Advertisement
6-
9
7LPH RYHUFXUUHQW SURWHFWLRQ
7KH WLPH RYHUFXUUHQW SURWHFWLRQ FDQ EH XVHG DV GHIL
QLWH WLPH DQG DV LQYHUVH WLPH RYHUFXUUHQW SURWHFWLRQ
$ QXPEHU RI VWDQGDUGL]HG LQYHUVH WLPH FKDUDFWHULV
WLFV DFFRUGLQJ WR ,(& DQG RWKHUV DV ZHOO DV
VWDQGDUGL]HG LQYHUVH WLPH FKDUDFWHULVWLFV DFFRUGLQJ
WR $16,,((( DUH DYDLODEOH IRU LQYHUVH WLPH PRGH
7KH WULS WLPH FKDUDFWHULVWLFV DQG WKH DSSOLHG IRUPX
ODH DUH JLYHQ LQ WKH 7HFKQLFDO GDWD UHIHU WR )LJXUHV
WR 6HFWLRQ
7KH VHOHFWHG RYHUFXUUHQW WLPH FKDUDFWHULVWLFV FDQ EH
VXSHULPSRVHG E\ D KLJKVHW LQVWDQWDQHRXV RU GHIL
QLWH WLPH GHOD\HG VWDJH $GGLWLRQDOO\ D YHU\ KLJK VHW
LQVWDQWDQHRXV SKDVH FXUUHQW VWDJH ,!!! LV DYDLO
DEOH
7KH FKDUDFWHULVWLFV FDQ EH LQGLYLGXDOO\ VHW IRU SKDVH
FXUUHQWV DQG IRU HDUWK FXUUHQWV $OO VWDJHV DUH LQGH
SHQGHQW RI HDFK RWKHU DQG FDQ EH VHW LQGLYLGXDOO\
7KH SLFNXS WKUHVKROGV FDQ EH VZLWFKHG RYHU G\
QDPLFDOO\ YLD D ELQDU\ LQSXW HYHQ GXULQJ SLFNXS RI
WKH SURWHFWLRQ
8QGHU FRQGLWLRQV RI PDQXDO FORVLQJ RQWR IDXOW WKH
WLPH RYHUFXUUHQW SURWHFWLRQ FDQ DOVR SURYLGH D UDSLG
WULS $ FKRLFH FDQ EH PDGH ZKHWKHU WKH ,!! VWDJHV
RU WKH ,!,S VWDJHV DUH GHFLVLYH IRU DQ XQGHOD\HG
WULS LH WKH DVVRFLDWHG WLPH GHOD\ LV E\SDVVHG IRU
WKLV FRQGLWLRQ
)RUPDWLRQ RI WKH PHDVXUHG
TXDQWLWLHV
7KH PHDVXUHG FXUUHQWV DUH IHG WR WKH UHOD\ YLD WKH LQ
SXW WUDQVGXFHUV IRU HDFK SKDVH 7KH LQSXWV DUH JDO
YDQLFDOO\ LVRODWHG DJDLQVW WKH HOHFWURQLF FLUFXLWV DV
ZHOO DV DJDLQVW HDFK RWKHU 7KXV WKH VWDUSRLQW RI WKH
WKUHH SKDVH FXUUHQWV FDQ EH IRUPHG RXWVLGH RI WKH
UHOD\ RU IXUWKHU SURWHFWLRQ RU VXSHUYLVLRQ GHYLFHV
FDQ EH LQFOXGHG LQ WKH FXUUHQW WUDQVIRUPHU FLUFXLWV
)RU WKH HDUWK FXUUHQW LQSXW HLWKHU WKH UHVLGXDO FXU
UHQW RI WKH SKDVH FXUUHQW WUDQVIRUPHUV FDQ EH XVHG
RU D VHSDUDWH VXPPDWLRQ FXUUHQW WUDQVIRUPHU FDQ EH
FRQQHFWHG
7KH VHFRQGDU\ VLGHV RI WKH UHOD\ LQSXW WUDQVIRUPHUV
DUH WHUPLQDWHG E\ VKXQW UHVLVWRUV ZKLFK WUDQVIRUP
WKH FXUUHQWV WR SURSRUWLRQDO YROWDJHV WKHVH YROWDJHV
DUH FRQYHUWHG WR QXPHULFDO YDOXHV E\ DQDORJWRGLJL
WDO FRQYHUWHUV
'HILQLWH WLPH RYHUFXUUHQW SUR
WHFWLRQ VWDJHV ,! DQG ,!!
