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6XDIXQomRSULQFLSDOFRQVLVWHHPSURFHGHUDXPDUTXLYDPHQWRWUDQVLWyULRLVWRpHPDVVHJXUDUDSUHVHUYDomRGH
GRFXPHQWRV TXH QmR VmR PDLV PRYLPHQWDGRV XWLOL]DGRV SHOD DGPLQLVWUDomR H TXH GHYHP VHU JXDUGDGRV
WHPSRUDULDPHQWH DJXDUGDQGR SHOR FXPSULPHQWR GRV SUD]RV HVWDEHOHFLGRV HODV FRPLVV}HV GH DQiOLVH RX HP
DOJXQV FDVRV SRU XP SURFHVVR GH WULDJHP TXH GHFLGLUi SHOD HOLPLQDomR RX DUTXLYDPHQWR GHILQLWLYR SDUD ILQV GH
SURYDRXGHSHVTXLVD

+i GRLV WLSRV EiVLFRV GH WUDQVIHUrQFLD SHUPDQHQWH H SHULyGLFD 3HUPDQHQWH p D TXH VH SURFHVVD HP
LQWHUYDORV LUUHJXODUHV H H[LJH TXDVH VHPSUH TXH VH LQGLTXH HP FDGD GRFXPHQWR D GDWD HP TXH GHYHUi VHU

WUDQVIHULGR 6y p DSOLFDGD HP FDVRV HVSHFLDLV 3HULyGLFD p D UHPRomR GH GRFXPHQWRV HP LQWHUYDORV
GHWHUPLQDGRV (OD SRGH VHU HIHWXDGD HP XPD HWDSD HP GXDV HWDSDV H DLQGD GHQWUR GH XP SHUtRGR
GHWHUPLQDGRVHQGRHVWD~OWLPDFRQKHFLGDFRPRSHULyGLFDGHPtQLPRHPi[LPR
1D WUDQVIHUrQFLD SHULyGLFD HP XPD HWDSD RV GRFXPHQWRV MXOJDGRV GH YDORU VmR UHFROKLGRV GLUHWDPHQWH GR
DUTXLYRFRUUHQWHSDUDRDUTXLYRSHUPDQHQWH1HVWHFDVRQmRKiDUTXLYRLQWHUPHGLiULRHDWUDQVIHUrQFLDUHFHEHR
QRPH GH UHFROKLPHQWR 1D WUDQVIHUrQFLD SHULyGLFD HP GXDV HWDSDV  WDPEpP FRQKHFLGD SRU GXSOD
FDSDFLGDGH WUDQVIHUrQFLD P~OWLSOD RX PpWRGR GR FLFOR  RV GRFXPHQWRV VmR WUDQVIHULGRV SDUD R DUTXLYR
LQWHUPHGLiULR RQGH SHUPDQHFHP GXUDQWH GHWHUPLQDGR SHUtRGR H SRVWHULRUPHQWH VH MXOJDGRV GH YDORU VmR
UHFROKLGRVHPFDUiWHUGHILQLWLYRSDUDRDUTXLYRSHUPDQHQWH
eQRUPDOPHQWHQHVVDIDVHWUDQVIHUrQFLDTXHVHSURPRYHDGHVLQIHVWDomRHDUHVWDXUDomRGRVGRFXPHQWRV

>@ (VVD ILFKD VHUi UHWLUDGD QR yUJmR D TXH R GRFXPHQWR p GHVWLQDGR SHOR UHVSRQViYHO SHOR FRQWUROH QR kPELWR
GHVVHyUJmRHVHUiQRYDPHQWHDQH[DGDDRGRFXPHQWRTXDQGRHVWHIRUHQFDPLQKDGRDRXWURyUJmRGHYHQGRHVVD
SDVVDJHPVHUIHLWDSRULQWHUPpGLRGR6HWRUGH5HJLVWURH0RYLPHQWDomRTXHRUHGLVWULEXLUi