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 &KLOL TXDUWV & 0HDWV +,²KUV 6XEPHUJHEHDQV

     /2²KUV WRSUHYHQWVXUIDFHGU\LQJ

6ORZ&RRN*XLGH

*XLGHOLQH7LSV

7KH VORZ FRRN SURJUDP XVHV D FRPSOH[ VHULHV RI

WHPSHUDWXUH F\FOLQJ WR REWDLQ WKH EHVW UHVXOWV )RU WKLV

UHDVRQLWLVUHFRPPHQGHGWKDWWKHVORZFRRNSURJUDPEH

DOORZHGWRUXQZLWKRXWFDQFHOOLQJRUUHVWDUWLQJ5HVWDUWLQJ

WKHVORZFRRNIHDWXUHZKLOHLWLVLQSURJUHVVPD\UHVXOWLQ

RYHUFRRNHGPHDW

)RU MXLF\ DQG WHQGHU PHDW FKRRVH FXWV RI PHDW VXFK

DV FKXFN URDVW RU D ERQHOHVV EODGH URDVW /HDQHU FXWV

RI PHDW VXFK DV WRS URXQG DUH GULHU DQG PD\ QHHG

DGGLWLRQDOOLTXLG

8VHRQO\JODVVDQGFHUDPLFGLVKHV0HWDOSRWVDQGSDQV

WHQGWRWUDQVIHUWKHKHDWLQWRWKHIRRGVWRRTXLFNO\

0DWFK WKH TXDQWLW\ RIIRRGWRWKHVL]HSDQ)LOO WKH SDQ

DERXWIXOOIRUEHVWUHVXOWV7RRODUJHDSRWDOORZVWKH

VWHDPWRHVFDSHFDXVLQJIRRGVWRGU\RXW

$OZD\VFRYHUWKHSRWZLWKDOLGRUDOXPLQXPIRLO

$ ZLGH UDQJHRIUHFLSHVPD\EHXVHGLQ WKH VORZFRRN

IHDWXUH )RU EHVW UHVXOWV VRPH DGMXVWPHQWV PD\ QHHG

WR EH PDGH )RU VPDOOHU VL]HG UHFLSHV EHJLQ FKHFNLQJ

DW PLQLPXP WLPH )RU ODUJH UHFLSHV RU ZKHQ GRXEOLQJ

UHFLSHVIRRGVPD\EHFRRNHGIRUORQJHUSHULRGVRIWLPH

:KHQ WKH VORZ FRRN IHDWXUH FRPSOHWHV WKH RYHQ ZLOO

DXWRPDWLFDOO\VZLWFKWR´ZDUPµPRGH,IDGGLWLRQDOVORZ

FRRN WLPH LV GHVLUHG WKLV ZDUP PRGH PD\ EH XVHG WR

REWDLQWKHH[WUDWLPH

)22'32,621+$=$5'%DFWHULDPD\JURZLQIRRGDWWHPSHUDWXUHVEHORZ)

  $OZD\VVWDUWZLWKKRWIRRG'RQRWXVHZDUPVHWWLQJVWRKHDWFROGIRRG

  'RQRWZDUPIRRGIRUPRUHWKDQKRXUV

)DLOXUHWRIROORZWKHVHLQVWUXFWLRQVPD\UHVXOWLQIRRGERUQHLOOQHVV

:$51,1*

+RZWR6HWWKH2YHQ)RU:DUPLQJ

7KH:$50IHDWXUHNHHSVFRRNHGIRRGVKRW

7KLVIHDWXUHLVQRWGHVLJQHGWRUHKHDWFROGIRRG

7RXVHWKH:$50IHDWXUHWRXFKWKH:$50

SDGDQGWKHQWKH67$57SDG

7RXVHWKH:$50IHDWXUHDIWHU7LPHG%DNLQJ

IROORZWKHVHVWHSV

7RXFKWKHEDNHPRGHRIFRRNLQJ

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

WHPSHUDWXUH

7RXFKWKH&22.7,0(SDG

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

OHQJWKRIFRRNLQJWLPH

7RXFKWKH:$50SDG

7RXFKWKH67$57SDG

127(3ODVWLFFRQWDLQHUVOLGVRUSODVWLFZUDSZLOO

PHOWLISODFHGLQWKHRYHQ0HOWHGSODVWLFPD\

QRWEHUHPRYDEOHDQGLVQRWFRYHUHGXQGHU\RXU

ZDUUDQW\



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