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E  SRVVXL DXWRQRPLD SDUD UHDOL]DU DOWHUDo}HV QR SURMHWR SDUD JDUDQWLU TXH R
VRIWZDUH VHMD EHP FRQVWUXtGR H DWHQGD DV QHFHVVLGDGHV GD HTXLSH GH
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F  PDQWpP DWXDOL]DGRV RV UHTXLVLWRV MXQWR DR XVXiULR ILQDO H D HTXLSH GH
GHVHQYROYLPHQWR D ILP GH REWHU VXFHVVR QR SURFHVVR GH KRPRORJDomR GR
VRIWZDUHDWHQGHQGRDVQHFHVVLGDGHVHH[SHFWDWLYDV

G  FODVVLILFD RV UHTXLVLWRV HP GLIHUHQWHV WLSRV VHQGR RV GR WLSR IXQFLRQDO
UHODFLRQDGRVFRPRFXVWRHFRQILDELOLGDGHGRVRIWZDUHHRVGRWLSRQmRIXQFLRQDO
UHODFLRQDGRVFRPRVFDVRVGHXVR

H REWpPRFRPSURPHWLPHQWRGRVLQWHJUDQWHVGDHTXLSHGHGHVHQYROYLPHQWRGH
VRIWZDUHSDUDRFXPSULPHQWRGRSURFHVVRGHVRIWZDUH

&RPHQWiULRV
 26072658512

D (OHWUDWDGDYDOLGDomRHQmRGDYHULILFDomR E 1HFHVVLGDGHVGRXVXiULRHQmR
GD HTXLSH GH GHVHQYROYLPHQWR F  3HUIHLWR p LVVR G  $ TXHVWmR LQYHUWHX RV
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7HFQRORJLDGD,QIRUPDomRS$XGLWRUGH&RQWUROH([WHUQR
 &XUVRGH7HRULDH([HUFtFLRV²7&(6&
3URI'LHJR&DUYDOKR²$XOD

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HPTXHRVLVWHPDGHYHWHUHPFHUWDVVLWXDo}HVHHPDOJXQVFDVRVHVSHFLILFDUR
TXHRVLVWHPDQmRGHYHID]HUVmRFKDPDGRVGHUHTXLVLWRVQmRIXQFLRQDLV

,, $V UHVWULo}HV DRV VHUYLoRV RX IXQo}HV GH XP VLVWHPD FRPR SRU H[HPSOR
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GRPtQLRHSRGHPVHUUHTXLVLWRVIXQFLRQDLVHRXQmRIXQFLRQDLV

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26072658512

OHYDGRHPFRQWDQDDERUGDJHPGRVUHTXLVLWRVIXQFLRQDLV

&RPHQWiULRV

3HUIHLWRpH[DWDPHQWHLVVR

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7HFQRORJLDGD,QIRUPDomRS$XGLWRUGH&RQWUROH([WHUQR
 &XUVRGH7HRULDH([HUFtFLRV²7&(6&
3URI'LHJR&DUYDOKR²$XOD

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VHGH

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E UHTXLVWRIXQFLRQDO
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E  2V UHTXLVLWRV IXQFLRQDLV H QmRIXQFLRQDLV WrP WUDWDPHQWR GLIHUHQFLDGR HP
FDGD IDVH GH SURMHWR 3ULPHLUR p QHFHVViULR GHILQLU R TXH p SDUD ID]HU TXDO
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FRPSRUWDPHQWRHDWULEXWRVGHYHFRQWHURSURGXWR UHTXLVLWRIXQFLRQDO ,VWRTXHU
GL]HUTXHVRPHQWHVHFRQVHJXHGHILQLUDWULEXWRVRXFDUDFWHUtVWLFDVGHTXDOLGDGH
26072658512

jPHGLGDTXHVHWHQKDDGHILQLomRGRSURGXWR

F 1DIDVHGHHVWXGRSUHOLPLQDURXHVWXGRVGHSURMHWRDYDOLGDomRGRVUHTXLVLWRV
GHSHQGH GR SURFHVVR GH TXDOLILFDomR GDV LQIRUPDo}HV GH RULJHP
IXQFLRQDOLGDGHHUHODFLRQDPHQWRGHGHSHQGrQFLDVGRVUHTXLVLWRVHGRSURFHVVR
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LPSODQWDomR

