Bauknecht BPH2003RWS Manuel utilisateur

*HEUDXFKV XQG ,QVWDOODWLRQVDQZHLVXQJ
(LQEDXEDFNRIHQ
,QVWUXFWLRQV SRXU O·HPSORL HW O·LQVWDOODWLRQ
)RXU HQFDVWUp
,VWUX]LRQL G·XVR H GL LQVWDOOD]LRQH
)RUQR GD LQFDVWUR
%3+ 5
&KqUH FOLHQWH FKHU FOLHQW
1RXV YRXV UHPHUFLRQV G·DYRLU FKRLVL XQ IRXU %DX
NQHFKW $YHF FH FKRL[ YRXV DYH] PLVp VXU OD TXDOLWp HW
OD GXUDELOLWp
&HW DSSDUHLO HVW pTXLSp G·XQH IRQFWLRQ GH KDXW FRQIRUW
F·HVW j GLUH G·XQ V\VWqPH j DLU G·pYDFXDWLRQ
/·DpUDWLRQ GX IRXU HVW FRPELQpH DYHF OH UHIURLGLVVH
PHQW GH O·DSSDUHLO HW GH OD QLFKH /HV EXpHV GH FXLVVRQ
HW GH U{WLVVDJH VRQW DVSLUpHV HW pYDFXpHV j O·H[WpULHXU
'H FHWWH PDQLqUH OHV PHXEOHV SODFpHV DXWRXU GX IRXU
UHVWHQW IURLG
/H V\VWqPH j DLU G·pYDFXDWLRQ HVW DXWRPDWLTXH HW QH
QpFHVVLWH DXFXQ HQWUHWLHQ
&H PRGH G·HPSORL YRXV SHUPHW GH IDLUH FRQQDLVVDQFH
SDV j SDV DYHF YRWUH IRXU HW G·HQ XWLOLVHU WRXWHV OHV SRV
VLELOLWpV GH PDQLqUH RSWLPDOH $YDQW OD SUHPLqUH PLVH
HQ VHUYLFH QRXV YRXV SULRQV GH OLUH DWWHQWLYHPHQW OH
FKDSLWUH ©&RQVLJQHV GH VpFXULWpª 1RXV YRXV UHFRP
PDQGRQV GH FRQVHUYHU OH PRGH G·HPSORL j SUR[LPLWp
GH O·DSSDUHLO GH VRUWH TXH YRXV O·D\H] LPPpGLDWHPHQW
VRXV OD PDLQ HQ FDV G·LQFHUWLWXGH
&HW DSSDUHLO HVW FRQIRUPH
j OD GLUHFWLYH
&(( &(( &(( 7DEOH GHV PDWLqUHV
5HPDUTXHV LPSRUWDQWHV FRQFHUQDQW OD VpFXULWp /H IRXU HQFDVWUp $YDQW OD SUHPLqUH PLVH HQ VHUYLFH /·KRUORJH GH FRPPXWDWLRQ pOHFWURQLTXH /HV FRPPXWDWHXUV SRXU OH IRXU /H IRXU $SSOLFDWLRQV GHV IRQFWLRQV GX IRXU 6pFXULWp pOHFWULTXH 8WLOLVDWLRQ HW IRQFWLRQQHPHQW 1HWWR\DJH eYDFXDWLRQ GH O·HPEDOODJH 9XH GH O·DSSDUHLO 7DEOHDX V\QRSWLTXH 7LURLU j DSSDUHLO 5pJODJH GH O·KHXUH UpHOOH GX MRXU 1HWWR\DJH LQLWLDO &KDXIIDJH LQLWLDO 5pJODJH GH OD WRQDOLWp GX ©ELSª 3RXU XWLOLVHU O·KRUORJH FRPPH ©UpYHLOª (IIDFHPHQW G·XQH ©GXUpHª UpJOpH 4XHOTXHV PRWV FRQFHUQDQW OH PpFDQLVPH DXWRPDWLTXH /H SURJUDPPH LQVWDQWDQp 3URJUDPPH UHWDUGp 3URJUDPPH GH WHPSpUDWXUH 7RXFKH GH FRPPDQGH GX IRXU &RPPXWDWHXU GH WHPSpUDWXUH GX IRXU 7LURLU FKDXIIDQW $FFHVVRLUHV GX IRXU )LOWUH j JUDLVVH GH YLDQGH *XLGHV GH SODTXHV &KDXIIDJH VXSpULHXU HW LQIpULHXU $LU FKDXG $LU FLUFXODQW *DPPH SRXU SL]]D *ULOODGHV *ULO j LQIUDURXJH *ULO j JUDQGH VXUIDFH 7XUERJULO *ULOOHU DYHF OD EURFKH WRXUQDQWH 6WpULOLVDWLRQ 6pFKDJH DYHF DLU FKDXG ,QIRUPDWLRQV JpQpUDOHV VXU OH U{WLVVDJH HW OD FXLVVRQ 1HWWR\DJH HW HQWUHWLHQ /·pFODLUDJH GX IRXU pFKDQJH GHV DPSRXOHV &RQVHLO SUDWLTXHV XWLOHV 6L TXHOTXH FKRVH QH IRQFWLRQQH SDV ,QVWUXFWLRQ GH PRQWDJH 'RQQpHV WHFKQLTXH %3+ 5 7DEOH GH FXLVVRQ HW GH U{WLVVDJH DX IRXU 6HUYLFH DSUqVYHQWH 0RQWDJH &RQQH[LRQ pOHFWULTXHFKHPLQHPHQW GHV FkEOHV 5{WL j EDVVH WHPSpUDWXUH 7DEOH GH JULOODJH 7XUERJULO 0RGH SL]]D 7DEOH GH VWpULOLVDWLRQ 7DEOH GH VpFKDJH 3LqFHV GH UHFKDQJHV &RQWUDW VHUYLFH DSUqVYHQWH *DUDQWLH 5HPDUTXHV LPSRUWDQWHV FRQFHUQDQW OD VpFXULWp
/LVH] VRLJQHXVHPHQW FH PRGH G·HPSORL DYDQW G·XWLOL
VHU YRWUH DSSDUHLO )DLWHV VSpFLDOHPHQW DWWHQWLRQ DX[
SUHVFULSWLRQV GH VpFXULWp PDUTXpHV SDU XQ WULDQJOH
G·DYHUWLVVHPHQW
Ÿ
6L HOOH HVW RXYHUWH OD SRUWH GX IRXU QH GRLW SDV rWUH
VXUFKDUJpH ,O HVW LQWHUGLW GH V·DVVHRLU RX GH JULP
SHU VXU FHOOHFL
Ÿ
6L G·DXWUHV DSSDUHLOV GRLYHQW rWUH UDFFRUGpV DX YRL
VLQDJH LPPpGLDW GX IRXU LO IDXW YHLOOHU j FH TXH OHV
FkEOHV GH UDFFRUGHPHQW QH SXLVVHQW SDV HQWUHU HQ
FRQWDFW DYHF OH IRXU RX UHVWHU FRLQFpV GDQV OD SRUWH
FKDXGH GX IRXU
Ÿ
$ SDUW OHV DFFHVVRLUHV OLYUpV Q·XWLOLVH] TXH GHV
SODWV HW GHV PRXOHV GH FXLVVRQ UpVLVWDQW j OD WHP
SpUDWXUH pOHYpH 3UHQH] JDUGH DX[ UHFRPPDQGD
WLRQV GX IRXUQLVVHXU
Ÿ
/·DSSDUHLO GRLW rWUH UDFFRUGp SDU XQ LQVWDOODWHXU
pOHFWULFLHQ FRQFHVVLRQQDLUH /D VpFXULWp pOHFWUL
TXH GHV DSSDUHLOV HQFDVWUpV H[LJH XQ PRQWDJH
SUpFLV FRQIRUPH DX[ QRUPHV HQ YLJXHXU
&HUWDLQV FRPPXWDWHXUV URWDWLIV GH YRWUH DSSDUHLO
SRVVqGHQW XQH EXWpH 1·HVVD\H] SDV GH WRXUQHU
FH FRPPXWDWHXU SOXV ORLQ TXH FHWWH EXWpH PDLV DX
FRQWUDLUH GDQV OH VHQVH RSSRVp 6LQRQ LO V·HQVXL
YUD XQH GpWpULRUDWLRQ GX FRPPXWDWHXU
Ÿ
$SUqV FKDTXH XWLOLVDWLRQ FRQWU{OH] TXH O·DSSDUHLO
HVW ELHQ pWHLQW
Ÿ
1HWWR\DJH
9RXV pYLWHUH] DLQVL GH FDXVHU GHV GRPPDJHV FRUSR
UHOV RX PDWpULHOV &RQVHUYH] SUpFLHXVHPHQW FH PRGH
G·HPSORL HW WUDQVPHWWH]OH j WRXW XWLOLVDWHXU QRXYHDX
&HW DSSDUHLO QH GRLW rWUH XWLOLVp TXH SRXU OHV EHVRLQV
PpQDJHUV HW GDQV GHV EXWV ELHQ SUpFLV ,O HVW FRQIRUPH
DX[ SUHVFULSWLRQV LQWHUQDWLRQDOHV GH VpFXULWp HW DX[
QRUPHV H[LJpHV GH TXDOLWp 7RXWHIRLV OHV PHVXUHV GH
VpFXULWp SUpYXHV QH VDXUDLHQW pOLPLQHU WRXW ULVTXH
G·DFFLGHQW HQ FDV G·XWLOLVDWLRQ DEXVLYH RX GDQJHUHXVH
6pFXULWp pOHFWULTXH
Ÿ
7RXW DSSDUHLO HQGRPPDJp QH GRLW SDV rWUH XWLOLVp
(Q FDV GH GpUDQJHPHQW RX GH GpIDXW GpYLVVH]
SXLV UHWLUH] OHV IXVLEOHV
3DU VpFXULWp WRXWH UpSDUDWLRQ VXU SODFH GH O·DSSD
UHLO HW VSpFLDOHPHQW GH VHV RUJDQHV G·DOLPHQWDWLRQ
QH SHXW rWUH HIIHFWXpH TXH SDU XQ pOHFWULFLHQ TXDOL
ILp RX SDU XQ WHFKQLFLHQ GX VHUYLFH GH PDLQWHQDQFH
SRXU SDOOLHU DX[ GDQJHUV G·pOHFWURFXWLRQ (Q FDV GH
SDQQH DGUHVVH]YRXV GLUHFWHPHQW j QRWUH VHU
YLFH WHFKQLTXH GH YHQWH
8WLOLVDWLRQ HW IRQFWLRQQHPHQW
Ÿ
eORLJQH] OHV SHWLWV HQIDQWV 1H ODLVVH] SDV OHV HQ
IDQWV MRXHU DYHF OD FXLVLQLqUH
Ÿ
$YDQW OD SUHPLqUH XWLOLVDWLRQ OH IRXU GRLW rWUH
FKDXIIp j YLGH $VVXUH]YRXV TXH O·DpUDWLRQ GH OD
SLqFH HVW VXIILVDQWH HW HQFOHQFKH] OD KRWWH G·DpUD
WLRQ VL HOOH H[LVWH /·DSSDULWLRQ G·RGHXUV ORUV GX SUH
PLHU pFKDXIIHPHQW HVW XQ SKpQRPqQH QRUPDO
Ÿ
Ÿ
/HV FRUSV GH FKDXIIH VLWXpV DX KDXW GX IRXU DVVX
UDQW OH FKDXIIDJH GHSXLV OH GHVVXV HW OH JULO DLQVL
TXH OH FRUSV GH FKDXIIH LQIpULHXU GH PrPH TXH OHV
SDURLV GX IRXU VL HOOHV VRQW FKDXGHV SHXYHQW SUp
VHQWHU XQ GDQJHU GH EU€OXUH VL O·RQ Q·\ SUHQG SDV
JDUGH
8WLOLVH] GHV JDQWV WKHUPLTXHV RX XQ WRUFKRQ SRXU
UHWLUHU VDQV VH EU€OHU OHV PHWV FXLWV
Ÿ
/RUV GX QHWWR\DJH PDQXHO GH JXLGHV GH SODTXHV
pFODLUDJH GX IRXU HW GH OD SRUWH GX IRXU DXFXQ
FRUSV GH FKDXIIH QH GRLW rWUH HQFOHQFKp $WWHQGH]
TXH OH IRXU VRLW VXIILVDPPHQW UHIURLGL SRXU SRXYRLU
HQWUHU HQ FRQWDFW VDQV GDQJHU DYHF OHV RUJDQHV LQ
WHUQHV
Ÿ
0DLQWHQH] WRXMRXUV YRWUH IRXU SDUIDLWHPHQW SURSUH
/HV pFODERXVVXUHV GH JUDLVVH HW OHV WDFKHV GpJD
JHQW XQH PDXYDLVH RGHXU ORUVTX·HOOHV FKDXIIHQW
Ÿ
9HLOOH] j OD SURSUHWp GHV VXUIDFHV DVVXUDQW O·pWDQ
FKpLWp GH OD SRUWH DLQVL TXH OH FDGUH GH OD SRUWH
Ÿ
/HV FKDUQLqUHV GH OD SRUWH GX IRXU FRQVWLWXHQW XQ
GDQJHU HW HOOHV QH SHXYHQW rWUH GpPRQWpHV HW UH
PRQWpHV TXH SDU XQ WHFKQLFLHQ H[SpULPHQWp IDL
VDQW SDUWLH GH QRWUH pTXLSH DSUqVYHQWH
Ÿ
/·DSSDUHLO QH GRLW SDV rWUH QHWWR\p DYHF XQ V\V
WqPH GH QHWWR\DJH j YDSHXU RX j KDXWH SUHVVLRQ
SRXU GHV UDLVRQV GH VpFXULWp pOHFWULTXH
eYDFXDWLRQ GH O·HPEDOODJH
Ÿ
/HV PDWpULDX[ G·HPEDOODJH DLQVL TXH OHV DSSDUHLOV
SpULPpV GRLYHQW rWUH GpEDUUDVVpV VHORQ OHV SUHV
FULSWLRQV 5HVSHFWH] OHV QRUPHV QDWLRQDOHV HW Up
JLRQDOHV DLQVL TXH OHV LQGLFDWLRQV FRQFHUQDQW OHV
PDWLqUHV VpSDUDWLRQ GHV PDWpULDX[ UpFROWH GHV
GpFKHWV OLHX[ GH UDPDVVDJH /H IRXU HQFDVWUp
9XH GH O·DSSDUHLO
˚C
50
7DEOHDX V\QRSWLTXH DYHF
FRPPDQGH
+
AUTO
pOpPHQW
GH
3RLJQpH GH OD SRUWH GX IRXU
3RUWH GX IRXU
DYHF YLWUH IURQWDOH HQWLqUHPHQW HQ YHUUH HW
IHQrWUH GH FRQWU{OH
