Κίνημα ΥΠΕΡΒΑΣΗ : ΕΚΘΕΣΗ BLACKROCK ΓΙΑ ΤΙΣ ΕΛΛΗΝΙΚΕΣ...

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Zrkdflt Burb

Bssft Rubcaty Pfvafw bmh Lrfhat Ckss Zrkdfltakm

Eftokhkckny

Zrfpbrfh ikr tof @bmg ki Nrfflf

6 Ebrlo 0:28

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0 @BMG KI NPFFLF B\\FX RVBCAXQ PFYAF^ BMH LPFHAX CK\\ ZPKDFLX AKM EFXOKHKCKNQ

Haslcbaefr

Xoas ebtfrabc wbs prfpbrfh skcfcy ikr tof fxlcusavf usf ki tof @bmg ki Nrfflf pursubmt tk bmh su`dflt tk toftfres ki tof Bhvaskry \frvalfs Bnrffefmt, hbtfh bs ki 2> Ducy 0:2

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< | @BMG KI NPFFLF B\\FX RVBCAXQ PFYAF^ BMH LPFHAX CK\\ ZPKDFLX AKM EFXOKHKCKNQ

Xb`cf ki Lkmtfmts

B``rfvabtakms bmh Gfy Xfres 6

Fxflutavf \ueebry >2.2. Kvfrvafw >

2.0. \lkpf ki Habnmkstal Bssfssefmt 222.

Pfsahfmtabc Ekrtnbnf Ckbms 2?

0.2. \lkpf ki Bssft Rubcaty Pfvafw 2?0.0. Zkrtikcak \trbtaialbtakms bmh Pasg Bmbcysas 21

0.

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8 | @BMG KI NPFFLF B\\FX RVBCAXQ PFYAF^ BMH LPFHAX CK\\ ZPKDFLX AKM EFXOKHKCKNQ

6.

6.8.2 Fxpksurf bt Hfibuct 2:16.8.0 Zrk`b`acaty ki Hfibuct Bmbcysas 222

6.8.

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B``rfvabtakms bmh Gfy Xfres

B``rfvabtakms

BRP Bssft Rubcaty Pfvafw

@M @accakm@kN @bmg ki Nrfflf@kZ @fnammamn ki ZfrakhLOI \wass Irbml

LCZ Lrfhat Ckss ZrkdfltakmsLPF Lkeefrlabc Pfbc FstbtfL\Z Lrfhat \uppkrt ZrknrbeL^ Lusoebm & ^bgfiafchHZH Hbys Zbst Huf

H\LP Hf`t \frvalf Lkvfrbnf PbtakHXA Hf`t tk Amlkef

FBH Fxpksurf bt HfibuctF@B Furkpfbm @bmgamn ButokratyFL Furkpfbm Lkeeassakm

FL@ Furkpfbm Lfmtrbc @bmgFkZ Fmh ki ZfrakhFV Furkpfbm VmakmFVP Furk

FQ Frmst & QkumnIC@ Ikrfanm Ckbm @kkgNHZ Nrkss Hkefstal ZrkhultNN@ Nrffg Nkvfrmefmt @kmhOI\I Ofccfmal Iambmlabc \tb`acaty Iumh

OZA Okef Zralf AmhfxALP Amtfrfst Lkvfrbnf PbtakAEI Amtfrmbtakmbc Ekmftbry IumhAX Amikrebtakm Xflomkckny

G Xokusbmh

GZA Gfy Zfrikrebmlf AmhalbtkrsGQL Gmkw Qkur LustkefrCIP Ckbm Iacf PfvafwCNH Ckss Navfm Hfibuct

CMN Caqufiafh Mbturbc NbsCZN Caqufiafh Zftrkcfue NbsCXY Ckbm tk YbcufEA\ Ebmbnfefmt Amikrebtakm \ystfeEE Eaccakm

EkV Efekrbmhue ki VmhfrstbmhamnEPB Ekkhys Pasg Bhvaskr

MBA MBA OfccbsMHA Mkm-hflcbrfh amlkefMLI Mft Lbso Ickw

MKA Mft Kpfrbtamn AmlkefMZC Mkm Zfrikreamn CkbmMZY Mft Zrfsfmt YbcufZH Zrk`b acaty ki Hfibuct

ZXA Zbyefmt tk AmlkefPIA Pfqufst ikr AmikrebtakmPE Pfcbtakmsoap Ebmbnfr\@Z \ebcc @usamfss bmh Zrkifssakmbc\ZY \pflabc Zurpksf Yfoalcf

\EF \ebcc bmh Efhaue FmtfrprasfsXBP Xrku`cfh Bssft PfvafwXEE Xrbmsatakm Ebtrax EkhfcYBX Ybcuf Bhhfh Xbx^B ^fanotfh Bvfrbnf

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Hfiamatakm ki Gfy Xfres

Hfmkumlfhpfrikrebmlf stbtus ki b ckbm tobt typalbccy obs `ffm ekrf tobm

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> | @BMG KI NPFFLF B\\FX RVBCAXQ PFYAF^ BMH LPFHAX CK\\ ZPKDFLX AKM EFXOKHKCKNQ

Fxflutavf \ueebry

Xoas rfpkrt hbtfh 6 E brlo 0:28 as bm b`rahn fh vfrsakm ki tof iuc c rfpkrt su`e attfh tk tof @bmg ki Nrfflf

km

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? | @BMG KI NPFFLF B\\FX RVBCAXQ PFYAF^ BMH LPFHAX CK\\ ZPKDFLX AKM EFXOKHKCKNQ

B. Bssft Rubcaty Pfvafw (BRP)Bssfssefmt ki tof lrfhat qubcaty ki ckbms bs wfcc bs tof lurrfmtpkrtikcak ebmbnfefmt prbltasfs ki fblo @bmg. Xof bssfssefmt wbs bsfh km b lkeprfofmsavf prkdflt

irbefwkrg amlcuhamn (a) camf-cfvfc pkrtikcak hbtb bmbcytals bmh qubcatbtavf hbtb huf hacanfmlf, (aa)

qubcatbtavf iamhamns irke ebmbnfefmt huf hacanfmlf, (aaa) rasg-`bsfh ckbm iacf rfvafws (CIP) km b

sbepcf ki ckbms blrkss bcc bssft lcbssfs, bmh (av) sbepcf-`bsfh vbcubtakms ki prkpfrtafs lkccbtfrbcasamn

ckbm fxpksurfs.

@. Lrfhat Ckss Zrkdfltakms (LCZ) Fstaebtf ki ikrwbrh-ckkgamn

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L. Xrku`cfh Bssft Pfvafw (XBP)Bssfssefmt ki tof kpfrbtakmbc prfpbrfhmfss bmh fiifltavfmfss kitof Nrkup B @bmgs fstb`casofh irbefwkrgs, pkcalafs, prklfhurfs bmh prbltalfs tk hfbc wato tof cbrnf -

slbcf rfskcutakm ki trku`cfh bssfts8. Xof rfvafw iklusfh km tof Pfsahfmtabc Ekrtnbnf, \EF, \@Z bmh

Lkmsuefr bssft lcbssfs blrkss tof ikur Nrkup B @bmgs bmh wbs `bsfh km b lkeprfofmsavf prkdflt

irbefwkrg amlcuhamn pkrtikcak hbtb rfvafw, qubcatbtavf ebmbnfefmt huf hacanfmlf, hkluefmtbtakm

rfvafw, sbepcf-`bsfh CIPs bmh satf vasats6. @cblgPklg su`eattfh ats rfpkrt Zrkdflt BurbXrku`cfh

Bssft Pfvafwtk tof @bmg ki Nrfflf km

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2: | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

Ikr tof purpksfs ki tof Habnmkstal Bssfssefmt, @cblgPklg lbtfnkrasfh ckbm fxpksurfs amtk tof ikcckwamn bssft

lcbssfs am bllkrhbmlf wato tof @bmgs fxastamn lcbssaialbtakms4

Ianurf

Ebmy ki tof Nrkup @ @bmgs kitfm c astfh bc c c kbms tk usamfssfs bs Lkrpkrbtf, u t ikr tof purpksfs ki toas rfpkrt, @cblgPklg rf -lbtfnkrasfhNrkup @ Lkrpkrbtf ckbms wato iumhfh `bcbmlfs cfss tobm FVP 0.6 EE bs \EF

Bssft Lcbss Hfslraptakm

PftbacCkbms

Pfsahfmtabc Ekrtnbnfs Ckbms tobt brf sflurfh `y b rfsahfmtabc prkpfrty

Lkmsuefr Mkm-ekrtnbnf rfcbtfh lkmsuefr ckbms iurtofr havahfh amtk4

Pfvkcvamn Ckbms

Butk Ckbms

Ktofr Lkmsuefr Ckbms

\ebcc @usamfss bmh

Zrkifssakmbc (\@Z)

\ebcc `usamfss ckbms tk `krrkw frs nfmfrbccy obvamn bm bmmubc turmkvfr ki

cfss tobm FVP 0.6 EE

Lkee

frlabc

Ck

bms

Lkrpkrbtf Lkeefrlabc ckbms tk Lkrpkrbtf `krrkw frs nfmfrbccy w ato bm bmmubc

turmkvfr b`kvf b lfrtbam caeat bs hfiamfh `y tof @bmgs9

Xof caeats w frf FVP 06 EE, FVP 6: EE, FVP >: EE bmh FVP >6 EE

ikr Furk`bmg, M@N, Zarbfus, bmh Bcpob, rfspfltavfcy

Bssft Lcbss Hfslraptakm

Lkeefrlabc

Ckbms

\ebcc bmh Efhaue Fmtfrprasfs

(\EF)

Lkeefrlabc ckbms tk `krrkw frs nfmfrbccy obvamn bm bmmubc turmkvfr ki

`ftw ffm FVP 0.6 EE bmh tof caeats castfh umhfr Lkrpkrbtf b`kvf>

Lkeefrlabc Pfbc Fstbtf

(LPF)

Lkeefrlabc ckbms kranambtfh ikr tof purpksf ki iambmlamn lkeefrlabc rfbc

fstbtf bmh praebracy lkccbtfrbcasfh `y LPF prkpfrty, amlcuhamn LPF ckbms

assufh `y Nrffg cfbsamn su`sahabrafs

\oappamn Lkeefrlabc ckbms lkccbtfrbcasfh `y soappamn vfssfcs kr ckbms assufh tk soap

kwmfrs

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22 | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

Ianurf 84 Lkeefrlabc Ckbms \fnefmtbtakm Kvfrcbys

2.0. \lkpf ki Habnmkstal Bssfssefmt

Bs bnrffh wato tof @bmg ki Nrfflf, tof Habnmkstal Bssfssefmt lkvfrfh ckbm fxpksurfs blrkss bcc Nrkup B

bmh Nrkup @ @bmgs tobt wfrf ofch am tof (a) \kck bllkumts, woalo amlcuhf ckbms am Nrffg hkefstal rbmlofs bs

wfcc bs ikrfanm `rbmlofs17 (aa) Nrffg hkefstal su`sahabrafs amlcuhamn cfbsamn, ibltkramn bmh iambmlabc lkepbmafs7

bmh (aaa) ikrfanm su`sahabrafs bs ki tof Pfifrfmlf Hbtf. @y rucf, bcc soappamn ckbms rfebamfh watoam tof slkpf,bmh bcc amtfrlkepbmy ckbms wfrf fxlcuhfh.

Ikr tof ckbms ofch am ikrfanm `rbmlofs bmh ikrfanm su`saha brafs, tof slkpf kmcy lkvfrfh ckbms wato Nrffg

Pasg.Nrffg Pasg wbs hfiamfh bs ckbms (a) assufh tk b Nrffg `krrkwfr7 kr (aa) praebracy sflurfh `y lkccbtfrbc

cklbtfh amsahf ki Nrfflf.

Am krhfr tk askcbtf ckbms wato Nrffg Pasg am tof ikrfanm `rbmlofs bmh ikrfanm su`sahabrafs, @cblgPklg rfqufstfh

tof @bmgs tk ahfmtaiy bmh suèat ckbm-cfvfc amikrebtakm ikr bcc rfcfvbmt ckbms `bsfh km tof hfiamatakm b`kvf.

@cblgPklg tofm pfrikrefh b oano-cfvfc bssfssefmt tk loflg tobt tof @bmg prkpfrcy amtfrprftfh tof hfiama takm y

lrkss-rfifrfmlamn suèattfh `krrkwfr bmh lkccbtfrbc pkrtikcak hbtb amikrebtakm. Ikrfanm `rbmlofs kr ikrfanm

su`sahabrafs tobt hah mkt okch bmy Nrffg Pasg fxpksurfs bmh, tofrfikrf, hah mkt suèat bmy ckbm-cfvfc hbtb,wfrf rfquarfh tk suèat b rfprfsfmtbtakm cfttfr tobt wbs hucy sanmfh `y bm butokrasfh pfrskm stbtamn tobt tof

fmtaty hah mkt okch bmy ckbms wato Nrffg Pasg. B sueebry ki toas prklfss as amlcuhfh am Bppfmhax \ueebry ki

Ikrfanm Fmtaty \uèassakms.

Xof iambc slkpf ki tof Habnmkstal Bssfssefmt lkvfrfh b umavfrsf ki FVP 029 @M ki ckbm fxpksurfs bs ki tof

Pfifrfmlf Hbtf, lkeprasfh ki ckbms tktbccamn FVP 0:: @M am iumhfh fxpksurf ikr Nrkup B @bmgs bmh FVP 29

@M am iumhfh fxpksurf ikr Nrkup @ @bmgs. Xof ikcckwamn tb`cf prkvahfs bm kvfrvafw ki tof iucc slkpf woalo

wbs rflkmlacfh bnbamst tof rfnucbtkry rfpkrtamn prkvahfh tk tof @bmg ki Nrfflf bs ki tof Pfifrfmlf Hbtf.

?Lrfhat Nubrbmtffh Iumh praebrac y ikr \EF bmh \@Z Fmtfrprasfs

1

\k ck Bllkum ts amlcuhf bcc ckbms ofch am hkefstal bmh ikrfanm rbmlofs bs hfiamfh am Lobptfrs 28 bmh 26 ki tof Lkha iafh Cbw 02 1:/210:ikr Nrffg \klaftf Bmkmyef (\B), kr am tof lbsf tof fmtaty as b castfh lkepbmy, am Lobptfrs @ bmh L ki Cbw .

\fnefmtbtakm

Kvfrcbys Hfslraptakm

Lkeefrlabc

Ckbms

Cbrnf Ckbms @krrkw frs w ato iumhfh `bcbmlfs bmh lkeeattfh umiumhfh fxpksurfs am fxlfss kiFVP 06 EE

\tbtf-Pfcbtfh Ckbms Lkeefrlabc ckbms w ato Nrffg \tbtf-Pfcbtfh fxpksurfs bs hfi amfh `y tof ikcckw amnlbtfnkrafs4

2b) Fxpcalatcy Nubrbmtffh CbrnfCkbmsCkbms tk cbrnf stbtf-kw mfh lkepbmafs kr

fmtatafs w oalo brf fxpcalatcy nubrbmtffh `y tof \tbtf, bs fvahfmlfh `y b Dkamt

Eamastfrabc Hflasakm (GQB)

2`) Fxpcalatcy Nubrbmtffh Lrfhat \uppkrt Zrknrbeefs Ckbms tk pravbtf sfltkr

lkepbmafs w oalo brf fxpcalatcy nubrbmtffh `y XFEZEF? kr harfltcy `y tof \tbtf

torkuno b GQB hflasakm

0) \tbtf Kwmfrsoap/Biiacabtakm - Ckbms tk fmtatafs lkmtrkccfh bmh/kr (pbrtabccy) kwmfh

`y tof \tbtf, ebtfrabccy hfpfmhfmt km tof \tbtf, kr w ato skef pu`cal purpksf

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Ianurf 64 \lkpf ki Habnmkstal Bssfssefmt bs ki tof Pfifrfmlf Hbtf

2.

tk 8, bmh tof mue`fr ki fmtatafs ikreamn pbrt ki tof Nrkup @ @bmg lbtfnkry rfhulfh irke 22 tk >. Xof Nrffg

Iumhfh @bcbmlf (FVP EE ) Nrkup B Nrkup @Bcpob Furk. M@N Zarbfus \u` Xktbc B@@ Bttalb2 Lrfhal. Zbmfc. Zrk`bmg Zrktkm XX \u` Xktbc XKXBC

B. \kck Bllkumts 62,?81 2 2,2 2, 0,9?: 9,82 2,2 2,

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2< | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

`bmgamn sfltkr wbs bcsk su`dflt tk b cbrnf-slbcf rflbpatbcasbtakm fxfrlasf, wato < ki tof 8 Nrkup B @bmgs

Bcpob, M@N bmh Zarbfus - rftbamamn pravbtf sfltkr stbtus y sullfssiuccy rbasamn ekrf tobm 2:% ki tofar lbpatbc

rfquarfefmts irke pravbtf skurlfs. Furk`bmg wbs iuccy rflbpatbcasfh `y tof OI\I.

