BNM 2011-11

7/23/2019 BNM 2011-11

1/237

L]]K 8:>1'5>>5 *Urlks,L]]K 8:>1'=?22 *MC,

OOLLOOIILLDDAA__HHBBLLHH

KKHHLLDDKKHHIIHHGGDDIICCDDRRNNLL

Kr 88?588

MKMGMjllk~ ?58?

7/23/2019 BNM 2011-11

2/237

GLKL]S_\ DB M^IS^_NKHSLDKHIODD@ MJHGON_ DB SJN _NU^OILM DB GDICDRH

Khsldkhi Oloildarhuj|db Gdicdh

Odd`}+ Ho}srhms}+ Sjn}l}+Ghahvlkn hkc knq}uhunr hrslmin}

U~oil}jnc brdg 8:L}}~nc dkmn h gdksj

?588Kr 88

KOMGMjllk~ ?58?

7/23/2019 BNM 2011-11

3/237

GLKL]SN_ÎMÎS^_LLMHGN_H KHLDKHI H M_LL CLK _NUÔILMH GDICDRH

Oloildarhblh Khldkhi

h Gdicdnl

Mrl+ H~sdrnbnrhsn+ Snvn+Hrslmdin clk rnl}sn l vlhrn

]n nclsnhv clk hk~i 8:Huhrn i~khr

?588Kr 88

MKMGMjllk~ ?58?

7/23/2019 BNM 2011-11

4/237

Hims~lsdrl 6 Rhinkslkh MJLSD_DHA_nkhsh MDVDKHMDin}nh VHOLHMDNblglh GHM_LKLMLMih~clh OA^Klkh GLMJN_LKI~cglih MD_AJNKML

Shslhkh CLHMDK^

_nchmsdr rn}udk}holi l mddrcdkhsdr6 Rhinkslkh MJLSD_DHA

Cn}lak) snjkdrnchmshrn mdgu~snrlvhs6 _nkhsh MDVDKHM

CN]M_LN_NHMLU HMHGN_NL KHLDKHIN HM_LL

Oloildarhblh Khldkhi h Gdicdnl 7 Khsldkhi Oloildarhuj| dbGdicdh 6 Mrl+ H~sdrnbnrhsn+ Snvn+ Hrs+ clk rn+ l vlhrn+ _n}~r}n ninmsrd'klmn 6 ]n nc+ clk hk~i 8: 6 Huhrn i~khr $ Mhgnrh Kh+ h Mrll clk _nu+Gdicdh 0 hims+ 6 Rhinkslkh Mjlsdrdha) _nkhsh Mdvdkhm) Din}nh VholhmdPns hi+W 0 rnc+ rn}u+ l mddrc+ 6 Rhinkslkh Mjlsdrdha 0 cn}lak 6 _nkhsh Mdvd'

khm+ Mj+ 6 Mhgnrh Kh+ h Mrll) ?58? *Rhilknz ]H,+ L]]K 8:>1'5>>5+ L]OK

7/23/2019 BNM 2011-11

5/237

Oloildarhblh Khldkhi h Gdicdnl Khsldkhi Oloildarhuj| db Gdicdh

>

M_DKLMH M_LL

]N NCLSNHV CLK HKÎ 8:

ODD@ HKKHI]

UÔIL]JNC B_DG 8:

KDLNGO_LN

?588K_ 88

*82'???>,KDRNGON_

5 ANKN_HILSL

55OHVNIN ANKN_HIN HIN M^KDHSN_LL L MÎS^_LL

558 sllk l m~kdhsnrn k anknrhi

82/Mnrmnshrnh l lkdhrnh k uhrsnknrlhs m~ gncl~i cn hbhmnrl/) mdkb+ kh+ *?5880 Mjllk~,+ Mdkbnrlkh Khldkhi /Mnrmnshrnh l lkdhrnh k uhrsnknrlhs m~ gncl~i cn hbh'mnrl/) Mjllk~) 85 kdlng ?588 $ mdg dra6 Slajlknhk~ Ldk *urnnclksn,) ]srhshk Hinzhkcr~)Mnrknl Ajnkhcln Pns hiW Mj 6 LNB]) ?588 ?85 u 6 cn}) bla) sho 0 ?: mg

Hksnsls6 Hmhc cn sllkn h Gdicdnl) A~nrk~i _nu Gdicdh Snzsn6 io rdg) nkai)r~} Oloildar ih }brls~i hrs _nv6 io rdg) nkai ?55 nz

L]OK 5 nz L]OK ) }hhks r~} *mjlgl}s) blvlm) l}sdrlm) }mrll'

sdr, *r~},+5586=1:3*31:'?>,

553 sllkh l snjkdidalh mhim~ihsdhrnidr+ Urni~mrhrnh chsnidr

8:O~rihm~) KhshilhSnjkdidall lkbdrghldkhin k lk}sr~lrn 6 I~mrrl cn iho $ O~rihm~ Khshilh Mj 6 ] k)

?588 *Sludar Û] /L Mrnhka/, := u 6 bla) sho 0 ?< mgOloildar6 u :?':= *?: sls, 855 nz

L]OK

7/23/2019 BNM 2011-11

6/237

Mrdklmh mrll Kr 88'?588 Odd` hkkhi} Kr 88'?588

2

' ' 8+ Snjkdidall lkbdrghldkhin I~mrrl cn ihodrhsdr+5536=1:*512>,

8

7/23/2019 BNM 2011-11

7/237


1

L]OK

855 nzL]OK

7/23/2019 BNM 2011-11

8/237


:

P?588'??8?W' ' 8+ Mrl cn mdidrhs+

5:1>

8 BLIDVDBLN+ U]LJDIDALN

8$83 Blidvdbln

8

7/23/2019 BNM 2011-11

9/237


W' ' 8+ Nnklgnksn }dmlhi'udilslmn clk _nu~oilmh Gdicdh Hrslmdin+

=?=*31:,*532,

=?1 _nihll lksnrkhldkhin+ Udilslm lksnrkhldkhi+ Udilslm nzsnrk

8/Lcnkslshsnh mllm l lksnarhrnh n~rdunhk bhmsdrl hl mdk}dilcrll }shshilsllgdicdnknsl/) mdkb+ s+ lksnrk+ *?588 0 Mjllk~,+ Mdkbnrlkh sllklblm lksnrkhldkhi/Lcnkslshsnh mllm l lksnarhrnh n~rdunhk bhmsdrl hl mdk}dilcrll }shshilsll gdicdnknsl/)*Mjllk~) >'2 dms ?588, Mj 6 MNU ^]G) ?588 85>) P?W u 6 bla) sho 0 =5 mg _nu~oil'mh Gdicdh ?5 cn hkl cn lkcnunkcnk }shshi

Hksnsls6 Udrshi~i Hkhilslm hhgc) Mnksr~i ]shs l Crnus hi Lk}s cn L}sdrln) ]shs l Crnus hiHG) H}dm L}sdrlmlidr l Udilsdidalidr /Urd'Gdicdh/ Pns hiW Snzsn6 io rdg) r~} Oloildarih }brls~i hrs l k kdsnin cn }~o}di k rnc h~s 1> nz

L]OK 878288

8 mg L]OK

7/23/2019 BNM 2011-11

13/237


8=

P?588'8

7/23/2019 BNM 2011-11

14/237


83

L]OK ='58:'1P?588'?58 mg L]OK5 nz L]OK

7/23/2019 BNM 2011-11

15/237


8>

==3 Bdrgn cn drahklvhrn l mddunrhrn k hmsllshsnh nmdkdglm

8

7/23/2019 BNM 2011-11

16/237


82

?558Uhrsnknrlhs~i }dmlhi k mdksnzs~i srhk}bdrgrlidr }l}snglmd'nmdkdglmn 7 ]dmlhiUhrsknr}jlu lk sjn Mdksnzs db ]|}snglm hkc Nmdkdglm Srh}brdrghsldk} $ Mdkbncnrhlh Khld'khi h Uhsrdkhs~i~l) Bhm sllkn Nmdk h ^kl cn ]shs clk Gdicdh 0 mdi rnc6 Ahilkh ^ilhk)Rhinkslkh Ud}sdihmjl) Rhinrl~ Mhu}lv~ Pns hiW Mj 6 MNU ^]G) ?588 8?=) P8W u 6 bla) sho

0 =5 mgSls uhrhi6 io rdg) nkai Snzsn6 io rdg) r~} _nv6 io nkai Oloildar ih }brls~ihrs l k kdsnin cn }~o}di k rnc h~s Huhrn m~ }urlflk~i blkhkmlhr hi Urdlnms~i~l /Mdk}dil'chrnh mhuhmlsll Gdicdnl cn an}sldkhrn h ulnll g~kmll l cn rnksdhrmnrn h glarhklidr/ kmhcr~i uhrsnknrlhs~i~l cn gdolilshsn m~ ^kl~knh N~rdunhk lguingnkshs cn msrn ]nrlml~iU~oilm ]~cnv cn Dm~uhrn h Bdrnl cn G~km ?15 nz

L]OK

7/23/2019 BNM 2011-11

17/237


81

=3C_NUS+F^_L]U_^CNK

^klnr}lshsnh Harhr cn ]shs clk Gdicdh+ I~mrrl sllklblmn Rnvl Kr8I~ka~) Rh}linMddunrhrnh f~rlclm lksnrkhldkhi k ghsnrln unkhi 6 Gdkdarhbln $ Rh}lin I~ka~) ]lil~

Rmhr~ 0 rnc s6 Rldrni Onriloh 0 Lk}s cn _nihll Lksnrk clk Gdicdh) Bhm cn Crnus Mj 6

L~ilhk) ?588 ??3 u 0 ?5 mgOloildar6 u ?8>'??= l k kdsnin cn }~o}di =55 nzL]OK

7/23/2019 BNM 2011-11

18/237


8:

' ' 8+ Crnus~rlin dg~i~l _nu~oilmh Gdicdh+=3?1?$1=*31:,*531,78=>8788878288

?55:_hudrs urllkc rn}unmshrnh crnus~rlidr dg~i~l k _nu~oilmh Gdicdh k hk~i $Mnksr~i unksr~ Crnus~rlin Dg~i~l clk Gdicdh Mj 6 ] k) ?588 *BN'U /Sludar Mnksrhi/,

=5 mg?585 ?588 =:: u 6 bla) sho mdidr Sls un mdu) snzs uhrhi6 io rdg) nkai) r~}

Oloildar k kdsnin cn }~o}di Arhs~ls P?588'?5?:W' ' 8+ Crnus~rlin dg~i~l _nu~oilmh Gdicdh+

=3?1*31:,*531,78=>8788878288

?55

7/23/2019 BNM 2011-11

19/237


8'2 *k mdu shrn,P?588'?55=W' ' 8+ Mrlglkhil}slm+

=3=:,

?583Fnrnajl) Rhk~Mdgl}llin idmhin cn gdklsdrlvhrn h idm~rlidr cn cnsnkln 6 Ajlc $ Rhk~ Fnrnajl) I~cglih

Ududlml) Rlmsdr Vhjhrlh 0 h~ mdksrlo~ls6 Ililhkh Mhihkmnh) ]snih Ilchr~ 0 Lk}s unksr~ Crnus~'rlin Dg~i~l PNc h ?'hW Mj 6 ] k) ?588 *BN'U /Sludar Mnksrhi/, 855 u 6 sho 0 ?>mg

H~s }~ks lkclmhl un } b cn sls Oloildar k kdsnin cn }~o}di Huhrn m~ }urlflk~i bl'khkmlhr hi Gl}l~kll D]MN k Gdicdh 8555 nz

L]OK 5 nzL]OK

7/23/2019 BNM 2011-11

20/237


?5

' ' 8+ _}u~kcnrn unkhi+=3==>?*51>:,

?58:) ' 6 ' 6 $ 0

6 0 ' ) ) 6 L~ilhk) ?588 ?23 u 0 ?5 mg

Oloildar6 u ?35'?38 *8= sls, l ih }brls~i sngnidr 855 nzL]OK HCGLKL]S_HLN U^OILM+H_S GLILSH_

=>8$=>3HCGLKL]S_HLN U^OILM

?58'> *k mdu shrn,P?588'????W' ' 8+ Udilln Cnilkmnk f~nkli+ ?+ Cnilkmnk f~nkli Udilln+

=>8136=3=8=1>

?5?5/Lguhms~i mrlvnl ghkhanrlhin h}~urh hmsllsll Glkl}snr~i~l Hbhmnrlidr Lksnr'kn/) mdkb+ s+'urhmslm *?588 0 Mjllk~,+ Lguhms~i mrlvnl ghkhanrlhin h}~urh hmsllsll Gl'kl}snr~i~l Hbhmnrlidr Lksnrkn 6 *Ghsnrlhinin mdkb s'urhmslmn kh) ?: l~k ?588, $ rnc6 Ajndr'ajn Mjlrl Mj 6 ] k) ?588 *Sludar Hmhc /snbhk mni Ghrn/ h GHL, 8=< u 0 ?5 mg

Hksnsls6 Hmhc /snbhk mni Ghrn/ h GHL) H}dm ho}dinklidr Hmhc cn Udilln /Hmdudil}/ Oloildar ih }brls~i hrs l k kdsnin cn }~o}di 855 nzL]OK 3=8*31:,*5:?,

?5?8D hksdidaln cn urhmslml cn }~mmn} h mdg~klslidr clk g~klmlul~i Mjllk~ 7 On}sUrhmslmn} Hksjdida| db mdgg~klsln} brdg g~klmluhils| db Mjl}lkh~ $ Il~odglr Mjlrlhm) RlmsdrGdmhk~) Rihc Mhsiho~ah Pns hiW 0 Lk}s unksr~ Cnvdishrn l Lkllhsln ]dmlhin *LCL], /Rllsdr~i/

Mj 6 Odk} Dbblmn}) ?588 8>:) P?W u 6 bds mdidr 0 ?3 mg *Oloildsnmh LCL] /Rllsdr~i/,

7/23/2019 BNM 2011-11

21/237


?8

Sls) snzs uhrhi6 io rdg) nkai Huhrn m~ }urlflk~i blkhkmlhr hi B~kchlnl Jhkk} ]nlcni >55 nz

L]OK sls, 255 nzL]OK '81>':P?588'88:8888*51>:,

?5?=Uhrnkl~m) Hinzhkcr~Hmsllshsnh lkn}slahsl'dunrhsl h Drahknidr Hbhmnrlidr Lksnrkn 6 *uhrsnh }unmlhi, 6 Urn'

nklrnh l cn}mdunrlrnh lkbrhml~klidr cn msrn }nrlmllin udillnl f~clmlhrn 6 ghk~hi $ Hinzhkcr~Uhrnkl~m) Hinznl U~ka Mj 6 Hmhc /snbhk mni Ghrn/ h GHL) ?588 381 u 0 ?8 mg *kgks }~unrldr,

H~s }~ks lkclmhl un mdu Oloildar6 u 3581326=3==$1*51>:,

?5?3Sr~unin cn Mhrholklnrl Phin Glk Hbhmnrlidr Lksnrkn clk _nu GdicdhW 6 Uhsrln In'an Dkdhrn 6 ?5 cn hkl 6 Pcn ih bdrghrn 6 hio~gW $ h~s6 Hinzhkcr~ Onfhk) ]nral~ _dmh) Rldrnimnrolkh Pns hiW 0 mdi rnc6 Rh}lin Crhadglr *urnnclksn,) Ladr Adrl) Hkhsdiln Uihmlksh Pns hiW 0bds6 Hinzhkcr~ Onfhk) Dina M~mnrnh~) _dghk A~v~k Pns hW 0 Cnu Sr~unidr cn Mhrholklnrlhi GHL Mj 6 Odk} Dbblmn}) ?588 8=>) P81W u 6 bds mdidr 0 =5 mg

L]OK 8132*5:3,

?5?>~rmhk) LdkOrlahchcn udilln m~ cn}slkhln }unmlhi /B~ianr/ $ h~s6 Ldk ~rmhk 0 mddrc6 Dina Ohihk 0

Glk Hbhmnrlidr Lksnrkn hi _nu Gdicdh) Udillh ]unmlhi /B~ianr/ Mj 6 Rl}~hi Cn}lak) ?588 8?1 u 6 bds mdidr 0 =5 mg

H~s n}sn lkclmhs un } b cn sls Snzs uhrhi6 io rdg) nkai >55 nzL]OK

7/23/2019 BNM 2011-11

22/237


??