7LURLU j DSSDUHLO
7DEOHDX V\QRSWLTXH
˚C
50
+
AUTO
1
2
3
7LPHU
7RXFKH GH FRPPDQGH GX FKDXIIDJH GX WLURLU
7RXFKH GH FRPPDQGH DLU FKDXG
7RXFKH GH FRPPDQGH YHQWLODWHXU
7RXFKH GH FRPPDQGH JULO DYHF PRWHXU WRXUQDQW
7RXFKH GH FRPPDQGH FKDXIIDJH LQIpULHXU
7RXFKH GH FRPPDQGH FKDXIIDJH VXSpULHXU
7RXFKH GH FRPPDQGH GH O·pFODLUDJH GX IRXU
6pOHFWHXU GH WHPSpUDWXUH GX IRXU
7LURLU j DSSDUHLO
3RXU RXYULU HW IHUPHU OH WLURLU j DSSDUHLO LO IDXW SRXVVHU
O·pFUDQ GX PLOLHX YHUV O·LQWpULHXU MXVTXH·LO VH GpFURFKH
GX YHUURXLOODJH
4
5
6
7
8
9
$YDQW OD SUHPLqUH PLVH HQ VHUYLFH
5pJODJH GH O·KHXUH UpHOOH GX MRXU
$SUqV UDFFRUGHPHQW GH O·DOLPHQWDWLRQ pOHFWULTXH
OH V\PEROH HVW DOOXPp O·KRUORJH pOHFWURQLTXH DI
ILFKH ©ôª HW $872 HQ FOLJQRWDQW
HW DFWLYHU OD
7RXUQHU OH ERXWRQ VXU OH V\PEROH
IRQFWLRQ HQ DSSX\DQW VXU FH PrPH ERXWRQ
$ O·DLGH GX ERXWRQ URWDWLI GH GURLWH UpJOHU O·KHXUH
H[DFWH HQ OH WRXUQDQW YHUV OH JDXFKH RX OD GURLWH
$
8
7
2
/·KRUORJH FRPPHQFH j IRQFWLRQQHU VHFRQGHV DSUqV
YRWUH GHUQLHU UpJODJH
3RXU pYLWHU XQ GpUpJODJH LQYRORQWDLUH PHWWUH OH
ERXWRQ VXU OH V\PEROH $872
$872
1HWWR\DJH LQLWLDO
/H IRXU GRLW rWUH QHWWR\p DYDQW OD SUHPLqUH XWLOLVDWLRQ
DILQ G·pOLPLQHU WRXWH WUDFH SRVVLEOH ODLVVpH SDU OD IDEUL
FDWLRQ
(QOHYH] VRLJQHXVHPHQW OHV pWLTXHWWHV TXL V·\ WURXYHQW
HQFRUH DLQVL TXH OHV IHXLOOHV GH SURWHFWLRQ $WWHQWLRQ
GH QH SDV HQOHYHU OD SODTXH VLJQDOpWLTXH GH O·DSSDUHLO /H WDEOHDX V\QRSWLTXH HW OD SRUWH GX IRXU GRLYHQW rWUH
ODYpV j O·HDX FKDXGH FRQWHQDQW XQ GpWHUJHQW SXLV
VpFKpV
(QOHYHU GX IRXU WRXV OHV REMHWV TX·LO FRQWLHQW j
O·H[FHSWLRQ GH OD IHXLOOH GH UpIOH[LRQ VLWXpH VRXV
OH FRUSV GH FKDXIIH LQIpULHXU
9RXV SRXYH] \ YRLU SOXV FODLU HQ DOOXPDQW O·pFODLUDJH GX
IRXU HQ DSSX\DQW VXU OD WRXFKH pFODLUDJH GX IRXU WRXW
HQ ODLVVDQW OH VpOHFWHXU GH WHPSpUDWXUH HQ SRVLWLRQ
DUUrW
&KDXIIDJH LQLWLDO
/H IRXU GRLW rWUH FKDXIIp XQH SUHPLqUH IRLV j
YLGH $VVXUH]YRXV TXH O·DpUDWLRQ HVW VXIIL
VDQWH /H GpJDJHPHQW G·RGHXU HVW QRUPDO
/DLVVHU OH IRXU IHUPp FKDXIIHU SHQGDQW PLQXWHV
j FHWWH WHPSpUDWXUH
250
0
3RXVVHU OHV GHX[ WRXFKHV SRXU FKDXIIDJHV
VXSpULHXU HW LQIpULHXU HW UpJOHU OH VpOHFWHXU GH
WHPSpUDWXUH VXU ˜&
275
20
˚C
/·KRUORJH GH FRPPXWDWLRQ pOHFWURQLTXH
/·KRUORJH pOHFWURQLTXH LQGLTXH O·KHXUH UpHOOH (OOH HVW
pJDOHPHQW XWLOLVDEOH FRPPH ©UpYHLOª 0DLV OD SULQFL
SDOH FDUDFWpULVWLTXH GH FHWWH KRUORJH HVW VD SRVVLELOLWp
GH SURJUDPPDWLRQ &H V\VWqPH IDFLOLWH OD FXLVVRQ VXU
OHV SODTXHV HW DX IRXU OH U{WLVVDJH HWF
9RXV SRXYH] FKRLVLU FKDTXH IRQFWLRQ DYHF OH ERX
WRQ URWDWLI GH JDXFKH HW HQ DSSX\DQW GHVVXV DFWL
YHU OD IRQFWLRQ
/RUVTXH YRXV DYH] DFWLYp XQH IRQFWLRQ YRXV GH
YH] GDQV OHV VHFRQGHV TXL VXLYHQW SURFpGHU j
XQ UpJODJH DXWUHPHQW OD IRQFWLRQ HVW GH QRXYHDX
GpVDFWLYpH
9RXV SRXYH] FHSHQGDQW OD UpDFWLYHU HQ UpDS
SX\DQW VXU OH ERXWRQ URWDWLI
5HPDUTXH /RUVTXH O·DIILFKDJH FOLJQRWH LO HVW
QpFHVVDLUH GH UpJOHU O·KHXUH VLQRQ O·DSSDUHLO
QH SHXW SDV IRQFWLRQQHU
5pJODJH GH OD WRQDOLWp GX ©ELSª
/H ©ELSª SHXW rWUH UpJOp VXU WURLV WRQDOLWpV
6L YRXV GpVLUH] FKDQJHU OD WRQDOLWp GX ©ELSª SURFpGHU
FRPPH VXLW
5pJODJH GX ©ELSª HQ WRXUQDQW OH ERXWRQ GH GURLWH
YHUV OD JDXFKH (Q UpSpWDQW OD URWDWLRQ YHUV OD JDX
FKH OD WRQDOLWp FKDQJH
/H ©ELSª SHXW rWUH UpJOp VXU WRXWHV OHV SRVLWLRQV GX
ERXWRQ URWDWLI GH JDXFKH SRXU DXWDQW TXH GDQV OHV GHU
QLqUHV VHFRQGHV XQH IRQFWLRQ QH VRLW SDV DFWLYpH HQ
OH SUHVVDQW
3RXU XWLOLVHU O·KRUORJH FRPPH ©UpYHLOª
9RXV SRXYH] UpJOHU XQH GXUpH PD[ KHXUHV HW PLQXWHV &HWWH SpULRGH pFRXOpH OH ©ELSª UHWHQWLW GRX
EOHVRQ UpSpWLWLI /RUVTXH YRXV YRXOH] UpJOHU XQH GXUpH UpYHLO PHWWUH OH ERXWRQ URWDWLI GH JDXFKH VXU OH V\P
EROH HW DFWLYHU OD IRQFWLRQ HQ DSSX\DQW VXU FH
PrPH ERXWRQ
5pJOHU OD GXUpH GpVLUpH HQ WRXUQDQW OH ERXWRQ GH
GURLWH YHUV OD GURLWH
/H V\PEROH V·DIILFKH VHFRQGHV DSUqV YRWUH
GHUQLHU UpJODJH UpDSSDUDvW O·KHXUH DFWXHOOH OH Up
YHLO VH PHW HQ PDUFKH
6L YRXV GpVLUH] VDYRLU FRPELHQ GH WHPSV UHVWHWLO
MXVTX·DX ©VLJQDO GH UpYHLOª PHWWUH OH ERXWRQ JDX
FKH VXU OH V\PEROH HW DSSX\HU VXU FH PrPH ERX
WRQ /D YDOHXU V·DIILFKH SHQGDQW VHFRQGHV
3RXU pYLWHU XQ GpUpJODJH LQYRORQWDLUH WRXUQHU OH
ERXWRQ GH JDXFKH VXU OH V\PEROH $872
/H WHPSV UpJOp XQH IRLV pFRXOp XQ ©ELSª UHWHQWLW
7RXUQHU OH ERXWRQ GH JDXFKH VXU OH V\PEROH
DSSX\HU GHVVXV SRXU DUUrWHU OH ©ELSª
$X FDV R YRXV QH FRXSHULH] SDV OH ©ELSª LO UHWHQWLW
SHQGDQW VHFRQGHV HQYLURQ
$872
HW
(IIDFHPHQW G·XQH ©GXUpHª UpJOpH
$872
7RXUQHU OH ERXWRQ GH JDXFKH VXU OH V\PEROH HW
DMXVWHU O·DIILFKDJH DYHF OH ERXWRQ GH GURLWH HQ OH
WRXUQDQW YHUV OD JDXFKH VXU ô
4XHOTXHV PRWV FRQFHUQDQW OH PpFDQLVPH
DXWRPDWLTXH
&HWWH IRQFWLRQ FRPSUHQG WURLV SURJUDPPHV GpFULWV
GDQV OHV FKDSLWUHV VXLYDQWV
3URJUDPPH LQVWDQWDQp GpFOHQFKHPHQW DXWR
PDWLTXH
3URJUDPPH UHWDUGp HQFOHQFKHPHQW HW GpFOHQ
FKHPHQW DXWRPDWLTXHV
3URJUDPPH GH WHPSpUDWXUH DYHF VRQGH j
YLDQGH
9RXV SRXYH] PRGLILHU HQ WRXW WHPSV OHV YDOHXUV Up
JOpHV VXU O·KRUORJH PrPH ORUVTX·XQ SURJUDPPH
VH WURXYH HQ IRQFWLRQ
9RXV SRXYH] LQWHUURPSUH RX DQQXOHU XQ SUR
JUDPPH GpMj UpJOp RX HQ FRXUV GH GpURXOHPHQW HQ
FKRLVLVVDQW OH V\PEROH DYHF OH ERXWRQ GH JDX
FKH HW HQ SUHVVDQW FH PrPH ERXWRQ OH PRW $872
V·pWHLQW VXU O·DIILFKDJH
$SUqV GpURXOHPHQW G·XQ SURJUDPPH WRXUQHU OH
ERXWRQ GH JDXFKH VXU OH V\PEROH HW DSSX\HU
GHVVXV /H PRW $872 V·pWHLQW VXU O·DIILFKDJH
$
8
7
2
/·DSSDUHLO HVW GH QRXYHDX SUrW SRXU OD FRPPDQGH
PDQXHOOH
$872
/H SURJUDPPH LQVWDQWDQp
5pJOH] OD GXUpH GpVLUpH GH FXLVVRQ RX GH U{WLVVDJH HW
j OD ILQ GH FHOOHFL OH IRXU VH GpFOHQFKHQW HW XQ VLJQDO
VRQRUH UHWHQWLW
&H SURJUDPPH GpEXWH VHFRQGHV DSUqV OH UpJODJH
(QFOHQFKH] G·DERUG OH IRXU WHO TXH GpFULW
7RXUQHU OH ERXWRQ GH JDXFKH VXU OH V\PEROH HW
DFWLYHU OD IRQFWLRQ HQ DSSX\DQW VXU FH PrPH ERX
WRQ
$MXVWHU DYHF OH ERXWRQ GH GURLWH OD GXUpH G·pEXOOL
WLRQ GH FXLVVRQ RX GH U{WLVVDJH VRXKDLWpH /H
V\PEROH $872 V·DOOXPH VXU O·DIILFKDJH
VHFRQGHV DSUqV YRWUH GHUQLHU UpJODJH O·KHXUH DF
WXHOOH UpDSSDUDvW OH SURJUDPPH GpPDUUH
6L YRXV GpVLUH] VDYRLU FRPELHQ UHVWHWLO HQFRUH GH
WHPSV GH U{WLVVDJH
$
8
7
2
$
8
7
2
7RXUQHU OH ERXWRQ GH JDXFKH VXU OH V\PEROH HW
SUHVVHU FH PrPH ERXWRQ /D YDOHXU V·DIILFKH SHQ
GDQW VHFRQGHV
7RXUQHU OH ERXWRQ GH JDXFKH VXU OH V\PEROH
$872
$SUqV GpURXOHPHQW GX SURJUDPPH XQ ©ELSª UHWHQWLW
$872
3RXU pYLWHU XQ GpUpJODJH LQYRORQWDLUH
7RXUQHU OH ERXWRQ GH JDXFKH VXU OH V\PEROH
SUHVVHU FH PrPH ERXWRQ
$872
HW
/H PRW $872 V·pWHLQW VXU O·DIILFKDJH HW OH ©ELSª HVW DU
UrWp /·DSSDUHLO HVW GH QRXYHDX SUrW SRXU OD FRPPDQGH
PDQXHOOH
6L YRXV Q·DUUrWH] SDV OH ©ELSª LO FRQWLQXH j VH IDLUH HQ
WHQGUH SHQGDQW PLQXWHV HQYLURQ
eWHLQGUH OH IRXU PDQXHOOHPHQW DXWUHPHQW O·DS
SDUHLO UHFRPPHQFH j FKDXIIHU
$872
3URJUDPPH UHWDUGp
5pJOH] OD GXUpH GpVLUpH GH FXLVVRQ VXU OD SODTXH RX DX
IRXU DLQVL TXH O·KHXUH j ODTXHOOH YRWUH SODW GRLW rWUH
SUrW /·KRUORJH HQFOHQFKHUD HW GpFOHQFKHUD DXWRPDWL
TXHPHQW DX[ KHXUHV FRUUHFWHV OH IRXU DLQVL TXH WRXWHV
OHV IRQFWLRQV HW DIILFKDJHV QpFHVVDLUHV 8Q VLJQDO VR
QRUH YRXV DYHUWLW ORUVTXH OD GXUpH GH FXLVVRQ VXU SOD
TXH RX DX IRXU V·HVW pFRXOpH
(QFOHQFKH] OH IRXU FRPPH GpFULW
