Bedienungsanleitung SIEMENS GIGASET 3015 COMFORT

DieBedienungsAnleitung bietet einen gemeinschaftlich betriebenen Tausch-, Speicher- und Suchdienst für Handbücher für den Gebrauch von Hardware und Software: Benutzerhandbücher, Bedienungsanleitungen, Schnellstartanweisungen, Technische Datenblätter… VERGESSEN SIE NICHT DIE BEDIENUNGSANLEITUNG VOR DEM KAUF ZU LESEN!!!
Welches Ersatzteil suchen Sie?

Falls dieses Dokument mit den von Ihnen gesuchten Bedienungsanleitungen, Handbüchern, Ausstattungen und Form übereinstimmt, laden Sie es jetzt herunter. Lastmanuals ermöglicht Ihnen einen schnellen und einfachen Zugang zum SIEMENS GIGASET 3015 COMFORT Benutzerhandbuch Wir hoffen die SIEMENS GIGASET 3015 COMFORT Bedienungsanleitung ist hilfreich für Sie.

DieBedienungsAnleitung-Hilfe zum Download von SIEMENS GIGASET 3015 COMFORT.


Mode d'emploi SIEMENS GIGASET 3015 COMFORT
Download

Sie können sich auch noch diese Handbücher, die sich auf Ihr Produkt beziehen, herunterladen:

   SIEMENS GIGASET 3015 COMFORT (868 ko)

Handbuch Zusammenfassung: Gebrauchsanweisung SIEMENS GIGASET 3015 COMFORT

Detaillierte Anleitungen zur Benutzung finden Sie in der Bedienungsanleitung.

