Manual de instrucciones XEROX WORKCENTRE PRO 75

[. . . ] F $O DSDUHFHU OD SDQWDOOD GHO DVLVWHQWH SDUD DJUHJDU OD LPSUHVRUD KDJD FOLF HQ HO ERWyQ )LQDOL]DU G , PSULPD XQD SiJLQD GH SUXHED 9HULILTXH TXH VH LPSULPD 5HSLWD HVWH SURFHGLPLHQWR 9D\D DO VHUYLGRU HVWDFLyQ GH WUDEDMR \ HQ FDGD HVWDFLyQ GH WUDEDMR GH OD UHG TXH YD\D D LPSULPLU FRQ HVWD LPSUHVRUD Qitvh # HhhyqryhhqvvhpvyqryvrhYr9pr8rr $QWHV GH FRPHQ]DU 127$ 6X 'RFXPHQW &HQWUH WLHQH '+&3 /35 \ 1HW%, 26 DFWLYDGD DXWR PiWLFDPHQWH 6L KD FRQILJXUDGR XQ VHUYLGRU '+&3 FRQ LQIRUPD FLyQ 7&3, 3 SXHGH FRQHFWDU VX 'RFXPHQW &HQWUH D OD UHG SDUD TXH REWHQJD OD LQIRUPDFLyQ 7&3, 3 GHO VHUYLGRU '+&3 DO HQFHQGHUVH 3DUD DFWLYDU XQD LQWHUID] 7RNHQ 5LQJ R %DVH7 YHD HO &DStWXOR &RQH[LyQ GH UHGHV 7RNHQ 5LQJ R (WKHUQHW D ILQ GH FRQILJXUDU OD YHORFLGDG \ OD UXWD GH RULJHQ SDUD VX HQWRUQR 6L XVD '+&3 OOHYH D FDER ORV 3DVRV D E TXH DSDUHFHQ HQ OD SDUWH 'LUHFFLRQDPLHQWR GLQiPLFR GH OD VHFFLyQ 'LUHFFLRQHV , 3 GLQiPLFDVHVWiWLFDV \ :, 16 SHUR 12 FDPELH ORV YDORUHV 'HVSXpV OHD OD QRWD DQWHV GHO SDVR \ GHWHUPLQH VL GHVHD FDPELDU HO Q~PHUR GH SXHUWR OSU 'HVSXpV GH OOHYDU D FDER OD VHOHFFLyQ FRPSOHWH HO UHVWR GHO SURFHGLPLHQWR HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh 5HG GHO VHUYLGRU GH 0LFURVRIW :LQGRZV 17 5HG GHO VHUYLGRU GH 0LFURVRIW 5HG GHO VHUYLGRU GH 0LFURVRIW :LQGRZV 17 ; 7&3, 3 6L WRGDYtD QR KD DVLJQDGR LQIRUPDFLyQ 7&3, 3 /DV VHFFLRQHV DQWHULRUHV GDQ SRU VHQWDGR TXH \D VH KD DVLJQDGR D OD 'RFXPHQW &HQWUH OD GLUHFFLyQ , 3 OD PiVFDUD GH VXEUHG OD GLUHFFLyQ GH HQODFH R HO QRPEUH GH KRVW QHFHVDULR SDUD OD LQVWDODFLyQ GH OD UHG 6L HVWRV FRPSRQHQWHV QR KDQ VLGR FRQILJXUDGRV YHD OD VHFFLyQ GH HVWH GRFXPHQWR WLWXODGD 'LUHFFLRQHV , 3 GLQiPLQDVHVWiWLFDV \ :, 16 DQWHV GH VHJXLU DGHODQWH 3DUD 'LUHFFLRQDPLHQWR GLQiPLFR 6HFFLyQ SiJLQDV D 3DUD 'LUHFFLRQDPLHQWR HVWiWLFR 6HFFLyQ SiJLQDV D 8QD YH] FRQILJXUDGD OD LPSUHVRUD FRQ ORV DMXVWHV 7&3, 3 DGHFXDGRV SXHGH FRQWLQXDU FRQ OD VHFFLyQ VLJXLHQWH Qitvh ! HhhyqryhhqvvhpvyqryvrhYr9pr8rr 127$ (VWH SURFHGLPLHQWR GD SRU VHQWDGR TXH \D VH KDQ DVLJQDGR D OD 'RFXPHQW &HQWUH ORV FRPSRQHQWHV QHFHVDULRV SDUD OD LQVWDODFLyQ GH OD UHG 6L HVWRV FRPSRQHQWHV QR KDQ VLGR FRQILJXUDGRV YHD OD LQIRU PDFLyQ DGHFXDGD TXH DSDUHFH HQ OD VHFFLyQ WLWXODGD 'LUHFFLRQHV , 3 GLQiPLQDVHVWiWLFDV \ :, 16 DQWHV GH VHJXLU DGHODQWH 9HULILTXH TXH HVWp FDUJDGR HO VRIWZDUH DGHFXDGR D (Q HO HVFULWRULR KDJD FOLF FRQ HO ERWyQ GHUHFKR GHO UDWyQ VREUH HO LFRQR GH (QWRUQR GH UHG \ VHOHFFLRQH 3URSLHGDGHV +DJD FOLF VREUH OD ILFKD GH 3URWRFRORV \ YHULILTXH TXH HO SURWRFROR 7&3, 3 KD\D VLGR FDUJDGR $JUHJXH OD LPSUHVRUD D $EUD HO 3DQHO GH FRQWURO \ KDJD FOLF GRV YHFHV HQ HO LFRQR GH , PSUHVRUDV +DJD FOLF GRV YHFHV HQ $JUHJDU LPSUHVRUD 6H LQLFLDUi HO DVLVWHQWH GH DJUHJDU LPSUHVRUD E 9HULILTXH TXH HVWp VHOHFFLRQDGR 0L 3& \ KDJD FOLF HQ 6LJXLHQWH!F +DJD FOLF HQ $JUHJDU SXHUWR 'H OD OLVWD TXH DSDUHFH VHOHFFLRQH 3XHUWR /35 +DJD FOLF HQ 1XHYR SXHUWR G (VWR DEULUi OD YHQWDQD $JUHJDU LPSUHVRUD FRPSDWLEOH /35 (VFULED OD GLUHFFLyQ , 3 GH OD LPSUHVRUD 'RFXPHQW &HQWUH \ HO QRPEUH GH OD LPSUHVRUD \ VHOHFFLRQH $FHSWDU 1RWH TXH HO QRPEUH GH OD LPSUHVRUD GLVWLQJXH HQWUH PD\~VFXODV \ PLQ~VFXODV H (O DVLVWHQWH KDUi TXH YXHOYD DO GLiORJR DQWHULRU 9HULILTXH TXH OD QXHYD GLUHFFLyQ , 3 HVWp HQ OD OLVWD \ VHD FRUUHFWD HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh " 5HG GHO VHUYLGRU GH 0LFURVRIW :LQGRZV 17 E 6HOHFFLRQH OD )LFKD GH VHUYLFLRV \ YHULILTXH TXH HVWp FDUJDGR , PSUHVLyQ 0LFURVRIW 7&3, 3 6L HVWH VRIWZDUH QR HVWi SUHVHQWH LQVWiOHOR XWLOL]DQGR OD GRFXPHQWDFLyQ SURYLVWD SRU 0LFURVRIW 'HVSXpV YXHOYD DO SDVR VLJXLHQWH GH HVWH GRFXPHQWR 5HG GHO VHUYLGRU GH 0LFURVRIW 9D\D DO VHUYLGRU \ I (O FXDGUR GH YHULILFDFLyQ D OD L]TXLHUGD GH OD GLUHFFLyQ GHEH HVWDU VHOHFFLRQDGR VL QR OR HVWi VHOHFFLyQHOR \ SXOVH 6LJXLHQWH! J &RORTXH HO &'520 GH 6HUYLFLRV GH UHG GH &HQWUH:DUH \ KDJD FOLF HQ 8WLOL]DU GLVFR K +DJD FOLF HQ HO ERWyQ ([DPLQDU \ VHOHFFLRQH HO GLUHF WRULR TXH FRQWHQJD ORV FRQWURODGRUHV GH :LQGRZV 17 /RV GHWDOOHV SHUWLQHQWHV VH HQFXHQWUDQ HQ HO GRFXPHQWR WLWXODGR *XtD GH VHUYLFLRV GH UHG 6HOHFFLRQH HO DUFKLYR 35, 17(5, 1) \ KDJD FOLF HQ $EULU L (O DVLVWHQWH KDUi TXH YXHOYD DO GLiORJR DQWHULRU 9HULILTXH TXH OD UXWD GH DFFHVR \ HO QRPEUH GHO DUFKLYR VHDQ FRUUHFWRV \ KDJD FOLF HQ $FHSWDU (Q HO GLiORJR VLJXLHQWH LQWURGX]FD XQ QRPEUH SDUD OD LPSUHVRUD \ HOLMD VL TXLHUH TXH OD LPSUHVRUD VHD OD SUHGHWHUPLQDGD +DJD FOLF VREUH 6LJXLHQWH! M N 6L OD LPSUHVRUD QR YD D VHU FRPSDUWLGD KDJD FOLF VREUH 6LJXLHQWH! [. . . ] ' HhhyqryhhqvvhpvyqryvrhYr9pr8rr 5HTXLVLWRV JHQHUDOHV GH LQVWDODFLyQ (OHPHQWR . LW GH 6HUYLFLRV GH H[SORUDFLyQ GH 'RFXPHQW &HQWUH 1RPEUH GH XVXDULR GH H[SORUDFLyQ 2EMHWLYR (VWH NLW GHEH HVWDU LQVWDODGR DQWHV GH FRQWLQXDU FRQ ORV SDVRV GH LQVWDODFLyQ GH HVWH FDStWXOR $O H[SORUDU XQ GRFXPHQWR OD 'RFXPHQW &HQWUH HQWUD HQ OD FXHQWD GH XVXDULR FRQ HO QRPEUH \ OD FODYH GH DFFHVR GH XVXDULR WUDQVILHUH HO DUFKLYR DO VHUYLGRU \ OXHJR VH GHVFRQHFWD $O H[SORUDU XQ GRFXPHQWR OD 'RFXPHQW &HQWUH HQWUD HQ OD FXHQWD GH XVXDULR FRQ HO QRPEUH \ OD FODYH GH DFFHVR GH XVXDULR WUDQVILHUH HO DUFKLYR DO VHUYLGRU \ OXHJR VH GHVFRQHFWD 'RFXPHQW &HQWUH H[SORUD OD FRSLD GH SDSHO GHO GRFXPHQWR \ OD JXDUGD HOHFWUyQLFDPHQWH HQ XQ GHSyVLWR GHO VHUYLGRU GH DUFKLYRV GHVLJQDGR /RV GHSyVLWRV VRQ GLUHFWRULRV R GHVWLQRV GH DUFKLYR GRQGH ORV GRFXPHQWRV VH DOPDFHQDQ \ UHWLHQHQ HQ FDUSHWDV GH IRUPDWR ;60 DOPDFH QDMH GH GRFXPHQWRV ;HUR[ (O QRPEUH GH OD FDUSHWD SUHILMDGD HV '2&;60 (O QRPEUH GHO GHSyVLWR QR SXHGH WHQHU PiV GH FDUDFWHUHV 3DUD XQD LQVWDODFLyQ 1'6 DVLJQH OD 'RFXPHQW &HQWUH D XQ iUERO 1'6 3DUD XQD LQVWDODFLyQ %LQGHU\ DMXVWH HO iUERO 1'6 D XQ JXLyQ SDUD LQKDELOLWDU 1'6 3URSRUFLRQDGR SRU ;HUR[ &OLHQWH &ODYH GH DFFHVR GHO XVXDULR GH H[SORUDFLyQ &OLHQWH 6HUYLGRU GHO GHSyVLWR GH DUFKLYRV 'LUHFWRULR GH GHSyVLWR &OLHQWH &OLHQWH UERO 1'6 &OLHQWH &RQWH[WR 1'6 3DUD XQD LQVWDODFLyQ %LQGHU\ DMXVWH HO FRQWH[WR 1'6 D XQ JXLyQ SDUD LQKDELOLWDU 1'6 HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!( &RQILJ GH H[SORUDFLyQ VLQ 3DUD XQD LQVWDODFLyQ 1'6 DVLJQH OD 'RFXPHQW &HQWUH D XQ FRQWH[WR GH QRPEUH 1'6 &OLHQWH &RQILJ GH H[SORUDFLyQ VLQ &RQILJXUDFLyQ GH OD H[SORUDFLyQ (QWUH HQ OD IXQFLyQ SULQFLSDO +HUUDPLHQWDV D 3XOVH HO ERWyQ $FFHVR R  E (Q HO WHFODGR QXPpULFR LQWURGX]FD R OD FODYH GH DFFHVR DFWXDO 3XOVH HO ERWyQ , QWUR FXDQGR WHUPLQH $ PHQRV TXH VH LQGLTXH OR FRQWUDULR OD SDQWDOOD WiFWLO VH XVDUi SDUD HO UHVWR GH OD HQWUDGD GH GDWRV (QWUH HQ HO PHQ~ &RQILJXUDFLRQHV GH H[SORUDFLyQ SRU UHG D 3XOVH 0iV KDVWD TXH HO ERWyQ &RQILJXUDFLRQHV GH H[SORUDFLyQ SRU UHG DSDUH]FD HQ OD SDQWDOOD WiFWLO HO Q~PHUR GH YHFHV TXH VH GHEH SXOVDU HO ERWyQ 0iV GHSHQGH GH ODV RSFLRQHV TXH HVWpQ LQVWDODGDV HQ VX 'RFXPHQW &HQWUH E 3XOVH HO ERWyQ 6HOHFFLRQHV SDUD DOPDFHQDMH GH H[SORUDFLRQHV F 6HOHFFLRQH HO ERWyQ 1HW:DUH $MXVWH HO QRPEUH GH FRQH[LyQ XVDGR SRU OD 'RFXPHQW &HQWUH SDUD FRQHFWDUVH DO VHUYLGRU GHO GHSyVLWR GH H[SORUDFLyQ D 3XOVH HO ERWyQ &RQH[LyQ \ DSDUHFHUi OD SDQWDOOD 1RPEUH GH FRQH[LyQ 35(&$8&, 1 (O QRPEUH GH FRQH[LyQ HV HO QRPEUH GH OD FXHQWD GH XVXDULR GH H[SORUDFLyQ 'HEH LQWURGXFLUVH H[DFWDPHQWH LJXDO DO QRPEUH TXH LQWURGXMR DO FUHDU OD FXHQWD FRQ 6<6&21 R 1:$'0, 1 6L ORV QRPEUHV QR FRLQFLGHQ H[DFWDPHQWH 'RFXPHQW &HQWUH QR SRGUi FRQHFWDUVH FRQ HO VHUYLGRU GH DUFKLYRV E 3XOVH 1RPEUH GH FRQH[LyQ \ XVH HO WHFODGR QXPpULFR GH OD SDQWDOOD WiFWLO SDUD LQWURGXFLU HO QRPEUH GH FRQH[LyQ GH OD FXHQWD FUHDGD F 3XOVH *XDUGDU SDUD UHWHQHU ORV DMXVWHV \ FRQWLQXDU Qitvh!! HhhyqryhhqvvhpvyqryvrhYr9pr8rr D 3XOVH &ODYH GH DFFHVR \ DSDUHFHUi OD SDQWDOOD GH OD FODYH GH DFFHVR 35(&$8&, 1 (VWD HV OD FODYH GH DFFHVR SDUD OD FXHQWD GH XVXDULR GH H[SORUDFLyQ 'HEH LQWURGXFLUVH