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)UDQFLVFR-DYLHUGHO3LQR6XiUH]
'LVSRVLWLYRV2SWRHOHFWUyQLFRV
)UDQFLVFR-DYLHUGHO3LQR6XiUH]
'LVSRVLWLYRV2SWRHOHFWUyQLFRV'LVSRVLWLYRVÏSWLFRVGH$FRSODPLHQWR
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'LVSRVLWLYRV2SWRHOHFWUyQLFRV
2SWRDFRSODGRUHV&RPELQDFLyQLQWHJUDGDGHHPLVRU\GHWHFWRU
2SWRDFRSODGRUHV&DUDFWHUtVWLFDV± 6DOLGD\HQWUDGDHOpFWULFDPHQWHDLVODGDV± 7UDQVPLVLyQGHVHxDOHVGHDPSOLRDQFKRGHEDQGD± 6HQWLGRXQLGLUHFFLRQDOGHWUDQVIHUHQFLDGHVHxDO→ HYLWDOD]RVGHUHDOLPHQWDFLyQ± )iFLOLQWHUFRQH[LyQFRQGLVSRVLWLYRVOyJLFRV± &RPSDFWROLJHUR\ILDEOH
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'LVSRVLWLYRV2SWRHOHFWUyQLFRV
2SWRDFRSODGRUHV&DUDFWHUtVWLFDVWpFQLFDV&75 → &XUUHQW7UDQVIHU5DWLR5HODFLyQGH7UDQVIHUHQFLDGH&RUULHQWH
)&,,&75,& → FRUULHQWHGHFROHFWRUGHVDOLGD,) → FRUULHQWHGLUHFWDDODHQWUDGD
&75↑ SDUDVDOLGDVFRQIRWRWUDQVLVWRUGDUOLQJWRQ
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± 5HVLVWHQFLDGH$LVODPLHQWR5L 5HVLVWHQFLDHQFRQWtQXDHQWUHODHQWUDGD\ODVDOLGD 9LHQHGDGDHQΩ W\S Ω± &DSDFLDGDGGH$LVODPLHQWRR&DSDFLGDG)ORWDQWH& ) &DSDFLGDGHQWUHODHQWUDGD\ODVDOLGD 9LHQHGDGDHQS)
2SWRDFRSODGRUHV&DUDFWHUtVWLFDVWpFQLFDV9HORFLGDGGHUHVSXHVWD
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)UDQFLVFR-DYLHUGHO3LQR6XiUH]
'LVSRVLWLYRV2SWRHOHFWUyQLFRV
2SWRLQWHUXSWRUHV&RPELQDFLyQLQWHJUDGDGHHPLVRU\GHWHFWRUGLVHxDGRSDUDGHWHFWDUODSUHVHQFLDGHXQREMHWRTXHVHLQWHUSRQJDHQHOFDPLQRySWLFRHQWUHHOORV7LSRV± 7UDQVPLVLYRV± 5HIOH[LYRV
2SWRLQWHUXSWRUHV
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'LVSRVLWLYRV2SWRHOHFWUyQLFRV
2SWRLQWHUXSWRUHV&DUDFWHUtVWLFDVWpFQLFDV&75 → &XUUHQW7UDQVIHU5DWLR5HODFLyQGH7UDQVIHUHQFLDGH&RUULHQWH
2SWRLQWHUXSWRUHV&DUDFWHUtVWLFDVWpFQLFDV9DULDFLyQGHODFRUULHQWHGHVDOLGDHQIXQFLyQGHODSRVLFLyQGHOREMHWRFRQUHVSHFWRDOHMHySWLFR
)UDQFLVFR-DYLHUGHO3LQR6XiUH]
'LVSRVLWLYRV2SWRHOHFWUyQLFRV
2SWRLQWHUXSWRUHV&DUDFWHUtVWLFDVWpFQLFDV'LVWDQFLDFDUDFWHUtVWLFDRSWRLQWHUUXSWRUUHIOH[LYR
2SWRLQWHUXSWRUHV&DUDFWHUtVWLFDVWpFQLFDV5HVROXFLyQ&RUULHQWHGHFROHFWRUHQIXQFLyQGHOWDPDxRGHODYHQWDQD