7RXUQHU OH ERXWRQ GH JDXFKH VXU OH V\PEROH HW
DFWLYHU OD IRQFWLRQ HQ SUHVVDQW FH PrPH ERXWRQ
$MXVWHU DYHF OH ERXWRQ GH GURLWH OD GXUpH G·pEXOOL
WLRQ GH FXLVVRQ RX GH U{WLVVDJH VRXKDLWpH /H
V\PEROH $872 V·DOOXPH VXU O·DIILFKDJH
$WWHQGUH VHFRQGHV MXVTX·j FH TXH O·KHXUH DF
WXHOOH V·DIILFKH
7RXUQHU OH ERXWRQ GH JDXFKH VXU OH V\PEROH HW
DFWLYHU OD IRQFWLRQ HQ SUHVVDQW FH PrPH ERXWRQ
$MXVWHU O·KHXUH GpVLUpH j ODTXHOOH YRWUH UHSDV GRLW
rWUH WHUPLQp HQ WRXUQDQW OH ERXWRQ GH GURLWH YHUV
V·pWHLQW VXU O·DIILFKDJH
OD GURLWH /H V\PEROH
HQWUH OHV FKLIIUHV VHFRQGHV DSUqV YRWUH UpJODJH
DSSDUDvW O·KHXUH DFWXHOOH VXU O·DIILFKDJH HW OH SUR
JUDPPH FRPPHQFH j VH GpURXOHU
$
8
7
2
7RXUQHU OH ERXWRQ GH JDXFKH VXU OH V\PEROH HW
SUHVVHU FH PrPH ERXWRQ /D YDOHXU V·DIILFKH SHQ
GDQW VHFRQGHV
$872
$
8
7
2
$872
6L YRXV GpVLUH] VDYRLU FRPELHQ UHVWHWLO HQFRUH GH
WHPSV G·pEXOOLWLRQ RX GH FXLVVRQ
$
8
7
2
3RXU pYLWHU XQ GpUpJODJH LQYRORQWDLUH
7RXUQHU OH ERXWRQ GH JDXFKH VXU OH V\PEROH
$872
/H V\PEROH V·DOOXPH VXU O·DIILFKDJH ORUVTXH OH FKDXI
IDJH GX IRXU HVW DOOXPp
$SUqV GpURXOHPHQW GX SURJUDPPH XQ ©ELSª UHWHQWLW
7RXUQHU OH ERXWRQ GH JDXFKH VXU OH V\PEROH HW
DSSX\HU GHVVXV /H PRW $872 V·pWHLQW VXU O·DIIL
FKDJH HW OH ©ELSª HVW FRXSp /·DSSDUHLO HVW GH QRX
YHDX SUrW SRXU OD FRPPDQGH PDQXHOOH
$872
6L YRXV Q·DUUrWH] SDV OH ©ELSª LO FRQWLQXH j VH IDLUH HQ
WHQGUH SHQGDQW VHFRQGHV HQYLURQ
eWHLQGUH OH IRXU PDQXHOOHPHQW DXWUHPHQW O·DS
SDUHLO UHFRPPHQFH j FKDXIIHU
$872
3URJUDPPH GH WHPSpUDWXUH
DYHF OD VRQGH GH YLDQGH
&H SURJUDPPH pWHLQW OH IRXU TXH YRWUH U{WL D DWWHLQW OD
WHPSpUDWXUH SUpVpOHFWLRQQpH /D WHPSpUDWXUH HVW PH
VXUpH HW SpULRGLTXHPHQW DIILFKpH SDU OD VRQGH j YLDQGH
pOHFWULTXH IDLVDQW SDUWLH GH OD IRXUQLWXUH 'HV PRU
FHDX[ GH YLDQGH DXVVL JURV TXH SRVVLEOH j JULOOHU j U{
WLU RX PrPH j PLMRWHU FRQYLHQQHQW SRXU OH SURJUDPPH
WKHUPRUpJXODWHXU /HV PRUFHDX[ FRPSRUWDQW GHV RV
WHOV TXH SH[ SRXOHWV RX ODSLQV QH FRQYLHQQHQW SDV
SRXU FH SURJUDPPH
(QIRQFH] OD ILFKH GH OD VRQGH j YLDQGH DX FRHXU GX
U{WLH PDLV SDV GDQV XQH FDYLWp QL XQH FRXFKH GH
JUDLVVH 3ODFHU OH U{WL VXU OH JULO RX VXU XQ SODW UpVLVWDQW j OD
FKDOHXU HW OH SRXVVHU GDQV OH IRXU
7RXUQHU OH ERXWRQ GH JDXFKH VXU OH V\PEROH
(QIRQFHU DORUV OD ILFKH PkOH GH OD VRQGH MXVTX·j
EXWpH GDQV OD ILFKH IHPHOOH j JDXFKH GHYDQW GDQV
OH IRXU 9RXV DFWLYH] DLQVL OH SURJUDPPH WKHUPRUp
JXODWHXU
'HV FKLIIUHV V·DOOXPHQW DORUV VXU O·DIILFKDJH 6XU OD PRL
WLp JDXFKH GH O·DIILFKDJH DSSDUDvW OD WHPSpUDWXUH UpHOOH
UpJQDQW j OD SRLQWH GH OD VRQGH 6XU OD PRLWLp GURLWH DS
SDUDvW XQH WHPSpUDWXUH SURSRVpH GH ˜ &
$872
9RXV LQWURGXLVH] OD WHPSpUDWXUH GpVLUpH DX FHQWUH
GX U{WL 7(03(5$785( 120,1$/( HQ WRXUQDQW
OH ERXWRQ GH GURLWH YHUV OD JDXFKH RX OD GURLWH &HO
OHFL DSSDUDvW VXU OD PRLWLp GURLWH GH O·DIILFKDJH
/HV WHPSpUDWXUHV VXLYDQWHV VRQW UHFRPPDQGpHV
SRXU OH FRHXU GX U{WL
5{WL GH ERHXI
˜&
5RVELI RX ILOHW GH ERHXI
WUqV VDLJQDQW
VDLJQDQW
PR\HQ
5{WL GH SRUF
˜&
˜&
˜&
˜&
5{WL G·DJQHDXJLJRW
˜&
5{WL GH YHDX
$872
˜&
$OOXPHU OH IRXU
/RUVTXH OD WHPSpUDWXUH SUpYXH HVW DWWHLQWH OH ´ELSµ VR
QRUH UHWHQWLW j LQWHUYDOOH HW
7RXUQHU OH ERXWRQ GH JDXFKH VXU OH V\PEROH
SUHVVHU FH PrPH ERXWRQ
5HWLUHU OD ILFKH PkOH GH OD VRQGH KRUV GH OD ILFKH
IHPHOOH HW VRUWLU OH U{WL GX IRXU
'pFOHQFKH] OH IRXU j OD PDLQ VLQRQ O·DSSDUHLO
FRQWLQXH j FXLUH
$872
/HV FRPPXWDWHXUV SRXU OH IRXU
7RXFKH GH FRPPDQGH GX IRXU
/D IRQFWLRQ GpVLUpH HVW FKRLVLH HQ SRXVVDQW OHV WRX
FKHV FRUUHVSRQGDQWHV
/HV IRQFWLRQV HW OHV FRPELQDLVRQV SHXYHQW rWUH SUR
JUDPPpHV DYHF O·KRUORJH
&KDXIIDJH GX WLURLU
$LU FKDXG FRUSV GH FKDXIIH FLUFXODLUH HQF
OHQFKp DLQVL TXH OH YHQWLODWHXU GX IRXU
9HQWLODWHXU GX IRXU
*ULO j LQIUDURXJH FRUSV GH FKDXIIH GX JULO
DYHF PRWHXU WRXUQDQW
&KDXIIDJH HQ KDXW VHXOHPHQW
&KDXIIDJH HQ EDV VHXOHPHQW
eFODLUDJH
&RPELQDLVRQV
*DPPH SRXU SL]]D FRUSV GH
FKDXIIH FLUFXODLUH HW FRUSV GH
FKDXIIDJH HQ EDV HQFOHQFKp
DLQVL TXH OH YHQWLODWHXU GX IRXU
7XUERJULO JULO j LQIUDURXJH HW YHQWLOD
WHXU HQFOHQFKpV
&KDXIIDJH WXUER HQ KDXW
&KDXIIDJH HQ KDXW DYHF YHQWLODWHXU
3RXU IDLUH ULVVROHU GRXFHPHQW
&KDXIIDJH WXUER HQ EDV
&KDXIIDJH HQ EDV DYHF YHQWLODWHXU
3RXU VWpULOLVHU
*ULO j JUDQGH VXUIDFH FKDXIIDJH HQ
KDXW HW FRUSV GH FKDXIIH GX JULO
HQFOHQFKpV DYHF PRWHXU WRXUQDQW
&KDXIIDJH HQ KDXW HW HQ EDV
&LUFXODWLRQ G·DLU FKDXIIDJH
HQ KDXW HW HQ EDV HQFOHQFKp
DLQVL TXH OH YHQWLODWHXU GX IRXU
&KDXIIDJH UDSLGH
&HWWH PpWKRGH Q·HVW
SDV DSSRUSULpH
SRXU FXLUH
˚C
50
+
AUTO
1
2
3
4
5
6
7
9
8
&RPPXWDWHXU GH WHPSpUDWXUH GX IRXU
3RVLWLRQQHU OD WHPSpUDWXUH YRXOXH HQ WRXUQDQW YHUV OD
GURLWH OH FRPPXWDWHXU UpJODQW OD WHPSpUDWXUH GX IRXU
HQWUH HW ˜&
1H SDV WRXUQHU SOXV ORLQ TXH OD EXWpH
˚C
50
3RXU DUUrWHU UHYHQLU j OD SRVLWLRQ ]pUR
/H IRXU QH IRQFWLRQQH TXH VL OHV FRPPXWDWHXUV GH IRQF
WLRQ HW GH WHPSpUDWXUH VRQW HQFOHQFKpV
7LURLU FKDXIIDQW
/H WLURLU FKDXIIDQW SHUPHW GH SUpFKDXIIHU OD YDLVVHOOH
3UHVVH OD WRXFKH SRXU HQFOHQFKHU OH FKDXIIDJH
GX WLURLU /RUVTXH OH FKDXIIDJH HVW HQFOHQFKp OH
V\PEROH GH OD IOqFKH HVW DOOXPp
/D WHPSpUDWXUH HVW DXWRUpJOpH HW Q·HVW SDV PRGLILDEOH
SDU O·XWLOLVDWHXU
/H IRXU
$
%
5DLQXUHV GH JXLGDJH GH SODTXH j SkWLVVHULH
&RUSV GH FKDXIIH LQIpULHXU
&
&RUSV GH FKDXIIH GX JULO
'
&RUSV GH FKDXIIH VXSpULHXU
'
*
& ' *ULO j JUDQGH VXUIDFH
)LOWUH j JUDLVVH GH YLDQGH
*
9HQWLODWLRQ GX IRXU
-
5pFLSLHQW UpIOpFKLVVDQW
*XLGHV GH SODTXHV UDLQXUHV
/H IRXU HVW pTXLSp GHV DFFHVVRLUHV VXLYDQWV
5{WLVVRLUH SRXU FXLUHU{WLUJULOOHU
)LOWUH j JUDLVVH GH YLDQGH
5pFLSLHQW UpIOpFKLVVDQW
%URFKH GH JULO DYHF SRLJQpH
)LOWUH j JUDLVVH GH YLDQGH
&H ILOWUH SURWqJH O·LQWpULHXU GX IRXU FRQWUH O·HQFUDVVH
PHQW WURS UDSLGH
/·LQWURGXLUH SRXU WRXWH RSpUDWLRQ j DLU FKDXG H
DLU WRXUQDQW DLQVL TXH SRXU OH WXUERJULO
(QOHYHU FH ILOWUH SRXU FXLUH VLQRQ OH WHPSV GH FXLVVRQ
HVW j DOORQJHU
*XLGHV GH SODTXHV
/H IRXU HVW PXQL GH JUDGLQV FRQWHQDQW UDLQXUHV GH
KDXWHXU GLIIpUHQWH &HV KDXWHXUV VRQW QXPpURWpHV
GDQV XQH WDEOH DOODQW GH j VHORQ O·pFKHOOH VXLYDQWH
OH SOXV EDV OH SOXV KDXW
(QILOH] OD SODTXH RX OH U{WL HQWUH OHV GHX[ WLJHV
GH JXLGDJH FH TXL IDFLOLWH O·HQWUpH HW OD VRUWLH
HW DVVXUH OH PDLQWLHQ SHQGDQW OD FXLVVRQ
$
-
$ SDUW OHV DFFHVVRLUHV OLYUpV Q·XWLOLVH] TXH GHV
SODWV HW GHV PRXOHV GH FXLVVRQ UpVLVWDQW j OD
WHPSpUDWXUH pOHYpH 3UHQH] JDUGH DX[ UHFRP
PDQGDWLRQV GX IRXUQLVVHXU
3ODTXHV j FXLUH
)
$
$FFHVVRLUHV GX IRXU
(
+
( + eFODLUDJH GX IRXU
)
&
%
$SSOLFDWLRQV GHV IRQFWLRQV GX IRXU
&KDXIIDJH VXSpULHXU HW LQIpULHXU
/H FKDXIIDJH VLPXOWDQp HQ KDXW HW HQ EDV FRQVWLWXH OH
IRQFWLRQQHPHQW QRUPDO GX IRXU /HV FRUSV GH FKDXIIH
VLWXpV DX SODQFKHU HW DX SODIRQG GH O·HQFHLQWH FKDXI
IDQWH WUDQVPHWWHQW OHXU FKDOHXU DX[ GHQUpHV j FXLUH /D
WHPSpUDWXUH SHXW rWUH UpJOpH HQWUH HW ˜&
/H U{WLVVDJH HW OD FXLVVRQ SDU FKDXIIDJH HQ KDXW HW HQ
EDV QH VRQW SRVVLEOHV TXH VXU XQ VHXO QLYHDX
Ÿ
Ÿ
PHWWUH OHV JkWHDX[ SODWV HW OD SkWLVVHULH VXU OD
SODTXH DX[ QLYHDX[ RX PHWWUH OHV FDNHV OHV NRXJORIV RX OHV ELVFXLWV HQ
IRUPH GH EORF DX QLYHDX $LU FKDXG
/H IRXU HQWLHU HVW FKDXIIp SDU O·DLU FKDXG TXL FLUFXOH LQ
WHQVLYHPHQW JUkFH j XQ YHQWLODWHXU VLWXp GDQV OD SDURL