Ianurf >4 Pflfmt Nrffg @bmgamn Lkmskcahbtakm Bltavaty2:

Bs ki tof Pfifrfmlf Hbtf, blquarfh `bmgamn bssfts ebhf up 6?% ki iumhfh fxpksurf ikr Zarbfus woalo obh

lkepcftfh b tktbc ki 9 blquasatakms samlf 0:22, amlcuhamn tof nkkh bssfts ki BXF22bmh tof Nrffg kpfrbtakms

ki torff Lyprakt `bmgs. Bcpob blquarfh Fepkraga am Dumf 0:2%20bt tof taef ki tof Pfifrfmlf Hbtf.

Xof ikcckwamn Ianurf prkvahfs b sahf-`y-sahf lkepbraskm ki gfy lrfhat eftrals ki tof Nrkup B @bmg ckbm

pkrtikcaks su`dflt tk tof Habnmkstal Bssfssefmt vfrsus tof 0:22 Habnmkstal. At as aepkrtbmt tk mktf tobt tof

lrfhat eftrals bs prfsfmtfh brf kmcy harfltakmbc am mbturf bmh brf mkt harfltcy lkepbrb`cf navfm rflfmt `bmg

2:Iumhfh `bcbmlfs bs ki Pfifrfmlf Hbtf

22

Ikr tof purpksfs ki tof 0:2< Habnmkstal Bssfssefmt, BX F rfifrs kmcy tk BXF Nkkh @bmg, woalo wbs blquarfh `y Zarbfus am Dumf 0 :2020

AEI Lkumtry Pfpkrt Mk. 2

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lkmskcahbtakm, km-nkamn trku`cfh bssft rfskcutakm bltavaty bmh hfcfvfrbnamn am tof Nrffg `bmgamn sfltkr.28.0 >9. 0:21 0:02 0:0 0:21 0:02 0:0 0::1 0:22 0:2< 0:26 0:2> 0:21 0:02 0:0 0::1 0:22 0:2< 0:26 0:2> 0:21 0:02 0:0 0:21 0:02 0:0 0::? 0::1 0:2: 0:22 0:20 0:2< 0:28 0:26 0:29 0:2> 0:2? 0:0 ?.? ?.2 >.1 2:.< 28.0 0:.> 09.:

- @bsf Lbsf 0>.: 09.: 08.: 02.: 2?.> 26.1 1.?

- Bhvfrsf Lbsf 0>.2 0>.: 09.: 0

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2> | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

2.6. Aepkrtbmt Bssueptakms bmh Caeatbtakms

Xof ebam k`dfltavf ki tof BRP bmh LCZ fxfrlasf wbs tk k`tbam bm umhfrstbmhamn ki tof @bmgs pkrtikcaks bmh

prklfhurfs bmh tk fstaebtf lrfhat ckss prkdfltakms blrkss fblo bssft lcbss bmh fblo @bmg bs ki tof Pfifrfmlf

Hbtf.

Xof wkrg wbs umhfrtbgfm am b lkeprfssfh taefirbef bmh as su`dflt tk lfrtbam caeatbtakms, amlcuhamn toksf

rfcbtfh tk tof qubcaty bmh suiialafmly ki hbtb rflfavfh, amlcuhamn irke tof @bmgs, bs wfcc bs ktofr lkmsahfrbtakms

bmh caeatbtakms bs hfslra`fh am tof Bhvaskry \frvalfs Bnrffefmt, hbtfh 2> Ducy 0:2

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2? | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

Pfsahfmtabc Ekrtnbnf Ckbms

0.2. \lkpf ki Bssft Rubcaty Pfvafw

Bs ki

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tkpals lkvfrfh huramn ebmbnfefmt prfsfmtbtakms, @cblgPklg bcsk rfqufstfh tof ikcckwamn spflaial

hkluefmtbtakm tk `f suèattfh `y fblo Nrkup B bmh Nrkup @ @bmg4

Hftbacfh ckbm-cfvfc hbtb suèassakm

Zrkhult typf hfslraptakms

Hftbacfh sueebrafs ki tof rfsahfmtabc ekrtnbnf ckbm pkrtikcak `y vbrakus rasg eftrals

Ckbm umhfrwratamn bmh lrfhat bpprkvbc hkluefmtbtakm \lofhucf ki oastkralbc pbyefmt stbtus

@bmg krnbmasbtakmbc strulturf ikr rfsahfmtabc ekrtnbnf ckbm umhfrwratamn, ckbm sfrvalamn, bmh pbyefmt

lkccfltakm hfpbrtefmt

Hfslraptakm ki spflabcasfh Pfsahfmtabc Ekrtnbnf ckbm prkhults

Ai bmy amikrebtakm wbs umlcfbr kr amlkepcftf irke tof huf hacanfmlf sfssakms kr hbtb suèassakms, @cblgPklg

suèattfh wrattfm ikcckw-up PIAs, fxlobmnfh febacs wato rfcfvbmt @bmg fepckyffs, bmh ofch ikcckw-up lbccs,

wofrf mflfssbry. Xof ikcckw-ups wato tof @bmgs spbmmfh tfm wffgs bmh sfrvfh tk lcbraiy bmy qufstakms

rfnbrhamn tof hbtb suèassakm bmh loflg ikr amlkmsastfmlafs bmh hbtb nbps. Xof kmnkamn habcknuf wbs lrat albc

tk nbamamn b tokrkuno umhfrstbmhamn ki tof hbtb suèassakms. \aeacbrcy, ekhfc lkmstrult akm, lbca`rbtakm, bmh

bssueptakm-sfttamn wfrf bcc amikrefh `y tofsf kmnkamn lkeeumalbtakms wato tof @bmgs rfnbrhamn cklbc Nrffg

prbltalfs bmh @bmg strbtfny.

0.0. Zkrtikcak \trbtaialbtakms bmh Pasg Bmbcysas

Hbtb Lkccfltakm bmh Pfvafw

@cblgPklg hfvfckpfh b stbmhbrhasfh ckbm-cfvfc hbtb tfepcbtf tbackrfh tk Nrffg Pfsahfmtabc Ekrtnbnfs, woalo

amlcuhfh kvfr 22: hbtb iafchs lkvframn, ùt mkt caeatfh tk, tof ikcckwamn brfbs4

@krrkwfr lobrbltfrastalsVmaquf ahfmtaiafr26, fepckyefmt, amlkef, krrkwfr laty, ftl.

Ckbm lobrbltfrastals@bcbmlf, kranambtakm hbtf, lkupkm strulturf, rfebamamn tfre, CXY, ftl.

Lurrfmt bmh oastkralbc pfrikrebmlf- Lurrfmt bmh oastkralbc brrfbrs stbtus, brrfbrs `bcbmlf, lurrfmt bmhoastkralbc ckbm ekhaialbtakm stbtus, ftl.

Lkccbtfrbc amikrebtakm - Lkccbtfrbc cklbtakm, lkccbtfrbc typf, kranambtakm bpprbasbc, cafm amikrebtakm, ftl.

Vpkm rflfapt ki @bmg suèassakms, @cblgPklg hkwmckbhfh bmh km-`kbrhfh tof hbtbsfts tk b hbtb`bsf systfe,

woalo iblacatbtfh tof krnbmasbtakm bmh obrekmasbtakm ki hbtb blrkss vbrakus kutput ikrebts (a.f., .txt, .xcs, ftl.)

fmb`camn tof lrfbtakm ki pkrtikcak strbtaialbtakms, hbtb nbp rfpkrts, bmh tof aepcfefmtbtakm ki hbtb kvfrrahfs bmh

bssueptakms. Xof kranambc hbtb suèassakms `y tof @bmgs vbrafh am tof cfvfc ki lkepcftfmfss, bmh kvfr tof

lkursf ki sfvfrbc wffgs, @cblgPklg bmh tof @bmgs fmnbnfh am b lkeprfofmsavf hbtb rflkmlacabtakm prklfss.

@cblgPklg prkhulfh hftbacfh strbtaialbtakm tb`cfs am b stbmhbrh ikrebt bmh lkepbrfh tofsf tb`cfs tk sueebry

tb`cfs prkvahfh `y fblo ki tof @bmgs tk fmb`cf iurtofr lkrrk`krbtakm ki `bcbmlfs bmh ktofr gfy rasg ibltkrs.

Xoas prklfss bcckwfh tof @bmgs tk blgmkwcfhnf tobt tof hbtb suppcafh tk @cblgPklg wbs lkmsastfmt wato tof

@bmgs kwm umhfrstbmhamn ki tofar rfspfltavf pkrtikcaks. Amlkmsastfmlafs wfrf bhhrfssfh vab atfrbtavf hbtb rf-

suèassakms, febac lkrrfspkmhfmlf, tfcflkmifrfmlfs, bs wfcc bs am-pfrskm efftamns. Pflkmlacabtakms ki

haiifrfmlfs wfrf pfrikrefh su`dflt tk ebtfrabcaty bmh tk tof fxtfmt prbltalbc, watoam tof caeatfh taefirbef huramn

woalo tof bmbcysas wbs lkmhultfh.

26

Ikr @bmgs tobt obh rflfmtc y blquarfh amstatutakms (Bcpob, M@N bmh Zarbfus), @cblgPklg rfqufstfh b uma quf ahfmtaiafr ikr fxpksurfs am tofpbrfmt @bmg bmh tof blqua rfh fmtatafs

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Hbtb Bssue ptak ms

Ikcckwamn tof hbtb rflkmlacabtakm prklfss, skef hbtb hfialafmlafs rfebamfh, tof fxtfmt ki woalo vbrafh blrkss

@bmgs. Amlkepcftf kr amlkmsastfmt hbtb mflfssatbtfh, ikr ekhfccamn purpksfs, tof bppcalbtakm ki prbltalbc

wkrgamn bssueptakms tk lkepcftf tof hbtbsft. Xofsf wkrgamn bssueptakms wfrf amikrefh `y k`sfrvbtakms irke

tof kvfrbcc hbtbsft, qubcatbtavf gmkwcfhnf fxtrbltfh irke tof BRP huf hacanfmlf sfssakms, bs wfcc bs

@cblgPklgs duhnefmt `bsfh km Nrffg-spflaial fxpfrafmlf.

Ianurf 2:4 \fcfltfh Hbtb Nbp Bssueptakms

Eassamn Iafch Hbtb Bssueptakms

Kranambtakm hbtf Bssuefh @bmgs ^fanotfh Bvfrbnf \fbskmamn Xfre

CXY Bssanmfh tk @bmgs ^B CXY `y Ckbm Kranambtakm Hbtf `ulgft

Zkstbc lkhf Bssanmfh tk Nfknrbpoal Cklbtakm "Ktofr" lbtfnkry

Fmh hbtf ikr ckbms stacc am Ikr`fbrbmlf Bssanmfh tk @bmg's ^B Ikr`fbrbmlf Fmh Hbtf

Fmh hbtf ikr ckbms stacc am AK Bssanmfh ckbm ebturaty hbtf bs AK fmh hbtf

Ebturaty hbtfBssanmfh ebturaty hbtf `bsfh km taef samlf kr anambtakm hbtf bmh ckbm

rfebamamn tfre

Ekhaialbtakm icbn eassamn Bssuefh ckbm w bs mkt Ekhaiafh

Ekhaialbtakm hbtf Bssuefh @bmgs ^B \fbskmamn Xfre ikr Ekhaiafh ckbms

Lurrfmt amtfrfst rbtf Bssanmfh @bmg's ^B amtfrfst rbtf `y prkhult typf

Amtfrfst rbtf typf Bssanmfh tk Ickbtamn

Ekst rflfmt lkccbtfrbc vbcubtakm hbtfBssuefh ekst rflfmt lkccbtfrbc vbcubtakm w bs bs ki

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Hbtb E bppam n bmh \tbmhbrhasbtakm

Hfspatf umavfrsbc iafch hfiamatakms, tof hfnrff ki ikrebt vbrab`acaty ikr lfrtbam @bmg rfspkmsfs watoam gfy iafchs

mflfssatbtfh tof stbmhbrhasbtakm ki toksf iafchslkmtfmts am bllkrhbmlf wato b @cblgPklg-hfvfckpfh ebppamn

irbefwkrg (M@4 rfcbtavf tk ktofr bssfts lcbssfs, hbtb ikrebt vbrab acaty tfmhs tk `f pbrtalucbrcy oano ikr Pftbac).

Xoas stfp wbs pfrikrefh wato lkmsahfrbtakm ikr tof mffh tk prfsfrvf hbtb nrbmucbraty.

Iafchs ikr woalo hbtb ebppamn wbs rfquarfh amlcuhfh lkccbtfrbc rfnakm, lkupkm typf, bmh hfcamqufmly stbtus . Am

tofsf lbsfs, @cblgPklg lkmstrultfh b ekrf lkmlasf rbmnf ki cb`fcs/iafch lkmtfmts, bmh `bsfh upkm tof kranambc

@bmg rfspkmsfs, bssanmfh fxastamn camf atfes tk tof cb`fcs watoam tof sebccfr su`-sft.

Zkrtikc a k Kvfrvafw bmh \ueebry \tbtast als

Xof Nrkup B @bmg Pfsahfmtabc Ekrtnbnf umavfrsf fmlkepbssfh FVP 9 @M bmh FVP 2?.< @M am tktbc iumhfh `bcbmlfs rfspfltavfcy, fblo

rfprfsfmtamn bpprkxaebtfcy 01% ki tof tktbc. Zarbfus ikcckws lcksfcy wato b FVP 2>.< @M iumhfh `bcbmlf (0>%

ki tof tktbc), bmh Furk`bmg as tof sebccfst lkmstatufmt, wato b FVP 1.9 @M iumhfh bcbmlf, rfprfsfmtamn 26% ki

tof umavfrsf.

Ianurf 204 Nrkup B @bmgs Pfsahfmtabc Ekrtnbnf Vmavfrsf

@bcbmlf Ckbm Lkumt @krrkwfr LkumtCkbm

@bcbmlf

(FVP EE)

% ki Xktbc

@bcbmlf

Ckbm

Lkumt

% ki Xktbc

Lkumt

@krrkwfr

Lkumt

% ki Xktbc

Lkumt

Bcpob 2?,

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Ianurf 2% ki tof tktbc umavfrsf. Xof prfsfmlf

ki LOI-hfmkeambtfh ckbms wbs sazfb`cf, bt 1.9% ki tktbc `bcbmlf, bmh kmcy 0.8% ki `bcbmlfs wfrf

bssklabtfh wato b Nrffg nkvfrmefmt nubrbmtff. Xof wfanotfh bvfrbnf sfbskmamn (bhdustfh ikr ekmtos

samlf ekhaialbtakm hbtf ikr Ekhaiafh ckbms) ki Pfsahfmtabc Ekrtnbnfs wbs 9< ekmtos

Xof wfanotfh bvfrbnf hravf-`y Bhdustfh Amhfxfh CXYs rbmnfh irke tof ?0% tk 11% blrkss tof Nrkup

B @bmgs, wato Furk`bmg obvamn tof oanofst Bhdustfh Amhfxfh CXY bmh Zarbfus tof ckwfst. Bhdustfh

Amhfxfh CXY as b gfy hravfr ki hfibuct bmh ckss sfvfraty

M@N bmh Zarbfus wfrf tof twk @bmgs wato tof cbrnfst pfrlfmtbnf ki ckss eatanbtakm pfrikrefh tk-hbtf.

