GE PGB995SETSS User manual

Safety Instructions.     2–5

Operating Instructions

Aluminum.Foil.                 11

Clock.and.Timer.               14

Oven .                      9–28

. Baking.and.Roasting.         16

. Broiling,.Broiling.Guide.       13

. Control.Lockout.              23

. Convection.              17-22

. Lights.                       10

. Oven.Control.                 9

. Power.Outage.           10,.14

. Preheating .                  11

. Probe.                        16

. Racks.                       25

. Sabbath.Feature.             24

. Self-Cleaning.            27,.28

. Special.Features.         22,.23

. Thermostat.Adjustment.      26

. Timed.Baking..

. and.Roasting.                15

. Timed.Convection.Baking.20,.21

. Vent.                         10

Surface.Cooking .             6-8

. Griddle.                       8

Care and Cleaning

Burner.Assembly.              29

Burner.Grates.             31,.32

Control.Panel.and.Knobs.      33

Cooktop.                      33

Door.Removal.              35.34

Griddle.                        31

Oven.Bottom.                  34

Oven.Light.Replacement .      37

Oven.Vents .                   33

Racks.                         35

Self-Cleaning.              27,.28

Stainless.Steel.Surfaces .       36

Installation

Instructions

.           40–49

Air.Adjustment.                48

Anti-Tip.Device.                49

Assemble.Surface.Burners.     46

Checking.Burner..

Ignition.                       47

Connecting.the.Range..

to.Gas..                    42–44

Dimensions.and.Clearances.   40

Electrical.Connections.     45,.46

Leveling.the.Range.            50

LP.                            52

Troubleshooting

Tips

.                     50–53

Accessories.               54

Consumer Support

Consumer.Support.   Back.Cover

Warranty.for.Customers..

in.Canada .                    57

Warranty.for.Customers..

in.the.USA. .                  56

Ranges

.49-85181...05.-11...GE

JGB870.

PGB995.

CGS990

Owner’s Manual

& Installation

Instructions

GEAppliances.com

Self-Cleaning Gas

Write the model and serial

numbers here:

Model # ____________________

Serial # _____________________

You.can.find.them.on.a.label.under.

the.manifold.above.the.upper.oven.

door

In Canada contact us at:

www.GEAppliances.ca

For a Spanish version

of this manual,

visit our Website at

GEAppliances.com.

Para consultar una

version en español

de este manual de

instrucciones, visite

nuestro sitio de internet

GEAppliances.com.



