Panasonic TX21PZ1D Operating instrustions

VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D
7 O YLVHXU FRXOHXU
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D
0RGH G HPSORL
QDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQD
VRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVR
QLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQL
)UDQ˜DLV
Fk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk
3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3DQDVRQLFk3D
74%('0
QDVRQLFk3DQDVRQLF
7; 3='
%,(19(18(
&KHU FOLHQW 3DQDVRQLF
%LHQYHQXH GDQV OD IDPLOOH GHV XWLOLVDWHXUV GH SURGXLWV 3DQDVRQLF 1RXV HVS URQV TXH
FH W O YLVHXU FRXOHXU YRXV SURFXUHUD GHV DQQ HV GH MRLH &HW DSSDUHLO WDQW
H[WUûPHPHQW VRSKLVWLTX QRXV YRXV UHFRPPDQGRQV GH YRXV UHSRUWHU WRXW G DERUG DX
JXLGH GH PLVH HQ URXWH UDSLGH DYDQW GH SUHQGUH FRQQDLVVDQFH GX PRGH G HPSORL
FRPSOHW TXH YRXV GHYUH] FRQVHUYHU VRLJQHXVHPHQW GHV ILQV GH U I UHQFH XOW ULHXUH
7$%/( '(6 0$7,(5(6
$YHUWLVVHPHQWV HW SU FDXWLRQV 5 JODJH 5 JODJH PDQXHO $FFHVVRLUHV &KDQJHPHQW GHV SRVLWLRQV
GH SURJUDPPH *XLGH GH PLVH HQ URXWH UDSLGH &RPPDQGHV SULQFLSDOHV $UEUH GX SURJUDPPH 8WLOLVHU OHV PHQXV VXU FUDQ $MXVWDJH GX IRUPDW GH O LPDJH 0HQX 3ULQFLSDO ,PDJH 6RQ 6 OHFWLRQ HW FRQILJXUDWLRQ $9 )RQFWLRQ 0DJQ WRVFRSH /HFWHXU
GH YLG RGLVTXH '9' '9'5 )RQFWLRQ 7 O WH[WH &RQQH[LRQV DXGLR YLG R )LFKHV IURQWDOHV 3ULVHV DUULýUH &RQILJXUDWLRQ %URFKDJH GHV SULVHV 3(5,7(/ /DQJXHV 26' ,QIRUPDWLRQV JHQHUDOHV 5 JODJH 'LDJQRVWLF GHV SDQQHV 5 JODJH $73 5HFKHUFKH DXWR &DUDFW ULVWLTXHV $9(57,66(0(176 (7 35þ&$87,216
- &H W O YLVHXU HVW FRQ˜X SRXU IRQFWLRQQHU VXU XQ U VHDX GH 9 $& +]
- 1 H[SRVH] MDPDLV OH W O YLVHXU OD SOXLH RX XQH VRXUFH G KXPLGLW H[FHVVLYH GHV FKRFV
OHFWULTXHV RX PûPH XQ ULVTXH G LQFHQGLH SRXUUDLW HQ U VXOWHU HW HQGRPPDJHU O DSSDUHLO 1H
MDPDLV H[SRVHU FH W O YLVHXU GHV FODERXVVXUHV RX GHV JRXWWHV G HDX 1H MDPDLV SRVHU G REMHWV
UHPSOLV GH OLTXLGH FRPPH GHV YDVHV VXU OH W O YLVHXU RX DXGHVVXV GH FH GHUQLHU
1 $77(17,21 +$87( 7(16,21 1H UHWLUH] MDPDLV OH FRXYHUFOH DUULýUH SRXU QH SDV ODLVVHU VDQV SURWHFWLRQ OHV SLýFHV VRXV WHQVLRQ /H
W O YLVHXU QH FRQWLHQW DXFXQH SLýFH LQWHUQH U SDUDEOH SDU O XWLOLVDWHXU
- (YLWH] G H[SRVHU OH W O YLVHXU GLUHFWHPHQW DX[ UD\RQV GX VROHLO RX WRXWH DXWUH VRXUFH GH FKDOHXU
3RXU YLWHU OHV ULVTXHV G LQFHQGLH QH MDPDLV SRVHU XQH ERXJLH RX DXWUH REMHW FRQWHQDQW XQH
IODPPH VXU OH W O YLVHXU RX D SUR[LPLW GH FH GHUQLHU
- $VVXUH] YRXV XQ DFFýV IDFLOH OD SULVH GX F EOH G DOLPHQWDWLRQ
- / LQWHUUXSWHXU PDUFKHDUUûW
GH FH PRGýOH QH G FRQQHFWH SDV WRWDOHPHQW OH W O YLVHXU GH
O DOLPHQWDWLRQ VHFWHXU ' EUDQFKH] OD ILFKH GH OD SULVH PXUDOH VL OH W O YLVHXU QH GRLW SDV ûWUH XWLOLV
SHQGDQW XQH S ULRGH GH WHPSV SURORQJ H
- $SUýV OD PLVH HQ VHUYLFH GX FRPPXWDWHXU SULQFLSDO OH W O YLVHXU VH PHW DX U JLPH VWDQGE\ SUûW
RX HQ PDUFKH &HOD G SHQG GH OD GHUQLýUH FRQILJXUDWLRQ GH SRVLWLRQ HQ P PRLUH DYDQW
O LQWHUUXSWLRQ
&HOD VLJQLILH TXH VL YRXV LQWHUURPSH] OH FRPPXWDWHXU GH U VHDX DX U JLPH VWDQGE\ SUûW OH
W O YLVHXU VH UHWURXYH DSUýV OD PLVH HQ VHUYLFH DX U JLPH VWDQGE\ SUûW
6L YRXV LQWHUURPSH] OH FRPPXWDWHXU GH U VHDX SHQGDQW OD PDUFKH GX W O YLVHXU LO VH UHWURXYH
DSUýV OD PLVH HQ VHUYLFH DX U JLPH GH PDUFKH
1 (175(7,(1 '( / þ%þ1,67(5,( (7 '8 78%( &$7+2',48(
' EUDQFKH] OD ILFKH GH OD SULVH PXUDOH 1HWWR\H] O E QLVWHULH HW OH WXEH FDWKRGLTXH O DLGH G XQ
FKLIIRQ GRX[ O JýUHPHQW KXPLGH HW G XQ G WHUJHQW QRQ DEUDVLI 1 XWLOLVH] SDV GH SURGXLWV GH
QHWWR\DJH EDVH GH EHQ]RO RX GH S WUROH 0DQLSXOH] O FUDQ GX W O YLVHXU DYHF VRLQ FDU FHOXLFL SHXW
SURGXLUH GH O OHFWULFLW VWDWLTXH
- 8QH YHQWLODWLRQ VXIILVDQWH GRLW ûWUH SU YXH DILQ G YLWHU XQH YHQWXHOOH G W ULRUDWLRQ GHV
FRPSRVDQWV OHFWURQLTXHV ,O IDXW SU YRLU DX PRLQV XQ HVSDFH GH FP WRXW DXWRXU GX W O YLVHXU
PûPH VL FHOXLFL HVW SODF GDQV XQ PHXEOH RX HQWUH GHV WDJýUHV
- O HVW LQWHUGLW G HPSûFKHU OD YHQWLODWLRQ HQ FRXYUDQW OHV JULOOHV G D UDWLRQ DYHF GHV REMHWV FRPPH
MRXUQDX[ QDSSHV RX ULGHDX[
1 /,48,'$7,21 þ&2/2*,48( '(6 'þ&+(76
1H MHWH] SDV OHV EDWWHULHV OHV HPEDOODJHV HW OHV YLHX[ DSSDUHLOV DYHF OHV RUGXUHV
P QDJýUHV PDLV WULH] OHV VHORQ OD O JLVODWLRQ HQ YLJXHXU
$&&(662,5(6
9 ULILH] TXH YRXV GLVSRVH] ELHQ GHV DFFHVVRLUHV VXLYDQWV
T
0RGH G HPSORL
*DUDQWLF 3DQ (XURS HQQH
3LOHV SRXU W O FRPPDQGH
[ 5 80
7 O FRPPDQGH (85 3LOHV SRXU W O FRPPDQGH
-
$VVXUH]YRXV TXH OHV SLOHV VRQW
FRUUHFWHPHQW LQVWDOO HV
- 1H P ODQJH] SDV SLOHV QHXYHV HW SLOHV
XV HV 5HWLUH] LPP GLDWHPHQW OHV SLOHV
XV HV
- 1 XWLOLVH] SDV GH SLOHV GH W\SHV
GLII UHQWV S H[ GHV SLOHV DOFDOLQHV HW DX
PDQJDQýVH HW Q XWLOLVH] SDV GH SLOHV
UHFKDUJHDEOHV 1L&G 1L0+ *8,'( '( 0,6( (1 5287( 5$3,'(
5DFFRUGH] O DQWHQQH HW EUDQFKH] O TXLSHPHQW DX[LOLDLUH
5 FHSWHXU VDWHOOLWH
$9
$9
28
$9
9&5 '9'5
$9
$OOXPH] OHV SRVWHV EUDQFK V
*8,'( '( 0,6( (1 5287( 5$3,'(
6 OHFWLRQQH] YRWUH ODQJXH
$SSX\H] VXU OD WRXFKH 2.
6 OHFWLRQQH] YRWUH SD\V
$SSX\H] VXU OD WRXFKH /D FRQILJXUDWLRQ VH IDLW DXWRPDWLTXHPHQW YRV FKDñQHV
VRQW LGHQWLIL HV P PRULV HV HW DUUDQJ HV
7HUPLQDLVRQ GH OD V TXHQFH $73 DSSX\H] VXU OD WRXFKH 79$9
&KDQJHPHQW GH FKDñQH
5 JODJH GX YROXPH
79$9
&200$1'(6 35,1&,3$/(6 )$—$'( (7 7þ/þ&200$1'(
$OLPHQWDWLRQ
6(&7(85 ERXWRQ
0DUFKH$UUûW
SDJH 7 PRLQ URXJH G WDW GH YHLOOH 8WLOLVH] OH
ERXWRQ 9HLOOH RX OHV WRXFKHV SRXU
DOOXPHU OH W O YLVHXU
675 P PRULVDWLRQ QRUPDOLV H 3HUPHW GH
P PRULVHU OHV SDUDPýWUHV GH U JODJH GHV
IRQFWLRQV
) V OHFWLRQ GHV IRQFWLRQV
$IILFKDJH GHV IRQFWLRQV VXU O FUDQ XWLOLVHU GH
ID˜RQ U S W H SRXU V OHFWLRQQHU OHV IRQFWLRQV 9ROXPH &RQWUDVWH /XPLQRVLW &RXOHXU
1HWWHW 7HLQWH HQ PRGH 176& *UDYHV
$LJXùV %DODQFH HW PRGH &RQILJXUDWLRQ
7RXFKH 0$5&+($55ú7 G WDW GH
YHLOOH
0LVH O WDW GH YHLOOH GX W O YLVHXU
7RXFKH (WDW
$SSX\H] SRXU REWHQLU O DIILFKDJH GH OD
SRVLWLRQ GX SURJUDPPH GX QRP GX
SURJUDPPH GX QXP UR GH FDQDO GX
V\VWýPH 79 GH O KHXUH HW GX PRGH
VW U R
7RXFKH GH FRPPDQGH $VSHFW SDJH 1RXV XWLOLVRQV OD WRXFKH 2. SRXU
HQUHJLVWUHU HW FRQILUPHU OD
V\QWRQLVDWLRQ OD IRQFWLRQ 26' HW
DXWUHV U JODJHV
7RXFKH GH PHQX
3RXU DFF GHU DX[ PHQXV ,PDJH 6RQ
HW &RQILJXUDWLRQ SDJH 7RXFKHV 7 O WH[WH SDJH $FFýV GLUHFW DX[ FDQDX[ SHQGDQW
O XWLOLVDWLRQ QRUPDOH GX W O YLVHXU RX
SDUWLU GHV PHQXV 5 JODJH RX
&RQILJXUDWLRQ PDQXHOOH DSSX\H] HW
HQWUH] OH FDQDO YRXOX O DLGH GHV
WRXFKHV QXP ULTXHV
7RXFKHV PDJQ WRVFRSH /HFWHXU GH
GLVTXHV '9' SDJH 3ULVH
FDVTXH SDJH 3ULVHV DXGLRYLG R
5&$ SDJH &RPPXWDWHXU 79$9 SDJH $XJPHQWH RX GLPLQXH OD SRVLWLRQ GH
SURJUDPPH G XQH XQLW /RUVTX XQH
IRQFWLRQ HVW G M DIILFK H DSSX\H] SRXU
DXJPHQWHU RX GLPLQXHU G XQH XQLW OD
IRQFWLRQ V OHFWLRQQ H
7RXFKH 0DUFKH$UUûW G HIIHW
$PELDQFH
&RXSXUH GX VRQ
7HPSRULVDWHXU GH O DUUûW LO
DUUûWH OH W O YLVHXU HQ WHPSV
FRQVLJQ GH PLQXWHV
DYHF OHV LQWHUYDOOHV GH PLQXWHV
%RXWRQ 1 QRUPDOLVHU
5HPHW WRXWHV OHV YDOHXUV OHXU
QLYHDX SDU G IDXW
&XUVHXUV SHUPHWWDQW OHV
V OHFWLRQV HW U JODJHV
6 OHFWLRQ HQWUH PRGHV
W O YLVHXU HW HQWU H
$XGLR9LG R SDJH 7RXFKHV GH FRXOHXU SRXU
)RQFWLRQV 7 O WH[WH SDJH 6 OHFWLRQ $9 SDJH 7RXFKHV GH FKDQJHPHQW GH
SURJUDPPHFKDñQH HW
WRXFKH 7 O WH[WH SDJH 6 OHFWLRQ GHV FKDñQHV GHX[
FKLIIUHV O DLGH GHV
WRXFKHV QXP ULTXHV
$SSX\H] VXU OH ERXWRQ & HW
SRXU OH FKRL[ GLUHFW GX
FDQDO GDQV OH K\SHUEDQG
$5%5( '8 352*5$00(
0(18
,PDJH
5HFKHUFKH DXWR
0RGH ,PDJH
&RQWUDVWH
/XPLQRVLWp
&RXOHXU
1HWWHWp
7HLQWH SRXU 176&
315
$WWHQWLRQ
3D\V
5pJODJH
0HQX
SULQFLSDO
0RGH ,PDJH
,PDJH
6RQ
&RQILJXUDLRQ
6RQ
9ROXPH
*UDYH
$LJX
%DODQFH
03;
0RGH
$PELDQFH
5HFKHUFKH DXWR
5pJODJH PDQXHO
6\VWqPH 79
5pJODJH ILQ
&KDQJHU
6\VWqPH FRXOHXU
&RUUHFWLRQ YROXPH
%ORTXHU
'HXWVFKODQG
gVWHUUHLFK
)UDQFH
,WDOLD
1HGHUODQG
(VSDxD
%HOJLTXH
6XLVVH
(8
5pJODJH PDQXHO
&KDQJHU
3URJ
DYHF
3URJ
&RQILJXUDWLRQ
$63(&7
6RUW $9
7pOpWH[WH
0LQXWHULH YHLOOH
6\VWqPH FRXOHXU
$9
&RUUHFWLRQ YROXPH
$9
/DQJXH GH WH[WH
5pJODJH 79
/DQJXHV 26'
)RUPDW GH O¶LPDJH
/DQJXHV 26'
'HXWVFK
(QJOLVK
)UDQoDLV
,WDOLDQR
(//+1,.$
(VSDxRO
1RUVN
'DQVN
6YHQVND
1HGHUODQGV
6XRPL
7UNoH
3RUWXJXrV
87,/,6(5 /(6 0(186 685 (&5$1
&H W O YLVHXU HVW TXLS G XQ V\VWýPH YROX GH PHQXV DIILFKDJH VXU FUDQ
TXL YRXV SHUPHWWHQW G DFF GHU DX[ U JODJHV HW DX[ RSWLRQV
5HYHQLU
7LWUH GX PHQX
6RXVPHQXV
š
2. ›
&KRLVLU
,QVWUXFWLRQV
$FFpGHU
6RUWLU
&RQILJXUDWLRQ
6RUW $9
79
7pOpWH[WH
723
0LQXWHULH YHLOOH 1RQ
/DQJXH GH WH[WH 2XHVW
5pJODJH
$FFpGHU
/DQJXHV 26'
5pJODJH
5HFKHUFKH DXWR
5pJODJH PDQXHO
6\VWqPH 79
6&
5pJODJH ILQ
&KDQJHU
6\VWqPH FRXOHXU
$872
&RUUHFWLRQ YROXPH
%ORTXHU
1RQ
%DUUH GH V OHFWLRQ
,QGLFDWHXU G RSWLRQ
&HUWDLQHV RSWLRQV FRPPH &RQWUDVWH /XPLQRVLW &RXOHXU HW 1HWWHW SHUPHWWHQW G DXJPHQWHU
RX GH U GXLUH OH QLYHDX
&HUWDLQHV RSWLRQV FRPPH O RSWLRQ 0LQXWHULH YHLOOH YRXV GHPDQGHQW GH IDLUH XQ FKRL[
&HUWDLQHV RSWLRQV FRPPH OH PHQX &RQILJXUDWLRQ FRQGXLVHQW XQ DXWUH PHQX
0(18
/D WRXFKH 0(18 HVW XWLOLV SRXU RXYULU OH PHQX SULQFLSDO HW DXVVL SRXU UHWRXUQHU GDQV
OH PHQX SU F GHQW
/HV WRXFKHV GH FXUVHXU KDXW HW EDV SHUPHWWHQW GH G SODFHU OH FXUVHXU YHUWLFDOHPHQW
VXU OHV PHQXV
/HV FXUVHXUV JDXFKH HW GURLW SHUPHWWHQW G DFF GHU DX[ PHQXV G DMXVWHU OHV QLYHDX[
RX GH V OHFWLRQQHU OHV GLII UHQWHV RSWLRQV
1RXV XWLOLVRQV OD WRXFKH 2. SRXU HQUHJLVWUHU HW FRQILUPHU OD V\QWRQLVDWLRQ OD
IRQFWLRQ 26' HW DXWUHV U JODJHV
/D WRXFKH 79$9 SHUPHW GH VRUWLU GX V\VWýPH GH PHQX HW GH UHYHQLU O FUDQ
79 QRUPDO
%RXWRQ 1 QRUPDOLVHU 5HPHW WRXWHV OHV YDOHXUV OHXU QLYHDX SDU G IDXW
79$9
1
$-867$*( '8 )250$7 '( / ,0$*(
$SSX\H] VXU OD WRXFKH $63(&7 SRXU SDUFRXULU OH PHQX GH GHX[ RSWLRQV G DVSHFW HW DIILFKHUD XQH LPDJH VRXV VRQ
IRUPDW
QRUPDO
9RXV
SRXYH]
V OHFWLRQQHU FHWWH RSWLRQ VL YRXV G VLUH]
YRLU O LPDJH GDQV FH IRUPDW