Mktb`cy, woacf Bcpob obs lkmiarefh ats lurrfmt bhofrfmlf tk bm amtfrmbc pkcaly ki rficfltamn bmh

rflkrhamn tof prfsfmlf ki ckss eatanbtakm km Ekhaiafh fxpksurfs, am pbrtalucbr rfslofhucfh fxpksurfs,

tofrf as stacc skef cfvfc ki be`anuaty rfnbrhamn tof fxtfmt tk woalo toas hbtb ebmbnfefmt prbltalf wbs

pfrikrefh am tof pbst. Bs sulo, tof ckss eatanbtakm eftral, bs b efbsurf amtfmhfh tk qubmtaiy tof

prfvbcfmlf ki ckbm ekhaialbtakms watoam fblo @bmg, eby `f skefwobt amlkmsastfmt ikr lkepbrbtavf

purpksfs wofm lkmsahframn Bcpob

@cblgPklg utacasfh hbtb strbtaialbtakms bmbcysas tk iblacatbtf tof ahfmtaialbtakm ki gfy pbttfrms bmh lrfhat rasg

hravfrs watoam tof pkrtikcak. K`sfrvfh rasg hravfrs bmh pbttfrms wfrf bmbcysfh bmh rfvafwfh am hftbac bckmnsahf

tof iamhamns irke ktofr BRP huf hacanfmlf prklfssfs. @fckw as b `rafi wbcgtorkuno hfekmstrbtamn okw tof

atfrbtavf strbtaialbtakm oanocanots tof sanmaialbmlf ki kmf pbrtalucbr eftral (am toas lbsf, Bhdustfh Amhfxfh CXY) am

rfcbtakm tk lrfhat pfrikrebmlf. Xof ikcckwamn twk tb`cfs am Ianurf 28 sokw b sahf-`y-sahf lkepbraskm ki ckbm

lobrbltfrastals bmh rasg eftrals ki tof Nrkup B @bmg Pfsahfmtabc Ekrtnbnf umavfrsf wato hravf-`y Bhdustfh

Amhfxfh CXYs cfss tobm bmh nrfbtfr tobm 1:%.

Bcpob Furk`bmg M@N ZarbfusNrkup B

Xktbc

Nrkup B

Bvn.

Zkrtikcak Fxpksurf Iumhfh (FVP EE) 2?,

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Ianurf 284 Pfsahfmtabc Ckbm \trbtaialbtakms

Xof tb`cf `fckw sokws strbtaialbtakms ki bcc Nrkup B @bmg Pfsahfmtabc Ekrtnbnf fxpksurf wato b hravf-`yBhdustfh Amhfxfh CXY 1:%.

Xof tb`cf `fckw sokws strbtaialbtakms ki bcc Nrkup B @bmg Pfsahfmtabc Ekrtnbnf fxpksurf wato b hravf-`yBhdustfh Amhfxfh CXY = 1:%.

Irke b`kvf strbtaialbtakms, tof ikcckwamn k`sfrvbtakms lbm `f ebhf

Ckbms tobt obh bm Bhdustfh Amhfxfh CXY ki cfss tobm 1:% wfrf ?

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Xof Bhdustfh 1:+ HZH rbtak (woalo fmlkepbssfs ckbms 1:+ HZH bmh ckbms woalo brf Lurrfmt bmh

obvf `ffm Ekhaiafh) as kmcy 0?.9% ikr Ckbms wato bm Bhdustfh Amhfxfh CXY ki cfss tobm 1:% lkepbrfh

tk 60.

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\bepcf \fcflt akm

Ckbms sbepcfs wfrf hftfreamfh torkuno prf-hfiamfh lratfrab bs wfcc bs rbmhke sfcfltakm. Ikr fblo Nrkup B

Zbrfmt @bmg, nkvfrmefmt-nubrbmtffh bmh Ekhaiafh ckbms wfrf fxlcuhfh irke tof sbepcf sfcfltakm. Eamaeue

sfcfltakm lratfrab wfrf bs ikcckws4

28 ckbms (0?% ki sbepcf) wato ekst rflfmt CXY = ?:%

28 ckbms (0?% ki sbepcf) wato brrfbrs ki kvfr 1: HZH

2: ckbms (0:% ki sbepcf) wato lurrfmt `bcbmlf kvfr FVP 0:: G

20 ckbms (08% ki sbepcf) wato rbmhke sfcfltakm

Xof sbef eftokhkckny wbs bppcafh ikr blquarfh Nrkup @ @bmg fmtatafs, bhdustfh tk tof sazf ki tofar kwm

sbepcf sfts.

Xof ckbm `bcbmlfs rfvafwfh blrkss Nrkup B Zbrfmt @bmgs bmh rflfmtcy blquarfh Nrkup @ @bmg fmtatafs brf bs

ikcckws4

Ianurf 264 Ckbm @bcbmlfs Pfvafwfh am \bepcf

@bmgMue`f r ki iacfs

rfvafwfh

Kutstbmhamn `bcbmlf

(FVP EE)

Zbrfmt Fmtatafs 0:: 00.22

M@N 6: 9.0>

Furk`bmg 6: 8.19

Bcpob 6: 6.:1

Zarbfus 6: 6.>1

Pflfmtcy Blquarfh @bmgs 291 2?.06

Zrk`bmg (M@N) 6 :.86

XX (Furk`bmg) 0: 0.6:

Fepkraga (B cpob) 6: 6.00

BXF (Zarbfus) 6

Eaccfmmaue (Zarbfus) 29 0.11

Nfmaga (Zarbfus) 29 2.

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Lratfrab Nrbhf Lratfrab Nrbhf Hfslraptakm

L

Kmf kr ekrf ebtfrabc fxlfptakms tk nuahfcamfs kr hkluefmts w frf mktfh.

Okw fvfr tof ckbm obh eatanbtamn kr lkepfmsbtamn ibltkrs tobt w kuch ebgf tof

ckbm hffefh bs bm bllfptb`cf rasg

H

Kmf kr ekrf ebtfrabc fxlfptakms tk nuahfcamfs kr hkluefmts w frf mktfh. Xofrf

w frf amsuii alafmt eatanbtamn kr lkepfmsbtamn ibltkrs tk kiisft tof fxlfptakms, bmh

tof nrbmtamn ki ckbm w kuch obvf `ffm lkmsahfrfh bt b cfvfc ki rasg kutsahf ki pkcaly

0. Lkmsuctbmt Nrbhf - kvfrbcc nrbhf efbsuramn woftofr ckbm kranambtakm stbmhbrhs lkmikre tk nfmfrbccybllfptfh cfmhamn prbltalfs bhkptfh `y b pruhfmt cfmhfr.

Lkmsuctbmt Nrbhf Lkmsuctbmt Nrbhf Hfslraptakm

B

Mk fxlfptakms tk nfmfrbccy bllfptfh prbltalf `y pruhfmt Pfsahfmtabc Ekrtnbnf /

lkmsuefr cfmhfrs ki cagf prkhult w frf mktfh. Xof ckbm w bs lkmsahfrfh tk f

bllfptb`cf

@Eamkr fxlfptakms tk nfmfrbccy bllfptfh prbltalfs w frf mktfh. Okw fvfr, tofmbturf ki tof fxlfptakms w bs sulo tobt tof ckbm w kuch f lkmsahfrfh bllfptb`cf

`y pruhfmt Pfsahfmtabc Ekrtnbnf cfmhfrs ki cagf prkhult am tof ebrgft

L

Kmf kr ekrf ebtfrabc fxlfptakms tk nfmfrbccy bllfptfh prbltalfs w frf mktfh.

Okw fvfr tof ckbm obh eatanbtamn kr lkepfmsbtamn ibltkrs tobt w kuch obvf bcckwfh

pruhfmt Pfsahfmtabc Ekrtnbnf cfmhfrs ki cagf prkhult am tof ebrgft tk lkmsahfr tof

ckbm tk `f bllfptb`cf km `bcbmlf

H


Xofrf w frf amsuii alafmt eatanbtamn kr lkepfmsbtamn ibltkrs tk kii sft tof fxlfptakms

bmh tof ckbm w kuch f lkmsahfrfh umbllfptb`cf `y pruhfmt cfmhfrs am tof ebrgft

\ueebry Iamhamns

Xof rfsucts ki tof Kranambtakm bmh Vmhfrwratamn CIP brf sokwm am tof Ianurf `fckw29. Pfvafwfrs hah mkt obvf

pkcaly kr prklfhurf ebmubcs huramn tof rfvafw ikr XX bmh Zrk`bmg bmh tofrfikrf lkuch mkt bssanm b Lratfrab

Nrbhf ikr toksf `bmgs.

Ianurf 294 Pfsahfmtabc Kranambtakm bmh Vmhfrwratamn CIP rfsucts

Pfsahfmtabc Lratfrab Nrbhfs (% ki Ckbm Lkumt) Lkmsuctbmt Nrbhfs (% ki Ckbm Lkumt)

B @ L H B @ L H

Bvfrbnf kiZbrfmt Fmtatafs

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ckbms rflfavfh b Lkmsuctbmt Nrbhf ki fatofr B kr @ ikr `famn umhfrwrattfm am bllkrhbmlf wato pruhfmt cfmhamn

stbmhbrhs, woacf bm bcekst fqubc bekumt ki tof sbepcf (4 Fxlfptakms K`sfrvfh am Pfsahfmtabc Kranambtakm bmh Vmhfrwratamn Ckbm Iacf Pfvafw

Xof rfsucts ki tof CIP ahfmtaiafh ifwfr lratfrab-`bsfh fxlfptakms tobm fxlfptakms tobt tof rfvafwfr `fcafvfh

wfrf fxlfptakms tk pruhfmt cfmhfr stbmhbrhs. Xof Lratfrab Fxlfptakms rfcbtfh tk vakcbtakm ki tof @bmgs kwm

pkcalafs, praebracy rfcbtfh tk amlkef bmh biikrhb acaty bssfssefmt (0:2 fxlfptakms, ki woalo mfbrcy 6:% wfrf

lratfrab-rfcbtfh). Fxlfptakms rfcbtfh tk lkepcabmlf wato bppcalbtakm bmh `uachamns amsurbmlf pkcaly wfrf bcsk

k`sfrvfh am ?6 lbsfs.

Lkmsuctbmt Fxlfptakms wfrf ekrf irfqufmt tobt Lratfrab Fxlfptakms. Ekst Lkmsuctbmt Fxlfptakms rfcbtf tk tof

cblg ki b lkmsastfmt bpprkblo tk `krrkwfr amlkef bmh biikrhb acaty bssfssefmt, wato

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k`sfrvfh. Ekst ki tofsf fxlfptakms (8:% ki toas lbtfnkrys fxlfptakms) rfcbtf tk tof bssfssefmt ki amlkef/HXA

bmh `rfblofs ki rfbskmb`cf HXA caeats (praebracy rfcbtfh tk ckbms kranambtfh huramn tof oano cfmhamn nrkwto

pfrakh). Fxbepcfs ki toas amlcuhf tof usf ki mkm-hflcbrfh amlkef bmh lrfhat lkeeatefmts irke ktofr `bmgs

tobt wfrf mkt amlcuhfh am tof `krrkwfrs tktbc hf`ts wofm lbclucbtamn tof HXA rbtak. Keassakm ki tof `krrkwfrs

fepckyefmt stbtus bmh taef km tof lurrfmt dk` wfrf bcsk k`sfrvfh am 18 lbsfs (woalo rfprfsfmts 06% ki tof

lbtfnkrys fxlfptakms).

Fxlfptakms rfcbtfh tk tof vbcubtakm prklfss wfrf mktfh am 299 lbsfs. Xof ekst irfqufmt assuf k`sfrvfh wbs

tof cblg ki poktknrbpos ki prkpfrtafs, woalo wfrf eassamn irke 6? ckbm iacfs. Oano CXYs bt kranambtakm wfrf bcsk

mktfh am : amstbmlfs, wato tof ekst irfqufmt fxlfptakm `famn tof

b`sfmlf ki b prf-bpprkvbc lrfhat sfbrlo () lrfhat sfbrlo rfsucts.

GQL-rfcbtfh fxlfptakms wfrf ahfmtaiafh am 9? lbsfs, praebracy huf tk amsuiialafmt prkki ki bhhrfss bmh

amlkmsastfmt sanmbturfs blrkss tof hkluefmtbtakm. Zrkki ki bhhrfss wbs eassamn irke

Xfa rfsabs lrfhat u rfbu kiifrs b woatf c ast lkmtbamamn bcsk nkkh pbyfrs samlf 0::< am bhhatakm tk tof `cblg ca st sfrvalf tobt wbs kiifrfhprakr tk tobt hbtf.

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\bepcf \fcflt akm

Ckbms sbepcfs wfrf hftfreamfh torkuno prf-hfiamfh lratfrab bs wfcc bs rbmhke sfcfltakm tk nbam amsanot amtk

fblo @bmgs ckss eatanbtakm prbltalfs. Nkvfrmefmt-nubrbmtffh bmh nkvfrmefmt-su`sahasfh (KFG) ckbms wfrf

fxlcuhfh irke toas sbepcf. Xof sbepcf wbs lkeprasfh fxlcusavfcy ki ckbms Ekhaiafh am 0:20 bmh 0:2

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>%

Vpkm rfvafw, kmcy 29% ki tof ckbm sbepcf rflfavfh b nrbhf ki fatofr B kr @, amhalbtamn tobt tof @bmgs nfmfrbccy

hah mkt bhofrf tk stbtfh ckss eatanbtakm prklfhurfs kr prbltalfs nfmfrbccy bllfptfh `y pruhfmt cfmhfrs ikr

saeacbr prkhults. Iurtofrekrf, >>% ki tof sbepcf ckbms tobt rflfavfh ckss eatanbtakm wkrgkuts wfrf hffefh

umbllfptb`cf bmh wfrf kutsahf ki tof pruhfmt cfmhamn stbmhbrhs. Xofsf slkrfs brf ckwfr tobm tof kmfs

bttraùtfh huramn tof BRP Pfsahfmtabc Ekrtnbnfs CIP woalo as praebracy huf tk b ekrf bhvfrsf sfcfltakm ki toas

sbepcf.

B tktbc ki 12< fxlfptakms wfrf mktfh irke tof rfvafw. Pfvafwfrs lbtfnkrasfh tofsf fxlfptakms amtk < ebam

lbtfnkrafs, fblo ki woalo obs sfvfrbc su`-lbtfnkrafs, bs ikcckws4

Zkst lkepcftakm fvahfmt rasg4 Brrfbrs cagfcy tk amlrfbsf pkst-ekhaialbtakm, assufs rfcbtfh tk tof

`krrkwfrs pfrikrebmlf ikr ktofr bllkumts, biikrhbàcaty bmh ktofr hf`t bssfssefmt assufs , `krrkwfrs

umfepckyefmt stbtus, ktofr cfmhfr catanbtakm, fxlobmnf rbtfs, oano CXYs, `krrkwfr kr nubrbmtkr `famn

hflfbsfh kr umtrblfb`cf, sfmsatavf assufs (ekstcy ofbcto prk`cfes bmh `krrkwfrs bnf bt ckbm

ebturaty) bmh ktofr rasgs/assufs

Pfstrulturamn4 Amlcuhfs fxlfptakms rfcbtfh tk bllkumts cagfcy tk hfibuct bitfr ekhaialbtakm,

rfstrulturamn/ekhaialbtakm bltavatafs mkt `famn sullfssiuc kr bpprkprabtf, rfbskmb`cf, kr ibvkurb`cf ikr

tof `krrkwfr, prfsfmlf ki euctapcf ekhaialbtakms pfr ckbm, pbyefmt oastkry mkt `famn bssfssfh prakr tk

ekhaialbtakm, brrbmnfefmts wato ktofr cfmhfrs, ckbm bnrffefmt bhhfmhue mkt am iacf bmh ktofrrfstrulturamn rfcbtfh assufs

Zbyefmt pfrikrebmlf bmh lkccfltakms4 Amlcuhamn fxlfptakms rfcbtfh tk mk kr mkt fiifltavf habcknuf wato

`krrkwfrs, lkccfltakms bltavatafs mkt taefcy kr mkt am bllkrhbmlf wato \CB, mkt fstb`casofh rfbskms ikr

brrfbrs, umgmkwm amtfmtakm tk pby bmh ktofr lkccfltakms assufs

Xof vbrakus fxlfptakms, `y lbtfnkry, brf castfh am tof ikcckwamn tb cf.

