUVRQ FDQ
UHG OLJKW LV 21 ZKHQ WKH SDUNLQJ EUDNH LV DSSOLHG VHW DOO IRXU OHYHOV WR WKH VDPH VHWWLQJ (DFK WLPH
DQG WKH VHDW VZLWFK LV FORVHG DQG JRHV 2)) ZKHQ WKH RSHUDWRU SXVKHV WKH EXWWRQ SHUIRUPDQFH
WKH SDUNLQJ EUDNH LV UHOHDVHG OHYHO ZLOO LQFUHDVH E\ RQH VWHS $W WKH PD[LPXP
UDEELW OHYHO WKH SHUIRUPDQFH OHYHOV ZLOO EHJLQ
$ ZDUQLQJ EX]]HU ZLOO PDNH D QRLVH LI WKH RSHUD
DW WKH ORZHVW WXUWOH OHYHO DJDLQ 7KH IRXU SHUIRU
WRU OHDYHV WKH VHDW NH\ PRYHG WR 21 SRVLWLRQ
PDQFH OHYHOV VHW E\ WKH PDQXIDFWXUHU DUH
DQG WKH SDUNLQJ EUDNH LV QRW DSSOLHG
/RZ SHUIRUPDQFH IRU KDQGOLQJ IUDJLOH
,QGLFDWRU /LJKW 6WHHULQJ 3XPS 0RWRU 7KLV ORDGV
OLJKW ZLOO LOOXPLQDWH ZLWK DQRWKHU ZDUQLQJ OLJKW LI 0HGLXP VSHHG IRU OHVV FRQVXPSWLRQ RI
D IDXOW RFFXUV LQ WKH VWHHULQJ SXPS PRWRU ,I WKH EDWWHU\ FKDUJH GXULQJ D ZRUN VKLIW
EUXVK ZHDU VHQVRU LV DFWLYDWHG LQ WKH PRWRU WKH +LJKHU SHUIRUPDQFH ZLWK KLJKHU
ZDUQLQJ OLJKW EUXVK ZHDU ZLOO JR 21 DQG WKH FRQVXPSWLRQ RI EDWWHU\ FKDUJH GXULQJ D
LQGLFDWRU OLJKW IRU WKH VWHHULQJ SXPS PRWRU ZLOO ZRUN VKLIW
VKRZ ZKLFK PRWRU KDV WKH SUREOHP 0D[LPXP OLIW WUXFN SHUIRUPDQFH ZLWK
PD[LPXP FRQVXPSWLRQ RI EDWWHU\ FKDUJH
:DUQLQJ /LJKW 0RWRU %UXVKHV $UH :RUQ
:KHQ WKH VHQVRU IRU EUXVK ZHDU FORVHV WKLV ZDUQ 7KH SHUIRUPDQFH VHWWLQJV FDQ EH PDGH ZLWK HL
LQJ OLJKW DQG WKH LQGLFDWRU OLJKW IRU WKH PRWRU WKDW WKHU WKH 3& RU WKH +DQG 6HW )XQFWLRQV DQG
KDV WKH SUREOHP ZLOO ERWK LOOXPLQDWH
,QGLFDWRU /LJKW 7UDFWLRQ 0RWRU 7KLV OLJKW ZLOO 7KH IRXU SHUIRUPDQFH OHYHOV FDQ EH VHW WR DQ\ OHY
LOOXPLQDWH ZLWK DQRWKHU ZDUQLQJ OLJKW LI D IDXOW HO XS WR WKH PD[LPXP OLPLWV 7ZR RU PRUH DGMD
RFFXUV LQ WKH WUDFWLRQ PRWRU ([DPSOH ,I WKH FHQW SHUIRUPDQFH OHYHOV FDQ EH VHW WR WKH VDPH
EUXVK ZHDU VHQVRU LV DFWLYDWHG LQ WKH PRWRU WKH OLPLWV 7KH SHUIRUPDQFH OHYHOV PXVW EH VHW DW WKH
ZDUQLQJ OLJKW EUXVK ZHDU ZLOO JR 21 DQG WKH VDPH RU LQ DVFHQGLQJ RUGHU IURP WXUWOH WR UDEELW
LQGLFDWRU OLJKW IRU WKH WUDFWLRQ PRWRU ZLOO VKRZ 7KH UHJLVWHU LQWHUORFNV ZLOO QRW SHUPLW D KLJKHU
ZKLFK PRWRU KDV WKH SUREOHP SHUIRUPDQFH OHYHO VHWWLQJ WRZDUG WKH WXUWOH WKDQ
WKH DGMDFHQW UHJLVWHUV WRZDUG WKH UDEELW
,QGLFDWRU /LJKW +\GUDXOLF 0RWRU 7KLV OLJKW
ZLOO LOOXPLQDWH ZLWK DQRWKHU ZDUQLQJ OLJKW LI D )DXOW &RGH 0HPRU\ 7KH FRQWURO FDUGV IRU WKH WUDFWLRQ
IDXOW RFFXUV LQ WKH K\GUDXOLF SXPS PRWRU ([DP PRWRU FRQWUROOHU DQG K\GUDXOLF SXPS PRWRU HDFK KDYH
SOH ,I WKH WHPSHUDWXUH RYHU OLPLW VZLWFK FORVHV LQ PHPRU\ UHJLVWHUV LQ ZKLFK WKH ODVW VWDWXV FRGHV FDQ
WKH PRWRU WKH ZDUQLQJ OLJKW PRWRU WHPSHUDWXUH EH VWRUHG (DFK VWDWXV FRGH LV VWRUHG ZLWK WKH KRXUPHWHU
RYHU OLPLW ZLOO JR 21 DQG WKH LQGLFDWRU OLJKW WLPH DQG WKH EDWWHU\ FKDUJH DW WKH WLPH RI WKH IDXOW 7KH
