Panasonic TX28PN1D 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; 31'
%,(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 $FFHVVRLUHV *XLGH GH PLVH HQ URXWH UDSLGH &RPPDQGHV SULQFLSDOHV 5 JODJH $73 &RQILJXUDWLRQ
DXWRPDWLTXH 5 JODJH 5 JODJH PDQXHO /DQJXHV 26' $UEUH GX SURJUDPPH )RQFWLRQ 0DJQ WRVFRSH /HFWHXU GH
YLG RGLVTXH '9' 8WLOLVHU OHV PHQXV VXU FUDQ )RQFWLRQ 7 O WH[WH $MXVWDJH GX IRUPDW GH O LPDJH &RQQH[LRQV DXGLR YLG R 0HQX 3ULQFLSDO 6 OHFWLRQ HW FRQILJXUDWLRQ $9 ,PDJH )LFKHV IURQWDOHV 6RQ 3ULVHV DUULýUH &RQILJXUDWLRQ %URFKDJH GHV SULVHV 3(5,7(/ 5 JODJH 'LDJQRVWLF GHV SDQQHV 5 JODJH 3URJUDPPH V OHFWLRQ ,QIRUPDWLRQV JHQHUDOHV *XLGH GHV SURJUDPPHV &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
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 &2162/(6 '( -(8; 25',1$7(856
3(56211(/6
/ 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 0,6( (1 9(,//( $8720$7,48(
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
$&&(662,5(6
9 ULILH] TXH YRXV GLVSRVH] ELHQ GHV DFFHVVRLUHV VXLYDQWV
0RGH G HPSORL
T
7 O FRPPDQGH (85$
&DFKH GH FRQQHFWLRQV
$9 7.3(
3LOHV SRXU W O FRPPDQGH
[ 5 80
*DUDQWLF 3DQ (XURS HQQH
3LOHV SRXU W O FRPPDQGH
7LUH] HW WHQH] OH FURFKHW SXLV
RXYUH] OH FRXYHUFOH GHV SLOHV
5HPHWWUH OH
FRXYHUFOH HQ SODFH
0HWWUH OHV SLOHV O LQW ULHXU ELHQ UHVSHFWHU
OD SRODULW FRUUHFWH
$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
5þ&(37(85
6$7(//,7(
$9
$9
28
$9
9&5 '9'5
$9
9 ULILH] G DERUG TXH OH PDJQ WRVFÊSH
'9'5 HVW HQ PRGH YHLOOH
%UDQFKH] OH W O YLVHXU HW DOOXPH]OH
*8,'( '( 0,6( (1 5287( 5$3,'(
6 OHFWLRQQH] OH
SD\V GH YRWUH
FKRL[
$SSX\H] VXU OH
ERXWRQ URXJH
/D FRQILJXUDWLRQ DXWRPDWLTXH YD
FRPPHQFHU OHV FKDñQHV VRQW LGHQWLIL HV
HW P PRULV HV
(;,7
7HUPLQDLVRQ GH OD V TXHQFH
$73DSSX\H] VXU OD
WRXFKH (;,7
9RXV SRXYH] SU VHQW UHJDUGHU
QRUPDOHPHQW YRV PLVVLRQV
&HV ERXWRQV DVVXUHQW GHX[
IRQFWLRQV GH EDVH
5 JODJH GX YROXPH
&KDQJHPHQW GH FKDñQH
&200$1'(6 35,1&,3$/(6 )$—$'( (7 7þ/þ&200$1'(
$OLPHQWDWLRQ
6(&7(85 ERXWRQ
0DUFKH$UUûW
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
%RXWRQ GX JXLGH GHV SURJUDPPHV
$SSX\HU SRXU UHSU VHQWHU OD OLVWH GH
SURJUDPPHV 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 (GLWLRQ GH
SURJUDPPH RX &RQILJXUDWLRQ
PDQXHOOH DSSX\H] HW HQWUH] OH FDQDO
YRXOX O DLGH GHV WRXFKHV
QXP ULTXHV $SSX\HU VXU OH ERXWRQ &
GHX[ IRLV SRXU V OHFWLRQQHU
GLUHFWHPHQW XQ FDQDO HQ K\SHUEDQG
7RXFKH DXJPHQWDWLRQ GLPLQXWLRQ GH FDQDO
7RXFKH GH FRPPDQGH $VSHFW
SDJH %RXWRQ 1 QRUPDOLVHU
5HPHW WRXWHV OHV YDOHXUV OHXU
QLYHDX SDU G IDXW
3ULVH FDVTXH
SDJH 3ULVHV DXGLRYLG R 5&$
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
&RXSXUH GX VRQ
7HPSRULVDWHXU GH O DUUûW LO
DUUûWH OH W O YLVHXU HQ WHPSV
FRQVLJQ GH PLQXWHV
DYHF OHV LQWHUYDOOHV GH PLQXWHV
6 OHFWLRQ HQWUH PRGHV
W O YLVHXU HW HQWU H $XGLR 9LG R SDJH &XUVHXUV SHUPHWWDQW OHV
V OHFWLRQV HW U JODJHV
4XLWWHU OH PHQX
7RXFKHV GH FRXOHXU SRXU
IRQFWLRQV þGLWLRQ GHV
SURJUDPPHV SDJH )RQFWLRQV 7 O WH[WH SDJH 6 OHFWLRQ $9 SDJH 7RXFKHV GH FKDQJHPHQW GH
SURJUDPPHFKDñQH HW WRXFKH
7 O WH[WH SDJH %RXWRQ G LQIRUPDWLRQ
$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 DXJPHQWDWLRQ GLPLQXWLRQ GX YROXPH
7RXFKHV PDJQ WRVFRSH /HFWHXU GH GLVTXHV '9'
SDJH $5%5( '8 352*5$00(
0(18
0HQX
SULQFLSDO
,PDJH
6RQ
&RQILJXUDWLRQ
,PDJH
0RGH ,PDJH
&RQWUDVWH
/XPLQRVLWp
&RXOHXU
1HWWHWp
7HLQWH SRXU
176&
7HPS FRXOHXU
315
6RQ
*UDYH
$LJX
%DODQFH
03;
0RGH
$PELDQFH
