User manual PANASONIC TX-28PB50

[. . . ] 7;3. 76 '3 9LGHR FDELQHW 6SHDNHU SDFN FRPSULVLQJ 9LGHR FDELQHW &57 *XDUDQWHH &HQWUH VSHDNHU %XLOW LQ 79 *XDUDQWHH 6SHDNHU FDEOHV PHWUHV HDFK 5HDU VXUURXQG VSHDNHUV [ 4XHVWLRQQDLUH , 16(57, 1* 7+( 5(027( &21752/ %$77(5, (6 6OLGH RII WKH EDWWHU\ FRYHU , QVHUW EDWWHULHV QRWH FRUUHFW SRODULW\ 5HSODFH WKH FRYHU DQG  - Ir) 0DNH VXUH WKDW WKH EDWWHULHV DUH ILWWHG WKH FRUUHFW ZD\ URXQG 'R QRW PL[ ROG EDWWHULHV ZLWK QHZ EDWWHULHV 5HPRYH ROG H[KDXVWHG EDWWHULHV LPPHGLDWHO\ 'R QRW PL[ GLIIHUHQW EDWWHU\ W\SHV LH $ONDOLQH DQG 0DQJDQHVH 'R QRW XVH UHFKDUJHDEOH 1L &DG EDWWHULHV %$6, & &21752/6 )5217 3$1(/ $1' 5(027( &21752/ 3UHVV KHUH DQG RSHQ IODS WR H[SRVH 79 FRQWUROV IURQW $9 DQG KHDGSKRQH WHUPLQDOV 5HG OLJKW LQGLFDWHV 6WDQGE\ PRGH 8VH 6WDQGE\ VZLWFK RU EXWWRQV WR VZLWFK 79 2Q 0$, 16 3RZHU 2Q2II VZLWFK 675 1RUPDOLVDWLRQ VWRUH 8VHG WR VWRUH WXQLQJ DQG RWKHU IXQFWLRQ VHWWLQJV 5&$ $XGLR9LGHR VRFNHWV SDJH  6 9+6 VRFNHW VHH SDJH  +HDGSKRQH VRFNHW VHH SDJH  ) )XQFWLRQ VHOHFW 'LVSOD\V WKH 2Q 6FUHHQ 'LVSOD\ IXQFWLRQV XVH UHSHDWHGO\ WR VHOHFW IURP WKH DYDLODEOH IXQFWLRQV 9ROXPH &RQWUDVW %ULJKWQHVV &RORXU 6KDUSQHVV 7LQW LQ 176& PRGH %DVV 7UHEOH %DODQFH 7XQLQJ PRGH DQG *HRPDJQHWLF &RUUHFWLRQ 79$9 VZLWFK VHH SDJH  , QFUHDVHV RU GHFUHDVHV WKH SURJUDPPH SRVLWLRQ E\ RQH :KHQ D IXQFWLRQ LV DOUHDG\ GLVSOD\HG SUHVV WR LQFUHDVH RU GHFUHDVH WKH VHOHFWHG IXQFWLRQ 6WDQGE\ 2Q2II VZLWFK 6ZLWFKHV 79 2Q RU 2II VWDQGE\ 6RXQG PXWH 2Q2II 0HQX EXWWRQV 3UHVV WR DFFHVV WKH 3LFWXUH 6RXQG DQG 6HWXS PHQXV VHH SDJH  &XUVRU EXWWRQV WR PDNH VHOHFWLRQV DQG DGMXVWPHQWV 6WDWXV EXWWRQ 3UHVV WR GLVSOD\ SURJUDPPH SRVLWLRQ SURJUDPPH QDPH FKDQQHO QXPEHU WLPH 1, &$0 PRGH DQG SURJUDPPH WDEOH 7HOHWH[W EXWWRQV VHH SDJH  6ZLWFK EHWZHHQ YLHZLQJ 79 RU $9 LQSXW VHH SDJH  &RORXUHG EXWWRQV XVHG IRU 3URJUDPPH (GLW IXQFWLRQV VHH SDJH  7HOHWH[W IXQFWLRQV VHH SDJH  $9 VHOHFWLRQ VHH SDJH  'LUHFW 79 5HFRUG EXWWRQ VHH SDJH  6XUURXQG RQRII $VSHFW FRQWURO EXWWRQ VHH SDJH  3URJUDPPH SRVLWLRQ IRU VHOHFWLRQ RI WZR GLJLW SURJUDPPHV  XVLQJ QXPHULF EXWWRQV 'LUHFW FKDQQHO DFFHVV 'XULQJ QRUPDO 79 YLHZLQJ RU ZKHQ LQ WKH 7XQLQJ 3URJUDPPH HGLW RU 0DQXDO WXQLQJ PHQXV SUHVV DQG WKHQ HQWHU FKDQQHO QXPEHU XVLQJ WKH QXPHULF EXWWRQV 9&5 '9' EXWWRQV VHH SDJH  3URJUDPPH FKDQQHO FKDQJH EXWWRQV  DQG 7HOHWH[W SDJH EXWWRQV VHH SDJH  :KHQ LQ 6WDQGE\ PRGH VZLWFKHV 79 RQ 7KH 1 EXWWRQ ZLOO UHFDOO VHWWLQJV VWRUHG ZLWK 675 675 1RUPDOLVDWLRQ VWRUH 7KH +HOS EXWWRQ SURYLGHV D GHPRQVWUDWLRQ RI 2Q 6FUHHQ 'LVSOD\ PHQXV 48, &. 67$57 *8, '( &RQQHFWLRQ DQG VHWWLQJ XS RSWLRQV , I FRQQHFWLQJ WKH 79 XVLQJ DQ 5) FDEOH RQO\ SURFHHG WR RSWLRQ , I FRQQHFWLQJ WKH 79 XVLQJ 6FDUW DQG 5) FDEOHV SURFHHG WR RSWLRQ , I FRQQHFWLQJ WKH 79 WR D 4 /LQN RU 4 /LQN FRPSDWLEOH 9&5 SURFHHG WR RSWLRQ RQ SDJH , I FRQQHFWLQJ WKH 79 WR D 4 /LQN RU 4 /LQN FRPSDWLEOH 9&5 DQG D 6DWHOOLWH 5HFHLYHU SURFHHG WR RSWLRQ RQ SDJH &RQQHFWLRQ RI 79 XVLQJ DQ 5) FDEOH RQO\ &RQQHFW WKH 5) FDEOH LQWR WKH 79 $HULDO VRFNHW  - SA 8rpv 0DLQV 6RFNHW $HULDO , QSXW VRFNHW &RQQHFWLRQ RI 79 DQG 9&5 XVLQJ 6FDUW DQG 5) FDEOHV 7KH 9&5 FDQ DOVR EH FRQQHFWHG WR WKH 79 XVLQJ D 6FDUW FDEOH LI \RX DUH XVLQJ D 6FDUW HTXLSSHG 9&5 8VH WKH 79 V $9 6FDUW VRFNHW IRU D 9&5 8VH WKH 79 V $96 6FDUW VRFNHW IRU DQ 6 9LGHR 9&5 Tph 8rpv - SA 8rpv &RQQHFW WKH 5) FDEOH WR WKH $HULDO , Q VRFNHW RI WKH 9&5 DQG DQ 5) FDEOH IURP WKH 9&5 $HULDO 2XW VRFNHW WR WKH 79 $HULDO VRFNHW  79 0DLQV 6RFNHW 0DLQV 6RFNHW 9&5 $HULDO , QSXW VRFNHW $HULDO , QSXW VRFNHW $9 DQG $9 6FDUW VRFNHWV $HULDO $9 6FDUW VRFNHW 2XWSXW VRFNHW Ir ) $GGLWLRQDO HTXLSPHQW DQG FDEOHV DUH QRW VXSSOLHG )XUWKHU GHWDLOV RI $XGLR 9LGHR FRQQHFWLRQV FDQ EH IRXQG RQ SDJHV DQG 48, &. [. . . ] 67$57 *8, '( &RQQHFWLRQ DQG VHWWLQJ XS RSWLRQV , I FRQQHFWLQJ WKH 79 XVLQJ DQ 5) FDEOH RQO\ SURFHHG WR RSWLRQ , I FRQQHFWLQJ WKH 79 XVLQJ 6FDUW DQG 5) FDEOHV SURFHHG WR RSWLRQ , I FRQQHFWLQJ WKH 79 WR D 4 /LQN RU 4 /LQN FRPSDWLEOH 9&5 SURFHHG WR RSWLRQ RQ SDJH , I FRQQHFWLQJ WKH 79 WR D 4 /LQN RU 4 /LQN FRPSDWLEOH 9&5 DQG D 6DWHOOLWH 5HFHLYHU SURFHHG WR RSWLRQ RQ SDJH &RQQHFWLRQ RI 79 XVLQJ DQ 5) FDEOH RQO\ &RQQHFW WKH 