Type KAVS 100

Synchronism Check Relay

Service Manual

R8506F
 HANDLING OF ELECTRONIC EQUIPMENT
A person’s normal movements can easily generate electrostatic potentials of several
thousand volts. Discharge of these voltages into semiconductor devices when
handling circuits can cause serious damage, which often may not be immediately
apparent but the reliability of the circuit will have been reduced.
The electronic circuits of AREVA T&D products are immune to the relevant levels
of electrostatic discharge when housed in their cases. Do not expose them to the risk
of damage by withdrawing modules unnecessarily.

Each module incorporates the highest practicable protection for its semiconductor
devices. However, if it becomes necessary to withdraw a module, the following
precautions should be taken to preserve the high reliability and long life for which the
equipment has been designed and manufactured.
1. Before removing a module, ensure that you are a same electrostatic potential
as the equipment by touching the case.
2. Handle the module by its front-plate, frame, or edges of the printed circuit
board. Avoid touching the electronic components, printed circuit track or
connectors.
3. Do not pass the module to any person without first ensuring that you are both
at the same electrostatic potential. Shaking hands achieves equipotential.
4. Place the module on an antistatic surface, or on a conducting surface which is
at the same potential as yourself.
5. Store or transport the module in a conductive bag.
More information on safe working procedures for all electronic equipment can be
found in BS5783 and IEC 60147-0F.
If you are making measurements on the internal electronic circuitry of an equipment
in service, it is preferable that you are earthed to the case with a conductive wrist
strap.
Wrist straps should have a resistance to ground between 500k – 10M ohms. If a
wrist strap is not available you should maintain regular contact with the case to
prevent the build up of static. Instrumentation which may be used for making
measurements should be earthed to the case whenever possible.
AREVA T&D strongly recommends that detailed investigations on the electronic
circuitry, or modification work, should be carried out in a Special Handling Area
such as described in BS5783 or IEC 60147-0F.
&217(17

 6$)(7<6(&7,21 
 +HDOWKDQGVDIHW\ 
 ([SODQDWLRQRIV\PEROVDQGODEHOV 

 ,167$//,1*&200,66,21,1*$1'6(59,&,1* 

 (48,30(1723(5$7,1*&21',7,216 
 &XUUHQWWUDQVIRUPHUFLUFXLWV 
 ([WHUQDOUHVLVWRUV 
 %DWWHU\UHSODFHPHQW 
 ,QVXODWLRQDQGGLHOHFWULFVWUHQJWKWHVWLQJ 
 ,QVHUWLRQRIPRGXOHVDQGSFEFDUGV 
 )LEUHRSWLFFRPPXQLFDWLRQ 

 2/'(5352'8&76 

 '(&200,66,21,1*$1'',6326$/ 

 7(&+1,&$/63(&,),&$7,216 
 6$)(7<6(&7,21
7KLV 6DIHW\ 6HFWLRQ VKRXOG EH UHDG EHIRUH FRPPHQFLQJ DQ\ ZRUN RQ WKH
HTXLSPHQW
 +HDOWKDQGVDIHW\
7KH LQIRUPDWLRQ LQ WKH 6DIHW\ 6HFWLRQ RI WKH SURGXFW GRFXPHQWDWLRQ LV LQWHQGHG WR
HQVXUHWKDWSURGXFWVDUHSURSHUO\LQVWDOOHGDQGKDQGOHGLQRUGHUWRPDLQWDLQWKHPLQ
D VDIH FRQGLWLRQ  ,W LV DVVXPHG WKDW HYHU\RQH ZKR ZLOO EH DVVRFLDWHG ZLWK WKH
HTXLSPHQWZLOOEHIDPLOLDUZLWKWKHFRQWHQWVRIWKH6DIHW\6HFWLRQ
 ([SODQDWLRQRIV\PEROVDQGODEHOV
7KHPHDQLQJRIV\PEROVDQGODEHOVPD\EHXVHGRQWKHHTXLSPHQWRULQWKHSURGXFW
GRFXPHQWDWLRQLVJLYHQEHORZ

&DXWLRQUHIHUWRSURGXFWGRFXPHQWDWLRQ &DXWLRQULVNRIHOHFWULFVKRFN

3URWHFWLYHVDIHW\ HDUWKWHUPLQDO )XQFWLRQDO HDUWKWHUPLQDO

1RWH 7KLV V\PERO PD\ DOVR EH
XVHG IRU D SURWHFWLYHVDIHW\ HDUWK
WHUPLQDOLIWKDWWHUPLQDOLVSDUWRID
WHUPLQDO EORFN RU VXEDVVHPEO\
HJSRZHUVXSSO\

127(7+(7(50($57+86('7+528*+2877+(352'8&7'2&80(17$7,21,67+(
',5(&7(48,9$/(172)7+(1257+$0(5,&$17(50*5281'

 ,167$//,1*&200,66,21,1*$1'6(59,&,1*
(TXLSPHQWFRQQHFWLRQV
3HUVRQQHO XQGHUWDNLQJ LQVWDOODWLRQ FRPPLVVLRQLQJ RU VHUYLFLQJ ZRUN RQ WKLV
HTXLSPHQWVKRXOGEHDZDUHRIWKHFRUUHFWZRUNLQJSURFHGXUHVWRHQVXUHVDIHW\7KH
SURGXFW GRFXPHQWDWLRQ VKRXOG EH FRQVXOWHG EHIRUH LQVWDOOLQJ FRPPLVVLRQLQJ RU
VHUYLFLQJWKHHTXLSPHQW
7HUPLQDOVH[SRVHGGXULQJLQVWDOODWLRQFRPPLVVLRQLQJDQGPDLQWHQDQFHPD\SUHVHQW
DKD]DUGRXVYROWDJHXQOHVVWKHHTXLSPHQWLVHOHFWULFDOO\LVRODWHG
,IWKHUHLVXQORFNHGDFFHVVWRWKHUHDURIWKHHTXLSPHQWFDUHVKRXOGEHWDNHQE\DOO
SHUVRQQHOWRDYRLGHOHFWULFDOVKRFNRUHQHUJ\KD]DUGV
 9ROWDJHDQGFXUUHQWFRQQHFWLRQVVKRXOGEHPDGHXVLQJLQVXODWHGFULPSWHUPLQDWLRQV
WRHQVXUHWKDWWHUPLQDO EORFN LQVXODWLRQ UHTXLUHPHQWV DUH PDLQWDLQHG IRU VDIHW\  7R
HQVXUHWKDWZLUHVDUHFRUUHFWO\WHUPLQDWHGWKHFRUUHFWFULPSWHUPLQDODQGWRROIRUWKH
ZLUHVL]HVKRXOGEHXVHG
%HIRUH HQHUJLVLQJ WKH HTXLSPHQW LW PXVW EH HDUWKHG XVLQJ WKH SURWHFWLYH HDUWK
WHUPLQDO RU WKH DSSURSULDWH WHUPLQDWLRQ RI WKH VXSSO\ SOXJ LQ WKH FDVH RI SOXJ
FRQQHFWHGHTXLSPHQW2PLWWLQJRUGLVFRQQHFWLQJWKHHTXLSPHQWHDUWKPD\FDXVHD
VDIHW\KD]DUG
7KHUHFRPPHQGHGPLQLPXPHDUWKZLUHVL]HLVPPXQOHVVRWKHUZLVHVWDWHGLQWKH
WHFKQLFDOGDWDVHFWLRQRIWKHSURGXFWGRFXPHQWDWLRQ
%HIRUHHQHUJLVLQJWKHHTXLSPHQWWKHIROORZLQJVKRXOGEHFKHFNHG
− 9ROWDJHUDWLQJDQGSRODULW\
− &7FLUFXLWUDWLQJDQGLQWHJULW\RIFRQQHFWLRQV
− 3URWHFWLYHIXVHUDWLQJ
− ,QWHJULW\RIHDUWKFRQQHFWLRQZKHUHDSSOLFDEOH
− 5HPRYHIURQWSODWHSODVWLFILOPSURWHFWLRQ
− 5HPRYHLQVXODWLQJVWULSIURPEDWWHU\FRPSDUWPHQW

 (48,30(1723(5$7,1*&21',7,216
7KHHTXLSPHQWVKRXOGEHRSHUDWHGZLWKLQWKHVSHFLILHGHOHFWULFDODQGHQYLURQPHQWDO
OLPLWV
 &XUUHQWWUDQVIRUPHUFLUFXLWV
'RQRWRSHQWKHVHFRQGDU\FLUFXLWRIDOLYH&7VLQFHWKHKLJKOHYHOYROWDJHSURGXFHG
PD\EHOHWKDOWRSHUVRQQHODQGFRXOGGDPDJHLQVXODWLRQ
 ([WHUQDOUHVLVWRUV
:KHUHH[WHUQDOUHVLVWRUVDUHILWWHGWRUHOD\VWKHVHPD\SUHVHQWDULVNRIHOHFWULFVKRFN
RUEXUQVLIWRXFKHG
 %DWWHU\UHSODFHPHQW
:KHUH LQWHUQDO EDWWHULHV DUH ILWWHG WKH\ VKRXOG EH UHSODFHG ZLWK WKH UHFRPPHQGHG
W\SH DQG EH LQVWDOOHG ZLWK WKH FRUUHFW SRODULW\ WR DYRLG SRVVLEOH GDPDJH WR WKH
HTXLSPHQW
 ,QVXODWLRQDQGGLHOHFWULFVWUHQJWKWHVWLQJ
,QVXODWLRQ WHVWLQJ PD\ OHDYH FDSDFLWRUV FKDUJHG XS WR D KD]DUGRXV YROWDJH  $W WKH
HQG RI HDFK SDUW RI WKH WHVW WKH YROWDJH VKRXOG EH JUDGXDOO\ UHGXFHG WR ]HUR WR
GLVFKDUJHFDSDFLWRUVEHIRUHWKHWHVWOHDGVDUHGLVFRQQHFWHG
 ,QVHUWLRQRIPRGXOHVDQGSFEFDUGV
7KHVH PXVW QRW EH LQVHUWHG LQWR RU ZLWKGUDZQ IURP HTXLSPHQW ZKLVW LW LV HQHUJLVHG
VLQFHWKLVPD\UHVXOWLQGDPDJH
 )LEUHRSWLFFRPPXQLFDWLRQ
:KHUH ILEUH RSWLF FRPPXQLFDWLRQ GHYLFHV DUH ILWWHG WKHVH VKRXOG QRW EH YLHZHG
GLUHFWO\2SWLFDOSRZHUPHWHUVVKRXOGEHXVHGWRGHWHUPLQHWKHRSHUDWLRQRUVLJQDO
OHYHORIWKHGHYLFH

 2/'(5352'8&76
(OHFWULFDODGMXVWPHQWV
(TXLSPHQWV ZKLFK UHTXLUH GLUHFW SK\VLFDO DGMXVWPHQWV WR WKHLU RSHUDWLQJ PHFKDQLVP
WR FKDQJH FXUUHQW RU YROWDJH VHWWLQJV VKRXOG KDYH WKH HOHFWULFDO SRZHU UHPRYHG
EHIRUHPDNLQJWKHFKDQJHWRDYRLGDQ\ULVNRIHOHFWULFDOVKRFN
0HFKDQLFDODGMXVWPHQWV
7KH HOHFWULFDO SRZHU WR WKH UHOD\ FRQWDFWV VKRXOG EH UHPRYHG EHIRUH FKHFNLQJ DQ\
PHFKDQLFDOVHWWLQJVWRDYRLGDQ\ULVNRIHOHFWULFVKRFN
'UDZRXWFDVHUHOD\V
5HPRYDO RI WKH FRYHU RQ HTXLSPHQW LQFRUSRUDWLQJ HOHFWURPHFKDQLFDO RSHUDWLQJ
HOHPHQWVPD\H[SRVHKD]DUGRXVOLYHSDUWVVXFKDVUHOD\FRQWDFWV
,QVHUWLRQDQGZLWKGUDZDORIH[WHQGHUFDUGV
:KHQ XVLQJ DQ H[WHQGHU FDUG WKLV VKRXOG QRW EH LQVHUWHG RU ZLWKGUDZQ IURP WKH
HTXLSPHQWZKLOVWLWLVHQHUJLVHG7KLVLVWRDYRLGSRVVLEOHVKRFNRUGDPDJHKD]DUGV
+D]DUGRXVOLYHYROWDJHVPD\EHDFFHVVLEOHRQWKHH[WHQGHUFDUG
,QVHUWLRQDQGZLWKGUDZDORIKHDY\FXUUHQWWHVWSOXJV
:KHQ XVLQJ D KHDY\ FXUUHQW WHVW SOXJ &7 VKRUWLQJ OLQNV PXVW EH LQ SODFH EHIRUH
LQVHUWLRQRUUHPRYDOWRDYRLGSRWHQWLDOO\OHWKDOYROWDJHV

 '(&200,66,21,1*$1'',6326$/
'HFRPPLVVLRQLQJ 7KH DX[LOLDU\ VXSSO\ FLUFXLW LQ WKH UHOD\ PD\ LQFOXGH FDSDFLWRUV
DFURVVWKHVXSSO\RUWRHDUWK7RDYRLGHOHFWULFVKRFNRUHQHUJ\
KD]DUGVDIWHUFRPSOHWHO\LVRODWLQJWKHVXSSOLHVWRWKHUHOD\ERWK
SROHV RI DQ\ GF VXSSO\ WKH FDSDFLWRUV VKRXOG EH VDIHO\
GLVFKDUJHGYLDWKHH[WHUQDOWHUPLQDOVSULRUWRGHFRPPLVVLRQLQJ
'LVSRVDO ,W LV UHFRPPHQGHG WKDW LQFLQHUDWLRQ DQG GLVSRVDO WR ZDWHU
FRXUVHVLVDYRLGHG7KHSURGXFWVKRXOGEHGLVSRVHGRILQDVDIH
PDQQHU $Q\ SURGXFWV FRQWDLQLQJ EDWWHULHV VKRXOG KDYH WKHP
UHPRYHG EHIRUH GLVSRVDO WDNLQJ SUHFDXWLRQV WR DYRLG VKRUW
FLUFXLWV  3DUWLFXODU UHJXODWLRQV ZLWKLQ WKH FRXQWU\ RI RSHUDWLRQ
PD\DSSO\WRWKHGLVSRVDORIOLWKLXPEDWWHULHV
 7(&+1,&$/63(&,),&$7,216
3URWHFWLYHIXVHUDWLQJ
7KHUHFRPPHQGHGPD[LPXPUDWLQJRIWKHH[WHUQDOSURWHFWLYHIXVHIRUWKLVHTXLSPHQW
LV $ 5HG 6SRW W\SH RU HTXLYDOHQW XQOHVV RWKHUZLVH VWDWHG LQ WKH WHFKQLFDO GDWD
VHFWLRQRIWKHSURGXFWGRFXPHQWDWLRQ

,QVXODWLRQFODVV ,(&$ 7KLVHTXLSPHQWUHTXLUHVD

&ODVV, SURWHFWLYHVDIHW\HDUWK
(1 FRQQHFWLRQWRHQVXUHXVHU
&ODVV, VDIHW\

,QVXODWLRQ ,(&$ 'LVWULEXWLRQOHYHOIL[HG

&DWHJRU\ &DWHJRU\,,, LQVXODWLRQ(TXLSPHQWLQWKLV
2YHUYROWDJH (1 FDWHJRU\LVTXDOLILFDWLRQWHVWHG
&DWHJRU\,,, DWN9SHDNµV
Ω, -EHWZHHQDOOVXSSO\
FLUFXLWVDQGHDUWKDQGDOVR
EHWZHHQLQGHSHQGHQWFLUFXLWV

(QYLURQPHQW ,(&$ &RPSOLDQFHLVGHPRQVWUDWHG

3ROOXWLRQGHJUHH E\UHIHUHQFHWRJHQHULFVDIHW\
VWDQGDUGV
(1
3ROOXWLRQGHJUHH

3URGXFW6DIHW\ ((& &RPSOLDQFHZLWKWKH(XURSHDQ

&RPPLVVLRQ/RZ9ROWDJH
'LUHFWLYH
(1 &RPSOLDQFHLVGHPRQVWUDWHG
(1 E\UHIHUHQFHWRJHQHULFVDIHW\
VWDQGDUGV
6HUYLFH0DQXDO 5(
&RQWURO,VVXH
.$96

,668(( $PHQGPHQWVFRPSOHWHG

6HFWLRQ 3DJH 'HVFULSWLRQ

.$966HUYLFH0DQXDO
$OO $OO )RUPDWLQWRQHZ$5(9$VWDQGDUG
0RGHOQXPEHUV
  $PHQGPRGHOQXPEHUGLDJUDP
6\QFKURQLVPFKHFNHOHPHQWV
  $PHQGILUVWFROXPQRIWDEOH

/LYHOLQHGHDGEXVPRQLWRU
 
$PHQGWDEOHKHDGLQJIURP5/WR5/

'HDGOLQHGHDGEXVPRQLWRU
  $PHQGWDEOHKHDGLQJIURP5/WR5/
.$96VRIWZDUHKLVWRU\
  ,QVHUWVHFWLRQ
5( 6HUYLFH0DQXDO
&RQWURO,VVXH
.$96
6HUYLFH0DQXDO 5(

.$96

&217(176

 +$1'/,1*$1',167$//$7,21 
 *HQHUDOFRQVLGHUDWLRQV 
 5HFHLSWRIUHOD\V 
 (OHFWURVWDWLFGLVFKDUJH(6' 
 +DQGOLQJRIHOHFWURQLFHTXLSPHQW 
 5HOD\PRXQWLQJ 
 8QSDFNLQJ 
 6WRUDJH 

 '(6&5,37,21 
 $SSOLFDWLRQ 
 0DLQ2SHUDWLQJ)HDWXUHV 
 6\QFKURQLVPFKHFNVWDUWLQKLELWLQSXWV 
 6\VWHPVSOLWLQKLELWLQSXW 
 'HDGOLQHOLYHEXVOLYHOLQHGHDGEXV GHDGOLQHGHDGEXVLQKLELWLQSXWV 
 ´,QKLELWµLQSXWVVHOHFWDEOHIXQFWLRQDOLW\ 
 8QGHUYROWDJHDQGGLIIHUHQWLDOYROWDJHRXWSXWVVHOHFWDEOHIXQFWLRQDOLW\ 
 ´&KHFNV\QFKURQLVLQJµDQG´V\VWHPV\QFKURQLVLQJµ 
 3KDVH$QJOH 6\VWHP$QJOHFKHFNLQKLELWE\6\VWHP6SOLW 
 2SWRLVRODWHGLQSXWV 
 8VHU,QSXWV 
 2XWSXW5HOD\V 
 &RQWURO2XWSXWV 
 3ODQW6WDWXV2XWSXW 
 6RIWZDUH/RJLF)XQFWLRQV 
 7LPHU6HWWLQJ5DQJHV 
 &RXQWHUV 
 6FKHPH$ODUPVDQG,QGLFDWLRQV 
 'LVWXUEDQFHUHFRUGHUWULJJHUV 
 6FKHPH(YHQW5HFRUGV 
 6\QFKURQLVP&KHFN9ROWDJH0RQLWRU 
 0HDVXUHPHQW 
 $ODUPV 
 6FKHPHDODUPV 
 6HOIPRQLWRULQJDODUPV 
 :DWFKGRJWHVWIHDWXUH 
5( 6HUYLFH0DQXDO

.$96

 3DVVZRUGSURWHFWLRQ 
 6HULDOFRPPXQLFDWLRQ 
 7LPHWDJJHGHYHQWUHFRUGV 
 'LVWXUEDQFH5HFRUGV 
 5HPRWHFRQWUROIXQFWLRQV 
 1RWHVRQVHULDOSRUW 
 1RWHVRQVHFXULW\RIUHPRWHFRQWUROYLDWKHVHULDOSRUW 

 (;7(51$/&211(&7,216 
 $X[LOLDU\VXSSO\ 
 2SWRLVRODWHGFRQWUROLQSXWV 
 $QDORJXHLQSXWV 
 2XWSXWUHOD\V 
 6HULDOFRPPXQLFDWLRQSRUW.%XV 

 86(5,17(5)$&( 
 )URQWSODWHOD\RXW 
 /('LQGLFDWLRQV 
 .H\SDG 
 /LTXLGFU\VWDOGLVSOD\ 

 0(186<67(0 
 0HQXFRQWHQWV 
 6\VWHP'DWD 
 8VHU&RQWUROV>6(7@ 
 &RQWURO2XWSXWV>5($'@ 
 (YHQW5HFRUGV>5($'@ 
 0HDVXUHPHQWV>5($'@ 
 &RXQWHU9DOXHV>5($'@ 
 6FKHPH$ODUPV>5($'@ 
 &KHFN6\QFK6WJV>6(7@ 
 7LPHU6HWWLQJV>6(7@ 
 &RXQWHU6HWWLQJV>6(7@ 
 /RJLF)XQFWLRQV>6(7@ 
 ,QSXW0DVNV>3:3@ 
 5HOD\0DVNV>3:3@ 
 &RXQWHU5HVHWV>6(7@ 
 5HFRUGHUVHHDOVR6HFWLRQ 
 &KDQJLQJWH[WDQGVHWWLQJV 
 (QWHULQJSDVVZRUGV6<63DVVZRUGFHOO 
6HUYLFH0DQXDO 5(

.$96

 &KDQJLQJSDVVZRUGV 
 (QWHULQJWH[W 
 &KDQJLQJIXQFWLRQOLQNV 
 &KDQJLQJVHWWLQJYDOXHV 
 6HWWLQJFRPPXQLFDWLRQDGGUHVV 
 6HWWLQJLQSXWPDVNVDQGUHOD\PDVNV 
 5HVHWWLQJFRXQWHUUHJLVWHUV 
 $ODUPUHFRUGV 
 'HIDXOWGLVSOD\/&' 
 'LVWXUEDQFHUHFRUGHUV 
 5HFRUGHUFRQWURO 
 5HFRUGHUFDSWXUH 
 5HFRUGHUSRVWWULJJHU 
 5HFRUGHUORJLFWULJJHUV 
 1RWHVRQUHFRUGHGWLPHV 

 6&+(0(/2*,& 
 /DGGHUORJLFJHQHUDOGHVFULSWLRQ 
 /DGGHUORJLFHOHPHQWLGHQWLILFDWLRQ 
 ,QSXWV 
 2XWSXWVDQGVRIWZDUHUHOD\V 
 6RIWZDUHVFKHPHIXQFWLRQOLQNV 
 2WKHUHOHPHQWV 

 7(&+1,&$/'$7$ 
 5DWLQJV 
 2XWSXWV 
 %XUGHQV 
 9ROWDJHFLUFXLWV 
 $X[LOLDU\YROWDJH 
 2SWRLVRODWHGLQSXWV 
 6HWWLQJUDQJHV 
 $XWRUHFORVHVHWWLQJV 
 &KHFNV\QFKURQLVPVHWWLQJV 
 0HDVXUHPHQWGLVSOD\HG 
 5DWLRV 
 $FFXUDF\ 
 *HQHUDOIRUUHIHUHQFHFRQGLWLRQV 
 ,QIOXHQFLQJTXDQWLWLHV 
5( 6HUYLFH0DQXDO

.$96

 2SWRLVRODWHGFRQWUROLQSXWV 
 &RQWDFWV 
 2SHUDWLRQLQGLFDWRU 
 &RPPXQLFDWLRQSRUW 
 +LJKYROWDJHZLWKVWDQG 
 ,QVXODWLRQ 
 ,PSXOVH,(& 
 +LJKIUHTXHQF\GLVWXUEDQFH,(& 
 )DVWWUDQVLHQW,(& 
 6WDWLFGLVFKDUJHWHVW 
 $16,,(((VWDQGDUGV& 
 (QYLURQPHQWDO 
 7HPSHUDWXUH,(& 
 +XPLGLW\,(& 
 (QFORVXUHSURWHFWLRQ,(& 
 9LEUDWLRQ,(& 
 0HFKDQLFDOGXUDELOLW\ 
 0RGHOQXPEHUV 

 &200,66,21,1* 
 &RPPLVVLRQLQJSUHOLPLQDULHV 
 4XLFNJXLGHWRORFDOPHQXFRQWURO 
 :LWKWKHFRYHUILWWHGWRWKHFDVH 
 :LWKWKHFRYHUUHPRYHGIURPWKHFDVH 
 7HUPLQDODOORFDWLRQ 
 (OHFWURVWDWLFGLVFKDUJH(6' 
 ,QVSHFWLRQ 
 (DUWKLQJ 
 0DLQFXUUHQWWUDQVIRUPHUV 
 7HVWEORFN 
 ,QVXODWLRQ 
 &RPPLVVLRQLQJWHVWQRWHV 
 (TXLSPHQWUHTXLUHG 
 $X[LOLDU\VXSSO\WHVWV 
 $X[LOLDU\VXSSO\ 
 (QHUJLVDWLRQIURPDX[LOLDU\YROWDJHVXSSO\ 
 )LHOGYROWDJH 
 0HDVXUHPHQWFKHFNV 
 2SWRLQSXWFKHFNV 
6HUYLFH0DQXDO 5(

.$96

 2XWSXWUHOD\FKHFNV 
 6\QFKURQLVPFKHFNHOHPHQWV 
 3KDVHDQJOHFKHFN²LQVWDQWDQHRXVRSHUDWLRQ0RQLWRU5/WHUPLQDOV² 
 3KDVHDQJOHFKHFN²GHOD\RQRSHUDWLRQ0RQLWRU5/WHUPLQDOV² 
 3KDVHDQJOHFKHFN²XQGHUYROWDJHEORFNLQJ0RQLWRU5/WHUPLQDOV²DQG
5/WHUPLQDOV² 
 3KDVHDQJOHFKHFN²GLIIHUHQWLDOYROWDJHEORFNLQJ0RQLWRU5/WHUPLQDOV²
DQG5/WHUPLQDOV² 
 6\VWHPDQJOHFKHFN²LQVWDQWDQHRXVRSHUDWLRQ0RQLWRU5/WHUPLQDOV² 
 6\VWHPDQJOHFKHFN²GHOD\RQRSHUDWLRQ0RQLWRU5/WHUPLQDOV² 
 6\VWHPDQJOHFKHFN²XQGHUYROWDJHEORFNLQJ0RQLWRU5/WHUPLQDOV²DQG
5/WHUPLQDOV² 
 6\VWHPDQJOHFKHFN²GLIIHUHQWLDOYROWDJHEORFNLQJ0RQLWRU5/WHUPLQDOV²
DQG5/WHUPLQDOV² 
 9ROWDJHPRQLWRUHOHPHQWV 
 'HDGOLQHOLYHEXVPRQLWRU 
 /LYHOLQHGHDGEXVPRQLWRU 
 'HDGOLQHGHDGEXVPRQLWRU 
 6\VWHPVSOLWGHWHFWRU 
 ,QVWDQWDQHRXVUHVHW0RQLWRU5/WHUPLQDOV² 
 0LQLPXPRXWSXWSXOVH0RQLWRU5/WHUPLQDOV² 
 )LQDOVHWWLQJV 

 352%/(062/9,1* 
 3DVVZRUGORVWRUQRWDFFHSWHG 
 &KHFNV\QFKURQLVPVHWWLQJV 
 &HOOVQRWYLVLEOH 
 8QGHUYROWDJHIHDWXUHGRHVQRWEORFN 
 'LIIHUHQWLDOYROWDJHIHDWXUHGRHVQRWEORFN 
 8QGHUYROWDJHIHDWXUHRXWSXWKDVLQFRUUHFWVHQVH 
 'LIIHUHQWLDOYROWDJHIHDWXUHRXWSXWKDVLQFRUUHFWVHQVH 
 )XQFWLRQOLQNVFDQQRWEHFKDQJHG 
 $ODUPV 
 :DWFKGRJDODUP 
 8QFRQILJXUHGRUXQFDOLEUDWHGDODUP 
 6HWWLQJHUURUDODUP 
 ´1R6HUYLFHµDODUP 
 5HFRUGV 
 3UREOHPVZLWKHYHQWUHFRUGV 
 &RPPXQLFDWLRQV 
5( 6HUYLFH0DQXDO

.$96

 0HDVXUHGYDOXHVGRQRWFKDQJH 
 5HOD\QRORQJHUUHVSRQGLQJ 
 1RUHVSRQVHWRUHPRWHFRQWUROFRPPDQGV 

 0$,17(1$1&( 
 7HVWLQJ 
 $ODUPV 
 0HDVXUHPHQWDFFXUDF\ 
 2XWSXWUHOD\WHVW 
 $GGLWLRQDOWHVWV 
 0HWKRGRIUHSDLU 
 5HSODFLQJD3&% 
 5HSODFLQJRXWSXWUHOD\VDQGRSWRLVRODWRUV 
 5HSODFLQJWKHSRZHUVXSSO\ERDUG 
 5HSODFLQJWKHEDFNSODQHVL]H FDVH 
 5HFDOLEUDWLRQ 
 5HWXUQWRIDFWRU\ 

 &RPPLVVLRQLQJ7HVW5HFRUG 

 .$9662)7:$5(+,6725< 

)LJXUH 5HVSRQVHRI)RXULHUILOWHULQJ 
)LJXUH )UHTXHQF\UHVSRQVHIRUVLQJOHYROWDJHLQSXW 
)LJXUH &RQQHFWLRQWRRSWRLVRODWHGFRQWUROLQSXWV 
)LJXUH 7HUPLQDODUUDQJHPHQWIRUFRPPXQLFDWLRQV 
)LJXUH )URQWSODWHOD\RXW 
)LJXUH 0HQXV\VWHPRIUHOD\ 
)LJXUH 6FKHPHORJLFGLDJUDP.$96'UJ1R.$96 
)LJXUH 6FKHPHORJLFGLDJUDP.$96'UJ1R.$96 
)LJXUH 6FKHPHORJLFGLDJUDP.$96'UJ1R.$96 
)LJXUH 6FKHPHORJLFGLDJUDP.$96'UJ1R.$96 
)LJXUH 6FKHPHORJLFGLDJUDP.$96'UJ1R.$96 
)LJXUH 5HOD\VHWWLQJV7\SH.$966WDQGDUGIDFWRU\VHWWLQJV 
)LJXUH .$;;6KHHW 
)LJXUH .$;;6KHHW 
)LJXUH 7\SLFDODSSOLFDWLRQGLDJUDP0LGRVFKHFNV\QFKURQLVLQJUHOD\W\SH.$96 
6HUYLFH0DQXDO 5(

.$96 3DJH

 +$1'/,1*$1',167$//$7,21
 *HQHUDOFRQVLGHUDWLRQV
 5HFHLSWRIUHOD\V
3URWHFWLYH DQG FRQWURO UHOD\V DOWKRXJK JHQHUDOO\ RI UREXVW FRQVWUXFWLRQ UHTXLUH
FDUHIXO WUHDWPHQW SULRU WR LQVWDOODWLRQ RQ VLWH  8SRQ UHFHLSW UHOD\V VKRXOG EH
H[DPLQHG LPPHGLDWHO\ WR HQVXUH QR GDPDJH KDV EHHQ VXVWDLQHG LQ WUDQVLW  ,I
GDPDJHKDVEHHQVXVWDLQHGGXULQJWUDQVLWDFODLPVKRXOGEHPDGHWRWKHWUDQVSRUW
FRQWUDFWRU DQG D $5(9$ 7 ' 8. /WG  (QHUJ\ $XWRPDWLRQ  ,QIRUPDWLRQ
UHSUHVHQWDWLYHVKRXOGEHSURPSWO\QRWLILHG
5HOD\V WKDW DUH VXSSOLHG XQPRXQWHG DQG QRW LQWHQGHG IRU LPPHGLDWH LQVWDOODWLRQ
VKRXOGEHUHWXUQHGWRWKHLUSURWHFWLYHSRO\WKHQHEDJV
 (OHFWURVWDWLFGLVFKDUJH(6'
7KH UHOD\V XVH FRPSRQHQWV WKDW DUH VHQVLWLYH WR HOHFWURVWDWLF GLVFKDUJHV
7KHHOHFWURQLFFLUFXLWVDUHZHOOSURWHFWHG E\ WKH PHWDO FDVH DQG WKH LQWHUQDO PRGXOH
VKRXOGQRWEHZLWKGUDZQXQQHFHVVDULO\:KHQKDQGOLQJWKHPRGXOHRXWVLGHLWVFDVH
FDUHVKRXOGEHWDNHQWRDYRLGFRQWDFWZLWKFRPSRQHQWVDQGHOHFWULFDOFRQQHFWLRQV,I
UHPRYHG IURP WKH FDVH IRU VWRUDJH WKH PRGXOH VKRXOG EH SODFHG LQ DQ HOHFWULFDOO\
FRQGXFWLQJDQWLVWDWLFEDJ
7KHUH DUH QR VHWWLQJ DGMXVWPHQWV ZLWKLQ WKH PRGXOH DQG LW LV DGYLVHG WKDW LW LV QRW
XQQHFHVVDULO\ GLVDVVHPEOHG  $OWKRXJK WKH SULQWHG FLUFXLW ERDUGV DUH SOXJJHG
WRJHWKHU WKH FRQQHFWRUV DUH D PDQXIDFWXULQJ DLG DQG QRW LQWHQGHG IRU IUHTXHQW
GLVPDQWOLQJ LQ IDFW FRQVLGHUDEOH HIIRUW PD\ EH UHTXLUHG WR VHSDUDWH WKHP
7RXFKLQJ WKH SULQWHG FLUFXLW ERDUG VKRXOG EH DYRLGHG VLQFH FRPSOHPHQWDU\ PHWDO
R[LGH VHPLFRQGXFWRUV &026 DUH XVHG ZKLFK FDQEH GDPDJHG E\ VWDWLF HOHFWULFLW\
GLVFKDUJHGIURPWKHERG\
 +DQGOLQJRIHOHFWURQLFHTXLSPHQW
$SHUVRQ·VQRUPDOPRYHPHQWVFDQHDVLO\JHQHUDWHHOHFWURVWDWLF SRWHQWLDOV RI VHYHUDO
WKRXVDQG YROWV  'LVFKDUJH RI WKHVH YROWDJHV LQWR VHPLFRQGXFWRU GHYLFHV ZKHQ
KDQGOLQJ HOHFWURQLF FLUFXLWV FDQ FDXVH VHULRXV GDPDJH ZKLFK RIWHQ PD\ QRW EH
LPPHGLDWHO\DSSDUHQWEXWWKHUHOLDELOLW\RIWKHFLUFXLWZLOOKDYHEHHQUHGXFHG
7KHHOHFWURQLFFLUFXLWVDUHFRPSOHWHO\VDIH IURP HOHFWURVWDWLF GLVFKDUJH ZKHQ KRXVHG
LQ WKH FDVH  'R QRW H[SRVH WKHP WR ULVN RI GDPDJH E\ ZLWKGUDZLQJ PRGXOHV
XQQHFHVVDULO\
(DFK PRGXOH LQFRUSRUDWHV WKH KLJKHVW SUDFWLFDEOH SURWHFWLRQ IRU LWV VHPLFRQGXFWRU
GHYLFHV  +RZHYHU LI LW EHFRPHV QHFHVVDU\ WR ZLWKGUDZ D PRGXOH WKH SUHFDXWLRQV
VKRXOGEHWDNHQWRSUHVHUYHWKHKLJKUHOLDELOLW\DQGORQJOLIHIRUZKLFKWKHHTXLSPHQW
KDVEHHQGHVLJQHGDQGPDQXIDFWXUHG
 %HIRUH UHPRYLQJ D PRGXOH HQVXUH WKDW \RX DUH DW WKH VDPH HOHFWURVWDWLF
SRWHQWLDODVWKHHTXLSPHQWE\WRXFKLQJWKHFDVH
 +DQGOH WKH PRGXOH E\ LWV IURQW SODWH IUDPH RU HGJHV RI WKH SULQWHG FLUFXLW
ERDUG  $YRLG WRXFKLQJ WKH HOHFWURQLF FRPSRQHQWV SULQWHG FLUFXLW WUDFN RU
FRQQHFWRUV
 'RQRWSDVVWKHPRGXOHWRDQRWKHUSHUVRQZLWKRXWILUVWHQVXULQJ\RXDUHERWKDW
WKHVDPHHOHFWURVWDWLFSRWHQWLDO6KDNLQJKDQGVDFKLHYHVHTXLSRWHQWLDO
 3ODFHWKHPRGXOHRQDQDQWLVWDWLFVXUIDFHRURQDFRQGXFWLQJVXUIDFHZKLFKLV
DWWKHVDPHSRWHQWLDODV\RXUVHOI
5( 6HUYLFH0DQXDO