&RQILJXUDWLRQ
6RUW $9
7pOpWH[WH
0LQXWHULH YHLOOH
/DQJXH GH WH[WH
5pJODJH
/DQJXHV 26'
$63(&7
)RUPDW GH O¶LPDJH
3DQDVRQLF $XWR
$VSHNW
=RRP =RRP 5pJODJH
3URJDPPH VpOHFWLRQ
5HFKHUFKH DXWR
5pJODJH PDQXHO
5pJODJH ILQ
6\VWqPH FRXOHXU
&RUUHFWLRQ YROXPH
3URJUDPPH
VpOHFWLRQ
(IIDFHU
,QVpUHU
&KDQJHU
5HFKHUFKH DXWR
$WWHQWLRQ
/DQJXHV 26'
'HXWVFK
(QJOLVK
)UDQoDLV
,WDOLDQR
(//+1,.$
ýHãWLQD
5RPkQ
3ROVNL
(VSDxRO
1RUVN
'DQVN
6YHQVND
0DJ\DU
5XVVNLM
6ORYHQVN\
6USVNL
1HGHUODQGV
6XRPL
7UNoH
3RUWXJXrV
+UYDWVNL
%XOJDULDQ
6ORYHQVNR
3D\V
'HXWVFKODQG
gVWHUUHLFK
)UDQFH
,WDOLD
(VSDxD
3RUWXJDO
1HGHUODQG
'DQPDUN
6YHULJH
1RUJH
6XRPL
%HOJLXP
6FKZHL]
(//$'$
3ROVND
ýHVNi UHSXEOLND
0DJ\DURUV]iJ
((X
5pJODJH PDQXHO
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
7LWUH GH PHQX
0HQX SULQFLSDO
6RXVPHQXV
,PDJH
6RQ
&RQILJXUDWLRQ
&KRLVLU
$FFpGHU
,QVWUXFWLRQV
6RUWLU
5HYHQLU
,PDJH
0RGH ,PDJH
&RQWUDVWH
/XPLQRVLWp
&RXOHXU
1HWWHWp
7HPS FRXOHXU
315
'\QDPLTXH
,QGLFDWHXU G RSWLRQ
%DU GH V OHFWLRQ
1RUPDO
$XWR
&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 (;,7 SHUPHW GH VRUWLU GX V\VWýPH GH PHQX HW GH UHYHQLU O FUDQ 79
QRUPDO
(;,7
%RXWRQ 1 QRUPDOLVHU 5HPHW WRXWHV OHV YDOHXUV OHXU QLYHDX SDU G IDXW
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 $-867$*( '8 )250$7 '( / ,0$*(
&H W O YLVHXU JUDQG FUDQ YRXV SHUPHW GH UHJDUGHU O LPDJH DX PHLOOHXU IRUPDW
\ FRPSULV OHV LPDJHV JUDQG FUDQ kIRUPDW FLQ PD k
$SSX\H] SOXVLHXUV IRLV VXU OH ERXWRQ $63(&7 SRXU SDVVHU HQWUH OHV VHSW RSWLRQV
G DVSHFW 3DQDVRQLF $XWR þODUJL =RRP HW =RRP
28
$SSX\H] VXU OH ERXWRQ $63(&7 SXLV XWLOLVH] OH ERXWRQ 528*( RX 9(57 SRXU
IDLUH G ILOHU OHV RSWLRQV G DVSHFW GDQV XQH GLUHFWLRQ RX GDQV O DXWUH
$63(&7
3DQDVRQLF $XWR
3DQDVRQLF $XWR
3DQDVRQLF $XWR G WHUPLQH OH PHLOOHXU UDSSRUW
G DVSHFW XWLOLVHU SRXU DIILFKHU O LPDJH TXH YRXV
UHJDUGH] 8QH SURF GXUH HQ TXDWUH WDSHV HVW
XWLOLV H SRXU G WHUPLQHU VL O LPDJH DIILFK H HVW XQH
LPDJH JUDQG FUDQ
6L 3DQDVRQLF $XGLR G WHFWH XQ VLJQDO JUDQG FUDQ LO
SDVVH HQ PRGH JUDQG FUDQ 6L 3DQDVRQLF $XWR
!!
QH G WHFWH SDV XQ VLJQDO JUDQG
FUDQ YRWUH W O YLVHXU RSWLPLVH O LPDJH SRXU OD UHQGUH OD SOXV DJU DEOH SRVVLEOH UHJDUGHU /H
WH[WH DIILFK O FUDQ LQGLTXH FRPPHQW 3DQDVRQLF $XGLR D G FLG GX IRUPDW XWLOLVHU
€ /$5*(  HVW DIILFK O DQJOH VXS ULHXU JDXFKH GH O FUDQ VL XQ VLJQDO G LGHQWLILFDWLRQ JUDQG
FUDQ :66 HVW LGHQWLIL RX VL XQ VLJQDO HVW WURXY VXU XQH ILFKH 3HULW O 3DQDVRQLF $XGLR SDVVH
DORUV HQ PRGH JUDQG FUDQ € 3DQDVRQLF $XGLR  HVW DIILFK O DQJOH VXS ULHXU JDXFKH GH O FUDQ VL XQH EDQGH QRLUH HQ KDXW
HW HQ EDV GH O LPDJH HVW G WHFW H 3DQDVRQLF $XGLR FKRLVLW OH PHLOOHXU IRUPDW HW ODUJLW O LPDJH
SRXU UHPSOLU O FUDQ &H SURFHVVXV SHXW SUHQGUH SOXVLHXUV PLQXWHV VHORQ OHV FRXOHXUV GH O LPDJH
6L YRXV SU I UH] YRXV SRXYH] JDOHPHQW V OHFWLRQQHU O XQ RX O DXWUH GHV PRGHV GLVSRQLEOHV SRXU
DIILFKHU O LPDJH
1RWHV
- 6L HQ PRGH 3DQDVRQLF $XWR OD WDLOOH GH O LPDJH Q HVW SDV VDWLVIDLVDQWH ORUVTXH YRXV SDVVH] GHV
SURJUDPPHV HQ JUDQG FUDQ HQUHJLVWU V VXU YRWUH PDJQ WRVFÊSH '9'5 LO VH SHXW TXH OD
FRPPDQGH $OLJQHPHQW GH YRWUH PDJQ WRVFÊSH '9'5 DLW EHVRLQ G XQ U JODJH FRQVXOWH] OH
PDQXHO GH YRWUH PDJQ WRVFÊSH '9'5 - /HV UDSSRUWV G DVSHFW JUDQG FUDQ GHV ILOPV HW SURJUDPPHV GLYHUV SHXYHQW YDULHU 6L OHV YDOHXUV
VRQW VXS ULHXUHV XQH LPDJH VWDQGDUG LO VH SHXW TX XQH EDQGH QRLUH DSSDUDLVVH HQ KDXW HW HQ
EDV GH O FUDQ
DIILFKH XQH Y ULWDEOH LPDJH DQDPRUSKRV H VDQV DXFXQH GLVWRUVLRQ
!!
