Siemens GIGASET EUROSET 2015 User Manual

Hide thumbs

page of 46

/ 46

Quick Links

Dear Customer,

Gigaset Communications GmbH is the legal successor to

Siemens Home and Office Communication Devices GmbH &

Co. KG (SHC), which in turn continued the Gigaset business

of Siemens AG. Any statements made by Siemens AG or

SHC that are found in the user guides should therefore be

understood as statements of Gigaset Communications

GmbH.

We hope you enjoy your Gigaset.

Sehr geehrte Kundin, sehr geehrter Kunde,

die Gigaset Communications GmbH ist Rechtsnachfolgerin

der Siemens Home and Office Communication Devices

GmbH & Co. KG (SHC), die ihrerseits das Gigaset-Geschäft

der Siemens AG fortführte. Etwaige Erklärungen der

Siemens AG oder der SHC in den Bedienungsanleitungen

sind daher als Erklärungen der Gigaset Communications

GmbH zu verstehen.

Wir wünschen Ihnen viel Freude mit Ihrem Gigaset.

Chère Cliente, Cher Client,

la société Gigaset Communications GmbH succède en droit

à Siemens Home and Office Communication Devices GmbH

& Co. KG (SHC) qui poursuivait elle-même les activités Giga-

set de Siemens AG. Donc les éventuelles explications de Sie-

mens AG ou de SHC figurant dans les modes d'emploi

doivent être comprises comme des explications de Gigaset

Communications GmbH.

Nous vous souhaitons beaucoup d'agrément avec votre

Gigaset.

Gentile cliente,

la Gigaset Communications GmbH è successore della Sie-

mens Home and Office Communication Devices GmbH &

Co. KG (SHC) che a sua volta ha proseguito l'attività della

Siemens AG. Eventuali dichiarazioni della Siemens AG o

della SHC nei manuali d'istruzione, vanno pertanto intese

come dichiarazioni della Gigaset Communications GmbH.

Le auguriamo tanta soddisfazione con il vostro Gigaset.

Geachte klant,

Gigaset Communications GmbH is de rechtsopvolger van

Siemens Home and Office Communication Devices GmbH &

Co. KG (SHC), de onderneming die de Gigaset-activiteiten

van Siemens AG heeft overgenomen. Eventuele uitspraken

of mededelingen van Siemens AG of SHC in de gebruiksaan-

wijzingen dienen daarom als mededelingen van Gigaset

Communications GmbH te worden gezien.

Wij wensen u veel plezier met uw Gigaset

Estimado cliente,

la Gigaset Communications GmbH es derechohabiente de la

Siemens Home and Office Communication Devices GmbH &

Co. KG (SHC) que por su parte continuó el negocio Gigaset

de la Siemens AG. Las posibles declaraciones de la

Siemens AG o de la SHC en las instrucciones de uso se

deben entender por lo tanto como declaraciones de la Giga-

set Communications GmbH.

Le deseamos que disfrute con su Gigaset.

SCaros clientes,

Gigaset Communications GmbH é a sucessora legal da Sie-

mens Home and Office Communication Devices GmbH &

Co. KG (SHC), que, por sua vez, deu continuidade ao sector

de negócios Gigaset, da Siemens AG. Quaisquer declara-

ções por parte da Siemens AG ou da SHC encontradas nos

manuais de utilização deverão, portanto, ser consideradas

como declarações da Gigaset Communications GmbH.

Desejamos que tenham bons momentos com o seu Gigaset.

Issued by

Gigaset Communications GmbH

Schlavenhorst 66, D-46395 Bocholt

Gigaset Communications GmbH is a trademark

licensee of Siemens AG

Kære Kunde,

Gigaset Communications GmbH er retlig efterfølger til Sie-

mens Home and Office Communication Devices GmbH &

Co. KG (SHC), som fra deres side videreførte Siemens AGs

Gigaset-forretninger. Siemens AGs eller SHCs eventuelle

forklaringer i betjeningsvejledningerne skal derfor forstås

som Gigaset Communications GmbHs forklaringer.

Vi håber, du får meget glæde af din Gigaset.

Arvoisa asiakkaamme,

Gigaset Communications GmbH on Siemens Home and

Office Communication Devices GmbH & Co. KG (SHC)-yri-

tyksen oikeudenomistaja, joka jatkoi puolestaan Siemens

AG:n Gigaset-liiketoimintaa. Käyttöoppaissa mahdollisesti

esiintyvät Siemens AG:n tai SHC:n selosteet on tämän

vuoksi ymmärrettävä Gigaset Communications GmbH:n

selosteina.

Toivotamme Teille paljon iloa Gigaset-laitteestanne.

Kära kund,

Gigaset Communications GmbH övertar rättigheterna från

Siemens Home and Office Communication Devices GmbH &

Co. KG (SHC), som bedrev Gigaset-verksamheten efter Sie-

mens AG. Alla förklaringar från Siemens AG eller SHC i

användarhandboken gäller därför som förklaringar från

Gigaset Communications GmbH.

Vi önskar dig mycket nöje med din Gigaset.

Kjære kunde,

Gigaset Communications GmbH er rettslig etterfølger etter

Siemens Home and Office Communication Devices GmbH &

Co. KG (SHC), som i sin tur videreførte Gigaset-geskjeften i

Siemens AG. Eventuelle meddelelser fra Siemens AG eller

SHC i bruksanvisningene er derfor å forstå som meddelelser

fra Gigaset Communications GmbH.

Vi håper du får stor glede av din Gigaset-enhet.

Αγαπητή πελάτισσα, αγαπητέ πελάτη,

η Gigaset Communications GmbH είναι η νομική διάδοχος της

Siemens Home and Office Communication Devices GmbH &

Co. KG (SHC), η οποία έχει αναλάβει την εμπορική

δραστηριότητα Gigaset της Siemens AG. Οι δηλώσεις της

Siemens AG ή της SHC στις οδηγίες χρήσης αποτελούν

επομένως δηλώσεις της Gigaset Communications GmbH.

Σας ευχόμαστε καλή διασκέδαση με τη συσκευή σας Gigaset.

Poštovani korisnici,

Gigaset Communications GmbH pravni je sljednik tvrtke

Siemens Home and Office Communication Devices GmbH &

Co. KG (SHC), koji je nastavio Gigaset poslovanje tvrtke

Siemens AG. Zato sve izjave tvrtke Siemens AG ili SHC koje

se nalaze u uputama za upotrebu treba tumačiti kao izjave

tvrtke Gigaset Communications GmbH.

Nadamo se da sa zadovoljstvom koristite svoj Gigaset

uređaj.

Spoštovani kupec!

Podjetje Gigaset Communications GmbH je pravni naslednik

podjetja Siemens Home and Office Communication Devices

GmbH & Co. KG (SHC), ki nadaljuje dejavnost znamke

Gigaset podjetja Siemens AG. Vse izjave podjetja Siemens

AG ali SHC v priročnikih za uporabnike torej veljajo kot izjave

podjetja Gigaset Communications GmbH.

Želimo vam veliko užitkov ob uporabi naprave Gigaset.

Subject to availability. Rights of modifications

reserved.

