%DFN]HLWFD0LQXWHQ7HPSHUDWXU&1DFKGHP%DFN
YRUJDQJ6DODWEOlWWHUXQGGLH]ZHLWH%U|WFKHQKlOIWHGUDXÀHJHQ
.DUWRIIHOJUDWLQ
.DUWRIIHOQNRFKHQVFKlOHQXQGLQFDPPGLFNH6FKHLEHQVFKQHLGHQ
.DUWRIIHOVFKHLEHQDXI%DFNEOHFKOHJHQPLW6DO]XQG3IHIIHUZU]HQXQG
PLW6DKQHXQGJHULHEHQHP.lVH%HDXIRUWEHGHFNHQ
%DFN]HLWFD0LQXWHQ7HPSHUDWXU&
*RUJRQ]ROD7RDVW
$SULNRVHQLQ6FKHLEHQVFKQHLGHQ6FKHLEH9ROONRUQEURWPLW
+lKQFKHQEUXVW¿OHWXQGGHQ$SULNRVHQVWFNHQEHOHJHQ*RUJRQ]ROD
GDUDXIOHJHQXQGGDV%URWDXIGDV%DFNEOHFKOHJHQ%DFN]HLWFD
0LQXWHQ7HPSHUDWXU&
&KDPSLJQRQ2PHOHWW
J%XWWHULP%DFNEOHFKVFKPHO]HQODVVHQXQGGQQJHVFKQLWWHQH
&KDPSLJQRQVFD0LQXWHQJROGEUDXQDQEUDWHQ(LHUPLWFD
(VVO|IIHO0LOFKHWZDV6DO]XQG3IHIIHUYHUTXLUOHQXQGEHUGLH
&KDPSLJQRQVJLHHQ%DFN]HLWFD0LQXWHQ7HPSHUDWXU&
hEHUEDFNHQH7RPDWHQ
7RPDWHQKDOELHUHQXQGPLWGHUgIIQXQJQDFKREHQDXIGDV
%DFNEOHFKOHJHQ0LW6DO]3IHIIHUXQG.QREODXFKZU]HQXQGHLQHU
0LVFKXQJDXV3HWHUVLOLHXQG3DQLHUPHKOEHGHFNHQ%DFN]HLW
FD0LQXWHQ7HPSHUDWXU&
3UREOHPO|VXQJHQ
6ROOWH,KU*HUlWHLQPDOQLFKWZLHJHZQVFKWIXQNWLRQLHUHQJHKHQ6LHELWWH
HUVWGLHVH&KHFNOLVWHGXUFK9LHOOHLFKWLVWHVQXUHLQNOHLQHV3UREOHPGDV
6LHVHOEVWEHKHEHQN|QQHQ
6WURPVFKODJJHIDKU
9HUVXFKHQ6LHDXINHLQHQ)DOOGDV*HUlWVHOEVWVWlQGLJ]XUHSD
ULHUHQhEHUODVVHQ6LHMHJOLFKH5HSDUDWXUHQHLQHU)DFKZHUNVWDWW
)HKOHU 0|JOLFKH8UVDFKHQ$EKLOIH
*HULFKWQLFKWDXIJHWDXWRGHUJDU hEHUSUIHQ6LHREGLHJHZlKOWH
=HLWGLH7HPSHUDWXUXQGRGHUGLH
:DKOGHU+HL]HOHPHQWH8QWHU
2EHUKLW]HYHUEHVVHUWZHUGHQ
N|QQHQ
.HLQH)XQNWLRQ%HWULHEVNRQWUROO
OHXFKWHOHXFKWHWQLFKW
hEHUSUIHQ6LH]%PLWHLQHP
DQGHUHQ9HUEUDXFKHUGLH)XQNWLRQ
GHUYHUZHQGHWHQ6WHFNGRVH
,VWHLQH=HLW7,0(5DXVJHZlKOW
XQGHLQJHVWHOOW"=HLWHLQVWHOOHQ
5DXFKHQWZLFNOXQJLP%HWULHE .UPHOVFKXEODGHHQWOHHUWXQG
JHUHLQLJW"
*HUlWDEVFKDOWHQXQGQDFKGHP
$ENKOHQUHLQLJHQ
%DFNJXWOlXIWEHUXQGWURSIWDXI
GLH+HL]HOHPHQWH
%DFNJXWDXIGDV%DFNEOHFKOHJHQ
%HWULHEVNRQWUROO/HXFKWHOHXFKWHW
DEHU*HUlWKHL]WQLFKWDXI
9HUPXWOLFKKDWGHUhEHUKLW]XQJV
VFKXW]DXVJHO|VW'DV*HUlW
LVWRKQH5HSDUDWXUQLFKWPHKU
JHEUDXFKVIlKLJ5HSDUDWXUGXUFK
GDV6HUYLFH&HQWHUYRUQHKPHQ
ODVVHQ