■ XQD DEHUWXUD HQ OD SDUWH VXSHULRU GH OD SDUHG WUDVHUD GHO PXHEOH
ILJXUD E
■ HQHOFDVRGHQRWHQHUXQDVHSDUDFLyQPtQLPDGH PPHQOD
SDUWHWUDVHUDGHOPXHEOHVHGHEHUiUHDOL]DUXQDDEHUWXUDHQOD
SDUWHLQIHULRUGHOPLVPR ILJXUD F
1RWDV
■ 6LHODSDUDWRVHLQVWDODHQLVODXRWURWLSRGHLQVWDODFLyQQR
GHVFULWD HV LPSUHVFLQGLEOH DVHJXUDU OD FRUUHFWD YHQWLODFLyQ GH OD
SODFDGHFRFFLyQ
■ 1RFHUUDUHO]yFDORLQIHULRUKHUPpWLFDPHQWH
+XHFRVGHHQFDVWUHSDUDORVPDQGRVGHFRQWURO
5HDOL]DUHOKXHFRGHHQFDVWUHSDUDHOPDQGRGHFRQWUROGH
DFXHUGRDODVLQVWUXFFLRQHVDGMXQWDV
*URVRUGHODVPDQGRVGHDOPHQRV PP
3RVLEOHVYDULDQWHVGHPRQWDMH
■ 0RQWDMHHQODSDUWHGHODQWHUDGHOPXHEOHLQIHULRU
■ 0RQWDMHHQHQFLPHUDMXQWRDOHOHFWURGRPpVWLFR
■ 0RQWDMHHQHQFLPHUDGHODQWHGHOHOHFWURGRPpVWLFR
&UHDUXQRULILFLRGH PPSDUDODILMDFLyQGHORVPDQGRVGH
FRQWURO
3DUDJURVRUHVGHPDQGRVPD\RUHVGH PPKDFHUXQD
HQWDOODGXUDHQODSDUWHSRVWHULRUSDUDODFKDSDGHVXMHFLyQ
(QHORULILFLRGHODHQFLPHUDVHOODUODVVXSHUILFLHVGHFRUWHFRQ
PDWHULDOUHVLVWHQWHDOFDORU\DODJXD
,QVWDODUHODSDUDWRILJXUDV
1RWD 8VDUJXDQWHVGHSURWHFFLyQDOLQVWDODUODSODFD/DV
VXSHUILFLHVQRYLVLEOHVSXHGHQWHQHUDULVWDVFRUWDQWHV
(QDSDUDWRVVLQFDEOHSUHPRQWDGRFRORFDUHOFDEOHGH
DOLPHQWDFLyQHQODFDMDGHFRQH[LyQ
'DUODYXHOWDDODSODFDGHFRFFLyQ\FRORFDUODVREUHODPLVPD
EDVHGHOHPEDODMHVREUHXQSDxRRVXSHUILFLHDSWDSDUDHYLWDU
UD\DGXUDV
/HYDQWDUODWDSDGHODFDMDGHFRQH[LyQFRQD\XGDGHXQ
GHVWRUQLOODGRU ILJXUD
4XLWDU HO WRUQLOOR GH VXMHFLyQ \ OHYDQWDU OD DEUD]DGHUD FRQ D\XGD
GHXQGHVWRUQLOODGRU ILJXUD
&RQHFWDU H[FOXVLYDPHQWH VHJ~Q HO HVTXHPD GH FRQH[LRQDGR GH
ODFDMDGHFRQH[LyQ ILJXUD
%10DUUyQ
%8$]XO
*1<(9HUGH\DPDULOOR
%.1HJUR
*<*ULV
1RWDV
■ 6LVHUHDOL]DODFRQH[LyQGHDFXHUGRDOHVTXHPD/1aVH
GHEHUiPRGLILFDUODGLVSRVLFLyQGHORVSXHQWHVVLJXLHQGRHO
HVTXHPDGHFRQH[LyQ
■ $VHJXUHVH GH TXH ORV WRUQLOORV GH OD FDMD GH FRQH[LyQ TXHGHQ
DSUHWDGRVGHVSXpVGHUHDOL]DUODFRQH[LyQGHORVFDEOHV
)LMDUHOFDEOHGHDOLPHQWDFLyQFRQODDEUD]DGHUD\FRORFDUHO
WRUQLOORGHVXMHFLyQ ILJXUD D
&HUUDUODWDSDGHODFDMDGHFRQH[LyQ
1RWD $ORMDU DGHFXDGDPHQWH ORV FDEOHV HQ OD ]RQD FHQWUDO GH OD