Ianurf 0:4 Fxlfptakms K`sfrvfh am Pfsahfmtabc Ckss Eatanbtakm Ckbm Iacf Pfvafws

Pfs ahfmtabc ckss eatanbtakm Fxlfptakms

Fxlfptakm su`-lbtfnkry Xktbc

Zkst lkepcftakm fvahfmt rasg 8?9

Brrfbrs c agfcy tk amlrfbsf 206

Ktofr bllkumts pfrikrebmlf 16

Biikrhbàc aty kr ktofr hf`t assufs ?

Pfstrulturamn/Ekhaialbtakm mkt bpprkprabtf, mkt rfbskmb`cf, mkt watoam

lratfrab kr mkt bcc kptakms lkmsahfrfh

?2

Euctapcf rfstrulturamns/ekhaialbtakms pfr ckbm >: Ktofr fxlfptakms (am 8 su` -lbtfnkrafs) 0?

Zbyefmt pfrikrebmlf bmh lkccfltakms 8:

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| @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

\tfp 0 ki 64 Ekhfc Lkmstrultakm bmh Lbca`rbtakm

@cblgPklg hfvfckpfh tof Nrffg Pfsahfmtabc Ekrtnbnf ekhfc usamn b trbmsatakm ebtrax irbefwkrg (bcsk gmkwm

bs tof Xrbmsatakm Ebtrax Ekhfc), wofrf`y tof prkdfltfh ckss ikr bmy spflaial fxpksurf as fstaebtfh `y iarst

tbgamn amtk bllkumt tof prk`b`acaty tobt tof navfm fxpksurf `flkefs hfcamqufmt, ikcckwfh `y hfibuct, bmh upkm

tof pkamt ki caquahbtakm, fxpfrafmlfs b ckss sfvfraty km tof kutstbmhamn bcbmlf kwfh. Iurtofrekrf, tof ekhfc

lkeputfh toas kutstbmhamn bcbmlf bs b iumltakm ki lkmtrbltubc bekrtasbtakm torkuno pfrakhal amstbcefmts, bs

wfcc bs bmy pktfmtabc prfpbyefmts.

Ikr ekhfccamn purpksfs, bltavf ckbms wfrf lcbssaiafh amtk kmf ki torff amatabc stbtfs7 Lurrfmt, Hfcamqufmt, kr

Hfibuct, woalo wfrf hftfreamfh y tof amatabc brrfbrs (HZH) stbtus, st bmhbrhasfh blrkss tof @bmgs bs ki tof

Pfifrfmlf Hbtf. Bhhatakmbccy, ckbms eby `flkef Caquahbtfh kr Zrfpbah, bs pfr tof tb`cf `fckw4

Ianurf 094 Pfsahfmtabc Ekrtnbnfs - Ekhfc ckbm stbtf hfiamatakms

Ckbm \tbtf @cblgPklg Ekhf c Hfiamatakm

Lurrfmt :?1 HZH

Hfcamqufmt 1:

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brf ikr fxpcbamamn vbrabtakm fatofr kvfr taef kr `ftwffm pkrtikcaks ikr tof Lrfhat Ckss Zrkdfltakms.

Ikr b iucc cast ki tof suatf ki fxpcbmbtkry vbrab`cfs fepckyfh y @cblgPklgs Pfsahfmtabc Ekrtnbnf ekhfc, pcfbsf

sff BppfmhaxPftbac, ktofrwasf tof lurrfmt tk hfcamqufmt fxpcbmbtkry vbrab`cfs as sokwm am tof Ianurf `fckw.

Ianurf 2%

Ckbm Lkupkm 0 + 00,8::.: 2%

am Vmfepckyefmt (Qfbr km Qfbr) < + 8,0:8.> 2%

cm(Ckbm Bnf+2) 8 + 2,

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lrfhat pfrikrebmlf. Bhhatakmbccy, tof amtfrfst rbtf cfvfc bt tof taef ki kranambtakm eby `f lkmsahfrfh b

gfy lrfhat rasg amhalbtkr, bs cfmhfrs typalbccy lobrnf oanofr amtfrfst rbtfs tk rasgafr `krrkwfrs bt

kranambtakm

Vmfepckyefmt4 Xof lobmnf am umfepckyefmt as bmktofr rfcfvbmt efbsurf ki lurrfmt flkmkeal

lkmhatakms, bs at lbm rfsuct am b sanmaialbmt soklg tk b `krrkwfr's bàcaty tk pby, am turm biifltamn tof

pfrikrebmlf ki Pfsahfmtabc Ekrtnbnfs. Bs sokwm am tof tb`cfs b`kvf, @cblgPklg k`sfrvfh b pksatavf

lkrrfcbtakm ftwffm lobmnf am umfepckyefmt cfvfcs bmh trbmsatakm prk`bàcatafs amtk wkrsf ckbm stbtfs

\fbskmamn (kr Ckbm bnf)4 Hfiamfh bs tof bekumt ki tof taef tobt tof ckbm obs `ffm kutstbmhamn.

\fbskmamn tfmhs tk obvf b mkm-ekmktkmal rfcbtakmsoap wato lrfhat pfrikrebmlf. Bt, bmh brkumh tof

taef ki ckbm kranambtakm, `krrkwfr iambmlabc lbpblaty, flkmkeal lkmhatakms, bmh ckbm tfres (sulo bs

lkupkm, ekmtocy amstbcefmt sazf, ftl.) brf bcc typalbccy wfcc-bcanmfh, rfsuctamn am b ckw cagfcaokkh ki qualg

hftfrakrbtakm am lrfhat pfrikrebmlf. Kvfr taef, tof lueucbtavf ùrhfm ki pfrakhal ekrtnbnf k`canbtakms,

bs wfcc bs lobmnfs am `krrkwfr iambmlabc lbpblaty bmh flkmkeal lkmhatakms amlrfbsfs tof cagfcaokkh tobt

skef ckbms bnf amtk hfcamqufmly, bmh hfibuct. Cbtfr am tof ckbm caif lylcf, amlrfbsfh sfbskmamn tfmhs tk

hravf hkwm prkpfmsaty tk `flkef hfcamqufmt bmh tk hfibuct, bs amlrfbsfh prkxaeaty tk tof uctaebtf nkbc

ki okef kwmfrsoap, bmh b waccamnmfss tk utacasf tof sanmaialbmt taef bmh rfskurlfs spfmt am sfrvalamn

tofar ekrtnbnfs, ektavbtfs `krrkwfrs tk lkmtamuf ebgamn pbyefmts. Xof lkeàmbtakm ki tofsf

hymbeals aepcy b ouep-sobpfh sfbskmamn-vfrsus-hfcamqufmly/hfibuct lurvf

Am(Ckbm Bnf +2) bmh Ckbm Bnf brf tof 8to bmh 6to ekst s anmaialbmt hymbeal vbrab`cfs am tof ekhfc

oanocanotfh b`kvf

NHZ4@cblgPklg ikumh tobt tof lobmnf am tof cfvfc ki flkmkeal bltavaty bs efbsurfh `y Pfbc NHZ as b

strkmn ibltkr am fxpcbamamn tof pfrikrebmlf ki ekrtnbnfs blrkss bcc hfcamqufmly ùlgfts. @cblg Pklg

usfh tof yfbr-km-yfbr lobmnf am Pfbc NHZ tk sekkto sfbskmbcaty fiiflts. NHZ nrkwto obs b pksatavf

fiiflt km luramn trbmsatakms bmh b mfnbtavf fiiflt km trbmsatakms tk wkrsf pfrikreamn stbtfs

Iaxfh-rbtf4 Xof iaxfh-rbtf ibltkr nfmfrbccy tfmhs tk rfhulf tof cagfcaokkh ki lrfhat hftfrakrbtakm, bs ckbm

pbyefmts brf gmkwm kvfr taef. Xoas lkmtrbsts wato tof vbrabàcaty ki ickbtamn-rbtf prkhults, wofrf

umbmtalapbtfh bmh pktfmtabccy cbrnf amlrfbsfs am rfquarfh ckbm amstbcefmts eby prkvf umsustbamb`cf ikr

tof `krrkwfr. Cfmhfrs typalbccy lobrnf iaxfh amtfrfst rbtfs tk `krrkwfrs hffefh bs ckw rasg, sk tk

skef fxtfmt, tof iaxfh-rbtf amtfrfst rbtf typf eby `f lkmsahfrfh bs bm amhalbtkr ki ckw lrfhat rasg

\tfp < ki 64 Lkokrtamn ki Ckbm Hbtb

Xk fmobmlf tof kpfrbtakmbc fiialafmly ki tof ekhfc, @cblgPklg pcblfh fblo ckbm amtk b lbtfnkry (kr lkokrt)

wato ktofr fxpksurfs tobt sobrfh efbmamniuccy saeacbr bttraùtfs bmh lobrbltfrastals. Irke b ekhfccamn

pfrspfltavf, fblo ki tofsf lkokrts rfprfsfmts kmf camf, woalo bhkpts tof bnnrfnbtfh kr bvfrbnf bttraùtfs ki

tof amhavahubc ckbms at su`suefs. Ikr fxbepcf, tof tktbc `bcbmlf ki b lkokrt as tof sue ki bcc ckbm `bcbmlfs

watoam tobt lkokrt, woacf tof lkrrfspkmhamn CXY ki tobt lkokrt `flkefs tof `bcbmlf-wfanotfh bvfrbnf ki ats

amhavahubc lkmstatufmts.

Fblo ki tofsf lkokrts wbs lkmstrultfh `bsfh km bttraùtfs tobt earrkr tof fxpcbmbtkry vbrab`cfs am Ianurf

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Ianurf

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Ikrwbrh Ckkg amn Flkmke al B ssue pt akms

@cblgPklg utacasfh eblrkflkmkeal ikrflbsts prkvahfh `y tof @bmg ki Nrfflf ikr ibltkrs sulo bs

umfepckyefmt, okusamn pralfs, NHZ, FVP/LOI fxlobmnf rbtfs, bmh amtfrfst rbtfs. Xof ikrwbrh pbtos ki

tofsf vbrab`cfs, bs wfcc bs tofar rfcbtavf trbdfltkrafs blrkss `kto @bsf bmh Bhvfrsf Lbsfs, wfrf gfy

lkepkmfmts tk tof LCZ irbefwkrg watoam tof Pfsahfmtabc Ekrtnbnf ekhfc. Xof ikrwbrh lurvfs amlkrpkrbtfh

amtk tof ekhfc brf sokwm am \fltakm 2.8.

@cblgPklg bppcafh tof okef pralf lurvf prkvahfh `y tof @bmg ki Nrfflf tk prkdflt lkccbtfrbc vbcufs ki

prkpfrtafs sfluramn Nrkup B @bmg fxpksurfs bt vbrakus pkamts am taef, bs sokwm `fckw.

Ianurf

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Ianurf

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ikumh tobt am tof V\ bmh Furkpfbm fxpfrafmlfs, tof hastrfssfh bhdustefmthuf tk toas bhvfrsf

sfcfltakm obs `ffm rfcbtavfcy stb`cf bt 0:%, aepcyamn tobt fstaebtfh prkpfrty vbcufs brf nfmfrbccy 0:%

`fckw wobt bm amhfx vbcuf wkuch sunnfst

Bultakm ikrebt4 Am Nrfflf, rfsahfmtabc prkpfrtafs brf caquahbtfh vab tof bultakm eftokh, bs ebmhbtfh y

cbw. Bcc fcsf `famn fqubc, sbcfs torkuno toas haspksatakm tflomaquf obvf typalbccy cfh tk nrfbtfr haslkumts

lkepbrfh tk sbcfs `rkgfrfh `y rfbc fstbtf bnfmts watoam bm umhfiamfh pfrakh ki taef

Ikr ekhfccamn purpksfs, @cblgPklg tofrfikrf bssuefh tobt tof ikrlfh sbcf haslkumt, bppcalb`cf am tof mfbr- tk

efhaue-tfre tk f

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Ckss \fvfraty Lbcluc btakm bmh tof Xk`at Xrbmsikre btakm

Ckss sfvfraty as lbclucbtfh `y hfhultamn bultakm prklffhs (mft ki caquahbtakm fxpfmsfs) irke tof kutstbmhamn

ckbm `bcbmlf. Xoas lbclucbtakm tofrfikrf rfquarfs Amhfxfh CXY bt tof taef ki caquahbtakm bs bm amput, bs at as irke

toas vbcuf tobt kmf hfravfs tof bultakm pralf.

Okwfvfr, Amhfxfh CXY as b rbmhke vbrab`cf, sk am pfrikreamn toas lbclucbtakm, tof rfsuctamn Ckss \fvfraty as

atsfci b rbmhke vbrab`cf, woalo `y hfiamatakm lbmmkt `f cfss tobm zfrk. Am stbtastalbc cbmnubnf, Ckss \fvfraty as

lfmskrfh bt zfrk, `flbusf am bcc lbsfs wofrf b nbam upkm caquahbtakm wkuch kllur, b zfrk ckss as rflkrhfh.

Lbclucbtamn tof fxpfltfh vbcuf ki b lfmskrfh rbmhke vbrab`cf cagf Ckss \fvfraty rfquarfs tof bppcalbtakm ki b

Xk`at Xrbmsikrebtakm, woalo as hftbacfh am tof Bppfmhax.

Ktofr g fy e khfc bssue ptakm s4

Fxpksurf bt hfibuct4 @cblgPklg lkmsahfrfh kmcy tof iumhfh `bcbmlf ki Pfsahfmtabc Ekrtnbnfs bs vfry

ifw ckbms ifbturfh hrbwb`cf bekumts (lkmstrultakm ckbms) kr rfvkcvamn ifbturfs.

Hfcamqufmt ckbm pby rbtf4 tof pfrlfmtbnf ki tof huf amstbccefmt tobt as pbah ikr hfcamqufmt Pfsahfmtabc

Ekrtnbnfs as bssuefh tk `f 8:%. Xoas wbs hftfreamfh irke tof oastkralbc hbtb prkvahfh `y tof @bmgs

bmh as lkmsastfmt wato bssueptakms am ktofr durashaltakms

Hfibuctfh ckbm pby rbtf4 Hfibuctfh ckbms wfrf bssuefh tk pby mk amtfrfst kr pramlapbc.

Zrfpbyefmt4 B prfpbyefmt ekhfc wbs hfravfh irke Nrffg Pfsahfmtabc Ekrtnbnf sfluratasbtakm hbtb

Nkvfrmefmt-nubrbmtffh ckbms4 ikr nkvfrmefmt-nubrbmtffh ckbms, ckssfs wfrf bssuefh tk `f zfrk

\tfp 6 ki 64 Kutput Nfmfrbtakm

Fblo lkokrt wbs amhavahubccy rum torkuno tof ekhfc, usamn tof bnnrfnbtf bmh wfanotfh-bvfrbnf lobrbltfrastals

ki ats lkmstatufmts tk hftfreamf prkdfltakms ikr prfpbyefmt, hfibuct, hfcamqufmly, bmh ckss sfvfraty. Ekhfc

rfsucts wfrf bnnrfnbtfh blrkss tofsf lkokrts bmh sueefh tk hftfreamf kvfrbcc pkrtikcak pfrikrebmlf. Ikr toas

bmbcysas, @cblgPklg iklusfh km tof ikcckwamn taef okrazkms4 2-yfbr, 0-yfbr,

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sbepcf km tof cbst twk trbmsatakms. Kvfrbcc, tof lkepkmfmt ekhfcs pfrikre wfcc kut-ki-sbepcf, am tobt tofrf as

kmcy b ekhfst hftfrakrbtakm am rbmg-krhframn lbpbàcaty. Xof kmf fxbepcf tobt accustrbtfs b cbrnf hrkp lbm `f

fxpcbamfh `y tof iblt tobt tofrf as cattcf vbrabtakm am tof kut-ki-sbepcf hbtbsft ikr toas ekhfc tk tfst.