DUULqUH /D WHPSpUDWXUH SHXW rWUH UpJOpH HQWUH HW
˜&
/D IRQFWLRQ G·DLU FKDXG SHUPHW GH WUDQVPHWWUH SOXV UD
SLGHPHQW TXH GDQV OD PpWKRGH FRQYHQWLRQQHOOH OD FKD
OHXU j O·DOLPHQW j U{WLU /D WHPSpUDWXUH SHXW rWUH DLQVL
UpGXLWH G·HQYLURQ ˜& SDU UDSSRUW j OD UHFHWWH SRXU OH
FKDXIIDJH QRUPDO HQ KDXW HW HQ EDV
6HORQ O·DOLPHQW j FXLUH RX j U{WLU RQ SHXW XWLOLVHU MXVTX·j
WURLV QLYHDX[ GLIIpUHQWV
1RXV YRXV FRQVHLOORQV OHV FRPELQDLVRQV VXLYDQWHV
Ÿ
SODTXH pFKHORQ RX Ÿ
SODTXHV pFKHORQV HW Ÿ
SODTXHV pFKHORQV HW Ÿ
j PRXOHV KDXWV O·XQ j F{Wp GH O·DXWUH
pFKHORQ Ÿ
PRXOH EDV pFKHORQ RX Ÿ
PRXOHV EDV pFKHORQV HW $LU FLUFXODQW
/H YHQWLODWHXU LQVWDOOp GDQV OD IDFH DUULqUH GX IRXU DV
VXUH XQH FLUFXODWLRQ LQWHQVLYH GH O·DLU GDQV WRXW OH IRXU
/HV WHPSpUDWXUHV SHXYHQW rWUH SUpUpJOpHV HQWUH HW
˜& /D IRQFWLRQ GH FLUFXODWLRQ G·DLU SHUPHW GH WUDQV
PHWWUH OD FKDOHXU QpFHVVDLUH DX PDLQWLHQ GH OD WHPSp
UDWXUH YRXOXH SOXV UDSLGHPHQW TXH GDQV OD PpWKRGH
FRQYHQWLRQQHOOH ,O HVW DORUV SRVVLEOH GH UpJOHU XQH
WHPSpUDWXUH LQIpULHXUH G·HQYLURQ ˜& j FHOOH SUpFRQL
VpH SDU OHV UHFHWWHV XWLOLVDQW XQLTXHPHQW OH FKDXIIDJH
VXSpULHXU HW LQIpULHXU
/D WDEOH GH FXLVVRQ HW GH U{WLVVDJH IRXUQLW SOXVLHXUV LQ
GLFDWLRQV SUpFLVHV j FH SURSRV
*DPPH SRXU SL]]D
/D IRQFWLRQ SL]]D HVW XWLOLVpH GH SUpIpUHQFH SRXU FXLUH
OHV JkWHDX[ QH FRQWHQDQW TXH SHX RX SDV GH VXFUH WHOV
TXH OHV SL]]DV OHV JkWHDX[ DX[ IUXLWV RX DX FpUp OHV
TXLFKHV RX OHV UDPHTXLQV
&HWWH JDPPH DOOLH OD IRQFWLRQ G·DLU WRXUQDQW j FHOOH GX
FKDXIIDJH LQIpULHXU VHXOHPHQW
/D FKDOHXU UD\RQQpH SDU OH FRUSV GH FKDXIIH LQIpULHXU
SURYRTXH OD IRUPDWLRQ G·XQH FUR€WH VXIILVDPPHQW Up
VLVWDQWH DX QLYHDX FH TXL pYLWH OH UDPROOLVVHPHQW GH
OD SkWH 2Q SHXW pJDOHPHQW XWLOLVHU OHV GHX[ pFKHORQV
VXSpULHXUV SRXU FXLUH RX SRXU U{WLU VDQV TXH OD FKDOHXU
FLUFXODQWH V·HQ WURXYH PRGLILpH
*ULOODGHV
/D JULOODGH V·RSqUH JpQpUDOHPHQW HQ IHUPDQW OD
SRUWH GX IRXU 1H ODLVVH] FHSHQGDQW SDV YRWUH
JULO VDQV VXUYHLOODQFH
/D FKDOHXU SURGXLWH SDU OHV FRUSV GH FKDXIIH UD\RQQH
FRQWUH OH SODIRQG GX IRXU HW DWWHLQW OD SLqFH j U{WLU TXL
HVW SODFpH HQ GHVVRXV /HV LQGLFDWLRQV FRQFHUQDQW OD
KDXWHXU RSWLPDOH GH FHOOHFL VH WURXYHQW GDQV OD WDEOH
GH JULOODGH /H SUpFKDXIIDJH HVW LQXWLOH
3RXU JULOOHU LO VXIILW GH SRVLWLRQQHU OHV VpOHFWHXUV GH
IRQFWLRQ HW GH WHPSpUDWXUH FRUUHVSRQGDQWV
/H FKRL[ GH OD IRQFWLRQ GpSHQG GH OD TXDOLWp GH OD
TXDQWLWp HW GH OD KDXWHXU GH OD YLDQGH j JULOOHU
/D WHPSpUDWXUH GRLW rWUH DGDSWpH DX W\SH GH YLDQGH
FDU OH WKHUPRVWDW GX IRXU DVVXUH VRQ VHUYLFH HW PDLQ
WLHQW OD WHPSpUDWXUH j O·LQWpULHXU GX GRPDLQH DVVLJQp
FRQIRUPpPHQW DX[ YDOHXUV GH OD WDEOH
6L YRXV GHYH] HIIHFWXHU SOXVLHXUV JULOODGHV FRQVpFXWL
YHV LO IDXW QHWWR\HU OD SODTXH DSUqV FKDFXQH G·HOOHV
*ULO j LQIUDURXJH
3RXU GH SHWLWHV TXDQWLWpV GH JULOODGHV GH WUDQFKHV SOD
WHV DLQVL TXH SRXU OHV GHPLSRXOHWV OH JULO j LQIUDURXJH
HVW SDUWLFXOLqUHPHQW ELHQ LQGLTXp /H GRPDLQH GH WHP
SpUDWXUH VH VLWXH HQWUH HW ˜&
*ULO j JUDQGH VXUIDFH
&HWWH IRQFWLRQ SHUPHW GH JULOOHU GHV WUDQFKHV SODWHV RX
GHV GHPLSRXOHWV VXU WRXWH OD VXUIDFH GH OD SODTXH /D
FRQMRQFWLRQ GX JULO j LQIUDURXJH HW GX FKDXIIDJH VXSp
ULHXU SHUPHW GH PDLQWHQLU XQH WHPSpUDWXUH UpJODEOH
HQWUH HW ˜&
/HV GHX[ IRQFWLRQV GH JULO j JUDQGH HW j SHWLWH VXU
IDFH VRQW LGpDOHV SRXU OHV WUDQFKHV SODWHV WHOOHV TXH
OHV VWHDNV OHV F{WHOHWWHV OHV SHWLWHV VDXFLVVHV OH
SRLVVRQ RX DXWUHV 2Q SHXW pJDOHPHQW IDLUH GHV WRDVWV
EUXQLU GX PDVVHSDLQ RX GH OD JODFH UpDOLVHU XQH FUqPH
EU€OpH JUDWLQHU XQ VRXIIOp RX EUXQLU XQ JUDWLQ /D FKD
OHXU UD\RQQpH SDU OH JULO Q·pWDQW GHVWLQpH TX·j EUXQLU OD
VXUIDFH HW OD UHQGUH FURXVWLOODQWH LO QH IDXW O·XWLOLVHU
TX·HQ ILQ GH FXLVVRQ
*OLVVH] OHV DOLPHQWV j JULOOHU j O·pFKHORQ RX VHORQ
O·pSDLVVHXU /D GLVWDQFH HQWUH OHV DOLPHQWV HW OH FRUSV
GH FKDXIIH SHXW YDULHU YHUV OH KDXW RX YHUV OH EDV VHORQ
OD FRXUEXUH GH OD YR€WH GX JULO 6L OHV DOLPHQWV j JULOOHU
VRQW JUDV LO YDXW PLHX[ OHV pORLJQHU GX FRUSV GH
FKDXIIH
,O IDXW JOLVVHU OD SODTXH j JkWHDX[ GDQV OHV JXLGHV DX
QLYHDX RX SRXU UpFXSpUHU OH MXV HW pYLWHU O·HQFUDVVH
PHQW GX IRXU
6L YRXV GHYH] HIIHFWXHU SOXVLHXUV JULOODGHV FRQVpFXWL
YHV LO IDXW QHWWR\HU OD SODTXH DSUqV FKDFXQH G·HOOHV
7XUERJULO
/D IRQFWLRQ WXUERJULO HVW LQWpUHVVDQWH SRXU U{WLU OHV JURV
PRUFHDX[ GH YLDQGH OHV JLJRWV OD YRODLOOH HWF
6pOHFWLRQQH] OD IRQFWLRQ WXUERJULO HW XQH WHPSpUDWXUH
GH j ˜&
/H JULO j LQIUDURXJH WUDYDLOOH DYHF OH YHQWLODWHXU SRXU Up
SDUWLU XQLIRUPpPHQW OD FKDOHXU 1RQ VHXOHPHQW OD VXU
IDFH VXSpULHXUH PDLV DXVVL WRXV OHV F{WpV VRQW GRUpV
XQLIRUPpPHQW
/HV SLqFHV GH YLDQGH GH JUDQGH KDXWHXU OHV U{WLV URX
OpV OHV FDUUpV GH SRUF OHV MDUUHWV RX OD YRODLOOH DFTXLq
UHQW XQH VXUIDFH ELHQ GRUpH HW FURXVWLOODQWH DORUV TXH
O·LQWpULHXU UHVWH WHQGUH HW MXWHX[
&HWWH PpWKRGH GH FXLVVRQ SHXW pJDOHPHQW V·DSSOLTXHU
DX[ JUDWLQV HW DX[ VRXIIOpV
*OLVVH] OD SODTXH j JkWHDX[ GDQV OHV JOLVVLqUHV j
O·pFKHORQ RX HQ SRVDQW OD JULOOH VXSSRUWDQW O·DOLPHQW
j U{WLU LPPpGLDWHPHQW GHVVXV DLQVL TXH OH PRQWUH OD
ILJXUH FLFRQWUH
*ULOOHU DYHF OD EURFKH WRXUQDQWH
&H PRGH GH U{WLVVDJH DOOLH OHV IRQFWLRQV GH JULO j LQIUD
URXJH HW GH JULO j JUDQGH VXUIDFH DYHF XQ PRWHXU pOHF
WULTXH IDLVDQW WRXUQHU OD EURFKH
/H VXSSRUW SLYRWDQW GH OD EURFKH V·LQVWDOOH GDQV OHV
UDLOV GH OD SDUWLH GURLWH DX QLYHDX HW VHUW GH SDOLHU
DYDQW SRXU OD URWDWLRQ GH OD WLJH
/H JLJRW OD YRODLOOH RX WRXW DXWUH DOLPHQW HVW HQILOp VXU
OD WLJH GH OD EURFKH HW UHWHQX SDU GHX[ DJUDIHV
/D WLJH GH OD EURFKH HVW HQILOpH GDQV OH FDUUp G·HQWUDv
QHPHQW VLWXp j JDXFKH GDQV OD SDURL DUULqUH SXLV SRVp
VXU OH VXSSRUW DYDQW
/D SLqFH j U{WLU YD DORUV WRXUQHU OHQWHPHQW DXGHVVRXV
GHV FRUSV GH FKDXIIH
*OLVVH] OD SODTXH j JkWHDX[ GDQV OHV JOLVVLqUHV j
O·pFKHORQ RX SRXU UpFXSpUHU OH MXV
6WpULOLVDWLRQ
DYHF FKDOHXU LQIpULHXUH RX DLU FKDXG
%ODQFKLVVH] WRXW G·DERUG YRV OpJXPHV UHIURLGLVVH]
OHV VRXV O·HDX IURLGH HW PHWWH]OHV GDQV OHV ERFDX[
/HV IUXLWV SUpSDUpV VHURQW LQWURGXLWV GLUHFWHPHQW GDQV
OHV ERFDX[
7RXV OHV YHUUHV XWLOLVpV GHYURQW rWUH GH PrPH
JUDQGHXU HW HQ SDUIDLW pWDW 9pULILH] O·pWDQ
FKpLWp GHV FDRXWFKRXFV GH IHUPHWXUH
&XLVH] VpSDUpPHQW GH O·HDX VXFUpH RX VDOpH SXLV WHU
PLQH] OH UHPSOLVVDJH GHV ERFDX[ MXVTX·DX GH OHXU
KDXWHXU
(QILOH] OD SODTXH j JkWHDX[ GDQV O·pFKHORQ LQIpULHXU
SXLV GLVSRVH] OHV ERFDX[ ELHQ DOLJQpV VXU FHWWH SOD
TXH FRPPH OH PRQWUH OD ILJXUH FLFRQWUH
/HV ERFDX[ QH GRLYHQW SDV VH WRXFKHU HW QH
GRLYHQW SDV HQWUHU HQ FRQWDFW DYHF OH IRXU
/H WHPSV GH VWpULOLVDWLRQ HW OD WHPSpUDWXUH VH WURXYHQW
GDQV OD WDEOH GH VWpULOLVDWLRQ
1·RXYUH] MDPDLV OD SRUWH GX IRXU SHQGDQW WRXWH
OD GXUpH GH VWpULOLVDWLRQ
/RUVTXH OD VWpULOLVDWLRQ HVW WHUPLQpH UHWLUH] OHV ERFDX[
GX IRXU HW ODLVVH]OHV UHIURLGLU VXU XQH SODQFKH HQ ERLV
RX VXU XQH FRXYHUWXUH j O·DEUL GH WRXW FRXUDQW G·DLU
3RXU FHUWDLQV OpJXPHV KDULFRWV HW FKRX[ LO IDXW UpSp
WHU OD VWpULOLVDWLRQ j KHXUHV SOXV WDUG
$SUqV UHIURLGLVVHPHQW YpULILH] O·pWDQFKpLWp GH OD IHU
PHWXUH 6L OH FRXYHUFOH V·HQOqYH IDFLOHPHQW LO IDXW Up
SpWHU OD VWpULOLVDWLRQ GX ERFDO FRUUHVSRQGDQW RX XWLOLVHU
LPPpGLDWHPHQW VRQ FRQWHQX