3DJH .$96

 6WRUHRUWUDQVSRUWWKHPRGXOHLQDFRQGXFWLYHEDJ
,I\RXDUHPDNLQJPHDVXUHPHQWVRQWKHLQWHUQDOHOHFWURQLFFLUFXLWU\RIDQHTXLSPHQW
LQ VHUYLFH LW LV SUHIHUDEOH WKDW \RX DUH HDUWKHG WR WKH FDVH ZLWK D FRQGXFWLYH ZULVW
VWUDS:ULVWVWUDSVVKRXOGKDYHDUHVLVWDQFHWRJURXQGEHWZHHQN0,IDZULVW
VWUDSLVQRWDYDLODEOH\RXVKRXOGPDLQWDLQUHJXODUFRQWDFWZLWKWKHFDVHWRSUHYHQWD
EXLOGXS RI VWDWLF  ,QVWUXPHQWDWLRQ ZKLFK PD\ EH XVHG IRU PDNLQJ PHDVXUHPHQWV
VKRXOGEHHDUWKHGWRWKHFDVHZKHQHYHUSRVVLEOH
0RUH LQIRUPDWLRQ RQ VDIH ZRUNLQJ SURFHGXUHV IRU DOO HOHFWURQLF HTXLSPHQW FDQ EH
IRXQG LQ %6 DQG ,(& 2)  ,W LV VWURQJO\ UHFRPPHQGHG WKDW GHWDLOHG
LQYHVWLJDWLRQVRQHOHFWURQLFFLUFXLWU\RUPRGLILFDWLRQZRUNVKRXOGEHFDUULHGRXWLQD
6SHFLDO +DQGOLQJ $UHD VXFK DV GHVFULEHG LQ WKH DIRUHPHQWLRQHG %6 DQG ,(&
GRFXPHQWV
 5HOD\PRXQWLQJ
5HOD\V DUH GLVSDWFKHG HLWKHU LQGLYLGXDOO\ RU DV SDUW RI D SDQHOUDFN DVVHPEO\
,I ORRVH UHOD\V DUH WR EH DVVHPEOHG LQWR D VFKHPH WKHQ FRQVWUXFWLRQ GHWDLOV FDQ EH
IRXQG LQ SXEOLFDWLRQ 5  ,I DQ 00/* WHVW EORFN LV WR EH LQFOXGHG LW VKRXOG EH
SRVLWLRQHG DW WKH ULJKW KDQG VLGH RI WKH DVVHPEO\ YLHZHG IURP WKH IURQW
0RGXOHVVKRXOGUHPDLQSURWHFWHGE\WKHLUPHWDOFDVHGXULQJDVVHPEO\LQWRDSDQHORU
UDFN  7KH GHVLJQ RI WKH UHOD\ LV VXFK WKDW WKH IL[LQJ KROHV DUH DFFHVVLEOH ZLWKRXW
UHPRYDO RI WKH FRYHU  )RU LQGLYLGXDOO\ PRXQWHG UHOD\V DQ RXWOLQH GLDJUDP LV
QRUPDOO\ VXSSOLHG VKRZLQJ WKH SDQHO FXWRXWV DQG KROH FHQWUHV  7KHVH GLPHQVLRQV
ZLOODOVREHIRXQGLQSXEOLFDWLRQ5
 8QSDFNLQJ
&DUH PXVW EH WDNHQ ZKHQ XQSDFNLQJ DQG LQVWDOOLQJ WKH UHOD\V VR WKDW QRQH RI WKH
SDUWV LV GDPDJHG RU WKH VHWWLQJV DOWHUHG DQG WKH\ PXVW DW DOO WLPHV EH KDQGOHG E\
VNLOOHGSHUVRQVRQO\7KHLQVWDOODWLRQVKRXOGEHFOHDQGU\DQGUHDVRQDEO\IUHHIURP
GXVW DQG H[FHVVLYH YLEUDWLRQ  7KH VLWH VKRXOG EH ZHOO OLW WR IDFLOLWDWH LQVSHFWLRQ
5HOD\VWKDWKDYHEHHQUHPRYHGIURPWKHLUFDVHVVKRXOGQRWEHOHIWLQVLWXDWLRQVZKHUH
WKH\DUHH[SRVHGWRGXVWRUGDPS7KLVSDUWLFXODUO\DSSOLHVWRLQVWDOODWLRQVZKLFKDUH
EHLQJFDUULHGRXWDWWKHVDPHWLPHDVFRQVWUXFWLRQZRUN
 6WRUDJH
,IUHOD\VDUHQRWWREHLQVWDOOHGLPPHGLDWHO\XSRQUHFHLSWWKH\VKRXOGEHVWRUHGLQD
SODFH IUHH IURP GXVW DQG PRLVWXUH LQ WKHLU RULJLQDO FDUWRQV  :KHUH GHKXPLGLILHU
EDJVKDYHEHHQLQFOXGHGLQWKHSDFNLQJWKH\VKRXOGEHUHWDLQHG7KHDFWLRQRIWKH
GHKXPLGLILHU FU\VWDOV ZLOO EH LPSDLUHG LI WKH EDJ KDV EHHQ H[SRVHG WR DPELHQW
FRQGLWLRQVDQGPD\EHUHVWRUHGE\JHQWO\KHDWLQJWKHEDJIRUDERXWDQKRXUSULRUWR
UHSODFLQJLWLQWKHFDUWRQ
'XVWZKLFKFROOHFWVRQDFDUWRQPD\RQVXEVHTXHQWXQSDFNLQJILQGLWVZD\LQWRWKH
UHOD\ LQ GDPS FRQGLWLRQV WKH FDUWRQ DQG SDFNLQJ PD\ EHFRPH LPSUHJQDWHG ZLWK
PRLVWXUHDQGWKHGHKXPLGLILHUZLOOORVHLWVHIILFLHQF\
6WRUDJHWHPSHUDWXUH²ƒ&WRƒ&
6HUYLFH0DQXDO 5(

.$96 3DJH

 '(6&5,37,21
 $SSOLFDWLRQ
7KH.$96LVDIUHHVWDQGLQJV\QFKURQLVPFKHFNDQGYROWDJHPRQLWRUUHOD\IRUXVH
ZLWK DXWRUHFORVH DQG PDQXDO FLUFXLW EUHDNHU FORVLQJ VFKHPHV  ,W LQFRUSRUDWHV WZR
DFYROWDJHPHDVXULQJFLUFXLWVDQGYDULRXVFRPSDUDWRUVZKLFKPD\EHVHOHFWHGYLD
WKHXVHULQWHUIDFHWRJLYHRXWSXWVLJQDOVDVUHTXLUHGIRUVSHFLILFDSSOLFDWLRQV
7KHDYDLODEOHFRPSDUDWRUVDUHGHVFULEHGLQGHWDLOXQGHU6\QFKURQLVP&KHFN9ROWDJH
0RQLWRU7KH\DUH²
− WZR IXQFWLRQDOO\ LGHQWLFDO V\QFKURQLVP FKHFN FRPSDUDWRUV 3KDVH $QJOH DQG
6\VWHP$QJOHZLWKLQGHSHQGHQW´PD[LPXPDQJOHµ´OLPLWLQJVOLSIUHTXHQF\µDQG
´RSHUDWLQJ WLPHµ VHWWLQJV ZKLFK RSHUDWH ZKHQ WKH SKDVH DQJOH EHWZHHQ OLQH
DQG EXV YROWDJHV LV OHVV WKDQ WKH VHW ´PD[LPXP DQJOHµ DQG FHUWDLQ RWKHU
FRQGLWLRQVDUHVDWLVILHG
− V\VWHP VSOLW ZKLFK RSHUDWHV ZKHQ WKH SKDVH DQJOH EHWZHHQ OLQH DQG EXV
YROWDJHVH[FHHGVWKHVHW´VSOLWDQJOHµWRLQGLFDWHZKHQWKHWZRV\VWHPVDUHRXW
RISKDVH
− GHDGOLQHOLYHEXVZKLFKRSHUDWHVZKHQWKHPHDVXUHGOLQHYROWDJHLVOHVVWKDQ
DVHW´GHDGFLUFXLWµYDOXHDQGWKHPHDVXUHGEXV YROWDJH LV JUHDWHU WKDQ D VHW
´OLYHFLUFXLWµYDOXH
− OLYHOLQHGHDGEXVZKLFKRSHUDWHVZKHQWKHPHDVXUHGEXVYROWDJHLVOHVVWKDQ
DVHW´GHDGFLUFXLWµYDOXHDQGWKHPHDVXUHGOLQHYROWDJHLVJUHDWHU WKDQ D VHW
´OLYHFLUFXLWµYDOXH
− GHDGOLQHGHDGEXVZKLFKRSHUDWHVZKHQWKHPHDVXUHGOLQHDQGEXVYROWDJHV
DUHERWKOHVVWKDQDVHW´GHDGFLUFXLWµYDOXH
− XQGHUYROWDJH ZKLFK RSHUDWHV ZKHQ WKH PHDVXUHG PDJQLWXGH RI HLWKHU OLQH RU
EXVYROWDJHLVOHVVWKDQDVHW´XQGHUYROWDJHµYDOXH
− GLIIHUHQWLDOYROWDJHZKLFKRSHUDWHVZKHQWKHDULWKPHWLFGLIIHUHQFHEHWZHHQWKH
PHDVXUHGPDJQLWXGHVRIOLQHDQGEXVYROWDJHVLVJUHDWHUWKDQDVHW´GLIIHUHQWLDO
YROWDJHµYDOXH
 0DLQ2SHUDWLQJ)HDWXUHV
 6\QFKURQLVPFKHFNVWDUWLQKLELWLQSXWV
7KH WZR V\QFKURQLVP FKHFN FRPSDUDWRUV FDQ EH FRQILJXUHG E\ VRIWZDUH VFKHPH
IXQFWLRQOLQNVHWWLQJVWREHHLWKHUDFWLYHRQO\ZKHQVSHFLILF´VWDUWV\QµORJLFLQSXWV
DUH RQ RU DFWLYH ZKHQ WKH ORJLF LQSXWV DUH RII  7KH FKRLFH RI RSHUDWLQJ PRGH ZLOO
GHSHQGODUJHO\RQWKHLQGLYLGXDOSUHIHUHQFHRIWKHHQGXVHU VRPH XWLOLWLHV SUHIHU WR
DFWLYDWHDV\QFKURQLVPFKHFNUHOD\RQO\ZKHQDFKHFNLVUHTXLUHGLHZKHQDQDXWR
UHFORVH F\FOH RU PDQXDO &% FORVLQJ LV LQ SURJUHVV  7ZR VFKHPH ORJLF LQSXWV DUH
SURYLGHGWR´VWDUWµWKHV\FKURQLVPFKHFNFRPSDUDWRUVLQGHSHQGHQWO\
 6\VWHPVSOLWLQKLELWLQSXW
7KHV\VWHPVSOLWFRPSDUDWRUFDQEHWHPSRUDULO\LQKLELWHGGHVHOHFWHGE\ D VFKHPH
ORJLFLQSXW
 'HDGOLQHOLYHEXVOLYHOLQHGHDGEXV GHDGOLQHGHDGEXVLQKLELWLQSXWV
7KH '//% //'% DQG '/'% FRPSDUDWRUV DUH DOZD\V DFWLYH DQG RSHUDWH LQGLYLGXDO
´XQTXDOLILHGµ VFKHPH ORJLF RXWSXWV ZKLFK PD\ EH XVHG IRU LQGLFDWLRQ SXUSRVHV RU
VLPSO\ LJQRUHG  (DFK RI WKHVH FRPSDUDWRUV DOVR RSHUDWHV WZR ´TXDOLILHGµ VFKHPH
5( 6HUYLFH0DQXDO

3DJH .$96

ORJLF RXWSXWV LQWHQGHG IRU DXWRUHFORVH DQG PDQXDO &% FORVLQJ VXSHUYLVLRQ  (DFK
´TXDOLILHGµRXWSXWFDQEHWHPSRUDULO\LQKLELWHGGHVHOHFWHGE\D GHGLFDWHG VFKHPH
ORJLFLQSXW
7KHVH LQKLELW LQSXWV DORQJ ZLWK WKH V\QFKURQLVP FKHFN LQKLELW LQSXWV DOORZ WKH
´SHUPLVVLRQ WR FORVHµ FRQGLWLRQV IRU DXWRUHFORVLQJ DQG PDQXDO &% FORVLQJ WR EH
VHOHFWHGRUPRGLILHGE\H[WHUQDOVLJQDOV IURP D VHSDUDWH FRQWURO SRLQW WR UHOD\ RSWR
LQSXWV
 ´,QKLELWµLQSXWVVHOHFWDEOHIXQFWLRQDOLW\
7KH IXQFWLRQDOLW\ RI DOO WKH ´LQKLELWµ LQSXWV LV FROOHFWLYHO\ VHOHFWDEOH E\ D VRIWZDUH
VFKHPHIXQFWLRQOLQNVHWWLQJWRHLWKHU²
L RIIWRHQDEOHRQWRLQKLELWWKHDVVRFLDWHGFRPSDUDWRURURXWSXW
RU
LL RQWRHQDEOHRIIWRLQKLELWWKHDVVRFLDWHGFRPSDUDWRURURXWSXW
 8QGHUYROWDJHDQGGLIIHUHQWLDOYROWDJHRXWSXWVVHOHFWDEOHIXQFWLRQDOLW\
7KH IXQFWLRQDOLW\ RI WKH RXWSXWV IURP WKH XQGHUYROWDJH DQG GLIIHUHQWLDO YROWDJH
FRPSDUDWRUVDUHLQGLYLGXDOO\VHOHFWDEOHE\VRIWZDUHFKHFNV\QFKURQLVPIXQFWLRQOLQNV
VHWWLQJVWRHLWKHU²
L RQZKHQVSHFLILHGFRQGLWLRQLVWUXHRIIZKHQFRQGLWLRQLVQRWWUXH
RU
LL RIIZKHQVSHFLILHGFRQGLWLRQLVWUXHRQZKHQFRQGLWLRQLVQRWWUXH
 ´&KHFNV\QFKURQLVLQJµDQG´V\VWHPV\QFKURQLVLQJµ
,I )1&7  $XWR 6\V 6\Q LV VHW WR  WKH 3KDVH $QJOH DQG 6\VWHP $QJOH FKHFNV
RSHUDWH LQGHSHQGHQWO\  ,Q PDQ\ DSSOLFDWLRQV RQO\ RQH VHW RI V\QFKUR FKHFN
SDUDPHWHUV ZLOO EH UHTXLUHG LQ DOO FLUFXPVWDQFHV LQ ZKLFK FDVH HLWKHU RI WKH
FRPSDUDWRUVFDQEHDSSOLHGDQGWKHRWKHUFDQEHLJQRUHG,QDIHZDSSOLFDWLRQVLW
PLJKW EH XVHIXO WR VHW WZR GLIIHUHQW VHWV RI V\QFKUR FKHFN SDUDPHWHUV HJ 3KDVH
$QJOHFKHFNZLWKORZVOLSDQGPRGHUDWHSKDVHDQJOHDQG6\VWHP$QJOHFKHFNZLWK
PRGHUDWHVOLSDQGVPDOOSKDVHDQJOHDQGDUUDQJHRXWSXWPDVNVHWWLQJVVXFKWKDWDQ
RXWSXWLVJLYHQLIHLWKHUFRQGLWLRQVDUHVDWLVILHG
,I)1&7LVVHWWRWKHQZKHQOLQHDQGEXVYROWVDUHLQLWLDOO\DSSOLHGWRWKHUHOD\LW
FKHFNVIRUSKDVHDQJOHVOLSIUHTXHQF\HWFLQOLQHZLWKVHOHFWHG´3KDVH$QJOHµVHWWLQJV
&KHFN6\QFKFKURQLVLQJPRGH,ID6\VWHP6SOLWLVGHWHFWHGEHIRUHWKH3KDVH$QJOH
VHWWLQJV DUH VDWLVILHG WKH UHOD\ VWRSV FKHFNLQJ IRU 3KDVH $QJOH VHWWLQJV DQG VWDUWV
FKHFNLQJ LQVWHDG IRU ´6\VWHP $QJOHµ VHWWLQJV 6\VWHP 6\QFKURQLVLQJ PRGH  7KLV
IXQFWLRQDOLW\LVJHQHUDOO\ LQ OLQH ZLWK WKDW VSHFLILHG E\ D PDMRU QDWLRQDO WUDQVPLVVLRQ
XWLOLW\
:KHQ )1&7  LV VHW WR  LW LV SRVVLEOH WR HQDEOHGLVDEOH WZR DXWRPDWLF UHVHW
PHFKDQLVPVIRUDXWRPDWLFDOO\VHOHFWHG6\VWHP6\QFKIXQFWLRQDOLW\E\VHWWLQJIXQFWLRQ
OLQNV)1&7 DVGHVFULEHGEHORZ
,I)1&71R7LPHRXW66LVVHWWRWKHUHOD\ZLOODXWRPDWLFDOO\FDQFHOWKH6\VWHP
6\QFKPRGHLIWKHVHOHFWHG 6\VWHP 6\QFK FRQGLWLRQV UHPDLQ XQVDWLVILHG IRU D SHULRG
ZKLFKFDQEHDGMXVWHGXSWRVHFRQGV70566\Q0D[7LPH,I)1&7LVVHWWR
WKH6\VWHP6\QFKPRGHVWD\VDFWLYHXQWLOUHVHWE\UHPRYLQJWKH/LQH9DQGRU%XV9
LQSXWV
,I)1&71R$XWRUHVHW66LVVHWWRWKH6\VWHP6\QFKPRGHLVFDQFHOOHGDIWHUD
VKRUWGHOD\70566\Q5HVHW7PDGMXVWDEOHWRVHFRQGVZKHQWKHVHOHFWHG
6HUYLFH0DQXDO 5(

.$96 3DJH

6\VWHP 6\QFK FRQGLWLRQV EHFRPH VDWLVILHG DQG WKH 6\VWHP 6\QFK RXWSXW LV JLYHQ  ,I
)1&7LVVHWWRWKH6\VWHP6\QFKPRGHVWD\VDFWLYHXQWLOUHVHWE\UHPRYLQJWKH
/LQH9DQGRU%XV9LQSXWV
 3KDVH$QJOH 6\VWHP$QJOHFKHFNLQKLELWE\6\VWHP6SOLW
,I)1&7LVVHWWRLHQRDXWRPDWLFVZLWFKLQJEHWZHHQ&KHFN6\QFKDQG6\VWHP
6\QFKPRGHDQG)1&76SOLW1R+ROGLVVHW WR  RSHUDWLRQ RI WKH 6\VWHP 6SOLW
RXWSXW VHWV D ´+2/'µ ORJLF IODJ ZKLFK LQKLELWV RSHUDWLRQ RI WKH 3KDVH $QJOH DQG
6\VWHP $QJOH FRPSDUDWRUV  7KH +2/' IODJ UHPDLQV VHW DQG 3KDVH $QJOH DQG
6\VWHP$QJOHLQKLELWHGHYHQDIWHUWKH6\VWHP6SOLWRXWSXWUHVHWVXQWLO
− WKH/LQH9DQGRU%XV9LQSXWJRHVGHDGLQZKLFKFDVHWKH+2/'IODJUHVHWV
DIWHUDVKRUWGHOD\7056SOLW'O\'2DGMXVWDEOHWRVHFRQGVRU
− WKH +2/' FRQGLWLRQ LV UHVHW E\ SUHVVLQJ WKH >@ NH\ ZKHQ WKH /&' SURPSW
´5HVHW$ODUPV >@µLVGLVSOD\HG
,I )1&7  LV VHW WR  WKH +2/' IODJ LV EORFNHG DQG WKH 3KDVH $QJOH DQG 6\VWHP
$QJOHFRPSDUDWRUVDUHQRWLQKLELWHGE\WKH6\VWHP6SOLWRXWSXW+RZHYHUVLQFHWKH
3KDVH6\VWHP $QJOH FKHFN DQG 6\VWHP 6SOLW FRQGLWLRQV DUH PXWXDOO\ H[FOXVLYH D
3KDVH6\VWHP $QJOH FKHFN RXWSXW LV LPSRVVLEOH ZKLOH D 6\VWHP 6SOLW FRQGLWLRQ LV
SUHVHQW
 2SWRLVRODWHGLQSXWV
.$96 UHOD\V KDYH HLJKW RSWR LVRODWHG LQSXWV ZLWK VRIWZDUH ILOWHULQJ WR SUHYHQW
PDORSHUDWLRQGXHWRLQGXFHGDFVLJQDOVLQWKHH[WHUQDOZLULQJ.$96VFKHPH
ORJLFKDVQLQHIXQFWLRQDOORJLFLQSXWV7KHLQSXWVUHTXLUHGIRUDQ\VSHFLILFDSSOLFDWLRQ
DUH VHOHFWHG E\ VHWWLQJ ,1387 0$6.6 WR DVVLJQ RQH RU PRUH RSWR LQSXWV WR HDFK
UHTXLUHGORJLFLQSXW$OWKRXJKPRVWVHOHFWLRQVDUHRQHWRRQHSDUDOOHOPDVNVHWWLQJV
DUH SRVVLEOH  $ VLQJOH RSWR LQSXW FDQ DFWLYDWH PRUH WKDQ RQH ORJLF LQSXW DQG D
VLQJOHORJLFLQSXWPD\EHDFWLYDWHGE\PRUHWKDQRQHRSWRLQSXW
7KHDYDLODEOHIXQFWLRQDOORJLFLQSXWVDUHGHVFULEHGEHORZ7KHGHIDXOWPDVNVHWWLQJV
DUHOLVWHGLQVFKHPHORJLFGLDJUDPGUJQR.$96

'LVSOD\1DPH (IIHFWLQ6FKHPH/RJLFZLWK,QSXW2Q
,136WDUW&K6\Q 6WDUWV\QFKURQLVPFKHFNSKDVHDQJOH
,136WDUW6\V6\Q 6WDUWV\QFKURQLVPFKHFNV\VWHPDQJOH
,13IQK'//%&K6 LI)1&7 ²LQKLELW'//%RXWSXWIRUDXWR²UHFO
LI)1&7 ²HQDEOH'//%RXWSXWIRUDXWRUHFO
,13IQK//'%&K6 LI)1&7 ²LQKLELW//'%RXWSXWIRUDXWRUHFO
LI)1&7 ²HQDEOH//'%RXWSXWIRUDXWRUHFO
,13IQK'/'%&K6 LI)1&7 ²LQKLELW'/'%RXWSXWIRUDXWRUHFO
LI)1&7 ²HQDEOH'/'%RXWSXWIRUDXWRUHFO
,13IQK'//%6\6 LI)1&7 ²LQKLELW'//%RXWSXWIRUPDQXDOFO
LI)1&7 ²HQDEOH'//%RXWSXWIRUPDQXDOFO
,13IQK//'%6\6 LI)1&7 ²LQKLELW//'%RXWSXWIRUPDQXDOFO
LI)1&7 ²HQDEOH//'%RXWSXWIRUPDQXDOFO
,13IQK'/'%6\6 LI)1&7 ²LQKLELW'/'%RXWSXWIRUPDQXDOFO
LI)1&7 ²HQDEOH'/'%RXWSXWIRUPDQXDOFO
,13IQK6\V6SOLW LI)1&7 ²LQKLELWV\VWHPVSOLWFRPSDUDWRU
LI)1&7 ²HQDEOHV\VWHPVSOLWFRPSDUDWRU
5( 6HUYLFH0DQXDO

3DJH .$96

 8VHU,QSXWV
.$96UHOD\VFKHPHORJLFGRHVQRWLQFOXGHDQ\XVHULQSXWV
 2XWSXW5HOD\V
.$96 UHOD\V KDYH HLJKW RXWSXW UHOD\V HDFK ZLWK RQH QRUPDOO\ RSHQ FRQWDFW SOXV D
ZDWFKGRJ RXWSXW ZLWK RQH QRUPDOO\ RSHQ DQG RQH QRUPDOO\ FORVHG FRQWDFW
.$96VFKHPHORJLFKDVVL[WHHQIXQFWLRQDOORJLFRXWSXWV7KHRXWSXWVUHTXLUHGIRU
DQ\VSHFLILFDSSOLFDWLRQDUHVHOHFWHGE\VHWWLQJ5(/$<0$6.6WRDVVLJQRQHRUPRUH
RXWSXWUHOD\VWRHDFKUHTXLUHGORJLFRXWSXW$OWKRXJKPRVWVHOHFWLRQVDUHRQHWRRQH
SDUDOOHOVHWWLQJVDUHSRVVLEOH$VLQJOHRXWSXWUHOD\PD\EHDFWLYDWHGE\PRUHWKDQ
RQHORJLFRXWSXWDQGDVLQJOHORJLFRXWSXWFDQDFWLYDWHPRUHWKDQRQHRXWSXWUHOD\
7KHDYDLODEOHORJLFRXWSXWVDUHGHVFULEHGEHORZ7KHGHIDXOWPDVNVHWWLQJVDUHOLVWHG
LQVFKHPHORJLFGLDJUDPGUJQR.$96

'LVSOD\1DPH 2SHUDWLQJ/RJLF
5/<6WDUW6\QFK 6WDUWV\QFKFKHFNSKDVHDQJOHRUV\VWHPDQJOHLQSXWLV
RQ
5/<&KHFN6\Q2. 6\QFKFKHFNSKDVHDQJOHLVHQDEOHGE\,13IQK&KHFN6\Q
$1'FRQGLWLRQVDUHVDWLVILHG
5/<6\VWHP6\Q2. 6\QFKFKHFNV\VWHPDQJOHLVHQDEOHGE\,13IQK6\V6\Q
$1'FRQGLWLRQVDUHVDWLVILHG
5/<'/LQH/%XV 'HDGOLQHOLYHEXVFRQGLWLRQV'//%DUHVDWLVILHG
5/<//LQH'%XV /LYHOLQHGHDGEXVFRQGLWLRQV//'%DUHVDWLVILHG
5/<'/LQH'%XV 'HDGOLQHGHDGEXVFRQGLWLRQV'/'%DUHVDWLVILHG
5/<8QGHUYROWDJH 8QGHUYROWDJHRXWSXWLVRQ
5/<'LII9ROWDJH 'LIIHUHQWLDOYROWDJHRXWSXWLVRQ
5/<6\VWHP6SOLW 6\VWHPVSOLWLVHQDEOHGE\,13IQK6\V6SOLW$1'FRQGLWLRQV
DUHVDWLVILHG
5/<'//%&K6\Q '//%LVWUXH$1',13IQK'//%&K6VWDWHHQDEOHV'//%
IRUDXWRUHFORVH
5/<//'%&K6\Q //'%LVWUXH$1',13IQK//'%&K6VWDWHHQDEOHV//'%
IRUDXWRUHFORVH
5/<'/'%&K6\Q '/'%LVWUXH$1',13IQK'/'%&K6VWDWHHQDEOHV'/'%
IRUDXWRUHFORVH
5/<'//%6\V6\Q '//%LVWUXH$1',13IQK'//%6\6VWDWHHQDEOHV'//%IRU
PDQXDO&%FORVH
5/<//'%6\V6\Q '//'%LVWUXH$1',13IQK//'%6\6VWDWHHQDEOHV//'%
IRUPDQXDO&%FORVH
5/<'/'%6\V6\Q '/'%LVWUXH$1',13IQK'/'%6\6VWDWHHQDEOHV'/'%
IRUPDQXDO&%FORVH
5/<9/9%+HDOWK\ 89DQGRU'LII9DODUPHQDEOHG%87QHLWKHUDODUPLVVHW
LH´KHDOWK\µYROWDJHFRQGLWLRQV
6HUYLFH0DQXDO 5(

.$96 3DJH

 &RQWURO2XWSXWV
7ZHOYH´FRQWURORXWSXWVµVHH6HFWLRQV²FHOO'DQGDUHDYDLODEOHIRU
UHOD\VWDWXVLQGLFDWLRQVWKURXJKWKHXVHULQWHUIDFHDVGHVFULEHGEHORZ

'LVSOD\1DPH 2SHUDWLQJ/RJLF
&7/6WDUW6\QFK 6WDUWV\QFKFKHFNSKDVHDQJOHRUV\VWHPDQJOHLQSXWLV
RQ
&7/&KHFN6\Q2. 6\QFKFKHFNSKDVHDQJOHLVHQDEOHGE\,13IQK
&KHFN6\Q$1'FRQGLWLRQVDUHVDWLVILHG
&7/6\VWHP6\Q2. 6\QFKFKHFNV\VWHPDQJOHLVHQDEOHGE\,13IQK6\V6\Q
$1'FRQGLWLRQVDUHVDWLVILHG
&7/'/LQH/%XV 'HDGOLQHOLYHEXVFRQGLWLRQV'//%DUHVDWLVILHG
&7///LQH'%XV /LYHOLQHGHDGEXVFRQGLWLRQV//'%DUHVDWLVILHG
&7/'/LQH'%XV 'HDGOLQHGHDGEXVFRQGLWLRQV'/'%DUHVDWLVILHG
&7/8QGHUYROWDJH 8QGHUYROWDJHRXWSXWLVRQ
&7/'LII9ROWDJH 'LIIHUHQWLDOYROWDJHRXWSXWLVRQ
&7/6\VWHP6SOLW 6\VWHPVSOLWLVHQDEOHGE\,13IQK6\V6SOLW$1'FRQGLWLRQV
DUHVDWLVILHG

&7/$XWR6\V6\Q 6\VWHPV\QFKURQLVLQJPRGHVHOHFWHGVHH

&7/6\QF%ORFNHG 6\QFKURFKHFNVLQKLELWHGIROORZLQJV\VWHPVSOLWVHH

&7/9/9%+HDOWK\ ´+HDOWK\µYROWDJHFRQGLWLRQVSUHVHQWQR89RU'LII9
DODUP
 3ODQW6WDWXV2XWSXW
1RSODQWVWDWXVRXWSXWVDUHXVHGLQ.$96ORJLFDQG6<63ODQW6WDWXVELWVWR)
DUHDOZD\V
 6RIWZDUH/RJLF)XQFWLRQV
.$96VFKHPHORJLFFDQEHXVHUFRQILJXUHGWRHQDEOHGLVDEOHVHOHFWHGIHDWXUHV
DVUHTXLUHGIRUVSHFLILFDSSOLFDWLRQVE\VHWWLQJVFKHPHIXQFWLRQOLQNVWRRU/LQNV
DUHLGHQWLILHGE\²
L GHFLPDOQXPEHULQJIURP)1&7WR)1&7LQODGGHUORJLFGLDJUDPV
DQG
LL KH[DGHFLPDOQXPEHULQJLQWZRVL[WHHQELWZRUGVLQ/2*,&)81&7,216PHQX
FHOOV$DQG$
&HOO$>6FKHPH)Q/LQNV@ELWVWR)FRUUHVSRQGWR)1&7WR
&HOO$>6FKHPH)Q/LQNV@ELWVWR)FRUUHVSRQGWR)1&7WR
5( 6HUYLFH0DQXDO

3DJH .$96

,QWKHIROORZLQJOLVWVWKHGHIDXOWVHWWLQJVDSSOLHGLQWKHIDFWRU\DUHLGHQWLILHGE\'

/RJLF 6FKHPH 'LVSOD\ (IIHFWLQVFKHPHORJLF

)1&7 )Q/LQNV 1DPH
QXPEHU ELWQR
  &K6\Q  ,136WDUW&K6\Q2))WRHQDEOH3K$QJOH'
6ZLWFKHG
 ,136WDUW&K6\Q21WRHQDEOH3K$QJOH
  6\V6\Q  ,136WDUW6\V6\Q2))WRHQDEOH6\V$QJOH'
6ZLWFKHG
 ,136WDUW6\V6\Q21WRHQDEOH6\V$QJOH
  IQK2QWR  ,13IQKLQSXWV2))WRHQDEOH21WR
(QDEOH LQKLELW'
 ,13IQKLQSXWV21WRHQDEOH2))WR
LQKLELW
  (QDEOHG89  GLVDEOH89DODUPRXWSXW
$ODUP
 HQDEOH89DODUPRXWSXW'
  ,QYHUW89  DODUPZKHQ89FRPSDUDWRURXWSXW '
/RJLF
 DODUPZKHQ89FRPSDUDWRURXWSXW 
  (QDEOH'9  GLVDEOH'LII9DODUPRXWSXW
$ODUP
 HQDEOH'LII9DODUPRXWSXW'
  ,QYHUW'9  DODUPZKHQ'9FRPSDUDWRURXWSXW '
/RJLF
 DODUPZKHQ'9FRPSDUDWRURXWSXW 
  $XWR6\V  3K$QJOH 6\V$QJOHLQGHSHQGHQW'
6\Q  $XWRVZLWFKIROORZLQJ6\V6SOLW
  6SOLW1R  6\VWHP6SOLWEORFNV3K$QJOH 6$QJOH'
+ROG  6\V6SOLWGRHVQRWEORFN3K$ 6$
  1R7LPHRXW  6\VWHP6\QFDXWRWLPHRXWHQDEOHG'
66  6\VWHP6\QFDXWRWLPHRXWGLVDEOHG
 $ 1R  6\V6\QFPRGHUHVHWZKHQ´,Q6\QFµ'
$XWRUHVHW  6\V6\QFPRGHQRWUHVHWZKHQ´,Q6\QFµ
66
 % 1R*OREDO  89'LII9 6SOLWDODUPVFDQEHUHVHWE\
5HVHW ´*OREDO5HVHWµ'
 89'LII9 6SOLWDODUPVFDQQRWEHUHVHWE\
´*OREDO5HVHWµ
WR &WR) 1RWXVHG$OOIL[HG 
/RJLF 6FKHPH 'LVSOD\ (IIHFWLQVFKHPHORJLF
)1&7 )Q/LQNV 1DPH
QXPEHU ELWQR
WR WR) 1RWXVHG$OOIL[HG 
6HUYLFH0DQXDO 5(

.$96 3DJH

 7LPHU6HWWLQJ5DQJHV
7LPHU VHWWLQJV DVVRFLDWHG ZLWK V\QFKURQLVP FKHFN DQG V\VWHP VSOLW IXQFWLRQV DUH
GHVFULEHGXQGHU6\QFKURQLVP&KHFN9ROWDJH0RQLWRU7LPHUVHWWLQJVLQWKHVFKHPH
ORJLFDUHGHWDLOHGGHORZ

'LVSOD\QDPH 'HVFULSWLRQ 6HWWLQJUDQJHVHF

7056V\Q0D[7LPH 0D[LPXPWLPHIRU6\VWHP6\QFKLI)1&7 
 VHH
7056SOLW'O\'2 5HVHWGHOD\IRU6\QFKURFKHFNLQKLELWVHH 

7056V\Q5HVHW7P 5HVHWGHOD\IRU6\VWHP6\QFKLI)1&7 
VHH
 &RXQWHUV
.$96VFKHPHORJLFGRHVQRWLQFOXGHDQ\FRXQWHUUHODWHGIXQFWLRQV
 6FKHPH$ODUPVDQG,QGLFDWLRQV
6FKHPH DODUPV DQG LQGLFDWLRQV DUH LQLWLDWHG E\ VSHFLILHG FRQGLWLRQV LQ WKH VFKHPH
ORJLF
$ ´VFKHPH DODUPµ FRPSULVHV D PHVVDJH RQ WKH /&' DQG RQH RI WKH $ODUP /('V
EHLQJ OLW  7KH DODUP PHVVDJH RYHUZULWHV WKH UHOD\ GHIDXOW GLVSOD\  $FWLYH DODUP
PHVVDJHVDUHDOVRGLVSOD\HGLQWKH6&+(0($/$506PHQXFROXPQ:KHQDVFKHPH
DODUPLVVHWELWRIWKH6<6$ODUPVZRUGLQWKH6<67(0'$7$PHQXLVVHWWR
6FKHPH DODUPV FDQ EH HLWKHU VHOIUHVHW LH UHVHW DXWRPDWLFDOO\ ZKHQ WKH LQLWLDWLQJ
FRQGLWLRQEHFRPHVLQDFWLYHRUODWFKLQJLHUHTXLUHRSHUDWRUDFWLRQWRUHVHWDIWHUWKH
LQLWLDWLQJ FRQGLWLRQ EHFRPHV LQDFWLYH  6RPH RI WKH VHOIUHVHW DODUPV FDQ EH
´DFFHSWHGµZKLOHWKHLQLWLDWLQJFRQGLWLRQLVVWLOODFWLYHVHHEHORZ:KHQPRUHWKDQ
RQH DODUP LV VHW RU LI DQ\ RSHUDWRUUHVHWWDEOH DODUP LV VHW WKH PHVVDJHV FDQ EH
VFUROOHGLHGLVSOD\HGVHTXHQWLDOO\E\VKRUWSUHVVHVRIWKH>)@NH\7KHUHOD\FDQEH
DUUDQJHG WR DOVR VFUROO DXWRPDWLFDOO\ WR WKH QH[W PHVVDJH HYHU\  VHFRQGV E\
VHOHFWLQJ´(YHU\VHFRQGVµLQ/2*,&)81&7,216PHQXFHOO>/2*5RWDWLRQ@
,I DQ RSHUDWRUUHVHWWDEOH DODUP LV VHW WKHQ ZKHQ DOO DODUP PHVVDJHV KDYH EHHQ
GLVSOD\HGLQWKHVFUROOVHTXHQFHWKHQH[WPHVVDJHLV>5(6(7$/$506 >@@,IWKH
>@NH\LVJLYHQDORQJSUHVVZKHQ>5(6(7$/$506 >@@LVGLVSOD\HGDQ\ODWFKLQJ
DODUPVIRUZKLFKWKHLQLWLDWLQJFRQGLWLRQVDUHQRORQJHUDFWLYHZLOOUHVHWWKLVLVFDOOHG
´*OREDO5HVHWµ,I)1&7 VRPHRIWKHVHOIUHVHWDODUPVFDQEH´DFFHSWHGµ
LH/&'PHVVDJHDQG/('WXUQHGRIIHYHQLIWKHLQLWLDWLQJFRQGLWLRQVDUHVWLOODFWLYH
E\SUHVVLQJWKH>@NH\ZKHQ>5(6(7$/$506 >@@LVGLVSOD\HGWKLVLVLQGLFDWHG
EHORZDV´*OREDO$FFHSWµ
$´VFKHPHLQGLFDWLRQµFRPSULVHVDQ/&'PHVVDJHRQO\ZLWKRXWDQ/('EHLQJOLWWKH
PHVVDJHRYHUZULWHVWKHGHIDXOWGLVSOD\RQO\LIWKH´/DGGHUµGHIDXOWGLVSOD\LVVHOHFWHG
LQ WKH /2*,& )81&7,216 PHQX  6FKHPH LQGLFDWLRQV DUH QRW GLVSOD\HG LI DQ\
GHIDXOWGLVSOD\RWKHUWKDQ´/DGGHUµLVVHOHFWHG$VFKHPHDODUPWDNHVSULRULW\RYHUD
VFKHPHLQGLFDWLRQ
6FKHPHDODUPVDQGLQGLFDWLRQVRQWKH.$96DUHOLVWHGEHORZ5HVHWRSWLRQVDUH
− 65 VHOIUHVHW
− *5 JOREDOUHVHWVHHDERYH
− *$ JOREDODFFHSWLI)1&7 VHHDERYH
− /95 ´ORZYROWVUHVHWµ²VHOIUHVHWLI/LQH9DQGRU%XV9JRHVGHDG
5( 6HUYLFH0DQXDO

3DJH .$96

/&'0HVVDJH /(' ,QLWLDWLQJFRQGLWLRQ 5HVHW

/LYH%XV 1RQH /LYH%XV'HDG/LQHRXWSXWVHW 65
'HDG/LQH LQGLFDWLRQ
'HDG%XV 1RQH 'HDG%XV/LYH/LQHRXWSXWVHW 65
/LYH/LQH LQGLFDWLRQ
'HDG%XV 1RQH 'HDG%XV'HDG/LQHRXWSXWVHW 65
'HDG/LQH LQGLFDWLRQ
,Q6\QFKURQLVP $PEHU 3KDVH$QJOHRXWSXWVHW 65
&KHFN6\QFK
,Q6\QFKURQLVP $PEHU 6\VWHP$QJOHRXWSXWVHW 65
6\VWHP6\QFK
8QGHUYROWDJH 5HG 8QGHUYROWDJHRXWSXWVHW 65*$
'LIIHUHQWLDO9ROWDJH 5HG 'LIIHUHQWLDOYROWDJHRXWSXWVHW 65*$
6\VWHP6SOLW 5HG 6\VWHP6SOLWRXWSXWVHW 65*$
6\QFKEORFNHGE\V\V 5HG 6\QFKFKHFNLQKLELWHGIROORZLQJ /95*5
VSOLW V\VWHPVSOLW
 'LVWXUEDQFHUHFRUGHUWULJJHUV
7KHGLVWXUEDQFHUHFRUGHUIXQFWLRQLVJHQHUDOO\GHVFULEHGLQVHFWLRQVDQGRI
WKLV PDQXDO  7KH .$96 GRHV QRW KDYH DQ\ DQDORJXH FXUUHQW LQSXWV DQG VR
FDQQRW PDNH IXOO IDXOW UHFRUGV  +RZHYHU VRPH XVHUV KDYH IRXQG UHFRUGV RI LQSXW
DQG RXWSXW RSHUDWLRQV DQG YROWDJH ZDYHIRUPV KHOSIXO LQ DQDO\VLQJ VRPH V\VWHP
GLVWXUEDQFHV'LVWXUEDQFHUHFRUGHUWULJJHUVLQWKH.$96DUHOLVWHGEHORZ