Ianurf

Nrkup @ @bmgs, 6 rfpkrtfh okchamn rfsahfmtabc ckbm fxpksurfs4 Bttalb, Zbmfccamab, Zrk`bmg, Zrktkm bmh XX.

@cblgPklg prkhulfh sueebry strbtaialbtakm tb`cfs ki tof hbtbsft bmh rfvafwfh tof gfy pkrtikcak lobrbltfrastals

bmh rasg hravfrs. Huf tk taef lkmstrbamts, tofsf rfpkrts wfrf mkt sfpbrbtfcy sobrfh wato tof Nrkup @ @bmgs.

Okwfvfr, fblo ki tof Nrkup @ @bmgs wbs bsgfh tk suèat `bsal `bcbmlf rflkmlacabtakm hbtb, amlcuhamn

sueebry tb`cfs lkmtbamamn gfy hbtb iafchs sulo bs Lurrfmt Iumhfh @bcbmlf bmh pfrlfmtbnf ki Mkm-Zfrikreamn

Ckbms, tk bah @cblgPklg am loflgamn tof nfmfrbc bllurbly ki hbtb iacf `famn bmbcysfh.

ôfrf mflfssbry, @cblgPklg lkeeumalbtfh wato fblo @bmg tk sffg lcbraialbtakm rfnbrhamn spflaial

amlkmsastfmlafs kr ktofr assufs ahfmtaiafh y @cblgPklg. Xofsf lkmlfrms wfrf bhhrfssfh `y tof @bmgs tk tof

fxtfmt prbltalbc am navfm tof lkeprfssfh taef irbef huramn woalo toas bmbcysas wbs lkmhultfh.

B strbtaialbtakm ki bcc Pfsahfmtabc Ekrtnbnf fxpksurfs blrkss tof iucc spfltrue ki Nrkup @ @bmgs as sokwm

`fckw.

Bssft Lcbss Xrbmsatakm(s) \bepcf2 Lkmlkrhbmlf Amhfx0

Pfsahfmtabc Ekrtnbnfs Zrk`(Lurrfmt-=Hfcamqufmt kr Hfibuct) Iucc \bepcf >0.9%

Pfsahfmtabc Ekrtnbnfs Zrk`(Lurrfmt-=Hfcamqufmt kr Hfibuct) Am-\bepcf >0.8%

Pfsahfmtabc Ekrtnbnfs Zrk`(Lurrfmt-=Hfcamqufmt kr Hfibuct) Kut-ki-\bepcf >0.>.1%

Pfsahfmtabc Ekrtnbnfs Zrk`(Hfcamqufmt-=Lurrfmt) Am-\bepcf >?.?%

Pfsahfmtabc Ekrtnbnfs Zrk`(Hfcamqufmt-=Lurrfmt) Kut-ki-\bepcf 99.:%

Pfsahfmtabc Ekrtnbnfs Zrk`(Hfcamqufmt-=Hfibuct) Iucc \bepcf 99.9%

Pfsahfmtabc Ekrtnbnfs Zrk`(Hfcamqufmt-=Hfibuct) Am-\bepcf 9?.2%

Pfsahfmtabc Ekrtnbnfs Zrk`(Hfcamqufmt-=Hfibuct) Kut-ki-\bepcf 92.?%

Pfsahfmtabc Ekrtnbnfs Zrk`(Hfibuct-=Lurrfmt kr Hfcamqufmt) Iucc \bepcf ?

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Ianurf 0 0 6,:9< 6,161

Lurrfmt (:-?1 HZH, %) >:.? >2.8 10.> 16.> ?6.> ?8.8

Hfcamqufmt (1:- 1.9

Hfibuctfh (.? 2>.: 0.2 :.0 8.> 6.1

Bhdustfh 1:+ HZH2(%) 01.8 86.9 02.9 0 0>.? 8.9 1.2 2:.0

Ekhaiafh, Lurrfmt (:-?1 HZH, %) :.< 2>.2 0>.9 8.8 >.< >.6

Ekhaiafh, Hfcamqufmt (1:+ HZH, Hfmkumlfh %) 22.9 8.9 :.0 :.< 2.? 0.>

Mue`fr ki @krrkwfrs (G) 6.> :.? 0.> :.< 16.: 2:8.6

Mue`fr ki Ckbms (G) >.0 :.? :.6 2.? ?>.2 98.: 81.9

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Lkmsuefr Ckbms

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Hftbacfh sueebrafs ki tof Lkmsuefr Ckbm pkrtikcak `y vbrakus rasg eftrals

\lofhucf ki oastkralbc pbyefmt stbtus

Ckbm umhfrwratamn bmh lrfhat bpprkvbc hkluefmtbtakm

@bmg krnbmasbtakmbc strulturf ikr Lkmsuefr Ckbm umhfrwratamn, ckbm sfrvalamn, bmh pbyefmt lkccfltakm

hfpbrtefmt Hfslraptakm ki spflabcasfh Lkmsuefr Ckbm prkhults

Ai bmy amikrebtakm wbs umlcfbr kr amlkepcftf irke tof huf hacanfmlf sfssakms kr hbtb su`eass akms, @cblgPklg


wofrf mflfssbry.

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Ianurf 4 Hbtb Nbp Bssueptakms bmh Pfcbtfh Lbclucbtakms

Eassamn Iafch Hbtb Bssueptakms

Kranambtakm hbtf Bssuefh @bmgs ^B \fbskmamn Xfre

Zkstbc lkhf Bssanmfh tk Nfknrbpoal Cklbtakm "Ktofr" lbtfnkry

Fmh hbtf ikr ckbms \tacc am Ikr`fbrbmlf Bssanmfh tk @bmg's ^B Ikr`fbrbmlf Fmh Hbtf

Fmh hbtf ikr ckbms \tacc am AK Bssanmfh ckbm ebturaty hbtf bs AK fmh hbtf

Ebturaty hbtfBssanmfh ebturaty hbtf `bsfh km taef samlf kranambtakm hbtf bmh ckbm

rfebamamn tfre

Ekhaialbtakm icbn eassamn Bssuefh ckbm w bs mkt Ekhaiafh

Ekhaialbtakm hbtf Bssuefh @bmgs ^B \fbskmamn Xfre ikr Ekhaiafh ckbms

Lurrfmt amtfrfst rbtf Bssanmfh @bmg's ^B amtfrfst rbtf `y prkhult typf

Amtfrfst rbtf typf Bssanmfh tk Ickbtamn

Fepckyefmt typf Lbtfnkrasfh amtk oano-cfvfc lbtfnkr afs `y @cblgPklg

Nfknrbpoal cklbtakm (`bsfh km Zkstbc Lkhf)Bssanmfh `bsfh km lke ambtakm ki bvbacb`cf hbtb am lkccbtfrbc bmh

`krrkw fr hbtb iacfs (Btofms, Xofssbckmaga, Ktofr)

Am bhhatakm tk bssueptakms ebhf tk prkhulf b ekrf lkepcftf hbtbsft, @cblgPklg bcsk hfvfckpfh mfw iafchs

torkuno bhdustamn bmh suppcfefmtamn @bmg-prkvahfh hbtb. Xofsf bhhatakmbc iafchs fxpbmhfh tof cast ki pkrtikcak

lobrbltfrastals bvbacb`cf tk @cblgPklg ikr iurtofr bmbcysas, bmh amlcuhf tof ikcckwamn.

Lbclucbtfh Iafchs Lbclucbtakm

\fbskmamn tfre

Ikr ckbms tobt obvf mkt `ffm Ekhaiafh, haii frfmlf `ftw ffm

kranambtakm hbtf bmh

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`bcbmlf (06% ki tof tktbc), bmh Bcpob as tof sebccfst lkmstatufmt, wato b FVP 6.: @M iumhfh `bcbmlf,

rfprfsfmtamn 02% ki tof umavfrsf.

Ianurf

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Lkccbtfrbc) am rfcbtakm tk lrfhat pfrikrebmlf. Xof ikcckwamn twk tb`cfsam tof Ianurf `fckw sokw b sahf-`y-sahf

lkepbraskm ki ckbm lobrbltfrastals bmh rasg eftrals ki tof Lkmsuefr Ckbm umavfrsf `y ckbms sflurfh `y

tbmna`cf lkccbtfrbc bmh umsflurfh fxpksurfs.

Ianurf 8:4 Lkmsuefr Ckbm \trbtaialbtakms

Xof tb`cf `fckw sokws strbtaialbtakms ki ckbms sflurfh `y tbmna`cf lkccbtfrbc

Xof tb`cf `fckw sokws strbtaialbtakms ki ckbms tobt brf mkt sflurfh y tbmna`cf lkccbtfrbc

Irke tof b`kvf strbtaialbtakms, tof ikcckwamn k`sfrvbtakms lbm `f ebhf4

Ckbms sflurfh `y tbmna`cf lkccbtfrbc wfrf nfmfrbccy cfss cagfcy tk f 1:+ HZH (.?%) lkepbrfh

tk umsflurfh ckbms (20.6%)

Bcpob Furk`bmg M@N ZarbfusNrkup B

Xktbc

Nrkup B

Bvn.

Zkrtikcak Fxpksurf Iumhfh (FVP EE) 92> 0,692 9>: 2,6?8 6,8:.< >8.< 90.> 96.8

Hfcamqufmt (1:-2>1 HZH, %) 2.<

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EE ki lurrfmt iumhfh `bcbmlf blrkss

bpprkxaebtfcy 0:8 G ckbms. M@N bmh Furk`bmg tknftofr bllkumtfh ikr kvfr 9:% ki toas `bcbmlf, woacf Zarbfus

bllkumtfh ikr 02% bmh Bcpob 2?%.

Pfcbtavf tk ktofr bssft lcbssfs, 1:+ HZH rbtaks wfrf rfcbtavfcy ckw bt 01.1%, bctokuno tofrf wbs vbrabmlf

blrkss tof @bmgs. Am lkepbraskm tk Ktofr Lkmsuefr Ckbms, ckss eatanbtakm bltavaty wbs rfcbtavfcy eutfh bt

?.1 >:.> 60.< >:.:

Hfcamqufmt (1:-2>1 HZH, %) :.1 :.? .1

2?:+ HZH (%) 2?.< :.9 :.2 :.?

Hfmkumlfh (%) 6.< 21.> 06.? 88.8 08.0

Bhdustfh 1:+ HZH2(%) 08.9 02.2

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Ianurf 804 Kvfrvafw ki Nrkup B @bmg Pfvkcvamn Ckbm Zkrtikcaks

Xof Nrkup B @bmg Pfvkcvamn Ckbm umavfrsf fmlkepbssfh FVP ?.> @M ki lurrfmt iumhfh `bcbmlf blrkss

bpprkxaebtfcy .2 2:0.8

2. Bhdustfh 1:+ HZH eftral amlcuhfs ckbms 1:+ HZH kr ckbms w oalo brf Lurrfmt bmh obvf `ffm ekhaiafh

Zfrikrebmlf \tbtus

Ckss Eatanbtakm

0. \fbskmamn tfre as hfiamfh bs ekmtos s amlf ekhaialbtakm hbtf ikr ekhaiafh ckbms bmh ekmtos samlf kr anambtakm ikr mkm-ekhaiafh ckbms

Ckbm Lobrbltfrastals

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Ianurf 8% ki tof tktbc iumhfh

fxpksurf.

Xof prfvbcfmlf ki ckss eatanbtakm bltavaty vbrafh sanmaialbmtcy bekmn tof @bmgs, pbrtalucbrcy ikr Bcpob, ikr woalo

kmcy 29.8% ki Ktofr Lkmsuefr Ckbms wfrf lcbssaiafh bs Ekhaiafh lkepbrfh tk 81.:% bt M@N bmh 8

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Xof slkpf Lcbytkms bssanmefmt amlcuhfhprkvahfh tof ikcckwamn sfrvalfs4

Pfvafw ki ckbm iacfs amlcuhamn4k Bppcalbtakm Ikre

k Butokrasfh @rkgfr loflgs, bs

bppcalb`cf

k GQL hkluefmtbtakm

k Lrfhat \fbrlo/\lkrf w ofrf bppcalb`cfbmh Xfarfsabs loflg

k Lkmiarebtakm ki amlkef

k HXA lbclucbtakm

k Hf t XrbmsifrCbst ekmtocy stbtfefmt ikr

trbmsifrrfh ckbms

k Vmhfrwratfr mktfs ai bmydustai albtakm ki hflasakmai kutsahf cfmhamn lratfrab bmh nuahfcamfs

Ckbm fvbcubtakm bmh nrbhamn bssfssefmt

Pfpkrtamn

\bep cf \fcfltakm

Ckbm sbepcfs wfrf hftfreamfh torkuno prf-hfiamfh lratfrab bs wfcc bs rbmhke sfcflt akm. Ikr fblo Nrkup B

@bmg, ckbm sbepcfs lkmsastfh ki 26 lkmsuefr bmh 6 lrfhat lbrhs fxpksurfs.

Xof ckbm bcbmlfs rfvafwfh blrkss tof 8 Nrkup B Zbrfmt @bmgs bmh rflfmtcy blquarfh Nrkup @ @bmg fmtatafs

brf bs ikcckws.

Ianurf 884 Ckbm @bcbmlfs Pfvafwfh am \bepcfs

@bmgMue`fr ki iacfs

rfvafwfh

Kutstbmhamn

`bcbmlf

(FVP EE)

Zbrfmt Fmtatafs ?: 2.:

2. Amlcuhfs @bmg ki Lyprus, Lyprus Zkpucbr @bmg bmh Ofccfmal @bmg

Pfvafw Zrklfss

Lcbytkm prkvahfh nrbhfs ikr fblo ckbm rfvafwfh km twk hastamlt efbsurfs4

2. Lratfrab Nrbhf - efbsurfs lkepcabmlf wato stbtfh umhfrwratamn nuahfcamfs am fiiflt bt ckbm kranambtakm,bllkumtamn ikr bmy eatanbtamn ibltkrs tobt eby kiisft bmy nuahfcamf fxlfptakms.

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Lratfrab Nrbhf Lratfrab Nrbhf Hfslraptakm

BMk fxlfptakms tk nuahfcamfs kr kranambtakm hkluefmts w frf mktfh. Xof ckbm

w bs lkmsahfrfh tk f umhfrw rattfm am bllkrhbmlf w ato nuahfcamfs

@

Eamkr fxlfptakms tk nuahfcamfs kr hkluefmts w frf mktfh. Okw fvfr, tof

mbturf ki tof fxlfptakms w bs sulo tobt tof ckbm w kuch `f lkmsahfrfh ambhofrfmlf w ato pkcaly

LKmf kr ekrf ebtfrabc fxlfptakms tk nuahfcamfs kr hkluefmts w frf mktfh.

Okw fvfr tof ckbm obh eatanbtamn kr lkepfmsbtamn ibltkrs tobt w kuch ebgftof ckbm hffefh bs bm bllfptb`cf rasg

H

Kmf kr ekrf ebtfrabc fxlfptakms tk nuahfcamfs kr hkluefmts w frf mktfh.

Xofrf w frf amsuiialafmt eatanbtamn kr lkepfmsbtamn ibltkrs tk kii sft tof

fxlfptakms, bmh tof nrbmtamn ki ckbm w kuch obvf `ffm lkmsahfrfh bt b cfvfc kirasg kutsahf ki pkcaly

0. Lkmsuctbmt Nrbhf - kvfrbcc nrbhf efbsuramn woftofr ckbm kranambtakm stbmhbrhs lkmikre tk nfmfrbccybllfptfh cfmhamn prbltalfs bhkptfh `y b pruhfmt cfmhfr.

Lkmsuctbmt Nrbhf Lkmsuctbmt Nrbhf Hfslraptakm

B

Mk fxlfptakms tk nfmfrbccy bllfptfh prbltalf `y pruhfmt Pfsahfmtabc Ekrtnbnf /

lkmsuefr cfmhfrs ki cagf prkhult w frf mktfh. Xof ckbm w bs lkmsahfrfh tk `f

bllfptb`cf.

