Você está na página 1de 62

Beckhoff TwinCAT

The Windows Control and Automation Technology

NOTA DE APLICAO 04
KS2000 Ferramenta de configurao dos mdulos
de cabeceira e terminais I/O (CX, BC, BK, IP, IL, KL)

BRESIMAR (asaTek)
e-mail j.andril@bresimar.pt
B-NA04(v1.0)
Abril/2013

Bresimar - Sociedade de Equipamentos Elctricos, Lda.


Geral (Sede)
Quinta do Simo - EN109 - Esgueira
Apartado 3080
3801-101 Aveiro
PORTUGAL
Telf . +351 234 303 320
Telm . +351 939 992 222
Fax +351 234 303 328/9
e-mail bresimar@bresimar.pt

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



QGLFH



,QWURGXomR 






,QVWDODomRGR.6




&RPRLQVWDODURGULYHGHFRPXQLFDomR86%




'ULYHQR:LQGRZV;3





'ULYHQR:LQGRZV



 &DERVGHOLJDomRDRVPyGXORVGHFDEHFHLUD




 &RQILJXUDomRGDVOLJDo}HV 






6HOHFomRGRLGLRPDGDLQWHUIDFHGHWUDEDOKR 



6HOHFomRGRWLSRGHFRPXQLFDomRYLD&20RXYLD$'6 


9LD$'6FRP3&VHPEHGGHG&;





9LD$'6FRP%.(WKHU&DW





(VWDEHOHFHUFRPXQLFDomRFRPSHULIpULFR /RJLQ/RJRXW 
 $ViUHDVIXQFLRQDLVGDLQWHUIDFHGHWUDEDOKR




=RQDGDVIXQo}HV






 3URMHFWR 3URMHFW  





2QOLQH 








2So}HV 2SWLRQV 






=RQDGDiUYRUHGRSURMHFWR 






0HQXGHFRQILJXUDo}HVGHFRQWURODGRUHV%XV&RXSOHU 


0HQXGHFRQILJXUDo}HVGHFRQWURODGRUHV)LHOGEXV%R[ 

=RQDGHHGLomRGRSURMHFWR (GLWLRQ 




0DSDGH,2VFRPRVHQGHUHoRVDEVROXWRV




/LVWDGHPDWHULDOGRVWHUPLQDLV






$UTXLYRGHGDGRVGRVUHJLVWRVGRVWHUPLQDLV




&RQILJXUDo}HVGDUHGHFDPSR )LHOGEXV 




&RQILJXUDo}HVGRPyGXORGHFDEHFHLUD &RQWUROOHU  

 &RPRXWLOL]DUVFULSWVHILFKHLURV;0/QR.6 



$UTXLYDUHPILFKHLURDVFRQILJXUDo}HV 




5HFXSHUDUGHILFKHLURDVFRQILJXUDo}HV 




&RPRJXDUGDURVUHJLVWRVGHXPWHUPLQDO




&RPRHVFUHYHUXPVFULSWQXPPyGXORGHFDEHFHLUD 


&RPRHVFUHYHUXPVFULSWQRVWHUPLQDLV,2




&RPRFRQYHUWHUILFKHLURVVFULSWGR.6







%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2










































%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



,QWURGXomR

2 VRIWZDUH .6 p XPD DSOLFDomR LQIRUPiWLFD TXH SHUPLWH SDUDPHWUL]DU
FRQILJXUDURXFRPLVVLRQDUGLYHUVRVFRQWURODGRUHV &;%&%.,/ HWHUPLQDLV ./,3 
GDPDUFD%(&.+2))

(VWH VRIWZDUH GHYHUi VHU XWLOL]DGR SRU WpFQLFRV GH PDQXWHQomR TXDOLILFDGRV SDUD
WUDEDOKDU FRP PDWHULDO %(&.+2)) &RP D VXD FRUUHFWD XWLOL]DomR FRQVHJXLPRV
PRGLILFDU RV SDUkPHWURV GH IiEULFD DWUDYpV GRV UHVSHFWLYRV UHJLVWRV GH GLYHUVRV
FRQWURODGRUHV H WHUPLQDLV $SHVDU GD H[LVWrQFLD GH RXWUDV SRVVLELOLGDGHV DWUDYpV GH
FyGLJRHPSURJUDPDGH3/&RXXWLOL]DQGRDDSOLFDomRLQIRUPiWLFD6\VWHP0DQDJHU D
XWLOL]DomRGR.6pDVROXomRPDLVUiSLGDHSUiWLFDSDUDH[HFXWDUHVVHWUDEDOKR

(VWHPDQXDOH[SOLFDGHPDQHLUDSUDWLFDDXWLOL]DomRGHVWHPHVPRVRIWZDUH


,QVWDODomRGR.6

$ IHUUDPHQWD GH FRQILJXUDomR .6 TXH SRGHUi VHU GHVFDUUHJDGD GR VtWLR
ZZZEHFNKRIIFRP QHFHVVLWDGHXP3&FRPDVVHJXLQWHVFDUDFWHUtVWLFDVWpFQLFDV
x
x
x

3&FRP6LVWHPD2SHUDWLYR:LQGRZV17 [DQGKLJKHU ;39LVWDRX


9*$ 69*$UHFRPHQGDGR 
0%OLYUHQRGLVFRGXURFRP&'520HSRUWD&20RX86%


%5(6,0$5 DVD7HN-$QGULO Y







3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


3DUD SRGHU VHU LQVWDODGD HVWD IHUUDPHQWD LQIRUPiWLFD GH FRQILJXUDomR QHFHVVLWD GH
XPD OLFHQoD 3RGHUi DGTXLULOD QR UHSUHVHQWDQWH GD %(&.+2)) HP 3RUWXJDO 
ZZZEUHVLPDUSW  $ LQVWDODomR VHJXH DV FRQILJXUDo}HV FOiVVLFDV FRPR TXDOTXHU RXWUD
DSOLFDomRLQIRUPiWLFDVREUHDPELHQWH:LQGRZV




&OLTXHGXDVYH]HVVREUHDDSOLFDomR.6B9H[HTXHGHVFDUUHJRXGD,QWHUQHW
RX&'HVLJDDVLQVWUXo}HV



%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2





%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2





'HYHUiFRORFDURQRPHGRXWLOL]DGRURGDHPSUHVDHRQGDOLFHQoD6HPHVWHQD
,QVWDODomRQmRVHUiILQDOL]DGD



%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2




'HVHJXLGDDLQVWDODomRGHYHUiLQLFLDU


8PDYH]DLQVWDODomRWHUPLQDGDGHYHPRVGHVHJXLGDUHLQLFLDUR3&
%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



&RPLQVWDODURGULYHGHFRPXQLFDomR86%

1R FDVR GH QmR SRVVXLU XPD SRUWD 56 QR 3& HP TXH YDL XWLOL]DU R .6
SRGHUi DGTXLULU XP FDER GH FRPXQLFDomR TXH SHUPLWLUi FRPXQLFDU FRP TXDOTXHU
SHULIpULFR%(&.+2))XVDQGRXPDSRUWDVHULH86%1HVWHFDVRpUHFRPHQGiYHOLQVWDODU
DYHUVmRGR.69RXVXSHULRUHRVUHVSHFWLYRVGULYHVGHFRPXQLFDomRSDUD
RV FDERV 86% $V GXDV YHUV}HV GH FDERV TXH H[LVWHP SHUPLWHP FRPXQLFDU FRP %XV
&RXSOHU %. %& H /& .6=86%  H )LHOGEXV PRGXOH .6=86% 
(VWHV FDERV VmR LVRODGRV HOHFWULFDPHQWH 3RVVXHP  /('V TXH LQGLFDP R HVWDGR GD
WUDQVIHUrQFLDGRVGDGRV




$R FRQWUiULR GD SRUWDV 56 QDV OLJDo}HV 86% QHFHVVLWDPRV  LQVWDODU R GULYH GH
FRPXQLFDomRGHVVDSRUWD

(VWHGULYHSRGHUiVHUGHVFDUUHJDGRGRVHJXLQWHFDPLQKR

KWWSZZZEHFNKRIIFRPHQJOLVKDVS"GRZQORDGNVXSGDKWP


127$HVWHFDPLQKRSRGHUiVHUPXGDGR




%5(6,0$5 DVD7HN-$QGULO Y







3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2




'ULYHQR:LQGRZV;3



,QVWDOH R FDER QXPD SRUWD 86% GLVSRQtYHO QR 3& FRP :LQGRZV ;3 H VLJD DV
LQVWUXo}HV e DSUHVHQWDGR QDV ILJXUDV VHJXLQWHV RV GLYHUVRV SDVVRV GD LQVWDODomR HP
,QJOrV 