H[DFWDPHQWH LJXDO DO QRPEUH TXH LQWURGXMR DO FUHDU OD FXHQWD FRQ 6<6&21 R 1:$'0, 1 6L ORV QRPEUHV QR FRLQFLGHQ H[DFWDPHQWH 'RFXPHQW &HQWUH QR SRGUi FRQHFWDUVH FRQ HO VHUYLGRU GH DUFKLYRV E 3XOVH &ODYH GH DFFHVR \ XVH HO WHFODGR QXPpULFR GH OD SDQWDOOD WiFWLO SDUD LQWURGXFLU OD FODYH GH DFFHVR GH OD FXHQWD FUHDGD UHVSHWH PD\~VFXODV \ PLQ~VFXODV F 3XOVH *XDUGDU SDUD UHWHQHU ORV DMXVWHV \ FRQWLQXDU G 3XOVH *XDUGDU QXHYDPHQWH SDUD YROYHU D OD SDQWDOOD GH 6HOHFFLRQHV SDUD DOPDFHQDMH GH H[SORUDFLyQ HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!! &RQILJ GH H[SORUDFLyQ VLQ &RQILJ GH H[SORUDFLyQ VLQ $MXVWH OD FODYH GH DFFHVR XVDGD SRU 'RFXPHQW &HQWUH SDUD FRQHFWDUVH DO VHUYLGRU GHO GHSyVLWR GH H[SORUDFLRQHV $MXVWH OD UXWD GHO DOPDFHQDMH GH H[SORUDFLRQHV D 3XOVH HO ERWyQ 5XWD E $SDUHFHUi OD SDQWDOOD 5XWD 3XOVH HO ERWyQ 5XWD \ XVH HO WHFODGR GH OD SDQWDOOD WiFWLO SDUD LQWURGXFLU OD UXWD GHO GHSyVLWR GH H[SORUDFLyQ FUHDGR SDUD 'RFXPHQW &HQWUH UHVSHWH ODV PD\~VFXODV \ ODV PLQ~VFXODV F 3XOVH *XDUGDU QXHYDPHQWH SDUD YROYHU D OD SDQWDOOD GH ORV DMXVWHV SDUD HO DOPDFHQDMH GH H[SORUDFLyQ $MXVWH HO QRPEUH \ HO YROXPHQ GHO VHUYLGRU DO TXH VHUiQ HQYLDGRV ORV ID[HV D 3XOVH HO ERWyQ 6HUYLGRU \ YROXPHQ E 3XOVH HO ERWyQ 1RPEUH GHO VHUYLGRU \ XVH HO WHFODGR QXPpULFR GH OD SDQWDOOD WiFWLO SDUD LQWURGXFLU HO QRPEUH GHO VHUYLGRU GH OD FXHQWD FUHDGD UHVSHWH PD\~VFXODV \ PLQ~VFXODV $O ILQDOL]DU SXOVH HO ERWyQ *XDUGDU F 3XOVH HO ERWyQ 9ROXPHQ GHO VHUYLGRU \ XVH HO WHFODGR QXPpULFR GH OD SDQWDOOD WiFWLO SDUD LQWURGXFLU HO QRPEUH GHO VHUYLGRU GH OD FXHQWD FUHDGD UHVSHWH PD\~VFXODV \ PLQ~VFXODV $O ILQDOL]DU SXOVH HO ERWyQ *XDUGDU 127$ 6H UHFRPLHQGD QR XVDU XQ GLUHFWRULR HQ HO YROXPHQ 6<6 \D TXH VH SXHGH OOHQDU UiSLGDPHQWH FRQ DUFKLYRV HVFDQHDGRV G 5HJUHVDUi D OD SDQWDOOD 6HOHFFLRQHV SDUD DOPDFHQDMH GH H[SORUDFLyQ Qitvh!!! HhhyqryhhqvvhpvyqryvrhYr9pr8rr 127$ &RQVXOWH OD LQIRUPDFLyQ TXH VH PXHVWUD HQ 1:$'0, 1 \ OD GRFXPHQWDFLyQ 1HW:DUH SDUD REWHQHU D\XGD SDUD GHWHUPLQDU HO QRPEUH GHO iUERO 1'6 \ HO FRQWH[WR D 3XOVH HO ERWyQ $MXVWHV 1'6 8Q HMHPSOR GH OD LQIRUPDFLyQ GHO FRQWH[WR 1'6 QHFHVDULR HQ HVWH FDPSR HV 28 $$$$$2 %%%%%& &&&&& GRQGH $$$$$ UHSUHVHQWD HO QRPEUH GH OD XQLGDG GH RUJDQL]DFLyQ 3XHGH KDEHU PiV GH XQD XQLGDG HQ HO FRQWH[WR 1'6 %%%%% HV HO QRPEUH GH OD RUJDQL]DFLyQ &&&&& UHSUHVHQWD HO QRPEUH GHO SDtV HQ HO TXH VH HQFXHQWUD 8Q HMHPSOR GHO FRQWH[WR 1'6 FRPSOHWR HV 28 6+, 33, 1*28 0$18)$&785, 1*2 ;(52;& 86 (Q HVWH HMHPSOR 6+, 33, 1* HV XQD XQLGDG GH RUJDQL]DFLyQ GHQWUR GH 0$18)$&785, 1* TXH D VX YH] HV XQD XQLGDG GH RUJDQL]DFLyQ GHQWUR GH ;(52; (O 86 (VWDGRV 8QLGRV HV HO SDtV HQ GRQGH H[LVWHQ HVWDV RUJDQL]DFLRQHV E 3XOVH HO ERWyQ &RQWH[WR 1'6 \ XVH HO WHFODGR QXPpULFR GH OD SDQWDOOD WiFWLO SDUD LQWURGXFLU HO FRQWH[WR 1'6 GH OD FXHQWD FUHDGD UHVSHWH PD\~VFXODV \ PLQ~VFXODV $O ILQDOL]DU SXOVH HO ERWyQ *XDUGDU F G 3XOVH HO ERWyQ 6DOLU GH +HUUDPLHQWDV HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!!" &RQILJ GH H[SORUDFLyQ VLQ 3XOVH HO ERWyQ UERO 1'6 \ XVH HO WHFODGR QXPpULFR GH OD SDQWDOOD WiFWLO SDUD LQWURGXFLU HO QRPEUH GHO iUERO 1'6 GH OD FXHQWD FUHDGD UHVSHWH PD\~VFXODV \ PLQ~VFXODV $O ILQDOL]DU SXOVH HO ERWyQ *XDUGDU &RQILJ GH H[SORUDFLyQ VLQ &RQILJXUH ORV DMXVWHV 1'6 SDUD HO DOPDFHQDMH GH H[SORUDFLyQ VDOWHH HVWH SDVR VL QR VH HVWi FRQHFWDQGR FRQ XQ VHUYLGRU 1'6 6H UHFRPLHQGD LQVWDODU HO VRIWZDUH 9LVLRQHHU 3DSHU3RUW TXH VH HQFXHQWUD HQ HO &' 520 LQFOXLGR HQ OD 'RFXPHQW &HQWUH DO FRPSUDU ORV 6HUYLFLRV GH , QWHUQHW 'HEH LQVWDODU HVWH VRIWZDUH HQ FDGD HVWDFLyQ GH WUDEDMR GHO FOLHQWH 3DSHU3RUW OH SHUPLWH DQRWDU RUJDQL]DU DUFKLYDU \ XELFDU ORV GRFXPHQWRV 7, )) H[SORUDGRV 'HVSXpV GH H[SORUDU HO GRFX PHQWR HQ OD 'RFXPHQW &HQWUH SXHGH DFFHGHU D 3DSHU3RUW \ UHFX SHUDU HO DUFKLYR H[SORUDGR GHQWUR GH OD DSOLFDFLyQ 3DSHU3RUW &RQ ORV HQODFHV 3DSHU3RUW SXHGH WUDQVIHULU GRFXPHQWRV HQWUH HO HVFULWRULR GH 3DSHU3RUW \ RWUDV DSOLFDFLRQHV \ GLVSRVLWLYRV GH VX HVWDFLyQ GH WUDEDMR 3DSHU3RUW FRQWLHQH HQODFHV D YDULRV WLSRV GH DSOLFDFLRQHV \ GLVSRVLWLYRV LQFOX\HQGR DSOLFDFLRQHV GH ID[ HOHFWUyQLFR DSOLFDFLRQHV GH FRUUHR HOHFWUyQLFR (0DLO DSOLFDFLRQHV GH UHFRQRFLPLHQWR ySWLFR GH FDUDFWHUHV 2&5 LPSUHVRUDV DGPLQLVWUDGRUHV GH LQIRUPDFLyQ GH SHUVRQDO 3, 0 VLVWHPDV GH FRQWURO GH GRFXPHQWRV Qitvh!!# HhhyqryhhqvvhpvyqryvrhYr9pr8rr ([SORUDFLyQ GH SUXHED $ &RORTXH HO GRFXPHQWR TXH GHVHH H[SORUDU HQ HO DOLPHQWDGRU GH RULJLQDOHV R FRORTXH OD SULPHUD SiJLQD HQ HO FULVWDO GH H[SRVLFLyQ % 6HOHFFLRQH ([SORUDU HQ OD SDQWDOOD WiFWLO GH 'RFXPHQW &HQWUH & /RV WUDEDMRV H[SORUDGRV VH EDVDQ HQ SODQWLOODV TXH FRQWLHQHQ VHOHFFLRQHV SURJUDPDGDV SDUD VX WUDEDMR 9HULILTXH TXH GHIDXOW[VW HVWp UHVDOWDGR HQ OD OLVWD GH OD SODQWLOOD GH H[SORUDFLyQ 6H WUDWD GH OD SODQWLOOD SUHILMDGD ' 6L GHVHD VHOHFFLRQH 0iV IXQFLRQHV GH H[SORUDFLyQ \ PRGLILTXH OD SODQWLOOD HQ OD SDQWDOOD WiFWLO GH 'RFXPHQW &HQWUH VHOHFFLRQDQGR OD ILFKD $MXVWHV GH H[SORUDFLyQ 7RGR FDPELR TXH VH OOHYH D DFDER GHVGH OD SDQWDOOD WiFWLO VROR VH DSOLFD DO WUDEDMR HQ FXUVR /RV DMXVWHV GH ODV SODQWLOODV VH UHVWDXUDUiQ GHVSXpV GH ILQDOL]DU HO WUDEDMR GH H[SORUDFLyQ ( 3XOVH HO ERWyQ &RPHQ]DU 'HVSXpV GH H[SORUDU HO WUDEDMR 'RFXPHQW &HQWUH DUFKLYD ID[HD H LPSULPH ORV WUDEDMRV GH OD PDQHUD HVSHFLILFDGD HQ OD SODQWLOOD GH H[SORUDFLyQ SUHILMDGD [VW $O ILQDOL]DU VH LPSULPLUi XQD KRMD GH FRQILUPDFLyQ VL HVWi KDELOLWDGD TXH GHVFULEH ORV UHVXOWDGRV GHO WUDEDMR ) (O SURFHVR SDUD XQ WUDEDMR GH XQD SiJLQD WRPD DSUR[LPDGDPHQWH XQ PLQXWR 7RPDUi PiV WLHPSR VL WLHQH SiJLQDV P~OWLSOHV H[SORUDGDV 'HVSXpV FRPSUXHEH TXH HO DUFKLYR H[SORUDGR VH DOPDFHQy HQ HO GHSyVLWR GHVLJQDGR GHO VHUYLGRU GH DUFKLYRV * 'RFXPHQW &HQWUH FUHD XQ DUFKLYR 7, )) DSDUWH SRU FDGD SiJLQD TXH H[SORUD $ PHQRV TXH OD RSFLyQ 7, )) PXOWLSiJLQD HVWp DFWLYDGD \D TXH DO DFWLYDU HVWD RSFLyQ VH FUHDUi VROR XQ DUFKLYR 7, )) SDUD WRGR HO GRFXPHQWR GH YDULDV SiJLQDV /DV SiJLQDV VH QXPHUDQ HQ VHFXHQFLD /RV DUFKLYRV VH DOPDFHQDUiQ HQ HO VHUYLGRU GH DUFKLYRV \ OD UXWD GHO GLUHFWRULR VH HVSHFLILFDUi GHQWUR GH OD SODQWLOOD 127$ 6L OD RSHUDFLyQ GH H[SORUDFLyQ QR VH OOHYD D FDER FRQ p[LWR YHULILTXH OD KRMD GH FRQILUPDFLyQ SDUD HQFRQWUDU XQ PHQVDMH R LQIRUPDFLyQ TXH SXHGD D\XGDUOH D LGHQWLILFDU OD FDXVD GHO SUREOHPD HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!!$ &RQILJ GH H[SORUDFLyQ VLQ &RQILJ GH H[SORUDFLyQ VLQ + (O DUFKLYR H[SORUDGR VH WUDQVILHUH D XQD FDUSHWD HQ OD FXHQWD GHO HVFiQHU GHO VHUYLGRU GH DUFKLYRV /D H[WHQVLyQ ;60 HQ OD FDUSHWD UHSUHVHQWD HO IRUPDWR GH DOPDFHQDMH GH GRFXPHQWRV ;HUR[ TXH HVWi GLVHxDGR SDUD VLPSOLILFDU OD LQWHJUDFLyQ FRQ DSOLFDFLRQHV GH VRIWZDUH GH WHUFHURV , (Q OD HVWDFLyQ GH WUDEDMR YHD R OLVWH OD UXWD GHO GLUHFWRULR GH OD FXHQWD GHO HVFiQHU GHO VHUYLGRU GH DUFKLYRV /D RSHUDFLyQ GH H[SORUDFLyQ FUHy XQD FDUSHWD FRQ HO QRPEUH '2&;60 - $EUD OD FDUSHWD '2&;60 (Q HVWD FDUSHWD YHUi YDULRV DUFKLYRV 7, ) 7, ) SRU HMHPSOR VRQ LPiJHQHV 7, )) GH ODV SiJLQDV H[SORUDGDV (V SRVLEOH TXH KD\D YDULRV DUFKLYRV 7, )) VL HO GRFXPHQWR WLHQH PiV GH XQD SiJLQD R VL KD VHOHFFLRQDGR $JUHJDU DO ILQDO SDUD 1RUPD SDUD DUFKLYDU \ VH KD H[SORUDGR PiV GH XQ GRFXPHQWR &DGD SiJLQD GHO GRFXPHQWR HVWi UHSUHVHQWDGD SRU XQ DUFKLYR 7, )) GLIHUHQWH $ PHQRV TXH OD RSFLyQ 7, )) PXOWLSiJLQD HVWp DFWLYDGD \D TXH DO DFWLYDU HVWD RSFLyQ VH FUHDUi VROR XQ DUFKLYR 7, )) SDUD WRGR HO GRFXPHQWR GH YDULDV SiJLQDV 127$ 'RFXPHQW &HQWUH HV FRPSDWLEOH FRQ IRUPDWRV GH DUFKLYRV 7, )) 1(76&$1'$7 HV XQ DUFKLYR $6&, , TXH FRQWLHQH ORV QRPEUHV GH ORV DUFKLYRV 7, )) H[SORUDGRV HQ OD ~OWLPD RSHUDFLyQ GH H[SORUDFLyQ (VWH DUFKLYR VH DFWXDOL]D FDGD YH] TXH VH DUFKLYD XQ GRFXPHQWR 7, ) 1(;71$0('$7 HV XQ DUFKLYR $6&, , TXH FRQWLHQH HO QRPEUH GHO SUy[LPR DUFKLYR 7, ) GLVSRQLEOH (VWH QRPEUH VH FRQWUROD \ DXPHQWD EDVDGR HQ OD QRUPD SDUD DUFKLYDU HVSHFLILFDGD HQ OD SODQWLOOD GHO WUDEDMR 1(76&$1;67 FRQWLHQH OD LQIRUPDFLyQ GH OD SODQWLOOD GHO ~OWLPR DUFKLYR H[SORUDGR 7DPELpQ VH OR XWLOL]D FRPR XQ DUFKLYR GH KLVWRULDOHV GHO HVWDGR \ FRPR RULJHQ GH LQIRUPDFLyQ SDUD HO SRVWSURFHVDPLHQWR ;60'(6&'$7 HV XQ DUFKLYR $6&, , TXH FRQWLHQH HO QRPEUH GHO GRFXPHQWR FDUDFWHUHV Qitvh!!