DIILFKHUD XQH LPDJH VRXV VRQ
IRUPDW QRUPDO 9RXV SRXYH] V OHFWLRQHU
FHWWH RSWLRQ VL YRXV G VLUH] YRLU O LPDJH
VRXV FH IRUPDW
$63(&7
0(18 35,1&,3$/
&H PHQX YRXV SHUPHW G HQWUHU GDQV OH 0RGH ,PDJHV GDQV OH 0HQX LPDJH HW
VRQ HW GDQV OH 0HQX &RQILJXUDWLRQ
2XYUH] OH PHQX 3ULQFLSDO
0(18
š
2. ›
6 OHFWLRQQH] O RSWLRQ GH YRWUH FKRL[
5pJOHU
6RUWLU
0HQX SULQFLSDO
$XJPHQWH] RX U GXLVH] OHV QLYHDX[
RX U JOH] O WDW GHV RSWLRQV
$SSX\H] VXU OD WRXFKH 79$9 SRXU
VRUWLU GX PHQX 3ULQFLSDO
&KRLVLU
79$9
0RGH ,PDJH
,PDJH
6RQ
&RQILJXUDWLRQ
'\QDPLTXH
0RGH ,PDJH
/H 0RGH ,PDJH YRXV SHUPHW GH FKRLVLU SDUPL WURLV GLII UHQWV U JODJHV GH
O LPDJH '\QDPLTXH 1RUPDO &LQ PD
,PDJH
&H PHQX YRXV SHUPHW G HIIHFWXHU WRXV OHV U JODJHV GH TXDOLW GH O LPDJH
6RQ
/H PHQX 6RQ YRXV SHUPHW GH U JOHU WRXV OHV DVSHFWV GX VRQ VHORQ YRV
SU I UHQFHV
&RQILJXUDWLRQ
/H PHQX &RQILJXUDWLRQ YRXV SHUPHW G DFF GHU GLYHUVHV IRQFWLRQV YROX HV
DLQVL TX DX PHQX 5 JODJH
,0$*(
&H PHQX YRXV SHUPHW G HIIHFWXHU WRXV OHV U JODJHV GH TXDOLW GH O LPDJH
2XYUH] OH PHQX 3ULQFLSDO
0(18
$OOH] DX PHQX ,PDJH
5HYHQLU
š
2. ›
&KRLVLU
5pJOHU
6RUWLU
(QWUH] GDQV OH PHQX ,PDJH
,PDJH
0RGH ,PDJH
&RQWUDVWH
/XPLQRVLWp
&RXOHXU
1HWWHWp
315
6 OHFWLRQQH] O RSWLRQ GH YRWUH FKRL[
$XJPHQWH] RX GLPLQXH] OHV QLYHDX[
RX U JOH] O WDW GHV RSWLRQV
$SSX\H] VXU OD WRXFKH 79$9 SRXU
VRUWLU GX PHQX ,PDJH
$SSX\H] VXU OD WRXFKH 1 SRXU OH
UHWRXU DX[ SDUDPHWUHV G XVLQH
0RGH ,PDJH
79$9
1
,PDJH
0RGH ,PDJH
&RQWUDVWH
/XPLQRVLWp
&RXOHXU
1HWWHWp
315
'\QDPLTXH
1RQ
1RUPDO
1RQ
,PDJH
/H 0RGH ,PDJH GDQV OH 0HQX
LPDJHV YRXV SHUPHW GH
0RGH ,PDJH
&LQpPD
V OHFWLRQQHU PRGLILHU HW
&RQWUDVWH
/XPLQRVLWp
HQUHJLVWUHU WURLV GLII UHQWV
&RXOHXU
U JODJHV GH O LPDJH 1HWWHWp
'\QDPLTXH 1RUPDO DQG
315
1RQ
&LQ PD
'DQV FKDTXH V OHFWLRQ GX
0RGH ,PDJH YRXV SRXYH] FKRLVLU HW HQUHJLVWUHU OH FRQWUDVWH OD OXPLQRVLW OD
WHLQWH SRXU 176& H[FOXVLYHPHQW OD FRXOHXU HW QHWWHW G DSUýV YRV GHPDQGHV
FRQFUýWHV FRQFHUQDQW O LPDJH YRXV SRXYH] SDU H[HPSOH V OHFWLRQQHU
FHUWDLQV U JODJHV SRXU OHV WUDQVPLVVLRQV VSRUWLYHV GLII UHQWV GHV U JODJHV
SHUPHWWDQW OH VXLYL GHV ILOPV GHV LQIRUPDWLRQV HWF /H 0RGH ,PDJH YRXV SURSRVH WURLV U JODJHV DXWRQRPHV DX PD[LPXP SRXU
FKDTXH VRXUFH GX VLJQDO 5) $9 $9 $9
/ DQDO\VH HW OH WUDLWHPHQW GH O LPDJH HQWUDQWH SHUPHWWHQW GDQV OHV WURLV PRGHV
XQ SHUIHFWLRQQHPHQW DXWRPDWLTXH GH O LPDJH (Q DSSX\DQW VXU OD WRXFKH 1 GH
OD W O FRPPDQGH YRXV SRXYH] UHYHQLU DX[ SDUDPHWUHV G XVLQH GX SURILO
V OHFWLRQQ VXU OD VRXUFH FKRLVLH GX VLJQDO
,0$*(
&RQWUDVWH
/XPLQRVLW
&RXOHXU
1HWWHW
7HLQWH
SRXU 176&
315
/HV QLYHDX[ GH FRQWUDVWH OXPLQRVLW FRXOHXU QHWWHW SHXYHQW ûWUH U JO V VHORQ
YRV GHPDQGHV HW FRQGLWLRQV G REVHUYDWLRQ
/H U JODJH GH OD WHLQWH QjDSSDUDñWUD HQ WDQW TX RSWLRQ GH PHQX TXH VL XQH
VRXUFH GH VLJQDO 176& SDU $9 HVW FRQQHFW DX W O YLVHXU HW LO YRXV SHUPHW GH
U JOHU OD WHLQWH
315 U GXLW DXWRPDWLTXHPHQW OHV SDUDVLWHV LQG VLUDEOHV
621
/H PHQX 6RQ YRXV SHUPHW GH U JOHU WRXV OHV DVSHFWV GX VRQ VHORQ YRV
SU I UHQFHV
0(18
2XYUH] OH PHQX 3ULQFLSDO
$OOH] DX PHQX 6RQ
5HYHQLU
š
2. ›
&KRLVLU
5pJOHU
6RUWLU
(QWUH] GDQV OH PHQX 6RQ
6RQ
6 OHFWLRQQH] O RSWLRQ GH YRWUH FKRL[
$XJPHQWH] RX GLPLQXH] OHV
QLYHDX[ RX U JOH] O WDW GHV RSWLRQV
$SSX\H] VXU OD WRXFKH 79$9 SRXU
VRUWLU GX PHQX 6RQ
79$9
9ROXPH
*UDYH
$LJX
%DODQFH
03;
0RGH
$PELDQFH
6WHUHR
0XVLTXH
1RQ
9ROXPH
/H U JODJH 9ROXPH YRXV SHUPHW GH U JOHU OH QLYHDX GH YROXPH J Q UDO
*UDYH
/H U JODJH *UDYHV YRXV SHUPHW G DFFHQWXHU OHV IU TXHQFHV OHV SOXV EDVVHV HW
SHXW ûWUH DXJPHQW RX GLPLQX $LJX
/H U JODJH $LJXùV YRXV SHUPHW G DFFHQWXHU OHV IU TXHQFHV OHV SOXV KDXWHV HW
SHXW ûWUH DXJPHQW RX GLPLQX %DODQFH
/D EDODQFH DJLW VXU OHV QLYHDX[ VRQRUHV HQWUH OHV KDXWSDUOHXUV GURLW HW JDXFKH
&HOD SHUPHW GH U JOHU OHV QLYHDX[ VRQRUHV HQWUH OHV KDXWSDUOHXUV HQ IRQFWLRQ
GH OD SRVLWLRQ G FRXWH
03;
03; HVW KDELWXHOOHPHQW U JO HQ PRGH 6W U R SRXU RIIULU OD PHLOOHXUH
UHSURGXFWLRQ VRQRUH (Q FDV GH G JUDGDWLRQ GH OD U FHSWLRQ RX
G LQGLVSRQLELOLW GX VHUYLFH QRXV YRXV UHFRPPDQGRQV GH SDVVHU HQ PRGH
0RQR /HV PRGHV 0RQR 0 HW 0 SHXYHQW ûWUH V OHFWLRQQ V VL GHV VLJQDX[
FRUUHVSRQGDQWV VRQW WUDQVPLV
0RGH
/H VRQ SHXW ûWUH DP OLRU GXUDQW OHV PRGHV 0XVLTXH RX 3DUROH HQ
V OHFWLRQQDQW OD IRQFWLRQ DSSURSUL H
$PELDQFH
/ RSWLRQ $PELDQFH IRXUQLW XQH VWLPXODWLRQ G\QDPLTXH TXL VLPXOH O HIIHW GH VRQ
VSDWLDO DP OLRU &21),*85$7,21
/H PHQX &RQILJXUDWLRQ YRXV SHUPHW G DFF GHU GLYHUVHV IRQFWLRQV YROX HV
DLQVL TX DX PHQX 5 JODJH
0(18
2XYUH] OH PHQX 3ULQFLSDO
$OOH] DX PHQX &RQILJXDUWLRQ
5HYHQLU
(QWUH] GDQV OH PHQX &RQILJXUDWLRQ
&KRLVLU
5pJOHU
6RUWLU
&RQILJXUDWLRQ
6 OHFWLRQQH] O RSWLRQ GH YRWUH FKRL[
$XJPHQWH] RX GLPLQXH]
OHV QLYHDX[ RX U JOH] O WDW
GHV RSWLRQV