,QGLFDTXHIRLGHWHFWDGRXPQRYRKDUGZDUHQRVHX3&

%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2





,QVWDODomRDWUDYpVGHILFKHLURDSUHVHQWDGRHPOLVWDRXQXPDORFDOL]DomR



6H R :LQ;3 HVWi FRQILJXUDGR SDUD DVVLQDODU TXH GULYHV QmR FHUWLILFDGRV HVWmR
SUHVWHVDVHUHPLQVWDODGRVGHYHUiDSDUHFHUXPDMDQHODGHDYLVRDLQGLFDUHVVDVLWXDomR
%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


&OLTXHQRFRPDQGR1H[W



$SyVR:LQGRZV;3WHUFRSLDGRHLQVWDODGRRGULYHVHUiLQIRUPDGRGHVVDILQDOL]DomR
'HVHJXLGDFOLTXHHP)LQLVK

%5(6,0$5 DVD7HN-$QGULO Y





3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


 'HVHJXLGDRVLVWHPDLUiVROLFLWDUDLQVWDODomRGRGULYHGHHPXODomRGDSRUWDGH
FRPXQLFDomR&20

%5(6,0$5 DVD7HN-$QGULO Y





3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2




6H R :LQGRZV ;3 HVWi FRQILJXUDGR SDUD DYLVDU TXDQGR QRYRV GULYHV QmR
FHUWLILFDGRV HVWmR SUHVWHV D VHUHP LQVWDODGRV GHYHUi DSDUHFHU XPD MDQHOD GH DYLVR D
LQGLFDUHVVDVLWXDomR&OLTXHQRFRPDQGR1H[W

%5(6,0$5 DVD7HN-$QGULO Y





3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2





'HVHJXLGDDEUDDWUDYpVGRERWmR6WDUWR&RQWURO3DQHO6\VWHP6HOHFFLRQHR
WDE+DUGZDUHHFOLTXHHP'HYLFH0DQDJHU


%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



'ULYHQR:LQGRZV



,QVWDOH R FDER QXPD SRUWD 86% GLVSRQtYHO QR 3& FRP :LQGRZV  H VLJD DV
LQVWUXo}HVeDSUHVHQWDGRQDEDUUDLQIHULRUDLQGLFDomRTXHRGULYHHVWiDVHULQVWDODGR
0DV GHYLGR D QmR VDEHU D VXD ORFDOL]DomR GHYHUi DSDUHFHU SRVWHULRUPHQWH XP HUUR GH
LQVWDODomR


3RU HVVH PRWLYR GHYHPRV LQVWDODU R VRIWZDUH GR GULYH PDQXDOPHQWH (P SULPHLUR
OXJDULQVWDOHR86%6HULDO&RQYHUWHU3DUDLVVRDEUDR'HYLFH0DQDJHUQR&RQWURO
3DQHO



%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2




%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


&OLTXH FRP D WHFOD GLUHLWD GR UDWR QR QRYR FRPSRQHQWH .=[86% H GH
VHJXLGDHP8SGDWH'ULYH6RIWZDUH


'HVHJXLGDVHOHFFLRQH%URZVHP\FRPSXWHUIRUGULYHVRIWZDUH


%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


eQHFHVViULRHVFROKHURFDPLQKRRQGHVHHQFRQWUDRGULYH

&RQILUPHDLQVWDODomRFOLFDQGRHP,QVWDOO


%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


$SyVDLQVWDODomREHPVXFHGLGDGRGULYH86%6HULDOFRQYHUWHUGDUHPRVLQtFLRD
LQVWDODomR GH XP VHJXQGR GULYH QHFHVViULR SDUD R IXQFLRQDPHQWR GR FDER 86% (VVH
GULYHpR86%6HULDOSRUW
3DUDGDULQLFLRDHVVDLQVWDODomRXWLOL]HRERWmR6WDUWHFOLTXHQR&RQWURO3DQHO
+DUGZDUHDQG6RXQG(VWHSURFHGLPHQWRpLGrQWLFRDRHIHFWXDGRQDLQVWDODomRGRGULYH
DQWHULRU SDJLQDH 
$SyVDDEHUWXUDGDMDQHOD'HYLFH0DQDJHUFOLTXHFRPDWHFODGLUHLWDGRUDWRHP
FLPDGRFRPSRQHQWH86%6HULDO3RUWHVHOHFFLRQH8SGDWH'LYHU6RIWZDUH





6HJXLQGRRVPHVPRVSURFHGLPHQWRVHIHFWXDGRVQDLQVWDODomRGRGULYHDQWHULRU YHU
SDJH QRILQDOILFDUiLQVWDODGRQRVHX3&RGULYH86%6HULHO3RUW


%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2




$JRUD SRGHUi YHULILFDU QD MDQHOD 'HYLFH 0DQDJHU R Q GD SRUWD &20 TXH IRL
UHVHUYDGD H[ &20  'H VHJXLGD DEUD R .6 H QR FRPDQGR 2SWLRQV
&RPPXQLFDWLRQV FKDQQHO VHOHFFLRQH D FRPXQLFDomR YLD &20 'HYHUi YHULILFDU D
SUHVHQoDGHXPDQRYD&20 H[&20 


%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



&DERVGHOLJDomRDRVPyGXORVGHFDEHFHLUD

3DUD SRGHU OLJDU D DSOLFDomR GH FRQILJXUDomR .6 DRV GLYHUVRV SHULIpULFRV GD
%(&.+2)) &;%&%.,/./,3 pQHFHVViULRXWLOL]DUFDERVGHOLJDomRHQWUHR3&
H FDGD XP GHVWHV WHUPLQDLV $ %(&.+2)) GLVSRQLELOL]D FDERV GH OLJDomR SDUD SRUWD
VHULH56H86%
8P FDER SDUD RV PyGXORV GH FDEHFHLUD ,3 PyGXORV %&%.  p IRUQHFLGR
TXDQGRVHDGTXLUHR.6 .6= &DVRQHFHVVLWHFRQILJXUDURVPRGHORV,3
,/ H ,3 VHUiQHFHVViULRDGTXLULURFDER.6=$PERV RVPRGHORVXWLOL]DPXPD
OLJDomRVHULH56 )LFKD'GHSLQRV $OHPGRVPRGHORVFRPSRUWD56KiFDERV
FRPSRUWD86%PRGHOR.6=86% %&%. H.6=86% ,/,3 



3DUDRV3&VHPEHGGHGGRWLSR&;XWLOL]DVHFDERVGHOLJDomR(WKHUQHWHXWLOL]DVVH
R SURWRFROR GH FRPXQLFDomR $06 GD %(&.+2)) HP YH] GD SRUWD GH FRPXQLFDomR
VpULH
%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



&RQILJXUDomRGDVOLJDo}HV


6HOHFomRGRLGLRPDGDLQWHUIDFHGHWUDEDOKR

,QLFLH R VRIWZDUH .6 H VHOHFFLRQH HP 2SWLRQHQ  6SUDFKH R LGLRPD
(QJOLVFK 3RU GHIHLWR DSyV D LQVWDODomR GR .6 R LGLRPD p R DOHPmR
'HXWVFK  &DVR Mi HVWHMD HP LQJOrV H SUHWHQGD PXGDU SDUD R LGLRPD DOHPmR
VHOHFFLRQH2SWLRQV/DQJXDJHHGHVHJXLGD*HUPDQ








%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



6HOHFomRGRWLSRGHFRPXQLFDomRYLD&20RXYLD$'6

'HYHPRVVHOHFFLRQDURFDQDOGHFRPXQLFDomRYLD&20TXDQGRXVDPRVRVFDERV
LQGLFDGRVQRFDStWXORHYLD$'6TXDQGRXVDPRVFDERVGHUHGH H[(WKHUQHW 
&DVR VHOHFFLRQH D OLJDomR YLD &20 WHUHPRV GH HIHFWXDU DV VHJXLQWHV
FRQILJXUDo}HV





&DVR VHMD QHFHVViULR D PRGLILFDomR GDV FDUDFWHUtVWLFDV GD SRUWD &20  EDXG
UDWHGDWDELWVSDULW\HWF pDTXLTXHSRGHPRVH[HFXWDUHVVDVQRYDVFRQILJXUDo}HV
'HSRLVGHOLJDURFDERDRPyGXORGHFDEHFHLUDWHVWHDFRPXQLFDomRHP7HVW





