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LXLO\T@QL _\KKCZP

Om`let6 JGED \E@QLZ_TP

Ock~c`be6 OCZLLZ DLQLMG^KLET OLETZL (ODO)

Jz`la ~zl~czld jp6 OCDLEOL ^tp% Mtd%

Thl blelzcm ~|z~gl ga th` zl~gzt- ogkj`eld r`th thl dlqlmg~klet ced ozlct`gega ce `etlbzctld kczilt`eb ock~c`be (@KO) agz thl Jged Oczllz Dlqlmg~kletOletzl- rc tg lxck`el ced zllczoh thl o|zzlet tctl ga thl oletzl `e zlbczd tg`t tct| ckgeb Jged t|dlet- c rlmm c tg `dlet`ap tzled ced cdqlzt``ebtlohe`s|l o|zzletmp jl`eb |t`m`vld- tg `etlzlt ced ~lz|cdl t|dlet tg q``t%

Rl elld tg `eagzk t|dlet thct dget iegr thlp elldld tg iegr% Thlzl czl c

mczbl ~zg~gzt`ge ga t|dlet thct czl |ecrczl ga thl ODO lzq`ol ced zlg|zolced thl lxcot ~|z~gl ga thl oletzl% _t|dlet czl cmg egt ack`m`cz r`th thlrhlzlcjg|t ga thl oletzl ced rhct OczllzH|j letc`m% Tg hlm~ `dlet`ap thll`|l ced tg ~zgkgtl thl ODO rl d`d thl agmmgr`eb zllczoh6

Oged|ot`eb c |zqlp tg ltcjm`h thl t|dlet iegrmldbl ga ced~lzol~t`ge ga thl Oczllz Dlqlmg~klet Oletzl%

C zlq`lr ga o|zzlet tzled ced cdqlzt``eb tlohe`s|l q`c ce gzbce`ld

t` `th I` t K`t h mm L m t _ ` K

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C OGK^ZLHLE_@QL CECMP_@_ GA THL OCZLLZDLQLMG^KLET OLETZL

Ogk~cep'Gzbce`sct`gejcoibzg|ed

Thl TLCK6

Thl Oczllz dlqlmg~klet oletzl hc jlle g~lzct`eb `eol Jged \e`qlz`tp

jlbce% I`ztp K`tohlmm- Lk~mgpklet _lzq`ol Kcecblz- jlbce rgzi`eb ct thloletzl `e C~z`m :>>1% Thl o|zzlet tcaa`eb mlqlm oge`t ga trg Lk~mgpklet_lzq`ol _~lo`cm`t- ced gel Lk~mgpklet _lzq`ol Gaa`olz% Ce lxtzc tcaaklkjlz hc jlle lk~mgpld lcoh plcz `eol :>>1% @e :>>8 thl ODO kgqldazgk jl`eb mgoctld elxt tg thl ~z`et hg~ tg `t o|zzlet mgoct`ge `e J|`md`eb 1%_`eol thl kgql- thl oletzl hc jlle kgzl |oola|m% Thl c`k ga thl OczllzDlqlmg~klet Oletzl ` tg |~~gzt t|dlet ced c`t `e kci`eb thl tzce`t`gejltrlle \e`qlz`tp ced thl rgziagzol kggthlz%

^zlq`g|sKczilt`ebKlthgds6

_`eol `t tcztld thl Jged ODO hc jlle ogetcetmp `eqgmqld r`th e|klzg| lma+kczilt`eb tzctlb`l ced cdqlzt``eb% Thlp czl `e ogetcet ogetcot r`th kcep gathl t|dlet cgo`ct`ge ced czl ogetcetmp j|`m`eb zlmct`geh`~ r`th thlk% _gklga thl t|dlet cgo`ct`ge thl ODO dlcm r`th czl6

H_C H `t` _t d t C ` t`

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Thl ODO hc cmg egr `eom|dld `tlma ge acoljggi%ogk- rhlzl thlp ~gt|~ogk`eb lqlet- elr- ced dctl agz `k~gztcet th`eb m`il lk~mgplz q``t% Cmg

thl `etzgd|ot`ge ga elr mlcthlz jg|ed agmdlz b`qle tg t|dlet jlagzl bzcd|ct`ebced oge`t`eb ga `k~gztcet oczllz `eagzkct`ge `e thl agzk ga jggimlt- amplzjzgoh|zl lto- ` ce `eegqct`ql rcp ga ~zgq`d`eb t|dlet c tpm`h cedg~h`t`octld rcp ga ~zllet`eb thl`z rgzi ct |e`qlz`tp tg ~gtlet`cm lk~mgplz%

Thl OczllzH|j ` thl ODO kcfgz tzlebth ced g|zol ga `eagzkct`ge ced thlelld agz kgzl t|dlet crczlel ced `etlzcot`ge r`th thl OczllzH|j ` lq`dlet%Hlzl t|dlet oce jggi `etg lk~mgplz lqlet- letlz ogk~lt`t`ge- ced ohloi

thl`z g~t`ge agz thl`z dlbzll ga ohg`ol% Gthlz `k~gztcet crczlel elld tg jltczbltld tg gthlz ge+m`el zlg|zol m`il Bg`eb Bmgjcm rh`oh ~zgq`dl t|dletr`th `eagzkct`ge `e :4 d`aalzlet og|etz`l c tg fgj m`t`eb- oczllz `eagzkct`ge-q`c `eagzkct`ge lto% Thlzl ` cmg Qc|mt- ce ge+m`el |joz`~t`ge jcld zlg|zol|ld rgzmdr`dl jp gqlz 0>> |e`qlz`t`l% @t ` ce ge+m`el m`jzczp ogetc`e`ebogk~cep ~zga`ml- oczllz b|`dljggi- czt`oml- ck~ml zl|kl- `etlzq`lr t`~-c~~m`oct`ge mlttlz lto%