[. . . ] *LJDVHW&RPIRUW, QODQG$*% XPVFKOBYIP *LJDVHW &RPIRUW %HGLHQXQJVDQOHLWXQJ XQG6LFKHUKHLWVKLQZHLVH 8 *LJDVHW&RPIRUW, QODQG$*% XPVFKOBYIP $OOJHPHLQHV $OOJHPHLQHV 6LFKHUKHLWVKLQZHLVH q 9HUZHQGHQ6LHQXUGDVPLWJHOLHIHUWH6WHFNHUQHW]JHUWZLHDXIGHU8QWHUVHLWHGHV*HUWHV JHNHQQ]HLFKQHW q %LWWHYHUZHQGHQ6LHDXINHLQHQ)DOOQRUPDOHQLFKWDXIODGEDUH %DWWHULHQVRQGHUQQXUGLH]X JHODVVHQHQ$NNXVGHVJOHLFKHQ7\SVDXIODGEDU VRQVWNDQQJJIGHU%DWWHULHPDQWHO]HU VWUWZHUGHQJHIKUOLFK VLHKH7DEHOOH6HLWH q 0HGL]LQLVFKH*HUWHNQQHQLQLKUHU)XQNWLRQEHHLQIOXWZHUGHQ q 'DV0RELOWHLONDQQLQ+UJHUWHQHLQHQXQDQJHQHKPHQ%UXPPWRQ YHUXUVDFKHQ q %DVLVVWDWLRQQLFKWLQ%DGRGHU'XVFKUXPHQDXIVWHOOHQ q 7HOHIRQQLFKWLQH[SORVLRQVJHIKUGHWHQ8PJHEXQJHQ]%/DFNLHUHUHLHQ QXW]HQ q $NNXVXQG7HOHIRQQXUXPZHOWJHUHFKWHQWVRUJHQ q *HEHQ6LH, KU*LJDVHWQXUPLWGHU%HGLHQXQJVDQOHLWXQJDQ'ULWWHZHLWHU q , QGHQ$NNXIFKHUQGHV0RELOWHLOVVLQGIROJHQGH+LQZHLVVFKLOGHUDQJHEUDFKW + M , _ :LHGHUDXIODGEDUH$NNXVULFKWLJJHSROWHLQOHJHQ $NNXW\SJHPGLHVHU%HGLHQXQJVDQOHLWXQJYHUZHQGHQ 'LVSOD\6\PEROH -HQDFK%HGLHQVLWXDWLRQVHKHQ6LHEHUGHQ'LVSOD\7DVWHQIROJHQGH6\PEROH 1HW]DQELHWHU /LQNVUHFKWV %ULHINDVWHQIXQNWLRQ 1HXH1DFKULFKWHQ DXIGHP$QUXIEHDQW ZRUWHURGHUQHXH 1XPPHUQLQGHU $QUXIHUOLVWH : , 17 [ = =85&. [. . . ] " %*!" 5XIQXPPHURGHU1DPH $)()'""$$&&' ZHQQ1XPPHULP ' 7HOHIRQEXFKLVW $QUXIYHUVXFKH < D %HL(LQVWHOOXQJdDOOH$QUXIHoZLUGVWDWWGHU$QUXIYHU VXFKHGLH(LQWUDJV1XPPHUXQGGLH$Q]DKOGHU(LQWU JHDQJH]HLJW] %=XVW]OLFK]HLJWHLQ9GD GHU$QUXIDQJHQRPPHQZXUGH =XPJHZQVFKWHQ(LQWUDJEOWWHUQ $QUXIHU]XUFNUXIHQrGHU(LQWUDJZLUGDXVGHU$QUXIHUOLVWHJH OVFKWXQGLQGHU:DKOZLHGHUKROXQJJHVSHLFKHUW 1DFK$XVZDKOGHV(LQWUDJVNQQHQ6LHDXFK =XVDW]PHQDXIUXIHQXQGELV]XUJHZQVFKWHQ)XQNWLRQEOW WHUQ $QUXIHU]XUFNUXIHQ 5XIQXPPHULQV7HOHIRQEXFKEHUQHKPHQ 5XIQXPPHUDXV$QUXIHUOLVWHOVFKHQ 9 5FNUXI = RGHU < 1ULQV7HOEXFK = RGHU < 1XPPHUOVFKHQ = $QUXIHUOLVWHHLQVWHOOHQ 6LHNQQHQHLQVWHOOHQ q QXUGLHQLFKWDQJHQRPPHQHQ$QUXIHZHUGHQJHVSHL FKHUW q DOOHDQNRPPHQGHQ$QUXIHZHUGHQJHVSHLFKHUW + 6(7"= ] %s = (LQVWHOOXQJHLQOHLWHQr$QUXIHUOLVWHZLUGDQJH]HLJW ] %$OOH$QUXIHHLQVWHOOHQ 1LFKWDQJHQRPPHQH$QUXIH $OOH$QUXIH (LQVWHOOXQJEHVWWLJHQXQG)XQNWLRQEHHQGHQ $QUXIHUOLVWHOVFKHQ $OOH(LQWUJHGHU$QUXIHUOLVWHZHUGHQJHOVFKW + 6(7 }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y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d9HUNHWWHQor9RUZDKOXQG5XIQXPPHU M< 9 1XPPHUYHUZHQGHQ = ] %P D 1HW]DQELHWHUOLVWHDXIUXIHQXQG1HW]DQELHWHUDXVZKOHQ =XVDW]PHQDXIUXIHQXQG)XQNWLRQEHVWWLJHQrGLH9RUZDKO QXPPHUZLUGDQJH]HLJW 5XIQXPPHUGHV7HLOQHKPHUVHLQJHEHQRGHU7HOHIRQEXFKII QHQXQG1XPPHUDXVZKOHQ :DKOYRUJDQJVWDUWHQrGLH9RUZDKOXQG5XIQXPPHUZLUGJH ZKOW . XU]ZDKOYRQ1HW]DQELHWHU r 6LHNQQHQVLFKLQGHU1HW]DQELHWHUOLVWH9RUZDKOQXP PHUQIUGLH. XU]ZDKO VSHLFKHUQZREHL6LHYRUGHP 1HW]DQELHWHUQDPHQHLQH. XU]ZDKOQXPPHU HLQJH EHQ] %d1HW]DQELHWHUQDPHo r 'XUFKODQJHV'UFNHQGHUHQWVSUHFKHQGHQ=LIIHUQWDVWH ZLUGGLHJHVSHLFKHUWH9RUZDKOQXPPHUDQJH]HLJW 9RUDXVVHW]XQJ1XPPHUIU. XU]ZDKOJHVSHLFKHUW ] % (QWVSUHFKHQGH=LIIHUQWDVWHODQJHGUFNHQr] %GLH XQWHUGHP1DPHQd1HW]DQELHWHUQDPHoJHVSHLFKHUWH9RU ZDKOQXPPHUZLUGDQJH]HLJW 5XIQXPPHUGHV7HLOQHKPHUVHLQJHEHQRGHU7HOHIRQEXFKII QHQXQG1XPPHUDXVZKOHQ :DKOYRUJDQJVWDUWHQr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x= 6\VWHP3, 1= q -HGHQGHUXQJVHW]WGLH=KOHUVWQGHDXI1XOO]X UFN'LH%HWUJHGHV7DVFKHQJHOGNRQWRVEOHLEHQ HUKDOWHQ q :LUGGHU3UHLVMH(LQKHLWDXI1XOOJHVHW]WZHUGHQ DXFKGLH%HWUJHGHU7DVFKHQJHOGNRQWHQJHOVFKW (LQVWHOOXQJHLQOHLWHQr. RVWHQIDNWRUZLUGDQJH]HLJW 6\VWHP3, 1GHU%DVLVVWDWLRQHLQJHEHQXQGEHVWWLJHQ/LHIHU ]XVWDQG rGLHDNWXHOOH(LQVWHOOXQJZLUGDQJH]HLJW *JIPLW7DVWH]ZLVFKHQ$Q]HLJHPLW'H]LPDOSXQNW RGHURKQH'H]LPDOSXQNW ZHFKVHOQ ] %s 3UHLVMH(LQKHLWHLQJHEHQ *JIPLW7DVWH:*HEKUHQVDW]DXIdoVHW]HQr (LQVWHOOXQJIU$Q]HLJHGHU(LQKHLWHQ = (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ *LJDVHW&RPIRUW, QODQG$*% NRVWHQIP . RVWHQEHZXWWHOHIRQLHUHQ 7DVWHQGUFNHQ *HVSUFKVNRVWHQDQ]HLJHQOVFKHQ 6LHNQQHQVLFKGLH. RVWHQSUR0RELOWHLOXQGDOOHU0RELOWHL OHDQ]HLJHQODVVHQ6LQG(LQKHLWHQHLQJHVWHOOWZHUGHQQDWU OLFKGLH(LQKHLWHQDQJH]HLJW + 6(7"= 6\VWHP3, 1= (LQVWHOOXQJHLQOHLWHQr. RVWHQVXPPHZLUGDQJH]HLJW 6\VWHP3, 1GHU%DVLVVWDWLRQHLQJHEHQXQGEHVWWLJHQ/LHIHU ]XVWDQG rGLH1XPPHUQDOOHUDQJHPHOGHWHQ0RELOWHLOH ZHUGHQDQJH]HLJW q . RVWHQDOOHU0RELOWHLOH 7DVWHGUFNHQ *JI$Q]HLJHPLW:OVFKHQXQG/VFKHQPLW= EHVWWLJHQ )XQNWLRQEHHQGHQ RGHU q . RVWHQHLQHVEHVWLPPWHQ0RELOWHLOV ] % 1XPPHUGHV0RELOWHLOVHLQJHEHQr6LHHUKDOWHQIROJHQGH$Q ]HLJH ] % ;_cdU^ce]]U !" !% . RVWHQGHVDNWXHOOHQ*HVSUFKV *HVDPWNRVWHQDOOHU*HVSUFKH *JI$Q]HLJHPLW:OVFKHQXQG/VFKHQPLW= EHVWWLJHQ )XQNWLRQEHHQGHQ /HW]WH*HVSUFKVNRVWHQDQ]HLJHQ , VWGLHVH)XQNWLRQHLQJHVFKDOWHWZHUGHQQDFK'UFNHQGHU $EKHEHQ7DVWHDLPPHUGLH*HVDPWNRVWHQ. RVWHQGHV OHW]WHQ*HVSUFKVDQJH]HLJW + 6(7y= 6\VWHP3, 1= ] % = (LQVWHOOXQJHLQOHLWHQr. RVWYRUK*HVSUZLUGDQJH]HLJW 6\VWHP3, 1GHU%DVLVVWDWLRQHLQJHEHQXQGEHVWWLJHQ /LHIHU]XVWDQG ] %$Q]HLJHHLQVFKDOWHQ (LQVFKDOWHQ $XVVFKDOWHQ /LHIHU]XVWDQG (LQVWHOOXQJVSHLFKHUQXQGEHHQGHQ *LJDVHW&RPIRUW, QODQG$*% NRVWHQIP . RVWHQEHZXWWHOHIRQLHUHQ 7DVWHQGUFNHQ 7DVFKHQJHOGNRQWR 9RUDXVVHW]XQJ'LH*HVSUFKVNRVWHQZHUGHQDQJH]HLJW 6LHNQQHQMHGHP0RELOWHLOHLQ*XWKDEHQIUH[WHUQH*H VSUFKH]XZHLVHQ, P*HVSUFKV]XVWDQGZLUGGDVDNWXHOOH *XWKDEHQDQJH]HLJW :HQQGDV*XWKDEHQ]X(QGHJHKWE]ZYHUEUDXFKWLVW r , P*HVSUFKV]XVWDQGHUWQWDEGHQOHW]WHQ(LQKHLWHQHLQ +LQZHLVWRQ%HL*XWKDEHQHQGHZLUGGLH9HUELQGXQJJH WUHQQW r 'LHLQGHU%DVLVVWDWLRQJHVSHLFKHUWHQ1RWUXIQXPPHUQNQ QHQ6LHLPPHUZKOHQ , VWGLH%DVLVVWDWLRQDXI*HVSUFKVHLQKHLWHQHLQJH VWHOOWGDQQZLUGGDV7DVFKHQJHOGNRQWRDXFKPLW(LQ KHLWHQJHIKUWVLHKH6HLWH *XWKDEHQIHVWOHJHQ + 6(7 "u= 6\VWHP3, 1= (LQVWHOOXQJHLQOHLWHQr7DVFKHQJHOGNRQWRZLUG DQJH]HLJW 6\VWHP3, 1GHU%DVLVVWDWLRQHLQJHEHQXQGEHVWWLJHQ /LHIHU]XVWDQG rGLH1XPPHUQDOOHUDQJHPHOGHWHQ0R ELOWHLOHZHUGHQDQJH]HLJW 5XIQXPPHUGHV0RELOWHLOVHLQJHEHQrGDV'LVSOD\]HLJWGHQ DNWXHOOHQ. RQWRVWDQGGHV0RELOWHLOVDQ %HWUDJIU*XWKDEHQHLQJHEHQVWHOOLJELV]XE]Z rDOWH$Q]HLJHZLUGJHOVFKW 0LWGHU/VFKWDVWH:NQQHQ6LHGHQ%HWUDJDXI1XOOVHW ]HQ *XWKDEHQVSHLFKHUQ)XQNWLRQEHHQGHQXQG QXQQRFKGDV7D VFKHQJHOGNRQWRHLQVFKDOWHQZLHQDFKIROJHQGEHVFKULHEHQ ] % ] %s""" = 7DVFKHQJHOGNRQWRHLQDXVVFKDOWHQ + 6(7 "= 6\VWHP3, 1= ] % ] % = )XQNWLRQHLQOHLWHQr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d=XU=HLWLVWQLHPDQGHUUHLFKEDU6LHNQQHQQDFKGHP6LJQDOWRQHLQH 1DFKULFKWKLQWHUODVVHQo (LQVFKDOWHQ $QUXIEHDQWZRUWHUHLQVFKDOWHQ $QGHU%DVLVVWDWLRQOHXFKWHWGLH$QUXIEHDQWZRUWHU7DVWH'HU$QUXIEH DQWZRUWHULVWDXIQDKPHEHUHLW I GHQGDQQVFKDOWHWVLFKGHU$QUXIEHDQWZRUWHUDXWRPDWLVFKDXI d$QUXIKLQZHLVRKQH$XIQDKPHPJOLFKNHLWoXP $XVVFKDOWHQ I $QUXIEHDQWZRUWHUDXVVFKDOWHQ 'LH/DPSHOHXFKWHWQLFKWPHKU , VWGHU6SHLFKHUYROOXQGHLQ7H[WGHU+LQZHLVDQVDJHYRUKDQ *LJDVHW&RPIRUW, QODQG$*% DQUXIEBFRPIRUWIP $QUXIEHDQWZRUWHU 7DVWHQGUFNHQ $QVDJHQDXVZKOHQ , P/LHIHU]XVWDQGLVWEHUHLWVHLQH6WDQGDUGDQVDJHYRUKDQGHQGLH6LH QLFKWOVFKHQNQQHQ d=XU=HLWLVWQLHPDQGHUUHLFKEDU6LHNQQHQQDFKGHP6LJQDOWRQHLQH 1DFKULFKWKLQWHUODVVHQo 'LHVH$QVDJHZLUGYHUZHQGHWVRODQJH6LHQRFKNHLQHHLJHQH$QVDJH DXIJHQRPPHQKDEHQE]Z, KUHSHUVQOLFKH$QVDJHJHOVFKWKDEHQ 6LHNQQHQ]ZLVFKHQIROJHQGHQ$QVDJHQZKOHQ q $QVDJHPLW1DFKULFKWHQDXI]HLFKQXQJXQG6FKOXDQVDJH q $QVDJHPLW1DFKULFKWHQDXI]HLFKQXQJXQG6FKOXDQVDJH q +LQZHLVDQVDJHRKQH$XIQDKPHPJOLFKNHLW 'LH+LQZHLVDQVDJHEHQWLJHQ6LHDXFKIUGLH'XUFKZDKOIXQNWLRQ VLHKH6 f c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f d $XIQDKPHHLQOHLWHQ 'HU$QUXIEHDQWZRUWHUUXIWDXWRPDWLVFKDOOHDQJHPHOGHWHQ0RELOWHLOH DQ9RQGHP0RELOWHLOYRQGHPGHU$QUXIDQJHQRPPHQZLUGZLUG GLH$XIQDKPHJHVWDUWHW $EKHEHQ7DVWHDP0RELOWHLOGUFNHQ 6LHKUHQGHQ%HUHLW7RQ 6SUHFKHQ6LHMHW]W, KUHQ$QVDJHWH[WRGHU, KUH+LQZHLVDQVDJH (LQHW\SLVFKH$QVDJHLVW]% d6LHVLQGPLWGHP$QVFKOXYRQ+HUUQ0HLHUYHUEXQGHQ, FKELQ]XU =HLWQLFKWHUUHLFKEDU6LHNQQHQPLUMHGRFKHLQH1DFKULFKWKLQWHUODV VHQ6SUHFKHQ6LHGD]XQDFKGHP6LJQDOWRQo D *LJDVHW&RPIRUW, QODQG$*% DQUXIEBFRPIRUWIP $QUXIEHDQWZRUWHU 7DVWHQGUFNHQ (LQHW\SLVFKH+LQZHLVDQVDJHLVW]% d6LHUXIHQDXHUKDOEXQVHUHU*HVFKIWV]HLWDQ6LHHUUHLFKHQXQV:R FKHQWDJVYRQELV8KUo :HOFKH+LQZHLVDQVDJHQ6LHIUGLH'XUFKZDKODXIVSUHFKHQNQQHQ OHVHQ6LHDXI6HLWH 'LH$XIQDKPHEULFKWDXWRPDWLVFKDE q EHLEHUVFKUHLWXQJGHUPD[LPDOHQ$XIQDKPHGDXHUYRQ6HNXQ GHQ q EHL6SUDFKSDXVHQGLHOQJHUDOV6HNXQGHQGDXHUQ $XIOHJHQ7DVWHDP0RELOWHLOGUFNHQ 'HUDXIJHQRPPHQH7H[WZLUGZLHGHUKROW $QVDJHPLW6FKOXDQVDJHDXIQHKPHQ f d 'XUFK'UFNHQDQGHU%DVLV$XIQDKPHHLQOHLWHQ 'XUFK'UFNHQDQGHU%DVLVUXIWGHU$QUXIEHDQWZRUWHUDXWRPDWLVFK DOOHDQJHPHOGHWHQ0RELOWHLOHDQ9RQGHP0RELOWHLOYRQGHPGHU$Q UXIDQJHQRPPHQZLUGZLUGGLH$XIQDKPHJHVWDUWHW $EKHEHQ7DVWHDP0RELOWHLOGUFNHQXQG$QVDJHDXIVSUHFKHQ 7DVWHDQGHU%DVLVGUFNHQ6LHZHUGHQDXIJHIRUGHUWHLQH6FKOXDQ VDJHDXI]XVSUHFKHQ (LQHW\SLVFKH6FKOXDQVDJHLVW]% d'LHPD[LPDOH$XIVSUHFKGDXHUIU, KUH1DFKULFKWLVWHUUHLFKW9LHOHQ 'DQNIU, KUHQ$QUXIo D c c 'XUFK'UFNHQDQGHU%DVLV$XIQDKPHEHHQGHQ 'LHDXIJHQRPPHQHQ7H[WHZHUGHQZLHGHUKROW $QVDJHQ]XU. RQWUROOHDQKUHQ f :LHGHUJDEHGXUFK'UFNHQDQGHU%DVLVHLQOHLWHQ 'LHDNWXHOOHLQJHVWHOOWH$QVDJHZLUGGXUFK'UFNHQDQGHU%DVLVZLH GHUJHJHEHQ XQGJJIOHLVHURGHUODXWHUVWHOOHQ'LH/DXWVWUNHZLUG JHVSHLFKHUW :LHGHUJDEHEHU/DXWVSUHFKHUGHU%DVLVVWDWLRQ PLW7DVWHQ *LJDVHW&RPIRUW, QODQG$*% DQUXIEBFRPIRUWIP $QUXIEHDQWZRUWHU 7DVWHQGUFNHQ f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c d cc /HLVHURGHUODXWHUVWHOOHQ :LHGHUJDEHDQKDOWHQ3DXVH :LHGHUJDEHIRUWVHW]HQ =XP$QIDQJGHUDNWXHOOHQ1DFKULFKWVSULQJHQ =XUYRUKHUJHKHQGHQ1DFKULFKWVSULQJHQPHKUPDOVGUFNHQ =XUQFKVWHQ1DFKULFKWVSULQJHQ =XGHQQFKVWHQ1DFKULFKWHQVSULQJHQPHKUPDOVGUFNHQ /DXIHQGH1DFKULFKWDOVdQHXoQRFKQLFKWDQJHKUW PDUNLHUHQ :LHGHUJDEHEHHQGHQ :LHGHUJDEHGHV'DWXPVXQGGHU8KU]HLW RGHU d 1DFKULFKWDQKUHQ :HQQGLH=HLWQLFKWHLQJHVWHOOWVLHKH6HLWH LVWHQWIOOWGLH /DXIHQGHDOWH 1DFKULFKWDOVdQHXoPDUNLHUHQ =XUJHZQVFKWHQ1DFKULFKWVSULQJHQHLQRGHUPHKUPDOVGUFNHQ 'LH1DFKULFKWLVWDOVdQHXoPDUNLHUW *LJDVHW&RPIRUW, QODQG$*% DQUXIEBFRPIRUWIP $QUXIEHDQWZRUWHU 7DVWHQGUFNHQ 1DFKULFKWHQOVFKHQ 6LHNQQHQHQWZHGHUDOOHRGHUHLQ]HOQHDOWH1DFKULFKWHQOVFKHQ $OOHDOWHQ1DFKULFKWHQOVFKHQ , P5XKH]XVWDQGGHV$QUXIEHDQWZRUWHUVGUFNHQ , QQHUKDOEYRQ6HNXQGHQGUFNHQ $OOH1DFKULFKWHQVLQGJHOVFKW 0HOGXQJd/VFKHQPLW5FNVSUXQJWDVWHEHVWWLJHQoGLH7DVWH cGUFNHQ (LQ]HOQHDOWH1DFKULFKWHQOVFKHQ RGHU 'LH:LHGHUJDEHGHU1DFKULFKWHQEHJLQQW =XUJHZQVFKWHQ1DFKULFKWVSULQJHQHLQRGHUPHKUPDOVGUFNHQ :KUHQGGHU:LHGHUJDEHGUFNHQ 'LH1DFKULFKWLVWJHOVFKW 6LHNQQHQGHQ/VFKYRUJDQJDEEUHFKHQLQGHP6LHQDFKGHU , QIRUPDWLRQHQDXIQHKPHQ 0LWGHP0RELOWHLONQQHQ6LH, QIRUPDWLRQHQIU, KUH0LWEHQXW]HUDXI VSUHFKHQ d $XIQDKPHHLQOHLWHQ 'HU$QUXIEHDQWZRUWHUUXIWDXWRPDWLVFKDOOH0RELOWHLOHDQ9RQGHP 0RELOWHLOYRQGHPGHU$QUXIDQJHQRPPHQZLUGZLUGGLH$XIQDKPH JHVWDUWHW $EKHEHQ7DVWHDP0RELOWHLOGUFNHQ6LHKUHQGHQ%HUHLW7RQ 6SUHFKHQ6LHMHW]W, KUH, QIRUPDWLRQHQDXI D $XIQDKPHDXWRPDWLVFKDE c %HL6SUHFKSDXVHQGLHOQJHUDOV6HNXQGHQGDXHUQEULFKWGLH $XIQDKPHGXUFK'UFNHQGHU7DVWHDQGHU%DVLVEHHQGHQ 6LHKUHQGHQ(QGH7RQ *LJDVHW&RPIRUW, QODQG$*% DQUXIEBFRPIRUWIP $QUXIEHDQWZRUWHU 7DVWHQGUFNHQ L %HGLHQXQJPLWGHP0RELOWHLO 6LHNQQHQGHQ$QUXIEHDQWZRUWHUPLW, KUHP0RELOWHLORGHUYRQXQWHU ZHJVVLHKH6 EHGLHQHQ 'LH=LIIHUQDXIGHP0RELOWHLORGHUDQHLQHPH[WHUQHQ7HOHIRQHQWVSUH FKHQIROJHQGHQ7DVWHQDXIGHU%DVLVVWDWLRQ 1 4 f 2 c 3 d 5 I 6 'LUHNW DQVSUHFKHQ 7 1HX 8 9 6WDWXV+LOIH D 0 # $QUXIEHDQWZRUWHUHLQDXVVFKDOWHQ , 17 y 9HUELQGXQJPLWGHP$QUXIEHDQWZRUWHUKHUVWHOOHQ (LQRGHUDXVVFKDOWHQ 9HUELQGXQJEHHQGHQ *LJDVHW&RPIRUW, QODQG$*% DQUXIEBFRPIRUWIP $QUXIEHDQWZRUWHU 7DVWHQGUFNHQ , 17 x $QVDJHDXVZKOHQ 9HUELQGXQJPLWGHP$QUXIEHDQWZRUWHUKHUVWHOOHQ $EIUDJHQGHUDNWXHOOHQ$QVDJH =XUQFKVWHQ$QVDJH =XUYRUKHULJHQ$QVDJH (LQVWHOOHQGHUQHXHQ$QVDJH 9HUELQGXQJEHHQGHQ $QVDJHDXIQHKPHQ , 17 xw 9HUELQGXQJPLWGHP$QUXIEHDQWZRUWHUKHUVWHOOHQ $XIQDKPHGHUDXVJHZKOWHQ$QVDJHEHJLQQHQ 6FKOXDQVDJHQDFK$XIIRUGHUXQJDXIVSUHFKHQ $XIQDKPHEHHQGHQ 9HUELQGXQJEHHQGHQ 6LHELWWH]ZHLPDOGLH7DVWHNXU]KLQWHUHLQDQGHU $QVDJH]XU. RQWUROOHDQKUHQ , 17 xs 9HUELQGXQJPLWGHP$QUXIEHDQWZRUWHUKHUVWHOOHQ $XVJHZKOWH$QVDJHZLHGHUJHEHQ 9HUELQGXQJEHHQGHQ 0FKWHQ6LHNHLQHQ6FKOXDQVDJHWH[WDXIQHKPHQGUFNHQ $QVDJHOVFKHQ , 17 x" 9HUELQGXQJPLWGHP$QUXIEHDQWZRUWHUKHUVWHOOHQ $XVJHZKOWH$QVDJHOVFKHQ 9HUELQGXQJEHHQGHQ *LJDVHW&RPIRUW, QODQG$*% DQUXIEBFRPIRUWIP $QUXIEHDQWZRUWHU 7DVWHQGUFNHQ 1DFKULFKWHQDQKUHQ 1HXH1DFKULFKWZHUGHQDP'LVSOD\GHV0RELOWHLOVGXUFKGDV6\PERO , DQJH]HLJW 6LHNQQHQ1DFKULFKWHQZDKOZHLVHEHUGLH=LIIHUQWDVWHQGHV0RELO WHLOVRGHUEHUGLH'LVSOD\7DVWHQDQKUHQ 1DFKULFKWHQEHUGLH=LIIHUQWDVWHQDQKUHQ , 17 s s 9HUELQGXQJPLWGHP$QUXIEHDQWZRUWHUKHUVWHOOHQ $OOH1DFKULFKWHQDQKUHQ :LHGHUJDEHDQKDOWHQ3DXVH :LHGHUJDEHIRUWVHW]HQ =XP$QIDQJGHUDNWXHOOHQ1DFKULFKWVSULQJHQ =XUYRUKHUJHKHQGHQ1DFKULFKWVSULQJHQPHKUPDOVGUFNHQ =XUQFKVWHQ1DFKULFKWVSULQJHQ =XGHQQFKVWHQ1DFKULFKWVSULQJHQPHKUPDOVGUFNHQ /DXIHQGH1DFKULFKWDOVdQHXoQRFKQLFKWDQJHKUW PDUNLHUHQ :LHGHUJDEHEHHQGHQ 9HUELQGXQJEHHQGHQ 1DFKULFKWHQEHUGLH'LVSOD\7DVWHQDQKUHQ , :HQQLQGHU$QUXIHUOLVWHQHXH(LQWUJHYRUKDQGHQXQGQHXH1DFKULFK WHQDXIJHQRPPHQZXUGHQGDQQZLUG, KQHQDP'LVSOD\HLQH$XVZDKO DQJHERWHQ$Q]HLJH :HQQQXUQHXH1DFKULFKWHQDXIJHQRPPHQ ZXUGHQGDQQVHKHQ6LHVRIRUWGLH$Q]HLJHXQGEUDXFKHQNHLQH $XVZDKO]XWUHIIHQ $Q]HLJH , QEHLGHQ/LVWHQQHXH(LQWUJH 1^beVUb\YcdU 1^beVRUQ^dg_bdUb ;<\ = <$QUXIEHDQWZRUWHU = DXVZKOHQ 'LH$Q]DKOGHUQHXHQXQGDOWHQ1DFKULFKWHQZLUGDP'LVSOD\DQJH ]HLJWVLHKH$Q]HLJH 0 $Q]HLJH 1^jQX\>QSXb >UeU*( 1\d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q :HLWHU q $NW1DFKUOVFKHQ q 5FNUXI q 6WDWXVDXIQHX q 1ULQV7HOEXFK 'LH%HGLHQXQJGHUEULJHQ)XQNWLRQHQHUIROJWPLWGHU=LIIHUQ WDVWDWXU $XIOHJHQ7DVWHDP0RELOWHLOGUFNHQ *LJDVHW&RPIRUW, QODQG$*% DQUXIEBFRPIRUWIP $QUXIEHDQWZRUWHU 7DVWHQGUFNHQ , 17 s RGHU /DXIHQGHDOWH 1DFKULFKWDOVdQHXoPDUNLHUHQ 9HUELQGXQJPLWGHP$QUXIEHDQWZRUWHUKHUVWHOOHQ 1DFKULFKWHQDQKUHQ =XUJHZQVFKWHQ1DFKULFKWVSULQJHQHLQRGHUPHKUPDOVGUFNHQ 'LH1DFKULFKWLVWDOVdQHXoPDUNLHUW 9HUELQGXQJEHHQGHQ 1DFKULFKWHQOVFKHQ 6LHNQQHQHQWZHGHUDOOHRGHUHLQ]HOQHDOWH1DFKULFKWHQOVFKHQ $OOHDOWHQ1DFKULFKWHQOVFKHQ , 17 " 9HUELQGXQJPLWGHP$QUXIEHDQWZRUWHUKHUVWHOOHQ /VFKYRUJDQJHLQOHLWHQ , QQHUKDOEYRQ6HNXQGHQGUFNHQ $OOHDOWHQ1DFKULFKWHQVLQGJHOVFKW 9HUELQGXQJEHHQGHQ (LQ]HOQHDOWH1DFKULFKWHQOVFKHQ , 17 s RGHU " 9HUELQGXQJPLWGHP$QUXIEHDQWZRUWHUKHUVWHOOHQ 1DFKULFKWHQDQKUHQ =XUJHZQVFKWHQ1DFKULFKWVSULQJHQHLQRGHUPHKUPDOVGUFNHQ :KUHQGGHU:LHGHUJDEHGUFNHQ 'LH1DFKULFKWLVWJHOVFKW 9HUELQGXQJEHHQGHQ , QIRUPDWLRQHQDXIQHKPHQ , 17 w 9HUELQGXQJPLWGHP$QUXIEHDQWZRUWHUKHUVWHOOHQ $XIQDKPHHLQOHLWHQ 1DFKGHP%HUHLW7RQ, QIRUPDWLRQDXIVSUHFKHQ $XIQDKPHEHHQGHQ 9HUELQGXQJEHHQGHQ *LJDVHW&RPIRUW, QODQG$*% DQUXIEBFRPIRUWIP $QUXIEHDQWZRUWHU 7DVWHQGUFNHQ 'XUFKVDJHDXVIKUHQ 6LHNQQHQEHUGHQ/DXWVSUHFKHUGHU%DVLVVWDWLRQHLQH'XUFKVDJH PDFKHQ'HU$QUXIEHDQWZRUWHUGDUI]XP=HLWSXQNWGHU'XUFKVDJHNHL QH1DFKULFKWDXIQHKPHQ , 17 9HUELQGXQJPLWGHP$QUXIEHDQWZRUWHUKHUVWHOOHQ 'XUFKVDJHIXQNWLRQHLQVFKDOWHQ 'XUFKVDJHEHHQGHQ 9HUELQGXQJEHHQGHQ *LJDVHW&RPIRUW, QODQG$*% DQUXIEBFRPIRUWIP $QUXIEHDQWZRUWHU 7DVWHQGUFNHQ 9RQXQWHUZHJVEHGLHQHQ)HUQDEIUDJH 6LHNQQHQGHQ$QUXIEHDQWZRUWHU, KUHU%DVLVVWDWLRQYRQMHGHPDQGH UHQ7HOHIRQ]%+RWHO7HOHIRQ]HOOH ZLHPLWGHP0RELOWHLOEHUGLH =LIIHUQWDVWHQEHGLHQHQ 6LHPVVHQMHGRFKYRUKHU, KUH6\VWHP3, 1QGHUQ VLHKH6HLWH $QJDEHQ]XGHQ)XQNWLRQHQXQGGHQHQWVSUHFKHQGHQ%HGLHQVFKULWWHQ ILQGHQ6LHDE6HLWH PVVHQ6LHHLQHQ7RQVHQGHUEHQW]HQ P }P (LJHQH5XIQXPPHUZKOHQ 6LHKUHQ, KUHQ$QVDJHWH[W }7DVWHXQG6\VWHP3, 1HLQJHEHQ (LQH[WHUQHV7HOHIRQPXEHU7RQZDKOYHUIJHQ$QGHUQIDOOV $QUXIEHDQWZRUWHUDXVGHU)HUQHHLQVFKDOWHQ 6LHKDEHQYHUJHVVHQ, KUHQ$QUXIEHDQWZRUWHUHLQ]XVFKDOWHQ/DVVHQ 6LH, KU7HOHIRQFD0LQXWHNOLQJHOQ 6LHKUHQd%LWWH3, 1HLQJHEHQo }P }7DVWHXQG6\VWHP3, 1HLQJHEHQ , KU$QUXIEHDQWZRUWHULVWMHW]WHLQJHVFKDOWHW 6FKHFNNDUWHQIRUPDW , P$QKDQJILQGHQ6LHIUGLH)HUQDEIUDJHHLQH$QOHLWXQJLP +LOIHQXQG6WDWXVDEIUDJH +LOIHQXQG6WDWXVDEIUDJHQNQQHQ6LHQXUYRQHLQHPH[WHUQHQ7HOHIRQ DXIUXIHQ } $EIUDJHQGHV*HUWH]XVWDQGVXQGGHU)HUQVWHXHUIXQNWLRQHQ 6LHKUHQKLQWHUHLQDQGHUIROJHQGH6WDWXVPHOGXQJHQ q $Q]DKO1DFKULFKWHQ q +LQZHLVDQVDJHYRUKDQGHQE]ZQLFKWYRUKDQGHQ q (LQJHVWHOOWH$QVDJH q $QUXIEHDQWZRUWHUHLQE]ZDXV q 5HVWVSHLFKHU]HLW q JJI=HLWHLQVWHOOXQJQLFKWYRUKDQGHQ q )XQNWLRQV]XRUGQXQJ]XGHQ7DVWHQXQG } 6WDWXVPHOGXQJHQEHUVSULQJHQ +LOIHXQG6WDWXVDEIUDJHEHHQGHQ *LJDVHW&RPIRUW, QODQG$*% DEHLQVWBFRPIRUWIP $QUXIEHDQWZRUWHULQGLYLGXHOOHLQVWHOOHQ 7DVWHQGUFNHQ $QUXIEHDQWZRUWHU LQGLYLGXHOOHLQVWHOOHQ , P/LHIHU]XVWDQGLVWGHU$QUXIEHDQWZRUWHURSWLPDOIU6LHHLQJHVWHOOW *HZQVFKWH(LQVWHOOXQJHQHUIROJHQYRP0RELOWHLODXV $Q]DKOGHU5XIWQH *HEKUHQVSDUIXQNWLRQ , 176(7"= "RGHUs (LQVWHOOXQJHLQOHLWHQ 6LHNQQHQ]ZLVFKHQELV5XIWQHQXQGGHU*HEKUHQVSDUIXQNWLRQ ZKOHQ, VWGLH*HEKUHQVSDUIXQNWLRQHLQJHVWHOOWHUNHQQHQ6LHRE QHXH1DFKULFKWHQYRUKDQGHQVLQG 'HU$QUXIEHDQWZRUWHUZLUGDNWLYQDFK q 5XIWQHQHVVLQGQHXH1DFKULFKWHQYRUKDQGHQ q 5XIWQHQHVVLQGNHLQHQHXHQ1DFKULFKWHQYRUKDQGHQ /LHIHU]XVWDQG*HEKUHQVSDUIXQNWLRQ = (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ 1DFKULFKWHQOQJH , 176(7= s u = (LQVWHOOXQJHLQOHLWHQ /LHIHU]XVWDQG6HNXQGHQ 6HNXQGHQ 6HNXQGHQ 6HNXQGHQ XQEHJUHQ]W (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ *LJDVHW&RPIRUW, QODQG$*% DEHLQVWBFRPIRUWIP $QUXIEHDQWZRUWHULQGLYLGXHOOHLQVWHOOHQ 7DVWHQGUFNHQ 3DXVHQDFK:LHGHUJDEHHLQHU 1DFKULFKW (LQVWHOOXQJHLQOHLWHQ 6FKDOWHQ6LHGLHVH)XQNWLRQHLQ VFKDOWHWGHU$QUXIEHDQWZRUWHU QDFKMHGHUZLHGHUJHJHEHQHQ1DFKULFKWLQGHQ3DXVHQ]XVWDQG /LHIHU]XVWDQGNHLQH3DXVH (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ , 176(7s= "RGHU = =HLWDQJDEHIUMHGH1DFKULFKW , 176(7= "RGHU = (LQVWHOOXQJHLQOHLWHQ 6LHNQQHQGLH=HLWDQJDEHDXVVFKDOWHQ /LHIHU]XVWDQG1DFKULFKWPLW=HLWDQJDEH (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ 0LWKUHQDQGHU%DVLV , 176(7u= "RGHU (LQVWHOOXQJHLQOHLWHQ :HQQ6LHZKUHQGGHU$XIQDKPHHLQHU1DFKULFKWQLFKWPLWKUHQZRO OHQ /LHIHU]XVWDQG0LWKUHQHLQJHVFKDOWHW = (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ 'XUFKVDJH'LUHNWDQVSUHFKHQ , 176(7w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x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d&UHVFHQGRo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rDXFKZK UHQGGHV*HVSUFKV (LQVWHOOXQJHQ = $XGLR = < +UHUODXWVWUNH = +UHURGHU/DXWVSUHFKHUODXWVWUNHDXVZKOHQXQGEHVWWL JHQr]XUOHLFKWHUHQ(LQVWHOOXQJHUWQWHLQH0HORGLHLQGHUDN WXHOOHQ/DXWVWUNH 0HQ7DVWHGUFNHQ )XQNWLRQEHVWWLJHQ RGHU < /DXWVSUHFKHU = = *HZQVFKWH/DXWVWUNHHLQVWHOOHQXQGVSHLFKHUQ )XQNWLRQEHHQGHQLP*HVSUFKV]XVWDQGQLFKWGUFNHQ *LJDVHW&RPIRUW, QODQG$*% PRELOWIP 0RELOWHLOLQGLYLGXHOOHLQVWHOOHQ 7DVWHQGUFNHQ 7QHHLQDXVVFKDOWHQ 6LHNQQHQIROJHQGH:DUQXQG6LJQDOWQHHLQDXVVFKDOWHQ q 7DVWHQNOLFN-HGHU7DVWHQGUXFNZLUGEHVWWLJW q $NNXZDUQWRQ'HU$NNXPXJHODGHQZHUGHQ q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doGLHLQWHUQH1XPPHUGHV 0HQ7DVWHGUFNHQ )XQNWLRQDXVZKOHQ *HZQVFKWH%DVLVVWDWLRQDXVZKOHQ )XQNWLRQEHVWWLJHQ *HZQVFKWHQ1DPHQHLQJHEHQ (LQJDEHYRQ%XFKVWDEHQXQG=HLFKHQVLHKH6HLWH 1DPHVSHLFKHUQ <6WDWLRQHQ = <9 1DPHQGHUQ = 1DPH 9(LQWUDJVLFKHUQ = $QZHLWHUHQ%DVLVVWDWLRQHQ DQPHOGHQ 6LHNQQHQ, KU0RELOWHLODQELV]X%DVLVVWDWLRQHQQXW]HQ $QPHOGXQJDP*LJDVHW VLHKH6HLWH %DVLVVWDWLRQZHFKVHOQ 9RUDXVVHW]XQJ'DV0RELOWHLOLVWDQPHKUHUHQ%DVLVVWDWLR QHQDQJHPHOGHW 6LHNQQHQGDV0RELOWHLO q DXIHLQHEHVWLPPWH%DVLVVWDWLRQIHVWHLQVWHOOHQRGHU q DXI%HVWH6WDWLRQHLQVWHOOHQrGDPLWHUIROJWHLQ DXWRPDWLVFKHU:HFKVHO]XUGHU%DVLVVWDWLRQPLWEHVWHP (PSIDQJ <6WDWLRQHQ = <9 <$XVZKOHQ = 0HQ7DVWHGUFNHQ )XQNWLRQDXVZKOHQ %HVWLPPWH%DVLVVWDWLRQRGHU%HVWH6WDWLRQDXVZKOHQ (LQVWHOOXQJVSHLFKHUQ *LJDVHW&RPIRUW, QODQG$*% PRELOWIP 0RELOWHLOLQGLYLGXHOOHLQVWHOOHQ 7DVWHQGUFNHQ , QGHQ/LHIHU]XVWDQG]XUFNVHW]HQ q 'LH7HOHIRQ3, 10RELOWHLO3, 1 ZLUGQLFKW]XUFN JHVHW]W q 'DV7HOHIRQEXFKGLH1HW]DQELHWHUOLVWHXQGGLH $QUXIHUOLVWHZHUGHQQLFKWJHOVFKW /LHIHU]XVWDQGGHV0RELOWHLOV 6SUDFKHLQVWHOOXQJ 'LUHNWUXIQXPPHU :DKOZLHGHUKROXQJ $XWRPDWLVFKH5XIDQQDKPH 7DVWHQNOLFN$NNXZDUQWRQ 4XLWWXQJVWQH +UHUODXWVWUNH5XIWRQPHORGLH /DXWVSUHFKHU/DXWVWUNH 5XIWRQODXWVWUNH . XU]HU5XIWRQ+LQZHLVWRQ 7HOHIRQVSHUUH %DE\SKRQ3HJHO (LQVWHOOXQJHQ = </LHIHU]XVWDQG = 7HOHIRQ3, 1= 0HQ7DVWHGUFNHQ )XQNWLRQEHVWWLJHQ )XQNWLRQDXVZKOHQXQGEHVWWLJHQ 7HOHIRQ3, 1HLQJHEHQEHVWWLJHQ/LHIHU]XVWDQG XQG )XQNWLRQEHHQGHQ 'HXWVFK JHOVFKW (LQ $XV *LJDVHW&RPIRUW, QODQG$*% EDVLVVWIP %DVLVVWDWLRQHLQVWHOOHQ 7DVWHQGUFNHQ %DVLVVWDWLRQHLQVWHOOHQ $OOH(LQVWHOOXQJHQIUGLH%DVLVVWDWLRQZHUGHQEHUGDV0R ELOWHLOGXUFKJHIKUW 