$-867$*( '8 )250$7 '( / ,0$*(
/ FUDQ DIILFKHUD XQH LPDJH DX IRUPDW OHWWHUER[ RX DX IRUPDW VDQV GLVWRUVLRQV GHV
GLPHQVLRQV
þODUJL
8WLOLVH] FH PRGH ORUVTXH YRXV G VLUH] DJUDQGLU
XQH LPDJH SRXU TX HOOH RFFXSH WRXW O FUDQ
DX OLHX GH UHJDUGHU XQH PLVVLRQ DYHF GHV
EDQGHV QRLUHV GH SDUW HW G DXWUH GH O LPDJH / LPDJH VHUD WLU H KRUL]RQWDOHPHQW SRXU
TX HOOH RFFXSH WRXW O FUDQ /D G IRUPDWLRQ GH
O LPDJH HVW YLVLEOH XQLTXHPHQW DX ERUG GURLW HW
JDXFKH GH O FUDQ
!!
eODUJL
!!
þODUJL
DIILFKH XQH LPDJH DX IRUPDW VWDQGDUG
VDQV GLVWRUVLRQ
!!
=RRP
=RRP
=RRP DIILFKH GHV LPDJHV € ERñWH DX[ OHWWUHV  GH
IRUPDW RX VDQV GLVWRUVLRQ
!!
=RRP =RRP
=RRP DIILFKH OHV LPDJHV kERñWH DX[ OHWWUHVl
DQDPRUSKRV HV VXU WRXW O FUDQ VDQV
GLVWRUVLRQ
=RRP
!!
=RRP 0(18 35,1&,3$/
&H PHQX YRXV SHUPHW G HQWUHU GDQV OH 0HQX LPDJH HW VRQ HW GDQV OH 0HQX
&RQILJXUDWLRQ
2XYUH] OH PHQX 3ULQFLSDO
0(18
0HQX SULQFLSDO
,PDJH
6RQ
&RQILJXUDWLRQ
6 OHFWLRQQH] O RSWLRQ GH YRWUH
FKRL[
$XJPHQWH] RX U GXLVH] OHV
QLYHDX[ RX U JOH] O WDW GHV
RSWLRQV
$SSX\H] VXU OD WRXFKH (;,7 SRXU
VRUWLU GX PHQX 3ULQFLSDO
&KRLVLU
$FFpGHU
(;,7
6RUWLU
5HYHQLU
,PDJH
&H PHQX YRXV SHUPHW G HIIHFWXHU WRXV OHV U JODJHV GH TXDOLW GH O LPDJH
6RQ
/H PHQX 6RQ YRXV SHUPHW GH U JOHU WRXV OHV DVSHFWV GX VRQ VHORQ YRV
SU I UHQFHV
&RQILJXUDWLRQ
/H PHQX &RQILJXUDWLRQ YRXV SHUPHW G DFF GHU GLYHUVHV IRQFWLRQV YROX HV
DLQVL TX DX PHQX 5 JODJH
,0$*(
&H PHQX YRXV SHUPHW G HIIHFWXHU WRXV OHV U JODJHV GH TXDOLW GH O LPDJH
2XYUH] OH PHQX 3ULQFLSDO
0(18
,PDJH
0RGH ,PDJH
&RQWUDVWH
/XPLQRVLWp
&RXOHXU
1HWWHWp
7HPS FRXOHXU
315
$OOH] DX PHQX ,PDJH
(QWUH] GDQV OH PHQX ,PDJH
'\QDPLTXH
1RUPDO
$XWR
6 OHFWLRQQH] O RSWLRQ GH YRWUH
FKRL[
&KRLVLU
0RGLILFDWLRQ
$XJPHQWH] RX GLPLQXH] OHV
QLYHDX[ RX U JOH] O WDW GHV
RSWLRQV
6RUWLU
5HYHQLU
$SSX\H] VXU OD WRXFKH (;,7
SRXU VRUWLU GX PHQX ,PDJH
0RGH ,PDJH
&RQWUDVWH
/XPLQRVLW
&RXOHXU
7HLQWH
SRXU 176&
1HWWHW
(;,7
,PDJH
0RGH ,PDJH
&RQWUDVWH
/XPLQRVLWp
&RXOHXU
1HWWHWp
7HPS FRXOHXU
315
1RUPDO
/H 0RGH ,PDJH GDQV OH
1RUPDO
0HQX LPDJHV YRXV SHUPHW
$XWR
GH V OHFWLRQQHU PRGLILHU HW
HQUHJLVWUHU WURLV GLII UHQWV
U JODJHV GH O LPDJH ,PDJH
'\QDPLTXH 1RUPDO DQG 0RGH ,PDJH
&LQpPD
&LQ PD
&RQWUDVWH
'DQV FKDTXH V OHFWLRQ GX /XPLQRVLWp
0RGH ,PDJH YRXV SRXYH] &RXOHXU
FKRLVLU HW HQUHJLVWUHU OH 1HWWHWp
FRQWUDVWH OD OXPLQRVLW OD 7HPS FRXOHXU
1RUPDO
HLQWH
SRXU
176& 315
$XWR
H[FOXVLYHPHQW OD FRXOHXU
HW QHWWHW G DSUýV YRV GHPDQGHVW 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
/HV QLYHDX[ GH FRQWUDVWH OXPLQRVLW FRXOHXU WHLQWH SRXU 176& H[FOXVLYHPHQW
HW QHWWHW SHXYHQW ûWUH U JO V VHORQ YRV SU I UHQFHV
7HPS FRXOHXU /H U JODJH G TXLOLEUDJH GHV FRXOHXUV YRXV SHUPHW GH U JOHU OD FRXOHXU
315
GRPLQDQWH GH O LPDJH
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
2XYUH] OH PHQX 3ULQFLSDO
0(18
6RQ
$OOH] DX PHQX 6RQ
*UDYH
$LJX
%DODQFH
03;
0RGH
$PELDQFH
(QWUH] GDQV OH PHQX 6RQ
6WHUHR
0XVLTXH
1RQ
6 OHFWLRQQH] O RSWLRQ
GH YRWUH FKRL[
&KRLVLU
5pJOHU
$XJPHQWH] RX GLPLQXH]
OHV QLYHDX[ RX U JOH] O WDW
GHV RSWLRQV
6RUWLU
5HYHQLU
$SSX\H] VXU OD WRXFKH (;,7
SRXU VRUWLU GX PHQX 6RQ
(;,7
*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
&RQILJXUDWLRQ
6RUW $9
7pOpWH[WH
0LQXWHULH YHLOOH
/DQJXH GH WH[WH
5pJODJH
/DQJXHV 26'
$OOH] DX PHQX &RQILJXDUWLRQ
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
6 OHFWLRQQH] O RSWLRQ GH
YRWUH FKRL[
&KRLVLU
0RGLILFDWLRQ
$XJPHQWH] RX GLPLQXH] OHV
QLYHDX[ RX U JOH] O WDW GHV
RSWLRQV
$SSX\H]VXUODWRXFKH(;,7SRXU
VRUWLU GX PHQX &RQILJXUDWLRQ
79
723
1RQ
2XHVW
(;,7
6RUWLU
5HYHQLU
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 OH VLJQDO G HQWU H $9 $9 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 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