@

Eamkr fxlfptakms tk nfmfrbccy bllfptfh prbltalfs w frf mktfh. Okw fvfr, tof

mbturf ki tof fxlfptakms w bs sulo tobt tof ckbm w kuch `f lkmsahfrfh

bllfptb`cf `y pruhfmt rfsahfmtabc lkmsuefr cfmhfrs ki cagf prkhult am tofebrgft.

L


Okw fvfr tof ckbm obh eatanbtamn kr lkepfmsbtamn ibltkrs tobt w kuch obvf

bcckw fh pruhfmt rfsahfmtabc lkmsuefr cfmhfrs ki cagf prkhult am tof ebrgft tk

lkmsahfr tof ckbm tk `f bllfptb`cf km `bcbmlf.

H

Kmf kr ekrf ebtfrabc fxlfptakms tk nfmfrbccy bllfptfh prbltalfs w frf mktfh.Xofrf w frf amsuii alafmt eatanbtamn kr lkepfmsbtamn ibltkrs tk kii sft tof

fxlfptakms bmh tof ckbm w kuch `f lkmsahfrfh umbllfptb`cf `y pruhfmt cfmhfrs

am tof ebrgft.

\uee bry Iamh amns

Xof rfsucts ki tof Kranambtakm bmh Vmhfrwratamn CIP brf sokwm am tof Ianurf `fckw. Pfvafwfrs hah mkt obvf

pkcaly kr prklfhurf ebmubcs ikr XX bt tof taef ki tof rfvafw bmh tofrfikrf lkuch mkt bssanm Lratfrab Nrbhfs ikr

toas @bmg.

Ianurf 864 Lkmsuefr Kranambtakm bmh Vmhfrwratamn Ckbm Iacf Pfvafw Pfsucts

Lratfrab Nrbhfs (% ki Ckbm Lkumt) Lkmsuctbmt Nrbhfs (% ki Ckbm Lkumt)

B @ L H B @ L H

Bvfrbnf ki

Zbrfmt @bmgs 99% 0:% 6% 1%

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Cfss tobm 9:% ki tof sbepcf ckbms rflfavfh b Lkmsuctbmt Nrbhf ki fatofr B kr @, `famn umhfrwrattfm am

bllkrhbmlf wato pruhfmt cfmhamn stbmhbrhs, woacf 0?% ki tof sbepcf rflfavfh b Lkmsuctbmt Nrbhf ki H ikr

obvamn `ffm kranambtfh wato fxlfptakms tobt wfrf kutsahf ki nfmfrbccy bllfptfh prbltalfs. Mktb`cy, Lkmsuefr

ckbm iacfs slkrfh oanofr nrbhfs tobm Pfsahfmtabc Ekrtnbnf ckbms `kto am tfres ki bhofrfmlf tk

lratfrab/nuahfcamfs bmh am tfres ki ikcckwamn prbltalfs bllfptb`cf `y pruhfmt cfmhfrs ki saeacbr prkhults.

Lcbytkm mktfh sfvfrbc fxlfptakms huramn tof ckbm iacf rfvafws, bmh bssanmfh nrbhfs `bsfh upkm tofsf

fxlfptakms. Xofrf wfrf ? lbtfnkrafs ki sulo fxlfptakms, woalo brf c astfh fckw, bckmn wato tofar hfslraptakms4

Amlkef bmh biikrhbàcaty4 amlkef mkt vfraiafh kr fepckyefmt stbtus/taef am dk` umgmkwm ikr `krrkwfr

bmh/kr lk-`krrkwfr bmh/kr nubrbmtkr, HXA caeat fxlffhfh, HXA lbclucbtfh `y lkmsuctbmt fxlffhs caeat,ktofr amlkef/biikrhbàcaty assuf

Lrfhat sfbrlo4 bhvfrsf sokwamn km lrfhat sfbrlo (`cblg bmh/kr woatf Xfarfsabs), prf-bpprkvbc sfbrloeassamn, sflkmhbry sfbrlo prakr tk lkepcftakm eassamn, lrfhat sfbrlo bpprkvbc eassamn, ktofr lrfhatsfbrlo assufs

Gmkw Qkur Lustkefr (GQL)4 sanmbturfs bmh/kr hbtf ki àrto hkfs mkt ebtlo blrkss hkluefmts, AH

assufs, prkki ki bhhrfss eassamn

Lkmsuefr ckbms4 lkmsuefr ckbm purpksf assuf

Bppcalbtakm4 bppcalbtakm mkt sanmfh kr kuthbtfh (kvfr 9 ekmtos), `krrkwfr(s)/nubrbmtkr bnf assuf, hf`t

trbmsifr hkluefmts eassamn, nubrbmtkr rfcbtakmsoap umgmkwm, ebratbc stbtus rfcbtfh assufs, mkm-haslcksfh amlkef assufs, kch bllkumt lkmhult mkt bssfssfh, kr mkt prkpfrcy bssfssfh

Lkmtrblt bmh cfnbcs4 assufs wato bhhrfss ki cafms, lkrrflt lrfhat bnrffefmt assufs, ktofr lkmtrblt krcfnbc assufs

Butk ckbms4 lbr amvkalf eass amn

Huramn tof iacf rfvafw, 6

Lrfhat \fbrlo 22 80 61 HZH) huf tk

eassfh pbyefmts, kr7

Fstb`casofh `krrkw fr umw accamnmfss kr ambàcaty tk lkmtamuf

sbtasiyamn ckbm tfres eby lbusf fxpfhatfh trbmsatakm amtk

Hfibuct, kr7

@flkef i uccy pbah hkw m (prfpbah), am w oalo lbsf, tof

`krrkw fr obs loksfm tk sbtasiy tof tktbc `bcbmlf ki tof ckbm

`y pbyamn bcc bekumts kw fh

Bhhatakmbccy, `ftw ffm tbmh t+2, ktofr fxpksurfs am tof ktofr ckbm

stbtfs sulo bs Hfcamqufmt bmh Hfibuct, eby fxpfrafmlf tofar kw m

trbmsatakms, hravfm `y fxpksurf-spflai al ibl tkrs bmh fxtfrmbc

vbrab`cfs

Xof qubrtfrcy trbmsatakm ebtralfs usfh tk prkdflt tof cagfcaokkh ki ckbms ekvamn `ftwffm tofsf stbtfs (bs

amikrefh `y tof stbtastalbc rfcbtakmsoaps bmh rasg hravfrs) wfrf lkeàmfh wato b lbsoickw cknal tobt fepckys


Ianurf 664 Lkmsuefr ckbm ekhfc fxpcbmbtkry vbrab`cfs bmh amtfrlfpts

Xof ekst aepkrtbmt vbrab`cfs am fxpcbamamn tof prk`bàcaty ki hfibuct (ZH) ikr tof Lkmsuefr bssft lcbss brf (b)

tof lurrfmt stbtus ki tof ckbm, (`) tof ekhaialbtakm stbtus bmh, (l) tof eblrkflkmkeal vbrab`cfs.

Ekhaialbtakm icbns4 @krrkwfrs wok obvf fxpfrafmlfh b tfepkrbry kr pfrebmfmt rfhultakm am tofar

lbpblaty tk sfrvalf tofar ckbm pbyefmts brf lkeekmcy kiifrfh b ekhaialbtakm tk tofar ckbm tfres `y tofar

cfmhfr. Am krhfr ikr tofsf tk `f lkmsahfrfh sustbamb`cf, tof befmhfh tfres sokuch rfprfsfmt bm

biikrhb`cf skcutakm ikr tof `krrkwfr. Haiialuct afs brasf wofm @bmgs prkvahf sokrt -tfre skcutakms tk

`krrkwfrs wato pfrebmfmtcy haeamasofh pbyefmt lbpblaty, woalo rfsucts am oano rf-hfibuct rbtfs

Lurrfmt ckbm lkupkm4 Xof lurrfmt lkupkm/amtfrfst rbtf (cfvfc) pbah `y b `krrkwfr km b ckbm. Oanoamtfrfst rbtfs nfmfrbccy rfhulf ckbm biikrhbàcaty, bmh amlrfbsf tof cagfcaokkh ki b hflcamf am `krrkwfr

lrfhat pfrikrebmlf. Bhhatakmbccy, tof amtfrfst rbtf cfvfc bt tof taef ki kranambtakm eby `f lkmsahfrfh b

gfy lrfhat rasg amhalbtkr, bs cfmhfrs typalbccy lobrnf oanofr amtfrfst rbtfs tk rasgafr `krrkwfrs bt

kranambtakm

Lurrfmt ckbm lkupkm as tof ekst sanmaialbmt hymbeal vbrab`cf ikr tof ekhfc oanocanotfh b`kvf

\fbskmamn (kr Ckbm bnf)4 Hfiamfh bs tof bekumt ki tof taef tobt tof ckbm obs `ffm kutstbmhamn.

\fbskmamn tfmhs tk obvf b mkm-ekmktkmal rfcbtakmsoap wato lrfhat pfrikrebmlf. Bt bmh brkumh tof taef

ki ckbm kranambtakm, `krrkwfr iambmlabc lbpblaty, flkmkeal lkmhatakms, bmh ckbm tfres (sulo bs lkupkm,

ekmtocy amstbcefmt sazf, ftl.) brf bcc typalbccy wfcc-bcanmfh, rfsuctamn am b ckw cagfcaokkh ki qualg

hftfrakrbtakm am lrfhat pfrikrebmlf. Kvfr taef, bs tof lkmhatakms lobmnf, tof lueucbtavf ùrhfm ki

pfrakhal ckbm k`canbtakms, lobmnamn `krrkwfr iambmlabc lbpblaty bmh flkmkeal lkmhatakms amlrfbsfs tofcagfcaokkh tobt skef ckbms bnf amtk hfcamqufmly, bmh hfibuct. Cbtfr am tof ckbm caif lylcf, amlrfbsfh

sfbskmamn tfmhs tk hravf hkwm prkpfmsaty tk `flkef hfcamqufmt bmh tk hfibuct. Xof lkeàmbtakm ki

tofsf hymbeals aepcy b ouep-sobpfh sfbskmamn-vfrsus-hfcamqufmly/hfibuct lurvf

Am(Ckbm Bnf + 2) bmh Ckbm Bnf brf tof 0mhbmh 8toekst sanmaialbmt hymbeal vbrab`cfs ikr tof ekhfc

oanocanotfh b`kvf

Vmfepckyefmt4 Xof lobmnf am umfepckyefmt as bmktofr rfcfvbmt efbsurf ki lurrfmt flkmkeal

lkmhatakms, bs at lbm rfsuct am b sanmaialbmt soklg tk b `krrkwfr's bàcaty tk pby, am turm biifltamn tof

pfrikrebmlf ki Lkmsuefr Ckbms. Bs sokwm am tof tb`cfs b`kvf, @cblgPklg k`sfrvfh b pksatavf

lkrrfcbtakm ftwffm lobmnf am umfepckyefmt cfvfcs bmh trbmsatakm prk`b acatafs amtk wkrsf ckbm stbtfs

NHZ4@cblgPklg ikumh tobt tof lobmnf am tof cfvfc ki flkmkeal bltavaty bs efbsurfh `y Pfbc NHZ as b

ibltkr am fxpcbamamn tof pfrikrebmlf ki Lkmsuefr Ckbms blrkss bcc hfcamqufmly ùlgfts. @cblgPklgusfh tof yfbr-km-yfbr lobmnf am rfbc NHZ tk sekkto sfbskmbcaty fiiflts. NHZ nrkwto obs b pksatavf

fiiflt km luramn trbmsatakms bmh b mfnbtavf fiiflt km trbmsatakms tk wkrsf pfrikreamn stbtfs

Zrk` (Lurrfmt-=Hfcamqufmt)

Mkm-Ekhaiafh Ckbms

Ibltkr

Pbmg2Harfltakm ki

Lkrrfcbtakm

Loa-\qubrf

\tbtastal0 \anmaialbmlf

Ckbm Lkupkm 2 + 1, 2%

Iaxfh Lkupkm (:,2) L + 2,:20.8 2%

Nrffm Ckbm (:,2) F - 6>?.0 2%

@krrkw fr Cklbtakm Lbtfnkrafs I hfpfmhfmt km lbtfnkry 2>>.0 2%

Nkvfrmefmt Nubrbmtffh Ckbm (:,2) N + 1:.> 2%

Amtfrfst Kmcy Ckbm (:,2) O - 1.< 2%

2. Lkmtamukus vbrab`cf rbmg hfmktfh am muefralbc krhfr7 lbtfnkralbc vbrab`cf rbmg hfmktfh am bcpob`ftalbc krhfr

0. Ikr lbtfnkralbc vbrab`cfs w ato m=0 lbtfnkrafs, tof ebxaeue Loa-\qubrfh stbtastal ki tof amvavahubc fiifl ts as

rfpkrtfh, rfprfsfmtamn b ckwfr `kumh ki tof dkamt sanmaialbmlf ki tof lke amfh lbtfnkrafs

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Iaxfh-rbtf4 Xof iaxfh-rbtf ibltkr nfmfrbccy tfmhs tk rfhulf tof cagfcaokkh ki lrfhat hftfrakrbtakm, bs ckbm

pbyefmts brf gmkwm kvfr taef. Xoas lkmtrbsts wato tof vbrabàcaty ki ickbtamn-rbtf prkhults, wofrf

umbmtalapbtfh bmh pktfmtabccy cbrnf amlrfbsfs am rfquarfh ckbm amstbcefmts eby prkvf umsustbamb`cf ikr

tof `krrkwfr. Cfmhfrs typalbccy lobrnf iaxfh amtfrfst rbtfs tk `krrkwfrs hffefh bs ckw rasg, sk tk skef

fxtfmt, tof iaxfh-rbtf amtfrfst rbtf typf eby `f lkmsahfrfh bs bm amhalbtkr ki ckw lrfhat rasg

Ckss \fvfraty E khfcc a mn

Huramn tof BRP huf hacanfmlf prklfss bmh torkuno tof hftbacfh strbtaialbtakm bmh stbmhbrhasbtakm ki tof @bmg

prkvahfh lkccbtfrbc tbpfs bmh ckbm tbpfs, @cblgPklg vfraiafh ats umhfrstbmhamn ki tof @bmgs lkmsuefr cfmhamn

prkhults bmh tof qubcaty ki tof bssklabtfh lkccbtfrbc.

Bs pbrt ki tof prklfss, @cblgPklg rfqufstfh tobt tof @bmgs amlcuhf hftbacs ki tofar rflkvfry fxpfrafmlf km

haiifrfmt lkccbtfrbc typfs bmh su`sfqufmtcy haslussfh toas am hftbac wato tof @bmgs huramn tof BRP huf hacanfmlf

efftamns. Xof @bmgs bcsk prkvahfh hftbacs ki bssueptakms utacasfh am tofar amtfrmbc `fobvakurbc ekhfcs, wofrf

bppcalb`cf, rfcbtfh tk tof lkccbtfrbc suppkrtamn tofar lkmsuefr cfmhamn prkhults. @cblgPklg iurtofr pfrikrefh bm

bmbcysas ki hftbacfh hbtb prkvahfh `y Lrfhalke am rfcbtakm tk rflkvfry fxpfrafmlf am tofar butk iambmlamn

ùsamfss.

@cblgPklg rfvafwfh tof @bmg suèassakms bmh stbtfefmts bmh lkepbrfh tofe tk rfsfbrlo km sfvfratafs bmh

rflkvfrafs fxpfrafmlfh am strfssfh fmvarkmefmts am ktofr durashaltakms. @cblgPklg saeacbrcy bmbcysfh okw

sfvfratafs bmh rflkvfrafs hfvfckp kvfr taef bs flkmkeal fmvarkmefmts aeprkvf. @cblgPklg bcsk amlkrpkrbtfh

stbmhbrh bssueptakms usfh am ekhfccamn rasg lkccbtfrbcasfh `y tofsf lkccbtfrbc typfs.

Bs b rfsuct ki toas prklfss, @cblgPklg hfravfh ckss sfvfraty bssueptakms ikr Lkmsuefr Ckbms, bs prkvahfh am

tof tb`cf `fckw.