www.gigaset.com

Summary of Contents for Siemens GIGASET EUROSET 2015

Page 1 Nadamo se da sa zadovoljstvom koristite svoj Gigaset de la Siemens AG. Las posibles declaraciones de la uređaj. Siemens AG o de la SHC en las instrucciones de uso se deben entender por lo tanto como declaraciones de la Giga- Spoštovani kupec! set Communications GmbH.
Page 2 Devices GmbH & Co. KG (SHC), kroz koju je nastavljeno poslovanje kompanije Gigaset kao dela Siemens AG. Stoga sve izjave od strane Siemens AG ili SHC koje se mogu naći u korisničkim uputstvima treba tumačiti kao izjave kompanije Gigaset Communications GmbH.
Page 3 ,0HQJIU]UXVV$QIDQJIP HXURVHW$(%; 8VHU nV*XLGH 0RGHGnHPSORL HXURVHW jÓ°¯}Ò«¹º ª}°¹ãÈÈÒÒ 5HSHUWRU\NH\V 7RXFKHVGHVÃOHFWLRQ j ä ËÓÓ© Ë}ãÈmÒ Ò euroset 2015 /RXGVSHDNHU 0LFURSKRQH +DXWSDUOHXU 0LFURSKRQH i ÒÓÈä Ò} l Ò}¯ºÁ ºÓ ([SODQDWLRQRINH\VDQGGLVSOD\V\PEROV " .H\V 6HWNH\ 0XWHNH\ 6KLIWNH\ /RXGVSHDNHUNH\ &DOOGXUDWLRQNH\ 0LQXV3OXVNH\ 5HFDOONH\ /RFNNH\ 5HGLDONH\ 6SHFLDOIXQFWLRQ 'LVSOD\V\PEROV LQVDYHPRGH...
Page 4 ,0HQJIU]UXVV$QIDQJIP HXURVHW$(%; ([SOLFDWLRQVVXUOHVWRXFKHVHWV\PEROHVGHOnDIILFKHXU " 7RXFKHV 7RXFKH3URJUDPPD 7RXFKH6HFUHW0XWH WLRQ 7RXFKH0$- 7RXFKH+DXWSDUOHXU 7RXFKH'XUÃHGHOD 7RXFKH0RLQV3OXV FRPPXQLFDWLRQ 7RXFKH'RXEOHDSSHO 7RXFKH9HUURXLOODJH 7RXFKH%,6 )RQFWLRQVVSÃFLDOHV $IILFKHXU 0RGHSURJUDPPDWLRQ 7ÃOÃSKRQHYHUURXLOOÃ RRRR 1XPÃURGnDSSHO 7RXFKH0$-DSSX\ÃH H 0LFURGÃVDFWLYÃ (QPRGHYRFDO 7RXFKH'RXEOHDSSHO r 7RXFKH DSSX\ÃH DSSX\ÃH 3UÄWºIRQFWLRQQHU r 7RXFKH DSSX\ÃH &XUVHXU 6LJQDOGnDSSHODFWLYÃ 3DXVH 5HQYRLLPPÃGLDWDFWLYÃ...
Page 5 ,0HQJIU]UXVV$QIDQJIP HXURVHW$(%; *HWWLQJVWDUWHG 0LVHHQVHUYLFH {mºmª}°¹ãÈÈÒ &RQQHFWLRQ VHHGLDJUDP $WWDFKWKHKDQGVHWFRUGDQGFRQQHFWWKHSKRQHFRUGWRWKHZDOOVRFNHW
Page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
Page 7 ,0HQJIP HXURVHW$(%; 6WRULQJGHOHWLQJDKRWNH\QXPEHU ,IWKHWHOHSKRQHLVORFNHGVHHp/RFNLQJXQORFNLQJWKHWHOHSKRQHoRQ " SDJH WKHKRWNH\QXPEHULVDXWRPDWLFDOO\GLDOHGZKHQDQ\NH\LV SUHVVHGH[FHSW > "l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
Page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
Page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
Page 10 ,0HQJIP HXURVHW$(%; 5GEWTKV[NQEMECNNFWTCVKQPFKURNC[ 7KHWHOHSKRQHFDQEHORFNHGWRSUHYHQWXQDXWKRUL]HGXVH"l &KDQJLQJWKH3,1 /LIWWKHKDQGVHWWKHQVWDUWWKHIXQFWLRQ (QWHUWKHSUHYLRXVIRXUGLJLW3,1 IDFWRU\VHWWLQJ (QWHUWKHQHZIRXUGLJLW3,1. "< 5HSHDWWKHQHZ3,1 3UHVVWKHVHWNH\WKHQUHSODFHWKHKDQGVHW ,I\RXIRUJHW\RXU3,1\RXZLOOKDYHWRFRQWDFW\RXUVSHFLDOLVWGHDO >"l /RFNLQJXQORFNLQJUHSHUWRU\QXPEHUVWRSUHYHQWFKDQJHV /LIWWKHKDQGVHWWKHQVWDUWWKHIXQFWLRQ ,IQHFHVVDU\SUHVV WRORFNXQORFNDQGOHYHO UHSHUWRU\NH\ (QWHUWKH3,1IDFWRU\VHWWLQJ 5HSHUWRU\NH\VQRWORFNHG "< 5HSHUWRU\NH\VORFNHG 3UHVVWKHVHWNH\WKHQUHSODFHWKHKDQGVHW /RFNLQJXQORFNLQJWKHWHOHSKRQH 2QO\WKHKRWNH\QXPEHUFDQEHGLDOHGZKHQWKHWHOHSKRQHLVORFNHGVHH >"l p'LDOLQJDKRWNH\QXPEHUoRQSDJH /LIWWKHKDQGVHWWKHQVWDUWWKHIXQFWLRQ XQORFN ORFN "< (QWHUWKH3,1 3UHVVWKHVHWNH\WKHQUHSODFHWKHKDQGVHW RRRR...
Page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
Page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
Page 13 ,0HQJIP HXURVHW$(%; 8VLQJWKHUHSHUWRU\NH\VDVpIXQFWLRQNH\Vp 9DULRXVVHUYLFHVIXQFWLRQVRQSXEOLFWHOHSKRQHV\VWHPVZKLFKPD\UH TXLUHDVSHFLDORUGHUDSSOLFDWLRQFDQEHVHOHFWHGXVLQJGHILQHGNH\FRP ELQDWLRQVWKDWFDQEHREWDLQHGIURP\RXURSHUDWRU7KHQHFHVVDU\NH\FRP ELQDWLRQVFDQEHVDYHGRQUHSHUWRU\NH\VDVQRUPDOFDOOQXPEHUVDQGFDQ EHpGLDOHGoDQGGHDFWLYDWHGLQWKHXVXDOZD\ 1RWH ,I\RXDFWLYDWHWKHV\PEROGLVSOD\DQGVWRUHIXQFWLRQVRQWKHQGOHYHORI WKHUHSHUWRU\NH\VWKHQ\RXFDQXVHWKHpIXQFWLRQNH\Vo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
Page 14 ,0HQJIP HXURVHW$(%; ([DPSOHFDOOIRUZDUGLQJ 7KHIROORZLQJLVDQH[DPSOHRIKRZWRXVHUHSHUWRU\NH\VDVpIXQFWLRQ NH\Vp,IWKHV\PEROGLVSOD\LVDFWLYDWHGDQGpFDOOIRUZDUGLQJoLVVHOHFWHG IRUH[DPSOHWKHQWKHUHOHYDQWV\PEROLQWKHGLVSOD\DSSHDUVZKHQWKHVHU YLFHLVDFWLYDWHGDQGGLVDSSHDUVZKHQLWLVGHDFWLYDWHG 7KHNH\VHTXHQFHIRUDFWLYDWLQJWKHpFDOOIRUZDUGLQJLPPHGLDWHO\oIXQFWLRQ RQ\RXURSHUDWRUnVV\VWHPPD\FRQVLVWRIWKUHHSDUWV $FWLYDWHIXQFWLRQ &DOOIRUZDUGLQJGHVWLQDWLRQ (QGIXQFWLRQ &DOOQXPEHURIWKHFDOOIRUZDUGLQJ GHVWLQDWLRQ 7KHIROORZLQJRSWLRQVDUHDYDLODEOHWR\RX 'LDOWKHFRPSOHWHNH\VHTXHQFHHDFKWLPHXVLQJWKHNH\V 6WRUHWKHNH\VHTXHQFHRQUHSHUWRU\NH\V D DVDQHQWLUHIXQFWLRQWRJHWKHUZLWKWKHFDOOQXPEHURIDIL[HGFDOO IRUZDUGLQJGHVWLQDWLRQ E MXVWWRVWDUWDQGVWRSWKHIXQFWLRQ"a q 6WRULQJFDOOIRUZDUGLQJRQDIXQFWLRQNH\ /LIWWKHKDQGVHWRUSUHVVWKHORXGVSNNH\ WKHQ VWDUWWKHIXQFWLRQ 3UHVVWKHUHSHUWRU\NH\IRUV\PEROGLVSOD\p RQo VHHp$FWLYDWLQJGHDFWLYDWLQJWKHV\PEROGLVSOD\oRQ SDJH $QDOUHDG\VWRUHGFDOOQXPEHUDSSHDUVRQWKHGLVSOD\ ,IWKHPHPRU\IRUWKLVUHSHUWRU\NH\LVHPSW\WKHGLV SOD\VKRZV...