7KH KLJKVHW VWDJHV ,!! IRU SKDVH FXUUHQWV DQG
,
!! IRU UHVLGXDO FXUUHQW DUH DOZD\V DYDLODEOH UH
(
JDUGOHVV ZKHWKHU RU QRW IXUWKHU GHILQLWH WLPH VWDJHV
,! ,
! RU LQYHUVH WLPH VWDJHV ,
(
WR EH XVHG $ KLJKO\ VHQVLWLYH HDUWK IDXOW SURWHFWLRQ
FDQ EH SURYLGHG LQVWHDG RI WKHVH HDUWK FXUUHQW
VWDJHV UHIHU WR 6HFWLRQ
(DFK SKDVH FXUUHQW LV FRPSDUHG ZLWK WKH OLPLW YDOXH
ZKLFK LV VHW LQ FRPPRQ IRU WKH WKUHH SKDVHV 3LFNXS
LV LQGLFDWHG IRU HDFK SKDVH 7KH SKDVH GHGLFDWHG
WLPHU LV VWDUWHG $IWHU WKH WLPH KDV HODSVHG WULS VLJQDO
LV JLYHQ 7KH ,! VWDJH LV GHOD\HG ZLWK 7 ,! WKH KLJK
VHW VWDJH ,!! LV GHOD\HG ZLWK 7 ,!!
7KH UHVLGXDO HDUWK FXUUHQW LV SURFHVVHG VHSDUDWHO\
DQG FRPSDUHG ZLWK VHSDUDWH RYHUFXUUHQW VWDJHV ,
DQG ,
!! 3LFNXS LV LQGLFDWHG $IWHU WKH DVVRFLDWHG
(
WLPH 7 ,
RU 7 ,
KDV HODSVHG WULS FRPPDQG LV
(!
(!!
JLYHQ
7KH SLFNXS YDOXHV RI HDFK VWDJH ,! SKDVHV ,
HDUWK ,!! SKDVHV DQG ,
WKH DVVRFLDWHG WLPH GHOD\V FDQ EH VHW LQGLYLGXDOO\
7KH ORJLF GLDJUDP RI WKH GHILQLWH WLPH RYHUFXUUHQW
VWDJHV LV VKRZQ LQ )LJXUH WKDW RI WKH KLJKVHW
VWDJHV LV VKRZQ LQ )LJXUH
+LJKVSHHG VWDJHV ,!!!
7KH KLJKVSHHG VWDJHV IRU SKDVH FXUUHQWV ,!!!
FRPSOHPHQW WKH KLJKVHW VWDJHV ,!! IRU YHU\ KLJK
IDXOW FXUUHQWV ,Q FRQWUDVW WR WKH KLJKVHW VWDJHV
ZKLFK RSHUDWH ZLWK ILOWHUHG 506YDOXHV WKH
,!!!VWDJHV RSHUDWH ZLWK WKH LQVWDQWDQHRXV VLJ
QDOV RI WKH FXUUHQWV WKXV DOORZLQJ YHU\ VKRUW WULSSLQJ
WLPHV ,Q RUGHU WR DYRLG WUDQVLHQW RYHUUHDFK LQ FDVH
RI '& RIIVHW LQ IDXOW FXUUHQWV WKHVH VWDJHV SLFN XS
RQO\ ZKHQ WKH LQVWDQWDQHRXV FXUUHQW YDOXHV H[FHHG
i¯ WLPHV WKH VHW 506 YDOXH 7KLV SUHYHQWV IURP
IDXOW\ SLFNXS HYHQ LQ FDVH RI IXOO '& RIIVHW LQ WKH IDXOW
FXUUHQW 2Q WKH RWKHU KDQG WKHVH VWDJHV PD\ UH
VSRQG RQO\ WR V\PPHWULFDO FXUUHQWV ZLWKRXW '&
FRPSRQHQW RI DFFRUGLQJO\ KLJKHU PDJQLWXGH EXW DO
ORZ YHU\ IDVW WULSSLQJ RQ YHU\ KLJK IDXOW FXUUHQW
7KHUHIRUH WKH\ VKRXOG EH XVHG DV IDVW LQVWDQWD
QHRXV VWDJH LQ FRQMXQFWLRQ ZLWK WKH ,!!VWDJHV
7KH IXQFWLRQ LV LQ SULQFLSOH WKH VDPH OLNH WKDW RI WKH
,!!VWDJHV 6HH )LJXUH IRU WKH ORJLF GLDJUDP
0HWKRG RI RSHUDWLRQ
,
DUH LQWHQGHG
S
(S
(
(
!! HDUWK DV ZHOO DV
(
&*&
!
!
Advertisement