127$ 6H R PRGR GH FDEHFHLUD p XP %.[[[ RX %&[[[
YHULILTXHRHQGHUHoRGRVGRLVVZLWFK [H[ URWDWLYRVH[LVWHQWHV
HFRORTXHHVVHHQGHUHoRQRFDPSR0XOWLSRLQW ILJXUDDQWHULRU 
%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


&DVRKDMDXPHUURQDFRPXQLFDomRVXUJLUiXPDPHQVDJHPGRVHJXLQWHWLSR




$VFDXVDVSRGHUmRVHUGLYHUVDVHQWUHDVTXDLVGHVWDFRDVVHJXLQWHV
x 2PyGXORQmRHVWiDOLPHQWDGRHOHFWULFDPHQWH
x 1mRHVWiDXWLOL]DURFDERDGHTXDGRRXHQFRQWUDVHGDQLILFDGR
x $VFRQILJXUDo}HVGDVFRPXQLFDo}HVQmRHVWmRFRUUHFWDV
&DVRDVFRPXQLFDo}HVVHMDPHIHFWXDGDVFRUUHFWDPHQWHDSDUHFHUiXPDPHQVDJHPD
LQIRUPDUHGHVHJXLGDIDoD2.


%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


9LD$'6FRP3&V(PEHGGHG&;


&DVRVHOHFFLRQHDOLJDomRYLD$'6SDUDFRPXQLFDUPRVFRPRV3&HPEHGGHGGR
WLSR&;WHUHPRVGHHIHFWXDUDVVHJXLQWHVFRQILJXUDo}HV






'HSRLV GH VHOHFFLRQDGR R PRGR GH FRPXQLFDomR XWLOL]DQGR R SURWRFROR GH
FRPXQLFDomR $'6 H R SURWRFROR GH WUDQVSRUWH 7&3,3 FDER (WKHUQHW  GHYHPRV
VHOHFFLRQDURSHULIpULFRFRPTXHSUHWHQGHPRVFRPXQLFDU2EULJDWRULDPHQWHWHUiGHHVWDU
UHJLVWDGRQRURXWHU$06GR7ZLQ&$7RSHULIpULFR&;DXWLOL]DU
3RGHUi UHJLVWDU RX FRQILUPDU HVVH UHJLVWR UHFRUUHQGR D MDQHOD GDV 3URSHUWLHV
&OLTXH QR LFRQ GR VRIWZDUH 7ZLQ&$7  LFRQ FRORFDGR QD EDUUD GH FRPDQGRV LQIHULRU
H[LVWHQWHQRVHX3& HSRVWHULRUPHQWHQRWDEGR$065RXWHUGDIXQomR3URSHUWLHV


%5(6,0$5 DVD7HN-$QGULO Y







3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


6HOHFFLRQHR&; H[GDILJXUD&;BFRPHQGHUHoR$'6 



&DVR R SHULIpULFR QmR HVWHMD UHJLVWDGR QR $06 URXWHU SRGHPRV VHOHFFLRQDOR
PDQXDOPHQWHLQWURGX]LQGRRVVHJXLQWHVGDGRV

%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


1DPH    D RSomR 8VHU 'HILQHG  $PV6HUYHU1HW,G   R HQGHUHoR GR
SURWRFROR$06$GV3RUW  RQGDSRUWDGHFRPXQLFDomRGR&;


'HVHJXLGDWHVWHDFRPXQLFDomRSUHVVLRQDQGRQRERWmR7HVW  

(VWHVGDGRVSRGHUmRVHUFRSLDGRVGR6\VWHP0DQDJHUHPPRGR&RQILJ0RGH
DSyVDFRPXQLFDomRFRPR&; H[  3RUW  $PV6HUYHU1HW,G 



%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



&DVRKDMDXPHUURQDFRPXQLFDomRVXUJLUiXPDPHQVDJHPGRVHJXLQWHWLSR


$VFDXVDVSRGHUmRVHUGLYHUVDVHQWUHDVTXDLVGHVWDFRDVVHJXLQWHV
x 2PyGXORQmRHVWiDOLPHQWDGRHOHFWULFDPHQWH
x 1mRHVWiDXWLOL]DURFDERHWKHUQHWDGHTXDGR
x 2HQGHUHoR$PV6HUYHU1HW,GQmRpRFRUUHFWRRXVHOHFFLRQRX
RXWURSHULIpULFR
6H D FRPXQLFDomR VH HIHFWXDU FRUUHFWDPHQWH HQWUH R .6 H R &; VXUJLUi D
PHQVDJHPVHJXLQWH



'HVHJXLGDFOLTXHQDWHFOD2.  SDUDILFDUUHJLVWDGRQR.6DFRPXQLFDomR
SUHWHQGLGD
1DVXESDVWD$065287(5SRGHUiYLVXDOL]DUWRGRVRVFRQWURODGRUHVUHJLVWDGRVQR
7ZLQ&$70$6URXWHU2.6SHUPLWHRUHJLVWRPDQXDOGHQRYRVFRQWURODGRUHV
%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


9LD$'6FRP%.(WKHU&$7
([LVWHP PyGXORV GH FDEHFHLUD SDUD UHGHV GH FDPSR (WKHU&$7 GD VHULH %. TXH
WDPEpPSHUPLWHPDFRPXQLFDomRYLD$'6XWLOL]DQGRXPFDER(WKHUQHW(VVHVPyGXORV
VmR R %. %. H %. 2 DFHVVR YLD $'6 DWUDYpV GR .6 Vy p
VXSRUWDGR D SDUWLU GDV VHJXLQWHV YHUV}HV GH ILUPZDUH  %. ! ): %. !
):H%. !):


3DUDXWLOL]DUPRVDOLJDomRYLD$'6GHYHUiVHOHFFLRQDURVFRPDQGRVLQGLFDGRVQD
ILJXUDVHJXLQWH




'HSRLV GH VHOHFFLRQDGR R PRGR GH FRPXQLFDomR XWLOL]DQGR R SURWRFROR GH
FRPXQLFDomR $'6 H R SURWRFROR GH WUDQVSRUWH 7&3,3 FDER (WKHUQHW  GHYHPRV
VHOHFFLRQDURSHULIpULFRFRPTXHSUHWHQGHPRVFRPXQLFDU
&RPRQmRVDEHPRVRHQGHUHoR$06GHYHPRVVHOHFFLRQDURVVHJXLQWHV SDUkPHWURV
UHFRUUHQGRDR7ZLQ&$76\VWHP0DQDJHU

1DPH    D RSomR 8VHU 'HILQHG  $PV6HUYHU1HW,G   R HQGHUHoR GR
SURWRFROR$06$GV3RUW  RQGDSRUWDLJXDOD


%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



&OLTXHQRLFRQTXHUHSUHVHQWDR%.HQDSDVWD(WKHU&$7VHOHFFLRQHRFRPDQGR
$GYDQFHG6HWWLQJV



1DYHJDQGR QD DUYRUH GD MDQHOD DSUHVHQWDGD VHOHFFLRQH D VXESDVWD $R( $'6
RYHU(WKHU&$7 GDSDVWD0DLOER[HFRORTXHYLVWRVQDVSURSULHGDGHV*HQHUDWH1HW,G
H,QLWLDOL]H1HW,G)DoD2.













'H VHJXLGD FOLTXH QD SDVWD 0DLO%R[ H UHWLUH D LQIRUPDomR GR HQGHUHoR $'6 QD
MDQHOD $'6 ,QIR  TXH SHUWHQFH DR HTXLSDPHQWR (WKHU&$7 %. %. RX
%. 
%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2




1R.6SUHHQFKDRFDPSR$PV6HUYHU1HW,G  FRPRHQGHUHoRGRSURWRFROR
$'6DQWHULRUPHQWHOLGR

'H VHJXLGD WHVWH DV FRPXQLFDo}HV FOLFDQGR QR FRPDQGR 7HVW 6H R WHVWH GDV
FRPXQLFDo}HVIRLHIHFWXDGRFRPVXFHVVRSRGHUiGHVHJXLGDFOLFDUQRFRPDQGR2.