=>8132*587888

?5?2 k rvodl hi glkll 6 Lksniilankmn) }nrlmll cn lkbdrghll l m~kdhsnrn }srhsnalm k}nmdi~i ZZL $ Andran Mrl}slhk Ghldr *mddrc, Mj 6 ^klnr}~i) ?588 3:5 u 6 sho 0 ?3 mg

Oloildar6 u 321'3:5 l k kdsnin cn }~o}di Lkc6 u 32?'322 8555 nz

L]OK 2 u 6 bla) sho 0 ?< mg

H~s }~ks lkclmhl un mdu Oloildar6 u 8>8'8>> *:> sls, 855 nzL]OK 2 *>2 sls, l k kdsnin cn }~o}di B b cn sls 8555 nzL]OK

7/23/2019 BNM 2011-11

23/237


?=

=1NC^MHLN+KRGKS+LK]S_^L_N+SLGU ILON_

=1+5 Slu~rl l urlkmlull b~kchgnkshin cn nc~mhln

?5=5/Uincdhrln unksr~ nc~mhln mjnlh mrnhsllsll l lkdrll/) mdkb+ s+ lksnrk+*?588 0 Mjllk~,+ Uincdhrln unksr~ nc~mhln mjnlh mrnhsllsll l lkdrll 6 Ghsnrlhinin mdkbs lksnrk) 8'? kdlngo ?588) Mjllk~ $ mddrc s6 Ililh Udadih) Klmdihn O~m~k 0 rnc s6Haihlch Odiodmnhk~) ]snih Mngdrshk) Ldk Odsard} Pns hiW Mj 6 Lk}s cn sllkn hin Nc~mhl'nl) ?588 *Sludar /Urlks Mhrd/ ]_I, >=1 u 6 bla) sho 0 ?< mg

Hksnsls6 Hmhc cn sllkn h Gdicdnl) Lk}s cn sllkn hin Nc~mhlnl Snzsn6 io rdg)nkai) br) r~} _nv6 io nkai Oloildar ih }brls~i hrs 25 nz

L]OK 2'585':P?588'8

7/23/2019 BNM 2011-11

24/237


?3

' ' 8+ Nc~mhln mrnslk+=158>

=1+5='5?='8P?588'?58>W' ' 8+ Drahklvhrnh }l}sng~i~l cn nc~mhln *rdg+) aa~v) ~mr+) r~},+

=15Urlkmlul~i mnksrrll un nin k hmsllshsn urdblihmslm 6 M~ina cn urdlnmsn $ Ph~sWO~ahk Khshilh) _~}~ Nmhsnrlkh) Dodrdm Ninkh Pns hiW 0 Ilmn~i Sndrnslm /Andran Milkn}m~/ Mj 6 Urlgnz Mdg) ?588 12 u 6 bla) sho 0 ?8 mg

Oloildar ih }brls~i mhu 855 nzL]OK

7/23/2019 BNM 2011-11

25/237


?>

nmjluh cn rnhilvhrn 6 _donrsd N}mhrrn) ]lgldk Mhl}k) Rlmsdr Mdrch} Pns hiW, *Urdarhg cnbdrghrn mdkslk~ k cdgnkl~i nc~mhlnl lkmi~vln,

Oloildar6 u 85?'85= *35 sls, ?55 nzL]OK 55 nz

L]OK

7/23/2019 BNM 2011-11

26/237


?2

L]OK : sls, ?55 nzL]OK P?588'?5==W' ' 8+ kgks }unmlhi+

=12

?533Srhlklka /Gnsdcn cn m~kdhsnrn h ninlidr m~ MN]/ 6 ]~udrs clchmslm unksr~mddrc nc~mhlnl lkmi~vln $ ^kl cn ]shs clk Gdicdh) ^kl Unchadalmn cn ]shs /Ldk Mrnhk'a/) ^kl cn ]shs clk Oil /Hinm~ _~}}d/ Pns hiW 0 niho6 Hkanih Mhihkmnh) Shslhkh Slksl~m 0rnc nb 6 ]lgldk Mhl}k Mj 6 Lk}s cn Bdrghrn Mdkslk~) ?588 8:

7/23/2019 BNM 2011-11

27/237


?1

' ' 8+ Mdkbnrlkh sllklblm cn sdshilvhrn h hmsllsll cn mnrmnshrn h mhcrnidr clchmslmn^klnr}lshsnh cn ]shs /Odachk Unsrlmnlm~ Jh}cn~/ clk Mhj~i *rdg+) r~},+

=1:6558:878288

?53:Lksnrhml~knh gnsdcnidr k kgks~i }~unrldr 6 Ajlc gnsdcdidalm $ h~s6 O~s'khr Rldrlmh) Adi~olmjl ]lilh) I~snkmd Ilkh Pns hiW 0 ^kl cn ]shs clk Slrh}udi) Mhsncrh Unch'adaln l U}ljdidaln Ank Mj 6 ^]S) ?585 815) P8W u 6 bla) sho 0 ?5 mg

H~s un mdu k~ }~ks lkclmhl Snzsn6 io rdg) r~} Oloildar ih }brls~i hrs 855 nzL]OK P?588'?528W' ' 8+ kgks }~unrldr Gnsdcn lksnrhmsln+

=1:78=>878288

Ur~snhk~) Khcnfch+ _na}lrnh Rnvl Kr ??55

Snvnin mninl cn'h 23'h mdkbnrlk sllklblm h }s~cnklidr) gh}snrhkvlidr Rnvl Kr 81 l k kdsnin cn }~o}di Lkc snghslm6 u 8>5'8>8 1>5 nzL]OK

7/23/2019 BNM 2011-11

28/237


?:

' ' 8+ Blvlm+>=*51>:,

?5>?Idvdhk~) Unsr~I~mrrl urhmslmn cn ihodrhsdr ih gdc~i~i /Gnsdcn blvlmn cn cnsnrglkhrn h lkclmlidr cn mhil'

shsn h urdc~}nidr/ 6 Lkclmhll gnsdclmn $ Unsr~ Idvdhk~ 0 ^kl cn ]shs clk Gdicdh) Bhm cnBlvlm) Mhsncrh Gnsndrdidaln) Gnsrdidaln l Blvlm Nzunrlgnkshi Mj 6 MNU ^]G) ?588 8) P8W u 6 bla) sho 0 ?8 mg

Oloildar6 u 8

7/23/2019 BNM 2011-11

29/237


?:Oldidaln 6 I~mrrl cn iho 6 mi h 2'h $ Hildkh Ailalk) Hkanih Udrs) Hinznl Inlmjl PnshiW Mj 6 ] k) ?588 *Sludar clk Drjnl, 3: u 6 bla) sho 0 ?8 mg

H~s }~ks lkclmhl un mdu 8555 nzL]OK mg

7/23/2019 BNM 2011-11

30/237


=5

Hksnsls6 Hmhc cn sllkn h Gdicdnl) ]nmlh cn sllkn hin Khs~rll l Rlnll) Lk}s cn Ankn'slm l Blvldidaln h Uihksnidr hi HG Snzsn6 io rdg) nkai) r~} _nv6 io rdg) nkai) r~} Oloildar ih }brls~i hrs ?55 nz

L]OK 2'58>'=

P?588'?88:W' ' 8+ /]sr~ms~rh l b~kmldkhilshsnh }l}sngnidr oldidalmn clnr}lshsn l ~klnr}hilshsn/ Mdkbnrlk sllklblm *rdg+) nkai+) r~},+

>158?6>:83*5:?,78=>8788878288

>5 *:8 sls, Lkcnz hib cn cnk~glrl s6 u ?>8'?2: Huhrn m~ }urlfl'k~i blkhkmlhr hi BNK) LNA) HD /Nmdgnclh/ >55 nz

L]OK *nrdkhs, *k mdu shrn,P?588'??=>W' ' 8+ Bi~s~rl Nkmlmiduncll

>1:*5=8,

7/23/2019 BNM 2011-11

31/237


=8

2 SLLKN HUILMHSN+ GNCLMLK+ SNJKLM

28GNCLMLK

?52=Mnmdl) R+Hkhsdglh) blvldidalh l lalnkh nin~i~l cn r}s mdihr glm 6 *hmsllsl urhmslmn l cn

iho) mdk}unmsn cn inmll, $ R Mnmdl) R Kh}sh}) N Uhihkmnhk Mj 6 ] k) ?588 *Sludar ^U]/L Mrnhka/, 855 u 6 }mjngn) sho 0 ?8 mg

?55 nzL]OK ,

28? Blvldidaln+ Blvldidaln mdguhrhs

Mnmdl) R+ Hkhsdglh) blvldidalh l lalnkh nin~i~l cn r}s mdihr glm Rnvl Kr ?52=

?52>]l}sng~i nkcdmrlk 6 ]~udrs cn m~r} $ H~rnilh Mrldl) L~rln Ohmhid) Ninkh MjlrlhPns hiW 0 ^kl cn ]shs clk Gdicdh) Bhm cn Oldidaln l Uncdidaln) Mhsncrh Oldidaln ^ghk lHklghi Mj 6 MNU ^]G) ?588 8>5) P8W u 6 bla 0 ?3 mg

Oloildar6 u 83: *8> sls, >5 nzL]OK

7/23/2019 BNM 2011-11

32/237


=?

282 Uhsdidaln+ Gnclmlk milklm

?521Odskhr~) RlmsdrGnclmlkh lksnrk Ornlhr 6 gdc~i~i Hinradidaln 6 Punksr~ ~v~i }s~cnklidrW $ Rlmsdr

Odskhr~) Clhkh Mhihrh 0 mdh~s6 Glrmnh Onl~) Rlmsdrlh Ordmd}jll) Mrl}slkh Sdgh Mj 6 ]k) ?588 *Sludar /]nrnolh/ ]_I, 822 u 6 bla) sho) P82W u bla mdidr 0 ?> mg

Oloildar6 u 825 *?? sls, 8555 nzL]OK *k mdu shrn,P?588'?887888

?52

7/23/2019 BNM 2011-11

33/237


==

Gdicdnl) Lk}s cn Blvldidaln l ]hkdmrnhsdidaln) ^kl cn ]shs cn Gnclmlk l Bhrghmln /Klmd'ihn Sn}snglhk~/ Mj 6 ] k) ?588 *Sludar HG, =: u 6 bla) sho 0 ?? mg

H~s }~ks lkclmhl un } b cn sls Oloildar6 u =='=: *>2 sls, 255 nzL]OK

7/23/2019 BNM 2011-11

34/237


=3

P?588'?5>:W' ' 8+ Hrslm~ihlh mds~i~l Invl~kl Srhshgnks mjlr~ralmhi+ ?+ Adrknh) Blilu 8

7/23/2019 BNM 2011-11

35/237


=>

2?8+: Drahkn cn ghlkl+ Srhk}glsnrnh nknralnl gnmhklmn

?512 *?3 sls, >5 nzL]OK '8=1'2P?588'?83:W' ' 8+ Ghlkl cn snrh}hgnksn+

2?8:1,

2?

7/23/2019 BNM 2011-11

36/237


=2

?5:=A~gnkl~m) LhmjlgUnulklnrn }lilmn 6 *ajlc urhmslm, $ A~gnkl~m Lhmjlg 0 Hanklh /Gdic}lih/) Lk}s cn

Mnrmns l Hgnkhfrl ]lilmn PNc h ?'h) rn l mdguiW Mj 6 Urlks'Mhrd) ?588 8>: u 6bla) bds mdidr) sho 0 =5 mg

Oloildar6 u 8:?=8*31:,

2=8$2=: Harlm~is~r

2=8 Harlm~is~r k anknrhi

?5:1)

7/23/2019 BNM 2011-11

37/237


=1

$ ') ) 0 ' zd' 6 ) ?588 81?) P>W u 6 bds 0 ?5 mg

H~s }~ks lkclmhl k mh}ns snjk >55 nz

L]OK

7/23/2019 BNM 2011-11

38/237


=:

23NMDKDGLN MH]KLM+SLLKN CDGN]SLMN+KS_NLKN_NH MH]NL

238$23? Hilgnksn+ Asls+ Gkmr~rl+ Gn}n

?5

7/23/2019 BNM 2011-11

39/237


=2+==:31W655>*5:?,78=>878288

2>1 Mdksholilshsn

?5Shohk) NinkhMdksholilshsnh k lk}sls~llin cn kgks }~unrldr u~oilmn l urlhsn 6 H}unmsn sndrnslmnl urhmslmn $ Ninkh Shohk) S~cdr S~jhrl Mj 6 ^]S) ?588 ?655233*51>:,

2>3 *?> sls, >55 nz

7/23/2019 BNM 2011-11

40/237


35

L]OK '8:?'2P?588'?838

Snzsn6 io rdg) nkai) r~} _nv6 io rdg) nkai Oloildar ih }brls~i hrs l k kdsnincn }~o}di ?55 nz

L]OK

7/23/2019 BNM 2011-11

41/237


38

16=1:3*31:'?>,*5:?,78=>8788878288

18]L]SNGHSLVH_N BLVLM+]L]SNGHSLVH_N _NALDKHI) ^_OHK L _^_HI+

^_OHKL]G+UNL]HFN+UH_M^_L+ A_CLKL

?85=Mlglslr~i Nrdlidr clk Mjllk~ 6 rnmlng }h~ rnkhl}}hkmn4 $ ar~u~i cn lkllhsl6Vdlh Fhio) Knm~ihl Uduh) Gljhl Shm Pns hiW Mj 6 Odk} Dbblmn}) ?588 3: u 6 bds) bdsmdidr 0 =5 mg

Snzsn6 io rdg) nkai) r~} Oloildar k snzs l k kdsnin cn }~o}di Huhrn m~ }urlflk~iblkhkmlhr hi Mdk}lil~i~l Gdkclhi hi _dgklidr 855 nz

L]OK ,*58788878288

1?H_JLSNMS^_Gk}slrnh Urlulmnkl'M~rmjl 7 ' Rnvl Kr 85 nz

L]OK 2W' ' 8+ Cn}nk hkhsdglm+

13=*512>,

13>$13< Hrsn cnmdrhsln+ Gn}nrll cn hrs+ Hrsn huilmhsn+ Cn}lak

?852G~ksnhk~) HkanihHrsnin huilmhsn Mdgudvllh hrsl}slm hk~i 8) ? 6 Lkclmhll gnsdclmn $ Hkanih G~ksnhk~ 0

rnc rn}u6 I~uhm~ Rhinrl~ 0 ^kl Snjk h Gdicdnl) Bhm ^rohkl}slm l Hrjlsnms~r) MhsncrhHrjlsnms~rh Mj 6 ^SG) ?588 33) P8W u 6 bla 0 ?< mg

H~s n}sn lkclmhs un } b cn sls Oloildar6 u 33 *: sls, 855 nz

P?588'?8>3W' ' 8+ Hrsn huilmhsn+

7/23/2019 BNM 2011-11

42/237


3?

13>$13,

?851G~ksnhk~) HkanihHrsnin huilmhsn _nurnvnkshrnh nilu}nl un clnr}n bdrgn hk~i 8) ? 6 Lkclmhll gnsdclmn $

Hkanih G~ksnhk~ 0 rnc rn}u6 I~uhm~ Rhinrl~ 0 ^kl Snjk h Gdicdnl) Bhm ^rohkl}slm l

Hrjlsnms~r) Mhsncrh Hrjlsnms~rh Mj 6 ^SG) ?588 =

7/23/2019 BNM 2011-11

43/237


3=

' ' 8+ Algkh}slm rlsglm *r~},+1:?>*51>:,

: ILKARL]SLM+ BLIDIDALN+ ILSN_HS^_

:5$:8U_DOINGN ANKN_HIN M^ U_LRL_N IH ILKARL]SLM L ILSN_HS^_+BLID'IDALN

?888Dailkc) NglilhLksrdc~mnrn k ilkal}slm 6 *]~udrs clchmslm, $ Nglilh Dailkc) Ahilkh Uc~rhr~ 0 rnc s6

Lrlkh Mdkcrnh 0 ^kl cn ]shs clk Gdicdh) Bhm cn Ilsnrn) Mhsncrh Ilkal}slm Ank l IoMih}lmn Mj 6 MNU ^]G) ?588 =:8) P8W u 0 ?5 mg

Oloildar6 u =15'=1: *815 sls, >5 nzL]OK 8!=13:??788??

?883_~}~) Mrl}slkhClmldkhr anrghk'rdgk) rdgk'anrghk $ Mrl}slkh _~}~) ]hkcdr'Ahodr @rsn}l Mj 6

sllkh) ?588 *Mdgolkhs~i Udilar, 3=: u 6 sho 0 ?5 mg>555 nz

L]OK

7/23/2019 BNM 2011-11

44/237


33

' ' 8+ Ilgoh anrghk Clmldkhrn *rdg+) anrg+,+ ?+ Ilgoh rdgk Clmldkhrn *rdg+)anrg+,+ =+ Clmldkhr anrghk'rdgk) rdgk'anrghk *rdg+) anrg+,+

:8888??!=13:??78=>8+:888=>8!=13:??788??