,03257$176$)(7<,1)250$7,21

5($'$//,16758&7,216%()25(86,1*

6$9(7+(6(,16758&7,216

,03257$176$)(7<127,&(

7KH&DOLIRUQLD6DIH'ULQNLQJ:DWHUDQG7R[LF(QIRUFHPHQW$FWUHTXLUHVWKH*RYHUQRURI&DOLIRUQLDWRSXEOLVKDOLVWRI

VXEVWDQFHVNQRZQWRWKHVWDWHWRFDXVHFDQFHUELUWKGHIHFWVRURWKHUUHSURGXFWLYHKDUPDQGUHTXLUHVEXVLQHVVHVWR

ZDUQFXVWRPHUVRISRWHQWLDOH[SRVXUHWRVXFKVXEVWDQFHV

7KHILEHUJODVVLQVXODWLRQLQVHOIFOHDQRYHQVJLYHVRIIDYHU\VPDOODPRXQWRIFDUERQPRQR[LGHGXULQJWKHFOHDQLQJF\FOH

([SRVXUHFDQEHPLQLPL]HGE\YHQWLQJZLWKDQRSHQZLQGRZRUXVLQJDYHQWLODWLRQIDQRUKRRG

:$51,1*

'RQRWVWRUHRUXVHJDVROLQHRURWKHUIODPPDEOHYDSRUVDQGOLTXLGVLQWKHYLFLQLW\RIWKLVRUDQ\RWKHUDSSOLDQFH

:+$772'2,)<2860(//*$6

■ 'RQRWWU\WROLJKWDQ\DSSOLDQFH

■ 'RQRWWRXFKDQ\HOHFWULFDOVZLWFKGRQRWXVHDQ\SKRQHLQ\RXUEXLOGLQJ

■ ,PPHGLDWHO\FDOO\RXUJDVVXSSOLHUIURPDQHLJKERU·VSKRQH)ROORZWKHJDVVXSSOLHU·VLQVWUXFWLRQV

■ ,I\RXFDQQRWUHDFK\RXUJDVVXSSOLHUFDOOWKHILUHGHSDUWPHQW

,QVWDOODWLRQDQGVHUYLFHPXVWEHSHUIRUPHGE\DTXDOLILHGLQVWDOOHUVHUYLFHDJHQF\RUWKHJDVVXSSOLHU

:$51,1*

,IWKHLQIRUPDWLRQLQWKLVPDQXDOLVQRWIROORZHGH[DFWO\DILUHRUH[SORVLRQPD\

UHVXOWFDXVLQJSURSHUW\GDPDJHSHUVRQDOLQMXU\RUGHDWK

■$OOUDQJHVFDQWLS

■

%8516RURWKHU6(5,286,1-85,(6FDQUHVXOW

■ ,167$//DQG&+(&.WKHDQWLWLSEUDFNHWIROORZLQJWKHLQVWUXFWLRQVVXSSOLHGZLWKWKHEUDFNHW

7RUHGXFHWKHULVNRIWLSSLQJWKHUDQJHWKHUDQJHPXVWEHVHFXUHGE\DSURSHUO\LQVWDOOHGDQWLWLS

EUDFNHW6HHLQVWDOODWLRQLQVWUXFWLRQVVKLSSHGZLWKWKHEUDFNHWIRUFRPSOHWHGHWDLOVEHIRUHDWWHPSWLQJ

WRLQVWDOO

7RFKHFNLIWKHEUDFNHWLVLQVWDOOHGDQGHQJDJHGSURSHUO\ORRNXQGHUQHDWKWKHUDQJHWRVHHWKDWWKH

UHDUOHYHOLQJOHJLVHQJDJHGLQWKHEUDFNHW2QVRPHPRGHOVWKHVWRUDJHGUDZHURUNLFNSDQHOFDQEH

UHPRYHGIRUHDV\LQVSHFWLRQ,IYLVXDOLQVSHFWLRQLVQRWSRVVLEOHVOLGHWKHUDQJHIRUZDUGFRQILUPWKH

DQWLWLSEUDFNHWLVVHFXUHO\DWWDFKHGWRWKHIORRURUZDOODQGVOLGHWKHUDQJHEDFNVRWKHUHDUOHYHOLQJOHJLVXQGHUWKH

DQWLWLSEUDFNHW

,IWKHUDQJHLVSXOOHGIURPWKHZDOOIRUDQ\UHDVRQDOZD\VUHSHDWWKLVSURFHGXUHWRYHULI\WKHUDQJHLVSURSHUO\VHFXUHG

E\WKHDQWLWLSEUDFNHW

1HYHUFRPSOHWHO\UHPRYHWKHOHYHOLQJOHJVRUWKHUDQJHZLOOQRWEHVHFXUHGWRWKHDQWLWLSGHYLFHSURSHUO\

,I\RXGLGQRWUHFHLYHDQDQWLWLSEUDFNHWZLWK\RXUSXUFKDVHFDOOWRUHFHLYHRQHDWQRFRVWLQ&DQDGD

FDOO)RULQVWDOODWLRQLQVWUXFWLRQVRIWKHEUDFNHWYLVLW*($SSOLDQFHVFRPLQ&DQDGD*($SSOLDQFHVFD

:$51,1*



,03257$176$)(7<,1)250$7,21

5($'$//,16758&7,216%()25(86,1* *($SSOLDQFHVFRP

6$9(7+(6(,16758&7,216

:$51,1*

1(9(5XVHWKLVDSSOLDQFHDVDVSDFHKHDWHUWRKHDW

RUZDUPWKHURRP'RLQJVRPD\UHVXOWLQFDUERQ

PRQR[LGHSRLVRQLQJDQGRYHUKHDWLQJRIWKHRYHQ

■8VHWKLVDSSOLDQFHIRULWVLQWHQGHGSXUSRVHDVGHVFULEHG

LQWKLVRZQHU·VPDQXDO

■+DYH\RXUUDQJHLQVWDOOHGDQGSURSHUO\JURXQGHGE\

DTXDOLILHGLQVWDOOHULQDFFRUGDQFHZLWKWKHSURYLGHG

LQVWDOODWLRQLQVWUXFWLRQV$Q\DGMXVWPHQWDQGVHUYLFH

VKRXOGEHSHUIRUPHGRQO\E\DTXDOLILHGJDVUDQJH

LQVWDOOHUVRUVHUYLFHWHFKQLFLDQV'RQRWDWWHPSWWRUHSDLU

RUUHSODFHDQ\SDUWRI\RXUUDQJHXQOHVVLWLVVSHFLILFDOO\

UHFRPPHQGHGLQWKLVPDQXDO

■<RXUUDQJHLVVKLSSHGIURPWKHIDFWRU\VHWIRUXVH

ZLWKQDWXUDOJDV,WFDQEHFRQYHUWHGIRUXVHZLWK/3

JDV,IUHTXLUHGWKVHDGMXVWPHQWVPXVWEHPDGHE\D

TXDOLILHGWHFKQLFLDQLQDFFRUGDQFHZLWKWKHLQVWDOODWRLQ

LQVWUXFWLRQVDQGORFDOFRGHV7KHDJHQF\SHUIRUPLQJWKLV

ZRUNDVVXPHVUHVSRQVLELOLW\IRUWKHFRQYHUVLRQ

■+DYHWKHLQVWDOOHUVKRZ\RXWKHORFDWLRQRIWKHUDQJH

JDVVKXWRIIYDOYHDQGKRZWRWXUQLWRIILIQHFHVVDU\

■3OXJ\RXUUDQJHLQWRDYROWJURXQGHGRXWOHWRQO\'R

QRWUHPRYHWKHURXQGJURXQGLQJSURQJIURPWKHSOXJ

,ILQGRXEWDERXWWKHJURXQGLQJRIWKHKRPHHOHFWULFDO

V\VWHPLWLV\RXUUHVSRQVLELOLW\DQGREOLJDWLRQWRKDYHDQ

XQJURXQGHGRXWOHWUHSODFHGZLWKDSURSHUO\JURXQGHG

WKUHHSURQJRXWOHWLQDFFRUGDQFHZLWKWKH1DWLRQDO

(OHFWULFDO&RGH'RQRWXVHRQH[WHQVLRQFRUGZLWKWKLV

DSSOLDQFH

■%HIRUHSHUIRUPLQJDQ\VHUYLFHXQSOXJWKHUDQJH

RUGLVFRQQHFWWKHSRZHUVXSSO\DWWKHKRXVHKROG

GLVWULEXWLRQSDQHOE\UHPRYLQJWKHIXVHRUVZLWFKLQJRII

WKHFLUFXLWEUHDNHU

■%HVXUHDOOSDFNLQJPDWHULDOVDUHUHPRYHGIURPWKH

UDQJH

EHIRUHRSHUDWLQJWRSUHYHQWLJQLWLRQRIWKHVH

PDWHULDOV

■ $YRLGVFUDWFKLQJRULPSDFWLQJJODVVGRRUVFRRNWRSVRU

FRQWURO

SDQHOV'RLQJVRPD\OHDGWRJODVVEUHDNDJH'R

QRWFRRNRQDSURGXFWZLWKEURNHQJODVV6KRFNILUHRU

FXWVPD\RFFXU

■ 'RQRWOHDYHFKLOGUHQDORQHRUXQDWWHQGHGLQDQ

DUHDZKHUHDQDSSOLDQFHLVLQXVH7KH\VKRXOGQHYHU

EHDOORZHGWRFOLPEVLWRUVWDQGRQDQ\SDUWRIWKH

DSSOLDQFH

■ 'RQRWVWRUHLWHPVRILQWHUHVWWRFKLOGUHQDERYHDUDQJH

RURQWKHEDFNJXDUGRIDUDQJH³FKLOGUHQFOLPELQJRQ

WKHUDQJHWRUHDFKLWHPVFRXOGEHVHULRXVO\LQMXUHG

■'RQRWDOORZDQ\RQHWRFOLPEVWDQGRUKDQJRQWKH

RYHQGRRUGUDZHURUFRRNWRS7KH\FRXOGGDPDJHWKH

UDQJHRUWLSLWRYHUFDXVLQJVHYHUHLQMXU\RUGHDWK

■1HYHUEORFNWKHYHQWVDLURSHQLQJVRIWKHUDQJH7KH\

SURYLGHWKHDLULQOHWVDQGRXWOHWVWKDWDUHQHFHVVDU\IRU

WKHUDQJHWRRSHUDWHSURSHUO\ZLWKFRUUHFWFRPEXVWLRQ

$LURSHQLQJVDUHORFDWHGDWWKHUHDURIWKHFRRNWRS

DWWKHWRSDQGERWWRPRIWKHRYHQGRRUDQGDWWKH

ERWWRPRIWKHUDQJHXQGHUWKHZDUPLQJGUDZHUORZHU

RYHQGUDZHURUNLFNSDQHO

■ 8VHRQO\GU\SRWKROGHUV³PRLVWRUGDPSSRWKROGHUVRQ

KRWVXUIDFHVPD\UHVXOWLQEXUQVIURPVWHDP'RQRWOHW

SRWKROGHUVWRXFKVXUIDFHEXUQHUVEXUQHUJUDWHRURYHQ

KHDWLQJHOHPHQW'RQRWXVHDWRZHORURWKHUEXON\FORWK

LQSODFHRISRWKROGHUV

■%HFDUHIXOQRWWRWRXFKKRWVXUIDFHVRIWKHUDQJH

3RWHQWLDOO\KRWVXUIDFHVLQFOXGHEXUQHUVJUDWHVFRRNWRS

EDFNJXDUGRYHQDQGGRRULQWHULRUDQGFUHYLFHVDURXQG

WKHRYHQGRRU

■'RQRWKHDWXQRSHQHGIRRGFRQWDLQHUV3UHVVXUHFRXOG

EXLOGXSDQGWKHFRQWDLQHUFRXOGEXUVWFDXVLQJDQ

LQMXU\

■&RRNPHDWDQGSRXOWU\WKRURXJKO\³PHDWWRDWOHDVWDQ

LQWHUQDO

WHPSHUDWXUHRI)DQGSRXOWU\WRDWOHDVW

DQLQWHUQDOWHPSHUDWXUHRI)&RRNLQJWRWKHVH

WHPSHUDWXUHVXVXDOO\SURWHFWVDJDLQVWIRRGERUQHLOOQHVV

*(1(5$/6$)(7<,16758&7,216

:$51,1*



,03257$176$)(7<,1)250$7,21

5($'$//,16758&7,216%()25(86,1*

6$9(7+(6(,16758&7,216

■'RQRWXVHZDWHURQJUHDVHILUHV1HYHUSLFNXS

DIODPLQJSDQ7XUQWKHFRQWUROVRII6PRWKHUD

IODPLQJSDQRQDVXUIDFHEXUQHUE\FRYHULQJWKHSDQ

FRPSOHWHO\ZLWKDZHOOILWWLQJOLGFRRNLHVKHHWRUIODW

WUD\,IQHFHVVDU\XVHDPXOWLSXUSRVHGU\FKHPLFDORU

IRDPW\SHILUHH[WLQJXLVKHU

■,IWKHUHLVDILUHLQWKHRYHQGXULQJEDNLQJWXUQWKHRYHQ

RIIDQGNHHSWKHGRRUFORVHGXQWLOWKHILUHJRHVRXW,I

QHFHVVDU\XVHDPXOWLSXUSRVHGU\FKHPLFDORUIRDP

W\SHILUHH[WLQJXLVKHU

■ ,IWKHUHLVDILUHLQWKHRYHQGXULQJVHOIFOHDQWXUQWKH

RYHQRIIDQGZDLWIRUWKHILUHWRJRRXW'RQRWIRUFH

WKHGRRURSHQ,QWURGXFWLRQRIIUHVKDLUDWVHOIFOHDQ

WHPSHUDWXUHVPD\OHDGWRDEXUVWRIIODPHIURPWKH

RYHQ)DLOXUHWRIROORZWKLVLQVWUXFWLRQPD\UHVXOWLQ

VHYHUHEXUQV

,17+((9(172)$),5(7$.(7+()2//2:,1*67(36

7235(9(17,1-85<$1'),5(635($',1*

■1HYHUOHDYHWKHVXUIDFHEXUQHUVXQDWWHQGHGDWPHGLXP

RUKLJKKHDWVHWWLQJV)RRGVHVSHFLDOO\RLO\IRRGVPD\

LJQLWHUHVXOWLQJLQILUHWKDWFRXOGVSUHDGWRVXUURXQGLQJ

FDELQHWV

■1HYHUOHDYHRLOXQDWWHQGHGZKLOHIU\LQJ,IDOORZHGWR

KHDWEH\RQGLWVVPRNLQJSRLQWRLOPD\LJQLWHUHVXOWLQJ

LQILUHWKDWPD\VSUHDGWRVXUURXQGLQJFDELQHWV8VHD

GHHSIDWWKHUPRPHWHUZKHQHYHUSRVVLEOHWRPRQLWRURLO

WHPSHUDWXUH

■ 7RDYRLGRLOVSLOORYHUDQGILUHXVHDPLQLPXPDPRXQWRI

RLOZKHQVKDOORZSDQIU\LQJDQGDYRLGFRRNLQJIUR]HQ

IRRGVZLWKH[FHVVLYHDPRXQWVRILFH

■ 8VHSURSHUSDQVL]HDQGDYRLGSDQVWKDWDUHXQVWDEOH

RU

HDVLO\WLSSHG6HOHFWFRRNZDUHWKDWLVPDWFKHGWRWKH

VL]HRIWKHEXUQHU%XUQHUIODPHVVKRXOGEHDGMXVWHGVR

WKDWWKH\GRQRWH[WHQGEH\RQGWKHERWWRPRIWKHSDQ

([FHVVLYHIODPHPD\EHKD]DUGRXV

■$OZD\VXVHWKH/,7(SRVLWLRQZKHQLJQLWLQJWKHWRS

EXUQHUV

DQGPDNHVXUHWKHEXUQHUVKDYHLJQLWHG

■ :KHQXVLQJJODVVFHUDPLFFRRNZDUHPDNHVXUHLWLV

VXLWDEOHIRUFRRNWRSVHUYLFHRWKHUVPD\EUHDNEHFDXVH

RIVXGGHQFKDQJHLQWHPSHUDWXUH

■7RPLQLPL]HWKHSRVVLELOLW\RIEXUQVLJQLWLRQRI

IODPPDEOHPDWHULDOVDQGVSLOODJHWKHKDQGOHRID

FRQWDLQHUVKRXOGEHWXUQHGWRZDUGWKHFHQWHURIWKH

UDQJHZLWKRXWH[WHQGLQJRYHUQHDUE\EXUQHUV

■ :KHQSUHSDULQJIODPLQJIRRGVXQGHUDKRRGWXUQWKH

IDQRQ

■ 'RQRWXVHDZRNZLWKDURXQGPHWDOVXSSRUWULQJWKH

ULQJPD\WUDSKHDWDQGEORFNDLUWRWKHEXUQHUUHVXOWLQJ

LQDFDUERQPRQR[LGHKD]DUG

■ 'RQRWDWWHPSWWROLIWWKHFRRNWRS'RLQJVRPD\

GDPDJHWKHJDVWXELQJWRWKHVXUIDFHEXUQHUVUHVXOWLQJ

LQDJDVOHDNDQGULVNRIILUH

■ :KHQGLVDEOLQJ*DV&RQWURO/RFNRXWRQVRPHPRGHOV

PDNHVXUHWKHVXUIDFHFRQWUROVDUHVHWWRWKH2))