1R 1DPH (IIHFWLIVHWWRLQFHOO5(&7ULJ21

 &K6\Q7ULJJHU 7ULJJHUZKHQ3KDVH$QJOHFRPSDUDWRURSHUDWHV
 6\V6\Q7ULJJHU 7ULJJHUZKHQ6\VWHP$QJOHFRPSDUDWRURSHUDWHV
 '//%7ULJJHU 7ULJJHUZKHQ'HDG/LQH/LYH%XVFRPSDUDWRURSHUDWHV
 //'%7ULJJHU 7ULJJHUZKHQ/LYH/LQH'HDG%XVFRPSDUDWRURSHUDWHV
 '/'%7ULJJHU 7ULJJHUZKHQ'HDG/LQH'HDG%XVFRPSDUDWRURSHUDWHV
 897ULJJHU 7ULJJHUZKHQ8QGHUYROWDJHFRPSDUDWRURSHUDWHV
 'LII97ULJJHU 7ULJJHUZKHQ'LII9ROWDJHFRPSDUDWRURSHUDWHV
 ///%7ULJJHU 7ULJJHUZKHQ///%IODJRSHUDWHVERWK/LQH9DQG%XV9
LQSXWVDUH´QRWGHDGµ
 6\V6SOLW7ULJJHU 7ULJJHUZKHQ6\VWHPVSOLWFRPSDUDWRURSHUDWHV

1R 1DPH (IIHFWLIVHWWRLQFHOO5(&7ULJ2))

 &K6\Q7ULJJHU 7ULJJHUZKHQ3KDVH$QJOHFRPSDUDWRUUHVHWV
 6\V6\Q7ULJJHU 7ULJJHUZKHQ6\VWHP$QJOHFRPSDUDWRUUHVHWV
 '//%7ULJJHU 7ULJJHUZKHQ'HDG/LQH/LYH%XVFRPSDUDWRUUHVHWV
 //'%7ULJJHU 7ULJJHUZKHQ/LYH/LQH'HDG%XVFRPSDUDWRUUHVHWV
 '/'%7ULJJHU 7ULJJHUZKHQ'HDG/LQH'HDG%XVFRPSDUDWRUUHVHWV
6HUYLFH0DQXDO 5(

.$96 3DJH

1R 1DPH (IIHFWLIVHWWRLQFHOO5(&7ULJ2))

 897ULJJHU 7ULJJHUZKHQ8QGHUYROWDJHFRPSDUDWRUUHVHWV
 'LII97ULJJHU 7ULJJHUZKHQ'LII9ROWDJHFRPSDUDWRUUHVHWV
 ///%7ULJJHU 7ULJJHUZKHQ///%IODJUHVHWVHLWKHU/LQH9DQGRU%XV9
LQSXWVLV´GHDGµ
 6\V6SOLW7ULJJHU 7ULJJHUZKHQ6\VWHPVSOLWFRPSDUDWRUUHVHWV
 6FKHPH(YHQW5HFRUGV
7KH.$96GRHVQRWSURYLGHDQ\VFKHPHHYHQWUHFRUGV
 6\QFKURQLVP&KHFN9ROWDJH0RQLWRU
7KH .$96  UHOD\ LQFRUSRUDWHV WZR YROWDJH WUDQVIRUPHUV IRU PHDVXULQJ OLQH DQG
EXVEDUYROWDJHVVHHXQGHU0HDVXUHPHQWEHORZ7KHVFKHPHORJLFLQFOXGHVVRIWZDUH
FRPSDUDWRUPRGXOHVWRPDNHYDULRXVFRPSDULVRQVEHWZHHQOLQHDQGEXVYROWDJHVDV
GHVFULEHGEHORZ
− 3KDVHDQJOHFRPSDULVRQV\QFKURQLVPFKHFN
− 6\VWHPDQJOHFRPSDULVRQV\QFKURQLVPFKHFN
− 6\VWHPVSOLWGHWHFWRU
− 'HDGOLQHOLYHEXVFRPSDULVRQ
− /LYHOLQHGHDGEXVFRPSDULVRQ
− 'HDGOLQHGHDGEXVFRPSDULVRQ
− 8QGHUYROWDJHGHWHFWRU
− 'LIIHUHQWLDOYROWDJHGHWHFWRU
6\QFKURQLVP FKHFN DQG YROWDJH PRQLWRU VHWWLQJV DUH DFFHVVHG LQ WKH PHQX FROXPQ
KHDGHG&+(&.6<1&+67*6DVGHVFULEHGLQ6HFWLRQ²0(186<67(0  6HWWLQJ
UDQJHVDUHGHWDLOHGLQ6HFWLRQ²7(&+1,&$/'$7$
3KDVH$QJOHDQG6\VWHP$QJOHFRPSDUDWRUVDUHLGHQWLFDOLQRSHUDWLRQEXWFDQKDYH
GLIIHUHQWVHWWLQJVIRUH[DPSOHWRSHUPLWDXWRUHFORVLQJZLWKSKDVHDQJOHXSWRVHWWLQJ
θ RU PDQXDO &% FORVLQJ ZLWK SKDVH DQJOH XS WR VHWWLQJ θ  (DFK RI WKHVH
FRPSDUDWRUVZLOOJLYHDQRXWSXWWRWKHVFKHPHORJLFSURYLGHG²
 LWLVHQDEOHGE\VHWWLQJWKHUHOHYDQW&66)Q/LQNVELWWRELWWRHQDEOHSKDVH
DQJOHFKHFNRUELWWRHQDEOHV\VWHPDQJOHFKHFN
DQG
 LW LV HQDEOHG E\ WKH UHOHYDQW LQSXW ,13 6WDUW &K6\Q RU ,13 6WDUW 6\V6\Q
IXQFWLRQDOLW\GHSHQGHQWRQVFKHPHVRIWZDUHIXQFWLRQOLQN)1&7DQG)1&7
VHWWLQJV
DQG
 WKH PHDVXUHG PDJQLWXGH RI %27+ LQFRPLQJ YROWDJHV LV JUHDWHU WKDQ VHWWLQJ
&669%/'HDGRUYROWVZKLFKHYHULVKLJKHVW
DQG
5( 6HUYLFH0DQXDO

3DJH .$96

 D LIWKHVOLSWLPHGHOD\HGRSHUDWLRQIHDWXUHLVHQDEOHGE\VHWWLQJWKH

UHOHYDQW&66)Q/LQNVELWWRELWIRUSKDVHDQJOHFKHFNRUELWIRU
V\VWHPDQJOH FKHFN²WKHPHDVXUHGSKDVHDQJOHEHWZHHQLQFRPLQJ
OLQHDQGEXVYROWDJHV LVOHVVWKDQWKHVHWDQJOH&663KDVHDQJOHRU
&666\VWHPDQJOHDVUHOHYDQWIRUDWLPHJUHDWHUWKDQWKHVHWGHOD\
WLPH&666\QFKWLPHUIRUSKDVHDQJOHFKHFNRU&666\VWHPWLPHUIRU
V\VWHPDQJOHFKHFN
RU

(E LIWKHVOLSWLPHGHOD\HGRSHUDWLRQIHDWXUHLVGLVDEOHGE\VHWWLQJWKH

UHOHYDQW&66)Q/LQNVELWWRELWIRUSKDVHDQJOHFKHFNRUELWIRU
V\VWHPDQJOHFKHFN²WKHPHDVXUHGSKDVHDQJOHEHWZHHQLQFRPLQJOLQH
DQGEXVYROWDJHVLVOHVVWKDQWKHVHWDQJOH&663KDVHDQJOHRU&66
6\VWHPDQJOHDVUHOHYDQWLHLPPHGLDWHRSHUDWLRQ
DQG
 LIVOLSIUHTXHQF\EORFNLQJLVHQDEOHGE\VHWWLQJWKHUHOHYDQW&66)Q/LQNVELWWR
ELWIRUSKDVHDQJOHFKHFNRUELWIRUV\VWHPDQJOHFKHFN²WKHPHDVXUHG
UDWHRIFKDQJHRISKDVHDQJOHEHWZHHQLQFRPLQJOLQHDQGEXVYROWDJHVLVOHVV
WKDQWKHVHWVOLSIUHTXHQF\OLPLW&666OLS)UHTIRUSKDVHDQJOHFKHFNRU&66
6\VWHP6OLSIRUV\VWHPDQJOHFKHFN
DQG
 LI XQGHUYROWDJH EORFNLQJ LV HQDEOHG E\ VHWWLQJ &66 )Q  /LQNV ELW % WR  ² WKH
PHDVXUHG PDJQLWXGH RI %27+ LQFRPLQJ YROWDJHV LV QRW OHVV WKDQ WKH &66
8QGHUYROWDJHVHWWLQJ
DQG
 LIGLIIHUHQWLDOYROWDJHEORFNLQJLVHQDEOHGE\VHWWLQJ&66)Q/LQNVELW'WR²
WKHGLIIHUHQFHEHWZHHQWKHPHDVXUHGPDJQLWXGHVRIWKHLQFRPLQJOLQHDQGEXV
YROWDJHVLVOHVVWKDQWKH&66'LII9ROWDJHVHWWLQJ
7KH6\VWHP6SOLWGHWHFWRUJLYHVDQRXWSXWWRWKHVFKHPHORJLFSURYLGHG²
 LWLVHQDEOHGE\VHWWLQJ&66)Q/LQNVELWWR
DQG
 LW LV HQDEOHG E\ LQSXW ,13 IQK 6\V6SOLW IXQFWLRQDOLW\ GHSHQGHQW RQ VFKHPH
VRIWZDUHIXQFWLRQOLQN)1&7VHWWLQJ
DQG
 WKH PHDVXUHG PDJQLWXGH RI %27+ LQFRPLQJ YROWDJHV LV JUHDWHU WKDQ VHWWLQJ
&669%/'HDGRUYROWVZKLFKHYHULVKLJKHVW
DQG
 WKHPHDVXUHGSKDVHDQJOHEHWZHHQLQFRPLQJOLQHDQGEXVYROWDJHVLVJUHDWHU
WKDQWKHVHWDQJOH&666SOLW$QJOH
,I&66)Q/LQNVELW6SOLWWLPHLVVHWWRWKHV\VWHPVSOLWORJLFRXWSXWUHPDLQVRQIRU
DPLQLPXPSHULRGHTXDOWR&666SOLW7LPHUVHWWLQJHYHQLIWKHPHDVXUHGSKDVHDQJOH
IDOOVWROHVVWKDQWKHVHWDQJOHEHIRUHWKDWWLPHKDVHODSVHG
7KHGHDGOLQHOLYHEXVFRPSDUDWRUJLYHVDQRXWSXWWRWKHVFKHPHORJLFSURYLGHG²
 LWLVHQDEOHGE\VHWWLQJ&66)Q/LQNVELWWR
DQG
6HUYLFH0DQXDO 5(

.$96 3DJH

 WKHPHDVXUHGPDJQLWXGHRIWKHLQFRPLQJ OLQH YROWV LV OHVV WKDQ WKH &66 9%/

'HDGVHWWLQJ
DQG
 WKH PHDVXUHG PDJQLWXGH RI WKH LQFRPLQJ EXV YROWV LV JUHDWHU WKDQ WKH &66
9%//LYHVHWWLQJ
7KHOLYHOLQHGHDGEXVFRPSDUDWRUJLYHVDQRXWSXWWRWKHVFKHPHORJLFSURYLGHG²
 LWLVHQDEOHGE\VHWWLQJ&66)Q/LQNVELWWR
DQG
 WKHPHDVXUHGPDJQLWXGH RI WKH LQFRPLQJEXV YROWV LV OHVV WKDQ WKH &66 9%/
'HDGVHWWLQJ
DQG
 WKH PHDVXUHG PDJQLWXGH RI WKH LQFRPLQJ OLQH YROWV LV JUHDWHU WKDQ WKH &66
9%//LYHVHWWLQJ
7KHGHDGOLQHGHDGEXVFRPSDUDWRUJLYHVDQRXWSXWWRWKHVFKHPHORJLFSURYLGHG²
 LWLVHQDEOHGE\VHWWLQJ&66)Q/LQNVELW$WR
DQG
 WKH PHDVXUHG PDJQLWXGHV RI %27+ WKH LQFRPLQJ OLQH DQG EXV YROWV DUH OHVV
WKDQWKH&669%/'HDGVHWWLQJ
7KH8QGHUYROWDJHGHWHFWRUJLYHVDQRXWSXWWRWKHVFKHPHORJLFSURYLGHG
D LI &66 )Q  /LQNV ELW & LV VHW WR  ² WKH PHDVXUHG PDJQLWXGH RI (,7+(5 25
%27+LQFRPLQJYROWDJHVLVOHVVWKDQWKH&668QGHUYROWDJHVHWWLQJ
RU
E LI&66)Q/LQNVELW&LVVHWWR²WKHPHDVXUHGPDJQLWXGHRI%27+LQFRPLQJ
YROWDJHVLVQRWOHVVWKDQWKH&668QGHUYROWDJHVHWWLQJ
7KH'LIIHUHQWLDO9ROWDJHGHWHFWRUJLYHVDQRXWSXWWRWKHVFKHPHORJLFSURYLGHG
D LI &66 )Q /LQNV ELW ( LV VHW WR  ² WKH GLIIHUHQFH EHWZHHQ WKH PHDVXUHG
PDJQLWXGHVRIWKHLQFRPLQJOLQHDQGEXVYROWDJHVLVJUHDWHUWKDQWKH&66'LII
9ROWDJHVHWWLQJ
RU
E LI &66 )Q /LQNV ELW ( LV VHW WR  ² WKH GLIIHUHQFH EHWZHHQ WKH PHDVXUHG
PDJQLWXGHV RI WKH LQFRPLQJ OLQH DQG EXV YROWDJHV LV OHVV WKDQ WKH &66 'LII
9ROWDJHVHWWLQJ
 0HDVXUHPHQW
0HDVXUHPHQWV DUH RQO\ DYDLODEOH LQ UHOD\V LQFOXGLQJ FKHFN V\QFKURQLVP IHDWXUHV
.$96 DQG .$95  7KHVH UHOD\V KDYH WZR YROWDJH WUDQVIRUPHUV IRU PHDVXULQJ OLQH
DQGEXVEDUYROWDJHV
0HDVXUHPHQW LV EDVHG RQ WKH )RXULHU GHULYHG YDOXH RI WKH SRZHU IUHTXHQF\
FRPSRQHQW RI FXUUHQW DQG KDUPRQLFV XS WR DQG LQFOXGLQJ WKH WK DUH VXSSUHVVHG
7KHWKKDUPRQLFLVWKHILUVWSUHGRPLQDQWKDUPRQLFDQGWKLVLVDWWHQXDWHGE\DIDFWRU
RIDOVRKLJKHUKDUPRQLFVDUHIXUWKHUSURJUHVVLYHO\DWWHQXDWHGE\WKHDQWLDOLDVLQJ
ILOWHU  7KLV IHDWXUH HOLPLQDWHV WKH QHHG IRU WKLUG KDUPRQLF UHMHFWLRQ ILOWHUV LQ WKH
5( 6HUYLFH0DQXDO

3DJH .$96

FLUFXLWVRIVHQVLWLYHHDUWKIDXOWUHOD\V7KHIUHTXHQF\UHVSRQVHLVIXUWKHUHQKDQFHGE\
IUHTXHQF\WUDFNLQJWKHPHDVXUHGVLJQDORYHUDUDQJHRI+]WR+]

1 = Fn when non-frequency tracking

= 45 <F< 65Hz when frequency tracking

1 Fourier filter response

Anti-aliasing filter response

0 1 2 3 4 5 6 7 8
Harmonic P2113ENA
P2113ENA

)LJXUH 5HVSRQVHRI)RXULHUILOWHULQJ
:LWKIUHTXHQF\WUDFNLQJWKHVDPSOLQJUDWHRIWKH$'FRQYHUVLRQLVDGMXVWHGWRPDWFK
WKHIUHTXHQF\RIWKHWUDFNHGVLJQDO,QWKHDEVHQFHRIDVLJQDOWRWUDFNWKHVDPSOLQJ
UDWHVHWWOHVWRWKDWGHWHUPLQHGIURPWKHVHWUDWHGIUHTXHQF\)Q,QWKHSUHVHQFHRID
VLJQDOZLWKLQWKHWUDFNLQJUDQJH+]WR+]WKHUHOD\ZLOOORFNRQDQGWKH¶·RQ
WKH KRUL]RQWDO VFDOH LQ )LJXUH  ZLOO FRUUHVSRQG WR WKH FXUUHQW YDOXH RI WKH SRZHU
V\VWHP IUHTXHQF\  7KH UHVXOWLQJ RXWSXW IRU WKH VHFRQG WKLUG IRXUWK ILIWK DQG VL[WK
KDUPRQLFV ZLOO EH ]HUR  )UHTXHQFLHV LQ EHWZHHQ WKH KDUPRQLFV RI DQ\ VLJQLILFDQW
DPSOLWXGH GR QRW JHQHUDOO\ H[LVW RQ WKH SRZHU V\VWHP  +HQFH WKH ILUVW KLJKHU
IUHTXHQF\ WR JLYH DQ RXWSXW LV WKH VHYHQWK DV DOUHDG\ PHQWLRQHG
3KDVH VLJQDOV FRQWDLQ D SUHGRPLQDQW SRZHU IUHTXHQF\ FRPSRQHQW DQG DUH JLYHQ
SUHIHUHQFHIRUIUHTXHQF\WUDFNLQJ7KHQWKHIUHTXHQF\UHVSRQVHZLOOEHUHSUHVHQWHG
E\)LJXUH
)LJXUH  VKRZV WKH UHVSRQVH ZKHQ WUDFNLQJ D VLJQDO ZLWK OLWWOH RU QR IXQGDPHQWDO
SRZHU IUHTXHQF\ FRPSRQHQW  :KHQ WKH VLJQDO LV RXWVLGH WKH IUHTXHQF\ WUDFNLQJ
UDQJH RI  WR +] WKH UHOD\ ZLOO WU\ WR ORFN RQ WR D VXEKDUPRQLF RI WKH VLJQDO
IUHTXHQF\DQGJLYHWKHUHVSRQVHVKRZQ
:KHQ D WUDQVIRUPHU LV HQHUJLVHG DQ DOPRVW SXUH VHFRQG KDUPRQLF FXUUHQW FDQ
DSSHDU LQ WKH QHXWUDO FLUFXLW  0XOWLSROH UHOD\V ZLWK D FRPELQHG HDUWKJURXQG IDXOW
HOHPHQWDUHEHVWVXLWHGWRVXFKDSSOLFDWLRQVEHFDXVHWKHIUHTXHQF\WUDFNLQJZLOOORFN
RQWRWKHSKDVHVLJQDOVZKLFKZLOOEHSUHGRPLQDQWO\DWWKHSRZHUIUHTXHQF\DQGWKH
VHFRQGKDUPRQLFUHVSRQVHZLOOEH]HUR
$OOPHDVXUHPHQWYDOXHVFDQEHGLVSOD\HGRQWKHIURQWRIWKHUHOD\7KHGLVSOD\ZLOO
EH LQ SULPDU\ V\VWHP YDOXHV LI WKH YROWDJH WUDQVIRUPHU UDWLRV DUH HQWHUHG XQGHU
&+(&. 6<1&+ 67*6  7KH GHIDXOW VHWWLQJ IRU WKHVH UDWLRV LV  WKH GLVSOD\HG
VHWWLQJV DQG PHDVXUHG YDOXHV WKHQ EHLQJ LQ WHUPV RI WKH VHFRQGDU\ TXDQWLWLHV IURP
WKHSULPDU\WUDQVGXFHUV
6HUYLFH0DQXDO 5(

.$96 3DJH

P2114ENa
0 100 200 300 400 P2114ENa
Frequency - Hz

)LJXUH )UHTXHQF\UHVSRQVHIRUVLQJOHYROWDJHLQSXW
 $ODUPV
 6FKHPHDODUPV
6FKHPH DODUPV DUH LQGLFDWHG E\ HLWKHU WKH UHG RU DPEHU /(' EHLQJ RQ VWHDG\ RU
IODVKLQJDQGELWLQWKH6<6$ODUPVFHOOLVVHW6HH6HFWLRQDQGEHORZ
 6HOIPRQLWRULQJDODUPV
7KH PRQLWRULQJ FLUFXLWV ZLWKLQ WKH UHOD\ FRQWLQXDOO\ SHUIRUP D VHOI WHVW URXWLQH
$Q\GHWHFWHGORVVRIRSHUDWLRQLQWKHILUVWLQVWDQFHLQLWLDWHVDUHVHWVHTXHQFHWRUHWXUQ
WKH HTXLSPHQW WR D VHUYLFHDEOH VWDWH  ([DPSOHV RI WKLV DUH WKH PDLQ SURFHVVRU WKH
FRPPXQLFDWLRQ SURFHVVRU DQG WKH GLVSOD\ SURFHVVRU  7KH YROWDJH UDLOV DUH DOVR
VXSHUYLVHG DQG WKH SURFHVVRUV DUH UHVHW LI WKH YROWDJH IDOOV RXWVLGH WKHLU ZRUNLQJ
UDQJH  6KRXOG WKH PDLQ SURFHVVRU IDLO DQG QRW UHVWDUW WKH ZDWFKGRJ UHOD\ ZLOO
RSHUDWH WR SURYLGH DQ DODUP  7KLV UHOD\ ZLOO DOVR DODUP ORVV RI WKH DX[LOLDU\
HQHUJLVLQJVXSSO\WRWKHDX[LOLDU\SRZHUHGUHOD\V
,Q DGGLWLRQ WKH PHPRU\ RI WKH UHOD\ LV FKHFNHG IRU SRVVLEOH FRUUXSWLRQ RI GDWD DQG
DQ\GHWHFWHGHUURUVZLOOUHVXOWLQDQDODUPEHLQJJHQHUDWHG$Q$/$50/('LQGLFDWHV
VHYHUDOVWDWHVZKLFKFDQEHLGHQWLILHGE\YLHZLQJWKHDODUPIODJVWKDWDUHWREHIRXQG
LQWKH6<67(0'$7$FROXPQRIWKHPHQXDQGFRQVLVWRIVHYHQFKDUDFWHUVWKDWPD\EH
HLWKHU´µRU´µWRLQGLFDWHWKHVHWDQGUHVHWVWDWHVRIWKHDODUP7KHIODJVRIIHUWKH
IROORZLQJLQGLFDWLRQV
%LWSRVLWLRQ

       
8QFRQILJ  UHOD\QRWRSHUDWLRQDO²QHHGVWREHFRQILJXUHG
8QFDOLE  UHOD\LVUXQQLQJXQFDOLEUDWHG²FDOLEUDWLRQHUURU
6HWWLQJ  UHOD\LVUXQQLQJ²SRVVLEOHVHWWLQJHUURU
1R6HUYLFH  UHOD\LVRXWRIVHUYLFH
1R6DPSOHV  UHOD\QRWVDPSOLQJ
1R)RXULHU  UHOD\QRWSHUIRUPLQJIRXULHU
6FKHPH$ODUP  VHHWKHVFKHPHDODUPVFROXPQRUGHIDXOWGLVSOD\
7HVW:DWFKGRJ

:KHQ DQ\ RI WKH DERYH DODUPV RFFXUV DQ HYHQW LV JHQHUDWHG DW WKH PDVWHU VWDWLRQ
,IPRUHWKDQRQHDODUPRFFXUVDWWKHVDPHWLPHRQO\WKHORZHVWELWSRVLWLRQZLOOEH
VHQWDVWKHHYHQW
5( 6HUYLFH0DQXDO

3DJH .$96

)RUWKHDERYHVHOIPRQLWRULQJDODUPVWKH$0%(5$/$50/('ZLOOEHFRQWLQXRXVO\OLW
WKH DODUP ELW ZLOO EH VHW LQ WKH 67$786 ZRUG DV D UHPRWH DODUP DQG WKH ZDWFKGRJ
UHOD\ZLOORSHUDWH7KHUHLVDQRWKHUIRUPRIDODUPWKDWFDXVHVWKH$0%(5$/$50/('
WRIODVKWKLVLQGLFDWHVWKDWWKHSDVVZRUGKDVEHHQHQWHUHGWRDOORZDFFHVVWRFKDQJH
SURWHFWHGVHWWLQJVZLWKLQWKHUHOD\7KLVGRHVQRWJHQHUDWHDUHPRWHDODUP
7KHDODUPVWDWHFDQEHGHWHUPLQHGYLDWKHPHQXRIWKHUHOD\LQWKH6<6$ODUPVFHOO
(UURU  FRXOG UHVXOW LQ LQFRUUHFW RSHUDWLRQ GXH WR WKH FRQILJXUDWLRQ HUURU VR WKH
DSSOLFDWLRQ VRIWZDUH LV VWRSSHG WKH ZDWFKGRJ UHOD\ JLYHQ DQ DODUP DQG WKH PHQX
ORFNHGZLWKWKHGHIDXOWGLVSOD\VKRZLQJ´8QFRQILJXUHGµ
)RU HUURU  WKH UHOD\ ZLOO FRQWLQXH WR SHUIRUP LWV LQWHQGHG IXQFWLRQ EXW ZLWK VRPH
UHGXFWLRQLQDFFXUDF\
 :DWFKGRJWHVWIHDWXUH
7KH7HVWZDWFKGRJELWFDQEHVHWRUFOHDUHGDVDQRUPDOVHWWLQJ:KHQVHWWRWKH
ZDWFKGRJ UHOD\ GURSV RII WKH DPEHU /(' OLJKWV XS DQG WKH DODUP ELW LQ WKH
FRPPXQLFDWLRQV VWDWXV E\WH LV VHW  :KHQ WKH ELW LV UHVHW WR ]HUR DOO WKHVH IHDWXUHV
UHYHUWWRQRUPDO
 3DVVZRUGSURWHFWLRQ
3DVVZRUG SURWHFWLRQ LV RQO\ SURYLGHG IRU WKH FRQILJXUDWLRQ VHWWLQJV RI WKH UHOD\
7KLV LQFOXGHV 97 UDWLRV V\VWHP DQG FKHFN V\QFKURQLVP IXQFWLRQ OLQN VHWWLQJV RSWR
LQSXW DQG UHOD\ RXWSXW DOORFDWLRQ  $Q\ DFFLGHQWDO FKDQJH WR FRQILJXUDWLRQ FRXOG
VHULRXVO\ DIIHFW WKH DELOLW\ RI WKH UHOD\ WR SHUIRUP LWV LQWHQGHG IXQFWLRQV ZKHUHDV D
VHWWLQJ HUURU PD\ RQO\ FDXVH D JUDGLQJ SUREOHP  ,QGLYLGXDO UHOD\ VHWWLQJV DUH
SURWHFWHGIURPFKDQJHZKHQWKHUHOD\FRYHULVLQSODFH
 6HULDOFRPPXQLFDWLRQ
6HULDO FRPPXQLFDWLRQV DUH VXSSRUWHG RYHU .%XV D PXOWLGURS QHWZRUN WKDW UHDGLO\
LQWHUIDFHV WR ,(& )7 6WDQGDUGV  7KH ODQJXDJH DQG SURWRFRO XVHG IRU
FRPPXQLFDWLRQ LV &RXULHU  ,W KDV EHHQ HVSHFLDOO\ GHYHORSHG WR HQDEOH *HQHULF
0DVWHU 6WDWLRQ 3URJUDPV WR DFFHVV PDQ\ GLIIHUHQW W\SHV RI UHOD\ ZLWKRXW FRQWLQXDO
PRGLILFDWLRQWRWKH0DVWHU6WDWLRQ3URJUDP7KHUHOD\VIRUPDGLVWULEXWHGGDWDEDVH
IRU WKH 0DVWHU 6WDWLRQ DQG PD\ EH SROOHG IRU DQ\ LQIRUPDWLRQ UHTXLUHG
7KLVLQFOXGHV
 0HDVXUHGYDOXHV
 0HQXWH[W
 6HWWLQJVDQGVHWWLQJOLPLWV
 (YHQWUHFRUGV
 'LVWXUEDQFHUHFRUGV
 3ODQWVWDWXV
 &RQWURO VWDWXV ² D  ELW ZRUG ZKHUHLQ WKH LQGLYLGXDO ELWV DUH DVVLJQHG LQ WKH
ODGGHUGLDJUDP
 6WDWXV ² DQ HLJKW ELW ZRUG WKDW LGHQWLILHV WKH WULS DQG DODUP VWDWH EXV\ VWDWH
DOVRWKHSUHVHQFHRIHYHQWDQGGLVWXUEDQFHUHFRUGVIRUFROOHFWLRQ
6HUYLFH0DQXDO 5(

.$96 3DJH

 7LPHWDJJHGHYHQWUHFRUGV
$QHYHQWPD\EHDFKDQJHRIVWDWHRIDQRSWRLQSXWRUDQRXWSXWUHOD\RUDVHWWLQJ
WKDWKDVEHHQFKDQJHGORFDOO\$WRWDORIHYHQWVPD\EHVWRUHGLQDEXIIHUHDFK
ZLWK DQ DVVRFLDWHG WLPH WDJ  7KH WLPH WDJ LV WKH YDOXH RI D WLPHU FRXQWHU WKDW LV
LQFUHPHQWHGHYHU\PLOOLVHFRQG
7KHHYHQWUHFRUGVFDQEHDFFHVVHGYLDWKHVHULDOFRPPXQLFDWLRQSRUWZKHQWKHUHOD\
LV FRQQHFWHG WR D VXLWDEOH PDVWHU VWDWLRQ  :KHQ WKH UHOD\ LV QRW FRQQHFWHG WR D
PDVWHUVWDWLRQWKHHYHQWUHFRUGVFDQVWLOOEHH[WUDFWHGZLWKLQFHUWDLQOLPLWDWLRQV
 7KH HYHQW UHFRUGV FDQ EH UHDG YLD WKH VHULDO FRPPXQLFDWLRQ SRUW DQG D .
%XV,(&LQWHUIDFHXQLWZLOOEH UHTXLUHG WR HQDEOH WKH VHULDO SRUW WR EH
FRQQHFWHG WR DQ ,%0 RU FRPSDWLEOH 3&  6XLWDEOH VRIWZDUH ZLOO EH UHTXLUHG WR
UXQRQWKH3&VRWKDWWKHUHFRUGVFDQEHH[WUDFWHG
 :KHQWKHHYHQWEXIIHUEHFRPHVIXOOWKHROGHVWUHFRUGLVRYHUZULWWHQE\WKHQH[W
HYHQW
 5HFRUGVDUHGHOHWHGZKHQWKHDX[LOLDU\VXSSO\WRWKHUHOD\LVUHPRYHGWRHQVXUH
WKDW WKH EXIIHU GRHV QRW FRQWDLQ LQYDOLG GDWD  'XDO SRZHUHG UHOD\V DUH PRVW
OLNHO\WREHDIIHFWHG
 7KHWLPHWDJZLOOEHYDOLGIRUGD\VDVVXPLQJWKDWWKHDX[LOLDU\VXSSO\KDVQRW
EHHQORVWZLWKLQWKDWWLPH+RZHYHUWKHUHPD\EHDQHUURURI“VHFRQGVLQ
HYHU\  KRXU SHULRG GXH WR WKH DFFXUDF\ OLPLWV RI WKH FU\VWDO  7KLV LV QRW D
SUREOHP ZKHQ D PDVWHU VWDWLRQ LV RQ OLQH DV WKH UHOD\V ZLOO XVXDOO\ EH SROOHG
RQFHHYHU\VHFRQGRUVR
(YHQWVWKDWDUHUHFRUGHGLQFOXGH
 &KDQJHLQVWDWHRIRSWRLQSXWV
 &KDQJHLQVWDWHRIUHOD\RXWSXWV
 &KDQJHWRVHWWLQJVPDGHORFDOO\
 $ODUPPHVVDJHV
,WHPVDQGPD\EHGHOHWHGIURPWKHHYHQWV
 'LVWXUEDQFH5HFRUGV
7KHLQWHUQDOGLVWXUEDQFHUHFRUGHUKDVRQHFKDQQHODOORFDWHGWRHDFKRIWKHPHDVXUHG
DQDORJXH TXDQWLWLHV RQH WR UHFRUG WKH HLJKW FRQWURO LQSXWV RQH WR UHFRUG WKH HLJKW
UHOD\RXWSXWV$VZLWKWKHHYHQWUHFRUGHUZKHQWKHEXIIHULVIXOOWKHROGHVWUHFRUGLV
RYHUZULWWHQ DQG UHFRUGV DUH GHOHWHG LI WKH DX[LOLDU\ VXSSO\ WR WKH UHOD\ LV UHPRYHG
7KLVHQVXUHVWKDWZKHQWKHEXIIHULVUHDGWKHFRQWHQWVZLOODOOEHYDOLG
7KHGLVWXUEDQFHUHFRUGHULVVWRSSHGDQGWKHUHFRUGIUR]HQDVHWWLPHDIWHUDVHOHFWHG
WULJJHU KDV EHHQ DFWLYDWHG  )RU H[DPSOH D SURWHFWLRQ WULS FRPPDQG FRXOG EH WKH
VHOHFWHGWULJJHUDQGWKHGHOD\ZRXOGWKHQVHWWKHGXUDWLRQRIWKHWUDFHDIWHUWKHIDXOW
(DFKVDPSOHKDVDWLPHWDJDWWDFKHGWRLWVRWKDWZKHQWKHZDYHIRUPLVUHFRQVWLWXWHG
LWFDQEHSORWWHGDWWKHFRUUHFWSRLQWDJDLQVWWKHWLPHVFDOHWKXVHQVXULQJWKDWWKHWLPH
EDVHLVFRUUHFWDQGLQGHSHQGHQWRIWKHIUHTXHQF\7KH.6HULHVUHOD\VPHDVXUHHLJKW
VDPSOHV SHU F\FOH EXW WKH PHWKRG RI UHFRUGLQJ DOORZV WKH DQDO\VLV SURJUDP WR
SHUIRUPZLWKUHFRUGVWKDWPD\KDYHDGLIIHUHQWVDPSOHUDWH
7KHGLVWXUEDQFHUHFRUGHUVFDQRQO\EHDFFVVHGYLDWKHVHULDOFRPPXQLFDWLRQVSRUWV
5( 6HUYLFH0DQXDO

3DJH .$96

 5HPRWHFRQWUROIXQFWLRQV
&RQWUROIXQFWLRQVWKDWDIIHFWWKHUHOD\DQGWKDWFDQEHSHUIRUPHGRYHUWKHVHULDOOLQN
LQFOXGHWKHFKDQJHRILQGLYLGXDOUHOD\VHWWLQJVDQGIXQFWLRQVLQWKHVFKHPHORJLFWKDW
DUHGHILQHGLQWKHODGGHUGLDJUDP
 1RWHVRQVHULDOSRUW
(DFK UHOD\ LQ WKH .6HULHV KDV D VHULDO FRPPXQLFDWLRQ SRUW FRQILJXUHG WR .%XV
6WDQGDUGV
.%XVLVDFRPPXQLFDWLRQLQWHUIDFHDQGSURWRFROGHVLJQHGWRPHHWWKHUHTXLUHPHQWV
RI FRPPXQLFDWLRQ ZLWK SURWHFWLYH UHOD\V DQG WUDQVGXFHUV ZLWKLQ WKH SRZHU V\VWHP
VXEVWDWLRQ HQYLURQPHQW  ,W KDV WR EH DV UHOLDEOH DV WKH SURWHFWLYH UHOD\V WKHPVHOYHV
DQG PXVW QRW UHVXOW LQ WKHLU SHUIRUPDQFH EHLQJ GHJUDGHG LQ DQ\ ZD\  +HQFH HUURU
FKHFNLQJDQGQRLVHUHMHFWLRQKDVEHHQDPDMRUFRQFHUQLQLWVGHVLJQ
7KHFRPPXQLFDWLRQSRUWLVEDVHGRQ56YROWDJHWUDQVPLVVLRQDQGUHFHSWLRQOHYHOV
ZLWKJDOYDQLFLVRODWLRQSURYLGHGE\DWUDQVIRUPHU$SROOHGSURWRFROLVXVHGDQGQR
UHOD\ XQLW LV DOORZHG WR WUDQVPLW XQOHVV LW UHFHLYHV D YDOLG PHVVDJH ZLWKRXW DQ\
GHWHFWHGHUURUDGGUHVVHGWRLW7UDQVPLVVLRQLVV\QFKURQRXVRYHUDSDLURIVFUHHQHG
ZLUHVDQGWKHGDWDLV)0FRGHGZLWKWKHFORFNVLJQDOWRUHPRYHDQ\GFFRPSRQHQW
WRHQDEOHWKHVLJQDOWRSDVVWKURXJKWKHWUDQVIRUPHUV7KLVPHWKRGRIHQFRGLQJWKH
GDWDUHVXOWVLQWKHSRODULW\RIWKHFRQQHFWLRQWRWKHEXVZLULQJEHLQJXQLPSRUWDQW
:LWKWKHH[FHSWLRQRIWKHPDVWHUXQLWVHDFKQRGHLQWKHQHWZRUNLVSDVVLYHDQGDQ\
IDLOHGXQLWRQWKHV\VWHPZLOOQRWLQWHUIHUHZLWKFRPPXQLFDWLRQWRWKHRWKHUXQLWV7KH
IUDPHIRUPDWLV+'/&DQGWKHGDWDUDWHLVNELWVVHFRQG8SWRXQLWVPD\EH
FRQQHFWHGWRDQ\EXVDWDQ\SRLQWRYHUDPD[LPXPOHQJWKRIPHWUHV
 1RWHVRQVHFXULW\RIUHPRWHFRQWUROYLDWKHVHULDOSRUW
$FFHVVWRWKHPHPRU\RIWKHUHOD\LVUHVWULFWHGWRWKDWDGGUHVVHGYLDWKHPHQXV\VWHP
RIWKHUHOD\,QDGGLWLRQDOOVHWWLQJFKDQJHVDUHUHIOH[HGEDFNWRWKHPDVWHUVWDWLRQIRU
YHULILFDWLRQ EHIRUH WKH (;(&87( FRPPDQG LV LVVXHG  2Q UHFHSWLRQ RI WKH H[HFXWH
FRPPDQGWKHQHZVHWWLQJLVFKHFNHGDJDLQVWWKHOLPLWVVWRUHGLQWKHUHOD\EHIRUHWKH\
DUHHQWHUHG2QO\WKHQGRHVWKHUHOD\UHVSRQGWRWKHQHZVHWWLQJ
$OOUHPRWHFRPPDQGVDUHUHIOH[HGEDFNWRWKHPDVWHUVWDWLRQIRUYHULILFDWLRQEHIRUH
WKH\DUHH[HFXWHGDQGDQ\FRPPDQGOHIWVHWLVDXWRPDWLFDOO\UHMHFWHGLIQRWH[HFXWHG
ZLWKLQ WKH WLPHRXW SHULRG  1R UHSOLHV DUH SHUPLWWHG IRU JOREDO FRPPDQGV DV WKLV
ZRXOG FDXVH FRQWHQWLRQ RQ WKH EXV LQVWHDG D GRXEOH VHQG LV XVHG IRU YHULILFDWLRQ
SXUSRVHVZLWKWKLVW\SHRIFRPPDQG
5HPRWH FRQWURO LV UHVWULFWHG WR WKRVH IXQFWLRQV WKDW KDYH EHHQ VHOHFWHG LQ WKH UHOD\·V
PHQX WDEOH DQG WKH VHOHFWLRQ FDQ QRW EH FKDQJHG ZLWKRXW HQWHULQJ WKH SDVVZRUG
&5&DQGPHVVDJHOHQJWKFKHFNVDUHXVHGRQHDFKPHVVDJHUHFHLYHG1RUHVSRQVH
LVJLYHQIRUUHFHLYHGPHVVDJHVZLWKDGHWHFWHGHUURU7KHPDVWHUVWDWLRQFDQEHVHWWR
UHWUDQVPLWDFRPPDQGDVHWQXPEHURIWLPHVLILWGRHVQRWUHFHLYHDUHSO\RUUHFHLYHV
DUHSO\ZLWKDGHWHFWHGHUURU
6HUYLFH0DQXDO 5(

