ìïéïìé +LJK SRZHU IDFWRU FRQYHUWHU FRQQHFWLRQ õ;ìíóñ ;ììóô
8VHG ZLWK WKH LQYHUWHU LQ DFFRUGDQFH ZLWK WKH
-DSDQHVH KDUPRQLF VXSSUHVVLRQ JXLGHOLQHV LVVXHG
E\ WKH 0LQLVWU\ RI ,QWHUQDWLRQDO 7UDGH DQG ,QGXVWULHVñ
WKH KLJK SRZHU IDFWRU FRQYHUWHU õ)5ð+&ô LV DQ
RSWLRQDO KLJK SRZHU IDFWRU LQYHUWHU XQLW GHVLJQHG WR
VXSSUHVV KDUPRQLFV WR WKH LQSXW SRZHU VXSSO\ï
ñ VHW ûíû LQ
)RU
(èíí
3Uï
DV VKRZQ EHORZï
)RU
ñ VHW ûëû LQ
$èíí
3Uï
DV VKRZQ EHORZï
7HUPLQDO 056 PD\ EH UHSODFHG E\ WKH )5ð+&
1)%
0&
3RZHU
VXSSO\
1RWHã ìï $OZD\V NHHS WKH LQYHUWHUöV SRZHU LQSXW WHUPLQDOV 5ñ 6ñ 7 RSHQï
+DYLQJ D SRZHU UHWXUQ IXQFWLRQñ WKH KLJK SRZHU IDFWRU
FRQYHUWHU UHWXUQV SRZHU LQ WKH UHJHQHUDWLYH PRGHï
)RU
æïè. RU OHVVñ WKH EUDNH FLUFXLW EXLOW LQ WKH
$èíí
LQYHUWHU LV QRW DFWLYDWHGï
8QGHUYROWDJH DQG LQVWDQWDQHRXV SRZHU IDLOXUH DUH
GHWHFWHG E\ WKH KLJK SRZHU IDFWRU FRQYHUWHUï :KHQ
WKH SURWHFWLYH IXQFWLRQ RI WKH KLJK SRZHU IDFWRU
FRQYHUWHU LV DFWLYDWHGñ WKH LQYHUWHU RSHUDWLRQ HQDEOH
VLJQDO VKXWV RII WKH LQYHUWHU RXWSXWï 7KH XQGHUYROWDJH
DQG LQVWDQWDQHRXV SRZHU IDLOXUH SURWHFWLYH IXQFWLRQV
RI WKH LQYHUWHU LWVHOI DUH PDGH LQYDOLGï
êí DQG PDNH FRQQHFWLRQV
êí DQG PDNH FRQQHFWLRQV
([WHUQDO ER[
õ)5ð+&%ô
5HDFWRU ì
õ)5ð+&/íìô
5HVLVWRU
0&
5ë
5
5ë
6ë
6
6ë
7ë
7
7ë
5HVLVWRU
)LOWHU FDSDFLWRU
,I FRQQHFWLRQV DUH PDGH WR WKHP DFFLGHQWDOO\ñ WKH LQYHUWHU ZLOO EH GDPDJHGï $OVRñ UHYHUVH
SRODULW\ RI WHUPLQDOV 3 DQG 1 ZLOO GDPDJH WKH KLJK SRZHU IDFWRU FRQYHUWHU DQG LQYHUWHUï
ëï )RU
ñ VHSDUDWH SRZHU PD\ EH VXSSOLHG WR WHUPLQDOV 5ì DQG 6ìï
$èíí
êï 0DNH QR FRQQHFWLRQV WR WKH WHUPLQDOV 5ì DQG 6ì RI WKH KLJK SRZHU IDFWRU FRQYHUWHUï
+LJK 3RZHU )DFWRU &RQYHUWHU &RQQHFWLRQ DQG :LULQJ ([DPSOH
õó;ìí DQG ;ìì DUH QRW SURYLGHG IRU
FRQQHFWLRQ õLQYHUWHU RSHUDWLRQ HQDEOHô VLJQDO õ;ìíô
õ1RWHôï $OVRñ ZKHQ WKH FRPSXWHU OLQN LQERDUG RSWLRQ
õ)5ð$è15ô LV XVHG DQG WKH VHWWLQJ LV PDGH WR KROG
WKH PRGH DW WKH WLPH RI DQ LQVWDQWDQHRXV SRZHU
IDLOXUHñ KROGLQJ RSHUDWLRQ LV SHUIRUPHG E\ WKH )5ð+&
FRQQHFWLRQ õLQVWDQWDQHRXV SRZHU IDLOXUH GHWHFWLRQô
VLJQDO õ;ììôï
1RWHã $OORFDWH WKH )5ð+& FRQQHFWLRQ VLJQDOV õ;ìíñ
;ììô WR DQ\ RI WKH LQSXW WHUPLQDOVï
+LJK SRZHU IDFWRU FRQYHUWHU
õ)5ð+&ô
0&ì
0&ì
0&ë
0&ë
5HDFWRU ë
õ)5ð+&/íëô
5ê
5ê
5é
5é
6ê
6ê
6é
6é
7ê
7ê
7é
7é
5
6
7
5ì
õ1RWH êô
6ì
:KHQ \RX QHHG DXWRPDWLF UHVWDUW DIWHU LQVWDQWDQHRXV
SRZHU IDLOXUHñ FKRRVH DXWRPDWLF UHVWDUW DIWHU
LQVWDQWDQHRXV SRZHU IDLOXUH LQ WKH LQYHUWHU DQG DOVR
VHW WKH SDUDPHWHU WR DFWLYDWH DXWRPDWLF UHVWDUW DIWHU
LQVWDQWDQHRXV SRZHU IDLOXUH LQ WKH KLJK SRZHU IDFWRU
FRQYHUWHUï 7KH LQYHUWHU UHVWDUWV LQ DFFRUGDQFH ZLWK
WKH DXWRPDWLF UHVWDUW DIWHU LQVWDQWDQHRXV SRZHU
IDLOXUH RI WKH KLJK SRZHU IDFWRU FRQYHUWHUï
éê
63(&,),&$7,216
&20021
5 õ/
ô
ì
6 õ/
ô
ë
7 õ/
ô
ê
,QYHUWHU
õ1RWH ìô
3
3 õòô
8
õ1RWH ìô
9
:
1
1 õðô
5'<
056õ;ìíô
562
5(6
6(
6'
5ì õ/
ô
ìì
õ1RWH ëô
6ì õ/
ô
ëì
ô
(èíí
0RWRU