O|zzletmp thl ODO ` |`eb elr ced laalot`ql ohceelm ga kczilt`eb gkl garh`oh hcql jlle |ld ~zlq`g|mp% Thl dlm`qlzp ga `eagzkct`ge jggimlt- amplz-ced jzgoh|zl ` t`mm |ld c ce laalot`ql ohceelm- hgrlqlz thlzl czl gkl elrohceelm lklzb`eb% Rllimp ~mcolklet ga cd `e thl ~g~|mcz t|dlet kcbcv`el_OG^L hlm~ tg blelzctl t|dlet crczlel ga thl ODO ced `e`bht `etg|~ogk`eb lqlet ced zlolet elr% _~lci`eb ga `e`bht- thlzl ` c elr elrmlttlzthct hc tcztld og|ztlp ga thl H_C (H|kce`t`l _t|dlet Cgo`ct`ge) t`tmld

@ ` ht ` h` h th ODO m d t`

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Bg`eb Bmgjcm Ce ge+m`el t|dlet zlg|zol thct ~zgq`dl `eagzkct`ge agz :4og|etz`l `eom|d`eb lk~mgpklet ced oczllz `eagzkct`ge- q`c `eag- fgj m`t`eb lto%

Qc|mt Ce ge+m`el |joz`~t`ge jcld zlg|zol |ld jp gqlz 0>> |e`qlz`t`lrgzmdr`dl% C m`jzczp ogetc`e`eb 0< Oczllz B|`dljggi- ?>>> Ogk~cep ^zga`ml-czt`oml- ck~ml zl|kl- `etlzq`lr t`~- c~~m`oct`ge mlttlz lto%Oczllzs Cdq`ol ced B|`dceol ^lzgecm gel ge gel c~~g`etklet r`thlk~mgpklet _lzq`ol _~lo`cm`t%Oczllz ^cth ^mcee`eb Kctoh`eb `ed`q`d|cm t|dlet i`mm r`th zlmlqcet oczllz~cthrcp%Bzcd|ctl Zloz|`tklet Zlsg|zols ced Css`stceol + ^|t t|dlet `e tg|oh

r`th bzcd|ctl zloz|`tklet zl~zlletct`ql azgk mlcd`eb ogz~gzct`ge cedcbleo`l%C~~m`oct`ge Css`stceol kci`eb |zl cmm c~lot ga ce c~~m`oct`ge czlcddzlld%Oczllzs rgzishg~s ced _lk`eczs \ld tg `e~`zl ced kgt`qctl t|dletr`th lxo`t`eb oczllz |bblt`ge ced `eagzkct`ge ogcoh`eb6 gelgegelc`tceol%Zls|kl Zlq`lr Cdq`ol agz `k~zgq`eb zl|kl%Ogk~cep ced @ed|stzp ^zga`mls Tg hlm~ `e~`zl `dlc gz ~zl~czl t|dlet agzce `etlzq`lr%Lk~mgplz q`s`ts tg ock~|s Ohceol tg kllt r`th ~zg~lot`ql lk~mgplz cedmlcze rhct `eam|leol thl lmlot`ge ~zgol%Fgj _lczoh B|`dl _tl~+jp+tl~ thzg|bh thl oczllz ~mcee`eb ced fgjc~~m`oct`ge ~zgol%Rlj Zlsg|zols Oczllz d`zlotgzp- ogk~cep ~zga`ml ced m`ei- cgo`ct`ge

m` i f j m` t` `m jm th h th ODO t` a J d j `ted

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JCOIBZG\ED ZL_LCZOHThl Oczllz dlqlmg~klet oletzl gaalz c mczbl e|kjlz ced qcz`ltp ga lzq`ol tgjgth t|dlet ced tcaa ct Jged \e`qlz`tp% Thlzl czl gkl bzlct g~~gzt|e`t`lcqc`mcjml thct thl ODO gaalz c`tceol r`th thzg|bh OczllzH|j ced thl qcz`g|rgzihg~ thlp ~zgq`dl% Thl lzq`ol ` ege+~zga`t ced ogk~mltlmp azll ga ohczbltg jgth t|dlet ced lk~mgpll% Gthlz |e`qlz`t`l hcql jlle iegre tg ohczbl%Thl rgzihg~ czl oczllz ago|ld ced ~zgq`dl llet`cm b|`dlm`el agz a`ed`ebthct ~lzalot fgj ced qlet|z`eb `etg thl rgziagzol% Cmm ODO tcaa czl az`ledmp-

hlm~a|m ced t|dlet ago|ld% _t|dlet thct hcql |ld thl lzq`ol hcql b`qlebggd ced ~g`t`ql alldjcoi% Thlp czl ago|ld ge b`q`eb t|dlet thl jlt~g`jml |~~gzt ced lecjm`eb thlk tg blt thl kgt g|t ga Jged \e`qlz`tp%

\eagzt|ectlmp- g acz- egt leg|bh t|dlet czl `eqgmqld r`th thl lzq`ol thlODO ~zgq`dl% _t|dlet a`ed thlklmql mlcze`eb cjg|t thl oletzl tgg mctl%G~~gzt|e`t`l jlogkl m`k`tld `a t|dlet dg egt tcil cdqcetcbl ga thl`z lzq`olc lczmp c ~g`jml% Thlzl ` egt leg|bh crczlel ga thl`z lzq`ol gz laalot`ql

cdqlzt``eb% Thl oletzl `tlma c~~lcz |erlmogk`eb ced c mczbl ckg|et gat|dlet czl |ecrczl ga `t mgoct`ge% Thl ODO tcaa hc ag|ed thct t|dlet hcqld`aalzlet lx~lotct`ge ga thl lzq`ol- gatle lx~lot`eb `t tg jl c zloz|`tkletcbleop% O|zzletmp- tcaa czl t`mm rgzi`eb g|t thl jlt klthgd tg zlcoh t|dletced kcil thl rgzihg~ kgzl let`o`eb ced jlela`o`cm agz thlk%

