Bedienungsanleitung T-COM SINUS 45 AB

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 T-COM SINUS 45 AB Benutzerhandbuch Wir hoffen die T-COM SINUS 45 AB Bedienungsanleitung ist hilfreich für Sie.

DieBedienungsAnleitung-Hilfe zum Download von T-COM SINUS 45 AB.


Mode d'emploi T-COM SINUS 45 AB
Download
Handbuch Zusammenfassung: Gebrauchsanweisung T-COM SINUS 45 AB

Detaillierte Anleitungen zur Benutzung finden Sie in der Bedienungsanleitung.

[. . . ] [. . . ] 5XIWDVWHIU3DJLQJUXI6DPPHOUXI XQG]XP$QPHOGHQZHLWHUHU+DQGJHUlWH +DQGJHUlW +|UHU 'LVSOD\ . XU]ZDKOWDVWH 3URJUDPPWDVWH $XIOHJHQWDVWH =LIIHUQEORFN :DKOZLHGHUKROWDVWH $EQHKPHQWDVWH , QWHUQWDVWH 57DVWH)ODVK3DXVH 0LNURIRQ /|VFK7DVWH )HVWVWDWLRQ /DGHVFKDOH IU+DQGJHUlW $QWHQQH $QUXIEHDQWZRUWHU7DVWHQ 5XIWDVWH )U3DJLQJUXI$QPHO GXQJHLQHV+DQGJHUlWV /DXWVSUHFKHUWDVWHQ ODXWHU OHLVHU /('OHXFKWHW/DXWVSUHFKHUHLQ , QKDOWVYHU]HLFKQLV 'LVSOD\DQ]HLJHQ =HLFKHQ6\PEROHLP'LVSOD\ 7HOHIRQLQ%HWULHEQHKPHQ 7HOHIRQDXVSDFNHQXQGDXIVWHOOHQ 7HOHIRQDQVFKOLHHQ +DQGJHUlWLQ%HWULHEQHKPHQ 'DWXPXQG8KU]HLWHLQVWHOOHQ +DQGJHUlWHLQDXVVFKDOWHQ 7DVWHQVFKXW]HLQDXVVFKDOWHQ 7HOHIRQLHUHQ , QWHUQHXQGH[WHUQH5XIQXPPHUQZlKOHQ $QUXIDQQHKPHQ , QWHUQHU6DPPHOUXI 3DJLQJ6DPPHOUXIYRQ)HVWVWDWLRQ :DKOZLHGHUKROXQJ $XVGHU. XU]ZDKOZlKOHQ . XU]ZDKO]LHO´µZlKOHQ . XU]ZDKOVSHLFKHUYHUZDOWHQ $XVGHU$QUXIHUOLVWHZlKOHQ 5FNUXIEHL%HVHW]W *HVSUlFKDQGHU)HVWVWDWLRQPLWK|UHQODVVHQ *HVSUlFKDQHLQHPDQGHUHQ+DQGJHUlWPLWK|UHQODVVHQ +|UHU/DXWVWlUNHYHUlQGHUQ +DQGJHUlWVWXPPVFKDOWHQ $QRQ\PDQUXIHQ&/, 5 *HVSUlFKZlKUHQG$QUXIEHDQWZRUWHUEHWULHEEHUQHKPHQ 7RQVHQGHUIXQNWLRQHLQVFKDOWHQ 7HOHIRQLHUHQPLW0HKUHUHQ :lKUHQGHLQHV*HVSUlFKVHLQHQZHLWHUHQ*HVSUlFKVSDUWQHUDQUXIHQ =ZHLWHV*HVSUlFKZlKUHQGHLQHV*HVSUlFKVDQQHKPHQDEZHLVHQ 0LW]ZHL*HVSUlFKVSDUWQHUQDEZHFKVHOQGVSUHFKHQ0DNHOQ 0LW]ZHL*HVSUlFKVSDUWQHUQJOHLFK]HLWLJVSUHFKHQ'UHLHUNRQIHUHQ] *HVSUlFKLQWHUQZHLWHUJHEHQ (UUHLFKEDUEOHLEHQ $QUXIZHLWHUVFKDOWXQJ$:6 71HW%R[HLQVWHOOHQ 6WDWLRQIUGHQ5HSHDWHU%HWULHEYRUEHUHLWHQ $QUXIEHDQWZRUWHU 0DQXHOOHLQDXVVFKDOWHQ 0LWK|UHQZlKUHQGHLQHUODXIHQGHQ$XI]HLFKQXQJ $QUXIEHDQWZRUWHU³$QVDJHQ $QVDJHDUWHLQVWHOOHQ $QVDJHQDXIQHKPHQ $QVDJHQDQK|UHQ $QVDJHQO|VFKHQ $QUXIEHDQWZRUWHU³1DFKULFKWHQ 1DFKULFKWHQDEK|UHQ 1DFKULFKWYRQ$QIDQJDQZLHGHUKROHQ 1DFKULFKWHQEHUVSULQJHQ 1DFKULFKWHQDQ]HLJHXQG5XIQXPPHUZlKOHQ :LHGHUJDEHODXWVWlUNHlQGHUQ 1DFKULFKWHLQ]HOQO|VFKHQ $OOHDOWHQ1DFKULFKWHQO|VFKHQ 1DFKULFKWZLHGHUDOV´1HXµPDUNLHUHQ $QUXIEHDQWZRUWHUHLQVWHOOHQ $XI]HLFKQXQJVTXDOLWlW $Q]DKOGHU5XIW|QHELVGHU$QUXIEHDQWZRUWHUDNWLYZLUG 1DFKULFKWHQGDXHU 0LWK|UHQEHLGHU$XI]HLFKQXQJHLQDXVVFKDOWHQ $NXVWLVFKH=HLWDQVDJHHLQDXVVFKDOWHQ 'LUHNWDQVSUHFKHQIUHLJHEHQVSHUUHQ 3DXVH]ZLVFKHQGHQ1DFKULFKWHQEHLP$EK|UHQ $QUXIEHDQWZRUWHUIHUQEHGLHQHQ 9HUELQGXQJ]XP$QUXIEHDQWZRUWHUKHUVWHOOHQWUHQQHQ . RVWHQVSDUHQ )XQNWLRQVDXIUXIHPLWGHU)HUQEHGLHQXQJ $QUXIEHDQWZRUWHUHUZHLWHUW $QUXIEHDQWZRUWHUDOV, QIRER[ *HVSUlFKPLWVFKQHLGHQ 6LFKHUKHLWLQEHLGH5LFKWXQJHQ 9RUDXVVHW]XQJ+DQGJHUlWHXQG6\VWHP3, 1lQGHUQ 7HOHIRQVSHUUH'LUHNWUXI 7DVFKHQJHOGNRQWR 6\VWHPVSHUUHPLW6SHUU)UHLJDEHRGHU1RWUXIQXPPHUQ 9HUELQGXQJRKQH:DKO . RVWHQNRQWUROOLHUHQ 'DXHU. RVWHQ$Q]HLJHZlKUHQGGHV*HVSUlFKV . RVWHQSUR(LQKHLWIHVWOHJHQ 6XPPHQNRQWRSUR*HUlWXQG$QVFKOXYHUZDOWHQ $OOH. RVWHQO|VFKHQ =XVDPPHQPLWHLQHU7HOHIRQDQODJH 9RUZDKO]LIIHU$. =RGHU+$. = HLQWUDJHQ :DKOYHUIDKUHQHLQVWHOOHQ )ODVK]HLWHLQVWHOOHQ 7HOHIRQHLQVWHOOHQ $XWRP5XIDQQDKPHHLQDXVVFKDOWHQ +|UHU/DXWVWlUNHHLQVWHOOHQ 5XIWRQ/DXWVWlUNHHLQVWHOOHQ 5XIWRQ0HORGLHIHVWOHJHQ :DUWHPHORGLHHLQDXVVFKDOWHQ +LQZHLVW|QH+DQGJHUlWHLQDXVVFKDOWHQ 7DVWHQNOLFN)HVWVWDWLRQHLQDXVVFKDOWHQ $Q]HLJHGHU6WDWLRQV1UHLQDXVVFKDOWHQ $QUXIHUOLVWHXPVWHOOHQ $QUXIHUOLVWHO|VFKHQ . RVWHQDQ]HLJHQDFK%HOHJHQHLQDXVVFKDOWHQ $QNORSIHQHUODXEHQVSHUUHQ 5XI]XRUGQXQJ +DQGJHUlWHDQDEPHOGHQ 6WDWLRQVDXVZDKO:HFKVHOQ]XHLQHUDQGHUHQ6WDWLRQ +DQGJHUlWH%HUHFKWLJXQJIHVWOHJHQ *H]LHOWH:DKOHLQHU, QWHUQ1UYRQ([WHUQ'XUFKZDKO )D[ZHLFKH*HUlWHDQVFKOXIU67$HLQVWHOOHQ /LHIHU]XVWDQGZLHGHUKHUVWHOOHQ $QKDQJ /LHIHU]XVWDQG :LFKWLJH+LQZHLVH]XP*HEUDXFKGHU$NNXV 6HOEVWKLOIHEHL6W|UXQJHQ 6HUYLFH *DUDQWLHHUNOlUXQJ &(=HLFKHQ 5HF\FOLQJ 7HFKQLVFKH'DWHQ 6WLFKZRUWYHU]HLFKQLV 'LVSOD\DQ]HLJHQ %HVFKUHLEXQJGHU6\PEROHXQG=HLFKHQ , P5XKH]XVWDQG )XQNYHUELQGXQJPLW6WDWLRQ EOLQNWZHQQNHLQH)XQNYHUELQGXQJ]XU6WDWLRQ ² ¤$Q]HLJHGHV$NNXODGH]XVWDQGV ² 0 , P(LQVWHOOPRGXV ² ² ² ² ² ² (LQJDEH]LIIHU]% %LVKHULJH(LQVWHOO]LIIHU]%EOLQNW (LQH(LQVWHOO]LIIHU]XUFNPLW3URJUDPPWDVWH (LQH(LQVWHOO]LIIHUYRUPLW. XU]ZDKOWDVWH , 17 , QWHUQYHUELQGXQJ]XU)HVWVWDWLRQ 2. ]XU%HVWlWLJXQJGHU(LQVWHOOXQJPLW:DKOZLHGHUKROWD VWH k %HLDEJHKHQGHP([WHUQ*HVSUlFK ² *HZlKOWH5XIQXPPHU ² C$EQHKPHQ7DVWHEHWlWLJW %HLPH[WHUQHQ$QUXI ² 'LH5XIQXPPHUGHV$QUXIHUVZHQQ5XIQXPPHUQDQ]HLJH &/, 3 EHDXIWUDJWXQG1XPPHUEHUWUDJHQZXUGH ² (;7EOLQNW %HLPLQWHUQHQ$QUXI ² 1XPPHUGHVLQWHUQHQ$QUXIHUVEOLQNW ² , 17EOLQNW 1DFK$QQDKPHHLQHV$QUXIV YRQ([WHUQ ² 'LH5XIQXPPHUGHV$QUXIHUVZHQQ5XIQXPPHUDQ]HLJH &/, 3 EHDXIWUDJWXQG1XPPHUEHUWUDJHQZXUGHDQGHUQIDOOV ª©RGHUª©5XIQXPPHUZXUGHYRP$QUXIHUXQWHU GUFNW YRQ, QWHUQ ² , QWHUQ1U]%ª© GHV5XIHQGHQ =HLFKHQ6\PEROHLP'LVSOD\ =HLFKHQ =LIIHUQWDVWH 6WHUQ7DVWH 5DXWH7DVWH 57DVWH 3DXVH 6SHLFKHUOHHU $QJHQRPPHQHU$QUXI 1DFK$XIUXIGHU$QUXIHUOLVWH 6\PEROH $NNXOHHU:DUQWRQ $NNXYROO%OLQNWZlKUHQG GHV/DGHYRUJDQJHV $NNXYROO%OLQNWZlKUHQG GHV/DGHYRUJDQJHV $NNXYROO 6SHUUH ([WHUQJHVSUlFK , QWHUQJHVSUlFK %HVWlWLJXQJPLW7DVWH =XUFN9RUWDVWH%HWlWLJXQJ PLWGHQ7DVWHQk $QUXIHUOLVWHQ(LQWUDJYRUKDQGHQ $QUXIEHDQWZRUWHU/LVWHQ(LQWUDJ YRUKDQGHQ $EKHEHQ7DVWHEHWlWLJW £ (;7 INT 2. 0DQPHOGHQGLH6LHEHUHLQHLQWHUQH5XIQXPPHUHUUHLFKHQN|QQHQ , QWHUQH5XIQXPPHUZlKOHQ ] ( , QWHUQ7DVWHGUFNHQ (LJHQH, QWHUQ1UZLUGDQJH]HLJW *HZQVFKWH, QWHUQ1UHLQJHEHQ =XP%HHQGHQGHV*HVSUlFKV$XIOHJHQ7DVWHGUFNHQ B infobox %OLQNWGLHJHZlKOWH, QWHUQ1ULVWGHU7HLOQHKPHUEHOHJW ([WHUQH5XIQXPPHUZlKOHQ D ( $EQHKPHQ7DVWHGUFNHQ *HZQVFKWHH[WHUQH5XIQXPPHUHLQJHEHQ 'LH5XIQXPPHUZLUGJHZlKOW =XP%HHQGHQGHV*HVSUlFKV$XIOHJHQ7DVWHGUFNHQ B infobox ([WHUQH5XIQXPPHUQN|QQHQ6LHDXFKPLW:DKOYRUEHUHLWXQJZlKOHQ'D]XJH EHQ6LH]XHUVWGLH5XIQXPPHUHLQNRUULJLHUHQVLHJJIPLW+LOIHGHU/|VFKWD VWH|XQGGUFNHQGDQQGLH$EQHKPHQ7DVWH $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW :LH6LHSHU6DPPHOUXIDOOHLQWHUQHQ7HLOQHKPHUJOHLFK]HLWLJUXIHQLVWDXI 6HLWH EHVFKULHEHQ $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ 7HOHIRQLHUHQ , QWHUQHXQGH[WHUQH5XIQXPPHUQZlKOHQ , Q%HWULHEQHKPHQ $QUXIDQQHKPHQ GHU'HXWVFKHQ7HOHNRPGLH71HW)XQNWLRQ]XUhEHUWUDJXQJGHU 5XIQXPPHUGHV$QUXIHUV&/, 3 EHDXIWUDJWKDEHQ GKZHQQHUGLHhEHUWUDJXQJVHLQHU5XIQXPPHUQLFKW]XJHODVVHQKDW +DQGJHUlWLQGHU)HVWVWDWLRQ +DQGJHUlWDXVGHU)HVWVWDWLRQHQWQHKPHQ $QUXIHZHUGHQDNXVWLVFKDP+DQGJHUlWXQGDQGHU)HVWVWDWLRQVLJQDOLVLHUW=X VlW]OLFKZHUGHQVLHDXIGHP'LVSOD\GHV+DQGJHUlWVDQJH]HLJW s 'LH5XIQXPPHUGHV$QUXIHUVZLUGDXIGHP'LVSOD\DQJH]HLJWZHQQ6LHEHL s 'LH5XIQXPPHUZLUGQLFKWDQJH]HLJWZHQQGHU7HLOQHKPHUDQRQ\PDQUXIW # 6LHIKUHQGDV*HVSUlFK +DQGJHUlWDXHUKDOEGHU)HVWVWDWLRQ D # $EQHKPHQ7DVWHGUFNHQ 6LHIKUHQGDV*HVSUlFK infobox 6LHN|QQHQ/DXWVWlUNHXQG0HORGLHGHV5XIWRQVHLQVWHOOHQVLHKH6HLWHXQG 6HLWH , QWHUQHU6DPPHOUXI ] # , QWHUQ7DVWHGUFNHQ 6WHUQ7DVWHGUFNHQ $OOHHUUHLFKEDUHQ, QWHUQ1UZHUGHQDQJH]HLJW 6LHVLQGPLWGHPHUVWHQ*HVSUlFKVSDUWQHUYHUEXQGHQGHUGHQ6DPPHOUXIDQ QLPPW 3DJLQJ6DPPHOUXIYRQ)HVWVWDWLRQ 3DJLQJ5XI6DPPHOUXI YRQGHU)HVWVWDWLRQ +DEHQ6LH, KUH +DQGJHUlWH YHUOHJWN|QQHQ6LHVLHYRQGHU)HVWVWDWLRQDXVUX IHQ$OOHDQJHPHOGHWHQXQGHUUHLFKEDUHQ+DQGJHUlWHOlXWHQGDQQIU6HNXQ GHQ ! 5XIWDVWHDQGHU)HVWVWDWLRQGUFNHQ ! 5XIWDVWHQRFKPDOVGUFNHQ $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 5XIEHHQGHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ +DEHQ6LHPHKUHUH+DQGJHUlWHDQGHU)HVWVWDWLRQDQJHPHOGHWN|QQHQ6LHDOOH +DQGJHUlWHJOHLFK]HLWLJUXIHQ6DPPHOUXI , Q%HWULHEQHKPHQ :DKOZLHGHUKROXQJ 6LHN|QQHQGLH5XIQXPPHUQSUIHQO|VFKHQlQGHUQ $XVGHU:DKOZLHGHUKROXQJVOLVWHZlKOHQLQ:DKOYRUEHUHLWXQJ , QGHU:DKOZLHGHUKROXQJVOLVWHZHUGHQGLHIQI]XOHW]WJHZlKOWHQXQWHUVFKLHGOL FKHQ5XIQXPPHUQPD[6WHOOHQ JHVSHLFKHUW -HGHZHLWHUHJHZlKOWH5XIQXPPHUEHUVFKUHLEWGHQlOWHVWHQ(LQWUDJLQGHU/LVWH RGHUk D :DKOZLHGHUKROWDVWHGUFNHQ =XOHW]WJHZlKOWH5XIQXPPHUZLUGDQJH]HLJW 0LW7DVWHQRGHU JHZQVFKWH5XIQXPPHU DXVZlKOHQ $EQHKPHQ7DVWHGUFNHQ 'LHDXVJHZlKOWH5XIQXPPHUZLUGJHZlKOW %HL5XIQXPPHUQJU|HU6WHOOHQZHUGHQ]XQlFKVWGLHHUVWHQ6WHOOHQXQG QDFKFD6HNXQGHQGLHOHW]WHQ6WHOOHQDQJH]HLJW bQGHUQ/|VFKHQ0LWGHU/|VFKWDVWH|N|QQHQ6LHHLQ]HOQH=LIIHUQO|VFKHQ XQGDQVFKOLHHQGGLHJHZQVFKWHQQHXHQ=LIIHUQHUJlQ]HQRGHUGLHJHVDPWH 5XIQXPPHUO|VFKHQ 1DFKZDKO1DFK$XVZDKOHLQHU5XIQXPPHUGHU:DKOZLHGHUKROXQJVOLVWHN|Q QHQVRIRUWZHLWHUH=LIIHUQPDQXHOORGHUDXVGHU. X]ZDKOQDFKJHZlKOWZHUGHQ 'LHHUZHLWHUWH5XIQXPPHUZLUGQXQLQGLH:DKOZLHGHUKROXQJVOLVWHEHUQRP PHQ infobox 5XIQXPPHUQDXVGHU:DKOZLHGHUKROXQJVOLVWHLQGHQ :DKOYRUEHUHLWXQJVVSHLFKHUEHUQHKPHQ 6LHN|QQHQ5XIQXPPHUQDXVYHUVFKLHGHQHQ6SHLFKHUQYRUGHU:DKO]XVDP PHQVHW]HQXQGGLHVHLQGHQ:DKOYRUEHUHLWXQJVVSHLFKHUDEOHJHQ RGHUk :DKOZLHGHUKROWDVWHGUFNHQ 0LW7DVWHQRGHU JHZQVFKWH5XIQXPPHU DXVZlKOHQ :DKOZLHGHUKROWDVWH2. GUFNHQ 5XIQXPPHUZLUGLQGLH:DKOYRUEHUHLWXQJHLQDQJHIJW 'DV:DKOYRUEHUHLWXQJVGLVSOD\ZLUGDQJH]HLJW . RUUHNWXUGHU5XIQXPPHUQLVWP|JOLFK $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ $XVGHU. XU]ZDKOZlKOHQ ( RGHU . XU]ZDKO7DVWHGUFNHQ =LIIHUQWDVWHELV GHVJHZQVFKWHQ . XU]ZDKO]LHOHVGUFNHQ]% 6LHN|QQHQKlXILJYHUZHQGHWH5XIQXPPHUQVSHLFKHUQXQGEUDXFKHQQLFKW PHKUGLHJHVDPWH5XIQXPPHU]XZlKOHQ, KU+DQGJHUlWELHWHW, KQHQGD]X . XU]ZDKOVSHLFKHUMHPD[=HLFKHQ XQWHUGHQ=LIIHUQWDVWHQELVDQ:LH6LH , KUH. XU]ZDKOVSHLFKHUYHUZDOWHQOHVHQ6LHDE6HLWH RGHUk D 0LWGHQ7DVWHQRGHU GXUFKEOlWWHUQ $EQHKPHQ7DVWHGUFNHQ 'LH5XIQXPPHUZLUGJHZlKOW %HL5XIQXPPHUQJU|HU6WHOOHQZHUGHQ]XQlFKVWGLHHUVWHQ6WHOOHQXQG QDFKFD6HNXQGHQGLHOHW]WHQ6WHOOHQDQJH]HLJW infobox 5XIQXPPHUQDXVGHP. XU]ZDKOVSHLFKHUXQGHYWOQDFKJHZlKOWH=LIIHUQZHU GHQLQGHU:DKOZLHGHUKROXQJVOLVWHVLHKH6HLWH JHVSHLFKHUW 5XIQXPPHUQDXVGHP. XU]ZDKOVSHLFKHUN|QQHQDXFKLQGHQ:DKOYRUEHUHL WXQJVVSHLFKHUEHUQRPPHQE]ZDQJHIJWZHUGHQ . XU]ZDKO]LHO´µZlKOHQ ( . XU]ZDKO7DVWHODQJGUFNHQ 5XIQXPPHUHLQJHEHQ $EQHKPHQ7DVWHGUFNHQ 9RUZDKOXQG5XIQXPPHUZHUGHQJHZlKOW 'DV. XU]ZDKO]LHO´µN|QQHQ6LHZlKOHQLQGHP6LHGLH. XU]ZDKOWDVWHODQJGUN NHQ]%IUFDOOE\FDOOZHQQ6LHXQWHUGHU1XOOHLQH9RUZDKOQXPPHUHLQSUR JUDPPLHUWKDEHQ D . XU]ZDKOVSHLFKHUYHUZDOWHQ 5XIQXPPHULQ6SHLFKHUSODW]HLQWUDJHQ ( RGHU . XU]ZDKO7DVWHGUFNHQ *HZQVFKWH=LHOWDVWHELV GUFNHQ ]%EOLQNW RGHUk ( 0LWGHQ7DVWHQRGHU GXUFKEOlWWHUQ 7DVWH2. GUFNHQ 5XIQXPPHUHLQJHEHQ 7DVWH2. GUFNHQ 5XIQXPPHULVWJHVSHLFKHUW=LHO1UEOLQNW $QVFKOLHHQGN|QQHQ6LHZHLWHUH(LQWUlJHLP. XU]ZDKOVSHLFKHUYRUQHKPHQ 'LH)XQNWLRQGHU57DVWHNXU]HU7DVWHQGUXFN XQGGHU XQG7DVWHN|QQHQ HEHQIDOOVJHVSHLFKHUWZHUGHQ :HQQ6LHHLQH1XPPHU]XP$XIUXIHLQHU6SH]LDOIXQNWLRQVSHLFKHUQEHDFKWHQ 6LHGDVVXQWHU8PVWlQGHUQHLQH:DKOSDXVHQRWZHQGLJLVW'LH:DKOSDXVHJH EHQ6LHPLWGHU57DVWH4ODQJHU7DVWHQGUXFN DQGHUHQWVSUHFKHQGHQ6WHO OHGHU=LIIHUQIROJHHLQ, P'LVSOD\ZLUGGLH:DKOSDXVHPLWª3©GDUJHVWHOOW :lKUHQGGHU(LQJDEHGHU5XIQXPPHUN|QQHQ6LHPLWGHU/|VFKWDVWH|(LQ JDEHQNRUULJLHUHQRGHUYRUGHU(LQJDEHHLQHYRUKDQGHQH5XIQXPPHUO|VFKHQ VLHKH6HLWH $QKDQJ 7HOHIRQHLQVWHOOHQ infobox 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ k 3URJUDPP7DVWHGUFNHQ 7HOHIRQLHUHQ 6LHN|QQHQKlXILJYHUZHQGHWH5XIQXPPHUQVSHLFKHUQXQGEUDXFKHQQLFKW PHKUGLHJHVDPWH5XIQXPPHU]XZlKOHQ, KU+DQGJHUlWELHWHW, KQHQGD]X . XU]ZDKOVSHLFKHUMHPD[=HLFKHQ XQWHUGHQ=LIIHUQWDVWHQELVDQ , Q%HWULHEQHKPHQ (LQWUlJHLP. XU]ZDKOVSHLFKHUNRQWUROOLHUHQ 6LHN|QQHQLP. XU]ZDKOVSHLFKHUEOlWWHUQ RGHUk B . XU]ZDKO7DVWHGUFNHQ 0LWGHQ7DVWHQRGHU GXUFKEOlWWHUQ $XIOHJHQ7DVWHGUFNHQ infobox 'LHJHIXQGHQH5XIQXPPHUN|QQHQ6LHGLUHNWZlKOHQODVVHQLQGHP6LHGLH$E QHKPHQ7DVWHGUFNHQVLHKH6HLWH (LQWUlJHLP. XU]ZDKOVSHLFKHUlQGHUQ k ( RGHU 3URJUDPP7DVWHGUFNHQ . XU]ZDKO7DVWHGUFNHQ *HZQVFKWH=LHOWDVWHELV GUFNHQ ]%EOLQNW RGHUk ( 0LWGHQ7DVWHQRGHU GXUFKEOlWWHUQ 7DVWH2. GUFNHQ %HOLHELJH=LIIHUHLQJHEHQ 0LW/|VFKWDVWHVWHOOHQZHLVH]XUFNVSULQJHQ XQGO|VFKHQ bQGHUXQJHLQJHEHQ 7DVWH2. GUFNHQ 5XIQXPPHULVWJHlQGHUW | ( (LQWUlJHLP. XU]ZDKOVSHLFKHUO|VFKHQ k ( RGHU 3URJUDPP7DVWHGUFNHQ . XU]ZDKO7DVWHGUFNHQ *HZQVFKWH=LHOWDVWHELV GUFNHQ ]%EOLQNW RGHUk | B 0LWGHQ7DVWHQRGHU GXUFKEOlWWHUQ 7DVWH2. GUFNHQ /|VFKWDVWHGUFNHQ 7DVWH2. GUFNHQ 5XIQXPPHULVWJHO|VFKW $XIOHJHQ7DVWHGUFNHQ $OOH(LQWUlJHLP. XU]ZDKOVSHLFKHUO|VFKHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQGUFNHQ 7DVWH2. GUFNHQ 3, 1GHV+DQGJHUlWVHLQJHEHQ , P/LHIHU]XVWDQGLVWGLHVª© -HGHHLQJHJHEHQH=LIIHUO|VFKWHLQHQ6WULFK 7DVWH2. GUFNHQ 7DVWHGUFNHQ $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ B 7DVWH2. GUFNHQ $OOH. XU]ZDKOVSHLFKHUVLQGJHO|VFKW $XIOHJHQ7DVWHGUFNHQ $XVGHU$QUXIHUOLVWHZlKOHQ s $QUXIHUOLVWHPD[(LQWUlJH GLHQXU5XIQXPPHUQQLFKWDQJHQRP 6RIHUQ6LHEHLGHU'HXWVFKHQ7HOHNRPGLH71HW)XQNWLRQ]XUhEHUWUDJXQJGHU 5XIQXPPHU&/, 3 EHDXIWUDJWKDEHQZHUGHQEHUWUDJHQH5XIQXPPHUPD[ =LIIHUQ YRQ$QUXIHQLQGLH/LVWHPLW'DWXP8KU]HLWDQJDEHQDEJHVSHLFKHUW 6LHN|QQHQ]ZHLXQWHUVFKLHGOLFKH$QUXIHUOLVWHQHLQVWHOOHQVLHKH6HLWH PHQHU$QUXIHVSHLFKHUWPLW$Q]DKO=lKOHUZLHRIWGLHJOHLFKH5XIQXPPHU DQJHUXIHQKDWGKHVHUIROJWNHLQH0HKUIDFKVSHLFKHUXQJDEHU'DWXP 8KU]HLWZLUGDNWXDOLVLHUWXQGLQGHU/LVWHQHXHLQJHRUGQHW 1DFK$XVZDKOGHU 5XIQXPPHUZLUGGHU(LQWUDJLQGHU/LVWHJHO|VFKWXQGLQGHU :DKOZLHGHUKROXQJJHVSHLFKHUW 6LHGDV*HVSUlFKDQJHQRPPHQRGHUQLFKWDQJHQRPPHQKDEHQPLW 1XPHULHUXQJGHU$QUXIHDQVWDWW$Q]DKO=lKOHUGK0HKUIDFKDQUXIHZHUGHQ HQWVSUHFKHQGRIWJHVSHLFKHUW 