IRU WKH K\GUDXOLF PRWRU ZLOO VKRZ ZKLFK PRWRU VWDWXV FRGH IRU WKH ODVW IDXOW ZLOO EH LQGLFDWHG RQ WKH 6WD
KDV WKH SUREOHP WXV &RGH ,QGLFDWRU ,I WKH NH\ LV WXUQHG WR 2)) WKH
:DUQLQJ OLJKW 0RWRU 7HPSHUDWXUH 2YHU VWDWXV FRGH ZLOO EH UHPRYHG IURP WKH IRXU GLJLW GLVSOD\
/LPLW 7KH WUDFWLRQ PRWRU DQG WKH K\GUDXOLF
7KH SXVK EXWWRQ ZLOO FDXVH WKH VWDWXV FRGHV IRU WKH
SXPS PRWRU KDYH WKHUPDO VZLWFKHV LQVLGH WKH
IRU WKH IDXOWV WR EH VKRZQ RQ WKH 6WDWXV &RGH ,QGLFDWRU
PRWRUV :KHQ WKH WHPSHUDWXUH LQFUHDVHV WR WKH
:KHQ WKH EXWWRQ LV SXVKHG DQG KHOG GRZQ WKH LQGL
OLPLW VHW E\ WKH PDQXIDFWXUHU RI WKH PRWRU WKH
FDWRU OLJKW IRU WKH WUDFWLRQ PRWRU ZLOO LOOXPLQDWH 7KH
WKHUPDO VZLWFK FORVHV DQG WKH ZDUQLQJ OLJKW RQ
VWDWXV FRGHV LQ PHPRU\ IRU WKH GHWHFWHG IDXOWV ZLOO EH
WKH GLVSOD\ SDQHO LOOXPLQDWHV 7KH LQGLFDWRU OLJKW
GLVSOD\HG VWDUWLQJ ZLWK WKH PRVW UHFHQW IDXOW ,I WKH SXVK
IRU WUDFWLRQ PRWRU RU IRU WKH K\GUDXOLF PRWRU
EXWWRQ LV UHOHDVHG WKH GLVSOD\ ZLOO VWRS ,I WKH EXWWRQ LV
ZLOO VKRZ ZKLFK PRWRU KDV WKH SUREOHP
SXVKHG DJDLQ WKH GLVSOD\ ZLOO VWDUW IURP WKH EHJLQQLQJ
6HW /LIW 7UXFN 3HUIRUPDQFH 7KH OLIW DJDLQ 7KH KRXUPHWHU WLPH DQG WKH EDWWHU\ FKDUJH DW WKH
WUXFN FDQ EH VHW WR IRXU SHUIRUPDQFH OHYHOV E\ WKH WLPH RI WKH IDXOW ZLOO QRW EH VKRZQ $ +DQG 6HW RU D 3&
RSHUDWRU ,I WKH FXVWRPHU GRHV QRW ZDQW WKLV IXQF PXVW EH XVHG WR VKRZ WKLV DGGLWLRQDO LQIRUPDWLRQ $
+DQG 6HW RU D 3& PXVW EH XVHG WR FOHDU WKH VWDWXV FRGH IDXOW ,I WKH SXVK EXWWRQ LV UHOHDVHG WKH GLVSOD\ ZLOO VWRS
IURP WKH UHJLVWHU ,I WKH EXWWRQ LV SXVKHG WZLFH WR VWDUW WKH VHTXHQFH DJDLQ
WKH GLVSOD\ ZLOO VWDUW IURP WKH EHJLQQLQJ 7KH KRXUPHWHU
,I WKH EXWWRQ LV SXVKHG WZLFH DQG WKHQ KHOG GRZQ WKH LQ WLPH DQG WKH EDWWHU\ FKDUJH DW WKH WLPH RI WKH IDXOW ZLOO
GLFDWRU OLJKW IRU WKH K\GUDXOLF SXPS PRWRU ZLOO LOOX QRW EH VKRZQ $ +DQG 6HW RU D 3& PXVW EH XVHG WR VKRZ
PLQDWH 7KH VWDWXV FRGHV LQ PHPRU\ IRU WKH GHWHFWHG WKLV DGGLWLRQDO LQIRUPDWLRQ $ +DQG 6HW RU D 3& PXVW EH
IDXOWV ZLOO EH GLVSOD\HG VWDUWLQJ ZLWK WKH PRVW UHFHQW XVHG WR FOHDU WKH VWDWXV FRGH IURP WKH UHJLVWHU
(1+$1&(' ',63/$<
3,1 &211(&725
3,1 )81&7,21
7UDFWLRQ &DUG 3<
3XPS &DUG 3<
1R &RQQHFWLRQ
7UDFWLRQ &DUG 3<
7UDFWLRQ &DUG 3<
3XPS &DUG 3<
3XPS &DUG 3< .(<
1R &RQQHFWLRQ 6:,7&+
7UDFWLRQ &DUG 3<
3XPS &DUG 3< /($'6
%UXVK :HDU ,QGLFDWRU
7HPSHUDWXUH -XPSHU
5('%51
%51 ,*1
3DUNLQJ %UDNH 6ZLWFK %$7 7(50,1$/
%UDNH )OXLG 6ZLWFK 7(50,1$/
1R &RQQHFWLRQ
1R &RQQHFWLRQ ($5/< ',63/$< 3$1(/
.H\ 6ZLWFK ,*1
1R &RQQHFWLRQ
/$7(5 ',63/$< 3$1(/
3,1 72 -803(5 ,1
:,5( +$51(66 %:,
$1' 7(03(5$785(
/('V ',6$%/(' ,) &87
7KHUH FDQ EH VWDWXV FRGHV LQ WKH PHPRU\ IRU HDFK %UXVK :HDU ,QGLFDWRUV
V\VWHP WUDFWLRQ RU OLIW 3XVK DQG KROG WKH SXVK EXWWRQ WR