5XIWRQODXWVWUNHHLQVWHOOHQ 6LHNQQHQ]ZLVFKHQ5XIWRQODXWVWUNHQGHPd&UHVFHQ GRo5XI/DXWVWUNHQLPPW]X XQG5XIWRQDXVZKOHQ + 6(7"= ] %u (LQVWHOOXQJHLQOHLWHQrGHU5XIWRQHUWQW/DXWVW6WDWLRQ XQGGLHDNWXHOOH(LQVWHOOXQJZLUGDQJH]HLJW 1XPPHUGHUJHZQVFKWHQ5XIWRQODXWVWUNHHLQJHEHQ /DXWVWUNH6WXIHQ ELV&UHVFHQGR 5XIWRQDXVJHVFKDOWHW (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ = 5XIWRQPHORGLHHLQVWHOOHQ 6LHNQQHQ]ZLVFKHQ5XIWRQPHORGLHQZKOHQ + 6(7"w= ] % = (LQVWHOOXQJHLQOHLWHQrGLH0HORGLHHUWQW0HORGLH6WDWL RQXQGGLHDNWXHOOH(LQVWHOOXQJZLUGDQJH]HLJW *HZQVFKWH5XIWRQPHORGLH HLQJHEHQ (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ 7DVWHQNOLFNHLQVWHOOHQ + 6(7= 6\VWHP3, 1= ] %" = (LQVWHOOXQJHLQOHLWHQrGLHDNWXHOOH(LQVWHOOXQJZLUGDQJH]HLJW 6\VWHP3, 1GHU%DVLVVWDWLRQHLQJHEHQXQGEHVWWLJHQ /LHIHU]XVWDQG ]%7DVWHQNOLFNDXVVFKDOWHQ $XVVFKDOWHQ (LQVFKDOWHQ (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ *LJDVHW&RPIRUW, QODQG$*% EDVLVVWIP %DVLVVWDWLRQHLQVWHOOHQ 7DVWHQGUFNHQ :DUWHPHORGLHHLQDXVVFKDOWHQ 'LH:DUWHPHORGLHKUWHLQ$QUXIHULPd+DOWHo=XVWDQG ]%EHLLQWHUQHU5FNIUDJH (LQVWHOOXQJHLQOHLWHQr:DUWHPHORGLHZLUGDQJH]HLJW 6\VWHP3, 1GHU%DVLVVWDWLRQHLQJHEHQXQGEHVWWLJHQ /LHIHU]XVWDQG ] %:DUWHPHORGLHDXVVFKDOWHQ $XVVFKDOWHQ (LQVFKDOWHQ (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ + 6(7u= 6\VWHP3, 1= ] %" = 3DXVHQ]HLWHQHLQVWHOOHQ 3DXVHQDFK%HOHJHQGHU/HLWXQJ 0LWGLHVHU)XQNWLRQNQQHQ6LHGLH/QJHGHU3DXVHHLQVWHO OHQGLHQDFK'UFNHQGHU$EKHEHQ7DVWHDLPPHUDXWRPD WLVFKHLQJHIJWZLUGEHYRUGLH5XIQXPPHUJHVHQGHWZLUG + 6(7u= 6\VWHP3, 1= ] %s (LQVWHOOXQJHLQOHLWHQ 6\VWHP3, 1GHU%DVLVVWDWLRQHLQJHEHQXQGEHVWWLJHQ /LHIHU]XVWDQG 3DXVHQOQJHHLQJHEHQ 6HNXQGH 6HNXQGHQ 6HNXQGHQ 6HNXQGHQ (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ = 3DXVHIU57DVWH 0LWGLHVHU)XQNWLRQNQQHQ6LHGLH/QJHGHU3DXVHHLQVWHO OHQGLHQDFK'UFNHQGHU6LJQDOWDVWH4HLQJHIJWZLUG + 6(7uw= 6\VWHP3, 1= ] % = (LQVWHOOXQJHLQOHLWHQ 6\VWHP3, 1GHU%DVLVVWDWLRQHLQJHEHQXQGEHVWWLJHQ /LHIHU]XVWDQG 3DXVHQOQJHHLQJHEHQ 6HNXQGHQ 6HNXQGHQ 6HNXQGHQ (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ *LJDVHW&RPIRUW, QODQG$*% EDVLVVWIP %DVLVVWDWLRQHLQVWHOOHQ 7DVWHQGUFNHQ , QGHQ/LHIHU]XVWDQG]XUFNVHW]HQ %HLP5FNVHW]HQZLUGGLH6\VWHP3, 1QLFKWJHQGHUWXQG GLH$QPHOGXQJGHU0RELOWHLOHEOHLEWHUKDOWHQ 6LHNQQHQZKOHQ q $OOHVLQ/LHIHU]XVWDQG]XUFNVHW]HQVLHKHQDFKIROJHQGH 7DEHOOH q 1XU$QUXIHUOLVWHOVFKHQ q 1XU*HVSUFKVNRVWHQ(LQKHLWHQOVFKHQ /LHIHU]XVWDQGGHU%DVLVVWDWLRQ 5XIWRQODXWVWUNH 5XIWRQPHORGLH 3UHLVSUR(LQKHLW 5XIQXPPHUQVSHUUHQ ]XODVVHQ6\VWHPVSHUUH OHW]WH*HVSUFKVNRVWHQ 1XPPHUIU6SHUUHQ =XODVVHQ7DVFKHQJHOGNRQWHQ *HVSHLFKHUWH1RWUXIQXPPHUQ ([WHUQH:DKODOOH0RELOWHLOH :DKOYHUIDKUHQ )ODVK]HLWDQ 7HOHIRQDQODJHQ 3DXVHQDFK57DVWH 3DXVHQDFK%HOHJHQGHU /HLWXQJ([WHUQ. HQQ]DKO + 6(7}= 6\VWHP3, 1= ] %" %5' VWHUUHLFK %5' VWHUUHLFK $XV *HOVFKW 0JOLFK 0)9)ODVKPV 0)9)ODVKHLQVWHOOEDU PV PV PV V (LQVWHOOXQJHLQOHLWHQr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dWHLOHQVLFKpGHQ6SHLFKHU %HLVSLHOHIUVSHLFKHUEDUH*HUWH0DNURV )XQNWLRQHQ )XQNWLRQ =XYRUHLQJHULFKWHWH6SHUUH(, 1 =XYRUHLQJHULFKWHWH6SHUUH$86 9HUELQGHQRKQH:DKO(, 1 9HUELQGHQRKQH:DKO$86 (LQJDEH & & 1 *HUWH0DNURVSHLFKHUQ <*HUWH0DNURV = 9 <1HXHU(LQWUDJ = 1DPH < , QKDOW 9 (LQWUDJVLFKHUQ = 0HQ7DVWHGUFNHQ )XQNWLRQDXVZKOHQ =XVDW]PHQIIQHQ )XQNWLRQDXVZKOHQ 1DPHGHV0DNURVHLQJHEHQ (LQJDEHYRQ%XFKVWDEHQXQG=HLFKHQVLHKH6HLWH , QGLHQFKVWH=HLOHVSULQJHQ 0DNUR, QKDOWHLQJHEHQVLHKHDXFKQDFKIROJHQGH+LQZHLVH XQGd(OHPHQWHLQIJHQo6HLWH =XVDW]PHQIIQHQ (LQWUDJVSHLFKHUQ q %HL(LQJDEHGHU1XPPHUJJI:DKOSDXVHPLW6L JQDO7DVWH4ODQJGUFNHQ RGHU1XPPHUDXV 1HW]DQELHWHUOLVWHEHU=XVDW]PHQ9HLQIJHQ q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d7HOHIRQEXFK1HW]DQELHWHUOLVWHVHQGHQo 6HLWH (LQ]HOQHV0DNURVHQGHQ <*HUWH0DNURV = <9 0HQ7DVWHGUFNHQ *HZQVFKWH)XQNWLRQDXVZKOHQ *HZQVFKWHV0DNURDXVZKOHQXQG=XVDW]PHQIIQHQ :HLWHUH%HGLHQVFKULWWHZLHEHL7HOHIRQEXFK1HW]DQELHWHUOL VWHVLHKHd(LQWUDJVHQGHQo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r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dHUUHLFKEDUp%HLHL QHP$QUXIGLH$EKHEHQ7DVWHDGUFNHQ (LQVWHOOXQJHQ = <6LFKHUKHLW = 7HOHIRQ3, 1= <7HOHIRQVSHUUH = 7HOHIRQ3, 1HLQJHEHQ/LHIHU]XVWDQG )XQNWLRQDXVZKOHQrGLH7HOHIRQVSHUUHLVWHLQJHVFKDOWHW 7HOHIRQVSHUUHDXVVFKDOWHQ 'LVSOD\7DVWHGUFNHQ7HOHIRQ3, 1HLQJHEHQXQG EHVWWLJHQ 0HQ7DVWHGUFNHQ )XQNWLRQDXVZKOHQ $867HOHIRQ3, 1= 1RWUXIQXPPHUZKOHQ 9RUDXVVHW]XQJ6LHKDEHQGLH1RWUXIQXPPHULQGHU%DVLV VWDWLRQJHVSHLFKHUWVLHKH6HLWH , P/LHIHU]XVWDQGLVWEHUHLWVJHVSHLFKHUW 12758)P 'LVSOD\7DVWHGUFNHQXQGVRIRUW1RWUXIQXPPHUHLQJHEHQ ] % *LJDVHW&RPIRUW, QODQG$*% VLFKHU%6IP 6LFKHUKHLWDQGHU%DVLVVWDWLRQ 7DVWHQGUFNHQ 6LFKHUKHLWDQGHU %DVLVVWDWLRQ 6\VWHP3, 1GHU%DVLVVWDWLRQ QGHUQ + 6(7"x= 6\VWHP3, 1= [1HXH6\VWHP3, 1= (LQVWHOOXQJHLQOHLWHQr6\VWHP3, 1ZLUGDQJH]HLJW $NWXHOOH6\VWHP3, 1GHU%DVLVVWDWLRQHLQJHEHQXQGEHVWWL JHQ/LHIHU]XVWDQG =ZHLPDO1HXH6\VWHP3, 1GHU%DVLVVWDWLRQHLQJHEHQ =LIIHUQ XQGEHVWWLJHQrGDQDFKLVWGLHQHXH6\VWHP3, 1 JHVSHLFKHUW )XQNWLRQEHHQGHQ 6\VWHPVSHUUHHLQDXVVFKDOWHQ %HLHLQJHVFKDOWHWHU6\VWHPVSHUUHVLQGDEJHKHQGHH[WHUQH $QUXIHIUDOOH0RELOWHLOHJHVSHUUW 'LH:DKOYRQJHVSHLFKHUWHQ1RWUXIQXPPHUQLVWPJOLFKVLH KH6HLWH + 6(7""= 6\VWHP3, 1= ] %s = (LQVWHOOXQJHLQOHLWHQr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r%HUHFKW1XPPHUQZLUGDQJH]HLJW 6\VWHP3, 1GHU%DVLVVWDWLRQHLQJHEHQXQGEHVWWLJHQ /LHIHU]XVWDQG rGHU (LQWUDJZLUGDQJH]HLJW ] % 2UbUSXd>e]]Ub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r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s= 6\VWHP3, 1= (LQVWHOOXQJHLQOHLWHQr1RWUXIQXPPHUQZLUGDQJH]HLJW 6\VWHP3, 1GHU%DVLVVWDWLRQHLQJHEHQXQGEHVWWLJHQ /LHIHU]XVWDQG rGHU(LQWUDJZLUGDQJH]HLJW ] % >_dbeV^e]]Ub^ "!_ /HHU]HLFKHQRGHU5XIQXPPHU 6SHLFKHUSODW]ELV YRUKHUHLQJHJHEHQH )XQNWLRQVQXPPHUQ *JIPLW<ELV]XPJHZQVFKWHQ(LQWUDJ6SHLFKHUSODW] EOWWHUQ = P = $QJH]HLJWHQ(LQWUDJDXVZKOHQ 1RWUXIQXPPHUELV]X6WHOOHQ HLQJHEHQRGHUQGHUQ *JI1XPPHUPLW:OVFKHQ (LQWUDJVSHLFKHUQXQG)XQNWLRQEHHQGHQ *LJDVHW&RPIRUW, QODQG$*% PHKUH07VIP 0HKUHUH0RELOWHLOHQXW]HQ 7DVWHQGUFNHQ LL 0HKUHUH0RELOWHLOH L QXW]HQ :HLWHUH0RELOWHLOHDQPHOGHQ q $QGLH%DVLVVWDWLRQ*LJDVHWNQQHQ6LHELV]X 0RELOWHLOHDQPHOGHQXQGQXW]HQ q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r] %$QPHOGHYRUJDQJ6WDWLRQ ZLUGDQJH]HLJW 6FKULWW $Q%DVLVVWDWLRQ ! 