$GMXVWPHQW ZLWK FRQWLQXRXV VLJQDOV 3DUDPHWHU VHWWLQJ H[DPSOH
6HW SDUDPHWHUV DV IROORZV WR DGMXVW WKH RXWSXW IUHTXHQF\ XS RU GRZQ LQ SURSRUWLRQ WR WKH IUHTXHQF\ DGMXVWPHQW VLJQDO
LQSXW WLPH
3DQHO IUHTXHQF\ LQFUHPHQWDO JUDGLHQW
3DQHO IUHTXHQF\ GHFUHPHQWDO JUDGLHQW
6HW SDUDPHWHUV DV IROORZV WR DGMXVW WKH RXWSXW IUHTXHQF\ XS RU GRZQ DOPRVW LQ V\QFKURQL]DWLRQ ZLWK WKH DGMXVWPHQW E\
WKH SDQHO IUHTXHQF\ FRPPDQG
H
H
CEE RU H HJ
FGE RU H HJ
©6DPSOH VHTXHQFH GLDJUDP $GMXVWPHQW ZLWK FRQWLQXRXV VLJQDOVª
581 FRPPDQG
,QFUHPHQWLQJ 83
'HFUHPHQWLQJ '2:1 VLJQDO
6HW IUHTXHQF\ FOHDULQJ VLJQDO
8SSHU OLPLW IUHTXHQF\
&RPPDQG IUHTXHQF\ >+]@
/RZHU OLPLW IUHTXHQF\
)UHTXHQF\ +]
$GMXVWPHQW ZLWK SXOVH VLJQDOV 3DUDPHWHUVHWWLQJ H[DPSOH
6HW SDUDPHWHUV DV IROORZV WR DGMXVW WKH IUHTXHQF\ LQ VWHSV RI RQH SXOVH
H H
H H
7KH LQYHUWHU GRHV QRW UHVSRQG WR DQ\ SXOVHV ZLWK DQ 21 WLPH VKRUWHU WKDQ VHW ZLWK H RU H PV
RU PRUH RI FOHDULQJ VLJQDO LV DOORZHG
©6DPSOH VHTXHQFH GLDJUDP $GMXVWPHQW ZLWK SXOVH VLJQDOVª
2SHUDWLRQ FRPPDQG VXFK DV )
,QFUHPHQWLQJ 83 VLJQDO
'HFUHPHQWLQJ '2:1 VLJQDO
&OHDU VLJQDO
8SSHU OLPLW IUHTXHQF\
&RPPDQG IUHTXHQF\ >+]@
7KH GRWWHG OLQH UHSUHVHQWV
WKH DFWXDO RXWSXW
IUHTXHQF\
HH VHWWLQJ WLPH
HH VHWWLQJ WLPH
HH VHWWLQJ WLPH
HH VHWWLQJ WLPH
*UDGLHQW HH
7KH GRWWHG OLQH UHSUHVHQWV WKH DFWXDO RXWSXW IUHTXHQF\
3XOVH 21 WLPH
)UHTXHQF\ REWDLQHG ZLWK HDFK SXOVH
H
+]
H
*UDGLHQW HH
H
)
(
H