5) FDEOH LQWR WKH 79 $HULDO VRFNHW  - SA 8rpv 0DLQV 6RFNHW $HULDO , QSXW VRFNHW &RQQHFWLRQ RI 79 DQG 9&5 XVLQJ 6FDUW DQG 5) FDEOHV 7KH 9&5 FDQ DOVR EH FRQQHFWHG WR WKH 79 XVLQJ D 6FDUW FDEOH LI \RX DUH XVLQJ D 6FDUW HTXLSSHG 9&5 8VH WKH 79 V $9 6FDUW VRFNHW IRU D 9&5 8VH WKH 79 V $96 6FDUW VRFNHW IRU DQ 6 9LGHR 9&5 Tph 8rpv - SA 8rpv &RQQHFW WKH 5) FDEOH WR WKH $HULDO , Q VRFNHW RI WKH 9&5 DQG DQ 5) FDEOH IURP WKH 9&5 $HULDO 2XW VRFNHW WR WKH 79 $HULDO VRFNHW  79 0DLQV 6RFNHW 0DLQV 6RFNHW 9&5 $HULDO , QSXW VRFNHW $HULDO , QSXW VRFNHW $9 DQG $9 6FDUW VRFNHWV $HULDO $9 6FDUW VRFNHW 2XWSXW VRFNHW Ir ) $GGLWLRQDO HTXLSPHQW DQG FDEOHV DUH QRW VXSSOLHG )XUWKHU GHWDLOV RI $XGLR 9LGHR FRQQHFWLRQV FDQ EH IRXQG RQ SDJHV DQG 48, &. 67$57 *8, '( :KDW LV 4 /LQN " 4 /LQN DOORZV GLUHFW FRPPXQLFDWLRQ EHWZHHQ WKH 79 DQG D 4 /LQN RU 4 /LQN FRPSDWLEOH 9&5 WKLV ZLOO HQDEOH IHDWXUHV VXFK DV GRZQORDGLQJ RI WXQLQJ LQIRUPDWLRQ IURP WKH 79 WR WKH 9&5 - :KHQ XVLQJ D k1(;79, (:/, 1. l 9&5 WKH PDLQ IHDWXUHV SRVVLEOH DUH WKH IROORZLQJ 3UHVHW 'RZQORDG 'LUHFW 79 5HFRUG 'RZQORDGLQJ RI WXQLQJ LQIRUPDWLRQ IURP WKH 79 WR WKH 9&5 )RU LPPHGLDWH UHFRUGLQJ RI WKH FXUUHQW SURJUDP :KDW <RX 6HH , V :KDW <RX 5HFRUG :KHQ XVLQJ D - k4/LQNl 9&5 WKH PDLQ IHDWXUHV SRVVLEOH DUH WKH IROORZLQJ 'RZQORDGLQJ RI WXQLQJ LQIRUPDWLRQ IURP WKH 79 WR WKH 9&5 )RU LPPHGLDWH UHFRUGLQJ RI WKH FXUUHQW SURJUDP :KDW <RX 6HH , V :KDW <RX 5HFRUG :KHQ WKH 9&5 SOD\V D WDSH WKH 79 ZLOO DXWRPDWLFDOO\ VZLWFK 2Q DQG VHOHFW WKH $9 LQSXW :KHQ WKH 79 LV VZLWFKHG LQWR 6WDQGE\ WKH 9&5 ZLOO DOVR VZLWFK LQWR 6WDQGE\ , I WKH 79 LV LQ 6WDQGE\ PRGH DQG WKH 9&5 VHQGV D PHQX WR EH GLVSOD\HG RQ WKH 79 VFUHHQ HJ 0DLQ PHQX WKH 79 ZLOO DXWRPDWLFDOO\ VZLWFK 2Q DQG WKH PHQX ZLOO EH GLVSOD\HG 3UHVHW 'RZQORDG 'LUHFW 79 5HFRUG 799&5 $XWR 3RZHU 2Q 9&5 $XWR 3RZHU 6WDQGE\ 9&5 , PDJH YLHZ 2Q - 7KLV 79 ZLOO DOVR FRPPXQLFDWH ZLWK RWKHU 9&5 V WKDW EHDU WKH IROORZLQJ ORJRV k'$7$ /2*, &l k(DV\ /LQNl k0HJDORJLFl k60$57/, 1. l D WUDGHPDUN RI 0HW] &RUSRUDWLRQ D WUDGHPDUN RI 3KLOLSV &RUSRUDWLRQ D WUDGHPDUN RI *UXQGLJ &RUSRUDWLRQ D WUDGHPDUN RI 6RQ\ &RUSRUDWLRQ 7KHVH 9&5 V PD\ VXSSRUW VRPH RU DOO RI WKH DERYH IXQFWLRQV 5HIHU WR WKH 9&5 RSHUDWLQJ LQVWUXFWLRQ ERRN )XUWKHU LQIRUPDWLRQ RQ 4 /LQN FDQ EH IRXQG RQ SDJH D qr s R Gvx spv prpy ur Tph phiyr ir prprq v h prhv h qrrqr urur ur UW v irvt prprq h W8S v " iry h W8S hq Thryyvr Srprvr v # ryrhs 4 /LQN FRQQHFWLRQ RI 79 DQG 9&5 XVLQJ 6FDUW DQG 5) FDEOHV 7KH 9&5 PXVW EH FRQQHFWHG WR WKH $9 6FDUW VRFNHW RI WKLV 79 XVLQJ D IXOO\ ZLUHG 6FDUW FDEOH Tph 8rpv - Ir ) , I XVLQJ D k4/LQNl 9&5 WKHQ WKH $9 6FDUW RI WKH 9&5 PXVW EH FRQQHFWHG WR WKH $9 VRFNHW RI WKH 79 , I \RXU 9&5 LV QRW D k4/LQNl 9&5 SOHDVH FRQVXOW \RXU 9&5 RSHUDWLQJ LQVWUXFWLRQ ERRN SA 8rpv - &RQQHFW WKH 5) FDEOH WR WKH $HULDO , Q VRFNHW RI WKH 9&5 DQG DQ 5) FDEOH IURP WKH 9&5 $HULDO 2XW VRFNHW WR WKH 79 $HULDO VRFNHW  79 0DLQV 6RFNHW 0DLQV 6RFNHW 9&5 $HULDO , QSXW VRFNHW $HULDO , QSXW VRFNHW $HULDO $9 6FDUW VRFNHW $9 6FDUW VRFNHW 2XWSXW VRFNHW Ir ) $GGLWLRQDO HTXLSPHQW DQG FDEOHV DUH QRW VXSSOLHG )XUWKHU GHWDLOV RI $XGLR 9LGHR FRQQHFWLRQV FDQ EH IRXQG RQ SDJHV DQG )XUWKHU LQIRUPDWLRQ IRU 9&5 DQG 6DWHOOLWH 5HFHLYHU LQVWDOODWLRQ ZLWK WKLV 79 FDQ EH IRXQG RQ SDJH 48, &. 67$57 *8, '( 4 /LQN FRQQHFWLRQ RI 79 9&5 DQG 6DWHOOLWH 5HFHLYHU XVLQJ 6FDUW DQG 5) FDEOHV A R Gvx spv prpy ur UW W8S hq Thryyvr Srprvr ir prprq h u v ur qvhth iry Tph 8rpv Ir ) , I XVLQJ D - )XOO\ ZLUHG 6FDUW FDEOHV VKRXOG EH XVHG IRU DOO RI WKH 6FDUW FRQQHFWLRQV 7KH $9 6FDUW RI WKH 9&5 PXVW EH FRQQHFWHG WR WKH 9&5 VRFNHW RI WKH 6DWHOOLWH 5HFHLYHU 7KH 79 6FDUW VRFNHW RI WKH 6DWHOOLWH 5HFHLYHU PXVW EH FRQQHFWHG WR WKH $9 6FDUW VRFNHW RI WKH 79 k4/LQNl 9&5 WKHQ WKH $9 6FDUW RI WKH 9&5 PXVW EH FRQQHFWHG WR WKH $9 VRFNHW RI WKH 79 , I \RXU 9&5 LV QRW D k4/LQNl 9&5 SOHDVH FRQVXOW \RXU 9&5 RSHUDWLQJ LQVWUXFWLRQ ERRN SA 8rpv - &RQQHFW DQ 5) FDEOH WR WKH $HULDO , Q VRFNHW RI WKH 6DWHOOLWH 5HFHLYHU &RQQHFW DQ 5) FDEOH IURP WKH 5) 2XW VRFNHW RI WKH 6DWHOOLWH 5HFHLYHU WR WKH 5) , Q VRFNHW RI WKH 9&5 &RQQHFW DQ 5) FDEOH IURP WKH 5) 2XW VRFNHW RI WKH 9&5 WR WKH 79 $HULDO , Q