:88+8==+8 Ilgoh brhkmnv

?88>Ihka~n ns }s|in} cn snzsn 6 Punksr~ ~v~i }s~cnklidrW $ Ilclh Gdrhr~) Hkhsdi Inkh)Ilclh Rhrvhr~ Pns hiW 0 ^kl cn ]shs clk Gdicdh) Bhm cn Io l Ils ]srlkn) Mhsncrh BlididalnBr /Arladrn Mlkmlinl/ Nc rn l mdrnmshs Mj 6 MNU ^]G) ?588 85 nzL]OK P?588'?85=W' ' 8+ Ilgoh brhkmnv Hkhilv ilkal}slm ]slil}slm *br+,+

:888==8!3?*51>,

:88+8=>+8 Ilgoh rdgk?882Mldohk~) N+Mdgudvllh mdihr 6 gdcnin cn snzsn ih io l ils rdg 6 unksr~ mi >'< $ N Mldohk~ Mj

6 PUrha'=W) ?588 83? u 6 sho 0 ?5 mgOloildar6 u 838'83? *=2 sls, >555 nzL]OK 8!?3=+:?88=>85

?88

7/23/2019 BNM 2011-11

45/237


3>

L]OK 85

Mi h 1'h $ h~s6 H~rnilh Ghrm~) Ghrlhkh Akhsl~m) Shslhkh Mjninh Pns hiW Mj 6 ] k) ?588*Sludar clk Drjnl, 3: u 6 bla) sho 0 ?8 mg

H~s }~ks lkclmhl un } b cn sls 8555 nzL]OK

H~s }~ks lkclmhl un } b cn sls 8555 nzL]OK

*Sludar clk Drjnl, 3: u 6 sho 0 ?8 mgH~s }~ks lkclmhl un } b cn sls 8555 nzL]OK

Alg 6 ghk mi~v unksr~ mlmi~ algkhvlhi 6 mi >'< 6 Pih io l ils rdgW 6 Gngdrhsdrunksr~ algkhvl~ $ G Uhh'O~rihm~) H _nnkm~ Mj 6 Mhcrhk) ?588 *Sludar /Urha'=/ ]_I, 82: u 6 bla) sho 0 ?3 mg

1555 nzL]OK P?588'8W' ' 8+ Ilgoh rdgk Ghk~hin+ ?+ Ilsnrhs~r rdgk Ghk~hin

:888=>8+:?88=>85=,

_~}~) Mrl}slkh+ Clmldkhr anrghk'rdgk) rdgk'anrghk Rnvl Kr ?88=

?8?3R~iun) Hkh

7/23/2019 BNM 2011-11

46/237


32

Clmldkhr nzuilmhsl l nslgdidalm 6 Phi io rdgW $ Hkh R~iun Nc h ?'h) rnv l hms~hil'vhs Mj 6 Oloildk) ?588 P*Mdgolkhs~i Udilar) dr Snrl) _~}lh,W 855: u 0 ?8 mg *Oliildk,

H~s n}sn lkclmhs un } b cn sls =555 nz

L]OK *k mdu shrn,P?588'?5=2W' ' 8+ Ilgoh rdgk Clmldkhrn+ ?+ Clmldkhr nzuilmhsl l nslgdidalm Ilgoh rdgk+

:888=>8!=13=$3

:88+8=>+8*31:, Ilgoh rdgk clk _nu~oilmh Gdicdh

?8?>]shsl) Rh}linClmldkhr gdicdnkn}m'rdgkn}m $ Rh}lin ]shsl 0 rnc s6 Hkcrnl Jrdudslk}mjl 0 mdu

Hildkh Mdfdmhr~ Nc h ?'h) rn l mdgui Mj 6 ] k) ?588 *Sludar HG, =?: u 0 ?5mg *]nrlh 6 Oloildsnmh Urd Gdicdh,

>555 nzL]OK 8*31:,!=13=

:88+828+8 Ilgoh r~}

?8?2 6 8: $ 6 0 6 P W 0 6 0 ) ' Mj 6 Rnmsdr R'K 0 PW 6) ?588 *Mdgolkhs~i Udilar, ?5 mg * / /, L]OK

7/23/2019 BNM 2011-11

47/237


31

Dunrh udnslm 6 Pk ? diW $ Ghsnl Rlklnm 0 mdu6 Rlshiln Mdrdohk Mj 6 Mhrslnr) ?588*Sludar /Odk} Dbblmn}/ ]_I, 8= z 8: mg *Mdinmlh Udn}l} $ mddrc cn Ng Ahihlm~'U~k, L]OK 85 nz L]OK +8*31:, Ilsnrhs~r rdgk clk _nu~oilmh Gdicdh

?8=5Onilmd) ]nrhblg]~bins glkhs 6 Pnr}~rlW $ ]nrhblg Onilmd 0 mdu6 Rlshiln Udadih Mj 6 I~glkh) ?588*BN'U /Sludar Mnksrhi/, u 0 ?5 mg8555 nzL]OK '?22'1P?588'?58=W' ' 8+ Ilsnrhs~r rdgk clk _nu~oilmh Gdicdh Udnvln+

:?88=>8*31:,'8 Onilmd

?8=8Mhihghkml~m) AjndrajnCdkf~hk cn g~mhh 6 _dghk $ Ajndrajn Mhihghkml~m 0 mdu6 Hch o~inhm Mj 6

Nclsnrrh Urlg) ?588 *BN'U /Sludar Mnksrhi/, ?=5) P8W u ?5 mg

Huhrn m~ }urlflk~i blkhkmlhr hi ci Klmdihn C~gornhk~ ?55 nzL]OK ='5??'3P?588'?581W' ' 8+ Ilsnrhs~r rdgk clk _nu~oilmh Gdicdh _dghkn+

:?88=>8*31:,'=8 Mhihghkml~m

?8=?Mjllk~i k ilsnrhs~r 6 Hksdidaln $ Oloi G~klmluhi /O U Jhcn~/ 0 hims lmddrc6 Ankdnh ]mdoldhi 0 lcnn) mdkmnuln l rn}u nc6 Ilclh @~il`d}`l 0 rnc oloildar6Mih~clh Srlmdilml Mj 6 Arhbngh Ilorl}) ?588 >1> u 0 ?8 mg M~urlk}6 _lhilshsn 0 Mhul's~ihrn 0 Klglm lgud}loli $ Ldk Hksdk Drh~i~l Mjllk~ $ ]nrhblg Onilmd Mldmhkh Kd~ 0Mjllk~i $ Ldk Odic~gh ilmjnblhs $ H~rnilh Odrvlhk ]himgll Mjllk~i~l 0 Drh~i gn~) Mjl'lk~ $ Nglilhk O~md Drh k uidhln 0 Bus~rh hio 0 G}~r $ Hkcrnl O~rhm Bidhrnh clkbnrnh}sr $ Lhmdo O~rajl~ Srhk}lihklh $Hinzhkcr~ O~r~lhk Snll Mjllk~i~l $H~rnil~ O~}~'ldm Cluslm mjllk~lhk 6 idm 0 hk br lhrk 0 Hgoh}hcn ih Mjllk~ $ Ind O~skhr~ Drh~i lnll0 Cdr kf~kajlhs 0 Mjllk~i mdsrduls $ Ldkni Mul ]mrl}dhrn ghgnl 6 *Udng, $ Unsr~ MrhrnMksnm unksr~ bhsh! k hio $ Hkhsdi Mldmhk~ Cnl sn rnh~ gdcnrk *Mjllk~i~l, 0 Ih HighGhsnr $ Ilch Mdcrnhkmh ]himgll Mjllk~i~l 0 _dkcni~i }srvll Hrgnknsl 0 Drh~i cdhrgn 0Dradil~ orosn}m 0 ]dkns ~rohk $ Klmdihl Md}snkmd O~k vl~h) drh~in( 0 Mjllk~i~l 0 Drh}michs cn urlgnrl $ Unsrnh Mr~mnkl~m Lhrk khldkhil}s 0 Hn Ghrlh $ Klmdihn Cholfh I~'gnh v~s cn ih nshf~i mlkml 0 D }nrnkhc un }srhch Ghsnnlml $ Ill~ Chglhk Mjllk~ >55 0 Drh k kdhusn $ Ill~ Cninhk~ ]d}lrn ih Mjllk~ $ Klmdihn N}lknkm~ J~i~o~i k Mjll'

k~ 0 Mjllk~i urlghrh$ L~ilhk Blilu Mj'~ $ Nglilhk Ahihlm~'U~k D) nmjl drh hi udnvl'

7/23/2019 BNM 2011-11

48/237


3:

nl $ Gljhli Ahrhv Udsh Rnmjn) 8

7/23/2019 BNM 2011-11

49/237


35' 0 $ 0 $ ' $ + + l l $ $

0 $ &&& ) 0 &&&/ /) $ ) $ 0 $ 0 $ 0 ) $ 0 $ ' $ $ $ l 0 $ &&& 0 6 0 &&& ) $ $ 0 6 * , $ 0 &&&) $

Un mdsdr6 >1> Snzsn6 io rdg) r~} Lkc cn k~gn) cn sls6 u >>='>1> >1> nzL]OK ?'88:'> *k mdu shrn,P?588'8878288

?8==Mddhrn gdicdnknsl 6 82 slknrl urdvhsdrl oh}hrhonkl 6 Pudn}slrlW $ Oloi G~klml'uhi /O U Jh}cn~/ 0 hims6 C~glsr~ Mr~c~ Mj 6 Arhbngh Ilorl}) ?588 82: u 6 bds 0 ?5mg

855 nz

L]OK ?'8??'?P?588'?511W

7/23/2019 BNM 2011-11

50/237


>5

' ' 8+ Ilsnrhs~r rdgk clk _nu~oilmh Gdicdh Udn}slrl+:?88=>8*31:,'=*5:?,

?8=3M~sh}nlml) AjndrajnMksnmnin) jdrnin 6 Udngn l mlmi~rl'udngn $ Ajndrajn M~sh}nlml 0 mdu6 M

Mjlrsdhm Mj 6 Iholrlks'M~sh}nlml) ?588 =>?) P8W u) P8W b udrsr 0 ?2 mg855 nzL]OK Crahk) Arladrn]bhs~rl knmn}hrn unksr~ glm l ghrn 6 PnularhgnW $ Arladrn Crahk 0 ulms6 _hc~ Cldrcln

Mj 6 PL~ilhkW) ?588 ?=? u 6 cn} 0 8< mg?555 nzL]OK ) P?W u 0 ?5 mg *Urlgh nroh,>55 nzL]OK

7/23/2019 BNM 2011-11

51/237


>8

Cngklshsnh) mh sn}shgnks 6 Prnbinmll cn}urn unr}dkhilsl clk _nu GdicdhW $ HinznlGhr~inh 0 mdu6 Ahorlnih Ghr~inh Mj 6 Crhajlsnh) ?588 */Sludar _nmihgh/ ]H, ?2=) P8Wu 6 bds) L'ZRL u bds mdidr 0 ?5 mg

8555 nz

L]OK ':3'?P?588'?835W' ' 8+ Ilsnrhs~r rdgk clk _nu~oilmh Gdicdh+

:?88=>8*31:,'< Ghr~inh

?835Ghsmd}mjl) C~glsr~Gdrlidr) l~on}m 6 Pudngn crhghslmnW $ C~glsr~ Ghsmd}mjl Mj 6 Urdbn}ldkhi ]nrl'

mn) ?588 8?2) P8W u) P8W b udrsr 0 ?8 mgHuhrn m~ }urlflk~i blkhkmlhr hi mdguhklnl Drhkan Gdicdh >55 nzL]OK 8'=58*31:,'8 G~ksnhk~

?833Knahr) NmhsnrlkhIh~c ghaklblm) Nglkn}m~ 6 dc k gnsr~ }hmr~ $ Nmhsnrlkh Knahr Drjnl 6 ] k)

?588 *Sludar clk Drjnl, 82 u 0 ?5 mg>55 nz

7/23/2019 BNM 2011-11

52/237


>?

L]OK Uhu~m) ChklnihUdil}nglh }srll 7 Ih udi|}gln cn i!shs c!gn 6 Udnvll $ Chklnih Uhu~m 0 srhc6 Ahilkh

Grvh) Chklnih Uhu~m 0 mdu6 Rlshiln Inmh 0 bdsd6 Hkcrnl Rlvlr~ Mj 6 ] k) ?588 *BN'U/Sludar Mnksrhi/, 3: u 6 bds mdidr) P8W b udrsr 0 ?? mg

Sls) snzs uhrhi6 io rdg) br >55 nzL]OK ='5?1'878==8 Uhu~m

?832Uhrsdin) Mih~clh^islgh hghks 6 Pudn}slrlW $ Mih~clh Uhrsdin 0 mdu6 Gljhl Ohmlk}mjl Mj 6 Hrm) ?588

*Mdgolkhs~i Udilar, 8=>) P8W u 0 ?5 mg>55 nzL]OK 8*31:,'8 Ulsil`'Vhmdk

?83

7/23/2019 BNM 2011-11

53/237


>=

:?88=>8*31:,'=8 Ud}sdihmjl

?8>5_dmh) HkcrnlGdrh~rl k dailkc }srgo 6 *Clmldkhr nzuilmhsl'~gdrl}slm k nr}~rl, $ Hkcrnl _dmh 0

cn} cn Hinznl Mdioknhm 6 mdu cn Rihclglr ]lkl`l Mj 6 Urdgnsn~) ?588 *Mdgolkhs~i

Udilar, >5: u 0 ?? mg255 nzL]OK 8]nrnorlhk) DinaMksnm~i grll 6 _dghk $ Dina ]nrnorlhk 0 mdu6 Rlshiln Mdrdohk Mj 6 Mhrslnr) ?588

*Mdgolkhs~i Udilar, =8*31:,'8 ]~mnnhk~

?8>=Rlnr~) LdkHcnr mdg~k 6 Pnr}~rlW $ Ldk Rlnr~ 0 mdu6 Rihclglr Vgnn Mj 6 I~glkh) ?588 *BN'

U /Sludar Mnksrhi/, '?2>'5P?588'?58?W

' ' 8+ Ilsnrhs~r rdgk clk _nu~oilmh Gdicdh Udnvln+ :?88=>8*31:,'8Rlnr~

?8>3Rlnr~) IlilhkhK~ }~ks cnms l~olrn 6 Rnr}~rl $ Ililhkh Rlnr~ 0 urnb6 Ghrmnih Ghrchrn 0 mdu6 _~zhkch

_dghkml~m Mj 6 Udksd}) ?588 */Sludar _nmihgh/ ]H, 83?) P8W u 6 bds 0 ?5 mg8?5 nzL]OK 8'=5='2P?588'?515W' ' 8+ Ilsnrhs~r rdgk clk _nu~oilmh Gdicdh Udnvln+

:?88=>8*31:,'8 Rlnr~

:?8+828+8*31:, Ilsnrhs~r r~} clk _nu~oilmh Gdicdh

7/23/2019 BNM 2011-11

54/237


>3

?8>>) 6 $ 0

6 Hrs Ar~u Ornns) ?588 8?1 u 0 ?5 mg855 nz

L]OK =W

7/23/2019 BNM 2011-11

55/237


>>

' ' 8+ Ilsnrhs~r ar~vlk Udn}slrl+:?8=>=8'=8 O~rml~ihcvn78=>8

:?$:?8'='582'=

P?588'?553W' ' 8+ Ilsnrhs~r unksr~ mdull Udnsl *br+) r~},+

7/23/2019 BNM 2011-11

56/237


>2

:?8'Mlkni mlkni 6 Ajlml mn n4 6 PajlmlsdrlW $ }ni6 Gljhnih Gninah 0 li cn Hkcrnl Lmjlg 0mdkmnulh arhb l mdu6 Hkcrnl Lmjlg Mj 6 Mhcrhk) ?588 *Sludar /Odk} Dbblmn}/ ]_I, 3:u 6 li mdidr 0 ?? mg

8555 nzL]OK ='581'5P?588'?55>W' ' 8+ Ilsnrhs~r unksr~ mdull Udnsl *br+) r~},+

:?8'

7/23/2019 BNM 2011-11

57/237


>1

?815Glmh ]lrnk 6 Pudn}sn chknv c~u blig~i m~ hklghsn m~ hmnihl slsW $ mdu6 Rih'clglr Vgnn Mj 6 Ilsnrh HRK) ?588 *Sludar /Hrhsd/) Lshilh, 2?) P?W u 6 cn} mdidr 0 ?:mg *Mdinmlh /Cl}kn|Urlkn}n/, *Udnsl kcralsn 6 k ?3 di 0 8>,

Sls drla6 Ilssin Gnrghlc ?8>55 nz

L]OK ) P?W u 6 li mdidr 0 ?2 mg *]nrlh /Udnsl clchmslmn/,

=555 nzL]OK 55 nzL]OK

7/23/2019 BNM 2011-11

58/237


>:

P?588'???:W' ' 8+ Ilsnrhs~r unksr~ mdull Udnsl *r~},+

:?8'55 nzL]OK

7/23/2019 BNM 2011-11

59/237


>'?5: =55 nzL]OK 8*31:+311:>,5

7/23/2019 BNM 2011-11

62/237


2?

