&RUSRUDFLyQ $XWyQRPD 5HJLRQDO GHO &HVDU &2532&(6$5 $872 1R 9DOOHGXSDU GHPD\R GH 3RU PpGtR GHO FXDO VH LQLFLD WUiPLWH DGPLQLVWUDWLYR DP DXWRUL]DFLyQ SDUD RFXSDFLyQ GHO FDXFH GH ODIXHQWH SUHVHQWDGD SRU HOPXQLFLSLR GH *RQ]iOH]&HVDU FRQL (O&RRUGtKDGRU GHOD6XEÈUHD -XUtGLFD $PELHQWDO GH GHOHTDGDV SRU OD 'LUHFFLyQ *HQHUDO PHGLDQWH 5HVROXF UQRGLxFDGD SDUFLDOPHQWH SRUDFWRDGPLQLVWUDWLYR 1R &216,'(5$1'2 4XH ODVHxRUD .$7+(5,1( 025$ 526$'2 LGHQWLILFDGD FRQ HQ FDOLGDG GH $OFDOGHVD 0XQLFLSDO GH *RQ]iOH] FRQ L VROLFLWy D>&RUSRFHVDU DXWRUL]DFLyQ SDUD RFXSDFLyQ G 2XHEUDGi /D /RPD FRQIRUPDFLyQ SDUD OD GH GLTXH \ UHFXEULPLHQWR SDUD UHFXSHUDU ODFDQDOL]DFLyQ GH ODTXHEUDGD /D/RP GRFXPHQWDFLyQ EiVLFD )RUPXODULR GHVROLFLWXG GHDXWRUL]DFLyQ GHRFXSDF &UHGHQFLDO GH$OFDOGH 0XQLFLSDO D QRPEUH GH .$ ST[PLHPEURV GH &RPLVLyQ (VFUXWDGRUD 0XQLFLSDO FtX &RSLD GHODFpGXOD GHFLXGDGDQtD GH .$7+(5,1( 0 $FWD GH3RVHVLyQ GH OD$OFDOGHVD 0XQLFLSDO OQIRUPDFLyQ VRSRUWH GH ODSHWLFLyQ 4XH GHFRQIRUPLGDG FRQ ODQRUPDWLYLGDG YLJHQWH TXLHQ SUHWHQGD FRQVWUXLU REUDV TXH RFXSHQ HO FDXFH DJXD GHEHUi VROLFLWDU DXWRUL]DFLyQ (IL REUDV GH UHFWLILFDFLyQ GH FDXFHV R GHIHQVD LPPGDFtRQHV R GDxRV HQ ORV SUHGLRV ULEHUHxRV OR SODQRV \PHPRULDV QHFHVDULDV 6LQ SHUPLVR QRVH SRGUiQ DOWHUDU ORVFDXFHV Q LQWHUYHQLU VX XVR OHJtWLPR 6a HQWLHQGH SRU FDXFH QDWXUDO OD IDMD GH WHU FRUULHQWH DODOFDQ]DU VXV QLYHOHV Pi[LPRV SRUHIH 3SU H[SUHVD GLVSRVLFLyQ GHO DUWtFXOR GH OD $XWyQRPDV 5HJLRQDOHV WLHQHQ SRU REMHWR OD DSOL YLJHQWHV VREUH GLVSRVLFLyQ DGPLQLVWUDFLyQ PDQH QDWXUDOHV UHQRYDEOHV \GHOPHGLR DPELHQWH (K OD SUHVHQWH DFWXDFLyQ QRVH FREUD HO VHUYLF Ha FXHQWD TXH PHGLDQWH 5HVROXFLyQ 1R GHO 'LDULR 2ILFLDO 1R GHO GtD GH VHSWLHPEU FREUR GH ORVVHUYLFLRV GH (YDOXDFLyQ \6HJXLPLHQW 3HUPLVRV &RQFHVLRQHV $XWRUL]DFLRQHV \GHPiV LQ TXH UHTXLHUDQ ORV SUR\HFWRV DPELHQWDOHV TXH DGHO GHO &HVDU ORV 0XQLFLSLRV R (QWHV 0XQLFLSDOHV GH LQOGtJHQDV \ ODV FRPXQLGDGHV QHJUDV D TXH VH UH PDQHUD HVPHQHVWHU LQGLFDU TXHPHGLDQWH 5HVROXFLy 3 SXEOLFDGD HQ HO 'LDULR 2ILFLDO 1R GH ILMa HO SURFHGLPLHQWR GH FREUR GH ORVVHUYLFLRV $? ODOX]GHORHVWDEOHFLGR GHO$UWtFXOR HQHO3DUiJUDIR GHGLFKD 1R UHV &DUUHUD1R9DOOHGXSDU 7HOpIRQRV)D[ $QD%$XWÏV2FXSDFLyQGHFDXFH