1DFK$XVZDKOGHU5XIQXPPHUZLUGGHU(LQWUDJQLFKWJHO|VFKWHVHUIROJW HLQH]XVlW]OLFKH6SHLFKHUXQJLP:DKOZLHGHUKROVSHLFKHU s $QUXIHUOLVWHPD[(LQWUlJH GLHDOOH5XIQXPPHUQVSHLFKHUWHJDORE 1HXHLQJHWURIIHQH5XIQXPPHUQZHUGHQDP+DQGJHUlWGXUFKGDV'LVSOD\V\P EROªVLJQDOLVLHUW 'LH5XIQXPPHUZLUGQLFKWJHVSHLFKHUWZHQQGHU$QUXIHUDQRQ\PDQUXIWGK GLHhEHUWUDJXQJVHLQHU5XIQXPPHUQLFKW]XJHODVVHQKDW , VWGLH/LVWHYROOZLUGGHUlOWHVWH(LQWUDJJHO|VFKWXQGGHUQHXH(LQWUDJGHU/LVWH YRUDQJHVWHOOW 5XIQXPPHUDXVGHU$QUXIHUOLVWHZlKOHQ k 3URJUDPP7DVWHGUFNHQ 7DVWHGUFNHQ $Q]DKOQHXHUXQGDOWHU(LQWUlJHZLUG NXU]]HLWLJDQJH]HLJW 'LH&/, 35XIQXPPHUZLUGDQJH]HLJW (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ RGHUk 0LWGHQ7DVWHQRGHU GXUFKEOlWWHUQ 'LH$Q]HLJHZHFKVHOW]ZLVFKHQ5XIQXPPHUXQG 1XPPHUGHV(LQWUDJVRGHU$Q]DKOGHU$QUXIH 'DWXP8KU]HLW D $EQHKPHQ7DVWHGUFNHQ 'LHDXVJHZlKOWH5XIQXPPHUZLUGJHVHQGHW $Q7HOHIRQDQODJHQ%HL:DKODXVGHU$QUXIHUOLVWHZLUGGLH$PWVNHQQ]LIIHU $. = DXWRPDWLVFKGHU5XIQXPPHUYRUDQJHVWHOOW infobox 5XIQXPPHUDXVGHU$QUXIHUOLVWHO|VFKHQ k 3URJUDPP7DVWHGUFNHQ 7DVWHGUFNHQ $Q]DKOQHXHUXQGDOWHU(LQWUlJHZLUG NXU]]HLWLJDQJH]HLJW 'LH&/, 35XIQXPPHUZLUGDQJH]HLJW | /|VFKWDVWHGUFNHQ 'LH&/, 3(LQWUDJLVWJHO|VFKW $QKDQJ 7HOHIRQHLQVWHOOHQ RGHUk 0LWGHQ7DVWHQRGHU GXUFKEOlWWHUQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU , Q%HWULHEQHKPHQ 5FNUXIEHL%HVHW]W 5FNUXIEHL%HVHW]WDNWLYLHUHQ 'LHVH71HW)XQNWLRQPXEHLGHU'HXWVFKHQ7HOHNRPEHDXIWUDJWVHLQ 'HU*HVSUlFKVSDUWQHUGHQ6LHDQUXIHQWHOHIRQLHUWJHUDGH:HQQGHU*H VSUlFKVSDUWQHUVHLQ*HVSUlFKEHHQGHWKDWZLUG, KUH9HUELQGXQJ]XLKPDXWR PDWLVFKKHUJHVWHOOW # 4 'HUDQJHUXIHQH*HVSUlFKVSDUWQHUIKUWJHUDGHHLQ*HVSUlFK6LHK|UHQGHQ %HVHW]WWRQ 7DVWHGUFNHQ 6LHK|UHQGHQ6RQGHUZlKOWRQ 7DVWHQQDFKHLQDQGHUGUFNHQ $QVDJHDEZDUWHQ´'DV'LHQVWPHUNPDOLVWDNWLYLHUWµ B $XIOHJHQ7DVWHGUFNHQ 6REDOGGHUJHZQVFKWH*HVSUlFKVSDUWQHUIUHLLVWZLUGGLH9HUELQGXQJDXWRPD WLVFKKHUJHVWHOOW (VNDQQMHZHLOVQXUHLQ5FNUXIDNWLYLHUWZHUGHQ 'LH$NWLYLHUXQJª5FNUXIEHL%HVHW]W©EOHLEWFD0LQXWHQEHVWHKHQ'DQDFK ZLUGVLHLQGHU9HUPLWWOXQJVVWHOOHRKQH5FNPHOGXQJJHO|VFKW 9RU]HLWLJHV$XVVFKDOWHQGHVDNWLYLHUWHQ5FNUXIVHUIROJWPLWGHU7DVWHQIROJH infobox D $QVDJHDEZDUWHQB :LUGQDFK$NWLYLHUHQGHV5FNUXIVGHU$QUXIEHDQWZRUWHU71HW%R[HLQJH VFKDOWHWE]Z$QUXIZHLWHUVFKDOWXQJ$:6 DNWLYLHUWYHUELQGHWGLH5FNUXI )XQNWLRQGHQ*HVSUlFKVSDUWQHUPLWGHPHQWVSUHFKHQGHQ=LHO :HLWHUH, QIRUPDWLRQHQVLHKH%HGLHQXQJVDQOHLWXQJ´. RPIRUWOHLVWXQJVPHUNPD OHLP71HWµGHU'HXWVFKHQ7HOHNRP *HVSUlFKDQGHU)HVWVWDWLRQPLWK|UHQODVVHQ # ] 6LHIKUHQHLQ([WHUQJHVSUlFK , QWHUQ7DVWHGUFNHQ 'DV([WHUQJHVSUlFKZLUGªJHKDOWHQ©GHU *HVSUlFKVSDUWQHUK|UWGLHLQWHUQH:DUWHPHORGLH 7DVWHGUFNHQ 6LHIKUHQGDV*HVSUlFKPLWGHPH[WHUQHQ*HVSUlFKVSDUWQHUZHLWHUGHU/DXW VSUHFKHUGHU)HVWVWDWLRQLVW]XJHVFKDOWHW 0LWK|UHQDXVVFKDOWHQ 7DVWHQQDFKHLQDQGHUGUFNHQ ] infobox 'HULQWHUQH7HLOQHKPHUDQGHU)HVWVWDWLRQNDQQQXUPLWK|UHQ 6LFKHUKHLW $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ *HVSUlFKDQHLQHPDQGHUHQ+DQGJHUlWPLWK|UHQODVVHQ :HQQ6LHPHKUHUH+DQGJHUlWHDQJHPHOGHWKDEHQ 6LHIKUHQHLQH[WHUQHV*HVSUlFKXQGP|FKWHQDQZHVHQGH3HUVRQHQEHUHLQ DQGHUHV+DQGJHUlWPLWK|UHQODVVHQ # ] 6LHIKUHQHLQ([WHUQJHVSUlFK , QWHUQ7DVWHGUFNHQ 'DV([WHUQJHVSUlFKZLUGªJHKDOWHQ©GHU *HVSUlFKVSDUWQHUK|UWGLHLQWHUQH:DUWHPHORGLH , QWHUQ1UGHVJHZQVFKWHQ+DQGJHUlWHVHLQJHEHQ :HQQGHULQWHUQH7HLOQHKPHUVLFKPHOGHW 7DVWHQQDFKHLQDQGHUGUFNHQ 6LHIKUHQGDV*HVSUlFKPLWGHPH[WHUQHQ*HVSUlFKVSDUWQHUZHLWHUGHULQWHU QH7HLOQHKPHUK|UWPLW ( k4 $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ 6LHIKUHQHLQH[WHUQHV*HVSUlFKXQGP|FKWHQDQZHVHQGH3HUVRQHQEHUGHQ /DXWVSUHFKHUGHU)HVWVWDWLRQPLWK|UHQODVVHQ , Q%HWULHEQHKPHQ k4 0LWK|UHQDXVVFKDOWHQ 7DVWHQQDFKHLQDQGHUGUFNHQ infobox 'HULQWHUQH7HLOQHKPHUK|UWQXUGHQH[WHUQHQ7HLOQHKPHU +|UHU/DXWVWlUNHYHUlQGHUQ # k ( RGHU 6LHIKUHQHLQ*HVSUlFK 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW *HZQVFKWH/DXWVWlUNHVWXIHHLQJHEHQ 6LHN|QQHQZlKUHQGGHV*HVSUlFKVGLH+|UHU/DXWVWlUNHLQGUHL6WXIHQHLQVWHO OHQ, P/LHIHU]XVWDQGLVW6WXIHHLQJHVWHOOW RGHUk # 0LWGHQ7DVWHQRGHU XPVFKDOWHQ 7DVWH2. GUFNHQ 'LHHLQJHVWHOOWH+|UHU/DXWVWlUNHZLUGIUZHLWHUH*HVSUlFKHJHVSHLFKHUW 6LHIKUHQGDV*HVSUlFKZHLWHU infobox 'LH+|UHU/DXWVWlUNHNDQQDXFKLP5XKH]XVWDQGHLQJHVWHOOWZHUGHQ VLHKH6HLWH +DQGJHUlWVWXPPVFKDOWHQ # ] 6LHIKUHQHLQ*HVSUlFK 5FNIUDJHLP5DXPKDOWHQ 4 $QRQ\PDQUXIHQ&/, 5 D ( $EQHKPHQ7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ =LHOUXIQXPPHUHLQJHEHQ 6LHIKUHQGDV*HVSUlFK *HVSUlFKEHHQGHQ $XIOHJHQ7DVWHGUFNHQ B infobox 1DFKGHP*HVSUlFKZLUGGLH(LQVWHOOXQJZLHGHU]XUFNJHVHW]W, KUHPQlFK VWHQ*HVSUlFKVSDUWQHUZLUG, KUH5XIQXPPHUZLHGHUEHUPLWWHOW $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH # . RVWHQ 6LFKHUKHLW %HLGHU'HXWVFKHQ7HOHNRPN|QQHQ6LHGLHJUXQGVlW]OLFKHhEHUPLWWOXQJ, KUHU 5XIQXPPHUDQGHQDQJHUXIHQHQ*HVSUlFKVSDUWQHUEHDXIWUDJHQ)UHLQDNWXHO OHV*HVSUlFKN|QQHQ6LHGLHhEHUPLWWOXQJ, KUHU5XIQXPPHUXQWHUELQGHQ $QUXIEHDQWZRUWHU 57DVWHGUFNHQ , KU*HVSUlFKVSDUWQHUK|UW6LHZLHGHU (UUHLFKEDUEOHLEHQ , QWHUQ7DVWHGUFNHQ 'DV*HVSUlFKZLUGªJHKDOWHQ©GHU*HVSUlFKVSDUWQHUK|UWGLHLQWHUQH:DUWHPH ORGLH 7HOHIRQLHUHQ 6ROO, KU*HVSUlFKVSDUWQHUQLFKWPLWK|UHQZDV6LH]%PLWHLQHU3HUVRQLP5DXP EHVSUHFKHQN|QQHQ6LH, KU+DQGJHUlWYRUEHUJHKHQGVWXPPVFKDOWHQ , Q%HWULHEQHKPHQ *HVSUlFKZlKUHQG$QUXIEHDQWZRUWHUEHWULHEEHUQHKPHQ D # $EQHKPHQ7DVWHGUFNHQ 6LHIKUHQGDV*HVSUlFK 6LHN|QQHQGDV*HVSUlFKPLWGHP+DQGJHUlWEHUQHKPHQDXFKZHQQGHU$Q UXIEHDQWZRUWHUVLFKEHUHLWVHLQJHVFKDOWHWKDW, KUH$QVDJHOlXIWRGHUGHU$QUXIHQ GHVHLQH1DFKULFKWDXIVSULFKW'LH$XI]HLFKQXQJZLUGGDPLWDEJHEURFKHQ(LQH ELV]XU*HVSUlFKVEHUQDKPHDXIJHQRPPHQH1DFKULFKWZLUGQXUGDQQJHVSHL FKHUWZHQQEHUHLWVPLQGHVWHQV6HNXQGHQDXIJHVSURFKHQZXUGHQ 7RQVHQGHUIXQNWLRQHLQVFKDOWHQ # k ( 6LHKDEHQHLQH9HUELQGXQJKHUJHVWHOOW 7DVWHQQDFKHLQDQGHUGUFNHQ 'LH7RQVHQGHUIXQNWLRQLVWHLQJHVFKDOWHW 6WHXHUEHIHKOHHLQJHEHQ :HQQ6LHPLW, KUHP+DQGJHUlWZlKUHQGHLQHU9HUELQGXQJ, QIRUPDWLRQHQ6WHX HUEHIHKOHHLQJHEHQZROOHQ]%]XU)HUQDEIUDJHHLQHV$QUXIEHDQWZRUWHUVIU 6SUDFKER[&LW\UXI PX, KUH)HVWVWDWLRQDXI7RQVHQGHUIXQNWLRQXPJHVWHOOWZHU GHQ infobox 1DFK%HHQGLJXQJGHU9HUELQGXQJZLUGGLH7RQVHQGHUIXQNWLRQZLHGHUDXVJH VFKDOWHW 'LH6WHXHUEHIHKOHZHUGHQQLFKWLQGHU:DKOZLHGHUKROXQJVOLVWHJHVSHLFKHUW , KUH0|JOLFKNHLWHQZlKUHQG6LHHLQ([WHUQJHVSUlFKIKUHQ 2KQH. RPIRUWOHLVWXQJHQLP71HW ² ² :lKUHQGHLQHVH[WHUQHQ*HVSUlFKVHLQDQGHUHV+DQGJHUlWDQUXIHQLQWHUQH 5FNIUDJH (LQH[WHUQHV*HVSUlFKDQHLQDQGHUHV+DQGJHUlWEHUJHEHQ ² ² ² ² (LQHQH[WHUQHQ=ZHLWDQUXIDQQHKPHQRGHUDEOHKQHQ (LQHQ]ZHLWHQH[WHUQHQ*HVSUlFKVSDUWQHUDQUXIHQH[WHUQH5FNIUDJH 0LWEHLGHQ*HVSUlFKVSDUWQHUQDEZHFKVHOQGVSUHFKHQ0DNHOQ 0LWEHLGHQ*HVSUlFKVSDUWQHUQJOHLFK]HLWLJVSUHFKHQ. RQIHUHQ] , KUH0|JOLFKNHLWHQZlKUHQG6LHHLQ, QWHUQJHVSUlFKIKUHQ 2KQH. RPIRUWOHLVWXQJHQLP71HW ² 'HQ$QUXIDQQHKPHQGDPLWGDV, QWHUQJHVSUlFKEHHQGHQ $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW 0LW. RPIRUWOHLVWXQJHQLP71HW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 'LHVH0|JOLFKNHLWHQN|QQHQ6LHLP([WHUQJHVSUlFKQXUQXW]HQZHQQGLH. RP IRUWOHLVWXQJHQLP71HW5FNIUDJH0DNHOQ'UHLHUNRQIHUHQ]$QNORSIHQ EHLGHU 7HOHNRPEHDXIWUDJWXQGIU, KUHQ$QVFKOXDNWLYLHUWVLQG$XVNXQIWGDUEHUHU KDOWHQ6LHEHLGHU'HXWVFKHQ7HOHNRP]XP1XOOWDULIXQWHUGHU5XIQXPPHU 7HOHIRQLHUHQ 7HOHIRQLHUHQPLW0HKUHUHQ , KU7HOHIRQELHWHW, KQHQGLH0|JOLFKNHLWZlKUHQGHLQHV*HVSUlFKVHLQHQ]ZHLWHQ *HVSUlFKVSDUWQHUDQ]XUXIHQ5FNIUDJH PLWGHQ]ZHL*HVSUlFKVSDUWQHUQDE ZHFKVHOQG0DNHOQ RGHUJOHLFK]HLWLJ'UHLHUNRQIHUHQ] ]XWHOHIRQLHUHQRKQH GDVV6LHGD]X]ZHL7HOHIRQDQVFKOVVHEHQ|WLJHQ , Q%HWULHEQHKPHQ :lKUHQGHLQHV*HVSUlFKVHLQHQZHLWHUHQ*HVSUlFKVSDUWQHUDQUXIHQ D (LQHQLQWHUQHQ*HVSlFKVSDUWQHUDQUXIHQLQWHUQH5FNIUDJH 6LHZROOHQZlKUHQGHLQHV([WHUQJHVSUlFKVHLQHQLQWHUQHQZHQQPHKUHUH+DQG JHUlWHDQJHPHOGHWVLQG RGHUH[WHUQHQ7HLOQHKPHUDQUXIHQ # ] 6LHIKUHQHLQH[WHUQHV*HVSUlFK , QWHUQ7DVWHGUFNHQ 'DV([WHUQJHVSUlFKZLUGªJHKDOWHQ©GHU*HVSUlFKVSDUWQHUK|UWGLHLQWHUQH :DUWHPHORGLH , QWHUQ1UGHVLQWHUQHQ*HVSUlFKVSDUWQHUVHLQJHEHQ :HQQ6LHQLFKWZLVVHQEHUZHOFKHV+DQGJHUlWGHUJHZQVFKWH*HVSUlFKV SDUWQHUJHUDGHHUUHLFKEDULVWN|QQHQ6LHPLWGHUª6WHUQ7DVWH©HLQHQ6DPPHO UXIDXVVHQGHQ 6LHVSUHFKHQPLWGHPLQWHUQHQ3DUWQHU , QWHUQJHVSUlFKEHHQGHQ 57DVWHGUFNHQXPGDVLQWHUQH*HVSUlFK]XEHHQGHQ 6LHVLQGZLHGHUPLWGHPH[WHUQHQ*HVSUlFKVSDUWQHUYHUEXQGHQ ( # 4 infobox %HLHLQHPLQWHUQHQ*HVSUlFKLVWGDV$QUXIHQHLQHVZHLWHUHQLQWHUQHQ*H VSUlFKVSDUWQHUVQLFKWP|JOLFK E (LQHQH[WHUQHQ*HVSUlFKVSDUWQHUDQUXIHQH[WHUQH5FNIUDJH # 4 ( 6LHIKUHQHLQH[WHUQHV*HVSUlFK 7DVWHGUFNHQ 'DV([WHUQJHVSUlFKZLUGJHKDOWHQGHU7HLOQHKPHUK|UWHLQH$QVDJH 5XIQXPPHUGHVH[WHUQHQ*HVSUlFKVSDUWQHUVHLQJHEHQ 6LHIKUHQHLQ*HVSUlFKPLWGHP]ZHLWHQ*HVSUlFKVSDUWQHU *HVSUlFKPLWGHP]ZHLWHQ*HVSUlFKVSDUWQHUEHHQGHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 6LHVLQGZLHGHUPLWGHP]XYRUJHKDOWHQHQ*HVSUlFKVSDUWQHUYHUEXQGHQ # 4 ([WHUQJHVSUlFKZlKUHQGHLQHVLQWHUQHQ*HVSUlFKVDQQHKPHQ B D # $XIOHJHQ7DVWHGUFNHQ , QWHUQJHVSUlFKLVWJHWUHQQW 6LHK|UHQGHQ5XIWRQ $EQHKPHQ7DVWHGUFNHQ 6LHVLQGPLWGHPDQNORSIHQGHQH[WHUQHQ$QUXIHUYHUEXQGHQ =ZHLWHV([WHUQJHVSUlFKZlKUHQGHLQHVH[WHUQHQ*HVSUlFKVDQQHKPHQ DEZHLVHQ # 6LHIKUHQHLQH[WHUQHV*HVSUlFK (LQ]ZHLWHUH[WHUQHU7HLOQHKPHUUXIW6LHDQ 6LHK|UHQGHQª$QNORSIWRQ© $QQHKPHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 6LHVLQGPLWGHPDQNORSIHQGHQ7HLOQHKPHUYHUEXQGHQ , KUHUVWHV*HVSUlFKZLUGJHKDOWHQ 6LHN|QQHQMHW]WPLWEHLGHQ*HVSUlFKVSDUWQHUQZDKOZHLVHDEZHFKVHOQG0D NHOQ RGHUJOHLFK]HLWLJ'UHLHUNRQIHUHQ] VSUHFKHQVLHKH6HLWH XQG 6HLWH $EZHLVHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 4 # RGHU 4 $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU # 6LHIKUHQHLQLQWHUQHV*HVSUlFK (LQH[WHUQHU7HLOQHKPHUUXIW6LHDQ 6LHK|UHQGHQª$QNORSIWRQ© (UUHLFKEDUEOHLEHQ =ZHLWHV*HVSUlFKZlKUHQGHLQHV*HVSUlFKVDQQHKPHQDEZHLVHQ 7HOHIRQLHUHQ infobox :HQQ6LHGLH$XIOHJHQ7DVWHGUFNHQZlKUHQGQRFKHLQHH[WHUQH9HUELQGXQJ LP5DKPHQGHU71HW)XQNWLRQª5FNIUDJH©JHKDOWHQZLUGHUIROJWNXU]QDFK GHP$XIOHJHQHLQ(ULQQHUXQJVUXIPD[6HNXQGHQODQJ :LH6LH]ZLVFKHQEHLGHQ*HVSUlFKVSDUWQHUQZHFKVHOQ0DNHOQ N|QQHQE]Z EHLGH*HVSUlFKVSDUWQHU]XHLQHUª'UHLHUNRQIHUHQ]©]XVDPPHQVFKDOWHQOHVHQ VLHDXI6HLWH XQG6HLWH , Q%HWULHEQHKPHQ # 6LHVHW]HQ, KUDNWXHOOHV*HVSUlFKIRUW infobox :ROOHQ6LHGDVHUVWH*HVSUlFKEHHQGHQXQGGDQQGHQª$QNORSIHQGHQ©DQQHK PHQKDEHQ6LHHLQLJH6HNXQGHQGDIU=HLWDEKlQJLJYRQGHU(LQVWHOOXQJGHU 9HUPLWWOXQJVVWHOOH 'UFNHQ6LHGD]XGLH$XIOHJHQ7DVWH, KU7HOHIRQNOLQJHOW GDQQXQG6LHN|QQHQGDVªDQNORSIHQGH©*HVSUlFKDXIQHKPHQ 'HUª$QNORSIHQGH©K|UWELV]X6HNXQGHQODQJDEKlQJLJYRQGHU(LQVWHO OXQJGHU9HUPLWWOXQJVVWHOOH GDV)UHL]HLFKHQ1HKPHQ6LHGHQ$QUXIGDQQQLFKW DQK|UWHUGHQ%HVHW]WWRQ 0LW]ZHL*HVSUlFKVSDUWQHUQDEZHFKVHOQGVSUHFKHQ0DNHOQ # 4 6LHIKUHQHLQ([WHUQJHVSUlFKXQGªKDOWHQ©HLQ]ZHLWHV*HVSUlFK 7DVWHQQDFKHLQDQGHUGUFNHQ 6LHZHUGHQPLWGHPMHZHLOVDQGHUHQ7HLOQHKPHUYHUEXQGHQ 6LHKDEHQZlKUHQGHLQHV([WHUQJHVSUlFKVHLQHQ]ZHLWHQ([WHUQDQUXIDQJHQRP PHQE]ZHLQHQZHLWHUHQH[WHUQHQ*HSUlFKVSDUWQHUDQJHUXIHQVLHKH6HLWH 6LHN|QQHQQXQ]ZLVFKHQ]ZHLH[WHUQHQ*HVSUlFKVSDUWQHUQKLQXQG KHUVFKDOWHQ infobox :HQQ6LHPLW]ZHLH[WHUQHQ*HVSUlFKVSDUWQHUQDEZHFKVHOQGYHUEXQGHQVLQG N|QQHQ6LHGHQªJHKDOWHQHQ©*HVSUlFKVSDUWQHULQHLQH'UHLHUNRQIHUHQ]PLW, K QHQXQGGHPDQGHUHQ*HVSUlFKVSDUWQHUHLQEH]LHKHQVLHKH6HLWH (LQHVGHUEHLGHQ*HVSUlFKHEHHQGHQ 6LHIKUHQDEZHFKVHOQGHLQ*HVSUlFKPLW]ZHLH[WHUQHQ*HVSUlFKVSDUWQHUQ XQGP|FKWHQGDV*HVSUlFKPLWHLQHP*HVSUlFKVSDUWQHUEHHQGHQDEHUPLW GHPDQGHUHQ*HVSUlFKVSDUWQHUYHUEXQGHQEOHLEHQ # 6LHIKUHQHLQ([WHUQJHVSUlFKXQGªKDOWHQ©HLQ]ZHLWHV*HVSUlFK $NWLYHV*HVSUlFKEHHQGHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 6LHVLQGZLHGHUDXVVFKOLHOLFKPLWGHPJHKDOWHQHQ*HVSUlFKVSDUWQHUYHUEXQ GHQ , QDNWLYHV*HVSUlFKEHHQGHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 'DV*HVSUlFKPLWGHPJHKDOWHQHQ*HVSUlFKVSDUWQHUZLUGJHWUHQQW 4 RGHU 0LW]ZHL*HVSUlFKVSDUWQHUQJOHLFK]HLWLJVSUHFKHQ'UHLHUNRQIHUHQ] 6LHN|QQHQHLQªJHKDOWHQHV©*HVSUlFKLQHLQH'UHLHUNRQIHUHQ]HLQEH]LHKHQ 'UHLHUNRQIHUHQ]HLQOHLWHQ # 4 6LHIKUHQHLQH[WHUQHV*HVSUlFKXQGªKDOWHQ©HLQ]ZHLWHVH[WHUQHV*HVSUlFK 7DVWHQQDFKHLQDQGHUGUFNHQ $OOHGUHL*HVSUlFKVSDUWQHUN|QQHQPLWHLQDQGHUVSUHFKHQ 'UHLHUNRQIHUHQ]PLWEHLGHQ*HVSUlFKVSDUWQHUEHHQGHQ B $XIOHJHQ7DVWHGUFNHQ infobox -HGHU*HVSUlFKVSDUWQHUNDQQVHLQH7HLOQDKPHDQHLQHU'UHLHUNRQIHUHQ]GXUFK 'UFNHQGHU$XIOHJHQ7DVWHE]Z$XIOHJHQGHV+|UHUVEHHQGHQ $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH # 6LHIKUHQHLQH'UHLHUNRQIHUHQ] . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU 4 (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ 'UHLHUNRQIHUHQ]EHHQGHQXQGPLW*HVSUlFKVSDUWQHUQDEZHFKVHOQG VSUHFKHQ # 4 6LHIKUHQHLQH'UHLHUNRQIHUHQ] 7DVWHQQDFKHLQDQGHUGUFNHQ 6LHEHILQGHQVLFKZLHGHULQGHU)XQNWLRQ0DNHOQ %HHQGHQGHV*HVSUlFKVPLWHLQHP3DUWQHUVLHKHYRUKHULJH6HLWH *HVSUlFKLQWHUQZHLWHUJHEHQ # ] 6LHIKUHQHLQH[WHUQHV*HVSUlFK , QWHUQ7DVWHGUFNHQ 'DV([WHUQJHVSUlFKZLUGªJHKDOWHQ©GHU*HVSUlFKVSDUWQHUK|UWGLHLQWHUQH :DUWHPHORGLH , QWHUQ1UGHVLQWHUQHQ*HVSUlFKVSDUWQHUVHLQJHEHQ 6LHVSUHFKHQPLWGHPLQWHUQHQ3DUWQHU $XIOHJHQ7DVWHGUFNHQ ( 6LHKDEHQHLQH[WHUQHV*HVSUlFKDQJHQRPPHQXQGP|FKWHQHVLQWHUQDQHLQ DQGHUHV+DQGJHUlWZHLWHUYHUPLWWHOQ # B 0HOGHWVLFKGHUJHUXIHQHLQWHUQH7HLOQHKPHUQLFKWN|QQHQ6LHGDV([WHUQJH VSUlFKDXFKGXUFK'UFNHQGHU57DVWH]XUFNKROHQ infobox 6LHN|QQHQDXFKGLH$XIOHJHQ7DVWHGUFNHQEHYRUVLFKGHULQWHUQH7HLOQHK PHUPHOGHW1LPPWGHULQWHUQH7HLOQHKPHUGDV([WHUQJHVSUlFKQLFKWDQHU IROJWLQQHUKDOEYRQ6HNXQGHQHLQ:LHGHUDQUXIDQ, KUHP+DQGJHUlW s $QUXIZHLWHUVFKDOWXQJVRIRUW²$OOH$QUXIHZHUGHQVRIRUWDQGLHHLQJHVWHOOWH 5XIQXPPHUZHLWHUJHVFKDOWHW s $QUXIZHLWHUVFKDOWXQJEHL%HVHW]W²'HU$QUXIZLUGQXUZHLWHUJHVFKDOWHW ZHQQ6LHJHUDGHWHOHIRQLHUHQ DEKlQJLJYRQGHU(LQVWHOOXQJ, KUHU9HUPLWWOXQJVVWHOOH ZHLWHUJHVFKDOWHW IDOOV6LHLKQQLFKWDQQHKPHQ 'LH9DULDQWHQª$QUXIZHLWHUVFKDOWXQJEHL1LFKWPHOGHQ©XQGª$QUXIZHLWHUVFKDO WXQJEHL%HVHW]W©N|QQHQEHLGHJOHLFK]HLWLJ²]XMHZHLOVXQWHUVFKLHGOLFKHQ=LHO UXIQXPPHUQ²DNWLYLHUWZHUGHQ 5XIQXPPHUIU$QUXIZHLWHUVFKDOWXQJHLQJHEHQXQGHLQVFKDOWHQ D $EQHKPHQ7DVWHGUFNHQ 7HOHIRQDQODJH $:6VRIRUW 7DVWHQQDFKHLQDQGHUGUFNHQ $:6EHL%HVHW]W 7DVWHQQDFKHLQDQGHUGUFNHQ $:6EHL1LFKWPHOGHQ 7DVWHQQDFKHLQDQGHUGUFNHQ RGHU RGHU $QKDQJ 7HOHIRQHLQVWHOOHQ . RVWHQ 6LFKHUKHLW s $QUXIZHLWHUVFKDOWXQJEHL1LFKWPHOGHQ²'HU$QUXIZLUGQDFK6HNXQGHQ $QUXIEHDQWZRUWHU $QUXIZHLWHUVFKDOWXQJ$:6 %HLGHU$QUXIZHLWHUVFKDOWXQJJLEWHVGUHL9DULDQWHQ (UUHLFKEDUEOHLEHQ 'LHVH0|JOLFKNHLWHQN|QQHQ6LHQXUQXW]HQZHQQGLH$QUXIZHLWHUVFKDOWXQJIU , KUHQ$QVFKOXDNWLYLHUWLVW$XVNXQIWHUKDOWHQ6LHEHLGHU'HXWVFKHQ7HOHNRP ]XP1XOOWDULIXQWHUGHU5XIQXPPHU 7HOHIRQLHUHQ (UUHLFKEDUEOHLEHQ 'DV7HOHIRQJLEW, KQHQPLWGHU$QUXIZHLWHUVFKDOWXQJGLH0|JOLFKNHLWHUUHLFKEDU ]XEOHLEHQDXFKZHQQ6LHQLFKWLQGHU1lKH, KUHV7HOHIRQVVLQG'LHVHUUHLFKHQ 6LHGXUFKDXWRPDWLVFKHV:HLWHUOHLWHQYRQ$QUXIHQDQHLQHEHOLHELJHDQGHUH5XI QXPPHURGHUDXIHLQHQ$QUXIEHDQWZRUWHUGHU7HOHNRP , Q%HWULHEQHKPHQ ( =LHOUXIQXPPHUHLQJHEHQ 5DXWH7DVWHGUFNHQ 6LHK|UHQGLH$QVDJH´'DV'LHQVWPHUNPDOLVWDNWLYLHUWµ $XIOHJHQ7DVWHGUFNHQ B $QUXIZHLWHUVFKDOWXQJDXVVFKDOWHQ 6LHKDEHQEHUHLWVHLQH=LHOUXIQXPPHUJHVSHLFKHUW D $EQHKPHQ7DVWHGUFNHQ $:6VRIRUW 7DVWHQQDFKHLQDQGHUGUFNHQ $:6EHL%HVHW]W 7DVWHQQDFKHLQDQGHUGUFNHQ $:6EHL1LFKWPHOGHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 6LHK|UHQGLH$QVDJH´'DV'LHQVWPHUNPDOLVWGHDNWLYLHUWµ $XIOHJHQ7DVWHGUFNHQ RGHU RGHU B 0|FKWHQ6LHQDFKHLQHUDNWLYLHUWHQª$:6VRIRUW©HLQHDQGHUH$:6ª$:6EHL 1LFKWPHOGHQ©RGHUª$:6EHL%HVHW]W© HLQVFKDOWHQPVVHQ6LH]XHUVWGLH ª$:6VRIRUW©DXVVFKDOWHQXQGGDQDFKHLQHQHXH$:6HLQVFKDOWHQ infobox 0LW´(LQVFKDOWHQµN|QQHQ6LHHLQHEHUHLWVHLQJHVFKDOWHWH$:6GLUHNWEHU VFKUHLEHQ 'LH9DULDQWHQª$:6EHL%HVHW]W©XQGª$:6EHL1LFKWPHOGHQ©N|QQHQEHLGH JOHLFK]HLWLJ]XMHZHLOVXQWHUVFKLHGOLFKHQ=LHOUXIQXPPHUQDNWLYLHUWZHUGHQ :HLWHUH, QIRUPDWLRQHQHUKDOWHQ6LHEHLGHU'HXWVFKHQ7HOHNRP´%HGLHQXQJV DQOHLWXQJIUGLHQHXHQ. RPIRUWOHLVWXQJHQLP71HWµ 71HW%R[HLQVWHOOHQ s ª$XI]HLFKQXQJVRIRUW©²$OOH$QUXIHZHUGHQDQGLH71HW%R[ %HLGHU8POHLWXQJ, KUHU$QUXIHDXIGLH71HW%R[VWHKHQ, KQHQGUHL9DULDQWHQ]XU 9HUIJXQJ ZHLWHUJHVFKDOWHW s ª$XI]HLFKQXQJEHL%HVHW]W©²'HU$QUXIZLUGDQGLH71HW%R[ZHLWHUJHOHLWHW ZHQQ6LHHLQDQGHUHV*HVSUlFKIKUHQ s ª$XI]HLFKQXQJEHL1LFKWPHOGHQ©²'HU$QUXIZLUGQDFK6HNXQGHQ 71HW%R[HLQDXVVFKDOWHQ D $EQHKPHQ7DVWHGUFNHQ (LQVFKDOWHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 6LHK|UHQGLH$QVDJH´'DV'LHQVWPHUNPDOLVWDNWLYLHUWµ $XVVFKDOWHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 6LHK|UHQGLH$QVDJH´'DV'LHQVWPHUNPDOLVWGHDNWLYLHUWµ $XIOHJHQ7DVWHGUFNHQ RGHU B infobox :HLWHUH, QIRUPDWLRQHQGDUEHUZLH6LHGLH71HW%R[HLQULFKWHQ1DFKULFKWHQ DEK|UHQXQGZHLWHUH)XQNWLRQHQGHU71HW%R[QXW]HQHQWQHKPHQ6LHELWWH GHU´%HGLHQXQJVDQOHLWXQJ71HW%R[µ $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU DEKlQJLJYRQGHU(LQVWHOOXQJ, KUHU9HUPLWWOXQJVVWHOOH DQGLH71HW%R[ ZHLWHUJHVFKDOWHWIDOOV6LHLKQQLFKWHQWJHJHQQHKPHQ (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ 6LHKDEHQGLH0|JOLFKNHLW$QUXIHGLUHNWDXIHLQHQ$QUXIEHDQWZRUWHU71HW%R[ GHU'HXWVFKHQ7HOHNRPZHLWHU]XOHLWHQ , Q%HWULHEQHKPHQ 6WDWLRQIUGHQ5HSHDWHU%HWULHEYRUEHUHLWHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQ 7DVWH2. GUFNHQ 7DVWHGUFNHQ $EVFKDOWHQ 7DVWH2. GUFNHQ 5HSHDWHU%HWULHELVWHLQJHVWHOOW :HQQ6LHHLQHQ5HSHDWHU5HLFKZHLWHQHUZHLWHUXQJ DQ, KUHU)HVWVWDWLRQEHWUHL EHQZROOHQPVVHQ6LH, KUH)HVWVWDWLRQIUGHQ5HSHDWHU%HWULHEHLQVWHOOHQ $QUXIEHDQWZRUWHU s 7DVWHOHXFKWHW s 7DVWHEOLQNW 'LH)HUQEHGLHQXQJYRQHLQHPDQGHUHQ7HOHIRQDQVFKOXNDQQQXUGXUFKJHIKUW ZHUGHQZHQQGLH6\VWHP3, 1XQJOHLFK´µHLQJHVWHOOWLVW 0DQXHOOHLQDXVVFKDOWHQ 'HU$QUXIEHDQWZRUWHUZLUGPLWGHU$QUXIEHDQWZRUWHU(LQ$XV7DVWHHLQE]Z DXVJHVFKDOWHW (LQVFKDOWHQDQGHU)HVWVWDWLRQ f infobox , VWZHQLJHUDOV 6HNXQGHQ6SHLFKHU]HLWIUGLH$XIQDKPHYRQ1DFKULFKWHQ YHUIJEDUK|UHQ6LHGHQ+LQZHLVª6SHLFKHUYROO©'HU$QUXIEHDQWZRUWHUOlW VLFKGDQQQXUPLW$QUXIKLQZHLV$QVDJHHLQVFKDOWHQ8P6SHLFKHU]XU9HUI JXQJ]XVWHOOHQPVVHQ6LHDOWH1DFKULFKWHQO|VFKHQVLHKH6HLWH $QKDQJ 7HOHIRQHLQVWHOOHQ $QUXIEHDQWZRUWHU(LQ$XV7DVWHGUFNHQ 'HU$QUXIEHDQWZRUWHULVWHLQJHVFKDOWHWXQGGLH7DVWHOHXFKWHW 6LHK|UHQGLH+LQZHLVHª$QVDJH;DNWLYLHUW©XQGª5HVWVSHLFKHU]HLW;0LQXWHQ© 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW infobox 6LHN|QQHQYHUVFKLHGHQH$XI]HLFKQXQJVTXDOLWlWHQIU1DFKULFKWHQ, QIRVXQG 0LWVFKQLWWHHLQVWHOOHQVLHKH6HLWH 'LH(LQVWHOOXQJEHHLQIOXWDXFKGLHYHUIJ EDUH6SHLFKHUNDSD]LWlW'LHPD[LPDOH$XI]HLFKQXQJV]HLWEHWUlJWFD0LQX WHQ , VWGHU1DFKULFKWHQVSHLFKHUYROOVFKDOWHWVLFKGHU$QUXIEHDQWZRUWHUDXWRPDWLVFK DXVZHQQNHLQH+LQZHLVDQVDJHJHVSHLFKHUWLVW, VWHLQH+LQZHLVDQVDJHJHVSHL FKHUWZLUGDXWRPDWLVFKDXIGLHVH$QVDJHDUWXPJHVFKDOWHW $OOH6SUDFKDXI]HLFKQXQJHQEOHLEHQEHL6WURPDXVIDOOJHVSHLFKHUW $QUXIEHDQWZRUWHU 'HU$QUXIEHDQWZRUWHUNDQQ$QUXIHDQQHKPHQ 'HU$QUXIEHDQWZRUWHUKDWHLQHQ$QUXIDQJHQRPPHQ HLQHQHXH1DFKULFKWLVWHLQJHWURIIHQRGHUHUZLUGDXV GHU)HUQHDEJHIUDJW s 7DVWHOHXFKWHWQLFKW'HU$QUXIEHDQWZRUWHUNDQQNHLQH$QUXIHDQQHKPHQ (UUHLFKEDUEOHLEHQ 6LHN|QQHQGHQ$QUXIEHDQWZRUWHUDQGHU)HVWVWDWLRQPLWGHP+DQGJHUlWRGHU PLWGHU)HUQEHGLHQXQJ7RQVHQGHU VWHXHUQVLHKHDE6HLWH 'LH$QUXIEHDQWZRUWHU(LQ$XV7DVWH$]HLJWGLH$XIQDKPHEHUHLWVFKDIWGHV $QUXIEHDQWZRUWHUVDQ 7HOHIRQLHUHQ 'HU$QUXIEHDQWZRUWHUVSHLFKHUWVRZRKO, KUHDXIJHVSURFKHQHQ$QVDJHQDOVDXFK GLH1DFKULFKWHQGHU$QUXIHUHOHNWURQLVFK$OOH$QVDJHQXQG1DFKULFKWHQZHUGHQ LQJOHLFKEOHLEHQGKRKHU4XDOLWlWDXIJH]HLFKQHWXQGVLQGVHKUVFKQHOODEUXIEDU , Q%HWULHEQHKPHQ $XVVFKDOWHQDQGHU)HVWVWDWLRQ f $QUXIEHDQWZRUWHU(LQ$XV7DVWHGUFNHQ7DVWHOHXFKWHW 'HU$QUXIEHDQWZRUWHULVWDXVJHVFKDOWHWXQGGLH7DVWHQEHOHXFKWXQJHUOLVFKW :HQQGHU$QUXIEHDQWZRUWHUEHUHLWVPLWGHU$QVDJHEHJRQQHQKDWRGHUZlK UHQGHUHLQH1DFKULFKWDXI]HLFKQHWOlWHUVLFKQLFKWDXVVFKDOWHQ6LHN|QQHQ GLH$XI]HLFKQXQJPLWK|UHQVLHKHXQWHQXQG6HLWH RGHUGDV*HVSUlFK EHUQHKPHQVLHKH6HLWH infobox 0LWK|UHQZlKUHQGHLQHUODXIHQGHQ$XI]HLFKQXQJ :lKUHQGHLQHUODXIHQGHQ$XI]HLFKQXQJHLQVFKDOWHQ , VWGDV0LWK|UHQYRQ1DFKULFKWHQDXVJHVFKDOWHWVLHKH6HLWH N|QQHQ6LHGLH $XI]HLFKQXQJHLQHUHLQ]HOQHQ1DFKULFKWDQGHU)HVWVWDWLRQPLWK|UHQ 3OXV7DVWHGUFNHQ 6LHK|UHQGHQ$QUXIHUEHUGHQ/DXWVSUHFKHUGHU)HVWVWDWLRQ 0LWK|UHQZLHGHUDXVVFKDOWHQ 0LQXV7DVWHVRRIWGUFNHQELVGHU/DXWVSUHFKHUDXVJHVFKDOWHWLVW infobox 1DFK%HHQGLJXQJGHU$XI]HLFKQXQJLVWGDV0LWK|UHQZLHGHUDXVJHVFKDOWHW E]ZGLHELVKHULJH/DXWVWlUNHZLHGHUHLQJHVWHOOW , P/LHIHU]XVWDQGLVWGDV0LWK|UHQHLQJHVFKDOWHW s 6WDQGDUGDQVDJHZHLEOLFK PLW*HVSUlFKVDXI]HLFKQXQJ /LHIHUHLQVWHOOXQJ s $QVDJHPLW*HVSUlFKVDXI]HLFKQXQJELV6HNXQGHQ/lQJH s $QVDJHPLW*HVSUlFKVDXI]HLFKQXQJELV6HNXQGHQ/lQJH (LQH6FKOXDQVDJHIU$QVDJHXQGELV6HNXQGHQ/lQJH RGHU (QGHWRQ s +LQZHLVDQVDJHRKQH*HVSUlFKVDXI]HLFKQXQJELV6HNXQGHQ/lQJH 'LHLQGLYLGXHOOHQ$QVDJHQXQGGLH+LQZHLVDQVDJHQHKPHQ6LHVHOEVWDXI 'LHVHN|QQHQ6LHDXFKEHOLHELJRIWO|VFKHQXQGHUQHXHUQ $QVDJHPLW*HVSUlFKVDXI]HLFKQXQJ %HLVSLHOIUHLQHQ$QVDJHWH[W ª*XWHQ7DJKLHULVWGLH)DPLOLH0OOHU:LUVLQG]XU=HLWQLFKWHUUHLFKEDU6LH N|QQHQXQVMHGRFKQDFKGHP7RQHLQH1DFKULFKWKLQWHUODVVHQ1HQQHQ6LH XQV, KUHQ1DPHQXQG, KUH5XIQXPPHUZLUUXIHQ6LHVFKQHOOVWP|JOLFK ]XUFN© 6FKOXDQVDJHª9LHOHQ'DQNIU, KUHQ$QUXI© +LQZHLVDQVDJHRKQH*HVSUlFKVDXI]HLFKQXQJ %HLVSLHOIUHLQHQ+LQZHLVDQVDJHWH[W ª*XWHQ7DJKLHULVWGHU*DVWKRI]XU3RVW8QVHU%HWULHELVW]XU=HLWJHVFKORV VHQ8QVHUHgIIQXQJV]HLWHQVLQGWlJOLFK«9LHOHQ'DQNIU, KUHQ$QUXI© 'LH+LQZHLVDQVDJHNDQQDXFKDOV'XUFKZDKODQVDJHJHQXW]WZHUGHQ]% ª*HEHQ6LHIU+DQVHLQHIU0DULDHLQHRGHUIU:LOOLHLQHHLQ© VLHKH6HLWH infobox $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU 'LH6WDQGDUGDQVDJHIU$QVDJH ª=XU=HLWLVWWHOHIRQLVFKQLHPDQGHUUHLFK EDU6LHN|QQHQMHGRFKQDFKGHP6LJQDOWRQHLQH1DFKULFKWKLQWHUODVVHQ'DQNH© RKQH6FKOXDQVDJH LVWLP7HOHIRQIHVWJHVSHLFKHUW6SUHFKHQ6LHHLQHLQGLYLGX HOOH$QVDJHRGHUDXIZLUGGDPLWGLH6WDQGDUGDQVDJHIUGLHVH$QVDJHDXV JHEOHQGHW (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ $QUXIEHDQWZRUWHU³$QVDJHQ 6LHN|QQHQ]ZLVFKHQYHUVFKLHGHQHQ$QVDJHQZlKOHQGLHGHU$QUXIHUK|UW ZHQQGHU$QUXIEHDQWZRUWHUHLQJHVFKDOWHWLVW , Q%HWULHEQHKPHQ $QVDJHDUWHLQVWHOOHQ $QGHU)HVWVWDWLRQ 6LHPVVHQ]XHUVWGLH$QVDJHDUWHLQVWHOOHQGDPLW6LHGLHULFKWLJH$QVDJHDXI VSUHFKHQE]ZGHQ$QUXIEHDQWZRUWHUPLWGHUJHZQVFKWHQ$QVDJH(LQVFKDOWHQ N|QQHQ $QVDJH7DVWHGUFNHQ 6LHK|UHQGHQ+LQZHLVª$QVDJHHLQV$QVDJH]ZHLRGHU+LQZHLVDQVDJH© 9RURGHU=XUFN7DVWHGUFNHQ 6LHK|UHQGLH+LQZHLVHª$QVDJHHLQV$QVDJH]ZHLRGHU+LQZHLVDQVDJH©XQG QDFKFD6HNªDNWLYLHUW©XQGª5HVWVSHLFKHU]HLW© , VWNHLQH+LQZHLVDQVDJHJHVSHLFKHUWK|UHQ6LHGHQ+LQZHLVª+LQZHLVDQVDJH QLFKWYRUKDQGHQ© infobox , VWHLQH+LQZHLVDQVDJHJHVSHLFKHUWXQG6LHKDEHQGLH'XUFKZDKOHLQJHVFKDO WHWVLHKH6HLWH ZLUGGDPLWGLH6WDQGDUG'XUFKZDKODQVDJHHUVHW]W'HU $QUXIEHDQWZRUWHUOlWVLFKPLWGLHVHU+LQZHLVDQVDJHHLQVFKDOWHQ(LQ$XVWD VWHOHXFKWHW VFKDOWHWVLFKDEHUEHL$QUXIHQQLFKWDQ $QVDJHQDXIQHKPHQ D $QGHU)HVWVWDWLRQ $QVDJH7DVWHGUFNHQ 6LHK|UHQGHQ+LQZHLVª$QVDJHHLQV$QVDJH]ZHLRGHU+LQZHLVDQVDJH© $XIQDKPH7DVWHGUFNHQ $P+DQGJHUlW+DQGJHUlWOlXWHW $EQHKPHQ7DVWHGUFNHQ 6LHK|UHQGHQ+LQZHLVª$XIQDKPH$QVDJH© 1DFKGHP%HUHLWWRQ 6SUHFKHQ6LHGHQ$QVDJHWH[W , KUHLQGLYLGXHOOH$QVDJHE]Z+LQZHLVDQVDJHZLUGEHUGDV+DQGJHUlWDXI JHVSURFKHQ(LQYRUKDQGHQHLQGLYLGXHOOH$QVDJHZLUGGXUFKGDV6SHLFKHUQ HLQHUQHXDXIJHQRPPHQHQ$QVDJHJHO|VFKW)UMHGH$QVDJHVWHKHQPD[LPDO 6HNXQGHQ]XU9HUIJXQJ %HDFKWHQ6LH$QVDJHQZHUGHQJUXQGVlW]OLFKLQKRKHU4XDOLWlWDXIJH]HLFKQHW (LQHLQGLYLGXHOOH$QVDJHYRQHLQHU0LQXWHEHOHJWGDKHUFDGUHL0LQXWHQGHU IUHLHQ6SHLFKHUNDSD]LWlW # c $QGHU)HVWVWDWLRQ 6WRS7DVWHGUFNHQ 1XUEHL$QVDJHXQGK|UHQ6LHGHQ+LQZHLVª$XIQDKPH6FKOXDQVDJH© 1DFKGHP%HUHLWWRQ 6SUHFKHQ6LHGHQ6FKOXDQVDJHWH[W $QGHU)HVWVWDWLRQ 6WRS7DVWHGUFNHQ 'LH$XIQDKPHLVWEHHQGHW =XP. RQWUROOK|UHQZLUGGHUDXIJHVSURFKHQGH7H[WEHUGHQ/DXWVSUHFKHUGHU )HVVWDWLRQZLHGHUJHJHEHQ 6LHK|UHQGHQ(QGH7RQ 6SUHFKHQ6LHZlKUHQGGHU$XIQDKPHRKQHJURH3DXVHQPD[6HNXQGHQ GDVRQVWGLH$XIQDKPHDEJHEURFKHQZLUG # c infobox 6LHN|QQHQGLHHLQJHVWHOOWH$QVDJHDQGHU)HVWVWDWLRQDQK|UHQ $QVDJH7DVWHGUFNHQ 6LHK|UHQGHQ+LQZHLVª$QVDJHHLQV$QVDJH]ZHLRGHU+LQZHLVDQVDJH© :LHGHUJDEH7DVWHGUFNHQ 'LH$QVDJHZLUGEHUGHQ/DXWVSUHFKHUZLHGHUJHJHEHQ $QVDJH7DVWHGUFNHQ 6LHK|UHQGHQ+LQZHLVª$QVDJHHLQV$QVDJH]ZHLRGHU+LQZHLVDQVDJH© /|VFK7DVWHGUFNHQ 6LHK|UHQGHQ+LQZHLVªJHO|VFKW©XQGGHQ(QGH7RQ :HQQHLQH$QVDJHJHO|VFKWZLUGZLUGDXFKGLH6FKOXDQVDJHJHO|VFKW infobox $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH $QVDJHQO|VFKHQ 6LHN|QQHQ, KUHLQGLYLGXHOOHQ$QVDJHQDQGHU)HVWVWDWLRQO|VFKHQ:HQQ6LH, KUH $QVDJHRGHUO|VFKHQZLUGDXWRPDWLVFKGLH6WDQGDUGDQVDJHDNWLYLHUW . RVWHQ 6LFKHUKHLW $QVDJHQDQK|UHQ $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ $QUXIEHDQWZRUWHU³1DFKULFKWHQ 6LHN|QQHQDP$QUXIEHDQWZRUWHU s s s s s s s DXIJH]HLFKQHWH1DFKULFKWHQDEK|UHQ HLQH1DFKULFKWYRQ$QIDQJDQZLHGHUKROHQ 1DFKULFKWHQEHUVSULQJHQ GLH:LHGHUJDEHODXWVWlUNHlQGHUQ 1DFKULFKWHQHLQ]HOQO|VFKHQ DOOHªDOWHQ©1DFKULFKWHQO|VFKHQ 1DFKULFKWHQDP+DQGJHUlWDEK|UHQVLFKGDEHLGLH5XIQXPPHUGHV$QUX IHUVDQ]HLJHQODVVHQXQG]XUFNUXIHQ $OVDOWH1DFKULFKWHQJHOWHQ$XI]HLFKQXQJHQYRQ1DFKULFKWHQ, QIRV0LWVFKQLW WHQGLHEHUHLWVHLQPDOPLQGHVWHQV6HNXQGHQRGHUYROOVWlQGLJDQJHK|UWZXU GHQ $XHUGHQ$QVDJHQN|QQHQ6LHDXFK, QIRUPDWLRQHQDXI]HLFKQHQGLHZLH1DFK ULFKWHQDEJHK|UWXQGJHO|VFKWZHUGHQN|QQHQVLHKH6HLWH 1DFKULFKWHQDEK|UHQ $OV1DFKULFKWHQZHUGHQDOOH$XI]HLFKQXQJHQ´1DFKULFKWHQµ, QIRVµXQG´0LW VFKQLWWHµJHVSHLFKHUW :LHGHUJDEHVWDUWHQ +DQGJHUlW , QWHUQ7DVWHGUFNHQ 7DVWHGUFNHQ , QWHUQ1U$QUXIEHDQWZRUWHU 6LHK|UHQGLH+LQZHLVH $Q]DKO´1HXHUµXQG´$OWHUµ1DFKULFKWHQZLUGDQJH]HLJW 'LH1DFKULFKWHQZHUGHQLQGHU5HLKHQIROJHµ1HXH1DFKULFKWHQµXQGDQVFKOLH HQG´$OWH1DFKULFKWHQµZLHGHUJHJHEHQ /LHJHQQHXH1DFKULFKWHQYRUEOLQNWGLH(LQ$XV7DVWHDQGHU)HVWVWDWLRQXQG DP+DQGJHUlWZLUGGDV'LVSOD\V\PERO DQJH]HLJW ] infobox %HLDQNRPPHQGHQ$QUXIZLUGGDV$EK|UHQDEJHEURFKHQ :LHGHUJDEHYRUEHUJHKHQGDQKDOWHQ3DXVH c +DQGJHUlW 7DVWHGUFNHQ )HVWVWDWLRQ 6WRS7DVWHGUFNHQ 'LH:LHGHUJDEHGHU1DFKULFKWZLUGXQWHUEURFKHQ 8PGLH:LHGHUJDEHIRUW]XVHW]HQ +DQGJHUlW 7DVWHGUFNHQ )HVWVWDWLRQ :LHGHUJDEH7DVWHGUFNHQ 'LH:LHGHUJDEHGHU1DFKULFKWZLUGIRUWJHVHW]W infobox $QKDQJ 7HOHIRQHLQVWHOOHQ %HLHLQJHVFKDOWHWHUDXWRPDWLVFKHU3DXVHVLHKH6HLWH NDQQEHLQXUHLQHU YRUKDQGHQHQ1DFKULFKWRGHUEHLGHUOHW]WHQ1DFKULFKWQDFKGHU3DXVHGLH :LHGHUJDEHQLFKWIRUWJHVHW]WZHUGHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU )HVWVWDWLRQ :LHGHUJDEH7DVWHGUFNHQ 6LHK|UHQGLH+LQZHLVHªQQHXH1DFKULFKWHQ©ªQDOWH1DFK ULFKWHQ©ª1DFKULFKW;©ª:RFKHQWDJ7DJ0RQDW8KU]HLW© 6LHK|UHQGLH1DFKULFKWHQEHUGHQ/DXWVSUHFKHUDQGHU )HVWVWDWLRQ (UUHLFKEDUEOHLEHQ 7DVWHGUFNHQ 6LHK|UHQGLH+LQZHLVHXQGGLH HUVWHQHXH1DFKULFKW 'LH5XIQXPPHU&/, 3 GHV$QUXIHUVRGHUª©ZLUGDQJH ]HLJW $OOH6HNXQGHQZHFKVHOWGLH $Q]HLJHLP'LVSOD\ 1UGHU1DFKULFKW'DWXP 8KU]HLWZHUGHQDQJH]HLJW 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ :LHGHUJDEHDEEUHFKHQ c +DQGJHUlW 7DVWH[GUFNHQ )HVWVWDWLRQ 6WRS7DVWH[GUFNHQ 'LH:LHGHUJDEHGHU1DFKULFKWHQLVWEHHQGHW 1DFKULFKWYRQ$QIDQJDQZLHGHUKROHQ :lKUHQGGHU:LHGHUJDEH )HVWVWDWLRQ =XUFN7DVWHGUFNHQ +DQGJHUlW 7DVWHGUFNHQ 'LH1DFKULFKWZLUGYRQ$QIDQJDQZLHGHUKROWPLW1U:RFKHQ WDJ'DWXP8KU]HLW 1DFKULFKWHQEHUVSULQJHQ 6LHN|QQHQZlKUHQGGHV$EK|UHQVHLQHU1DFKULFKW]XDQGHUHQ1DFKULFKWHQ VSULQJHQ =XUQlFKVWHQ1DFKULFKWVSULQJHQ :lKUHQGGHU:LHGHUJDEH )HVWVWDWLRQ 9RU7DVWHGUFNHQ +DQGJHUlW 7DVWHGUFNHQ 'LHQlFKVWH1DFKULFKWZLUGZLHGHUJHJHEHQPLW1U:RFKHQ WDJ'DWXP8KU]HLW =XUYRUKHUJHKHQGHQ1DFKULFKWVSULQJHQ :lKUHQGGHU:LHGHUJDEH )HVWVWDWLRQ =XUFN7DVWH[VFKQHOOQDFKHLQDQGHUGUFNHQ infobox 