6\VWýPH FRXOHXU
&RUUHFWLRQ YROXPH
6\VWýPH FRXOHXU HW FRUUHFWLRQ YROXPH SDJH SRXU$9H[FOXVLYHPHQW
/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
DQJODLV IUDQ˜DLV DOOHPDQG JUHF LWDOLHQ HVSDJQRO VX GRLV
WXUF
(VW
DQJODLV HVWRQLHQ OHWWRQ URXPDLQ UXVVH XNUDLQLHQ OLWXDQLHQ
(VW
WFKýTXH KRQJURLV OHWWRQ SRORQDLV URXPDLQ OLWXDQLHQ
5 JODJH
/H PHQX 5 JODJH YRXV GRQQH DFFýV GH QRPEUHXVHV DXWUHV IRQFWLRQV
GRQW (GLWLRQ GHV SURJUDPPHV )RQFWLRQ $73 5 JODJH ILQ 6\VWýPH
FRXOHXU HW &RUUHFWLRQ YROXPH SDJH /DQJXHV 26'
/H PHQX /DQJXHV 26' YRXV SHUPHW GH FKDQJHU OD ODQJXH XWLOLV H VXU WRXV
OHV PHQXV G FUDQ SDJH 5þ*/$*(
/H PHQX 5 JODJH YRXV SHUPHW G DFF GHU DX[ PHQXV 5 JODJH PDQXHO 5 JODJH
DXWRPDWLTXH HW 5 JODJH ILQ
0(18
2XYUH] OH PHQX 3ULQFLSDO
&+
$OOH] DX PHQX &RQILJXUDWLRQ
5pJODJH
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
3URJUDPPH VpOHFWLRQ $FFpGHU
5HFKHUFKH DXWR
5pJODJH PDQXHO
5pJODJH ILQ
6\VWqPH FRXOHXU
$XWR
&RUUHFWLRQ YROXPH
$OOH] DX PHQX 5 JODJH
(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 (;,7
SRXU VRUWLU
&KRLVLU
$FFpGHU
0pPR
6RUWLU
5HYHQLU
(;,7
3URJUDPPH
V OHFWLRQ
/ DFFýV DX PHQX 3URJUDPPH V OHFWLRQ YRXV SHUPHW GH G SODFHU
G LQV UHU G HIIDFHU GH QRPPHU HW GH EORTXHU OHV FKDñQHV HW G DFF GHU DX
V\VWýPH 79 SDJH 5HFKHUFKH DXWR
/H PHQX 5HFKHUFKH DXWR YRXV SHUPHW GH UHFRQILJXUHU DXWRPDWLTXHPHQW
YRWUH W O YLVHXU SDJH 5 JODJH PDQXHO
/H PHQX 5 JODJH PDQXHO YRXV SHUPHW GH U JOHU PDQXHOOHPHQW OHV
SRVLWLRQV GH SURJUDPPHV LQGLYLGXHOV SDJH 5 JODJH ILQ
&HWWH RSWLRQ YRXV SHUPHW G HIIHFWXHU OH U JODJH G DFFRUG ILQ GHV FKDñQHV
6\VWýPH FRXOHXU
/H PHQX 6\VWýPH FRXOHXU YRXV SHUPHW GH FKRLVLU OH VWDQGDUG GH
WUDQVPLVVLRQ FRUUHFW
&RUUHFWLRQ YROXPH
9RXV SHUPHW GH U JOHU OH QLYHDX GH YROXPH GH FKDTXH FKDñQH LQGLYLGXHOOH
5þ*/$*( 352*5$00( 6þ/(&7,21
/H PHQX 3URJUDPPH V OHFWLRQ YRXV SHUPHW G DMXVWHU OHV U JODJHV GH SRVLWLRQ
GHV SURJUDPPHV
2XYUH] OH PHQX 3ULQFLSDO
0(18
&+
$OOH] DX PHQX &RQILJXUDWLRQ
5pJODJH
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
3URJUDPPH VpOHFWLRQ $FFpGHU
5HFKHUFKH DXWR
5pJODJH PDQXHO
5pJODJH ILQ
6\VWqPH FRXOHXU
$XWR
&RUUHFWLRQ YROXPH
$OOH] DX PHQX 5 JODJH
&KRLVLU
$FFpGHU
0pPR
6RUWLU
5HYHQLU
(QWUH] GDQV OH PHQX 5 JODJH
$OOH] DX PHQX þGLWLRQ GHV
SURJUDPPHV
3URJUDPPH VpOHFWLRQ
(QWUH] GDQV OH PHQX þGLWLRQ GHV
SURJUDPPHV
(IIHFWXH] OHV FKDQJHPHQWV YRXOXV
UHSRUWH]YRXV DX[ VHFWLRQV
VXLYDQWHV
$SSX\H] VXU OD WRXFKH 2. SRXU
0 PRULVHU OHV FKDQJHPHQWV
$SSX\H] VXU OD WRXFKH (;,7
SRXU VRUWLU GX PHQX 3URJUDPPH
V OHFWLRQ
3RXU HIIDFHU XQH SRVLWLRQ GH
SURJUDPPH LQXWLOH
&KRLVLVVH] OD SRVLWLRQ GH
SURJUDPPH
$SSX\H] VXU OD WRXFKH URXJH
GH OD W O FRPPDQGH
(;,7
3URJ
&K
1RP
%ORTXHU
6\V
&+
;<=
1RQ
1RQ
1RQ
1RQ
1RQ
6&
6&
6&
6&
6&
&KDQJHU SURJUDPPH
6pOHFWLRQQHU
0pPR
6RUWLU
5HYHQLU
(IIDFHU ,QVpUHU &KDQJHU
3URJUDPPH VpOHFWLRQ
3URJ
&K
1RP
%ORTXHU
6\V
&+
;<=
1RQ
1RQ
1RQ
1RQ
1RQ
6&
6&
6&
6&
6&
&KDQJHU SURJUDPPH
6pOHFWLRQQHU
$SSX\H] XQH QRXYHOOH IRLV VXU
OD WRXFKH URXJH SRXU YDOLGHU
6RUWLU
5HYHQLU
(IIDFHU
$QQXOHU
5þ*/$*( 352*5$00( 6þ/(&7,21
3RXU DMRXWHU XQH SRVLWLRQ GH
SURJUDPPH
&KRLVLVVH] OD SRVLWLRQ GH
SURJUDPPH RÖ VHUD LQV U OH
QRXYHDX SURJUDPPH
$SSX\H] VXU OD WRXFKH YHUWH
3URJUDPPH VpOHFWLRQ
3URJ
&K
1RP
%ORTXHU 6\V
&+
;<=
1RQ
1RQ
1RQ
1RQ
1RQ
&KDQJHU SURJUDPPH
6pOHFWLRQQHU
$SSX\H] GH QRXYHDX VXU OD
WRXFKH YHUWH SRXU YDOLGHU
6RUWLU
5HYHQLU
,QVpUHU
&HWWH SRVLWLRQ YLHUJH SHXW
PDLQWHQDQW ûWUH FRQILJXU H
QRPP H EORTX H HW XWLOLV H SRXU OH
V\VWýPH GH W O YLVLRQ GH YRWUH FKRL[
3RXU G SODFHU XQ SURJUDPPH
XQH DXWUH SRVLWLRQ
6 OHFWLRQQH] OD SRVLWLRQ TXH
YRXV VRXKDLWH] G SODFHU
$SSX\H] VXU OD WRXFKH MDXQH GH
OD W O FRPPDQGH