G $IDVHGHPRGHORItVLFRGHYHDJUHJDUDRVUHTXLVLWRVIXQFLRQDLVRVUHTXLVLWRV
QmRIXQFLRQDLV REWLGRV QDV YiULDV RSRUWXQLGDGHV GH FDSWXUD GH LQIRUPDo}HV

3URI'LHJR&DUYDOKRZZZHVWUDWHJLDFRQFXUVRVFRPEU3iJGH
7HFQRORJLDGD,QIRUPDomRS$XGLWRUGH&RQWUROH([WHUQR
 &XUVRGH7HRULDH([HUFtFLRV²7&(6&
3URI'LHJR&DUYDOKR²$XOD

WUDWiORVHPWHUPRVGHSULRULGDGHSUHFHGrQFLDHUHODFLRQDPHQWRVHQWUHVLFRP
rQIDVHHPFRPRRVRIWZDUHGHYHIXQFLRQDU

H 1DIDVHGHPRGHOROyJLFRVmRGHWDOKDGRVRVHYHQWRVHYLV}HVGRVSURFHVVRV
LGHQWLILFDGRV RV SDSpLV H UHVSRQVDELOLGDGHV GRV VWDNHKROGHUV (VWD IDVH GHYH
DJUHJDUDRVUHTXLVLWRVIXQFLRQDLVRVUHTXLVLWRVQmRIXQFLRQDLVREWLGRVQDVYiULDV
RSRUWXQLGDGHV GHFDSWXUDGHLQIRUPDo}HV WUDWiORVHPWHUPRVGHSULRULGDGH
SUHFHGrQFLDHUHODFLRQDPHQWRVHQWUHVL

&RPHQWiULRV

D (UUDGR4XDOSURGXWRJHUDU"eXPUHTXLVLWRIXQFLRQDO%DVWDLPDJLQDU´(XTXHUR
XP DSOLFDWLYR TXH SHUPLWD WURFD GH PHQVDJHQVµ 4XDO IRUPD FRQWH~GR
FRPSRUWDPHQWR H DWULEXWRV GHYH FRQWHU" e XP UHTXLVLWR QmRIXQFLRQDO %DVWD
LPDJLQDU´(XTXHURXPDSOLFDWLYRLQWHUDWLYRTXHURGHFRPSRXFDPHPyULDHWHQKD
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(UUDGR$SyVDYDOLGDomRVmRDSXUDGRVRVULVFRVGHLPSOHPHQWDomRHDGHILQLomR
GH SULRULGDGH GH LPSOHPHQWDomR GRV UHTXLVLWRV IXQFLRQDLV RV UHTXLVLWRV QmR
IXQFLRQDLVVmRGRFXPHQWDGRVPDVDLQGDQmRSULRUL]DGRV G 3HUIHLWR H $TXHVWmR
WUDWDGR0RGHOR)tVLFR

*DEDULWR(

)&&   ² 6()$=63  $QDOLVWD GH 6LVWHPDV  e QHFHVViULR TXH R VRIWZDUH
FDOFXOH RV VDOiULRV GRV GLDULVWDV H PHQVDOLVWDV H HPLWD UHODWyULRV PHQVDLV
VXPDULDGRVSRUWLSRGHVDOiULR(QWUHWDQWRDEDVHGHGDGRVGHYHHVWDUSURWHJLGD
HFRPDFHVVRUHVWULWRDRVXVXiULRVDXWRUL]DGRV'HTXDOTXHUIRUPDRWHPSRGH
UHVSRVWDGDVFRQVXOWDVQmRGHYHVXSHUDURVTXLQ]HVHJXQGRVSRLVLQYLDELOL]DULD
WRGRRLQYHVWLPHQWRQHVVHVLVWHPD'HYROHPEUDUTXHRVUHODWyULRVLQGLYLGXDLVGRV
26072658512

GHSDUWDPHQWRV QRV TXDLV FRQVWDP RV VDOiULRV GRV IXQFLRQiULRV GHYHP VHU
HPLWLGRV TXLQ]HQDOPHQWH HP UD]mR GRV DGLDQWDPHQWRV H YDOHV TXH UHFHEHP e
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1HFHVVLWRDLQGDIRUWHJHUHQFLDPHQWRGHULVFRSUD]RHFXVWRSRUTXHDHQWUHJDGR
SURGXWRILQDOQmRSRGHXOWUDSDVVDURSUD]RGHRLWRPHVHV DFRQWDUGD GDWD GH
LQtFLRGRSURMHWR1RWH[WRVmRUHTXLVLWRVIXQFLRQDLV