7DVWHDQGHU%DVLVVWDWLRQVRODQJHGUFNHQELVHLQ6LJQDO WRQDQGHU%DVLVVWDWLRQHUWQWHWZD6HNXQGHQGUFNHQ r QDFKHLQLJHQ6HNXQGHQZHUGHQGLHQRFKIUHLHQLQWHUQHQ5XI QXPPHUQDQJH]HLJW] %GLH1XPPHUKDWGDVPLW JHOLHIHUWH0RELOWHLO 6FKULWW ] %s *HZQVFKWHLQWHUQH5XIQXPPHUGHV0RELOWHLOVHLQJHEHQ rEHLHUIROJUHLFKHU$QPHOGXQJZLUGGHU6WDWLRQVQDPH] % 6WDWLRQGDXHUQGDQJH]HLJWEOLQNWQLFKWPHKU , KU0RELOWHLOLVWHLQVDW]EHUHLW *LJDVHW&RPIRUW, QODQG$*% PHKUH07VIP 0HKUHUH0RELOWHLOHQXW]HQ 7DVWHQGUFNHQ q *LJDVHWDQPHOGHQ :LH6LHGLHVH0RELOWHLOHYRUEHUHLWHQHQWQHKPHQ6LH ELWWHGHU%HGLHQXQJVDQOHLWXQJGLHVHU0RELOWHLOH q d)UHPGHo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rNRVWHQORV + ] %s 'LVSOD\7DVWHGUFNHQrGLHLQWHUQH5XIQXPPHU, KUHV 0RELOWHLOVZLUGDQJH]HLJW , QWHUQH5XIQXPPHUGHVDQGHUHQ0RELOWHLOVHLQJHEHQ $OOH0RELOWHLOHDQUXIHQ$1$//( *HVSUFKEHHQGHQ $XIOHJHQ7DVWHGUFNHQ *HVSUFKZHLWHUJHEHQ 6LHNQQHQ6LHHLQH[WHUQHV*HVSUFKDQHLQDQGHUHV0RELO WHLOZHLWHUJHEHQYHUELQGHQ + ] %s 'LVSOD\7DVWHGUFNHQrGHUH[WHUQH7HLOQHKPHUKUWGLH:DU WHPHORGLH , QWHUQH5XIQXPPHUHLQJHEHQ :HQQVLFKGHU7HLOQHKPHUPHOGHW $XIOHJHQ7DVWHGUFNHQXPGDV*HVSUFKZHLWHU]XJHEHQ *LJDVHW&RPIRUW, QODQG$*% PHKUH07VIP 0HKUHUH0RELOWHLOHQXW]HQ 7DVWHQGUFNHQ , QWHUQH5FNIUDJH 6LHWHOHIRQLHUHQPLWHLQHPH[WHUQHQ7HLOQHKPHU2KQHGLHVH 9HUELQGXQJDE]XEUHFKHQNQQHQ6LHHLQHQDQGHUHQLQWHUQHQ 7HLOQHKPHUDQUXIHQXQGHLQH5FNIUDJHIKUHQ:HQQ6LHGLH 5FNIUDJHEHHQGHQVLQG6LHZLHGHUPLWGHPH[WHUQHQ7HLO QHKPHUYHUEXQGHQ + ] %s 4 'LVSOD\7DVWHGUFNHQrGHUH[WHUQH7HLOQHKPHUKUWGLH:DU WHPHORGLH , QWHUQH5XIQXPPHUGHV0RELOWHLOVHLQJHEHQ $OOH0RELOWHLOHDQUXIHQ$1$//( 5FNIUDJHEHHQGHQXP]XP:DUWHQGHQ]XUFN]XVFKDOWHQ $QNORSIHQGHQ$QUXIDQQHKPHQ :HQQ6LHZKUHQGHLQHVLQWHUQHQ*HVSUFKVHLQHQH[WHUQHQ $QUXIHUKDOWHQKUHQ6LHGHQ$QNORSIWRQNXU]HU7RQ DP 'LVSOD\EOLQNW(;7 $11$+0( 'LVSOD\7DVWHGUFNHQrGDVLQWHUQH*HVSUFKZLUGEHHQGHW 6LHVLQGPLWGHPH[WHUQHQ$QUXIHUYHUEXQGHQ 5XIDQDOOH6DPPHOUXI $OOH0RELOWHLOHZHUGHQDQJHUXIHQXQGNOLQJHOQ'HU$QUXI NDQQDQMHGHP0RELOWHLOPLWGHU$EKHEHQ7DVWHDDQJH QRPPHQZHUGHQ + $1$//( , QWHUQ7DVWHGUFNHQ 'LVSOD\7DVWHGUFNHQrDOOHHUUHLFKEDUHQ0RELOWHLOHZHUGHQ DQJH]HLJW 0RELOWHLO1XPPHUDQ]HLJHQ + , QWHUQ7DVWHGUFNHQrGLHLQWHUQH5XIQXPPHU, KUHV0RELOWHLOV ZLUGUHFKWVDQJH]HLJW $Q]HLJHEHHQGHQ $XIOHJHQ7DVWHGUFNHQ *LJDVHW&RPIRUW, QODQG$*% PHKUH07VIP 0HKUHUH0RELOWHLOHQXW]HQ 7DVWHQGUFNHQ $P0RELOWHLOPLWKUHQ (LQH[WHUQHV*HVSUFKNDQQDQHLQHPDQGHUHQ0RELOWHLOPLW JHKUWZHUGHQ 6LHWHOHIRQLHUHQPLWHLQHPH[WHUQHQ7HLOQHKPHU + ] %s 'DV*HVSUFKZLUGJHKDOWHQ 5XIQXPPHUGHVDQGHUHQ0RELOWHLOVHLQJHEHQrGDVDQGHUH 0RELOWHLONOLQJHOWGHUDQGHUH7HLOQHKPHUGUFNWGLH$EKHEHQ 7DVWHD 6LHVLQGZLHGHUPLWGHPH[WHUQHQ7HLOQHKPHUYHUEXQGHQ'HU DQGHUHLQWHUQH7HLOQHKPHUKUWPLW 0LWKUHQDXVVFKDOWHQ 0, 7+$86 'LHH[WHUQH9HUELQGXQJEOHLEWEHVWHKHQ 0, 7+(, 1 /HJWGHULQWHUQH7HLOQHKPHUDXIEHHQGHWHUVHOEVWGDV 0LWKUHQ 0RELOWHLOHDEPHOGHQ 0LWGHPDEJHPHOGHWHQ0RELOWHLONDQQDQGLHVHU%DVLVWDWLRQ QLFKWPHKUWHOHIRQLHUWZHUGHQ] %]XP6FKXW]YRU0L EUDXFK + 6(7w= 6\VWHP3, 1= $EPHOGHQHLQOHLWHQr$EPHOGHQZLUGDQJH]HLJW 6\VWHP3, 1HLQJHEHQXQGEHVWWLJHQ /LHIHU]XVWDQG rDOOHDQJHPHOGHWHQ0RELOWHLOHZHUGHQ DQJH]HLJW , QWHUQH5XIQXPPHUGHVDE]XPHOGHQGHQ0RELOWHLOVHLQJHEHQ rGLH1XPPHUZLUGQLFKWPHKUDQJH]HLJW $EPHOGHQEHVWWLJHQXQG)XQNWLRQEHHQGHQ ] %s = *LJDVHW&RPIRUW, QODQG$*% PHKUH07VIP 0HKUHUH0RELOWHLOHQXW]HQ 7DVWHQGUFNHQ ([WHUQH:DKOLQGLYLGXHOOVSHUUHQ , P/LHIHU]XVWDQGNQQHQ6LHYRQMHGHPDQJHPHOGHWHQ0RELO WHLOQDFKd([WHUQoWHOHIRQLHUHQ0LWGLHVHU)XQNWLRQNQQHQ 6LHGDV:KOHQYRQH[WHUQHQ1XPPHUQDQHLQ]HOQHQ0RELO WHLOHQVSHUUHQ $QGHQdJHVSHUUWHQo0RELOWHLOHQNQQHQ6LH r , QWHUQWHOHIRQLHUHQ r ([WHUQH$QUXIHDQQHKPHQ r 'LHLQGHU%DVLVVWDWLRQJHVSHLFKHUWHQ1RWUXIQXPPHUQ ZKOHQVLHKH6HLWH + 6(7"= 6\VWHP3, 1= (LQVWHOOXQJHLQOHLWHQr%HUHFKWLJ7HLOQZLUGDQJH]HLJW 6\VWHP3, 1HLQJHEHQXQGEHVWWLJHQ /LHIHU]XVWDQG 'LH1XPPHUQDOOHUDQJHPHOGHWHQ0R ELOWHLOHZHUGHQDQJH]HLJW , QWHUQH5XIQXPPHUGHV0RELOWHLOVHLQJHEHQ ([WHUQH:DKODXVVFKDOWHQVSHUUHQ $XVVFKDOWHQ (LQVFKDOWHQ (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ ] %s ] %" = )D[0RGHPDQVFKOLHHQ 6LHNQQHQ)D[*HUWHXQG0RGHPVEHUHLQHQVFKQXUORVH $QVFKOX*LJDVHW 7$(KQOLFKZLHHLQ0RELOWHLODQGHU %DVLVVWDWLRQDQPHOGHQ, QGLHVHP)DOOPVVHQ6LHGHQ*HU WHW\SIUGLH*LJDVHW7$(QGHUQ *HUWHW\SHLQVWHOOHQ + 6(7= 6\VWHP3, 1= ] %u ] % (LQVWHOOXQJHLQOHLWHQr*HUlWHDQVFKOXZLUGDQJH]HLJW 6\VWHP3, 1HLQJHEHQXQGEHVWWLJHQ/LHIHU]XVWDQG r DOOHDQJHPHOGHWHQ0RELOWHLOHZHUGHQDQJH]HLJW , QWHUQH5XIQXPPHUGHU*LJDVHW 7$(HLQJHEHQ *HUWHW\SHLQVWHOOHQ dIHVWHVo7HOHIRQ0RELOWHLO /LHIHU]XVWDQG )D[ 0R GHP (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ = *LJDVHW&RPIRUW, QODQG$*% PHKUH07VIP 0HKUHUH0RELOWHLOHQXW]HQ 7DVWHQGUFNHQ 5XIWRQHLQDXVVFKDOWHQ %HLDQNRPPHQGHQH[WHUQHQ$QUXIHQdNOLQJHOQoDOOH0RELO WHLOHVRIRUWr6DPPHOUXI/LHIHU]XVWDQG 'LH$QUXIHNQQHQ DQDOOHQ0RELOWHLOHQPLWGHU$EKHEHQ7DVWHDDQJHQRPPHQ ZHUGHQ 6LHNQQHQGHQ5XIWRQMHGRFKDXFKDQHLQ]HOQHQ0RELOWHL OHQDXVVFKDOWHQrGLHVH0RELOWHLOHNOLQJHOQGDQQEHLH[WHUQHQ $QUXIHQQLFKWPHKU + 6(7= 6\VWHP3, 1= ] % (LQVWHOOXQJHLQOHLWHQr5XIJUXSSHZLUGDQJH]HLJW 6\VWHP3, 1HLQJHEHQXQGEHVWWLJHQ/LHIHU]XVWDQG r DOOH0RELOWHLOHdPLWo5XIWRQZHUGHQDQJH]HLJW , QWHUQH5XIQXPPHUQGHV0RELOWHLOVHLQJHEHQ r 5XIQXPPHUZLUGDQJH]HLJW 5XIWRQHLQ r 5XIQXPPHUZLUGQLFKWDQJH]HLJW 5XIWRQDXV = (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ 5XIYHU]JHUXQJ6DPPHOUXI 'XUFKZDKOHLQVWHOOHQ 0LWGLHVHU)XQNWLRQNQQHQ6LHYRQ6DPPHOUXI/LHIHU]X VWDQG DXI5XIYHU]JHUXQJRGHU'XUFKZDKOXPVFKDOWHQ r %HL6DPPHOUXINOLQJHOQEHLH[WHUQHQ$QUXIHQDOOH0RELO WHLOHVRIRUW r %HL5XIYHU]JHUXQJNOLQJHOW]XHUVWGDVdEHYRU]XJWHo 0RELOWHLOXQG] %QDFK. OLQJHOVLJQDOHQGLHEULJHQ0R ELOWHLOH'DEHLNQQHQ6LH]XVW]OLFKGDVEHYRU]XJWH0RELO WHLOXQGGLH5XIYHU]JHUXQJ$Q]DKOGHU. OLQJHOVLJQDOH IHVW OHJHQ r %HL'XUFKZDKONDQQHLQH[WHUQHU$QUXIHUHLQEHVWLPPWHV 0RELOWHLODQUXIHQ + 6(7s= 6\VWHP3, 1= RGHU s RGHU = 'XUFKZDKOHLQVWHOOHQ (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ 5XIYHU]JHUXQJHLQVWHOOHQ (LQVWHOOXQJHLQOHLWHQr5XIRSWLRQZLUGDQJH]HLJW 6\VWHP3, 1HLQJHEHQXQGEHVWWLJHQ /LHIHU]XVWDQG 6DPPHOUXIHLQVWHOOHQ *LJDVHW&RPIRUW, QODQG$*% PHKUH07VIP 0HKUHUH0RELOWHLOHQXW]HQ 7DVWHQGUFNHQ %HYRU]XJWHV0RELOWHLOHLQVWHOOHQ , P/LHIHU]XVWDQGZLUGDXWRPDWLVFKGDV0RELOWHLOPLWGHU5XI QXPPHUEHYRU]XJWrNOLQJHOW]XHUVW 6LHNQQHQMHGRFKDXFKHLQDQGHUHV0RELOWHLOEHYRU]XJHQ ZLHKLHUEHVFKULHEHQ + 6(7= 6\VWHP3, 1= ] %s = (LQVWHOOXQJHLQOHLWHQr(UVWUXIWHLOQZLUGDQJH]HLJW 6\VWHP3, 1HLQJHEHQXQGEHVWWLJHQ/LHIHU]XVWDQG r GLHEHYRU]XJWH1XPPHUZLUGDQJH]HLJW 5XIQXPPHUGHVEHYRU]XJWHQ0RELOWHLOVHLQJHEHQ (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ $Q]DKOGHU5XIWQHEHL5XIWRQYHU]JHUXQJ HLQVWHOOHQ 6LHNQQHQHLQVWHOOHQQDFKZLHYLHOHQ5XIWQHQ. OLQJHOVL JQDOHQ HVDXFKDQGHQEULJHQ0RELOWHLOHQNOLQJHOW + 6(7u= 6\VWHP3, 1= ] % = (LQVWHOOXQJHLQOHLWHQr$Q]5XIH(UVWUXIZLUGDQJH]HLJW 6\VWHP3, 1HLQJHEHQXQGEHVWWLJHQ/LHIHU]XVWDQG r GLHDNWXHOOH(LQVWHOOXQJZLUGDQJH]HLJW] % $Q]DKOGHU5XIWQHHLQJHEHQ (VNOLQJHOWQDFK5XIWQHQ ELV5XIWQHQ (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ 1XULQVWHUUHLFK %HWULHEGHV*LJDVHW]XVW]OLFK]XHLQHP]ZHLWHQ7HOHIRQ *HVSUFKVEHUJDEH q 9RP*LJDVHW ]XPDQGHUHQ7HOHIRQGXUFK$XIOH JHQDP0RELOWHLOEHLDEJHKREHQHP+UHUDP)HVWWHOH IRQ q 9RPDQGHUHQ7HOHIRQ]XP*LJDVHW EHUQDKPH GHV*HVSUFKVGXUFK$EKHEHQDP0RELOWHLO *LJDVHW&RPIRUW, QODQG$*% PHKUH07VIP 0HKUHUH0RELOWHLOHQXW]HQ 7DVWHQGUFNHQ %DE\SKRQ %HLHLQJHVFKDOWHWHP%DE\SKRQZLUGHLQ, QWHUQUXI]XHLQHP DQGHUHQ0RELOWHLOJHVWDUWHWVREDOGLP5DXPGHUHLQJHVWHOOWH *HUXVFK3HJHOHUUHLFKWZLUG1DFKGHU$QUXIDQQDKPHdK UHQp6LHLQGHQ5DXP$XFKQDFKGHP$XIOHJHQEOHLEWGDV%D E\SKRQZHLWHUHLQJHVFKDOWHW$P%DE\SKRQZHUGHQ$QUXIH QXUDP'LVSOD\DQJH]HLJW 'HU$EVWDQG]XPd%DE\oVROOWH]ZLVFKHQXQG0HWHUEH WUDJHQ %DE\SKRQ5XIQXPPHUVSHLFKHUQ <%DE\SKRQ(LQVW = <%DE\SKRQ5XIQU = ] %s= 1XPPHUGHV0RELOWHLOVGDVDQJHUXIHQZHUGHQVROO HLQJHEHQXQGEHVWWLJHQ :HQQ6LHLUUWPOLFKHLQHVWHOOLJH1XPPHUHLQJHJHEHQKD EHQ9RUGHU1XPPHUHLQHd1XOOo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rVLHKH$QOHLWXQJGHU7HOHIRQDQODJH (LQVWHOOPJOLFKNHLW r 0)9)ODVKPV r 0)9)ODVK]HLWHLQVWHOOEDU r , :9, PSXOVZDKO9HUIDKUHQ :DKOYHUIDKUHQHLQVWHOOHQ + 6(7= 6\VWHP3, 1= ] %s (LQVWHOOXQJHLQOHLWHQr:DKOYHUIDKUHQZLUGDQJH]HLJW 6\VWHP3, 1HLQJHEHQXQGEHVWWLJHQ /LHIHU]XVWDQG rGLHDNWXHOOH(LQVWHOOXQJZLUGDQJH]HLJW :DKOYHUIDKUHQHLQVWHOOHQ 0)9)ODVKPV 0)9)ODVK]HLWHLQVWHOOEDU , :9 (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ = )ODVK]HLWHLQVWHOOHQ 9RUDXVVHW]XQJ6LHKDEHQZLHYRUKHUEHVFKULHEHQGDV:DKO YHUIDKUHQDXId0)9)ODVK]HLWHLQVWHOOEDUoXPJHVWHOOWXQG, KUH 7HOHIRQDQODJHEHQWLJWHLQHDQGHUH)ODVK]HLW + 6(7us= 6\VWHP3, 1= ] % (LQVWHOOXQJHLQOHLWHQr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do HLQJHJHEHQZHUGHQ 'LH([WHUQ. HQQ]DKOZLUGDXFKDOV9RUZDKONHQQ]LIIHURGHU $PWVNHQQ]LIIHU$. = EH]HLFKQHW q %HDFKWHQ6LHGD6LHEHLP6SHLFKHUQYRQ1RWUXI QXPPHUQ'LUHNWUXIQXPPHUQ5XIQXPPHUQ IUGDV7HOHIRQEXFKXQG9RUZDKOQXPPHUQLQ GHU1HW]DQELHWHUOLVWHGLH([WHUQ. HQQ]DKOPLW HLQJHEHQPVVHQ q 'DHLQ1RWUXIPLWGHQIHVWJHVSHLFKHUWHQ1RWUXI QXPPHUQ] %QLFKWPJOLFKLVWVROOWHQ6LH DXV6LFKHUKHLWVJUQGHQGLH1RWUXIQXPPHUQPLW ([WHUQ. HQQ]DKOQHXVSHLFKHUQ] % ZLUGLPPHUDXWRPDWLVFKYRUGHQ5XIQXPPHUQLQ GHU$QUXIHUOLVWHHLQJHIJWXQGJHZKOW q 'LH([WHUQ. HQQ]DKOGLH6LHdKLHUoVSHLFKHUQ + 6(7u"= 6\VWHP3, 1= ] %" = (LQVWHOOXQJHLQOHLWHQr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u= 6\VWHP3, 1= ] % (LQVWHOOXQJHLQOHLWHQr3DXVHQDFK$. =ZLUGDQJH]HLJW 6\VWHP3, 1GHU%DVLVVWDWLRQHLQJHEHQXQGEHVWWLJHQ/LHIHU ]XVWDQG rGLHDNWXHOOH(LQVWHOOXQJZLUGDQJH]HLJW 3DXVHQOQJHHLQJHEHQ 6HNXQGH 6HNXQGHQ 6HNXQGHQ RGHU6HNXQGHQ (LQVWHOOXQJVSHLFKHUQXQG)XQNWLRQEHHQGHQ = *LJDVHW&RPIRUW, QODQG$*% DQKDIP $QKDQJ $QKDQJ 3IOHJH q :LVFKHQ6LH%DVLVWHOHIRQXQG0RELOWHLOPLWHLQHPIHXFKWHP7XFKRGHUHL QHP$QWLVWDWLNWXFKDE%HQXW]HQ6LHQLHHLQWURFNHQHV7XFK(VEHVWHKWGLH *HIDKUGHUVWDWLVFKHQ$XIODGXQJ 6HOEVWKLOIHEHL6WUXQJHQ )HKOHU . HLQH'LVSOD\DQ]HLJH 0JOLFKH8UVDFKH 0RELOWHLOQLFKWHLQJH VFKDOWHW $NNXVOHHU . HLQH5HDNWLRQDXI7D VWHQGUXFN . HLQH)XQNYHUELQGXQJ ]XU%DVLVVWDWLRQr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}6HNXQGHODQJ GUFNHQ 'HU%DVLVVWDWLRQQKHUQ 0RELOWHLODQPHOGHQ 6HLWH 6WHFNHUDQ%DVLVVWDWLRQ NRQWUROOLHUHQ6HLWH 5XIWRQHLQVFKDOWHQ 6HLWH6HLWH 6SHUUHDXVVFKDOWHQ 6HLWH 6SHUUHDXVVFKDOWHQ 6HLWH 6SHUUXIQXPPHUQ 6HLWH 7DVFKHQJHOGNRQWR 6HLWH ([WHUQH:DKOVSHUUHQ 6HLWH EHUWUDJXQJGHV=KO LPSXOVHVEHL7HOHIRQJH VHOOVFKDIWEHDQWUDJHQ 6HLWH *LJDVHW&RPIRUW, QODQG$*% DQKDIP $QKDQJ )HKOHU *HVSUFKVNRVWHQZHU GHQQLFKWDQJH]HLJW 'HU*HVSUFKVSDUWQHU KUWQLFKWV 5XIQXPPHUGHV$QUX IHUVZLUGQLFKWDQJH ]HLJW 'HU$QUXIEHDQWZRUWHU PHOGHWEHLGHU)HUQEH GLHQXQJ3, 1LVWXQJO WLJo 'HU$QUXIEHDQWZRUWHU ]HLFKQHWNHLQH1DFK ULFKWHQ$QVDJHQ, QIRU PDWLRQHQDXI 'HU$QUXIEHDQWZRUWHU LVWHLQJHVFKDOWHW]HLFK QHWDEHUNHLQH1DFKULFK WHQDXIXQGOWVLFK QLFKWDEKUHQ 0JOLFKH8UVDFKH 3UHLVMH(LQKHLW $EKLOIH 3UHLVMH(LQKHLWHLQVWHO OHQ6HLWH 'LH7DVWH+ZXUGH 0LNURIRQPLW7DVWH4 JHGUFNWrGDV0LNURIRQ HLQVFKDOWHQ LVWdVWXPPJHVFKDOWHWo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q 'HXWVFKODQG6LHPHQV6HUYLFH q VWHUUHLFK6LHPHQV+RWOLQH JXQJ%HL)UDJHQ]XU%HGLHQXQJKLOIW, KQHQ, KU)DFKKQGOHUZHLWHU)UD JHQ]XP7HOHIRQDQVFKOXULFKWHQ6LHELWWHDQ, KUHQ1HW]EHWUHLEHU 'HU6LHPHQV6HUYLFHVWHKW, KQHQQXUEHL6WUXQJHQDP*HUW]XU9HUI *LJDVHW&RPIRUW, QODQG$*% DQKDIP $QKDQJ =XODVVXQJ 'DV*LJDVHW LVW]XP%HWULHELQ, KUHP/DQG]XJHODVVHQZLHDXIGHU8QWHU VHLWHGHU%DVLVVWDWLRQJHNHQQ]HLFKQHW %HLHLQHU=XODVVXQJQDFK, &75 DXV$PWVEODWW d'LHVHV*HUWZXUGHJHPGHU(QWVFKHLGXQJ(*GHV5DWHVHXURSDZHLW]XU $QVFKDOWXQJDOVHLQ]HOQH(QGHLQULFKWXQJDQGDVIIHQWOLFKH)HUQVSUHFKQHW]]XJHODVVHQ $XIJUXQGGHU]ZLVFKHQGHQIIHQWOLFKHQ)HUQVSUHFKQHW]HQYHUVFKLHGHQHU6WDDWHQEHVWH KHQGHQ8QWHUVFKLHGHVWHOOWGLHVH=XODVVXQJDQVLFKMHGRFKNHLQHXQEHGLQJWH*HZKUIU HLQHQHUIROJUHLFKHQ%HWULHEGHV*HUWVDQMHGHP1HW]VFKOXSXQNWGDU )DOOVEHLP%HWULHE3UREOHPHDXIWUHWHQVROOWHQ6LHVLFK]XQFKVWDQ, KUHQ)DFKKQGOHU ZHQGHQo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d6FKHFNNDUWHoYHUGHXWOLFKW, K QHQGHQ=XVDPPHQKDQJ]ZLVFKHQGHQ6WHXHUEHIHKOHQXQGGHQ7DVWHQVRZLH GHQ(LQVWLHJIUGLH)HUQDEIUDJHPLWHLQHPH[WHUQHQ7HOHIRQ 'LUHNW DQVSUHFKHQ 6WDWXV+LOIH d 3 6 9 8 7 c 1HX I 2 5 f (LQVWLHJ P(LJHQH5XIQXPPHUZKOHQ6LHKUHQ, KUHQ$QVDJHWH[W }P 5DXWH7DVWHGUFNHQXQG6\VWHP3, 1 HLQJHEHQ EHU=LIIHUQWDVWHQ$QUXIEHDQWZRUWHUVWHXHUQ $QUXIEHDQWZRUWHUHLQVFKDOWHQ 7HOHIRQFD0LQXWHNOLQJHOQODVVHQ }P 5DXWH7DVWHGUFNHQXQG6\VWHP3, 1 HLQJHEHQ 'HU$QUXIEHDQWZRUWHUVFKDOWHWVLFKHLQ D 1 4 0 # *LJDVHW&RPIRUW, QODQG$*% XPVFKOBKIP 'LHZLFKWLJVWHQ0HQV 'DV*LJDVHW &RPIRUWLVWHLQPHQJHIKUWHV0RELOWHLO +DXSWPHQ (LQVWHOOXQJHQ 2. [. . . ] 6LFKHUKHLW $XW5XIDQQDKPH 6SUDFKH /LHIHU]XVWDQG $XGLR 5XIWRQODXWVW 5XIWRQPHORGLH . XU]HU5XIWRQ +|UHUODXWVWlUNH /DXWVSUHFKHU 7DVWHQNOLFN $NNXZDUQWRQ 4XLWWXQJVW|QH [ :DKOZLHGHUKROHQ 9 :KUHQGGHV*HVSUFKV =XVDW]PHQ 1XPPHUYHUZHQGHQ 1XPPHUZlKOHQ $XWRP:DKOZGK 1ULQV7HOEXFK (LQWUDJlQGHUQ (LQWUDJO|VFKHQ (LQWUDJDQ]HLJHQ 0HQLP*HVSUFK /DXWVWUNH , 17 1HW]DQELHWHU 6WDWLRQV0DNURV *HUlWH0DNURV 7RQZDKOHLQ 6HUYLFH <; = 9 \ +DXSWPHQDXIUXIHQ %OWWHUQLQ0HQV7HOHIRQEXFK )XQNWLRQ(LQJDEHEHVWWLJHQ =XVDW]PHQDXIUXIHQ )XQNWLRQHQDEEUHFKHQEHHQGHQ 8 *LJDVHW&RPIRUW, QODQG$*% XPVFKOBKIP (LQVWHOOXQJHQDQGHU%DVLVVWDWLRQ , 17 6(7 $Q]HLJH " RGHU < " s u w x y " s u w x y } " s w " s u w x 6\VWHP%HUHFKW %HUHFKW1XPPHUQ 1RWUXIQXPPHUQ . RVWHQVXPPH 7DVFKHQJHOGNRQWR /DXWVW6WDWLRQ 0HORGLH6WDWLRQ 6\VWHP3, 1 'DWXPVHLQVWHOO 8KU]HLWHLQVW %HUHFKWLJ7HLOQ 5XIJUXSSH 5XIRSWLRQ (UVWUXIWHLOQ $Q]5XIH(UVWUXI :DKOYHUIDKUHQ $EPHOGHQ . RVWHQIDNWRU . RVWYRUK*HVSU *HUlWHDQVFKOX /LHIHU]6WDWLRQ $. = 3DXVHQDFK$. = )ODVK]HLW :DUWHPHORGLH (LQVWHOOXQJHQ (LQVWHOOXQJHQ $Q]5XIH$QUXIE 1DFKULFKWHQOlQJH 3DXVHQ1DFKU =HLWDQJDEH 1DFKUPLWK|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u RGHU < RGHU < +HUDXVJHJHEHQYRP%HUHLFK , QIRUPDWLRQDQG&RPPXQLFDWLRQ3URGXFWV +RIPDQQVWUDH'0QFKHQ 6LHPHQV$NWLHQJHVHOOVFKDIW LP, QWHUQHW KWWSZZZVLHPHQVFRPJLJDVHW 6LHPHQV$*$OOULJKWVUHVHUYHG /LHIHUPJOLFKNHLWHQXQG WHFKQLVFKHQGHUXQJHQYRUEHKDOWHQ %HVWHOO1U$*% 3ULQWHGLQ*HUPDQ\ 8 [. . . ]