VRFNHW  79 0DLQV 6RFNHW 0DLQV 6RFNHW 79 6FDUW VRFNHW $HULDO 2XWSXW VRFNHW 6$7(//, 7( 5(&(, 9(5 9&5 6FDUW VRFNHW $HULDO , QSXW VRFNHW $9 6FDUW VRFNHW $9 6FDUW VRFNHW $HULDO , QSXW VRFNHW 0DLQV 6RFNHW $9 9&5 6FDUW VRFNHW $HULDO , QSXW VRFNHW $HULDO $9 6FDUW VRFNHW 2XWSXW VRFNHW Ir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 Uur S@6S rhxr ph ir prprq v r s h 6 7 ) $ 6SHDNHU 5HG  :LWK ERWK VSHDNHUV FRQQHFWHG LQ WKH VDPH ZD\ WKHQ WKH VRXQG ZLOO EH jWUXH WR WKH RULJLQDO VRXQG VLJQDO % 6SHDNHU 5HG  :LWK WKH ZLULQJ WR RQH VSHDNHU jFURVVHG RYHU WKHQ DQ DGGLWLRQDO DUWLILFLDO DPELHQFH HIIHFW ZLOO EH FUHDWHG 5HDU RI 79 5HG  5HDU RI 79 5HG  *UH\ %ODFN *UH\ %ODFN *UH\ %ODFN  %ODFN  %ODFN  *UH\ %ODFN  6SHDNHU 5HG  5HDU RI 79 *UH\ %ODFN 5HG  *UH\ %ODFN  %ODFN  48, &. 67$57 *8, '( &HQWUH VSHDNHU %XLOW LQWR 9LGHR FDELQHW &HQWUH VSHDNHU 5HDU RI 79 %ODFN :KLWH 8rr Trhxr 7yhpx phiyr &RQQHFW %ODFN :KLWH WR 5HG  &RQQHFW %ODFN WR %ODFN  %ODFN &HQWUH &HQWUH Qvv ur rhxr /HIW 5HDU 6XUURXQG 6SHDNHU 5LJKW 5HDU 6XUURXQG 6SHDNHU 48, &. pxr thr qhh vyy ir r ur W8S vh R Gvx rr htr " $OO FXUUHQW WXQLQJ GDWD ZLOO EH HUDVHG 675 79$9 6(783 6WDUW $XWR VHWXS 7R H[LW 5HWXUQ WR WXQLQJ PHQX :$51, 1* &+ $872 6(783 , 1 352*5(66 6($5&+, 1* 3/($6( :$, 7 6WRUHG &+ %%& Ppr uv rhv v pyrrq ur UW vyy qvyh thr vv 6(783 5HWXUQ WR WXQLQJ PHQX 79$9 7R H[LW 781, 1* 0(18 0$18$/ 781, 1* 0DQXDO WXQLQJ RI WKH SURJUDPPH SRVLWLRQV LV DYDLODEOH HLWKHU IURP WKH 2Q 6FUHHQ 'LVSOD\ PHQX RU IURP WKH IURQW SDQHO FRQWUROV 0DQXDO WXQLQJ PHQX 6(7 83 Pr ur Tr r &+ 5HWXUQ 79$9 ·675· %XWWRQ 6HOHFW $FFHVV ([LW 6WRUH Hr Uvt r 7XQLQJ PHQX 3URJUDPPH HGLW $XWR VHWXS 0DQXDO WXQLQJ 'HFRGHU $9 6KLSSLQJ FRQGLWLRQ 2ZQHU , ' 6ppr Uvt r $FFHVV 2II Hr Hhhy vt 6ppr Hhhy vt &+ 3URJUDPPH GRZQXS 6HDUFK GRZQXS ([LW 6WRUH Tryrp ur thr vv ir rq Qr rrhrqy vy rvrq hv v sq 5HWXUQ 79$9 ·675· %XWWRQ 0DQXDO WXQLQJ Xur ur qrvrq hv v sq r TUS r Uur thr vv vyy syhu 675 79$9 Dh r ) Qr ur UW6W i rv 2Q SDVVLQJ FKDQQHO WXQLQJ ZLOO UHVWDUW DW FKDQQHO 0DQXDO WXQLQJ )URQW SDQHO Qr ur A i A hry vy kUvt qrl v rhpurq ) Qr ur i hppr Uvt qr Y &+ Qr ur UW6W i r irrr k8uhtr thrl hq kTrhpul 79$9 0DQXDO WXQLQJ )URQW SDQHO 79$9 675 ) Qr ur i puhtr thr vv h rhpu Y 6HDUFK 0RYH FXUVRU 7R VWRUH 7R H[LW 675 Xur ur qrvrq hv v sq r TUS r Uur thr vv vyy syhu 675 ) 9 79$9 Srrh hir prqr r hqqvvhy thr r ur A i rv ) 781, 1* 0(18 6+, 33, 1* &21', 7, 21 6KLSSLQJ FRQGLWLRQ DOORZV \RX WR UHVHW WKH 79 WR LWV RULJLQDO FRQGLWLRQ LH QR FKDQQHOV WXQHG LQ 7KLV LV XVHIXO IRU H[DPSOH LI \RX PRYH WR D GLIIHUHQW DUHD ZKHQ \RX ZLOO SUREDEO\ ZDQW WKH 79 WR WXQH LWVHOI WR \RXU QHZ ORFDO VWDWLRQV 7KLV FDQ EH GRQH HLWKHU WKURXJK WKH Tuvvt pqvv PHQX RU WKURXJK WKH 6 r PHQX 7KH Tuvvt pqvv PHQX ZLOO UHVHW DOO GDWD FOHDULQJ DOO WXQLQJ LQIRUPDWLRQ DQG UHVHWWLQJ DOO FRQWURO OHYHOV EDFN WR IDFWRU\ VHWWLQJV <RX PD\ QHHG WR DGMXVW \RXU 9&5 RU SURJUDPPH SRVLWLRQ j 9&5 DIWHU RSHUDWLQJ WKH Tuvvt pqvv PHQX UHIHU WR SDJH 6(7 83 Pr ur Tr r 6HOHFW Hr Uvt r $FFHVV 79$9 ([LW 6HWXS PHQX 6ppr Uvt r 7HOHWH[W 2II WLPHU 7XQLQJ PHQX )$67(;7 2II $FFHVV Hr Tuvvt pqvv &+ 5HWXUQ 79$9 ·675· %XWWRQ 7XQLQJ PHQX 3URJUDPPH HGLW $XWR VHWXS 0DQXDO WXQLQJ 'HFRGHU $9 6KLSSLQJ FRQGLWLRQ 2ZQHU , ' 6HOHFW $FFHVV ([LW 6WRUH 6ppr Tuvvt pqvv 675 Qr TUS h 2II $FFHVV 675 Qr hthv psv rhpu vr uh hr hxrq k6r r 4l 675 6KLSSLQJ FRQGLWLRQ $OO WXQLQJ GDWD ZLOO EH HUDVHG Tvpu UW ss hq hv s h sr rpq Tvpu UW hthv 6 r vyy irtv hv vyy ir yphrq rq hq rq rhq s r Trr htr !$ 675 79$9 6(783 6WDUW 7R H[LW 5HWXUQ WR WXQLQJ PHQX 781, 1* 0(18 2:1(5 , ' 2ZQHU , ' DOORZV \RX WR HQWHU D VHFXULW\ FRGH DQG DGGUHVV LQIRUPDWLRQ VR WKDW LQ WKH XQIRUWXQDWH HYHQW RI WKHIW LW ZLOO KHOS WKH 3ROLFH WR GHWHUPLQH WKH RZQHU , I WKH 2ZQHU , ' LQIRUPDWLRQ ZDV QRW HQWHUHG DIWHU $XWR VHWXS RU LW LV QHFHVVDU\ WR DOWHU VRPH RI WKH , ' LQIRUPDWLRQ LW FDQ EH UHDFFHVVHG YLD WKH 7XQLQJ PHQX Pr ur Tr r 6(7 83 Hr Uvt r 6HOHFW $FFHVV 79$9 ([LW 6ppr Uvt r 6HWXS PHQX Hr Pr D9 7HOHWH[W 2II WLPHU 7XQLQJ PHQX )$67(;7 2II $FFHVV 6ppr Pr D9 &+ , I WKH 2ZQHU , ' KDV SUHYLRXVO\ EHHQ VHW HQWHU WKH 6HOHFW 5HWXUQ $FFHVV QDI IVH7@S 675 XVLQJ WR RQ WKH UHPRWH FRQWURO