FDMDGHFRQH[LyQSDUDIDFLOLWDUHOFLHUUH
(Q HO FDVR GH TXH HO FDEOH GH DOLPHQWDFLyQ LQWHUILHUD FRQ HO FDMyQ
ILMDU HO FDEOH FRQ OD EULGD DGMXQWD D OD EDVH GH OD SODFD GH FRFFLyQ
ILJXUD E
1RWD (QFDVRGHQHFHVLWDUXQFDEOHGHPD\RUORQJLWXGFRQWDFWH
FRQHO6HUYLFLRGH$VLVWHQFLD7pFQLFD'LVSRQLEOHKDVWD P
0RQWDUHOPDQGRGHFRQWURO
1RWD 3UHVWDUDWHQFLyQDODVLQVWUXFFLRQHVGHPRQWDMHGHORV
PDQGRVGHFRQWUROTXHVHDGMXQWDQ
0RQWDMH
'HSHQGLHQGRGHODGLVWDQFLDHQWUHORVPDQGRVGHFRQWUROHQ
FDVRGHVHUQHFHVDULRUDVJDUODFKDSDGHVXMHFLyQSRUOD
SHUIRUDFLyQ 6XMHWDU OD FKDSD GH VXMHFLyQ HQ OD SDUWH SRVWHULRU GHO
FXDGURGHPDQGRVRHQODSDUWHLQIHULRUGHODHQFLPHUDRILMDUOD
FRQORVWRUQLOORVDGMXQWRV
$OPRQWDUXQ~QLFRPDQGRGHFRQWURORFXDQGRODFKDSDGH
VXMHFLyQ VH KD UDVJDGR SRU OD SHUIRUDFLyQ DVHJXUDU FDGD XQD GH
ODVFKDSDVGHVXMHFLyQFRQWRUQLOORVSDUDHYLWDUTXHVH
PXHYDQ
6LODHQFLPHUDHVGHSLHGUDSHJDUODFKDSDGHVXMHFLyQFRQ
SHJDPHQWR UHVLVWHQWH DO FDORU GH GRV FRPSRQHQWHV PHWDO VREUH
SLHGUD
5HWLUDUODOiPLQDSURWHFWRUDGHODSDUWHWUDVHUDGHODQLOOR
OXPLQRVR
,QWURGXFLU HO PDQGR GH FRQWURO HQ HO RULILFLR \ DWRUQLOODU HQ OD SDUWH
SRVWHULRUODWXHUFDFRQODD\XGDSDUDODLQVWDODFLyQDGMXQWD
&RQHFWDUWRGRVORVPDQGRVGHFRQWUROFRQORVFDEOHVFRUWRV
DGMXQWRV/DVFODYLMDVWLHQHQTXHHQFDMDUHQODVWRPDV
1RWD /DVGRVWRPDVSDUDFDEOHVGHOPDQGRGHFRQWUROVRQ
LGpQWLFDV
,QWURGXFLUHQXQRGHORVPDQGRVGHFRQWUROHOFDEOHPiVODUJR
SDUDODFRQH[LyQFRQHOHOHFWURGRPpVWLFR/DFODYLMDWLHQHTXH
HQFDMDUHQODWRPD
1RWD (OHOHFWURGRPpVWLFRSXHGHFRQHFWDUVHFRQFXDOTXLHU
PDQGRGHFRQWURO
'HVSXpVGHOPRQWDMHFRPSUREDUTXHWRGDVODVFRQH[LRQHV
HVWpQELHQDVHQWDGDV
8QDYH]UHDOL]DGRHOPRQWDMHILMDUWRGRVORVFDEOHVGREODQGROD
OHQJHWDHQODFKDSDGHVXMHFLyQ
&RQHFWDUHOPDQGRGHFRQWURODODSODFDGHFRFFLyQILJXUD
&RQHFWDUHOFDEOHGHOPDQGRGHFRQWURODODWRPDGHFRQH[LyQGH
ODSODFDGHFRFFLyQ&RPSUREDUTXHHOFRQHFWRUTXHGD
SHUIHFWDPHQWHHQFODYDGR
/RVFDEOHVGHEHQFRORFDUVHGHPDQHUDTXHQRWRTXHQSDUWHV
FDOLHQWHVGHODSODFDGHFRFFLyQRGHOKRUQR\QRGHEHQTXHGDU
DFFHVLEOHVXQDYH]LQVWDODGDODSODFDGHFRFFLyQSDUDHOORVH
GHEHLQVWDODUXQVRSRUWHLQWHUPHGLR ILJXUD
