Académique Documents
Professionnel Documents
Culture Documents
8VXDULR
&RQWUDVHxD
5HFXpUGHPH
,GHQWLILFDUVH
5HFRUGDUFRQWUDVHxD"
5HFRUGDUXVXDULR"
&UHDUXQDFXHQWD
&DWHJRUtD0LNURWLN
3XEOLFDGRHO0LpUFROHV-XQLR
(VFULWRSRU5RJHOLR*RQ]DOH]
9LVWR
%DODQFHRGHFDUJDGHGRVOtQHDVGH,QWHUQHW
%DODQFHRGHFDUJDVHUHILHUHDODWpFQLFDXVDGDSDUDFRPSDUWLUHOWUDILFRGHSDTXHWHVHQODUHGHQWUHYDULDVSXHUWDVGHHQODFHYDULRVSURYHHGRUHVGHLQWHUQHW
(VWDWpFQLFDHVFRP~QPHQWHXWLOL]DGDSRU,63:,63\HPSUHVDVLQVWLWXFLRQHVHGXFDWLYDVHWFFXDQGRORVSURYHHGRUHVWLHQHQOLPLWDGDHQYHORFLGDGHOVHUYLFLRGHLQWHUQHWSDUDFLHUWDV]RQDV
7DPELpQVHXWLOL]DSDUDHYLWDUFRUWHVGHOVHUYLFLRSRUFDtGDGHDOJXQDGHODVOtQHDVGHLQWHUQHW
(OHMHPSORYDPRVDVLPXODUTXHWHQHPRVGRVOtQHDVGHLQWHUQHWFRQODVVLJXLHQWHVSXHUWDVGHHQODFH:$1:$1\ODUHG/$1FRPRORPXHVWUDHOVLJXLHQWHGLDJUDPD
(QODSHVWDxD*HQHUDODVLJQDPRVHOQRPEUHHQHOSDUiPHWUR1DPH:$1\FOLFHQERWyQ$SSO\\2.
$KRUDKDFHPRVGREOHFOLFVREUHHWKHU\HQODSHVWDxD*HQHUDOHQHOSDUiPHWUR1DPH:$1\FOLFHQERWyQ$SSO\\2.
$KRUDKDFHPRVGREOHFOLFVREUHHWKHUSDUDFRQILJXUDUODLQWHUID]GHODUHG/$1\HQODSHVWDxD*HQHUDOHQHOSDUiPHWUR1DPH/$1\FOLFHQERWyQ$SSO\\2.
\REWHQHPRVXQUHVXOWDGRFRPRODVLJXLHQWHLPDJHQFRQODLQWHUID]/$1:$1:$1
(OVLJXLHQWHSDVRHOVROLFLWDUODVLSGHFDGDXQRGHORVPyGHPV(OHJLPRVODRSFLyQGHPHQ~,3'+&3&OLHQW
(PSH]DPRVFRQODSULPHUDLQWHUID]:$1(QODSHVWDxD'+&3\DVLJQDPRVORVVLJXLHQWHVSDUiPHWURV,QWHUIDFH:$1$GG'HIDXOW5RXWHQR\FOLFHQERWyQ$SSO\\2.
+DFHPRVORPLVPRFRQODLQWHUIDFH:$1HQODSHVWDxD'+&3\DVLJQDPRVORVVLJXLHQWHVSDUiPHWURV,QWHUIDFH:$1$GG'HIDXOW5RXWHQR\FOLFHQERWyQ$SSO\\2.
$OILQDOQRVTXHGDXQUHVXOWDGRFRPRHQODVLJXLHQWHLPDJHQFRQODLQWHUIDFH:$1\:$1\VXVUHVSHFWLYDVLSDVLJQDGDVSRUORVPyGHPVGHLQWHUQHW
$KRUDYDPRVDDVLJQDUODLSGHODVUHG/$1SDUDHVRYDPRVDODRSFLyQGHPHQ~,3$GGUHVV
\DVLJQDPRVODLSHQHOSDUiPHWUR$GGUHVV\HOHJLPRVODLQWHUID]HQHOSDUiPHWUR,QWHUIDFH/$1\FOLFHQERWyQ$SSO\\2.