Ianurf 694 Lkmsuefr Ckbms Ckss \fvfraty Bssueptakms

Ckss \fvfraty Bssueptakm

Lkmsuef r Zrkhult Xypf @bsf Lbsf Bhvfrsf Lbsf

Butkektavf Ckbms 66% 96%

Pfvkcvamn Ckbms ?:% 1:%

Ktofr Lkmsuefr Ckbms4 Vmsflurfh ?:% 1:%

Ktofr Lkmsuefr Ckbms4 \flurfh >6% ?6%

Ktofr Lkmsuefr Ckbms4 Ekrtnbnf @blgfh >6% ?6%

Ktofr Lkmsuefr Ckbms4 Nrffm

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tof amhavahubc ckbms at su`suefs. Ikr fxbepcf, tof tktbc `bcbmlf ki b lkokrt as tof sue ki bcc ckbm `bcbmlfs

watoam tobt lkokrt, woacf tof lkrrfspkmhamn lkupkm ki tobt lkokrt `flkefs tof `bcbmlf-wfanotfh bvfrbnf ki ats

amhavahubc lkmstatufmts.

Fblo ki tofsf lkokrts wbs lkmstrultfh bsfh km bttraùtfs tobt earrkr tof fxpcbmbtkry vbrab`cfs amIanurf 6>.

B smbpsokt ki tof lkokrtamn cknal usfh ikr toas ekhfc as sokwm am tof Ianurf `fckw.

Ianurf 6>4 Lkokrtamn wbtfribcc4 sfcfltfh lratfrab

Lkokrtamn as nfmfrbccy bm atfrbtavf prklfss, am woalo b sft ki lratfrab `fcafvfh tk obvf strkmn prfhaltavf

rfcbtakmsoaps wato ckbm pfrikrebmlf (bs amikrefh `y hbtb strbtaialbtakms bmh prfcaeambry rfnrfssakm bmbcysfs) as

sfcfltfh, aepcfefmtfh, bmh tfstfh umtac suiialafmt kpfrbtakmbc fiialafmly, su`dflt tk tof lkmstrbamt ki prfsfrvamn

ekhfc bllurbly torkuno hbtb nrbmucbraty, as bloafvfh. Am toas rfnbrh, tof cfss nrbmucbr tof lkokrts, tof cfss

kpfrbtakmbccy ùrhfmskef ekhfc fxflutakm flkefs. Okwfvfr, lkokrts sokuch mkt `f tkk cuepy, bs rfcfvbmt

(ùt rfcbtavfcy mubmlfh) fxpksurf lobrbltfrastals eby mkt `f amlkrpkrbtfh huf tk tof bvfrbnamn prklfss tobt

lkokrt lkmstrultakm fmtbacs, tofrf`y haeamasoamn tof fxpcbmbtkry lkmtraùtakms ki tofsf bttraùtfs bmh

dfkpbrhasamn kutput bllurbly. Bcsk, cuepy lkokrts wacc nfmfrbtf lkmvfxaty àbsfs tobt eby aepblt ekhfc

bllurbly am umfxpfltfh wbys.

Xk nft bm bnnrfnbtf vafw ki ckssfs ikr tof fmtarf pkrtikcak, amhavahubc lkokrt rfsucts, bs prkhulfh `y tof ekhfc,wfrf sueefh.

\tfp 8 ki 64 Ekhfc Bssueptakm-\fttamn

Amstatutakmbc gmkwcfhnf nbrmfrfh torkuno huf hacanfmlf rfvafws bmh kmnkamn @bmg lkrrfspkmhfmlf, bs wfcc bs

spflaial ebrgft amtfccanfmlf fxfrlasfs, iblacatbtfh tof hfvfckpefmt bmh bppcalbtakm ki amikrefh bssueptakms tobt

wfrf lrulabc tk tof iambc kpfrbtakm ki tof Lkmsuefr Ckbm ekhfc. Xofsf bssueptakms rfcbtfh tk ckbm `fobvakur,

@bmg prbltalfs, bmh prkdfltakms rfnbrhamn tof eblrkflkmkeal vbrab`cfs.

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>: | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

Ikrwbrh Ckkg amn Flkmke al B ssue pt akms

@cblgPklg utacasfh eblrkflkmkeal ikrflbsts prkvahfh `y tof @bmg ki Nrfflf ikr ibltkrs sulo bs

umfepckyefmt, NHZ, bmh amtfrfst rbtfs. Xof ikrwbrh pbtos ki tofsf vbrab`cfs, bs wfcc bs tofar rfcbtavf

trbdfltkrafs blrkss `kto tof @bsf bmh Bhvfrsf Lbsfs, wfrf gfy lkepkmfmts tk tof LCZ irbefwkrg watoam tof

Lkmsuefr Ckbm ekhfc. Xof ikrwbrh lurvfs amlkrpkrbtfh amtk tof ekhfc brf sokwm am \fltakm 2.8.

Caqua hbtakm Xae fc amf

Gfy bssueptakms wfrf ebhf wato rfspflt tk tof rfbcasbtakm ki Lkmsuefr Ckbm ckssfs bmh rflkvfrafs, wato tof

nkbc ki nbamamn bhhatakmbc lcbraty brkumh tof bvfrbnf wkrgkut pfrakh irke hfibuct tk caquahbtakm blrkss Lkmsuefr

Ckbm su`-bssft lcbssfs. Ikr Pfvkcvamn Ckbms bmh Butk Ckbms, @cblgPklg bssuefh tobt tof bvfrbnf wkrgkut

pfrakh irke hfibuct tk caquahbtakm as 0.6 yfbrs. Ikr Ktofr Lkmsuefr Ckbms, @cblgPklg bssuefh tobt tof

bvfrbnf wkrgkut pfrakh irke hfibuct tk caquahbtakm as `ftwffm < bmh 8 yfbrs. Xofsf taefcamfs wfrf amikrefh `y

tof BRP bmh XBP huf hacanfmlf prklfss, wofrf cfnbc wkrgkut wbs b gfy tkpal lkvfrfh wato tof @bmgs. Xofsf

taefcamfs wfrf vfraiafh torkuno fxtfrmbc rfsfbrlo km tof Nrffg ebrgft bmh ktofr rfcfvbmt durashaltakms bmh

torkuno haslussakm ki tof cfnbc prklfss wato cklbc Nrffg cfnbc fxpfrts.

Ktofr g fy ekhfc bssue ptak ms4

Fxpksurf bt hfibuct4 @cblgPklg lkmsahfrfh kmcy tof iumhfh bcbmlf ki Lkmsuefr ckbms

Hfcamqufmt ckbm pby rbtf4 Xof pfrlfmtbnf ki tof huf amstbccefmt tobt as pbah ikr hfcamqufmt

Lkmsuefr ckbms as bssuefh tk f 06%. Xoas wbs hftfreamfh irke tof oastkral hbtb prkvahfh y tof

@bmgs bmh as lkmsastfmt wato bssueptakms am ktofr durashaltakms

Hfibuctfh ckbm pby rbtf4 Hfibuctfh ckbms wfrf bssuefh tk pby mk amtfrfst kr pramlapbc

Zrfpbyefmt4 Butk Ckbms prfpby bt bm bmmubc rbtf ki 2%7 Ktofr Lkmsuefr Ckbms prfpby bt bm

bmmubc rbtf ki 2.6%

Pfvkcvamn ckbm bekrtasbtakm4 Pfvkcvamn ckbms brf bssuefh tk bekrtasf bt b rbtf ki 0.6% pfr ekmto

Pfvkcvamn pfrlfmtbnf4 Lurrfmt/Kpfm Pfvkcvamn ckbms brf bssuefh tk ebgf tofar eamaeuepbyefmts huf (0.6%) bmh su`sfqufmtcy rfhrbw 8:% ki tof prfvakus pfrakhs pbyefmt.

Lurrfmt/Lcksfh bmh Hfcamqufmt Pfvkcvamn ckbms brf bssuefh tk ebgf tofar eamaeue pbyefmts

huf (0.6%), wato mk su`sfqufmt rfhrbws. Hfibuctfh Pfvkcvamn ckbms brf bssuefh tk mkt ebgf tofar

eamaeue pbyefmts huf

Nkvfrmefmt-nubrbmtffh ckbms4 Ikr nkvfrmefmt-nubrbmtffh ckbms, ckssfs wfrf bssuefh tk f :%

\tfp 6 ki 64 Kutput Nfmfrbtakm

Fblo lkokrt wbs amhavahubccy rum torkuno tof ekhfc, usamn tof bnnrfnbtf bmh wfanotfh -bvfrbnf lobrbltfrastals

ki ats lkmstatufmts tk hftfreamf prkdfltakms ikr prfpbyefmt, hfibuct, hfcamqufmly, bmh ckss sfvfraty. Ekhfc

rfsucts wfrf bnnrfnbtfh blrkss tofsf lkokrts bmh sueefh tk hftfreamf kvfrbcc pkrtikcak pfrikrebmlf. Ikr toas

bmbcysas, @cblgPklg iklusfh km tof ikcckwamn taef okrazkms4 2-yfbr, 0-yfbr,

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>2 | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

tof Pfifrfmlf Hbtf), yfbrs 2, 0, bmh < (a.f. ikr bcbmlfs tobt trbmsat akm amtk 1:+ HZH bt bmy pkamt watoam 2, 0,

bmh < yfbrs, rfspfltavfcy), bmh caiftaef (ikr bcbmlfs tobt trbmsatakm amtk 1:+ HZH bt bmy pkamt amtk tof iuturf).

Xk prkvahf b sfmsf ki tof Nkkhmfss-ki-Iat ikr tof ekhfc lkepkmfmts lrfbtfh `y tof cknastal rfnrfssakm,

Lkmlkrhbmlf Amhalfs ikr vbrakus su`sbepcfs brf prkvahfh `fckw. Xoas s tbtastal efbsurfs tof rbmg-krhframn

lbpbàcaty ki prk`bàcastal lokalf ekhfcs. Ikr Butk bmh Ktofr Xfre ckbms, tof iucc sbepcf rfifrs tk tof ekhfc iat

tobt wbs tfstfh km tof iucc 6-yfbr hbtbsft bmh ikr Pfvkcvfrs, kmf iucc yfbr.

Xof am-sbepcf ekhfc wbs iat km tof hbtbsft torkuno tof fmh ki 0:20 ikr Butk ckbms bmh Ktofr Xfre ckbms , bmh

tof cbst twk trbmsatakms wfrf ofch kut. Ikr Pfvkcvamn ckbms, kmcy tof cbst trbmsatakm wbs ofch kut. Xofsf ekhfcs

wfrf tofm tfstfh km tof am-sbepcf hbtbsfts, bmh kut-ki-sbepcf km tof rfebamamn trbmsatakms. Kvfrbcc, tof

lkepkmfmt ekhfcs pfrikre wfcc kut-ki-sbepcf, am tobt tofrf as kmcy b ekhfst hftfrakrbtakm am rbmg-krhframn

lbpbàcaty.

Ianurf 6?4 Lkmsuefr Ckbms Am bmh kut-ki-sbepcf Xfst Pfsucts

Bssft Lcbss Xrbmsatakm(s) \bepcf2

Lkmlkrhbmlf Amhfx0

Butk Ckbms Zrk (Lurrfmt-=Hfcamqufmt) Iucc \bepcf >8.6%

Butk Ckbms Zrk (Lurrfmt-=Hfcamqufmt) Am-\bepcf >6.8%Butk Ckbms Zrk (Lurrfmt-=Hfcamqufmt) Kut-ki-\bepcf 99.8%

Butk Ckbms Zrk (Hfcamqufmt-=Lurrfmt) Iucc \bepcf 92.?%

Butk Ckbms Zrk (Hfcamqufmt-=Lurrfmt) Am-\bepcf 90.6%

Butk Ckbms Zrk (Hfcamqufmt-=Lurrfmt) Kut-ki-\bepcf 6?.0%

Butk Ckbms Zrk (Hfcamqufmt-=Hfibuct) Iucc \bepcf 9:.:%

Butk Ckbms Zrk (Hfcamqufmt-=Hfibuct) Am-\bepcf 6?.8%

Butk Ckbms Zrk (Hfcamqufmt-=Hfibuct) Kut-ki-\bepcf 6?.0%

Pfvkcvamn Ckbms Zrk`(Lurrfmt-=Hfcamqufmt) Iucc \bepcf 9:.:%

Pfvkcvamn Ckbms Zrk`(Lurrfmt-=Hfcamqufmt) Am-\bepcf 61.?%

Pfvkcvamn Ckbms Zrk`(Lurrfmt-=Hfcamqufmt) Kut-ki-\bepcf 9:.2%

Pfvkcvamn Ckbms Zrk`(Hfcamqufmt-=Lurrfmt) Iucc \bepcf 9:.8%

Pfvkcvamn Ckbms Zrk`(Hfcamqufmt-=Lurrfmt) Am-\bepcf 92.0%

Pfvkcvamn Ckbms Zrk`(Hfcamqufmt-=Lurrfmt) Kut-ki-\bepcf 68.>%

Pfvkcvamn Ckbms Zrk`(Hfcamqufmt-=Hfibuct) Iucc \bepcf 90.>%Pfvkcvamn Ckbms Zrk`(Hfcamqufmt-=Hfibuct) Am-\bepcf 9.9%

Xfre Ckbms Zrk`(Lurrfmt-=Hfcamqufmt kr Hfibuct) Kut-ki-\bepcf 99.9%

Xfre Ckbms Zrk`(Hfcamqufmt-=Lurrfmt) Iucc \bepcf 91.:.8%

Xfre Ckbms Zrk`(Hfcamqufmt-=Lurrfmt) Kut-ki-\bepcf 90.?%

Xfre Ckbms Zrk`(Hfcamqufmt-=Hfibuct) Iucc \bepcf >:.0%

Xfre Ckbms Zrk`(Hfcamqufmt-=Hfibuct) Am-\bepcf >:.0%

Xfre Ckbms Zrk`(Hfcamqufmt-=Hfibuct) Kut-ki-\bepcf 9>.8%

2. Ikr Butk Ckbms, bmh Xfre Ckbms, tof cbst tw k trbmsatakms w frf sft bsahf i kr kut-ki-sbepcf tfstamn. Ikr Pfvkcvamn ckbms, tof cbst

trbmsatakm wbs ofch kut. Xof "Iucc" \bepcf rfifrs tk tof lkepcftf hbtbsft, bmh tof ekhfc tobt wbs usfh i kr lkeputamn tof LCZs.

0. Xof Lkmlkrhbmlf Amhfx as k`tbamfh irke4 L 5 (ml+ :.6*(t - ml - mh))/t, wofrf ml5 # ki pbars lkmlkrhbmt, mh5 # ki pbars

haslkrhbmt, bmh t 5 # ki pbars w ato haii frfmt rfspkmsfs.

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>< | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

\ebcc @usamfss bmh Zrkifssakmbc Ckbms (\@Z)

8.2. \lkpf ki Bssft Rubcaty PfvafwBs ki

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Iucc-hby huf hacanfmlf sfssakms wfrf ofch wato ebmbnfefmt tfbes bt fblo Nrkup B @bmg tk lkvfr bcc \@Z

ckbms, woacf kmf-hby huf hacanfmlf sfssakms wfrf ofch tk hasluss `kto Pftbac bmh Lkeefrlabc bssft lcbssfs ikr

tof Nrkup @ @bmgs. Am bhhatakm tk tof b`kvf castfh PIA tkpals lkvfrfh huramn ebmbnfefmt prfsfmtbtakms,

@cblgPklg bcsk rfqufstfh tof ikcckwamn spflaial hkluefmtbtakm tk `f suèattfh `y fblo Nrkup B bmh Nrkup @

@bmg4



Hftbacfh sueebrafs ki tof \@Z ckbm pkrtikcak `y vbrakus rasg eftrals

\lofhucf ki oastkralbc pbyefmt stbtus

Ckbm umhfrwratamn bmh lrfhat bpprkvbc hkluefmtbtakm

@bmg krnbmasbtakmbc strulturf ikr \@Z ckbm umhfrwratamn, ckbm sfrvalamn , bmh pbyefmt lkccfltakm

hfpbrtefmt

Hfslraptakm ki spflabcasfh \@Z ckbm prkhults

ôfm amikrebtakm wbs umlcfbr kr amlkepcftf irke tof huf hacanfmlf sfssakms kr hbtb suèass akms, @cblgPklg


wofrf mflfssbry.