IROORZHG E\ TUS WR SURFHHG WKLV 7XQLQJ PHQX 3URJUDPPH HGLW $XWR VHWXS 0DQXDO WXQLQJ 'HFRGHU $9 6KLSSLQJ FRQGLWLRQ 2ZQHU , ' 79$9 ·675· %XWWRQ ([LW 6WRUH ZLOO WDNH \RX WR WKH I6H@ RSWLRQ , I QR 2ZQHU , ' KDV SUHYLRXVO\ EHHQ VHW HQWHU WKH UHTXLUHG GLJLW 2ZQHU , ' 2II $FFHVV QDI IVH7@S XVLQJ WR RQ WKH UHPRWH FRQWURO , I D GLJLW QDI IVH7@S ZDV HQWHUHG DERYH \RX ZLOO EH WDNHQ DXWRPDWLFDOO\ WR WKH I6H@ OLQH , I QRW PRYH WR WKH I6H@ OLQH 8uhtr puhhpr Tryrp puhhpr vv <RX QRZ KDYH WKH RSSRUWXQLW\ WR HQWHU \RXU GHWDLOV DQG KHOS WKH SROLFH FUDFN FULPH VHH LQVWUXFWLRQ ERRN &KDQJH FKDUDFWHU 6HOHFW FKDUDFWHU ([LW 79$9 ·675· %XWWRQ 6WRUH 2ZQHU , ' 2ZQHU , ' 3, 1 180%(5 1$0( 4 4 4 4 4 4 4 4 4 4 4 4 4 4 +286( 12 4 4 4 4 4 4 4 4 4 4 4 3267&2'( 4 4 4 4 4 4 4 4 4 4 4 $%&'()*+, -. /01234567 89:;<= 675 5HSHDW DERYH XQWLO I6H@ CPVT@ DUH IVH7@S HQWHUHG DQG QPTU8P9@ Qr TUS r ur qrhvy Qr hthv psvur hxrq k6r r 4l 675 Uur Uvt r vyy ir qvyhrq )RU IXWXUH UHIHUHQFH ZULWH \RXU 3, 1 1XPEHU KHUH 79$9 Qr ur UW6W i rv $9 6(/(&7 $1' 6(783 7KH $9 6HOHFW PHQX ZLOO DOORZ \RX WR FKRRVH ZKLFK $9 VRXUFH WR YLHZ 79$9 Qr ur UW6W i $9 Qr ur hvhr pyrq rr py i uvy ur v rhv prr Uur v vyy qvhrh ` h vu hxr hqwr v ur Tr Tq r $9 $96 $96 6HWXS PHQX 6(7 83 Pr ur Tr r 6HOHFW Hr puvpr &KDQJH 79$9 ([LW 6ppr hqwr v 6HWXS PHQX 79$9 7HOHWH[W 2II WLPHU 9ROXPH FRUUHF )$67(;7 2II Qr ur UW6W i rv 6RXQG PHQX 6281' Pr ur Tq r 6HOHFW $GMXVW 79$9 ([LW Hr puvpr 6RXQG PHQX 9ROXPH %DVV 7UHEOH %DODQFH +HDGSKRQH YROXPH 0RGH 6XUURXQG PHQX 6ppr hqwr v 79$9 Qr ur UW6W i rv 0XVLF 4 /, 1. 4 /LQN DOORZV WKH WHOHYLVLRQ WR FRPPXQLFDWH ZLWK D FRPSDWLEOH 9&5 )RU 4 /LQN FRPPXQLFDWLRQ WR ZRUN WKH 79 PXVW EH FRQQHFWHG WR D 9&5 ZLWK WKH k4 /LQNl k1(;79, (:/, 1. l k'$7$ /2*, &l k(DV\ /LQNl k0HJDORJLFl RU k60$57/, 1. l ORJR XVLQJ D IXOO\ ZLUHG 6FDUW FDEOH EHWZHHQ WKH $9 VRFNHW RI WKH WHOHYLVLRQ DQG WKH DSSURSULDWH VRFNHW RQ \RXU 9&5 )RU FRQQHFWLRQ WR WKH DSSURSULDWH 6FDUW VRFNHW RQ WKH 9&5 UHIHU WR WKH 9&5 RSHUDWLQJ LQVWUXFWLRQ ERRN - Xur vt h k1(;79, (:/, 1. l W8S ur hv srhr viyr hr ur syyvt ) 3UHVHW 'RZQORDG 'LUHFW 79 5HFRUG 'RZQORDGLQJ RI WXQLQJ LQIRUPDWLRQ IURP WKH 79 WR WKH 9&5 )RU LPPHGLDWH UHFRUGLQJ RI WKH FXUUHQW SURJUDP :KDW <RX 6HH , V :KDW <RX 5HFRUG Xur vt h kR Gvxl W8S ur hv srhr viyr hr ur syyvt ) - 3UHVHW 'RZQORDG 'LUHFW 79 5HFRUG 799&5 $XWR 3RZHU 2Q 9&5 $XWR 3RZHU 6WDQGE\ 9&5 , PDJH YLHZ 'RZQORDGLQJ RI WXQLQJ LQIRUPDWLRQ IURP WKH 79 WR WKH 9&5 )RU LPPHGLDWH UHFRUGLQJ RI WKH FXUUHQW SURJUDP :KDW <RX 6HH , V :KDW <RX 5HFRUG :KHQ WKH 9&5 SOD\V D WDSH WKH 79 ZLOO DXWRPDWLFDOO\ VZLWFK 2Q DQG VHOHFW WKH $9 LQSXW :KHQ WKH 79 LV VZLWFKHG LQWR 6WDQGE\ WKH 9&5 ZLOO DOVR VZLWFK LQWR 6WDQGE\ :KHQ WKH 9&5 SOD\V D WDSH WKH 79 ZLOO DXWRPDWLFDOO\ VZLWFK 2Q DQG VHOHFW WKH $9 LQSXW - Uuv UW vyy hy pvphr vu ur W8S uh irh ur syyvt yt ) k'$7$ /2*, &l k(DV\ /LQNl k0HJDORJLFl k60$57/, 1. l D WUDGHPDUN RI 0HW] &RUSRUDWLRQ D WUDGHPDUN RI 3KLOLSV &RUSRUDWLRQ D WUDGHPDUN RI *UXQGLJ &RUSRUDWLRQ D WUDGHPDUN RI 6RQ\ &RUSRUDWLRQ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h Ir) 1RW DOO 9&5V VXSSRUW WKLV W\SH RI GDWD FRPPXQLFDWLRQ V\VWHP 6RPH PD\ VXSSRUW FHUWDLQ IHDWXUHV EXW QRW RWKHUV 5HIHU WR WKH 9&5 RSHUDWLQJ LQVWUXFWLRQ ERRN , I 4 /LQN LV LQRSHUDWLYH ILUVW FRQILUP WKDW \RXU 6FDUW FDEOH LV D IXOO\ ZLUHG W\SH $VN \RXU GHDOHU IRU IXUWKHU GHWDLOV 4 /, 1. :KDW <RX 6HH , V :KDW <RX 5HFRUG ', 5(&7 79 5(&25', 1* 7KLV ZLOO DOORZ WKH LPPHGLDWH UHFRUGLQJ RI WKH SURJUDP FXUUHQWO\ VKRZQ RQ WKH 7 HOHYLVLRQ ', 5(&7 79 5(& 3UHVV WKH ', 5(&7 79 5(& EXWWRQ RQ WKH UHPRWH FRQWURO , I WKH 9&5 LV LQ 6WDQGE\ PRGH ZLWK D XVHDEOH WDSH LQVHUWHG LW ZLOO DXWRPDWLFDOO\ VZLWFK RQ ZKHQ \RX SUHVV WKH ', 5(&7 79 5(& EXWWRQ , I D k4 /LQNl 9&5 LV FRQQHFWHG D PHVVDJH ZLOO DSSHDU RQ WKH 79 VFUHHQ VKRZLQJ ZKDW LV EHLQJ UHFRUGHG RU LI LW LV QRW SRVVLEOH WR UHFRUG 6RPH k4 /LQNl FRPSDWLEOH 9&5 V ZLOO RQO\ GLVSOD\ WKH PHVVDJH ZKHQ RQ WKH 9&5 SURJUDPPH SRVLWLRQ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 , I \RX LQVHUW D WDSH LQ WKH 9&5 DQG SUHVV WKH 3OD\ EXWWRQ ZKLOVW WKH 79 LV LQ 6WDQGE\ PRGH WKH 79 ZLOO DXWRPDWLFDOO\ VZLWFK 2Q DQG VHOHFW