Page 15 ,0HQJIP HXURVHW$(%; >a q $FWLYDWLQJFDOOIRUZDUGLQJZLWKDIXQFWLRQNH\ /LIWWKHKDQGVHWRUSUHVVWKHORXGVSNNH\ WKHQ SUHVVWKHVKLIWNH\ 3UHVVWKHUHSHUWRU\NH\WRGLVSOD\WKHp RQoV\PERO DSSHDUVRQWKHGLVSOD\ D 'HILQHWKHFDOOQXPEHURIWKHFDOOIRUZDUGLQJ GHVWLQDWLRQ "a...
Page 16 ,0HQJIP HXURVHW$(%; #FFKVKQPCNKPHQTOCVKQP 5HFRPPHQGDWLRQVIRUWHOHSKRQHLQVWDOODWLRQ q 'RQRWH[SRVHWKHWHOHSKRQHWRGLUHFWVXQOLJKWRURWKHUKHDWVRXUFHV q 2SHUDWLRQDWWHPSHUDWXUHVEHWZHHQ&DQG& q $GLVWDQFHRIDWOHDVWRQHPHWHUPXVWEHREVHUYHGEHWZHHQWKHWHOH SKRQHDQGUDGLRHTXLSPHQWVXFKDVUDGLRWHOHSKRQHVUDGLRSDJLQJGH YLFHVRU79V 2WKHUZLVHWHOHSKRQHWUDIILFFDQEHDIIHFWHG q 'RQRWLQVWDOOWKHWHOHSKRQHLQURRPVZKHUHODUJHTXDQWLWLHVRIGXVWDF FXPXODWHDVWKLVFDQFRQVLGHUDEO\UHGXFHWKHVHUYLFHOLIHRIWKHWHOH SKRQH q 7RFOHDQWKHWHOHSKRQHVLPSO\ZLSHLWZLWKDGDPSFORWKRUDQDQWLVWDWLF ZLSH1HYHUXVHDGU\FORWKGDQJHURIHOHFWURVWDWLFGLVFKDUJHRUDEUD VLYHFOHDQLQJDJHQWV q &RQWDFWZLWKXQLWSDUWVHJUXEEHUIHHWFDQOHDYHPDUNVRQVXUIDFHILQ LVKHVDSSOLHGWRIXUQLWXUH ,I\RXUWHOHSKRQHLVQRWIXQFWLRQLQJFRUUHFWO\ 1RWRQHORXGVSNNH\IODVKHVLQULQJHUUK\WKP7KHWRQHULQJLQJYROXPH PD\EHVHWWR +DQGVHWRIIKRRNQRGLDOWRQHLVWKHFRQQHFWLQJFRUGFRUUHFWO\LQVHUWHG LQWKHWHOHSKRQHDQGWKHZDOOVRFNHW" $GLDOWRQHLVDXGLEOHEXWGLDOLQJLVQRWSRVVLEOHWKHFRQQHFWLRQLV2. ,VWKHGLDOLQJPRGHFRUUHFWO\VHW"6HHp6ZLWFKLQJWKHGLDOLQJPRGHoRQ SDJH 3$%;VRQO\&RQQHFWLRQIDLOVRULVLQFRUUHFWZKHQDQXPEHULVGLDOHG IURPPHPRU\HJUHGLDOVSHHGGLDOLQJSURJUDPWKHH[FKDQJHFRGH 7KHRWKHUSDUW\FDQQRWKHDU\RXKDVWKHPXWHNH\EHHQDFWLYDWHG" 3UHVVWKHNH\DJDLQ,VWKHKDQGVHWFRUGFRQQHFWRULQVHUWHGFRUUHFWO\" 5HFDOONH\QRWZRUNLQJVHWDVXLWDEOHIODVKWLPH &RQWDFWV
Page 17 ,0IU]IP HXURVHW$(%; %QPUKIPGUFGU¾EWTKV¾ 3RXUYRWUHVÃFXULWÃQnXWLOLVH]MDPDLVOHWÃOÃSKRQHGDQVXQHVDOOHGHEDLQRX XQHGRXFKHORFDX[KXPLGHV/nDSSDUHLOQnHVWSDVSURWÃJÃFRQWUHOHVSUR WHFWLRQVGnHDX /RUVGHODPLVHDXUHEXWGXWÃOÃSKRQHUHVSHFWH]OHVUÂJOHVGHSURWHFWLRQ GHOnHQYLURQQHPHQW /RUVTXHYRXVFRQILH]On(XURVHWºXQHWLHUFHSHUVRQQHQnRXEOLH]SDVGH MRLQGUHOHPRGHGnHPSORL +PUVTWEVKQPUI¾P¾TCNGURQWTGPTGIKUVTGTNGU T¾INCIGUFWV¾N¾RJQPG " 'LIIÃUHQWVUÃJODJHVGXWÃOÃSKRQHGRLYHQWÄWUHYDOLGÃVSDUODWRXFKH3UR JUDPPDWLRQ DILQGnÄWUHHQUHJLVWUÃV " 3RXUDQQXOHUODSURFÃGXUHGHUÃJODJHSH[DSUÂVXQHHQWUÃHHUURQÃH VDQVHQUHJLVWUHUUDFFURFKH]OHFRPELQÃDXOLHXGnDSSX\HUVXU /HUÃ JODJHSUÃFÃGHQWHVWDLQVLFRQVHUYÃ 'PTGIKUVTGTNGUPWO¾TQU (QUHJLVWUHUOHVQXPÃURVGHGHVWLQDWLRQ%ORFQRWHV (QXWLOLVDQWOHVGHX[QLYHDX[GHVWRXFKHVGHGHVWLQDWLRQYRXVSRXYH]PÃ >" PRULVH]QXPÃURVDXWRWDO 'ÃFURFKH]OHFRPELQÃSXLVDSSX\H]VXUODWRXFKH 3URJUDPPDWLRQ3RXUOH QLYHDXGnHQUHJLVWUHPHQW DSSX\H]HQSOXVVXU $SSX\H]VXUODWRXFKHGHGHVWLQDWLRQVRXVODTXHOOH VHUDHQUHJLVWUÃOHQXPÃURGHGHVWLQDWLRQ 6LXQQXPÃURHVWGÃMºHQUHJLVWUÃLOVnDIILFKH6LODPÃ PRLUHGHFHWWHWRXFKHHVWYLGHOHV\PEROH DSSD UDÈW (QWUH]OHQXPÃURºHQUHJLVWUHUFKLIIUHVPD[L (QUHJLVWUHUDYHFODIRQFWLRQ%ORFQRWHV $SSX\H]SOXVLHXUVIRLVVXUODWRXFKH%,6MXVTXnºFH TXHOHQXPÃURºHQUHJLVWUHUDSSDUDLVVHVXUOnDIIL "<...
Page 18 ,0IU]IP HXURVHW$(%; (QUHJLVWUHU(IIDFHUXQQXPÃURGnDSSHOGLUHFW " /RUVTXHOHWÃOÃSKRQHHVWYHUURXLOOÃYRLUp9HUURXLOOHU'ÃYHUURXLOOHUOHWÃOÃ SKRQHoSDJH DSSX\H]VXUXQHWRXFKHTXHOFRQTXHVDXI >"l SRXUFRPSRVHUDXWRPDWLTXHPHQWOHQXPÃURGnDSSHOGLUHFW 'ÃFURFKH]OHFRPELQÃSXLVDFWLYH]ODIRQFWLRQ (QWUH]OHFRGH3,1UÃJODJHXVLQH /HQXPÃURGnDSSHOGLUHFWVnDIILFKH6LDXFXQQXPÃUR GnDSSHOGLUHFWQnHVWHQUHJLVWUÃYRLU (QWUH]OHQXPÃURGnDSSHOGLUHFWFKLIIUHVPD[L "< (IIDFH]OHQXPÃURGnDSSHOGLUHFW $SSX\H]VXU3URJUDPPDWLRQSXLVUDFFURFKH] %QORQUGTWPPWO¾TQ > &RPSRVHUXQQXPÃUR 'ÃFURFKH]OHFRPELQÃRXDSSX\H]VXUODWRXFKH +DXWSDUOHXU &RPSRVH]OHQXPÃUR $SUÂVOH FKLIIUHOnHQWUÃHGHFKLIIUHVVXSSOÃPHQWDLUHVSURYRTXHOHGÃFD ODJHGXQXPÃURHQWLHUGHODGURLWHYHUVODJDXFKH$SDUWLUGHOD SRVLWLRQ YRXVSRXYH]DSSX\HUVXU SRXULQVÃUHUXQHSDXVHGHVHFRQGHV > &RPSRVHUºOnDLGHGHVWRXFKHVGHGHVWLQDWLRQ 'ÃFURFKH]OHFRPELQÃRXDSSX\H]VXUODWRXFKH +DXWSDUOHXU 6LQÃFHVVDLUHDSSX\H]VXU SRXUOH QLYHDXGH ODWRXFKHGHGHVWLQDWLRQ $SSX\H]VXUODWRXFKHGHGHVWLQDWLRQ -HDQ 5ÃSÃWLWLRQGHODQXPÃURWDWLRQ%LVXQGHVGHUQLHUV QXPÃURVFRPSRVÃV /HVGHUQLHUVQXPÃURVGLIIÃUHQWVFRPSRVÃVFKLIIUHVPD[LFKDFXQ...
Page 19 ,0IU]IP HXURVHW$(%; 'EQWVGTGV¿VTGGPVGPFW 5ÃJOHUOHYROXPHGHODVRQQHULH /HYROXPHGHODVRQQHULHSHXWÄWUHUÃJOÃVXUQLYHDX[UÃJODJHXVLQH >" 5ÃJODJHORUVTXHOHWÃOÃSKRQHHVWHQSRVLWLRQUHSRV 'ÃFURFKH]OHFRPELQÃHWDFWLYH]ODIRQFWLRQ 8QHWRQDOLWÃGHFRQWUÎOHHVWÃPLVH $SSX\H]VXUODWRXFKH3OXVRX0RLQV RX &KDTXHDSSXLGHWRXFKHDXJPHQWHRXGLPLQXHOHYR "< OXPH $SSX\H]VXU3URJUDPPDWLRQSXLVUDFFURFKH] 5ÃJODJHSHQGDQWTXHOHWÃOÃSKRQHVRQQH $YDQWGHGÃFURFKHUDSSX\H]VXUOnXQHGHVWRXFKHV /DGHUQLÂUHYDOHXUUÃJOÃHHVWHQUHJLVWUÃH 5ÃJOHUODIUÃTXHQFHGHODVRQQHULH >" /DIUÃTXHQFHYLWHVVHGHODVRQQHULHHVWUÃJODEOHVXUQLYHDX[ UÃJODJH XVLQHQLYHDX 'ÃFURFKH]OHFRPELQÃHWDFWLYH]ODIRQFWLRQ 8QHWRQDOLWÃGHFRQWUÎOHHVWÃPLVH $SSX\H]VXUOnXQHGHVWRXFKHV RX "< IUÃTXHQFHPLQLPDOH IUÃTXHQFHPD[LPDOH $SSX\H]VXU3URJUDPPDWLRQSXLVUDFFURFKH] 5ÃJOHUODPÃORGLH 3RXUODVRQQHULHYRXVDYH]OHFKRL[HQWUHPÃORGLHVUÃJODJHXVLQH >" PÃORGLH 'ÃFURFKH]OHFRPELQÃHWDFWLYH]ODIRQFWLRQ /DPÃORGLHUÃJOÃHHVWÃPLVHSRXUFRQWUÎOH...