GLVSOD\ DOO WKH VWDWXV FRGHV LQ WKH PHPRU\ IRU GHWHFWHG 7KH EUXVK ZHDU LQGLFDWRUV LOOXPLQDWH ZKHQ WKH PRWRU
IDXOWV RI WKH WUDFWLRQ V\VWHP 7KH 7UDFWLRQ 0RWRU ,QGLFD EUXVKHV PXVW EH UHSODFHG 7KH VHQVRU ZLUHV IRU WKH EUXVK
WRU ZLOO EH 21 WR VKRZ WKDW WKH VWDWXV FRGHV DUH IRU WKH ZHDU LQGLFDWRUV DUH DQ LQVHUW LQ WKH EUXVK PDWHULDO ZKHQ
WUDFWLRQ V\VWHP ,I WKH SXVK EXWWRQ LV UHOHDVHG WKHQ LW LV PDGH 7KH VHQVRU ZLUHV DUH LQVXODWHG IURP WKH EUXVK
SXVKHG DQG KHOG DJDLQ WKH GLJLWDO GLVSOD\ ZLOO VWDUW RYHU PDWHULDO :KHQ WKH EUXVK ZHDUV ZLWKLQ DSSUR[LPDWHO\
VKRZLQJ DOO WKH VWDWXV FRGHV IRU WKH WUDFWLRQ V\VWHP LQFK RI WKH EUXVK OHDG WKH LQVXODWLRQ EHWZHHQ WKH
3XVK WKH EXWWRQ WZLFH DQG KROG WKH SXVK EXWWRQ WR GLV VHQVRU ZLUH DQG WKH EUXVK PDWHULDO LV GHVWUR\HG 7KH
SOD\ DOO WKH VWDWXV FRGHV LQ WKH PHPRU\ IRU GHWHFWHG FRQQHFWLRQ EHWZHHQ WKH EUXVK DQG WKH VHQVRU ZLUH
IDXOWV RI WKH OLIW V\VWHP 7KH /LIW 3XPS 0RWRU ,QGLFDWRU FDXVHV WKH LQGLFDWRU WR LOOXPLQDWH
ZLOO EH 21 WR VKRZ WKDW WKH VWDWXV FRGHV DUH IRU WKH OLIW
V\VWHP ,I WKH SXVK EXWWRQ LV UHOHDVHG WKHQ SXVKHG WZLFH 7KH RSHUDWLRQ RI WKH EUXVK ZHDU LQGLFDWRUV FDQ EH
DQG KHOG DJDLQ WKH GLJLWDO GLVSOD\ ZLOO VWDUW RYHU VKRZ FKHFNHG GXULQJ SHULRGLF PDLQWHQDQFH 7KH EDWWHU\ PXVW
LQJ DOO WKH VWDWXV FRGHV IRU WKH OLIW V\VWHP EH UHPRYHG IURP WKH OLIW WUXFN IRU DFFHVV WR WKH PRWRUV
5(3/$&(0(17
*(1(5$/ 0(7(5 5(3/$&(0(17 6HH ),*85(
0HWHUV DUH XVXDOO\ PRXQWHG WR DQ LQVWUXPHQW SDQHO $F
:$51,1* FHVV WR WKH EDFN RI WKH SDQHO RU PRXQWLQJ VXUIDFH LV UH
%HIRUH UHSODFLQJ DQ\ FRPSRQHQWV IXOO\ ORZHU DOO TXLUHG IRU PHWHU UHSODFHPHQW 5HSODFH D PHWHU DV IRO
SDUWV RI WKH PDVW DQG WLOW LW IRUZDUG XQWLO WKH WLSV RI ORZV
WKH IRUNV WRXFK WKH JURXQG 7KLV DFWLRQ ZLOO SUHYHQW
0DNH VXUH WKH NH\ LV LQ WKH 2)) SRVLWLRQ
WKH PDVW IURP ORZHULQJ VXGGHQO\ LI WKH FRQWURO OHYHU
LV DFFLGHQWO\ PRYHG
:$51,1*
$/:$<6 GLVFRQQHFW WKH EDWWHU\ DQG UHPRYH WKH NH\ 0HWHUV QRUPDOO\ KDYH YROWDJH DW WKH WHUPLQDOV $
EHIRUH UHSODFLQJ FRPSRQHQWV VKRUWFLUFXLW RI WKLV YROWDJH FDQ UHVXOW LQ PHWHU GDP
DJH RU SHUVRQDO LQMXU\ 7R SUHYHQW D VKRUWFLUFXLW
1HYHU KDYH DQ\ PHWDO RQ \RXU ILQJHUV DUPV RU QHFN GXULQJ PHWHU UHSODFHPHQW GLVFRQQHFW WKH EDWWHU\
7KHVH PHWDO LWHPV FDQ DFFLGHQWDOO\ PDNH DQ HOHFWUL SRVLWLYH FDEOH DW WKH EDWWHU\ SRVLWLYH WHUPLQDO ,QVWDOO
FDO FRQQHFWLRQ DQG FDXVH DQ LQMXU\ D ORFN RU WDJ RQ WKH FRQQHFWRU WR SUHYHQW FRQQHFWLRQ
127( 1RQH RI WKH HOHFWULFDO FRPSRQHQWV RI WKLV VHF 3XW WDJV RQ WKH PHWHU ZLUHV IRU FRUUHFW LGHQWLILFDWLRQ
WLRQ FDQ EH UHSDLUHG $OO EDG FRPSRQHQWV PXVW EH UH GXULQJ LQVWDOODWLRQ 5HPRYH WKH ZLUHV IURP WKH PHWHU
SODFHG WHUPLQDOV
127( ,I WKH PHWHU LV LOOXPLQDWHG UHPRYH EXOE VRFNHW