SRVLWLRQ7KLVZLOOSUHYHQWXQLQWHQGHGJDVIORZIURPWKH

EXUQHUV

■ 'RQRWXVHDOXPLQXPIRLOWRFRYHUWKHJUDWHVRUOLQH

DQ\SDUWRIWKHFRRNWRS'RLQJVRPD\UHVXOWLQFDUERQ

PRQR[LGHSRLVRQLQJRYHUKHDWLQJRIWKHFRRNWRS

VXUIDFHVRUDSRWHQWLDOILUHKD]DUG

&22.7236$)(7<,16758&7,216

:$51,1*

■'RQRWVWRUHRUXVHIODPPDEOHPDWHULDOVLQDQRYHQRU

QHDUWKHFRRNWRSLQFOXGLQJSDSHUSODVWLFSRWKROGHUV

OLQHQVZDOOFRYHULQJVFXUWDLQVGUDSHVDQGJDVROLQHRU

RWKHUIODPPDEOHYDSRUVDQGOLTXLGV

■

1HYHUZHDUORRVHILWWLQJRUKDQJLQJJDUPHQWVZKLOH

XVLQJWKHDSSOLDQFH$YRLGVWRULQJFRPPRQO\XVHGLWHPV

LQFDELQHWHVDERYHWKHUDQJHDQGEHFDUHIXOZKHQ

UHDFKLQJRYHUWKHUDQJH&ORWKLQJLQFORVHSUR[LPLW\WR

EXUQHUVRUKRWVXUIDFHVPD\LJQLWHFDXVLQJVHYHUHEXUQV

■ 'RQRWOHWFRRNLQJJUHDVHRURWKHUIODPPDEOHPDWHULDOV

DFFXPXODWHLQRUQHDUWKHUDQJH*UHDVHLQWKHRYHQRU

RQWKHFRRNWRSPD\LJQLWH

■ &OHDQYHQWLODWLQJKRRGVIUHTXHQWO\*UHDVHVKRXOGQRW

EHDOORZHGWRDFFXPXODWHRQWKHKRRGRUILOWHU



.((3)/$00$%/(0$7(5,$/6$:$<)5207+(5$1*(

:$51,1*

,03257$176$)(7<,1)250$7,21

5($'$//,16758&7,216%()25(86,1* *($SSOLDQFHVFRP



6$9(7+(6(,16758&7,216

:$51,1*



1(9(5FRYHUDQ\VORWVKROHVRU

SDVVDJHVLQWKHRYHQERWWRPRUFRYHUDQHQWLUHUDFNZLWK

PDWHULDOVVXFKDVDOXPLQXPIRLO'RLQJVREORFNVDLUIORZ

WKURXJKWKHRYHQDQGPD\FDXVHFDUERQPRQL[LGH

SRLVRQLQJ$OXPLQXPIRLOOLQLQJVPD\DOVRWUDSKHDWFDXVLQJ

DILUHKD]DUG

■6WDQGDZD\IURPWKHUDQJHZKHQRSHQLQJWKHRYHQ

GRRU+RWDLURUVWHDPZKLFKHVFDSHVFDQFDXVHEXUQV

WRKDQGVIDFHDQGRUH\HV

■ .HHSWKHRYHQIUHHIURPJUHDVHEXLOGXS*UHDVHLQWKH

RYHQPD\LJQLWH

■ 3ODFHRYHQUDFNVLQGHVLUHGORFDWLRQZKLOHRYHQLVFRRO

,IUDFNPXVWEHPRYHGZKLOHRYHQLVKRWEHFDUHIXOWR

DYRLGWRXFKLQJKRWVXUIDFHV

■3XOOWKHRYHQUDFNWRWKHVWRSORFNSRVLWLRQZKHQ

ORDGLQJDQGXQORDGLQJIRRGIURPWKHRYHQ7KLVKHOSV

SUHYHQWEXUQVIURPWRXFKLQJKRWVXUIDFHVRIWKHGRRU

DQGRYHQZDOOV

■ 'RQRWOHDYHLWHPVVXFKDVSDSHUFRRNLQJXWHQVLOVRU

IRRGLQWKHRYHQZKHQQRWLQXVH,WHPVVWRUHGLQDQ

RYHQFDQLJQLWH

■'RQRWOHDYHLWHPVRQWKHFRRNWRSQHDUWKHRYHQYHQW

ZKLFKLVLQWKHFHQWHURIWKHEDFNJXDUG,WHPVPD\

RYHUKHDWUHVXOWLQJLQDULVNRIILUHRUEXUQV

■:KHQXVLQJFRRNLQJRUURDVWLQJEDJVLQWKHRYHQIROORZ

WKHPDQXIDFWXUHU·VGLUHFWLRQV

■1HYHUEURLOZLWKGRRURSHQ2SHQGRRUEURLOLQJLVQRW

SHUPLWWHGGXHWRRYHUKHDWLQJRIFRQWURONQREV

29(16$)(7<,16758&7,216

:$51,1*

7KHVHOIFOHDQLQJIHDWXUHRSHUDWHVWKHRYHQDWWHPSHUDWXUHVKLJKHQRXJKWREXUQDZD\IRRGVRLOVLQWKHRYHQ

)ROORZWKHVHLQVWUXFWLRQVIRUVDIHRSHUDWLRQ

■%HIRUHRSHUDWLQJWKHVHOIFOHDQF\FOHUHPRYHSDQV

VKLQ\PHWDORYHQUDFNVDQGRWKHUXWHQVLOVIURPWKH

RYHQ2QO\SRUFHODLQFRDWHGRYHQUDFNVPD\EHOHIWLQ

WKHRYHQ'RQRWXVHVHOIFOHDQWRFOHDQRWKHUSDUWV

VXFKDVJUDWHV

■%HIRUHRSHUDWLQJWKHVHOIFOHDQF\FOHZLSHJUHDVHDQG

IRRGVRLOVIURPWKHRYHQ([FHVVLYHDPRXQWRIJUHDVH

PD\LJQLWHOHDGLQJWRVPRNHGDPDJHWR\RXUKRPH

■ ,IWKHVHOIFOHDQLQJPRGHPDOIXQFWLRQVWXUQWKHRYHQRII

DQGGLVFRQQHFWWKHSRZHUVXSSO\+DYHLWVHUYLFHGE\D

TXDOLILHGWHFKQLFLDQ

■ 'RQRWFOHDQWKHGRRUJDVNHW7KHGRRUJDVNHWLV

HVVHQWLDOIRUDJRRGVHDO&DUHVKRXOGEHWDNHQQRWWR

UXEGDPDJHRUPRYHWKHJDVNHW

■ 'RQRWXVHRYHQFOHDQHUV1RFRPPHUFLDORYHQFOHDQHU

RURYHQOLQHUSURWHFWLYHFRDWLQJRIDQ\NLQGVKRXOGEH

XVHGLQRUDURXQGDQ\SDUWRIWKHRYHQ

6(/)&/($1,1*29(16$)(7<,16758&7,216

:$51,1*

■7KHSXUSRVHRIWKHZDUPLQJGUDZHULVWRKROGKRW

FRRNHGIRRGVDWVHUYLQJWHPSHUDWXUH%DFWHULDZLOOJURZ

LQIRRGZKLOHLWLVEHORZ)'RQRWSXWFROGIRRGLQ

ZDUPLQJGUDZHU'RQRWKHDWIRRGIRUPRUHWKDQ

KRXUV)DLOXUHWRIROORZWKHVHLQVWUXFWLRQVPD\UHVXOWLQ

IRRGERUQHLOOQHVV

■'RQRWOHDYHSDSHUSURGXFWVSODVWLFVFDQQHGIRRGRU

FRPEXVWLEOHPDWHULDOVLQWKHGUDZHU7KH\PD\LJQLWH

■ 'RQRWWRXFKWKHKHDWLQJHOHPHQWRUWKHLQWHULRUVXUIDFH

RIWKHGUDZHU7KHVHVXUIDFHVPD\EHKRWHQRXJKWR

FDXVHEXUQV

■ 8VHFDUHZKHQRSHQLQJWKHGUDZHU2SHQWKHGUDZHUD

FUDFNDQGOHWKRWDLURUVWHDPHVFDSHEHIRUHUHPRYLQJ

RUUHSODFLQJIRRG+RWDLURUVWHDPWKDWHVFDSHVFDQ

FDXVHEXUQVWRKDQGVIDFHDQGRUH\HV

■ 'RQRWXVHDOXPLQXPIRLOWROLQHWKHZDUPLQJGUDZHU

)RLOLVDQH[FHOOHQWKHDWLQVXODWRUDQGZLOOWUDSKHDW

EHQHDWKLW7KLVZLOOXSVHWWKHSHUIRUPDQFHRIWKH

GUDZHUDQGSRWHQWLDOO\FDXVHDILUHKD]DUG

:$50,1*'5$:(5/2:(529(1'5$:(56$)(7<

,16758&7,216

6RPHPRGHOV

:$51,1*

8VLQJWKHJDVVXUIDFHEXUQHUV

7KURXJKRXWWKLVPDQXDOIHDWXUHVDQGDSSHDUDQFHPD\YDU\IURP\RXUPRGHO

+RZWR/LJKWD*DV6XUIDFH%XUQHU



:$51,1*

%XUQHUIODPHVWKDW

DUHQRWFRYHUHGE\FRRNZDUHPD\SUHVHQWDULVN

RIILUHRUFORWKLQJLJQLWLRQ7KHJULGGOHEXUQHU

VKRXOGRQO\EHXVHGZLWKWKHJULGGOHLQSODFH

)DLOXUHWRGRVRPD\UHVXOWLQVHULRXVLQMXU\

0DNHVXUHDOOWKHVXUIDFHEXUQHUVDUHSODFHGLQ

WKHLUUHVSHFWLYHSRVLWLRQV

3XVKWKHFRQWURONQRELQDQGWXUQLWWRWKH/,7( SRVLWLRQ

<RXZLOOKHDUDOLWWOHFOLFNLQJQRLVH³WKHVRXQG

RIWKHHOHFWULFVSDUNLJQLWLQJWKHEXUQHU

7XUQWKHNQREWRDGMXVWWKHIODPHVL]H,IWKH

NQREVWD\VDW/,7( LWZLOOFRQWLQXHWRFOLFN

:KHQRQHEXUQHULVWXUQHGWR/,7( DOOWKH

EXUQHUVVSDUN'RQRWDWWHPSWWRGLVDVVHPEOH

RUFOHDQDURXQGDQ\EXUQHUZKLOHDQRWKHU

EXUQHULVRQ$QHOHFWULFVKRFNPD\UHVXOWZKLFK

FRXOGFDXVH\RXWRNQRFNRYHUKRWFRRNZDUH

3XVKWKHFRQWURONQRELQDQGWXUQ

LWWRWKH/,7(SRVLWLRQ

%HIRUH/LJKWLQJD*DV%XUQHU

0DNHVXUHDOOEXUQHUVDUHLQSODFH

0DNHVXUHDOOJUDWHVRQWKHUDQJHDUH

SURSHUO\SODFHGEHIRUHXVLQJDQ\EXUQHU

,I\RXUUDQJHKDVWKH*DV&RQWURO/RFNRXW

IHDWXUHPDNHVXUHLWLVGLVDEOHGEHIRUH

DWWHPSWLQJWROLJKWWKHVXUIDFHEXUQHUV

$IWHU/LJKWLQJD*DV%XUQHU

'RQRWRSHUDWHWKHEXUQHUIRUDQH[WHQGHG

SHULRGRIWLPHZLWKRXWFRRNZDUHRQWKH

JUDWH7KHILQLVKRQWKHJUDWHPD\FKLS

ZLWKRXWFRRNZDUHWRDEVRUEWKHKHDW

%HVXUHWKHEXUQHUVDQGJUDWHVDUHFRRO

EHIRUH\RXSODFH\RXUKDQGDSRWKROGHU

FOHDQLQJFORWKVRURWKHUPDWHULDOVRQWKHP

6HDOHG*DV%XUQHUV

<RXUJDVUDQJHFRRNWRSKDVVHDOHGJDV

EXUQHUV7KH\RIIHUFRQYHQLHQFHFOHDQDELOLW\

DQGIOH[LELOLW\WREHXVHGLQDZLGHUDQJHRI

FRRNLQJDSSOLFDWLRQV

7KHVPDOOHVWEXUQHULQWKHULJKWUHDUSRVLWLRQ

LVWKHVLPPHUEXUQHU2QVRPHPRGHOVWKH

ULJKWIURQWSRVLWLRQWULSOHIODPHEXUQHUZLOOEH

WKHVLPPHUEXUQHU7KLVEXUQHUFDQEHWXUQHG

GRZQWR6,0IRUDYHU\ORZVLPPHUVHWWLQJ

,WSURYLGHVSUHFLVHFRRNLQJSHUIRUPDQFHIRU

GHOLFDWHIRRGVVXFKDVVDXFHVRUIRRGVWKDW

UHTXLUHORZKHDWIRUDORQJFRRNLQJWLPH

7KHPHGLXPOHIWUHDUDQGWKHODUJHOHIW

IURQWEXUQHUVDUHWKHSULPDU\EXUQHUV

IRUPRVWFRRNLQJ7KHVHJHQHUDOSXUSRVH

EXUQHUVFDQEHWXUQHGGRZQIURP+,WR/2WR

VXLWDZLGHUDQJHRIFRRNLQJQHHGV

7KHH[WUDODUJHEXUQHUULJKWIURQWWULSOHIODPH

EXUQHURUOHIWIURQWEXUQHURQVRPHPRGHOVDUH

WKHPD[LPXPRXWSXWEXUQHUV/LNHWKHRWKHU

IRXUEXUQHUVLWFDQEHWXUQHGGRZQIURP+,WR

6,0IRUDZLGHUDQJHRIFRRNLQJDSSOLFDWLRQV

7KHVHEXUQHUVDUHGHVLJQHGWRTXLFNO\EULQJ

ODUJHDPRXQWVRIOLTXLGWRDERLO7KH\KDYH

DVSHFLDO32:(5%2,/



VHWWLQJGHVLJQHGWR

EHXVHGZLWKFRRNZDUHLQFKHVRUODUJHULQ

GLDPHWHUIRUWKHH[WUDODUJHDQGLQFKHVRU

ODUJHUIRUWKHWULSOHIODPHEXUQHU

7KHFHQWHURYDOEXUQHURQVRPHPRGHOVLVIRU

ODUJHSRWVSDQVRUIRUXVHZLWKWKHJULGGOH

0HGLXP

6PDOO

/DUJH

&HQWHURYDO

RQVRPH

PRGHOV

([WUD/DUJH

([WUD

/DUJH

RQ

VRPH

PRGHOV

7ULULQJ

EXUQHURQ

VRPHPRGHOV

%ULGJHEXUQHU

RQVRPH

PRGHOV

)RUH[WUDODUJHEXUQHUVRQO\

)RUWULULQJEXUQHUVRQO\



 *($SSOLDQFHVFRP

+RZWR6HOHFW)ODPH6L]H

 :$51,1*



)ODPHVWKDWDUH

QRWFRYHUHGE\FRRNZDUHPD\SUHVHQWDULVN

RIEXUQVRUFORWKLQJLJQLWRQ1HYHUOHWIODPHV

H[WHQGEH\RQGWKHVLGHVRIWKHFRRNZDUH

:DWFKWKHIODPHQRWWKHNQREDV\RXDGMXVW

KHDW:KHQIDVWKHDWLQJLVGHVLUHGWKHIODPH

VL]HRQDJDVEXUQHUVKRXOGPDWFKWKH

FRRNZDUH\RXDUHXVLQJ

)ODPHVODUJHUWKDQWKHERWWRPRIWKHFRRNZDUH

ZLOOQRWUHVXOWLQIDVWHUKHDWLQJDQGPD\EH

KD]DUGRXV

,Q&DVHRI3RZHU)DLOXUH

,QFDVHRIDSRZHUIDLOXUH\RXFDQOLJKWWKH

JDVVXUIDFHEXUQHUVRQ\RXUUDQJHZLWKD

PDWFK+ROGDOLWPDWFKWRWKHEXUQHUWKHQ

SXVKLQDQGWXUQWKHFRQWURONQREWRWKH/,7(

SRVLWLRQ8VHH[WUHPHFDXWLRQZKHQOLJKWLQJ

EXUQHUVWKLVZD\

6XUIDFHEXUQHUVLQXVHZKHQDQHOHFWULFDO

SRZHUIDLOXUHRFFXUVZLOOFRQWLQXHWRRSHUDWH

QRUPDOO\

127(,I*DV&RQWURO/RFNRXWLVLQXVHDWWKH

WLPHRIDSRZHUIDLOXUHWKHVXUIDFHEXUQHUV

FDQQRWEHOLW

:RN7KLV:D\

:HUHFRPPHQGWKDW\RXXVHDLQFKRU

VPDOOHUIODWERWWRPHGZRN0DNHVXUHWKHZRN

ERWWRPVLWVIODWRQWKHJUDWH7KH\DUHDYDLODEOH

DW\RXUORFDOUHWDLOVWRUH

2QO\DIODWERWWRPHGZRNVKRXOGEHXVHG

'RQRWXVHDZRNVXSSRUWULQJ3ODFLQJWKH

ULQJRYHUWKHEXUQHURUJUDWHPD\FDXVHWKH

EXUQHUWRZRUNLPSURSHUO\UHVXOWLQJLQFDUERQ

PRQR[LGHOHYHOVDERYHDOORZDEOHVWDQGDUGV

7KLVFRXOGEHGDQJHURXVWR\RXUKHDOWK

8VHDIODWERWWRPHGZRN

6WRYH7RS*ULOOV

'RQRWXVHVWRYHWRSJULOOVRQ\RXUVHDOHGJDV

EXUQHUV,I\RXXVHWKHVWRYHWRSJULOORQWKH

VHDOHGJDVEXUQHULWZLOOFDXVHLQFRPSOHWH

FRPEXVWLRQDQGFDQUHVXOWLQH[SRVXUHWR

FDUERQPRQR[LGHOHYHOVDERYHDOORZDEOH

FXUUHQWVWDQGDUGV

7KLVFDQEHKD]DUGRXVWR\RXUKHDOWK

7RSRI5DQJH&RRNZDUH

$OXPLQXP0HGLXPZHLJKWFRRNZDUHLV

UHFRPPHQGHGEHFDXVHLWKHDWVTXLFNO\

DQGHYHQO\0RVWIRRGVEURZQHYHQO\LQDQ

DOXPLQXPVNLOOHW8VHVDXFHSDQVZLWKWLJKW

ILWWLQJOLGVZKHQFRRNLQJZLWKPLQLPXP

DPRXQWVRIZDWHU

&DVW,URQ,IKHDWHGVORZO\PRVWVNLOOHWVZLOO

JLYHVDWLVIDFWRU\UHVXOWV

(QDPHOZDUH8QGHUVRPHFRQGLWLRQVWKH

HQDPHORIVRPHFRRNZDUHPD\PHOW)ROORZ

FRRNZDUHPDQXIDFWXUHU·VUHFRPPHQGDWLRQV

IRUFRRNLQJPHWKRGV

*ODVV7KHUHDUHWZRW\SHVRIJODVV

FRRNZDUH³WKRVHIRURYHQXVHRQO\DQG

WKRVHIRUWRSRIUDQJHFRRNLQJVDXFHSDQV

FRIIHHDQGWHDSRWV*ODVVFRQGXFWVKHDW

YHU\VORZO\

+HDWSURRI*ODVV&HUDPLF&DQEHXVHGIRU

HLWKHUVXUIDFHRURYHQFRRNLQJ,WFRQGXFWV

KHDWYHU\VORZO\DQGFRROVYHU\VORZO\&KHFN

FRRNZDUHPDQXIDFWXUHU·VGLUHFWLRQVWREH

VXUHLWFDQEHXVHGRQJDVUDQJHV

6WDLQOHVV6WHHO7KLVPHWDODORQHKDVSRRU

KHDWLQJSURSHUWLHVDQGLVXVXDOO\FRPELQHG

ZLWKFRSSHUDOXPLQXPRURWKHUPHWDOVIRU

LPSURYHGKHDWGLVWULEXWLRQ&RPELQDWLRQ

PHWDOVNLOOHWVXVXDOO\ZRUNVDWLVIDFWRULO\

LIWKH\DUHXVHGZLWKPHGLXPKHDWDVWKH

PDQXIDFWXUHUUHFRPPHQGV







:$51,1*)LUH+D]DUG

7KH3UH+HDWVHWWLQJRQVRPHPRGHOVLVSURYLGHGWR

TXLFNO\SUHKHDW\RXUJULGGOH7XUQFRQWUROGRZQEHIRUH

SODFLQJIRRGRQWKHJULGGOH&RRNLQJRQWKH3UH+HDW

VHWWLQJPD\UHVXOWLQILUH

8VHFDUHZKHQFRRNLQJJUHDV\IRRGV6SLOOHGJUHDVHPD\

UHVXOWLQILUH

1HYHUSODFHRUVWRUHDQ\LWHPVRQWKHJULGGOHHYHQZKHQ

LWLVQRWLQXVH+HDWIURPVXUURXQGLQJEXUQHUVFDQKHDW

WKHJULGGOHDQGPD\UHVXOWLQILUH

3ODFHDQGUHPRYHWKHJULGGOHRQO\ZKHQDOOJUDWHVDQG

JULGGOHDUHFRRODQGDOOVXUIDFHXQLWVDUHWXUQHG2))