\REWHQHPRVXQUHVXOWDGRFRPRHOVLJXLHQWH
&RPRVLJXLHQWHSDVRYDPRVDOHYDQWDUXQVHUYLGRU'+&3SDUDODUHG/$1TXHDVLJQHXQUDQJRGH,3DORVFOLHQWHV
3DUDHVRYDPRVDODRSFLyQGHPHQ~,3'+&36HUYHU'+&36HWXS
(OHJLPRVODLQWHUID]/$1HOSDUiPHWUR'+&36HUYHU,QWHUIDFH/$1\FOLFHQERWyQ1H[W
&RUURERUDPRVTXHVHDODGLUHFFLyQGHUHGFRUUHFWDHQHOSDUiPHWUR'+&3$GGUHVV6SDFH\FOLFHQERWyQ1H[W
5HYLVDPRVTXHODSXHUWDGHHQODFHHVWHFRUUHFWDHQHOSDUiPHWUR*DWHZD\IRU'+&31HWZRUN\FOLFHQERWyQ1H[W
(OUDQJRGHGLUHFFLRQHV,3VTXHYDDDVLJQDUHO6HUYLGRU'+&3YDGHODKDVWDODHQHOSDUDPHWUR\FOLFHQERWyQ1H[W
$VLJQDUODVGLUHFFLRQHVGHORVVHUYLGRUHV'16GHODVLJXLHQWHIRUPDHQHO3DUiPHWUR'166HUYHUV\FOLFHQERWyQ1H[W
(OHJLUHOWLHPSRGHFDGXFLGDGGHODLSDVLJQDGDDORVFOLHQWHVSDUDHVWHHMHPSORHVGHXQGLDVHDVLJQDHQHOSDUiPHWUR/HDVH7LPHG\FOLFHQERWyQ1H[W
QRVUHJUHVDXQUHVXOWDGRFRPRHOVLJXLHQWH\DVRORSUHVLRQDPRV2.
$KRUDYDPRVDDJUHJDUFDGDXQRGHORVHQPDVFDUDGRVSDUDODVGRVLQWHUIDFHV:$1\:$1HPSH]DPRVFRQOD:$1VHOHFFLRQDGRODRSFLRQGHPHQX,3)LUHZDOO1$7
(QODSHVWDxD*HQHUDOHOHJLPRVHQHOSDUiPHWUR&KDLQVUFQDW\HOHJLPRVHQHOSDUiPHWUR2XW,QWHUIDFH:$1
GHVSXpVHQODSHVWDxD$FWLRQHOHJLPRVHQHOSDUiPHWUR$FWLRQPDVTXHUDGH\FOLFHQERWyQ$SSO\\2.
$KRUDYDPRVFRQODVLJXLHQWHLQWHUID]:$1(QODSHVWDxD*HQHUDOHOHJLPRVHQHOSDUiPHWUR&KDLQVUFQDW\HOHJLPRVHQHOSDUiPHWUR2XW,QWHUIDFH:$1
GHVSXpVHQODSHVWDxD$FWLRQHOHJLPRVHQHOSDUiPHWUR$FWLRQPDVTXHUDGH\FOLFHQERWyQ$SSO\\2.