.$96 3DJH

 (;7(51$/&211(&7,216
6WDQGDUGFRQQHFWLRQWDEOH

)XQFWLRQ 7HUPLQDO )XQFWLRQ

(DUWK7HUPLQDO     1RW8VHG
:DWFKGRJ5HOD\ E   P :DWFKGRJ5HOD\
%UHDNFRQWDFW     0DNHFRQWDFW
9)LHOG9ROWDJH >@   >@ 9)LHOG9ROWDJH
1RW8VHG   1RW8VHG
1RW8VHG   1RW8VHG
$X[LOLDU\9ROWDJH,QSXW     $X[LOLDU\9ROWDJH,QSXW
1RW8VHG   1RW8VHG
/LQH9ROWDJH ,Q   2XW /LQH9ROWDJH
%XVEDU9ROWDJH ,Q   2XW %XVEDU9ROWDJH
1RW8VHG   1RW8VHG
1RW8VHG   1RW8VHG
1RW8VHG   1RW8VHG
1RW8VHG   1RW8VHG
2XWSXW5HOD\     2XWSXW5HOD\
 
2XWSXW5HOD\     2XWSXW5HOD\
 
2XWSXW5HOD\     2XWSXW5HOD\
 
2XWSXW5HOD\     2XWSXW5HOD\
 
2SWR&RQWURO,QSXW/     2SWR&RQWURO,QSXW/
2SWR&RQWURO,QSXW/     2SWR&RQWURO,QSXW/
2SWR&RQWURO,QSXW/     2SWR&RQWURO,QSXW/
2SWR&RQWURO,QSXW/     &RPPRQ///
2SWR&RQWURO,QSXW/     .%XV6HULDO3RUW
&RPPRQ/////     .%XV6HULDO3RUW

.H\WRFRQQHFWLRQWDEOHV

>@DQG>@ LQGLFDWHWKHSRODULW\RIWKHGFRXWSXWIURPWKHVHWHUPLQDOV
DQG LQGLFDWHWKHSRODULW\RIWKHDSSOLHGGFVXSSO\
,Q2XW WKHVLJQDOGLUHFWLRQIRUWKHLQSKDVHFRQGLWLRQ
1RWH $OO UHOD\V KDYH VWDQGDUG 0LGRV WHUPLQDO EORFNV WR ZKLFK
FRQQHFWLRQV FDQ EH PDGH ZLWK HLWKHU PP RU PP SUH
LQVXODWHGVQDSRQFRQQHFWRUV7ZRFRQQHFWLRQVFDQEHPDGHWR
HDFKWHPLQDO
5( 6HUYLFH0DQXDO

3DJH .$96

 $X[LOLDU\VXSSO\
7KHDX[LOLDU\YROWDJHPD\EHDFRUGFSURYLGHGLWLVZLWKLQWKHOLPLWLQJYROWDJHVIRUWKH
SDUWLFXODUUHOD\7KHYROWDJHUDQJHZLOOEHIRXQGRQWKHIURQWSODWHRIWKHUHOD\LWLV
PDUNHG 9[   ² 9 RU  ² 9  $Q LGHDO VXSSO\ WR XVH IRU WHVWLQJ WKH
UHOD\VZLOOEH9GFRU9DFEHFDXVHWKHVHYDOXHVIDOOZLWKLQERWKRIWKHDX[LOLDU\
YROWDJHUDQJHV
7KH VXSSO\ VKRXOG EH FRQQHFWHG WR WHUPLQDOV  DQG  RQO\  7R DYRLG DQ\
FRQIXVLRQ LW LV UHFRPPHQGHG WKDW WKH SRODULW\ RI DQ\ DSSOLHG YROWDJH LV NHSW WR WKH
0LGRVVWDQGDUG
)RU GF VXSSOLHV WKH SRVLWLYH OHDG FRQQHFWHG WR WHUPLQDO  DQG WKH QHJDWLYH WR
WHUPLQDO
)RU DF VXSSOLHV WKH OLYH OHDG LV FRQQHFWHG WR WHUPLQDO  DQG WKH QHXWUDO OHDG WR
WHUPLQDO
1RWH 7R DYRLG GDPDJH WR WKH UHOD\ GR QRW FRQQHFW DQ\ DX[LOLDU\
VXSSOLHVWRWHUPLQDOVDQG
 2SWRLVRODWHGFRQWUROLQSXWV
7KH RSWRLVRODWHG FRQWURO LQSXWV DUH UDWHG IRU 9 DQG HQHUJLVHG IURP WKH LVRODWHG
9ILHOGYROWDJHSURYLGHGRQWHUPLQDOVDQGRIWKHUHOD\7HUPLQDO²PXVWEH
FRQQHFWHG WR WHUPLQDOV  DQG   7KH RSWRLVRODWHG FRQWURO LQSXWV FDQ WKHQ EH
HQHUJLVHGE\FRQQHFWLQJDYROWIUHHFRQWDFWEHWZHHQWHUPLQDODQGWKHWHUPLQDO
DVVRFLDWHGZLWKWKHUHTXLUHGLQSXW/WR/JLYHQLQWKHDERYHWDEOH
7KH FLUFXLW IRU HDFK RSWRLVRODWHG LQSXW FRQWDLQV D EORFNLQJ GLRGH WR SURWHFW LW IURP
DQ\GDPDJHWKDWPD\UHVXOWIURPWKHDSSOLFDWLRQRIYROWDJHZLWKLQFRUUHFWSRODULW\

L0 46 46
L0
48 48
L1 L1
50 50 L2
L2
52 52

X Y

_ 8 8 _
48V 48V
7 7
+ +
P2115ENa Relay 1 Common line Relay 2 P2115ENa

)LJXUH &RQQHFWLRQWRRSWRLVRODWHGFRQWUROLQSXWV
:KHUHWKHRSWRLVRODWHGLQSXWRIPRUHWKDQRQHUHOD\LVWREHFRQWUROOHGE\WKHVDPH
FRQWDFW LW ZLOO EH QHFHVVDU\ WR FRQQHFW WHUPLQDO  RI HDFK UHOD\ WRJHWKHU WR IRUP D
FRPPRQOLQH,QWKHH[DPSOHVKRZQLQ)LJXUHFRQWDFW; RSHUDWHV / RI UHOD\ 
DQGFRQWDFW<RSHUDWHV/RIUHOD\DVZHOODV//RIUHOD\/LVQRWXVHGRQ
HLWKHUUHOD\DQGKDVQRFRQQHFWLRQVPDGHWRLW
 $QDORJXHLQSXWV
.$96UHOD\VKDYHWZRDQDORJXHLQSXWVRQWKHPLFURSURFHVVRUERDUG(DFKLVIHGYLD
DQ LQSXW WUDQVGXFHU D ORZ SDVV ILOWHU DQG D WKUHH UDQJH VFDOLQJ DPSOLILHU  7KH
DQDORJXHVLJQDOVDUHVDPSOHGHLJKWWLPHVSHUF\FOHRQHDFKFKDQQHODVWKHVDPSOLQJ
UDWHWUDFNVWKHIUHTXHQF\RIWKHLQSXWVLJQDO
6HUYLFH0DQXDO 5(

.$96 3DJH

7KHZLGHVHWWLQJUDQJHSURYLGHGLVVXIILFLHQWWRHQDEOHWKHUHOD\VWRRSHUDWHRYHUWKH
YROWDJHUDQJH9WR97KXVWKHVDPHUHOD\FDQEHFRQQHFWHGSKDVHWRSKDVHRU
SKDVHWRQHXWUDO
 2XWSXWUHOD\V
7KHUHDUHIRXUSURJUDPPDEOHRXWSXWUHOD\VRQWKHPLFURSURFHVVRUERDUGDQGIRXURQ
WKHDX[LOLDU\H[SDQVLRQERDUG7KHVHUHOD\VHDFKKDYHWZRPDNHFRQWDFWVFRQQHFWHG
LQ VHULHV WR LQFUHDVH WKHLU UDWLQJ  7KH IXQFWLRQV WR ZKLFK WKHVH UHOD\V UHVSRQG DUH
VHOHFWDEOHYLDWKHPHQXV\VWHPRIWKHUHOD\
,Q DGGLWLRQ WKHUH LV D ZDWFKGRJ UHOD\ ZKLFK KDV RQH PDNH DQG RQH EUHDN FRQWDFW
7KXVLWFDQLQGLFDWHERWKKHDOWK\DQGIDLOHGFRQGLWLRQV$VWKHVHFRQWDFWVDUHPDLQO\
XVHG IRU DODUP SXUSRVHV VLQJOH FRQWDFWV DUH XVHG DQG WKHLU UDWLQJ LV WKHUHIRUH QRW
TXLWHDVKLJKDVWKDWRIWKHSURJUDPPDEOHRXWSXWV
7KHWHUPLQDOQXPEHUVIRUWKHRXWSXWUHOD\FRQWDFWVDUHJLYHQLQWKHWDEOHDWWKHVWDUW
RI6HFWLRQ

54
56

P1069ENa
P2116ENa

)LJXUH 7HUPLQDODUUDQJHPHQWIRUFRPPXQLFDWLRQV
 6HULDOFRPPXQLFDWLRQSRUW.%XV
&RQQHFWLRQWRWKH.%XV3RUWLVE\VWDQGDUG0LGRVPPVFUHZWHUPLQDOVRUVQDSRQ
FRQQHFWRUV$WZLVWHGSDLURIZLUHVLVDOOWKDWLVUHTXLUHGWKHSRODULW\RIFRQQHFWLRQLV
QRW LPSRUWDQW  ,W LV UHFRPPHQGHG WKDW DQ RXWHU VFUHHQ LV XVHG ZLWK DQ HDUWK
FRQQHFWHGWRWKHVFUHHQDWWKH0DVWHU6WDWLRQHQGRQO\7HUPLQDWLRQRIWKHVFUHHQLV
HIIHFWHGZLWKWKH´8µVKDSHGWHUPLQDOVXSSOLHGDQGZKLFKKDVWREH VHFXUHG ZLWK D
VHOIWDSSLQJVFUHZLQWKHKROHLQWKHWHUPLQDOEORFNMXVWEHORZWHUPLQDO2SHUDWLRQ
KDVEHHQWHVWHGXSWRPHWUHVZLWKFDEOHWR
− '()6WDQGDUGF
− PPGLD
− PΩPSHUFRUH
− SIPFRUHFRUH
− SIPFRUHVFUHHQ
7KH PLQLPXP UHTXLUHPHQW WR FRPPXQLFDWH ZLWK WKH UHOD\ LV D .%XV,(&
FRQYHUWHU ER[ 7\SH .,7= DQG VXLWDEOH VRIWZDUH WR UXQ RQ DQ ,%0 RU FRPSDWLEOH
SHUVRQDOFRPSXWHU
5( 6HUYLFH0DQXDO

3DJH .$96

 86(5,17(5)$&(
7KHLQWHUIDFHSURYLGHVWKHXVHUZLWKDPHDQVRIHQWHULQJVHWWLQJVWRWKHUHOD\DQGRI
LQWHUURJDWLQJWKHUHOD\VWRUHWULHYHUHFRUGHGGDWD
 )URQWSODWHOD\RXW

Model number
Relay types

KAVS100001012AE
No P967701

Made in UK Serial number

Liquid
crystal
display

FEDCBA9876543210
LED indicators
Digit identifiers

Entry keys

F + - 0

Ratings
In 1 A V 110/12 V
Vn 11 V 50/60 Hz

P2117ENa
P1070ENa

)LJXUH )URQWSODWHOD\RXW
7KH IURQW SODWH RI WKH UHOD\ FDUULHV DQ LGHQWLILFDWLRQ ODEHO DW WKH WRS FRUQHU
7KLV LGHQWLILHV WKH UHOD\ E\ ERWK LWV PRGHO QXPEHU DQG VHULDO QXPEHU
7KLV LQIRUPDWLRQ LV UHTXLUHG ZKHQ PDNLQJ DQ\ HQTXLU\ WR WKH IDFWRU\ DERXW D
SDUWLFXODUUHOD\EHFDXVHLWXQLTXHO\VSHFLILHVWKHSURGXFW,QDGGLWLRQWKHUHLVDUDWLQJ
ODEHOLQWKHERWWRPFRUQHUZKLFKJLYHVGHWDLOVRIWKHDX[LOLDU\YROWDJHUDWLQJ
7ZR KDQGOHV RQH DW WKH WRS DQG RQH DW WKH ERWWRP RI WKH IURQW SODWH ZLOO DVVLVW LQ
UHPRYLQJWKHPRGXOHIURPWKHFDVH7KUHHOLJKWHPLWWLQJGLRGHVOHGVSURYLGHVWDWXV
LQGLFDWLRQDQGLQDGGLWLRQWKHUHPD\EHDOLTXLGFU\VWDOGLVSOD\DQGDIRXUNH\SDGIRU
DFFHVVWRVHWWLQJVDQGRWKHUUHDGDEOHGDWD
 /('LQGLFDWLRQV
7KHWKUHH/('·VSURYLGHWKHIROORZLQJIXQFWLRQV
*5((1/(' ,QGLFDWHVWKHUHOD\LVSRZHUHGXSDQGUXQQLQJ,QPRVWFDVHVLW
IROORZVWKHZDWFKGRJUHOD\
<(//2:/('  ,QGLFDWHVDODUPFRQGLWLRQVWKDWKDYHEHHQGHWHFWHGE\WKH
UHOD\GXULQJLWVVHOIFKHFNLQJURXWLQH
 )ODVKHVZKHQWKHSDVVZRUGLVHQWHUHGSDVVZRUG
LQKLELWLRQWHPSRUDULO\RYHUULGGHQ
 ,QGLFDWHVDODUPFRQGLWLRQVGHILQHGLQVFKHPHORJLFKDYH
RFFXUUHG
6HUYLFH0DQXDO 5(

.$96 3DJH

5('/(' ,QGLFDWHVDODUPFRQGLWLRQVGHILQHGLQVFKHPHORJLFKDYH

RFFXUUHG
 .H\SDG
)RXU NH\V RQ WKH IURQW SODWH RI WKH UHOD\ HQDEOH WKH XVHU WR VHOHFW WKH GDWD WR EH
GLVSOD\HGDQGVHWWLQJVWREHFKDQJHG7KHNH\VSHUIRUPWKHIROORZLQJIXQFWLRQV²
>)@ ² )81&7,216(/(&7.(<
>@ ² ,1&5(0(179$/8(.(<
>²@ ² '(&5(0(179$/8(.(<
>@ ² 5(6(7(6&$3(.(<
 /LTXLGFU\VWDOGLVSOD\
7KH OLTXLG FU\VWDO GLVSOD\ /&' KDV WZR OLQHV HDFK RI VL[WHHQ FKDUDFWHUV WKDW DUH
XVHGWRGLVSOD\VHWWLQJVPHDVXUHGYDOXHV DQGUHFRUGVZKLFKDUHH[WUDFWHG IURP WKH
UHOD\V·GDWDEDQN$EDFNOLJKWLVDFWLYDWHGZKHQDQ\RIWKHNH\VRQWKHIURQWSODWHRI
WKHUHOD\LVPRPHQWDULO\SUHVVHG7KLVHQDEOHVWKHGLVSOD\WREHUHDGLQDOOFRQGLWLRQV
RIDPELHQWOLJKWLQJ
7KHQXPEHUVSULQWHGRQWKHIURQWSODWH MXVW EHORZ WKH GLVSOD\ LGHQWLI\ WKH LQGLYLGXDO
GLJLWVWKDWDUHGLVSOD\HGIRUVRPHRIWKHVHWWLQJVLHIXQFWLRQOLQNVUHOD\PDVNVHWF
5( 6HUYLFH0DQXDO

3DJH .$96

 0(186<67(0
'DWD ZLWKLQ WKH UHOD\V LV DFFHVVHG YLD D 0(18 WDEOH  7KH WDEOH LV GLYLGHG LQWR
FROXPQVDQGURZVWRIRUPFHOOVUDWKHUOLNHDVSUHDGVKHHW(DFKFHOOPD\FRQWDLQWH[W
YDOXHV OLPLWV DQG IXQFWLRQV  7KH ILUVW FHOO LQ D FROXPQ FRQWDLQV D KHDGLQJ ZKLFK
LGHQWLILHVWKHGDWDJURXSHGRQWKDWFROXPQ

Col. 1 Col. 2 Col. 3 Col. 4 Col. 5

F F F F F
LONG LONG LONG LONG LONG

F SHORT F SHORT F SHORT F SHORT F SHORT

P2118ENa

)LJXUH 0HQXV\VWHPRIUHOD\
)RXU NH\V RQ WKH IURQW SODWH RI WKH UHOD\ DOORZ WKH PHQX WR EH VFDQQHG DQG WKH
FRQWHQWV GLVSOD\HG RQ D WZR OLQH E\ VL[WHHQ FKDUDFWHU OLTXLG FU\VWDO GLVSOD\ /&'
7KHDFWRIGHSUHVVLQJDQ\NH\ZLOOUHVXOWLQWKH/&'EDFNOLJKWEHLQJVZLWFKHGRQ7KH
EDFNOLJKWZLOOWXUQRIIDJDLQLIDNH\LVQRWSUHVVHGDJDLQZLWKLQRQHPLQXWH
7KH GLVSOD\ ZLOO QRUPDOO\ EH WKH VHOHFWHG GHIDXOW VHWWLQJ DQG D ORQJ SUHVV RI WKH
IXQFWLRQNH\>)@ZLOOFKDQJHWKHGLVSOD\WRWKHKHDGLQJIRU WKH ILUVW FROXPQ 6<67(0
'$7$)XUWKHUPRPHQWDU\SUHVVHVRIWKH>)@NH\ZLOOVWHSGRZQWKHFROXPQURZE\
URZVRWKDWGDWDPD\EHUHDG,IDWDQ\WLPHWKH>)@NH\LVSUHVVHGDQGKHOGIRURQH
VHFRQGWKHFXUVRUZLOOEHPRYHGWRWKHWRSRIWKHQH[WFROXPQDQGWKHKHDGLQJIRU
WKDW FROXPQ ZLOO EH GLVSOD\HG  )XUWKHU PRPHQWDU\ SUHVVHV RI WKH >)@ NH\ ZLOO WKHQ
PRYHGRZQWKHQHZFROXPQURZE\URZ,QWKLVZD\WKHIXOOPHQXRIWKHUHOD\PD\
EHVFDQQHGZLWKMXVWRQHNH\WKH>)@NH\DQGWKLVNH\LVDFFHVVLEOHZLWKWKHFRYHULQ
SODFHRQWKHUHOD\
7KH RWKHU NH\ WKDW LV DFFHVVLEOH ZLWK WKH FRYHU LQ SODFH LV WKH UHVHW NH\ >@
$ PRPHQWDU\ SUHVV RI WKLV NH\ ZLOO VZLWFK RQ WKH EDFN OLJKW IRU WKH /&' ZLWKRXW
FKDQJLQJWKHGLVSOD\LQDQ\ZD\
7RFKDQJHDQ\VHWWLQJWKHFRYHUKDVWREHUHPRYHGIURPWKHUHOD\WRJDLQDFFHVVWR
WKH>@DQG>²@NH\VZKLFKDUHXVHGWRLQFUHPHQWRUGHFUHPHQWDVHWWLQJ YDOXH RU
UHVHWDFRXQWHUYDOXHWR]HUR:KHQD FROXPQKHDGLQJLVGLVSOD\HGWKH>²@NH\ZLOO
FKDQJHWKHGLVSOD\WRWKHQH[WFROXPQDQGWKH>@NH\ZLOOFKDQJHWKHGLVSOD\WRWKH
SUHYLRXVFROXPQJLYLQJDIDVWHUVHOHFWLRQ
6HUYLFH0DQXDO 5(

.$96 3DJH

:KHQ D FHOO FRQWDLQLQJ D UHOD\ VHWWLQJ LV GLVSOD\HG WKH DFWLRQ RI SUHVVLQJ HLWKHU WKH
>@RU>²@NH\VZLOOLQGLFDWHWRWKHUHOD\WKDWDYDOXHLVWREHFKDQJHGDQGDIODVKLQJ
FXUVRUZLOODSSHDURQWKHGLVSOD\7RHVFDSHIURPWKHVHWWLQJPRGHZLWKRXWPDNLQJ
DQ\FKDQJHWKH>@NH\VKRXOGEHGHSUHVVHGIRURQHVHFRQG)RULQVWUXFWLRQRQKRZ
WRFKDQJHWKHYDULRXVW\SHVRIVHWWLQJVUHIHUWR6HFWLRQ
 0HQXFRQWHQWV
5HODWHG GDWD DQG VHWWLQJV DUH JURXSHG WRJHWKHU LQ VHSDUDWH FROXPQV RI WKH PHQX
(DFK FROXPQ KDV D WH[W KHDGLQJ WKDW LGHQWLILHV WKH GDWD FRQWDLQHG LQ WKDW FROXPQ
(DFKFHOOPD\FRQWDLQWH[WYDOXHVOLPLWVDQGRUDIXQFWLRQ7KHFHOOVDUHUHIHUHQFHG
E\WKHFROXPQQXPEHUURZQXPEHU)RUH[DPSOHLVFROXPQURZ
7KHIXOOPHQXLVJLYHQLQWKHIROORZLQJQRWHVEXWQRWDOOWKHLWHPVZLOOEHDYDLODEOHLQD
SDUWLFXODU UHOD\  7KRVH FHOOV WKDW GR QRW SURYLGH DQ\ XVHIXO SXUSRVH DUH QRW PDGH
DYDLODEOH LQ WKH IDFWRU\ FRQILJXUDWLRQ WR DYRLG WKH FRQIXVLRQ WKDW ZRXOG RFFXU LQ
GHFLGLQJZKDWYDOXHVWRVHWWKHPWR,QDVLPLODUZD\FHUWDLQVHWWLQJVZLOOGLVDSSHDU
IURPWKHPHQXZKHQWKHXVHUGHVHOHFWVWKHP
7KHPHQXFHOOVWKDWDUHUHDGRQO\DUHPDUNHG>5($'@
&HOOVWKDWFDQEHVHWDUHPDUNHG>6(7@
&HOOVWKDWFDQEHUHVHWDUHPDUNHG>5(6(7@
&HOOVWKDWDUHSDVVZRUGSURWHFWHGDUHPDUNHG>3:3@
 6\VWHP'DWD

 6<63DVVZRUG 3DVVZRUG>3:3@

 6<6)Q/LQNV )XQFWLRQ/LQNV>3:3@
/,1.>6<65HP&KJ6WJ@  (QDEOHUHPRWHVHWWLQJFKDQJHV
/,1.>6<6(Q/RJ(YWV@  (QDEOHDOOHYHQWUHFRUGVWREHVWRUHG
 6<6'HVFULSWLRQ 'HVFULSWLRQRUXVHUVFKHPHLGHQWLILHU
>3:3@
 6<63ODQW5HI 8VHUSODQWORFDWLRQLGHQWLILHU>3:3@
 6<60RGHO1R 0RGHOQXPEHU>5($'@
 6<6)LUPZDUH1R )LUPZDUH1XPEHU>5($'@
 6<66HULDO1R 6HULDOQXPEHU>5($'@
 6<6)UHTXHQF\ )UHTXHQF\>6(7@
$ 6<6&RPPV/HYHO &RPPXQLFDWLRQOHYHO>5($'@
% 6<65O\$GGUHVV &RPPXQLFDWLRQDGGUHVV>6(7@
& 6<63ODQW6WDWXV 3ODQW6WDWXV>5($'@
' 6<6&WUO6WDWXV &RQWURO6WDWXV>5($'@
 6<66RIWZDUH5HI 5HIHUHQFHQXPEHURIWKHRSHUDWLQJ
V\VWHPVRIWZDUH>5($'@
 6<6/DGGHU5HI 5HIHUHQFHQXPEHURIWKHODGGHUGLDJUDP
VRIWZDUH>5($'@
 6<62SWR6WDWXV 6WDWXVRIWKHRSWRLQSXWV>5($'@
 6<65HOD\6WDWXV 6WDWXVRIWKHUHOD\RXWSXWV>5($'@
 6<6$ODUPV 6WDWHRIDODUPVELWVWR>5($'@WHVW
ZDWFKGRJELW>6(7@
5( 6HUYLFH0DQXDO

3DJH .$96

6<63DVVZRUG>3:3@
7KHVHOHFWHGFRQILJXUDWLRQRIWKHUHOD\LVORFNHGXQGHUWKLVSDVVZRUGDQGFDQQRWEH
FKDQJHGXQWLOLWKDVEHHQHQWHUHG3URYLVLRQKDVEHHQPDGHIRUWKHXVHUWRFKDQJH
WKHSDVVZRUGZKLFKPD\FRQVLVWRIIRXUXSSHUFDVHOHWWHUVLQDQ\FRPELQDWLRQ,QWKH
HYHQW RI WKH SDVVZRUG EHFRPLQJ ORVW D UHFRYHU\ SDVVZRUG PD\ EH REWDLQHG RQ
UHTXHVW EXW WKH UHTXHVW PXVW EH DFFRPSDQLHG E\ D QRWH RI WKH PRGHO DQG VHULDO
QXPEHURIWKHUHOD\7KHUHFRYHU\SDVVZRUGZLOOEHXQLTXHWRRQHUHOD\DQGZLOOQRW
ZRUNRQDQ\RWKHUXQOHVVWKHXVHUVHWSDVVZRUGLVWKHVDPH
6<6)Q/LQNV>3:3@
7KHVH IXQFWLRQ OLQNV HQDEOH VHOHFWLRQ WR EH PDGH IURP WKH V\VWHP RSWLRQV IRU
H[DPSOHZKDWFRPPDQGVRYHUWKHVHULDOOLQNZLOOEHDFWHGXSRQ

/,1.>6<65HP&KJ6WJ@ 6HWWRVHWWLQJVFDQRQO\EHFKDQJHGDWWKHUHOD\
6HWWRVHWWLQJVFDQDOVREHFKDQJHGRYHUWKH
FRPPXQLFDWLRQVOLQN
/,1.>6<6(Q/RJ(YWV@ 6HWWRFKDQJHVWRRSWRLQSXWVDQGRXWSXWUHOD\V
GRQRWUHJLVWHUDVHYHQWV
6HWWRFKDQJHVWRRSWRLQSXWVDQGRXWSXWUHOD\V
UHJLVWHUDVHYHQWV
6<6'HVFULSWLRQ>3:3@
7KLVLVWH[WWKDWGHVFULEHVWKHUHOD\W\SHIRUH[DPSOH ´$XWRUHFORVHµ  ,W LV SDVVZRUG
SURWHFWHGDQGFDQEHFKDQJHGE\WKHXVHUWRDQDPHZKLFKPD\GHVFULEHWKHVFKHPH
FRQILJXUDWLRQRIWKHUHOD\LIWKHUHOD\LVFKDQJHGIURPWKHIDFWRU\FRQILJXUDWLRQ
6<63ODQW5HI>3:3@
7KH SODQW UHIHUHQFH FDQ EH HQWHUHG E\ WKH XVHU EXW LW LV OLPLWHG WR  FKDUDFWHUV
7KLVUHIHUHQFHLVXVHGWRLGHQWLI\WKHSULPDU\SODQWWKDWWKHUHOD\LVDVVRFLDWHGZLWK
6<60RGHO1R>5($'@
7KH PRGHO QXPEHU WKDW LV HQWHUHG GXULQJ PDQXIDFWXUH KDV HQFRGHG LQWR LW WKH
PHFKDQLFDO DVVHPEO\ UDWLQJV DQG FRQILJXUDWLRQ RI WKH UHOD\  ,W LV WKH VDPH DV WKH
PRGHOQXPEHUSULQWHGRQWKHIURQW SODWH DQG WKLV QXPEHU VKRXOG EHTXRWHG LQ DQ\
FRUUHVSRQGHQFHFRQFHUQLQJWKHSURGXFW
6<66HULDO1R>5($'@
7KH VHULDO QXPEHU LV WKH UHOD\ LGHQWLW\ DQG HQFRGHV DOVR WKH \HDU RI PDQXIDFWXUH
,WFDQQRWEHFKDQJHGIURPWKHPHQX
6<6)UHTXHQF\>6(7@
7KHVHWIUHTXHQF\IURPZKLFKWKHUHOD\VWDUWVWUDFNLQJRQSRZHUXS,WDOVRFRQWUROV
WKHVDPSOLQJIUHTXHQF\RIWKHRSWRLQSXWVVRVKRXOGEHVHWWRWKHV\VWHPIUHTXHQF\
HYHQIRUD.975
$6<6&RPPV/HYHO>5($'@
7KLVFHOOZLOOFRQWDLQWKHFRPPXQLFDWLRQOHYHOWKDWWKHUHOD\ZLOOVXSSRUW,WLVXVHGE\
0DVWHU6WDWLRQSURJUDPVWRGHFLGHZKDWW\SHRIFRPPDQGVWRVHQGWRWKHUHOD\
%6<65O\$GGUHVV>6(7@
$Q DGGUHVV EHWZHHQ  DQG  WKDW LGHQWLILHV WKH UHOD\ ZKHQ LQWHUFRQQHFWHG E\ D
FRPPXQLFDWLRQ EXV  7KHVH DGGUHVVHV PD\ EH VKDUHG EHWZHHQ VHYHUDO
FRPPXQLFDWLRQ EXVHV DQG WKHUHIRUH QRW DOO WKHVH DGGUHVVHV ZLOO QHFHVVDULO\ EH
6HUYLFH0DQXDO 5(

.$96 3DJH

DYDLODEOHRQWKHEXVWRZKLFKWKHUHOD\LVFRQQHFWHG7KHDGGUHVVFDQEHPDQXDOO\
VHW  $GGUHVV  LV UHVHUYHG IRU WKH DXWRPDWLF DGGUHVV DOORFDWLRQ IHDWXUH DQG  LV
UHVHUYHGIRUJOREDOPHVVDJHV7KHIDFWRU\VHWDGGUHVVLV
&6<63ODQW6WDWXV>5($'@
3ODQWVWDWXVLVDELWZRUGZKLFKLVXVHGWRWUDQVSRUWSODQWVWDWXVLQIRUPDWLRQRYHU
WKHFRPPXQLFDWLRQQHWZRUN7KHYDULRXVELWSDLUVDUHSUHDOORFDWHGWRVSHFLILFLWHPV
RISODQW6HH²3ODQW6WDWXV2XWSXW
'6<6&WUO6WDWXV>5($'@
7KHFRQWUROVWDWXVZRUGDFWVOLNHVRIWZDUHFRQWDFWVWRWUDQVIHUGDWDIURPWKHUHOD\WR
WKHPDVWHUVWDWLRQFRQWUROOLQJFRPPXQLFDWLRQV7KHIXQFWLRQRIHDFKELWLVGHILQHGLQ
WKH VFKHPH ORJLF DQG D GHVFULSWLRQ RI WKH IXQFWLRQ RI WKH ELW LV HQWHUHG  7KH
GHVFULSWLRQZLOOEHGLVSOD\HGLQWKH&21752/2873876PHQXFROXPQDORQJZLWKLWV
VWDWH21RU2))6HH²&RQWURO2XWSXWV
6<66RIWZDUH5HI>5($'@
7KH YHUVLRQ RI RSHUDWLQJ V\VWHP VRIWZDUH LV FRGHG LQWR WKLV QXPEHU  ,W FDQ QRW EH
FKDQJHG
6<6/DGGHU5HI>5($'@
7KH YHUVLRQ RI VFKHPH ORJLF VRIWZDUH LV FRGHG LQWR WKLV QXPEHU  ,W FDQ QRW EH
FKDQJHG
6<62SWR6WDWXV>5($'@
'LVSOD\VWKHVWDWXVRIWKHRSWRLQSXWVPHDQVWKHLQSXWLVRQPHDQVLWLVRII
6<65HOD\6WDWXV>5($'@
'LVSOD\VWKHVWDWXVRIWKHRXWSXWUHOD\VPHDQVWKHUHOD\LVRQPHDQVLWLVRII
6<6$ODUPV
&XUUHQWVWDWHRIDODUPIODJVVHH6HFWLRQVDQG
 8VHU&RQWUROV>6(7@
WR
7KLVFROXPQLVQRWXVHGLQ.$96UHOD\V
 &RQWURO2XWSXWV>5($'@
WR
7KLV FROXPQ GLVSOD\V FRQWURO VWDWXV RXWSXWV DV GHILQHG LQ VFKHPH ORJLF  (DFK
GLVSOD\HG RXWSXW FRQVLVWV RI VRPH WH[W GHVFULELQJ LWV IXQFWLRQ DQG LWV VWDWH 21 RU
2))  7KHVH RXWSXWV FRUUHVSRQG WR WKH ELWV LQ WKH FRQWURO VWDWXV ZRUG  6HH  ²
&RQWURO2XWSXWV
 (YHQW5HFRUGV>5($'@
WR
7KLVFROXPQLVLQYLVLEOHRQ.$96UHOD\VVLQFHQRVFKHPHHYHQWVDUHGHILQHGLQ
.$96VFKHPHORJLF
5( 6HUYLFH0DQXDO

3DJH .$96

 0HDVXUHPHQWV>5($'@

 0(6/LQH9ROWDJH /LQHYROWDJH

 0(6%XV9ROWDJH %XVYROWDJH
 0(63KDVH$QJOH $QJOHEHWZHHQWKHOLQHDQGEXVYROWDJHV
 0(66\VWHP)UT )UHTXHQF\RIWKHOLQHYROWDJH
 0(66OLS)UT 'LIIHUHQFHLQIUHTXHQF\EHWZHHQWKHLQSXWYROWDJHV

7KLVFROXPQLVRQO\DYDLODEOHLIRQHRUPRUHFKHFNV\QFKURQLVPHOHPHQWVDUHHQWHUHG
LQWKHODGGHUGLDJUDP
7KHPHDVXUHPHQWVGLVSOD\FDQEHVHOHFWHGDVWKHGHIDXOWGLVSOD\
 &RXQWHU9DOXHV>5($'@
WR
1RFRXQWHUUHODWHGIXQFWLRQVDUH XVHG LQ .$96  VFKHPH ORJLF VR WKLV FROXPQ LV
LQYLVLEOH
 6FKHPH$ODUPV>5($'@
WR
7KLV FROXPQ GLVSOD\V DFWLYH VFKHPH DODUPV LQLWLDWHG E\ VFKHPH ORJLF 6HH  ²
6FKHPH$ODUPV
,IQRDODUPVDUHHQDEOHGFHOOVWRDUHLQYLVLEOH2QO\WKRVHDODUPVWKDW
DUHWXUQHGRQZLOOEHGLVSOD\HG
 12$/$506(1$%/(' 7KLVPHVVDJHLVGLVSOD\HGLIQRDODUPVDUH
HQDEOHG
 5(6(7$/$506 >@ 2SHUDWRUUHVHWWDEOHDODUPVFDQEHUHVHWE\
SUHVVLQJWKH>@NH\
,IDQ\DODUPVDUHHQDEOHGWKHDODUPWH[WZLOORYHUZULWHWKHGHIDXOWGLVSOD\
 &KHFN6\QFK6WJV>6(7@
&KHFNV\QFKURQLVPVHWWLQJV

 &66)Q/LQNV &KHFNV\QFKURQLVPIXQFWLRQOLQNV>3:3@

/LQN>6\QFFKHFN@  HQDEOHFKHFNV\QFKURQLVPSKDVHDQJOH
FKHFN
/LQN>6OLSIUHT@  (QDEOHVOLSIUHTXHQF\EORFNZLWKSKDQJOH
FKHFN
/LQN>6OLSWLPH@  (QDEOHWLPHGHOD\IRUSKDVHDQJOHFKHFN
/LQN>6SOLWGHW@  (QDEOHV\VWHPVSOLWGHWHFWRU
/LQN>6SOLWWLPH@  (QDEOHVSOLWWLPHU
/LQN>6\VFKHFN@  (QDEOHFKHFNV\QFKURQLVPV\VWHPDQJOH
FKHFN
/LQN>6\VIUHT@  (QDEOHVOLSIUHTXHQF\EORFNZLWKV\VWHP
DQJOHFKHFN
/LQN>6\VWLPH@  HQDEOHWLPHGHOD\IRUV\VWHPDQJOHFKHFN
6HUYLFH0DQXDO 5(