D &DOFXOHRVVDOiULRVGRVGLDULVWDVHPHQVDOLVWDVHRVUHODWyULRVLQGLYLGXDLVGRV
GHSDUWDPHQWRVQRVTXDLVFRQVWDPRVVDOiULRVGRVIXQFLRQiULRV GHYHPVHU
HPLWLGRVTXLQ]HQDOPHQWH


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 &XUVRGH7HRULDH([HUFtFLRV²7&(6&
3URI'LHJR&DUYDOKR²$XOD

E 1HFHVVLWR DLQGD IRUWH JHUHQFLDPHQWR GH ULVFR SUD]R H FXVWR H D EDVH GH
GDGRVGHYHHVWDUSURWHJLGDHFRPDFHVVRUHVWULWRDRVXVXiULRVDXWRUL]DGRV

F eIXQGDPHQWDOTXHRVRIWZDUHVHMDRSHUDFLRQDOL]DGRXVDQGRFyGLJRDEHUWRH
HPLWDUHODWyULRVPHQVDLVVXPDULDGRVSRUWLSRGHVDOiULR

G (PLWDUHODWyULRVPHQVDLVVXPDULDGRVSRUWLSRGHVDOiULRH1HFHVVLWRDLQGD
IRUWHJHUHQFLDPHQWRGHULVFRSUD]RHFXVWR

H $ EDVH GH GDGRV GHYH HVWDU SURWHJLGD H FRP DFHVVR UHVWULWR DRV XVXiULRV
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PHVHV

&RPHQWiULRV

D  &DOFXODU RV VDOiULRV GRV GLDULVWDV H PHQVDOLVWDV" 5) YLVWR TXH p XPD SRVVtYHO
IXQFLRQDOLGDGH TXH R VLVWHPD GHYH DSUHVHQWDU (PLWLU UHODWyULRV LQGLYLGXDLV
TXLQ]HQDOPHQWH"5)YLVWRTXHWDPEpPpXPDSRVVtYHOIXQFLRQDOLGDGHTXHRVLVWHPD
GHYHDSUHVHQWDU

E  *HUHQFLDPHQWR GH 5LVFR 3UD]R H &XVWR" 51) YLVWR TXH p XPD UHVWULomR GR
VLVWHPD %DVH GH GDGRV SURWHJLGD H FRP DFHVVR UHVWULWR" 51) YLVWR TXH p XPD
UHVWULomRGRVLVWHPD

F 2SHUDFLRQDOL]DURVRIWZDUHFRPFyGLJRDEHUWR"51)YLVWRTXHpXPDUHVWULomR
GR VLVWHPD (PLWLU UHODWyULRV PHQVDLV VXPDUL]DGRV" 5) p XPD SRVVtYHO
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G  (PLWLU UHODWyULRV PHQVDLV VXPDUL]DGRV" 5) YLVWR TXH p XPD SRVVtYHO
26072658512

IXQFLRQDOLGDGH TXH R VLVWHPD GHYH DSUHVHQWDU *HUHQFLDPHQWR GH 5LVFR 3UD]R H


&XVWR"51)YLVWRTXHpXPDUHVWULomRGRVLVWHPD

H %DVHGHGDGRVSURWHJLGDHFRPDFHVVRUHVWULWR"51)YLVWRTXHpXPDUHVWULomR
GRVLVWHPD5HVWULomRGHPHVHVTXDQWRDRSUD]R"51)YLVWRTXHpXPDUHVWULomR
GRVLVWHPD

2EVHUYHTXHRV5HTXLVLWRV)XQFLRQDLVHVWmRPDLVUHODFLRQDGRVDSRVVtYHLVXWLOL]Do}HV
GRXVXiULRHPVXDLQWHUDomRFRPRVLVWHPDHFRPRRVLVWHPDYDLUHDOL]DUDOJXPD
DWLYLGDGH -i RV 5HTXLVLWRV 1mR )XQFLRQDLV HVWmR PDLV UHODFLRQDGRV D DVSHFWRV

3URI'LHJR&DUYDOKRZZZHVWUDWHJLDFRQFXUVRVFRPEU3iJGH
7HFQRORJLDGD,QIRUPDomRS$XGLWRUGH&RQWUROH([WHUQR
 &XUVRGH7HRULDH([HUFtFLRV²7&(6&
3URI'LHJR&DUYDOKR²$XOD