$SSX\H] VXU OD WRXFKH 79$9 SRXU
VRUWLU GX PHQX &RQILJXUDWLRQ
š
2. ›
79$9
6RUW $9
79
7pOpWH[WH
723
0LQXWHULH YHLOOH 1RQ
/DQJXH GH WH[WH 2XHVW
5pJODJH
/DQJXHV 26'
6RUW $9
2IIUH XQ FKRL[ GH VLJQDX[ HQYR\HU OD ILFKH $9 6FDUW &HWWH V OHFWLRQ V RSýUH
HQWUH O FUDQ DFWXHO GX W O YLVHXU RX OH PRQLWHXU F G O LPDJH DIILFK H
O FUDQ
7 O WH[WH
/ RSWLRQ 7 O WH[WH YRXV SHUPHW GH FKRLVLU HQWUH OHV PRGHV 723)/2) RX /,67
SDJH 0LQXWHULH YHLOOH
/D PLQXWHULH GH YHLOOH SHUPHW GH V OHFWLRQQHU O KHXUH GH FRXSXUH GX W O YLVHXU
VXU XQH SODJH GH PLQXWHV LQWHUYDOOHV GH PLQXWHV
/DQJXH GH WH[WH 6 OHFWLRQQH] OH MHX GH FDUDFWýUHV DILQ G DYRLU WRXV OHV FDUDFWýUHV Q FHVVDLUHV
SRXU OH WH[WH GHV SDJHV W O WH[WHV SDU H[HPSOH FDUDFWýUHV F\ULOOLTXHV HWF
0RGH /DQJXHV
2XHVW (QJOLVK 'HXWVFK 6YHQVND 6XRPL 'DQVN 0DJ\DU ,WDOLDQR )UDQ˜DLV
(VW
(VW
(VSDÆRO 3RUWXJXûV 7ÚUN˜H (//+1,.$ 1HGHUODQGV 1RUVN
3ROVNL (HVWL 6ORYHQVNR H WLQD 6ORYHQVN\ 5RP Q H WLQD
3ROVNL /DWYLH X YDORGD
6ORYHQVN\ 5RP Q 5 JODJH
/H PHQX 5 JODJH YRXV GRQQH DFFýV GH QRPEUHXVHV DXWUHV IRQFWLRQV GRQW
5HFKHUFKH DXWR 5 JODJH ILQ 6\VWýPH GH FRXOHXU HW &RUUHF YROXPH SDJH /DQJXHV 26'
/H PHQX /DQJXH 26' YRXV SHUPHW GH FKDQJHU OD ODQJXH XWLOLV H VXU WRXV OHV
PHQXV G FUDQ SDJH /$1*8(6 26'
/RUV GH O LQVWDOODWLRQ LQLWLDOH GX W O YLVHXU OD ODQJXH G DIILFKDJH VXU FUDQ D W
U JO H HQ IRQFWLRQ GX SD\V GH YRWUH FKRL[ 9RXV SRXYH] FHSHQGDQW
V OHFWLRQQHU XQH DXWUH ODQJXH SDUWLU GX PHQX /DQJXHV 26'
2XYUH] OH PHQX 3ULQFLSDO
0(18
$OOH] DX PHQX &RQILJXUDWLRQ
5HYHQLU
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
$FFpGHU
›
6RUWLU
6RUW $9
79
7pOpWH[WH
723
0LQXWHULH YHLOOH 1RQ
/DQJXH GH WH[WH 2XHVW
5pJODJH
/DQJXHV 26'
$FFpGHU
(QWUH] GDQV OH PHQX /DQJXHV
26'
6 OHFWLRQQH] O RSWLRQ GH YRWUH
FKRL[
&KRLVLU
&RQILJXUDWLRQ
$OOH] DX PHQX /DQJXHV 26'
$SSX\H] VXU OD WRXFKH 79$9
SRXU YDOLGHU YRWUH V OHFWLRQ HW
VRUWLU
š
2. 79$9
5HYHQLU
š
2. ›
/DQJXHV 26'
'HXWVFK
(VSDxRO
(QJOLVK
1RUVN
)UDQoDLV
'DQVN
,WDOLDQR
6YHQVND
(//+1,.$
&KRLVLU
&KRLVLU
6RUWLU
1HGHUODQGV
6XRPL
7UNoH
3RUWXJXrV
5þ*/$*(
/H PHQX 5 JODJH SHUPHW G DFFýGHU DX[ PHQXV 5 JODJH PDQXHO HW 5 JODJH
DXWRPDWLTXH
0(18
2XYUH] OH PHQX 3ULQFLSDO
$OOH] DX PHQX &RQILJXUDWLRQ
0pPR
(QWUH] GDQV OH PHQX &RQILJXUDWLRQ
5HYHQLU
$OOH] DX PHQX 5 JODJH
5pJODJH
5HFKHUFKH DXWR
5pJODJH PDQXHO
6\VWqPH 79
5pJODJH ILQ
&KDQJHU
6\VWqPH FRXOHXU
&RUUHFWLRQ YROXPH
%ORTXHU
(QWUH] GDQV OH PHQX 5 JODJH
6 OHFWLRQQH] O RSWLRQ GH YRWUH FKRL[
$XJPHQWH] RX GLPLQXH] OHV
U JODJHV U JOH] O WDW GHV RSWLRQV
RX DFF GH] XQ DXWUH PHQX
$SSX\H] VXU OD WRXFKH 79$9
SRXU VRUWLU
š
2. ›
&KRLVLU
$FFpGHU
6RUWLU
$FFpGHU
6&
$XWR
1RQ
79$9
5HFKHUFKH DXWR /H PHQX 5HFKHUFKH DXWR YRXV SHUPHW GH UHFRQILJXUHU DXWRPDWLTXHPHQW YRWUH
W O YLVHXU SDJH 5 JODJH
PDQXHO
/H PHQX 5 JODJH PDQXHO YRXV SHUPHW GH U JOHU PDQXHOOHPHQW OHV SRVLWLRQV
GH SURJUDPPHV LQGLYLGXHOV SDJH 6\VWýPH 79
/ RSWLRQ GH QRUPH DXGLR
6&
3$/ %* 6(&$0 %*
6&
3$/ ,
6&
3$/ '. 6(&$0 '.
5 JODJH ILQ
&HWWH RSWLRQ YRXV SHUPHW G HIIHFWXHU OH U JODJH G DFFRUG ILQ GHV FKDñQHV
&KDQJHU
/H PHQX &KDQJHU YRXV SHUPHW GH FKDQJHU OD SRVLWLRQ GX SURJUDPPH VHORQ
YRWUH GHPDQGH 9RLU OD SDJH 5þ*/$*(
6\VWýPH
FRXOHXU
/H PHQX 6\VWýPH FRXOHXU YRXV SHUPHW GH FKRLVLU OH VWDQGDUG GH WUDQVPLVVLRQ
FRUUHFW
&RUUHFWLRQ
YROXPH
9RXV SHUPHW GH U JOHU OH QLYHDX GH YROXPH GH FKDTXH FKDñQH LQGLYLGXHOOH
%ORTXHU
&HWWH RSWLRQ YRXV SHUPHW GH EORTXHU OD SRVLWLRQ GHV SURJUDPPHV FRQWUH
O DFFýV LQG VLUDEOH
5þ*/$*( $73 5(&+(5&+( $872
/H PHQX 5HFKHUFKH DXWR YRXV SHUPHW GH UHFRQILJXUHU DXWRPDWLTXHPHQW YRWUH
W O YLVHXU HQ IRQFWLRQ GHV FKDñQHV GH W O YLVLRQ ORFDOHV &HWWH IRQFWLRQ HVW XWLOH
HQ FDV GH G P QDJHPHQW GDQV XQH DXWUH U JLRQ
2XYUH] OH PHQX 3ULQFLSDO
$OOH] DX PHQX &RQILJXUDWLRQ
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
$OOH] DX PHQX 5 JODJH
(QWUH] GDQV OH PHQX
5 JODJH
$OOH] DX PHQX 5HFKHUFKH
DXWR
0(18
0pPR
5HYHQLU
6 OHFWLRQQH] OH SD\V
$SSX\H] SRXU ODQFHU
OD UHFKHUFKH DXWR $73
/H W O YLVHXU YD FKHUFKHU LGHQWLILHU
HW WULHU GDQV O RUGUH OHV FKDñQHV GH
W O YLVLRQ ORFDOHV
8QH IRLV FHWWH RS UDWLRQ WHUPLQ H OH
W O YLVHXU DIILFKHUD OD SRVLWLRQ GH
SURJUDPPH &KRLVLU
$FFpGHU
6RUWLU
5pJODJH
5HFKHUFKH DXWR
$FFpGHU
5pJODJH PDQXHO
6\VWqPH 79
6&
5pJODJH ILQ
&KDQJHU
6\VWqPH FRXOHXU
$XWR
&RUUHFWLRQ YROXPH
%ORTXHU
1RQ
$77(17,21
$73 HIIDFHUD OHV GRQQpHV DFWXHOOHV HW
H[pFXWHUD XQ QRXYHDX UpJODJH
(QWUH] GDQV OH PHQX
5HFKHUFKH DXWR
$SSX\H] SRXU FRQILUPHU HW
FRPPHQFHU
š
2. ›
5HYHQLU
š
2. ›
3D\V
'HXWVFKODQG
gVWHUUHLFK
)UDQFH
,WDOLD
1HGHUODQG
(VSDxD
%HOJLTXH
6XLVVH
(8
š
2. ›
'pEXW $73
6RUWLU
&KRLVLU
'pEXW $73
5HYHQLU
6RUWLU
&+
$73 (1 &2856
&+
;<=
0HQX 5HYHQLU DX PHQX FDQDX[
79$96RUWLU
5þ*/$*( 5þ*/$*( 0$18(/