WKH $9 LQSXW VR WKDW \RX FDQ YLHZ WKH WDSH 6RPH RWKHU 9&5 V PD\ VXSSRUW WKLV IHDWXUH 5HIHU WR WKH 9&5 RSHUDWLQJ LQVWUXFWLRQ ERRN 9&5 $XWR 3RZHU 6WDQGE\ :LWK D 3DQDVRQLF 4 /LQN 9&5 FRQQHFWHG WKLV DGGLWLRQDO IHDWXUH LV DYDLODEOH :KHQ WKH 79 LV VZLWFKHG LQWR 6WDQGE\ PRGH WKH 9&5 ZLOO DOVR VZLWFK LQWR 6WDQGE\ PRGH LI WKHUH LV QR WDSH LQ WKH 9&5 RU LI WKHUH LV D WDSH LQ DQG WKH 9&5 LV LQ 5HZLQG RU 6WRS PRGH LI WKH 9&5 LV UHZLQGLQJ D WDSH LW ZLOO QRW VZLWFK LQWR 6WDQGE\ PRGH XQWLO UHZLQGLQJ KDV ILQLVKHG 6RPH RWKHU 9&5 V PD\ VXSSRUW WKLV IHDWXUH 5HIHU WR WKH 9&5 RSHUDWLQJ LQVWUXFWLRQ ERRN 9&5 , PDJH 9LHZ 2Q :LWK D 3DQDVRQLF 4 /LQN 9&5 FRQQHFWHG WKLV DGGLWLRQDO IHDWXUH LV DYDLODEOH , I WKH 79 LV LQ 6WDQGE\ PRGH DQG WKH 9&5 VHQGV D PHQX WR EH GLVSOD\HG RQ WKH 79 VFUHHQ HJ 0DLQ PHQX WKH 79 ZLOO DXWRPDWLFDOO\ VZLWFK 2Q DQG WKH PHQX ZLOO EH GLVSOD\HG 6RPH RWKHU 9&5 V PD\ VXSSRUW WKLV IHDWXUH 5HIHU WR WKH 9&5 RSHUDWLQJ LQVWUXFWLRQ ERRN 6855281' 0(18 1RUPDOO\ VWHUHR UHSURGXFWLRQ XVHV OHIW DQG ULJKW VSHDNHUV EXW 9yi Q Gtvp Tq DOVR XVHV D FHQWUH FKDQQHO DQG D UHDU FKDQQHO 7KH FHQWUH FKDQQHO VKDUSHQV VRXQG SHUVSHFWLYH DQG GLDORJXH FODULW\ ZKLOVW WKH UHDU FKDQQHO LV XVHG WR LPPHUVH WKH YLHZHU LQ DPELHQFH DQG VSHFLDO HIIHFWV 7R XVH 9yi Q Gtvp Tq ZKHQ UHFHLYLQJ WHOHYLVLRQ SURJUDPPHV WKDW KDYH EHHQ HQFRGHG ZLWK 9yi Tq LQIRUPDWLRQ \RX PXVW EH DEOH WR UHFHLYH 1, &$0 6WHUHR WUDQVPLVVLRQV , I 1, &$0 6WHUHR WUDQVPLVVLRQV DUH QRW WUDQVPLWWHG LQ \RXU DUHD WKHQ WKH 9yi Tq LQIRUPDWLRQ ZLOO QRW EH SUHVHQW DQG 3UR /RJLF GHFRGLQJ ZLOO SURGXFH D FHQWUH FKDQQHO RQO\ RXWSXW XQOHVV \RX DUH SOD\LQJ EDFN IURP D VWHUHR 9&5 'LJLWDO 9HUVDWLOH 'LVF HWF 9yi Q Gtvp Tq RSHUDWHV EHVW ZLWK YLGHRV ODVHUGLVFV DQG 79 SURJUDPPHV WKDW EHDU WKH 9yi Tq ORJR EXW FDQ DOVR EH XVHG WR JRRG HIIHFW ZLWK VWHUHR VRXUFHV QRW HQFRGHG LQ 'ROE\ 6X UURXQG DQG PRQR VRXUFHV DIIRUGLQJ FRPSDWLELOLW\ ZLWK DQ\ VRXUFH @r uh ur kTql srhr v vpurq P 6281' Pr ur Tq r 6HOHFW $FFHVV 79$9 ([LW Hr Tq r 6RXQG PHQX 9ROXPH %DVV 7UHEOH +HDGSKRQH YROXPH 1, &$0 6XUURXQG PHQX 6ppr Tq r 2Q $FFHVV Hr puvpr 6HOHFW Dprhr qrprhr yrry r v hppr sur r 5HWXUQ $FFHVV 79$9 ([LW 79$9 Qr ur UW6W i rv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kOHDNDJHl IURP WKH UHDU VXUURXQG VSHDNHUV , W PD\ EH QHFHVVDU\ WR UHGXFH WKH RXWSXW OHYHO RI WKH UHDU FKDQQHO WR UHFWLI\ WKLV SKHQRPHQRQ , QWHUQDO VSHDNHU 1RUPDOO\ VHW WR P EXW ZKHQ VHSDUDWH H[WHUQDO DPSOLILHG IURQW VSHDNHUV DUH FRQQHFWHG WKHQ WKH LQWHUQDO VSHDNHUV FDQ EH VZLWFKHG Pss 6HH SDJH IRU FRQQHFWLRQ GHWDLOV 352 /2*, & 02'( &KRRVLQJ 6XUURXQG 3UR /RJLF PRGH DOORZV WKUHH SRVVLEOH PRGHV RI RSHUDWLRQ Ihy Quh RU " Trr 'ROE\ 3UR /RJLF 1RUPDO &HQWUH PRGH 3UHVVLQJ WKH 6XUURXQG VZLWFK ZLOO VZLWFK WKH VXUURXQG PRGH LQWR FKDQQHO VWHUHR RQO\ DQG YLFH YHUVD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rvt @ssrp 6vhr pr 'LVFR $ URRP VR IXOO RI PXVLF WKDW LW VHHPV WR HQJXOI WKH OLVWHQHU 'LVFR 'DQFH RU -D]] PXVLF 0RYLH 3OD\EDFN RI VRIWZDUH ILOPV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j VHW WR UHFHLYH DQ 5) VLJQDO IURP \RXU 9&5 DOWKRXJK D 6FDUW FRQQHFWLRQ LV SUHIHUDEOH LI WKH 9&5 LV VR HTXLSSHG +RZHYHU LI IRU VRPH UHDVRQ \RXU 9&5 LV WXQHG WR D GLIIHUHQW 5) FKDQQHO WKHQ \RX ZLOO QRW UHFHLYH DQ\ SLFWXUH RU VRXQG IURP \RXU 9&5 RQ SURJUDPPH SRVLWLRQ j RI WKH 79 , W ZLOO EH QHFHVVDU\ WR HLWKHU DGMXVW WKH 5) FKDQQHO RI \RXU 9&5 VRPH 9&5 V DOORZ DGMXVWPHQW RI WKHLU 5) FKDQQHO YLD WKHLU UHPRWH FRQWURO XQLW RU WR DGMXVW WKH WXQLQJ RI WKH 79 V SURJUDPPH SRVLWLRQ j RU ERWK XQWLO LW UHFHLYHV WKH 5) RXWSXW FKDQQHO RI \RXU 9&5 , W LV LQWHQGHG WKDW WKLV DGYLFH LV XVHG LQ FRQMXQFWLRQ ZLWK WKH LQVWUXFWLRQ ERRNV IRU \RXU DGGLWLRQDO HTXLSPHQW 8VH WKH $9 6FDUW WHUPLQDO IRU D 9&5 8VH WKH $96 6FDUW WHUPLQDO IRU DQ 6 9LGHR 9&5 8VH WKH $96 6FDUW WHUPLQDO IRU D 4 /LQN 1(;79, (:/, 1. RU FRPSDWLEOH 9&5 7R WXQH \RXU 79 WR WKH 9&5 Tvpu ur W8S vr hq yh h r rpqrq hr vu x pr 6(7 83 Pr ur Tr r 6HOHFW $FFHVV Hr Uvt r 79$9 ([LW 6HWXS PHQX 6ppr Uvt r 7HOHWH[W 2II WLPHU 7XQLQJ PHQX )$67(;7 2II $FFHVV Hr Hhhy vt 9&5 &+ 6ppr Hhhy vt Tryrp thr vv j W8S 5HWXUQ 79$9 ·675· %XWWRQ 3URJUDPPH GRZQXS 