&RORFDUODSODFDGHFRFFLyQILJXUD
,QWURGXFLUHODSDUDWRXQLIRUPHPHQWHHQHOUHFRUWH ILJXUD D
² 1RDSULVLRQDUHOFDEOHGHDOLPHQWDFLyQQLSDVDUORSRUERUGHV
DILODGRV6LKD\XQKRUQRPRQWDGRGHEDMRSDVDUHOFDEOHSRU
ODVHVTXLQDVWUDVHUDVGHOKRUQR'HEHFRORFDUVHGHPDQHUD
TXHQRWRTXHSDUWHVFDOLHQWHVGHODSODFDGHFRFFLyQRGHO
KRUQR
² (QHQFLPHUDVDOLFDWDGDVVHOODUODVMXQWDVHQWUHORVD]XOHMRV
FRQFDXFKRGHVLOLFRQD
6ROR SDUD HO PRQWDMH D UDV GH VXSHUILFLH ILJXUD E £$QWHV
GHOVHOODGRFRQMXQWDKDGHUHDOL]DUQHFHVDULDPHQWHXQD
SUXHEDGHIXQFLRQDPLHQWR 5HMXQWHODVHSDUDFLyQSHULPpWULFD
XWLOL]DQGRVLOLFRQDDGHFXDGD\WHUPRUUHVLVWHQWH
S HM 27726($/
6 $OLVHODMXQWDGHKHUPHWL]DGRFRQHO
SURGXFWR GH DOLVDGR UHFRPHQGDGR SRU HO IDEULFDQWH 2EVHUYH ODV
LQGLFDFLRQHVGHODVLOLFRQD1RSRQJDHQPDUFKDHODSDUDWR
KDVWDTXHODVLOLFRQDHVWpFRPSOHWDPHQWHVHFDFRPRPtQLPR
KRUDVGHSHQGLHQGRGHODWHPSHUDWXUDDPELHQWH
£$WHQFLyQ
(OXVRGHVLOLFRQDLQDGHFXDGDSURYRFDFDPELRVGHFRORU
SHUPDQHQWHVHQODVHQFLPHUDVGHPiUPROQDWXUDO
&RQHFWDUHODSDUDWRDODUHGHOpFWULFDILJXUD
■ 7HQVLyQYHUSODFDGHFDUDFWHUtVWLFDV
■ &RQHFWDUH[FOXVLYDPHQWHVHJ~QHOHVTXHPDGHFRQH[LyQ
%10DUUyQ
%8$]XO
*1<(9HUGH\DPDULOOR
%.1HJUR
*<*ULV
■ 6HJ~QHOWLSRGHFRQH[LyQSXHGHVHUQHFHVDULRPRGLILFDUOD
GLVSRVLFLyQGHORVWHUPLQDOHVVXPLQLVWUDGRVSRUIiEULFD3DUD
HOORVHUiQHFHVDULRFRUWDUORVWHUPLQDOHV\HOLPLQDUHODLVODQWH
QHFHVDULRSDUDFRORFDUXQWHUPLQDOTXHXQDGRVFDEOHV
1RWD &RPSUREDUHOIXQFLRQDPLHQWRVLHQHOSDQHOLQGLFDGRUGHO
DSDUDWRDSDUHFH
—…‹‹ “‹†‚„ y “VLJQLILFDTXHHVWiPDO
FRQHFWDGR'HVFRQHFWDUHODSDUDWRGHODUHG\FRPSUREDUOD
LQVWDODFLyQGHOFDEOHGHDOLPHQWDFLyQHQODFDMDGHFRQH[LyQ\HQ
ODUHGHOpFWULFD
'HVPRQWDUHODSDUDWR
'HVFRQHFWDUHODSDUDWRGHODUHGHOpFWULFD
: £5LHVJRGHGHVFDUJDHOpFWULFD
$OGHVFRQHFWDUHODSDUDWRGHODUHGHOpFWULFDHVWHSXHGHTXHGDU
FDUJDGRHQVXVERUQDV/DFRQH[LyQHOpFWULFDHVWiVRORSHUPLWLGD
SRUXQWpFQLFRHVSHFLDOLVWDDXWRUL]DGR
(QORVDSDUDWRVPRQWDGRVDUDVGHVXSHUILFLHUHWLUDUODMXQWDGH
VLOLFRQD([WUDHUHODSDUDWRSUHVLRQDQGRGHVGHDEDMR
£$WHQFLyQ
£'DxRVHQHODSDUDWR1RLQWHQWHH[WUDHUHODSDUDWRKDFLHQGR
SDODQFDGHVGHDUULED