L]OK P?588'?8W' ' 8+ Andarhblh mdkslknksnidr l dmnhknidr *r~},+

=,

:) P?W u 6 sho 0 ?? mgOloildar6 u 8'?2='=P?588'?838W

' ' 8+ Hrjln _nu~oilmh Gdicdh Inal}ihln+ *31:,*5

7/23/2019 BNM 2011-11

63/237


2=

7/23/2019 BNM 2011-11

64/237


23

??58_nsrd Mjllk~ 6 Pl}sdrlh gdk~gnksnidr hrjlsnms~rhin 6 hio~gW $ Glk M~is~rll hi_nu Gdicdh) Hankln cn Lk}unmshrn l _n}sh~rhrn h Gdk~gnksnidr 0 mddrc di6 snbklLdk 0 mdi rnc6 Mdin}klm L~rln) ]dks~ Ajnkhcln) Mjnrclhr Hildkh Pns hiW Mj 6 MdkslknkshiAr~u) ?588 ,618

7/23/2019 BNM 2011-11

65/237


2>

=3?:3*53=?,

??5>O~}jkhx) ShslhkhSnjkdidall mdg~klmhsln cn urnchrn h brhvndidal}gnidr nkainvn k kgks~i }~unrl'

dr 6 ]unm6 8=555? Sndrlh l gnsdcdidalh lk}sr~lrll *io nkai, 6 H~sdrnb sv cn cdms k unc $O~}jkhx Shslhkh 0 ^kl Unc cn ]shs /Ldk Mrnhka/ clk Mjllk~ Mj 6 ] k) ?588 *Sludar^U] /Ldk Mrnhka/, => u 6 bla) sho 0 ?8 mg

Oloildar6 u =5'=8 *=3 sls,P?588'83> SnvnW

=15825326:88888!=213*53=?,

??52O~sh) AhilkhUhrslm~ihrlslin drahklvrll h}l}snknl gnclmhin urlghrn k mdkclllin h}la~rrlidr gnclmhin

doilahsdrll k g~klmlul~i Mjllk~ 6 8355== Gnclmlkh }dmlhi l ghkhangnks 6 H~sdrnb sv cncdms k gnclmlk $ O~sh Ahilkh 0 ^kl cn ]shs cn Gnclmlk l Bhrghmln /Klmdihn

Sn}snglhk~/ Mj 6 ] k) ?588 *Sludar /Hmdgnc'Ui~}/ ]_I, =5) P8W u 6 bla) bla mdidr)sho 0 ?8 mgOloildar6 u ?>'?1 *3? sls,P?588'831 SnvnW

283?6=2:8 SnvnW28:='81 *=2 sls,P?588'82> SnvnW

2==::62=8>*53=?,

??5: SnvnW

=15

7/23/2019 BNM 2011-11

66/237


22

Chlc I~cglih 0 ^kl cn ]shs cn Gnclmlk l Bhrghmln /Klmdihn Sn}snglhk~/ Mj 6 /UrlgnzMdg/ ]_I) ?588 =5 u 6 bla mdidr) sho 0 ?8 mg

Oloildar6 u ?>'?2 *?2 sls,P?588'822 SnvnW

282=2'55=:?2+28>?*53=?,??88Ahilghk) ]lgdkhCrnus~i glkdrlslidr khldkhin ih lcnkslshsn nsklmh 6 ]unm6 8?555? Crnus u~oilm *mdk'

}sls~ldkhi,0 Drahklvhrnh l b~kmldkhrnh lk}sls~llidr cn crnus 6 H~sdrnb sv cn cdms k crnus $Ahilghk ]lgdkh 0 Lk}s cn L}sdrln) ]shs l Crnus hi Hmhc cn sllkn h _nu Gdicdh Mj 6 ]k) ?588 *Sludar ^ILG, 38 u 0 ?8 mg

Oloildar6 u =2'=1 *?2 sls,P?588'823 SnvnW

=3?1?3*53=?,

??8?Al~rm~) Hcrlhk_}u~kcnrnh ghsnrlhi gdchilshsn h r}u~kcnrll f~rlclmn 6 *h}unmsn sndrnslmd'urhmslmn,6 ]unm6 8?5558 Sndrlh ank h crnus~i~l0 L}sdrlh }shs~i~l l crnus~i~l0 L}sdrlh cdmsrlknidr udil'slmn l cn crnus 6 H~sdrnb sv cn cdms k crnus $ Al~rm~ Hcrlhk 0 Hmhc cn sllkn h Gdicdnl)Lk}s cn L}sdrln) ]shs l Crnus Mj 6 MNU ^]G) ?588 ==) P8W u 0 ?8 mg

Oloildar6 u ?:'=5 *== sls,P?588'8>5 SnvnW

=358?*53=?,

??8=Adkh) NinkhHkhilvh sngudrhi h harnahsnidr ghmrdnmdkdglmn k N~rduh cn ]~c'N}s 6 5:5588

]shsl}slm nmdkdglm 6 H~sdrnb hi sv cn cdms k nmdk $ Adkh Ninkh 0 Hmhc cn ]s~cll Nmdk hGdicdnl Mj 6 ] k) ?588 *Sludar Cnu nc'udilar hi H]NG, ?2) P8W u 6 bla 0 ?8 mg

Oloildar6 u ??'?= *=5 sls,P?588'8>? SnvnW

==5858>38*3,*53=?,

??83J~ridl~) Ldk L~ilhkMddunrhrnh nmdkdglm lksnrkhldkhi k cdgnkl~i mdgohsnrll brh~cnidr bl}mhin 6 ]unm

5:5583 Nmdk gdkclhi0 rnihll nmdk lksnrk 6 H~sdrnb sv cn cdmsdr k nmdk $ J~rid~ LdkL~ilhk 0 ^kl Ilonr Lksnrk clk Gdicdh Mj 6 MNU ^]G) ?588 ?:) P?W u 6 bla) sho 0 ?8mg

Oloildar6 u ?>'?2 *?3 sls,P?588'82? SnvnW

==

7/23/2019 BNM 2011-11

67/237


21

??82Ghrmdlml G~a~rni) HilkGhkhangnks~i lksnrhml~kll /Gncl~i nzsnrk cn hbhmnrl mdguhkln/ 6 5:555> Nmdk l

ghkhangnks *k srhk}udrs, 6 H~sdrnb sv cn cdms k nmdk $ Ghrmdlml G~a~rni Hilk 0 Hmhc cn]s~cll Nmdk clk Gdicdh Mj 6 MNU ^]G) ?588 =5) P8W u 6 bla) sho 0 ?8 mg

Oloildar6 u ?>'?2 *83 sls,P?588'8>< SnvnW2>21655>*53=?,

??81G}ilmjl) RhinkslkhMdkslk~lshsnh k bdrghrnh mdgunsnknidr ilkal}slmn ih mdulll cn r}s urnmdihr ghrn l

mdihr glm 6 ]unm 8=5558 Unchadaln ank 6 H~sdrnb sv cn cdms k unchadaln $ G}ilmjlRhinkslkh 0 ^kl cn ]shs clk Gdicdh Mj 6 ^H]G) ?588 ?:) P8W u 6 bla 0 ?8 mg

Oloildar6 u ?='?> *?8 sls,P?588'83< SnvnW

=1=?*53=?,

??8:Unslm) GlrmnhH~sdghslvhrnh urdmn}~i~l cn mrnhrn h rn}~r}nidr ilkal}slmn mdgu~shldkhin 6 585>58

Ohvnin sndrnslmn hin lkbdrghslmll0 urdarhghrnh mhim~ihsdhrnidr 6 H~sdrnb sv cn cdms k lkbdrgh'slm $ Unslm Glrmnh 0 Hmhc cn sllkn h Gdicdnl) Lk}s cn Ghsnghslm l Lkbdrghslm Mj 6Urlgnz'Mdg) ?588 =5 u 0 ?8 mg

Oloildar6 u ?>'?2 *?1 sls,P?588'8>1 SnvnW

5536:88*53=?,

??8

7/23/2019 BNM 2011-11

68/237

7/23/2019 BNM 2011-11

69/237


2I~uhm~) R ?85>I~uhm~) Rhinrl~ ?852'51I~u~) Ldk ?5:>I~snkmd) Ilkh ?53:I~znko~ra) H ?8=?

G

Ghmrlklml) ]drlkh ?551Ghchk) Ajndrajn R ?8=?Ghldr) Andran Mrl}slhk ?5?2Ghihl) Nglilh ?522Ghihknmjl) Rh}lin ?8=?Ghihrml~m) Ajndrajn ?8=?Ghin) Rnrh ?8=?

Ghrmdlml G~a~rni) Hilk ??82Ghrm~) H~rnilh ?88:'??Ghrchrn) Hkcrnl ??5?Ghrchrn) Ghrmnih ?838) ?83:) ?8>3Ghrlhk) R 8G}ilmjl) Rhinkslkh ??81G~) Ldk 8Gdrnl) Rlralil~ ?5

7/23/2019 BNM 2011-11

73/237


1=

Unrfhk) Mhrdilkh 8_~}~) Rhinrl~ ?8=?

]

]hh) Gljhl ?8:=]mjlmd) Klmdihn ??5?]mjglcs) Rllnk H 88

]lkl`l) Rihclglr ?8>5]illk}mjl) Ri ?8=?]i~s~'Arhgh) M ?8

7/23/2019 BNM 2011-11

74/237


13

S

Shohk) Ninkh ?5Shm) Gljhl ?85=) ?8) ?58=) ?825) ?82?) ?821)

?815) ?813) ?812) ?81:) ?8:5Vgn~) Hkhsdiln 82

) ?8=?) ?8:3) ?523

) ?885

) ?5?:) ?8=?) ?8=?) ?8=?) ?58:) ?5?

) ?8=?) ?523

) ?585) ?8?2'?1

) ?5>) 81

) ?8:3

8

7/23/2019 BNM 2011-11

76/237


12

) ?8

7/23/2019 BNM 2011-11

77/237


11

LMS unksr~ ninll m~ MN] ?538Lguhms~i mrlvnl ghkhanrlhin h}~urh hmsllsll

glkl}snr~i~l hbhmnrlidr lksnrkn ?5?5Lksnrhml~knh gnsdcnidr k kgks~i }~un'

rldr ?53:Lksnrhml~knh dg'mhim~ihsdr ?53?

karlflrnh odikhlidr g~rlo~kvl k _nu~oilmhGdicdh ?52:

F~rkhilsll mdksrh mdr~ulnl 8Ilgoh l ilsnrhs~rh rdgk ?88:'??Il}sh i~mrrlidr sllklblmn l h slsi~rlidr cn urdsnm'

ln u~oilmhsn k hk~i ?585 clk hisn }~r}n cnblkhkhrn cnms mnin o~anshrn ?585 8_hudrs urllkc rn}unmshrnh crnus~rlidr dg~i~lk _nu~oilmh Gdicdh k hk~i ?585 ?55:

_hudrs urllkc }shrnh }nmsdr~i~l bdrn}slnr clk_nu~oilmh Gdicdh ?5:3

_nihllin gdicd'o~iahrn6 Unr}dkhilsl ghrmhk'sn kgks l sllk ?5=?

_nu~oilmh Gdicdh ?8 ?82=

?828 8

7/23/2019 BNM 2011-11

78/237


1:

?823 81 ?8

7/23/2019 BNM 2011-11

79/237


1/Cnvdishrnh c~rholi h }nmsdr~i~l bdrn}slnr

kdl dolnmsln l urldrlsl/ ]lgudvldk lksnr'khldkhi *rdg) nkai) r~}, ?5:?

Clhons vhjhrhs ?51?Clmldkhr nzuilmhsl l nslgdidalm Ilgoh

rdgk ?8?3Clmldkhr anrghk'rdgk) rdgk'anrghk

*rdg) anrg, ?88='83Clmldkhr gdicdnkn}m'rdgkn}m ?8?>Clmldkhrn ~klnr}hin li~}srhsn Ilgoh r~}

*r~}, ?8?2'?1Cl}b~kmll lksn}slkhin clhrnlmn ?518

Cdmsrlkn nmdkdglmn *r~}, 8

7/23/2019 BNM 2011-11

80/237


:5

Ilgoh rdgk clk _nu~oilmh Gdicdh Clml'dkhrn ?8?>

Ilgoh rdgk unksr~ hidilkal Sn}sn ?881'??

Ilgoh r~} Clmldkhrn *r~}, ?8?2'?1Ilkal}slm ?888Ilsnrhs~rh rdgk l snhsr~i udu~ihr ?8:Ilsnrhs~r nkainv Sndrln l mrlslm ilsnrhr

*nkai, ?8:>Ilsnrhs~r anrghk Ghk~hin ?8:2Ilsnrhs~r ar~vlk Udn}slrl ?8>Ilsnrhs~r unksr~ mdull Udnsl *br) r~},

?823) ?82) ?811) ?81?'>3

Ilsnrhs~r rdgk clk _nu~oilmh Gdicdh Udnvln ~gdrl}slm ?8>5

Ilsnrhs~r rdgk clk _nu~oilmh Gdicdh Udn}slrl ?8==) ?8=2) ?8=:) ?83?) ?832

Ilsnrhs~r rdgk clk _nu~oilmh Gdicdh _dghkn ?8=8) ?8=1) ?838

Ilsnrhs~r rdgk clk _nu~oilmh Gdicdh?8=)}hhks r~} *mjlgl}s) blvlm) l}sdrlm) }mrllsdr,*r~}, 81

Idsnhk~) Ngli) 8

7/23/2019 BNM 2011-11

81/237


:8

Udilln f~clmlhr Lkbrhml~kl Urnnklrn Cn}mdunrlrn ?5?=

Urn}shll }dmlhin _nu~oilmh Gdicdh ?5?1/Urdoingn hms~hin hin sllknidr }dmld~ghkn/

Mdkbnrlk sllklblm h }s~cnklidr *rdg)nkai) r~}, 8

7/23/2019 BNM 2011-11

82/237


:?

Ol}nrlmh *^kl~knh cn Mdkbnrlkn, h Hcnkslslidr cnVl~h h husnh clk _nu Gdicdh 8:'>'>?31,KDRNGON_

5 ANKN_HILSL

55OHVNIN ANKN_HIN HIN M^KDHSN_LL L M^IS^_LL

558 sllk l m~kdhsnrn k anknrhi

*Rnvl Kr 32=3) 32>:) 3228) 3:23,

553 sllkh l snjkdidalh mhim~ihsdhrnidr+ Urni~mrhrnh chsnidr

*Rnvl Kr 32?+8 Sndrlh l urhmslmh drahklvrll

32?> Orm) Hilm+ Knmn}lshsnh huhrllnl ghkhangnks~i~l u~oilm mh cdgnkl~ cl}slkms hisllknl ghkhangnks~i~l 7 Sjn knnc bdr sjn ngnrankmn db u~oilm ghkhangnks h} h cl}slkmsblnic db ghkhangnks }mlnkmn $ Hilm Orm) Mrl}slhk Mjl~in}m~ $$ Nmdkdglmh ?588 Kr ? U 35'33 Sls) snzs uhrhi 6 io rdg) nkai _nv k io rdg) nkai Oloildar 6 88 sls

*Rnvl cn h}ngnknh Kr 3138,

55: Mllilvhln+ M~is~r+ Urdarn}

32?2 Uimlks) S~cdr+ S~cdr Uimlks 6 M~is~rh n}sn gnmhkl}g~i urlk mhrn gl cnbl'kn}m lcnkslshsnh mh lkcllc 6 Plksnrl~ m~ nb~i Clrnmlnl m~is~r l s~rl}g clk rhldk~i JkmnslW $ hlksnrlnhs 6 _dglkh Ui~ahr~ $$ _nhilsl M~is~rhin ?588 Kr > U ??58,5?OLOILDSNMDKDGLN

32?1 Hgdrls~) Hkanih+ Clnr}lblmhrnh }nrlmllidr lkbdrghldkhin k }urlflk~i urdmn}~i~lnc~mhldkhi 6 Pclk nzunrlnkh Oloi s h H]NGW $ Hkanih Hgdrls~ $$ O~i HO_G ?588 Kr8 U >5'>? Oloildar 6 > sls

32?: Hrldk) Il~odl+ Oloildsnmh mdihr ksrn srhclln l gdcnrklshsn 6 Hsnilnr urdbn}ld'khi 6 *mdg~klmhs,$ Il~odl Hrldk $$ O~i HO_G ?588 Kr 8 U 85>'852

7/23/2019 BNM 2011-11

84/237

Mrdklmh hrslmdinidr cn rnl}s Kr 88'?588 Ghahvlkn hrslmin hkkhi} Kr 88'?588

:3

32? sls

32=8 Mhihkmnh) Ghrlh+ Drnin cn m~is~r lkbdrghldkhi l bdrghrnh unksr~ lh honknblmlhrlidr oloildsnmll mdihrn $ Ghrlh Mhihkmnh $$ O~i HO_G ?588 Kr 8 U 858'85?