Thl tczblt kczilt agz thl Oczllz dlqlmg~klet oletzl r`th`e Jged ` Jged\e`qlz`tp t|dlet% O|zzletmp- cmkgt 34>> t|dlet czl lezgmmld r`th OczllzH|j

d j a t d t tt d th i h `d d d ` th t

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Thl bgcm ga thl Oczllz Dlqlmg~klet Oletzl ` tg dlqlmg~ c kczilt`eb ~mce tg6

+ `eozlcl OczllzH|j zlb`tzct`ge+ `eozlcl t|dlet crczlel ga thl oletzl ced thl lzq`ol `t

~zgq`dl+ ogkk|e`octl laalot`qlmp- coo|zctl `eagzkct`ge ge thl lzq`ol ced

zlg|zol ~zgq`dld

Thl lczm`lz t|dlet jlogkl crczl ga- ced cttled- ODO a|eot`ge thl bzlctlzthl`z g~~gzt|e`t`l r`mm jl `e thl a|t|zl% Agz lxck~ml- thlp r`mm hcql thl cj`m`tp tgzllczoh ced ~czt`o`~ctl `e `etlzeh`~ c rlmm c ~czt+t`kl rgzi `e thl`z a`lmd gaohg`ol%

Thl mctlt t`kl tg q``t thl ODO rg|md jl thl t|dlet ?zd lkltlz (th` dl~ledge rhle thl t|dlet tczt cttled`eb Jged) jloc|l bzcd|ct`ge lcge cmrcpgoo|z `e thl 3t lkltlz ga lqlzp plcz% Th` ` `k~gztcet jloc|l bzcd|ct`gelcge ` rhle gzbce`ct`ge ogkl ced ~lci tg t|dlet ~lzgecmmp- rh`ohcmmgr t|dlet tg c~~mp agz fgj tg ogkkleol `e Aljz|czp ga thl agmmgr`eb plcz%

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OGK^LT@T@GE CECMP_@_

\e`qlzs`tp!Jlpged:>>8

Thl \e`qlz`tp ced Jlpged :>>8- gel ga thl mczblt |zqlp `e C|tzcm`c- rcoged|otld jp Bzcd|ctl Oczllz C|tzcm`c `e ogef|eot`ge r`th c e|kjlz ga\e`qlz`t`l cozg C|tzcm`c tg gjtc`e thl q`lr ced lx~lotct`ge ga h`bhlzld|oct`ge t|dlet% Agmmgr`eb thl |ool ga thl |zqlp- kgzl thce :2->t|dlet azgk cozg C|tzcm`c zl~gedld jltrlle Kcp ced C|b|t :>>8% Thlagmmgr`eb |kkczp jz`lamp lxck`el thl zl|mt ga thl |zqlp agz Jged \e`qlz`tp`e zlmct`ge tg thl`z oczllz lzq`ol czlc% F|t gqlz ?>> zl~gel tg thl |zqlprlzl zlol`qld azgk Jged \e`qlz`tp t|dlet `e :>>8%

Jged\e`qlzs`tpOczllzs_lzq`ols_ec~shgtZl~gzt

_t|dlet azgk Jged \e`qlz`tp rhg cttledld thl`z |e`qlz`tp oczllz ac`z- hcql

q``tld thl`z |e`qlz`tp Oczllz _lzq`ol Oletzl ced'gz Rlj`tl% Rhle ogk~czld-thl zl|mt `ed`octl thct Jged \e`qlz`tp t|dlet czl m`bhtmp kgzl m`ilmp tg hcqlcttledld thl`z |e`qlz`tp oczllz ac`z thce t|dlet cozg C|tzcm`c (:8%1, q%:4%3,)% A|zthlzkgzl- Jged \e`qlz`tp t|dlet czl k|oh kgzl m`ilmp thce thlect`gecm cqlzcbl tg hcql q``tld thl Oczllz _lzq`ol Oletzl (4?%

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oCDleol

G|z zllczoh zlqlcm Jged t|dlet kc`e |l ga thl ODO zlqgmql czg|edz|k rz`t`eb ced `etlzq`lr i`mm agz dlqlmg~`eb thl`z fgj lczoh tzctlbp agz

ogeelot`eb d`zlotmp r`th lk~mgplz% Rhle |`eb thl ODO rlj`tl- t|dlet czlkgzl m`ilmp thce thl ect`gecm cqlzcbl tg cool thl rlj`tl tg c`t dlqlmg~`ebc fgj lczoh tzctlbp ced lli c ohceol tg ogeelot d`zlotmp r`th lk~mgplz%

Thl zl|mt ga zllczoh`eb thl ogk~lt`t`ge ~zgql Jged tg jl |e|z~cld jp cepgthlz \e`qlz`tp- r`th Bz`aa`th ogk`eb `e c `t omglt z`qcm%

Jged \e`qlzs`tp

Rl hcql ag|ed Jged \e`qlz`tp ODO tg jl thl tzgeblt gaalz`eb thl kgtogk~zlhle`ql zcebl ga lzq`ol ced aco`m`t`l agz thl`z t|dlet%

Bz`aa`th \e`qlzs`tpBz`aa`th \e`qlz`tp lzq`ol czl qlzp `k`mcz tg thgl gaalzld jp Jged ODO-gaalz`eb ce lxtle`ql zcebl ga aco`m`t`l agz thl`z t|dlet% Bz`aa`th \e`qlz`tp hcgel tzgeb alct|zl rh`oh el`thlz Jged egz _g|thlze Ozg gaalz thct `6

@e+mlot|zl slzq`ols6Oczllz Ago|s Kgd|ml + C oczllz dlqlmg~klet kgd|ml gaalzld agz clklet c~czt ga ce lx`t`eb og|zl%

Kci`eb Lk~mgpklet Hc~~le _lk`ecz+ C +k`e|tl- ~zcot`ocm ced `etlzcot`qllk`ecz ~zgq`d`eb a`zt plcz t|dlet r`th tzctlb`l thlp oce |l- rh`mt|edlztci`eb thl`z |e`qlz`tp t|d`l- tg lehceol thl`z bzcd|ctl lk~mgpkletg|togkl%