/H U JODJH PDQXHO GHV SRVLWLRQV GH SURJUDPPHV SHXW V HIIHFWXHU
PHQX VXU FUDQ RX GHV FRPPDQGHV HQ ID˜DGH
SDUWLU GX
0HQX 5 JODJH PDQXHO
2XYUH] OH PHQX 3ULQFLSDO
0(18
0pPR
$OOH] DX PHQX &RQILJXUDWLRQ
5HYHQLU
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
&KRLVLU
š
2. ›
$FFpGHU
6RUWLU
5pJODJH
5HFKHUFKH DXWR
5pJODJH PDQXHO
$FFpGHU
6\VWqPH 79
6&
5pJODJH ILQ
&KDQJHU
6\VWqPH FRXOHXU
$XWR
&RUUHFWLRQ YROXPH
%ORTXHU
1RQ
$OOH] DX PHQX 5 JODJH
(QWUH] GDQV OH PHQX 5 JODJH
$OOH] 5 JODJH PDQXHO
(QWUH] GDQV 5 JODJH PDQXHO
0pPR
6 OHFWLRQQH] OD SRVLWLRQ GH
SURJUDPPH G VLU H
5HYHQLU
&RPPHQFH] OH U JODJH
1RWH ›
3URJ
'pEXWHU
5HFKHUFKH
6RUWLU
&+
4XDQG OH SURJUDPPH YRXOX HVW
ORFDOLV DSSX\H] VXU 2. SRXU
P PRULVHU
$SSX\H] VXU OD WRXFKH 79$9 SRXU
VRUWLU GX PHQX 5 JODJH PDQXHO
š
2. 5pJODJH PDQXHO
79$9
6L YRXV FRQQDLVVH] OHV QXP URV GHV FDQDX[ YRXV SRXYH] XWLOLVHU OH V OHFWLRQ GLUHFWH GDQV OH
PHQX k5 JODJH PDQXHOl
$SSX\H] VXU OD WRXFKH k&l HQ W O FRPPDQGH SRXU OD P PRULVDWLRQ UDSLGH GHV FKDñQHV HQWUH] GDQV OH PHQX 5 JODJH PDQXHO
GRQQH] OH QXP UR GH OH SU V OHFWLRQ
DSSX\H] VXU OD WRXFKH k&l
SDU OH FODYLHU QXP ULTXH GRQQHU OH QXP UR GX FDQDO
DSSX\H] VXU OD WRXFKH 2. SRXU P PRULVHU
DSSX\H] VXU OD WRXFKH 79$9 RX OD WRXFKH 1 SRXU VRUWLU GX PHQX
3RXU OD V OHFWLRQ GLUHFWH GX FDQDO GH k+\SHUl FKDñQH W O YLVLRQ GH F EOH DSSX\H] VXU OHV
WRXFKHV GH OD V OHFWLRQ GLUHFWH GX FDQDO HW OHV WRXFKHV GH OD V OHFWLRQ GX SURJUDPPH k&l
k l HW SDU OHV WRXFKHV QXP ULTXHV V OHFWLRQQH] OH QXP UR 6XU Oj FUDQ HVW DIILFK k&+ l HW SXLV k+ l 0 PRULVDWLRQ YRLU FLGHVVXV
5þ*/$*( 5þ*/$*( 0$18(/
5 JODJH PDQXHO
FRPPDQGHV HQ ID˜DGH
$SSX\H] VXU OD WRXFKH ) )D˜DGH
MXVTX REWHQWLRQ GX PHQX 5 JODJH
$SSX\H] VXU OD WRXFKH RX )
Y
$SSX\H] VXU OD WRXFKH 79$9 SRXU
DOWHUQHU HQWUH &KDQJHU SURJUDPPH 5HFKHUFKH RX &KDQJHU V\VWýPH 79
79$9
$SSX\H] VXU RX SRXU FKDQJHU
GH SRVLWLRQ GH SURJUDPPH
FRPPHQFHU OD UHFKHUFKH RX
FKDQJHU OH V\VWýPH 79
Y
4XDQG OD FKDñQH YRXOXH HVW
ORFDOLV H DSSX\H] VXU 675 SRXU
P PRULVHU
5 S WH] OD SURF GXUH FLGHVVXV
SRXU DFFRUGHU G DXWUHV
SURJUDPPHV RX DSSX\H] VXU OD
WRXFKH ) SRXU VRUWLU
5pJODJH PDQXHO
) 1RQ
2XL
675
675 ) 9 š 79$9
)
&+ 6&
5pJODJH PDQXHO
79$9 675
) 1 'pEXWHU 5HFKHUFKH
&KRLVLU
0pPR
6RUWLU
&+$1*(0(17 '(6 326,7,216 '( 352*5$00(
/D V OHFWLRQ &KDQJHU YRXV SHUPHW FKDQJHU GHX[ SRVLWLRQV GX SURJUDPPH
VRLPûPH
0(18
2XYUH] OH PHQX 3ULQFLSDO
0pPR
$OOH] DX PHQX &RQILJXUDWLRQ
5HYHQLU
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
š
2. ›
&KRLVLU
$FFpGHU
6RUWLU
5pJODJH
5HFKHUFKH DXWR
5pJODJH PDQXHO
6\VWqPH 79
6&
5pJODJH ILQ
&KDQJHU
$FFpGHU
6\VWqPH FRXOHXU
$XWR
&RUUHFWLRQ YROXPH
%ORTXHU
1RQ
$OOH] DX PHQX 5 JODJH
(QWUH] GDQV OH PHQX 5 JODJH
$OOH] DX PHQX &KDQJHU
(QWUH] GDQV OH PHQX &KDQJHU
&KDQJHU
6 OHFWLRQQH] SUHPLýUH SRVLWLRQ GX
SURJUDPPH
5HYHQLU
6 OHFWLRQQH] VHFRQGH SRVLWLRQ GX
SURJUDPPH
&KRLVLU
5pJOHU
6RUWLU
&+
&KDQJHU
$SSX\H] VXU OD WRXFKH 2. SRXU
FRQILUPHU OD V OHFWLRQ
$SSX\H] VXU OD WRXFKH 79$9 SRXU
VRUWLU GX PHQX
š
2. ›
79$9
3URJ
DYHF
3URJ
&+
&+
6þ/(&7,21 (7 &21),*85$7,21 $9
/H PHQX 6 OHFWLRQ $9 YRXV SHUPHW GH V OHFWLRQQHU OD VRXUFH $9 GH YRWUH
FKRL[
- $SSX\H] VXU OD WRXFKH k79$9l SRXU DFWLYHU OH PRGH$9
k$9l 6L OH PDJQ WRVFRSH
79$9
U FHSWHXU VDWHOOLWH FDP VFRSH HWF YRLU OD SDJH VRQW FRQQHFW V HW VRQW
DFWLY V VRQ VLJQDO HVW DIILFK VXU Oj FUDQ GX W O YLVHXU HW VXU OH FÎW JDXFKH GH O FUDQ
V DIILFKH k$9l OD SRVLWLRQ GX SURJUDPPH V OHFWLRQQ H Q HVW SDV LPSRUWDQWH /H U FHSWHXU
GX W O YLVHXU VHUD LJQRU - &H W O YLVHXU YRXV SHUPHW OH EUDQFKHPHQW DXWRPDWLTXH HQ PRGH k$9l VL O TXLSHPHQW
FRQQHFW PHW OH VLJQDO GH EUDQFKHPHQW VXU OD SULVH 6&$57 HQ FDV GH VRQ DFWLYDWLRQ /H
VLJQDO GH O TXLSHPHQW DXGLRYLVXHO FRQQHFW HW k(&l V DIILFKHQW VXU OH FÎW JDXFKH GH
O FUDQ (Q FDV GX FKDQJHPHQW GH OD V OHFWLRQ GX SURJUDPPH GX W O YLVHXU O LPDJH QH
FKDQJH SDV
- 5HYHQLU HQ PRGH k79l HQ DSSX\DQW VXU OD WRXFKH k79$9l RX SDU OjDUUûW GH O TXLSHPHQW
$9 FRQQHFW - (Q FDV GH OD FRQQH[LRQ GH O TXLSHPHQW k$9l HQ PRGH 176& OH W O YLVHXU G WHFWHUD
DXWRPDWLTXHPHQW FH VLJQDO HW UHSURGXLUD HQ FH PRGH /jRIIUH GX 0HQX ,PDJH GDQV OHV
ODQJXHV 26' HVW FRPSO WHU HQ PRGH k$9l SDU k7HLQWHl DSSX\H] VXU OHV WRXFKHV kl RX
kl SRXU OH U JODJH &RQILJXUDWLRQ
2XYUH] OH PHQX 3ULQFLSDO
0(18
$OOH] DX PHQX &RQILJXUDWLRQ
5HYHQLU
š
2. ›
&KRLVLU
5pJOHU
6RUWLU
(QWUH] GDQV OH PHQX &RQILJXUDWLRQ
6 OHFWLRQQH] O RSWLRQ GH YRWUH
FKRL[
$FF GH] DX[ U JODJHV RX
DX[ RSWLRQV
$SSX\H] VXU OD WRXFKH 79$9
SRXU VRUWLU
79$9
&RQILJXUDWLRQ
6RUW $9
7pOpWH[WH
0LQXWHULH YHLOOH
6\VWqPH FRXOHXU
&RUUHFWLRQ YROXPH
/DQJXH GH WH[WH
/DQJXHV 26'
79
723
1RQ
$XWR
2XHVW
)21&7,21 0$*1þ726&23(/(&7(85 '( 9,'þ2',648( '9' '9'5
&HWWH W O FRPPDQGH SHXW ûWUH XWLOLV H DYHF FHUWDLQV PDJQ WRVFRSHV HW OHFWHXUV GH YLG RGLVTXHV DX