$KRUDYLHQHORLQWHUHVDQWHHOPDUFDGRGHSDTXHWHVSDUDHOEDODQFHRODLGHDFHQWUDOGHOPDUFDGRHVKDFHUTXHORVSDTXHWHVTXHSURYLHQHQGHOD:$1VXVUHVSXHVWDVVDOJDQSRUODPLVPD:$1DWUDYpVGHOPDUFDGRGHODUXWD\DVtWDPELpQSDUDOD
:$1HVWRHYLWDUDTXHORVVLWLRVKWWSVQRQRVGHVFRQHFWHQSRULQWHUFDPELDUGHSXHUWDGHHQODFH
1RWDFDGHQDVVRSRUWDGDVSRUHO0DQJOH
0DQJOH(VWDWDEODHVODUHVSRQVDEOHGHDMXVWDUODVRSFLRQHVGHORVSDTXHWHVFRPRSRUHMHPSORODFDOLGDGGHVHUYLFLR7RGRVORVSDTXHWHVSDVDQSRUHVWDWDEOD'HELGRDTXHHVWiGLVHxDGDSDUDHIHFWRVDYDQ]DGRVFRQWLHQHWRGDVODVFDGHQDV
SUHGHILQLGDVSRVLEOHV
35(5287,1*FKDLQ&DGHQDGH35(587(27RGRVORVSDTXHWHVTXHORJUDQHQWUDUDHVWHVLVWHPDDQWHVGHTXHHOUXWHRGHFLGDVLHOSDTXHWHGHEHVHUUHHQYLDGRFDGHQDGH5((192RVLWLHQHGHVWLQRORFDOFDGHQDGH(175$'$
,1387FKDLQ&DGHQDGH(175$'$7RGRVORVSDTXHWHVGHVWLQDGRVSDUDHVWHVLVWHPDSDVDQDWUDYpVGHHVWDFDGHQD
)25:$5'FKDLQ&DGHQDGH5(',5(&&,17RGRVORVSDTXHWHVTXHH[DFWDPHQWHSDVDQSRUHVWHVLVWHPDSDVDQDWUDYpVGHHVWDFDGHQD
287387FKDLQ&DGHQDGH6$/,'$7RGRVORVSDTXHWHVFUHDGRVHQHVWHVLVWHPDSDVDQDWUDYpVGHHVWDFDGHQD
32675287,1*FKDLQ&DGHQDGH326587(27RGRVORVSDTXHWHVTXHDEDQGRQDQHVWHVLVWHPDSDVDQDWUDYpVGHHVWDFDGHQD
/RSULPHURTXHKDFHPRVHVVHOHFFLRQDUODRSFLyQGHPHQ~,3)LUHZDOO0DQJOH
3ULPHURYDPRVDFUHDUODVUHJODVTXHQRVSHUPLWDQDFFHGHUDQXHVWURVPRGHPVGHLQWHUQHWVLQQHFHVLGDGGHVDOLUDLQWHUQHWFRQVXVGLUHFFLRQHVGHUHGGHVWLQR\
HPSH]DPRVFRQODUHGGHOD:$1KDFHPRVFOLFVREUHODSHVWDxD*HQHUDO\DVLJQDPRVORVVLJXLHQWHVSDUiPHWURV&KDLQSUHURXWLQJ'VW$GGUHVV,Q,QWHUIDFH/$1
'HVSXpVHOHJLPRVODSHVWDxD$FWLRQ\HOHJLPRVHQHOSDUiPHWUR$FWLRQDFFHSW\FOLFHQERWRQ$SSO\\2.
/RPLVPRKDFHPRVFRQODUHGGHOD:$1KDFHPRVFOLFVREUHODSHVWDxD*HQHUDO\DVLJQDPRVORVVLJXLHQWHVSDUiPHWURV&KDLQSUHURXWLQJ'VW$GGUHVV,Q,QWHUIDFH/$1
'HVSXpVHOHJLPRVODSHVWDxD$FWLRQ\HOHJLPRVHQHOSDUiPHWUR$FWLRQDFFHSW\FOLFHQERWRQ$SSO\\2.
&RPRVLJXLHQWHSDVRYDPRVDFUHDUXQDPDUFDGHODVFRQH[LRQHVTXHHQWUDSRUOD:$1SDUDHVRFOLFVREUHSHVWDxD*HQHUDOVHOHFFLRQDPRVHQHOSDUiPHWUR&KDLQSUHURXWLQJ\HOHJLPRVHQHOSDUiPHWUR,Q,QWHUIDFH:$1
GHVSXpVHQFOLFVREUHODSHVWDxD$FWLRQ\HQ\HOHJLPRVHQHOSDUiPHWUR$FWLRQPDUNFRQQHFWLRQ\WHFOHDPRVHQHOSDUiPHWUR1HZ&RQQHFWLRQ0DUN:$1BFRQQ\FOLFHQERWRQ$SSO\\2.
$KRUDYDPRVDFUHDUXQDPDUFDGHODVFRQH[LRQHVTXHHQWUDSRUOD:$1SDUDHVRFOLFVREUHSHVWDxD*HQHUDOVHOHFFLRQDPRVHQHOSDUiPHWUR&KDLQSUHURXWLQJ\HOHJLPRVHQHOSDUiPHWUR,Q,QWHUIDFH:$1
GHVSXpVHQFOLFVREUHODSHVWDxD$FWLRQ\HQ\HOHJLPRVHQHOSDUiPHWUR$FWLRQPDUNFRQQHFWLRQ\WHFOHDPRVHQHOSDUiPHWUR1HZ&RQQHFWLRQ0DUN:$1BFRQQ\FOLFHQERWRQ$SSO\\2.