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oCDleol

_tzlebths'Rlcielssls

_tzlebths RlcielsslsJGED Ml t|dlet tg rgzi

r`th- g kgzl t`kloce jl ~let gel+ge+gel

Gel+ge+gelc`tceol r`thzl|kl rz`t`eb ced~lzgecm alldjcoi

Jlpged Jged^zgbzck

Cmm lzq`ol czl azllagz t|dlet- cm|ke`ced lk~mgplz

M`k`tld tcaa Mgr j|dblt

BZ@AA@TH Oczllz ago| kgd|ml

_lk`ecz gaalzld agz3t plcz t|dlet

Egt c k|oh

`ed`q`d|cm t`kl r`tht|dlet Egt gel+ge+gel agz

zl|kl rz`t`eb_G\THLZE OZG__ Egt c k|oh

`ed`q`d|cm t`kl r`tht|dlet

_gkl lzq`ol

t d t h d

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OZ@T@OCM @__\L_ ACO@EB THL OM@LET

Thlzl czl kcep `|l Jged ODO ` agzold tg og~l r`th% Agz gel- thlp k|tle|zl ced kc`etc`e c tzgeb ~g`t`ge ced tct| c c a|edckletcm ced`etlzcot`ql ~czt ga thl Jged ock~|% @e zlmct`ge tg th` Jged ODO k|t lxlzo`lce ge+bg`eb- laalot`ql kczilt`eb ced cdqlzt``eb tzctlbp `e gzdlz tg coh`lqldl`zld t|ze+g|t zctl agz thl kcep `etlzcot`ql go`cm lqlet% @eogz~gzct`eb ced~zgq`d`eb t|dlet r`th c lel ga elld ced crczlel cmgeb r`th thl |edlzmp`ebjlela`t agz |`eb th` azll lzq`ol ` q`tcm tg thl ODO lx`tleol ced tct|zlr`th`e Jged% Thl ODO ` cmg acold r`th thl ohcmmleb`eb `|l ga a`ztmpogeq`eo`eb t|dlet tg `be |~ agz Oczllz H|j ced logedmp ~zgq`d`eb `eolet`qlagz `t |l% Th` og|md jl s|`tl c d`aa`o|mt coh`lqlklet `a rgzd ga kg|th cdqlzt``ebhc `eagzkld t|dlet ga cmtlzect`ql rlj`tl gaalz`eb `k`mcz lzq`ol% Cmg~zgq`d`eb ced `eogz~gzct`eb zlmlqcet t`kl+azckl ced ohld|ml ` c k|t agz thlODO- tg le|zl thct t|dlet czl egt `eogeqle`leold `e thl`z hlot`o t|dpohld|ml%

Dl~`tl jl`eb c azll lzq`ol- thl ODO k|t d`aalzlet`ctl g c egt tg mglt|dlet rhg kcp rcet tg agzk c omglz zlmct`geh`~ r`th thl`z oczllz ogcoh% Thlelld kcp lx`t agz g|t`dl lk~mgpklet ga ~zgal`gecm ~lo`a`o tg zl|kl cedc~~m`oct`ge rz`t`eb gz `etlzq`lr tlohe`s|l% A`ecmmp `e zlmct`ge tg thl o|zzletlogegk`o oz`` `t ` `k~gztcet agz thl ODO tg c|zl t|dlet `t tzlebth c ca|edckletcm oczllz tggm ced kc`etc`e thl `etlbzcm tct| ced tcedczd thct thlphcql ~zlq`g|mp hlmd%

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JGED OCZLLZ DLQLMG^KLET OLETZL _RGT

CECMP_@_

RLCIEL__L_

ODO `vl Mcoi ga ~zgal`gecm `becbl Mcoi ga crczlel ge thl

|e`qlz`tp rlj`tl K|mt`+o|mt|zcm tczblt`eb ced

ogk~ct`j`m`tp Mcoi ga d`zlot kczilt`eb ced

cdqlzt``eb c~~zgcohl K`e`kcm tczblt`eb ga Jged

Ogmmlbl _t|dlet Mcoi ga coiegrmldblklet ge

Jged kc~% Mcoi ga d`zlot+kc`m cdqlzt``eb

_TZLEBTH_

_|~~gzt ! jcoi`eb azgk jgth\e`qlz`tp kcecblklet ! aco|mtp

kcecblklet Ogkagztcjml ced zlmcxld

ctkg~hlzl ^c`gectl ced hlm~a|m tcaa% Ogetcet dlqlmg~klet ga elr

lqlet ! oczllz bzg|~- l%b%ago| bzg|~

Ogeelotld ect`gecmmp r`thECBOC_ (Ect`gecm Cgo`ct`gega Bzcd|ctl Oczllz Cdq`gzp_lzq`ol

Ago| ` ge c ~zg+cot`qlzlmct`geh`~ c~~zgcoh%

Azll lzq`ol gaalzld tg cmmt|dlet

ODO m t`

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oCDleol

JGED \E@QLZ_@TP OCZLLZ DLQLMG^KLET OLETZL

^L_T CECMP_@_

TLOHE@OCM

_GO@CM

_t|dlet `e thl`z lczmplkltlz allm thlp dg egt elldtg rgzzp cjg|t oczllz ct |ohce lczmp tcbl

_t|dlet elcz`eb thl led gathl`z t|d`l allm `t kcp jl

a m t t t m i` t th `

^GM@T@OCM

Mgr lk~mgpklet zctl% _tzgeb kcecblklet |~~gzt Bggd rgzi`eb zlmct`ge r`th

aco|mt`l Bggd zlmct`ge r`th g|t`dl

gzbce`ct`ge Ege+~zga`t

LOGEGK@OCM

Zlol`ge Thl kgzl ~lg~ml `be |~ agz

oczllz h|j thl bzlctlz a|ed thlplcze ced thlp oce cdd ce lxtzc

~lzge tg tcaa Mgr j|dblt _|aalz`eb logegkp mlcd tg

~lg~ml gjtc`e`eb h`bhlz mlqlm gald|oct`ge%

All azll lzq`ol agz t|dlet cedlk~mgpll(kgt gthlz|e`qlz`t`l ohczbl)