0HWHUV GLVSOD\ SDQHOV PRVW LQGLFDWRUV DQG VHQGHUV DUH DQG EXOE IURP WKH PHWHU
QRW UHSDLUDEOH LWHPV 7KH PRVW DFFXUDWH DQG XVXDOO\
HDVLHVW FKHFNV IRU SURSHU RSHUDWLRQ RI LQGLYLGXDO PHWHUV 5HPRYH WKH QXWV DQG ZDVKHUV WKDW IDVWHQ WKH PRXQW
LQGLFDWRUV RU VHQGHUV LV GLUHFW UHSODFHPHQW 7KH PRVW LQJ EUDFNHW WR WKH PHWHU KRXVLQJ
FRPPRQ FDXVH RI IDLOXUH LV SRRU FRQQHFWLRQV RU GDP 5HPRYH WKH PHWHU DQG LQVWDOO WKH UHSODFHPHQW PHWHU
DJHG RU LPSURSHU ZLULQJ DQG QRW WKH PHWHU LQGLFDWRU RU LQ WKH SDQHO 0DNH VXUH WKH PHWHU LV LQ WKH FRUUHFW SRVL
VHQGHU 7KLV VHFWLRQ RQO\ KDV WKH UHSODFHPHQW SURFH WLRQ IRU UHDGLQJ E\ WKH RSHUDWRU
GXUHV %HIRUH D PHWHU GLVSOD\ SDQHO LQGLFDWRU RU VHQGHU
LV UHSODFHG PDNH WKH IROORZLQJ FKHFNV ,QVWDOO WKH PRXQWLQJ EUDFNHW ZDVKHUV DQG QXWV
7LJKWHQ WKH QXWV
&KHFN WKDW RWKHU PHWHUV DQG HOHFWULFDO FLUFXLWV RSHUDWH &RQQHFW WKH ZLUHV WR WKH PHWHU HOHFWULFDO WHUPLQDOV
FRUUHFWO\ 7LJKWHQ WKH QXWV LI WKH QXWV DUH UHTXLUHG IRU FRUUHFW FRQ
QHFWLRQ
&KHFN WKDW WKH EDWWHU\ LV IXOO\ FKDUJHG KDV D JRRG
JURXQG GLHVHO JDVROLQH DQG /3* XQLWV RQO\ DQG WKH FD &$87,21
EOH WHUPLQDOV DUH FOHDQ DQG WLJKW $ VKRUWFLUFXLW DQG GDPDJH FDQ RFFXU LI ZLUHV DUH
QRW LQVWDOOHG FRUUHFWO\ 0DNH VXUH ZLUH FRQQHFWRUV GR
&KHFN WKDW WKH ZLULQJ DQG FRQQHFWLRQV WR WKH PHWHU QRW WRXFK WKH RWKHU PHWHU WHUPLQDOV RU ZLUH FRQQHF
LQGLFDWRU RU VHQGHU DUH WLJKW DQG LQ JRRG FRQGLWLRQ WRUV PHWDO EUDFNHWV RU WKH EUDFNHW PRXQWLQJ QXWV
0DNH VXUH WKH ZLUHV DUH QRW SXOOHG WLJKW DQG DUH QRW
WRXFKLQJ RWKHU SDUWV WR GDPDJH WKH LQVXODWLRQ )/8,' 7(03(5$785( 6(1'(5
(/(&75,&$/ 7(50,1$/
127( ,I WKH PHWHU LV LOOXPLQDWHG LQVWDOO WKH VRFNHW +(;
ZLWK WKH EXOE LQWR WKH PHWHU KRXVLQJ 7+5($'(' %2'<
6(1625 (/(0(17
&$6( 2) (1*,1( 25
75$160,66,21
(/(&75,&$/
7(50,1$/
3/$7( )8//
6(1'(5 81,7 326,7,21 )/8,' 35(6685( 6(1'(5
)/2$7 $50 (/(&75,&$/ 7(50,1$/
)/2$7 6(1'(5
+(;
7+5($'(' ),77,1*
+2/( 72 6(1625
(/(0(17
&$6( 2) (1*,1( 25
(037< 75$160,66,21
326,7,21
),*85( 35(6685( $1'
7(03(5$785( 6(1'(56
:$51,1*
(OHFWULFDO VKRFN IURP YROWDJH FDQ FDXVH SHUVRQDO LQ
),*85( )8(/ /(9(/ MXU\ 3XW HOHFWULFDO WDSH RQ WKH ZLUH FRQQHFWRU WR HOHF
6(1'(5 WULFDOO\ LQVXODWH WKH FRQQHFWRU LI WKH ZLUH LV DFFLGHQ
WDOO\ HQHUJL]HG
6(1'(5 5(3/$&(0(17 5HPRYH WKH VFUHZV WKDW IDVWHQ WKH VHQGHU SODWH WR WKH
6HH ),*85( DQG ),*85( WDQN
)XHO /HYHO 6HQGHU 6HH ),*85(
7KH IXHO OHYHO VHQGLQJ XQLW LV PRXQWHG WR WKH IXHO WDQN &$87,21
VXUIDFH XVXDOO\ WRS VXUIDFH ZLWK VFUHZV WKURXJK WKH )XHO OHYHO VHQGHUV DUH QRW DFFXUDWH LI WKH DUP LV EHQW
VHQGHU SODWH DQG JDVNHW &RUUHFW VHQGHU RSHUDWLRQ DQG GXULQJ UHPRYDO DQG LQVWDOODWLRQ 7KHUH PXVW DOVR EH
VFUHZ KROH DOLJQPHQW FDQ RQO\ EH REWDLQHG ZLWK WKH SODWH FOHDUDQFH IRU RSHUDWLRQ 'R QRW EHQG WKH IORDW DUP