% HhhyqryhhqvvhpvyqryvrhYr9pr8rr / (O HVFiQHU HVWi SUHSDUDGR SDUD OOHYDU D FDER XQD H[SORUDFLyQ /DV RSHUDFLRQHV GH H[SORUDFLyQ VXEVLJXLHQWHV VH SRGUiQ PRGLILFDU FDPELDQGR ODV VHOHFFLRQHV HQ OD SODQWLOOD SUHILMDGD SRU PHGLR GH OD SDQWDOOD WiFWLO GH OD 'RFXPHQW &HQWUH 0 (O SURFHVR GH LQVWDODFLyQ VH KD FRPSOHWDGR HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!!& &RQILJ GH H[SORUDFLyQ VLQ &RQILJ GH H[SORUDFLyQ VLQ . $KRUD VH SXHGH LPSRUWDU HO DUFKLYR 7, )) D FXDOTXLHU DSOLFDFLyQ GH VRIWZDUH TXH DFHSWH DUFKLYRV 7, )) &RQILJXUDFLyQ GH OD H[SORUDFLyQ )73 )LOH 7UDQVIHU 3URWRFRO $QWHV GH FRPHQ]DU $QWHV GH FRPHQ]DU HO SURFHGLPLHQWR GH LQVWDODFLyQ OOHYH D FDER OR VLJXLHQWH $VHJ~UHVH GH TXH OD 'RFXPHQW &HQWUH HVWp FRQHFWDGD FRQILJXUDGD \ IXQFLRQDQGR FRUUHFWDPHQWH FRPR LPSUHVRUD GH UHG $VHJ~UHVH GH TXH ORV VHUYLFLRV )73 VH HVWpQ HMHFXWDQGR HQ XQD SODWDIRUPD HQ OD UHG 6L ORV VHUYLFLRV )73 VH HMHFXWDQ HQ XQ VHUYLGRU GH :LQGRZV 17 12 VHOHFFLRQH 3HUPLWLU VyOR FRQH[LRQHV DQyQLPDV &UHH XQD FXHQWD GH XVXDULR SDUD HO HVFiQHU 6L OD FXHQWD VH FUHD HQ XQ VHUYLGRU :LQGRZV 17 VHOHFFLRQH (O XVXDULR QR SXHGH FDPELDU OD FRQWUDVHxD \ /D FRQWUDVHxD QXQFD FDGXFD DO DMXVWDU OD FODYH GH DFFHVR \ KDJD XQD VHOHFFLyQ GH PDQHUD TXH OD FRQH[LyQ VHD ORFDO EDMR 'HUHFKRV GH XVXDULR &UHH XQ GLUHFWRULR SDUD XVDU FRPR GHSyVLWR SDUD ORV DUFKLYRV H[SORUDGRV 6L HO GLUHFWRULR VH FUHD HQ XQ VHUYLGRU GH :LQGRZV 17 LQWURGX]FD HO QRPEUH GH XVXDULR GHO HVFiQHU HQ HO FXDGUR $OLDV \ VHOHFFLRQH ORV DFFHVRV GH HVFULWXUD \ OHFWXUD Qitvh!!' HhhyqryhhqvvhpvyqryvrhYr9pr8rr 2SFLRQHV GH FRQILJXUDFLyQ 6H SXHGHQ XWLOL]DU GRV SURFHGLPLHQWRV SDUD FRQILJXUDU OD H[SORUDFLyQ FRQ p[LWR /HD OD LQIRUPDFLyQ PiV DEDMR \ HOLMD HO SURFHGLPLHQWR TXH XVDUi SDUD FRPSOHWDU OD LQVWDODFLyQ &RQILJXUDFLyQ GH OD H[SORUDFLyQ 3DUD FRPSOHWDU OD LPSOHPHQWDFLyQ QDWLYD GH OD H[SORUDFLyQ GH VX HQWRUQR 1HW:DUH YD\D D OD VHFFLyQ GH HVWH FDStWXOR WLWXODGD &RQILJXUDFLyQ GH OD H[SORUDFLyQ DKRUD 8VH ORV 6HUYLFLRV GH , QWHUQHW &HQWUH:DUH GH ;HUR[ 6H WLHQH DFFHVR D ORV 6HUYLFLRV GH , QWHUQHW &HQWUH:DUH GH ;HUR[ D WUDYpV GHO VHUYLGRU +773 LQFUXVWDGR HQ 'RFXPHQW &HQWUH TXH SHUPLWH DO DGPLQLVWUDGRU GHO VLVWHPD \ D ORV XVXDULRV FRQILJXUDU ORV DMXVWHV GH H[SORUDFLyQ (VWR VH ORJUD XVDQGR XQ EXVFDGRU GH , QWHUQHW FRPR 1HW6FDSH YHUVLyQ [ R SRVWHULRU R 0LFURVRIW , QWHUQHW ([SORUHU YHUVLyQ [ R SRVWHULRU $O XVDU ORV 6HUYLFLRV GH , QWHUQHW SXHGH &UHDU QXHYDV SODQWLOODV GH H[SORUDFLyQ $FWXDOL]DU ODV SODQWLOODV GH H[SORUDFLyQ H[LVWHQWHV 0RGLILFDU ODV FRQILJXUDFLRQHV GH H[SORUDFLyQ LQFOX\HQGR ODV XELFDFLRQHV GH GHSyVLWRV GH GRFXPHQWRV KDELOLWDU H LQKDELOLWDU ODV KRMDV GH FRQILUPDFLyQ \ FDPELDU ORV SURWRFRORV GH DUFKLYR +DELOLWDU ORV 7, )) PXOWLSiJLQD TXH FUHDUiQ XQ DUFKLYR 7, )) VLPSOH SDUD XQ GRFXPHQWR GH YDULDV SiJLQDV HQ YH] GH XQ DUFKLYR 7, )) SRU FDGD SiJLQD HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!!( &RQILJ GH H[SORUDFLyQ VLQ &RQILJ GH H[SORUDFLyQ VLQ &DOLGDG GH LPDJHQ GH OD VDOLGD (O 7, )) PXOWLSiJLQD VH SXHGH KDELOLWDU XVDQGR ORV 6HUYLFLRV GH , QWHUQHW &HQWUH:DUH GH ;HUR[ $O KDELOLWDU HO DUFKLYR 7, )) PXOWLSiJLQD VH FUHDUi XQ DUFKLYR 7, )) VLPSOH GH XQ GRFXPHQWR GH YDULDV SiJLQDV (VWH DUFKLYR 7, )) VLPSOH HVWDUi IRUPDGR SRU WRGDV ODV SiJLQDV GHO GRFXPHQWR 1R VH FUHDUi XQD FDUSHWD ;60 DO H[SORUDU HQ HO PRGR 7, )) PXOWLSiJLQD (Q HO GHSyVLWR VH DOPDFHQDUi XQ DUFKLYR 7, )) VLPSOH \ XQ DUFKLYR GH KLVWRULDO [VW SRU FDGD GRFXPHQWR GH YDULDV SiJLQDV TXH VH H[SORUH 35(&$8&, 1 1R WRGDV ODV DSOLFDFLRQHV DFHSWDUiQ HO IRUPDWR 7, )) PXOWLSiJLQD /DV DSOLFDFLRQHV TXH QR VHDQ FRPSDWLEOHV FRQ ORV 7, )) PXOWLSiJLQD LPSRUWDUiQ \ PRVWUDUiQ OD SULPHUD SiJLQD GHO GRFXPHQWR VRODPHQWH 6L YD D XVDU ORV 6HUYLFLRV GH , QWHUQHW &HQWUH:DUH SDUD FRPSOHWDU OD LQVWDODFLyQ OOHYH D FDER ORV SDVRV VLJXLHQWHV $ &RQVXOWH HO PDQXDO WLWXODGR *XtD GH 6HUYLFLRV GH , QWHUQHW % 6LJD ODV LQVWUXFFLRQHV TXH VH HQFXHQWUDQ HQ OD VHFFLyQ GHO FDStWXOR WLWXODGR &RQILJXUDFLyQ GH OD LPSUHVRUD & )LQDOPHQWH FRQVXOWH OD VHFFLyQ WLWXODGD ([SORUDFLyQ GH GRFXPHQWRV GH OD *XtD GH 6HUYLFLRV GH , QWHUQHW \ VLJD ODV LQVWUXFFLRQHV Qitvh!" HhhyqryhhqvvhpvyqryvrhYr9pr8rr 5HTXLVLWRV JHQHUDOHV GH LQVWDODFLyQ (OHPHQWR . LW GH 6HUYLFLRV GH H[SORUDFLyQ GH 'RFXPHQW &HQWUH 1RPEUH GH XVXDULR GH H[SORUDFLyQ 2EMHWLYR (VWH NLW GHEH HVWDU LQVWDODGR DQWHV GH FRQWLQXDU FRQ ORV SDVRV GH LQVWDODFLyQ GH HVWH FDStWXOR $O H[SORUDU XQ GRFXPHQWR OD 'RFXPHQW &HQWUH HQWUD HQ OD FXHQWD GH XVXDULR FRQ HO QRPEUH \ OD FODYH GH DFFHVR GH XVXDULR WUDQVILHUH HO DUFKLYR DO VHUYLGRU \ OXHJR VH GHVFRQHFWD $O H[SORUDU XQ GRFXPHQWR OD 'RFXPHQW &HQWUH HQWUD HQ OD FXHQWD GH XVXDULR FRQ HO QRPEUH \ OD FODYH GH DFFHVR GH XVXDULR WUDQVILHUH HO DUFKLYR DO VHUYLGRU \ OXHJR VH GHVFRQHFWD 'RFXPHQW &HQWUH H[SORUD OD FRSLD GH SDSHO GHO GRFXPHQWR \ OD JXDUGD HOHFWUyQLFD PHQWH HQ XQ GHSyVLWR GHO VHUYLGRU GH DUFKLYRV GHVLJQDGR /RV GHSyVLWRV VRQ GLUHFWRULRV R GHVWLQRV GH DUFKLYR GRQGH VH DOPDFHQDQ ORV GRFXPHQWRV \ VH UHWLHQHQ HQ FDUSHWDV GH IRUPDWR ;60 DOPDFHQDMH GH GRFXPHQWRV ;HUR[ (O QRPEUH GH OD FDUSHWD SUHILMDGD HV '2&;60 (O QRPEUH GHO GHSyVLWR QR SXHGH WHQHU PiV GH FDUDFWHUHV 3URSRUFLRQDGR SRU ;HUR[ &OLHQWH &ODYH GH DFFHVR GHO XVXDULR GH H[SORUDFLyQ &OLHQWH 6HUYLGRU GHO GHSyVLWR GH DUFKLYRV &OLHQWH 'LUHFWRULR GH GHSyVLWR &OLHQWH HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!" &RQILJ GH H[SORUDFLyQ VLQ &RQILJ GH H[SORUDFLyQ VLQ &RQILJXUDFLyQ GH OD H[SORUDFLyQ (QWUH HQ OD IXQFLyQ SULQFLSDO +HUUDPLHQWDV D 3XOVH HO ERWyQ $FFHVR R  E (Q HO WHFODGR QXPpULFR LQWURGX]FD R OD FODYH GH DFFHVR DFWXDO 3XOVH HO ERWyQ , QWUR FXDQGR WHUPLQH $ PHQRV TXH VH LQGLTXH OR FRQWUDULR OD SDQWDOOD WiFWLO VH XVDUi SDUD HO UHVWR GH OD HQWUDGD GH GDWRV F D 3XOVH HO ERWyQ , U D +HUUDPLHQWDV 3XOVH 0iV KDVWD TXH HO ERWyQ &RQILJXUDFLRQHV GH H[SORUDFLyQ SRU UHG DSDUH]FD HQ OD SDQWDOOD WiFWLO HO Q~PHUR GH YHFHV TXH VH GHEH SXOVDU HO ERWyQ 0iV GHSHQGH GH ODV RSFLRQHV TXH HVWpQ LQVWDODGDV HQ VX 'RFXPHQW &HQWUH (QWUH HQ HO PHQ~ &RQILJXUDFLRQHV GH H[SORUDFLyQ SRU UHG E 3XOVH HO ERWyQ 6HOHFFLRQHV SDUD DOPDFHQDMH GH H[SORUDFLRQHV F 6HOHFFLRQH HO ERWyQ )73 $MXVWH HO QRPEUH GH FRQH[LyQ XVDGR SRU OD 'RFXPHQW &HQWUH SDUD FRQHFWDUVH DO VHUYLGRU GHO GHSyVLWR GH H[SORUDFLyQ 35(&$8&, 1 (O QRPEUH GH FRQH[LyQ HV HO QRPEUH GH OD FXHQWD GH XVXDULR GH H[SORUDFLyQ 'HEH LQWURGXFLUVH H[DFWDPHQWH LJXDO DO QRPEUH TXH LQWURGXMR DO FUHDU OD FXHQWD 6L ORV QRPEUHV QR FRLQFLGHQ H[DFWDPHQWH 'RFXPHQW &HQWUH QR SRGUi FRQHFWDUVH FRQ ORV VHUYLFLRV )73 $OJXQRV VHUYLFLRV )73 GLIHUHQFLDQ HQWUH PD\~VFXODV \ PLQ~VFXODV D 3XOVH HO ERWyQ &RQH[LyQ \ DSDUHFHUi OD SDQWDOOD 1RPEUH GH FRQH[LyQ E 3XOVH HO ERWyQ 1RPEUH GH FRQH[LyQ Qitvh!"