%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



(VWDEHOHFHUFRPXQLFDomRFRPSHULIpULFR /RJLQ/RJRXW 

'HSRLV GDV FRQILJXUDo}HV HIHFWXDGDV HVWDPRV SURQWRV SDUD HVWDEHOHFHU DV
FRPXQLFDo}HVFRPRVSHULIpULFRVGD%(&.+2))3DUDLVVRQHFHVVLWDPRVGRV FDERV GH
FRPXQLFDomR SRU 56 86% RX (WKHUQHW  OLJDGRV HQWUH R 3& H FDGD XP GRV
SHULIpULFRV'HVHJXLGDSUHVVLRQHQRPHQXGHFRPDQGRVHP2QOLQH/RJLQ


3RGHUiWDPEpPXVDURVLFRQVGDEDUUDGHIHUUDPHQWDVH[LVWHQWHQDSDUWH
VXSHULRUGRVRIWZDUH.6
,FRQVGDEDUUDGHIHUUDPHQWDV

,FRQGH/RJLQ



'HSRLVGHHVWDEHOHFLGDDFRPXQLFDomRHQWUHR.6HRSHULIpULFRVXUJLUiQD
SDUWHGLUHLWDXPDIRWRJUDILDGDFRQILJXUDomRGRKDUGZDUHH[LVWHQWHQRFDPSR


%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


1HVWHFDVRGDILJXUDDQWHULRUHVWDPRVOLJDGRVDXP%XV7HUPLQDO%&


/LJDomRDXPDILHOGEXVER[

3DUD HIHFWXDUPRV R GHVOLJDU D FRPXQLFDomR SRGHPRV VHOHFFLRQDU R LFRQ GH
ORJRXWGDEDUUDGHIHUUDPHQWDVRXQRPHQXRFRPDQGR/RJRXW

,FRQGH/RJRXW


0HQXGHFRPDQGRV


%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



$ViUHDVIXQFLRQDLVGDLQWHUIDFHGHWUDEDOKR

3RGHPRVGLYLGLUDLQWHUIDFHGHWUDEDOKRQDVVHJXLQWHViUHDVIXQFLRQDLV

)XQo}HVSHUPLWHDH[HFXomRGHFRPDQGRDWUDYpVGRVPHQXVHLFRQV
$UYRUHGHFRQILJXUDomRSHUPLWHVHOHFFLRQDUHYLVXDOL]DURVSDUkPHWURVGH
FRQILJXUDomRGHFDGDXPGRVFRPSRQHQWHVGHKDUGZDUHXWLOL]DGRV
(GLomR3HUPLWHPRQLWRUL]DUHFRPDQGDUDWUDYpVGDLQWHUIDFHJUiILFDHGLWDGD
FDGDXPGRVWHUPLQDLVH[LVWHQWHVQDFRQILJXUDomR
,QIRUPDo}HVPHQVDJHQVGHHUURHGHHVWDGRJHUDGDVSrOR.6

&DVRSUHWHQGDPRVSRGHPRVDOWHUDUHVWDYLVWDUHFRUUHQGRDRVVHJXLQWHVLFRQVGDEDUUD
VXSHULRURXDRPHQXGHFRPDQGRV


%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



=RQDGDVIXQo}HV




3URMHFWR 3URMHFW 

1HVWHPHQXSRGHPRV)HFKDU6DLUGDDSOLFDomRLQIRUPiWLFD
.6DWUDYpVGRFRPDQGR([LW


2QOLQH



1RPHQX2QOLQHWHPRVGLYHUVRVFRPDQGRVHPTXHVHGHVWDFDPRVVHJXLQWHV


 /RJLQ  /RJRXW SHUPLWH OLJDUPRQRV RX GHVOLJDUPRQRV DRV HTXLSDPHQWRV
%(&.+2)) %&V&;VHWF 
 6FULSW LQLW TXH VH HQFRQWUD GHQWUR GRV FRPDQGRV 7HUPLQDO H &RXSOHU
SHUPLWHWUDQVIHULUXPDFRQILJXUDomRMiDUTXLYDGD
)LUPZDUH/RDGH)LUPZDUH8SGDWHHVWH~OWLPRHQFRQWUDVHGHQWURGRFRPDQGR
&RXSOHUSHUPLWHDFWXDOL]DURILUPZDUHGRHTXLSDPHQWR
&RQYHUVLRQRIVFULSWILOHVLQ;0/SHUPLWHFRQYHUWHUILFKHLURVGDYHUVmRGR
.6SDUDDYHUVmRDFWXDOY
 'HQWUR GR FRPDQGR &RXSOHU   6HUYLFH WHPRV DFHVVR DRV VHJXLQWHV FRPDQGRV
HVSHFtILFRVGRFRXSOHU %&%/,/,3 


%5(6,0$5 DVD7HN-$QGULO Y





3DJGH



1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2




:ULWHSURWHFWLRQVHW
:ULWHSURWHFWLRQDEROLVKHG
5HERRW
)DFWRU\VHWWLQJV
5HVHW.%XV
*HW&KHNVXP

3HUPLWHDFWLYDUDSURWHFomRGHHVFULWD
3HUPLWHGHVDFWLYDUDSURWHFomRGHHVFULWD
2UGHPGHUHLQLFLDURFRQWURODGRU
&RORFDomRGRVYDORUHVGHIiEULFDQRVUHJLVWRV
/LPSDUHUURVQR.%XV H[,2HUURU 
7HVWHGR.%XVYHULILFDQGRDH[LVWrQFLDGHHUURV


$FWXDOL]DomRGHILUPZDUHGHFRQWURODGRUHV%&%.,/,3

(P DOJXPDV VLWXDo}HV QHFHVVLWDPRV GH DFWXDOL]DU R ILUPZDUH H[LVWHQWH QR PyGXOR
FRXSOHU %&%.,/,3  2 .6 p D IHUUDPHQWD PDLV DGHTXDGD SDUD H[HFXWDU HVWD
WDUHID



(VFROKD R ILFKHLUR H[ %&%KH[  TXH FRUUHVSRQGH DR ILUPZDUH H FOLTXH QR
FRPDQGR2SHQ
%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2




'H VHJXLGD GHYHUmR DSDUHFHU DV VHJXLQWHV MDQHODV TXH SHUPLWLUmR FRQWURODU R
GHVHQURODUGDRSHUDomRGHGRZQORDGGRILUPZDUHSDUDRFRQWURODGRUSHULIpULFR


%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


$SyV D ILQDOL]DomR GR GRZQORDG GR ILUPZDUH FRP VXFHVVR VXUJLUi XPD MDQHOD D
DYLVDUGDQHFHVVLGDGHGHID]HU5HERRWDRVLVWHPD6yDSyVHVVHUHLQLFLDUGRVLVWHPDpTXH
RQRYRILUPZDUHpDVVXPLGR




2SRUTXHGDH[LVWrQFLDGHILFKHLURVVFULSWVQR.6

6H XWLOL]DPRV FRQILJXUDo}HV VWDQGDUG SDUD GLYHUVRV WHUPLQDLV 7HUPLQDO  RX
FRQWURODGRUHV &RXSOHU LGrQWLFRVSRGHPRVDXWRPDWL]DUDVVXDVFRQILJXUDo}HVXVDQGR
DSRWHQFLDOLGDGHGRVILFKHLURVVFULSWV$RH[HFXWDUPRVXPVFULSWSRXSDPRVWHPSRHHUURV
QDVFRQILJXUDo}HV1HVWDQRWDGHDSOLFDomR &DS LUiHQFRQWUDUGLYHUVRVSURFHGLPHQWRV
GHJUDYDomRGHFRQILJXUDo}HVHPILFKHLURVVFULSW;0/