6&
6&
6&
6&
6&
$QQXOHU
3URJUDPPH VpOHFWLRQ
3URJ
&K
1RP
%ORTXHU
6\V
&+
;<=
1RQ
1RQ
1RQ
1RQ
1RQ
6&
6&
6&
6&
6&
6 OHFWLRQQH] OD QRXYHOOH SRVLWLRQ
7UDQVIHUW SURJUDPPH
6pOHFWLRQQHU
$SSX\H] GH QRXYHDX VXU OD
WRXFKH MDXQH SRXU YDOLGHU
6RUWLU
5HYHQLU
&RQILUPHU
3RXU U JOHU XQH SRVLWLRQ GH
SURJUDPPH
6 OHFWLRQQH] OD SRVLWLRQ GH
SURJUDPPH
$OOH] OD FRORQQH &DQDO
$XJPHQWH] RX U GXLVH] OH
QXP UR GH FDQDO RX XWLOLVH] OD
WRXFKH & SRXU O DFFýV GLUHFW
DX FDQDO DSSX\HU VXU OH ERXWRQ
& GHX[ IRLV SRXU V OHFWLRQQHU
GLUHFWHPHQW XQ FDQDO HQ
K\SHUEDQG SDJH 3URJUDPPH VpOHFWLRQ
$QQXOHU
3URJ
&K
1RP
%ORTXHU
6\V
&+
;<=
1RQ
1RQ
1RQ
1RQ
1RQ
6&
6&
6&
6&
6&
0RGLILHU OD FKDvQH
6pOHFWLRQQHU
0pPR
6RUWLU
5HYHQLU
5þ*/$*( 352*5$00( 6þ/(&7,21
3RXU FKDQJHU OH QRP G XQH
SRVLWLRQ GH SURJUDPPH
&KRLVLVVH] OD SRVLWLRQ YRXOXH
3RVLWLRQQH]YRXV VXU OH QRP
6 OHFWLRQQH] OH QRXYHDX SUHPLHU
FDUDFWýUH
3RVLWLRQQH]YRXV VXU OH VHFRQG
FDUDFWýUH
&RQWLQXH] MXVTX DX FKDQJHPHQW
FRPSOHW GX QRP
3RXU EORTXHU XQH SRVLWLRQ GH
SURJUDPPH DILQ G HQ LQWHUGLUH
O DFFýV
6 OHFWLRQQH] OD SRVLWLRQ G VLU H
3RVLWLRQQH]YRXV VXU OD FRORQQH
%ORFDJH
3URJUDPPH VpOHFWLRQ
3URJ
&K
1RP
%ORTXHU 6\V
&+
;<=
1RQ
1RQ
1RQ
1RQ
1RQ
$%&'()*+,-./01234567
89:;<= &KDQJHU FDUDFWLUH
6pOHFWLRQQHU
0pPR
6RUWLU
5HYHQLU
3URJUDPPH VpOHFWLRQ
3URJ
&K
1RP
%ORTXHU 6\V
&+
;<=
1RQ
1RQ
1RQ
1RQ
1RQ
6 OHFWLRQQH] OD SRVLWLRQ G VLU H
3RVLWLRQQH]YRXV VXU OD
FRORQQH 6\V
&KRLVLVVH] OH V\VWýPH YRXOX 6& 3$/ %* 6(&$0 %*
6& 3$/ ,
6& 3$/ '. 6(&$0 '.
)
6(&$0 //
6&
6&
6&
6&
6&
%ORTXHU RXL QRQ
6pOHFWLRQQHU
0pPR
6RUWLU
5HYHQLU
6 OHFWLRQQH] O WDW %ORFDJH
DFWLY RX G VDFWLY
1RWH
4XDQG XQH SRVLWLRQ GH SURJUDPPH HVW
EORTX H O DFFýV GLUHFW DX FDQDO HQ XWLOLVDQW
OD WRXFKH & HW OHV WRXFKHV QXP ULTXHV GH OD
W O FRPPDQGH Q HVW SDV GLVSRQLEOH
3RXU FKDQJHU OH V\VWýPH 79 SRXU
XQH SRVLWLRQ GH SURJUDPPH YRXOXH
6&
6&
6&
6&
6&
3URJUDPPH VpOHFWLRQ
3URJ
&K
1RP
%ORTXHU
6\V
&+
;<=
1RQ
1RQ
1RQ
1RQ
1RQ
6&
6&
6&
6&
6&
0RGLILHU OH V\VWqPH 79
6pOHFWLRQQHU
0pPR
6RUWLU
5HYHQLU
*8,'( '(6 352*5$00(6
/H ERXWRQ GX *XLGH GHV SURJUDPPHV IDLW YRLU OD OLVWH GH SURJUDPPHV
$SSX\HU OH ERXWRQ *8,'(
VXU OD W O FRPPDQGH SRXU
IDLUH UHSU VHQWHU OD OLVWH
GH SURJUDPPHV
*8,'(
*XLGH GHV SURJUDPPHV
'DQV OH FDGUH GH FHWWH OLVWH
XWLOLVHU OHV FRXUVHXUV SRXU
IDLUH \ PRXYRLU OD EDUUH
8WLOLVHU OH ERXWRQ SRXU
OH FKDQJHPHQW GH
SURJUDPPHV YHUV EDV YHUV
KDXW HQ IHXLOOHWDQW OHV SDJHV
GX OLVWH
&K
3URJ 1RP
9&5
&+
+
+
+
+
+
+
+
+
+
+
+
+
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
&KRLVLU
&KRLVLU
&RQILUPHU
6RUWLU
(Q DSSX\DQW VXU OH ERXWRQ
2. V OHFWLRQQHU YRWUH
SURJUDPPH GHPDQG
6RUWLU GH OD OLVWH HQ DSSX\DQW
VXU OHV ERXWRQV (;,7 RX
*8,'(
3URJ 1RP
(;,7 *8,'(
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
1DPH
3DJH 3DJH &K
+
+
+
+
+
+
+
+
+
+
+
+
+
5þ*/$*( $73 &21),*85$7,21 $8720$7,48(
/H PHQX &RQILJXUDWLRQ DXWRPDWLTXH 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
0(18
$OOH] DX PHQX &RQILJXUDWLRQ
$WWHQWLRQ
$73 HIIDFHUD OHV GRQQpHV DFWXHOOHV
HW H[pFXWHUD XQ QRXYHDX UpJODJH
'pEXW $73
6RUWLU
5HYHQLU
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
$OOH] DX PHQX 5 JODJH
(QWUH] GDQV OH PHQX
5 JODJH
$OOH] DX PHQX &RQILJXUDWLRQ
DXWR
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ DXWR
$SSX\H] SRXU FRQILUPHU HW
FRPPHQFHU
6 OHFWLRQQH] OH SD\V
$SSX\H] SRXU ODQFHU OD
FRQILJXUDWLRQ DXWRPDWLTXH
$73
/H W O YLVHXU YD FKHUFKHU LGHQWLILHU
HW WULHU GDQV O RUGUH OHV FKDñQHV GH
W O YLVLRQ ORFDOHV
8QH IRLV FHWWH RS UDWLRQ WHUPLQ H OH
W O YLVHXU DIILFKHUD OD SRVLWLRQ GH
SURJUDPPH 3D\V
'HXWVFKODQG
gVWHUUHLFK
)UDQFH
,WDOLD
(VSDxD
3RUWXJDO
1HGHUODQG
'DQPDUN
6YHULJH
1RUJH
6XRPL
%HOJLTXH
6XLVVH
(//$'$
3ROVND
ýHVNi UHSXEOLND