! HhhyqryhhqvvhpvyqryvrhYr9pr8rr F G 3XOVH *XDUGDU SDUD UHWHQHU ORV DMXVWHV $MXVWH OD FODYH GH DFFHVR XVDGD SRU 'RFXPHQW &HQWUH SDUD FRQHFWDUVH DO VHUYLGRU GHO GHSyVLWR GH H[SORUDFLRQHV 35(&$8&, 1 (VWD HV OD FODYH GH DFFHVR SDUD OD FXHQWD GH XVXDULR GH H[SORUDFLyQ 'HEH LQWURGXFLUVH H[DFWDPHQWH LJXDO DO QRPEUH TXH LQWURGXMR DO FUHDU OD FXHQWD 6L OD FODYH GH DFFHVR QR FRLQFLGH H[DFWDPHQWH 'RFXPHQW &HQWUH QR SRGUi FRQHFWDUVH FRQ ORV VHUYLFLRV )73 5HFXHUGH TXH ORV VHUYLFLRV )73 GLIHUHQFLDQ HQWUH PD\~VFXODV \ PLQ~VFXODV D 3XOVH &ODYH GH DFFHVR \ DSDUHFHUi OD SDQWDOOD GH OD FODYH GH DFFHVR 8VH HO WHFODGR QXPpULFR GH OD SDQWDOOD WiFWLO SDUD LQWURGXFLU OD FODYH GH DFFHVR GH OD FXHQWD FUHDGD UHVSHWH PD\~VFXODV \ PLQ~VFXODV , QWURGX]FD OD FODYH GH DFFHVR QXHYDPHQWH HQ OD SDQWDOOD GH FRQILUPDFLyQ 3XOVH *XDUGDU QXHYDPHQWH SDUD YROYHU D OD SDQWDOOD GH ORV DMXVWHV SDUD HO DOPDFHQDMH GH H[SORUDFLyQ 3XOVH HO ERWyQ 5XWD 8VH HO WHFODGR GH OD SDQWDOOD WiFWLO SDUD LQWURGXFLU OD UXWD GHO GHSyVLWR GH H[SORUDFLyQ FUHDGR SDUD 'RFXPHQW &HQWUH UHVSHWH ODV PD\~VFXODV \ PLQ~VFXODV E 3XOVH HO ERWyQ &ODYH GH DFFHVR F G 3XOVH *XDUGDU SDUD UHWHQHU ORV DMXVWHV H I $MXVWH OD UXWD GHO DOPDFHQDMH GH H[SORUDFLRQHV D F E $SDUHFHUi OD SDQWDOOD 5XWD 3XOVH HO ERWyQ 5XWD G 3XOVH *XDUGDU QXHYDPHQWH SDUD YROYHU D OD SDQWDOOD GH ORV DMXVWHV SDUD HO DOPDFHQDMH GH H[SORUDFLyQ HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!"" &RQILJ GH H[SORUDFLyQ VLQ &RQILJ GH H[SORUDFLyQ VLQ 8VH HO WHFODGR GH OD SDQWDOOD WiFWLO SDUD LQWURGXFLU HO QRPEUH GH FRQH[LyQ GH OD FXHQWD FUHDGD SDUD 'RFXPHQW &HQWUH UHVSHWH PD\~VFXODV \ PLQ~VFXODV $MXVWH HO QRPEUH \ HO YROXPHQ GHO VHUYLGRU DO TXH VHUiQ HQYLDGRV ORV ID[HV D 3XOVH HO ERWyQ 6HUYLGRU E 3XOVH ORV ERWRQHV WiFWLOHV HQ OD SDQWDOOD WiFWLO XQR SRU YH] SDUD FDGD RFWHWR GH OD GLUHFFLyQ 7&3, 3 H LQWURGX]FD ORV Q~PHURV GHVGH HO WHFODGR $O ILQDOL]DU SXOVH HO ERWyQ *XDUGDU 9ROYHUi D OD SDQWDOOD 6HOHFFLRQHV SDUD HO DOPDFHQDMH GH H[SORUDFLyQ F 3XOVH HO ERWyQ 6DOLU GH +HUUDPLHQWDV 6H UHFRPLHQGD LQVWDODU HO VRIWZDUH 9LVLRQHHU 3DSHU3RUW TXH VH HQFXHQWUD HQ HO &' 520 LQFOXLGR HQ OD 'RFXPHQW &HQWUH DO FRPSUDU ORV 6HUYLFLRV GH , QWHUQHW 'HEH LQVWDODU HVWH VRIWZDUH HQ FDGD HVWDFLyQ GH WUDEDMR GHO FOLHQWH 3DSHU3RUW OH SHUPLWH DQRWDU RUJDQL]DU DUFKLYDU \ XELFDU ORV GRFXPHQWRV 7, )) H[SORUDGRV 'HVSXpV GH H[SORUDU HO GRFXPHQWR HQ 'RFXPHQW &HQWUH SXHGH DFFHGHU D 3DSHU3RUW \ UHWLUDU HO DUFKLYR H[SORUDGR GHQWUR GH OD DSOLFDFLyQ 3DSHU3RUW &RQ ORV HQODFHV 3DSHU3RUW SXHGH WUDQVIHULU GRFXPHQWRV HQWUH HO HVFULWRULR GH 3DSHU3RUW \ RWUDV DSOLFDFLRQHV \ GLVSRVLWLYRV GH VX HVWDFLyQ GH WUDEDMR 3DSHU3RUW FRQWLHQH HQODFHV D YDULRV WLSRV GH DSOLFDFLRQHV \ GLVSRVLWLYRV LQFOX\HQGR DSOLFDFLRQHV GH ID[ HOHFWUyQLFR DSOLFDFLRQHV GH FRUUHR HOHFWUyQLFR (0DLO DSOLFDFLRQHV GH UHFRQRFLPLHQWR ySWLFR GH FDUDFWHUHV 2&5 LPSUHVRUDV DGPLQLVWUDGRUHV GH LQIRUPDFLyQ GH SHUVRQDO 3, 0 VLVWHPDV GH FRQWURO GH GRFXPHQWRV Qitvh!"# HhhyqryhhqvvhpvyqryvrhYr9pr8rr ([SORUDFLyQ GH SUXHED $ &RORTXH HO GRFXPHQWR TXH GHVHH H[SORUDU HQ HO DOLPHQWDGRU GH RULJLQDOHV R FRORTXH OD SULPHUD SiJLQD HQ HO FULVWDO GH H[SRVLFLyQ % 6HOHFFLRQH ([SORUDU HQ OD SDQWDOOD WiFWLO GH 'RFXPHQW &HQWUH & /RV WUDEDMRV H[SORUDGRV VH EDVDQ HQ SODQWLOODV TXH FRQWLHQHQ VHOHFFLRQHV SURJUDPDGDV GH VX WUDEDMR 9HULILTXH TXH GHIDXOW[VW HVWp UHVDOWDGR HQ OD OLVWD GH OD SODQWLOOD GH H[SORUDFLyQ 6H WUDWD GH OD SODQWLOOD SUHILMDGD ' 6L GHVHD VHOHFFLRQH 0iV IXQFLRQHV GH H[SORUDFLyQ \ PRGLILTXH OD SODQWLOOD HQ OD SDQWDOOD WiFWLO GH 'RFXPHQW &HQWUH VHOHFFLRQDQGR RSFLRQHV GH OD ILFKD $MXVWHV GH H[SORUDFLyQ 7HQJD SUHVHQWH TXH WRGR FDPELR TXH VH OOHYH D FDER GHVGH OD SDQWDOOD WiFWLO VROR VH DSOLFD DO WUDEDMR HQ FXUVR /RV DMXVWHV GH ODV SODQWLOODV VH UHVWDXUDQ GHVSXpV GH ILQDOL]DU HO WUDEDMR GH H[SORUDFLyQ HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!"$ &RQILJ GH H[SORUDFLyQ VLQ &RQILJ GH H[SORUDFLyQ VLQ ( 3XOVH HO ERWyQ &RPHQ]DU 'HVSXpV GH H[SORUDU HO WUDEDMR 'RFXPHQW &HQWUH DUFKLYD ID[HD H LPSULPH ORV WUDEDMRV GH OD PDQHUD HVSHFLILFDGD HQ OD SODQWLOOD GH H[SORUDFLyQ SUHILMDGD [VW $O ILQDOL]DU VH LPSULPLUi XQD KRMD GH FRQILUPDFLyQ VL HVWi KDELOLWDGD TXH GHVFULEH ORV UHVXOWDGRV GHO WUDEDMR ) (O SURFHVR SDUD XQ WUDEDMR GH XQD SiJLQD WRPD DSUR[LPD GDPHQWH XQ PLQXWR 7RPDUi PiV WLHPSR VL WLHQH SiJLQDV P~OWLSOHV H[SORUDGDV 'HVSXpV FRPSUXHEH TXH HO DUFKLYR H[SORUDGR VH DOPDFHQy HQ HO GHSyVLWR GHVLJQDGR GHO VHUYLGRU GH DUFKLYRV * 'RFXPHQW &HQWUH FUHD XQ DUFKLYR 7, )) DSDUWH SRU FDGD SiJLQD TXH H[SORUD $ PHQRV TXH OD RSFLyQ 7, )) PXOWLSiJLQD HVWp DFWLYDGD \D TXH DO DFWLYDU HVWD RSFLyQ VH FUHDUi VROR XQ DUFKLYR 7, )) SDUD WRGR HO GRFXPHQWR GH YDULDV SiJLQDV /DV SiJLQDV VH QXPHUDQ HQ VHFXHQFLD /RV DUFKLYRV VH DOPDFHQDUiQ HQ HO VHUYLGRU GH DUFKLYRV \ OD UXWD GHO GLUHFWRULR VH HVSHFLILFDUi GHQWUR GH OD SODQWLOOD GHO WUDEDMR 127$ 6L OD RSHUDFLyQ GH H[SORUDFLyQ QR VH OOHYD D FDER FRQ p[LWR YHULILTXH OD KRMD GH FRQILUPDFLyQ SDUD HQFRQWUDU XQ PHQVDMH R LQIRUPDFLyQ TXH SXHGD D\XGDUOH D LGHQWLILFDU OD FDXVD GHO SUREOHPD + (O DUFKLYR H[SORUDGR VH WUDQVILHUH D XQD FDUSHWD HQ OD FXHQWD GHO HVFiQHU GHO VHUYLGRU GH DUFKLYRV /D H[WHQVLyQ ;60 HQ OD FDUSHWD UHSUHVHQWD HO IRUPDWR GH DOPDFHQDMH GH GRFXPHQWRV ;HUR[ TXH HVWi GLVHxDGR SDUD VLPSOLILFDU OD LQWHJUDFLyQ FRQ DSOLFDFLRQHV GH VRIWZDUH GH WHUFHURV , (Q OD HVWDFLyQ GH WUDEDMR YHD R OLVWH OD UXWD GHO GLUHFWRULR GH OD FXHQWD GHO HVFiQHU GHO VHUYLGRU GH DUFKLYRV /D RSHUDFLyQ GH H[SORUDFLyQ FUHy XQD FDUSHWD FRQ HO QRPEUH '2&;60 Qitvh!"% HhhyqryhhqvvhpvyqryvrhYr9pr8rr 7, ) 7, ) SRU HMHPSOR VRQ LPiJHQHV 7, )) LQGLYLGXDOHV GH ODV SiJLQDV H[SORUDGDV (V SRVLEOH TXH KD\D YDULRV DUFKLYRV 7, )) VL HO GRFXPHQWR WLHQH PiV GH XQD SiJLQD R VL KD VHOHFFLRQDGR $JUHJDU DO ILQDO SDUD 1RUPD SDUD DUFKLYDU \ VH KD H[SORUDGR PiV GH XQ GRFXPHQWR &DGD SiJLQD GHO GRFXPHQWR HVWi UHSUHVHQWDGD SRU XQ DUFKLYR 7, )) GLIHUHQWH $ PHQRV TXH OD RSFLyQ 7, )) PXOWLSiJLQD HVWp DFWLYDGD \D TXH DO DFWLYDU HVWD RSFLyQ VH FUHDUi VROR XQ DUFKLYR 7, )) SDUD WRGR HO GRFXPHQWR GH YDULDV SiJLQDV 1(76&$1'$7 HV XQ DUFKLYR $6&, , TXH FRQWLHQH ORV QRPEUHV GH ORV DUFKLYRV 7, )) H[SORUDGRV GH OD ~OWLPD RSHUDFLyQ GH H[SORUDFLyQ (VWH DUFKLYR VH DFWXDOL]D FDGD YH] TXH XQ DUFKLYR 7, ) VH DOPDFHQD FRQ p[LWR 1(;71$0('$7 HV XQ DUFKLYR $6&, , TXH FRQWLHQH HO QRPEUH GHO SUy[LPR DUFKLYR 7, ) GLVSRQLEOH (VWH QRPEUH VH FRQWUROD \ DXPHQWD EDVDGR HQ OD QRUPD SDUD DUFKLYDU HVSHFLILFDGD HQ OD SODQWLOOD GHO WUDEDMR 1(76&$1;67 FRQWLHQH OD LQIRUPDFLyQ GH OD SODQWLOOD GHO ~OWLPR DUFKLYR H[SORUDGR 7DPELpQ VH OR XWLOL]D FRPR XQ DUFKLYR GH KLVWRULDOHV GHO HVWDGR \ FRPR RULJHQ GH LQIRUPDFLyQ SDUD HO SRVWSURFHVR ;60'(6&'$7 HV XQ DUFKLYR $6&, , TXH FRQWLHQH HO QRPEUH GHO GRFXPHQWR FDUDFWHUHV . $KRUD VH SXHGH LPSRUWDU HO DUFKLYR 7, )) D FXDOTXLHU DSOLFDFLyQ GH VRIWZDUH TXH DFHSWH DUFKLYRV 7, )) / (O HVFiQHU HVWi SUHSDUDGR SDUD OOHYDU D FDER XQD H[SORUDFLyQ /DV RSHUDFLRQHV GH H[SORUDFLyQ VXEVLJXLHQWHV VH SRGUiQ PRGLILFDU FDPELDQGR ODV VHOHFFLRQHV HQ OD SODQWLOOD SUHILMDGD SRU PHGLR GH OD SDQWDOOD WiFWLO GH OD 'RFXPHQW &HQWUH (O SURFHVR GH LQVWDODFLyQ VH KD FRPSOHWDGR HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!"& &RQILJ GH H[SORUDFLyQ VLQ &RQILJ GH H[SORUDFLyQ VLQ - $EUD OD FDUSHWD '2&;60 (Q HVWD FDUSHWD YHUi YDULRV DUFKLYRV 6XJHUHQFLDV $QWHV GH OOHYDU D FDER HO WUDEDMR GH H[SORUDFLyQ LQLFLDO DVHJ~ UHVH GH YHULILFDU GHVGH OD HVWDFLyQ GH WUDEDMR HQ OD UHG HQWUDQGR HQ OD FXHQWD GH H[SORUDFLyQ \ FRSLDQGR XQ DUFKLYR GHO GHSyVLWR GH H[SORUDFLyQ TXH OD FXHQWD \ OD FODYH GH DFFHVR GH XVXDULR GH 'RFXPHQW &HQWUH VHDQ FRUUHFWDV VH OH KD\DQ DVLJQDGR ORV GHUHFKRV DGHFXDGRV DO GHSyVLWR GH GRFXPHQWRV GH 'RFXPHQW &HQWUH $VHJ~UHVH WDPELpQ GH TXH OD RSFLyQ +RMD GH FRQILUPDFLyQ HVWp DFWLYDGD (VWD RSFLyQ SURSRUFLRQD GHWDOOHV SDUD FDGD WUDEDMR GH H[SORUDFLyQ LQFOX\HQGR HO HVWDGR OD XELFDFLyQ GH DUFKLYR QRUPD SDUD DUFKLYDU \ ORV DMXVWHV GH H[SORUDFLyQ /D DFWLYDFLyQ GH OD +RMD GH FRQILUPDFLyQ HV SDUWH GH ORV SURFHGLPLHQWRV GH FRQILJXUDFLyQ GHWDOODGRV HQ ORV FDStWXORV GH HVWD JXtD &RQILJXUDFLyQ GH OD H[SORUDFLyQ 1HW:DUH \ &RQILJXUDFLyQ GH OD H[SORUDFLyQ )73 )LOH 7UDQVIHU 3URWRFRO 3XHGH YHULILFDU TXH HO WUDEDMR GH H[SORUDFLyQ VH KD OOHYDGR D FDER FRQ p[LWR YHULILFDQGR TXH HO Q~PHUR GH SiJLQDV H[SORUDGDV VHD HO PLVPR TXH HO Q~PHUR GH DUFKLYRV DOPDFHQDGRV HQ HO GHSyVLWR GH HVH WUDEDMR $ PHQRV TXH OD RSFLyQ 7, )) PXOWLSiJLQD HVWp DFWL YDGD OR TXH FUHDUi XQ VROR DUFKLYR 