.$96 3DJH

/LQN>'//%@  HQDEOHGHDGOLQHOLYHEXVYROWDJH
GHWHFWLRQ
/LQN>//'%@  HQDEOHOLYHOLQHGHDGEXVYROWDJH
GHWHFWLRQ
/LQN$>'/'%@  HQDEOHGHDGOLQHGHDGEXVYROWDJH
GHWHFWLRQ
/LQN%>89%ORFN@  HQDEOHXQGHUYROWDJHPRQLWRUWREORFN
RSHUDWLRQRIWKHSKDVHDQJOHDQGV\VWHP
DQJOHPHDVXUHPHQWV
/LQN&>8923@  VHWXQGHUYROWDJHHOHPHQWRXWSXWWREHRQ
IRUXQGHUYROWDJHFRQGLWLRQ
 VHWXQGHUYROWDJHHOHPHQWRXWSXWWREHRII
IRUXQGHUYROWDJHFRQGLWLRQ
/LQN'>'LII%/.@  HQDEOHGLIIHUHQWLDOYROWDJHPRQLWRUWR
EORFNRSHUDWLRQRIWKHSKDVHDQJOHDQG
V\VWHPDQJOHPHDVXUHPHQWV
/LQN(>'LII23@  VHWGLIIHUHQWLDOYROWDJHHOHPHQWRXWSXWWR
EHRQIRUGLIIHUHQWLDOYROWDJHFRQGLWLRQ
 VHWGLIIHUHQWLDOYROWDJHHOHPHQWRXWSXWWR
EHRIIIRUGLIIHUHQWLDOYROWDJHFRQGLWLRQ
 &66975DWLR 5DWLRRIERWK97V>3:3@
 &663KDVHDQJOH $QJOHVHWWLQJIRUSKDVHDQJOHFKHFN
 &666OLS)UHT 6OLSIUHTXHQF\EORFNVHWWLQJIRUSKDVHDQJOH
FKHFN
 &666\QFK7LPHU 2SHUDWLQJWLPHIRUSKDVHDQJOHFKHFN
 &666SOLW$QJOH $QJOHVHWWLQJIRUV\VWHPVSOLWFKHFN
 &666SOLW7LPHU 0LQLPXPWLPHIRUZKLFKV\VWHPVSOLWGHWHFWRU
RXWSXWZLOOUHPDLQRQ
 &666\VWHP$QJOH $QJOHVHWWLQJIRUV\VWHPDQJOHFKHFN
 &666\VWHP6OLS 6OLSIUHTXHQF\EORFNVHWWLQJIRUV\VWHPDQJOH
FKHFN
$ &666\VWHP7LPHU 2SHUDWLQJWLPHIRUV\VWHPDQJOHFKHFN
% &669%//LYH 9ROWDJHDERYHZKLFKWKHOLQHDQGEXVDUH
FRQVLGHUHGOLYH
& &669%/'HDG 9ROWDJHEHORZZKLFKWKHOLQHDQGEXVDUH
FRQVLGHUHGGHDG
' &668QGHUYROWDJH 9ROWDJHEHORZZKLFKXQGHUYROWDJHGHWHFWRU
RSHUDWHV
( &66'LII9ROWDJH ,IWKHGLIIHUHQFHEHWZHHQWKHLQFRPLQJYROWDJHV
H[FHHGVWKLVVHWWLQJWKHGLIIHUHQFHYROWDJH
GHWHFWRURSHUDWHV
5( 6HUYLFH0DQXDO

3DJH .$96

 7LPHU6HWWLQJV>6(7@
WR
3OHDVHUHIHUWR6HFWLRQ²7LPH6HWWLQJ5DQJHV
 &RXQWHU6HWWLQJV>6(7@
WR
1RFRXQWHUUHODWHGIXQFWLRQVDUH XVHG LQ .$96  VFKHPH ORJLF VR WKLV FROXPQ LV
LQYLVLEOH
 /RJLF)XQFWLRQV>6(7@

$ 6FKHPH)Q/LQNV )XQFWLRQOLQNVHQWHUHGLQODGGHUQXPEHUVWR

6HH²6RIWZDUH/RJLF)XQFWLRQV
$ 6FKHPH)Q/LQNV )XQFWLRQOLQNVHQWHUHGLQODGGHUQXPEHUVWR
6HH²6RIWZDUH/RJLF)XQFWLRQV
$ /2*,QSXW6WDWXV 6WDWHRILQSXWVWRWKHODGGHUGLDJUDPVRIWZDUHDIWHU
PDVNLQJ>5($'@
$ /2*2XWSXW6WDWXV 6WDWHRIWKHRXWSXWVRIWKHODGGHUGLDJUDPVRIWZDUH
EHIRUHPDVNLQJRQWRWKHRXWSXWUHOD\V>5($'@
$ /2*'HIDXOW'VSO\ 6HOHFWVWKHGHIDXOWGLVSOD\>6(7@
7KHVHOHFWLRQFDQEH
 7KHPDQXIDFWXUHU·VGLVSOD\$5(9$7 '8./WG($,.6(5,(60,'26
 7KHODGGHUGHIDXOWGLVSOD\
 'HVFULSWLRQRUXVHUGHILQHGVFKHPHUHIHUHQFH
 3ODQW5HIHUHQFHXVHUGHILQHG
 9/LQH9%XV
 7KH&RXQWHU9DOXHVQRWDYDLODEOHRQ.$96
 0HDVXUHPHQWVVHH6HFWLRQ

$ /2*5RWDWLRQ 6HOHFWVLIGHIDXOWGLVSOD\RUDQGWKHDODUP

GLVSOD\ZLOOFKDQJHHYHU\VHFRQGVRURQO\
ZKHQWKH>)@NH\LVSUHVVHG>6(7@
$ /2*7(675(/$<66HOHFW 6HOHFWVRXWSXWUHOD\VZKLFKZLOOFKDQJHVWDWH
ZKHQFHOO$LVUHVHW>3:3@
$ /2*7(675(/$<6  6HOHFWHGUHOD\VZLOOFKDQJHVWDWHZKHQ>@NH\
LVSUHVVHG>3:3@
 ,QSXW0DVNV>3:3@
%WR%
$Q HLJKW ELW PDVN LV DOORFDWHG WR HDFK IXQFWLRQDO ORJLF LQSXW LQ WKH VFKHPH ORJLF
3OHDVH UHIHU WR 6HFWLRQ  ² 2SWR LVRODWHG LQSXWV  (DFK FHOO LQ WKH ,1387 0$6.6
FROXPQ GLVSOD\V RQ WKH WRS OLQH WKH GHILQHG GLVSOD\ QDPH IRU WKH DVVRFLDWHG LQSXW
IXQFWLRQDQGRQWKHERWWRPOLQHDVHULHVRI´µVDQG´µVIRUWKHVHOHFWHGPDVN7KH
QXPEHUVSULQWHGRQWKHIURQWSODWHXQGHUWKHGLVSOD\LQGLFDWHZKLFKRSWRLQSXW/WR
/ LV DVVRFLDWHG ZLWK HDFK ELW  $ ´µ LQGLFDWHV WKDW WKH SDUWLFXODU RSWR LQSXW ZLOO
DFWLYDWHWKHVHOHFWHGORJLFLQSXWDQGD´µLQGLFDWHVWKDWLWZLOOQRW
6HUYLFH0DQXDO 5(

.$96 3DJH

 5HOD\0DVNV>3:3@
&WR&
$Q HLJKW ELW PDVN LV DOORFDWHG WR HDFK IXQFWLRQDO ORJLF RXWSXW LQ WKH VFKHPH ORJLF
3OHDVH UHIHU WR 6HFWLRQ  ² 2XWSXW UHOD\V  (DFK FHOO LQ WKH 5(/$< 0$6.6 FROXPQ
GLVSOD\VRQWKHWRSOLQHWKHGHILQHGGLVSOD\QDPHIRUWKHDVVRFLDWHGRXWSXWIXQFWLRQ
DQGRQWKHERWWRPOLQHDVHULHVRI´µVDQG´µVIRUWKHVHOHFWHGPDVN7KHQXPEHUV
SULQWHGRQWKHIURQWSODWHXQGHUWKHGLVSOD\LQGLFDWHZKLFKRXWSXWUHOD\5/WR5/LV
DVVRFLDWHG ZLWK HDFK ELW  ´µ LQGLFDWHV WKDW WKH SDUWLFXODU RXWSXW UHOD\ ZLOO RSHUDWH
ZKHQWKHVHOHFWHGORJLFRXWSXWRSHUDWHVDQGD´µLQGLFDWHVWKDWLWZLOOQRW
 &RXQWHU5HVHWV>6(7@
'WR'
1RFRXQWHUUHODWHGIXQFWLRQVDUH XVHG LQ .$96  VFKHPH ORJLF VR WKLV FROXPQ LV
LQYLVLEOH
 5HFRUGHUVHHDOVR6HFWLRQ

( 5(&FRQWURO 5811,1*75,**(5('67233('>6(7@

( 5(&&DSWXUH 6$03/(60$*1,78'(3+$6(>6(7@
( 5(&3RVW7ULJJHU 7UDFHOHQJWKDIWHUWULJJHU>6(7@
( 5(&7ULJ21 6HOHFWODGGHUUHFRUGHUWULJJHUWRWULJJHUZKHQ
WXUQHGRQ>6(7@
( 5(&7ULJ2)) 6HOHFWODGGHUUHFRUGHUWULJJHUWRWULJJHUZKHQ
WXUQHGRII>6(7@
 &KDQJLQJWH[WDQGVHWWLQJV
7RHQWHUWKHVHWWLQJPRGH
6HWWLQJVDQGWH[WLQFHUWDLQFHOOVRIWKHPHQXFDQEHFKDQJHGYLDWKHXVHULQWHUIDFH
7RGRWKLVWKHFRYHUPXVWEHUHPRYHGIURPWKHIURQWRIWKHUHOD\WRJDLQDFFHVVWRWKH
[+]  [–] NH\V  *LYH WKH [F] NH\ D ORQJ SUHVV WR FKDQJH IURP WKH VHOHFWHG GHIDXOW
GLVSOD\ DQG VZLWFK RQ WKH EDFNOLJKW WKH KHDGLQJ 6<67(0 '$7$ ZLOO EH GLVSOD\HG
8VHWKH[+] [–]NH\VRU DORQJ [F]NH\SUHVVWRVHOHFWWKHFROXPQFRQWDLQLQJWKH
VHWWLQJRUWH[WFHOOWKDWLVWREHFKDQJHG7KHQZLWKWKH[F]NH\VWHSGRZQWKHFROXPQ
XQWLOWKHFRQWHQWVRIWKHFHOODUHGLVSOD\HG3UHVVWKH [+]RU[–]NH\WRSXWWKHUHOD\
LQWRWKHVHWWLQJPRGHZKLFKZLOOEHLQGLFDWHGE\DIODVKLQJFXUVRURQWKHERWWRPOLQH
RIWKHGLVSOD\,IWKHFHOOLVDUHDGRQO\FHOOWKHQWKHFXUVRUZLOOQRWDSSHDUDQGWKH
UHOD\ZLOOQRWEHLQWKHVHWWLQJPRGH
7RHVFDSHIURPWKHVHWWLQJPRGH
7RHVFDSHIURPWKHVHWWLQJSURFHGXUHZLWKRXWHIIHFWLQJDQ\FKDQJHKROGWKH>@NH\
GHSUHVVHGIRURQHVHFRQG7KHRULJLQDOVHWWLQJZLOOEHUHWDLQHG
7RDFFHSWWKHQHZVHWWLQJ

3UHVVWKH[F]NH\XQWLOWKHGLVSOD\UHDGV
$UH<RX6XUH"
 <(6² 12

3UHVVWKH[0]NH\LI\RXGHFLGHQRWWRPDNHDQ\FKDQJH

3UHVVWKH[–]NH\LI\RXZDQWWRIXUWKHUPRGLI\WKHGDWDEHIRUHHQWU\
5( 6HUYLFH0DQXDO

3DJH .$96

3UHVVWKH>@WRDFFHSWWKHFKDQJH7KLVZLOOWHUPLQDWHWKHVHWWLQJPRGH
 (QWHULQJSDVVZRUGV6<63DVVZRUGFHOO

7KH [+]  [–] NH\V FDQ EH XVHG WR VHOHFW D FKDUDFWHU DW WKH SRVLWLRQ RI WKH FXUVRU
:KHQWKHGHVLUHGFKDUDFWHUKDVEHHQVHWWKH[F]NH\FDQEHJLYHQDPRPHQWDU\SUHVV
WR PRYH WKH FXUVRU WR WKH SRVLWLRQ IRU WKH QH[W FKDUDFWHU  7KH SURFHVV FDQ WKHQ EH
UHSHDWHG WR HQWHU DOO IRXU FKDUDFWHUV WKDW PDNH XS WKH SDVVZRUG  :KHQ WKH IRXUWK
FKDUDFWHULVDFNQRZOHGJHGE\DPRPHQWDU\SUHVVRIWKH[F]NH\WKHGLVSOD\ZLOOUHDG
$UH<RX6XUH"
 <(6² 12

3UHVVWKH[0]NH\LI\RXGHFLGHQRWWRHQWHUWKHSDVVZRUG

3UHVVWKH[–]NH\LI\RXZDQWWRPRGLI\WKHHQWU\

3UHVVWKH[+]WRHQWHUWKHSDVVZRUG7KHGLVSOD\ZLOOWKHQVKRZIRXUVWDUV DQGLI
WKHSDVVZRUGZDVDFFHSWHGWKH\HOORZ/('ZLOOIODVK,IWKHSDVVZRUGLVQRWDFFHSWHG
DIXUWKHUDWWHPSWFDQEHPDGHWRHQWHULWRUWKH[0]NH\XVHGWRHVFDSH3DVVZRUG
SURWHFWLRQLVUHLQVWDWHGZKHQWKHDODUP/('VWRSVIODVKLQJWZRPLQXWHVDIWHUWKHODVW
NH\SUHVVRUE\VHOHFWLQJWKH6<63DVVZRUGFHOORUDQ\PHQXFRORXPKHDGLQJFHOO
DQGSUHVVLQJWKH[0]NH\IRUPRUHWKDQRQHVHFRQG
 &KDQJLQJSDVVZRUGV
$IWHUHQWHULQJWKHFXUUHQWSDVVZRUGDQGLWLVDFFHSWHGDVLQGLFDWHGE\WKHDODUP/('
IODVKLQJ WKH [F] NH\ LV SUHVVHG PRPHQWDULO\ WR PRYH WR WKH QH[W PHQX FHOO
,I LQVWHDG LW LV UHTXLUHG WR HQWHU D QHZ SDVVZRUG WKH [+] NH\ PXVW EH SUHVVHG WR
VHOHFW WKH VHWWLQJ PRGH  $ QHZSDVVZRUG FDQ EH HQWHUHG ZLWK WKH VDPH SURFHGXUH
GHVFULEHG LQ 6HFWLRQ   2QO\ FDSLWDO XSSHU FDVH OHWWHUV PD\ EH XVHG IRU WKH
SDVVZRUG
%HVXUHWRPDNHDQRWHRIWKHSDVVZRUGEHIRUHHQWHULQJLW
$FFHVVZLOOEHGHQLHGZLWKRXWWKHFRUUHFWSDVVZRUG
 (QWHULQJWH[W

(QWHUWKHVHWWLQJPRGHDVGHVFULEHGLQ6HFWLRQDQGPRYHWKHFXUVRUZLWKWKH[F]
NH\WRZKHUHWKHWH[WLVWREHHQWHUHGRUFKDQJHG7KHQXVLQJWKH[+] [–]NH\VHOHFW
WKHFKDUDFWHUWREHGLVSOD\HG7KH[F]NH\PD\WKHQEHXVHGWRPRYHWKHFXUVRUWR
WKHSRVLWLRQRIWKHQH[WFKDUDFWHUDQGVRRQ)ROORZWKHLQVWUXFWLRQVLQ6HFWLRQWR
H[LWIURPWKHVHWWLQJFKDQJH
 &KDQJLQJIXQFWLRQOLQNV
6HOHFW WKH SDJH KHDGLQJ UHTXLUHG DQG VWHS GRZQ WR WKH )81&7,21 /,1.6 FHOO
UHTXLUHG DQG SUHVV HLWKHU WKH [+] RU [–] WR SXW WKH UHOD\ LQ D VHWWLQJ FKDQJH PRGH
$FXUVRUZLOOIODVKRQWKHERWWRPOLQHDWWKHH[WUHPHOHIWSRVLWLRQ7KLVLVOLQN´)µDV
LQGLFDWHGE\WKHFKDUDFWHUSULQWHGRQWKHIURQWSODWHXQGHUWKHGLVSOD\

3UHVV WKH [F] NH\ WR VWHS DORQJ WKH URZ RI OLQNV RQH OLQN DW D WLPH XQWLO VRPH WH[W
DSSHDUVRQWKHWRSOLQHWKDWGHVFULEHVWKHIXQFWLRQRIDOLQN7KH[+]NH\ZLOOFKDQJH
WKHOLQNWRD´µWRVHWWKHIXQFWLRQDQGWKH[–]NH\ZLOOFKDQJHLWWRD´µWRFOHDULW
1RWDOOOLQNVFDQEHVHWVRPHEHLQJIDFWRU\VHOHFWHGDQGORFNHG7KHOLQNVWKDWDUH
ORFNHG LQ WKLV ZD\ DUH XVXDOO\ WKRVH IRU IXQFWLRQV WKDW DUH QRW VXSSRUWHG E\ D
SDUWLFXODUUHOD\ZKHQWKH\ZLOOEH VHW WR ´µ  0HUHO\ PRYLQJ WKH FXUVRU SDVW D OLQN
SRVLWLRQGRHVQRWFKDQJHLWLQDQ\ZD\
6HUYLFH0DQXDO 5(

.$96 3DJH

 &KDQJLQJVHWWLQJYDOXHV

0RYHWKURXJKWKHPHQXXQWLOWKHFHOOWKDWLVWREHHGLWHGLVGLVSOD\HG3UHVVWKH[+]RU
[–] NH\ WR SXW WKH UHOD\ LQWR WKH VHWWLQJ FKDQJH PRGH  $ FXUVRU ZLOO IODVK LQ WKH
H[WUHPHOHIWKDQGSRVLWLRQRQWKHERWWRPOLQHRIWKHGLVSOD\WRLQGLFDWHWKDWWKHUHOD\
LVUHDG\WRKDYHWKHVHWWLQJFKDQJHG7KHYDOXHZLOOEHLQFUHPHQWHGLQVLQJOHVWHSVE\
HDFKPRPHQWDU\SUHVVRIWKH[+]NH\RULIWKH[+]NH\LVKHOGGRZQWKHYDOXHZLOOEH
LQFUHPHQWHG ZLWK LQFUHDVLQJ UDSLGLW\ XQWLO WKH NH\ LV UHOHDVHG  6LPLODUO\ WKH [–] NH\
FDQ EH XVHG WR GHFUHPHQW WKH YDOXH  )ROORZ WKH LQVWUXFWLRQV LQ 6HFWLRQ  WR H[LW
IURPWKHVHWWLQJFKDQJH
1RWH :KHQHQWHULQJWKH 97 UDWLR WKH RYHUDOO UDWLR VKRXOG EH HQWHUHG
LH997KDVDQRYHUDOOUDWLRRI:LWKUDWHG
YROWDJHDSSOLHGWKHUHOD\ZLOOGLVSOD\9ZKHQ97UDWLRKDVWKH
GHIDXOW YDOXH RI  DQG ZKHQ WKH 97 UDWLR LV VHW WR  WKH
GLVSOD\HGYDOXHZLOOEH[ 9
 6HWWLQJFRPPXQLFDWLRQDGGUHVV
7KH FRPPXQLFDWLRQ DGGUHVV ZLOO QRUPDOO\ EH VHW WR  WKH JOREDO DGGUHVV WR DOO
UHOD\VRQWKHQHWZRUNZKHQWKHUHOD\LVILUVWVXSSOLHG5HSO\PHVVDJHVDUHQRWLVVXHG
IURPDQ\UHOD\IRUDJOREDOFRPPDQGEHFDXVHWKH\ZRXOGDOOUHVSRQGDWWKHVDPH
WLPHDQGUHVXOWLQFRQWHQWLRQRQWKHEXV6HWWLQJWKHDGGUHVVWRZLOOHQVXUHWKDW
ZKHQ ILUVW FRQQHFWHG WR WKH QHWZRUN WKH\ ZLOO QRW LQWHUIHUH ZLWK FRPPXQLFDWLRQV RQ
H[LVWLQJLQVWDOODWLRQV  7KH FRPPXQLFDWLRQ DGGUHVV FDQ EH PDQXDOO\ VHW E\ VHOHFWLQJ
WKH DSSURSULDWH FHOO IRU WKH 6<67(0 '$7$ FROXPQ HQWHULQJ WKH VHWWLQJ PRGH DV
GHVFULEHGLQ6HFWLRQDQGWKHQGHFUHPHQWLQJRULQFUHPHQWLQJWKHDGGUHVV
,WLVUHFRPPHQGHGWKDWWKHXVHUHQWHUVWKHSODQWUHIHUHQFHLQWKHDSSURSULDWHFHOODQG
WKHQVHWVWKHDGGUHVVPDQXDOO\WR´µ7KHPDVWHUVWDWLRQZLOOWKHQGHWHFWWKDWDQHZ
UHOD\ KDV EHHQ DGGHG WR WKH QHWZRUN DQG DXWRPDWLFDOO\ DOORFDWH WKH QH[W DYDLODEOH
DGGUHVVRQWKHEXVWRZKLFKWKDWUHOD\LVFRQQHFWHGDQGFRPPXQLFDWLRQVZLOOWKHQEH
IXOO\HVWDEOLVKHG
 6HWWLQJLQSXWPDVNVDQGUHOD\PDVNV
7R FKDQJH D PDVN VHWWLQJ LW LV QHFHVVDU\ ILUVW WR VHOHFW WKH 6<6 3DVVZRUG FHOO DQG
HQWHUWKHFRUUHFWSDVVZRUGDVGHVFULEHGLQ6HFWLRQWKHQPRYHWRWKHUHTXLUHG
PDVNFHOODQGSUHVVHLWKHU[+]RU[–]WRSXWWKHUHOD\LQWRDVHWWLQJFKDQJHPRGH$
FXUVRUZLOOWKHQIODVKRQWKHERWWRPOLQHDWELWSRVLWLRQ

3UHVV WKH [F] NH\ WR VWHS DORQJ WKH URZ RI ELWV RQH DW D WLPH FKDQJLQJ ELWV DV
UHTXLUHG)RUHDFKELWWREHFKDQJHGSUHVV[+]WRFKDQJHLWWR´µRU[–]WRFKDQJHLW
WR´µ)ROORZWKHLQVWUXFWLRQVLQ6HFWLRQWRH[LWIURPWKHVHWWLQJFKDQJH
 5HVHWWLQJFRXQWHUUHJLVWHUV
0RYHWRWKHUHTXLUHGFHOOLQWKH5(6(7&2817(56FROXPQ7KHGLVSOD\VKRZVRQWKH
WRS OLQH WKH FRXQWHU UHJLVWHU GLVSOD\ QDPH DQG RQ WKH ERWWRP OLQH WKH FXUUHQW
FRQWHQWVRIWKDWUHJLVWHU3UHVVHLWKHU[+]RU[–]WRSXWWKHUHOD\LQWRDVHWWLQJFKDQJH
PRGH$FXUVRUZLOOWKHQIODVKRQWKHERWWRPOLQHDWELWSRVLWLRQ)

3UHVV[+]7KHZRUG5(6(7ZLOODSSHDURQWKHERWWRPOLQHWRWKHULJKWRIWKHFXUUHQW
FRXQWHU FRQWHQWV  )ROORZ WKH LQVWUXFWLRQV LQ 6HFWLRQ  WR H[LW IURP WKH UHVHW
SURFHGXUH,I\RXFRQILUPWKHUHVHWE\SUHVVLQJ[+]ZKHQWKHGLVSOD\VKRZV>$UH<RX
6XUH" <(6² 12@WKHGLVSOD\ERWWRPOLQHZLOOFKDQJHWR
5( 6HUYLFH0DQXDO

3DJH .$96

 $ODUPUHFRUGV
7KHDODUPIODJVDUHWRZDUGVWKHHQGRIWKH6<67(0'$7$FROXPQRIWKHPHQXDQG
FRQVLVWRIVHYHQFKDUDFWHUVWKDWPD\EHHLWKHU´µRU´µWRLQGLFDWHWKHVHWDQGUHVHW
VWDWHVRIWKHDODUP7KHFRQWURONH\VSHUIRUPIRUWKLVPHQXFHOOLQWKHVDPHZD\DV
WKH\ GR IRU )XQFWLRQ /LQNV DQG LI WKLV FHOO LV VHOHFWHG ZLWK WKH IXQFWLRQ NH\ [F] WKH
UHOD\FDQWKHQSXWLQWKHVHWWLQJPRGHE\SUHVVLQJWKH[+]NH\7KH[F]FDQWKHQEH
XVHGWRVWHS WKH FXUVRU WR HDFK ELW LQ WKH DODUP VWDWXV ZRUG DQGWH[WGHVFULELQJ WKH
DODUPVWDWHLQGLFDWHGE\WKHELWVHOHFWHGZLWKWKHFXUVRUZLOOEHGLVSOD\HGDVWKHFXUVRU
SDVVHVRYHUWKH LQGLYLGXDOELWV7KHQXPEHUVSULQWHGRQWKHIURQWSODWHRIWKHUHOD\
XQGHUWKHGLVSOD\LGHQWLI\WKHLQGLYLGXDOELWVLQWKHDODUPUHFRUG)RUIXUWKHUGHWDLOV
VHH²$ODUPV
1R FRQWURO ZLOO EH SRVVLEOH YLD WKH NH\ SDG LI WKH ´8QFRQILJXUHGµ DODUP LV UDLVHG
EHFDXVHWKHUHOD\ZLOOEHORFNHGLQDQRQRSHUDWHVWDWH
 'HIDXOWGLVSOD\/&'
7KH /&' FKDQJHV WR D GHIDXOW GLVSOD\ LI QR NH\ SUHVVHV DUH PDGH IRU  PLQXWHV
7KH GHIDXOW GLVSOD\ FDQ EH VHOHFWHG WR DQ\ RI WKH RSWLRQV OLVWHG LQ 6HFWLRQ 
/2*,& )81&7,216 ORFDWLRQ $ E\ IROORZLQJ WKH VHWWLQJ SURFHGXUH JLYHQ LQ
6HFWLRQ7KHGLVSOD\FDQEHUHWXUQHGWRWKHGHIDXOWYDOXHZLWKRXWZDLWLQJWKH
PLQXWHGHOD\E\VHOHFWLQJDQ\FROXPQKHDGLQJDQGWKHQKROGLQJWKH[0]UHVHWNH\
GHSUHVVHGIRUVHFRQG
:KHQDVFKHPHDODUPRFFXUVWKHGLVSOD\FKDQJHVDXWRPDWLFDOO\WRGLVSOD\WKHDODUP
WH[W  $OO DODUPV PXVW EH FOHDUHG DQG LI QHFHVVDU\ WKH 5HVHW $ODUPV FHOO UHVHW DV
GHVFULEHGLQ6HFWLRQEHIRUHWKHUHOD\UHWXUQVWRWKHVHOHFWHGGHIDXOWGLVSOD\
 'LVWXUEDQFHUHFRUGHUV
7KH GLVWXUEDQFH UHFRUGHU PD\ EH WULJJHUHG E\ VHYHUDO GLIIHUHQW PHWKRGV GHSHQGHQW
RQWKHVHWWLQJVLQWKLVFROXPQRIWKHPHQX+RZHYHUWKHUHFRUGVKDYHWREHUHDGYLD
WKH VHULDO FRPPXQLFDWLRQ SRUW DQG VXLWDEOH DGGLWLRQDO VRIWZDUH LV UHTXLUHG WR
UHFRQVWUXFWDQGGLVSOD\WKHZDYHIRUPV2QO\RQHFRPSOHWHUHFRUGLVVWRUHGDQGWKH
UHFRUGHUPXVWEHUHWULJJHUHGEHIRUHDQRWKHUUHFRUGFDQEHFDSWXUHG
 5HFRUGHUFRQWURO
7KLVFHOOGLVSOD\VWKHVWDWHRIWKHUHFRUGHU
5811,1* ² UHFRUGHUVWRULQJGDWDRYHUZULWLQJROGHVWGDWD
75,**(5(' ² UHFRUGHUVWRSGHOD\WULJJHUHG
67233(' ² UHFRUGHUVWRSSHGDQGUHFRUGUHDG\IRUUHWULHYDO
:KHQ WKLV FHOO LV VHOHFWHG PDQXDO FRQWURO LV SRVVLEOH DQG WR DFKLHYH WKLV WKH UHOD\
PXVWEHSXWLQWRWKHVHWWLQJPRGHE\SUHVVLQJWKH[+]NH\$IODVKLQJFXUVRUZLOOWKHQ
DSSHDURQWKHERWWRPOLQHRIWKHGLVSOD\DWWKHOHIWKDQGVLGH7KH[+]NH\ZLOOWKHQ
VHOHFW 5811,1* DQG WKH [–] NH\ ZLOO VHOHFW WULJJHUHG  :KHQ WKH DSSURSULDWH
IXQFWLRQ KDV EHHQ VHOHFWHG WKH [F] NH\ LV SUHVVHG WR DFFHSW WKH VHOHFWLRQ DQG WKH
VHOHFWHGIXQFWLRQZLOOWDNHHIIHFWZKHQWKH[+]NH\LVSUHVVHGWRFRQILUPWKHVHOHFWLRQ
7RDERUWWKHVHOHFWLRQDWDQ\VWDJHSUHVVWKHUHVHWNH\[0]
6HUYLFH0DQXDO 5(

.$96 3DJH

 5HFRUGHUFDSWXUH
7KHUHFRUGHUFDQFDSWXUH
6$03/(6 ² WKHLQGLYLGXDOFDOLEUDWHGVDPSOHV
0$*1,78'(6 ² WKH)RXULHUGHULYHGDPSOLWXGHV
3+$6(6 ² WKH)RXULHUGHULYHGSKDVHDQJOHV
7KH UHOD\ KDV QR HOHFWURPHFKDQLFDO DGMXVWPHQWV DOO FDOLEUDWLRQ LV HIIHFWHG LQ
VRIWZDUHDQGDOOWKUHHRIWKHDERYHRSWLRQVDUHXVHGLQWKHFDOLEUDWLRQSURFHVV)RU
QRUPDOXVHDVDIDXOWUHFRUGHU6$03/(6ZLOOEHWKHPRVWXVHIXO
5HOD\V ZLWKRXW DQDORJ LQSXWV FDQQRW UHFRUG PDJQLWXGHV DQG SKDVHV DV WKH )RXULHU
VRIWZDUH LV QRW UXQQLQJ  2QO\ VDPSOHV FDQ EH UHFRUGHG DQG RQO\ WKH LQSXW DQG
RXWSXWGLJLWDOFKDQQHOVZLOOEHREWDLQHG
 5HFRUGHUSRVWWULJJHU
7KH3RVW7ULJJHUVHWWLQJGHWHUPLQHVWKHOHQJWKRIWKHWUDFHWKDWRFFXUVDIWHUWKHVWRS
WULJJHULVUHFHLYHG7KLVPD\EHVHWWRDQ\YDOXHEHWZHHQDQGVDPSOHV:KHQ
UHFRUGLQJ VDPSOHV WKH WRWDO WUDFH GXUDWLRQ LV  ¸    F\FOHV EHFDXVH WKH
LQWHUYDO EHWZHHQ WKH VDPSOHV LV HTXLYDOHQW WR RQH HLJKWK RI D F\FOH  +RZHYHU WKH
)RXULHU GHULYHG YDOXHV DUH FDOFXODWHG RQFH SHU F\FOH DQG VR WKH WRWDO WUDFH OHQJWK
ZKHQUHFRUGLQJWKHVHFDOFXODWHGSKDVHRUDPSOLWXGHYDOXHVLVF\FOHV
 5HFRUGHUORJLFWULJJHUV
$Q\ RU DOO RI WKH GLVWXUEDQFH UHFRUGHU WULJJHUV GHWDLOHG LQ VHFWLRQ  FDQ EH
VHOHFWHGDVVWRSWULJJHUVE\VHWWLQJDJDLQVWWKHUHOHYDQWELWRUELWVLQFHOO5(&7ULJ
21RU5(&7ULJ2))$Q\WULJJHUZKLFKKDVLWVDVVRFLDWHGELWVHWWRZLOOQRWWULJJHU
WKH GLVWXUEDQFH UHFRUG  7KH SURFHGXUH IRU VHWWLQJ UHFRUGHU WULJJHUV LV WKH VDPH DV
FKDQJLQJIXQFWLRQOLQNVGHVFULEHGLQVHFWLRQ
 1RWHVRQUHFRUGHGWLPHV
7KHWLPHVUHFRUGHGE\WULJJHULQJIURPWKHODGGHUUHFRUGHUWULJJHUVDUHDIIHFWHGE\WKH
IROORZLQJIDFWRUV
7KH UHOD\ DFFHSWHG WKH RSWRLVRODWHG LQSXWV DV YDOLG  “PV DW +]
“PVDW+]DIWHUWKHRSWRLQSXWZDVHQHUJLVHG
7KHUHFRUGHULVWULJJHUHGDWWKHHQGRIWKHH[HFXWLRQRIWKHODGGHUFRGHGXULQJZKLFK
WKHWULJJHUVZULVFKDQJHG7KXVWKHUHFRXOGEHXSWRPVGHOD\EHWZHHQWKHHYHQW
RFFXUULQJLQWKHODGGHUFRGHDQGWKHUHFRUGHGWLPH
7KHRXWSXWUHOD\FRLOVDUHHQHUJLVHGRUGHHQHUJLVHGDWWKHHQGRIWKHH[HFXWLRQRIWKH
ODGGHU FRGH GXULQJ ZKLFK WKH FRLO PHPRU\ LV FKDQJHG  7KH FRQWDFWV ZLOO FKDQJH
DSSUR[LPDWHO\PVDIWHUWKHFRLOKDVEHHQHQHUJLVHG
2WKHUZLVH WLPH WDJV DUH JHQHUDOO\ WR D UHVROXWLRQ RI PV IRU HYHQWV DQG WR D
UHVROXWLRQRIVIRUWKHVDPSOHVLQGLVWXUEDQFHUHFRUGV
5( 6HUYLFH0DQXDO

3DJH .$96

 6&+(0(/2*,&
.$96UHOD\VVFKHPHORJLFLVGRFXPHQWHGLQGUDZLQJQXPEHU.$96
VKHHWV  WR   6KHHW  OLVWV DOO WKH VFKHPH ORJLF HOHPHQWV DFFHVVLEOH YLD WKH XVHU
LQWHUIDFH VKHHWV  WR  GRFXPHQW WKH ORJLF LQ ODGGHU GLDJUDP IRUPDW DQG VKHHW 
OLVWVWKHIDFWRU\GHIDXOWUHOD\VHWWLQJV
 /DGGHUORJLFJHQHUDOGHVFULSWLRQ
7KH ODGGHU ORJLF VKRZQ LQ WKH DERYH GUDZLQJ LV D JUDSKLFDO UHSUHVHQWDWLRQ RI WKH
DFWXDOVFKHPHORJLF7KHODGGHUORJLFLVDUUDQJHGLQDVHULHVRISDJHVHDFKKDYLQJ
VL[URZVRIVHYHQHOHPHQWV(DFKHOHPHQWSRVLWLRQFDQEHHLWKHUEODQNRURFFXSLHGE\
DJUDSKLFDOV\PEROUHSUHVHQWLQJDVSHFLILFORJLFWHVWLQFROXPQVWRIURPWKHOHIW
KDQGVLGHRIWKHSDJHRUORJLFIODJLQFROXPQ$NH\WRWKHODGGHUORJLFV\PEROV
LVJLYHQLQGUDZLQJQXPEHU.$;;VKHHWV 
7KH VFKHPH ORJLF LV H[HFXWHG RQFH HYHU\ WHQ PLOOLVHFRQGV H[HFXWLQJ DOO SDJHV
VHTXHQWLDOO\ VWDUWLQJ ZLWK SDJH   2Q HYHU\ SDJH WKH ORJLF WHVWV DUH H[HFXWHG
FROXPQ E\ FROXPQ IURP OHIW WR ULJKW DFURVV WKH SDJH WKHQ WKH IODJV RU DFWLRQV LQ
FROXPQDUHVHWRUUHVHWDFFRUGLQJWRWKHLQSXWVUHVXOWLQJIURPWKHORJLFWHVWVEHIRUH
WKHQH[WSDJHORJLFLVWHVWHG7KHIODJVRQHDFKSDJHWKHQUHPDLQLQWKHVDPHVWDWH
XQWLO WKDW SDJH LV WHVWHG DJDLQ GXULQJ WKH QH[W ORJLF H[HFXWLRQ  ,W LV LPSRUWDQW WR
UHPHPEHUWKDWGXULQJWKHORJLFWHVWVRQDQ\SDJHWKHVWDWXVRIDQ\IODJRQWKDWSDJH
LV VHHQ DV LW ZDV DW WKH HQG RI WKH SUHYLRXV H[HFXWLRQ WKH QHZ IODJ VWDWH UHVXOWLQJ
IURPWKHFXUUHQWORJLFH[HFXWLRQLVQRWVHHQLQORJLFWHVWVRQWKDWSDJHXQWLOWKHQH[W
H[HFXWLRQ
,W PD\ EH HDVLHU WR LQWHUSUHW WKH VFKHPH ORJLF LI WKH ODGGHU ORJLF LV UHDG DV DQ
HOHFWURPDJQHWLF VFKHPDWLF GLDJUDP WUHDWLQJ WKH OHIW DQG ULJKW VLGH XSULJKWV DV
SRVLWLYH DQG QHJDWLYH VXSSO\ UDLOV IODJV LQ FROXPQ  DV UHOD\ FRLOV DQG ORJLF WHVW
V\PEROV LQ FROXPQV  WR  DV ´PDNHµ RU ´EUHDNµ UHOD\ FRQWDFWV WLPH GHOD\HG
FRQWDFWV HWF  8VLQJ WKLV DSSURDFK LW LV LPSRUWDQW WR UHPHPEHU L WKH VHTXHQWLDO
SDJH E\ SDJH H[HFXWLRQ DV GHVFULEHG DERYH DQG LL DOO KRUL]RQWDO HOHPHQWV
´FRQGXFWµOHIWWRULJKWRQO\DVLIHDFKLQFRUSRUDWHVDEORFNLQJGLRGH
 /DGGHUORJLFHOHPHQWLGHQWLILFDWLRQ
 ,QSXWV
(DFKODGGHUORJLF´FRQWDFWµDVVRFLDWHGZLWKDVFKHPHORJLFLQSXWPDVNRUXVHULQSXW
LVLGHQWLILHGE\DVKRUWODGGHUQDPHZKLFKLVDQDEEUHYLDWHGYHUVLRQRILWVIXOOGLVSOD\
QDPH(DFKHOHPHQWLVIXUWKHULGHQWLILHG´LQSXWQµRU´XVHULQQµZKHUH´QµUHIHUVWR
WKHSRVLWLRQRIWKHLQSXWLQWKHDVVRFLDWHGOLVWLQ VHFWLRQ RU   /LVW QXPEHULQJ
VWDUWVDW´,QSXWQµQXPEHUVUHIHUWRWKHOLVWSRVLWLRQVRI,13870$6.6QRWWRDQ\
VSHFLILFRSWRLQSXWV
 2XWSXWVDQGVRIWZDUHUHOD\V
(DFKODGGHUVFKHPHORJLFRXWSXWRUFRQWURORXWSXWHOHPHQWKDVDVKRUWODGGHUQDPH
ZKLFK LV DQ DEEUHYLDWHG YHUVLRQ RI LWV IXOO GLVSOD\ QDPH  (DFK ´FRLOµ V\PERO LQ
FROXPQLVIXUWKHULGHQWLILHG´5/QµRU´&6QµZKHUH´QµUHIHUVWRWKHSRVLWLRQRIWKH
RXWSXWLQWKHDVVRFLDWHGOLVWLQVHFWLRQRU/LVWQXPEHULQJVWDUWVDW´5/Qµ
QXPEHUVUHIHUWRWKHOLVWSRVLWLRQVRIRXWSXW5(/$<0$6.6QRWWRDQ\VSHFLILFRXWSXW
UHOD\FRQWDFWV
(DFKLQWHUQDOVFKHPHORJLFIODJRU´VRIWZDUHUHOD\µKDVDVKRUWODGGHUQDPHEXWQR
RWKHULGHQWLILFDWLRQ
6HUYLFH0DQXDO 5(