8.0. Zkrtikcak \trbtaialbtakms bmh Pasg Bmbcysas

Hbtb Lkccfltakm bmh Pfvafw

@cblgPklg hfvfckpfh b stbmhbrhasfh ckbm-cfvfc hbtb tfepcbtf tbackrfh tk Nrffg \@Z ckbms, woalo amlcuhfh kvfr

2

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Hbtb Bssue ptak ms

Ikcckwamn tof hbtb rflkmlacabtakm prklfss, skef hbtb hfialafmlafs rfebamfh, tof fxtfmt ki woalo vbrafh blrkss

@bmgs. Amlkepcftf kr amlkmsastfmt hbtb mflfssatbtfh, ikr ekhfccamn purpksfs, tof bppcalbtakm ki prbltalbc

wkrgamn bssueptakms am krhfr tk lkepcftf tof hbtbsft. Xofsf wkrgamn bssueptakms wfrf amikrefh `y

k`sfrvbtakms irke tof kvfrbcc hbtbsft, qubcatbtavf gmkwcfhnf fxtrbltfh irke tof BRP huf hacanfmlf sfssakms, bs

wfcc bs @cblgPklgs duhnefmt `bsfh km Nrffg-spflaial fxpfrafmlf.

Ianurf 9:4 \fcfltfh Hbtb Nbp Bssueptakms

Iafch Hbtb Bssueptakms

Kranambtakm hbtf eassamn Bssuefh @bmgs ^fanotfh Bvfrbnf \fbskmamn Xfre

Ebturaty hbtf eassamnBssuefh tk `f

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Ianurf 924 \fcfltfh Lbclucbtakms Zfrikrefh tk Fmobmlf Hbtb \ft

Lbclucbtakms Zfrikre fh Lbclucbtakm Eftokh

\fbskmamn tfre

Ikr ckbms tobt obvf mkt `ffm Ekhaiafh haii frfmlf `ftw ffmkranambtakm hbtf bmh tof bmbcysas rfifrfmlf hbtf ki

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>> | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

Ianurf 9

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>? | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

8.

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Lratfrab Xbrnft

Cklbtakm 2::% am Bttalb / Btofms brfb, amlcusavf ki su`ur`s (ikr prbltalbc rfbskms)

Fmtaty Xypf 6:% cfnbc fmtatafs

6:% poysalbc fmtatafs

Lkccbtfrbcasbtakm 9:% icbnnfh bs sflurfh `y @bmgs

Kranambtakm 0:% kranambtfh am 0:20 kr 0:29 ckbms (

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?: | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

Zfrikreamn. @cblgPklg/FQ bssfssefmt wbs huf tk tof `krrkwfrs mkt `famn am brrfbrs bmh, am skef ki tof

lbsfs, obvamn mfvfr eassfh b pbyefmt amstbccefmt. @cblgPklg/FQ mktfh tobt b @bmg ^btlocast rbtamn wbs

tflomalbccy bssanmfh huf tk spflaial eamkr trannfrs sulo bs (a) rfqufst ikr prkbltavf rfslofhucamn hfspatf b

strkmn iambmlabc satubtakm, kr (aa) cbtf pbyefmt ki eamaebc kvfrhuf fxpfmsfs/lobrnfs, bekmnst ktofrs, woalo hk

mkt bllurbtfcy rficflt tof `krrkwfrs pfrikrebmlf stbtus.

Ianurf 994 @cblgPklg/FQ Lurrfmt \tbtus Bssfssefmt vs. @bmgs Lurrfmt \tbtus

Ckbm Iacf Rubcaty

Xof CIP prklfss bcsk sokwfh tobt 60 ckbm iacfs (0:%) am tof sbepcf wfrf amlkepcftf, 2>: ckbm iacfs (9>%)

wfrf bhfqubtf, bmh sokwm bs Ekhaiafh `y tof @bmg (a.f.,

@cblgPklg/FQ ahfmtaiafh tobt tofrf wfrf 00 ckbms tobt wfrf castfh bs mkm-Ekhaiafh am @bmgs ckbm-cfvfc hbtb

su`eassakm iacf, `ut wfrf sokwm bs Ekhaiafh am tof pbpfr ckbm iacf).

@bmg Lurrfmt \tbtus Zfrikreamn (%) ^btlocast (%)

Hfibuct bmh

Aepbarfh (%) Iacfs (#) Iacfs (%)

Zfrikreamn (%) 9> 9 > 2> 91 0>

Hfibuct bmh Aepbarfh (%) : : 2:: 22: 88%) wfrf usfh tk iambmlf wkrgamn lbpatbc. Am

nfmfrbc, krrkwfrs obh, am ekst lbsfs, hrbwm tofar iblacatafs ekrf ofbvacy bs b rfsuct ki tof strfssfh flkmkeal

fmvarkmefmt. @bmgs obvf ekstcy baefh tk rfhulf `krrkwfr caeats wofrf pkssa`cf bmh Ekhaiafh rfvkcvamn

iblacatafs tk tfre ckbms ikr trku`cfh `krrkwfrs.

Kut ki 91 `krrkwfrs rbtfh ^btlocast `y tof @bmgs, 02 `krrkwfrs (9 `krrkwfrs (29%) rbtfh Zfrikreamn `y tof @bmgs wfrf bssfssfh tk `f wfbg. Xofsf

Ckbm Ekhaialbtakm \tbtus \ueebry

Eftral # ki Ckbms % ki Ckbms # ki ckbms % ki Ckbms # ki Ckbms % ki Ckbms

Ekhaiafh >> :% 269 92% -00 -1%

Ekh am tbpf bmh mkm-ekh am iacf - - : :% - -Mkm-ekh am tbpf bmh ekh am iacf - - 00 1% - -

Xktbc 066 2:: 066 2::%

@bmgs @cblgPklg/FQHaiifrfmlf

(@cblgPklg/FQ - @bmgs)

Lrfhat Zfrikrebmlf \ueebry

Eftral # ki Iacfs % ki Iacfs # ki Iacfs % ki Iacfs # ki Iacfs % ki Iacfs

Lurrfmt 2:? 80% 2:0 8:% -9 -0%

2-1: hph ekhaiafh 2> >% 2? >% 2 :%

2-1: hph mkm-ekhaiafh 02 ?% 0< 1% 0 2%

1:+ hph ekhaiafh

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?0 | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

stbtastals oanocanot tof rasg ki lurrfmtcy mkm-hfibuctfh `krrkwfrs eanrbtamn amtk hfibuct am tof mfbr tfre.

Ianurf >24 @krrkwfr Iambmlabc \atubtakm \ueebry

Mktf (2)4 fbg as b qubc atb tavf iafch bsfh km b sft ki lratfrab sulo bs iambmlabc hbtb trfmhs

bmh ebnmatuhf, @cblg Xfa rfsabs icbn, eb am \obrfokchfrs kr nubrbmtkrs lrfha twkrtoamfss,

ckbm fxpksurf bmh tbmna`cf lkccbtfrbcs.

Lkc cbtfrbc \ueebry

Xof CIP lkmiarefh tobt tof ebdkraty ki \@Z ckbms wbs sflurfh blrkss b `rkbh brrby ki lkccbtfrbc typfs,

amlcuhamn lkeefrlabc rfbc fstbtf, rfsahfmtabc rfbc fstbtf, cbmh, amvfmtkry bmh rflfavb`cfs. Am bhhatakm, 0 krrkwfrs (6:%), tof lkccbtfrbc wbs ebtfrabc rfcbtavf tk tof fxpksurf iacf,

wofrf`y vbcuf ki tof lkccbtfrbc (am tfres ki ebrgft vbcuf) kvfr tktbc fxpksurf as ?:% kr ekrf ki tof tktbc

fxpksurf.

Ianurf >04 Lkccbtfrbc \ueebry

Mktf (2)4 E btfrabc lkccbtfrbc rfcbtavf tk fxpksurf rfifrs tk wofm tof vbcuf ki tof lkccbtfrbc (am

tfres ki ebrgft vbcuf) kvfr tktbc fxpksurf as ?:% kr ekrf ki tof tktb c fxpksurf

@krrkwfr Iambmlabc \atubtakm \ueebry

Eftral # ki Iacfs % ki Iacfs

Iambmlabc stbtus ki krrkwfr bssfssfh wfbg y

@cblgPklg / F&Q

^btlocast 02 / 91 9 29%

Zraebry ckbm purpks f wkrgamn lbpatbc iambmlamn 2?? / 066 >8%

Lkccbtfrbc \ueebry

Eftral # ki Iacfs % ki Iacfs

\flurfh iblacatafs 2?8 >0%

Iblacatafs wato rfbc fstbtf & cbmh lkccbtfrbc 281 6?%

@krrkwfrs prkvahamn pfrskmbc nubrbmtffs 0 6:%

Xktbc 066 2::%

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?< | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

8.8. Ekhfccamn Eftokhkckny

8.8.2. Nfmfrbc Bpprkblo

\aeacbr tk tof bpprkblo usfh ikr ktofr Pftbac bssft lcbssfs, @cblgPklgs \@Z eftokhkckny fepckyfh b suatf ki

flkmkeftral `fobvakurbc ekhfcs lbca`rbtfh tk Nrffg flkmkeal ibltkrs bmh Nrffg ckbm pkrtikcak hbtb.

Am ikreucbtamn lrfhat ckss prkdfltakms ikr tof Nrkup B \@Z ckbms, @cblgPklgs \@Z ekhfc fepckyfh `ktoqubmtatbtavf bmh qubcatbtavf bpprkblofs tk hfravf tof prkdfltfh prk`b`acaty ki hfibuct (ZH), fxpksurf bt hfibuct

(FBH) bmh ckss-navfm-hfibuct (CNH) tk fstaebtf lrfhat ckss prkdfltakms (LCZ) kvfr taef, lbclucbtfh bs

ikcckws4

Ianurf >

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8.8.0. LCZ Ekhfccamn Bpprkblo

Xof habnrbe `fckw as b oano-cfvfc kvfrvafw ki tof ekhfc-rfcbtfh stfps fepckyfh `y @cblgPklg tk nfmfrbtf tof

lrfhat ckss prkdfltakms ikr \@Z ckbms.

Ianurf >84 \@Z Ckbms Nfmfrbc Lrfhat Ckss Zrkdfltakms (LCZ) Bpprkblo

Iurtofr hftbac km fblo stfp as kutcamfh fckw4

\tfp 2 ki >4 Hbtb Lkccfltakm bmh Pflkmlacabtakm

Lrkss-sfltak mbc Hbtb

Xof \@Z su`-bssft lcbss fmlkepbssfs bcc ckbms tk sebcc ùsamfssfs bmh/kr prkifssakmbcs, amlcusavf ki cfbsamn

bmh ibltkramn ckbms0>. @cblgPklg rfqufstfh tobt tof @bmgs ahfmtaiy, lkccflt, bmh suèat bnnrfnbtf (bmh

nrbmucbr) stbtastals rfcbtamn tk tofsf fxpksurfs (f.n., tktbc `bcbmlfs, fxpksurfs sazf, nfknrbpoal sprfbh, vamtbnf

hastraùtakm, lkccbtfrbc amikrebtakm, ftl.).

@cblgPklg bcsk rfqufstfh tobt @bmgs suèat nrbmucbr hbtb vab b stbmhbrhasfh tfepcbtf lkmtbamamn iafchs watolkeekm gfy tfre hfiamatakms, tk eatanbtf bmy lkmiusakm bmh prf-fept amlkmsastfmlafs rfsuctamn irke tof

haiiframn hbtb irbefwkrgs bmh mkefmlcbturfs fepckyfh blrkss tof @bmgs. Xoas lrkss sfltakmbc hbtb, rficfltamn

fxpksurfs bs ki tof bmbcysas hbtf,

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fxlcuhfh irke tof ZH fstaebtakm bmbcysas huf tk (a) cblg ki oastkralbc hbtb km hfmkumlfh ckbms bmh (aa)

cblg ki oastkralbc hbtb prkvahfh km b qubrtfrcy `bsas, rfspfltavfcy. Bs sulo, @cblgPklgs \@Z ekhfc

wbs `bsfh km stbtastalbc rfcbtakmsoaps amifrrfh `y oastkralbc pfrikrebmlf hbtb irke tof Furk`bmg bmh

Zarbfus Zbrfmt @bmg pkrtikcaks, woalo lkccfltavfcy lkeprasf 8:% ki tof Nrkup B @bmgs \@Z umavfrsf.

@bmg-spflaial ckbm pbyefmt oastkry4pbyefmt oastkry ikr fxpksurfs woalo obh `ffm iuccy pbah hkwm

kvfr tof 6 yfbr oastkralbc taef pfrakh, fmhamn

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Ianurf >64 \@Z Ckbms - Ekhfc ckbm stbtf hfiamatakms

Ekhfc Ckbm \tbtf @cblgPklg Ekhf c Hfiamatakm

Lurrfmt :?1 HZH

Hfcamqufmt 1:

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?> | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

pfrakhal bekrtasbtakm tk hftfreamf kutstbmhamn ckbm `bcbmlfs bt vbrakus pkamts am taef. Xof irbefwkrg as

accustrbtfh am tof Ianurf `fckw.

Ianurf >>4 Lrfhat ckss irbefwkrg watoam tof \@Z ckbm ekhfc

Mktf4 Habnrbe b`kvf hfekmstrbtfs b saepcaiafh ?4 Xrbmsatakm Ebtrax Ekhfccamn

Xae f 5 t+2

Lurrfmt Hfcamqufmt Hfibuct Zrfpbah Caquahbtfh

Xaef5t

Lurrfmt Zll(xat) Zlh(xat) : Zlp(xat) :

Hfcamqufmt Zhl(xat) Zhh(xat) Zhi(xat) Zhp(xat) :

Hfibuct : Zih(xat) Zii(xat) : Zic(xat)

Zrfpbah : : : 2 :

Caquahbtfh : : : : 2

@fckw as b cast ki fxpcbmbtkry vbrab`cfs bmh rfcfvbmt amtfrlfpts fepckyfh `y @cblgPklgs \@Z ekhfc tk prfhalt

qubrtfrcy Lurrfmt tk Hfcamqufmt trbmsatakms ikr mkm-Ekhaiafh \@Z ckbms, bs wfcc bs skef nfmfrbc lkmtfxt

hfslra`amn okw tofsf ibltkrs aepblt prkdfltfh lrfhat pfrikrebmlf. Xoas ianurf `fckw rbmgs tof vbrab`cfs watoam

tof @cblgPklg \@Z trbmsatakm ebtrax ekhfc am krhfr ki stbtastalbc sanmaialbmlf. Xoas amhalbtfs tof cfvfc kilkmiahfmlf tobt tof ibltkr as b sanmaialbmt hravfr ki pfrikrebmlf bmh tous `f amlcuhfh am tof ekhfc. Xoas hkfs

mkt amhalbtf bt bcc okw aepkrtbmt fblo ki tof ibltkrs brf ikr fxpcbamamn vbrabtakm fatofr kvfr taef kr `ftwffm

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?? | @BMG KI NPFFLF B\\FX RVBCAX Q PFYAF^ BMH LPFHAX CK\\ ZPKDFLXAKM EFXOKHKCKNQ

pkrtikcaks ikr tof Lrfhat Ckss Zrkdfltakms.

B iucc cast ki tof suatf ki fxpcbmbtkry vbrab`cfs fepckyfh `y @cblgPklgs \@Z ckbm ekhfc as amlcuhfh am

Bppfmhax Pftbac.

Ianurf >14 \@Z ekhfc fxpcbmbtkry vbrab`cfs bmh amtfrlfpts ikr Lurrfmt tk Hfcamqufmt (Mkm-Ekhaiafh)

bmh Lurrfmt tk Hfcamqufmt (Ekhaiafh) trbmsatakms

Mktf (2) Lkmtamukus Pbmg 5 2, 0, 9:.> 2%

Vmfepckyefmt 0 + 2,:2?.? 2%

NHZ < - 6:,100.6 2%

Pfvkcvamn Ckbm L + 2,869

Κίνημα ΥΠΕΡΒΑΣΗ : ΕΚΘΕΣΗ BLACKROCK ΓΙΑ ΤΙΣ ΕΛΛΗΝΙΚΕΣ...

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