7, )) SRU FDGD GRFXPHQWR GH YDULDV SiJLQDV HQ YH] GH XQ DUFKLYR 7, )) SRU FDGD SiJLQD (O GLUHFWRULR SUHILMDGR FUHDGR SDUD FDGD WUDEDMR GH H[SORUDFLyQ HV '2&;60 Qitvh!"' HhhyqryhhqvvhpvyqryvrhYr9pr8rr $VSHFWRV GH OD LQVWDODFLyQ 1RUPD SDUD DUFKLYDU 8QD YHQWDMD GH 6REUHHVFULELU HV TXH UHTXLHUH XQ HVSDFLR GH GLVFR PtQLPR \D TXH ORV DUFKLYRV VH HOLPLQDQ \ YXHOYHQ D FUHDU SDUD FDGD WUDEDMR GH H[SORUDFLyQ (V LGHDO SDUD XVXDULRV FRQ HVSDFLR GH DUFKLYR OLPLWDGR 8QD GHVYHQWDMD GH 6REUHHVFULELU HV TXH FXDQGR HO GHSyVLWR GH GRFXPHQWRV FRPSDUWLGR ORV XVXDULRV SXHGHQ VXVWLWXLU ORV DUFKLYRV GH RWURV XVXDULRV SRVLEOHPHQWH DQWHV GH TXH HO XVXDULR UHWLUH VXV DUFKLYRV 8QD YHQWDMD GH $JUHJDU DO ILQDO HV TXH QR KD\ SpUGLGD GH GDWRV \D TXH HO XVXDULR FRPSDUWH XQ PLVPR GHSyVLWR 8QD GHVYHQWDMD GH $JUHJDU DO ILQDO HV TXH HO HVSDFLR GH GLVFR SXHGH FRQVXPLUVH UiSLGDPHQWH VL QR VH DGPLQLVWUD DGHFXDGD PHQWH (VWR RFXUUH FXDQGR FDGD XVXDULR WLHQH VX SURSLR HVSDFLR 8QD YHQWDMD GH 1XHYR H[DFWR HV TXH YHULILFD VL ORV DUFKLYRV \D H[LVWHQ HQ HO GHSyVLWR GH GRFXPHQWRV 6L QR H[LVWHQ GRFXPHQWRV HQ HO GHSyVLWR ORV DUFKLYRV UHFLpQ H[SORUDGRV VH HQYtDQ DOOt 8QD GHVYHQWDMD GH 1XHYR H[DFWR HV TXH VL KD\ DUFKLYRV DOPDFHQDGRV HQ HO GHSyVLWR HO WUDEDMR GH H[SORUDFLyQ VH LQWHUUUXPSH 8QD YHQWDMD GH 1XHYR DXWRJHQHUDU HV TXH FUHD XQD HVWUXFWXUD GH GLUHFWRULR QXHYD EDVDGD HQ OD IHFKD \ OD KRUD GH VX FUHDFLyQ HQ OD FXDO VH DOPDFHQDUiQ ODV LPiJHQHV 7, )) 8QD GHVYHQWDMD GH 1XHYR DXWRJHQHUDU HV TXH D SHVDU GH TXH HVWD RSFLyQ SDUHFH OD PiV UiSLGD UHTXLHUH PiV HVSDFLR GH GLVFR TXH OD RSFLyQ 6REUHHVFULELU 2&5 5HFRQRFLPLHQWR ySWLFR GH FDUDFWHUHV 6L HVWi XVDQGR ODV FDSDFLGDGHV 2&5 GH 9LVLRQHHU 3DSHU3RUW \ 7H[W%ULGJH VH UHFRPLHQGD TXH XVH OD VHOHFFLyQ GH FDOLGDG GH LPDJHQ 7H[WR HQ XQD UHVROXFLyQ OR PiV DOWD SRVLEOH (VWR SHUPLWLUi DSURYHFKDU ODV FDSDFLGDGHV GH 2&5 DO Pi[LPR HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!"( &RQILJ GH H[SORUDFLyQ VLQ &RQILJ GH H[SORUDFLyQ VLQ 3ODQWLOODV GH H[SORUDFLyQ 8VH ORV 6HUYLFLRV GH , QWHUQHW &HQWUH:DUH GH ;HUR[ SDUD FUHDU PiV SODQWLOODV GH H[SORUDFLyQ GH PDQHUD TXH ORV XVXDULRV QR WHQJDQ TXH PRGLILFDU PDQXDOPHQWH OD SODQWLOOD GH H[SORUDFLyQ SUHILMDGD GH FDGD WUDEDMR GH H[SORUDFLyQ 9DULDV 'RFXPHQW &HQWUH FRPSDUWHQ XQ GHSyVLWR GH GRFXPHQWRV 9DULDV 'RFXPHQW &HQWUH SXHGHQ FRPSDUWLU XQ GHSyVLWR GH GRFXPHQWRV 6LPSOHPHQWH FRQILJXUH FDGD 'RFXPHQW &HQWUH GH OD PLVPD PDQHUD \ FUHH SODQWLOODV GH H[SORUDFLyQ DGLFLRQDOHV HQ FDGD 'RFXPHQW &HQWUH Qitvh!# HhhyqryhhqvvhpvyqryvrhYr9pr8rr 6ROXFLyQ GH SUREOHPDV GH H[SORUDFLyQ +D LGHQWLILFDGR XQ SUREOHPD FRQ ODV IXQFLRQHV GH H[SORUDFLyQ GH UHG GH OD 'RFXPHQW &HQWUH 5HVXHOYD SULPHUR ORV SUREOHPDV FRQ OD FRSLDGRUD /OHYH D FDER ODV DFFLRQHV FRUUHFWLYDV UHFRPHQGDGDV HQ HO 0DQXDO GHO XVXDULR GH 'RFXPHQW &HQWUH 1R LQWHQWH VROXFLRQDU SUREOHPDV GH H[SORUDFLyQ GH UHG VL ODV IXQFLRQHV GH OD FRSLDGRUD QR RSHUDQ FRUUHFWDPHQWH $ /D FDOLGDG GH LPDJHQ GH OD LPDJHQ H[SORUDGD QR HV DFHSWDEOH $VHJ~UHVH GH VHOHFFLRQDU HO DMXVWH GH FDOLGDG GH LPDJHQ DSURSLDGR HQ OD SODQWLOOD TXH HVWi XVDQGR SDUD H[SORUDU OD LPDJHQ 8VH HO DMXVWH GH FDOLGDG GH LPDJHQ 7H[WR SDUD GRFXPHQWRV \ HO DMXVWH )RWR SDUD LPiJHQHV HQ HVFDOD GH JULVHV 6HOHFFLRQH XQD UHVROXFLyQ GH HVFiQHU D YHFHV OD IUHFXHQFLD GHO GLVSRVLWLYR HQ TXH YHUi R LPSULPLUi HO DUFKLYR % /D DSOLFDFLyQ 2&5 UHFRQRFLPLHQWR ySWLFR GH FDUDFWHUHV TXH HVWi XVDQGR FRQ OD LPDJHQ H[SORUDGD QR KDFH XQ UHFRQRFLPLHQWR SUHFLVR GHO WH[WR $VHJ~UHVH GH KDEHU VHOHFFLRQDGR HO DMXVWH GH FDOLGDG GH LPDJHQ 7H[WR DO H[SORUDU ORV GRFXPHQWRV & (O WDPDxR GHO DUFKLYR GH LPiJHQHV H[SORUDGDV HV GHPDVLDGR JUDQGH 6HOHFFLRQH XQD UHVROXFLyQ GH HVFiQHU D YHFHV OD IUHFXHQFLD GHO GLVSRVLWLYR HQ TXH YHUi R LPSULPLUi HO DUFKLYR HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!# &RQILJ GH H[SORUDFLyQ VLQ &RQILJ GH H[SORUDFLyQ VLQ 0HQVDMHV GH HUURU 3UREOHPD (OLPLQDFLyQ GHO DUFKLYR OD VXVWLWXFLyQ IDOOy $FFLyQ FRUUHFWLYD 'XUDQWH XQD RSHUDFLyQ GH VXVWLWXFLyQ XQD RSFLyQ GH 1RUPD SDUD DUFKLYDU IDOOy HO LQWHQWR GH HOLPLQDU DUFKLYRV GH XQ GLUHFWRULR UHPRWR (VWR SXHGH RFXUULU SRU QR WHQHU GHUHFKRV GH DFFHVR VXILFLHQWHV R SRUTXH ORV DWULEXWRV GH DUFKLYR VRQ GH VROR OHFWXUD (VWH HUURU SXHGH RFXUULU GXUDQWH XQD RSHUDFLyQ GH H[SORUDFLyQ FXDQGR VH XVD OD QRUPD SDUD DUFKLYDU 1XHYR H[DFWR DMXVWDGR D WUDYpV GH 6HUYLFLRV GH , QWHUQHW \ HO GLUHFWRULR QRPEUH GH OD FDUSHWD ;60 \D H[LVWH HQ OD UXWD HVSHFLILFDGD (VWR FRLQFLGH FRQ OD RSFLyQ 1XHYR H[DFWR 'XUDQWH XQD RSHUDFLyQ GH H[SORUDFLyQ OD UHG R HO VHUYLGRU GH GHVWLQR FDH PLHQWUDV VH HVWi OOHYDQGR D FDER OD WUDQVIHUHQFLD GHO DUFKLYR 2WUD SRVLELOLGDG HV TXH HO GLVFR GH GHVWLQR HVWp OOHQR (O GLUHFWRULR SDUD DUFKLYDU \D H[LVWH /D WUDQVIHUHQFLD GHO DUFKLYR IDOOy )DOOy OD FRQH[LyQ 9HULILFDU XVXDULR FODYH GH DFFHVR \R FRQILJXUDFLyQ )DOOy XQD RSHUDFLyQ GH H[SORUDFLyQ $VHJ~UHVH GH YHULILFDU GHVGH OD HVWDFLyQ GH WUDEDMR HQ OD UHG HQWUDQGR HQ OD FXHQWD GH H[SORUDFLyQ \ FRSLDQGR XQ DUFKLYR GHO GHSyVLWR GH H[SORUDFLyQ TXH (O QRPEUH GH XVXDULR HV HO FRUUHFWR /D FODYH GH DFFHVR HV OD FRUUHFWD (O QRPEUH GHO VHUYLGRU HV HO FRUUHFWR (O QRPEUH GHO iUERO 1'6 VROR 1HW:DUH [  HV HO FRUUHFWR (O QRPEUH GHO FRQWH[WR 1'6 VROR1HW:DUH [  HV HO FRUUHFWR 7DPELpQ FRPSUXHEH OR VLJXLHQWH Qitvh!#! HhhyqryhhqvvhpvyqryvrhYr9pr8rr 3UREOHPD 1R VH HMHFXWD HO SURWRFROR $FFLyQ FRUUHFWLYD (O XVXDULR LQWHQWD XQD RSHUDFLyQ GH H[SORUDFLyQ FRQ XQ GHVWLQR HQ HO VHUYLGRU GH 1HW:DUH (O SURWRFROR 1HW:DUH QR HVWi DFWLYDGR $FWtYHOR )DOOy HO EORTXHR GHO GLUHFWRULR UHPRWR 2WUD 'RFXPHQW &HQWUH HVWi XVDQGR HO GHSyVLWR DO TXH LQWHQWD HQYLDU XQ WUDEDMR FRQ OD RSHUDFLyQ GH H[SORUDFLyQ 9HULILTXH OR VLJXLHQWH (O QRPEUH GHO YROXPHQ HVSHFLILFDGR HV HO FRUUHFWR (O GHVWLQR GH DUFKLYR HVSHFLILFDGR UXWD HV HO FRUUHFWR (O GLVFR GH GHVWLQR HVWi OOHQR \ QR SHUPLWH OD FUHDFLyQ GH XQ GLUHFWRULR UHPRWR HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!#" &RQILJ GH H[SORUDFLyQ VLQ &RQILJ GH H[SORUDFLyQ VLQ Qitvh!## HhhyqryhhqvvhpvyqryvrhYr9pr8rr (PDLO (PDLO 'HVFULSFLyQ JHQHUDO &RQ OD LQVWDODFLyQ GHO NLW RSFLRQDO GH (PDLO \ ([SORUDFLyQ SRU UHG HQ ;HUR[ 'RFXPHQW &HQWUH 67 ORV XVXDULRV DKRUD SRGUiQ ([SORUDU XQ GRFXPHQWR RULJLQDO &RQYHUWLU HO GRFXPHQWR H[SORUDGR D XQ IRUPDWR HOHFWUyQLFR (QYLDU HVWD LQIRUPDFLyQ D XQD R YDULDV GLUHFFLRQHV HOHFWUyQLFDV 8VDU HO OLEUR GH GLUHFFLRQHV GH OD FRPSDxtD /'$3 8VDU XQ OLEUR GH GLUHFFLRQHV S~EOLFR DUFKLYR &69 HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh! $QWHV GH FRPHQ]DU (Q HVWH FDStWXOR DFHUFD GHO (PDLO VH GD SRU VHQWDGR TXH XVWHG WLHQH XQ FRQRFLPLHQWR JHQHUDO GH OD UHG \ GHO VRIWZDUH SDUD QDYHJDU OD :HE $QWHV GH FRQILJXUDU OD RSFLyQ ([SORUDU D (PDLO DVHJ~UHVH GH TXH OD LPSUHVRUD 'RFXPHQW &HQWUH HVWp IXQFLRQDQGR HQ VX UHG OD LPSUHVRUD 'RFXPHQW &HQWUH WHQJD 7&3, 3 DFWLYDGR OD LPSUHVRUD 'RFXPHQW &HQWUH WHQJD +773 DFWLYDGR WHQJD DFFHVR D XQ VHUYLGRU GH FRUUHR 6073 TXH HVWp IXQFLRQDQGR WHQJD XQD GLUHFFLyQ , 3 GHO VHUYLGRU GH FRUUHR 6073 WHQJD LQVWDODGR (PDLO \ ([SORUDFLyQ SRU UHG WHQJD XQ GRPLQLR (PDLO GLVSRQLEOH SRU HMHPSOR #PDLOFRPSDQ\FRP WHQJD HVWDFLRQHV GH WUDEDMR FRQHFWDGDV FRQ XQD UHG TXH WHQJD 7&3, 3 DFWLYDGR Qitvh!! HhhyqryhhqvvhpvyqryvrhYr9pr8rr 0HQVDMHUtD GH , QWHUQHW 0HQVDMHUtD GH , QWHUQHW VH XVD SDUD FRQILJXUDU \ PDQWHQHU ODV IXQFLRQHV GH (PDLO GH 'RFXPHQW &HQWUH 67 ([LVWHQ FXDWUR iUHDV GH FRQILJXUDFLyQ QHFHVDULDV SDUD 0HQVDMHUtD GH , QWHUQHW *HQHUDO SDUD FRQILJXUDU HO DFFHVR DO VHUYLGRU GH FRUUHR 6073 $MXVWHV GH (PDLO SDUD FRQILJXUDU HO PHQVDMH SUHILMDGR GH (PDLO \ ORV DMXVWHV GH LPDJHQ 'LUHFWRULR /'$3 /LJKWZHLJKW 'LUHFWRU\ $FFHVV 3URWRFRO HVSHFLILFD ORV DMXVWHV GH ORFDOL]DFLyQ \ FRQILJXUDFLyQ GHO OLEUR GH GLUHFFLRQHV LQWHUQR TXH UHVLGH HQ OD UHG /LEUR GH GLUHFFLRQHV S~EOLFR SDUD LGHQWLILFDU OD ORFDOL]DFLyQ GHO OLEUR GH GLUHFFLRQHV S~EOLFR HO DUFKLYR &69 &RPPD 6HSDUDWHG 9DOXHV TXH VH XVDUi HQ HO (PDLO 6H GLVSRQH GH ODV VLJXLHQWHV SiJLQDV , PSRUWDU OLEUR GH GLUHFFLRQHV S~EOLFR SDUD FDUJDU XQ DUFKLYR &69 TXH FRQWLHQH ODV GLUHFFLRQHV GH (PDLO HQ OD PiTXLQD $VLJQDU OLEUR GH GLUHFFLRQHV GHVSXpV GH FDUJDU HVWH DUFKLYR HVWD SiJLQD OH SHUPLWH DO XVXDULR DVLJQDU FDPSRV HVSHFtILFRV HQ HO DUFKLYR &69 SDUD PRVWUDU SRU HMHPSOR HO QRPEUH OD GLUHFFLyQ GH (PDLO HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!" (PDLO +773 Nota: Servicios de Internet (HTTP/IPP) debe estar desactivado; si no lo est siga estos procedimientos. 