6pFKDJH DYHF DLU FKDXG
/H VpFKDJH SHXW V·HIIHFWXHU VXU RX QLYHDX[ YRLU OD
WDEHOOH GH VpFKDJH HQ SUHQDQW VRLQ G·LQWHUYHUWLU GH
WHPSV HQ WHPSV OHV SODWHDX[
*DUQLVVH] OD SODTXH GH JkWHDX DYHF GX SDSLHU GH SUR
WHFWLRQ HW GLVSRVH] OHV SURGXLWV j VpFKHU DXVVL VHUUpV
TXH SRVVLEOH PDLV VXU XQH VHXOH FRXFKH
3ODTXH j VpFKDJH FRPPH DFFHVVRLUH VSpFLDO YRLU OD
EXOOHWLQ GH FRPPDQGH
/DLVVHU RXYHUWH G·HQYLURQ FP OD SRUWH GX IRXU
HQ SODoDQW XQ FRLQ HQ ERLV
9pULILHU OH GHJUp GH VpFKDJH GH YRV DOLPHQWV DYDQW OD
ILQ GH OD GXUpH GH VpFKDJH SUpYXH
,O VXIILW GH SUHQGUH HQ PDLQ RX PRUFHDX[ GH O·DOL
PHQW j VpFKHU HW GH OH SUHVVHU HQWUH OH SRXFH HW O·LQGH[
,O QH GRLW SOXV V·pFRXOHU DXFXQ MXV PDLV OH SURGXLW Vp
FKp QH GRLW SDV rWUH FDVVDQW
,QIRUPDWLRQV JpQpUDOHV VXU OH U{WLVVDJH HW OD FXLVVRQ
5{WLVVDJH DYHF O·DLU FKDXG HW FKDXIIDJH HQ KDXW HW
HQ EDV
&KRL[ GH OD WHPSpUDWXUH
/H WHPSV GH U{WLVVDJH GpSHQG GX JHQUH GX U{WL FKRLVL
GH VRQ SRLGV HW GH VD KDXWHXU
/·XVDJH HVW GH FDOFXOHU OH WHPSV QpFHVVDLUH SDU FHQWL
PqWUH GH KDXWHXU
/H IRQFWLRQQHPHQW j DLU FKDXG DFFpOqUH OD WUDQVPLV
VLRQ GH OD FKDOHXU j OD SLqFH j FXLUH SDU UDSSRUW j OD Pp
WKRGH FRQYHQWLRQQHOOH /D WHPSpUDWXUH LQGLTXpH GDQV
OD UHFHWWH SRXU OH FKDXIIDJH XQLTXHPHQW HQ KDXW HW HQ
EDV SHXW rWUH GLPLQXpH GH ˜&
Ÿ
%RHXI FKDVVH
PLQXWHV
)LOWUH j JUDLVVH GH YLDQGH
Ÿ
3RUF YHDX
PLQXWHV
Ÿ
)LOHW URDVWEHHI
PLQXWHV
,QVWDOOH] OH ILOWUH j JUDLVVH GH YLDQGH DYDQW GH ODQFHU OH
U{WLVVDJH j O·DLU FKDXG RX DYHF OH WXUERJULO &H ILOWUH SUR
WqJH O·LQWpULHXU GX IRXU G·XQH VDOLVVXUH H[DJpUpH
3OXV OH PRUFHDX GH YLDQGH HVW KDXW SOXV OD WHPSpUD
WXUH GX IRXU SHXW rWUH PRLQV pOHYpH
/·pWDW GH FXLVVRQ GH OD YLDQGH SHXW rWUH WHVWp HQ SUHV
VDQW GHVVXV DYHF XQH FXLOOqUH 6L OH U{WL QH V·HQIRQFH
SDV LO HVW FXLW
&RQVHLO 'DQV OH FRPPHUFH GHV DSSDUHLOV PpQDJHUV
RQ WURXYH GHV WKHUPRPqWUHV LQGLTXDQW O·pWDW GH FXLV
VRQ
/DLVVH] OH U{WL GDQV OH IRXU XQH GL]DLQH GH PLQXWHV
DSUqV O·DYRLU pWHLQW SRXU SHUPHWWUH DX MXV GH V·pFRXOHU
FH TXL VLPSOLILH OH GpFRXSDJH
5{WLU VXU OH JULO
/D SLqFH j U{WLU GRLW rWUH GpSRVpH VXU OH JULO DYHF OH F{Wp
j GUHVVHU WRXUQp YHUV OH KDXW (QILOH] OD SODTXH GX JULO
GDQV OHV JOLVVLqUHV RX SXLV LQWURGXLVH] OH JULO MXVWH
DXGHVVXV VXU OH UDLO GH OD JOLVVLqUH
5{WLU GDQV XQH U{WLVVRLUH RX VXU OD SODTXH
0HWWH] OH PRUFHDX GH YLDQGH PDLJUH GH FKDVVH RX GH
KDFKLV GLUHFWHPHQW GDQV OD U{WLVVRLUH UpFLSLHQW j U{WLU
HQ S\UH[ RX HQ WHUUH FXLWH YHUQLH RX VXU OD SODTXH
6L OH WHPSV GH FXLVVRQ GRLW GpSDVVHU XQH KHXUH DMRX
WH] OHV LQJUpGLHQWV SRXU OD VDXFH GDQV OD U{WLVVRLUH XQH
GHPLKHXUH DYDQW OD ILQ GH OD FXLVVRQ SXLV ODLVVH] GR
UHU HW FRPSOpWH] DYHF XQ SHX G·HDX FKDXGH
8WHQVLOHV SRXU U{WLU HW FXLUH
3RXU U{WLU HW FXLUH DYHF O·DLU FKDXG YRXV XWLOLVHUH] GH
SUpIpUHQFHV OHV XVWHQVLOHV OLYUpV DYHF O·DSSDUHLO j VD
YRLU OHV IRUPHV FODLUHV HW IRQFpHV SRXU OD FXLVVRQ OD
FpUDPLTXH HW OHV IRUPHV UpVLVWDQW j OD WHPSpUDWXUH
1RWH] TXH OHV SODTXHV HW OHV IRUPHV PpWDOOLTXHV FODL
UHV QpFHVVLWHQW XQ WHPSV GH FXLVVRQ SOXV ORQJ 9HXLO
OH] FRQVXOWHU OHV LQVWUXFWLRQV UHPLVHV j FHW HIIHW SDU OH
IDEULFDQW
/HV PRXOHV j FXLUH RX OHV DXWUHV XVWHQVLOHV GRLYHQW
rWUH SRVpV VXU OD SODTXH j JkWHDX[
,O IDXW SDU FRQWUH HQOHYHU FH ILOWUH ORUV GH OD FXLVVRQ QRU
PDOH /D PHLOOHXUH UpSDUWLWLRQ GH OD FKDOHXU SHUPHW GH
GLPLQXHU OH WHPSV GH SUpSDUDWLRQ
3UpFKDXIIDJH
/H SUpFKDXIIDJH Q·HVW SOXV QpFHVVDLUH GDQV OD SOXSDUW
GHV SUpSDUDWLRQV FDU OD WHPSpUDWXUH SUpUpJOpH HVW DW
WHLQWH WUqV UDSLGHPHQW 9HXLOOH] FRQVXOWHU OD WDEOH GHV
WHPSV GH U{WLVVDJH HW GH FXLVVRQ 1RXV UHFRPPDQGRQV WRXWHIRLV GH SUpFKDXIIHU OH IRXU
GDQV OHV FDV VXLYDQWV
6WHDNV HW WUDQFKHV GH YLDQGH WHOOHV TXH ILOHW
URDVWEHHI HVFDORSH RX F{WHOHWWH /HV SRUHV GH OD
YLDQGH VH UHIHUPHQW SOXV UDSLGHPHQW HW O·LQWpULHXU
UHVWH SOXV MXWHX[
3kWLVVHULH SRXYDQW FRXOHU IDFLOHPHQW SHWLWV SDLQV
JkWHDX[ URXODGHV HWF
,O VXIILW DORUV GH SUpUpJOHU OD WHPSpUDWXUH YRXOXH HW G·DW
WHQGUH TXH FHOOHFL VRLW DWWHLQWH DYHQW G·LQWURGXLUH OHV
PHWV
5HPDUTXHV VXU O·XWLOLVDWLRQ GH OD WDEOH GHV WHPSV
GH FXLVVRQ
/D WDEOH GHV WHPSV GH FXLVVRQ FRQWLHQW GDQV FHUWDLQV
FDV O·LQGLFDWLRQ G·XQH SODJH GH WHPSpUDWXUH SDU H[HP
SOH ˜& &KRLVLVVH] GH SUpIpUHQFH OD WHPSpUD
WXUH OD SOXV EDVVH LQGLTXpH (Q FDV FRQWUDLUH YRWUH Jk
WHDX VHUD WURS FXLW GHVVXV LO QH VHUD SDV DVVH] OHYp RX
LO V·HIIRQGUHUD SDUFH TXH O·KXPLGLWp TX·LO FRQWLHQW Q·D
SDV pWp VXIILVDPPHQW pOLPLQpH
6L OH WHPSV GH FXLVVRQ HVW WURS ORQJ RX VL OH GHVVXV GH
O·DOLPHQW j FXLUH QH EUXQLW SDV FRPPH LO VHUDLW VRXKDLWD
EOH LO IDXW DORUV FKRLVLU OD WHPSpUDWXUH OD SOXV pOHYpH IL
JXUDQW GDQV OD WDEOH
/H EUXQLVVHPHQW UpJXOLHU GHV JkWHDX[ SHXW rWUH DPp
OLRUp HQ GLPLQXDQW G·HQYLURQ ˜& OD WHPSpUDWXUH GH
FXLVVRQ LQGLTXpH HW HQ UDOORQJHDQW OH WHPSV GH FXLVVRQ
PHQWLRQQp
/HV GRQQpHV GH OD GXUpH GH FXLVVRQ SHXYHQW YDULHU HQ
IRQFWLRQ GH OD JUDQGHXU GHV RHXIV XWLOLVpV GHV SRVVLEL
OLWpV GH OLDLVRQ GH OD IDULQH HW GH OD PDWLqUH GX PRXOH
FKRLVL
1HWWR\DJH HW HQWUHWLHQ
/RUV GX QHWWR\DJH GH JXLGHV GH SODTXHV pFODLUDJH GX
IRXU HW GH OD SRUWH GX IRXU DXFXQ FRUSV GH FKDXIIH QH
GRLW rWUH HQFOHQFKp $WWHQGH] TXH OH IRXU VRLW VXIILVDP
PHQW UHIURLGL SRXU TXH YRXV SXLVVLH] WRXFKHU VDQV GDQ
JHU OHV RUJDQHV LQWHUQHV 6HXO O·pFODLUDJH GX IRXU SHXW
UHVWHU HQ IRQFWLRQ
/·DSSDUHLO QH GRLW SDV rWUH QHWWR\p DYHF XQ V\V
WqPH GH QHWWR\DJH j YDSHXU RX j KDXWH SUHV
VLRQ SRXU GHV UDLVRQV GH VpFXULWp pOHFWULTXH
1HWWR\H] UpJXOLqUHPHQW HW j IRQG YRWUH IRXU ORUVTX·LO HVW
WLqGH RX IURLG eYLWH] OD FRPEXVWLRQ GHV pFODERXVVXUHV
JUDLVVHXVHV
1HWWR\DJH GX IRXU FDWDO\WLTXH
VXUIDFH UXJXHXVH SRUHXVH
9RWUH IRXU HVW pTXLSp G·XQ V\VWqPH GH QHWWR\DJH FDWD
O\WLTXH FKDUJp GH EU€OHU OHV SHWLWV UpVLGXV j XQH WHPSp
UDWXUH VXSpULHXUH j E& /HV SHWLWHV WDFKHV JUDLV
VHXVHV VXU OHV SDURLV GX IRXU VRQW WRXW j IDLW QRUPDOHV
6R\HV DWWHQWLI DX[ LQGLFDWLRQV VXLYDQWHV SRXU XQ IRQF
WLRQQHPHQW RSWLPDO GX V\VWqPH GH QHWWR\DJH
$SUqV DYRLU U{WL RX JULOOp XQ PHWV SURGXLVDQW GH IRUWHV
pFODERXVVXUHV YLDQGH JUDVVH SRXOHW HWF RQ SHXW
ODLVVHU OH IRXU YLGH HQFOHQFKp j WHPSpUDWXUH PD[LPDOH
SHQGDQW PLQXWHV SXLV OH ODLVVHU UHIURLGLU DYDQW GH OH
QHWWR\HU
1·XWLOLVH] SDV GH SURGXLW SRXYDQW SURYRTXHU
GHV JULIIXUHV GH GpWHUJHQW PRXVVDQW GH VSUD\
SRXU IRXU RX GH SDLOOH GH IHU FDU FHV SURGXLWV
GpWUXLVHQW OHV SURSULpWpV G·DXWRQHWWR\DJH GX
IRXU
1·RXYULU TXH UDSLGHPHQW OH IRXU DILQ GH UHQIRU
FHU O·HIIHW DXWRQHWWR\DQW
1·XWLOLVH] SDV GH FKLIIRQV WH[WLOHV FDU OHV ILOR
FKHV UHVWHQW SULVHV GDQV OD UXJRVLWp GHV VXUID
FHV DXWRQHWWR\DQWHV
1HWWR\DJH GX JULO GHV SODTXHV GHV PRXOHV HW GHV
JOLVVLqUHV
&HV REMHWV GRLYHQW rWUH QHWWR\pV j O·DLGH G·HDX FKDXGH
VDYRQQHXVH &HV SLqFHV QH VXSSRUWHQW SDV OH SDV
VDJH GDQV OD PDFKLQH j ODYHU OD YDLVVHOOH
1·XWLOLVH] SDV GH SURGXLW SRXYDQW SURYRTXHU
GHV JULIIXUHV GH GpWHUJHQW PRXVVDQW GH VSUD\
SRXU IRXU RX GH SDLOOH GH IHU
)LOWUH j JUDLVVH GH YLDQGH
$SUqV FKDTXH XWLOLVDWLRQ QHWWR\H] FH ILOWUH DYHF XQH
EURVVH GRXFH HW GH O·HDX FKDXGH VDYRQQHXVH RX PHW
WH]OH GDQV OH ODYHYDLVVHOOH 6L O·HQFUDVVHPHQW HVW
LPSRUWDQW LO IDXW OH ODLVVHU WUHPSHU