32=? Mnodshrl) Ghrahrnsh+ Rdi~kshrlhs~i nr}~} Oloildsnmh ?5 6 Pk mhcr~i OG /O UJh}cn~/clk Mjllk~W $ Ghrahrnsh Mnodshrl $$ O~i HO_G ?588 Kr 8 U 1?'1> Oloildar 6 2 sls

32== Mjnrhcl) Khshilh+ Urdarhg~i nLBI'DH clk _nu~oilmh Gdicdh k hk~i ?585 $Khshilh Mjnrhcl $$ O~i HO_G ?588 Kr 8 U 8='82

32=3 Mjnrhcl) Khshilh+ U~oil}j dr Unrl}j l Addain }mjdihr lk}sr~gnksn gdcnrknunksr~ hkhilvh lguhms~i~l mnrmnsrlidr 6 Plkclmhsdrll oloildgnsrlml l }mlnksdgnsrlmlW $ KhshilhMjnrhcl $$ O~i HO_G ?588 Kr 8 U ?1'=5 Oloildar 6 83 sls

32=> Mjlsdrdha) Rhinkslkh+ Cn}mrlnrnh oloildarhblm h cdm~gnksnidr 6 hilklnrn ih kd'lin mnrlkn lksnrkhldkhin 6 Hsnilnr urdbn}ldkhi 6 PMjllk~) 88 kdlng ?585W $ Rhinkslkh

Mjlsdrdha $$ O~i HO_G ?588 Kr 8 U 853'85>32=2 Mldohk~) ]lilh+ ^slilvhrnh rnninidr }dmlhin k urdgdhrnh lghalkll Oloildsnmll

^klnr}lshrn cn ih Oil 6 Pclk nzunrlnkh Oloi s h ^kl cn ]shs /Hinm~ _~}}d/W $ ]lilh Mld'ohk~ $$ O~i HO_G ?588 Kr 8 U =8'==

32=1 Mdrajnkml) I~cglih+ Oloildsnmhrl cn mdk}l}snk mdgudrshgnkshi l urdbn}ld'khi 6 Pun ghralknh rnv~ishsnidr Mdkm~r}~i~l kh /Mni ghl o~k oloildsnmhr hi hk~i~l ?585/W $I~cglih Mdrajnkml $$ O~i HO_G ?588 Kr 8 U 1':

32=: Md}slk) I~cglih+ Oloildsnmh) oloildsnmhr~i k }nmdi~i ZZL 6 Pcn}urn ]l}sng~i Khcn Oloi l hmsllshsnh HO_GW $ I~cglih Md}slk $$ O~i HO_G ?588 Kr 8 U >'2

32=

7/23/2019 BNM 2011-11

85/237


:>

U

7/23/2019 BNM 2011-11

86/237


:2

32>> Smhml) Ililh+ M~is~rh lkbdrghldkhi k mdksnzs~i urldrlslidr urdbn}ldkhin LBIH $Ililh Smhml $$ O~i HO_G ?588 Kr 8 U :?':> Oloildar 6 : sls

32>2 ) + 6 ' $ $$ O~i HO_G ?588 Kr 8 U =: ) + $ $$ O~i HO_G ?588 Kr 8 U =3'=1 6 bla

5=5 I~mrrl cn rnbnrlk anknrhin*Rnvl Kr 32,

52 Drahklvhll *k anknrhi,

528 Drahklvhll+ H}dmlhll *k anknrhi,

*Rnvl Kr 31?1) 3:8>'82) 3:25,

8 BLIDVDBLN+ U]LJDIDALN

8$83 Blidvdbln

32>'?=2 Oloildar 6 83 sls

7/23/2019 BNM 2011-11

87/237


:1

*Rnvl cn h}ngnknh Kr >?58,

8> Mjl}hrl) Ililhkh+ U}ljdcrhgh mh gnsdc cn cnvdishrn h kmrncnrll k }lkn ihhcdin}mnkll mdksngudrhkl $ Ililhkh Mjl}hrl) Lkh Gdrhr~ $$ U}ljdidaln ?588 Kr 3 U ='826 bla _nv k io nkai Oloildar 6 8? sls

3222 Gdl}nnkmd) Hkh+ _nbinmll sndrnslmn h}~urh duslgl}g~i~l $ Hkh Gdl}nnkmd $$U}ljdidaln Unchadaln }unm H}l}snk }dm ?588 Kr ? U >2'>

7/23/2019 BNM 2011-11

88/237


::

321> Ghrmjni U] *Nul}mdu cn Oil l Binsl,+ H}ulrhlh mnrnh}m l mnhugksnh}m $ U] Ghrmjni) Nul}mdu cn Oil l Binsl $$ Gdicdnhkmh ?588 Kr :$'?? 6bds

321?58,

7/23/2019 BNM 2011-11

89/237


: Ari) N~ankl~+ Gnsdcn cn duslglvhrn knilklhr k }shsl}slm 7 Kdkilknhr}shsl}slmhi duslglvhsldk gnsjdc} $ N~ankl~ Ari $$ Nmdkdglmh ?588 Kr ? U 8>8'8>< 6bla Sls) snzs uhrhi 6 io rdg) nkai _nv k io rdg) nkai Oloildar 6 1 sls

=83$=82 ]dmlnshsn

=83 Cngdarhbln+ ]s~cl~i udu~ihlnl

32:2 O~ml~mnhk~'Rrholn) Ghrlhkh+ Ndi~lh nbnmsl~i~l l }sr~ms~rll udu~ihlnl _nu~'oilmll Gdicdh un vdkn nmdkdglmd'andarhblmn $ Ghrlhkh O~ml~mnhk~'Rrholn) Hkcrnl ]s~rvh $$_n cn Blidvdbln) ]dmldidaln l sllkn Udils ?588 Kr ? U ?58'?8= 6 bla) sho _nv k

io nkai Oloildar 6 2 sls l k kdsnin cn }~o}di

32:1 Ahah~v) Diah+ ]nmsdr~i Cngdarhbln 6 Phi Lk}s Lksnarhrn N~rdunhk l sllknUdilslmn hi HGW $ Diah Ahah~v $$ _n cn Blidvdbln) ]dmldidaln l sllkn Udils ?588 Kr ? U 35 sls,


=82 ]dmldidaln

32

7/23/2019 BNM 2011-11

90/237


'12

32

7/23/2019 BNM 2011-11

91/237


_do~) Rldrni+ Cl}shkh }dmlhi bh cn unr}dhknin cn hisn rh}n k rkc~i }s~'cnklidr rdgkl $ Rldrni _do~ $$ U}ljdidaln ?588 Kr 3 U ?3'=1 6 sho _nv k io nkai Oloildar 6 8? sls

3152 ) + $ $$ U}ljdidaln ?588 Kr 3 U 2

7/23/2019 BNM 2011-11

92/237


7/23/2019 BNM 2011-11

93/237


Klm~) Chk+ Lnlrnh clk glkdrhs $ Chk Klm~ $$ Miluh 6 }nr kd~ ?588 Kr > U 2': 6 bla) bds

*Rnvl cn h}ngnknh Kr 31=2) 31=8 6 bla)

sho Sls) snzs uhrhi 6 io rdg) nkai _nv k io rdg) nkai Oloildar 6 = sls*Rnvl cn h}ngnknh Kr 318=) >?32,

=?1 _nihll lksnrkhldkhin+ Udilslm lksnrkhldkhi+ Udilslm nzsnrk

31?1 Onrnadl) Khshilh+ Lkbi~nkh }dmlnsll mllin h}~urh udilslmlidr gnclhslmn khldkhin$ Khshilh Onrnadl $$ _n gdic cn crnus lksnrk l rnihll lksnrk ?588 Kr ? U 21'1 _nv k io rdg) nkai) r~} Oloildar 6 8? sls l k kdsnin cn }~o}di

31=8 Fdjhkkn}) Onrsjdic+ Gdicdh hrn udsnklhi cn nzudrs 7 Gdicdh Jh} ArnhsUdsnkslhi 6 Plksnrl~ m~ Nzmninkh ]h) Cr O Fdjhkkn}) Hgoh}hcdr~i Anrghklnl k _nu Gdi'cdhW $ mdk}ngkhrn 6 Khshilh Ml~ohrd $$ Urdbls ?588 Kr 88 U 1?'1>)

7/23/2019 BNM 2011-11

94/237


) + / / $ $$ _n gdic cn crnus lksnrk l rnihlllksnrk ?588 Kr ? U :2'

7/23/2019 BNM 2011-11

95/237


oldidalmhi mhulshi lk nmdkdglm cnnidugnks $ Knii| Blilu) Glrnih ]sdlmhk $$ Nmdkdglmh ?588 Kr ? U 15'1> Sls) snzs uhrhi 6 io rdg) nkai _nv k io rdg) nkai Oloildar 6 : sls

*Rnvl cn h}ngnknh Kr 322?) 3132,

==8 G~km+ _nihll cn g~km+ Nmdkdglh g~kmll+ Drahklvhrnh g~kmll3138 Odrmdghk) _hl}h+ _di~i /hksnmncnks~i~l/ l /mdk}nmlknl/ k }mjlgohrnh mdg'

udrshgnks~i~l 7 Sjn rdin db /hksnmncnks/ hkc /mdk}nx~nkmn}/ lk mjhkalka onjhldr 6 Pghkh'angnks~i rnihllidr cn g~km k draW $ _hl}h Odrmdghk) Nilrh Fdrdinh $$ Nmdkdglmh ?588 Kr ? U '> 6 sho _nv k io nkai Oloildar 6 2 sls

7/23/2019 BNM 2011-11

96/237


5 Cdc~'A~mnh) Ihrl}h+ Urdoingh idm~lknl }dmlhin k _nu~oilmh Gdicdh 7 Urd'oing db }dmlhi jd~}lka lk sjn _nu~oilm db Gdicdh $ Ihrl}h Cdc~'A~mnh) Hildkh I}l $$ Nmd'kdglmh ?588 Kr ? U 1>'1< 6 bla Sls) snzs uhrhi 6 io rdg) nkai _nv k io rdg)nkai Oloildar 6 < sls

*Rnvl cn h}ngnknh Kr 31>=) 3:>=) >5?=) >?31,

==3 Bdrgn cn drahklvhrn l mddunrhrn k hmsllshsnh nmdkdglm

31>8 Idohkd) Khshilh+ Clkhglmh ulnnl }nrlmllidr cn mdk}~ishk clk _nu~oilmhGdicdh l rnbinmshrnh urlkmluhinidr snkclkn hin nl 7 Ghr`ns c|khglm} db mdk}~islka }nrlmn}lk sjn _nu~oilm db Gdicdh hkc rnbinmsldk db ls} ghfdr srnkc} $ Khshilh Idohkd) _dghk V~omd

$$ Nmdkdglmh ?588 Kr ? U ?8'?2 6 bla Sls) snzs uhrhi 6 io rdg) nkai _nv k iordg) nkai Oloildar 6 < sls

*Rnvl cn h}ngnknh Kr 3151) 313?,

==2 Blkhkn

31>? OM Rlmsdrlhohk` ]+H+ 6 8> $$Urdbls ?588 Kr 85 U >?'>= 6 bds

31>= Mlgudln) C+ Ohkmh b~kmlhr mhshilvhsdr udsnklhi lgudrshks hi mdk}dilcrll sn'rnk~rlidr harlmdin clk _nu~oilmh Gdicdh $ C Mlgudln $$ sllkh Harlmdi ?588 Kr 8 U> Md}sl~m) Hkh+ Hkh Md}sl~m 6 Chm rnl } gkkml) srno~ln } chl clk mdhsn 6Plksnrl~ m~ H Md}sl~m) nzunrs ih Ohkmh Kh h GdicdnlW $ h clhidahs 6 Mdrlkh @lunrl $$ Gdicd'nhkmh ?588 Kr 85 U ?='?> 6 bds

31>2 Cdkl) Lrlkh+ Ghrnin urdgdsdr hi ~knl mhrlnrn cn }~mmn} 6 Pclhida m~ L Cdkl) f~rl}'mdk}~is urlkmluhi ih Ohkmh Kh h GdicdnlW $ h clhidahs 6 Mdrlkh Mdfdmhr~ $$ Gdicdnhkmh ?588 Kr 1 U ??'?= 6 bds

31>1 Unsrdlh) Hkcrnl+ Lgudvls~i un nkls hi unr}dhknidr f~rlclmn ksrn knmn}lshsn llk}sr~gnks cn nc~mhln bl}mhi 7 Mdrudrhsn lkmdgn shz onsqnnk knmn}}ls| hkc bl}mhinc~mhsldk lk}sr~gnks $ Hkcrnl Unsrdlh) Lhkh Hahmjl $$ Nmdkdglmh ?588 Kr ? U 883'8?? 6 bla) sho Sls) snzs uhrhi 6 io rdg) nkai _nv k io rdg) nkai Oloildar k kdsnin cn}~o}di

7/23/2019 BNM 2011-11

97/237


: Uduh) Hkcrnl+ Clgnk}l~knh mdgunslldkhi h ulnnl ohkmhrn clk _nu~oilmhGdicdh urlk url}gh lkclmhsdrlidr cn nblmlnk 7 Sjn cnarnn db ghr`ns mdgunslsldk dk sjnohk`lka ghr`ns db sjn _nu~oilm db Gdicdh sjrd~aj nbblmlnkm| lkclmhsdr} $ Hkcrnl Uduh) HildkhMrdlsdr~ $$ Nmdkdglmh ?588 Kr ? U 85>'883 6 bla) sho Sls) snzs uhrhi 6 io rdg)

nkai _nv k io rdg) nkai Oloildar 6 > sls

31>5:>) >5

7/23/2019 BNM 2011-11

98/237


7/23/2019 BNM 2011-11

99/237


2 _nv k io nkai Oloildar k kdsn) u >2*85 sls,

31:> Ghrlk) Hinzhkcr~+ _~}lh hcnr ih DGM *Drahklvhlh Gdkclhi h Mdgnr~i~l,Gdicdh msla 6 Pdulklh nzunrlidr $ L~rln Adslhk) nmdkdgl}s) Lkah Ldkn}l) nbh Clrnmlnl ankn'rhin udilslml mdgnrmlhin l DGM clk mhcr~i Glk Nmdkdglnl) Rldrni Mjlrlah) nzunrs nmdk LCL]/Rllsdr~i/W $ snzs cn Hinzhkcr~ Ghrlk $$ Urdbls ?588 Kr 85 U 13'12 6 bds

31:2 Gdcnrklvhrnh }l}sng~i~l hghi hi _nu~oilmll Gdicdh $ ]nrlml~i Rhghi hi _nuGdicdh $$ Rhgh ?588 Kr 3 U 58=) >53:,

7/23/2019 BNM 2011-11

100/237


855

==

7/23/2019 BNM 2011-11

101/237

7/23/2019 BNM 2011-11

102/237


85?

3:85 ) + ' $ $$ _n gdic cn crnus lksnrk l rnihll lksnrk ?588 Kr ? U 8?2'8=?

_nv k io nkai Oloildar 6 88 sls l k kdsnin cn }~o}di*Rnvl cn h}ngnknh Kr 31=5) 3:8=) 3:>5) 3:>3,

=3? Crnus u~oilm+ Crnus mdk}sls~ldkhi+ Crnus hcglkl}srhsl

3:88 Oho~) Rh}lin+ Mdk}dilchrnh }shs~i~l cn crnus) cngdmrhslm l }dmlhi c~u _ndi~'lh clk cnmngorln 8'== _nv kio nkai Oloildar 6 ?= sls

3:8? Ohmhid) ]nral~+ Mdkbnrlkh sllklblm lksnrkhldkhi h slknrlidr mnrmnssdrl/Mdk}dilchrnh l cnvdishrnh }shs~i~l cn crnus k mdksnzs~i lksnarrll n~rdunkn/ 6 Nc h >'h)

Mjllk~) =8 ghr ?588 $ ]nral~ Ohmhid $$ _n cn L}sdrln h Gdicdnl ?588 Kr 8$? U82:'821'>:,

=3?+>*31:, U~snrnh cn }shs) }l}sngn l b~kmll hin drahknidr cn }shs hin _nu~oilmll Gdi'

cdh

3:81 Skh}n) Hinzhkcr~+ Gdcnrklvhrnh rll lgud}loli br rnbdrghrnh f~}sllnl 6 Plk'snrl~ m~ H Skh}n) urnnclksn hi M~rll Mdk}sls~ldkhin clk _nu GdicdhW $ lksnridm~sdr 6Ghrlhkh Sho~kmlm $$ Urdbls ?588 Kr 88 U 23'2: 6 bds

=3= Crnus unkhi+ Urdmnc~r unkhi+ Mrlglkdidaln+ Mrlglkhil}slm

3:8: Orkv) ]nral~+ _}u~kcnrnh unkhi unksr~ lkbrhml~knh cn ldink k bhgliln

7/23/2019 BNM 2011-11

103/237


85=

*hrs ?588 MU _G, $ ]nral~ Orkvh) Rlshiln ]shsl $$ _n kh cn crnus ?588 Kr 85$88 6 Nc}unm U ='88 _nv k io nkai Oloildar k kdsn) u 85'88 *8: sls,

3:8 I~u~) Glrmnh+ Shmslmh h~clnrll cnk~ksdr~i~l l h ghrsdrlidr k mhv~i lkbrhml~kllcn i~hrn cn gls $ Glrmnh I~u~ $$ Inanh l lhh ?588 Kr 88 U 31'>5 _nv k ionkai Oloildar 6 85 sls

3:?2 Glcrlahk) Rlshiln']lil~+ Hurhrnh f~rlclmd'unkhi h ngorldk~i~l ~ghk nr}~}urdarn}~i sllklblm 6 ~knin urdu~knrl cn inan bnrnkch $ Rlshiln']lil~ Glcrlahk $$ _n kh cncrnus ?588 Kr 85$88 6 Nc }unm U 2='2

7/23/2019 BNM 2011-11

104/237


853

3:? sls

*Rnvl cn h}ngnknh Kr 3:

7/23/2019 BNM 2011-11

105/237


85>

?? _nv k io nkai Oloildar k kdsn) u >8'>? *=8 sls,

3:3= Uidsklm) Din}nh+ Gdchilsl cn hurnmlnrn h mhrhmsnr~i~l ho~vl k mhv~i ~knl mih'~vn mdksrhms~hin cn mdk}~g $ Din}nh Uidsklm $$ _n kh cn crnus ?588 Kr 85$88 6 Nc}unm U >1'2? _nv k io br Oloildar k kdsn) u 2? *?< sls,

*Rnvl cn h}ngnknh Kr 31>1) 31:8) 3:? _nv k io rdg)nkai Oloildar 6 : sls

3:3> Mdfdmhrl) N~anklh+ Gnclnrnh gdchilshsn hisnrkhsl cn }di~ldkhrn h mdkbilm'snidr $ N~anklh Mdfdmhrl $$ _n kh cn crnus ?588 Kr 85$88 6 Nc }unm U 8?'8: _nv k io br Oloildar k kdsn) u 8: *8= sls,

3:32 Dkmldl~) Mdrlkh+ Lk}shknin f~cnmsdrnsl $ Mdrlkh Dkmldl~ $$ Inanh l lhh ?588 Kr 88 U >>'>: _nv k io rdg) nkai Oloildar 6 2 sls

7/23/2019 BNM 2011-11

106/237


852

3:31 ]hcdnl) Klmdihn+ Khs~rh mnrngdklhi'rls~hilm h hms~i~l }dmlhi u~oilm cn kn}sl'rn k b~kmln h f~cnmsdr~i~l $ Klmdihn ]hcdnl $$ _n kh cn crnus ?588 Kr 85$88 6 Nc}unm U 3?'32 _nv k io nkai Oloildar k kdsn) u 32 *8? sls,