.$96 3DJH

(DFK ´FRQWDFWµ DVVRFLDWHG ZLWK D VFKHPH ORJLF RXWSXW FRQWURO RXWSXW RU VRIWZDUH
UHOD\ LV LGHQWLILHG E\ WKH VDPH ODGGHU QDPH ZLWK D UHIHUHQFH XQGHUQHDWK WR WKH
ODGGHUSDJHQXPEHUDQGURZQXPEHU3Q5QZKHUHWKHDVVRFLDWHG´FRLOµLVORFDWHG
LQWKHODGGHUORJLF
 6RIWZDUHVFKHPHIXQFWLRQOLQNV
(DFK VFKHPH IXQFWLRQ OLQN ´FRQWDFWµ LV LGHQWLILHG E\ WKH DVVRFLDWHG VFKHPH IXQFWLRQ
OLQNQXPEHU)1&7Q
 2WKHUHOHPHQWV
7LPHUVHWWLQJVFRXQWHUUHJLVWHUVDQGFRXQWHUWDUJHWVHWWLQJVXVHGLQWKHVFKHPHORJLF
DUHDOOLGHQWLILHGE\DVKRUWODGGHUQDPHZKLFKLVDQDEEUHYLDWLRQRIWKHDVVRFLDWHG
IXOOGLVSOD\QDPHOLVWHGLQVHFWLRQRU

Logic Inputs Control Outputs

Ladder Name Display Name Menu Cell Ladder Name Display Name Menu Cell

STARTCS INP Start ChSyn 0B01 SYNSTART CTL Start Synch 0201

STARTSS INP Start SysSyn 0B02 CHSYNOK CTL Check Syn OK 0202

NODLCCS INP Inh DLLB/ChS 0B04 SYSSYNOK CTL SystemSyn OKt 0203

NODBCCS INP Inh LLDB/ChS 0B05 DLLBIND CTL D.Line/L.Bus 0204

NODLDBCS INP Inh DLDB/ChS 0B06 LLDBIND CTL L.Line/D.Bus 0205

NODLCSS INP Inh DLLB/SyS 0B08 DLDBIND CTL D.Line/D/Bus 2060

NODBCSS INP LLDB/SyS 0B09 LOWVOLTS CTL Undervoltage 0207

NODLDBSS INP Inh DLDB/Sys 0B0A DIFFVOLT CTL Diff Voltage 0208

NOSPLIT INP Inh SysSplit 0B0B SYSSPLIT CTL System Split 0209

Output Relays AUTO SS CTL Auto Sys Syn 020A

Ladder Name Display Name Menu Cell HOLD CTL Sync Blocked 020B

START RLY Start Synch 0C01 V OK CS CTL VLVB Healthy 020C

CHSYN RLY Check Syn OK 0C02

SYSSYN RLY SystemSyn OK 0C03

Timer Settings

DLLB RLY D.Line/L.Bus 0C04 Range (Sec) Display Name Menu Cell

LLDB RLY L.Line/D.Bus 0C05 0.01 - 9999 TMR SSyn MaxTime 0801

DLDB RLY D.Line/D.Bus 0C06 0.01 - 9999 TMR Splt Dly DO 0802

UV RLY Undervoltage 0C07

0.01 - 9999 TMR SSyn Reset Tm 0803

DIFFV RLY Diff Voltage 0C08

SPLIT RLY System Split 0C09

DLLBCHS RLY DLLB/ChSyn OC0A

LLDBCHS RLY LLDB/ChSyn OC0B

DLDBCHS RLY DLDB/ChSyn OC0C

DLLBSYS Rly DLLB/SysSyn OC0D

LLBSYS RLY LLDB/SysSyn OC0E

DLDBSYS RLY DLDB/SysSyn OC0F

V OK RL RLY VLVB Healthy OC10

P1066ENc

)LJXUH 6FKHPHORJLFGLDJUDP.$96'UJ1R.$96

5( 6HUYLFH0DQXDO

3DJH .$96

P1068ENb

)LJXUH 6FKHPHORJLFGLDJUDP.$96'UJ1R.$96

6HUYLFH0DQXDO 5(

.$96 3DJH

P1069ENb

)LJXUH 6FKHPHORJLFGLDJUDP.$96'UJ1R.$96

5( 6HUYLFH0DQXDO

3DJH .$96

P1070ENb

)LJXUH 6FKHPHORJLFGLDJUDP.$96'UJ1R.$96

6HUYLFH0DQXDO 5(

.$96 3DJH

P1071ENc

)LJXUH 6FKHPHORJLFGLDJUDP.$96'UJ1R.$96

5( 6HUYLFH0DQXDO

3DJH .$96

P1120ENb

)LJXUH 5HOD\VHWWLQJV7\SH.$966WDQGDUGIDFWRU\VHWWLQJV

6HUYLFH0DQXDO 5(

.$96 3DJH

Ladder Diagram Symbols (Columns 1 – 6)

N/O Software "contact" which is closed when the named relay input is energised.
N/C Software "contact" which is open when the named relay input is energised.
N/O Software "contact" which is closed when the named software "relay" is operated.
N/C Software "contact" which is open when the named software "relay" is operated.
N/O Software "link" which is closed when the named software "FNCT" is set to 1.
N/C Software "link" which is open when the named software "FNCT" is set to 1.
"L" T "R" Node "R" is energised when node "L" has been energised for specified time and de-
DPU energised when "L" is de-energised.
"L" T "R" Node "R" is energised when node "L" is energised and remains energised for specified
DDU time after node "L" is de-energised.
"L" T "R" Node "R" is energised when node "L" changes from dead to live and remains energised
PLS for specified period irrespective of node "L".
== N/O software "contact" which is closed when the named counter register is equal to
the specified reference value.
>= N/O software "contact" which is closed when the named counter register is greater
than or equal to the specified reference value.
<= N/O software "contact" which is closed when the named counter register is less than
or equal to the specified reference value.
DEADLINE
LIVE BUS
N/O software "contact" which is closed when the line VT input is dead and the bus
MONITOR
VT input is live.
LIVELINE
DEAD BUS
N/O software "contact" which is closed when the bus VT input is dead and the line
MONITOR
VT input is live.
DEADLINE
DEAD BUS N/O software "contact" which is closed when the line VT and bus VT inputs are both
MONITOR
dead.
PHASE
ANGLE
N/O software "contact" which is closed when line VT and bus VT inputs meet the
selected "phase angle" measurement criteria.
SYSTEM
ANGLE
N/O software "contact" which is closed when line VT and bus VT inputs meet the
selected "system angle" measurement criteria.
SYSTEM
SPLIT
N/O software "contact" which is closed when line VT and bus VT inputs meet the
selected "system split" measurement criteria.
UNDER
VOLTAGE
Software "contact", N/o or N/C depending on setting of CSS FN link C, which operates
when either line VT or bus VT volts is below the selected "undervoltage" setting.
DIFF
VOLTAGE
Software "contact", N/O or N/C depending on setting of CSS FN link E, which operates
when voltage magnitude difference between line VT and bus VT is above the selected
"differential voltage" setting.

Permanently closed software "links"

Note 1. Logic is "one way only" (left to right) in horizontal contacts and links. Logic
flow is both up and down in vertical links.

P2126ENA

)LJXUH .$;;6KHHW
5( 6HUYLFH0DQXDO

3DJH .$96

Ladder Diagram Symbols (Column 7)

"L" Software "relay": Operates when node "L" is energised.

"L" Software "Relay" with power off memory: Recalls its previous status when dc auxiliary
M
supply is restored after interruption.
"L"
B Software "relay" blocks access to the named function of the user interface when live.
"L"
Software "relay" with LED indicator.

"L" Software "relay" with output element having contacts wired to relay terminals (relay
number RL – given in brackets. Output contacts shown on extrtnal connections diagram).
"L"
INC+ Named counter register increments by 1 when node "L" changes from dead to live.
"L"
INC– Named counter register increments by 1 when node "L" changes from live to dead.
"L"
RES+ Named counter register resets to zero when node "L" changes from dead to live.
"L"
RES– Named counter register resets to zero when node "L" changes from live to dead.
"L"
DEC+ Named counter register decrements by 1 when node "L" changes from dead to live.
"L"
DEC– Named counter register decrements by 1 when node "L" changes from live to dead.

)LJXUH .$;;6KHHW
6HUYLFH0DQXDO 5(

.$96 3DJH

P1067ENa

)LJXUH 7\SLFDODSSOLFDWLRQGLDJUDP0LGRVFKHFNV\QFKURQLVLQJUHOD\
W\SH.$96
5( 6HUYLFH0DQXDO

3DJH .$96

 7(&+1,&$/'$7$
 5DWLQJV
,QSXWV

,QSXWYROWDJH9Q 1RPLQDOUDWLQJ 2SHUDWLYHUDQJH

.$95DQG.$96RQO\ 9 ²9

$X[LOLDU\YROWDJH9[ 1RPLQDOUDWLQJ 2SHUDWLYHUDQJH $EVROXWH

PD[LPXP
GFVXSSO\ DF+]
$X[LOLDU\SRZHUHG ²9DFGF ²9 ²9 9FUHVW
²9DFGF ²9 ²9 9FUHVW

)UHTXHQF\)Q 1RPLQDOUDWLQJ 5HIHUHQFH5DQJH

)UHTXHQF\WUDFNLQJ +]RU+] ²+]
1RQWUDFNLQJ 1RQWUDFNLQJ ²+]RU²+]

2SWR,VRODWHG,QSXWV 1RPLQDOUDWLQJ 5HIHUHQFHUDQJH

6XSSO\ 9GFRQO\ ²9GFRQO\
 2XWSXWV
)LHOGYROWDJH 9GFFXUUHQWOLPLWHGWRP$
 %XUGHQV
 9ROWDJHFLUFXLWV
9$DW9
9$DW9
9$DW9
 $X[LOLDU\YROWDJH

'&VXSSO\ ²: DW9[PD[ZLWKQRRXWSXWUHOD\VRUORJLFLQSXWV

HQHUJLVHG
²: DW9[PD[ZLWKRXWSXWUHOD\VDQGORJLFLQSXWV
HQHUJLVHG
²: DW9[PD[ZLWKDOORXWSXWUHOD\VDQGORJLFLQSXWV
HQHUJLVHG
$&VXSSO\ ²9$ DW9[PD[ZLWKQRRXWSXWUHOD\VRUORJLFLQSXWV
HQHUJLVHG
²9$ DW9[PD[ZLWKRXWSXWUHOD\VDQGORJLFLQSXWV
HQHUJLVHG
²9$ DW9[PD[ZLWKDOORXWSXWUHOD\VDQGORJLFLQSXWV
HQHUJLVHG
6HUYLFH0DQXDO 5(

.$96 3DJH

 2SWRLVRODWHGLQSXWV
'&VXSSO\ :SHULQSXW9NΩ
 6HWWLQJUDQJHV
 $XWRUHFORVHVHWWLQJV
7LPHUVHWWLQJUDQJH
7KHGHIDXOWVHWWLQJUDQJHIRUDOOWLPHUVLVWRVHFRQGV
0RUHUHVWULFWLYHOLPLWVPD\EHDSSOLHGWRHDFKWLPHU6HHWKHVFKHPHGRFXPHQWDWLRQ
IRUGHWDLOV
&RXQWHUVHWWLQJUDQJH
7KHGHIDXOWVHWWLQJUDQJHIRUDOOFRXQWHUVHWWLQJVLVWR
0RUH UHVWULFWLYH OLPLWV PD\ EH DSSOLHG WR HDFK FRXQWHU  6HH WKH VFKHPH
GRFXPHQWDWLRQIRUGHWDLOV
 &KHFNV\QFKURQLVPVHWWLQJV

8QGHUYROWDJHGHWHFWRU
9ROWDJHVHWWLQJUDQJH WR9UPV
9ROWDJHVHWWLQJVWHS 9
2SHUDWH “RIWKHVHWYDOXH
5HVHW RIRSHUDWLRQ
'LIIHUHQWLDOYROWDJHGHWHFWRU
9ROWDJHVHWWLQJUDQJH WR9UPV
9ROWDJHVHWWLQJVWHS 9
2SHUDWH “RIWKHVHWYDOXH
5HVHW !RIVHWWLQJ
3KDVHDQJOHPHDVXUHPHQW
6HWWLQJUDQJH ƒWRƒ
6HWWLQJVWHS ƒ
2SHUDWHVDW VHWWLQJ²ƒ
5HVHWVDW RSHUDWHYDOXH²ƒ
6OLSIUHTXHQF\
6HWWLQJUDQJH WR+]
6HWWLQJVWHS +]
%ORFNVDW VHWWLQJ“P+]
6OLSWLPHU
6HWWLQJUDQJH WRVHFRQGV
6HWWLQJVWHS VHFRQGV
6\VWHPVSOLW
6HWWLQJUDQJH ƒWRƒ
6HWWLQJVWHS ƒ
5( 6HUYLFH0DQXDO

3DJH .$96

2SHUDWHVDW VHWWLQJ²ƒ
5HVHWVDW RSHUDWHYDOXH²ƒ
6SOLWWLPHU
6HWWLQJUDQJH WRVHFRQGV
6HWWLQJVWHS VHFRQGV
6\VWHPDQJOHPHDVXUHPHQW
6HWWLQJUDQJH ƒWRƒ
6HWWLQJVWHS ƒ
2SHUDWHVDW VHWWLQJ²ƒ
5HVHWVDW RSHUDWHYDOXH²ƒ
6\VWHPVOLSIUHTXHQF\
6HWWLQJUDQJH WR+]
6HWWLQJVWHS +]
%ORFNVDW VHWWLQJ“P+]
6\VWHPWLPHU
6HWWLQJUDQJH WRVHFRQGV
6HWWLQJVWHS VHFRQGV
/LYHYROWDJH
6HWWLQJUDQJH 'HDGYROWDJHVHWWLQJWR9
6HWWLQJVWHS 9
2SHUDWHVDW “RIVHWWLQJ
5HVHWVDW !RIRSHUDWHYDOXH
'HDGYROWDJH
6HWWLQJUDQJH 9WROLYHYROWDJHVHWWLQJ
6HWWLQJVWHS 9
2SHUDWHVDW “RIVHWWLQJ
5HVHWVDW RIRSHUDWHYDOXH

1RWH 7KH OLYH YROWDJH VHWWLQJ FDQQRW EH VHW WR OHVV WKDQ WKH GHDG
YROWDJH VHWWLQJ DQG WKH GHDG YROWDJH VHWWLQJ FDQQRW EH VHW WR
JUHDWHUWKDQWKHOLYHYROWDJHVHWWLQJ
 0HDVXUHPHQWGLVSOD\HG

9ROWDJH 9LQ[97UDWLR IRU9/LQHDQG9%XV

3KDVHDQJOH “ƒ $QJOHEHWZHHQ9/LQHDQG9%XV
6\VWHPIUHTXHQF\ ²+] )UHTXHQF\RI9/LQH
6OLSIUHTXHQF\ “+] 'LIIHUHQFHLQIUHTXHQF\EHWZHHQ9/LQH
DQG9%XV
 5DWLRV

97UDWLRV WR 'HIDXOW 

6HUYLFH0DQXDO 5(

.$96 3DJH

 $FFXUDF\
 *HQHUDOIRUUHIHUHQFHFRQGLWLRQV

$PELHQWWHPSHUDWXUH ƒ&
)UHTXHQF\ +]RU+]ZKLFKHYHUVHW
$X[LOLDU\YROWDJH 9WR9DX[SRZHUHG
9WR9DX[SRZHUHG
$XWRUHFORVHWLPHUV
“
7KHRSHUDWLQJWLPHIRUVFKHPHORJLFIXQFWLRQVLVDOVRDIIHFWHGE\
− 7KHLQSXWVDPSOLQJWLPH[V\VWHPSHULRG
− 7KHQXPEHURIH[HFXWLRQVRIWKHODGGHUFRGHQHHGHGWRSHUIRUPWKHIXQFWLRQ
$QH[HFXWLRQRFFXUVHYHU\PV
− 7KHWLPHIRUDQRXWSXWUHOD\WRFORVHLWVFRQWDFWVW\SLFDOO\PV

8QGHUYROWDJHGHWHFWRU
2SHUDWLRQ “RIWKHVHWYDOXH
5HVHW RIRSHUDWLRQ
'LIIHUHQWLDOYROWDJHGHWHFWRU
2SHUDWLRQ “RIWKHVHWYDOXH
5HVHW !RIRSHUDWLRQ
3KDVHDQJOHDQGV\VWHPDQJOHPHDVXUHPHQW
2SHUDWLRQ VHWWLQJ²ƒ
5HVHWV RSHUDWHYDOXH²ƒ
6OLSIUHTXHQF\DQGV\VWHPVOLSIUHTXHQF\
2SHUDWLRQ VHWWLQJ“+]
5HVHW VHWWLQJ“+]
6SOLWDQJOHPHDVXUHPHQW
2SHUDWLRQ VHWWLQJ²ƒ
5HVHWV RSHUDWHYDOXH²ƒ
&KHFNV\QFKURQLVPWLPHUV
$OOWLPHUV “WRPV
/LYHYROWDJHPRQLWRU
2SHUDWLRQ “RIWKHVHWYDOXH
5HVHW RIRSHUDWLRQ
'HDGYROWDJHPRQLWRU
2SHUDWLRQ “RIWKHVHWYDOXH
5HVHW RIRSHUDWLRQ
0HDVXUHPHQWV
9ROWDJH “RIUHDGLQJ“9QW\SLFDO
5( 6HUYLFH0DQXDO

3DJH .$96

)UHTXHQF\²+] “RIUHDGLQJ“)QW\SLFDO

3KDVHDQJOH “ƒW\SLFDO
 ,QIOXHQFLQJTXDQWLWLHV

$PELHQWWHPSHUDWXUH 2SHUDWLYHUDQJH²ƒ&WRƒ&
9ROWDJHVHWWLQJV SHUƒ&
2SHUDWLRQWLPHV 
$QJOHPHDVXUHPHQW ƒ
)UHTXHQF\ 2SHUDWLYHUDQJHWR+]
9ROWDJHVHWWLQJV 
2SHUDWLRQWLPHV 
$QJOHPHDVXUHPHQW ƒ
$X[LOLDU\VXSSO\ 1RPLQDO 2SHUDWLYHUDQJH
9 WR9GFDX[SRZHUHG
WR9DFDX[SRZHUHG
9 WR9GFDX[SRZHUHG
WR9DFDX[SRZHUHG
9ROWDJHVHWWLQJV 
2SHUDWLRQWLPHV 
$QJOHPHDVXUHPHQW ƒ
 2SWRLVRODWHGFRQWUROLQSXWV

&DSWXUHWLPH “PVDW+]
“PVDW+]
5HOHDVHWLPH “PVDW+]
“PVDW+]
0D[LPXPVHULHVOHDGUHVLVWHQFH NΩRSWRVLQSDUDOOHO
0D[LPXPDFLQGXFHGORRSYROWDJH !9UPVWKHUPDOOLPLW
0D[LPXPFDSDFLWDQFHFRXSOHGDFYROWDJH !9UPVYLD—)
 &RQWDFWV

2XWSXWUHOD\VWR
7\SH PDNHFRQWDFWVFRQQHFWHGLQVHULHV
5DWLQJ
0DNHDQGFDUU\FRQWLQXRXVO\ $
0DNHDQGFDUU\IRUV $
%UHDN DF 9$ZLWKPD[LPDRI$DQG9
GF :UHVLVWLYH:LQGXFWLYH
/5 VZLWKPD[LPDRI$DQG
9
:DWFKGRJ PDNHDQGEUHDN
6HUYLFH0DQXDO 5(

.$96 3DJH

7\SH
5DWLQJ
0DNHDQGFDUU\FRQWLQXRXVO\ $
0DNHDQGFDUU\IRUV $
%UHDN DF 9$ZLWKPD[LPDRI$DQG9
GF :UHVLVWLYH:LQGXFWLYH
/5 VZLWKPD[LPDRI$DQG
9
 2SHUDWLRQLQGLFDWRU
OLJKWHPLWWLQJGLRGHV²LQWHUQDOO\SRZHUHG
FKDUDFWHUE\OLQHOLTXLGFU\VWDOGLVSOD\ZLWKEDFNOLJKW
 &RPPXQLFDWLRQSRUW

/DQJXDJH &285,(5
7UDQVPLVVLRQ 6\QFKURQRXV²(,$56YROWDJHOHYHOV
)UDPHIRUPDW +'/&
%DXGUDWH NELWV
.%XVFDEOH 6FUHHQHGWZLVWHGSDLU
.%XVFDEOHOHQJWK PRIFDEOH
.%XVORDGLQJ XQLWVPXOWLGURSV\VWHP
 +LJKYROWDJHZLWKVWDQG
 ,QVXODWLRQ
N9UPVIRURQHPLQXWHEHWZHHQDOOWHUPLQDOVDQGFDVHHDUWKH[FHSWWHUPLQDO
N9UPVIRURQHPLQXWHEHWZHHQWHUPLQDOVRILQGHSHQGHQWFLUFXLWVLQFOXGLQJFRQWDFW
FLUFXLWV
N9UPVDFURVVRSHQFRQWDFWVRIRXWSXWUHOD\VWR
N9UPVIRUPLQXWHDFURVVRSHQFRQWDFWVRIWKHZDWFKGRJUHOD\
 ,PSXOVH,(&
N9SHDN—V-EHWZHHQDOOWHUPLQDOVDQGDOOWHUPLQDOVWRFDVHHDUWK
 +LJKIUHTXHQF\GLVWXUEDQFH,(&
N9SHDNEHWZHHQLQGHSHQGHQWFLUFXLWVDQGFDVH
 )DVWWUDQVLHQW,(&

&ODVVN9 UHOD\FRQWDFWFLUFXLWV

&ODVVN9 UHOD\FRQWDFWVZLWKH[WHUQDOILOWHU
&ODVVN9 DOORWKHUFLUFXLWV
5( 6HUYLFH0DQXDO

3DJH .$96

 6WDWLFGLVFKDUJHWHVW

&ODVVN9 GLVFKDUJHLQDLUZLWKFRYHULQSODFH

&ODVVN9 SRLQWFRQWDFWGLVFKDUJHZLWKFRYHUUHPRYHG

 $16,,(((VWDQGDUGV&
7KH UHOD\ DOVR FRPSOLHV ZLWK WKH DSSURSULDWH $16,,((( VWDQGDUGV IRU SRZHUV\VWHP
SURWHFWLRQUHOD\V
 (QYLURQPHQWDO
 7HPSHUDWXUH,(&

6WRUDJHDQGWUDQVLW ²ƒ&WRƒ&
2SHUDWLQJ ²ƒ&WRƒ&
 +XPLGLW\,(&
GD\VDWUHODWLYHKXPLGLW\DQGƒ&
 (QFORVXUHSURWHFWLRQ,(&
,3'XVWSURWHFWHG
 9LEUDWLRQ,(&
JEHWZHHQ+]DQG+]
PPSHDNWRSHDNEHWZHHQ+]DQG+]
 0HFKDQLFDOGXUDELOLW\
RSHUDWLRQVPLQLPXP
 0RGHOQXPEHUV

Configuration (i.e. settings as supplied)

and connection diagram (sheet number
varies with external connection
arrangements).

KAVS100 CO CS RTG A

}
Issue
Ratings
Case details Mechanical assembly
Relay type P1073ENa
6HUYLFH0DQXDO 5(

.$96 3DJH

KAVS 1 XX

Programs numbered sequentially

1 - Programs generated in UK
2 - Programs generated in USA
3 - Programs generated in Canada
4 - Programs generated in South Africa
5 - Programs generated in Australia
VTR - Autoreclose relay
AVS - Check synchronism relay
AVR - Autoreclose relay with integral check synchronism

K - K-Series Midos

C0

01 - Standard configuration

CS

1 - Back connected flush mounting (standard mounting)

May be used as an additional digit for configuration later
D - Midos case size 4 (Yellow)
F - Midos case size 4 (Blue)

RTG

E- Standard
A- Vn - 0V 50/60Hz
J- Vn - 57-120V 50/60Hz
2- Vx - 24-125V AC/DC (auxiliary powered version)
5- Vx - 48-250V AC/DC (auxiliary powered version)

1RWH ,QLWLDO SURGXFWLRQ UHOD\V ZLOO KDYH WKH YROWDJH UDWLQJ PDUNHG DV
9Q  9 DQG ODWHU PRGHOV WKLV ZLOO EH PDUNHG  ² 9
7KH YROWDJH UDWLQJ DQG RSHUDWLRQDO UDQJH LV WKH VDPH IRU ERWK
PDUNHGUDWLQJVDQGWKHRQO\GLIIHUHQFHLVLQWKHODEHODIIL[HGWR
WKHUHOD\
5( 6HUYLFH0DQXDO

3DJH .$96

 &200,66,21,1*
 &RPPLVVLRQLQJSUHOLPLQDULHV
:KHQFRPPLVVLRQLQJD.6HULHVUHOD\IRUWKHILUVWWLPHWKHHQJLQHHUVVKRXOGDOORZDQ
KRXUWRJHWIDPLOLDUZLWKWKHPHQX3OHDVHUHDG6HFWLRQZKLFKSURYLGHVVLPSOH
LQVWUXFWLRQVIRUQHJRWLDWLQJWKHUHOD\PHQXXVLQJSXVKEXWWRQV[F] [+] [–]DQG[0]RQ
WKHIURQWRIWKHUHOD\,QGLYLGXDOFHOOVFDQEHYLHZHGDQGWKHVHWWDEOHYDOXHVFDQEH
FKDQJHGE\WKLVPHWKRG
,I D SRUWDEOH 3& LV DYDLODEOH WRJHWKHU ZLWK D .%XV LQWHUIDFH XQLW DQG WKH
FRPPLVVLRQLQJVRIWZDUHWKHQWKHPHQXFDQEHYLHZHGDSDJHDWDWLPHWRGLVSOD\D
IXOO FROXPQ RI GDWD DQG WH[W  6HWWLQJV DUH DOVR PRUH HDVLO\ HQWHUHG DQG WKH ILQDO
VHWWLQJVFDQEHVDYHGWRDILOHRQDGLVNIRUIXWXUHUHIHUHQFHRUSULQWLQJDSHUPDQHQW
UHFRUG7KHLQVWUXFWLRQVDUHSURYLGHGZLWKWKH&RXULHU$FFHVVVRIWZDUH
 4XLFNJXLGHWRORFDOPHQXFRQWURO

:LWKWKHFRYHULQSODFHRQO\WKH[F]DQG[0]SXVKEXWWRQVDUHDFFHVVLEOHVRGDWDFDQ
RQO\EHUHDGRUIODJDQGFRXQWHUIXQFWLRQVUHVHW1RVHWWLQJVFDQEHFKDQJHG,QWKH
WDEOH[F]ORQJLQGLFDWHVWKDWWKHNH\LVSUHVVHGIRUDWOHDVWVHFRQGDQG[F]VKRUWIRU
OHVVWKDQVHFRQGV7KLVDOORZVWKHVDPHNH\WRSHUIRUPPRUHWKDQRQHIXQFWLRQ
 :LWKWKHFRYHUILWWHGWRWKHFDVH

&XUUHQWGLVSOD\ .H\ (IIHFWRIDFWLRQ

SUHVV

'HIDXOWGLVSOD\RU [F]VKRUW 'LVSOD\FKDQJHVWRQH[WLWHPLQOLVWLIDQ\

6FKHPHDODUPV DYDLODEOH
[F]ORQJ 'LVSOD\FKDQJHVWRILUVWPHQXFROXPQKHDGLQJ
6<67(0'$7$

[0]VKRUW
RU %DFNOLJKWWXUQV21
[0]ORQJ

&ROXPQ+HDGLQJ [0]VKRUW %DFNOLJKWWXUQV21

[0]ORQJ 5HWXUQVWRWKHVHOHFWHGGHIDXOWGLVSOD\RU
VFKHPHDODUPVZLWKRXWZDLWLQJIRUWKH
PLQXWHGHOD\
$Q\ZKHUHLQPHQX [F]VKRUW 'LVSOD\VWKHQH[WLWHPRIGDWDLQWKHFROXPQ
[F]ORQJ 'LVSOD\VWKHKHDGLQJIRUWKHQH[WFROXPQ

[0]VKRUW %DFNOLJKWWXUQV21

[0]ORQJ ,IDUHVHWWDEOHFHOOLVGLVSOD\HGLWZLOOEHUHVHW

7DEOH
6HUYLFH0DQXDO 5(

.$96 3DJH

 :LWKWKHFRYHUUHPRYHGIURPWKHFDVH

&XUUHQWGLVSOD\ .H\ (IIHFWRIDFWLRQ

SUHVV

&ROXPQ+HDGLQJ [+] 0RYHWRQH[WFROXPQKHDGLQJ

[–] 0RYHWRSUHYLRXVFROXPQKHDGLQJ
$VHWWDEOHFHOO [+] or [–] 3XWVWKHUHOD\LQWKHVHWWLQJPRGHIODVKLQJ
FXUVRURQERWWRPOLQHRIGLVSOD\LIWKHFHOOLV
QRWSDVVZRUGSURWHFWHGRUEORFNHGLQWKH
ODGGHUGLDJUDP
6HWWLQJPRGH [+] ,QFUHPHQWVYDOXH
[–] 'HFUHPHQWVYDOXH
[F]
&KDQJHVWRWKHFRQILUPDWLRQGLVSOD\
,IIXQFWLRQOLQNVUHOD\RULQSXWPDVNVDUH
GLVSOD\HGWKHQWKH[F]NH\ZLOOVWHSWKURXJK
WKHPIURPOHIWWRULJKW$IXUWKHUNH\SUHVV
ZLOOFKDQJHWRWKHFRQILUPDWLRQGLVSOD\
[0] (VFDSHVIURPWKHVHWWLQJPRGHZLWKRXWVHWWLQJ
EHLQJFKDQJHG

&RQILUPDWLRQ [+] &RQILUPVVHWWLQJDQGHQWHUVQHZYDOXH

GLVSOD\ [–] 5HWXUQVSURVSHFWLYHYDOXHRIVHWWLQJIRU
FKHFNLQJDQGIXUWKHUPRGLILFDWLRQ
[0] (VFDSHVIURPWKHVHWWLQJPRGHZLWKRXWWKH
VHWWLQJEHLQJFKDQJHG
7DEOH
 7HUPLQDODOORFDWLRQ
5HIHUHQFH VKRXOG EH PDGH WR WKH GLDJUDP VXSSOLHG ZLWK HYHU\ UHOD\  7KH GLDJUDP
QXPEHU ZLOO EH IRXQG RQ WKH ODEHO IL[HG LQVLGH WKH FDVH WR WKH OHIW KDQG VLGH
6HFWLRQRIWKHGRFXPHQWSURYLGHVXVHIXOQRWHVRQWKHFRQQHFWLRQVWRWKHUHOD\
 (OHFWURVWDWLFGLVFKDUJH(6'
6HHUHFRPPHQGDWLRQVLQ6HFWLRQRIWKLVVHUYLFHPDQXDOEHIRUHKDQGOLQJWKHPRGXOH
RXWVLGHLWVFDVH
 ,QVSHFWLRQ
&DUHIXOO\ H[DPLQH WKH PRGXOH DQG FDVH WR VHH WKDW QR GDPDJH KDV RFFXUUHG VLQFH
LQVWDOODWLRQ DQG YLVXDOO\ FKHFN WKH FXUUHQW WUDQVIRUPHU VKRUWLQJ VZLWFKHV LQ WKH FDVH
DUH ZLUHG LQWR WKH FRUUHFW FLUFXLW DQG DUH FORVHG ZKHQ WKH PRGXOH LV ZLWKGUDZQ
&KHFN WKH VHULDO QXPEHU RQ WKH PRGXOH FDVH DQG FRYHU DUH LGHQWLFDO DQG WKDW WKH
PRGHOQXPEHUDQGUDWLQJLQIRUPDWLRQLVFRUUHFW
&KHFN WKDW WKH H[WHUQDO ZLULQJ LV FRUUHFW WR WKH UHOHYDQW UHOD\ GLDJUDP RU VFKHPH
GLDJUDP7KHUHOD\GLDJUDPQXPEHUDSSHDUVLQVLGHWKHFDVHRQDODEHODWWKHOHIW
KDQGVLGH7KHVHULDOQXPEHURIWKHUHOD\DOVRDSSHDUVRQWKLVODEHOWKHLQVLGHRIWKH
FRYHU DQG RQ WKH IURQW SODWH RI WKH UHOD\ PRGXOH  7KH VHULDO QXPEHUV PDUNHG RQ
WKHVH WKUHH LWHPV VKRXOG PDWFK WKH RQO\ WLPH WKDW WKH\ PD\ QRW PDWFK LV ZKHQ D
IDLOHGUHOD\PRGXOHKDVEHHQUHSODFHGIRUFRQWLQXLW\RISURWHFWLRQ
5( 6HUYLFH0DQXDO

3DJH .$96

:LWK WKH UHOD\ UHPRYHG IURP LWV FDVH HQVXUH WKDW WKH VKRUWLQJ VZLWFKHV EHWZHHQ
WHUPLQDOVDQGDQGDQGDQGDUHFORVHGE\FKHFNLQJZLWK
DFRQWLQXLW\WHVWHU
 (DUWKLQJ
(QVXUH WKDW WKH FDVH HDUWKLQJ FRQQHFWLRQ DERYH WKH UHDU WHUPLQDO EORFN LV XVHG WR
FRQQHFWWKHUHOD\WRDORFDOHDUWKEDUDQGZKHUHWKHUHLVPRUHWKDQRQHUHOD\ WKH
FRSSHUHDUWKEDULVLQSODFHFRQQHFWLQJWKHHDUWKWHUPLQDOVRIHDFKFDVHLQWKHVDPH
WLHUWRJHWKHU
 0DLQFXUUHQWWUDQVIRUPHUV
'212723(1&,5&8,77+(6(&21'$5<&,5&8,72)$/,9(&76,1&(7+(
+,*+ 92/7$*( 352'8&(' 0$< %( /(7+$/ 72 3(56211(/ $1' &28/'
'$0$*(,168/$7,21
 7HVWEORFN
,IWKH00/*WHVWEORFNLVSURYLGHGWKHFRQQHFWLRQVVKRXOGEHFKHFNHGWRWKHVFKHPH
GLDJUDPSDUWLFXODUO\WKDWWKHVXSSO\FRQQHFWLRQVDUHWRWKHOLYHVLGHRIWKHWHVWEORFN
FRORXUHG RUDQJH DQG ZLWK WKH WHUPLQDOV DOORFDWHG RGG QXPEHUV     HWF
7KH DX[LOLDU\ VXSSO\ LV QRUPDOO\ URXWHG YLD WHUPLQDOV  DQG ² EXW FKHFN
DJDLQVWWKHVFKHPDWLFGLDJUDPIRUWKHLQVWDOODWLRQ
 ,QVXODWLRQ
,QVXODWLRQWHVWVRQO\QHHGWREHGRQHZKHQUHTXLUHG
,VRODWH DOO ZLULQJ IURP HDUWK DQG WHVW WKH LQVXODWLRQ ZLWK DQ HOHFWURQLF RU EUXVKOHVV
LQVXODWLRQWHVWHUDWDGFYROWDJHQRWH[FHHGLQJ97HUPLQDOVRIWKHVDPHFLUFXLWV
VKRXOGEHWHPSRUDULO\VWUDSSHGWRJHWKHU
7KHPDLQJURXSVRQWKHUHOD\VDUHJLYHQEHORZEXWWKH\PD\EHPRGLILHGE\H[WHUQDO
FRQQHFWLRQDVFDQEHGHWHUPLQHGIURPWKHVFKHPHGLDJUDP
− 9ROWDJHWUDQVIRUPHUFLUFXLWV
− $X[LOLDU\YROWDJHVXSSO\
− )LHOGYROWDJHRXWSXWDQGRSWRLVRODWHGFRQWUROLQSXWV
− 5HOD\FRQWDFWV
− &RPPXQLFDWLRQSRUW
− &DVHHDUWK
1RWH 'RQRWDSSO\DQLQVXODWLRQWHVWEHWZHHQWKHDX[LOLDU\VXSSO\DQG
WKH FDSDFLWRU GLVFKDUJH WHUPLQDOV EHFDXVH WKH\ DUH SDUW RI WKH
VDPHFLUFXLWDQGLQWHUQDOO\FRQQHFWHG
 &RPPLVVLRQLQJWHVWQRWHV
 (TXLSPHQWUHTXLUHG
$PHDQVRIVZLWFKLQJWKHILHOGYROWDJHRQWRHDFKRSWRLQSXW
7LPHLQWHUYDOPHWHU
0XOWLILQJHUWHVWSOXJW\SH00/%IRUXVHZLWKWHVWEORFNW\SH00/*
&RQWLQXLW\WHVWHU
DFYROWPHWHUV9
6HUYLFH0DQXDO 5(