9D\D DO SDQHO GH FRQWURO GH 'RFXPHQW &HQWUH (QWUH HQ OD IXQFLyQ SULQFLSDO +HUUDPLHQWDV D 3XOVH HO ERWyQ $FFHVR R  E (Q HO WHFODGR QXPpULFR LQWURGX]FD R OD FODYH GH DFFHVR DFWXDO 3XOVH HO ERWyQ , QWUR FXDQGR WHUPLQH $ PHQRV TXH VH LQGLTXH OR FRQWUDULR OD SDQWDOOD WiFWLO VH XVDUi SDUD HO UHVWR GH OD HQWUDGD GH GDWRV F D 3XOVH HO ERWyQ , U D KHUUDPLHQWDV (VSHUH D TXH OD SDQWDOOD VH DFWXDOLFH \ SXOVH HO ERWyQ &RQILJXUDFLyQ GH OD FRQHFWLYLGDG \ OD UHG $FWLYH HO 3URWRFROR GH UHG E (VSHUH D TXH OD SDQWDOOD VH DFWXDOLFH \ SXOVH HO ERWyQ &RQILJXUDFLyQ GH OD UHG 3XOVH HO ERWyQ 2SFLRQHV 7&3, 3 3XOVH HO ERWyQ +773, 33 'HVSXpV SXOVH HO ERWyQ $FWLYDU D 3XOVH HO ERWyQ 6DOLU GH KHUUDPLHQWDV Qitvh!# HhhyqryhhqvvhpvyqryvrhYr9pr8rr &RQILJXUDFLyQ GH 6073 (Q OD HVWDFLyQ GH WUDEDMR GHO FOLHQWH LQLFLH HO QDYHJDGRU GH , QWHUQHW (Q HO FDPSR 85/ LQWURGX]FD KWWS VHJXLGR SRU OD GLUHFFLyQ , 3 GH 'RFXPHQW &HQWUH 67 'HVSXpV VHOHFFLRQH OD WHFOD , QWUR SRU HMPSOR KWWS[[[[[[[[[[[[ (Q OD SiJLQD SULQFLSDO GH 6HUYLFLRV GH , QWHUQHW &HQWUH:DUH VHOHFFLRQH HO HQODFH 3URSLHGDGHV 6HOHFFLRQH HO VLJQR PiV  D OD L]TXLHUGD GH OD FDUSHWD 6HUYLFLRV HQ HO FXDGUR 3URSLHGDGHV 6HOHFFLRQH HO VtPEROR PiV  D OD L]TXLHUGD GH OD FDUSHWD 0HQVDMHUtD GH , QWHUQHW 6HOHFFLRQH *HQHUDO FRPR VH PXHVWUD HQ OD ILJXUD VLJXLHQWH HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!$ (PDLO , QWURGX]FD HO 1RPEUH GH KRVW R 'LUHFFLyQ , 3 GHO VHUYLGRU 6073 \ XQ 1RPEUH GH GRPLQLR YiOLGR SRU HM #PDLOFRPSDQ\FRP 127$ 'HEH WRPDU QRWD GH OD GLUHFFLyQ , 3 \ GHO QRPEUH GHO GRPLQLR DQWHV GH FRPHQ]DU HVWH SURFHVR +DJD FOLF HQ HO ERWyQ $SOLFDU RSFLRQHV QXHYDV SDUD TXH ORV FDPELRV VH OOHYHQ D FDER 'HVHU QHFHVDULR KDJD FOLF HQ HO ERWyQ 5HVWDXUDU ODV RSFLRQHV SDUD FDQFHODU ORV FDPELRV KHFKRV \ YROYHU D ORV YDORUHV DQWHULRUHV $O LQGLFiUVHOH LQWURGX]FD DGPLQ HQ PLQ~VFXODV HQ HO FDPSR 1RPEUH GHO XVXDULR \ R OD FODYH GH DFFHVR HQ HO FDPSR &ODYH GH DFFHVR \ VHOHFFLRQH $FHSWDU 127$ DGPLQ \ UHSUHVHQWDQ OD LGHQWLILFDFLyQ GHO DGPLQLVWUDGRU \ OD FODYH GH DFFHVR UHVSHFWLYDPHQWH Qitvh!% HhhyqryhhqvvhpvyqryvrhYr9pr8rr &RQILJXUDFLyQ GHO (PDLO (PDLO /RV VLJXLHQWHV SDVRV GDQ SRU VHQWDGR TXH QR KD VDOLGR GH OD ILFKD 3URSLHGDGHV 6HUYLFLRV \ 0HQVDMHUtD GH , QWHUQHW 6HOHFFLRQH 2SFLRQHV GH FRUUHR HOHFWUyQLFR HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh! [. . . ] $ (PDLO 3UREOHPD 6ROXFLyQ (O OLEUR GH GLUHFFLRQHV S~EOLFR &RPSUXHEH TXH HO DUFKLYR &69 FRQWHQJD XQ QRPEUH \ XQD GLUHFFLyQ VHSDUDGRV SRU XQD QR SUHVHQWD XQ IRUPDWR GH FRPD 3RU HMHPSOR HO IRUPDWR 6PLWK -RKQ GLUHFFLRQHV GHO WLSR MRKQVPLWK#FRPSDQ\FRP QRPEUH#GRPLQLRFRP HQ XQR GH ORV QRPEUHV VHOHFFLRQDGRV &RPSUXHEH TXH OD DVLJQDFLyQ GHO OLEUR GH GLUHFFLRQHV VHD FRUUHFWR GH OD PDQHUD HQ TXH VH GHILQLy HQ OD SDQWDOOD GHO DUFKLYR GH LPSRUWDFLyQ &69 GHO GLVSRVLWLYR GH OD , 8 GH :HE , PSRVLEOH HQFRQWUDU OD HQWUDGD 9XHOYD D YHULILFDU VL HO QRPEUH HVWi HVFULWR FRUUHFWDPHQWH UHTXHULGD HQ HO OLEUR GH GLUHFFLRQHV LQWHUQR GLVSRQLEOH D /OHYH D FDER XQD E~VTXHGD HVFULELHQGR OD SULPHUD OHWUD GHO QRPEUH *HQHUDOPHQWH XQ WUDYpV GH /'$3 HQWRUQR /'$3 OOHYDUi D FDER OD E~VTXHGD SRU $SHOOLGR 1RPEUH SHUR HVWR YDUtD VHJ~Q HO HQWRUQR /D E~VTXHGD /'$3 HQ HO OLEUR GH GLUHFFLRQHV LQWHUQR UHVXOWD HQ XQ PHQVDMH GH HUURU TXH LQGLFD TXH KD\ GHPDVLDGDV HQWUDGDV /D E~VTXHGD /'$3 HQ HO OLEUR GH GLUHFFLRQHV LQWHUQR UHVXOWD HQ XQ PHQVDMH GH HUURU UERO GH E~VTXHGD QR HV YiOLGR , QWURGX]FD PiV OHWUDV GHO QRPEUH TXH HVWi EXVFDQGR 9HULILTXH OD VLQWD[LV GH OD HQWUDGD GHO GLUHFWRULR /'$3 'HEH VHU HQ HO IRUPDWR RX QRPEUH R QRPEUH SHUR HVWR GHSHQGH GHO WLSR GH VHUYLGRU /'$3 \ GH OD FRQILJXUDFLyQ /D E~VTXHGD /'$3 HQ HO OLEUR 9HULILTXH OD PDQHUD HQ OD TXH HVFULELy HO QRPEUH TXH HVWi EXVFDQGR GH GLUHFFLRQHV LQWHUQR UHVXOWD HQ XQ PHQVDMH GH HUURU TXH LQGLFD TXH QR VH KD HQFRQWUDGR OD HQWUDGD GHVHDGD Qitvh! % HhhyqryhhqvvhpvyqryvrhYr9pr8rr , QWURGXFFLyQ 'RFXPHQW &HQWUH SHUPLWH OD LPSUHVLyQ GHVGH XQD YDULHGDG GH VLVWHPDV RSHUDWLYRV FRPSDWLEOHV FRQ 7&3, 3 $KRUD WDPELpQ HV FRPSDWLEOH FRQ OD LPSUHVLyQ FRQ HO 3XHUWR 5$: LQFOX\HQGR /LQX[ \ :LQGRZV 127$ 'RFXPHQW &HQWUH WLHQH DKRUD '+&3 /35 \ 1HW%, 26 DFWLYDGR GH PDQHUD SUHILMDGD VREUH HO SURWRFROR , 3 6L VX VHUYLGRU '+&3 SURSRUFLRQDUi HO QRPEUH KRVW OD GLUHFFLyQ , 3 OD GLUHFFLyQ GH OD SXHUWD GH DFFHVR \ OD PiVFDUD GH VXEUHG OD LQIRUPDFLyQ 7&3, 3 GH OD 'RFXPHQW &HQWUH VH FRQILJXUDUi HQ HO HQFHQGLGR LQLFLDO 'RFXPHQW &HQWUH WLHQH '+&3 DFWLYDGR GH PDQHUD SUHILMDGD 6L VX VHUYLGRU '+&3 VH FRQILJXUD FRQ LQIRUPDFLyQ 7&3, 3 SDUD 'RFXPHQW &HQWUH GHEH VDOWDU HO SDVR \ GH HVWH SURFHGLPLHQWR \ GLULJLUVH DO SDVR SDUD DFWLYDU OD LPSUHVLyQ FRQ HO SXHUWR 6L GHVHD FRQILJXUDU OD LQIRUPDFLyQ 7&3, 3 HVWiWLFDPHQWH FRPSOHWH 72'26 ORV SDVRV GHO SURFHGLPLHQWR HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!! , PSUHVLyQ FRQ HO 3XHUWR , PSUHVLyQ FRQ HO 3XHUWR , PSUHVLyQ FRQ HO 3XHUWR $QWHV GH FRPHQ]DU 3DUD DFWLYDU XQD LQWHUID] 7RNHQ 5LQJ R %DVH7 YHD DO &DStWXOR &RQH[LyQ GH UHGHV 7RNHQ 5LQJ R (WKHUQHW SDUD FRQILJXUDU ORV DMXVWHV GH YHORFLGDG \ OD UXWD GH RULJHQ SDUD VX HQWRUQR 'HVSXpV UHJUHVH D HVWD SiJLQD \ OOHYH D FDER HVWH SURFHGLPLHQWR 3DUD HO GLUHFFLRQDPLHQWR GLQiPLFR 7&3, 3 XVH ODV LQVWUXFFLRQHV '+&3 %2273 R 5$53 TXH VH HQFXHQWUDQ HQ HVWH GRFXPHQWR HQ OD VHFFLyQ WLWXODGD 'LUHFFLRQHV GLQiPLFDVHVWiWLFDV 7&3, 3 \ :, 16 SDUD FRQHFWDUOR DO VHUYLGRU DGHFXDGR \ GHVSXpV YXHOYD D HVWD SiJLQD SDUD FRQWLQXDU FRQ OD FRQILJXUDFLyQ 5HJLVWUH OD VLJXLHQWH LQIRUPDFLyQ DVLJQDGD D VX 'RFXPHQW &HQWUH 'LUHFFLyQ , 3 BBBBBBBBBBBBBBBBBBBBBBBBBBBB 0iVFDUD GH VXEUHG BBBBBBBBBBBBBBBBBBBBBBBBBBB 3XHUWD GH DFFHVR SUHILMDGD BBBBBBBBBBBBBBBBBBBBBBBB Qitvh!!! HhhyqryhhqvvhpvyqryvrhYr9pr8rr &RQHFWH VX 'RFXPHQW &HQWUH D OD UHG FRQ HO FDEOHDGR DGHFXDGR (QWUH HQ OD IXQFLyQ SULQFLSDO +HUUDPLHQWDV D 3XOVH HO ERWyQ $FFHVR R  F D 3XOVH HO ERWyQ , U D +HUUDPLHQWDV (VSHUH TXH OD SDQWDOOD VH DFWXDOLFH \ SXOVH HO ERWyQ &RQILJXUDFLyQ GH OD FRQHFWLYLGDG \ OD UHG (QWUH HQ HO PHQ~ GH &RQILJXUDFLyQ GH UHG E (VSHUH TXH OD SDQWDOOD VH DFWXDOLFH \ SXOVH HO ERWyQ &RQILJXUDFLyQ GH OD UHG F 3XOVH HO ERWyQ 2SFLRQHV 7&3, 3 HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!!" , PSUHVLyQ FRQ HO 3XHUWR E (Q HO WHFODGR QXPpULFR LQWURGX]FD R OD FODYH GH DFFHVR DFWXDO 3XOVH HO ERWyQ , QWUR FXDQGR WHUPLQH $ PHQRV TXH VH LQGLTXH OR FRQWUDULR OD SDQWDOOD WiFWLO VH XVDUi SDUD HO UHVWR GH OD HQWUDGD GH GDWRV , PSUHVLyQ FRQ HO 3XHUWR 9D\D D OD 'RFXPHQW &HQWUH \ +DELOLWH OD LQWHUID] GH UHG \ HO SURWRFROR D F 3XOVH HO ERWyQ $MXVWHV 7&3, 3 3XOVH HO ERWyQ $FWLYDU 6L DSDUHFHQ ORV ERWRQHV GH 6RSRUWH VHOHFFLRQH (WKHUQHW R 7RNHQ 5LQJ 3XOVH *XDUGDU 3XOVH HO ERWyQ 1RPEUH'LUHFFLyQ E 3XOVH HO ERWyQ 3URWRFROR \ VRSRUWH $MXVWH HO QRPEUH GHO KRVW D E 3XOVH ORV ERWRQHV WiFWLOHV GH OD SDQWDOOD WiFWLO XQR SRU YH] SRU FDGD RFWHWR GH OD GLUHFFLyQ , 3 H LQWURGX]FD HO Q~PHUR XVDQGR HO WHFODGR QXPpULFR F 3XOVH HO ERWyQ 1RPEUH GHO KRVW G &XDQGR DSDUH]FD HO WHFODGR WiFWLO HVFULED HO QRPEUH GHO KRVW (;$&7$0(17( PD\~VFXODV R PLQ~VFXODV FRPR TXLHUH TXH DSDUH]FD $O ILQDOL]DU SXOVH HO ERWyQ *XDUGDU SDUD UHJLVWUDU ORV FDPELRV \ GLULJLUVH D OD SDQWDOOD $MXVWHV 7&3, 3 Qitvh!!