0RVWJULGGOHGIRRGVUHTXLUHFRRNLQJRQDSUHKHDWHGVXUIDFH

3UHKHDWJULGGOHDFFRUGLQJWRWKLVJXLGHWKHQVZLWFKWRWKH

GHVLUHGFRRNVHWWLQJ



'RQRWXVHRLORQWKHJULGGOHIRUH[WHQGHGOHQJWKVRIWLPH

3HUPDQHQWVWDLQLQJDQGRUFUD]HOLQHVRQWKHVXUIDFHFRXOGUHVXOW

'RQRWRYHUKHDWWKHJULGGOH/HDYLQJWKHJULGGOHEXUQHU

RQDW+,IRUDQH[WHQGHGDPRXQWRIWLPHZLWKRXWIRRGFDQ

GDPDJHWKHQRQVWLFNFRDWLQJ

$YRLGXVLQJPHWDOXWHQVLOVZLWKVKDUSSRLQWVRUURXJKVKDUS

HGJHV

ZKLFKPLJKWGDPDJHWKHJULGGOHVXUIDFH

'RQRWFXWIRRGVRQWKHJULGGOH

<RXUQRQVWLFNFRDWHGJULGGOHRUSUHVHDVRQHG

JULGGOHRQVRPHPRGHOVSURYLGHVDQ

H[WUDODUJHFRRNLQJVXUIDFHIRUPHDWV

SDQFDNHVRURWKHUIRRGXVXDOO\SUHSDUHGLQD

IU\LQJSDQRUVNLOOHW

127(<RXUJULGGOHZLOOGLVFRORURYHUWLPHDVLW

EHFRPHVVHDVRQHGZLWKXVH

+RZWR,QVHUWWKH*ULGGOH

8VLQJWKHJULGGOHRQVRPHPRGHOV

7KHJULGGOHFDQRQO\EHXVHGZLWKWKHFHQWHU

EXUQHU7RLQVHUWWKHJULGGOHUHPRYHWKHFHQWHU

JUDWHDQGUHSODFHZLWKWKHJULGGOH

127('RQRWFOHDQWKHJULGGOHLQWKHVHOI

FOHDQLQJRYHQ

8VLQJWKH*ULGGOH

1RQVWLFN*ULGGOHIRU0RGHOV-*%

7\SHRI)RRG 3UHKHDW7LPH &RRN6HWWLQJ

:DUPLQJ7RUWLOODV PLQ 

3DQFDNHV PLQ 

+DPEXUJHUV PLQ 

)ULHG(JJV PLQ 

%UHDNIDVW6DXVDJH/LQNV PLQ 

+RW6DQGZLFKHVVXFKDV

*ULOOHG&KHHVH

PLQ 

7\SHRI)RRG 3UHKHDW&RQGLWLRQV &RRN6HWWLQJ

:DUPLQJ7RUWLOODV QRQH 0HG/RZ

3DQFDNHV 0HG+L

PLQ

0HG+L

+DPEXUJHUV 0HG+L

PLQ

0HG+L

%UHDNIDVW6DXVDJH/LQNV +L

PLQ

0HG

+RW6DQGZLFKHVVXFKDV

*ULOOHG&KHHVH

+L

PLQ

127(*ULGGOHVHWWLQJVPD\QHHGWREHDGMXVWHGLIWKHJULGGOHLV

XVHGIRUDQH[WHQGHGWLPH

127(*ULGGOHVHWWLQJVPD\QHHGWREHDGMXVWHGLIWKHJULGGOHLV

XVHGIRUDQH[WHQGHGWLPH

127(*ULGGOHVHWWLQJVPD\QHHGWREHDGMXVWHGLIWKHJULGGOHLV

XVHGIRUDQH[WHQGHGWLPH

3UHVHDVRQHG*ULGGOHIRU0RGHO3*%

7\SHRI)RRG 3UHKHDW

&RQGLWLRQV

&RRN6HWWLQJ

:DUPLQJ7RUWLOODV QRQH 0HG/RZ

3DQFDNHV 0HG+L

PLQ

0HG

+DPEXUJHUV +L

PLQ

0HG

6HDURQ+LIRU

PLQXWHRQHDFK

VLGH

)ULHG(JJV +L

PLQ

0HG

%UHDNIDVW6DXVDJH/LQNV +L

PLQ

0HG

+RW6DQGZLFKHVVXFKDV

*ULOOHG&KHHVH

+L

PLQ

1RQVWLFN*ULGGOHIRU0RGHO&*6

8VLQJWKHORZHURYHQ



7KURXJKRXWWKLVPDQXDOIHDWXUHVDQGDSSHDUDQFHPD\YDU\IURP\RXUPRGHO

%DNH3DG

7RXFKWRVHOHFWWKHEDNHIXQFWLRQ

&RQYHFWLRQ%DNH3DGRQVRPHPRGHOV

7RXFKWRVHOHFWEDNLQJZLWKWKHFRQYHFWLRQIXQFWLRQ

&RQYHFWLRQ5RDVW3DGRQVRPHPRGHOV

7RXFKWRVHOHFWURDVWLQJZLWKWKHFRQYHFWLRQ

IXQFWLRQ

6WDUW3DG

0XVWEHWRXFKHGWRVWDUWDQ\FRRNLQJRUFOHDQLQJ

IXQFWLRQ

:DUP3DG

7RXFKWRNHHSFRRNHGIRRGVZDUP6HHWKH+RZWR

6HWWKH2YHQIRU:DUPLQJVHFWLRQ

'LVSOD\

6KRZVWKHWLPHRIGD\RYHQWHPSHUDWXUHZKHWKHU

WKHRYHQLVLQWKHEDNHEURLORUVHOIFOHDQLQJPRGH

WKHWLPHVVHWIRUWKHWLPHURUDXWRPDWLFRYHQ

RSHUDWLRQVDQGLIWKHUDQJHLVORFNHG

,I´)²µDQGDQXPEHURUOHWWHUIODVKLQWKHGLVSOD\

DQGWKHRYHQFRQWUROVLJQDOVWKLVLQGLFDWHVDIXQFWLRQ

HUURUFRGH7RXFKWKH&OHDU2IISDG$OORZWKHRYHQWR

FRROIRURQHKRXU3XWWKHRYHQEDFNLQWRRSHUDWLRQ,IWKH

IXQFWLRQHUURUFRGHUHSHDWVGLVFRQQHFWWKHSRZHUWRWKH

RYHQDQGFDOOIRUVHUYLFH

,I\RXURYHQZDVVHWIRUDWLPHGRYHQRSHUDWLRQDQGD

SRZHURXWDJHRFFXUUHGWKHFORFNDQGDOOSURJUDPPHG

IXQFWLRQVPXVWEHUHVHW

7KHWLPHRIGD\ZLOOIODVKLQWKHGLVSOD\ZKHQWKHUHKDV

EHHQDSRZHURXWDJH

6HOI&OHDQ3DG

7RXFKWRVHOHFWVHOIFOHDQLQJIXQFWLRQ6HHWKH

8VLQJWKHVHOIFOHDQLQJRYHQ VHFWLRQ

 2YHQ/LJKW2Q2II3DG

7RXFKWRWXUQWKHRYHQOLJKWRQRURII

'HOD\6WDUW3DG

8VHDORQJZLWK&RRNLQJ7LPHRU6HOI&OHDQSDGV

WRVHWWKHRYHQWRVWDUWDQGVWRSDXWRPDWLFDOO\DWD

WLPH\RXVHW

&RRNLQJ7LPH3DG

7RXFKDQGWKHQWRXFKWKHQXPEHUSDGVWRVHWWKH

DPRXQWRIWLPH\RXZDQW\RXUIRRGWRFRRN7KH

RYHQZLOOVKXWRIIZKHQWKHFRRNLQJWLPHKDVUXQ

RXW

&OHDU2II3DG

7RXFKWRFDQFHO$//RYHQRSHUDWLRQVH[FHSWWKH

FORFNWLPHUDQG*DV&RQWURO/RFNRXWRU&RQWURO

/RFNRXWGHSHQGLQJRQPRGHO

&ORFN3DG

7RXFKEHIRUHVHWWLQJWKHFORFN

1XPEHU3DGV

8VHWRVHWDQ\IXQFWLRQUHTXLULQJQXPEHUVVXFK

DVWKHWLPHRIGD\RQWKHFORFNWKHWLPHUWKHRYHQ

WHPSHUDWXUHWKHLQWHUQDOIRRGWHPSHUDWXUHWKH

VWDUWWLPHDQGOHQJWKRIRSHUDWLRQIRUWLPHGEDNLQJ

DQGVHOIFOHDQLQJ

.LWFKHQ7LPHU2Q2II3DG

7RXFKWRVHOHFWWKHWLPHUIHDWXUH

3UREH3DG

7RXFKZKHQXVLQJWKHSUREHWRFRRNIRRG

*DV&RQWURO/RFNRXW3DGRQVRPHPRGHOV

7RXFKDQGKROGWKH*DV&RQWURO/RFNRXWSDG

IRUVHFRQGVWRORFNXQORFNWKHVXUIDFHEXUQHUV

RYHQEXUQHUVDQGFRQWUROSDQHOVRWKH\FDQQRWEH

DFWLYDWHG

2YHQ&RQWURO&ORFN7LPHUDQG)HDWXUHV

)HDWXUHVDSSHDUDQFHDQGSDGORFDWLRQVPD\YDU\

HOLD 3 SEC



8VLQJWKHRYHQV

7RDYRLGSRVVLEOHEXUQVSODFHWKHUDFNVLQWKHGHVLUHGSRVLWLRQEHIRUH\RXWXUQWKHRYHQRQ

%HIRUH\RXEHJLQ«

7KHUDFNVKDYHVWRSORFNVVRWKDWZKHQSODFHG

FRUUHFWO\RQWKHUDFNVXSSRUWV$WKURXJK&

WKH\ZLOOVWRSEHIRUHFRPLQJFRPSOHWHO\RXW

DQGZLOOQRWWLOW

:KHQSODFLQJDQGUHPRYLQJFRRNZDUHSXOOWKH

UDFNRXWWRWKHEXPSRQWKHUDFNVXSSRUW

 &$87,21



:KHQ\RXDUHXVLQJ

DUDFNLQWKHORZHVWSRVLWLRQ5\RXZLOO

QHHGWRXVHFDXWLRQZKHQSXOOLQJWKHUDFN

RXW:HUHFRPPHQGWKDW\RXSXOOWKHUDFN

RXWVHYHUDOLQFKHVDQGWKHQXVLQJWZRSRW

KROGHUVSXOOWKHUDFNRXWE\KROGLQJWKH

VLGHVRILW7KHUDFNLVORZDQG\RXFDQEH

EXUQHGLI\RXSXW\RXUKDQGLQWKHPLGGOHRI

WKHUDFNDQGSXOODOOWKHZD\RXW%HFDUHIXO

QRWWREXUQ\RXUKDQGRQWKHGRRUZKHQ

XVLQJWKHUDFNLQWKHORZHVWSRVLWLRQ5

7RUHPRYHDUDFN SXOOLWWRZDUG\RXWLOWWKH

IURQWHQGXSDQGSXOOLWRXW

7RUHSODFH SODFHWKHHQGRIWKHUDFNVWRS

ORFNVRQWKHVXSSRUWWLOWXSWKHIURQWDQGSXVK

WKHUDFNLQ

127(7KHUDFNLVQRWGHVLJQHGWRVOLGHRXWDW

WKHVSHFLDOORZUDFN5SRVLWLRQ



7KHRYHQKDVVKHOISRVLWLRQV

,WDOVRKDVDVSHFLDOORZVKHOI

SRVLWLRQ5IRUH[WUDODUJHLWHPV

VXFKDVDODUJHWXUNH\

3RZHU2XWDJH

7KHRYHQRUEURLOHUFDQQRWEHOLWGXULQJDSRZHU

IDLOXUH*DVZLOOQRWIORZXQOHVVWKHJORZEDULV

KRW

,IWKHRYHQLVLQXVHZKHQDSRZHUIDLOXUH

RFFXUVWKHRYHQEXUQHUVKXWVRIIDQGFDQQRW

EHUHOLWXQWLOSRZHULVUHVWRUHG7KLVLVEHFDXVH

WKHIORZRIJDVLVDXWRPDWLFDOO\VWRSSHG

DQGZLOOQRWUHVXPHZKHQSRZHULVUHVWRUHG

XQWLOWKHJORZEDUKDVUHDFKHGRSHUDWLQJ

WHPSHUDWXUH

8SSHU2YHQ/LJKW

7RXFKWKH2YHQ/LJKWSDGRQWKHXSSHUFRQWURO

SDQHOWRWXUQWKHOLJKWRQRURII

8SSHU2YHQ9HQW