0DJ\DURUV]iJ
((X
&KRLVLU SD\V
'pEXW $73
6RUWLU
5HYHQLU
&+
$73 (1 &2856
5(&+(5&+( $77(1'(= 693
&+ ;<=
6RUWLU
5HYHQLU
5þ*/$*( 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
&+
$OOH] DX PHQX &RQILJXUDWLRQ
5pJODJH
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
3URJUDPPH VpOHFWLRQ
5HFKHUFKH DXWR
5pJODJH PDQXHO
$FFpGHU
5pJODJH ILQ
6\VWqPH FRXOHXU
$XWR
&RUUHFWLRQ YROXPH
$OOH] DX PHQX 5 JODJH
&KRLVLU
$FFpGHU
0pPR
6RUWLU
5HYHQLU
(QWUH] GDQV OH PHQX 5 JODJH
$OOH] 5 JODJH PDQXHO
(QWUH] GDQV 5 JODJH PDQXHO
&+
6 OHFWLRQQH] OD SRVLWLRQ GH
SURJUDPPH G VLU H
5pJODJH PDQXHO
&RPPHQFH] OH U JODJH
4XDQG OH SURJUDPPH YRXOX HVW
ORFDOLV DSSX\H] VXU 2. SRXU
P PRULVHU
$SSX\H] VXU OD WRXFKH (;,7 SRXU
VRUWLU GX PHQX 5 JODJH PDQXHO
(;,7
5HFKHUFKH EDVKDXW
0pPR
6RUWLU
5HYHQLU
& $FF V GLUHFW
5þ*/$*( 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 $SSX\H] VXU OD WRXFKH 79$9
SRXU DOWHUQHU HQWUH &KDQJHU
SURJUDPPH 5HFKHUFKH RX
&KDQJHU V\VWýPH 79
$SSX\H] VXU RX SRXU
FKDQJHU GH SRVLWLRQ GH
SURJUDPPH FRPPHQFHU OD
UHFKHUFKH RX FKDQJHU OH
V\VWýPH 79
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
)
Y
79$9
Y
675
5pJODJH PDQXHO
) 1RQ
675
)
)
2XL
9 š 79$9
&+
6&
5pJODJH PDQXHO
79$9 675
)
'pEXWHU 5HFKHUFKH
'pSODFHU OH FXUVHXU
3RXU PpPR
3RXU VRUWLU
/$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
&RQILJXUDWLRQ
6RUW $9
7pOpWH[WH
0LQXWHULH YHLOOH
/DQJXH GH WH[WH
5pJODJH
/DQJXHV 26'
$OOH] DX PHQX &RQILJXUDWLRQ
(QWUH] GDQV OH PHQX
&RQILJXUDWLRQ
79
723
1RQ
2XHVW
$FFpGHU
&KRLVLU
$FFpGHU
$OOH] DX PHQX /DQJXHV
26'
6RUWLU
5HYHQLU
(QWUH] GDQV OH PHQX
/DQJXHV 26'
6 OHFWLRQQH] O RSWLRQ GH
YRWUH FKRL[
$SSX\H] VXU OD WRXFKH (;,7
SRXU YDOLGHU YRWUH V OHFWLRQ
HW VRUWLU
/DQJXHV 26'
(;,7
'HXWVFK
(QJOLVK
)UDQoDLV
,WDOLDQR
(//+1,.$
ýHãWLQD
5RPkQ
3ROVNL
(VSDxRO
1RUVN
'DQVN
6YHQVND
0DJ\DU
5XVVNLM
6ORYHQVN\
6USVNL
&KRLVLU ODQJXHV
&KRLVLU ODQJXHV
6RUWLU
5HYHQLU
1HGHUODQGV
6XRPL
7UNoH
3RUWXJXrV
+UYDWVNL
%XOJDULDQ
6ORYHQVNR
)21&7,21 0$*1þ726&23( /(&7(85 '( 9,'þ2',648(6 '9'
&HWWH W O FRPPDQGH SHXW ûWUH XWLOLV H DYHF FHUWDLQV PDJQ WRVFRSHV HW OHFWHXUV GH YLG RGLVTXHV DX
IRUPDW '9' 'LJLWDO 9HUVDWLOH 'LVF GH OD PDUTXH 3DQDVRQLF þWDQW GRQQ TXH FHUWDLQV
PDJQ WRVFRSHV HW OHFWHXUV GH YLG RGLVTXHV 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 '9'5
8WLOLVH] FHWWH WRXFKH SRXU TXH OD W O FRPPDQGH FRPPDQGH OH
PDJQ WRVFRSH RX OH OHFWHXU GH YLG RGLVTXHV
/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
- 6L YRXV HQWUH] XQ QXP UR GH SDJH QRQ H[LVWDQW XQ SRLQW G LQWHUURJDWLRQ DSSDUDñW HQ EDV GH O FUDQ
- /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
0(18
$SSX\H] VXU OD WRXFKH 0(18 SRXU DIILFKHU OHV IRQFWLRQV VS FLDOHV
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
0(18
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
(Q PRGH /,67 OHV TXDWUH QXP URV GH SDJH SHXYHQW ûWUH FKDQJ V
SRXU OHV SRVLWLRQV GH FKDñQHV VHXOHPHQW 3RXU FH IDLUH
DSSX\H] VXU O XQH GHV WRXFKHV GH FRXOHXU HW HQWUH] OH QRXYHDX
QXP UR GH SDJH
3UHVVH] HW PDLQWHQH] HQIRQF H OD WRXFKH 2. MXVTX FH TXH OHV
QXP URV GH SDJH FKDQJHQW GH FRXOHXU
+2/'
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
)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
$SSX\H] VXU OD WRXFKH EOHXH SRXU V OHFWLRQQHU OH QXP UR GH
SDJH SXLV DSSX\H] VXU OD WRXFKH 2. 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
0(18
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'(;
/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 GLVSDUDLVVH
(QWUH] OH QXP UR GH VRXVSDJH G VLU DYDQW TXH OH
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
&211(;,216 $8',2 9,'þ2
6 OHFWLRQ HW FRQILJXUDWLRQ $9