2So}HV2SWLRQ



1RPHQX2SWLRQVWHPRVGLYHUVRVFRPDQGRVGHDFWLYDomRHPTXHVHGHVWDFDP
RVVHJXLQWHV

/DQJXDJHSHUPLWHVHOHFFLRQDURLGLRPDDXVDUQRLQWHUIDFHGRVRIWZDUH

&RPPXQLFDWLRQFKDQQHOSHUPLWHVHOHFFLRQDURWLSRGHFRPXQLFDomR YLD
SRUWD&20RXSRU$'6 

(QDEOHJUDSKLFGLVSOD\SHUPLWHDUHSUHVHQWDomRJUiILFDGRVFRPSRQHQWHV
H[LVWHQWHVQRWHUUHQR-DQHODGRODGRGLUHLWR FDPSRGD(GLomR 

%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


(QDEOHVHWXSPRGHSHUPLWHYLVXDOL]DUHPRQOLQHRHVWDGRGDVHQWUDGDVH
VDtGDVGLJLWDLVHDQDOyJLFDV-DQHODGRODGRGLUHLWR FDPSRGH(GLomR 

9LHZSHUPLWHDOWHUDUDYLVWDGDDSUHVHQWDomRGRVRIWZDUH.6
 5HSRUWER[MDQHODKRUL]RQWDOHPEDL[R FDPSRGDV,QIRUPDo}HV 

7UHHYLHZMDQHODYHUWLFDOODGRHVTXHUGD iUYRUHGR+DUGZDUH 

&UHDWHQHZ;0/GHYLFHILOHVSHUPLWHJXDUGDUWRGDVDVFRQILJXUDo}HVHP
ILFKHLURV;0/GHFDGDHTXLSDPHQWR

&DVRRRSomR&UHDWHQHZ;0/GHYLFHILOHVHVWHMDDFWLYDQRDUUDQTXHGR.6
DSDUHFHUiXPDMDQHODSRSXSDVROLFLWDUDXWRUL]DomRSDUDJUDYDomRGHVVHVILFKHLURV&DVR
FRQILUPHFRP2.RVILFKHLURVDQWHULRUPHQWHJUDYDGRVVHUmRDSDJDGRVHFULDGRVQRYRV


1D ILJXUD VHJXLQWH SRGHPRV YHU RV ILFKHLURV FULDGRV GH XPD Vy YH] TXDQGR VH
HIHFWXRXDFRPXQLFDomRHQWUHR.6HXPHTXLSDPHQWR%(&.+2)) FRQVWLWXtGRSRU
[ %& [ ./ [ .O [ ./ [ ./

(VWHVILFKHLURVVHUmRJXDUGDGRVQDSDVWD.6B9?5HVRXUFH?'HYLFHV



%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



=RQDGDiUYRUHGRSURMHFWR

'HSRLVGHH[HFXWDUPRVDOLJDomRRQOLQHFRPRHTXLSDPHQWRGHFDPSR%(&.+2))
pQRVDSUHVHQWDGRQDFROXQDGRODGRHVTXHUGRXPDiUYRUHFRPPHQXVGHFRQWURORH
FRQILJXUDomR1HVWHVPHQXVSRGHPRVH[HFXWDUGLIHUHQWHVFRQILJXUDo}HVSDUDPHWUL]Do}HV
HYLVXDOL]Do}HVGHGLYHUVRVSDUkPHWURVHUHJLVWRVGHIXQFLRQDPHQWR

'H VHJXLGD DSUHVHQWDGDV GXDV iUYRUHV FRUUHVSRQGHQWHV D FRQWURODGRUHV %XV
7HUPLQDO %&RX%. H)LHOGEX[%R[ ,/H,3 


0HQXGHFRQILJXUDo}HVGHFRQWURODGRUHV%XV7HUPLQDO

  3HUPLWH VDOYDU WRGDV DV FRQILJXUDo}HV IHLWDV
6DYH VWDWLRQVHWWLQJV LQ ILOH  H UHVWDXUDU
5HVWRUH VWDWLRQVHWWLQJV IURP ILOH  HVVDV
FRQILJXUDo}HVGHILFKHLUR
 ,QIRUPDo}HVGR%XV7HUPLQDO
0DSSLQJHQGHUHoRVDEVROXWRVGHWRGRV,2
 HQWUDGDV, VDtGDV4  
3DUWOLVWOLVWDGHPDWHULDOHDVXDSRVLomR
7HUPLQDOSHUPLWHVDOYDUGDGRVGRVUHJLVWRV
GRVWHUPLQDLVFRPSOH[RV H[./ HP
ILFKHLURVFULSW
 &RQILJXUDo}HVGR%XV7HUPLQDO
&RPPRPSDUkPHWURVGR3/&.%XV
GDGRVGRSURFHVVRHPDSHDPHQWRORFDO
)LHOGEXVSDUkPHWURVGDUHGHGHFDPSR
 H[(QGHUHoR$06(QGHUHoR,3HWF HVHX
SURWRFROR$'6 URWHDPHQWRVHJXUDQoD 
&RQWUROOHUFRQILJXUDomRGRV,2HRXWURV
SDUkPHWURVGRFRQWURODGRU PDSHDPHQWRGRV
,2GREXIIHUGHPHPRULDGDLQWHUIDFHGD
ILHOGEXVGDVPHPRULDVUHWHQWLYDVHWF 
6ypSRVVtYHODVXDFRQILJXUDomRHPRQOLQH
3URFHVV'DWDFRQILJXUDomRHYLVXDOL]DomR
GRVGDGRVGHHQWUDGDVDtGDGDWDEHODEXIIHU
GDILHOGEXV H[%&,%H4E 
 7DEHODVGR%XV7HUPLQDO
6HSUHWHQGHUFRQILJXUDUWRGRRFRQWURODGRUVHP
XWLOL]DUDLQWHUIDFHJUiILFDGR.6SRGHUi
ID]HUXVDQGRHVWDWDEHODGHUHJLVWRVFRPWRGDV
DVFRQILJXUDo}HV$DOWHUDomRGHVWDWDEHODVy
GHYHUiVHUIHLWDSRUWpFQLFRVTXDOLILFDGRV
   &RQILJXUDomRGRV,27HUPLQDO
6HSUHWHQGHUFRQILJXUDUHYLVXDOL]DUWRGRVRV
WHUPLQDLV GLJLWDLVDQDOyJLFRV GDUHGH.EXV
SRGHUiYLVXDOL]DUDTXLFDGDXPGHOHVFRPRV
UHVSHFWLYRVUHJLVWRVGDVFRQILJXUDo}HVHGDGRV
GHSURFHVVRHPRQOLQH



%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2





0HQXGHFRQILJXUDo}HVGHFRQWURODGRUHV)LHOGEXV%R[


  3HUPLWH VDOYDU WRGDV DV FRQILJXUDo}HV IHLWDV
6DYH VWDWLRQVHWWLQJV LQ ILOH  H UHVWDXUDU
5HVWRUH VWDWLRQVHWWLQJV IURP ILOH  HVVDV
FRQILJXUDo}HVGHILFKHLUR


 ,QIRUPDo}HVGR)LHOGEXV%R[O

0DSSLQJHQGHUHoRVDEVROXWRVGHWRGRV,2
 HQWUDGDV, VDtGDV4  
3DUWOLVWOLVWDGHPDWHULDOHDVXDSRVLomR
7HUPLQDOSHUPLWHVDOYDUGDGRVGRVUHJLVWRV
GRVWHUPLQDLVFRPSOH[RV H[,/ HP
ILFKHLURVFULSW

 &RQILJXUDo}HVGR)LHOGEXV%R[O

&RPPRPSDUkPHWURVGR3/&.%XV
GDGRVGRSURFHVVRHPDSHDPHQWRORFDO
)LHOGEXVSDUkPHWURVGDUHGHGHFDPSR
 H[(QGHUHoR$06(QGHUHoR,3HWF HVHX
SURWRFROR$'6 URWHDPHQWRVHJXUDQoD 
3URFHVV'DWDFRQILJXUDomRHYLVXDOL]DomR
GRVGDGRVGHHQWUDGDVDtGDGDWDEHODEXIIHU
GDILHOGEXV

 7DEHODVGR)LHOGEXV%R[

6HSUHWHQGHUFRQILJXUDUWRGRRFRQWURODGRUVHP
XWLOL]DUDLQWHUIDFHJUiILFDGR.6SRGHUi
ID]HUXVDQGRHVWDWDEHODGHUHJLVWRVFRPWRGDV
DVFRQILJXUDo}HV

   &RQILJXUDomRGRV,27HUPLQDO

6HSUHWHQGHUFRQILJXUDUHYLVXDOL]DUWRGRVRV
WHUPLQDLV GLJLWDLVDQDOyJLFRV GDUHGH.EXV
SRGHUiYLVXDOL]DUDTXLFDGDXPGHOHVFRPRV
UHVSHFWLYRVUHJLVWRVGDVFRQILJXUDo}HVHGDGRV
GHSURFHVVRHPRQOLQH