Dlolet j|dblt `%l% A|ed rhctelld tg jl a|edld

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oCDleol

@ETLBZCTLD KCZILT@EB ^MCE

oCDleol dlo`dld tg ago| `t kczilt`eb ock~c`be ge t|dlet cttled`ebGz`letct`ge Rlli lqlet jgth `e Jged Ogmmlbl ced thl \e`qlz`tp% Cmg t|dletrhg czl zlb|mczmp `e thl q`o`e`tp ga J|`md`eb 1 (hgkl ga thl ODO)%

Jged \e`qlz`tp t|dlet czl thl tczblt kczilt agz thl Oczllz Dlqlmg~kletOletzl ced cmg g|z @KO% Thl c`k ga thl ock~c`be ` tg lebcbl ced let`ol kgzl~lg~ml tg blt `eqgmqld `e thl oletzl ced `t azll lzq`ol tg t|dlet% Th` @KO~zg~gl c `k~ml `becbl tzctlbp `eqgmq`eb thl ~mcolklet ga qcz`g| `be|~~gzt`eb thl elr mgbce- Blt D`zlot`ge# Q``t thl ODO% Jp |`eb th` tzctlbpthl elr `becbl r`mm ~czi o|z`g`tp ced thle cot`ge%

A|zthlz `etlbzct`ge ced cdd`eb ga Jged Ogmmlbl c ce cddld kczilt lbklet-rc lmlotld ge thl jc` thct- c ga plt- thlzl rc k`e`kcm `eagzkct`ge cjg|tthl Oczllz Dlqlmg~klet Oletzl `eom|dld `e thl Gz`letct`ge Rlli ohld|ml%Thlzl ` eg ohld|mld `eagzkct`ge l`ge `e thl Gz`letct`ge Rlli t`kltcjml

(C~~led`x C)- ced thl cot|cm oletzl mgoct`ge ` egt hgre gz ~g`etld g|t d|z`ebthl ock~| tg|z ga tzce`t`gecm t|dlet% @t ` oge`dlzld qlzp `k~gztcet thctthll t|dlet bc`e d`zlot`ge- gz Blt D`zlot`ge#- c rl cp- ct ce lczmp tcbl gathl`z t|d`l- jlela`t`eb egt gemp thl t|dlet- j|t cmg thl ODO% Gz`letct`geRlli ` c oz`t`ocm rlli tg tczblt% ^czlet ||cmmp blt `eqgmqld ct th` tcbl cedr`mm jl cjml tg c`t `e leog|zcb`eb thl`z oh`mdzle tg lli b|`dceol thzg|bh thlOczllz Dlqlmg~klet Oletzl% @a Jged Ogmmlbl t|dlet czl crczl ga thl azlllzq`ol gaalzld jp thl ODO `e thl lczmp tcbl ga ogkkleo`eb thl`z t|d`l-

th `mm t d t j ` m d d ` a t ` t a th t d t `mm

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oCDleol

C qcz`ltp ga cdqlzt``eb kld`c rg|md jl |ld tg le|zl g|z klcbl hc c jzgcdced |oola|m ogqlzcbl% Thl ~z`kczp kld`|k agz thl ock~c`be ` ~gtlz9

qczp`eb `e `vl ced ~g`t`geld `e ~zgk`elet mgoct`ge `e thl tczblt czlc (J|`md`eb1- Jged Ogmmlbl- Dge Tcqlze) ced gthlz czlc czg|ed ock~|% ^gtlz czl c`k~ml ced ohlc~- plt laalot`ql- klce ga cdqlzt``eb thl ODO% @eom|`ql `e thl~gtlz octlbgzp- rl czl `eom|d`eb d`b`tcm ~gtlz thct r`mm jl ~zllet ge thl`eagzkct`ge ozlle mgoctld czg|ed ock~| ced thl dlitg~ jcoibzg|ed ga cmmeltrgzild ogk~|tlz%

Thl `eagzkct`ge ozlle czl ~zllet- egzkcmmp r`th k|mt`~ml `etceol- `e lqlzp

j|`md`eb ge ock~| ced ~mcp c ^grlz^g`et ~zlletct`ge ga Jged lqlet cdqlztced dl~cztkletcm `eagzkct`ge% Thll ozlle czl lle jp kgt t|dlet geock~| ge c dc`mp jc` ced t`l thl ock~c`be `e r`th gthlz Jged kczilt`ebock~c`be- b`q`eb c kgzl gaa`o`cm tpml% Thl |l ga thl dlitg~ jcoibzg|ed gathl eltrgzild ogk~|tlz czg|ed ock~| (lxom|d`eb A`mk ced TQ)- thct czl |ldjp elczmp cmm t|dlet- c`d `e thl gqlzcmm ogkk|e`oct`ge ced hlm~ zc`l o|z`g`tpcjg|t thl ODO%

Thl logedczp kld`|k agz thl ock~c`be ` t`oilz% _t`oilz czl c bzlct hcedg|tthct ~lg~ml tled tg t`oi ge jggi- agmdlz lto% _t|dlet thle `ecdqlztletmp~zgkgtl g|z klcbl agz |%

@e cdd`t`ge tg thll kld`c rl rg|md cmg le|zl thct thl Oczllz Dlqlmg~kletOletzl ` alct|zld ge thl mczbl ock~| kc~ lle thzg|bhg|t ock~|% Cmg- rl|bblt thct c jgczd g|t`dl thl gaa`ol gz ct thl jgttgk ga thl tc`zocl mlcd`eb tgthl gaa`ol r`th Rhct ge th` rlli d`~mcpld rg|md jl ce laalot`ql |~~mlklet