Page 20 ,0IU]IP HXURVHW$(%; $FWLYHU'ÃVDFWLYHUOnÃFRXWHDPSOLILÃH /HVSHUVRQQHVSUÃVHQWHVGDQVODSLÂFHSHXYHQWÃFRXWHUODFRPPXQLFDWLRQ VXUOHKDXWSDUOHXU (QFRXUVGHFRPPXQLFDWLRQDSSX\H]VXUODWRXFKH +DXWSDUOHXU 'ÃVDFWLYHUOnÃFRXWHDPSOLILÃHDSSX\H]XQHQRXYHOOH IRLVVXUODWRXFKH /RUVTXHOHKDXWSDUOHXUHVWDFWLYÃHWTXHOHFRPELQÃHVWGÃFURFKÃ OnÃFRXWHDPSOLILÃHHVWDFWLYÃH/HPLFURSKRQHPDLQVOLEUHVHVWGÃVDFWLYÃ /RUVTXHOHKDXWSDUOHXUHVWDFWLYÃHWTXHOHFRPELQÃHVWUDFFURFKÃOD IRQFWLRQPDLQVOLEUHVYLDOHPLFURSKRQHPDLQVOLEUHVHVWDFWLYÃH $FWLYHU'ÃVDFWLYHUODIRQFWLRQPDLQVOLEUHV 6XUOHWÃOÃSKRQHYRXVSRXYH]WÃOÃSKRQHUPÄPHORUVTXHOHFRPELQÃHVW UDFFURFKÃPDLQVOLEUHV/DGLVWDQFHRSWLPDOHSDUUDSSRUWDXPLFURSKRQH HVWGnHQYLURQ FP D $FWLYHUODIRQFWLRQHQFRXUVGHFRPPXQLFDWLRQVXUOH < FRPELQÃ 5DFFURFKH]HQPDLQWHQDQWODWRXFKH+DXWSDUOHXU DSSX\ÃH E $FWLYHUODIRQFWLRQDYDQWGHFRPSRVHUOHQXPÃUR $YDQWGHQXPÃURWHUDSSX\H]VXUODWRXFKH+DXW SDUOHXU /DIRQFWLRQPDLQVOLEUHVHVWDFWLYÃH > 'ÃVDFWLYHUODIRQFWLRQPDLQVOLEUHV 'ÃFURFKH]OHFRPELQÃHQFRXUVGHFRPPXQLFDWLRQ 6HFUHW0XWH 9RXVSRXYH]GÃVDFWLYHUOHPLFURSKRQHGXFRPELQÃDILQTXHYRWUHFRUUHV SRQGDQWQHYRXVHQWHQGHSOXV (QFRXUVGHFRPPXQLFDWLRQDSSX\H]VXUODWRXFKH6HFUHW 5ÃDFWLYHUOHPLFURSKRQHDSSX\H]GHQRXYHDXVXUODWRXFKH $FWLYHUGÃVDFWLYHUODPXVLTXHGnDWWHQWH /DPXVLTXHGnDWWHQWHGLIIXVÃHHQOLDLVRQDYHFODIRQFWLRQ6HFUHWSHXWÄWUH >...
Page 21 ,0IU]IP HXURVHW$(%; 5ÃJOHUOHYROXPHGnÃFRXWHGXFRPELQÃ /HYROXPHGXFRPELQÃSHXWÄWUHUÃJOÃVXUQLYHDX[ >" UÃJODJHXVLQHQLYHDX 'ÃFURFKH]OHFRPELQÃHWDFWLYH]ODIRQFWLRQ $SSX\H]VXUODWRXFKH3OXVRX0RLQV "< &KDTXHDSSXLGHWRXFKHDXJPHQWHRXGLPLQXHOHYR OXPH $SSX\H]VXU3URJUDPPDWLRQSXLVUDFFURFKH] 5¾EWTKV¾XGTTQWKNNCIGCHHKEJCIGFGNCFWT¾G FGNCEQOOWPKECVKQP 9RXVSRXYH]YHUURXLOOHUYRWUHWÃOÃSKRQHSRXUHPSÄFKHUXQHXWLOLVDWLRQ DEXVLYH3RXUSRXYRLUXWLOLVH]FHVIRQFWLRQVYRXVGHYH]HQWUHUSUÃDODEOH PHQWYRWUHFRGHFRQILGHQWLHO3,1 >"l 0RGLILHUOHFRGH3,1 'ÃFURFKH]OHFRPELQÃHWDFWLYH]ODIRQFWLRQ (QWUH]OnDQFLHQFRGH3,1ºTXDWUHFKLIIUHV UÃJODJHXVLQH (QWUH]OHQRXYHDXFRGH3,1ºTXDWUHFKLIIUHV. "< 5ÃSÃWH]OHQRXYHDXFRGH3,1 $SSX\H]VXU3URJUDPPDWLRQHWUDFFURFKH] 6LYRXVDYH]RXEOLÃYRWUHFRGH3,1DGUHVVH]YRXVºYRWUHUHYHQ GHXU 9HUURXLOOHU'ÃYHUURXLOOHUODPRGLILFDWLRQGHVQXPÃURV >"l GH GHVWLQDWLRQ 'ÃFURFKH]OHFRPELQÃHWDFWLYH]ODIRQFWLRQ $SSX\H]VXU SRXUDFWLYHUGÃVDFWLYHUODWRXFKH GHGHVWLQDWLRQDXHQLYHDXGnHQUHJLVWUHPHQW (QWUH]OHFRGH3,1UÃJODJHXVLQH WRXFKHVGHGHVWLQDWLRQQRQYHUURXLOOÃHV "<...
Page 22 ,0IU]IP HXURVHW$(%; 'ÃVDFWLYHUWHPSRUDLUHPHQWOHYHUURXLOODJHGXWÃOÃSKRQH >lJ SRXUXQHFRPPXQLFDWLRQ 'ÃFURFKH]OHFRPELQÃDSSX\H]VXUODWRXFKHGHYHU URXLOODJHHWHQWUH]OHFRGH3,1 &RPSRVH]OHQXPÃUR 8QHIRLVOHFRPELQÃUDFFURFKÃOHYHUURXLOODJHGXWÃ OÃSKRQHHVWGHQRXYHDXDFWLYÃ $FWLYHU'ÃVDFWLYHUOnDIILFKDJHGHODGXUÃHGHODFRPPXQLFDWLRQ 9RWUHWÃOÃSKRQHSHXWDIILFKHUODGXUÃHGHODFRPPXQLFDWLRQ6LOnDIILFKDJH GHODGXUÃHGHODFRPPXQLFDWLRQHVWDFWLYÃLOGÃEXWHVHFRQGHVDSUÂVOD > FRPSRVLWLRQGXGHUQLHUFKLIIUHGXQXPÃUR " 'ÃFURFKH]OHFRPELQÃ HWDFWLYH]ODIRQFWLRQ GÃVDFWLYHUOnDIILFKDJHGHODGXUÃHGHOD RX FRPPXQLFDWLRQ DFWLYHUOnDIILFKDJHGHODGXUÃHGHOD "< FRPPXQLFDWLRQ $SSX\H]VXU3URJUDPPDWLRQHWUDFFURFKH] $SSX\H]VXU SRXUUHGÃPDUUHUOHGÃFRPSWHGHODGXUÃHHQFRXUVGH FRPPXQLFDWLRQ 7VKNKUCVKQPCXGEWPEGPVTCNRTKX¾ (QWUHUHIIDFHUXQLQGLFDWLIUÃVHDX 6LYRXVXWLOLVH]YRWUHWÃOÃSKRQHGHUULÂUHXQFHQWUDOSULYÃLOHVWSHXWÄWUHQÃ FHVVDLUHTXHYRXVPÃPRULVLH]XQRXSOXVLHXUVLQGLFDWLIVUÃVHDX/RUVGH OnHQUHJLVWUHPHQWGXOnLQGLFDWLIUÃVHDXXQHSDXVHGH VHFRQGHVHVWDXWR >" PDWLTXHPHQWDMRXWÃH 'ÃFURFKH]OHFRPELQÃHWDFWLYH]ODIRQFWLRQ 6LDXFXQLQGLFDWLIUÃVHDXQnHVWSURJUDPPÃOHV\PER DSSDUDÈW 6LXQRXSOXVLHXUVLQGLFDWLIVUÃVHDXVRQWHQUHJLVWUÃV...
Page 23 ,0IU]IP HXURVHW$(%; >" 0RGLILHUOHPRGHGHQXPÃURWDWLRQ 'ÃFURFKH]OHFRPELQÃHWDFWLYH]ODIRQFWLRQ 1XPÃURWDWLRQ)9 "< RX 1XPÃURWDWLRQ'&VDQVIRQFWLRQIODVKLQJ $SSX\H]VXU3URJUDPPDWLRQSXLVUDFFURFKH] 0RGLILHUOHPRGHGHQXPÃURWDWLRQHQFRXUVGH FRPPXQLFDWLRQ 6LYRWUHWÃOÃSKRQHHVWUÃJOÃVXUODQXPÃURWDWLRQ'&HWTXHYRXVVRXKDLWH] XWLOLVHUGHVIRQFWLRQVQÃFHVVLWDQWODQXPÃURWDWLRQ)9SDUH[HPSOHLQWHUUR JDWLRQºGLVWDQFHGnXQUÃSRQGHXUYRXVSRXYH]FKDQJH]GHPRGHGHQX PÃURWDWLRQHQFRXUVGHFRPPXQLFDWLRQ 8QHIRLVODFRPPXQLFDWLRQÃWDEOLHDSSX\H]VXUOD WRXFKH(WRLOH /HPRGHGHQXPÃURWDWLRQHVWPRGLILÃ (QWUH]OHVFKLIIUHVFRUUHVSRQGDQWºODWÃOÃFRP PDQGHDXWUDQVIHUWGHGRQQÃHV 6LYRXVUHSRVH]OHFRPELQÃOHWÃOÃSKRQHUHYLHQWDXPRGHGHQXPÃURWDWLRQ LQLWLDO 7RXFKH'RXEOHDSSHOXWLOLVDWLRQDYHFFHQWUDOSULYÃ (QFRXUVGHFRPPXQLFDWLRQYRXVSRXYH]ÃWDEOLUXQGRXEOHDSSHORXWUDQV IÃUHUXQDSSHO3RXUFHODDSSX\H]VXUODWRXFKH'RXEOHDSSHO /DVXLWH GHVFRPPDQGHVHVWIRQFWLRQGHYRWUHFHQWUDO(QUÃJODJHXVLQHODWRXFKH 'RXEOHDSSHOHVWSUÃUÃJOÃHVXUXQIODVKLQJLQWHUUXSWLRQGH PVDILQGH SHUPHWWUHOnXWLOLVDWLRQGHVQRXYHDX[VHUYLFHVGLVSRQLEOHVVXUOHVV\VWÂPHV WÃOÃSKRQLTXHVSXEOLFV(QFDVGHUDFFRUGHPHQWºXQFHQWUDOSULYÃLOSHXW ÄWUHQÃFHVVDLUHGHPRGLILHUODGXUÃHGXIODVKLQJSH[PV&RQVXOWH] ÃJDOHPHQWOHPRGHGnHPSORLGHYRWUHFHQWUDO > " 5ÃJOHUODGXUÃHGXIODVKLQJGHODWRXFKH'RXEOHDSSHO 'ÃFURFKH]OHFRPELQÃHWDFWLYH]ODIRQFWLRQ (QWUH]OHFKLIIUHVRXKDLWÃFRUUHVSRQGDQWºOD...