9RXV SRXYH] FRQQHFWHU GLYHUV TXLSHPHQWV FH W O YLVHXU /HV SDJHV VXLYDQWHV H[SOLTXHQW
FRPPHQW FRQQHFWHU GHV TXLSHPHQWV H[WHUQHV O DYDQW HW O DUULýUH GX W O YLVHXU
/RUVTXH YRWUH TXLSHPHQW HVW FRQQHFW XWLOLVH] OD SURF GXUH FLGHVVRXV SRXU DIILFKHU OHV LPDJHV
YHQDQW GH FHW TXLSHPHQW 79$9
$SSX\H] VXU OH ERXWRQ 79$9
$SSX\H] VXU OD WRXFKH GH V OHFWLRQ DSSURSUL H O FUDQ SRXU V OHFWLRQQHU OD VRXUFH $9
TXH YRXV G VLUH] DIILFKHU DSSX\H] VXU OH ERXWRQ YHUW SDU H[HPSOH SRXU V OHFWLRQQHU $9
VL YRXV DYH] FRQQHFW XQ PDJQ WRVFÊSH '9'5 OD ILFKH $9 3HULW O /HV WRXFKHV GH V OHFWLRQ DSSDUDLVVHQW O FUDQ DSUýV TXHOTXHV VHFRQGHV 6L YRXV
G VLUH] V OHFWLRQQHU XQH HQWU H ORUVTXH OHV WRXFKHV QH VRQW SDV DIILFK HV DSSX\H] VXU
GHV WRXFKHV PXOWLFRORUHV XQH IRLV GH SOXV HW OHV WRXFKHV U DSSDUDñWURQW
1RWHV
- &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 - 9RXV SRXYH] JDOHPHQW V OHFWLRQQHU XQH VRXUFH $9 DYHF OH ERXWRQ 79$9 TXL VH WURXYH VXU OH
WDEOHDX GH FRPPDQGH O DYDQW GH YRWUH W O YLVHXU
$SSX\H] VXU OH ERXWRQ 79$9 SOXVLHXUV IRLV MXVTX FH TXH YRXV DUULYLH] OD VRXUFH $9 TXH YRXV
G VLUH] DIILFKHU
- (Q PRGH $9 OH QRPEUH G RSWLRQV GHV PHQXV 621 HW &21),*85$7,21 HVW U GXLW SDU H[HPSOH
DX PHQX &RQILJXUDWLRQ LO Q \ D SDV GH PHQX &RQILJXUDWLRQ )LFKHV IURQWDOHV
(QWU H YLG R
SULVH 9
(QWU H DXGLR
SULVHV / 5
JDXFKH GURLWH
& EOH YLG R
5&$
F EOHV
DXGLR 5&$
&$0(6&23(
6RUWLH SULVH FDVTXH
)LFKH MDFN
VW U R PP
&$648( 67þ5þ2 DYHF ILFKH MDFN PP
1RWHV
- /HV TXLSHPHQWV DX[LOLDLUHV HW OHV F EOHV UHSU VHQW V QH VRQW SDV IRXUQLV DYHF OH W O YLVHXU
&211(;,216 $8',2 9,'þ2
3ULVHV DUULýUH
& EOH 3(5,7(/
0$*1þ726&23(
(QWU H VRUWLH
GH OD SULVH
3(5,7(/ $9
& EOH 3(5,7(/
(QWU H VRUWLH
GH OD SULVH
3(5,7(/ $9
0$*1þ726&23(
0$*1þ726&23( 69,'þ2
'þ&2'(85
'þ&2'(85
/(&7(85 '9'
'9'5
&$0(6&23(
&$0(6&23( 69,'(2
&2162/( '( -(8 25',1$7(85 59%
1RWHV
- / 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
&211(;,216 $8',2 9,'þ2
%URFKDJH GHV SULVHV 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
(WDW &9%6 YLG R
(QWU H DXGLR *
0DVVH DXGLR
(QWU H DXGLR '
/HV HQWU HV DG TXDWHV SRXU $9 LQFOXHQW 59% URXJHYHUWEOHX 3ULVH 3(5,7(/ EURFKHV $9
&RQQHFWHXU GH PDVVH
6RUWLH &9%6 YLG R
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 '
/HV EURFKHV $9 HW G SHQGHQW GH OD FRPPXWDWLRQ 69+6 9,'þ2 $9
',$*1267,& '(6 3$11(6
,PDJH
6\PSWÎPHV
,PDJH QHLJHXVH
6RQ
6RQ GLVFRUGDQW
,PDJH G PXOWLSOL H
6RQ QRUPDO
3DUDVLWHV
6RQ GLVFRUGDQW
9 ULILHU
/D SRVLWLRQ O RULHQWDWLRQ RX OH UDFFRUGHPHQW
GH O DQWHQQH
/D SRVLWLRQ O RULHQWDWLRQ RX OH UDFFRUGHPHQW
GH O DQWHQQH
/D SUR[LPLW G DSSDUHLOV OHFWURP QDJHUV
GH YRLWXUHVPRWRF\FOHWWHV G FODLUDJHV
IOXRUHVFHQWV
6 OHFWLRQQH] OD IRQFWLRQ 315 GDQV OH PHQX
,PDJH SRXU U GXLUH OD GLVWRUVLRQ GH O LPDJH
/H U JODJH GH YROXPH
,PDJH QRUPDOH
3DV GH VRQ
3DV G LPDJH
3DV GH VRQ
6L OD FRXSXUH GH VRQ HVW DFWLY H
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
3DV GH FRXOHXU
6RQ QRUPDO
0DXYDLVH LPDJH RX
6RQ IDLEOH RX SDV GH VRQ
GLVWRUVLRQ
7DFKHV GH FRXOHXU
,PDJH QRUPDOH
6RQ QRUPDO
6RQ IDLEOH RX GLVFRUGDQW
5 DFFRUGHU OH V FDQDO FDQDX[ 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
,1)250$7,216 *(1(5$/(6
' SDQQDJH $YDQW GH IDLUH DSSHO DX U SDUDWHXU G WHUPLQH] OHV V\PSWÎPHV GH OD SDQQH O DLGH GX
JXLGH GH GLDJQRVWLF GH OD SDJH SU F GHQWH 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 &$5$&7þ5,67,48(6
$OLPHQWDWLRQ
OHFWULTXH
&RQVRPPDWLRQ
&RQVRPPDWLRQ HQ
DWWHQWH
7XEH LPDJH
'LDJRQDOH YLVLEOH
6RUWLH DXGLR
PXVLTXH
7;31'
9 $& +]
:
:
FP
[ : 506 [ : 032 LPS GDQFH :
+
PP
'LPHQVLRQV
/
PP
3
PP
3RLGV
NJ
3$/ %* 3$/ , 6(&$0 %* 6(&$0 //
9+) ( (
9+) + + ,7$/,(
9+) $ + ,7$/,(
8+) ( (
&$79 6 6
&$79 6 6 0 0
&$79 6 6 8 8
&$79 6 6 +\SHUEDQG
3$/
'.