# HhhyqryhhqvvhpvyqryvrhYr9pr8rr D 3XOVH HO ERWyQ 6XEUHG \ SXHUWD GH DFFHVR E 3XOVH ORV ERWRQHV WiFWLOHV GH OD SDQWDOOD WiFWLO XQR SRU YH] SRU FDGD RFWHWR GH OD PiVFDUD GH VXEUHG H LQWURGX]FD HO Q~PHUR XVDQGR HO WHFODGR QXPpULFR F 5HSLWD HVWH SURFHVR SDUD OD GLUHFFLyQ GH OD SXHUWD GH HQODFH , 3 $O ILQDOL]DU SXOVH *XDUGDU SDUD UHJLVWUDU ORV FDPELRV \ GLULJLUVH D OD SDQWDOOD GH $MXVWHV 7&3, 3 6L GHVHD XQD LPSUHVLyQ OS R OSU SXOVH HO ERWyQ 7&3, 3 , PSUHVRUD GH OtQHD SXOVH $FWLYDU \ *XDUGDU G 3XOVH &HUUDU H 127$ /D GLUHFFLyQ GH PXOWLGHVWLQR VH FDOFXODUi DXWRPiWLFDPHQWH $FWLYH OD LPSUHVLyQ FRQ HO 3XHUWR D 3XOVH HO ERWyQ , PSUHVLyQ 7&3, 3 VLQ SURFHVDU E (Q OD SDQWDOOD VLJXLHQWH SXOVH $FWLYDU \ GHVSXpV *XDUGDU $FWLYH HO SURWRFROR +773, 33 D F D 3XOVH HO ERWyQ +773, 33 3XOVH *XDUGDU 3XOVH HO ERWyQ 6DOLU GH +HUUDPLHQWDV E (Q OD SDQWDOOD VLJXLHQWH SXOVH $FWLYDU 6DOJD GHO PHQ~ +HUUDPLHQWDV HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!!$ , PSUHVLyQ FRQ HO 3XHUWR , PSUHVLyQ FRQ HO 3XHUWR $MXVWH OD 0iVFDUD GH VXEUHG \ OD SXHUWD GH HQODFH 9D\D D OD HVWDFLyQ GH WUDEDMR \ &UHH XQ WUDEDMR GH SUXHED \ HQYtHOR D OD LPSUHVRUD FRQ XQD XWLOLGDG GH OD HVWDFLyQ GH WUDEDMR R D WUDYpV GH XQD FROD GH VX VLVWHPD RSHUDWLYR TXH VHD FRPSDWLEOH FRQ OD LPSUHVLyQ FRQ HO SXHUWR &RPSUXHEH OD FDOLGDG GHO WUDEDMR GH SUXHED \ XVH OD VHFFLyQ VREUH OD VROXFLyQ GH SUREOHPDV GHO 0DQXDO GH UHIHUHQFLD GH 'RFXPHQW &HQWUH SDUD UHVROYHU ORV GHIHFWRV GH LPSUHVLyQ 6L HO WUDEDMR GH SUXHED QR VH LPSULPH FRQVXOWH OD VHFFLyQ DFHUFD GH OD VROXFLyQ GH SUREOHPDV GH HVWH 0DQXDO WLWXODGR 5HVROXFLyQ GH SUREOHPDV 7&3, 3 SDUD VROXFLRQDU HO SUR EOHPD 5HSLWD HO SURFHGLPLHQWR 9D\D D OD HVWDFLyQ GH WUDEDMR \ HQ FDGD HVWDFLyQ GH WUDEDMR TXH YD\D D XVDU HVWD LPSUHVRUD R GH RWURV VHUYLGRUHV GRQGH OD FROD VH FUHy Qitvh!!% HhhyqryhhqvvhpvyqryvrhYr9pr8rr *ORVDULR *ORVDULR %$6(7 8QD LPSOHPHQWDFLyQ GHO HVWiQGDU GHO , ((( SDUD (WKHUQHW HQ FDEOHV GH SDU WUHQ]DGR QR SURWHJLGRV GH FDOLEUH XQ VRSRUWH GH EDQGD GH EDVH D PHJDELWV SRU VHJXQGR 'HILQLGDV SRU HO , ((( HVWDV QRUPDV ULJHQ HO XVR GH &60$&' &DUULHU 6HQVH 0XOWLSOH $FFHVV&ROOLVLRQ 'HWHFWLRQ HO PpWRGR GH DFFHVR D UHGHV XWLOL]DGR SRU UHGHV (WKHUQHW 'HILQLGDV SRU HO , ((( HVWDV QRUPDV ULJHQ HO XVR GHO PpWRGR GH DFFHVR D UHGHV 7RNHQ 5LQJ (Q XQD UHG $SSOH7DON HVWH SURWRFROR GH DFFHVR D YLQFXODFLyQ R FDSD GH YLQFXODFLyQ GH GDWRV ULJH OD WUDQVPLVLyQ GH SDTXHWHV HQ /RFDO7DON (V HO JUXSR PiV LPSRUWDQWH TXH GHILQH HVWiQGDUHV HQ ((88 (O $16, UHSUHVHQWD D ORV ((88 HQ OD , 62 8Q VLVWHPD GH UHG TXH LPSOHPHQWD HO SURWRFROR $SSOH7DON $/$3 $SSOH7DON /LQN $FFHVV 3URWRFRO $16, $PHULFDQ 1DWLRQDO 6WDQGDUGV , QVWLWXWH $SSOH6KDUH HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!" *ORVDULR $SSOH7DON *UXSR GH SURWRFRORV GHILQLGR SRU $SSOH &RPSXWHU SDUD FRQHFWDU 3&V \ SHULIpULFRV XWLOL]DQGR FDEOHV GH SDU WUHQ]DGR SURWHJLGRV H tQGLFHV GH WUDQVIHUHQFLD GH DSUR[LPDGDPHQWH NLORE\WHV SRU VHJXQGR /RV SURWRFRORV GH UHG \ WUDQVSRUWH LQFOX\HQ HO 'DWDJUDP 'HOLYHU\ 3URWRFRO ''3 HO $SSOH7DON 7UDQVDFWLRQ 3URWRFRO $73 HO $SSOH7DON 6HVVLRQ 3URWRFRO $63 \ HO 1DPH %LQGLQJ 3URWRFRO 1%3 3URWRFROR 7&3, 3 SDUD GHILQLU XQD GLUHFFLyQ '/& 'DWD/LQN &RQWURO D SDUWLU GH XQD GLUHFFLyQ , 3 , QWHUQHW 3URWRFRO 8Q FyGLJR ELQDULR GH VLHWH ELWV HVWDQGDUL]DGR SRU HO $16, D ILQ GH VHU XWLOL]DGR SRU 3&V \ DOJXQRV PDFURFRPSXWDGRUHV SDUD UHSUHVHQWDU FDUDFWHUHV DOIDQXPpULFRV \ JUiILFRV 6H LQFOX\H XQ ELW DGLFLRQDO SDUD IRUPDU XQ WLSR GH FDUiFWHU GH ELWV &RQHFWRU XWLOL]DGR FRQ WKLFN (WKHUQHW TXH D PHQXGR LQFOX\H XQ FDEOH GURS %DVH GH GDWRV 1HW:DUH GH QRPEUHV FODYHV GH DFFHVR \ JUXSRV GH XVXDULRV H LQIRUPDFLyQ GH FRQWDELOLGDG 8Q FRQHFWRU HVWDQGDUL]DGR XWLOL]DGR FRQ 7KLQQHW \ FDEOH FRD[LDO 6RSRUWH SDUD OD WUDQVPLVLyQ GH GDWRV FRQ XQ FRQGXFWRU GH XQ VROR FDEOH DLOVODGR (0, 5), (OHFWURPDJQHWLF , QWHUIHUHQFH5DGLR )UHTXHQF\ , QWHUIHUHQFH 8Q FDEOHDGR IRUPDGR SRU XQR R PiV SDUHV GH UDPDOHV GH FREUH GH FDOLEUH D TXH VH WUHQ]DQ SDUD PHMRUDU OD SURWHFFLyQ FRQWUD OD LQWHUIHUHQFLD HOHFWURPDJQpWLFD \ GH IUHFXHQFLD GH UDGLR (O FDEOH SXHGH HVWDU SURWHJLGR R QR &DEOH GH SDU GREOH SURWHJLGR &DEOH GH SDU WUHQ]DGR QR SURWHJLGR &DEOH GH SDU WUHQ]DGR SURWHJLGR 8Q QRGR GH UHG TXH UHTXLHUH VHUYLFLRV GH UHG GH XQ VHUYLGRU $53 $GGUHVV 5HVROXWLRQ 3URWRFRO $6&, , $PHULFDQ 6WDQGDUG &RGH IRU , QIRUPDWLRQ , QWHUFKDQJH $8, $WWDFKPHQW 8QLW , QWHUIDFH %LQGHU\ %1& &DEOH FRD[LDO &DEOH GH SDU WUHQ]DGR &DEOH WLSR &DEOH WLSR &DEOH WLSR &OLHQWH Qitvh!"! HhhyqryhhqvvhpvyqryvrhYr9pr8rr &38 &HQWUDO 3URFHVVLQJ 8QLW &60$&$ &DUULHU 6HQVH 0XOWLSOH $FFHVV ZLWK &ROOLVLRQ $YRLGDQFH (O PLFURSURFHVDGRU SULPDULR GH XQ 3& 0pWRGR GH DFFHVR D UHGHV TXH XWLOL]D FRQWHQFLyQ VLPLODU D &60$&' XWLOL]DGR SRU UHGHV /RFDO7DON $ GLIHUHQFLD GH &60$&' HQ HVWH PpWRGR HO QRGR GH HQYtR UHTXLHUH SHUPLVR GHO QRGR GH UHFHSFLyQ HOHJLGR SDUD UHDOL]DU OD WUDQVPLVLyQ 6L HO QRGR UHFHSWRU UHVSRQGH FRQ XQD VHxDO FOHDU WR VHQG FRPLHQ]D OD WUDQVPLVLyQ 0pWRGR GH DFFHVR D UHGHV HQ HO FXDO ORV QRGRV VH GLVSXWDQ HO GHUHFKR GH HQYLDU GDWRV 6L GRV R PiV QRGRV LQWHQWDQ WUDQVPLWLU DO PLVPR WLHPSR LQWHUUXPSHQ VX WUDQVPLVLyQ KDVWD TXH KD\D WUDQVFXUULGR XQ SHUtRGR DOHDWRULR GH WLHPSR GH PLFURVHJXQGRV \ OXHJR LQWHQWDQ YROYHU D HQYLDU 8Q FRQHFWRU HVWDQGDUL]DGR FRQ SLQV SDUD 7RNHQ 5LQJ \ FRQH[LRQHV HQ VHULH 8Q SURWRFROR 7&3, 3 SDUD GHVFXEULU \ PDQWHQHU LQIRUPDFLyQ GH UHFXUVRV GH UHG GLVWULEXLGD HQWUH GLIHUHQWHV VHUYLGRUHV (O VLVWHPD RSHUDWLYR GHVDUUROODGR SRU 0LFURVRIW \ D PHQXGR SRUWDGR SRU IDEULFDQWHV GH 3& FRPR , %0 SDUD HMHFXWDU HVSHFtILFDPHQWH HQ VXV 3& 8Q WLSR GH UXLGR HQ VRSRUWHV GH WUDQVPLVLyQ GH GDWRV TXH SXHGH UHGXFLU OD LQWHJULGDG GH ORV GDWRV \ DXPHQWDU ORV HUURUHV GH WUDQVPLVLyQ 8Q GLVSRVLWLYR $8, $WWDFKPHQW 8QLW , QWHUIDFH SDUD UHFLELU \ WUDQVPLWLU GDWRV TXH D PHQXGR RIUHFH WDPELpQ GHWHFFLyQ GH FROLVLRQHV 8Q 3& HQ UHG TXH VH UHVHUYD HQ JHQHUDO SDUD DSOLFDFLRQHV GH XVXDULR ILQDO 8QD UHG &60$&' GH EDQGD GH EDVH GH PHJDELWV SRU VHJXQGR RUJLQDOPHQWH GLVHxDGD SRU ;HUR[ &RUSRUDWLRQ &60$&' &DUULHU 6HQVH 0XOWLSOH $FFHVV&ROOLVLRQ 'HWHFWLRQ '% '16 'RPDLQ 1DPH 6HUYLFH '26 'LVN 2SHUDWLQJ 6\VWHP (0, 5), (OHFWURPDJQHWLF , QWHUIDFH5DGLR )UHTXHQF\ (PLVRUUHFHSWRU (VWDFLyQ GH WUDEDMR (WKHUQHW HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!"" *ORVDULR *ORVDULR (WKHU7DON 3URWRFROR $SSOH7DON TXH ULJH ODV WUDQVPLVLRQHV GH (WKHUQHW 7DPELpQ HO DGDSWDGRU \ ORV FRQWURODGRUHV (WKHUQHW GH $SSOH &RPSXWHU /D SULPHUD LPSOHPHQWDFLyQ OD )DVH IXH UHHPSOD]DGD SRU OD )DVH HQ 8Q SURWRFROR 7&3, 3 GH DSOLFDFLyQ TXH ULJH OD WUDQVIHUHQFLD GH DUFKLYRV 8Q FRQMXQWR MHUiUTXLFR GH SURWRFRORV DILQHV (VWLOR GH SUHVHQWDFLyQ GH SDQWDOOD EDVDGR HQ LFRQRV GLVHxDGR SRU ;HUR[ \ HO SUR\HFWR 3$5& 8QD RUJDQL]DFLyQ SURIHVLRQDO GHQWUR GH OD , 62 TXH FRODERUD HQ OD FUHDFLyQ GH HVWiQGDUHV GH UHGHV )73 )LOH 7UDQVIHU 3URWRFRO *UXSR GH SURWRFRORV *8, *UDSKLF 8VHU , QWHUIDFH , ((( , QVWLWXWH RI (OHFWULFDO DQG (OHFWURQLFV (QJLQHHUV , QWHUQHW , QWHUQHWZRUN , 3 , QWHUQHW 3URWRFRO , 3; , QWHUQHWZRUN 3DFNHW H[FKDQJH , 62 , QWHUQDWLRQDO 6WDQGDUGV 2UJDQL]DWLRQ /$1 /RFDO $UHD 1HWZRUN //& /RJLFDO OLQN FRQWURO 5HGHV FRQHFWDGDV TXH LQFOX\HQ D DTXHOODV GH OD 1DWLRQDO 6FLHQFH )RXQGDWLRQ \ OD $GYDQFHG 3URMHFWV 5HVHDUFK $JHQF\ 8QD FROHFFLyQ GH GRV R PiV UHGHV FRQHFWDGDV TXH SXHGHQ VHU GLVWLQWDV 3URWRFROR 7&3, 3 TXH ULJH HO UHHQYtR GH SDTXHWHV 3URWRFROR 1RYHOO 1HW:DUH VLPLODU D , 3 , QWHUQHW 3URWRFRO 8Q FRPLWp GH OtGHUHV GH OD LQGXVWULD TXH GHVDUUROODQ HVWiQGDUHV GH DSOLFDFLyQ \ WHOHFRPXQLFDFLyQ 8Q VLVWHPD GH VRIWZDUH \ KDUGZDUH FRQHFWDGR SRU XQ VRSRUWH FRP~Q GH WUDQVPLVLyQ GH GDWRV \ OLPLWDGR D XQ iUHD JHRJUiILFD GH PHQRV GH NLOyPHWURV 8Q SURWRFROR GH FDSDV TXH ULJH OD WUDQVPLVLyQ WDPELpQ FRQRFLGR FRPR HVWiQGDU GHO , ((( Qitvh!"