6HDUFK GRZQXS ([LW 6WRUH 0DQXDO WXQLQJ Th rhpuvt s ur W8S yhihpx s ur x pr hr 675 Xur ur W8S yhihpx v sq r TUS r 9&5 79$9 Qr ur UW6W i rv Trr iry s vhyyhv s W8S hq Thryyvr Srprvr Ir ) - , I SLFWXUH SDWWHUQLQJ RFFXUV RQ SURJUDPPH SRVLWLRQ j LW PD\ EH QHFHVVDU\ WR DGMXVW WKH 5) RXWSXW FKDQQHO RI - WKH 9&5 UHIHU WR WKH 9&5 LQVWUXFWLRQ ERRN , I D 6DWHOOLWH 5HFHLYHU DQG D 9&5 DUH JRLQJ WR EH XVHG ZLWK 5) FDEOH FRQQHFWLRQV v v vh WR DYRLG ERWK XQLWV EHLQJ VHW RQ WKH VDPH FKDQQHO 5HIHU WR WKH 6DWHOOLWH 5HFHLYHU DQG 9&5 LQVWUXFWLRQ ERRNV IRU SUHFLVH WXQLQJ LQIRUPDWLRQ 9&5 '9' 23(5$7, 21 7KH 5HPRWH &RQWURO LV FDSDEOH RI RSHUDWLQJ VRPH IXQFWLRQV RI VHOHFWHG 3DQDVRQLF 9&5V DQG '9' 'LJLWDO 9HUVDWLOH 'LVF HTXLSPHQW 6RPH 9&5 DQG '9' HTXLSPHQW KDYH GLIIHUHQW IXQFWLRQV VR WR HQVXUH FRPSDWLELOLW\ SOHDVH UHIHU WR WKH HTXLSPHQW V LQVWUXFWLRQ ERRN RU FRQVXOW \RXU GHDOHU IRU GHWDLOV '9' 9&5 Thqi 3UHVV WR VZLWFK WKH 9&5 RU '9' WR VWDQGE\ PRGH 3UHVV DJDLQ WR VZLWFK EDFN RQ W8S 9W9 vpu 8VH WKLV VZLWFK WR VHOHFW ZKHWKHU FRQWUROV RSHUDWH '9' HTXLSPHQW RU \RXU 9&5 Qyh 3UHVV WR SOD\EDFN WKH WDSH RU '9' T 3UHVV WR VWRS WKH WDSH RU '9' Txv Ah Ahq 8r 9&5 3UHVV WR IDVW IRUZDUG WKH WDSH , Q 3OD\ PRGH SUHVV WR YLHZ WKH SLFWXUH UDSLGO\ IRUZDUG &XH '9' 3UHVV RQFH WR VNLS WR WKH QH[W WUDFN , Q SOD\ PRGH SUHVV DQG KROG WR YLHZ WKH SLFWXUH UDSLGO\ IRUZDUG Txv Srvq Srvr 9&5 3UHVV WR UHZLQG WKH WDSH , Q 3OD\ PRGH SUHVV WR YLHZ WKH SLFWXUH UDSLGO\ LQ UHYHUVH 5HYLHZ '9' 3UHVV RQFH WR VNLS WR WKH SUHYLRXV WUDFN , Q SOD\ PRGH SUHVV DQG KROG WR YLHZ WKH SLFWXUH UDSLGO\ LQ UHYHUVH Qhr Tvyy 3UHVV LQ SOD\EDFN PRGH WKH SLFWXUH ZLOO SDXVH 3UHVV DJDLQ WR UHVWDUW SOD\ Qthr V 9 3UHVV WR LQFUHDVH RU GHFUHDVH WKH 9&5 SURJUDPPH SRVLWLRQ E\ RQH 5(& Srpq 3UHVV WKLV EXWWRQ WR VWDUW UHFRUGLQJ 7(/(7(;7 23(5$7, 21 - 7 HOHWH[W IHDWXUHV PD\ YDU\ GHSHQGLQJ RQ WKH %URDGFDVWLQJ &RPSDQLHV DQG LV RQO\ DYDLODEOH LI WKH FKDQQHO VHOHFWHG LV WUDQVPLWWLQJ 7 HOHWH[W 3UHVVLQJ WKH 3LFWXUH EXWWRQ ZKLOVW LQ 7 HOHWH[W RSHUDWLRQ ZLOO GLVSOD\ WKH FRQWUDVW IXQFWLRQ ZLWK D F\DQ EDU SUHVV VHWWLQJ DV UHTXLUHG 3UHVVLQJ WKH 6HWXS EXWWRQ ZKLOVW LQ 7 HOHWH[W RSHUDWLRQ ZLOO GLVSOD\ VSHFLDO IXQFWLRQ RSWLRQV DW WKH ERWWRP RI WKH VFUHHQ :KHQ LQ 7 HOHWH[W PRGH WKH YROXPH PD\ VWLOO EH DOWHUHG WR WKH GHVLUHG OLVWHQLQJ OHYHO * WR DOWHU WKH :KDW LV /, 67 PRGH " , Q /, 67 PRGH IRXU GLIIHUHQWO\ FRORXUHG SDJH QXPEHUV DUH VLWXDWHG DW WKH ERWWRP RI WKH VFUHHQ (DFK RI WKHVH QXPEHUV FDQ EH DOWHUHG DQG VWRUHG LQ WKH 79 V PHPRU\ :KDW LV )$67(;7" , Q )$67(;7 PRGH IRXU GLIIHUHQWO\ FRORXUHG VXEMHFWV DUH VLWXDWHG DW WKH ERWWRP RI WKH GLVSOD\ 7 DFFHVV PRUH LQIRUPDWLRQ DERXW RQH RI R WKHVH VXEMHFWV SUHVV WKH DSSURSULDWHO\ FRORXUHG EXWWRQ 7KLV IDFLOLW\ HQDEOHV IDVW DFFHVV WR LQIRUPDWLRQ RQ WKH VXEMHFWV VKRZQ 797(;7 79 7HOHWH[W PRGH 3UHVV WKH UWU@YU EXWWRQ 7KH VFUHHQ ZLOO GLVSOD\ WKH 7 HOHWH[W SDJH 3UHVV DJDLQ ZKHQ \RX ZLVK WR UHWXUQ WR 79 PRGH 3DJH 6HOHFWLRQ 3DJHV FDQ EH VHOHFWHG LQ WZR ZD\V D 3UHVV WKH 8S 'RZQ EXWWRQV WR LQFUHDVH RU GHFUHDVH WKH SDJH QXPEHU E\ RQH E %\ HQWHULQJ WKH SDJH QXPEHU XVLQJ RQ WKH UHPRWH FRQWURO 6(7 83 )XOO 7RS %RWWRP 3UHVV WKH 3UHVV WKH T@U VQ Brr EXWWRQ WR GLVSOD\ VSHFLDO IXQFWLRQV IROORZHG E\ WKH Brr EXWWRQ EXWWRQ DJDLQ WR H[SDQG WKH %27720 KDOI 3UHVV DJDLQ WR UHWXUQ WR QRUPDO )8// VL]H 6(7 83 5HYHDO 3UHVV WKH T@U VQ EXWWRQ WR GLVSOD\ VSHFLDO IXQFWLRQV IROORZHG E\ WKH Srq EXWWRQ WR UHYHDO KLGGHQ ZRUGV HJ TXL] SDJH DQVZHUV 3UHVV DJDLQ WR KLGH 5HG *UHHQ <HOORZ %OXH EXWWRQV , Q )$67(;7 PRGH WKHVH FRUUHVSRQG WR WKH GLIIHUHQWO\ FRORXUHG VXEMHFWV , Q /, 67 PRGH WKH\ FRUUHVSRQG WR WKH GLIIHUHQWO\ FRORXUHG SDJH QXPEHUV /LVW 6WRUH , Q /, 67 PRGH WKH IRXU SDJH QXPEHUV FDQ EH DOWHUHG SURJUDPPH SRVLWLRQV 675 RQO\ 7 GR WKLV SUHVV RQH RI WKH IRXU FRORXUHG EXWWRQV DQG HQWHU WKH QHZ SDJH QXPEHU R 3UHVV DQG KROG VWRUHG TUS WKH SDJH QXPEHUV ZLOO FKDQJH WR ZKLWH LQGLFDWLQJ WKDW WKH SDJH LV +2/' +ROG 7 KROG WKH 7 R HOHWH[W SDJH ZKHQ YLHZLQJ PXOWL SDJH LQIRUPDWLRQ 3UHVV DJDLQ WR UHWXUQ WR DXWRPDWLF SDJH XSGDWH 7(/(7(;7 23(5$7, 21 , W LV QRW SRVVLEOH WR FKDQJH WKH SURJUDPPH SRVLWLRQ ZKHQ LQ 1HZV IODVK 8SGDWH RU 6XE &RGHG 3DJH $FFHVV RSHUDWLRQ 675 )DYRXULWH 3DJH )3  6WRUHV D IDYRXULWH SDJH LQ PHPRU\ IRU LQVWDQW UHFDOO 7 VWRUH VXFK D SDJH WKH 79 PXVW R EH LQ /, 67 PRGH DQG WKH SURJUDPPH SRVLWLRQ PXVW EH IURP 3UHVV WKH 7yr EXWWRQ VHOHFW WKH SDJH QXPEHU WKHQ SUHVV DQG KROG WKH TUS EXWWRQ 7KH SDJH QXPEHU LV QRZ VWRUHG ) 3 3UHVV A Q WR UHFDOO WKLV SDJH 8SGDWH 'LVSOD\ 3UHVV WKH T@U VQ EXWWRQ WR GLVSOD\ VSHFLDO IXQFWLRQV IROORZHG E\ WKH `ryy EXWWRQ WR YLHZ WKH 79 SLFWXUH ZKLOVW VHDUFKLQJ IRU D 7 HOHWH[W SDJH :KHQ IRXQG WKH VFUHHQ ZLOO GLVSOD\ WKH SDJH QXPEHU DW WKH WRS OHIW 3UHVV WKH 3UHVV `ryy EXWWRQ WR YLHZ WKH SDJH DJDLQ WR UHWXUQ WR QRUPDO 79 RSHUDWLRQ UW U@YU 6(7 83 Ir Ayhu :KHQ D QHZV IODVK SDJH KDV EHHQ VHOHFWHG SUHVV T@U VQ `ryy WR YLHZ WKH 79 SLFWXUH :KHQ DQ XSGDWH LV UHFHLYHG WKH SDJH QXPEHU ZLOO EH GLVSOD\HG RQ VFUHHQ 3UHVV WKH 3UHVV `ryy EXWWRQ WR GLVSOD\ WKH 1HZV )ODVK WR UHWXUQ WR QRUPDO 79 RSHUDWLRQ UW U@YU Vqhr 3UHVV T@U VQ `ryy WR VHH WKH XSGDWH RI LQIRUPDWLRQ RQ FHUWDLQ SDJHV :KHQ DQ XSGDWH LV UHFHLYHG WKH SDJH QXPEHU ZLOO EH GLVSOD\HG DW WKH WRS OHIW RI WKH VFUHHQ 3UHVV WKH 3UHVV `ryy EXWWRQ WR YLHZ WKH SDJH WR UHWXUQ WR QRUPDO 79 RSHUDWLRQ UW U@YU 6XE &RGHG 3DJH $FFHVV 6(7 83 :KHQ 7 HOHWH[W LQIRUPDWLRQ H[FHHGV PRUH WKDQ RQH SDJH LW PD\ WDNH VRPH WLPH IRU WKH DXWRPDWLF FKDQJLQJ RI WKH VXE SDJHV WR UHDFK WKH VXE SDJH \RX UHTXLUH , W LV SRVVLEOH WR HQWHU \RXU UHTXLUHG VXE SDJH DQG FRQWLQXH ZDWFKLQJ WKH QRUPDO SURJUDPPH XQWLO WKH FRUUHFW VXE SDJH LV IRXQG 6HOHFW WKH UHTXLUHG SDJH QXPEHU XVLQJ EXWWRQV 3UHVV WKH T@U VQ EXWWRQ IROORZHG E\ WKH 7yr EXWWRQ 7 ZLOO EH GLVSOD\HG DW WKH WRS ULJKW RI WKH VFUHHQ (QWHU GHVLUHG VXE SDJH QXPEHU EHIRUH WKH 7 GLVDSSHDUV 7 VHOHFW SDJH HQWHU DQG R , I LQ /, 67 PRGH D j7 ZLOO DSSHDU LQ WKH FXUUHQW ER[ DW WKH ERWWRP 3UHVV WKH 3UHVV `ryy EXWWRQ WR YLHZ D QRUPDO 79 SURJUDPPH LQ /, 67 PRGH T@U VQ `ryy :KHQ WKH SDJH LV DYDLODEOH SUHVV WKH `ryy EXWWRQ WR YLHZ WKH SDJH , 1'(; 7 FOHDU WKH SDJH SHUIRUP RQH RI WKH IROORZLQJ R 3UHVV T@U VQ 6HOHFW D QHZ SDJH QXPEHU 3UHVV UWU@YU WR UHWXUQ WR QRUPDO 79 RSHUDWLRQ , QGH[ Xur v A6TU@YU rhv 3UHVV DI9@Y WR UHWXUQ WR WKH PDLQ LQGH[ SDJH 'HSHQGLQJ RQ WKH ZD\ LQIRUPDWLRQ LV WUDQVPLWWHG WKLV PD\ KDYH WR EH SUHVVHG PRUH WKDQ RQFH WR UHWXUQ WR WKH PDLQ LQGH[ SDJH $8', 2 9, '(2 &211(&7, 216 )URQW $9 3LQ 69LGHR 5&$ $XGLR 9LGHR DQG +HDGSKRQHV 6RFNHWV 3UHVV DQG UHOHDVH WR RSHQ 2XWSXW IURP 9LGHR LQSXW WR 6 9LGHR VRFNHW Crhqur VRFNHW T W 9LGHR LQSXW WR $XGLR LQSXW WR W PP 6WHUHR 3OXJ VRFNHW GS VRFNHWV 5&$ 9LGHR &DEOH [ 5&$ $XGLR &DEOHV &$0&25'(5 67(5(2 +($'3+21(6 ZLWK PP 3OXJ Ir ) $GGLWLRQDO HTXLSPHQW DQG FDEOHV VKRZQ DUH QRW VXSSOLHG ZLWK WKLV 79 VHW 1 6FDUW DQG 69LGHR VRFNHW LQIRUPDWLRQ 6W Tph pxr 6W!Tph pxr T Wvqr R Gvx 6RFNHW (DUWK &9%6 HDUWK 6& , Q (DUWK (DUWK (DUWK $XGLR RXW / $XGLR RXW 5 T Wvqr # v pxr 6RFNHW (DUWK &9%6 HDUWK 5HG LQ 5HG HDUWK *UHHQ LQ *UHHQ HDUWK %OXH LQ %OXH HDUWK $XGLR RXW / $XGLR RXW 5 &9%6 RXW YLGHR &9%6 LQ YLGHR 5*% VWDWXV HDUWK 6WDWXV 5*% (DUWK 6WDWXV &9%6 $XGLR LQ / $XGLR HDUWK $XGLR LQ 5 &9%6 RXW YLGHR &9%6 LQ YLGHR (DUWK (DUWK 4 /LQN GDWD 6WDWXV &9%6 $XGLR LQ / $XGLR HDUWK $XGLR LQ 5 &KURPLQDQFH HDUWK /XPLQDQFH HDUWK &KURPLQDQFH LQ /XPLQDQFH LQ 6XLWDEOH LQSXWV IRU 5HG*UHHQ%OXH 6W LQFOXGH 5*% 6W! 3LQV DQG DUH GHSHQGHQW RQ $9 6 9+6 9, '(2 VZLWFKLQJ $8', 2 9, '(2 &211(&7, 216 5HDU $9$96 3LQ 6FDUW DQG 5&$ $XGLR 2XW 7HUPLQDOV , QSXW2XWSXW IURP , QSXW2XWSXW IURP 6W 6FDUW 6RFNHW 6W! 6FDUW 6RFNHW 4 /LQN GDWD 6FDUW FDEOH 6FDUW FDEOH 9&5 6 9, '(2 9&5 4 /, 1. &203$7, %/( 9&5 9&5 6$7(//, 7( 5(&(, 9(5 6 9, '(2 &$0&25'(5 &$0&25'(5 *$0(6 &2162/( &20387(5 5*% Ir) $GGLWLRQDO HTXLSPHQW DQG FDEOHV VKRZQ DUH QRW VXSSOLHG ZLWK WKLV 79 VHW 'R QRW FRQQHFW D FRPSXWHU ZLWK 77/ RXWSXW 9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 )URQW 5LJKW 6SHDNHU QRW VXSSOLHG ([WHUQDO $PSOLILHU QRW VXSSOLHG /HIW 5HDU 6XUURXQG 6SHDNHU 5LJKW 5HDU 6XUURXQG 6SHDNHU ([LVWLQJ KL IL VSHDNHU XVHG DV IURQW ULJKW VXUURXQG VSHDNHU ([LVWLQJ KL IL VSHDNHU XVHG 6SHDNHU 5HG  DV IURQW OHIW VXUURXQG VSHDNHU )5217 $8', 2 287 6RFNHWV &RQQHFW 5 5LJKW WR 5LJKW LQSXW 5 RI $8; &RQQHFW / /HIW WR /HIW