<RXURYHQLVYHQWHGWKURXJKGXFWVDWWKHUHDU

RIWKHUDQJH'RQRWEORFNWKHVHGXFWVZKHQ

FRRNLQJLQWKHRYHQ³LWLVLPSRUWDQWWKDWWKH

IORZRIKRWDLUIURPWKHRYHQDQGIUHVKDLU

WRWKHRYHQEXUQHUEHXQLQWHUUXSWHG$YRLG

WRXFKLQJWKHYHQWRSHQLQJVRUQHDUE\VXUIDFHV

GXULQJRYHQRUEURLOHURSHUDWLRQ³WKH\PD\

EHFRPHKRW

+DQGOHVRISRWVDQGSDQVRQWKHFRRNWRS

PD\EHFRPHKRWLIOHIWWRRFORVHWRWKHYHQW

'RQRWOHDYHSODVWLFRUIODPPDEOHLWHPVRQ

WKHFRRNWRS³WKH\PD\PHOWRULJQLWHLIOHIW

WRRFORVHWRWKHYHQW

'RQRWOHDYHFORVHGFRQWDLQHUVRQWKH

FRRNWRS7KHSUHVVXUHLQFORVHGFRQWDLQHUV

PD\LQFUHDVHZKLFKPD\FDXVHWKHP

WREXUVW

0HWDOLWHPVZLOOEHFRPHYHU\KRWLIWKH\DUH

OHIWRQWKHFRRNWRSDQGFRXOGFDXVHEXUQV

3ODVWLFLWHPVRQWKHFRRNWRSPD\

PHOWLIOHIWWRRFORVHWRWKHYHQW

9HQWDSSHDUDQFHDQGORFDWLRQYDU\

,I\RXUPRGHOKDVDGRRUODWFKGRQRWORFNWKHRYHQGRRUZLWKWKHODWFKGXULQJEDNLQJRUURDVWLQJ7KHODWFKLVXVHGIRUVHOI

FOHDQLQJRQO\

+RZWR6HWWKH/RZHU2YHQIRU%DNLQJRU5RDVWLQJ

<RXURYHQLVQRWGHVLJQHGIRURSHQGRRU

FRRNLQJ

7RXFKWKH%$.(SDG

7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG

WHPSHUDWXUH

7RXFKWKH67$57 SDG

7KHZRUG21 DQG ZLOOEHGLVSOD\HG$VWKH

RYHQKHDWVXSWKHGLVSOD\ZLOOVKRZWKHFKDQJLQJ

WHPSHUDWXUH:KHQWKHRYHQUHDFKHVWKH

WHPSHUDWXUH\RXVHWDWRQHZLOOVRXQG

7RFKDQJHWKHRYHQWHPSHUDWXUHGXULQJ%$.(

F\FOHSUHVVWKH%$.(SDGDQGWKHQWKHQXPEHU

SDGVWRJHWWKHQHZWHPSHUDWXUH

&KHFNIRRGIRUGRQHQHVVDWPLQLPXPWLPH

RQUHFLSH&RRNORQJHULIQHFHVVDU\

7RXFKWKH&/($52)) SDGZKHQFRRNLQJ

LVFRPSOHWH

127($FRROLQJIDQPD\DXWRPDWLFDOO\WXUQRQ

DQGRIIWRFRROLQWHUQDOSDUWV7KLVLVQRUPDODQG

WKHIDQPD\FRQWLQXHWRUXQHYHQDIWHUWKHXQLW

LVWXUQHGRII

3UHKHDWLQJDQG3DQ3ODFHPHQW

7RDYRLGSRVVLEOHEXUQVSODFHWKHUDFNVLQWKH

GHVLUHGSRVLWLRQEHIRUH\RXWXUQRQWKHRYHQ

3UHKHDWWKHRYHQLIWKHUHFLSHFDOOVIRULW

7RSUHKHDWVHWWKHRYHQDWWKHFRUUHFW

WHPSHUDWXUH3UHKHDWLQJLVQHFHVVDU\ZKHQ

FRQYHFWLRQEDNLQJDQGIRUJRRGUHVXOWVZKHQ

EDNLQJFDNHVFRRNLHVSDVWU\DQGEUHDGV)RU

RYHQVZLWKRXWDSUHKHDWLQGLFDWRUOLJKWRUWRQH

SUHKHDWPLQXWHV

%DNLQJUHVXOWVZLOOEHEHWWHULIEDNLQJSDQVDUH

FHQWHUHGLQWKHRYHQDVPXFKDVSRVVLEOH3DQV

VKRXOGQRWWRXFKHDFKRWKHURUWKHZDOOVRIWKH

RYHQ

,I\RXQHHGWRXVHWZRVKHOYHVVWDJHUWKHSDQV

VRRQHLVQRWGLUHFWO\DERYHDQRWKHUOHDYLQJ

DSSUR[LPDWHO\µEHWZHHQSDQVIURPWKH

IURQWEDFNDQGVLGHVRIWKHZDOOV

127('RQRWEDNHRUVWRUHDQ\WKLQJLQHLWKHU

RYHQGXULQJDVHOIFOHDQF\FOH

2YHQ0RLVWXUH

$V\RXURYHQKHDWVXSWKHWHPSHUDWXUHFKDQJH

RIWKHDLULQWKHRYHQPD\FDXVHZDWHUGURSOHWV

WRIRUPRQWKHGRRUJODVV7KHVHGURSOHWV

DUHKDUPOHVVDQGZLOOHYDSRUDWHDVWKHRYHQ

FRQWLQXHVWRKHDWXS

7KHRYHQKDVDVSHFLDOORZUDFN

5SRVLWLRQMXVWDERYHWKHRYHQ

ERWWRP8VHLWZKHQH[WUDFRRNLQJ

VSDFHLVQHHGHGIRUH[DPSOH

ZKHQFRRNLQJDODUJHWXUNH\7KH

UDFNLVQRWGHVLJQHGWRVOLGHRXWDW

WKLVSRVLWLRQ

$OXPLQXP)RLO

'RQRWXVHDOXPLQXPIRLOWROLQHRYHQERWWRPV

7KHIRLOZLOOWUDSKHDWEHORZDQGXSVHWWKH

SHUIRUPDQFHRIWKHRYHQ)RLOFDQPHOW

DQGSHUPDQHQWO\GDPDJHWKHRYHQERWWRP

'DPDJHIURPLPSURSHUXVHRIDOXPLQXPIRLOLV

QRWFRYHUHGE\WKHSURGXFWZDUUDQW\

)RLOPD\EHXVHGWRFDWFKVSLOOVE\SODFLQJD

VKHHWRQDORZHUUDFNVHYHUDOLQFKHVEHORZ

WKHIRRG'RQRWXVHPRUHIRLOWKDQQHFHVVDU\

DQGQHYHUHQWLUHO\FRYHUDQRYHQUDFNZLWK

DOXPLQXPIRLO.HHSIRLODWOHDVWµIURP

RYHQZDOOVWRSUHYHQWSRRUKHDWFLUFXODWLRQ

:KHQEDNLQJRQDVLQJOHUDFNXVH

WKHUDFNSRVLWLRQIURPWKHFKDUWIRU

\RXUW\SHRIIRRG%DNLQJUHVXOWV

ZLOOEHEHWWHULIEDNLQJSDQVDUH

FHQWHUHGLQWKHRYHQDVPXFKDV

SRVVLEOH

:KHQEDNLQJIRXUFDNHOD\HUVDWD

WLPHXVHUDFNV$DQG&3ODFHWKH

ORZHUSDQVDWWKHEDFNRIWKHUDFN

DQGWKHXSSHUSDQVWRWKHIURQWRI

WKHUDFNVKRZQVRWKDWRQHSDQLV

QRWGLUHFWO\DERYHDQRWKHU

8VLQJWKHORZHURYHQ *($SSOLDQFHVFRP



8VLQJWKHXSSHURYHQ

7RXVHWKHXSSHURYHQ

3XVKLQDQGWXUQWKHXSSHURYHQNQREWR

DQ\GHVLUHGVHWWLQJ

$OORZWKHXSSHURYHQWRSUHKHDW



7KHXSSHURYHQVLJQDOOLJKWLVORFDWHGRQWKH

XSSHUOHIWVLGHRIWKHNQREDQGJORZVZKHQWKH

NQRELVLQWKH21SRVLWLRQ,WUHPDLQV21XQWLO

WKHNQRELVPRYHGWRWKH2))SRVLWLRQ

7KH+HDWLQJVLJQDOOLJKWLVORFDWHGRQWKH

XSSHUULJKWVLGHRIWKHNQREDQGJORZVZKHQ

WKHKHDWLQJHOHPHQWVDUHDFWLYH3UHKHDW

LVFRPSOHWHDIWHUWKH+HDWLQJVLJQDOKDV

WXUQHGRIIIRUWKHILUVWWLPHZLWKHDFKXVH

$WRQHZLOO127VRXQGZKHQWKHRYHQLV

ILQLVKHGSUHKHDWLQJ

127(6

7KHORZHURYHQFDQQRWEHXVHGGXULQJD

VHOIFOHDQF\FOHRIWKHXSSHURYHQ

'RQRWSXWIRRGIRLORUFRRNZDUHGLUHFWO\RQ

WKHERWWRPRIWKHXSSHURYHQ

,IIRRGVUHTXLUHDFRYHUXVHRQO\IRLORUOLGV

DEOHWRZLUKVWDQGEDNLQJWHPSHUDWXUHV'R

QRWXVHSODVWLF

)RUEHVWEDNLQJUHVXOWVXVHUDFNSRVLWLRQ%,I

\RXUGLVKLVWRRWDOOSODFHRQUDFNSRVLWLRQ$

)RUEHVWUHVXOWVEDNHFDNHVLQORZHURYHQ

3XVKLQDQGWXUQWKHXSSHURYHQ

NQREWRDQ\GHVLUHGVHWWLQJ



+RZWR6HWWKH8SSHU2YHQIRU%URLOLQJ

3ODFHWKHPHDWRUILVKRQDEURLOHUJULGLQD

EURLOHUSDQ

)ROORZVXJJHVWHGUDFNSRVLWLRQVLQWKH

%URLOLQJ*XLGH

7KHRYHQGRRUPXVW EHFORVHGGXULQJ

EURLOLQJ

3XVKLQDQGWXUQWKHXSSHURYHQNQREWR

EURLOVHWWLQJ

6HUYHWKHIRRGLPPHGLDWHO\DQGOHDYHWKHSDQ

RXWVLGHWKHRYHQWRFRROGXULQJWKHPHDOIRU

HDVLHVWFOHDQLQJ

&ORVHWKHGRRU$OZD\VEURLOZLWK

WKHGRRUFORVHG



7KHXSSHURYHQKDVUDFNSRVLWLRQV

,QJHQHUDOKLJKHUUDFNSRVLWLRQV

\LHOGGDUNHUH[WHUQDOVHDULQJDQG

ORZHUSRVLWLRQV\LHOGPRUHGRQHQHVV

)RUEHVWUHVXOWVWKHEURLOSDQVKRXOG

EHRULHQWHGSDUDOOHOWRWKHEURLOHU

 *($SSOLDQFHVFRP

%URLOLQJ*XLGH

3UHKHDWRYHQIRUPLQXWHV

7KHVL]HZHLJKWWKLFNQHVV

VWDUWLQJWHPSHUDWXUHDQG

\RXUSUHIHUHQFHRIGRQHQHVV

ZLOODIIHFWEURLOLQJWLPHV7KLV

JXLGHLVEDVHGRQPHDWVDW

UHIULJHUDWRUWHPSHUDWXUH

7KH86'HSDUWPHQWRI

$JULFXOWXUHVD\V´5DUHEHHILV

SRSXODUEXW\RXVKRXOGNQRZWKDW

FRRNLQJLWWRRQO\)PHDQV

VRPHIRRGSRLVRQLQJRUJDQLVPV

PD\VXUYLYHµ6RXUFH6DIH)RRG

%RRN<RXU.LWFKHQ*XLGH86'$

5HY-XQH

'XHWRWKHYDULHW\RIPHDWVDQGFXWVDYDLODEOH\RXPD\VHOHFWDOWHUQDWHUDFNSRVLWLRQVEDVHGRQSHUVRQDO

SUHIHUHQFHRIGRQHQHVVDQGH[WHUQDOVHDULQJ6HHLOOXVWUDWLRQIRUGHVFULSWLRQRIUDFNSRVLWLRQV

)RRG 'RQHQHVV 7\SHRU

7KLFNQHVV

5DFN7\SH 5DFN

3RVLWLRQ

&RPPHQWV

%HHI 5DUH

0HGLXP

5DUHÛ

Û)