1·XWLOLVH] SDV GH SURGXLW SRXYDQW SURYRTXHU
GHV JULIIXUHV GH GpWHUJHQW PRXVVDQW GH VSUD\
SRXU IRXU RX GH SDLOOH GH IHU
0RQWDJH HW GpPRQWDJH GHV JXLGHV GH SODTXHV
3RXU IDFLOLWHU OH QHWWR\DJH GHV JXLGHV GH SODTXHV RQ
SHXW OHV VRUWLU GX IRXU
$ OD KDXWHXU GH OD SRVLWLRQ OHV VXSSRUWV SHXYHQW rWUH
UHWLUpV GH OD SDURL SDU O·DYDQW SXLV RQ GpJDJH O·DUULqUH
HW RQ SHXW VRUWLU OH VXSSRUW SDU O·DYDQW GX IRXU
3RXU UHPRQWHU OH VXSSRUW LO VXIILW GH OH VXVSHQGUH SDU
O·DUULqUH SXLV G·LQWURGXLUH OHV FURFKHWV GH OD SDUWLH
DYDQW GDQV OHV WURXV GH OD SDURL HW G·HQIRQFHU OH VXS
SRUW GDQV VD SRVLWLRQ QRUPDOH
5pFLSLHQW UpIOpFKLVVDQW
1·XWLOLVH] SDV GH GpWHUJHQW SRXYDQW SURYRTXHU
GHV UD\XUHV QL GH ODLQH G·DFLHU
1H SDV OH QHWWR\HU GDQV OH ODYHYDLVVHOOH
,O VXIILW GH ODYHU OH UpFLSLHQW DSUqV FKDTXH XWLOLVDWLRQ j
O·DLGH G·XQH EURVVH GRXFH HW GH O·HDX FKDXGH VDYRQ
QHXVH 6L O·HQFUDVVHPHQW HVW LPSRUWDQW LO IDXW OH ODLV
VHU WUHPSHU
8WLOLVH] XQH EDVH OLVVH ORUV GX QHWWR\DJH SRXU
HPSrFKHU GHV GHIRUPDWLRQV
3DQQHDX V\QRSWLTXH HW SRUWH GX IRXU
9HLOOH] j OD SURSUHWp GHV VXUIDFHV DVVXUDQW
O·pWDQFKpLWp HQWUH OD SRUWH HW VRQ FDGUH
/H SDQQHDX GH FRPPDQGH DLQVL TXH OD SRUWH GX IRXU
GRLYHQW rWUH QHWWR\pV j O·HDX FKDXGH RX DYHF XQ SUR
GXLW GH QHWWR\DJH SRXU OHV YLWUHV SXLV VpFKpV VRLJQHX
VHPHQW 1·XWLOLVHU TXH GH O·HDX FKDXGH SRXU O·LQWpULHXU
GH OD SRUWH GX IRXU
/D YLWUH LQWpULHXUH HVW UHFRXYHUWH G·XQH FRXFKH VSpFLD
OHPHQW UpVLVWDQWH DX UD\RQQHPHQW GH OD FKDOHXU ,O IDXW
GRQF pYLWHU G·XWLOLVHU XQ GpWHUJHQW DJUHVVLI SRXYDQW
SURYRTXHU GHV JULIIXUHV GH OD VXUIDFH DLQVL TXH WRXW
SURGXLW PRXVVDQW
/RUV GX QHWWR\DJH GH OD SRUWH LO IDXW IDLUH ELHQ DWWHQWLRQ
j FH TXH FHOOHFL UHVWH VXVSHQGXH HW TXH O·pWULHU
SURWpJHDQW OD FKDUQLqUH UHSRVH ELHQ VXU FHWWH GHUQLqUH
YRLU ILJXUH FLFRQWUH /·pFODLUDJH GX IRXU pFKDQJH GHV DPSRXOHV
6723
$YDQW GH IDLUH O·pFKDQJH LO IDXW REOLJDWRLUH
PHQW GpFRQQHFWHU O·DOLPHQWDWLRQ pOHFWULTXH GH
WRXW O·DSSDUHLO HQ HQOHYDQW OHV IXVLEOHV
,O HVW SRVVLEOH GH UHPSODFHU VRLPrPH OHV DPSRXOHV
GpIHFWXHXVHV
/D QRXYHOOH DPSRXOH GH ZDWWV j YROWV
DYHF XQ FXORW ( GRLW SRXYRLU UpVLVWHU j XQH WHPSp
UDWXUH GH ˜& 9RXV SRXYH] O·REWHQLU DXSUqV GH QR
WUH PDJDVLQ FHQWUDO GH SLqFHV GH UHFKDQJH RX FKH] XQ
pOHFWULFLHQ VSpFLDOLVp
/D ODPSH HQ KDXW j GURLWH GDQV OD IDFH DUULqUH GX IRXU
HVW SURWpJpH SDU XQ XQ YHUUH URQG GH SURWHFWLRQ TXH
O·RQ SHXW IDFLOHPHQW GpYLVVHU
/·DPSRXOH VLWXpH GDQV OD SDURL JDXFKH HVW UHFRXYHUWH
SDU XQH SURWHFWLRQ FDUUpH HQ YHUUH VSpFLDO TX·LO IDXW UH
WLUHU GpOLFDWHPHQW j O·DLGH G·XQ WRXUQHYLV j SRLQWH ODUJH
DLQVL TXH OH PRQWUH OD ILJXUH FLFRQWUH $X SUpDODEOH LO
HVW QpFHVVDLUH G·HQOHYHU OH UDLO GH JXLGDJH JDXFKH GH
OD SODTXH
&RQVHLO SUDWLTXHV XWLOHV
3UREOqPH
&DXVH SUREDEOH
6ROXWLRQV
/H U{WL RX OH VRXIIOp QH
PRQWH SDV VXIILVDPPHQW
(UUHXU GH WHPSpUDWXUH FKRLVLH
&RQVXOWHU OD WDEOH GHV WHPSpUDWXUHV
/H U{WL QH EUXQLW SDV
7HPSpUDWXUH WURS pOHYpH
eOHYHU OD WHPSpUDWXUH YpULILHU O·HWDW
GH FXLVVRQ V·LO OH IDXW UDFFRXUFLU OH
WHPSV
3RXU FKDOHXU KDXW HW EDV XWLOLVHU XQ
PRXOH IRQFp
0DXYDLV PRXOH XWLOLVp
/H U{WL EUXQLW WURS
7HPSpUDWXUH WURS pOHYpH
&RQVXOWHU OD WDEOH GHV WHPSpUDWXUHV
GLPLQXHU OD WHPSpUDWXUH HW UDFFRXU
FLU OH WHPSV GH FXLVVRQ
/H U{WL HVW WURS VHF
/D GXUpH GH FXLVVRQ HVW WURS ORQJXH
DYHF XQH WHPSpUDWXUH WURS EDVVH
&RQVXOWHU OD WDEOH GHV WHPSpUDWXUHV
DXJPHQWHU OD WHPSpUDWXUH HW UDF
FRXUFLU OH WHPSV GH FXLVVRQ
/H U{WL HVW WURS KXPLGH
/·KXPLGLWp Q·D SDV SX V·pFKDSSHU j
FDXVH GH OD WHPSpUDWXUH WURS pOHYpH
7URS G·KXPLGLWp GDQV OD SkWH
&KRLVLU OD WHPSpUDWXUH OD SOXV EDVVH
LQGLTXpH GDQV OD WDEOH
3UpSDUHU XQH SkWH PRLQV KXPLGH
6L TXHOTXH FKRVH QH IRQFWLRQQH SDV
3UREOqPH
&DXVH SUREDEOH
6ROXWLRQV
/H IRXU QH IRQQFWLRQ SDV
3DQQH G·DOLPHQWDWLRQ pOHFWULTXH
9pULILHU OHV IXVLEOHV
/H IRXU QH FKDXIIH SDV
PDOJUp OD VpOHFWLRQ GH IRQF
WLRQ HW GH WHPSpUDWXUH
/H SURJUDPPH DXWRPDWLTXH D pWp pWDEOL
SRXU V·HQFOHQFKHU SOXV WDUG
6XSSULPHU O·HQFOHQFKHPHQW DXWRPD
WLTXH H[LVWDQW HW OH SURJUDPPHU j
QRXYHDX
/·pFODLUDJH GX IRXU QH IRQF
WLRQQH SDV
/·DPSRXOH HVW GpIHFWXHXVH
5HPSODFHU O·DPSRXOH
UHJDUGH] SDJH /·KRUORJH pOHFWURQLTXH DI
ILFKH ô HQ FOLJQRWDQW
8QH SDQQH G·DOLPHQWDWLRQ pOHFWULTXH
V·HVW SURGXLWH LO \ D XQ PRPHQW
5HPHWWUH j MRXU OD GDWH HW O·KHXUH
UHJDUGH] SDJH 6723
/HV DSSDUHLOV GpIHFWXHX[ QH GRLYHQW SOXV rWUH XWLOLVpV (Q FDV G·LQFLGHQW GpYLVVHU HW UHWLUHU OHV IXVLEOHV
1H PRGLILH] SDV O·DSSDUHLO 7RXWH LQWHUYHQWLRQ QRQ TXDOLILpH SHXW FDXVHU GHV GRPPDJHV PDWpULHOV RX FRUSR
UHOV
6L OHV FRQVHLOV FLGHVVXV VRQW LQVXIILVDQWV YHXLOOH] FRQWDFWHU QRWUH VHUYLFH WHFKQLTXH
,QVWUXFWLRQ GH PRQWDJH IRXU j HQFDVWUHU 606 ODUJHXU FP j DLU pYDFXp 9
0RQWDJH
6RUWLU OH WLURLU G·XVWHQVLOHV SRXU FH IDLUH SRXVVHU
OH SDQQHDX GH WLURLU GHSXLV OH PLOLHX YHUV O·LQWp
ULHXU MXVTX·j FH TXH OH WLURLU VH GpEORTXH GX OR
TXHW 7LUHU OH WLURLU MXVTX·j OD EXWpH ILQDOH HW OH
VRXOHYHU
,QWURGXLUH] OH IRXU GDQV OD QLFKH MXVTX·j UDV GH OD
IDFH DYDQW
)L[HU OH IRXU ODWpUDOHPHQW GHV GHX[ F{WpV j
O·DLGH GHV YLV GpWDLO $ /H FODSHW GH UHWHQXH ) IRXUQL DYHF OH WX\DX IL[D
WLRQ j EDwRQQHWWH 7HPSpUDWXUH PD[LPDOH GH
O·DLU pYDFXp ˜&
8Q pOpPHQW FRXUW GRLW rWUH PRQWp DXGHVVXV GX
IRXU SDU FRQVpTXHQW OD SDURL DUULqUH GRLW rWUH Gp
PRQWDEOH
&RQQH[LRQ pOHFWULTXHFKHPLQHPHQW GHV FkEOHV
/D FRQQH[LRQ DX VHFWHXU GRLW rWUH H[pFXWpH SDU XQ
pOHFWULFLHQ DJUpH
/H FkEOH G·DOLPHQWDWLRQ GRLW rWUH DX PRLQV GH W\SH
+99) RX VXSpULHXU
/·LQVWDOODWLRQ GH O·DSSDUHLO GRLW V·HIIHFWXHU VRLW SDU O·HQ
WUHPLVH G·XQ FkEOH DYHF ILFKH DPRYLEOH VRLW SDU XQ Fk
EOH SRVp j GHPHXUH DYHF XQ FRXSHFLUFXLW VpSDUDQW
WRXWHV OHV SKDVHV GX VHFWHXU HW SRVVpGDQW XQ HVSDFH
G·DX PRLQV PP HQWH OHV FRQWDFWV
/D FRQQH[LRQ pOHFWULTXH SDU O·LQWHUPpGLDLUH G·XQH SULVH
GRLW rWUH SUpYXH GX F{Wp EkWLPHQW GH PDQLqUH TXH OD
SULVH VRLW SODFpH KRUV GH O·HVSDFH FRRUGRQQp (Q FDV
GH FRQQH[LRQ GLUHFWH SUpYRLU XQH ORQJXHXU GH FkEOH
G·HQYLURQ FP
2XYULU OD ERvWH GH ERUQHV GH FRQQH[LRQ GpWDLO
'
5DFFRUGHU OHV ERUQHV HQ VH UpIpUDQW DX FRX
SODJH
$VVXUHU O·DUUrW GH WUDFWLRQ HQ SUHVVDQW IL[H OD IHU
PHWXUH j GpFOLF GpWDLO ( 5HIHUPHU OD ERvWH GH ERUQHV GH FRQQH[LRQ
3RVHU OH FkEOH GH UDFFRUGHPHQW pOHFWULTXH HQ
GHVVRXV GX FDQDO GH IDoRQ TX·LO QH WRXFKH SDV OH
WLURLU
(Q FDV GH VHUYLFH LO IDXW GpEUDQFKHU O·DSSD
UHLO GX UpVHDX
&RQWUDLUHPHQW DX[ SUHVFULSWLRQV G·LQVWDOODWLRQ LQWp
ULHXUH GH O·$6( DUWLFOH O·DSSDUHLO j HQFDV
WUHU SHXW rWUH PRQWp GDQV GHV PDWpULDX[ FRPEXVWLEOHV
)
$
$
$
3ODTXHWWH
$
1
VLJQDOpWLTXH
$ $
$
'
$
1
$ $SSDUHLO
1 1LFKH
$ 1 GpWDLO $
GpWDLO '
GpWDLO (
'LDJUDPPH GH SXLVVDQFH
3D
&RXSODJH
/
/
9a+]
FDPS G·DFWLYLWp
'pVLJQDWLRQ GHV SKDVHV
/ / FRUUHVSRQGDQW j 5 6
UHFRPPDQGp
([HPSOHV GH SODQLILFDWLRQ HW PRQWDJH
&RPPH OHV H[HPSOHV G·DLU G·pFKDSSH
PK
5pVHDQ
FDPS G·DFWLYLWp
UHFRPPDQGp
PHQW SRXU OH IRXU HW KRWWH G·DVSLUDWLRQ
QU G·,QVWU 'RQQpHV WHFKQLTXH %3+ 5
'LPHQVLRQV H[WpULHXUHV
+DXWHXU
FP
/DUJHXU
FP
3URIRQGHXU
FP
3URIRQGHXU PD[ DYHF SRUWH RXYHUWH
FP
'LPHQVLRQV LQWpULHXUHV GX IRXU
+DXWHXU
FP
/DUJHXU
FP
3URIRQGHXU
FP
9ROXPH
O
3RLGV WRWDO QHWWR
NJ
&RQVRPPDWLRQ pOHFWULTXH