%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2




=RQDGDHGLomRGRSURMHFWR


'HSRLVGHH[HFXWDUPRVDOLJDomRRQOLQHFRPRHTXLSDPHQWRGHFDPSR%(&.+2))
pQRVDSUHVHQWDGRQDSDUWHFHQWUDOXPDIRWRJUDILDJUiILFDGRHTXLSDPHQWRH[LVWHQWHQR
FDPSR1HVWD]RQDVHR.6HVWLYHU FRQILJXUDGRSRGHUiYLVXDOL]DUHPRQOLQHRV
HVWDGRVGHWRGRVRVWHUPLQDLV,2HIRUoDUDFWLYDUDFRQILJXUDo}HVHHVWDGRV

'H VHJXLGD DSUHVHQWDPRV XP H[HPSOR HP TXH p PRVWUDGR HP RQOLQH XP
FRQWURODGRU%&FRPR,3FRPILUPZDUH9%


1D SDUWH LQIHULRU GD UHSUHVHQWDomR JUiILFD GH FDGD FRPSRQHQWH YHULILFDPRV TXH
H[LVWHPGDGRVTXHUHSUHVHQWDPDVYDULiYHLVGHSURFHVVRHPRQOLQH

7DPEpP pSRVVtYHOFOLFDQGRHPFLPDGHFDGD /('QDVFDUWDVGHVDtGDVGLJLWDLV
IRUoDUDFWLYDURUHVSHFWLYRHVWDGR




%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



0DSDGH,2VFRPRVHQGHUHoRVDEVROXWRV

1DSDVWD5HSRUW3DUW/LVW  GRH[SORUDGRU FROXQDHVTXHUGD pSRVVtYHOJHUDU


GXDVWDEHODVFRPXPDOLVWDGHPDWHULDOH[LVWHQWHQRHTXLSDPHQWR


&DVRRSUHWHQGDPRVpSRVVtYHODLPSUHVVmRHRXDH[SRUWDomRFRPWRGRVHVWHVGDGRV
GRUHODWyULRDSUHVHQWDGR
%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



/LVWDGHPDWHULDOGRVWHUPLQDLV
1DSDVWD5HSRUW0DSSLQJ  GRH[SORUDGRU
FROXQD HVTXHUGD  p SRVVtYHO JHUDU XP UHODWyULR
FRPWRGRVWHUPLQDLVH[LVWHQWHVQRFRQWURODGRU
6mR DSUHVHQWDGDV  WDEHODV XPD FRP D RUGHP
VHTXHQFLDOGRVWHUPLQDLV HVTXHUGD  HRXWUD FRP
DTXDQWLGDGHGHFDGDPRGHOR GLUHLWD 


$UTXLYRGHGDGRVGRVUHJLVWRVGRVWHUPLQDLV
1D SDVWD 5HSRUW7HUPLQDO 5HJLVWHU 'RF
GRH[SORUDGRU FROXQDHVTXHUGD pSRVVtYHOJHUDU
XPUHODWyULRHJXDUGDORQXPILFKHLUR;0/  
RX HPDLO FRP WRGRV RV SDUkPHWURV GDGRV 
JXDUGDGRV QRV UHJLVWRV   GH FDGD WHUPLQDO
FRPSOH[RVHOHFFLRQDGR  



%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



&RQILJXUDo}HVGDUHGHGHFDPSR )LHOGEXV 

1DSDVWD6HWWLQJV)LHOGEXVGRH[SORUDGRU
FROXQD HVTXHUGD  p SRVVtYHO FRQILJXUDU GLYHUVRV
SDUkPHWURV GD UHGH GH FDPSR TXH XWLOL]DPRV 
1R FDVR GH WHUPRV XP PRGR GH FDEHFHLUD %&
RX%.[[[WHPRVXPDUHGHGHFDPSR(WKHUQHW



1HVWH FDVR SRGHPRV FRQILJXUDU H YLVXDOL]DU RV VHJXLQWHV SDUkPHWURV GD UHGH GH
FDPSR(WKHUQHW$06
 (QGHUHoRVGDSRUWD(WKHUQHW5- 6SHFLILF,3DGGUHVV 
 (QGHUHoR0$& 0$&,' 
 (QGHUHoRGRSURWRFRORGHFRPXQLFDomR$'6 $061HW,' 
 (VWDGRGRVGLSVZLWFKHGR~OWLPRJUXSRGRHQGHUHoR,3 GLSVZLWFK 
 'DGRVGRHQGHUHoRREWLGRSrORVHUYLoR'+&3
 6HOHFomRGDYHORFLGDGHGDVFRPXQLFDo}HVGDUHGH 0ESVRX0ESV 
 6HOHFomRGDGLUHFFLRQDOLGDGHGDVFRPXQLFDo}HV )XOOGXSOH[RX+DOIGXSOH[ 

(VWHV SDUkPHWURV VHUmR GLIHUHQWHV FRQIRUPH FDGD WLSR GH FRQWURODGRU %& %. ,/
HWF HFRQIRUPHRWLSRGHUHGHGHFDPSR (WKHUQHW3URILEXV'HYLFHQHWHWF XVDGD

1DVUHGHVGHFDPSRSRU(WKHUQHWVHTXLVHUPRVFRQWURODUHYLVXDOL]DURURWHDPHQWR
GH GLYHUVRV HTXLSDPHQWRV 3&V +0,V H RXWURV 3/&V  TXH XWLOL]DP R SURWRFROR $'6 H
UHVWULQJLURVHXDFHVVRpSRVVtYHOXVDQGRRVRIWZDUH.6
%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



1DVXESDVWD)LHOGEXV5RXWLQJWDEOH $'6 GDSDVWD6HWWLQJVHQFRQWUDPRVXPD
WDEHODSDUDRPi[LPRGHPDTXLQDVHPTXHSRGHPRVYLVXDOL]DURVHTXLSDPHQWRVTXH
VHHQFRQWUDPFRQILJXUDGRV

1D VXESDVWD )LHOGEXV 6HFXULW\ VHWWLQJV ,38'3    GD SDVWD 6HWWLQJV


HQFRQWUDPRV XPD WDEHOD   RQGH SRGHPRV UHJLVWDU RV HTXLSDPHQWRV 3&V  TXH VH
HQFRQWUDP DXWRUL]DGRV D WHU DFHVVR DR FRQWURODGRU &RP HVWH UHJLVWR UHVWULQJLQGR R
DFHVVRDRFRQWURODGRUVy3&V PD[ UHJLVWDGRVWHUmRSHUPLVVmR(VWDFRQILJXUDomRVy
pSRVVtYHOSRUOLJDomRVHULH 56RX86% 3DUDDVFRQILJXUDo}HVVHUHPDVVXPLGDVp
QHFHVViULRRUHLQLFLDUGRFRQWURODGRU

%5(6,0$5 DVD7HN-$QGULO Y





3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



&RQILJXUDo}HVGRPyGXORFDEHFHLUD &RQWUROOHU 

1D SDVWD 6HWWLQJV&RQWUROOHU 6HWWLQJV  GR
H[SORUDGRU FROXQDHVTXHUGD pSRVVtYHOFRQILJXUDU
GLYHUVRV SDUkPHWURV GR FRQWURODGRU PRGXOR GH
FDEHFHLUD  6mR DSUHVHQWDGDV  VXESDVWDV
&RPPRP0DSSLQJ,QIR3/&F\FOHWLPH 
TXHSHUPLWHPFRQILJXUDUGLYHUVRVSDUkPHWURV