PRXQWHG LQ RQH SRVLWLRQ 5HSODFH WKH VHQGHU DV IROORZV 5HPRYH WKH VHQGHU
:$51,1* &DUHIXOO\ LQVWDOO WKH QHZ VHQGHU 8VH D QHZ JDVNHW
$OO IXHO YDSRUV DUH H[WUHPHO\ H[SORVLYH 'R QRW KDYH
0DNH VXUH WKH VFUHZ KROHV DUH DOLJQHG DQG LQVWDOO WKH
VSDUNV RU IODPHV DURXQG YHKLFOHV RU IXHO VWRUDJH DQG
VFUHZV 7LJKWHQ WKH VFUHZV HQRXJK WR SDUWLDOO\ FRPSUHVV
VHUYLFH DUHDV 0DNH VXUH WKHUH LV QR VRXUFH RI RSHQ
WKH JDVNHW WR SUHYHQW OHDNV
IODPH RU VSDUNV LQ WKH YLFLQLW\ 8VH FDXWLRQ WR SUHYHQW
VSDUNV IURP WRROV 5HPRYH WKH WDSH IURP WKH ZLUH FRQQHFWRU DQG LQVWDOO
WKH FRQQHFWRU RQ WKH VHQGHU WHUPLQDO
7XUQ WKH NH\ WR WKH 2)) SRVLWLRQ DQG GLVFRQQHFW WKH
EDWWHU\ SRVLWLYH FDEOH DW WKH EDWWHU\ ,QVWDOO D ORFN RU WDJ 3UHVVXUH $QG 7HPSHUDWXUH 6HQGHU
6HH ),*85(
RQ WKH FRQQHFWRU WR SUHYHQW FRQQHFWLRQ
3UHVVXUH VHQGHUV KDYH D KROORZ WKUHDGHG ILWWLQJ IDVWHQHG
'LVFRQQHFW WKH VHQGHU ZLUH DW WKH VHQGHU WR WKH EDVH 7KLV PDNHV LW SRVVLEOH IRU WKH VHQGHU WR VHQVH
WKH SUHVVXUH DQG DOVR WR IDVWHQ WKH VHQGHU WR WKH HTXLS
PHQW ,W LV SRVVLEOH WR WLJKWHQ RU ORRVHQ WKH VHQGHU XVLQJ D
ZUHQFK RQ WKH IODWV RI WKH KH[ VKDSH RI WKH ILWWLQJ 7KH 21 83 $6 6+2:1
ERG\ RI WKH WHPSHUDWXUH VHQGHU KDV WKUHDGV WR ILW D 9 6: 21 27+(56 2))
9 6: 21 27+(56 2))
WKUHDGHG KROH LQ WKH HTXLSPHQW 7KLV VHQGHU DOVR KDV D
KH[ VKDSH IRU WLJKWHQLQJ RU ORRVHQLQJ WKH VHQGHU 5H
SODFH HLWKHU VHQGHU DV IROORZV
127( 0DNH VXUH WKH V\VWHP IOXLG LV GUDLQHG VR WKDW WKH
OHYHO LV EHORZ WKH VHQGHU WR SUHYHQW OHDNDJH ZKHQ WKH 9 9 9 9
VHQGHU LV UHPRYHG
%51
7XUQ WKH NH\ WR WKH 2)) SRVLWLRQ 5('%51
'LVFRQQHFW WKH VHQGHU ZLUH
5HPRYDO
6(7 ',3 6:,7&+(6 72 758&. 92/7$*(
7KH GLVSOD\ SDQHO LV LQ WKH LQVWUXPHQW SDQHO 7KH GLVSOD\ ,) 758&. 92/7$*( ,6 127 .12:1 6(7
9 86 758&.6 72 9
SDQHO FDQQRW EH UHSDLUHG DQG PXVW EH UHSODFHG LI LW KDV D
PDOIXQFWLRQ
',63/$< 3$1(/
0RYH WKH OLIW WUXFN WR D VDIH OHYHO DUHD 7XUQ WKH NH\ WR 67((5,1* &2/801
(/(&75,&$/ &211(&725
WKH 2)) SRVLWLRQ DQG UHPRYH WKH NH\ 3XW D '2 127 ',3 6:,7&+(6
23(5$7( WDJ RQ WKH VWHHULQJ ZKHHO 3XW EORFNV XQGHU
WKH GULYH ZKHHOV WR NHHS WKH OLIW WUXFN IURP PRYLQJ 6HH ),*85( ',3 6:,7&+(6
WKH VHFWLRQ 3(5,2',& 0$,17(1$1&( RU WKH 2S ,QVWDOO ODEHOV IRU FRUUHFW FRQQHFWLRQ GXULQJ LQVWDOOD
HUDWLQJ 0DQXDO IRU \RXU OLIW WUXFN WR SODFH WKH EORFNV WLRQ DQG GLVFRQQHFW DOO HOHFWULFDO SOXJV DQG ZLUHV IURP
WKH EDFN RI WKH GLVSOD\ SDQHO
:$51,1*
'LVFRQQHFW WKH EDWWHU\ DQG VHSDUDWH WKH FRQQHFWRU 5HPRYH WKH VFUHZV RU QXWV WKDW IDVWHQ WKH GLVSOD\ SDQ
EHIRUH RSHQLQJ WKH FRPSDUWPHQW FRYHU RU LQVSHFWLQJ HO DVVHPEO\ WR WKH LQVWUXPHQW SDQHO /LIW WKH GLVSOD\ SDQ
RU UHSDLULQJ WKH HOHFWULFDO V\VWHP ,I D WRRO FDXVHV D HO XS RXW RI WKH LQVWUXPHQW SDQHO