IRUPDW '9'5 'LJLWDO 9HUVDWLOH 'LVF GH OD PDUTXH 3DQDVRQLF þWDQW GRQQ TXH FHUWDLQV
PDJQ WRVFRSHV HW OHFWHXUV GH YLG RGLVTXHV '9'5 RIIUHQW GHV IRQFWLRQV GLII UHQWHV YHXLOOH] YRXV
U I UHU DX PRGH G HPSORL GH O DSSDUHLO RX FRQVXOWHU OH UHYHQGHXU SRXU YRXV LQIRUPHU
þWDW GH YHLOOH
$SSX\H] VXU FHWWH WRXFKH SRXU PHWWUH OH PDJQ WRVFRSHOHFWHXU GH
YLG RGLVTXHV '9'5 O WDW GH YHLOOH
$SSX\H] QRXYHDX SRXU O DOOXPHU
9&5
'9'
7RXFKH PDJQ WRVFRSHOHFWHXU GH YLG RGLVTXHV '9'
8WLOLVH] FHWWH WRXFKH SRXU TXH OD W O FRPPDQGH FRPPDQGH OH
PDJQ WRVFRSH RX OH OHFWHXU GH YLG RGLVTXHV '9'5 /HFWXUH
$SSX\H] VXU FHWWH WRXFKH SRXU OLUH OD FDVVHWWHOH GLVTXH YLG R
$UUûW
$SSX\H] VXU FHWWH WRXFKH SRXU DUUûWHU OD FDVVHWWHOH GLVTXH YLG R
6DXW GH SODJH $YDQFH UDSLGH 9LVXDOLVDWLRQ
0$*1þ726&23( $SSX\H] VXU FHWWH WRXFKH SRXU FRPPDQGHU
O DYDQFH UDSLGH (Q PRGH /HFWXUH DSSX\H] VXU FHWWH WRXFKH SRXU
YLVXDOLVHU O LPDJH HQ PRGH G DYDQFH UDSLGH
/(&7(85 '9'5 $SSX\H] XQH IRLV VXU FHWWH WRXFKH SRXU VDXWHU OD
SODJH VXLYDQWH (Q PRGH /HFWXUH DSSX\H] GH ID˜RQ FRQWLQXH VXU FHWWH
WRXFKH SRXU YLVXDOLVHU O LPDJH HQ PRGH G DYDQFH UDSLGH
6DXW GH SODJH 5HPERELQDJH UDSLGH 9LVXDOLVDWLRQ
0$*1þ726&23( $SSX\H] VXU FHWWH WRXFKH SRXU UHPERELQHU OD
EDQGH (Q PRGH /HFWXUH DSSX\H] VXU FHWWH WRXFKH SRXU YLVXDOLVHU OD
EDQGH HQ PRGH GH UHPERELQDJH UDSLGH
/(&7(85 '9'5 $SSX\H] XQH IRLV VXU FHWWH WRXFKH SRXU VDXWHU OD
SODJH SU F GHQWH (Q PRGH /HFWXUH DSSX\H] GH ID˜RQ FRQWLQXH VXU
FHWWH WRXFKH SRXU YLVXDOLVHU O LPDJH HQ PRGH UHFXO UDSLGH
$UUûW VXU LPDJH
$SSX\H] VXU FHWWH WRXFKH HQ PRGH /HFWXUH SRXU REWHQLU O DUUûW VXU
LPDJH
$SSX\H] GH QRXYHDX SRXU UHSUHQGUH OD OHFWXUH QRUPDOH
352*5$00(
5(&
' ILOHPHQW
$SSX\H] SRXU DXJPHQWHUGLPLQXHU G XQH XQLW OD SRVLWLRQ GH
SURJUDPPH GX PDJQ WRVFRSH '9'5 (QUHJLVWUHPHQW
$SSX\H] VXU FHWWH WRXFKH SRXU HQUHJLVWUHU
)21&7,21 7þ/þ7(;7(
- /HV IRQFWLRQV GH 7 O WH[WH YDULHQW VHORQ OHV VRFL W V GH UDGLRGLIIXVLRQ HW QH VRQW GLVSRQLEOHV TXH VL
OD FKDñQH V OHFWLRQQ H WUDQVPHW OH 7 O WH[WH
- (Q DSSX\DQW GHX[ IRLV VXU OD WRXFKH 0(18 ORUV GH OD PDUFKH GX 7 O WH[WH OD IRQFWLRQ GH FRQWUDVWH
V DIILFKH DYHF XQH FKHOOH GH FRXOHXU EOHX DSSX\H] VXU * SRXU PRGLILHU OH U JODJH VHORQ OHV
EHVRLQV
(Q DSSX\DQW XQH IRLV VXU OD WRXFKH 0(18 ORUV GH OD PDUFKH GX 7 O WH[WH O RSWLRQ GHV IRQFWLRQV
VS FLDOHV V DIILFKH HQ EDV GH O FUDQ
- (Q PRGH 7 O WH[WH OH YROXPH SHXW WRXMRXUV ûWUH PRGLIL SRXU V DGDSWHU DX QLYHDX GH U FHSWLRQ
G VLU (Q TXRL FRQVLVWH OH PRGH /,67 /,67( "
(Q PRGH /,67 TXDWUH QXP URV GH SDJH GH FRXOHXUV GLII UHQWHV DSSDUDLVVHQW HQ EDV GH O FUDQ
&KDFXQ GH FHV QXP URV SHXW ûWUH FKDQJ HW HQUHJLVWU GDQV OD P PRLUH GX W O YLVHXU
(Q TXRL FRQVLVWH OH PRGH )$67(;7 7(;7( 5$3,'( "
(Q PRGH )$67(;7 TXDWUH VXMHWV GH FRXOHXUV GLII UHQWHV DSSDUDLVVHQW HQ EDV GH O LPDJH 3RXU
REWHQLU SOXV G LQIRUPDWLRQ VXU O XQ GH FHV VXMHWV DSSX\H] VXU OH ERXWRQ FRORU FRUUHVSRQGDQW &HWWH
IRQFWLRQ SHUPHW G REWHQLU UDSLGHPHQW GHV LQIRUPDWLRQV VXU OHV VXMHWV LQGLTX V
(Q TXRL FRQVLVWH OH PRGH 723 7 O WH[WH "
/D IRQFWLRQ 7RS 7 O WH[WH UHQG OD V OHFWLRQ GHV SDJHV GH 7 O WH[WH YRXOXHV SOXV IDFLOH HW SOXV UDSLGH
(Q IDLW O DFFýV DX[ SDJHV HVW LQVWDQWDQ DSSX\H] VXU OH ERXWRQ HW OD SDJH DSSDUDñW
&RPPHQW IRQFWLRQQH FHWWH RSWLRQ "
/ RSWLRQ 723 7 O WH[WH XWLOLVH TXDWUH WRXFKHV FRORU HV URXJH YHUWH MDXQH HW EOHXH SRXU V OHFWLRQQHU
OHV LQIRUPDWLRQV VXLYDQWHV
- 3RXU YRXV G SODFHU G XQH FDW JRULH GH VSHFWDFOH XQH DXWUH 63257 SDU H[HPSOH XWLOLVH] OD
WRXFKH EOHXH 8QH IRLV O LQW ULHXU GH OD FDW JRULH 63257 YRXV SRXYH] V OHFWLRQQHU GHV DFWLYLW V
GLII UHQWHV WHOOHV TXH OH WHQQLV OH IRRWEDOO OH EDVNHWEDOO HWF HQ XWLOLVDQW OD WRXFKH MDXQH 4XDQG OD
GHUQLýUH DFWLYLW GH OD FDW JRULH HVW DWWHLQWH OD WRXFKH MDXQH YRXV IDLW SDVVHU OD FDW JRULH GH
VSHFWDFOH VXLYDQWH
- /D WRXFKH YHUWH V OHFWLRQQHUD OD SDJH VXLYDQWH YHUV OH +$87
- /D WRXFKH URXJH V OHFWLRQQHUD OD SDJH VXLYDQWH YHUV OH %$6
4XHOV VRQW OHV DYDQWDJHV "
- 6 OHFWLRQ GH OD SDJH DX VLPSOH WRXFKHU G XQ ERXWRQ
- 6 OHFWLRQ IDFLOH WDSH SDU WDSH GDQV OHV FDW JRULHV G DFWLYLW V YRXOXHV
- 5 GXFWLRQ GX WHPSV G DWWHQWH
- (Q KDXW D JDXFKH OD FRXOHXU GH OD SDJH V OHFWLRQQ H GHYLHQW URXJH LV OD SDJH Q HVW SDV GLVSRQLEOH
- /D OLJQH G WDW HQ EDV GH O FUDQ YRXV LQGLTXH WRXMRXUV TXHO ERXWRQ YRXV FRQGXLUD O LQIRUPDWLRQ
VRXKDLW H
0RGH 797 O WH[WH
797(;7
$SSX\H] VXU OD WRXFKH 797(;7
/D SDJH 7 O WH[WH V DIILFKH O FUDQ
$SSX\H] QRXYHDX VXU FHWWH WRXFKH SRXU UHYHQLU HQ PRGH 79
6 OHFWLRQ GHV SDJHV
/HV SDJHV SHXYHQW ûWUH V OHFWLRQQ HV GH GHX[ PDQLýUHV D $SSX\H] VXU OHV WRXFKHV GH G ILOHPHQW SRXU DFFURñWUH RX G FURñWUH
OH QXP UR GH SDJH G XQH XQLW OD IRLV