3:3: ^ka~rnhk) Lhk+ ]shkchrcn urllkc rn}udk}holilslin f~cnmsdrlidr $ Lhk ^ka~'rnhk $$ _n gdic cn crnus lksnrk l rnihll lksnrk ?588 Kr ? U 8=='8=2) 3:53) 3:?1'?:,

=3< _hg~rl }unmlhin hin crnus~i~l

*Rnvl Kr 313>,

=3=,

7/23/2019 BNM 2011-11

107/237


851

=32 Hrsnkn) Clhkh Hkmh+ _}u~kcnrnh k crnus~i gncl~i~l $ Clhkh Hkmh Hrsnkn $$Inanh l lhh ?588 Kr 88 U >5'>3 _nv k io rdg Oloildar 6 83 sls

=>HCGLKL]S_HLN U^OILM+H_S GLILSH_

=>8$=>3 Hcglkl}srhln u~oilm

3:>1 L}uh}) Klm~dr+ _}u~kcnrnh cl}mluilkhr h b~kmldkhrlidr u~oilml k _dgklh $Klm~dr L}uh} $$ Inanh l lhh ?588 Kr 88 U 3='32 _nv k io nkai Oloildar 6 :sls

3:>: Knhm~) ]drlk+ Hsrlo~ll urdurll h~sdrlslidr hcglkl}srhlnl u~oilmn $ ]drlk Knhm~$$ Inanh l lhh ?588 Kr 88 U =3'=: _nv k io nkai Oloildar 6 > sls

3:>

7/23/2019 BNM 2011-11

108/237


85:

=22 Mdk}~ghsdrl}g+ Urdoingn hin mdk}~ghsdr~i~l

*Rnvl Kr >583,=2: H}la~rrl

*Rnvl Kr >5:1,

=1NC^MHLN+KRGKS+LK]S_^L_N+SLGU ILON_

=1+5 Slu~rl l urlkmlull b~kchgnkshin cn nc~mhln

3:23 Hkcrlmjl) Rldrlmh+ Nshun l mdksrlo~ll hidrlmn hin }hhklidr clk _nu~oilmhGdicdh k cnvdishrnh ghkhangnks~i~l nc~mhldkhi $ Rldrlmh Hkcrlmjl $$ ^klnr} Unchadalm ?588 Kr = U :2'

7/23/2019 BNM 2011-11

109/237


85 6 bds _nv kiordg)nkai Oloildar 6 > sls

3:1> Mldohk~) Rhinkslkh+ Hrsl}s~i clk }~bins 6 Plksnrl~ m~ R Mldohk~) urdbn}dhr cnoldidaln hi Ilmn~i~l Sndrnslm /Crhad Rdc/ clk ]s~mnklW $ h lksnrlnhs 6 Mdrlkh Mdfdmhr~ $$

Gdicdnhkmh ?588 Kr 1 U ?5'?8 6 bds

3:12 Gnilksn) Ihrl}h+ Andarhbln m~ glk~kl 6 Plksnrl~ m~ I Gnilksn) urdbn}dhr cnandarhbln hi Ilmn~i~l Sndrnslm Dilgu clk dr ]kanrnlW $ mdk}ngkhrn cn Mdrlkh Mdfdmhr~)Gljhnih O~ilghah $$ Gdicdnhkmh ?588 Kr 1 U 85'88 6 bds

3:11 Rlmdi) Kni~+ Bdrghrnh urdbn}ldkhi mdkslk~ 6 mnksrhrnh un rn}~r}n l glfidhmnnr}~} mnksrhrnh un urdoingn l rnvdirl $ Kni~ Rlmdi $$ ^klnr} Unchadalm ?588 Kr = U 8>'?= 6 bds) sho _nv k io rdg) nkai Oloildar k kdsnin cn }~o}di

*Rnvl cn h}ngnknh Kr 3:2:) >??8,

=1= Ank~rl l mdil cn m~is~r anknrhi+ kgks cn m~is~r anknrhi

3:1: Mngdrshk) ]snih+ Nshun nmsdrlhin k mnrmnshrnh urdoingnidr nc~mhlnl urnmd'ihrn $ ]snih Mngdrshk $$ ^klnr} Unchadalm ?588 Kr = U 31'>? 6 bds _nv k io rdg)nkai Oloildar 6 3 sls

3:1='28 6 bla) bds _nv k io rdg) br Oloildar 6 1sls l k kdsnin cn }~o}di

3::8 ]hh) ]nrhblgh+ ]snih Mngdrshk d cdhgk cndshs _nalknl Unchadalh) dcdhgk mhrn k lh k'h srls unksr~ ~k }~mmn} lnbslk $ ]nrhblgh ]hh $$ ^klnr} Unchadalm ?588 Kr = U

7/23/2019 BNM 2011-11

110/237


885

3::? ) + $ $$ U}ljdidaln Unchadaln }unm H}l}snk}dm ?588 Kr ? U =?'=: _nv k io nkai Oloildar 6 2 sls

=12 Nc~mhlh l lk}sr~lrnh ~kdr mhsnadrll }unmlhin cn unr}dhkn+ kgks }unmlhi3::= M~mnr) Hkanih+ Blin cn l}sdrln rnbinmshsn k cdm~gnksn l rnhilshsn 6 Pclk cdgn'

kl~i u}ljdunchadalnl }unmlhin clk _nu GdicdhW $ Hkanih M~mnr $$ ^klnr} Unchadalm ?588 Kr = U 1:':? 6 bds _nv k io rdg) nkai Oloildar 6 3 sls

3::3 ) + ' $ $$ U}ljdidaln Unchadaln }unm H}l}snk }dm ?588 Kr ? U 81'?= _nv k ionkai Oloildar 6 : sls

=11 kgks }unmlhilvhs $ cn }unmlhilshsn+ kgks snjklm) urdbn}ldkhi+ mdil) mdin'all urdbn}ldkhin $ snjklmn+ Udilsnjklml+ mdil cn gn}nrll

*Rnvl Kr 3238,

=1: kgks }~unrldr+ ^klnr}lsl+ M~r}~rl ~klnr}lshrn

3::> Hrhg) Ihvr+ Klmdihn Bninmhk }mjl oldoloildarhblm 6 Purdbn}dr cn io ihslkih ^kl cn Kdrc clk Ohlh Ghrn) _dgklh) ilkal}s 6 ih 15 cn hklW $ Ihvr Hrhg $$ Ilgoh _d'gk ?588 Kr 6 bds

3::1'>:

3:

7/23/2019 BNM 2011-11

111/237


888

3:

7/23/2019 BNM 2011-11

112/237


88?

38GHSNGHSLM

*Rnvl Kr 3:1=,>8? Hianor

3'82 _nv k io nkai Oloildar 6 2 sls

>83 Andgnsrln

3 sls

3

7/23/2019 BNM 2011-11

113/237


88=

3ANDIDALN+SLLKN ANDIDALMN L ANDBLVLMN>>2 Jlcrd}bnr+ Hu k anknrhi+ Jlcrdidaln

*Rnvl Kr 3:>3,>1SLLKN OLDIDALMN

*Rnvl Kr 3:>1,>1< Glmrdoldidaln

3 sls

3 S~iulkl cn glmrddrahkl}gn cn}sr~msdhrn hin udi~hklidr drahklml $ ]Sdidmlmjlkh) H Mlkmlinl) L _h}slgn}lkh Pns hiW $$ Oldsnjkdidalh glmrdoldidalm cdgnkl~}mlnksdlksnk}l hi sllknl mdksngudrhkn 6 Mdkb s Lksnrk) 2': l~i Mj) ?588 U 88?'88=

*Rnvl cn h}ngnknh Kr 352=,

>:ODSHKLM

*Rnvl Kr >58>'82,

7/23/2019 BNM 2011-11

114/237


883

>2 6 bla) sho Oloildar 6 = sls

3> 6 sho _nv k io rdg) br Oloildar 6 8? sls

3

7/23/2019 BNM 2011-11

115/237


88>

28=+? Clnsnslm

*Rnvl Kr >5

7/23/2019 BNM 2011-11

116/237


882

Oldsnjkdidalh glmrdoldidalm cdgnkl~ }mlnksdlksnk}l hi sllknl mdksngudrhkn 6 Mdkb sLksnrk) 2': l~i Mj) ?588 U >>'>2 6 sho Oloildar 6 3 sls

3

7/23/2019 BNM 2011-11

117/237


881

3'88< 6 sho _nv k io rdg) nkai Oloildar 6 ?> sls

3

7/23/2019 BNM 2011-11

118/237


88:

33'8>: 6 bla) sho _nv k io rdg) nkai Oloildar 6 : sls

32 Uhrslm~ihrlslin s~onrm~idvnl ih hcdin}mnkl $ ]snih @~iml`hlh) Rhinkslkh Rlim)H~rnilh ^}slhk Pns hiW $$ O~i Hmhc cn sllkn h Gdicdnl sllkn gnclmhin ?588 Kr 3 U>1'2? 6 sho _nv k io rdg) nkai Oloildar 6 8< sls

31 Uhrslm~ihrlslin s~onrm~idvnl u~igdkhrn m~ urdmn}n nzslk}n ih hcdin}mnkl $ MLhdr}mjl) ]snih @~iml`hlh) Rhinkslkh Rlim Pns hiW $$ O~i Hmhc cn sllkn h Gdicdnl sllkngnclmhin ?588 Kr 3 U >?'>1 6 bla _nv k io rdg) nkai Oloildar 6 83 sls

7/23/2019 BNM 2011-11

119/237


88552 Srhshgnks~i mjlr~ralmhi glkllkhvl hi glh}snklnl arhl} $ L Ghzlg) K Aihc~k)G Ahrlil~m Pns hiW $$ Hrsh Gnclmh ?588 Kr = 6 Nc }unm U 881 _nv k io nkai

>551 ' $ ) ) Pns hiW $$ O~i Hmhc cn sllkn h Gdicdnl sllk'n gnclmhin ?588 Kr 3 U 835'83= 6 sho _nv k io nkai) r~} Oloildar 6 83 sls

*Rnvl cn h}ngnknh Kr 3

7/23/2019 BNM 2011-11

124/237


8?3

281+1 Dbshigdidaln+ S~io~rrl l srhshgnksn ih dmjl

>55: Rnilzhr) Nilrh+ In~mdarhgh uhmlnklidr m~ s~onrm~idv dm~ihr srhshl srhclldkhiunr d} l ilgbdsrdu $ Nilrh Rnilzhr) Rlmsdrlh Lh}mjlkh $$ O~i Hmhc cn sllkn h Gdicdnl sllkngnclmhin ?588 Kr 3 U 8258? Il}klm) Ldk+ Nlcnkh l mdksrdi~i hrgnidr $ Ldk Il}klm $$ Rksdr~i l Un}mhr~iGdicdnl ?588 Kr 88 U 8< 6 bds 0 ?588 Kr 88 U 8< 6 bds Mdkslk kmnu~s~i 6 Kr 85

2?3 Mdk}sr~mll mllin k anknrhi

2?3+?8$+: Udc~rl

>58= Udc~i mhrn h ~kls) ~knsn l h ~kl cn}slkn l kv~lkn 6 L}sdrlh udc~i~l _c~lUr~s'Ilumhkl $$ Rhgh ?588 Kr 3 U 35'38 6 bds2?: Snjklm }hklshr+ Hu+ Lalnk }hklshr+ Li~glkhs

>583 ) + ' $ $$ _n kh cn crnus ?588 Kr 85$88 6 Nc }unm U :8':3 _nv k io nkai Oloildar 6 3 sls

2=HA_LM^IS^_+SLLKN L U_DMNCNN K_^CLSN+]LIRLM^IS^_+NZUIDHS_L

7/23/2019 BNM 2011-11

125/237


8?>

HA_LMDIN L HIN RLNLL ]IOHSLMN

2=5 ]lilm~is~r

>58> Ihv~) s+ Oldclnr}lshsnh bidrl}slm clk _nvnrhlh Unl}hal}slm Udjrnonkl 6 Pk'srnurlkcnrnh ]lilm cn ]shs DrjnlW $ s Ihv~) I~cglih Shighml) Aj Slslm $$ _nvnrhlh /Md'crll/ 6 35 cn hkl 6 Ghsnrlhinin ]lgudv s lksnrk Mj) ?588 U ??3'??: Oloildar 6 > sls

>582 Uhil~m) Hilkh+ Hrodrns~i clk Dmdi~i ]lilm Cdkc~nkl $ Hilkh Uhil~m $$ _nvnrh'lh /Mdcrll/ 6 35 cn hkl 6 Ghsnrlhinin ]lgudv s lksnrk Mj) ?588 U =5='=53 6 bla

*Rnvl cn h}ngnknh Kr 3: 6 bds


2=8+= Ghlkl harlmdin+ Nmjluhgnks l ~slihan harlmdin

>58: hu~) R+ Mnrmnsrl m~ urllrn ih lksnk}lshsnh ~vrll m~uinidr gnshidudilgnrlmn m~fdm $ R hu~ $$ sllkh Harlmdi ?588 Kr 8 U 3:'>8 6 bla _nv k io nkai Oloildar 6

? sls

2=8+3 sllkh }di~i~l+ Uncdidaln+ Mnrmnsrl uncdidalmn

>585?8 Odhajn) Ililh+ Nrdvl~knh }di~rlidr k rhldk~i uc~rlidr mdilknidr mdcrlidr l gnsd'cn cn mdgohsnrn $ Ililh Odhajn) Ar Cdorddi}mjl) R Bliluml~m $$ _nvnrhlh /Mdcrll/ 6 35 cnhkl 6 Ghsnrlhinin ]lgudv s lksnrk Mj) ?588 U 33'31 6 bla)sho Oloildar 6 1 sls

>5?? Mnrohrl) R+ Urdoingh anknvnl }di~rlidr bdrn}slnrn clk Gdicdh Mnksrhi $ RMnrohrl) Ghrlkh I~ka~ $$ _nvnrhlh /Mdcrll/ 6 35 cn hkl 6 Ghsnrlhinin ]lgudv s lksnrk Mj)?588 U 885'883 6 sho Oloildar 6 1 sls

7/23/2019 BNM 2011-11

126/237


8?2

>5?= Jdrfhk) D+ Mdk}lcnrhll m~ urllrn ih cnvdishrnh mdkmnus~i~l l }srhsnalnl mdk}d'ilcrll snrnk~rlidr harlmdin $ D Jdrfhk $$ sllkh Harlmdi ?588 Kr 8 U 21'1? 6 bla) sho _nv k io nkai Oloildar 6 83 sls

>5?3 Inhj) Shghrh+ Gdclblmhrnh mdklk~s~i~l l bdrgnidr mjlglmn cn m~ur~ k }di~rlinmnk~ll cn uc~rn ~slilvhsn k harlm~is~r $ Shghrh Inhj $$ _nvnrhlh /Mdcrll/ 6 35 cn hkl 6Ghsnrlhinin ]lgudv s lksnrk Mj) ?588 U ?=?'?=2 6 sho

>5?> ]l~rl}) H+ _nbhmnrnh bnrslilsll }di~rlidr hrholin nrdchsn urlk ~slilvhrnh a~kdl~i~lcn arhfc $ H ]l~rl} $$ sllkh Harlmdi ?588 Kr 8 U 88'8> 6 sho _nv k io nkai Oloildar 6 : sls

>5?2 $ ) ) Pns hiW $$ Oldsnjkdidalh glmrdoldidalm cdgnkl~

}mlnksdlksnk}l hi sllknl mdksngudrhkn 6 Mdkb s Lksnrk) 2': l~i Mj) ?588 U 8=3'8=>*Rnvl cn h}ngnknh Kr 3

7/23/2019 BNM 2011-11

127/237


8?1

/Mdcrll/ 6 35 cn hkl 6 Ghsnrlhinin ]lgudv s lksnrk Mj) ?588 U >5?2) >535>?) >5> Jdrslm~is~r2== M~is~rh uihksnidr cn mgu

*Rnvl Kr >5=5,2==+8 Mnrnhin+ _nmdisn cn arkn

>5=8 Odrdvhk) U+ _nv~ishsnin hgnildrrll anrgduih}gnl lkc~rhsh cn udr~go slgu~rl~k mdkclllin Gdicdnl $ U Odrdvhk $$ Hgnildrhrnh udr~go~i~l l ~slilvhrnh hkcrd}snrlilsllmlsduih}ghslmn k urdc~mnrnh cn }nglkn 6 Ghsnrlhinin Mdkb Lksnrk) 1': }nus ?588 Mj)?588 U ?5'=? 6 sho _nv k io nkai Oloildar 6 1 sls

>5=? Mldohk~) R+ Nhi~hrnh hgnildrhsl h ~kdr hkhidal rn}sh~rhsdrl h bnrslilsll ud'ink~i~l cn udr~go $ R Mldohk~ $$ Hgnildrhrnh udr~go~i~l l ~slilvhrnh hkcrd}snrlilsll mlsd'uih}ghslmn k urdc~mnrnh cn }nglkn 6 Ghsnrlhinin Mdkb Lksnrk) 1': }nus ?588 Mj) ?588 U =='33 6 sho _nv k io nkai) r~} Oloildar 6 : sls

>5== Arlolkmnh) R+ Mrnhrnh l nhi~hrnh ilkllidr mdk}hkalklvhsn cn udr~go clkanrgduih}gh Ihkmh}snr $ R Arlolkmnh $$ Hgnildrhrnh udr~go~i~l l ~slilvhrnh hkcrd}snrlilsllmlsduih}ghslmn k urdc~mnrnh cn }nglkn 6 Ghsnrlhinin Mdkb Lksnrk) 1': }nus ?588 Mj)?588 U 3>'2= 6 sho _nv k io nkai) r~} Oloildar 6 8? sls