0LWMHGHP]XVlW]OLFKHQ7DVWHQGUXFNVSULQJHQ6LHHLQH1DFKULFKWZHLWHUE]Z PLW'RSSHOWDVWHQGUXFNHLQH1DFKULFKW]XUFN 1DFKULFKWHQDQ]HLJHXQG5XIQXPPHUZlKOHQ :lKUHQGGHU:LHGHUJDEHHLQHU1DFKULFKWZLUGDP+DQGJHUlWH'LVSOD\GLH5XI QXPPHUGHV$QUXIHUVXQGDEZHFKVHOQGDOOH6HNXQGHQ ª1UGHU1DFK ULFKW©ª7DJ0RQDW©ª6WXQGH0LQXWHQ©DQJH]HLJW 6LHN|QQHQGHQ$QUXIHUVRIRUW]XUFNUXIHQ 7DVWH2. GUFNHQ 'LH:lKOOHLWXQJZLUGEHOHJWXQGGLH5XIQXPPHUJHZlKOW :LHGHUJDEHODXWVWlUNHlQGHUQ :lKUHQGGHU:LHGHUJDEHDQGHU)HVWVWDWLRQ 3OXV0LQXV7DVWHQVRRIWGUFNHQELVGLHJHZQVFKWH/DXWVWlUNHHUUHLFKWLVW $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW 0LWGHQ7DVWHk N|QQHQ6LHYRQ1DFKULFKW]X1DFKULFKWVSULQJHQ $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ +DQGJHUlW 7DVWH[GUFNHQ 'LHYRUKHULJH1DFKULFKWZLUGZLHGHUJHJHEHQPLW1U:R FKHQWDJ'DWXP8KU]HLW , Q%HWULHEQHKPHQ 1DFKULFKWHLQ]HOQO|VFKHQ :lKUHQGGHU:LHGHUJDEHHLQHU1DFKULFKW )HVWVWDWLRQ /|VFK7DVWHGUFNHQ 6LHK|UHQGHQ+LQZHLVª1DFKULFKWJHO|VFKW© +DQGJHUlW 7DVWHGUFNHQ 1XUGLHDNWXHOOH1DFKULFKWLVWJHO|VFKW 'LH:LHGHUJDEHZLUGIRUWJHVHW]WIDOOVZHLWHUH1DFKULFKWHQYRU KDQGHQVLQG $OOHDOWHQ1DFKULFKWHQO|VFKHQ 1DFKGHU:LHGHUJDEHGHU1DFKULFKWHQ 'LHDEJHK|UWHQDOWHQ 1DFKULFKWHQVROOWHQ6LHO|VFKHQGDPLWJHQJHQGIUHLHU 6SHLFKHUSODW]IUGLH$XI]HLFKQXQJQHXHU1DFKULFKWHQ]XU9HUIJXQJVWHKW )HVWVWDWLRQ /|VFK7DVWHGUFNHQ 6LHK|UHQGHQ+LQZHLVª/|VFKHQPLW5FNVSUXQJWDVWHEHVWlWL JHQ© =XUFN7DVWHGUFNHQ 6LHK|UHQGHQ+LQZHLVª1DFKULFKWHQJHO|VFKW© +DQGJHUlW 7DVWHGUFNHQGUFNHQ 6LHK|UHQGHQ+LQZHLVª/|VFKHQPLU5FNVSUXQJWDVWHEHVWl WLJHQ© 7DVWHGUFNHQ 6LHK|UHQGHQ+LQZHLVª1DFKULFKWHQJHO|VFKW© 1DFKULFKWZLHGHUDOV´1HXµPDUNLHUHQ :lKUHQGGHU:LHGHUJDEHHLQHU1DFKULFKW +DQGJHUlW 7DVWHGUFNHQ 1XUGLHDNWXHOOH1DFKULFKWLVWZLHGHU´QHXµ 6LHK|UHQGHQ+LQZHLVª1DFKULFKWLVWQHX© 'LH:LHGHUJDEHZLUGIRUWJHVHW]WIDOOVZHLWHUH1DFKULFKWHQYRU KDQGHQVLQG infobox (LQH1DFKULFKWNDQQELV]XVLHEHQPDODOVQHXPDUNLHUWZHUGHQ $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ )HVWVWDWLRQ $XIQDKPH7DVWHGUFNHQ 6LHK|UHQGHQ+LQZHLVª1DFKULFKWLVWQHX© 7HOHIRQLHUHQ 6LHN|QQHQHLQHJHUDGHK|UEDUH1DFKULFKWZLHGHUDOV´QHXµPDUNLHUHQZRPLW GLHVH1DFKULFKW, KQHQGDQDFKZLHGHUDOV´QHXHµ1DFKULFKWVLJQDOLVLHUWZLUG , Q%HWULHEQHKPHQ $QUXIEHDQWZRUWHUHLQVWHOOHQ 6LHN|QQHQDP$QUXIEHDQWZRUWHUIROJHQGH(LQVWHOOXQJHQYRUQHKPHQ N|QQHQ6LHYHUlQGHUQ s 'LH$XI]HLFKQXQJVTXDOLWlWIU1DFKULFKWHQ, QIRUPDWLRQHQXQG0LWVFKQLWWH s 'LH$Q]DKOGHU5XIW|QHELVGHU$QUXIEHDQWZRUWHUPLWGHU$QVDJHEHJLQQW OlWVLFKDXIELV5XIW|QHHLQVWHOOHQ6LHN|QQHQGHQ$QUXIEHDQWZRUWHU DXFKYHUDQODVVHQGLHVDXWRPDWLVFK HLQ]XVWHOOHQ s 'LH1DFKULFKWHQGDXHU'LH1DFKULFKWHQGDXHUGKGLH$XI]HLFKQXQJV]HLW IUGLH1DFKULFKWHLQHV$QUXIHUVN|QQHQ6LHHQWZHGHULQ6WXIHQYRQELV 0LQXWHQRGHU²DEKlQJLJYRQGHU5HVWVSHLFKHUNDSD]LWlW²XQEHJUHQ]WHLQ VWHOOHQ 1DFKULFKWHLQJHVFKDOWHWN|QQHQ6LHGLH1DFKULFKWGHV$QUXIHUVZlKUHQG GHU$XI]HLFKQXQJEHUGHQ/DXWVSUHFKHUPLWK|UHQXQGJJIDXFKGDV *HVSUlFKEHUQHKPHQ WHUVRHLQVWHOOHQGDVVHU, KQHQDNXVWLVFK'DWXPXQG8KU]HLW]XUDXIJH]HLFK QHWHQ1DFKULFKWPLWWHLOW QXQJGHQ/DXWVSUHFKHUGHU)HVWVWDWLRQHLQVFKDOWHQXQGLQGHQ5DXPVSUH FKHQ DQWZRUWHUVRHLQVWHOOHQGDVVQDFK$QK|UHQMHGHU1DFKULFKWDXWRPDWLVFK HLQH3DXVHHLQWULWWGLH6LHPLWGHU:LHGHUJDEH7DVWHEHHQGHQXPGDV $QK|UHQIRUW]XVHW]HQ s 'DV0LWK|UHQEHLGHU$XI]HLFKQXQJ, VWGDV0LWK|UHQGHUHLQJHKHQGHQ s $NXVWLVFKH=HLWDQVDJHHLQDXVVFKDOWHQ6LHN|QQHQGHQ$QUXIEHDQWZRU s 'LUHNWDQVSUHFKHQIUHLJHEHQVSHUUHQ6LHN|QQHQEHUGLH)HUQEHGLH s 3DXVH]ZLVFKHQGHQ1DFKULFKWHQEHLP$QK|UHQ6LHN|QQHQGHQ$QUXIEH $XI]HLFKQXQJVTXDOLWlW s $XI]HLFKQXQJVTXDOLWlWDXWR FD0LQXWHQ$XI]HLFKQXQJV]HLWZLUGLQ KRKHU4XDOLWlWDXIJH]HLFKQHWGDQQZHUGHQDOOH1DFKULFKWHQDXWRPDWLVFK DXI6WDQGDUGTXDOLWlWNRPSULPLHUW$XI]HLFKQXQJV]HLWFD0LQXWHQ 'LH $QUXIEHDQWZRUWHUIXQNWLRQHQZHUGHQIUGLH. RPSUHVVLRQVSKDVHDXI´$XVµ JHVFKDOWHWHVVLQGNHLQH7DVWHQEHWlWLJXQJHQPHKUP|JOLFK s $XI]HLFKQXQJVTXDOLWlWVWDQGDUG KRKH. RPSUHVVLRQ$XI]HLFKQXQJV]HLW FD0LQXWHQ/LHIHU]XVWDQG s $XI]HLFKQXQJVTXDOLWlWKRFK QLHGULJH. RPSUHVVLRQ$XI]HLFKQXQJV]HLW FD0LQXWHQ $QVDJHQZHUGHQJUXQGVlW]OLFKLQKRKHU4XDOLWlWDXIJH]HLFKQHW%HLGHU(LQVWHO OXQJDXI6WDQGDUGTXDOLWlWIUGLH$XI]HLFKQXQJYRQ1DFKULFKWHQEHOHJW]%HLQH LQGLYLGXHOOH$QVDJHKRKH$XI]HLFKQXQJVTXDOLWlW YRQHLQHU0LQXWHFD]ZHL 0LQXWHQGHUIUHLHQ6SHLFKHUNDSD]LWlW (LQVWHOOXQJDP+DQGJHUlW k RGHU 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW $XI]HLFKQXQJVTXDOLWlWDXWR 7DVWHGUFNHQ RGHU B 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ $QKDQJ 7HOHIRQHLQVWHOOHQ $XI]HLFKQXQJVTXDOLWlWKRFK 7DVWHGUFNHQ 7HOHIRQDQODJH $XI]HLFKQXQJVTXDOLWlWVWDQGDUG 7DVWHGUFNHQ . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ 6LHN|QQHQGLH$XI]HLFKQXQJVTXDOLWlW. RPSUHVVLRQGHU6SUDFKH IU1DFKULFK WHQ, QIRUPDWLRQHQXQG0LWVFKQLWWHHLQVWHOOHQ'LHVH(LQVWHOOXQJEHHLQIOXWDXFK GLHYHUIJEDUH6SHLFKHUNDSD]LWlW , Q%HWULHEQHKPHQ $Q]DKOGHU5XIW|QHELVGHU$QUXIEHDQWZRUWHUDNWLYZLUG 'LH$XVZDKOªDXWRPDWLVFK ©EHGHXWHW s $QUXIEHDQWZRUWHUQLPPWGLH9HUELQGXQJQDFKYLHU5XIW|QHQDQZHQQ 'LH$Q]DKOGHU5XIW|QHQDFKGHQHQGHU$QUXIEHDQWZRUWHUPLWGHU$QVDJH EHJLQQWNDQQDXIª©ELVª©RGHUDXIªDXWRPDWLVFK ©HLQJHVWHOOWZHUGHQ , P/LHIHU]XVWDQGLVWªDXWRPDWLVFK ©HLQJHVWHOOW NHLQHQHXHQ1DFKULFKWHQRGHU, QIRUPDWLRQHQYRUKDQGHQVLQG QHXH1DFKULFKWHQRGHU, QIRUPDWLRQHQYRUKDQGHQVLQG s $QUXIEHDQWZRUWHUQLPPWGLH9HUELQGXQJQDFK]ZHL5XIW|QHQDQZHQQ 0LWGHU(LQVWHOOXQJªDXWRPDWLVFK ©N|QQHQ6LHEHLGHU)HUQEHGLHQXQJGHV $QUXIEHDQWZRUWHUV. RVWHQVSDUHQVLHKH6HLWH k RGHU 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW $XWRPDWLVFK 7DVWHGUFNHQ RGHU 5XIH 7DVWHGUFNHQ RGHU 5XIH 7DVWHGUFNHQ RGHU 5XIH 7DVWHGUFNHQ RGHU 5XIH 7DVWHGUFNHQ RGHU 5XIH 7DVWHGUFNHQ RGHU 5XIH 7DVWHGUFNHQ RGHU 5XIH 7DVWHGUFNHQ B 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ 1DFKULFKWHQGDXHU k RGHU 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW /lQJH0LQXWHQ 7DVWHGUFNHQ RGHU /lQJH0LQXWH 7DVWHGUFNHQ RGHU /lQJH0LQXWHQ 7DVWHGUFNHQ /lQJHXQEHJUHQ]W 7DVWHGUFNHQ $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW 'LHPD[LPDOH$XI]HLFKQXQJVGDXHUNDQQDXI0LQXWHQRGHUªXQEH JUHQ]W©GKQXUEHJUHQ]WGXUFKGLH6SHLFKHUNDSD]LWlWGHV$QUXIEHDQWZRUWHUV HLQJHVWHOOWZHUGHQ, P/LHIHU]XVWDQGLVWGLHPD[LPDOH$XI]HLFKQXQJVGDXHUIU HLQH1DFKULFKWDXI0LQXWHQHLQJHVWHOOW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 5XIH 7DVWHGUFNHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ B 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ 0LWK|UHQEHLGHU$XI]HLFKQXQJHLQDXVVFKDOWHQ 8PDOOHHLQJHKHQGHQ1DFKULFKWHQDXWRPDWLVFKEHUGHQ/DXWVSUHFKHUGHU )HVWVWDWLRQPLWK|UHQ]XN|QQHQPXGLHVH)XQNWLRQHLQJHVFKDOWHWVHLQ , P/LHIHU]XVWDQGLVWGDV0LWK|UHQHLQJHVFKDOWHW 'LH)XQNWLRQNDQQZlKUHQGHLQHUODXIHQGHQ$XI]HLFKQXQJVLHKH6HLWH IU HLQH1DFKULFKWHLQJHVFKDOWHWZHUGHQ k RGHU 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW $XVVFKDOWHQ 7DVWHGUFNHQ B (LQVFKDOWHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ $NXVWLVFKH=HLWDQVDJHHLQDXVVFKDOWHQ k RGHU 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW $XVVFKDOWHQ 7DVWHGUFNHQ 6LQG'DWXP8KU]HLWHLQJHJHEHQVLHKH6HLWH N|QQHQ6LHGLHDNXVWLVFKH =HLWDQVDJHIUDXIJH]HLFKQHWH1DFKULFKWHQ, QIRUPDWLRQHQXQG0LWVFKQLWWHHLQ RGHUDXVVFKDOWHQ'LHDNXVWLVFKH=HLWDQVDJHLVWEHLGHU)HUQDEIUDJHYRQ1DFK ULFKWHQEHVRQGHUVQW]OLFK , P/LHIHU]XVWDQGLVWVLHHLQJHVFKDOWHW B 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW (LQVFKDOWHQ 7DVWHGUFNHQ $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ 'LUHNWDQVSUHFKHQIUHLJHEHQVSHUUHQ k RGHU 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW 6SHUUHQ 7DVWHGUFNHQ , VWGLH)XQNWLRQª'LUHNWDQVSUHFKHQ©IUHLJHJHEHQN|QQHQ6LHEHUGLH)HUQEH GLHQXQJEHUGHQ/DXWVSUHFKHUGHU)HVWVWDWLRQLQGHQ5DXPVSUHFKHQ , P/LHIHU]XVWDQGLVW'LUHNWDQVSUHFKHQHLQJHVFKDOWHW B )UHLJHEHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ infobox :LH6LHGLH)XQNWLRQª'LUHNWDQVSUHFKHQ©GXUFKIKUHQILQGHQ6LHDXI6HLWH 3DXVH]ZLVFKHQGHQ1DFKULFKWHQEHLP$EK|UHQ /LHIHU]XVWDQGRKQH3DXVH 3DXVHHLQDXVVFKDOWHQ 6LHN|QQHQDOOHHLQJHJDQJHQHQ1DFKULFKWHQQDFKHLQDQGHUDEK|UHQRGHUMHGH 1DFKULFKWHLQ]HOQPLWHLQHUDXWRPDWLVFKHQ3DXVHQDFKGHU1DFKULFKWZREHL6LH GDV$EK|UHQGHUQlFKVWHQ1DFKULFKWZLHGHUPLWGHU:LHGHUJDEH7DVWHVWDUWHQ PVVHQ6LHKDEHQGDPLWQDFKGHP$EK|UHQMHGHU1DFKULFKW]XVlW]OLFK=HLWXP ]XHQWVFKHLGHQRE6LHGLHJHK|UWH1DFKULFKWQRFKPDOVDQK|UHQO|VFKHQRGHU PLWGHUQlFKVWHQ1DFKULFKWIRUWIDKUHQZROOHQ k RGHU 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW (LQVFKDOWHQ 7DVWHGUFNHQ $XVVFKDOWHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ B $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ $QUXIEHDQWZRUWHUIHUQEHGLHQHQ 9RUDXVVHW]XQJHQ]XU1XW]XQJGHU)HUQEHGLHQXQJ EHQ|WLJW ² ² s =XU)HUQEHGLHQXQJGHV$QUXIEHDQWZRUWHUVZLUGHLQHVGHUIROJHQGHQ*HUlWH 7HOHIRQPLW7RQVHQGHU)XQNWLRQE]Z7RQZDKORGHU 7RQVHQGHU+DQGVHQGHU s 'LH6\VWHP3, 1PXXQJOHLFK´µVHLQVLHKH6HLWH s 8PGHQ$QUXIEHDQWZRUWHUPLWGHU)HUQEHGLHQXQJDE]XIUDJHQXQG]XVWHX HUQPVVHQ6LH GLH9HUELQGXQJPLWGHP$QUXIEHDQWZRUWHUDXIQHKPHQVLHKH6HLWH GDQQGLH1XPPHUQ IUGLH)HUQEHGLHQXQJVIXQNWLRQHQ ZlKOHQ VLHKH6HLWH 9RUVLFKWEHLHLQJHVFKDOWHWHU$QUXIZHLWHUVFKDOWXQJ. RPIRUWOHLVWXQJLP7 1HW 'LH$QUXIZHLWHUVFKDOWXQJª$:6VRIRUW©GDUIQLFKWHLQJHVFKDOWHWVHLQGD VRQVW, KU$QUXIGLUHNWDQGLHHLQJHVWHOOWH=LHOUXIQXPPHUZHLWHUJHOHLWHW ZLUG , VWGLH$QUXIZHLWHUVFKDOWXQJª$:6EHL1LFKWPHOGHQ©HLQJHVWHOOWXQGGHU $QUXIEHDQWZRUWHUDXVJHVFKDOWHWRGHUGHU6SHLFKHUGHV$QUXIEHDQW ZRUWHUVYROOVRN|QQHQ6LHGLH)HUQEHGLHQXQJHEHQIDOOVQLFKWQXW]HQ, KU $QUXIZLUGZHLWHUJHOHLWHWQRFKEHYRU6LH]XU3, 1(LQJDEHDXIJHIRUGHUW ZHUGHQ )XQNWLRQHQGHU)HUQEHGLHQXQJ %HLGHU)HUQEHGLHQXQJZHUGHQ6LHGXUFK6SUDFKKLQZHLVHJHIKUW )ROJHQGH)XQNWLRQHQVWHKHQ]XU9HUIJXQJ s $QUXIEHDQWZRUWHUHLQRGHUDXVVFKDOWHQ s . RVWHQVSDUHQLQGHP6LHQDFKGHU$QZDKOGHV$QUXIEHDQWZRUWHUVEHUHLWV s )U1DFKULFKWHQ DQGHU$Q]DKOGHU5XIW|QHHUNHQQHQREQHXH1DFKULFKWHQYRUKDQGHQVLQG ² ² ² ² ² DXIJH]HLFKQHWH1DFKULFKWHQDEK|UHQGDEHLGLH:LHGHUJDEHDQKDOWHQ 1DFKULFKWHQªEHUVSULQJHQ©]XUQlFKVWHQ]XUYRUKHUJHKHQGHQRGHU ]XP%HJLQQGHUODXIHQGHQ1DFKULFKWVSULQJHQ ODXIHQGHRGHUDOOHDOWHQ1DFKULFKWHQO|VFKHQ HLQH$QVDJHDXVZlKOHQXQGDQK|UHQ HLQH$QVDJHDXIQHKPHQSUIHQXQGDOVDNWXHOOH$QVDJHDXVZlKOHQ RGHUZLHGHUYHUZHUIHQ s )U$QVDJHQ s 'LUHNWDQVSUHFKHQVLHKH6HLWH s 6WDWXVLQIRUPDWLRQDEIUDJHQVLHKH6HLWH EHU ² ² ² $XIQDKPHEHUHLWVFKDIW DNWXHOOHLQJHVWHOOWH$QVDJHXQG YRUKDQGHQH5HVWVSHLFKHU]HLWIUGLH1DFKULFKWHQDXI]HLFKQXQJ s +LOIHDQIRUGHUQVLHKH6HLWH s 3, 16FKXW]1DFKGUHLPDOLJHU(LQJDEHHLQHUXQJOWLJHQ6\VWHP3, 1ZLUG . RVWHQ $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH DXWRPDWLVFKGLH9HUELQGXQJJHWUHQQW 9HUELQGXQJ]XP$QUXIEHDQWZRUWHUKHUVWHOOHQWUHQQHQ 9HUELQGXQJKHUVWHOOHQEHLHLQJHVFKDOWHWHP$QUXIEHDQWZRUWHU P 5XIQXPPHU, KUHV7HOHIRQVZlKOHQ 6LHK|UHQGLHHLQJHVWHOOWH$QVDJH %HL7HOHIRQHQPLW, :93XOVZDKO 'HQ7RQVHQGHUPLWGHP*XPPLULQJDXIGDV0LNURIRQGHV+|UHUVKDOWHQE]ZGDV 7HOHIRQDXI7RQVHQGHU)XQNWLRQXPVFKDOWHQ P 5DXWH7DVWHXQG6\VWHP3, 1HLQJHEHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ infobox 9RUVLFKW, VWGLH6\VWHP3, 1(LQJDEHIHKOHUKDIWK|UHQ6LHGHQ6SUDFKKLQZHLV ª3, 1LVWXQJOWLJ©:LHGHUKROHQ6LHGLH3, 1(LQJDEHPLW 6LHK|UHQGLH6SUDFKKLQZHLVH s ªQQHXH1DFKULFKWHQ©ªQDOWH1DFKULFKWHQ©RGHUª. HLQH1DFKULFKWHQYRU KDQGHQ©XQGª5HVWVSHLFKHU]HLW;0LQXWHQ© 6LHN|QQHQMHW]WHLQHRGHUPHKUHUH)HUQEHGLHQXQJVIXQNWLRQHQVLHKH 6HLWH I YRP7HOHIRQDXVDXIUXIHQ 'LH6SUDFKKLQZHLVHN|QQHQ6LHDEEUHFKHQLQGHP6LHVRIRUW=LIIHUQIUGLH )HUQEHGLHQXQJHLQJHEHQ 9HUELQGXQJKHUVWHOOHQEHLDXVJHVFKDOWHWHP$QUXIEHDQWZRUWHU , VWGHU$QUXIEHDQWZRUWHU, KUHV7HOHIRQVDXVJHVFKDOWHWN|QQHQ6LHLKQWURW]GHP SHU)HUQEHGLHQXQJVWHXHUQ]%HLQVFKDOWHQ P 5XIQXPPHU, KUHV7HOHIRQVZlKOHQ :DUWHQ6LHFD6HNXQGHQELV6LHGXUFKHLQH$QVDJH]XU(LQJDEHGHU6\VWHP 3, 1ª%LWWH3, 1HLQJHEHQ© DXIJHIRUGHUWZHUGHQ infobox P 5DXWH7DVWHXQG6\VWHP3, 1HLQJHEHQ 6LHK|UHQGLH6SUDFKKLQZHLVH s ªQQHXH1DFKULFKWHQ©ªQDOWH1DFKULFKWHQ©RGHUª. HLQH1DFKULFKWHQYRU KDQGHQ© s ª+LQZHLVDQVDJHQLFKW YRUKDQGHQ© s ª$QVDJHDNWLYLHUW©RGHUª$QVDJHDNWLYLHUW©RGHUª+LQZHLVDQVDJHDNWL YLHUW© s ª5HVWVSHLFKHU]HLW;0LQXWHQ©RGHU EHL6SHLFKHUYROO ª6SHLFKHUYROO© s :HQQ'DWXP8KU]HLWQLFKWHLQJHJHEHQ ª=HLWHLQVWHOOXQJQLFKWYRUKDQGHQ© %HDFKWHQ6LH s 6LQGPLQGHVWHQV6HNXQGHQ6SHLFKHUSODW]]XU$XI]HLFKQXQJYRQ1DFK ULFKWHQYHUIJEDUVFKDOWHWVLFKGHU$QUXIEHDQWZRUWHUMHW]WDXWRPDWLVFKHLQ 'KZHQQ6LHGLH)HUQEHGLHQXQJEHHQGHQLVWGHU$QUXIEHDQWZRUWHUPLWGHU DNWLYLHUWHQ$QVDJHHLQJHVFKDOWHW s 6LQGZHQLJHUDOV6HNXQGHQ6SHLFKHUSODW]]XU$XI]HLFKQXQJYRQ1DFK 6LHN|QQHQMHW]WHLQHRGHUPHKUHUH)HUQEHGLHQXQJVIXQNWLRQHQVLHKH 6HLWH I YRP7HOHIRQDXVDXIUXIHQ 'LH6SUDFKKLQZHLVHN|QQHQ6LHDEEUHFKHQLQGHP6LHVRIRUW=LIIHUQIUGLH )HUQEHGLHQXQJHLQJHEHQ 9HUELQGXQJWUHQQHQ²)HUQEHGLHQXQJEHHQGHQ J +|UHUDXIOHJHQ infobox . RVWHQVSDUHQ 'HU$QUXIEHDQWZRUWHUZLUGDNWLYQDFK ² ² YLHU5XIW|QHQ(VVLQGNHLQHQHXHQ1DFKULFKWHQYRUKDQGHQ ]ZHL5XIW|QHQ(VVLQGQHXH1DFKULFKWHQYRUKDQGHQ %HLPHKUDOV]ZHL5XIW|QHQZLVVHQ6LHGDVVNHLQHQHXHQ1DFKULFKWHQYRUKDQ GHQVLQG6LHN|QQHQGDQQVRIRUWGHQ+|UHUDXIOHJHQ)UGLHVHQ$QUXIIDOOHQ NHLQH. RVWHQDQVRODQJHGHU$QUXIEHDQWZRUWHUQLFKWPLWGHU$QVDJHEHJLQQW $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW 6LHHUNHQQHQEHUHLWVDQGHU$Q]DKOGHU5XIW|QHREQHXH1DFKULFKWHQYRUKDQ GHQVLQG'LHVH)XQNWLRQKLOIW, KQHQ. RVWHQ]XVSDUHQ 9RUDXVVHW]XQJ'LH$Q]DKOGHU5XIW|QHELVGHU$QUXIEHDQWZRUWHUDNWLYZLUGLVW DXIªDXWRPDWLVFK ©HLQJHVWHOOWVLHKH6HLWH $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ ULFKWHQYHUIJEDUOlWVLFKGHU$QUXIEHDQWZRUWHUQXUPLWYRUKDQGHQHU+LQ ZHLVDQVDJHHLQVFKDOWHQ 6LHN|QQHQMHGRFK)HUQEHGLHQXQJVIXQNWLRQHQGXUFKIKUHQXQG]%DEJH K|UWH1DFKULFKWHQO|VFKHQXQGEHL%HGDUIGHQ$QUXIEHDQWZRUWHUPLW$QVDJH RGHU$QVDJHHLQVFKDOWHQ , Q%HWULHEQHKPHQ )XQNWLRQVDXIUXIHPLWGHU)HUQEHGLHQXQJ (LQHXQJHZROOWH)XQNWLRQEUHFKHQ6LHGXUFKHLQE]Z]ZHLPDOLJHV'UFNHQGHU7DVWHDE 1DFKULFKWHQ s DQK|UHQ 5HLKHQIROJH´1HXHµGDQQ´$OWHµ s DOOHDOWHQ 1DFKULFKWHQ O|VFKHQ s DXIVSUHFKHQ $QIDQJGHU1DFKULFKW 9RUKHULJH1DFKULFKW 1lFKVWH1DFKULFKW $OVQHXPDUNLHUHQ 3DXVH /|VFKHQ1DFKULFKW $OOHDOWHQ1DFKULFKWHQZHUGHQJHO|VFKW²EHUHLW]XZHLWHUHQ )XQNWLRQVDXIUXIHQ 1DFKULFKWDXIVSUHFKHQ1DFKULFKWHQOlQJHZLH(LQVWHOOXQJ $QVDJHQ s DXVZlKOHQ $QVDJH$QVDJH+LQZHLVDQVDJH HLQJHVWHOOWH$QVDJH YRUKHULJH$QVDJH QlFKVWH$QVDJH $XVJHZlKOWH$QVDJH VSUHFKHQ $XVJHZlKOWH$QVDJH DQK|UHQ $XVJHZlKOWH$QVDJH O|VFKHQ s DXIQHKPHQ s DQK|UHQ s O|VFKHQ 6WRS :HLWHUH)XQNWLRQHQ s 6WDWXV 6WDWXVDEIUDJH6LHK|UHQ6SUDFKKLQZHLVH]X (LQVWHOOXQJHQGHV$QUXIEHDQWZRUWHUV :HLWHUVSULQJHQLQGHQ+LQZHLVHQ 6WDWXVDQVDJHDEEUHFKHQ²EHUHLW]XZHLWHUHQ )XQNWLRQVDXIUXIHQ s $QUXIEHDQWZRUWHUHLQDXV VFKDOWHQ s 'LUHNWDQVSUHFKHQ 'LUHNWDQVSUHFKHQYHUOlQJHUQQDFK 6HNXQGHQ 'LUHNWDQVSUHFKHQEHHQGHQ²EHUHLW]XZHLWHUHQ )XQNWLRQVDXIUXIHQ s )HUQEHGLHQXQJEHHQGHQ J +|UHUDXIOHJHQ $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ %HLIUHLJHJHEHQHP'LUHNWDQVSUHFKHQ , Q%HWULHEQHKPHQ $QUXIEHDQWZRUWHUHUZHLWHUW 6LHN|QQHQ s GHQ$QUXIEHDQWZRUWHUDOV, QIRER[YHUZHQGHQ s DXIGHP$QUXIEHDQWZRUWHUHLQ*HVSUlFKPLWVFKQHLGHQ s DXWRPDWLVFKH3DXVH]ZLVFKHQGHQHLQ]HOQHQ1DFKULFKWHQZlKUHQGGHV 1HEHQGHQELVKHUEHVFKULHEHQHQ)XQNWLRQHQELHWHW, KQHQGHU$QUXIEHDQWZRUWHU QRFKHLQH5HLKHZHLWHUHU)XQNWLRQHQGLH6LHHYWOQLFKWVWlQGLJEHQ|WLJHQGLH DEHULQEHVWLPPWHQ6LWXDWLRQHQVHKUKLOIUHLFKVHLQN|QQHQ $QK|UHQ $QUXIEHDQWZRUWHUDOV, QIRER[ )HVWVWDWLRQ $XIQDKPH7DVWHGUFNHQ 6LHK|UHQGHQ+LQZHLVª$XIQDKPH1DFKULFKW© +DQGJHUlWOlXWHW $EQHKPHQ7DVWHGUFNHQ 6LHK|UHQGHQ%HUHLWWRQ , QIRUPDWLRQDXIVSUHFKHQ ]HLWOLFKEHJUHQ]WZLH(LQVWHOOXQJGHU1DFKULFKWHQOlQJH )HVWVWDWLRQ 6WRS7DVWHGUFNHQ 6LHN|QQHQDP$QUXIEHDQWZRUWHUVHOEVWHLQH, QIRUPDWLRQDXIVSUHFKHQRKQHVLFK LQV7HOHIRQQHW]HLQ]XZlKOHQ6LHNDQQGDQQZLHHLQH1DFKULFKWDEJHK|UWRGHU JHO|VFKWZHUGHQ²DXFKEHUGLH)HUQEHGLHQXQJ D # c infobox 'LH$XI]HLFKQXQJZLUGGXUFKHLQH6SUHFKSDXVHYRQPHKUDOV6HNXQGHQ GXUFK%HWlWLJXQJGHU$XIOHJHQ7DVWHRGHUEHLYROOHP6SHLFKHUEHHQGHW *HVSUlFKPLWVFKQHLGHQ # :lKUHQGHLQHVH[WHUQHQ*HVSUlFKV , QWHUQ7DVWHGUFNHQ 'HU*HVSUlFKVSDUWQHUK|UWGLHLQWHUQH:DUWHPHORGLH 7DVWHGUFNHQ $EMHW]WZLUGGDV*HVSUlFKDXIJH]HLFKQHW$XI]HLFKQXQJVOlQJHHQWVSUHFKHQG GHU5HVWVSHLFKHUNDSD]LWlW 0LWVFKQLWWEHHQGHQ , QWHUQ7DVWHGUFNHQ 7DVWHGUFNHQ 'LH$XI]HLFKQXQJLVWEHHQGHW 'LH$XI]HLFKQXQJZLUGDXFKGXUFK%HHQGHQGHV*HVSUlFKVXQGEHLYROOHP 6SHLFKHUEHHQGHW 'HU*HVSUlFKVSDUWQHUVROOWHYRUKHUEHUGHQ0LWVFKQLWWLQIRUPLHUWZHUGHQ ] infobox $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ ] 7HOHIRQLHUHQ 6LHN|QQHQHLQ*HVSUlFKDXIQHKPHQªPLWVFKQHLGHQ© 'HU0LWVFKQLWWNDQQ GDQQZLHHLQH1DFKULFKWDEJHK|UWRGHUJHO|VFKWZHUGHQ²DXFKEHUGLH)HUQ EHGLHQXQJ'LHVH)XQNWLRQOlWVLFKQXUDP+DQGJHUlWHLQDXVVFKDOWHQ , Q%HWULHEQHKPHQ 6LFKHUKHLWLQEHLGH5LFKWXQJHQ (LQJHEDXWH6LFKHUKHLW :HQQ6LHWHOHIRQLHUHQVLQG)HVWVWDWLRQXQG+DQGJHUlWEHUHLQHQ)XQNNDQDO PLWHLQDQGHULQ9HUELQGXQJ'LH)HVWVWDWLRQYHUPLWWHOWGDEHL]ZLVFKHQGHP7HOH IRQQHW]XQGGHP+DQGJHUlW'DPLWPLWDQGHUHQVFKQXUORVHQ7HOHIRQHQQLH PDQG, KUH*HVSUlFKHPLWK|UHQRGHUDXI, KUH. RVWHQWHOHIRQLHUHQNDQQILQGHW ]ZLVFKHQ)HVWVWDWLRQXQG+DQGJHUlWVWlQGLJHLQ. HQQXQJVDXVWDXVFKVWDWW6WLP PHQGLH. HQQXQJHQQLFKWEHUHLQZLUGGLH9HUELQGXQJJDUQLFKWHUVWDXIJHEDXW 'LH*HUlWHELHWHQGXUFKGLHGLJLWDOHhEHUWUDJXQJ]ZLVFKHQ)HVWVWDWLRQXQG +DQGJHUlWHLQVHKUKRKHV0DDQ$EK|UVLFKHUKHLW 0LWYHUVFKLHGHQHQ6LFKHUKHLWVIXQNWLRQHQN|QQHQ6LHGHQ0LEUDXFK, KUHV +DQGJHUlWVGXUFKDQGHUHYHUKLQGHUQRGHU9RUNHKUXQJHQIU1RWIlOOHWUHIIHQ'LH (LQVWHOOXQJHQ, KUHV7HOHIRQVVFKW]HQ6LHGXUFKHLQH3, 1*HKHLP]DKO 6LFKHUKHLWVYRUNHKUXQJHQJHJHQGHQ0LEUDXFK, KUHV+DQGJHUlWHVGXUFK DQGHUH :HQQ6LHGLH7HOHIRQVSHUUHDNWLYLHUHQN|QQHQQXU$QUXIHHQWJHJHQJHQRPPHQ XQG1RWUXIQXPPHUQRGHUGLH'LUHNWUXIQXPPHUJHZlKOWZHUGHQ 7DVWHQVFKXW] %HLDNWLYLHUWHP7DVWHQVFKXW]VLHKH6HLWH N|QQHQ6LH, KU+DQGJHUlWMHGHU]HLW PLWVLFKWUDJHQRKQHGDVVYHUVHKHQWOLFKHLQH5XIQXPPHUJHZlKOWZHUGHQNDQQ 6LFKHUKHLWVYRUNHKUXQJHQJHJHQGHQ0LEUDXFK, KUHV6\VWHPVGXUFK DQGHUH 6LHN|QQHQ, KU6\VWHPJHJHQGDV:lKOHQEHVWLPPWHURGHUDOOHU5XIQXPPHUQ VSHUUHQPLW$XVQDKPHYRQ1RWUXIQXPPHUQRGHU6LHJHEHQQXUGLH:DKO EHVWLPPWHU5XIQXPPHUQIUHL 9RUDXVVHW]XQJ+DQGJHUlWHXQG6\VWHP3, 1lQGHUQ 3, 1GHV+DQGJHUlWVlQGHUQ , P/LHIHU]XVWDQGLVWGLH+DQGJHUlWH3, 1DXIª©HLQJHVWHOOW 'LH6\VWHP3, 1EHQ|WLJHQ6LHIU6\VWHPHLQVWHOOXQJHQDQGHU)HVWVWDWLRQ]% $QPHOGXQJYRQ+DQGJHUlWHQ6\VWHPVSHUUH7DVFKHQJHOGNRQWR1RWUXIQXP PHUQ 'LH+DQGJHUlWH3, 1EHQ|WLJHQ6LHIU(LQVWHOOXQJHQDQ, KUHP+DQGJHUlW]% 7HOHIRQVSHUUH'LUHNWUXI k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ $OWHYLHUVWHOOLJH+DQGJHUlWH3, 1HLQJHEHQ LP/LHIHU]XVWDQGª© -HGHHLQJHJHEHQH=LIIHUO|VFKWHLQHQ6WULFK 7DVWH2. GUFNHQ 1HXHYLHUVWHOOLJH+DQGJHUlWH3, 1 HLQJHEHQ 1HXH+DQGJHUlWH3, 1HUQHXWHLQJHEHQ 6WLPPWGLH(LQJDEHQLFKWPLWGHUQHXHQ+DQGJHUlWH3, 1EHUHLQHUW|QWGHU)HK OHUWRQ'LHJHVDPWH(LQJDEHSUR]HGXUPXZLHGHUKROWZHUGHQ ( ( B $XIOHJHQ7DVWHGUFNHQ $QKDQJ 7HOHIRQHLQVWHOOHQ 7DVWH2. GUFNHQ 'LHQHXH+DQGJHUlWH3, 1ZLUGJHVSHLFKHUW 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ 'LH3, 1LVWHLQHYLHUVWHOOLJH*HKHLP]DKOXP6\VWHPXQG+DQGJHUlWHYRUXQEH IXJWHP=XJULII]XVFKW]HQ)UGDV6\VWHPXQGIUMHGHV+DQGJHUlWH[LVWLHUHQ XQWHUVFKLHGOLFKH3, 1V , Q%HWULHEQHKPHQ 6\VWHP3, 1lQGHUQ , P/LHIHU]XVWDQGLVWGLH6\VWHP3, 1DXIª©HLQJHVWHOOW k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ $OWHYLHUVWHOOLJH6\VWHP3, 1HLQJHEHQ LP/LHIHU]XVWDQGª© -HGHHLQJHJHEHQH=LIIHUO|VFKWHLQHQ6WULFK 7DVWH2. GUFNHQ 1HXHYLHUVWHOOLJH6\VWHP3, 1 HLQJHEHQ 1HXH6\VWHP3, 1HUQHXWHLQJHEHQ 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ ( ( B infobox +DEHQ6LHGLH3, 1YHUJHVVHQZHQGHQ6LHVLFKELWWHDQGHQ6HUYLFHGHU'HXW VFKHQ7HOHNRP %HLIHKOHUKDIWHU(LQJDEHGHU3, 1HUW|QWGHU)HKOHUWRQXQGGLHJHVDPWH(LQJD EHSUR]HGXUPXZLHGHUKROWZHUGHQ 7HOHIRQVSHUUH'LUHNWUXI %HLJHVSHUUWHP+DQGJHUlW s N|QQHQ$QUXIHDQJHQRPPHQZHUGHQ s N|QQHQGLHJHVSHLFKHUWHQ1RWUXIQXPPHUQVLHKH6HLWH JHZlKOWZHUGHQ s NDQQGLH71HW)XQNWLRQª9HUELQGXQJRKQH:DKO©VLHKH6HLWH DXVJHIKUWZHUGHQ s HUVFKHLQWGDV6\PERO£ LP'LVSOD\ , P/LHIHU]XVWDQGLVWGLH7HOHIRQVSHUUHDXVJHVFKDOWHW 7HOHIRQVSHUUHHLQDXVVFKDOWHQ ( 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ +DQGJHUlWH3, 1HLQJHEHQ LP/LHIHU]XVWDQGª© -HGHHLQJHJHEHQH=LIIHUO|VFKWHLQHQ6WULFK 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW 6SHUUHHLQ 7DVWHGUFNHQ 6SHUUHDXV 7DVWHGUFNHQ 7DVWH2. GUFNHQ 5XKHGLVSOD\EHLJHVSHUUW RGHU $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU k 3URJUDPP7DVWHGUFNHQ (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ 'LUHNWUXIQXPPHUHLQJHEHQXQGHLQVFKDOWHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ +DQGJHUlWH3, 1HLQJHEHQ LP/LHIHU]XVWDQGª© -HGHHLQJHJHEHQH=LIIHUO|VFKWHLQHQ6WULFK 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW 'LUHNWUXIHLQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ /HHURGHUELVKHULJH1XPPHUZLUGDQJH]HLJW 'LUHNWUXIQXPPHUHLQJHEHQ 7DVWH2. GUFNHQ 'LUHNWUXIQXPPHULVWJHVSHLFKHUWXQG+DQGJHUlWJHVSHUUW 5XKHGLVSOD\EHLJHVSHUUWPLW'LUHNWUXIQXPPHU ( :LUGNHLQH'LUHNWUXIQXPPHUHLQJHJHEHQLVWGDV+DQGJHUlWJHVSHUUWVLHKH YRUKHULJH6HLWH infobox 'LHLQGHU3UR]HGXUDQJH]HLJWH'LUHNWUXIQXPPHUNDQQPLWGHU|7DVWHJH O|VFKWZHUGHQ $XVVFKDOWHQZLH´7HOHIRQVSHUUHDXVVFKDOWHQµVLHKHYRUKHULJH6HLWH 'LH:DKOGHU'LUHNWUXIQXPPHUHUIROJWGXUFK%HWlWLJXQJHLQHUEHOLHELJHQ7DVWH GHV+DQGJHUlWHV 7DVFKHQJHOGNRQWR %HWUDJIU. RQWRHLQJHEHQ ( 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQ 7DVWH2. GUFNHQ , QWHUQQXPPHUQDOOHUDQJHPHOGHWHQ +DQGJHUlWHZHUGHQDQJH]HLJW , QWHUQQXPPHUGHVJHZQVFKWHQ+DQGJHUlWHV HLQJHEHQ]% $NWXHOOHU. RQWRVWDQGLQ'0 ZLUGDQJH]HLJW %HWUDJHLQJHEHQ (LQJDEHQZHUGHQYRQUHFKWVQDFKOLQNVLQV 'LVSOD\JHVFKREHQ 7DVWH2. GUFNHQ 'HU%HWUDJZLUGJHVSHLFKHUW $XIOHJHQ7DVWHGUFNHQ ( ( B )UGLH(LQJDEHYRQ(LQKHLWHQGDUINHLQ. RVWHQIDNWRUHLQJHJHEHQVHLQ )UGLH(LQJDEHYRQ'0%HWUDJPXHLQ. RVWHQIDNWRUHLQJHJHEHQVHLQ 'HU%HWUDJNDQQELV]XHLQHU+|KHYRQ(LQKHLWHQRGHU'0HLQ JHJHEHQZHUGHQ (UVWH=LIIHUEHL1HXHLQJDEHO|VFKWGHQELVKHULJHQ(LQWUDJ . RQWUROOLHUHQHUIROJWQDFKGHUJOHLFKHQ3UR]HGXUQXURKQH%HWUDJV(LQJDEH infobox $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ k 3URJUDPP7DVWHGUFNHQ 7HOHIRQLHUHQ 6LHN|QQHQMHGHP+DQGJHUlWHLQ. RQWRLQ(LQKHLWHQRGHU'0%HWUDJ HLQJHEHQ QDFKGHUHQ$XIEUDXFKGDV+DQGJHUlWIUH[WHUQH*HVSUlFKHJHVSHUUWZLUG 'LHVH6SHUUHZLUGQXUEHLhEHUPLWWOXQJGHU(LQKHLWHQLPSXOVHZLUNVDP , Q%HWULHEQHKPHQ 7DVFKHQJHOGNRQWRHLQDXVVFKDOWHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQ 7DVWH2. GUFNHQ , QWHUQQXPPHUQDOOHUDQJHPHOGHWHQ +DQGJHUlWHZHUGHQDQJH]HLJW , QWHUQQXPPHUGHVJHZQVFKWHQ+DQGJHUlWHVHLQJHEHQ $NWXHOOH(LQVWHOOXQJ KDOE (, 1 YROODPWVEHUHFKWLJW ZLUGDQJH]HLJW (LQVFKDOWHQ 7DVWHGUFNHQ $XVVFKDOWHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ 7DVFKHQJHOGNRQWRLVWHLQRGHUDXVJHVFKDOWHW ( RGHU 6\VWHPVSHUUHPLW6SHUU)UHLJDEHRGHU1RWUXIQXPPHUQ 0LWGLHVHU)XQNWLRQN|QQHQ6LH s 'DV6\VWHPIUH[WHUQH*HVSUlFKHVSHUUHQDOOH+DQGJHUlWHVLQG s 'DV6\VWHPIUELV]X6SHUUQXPPHUQ6WHOOHHLQHU5XIQXPPHU s 'DV6\VWHPQXUIU)UHLJDEHQXPPHUQ6WHOOHHLQHU5XIQXPPHU 5XIQXPPHUQNUHLVH IUHLJHEHQ(VLVWQXUGLH:DKOYRQ5XIQXPPHUQ P|JOLFKGLHPLWGHUJOHLFKHQ=LIIHUQNRPELQDWLRQHQEHJLQQHQ )UHLJDEHQXPPHUQJJIXPGLH9RUZDKO]LIIHUQHUJlQ]WZHUGHQ 6SHUU)UHLJDEHQXPPHUQHLQJHEHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQ 7DVWH2. GUFNHQ 6SHUU)UHLJDEHQXPPHURGHUOHHU_ ZLUG DQJH]HLJW 7DVWH2. GUFNHQ 6SHUU)UHLJDEHQXPPHUHLQJHEHQ . RVWHQ ( $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH 6LFKHUKHLW s %HL%HWULHEDQ7HOHIRQDQODJHQVLHKH6HLWH PVVHQGLH6SHUU $QUXIEHDQWZRUWHU 5XIQXPPHUQNUHLVH VSHUUHQ'LH:DKOHLQHU5XIQXPPHUGLHPLWGHU JOHLFKHQ=LIIHUQNRPELQDWLRQHQEHJLQQWLVWGDQQYRQDOOHQ+DQGJHUlWHQ QLFKWPHKUP|JOLFK6RN|QQHQ6LH]%HLQH$XVODQGV E]Z 1XPPHUQNUHLV6SHUUH UHDOLVLHUHQ (UUHLFKEDUEOHLEHQ KDOEDPWVEHUHFKWLJWJHVFKDOWHQ XQGIULQGLYLGXHOOH1RWUXIQXPPHUQ IUHLJHEHQ 6LHN|QQHQELV]X1RWUXIQXPPHUQVWHOOLJ HLQJHEHQGLHDXFKGDQQ JHZlKOWZHUGHQN|QQHQHJDOZHOFKH6SHUUHHLQJHVFKDOWHWLVWRGHU, KU +DQGJHUlWEHUNHLQHH[WHUQH$PWVEHUHFKWLJXQJVLHKH6HLWH YHUIJW , P/LHIHU]XVWDQGVLQGEHUHLWVGLH1RWUXIQXPPHUª©XQGª©IHVW HLQJHWUDJHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ RGHUk ( 7DVWH2. GUFNHQ 6SHUU)UHLJDEHQXPPHULVWJHVSHLFKHUW 7DVWH2. GUFNHQ 0LWGHQ7DVWHQRGHU GXUFKEOlWWHUQ 7DVWH2. GUFNHQ 6SHUU)UHLJDEHQXPPHUHLQJHEHQ 7DVWH2. GUFNHQ 6SHUU)UHLJDEHQXPPHULVWJHVSHLFKHUW XVZ infobox 0LWGHU7DVWH|N|QQHQGLH6SHUU)UHLJDEHQXPPHUQHLQ]HOQJHO|VFKWZHU GHQRGHUEHLGHU(LQJDEHNRUULJLHUWZHUGHQ 1RWUXIQXPPHUQHLQJHEHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQ 7DVWH2. GUFNHQ 1RWUXIQXPPHURGHUOHHU_ ZLUGDQJH]HLJW 7DVWH2. GUFNHQ 1RWUXIQXPPHUHLQJHEHQ ( RGHUk ( 7DVWH2. GUFNHQ 1RWUXIQXPPHULVWJHVSHLFKHUW 7DVWH2. GUFNHQ 1RWUXIQXPPHUZLUGDQJH]HLJW 0LWGHQ7DVWHQRGHU GXUFKEOlWWHUQ 1RWUXIQXPPHUHLQJHEHQ 7DVWH2. GUFNHQ 1RWUXIQXPPHULVWJHVSHLFKHUW XVZ 6\VWHPVSHUUHHLQDXVVFKDOWHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJ 6\VWHPVSHUUH$86 6SHUUQXPPHUQDNWLY 6\VWHP VSHUUH(, 1 )UHLJDEHQXPPHUQDNWLY ZLUGDQJH]HLJW 6SHUUQXPPHUQDNWLY 1XU6SHUUQXPPHUQJHVSHUUW 7DVWHGUFNHQ (LQVFKDOWHQ$OOH([WHUQJHVSUlFKHJHVSHUUW HLQJHJHEHQH1RWUXIQXPPHUQ VLQGIUHLJHEHQ 7DVWHGUFNHQ )UHLJDEHQXPPHUQDNWLY1XU:DKOGHU)UHLJDEHQXPPHUQP|JOLFK 7DVWHGUFNHQ RGHU RGHU RGHU $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ $XVVFKDOWHQ6\VWHPVSHUUHQDXVJHVFKDOWHW 7DVWHGUFNHQ 7DVWH2. GUFNHQ infobox 0LWGHQ7DVWHQkRGHU N|QQHQGLH6SHUUHLQVWHOOXQJHQGXUFKJH EOlWWHUWZHUGHQ 1RWUXIQXPPHUQZlKOHQ *HVSHLFKHUWH1RWUXIQXPPHUQN|QQHQ6LHDXFKZlKOHQZHQQ6SHUUHQHLQJH VWHOOWVLQGVLHKH6HLWH RGHUZHQQQXUEHVWLPPWH$QUXIH]XJHODVVHQVLQG VLHKH6HLWH %HL6\VWHPVSHUUHQ ( 1RWUXIQXPPHUHLQJHEHQ $EQHKPHQ7DVWHGUFNHQ D %HL7HOHIRQVSHUUH D ( $EQHKPHQ7DVWHGUFNHQ 1RWUXIQXPPHUHLQJHEHQ infobox %HL6SHUUHPLW'LUHNWUXILVWGLH$XVZDKOYRQ1RWUXIQXPPHUQQLFKWP|JOLFK 9HUELQGXQJRKQH:DKO 9HUELQGXQJRKQH:DKOHLQVFKDOWHQ D $EQHKPHQ7DVWHGUFNHQ (LQVFKDOWHQ 7DVWHQQDFKHLQDQGHUGUFNHQ =LHOUXIQXPPHUHLQJHEHQ 5DXWH7DVWHGUFNHQ 6LHK|UHQGLH$QVDJH´'DV'LHQVWPHUNPDODNWLYLHUWµ $XIOHJHQ7DVWHGUFNHQ 9HUELQGXQJRKQH:DKOQXW]HQ ( B D 6WDWXVGHU9HUELQGXQJRKQH:DKODEIUDJHQ 7HOHIRQDQODJH D $EQHKPHQ7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 6LHK|UHQGLH$QVDJH´'DV'LHQVWPHUNPDODNWLYLHUWµRGHU ´'LHQVWRGHU'LHQVWHPHUNPDOQLFKWP|JOLFKµ 9HUELQGXQJRKQH:DKODXVVFKDOWHQ D $EQHKPHQ7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 6LHK|UHQGLH$QVDJH´'DV'LHQVWPHUNPDOGHDNWLYLHUWµ $QKDQJ 7HOHIRQHLQVWHOOHQ . RVWHQ $EQHKPHQ7DVWHGUFNHQ 1DFKIQI6HNXQGHQZLUGGLHJHVSHLFKHUWH=LHOUXIQXPPHUJHZlKOW :lKUHQGGLHVHU=HLWGDUINHLQHZHLWHUH7DVWHJHGUFNWZHUGHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 'LHVH71HW)XQNWLRQPXEHLGHU7HOHNRPEHDXIWUDJWVHLQ 6REDOG6LHGHQ+|UHUDEQHKPHQXQGQLFKWLQQHUKDOEYRQIQI6HNXQGHQHLQH 5XIQXPPHUZlKOHQVWHOOWGLHª9HUELQGXQJRKQH:DKO©DXWRPDWLVFKGLH9HUELQ GXQJ]XGHUYRQ, KQHQJHVSHLFKHUWHQ=LHOUXIQXPPHUKHU 0LWGLHVHU)XQNWLRQN|QQHQLQVEHVRQGHUH. LQGHUGLHQRFKQLFKWPLWGHP7HOH IRQXPJHKHQN|QQHQMHGHU]HLW]%LKUH(OWHUQGXUFK'UFNHQGHU$EQHKPHQ 7DVWHDQUXIHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ . RVWHQNRQWUROOLHUHQ *HVSUlFKVNRVWHQDQ]HLJH*HOGEHWUDJRGHU(LQKHLWHQ )UHLQHEHVVHUH. RQWUROOHEHUGLH7HOHIRQNRVWHQNDQQ, KU7HOHIRQGLHODXIHQ GHQ*HVSUlFKVNRVWHQLQYHUVFKLHGHQHQ)RUPHQDQ]HLJHQ'DPLWKDEHQ6LHEH UHLWVZlKUHQGHLQHV*HVSUlFKVGLH0|JOLFKNHLWNRVWHQEHZXW]XWHOHIRQLHUHQ )UGLH$Q]HLJHDOV*HOGEHWUDJPVVHQ6LHGLH. RVWHQIUHLQH(LQKHLWIHVWOHJHQ $OWHUQDWLYN|QQHQ6LHVLFKDXFKIUGLH$Q]HLJHLQ(LQKHLWHQDQVWHOOHYRQ*HOGEH WUlJHQHQWVFKHLGHQ 'LHVH0|JOLFKNHLWHQN|QQHQ6LHQXUQXW]HQZHQQEHLGHU'HXWVFKHQ7HOHNRP GLH(LQKHLWHQLPSXOVHIU, KUHQ$QVFKOXDNWLYLHUWVLQG$XVNXQIWGDUEHUHUKDOWHQ 6LH]XP1XOOWDULIXQWHUGHU5XIQXPPHU %LWWHEHDFKWHQ6LHGDVVDXVWHFKQLVFKHQ*UQGHQGLH9HUELQGXQJVDQJDEHQDXI GHU5HFKQXQJGHU'HXWVFKHQ7HOHNRP$*YRQGHQ:HUWHQ, KUHU*HVSUlFKVNR VWHQDQJDEHDEZHLFKHQN|QQHQ9HUELQGOLFKLVWLPPHUGHU(LQKHLWHQ]lKOHULQGHU 9HUPLWWOXQJVVWHOOHGHU'HXWVFKHQ7HOHNRP 'DXHU. RVWHQ$Q]HLJHZlKUHQGGHV*HVSUlFKV $P+DQGJHUlWZHUGHQZlKUHQGHLQHV*HVSUlFKVDQJH]HLJW s GLH*HVSUlFKVGDXHULQ0LQXWHQ6HNXQGHQ ZHQQNHLQ(LQKHLWHQLPSXOVDNWLYLHUWLVW RGHUELV]XP(LQWUHIIHQGHVHUVWHQ, PSXOVHV *HVSUlFK QDFK(LQWUHIIHQGHVHUVWHQ, PSXOVHV RGHU s GLH(LQKHLWHQ6XPPHXQGODXIHQGHV s GHU*HOGEHWUDJ 'LH8PVFKDOWXQJYRQ'DXHUDXI. RVWHQDQ]HLJHHUIROJWDXWRPDWLVFKQDFK(LQ WUHIIHQGHVHUVWHQ(LQKHLWHQLPSXOVHV . RVWHQSUR(LQKHLWIHVWOHJHQ )UGLH$Q]HLJHDOV*HOGEHWUDJPVVHQ6LHGLH. RVWHQSUR(LQKHLW. RVWHQIDNWRU IHVWOHJHQ k ( :LUGGLH$Q]HLJHYRQ(LQKHLWHQDXI*HOGEHWUDJRGHUZHUGHQGLH. RVWHQSUR (LQKHLWJHlQGHUWZHUGHQDOOH(LQ]HONRQWHQXQGGDV6XPPHQNRQWR]XUFNJH VHW]W . RVWHQSUR(LQKHLWHLQJHEHQlQGHUQ 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© ( . RVWHQSUR(LQKHLWHLQJHEHQ (LQWUDJLP'LVSOD\HUIROJWYRQUHFKWVQDFKOLQNV 7DVWH2. GUFNHQ . RVWHQSURHLQKHLWVLQGJHVSHLFKHUW $XIOHJHQ7DVWHGUFNHQ B 0LWGHU/|VFKWDVWH|RGHUGXUFK(LQJDEHYRQ´µN|QQHQGLH. RVWHQSUR(LQ KHLWJHO|VFKWZHUGHQGDQQZHUGHQZLHGHU(LQKHLWHQDQJH]HLJW infobox 0LW7DVWH NDQQZlKUHQGGHU(LQJDEHGHU'H]LPDOSXQNWHLQDXVJHVFKDOWHW ZHUGHQ 'LH. RVWHQSUR(LQKHLWVLQGIUDOOHDQJHPHOGHWHQ+DQGJHUlWHJOWLJ . RQWUROOLHUHQHUIROJWRKQH(LQJDEHGHU. RVWHQSUR(LQKHLW $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 7DVWH2. GUFNHQ %LVKHULJH. RVWHQSUR(LQKHLWZHUGHQDQJH]HLJW 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ 6LHN|QQHQVLFKGLH*HVSUlFKVNRVWHQGHU(LQ]HONRQWHQMH+DQGJHUlW RGHUGHV 6XPPHQNRQWRVGHV$QVFKOXVVHV HQWZHGHUDOV(LQKHLWHQRGHUDOV*HOGEHWUDJ DQ]HLJHQODVVHQ , Q%HWULHEQHKPHQ 6XPPHQNRQWRSUR*HUlWXQG$QVFKOXYHUZDOWHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ 6RQGHU]HLFKHQIU XQG, QWHUQ1UGHU DQJHPHOGHWHQ+DQGJHUlWHZHUGHQDQJH]HLJW , QWHUQ1UGHVJHZQVFKWHQ*HUlWHVHLQJHEHQ 6XPPH*HUlWXQG6XPPHOHW]WHV*HVSUlFK ZLUGDQJH]HLJW]%LQ(LQKHLWHQ 6LHN|QQHQGLH*HVDPWNRVWHQSUR*HUlWXQG, KUHV7HOHIRQDQVFKOXVVHVDEIUDJHQ XQGGLH. RQWHQDXI1XOO]XUFNVHW]HQ ( RGHU 6WHUQ7DVWHGUFNHQ *HVDPWVXPPH$QVFKOXZLUGDQJH]HLJW ]%LQ'0%HWUDJ . RQWUROOHEHHQGHQ 7DVWH2. GUFNHQ RGHU | B /|VFKHQDXI1XOOVHW]HQ /|VFKWDVWHGUFNHQ 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ $OOH. RVWHQO|VFKHQ 0LWGLHVHU3UR]HGXUN|QQHQ6LHDOOH. RVWHQHLQWUlJHO|VFKHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ $OOH. RVWHQHLQWUlJHVLQGJHO|VFKW $XIOHJHQ7DVWHGUFNHQ B $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ =XVDPPHQPLWHLQHU7HOHIRQDQODJH 9RUZDKO]LIIHU$. =RGHU+$. = HLQWUDJHQ $. =RGHU+$. =ZHUGHQJOHLFKEHKDQGHOW , VW, KUH)HVWVWDWLRQDQHLQHU7HOHIRQDQODJHDQJHVFKORVVHQPVVHQ6LHIUH[WHU QH$QUXIHEHLGHUHUVWHQ, QEHWULHEQDKPHHLQH$. =$PWVNHQQ]LIIHU HLQJHEHQ XQGHLQHª$XWRPDWLVFKH:DKOSDXVH©QDFK:DKOGHU$. =RGHU%HWlWLJXQJGHU 57DVWH IHVWOHJHQ , VW, KUH)HVWVWDWLRQDQHLQHU7HOHIRQDQODJHDQJHVFKORVVHQGLHZLHGHUXPPLWHL QHUJU|HUHQ7HOHIRQDQODJHYHUEXQGHQLVWPVVHQ6LHEHLGHUHUVWHQ, QEHWULHE QDKPHHLQH+$. =+DXSWDQODJHQNHQQ]LIIHU HLQJHEHQ $EKlQJLJYRQ, KUHU7HOHIRQDQODJHNDQQHLQH. HQQ]LIIHUHLQELVGUHLVWHOOLJ HLQ JHEHQZHUGHQ%HDFKWHQ6LHKLHU]XELWWHDXFKGLH%HGLHQXQJVKLQZHLVH, KUHU7H OHIRQDQODJH :DKOSDXVHQDFK9RUZDKO]LIIHUQHLQVWHOOHQ 6LHN|QQHQGLH:DKOSDXVHQDFK(LQJDEHGHU9RUZDKO]LIIHUDXI6H NXQGHQMHQDFK$QODJHQW\S HLQVWHOOHQ%HDFKWHQ6LHKLHU]XELWWHDXFKGLH%H GLHQXQJVKLQZHLVH, KUHU7HOHIRQDQODJH, P/LHIHU]XVWDQGLVW6HNXQGHQHLQJH VWHOOW k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ %LVKHULJHU(LQVWHOOXQJ]% ZLUGDQJH]HLJW 3DXVHQOlQJH6HNXQGH 7DVWHGUFNHQ 3DXVHQOlQJH6HNXQGHQ 7DVWHGUFNHQ RGHU RGHU RGHU 3DXVHQOlQJH6HNXQGHQ 7DVWHGUFNHQ 3DXVHQOlQJH6HNXQGHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ 'LHHLQJHVWHOOWH3DXVHZLUGJHVSHLFKHUW 9RUZDKO]LIIHUHLQJHEHQ ( 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ %LVKHULJH. HQQ]LIIHURGHUOHHU´^´ZLUG DQJH]HLJW . HQQ]LIIHUHLQJHEHQ]% 7DVWH2. GUFNHQ . HQQ]LIIHULVWJHVSHLFKHUW ( , VWVFKRQHLQH9RUZDKO]LIIHUEHOHJWNDQQGLHVHGXUFKhEHUVFKUHLEHQJHlQGHUW ZHUGHQ /|VFKHQN|QQHQ6LHPLWGHU/|VFKWDVWH| infobox . RQWUROOLHUHQHUIROJWRKQH(LQJDEHHLQHU. HQQ]LIIHU 'LHHLQJHJHEHQH9RUZDKO]LIIHUZLUGDXWRPDWLVFKEHL5FNUXIDXVGHU$QUXIHU OLVWHXQGDXVGHU$QUXIEHDQWZRUWHU1DFKULFKWHQ/LVWHGHQ=LIIHUQ=HLFKHQYRU DQJHVWHOOW $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU k 3URJUDPP7DVWHGUFNHQ (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ :DKOSDXVHIU57DVWHHLQVWHOOHQ 6LHN|QQHQGLH:DKOSDXVHQDFK(LQJDEHGHU57DVWHDXINHLQH 6HNXQGHQMHQDFK$QODJHQW\S HLQVWHOOHQ%HDFKWHQ6LHKLHU]XELWWHDXFKGLH %HGLHQXQJVKLQZHLVH, KUHU7HOHIRQDQODJH, P/LHIHU]XVWDQGLVW6HNXQGHQ HLQJHVWHOOW k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJ]% ZLUGDQJH]HLJW . HLQH3DXVH 7DVWHGUFNHQ 3DXVHQOlQJH6HNXQGHQ 7DVWHGUFNHQ 3DXVHQOlQJH6HNXQGHQ 7DVWHGUFNHQ 3DXVHQOlQJH6HNXQGHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ 'LHHLQJHVWHOOWH3DXVHZLUGJHVSHLFKHUW $XIOHJHQ7DVWHGUFNHQ RGHU RGHU RGHU B :DKOYHUIDKUHQHLQVWHOOHQ 7HOHIRQDQODJHQN|QQHQPLW]ZHLXQWHUVFKLHGOLFKHQ:DKOYHUIDKUHQEHWULHEHQ ZHUGHQ s 7RQZDKO0HKUIUHTXHQ]ZDKOYHUIDKUHQ 0)9 s 3XOVZDKO, PSXOVZDKOYHUIDKUHQ , :9 ( 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJ]% ZLUGDQJH]HLJW RGHU RGHU B , PSXOVZDKOYHUIDKUHQ, :9 7DVWHGUFNHQ 7DVWH2. GUFNHQ 'DV:DKOYHUIDKUHQLVWHLQJHVWHOOW $XIOHJHQ7DVWHGUFNHQ $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH 7RQZDKO)ODVK6HNXQGHQYHUlQGHUEDU 7DVWHGUFNHQ . RVWHQ 7RQZDKO)ODVK6HNXQGHQIHVW 7DVWHGUFNHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU k 3URJUDPP7DVWHGUFNHQ (UUHLFKEDUEOHLEHQ , KU7HOHIRQLVWLP/LHIHU]XVWDQGDXI7RQZDKO0)9 )ODVK6HNXQGHQHLQJH VWHOOW3UIHQ6LHGHVKDOERE, KUH7HOHIRQDQODJHPLW7RQZDKOIXQNWLRQLHUW'UN NHQ6LHGLH$EKHEHQ7DVWHXQGZlKOHQ6LHHLQHEHOLHELJH=LIIHU]%]ZHL , VWDQ VFKOLHHQGQRFKGHUJOHLFKH:lKOWRQ]XK|UHQPVVHQ6LHGDV:DKOYHUIDKUHQ XPVWHOOHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ )ODVK]HLWHLQVWHOOHQ %HDFKWHQ6LHGLH%HGLHQXQJVDQOHLWXQJ, KUHU7HOHIRQDQODJH , P/LHIHU]XVWDQGLVWGLH)ODVK]HLW6HNXQGHQYRUHLQJHVWHOOW %HYRU6LHGLH)ODVK]HLWHLQVWHOOHQPVVHQ6LHGDV:DKOYHUIDKUHQDXI7RQZDKO )ODVK6HNXQGHQYHUlQGHUEDU HLQJHVWHOOWKDEHQVLHKHYRUKHULJH6HLWH k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª©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|QQHQLP5XKH]XVWDQGGHV+DQGJHUlWVIROJHQGH(LQVWHOOXQJHQYRUQHK PHQlQGHUQ s $XWRPDWLVFKH5XIDQQDKPHHLQDXVVFKDOWHQVLHKH6HLWH s +|UHU/DXWVWlUNHHLQVWHOOHQVLHKH6HLWH s 5XIWRQ/DXWVWlUNHHLQVWHOOHQVLHKH6HLWH s 5XIWRQ0HORGLHIHVWOHJHQVLHKH6HLWH s :DUWHPHORGLHHLQDXVVFKDOWHQVLHKH6HLWH s +LQZHLVW|QHHLQRGHUDXVVFKDOWHQVLHKH6HLWH s 7DVWHQNOLFN)HVWVWDWLRQHLQDXVVFKDOWHQVLHKH6HLWH s $Q]HLJHGHU6WDWLRQV1UHLQDXVVFKDOWHQVLHKH6HLWH s $QUXIHUOLVWHXPVWHOOHQVLHKH6HLWH s $QUXIHUOLVWHO|VFKHQVLHKH6HLWH s . RVWHQDQ]HLJHQDFK%HOHJHQHLQDXVVFKDOWHQVLHKH6HLWH s $QNORSIHQHUODXEHQVSHUUHQVLHKH6HLWH s 5XI]XRUGQXQJVLHKH6HLWH s +DQGJHUlWHDQXQGDEPHOGHQVLHKH6HLWH s 6WDWLRQVDXVZDKO:HFKVHOQ]XHLQHUDQGHUHQ6WDWLRQVLHKH6HLWH s +DQGJHUlWH%HUHFKWLJXQJIHVWOHJHQVLHKH6HLWH s *H]LHOWH:DKOHLQHU, QWHUQ1UYRQ([WHUQ'XUFKZDKO VLHKH6HLWH s )D[ZHLFKH*HUlWHDQVFKOXIU67$HLQVWHOOHQVLHKH6HLWH s /LHIHU]XVWDQGZLHGHUKHUVWHOOHQVLHKH6HLWH $XWRP5XIDQQDKPHHLQDXVVFKDOWHQ , P/LHIHU]XVWDQGLVWGLHDXWRPDWLVFKH5XIDQQDKPH´(, 1µ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW $XVVFKDOWHQ 7DVWHGUFNHQ (LQVFKDOWHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ RGHU B , P/LHIHU]XVWDQGLVWGLH6WXIHHLQJHVWHOOW k 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH +|UHU/DXWVWlUNHHLQVWHOOHQ 6LHN|QQHQGLH*UXQGHLQVWHOOXQJGHU+|UHU/DXWVWlUNHLP5XKH]XVWDQGLQGUHL 6WXIHQHLQVWHOOHQXQGVSHLFKHUQ . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ k 3URJUDPP7DVWHGUFNHQ 7HOHIRQLHUHQ 6LHN|QQHQ, KU+DQGJHUlWVRHLQVWHOOHQGDVVGLH*HVSUlFKVDQQDKPHGXUFK+HU DXVQDKPHDXVGHU)HVW/DGHVWDWLRQDXWRPDWLVFK (, 1 RGHUQXUGXUFK%HWlWL JXQJGHU$EQHKPHQ7DVWH $86ZLHEHL*HVSUlFKVDQQDKPHZHQQ+DQGJH UlWDXHUKDOEGHU)HVW/DGHVWDWLRQOLHJW HUIROJW , Q%HWULHEQHKPHQ RGHU 6WXIH 7DVWHGUFNHQ 6WXIH 7DVWHGUFNHQ 6WXIH 7DVWHGUFNHQ 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ RGHU B infobox 6LHN|QQHQGLH+|UHU/DXWVWlUNHDXFKZlKUHQGHLQHV*HVSUlFKVYHUlQGHUQ VLHKH6HLWH 5XIWRQ/DXWVWlUNHHLQVWHOOHQ DQ 5XIWRQ/DXWVWlUNHDP+DQGJHUlWHLQVWHOOHQ , P/LHIHU]XVWDQGLVWDP+DQGJHUlWGLH6WXIHª©HLQJHVWHOOW $XVQXU)HVWVWDWLRQ /HLVHVWH6WXIH /DXWHVWH6WXIH ª&UHVFHQGR©GK5XIWRQEHJLQQWEHL6WXIHª©XQGVFKZLOOWELV]X6WXIHª© 7DVWHGUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW 6LHK|UHQGHQ5XIWRQLQGHUHLQJHVWHOOWHQ/DXWVWlUNH *HZQVFKWH/DXWVWlUNH6WXIHELV HLQJHEHQ 6LHK|UHQGHQ5XIWRQLQGHUHLQJHVWHOOWHQ/DXWVWlUNH 7DVWH2. GUFNHQ 'LHHLQJHVWHOOWH5XIWRQ/DXWVWlUNHZLUGJHVSHLFKHUW 5XIWRQ/DXWVWlUNHDQGHU)HVWVWDWLRQHLQVWHOOHQ ( k 3URJUDPP7DVWHGUFNHQ 7HOHIRQDQODJH 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW 6LHK|UHQGHQ5XIWRQLQGHUHLQJHVWHOOWHQ/DXWVWlUNH *HZQVFKWH/DXWVWlUNH6WXIHELV HLQJHEHQ 6LHK|UHQGHQ5XIWRQLQGHUHLQJHVWHOOWHQ/DXWVWlUNH 7DVWH2. GUFNHQ 'LHHLQJHVWHOOWH5XIWRQ/DXWVWlUNHZLUGJHVSHLFKHUW ( $QKDQJ 7HOHIRQHLQVWHOOHQ . RVWHQ , P/LHIHU]XVWDQGLVWDQGHU)HVWVWDWLRQGLH6WXIHª©HLQJHVWHOOW 6LFKHUKHLW $QUXIEHDQWZRUWHU k 3URJUDPP7DVWHGUFNHQ (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ 6LHN|QQHQGLH/DXWVWlUNHGHV5XIWRQVDP+DQGJHUlWXQGDQGHU)HVWVWDWLRQLQ VHFKV6WXIHQHLQVWHOOHQGHQ5XIWRQDQGHU)HVWVWDWLRQDXVVFKDOWHQ , Q%HWULHEQHKPHQ 5XIWRQ0HORGLHIHVWOHJHQ 6LHN|QQHQIUGHQ5XIWRQ]HKQYHUVFKLHGHQH0HORGLHQHLQVWHOOHQ , P/LHIHU]XVWDQGLVWGLH0HORGLHª©HLQJHVWHOOW 5XIWRQ0HORGLHDP+DQGJHUlWHLQVWHOOHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHGUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW 6LHK|UHQGHQ5XIWRQLQGHUHLQJHVWHOOWHQ0HORGLH *HZQVFKWH0HORGLHELV HLQJHEHQ 6LHK|UHQGHQ5XIWRQLQGHUHLQJHVWHOOWHQ0HORGLH 7DVWH2. GUFNHQ 'LHHLQJHVWHOOWH5XIWRQ0HORGLHZLUGJHVSHLFKHUW 5XIWRQ0HORGLHDQGHU)HVWVWDWLRQHLQVWHOOHQ k 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW 6LHK|UHQGHQ5XIWRQLQGHUHLQJHVWHOOWHQ0HORGLH *HZQVFKWH0HORGLHELV HLQJHEHQ 6LHK|UHQGHQ5XIWRQLQGHUHLQJHVWHOOWHQ0HORGLH 7DVWH2. GUFNHQ 'LHHLQJHVWHOOWH5XIWRQ0HORGLHZLUGJHVSHLFKHUW $XIOHJHQ7DVWHGUFNHQ ( B :DUWHPHORGLHHLQDXVVFKDOWHQ , P/LHIHU]XVWDQGLVWGLH:DUWHPHORGLHHLQJHVFKDOWHW ( 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW (, 1 $86 $XVVFKDOWHQ 7DVWHGUFNHQ (LQVFKDOWHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ (LQVWHOOXQJZLUGJHVSHLFKHUW $XIOHJHQ7DVWHGUFNHQ RGHU B $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ k 3URJUDPP7DVWHGUFNHQ 7HOHIRQLHUHQ :HQQ6LHHLQLQWHUQHV*HVSUlFKIKUHQXQGHLQH[WHUQHV*HVSUlFKªKDOWHQ©K|UW GHUH[WHUQH*HVSUlFKVWHLOQHKPHUHLQH0HORGLHGLHLKPVLJQDOLVLHUWGDVVGLH 9HUELQGXQJQRFKEHVWHKW , Q%HWULHEQHKPHQ +LQZHLVW|QH+DQGJHUlWHLQDXVVFKDOWHQ 'LH+LQZHLVW|QHPDFKHQ6LHGDUDXIDXIPHUNVDPGDVV ² GLH. DSD]LWlWGHV$NNXVQLFKWPHKUDXVUHLFKHQGLVWª$NNXZDUQXQJ© ² GLH(LQJDEHQHUIROJUHLFKRGHUQLFKWHUODXEWZDUHQª4XLWWXQJVW|QH© ² 6LHHLQH7DVWHEHWlWLJWKDEHQª7DVWHQNOLFN© 'LHVH+LQZHLVW|QHN|QQHQ6LHHLQRGHUDXVVFKDOWHQ, P/LHIHU]XVWDQGVLQGDOOH 7|QHHLQJHVFKDOWHW 7DVWHQNOLFNHLQDXVVFKDOWHQ k 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW (, 1 $86 $XVVFKDOWHQ 7DVWHGUFNHQ (LQVFKDOWHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ (LQVWHOOXQJZLUGJHVSHLFKHUW $XIOHJHQ7DVWHGUFNHQ RGHU B 4XLWWXQJVW|QHHLQDXVVFKDOWHQ 4XLWWXQJVXQG)HKOHUWRQN|QQHQQXUJHPHLQVDPDXVHLQJHVFKDOWHWZHUGHQ k 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW (, 1 $86 RGHU $XVVFKDOWHQ 7DVWHGUFNHQ (LQVFKDOWHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ (LQVWHOOXQJZLUGJHVSHLFKHUW $XIOHJHQ7DVWHGUFNHQ B $NNXZDUQWRQHLQDXVVFKDOWHQ k 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW (, 1 $86 (LQQXULP*H VSUlFKV]XVWDQG $XVVFKDOWHQ 7DVWHGUFNHQ (LQVFKDOWHQ 7DVWHGUFNHQ (LQQXULP*HVSUlFKV]XVWDQG 7DVWHGUFNHQ 7DVWH2. GUFNHQ (LQVWHOOXQJZLUGJHVSHLFKHUW $XIOHJHQ7DVWHGUFNHQ RGHU RGHU B $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ 7DVWHQNOLFN)HVWVWDWLRQHLQDXVVFKDOWHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW (, 1 $86 $XVVFKDOWHQ 7DVWHGUFNHQ (LQVFKDOWHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ (LQVWHOOXQJZLUGJHVSHLFKHUW $XIOHJHQ7DVWHGUFNHQ 'HU7DVWHQNOLFNPDFKW6LHGDUDXIDXIPHUNVDPGDVV6LHHLQH7DVWHEHWlWLJWKD EHQ/LHIHU]XVWDQG (LQ RGHU B $Q]HLJHGHU6WDWLRQV1UHLQDXVVFKDOWHQ , P/LHIHU]XVWDQGLVWGLH$Q]HLJHDXVJHVFKDOWHW k 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW (, 1 $86 (LQVFKDOWHQ 7DVWHGUFNHQ $XVVFKDOWHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ . RVWHQ (UUHLFKEDUEOHLEHQ RGHU B $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH 6LFKHUKHLW $QUXIEHDQWZRUWHU 7HOHIRQLHUHQ 'DPLW6LHEHL%HWULHEDQPHKUHUHQ6WDWLRQ DQLKUHP+DQGJHUlWHUNHQQHQPLW ZHOFKHU6WDWLRQ6LHYHUEXQGHQVLQGN|QQHQ6LHGLH$Q]HLJHGHU6WDWLRQV1XP PHUHLQDXVVFKDOWHQ , Q%HWULHEQHKPHQ $QUXIHUOLVWHXPVWHOOHQ 6LHN|QQHQ]ZHL$UWHQYRQ$QUXIHUOLVWHQHLQVWHOOHQ s $QUXIHUOLVWHPD[(LQWUlJH GLHQXUQLFKWDQJHQRPPHQGH 