3DUkPHWURVGHFRQILJXUDomRQDVXESDVWD&RPPRP



1RY5$0DFWLYH6HHVWHFDPSRHVWLYHUVHOHFFLRQDGRSHUPLWHTXHDVYDULiYHLVUHWHQWLYDVGHFODUDGDV
FRPRWDO 9$5B*/2%$/5(7$,1 VHUmRJXDUGDGRVQD1295$0GRFRQWURODGRU
6WRUH%&&RQWUROOHU6WDWHLQ0HPRU\6HHVWHFDPSRHVWLYHUVHOHFFLRQDGRDVLQIRUPDo}HVGHVWDWH
GD UHGH GH FDPSR ILHOGEXV  H GR .EXV VHUmR FRSLDGRV SDUD D iUHD GH PHPyULD 0%  GR
FRQWURODGRU%&%;9HUQDGRFXPHQWDomRWpFQLFDDVYDULiYHLV*HW%XV6WDWXVH*HW7%XV6WDWXV
&RPSDUH WHUPLQDO FRQILJXUDWLRQ  'XUDQWH D H[HFXomR GR %RRW SURMHFW D DUTXLWHFWXUD H
FRQILJXUDo}HVGRVLVWHPDFRPSOHWR FRQWURODGRUH,2V VmRFULDGDVHJXDUGDGDV&DVRHVWDFRQILJXUDomR
VHMDPXGDGDDSyVDFULDomRGDFRQILJXUDomRDQWHULRURVLVWHPDQmRLQLFLDUi6HHVWHFDPSRQmRHVWLYHU
DFWLYRRFRQWURODGRULQLFLDUiPHVPRTXHKDMDPRGLILFDo}HVQRKDUGZDUH
$06EORFNFRQILUPDWLRQ6HDYHUVmRGR7ZLQ&$7IRUVXSHULRUD9HVWHFDPSRSRGHUiHVWDU
DFWLYRSRUiYHULILFDomRGHFRPSDWLELOLGDGH
5HDGV\VWHPFORFN2YDORU GR FRQWDGRUGHFLFORVGHSURJUDPD &\FOHWLFN VHUi FRSLDGDSDUDD
iUHD GH PHPyULD 0%  GR FRQWURODGRU %&%; 9HU QD GRFXPHQWDomR WpFQLFD D YDULiYHO
*HW6\V7LFN
&OHDU RXWSXWV RQ EUHDNSRLQW  4XDQGR XVDPRV EUHDNSRLQW QD GHSXUDomR GR SURJUDPD GR 3/& DV
VDtGDVVHUmRGHVOLJDGDV ILFDPFRPQtYHOORJLFR TXDQGRHQFRQWUDRFRPDQGRGHEUHDNSRLQW
3/&WHUPLQDOEXVXSGDWH6HTXHQFLDGDVWDUHIDVGRFLFORGHSURJUDPD
,&22HVWDGRGDVHQWUDGDV LQSXWV VHUmROLGDVDQWHVGHFRUUHURSURJUDPDHDHVFULWDGDV
VDtGDV RXWSXW GHSRLVGHFRUUHURSURJUDPD
,2&  2 HVWDGR GDV HQWUDGDV LQSXWV  H DV VDtGDV RXWSXWV  VHUmR OLGDV H HVFULWDV DQWHV GH
FRUUHURSURJUDPD
&,22HVWDGR GDVHQWUDGDV LQSXWV HDV VDtGDV RXWSXWV  VHUmROLGDVHHVFULWDVGHSRLVGH
FRUUHURSURJUDPD

%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2




3DUkPHWURVGHFRQILJXUDomRQDVXESDVWD0DSSLQJ



2IIVHW 3/&,QSXW LQ ILHOGEXV LQWHUIDFH  0DSHDPHQWR GR EXIIHU GH HQWUDGDV GH GDGRV GD UHGH GH
FDPSR H[%&%&,; 
/HQJWK3/&,QSXWLPDJHLQILHOGEXVLQWHUIDFH7DPDQKRGREXIIHUGDVHQWUDGDVGHGDGRVHPE\WH
H[E\WH 
2IIVHW 3/&2XWSXW LQ ILHOGEXV LQWHUIDFH 0DSHDPHQWR GR EXIIHU GDV VDtGDV GHGDGRV GD UHGH GH
FDPSR H[%&%&4; 
/HQJWK3/&2XWSXWLQILHOGEXVLQWHUIDFH7DPDQKRGREXIIHUGDVVDtGDVGHGDGRVHPE\WH H[
E\WH 
1XPEHURIUHPDQHQWE\WHV1Pi[LPRGHE\WHVUHWHQWLYRVQmRYROiWHLV %&%&E\WH
0%D0% 
3/&F\FOHWLPH>PV@7HPSRGHFLFORGHSURJUDPDIL[R H[%&[[PV%&PV 
3/&EDFNJURXQG>PV@7HPSRGHFLFORGHEDFNJURXQGIL[R H[%&[[PV%&PV 

&RQILJXUDomRGRV,2VeSRVVtYHOQRVFRQWURODGRUHVPDLVDQWLJRV H[%&%& GHILQLUVH
RV WHUPLQDLV SHUWHQFHP DR 3/& ORFDO %&  RX VH HVWmR GHSHQGHQWHV GH XP 3/& UHPRWR DWUDYpV GD
ILHOGEXV 3RGHPRV WDPEpP VHOHFFLRQDU D HVWUXWXUD GH GDGRV FRPSDFW RX FRPSOH[ GDV FDUWDV
FRPSOH[DV H[./[[[./[[[./[[[HWF 







%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2




3DUkPHWURVGHFRQILJXUDomRQDVXESDVWD,QIR3OFF\FOHWLPH



(QDEOH F\FOHWLPH PHDVXUHPHQW $NWLYLHUXQJ 636 =\NOXV]HLW 0HVVXQJ   $FWLYDQGR HVWH
SDUkPHWURDPHGLomRGRWHPSORGHFLFORQR%&%;pHIHFWXDGDHPRVWUDGD YHURVFDPSRVVHJXLQWHV 

0LQLPDO3/&&\FOHWLPH>PV@9DORUPtQLPR HPPV GRWHPSRGHFLFORGR3/&
0D[LPXP3/&&\FOHWLPH>PV@9DORUPi[LPR HPPV GRWHPSORGHFLFORGR3/&
&XUUHQW3/&&\FOHWLPH>PV@9DORULQVWDQWkQHRGRWHPSRGHFLFORGR3/&
$YHUDJH3/&&\FOHWLPH>PV@9DORUPpGLRGRWHPSORGHFLFORGR3/& PHGLDGHDPRVWUDV 

$OJXQV GHVWHV GDGRV WDPEpP SRGHUmR VHU YLVXDOL]DGRV FRP D DSOLFDomR LQIRUPiWLFD SHUWHQFHQWH DR
7ZLQ&$76\VWHP0DQDJHU




%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



&RPRXVDUVFULSWVHILFKHLURV;0/QR.6


$UTXLYDUHPILFKHLURDVFRQILJXUDo}HV

&DVR SUHWHQGDPRV DUTXLYDU HP
ILFKHLUR ;0/ DV FRQILJXUDo}HV OLGDV
RXDOWHUDGDVQRVRIWZDUH.6LVVR
pSRVVtYHO
3DUDVDOYDUWRGDDFRQILJXUDomR
GHYHUi YHULILFDU D H[LVWrQFLD GR
FRPDQGR 6DYH VWDWLRQVHWWLQJV LQ
ILOH H[LVWHQWH QD iUYRUH GR
H[SORUDGRU GDV FRQILJXUDo}HV FROXQD
HVTXHUGD 
&OLTXH QHVVH FRPDQGR H
VHOHFFLRQH D SDVWD     RQGH TXHU
JXDUGDUHVVHILFKHLUR


$SyV D RUGHP GH 6DYH VXUJLUi XPD QRYD MDQHOD FRP R WtWXOR 6DYLQJ 6WDWLRQ
RQGHVHUiDSUHVHQWDGRXPDOLVWDGHFRPSRQHQWHV(VFROKDRVFRPSRQHQWHVTXHSUHWHQGH
VDOYDUHGHVHJXLGDIDoD2.,UiVXUJLUXPDQRYDMDQHODTXHLQGLFDUiRGHVHQURODU
GRSURFHVVRGHDUTXLYR
$SyVDEDUUDD]XOFKHJDUDRILPSRGHUiILQDOL]DUHVWDWDUHIDGHDUTXLYRFOLFDQGRQR
FRPDQGR &ORVH &DVR SUHWHQGD YHULILFDU TXH WDEHODV GH UHJLVWRV IRUDP DUTXLYDGDV
SRGHUiXVDURFRPDQGRGHVFUROO EDUUDYHUWLFDO 

%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



5HFXSHUDUGHILFKHLURDVFRQILJXUDo}HV

3DUDUHFXSHUDUWRGRVRVSDUkPHWURV
GRV GLYHUVRV UHJLVWRV JXDUGDGRV HP
ILFKHLUR GHYHUi VHOHFFLRQDU R FRPDQGR
5HVWRUH VWDWLRQVHWWLQJV IURP ILOH
H[LVWHQWH QD iUYRUH GR H[SORUDGRU GDV
FRQILJXUDo}HV FROXQDHVTXHUGD 
&OLTXHQHVVHFRPDQGRHVHOHFFLRQHD
SDVWD     RQGH VH HQFRQWUD R ILFKHLUR
6XUJLUi DSyV D RUGHP GH 2SHQ XPD
MDQHOD FRP R WtWXOR 5HVWRUH 6WDWLRQ
6HOHFFLRQH RV FRPSRQHQWHV FXMRV
SDUkPHWURVSUHWHQGHGHVFDUUHJDU