VKRUWFLUFXLW WKH KLJK FXUUHQW IORZ IURP WKH EDWWHU\
FDQ FDXVH DQ LQMXU\ RU SDUWV GDPDJH ,QVWDOO WKH UHSODFHPHQW GLVSOD\ SDQHO DQG LQVWDOO WKH
VFUHZV RU QXWV 0DNH VXUH WKH SDQHO FDQ EH UHDG E\ WKH
'LVFRQQHFW DQG VHSDUDWH WKH EDWWHU\ FRQQHFWRU RSHUDWRU
,I LQVWDOOHG UHPRYH WKH FRZO FRYHU XQGHU WKH LQVWUX &RUUHFWO\ FRQQHFW DOO HOHFWULFDO SOXJV RU ZLUHV DFFRUG
PHQW SDQHO LQJ WR WKH ODEHOV PDGH GXULQJ UHPRYDO
5HPRYH WKH EORFNV IURP XQGHU WKH GULYH ZKHHOV UH ),*85( 0RYH WKH ',3 VZLWFK IRU WKH FRUUHFW YROW
PRYH WKH '2 127 23(5$7( WDJ FRQQHFW WKH EDW DJH WR WKH XS SRVLWLRQ DQG DOO RWKHUV WR WKH GRZQ SRVLWLRQ
WHU\ DQG LQVWDOO WKH NH\ ,QVWDOO WKH FROXPQ FRYHU RQ WKH VWHHULQJ FROXPQ
127( 0RVW SDUWV RI WKH FROXPQ PRXQWHG GLVSOD\ SDQ %DWWHU\ ,QGLFDWRUV
HO FDQ EH UHSODFHG +RZHYHU WKH /(' LQGLFDWRUV FDQQRW
7KHUH DUH WZR W\SHV RI EDWWHU\ LQGLFDWRUV IRU WKHVH
EH UHSODFHG VHSDUDWHO\ 7KH /('V DUH SDUW RI WKH FLUFXLW
WUXFNV 2QH W\SH LV D PHWHU PRYHPHQW ZLWK FRORUHG
ERDUG DVVHPEO\ 7KH PDMRU UHSODFHDEOH SDUWV RI WKLV GLV
EDQGV VKRZLQJ WKH EDWWHU\ FKDUJH %DVLF GLVSOD\ SDQHO
SOD\ SDQHO DUH NH\ VZLWFK KRXVLQJ WRS FRYHU DQG
7KH RWKHU W\SH LV D /LJKW (PLWWLQJ 'LRGH /(' GLVSOD\
2ULQJ VHDO KRXVLQJ DQG OLJKW ILOWHU IRU /(' ZDUQLQJ
ZLWK /('V RI GLIIHUHQW FRORUV VKRZLQJ EDWWHU\ FKDUJH
OLJKWV KRXU PHWHU DQG JDVNHW EDWWHU\ LQGLFDWRU
3HUIRUPDQFH GLVSOD\ SDQHO
EX]]HU DQG FLUFXLW ERDUG DQG MXPSHU KDUQHVV DQG WKH
ZLUHV WR WKH NH\ VZLWFK 127( 7KH EDWWHU\ LQGLFDWRU LV UHSODFHG DV RQH RI WKH
FRPSRQHQWV RI WKH GLVSOD\ SDQHO 6HH SURFHGXUH XQGHU
127( 7KH RQO\ UHSODFHDEOH SDUWV RI WKH 3HUIRUPDQFH 5HSODFLQJ 3DUWV 2I 7KH %DVLF 'LVSOD\ 3DQHO RI WKLV VHF
GLVSOD\ SDQHO DUH WKH 2ULQJ VHDO NH\ VZLWFK ZLUHV WR WLRQ 7KH EDWWHU\ LQGLFDWRU RI WKH 3HUIRUPDQFH GLVSOD\
WKH NH\ VZLWFK DQG WKH KRXVLQJ WKDW IDVWHQV WR WKH VWHHU SDQHO FDQQRW EH UHSODFHG DV D VHSDUDWH FRPSRQHQW 7KH
LQJ FROXPQ $OO RWKHU SDUWV RI WKH SDQHO PXVW EH UHSODFHG LQGLFDWRU PXVW EH UHSODFHG DV SDUW RI WKH 3HUIRUPDQFH
DV D VLQJOH XQLW 6HH 5HSODFLQJ 'LVSOD\ 3DQHO $VVHPEO\ GLVSOD\ SDQHO 6HH 5HSODFLQJ 'LVSOD\ 3DQHO $VVHPEO\
RI WKLV VHFWLRQ RI WKLV VHFWLRQ
5HSODFLQJ 'LVSOD\ 3DQHO $VVHPEO\ 6HH WKH VHFWLRQ %$77(5< ,1',&$7256
650 WR DGMXVW WKHVH EDWWHU\ LQGLFDWRUV
)ROORZ WKLV SURFHGXUH WR UHSODFH WKH %DVLF RU 3HUIRU
PDQFH GLVSOD\ SDQHO DV DQ DVVHPEO\
'LJLWDO 'LVSOD\
'LVFRQQHFW WKH EDWWHU\ DQG UHPRYH WKH NH\ 3HUIRUPDQFH 'LVSOD\ 3DQHO 2QO\
127( 7KH GLJLWDO GLVSOD\ RI WKH 3HUIRUPDQFH GLVSOD\
5HPRYH WKH IURQW VWHHULQJ FROXPQ FRYHU ZLWK WKH GLV SDQHO FDQQRW EH UHSODFHG DV D VHSDUDWH FRPSRQHQW 7KH
SOD\ SDQHO DVVHPEO\ DWWDFKHG &DUHIXOO\ GLVFRQQHFW WKH GLVSOD\ PXVW EH UHSODFHG DV SDUW RI WKH 3HUIRUPDQFH GLV