Page 24 ,0IU]IP HXURVHW$(%; 7VKNKUGTNGUHQPEVKQPUFGUUGTXKEGUUWRRN¾ OGPVCKTGUUWTNGUU[UV½OGUV¾N¾RJQPKSWGU RWDNKEU 6LYRXVVRXKDLWH]XWLOLVHUGHVVHUYLFHVFRPPDQGÃVSDUODWRXFKH'RXEOH DSSHOYRXVGHYH]SUÃDODEOHPHQWYRXVDVVXUHUTXHODGXUÃHGHIODVKLQJ FRUUHFWHDÃWÃUÃJOÃHVXUODWRXFKH 7RXFKH'RXEOHDSSHOXWLOLVDWLRQVXUOHVV\VWÂPHVWÃOÃSKRQL TXHVSXEOLFV 6XUOHVV\VWÂPHVWÃOÃSKRQLTXHVSXEOLFVFHWWHWRXFKHVHUWºXWLOLVHUFHU WDLQVVHUYLFHVVXSSOÃPHQWDLUHV 5HPDUTXH (QIRQFWLRQGXSD\VLOIDXWDYDQWGnXWLOLVHUODWRXFKH'RXEOHDSSHOUÃJOHU ODGXUÃHGHIODVKLQJDSSURSULÃHYRLUp5ÃJOHUODGXUÃHGXIODVKLQJGHODWRX FKH'RXEOHDSSHOoSDJH 9RXVV\VWÂPHWÃOÃSKRQLTXHSXEOLFSHXWYRXV SURSRVHUrÃYHQWXHOOHPHQWDYHFGHPDQGHDERQQHPHQWVSÃFLDOrGHVVHU YLFHVVXSSOÃPHQWDLUHVXWLOHVSH[3UÃVHQWDWLRQGXQXPÃUR5HQYRLGnDS SHO5DSSHOVLRFFXSÃ$ODUPHHWF 8WLOLVHUOHVWRXFKHVGHGHVWLQDWLRQFRPPH WRXFKHVGH IRQFWLRQ 'LIIÃUHQWVVHUYLFHVIRQFWLRQQDOLWÃVGHVV\VWÂPHVWÃOÃSKRQLTXHVrFHOD SHXWQÃFHVVLWHUÃYHQWXHOOHPHQWXQHGHPDQGHXQDERQQHPHQWVSÃFLDOr SHXYHQWÄWUHVÃOHFWLRQQÃVºOnDLGHGnXQHFRPELQDLVRQSDUWLFXOLÂUHGHWRX FKHVTXLYRXVHVWFRPPXQLTXÃHSDUYRWUHRSÃUDWHXU9RXVSRXYH]HQUH JLVWUHUFHVFRPELQDLVRQVGHWRXFKHVFRPPHGHVQXPÃURVQRUPDX[VXUOHV WRXFKHVGHGHVWLQDWLRQSXLVpVÃOHFWLRQQHUoDLQVLOHVHUYLFHHWOHGÃVDFWLYHU 5HPDUTXH /RUVTXHYRXVDYH]DFWLYÃOnDIILFKDJHGHVV\PEROHVHWTXHYRXVHQUHJLVWUH] GHVDSSHOVGHIRQFWLRQVXUOH QLYHDXGHVWRXFKHVGHGHVWLQDWLRQYRXV SRXYH]DVVRFLHUOnDFWLYDWLRQODGÃVDFWLYDWLRQGHGLIIÃUHQWVVHUYLFHVSDU pWRXFKHGHIRQFWLRQoºOnDIILFKDJHODGLVSDULWLRQGHFHUWDLQVV\PEROHVVXU OnDIILFKHXU 9RXVGHYH]GRQFORUVTXHYRXVSDUDPÃWUH]OH QLYHDXGHVWRXFKHVGH GHVWLQDWLRQYHLOOHUºFHTXHOnDFWLYDWLRQHWODGÃVDFWLYDWLRQGHV ...
Page 25 ,0IU]IP HXURVHW$(%; /RUVTXHOnDIILFKDJHGHVV\PEROHV HVWDFWLYÃHWTXHYRXVDSSX\H]VXU OnXQHGHVWRXFKHVGHGHVWLQDWLRQVXLYDQWHVOHV\PEROHFRUUHVSRQGDQWHVW DFWLYÃRXGÃVDFWLYÃ 6\PEROH 6\PEROH DFWLYH GÃVDFWLYH DFWLYH GÃVDFWLYH DFWLYH GÃVDFWLYH DFWLYH GÃVDFWLYH DFWLYH SRXU DSSHO 5HFRPPDQGDWLRQVSRXUOnXWLOLVDWLRQGHVV\PEROHVHWGHVWRXFKHVFRU UHVSRQGDQWHV 5HQYRLLPPÃGLDW 5HQYRLVLRFFXSÃ 5HQYRLWHPSRULVÃ 6LJQDOGnDSSHO $SSHODQRQ\PH ([HPSOHUHQYRLGnDSSHO 9RXVWURXYHUH]FLGHVVRXVXQH[HPSOHGnXWLOLVDWLRQGHVWRXFKHVGHGHVWL QDWLRQFRPPHpWRXFKHVGHIRQFWLRQo6LOnDIILFKDJHGXV\PEROHHVWDFWLYÃ H[HPSOHGXp5HQYRLGnDSSHOoOHV\PEROHFRUUHVSRQGDQWDSSDUDÈWVXUOnDI ILFKHXUORUVTXHOHVHUYLFHHVWDFWLYÃHWGLVSDUDÈWORUVTXHOHVHUYLFHHVWGÃ VDFWLYÃ /DVÃTXHQFHGHWRXFKHVSRXUDFWLYHUODIRQFWLRQp5HQYRLGnDSSHOLPPÃ GLDWoFKH]YRWUHRSÃUDWHXUVHFRPSRVHGHWURLVSDUWLHV $SSHOGHODIRQFWLRQ 'HVWLQDWLRQGXUHQYRL )LQGHOD IRQFWLRQ...
Page 26 ,0IU]IP HXURVHW$(%; >"a q (QUHJLVWUHUOHUHQYRLGnDSSHOVXUXQHWRXFKHGHIRQFWLRQ 'ÃFURFKH]OHFRPELQÃRXDSSX\H]VXUODWRXFKH+DXW SDUOHXU HWDFWLYH]ODIRQFWLRQ $SSX\H]VXUODWRXFKHGHGHVWLQDWLRQSUÃYXHSRXUOnDI ILFKDJHGXV\PEROHp DFWLYÃoYRLUp$FWLYHUGÃVDFWL YHUOnDIILFKDJHGHVV\PEROHVoSDJH 6LXQQXPÃURHVWGÃMºHQUHJLVWUÃLODSSDUDÈWVXUOnDIIL FKHXU6LODPÃPRLUHGHFHWWHWRXFKHGHGHVWLQDWLRQHVW YLGHOHV\PEROH DSSDUDÈW (QWUH]OnDSSHOGHODIRQFWLRQp5HQYRLLPPÃGLDWo D,QGLTXHUOHQXPÃURGHODGHVWLQDWLRQGHUHQYRL (QWUH]OHQXPÃURGHODGHVWLQDWLRQGHUHQYRL $SSX\H]VXUODWRXFKH'LÂVHSRXUPDUTXHUODILQGHOD "< IRQFWLRQ $SSX\H]VXU3URJUDPPDWLRQSXLVUDFFURFKH] E5ÃVHUYHUXQHGHVWLQDWLRQGHUHQYRLYDULDEOH $SSX\H]VXUODWRXFKH0$- /RUVGHOnDFWLYDWLRQXOWÃULHXUHGXp5HQYRLLPPÃGLDWoºOD SODFHGHFHWWHWRXFKHVnDIILFKHUDXQFXUVHXUFOLJQRWDQW SRXUOnHQWUÃHGXQXPÃURGHODGHVWLQDWLRQGHUHQYRL $SSX\H]VXUODWRXFKH'LÂVHSRXUPDUTXHUODILQGHOD "< IRQFWLRQ $SSX\H]VXU3URJUDPPDWLRQSXLVUDFFURFKH]RXDS SX\H]VXUODWRXFKH+DXWSDUOHXU >a q $FWLYHUOHUHQYRLºOnDLGHGHODWRXFKHGHIRQFWLRQ 'ÃFURFKH]OHFRPELQÃRXDSSX\H]VXUODWRXFKH+DXW SDUOHXU SXLVDSSX\H]VXUODWRXFKH0$- $SSX\H]VXUODWRXFKHGHGHVWLQDWLRQSRXUOnDIILFKDJH...
Page 27 ,0IU]IP HXURVHW$(%; q (QUHJLVWUHUp'ÃVDFWLYHUOHUHQYRLGnDSSHOoVXUXQHWRXFKHGH IRQFWLRQ 9RXVSRXYH]GÃVDFWLYHUFKH]YRWUHRSÃUDWHXUGHUÃVHDXOHUHQYRLGnDSSHO LQGLTXÃGDQVOnH[HPSOHSUÃFÃGHQW3RXUFHODXWLOLVH]ODVÃTXHQFHGHWRX FKHVVXLYDQWH 9RXVSRXYH]HQUHJLVWUHUFHWWHVÃTXHQFHGHWRXFKHVVXUXQHWRXFKHGH GHVWLQDWLRQVSÃFLILTXH6LOnDIILFKDJHGHVV\PEROHVHVWDFWLYÃHWTXHOHVHU YLFHHVWDFWLYÃFRPPHLQGLTXÃOHV\PEROH GLVSDUDÈWVXUOnDIILFKHXUXQH >"a IRLVOHVHUYLFHHVWGÃVDFWLYÃ 'ÃFURFKH]OHFRPELQÃRXDSSX\H]VXUODWRXFKH+DXW SDUOHXU HWDFWLYH]ODIRQFWLRQ $SSX\H]VXUODWRXFKHGHGHVWLQDWLRQSUÃYXHSRXUOnDI ILFKDJHGXV\PEROHp GÃVDFWLYÃoYRLUp$FWLYHUGÃ VDFWLYHUOnDIILFKDJHGHVV\PEROHVoSDJH "< (QWUH]OnDSSHOGHODIRQFWLRQp5HQYRLLPPÃGLDWo $SSX\H]VXU3URJUDPPDWLRQSXLVUDFFURFKH] >a q 'ÃVDFWLYHUOHUHQYRLºOnDLGHGHODWRXFKHGHIRQFWLRQ 'ÃFURFKH]OHFRPELQÃRXDSSX\H]VXUODWRXFKH+DXW SDUOHXU SXLVDSSX\H]VXUODWRXFKH0$- $SSX\H]VXUODWRXFKHGHGHVWLQDWLRQSUÃYXHSRXU OnDIILFKDJHGXV\PEROHp GÃVDFWLYÃo /HV\PEROH VnÃWHLQWHWYRXVHQWHQGH]ÃYHQWXHOOH PHQWXQHDQQRQFHLQGLTXDQWTXHOHVHUYLFHHVWGÃVDF <...