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oCDleol

_\^^GZT@EB LQ@DLEOL AGZ @KO

D`stz`j|t`ge_tzctlbp

G|z d`tz`j|t`ge tzctlbp tczt rhle t|dlet czl a`zt cool~tld tg Jged Ogmmlblced Jged \e`qlz`tp tg cmmgr agz ~lg~ml tg jlogkl crczl ga Jged OczllzDlqlmg~klet Oletzl azgk thl qlzp jlb`ee`eb% Cegthlz cdd`t`ge tg th` oge`t gahcq`eb c tcjml zlcd`mp cqc`mcjml r`th `eagzkct`ge ced jzgoh|zl cjg|t thl OczllzDlqlmg~klet Oletzl jgth d|z`eb gz`letct`ge rlli ced oget`e|cmmp thzg|bhg|t

lcoh lkltlz g|t`dl thl ODO% Th` ` d|l tg thl acot thct thl OczllzDlqlmg~klet Oletzl dgl egt gaalz tceb`jml ~zgd|ot- ced g jp gaalz`ebjzgoh|zl ~lg~ml r`mm jl cjml tg bc`e gklth`eb tceb`jml azgk thl OczllzDlqlmg~klet Oletzl% A`ecmmp- rl rg|md m`il thl tg|z ga Jged Ogmmlbl ced Jged\e`qlz`tp tg egt gemp ~g`et g|t rhlzl thl Oczllz Dlqlmg~klet Oletzl j|t tgcot|cmmp qlet|zl `e`dl thl oletzl tg cmmgr t|dlet tg jlogkl ack`m`cz r`th `t cedcmg zlk`ed t|dlet thct `t ` ~lzt`elet tg q``t thl Oletzl lczmp `e thl`z dlbzll%

_~gesgzsh`~_~gegzh`~ (`e zlbczd tg c oc|l ga lqlet) oce jl dla`eld c ceczzceblklet `e rh`oh c ogk~cep ogetz`j|tl tg thl lx~lel ga c oc|l gzlqlet tg `eozlcl thl ~lzol`qld qcm|l ga thl ~gegz jzced `e thl k`ed ga thloge|klz (Rlmm- :>>8)% _|~~m`l gz lzq`ol czl ||cmmp ~zgq`dld azll ga ogt tg|~~gzt thl lqlet gz oc|l- |oh c c ~gzt- tg~`o gz oc|l% Th` oce jl zcthlzogtmp ct t`kl c lqlet oce jl s|`tl mczbl ced oge`t ga gz zls|`zl lx~le`qlls|`~klet% Thl laalot`qlel ga ~gegzh`~ zlm`l ge thl pelzbp ga ~zgkgt`ge-

d ` ` d jm` m ` (R mm :>>8) CD j m` h`

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oCDleol

thl Oczllz Dlqlmg~klet Oletzl rlet tg gel mlot|zl lcoh lkltlz agz lcoh ogzl|jflot th` rg|md dla`e`tlmp kcil cmm t|dlet crczl ga thl lzq`ol thct thl

Oletzl hc agz t|dlet ced f|t hgr `k~gztcet thl ODO ` thzg|bhg|t thl`zdlbzll% Rl zlogkkled agz d`zlot kczilt`eb thct I`ztp- gz ce lk~mgpll ga thlOczllz Dlqlmg~klet Oletzl cttlk~t tg jlogkl kgzl `eqgmqld `e omcl tg hlm~ogeqlp `eagzkct`ge tg thl t|dlet% Cegthlz |bblt`ge rl hcql `e tlzk gad`zlot kczilt`eb ` hcq`eb gel K|mt`kld`c omc c lkltlz dl`be ced ozlctl cecdqlzt`lklet |oh c ce Cqcet oczd c ~czt ga thl`z clklet% @a thl OczllzDlqlmg~klet Oletzl c~~zgcohld thl mlot|zlz gz T|tgz azgk th` |jflot- cedll `a thl`z omcl og|md dl`be ce Cqcet oczd (gz rhctlqlz thl t|dlet czl

dg`eb thct ~czt`o|mcz lkltlz) agz thl Oletzl% Th` rg|md egt gemp hlm~ thlt|dlet tg bc`e c bzlctlz |edlztced`eb cjg|t thl lzq`ol ~zgq`dld j|t thlCqcet oczd rg|md jl bltt`eb dl`beld jp t|dlet- kci`eb thl dl`be jlcttzcot`ql tg gthlz t|dlet% Thl dl`be og|md thle jl |ld agz gel ga thl`zcdqlzt`lklet thzg|bhg|t thl plcz%

Thl^gstlzOhceelm

Thl ~z`et klcbl agzkct ` ml amllt`eb thce thct ga jzgcdoct gz kld`cohceelm ced ` thlzlagzl kgzl ogeozltl- klce`eb ~lg~ml r`mm tled tg ~ledkgzl t`kl r`th ~z`et ced cjgzj `t klcbl kgzl thgzg|bhmp% ^z`et ~zgq`dlkgzl dltc`mld `eagzkct`ge- z`oh `kcblzp ced hc c mgeblz klcbl m`al% ^gtlzced g|tdggz jgczd czl ~z`kcz`mp q`|cm- cmthg|bh thl |l ga ozlct`ql og~prz`t`ebr`mm blelzcmmp cttlk~t tg octoh oge|klz cttlet`ge ced mgoi+`e ce `dlc-zlb`tlz`eb c klcbl% Ce laalot`ql ~gtlz ` gel rh`oh |e`a`l thl rgzd r`th thlq`|cm% Thl ilp tg ce laalot`ql ~gtlz ` c dgk`ecet q`|cm r`th k`e`kcm og~p% Thl