6(&$0
'.
6\VWýPHV GH
9+) 5 5
9+) 5 5
U FHSWLRQQRP GH
9+) 5 5
8+) ( (
EDQGH
3$/ /HFWXUH GHV FDVVHWWHV 176& SDUWLU GH PDJQ WRVFÊSHV
'9'5 3$/
0176& HQWU H $9 XQLTXHPHQ /HFWXUH GH PDJQ WRVFÊSHV '9'5
0+]
176& HQWU H $9 XQLTXHPHQ /HFWXUH GH PDJQ WRVFÊSHV '9'5
176&
3RVLWLRQV GH
9&5
SURJUDPPH
1RPEUH GH SDJH GX
W O WH[WH
$QWHQQH DUULýUH
8+) 9+)
&DVTXH DYDQW
PP LPS GDQFH :
$9
SULVH
EURFKHV
HQWU HVRUWLH DXGLRYLG R HQWU H 59%
$9 DUULýUH
$9 SULVH EURFKHV HQWU HVRUWLH DXGLRYLG R HQWU H 69LG R
$9 DYDQW
$9 [ HQWU HV DXGLR 5&$ [ HQWU H YLG R 5&$
&HV FDUDFW ULVWLTXHV SHXYHQW ûWUH PRGLIL HV VDQV SU DYLV /HV GLPHQVLRQV HW SRLGV LQGLTX V VRQW
DSSUR[LPDWLIV
,QIRUPDWLRQV UHODWLYHV O YDFXDWLRQ GHV G FKHWV GHVWLQ HV DX[ XWLOLVDWHXUV
G DSSDUHLOV OHFWULTXHV HW OHFWURQLTXHV DSSDUHLOV P QDJHUV GRPHVWLTXHV
/RUVTXH FH V\PEROH ILJXUH VXU OHV SURGXLWV HWRX OHV GRFXPHQWV TXL OHV
DFFRPSDJQHQW FHOD VLJQLILH TXH OHV DSSDUHLOV OHFWULTXHV HW OHFWURQLTXHV
QH GRLYHQW SDV ûWUH MHW V DYHF OHV RUGXUHV P QDJýUHV
3RXU TXH FHV SURGXLWV VXELVVHQW XQ WUDLWHPHQW XQH U FXS UDWLRQ HW XQ
UHF\FODJH DSSURSUL V HQYR\H]OHV GDQV OHV SRLQWV GH FROOHFWH G VLJQ V
RÖ LOV SHXYHQW ûWUH G SRV V JUDWXLWHPHQW 'DQV FHUWDLQV SD\V LO HVW SRVVLEOH
GH UHQYR\HU OHV SURGXLWV DX UHYHQGHXU ORFDO HQ FDV G DFKDW G XQ SURGXLW
TXLYDOHQW
(Q OLPLQDQW FRUUHFWHPHQW FH SURGXLW YRXV FRQWULEXHUH] OD FRQVHUYDWLRQ GHV UHVVRXUFHV YLWDOHV
HW OD SU YHQWLRQ GHV YHQWXHOV HIIHWV Q JDWLIV VXU O HQYLURQQHPHQW HW OD VDQW KXPDLQH TXL
SRXUUDLHQW VXUYHQLU GDQV OH FDV FRQWUDLUH
$ILQ GH FRQQDñWUH OH SRLQW GH FROOHFWH OH SOXV SURFKH YHXLOOH] FRQWDFWHU YRV DXWRULW V ORFDOHV
'HV VDQFWLRQV SHXYHQW ûWUH DSSOLTX HV HQ FDV G OLPLQDWLRQ LQFRUUHFWH GH FHV G FKHWV
FRQIRUP PHQW OD O JLVODWLRQ QDWLRQDOH
8WLOLVDWHXUV SURIHVVLRQQHOV GH O 8QLRQ HXURS HQQH
3RXU HQ VDYRLU SOXV VXU O OLPLQDWLRQ GHV DSSDUHLOV OHFWULTXHV HW OHFWURQLTXHV FRQWDFWH] YRWUH
UHYHQGHXU RX IRXUQLVVHXU
,QIRUPDWLRQV VXU O YDFXDWLRQ GHV G FKHWV GDQV OHV SD\V QH IDLVDQW SDV SDUWLH
GH O 8QLRQ HXURS HQQH
&H V\PEROH Q HVW UHFRQQX TXH GDQV O 8QLRQ HXURS HQQH
3RXU YRXV G EDUUDVVHU GH FH SURGXLW YHXLOOH] FRQWDFWHU OHV DXWRULW V ORFDOHV RX YRWUH UHYHQGHXU
DILQ GH FRQQDñWUH OD SURF GXUH G OLPLQDWLRQ VXLYUH
&6
">