Page 28 ,0IU]IP HXURVHW$(%; %QPUGKNURTCVKSWGU &RQVHLOVSRXUOnLQVWDOODWLRQGXWÃOÃSKRQH q 1HSDVH[SRVHUOHWÃOÃSKRQHDX[UD\RQVGLUHFWVGXVROHLORXºXQHVRXU FHGHFKDOHXUTXHOFRQTXH q 7HPSÃUDWXUHGnXWLOLVDWLRQ&º& q 5HVSHFWHUXQHGLVWDQFHGnDXPRLQVXQPÂWUHHQWUHOHWÃOÃSKRQHHWOHV ÃTXLSHPHQWVUDGLRSH[WÃOÃSKRQHVVDQVILOVV\VWÂPHVGHUHFKHUFKH GHSHUVRQQHVRXWÃOÃYLVHXUV/HQRQUHVSHFWGHFHWWHUÂJOHSHXWSHUWXU EHUOHVFRPPXQLFDWLRQVWÃOÃSKRQLTXHV q 1HSDVSODFHUOHWÃOÃSKRQHGDQVGHVORFDX[DYHFXQIRUWGÃJDJHPHQW GHSRXVVLÂUHVFHODUDFFRXUFLWVDGXUÃHGHYLH q 3RXUOnHQWUHWLHQXWLOLVHUXQFKLIIRQKXPLGHRXDQWLVWDWLTXHPDLVMDPDLV XQFKLIIRQVHFULVTXHGHFKDUJHRXGÃFKDUJHÃOHFWRVWDWLTXHV1HSDV HPSOR\HUQRQSOXVGHSURGXLWFRUURVLI q /HFRQWDFWDYHFFHUWDLQHVSDUWLHVGHOnDSSDUHLOSDUH[HPSOHOHVSLHGV SHXWHQGRPPDJHUODVXUIDFHGHVPHXEOHVYHUQLVFLUÃV (QFDVGHGÃIDLOODQFHGHYRWUHWÃOÃSKRQH 3DVGHVRQQHULHODWRXFKH+DXWSDUOHXUFOLJQRWHDXU\WKPHGHODVRQ QHULH/HYROXPHGHODVRQQHULHHVWSHXWÄWUHUÃJOÃVXU 3DVGHWRQDOLWÃXQHIRLVOHFRPELQÃGÃFURFKÃ/HFRUGRQWÃOÃSKRQLTXH HVWLOELHQLQVÃUÃGDQVOnDSSDUHLOHWGDQVODSULVHPXUDOH" 7RQDOLWÃGHQXPÃUDWLRQPDLVODQXPÃURWDWLRQQHVHIDLWSDV/HVFRQ QH[LRQVVRQWERQQHV(VWFHTXHOHPRGHGHQXPÃURWDWLRQHVWELHQ SDUDPÃWUÃ "9RLUp0RGLILHUOHPRGHGHQXPÃURWDWLRQoSDJH 8QLTXHPHQWDYHFXQFHQWUDOSULYÃSDVGHFRQQH[LRQRXFRQQH[LRQHU URQÃHORUVGHODQXPÃURWDWLRQºSDUWLUGHODPÃPRLUHSH[QXPÃUR WDWLRQ%,6QXPÃURWDWLRQDEUÃJÃH3URJUDPPHUOnLQGLFDWLIUÃVHDX 9RWUHFRUUHVSRQGDQWQHYRXVHQWHQGSDV6HFUHWWÃOÃSKRQLTXHDFWLYÃ " $SSX\H]GHQRXYHDXVXUFHWWHWRXFKH&RUGRQGXFRPELQÃFRUUHFWHPHQW HQILFKÃ...
Page 29 ,0UXVVIP HXURVHW$(%; Ë²ÓÒ}ÈËÏº¹È°Óº°Ò {Ëã«²°º°mËÓÓº®ËÏº¹È°Óº°ÒÓË¹ºã Ï®Ë° ËãËÁºÓºämmÈÓÓ©²ÒËm©²}ºäÓÈÈ²m°©¯©² ¹ºäËËÓÒ«²ËãËÁºÓÓËÒäËË¯©ÏºÏÈÒ© ºÒ°ËËÓÒÒ°¯º}È°ãÎ©ËãËÁºÓÈºË°¹Ë ËËº ÒãÒÏÈÒ ËÏÓÈÓË°ËÓÒ«Ë¯Èº}¯ÎÈ Ë®°¯ËË ¯º° È¹Ë¯ËÈmÈ (XURVHW¯ÒäãÒÈäºã }º mäË°Ë°ÒÓ°¯}ÒË®¹ºËºª}°¹ãÈÈÒÒ |ÒË}ÈÏÈÓÒ«¹º°º²¯ÈÓËÓÒ ÓÈ°¯ºË}ËãËÁºÓÈ " cÈÏãÒÓ©Ë¹¯ºË¯©ÓÈ°¯º®}ÒËãËÁºÓÈºãÎÓ© ÏÈmË¯È °«ÓÈÎÈÒËä}ãÈmÒÒmmºÈm¹Èä« ¹º°ãË ªºº{©°äºÎËË¹º°º«ÓÓº¹ºã ÏºmÈ °«ªÒäÒ ÓÈ°¯º®}ÈäÒ iã«ººº©¹¯Ë¯mÈ ¹¯ºË°°ÓÈ°¯º®}ÒÓËÏÈ¹Ò°©mÈ« " ÈÓÓ©Ëm¹Èä« ÓÈ¹¯ÒäË¯¹¯ÒÓË¹¯ÈmÒã ÓºämmºË mäË°ºººº©m}ºÓËÓÈÎÈ ¹ºãºÎÒË¯} {È°°º²¯ÈÓÒ°«¹Ë¯mºÓÈÈã ÓÈ«ÓÈ°¯º®}È vº²¯ÈÓËÓÒËËãËÁºÓÓ©²ÓºäË¯ºmm ¹Èä«Ò ~È¹Ò° ÓºäË¯ºmÒäËÓÓººÓÈº¯ÈÁÓ}Ò« ÏÈ¹Ò°Óº®}ÓÒÎ}Ò >" {ººÒ²¯ËÒ°¯È²}ãÈmÒÒäËÓÓººÓÈº¯È{©äºÎËË °º²¯ÈÓÒ °ääÈ¯ÓººËãËÁºÓÓ©²ÓºäË¯ºm vÓÒäÒË¯}ÏÈËäÓÈÎäÒË}ãÈmÒ mmºÈm¹Èä« iã«mº¯ºº¯ËÒ°¯È ¹Èä«Òº¹ºãÓÒËã ÓºÓÈÎäÒË sÈÎäÒË}ãÈmÒÒäËÓÓººÓÈº¯È }ºº¯º®Ëm©Ï©mÈ °«°º²¯ÈÓËÓÓ©® ÓºäË¯ ÎËÏÈ¹Ò°ÈÓÓ©®ËãËÁºÓÓ©®ÓºäË¯Ë ºº¯ÈÎÈ °«ÓÈÒ°¹ãËËp°ãÒm¹Èä«Ò º°°mËÏÈ¹Ò° ã«ªº®}ãÈmÒÒº ÓÈÒ°¹ãËË¹º«mÒ°« {mËÒËÓºäË¯}ºº¯©®ÓËº²ºÒäº...
Page 30 ,0UXVVIP HXURVHW$(%; vº²¯ÈÓËÓÒËÈãËÓÒË¹¯«äººÓºäË¯È p°ãÒËãËÁºÓÏÈãº}Ò¯ºmÈÓ°äÊrãº}Ò¯ºm}È Ëãº}Ò¯ºm}ÈËãËÁºÓÈÓÈ°¯ º¹¯«äº®ÓºäË¯ " ËÈmºäÈÒË°}ÒÓÈÒ¯È °«¹º°ãËÓÈÎÈÒ«ã º® }ãÈmÒÒ}¯ºäË > "l vÓÒäÒË¯}¹º°ãËªººm}ã ÒË ÁÓ}Ò {mËÒËãÒÓ©®ÒËÓÒÁÒ}ÈÒºÓÓ©® ÓºäË¯js°º°º«ÓÒË¹¯Ò¹º°Èm}Ë sÈª}¯ÈÓËm©°mËÒ°«¹¯«äº®ÓºäË¯ p°ãÒ¹¯«äº®ÓºäË¯m¹Èä«ÒÓËÏÈ¹Ò°ÈÓ {©mÒÒË {mËÒË¹¯«äº®ÓºäË¯ÓËºãËË ÒÁ¯ ÒãÒ " < °º¯ÒË¹¯«äº®ÓºäË¯ sÈÎäÒË}ãÈmÒmmºÈm¹Èä« ¹º°ãË ªºº¹ºãºÎÒË¯} sÈº¯ÓºäË¯ºm sÈº¯ÓºäË¯È > vÓÒäÒË¯}ÒãÒÓÈÎäÒË}ãÈmÒ ÒÓÈäÒ}È sÈË¯ÒËÓºäË¯ ¡ÒÁ¯©¹º°ãËmÈÈººÏÓÈ}È°mÒÈ °«ÓÈÒ°¹ãËË °¹¯ÈmÈÓÈãËmºzãÈmÒË® ¹¯ÒÓÈº¯Ë{©äºÎËË ÓÈÒÓÈ«°ºmº¯º®ÒÁ¯©m°Èmã« ¹ÈÏ© ¹¯ººãÎÒËã Óº° °Ë} sÈº¯}ãÈmÒÈäÒÒäËÓÓººÓÈº¯È...
Page 31 ,0UXVVIP HXURVHW$(%; sÈº¯¹¯«äººÓºäË¯È ¯Ë¹º°©ã}È{¹Èä«Ò©ã°º²¯ÈÓËÓ¹¯«äº®ÓºäË¯Ò RRRR ËãËÁºÓãº}Ò¯ºmÈÓÓÈÒ°¹ãËË{©mÒÒË > " vÓÒäÒË¯}¹º°ãËªººÓÈÎäÒË ã }ãÈmÒ}¯ºäË vã©È Ò© °ã©ÈÓÓ©ä °ÈÓºm}È¯ºä}º°Òm©Ï©mÓºº°ÒÓÈãÈ lºÎÓºm©¯È ã º®ÒÏÒäË Ò²°«¯ºmÓË®¯ºä}º°Ò °º°º«ÓÒË¹¯Ò¹º°Èm}Ë sÈ°¯º®}Èmº°°mÒËm©Ï©mÓºº°ÒÓÈãÈ > " vÓÒäÒË¯}¹º°ãËªººm}ã ÒË ÁÓ}Ò iã«¹¯ºmË¯}ÒË¹ºÈÓm©Ï©mÓº® °ÒÓÈã ÒãÒ sÈÎäÒË}ãÈmÒ¹ã °ÒãÒäÒÓ° v}ÈÎ©äÓÈÎÈÒËä}ãÈmÒÒ¯ºä}º° " < ËmËãÒÒmÈ °«ÒãÒäËÓ È °« sÈÎäÒË}ãÈmÒmmºÈm¹Èä« ¹º°ãË ªºº¹ºãºÎÒË¯} sÈ°¯º®}Èmºm¯Ëä«}ºÈËãËÁºÓÏmºÓÒ Ë¯ËËä}È}¹ºÓ« ¯}ÓÈÎäÒË ÒãÒ rË°º²¯ÈÓËÓºÏÓÈËÓÒË°ÈÓºmãËÓÓºË¹º°ãËÓÒä sÈ°¯º®}ÈÈ°º©m©Ï©mÓºº°ÒÓÈãÈ lºÎÓºm©¯È ã º®ÒÏÒäË Ò²°«¯ºmÓË®È°º© Ëä¹Èm©Ï©mÓºº°ÒÓÈãÈ°º°º«ÓÒË¹¯Ò¹º°Èm}Ë > " ¯ºmËÓ vÓÒäÒË¯}¹º°ãËªººm}ã ÒË ÁÓ}Ò ...
Page 32 ,0UXVVIP HXURVHW$(%; sÈ°¯º®}È¯ºä}º°ÒÒÓÈäÒ}È ¯Òm}ã ËÓÓºäÒÓÈäÒ}Ë{©äºÎËËmºm¯Ëä«¯ÈÏºmº¯È ã º®ÒÏÒäË Ò²°«¯ºmÓË®¯ºä}º°Ò sÈÎäÒË}ãÈmÒ¹ã °ÒãÒäÒÓ° ÒãÒ v}ÈÎ©äÓÈÎÈÒËä}ãÈmÒÒ¯ºä}º° ËmËãÒÒmÈ °«ÒãÒäËÓ È °« {}ã ËÓÒËm©}ã ËÓÒËÒÓÈäÒ}È ¯Ò°°m ÒËm}ºäÓÈËäº°ã©È ËãËÁºÓÓ©® ¯ÈÏºmº¯Ò°¹ºã Ï«m°¯ºËÓÓ©®ÒÓÈäÒ} {ºm¯Ëä«¯ÈÏºmº¯ÈÓÈÎäÒË}ãÈmÒ ÒÓÈäÒ}È º©º}ã Ò ÒÓÈäÒ}ËË ¯ÈÏÓÈÎäÒË}ãÈmÒ ¯Òm}ã ËÓÓºäÒÓÈäÒ}ËÒ°Ó«º®ËãËÁºÓÓº®¯}Ë {©äºÎËË°ã©È Ò°¹ºã Ï«ÒÓÈäÒ}|ÓÈ}º m°¯ºËÓÓ©®äÒ}¯ºÁºÓ¹¯Òªºäº}ã ËÓ ¯Òm}ã ËÓÓºäÒÓÈäÒ}ËÒÓË°Ó«º®ËãËÁºÓÓº® ¯}Ë{©äºÎËË¯ÈÏºmÈ¯ÒmÈ Ò°¹ºã Ï«m°¯ºËÓÓ©® äÒ}¯ºÁºÓ {}ã ËÓÒËm©}ã ËÓÒËÁÓ}ÒÒÊ¯ÈÏºmº¯ ËÏ¹ºËäÈ¯}Ò v¹ºäº ªººËãËÁºÓÈ{©äºÎËËÏmºÓÒ ÓË°ÓÒäÈ« ¯}¯ÈÏºmº¯ËÏ¹ºËäÈ¯}Ò|¹ÒäÈã ÓºË º ¯È°°º«ÓÒË äÒ}¯ºÁºÓÈ°º°Èmã«Ë¹¯ÒãÒÏÒËã Óº °ä D {}ã ËÓÒËmºm¯Ëä«¯ÈÏºmº¯È°Ò°¹ºã ÏºmÈÓÒËä < ¯}Ò ¯ÒÓÈÎÈº®}ãÈmÒËÒÓÈäÒ}È¹ºãºÎÒË ¯} E {}ã ËÓÒË¹Ë¯ËÓÈº¯ºäÓºäË¯È Ë¯ËÓÈº¯ºäÓÈÎäÒË}ãÈmÒ ÒÓÈäÒ}È {©äºÎËË¯ÈÏºmÈ¯ÒmÈ ÓË¹ºÓÒäÈ« >...