TXDOLWDWLYRVGRVLVWHPDGHVHXSURFHVVRGHGHVHQYROYLPHQWRHGHVXDVUHVWULo}HV
/RJRSHUFHEHVHTXHVRPHQWHD/HWUD$SRVVXLDPERVRV5HTXLVLWRV)XQFLRQDLV

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HQJHQKDULDGHVRIWZDUHFRQVLGHUH

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UHTXLVLWRVQmRIXQFLRQDLV

,,2VUHTXLVLWRVGHVLVWHPDSRGHPGHVFUHYHUDSHQDVUHTXLVLWRVQmRIXQFLRQDLV

,,,2VUHTXLVLWRVQmRIXQFLRQDLVSRGHPVHUGLYLGLGRVHPUHTXLVLWRVGHSURGXWR
RUJDQL]DFLRQDLVHH[WHUQRV

(VWiFRUUHWRRTXHVHDILUPDHP

D ,,,DSHQDV
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H ,,,H,,,

&RPHQWiULRV

D  &RUUHWR e H[DWDPHQWH LVVR /HPEUDQGR TXH 5HTXLVLWRV GH 8VXiULRV VmR
GHVFULo}HV HP OLQJXDJHP QDWXUDO H FRP GLDJUDPDV GH TXDLV VHUYLoRV R VLVWHPD
GHYHIRUQHFHUHDVUHVWULo}HVVREDVTXDLVGHYHRSHUDU6mRUHTXLVLWRVFRPDOWRQtYHO
26072658512

GH DEVWUDomR H SRXFRV GHWDOKHV IHLWRV SDUD VHUHP OLGRV SRU SHVVRDV OHLJDV E 
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SRUSHVVRDVH[SHULHQWHV F &RUUHWReH[DWDPHQWHLVVR

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5HTXLVLWRVFRQVLGHUH

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DWULEXWRVGHSHUPLVVmRGHDFHVVRjVGHSHQGrQFLDVGDFRUSRUDomRSRUWpFQLFRV
VXSHUYLVRUHVHFKHIHV

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26072658512

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D 2LWHP,WUDWDGHXPUHTXLVLWRIXQFLRQDOHDHOHHVWiDVVRFLDGRRUHTXLVLWRQmR
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F $PERVUHIHUHPVHDUHTXLVLWRVIXQFLRQDLV

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GH 1HJyFLR LH QmR p VHTXHU XP 5HTXLVLWR e SRVVtYHO WUDQVIRUPiOR HP XP
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SHUPLVVmRGHDFHVVRLHDWULEXWRVH[FHGHQWHVVySRGHUmRVHULQFOXtGRVSRUFKHIHVGH
VHVVmR

3URQWR QyV WUDQVIRUPDPRV D 5HJUD GH 1HJyFLR HP XP 5HTXLVLWR )XQFLRQDO
6RPPHUYLOOHDILUPDTXHHOHVGHILQHPFRPRRVLVWHPDGHYHUHDJLUHPFRQGLo}HVH
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DFRQVWUXomRGRVRIWZDUHFRQVWDYDP 26072658512


2VRIWZDUHGHYHSHUPLWLUDVIXQo}HVGHFDGDVWURFRQVXOWDVGLYHUVDVDOWHUDomR
GHGDGRVHH[FOXVmRGHDOXQRVSURIHVVRUHVHGHPDLVFRODERUDGRUHV

2VLVWHPDGHYHVHUIiFLOGHXVDUIiFLOGHHQFRQWUDURTXHVHSURFXUDHIiFLOGH
PHPRUL]DURVSDVVRVSDUDH[HFXWDUDVRSHUDo}HVPDLVFRPXQV

2VLVWHPDGHYHWHUVHXIXQFLRQDPHQWREDVHDGRQDVWHFQRORJLDVZHE

 7RGDV DV RSHUDo}HV GLVSRQLELOL]DGDV QR VLVWHPD GHYHP FRQWHPSODU D
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 &XUVRGH7HRULDH([HUFtFLRV²7&(6&
3URI'LHJR&DUYDOKR²$XOD


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UHTXLVLo}HVUHVSRVWDVXWLOL]DQGR;0/

2VDOXQRVGHYHPSRGHUREWHUSRUPHLRGRVLVWHPDLQIRUPDo}HVVREUHVXDV
IDOWDVHQRWDVHPFDGDGLVFLSOLQD

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26072658512


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 26072658512

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26072658512

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26072658512

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26072658512

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26072658512

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