SLQ FRQQHFWRU WKH NH\ VZLWFK ZLUHV DQG RQ WKH %DVLF SOD\ SDQHO 6HH 5HSODFLQJ 'LVSOD\ 3DQHO $VVHPEO\ RI
SDQHO WKH WZR SLQ FRQQHFWRU IURP LQVLGH WKH FROXPQ WKLV VHFWLRQ
FRYHU
5HPRYH WKH IRXU VFUHZV WKDW IDVWHQ WKH GLVSOD\ SDQHO 6WDWXV &RGH 2U 3HUIRUPDQFH /HYHO 6ZLWFKHV
$QG ,QGLFDWRU /('V
WR WKH FROXPQ FRYHU 3HUIRUPDQFH 'LVSOD\ 3DQHO 2QO\
,QVWDOO WKH UHSODFHPHQW GLVSOD\ SDQHO DVVHPEO\ WR WKH 127( 7KHVH VZLWFKHV RI WKH 3HUIRUPDQFH GLVSOD\ SDQ
FRYHU RI WKH VWHHULQJ FROXPQ DQG WLJKWHQ WKH VFUHZV HO FDQQRW EH UHSODFHG DV VHSDUDWH FRPSRQHQWV 7KH
,QVWDOO WKH FRQQHFWRUV DQG WKH NH\ VZLWFK ZLUHV 2Q WKH VZLWFKHV PXVW EH UHSODFHG DV SDUW RI WKH 3HUIRUPDQFH
%DVLF SDQHO VHW WKH ',3 VZLWFKHV QHDU WKH FRQQHFWRU IRU GLVSOD\ SDQHO 6HH 5HSODFLQJ 'LVSOD\ 3DQHO $VVHPEO\
WKH SDQHO WR WKH YROWDJH RI WKH OLIW WUXFN 6HH RI WKLV VHFWLRQ
5HSODFLQJ 3DUWV 2I 7KH %DVLF 'LVSOD\ 3DQHO KRXVLQJ 6HH ),*85( 7KH KRXUPHWHU LV IDVWHQHG WR
6HH ),*85( WKH WRS FRYHU ZLWK WKH HOHFWULFDO FRQQHFWRU RQ WKH FLUFXLW
127( 7KH SDUWV RI WKH %DVLF 'LVSOD\ 3DQHO FDQ EH UH ERDUG LQVLGH WKH KRXVLQJ &DUHIXOO\ OLIW WKH WRS FRYHU XS
SODFHG ZLWK WKH GLVSOD\ SDQHO RQ WKH VWHHULQJ FROXPQ ,I RII WKH KRXVLQJ DQG WKH LQGLFDWRU /('V ZLWKRXW GDPDJ
WKH DVVHPEO\ KRXVLQJ ZLOO EH UHSODFHG UHPRYH WKH FRP LQJ WKH 2ULQJ JDVNHW 7KH JDVNHW IRU WKH /(' LQGLFDWRUV
SOHWH DVVHPEO\ IURP WKH VWHHULQJ FROXPQ DV GHVFULEHG LQ FDQ VWLFN WR WKH /(' KRXVLQJ DV WKH WRS FRYHU LV UH
5HSODFLQJ 'LVSOD\ 3DQHO $VVHPEO\ PRYHG 'R QRW ORVH RU GDPDJH WKH JDVNHW 'LVFRQQHFW
127( 7KH IROORZLQJ LV D FRPSOHWH GLVDVVHPEO\ SURFH WKH WKUHH ZLUH FRQQHFWRU IRU WKH KRXUPHWHU
GXUH 'R 21/< WKRVH VWHSV QHFHVVDU\ WR UHSODFH WKH SDUW
\RX ZDQW UHSODFHG ,I WKH KRXVLQJ RU ILOWHU IRU WKH LQGLFDWRUV ZLOO EH UH
5HPRYH DQG UHSODFH WKH FRPSRQHQWV RI WKH %DVLF GLV SODFHG UHPRYH WKH VFUHZV WKDW IDVWHQ WKH /(' KRXVLQJ
SOD\ SDQHO DV IROORZV WR WKH FRYHU ,I WKH KRXUPHWHU RU KRXUPHWHU JDVNHW ZLOO
EH UHSODFHG UHPRYH WKH VFUHZV WKDW IDVWHQ LW WR WKH WRS
'LVFRQQHFW WKH EDWWHU\ DQG UHPRYH WKH NH\
FRYHU ,QVWDOO WKH UHSODFHPHQW SDUWV WR WKH WRS FRYHU
5HPRYH WKH HLJKW VFUHZV WKDW IDVWHQ WKH WRS FRYHU WR 0DNH VXUH WKDW WKH KRXUPHWHU LV LQVWDOOHG VR WKDW LW FDQ EH
WKH SDQHO KRXVLQJ 7KH VFUHZV DUH DW WKH ERWWRP RI WKH UHDG DIWHU WKH FRYHU LV LQVWDOOHG
/
/ /
/ /
/
/ /
/ /
/
723 &29(5
),/7(5 )25 /(' ,1',&$7256
+286,1* )25 /(' ,1',&$7256
.(< 6:,7&+
$66(0%/< +286,1*
25,1* *$6.(7
%8==(5
),%(5 ,168/$7,1* :$6+(56
5HPRYH WKH QXW WKDW IDVWHQV WKH NH\ VZLWFK 5HPRYH ,I QHFHVVDU\ LQVWDOO D QHZ 2ULQJ JDVNHW &DUHIXOO\
WKH NH\ VZLWFK IURP WKH KRXVLQJ 0DNH D QRWH RI ZKLFK LQVWDOO WKH 2ULQJ JDVNHW LQ WKH JURRYH RI WKH WRS FRYHU