Page 33 ,0UXVVIP HXURVHW$(%; sÈ°¯º®}È¯ºä}º°ÒËãËÁºÓÓº®¯}Ò ¯ºä}º° ÒÓÈäÒ}ÈËãËÁºÓÓº®¯}ÒäºÎË© >" ÓÈ°¯ºËÓÈÓÈã º®ÒÏÒäË Ò²°«¯ºmÓË®°º°º«ÓÒË ¹¯Ò¹º°Èm}Ë¯ºmËÓ vÓÒäÒË¯}¹º°ãËªººm}ã ÒË ÁÓ}Ò sÈÎäÒË}ãÈmÒ¹ã °ÒãÒäÒÓ° ÒãÒ "< v}ÈÎ©äÓÈÎÈÒËä}ãÈmÒÒ¯ºä}º° ËmËãÒÒmÈ °«ÒãÒäËÓ È °« sÈÎäÒË}ãÈmÒmmºÈm¹Èä« ¹º°ãË ªºº¹ºãºÎÒË¯} rËÏº¹È°Óº° ãº}Ò¯ºm}È ÒÓÒ}ÈÒ«¹¯ººãÎÒËã Óº°Ò ¯ÈÏºmº¯È ËãËÁºÓäºÎÓºÏÈãº}Ò¯ºmÈ ºÓË°ÈÓ}ÒºÓÒ¯ºmÈÓÓºº Ò°¹ºã ÏºmÈÓÒ«iã«ªº®ÁÓ}ÒÒ{ÈäÓÎÓºmmË°Ò Ë©¯Ë²ÏÓÈÓ©®ãÒÓ©®ÒËÓÒÁÒ}ÈÒºÓÓ©®ÓºäË¯ js >"l jÏäËÓËÓÒËjs vÓÒäÒË¯}¹º°ãËªººm}ã ÒË ÁÓ}Ò {mËÒË¹¯ËÎÓÒ®Ë©¯Ë²ÏÓÈÓ©® ÒËÓÒÁÒ}ÈÒºÓÓ©®ÓºäË¯°º°º«ÓÒË ¹¯Ò¹º°Èm}Ë {mËÒËÓºm©®Ë©¯Ë²ÏÓÈÓ©®js "< ºmº¯ÒËmmºÓºmººãÒÓºº ÒËÓÒÁÒ}ÈÒºÓÓººÓºäË¯È sÈÎäÒË}ãÈmÒmmºÈm¹Èä« ¹º°ãË ªºº¹ºãºÎÒË¯} p°ãÒ{©ÏÈ©ãÒ°mº®jsº¯ÈÒË° }{ÈËä ¹¯ºÈm rãº}Ò¯ºm}ÈËãº}Ò¯ºm}ÈÒÏäËÓËÓÒ« >"l ÓºäË¯ºmÒäËÓÓººÓÈº¯È...
Page 34 ,0UXVVIP HXURVHW$(%; rãº}Ò¯ºm}ÈËãº}Ò¯ºm}ÈËãËÁºÓÈ >"l p°ãÒËãËÁºÓÏÈãº}Ò¯ºmÈÓºmºÏäºÎËÓÓÈº¯ºã }º ¹¯«ä©²ÓºäË¯ºm°äÊsÈº¯¹¯«äººÓºäË¯ÈÓÈ°¯ vÓÒäÒË¯}¹º°ãËªººm}ã ÒË ÁÓ}Ò Ëãº}Ò¯ºmÈ ãº}Ò¯ºmÈ ÒãÒ "< {mËÒËjs sÈÎäÒË}ãÈmÒmmºÈm¹Èä« ¹º°ãË ªºº¹ºãºÎÒË¯} p°ãÒËãËÁºÓÏÈãº}Ò¯ºmÈÓm©mÒÒËÓÈ Ò°¹ãËË 4444 >lJ {¯ËäËÓÓÈ«ÓÈºÒÓ¯ÈÏºmº¯ºäËÓÈãº}Ò¯ºm}Ò ËãËÁºÓÈ vÓÒäÒË¯}ÓÈÎäÒË}ãÈmÒ ãº}Ò¯ºm}ÒmmËÒËjs sÈË¯ÒËÓºäË¯ º°ãËºº}È}Ë¹ºãºÎËÓÈ¯}È ËãËÁºÓË°ÓºmÈÏÈãº}Ò¯ºmÈÓ {}ã ËÓÒËm©}ã ËÓÒËÒÓÒ}ÈÒÒ ¹¯ººãÎÒËã Óº°Ò¯ÈÏºmº¯È {ÈËãËÁºÓäºÎË¹º}ÈÏ©mÈ ÓÈÒ°¹ãËË ¹¯ÒãÒÏÒËã Ó ¹¯ººãÎÒËã Óº° ¯ÈÏºmº¯Èp°ãÒ ÒÓÒ}ÈÒ«¹¯ººãÎÒËã Óº°Ò¯ÈÏºmº¯Èm}ã ËÓÈË¯ËÏ > °Ë}Ó¹º°ãËÓÈº¯È¹º°ãËÓË®ÒÁ¯©ÓÈÓË°«º°Ë " m¯ËäËÓÒ vÓÒäÒË¯} ¹º°ãËªººm}ã ÒËÁÓ}Ò º}ã Ò ÒÓÒ}ÈÒ ÒãÒ...
Page 35 ,0UXVVIP HXURVHW$(%; cÈºÈ°È°Ó©äÒkv ~È¹Ò° °Ò¯ÈÓÒË°ãÎËÓ©²}ººm p°ãÒ{ÈËãËÁºÓ¹º}ã ËÓ}È°Óº®kv{ÈääºÎË © ¹¯ÒË°«°º²¯ÈÓÒ m¹Èä«ÒºÒÓÒãÒÓË°}ºã }º °ãÎËÓ©²}ººmvz¯Ò°º²¯ÈÓËÓÒÒvzm¹Èä«Ò >" ËãËÁºÓÈÈmºäÈÒË°}Ò°ÈÓÈmãÒmÈË°«¹ÈÏÈmÓÈº¯Ë ¹¯ººãÎÒËã Óº° °Ë}Ó© vÓÒäÒË¯}¹º°ãËªººm}ã ÒË ÁÓ}Ò p°ãÒ°ãÎËÓ©Ë}º©ÓË ÏÈ¹¯º¯ÈääÒ¯ºmÈÓ©ÓÈÒ°¹ãËË ¹º«mÒ°« p°ãÒm¹Èä« ÏÈ¹Ò°ÈÓ©ºÒÓÒãÒ ÓË°}ºã }º°ãÎËÓ©²}ººmºÓÒ ¹º}ÈÏÈÓ©ºÒÓÏÈ¯ÒääÒÈ Ò®vz äºÎÓºº¯ÈÈ©mÈ mÈÓÓ©®äºäËÓ zãÈmÒË® {©¹¯ÒÓËº²ºÒäº°Ò äºÎËË¹Ë¯Ë}ã Ò °«°ºÓººvzÓÈ ¯º®º©°ãË Òäº¯ÈÏºä "< º¯ÈÈ©mÈ ªÒ}º© D vÒ¯ÈÓÒËvz ÓÈÎäÒË}ãÈmÒmmºÈm¹Èä« Ò ¹ºãºÎÒË¯} E {mºvz {mËÒËºÓmËÒãÒ¯ÒÒÁ¯© °ãÎËÓºº}ºÈ p°ãÒ{©²ºÒËmmË°ÒËËºÒÓ °ãÎËÓ©®}º "< sÈÎäÒË}ãÈmÒ¹ºmº¯ÓººÓÈº¯ÈÒ mmËÒË°ãË Ò®°ãÎËÓ©®}º sÈÎäÒË}ãÈmÒmmºÈm¹Èä« ¹º°ãËªºº¹ºãºÎÒË¯} >"...
Page 36 ,0UXVVIP HXURVHW$(%; Ò°¹ºã ÏºmÈÓÒËmÈ°Ó©²kv {ºm¯Ëä«¯ÈÏºmº¯È{©äºÎËËm¯ËäËÓÓº¹Ë¯Ë}ã Ò °« ÒãÒ¹Ë¯ËÈ¯Ë°ºmÈ ¯ÈÏºmº¯iã«ªººÓÈÎäÒË}ãÈmÒ m¯ËäËÓÓºº¹Ë¯Ë}ã ËÓÒ« iÈã ÓË®ÒËË®°mÒ« ÏÈmÒ°«º{ÈË®kv¯Ò¹º°Èm}ËÁÓ}Ò«}ãÈmÒÒ m¯ËäËÓÓºº¹Ë¯Ë}ã ËÓÒ«ÓÈ°¯ºËÓÈÓÈÈÓÈº¯È m¯Ëä«¹¯Ë¯©mÈÓÒ« ä°ã«Ò°¹ºã ÏºmÈÓÒ«Óºm©² mºÏäºÎÓº°Ë®ºË°mËÓÓ©²ËãËÁºÓÓ©²°ËË®¯Ò ¹º}ã ËÓÒÒ}È°Ó©äkväºÎËmºÏÓÒ}Ó ÓËº²ºÒäº° ÒÏäËÓÒ ÈÓÈº¯ÈÓÈ¹¯ÒäË¯º ä°{ªº®°m«ÏÒmÓÒäÈËã Óº¹¯ºÒË¯}ºmº°mº ¹ºª}°¹ãÈÈÒÒ{ÈË®kv >" sÈ°¯º®}ÈÈÈÓÈº¯È}ãÈmÒÒm¯ËäËÓÓºº ¹Ë¯Ë}ã ËÓÒ« vÓÒäÒË¯}¹º°ãËªººm}ã ÒË ÁÓ}Ò ~ÈÈ®Ë¯ËËä©®}ºã«°ÈÓºm}Ò ÈÈÓÈº¯È ä°°º°º«ÓÒË¹¯Ò¹º°Èm}Ë "< ä° ä° ä° ä° sÈÎäÒË}ãÈmÒmmºÈm¹Èä« ¹º°ãËªºº¹ºãºÎÒË¯} ÜÜ c°°}Ò®...
Page 37 ,0UXVVIP HXURVHW$(%; j°¹ºã ÏºmÈÓÒËÁÓ}Ò® ¹¯Ëº°Èmã« Ò²º°¹} º¹ºãÓÒËã Ó©ä°ãÈä ºË°mËÓÓ©²ËãËÁºÓÓ©²°ËË® p°ãÒ{©²ºÒËÒ°¹ºã ÏºmÈ ÁÓ}ÒÒm©Ï©mÈËä©Ë }ãÈmÒË®m¯ËäËÓÓºº¹Ë¯Ë}ã ËÓÒ«¹¯ËmÈ¯ÒËã Óº ËÒË° mºä¹¯ÈmÒã ÓºãÒ°ÈÓºmãËÓÈÓÈº¯Èã« }ãÈmÒÒ zãÈmÒÈm¯ËäËÓÓºº¹Ë¯Ë}ã ËÓÒ« Ò°¹ºã ÏºmÈÓÒËmºË°mËÓÓ©²ËãËÁºÓÓ©² °Ë«² {ºË°mËÓÓ©²ËãËÁºÓÓ©²°Ë«²ªÈ}ãÈmÒÈ Ò°¹ºã ÏË°«ã«¹ºãËÓÒ«º¹¯ËËãËÓÓ©² º¹ºãÓÒËã Ó©²°ã }ÈÏÈÓÒË {°ººmË°mÒÒ°º°ºËÓÓº°«äÒº¹¯ËËãËÓÓ©²°¯ÈÓ ¹Ë¯ËÒ°¹ºã ÏºmÈÓÒËä}ãÈmÒÒm¯ËäËÓÓºº ¹Ë¯Ë}ã ËÓÒ«¯ËË°«°ÈÓºmÒ ÓËº²ºÒä©®È ÓÈº¯È°äÊsÈ°¯º®}ÈÈÈÓÈº¯È}ãÈmÒÒm¯ËäËÓÓºº ¹Ë¯Ë}ã ËÓÒ«ÓÈ°¯ {ÈÈºË°mËÓÓÈ« ËãËÁºÓÓÈ«°Ë ¹¯ËãºÎÒ{Èä¹¯ÒÓËº²ºÒäº°Ò¹º °¹ËÒÈã ÓºäÏÈ}ÈÏ¹ºãËÏÓ©Ëº¹ºãÓÒËã Ó©Ë°ãÒ ÓÈ¹¯ÒäË¯¹Ë¯ËÈÈËãËÁºÓÓººÓºäË¯È¹Ë¯ËÈ¯Ë°ÈÒ« m©ÏºmÈ¹ºmº¯Ó©®m©ÏºmË°ãÒÓÈ¯ÈÓÓ©®ÓºäË¯ÏÈÓ« ÏmºÓº}mº¹¯ËËãËÓÓ©®äºäËÓÒ j°¹ºã ÏºmÈÓÒË}ãÈmÒÒäËÓÓººÓÈº¯Èm }ÈË°mËÊÁÓ}ÒºÓÈã Ó©²}ãÈmÒ |Ë°mËÓÓ©ËËãËÁºÓÓ©Ë°ËÒ¹¯ËãÈÈ {Èä¹º °¹ËÒÈã ÓºäÏÈ}ÈÏ¯ÈÏãÒÓ©Ë°ãÒÒÁÓ}ÒÒ m©Ò¯ÈËä©Ë°ÈÓºmãËÓÓ©äÒ}ºäÒÓÈÒ«äÒ}ãÈmÒÒ }ºº¯©ËäºÎÓºÏÓÈ ÓÈ{ÈË®ËãËÁºÓÓº®°ÈÓÒÒ{© äºÎËË°º²¯ÈÓÒ ÓËº²ºÒä©Ë}ºäÒÓÈÒÒ}ãÈmÒm mÒËº©Ó©²ÓºäË¯ºmÓÈ}ãÈmÒÈ²ÒäËÓÓººÓÈº¯ÈÒ ºÓºÈ}ÎËÊÓÈÒ¯È Ò°ÓºmÈº}ã È Ò² }ÈÏÈÓÒË p°ãÒ{©È}ÒmÒÏÒ¯ËËÒÓÒ}ÈÒ °ÒämºãºmÒ ÏÈ¹Ò°©mÈËËm¹Èä« m©ÏºmÁÓ}Ò®ÓÈmº¯ºä¯ËÒ°¯Ë }ãÈmÒÒäËÓÓººÓÈº¯È{©äºÎËËºËÒÓÒ m}ã ËÓÒËm©}ã ËÓÒËº¹¯ËËãËÓÓ©²ÁÓ}Ò®...
Page 38 ,0UXVVIP HXURVHW$(%; k}ÒmÒÏÈÒ«º}ã ËÓÒËÒÓÒ}ÈÒÒ°Òämºãºm {©äºÎËË¹¯ÒÓËº²ºÒäº°ÒÈ}ÒmÒÏÒ¯ºmÈ ÒãÒ > º}ã Ò ÒÓÒ}ÈÒ °Òämºãºm{°º°º«ÓÒÒ¹¯Ò¹º°Èm}Ë ÒÓÒ}ÈÒ«º}ã ËÓÈ " vÓÒäÒË¯} ¹º°ãËªººm}ã ÒËÁÓ}Ò "< È}ÒmÒ¯ºmÈ ÒÓÒ}ÈÒ °Òämºãºm ÒãÒ m©}ã Ò ÒÓÒ}ÈÒ °Òämºãºm sÈÎäÒË}ãÈmÒmmºÈm¹Èä« ¹º°ãË ªºº¹ºãºÎÒË¯} p°ãÒ¹¯ÒÈ}ÒmÒÏÒ¯ºmÈÓÓº®ÒÓÒ}ÈÒÒ°Òämºãºm{© ÓÈÎäËË ÈÏÈËäºÓÒÏ°ãË Ò²}ãÈmÒÒäËÓÓºº ÓÈº¯ÈºÓÈÒ°¹ãËËËm}ã ËÓÒãÒm©}ã ËÓ °ººmË°m Ò®°ÒämºãÒ°¹ãË« vÒämºãÒ°¹ãË« vÒämºãÒ°¹ãË« m}ã º}ã m}ã º}ã m}ã º}ã m}ã º}ã m}ã ã« ÏmºÓ}È cË}ºäËÓËäºËÒ°¹ºã ÏºmÈÓÒË°ÒämºãºmÒ °ººmË°m Ò²}ãÈmÒ ¨ÀÇÀ¿ÆÀÈÈ»Ú Ë¯ËÈ¯Ë°ÈÒ«m©ÏºmÈË°ãÒ...