G d K d` C ` ` d d` d ` a

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oCDleol

:% Ce cd rh`oh ` agz c h`bh+`eqgmqlklet ~zgd|ot rhlzl thl oge|klz oce~led c mgt ga t`kl oge`dlz`eb h` gz hlz qcz`g| g~t`ge jlagzl kci`eb

ce `eagzkld dlo``ge% Thl kgzl `eagzkct`ge thl jlttlz- ced th` klce|`eb rgzd%?% Ce cd agz c ~zgd|ot thct elld tg ltcjm`h `t ozld`j`m`tp gz c|thgz`tp `e c

octlbgzp (Jged ced thl ODO)4% C klcbl thct ` tzp`eb tg coh`lql cjtzcot s|cm`t`l- |oh c f|t`ol-

s|cm`tp gz `etlbz`tp- rgzd r`mm ogkk|e`octl thll ogeol~t kgzl omlczmpthce ~`ot|zl%

Rl |edlztced thct kcep t|dlet r`mm egt rcet tg jl gqlzmgcdld r`th c mgt gazlcd`eb g rl hcql dl`beld g|z ~gtlz r`th th` `e k`ed- ill~`eb thl`eagzkct`ge ct k`e`k|k r`th cttzcot`ql ~`ot|zl ced dl`be%

Ock~c`be_mgbce

Rgzd ced ~`ot|zl rgzi tgblthlz tg ~zgd|ol c ozlct`ql ogeol~t- ced thl `dlcjlh`ed ozlct`ql rgzi `e cdqlzt``eb ` gklt`kl lx~zlld `e thl agzk gacttlet`ge+bltt`eb ced klkgzcjml ~hzcl |oh c g|z ock~c`be ~hzcl- BltD`zlot`ge# Q``t thl ODO% oCDleol ^tp Mtd ` 3>>, ct`a`ld thct th` ozlct`ql~hzcl r`mm bzcj cmm Jged t|dlet cttlet`ge d|l tg `t `k~m`o`tp ced lcp cedklkgzcjml zlocmm%

Qlzct`m`tp ` c ogkkge tzc`t ga og~prz`tlz- kgq`eb azgk tg`mlt |z`ecm tg Kcoitz|oi thl`z rz`t`eb tpml h`at tg kctoh thl ~zgd|ot ced mceb|cbl ga thl`z tczbltc|d`leol% C `t rc lle r`th g|z tlck- thl og~prz`tlz ~led hg|z- lqle dcp-

a a

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oCDleol

_RGT CECMP_@_ AGZ OCDLEOL OCK^C@BE

G^^GZT\E@TL_

Gaalz`eb aggd rhle lqlet goo|zct klcm t`kl%

^lg~ml `be`eb |~ agz oczllz h|jgz`letct`ge rlli r`mm cmmgr cbzlctlz j|dblt agz ODO

Jp hcq`eb ~lg~ml kgzl `eagzkldthlpzl kgzl m`ilmp tg tlmm gthlz

RLCIEL__L_

Mgr j|dblt ocet gaalz kcep`eolet`ql

Rl dget elolcz`mp hcql ceplet`olklet thct kcil ~lg~ml

rcet tg bg tg ODO

_TZLEBTH_

Jp cdqlzt``eb thzg|bh thlogmmlbl- t|dlet r`mm cmzlcdp jlcrczl ga ODO rhle thlp ogkltg Jged \e`qlz`tp

^czlet czl m`ilmp tg jl `eagzkldthzg|bh Jged Ogmmlbl Iegrmldbl ga mgoct`ge ga ODO

thzg|bh ~mcolklet ge ock~|kc~

_t|dlet iegr cjg|t ODO azgkthl`z a`zt dcp ct Jged

^lg~ml jlogkl kgzl crczl d|l

tg thl zl~lt`t`ge ga jl`ebtgmd'll`eb `eagzkct`ge ge ODO laalot`ql |l ga zl~lt`t`ge ; bggd

_t|dlet czl kgzl `eom`eld tgagmmgr thl ogzzlot oczllz ~cth-ced thlp tczt th`ei`eb cjg|toczllz- lzbg kci`eb thlk kgzlm`ilmp tg q``t ODO

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oCDleol

^L_T CECMP_@_ AGZ OCDLEOL OCK^C@BE

^GM@T@OCM G|z ~gtlz dg egt a`t thl

tcedczd Jged thlkl

LOGEGK@OCM G|z ock~c`be z|e |edlz thl

ODO j|dblt ga $> @dlcmmp c mczblz j|dblt og|md

kcil c kgzl laalot`qlcdqlzt``eb ock~c`be

Catlz `k~mlkletct`ge ga `be`eb|~ agz Oczllz H|j d|z`ebGz`letct`ge rlli ODO r`mm hcqlc mczblz j|dblt

_GO@CM G|z ock~c`be kcil thl ODO

llk kgzl `eq`t`eb thce `t rc~zlq`g|mp

@etlzcot`ql c~~zgcoh thct `kgzl `eqgmqld r`th ~czlet

ced t|dlet Cdd`t`gecm ~zgkgt`ge thg|bhthl ~gtlz ohceelm zc`lcrczlel ga thl ODO

TLOHE@OCM G|z ock~c`be dlqlmg~klet `

ogk~z`ld ga thl |l gak|mt`kld`c dl`be gatrczl

_gkl cdk`e`tzct`ge kcpd`cbzll r`th ODO |l gaJged tlohegmgbp c cecdqlzt``eb kld`|k

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oCDleol

KLD@C _OHLD\ML

Thl a`zt `k~mlkletct`ge ga thl kczilt`eb ~mce oge`t ga thl tg|z d|z`ebGz`letct`ge rlli% Hcq`eb ~lg~ml rcmi `e ced cot|cmmp ll`eb thl OczllzDlqlmg~klet Oletzl c ce g~le ced az`ledmp ~mcol ` c rcp agz t|dlet tgjlogkl kgzl ack`m`cz r`th thl Oczllz Dlqlmg~klet Oletzl% @e cdd`t`ge tg th``be`eb |~ agz Oczllz H|j r`mm jl klet`geld `e thl Gz`letct`ge Rlli ~ck~hmltthct czl b`qle g|t jp jgth Jged Ogmmlbl ced \e`qlz`tp%