GHVSXHVHQODSHVWDxD$GYDQFHGHOHJLPRV\WHFOHDPRVODVRSFLRQHVGHODVLJXLHQWHIRUPDHQHOSDUDPHWUR3HU&RQQHFWLRQ&ODVVLILHUERWKDGGUHVVHV
'HVSXpVHQODSHVWDxD([WUDHOHJLPRVHQHOSDUiPHWUR$GGUHVV7\SHORFDO\PDUFDPRVHOFKHFN,QYHUW
GHVSXpVHQODSHVWDxD$FWLRQHOHJLPRVHQHOSDUDPHWUR$FWLRQPDUNFRQQHFWLRQ\WHFOHDPRVHQHOSDUiPHWUR1HZ&RQQHFWLRQ0DUN:$1BFRQQ\GHVSXpVFOLFHQ$SSO\\2.
&RQWLQXDPRVFRQOD:$1KDFHPRVFOLFHQODSHVWDxD*HQHUDO\VHOHFFLRQDPRVHQHOSDUiPHWUR&KDLQSUHURXWLQJ\VHOHFFLRQDPRVHQHOSDUiPHWUR,Q,QWHUIDFH/$1
GHVSXHVHQODSHVWDxD$GYDQFHGHOHJLPRV\WHFOHDPRVODVRSFLRQHVGHODVLJXLHQWHIRUPDHQHOSDUDPHWUR3HU&RQQHFWLRQ&ODVVLILHUERWKDGGUHVVHV
'HVSXpVHQODSHVWDxD([WUDHOHJLPRVHQHOSDUiPHWUR$GGUHVV7\SHORFDO\PDUFDPRVHOFKHFN,QYHUW
GHVSXpVHQODSHVWDxD$FWLRQHOHJLPRVHQHOSDUDPHWUR$FWLRQPDUNFRQQHFWLRQ\WHFOHDPRVHQHOSDUiPHWUR1HZ&RQQHFWLRQ0DUN:$1BFRQQ\GHVSXpVFOLFHQ$SSO\\2.
&RPRVLJXLHQWHSDVRYDPRVDPDUFDUODVUXWDVGHFDGDXQDGHODVFRQH[LRQHV:$1BFRQQ\:$1BFRQQ
(PSH]DPRVFRQOD:$1BFRQQKDFHPRVFOLFHQODSHVWDxD*HQHUDO\VHOHFFLRQDPRVHQORVSDUiPHWURV&KDLQSUHURXWLQJHQ,Q,QWHUIDFH/$1&RQQHFWLRQ0DUN:$1BFRQQ
GHVSXpVKDFHPRVFOLFHQODSHVWDxD$FWLRQ\VHOHFFLRQDPRVHQHOSDUiPHWUR$FWLRQPDUNURXWLQJ\WHFOHDPRVHQHOSDUDPHWUR1HZ5RXWLQJ0DUNWRB:$1\FOLFHQERWyQ$SSO\\2.
$KRUDFRQODPDUFDGHFRQH[LyQ:$1BFRQQKDFHPRVFOLFHQODSHVWDxD*HQHUDO\VHOHFFLRQDPRVHQORVSDUiPHWURV&KDLQSUHURXWLQJHQ,Q,QWHUIDFH/$1&RQQHFWLRQ0DUN:$1BFRQQ
GHVSXpVKDFHPRVFOLFHQODSHVWDxD$FWLRQ\VHOHFFLRQDPRVHQHOSDUiPHWUR$FWLRQPDUNURXWLQJ\WHFOHDPRVHQHOSDUDPHWUR1HZ5RXWLQJ0DUNWRB:$1\FOLFHQERWyQ$SSO\\2.
3RU~OWLPRYDPRVDPDUFDUODVUXWDVGHVDOLGDFDGDXQDGHODVFRQH[LRQHV:$1BFRQQ\:$1BFRQQ
+DFHPRVFOLFHQODSHVWDxD*HQHUDO\VHOHFFLRQDPRVHQORVSDUiPHWURV&KDLQRXWSXW&RQQHFWLRQ0DUN:$1BFRQQ
GHVSXpVKDFHPRVFOLFHQODSHVWDxD$FWLRQ\VHOHFFLRQDPRVHQHOSDUiPHWUR$FWLRQPDUNURXWLQJ\WHFOHDPRVHQHOSDUDPHWUR1HZ5RXWLQJ0DUNWRB:$1\FOLFHQERWyQ$SSO\\2.