6WHDNVWKLFN 5ROOHU)ODW $ 6WHDNVOHVVWKDQWKLFNDUH

GLIILFXOWWRFRRNUDUH7KH\PD\

FRRNWKURXJKEHIRUHEURZQLQJ

7RDYRLGFXUOLQJVODVKIDWDW

LQWHUYDOV

)RUEHVWUHVXOWVEURLOQRPRUH

WKDQJURXQGEHHISDWWLHVDW

RQHWLPH

0HGLXP

Û)

6WHDNV

WRWKLFN

5ROOHU)ODW $

:HOO'RQH

Û)

6WHDNV

WRWKLFN

5ROOHU)ODW $

0HGLXP

Û)

*URXQG%HHI

3DWWLHVWR

WKLFN

5ROOHU)ODW $

:HOO'RQH

Û)

*URXQG%HHI

3DWWLHVWR

WKLFN

5ROOHU)ODW $

&KLFNHQ %UHDVW

ERQHOHVV

5ROOHU)ODW $ %URLOVNLQVLGHGRZQILUVW

%UHDVWERQHLQ 5ROOHU)ODW $

)LVK

ILOOHWV

WRWKLFN 5ROOHU)ODW $ +DQGOHDQGWXUQYHU\FDUHIXOO\

3RUN

FKRSV

:HOO'RQH

Û)

WKLFN 5ROOHU)ODW $ 7RDYRLGFXUOLQJVODVKIDWDW

LQWHUYDOV

8VLQJWKHFORFNDQGWLPHU

1RWDOOIHDWXUHVDUHRQDOOPRGHOV

7R6HWWKH&ORFN

7KHFORFNPXVWEHVHWWRWKHFRUUHFWWLPHRI

GD\IRUWKHDXWRPDWLFRYHQWLPLQJIXQFWLRQV

WRZRUNSURSHUO\7KHWLPHRIGD\FDQQRWEH

FKDQJHGGXULQJDWLPHGEDNLQJRUVHOIFOHDQLQJ

F\FOH

7RXFKWKH&ORFN SDG

7RXFKWKHQXPEHUSDGV

7RXFKWKHQXPEHUSDGVWKHVDPHZD\\RX

UHDGWKHP)RUH[DPSOHWRVHWWRXFKWKH

QXPEHUSDGVDQGLQWKDWRUGHU

,IQXPEHUSDGVDUHQRWWRXFKHGZLWKLQRQH

PLQXWHDIWHU\RXWRXFKWKH&ORFN SDGWKH

GLVSOD\UHYHUWVWRWKHRULJLQDOVHWWLQJ,IWKLV

KDSSHQVWRXFKWKH&ORFN SDGDQGUHHQWHUWKH

WLPHRIGD\

7RXFKWKH6WDUW SDGXQWLOWKHWLPHRIGD\

VKRZVLQWKHGLVSOD\7KLVHQWHUVWKHWLPH

DQGVWDUWVWKHFORFN

7RFKHFNWKHWLPHRIGD\ZKHQWKHGLVSOD\

LVVKRZLQJRWKHULQIRUPDWLRQVLPSO\WRXFKWKH

&ORFNSDG7KHWLPHRIGD\VKRZVXQWLODQRWKHU

SDGLVWRXFKHG

7R6HWWKH7LPHU)RUORZHURYHQRQO\

7KHWLPHUGRHVQRWFRQWURORYHQRSHUDWLRQV

7KHPD[LPXPVHWWLQJRQWKHWLPHULVKRXUV

DQGPLQXWHV

7RXFKWKH.LWFKHQ7LPHU2Q2IISDG

7RXFKWKHQXPEHUSDGVXQWLOWKHDPRXQW

RIWLPH\RXZDQWVKRZVLQWKHGLVSOD\7KH

PD[LPXPWLPHWKDWFDQEHHQWHUHGLQ

PLQXWHVLV7LPHVPRUHWKDQ

PLQXWHVVKRXOGEHFKDQJHGWRKRXUVDQG

PLQXWHV)RUH[DPSOHWRHQWHUPLQXWHV

DVKRXUPLQXWHVWRXFKDQGLQ

WKDWRUGHU

,I\RXPDNHDPLVWDNHSUHVVWKH.LWFKHQ7LPHU

2Q2IISDGDQGEHJLQDJDLQ

7RXFKWKH6WDUW SDG$IWHUSUHVVLQJWKH

6WDUWSDG6HW GLVDSSHDUVWKLVWHOOV\RXWKH

WLPHLVFRXQWLQJGRZQDOWKRXJKWKH

GLVSOD\GRHVQRWFKDQJHXQWLORQHPLQXWH

KDVSDVVHG

:KHQWKHWLPHUUHDFKHV WKHFRQWURO

ZLOOEHHSWLPHVIROORZHGE\RQHEHHS

HYHU\VHFRQGVXQWLOWKH.LWFKHQ7LPHU

2Q2IISDGLVWRXFKHG

7KHVHFRQGWRQHFDQEHFDQFHOHGE\

IROORZLQJWKHVWHSVLQWKH6SHFLDOIHDWXUHVRI

\RXURYHQFRQWUROVHFWLRQXQGHU7RQHVDWWKH

(QGRID7LPHG&\FOH

0DNHVXUHWKHFORFNLVVHWWRWKH

FRUUHFWWLPHRIGD\

7KHWLPHULVDPLQXWHWLPHURQO\

7KH&OHDU2IISDGGRHVQRWDIIHFW

WKHWLPHU

3RZHU2XWDJH

,IDIODVKLQJWLPHLVLQWKHGLVSOD\\RXKDYH

H[SHULHQFHGDSRZHUIDLOXUH5HVHWWKHFORFN

7RXFKWKH&ORFN SDGRQFHWRUHVHW(QWHUWKH

FRUUHFWWLPHRIGD\E\WRXFKLQJWKHDSSURSULDWH

QXPEHUSDGV7RXFKWKH6WDUWSDG

7R5HVHWWKH7LPHU

,IWKHGLVSOD\LVVWLOOVKRZLQJWKHWLPHUHPDLQLQJ

\RXPD\FKDQJHLWE\WRXFKLQJWKH.LWFKHQ

7LPHU2Q2II SDGDQGWKHQWRXFKLQJWKH

QXPEHUSDGVXQWLOWKHWLPH\RXZDQWDSSHDUV

LQWKHGLVSOD\

,IWKHUHPDLQLQJWLPHLVQRWLQWKHGLVSOD\FORFN

GHOD\VWDUWRUFRRNLQJWLPHDUHLQWKHGLVSOD\

UHFDOOWKHUHPDLQLQJWLPHE\WRXFKLQJWKH

.LWFKHQ7LPHU2Q2II SDGDQGWKHQWRXFKLQJ

WKHQXPEHUSDGVWRHQWHUWKHQHZWLPH\RX

ZDQW

7R&DQFHOWKH7LPHU

7RXFKWKH.LWFKHQ7LPHU2Q2IISDGWZLFH



8VLQJWKHWLPHGEDNLQJDQGURDVWLQJIHDWXUHVORZHURYHQRQO\ *($SSOLDQFHVFRP

127()RRGVWKDWVSRLOHDVLO\³VXFKDVPLONHJJVILVKVWXIILQJVSRXOWU\DQGSRUN³VKRXOGQRWEHDOORZHGWRVLWIRUPRUH

WKDQKRXUEHIRUHRUDIWHUFRRNLQJ5RRPWHPSHUDWXUHSURPRWHVWKHJURZWKRIKDUPIXOEDFWHULD%HVXUHWKDWWKHRYHQ

OLJKWLVRIIEHFDXVHKHDWIURPWKHEXOEZLOOVSHHGKDUPIXOEDFWHULDJURZWK

+RZWR6HWDQ,PPHGLDWH6WDUWDQG$XWRPDWLF6WRS

7KHXSSHURYHQZLOOWXUQRQLPPHGLDWHO\DQG

FRRNIRUDVHOHFWHGOHQJWKRIWLPH$WWKHHQG

RIWKHFRRNLQJWLPHWKHRYHQZLOOWXUQRII

DXWRPDWLFDOO\

7RXFKWKH%DNHSDG

7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG

RYHQWHPSHUDWXUH

7RXFKWKH&RRNLQJ7LPHSDG

127(,I\RXUUHFLSHUHTXLUHVSUHKHDWLQJ\RX

PD\QHHGWRDGGDGGLWLRQDOWLPHWRWKHOHQJWK

RIWKHFRRNLQJWLPH

7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG

OHQJWKRIFRRNLQJWLPH7KHPLQLPXP

FRRNLQJWLPH\RXFDQVHWLVPLQXWH

7KHRYHQWHPSHUDWXUHWKDW\RXVHWDQG

WKHFRRNLQJWLPHWKDW\RXHQWHUHGZLOOEH

LQWKHGLVSOD\

7RXFKWKH6WDUWSDG

7KHRYHQZLOOWXUQ21DQGWKHGLVSOD\ZLOO

VKRZWKHFRRNLQJWLPHFRXQWGRZQDQGWKH

FKDQJLQJWHPSHUDWXUHVWDUWLQJDW)7KH

WHPSHUDWXUHGLVSOD\ZLOOVWDUWWRFKDQJHRQFH

WKHRYHQWHPSHUDWXUHUHDFKHV):KHQ

WKHRYHQUHDFKHVWKHWHPSHUDWXUH\RXVHW

EHHSVZLOOVRXQG

7KHRYHQZLOOFRQWLQXHWRFRRNIRUWKHVHW

DPRXQWRIWLPHWKHQWXUQRIIDXWRPDWLFDOO\

$IWHUWKHRYHQWXUQVRIIWKHHQGRIF\FOHWRQH

ZLOOVRXQG

7RXFKWKH&OHDU2IISDGWRFOHDUWKH

GLVSOD\LIQHFHVVDU\5HPRYHWKHIRRG

IURPWKHRYHQ5HPHPEHUHYHQWKRXJK

WKHRYHQWXUQVRIIDXWRPDWLFDOO\IRRGOHIW

LQWKHRYHQZLOOFRQWLQXHFRRNLQJDIWHUWKH

RYHQWXUQVRII

+RZWR6HWD'HOD\HG6WDUWDQG$XWRPDWLF6WRS

7KHXSSHURYHQZLOOWXUQRQDWWKHWLPHRIGD\\RX

VHWFRRNIRUDVSHFLILFOHQJWKRIWLPHDQGWKHQWXUQ

RIIDXWRPDWLFDOO\

0DNHVXUHWKHFORFNVKRZVWKHFRUUHFWWLPHRIGD\

7RXFKWKH%DNHSDG

7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHGRYHQ

WHPSHUDWXUH

7RXFKWKH&RRNLQJ7LPH SDG

127(,I\RXUUHFLSHUHTXLUHVSUHKHDWLQJ\RXPD\

QHHGWRDGGDGGLWLRQDOWLPHWRWKHOHQJWKRIWKH

FRRNLQJWLPH

7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG

OHQJWKRIFRRNLQJWLPH7KHPLQLPXPFRRNLQJ

WLPH\RXFDQVHWLVPLQXWH

7KHRYHQWHPSHUDWXUHWKDW\RXVHWDQGWKH

FRRNLQJWLPHWKDW\RXHQWHUHGZLOOEHLQWKH

GLVSOD\

7RXFKWKH'HOD\6WDUW SDG

7RXFKWKHQXPEHUSDGVWRVHWWKHWLPHRIGD\

\RXZDQWWKHRYHQWRWXUQRQDQGVWDUW

FRRNLQJ

7RXFKWKH6WDUWSDG

127($QDWWHQWLRQWRQHZLOOVRXQGLI\RXDUHXVLQJ

WLPHGEDNLQJDQGGRQRWWRXFKWKH6WDUWSDG

127(,I\RXZRXOGOLNHWRFKHFNWKHWLPHV\RXKDYH

VHWWRXFKWKH'HOD\6WDUWSDGWRFKHFNWKHVWDUW

WLPH\RXKDYHVHWRUWRXFKWKH&RRNLQJ7LPH SDGWR

FKHFNWKHOHQJWKRIFRRNLQJWLPH\RXKDYHVHW

:KHQWKHRYHQWXUQV21DWWKHWLPHRIGD\\RXVHW

WKHGLVSOD\ZLOOVKRZWKHFRRNLQJWLPHFRXQWGRZQ

DQGWKHFKDQJLQJWHPSHUDWXUHVWDUWLQJDW)