&KDXIIDJH VXSpULHXU
:
&KDXIIDJH LQIpULHXU
:
&RUSV GH FKDXIIH GH OD SDURL DUULqUH
:
*ULO j LQIUDURXJH
:
*ULO j JUDQGH VXUIDFH
:
7XUERJULO
:
*DPPH GH SL]]D
:
&KDXIIDJH GX WLURLU
:
9HXLOOH] LQVFULUH GDQV FH FDGUH OHV GRQQpHV GH OD SODTXH VLJQDOpWLTXH GH YRWUH DSSDUHLO 9RXV WURXYHUH] OD SODTXH VL
JQDOpWLTXH j GURLWH VXU OH FDGUH GX IRXU DSUqV RXYULU OD SRUWH
9HXLOOH] WRXMRXUV LQGLTXHU FHV
GRQQpHV VL
YRXV GHPDQGH] O·LQWHUYHQWLRQ GX
VHUYLFH DSUqVYHQWH
UHFKDQJH RX GHV DFFHVVRLUHV
YRXV DYH] GHV TXHVWLRQV
WHFKQLTXH
%DXNQHFKW
N:
YRXV FRPPDQGH] GHV SLqFHV GH
+
S (= 3URGQU
9
a+]
7\S
6HULH
%3+ 5
S
P&
H ˜
7
&
$
[
X
D
H
Y
L
Q
&
$
[
X
D
H
Y
L
Q
H
U
X
LQ
D
5
G
X
D
K
F
U
L
$
U{WLVVDJH DX IRXU
W
H
U
X
H
L
U
p
S
X
V
H
G
H
J U
D X
I
I H
X LU
D p
K I
L
& Q
V S Q
PL
H P
7
U
X
R
I
H
O
V
Q
D
G
V
H
W
X
W
LQ Q
L
P H
W
p
U
H
V
R
S
H
U
U
H
V
V
L
D
/
W
Q
L
H
W
p
U
X
R
I
H
O
V
Q
D
G
V
H
W
X
LQ
P
U
H
V
R
S
H
U
U
H
V
V
L
D
/
V S Q
PL
H P
7
S
P&
H ˜
7
H
U
X
Q
L
D
5
V S Q
PL
H P
7
S
P&
H ˜
7
H
p
U
F
X
V
Q
R
V
L
LD
O
F
H
Y
D
V
L
D
U
I
H
p
U
F
X
V
Q
R
LV
LD
O
F
H
Y
D
V
Op
H
J
U
X
V
V
WL
X
U
I
WV
L
X
U
I
F
H
Y
D
F
H
Y
D
H
p
U
F
X
V
Q
R
V
L
LD
O
V
Q
D
V
H
LV
D
o
Q
D
U
I
H
WU
D
7
H
J
D
P
R
U
I
X
D
H
WU
D
7
V
Q
R
Q
LJ
S
P
D
K
F
[
X
D
H
WU
D
7
X
D
H
U
L
R
S
LO
R
F
R
U
E
X
D
H
WU
D
7
H
LV
U
S
U
X
V
H
WU
D
7
*kWHDX[ WRXUWHV SkWH j FDNH SkWH OHYpH SkWH DX VHUp
&
$
H
U
X
LQ
D
5
H
G
Q
D
L
Y
H
G
H
V
LV
D
U
J
j
H
U
W
OL
I
V
Q
D
V
H
p
Y
OH
LW
X
F
LV
%
H
G
D
O
X
R
5
I
S
R
OK
H
J
X
R
*
H
W
k
S
LH
S
H
O
S
S
$
[
X
D
X
R
V
H
J
Q
D
U
R
[
X
D
P
X
K
U
X
D
V
H V
K H
F WW
Q R
U
D
U D
7 F
p
U
E
U
D
P
H
N
D
&
Q
H
OL
R
U
\
W
H
N
D
&
R
F
R
F
H
G
L[
R
Q
D
O
j
H
N
D
&
V
H
F
X
R
G
V
H
WW
H
J
U
X
R
F
[
X
D
H
WU
D
7
H
J
D
P
P
R
U
I
L[
R
Q
[
X
D
H
N
D
&
X
D
p
U
p
F
X
D
H
WU
X
R
7
7DUWHV SkWH EULVpH HW IHXLOOHWpH
&XLVVRQ DX IRXU
H
G
Q
D
L
Y
H
G
H
V
LV
D
U
J
j
H
U
W
OL
I
V
Q
D
V
7
$
W
Q
D
Q
U
X
R
W
U
L
$
7DEOH GH FXLVVRQ HW GH
V
D
U
J
V
H
U
q
W
F
D
U
D
F
Q
H
V
p
P
LU
S
P
L
W
Q
R
V
H
J
OD
LI
Q
·H
G
[
X
D
H H
Y
L p
Q X
T
V LG
H
O Q
L
H H
X U
T X
L W
V D
U
Q
L p
D S
P
H H
J W
D D
V O
V
LW j
{
U H
J
H D
G II
W X
H D
Q K
R F
V Up
V
L S
X Q
F X
H W
G Q
WL
V H
S V
P V
H
H
W F
V p
H Q
V O
H W H
H X
Y
WL V T
D H V
L
U U
P
L WX Wp
[
D V
R
U U D
S p Q
S S X
D P ·
H G
V
U W V
X V H
L
OH OH Q
D X
Y Q
P
V R
W
H V
Q
V
G L R
W X V
Q F L
R H X
V G T
V V H
p H U
X p WX
T
L G D
G Q Up
Q
L D S
Q P P
R P WH
V R
V
L F H
X UH G
F
V V
H H Q
G G LR
W
V R D
S K
W F
L
P p G
H
L
W P Q
V V V
H H H
/ / /
[
X
D
H
Y
L
Q
7
$
K
K
S
P&
H ˜
7
&
$
[
X
D
H
Y
L
Q
&
$
[
X
D
H
Y
L
Q
H
U
X
LQ
D
5
V S Q
PL
H P
7
S
P&
H ˜
7
G
X
D
K
F
U
L
$
HW
GH
W
H
U
X
H
L
U
p
S
X
V
H
G
H
J U
X
ID
I H
X LU
D p
K I
L
& Q
V S Q
PL
H P
7
H
U
X
Q
L
D
5
V S Q
PL
H P
7
S
P&
H ˜
7
3HWLWV ELVFXLWV SkWH j ELVFXLW SkWH VDEOpH PDVVH j PHULQJXH
&XLVVRQ DX IRXU
&
$
H
U
X
LQ
D
5
K
K
H
P
q
U
F
D
O
j
[
X
R
K
F
H
p
OI
I
X
R
V
H
LU
H
V
V
WL
k
3
V
H
WU
X
R
W
U
X
R
S
H
Op
E
D
V
H
W
k
S
H
G
V
G
Q
R
)
V
WH
W
OH
H
WU
D
W
H
G
V
G
Q
R
)
K
K
V
U
L
R
U
L
0
V
H
G
Q
D
P
D
[
X
D
V
W
Q
D
V
LV
R
U
&
V
H
X
J
LQ
U
H
0
H
G
Q
D
L
Y
H
G
H
V
LV
D
U
J
j
H
U
W
OL
I
V
Q
D
V
R
U
p
S
·D
O
U
X
R
S
V
Op
D
V
V
WL
W
H
3
Q
R
E
P
D
M
X
D
V
W
Q
D
V
LV
R
U
&
V
Wp
H
OO
L
X
H
)
H
W
€
R
U
F
Q
H
F
U
R
S
H
G
W
OH
L
)
WH
€
R
U
F
Q
H
V
H
V
V
L
F
X
D
V
V
H
WL
W
H
3
H
G
Q
D
L
Y
H
G
H
V
LV
D
U
J
j
H
U
W
OL
I
V
Q
D
V
3kWH OHYpH JkWHDX[ WUHVVHV SDLQ HW SL]]DV
H
G
Q
D
L
Y
H
G
H
V
LV
D
U
J
j
H
U
W
OL
I
V
Q
D
V
3kWH IHXLOOHWpH
7
$
W
Q
D
Q
U
X
WR
U
L
$
7DEOH GH FXLVVRQ
U{WLVVDJH
{WL
DX IRXU
I
[
X
D
H
Y
L
Q
7
$
U
H
II
X
D
K
F
p
U
S
H
p
K
F
LR
U
E
H
Q
Q
R
U
X
R
&
OH
LO
H
E
D
·
G
G
L
1
I
S
R
OK
H
J
X
R
*
H
OOL
D
W
H
V
V
H
U
7
W
Q
D
V
V
R
LU
&
Q
OR
H
V
Q
L
D
3
V
LQ
D
S
V
WL
W
H
3
Q
L
D
S
H
O
V
Q
D
G
WL
X
F
Q
R
E
P
D
-
H
U
L
X
F
LW
X
F
W
Q
H
P
H
K
vF
D
UI
Q
L
D
S
WL
W
H
3
H
U
X
LQ
D
5
V S Q
PL
H P
7
S
P&
H ˜
7
&
$
[
X
D
H
Y
L
Q
&
$
[
X
D
H
Y
L
Q
G
X
D
K
F
U
L
$
$
6
8
OL
V
p
U
%
H
L
Y
R
J
U
$
V
L
U
D
O
*
K
F
LU
X
=
V
L
D
Q
R
U
D
O
J
W
Q
H
Y
X
D
O
R
9
H
U
Wq
\
E
V
H
U
S
X
G
H
WU
X
R
7
H
U
X
LQ
D
5
V S Q
PL
H P
7
S
P&
H ˜
7
H
U
X
Q
L
D
5
V S Q
PL
H P
7
S
P&
H ˜
7
7DEOH GH FXLVVRQ
U{WLVVDJH
{WL
DX IRXU
I
HW
GH
W
H
U
X
H
L
U
p
S
X
V
H
G
H
J U
X
ID
I H
X LU
D p
K I
L
& Q
LW
X
F
W
Q
H
P
H
K
F
v
D
U
I
W
Q
D
V
V
L
R
U
F
WL
W
H
3
Q
R
V
V
L
X
F
H
G
H
O
D
Q
L
LJ
U
R
H
X
T
OD
S
D
]
L]
3
U
H
II
X
D
K
F
p
U
S
H
WL
X
F
H
U
U
WH
Q
H
H
X
T
OD
S
D
] L] LQ
3 P
V
H
Q
D
Q
D
E
[
X
D
Q
L
D
F
LU
p
P
D
H
N
D
&
D
F
LU
D
S
D
W,
·
G
R
F
R
F
X
D
X
D
H
W
k
*
H
K
LF
U
W
X
$
]
Q
L
/
H
G
H
WU
X
R
7
H
K
F
LU
W
X
$
U
H
K
F
D
6
H
WU
X
R
7
H
F
Q
D
U
)
LQ
U
D
Y
D
6
H
G
Q
D
L
Y
H
G
H
V
LV
D
U
J
j
H
U
W
OL
I
V
Q
D
V
6SpFLDOLWpV VXLVVHV
&
$
'pOLFDWHVVHV GX PRQGH HQWLHU
&XLVVRQ DX IRXU
7
$
W
Q
D
Q
U
X
WR
U
L
$
H
G
Q
D
L
Y
H
G
H
V
LV
D
U
J
j
H
U
W
OL
I
V
Q
D
V
V
Q
R
LV
U
*
X
D
LJ
WW
l
U
3
X
D
H
WW
L
3
H
O
D
W
Q
LH
U
R
H
V
LV
X
6
H
LU
R
S
H
G
Q
L
D
3
V
H
WW
R
U
D
F
[
X
D
H
WU
X
R
7
H
F
L
S
p
·
G
Q
L
D
3
[
X
D
H
Y
L
Q
7
$
S
P&
H ˜
7
&
$
[
X
D
H
Y
L
Q
&
$
[
X
D
H
Y
L
Q
H
U
X
LQ
D
5
G
X
D
K
F
U
L
$
V S Q
PL
H P
7
S
P&
H ˜
7
H
U
X
Q
L
D
5
V S Q
PL
H P
7
S
P&
H ˜
7
H
U
X
LQ
D
5
V S Q
PL
H P
7
GH
W
H
U
X
H
L
U
p
S
X
V
H
G
H
J U
X
ID
I H
X LU
D p
K I
L
& Q
H
J
D
P
R
U
I
X
G
F
H
Y
D
LW
Q
U
D
J
V
WH
D
P
R
7
H
X
J
LQ
U
p
P
j
H
V
V
D
P
F
H
Y
D
H
p
Q
LW
D
U
J
H
F
OD
*
U
X
V
W
L
X
Q
%LVFXLWV GH QRsO
HW
7DEOH GH FXLVVRQ
U{WLVVDJH
{WL
DX IRXU
I
H
G
Q
D
L
Y
H
G
H
V
LV
D
U
J
j
H
U
W
OL
I
V
Q
D
V
WV
L
X
F
V
L
E
V
H
O
V
X
WR
W
H
V
Q
D
LO
H
U
U
X
H
E
X
D
H
W
k
S
0 j
D
O
W
Q
D
G
Q
H
S
U
H
K
F
p
V
j
V
WL
X
F
LV
%
V
W
L
X
F
V
L
E
H
F
L
S
p
·
G
Q
L
D
3
V
L
Q
D
·
G
Q
L
D
3
V
H
O
U
H
K
F
p
V
U
H
V
V
L
D
/
V
H
U
WL
O
H
G
H
O
X
R
P
U
X
R
I
X
D
Q
R
V
V
L
X
F
D
O
U
X
R
S
H
O
{
W
H
Q
X
7RDVW HW *UDWLQV
&
$
H
G
Q
D
L
Y
H
G
H
V
LV
D
U
J
j
H
U
W
OL
I
V
Q
D
V
LL
D
Z
D
+
W
V
D
R
7
V
Q
R
Q
J
L
S
P
D
K
&
W
V
D
R
7
V
OH
OL
X
R
Q
H
G
Q
LW
D
U
*
V
H
LV
U
H
F
[
X
D
p
OI
I
X
R
6
H
U
U
H
W
H
G
H
P
P
R
S
H
G
Q
LW
D
U
*
H
G
Q
D
L
Y
H
G
H
V
LV
D
U
J
j
H
U
W
OL
I
V
Q
D
V
/pJXPHV UL] PDLV HWF FRPPH DFFRPSDJQHPHQW
7
$
W
Q
D
Q
U
X
WR
U
L
$
&XLVVRQ DX IRXU
[
X
D
H
Y
L
Q
7
$
WU
H
Y
X
R
F
V
L
D
0
V
LH
K
F
Q
OD
E
W
U
H
Y
X
R
F
L]
5
U
X
R
I
X
D
V
WH
LU
)
V
WH
X
U
E
U
X
R
I
X
D
V
WH
LU
)
H
G
V
H
P
P
R
S
U
X
R
I
X
D
H
U
U
WH
V
H H
G p
W
V X
H D
P V
H
P U
R U
W
3 H
H
V
V
H
K
F
X
G
V
H
P
P
R
3
S
P&
H ˜
7
&
$
[
X
D
H
Y
L
Q
&
$
[
X
D
H
Y
L
Q
&
$
G
X
D
K
F
U
L
$
W
H
U
X
H
L
U
p
S
X
V
H
G
H
J U
X
ID
I H
X LU
D p
K I
L
& Q
H
U
X
LQ
D
5
V S Q
PL
H P
7
S
P&
H ˜
7
H
U
X
Q
L
D
5
V S Q
PL
H P
7
S
P&
H ˜
7
U
H
II
X
D
K
F
p
U
S
U
H
II
X
D
K
F
p
U
S
U
H
II
X
D
K
F
p
U
S
H
U
X
LQ
D
5
V S Q
PL
H P
7
H
J
D
V
LV
W
{
U
H
O
W
Q
D
Y
D
H
O
r
R
S
D
O
V
Q
D
G
H
LU
X
F
p
U
S
j
J
N
I
H
H
E
W
V
D
R
5
H
LU
X
F
J
N
X
D
H
Y
H
G
LW
{
5
H
LU
X
F
J
N
F
U
R
S
H
G
p
U
U
D
&
H
LU
X
F
H
F
q
U
*
D
N
D
V
V
X
R
0
H
OL
D
W,
H
Q
J
D
V
D
/
LH
U
J
Q
R
+
L
Q
U
D
J
Q
R
U
LY
R
3
H
G
Q
D
L
Y
H
G
H
V
LV
D
U
J
j
H
U
W
OL
I
V
Q
D
V
&XULRVLWpV GX PRQGH HQWLHU
5{WL j EDVVH WHPSpUDWXUH
&XLVVRQ DX IRXU
H
G
Q
D
L
Y
H
G
H
V