7DPELHQSDUDOD:$1BFRQQFOLFHQODSHVWDxD*HQHUDO\VHOHFFLRQDPRVHQORVSDUiPHWURV&KDLQRXWSXW&RQQHFWLRQ0DUN:$1BFRQQ
GHVSXpVKDFHPRVFOLFHQODSHVWDxD$FWLRQ\VHOHFFLRQDPRVHQHOSDUiPHWUR$FWLRQPDUNURXWLQJ\WHFOHDPRVHQHOSDUDPHWUR1HZ5RXWLQJ0DUNWRB:$1\FOLFHQERWyQ$SSO\\2.
DOILQDOWHQHPRVXQUHVXOWDGRFRPRHVWHHQODSHVWDxD0DQJOH
$KRUD\DVRORIDOWDDVLJQDUODVUXWDVFRQODVPDUFDVGHUXWHRWRB:$1WRB:$1
$VtTXHVHOHFFLRQDPRVHQODRSFLRQGHPHQX,35RXWHV
3ULPHURDVLJQDPRVODSXHUWDGHHQODFHFRQPDUFDWRB:$1HVWRVHKDFHHQORVSDUiPHWURV*DWHZD\&KHFN*DWHZD\SLQJ'LVWDQFH5RXWLQJ0DUNWRB:$1\FOLFHQERWRQ$SSO\\2.
$KRUDYDPRVODSXHUWDGHHQODFHFRQPDUFDWRB:$1HVWRVHKDFHHQORVSDUiPHWURV*DWHZD\&KHFN*DWHZD\SLQJ'LVWDQFH5RXWLQJ0DUNWRB:$1\FOLFHQERWRQ$SSO\\2.
\WDPELpQDVLJQDPRVODVUXWDVSRUGHIDXOWSDUDFDGDSXHUWDGHHQODFH\
3ULPHURFRQODSXHUWDGHHQODFHORVSDUiPHWURVTXHGDQGHODVLJXLHQWHIRUPD*DWHZD\&KHFN*DWHZD\SLQJ'LVWDQFH\FOLFHQERWRQ$SSO\\2.
6HJXQGRFRQODSXHUWDGHHQODFHORVSDUiPHWURVTXHGDQGHODVLJXLHQWHIRUPD*DWHZD\&KHFN*DWHZD\SLQJ'LVWDQFH\FOLFHQERWRQ$SSO\\2.
FRQHVRWHUPLQDPRVODFRQILJXUDFLRQGHOEDODQFHRDKRUDSDUDVDEHUVLWRGRIXQFLRQDGHIRUPDFRUUHFWDDEULPRVYDULRVVLWLRVGHLQWHUQHWTXHJHQHUHQWUDILFR\QRVYDPRVDODRSFLRQGHPHQX,3)LUHZDOO&RQQHFWLRQV\YLVXDOL]DPRVODVTXH
HIHFWLYDPHQWHKD\DOJXQDVFRQH[LRQHV:$1BFRQQ\:$1BFRQQ
7DPELpQSRGHPRVYLVXDOL]DUHQWUiILFRHQODRSFLyQGHPHQ~,QWHIDFHVHQODVLQWHUIDFHV:$1\:$1DVtFRPRWDPELpQHQODUHGORFDO/$1
FRPHQWDULR
2UGHQDUSRU 'HVWDFDGRV
$JUHJDUXQFRPHQWDULR
<DQ*HUEHU8$1&9
XQDFRQVXOWDTXHLSHVOHSRQJRDPLSFFXDOHVVHULDQ
0HJXVWD5HVSRQGHUGHRFWXEUHGH
$QWHULRU
6LJXLHQWH!
(VFULELUXQFRPHQWDULR
1RPEUHUHTXHULGR
(PDLOUHTXHULGR
6LWLRZHE
)DFHERRN&RPPHQWV3OXJLQ
VLPERORV
6XEVFULELUVHDODQRWLILFDFLyQGHQXHYRVFRPHQWDULRV
5HIHVFDU
(QYLDU
-&RPPHQWV