HAFTUNGSAUSSCHLUSS FÜR DEN DOWNLOAD VON GEBRAUCHSANLEITUNG SIEMENS GIGASET 3015 COMFORT

DieBedienungsAnleitung bietet einen gemeinschaftlich betriebenen Tausch-, Speicher- und Suchdienst für Handbücher für den Gebrauch von Hardware und Software: Benutzerhandbücher, Bedienungsanleitungen, Schnellstartanweisungen, Technische Datenblätter…
DieBedienungsAnleitung kann in keiner Weise dafür verantwortlich gemacht werden, dass gesuchte Dokumente nicht verfügbar, unvollständig oder in einer fremden Sprach verfasst sind, oder wenn Produkt oder Sprache nicht der Beschreibung entsprechen. DieBedienungsAnleitung bietet keinerlei Übersetzungsdienste an.

Wenn Sie die Bedingungen akzeptieren, klicken Sie auf "Das Benutzerhandbuch herunterladen" am Ende dieses Vertrages, der Download von Handbuch SIEMENS GIGASET 3015 COMFORT startet dann.

Suchen Sie nach einem Bedienungsanleitung

 

Copyright © 2015 - DieBedienungsAnleitung - Alle Rechte vorbehalten.
Warenzeichen und Markennamen sind das Eigentum ihrer jeweiligen Eigentümer

flag