LQSXW / RI $8; 2XWSXW IURP WKH 8VH 3KRQR 5&$ FRQQHFWRUV %ODFN  %ODFN WHUPLQDO 5HG WHUPLQDO 5HG WHUPLQDO %ODFN WHUPLQDO QRW VXSSOLHG 5 63($. (56 / 3+ 781(5 &' 7$3( 3/$< 5(& $8; 5 / 5HDU YLHZ RI +L )L $PSOLILHU 7528%/(6+227, 1* 6\PSWRPV Qvpr Tq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 3RRU RU 'LVWRUWHG 3LFWXUH :HDN RU 1R 6RXQG 0DJQHWLF , QWHUIHUHQFH IURP XQVKLHOGHG HTXLSPHQW 5HFHLYHU PRYHG ZKLOH VZLWFKHG 21 VZLWFK 79 RII IRU PLQXWHV , I SLFWXUH LV DOVR WLOWHG XVH *HRPDJQHWLF &RUUHFWLRQ &RORXUHG 3DWFKHV 1RUPDO 6RXQG IHDWXUH VHH 4XLFN 6WDUW *XLGH SDJH  6RXQG UHFHSWLRQ PD\ KDYH GHWHULRUDWHG 6ZLWFK 1, &$0 VHWWLQJ 6RXQG PHQX WR 2II XQWLO UHFHSWLRQ LPSURYHV 1RUPDO 3LFWXUH :HDN RU GLVWRUWHG VRXQG )25 <285 *8, '$1&( 1 6HUYLFH %HIRUH UHTXHVWLQJ VHUYLFH SOHDVH UHIHU WR WKH WURXEOH VKRRWLQJ JXLGH RQ SUHYLRXV SDJH WR GHWHUPLQH WKH V\PSWRPV 7 R REWDLQ VHUYLFH SOHDVH FRQWDFW \RXU ORFDO 3DQDVRQLF GHDOHU TXRWLQJ WKH PRGHO QXPEHU DQG VHULDO QXPEHU ERWK DUH ORFDWHG DW WKH UHDU RI WKH 79 1 /DVW 3RVLWLRQ 0HPRU\ &HUWDLQ IXQFWLRQV KDYH D ODVW SRVLWLRQ PHPRU\ LH WKH VHWWLQJ DW WKH WLPH RI VZLWFK RII ZLOO EH WKH VHWWLQJ XVHG ZKHQ WKH UHFHLYHU LV VZLWFKHG RQ DJDLQ 3URJUDPPH +HDGSKRQH YROXPH $9 3RVLWLRQ 9ROXPH 1, &$0 %DVV 7UHEOH %DODQFH &RORXU %DODQFH 6WDWXV 7 HOHWH[W PRGH 6XUURXQG PRGH 6SHDNHU GLVWDQFH 7LQW 0176& 176& RQO\ 9ROXPH FRUUHFWLRQ LQ $9 PRGH RQO\ &RQWUDVW 6KDUSQHVV $VSHFW PRGH 6WDQGE\ $UWLILFLDO , QWHOOLJHQFH $,  &RORXU %ULJKWQHVV 3 15 'HFRGHU $9 6SHDNHU OHYHO VHWWLQJ 1 79 *DPHV +RPH &RPSXWHUV ([WHQGHG XVH RI 79 JDPHV RU KRPH FRPSXWHUV ZLWK DQ\ WHOHYLVLRQ VHW FDQ FDXVH D SHUPDQHQW j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 3LQ 6FDUW DQG 5&$ $XGLR 2XW 7HUPLQDOV , QSXW2XWSXW IURP , QSXW2XWSXW IURP 6W 6FDUW 6RFNHW 6W! 6FDUW 6RFNHW 4 /LQN GDWD 6FDUW FDEOH 6FDUW FDEOH 9&5 6 9, '(2 9&5 4 /, 1. &203$7, %/( 9&5 9&5 6$7(//, 7( 5(&(, 9(5 6 9, '(2 &$0&25'(5 &$0&25'(5 *$0(6 &2162/( &20387(5 5*% Ir) $GGLWLRQDO HTXLSPHQW DQG FDEOHV VKRZQ DUH QRW VXSSOLHG ZLWK WKLV 79 VHW 'R QRW FRQQHFW D FRPSXWHU ZLWK 77/ RXWSXW 9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 )URQW 5LJKW 6SHDNHU QRW VXSSOLHG ([WHUQDO $PSOLILHU QRW VXSSOLHG /HIW 5HDU 6XUURXQG 6SHDNHU 5LJKW 5HDU 6XUURXQG 6SHDNHU ([LVWLQJ KL IL VSHDNHU XVHG DV IURQW ULJKW VXUURXQG VSHDNHU ([LVWLQJ KL IL VSHDNHU XVHG 6SHDNHU 5HG  DV IURQW OHIW VXUURXQG VSHDNHU )5217 $8', 2 287 6RFNHWV &RQQHFW 5 5LJKW WR 5LJKW LQSXW 5 RI $8; &RQQHFW / /HIW WR /HIW LQSXW / RI $8; 2XWSXW IURP WKH 8VH 3KRQR 5&$ FRQQHFWRUV %ODFN  %ODFN WHUPLQDO 5HG WHUPLQDO 5HG WHUPLQDO %ODFN WHUPLQDO QRW VXSSOLHG 5 63($. (56 / 3+ 781(5 &' 7$3( 3/$< 5(& $8; 5 / 5HDU YLHZ RI +L )L $PSOLILHU 7528%/(6+227, 1* 6\PSWRPV Qvpr Tq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 3RRU RU 'LVWRUWHG 3LFWXUH :HDN RU 1R 6RXQG 0DJQHWLF , QWHUIHUHQFH IURP XQVKLHOGHG HTXLSPHQW 5HFHLYHU PRYHG ZKLOH VZLWFKHG 21 VZLWFK 79 RII IRU PLQXWHV , I SLFWXUH LV DOVR WLOWHG XVH *HRPDJQHWLF &RUUHFWLRQ &RORXUHG 3DWFKHV 1RUPDO 6RXQG IHDWXUH VHH 4XLFN 6WDUW *XLGH SDJH  6RXQG UHFHSWLRQ PD\ KDYH GHWHULRUDWHG 6ZLWFK 1, &$0 VHWWLQJ 6RXQG PHQX WR 2II XQWLO UHFHSWLRQ LPSURYHV 1RUPDO 3LFWXUH :HDN RU GLVWRUWHG VRXQG )25 <285 *8, '$1&( 1 6HUYLFH %HIRUH UHTXHVWLQJ VHUYLFH SOHDVH UHIHU WR WKH WURXEOH VKRRWLQJ JXLGH RQ SUHYLRXV SDJH WR GHWHUPLQH WKH V\PSWRPV 7 R REWDLQ VHUYLFH SOHDVH FRQWDFW \RXU ORFDO 3DQDVRQLF GHDOHU TXRWLQJ WKH PRGHO QXPEHU DQG VHULDO QXPEHU ERWK DUH ORFDWHG DW WKH UHDU RI WKH 79 1 /DVW 3RVLWLRQ 0HPRU\ &HUWDLQ IXQFWLRQV KDYH D ODVW SRVLWLRQ PHPRU\ LH WKH VHWWLQJ DW WKH WLPH RI VZLWFK RII ZLOO EH WKH VHWWLQJ XVHG ZKHQ WKH UHFHLYHU LV VZLWFKHG RQ DJDLQ 3URJUDPPH +HDGSKRQH YROXPH $9 3RVLWLRQ 9ROXPH 1, &$0 %DVV 7UHEOH %DODQFH &RORXU %DODQFH 6WDWXV 7 HOHWH[W PRGH 6XUURXQG PRGH 6SHDNHU GLVWDQFH 7LQW 0176& 176& RQO\ 9ROXPH FRUUHFWLRQ LQ $9 PRGH RQO\ &RQWUDVW 6KDUSQHVV $VSHFW PRGH 6WDQGE\ $UWLILFLDO , QWHOOLJHQFH $,  &RORXU %ULJKWQHVV 3 15 'HFRGHU $9 6SHDNHU OHYHO VHWWLQJ 1 79 *DPHV +RPH &RPSXWHUV ([WHQGHG XVH RI 79 JDPHV RU KRPH FRPSXWHUV ZLWK DQ\ WHOHYLVLRQ VHW FDQ FDXVH D SHUPDQHQW j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