5XIQXPPHUQVSHLFKHUWPLW$Q]DKO=lKOHUZLHRIWGLHJOHLFKH5XIQXPPHU DQJHUXIHQKDWGKHVHUIROJWNHLQH0HKUIDFKVSHLFKHUXQJDEHU'DWXP 8KU]HLWZLUGJHlQGHUWXQGGDPLWHUIROJWHLQHQHXH(LQRUGQXQJLQGHU/LVWH 1DFK$XVZDKOGHU5XIQXPPHUZLUGGHU(LQWUDJLQGHU/LVWHJHO|VFKWXQGLQ GHU:DKOZLHGHUKROXQJJHVSHLFKHUW GDV*HVSUlFKDQJHQRPPHQRGHUQLFKWDQJHQRPPHQKDEHQPLW 1XPHULHUXQJGHU$QUXIHDQVWDWW$Q]DKO=lKOHUGK0HKUIDFKDQUXIHZHUGHQ HQWVSUHFKHQGRIWJHVSHLFKHUW 1DFK$XVZDKOGHU5XIQXPPHUZLUGGHU(LQWUDJQLFKWJHO|VFKWHVHUIROJW HLQH]XVl]OLFKH6SHLFKHUXQJLP:DKOZLHGHUKROVSHLFKHU s $QUXIHUOLVWHPD[(LQWUlJH GLHDOOH5XIQXPPHUQVSHLFKHUWHJDORE6LH , P/LHIHU]XVWDQGLVWGLH$QUXIHUOLVWHHLQJHVWHOOW :DKODXVGHU$QUXIHUOLVWHVLHKH6HLWH k RGHU 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW $QUXIHUOLVWH $QUXIHUOLVWH /LVWH 7DVWHQGUFNHQ /LVWH 7DVWHGUFNHQ 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ B $QUXIHUOLVWHO|VFKHQ 6LHN|QQHQDOOH(LQWUlJHGHU$QUXIHUOLVWHO|VFKHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ $OOH(LQWUlJHVLQGJHO|VFKW $XIOHJHQ7DVWHGUFNHQ B $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ . RVWHQDQ]HLJHQDFK%HOHJHQHLQDXVVFKDOWHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW (, 1 $86 (LQVFKDOWHQ 7DVWHGUFNHQ $XVVFKDOWHQ 7DVWHGUFNHQ 7DVWH2. GUFNHQ (LQVWHOOXQJZLUGJHVSHLFKHUW $XIOHJHQ7DVWHGUFNHQ 6LHN|QQHQGLH$Q]HLJHGHU*HVSUlFKVNRVWHQGHVOHW]WHQ*HVSlFKVQDFKHUQHX WHQ%HOHJHQGHU/HLWXQJHLQDXVVFKDOWHQ, P/LHIHU]XVWDQGLVWGLH$Q]HLJHDXV JHVFKDOWHW RGHU B $QNORSIHQHUODXEHQVSHUUHQ D 0LWGHU71HW)XQNWLRQª$QNORSIHQ©EOHLEHQ6LHDXFKZlKUHQGHLQHV7HOHIRQDWV IUDQGHUHHUUHLFKEDU:HQQHLQ'ULWWHUDQUXIWK|UHQ6LHHLQHQ6LJQDOWRQXQG N|QQHQGDQQHQWVFKHLGHQRE6LH, KUELVKHULJHV*HVSUlFKIRUWIKUHQRGHUPLW GHPª$QNORSIHQGHQ©VSUHFKHQZROOHQVLHKH6HLWH $EQHKPHQ7DVWHGUFNHQ $QNORSIHQHLQ 7DVWHQQDFKHLQDQGHUGUFNHQ 6LHK|UHQGLH$QVDJH´'DV'LHQVWHPHUNPDOLVWDNWLYµ $QNORSIHQDXV 7DVWHQQDFKHLQDQGHUGUFNHQ 6LHK|UHQGLH$QVDJH´'DV'LHQVWHPHUNPDOLVWGHDNWLYLHUWµ $XIOHJHQ7DVWHGUFNHQ RGHU :LH6LHHLQHQZHLWHUHQ$QUXIDQQHKPHQRGHUDEZHLVHQOHVHQ6LHDE6HLWH infobox $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ :lKUHQGHLQHV)D[0RGHPEHWULHEVVROOWHQ6LHGLH)XQNWLRQª$QNORSIHQ©DXV VFKDOWHQGDHVVRQVW]X6W|UXQJHQLQGHUhEHUWUDJXQJNRPPHQNDQQ 6LFKHUKHLW B $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ 'LHVH71HW)XQNWLRQPXEHLGHU7HOHNRPEHDXIWUDJWVHLQ6LHN|QQHQGLHVH )XQNWLRQGDQQDQ, KUHP*HUlWQDFK%HGDUI]XODVVHQRGHUVSHUUHQ , Q%HWULHEQHKPHQ 5XI]XRUGQXQJ s 5XI]XVFKDOWXQJ5XIH DQHLQ+DQGJHUlWPLWDQVFKOLHHQGHU 6LHN|QQHQEHL%HWULHEPLWPHKUHUHQ+DQGJHUlWHQIROJHQGH(LQVWHOOXQJHQYRU QHKPHQ s 6DPPHOUXIDQDOOH+DQGJHUlWH/LHIHU]XVWDQGHLQJHWUDJHQH+DQGJHUlWH ([WHUQUXIHUIROJWJOHLFK]HLWLJDQDOOHQHLQJHWUDJHQHQ +DQGJHUlWHQ1LFKWHLQJHWUDJHQH+DQGJHUlWHHPSIDQJHQNHLQHQ5XIXQG N|QQHQVRPLWHLQH[WHUQHV*HVSUlFKQLFKWDQQHKPHQ 5XI]XVFKDOWXQJDOOHUXQWHU6DPPHOUXIHLQJHWUDJHQHQ+DQGJHUlWHLP /LHIHU]XVWDQGLVWGDV+DQGJHUlWIUGHQ(UVWUXIHLQJHWUDJHQ ([WHUQUXI HUIROJWDQHLQHP+DQGJHUlWDOOHDQGHUHQXQWHU6DPPHOUXIHLQJHWUDJHQHQ +DQGJHUlWHZHUGHQGDQQ]XJHVFKDOWHWVLHKHDXFK´5XIDQ]DKOHLQVWHOOHQµ QDFKGHUGLH5XI]XVFKDOWXQJHUIROJHQVROO /LHIHU]XVWDQG 6DPPHOUXI 6DPPHOUXI5XI]XVFKDOWXQJ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ $NWXHOOH(LQVWHOOXQJZLUGDQJH]HLJW 6DPPHOUXI 5XI]XVFKDOWXQJ 6DPPHOUXI 7DVWHGUFNHQ 5XI]XVFKDOWXQJ 7DVWHGUFNHQ 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ RGHU B (UVWUXI, QWHUQ1UIHVWOHJHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ $NWXHOOH(LQVWHOOXQJZLUGDQJH]HLJW, QWHUQ1UGHV(UVWUXIWHLOQHKPHUV *HZQVFKWH, QWHUQ1UELV HLQJHEHQ 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ ( B infobox , VWGHU(UVWUXIWHLOQHKPHUQLFKWHUUHLFKEDUZLUGDXWRPDWLVFKDXI6DPPHOUXIXP JHVFKDOWHW . RVWHQ 5XIDQ]DKOIU5XI]XVFKDOWXQJIHVWOHJHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ $NWXHOOH(LQVWHOOXQJZLUGDQJH]HLJW/LHIHU]XVWDQG 7HOHIRQDQODJH $QKDQJ 7HOHIRQHLQVWHOOHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ ( *HZQVFKWH=DKOGHU5XIHHLQJHEHQ 5XIDQ]DKO ELVP|JOLFK 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ B 6DPPHOUXI, QWHUQ1XPPHUQO|VFKHQHUJlQ]HQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ $OOH, QWHUQ1UZHUGHQDQJH]HLJW *HZQVFKWH, QWHUQ1UHLQJHEHQGLHJHO|VFKW ]% RGHUKLQ]XJHIJWZHUGHQVROO 7DVWH2. GUFNHQ $XIOHJHQ7DVWHGUFNHQ ( B infobox (VN|QQHQDOOH, QWHUQ1UHLQJHWUDJHQZHUGHQ +DQGJHUlWHDQDEPHOGHQ $QPHOGHQ 6LHN|QQHQQXQGDV+DQGJHUlWLQQHUKDOEYRQ6HNXQGHQDQPHOGHQ k ] ( 3URJUDPP7DVWHGUFNHQ , QWHUQ7DVWHGUFNHQ 6WHUQ7DVWHGUFNHQ 0|JOLFKH6WDWLRQV1UZHUGHQDQJH]HLJW 6WDWLRQVQXPPHUELV HLQJHEHQ]% 6WDWLRQVQXPPHUEOLQNW 7DVWH2. GUFNHQ 6\PERO EOLQNW 6\VWHP3, 1HLQJHEHQ -HGHHLQJHJHEHQH=LIIHUYHUVHW]WHLQHQ6WULFK 7DVWH2. GUFNHQ ( ( (LQHGHUIUHLHQ, QWHUQ1XPPHUQHLQJHEHQ . XU]HLWLJZLUGGLH, QWHUQ1UDQJH]HLJW +DQGJHUlWLVWDQJHPHOGHW $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH +DQGJHUlWV\QFKURQLVLHUWVLFKDXIGLH6WDWLRQ 'LHQRFKIUHLHQ, QWHUQ1XPPHUQZHUGHQ DQJH]HLJW]% . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 'LH7DVWHDQGHU)HVWVWDWLRQVRODQJHJHGUFNWKDOWHQELVGHU$QPHOGHWRQK|UEDU LVWFD6HNXQGHQ 7HOHIRQLHUHQ 'DV+DQGJHUlWGDV]XP/LHIHUXPIDQJ, KUHU)HVWVWDWLRQJHK|UWLVWEHUHLWVDQJH PHOGHW6LHN|QQHQELV]XVHFKV+DQGJHUlWHDQELV]XYLHUYHUVFKLHGHQHQ )HVWVWDWLRQHQEHWUHLEHQ:LH6LHHLQVWHOOHQN|QQHQPLWZHOFKHU)HVWVWDWLRQ , KU+DQGJHUlWDXWRPDWLVFKYHUEXQGHQZLUGOHVHQ6LHDXI6HLWH , Q%HWULHEQHKPHQ infobox :HQQGLHDXVJHZlKOWH)HVWVWDWLRQEHUHLWVEHOHJWLVWK|UHQ6LHGHQ)HKOHUWRQ XQGN|QQHQDQVFKOLHHQGGHQ$QPHOGHYRUJDQJPLWGHU$XIOHJHQ7DVWHB DEEUHFKHQ 'DV*HUlWVXFKW6HNXQGHQQDFKGHUDQPHOGHEHUHLWHQ)HVWVWDWLRQ :LH6LHGLH6\VWHP3, 1lQGHUQOHVHQ6LHDXI6HLWH $EPHOGHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ $OOHHLQJHWUDJHQHQ, QWHUQ1UZHUGHQDQJH]HLJW *HZQVFKWH, QWHUQ1UHLQJHEHQ 7DVWH2. GUFNHQ 'DV*HUlWPLWGHUHLQJHJHEHQHQ, QWHUQ1ULVWDEJHPHOGHW $XIOHJHQ7DVWHGUFNHQ ( B infobox 'LHQLFKWDEJHPHOGHWHQ+DQGJHUlWHEHKDOWHQLKUH, QWHUQ1U 6WDWLRQVDXVZDKO:HFKVHOQ]XHLQHUDQGHUHQ6WDWLRQ s )HVWH9HUELQGXQJQXU]XHLQHUDXVJHZlKOWHQ6WDWLRQ s %HVWH'DV+DQGJHUlWZLUGDXWRPDWLVFKPLWGHU)HVWVWDWLRQYHUEXQGHQ )ROJHQGH(LQVWHOOXQJHQVWHKHQ, KQHQ]XU9HUIJXQJZHQQGDV+DQGJHUlWDQ PHKUHUHQ)HVWVWDWLRQHQDQJHPHOGHWLVW ZHOFKHGLHEHVWH)XQNYHUELQGXQJHUP|JOLFKWZHQQPDQGHQ)XQNEHUHLFK GHU6WDWLRQYHUOlWPLWGHUPDQJHUDGHYHUEXQGHQZDU 0DQXHOOHV:HFKVHOQ]XHLQHUEHVWLPPWHQ6WDWLRQ)HVWH RGHU]XUEHVWHQ6WDWLRQ k ] 3URJUDPP7DVWHGUFNHQ , QWHUQ7DVWHGUFNHQ ´µXQG6WDWLRQV1UDQGHQHQGDV+DQGJHUlW DQJHPHOGHWLVWZHUGHQDQJH]HLJW )HVWH6WDWLRQ 6WDWLRQV1UHLQJHEHQ1UEOLQNW %HVWH6WDWLRQ 7DVWHGUFNHQ=LIIHUEOLQNW )HVWH6WDWLRQEHLQLFKW(UUHLFKEDUNHLW´%HVWHµ 6WDWLRQV1U[GUFNHQ=LIIHUXQG6WDWLRQV1UEOLQNW 7DVWH2. GUFNHQ 9HUELQGXQJ]XUDXVJHZlKOWHQ6WDWLRQRGHUEHVWHQ6WDWLRQZLUGKHUJHVWHOOW $XIOHJHQ7DVWHGUFNHQ ( RGHU RGHU ( B infobox (LQ:HFKVHO]ZLVFKHQYHUVFKLHGHQHQ)HVWVWDWLRQHQZlKUHQGHLQHV*HVSUlFKV LVWQLFKWP|JOLFK $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU s )HVWHEHL1LFKW(UUHLFKEDUNHLW´%HVWHµ (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ -HGHV+DQGJHUlWNDQQDQELV]XYLHU)HVWVWDWLRQHQDQJHPHOGHWVHLQVLHKH 6HLWH :HQQ6LHPLWGHP+DQGJHUlWGLH5HLFKZHLWHHLQHU)HVWVWDWLRQYHUODV VHQNDQQGDV+DQGJHUlWDXWRPDWLVFK9HUELQGXQJ]XUQlFKVWHQHUUHLFKEDUHQ )HVWVWDWLRQDQGHUHVDQJHPHOGHWLVWDXIQHKPHQ , Q%HWULHEQHKPHQ +DQGJHUlWH%HUHFKWLJXQJIHVWOHJHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ $OOHHLQJHWUDJHQHQ, QWHUQ1UZHUGHQDQJH]HLJW *HZQVFKWH, QWHUQ1UHLQJHEHQ]% %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW 1XU$QQDKPH 7DVWHGUFNHQ :DKO$QQDKPH 7DVWHGUFNHQ 7DVWH2. GUFNHQ 'LH%HUHFKWLJXQJLVWHLQJHVWHOOW $XIOHJHQ7DVWHGUFNHQ 6LHN|QQHQIUMHGHVDQJHPHOGHWH+DQGJHUlWXQWHUVFKLHGOLFKH%HUHFKWLJXQJHQ HLQVWHOOHQ :DKO$QQDKPH'DV+DQGJHUlWNDQQDQNRPPHQGH$QUXIHHQWJHJHQQHK PHQXQGDEJHKHQGHH[WHUQHLQWHUQH*HVSUlFKHIKUHQ/LHIHU]XVWDQG 1XU$QQDKPH'DV+DQGJHUlWNDQQQXUDQNRPPHQGH$QUXIHHQWJHJHQQHK PHQ$EJHKHQGHH[WHUQH*HVSUlFKHVLQGQLFKWP|JOLFK ( RGHU B infobox 1RWUXIQXPPHUQVLHKH6HLWH N|QQHQ6LHXQDEKlQJLJYRQGHUHLQJHVWHOOWHQ %HUHFKWLJXQJMHGHU]HLWZlKOHQ *H]LHOWH:DKOHLQHU, QWHUQ1UYRQ([WHUQ'XUFKZDKO *H]LHOWH:DKOHLQDXVVFKDOWHQ k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQ 7DVWH2. GUFNHQ $NWXHOOH(LQVWHOOXQJZLUGDQJH]HLJW 6DPPHOUXI 5XI]XVFKDOWXQJ (LQVFKDOWHQ 7DVWHGUFNHQ $XVVFKDOWHQ]XP6DPPHOUXI 7DVWHGUFNHQ $XVVFKDOWHQ]XU5XI]XVFKDOWXQJ 7DVWHGUFNHQ 7DVWH2. GUFNHQ RGHU RGHU infobox :HQQ6LHHLQH+LQZHLVDQVDJHDXIJHVSURFKHQKDEHQZLUGGLHVHQDFK(LQ VFKDOWHQGHU'XUFKZDKODQVWDWWGHU6WDQGDUGDQVDJHª%LWWH7HLOQHKPHUUXIHQ© GHP$QUXIHUJHVHQGHW/|VFKHQ6LHGHVKDOE, KUHQELVKHULJHQ+LQZHLVDQVDJH WH[WRGHUVSUHFKHQ6LHHLQHQVSH]LHOOHQ7H[WIUGLHJH]LHOWH:DKODXIVLHKH 6HLWHXQG :HQQ6LHGLH'XUFKZDKODXVVFKDOWHQVROOWHQ6LHGHQ'XUFK ZDKOWH[WO|VFKHQGDHUVRQVWDOV+LQZHLVWH[WJHVHQGHWZLUG $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 'LH5XIDQ]DKOQDFKGHUVLFKGHUHLQJHVFKDOWHWH$QUXIEHDQWZRUWHUDQVFKDOWHW VLHKH6HLWH VROOWHQ6LHDXIHLQHK|KHUH5XIDQ]DKOHLQVWHOOHQDOV´5XIDQ]DKO IU5XI]XVFKDOWXQJµVLHKH6HLWH XPDP+DQGJHUlWHLQHQ$QUXIYRUGHP $QVFKDOWHQGHV$QUXIEHDQWZRUWHUVDQQHKPHQ]XN|QQHQ 7HOHIRQLHUHQ 6LHN|QQHQ, KUH)HVWVWDWLRQVRHLQVWHOOHQGDVVYRQ([WHUQHLQ+DQGJHUlWGXUFK 1DFKZDKOGHUJHZQVFKWHQ, QWHUQ1ULQ7RQZDKO0)9 GLUHNWJHUXIHQZLUGGLH )HVWVWDWLRQOlXWHWPLW 'D]XPXGLH´*H]LHOWH:DKOµHLQJHVFKDOWHWVHLQ , Q%HWULHEQHKPHQ *H]LHOWH:DKOHLQHU, QWHUQ1UYRQ([WHUQ $QUXIHUGHQHQ6LHGLHHQWVSUHFKHQGH, QWHUQ1UPLWJHWHLOWKDEHQN|QQHQGXUFK :DKO, KUHU7HOHIRQQXPPHUXQG1DFKZDKOGLHVHU, QWHUQ1ULQ7RQZDKO0)9 GDV+DQGJHUlWGLUHNWUXIHQRKQHGDVVGLHDQGHUHQ+DQGJHUlWHPLWOlXWHQ 'HUH[WHUQH*HVSUlFKVSDUWQHU P :lKOW, KUH7HOHIRQQXPPHU (UK|UWGHQ+LQZHLVª%LWWH7HLOQHKPHUUXIHQ©RGHU, KUHLQGLYLGXHOOH'XUFKZDKO DQVDJH , QQHUKDOEYRQFD6HNXQGHQ , QWHUQ1UHLQJHEHQ (UK|UWGHQLQWHUQHQ5XIWRQ C P infobox *LEWGHU$QUXIHUNHLQH, QWHUQ1UHLQRGHUGDVJHUXIHQH+DQGJHUlWQLPPWGHQ 5XIQLFKWDQRGHULVWDXHUKDOEGHU5HLFKZHLWH ZLUGHLQ6DPPHOUXIDXVJHO|VW QDFK5XIHQ /LHIHUHLQVWHOOXQJ´5XIDQ]DKOIU5XI]XVFKDOWXQJµVLHKH6HLWH )D[ZHLFKH*HUlWHDQVFKOXIU67$HLQVWHOOHQ , P/LHIHU]XVWDQGLVW´7HOHIRQµHLQJHVWHOOW k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. GUFNHQ $OOHHLQJHWUDJHQHQ, QWHUQ1UZHUGHQDQJH]HLJW , QWHUQ1UGHU67$HLQJHEHQ]% %LVKHULJH(LQVWHOOXQJZLUGDQJH]HLJW 7HOHIRQ 7DVWHGUFNHQ )D[ 7DVWHGUFNHQ 0RGHP 7DVWHGUFNHQ 7DVWH2. GUFNHQ 'LH(LQVWHOOXQJLVWJHVSHLFKHUW $XIOHJHQ7DVWHGUFNHQ ( RGHU RGHU B $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 9RUDXVVHW]XQJ s 'HU$QUXIEHDQWZRUWHURGHUGLHJH]LHOWH:DKOHLQHU, QWHUQ1U'XUFKZDKO LVW HLQJHVFKDOWHW6HLWH s 'LH*HUlWHHLQVWHOOXQJGHU67$, QWHUQ1ULVWDXI)D[HLQJHVWHOOW 7HOHIRQLHUHQ )UGHQ%HWULHEHLQHV)D[JHUlWHVDQHLQHU6LQXV67$LVWLQGHU)HVWVWDWLRQHLQH )D[ZHLFKHLQWHJULHUW'LHVH)D[ZHLFKHVWHOOWQDFK(LQWUHIIHQGHU)D[NHQQXQJ DXWRPDWLVFKGLH9HUELQGXQJ]XGHU, QWHUQ1UGHU67$GXUFKRKQHGDVVGLH DQGHUHQ+DQGJHUlWPLWOlXWHQ(VNDQQQXUHLQH67$PLW)D[EHWULHEHQZHUGHQ , Q%HWULHEQHKPHQ /LHIHU]XVWDQGZLHGHUKHUVWHOOHQ /LHIHU]XVWDQGDP+DQGJHUlWZLHGHUKHUVWHOOHQ 6LHN|QQHQPLWGLHVHU3UR]HGXUDOOHLQGLYLGXHOOYHUlQGHUWHQ(LQVWHOOXQJHQXQG bQGHUXQJHQLQGHQ/LHIHU]XVWDQG]XUFNVHW]HQ 1LFKWJHlQGHUWZHUGHQGLH$QPHOGHGDWHQGLH+DQGJHUlWH3, 1XQGGHU. XU] ZDKOVSHLFKHU k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ +DQGJHUlWH3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. [GUFNHQ /LHIHU]XVWDQGDQGHU)HVWVWDWLRQZLHGHUKHUVWHOOHQ $OOH)XQNWLRQHQGHU)HVWVWDWLRQZHUGHQLQGHQ/LHIHU]XVWDQG]XUFNJHVHW]W 1LFKWJHlQGHUWZHUGHQGLH$QPHOGHGDWHQXQGGLH6\VWHP3, 1 k ( 3URJUDPP7DVWHGUFNHQ 7DVWHQQDFKHLQDQGHUGUFNHQ 7DVWH2. GUFNHQ 6\VWHP3, 1HLQJHEHQLP/LHIHU]XVWDQGª© 7DVWH2. [GUFNHQ s +DQGJHUlW6LQXV6 s s s s s s ² +DQGJHUlWH3, 1 ² DQJHPHOGHWDQ)HVWVWDWLRQ ² $XWRPDWLVFKH5XIDQQDKPH(LQ ² 5XIWRQ/DXWVWlUNH ² 5XIWRQ0HORGLH ² +LQZHLVW|QH(LQ ² +|UHUODXWVWlUNH ² 7DVWHQVFKXW]$XV ² 7HOHIRQVSHUUH$XV )HVWVWDWLRQ6LQXV$% ² 5XIWRQ/DXWVWlUNH ² 5XIWRQ0HORGLH ² :DUWHPHORGLH(LQ ² 1RWUXIQXPPHUQ ² 6\VWHPVSHUUH$XV ² 7DVFKHQJHOGNRQWR$XV :DKOYHUIDKUHQ7RQZDKO0)9 )ODVK6HNXQGHQ %HUHFKWLJXQJGHU*HUlWH:DKOXQG$QQDKPH 3DXVHQOlQJHQDFK$. =+$. =6HNXQGHQ 6\VWHP3, 1 $QUXIEHDQWZRUWHUWHLO ² 5XIDQ]DKODXWRPDWLVFK ² 1DFKULFKWHQOlQJH0LQXWHQ ² $XWRPDWLVFKH3DXVHEHLP$EK|UHQ$XV ² =HLWDQJDEH6SUDFKKLQZHLV (LQ ² 1DFKULFKWHQPLWK|UHQ(LQ ² 'LUHNWDQVSUHFKHQHUODXEW(LQ ² $XI]HLFKQXQJVTXDOLWlW6WDQGDUG $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 'DPLW6LHQDFKGHP$QVFKOLHHQGHU)HVWVWDWLRQVLHKH6HLWH XQG/DGHQGHU +DQGJHUlWH$NNXVGDV7HOHIRQVRIRUWQXW]HQN|QQHQLVWHVIUDOOJHPHLQH*H EUDXFKV]ZHFNHYRUHLQJHVWHOOW 'LHVH9RUHLQVWHOOXQJHQN|QQHQ6LHHQWVSUHFKHQG, KUHQSHUV|QOLFKHQ%HGUIQLV VHQXQG$QVFKOXEHGLQJXQJHQYHUlQGHUQ )ROJHQGH9RUHLQVWHOOXQJHQZXUGHQJHWURIIHQ 7HOHIRQLHUHQ $QKDQJ /LHIHU]XVWDQG , Q%HWULHEQHKPHQ :LFKWLJH+LQZHLVH]XP*HEUDXFKGHU$NNXV 1XU1LFNHO&DGPLXP$NNXV1L&G E]Z1LFNHO0HWDOO+\GULG$NNXV1L0+ YHUZHQGHQ 1XUPLWGHQ$NNX0LQGHVWNDSD]LWlWHQ1L&GDEP$KXQGK|KHUE]Z 1L0+DEP$KXQGK|KHU JHOWHQGLHJHQDQQWHQ+DQGJHUlW%HWULHEV ]HLWHQLQ%HUHLWVFKDIWLP*HVSUlFK XQG/DGH]HLWHQVLHKH´7HFKQLVFKH 'DWHQµ6HLWH , P/LHIHUXPIDQJGHV+DQGJHUlWHVVLQG]ZHLZLHGHUDXIODGEDUH1L&G=HOOHQ GHU%DXIRUP$$0LJQRQ HQWKDOWHQ $OV(UVDW]EHGDUIE]ZDOV5HVHUYHHPSIHKOHQZLUEHLVSLHOVZHLVHKDQGHOVE OLFKH$NNX=HOOHQIROJHQGHU+HUVWHOOHU 1L&G6$1<2*39DUWD 1L0+6$1<2*39DUWD3DQDVRQLF7RVKLED (QWVSUHFKHQGH$NNXVZHUGHQHEHQVRZLH/DGHVWDWLRQHQYRQGHU'HXW VFKHQ7HOHNRPDQJHERWHQ 'HU(LQVDW]DQGHUHU$NNX7\SHQRGHUYRQQLFKWZLHGHUDXIODGEDUHQ%DWWHUL HQ3ULPlU]HOOHQNDQQJHIlKUOLFKVHLQXQG]XVlW]OLFK]X)XQNWLRQVVW|UXQJHQ E]Z%HVFKlGLJXQJHQGHV*HUlWHVIKUHQ 