$SyV D RUGHP GH 2. VXUJLUi


XPD QRYD MDQHOD FRP R WtWXOR
5HVWRUH 6WDWLRQ (VWD MDQHOD YDL
LQGLFDU R GHVHQURODU GD UHFXSHUDomR
GRV GDGRV DUTXLYDGRV DQWHULRUPHQWH
HP XP ILFKHLUR ;0/ (VWHV GDGRV
FRUUHVSRQGHPDWRGRVRVSDUkPHWURVGR
FRQWURODGRU H GDV FDUWDV ,2V
FRPSOH[DV




%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



&RPRJXDUGDURVUHJLVWRVGHXPWHUPLQDO


1D SDVWD 5HSRUW7HUPLQDO 5HJLVWHU


'RF GR H[SORUDGRU FROXQD HVTXHUGD  p
SRVVtYHO JHUDU XP UHODWyULR H  JXDUGDOR QXP
ILFKHLUR ;0/   HPDLO RX FOLSERDUG FRP
WRGRV RV SDUkPHWURV GDGRV  JXDUGDGRV QRV
UHJLVWRV   GH FDGD WHUPLQDO FRPSOH[R
VHOHFFLRQDGR  



1HP WRGRV RV WHUPLQDLV SHUPLWHP R DUTXLYR H D H[SRUWDomR GRV UHJLVWRV GRV
SDUkPHWURV6yWHUPLQDLVFRPPLFURSURFHVVDGRULQWHUQRpTXHVmRFDSD]HVGHFRPXQLFDU
FRPRVRIWZDUH.6

(VWHV WHUPLQDLV GHVLJQDGRV
SRU FRPSOH[RV SRVVXHP QR
VHX PDSHDPHQWR GH ,2V WDQWR
HQGHUHoRV GH HQWUDGD ,  FRPR
HQGHUHoRV GH VDtGD 4  1HVVH
PDSHDPHQWR
H[LVWHP
GRLV
UHJLVWRV 6WDWH H GH &WUO TXH
SHUPLWHP D FRPXQLFDomR HQWUH R
FRQWURODGRUHRWHUPLQDO

7RGRVRVWHUPLQDLVGDVHULH./[[[./[[[./[[[./[[[./[[[HDOJXQV
GDVHULH./[[[H./[[[VmRFRPSOH[RV
%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



&RPRHVFUHYHUXPVFULSWQXPPyGXORGHFDEHFHLUD


&DVR TXHLUD DXWRPDWL]DU DV FRQILJXUDo}HV GRV SDUkPHWURV GH XP PyGXOR GH
FDEHFHLUD &RXSOHU XWLOL]HVFULSWV3RXSDDVVLPWHPSRHGLQKHLUR


1D EDUUD GH FRPDQGRV VHOHFFLRQH 2QOLQH  &RXSOHU  6FULSW,QLW 'HYHUi GH
VHJXLGDSURFXUDUQDSDVWD?.6BY?5HVRXUFH?6FULSWV?&RXSOHU?XPWHPSODWHHP
;0/GHVLJQDGRSRU7HPSODWH6FULSW&RXSOHU

(VWH WHPSODWH HVSHFLILFR SDUD RV FRQWURODGRUHV &RXSOHU  SRGHUi VHU XVDGR FRPR
PDWUL]QDVDOWHUDo}HVIXWXUDV3RGHUiXVDUR1RWHSDGRXRXWURHGLWRUGHWH[WRSDUDH[HFXWDU
HVVDWDUHID


$SyV FOLFDU QR FRPDQGR 2SHQ GHYHUi DSDUHFHU XPD MDQHOD RQGH GHYHUi FOLFDU QR
ERWmRGHFRPDQGR6WDUW$SyVHVWHSURFHGLPHQWRVXUJLUDXPDMDQHODSRSXSDVROLFLWDUR
UHERRWGRFRQWURODGRU -D 3DUDDEDQGRQDUHVWDMDQHODFOLTXHHP([LW
%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



([HPSORGRVFULSW7HPSODWH6FULSW&RXSOHU[PO


%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



&RPRHVFUHYHUXPVFULSWQRVWHUPLQDLV,2


&DVRTXHLUDDXWRPDWL]DU
DV
FRQILJXUDo}HV
GRV
SDUkPHWURV GRV WHUPLQDLV
,2 XWLOL]H VFULSWV 3RXSD
DVVLP WHPSR H SRVVLELOLGDGH
GHIDOKDV

1D EDUUD GH FRPDQGRV
VHOHFFLRQH
2QOLQH

7HUPLQDO6FULSW,QLW
'HYHUiGHVHJXLGDSURFXUDU
QD SDVWD ? .6BY?
5HVRXUFH?6FULSWV?7HUPLQDO?
XPWHPSODWHHP;0/GHVLJQDGRSRU7HPSODWH6FULSW7HUP

(VWH WHPSODWH HVSHFLILFR SDUD RV WHUPLQDLV ,2 7HUPLQDO  SRGHUi VHU XVDGR FRPR
PDWUL]QDVDOWHUDo}HVIXWXUDV3RGHUiXVDUR1RWHSDGRXRXWURHGLWRUGHWH[WRSDUDH[HFXWDU
HVVDWDUHID


$SyV FOLFDU QR FRPDQGR 2SHQ GHYHUi DSDUHFHU D MDQHOD HP TXH GHYHUi FOLFDU QR
ERWmRGHFRPDQGR6WDUW$SyVDILQDOL]DomRGDFRQILJXUDomRFOLTXHHP([LW
%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



([HPSORGRVFULSW7HPSODWH6FULSW7HUP[PO


%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2



&RPRFRQYHUWHUILFKHLURVVFULSWQR.6


1DV YHUV}HV DQWLJDV GR


.6 Y DVFRQILJXUDo}HVHUDP
JXDUGDGDVHPGRLVWLSRVGHILFKHLUR
FVL H WVL  'HVGH D YHUVmR 
H[LVWH Vy XP IRUPDWR GH ILFKHLUR
[PO SDUDWRGRVRVFRQWURODGRUHV
H WHUPLQDLV ,2 &DVR SRVVXD
FRQILJXUDo}HV DQWLJDV p SRVVtYHO
QR .6 Y[ FRQYHUWHU SDUD R
QRYRIRUPDWR;0/
&OLTXH HP 2QOLQH 
&RQYHUVLRQ RI VFULSW ILOHV LQ
;0/


1D MDQHOD VHJXLQWH H[LVWHP GRLV FRPDQGR VHSDUDGRV SDUD FDGD WLSR GH ILFKHLUR GDV
YHUV}HVDQWLJDVY WVLRX FVL 




'H VHJXLGD HVFROKD R ILFKHLUR TXH SUHWHQGH FRQYHUWHU XWLOL]DQGR XP GRV FRPDQGRV
DQWHULRUPHQWH LQGLFDGRV   1R H[HPSOR GD ILJXUD LUi VHU HIHFWXDGD D FRQYHUVmR GH XP
ILFKHLURDQWLJRGRWLSR WVLSDUD [PO


%5(6,0$5 DVD7HN-$QGULO Y





3DJGH



1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2




$FRQYHUVmRVHUiDSUHVHQWDGDQDMDQHOD  HGHVHJXLGDGHYHUiVDOYDURILFKHLURQR
QRYRIRUPDWR [PO  


%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2


'H VHJXLGD DSDUHFHUi XPD QRYD MDQHOD RQGH GHYHPRV HVFROKHU R GLUHFWyULR H R
IRUPDWR7HUPLQDOVFULSW;0/ [PO $WULEXDXPQRPH  DRQRYRILFKHLURHFOLTXH
QRFRPDQGR6DYH





















%5(6,0$5 DVD7HN-$QGULO Y




3DJGH

1$.6)HUUDPHQWDGHFRQILJXUDomRGRVPyGXORVGHFDEHFHLUDHWHUPLQDLV,2




































%UHVLPDU6RFLHGDGHGH(TXLSDPHQWRV(OpFWULFRV/GD
*HUDO 6HGH
4XLQWDGR6LPmR(1(VJXHLUD
$SDUWDGR
$YHLUR
32578*$/
7HOI
7HOP
)D[
HPDLOEUHVLPDU#EUHVLPDUSW

%5(6,0$5 DVD7HN-$QGULO Y




3DJGH