>5=3 Ghslml~m) R+ _nhilvrl k hgnildrhrnh udr~go~i~l m~ mhilsl }unmlhin unksr~ ~sl'ilvhrn $ R Ghslml~m) H Rnrnmnhm $$ Hgnildrhrnh udr~go~i~l l ~slilvhrnh hkcrd}snrlilsll mlsd'uih}ghslmn k urdc~mnrnh cn }nglkn 6 Ghsnrlhinin Mdkb Lksnrk) 1': }nus ?588 Mj) ?588 U 23'11 6 sho _nv k io nkai Oloildar 6 : sls

>5=> Grvh) R+ Mrnhrnh }h~ srhk}bnrhrnh jlorlvlidr cn udr~go un ohv cnhkcrd}snrlilshsn $ R Grvh $$ Hgnildrhrnh udr~go~i~l l ~slilvhrnh hkcrd}snrlilsll mlsduih}ghslmnk urdc~mnrnh cn }nglkn 6 Ghsnrlhinin Mdkb Lksnrk) 1': }nus ?588 Mj) ?588 U 1:':1 6sho _nv k io nkai Oloildar 6 1 sls

>5=2 Uhill) H+ Dolknrnh nzunrlgnkshi h bdrgnidr snsrhuidlcn cn udr~go Duhx~n'? $H Uhill) A Ohsr~ $$ Hgnildrhrnh udr~go~i~l l ~slilvhrnh hkcrd}snrlilsll mlsduih}ghslmn kurdc~mnrnh cn }nglkn 6 Ghsnrlhinin Mdkb Lksnrk) 1': }nus ?588 Mj) ?588 U ::'5=1 Uhill) Hkcrnl+ Gngor~i'mdrn}udkcnks hi hmhcnglnl cn sllkn h Gdicdnl SljdkMnhim

7/23/2019 BNM 2011-11

128/237


8?:

rhrnh udr~go~i~l l ~slilvhrnh hkcrd}snrlilsll mlsduih}ghslmn k urdc~mnrnh cn }nglkn 6 Ghsn'rlhinin Mdkb Lksnrk) 1': }nus ?588 Mj) ?588 U 1 6 bla) sho _nv k io rdg Oloildar6 > sls

>53? ) + + $ ) $$ Hgnildrhrnh udr~go~i~ll ~slilvhrnh hkcrd}snrlilsll mlsduih}ghslmn k urdc~mnrnh cn }nglkn 6 Ghsnrlhinin Mdkb Lk'

snrk) 1': }nus ?588 Mj) ?588 U 822'8:= 6 sho _nv k io nkai Oloildar 6 85 sls>53= '=1

$ ) ) Pns hiW $$ Hgnildrhrnh udr~go~i~l l ~slilvhrnh hkcrd}snrlilsll mlsduih}ghslmn k urdc~mnrnh cn}nglkn 6 Ghsnrlhinin Mdkb Lksnrk) 1': }nus ?588 Mj) ?588 U ?3='?>2 6 sho _nv kio nkai Oloildar 6 1 sls

>533 ) + + ) / / ' 6 P W $ $$ Hgnildrhrnh udr~go~i~l l ~slilvhrnh hkcrd}snrlilsllmlsduih}ghslmn k urdc~mnrnh cn }nglkn 6 Ghsnrlhinin Mdkb Lksnrk) 1': }nus ?588 Mj)?588 U 81'853> ) + + $ $$ Hgnildrhrnh udr~go~i~l l ~slilvhrnh hkcrd}snrlilsll mlsduih}ghslmn k urdc~mnrnh cn }nglk'n 6 Ghsnrlhinin Mdkb Lksnrk) 1': }nus ?588 Mj) ?588 U ?18'?:? 6 bla) sho _nv k ionkai Oloildar 6 8? sls

>532 $ ) ) Pns hiW $$Hgnildrhrnh udr~go~i~l l ~slilvhrnh hkcrd}snrlilsll mlsduih}ghslmn k urdc~mnrnh cn }nglkn 6Ghsnrlhinin Mdkb Lksnrk) 1': }nus ?588 Mj) ?588 U 8:3'8

7/23/2019 BNM 2011-11

129/237


8?531 Kl`did) K+ Huuilmhsldk db oihm` }nh }hurduniin} sd lgurdn sjn rddslka hkcardqsj db /@hvhilk`h/ dli'onhrlka rd}n m~sslka} $ K Kl`did $$ sllkh Harlmdi ?588 Kr 8 U ='2 6 bla) sho _nv k io rdg Oloildar 6 : sls

>53: ) + // 6 P ' ' ' ' W $ $$ Urdbls ?588 Kr 88 U??'?= 6 bds) sho

2=3 Jdrslm~is~r k anknrhi>535>8 Ghkvl~m) R+ ]~urhbhh bdilhr h uihkshllidr lksnk}ln cn ur~k) mhl} l llk kb~kmln cn }dl l bdrgh cn mdrdhk $ R Ghkvl~m) Aj Mlgudln) L _olkn $$ sllkh Harlmdi ?588 Kr 8 U ?1'=? 6 sho _nv k io nkai Oloildar 6 : sls

>5>? Dcdinhk~) Rh}lin+ Nbnms~i urdsnmlnl hkslarlkclk 7 6 Pk udglm~is~rW $ Rh}lin Dcdinhk~ $$ Udglm~is~rh) Rlslm~is~rh l Rlklblmhlh ?588 Kr > U ??) ?2 6 bds Sls) snzs uhrhi 6 io rdg) r~}

>5>= Vjlc|d`jlkh) Shslhkh+ Nbbnms db klsrdank mdksnks lk oihm` m~rrhks o~c} dk}nnrls| db ahii glsn lkf~r| $ Shslhkh Vjlc|d`jlkh) R Ihgdkd $$ sllkh Harlmdi ?588 Kr8 U 82'8: 6 sho _nv k io rdg Oloildar 6 3 sls

>5>3 ) + ) $ ) $$ Udglm~is~rh) Rlslm~is~rh lRlklblmhlh ?588 Kr > U ?= 6 sho ]brls kmnu~s~i 6 Kr 3

*Rnvl cn h}ngnknh Kr >5:2,

2=3+: Rlslm~is~r

>5>> Hinzhkcrd) N+ In} uhrslm~ihrls} gdrbd'~didalx~n} ns uj|}lmd'mjlglx~n} cn}ohln} cn} j|orlcn} cl}shks} cn lakn *R+ Rlklbnrh I z R+ rds~kclbdilh Glkmjz, cn B3 $ NHinzhkcrd) O Ahlkh $$ _nvnrhlh /Mdcrll/ 6 35 cn hkl 6 Ghsnrlhinin ]lgudv s lksnrk Mj)?588 U 8>'8: _nv k io nkai Oloildar 6 1 sls

7/23/2019 BNM 2011-11

130/237


8=5

>5>2 Gljd) Unsr~+ Ulhh n}sn /d cdhgk/ bdhrsn mhurlmldh} 6 Pun ghralknh ]nglkh'r~i~l rnu) cn}b~rhs k uihkshlh lslmdi ]_I /Snrrh'Rlsl}/clk }hs~i O~rihm~) rhldk~i Mhj~iW $Unsr~ Gljd $$ Udglm~is~rh) Rlslm~is~rh l Rlklblmhlh ?588 Kr > U 8:'8< 6 bds

>5>1 Dcdinhk~) Rh}lin+ Mdinmlh /Snrrh'Rlsl}/ 6 Psnjkdidall kdl cn m~islhrn h }sr~a~rl'idr unksr~ gh} 6 clk nzunrlnkh lslm~isdrlidr clk }hs~i O~rihm~) rhldk~i Mhj~iW $ Rh}linDcdinhk~ $$ Udglm~is~rh) Rlslm~is~rh l Rlklblmhlh ?588 Kr > U 81 6 bds

>5>: _hkmh) H~rdrh+ Urlkmlull l gnsdcdidall cn lslm~is~r nmdidalm huilmhsn k _d'gklh 7 $ H~rdrh _hkmh $$ Udglm~is~rh) Rlslm~is~rh l Rlklblmhlh ?588 Kr > U8='83) =5'=8 6 bla) bds Sls) snzs uhrhi 6 io rdg) r~} Mdkslk kmnu~s~i 6 Kr 3

>5> U 8>'82 6 bla) bds Mdkslk kmnu~s~i 6 Kr ?

>525 ) + + ' $ $$ Udglm~is~rh) Rlslm~is~rh l Rlklblmh'lh ?588 Kr > U =?'=3 6 bds) sho Oloildar 6 u =3

>528 $ ) ) Pns hiW $$ Udglm~is~rh) Rlslm~is~rh l Rlklblmhlh ?588 Kr > U =2'=: 6 bla Oloildar 6 = sls

*Rnvl cn h}ngnknh Kr 3188) >5 Uihksn cn arclk+ Arclkrls

2=>+8$+: Ina~gn+ Arclkl m~ilkhrn l cn vhrvhhs

>52? Vhsdkl) U+ Ningnksn snjkdidalmn cn dolknrn h ina~gnidr nmdidalmn $ UVhsdkl $$ Oldsnjkdidalh glmrdoldidalm cdgnkl~ }mlnksdlksnk}l hi sllknl mdksngudrhkn 6Mdkb s Lksnrk) 2': l~i Mj) ?588 U 8??'8?= 6 sho

>52= ) + + $ ) $$ Oldsnjkdid'alh glmrdoldidalm cdgnkl~ }mlnksdlksnk}l hi sllknl mdksngudrhkn 6 Mdkb s Lksnrk) 2':l~i Mj) ?588 U 83523'2>) >52

7/23/2019 BNM 2011-11

131/237


8=8

2=2+? _~gnasdhrn ghrl) sh~rlkn+ Rlsn) odl

>523 Mnrmnsrl l do}nrhllurllkc lkmlcnkh l srhshgnks~i k mhrmlkdg~i }m~hgd} ihodlkn $ H G~}sn) Aj Cdklmh) B Onsna Pns hiW $$ sllkh Harlmdi ?588 Kr 8 U :>':: 6bds _nv k io nkai Oloildar 6 1 sls

2=2+= _~gnasdhrn glml+ Dl+ Mhurn

>52> Mnrmni) L+ Nblmhmlshsnh lg~kd}slg~ihsdr~i~l Udildzlcdkll k urdblihzlh l mdgohsn'rnh srlmjd}srdkalilcdvnidr ih dlkn $ L Mnrmni $$ sllkh Harlmdi ?588 Kr 8 U :?':> 6sho _nv k io nkai Oloildar 6 > sls

2=2+3 Udrml+ Udrmlkn

>522 Mhl}k) Ihrl}h+ Lkbi~nkh urnuhrhs~i~l Oldglk LGOD h}~urh clan}slolilshll }~o'}shknidr k~srlsln cn msrn }mrdblnin cn ur}li $ Ihrl}h Mhl}k) R Rrhkmnhk) Khshilh Ard}~ $$sllkh Harlmdi ?588 Kr 8 U =>'=< 6 bla) sho _nv k io nkai Oloildar 6 8? sls

>521 _dshr~) Liln+ Mrnsnrnh urdc~mlnl cn mhrkn urlk ~slilvhrnh jlorlcrll k}~lklm~is~r $ Liln _dshr~ $$ sllkh Harlmdi ?588 Kr 8 U 35'31 6 bla) bds) sho _nv kio nkai Oloildar 6 > sls

2=2+>$+2 U}rl

>52: Unsm~) La+ Nbnmsnin }~uilgnksrll rnnsnidr cn k~srlln m~ urnuhrhsn nkvlghslmnh}~urh unrbdrghknidr slknrns~i~l hlmdi $ La Unsm~ $$ sllkh Harlmdi ?588 Kr 8 U =='=> 6 sho _nv k io nkai Oloildar 6 2 sls

2=2+1 Mlkl

>52.'}di~ln hudh} k cnrghslshhinralm l k glmrd}udrlh khs~rhi ih mlkn $ ] Ohihkn}m~) Aj Cdklmh) K ]srhshk Pns hiW $$sllkh Harlmdi ?588 Kr 8 U 1:':? 6 bds) sho _nv k io nkai Oloildar 6 > sls

2=515

Ohcrhfhk) Ajnkhcln+ D ksdhrn ih bhvhkl $ Ajnkhcln Ohcrhfhk $$ Rksdr~i lUn}mhr~i Gdicdnl ?588 Kr 88 U 85'88 6 bds 0 ?588 Kr 88 U 85'88 6 bds

>518 Osrk~) Ldk+ Mulshk~i Glch 6 Pcn}urn ksdr~i Cldglc Ududlml clk }hs~i Gd'nkl) rhldk~i _mhklW $ Ldk Osrk~ $$ Rksdr~i l Un}mhr~i Gdicdnl ?588 Kr 88 U 26 bds 0 ?588 Kr 88 U 2 6 bds

>51? Osrk~) Ldk+ Mdkslk~lshsnh knhg~i~l cn ksdrl 6 Pun ghralknh cl}m~lnl m~S~cdr Arlkml~m clk }hs~i Vorlmnkl) rhldk~i NclknW $ Ldk Osrk~ $$ Rksdr~i l Un}mhr~i Gdi'cdnl ?588 Kr 88 U 83 6 bds 0 ?588 Kr 88 U83 6 bds

7/23/2019 BNM 2011-11

132/237


8=?

>51= G~ksnhk~) Hkcrnl+ Ad}udcrln mlknanslm gdcni 6 Pclk }hs~i Mhrhm~nkl) rhld'k~i OrlmnklW $ Hkcrnl G~ksnhk~ $$ Rksdr~i l Un}mhr~i Gdicdnl ?588 Kr 88 U 8: 6bds 0 ?588 Kr 88 U 8: 6 bds

>513 ]sro~k~) Ldk+ Urlghr~i ksdr 6 Pcn}urn Liln dilkm clk }hs~i Urfdsh) rhldk~i_mhklW $ Ldk ]sro~k~ $$ Rksdr~i l Un}mhr~i Gdicdnl ?588 Kr 88 U < 6 bds 0 ?588 Kr 88 U < 6 bds

>51> nihr~) Knm~ihl+ Rkhs~i mdgudkns h nmd}l}sng~i~l $Knm~ihl nihr~ $$ R'ksdr~i l Un}mhr~i Gdicdnl ?588 Kr 88 U 8= 0 ?588 Kr 88 U 8=

>512 ork) Mdk}shkslk+ Un hin C~gorlnl 6 Pcn}urn hmsllshsnh Olrd~i~l ]RU]kanrnlW $ Mdk}shkslk ork $$ Rksdr~i l Un}mhr~i Gdicdnl ?588 Kr 88 U 1 6bds 0 ?588 Kr 88 U 1 6 bds

*Rnvl Kr >58?,

2=511 O~ihs) Cg+ Mdk}lcnrhll m~ urllrn ih }sholilshsnh ljsldmnkdvnidr clk _nu~oilmhGdicdh $ Cg O~ihs) Ck O~ihs $$ _nvnrhlh /Mdcrll/ 6 35 cn hkl 6 Ghsnrlhinin ]lgudv slksnrk Mj) ?588 U 18'13 Oloildar 6 = sls

>51: Idvln) snbhk+ Ilk~i 6 P}unmln cn unsnW $ snbhk Idvln $$ Rksdr~i l Un}mhr~iGdicdnl ?588 Kr 88 U 85 6 bds 0 ?588 Kr 88 U 88 6 bds

23NMDKDGLN MH]KLM+SLLKN CDGN]SLMN+KS_NLKN_NH MH]NL

238$23? Hilgnksn+ Asls+ Gkmr~rl+ Gn}n

>51

7/23/2019 BNM 2011-11

133/237


8==

Urdbls ?588 Kr 85 U =:'38 6 bds * " ,

2>2+1 Srhk}udrs hnrlhk

>5:? Odidmhk) H~rlmh+ Urdbn}ln ih kilgn 6 Plksnrl~ m~ H Odidmhk) k}dlsdhrn cnodrc ih Mdguhklh /Hlr Gdicdh/W $ mdk}ngkhrn cn Rnrh Mnrknh}mjl $$ Urdbls ?588 Kr88 U

7/23/2019 BNM 2011-11

134/237


8=3

2>< U~oilmlshsn+ Lkbdrghrn+ _nihll m~ u~oilm~i

>5583,

22=$223 Glmrdoldidaln lkc~}srlhi+ Lkc~}srll cn bnrgnkshrn22=+?$+= Rlklblmhln+ Lkc~}srlh lk~i~l

>5

7/23/2019 BNM 2011-11

135/237


8=>

>5 U ?:

*Rnvl cn h}ngnknh Kr 3188) 31:=) 31528,

21$2:LKC^]S_LL) GN]N_LL L KCNINSKLML_L UNKS_^ CLRN_]N GHSN_LHIN2:1 Lkc~}srlh gormglksnl) mdkbnmllidr+ Bhorlmhrnh hrslmdinidr cn sdhins l karlflrnh

anknrhi

>5$13< Hrsn cnmdrhsln+ Gn}nrll cn hrs+ Hrsn huilmhsn+ Cn}lak

*Rnvl Kr 3:$12ULMS^_+H_SN A_HBLMN+A_HBLM+A_HR^_

>855 Ml~m) Rhinkslk+ Ajnkhcln Fhio l }ulrls~i urdsnlm 6 Pun ghralknh mrnhlnl ulmsd'r~i~l) Urnnclksnin ^kl~kll Hrslslidr Uih}slml clk GdicdhW $ Rhinkslk Ml~m $$ Ilgoh _dgk ?588 Kr