'LH'HXWVFKH7HOHNRP$*NDQQDXVYHUVWlQGOLFKHQ*UQGHQLQVROFKHQ)lO OHQNHLQH+DIWXQJEHUQHKPHQ $NNXVZHUGHQZlKUHQGGHV$XIODGHQVZDUPGLHVLVWHLQQRUPDOHUXQGXQ JHIlKUOLFKHU9RUJDQJ . HLQHIUHPGHQ$XIODGHJHUlWHYHUZHQGHQGLH$NNXVN|QQHQEHVFKlGLJW ZHUGHQ 6HW]HQ6LHGLH$NNXVLQGHUULFKWLJHQ3ROXQJHLQ $NNXVQLFKWLQV:DVVHUWDXFKHQDXFKQLFKWLQV)HXHUZHUIHQ $NNXVQLFKWGHPRQWLHUHQ'DEHLNDQQHV]XP$XVWULWWGHVlW]HQGHQ(OHNWUR O\WHQNRPPHQ 1DFK1HXHLQOHJHQYRQ$NNXVHQWVSULFKWGLH$Q]HLJHYROO GHPWDW VlFKOLFKHQ$NNX/DGH]XVWDQGHUVWQDFKHLQHPNRPSOHWWHQ/DGH(QWODGH 9RUJDQJLP+DQGJHUlW 1HXH$NNXVHUUHLFKHQLKUHYROOH. DSD]LWlWHUVWQDFKHLQLJHQ/DGH(QWODGH 9RUJlQJHQ 6LHN|QQHQ, KU+DQGJHUlWQDFKMHGHP*HVSUlFKZLHGHULQGLH/DGH )HVWVWDWLRQOHJHQ'HU/DGHYRUJDQJZLUGHOHNWURQLVFKJHVWHXHUWGDPLWGLH $NNXVLQGHQXQWHUVFKLHGOLFKVWHQ/DGH]XVWlQGHQRSWLPDOXQGVFKRQHQGJH ODGHQZHUGHQ9HUPHLGHQ6LHGLH$NNXVRKQHEHVRQGHUHQ*UXQGDXVGHP +DQGJHUlWKHUDXV]XQHKPHQGDGDGXUFKGHURSWLPDOH/DGHYRUJDQJEHHLQ WUlFKWLJWZLUG 'LH. DSD]LWlWGHUHLQJHVHW]WHQ$NNXVNDQQYHUEHVVHUWZHUGHQZHQQQDFK OlQJHUHU1XW]XQJVGDXHUGLH$NNXVLP+DQGJHUlWYROOVWlQGLJHQWODGHQXQG DQVFKOLHHQGZLHGHUYROODXIJHODGHQZHUGHQ 'LH$NNXVQLFKWNXU]VFKOLHHQJHIlKUOLFK 9HUPHLGHQ6LHEHVRQGHUVYHUVH KHQWOLFKH. XU]VFKOVVHEHL/DJHUXQJXQG7UDQVSRUWGXUFK]%6FKOVVHO EXQG0HWDOOSODWWHQRGHUlKQOLFKHVXQGDFKWHQ6LHGDUDXIGDVVGLH$NNXV QLFKWPLWIHWWKDOWLJHQ6WRIIHQLQ9HUELQGXQJNRPPHQ$NNXVGHVKDOEDXHU KDOEGHV+DQGJHUlWVQXULQLVROLHUHQGHU9HUSDFNXQJDXIEHZDKUHQ9HUPHL GHQ6LHHEHQVRGLH%HUKUXQJGHU. RQWDNWHPLWIHWWLJHQ7HLOHQ )UDOOHYHUEUDXFKWHQ%DWWHULHQXQG$NNXPXODWRUHQEHVWHKWHLQHJHVHW]OLFKH 5FNJDEHSIOLFKW6LHGUIHQQLFKWEHUGHQ+DXVPOOHQWVRUJWZHUGHQ'LH 'HXWVFKH7HOHNRPQLPPWYHUEUDXFKWH%DWWHULHQXQG$NNXVGLHVLHEHLGHU 'HXWVFKHQ7HOHNRPJHNDXIWKDEHQLQGHQ73XQNWHQNRVWHQORV]XUFN'LH %DWWHULHQXQG$NNXVZHUGHQUHF\FHOWGDVLH]%1LFNHO&DGPLXP1L&G %OHL3E &DGPLXP&G RGHU4XHFNVLOEHU+J HQWKDOWHQN|QQHQ 'LH%DWWHULHQXQG$NNXVVLQGPLW6\PEROHQXQGLKUHP, QKDOWVVWRIIJHNHQQ ]HLFKQHW]% Ni-Cd Cd $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH . RVWHQ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ 6HOEVWKLOIHEHL6W|UXQJHQ 6W|UXQJ 8UVDFKH $EKLOIH 1DFK%HWlWLJXQJGHU$EQHK ² 'LH6WHFNHUGHU$QVFKOX PHQ7DVWHLVWNHLQ:lKOWRQK|U VFKQXUIUGLH)HVWVWDWLRQ EDUGLH:lKOOHLWXQJZLUGQLFKW VLQGQLFKWULFKWLJJHVWHFNW EHOHJW ² 'LH6WHFNHUGHU1HW]JHUlWH VFKQXUIUGLH)HVWVWDWLRQ VLQGQLFKWULFKWLJJHVWHFNW ² 'LH:lKOOHLWXQJZLUGGXUFK HLQDQGHUHV+DQGJHUlW EHOHJW 1DFK$XVZDKOGHU5XIQXPPHU 'DV:DKOYHUIDKUHQLVWIDOVFK HLQJHVWHOOW NHLQH9HUELQGXQJ:lKOWRQ QRFKK|UEDU =ZHLWHV7HOHIRQDQHLQHPDXWR PDWLVFKHQ:HFKVHOVFKDOWHU $:$'R IXQNWLRQLHUWQLFKW PHKU ULFKWLJ :HQQ, KU7HOHIRQVLFKHLQPDOQLFKWVRYHUKlOWZLH6LHHVZQVFKHQYHUVXFKHQ 6LH]XQlFKVWVLFKPLWGHUIROJHQGHQ/LVWHVHOEVW]XKHOIHQ:HQQ6LHGHQ)HKOHU QLFKWVHOEVWEHKHEHQN|QQHQVWHKW, KQHQGHU76HUYLFHXQWHUGHU5XIQXPPHU JHUQH]XU9HUIJXQJ ² 6WHFNHUDQGHU)HVWVWDWLRQ XQGDQGHU7HOHIRQVWHFNGRVH NRQWUROOLHUHQHYWODXVXQG HLQVWHFNHQ ² 6WHFNHUDQGHU)HVWVWDWLRQ XQGDQGHU96WHFNGRVH NRQWUROOLHUHQHYWODXVXQG HLQVWHFNHQ ² :DUWHQELVGLH:lKOOHLWXQJ IUHLLVW :DKOYHUIDKUHQXPVWHOOHQVLHKH 6HLWH $:$'RJHJHQ8PVFKDOWHU7 7HOHIRQNDQQQXUPLWQHXHQ =XVDW]HLQULFKWXQJHQEHWULHEHQ DXVZHFKVHOQ ZHUGHQ $. =+$. =HLQJHEHQHLQVFKDO WHQXQGHYWOOlQJHUH3DXVHQ OlQJHHLQVWHOOHQ VLHKH6HLWH %HL7HOHIRQDQODJHQ ² 9RUZDKO]LIIHU$. =+$. = QLFKWHLQJHJHEHQ . HLQHE]ZIDOVFKH9HUELQGXQJ QDFK:DKODXVHLQHP6SHLFKHU 'LVSOD\V\PEROª©K|UWQLFKWDXI ² )HVWVWDWLRQQLFKWDQPHOGHEH ² $QPHOGHSUR]HGXUDQEHLGHQ ]XEOLQNHQ UHLW *HUlWHQHUQHXWVWDUWHQ ² )HVWVWDWLRQDXVJHVFKDOWHW ² )HVWVWDWLRQHLQVFKDOWHQ ² )HVWVWDWLRQDXHUKDOEGHU 5HLFKZHLWH ² )HVWVWDWLRQQLFKWPLW6WURP QHW]YHUEXQGHQ ² 0DQXHOOIDOVFKH)HVWVWDWLRQ DXVJHZlKOW 'DV+DQGJHUlWOlXWHWQLFKW ² 5XIWRQ/DXWVWlUNH]XOHLVH HLQJHVWHOOW ² 5XI]XRUGQXQJIDOVFKHLQJH VWHOOW ² 5HLFKZHLWHYHUULQJHUQ ² )HVWVWDWLRQDQ6WURPQHW] DQVFKOLHHQ ² 5LFKWLJH)HVWVWDWLRQDXVZlK OHQVLHKH6HLWH ² 5XIWRQ/DXWVWlUNHODXWHUHLQ VWHOOHQVLHKH6HLWH ² 5XI]XRUGQXQJNRUUHNWHLQ VWHOOHQ 6W|UXQJ 8UVDFKH $EKLOIH ² +DQGJHUlWHLQVFKDOWHQVLHKH 6HLWH ² $NNXDXIODGHQ ² 6WDQGDUGTXDOLWlWHLQVWHOOHQ ² . XU]H$QVDJHQQHXDXIVSUH FKHQRGHUQLFKWEHQ|WLJWH $QVDJHQO|VFKHQ ² 'XUFKZDKODXVVFKDOWHQHYWO $QVDJHlQGHUQ =XNXU]H$XI]HLFKQXQJV]HLWLP $QUXIEHDQWZRUWHU $QUXIEHDQWZRUWHULVWPLW+LQ ² 'XUFKZDKOHLQJHVFKDOWHW ZHLVDQVDJHHLQJHVFKDOWHWVFKDO WHWVLFKDEHUEHL$QUXIQLFKWDQ infobox 'DV7HOHIRQ6LQXV$%YHUIJWQLFKWEHUGLH]XU6WHXHUXQJlOWHUHU7HOHIRQ DQODJHQEHQ|WLJWH(UGIXQNWLRQ'HVKDOENDQQHVLQ9HUELQGXQJPLWHLQHUVRO FKHQ7HOHIRQDQODJH]XU%HHLQWUlFKWLJXQJHLQLJHU7HOHIRQDQODJHQ)XQNWLRQHQ NRPPHQ 6HUYLFH 6LHKDEHQHLQPRGHUQHV3URGXNWGHU'HXWVFKHQ7HOHNRPHUZRUEHQGDVHLQHU VWUHQJHQ4XDOLWlWVNRQWUROOHXQWHUOLHJW . RVWHQ $QKDQJ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH +DEHQ6LH)UDJHQ]XP*HUlWZHQGHQ6LHVLFKELWWHDQGLH6HUYLFH+RWOLQHXQWHU GHU5XIQXPPHU , P6W|UXQJVIDOO²DXFKQDFKGHU*DUDQWLH]HLW²VWHKW, KQHQXQVHU76HUYLFH]X VlW]OLFKXQWHUGHU5XIQXPPHURGHUXQVHU3HUVRQDOLP73XQNW JHUQH]XU9HUIJXQJ 6LFKHUKHLW $QUXIEHDQWZRUWHU (UUHLFKEDUEOHLEHQ ² $XI]HLFKQXQJVTXDOLWlWDXI KRFKHLQJHVWHOOW ² =XODQJHXQVDOOH$QVDJHQ DXIJHVSURFKHQ 7HOHIRQLHUHQ $XIGHP'LVSOD\HUVFKHLQWNHLQH ² +DQGJHUlWQLFKW $Q]HLJH HLQJHVFKDOWHW ² $NNXLVWOHHU , Q%HWULHEQHKPHQ *DUDQWLHHUNOlUXQJ 'LH'HXWVFKH7HOHNRP$*OHLVWHWIU0DWHULDOXQG+HUVWHOOXQJGHV7HOHNRPPX QLNDWLRQVHQGJHUlWHVHLQH*DUDQWLHYRQ]Z|OI0RQDWHQDEGHUhEHUJDEH$XVJH QRPPHQKLHUYRQVLQGZLHGHUDXIODGEDUH$NNXPXODWRUHQ$NNXV XQG9HU EUDXFKVJWHUZLH'UXFNSDWURQHQHWFKLHUJLOWGLHJHVHW]OLFKH*HZlKUOHLVWXQJ YRQVHFKV0RQDWHQDEGHUhEHUJDEH 'HP. lXIHUVWHKW]XQlFKVWQXUGDV5HFKWGHU1DFKEHVVHUXQJ]X'LH'HXWVFKH 7HOHNRP$*NDQQVWDWWQDFK]XEHVVHUQ(UVDW]JHUlWHOLHIHUQ $XVJHWDXVFKWH*HUlWHRGHU7HLOHJHKHQLQGDV(LJHQWXPGHU'HXWVFKHQ7HOH NRP$*EHU %HL)HKOVFKODJHQGHU1DFKEHVVHUXQJRGHU(UVDW]OLHIHUXQJNDQQGHU. lXIHU LQQHUKDOEGHU*DUDQWLH]HLW5FNJlQJLJPDFKXQJGHV9HUWUDJHV:DQGHOXQJ RGHU+HUDEVHW]XQJGHV. DXISUHLVHV0LQGHUXQJ YHUODQJHQ 'HU. lXIHUKDWIHVWJHVWHOOWH0lQJHOGHU'HXWVFKHQ7HOHNRP$*XQYHU]JOLFK PLW]XWHLOHQ'HU1DFKZHLVGHV*DUDQWLHDQVSUXFKVLVWGXUFKHLQHRUGQXQJVJH PlH. DXIEHVWlWLJXQJ. DXIEHOHJJJI5HFKQXQJ ]XHUEULQJHQ 'HU*DUDQWLHDQVSUXFKHUOLVFKWZHQQGXUFKGHQ. lXIHURGHUQLFKWDXWRULVLHUWH 'ULWWHLQGDV*HUlWHLQJHJULIIHQZLUG6FKlGHQGLHGXUFKXQVDFKJHPlH %HKDQGOXQJ%HGLHQXQJ$XIEHZDKUXQJVRZLHGXUFKK|KHUH*HZDOWRGHUVRQ VWLJHlXHUH(LQIOVVHHQWVWHKHQIDOOHQQLFKWXQWHUGLH*DUDQWLH %HL(UEULQJXQJGHU*HZlKUOHLVWXQJGXUFKXQVHUH6HUYLFHVWHOOHEHKHEWGLHVHDOV JDUDQWLHSIOLFKWLJDQHUNDQQWH0lQJHOGHV*HUlWHVRKQH%HUHFKQXQJYRQ1HEHQ NRVWHQ)UDFKWXQG9HUVDQGNRVWHQIUGHQELOOLJVWHQ5FNYHUVDQG LQQHUKDOE GHU %XQGHVUHSXEOLN'HXWVFKODQGJHKHQGDEHL]X/DVWHQGHU 'HXWVFKHQ 7HOHNRP$* &(=HLFKHQ 7KHPDQXIDFWXUHUGHFODUHVWKDWWKHDERYHPHQWLRQHGSURGXFWLVPDQXIDFWXUHG DFFRUGLQJWRWKH)XOO4XDOLW\$VVXUDQFH6\VWHPZLWKWKHUHJLVWUDWLRQQXPEHU ´40µLQFRPSOLDQFHZLWK$11(;9RIWKH577('LUHFWLYH(& 7KHSUHVXPSWLRQRIFRQIRUPLW\ZLWKWKHHVVHQWLDOUHTXLUHPHQWVUHJDUGLQJ &RXQFLO'LUHFWLYH(&LVHQVXUHG 'LH2ULJLQDOHUNOlUXQJOLHJWYRU 'DV7HOHIRQ6LQXV$%LVWIUGHQ%HWULHELQ'HXWVFKODQGYRUJHVHKHQ 'HU+HUVWHOOHUHUNOlUWGDVVGLHJUXQGOHJHQGHQ$QIRUGHUXQJHQGHU(85LFKWOLQLH (*´(QGJHUlWHULFKWOLQLHµHUIOOWVLQG'LHhEHUHLQVWLPPXQJGHV*HUlWHV PLWGHURD5LFKWOLQLHZLUGGXUFKGDV&(=HLFKHQEHVWlWLJW 5HF\FOLQJ +DW, KU7HOHIRQDXVJHGLHQW"%ULQJHQ6LHHV]XXQV 'LH'HXWVFKH7HOHNRPHQWVRUJWHVIDFKJHUHFKWREJHPLHWHWRGHUJHNDXIW, KU7H OHIRQZLUG]HUOHJW'LH0DWHULDOLHQDUEHLWHQZLUJHWUHQQWDXI'HQ. XQVWVWRIIIK UHQZLUGHP5HF\FOLQJ]XXQGVWHOOHQGDUDXVQHXH7HOHIRQJHKlXVHKHU'LH(OHN WURQLNZLUGLQLKUH%HVWDQGWHLOH. XSIHU(LVHQXQG6WDKODXIJHWUHQQWXQGZLHGHU YHUZHQGHW )UGLH+HUVWHOOXQJYRQ7HOHIRQHQZHUGHQVHLWHQVGHU'HXWVFKHQ7HOHNRPHLQH 5HLKHYRQ9RUJDEHQJHPDFKWGLHGDV9HUZHQGHQYRQXPZHOWIUHXQGOLFKHQ0D WHULDOLHQYRUVFKUHLEHQXQGHLQHVRUWHQUHLQH7UHQQXQJGHU0DWHULDOLHQHUP|JOL FKHQ'DGXUFKYHUULQJHUQZLUGHQ$QWHLOGHU5HVWVWRIIHZHVHQWOLFK s 6WDQGDUG'(&7*$3 s . DQDO]DKO'XSOH[NDQlOH s )UHTXHQ]HQ0+]ELV0+] s . DQDOUDVWHUN+] s %LWUDWHNELWV s 0RGXODWLRQ*)6. s 6HQGHOHLVWXQJP:PLWWOHUH/HLVWXQJSUR. DQDO s 5HLFKZHLWHELV]X0HWHULP)UHLHQLQ*HElXGHQELV]X0HWHUQ s 6WURPYHUEUDXFK)HVWVWDWLRQFD9$ s %HWULHEVGDXHU+DQGJHUlW EHL s /DGH]HLWGHU$NNXVFD6WXQGHQ s =XOlVVLJH8PJHEXQJVEHGLQJXQJHQIUGHQ%HWULHEGHV+DQGJHUlWV& ELV& s =XOlVVLJH8PJHEXQJVEHGLQJXQJHQIUGHQ%HWULHEGHU)HVWVWDWLRQ&ELV $QKDQJ &ELVUHODWLYH/XIWIHXFKWLJNHLW 7HOHIRQHLQVWHOOHQ LQ%HUHLWVFKDIWLP*HVSUlFK P$K FD6WXQGHQ6WXQGHQ P$K FD6WXQGHQ6WXQGHQ P$K FD6WXQGHQ6WXQGHQ 7HOHIRQDQODJH s 6WURPYHUVRUJXQJ)HVWVWDWLRQ9+]6WHFNHUQHW]JHUlW . RVWHQ s 6SUDFKNRGLHUXQJNELWV 6LFKHUKHLW s 'XSOH[YHUIDKUHQ=HLWPXOWLSOH[PV5DKPHQOlQJH $QUXIEHDQWZRUWHU 7HFKQLVFKH'DWHQ (UUHLFKEDUEOHLEHQ 7HOHIRQLHUHQ , Q%HWULHEQHKPHQ s =XOlVVLJH/DJHUWHPSHUDWXU²&ELV& s :DKOYHUIDKUHQ0)9, :9 s 57DVWHQIXQNWLRQ)ODVK s $EPHVVXQJHQ)HVWVWDWLRQ%UHLWH+|KH7LHIH [[PP s $EPHVVXQJHQ+DQGJHUlW/lQJH%UHLWH+|KH [[PP s *HZLFKW)HVWVWDWLRQJ s *HZLFKW+DQGJHUlWJRKQH$NNXV JPLW$NNXV s /lQJHGHU$QVFKOXVFKQXUP s /lQJHGHU1HW]JHUlWHVFKQXUP s 6WHFNHUQHW]JHUlW(XURVWHFNHU s $QVFKOXVWHFNHUGHU1HW]JHUlWHVFKQXU769 infobox 9HUZHQGHQ6LHQXUGLHEHLOLHJHQGH$QVFKOXVFKQXU(UVDW]EHGDUIHUKDOWHQ6LH EHLGHU'HXWVFKHQ7HOHNRP 6WLFKZRUWYHU]HLFKQLV $ & $EK|UVLFKHUKHLW $EPHOGHQGHV+DQGJHUlWV $NNXV ² HLQOHJHQ ² ODGHQ ² /DGH]XVWDQG ² :DUQWRQ ² :LFKWLJH+LQZHLVH $NNXZDUQWRQ $. = $QNORSIHQ ² HUODXEHQVSHUUHQ $QPHOGHQGHV+DQGJHUlWV $QRQ\PDQUXIHQ $QUXIDQQHKPHQ $QUXIEHDQWZRUWHU ² DOV, QIRER[ ² $QVDJHQ ² HLQVWHOOHQ ² HUZHLWHUW ² PDQXHOOHLQVFKDOWHQ ² 1DFKULFKWHQ $QUXIEHDQWZRUWHUDOV, QIRER[ $QUXIEHDQWZRUWHUIHUQEHGLHQHQ ² )XQNWLRQVDXIUXI ² 9RUDXVVHW]XQJHQ $QUXIHUOLVWH $QUXIHUOLVWHO|VFKHQ $QUXIHUOLVWHXPVWHOOHQ $QUXIZHLWHUVFKDOWXQJ $QVDJHDUWHLQVWHOOHQ $QVDJHQ ² DQK|UHQ ² DXIQHKPHQ ² O|VFKHQ $Q]DKOGHU5XIW|QHELV$QUXIEHDQWZRUWHU VLFKDQVFKDOWHW $Q]HLJHGHU6WDWLRQV1U $XIVWHOOXQJVRUW $XI]HLFKQXQJVTXDOLWlW $XWRP5XIDQQDKPHHLQDXVVFKDOWHQ $:6 FDOOE\FDOO &(=HLFKHQ &/, 3 ' 'DWXP ² HLQVWHOOHQ 'LUHNWDQVSUHFKHQ 'LUHNWUXIQXPPHU 'LVSOD\DQ]HLJHQ 'UHLHUNRQIHUHQ] 'XUFKZDKO ( (UUHLFKEDUEOHLEHQ ([WHUQH5FNIUDJH ([WHUQJHVSUlFK ) )D[ZHLFKH )HKOHUVXFKH )HUQDEIUDJH ² . RVWHQVSDUHQ )HUQEHGLHQXQJ ² )XQNWLRQVDXIUXIH )ODVK]HLW )UHLJDEHQXPPHUQ * *DUDQWLH *HKHLP]DKO *HUlWHDQVFKOXIU67$ *HVSUlFK ² PLWVFKQHLGHQ *HVSUlFKDQGHU)HVWVWDWLRQPLWK|UHQ ODVVHQ *HVSUlFKDQHLQHPDQGHUHQ+DQGJHUlWPLW K|UHQODVVHQ *HVSUlFKLQWHUQZHLWHUJHEHQ *HVSUlFKZlKUHQG$QUXIEHDQWZRUWHUEH WULHEEHUQHKPHQ *HVSUlFKZHLWHUYHUPLWWHOQ *HVSUlFKVGDXHU$Q]HLJH *HVSUlFKVNRVWHQDQ]HLJH + +$. = +DQGJHUlWLQ%HWULHEQHKPHQ +DQGJHUlWVWXPPVFKDOWHQ +DQGJHUlWH ² DEPHOGHQ ² DQPHOGHQ ² HLQDXVVFKDOWHQ ² 3, 1 +DQGJHUlWHDQDEPHOGHQ +DQGJHUlWH%HUHFKWLJXQJ +DQGJHUlWH3, 1 +LQZHLVW|QH ² HLQDXVVFKDOWHQ +|UHU/DXWVWlUNH ² HLQVWHOOHQ ² YHUlQGHUQ +|UJHUlWH ² 5XIWRQ /LHIHU]XVWDQG 0 0DNHOQ 0DQXHOOHV:HFKVHOQGHU6WDWLRQ 0HORGLH ² 5XIWRQ ² :DUWHPHORGLH 0)9 0LWK|UHQ ² DQGHU)HVWVWDWLRQ ² DQHLQHPDQGHUHQ+DQGJHUlW 0LWK|UHQEHLGHU$XI]HLFKQXQJHLQ DXVVFKDOWHQ 0LWK|UHQZlKUHQGGHU$XI]HLFKQXQJ 1 1DFKULFKWHQ ² DOOHO|VFKHQ ² DOVQHXPDUNLHUHQ ² DQK|UHQ ² $XI]HLFKQXQJVGDXHUHLQVWHOOHQ ² HLQ]HOQO|VFKHQ ² EHUVSULQJHQ ² YRQ%HJLQQZLHGHUKROHQ ² :LHGHUJDEHDQKDOWHQ ² :LHGHUJDEHEHHQGHQ ² :LHGHUJDEHVWDUWHQ ² =HLWDQVDJHHLQDXVVFKDOWHQ 1DFKULFKWHQDQ]HLJHXQG5XIQXPPHU ZlKOHQ 1RWUXIQXPPHU 1RWUXIQXPPHUQ ² HLQJHEHQ ² ZlKOHQ , , PSXOVZDKO , QEHWULHEQDKPH , QIRER[ , QWHUQDQUXIHQ , QWHUQH5FNIUDJH , QWHUQHU6DPPHOUXI , QWHUQJHVSUlFK , :9 . . RVWHQ ² GHILQLHUHQ . RVWHQNRQWUROOLHUHQ . RVWHQO|VFKHQ . RVWHQSUR(LQKHLWIHVWOHJHQ . RVWHQ$Q]HLJH . RVWHQDQ]HLJHQDFK%HOHJHQHLQ DXVVFKDOWHQ . RVWHQIDNWRU . XU]ZDKO ² (LQWUlJHVXFKHQ ² 6SHLFKHU . XU]ZDKO]LHO´µZlKOHQ 3 3DJLQJ 3DXVH]ZLVFKHQGHQ1DFKULFKWHQ 3, 1 ² +DQGJHUlW ² 6\VWHP 3XOVZDKO / /DGH]XVWDQGGHU$NNXV /DXWVWlUNH ² +|UHU 4 4XLWWXQJVW|QH 5 5HF\FOLQJ 5HLFKZHLWH 5FNUXIEHLEHVHW]W ² DNWLYLHUHQ 5XIDQ]DKOIU5XI]XVFKDOWXQJ 5XIWRQ ² 0HORGLH 5XIWRQ/DXWVWlUNH 5XI]XRUGQXQJ ² (UVWUXI, QWHUQ1U ² 5XI]XVFKDOWXQJ ² 6DPPHOUXI 5XKH]XVWDQG 7HOHIRQLHUHQ 7HOHIRQLHUHQPLW0HKUHUHQ 7HOHIRQVSHUUH ² HLQDXVVFKDOWHQ 7HOHIRQVSHUUH'LUHNWUXI 71HW%R[HLQVWHOOHQ 71HW)XQNWLRQ 7RQVHQGHUIXQNWLRQ 7RQZDKO 7UDJHFOLS 8 8KU]HLW ² HLQVWHOOHQ 6 6DPPHOUXI 6HOEVWKLOIH 6HUYLFH 6LFKHUKHLW 6LFKHUKHLWLQEHLGH5LFKWXQJHQ 6SHUU)UHLJDEHQXPPHUQ ² HLQJHEHQ 6SHUUQXPPHUQ 6WDWLRQIUGHQ5HSHDWHU%HWULHE YRUEHUHLWHQ 6WDWLRQVDXVZDKO 6WXPPVFKDOWXQJ 6XPPHQNRQWR ² DEIUDJHQ]XUFNVHW]HQ 6XPPHQNRQWRSUR*HUlWXQG$QVFKOX 6\VWHP3, 1 6\VWHP3, 1HLQJHEHQ 6\VWHPVSHUUH ² HLQDXVVFKDOWHQ 9 9HUELQGXQJRKQH:DKO 9HUELQGXQJ]XP$QUXIEHDQWZRUWHUKHUVWHO OHQWUHQQHQ 9RUZDKO]LIIHUQ : :DKOHLQHU, QWHUQ1UYRQ([WHUQ :lKOHQ ² , QWHUQHH[WHUQH5XIQXPPHU :DKOSDXVH ² IU57DVWH ² IU5XIQXPPHU ² IU9RUZDKO]LIIHUQ :DKOYHUIDKUHQ :DKOYRUEHUHLWXQJ :DKOZLHGHUKROXQJ ² /LVWH :DUWHPHORGLH ² HLQDXVVFKDOWHQ :HFKVHOQ]XHLQHUDQGHUHQ6WDWLRQ :LHGHUJDEHODXWVWlUNHlQGHUQ 7 7DVFKHQJHOGNRQWR ² %HWUDJHLQJHEHQ ² HLQDXVVFKDOWHQ 7DVWHQNOLFN 7DVWHQNOLFN)HVWVWDWLRQ 7DVWHQVFKXW]HLQDXVVFKDOWHQ 7HFKQLVFKH'DWHQ 7HOHIRQDQVFKOLHHQ 7HOHIRQHLQVWHOOHQ 7HOHIRQDQODJH = =HLFKHQ6\PEROHLP'LVSOD\ =ZHLWHV*HVSUlFKDEZHLVHQDQQHKPHQ +HUDXVJHEHU 'HXWVFKH7HOHNRP$*%RQQ bQGHUXQJHQYRUEHKDOWHQ 0DW1U 61U$*$ 6WDQG0lU] [. . . ] [. . . ]

HAFTUNGSAUSSCHLUSS FÜR DEN DOWNLOAD VON GEBRAUCHSANLEITUNG T-COM SINUS 45 AB

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 T-COM SINUS 45 AB startet dann.

Suchen Sie nach einem Bedienungsanleitung

 

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

flag