E (Q HQWUDQW OH QXP UR GH SDJH O DLGH GHV WRXFKHV GH OD
W O FRPPDQGH
)XOO 7RS %RWWRP 3OHLQ +DXW %DV
$SSX\H] VXU OD WRXFKH 0(18 SRXU DIILFKHU OHV IRQFWLRQV VS FLDOHV
0(18
SXLV VXU OD WRXFKH YHUWH
$SSX\H] XQH QRXYHOOH IRLV VXU OD WRXFKH YHUWH SRXU DJUDQGLU OD SDUWLH
,1)(5,(85( GH O FUDQ
$SSX\H] XQH QRXYHOOH IRLV SRXU UHYHQLU O DIILFKDJH QRUPDO SOHLQ FUDQ
)8// )21&7,21 7þ/þ7(;7(
,O Q HVW SDV SRVVLEOH GH FKDQJHU OD SRVLWLRQ GX SURJUDPPH HQ PRGH )ODVK G LQIRUPDWLRQV 0LVH MRXU
RX $FFýV DX[ VRXVSDJHV
5HYHDO 5 Y OHU
$SSX\H] VXU OD WRXFKH 0(18 SRXU DIILFKHU OHV IRQFWLRQV VS FLDOHV
SXLV VXU OD WRXFKH URXJH SRXU U Y OHU OHV PRWV FDFK V SDU H[HPSOH
OHV U SRQVHV DX[ SDJHV GH MHX[ $SSX\H] GH QRXYHDX SRXU FDFKHU
OHV U SRQVHV
7RXFKHV URXJH YHUWH MDXQH EOHX
(Q PRGH 723 RX )$67(;7 FHV GHUQLýUHV FRUUHVSRQGHQW DX[
GLII UHQWV VXMHWV GH FRXOHXU
(Q PRGH /,67 /,67( HOOHV FRUUHVSRQGHQW DX[ GLII UHQWV QXP URV
GH SDJHV FRORU HV
/LVW 6WRUH 0 PRLUH GH OLVWH
'DQV OH U JLPH /,67 OD /LVWH OHV TXDWUH QXP URV GH SDJH
SHXYHQW ûWUH FKDQJ V VHXOHPHQW SRXU OHV FDQDX[ 3RXU OH IDLUH VDLVLVVH] XQ QRXYHDX QXP UR GH SDJH
3RXU PRGLILHU OD FRXOHXU GH QXP UR GH OD SDJH LO IDXW DSSX\HU HW
PDLQWHQLU XQ GHV ERXWRQV GH FRXOHXU
0(18
+2/'
)3
0(18
0DLQWLHQ GH OD SDJH
$SSX\H] VXU OD WRXFKH +2/' SRXU UHWHQLU OD SDJH 7 O WH[WH ORUV GH OD
FRQVXOWDWLRQ G LQIRUPDWLRQV FRXUDQW VXU SOXVLHXUV SDJHV $SSX\H] GH
QRXYHDX SRXU UHYHQLU OD PLVH MRXU DXWRPDWLTXH
3DJH SU I U H )3
&HWWH IRQFWLRQ SHUPHW GH P PRULVHU XQH SDJH HW GH OD UDSSHOHU
LQVWDQWDQ PHQW 3RXU PHWWUH OD SDJH HQ P PRLUH OH W O YLVHXU GRLW
ûWUH HQ PRGH /LVWH HW OD SRVLWLRQ GH SURJUDPPH GRLW ûWUH HQWUH HW
6 OHFWLRQQH] OH QXP UR GH SDJH SXLV DSSX\H] VXU OD WRXFKH
EOHXH HW WHQH] OD HQIRQF H /H QXP UR GH SDJH HVW DORUV P PRULV $SSX\H] VXU OD WRXFKH )3 SRXU UDSSHOHU FHWWH SDJH
8SGDWH 'LVSOD\ 0LVH MRXU
$SSX\H] VXU OD WRXFKH 0(18 SRXU DIILFKHU OHV IRQFWLRQV VS FLDOHV
SXLV VXU OD WRXFKH MDXQH SRXU YRLU O LPDJH W O YLV H WRXW HQ
FKHUFKDQW XQH SDJH 7 O WH[WH
/RUVTXH OD SDJH HVW WURXY H O FUDQ DIILFKHUD OH QXP UR GH OD SDJH
HQ KDXW JDXFKH
$SSX\H] VXU OD WRXFKH MDXQH SRXU YRLU OD SDJH
$SSX\H] VXU 797(;7 SRXU UHYHQLU HQ PRGH 79 QRUPDO
1HZV )ODVK )ODVK G LQIRUPDWLRQV /RUVTX XQH SDJH GH IODVK
G LQIRUPDWLRQV D W V OHFWLRQQ H DSSX\H] VXU OD WRXFKH 0(18 HW
VXU OD WRXFKH MDXQH SRXU UHJDUGHU OD W O YLVLRQ QRUPDOHPHQW
/RUVTXH OD PLVH MRXU G XQ IODVK G LQIRUPDWLRQV VHUD FDSW H OH
QXP UR GH SDJH VHUD DIILFK VXU O FUDQ
$SSX\H] DORUV VXU OD WRXFKH MDXQH SRXU DIILFKHU OH IODVK
G LQIRUPDWLRQV
$SSX\H] VXU 797(;7 SRXU UHYHQLU HQ PRGH 79 QRUPDO
8SGDWH 0LVH MRXU $SSX\H] VXU OD WRXFKH 0(18 HW VXU OD
WRXFKH MDXQH SRXU YLVXDOLVHU OD PLVH MRXU G LQIRUPDWLRQV VXU
FHUWDLQHV SDJHV /RUVTX XQH PLVH MRXU HVW FDSW H OH QXP UR GH
SDJH HVW DIILFK HQ KDXW GH O FUDQ JDXFKH
$SSX\H] VXU OD WRXFKH MDXQH SRXU YLVXDOLVHU OD SDJH
$SSX\H] VXU 797(;7 SRXU UHYHQLU HQ PRGH 79 QRUPDO
)21&7,21 7þ/þ7(;7(
$FFýV DX[ VRXVSDJHV FRG HV
0(18
,1'(;
1
/RUVTXH OHV LQIRUPDWLRQV 7 O WH[WH RFFXSHQW SOXV G XQH SDJH OH
V\VWýPH GH FKDQJHPHQW DXWRPDWLTXH GHV VRXVSDJHV SRXUUD
PHWWUH XQ FHUWDLQ WHPSV DYDQW G DWWHLQGUH OD VRXVSDJH YRXOXH ,O HVW
SRVVLEOH G HQWUHU OH QXP UR GH VRXVSDJH VRXKDLW HW GH FRQWLQXHU
VXLYUH OH SURJUDPPH QRUPDO MXVTX FH TXH OD VRXVSDJH
FRUUHFWH DLW W WURXY H 6 OHFWLRQQH] OH QXP UR GH SDJH YRXOX
O DLGH GHV WRXFKHV $SSX\H] VXU OD WRXFKH 0(18 SXLV VXU OD WRXFKH EOHX V DIILFKHUD HQ KDXW GURLWH GH O FUDQ
QH
(QWUH] OH QXP UR GH VRXVSDJH G VLU DYDQW TXH OH
GLVSDUDLVVH
3RXU V OHFWLRQQHU OD SDJH HQWUH] HW $SSX\H] VXU OD WRXFKH MDXQH SRXU UHJDUGHU XQH PLVVLRQ GH
W O YLVLRQ QRUPDOH
$SSX\H] VXU 0(18 HW VXU OD WRXFKH MDXQH HQ PRGH /,67 /RUVTXH OD SDJH HVW GLVSRQLEOH DSSX\H] VXU OD WRXFKH MDXQH SRXU
YRLU OD SDJH
3RXU HIIDFHU OD SDJH XWLOLVH] O XQ GHV PR\HQV VXLYDQWV - $SSX\H] VXU 0(18
- 6 OHFWLRQQH] XQ QRXYHDX QXP UR GH SDJH
- $SSX\H] VXU 797(;7 SRXU UHYHQLU HQ PRGH 79 QRUPDO
,QGH[
$SSX\H] VXU ,1'(; SRXU UHYHQLU VXU OD SDJH G LQGH[ SULQFLSDO
6HORQ OD ID˜RQ GRQW OHV LQIRUPDWLRQV VRQW WUDQVPLVHV YRXV GHYUH]
SHXWûWUH SUHVVHU SOXV G XQH IRLV FHWWH WRXFKH SRXU UHYHQLU
O LQGH[ SULQFLSDO
6RUWLH
$SSX\H] VXU OD WRXFKH k1l SRXU UHYHQLU HQ PRGH 79 QRUPDO
&211(;,216 $8',2 9,'þ2
)LFKHV IURQWDOHV
3UHVVH] HW
UHO FKH] SRXU
RXYULU
(QWU H YLG R
SULVH 9
(QWU H DXGLR
SULVHV / 5
JDXFKH GURLWH
& EOH
YLG R 5&$
F EOHV
DXGLR 5&$
6RUWLH SULVH FDVTXH
)LFKH MDFN
VW U R PP
&$0(6&23(
&$648( 67þ5þ2 DYHF ILFKH MDFN PP
3ULVHV DUULýUH
& EOH 3(5,7(/
0$*1þ726&23(
'þ&2'(85
/(&7(85 '9'
(QWU HVRUWLH
GH OD SULVH
3(5,7(/ $9
& EOH 3(5,7(/
0$*1þ726&23(
0$*1þ726&23(
6 9,'þ2
'þ&2'(85
&$0(6&23(
'9' 5
&2162/( '(
-(825',1$7(85
59%