7/23/2019 BNM 2011-11

136/237


8=2

>85> ]mhrihs) Mrl}slkh+ Mrl}slkh ]mhrihs 6 N~ hg i~hs urngl~i srnl) chr unksr~ glknhmn}s i~mr~ n}sn d lmsdrln 6 P lksnrl~ m~ lksnrurnsh) ih~rnhsh Bn}slhi~i~l /]ihnhk}`lf Ohvhr/clk Onihr~}lW $ mdk}ngkhrn 6 rnu rn $$ Gdicdnhkmh ?588 Kr :$851 ]~ihm) Cdlkh+ Cdlkh ]~ihm 6 k hrs srno~ln } bll bdhrsn o~k chm rnl } rgl

k l}sdrln 6 Plksnrl~ m~ lksnrurnshW $ mdk}ngkhrn cn Mdrlkh Mdfdmhr~ $$ Gdicdnhkmh ?588 Kr 1 U :'< 6 bds

>85: Shghvimhr~) Hkcrnl+ Drbn~ hi kd}sr~ Rlmsdr Odskhr~ 6 Pg~vlmlhk lk}sr~gnk'sl}s hi Hk}hgoi~i~l Nskdbdimidrlm / Sikm~h/) urdb ~klW $ Hkcrnl Shghvimhr~ $$ _nhilslM~is~rhin ?588 Kr > U 81'8: 6 bds

>85 6bds

>885 6 ) 6 6 P W $ 6 0 6 $$ Hx~hrniin ?588 Kr 88 U ??'?2 6 bds

*Rnvl cn h}ngnknh Kr >?51,

1

7/23/2019 BNM 2011-11

137/237


8=1

1882 ) + 1 6P ) ) W $ 6 $$ Urdbls ?588 Kr 88 U25'2? 6 bds

: ILKARL]SLM+ BLIDIDALN+ ILSN_HS^_

:5$:8U_DOINGN ANKN_HIN M^ U_LRL_N IH ILKARL]SLM L ILSN_HS^_+BLID'

IDALN

>881 O~sl~rmh) Cdlkh+ Clals~} $ blkanr 6 uhssnrk }nghkslm l uhssnrk mdkmnus~hikbrhvndidal}gnin mh}l}unmlhilvhsn l cn hidrlvhrn lksninms~hi $ Cdlkh O~sl~rmh $$ Ilgoh _d'gk ?588 Kr 8?5 _do~) Hcrlhkh+ Mdidml~i Lksnrkhldkhi hklnr}hr /N~ankl~ Mdnrl~ ,

:88 Ilgol lkcllc~hin

:88+8?3 Ilgoh ihslk

*Rnvl Kr 3::>) 3:::,:88+8=>+8 Ilgoh rdgk

>8?8 Ohksd) Hinzhkcr~+ ]~o }mnusr~i u~rlblmhsdr hi ilgoll rdgkn 6 P=8 H~a~}s Vl'~h Ilgoll _dgknW $ Hinzhkcr~ Ohksd $$ Ilgoh _dgk ?588 Kr 8?= Mlgudl) Gljhl+ Ilgoh _dgk) /Mh} h bllknl kdh}srn/ 6 Pcl}m~r} lk~s ih Mdkbcnclmhs Vlinl Ilgoll _dgkn k mhcr~i HG) =8 h~a ?588W $ Gljhl Mlgudl $$ Rlhh Oh}hrholnl ?588 Kr =$3 U 8

7/23/2019 BNM 2011-11

138/237


8=:

>8?3 Mldmhk~) Ldk+ Ldk C~gnkl~` m~islhsdr hi ilgoll rdgkn $ Ldk Mldmhk~ $$ Cn}slkrdgkn}m 6 }nr kd~ ?588 Kr = U '8?> Mldmhk~) Ldk+ Klmdihn Mdrisnhk~ urhmslmlhk l sndrnslmlhk hi m~islrll ilgoll 6PrdgknW $ Ldk Mldmhk~ $$ Ilgoh _dgk ?588 Kr ?81) >??8,

:?ILSN_HS^_

:?$:?8 Ilsnrhs~r hrsl}slm

:?8+8=3+8*325, Ilsnrhs~r mhshihk clk ]uhklh

>8?: On}}) Unrn+ Mlglslr~i cn }~o i~kmh knhar 7 Mngnksnrld chhii i!n}shk| knarn6 PudngW $ Unrn On}} 0 srhc k io rdg Hkcrnl Ihkah $$ Rlhh Oh}hrholnl ?588 Kr =$3 U 8=?'8=3 6 bds Sls) snzs uhrhi 6 io rdg) }uhk

>8?8=8 ]kmjnv) Bnrkhkcd ]holcd+ Hg h}m~k} uu~lin nmjl clk mru k ghahvlhslgu~i~l 7 N}mdkc ih} lnfh} g~nmh} cn srhud nk ni cn}k cni slngud 6 PudngW $ Bnrkhkcd]holcd ]kmjnv 0 srhc k io rdg Hkcrnl Ihkah $$ Rlhh Oh}hrholnl ?588 Kr =$3 U8?>'8?2 6 bds Sls) snzs uhrhi 6 io rdg) }uhk

>8=? ]dunh) Hkh G~nih+ Urddmhrnh 7 Ni cn}hbld 6 PudngW $ Hkh G~nih ]dunh 0srhc k io rdg Hkcrnl Ihkah $$ Rlhh Oh}hrholnl ?588 Kr =$3 U 8?8 6 bds Sls) snzsuhrhi 6 io rdg) }uhk

:?8+8=3+? Ilsnrhs~r }uhkldi

:?8+8=3+?*1?, Ilsnrhs~r }uhkldi clk Gnzlm

>8== Ahrrlah) Inslmlh+ Br gkalnrn 7 ]lk hilnksd 6 PudngW $ Inslmlh Ahrrlah0 srhc

7/23/2019 BNM 2011-11

139/237


8=+8 Ilsnrhs~r rdgk

>8=> Hkajni) Unsr~+ M~ks~i ~klm 0 Nglkn}m~ 6 Pnr}~rlW $ Unsr~ Hkajni $$ Rlhh Oh'}hrholnl ?588 Kr =$3 U ::':< 6 bds

>8=2 Oal~) I~mlhk Rh}lin+ On}slhr ]hihs drlnkshi m~ ~klnr}lshrl kmjlu~ll 6 Pud'n}slrnW $ I~mlhk Rh}lin Oal~ $$ Rlhh Oh}hrholnl ?588 Kr =$3 U

7/23/2019 BNM 2011-11

140/237


835

>831 Kh~g) Anii~+ Mkc kn rg }~o }hisnin 0 kmjll ksr'd }mdlm 0 Dailkvlin rdv 0Mdrdhkh usrhs 0 Mrl}sh 6 Pnr}~rlW $ Anii~ Kh~g $$ Miluh 6 }nr kd~ ?588 Kr > U => 6bds

>83: Knar~vvl) Mdk}shkslk+ L}sdrldhr m~ i~ul 6 Pudn}slrnW $ Mdk}shkslk Knar~vvl $$Rksdr~i l Un}mhr~i Gdicdnl ?588 Kr 88 U ?5>83 U 8= 6 bds

>8>5 U~kn}m~) Hcrlhk+ Rksdhrnh rhshs 6 Pnr}~rl clk di /_nvnrhlh cnvlgorl/) O~m~rnsl) 88>8 ]hcdnhk~) Gljhli+ Udn}slsdrll 6 Gd Mrml~k 6 Pudn}slrlW $ Gljhli ]hcdnhk~ 0li6 Hcrlhk Gdrhr~ $$ Kdl ?588 Kr 88 ]~ui 6 U 8': 6 bds Rh ~rgh>8>? ]skmni) Glrmnh+ Orohs~i m~ ulnus~i }uhrs 0 I~gnh urlk mhrn srnm 6 Pnr}~rlW $$

Glrmnh ]skmni $$ Rlhh Oh}hrholnl ?588 Kr =$3 U 852'851 6 bds

>8>= lm) Glrdk+ Chr unksr~ slkn 6 Pnr}~rlW 0 Brks~rl cn f~rkhi $ Glrdk lm $$ Rlhh Oh'}hrholnl ?588 Kr =$3 U 85='853 6 bds

>8>3 Rh}lin}m~) Andran Dlcl~+ Hadkln 0 Clk arhkls 0 Lgghm~ihsh 6 Pnr}~rlW $ Andr'an Dlcl~ Rh}lin}m~ $$ Rlhh Oh}hrholnl ?588 Kr =$3 U 85> 6 bds

>8>> V~ohm~) Ldk+ Mksnm~i ghk~}mrl}nidr gnin 0 ]mrl}dhrn msrn Ghsnl Rlklnm 0Odmns unksr~ Ghrlhkh Ghrlk 0 Mksnm unksr~ Ghrsh Unsrn~ 0 k hmnnhl l m~ Ghrlhk Crhajlml0 Kdl snrlsdrll unksr~ udnvln 0 Mdilkc cn Hk~i Kd~ 0 I~gnh mh gnsh}shv 0 Un uhs~imdohisrdk~i~l 0 Mlkn cdknhv }kan unksr~ slkn4 0 Udilslm ih dkmdidaln 6 Pnr}~rlW $ Ldk V~oh'm~ $$ Ilgoh _dgk ?588 Kr 8>1 Hksdk) Ldk+ Bd`h 6 rdghk'mrdklm $ Ldk Hksdk $$ Rlhh Oh}hrholnl ?588 Kr=$3 U 2?':1 Rh ~rgh

>8>: Ohihk) Shghrh+ H nzl}sh k}nhgk h cn}bllkh) }h~ H bhmn } nzl}sn4( 6 Pn}n~W $Shghrh Ohihk $$ Miluh 6 }nr kd~ ?588 Kr > U ?5'?8 6 bds

>8>

7/23/2019 BNM 2011-11

141/237


838

>825 Onil) Khshilh+ Cr~g 0 Rnklmln srvln 0 Fdm cn kdrdm 0 Gnsnrll 0 Miluh cn kl}lu 0Odsnv 0 Klmldchs }lka~r 0 Cnuhrsn 0 Hkdslgu 0 Brlm 6 Pnr}~rlW $ Khshilh Onil $$ Gdicdnhkmh ?588 Kr :$82? Mldmhk~) H~rni+ Mh}h gnh 6 Pnr}~rlW $ H~rni Mldmhk~ $$ Hi~kni~i ?588 Kr

88 U ?

>82= Mdfdmhr~) ]snih+ D crhad}sncn m~idhrn 6 Pudn}slrnW $ ]snih Mdfdmhr~ $$ Gdicd'nhkmh ?588 Kr :$82> Chlc) Chklnih+ Minu}lcr 0 Mlknin 0 CngdArhblm 0 Hl arlf mkc sn srnvnslclglknhh 6 Pnr}~rlW $ Chklnih Chlc $$ Ilgoh _dgk ?588 Kr U 8: 6 bds

>82: Ahrlihk) Rh}lin+ Mlvghrll nkainvl 6 Pn}n~W 0 Clk f~rkhi~i ~k~l }s~cnks $ Rh}linAhrlihk $$ Ilgoh _dgk ?588 Kr '8>3 6 bds Mdkslk kmnu~s~i 6 1$:

>82?'8>: 6 bds _nv k io nkai

>815 Uhrbnksln) C~glsrlh'_hi~mh+ N~i Gncl~ un knin}~i mdullidr 6 Pn}n~W $ C~glsrl'h'_hi~mh Uhrbnksln $$ Miluh 6 }nr kd~ ?588 Kr > U 8? 6 bds

>818 Uh}mhr~) N~anklh+ Kuh}sh6 Pudn}slrnW $ N~anklh Uh}mhr~ $$ Gdicdnhkmh ?588 Kr :$81= Uh}mhr~) N~anklh+ Rl}~i gs~ll Hklmh 6 Pudn}slrnW $ N~anklh Uh}mhr~ $$ Gdi'cdnhkmh ?588 Kr 85 U ?:'?< 6 bds

>813 _dghkml~m) Rh}lin+ Mh}h urlksnh}m 6 Pnr}~rlW $ Rh}lin _dghkml~m $$ Hi~kn'i~i ?588 Kr 88 U ?

7/23/2019 BNM 2011-11

142/237


83?

>81> _dmh) Hakn}h+ Hion rdvn }'h~ hurlk} 6 Pnr}~rlW $ Hakn}h _dmh $$ _nhilslM~is~rhin ?588 Kr > U 8:

>812 _~}khm) Rihclglr+ ^rins~i i~ulidr 6 Pnr}~rlW $ Rihclglr _~}khm $$ Rksdr~i lUn}mhr~i Gdicdnl ?588 Kr 88 U ?5>811 ]hg}dk) Hkh+ Bngnlh uak 0 Nmd~ 6 Pnr}~rlW $ Hkh ]hg}dk $$ Ilgoh _dg'

k ?588 Kr 8:5 Snin~m) Rlmsdr+ Gdiil} Chlh 6 udng $ Rlmsdr Snin~m $$ Rlhh Oh}hrholnl ?588 Kr =$3 U ?2'=8 6 bds

>8:8 Sdgh) Rh}lin+ Ohihch mni~l mhrn lkn 0 Dc rhk~i~l rdgk 0 U}hig 0 Rlk huningrll 0 Mksnm cn ih ghralkn cn hr 0 Srnmnrnh urlk /h bl/ 0 Vlclrn 0 Hss cn }lgui~ 0 Mdulirln}dlnslm 0 Snd 0 Ghcrlahi 0 Hmnh}s l~olrn 0 Lklg cn hralks 0 Mkc h bl 0 Gnshgdrbdvn 0

Uh}sni k hg~ra 0 Mksnm 0 Vlmnrl shrcln 0 Inalslghln 0 Ilgoh _dgk 6 Pnr}~rlW $ Rh}linSdgh $$ Rlhh Oh}hrholnl ?588 Kr =$3 U >?'28 6 bds

>8:? ~rmhk~) Lhkd+ Nzdrml}g 0 Glklhs~r 0 Hg h}m~k} l~olrnh 0 l h nkl 0 /Mlknl~onsn d }lka~r bngnln/ 0 Gl'hl }u~} 0 Orbh 0 N~+S~ }h~ km d chs cn}urn ghsnghsl'm 0 Nsnrklshsn 0 ]'h ksdr} sdhgkh) l~olsd 6 Pnr}~rlW $ Lhkd ~rmhk~ $$ Rlhh Oh}hrholnl ?588 Kr =$3 U 838:3 ) + 6 PW $ 0 6 $$ ?588 Kr 88 h 3'h h mdu

*Rnvl cn h}ngnknh Kr >835,

:?8+828+8 Ilsnrhs~r r~}

>8:> ) + 6 PW $ $$ ?588 Kr 88 U ?5 6 bds

>8:2 ) + 6 P' W $

7/23/2019 BNM 2011-11

143/237


83=

$$ ?588 Kr 88 =8'>= 6 bds dkslk kmnu~s~i 6 Kr 85

>8:1 ) + 6 $ $$ ' ?588 Kr 88 85'=5 6 bds Mdkslk kmnu~s~i 6 Kr 8:: ) + ) 6PW $ $$ ?588 Kr 88 :>'

7/23/2019 BNM 2011-11

144/237


833

:?8+>8?+828 Ilsnrhs~r s~rm

>8 U 35'38 6 bds Mdkslk kmnu~s~i 6 Kr >) ?55?58 ]lgldk) N~ank+ Lcnkslshsnh rdgknh}m 6 Prnbinmshs k ilsnrhs~rh ~kl) blidvdbln)}dmldidaln) u}ljdidaln) m~is~r) l}sdrln 6 n}n~W $ N~ank ]lgldk $$ Rlhh Oh}hrholnl ?588 Kr=$3 U >'8:

*Rnvl cn h}ngnknh Kr 3:1?,

:?8+88?+?*3=2,+5 Ilsnrhs~r h~}srlhm

>?5? Ghzlgnkmd) Rlmsdrlh+ Unksr~ bi~z~i g~vlmhi) ilkal}slm l mrnhsdr cnd}nols 6 Punghralknh mrnhlnl }mrllsdhrnl cn drlalkn h~}srlhm Nibrlncn Fnilkn`W $ Rlmsdrlh Ghzlgnkmd $$Miluh 6 }nr kd~ ?588 Kr > U =?'== 6 bds

:?8+8==+8+5 Ilsnrhs~r brhkmnv

*Rnvl Kr >8?5= Hrgh~) Ililhkh+ Anii~ Kh~g udns~i cn un Ghi~i hioh}sr~ 6 Pun ghralknh dim~ hmnihl sls hi h~s) O~m~rnsl) Mhrsnh _dgknh}m) 8) U h 3'h h mdu 6 bds

>?5> Oihkclhkh) Hkh+ Sngh cnudrsrlidr cl}m~shs k mhcr~ n~rdunhk 6 *rnihshrn l lk'snrl~ m~ H Oihkclhkh) udns) unr}dkhilshsn u~oi kdsdrln clk _dgklh, $ mdk}ngkhrn cn_hl}h Grvnkm~) Ajndrajn Grvnkm~ $$ Cn}slk rdgkn}m 6 }nr kd~ ?588 Kr

Documents

BNM 2011-11