LV
D
U
J
j
H
U
W
OL
I
F
H
Y
D
7
$
W
Q
D
Q
U
X
WR
U
L
$
7DEOH GH FXLVVRQ HW GH U{WLVVDJH
DX IRXU
[
X
D
H
Y
L
Q
7
$
S
P&
H ˜
7
&
$
[
X
D
H
Y
L
Q
&
$
[
X
D
H
Y
L
Q
H
U
X
LQ
D
5
V S Q
PL
H P
7
S
P&
H ˜
7
H
U
X
Q
L
D
5
V S Q
PL
H P
7
&
$
G
X
D
K
F
U
L
$
W
H
U
X
H
L
U
p
S
X
V
H
G
H
J U
X
ID
I H
X LU
D p
K I
L
& Q
H
U
X
LQ
D
5
V S Q
PL
H P
7
S
P&
H ˜
7
H
G
Q
LD
Y
H
G
H
V
V
L
D
U
J
j
H
U
W
OL
I
F
H
Y
D
9LDQGH YRODLOOH JLELHU HW SRLVVRQ VDQV JULO
&XLVVRQ DX IRXU
7
$
W
Q
D
Q
U
X
WR
U
L
$
7DEOH GH FXLVVRQ HW GH U{WLVVDJH
DX IRXU
[
X
D
H
Y
L
Q
7
$
H
X
T
D
O
S
D
O
U
X
V
J
N
F
U
R
S
H
G
LW
{
5
J
N
X
D
H
Y
H
G
LW
{
5
J
N
I
X
±
E
H
G
LW
{
5
G
U
OD
J
N
p
K
F
k
K
LW
{
5
X
D
LV
R
LQ
V
V
WH
LW
{
5
H
G
Q
IR
R
U
S
P
X
L
LQ
J
N
I
H
H
E
W
V
D
R
5
WV
H
J
J
X
1
Q
H
N
LF
K
&
P
OX
D
·
G
H
OO
L
X
IH
H
Q
X
H
U
WW
H
P
J
N
W
H
O
X
R
3
J
N
G
U
D
Q
D
&
J
N
LH
2
J
N
H
G
LQ
'
X
D
H
W
k
J
j
H
X
T
D
O
S
U
X
V
IU
H
F
H
G
LW
{
5
J
P
X
L
Q
L
P
OX
·D
G
H
OO
L
X
H
I
D
O
V
Q
D
G
V
WH
L
X
U
7
H
V
LV
D
S
p
H
OO
L
X
IH
H
Q
X
U
H
V
OLL
W
X
V
H
P
P
D
U
J
H
G
H
WL
X
U
W
H
G
V
W
H
OL
)
7HPSV GH
FXLVVRQ HQ
PLQXWHV
7HPSp
UDWXUH
˜&
j
H
G
Q
D
L
Y
D
O
U
H
Q
U
X
R
W
H
5
7HPSV GH
FXLVVRQ HQ
PLQXWHV
H
J
D
S
7DEOH GH JULOODJH
7HPSp
UDWXUH
˜&
H
J
D
S
H
G
Q
D
L
Y
H
G
H
V
V
L
D
U
J
j
H
U
W
OL
I
F
H
Y
D
HU
XQ
LD
U
DO
UX
VW
Q
LHS
LF
pU
H
P
P
RF
Hp
OLVWL
X
XD
HW
k
J
j
XHT
DO
3
H
LQ
D
P
R
5
D
O
j
L
K H
O
F X
F R
R P
Q H
* V
H
J
D
I
I
X
D
K
F
p
U
3
j H
L G
K H
F
F P
R P
Q R
* S
P
X
G
V
H
OOL
X
R
Q
H
G
Q
LW
D
U
*
V
H
W
X
LQ
W
Q
D
G
Q
H
S
U
X
R
I
H
U
U
WH
H
V
L
D
W
Q
R
P
p
L H
3 UU
D
O WH
F
U
R
S
H
G
V
WH
W
H
O
WH
{
&
W
OH
LI
X
D
N
D
WH
6
V
p
S
X
R
F
V
W
H
O
X
R
3
V
H
F
q
L
S
D
·
X
T
V
X
M
V
H
Op
OL
U
J
V
H
V
V
L
F
X
D
6
N
F
W
6
j
·
X
T
V
MX
V
W
R
J
U
D
F
V
(
H
G
H
P
P
R
S
H
G
Q
LW
D
U
*
H
L
Q
U
D
J
F
U
R
S
H
G
H
G
OD
X
R
5
J
W
OH
X
R
3
V
Q
R
Q
LJ
S
P
D
K
F
[
X
D
X
D
WH
k
*
0RGH SL]]D
P
D
O
H
Q
Q
LH
V
LU
D
3
D
O [
X
j R
L K
K F
F j
F
R H
W
Q k
* S
5DLQXUH
H
U
W
LO
I
F
H
Y
D
V
H
G
Q
D
L
Y
V
H
W
X
R
W
U
X
R
3
P
H
W
X
G
p
L
W
L
R
5DLQXUH
7XUERJULO
j
J
H
J
D
S
7HPSV GH
FXLVVRQ HQ
PLQXWHV
H
V
LV
D
U
J
H
J
D
V
V
L
W
{
U
H
G
V
S
H
J
D
S
7HPSp
UDWXUH
˜&
H
G
H
U
X
LQ
D
U
D
O
U
X
V
H
X
T
OD
S
LO
U
J
H
O
U
X
V
V
H
G
Q
LD
Y
V
H
W
X
R
W
U
X
R
3
7DEOH GH JULOODJH
H
G
Q
LD
Y
H
G
Q
D
L
Y
H
G
H
V
V
L
D
U
J
j
H
U
WO
L
I
F
H
Y
D
UH
X
LQ
D
U
OD
UX
VW
Q
H
LS
LF
p
U
H
P
P
R
F
H
p
VOL
LW
X
X
D
H
Wk
J
j
H
X
T
OD
3
H
J
D
II
X
D
K
F
p
U
3
F
H
Y
D
H
WU
D
7
X
D
H
LY
Q
H
p
U
F
X
V
Q
R
LV
LD
O
F
H
Y
D
LV
D
U
I
V
WL
X
U
I
[
X
D
H
LY
Q
H
X
T
OD
S
U
X
V
Q
X
V
Q
D
G
Q
R
LV
D
LO
Q
R
LV
D
LO
F
H
Y
D
V
Op
H
J
U
X
V
F
H
Y
D
V
WL
X
U
I [
H
[ U
X \
D S
[ Q
X H
D H
O
WH X
k R
* P
V
WL
X
U
I
F
H
Y
D H
p
U
WH
U F
D X
7 V
F
H
Y
D
H
WU
D
7
F
U
R
S
H
G
V
WH
W
H
O
WH
{
&
V
H
p
LQ
U
D
P
F
U
R
S
H
G
V
H
WW
H
O
H
W
{
&
W
OH
LI
X
D
N
D
H
W
6
V
p
S
X
R
F
V
W
H
O
X
R
3
W
OH
X
R
S
H
G
V
H
V
V
L
X
F
W
OH
X
R
S
H
G
V
H
V
V
L
X
F
V
H
F
q
L
S
H
G
V
OX
S
V
H
Op
OL
U
J
V
H
V
V
L
F
X
D
6
H
X
T
OD
S
P
X
G
X
D
H
WU
D
7
H
p
U
F
X
V
Q
R
V
L
LD
O
F
H
Y
D
LV
D
U
I
V
WL
X
U
I
U
X
V
V
H
W
X
LQ
W
Q
D
G
Q
H
S
U
X
R
I
H
J
D
P
R
U
I
V
G
U
D
Q
L
S
p
[
X
D
X
D
WH
k
*
H
X
T
OD
S
U
X
V
U
X
V
H
O
D
LQ
J
LU
R
X
D
H
W
k
J
j
H
X
T
D
O
S
U
X
V
H
G
Q
R
U
D
]
]
L
3
D
]
L]
S
j
H
UU
H
L
S
U
X
V
D
]
]
L
3
H
O
H
U
W
Q
R
F
H
W
€
R W
Y X
F D
H K
Y
D
H
U
L
R
V
LV
W
{
5
V
D
E
H
O
N
F
W
6
j
·
X
T
V
MX
V
W
R
J
U
D
F
V
(
U
LH
W
Q
H
Q
R
V
LV
R
3
H
U
X
WL
Q
U
D
J
V
Q
D
V
p
W
V
D
R
W
Q
L
D
3
V
H
W
X
LQ
P
W
Q
D
G
Q
H
S
OL
U
J
H
O
U
IH
I
X
D
K
F
p
U
3
H
U
W
Q
R
F
H
W
€
R
Y
F
H
Y
D
H
U
L
R
V
V
WL
{
5
5DLQXUH
7HPSV GH
FXLVVRQ HQ
PLQXWHV
7HPSp
UDWXUH
˜&
5DLQXUH
H
X
T
OD
S
X
G
p
LW
L
R
P
D
O
j
U
X
R
I
H
O
W
L
X
Q
D
O
7HPSV K
WH
L
X
V
Q
H
]
H
U
Y
X
2
H
J
D
K
F
p
V
H
G
V
S
P
WH
7HPSpUDWXUH
˜&
]
H
Q
J
L
WH
p
V
X
R
Y
L
V
V
W
D
WO
X
V
p
U
V
U
X
H
OOL
H
P
H
G
]
H
U
G
Q
LH
W
E
R
V
X
R
9
V
W
R
F
LU
E
$
H
P
P
R
S
H
G
V
U
H
LW
U
D
X
4
V
H
U
L
R
3
H
W
X
WR
H
F
Q
H
U
Ip
p
U
S
H
G
U
L
G
L
R
U
I
H
U
Q
LH
E
]
H
V
LV
D
O
W
H
H
J
D
K
F
p
V
H
O
WH
L
X
V
Q
H
]
H
V
V
L
LQ
)
7DEOH GH VpFKDJH
U
H
K
F
p
V
j
H
X
T
D
O
S
H
Q
X
]
H
V
OLL
W
X
G
X
D
K
F
U
L
·D
O
j
U
H
K
F
p
V
U
X
R
3
D
O
U
X
V
G
X
D
K
F
U
L
D
X
R
U
X
LH
U
Ip
Q
L
7DEOH GH VWpULOLVDWLRQ
H
J
ID
I
X
D
K
F
F
H
Y
D
W
Q
H
P
OH
X
H
6
V
H
OO
H
P
OD
V
H
P
X
J
p
/
U
H
K
F
X
WR
H
U
X
LH
U
Ip
Q
L
H
U
X
Q
L
D
U
H
V
V
D
S
W
Q
H
LY
R
G
H
Q
[
X
D
F
R
E
V
H
/
V
Q
D
G
U
H
V
R
S
H
U
U
H
V
V
L
D
/
X
R
H
G
U
H
X
Q
LW
Q
R
&
U
H
LV
OL
U
p
W
6
H
X
T
H
F
j
·
X
T
V
X
M
W
LQ
H
W
p
U
X
R
I
H
O
Q
H
V
W
R
F
LU
D
+
V
Q
R
U
Y
L
R
3
V
H
J
D
W
R
S
U
X
R
S
V
H
P
X
J
p
/
V
Q
R
Q
LJ
S
P
D
K
&
V
H
E
U
H
+
V
W
L
X
U
)
[
X
D
H
Q
X
U
3
LQ
P
V
S
P
H
7
V
WH
W
R
U
D
&
V
Q
R
Q
J
L
S
P
D
K
&
V
OH
N
F
L
3
G
H
L[
V
H
Y
LV
D
U V R V
W S H
J
[ R
U
X LF V
W H
R U WL S
K D H V
& + 3 $
LQ
U
H
LV
OL
U
p
W
V
P
V
S
P
H
7
OH
U
H
S
H
G
L
X
T
LO
H
O
Q
L
P
V
S
P
H
7
V
H
L
D
%
V
H
V
L
D
U
)
V
H
U
€
V P
H V
V
V LR H
OOL
H
OOL E H
WU P V
R
\ D
U U
0 ) *
V
H
G
L
F
D
V
H
OOL
H
V
R
U
*
V
LQ
S
p
S
j
V
W
L
X
U
)
H
U
X
G
H
U
q
K
F
j
V
WL
X
U
)
V
H
U
L
R
3
V V
J H
LQ Q
X
R U
& 3
V
H
P
X
J
p
/
0
.XQGHQGLHQVW
6HUYLFH DSUqVYHQWH
6HUYL]LR DVVLVWHQ]D
=HQWUDOH &HQWUDOH
0LWWHOODQG ,QQHUVFKZHL] %DVHO =ULFK
,QGXVWULHVWU /HQ]EXUJ
=HQWUDOH 5HSDUDWXUVHUYLFH (UVDW]WHLOYHUNDXI )D[ 6HUYLFH 6HUYLFH DSUqVYHQWH
2VWVFKZHL] *ODUXV *UDXEQGHQ
5RUVFKDFKHUVWU 6W *DOOHQ
5HSDUDWXUVHUYLFH (UVDW]WHLOYHUNDXI )D[ 6HUYLFH %HUQ 6RORWKXUQ
0RRVVWU 6FK|QEKO
5HSDUDWXUVHUYLFH (UVDW]WHLOYHUNDXI )D[ 6HUYLFH /D 6XLVVH 5RPDQGH 9DODLV )ULERXUJ -XUD
5RXWH GH 3ULOO\ &ULVVLHU
6HUYLFH DSUqVYHQWH 3LqFHV GH UHFKDQJHV )D[ 6HUYLFH 7LFLQR
YLD 5RYHUH
%UHJDQ]RQD
&HQWUDOH 6HUYL]LR DVVLVWHQ]D 9HQGLWj SH]]L GL ULFDPELR )D[ 3LqFHV GH UHFKDQJHV
&KqUH FOLHQWH FKHU FOLHQW
&RQQDLVVH]YRXV QRWUH FRQWUDW GH VHUYLFH DSUqV
YHQWH"
9RXV SRXYH] YRXV DVVXUHU GXUDQW GH QRPEUHXVHV
DQQpHV FRQWUH WRXV OHV IUDLV GH UpSDUDWLRQ pYHQWXHOV
FRQWUH XQH PRGHVWH FRWLVDWLRQ DQQXHOOH /H FRQWUDW
FRXYUH LQWpJUDOHPHQW OHV IUDLV GH GpSODFHPHQW GH WUD
YDLO HW GH SLqFHV GpWDFKpHV
1RXV YRXV GRQQHURQV YRORQWLHUV GH SOXV DPSOHV UHQ
VHLJQHPHQWV DX QXPpUR GH WpOpSKRQH VXLYDQW
7HO *DUDQWLH
1RXV DVVXURQV SRXU FH SURGXLW XQH JDUDQWLH GH PRLV jFRPSWHU GH OD GDWH G·DFKDW &HWWH SUHVWDWLRQV
FRXYUH H[FOXVLYHPHQW OHV YLFHV GH PDWpULDX[ HW GH ID
EULFDWLRQ 1RXV GpFOLQRQV H[SUHVVpPHQW WRXWH UHVSRQ
VDELOLWp SRXU GHV GRPPDJHV RX FRQVpTXHQFHV GH
GRPPDJHV SURYRTXpV SDU OH QRQ UHVSHFW GHV SUHVFULS
WLRQV G·LQVWDOODWLRQ RX GX PRGH G·HPSORL 6RQW H[FOXV
GH OD FRXYHUWXUH GH FHWWH JDUDQWLH OHV DSSDUHLOV D\DQW
pWp UpSDUpV SDU GHV WLHUV DLQVL TXH OHV GRPPDJHV SUR
YRTXpV SDU OD IDXWH GH O·XWLOLVDWHXU /HV IUDLV GH GpSOD
FHPHQW GH PDLQ G·RHXYUH HW GH PDWpULHO GXUDQW
O·DQQpH GH JDUDQWLH VRQW HQWLqUHPHQW SULV jQRWUH
FKDUJH 1RXV QH SRXYRQV SDV SUHQGUH HQ FRQVLGpUD
WLRQ GHV GHPDQGHV SRXU GRPPDJHV VRUWDQW GX FDGUH
H[SOLFLWH GH FHWWH JDUDQWLH /D SpULRGH GH JDUDQWLH Q·HVW
SDV UHQRXYHOpH QL SURORQJpH ORUV G·XQH UHPLVH HQ pWDW
G·XQ UHPSODFHPHQW 3DU DLOOHXUV OHV GLUHFWLYHV GH OD
)($ VRQW DSSOLFDEOHV
">