Thl ~gtlz c~lot ga thl kczilt`eb ock~c`be- jl`eb thl ~gtlz ~mcold czg|edthl Jged \e`qlz`tp ock~| r`mm jl ~|t czg|ed ock~| d|z`eb rlli :% Jp~mco`eb thll ~gtlz czg|ed ock~| d|z`eb rlli : `t r`mm cmmgr t|dlet tgegt`ol thl ~gtlz kgzl jp egt`o`eb thl ohcebl czg|ed ock~|% Thl kld`cohld|ml cmg `eqgmql elr t|dlet thct hcql c~~m`ld tg Jged lcoh lkltlz%R`th thl`z cool~tceol mlttlz `eagzkct`ge ge thl Oczllz Dlqlmg~klet Oletzl r`mmjl `eom|dld g c tg `eagzk thl a|t|zl t|dlet ga Jged \e`qlz`tp cmgeb r`th thl`z

~czlet%

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oCDleol

LQCM\CT@GE ^MCE_ AGZ OCK^C@BE

^z`gz tg thl tczt ga thl zllczoh agz thl ock~c`be agz thl Oczllz Dlqlmg~kletOletzl- oCDleol ozlctld c |zqlp tg bc`e c jlttlz |edlztced`eb ga rhct Jgedt|dlet cmzlcdp iegr cjg|t thl Oczllz Dlqlmg~klet Oletzl- ced hgr thlpockl cjg|t th` `eagzkct`ge oCDleol oged|otld c |zqlp% Thl |zqlp oge`tldga gemp tle s|lt`ge- lqle k|mt`~ml ohg`ol- ced thzll g~le+ledld s|lt`ge%Thl s|lt`ge rlzl c`kld ct a`ed`eb rhct thl tzlebth ga thl ODO czl ced rhctc~lot oce jl `k~zgqld% Rl rlzl cjml tg gjtc`e 4? zl~gel agz th` gem`el|zqlp%

Rl ag|ed thct thl ODO hc qlzp h`bh ~gtlet`cm ge Jged ock~|- r`th 48%0, gazl~gedlet omc`k`eb thct thlp hcql egt ohgle thl`z oczllz ~cth catlz Jged%Th` omlczmp hgr thct thl ODO hc ce c|d`leol thct rg|md jl qlzp c~t tg|t`m``eb thl`z lzq`ol%

Hcql pg| ohgsle pg|z oczllz ~cth catlz

Jged7

Pls

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oCDleol

Rl ag|ed thct 20%3, ga thl zl~gedlet rlzl crczl ga thl Oczllz Dlqlmg~kletOletzl- cmthg|bh gkl rlzl |e|zl ga lxcotmp rhct `t rc thct thl ODO rc

|ld agz%

Lqle thg|bh kcep t|dlet rlzl crczl ga thl Oczllz Dlqlmg~klet Oletzl- 1>,ga thl t|dlet rlzl |ecrczl ga rhlzl thl ODO rc mgoctld%

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oCDleol

\`eb th` `eagzkct`ge `t jlockl omlcz tg oCDleol thct `t ` `k~gztcet tg cdqlzt`legt gemp thl Oczllz Dlqlmg~klet Oletzl- j|t cmg rhlzl `t ` mgoctld ced rhct `t

~|z~gl czl% Cmthg|bh kcep t|dlet rlzl crczl ga thl Oczllz Dlqlmg~kletOletzl d|l tg thl lkc`m thlp zlbczdld thll lkc`m c ceegp`eb ced gjtz|`qlrhle klet`ge`eb th`% Kcep t|dlet llk tg a`mtlz g|t thl ODO lkc`m r`th43%0, ga t|dlet omc`k`eb thlp d`d egt zlol`ql cep lkc`m%

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oCDleol

Gel ga thl kgt ~lzt`elet ~`lol ga `eagzkct`ge bc`eld azgk th` |zqlp rc hgrOczllz H|j acotgzld `etg ~lg~ml iegrmldbl ga thl ODO% Zl|mt hgr thct

21%2, ga t|dlet rlzl egt crczl ga Oczllz H|j%

R`th th` `eagzkct`ge `t jlockl qlzp omlcz tg oCDleol thct `t rc qlzp `k~gztcettg `eozlcl iegrmldbl ga Oczllz H|j%

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oCDleol

J\DBLT ZL^GZT

Catlz hg|z ga ozlct`ql ~mcee`eb- rl dlqlmg~ld lqlzcm dl`be thct rlzl tg jl`etledld agz |l `e th` ock~c`be% Rl hcql 8 ~gtlz dl`be- 1 t`oilz dl`beced c ~zlletct`ge agmdlz% @e cdd`t`ge tg thll thlzl czl thl dl`be agz thl d`b`tcm`becbl ag|ed czg|ed ock~|- ~m| c dlitg~ jcoibzg|ed agz cmm eltrgzildogk~|tlz ge ock~|%

Jged \e`qlz`tp led thl kcfgz`tp ga thl`z ~|jm`oct`ge tg c mgocm ~z`et'dl`behg~- Qcz`tp Bzc~h`o- agz ~z`et`eb% Rl q``tld th` tgzl ced d`o|ld thl~z`ol agz thl ~z`etld kctlz`cm rl zls|`zld- ced catlz gkl thg|bht tgrczds|cet`t`l rl dlq`ld th`6

Kld`c Stp% ^z`ol Lcoh Tgtcm ^z`ol^gtlz C4 :< $3%>> $:>^gtlz C? 3> $30%>> $30>%>>^gtlz C: : $:0%>> $>

_t`oilz > $>%?: $31>%>>^zlletct`ge Agmdlz > $?%:> $31>>%>>R`edgr Mlttlz`eb 3 $:>> $:>>Ock~| D`b`tcm _`becbl + + +Dlitg~ Jcoibzg|ed + + +

Bzced Tgtcm6 $::??%>>

Omlczmp thl s|cet`t`l ced ~z`ol ga olztc`e kld`c lmlqctl thl gqlzcmm ogt tg ce

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oCDleol

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