7KHWHPSHUDWXUHGLVSOD\ZLOOVWDUWWRFKDQJHRQFH

WKHRYHQWHPSHUDWXUHUHDFKHV):KHQWKH

RYHQUHDFKHVWKHWHPSHUDWXUH\RXVHWEHHSVZLOO

VRXQG

7KHRYHQZLOOFRQWLQXHWRFRRNIRUWKHVHWDPRXQWRI

WLPHWKHQWXUQRIIDXWRPDWLFDOO\

$IWHUWKHRYHQWXUQVRIIWKHHQGRIF\FOHWRQHZLOO

VRXQG

7RXFKWKH&OHDU2IISDGWRFOHDUWKHGLVSOD\LI

QHFHVVDU\5HPRYHWKHIRRGIURPWKHRYHQ

5HPHPEHUHYHQWKRXJKWKHRYHQWXUQVRII

DXWRPDWLFDOO\IRRGOHIWLQWKHRYHQZLOO

FRQWLQXHFRRNLQJDIWHUWKHRYHQWXUQVRII



8VLQJWKHSUREHORZHURYHQRQO\

$IWHUSUHSDULQJWKHPHDWDQGSODFLQJLWRQ

DWULYHWRURQDEURLOHUSDQJULGIROORZWKHVH

GLUHFWLRQVIRUSURSHUSUREHSODFHPHQW

,QVHUWWKHSUREHFRPSOHWHO\LQWRWKHPHDW

,WVKRXOGQRWWRXFKWKHERQHIDWRUJULVWOH

)RUURDVWVZLWKQRERQHLQVHUWWKHSUREHLQWR

WKHPHDWLHVWSDUWRIWKHURDVW)RUERQHLQKDP

RUODPELQVHUWWKHSUREHLQWRWKHFHQWHURIWKH

ORZHVWODUJHPXVFOH

,QVHUWWKHSUREHLQWRWKHFHQWHURIGLVKHVVXFK

DVPHDWORDIRUFDVVHUROHV

,QVHUWWKHSUREHLQWRWKHPHDWLHVWSDUWRIWKH

LQQHUWKLJKIURPEHORZDQGSDUDOOHOWRWKHOHJRI

DZKROHWXUNH\

+RZWR6HWWKH/RZHU2YHQ)RU&RRNLQJ:KHQ8VLQJWKH3UREH

,QVHUWWKHSUREHLQWRWKHIRRG

3OXJWKHSUREHLQWRWKHRXWOHWLQWKHRYHQ

0DNHVXUHLW·VSXVKHGDOOWKHZD\LQ&ORVH

WKHRYHQGRRU

7RXFKWKH3UREH SDG

7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG

LQWHUQDOIRRGRUPHDWWHPSHUDWXUH

EHWZHHQ)DQG)

7RXFKWKH%DNHSDG

7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG

RYHQWHPSHUDWXUH

7RXFKWKH6WDUW SDG

7KHGLVSOD\ZLOOIODVKLIWKHSUREHLVLQVHUWHG

LQWRWKHRXWOHWDQG\RXKDYHQRWVHWDSUREH

WHPSHUDWXUHDQGWRXFKHGWKH6WDUWSDG

7KHGLVSOD\ZLOOVKRZ/2XQWLOWKHLQWHUQDO

WHPSHUDWXUHRIWKHIRRGUHDFKHV)WKHQ

WKHFKDQJLQJLQWHUQDOWHPSHUDWXUHZLOOEH

VKRZQ

:KHQWKHLQWHUQDOWHPSHUDWXUHRIWKHIRRG

UHDFKHVWKHQXPEHU\RXKDYHVHWWKH

SUREHDQGWKHRYHQWXUQRIIDQGWKHRYHQ

FRQWUROVLJQDOV7RVWRSWKHVLJQDOWRXFK

WKH&OHDU2IISDG8VHKRWSDGVWRUHPRYH

WKHSUREHIURPWKHIRRG'RQRWXVHWRQJV

WRSXOORQLW³WKH\PLJKWGDPDJHLW

7RFKDQJHWKHRYHQWHPSHUDWXUHGXULQJ

SUREHFRRNLQJWRXFKWKH%DNHSDGDQGWKHQ

WKHQXPEHUSDGVWRVHWWKHQHZWHPSHUDWXUH

■,IWKHSUREHLVUHPRYHGIURPWKHIRRGEHIRUH

WKH

ILQDOWHPSHUDWXUHLVUHDFKHGDWRQHZLOO

VRXQGDQGWKHGLVSOD\ZLOOIODVKXQWLOWKH

SUREHLVUHPRYHGIURPWKHRYHQ

■<RXFDQXVHWKHWLPHUHYHQWKRXJK\RX

FDQQRWXVHWLPHGRYHQRSHUDWLRQVZKLOH

XVLQJWKHSUREH





&$87,217RSUHYHQWEXUQVGRQRWXQSOXJWKHSUREHIURPWKHRYHQRXWOHWXQWLOWKHRYHQKDVFRROHG'RQRW

VWRUHWKHSUREHLQWKHRYHQ

,I\RXUPRGHOKDVDGRRUODWFKGRQRWORFNWKHRYHQGRRUZLWKWKHODWFKZKLOHFRRNLQJZLWKWKHSUREH7KHODWFKLVXVHG

IRUVHOIFOHDQLQJRQO\

)RUPDQ\IRRGVHVSHFLDOO\URDVWVDQGSRXOWU\LQWHUQDOIRRGWHPSHUDWXUHLVWKHEHVWWHVWIRUGRQHQHVV7KHWHPSHUDWXUH

SUREHWDNHVWKHJXHVVZRUNRXWRIFRRNLQJIRRGVWRWKHH[DFWGRQHQHVV\RXZDQW

8VHRISUREHVRWKHUWKDQWKHRQHSURYLGHGZLWK

WKLVSURGXFWPD\UHVXOWLQGDPDJHWRWKHSUREH

8VHWKHKDQGOHVRIWKHSUREHDQGSOXJZKHQ

LQVHUWLQJDQGUHPRYLQJWKHPIURPWKHIRRGDQG

RXWOHW



7RDYRLGGDPDJLQJ\RXUSUREHGRQRWXVH

WRQJVWRSXOORQWKHFDEOHZKHQUHPRYLQJLW

 7RDYRLGEUHDNLQJWKHSUREHPDNHVXUHIRRG

LVFRPSOHWHO\GHIURVWHGEHIRUHLQVHUWLQJ

 7RSUHYHQWSRVVLEOHEXUQVGRQRWXQSOXJWKH

SUREHIURPWKHRXWOHWXQWLOWKHRYHQKDVFRROHG

 1HYHUOHDYH\RXUSUREHLQVLGHWKHRYHQ

GXULQJDVHOIFOHDQLQJF\FOH

 'RQRWVWRUHWKHSUREHLQWKHRYHQ

7KHWHPSHUDWXUHSUREHKDVD

VNHZHUOLNHSUREHDWRQHHQGDQG

DSOXJDWWKHRWKHUHQGWKDWJRHV

LQWRWKHRXWOHWLQWKHRYHQ

&DEOH

+DQGOHV

8VLQJWKHFRQYHFWLRQORZHURYHQRQVRPHPRGHOV *($SSOLDQFHVFRP

7KHFRQYHFWLRQRYHQIDQVKXWVRIIZKHQWKHRYHQGRRULVRSHQHG'2127OHDYHWKHGRRURSHQIRUORQJSHULRGVRIWLPH

ZKLOHXVLQJFRQYHFWLRQFRRNLQJ

7RKHOS\RXXQGHUVWDQGWKHGLIIHUHQFHEHWZHHQ

FRQYHFWLRQEDNHDQGURDVWDQGWUDGLWLRQDOEDNH

DQGURDVWKHUHDUHVRPHJHQHUDOJXLGHOLQHV

&RQYHFWLRQ%DNH

■3UHKHDWWKHRYHQ6HHWKH8VLQJWKHRYHQ²

3UHKHDWLQJDQG3DQ3ODFHPHQWVHFWLRQ

■,GHDOIRUIRRGVFRRNHGRQPXOWLSOHUDFNV

■*RRGIRUODUJHTXDQWLWLHVRIEDNHGIRRGV

■*RRGUHVXOWVZLWKFRRNLHVELVFXLWVEURZQLHV

FXSFDNHVFUHDPSXIIVVZHHWUROOVDQJHO

IRRGFDNHDQGEUHDG

7KHFRQYHFWLRQIDQFLUFXODWHVWKHKHDWHG

DLUHYHQO\RYHUDQGDURXQGWKHIRRG

&RQYHFWLRQ5RDVW

■*RRGIRUODUJHWHQGHUFXWVRIPHDW

XQFRYHUHG

7KHFRQYHFWLRQIDQFLUFXODWHVWKHKHDWHGDLU

HYHQO\RYHUDQGDURXQGWKHIRRG0HDWDQG

SRXOWU\DUHEURZQHGRQDOOVLGHVDVLIWKH\

ZHUHFRRNHGRQDURWLVVHULH+HDWHGDLUZLOOEH

FLUFXODWHGRYHUXQGHUDQGDURXQGWKHIRRG

EHLQJURDVWHG7KHKHDWHGDLUVHDOVLQMXLFHV

TXLFNO\IRUDPRLVWDQGWHQGHUSURGXFWZKLOH

DWWKHVDPHWLPHFUHDWLQJDULFKJROGHQEURZQ

H[WHULRU

5RDVWVRUSRXOWU\VKRXOGEHFRRNHGRQUDFN

SRVLWLRQ$

:KHQ\RXDUHFRQYHFWLRQURDVWLQJLWLV

LPSRUWDQWWKDW\RXXVHDEURLOHUSDQDQGJULG

IRUEHVWFRQYHFWLRQURDVWLQJUHVXOWV7KHSDQLV

XVHGWRFDWFKJUHDVHVSLOOVDQGWKHJULGLVXVHG

WRSUHYHQWJUHDVHVSDWWHUV

■3ODFHWKHUDFNLQUDFNSRVLWLRQ$

,QDFRQYHFWLRQRYHQDIDQ

FLUFXODWHVKRWDLURYHUXQGHUDQG

DURXQGWKHIRRG7KLVFLUFXODWLQJ

KRWDLULVHYHQO\GLVWULEXWHG

WKURXJKRXWWKHRYHQFDYLW\$VD

UHVXOWIRRGVDUHHYHQO\FRRNHG

DQGEURZQHG³RIWHQLQOHVVWLPH

WKDQZLWKUHJXODUKHDW

$XWR5HFLSH



&RQYHUVLRQ

<RXFDQXVH\RXUIDYRULWHUHFLSHVLQWKH

FRQYHFWLRQRYHQ

:KHQXVLQJ&RQYHFWLRQ%DNHWKHRYHQZLOO

DXWRPDWLFDOO\FRQYHUWWKHRYHQWHPSHUDWXUH

IURPUHJXODUEDNLQJWR&RQYHFWLRQ%DNH

WHPSHUDWXUHV

8VLQJWKHQXPEHUSDGVHQWHUWKH

WHPSHUDWXUHUHFRPPHQGHGLQWKHUHFLSH

7RXFKWKH6WDUW SDG

7KHGLVSOD\ZLOOVKRZWKHWHPSHUDWXUH

\RXHQWHUHGIURP\RXUUHFLSH7KH

RYHQZLOODXWRPDWLFDOO\FRQYHUWLWWRWKH

FRQYHFWLRQFRRNLQJWHPSHUDWXUH

7RXFKWKH&OHDU2II SDGZKHQEDNLQJLV

ILQLVKHG

■ 8VHSDQVL]HUHFRPPHQGHGLQWKHUHFLSH

■ 6RPHSDFNDJHLQVWUXFWLRQVIRUIUR]HQ

FDVVHUROHVPDLQGLVKHVRUEDNHGJRRGV

KDYHEHHQGHYHORSHGXVLQJFRPPHUFLDO

FRQYHFWLRQRYHQV)RUEHVWUHVXOWVLQ

WKLVRYHQSUHKHDWWKHRYHQDQGXVHWKH

WHPSHUDWXUHIRUUHJXODUEDNLQJRQWKH

SDFNDJH

7RGHDFWLYDWHWKHIHDWXUH

7RXFKWKHORZHURYHQ:DUPDQG%DNH

SDGDWWKHVDPHWLPHXQWLOWKHGLVSOD\

VKRZV6)