&$0(6&23(
6 9,'þ2
1RWHV
(QWU HVRUWLH
GH OD SULVH
3(5,7(/ $9
- / TXLSHPHQW DX[LOLDLUH HW OHV F EOHV UHSU VHQW V QH VRQW SDV IRXUQLV DYHF FH W O YLVHXU
- 1H EUDQFKH] SDV G RUGLQDWHXU PXQL G XQH VRUWLH 77/ 9 VXU FH W O YLVHXU
%52&+$*( '(6 35,6(6 3(5,7(/
3ULVH 3(5,7(/ EURFKHV $9
&RQQHFWHXU GH PDVVH
6RUWLH &9%6 YLG R
0DVVH &9%6
(QWU H URXJH
0DVVH URXJH
(QWU H YHUWH
0DVVH YHUWH
(QWU H EOHXH
0DVVH EOHXH
6RUWLH DXGLR *
6RUWLH DXGLR '
(QWU H &9%6 YLG R
0DVVH WDW 59%
(WDW 59%
0DVVH
/HV HQWU HV DG TXDWHV
SRXU $9 LQFOXHQW 59%
URXJHYHUWEOHX
(WDW &9%6 YLG R
(QWU H DXGLR *
0DVVH DXGLR
(QWU H DXGLR '
3ULVH 3(5,7(/ EURFKHV $9
&RQQHFWHXU GH PDVVH
6RUWLH &9%6 YLG R
/HV EURFKHV $9 HW
G SHQGHQW GH OD
FRPPXWDWLRQ 69+6 9,'þ2 $9
0DVVH &9%6
(QWU H 6&
0DVVH
0DVVH
6RUWLH DXGLR *
6RUWLH DXGLR '
(QWU H &9%6 YLG R
0DVVH
(WDW YLG R &9%6
(QWU H DXGLR *
0DVVH DXGLR
(QWU H DXGLR '
,1)250$7,216 *(1(5$/(6
1 ' SDQQDJH
$YDQW G DSSHOHU OH VHUYLFH GH G SDQQDJH YHXLOOH] FRQVXOWHU OH JXLGH GH GLDJQRVWLF GHV SDQQHV
VXU OD SDJH VXLYDQWH SRXU HQ G WHUPLQHU OHV V\PSWÎPHV 3RXU WRXW G SDQQDJH DGUHVVH]YRXV
YRWUH UHYHQGHXU 3DQDVRQLF HQ LQGLTXDQW OH QXP UR GX PRGýOH HW OH QXP UR GH V ULH ILJXUDQW
O DUULýUH GX W O YLVHXU 1 &RQVROHV GH MHX[ 2UGLQDWHXUV SHUVRQQHOV
/ XWLOLVDWLRQ SURORQJ H GH MHX[ YLG R RX G RUGLQDWHXUV SHUVRQQHOV SHXW SURYRTXHU XQ PDUTXDJH
SHUPDQHQW GH O FUDQ G XQ W O YLVHXU &HWWH G W ULRUDWLRQ SHUPDQHQWH GX WXEH FDWKRGLTXH SHXW
ûWUH OLPLW H HQ UHVSHFWDQW OHV FRQVLJQHV VXLYDQWHV - 5 GXLVH] OHV U JODJHV GH OXPLQRVLW HW GH FRQWUDVWH DX PLQLPXP
- 1H ODLVVH] SDV YRWUH W O YLVHXU DOOXP GH PDQLýUH FRQWLQXH ORUVTXH YRXV O XWLOLVH] DYHF XQH
FRQVROH GH MHX YLG R RX XQ RUGLQDWHXU SHUVRQQHO
- &HWWH G W ULRUDWLRQ GX WXEH FDWKRGLTXH Q HVW SDV GXH XQ G IDXW GH IRQFWLRQQHPHQW HW HOOH QH
WRPEH GRQF SDV VRXV OD JDUDQWLH 3DQDVRQLF
1 0LVH HQ YHLOOH DXWRPDWLTXH
6L OH W O YLVHXU Q HVW SDV WHLQW ORUVTXH OD FKDñQH GH W O YLVLRQ FHVVH G PHWWUH OH PRGH GH YHLOOH
V HQFOHQFKHUD DXWRPDWLTXHPHQW DSUýV PLQXWHV &HWWH IRQFWLRQ Q HVW SDV GLVSRQLEOH ORUVTXH OH
W O YLVHXU HVW HQ PRGH $9
1 0LVH HQ P PRLUH GHV GHUQLýUHV V OHFWLRQV
&HUWDLQHV IRQFWLRQV GLVSRVHQW G XQH P PRULVDWLRQ GHV GHUQLýUHV V OHFWLRQV RS U HV FH TXL
VLJQLILH TXH OHV U JODJHV DFWLIV DX PRPHQW RÖ OH W O YLVHXU HVW WHLQW VHURQW U WDEOLV TXDQG OH
W O YLVHXU VHUD UDOOXP ',$*1267,& '(6 3$11(6
,PDJH
6\PSWÎPHV
6RQ
9 ULILHU
/D SRVLWLRQ O RULHQWDWLRQ RX OH UDFFRUGHPHQW
GH O DQWHQQH
,PDJH QHLJHXVH
,PDJH G PXOWLSOL H
3DUDVLWHV
6RQ GLVFRUGDQW
6RQ QRUPDO
6RQ GLVFRUGDQW
,PDJH QRUPDOH
3DV GH VRQ
3DV G LPDJH
3DV GH VRQ
3DV GH FRXOHXU
6RQ QRUPDO
/D SRVLWLRQ O RULHQWDWLRQ RX OH UDFFRUGHPHQW
GH O DQWHQQH
/D SUR[LPLW G DSSDUHLOV OHFWURP QDJHUV
GH YRLWXUHVPRWRF\FOHWWHV G FODLUDJHV
IOXRUHVFHQWV
/H U JODJH GH YROXPH
6L OD FRXSXUH GH VRQ HVW DFWLY H
9HXLOOH] Y ULILHU TXH OH 6\VWýPH 79 HVW
FRUUHFWHPHQW U JO GDQV OH PHQX 5 JODJH
6L OH W O YLVHXU HVW HQ PRGH $9
6L OD SULVH VHFWHXU HVW ELHQ EUDQFK H
6L OH W O YLVHXU HVW DOOXP
6L OHV QLYHDX[ GH VRQ HW G LPDJH VRQW U JO V
DX PLQLPXP
6L OH W O YLVHXU HVW O WDW GH YHLOOH
6L OH U JODJH GHV FRXOHXUV HVW DX PLQLPXP
9HXLOOH] Y ULILHU TXH OH 6\VWýPH FRXOHXU HVW
FRUUHFWHPHQW U JO GDQV OH PHQX 5 JODJH
5 DFFRUGHU OH V FDQDO FDQDX[ 0DXYDLVH LPDJH RX
GLVWRUVLRQ
6RQ IDLEOH RX SDV GH VRQ
7DFKHV GH FRXOHXU
6RQ QRUPDO
,PDJH QRUPDOH
6RQ IDLEOH RX GLVFRUGDQW
6 LO \ D XQH LQWHUI UHQFH PDJQ WLTXH G XQ
TXLSHPHQW QRQ EOLQG
6L OH W O YLVHXU D W G SODF DORUV TX LO WDLW
DOOXP 'DQV FH FDV O WHLQGUH SHQGDQW DX
PRLQV PLQXWHV
/D U FHSWLRQ GX VRQ SHXW V ûWUH G JUDG H
0HWWUH OH U JODJH 03; PHQX 6RQ VXU
0RQR MXVTX FH TXH OD U FHSWLRQ
V DP OLRUH
&$5$&7þ5,67,48(6
7;3='
$OLPHQWDWLRQ
OHFWULTXH
&RQVRPPDWLRQ
&RQVRPPDWLRQ HQ
DWWHQWH
7XEH LPDJH
9 $& +]
:
:
FP
'LDJRQDOH YLVLEOH
6RUWLH DXGLR
PXVLTXH
'LPHQVLRQV
3RLGV
[ : 506 [ : 032 LPS GDQFH :
+
/
3
6\VWýPHV GH
U FHSWLRQQRP GH
EDQGH
3RVLWLRQV GH
SURJUDPPH
1RPEUH GH SDJH GX
W O WH[WH
$QWHQQH DUULýUH
&DVTXH DYDQW
$9 DUULýUH
$9 DYDQW
PP
PP
PP
NJ
3$/ %* 3$/ , 6(&$0 %* 6(&$0 //
9+) ( (
9+) $ + ,7$/,(
&$79 6 6
&$79 6 6 8 8
3$/ '. 6(&$0 '.
9+) + + ,7$/,(
8+) ( (
&$79 6 6 0 0
&$79 6 6 +\SHUEDQG
9+) 5 5
9+) 5 5
9+) 5 5
8+) ( (
3$/ /HFWXUH GHV FDVVHWWHV 176& SDUWLU GH PDJQ WRVFRSHV
'9'5 3$/
0176& HQWU H $9 XQLTXHPHQW /HFWXUH GH PDJQ WRVFRSHV
'9'5 0+]
176& HQWU H $9 XQLTXHPHQW /HFWXUH GH PDJQ WRVFRSHV '9'5
176&
9&5
8+) 9+)
PP LPS GDQFH :
$9 SULVH EURFKHV HQWU HVRUWLH DXGLRYLG R HQWU H 59%
$9 SULVH EURFKHV HQWU HVRUWLH DXGLRYLG R HQWU H 69LG R
$9 [ HQWU HV DXGLR 5&$ [ HQWU H YLG R 5&$
&HV FDUDFW ULVWLTXHV SHXYHQW ûWUH PRGLIL HV VDQV SU DYLV /HV GLPHQVLRQV HW SRLGV LQGLTX V VRQW
DSSUR[LPDWLIV
&6
">