.$96 3DJH

VXLWDEOHQRQLQGXFWLYHSRWHQWLRPHWHUVWRDGMXVWYROWDJHOHYHO
$PHDQVRIDGMXVWLQJWKHSKDVHUHODWLRQVKLSEHWZHHQWKHYROWDJHV
3KDVHDQJOHPHWHURUWUDQVGXFHU
$SRUWDEOH3&ZLWKVXLWDEOHVRIWZDUHDQGD.,7=.%XV,(&LQWHUIDFH XQLW
ZLOOEHXVHIXOEXWLQQRZD\HVVHQWLDOWRFRPPLVVLRQLQJ
 $X[LOLDU\VXSSO\WHVWV
 $X[LOLDU\VXSSO\
7KHUHOD\FDQEHRSHUDWHGIURPHLWKHUDQDFRUDGFDX[LOLDU\VXSSO\EXWWKHLQFRPLQJ
YROWDJHPXVWEHZLWKLQWKHRSHUDWLQJUDQJHVSHFLILHGLQ7DEOH

5HOD\UDWLQJ '&RSHUDWLQJ $&RSHUDWLQJ 0D[LPXP

9 UDQJH9 5DQJH9DF FUHVWYROWDJH9

 ² ² 

 ² ² 

7DEOH
&$87,21
7KHUHOD\FDQZLWKVWDQGVRPHDFULSSOHRQDGFDX[LOLDU\VXSSO\+RZHYHULQDOO
FDVHVWKHSHDNYDOXHRIWKHDX[LOLDU\VXSSO\PXVWQRWH[FHHGWKHPD[LPXPFUHVW
YROWDJH  'R QRW HQHUJLVH WKH UHOD\ XVLQJ WKH EDWWHU\ FKDUJHU ZLWK WKH EDWWHU\
GLVFRQQHFWHG
 (QHUJLVDWLRQIURPDX[LOLDU\YROWDJHVXSSO\
)RUVHFRQGDU\LQMHFWLRQWHVWLQJXVLQJWKHWHVWEORFNW\SH00/*LQVHUWWHVW SOXJ W\SH
00/%ZLWK&7VKRUWLQJOLQNVILWWHG,WPD\EHQHFHVVDU\WROLQNDFURVVWKHIURQWRI
WKHWHVWSOXJWRUHVWRUHWKHDX[LOLDU\VXSSO\WRWKHUHOD\
,VRODWHWKHUHOD\WULSFRQWDFWVDQGLQVHUWWKHPRGXOH:LWKWKHDX[LOLDU\GLVFRQQHFWHG
IURPWKHUHOD\XVHDFRQWLQXLW\WHVWHUWRPRQLWRUWKHVWDWHRIWKHZDWFKGRJFRQWDFWVDV
OLVWHGLQ7DEOH
&RQQHFWWKHDX[LOLDU\VXSSO\ WR WKH UHOD\  7KH UHOD\ VKRXOG SRZHU XSZLWK WKH /&'
VKRZLQJWKHGHIDXOWGLVSOD\DQGWKHFHQWUHJUHHQ/('EHLQJLOOXPLQDWHGWKLVLQGLFDWHV
WKHUHOD\LVKHDOWK\7KHUHOD\KDVDQRQYRODWLOHPHPRU\ZKLFKUHPHPEHUVWKHVWDWH
21RU2))RIWKHSRZHUIDLOVRIWZDUHUHOD\VZKHQWKHUHOD\ZDVODVWSRZHUHG7KLV
PD\FDXVHDQDODUPWREHVHWZKHQWKHVFKHPHORJLFLVUXQFDXVLQJRQHRUERWKRI
WKH/('LQGLFDWRUVWREHLOOXPLQDWHG:LWKDFRQWLQXLW\FKHFNHUPRQLWRUWKHVWDWHRI
ZDWFKGRJFRQWDFWVDVOLVWHGLQ7DEOH

7HUPLQDOV :LWKUHOD\GHHQHUJLVHG :LWKUHOD\HQHUJLVHG

DQG FRQWDFWFORVHG FRQWDFWRSHQ
DQG FRQWDFWRSHQ FRQWDFWFORVHG

7DEOH
 )LHOGYROWDJH
7KHUHOD\JHQHUDWHVDILHOGYROWDJHWKDWVKRXOGEHXVHGWRHQHUJLVHWKHRSWRLVRODWHG
LQSXWV:LWKWKHUHOD\HQHUJLVHGPHDVXUHWKHILHOGYROWDJHDFURVVWHUPLQDOVDQG
7HUPLQDO  VKRXOG EH SRVLWLYH ZLWK UHVSHFW WR WHUPLQDO  DQG VKRXOG EH ZLWKLQ WKH
UDQJHVSHFLILHGLQ7DEOHZKHQQRORDGLVFRQQHFWHG
5( 6HUYLFH0DQXDO

3DJH .$96

1RPLQDOGFUDWLQJ 5DQJH9
9
 ²

7DEOH
 0HDVXUHPHQWFKHFNV
7RWHVWWKHUHOD\PHDVXUHPHQWIXQFWLRQVDNQRZQYROWDJHVKRXOGEHLQMHFWHGLQWRHDFK
DFLQSXW
:LWKWKH&66975DWLRVHWWLQJHTXDOWRWKHDFWXDO97SULPDU\VHFRQGDU\YROWVUDWLRWKH
GLVSOD\HGPHDVXUHGYDOXHVDQGVHWWLQJVZLOOEHLQWKHHTXLYDOHQW SULPDU\ TXDQWLWLHV
,I&66975DWLRLVVHWWRWKHGLVSOD\HGYDOXHVZLOOEHWKHVHFRQGDU\YROWDJHV
DFWXDOO\DSSOLHGDWWKHUHOD\WHUPLQDOV
$OOPHDVXUHGYDOXHVKDYHDWROHUDQFHRI“
 2SWRLQSXWFKHFNV
7KLVWHVWLVWRFKHFNWKDWDOOWKHRSWRLQSXWVDUHIXQFWLRQLQJFRUUHFWO\7KHVWDWHRIWKH
RSWRLVRODWHG LQSXW FDQ EH YLHZHG IURP WKH >6<6 2SWR 6WDWXV@ GLVSOD\ XQGHU WKH
6<67(0'$7$KHDGLQJ7RHQDEOHHQHUJLVDWLRQRIWKHRSWRLQSXWVWHUPLQDOVKRXOG
EHOLQNHGWRWHUPLQDOVDQG
,IH[WHUQDOHTXLSPHQWLVFRQQHFWHGWRDQ\RIWKHRSWRLQSXWWHUPLQDOVWKLVWHVWFDQEH
XVHGWRFKHFNERWKWKHH[WHUQDOZLULQJDQGFRUUHFWRSHUDWLRQRIWKHH[WHUQDOFRQWDFW
ZKHQWKHUHOHYDQWHTXLSPHQWLVRSHUDWHG
,I H[WHUQDO HTXLSPHQW LV QRW \HW FRQQHFWHG WR DOO RI WKH RSWR LQSXW WHUPLQDOV WKH
XQFRQQHFWHGRSWRLQSXWVPD\EHWHVWHGE\LQGLYLGXDOO\FRQQHFWLQJUHOD\WHUPLQDOWR
WKHUHOHYDQWRSWRLQSXWWHUPLQDOOLVWHGEHORZ

2SWRLQSXWQXPEHU 7HUPLQDO
/ 
/ 
/ 
/ 
/ 
/ 
/ 
/ 

7KH VWDWXV RI HDFK RSWRLQSXW FDQ EH YLHZHG E\ GLVSOD\LQJ >6<6 2SWR 6WDWXV@ ZKLFK
ZLOO EH IRXQG WRZDUGV WKH HQG RI WKH 6<67(0 '$7$ FROXPQ RI WKH PHQX
:KHQHDFKRSWRLVHQHUJLVHGRQHRIWKHFKDUDFWHUVRQWKHERWWRPOLQHRIWKHGLVSOD\
ZLOOFKDQJHWRLQGLFDWHWKHQHZVWDWHRIWKHLQSXWV7KHQXPEHUSULQWHGRQWKHIURQW
SODWH XQGHU WKH GLVSOD\ ZLOO LGHQWLI\ ZKLFK RSWR HDFK FKDUDFWHU UHSUHVHQWV  $ ´µ
LQGLFDWHVDQHQHUJLVHGVWDWHDQGD´µLQGLFDWHVDGHHQHUJLVHGVWDWH
1RWH 7KHRSWRLVRODWHGLQSXWVPD\EHHQHUJLVHGIURPDQH[WHUQDO9
EDWWHU\ LQ VRPH LQVWDOODWLRQV  &KHFN WKDW WKLV LV QRW WKH FDVH
EHIRUH FRQQHFWLQJ WKH ILHOG YROWDJH RWKHUZLVH GDPDJH WR WKH
UHOD\PD\UHVXOW
6HUYLFH0DQXDO 5(

.$96 3DJH

 2XWSXWUHOD\FKHFNV
7KLV WHVW LV WR FKHFN WKDW DOO WKH RXWSXW UHOD\V DUH IXQFWLRQLQJ FRUUHFWO\  7KH RXWSXW
UHOD\VWREHWHVWHGFDQEHVHWLQWKH>/2*7(675(/$<66HOHFW@FHOOXQGHUWKH/2*,&
)81&7,216KHDGLQJDQGWHVWHGLQWKHQH[WFHOO>/2*7(675(/$<6 >@@
7KH RXWSXW UHOD\V FDQ WKHQ EH LQGLYLGXDOO\ WHVWHG E\ PRQLWRULQJ WKH UHOD\ WHUPLQDOV
OLVWHGEHORZ

2XWSXWUHOD\QXPEHU 7HUPLQDOV
 ²
 ²
 ²
 ²
 ²
 ²
 ²
 ²

7KHSURFHGXUHIRUWHVWLQJWKHRXWSXWUHOD\VLV
 (QWHUWKHUHOD\SDVVZRUG
 *RWRWKH>/2*7(675(/$<66HOHFW@FHOO6HWWKHFKDUDFWHURQWKHERWWRPOLQH
RIWKHGLVSOD\FRUUHVSRQGLQJWRHDFKUHOD\WREHWHVWHGWRDQGDOOQRWWREH
WHVWHGWR
 *R WR WKH >/2* 7(67 5(/$<6 >@@ FHOO  3UHVV WKH >@ NH\ DQG WKH VHOHFWHG
UHOD\VZLOOFKDQJHVWDWHIRUDVORQJDVWKHNH\UHPDLQVSUHVVHG
,IWKHVHRSHUDWLRQVDUHSHUIRUPHGXVLQJWKHPDVWHUVWDWLRQWKHUHOD\VZLOOFKDQJHVWDWH
IRUDSSUR[LPDWHO\PV
1RWH %HIRUHRSHUDWLQJWKHRXWSXWUHOD\DVVLJQHGWRUHOD\PDVN5/<&%
&ORVH 6LJ GHIDXOW PDVN VHWWLQJ WR 5/ HQVXUH WKDW WKH &%
FORVLQJFLUFXLWLVLVRODWHG
 6\QFKURQLVPFKHFNHOHPHQWV
8QGHU/2*,&)81&7,216VHW 6FKHPH)Q/LQNV WR
8QGHU5(/$<0$6.6 VHW 5/<6WDUW6\QFK WR
5/<&KHFN6\Q2. WR 
5/<6\VWHP6\Q2. WR 
5/<'/LQH/%XV WR 
5/<//LQH'%XV WR 
5/<'/LQH'%XV WR 
5/<8QGHUYROWDJH WR 
5/<'LII9ROWDJH WR 
5/<6\VWHP6SOLW WR 
DOOUHPDLQGHU WR 
5( 6HUYLFH0DQXDO

3DJH .$96

0RQLWRURXWSXWUHOD\VDVLQVWUXFWHGIRUWKHIROORZLQJWHVWV
1RWH WKDW WKH UHOD\ SDVVZRUG PXVW EH HQWHUHG IRU HYHU\ FKDQJH RI &66 )Q /LQNV
VHWWLQJV
 3KDVHDQJOHFKHFN²LQVWDQWDQHRXVRSHUDWLRQ0RQLWRU5/WHUPLQDOV²
8QGHU&+(&.6<1&+67*6VHW&66)Q/LQNVWR
,QMHFW QRPLQDO YROWDJH LQWR 9 /LQH WHUPLQDOV ² DQG 9 %XV WHUPLQDOV ²
VWDUWLQJZLWKWKHSKDVHDQJOHEHWZHHQWKHPOHVVWKDQ&663KDVH$QJOHVHWWLQJ²ƒ
2XWSXW5/VKRXOGRSHUDWH
6ORZO\ LQFUHDVH WKH SKDVH DQJOH XQWLO 5/ UHVHWV DQG QRWH WKH DQJOH ZKHQ WKLV
KDSSHQV7KLVVKRXOGEHOHVVWKDQ&663KDVH$QJOHVHWWLQJƒ
6ORZO\GHFUHDVHWKHSKDVHDQJOHXQWLO5/UHRSHUDWHVDQGQRWHWKHDQJOHZKHQWKLV
KDSSHQV7KLVVKRXOGEHJUHDWHUWKDQ&663KDVH$QJOHVHWWLQJ²ƒ
 3KDVHDQJOHFKHFN²GHOD\RQRSHUDWLRQ0RQLWRU5/WHUPLQDOV²
8QGHU&+(&.6<1&+67*6FKDQJH&66)Q/LQNVWR
6HWWKHSKDVHDQJOHEHWZHHQ9/LQHDQG9%XVLQSXWVJUHDWHUWKDQ&663KDVH$QJOH
VHWWLQJVRWKDWRXWSXW5/LVUHVHW6ZLWFKWKHSKDVHDQJOHWR]HURDQGPHDVXUHWKH
WLPHIRURXWSXW5/WRRSHUDWH7KLVVKRXOGEHQRWOHVVWKDQ&666\QFK7LPHUVHWWLQJ
²VDQGQRWJUHDWHUWKDQ&666\QFK7LPHUVHWWLQJV
 3KDVH DQJOH FKHFN ² XQGHUYROWDJH EORFNLQJ  0RQLWRU 5/ WHUPLQDOV ² DQG
5/WHUPLQDOV²
8QGHU&+(&.6<1&+67*6FKDQJH&66)Q/LQNVWR
6HWERWKYROWDJHVWRJUHDWHUWKDQ&668QGHUYROWDJHVHWWLQJDQGSKDVHDQJOHWR]HUR
2XWSXW5/VKRXOGEHRSHUDWHGDQG5/UHVHW
6ORZO\UHGXFH9/LQHXQWLO5/UHVHWVDQG5/RSHUDWHVDQGQRWHWKHYDOXHZKHQWKLV
KDSSHQV7KLVVKRXOGEHZLWKLQRU²RI&668QGHUYROWDJHVHWWLQJ
6ORZO\LQFUHDVH9/LQHXQWLO5/UHRSHUDWHVDQG5/UHVHWVDQGQRWHWKHYDOXHZKHQ
WKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²DQGRIWKH´UHVHWµYDOXH
6ORZO\UHGXFH9%XVXQWLO5/UHVHWVDQG5/UHRSHUDWHVDQGQRWHWKHYDOXHZKHQWKLV
KDSSHQV7KLVVKRXOGEHZLWKLQRU²RI&668QGHUYROWDJHVHWWLQJ
6ORZO\LQFUHDVH9%XVXQWLO5/UHRSHUDWHVDQG5/UHVHWVDQGQRWHWKHYDOXHZKHQ
WKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²DQGRIWKH´UHVHWµYDOXH
 3KDVH DQJOH FKHFN ² GLIIHUHQWLDO YROWDJH EORFNLQJ  0RQLWRU 5/ WHUPLQDOV ²
DQG5/WHUPLQDOV²
8QGHU&+(&.6<1&+67*6FKDQJH&66)Q/LQNVWR
6HW ERWK YROWDJHV WR QRPLQDO DQG SKDVH DQJOH WR ]HUR  2XW SXW 5/ VKRXOG EH
RSHUDWHGDQG5/UHVHW
6ORZO\UHGXFH9/LQHXQWLO5/UHVHWVDQG5/RSHUDWHVDQGQRWHWKH9%XV²9/LQH
YDOXH ZKHQ WKLV KDSSHQV  7KLV VKRXOG EH ZLWKLQ ²9 DQG 9 RI &66 'LII 9ROWDJH
VHWWLQJ
6ORZO\LQFUHDVH9/LQHXQWLO5/UHRSHUDWHVDQG5/UHVHWVDQGQRWHWKH9/LQHYDOXH
ZKHQWKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²DQGRIWKH9/LQHYDOXHZKHQ
5/UHVHWLQWKHODVWWHVW
6HUYLFH0DQXDO 5(

.$96 3DJH

&RQWLQXHVORZO\LQFUHDVLQJ9/LQHXQWLO5/UHVHWVDQG5/UHRSHUDWHVDQGQRWHWKH
9/LQH²9%XVYDOXHZKHQWKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²9DQG9RI&66
'LII9ROWDJHVHWWLQJ
6ORZO\UHGXFH9/LQHXQWLO5/UHRSHUDWHVDQG5/UHVHWVDQGQRWHWKH9/LQHYDOXH
ZKHQWKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²DQGRIWKH9/LQHYDOXHZKHQ
5/UHVHWLQWKHODVWWHVW
6ORZO\ UHGXFH 9 %XV XQWLO 5/ UHVHWV DQG 5/ UHRSHUDWHV DQG QRWH WKH 9 /LQH ²
9 %XV YDOXH ZKHQ WKLV KDSSHQV  7KLV VKRXOG EH ZLWKLQ ²9 DQG 9 RI &66 'LII
9ROWDJHVHWWLQJ
6ORZO\LQFUHDVH9%XVXQWLO5/UHRSHUDWHVDQG5/UHVHWVDQGQRWHWKH9%XVYDOXH
ZKHQWKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²DQGRIWKH9%XVYDOXHZKHQ
5/UHVHWLQWKHODVWWHVW
&RQWLQXHVORZO\LQFUHDVLQJ9%XVXQWLO5/UHVHWV DQG 5/ UHRSHUDWHV DQG QRWH WKH
9%XV²9/LQHYDOXHZKHQWKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²9DQG9RI&66
'LII9ROWDJHVHWWLQJ
6ORZO\ UHGXFH 9 %XV XQWLO 5/ UHRSHUDWHV DQG 5/ UHVHWV DQG QRWH WKH 9 %XV YDOXH
ZKHQWKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²DQGRIWKH9%XVYDOXHZKHQ
5/UHVHWLQWKHODVWWHVW
 6\VWHPDQJOHFKHFN²LQVWDQWDQHRXVRSHUDWLRQ0RQLWRU5/WHUPLQDOV²
&RQQHFWUHOD\WHUPLQDOILHOGVXSSO\WRWHUPLQDORSWRLQSXW/
8QGHU&+(&.6<1&+67*6VHW&66)Q/LQNVWR
,QMHFW QRPLQDO YROWDJH LQWR 9 /LQH WHUPLQDOV ² DQG 9 %XV WHUPLQDOV ²
VWDUWLQJ ZLWK WKH SKDVH DQJOH EHWZHHQ WKHP OHVV WKDQ &66 6\VWHP $QJOH VHWWLQJ
²ƒ2XWSXW5/VKRXOGRSHUDWH
6ORZO\ LQFUHDVH WKH SKDVH DQJOH XQWLO 5/ UHVHWV DQG QRWH WKH DQJOH ZKHQ WKLV
KDSSHQV7KLVVKRXOGEHOHVVWKDQ&666\VWHP$QJOHVHWWLQJƒ
6ORZO\GHFUHDVHWKHSKDVHDQJOHXQWLO5/UHRSHUDWHVDQGQRWHWKHDQJOHZKHQWKLV
KDSSHQV7KLVVKRXOGEHJUHDWHUWKDQ&666\VWHP$QJOHVHWWLQJ²ƒ
 6\VWHPDQJOHFKHFN²GHOD\RQRSHUDWLRQ0RQLWRU5/WHUPLQDOV²
8QGHU&+(&.6<1&+67*6FKDQJH&66)Q/LQNVWR
6HWWKHSKDVHDQJOHEHWZHHQ9/LQHDQG9%XVLQSXWVJUHDWHUWKDQ&666\VWHP$QJOH
VHWWLQJVRWKDWRXWSXW5/LVUHVHW6ZLWFKWKHSKDVHDQJOHWR]HURDQGPHDVXUHWKH
WLPH IRU RXWSXW 5/ WR RSHUDWH  7KLV VKRXOG EH QRW OHVV WKDQ &66 6\VWHP 7LPHU
VHWWLQJ²VDQGQRWJUHDWHUWKDQ&666\VWHP7LPHUVHWWLQJV
 6\VWHP DQJOH FKHFN ² XQGHUYROWDJH EORFNLQJ  0RQLWRU 5/ WHUPLQDOV ² DQG
5/WHUPLQDOV²
8QGHU&+(&.6<1&+67*6FKDQJH&66)Q/LQNVWR
6HWERWKYROWDJHVWRJUHDWHUWKDQ&668QGHUYROWDJHVHWWLQJDQGSKDVHDQJOHWR]HUR
2XWSXW5/VKRXOGEHRSHUDWHGDQG5/UHVHW
6ORZO\UHGXFH9/LQHXQWLO5/UHVHWVDQG5/RSHUDWHVDQGQRWHWKHYDOXHZKHQWKLV
KDSSHQV7KLVVKRXOGEHZLWKLQRU²RI&668QGHUYROWDJHVHWWLQJ
6ORZO\LQFUHDVH9/LQHXQWLO5/UHRSHUDWHVDQG5/UHVHWVDQGQRWHWKHYDOXHZKHQ
WKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²DQGRIWKH´UHVHWµYDOXH
5( 6HUYLFH0DQXDO

3DJH .$96

6ORZO\UHGXFH9%XVXQWLO5/UHVHWVDQG5/UHRSHUDWHVDQGQRWHWKHYDOXHZKHQWKLV
KDSSHQV7KLVVKRXOGEHZLWKLQRU²RI&668QGHUYROWDJHVHWWLQJ
6ORZO\LQFUHDVH9%XVXQWLO5/UHRSHUDWHVDQG5/UHVHWVDQGQRWHWKHYDOXHZKHQ
WKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²DQGRIWKH´UHVHWµYDOXH
 6\VWHP DQJOH FKHFN ² GLIIHUHQWLDO YROWDJH EORFNLQJ  0RQLWRU 5/ WHUPLQDOV ²
DQG5/WHUPLQDOV²
8QGHU&+(&.6<1&+67*6FKDQJH&66)Q/LQNVWR
6HW ERWK YROWDJHV WR QRPLQDO DQG SKDVH DQJOH WR ]HUR  2XW SXW 5/ VKRXOG EH
RSHUDWHGDQG5/UHVHW
6ORZO\UHGXFH9/LQHXQWLO5/UHVHWVDQG5/RSHUDWHVDQGQRWHWKH9%XV²9/LQH
YDOXH ZKHQ WKLV KDSSHQV  7KLV VKRXOG EH ZLWKLQ ²9 DQG 9 RI &66 'LII 9ROWDJH
VHWWLQJ
6ORZO\LQFUHDVH9/LQHXQWLO5/UHRSHUDWHVDQG5/UHVHWVDQGQRWHWKH9/LQHYDOXH
ZKHQWKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²DQGRIWKH9/LQHYDOXHZKHQ
5/UHVHWLQWKHODVWWHVW
&RQWLQXHVORZO\LQFUHDVLQJ9/LQHXQWLO5/UHVHWVDQG5/UHRSHUDWHVDQGQRWHWKH
9/LQH²9%XVYDOXHZKHQWKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²9DQG9RI&66
'LII9ROWDJHVHWWLQJ
6ORZO\UHGXFH9/LQHXQWLO5/UHRSHUDWHVDQG5/UHVHWVDQGQRWHWKH9/LQHYDOXH
ZKHQWKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²DQGRIWKH9/LQHYDOXHZKHQ
5/UHVHWLQWKHODVWWHVW
6ORZO\ UHGXFH 9 %XV XQWLO 5/ UHVHWV DQG 5/ UHRSHUDWHV DQG QRWH WKH 9 /LQH ²
9 %XV YDOXH ZKHQ WKLV KDSSHQV  7KLV VKRXOG EH ZLWKLQ ²9 DQG 9 RI &66 'LII
9ROWDJHVHWWLQJ
6ORZO\LQFUHDVH9%XVXQWLO5/UHRSHUDWHVDQG5/UHVHWVDQGQRWHWKH9%XVYDOXH
ZKHQWKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²DQGRIWKH9%XVYDOXHZKHQ
5/UHVHWLQWKHODVWWHVW
&RQWLQXHVORZO\LQFUHDVLQJ9%XVXQWLO5/UHVHWV DQG 5/ UHRSHUDWHV DQG QRWH WKH
9%XV²9/LQHYDOXHZKHQWKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²9DQG9RI&66
'LII9ROWDJHVHWWLQJ
6ORZO\ UHGXFH 9 %XV XQWLO 5/ UHRSHUDWHV DQG 5/ UHVHWV DQG QRWH WKH 9 %XV YDOXH
ZKHQWKLVKDSSHQV7KLVVKRXOGEHZLWKLQ²DQGRIWKH9%XVYDOXHZKHQ
5/UHVHWLQWKHODVWWHVW
 9ROWDJHPRQLWRUHOHPHQWV
8QGHU&+(&.6<1&+67*6FKDQJH&66)Q/LQNVWR
 'HDGOLQHOLYHEXVPRQLWRU
$GMXVW9/LQHDQG9%XVYDOXHVDQGFKHFNWKDWRXWSXW5/RSHUDWHVDQGUHVHWVLQOLQH
ZLWKWKHIROORZLQJWDEOH

9/LQHYDOXH 9%XVYDOXH 5/VWDWH

&669%/'HDG²9 &669/%/LYH9 2SHUDWHG
&669%/'HDG9 &669/%/LYH9 5HVHW
&669%/'HDG²9 &669/%/LYH²9 5HVHW
6HUYLFH0DQXDO 5(

.$96 3DJH

 /LYHOLQHGHDGEXVPRQLWRU
$GMXVW9/LQHDQG9%XVYDOXHVDQGFKHFNWKDWRXWSXW5/RSHUDWHVDQGUHVHWVLQOLQH
ZLWKWKHIROORZLQJWDEOH

9/LQHYDOXH 9%XVYDOXH 5/VWDWH

&669%//LYH9 &669/%'HDG²9 2SHUDWHG
&669%//LYH9 &669/%'HDG9 5HVHW
&669%//LYH²9 &669/%'HDG²9 5HVHW
 'HDGOLQHGHDGEXVPRQLWRU
$GMXVW9/LQHDQG9%XVYDOXHVDQGFKHFNWKDWRXWSXW5/RSHUDWHVDQGUHVHWVLQOLQH
ZLWKWKHIROORZLQJWDEOH

9/LQHYDOXH 9%XVYDOXH 5/VWDWH

&669%/'HDG²9 &669/%'HDG²9 2SHUDWHG
&669%/'HDG9 &669/%'HDG²9 5HVHW
&669%/'HDG²9 &669/%'HDG9 5HVHW
 6\VWHPVSOLWGHWHFWRU
 ,QVWDQWDQHRXVUHVHW0RQLWRU5/WHUPLQDOV²
8QGHU&+(&.6<1&+67*6FKDQJH&66)Q/LQNVWR
,QMHFW QRPLQDO YROWDJH LQWR 9 /LQH WHUPLQDOV ² DQG 9 %XV WHUPLQDOV ²
VWDUWLQJ ZLWK WKH SKDVH DQJOH EHWZHHQ WKHP OHVV WKDQ &66 6SOLW $QJOH VHWWLQJ ²ƒ
2XWSXW5/VKRXOGEHUHVHW
6ORZO\ LQFUHDVH WKH SKDVH DQJOH XQWLO 5/ RSHUDWHV DQG QRWH WKH DQJOH ZKHQ WKLV
KDSSHQV7KLVVKRXOGEHOHVVWKDQ&666SOLW$QJOHVHWWLQJƒ
6ORZO\ GHFUHDVH WKH SKDVH DQJOH XQWLO 5/ UHVHWV DQG QRWH WKH DQJOH ZKHQ WKLV
KDSSHQV7KLVVKRXOGEHJUHDWHUWKDQ&666SOLW$QJOHVHWWLQJ²ƒ
 0LQLPXPRXWSXWSXOVH0RQLWRU5/WHUPLQDOV²
8QGHU&+(&.6<1&+67*6FKDQJH&66)Q/LQNVWR
,QMHFW QRPLQDO YROWDJH LQWR 9 /LQH WHUPLQDOV ² DQG 9 %XV WHUPLQDOV ²
VWDUWLQJ ZLWK WKH SKDVH DQJOH EHWZHHQ WKHP OHVV WKDQ &66 6SOLW $QJOH VHWWLQJ ²ƒ
2XWSXW5/VKRXOGEHUHVHW
6ORZO\LQFUHDVHWKHSKDVHDQJOHXQWLO5/RSHUDWHVWKHQLPPHGLDWHO\UHGXFHWKHDQJOH
WR D YDOXH OHVV WKDQ &66 6SOLW $QJOH VHWWLQJ ²ƒ DQG ZDLW IRU RXWSXW 5/ WR UHVHW
0HDVXUHWKHWLPHIRUZKLFKRXWSXW5/LVRSHUDWHG7KLVVKRXOGEHQRWOHVVWKDQ&66
6SOLW7LPHUVHWWLQJ²VDQGQRWJUHDWHUWKDQ&666SOLW7LPHUVHWWLQJ
V
 )LQDOVHWWLQJV
:KHQV\QFKURQLVPFKHFNDQGYROWDJHPRQLWRUHOHPHQWFKHFNVKDYHEHHQFRPSOHWHG
WKH ILQDO ´LQ VHUYLFHµ UHOD\ VHWWLQJV VKRXOG EH HQWHUHG  .$95 UHOD\V DUH IDFWRU\
FRQILJXUHG ZLWK D VHW RI GHIDXOW VHWWLQJV EHIRUH GLVSDWFK  7KH FRPPLVVLRQLQJ
HQJLQHHU VKRXOG EH VXSSOLHG ZLWK D OLVW RI DOO UHTXLUHG VHWWLQJV IRU HDFK UHOD\
LQVWDOODWLRQ$Q\UHTXLUHGVHWWLQJVZKLFKDUHGLIIHUHQWIURPWKHGHIDXOW VHWWLQJV DQG
DQ\VHWWLQJVZKLFKZHUHFKDQJHGIRUWHVWLQJVHHWRDERYHPD\EHDGMXVWHG
5( 6HUYLFH0DQXDO

3DJH .$96

HLWKHUE\IROORZLQJWKHSURFHGXUHVGHWDLOHGLQ6HFWLRQWRRUXVLQJD

3&ZLWKVXLWDEOHDFFHVVVRIWZDUHDQGD.,7=LQWHUIDFH
&66 )Q  /LQNV ELWV $      VKRXOG DOO EH VHW WR  WR HQDEOH DOO V\QFKURQLVP
FKHFN DQG YROWDJH PRQLWRU HOHPHQWV WR RSHUDWH VHOHFWLRQ RI WKH VSHFLILF FKHFNV
UHTXLUHG IRU DXWRUHFORVLQJ RU PDQXDO &% FORVLQJ FDQ WKHQ EH PDGH XVLQJ 5(/$<
0$6.6VHWWLQJVDQG´,QKLELWµLQSXWV
8VHU DGMXVWDEOH UHOD\ VHWWLQJV DUH IRXQG LQ PHQX FROXPQV 6<67(0 '$7$ &+(&.
6<1&+67*67,0(56(77,1*6&2817(56(77,1*6/2*,&)81&7,216,1387
0$6.6DQG5(/$<0$6.6
:KHQ WKH ILQDO UHOD\ VHWWLQJV KDYH EHHQ HQWHUHG WKH\ VKRXOG EH QRWHG RQ WKH
FRPPLVVLRQLQJ WHVW UHFRUG VKHHW  ,I .%XV FRPPXQLFDWLRQV DUH EHLQJ XVHG WKH
PDVWHUVWDWLRQ3&FDQGRZQORDGVHWWLQJVWRWKHUHOD\UHFRUGDQGVDYHUHOD\VHWWLQJV
WRGLVFDQGGRZQORDGVDYHGVHWWLQJVWRRWKHUUHOD\V

 352%/(062/9,1*
 3DVVZRUGORVWRUQRWDFFHSWHG
5HOD\VDUHVXSSOLHGZLWKWKHSDVVZRUGVHWWR$$$$
2QO\XSSHUFDVHOHWWHUVDUHDFFHSWHG
3DVVZRUGFDQEHFKDQJHGE\WKHXVHU6HH6HFWLRQ
7KHUHLVDQDGGLWLRQDOXQLTXHUHFRYHU\SDVVZRUGDVVRFLDWHGZLWKWKHUHOD\ZKLFKFDQ
EH VXSSOLHG E\ WKH IDFWRU\ RU VHUYLFH DJHQW LI JLYHQ GHWDLOV RI LWV VHULDO QXPEHU
7KHVHULDOQXPEHUZLOOEHIRXQGLQWKHV\VWHPGDWDFROXPQRIWKHPHQXDQGVKRXOG
FRUUHVSRQGWRWKHQXPEHURQWKHODEHODWWKHWRSULJKWKDQGFRUQHURIWKHIURQWSODWH
RIWKHUHOD\,IWKH\GLIIHUTXRWHWKHRQHLQWKHV\VWHPGDWDFROXPQ
 &KHFNV\QFKURQLVPVHWWLQJV
 &HOOVQRWYLVLEOH
7RPDNHWKHFKHFNV\QFKURQLVPVHWWLQJFHOOVYLVLEOHWKHIROORZLQJOLQNVPXVWEHVHWWR
´µLQWKH&66)Q/LQNVFHOO

&HOOWH[W )XQFWLRQOLQNWH[W )XQFWLRQOLQNELWSDWWHUQ

&663KDVH$QJOH
&666OLS)UHT
&666\QFK7LPHU
&666\VWHP$QJOH
&666\VWHP6OLS
&666\VWHP7LPHU
&669%//LYH
&669%/'HDG
&668QGHUYROWDJH
&66'LII9ROWDJH
,QWKHVHIXQFWLRQOLQNELWSDWWHUQVWKHELWVVKRZQDVFRXOGEHHLWKHURU7KH
6\QFFKHFN 
6\QFFKHFNDQG6OLSIUHT 
6\QFFKHFNDQG6OLSWLPH 
6\VFKHFN 
6\VFKHFNDQG6\VIUHT 
6\VFKHFNDQG6\VWLPH 
/%'/RU'%//RU'%'/ 
/%'/RU'%//RU'%'/ 
89%ORFN 
'LII%/. 
ELWVVKRZQDV0867EHVHWWRIRUWKHVSHFLILHGFHOOWREHGLVSOD\HG
6HUYLFH0DQXDO 5(

.$96 3DJH

 8QGHUYROWDJHIHDWXUHGRHVQRWEORFN
,IWKHXQGHUYROWDJHIHDWXUHGRHVQRWEORFNWKHSKDVHDQJOHRUV\VWHPDQJOHRXWSXW
6HW&66)QOLQN89%ORFNWR 
 'LIIHUHQWLDOYROWDJHIHDWXUHGRHVQRWEORFN
,I WKH GLIIHUHQWLDO YROWDJH IHDWXUH GRHV QRW EORFN WKH SKDVH DQJOH RU V\VWHP DQJOH
RXWSXW
6HW&66)QOLQN'LII%/.WR 
 8QGHUYROWDJHIHDWXUHRXWSXWKDVLQFRUUHFWVHQVH
6HW&66)QOLQN8923WR 
 'LIIHUHQWLDOYROWDJHIHDWXUHRXWSXWKDVLQFRUUHFWVHQVH
6HW&66)QOLQN'LII23WR 
 )XQFWLRQOLQNVFDQQRWEHFKDQJHG
&KHFNWKDWWKHVWDWHRIWKHVFKHPHORJLFSHUPLWVFKDQJLQJWKHVHPHQXFHOOV
(QWHUWKHSDVVZRUGDVWKHVHPHQXFHOOVDUHSURWHFWHG
/LQNVDUHQRWVHOHFWDEOHLIDVVRFLDWHGWH[WLVQRWGLVSOD\HG
 $ODUPV
,I WKH ZDWFKGRJ UHOD\ RSHUDWHV ILUVW FKHFN WKDW WKH UHOD\ LV HQHUJL]HG IURP WKH
DX[LOLDU\VXSSO\,IVRWKHQWU\WRGHWHUPLQHWKHFDXVHRIWKHSUREOHPE\H[DPLQLQJ
WKHDODUPIODJVWRZDUGVWKHERWWRPRIWKH6<67(0'$7$FROXPQRIWKHPHQX7KLV
ZLOOQRWEHSRVVLEOHLIWKHGLVSOD\LVQRWUHVSRQGLQJWRNH\SUHVVHV
+DYLQJ DWWHPSWHG WR GHWHUPLQH WKH FDXVH RI WKH DODUP LW PD\ EH SRVVLEOH WR UHWXUQ
WKH UHOD\ WR DQ RSHUDWLRQDO VWDWH E\ UHVHWWLQJ LW  7R GR WKLV UHPRYH WKH DX[LOLDU\
SRZHU VXSSO\ IRU DERXW  VHFRQGV  7KHQ UHHVWDEOLVK WKH VXSSOLHV DQG WKH UHOD\
VKRXOGLQPRVWFDVHVUHWXUQWRDQRSHUDWLQJVWDWH
5HFKHFN WKH DODUP VWDWXV LI WKH DODUP /(' LV VWLOO LQGLFDWLQJ DQ DODUP VWDWH
7KHIROORZLQJQRWHVZLOOJLYHIXUWKHUJXLGDQFH
 :DWFKGRJDODUP
7KH ZDWFKGRJ UHOD\ ZLOO SLFNXS ZKHQ WKH UHOD\ LV RSHUDWLRQDO WR LQGLFDWH D KHDOWK\
VWDWH ZLWK LWV PDNH FRQWDFW FORVHG  :KHQ DQ DODUP FRQGLWLRQ WKDW UHTXLUHV VRPH
DFWLRQ WR EH WDNHQ LV GHWHFWHG WKH ZDWFKGRJ UHOD\ UHVHWV DQG LWV EUHDN FRQWDFW ZLOO
FORVHWRJLYHDQDODUP
1RWH 7KHJUHHQ/('ZLOOXVXDOO\IROORZWKHRSHUDWLRQRIWKHZDWFKGRJ
UHOD\LQHLWKHURIWKHDERYHWZRFDVHV
7KHUHLVQRVKRUWLQJFRQWDFWDFURVVWKHFDVHWHUPLQDOVFRQQHFWHGWRWKHEUHDNFRQWDFW
RI WKH ZDWFKGRJ UHOD\  7KHUHIRUH WKH LQGLFDWLRQ IRU D IDLOHGKHDOWK\ UHOD\ ZLOO EH
FDQFHOOHGZKHQWKHUHOD\LVUHPRYHGIURPLWVFDVH
,I WKH UHOD\ LV VWLOO IXQFWLRQLQJ WKH DFWXDO SUREOHP FDXVLQJ WKH DODUP FDQ EH IRXQG
IURP WKH DODUP UHFRUGV LQ WKH 6<67(0 '$7$ FROXPQ RI WKH PHQX VHH 6HFWLRQ

