,167$/$&,Ï1
l
(63$f2/
,QVWDODFLyQ
8ELFDFLyQGHOD7HOHYLVLyQ
(VWDXQLGDGWLHQHFRPRSURSyVLWRVHUXVDGDFRPRSDUWHGH
XQ FHQWUR GH HQWUHWHQLPLHQWR &RQVXOWH D VX GLVWULEXLGRU
SDUDREWHQHURSFLRQHVGLVSRQLEOHV
35(&$8&,Ï1 8VH ~QLFDPHQWH FRQ HO PXHEOH
PHVDFyPRGDROLEUHURHVSHFLILFDGRSRUHOIDEULFDQWH
RFRPSUDGRFRQHODSDUDWR6LPXHYHHOPXHEOHFRQ
HODSDUDWRVREUHGHHOWHQJDPXFKRFXLGDGRGHTXH
HO DSDUDWR QR FDLJD VREUH XVWHG DO HPSXMDU 3DUD
HYLWDUOHVLRQHVDLQIDQWHVQXQFDFRORTXHHOWHOHYLVRUHQPXHEOHV
TXHSXHGDQVHULQFOLQDGRVRPRYLGRVSRUXQQLxR/DFDLGDGHXQ
WHOHYLVRUSXHGHFDXVDUGDxRVVHULRVHLQFOXVRODPXHUWH
&7(&7(8
35(&$8&,Ï1
(VWRV WHOHYLVRUHV GHEHQ VHU XWLOL]DGRV
XQLFDPHQWHFRQHOPXHEOH3$1$621,&7<(76L
OR XWLOL]D FRQ DOJ~Q RWUR PXHEOH R SRUWDWHOHYLVRU
SRGUtDVHU IUiJLOR LQHVWDEOHOR TXH SRGUtDRFDFLRQDU
XQDFFLGHQWH
&7(&7(8
35(&$8&,Ï1
(VWRV WHOHYLVRUHV GHEHQ VHU XWLOL]DGRV
XQLFDPHQWHFRQHOPXHEOH3$1$621,&7<(76L
OR XWLOL]D FRQ DOJ~Q RWUR PXHEOH R SRUWDWHOHYLVRU
SRGUtDVHU IUiJLOR LQHVWDEOHOR TXH SRGUtDRFDFLRQDU
XQDFFLGHQWH
&7(&7(8
35(&$8&,Ï1
(VWRV WHOHYLVRUHV GHEHQ VHU XWLOL]DGRV
XQLFDPHQWHFRQHOPXHEOH3$1$621,&7<(76L
OR XWLOL]D FRQ DOJ~Q RWUR PXHEOH R SRUWDWHOHYLVRU
SRGUtDVHU IUiJLOR LQHVWDEOHOR TXH SRGUtDRFDFLRQDU
XQDFFLGHQWH
&RQH[LRQHVGH&DEOH2SFLRQDO
&DEOHVEOLQGDGRVGHDXGLR\YLGHRGHEHQXVDUVHHQWUHORV
FRPSRQHQWHV3DUDREWHQHUPHMRUHVUHVXOWDGRV
&DEOHGH6XPLQLVWURGH&RUULHQWH$OWHUQD
3527(-$(/&$%/('($&'(6(53,6$'2(152//$'2
3/(*$'2 752=$'2 2 3(5)25$'2 3$57,&8/$50(17(
(1/26&21(&725(6<(1/26381726'21'(6$/('(/
$3$5$72
&RQH[LyQGH&DEOH$QWHQD
3DUD XQD UHFHSFLyQ DGHFXDGD VH
UHTXLHUH XQD FRQH[Ly Q GH FDEOH R
GH DQWHQD
&RQH[LyQGHFDEOH
&RQHFWH HOFDEOHVXPLQLVWUDGRSRU VX
FRPSDxtDORFDOGHFDEOH
1RWD 6H SXHGH UHTXHULU GH XQ
GHFRGLILFDGRU GH FDEOH SDUD XQD UHFHSFLyQ DGHFXDGD
9HULILTXH FRQ VX FRPSDxtD GH FDEOH ORFDO VREUH ORV
UHTXLVLWRVGHFRPSDWLELOLGDG
&RQH[LyQGH$QWHQD
3DUDXQDUHFHSFLyQDGHFXDGD
GH FDQDOHV 9+)8+) VH
UHTXLHUH GH XQD DQWHQD
H[WHUQD 3DUD OD PHMRU
UHFHSFLyQ VH UHFRPLHQGD
XQDDQWHQDHQHOH[WHULRU
/D0RGDOLGDGGH$QWHQDGHEH
HVWDUDMXVWDGDHQWHOHYLVLyQ
1RWD /D 0RGDOLGDG GH &DEOH HVWi SUHGLVSXHVWD GH IiEULFD
8VXDULRV GH DQWHQD GHEHUiQ FDPELDU D 0RGDOLGDG GH
$QWHQDHQHOPHQ~GH$MXVWH6(783
,QIRUPDFLyQ,PSRUWDQWH$FHUFD'HO8VR'H
9LGHR-XHJRV&RPSXWDGRUDV82WURV7LSRV
'H,PiJHQHV)LMDV
$'9(57(1&,$ (OPDUFDGR RUHWHQFLyQGH LPiJHQHQ
ORVWXERVGHSUR\HFFLyQFRPRUHVXOWDGRGHOXVRGHXQD
LPiJHQILMDQRHVXQGHIHFWRGHRSHUDFLyQ\FRPRWDOQR
HVWiFXELHUWRSRUODJDUDQWtD
(O VLVWHPD GH SUR\HFFLyQ GH YLGHR HVWD GLVHxDGR SDUD
GHVSOHJDULPiJHQHVHQPRYLPLHQWRFRQVWDQWHHQODSDQWDOOD
(O XVR FRQVWDQWH GH LPiJHQHV ILMDV WDO FRPR SHOLFXODV HQ
IRUPDWROHWWHUER[HQSDQWDOODVHVWiQGDUFRQEDUUDVDUULED\
DEDMRGHODLPiJHQSHOLFXODVHVWiQGDUQRH[SDQGLGDV
HQ79¶VGH SDQWDOODDQFKDFRQEDUUDVODWHUDOHVYLVLEOHV D
FDGD ODGR GH OD LPiJHQ EDUUDV GH UHSRUWH GH OD EROVD
PHUFDQWLOEDUUDFRQLQIRUPDFLyQHQPRYLPLHQWRHQODSDUWH
LQIHULRU GH OD SDQWDOOD SDWURQHV GH YLGHR MXHJRV
PDUFDGRUHV GHSRUWLYRV ILMRV ORJRV GH HVWDFLyQ WHOHYLVRUD
SDWURQHVGHLQWHUQHWXRWURVSDWURQHVGHWLSRFRPSXWDGRUD
GHEHQOLPLWDUVH
(OXVRH[WHQGLGRGHPDWHULDOGHLPiJHQILMDSXHGHFDXVDU
GDxR SHUPDQHQWH D ORV WXERV GH SUR\HFFLyQ HO FXDO VH
SUHVHQWD FRPR µLPiJHQ IDQWDVPD´ YLVLEOH HQ OD LPiJHQ
QRUPDO(VWHWLSRGHGHVJDVWHLUUHYHUVLEOHGHORVWXERVGH
SUR\HFFLyQSXHGHOLPLWDUVHPHGLDQWHORVVLJXLHQWHVSDVRV
/LPLWHHOWLHPSRGHXVRGHPDWHULDOGHLPiJHQILMDD
QR PiV GHO GHO WLHPSR GH XVR WRWDO D OD
VHPDQD
$SDJXHODXQLGDGFXDQGRQRVHHVWHXVDQGR
0458S prod doc3.fm Page 3 Friday, May 9, 2003 1:46 PM