# HhhyqryhhqvvhpvyqryvrhYr9pr8rr /RFDO7DON 0$& 0HGLXP $FFHVV &RQWURO 0$8 0XOWLVWDWLRQ $FFHVV 8QLW 0, % 0DQDJHPHQW , QIRUPDWLRQ %DVH 1HW:DUH 5HG GH EDQGD GH EDVH D NLORELWV SVHJ8VD HO PpWRGR GH DFFHVR &60$&$ 8Q SURWRFROR GH FDSDV TXH ULJH HO DFFHVR D ORV PHGLRV GH WUDQVPLVLyQ 8Q FRQFHQWUDGRU R HPLVRUUHFHSWRU SDUD DWUDHU QRGRV D XQ VRSRUWH GH WUDQVPLVLyQ 8QD EDVH GH GDWRV GH LQIRUPDFLyQ GH DGPLQLVWUDFLyQ GH UHG XWLOL]DGD SRU &0, 3 &RPPRQ 0DQDJHPHQW , QIRUPDWLRQ 3URWRFRO \ 6103 6LPSOH 1HWZRUN 0DQDJHPHQW 3URWRFRO 6LVWHPD RSHUDWLYR GH UHGHV GH 1RYHOO TXH XWLOL]D SURWRFRORV , 3; , QWHUQHWZRUN 3DFNHW ([FKDQJH \ 63; 6HTXHQWLDO 3DFNHW ([FKDQJH (O VLVWHPD RSHUDWLYR GH UHGHV EDVDGR HQ SURWRFRORV 7&3, 3 8Q VLVWHPD RSHUDWLYR GH OHFWXUD P~OWLSOH \ WDUHD P~OWLSOH SDUD XQ ~QLFR XVXDULR 1)6 1HWZRUN )LOH 6\VWHP 26 3DTXHWH 3DVR GH VHxDOHV 0pWRGR GH DFFHVR D UHGHV TXH UHTXLHUH TXH ORV QRGRV HVSHUHQ VX WXUQR DQWHV GH WUDQVPLWLU GDWRV /RV WXUQRV VH LQGLFDQ SRU PHGLR GH XQD VHFXHQFLD GH FDUDFWHUHV TXH SDVD GH XQ QRGR DO VLJXLHQWH 8QD UHSUHVHQWDFLyQ GH OD QDWXUDOH]D MHUiUTXLFD GH XQ JUXSR GH SURWRFRORV 0HPRULD HQ GRQGH ORV GDWRV VH DOPDFHQDQ WHPSRUDULDPHQWH SDUD SURFHVDPLHQWR 8Q SURWRFROR 7&3, 3 TXH ULJH OD WUDGXFFLyQ GH XQD GLUHFFLyQ '/& 'DWD/LQN &RQWURO D XQD GLUHFFLyQ , 3 , QWHUQHW 3URWRFRO 3LOD GH SURWRFRORV 5$0 5DQGRP $FFHVV 0HPRU\ 5$53 5HYHUVH $GGUHVV 5HVROXWLRQ 3URWRFRO HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!"$ *ORVDULR 8QD FROHFFLyQ GH ELWV TXH FRPSUHQGH LQIRUPDFLyQ GH GDWRV \ FRQWURO FRQ IRUPDWR SDUD OD WUDQVPLVLyQ GHVGH XQ QRGR KDFLD RWUR *ORVDULR 5HG 8Q VLVWHPD HQ HO FXDO GRV R PiV QRGRV R SURFHVRV SXHGHQ LQLFLDU FRPXQLFDFLRQHV HQWUH Vt (Q JHQHUDO GHVFULEH XQD UHG HQ GRQGH WRGRV ORV QRGRV WLHQHQ OD FDSDFLGDG GH FRPSDUWLU UHFXUVRV FRQ RWURV QRGRV GH PDQHUD WDO TXH SXHGH LPSOHPHQWDUVH XQ VHUYLGRU H[FOXVLYR DXQTXH QR VHD QHFHVDULR 8Q GLVSRVLWLYR TXH UHJHQHUD \ D PHQXGR DPSOLILFD VHxDOHV SDUD H[WHQGHU OD GLVWDQFLD GH WUDQVPLVLyQ (V LQGHSHQGLHQWH GH ORV SURWRFRORV \ PHGLRV &DEOH FRD[LDO FRQ LPSHGDQFLD GH RKP XWLOL]DGR SRU 7KLQQHW &RQHFWRUHV PRGXODUHV GH FDEOHV SDUD UHGHV (WKHUQHW 7RNHQ 5LQJ 6WDU/$1 \ DOJXQDV OtQHDV WHOHIyQLFDV 0pWRGR GH FRPXQLFDFLyQ GRQGH FDGD FDUiFWHU HQYLDGR HV GHYXHOWR D VX RULJHQ 3URWRFROR 7&3, 3 TXH ULJH HO FRQWURO GH UHGHV 5HSHWLGRU 5* 5- 6HPLG~SOH[ 6103 6LPSOH 1HWZRUN 0DQDJHPHQW 3URWRFRO 63; 6HTXHQWLDO 3DFNHW ([FKDQJH 7&3 7UDQVPLVVLRQ &RQWURO 3URWRFRO 7&3, 3 7UDQVPLVVLRQ &RQWURO 3URWRFRO, QWHUQHW 3URWRFRO 7HOQHW 7KLFNQHW 7KLQQHW /D LPSOHPHQWDFLyQ GH 633 6HTXHQWLDO 3DFNHW 3URWRFRO GH 1RYHOO 3URWRFROR 7&3, 3 TXH ULJH ORV GDWRV VHFXHQFLDGRV *UXSR GH SURWRFROR GHVDUUROODGR SRU OD $53$ $GYDQFHG 5HVHDUFK 3URMHFWV $JHQF\ 3URWRFROR 7&3, 3 TXH ULJH GDWRV GH XQD WHUPLQDO EDVDGD HQ FDUDFWHUHV &DEOHDGR TXH XWLOL]D FDEOH D[LDO GREOH &DEOHDGR TXH XWLOL]D FDEOH FRD[LDO GH RKP Qitvh!"% HhhyqryhhqvvhpvyqryvrhYr9pr8rr 7RNHQ 7RSRORJtD GH EXV 7RNHQ 5LQJ /D VHFXHQFLD GH FDUDFWHUHV TXH SDVD HQWUH QRGRV HQ VHFXHQFLD SDUD LQGLFDU FXiO WLHQH SHUPLVR SDUD WUDQVPLWLU 8QD WRSRORJtD GH UHG HQ OD FXDO ORV QRGRV HVWiQ FRQHFWDGRV D XQ VROR FDEOH FRQ WHUPLQDGRUHV HQ FDGD H[WUHPR 8QD UHG GH PHJDELW SRU VHJXQGR R PHJDELW SRU VHJXQGR TXH XWLOL]D XQD WRSRORJtD GH DQLOOR \ XQ PpWRGR GH DFFHVR GH SDVR GH VHxDOHV 8QD UHG FRQ OD FDSDFLGDG GH WUDQVPLWLU D WUDYpV GH JUDQGHV iUHDV JHRJUiILFDV TXH XWLOL]D OtQHDV GH WUDQVPLVLyQ VXPLQLVWUDGDV SRU XQD SRUWDGRUD FRP~Q 8QD R PiV UHGHV $SSOH7DON FRQHFWDGDV TXH VH DJUXSDQ GH DFXHUGR FRQ HO XVR GH ODV UHGHV :$1 :LGH $UHD 1HWZRUN =RQD HhhyqryhhqvvhpvyqryvrhYr9pr8rr Qitvh!"& *ORVDULR *ORVDULR Qitvh!"' HhhyqryhhqvvhpvyqryvrhYr9pr8rr QGLFH DOIDEpWLFR $ $FFHVR 3URSLHGDGHV GH 'RFXPHQW &HQWUH $FFHVR D LQIRUPDFLyQ GH DVLVWHQFLD $FWLYDU (WKHUQHW )XQFLyQ $FWXDOL]DFLyQ 3XHUWR SDUDOHOR 7RNHQ 5LQJ $FWXDOL]DFLyQ GH OD OLVWD GH SODQWLOODV HQ 'RFXPHQW &HQWUH $GPLQLVWUDFLyQ GH SODQWLOODV $JUHJDU DO ILQDO $SSOHWDON $VSHFWRV GH OD LQVWDODFLyQ % %DQ\DQ 9, 1(6 %RWyQ $FWXDOL]DU $FWLYDU %RWRQHV GH ODV SiJLQDV & &DOLGDG GH LPDJHQ GH OD VDOLGD &DOLGDG GH OD LPDJHQ GH VDOLGD &DUSHWD 1(76&$1;60 &RQHFWLYLGDG &RQHFWLYLGDG GH UHG &RQH[LyQ D YDULRV VHUYLGRUHV &RQH[LyQ FRPR DGPLQLVWUDGRU &RQH[LyQ GHO DGPLQLVWUDGRU &RQH[LRQHV ItVLFDV &RQH[LRQHV P~OWLSOHV &RQILJXUDFLyQ &RQILJXUDFLyQ GH OD H[SORUDFLyQ &RQILJXUDFLyQ GH OD SODQWLOOD GH GLVWULEXFLyQ &RQILJXUDFLyQ GHO FRQMXQWR GH SODQWLOODV &RQILJXUDFLyQ GHO GHSyVLWR GH SODQWLOODV &RQILJXULQJ (0DLO 6073 &RQWDGRUHV GHO XVR &RSLD GH SODQWLOODV GH GLVWULEXFLyQ &UHDFLyQ GH SODQWLOODV GH GLVWULEXFLyQ &XDGURV &XHQWDV H[LVWHQWHV ' 'HILQLFLyQ GH ODV UHVWULFFLRQHV , 3 'HILQLFLRQHV GH ORV ERWRQHV 'HPRQLR GH LPSUHVRUD GH OtQHD /35 /3' 'HSyVLWRV SULYDGRV 'HSyVLWRV S~EOLFRV 'HVFULSFLyQ 'HVFULSFLyQ JUDO GH H[SORUDFLyQ 'HVFULSFLyQ JUDO GH ORV GHSyVLWRV 'HVWLQR SDUD DUFKLYDU 'LVWULEXLU D DUFKLYR 'LVWULEXLU D ID[ 'RFXPHQW &HQWUH (VWDGR 3iJLQD SULQFLSDO 'RFXPHQWDFLyQ ( (GLFLyQ GH OD SiJLQD GH RSFLRQHV GH UHVWULFFLyQ , 3 (GLFLyQ GH QRPEUHV GH FRPXQLGDG 6103 (O SDVR VLJXLHQWH (OLPLQDFLyQ GH WUDEDMRV GH LPSUHVLyQ (OLPLQDFLyQ 3ODQWLOODV GH GLVWULEXFLyQ (PDLO &RQILJXULQJ (QDEOLQJ +773 6073 7URXEOHVKRRWLQJ (PXODFLyQ GH 'RFXPHQW &HQWUH (QYtR GH WUDEDMRV (VWDGR )LFKD (VWDGR GH ODV EDQGHMDV (VWDGR JHQHUDO (WKHUQHW ([SORUDFLyQ FRQ '& ([SORUDFLyQ GH GRFXPHQWRV ([SORUDFLyQ GH UHG XVXDULRV JHQHUDOHV H[SORUDFLyQ GH UHG XVXDULRV H[SHUWRV ([SORUDU ) )D[ VHWWLQJV )XQFLRQHV GH H[SORUDFLyQ )XQFLRQHV GH OD SODQWLOOD , , PSUHVLyQ 'RFXPHQWRV , QIRUPH GH FRQILJXUDFLyQ , PSUHVLyQ FRQ 3RUW , PSUHVLyQ GLIHULGD , PSUHVLyQ LQPHGLDWD , QIRUPDFLyQ GH DVLVWHQFLD , QIRUPH GH FRQILJXUDFLyQ / /LVWD GH IXHQWHV 0 0DQWHQLPLHQWR , PSULPLU XQ LQIRUPH GH FRQILJXUDFLyQ 0RVWUDU XQD OLVWD GH IXHQWHV 0HGLGRUHV GH IDFWXUDFLyQ PHQVDMHV GH DOHUWD 0HQVDMHV GH HUURU 0RVWUDU XQD OLVWD GH IXHQWHV 1 1(76&$1'$7 1(76&$1;67 1HW:DUH &RQILJXUDFLyQ GH OD H[SORUDFLyQ 2SFLRQHV GH FRQILJXUDFLyQ 1(;71$0('$7 1RPEUH GH FRPXQLGDG 6103 1RUPD SDUD DUFKLYDU 1RUPDV SDUD DUFKLYDU 1RUPDV SDUD DUFKLYDU GHO GHSyVLWR 1XHYR DXWRJHQHUDU 1XHYR H[DFWR 2 2&5 2SWLFDO &KDUDFWHU 5HFRJQLWLRQ 2SFLRQHV GH 'HVWLQR SDUD DUFKLYDU 2SFLRQHV GH H[SORUDFLyQ 3URSLHGDGHV 2SFLRQHV GH ([SORUDU D DUFKLYR 2SFLRQHV GH ([SORUDU D ID[ 3URSLHGDHV 2SFLRQHV GH ID[ 2SFLRQHV GH OD FRQILJXUDFLyQ 2SFLRQHV GH OD SODQWLOOD ([SORUDU 2SFLRQHV GH ODV SODQWLOODV JHQHUDO 2SFLRQHV GH VDOLGD 2SFLRQHV JHQHUDOHV GH OD SODQWLOOD 2SFLRQHV +773 6HJXULGDG 2SFLRQHV 3&/ 2SFLRQHV 3RVW6FULSW 3 3iJLQD GH SUXHED 3iJLQDV &XDGURV 3HUPLVRV GH HOLPLQDFLyQ 3ODQWLOOD SUHILMDGD 3URSLHGDGHV 3ODQWLOODV 'HVWLQR SDUD DUFKLYDU 2SFLRQHV GH H[SORUDFLyQ 3ODQWLOODV GH GLVWULEXFLyQ &RSLD &UHDFLyQ (OLPLQDFLyQ SURSLHGDGHV 3ODQWLOODV GH H[SORUDFLyQ 3ODQWLOODV SUHILMDGDV 3URFHVR GH H[SORUDFLyQ 3URSLHGDGHV &RQHFWLYLGDG &RQILJXUDFLyQ &RQWDGRUHV GHO XVR 'HVFULSFLyQ )LFKD 0HGLGRUHV GH IDFWXUDFLyQ 2SFLRQHV +773 3ODQWLOOD SUHILMDGD 3URWRFRORV GH UHG 6HJXULGDG 3URSLHGDGHV JHQHUDOHV 3URWRFRORV GH UHG 3UXHED GH OD LPSUHVLyQ 3XHUWR SDUDOHOR 4 4XLpQ GHEH XVDU HVWD *XtD 5 5HG 0LFURVRIW 5HLQLFLDU HO VLVWHPD 'RFXPHQW &HQWUH 5HTXLVLWRV JHQHUDOHV GH LQVWDODFLyQ 5HVWULFFLRQHV GH DFFHVR 5HVWULFFLRQHV , 3 'HILQLFLyQ 6 6FDQ WR )D[ VHWWLQJV 3URSHUWLHV 6HJXULGDG 6HUYLFLRV )LFKD 3URSLHGDGHV 6HUYLFLRV GH , QWHUQHW (VWDGR )XQFLRQHV GH OD LQWHUID] 3URSLHGDGHV 6HUYLFLRV 6ROXFLyQ GH SUREOHPDV 8VR 6HUYLGRU +773 &ODYH 6103 6REUHHVFULELU 6ROXFLyQ GH SUREOHPDV 7 7&3, 3 7, )) 7, )) 7DJJHG , PDJH )LOH )RUPDW 7, )) PXOWLSiJLQD 7RNHQ 5LQJ 7UDEDMR 7UDEDMRV 7UDEDMRV DFWLYRV 7UDEDMRV GH LPSUHVLyQ (OLPLQDFLyQ /LVWD 7URXEOHVKRRWLQJ (PDLO 8 8VR GH 6HUYLFLRV GH , QWHUQHW 9 9DULRV '&V FRPSDUWHQ XQ GHSyVLWR 9HU PHQVDMHV GH DOHUWD DFWLYRV ; ;60'(6&'$7 [. . . ]