Page 39 ,0UXVVIP HXURVHW$(%; ¯ÒäË¯¹Ë¯ËÈ¯Ë°ÈÒ«m©ÏºmÈ sÒÎË{©ÓÈ®ËË¹¯ÒäË¯Ò°¹ºã ÏºmÈÓÒ«}ãÈmÒÒäËÓÓºº ÓÈº¯Èm}ÈË°mËÊÁÓ}ÒºÓÈã Ó©²}ãÈmÒp°ãÒ È}ÒmÒÏÒ¯ºmÈÓÈÒÓÒ}ÈÒ«°Òämºãºmºm°ãÈË Ê¹Ë¯ËÈ¯Ë°ÈÒÒm©ÏºmÈ¹¯Òm}ã ËÓÒÒÁÓ}ÒÒÓÈ Ò°¹ãËËËºº¯ÈÎËÓ¹¯Ë°äº¯ËÓÓ©®ã«ªºº °ÒämºãiÈÓÓ©®°ÒämºãËÏÈËäÓËÓ}ºÈÁÓ}Ò« Ëº}ã ËÓÈ sÈ¹¯ÒäË¯¹º°ãËºmÈËã Óº° }ãÈmÒã«m}ã ËÓÒ« ÁÓ}ÒÒÊÓËäËãËÓÓÈ«¹Ë¯ËÈ¯Ë°ÈÒ«m©ÏºmÈm{ÈË® ËãËÁºÓÓº®°ËÒ°º°ºÒÒÏÈ°Ë® {©ÏºmÁÓ}ÒÒ sºäË¯ã«¹Ë¯ËÈ¯Ë°ÈÒÒ |}ºÓÈÓÒË m©ÏºmÈ ÁÓ}ÒÒ sºäË¯ã«¹Ë¯ËÈ¯Ë°ÈÒÒ m©ÏºmÈ {È°Ë° °ãË ÒËmºÏäºÎÓº°Ò {©}ÈÎ©®¯ÈÏÓÈÎÒäÈËËÓÈ}ãÈmÒÈ¯Ë¹ºãÓ ¹º°ãËºmÈËã Óº° }ãÈmÒ {©°º²¯ÈÓ«ËË¹º°ãËºmÈËã Óº° }ãÈmÒÓÈ }ãÈmÒÈ²ÒäËÓÓººÓÈº¯È D }È}¹ºãÓ ÁÓ}Ò mäË°Ë°¹º°º«ÓÓ©ä ÓºäË¯ºäã«¹Ë¯ËÈ¯Ë°ÈÒÒm©ÏºmÈ E ºã }ºm©ÏºmÁÓ}ÒÒÒ}ºÓËÁÓ}ÒÒ{È}ºä °ãÈË{È°Ë° mºÏäºÎÓº° º¹¯ËËã« ¹Ë¯ÒºÒË°}ÒÒÏäËÓ« Ò®°«ÓºäË¯ã« ¹Ë¯ËÈ¯Ë°ÈÒÒm©ÏºmÈ ÜÜ c°°}Ò®...
Page 40 ,0UXVVIP HXURVHW$(%; >"a vº²¯ÈÓËÓÒË¹Ë¯ËÈ¯Ë°ÈÒÒm©ÏºmÈm}ÈË°mË ÁÓ}ÒºÓÈã Óº®}ãÈmÒÒ vÓÒäÒË¯}ÒãÒÓÈÎäÒË}ãÈmÒ ÒÓÈäÒ}È ¹º°ãËªººm}ã ÒË ÁÓ}Ò sÈÎäÒË}ãÈmÒÒäËÓÓººÓÈº¯È ¹¯Ë°äº¯ËÓÓ ã«ÒÓÒ}ÈÒÒ°ÒämºãÈ Ê m}ãÙ°äÊk}ÒmÒÏÈÒ«º}ã ËÓÒË ÒÓÒ}ÈÒÒ°ÒämºãºmÓÈ°¯ ÎËÏÈ¹Ò°ÈÓÓ©®ËãËÁºÓÓ©®ÓºäË¯Ë ºº¯ÈÎÈ °«ÓÈÒ°¹ãËËp°ãÒm¹Èä«Ò º°°mËÏÈ¹Ò° ã«ªº®}ãÈmÒÒº ÓÈÒ°¹ãËË¹º«mÒ°« {©ÏmÈ ÁÓ}Ò ÊÓËäËãËÓÓÈ« ¹Ë¯ËÈ¯Ë°ÈÒ«m©ÏºmÈ D |¹¯ËËãËÓÒËÓºäË¯Èã« ¹Ë¯ËÈ¯Ë°ÈÒÒm©ÏºmÈ {mËÒËÓºäË¯ã«¹Ë¯ËÈ¯Ë°ÈÒÒ m©ÏºmÈ "< sÈÎäÒË}ãÈmÒ°¯ºäºäã« ººÏÓÈËÓÒ«}ºÓÈÁÓ}ÒÒ sÈÎäÒË}ãÈmÒmmºÈm¹Èä« ¹º°ãË ªºº¹ºãºÎÒË¯} ÒãÒ E cËÏË¯mÒ¯ºmÈÓÒËÒÏäËÓ«Ëäºº ÓºäË¯È¹Ë¯ËÈ¯Ë°ÈÒÒm©ÏºmÈ sÈÎäÒË}ãÈmÒmË¯²ÓËº¯ËÒ°¯È {¯ËÏã ÈËÓÈÎÈÒ«ªº®}ãÈmÒÒ¹¯Ò ¹º°ãË Ëäm}ã ËÓÒÒÊÓËäËãËÓÓº® ¹Ë¯ËÈ¯Ë°ÈÒ«m©ÏºmÈËäÒÈ äÈ¯}Ë¯ã«mmºÈÓºäË¯Èã« ¹Ë¯ËÈ¯Ë°ÈÒÒm©ÏºmÈ...
Page 41 ,0UXVVIP HXURVHW$(%; >a {}ã ËÓÒË¹Ë¯ËÈ¯Ë°ÈÒÒm©ÏºmÈÁÓ}ÒºÓÈã Óº® }ãÈmÒË® vÓÒäÒË¯}ÒãÒÓÈÎäÒË}ãÈmÒ ÒÓÈäÒ}È ¹º°ãËªººÓÈÎäÒË }ãÈmÒ6KLIW sÈÎÈ }ãÈmÒÒäËÓÓººÓÈº¯Èã« ÒÓÒ}ÈÒÒ°ÒämºãÈÊ m}ãÙ sÈÒ°¹ãËËºº¯ÈÎÈË°« D sºäË¯ã«¹Ë¯ËÈ¯Ë°ÈÒÒm©ÏºmÈ º¹¯ËËãËÓ < ¯ÒÓËº²ºÒäº°Ò{©°ã©ÒË °ººËÓÒËºÁÓ}Ò«m}ã ËÓÈ ºãºÎÒË¯}ÒãÒÓÈÎäÒË}ãÈmÒ ÒÓÈäÒ}È vªººäºäËÓÈm²º«ÒËÏmºÓ}Ò ¹Ë¯Ë}ã È °«ÓÈÓºäË¯ã« ¹Ë¯ËÈ¯Ë°ÈÒÒm©ÏºmÈ{ÈËãËÁºÓ ÏmºÓÒ ÓËË E jÏäËÓ«Ëä©®ÓºäË¯ã« ¹Ë¯ËÈ¯Ë°ÈÒÒm©ÏºmÈ {mËÒËÓºäË¯ã«¹Ë¯ËÈ¯Ë°ÈÒÒ m©ÏºmÈ sÈÎäÒË}ãÈmÒ¹ºmº¯ÓººÓÈº¯È º©ººÏÓÈÒ }ºÓËÓÈ¯ÈÓÓºº ÓºäË¯È ¯ÒÓËº²ºÒäº°Ò{©°ã©ÒË < °ººËÓÒËºÁÓ}Ò«m}ã ËÓÈ ºãºÎÒË¯}ÒãÒÓÈÎäÒË}ãÈmÒ ÒÓÈäÒ}È vªººäºäËÓÈm²º«ÒËÏmºÓ}Ò ¹Ë¯Ë}ã È °«ÓÈÓºäË¯¹Ë¯ËÈ¯Ë°ÈÒÒ m©ÏºmÈ{ÈËãËÁºÓÏmºÓÒ ÓËË ÜÜ...
Page 42 ,0UXVVIP HXURVHW$(%; vº²¯ÈÓËÓÒËÓÈÁÓ}ÒºÓÈã Óº®}ãÈmÒËÁÓ}ÒÒ Ê{©}ã ËÓÒË¹Ë¯ËÈ¯Ë°ÈÒÒm©ÏºmÈ Ë¯ËÈ¯Ë°ÈÒ m©ÏºmÈº¹Ò°ÈÓÓ m¹¯Ë©Ëä ¹¯ÒäË¯Ë{©äºÎËË°ÓºmÈm©}ã Ò m°mºË®ËãËÁºÓÓº® °ËÒÓÈÎÈm¹º°ãËºmÈËã Óº° }ãÈmÒ {©äºÎËË°º²¯ÈÓÒ m¹Èä«ÒÒª}ºäÒÓÈÒ }ãÈmÒ ÓÈ}ãÈmÒËÒäËÓÓººÓÈº¯È°¹ËÒÈã Óº ¹¯ËÓÈÏÓÈËÓÓº®ã«ªººp°ãÒÒÓÒ}ÈÒ«°Òämºãºm È}ÒmÒ¯ºmÈÓÈÈÁÓ}Ò«©ãÈm}ã ËÓÈº¹Ò°ÈÓÓ©ä º¯ÈÏºäº°Òämºã ÓÈÒ°¹ãËË¹ºÈ°ÓË¹º°ãË >"a m©}ã ËÓÒ«ÁÓ}ÒÒ vÓÒäÒË¯}ÒãÒÓÈÎäÒË}ãÈmÒ ÒÓÈäÒ}È ¹º°ãËªººm}ã ÒË ÁÓ}Ò sÈÎäÒË}ãÈmÒÒäËÓÓººÓÈº¯È ¹¯Ë°äº¯ËÓÓ ã«ÒÓÒ}ÈÒÒ°ÒämºãÈ Ê º}ãÙ°äÊk}ÒmÒÏÈÒ«º}ã ËÓÒË ÒÓÒ}ÈÒÒ°ÒämºãºmÓÈ°¯ ¯ºÒÏmË°Òm©ÏºmÁÓ}ÒÒ "< Ê¹Ë¯ËÈ¯Ë°ÈÒ«m©ÏºmÈ°¯ÈÏÎË sÈÎäÒË}ãÈmÒmmºÈm¹Èä« ¹º°ãË ªºº¹ºãºÎÒË¯} {©}ã ËÓÒË¹Ë¯ËÈ¯Ë°ÈÒÒm©ÏºmÈ > a ÁÓ}ÒºÓÈã Óº®}ãÈmÒË® vÓÒäÒË¯}ÒãÒÓÈÎäÒË}ãÈmÒ ÒÓÈäÒ}È ¹º°ãËªººÓÈÎäÒË }ãÈmÒ6KLIW sÈÎäÒË}ãÈmÒÒäËÓÓººÓÈº¯Èã« ÒÓÒ}ÈÒÒ°ÒämºãÈÊ...
Page 43 ,0UXVVIP HXURVHW$(%; iº¹ºãÓÒËã Ó©Ë}ÈÏÈÓÒ« cË}ºäËÓÈÒÒ¹º°ÈÓºm}ËËãËÁºÓÓºº È¹¹È¯ÈÈ sË¹ºmË¯È®ËËãËÁºÓmºÏË®°mÒ ¹¯«ä©²°ºãÓËÓ©² • ãË®ÒãÒ¯Ò²Ò°ºÓÒ}ºmË¹ãÈ k¹¹È¯ÈäºÎËÒ°¹ºã ÏºmÈ °«¹¯ÒËä¹Ë¯È¯È²ºÅ& • ºÅ& ËãËÁºÓ°ãËË°ÈÓÈmãÒmÈ ÓÈ¯È°°º«ÓÒÒÓËäËÓËË • äË¯Èº¯ÈÒº°¯º®°mÓÈ¹¯ÒäË¯¯ÈÒºËãËÁºÓºm ¹Ë®ÎË¯ºmÒãÒËãËmÒÏº¯ºm {¹¯ºÒmÓºä°ãÈËmºÏäºÎÓºÓÈ¯ËÓÒËËãËÁºÓÓº® °m«ÏÒ sË°ÈÓÈmãÒmÈ®ËÈ¹¹È¯ÈmÏÈ¹©ãËÓÓ©²¹ºäËËÓÒ«²m • ¹¯ºÒmÓºä°ãÈË°º}¯ÈÈË°«Ëº°¯º}°ãÎ© ¯ºÒ¯È®ËÈ¹¹È¯Èºã }ºmãÈÎÓº®¯«¹}º®ÒãÒ • ÈÓÒ°ÈÒË°}º®°ÈãÁË}º®sÒ}ºÈÓË¹ºã Ï®Ë° °²º® }ÈÓ ÒãÒ°ÈãÁË}º®º¹È°Óº° mºÏÓÒ}ÓºmËÓÒ« ªãË}¯º°ÈÒË°}Ò²ÏÈ¯«ºmÈÈ}ÎËÈ¯ÈÏÒmÓ©äÒ Ò°«ÒäÒ°¯Ë°mÈäÒ sÈãÈ}Ò¯ºmÈÓÓº®ÒãÒ¹ºãÒ¯ºmÈÓÓº®äËËãÒäº • º°ÈmÈ °«°ãË©ºÓºÎË}È¹¹È¯ÈÈ p°ãÒ{ÈËãËÁºÓ¯ÈºÈË ÓËºmãËmº¯ÒËã Óº sËÏm}ºmºº°ÒÓÈãÈ}ãÈmÒÈÒÓÈäÒ}ÈäÒÈËm ¯ÒäËm©Ï©mÓºº°ÒÓÈãÈ¯ºä}º° m©Ï©mÓºº°ÒÓÈãÈ äºÎË© °ÈÓºmãËÓÈÓÈ ¯Ò°Ó«º®ËãËÁºÓÓº®¯}ËÓË°ã©ËÓ°ÒÓÈã ºmËÈ°ÈÓÒÒ¯ºmË¯ Ë¹¯ÈmÒã ÓºãÒ¹º}ã ËÓ °ºËÒÓÒËã Ó©®Ó¯}ËãËÁºÓÒÓÈ°ËÓÓº®¯ºÏË}Ë ºº Óº° °ÈÓÒÒÓºäË¯ÓËÓÈÒ¯ÈË°« º}ã ËÓÒËËãËÁºÓÈÒ°¹¯ÈmÓº¯ÈmÒã ÓºãÒ °ÈÓºmãËÓ°¹º°ºÓÈº¯ÈÓºäË¯È"väÊjÏäËÓËÓÒË...
Page 44 ,0UXVVIP HXURVHW$(%; ÜÜ c°°}Ò® 3OHDVHLQVHUWWKLVSODQHSDJH...
Page 45 ,0HQJIU]UXVV(QGHIP HXURVHW$(%; rr...
Page 46 ,0HQJIU]UXVV(QGHIP HXURVHW$(%; ,VVXHGE\ 6LHPHQV$* ,QIRUPDWLRQDQG&RPPXQLFDWLRQ3URGXFWV $OOULJKWVUHVHUYHG +RIPDQQVWUD¹H 6XEMHFWWRDYDLODELOLW\DQG '0XQLFK WHFKQLFDOFKDQJHV 5HIHUHQFHQR 6LHPHQV$NWLHQJHVHOOVFKDIW $(%; ...

Siemens GIGASET EUROSET 2015 User Manual

Quick Links

Related Manuals for Siemens GIGASET EUROSET 2015

Summary of Contents for Siemens GIGASET EUROSET 2015