 8QFRQILJXUHGRUXQFDOLEUDWHGDODUP
)RUDQ81&21),*85('DODUPWKHUHOD\ORJLFLVVWRSSHGDQGQRORQJHUSHUIRUPLQJ
LWV LQWHQGHG IXQFWLRQ  )RU DQ 81&$/,%5$7(' DODUP WKH UHOD\ ORJLF ZLOO VWLOO EH
5( 6HUYLFH0DQXDO

3DJH .$96

RSHUDWLRQDO EXW WKHUH PD\ EH DQ HUURU LQ LWV FDOLEUDWLRQ WKDW PD\ UHTXLUH DWWHQWLRQ
,WPD\EHOHIWUXQQLQJ
7RUHWXUQWKHUHOD\WRDVHUYLFHDEOHVWDWHWKHLQLWLDOIDFWRU\FRQILJXUDWLRQZLOOKDYHWR
EHUHORDGHGDQGWKHUHOD\UHFDOLEUDWHG,WLVUHFRPPHQGHGWKDWWKHZRUNEHFDUULHG
RXWDWWKHIDFWRU\RUHQWUXVWHGWRDUHFRJQLVHGVHUYLFHFHQWUH
 6HWWLQJHUURUDODUP
$6(77,1*DODUPLQGLFDWHVWKDWWKHDUHDRIQRQYRODWLOHPHPRU\ZKHUHWKHVHOHFWHG
UHOD\VHWWLQJVDUHVWRUHGKDVEHHQFRUUXSWHG7KHFXUUHQWVHWWLQJVVKRXOGEHFKHFNHG
DJDLQVW WKRVH DSSOLHG DW WKH FRPPLVVLRQLQJ VWDJH RU DQ\ ODWHU FKDQJHV WKDW KDYH
EHHQPDGH
,I D SHUVRQDO FRPSXWHU 3& LV XVHG GXULQJ FRPPLVVLRQLQJ WKHQ LW LV UHFRPPHQGHG
WKDWWKHILQDOVHWWLQJVDSSOLHGWRWKHUHOD\DUHFRSLHGWRDIORSS\GLVFZLWKWKHVHULDO
QXPEHURIWKHUHOD\XVHGDVWKHILOHQDPH7KH VHWWLQJ FDQ WKHQ EH UHDGLO\ ORDGHG
EDFNLQWRWKHUHOD\LIQHFHVVDU\RUWRDUHSODFHPHQWUHOD\
 ´1R6HUYLFHµDODUP
7KLV DODUP IODJ FDQ RQO\ EH REVHUYHG ZKHQ WKH UHOD\ LV LQ WKH FDOLEUDWLRQ RU
FRQILJXUDWLRQPRGHZKHQWKHSURWHFWLRQSURJUDPZLOOEHVWRSSHG
 5HFRUGV
 3UREOHPVZLWKHYHQWUHFRUGV
7KH HYHQW UHFRUGV DUH HUDVHG LI WKH DX[LOLDU\ VXSSO\ WR WKH UHOD\ LV ORVW IRU D SHULRG
H[FHHGLQJWKHKROGXSWLPHRIWKHLQWHUQDOSRZHUVXSSO\
2QO\OLPLWHGHYHQWGDWDFDQRQO\EHUHDGRQWKH/&'7RREWDLQIXOOHYHQWGDWDWKH
HYHQWUHFRUGVPXVWEHUHDGYLDWKHVHULDOFRPPXQLFDWLRQVSRUW
7KHROGHVWHYHQWLVRYHUZULWWHQE\WKHQH[WHYHQWWREHVWRUHGZKHQWKHEXIIHUEHFRPHV
IXOO
:KHQDPDVWHUVWDWLRQKDVVXFFHVVIXOO\UHDGDUHFRUGLWXVXDOO\FOHDUVLWDXWRPDWLFDOO\
DQGZKHQDOOUHFRUGVKDYHEHHQUHDGWKHHYHQWELWLQWKHVWDWXVE\WHLVVHWWR´µWR
LQGLFDWHWKDWWKHUHDUHQRORQJHUDQ\UHFRUGVWREHUHWULHYHG
 &RPPXQLFDWLRQV
$GGUHVVFDQQRWEHDXWRPDWLFDOO\DOORFDWHGLIWKHUHPRWHFKDQJHRIVHWWLQJKDVEHHQ
LQKLELWHGE\IXQFWLRQOLQN6'7KLVPXVWEHILUVWVHWWR´µDOWHUQDWLYHO\WKHDGGUHVV
PXVWEHHQWHUHGPDQXDOO\YLDWKHXVHULQWHUIDFHRQWKHUHOD\
$GGUHVVFDQQRWEHDOORFDWHGDXWRPDWLFDOO\XQOHVVWKHDGGUHVVLVILUVWPDQXDOO\VHWWR
7KLVFDQDOVREHDFKLHYHGE\DJOREDOFRPPDQGLQFOXGLQJWKHVHULDOQXPEHURI
WKHUHOD\
5HOD\DGGUHVVVHWWRWKHJOREDODGGUHVVIRUZKLFKQRUHSOLHVDUHSHUPLWWHG
 0HDVXUHGYDOXHVGRQRWFKDQJH
9DOXHVLQWKH0($685(0(176FROXPQDUHVQDSVKRWVRIWKHYDOXHVDWWKHWLPHWKH\
ZHUHUHTXHVWHG7RREWDLQDYDOXHWKDWYDULHVZLWKWKHPHDVXUHGTXDQWLW\LWVKRXOGEH
DGGHGWRWKHSROOOLVWDVGHVFULEHGLQWKHFRPPXQLFDWLRQPDQXDO
6HUYLFH0DQXDO 5(

.$96 3DJH

 5HOD\QRORQJHUUHVSRQGLQJ
&KHFNLIRWKHUUHOD\VWKDWDUHIXUWKHUDORQJWKHEXVDUHUHVSRQGLQJDQGLIVRSRZHU
GRZQ WKH UHOD\ IRU  VHFRQGV DQG WKHQ UHHQHUJLVH WR UHVHW WKH FRPPXQLFDWLRQ
SURFHVVRU7KLVVKRXOGQRWEHQHFHVVDU\DVWKHUHVHWRSHUDWLRQRFFXUVDXWRPDWLFDOO\
ZKHQWKHUHOD\GHWHFWVDORVVRIFRPPXQLFDWLRQ
,I UHOD\V IXUWKHU DORQJ WKH EXV DUH QRW FRPPXQLFDWLQJ FKHFN WR ILQG RXW ZKLFK DUH
UHVSRQGLQJWRZDUGVWKHPDVWHUVWDWLRQ,IVRPHDUHUHVSRQGLQJWKHQWKHSRVLWLRQRI
WKH EUHDN LQ WKH EXV FDQ EH GHWHUPLQHG E\ GHGXFWLRQ  ,I QRQH LV UHVSRQGLQJ WKHQ
FKHFN IRU GDWD RQ WKH EXV RU UHVHW WKH FRPPXQLFDWLRQ SRUW GULYLQJ WKH EXV ZLWK
UHTXHVWV
&KHFNWKHUHDUHQRWWZRUHOD\VZLWKWKHVDPHDGGUHVVRQWKHEXV
 1RUHVSRQVHWRUHPRWHFRQWUROFRPPDQGV
&KHFN WKDW WKH UHOD\ LV QRW LQKLELWHG IURP UHVSRQGLQJ WR UHPRWH FRPPDQGV E\
REVHUYLQJWKHV\VWHPGDWDIXQFWLRQOLQNVHWWLQJV,IVRUHVHWDVQHFHVVDU\DSDVVZRUG
ZLOOEHUHTXLUHG
6\VWHPGDWDIXQFWLRQOLQNVFDQQRWEHVHWRYHUWKHFRPPXQLFDWLRQOLQNLIWKHUHPRWH
FKDQJHRIVHWWLQJVKDVEHHQLQKLELWHGE\VHWWLQJV\VWHPGDWDIXQFWLRQOLQN6'WR
5HVHW6'WRPDQXDOO\YLDWKHXVHULQWHUIDFHRQWKHUHOD\ILUVW

 0$,17(1$1&(
 7HVWLQJ
.6HULHV 0,'26 UHOD\V DUH VHOIVXSHUYLVLQJ DQG VR UHTXLUH OHVV PDLQWHQDQFH WKDQ
HDUOLHUGHVLJQVRIUHOD\0RVWSUREOHPVZLOOUHVXOWLQDQDODUPVRWKDWUHPHGLDODFWLRQ
FDQEHWDNHQ+RZHYHUVRPHSHULRGLFWHVWVFRXOGEHGRQHWRHQVXUHWKDWWKHUHOD\LV
IXQFWLRQLQJFRUUHFWO\
,IWKHUHOD\FDQEHFRPPXQLFDWHGZLWKIURPDUHPRWHSRLQW YLD LWV VHULDO SRUW WKHQ
VRPHWHVWLQJFDQEHFDUULHGRXWZLWKRXWDFWXDOO\YLVLWLQJWKHVLWH
:KHQ WHVWLQJ ORFDOO\ WKH VDPH WHVWV PD\ EH FDUULHG RXW WR FKHFN IRU FRUUHFW
IXQFWLRQLQJRIWKHUHOD\
 $ODUPV
7KHDODUPVWDWXV/('VKRXOGILUVWEHFKHFNHGWRLGHQWLI\LIDQ\DODUPFRQGLWLRQVH[LVW
7KH DODUP UHFRUGV FDQ WKHQ EH UHDG WR LGHQWLI\ WKH QDWXUH RI DQ\ DODUP WKDW PD\
H[LVW
 0HDVXUHPHQWDFFXUDF\
7KH YDOXHV PHDVXUHG E\ WKH UHOD\ FDQ EH FRPSDUHG ZLWK NQRZQ V\VWHP YDOXHV WR
FKHFNWKDWWKH\DUHLQWKHDSSUR[LPDWHUDQJHWKDWLVH[SHFWHG,IWKH\DUHWKHQWKH
$'FRQYHUVLRQDQGFDOFXODWLRQVDUHEHLQJSHUIRUPHGFRUUHFWO\
 2XWSXWUHOD\WHVW
7KH RXWSXW UHOD\V FDQ EH PDGH WR FKDQJH VWDWH LI WKH SDVVZRUG KDV EHHQ HQWHUHG
DQGWKH%ORFN2XWSXW7HVWVRIWZDUHUHOD\LVRIIXVLQJPHQXFHOOV/2*7(675(/$<6
6HOHFW$DQG/2*7(675(/$<6 >@$
7KH/2*7(675(/$<66HOHFWFHOOGLVSOD\VWKHUHOD\VWREHWHVWHG6HWWLQJDQ\SRVLWLRQ
WR´µZLOOUHVXOWLQWKHVWDWHRIWKHFRUUHVSRQGLQJUHOD\FKDQJLQJVWDWHZKHQWKH>@
NH\ LV JLYHQ D ORQJ SUHVV LQ FHOO /2* 7(67 5(/$<6  >@  7KH VWDWH ZLOO UHPDLQ
FKDQJHGIRUPLOOLVHFRQGVRUXQWLOWKH>@NH\LVUHOHDVHGZKLFKHYHULVORQJHU
5( 6HUYLFH0DQXDO

3DJH .$96

 $GGLWLRQDOWHVWV
$GGLWLRQDO WHVWV FDQ EH VHOHFWHG IURP WKH FRPPLVVLRQLQJ LQVWUXFWLRQV 6HFWLRQ 
DVUHTXLUHG
 0HWKRGRIUHSDLU
3OHDVHUHDGWKHKDQGOLQJLQVWUXFWLRQV LQ6HFWLRQEHIRUHSURFHHGLQJZLWKWKLV ZRUN
7KLV ZLOO HQVXUH WKDW QR IXUWKHU GDPDJH LV FDXVHG E\ LQFRUUHFW KDQGOLQJ RI WKH
HOHFWURQLFFRPSRQHQWV
 5HSODFLQJD3&%
D 5HSODFHPHQWRIXVHULQWHUIDFH
:LWKGUDZWKHPRGXOHIURPLWVFDVH
5HPRYHWKHIRXUVFUHZVWKDWDUHSODFHGRQHDWHDFKFRUQHURIWKHIURQWSODWH
5HPRYHWKHIURQWSODWH
/HYHUWKHWRSHGJHRIWKHXVHULQWHUIDFHERDUGIRUZDUGVWRXQFOLSLWIURPLWV
PRXQWLQJ
7KHQSXOOWKH3&%XSZDUGVWRXQSOXJLWIURPWKHFRQQHFWRUDWLWVORZHUHGJH
5HSODFHZLWKDQHZLQWHUIDFHERDUGDQGDVVHPEOHLQWKHUHYHUVHRUGHU
E 5HSODFHPHQWRIPDLQSURFHVVRUERDUG
7KLVLVWKH3&%DWWKHH[WUHPHOHIWRIWKHPRGXOHZKHQYLHZHGIURPWKHIURQW
7RUHSODFHWKLVERDUG
)LUVWUHPRYHWKHVFUHZVKROGLQJWKHVLGHVFUHHQLQSODFH7KHUHDUHWZRVFUHZV
WKURXJKWKHWRSSODWHRIWKHPRGXOHDQGWZRPRUHWKURXJKWKHEDVHSODWH
5HPRYHVFUHHQWRH[SRVHWKH3&%
5HPRYHWKHWZRUHWDLQLQJVFUHZVRQHDWWKHWRSHGJHDQGWKHRWKHUGLUHFWO\
EHORZLWRQWKHORZHUHGJHRIWKH3&%
6HSDUDWHWKH3&%IURPWKHVRFNHWVDWWKHIURQWHGJHRIWKHERDUG1RWHWKDW
WKH\DUHDWLJKWILWDQGZLOOUHTXLUHOHYHULQJDSDUWWDNLQJFDUHWRHDVHWKH
FRQQHFWRUVDSDUWJUDGXDOO\VRDVQRWWRFUDFNWKHIURQW3&%FDUG
7KHFRQQHFWRUVDUHGHVLJQHGIRUHDVHRIDVVHPEO\LQPDQXIDFWXUHDQGQRWIRU
FRQWLQXDOGLVDVVHPEO\RIWKHXQLW
5HDVVHPEOHLQWKHUHYHUVHRIWKLVVHTXHQFHPDNLQJVXUHWKDWWKHVFUHHQSODWHLV
UHSODFHGZLWKDOOIRXUVFUHZVVHFXULQJLW
F 5HSODFHPHQWRIDX[LOLDU\H[SDQVLRQERDUG
7KLVLVWKHVHFRQGERDUGLQIURPWKHOHIWKDQGVLGHRIWKHPRGXOH
5HPRYHWKHSURFHVVRUERDUGDVGHVFULEHGDERYHLQE
5HPRYHWKHWZRVHFXULQJVFUHZVWKDWKROGWKHDX[LOLDU\H[SDQVLRQERDUGLQ
SODFH
8QSOXJWKH3&%IURPWKHIURQWEXVDVGHVFULEHGIRUWKHSURFHVVRUERDUGDQG
ZLWKGUDZ
5HSODFHLQWKHUHYHUVHRIWKLVVHTXHQFHPDNLQJVXUHWKDWWKHVFUHHQSODWHLV
UHSODFHGZLWKDOOIRXUVFUHZVVHFXULQJLW
6HUYLFH0DQXDO 5(

.$96 3DJH

 5HSODFLQJRXWSXWUHOD\VDQGRSWRLVRODWRUV
3&%VDUHUHPRYHGDVGHVFULEHGLQEDQGF7KH\DUHUHSODFHGLQWKHUHYHUVH
RUGHU&DOLEUDWLRQLVQRWXVXDOO\UHTXLUHGZKHQD3&%LVUHSODFHGXQOHVVHLWKHURIWKH
WZRERDUGVWKDWSOXJGLUHFWO\RQWRWKHOHIWKDQGWHUPLQDOEORFNLVUHSODFHGDVWKHVH
GLUHFWO\DIIHFWWKHFDOLEUDWLRQ
1RWH 7KLV&%LVDWKURXJKKROHSODWHGERDUGDQGFDUHPXVWEHWDNHQ
QRW WR GDPDJH LW ZKHQ UHPRYLQJ D UHOD\ IRU UHSODFHPHQW
RWKHUZLVH VROGHU PD\ QRW IORZ WKURXJK WKH KROH DQG PDNH D
JRRGFRQQHFWLRQWRWKHWUDFNVRQWKHFRPSRQHQWVLGHRIWKH3&%
 5HSODFLQJWKHSRZHUVXSSO\ERDUG
5HPRYHWKHWZRVFUHZVVHFXULQJWKHULJKWKDQGWHUPLQDOEORFNWRWKHWRSSODWHRIWKH
PRGXOH
5HPRYHWKHWZRVFUHZVVHFXULQJWKHULJKWKDQGWHUPLQDOEORFNWRWKHERWWRPSODWHRI
WKHPRGXOH
8QSOXJWKHEDFNSODQHIURPWKHSRZHUVXSSO\3&%
5HPRYHWKHVHFXULQJVFUHZDWWKHWRSDQGERWWRPRIWKHSRZHUVXSSO\ERDUG
:LWKGUDZWKHSRZHUVXSSO\ERDUGIURPWKHUHDUXQSOXJJLQJLWIURPWKHIURQWEXV
5HDVVHPEOHLQWKHUHYHUVHRIWKLVVHTXHQFH
 5HSODFLQJWKHEDFNSODQHVL]H FDVH
5HPRYHWKHWZRVFUHZVVHFXULQJWKHULJKWKDQGWHUPLQDOEORFNWRWKHWRSSODWHRIWKH
PRGXOH
5HPRYHWKHWZRVFUHZVVHFXULQJWKHULJKWKDQGWHUPLQDOEORFNWRWKHERWWRPSODWHRI
WKHPRGXOH
8QSOXJWKHEDFNSODQHIURPWKHSRZHUVXSSO\3&%
7ZLVWRXWZDUGVDQGDURXQGWRWKHVLGHRIWKHPRGXOH
5HSODFHWKH3&%DQGWHUPLQDOEORFNDVVHPEO\
5HDVVHPEOHLQWKHUHYHUVHRIWKLVVHTXHQFH
 5HFDOLEUDWLRQ
:KLOVWUHFDOLEUDWLRQLVQRWXVXDOO\QHFHVVDU\LWLVSRVVLEOHWRFDUU\LWRXWRQVLWHEXWLW
UHTXLUHVWHVWHTXLSPHQWZLWKVXLWDEOHDFFXUDF\DQGDVSHFLDOFDOLEUDWLRQ SURJUDP WR
UXQ RQ D 3&  ,W LV UHFRPPHQGHG WKDW WKH ZRUN LV FDUULHG RXW E\ DQ DXWKRULVHG
DJHQF\
$IWHU FDOLEUDWLRQ LW ZLOO EH QHFHVVDU\ WR UHHQWHU DOO WKH VHWWLQJV UHTXLUHG IRU WKH
DSSOLFDWLRQ VR LW ZLOO EH XVHIXO WR KDYH D FRS\ RI WKH VHWWLQJV DYDLODEOH RQ D IORSS\
GLVN$OWKRXJKWKLVLVQRWHVVHQWLDOLWFDQUHGXFHWKHGRZQWLPHRIWKHV\VWHP
 5HWXUQWRIDFWRU\
6KRXOG WKH QHHG DULVH IRU WKH HTXLSPHQW WR EH UHWXUQHG WR $5(9$ 7 ' 8. /WG  
(QHUJ\$XWRPDWLRQ ,QIRUPDWLRQIRUUHSDLUWKHQWKH5HSDLU)RUPDWWKHEDFNRIWKLV
PDQXDO VKRXOG EH FRPSOHWHG DQG VHQW ZLWK WKH HTXLSPHQW  $ FRS\ RI DQ\
FRPPLVVLRQLQJWHVWUHVXOWVVKRXOGDOVREHVHQWZLWKWKHHTXLSPHQW
5( 6HUYLFH0DQXDO

3DJH .$96

 &200,66,21,1*7(675(&25'

5HOD\W\SH .

5HOD\PRGHOQXPEHU 'DWH
5HOD\ILUPZDUHQXPEHU 6HULDOQXPEHU
6WDWLRQ &LUFXLW
WLFN
5DWHGYROWDJH9Q 
9DF
$X[LOLDU\YROWDJH 9
9

 &RPPLVVLRQLQJSUHOLPLQDULHV
 6HULDOQXPEHURQFDVHPRGXOHDQGFRYHUFKHFNHG
&7VKRUWLQJVZLWFKHVLQFDVHFKHFNHG

7HUPLQDOVDQGDQGDQGDQG
FKHFNHGIRUFRQWLQXLW\ZLWKPRGXOHUHPRYHGIURPFDVH
([WHUQDOZLULQJFKHFNHGWRGLDJUDPLIDYDLODEOH
 (DUWKFRQQHFWLRQWRFDVHFKHFNHG
 7HVWEORFNFRQQHFWLRQVFKHFNHG
 ,QVXODWLRQFKHFNHG

 $X[LOLDU\VXSSO\FKHFNHG
 $X[LOLDU\YROWDJHDWUHOD\WHUPLQDOV 9DFGF
 :DWFKGRJFRQWDFWVFKHFNHG
6XSSO\RII 7HUPLQDOVDQG
7HUPLQDOVDQG
6XSSO\RQ 7HUPLQDOVDQG
7HUPLQDOVDQG
 )LHOGYROWDJH 9GF
 5HOD\VHWWLQJV
)XQFWLRQOLQNVHWWLQJV
)XQFWLRQOLQNQXPEHU ) ( ' & % $          
6<6)Q/LQNV              
&66)Q/LQNV 
6FKHPH)Q/QNV
6FKHPH)Q/QNV
6HUYLFH0DQXDO 5(

.$96 3DJH

1RWHV  6\VWHPGDWDFROXPQ
 &KHFNV\QFKVHWWLQJVFROXPQ
 /RJLFIXQFWLRQVFROXPQ

,QSXWPDVNVHWWLQJV².$96
2SWRLQSXWQXPEHU        
,136WDUW&K6\Q
,136WDUW6\V6\Q
,13IQK'//%&K6
,13IQK//'%&K6
,13IQK'/'%&K6
,13IQK'//%&K6
,13IQK//'%6\6
,13IQK'/'%6\6
,13IQK6\V6SOLW

5HOD\PDVNVHWWLQJV².$96
5HOD\QXPEHU        
5/<6WDUW6\QFK
5/<&KHFN6\Q2.
5/<6\VWHP6\Q2.
5/<'/LQH/%XV
5/<//LQH'%XV
5/<'/LQH'%XV
5/<8QGHUYROWDJH
5/<'LII9ROWDJH
5/<6\VWHP6SOLW
5/<'//%&K6\Q
5/<//'%&K6\Q
5/<'/'%&K6\Q
5/<'//%6\V6\Q
5/<//'%6\V6\Q
5/<'/'%6\V6\Q
5( 6HUYLFH0DQXDO

3DJH .$96

6\VWHPGDWDFROXPQVHWWLQJV
6<6'HVFULSWLRQ

6<63ODQW5HI

6<6)UHTXHQF\ Hz

6<6&RPPV/HYHO

6<65O\$GGUHVV

&KHFNV\QFKURQLVPVHWWLQJV
&66975DWLR

&663KDVH$QJOH

&666OLS)UHT

&666\QFK7LPHU

&666SOLW$QJOH

&666SOLW7LPHU

&666\VWHP$QJOH

&666\VWHP6OLS

&666\VWHP7LPHU

&669%//LYH

&669%/'HDG

&668QGHU9ROWDJH
6HUYLFH0DQXDO 5(

.$96 3DJH

&66'LII9ROWDJH

 0HWHULQJ&KHFNV
$FWXDO9DOXH,QMHFWHG 5HOD\0HWHUHG9DOXH
/LQH9ROWDJH 9 9

%XV9ROWDJH 9 9

 2SWRLQSXWFKHFNV
2SWRLQSXWQXPEHU WLFN
/
/
/
/
/
/
/
/

 2XWSXWUHOD\FKHFNV
2XWSXWUHOD\QXPEHU WLFN









 3KDVHDQJOHHOHPHQWDQGV\VWHPDQJOHHOHPHQW
3KDVH$QJOH 6\VWHP$QJOH
'URS2II ° °

3LFN8S ° °
5( 6HUYLFH0DQXDO

3DJH .$96



 6\QFKURQLVPWLPHUEORFNLQJWKHSKDVHDQJOHHOHPHQWDQGV\VWHPWLPHU
EORFNLQJWKHV\VWHPDQJOHHOHPHQW
3KDVH$QJOH 6\VWHP$QJOH
2SHUDWLQJWLPH V V


 8QGHUYROWDJH(OHPHQW
9/LQH 9%XV
3LFNXS 9 9
'URSRII 9 9


 'LIIHUHQWLDOYROWDJHHOHPHQW
D9DU\LQJ9/LQH
9/LQH 9%XV
/RZ +LJK
3LFNXS 9 9 9
'URSRII 9 9 9

E9DU\LQJ9%XV
9%XV 9/LQH
/RZ +LJK
3LFNXS 9 9 9
'URSRII 9 9 9
 9ROWDJHPRQLWRUV
 'HDGOLQHOLYHEXVPRQLWRU
'HDG/LQH/LYH
9/LQH 9%XV %XV(OHPHQW
WLFN
9 9
9 9
9 9
6HUYLFH0DQXDO 5(

.$96 3DJH

 /LYHOLQHGHDGEXVPRQLWRU
/LYH/LQH'HDG
9/LQH 9%XV %XV(OHPHQW
WLFN
9 9
9 9
9 9

 'HDGOLQHGHDGEXVPRQLWRU
'HDG/LQH'HDG
9/LQH 9%XV %XV(OHPHQW
WLFN
9 9
9 9
9 9

 6\VWHPVSOLWHOHPHQW
3KDVH$QJOH
'URS2II V

3LFN8S V

 6SOLWWLPHU
6SOLWWLPH V

&RPPLVVLRQLQJ(QJLQHHU &XVWRPHU:LWQHVV

'DWH 'DWH
5( 6HUYLFH0DQXDO

3DJH .$96

 .$9662)7:$5(+,6725<
.$96[[-($![-(%$SULOWR)HE
 2ULJLQDOLVVXHIXQFWLRQDOVRIWZDUH
 2SHUDWLQJV\VWHPXSJUDGHWRPLQRUEXJIL[RIRSV\VWHPVRIWZDUH
 2SHUDWLQJV\VWHPXSJUDGHWRPLQRUEXJIL[RIRSV\VWHPVRIWZDUH

,VVXH'DWH 6<66RIWZDUH5HI 6<6/DGGHU5HI

$SULO 2S6\V .$96($&
0D\ 2S6\V .$96(%&
-XQH 2S6\V .$96(&&

6HWWLQJVILOHLVVXH$
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

.$96[[-(%![-(&)HEWR$XJXVW
 2SHUDWLQJV\VWHPXSJUDGHWRPLQRUEXJIL[RIRSV\VWHPVRIWZDUH
 2SHUDWLQJ V\VWHP XSJUDGH WR   9OLQH DQG 9EXV RSWLRQ DGGHG WR GHIDXOW
GLVSOD\(Q/RJ(YWVIXQFWLRQOLQNDGGHGVHWDODUPFRQGLWLRQDGGHGWRJHQHUDWH
DQHYHQWZKHQDQDODUPRFFXUV

,VVXH'DWH 6<66RIWZDUH5HI 6<6/DGGHU5HI

-DQ 2S6\V .$96('&
0DUFK 2S6\V .$96((&

6HWWLQJVILOHLVVXH$IRU.$96('&DQG%IRU.$96((&
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

.$96[[-(&![-(')HEWR1RY
 2SHUDWLQJV\VWHPXSJUDGHWRLVVXHUHVHWDODUPFRQGLWLRQDGGHG
 2SHUDWLQJV\VWHPXSJUDGHWRLVVXH5HVHW$ODUPVFHOOPDGHDYDLODEOHLQ
GHIDXOWGLVSOD\
 2SHUDWLQJV\VWHPXSJUDGHWRLVVXHPLQRUEXJIL[RIRSV\VWHPVRIWZDUH
 2SHUDWLQJV\VWHPXSJUDGHWRLVVXHWHVWZDWFKGRJIHDWXUHDGGHG
 2SHUDWLQJV\VWHPXSJUDGHWRLVVXHPLQRUEXJIL[RIRSV\VWHPVRIWZDUH
 2SHUDWLQJV\VWHPXSJUDGHWRLVVXHPLQRUEXJIL[RIRSV\VWHPVRIWZDUH

,VVXH'DWH 6<66RIWZDUH5HI 6<6/DGGHU5HI

$XJXVW 2S6\V .$96()&
'HF 2S6\V .$96(*&
0DUFK 2S6\V .$96(+&
0D\ 2S6\V .$96(,&
6HUYLFH0DQXDO 5(

.$96 3DJH

,VVXH'DWH 6<66RIWZDUH5HI 6<6/DGGHU5HI

1RY 2S6\V .$96(-&
1RYHPEHU 2S6\V .$96(0&

6HWWLQJVILOHLVVXH&
7KHUHZDVDUHWURVSHFWLYHXSGDWHRIRSV\VLQ1RYIRU.$96'[-(&
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

.$96[[-('![-((1RYWR'HF
 2SHUDWLQJ V\VWHP XSJUDGH WR LVVXH  ² 2SV\V IRU QHZ 0K] SURFHVVRU
SUHYLRXVO\0K]

,VVXH'DWH 6<66RIWZDUH5HI 6<6/DGGHU5HI

1RY 2S6\V .$96(-&

6HWWLQJVILOHLVVXH&
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

.$96[[-((![-()'HFWR0DUFK
 ,QFUHDVH6\QFK:LQGRZPD[WLPHWRV%ORFNLQVVHDOLQGXULQJSURWHFWLRQ
RSHUDWLRQSXOVHG&%)DLODQG6XFFHVV$5RSHUDWLRQ

,VVXH'DWH 6<66RIWZDUH5HI 6<6/DGGHU5HI

1RY 2S6\V .$96(.&

6HWWLQJVILOHLVVXH&
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

.$96[[-()![-(*0DUFKWR1RY
 2SHUDWLQJV\VWHPXSJUDGHWRLVVXHPLQRUEXJIL[RIRSV\VWHPVRIWZDUH

,VVXH'DWH 6<66RIWZDUH5HI 6<6/DGGHU5HI

-XQH 2S6\V .$96(/&

6HWWLQJVILOHLVVXH&
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

.$96[[-(*![-(+1RYWR-XO\
 /RJLF FKDQJH IRU ¶*OREDO 5HVHW· IXQFWLRQ RSHUDWHG E\ VLPSOH SUHVV RI >@ NH\
VHOHFWDEOHXQGHUYROWDJHDQGGLIIHUHQWLDOYROWDJHDODUP

,VVXH'DWH 6<66RIWZDUH5HI 6<6/DGGHU5HI

1RY 2S6\V .$96(0&

6HWWLQJVILOHLVVXH'
5( 6HUYLFH0DQXDO

3DJH .$96

.$96[[-(+!.$96'[-(-./-XO\WR$SULO
 2SHUDWLQJV\VWHPXSJUDGHWRLVVXH²&KDQJHPDQXIDFWXUHU,'WR$5(9$

,VVXH'DWH 6<66RIWZDUH5HI 6<6/DGGHU5HI

)HE 2S6\V .$96(1&

6HWWLQJVILOHLVVXH'
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB

.$96[;-(-./!.$96'[-(0-XO\WR-DQ
 2SHUDWLQJV\VWHPXSJUDGHWRLVVXH6PRRWKLQJRI)RXULHUVDPSOHGGDWD
2WKHU FKDQJHV DGGHG LQ $SULO  DUH GHVFULEHG EHORZ  .$96
)81&7,21$/&+$1*(6²$SULO

,VVXH'DWH 6<66RIWZDUH5HI 6<6/DGGHU5HI

$SULO 2S6\V .$96(2&

6HWWLQJVILOHLVVXH(
BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB
.$96[;-(0-DQWRGDWH
 2SHUDWLQJ V\VWHP XSJUDGH WR LVVXH  ² XSSHU OLPLW IRU GLIIHUHQWLDO YROWDJH
FKDQJHGWR9

,VVXH'DWH 6<66RIWZDUH5HI 6<6/DGGHU5HI

-DQ 2S6\V .$96(3&

6HWWLQJVILOHLVVXH(

.$96)81&7,21$/&+$1*(6²$SULO
,QWURGXFWLRQ
7KHVHQRWHVGHVFULEHWKHFKDQJHVLQWKH.$96UHOD\IXQFWLRQDOORJLFZKLFKZHUH
LQFOXGHGLQ$SULO
,QSXW0DVNV²VHHVHFWLRQ
,QSXW PDVNV ,13 ,QK &KHFN6\Q DQG ,13 ,QK 6\V 6\Q KDYH EHHQ GHOHWHG DQG WKH
IXQFWLRQDOLW\RILQSXWPDVNV,136WDUW&K6\QDQG,136WDUW6\V6\QLVVOLJKWO\PRGLILHG
DVGHVFULEHGXQGHU5HYLVHG/RJLF)XQFWLRQV
5HYLVHG/RJLF)XQFWLRQV²VHHVHFWLRQ
7KHHIIHFWRI6FKHPH)Q/LQNVELWVDQGLVVOLJKWO\FKDQJHG
LIELW LQSXW,136WDUW&K6\QKDVWREHRIIWRHQDEOHRQWREORFNSKDVHDQJOH
FKHFNRXWSXWPDVN5/<&KHFN6\Q2.GHIDXOWVHWWLQJ
LIELW LQSXW,136WDUW&K6\QKDVWREHRQWRHQDEOHRIIWREORFNSKDVHDQJOH
FKHFNRXWSXWPDVN5/<&KHFN6\Q2.
LIELW LQSXW,136WDUW6\V6\QKDVWREHRIIWRHQDEOHRQWREORFNV\VWHPDQJOH
FKHFNRXWSXWPDVN5/<6\VWHP6\Q2.GHIDXOWVHWWLQJ
LIELW LQSXW,136WDUW6\V6\QKDVWREHRQWRHQDEOHRIIWREORFNV\VWHPDQJOH
FKHFNRXWSXWPDVN5/<6\VWHP6\Q2.
6HUYLFH0DQXDO 5(

.$96 3DJH

1HZ/RJLF)XQFWLRQV²VHHVHFWLRQ
)LYH QHZ VFKHPH IXQFWLRQ OLQNV KDYH EHHQ DGGHG DV GHVFULEHG EHORZ  7KH WDEOH
JLYHVRQO\YHU\EULHIGHWDLOVPRUHLQIRUPDWLRQLVJLYHQLQVHFWLRQDQG

/RJLF 6FKHPH 'LVSOD\ (IIHFWLQVFKHPHORJLF

)1&7 )Q/LQNV 1DPH
QXPEHU ELWQR
  $XWR6\V6\Q  3K$QJOH 6\V$QJOHLQGHSHQGHQW'
 $XWRVZLWFKIROORZLQJ6\V6SOLW
  6SOLW1R+ROG  6\VWHP6SOLWEORFNV3K$QJOH 6$QJOH
'
 6\V6SOLWGRHVQRWEORFN3K$ 6$
  1R7LPHRXW66  6\VWHP6\QFDXWRWLPHRXWHQDEOHG'
 6\VWHP6\QFDXWRWLPHRXWGLVDEOHG
 $ 1R$XWRUHVHW  6\V6\QFPRGHUHVHWZKHQ´,Q6\QFµ'
66  6\V6\QFPRGHQRWUHVHWZKHQ´,Q6\QFµ
 % 1R*OREDO  89'LII9 6SOLWDODUPVFDQEHUHVHWE\
5HVHW ´*OREDO5HVHWµ'
 89'LII9 6SOLWDODUPVFDQQRWEHUHVHW
E\´*OREDO5HVHWµ
WR &WR) 1RWXVHG$OOIL[HG 

$ODUPV5HVHWWLQJ²VHHVHFWLRQ
,IQHZ)1&71R*OREDO5HVHWLVVHWWRWKH´6WDWXVµDODUPV8QGHUYROWDJH
'LIIHUHQWLDO9ROWDJHDQG6\VWHP6SOLWFDQQRWEHUHVHWXVLQJWKH>@NH\
9ROWV+HDOWK\2XWSXW
$QHZRXWSXWPDVN¶5/<9/9%+HDOWK\·KDVEHHQDGGHGZKLFKPD\EHDVVLJQHGWR
DQ RXWSXW UHOD\ LI UHTXLUHG  7KH RXWSXW RSHUDWHV LI WKH 8QGHUYROWDJH $ODUP DQGRU
'LIIHUHQWLDO9ROWDJH$ODUPLVHQDEOHG)1&7 DQGRU)1&7 %87QHLWKHU
RIWKHDODUPVLVVHW
5HFRUGHU7ULJJHUV
$'LVWXUEDQFH5HFRUGHUIDFLOLW\KDVEHHQDGGHGWRWKH.$96UHOD\WRDLGDQDO\VLV
RI V\VWHP GLVWXUEDQFHV HYHQ WKRXJK WKHUH DUH QR FXUUHQW LQSXWV WR WKH UHOD\  7KH
GLVWXUEDQFHUHFRUGHULVGHVFULEHGLQVHFWLRQVDQG
5( 6HUYLFH0DQXDO

3DJH .$96
Publication: R8506F

AREVA T&D's Automation & Information Systems Business www.areva-td.com

T&D Worldwide Contact Centre online 24 hours a day: +44 (0) 1785 25 00 70 http://www.areva-td.com/contactcentre/