7RXFKWKH&RQYHFWLRQ%DNHSDG7KH

GLVSOD\ZLOOVKRZ&RQ2Q7RXFKWKH

&RQYHFWLRQ%DNHSDGDJDLQ7KHGLVSOD\

ZLOOVKRZ&RQ2II

7RXFKWKH6WDUWSDG



8VLQJWKHFRQYHFWLRQORZHURYHQRQVRPHPRGHOV

&RRNZDUHIRU&RQYHFWLRQ&RRNLQJ

%HIRUHXVLQJ\RXUFRQYHFWLRQRYHQFKHFN

WRVHHLI\RXUFRRNZDUHOHDYHVURRPIRUDLU

FLUFXODWLRQLQWKHRYHQ,I\RXDUHEDNLQJZLWK

VHYHUDOSDQVOHDYHVSDFHEHWZHHQWKHP$OVR

EHVXUHWKHSDQVGRQRWWRXFKHDFKRWKHURUWKH

ZDOOVRIWKHRYHQ

3DSHUDQG3ODVWLF

+HDWUHVLVWDQWSDSHUDQGSODVWLFFRQWDLQHUVWKDW

DUHUHFRPPHQGHGIRUXVHLQUHJXODURYHQVFDQ

EHXVHGLQFRQYHFWLRQRYHQV3ODVWLFFRRNZDUH

WKDWLVKHDWUHVLVWDQWWRWHPSHUDWXUHVRI)

FDQDOVREHXVHGZKHQRYHQLVEHORZ)

0HWDODQG*ODVV

$Q\W\SHRIFRRNZDUHZLOOZRUNLQ\RXU

FRQYHFWLRQRYHQ+RZHYHUPHWDOSDQVKHDWWKH

IDVWHVWDQGDUHUHFRPPHQGHGIRUFRQYHFWLRQ

EDNLQJ

■'DUNHQHGRUPDWWHILQLVKHGSDQVZLOOEDNH

IDVWHUWKDQVKLQ\SDQV

■*ODVVRUFHUDPLFSDQVFRRNPRUHVORZO\

:KHQEDNLQJFRRNLHV\RXZLOOJHWWKHEHVW

UHVXOWVLI\RXXVHDIODWFRRNLHVKHHWLQVWHDGRID

SDQZLWKORZVLGHV

)RUUHFLSHVOLNHRYHQEDNHGFKLFNHQXVHDSDQ

ZLWKORZVLGHV+RWDLUFDQQRWFLUFXODWHZHOO

DURXQGIRRGLQDSDQZLWKKLJKVLGHV

+RZWR6HWWKH/RZHU2YHQIRU&RQYHFWLRQ%DNLQJRU5RDVWLQJ

7RXFKWKH&RQYHFWLRQ%DNHRU&RQYHFWLRQ

5RDVWSDG

7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG

RYHQWHPSHUDWXUH

7RXFKWKH6WDUWSDG

7RFKDQJHWKHRYHQWHPSHUDWXUHWRXFKWKH

&RQYHFWLRQ%DNHRU&RQYHFWLRQ5RDVWSDG

DQGWKHQWKHQXPEHUSDGVWRVHWWKHQHZ

WHPSHUDWXUH

:KHQWKHRYHQVWDUWVWRKHDWWKHFKDQJLQJ

WHPSHUDWXUHVWDUWLQJDW)ZLOOEHGLVSOD\HG

:KHQWKHRYHQUHDFKHVWKHWHPSHUDWXUH\RX

VHWEHHSVZLOOVRXQG

7RXFKWKH&OHDU2IISDGZKHQILQLVKHG

127(<RXZLOOKHDUDIDQZKLOHFRRNLQJZLWK

FRQYHFWLRQ7KHIDQZLOOVWRSZKHQWKHGRRULV

RSHQHGEXWWKHKHDWZLOOQRWWXUQRII

7KHIDQZLOOQRWVWDUWXQWLOWKHSUHKHDW

WHPSHUDWXUHLVUHDFKHG





+RZWR6HWWKH/RZHU2YHQIRU&RQYHFWLRQ5RDVWLQJ:KHQ8VLQJWKH3UREH

RQVRPHPRGHOV

7KHGLVSOD\ZLOOIODVK352%(DQGWKHRYHQ

FRQWUROZLOOVLJQDOLIWKHSUREHLVLQVHUWHGLQWR

WKHRXWOHWDQG\RXKDYHQRWVHWDSUREH

WHPSHUDWXUHDQGWRXFKHGWKH6WDUWSDG

3ODFHWKHUDFNLQWKHUDFNSRVLWLRQ$

,QVHUWWKHSUREHFRPSOHWHO\LQWRWKHIRRG

  3 O X J  W K H  S U R E H  LQWRWKHRXWOHWLQWKHRYHQ

0DNHVXUHLWLVSXVKHGDOOWKHZD\LQ&ORVH

WKHRYHQGRRU

7RXFKWKH&RQYHFWLRQ5RDVW SDG

7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG

RYHQWHPSHUDWXUH

7RXFKWKH3UREH SDG

7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG

LQWHUQDOIRRGWHPSHUDWXUH

7RFKDQJHWKHRYHQWHPSHUDWXUHGXULQJWKH

&RQYHFWLRQ5RDVWF\FOHWRXFKWKH&RQYHFWLRQ

5RDVWSDGDQGWKHQWRXFKWKHQXPEHUSDGVWR

VHWWKHQHZGHVLUHGWHPSHUDWXUH

7RXFKWKH6WDUWSDG

:KHQWKHRYHQVWDUWVWRKHDWWKHZRUG/2ZLOO

EHLQWKHGLVSOD\

$IWHUWKHLQWHUQDOWHPSHUDWXUHRIWKHIRRG

UHDFKHV)WKHFKDQJLQJLQWHUQDO

WHPSHUDWXUHZLOOEHVKRZQLQWKHGLVSOD\

  : K H Q  W K H  L Q W H U Q D O  W H P S H U DWXUHRIWKH

IRRGUHDFKHVWKHQXPEHU\RXKDYHVHW

WKHSUREHDQGWKHRYHQWXUQRIIDQGWKH

RYHQFRQWUROVLJQDOV7RVWRSWKHVLJQDO

WRXFKWKH&OHDU2II SDG8VHKRWSDGVWR

UHPRYHWKHSUREHIURPWKHIRRG'RQRW

XVHWRQJVWRSXOORQLW³WKH\PLJKW

GDPDJHLW

 &$87,21



7RSUHYHQWEXUQVGR

QRWXQSOXJWKHSUREHIURPWKHRYHQRXWOHW

XQWLOWKHRYHQKDVFRROHG'RQRWVWRUHWKH

SUREHLQWKHRYHQ

127(

■,IWKHSUREHLVUHPRYHGIURPWKHIRRGEHIRUH

WKHILQDOWHPSHUDWXUHLVUHDFKHGDWRQHZLOO

VRXQGDQGWKHGLVSOD\ZLOOIODVKXQWLOWKH

SUREHLVUHPRYHGIURPWKHRYHQ

■<RXZLOOKHDUDIDQZKLOHFRRNLQJZLWKWKLV

IHDWXUH7KHIDQZLOOVWRSZKHQWKHGRRULV

RSHQHGEXWWKHKHDWZLOOQRWWXUQRII

■<RXFDQXVHWKHWLPHUHYHQWKRXJK\RX

FDQQRWXVHWLPHGRYHQRSHUDWLRQVZKLOH

XVLQJWKHSUREH

)RUEHVWUHVXOWVZKHQURDVWLQJ

ODUJHWXUNH\VDQGURDVWVZH

UHFRPPHQGXVLQJWKHSUREH

LQFOXGHGLQWKHFRQYHFWLRQRYHQ

 *($SSOLDQFHVFRP

8VLQJWKHFRQYHFWLRQORZHURYHQRQVRPHPRGHOV



<RXZLOOKHDUDIDQZKLOHFRRNLQJZLWKWKLVIHDWXUH7KHIDQZLOOVWRSZKHQWKHGRRULVRSHQHGEXWWKHKHDWZLOOQRWWXUQRII

127()RRGVWKDWVSRLOHDVLO\³VXFKDVPLONHJJVILVKVWXIILQJVSRXOWU\DQGSRUN³VKRXOGQRWEHDOORZHGWRVLWIRUPRUH

WKDQKRXUEHIRUHRUDIWHUFRRNLQJ5RRPWHPSHUDWXUHSURPRWHVWKHJURZWKRIKDUPIXOEDFWHULD%HVXUHWKDWWKHRYHQ

OLJKWLVRIIEHFDXVHKHDWIURPWKHEXOEZLOOVSHHGKDUPIXOEDFWHULDJURZWK

+RZWR6HWDQ,PPHGLDWH6WDUWDQG$XWRPDWLF6WRS

7KHORZHURYHQZLOOWXUQRQLPPHGLDWHO\DQGFRRN

IRUDVHOHFWHGOHQJWKRIWLPH$WWKHHQGRIWKH

FRRNLQJWLPHWKHRYHQZLOOWXUQRIIDXWRPDWLFDOO\

7RXFKWKH&RQYHFWLRQ%DNH SDG

7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHGRYHQ

WHPSHUDWXUH

7RXFKWKH&RRNLQJ7LPH SDG

127(,I\RXUUHFLSHUHTXLUHVSUHKHDWLQJ\RXPD\

QHHGWRDGGDGGLWLRQDOWLPHWRWKHOHQJWKRIWKH

FRRNLQJWLPH

7RXFKWKHQXPEHUSDGVWRVHWWKHGHVLUHG

OHQJWKRIFRRNLQJWLPH7KHPLQLPXPFRRNLQJ

WLPH\RXFDQVHWLVPLQXWH

7KHRYHQWHPSHUDWXUHWKDW\RXVHWDQGWKH

FRRNLQJWLPHWKDW\RXHQWHUHGZLOOEHLQWKH

GLVSOD\

7RXFKWKH6WDUW SDG

7KHRYHQZLOOWXUQ21DQGWKHGLVSOD\ZLOOVKRZ

WKHFRRNLQJWLPHFRXQWGRZQDQGWKHFKDQJLQJ

WHPSHUDWXUHVWDUWLQJDW)7KHWHPSHUDWXUH

GLVSOD\ZLOOVWDUWWRFKDQJHRQFHWKHRYHQWHPSHUDWXUH

UHDFKHV):KHQWKHRYHQUHDFKHVWKH

WHPSHUDWXUH\RXVHWEHHSVZLOOVRXQG

7KHRYHQZLOOFRQWLQXHWRFRRNIRUWKHVHWDPRXQW

RIWLPHWKHQWXUQRIIDXWRPDWLFDOO\XQOHVVWKH&RRN

DQG+ROGIHDWXUHZDVVHW6HHWKH6SHFLDOIHDWXUHVRI

\RXURYHQFRQWUROVHFWLRQ

$IWHUWKHRYHQWXUQVRIIWKHHQGRIF\FOHWRQHZLOO

VRXQG

7RXFKWKH&OHDU2IISDGWRFOHDUWKHGLVSOD\LI

QHFHVVDU\5HPRYHWKHIRRGIURPWKHRYHQ

5HPHPEHUHYHQWKRXJKWKHRYHQWXUQVRII

DXWRPDWLFDOO\IRRGOHIWLQWKHRYHQZLOO

FRQWLQXHFRRNLQJDIWHUWKHRYHQWXUQVRII

8VLQJWKHORZHURYHQWLPHGFRQYHFWLRQEDNLQJIHDWXUHVRQVRPHPRGHOV

6WXIIHGELUGVJHQHUDOO\UHTXLUHPLQXWHVDGGLWLRQDOURDVWLQJWLPH6KLHOGOHJVDQGEUHDVWZLWKIRLOWRSUHYHQW

RYHUEURZQLQJDQGGU\LQJRIVNLQ

&RQYHFWLRQ5RDVWLQJ*XLGH6XJJHVWHG6HWWLQJV

0HDWV

2YHQ

7HPS

,QWHUQDO

7HPS

%HHI 5LE5RDVWOEV

%RQHLQDQG%RQHOHVV

5DUH Û) Û)

0HGLXP Û) Û)

%HHI7HQGHUORLQOEV 5DUH Û) Û)

%HHI7HQGHUORLQOEV 5DUH Û) Û)

3RUN %RQH,Q%RQHOHVVOEV Û) Û)

/DPE %RQH,QOEV 0HGLXP Û) Û)

%RQHOHVVOEV 0HGLXP Û) Û)

3RXOWU\ :KROH&KLFNHQOEV Û) Û)

7XUNH\:KROH

8QVWXIIHGWROEV

8QVWXIIHGWROEV



Û)

Û)



Û)

Û)

7XUNH\%UHDVWWROEV Û) Û)

GE PGB995SETSS, Oven User manual

Related papers

Other documents