ZLUHV DUH RQ ZKLFK WHUPLQDOV DQG GLVFRQQHFW WKH ZLUHV &DUHIXOO\ LQVWDOO WKH WRS FRYHU DVVHPEO\ RYHU WKH /('
,QVWDOO WKH ZLUHV RQ WKH VDPH WHUPLQDOV RI WKH UHSODFH LQGLFDWRUV DQG DVVHPEO\ KRXVLQJ ZLWKRXW GDPDJLQJ HL
PHQW VZLWFK WKHU WKH /(' JDVNHW RU 2ULQJ JDVNHW 0DNH VXUH WKH 2
ULQJ JDVNHW LV VWLOO FRUUHFWO\ DOLJQHG ZLWK WKH FRYHU DQG
$OLJQ WKH QRWFK LQ WKH VKDIW KRXVLQJ RI WKH NH\ VZLWFK KRXVLQJ EHIRUH LQVWDOOLQJ WKH VFUHZV ,QVWDOO WKH HLJKW
ZLWK WKH WDE LQ WKH KRXVLQJ RI WKH GLVSOD\ SDQHO ,QVWDOO VFUHZV WKDW IDVWHQ WKH WRS FRYHU WR WKH SDQHO KRXVLQJ DQG
WKH UHSODFHPHQW VZLWFK 7LJKWHQ WKH QXW DQG FRQQHFW WKH WLJKWHQ WKHP LQ D FURVV SDWWHUQ
ZLUHV
5HSODFLQJ 3DUWV 2I 7KH 3HUIRUPDQFH 'LVSOD\
127( ,W LV QRW QHFHVVDU\ WR GR 6WHS LI RQO\ WKH PHWHU 3DQHO
PRYHPHQW RI WKH EDWWHU\ LQGLFDWRU ZLOO EH UHSODFHG RQ
127( 7KH RQO\ UHSODFHDEOH SDUWV RI WKH 3HUIRUPDQFH
WKH H[LVWLQJ FLUFXLW ERDUG &DUHIXOO\ OLIW WKH PHWHU PRYH
GLVSOD\ SDQHO DUH WKH 2ULQJ VHDO NH\ VZLWFK ZLUHV WR
PHQW XS RII WKH SLQV RI WKH FLUFXLW ERDUG ZLWKRXW EHQGLQJ
WKH NH\ VZLWFK DQG WKH KRXVLQJ WKDW IDVWHQV WR WKH VWHHU
WKH SLQV 6HH ),*85( &DUHIXOO\ LQVWDOO WKH UHSODFH
LQJ FROXPQ $OO RWKHU SDUWV RI WKH SDQHO PXVW EH UHSODFHG
PHQW PHWHU PRYHPHQW RQ WKH SLQV 0DNH VXUH WKH SLQV
DV D VLQJOH XQLW 6HH 5HSODFLQJ 'LVSOD\ 3DQHO $VVHPEO\
DUH FRUUHFWO\ DOLJQHG RQ WKH EDFN RI WKH PHWHU EHIRUH
RI WKLV VHFWLRQ
SXVKLQJ WKH PHWHU RQ WKH SLQV
5HPRYH WKH IRXU QXWV WKDW IDVWHQ WKH GLVSOD\ SDQHO DQG ,QVWDOO DQG WLJKWHQ WKH QXWV WKDW IDVWHQ WKH GLVSOD\ SDQ
OLIW LW XS RXW RI WKH GDVK HO LQ WKH GDVK DQG LQVWDOO WKH SOXJ FRQQHFWRU
,QVWDOO WKH UHSODFHPHQW GLVSOD\ SDQHO LQ WKH GDVK
63(&,),&$7,216
23(5$7,1* 92/7$*(
+RXUPHWHU
(QJLQH 3RZHUHG (TXLSPHQW 9 9
(OHFWULF 0RWRU 3RZHUHG (TXLSPHQW 9 9 9 9 9 9 RU PXOWLSOH WR 9
$OO 2WKHU 0HWHUV 9 9
7(50,1$/ 7+5($'6 81) RU 81&
5$1*( 2) 0(7(5
+RXUPHWHU WR +RXUV
$PPHWHU WR $PSV
9ROWPHWHU WR 9ROWV
7HPSHUDWXUH *DXJH WR )
5DQJH %DVHG RQ 5HTXLUHPHQWV WR )
WR )
3UHVVXUH *DXJH WR SVL
5DQJH %DVHG RQ 5HTXLUHPHQWV WR SVL
WR SVL
0(7+2' 2) 02817,1* 7R 3DQHO ZLWK %UDFNHW
23(5$7,1* 92/7$*(
$OO 6HQGHUV 9ROW 6\VWHP
7(50,1$/ 7+5($'6 (OHFWULFDO
$OO 6HQGHUV 81)$
)$67(1(5 '$7$ 7R )LW LQ D 7KUHDGHG +ROH
7HPSHUDWXUH 6HQGHU
%RG\ 7KUHDGV 'U\VHDO
+H[ $FURVV )ODWV PP LQ IRU D LQ :UHQFK
3UHVVXUH 6HQGHU
)LWWLQJ 7KUHDGV 'U\VHDO 137)
+H[ $FURVV )ODWV PP LQ IRU D LQ :UHQFK
)XHO 6HQGHU 3ODWH
1XPEHU RI +ROHV 1RW (TXDOO\ 6SDFHG
+ROH 6L]H LQFK
7528%/(6+227,1*
1R ,QGLFDWLRQ $OO %DWWHU\ GLVFRQQHFWHG &OHDQ WKH EDWWHU\ WHUPLQDOV DQG EDWWHU\
0HWHUV FDEOH FRQQHFWRUV ,QVWDOO FRQQHFWRUV
%DWWHU\ PDOIXQFWLRQ RU GLVFKDUJHG &KDQJH RU UHSODFH EDWWHU\