NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers NFPA 10 2013 standard for protable fire extinguishers
Trang 1NFPA ® 10
Standard for Portable Fire Extinguishers
2013 Edition
NFPA, 1 Batterymarch Park, Quincy, MA 02169-7471
An International Codes and Standards Organization
%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 2%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 3%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 4'ST]VMKLX 2EXMSREP *MVI 4VSXIGXMSR %WWSGMEXMSR %PP 6MKLXW 6IWIVZIH
2*4%
7XERHEVH JSV
4SVXEFPI *MVI )\XMRKYMWLIVW
)HMXMSR8LMW IHMXMSR SJ 2*4% 7XERHEVH JSV 4SVXEFPI *MVI )\XMRKYMWLIVW [EW TVITEVIH F] XLI 8IGL
RMGEP 'SQQMXXII SR 4SVXEFPI *MVI )\XMRKYMWLIVW -X [EW MWWYIH F] XLI 7XERHEVHW 'SYRGMP SR2SZIQFIV [MXL ER IJJIGXMZI HEXI SJ (IGIQFIV ERH WYTIVWIHIW EPP TVIZMSYWIHMXMSRW
8LMW IHMXMSR SJ 2*4% [EW ETTVSZIH EW ER %QIVMGER 2EXMSREP 7XERHEVH SR (IGIQFIV
3VMKMR ERH (IZIPSTQIRX SJ 2*4%
-R ERH XLI 2*4% 'SQQMXXII SR *MIPH 4VEGXMGI TVIHIGIWWSV SJ XLI TVIWIRX2*4% WXERHEVH SR XLMW WYFNIGX [EW EHSTXIH MR 6IZMWIH IHMXMSRW [IVI EHSTXIH F] XLIEWWSGMEXMSR MR
KYMWLIVW [EW EHHIH XS XLI ETTIRHM\ SJ XLI IHMXMSR 1ENSV VIZMWMSRW XS TVSZMHI WMQTPMJM
GEXMSR ERH YRMJSVQMX] [IVI QEHI MR XLI IHMXMSR 8LI WXERHEVH [EW VIZMWIH MR
ERH
-R 2*4% 6 6IGSQQIRHIH 4VEGXMGI JSV 4SVXEFPI *MVI )\XMRKYMWLMRK )UYMTQIRX MR *EQMP]
([IPPMRK 9RMXW ERH 0MZMRK 9RMXW [EW [MXLHVE[R -RJSVQEXMSR SR XLMW XSTMG [EW MRGSVTSVEXIH EW
ER ERRI\ SJ 2*4%
8LMW WXERHEVH [EW VIZMWIH MR
8LI IHMXMSR SJ XLMW WXERHEVH [EW E GSQTPIXI VIZMWMSR
8LI IHMXMSR SJ XLMW WXERHEVH MRGPYHIH GLERKIW XS GSQTP] [MXL XLI 1ERYEP SJ 7X]PI JSV2*4% 8IGLRMGEP 'SQQMXXII (SGYQIRXW F] VIQSZMRK YRIRJSVGIEFPI XIVQW %RRI\ QEXIVMEP [EWEPWS EHHIH XS GPEVMJ] XLI RIIH JSV VIQSZMRK SFWSPIXI I\XMRKYMWLIVW
8LI IHMXMSR SJ XLMW WXERHEVH LEW FIIR VIZMWIH XS FIXXIV EHHVIWW 'PEWW ( I\XMRKYMWLMRKEKIRXW ERH XLI TLEWISYX SJ PMWXIH LEPSR I\XMRKYMWLIVW 8LI HIJMRMXMSR SJ LEPSGEVFSRW LEWFIIR I\TERHIH XS TIVQMX XLI YWI SJ ER] LEPSGEVFSR EKIRX EGGITXEFPI YRHIV XLI 97 )4%
7MKRMJMGERX 2I[ %PXIVREXMZIW 4SPMG] TVSKVEQ 8LI PMWX SJ 2*4% HSGYQIRXW XLEX GSRXEMR EHHM
XMSREP VIUYMVIQIRXW XLEX WYTIVWIHI XLSWI JSYRH MR XLMW WXERHEVH [EW WMKRMJMGERXP] I\TERHIHJSV IEW] VIJIVIRGI 2I[ XVEZIP HMWXERGIW JSV SFWXEGPI KVEZMX]XLVIIHMQIRWMSREP ERH TVIWWYVIJMVI LE^EVHW LEZI FIIR EHHIH 'LETXIV -RWTIGXMSR 1EMRXIRERGI ERH 6IGLEVKMRK ERH
%RRI\ ) (MWXVMFYXMSR LEZI FIIR WMKRMJMGERXP] VIZMWIH ERH VIWXVYGXYVIH -RWXVYGXMSRW JSV MR
WTIGXMSR ERH QEMRXIRERGI SJ VIWMHIRXMEP I\XMRKYMWLIVW LEZI FIIR EHHIH XS %RRI\ * 7IPIGXMSR
SJ 6IWMHIRXMEP *MVI)\XMRKYMWLMRK )UYMTQIRX
z2*'77%PP%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 58IGLRMGEP 'SQQMXXII SR 4SVXEFPI *MVI )\XMRKYMWLIVW
2EXLERMIP %HHPIQER 'LEMV,YKLIW %WWSGMEXIW -RG 8< ?7)A
6S] ' /MQFEPP 2SRZSXMRK 7IGVIXEV]
&VSSOW )UYMTQIRX 'SQTER] -RG 2' ?1A
%RHVI[ &VEH] 2YGPIEV 7IVZMGI 3VKERM^EXMSR () ?-A
(IRRMW ( &VSLQIV 8]GS *MVI 4VSXIGMSR 4VSHYGXW ;- ?1A
(EZMH &YVOLEVX 'SHI 'SRWYPXERXW -RG 13 ?7)A
1EVO 8 'SRVS] &VSSOW )UYMTQIRX 'SQTER] 1% ?1A
-0 ?-1A
*VIH & +SSHRMKLX %QIVI\ 'SVTSVEXMSR %0 ?1A
6IT 'SQTVIWWIH +EW %WWSGMEXMSR
6MGLEVH 6 ,EVVMRKXSR *V]I 'SRWYPXMRK 0XH '% ?7)A
'EVP ,SVWX 7IGYVMX] *MVI )UYMTQIRX 'SQTER] -RG
+% ?-1A
6IT +ISVKME %WWSGMEXMSR SJ *MVI 7EJIX] )UYMTQIRX
(IEPIVW -RG
;MPPMEQ 0E7EPPI 9RMXIH 7XEXIW 4SWXEP 7IVZMGI %6 ?9A
+ISVKI ) 0EZIVMGO 9RHIV[VMXIVW 0EFSVEXSVMIW -RG
-0 ?68A
8MRKKYERK 1E 3OPELSQE 7XEXI 9RMZIVWMX] (ITEVXQIRX
2SVFIVX ; 1EOS[OE 2EXMSREP %WWSGMEXMSR SJ *MVI
)UYMTQIRX (MWXVMFYXSVW -0 ?-1A
8LSQEW 0 1G:IVV] - (YRR;IPP 00' 2' ?-1Ắ ?)A
. 6 2IVEX 98'&EHKIV *MVI 4VSXIGXMSR 1- ?1A6IT 2*4% -RHYWXVMEP *MVI 4VSXIGXMSR 7IGXMSR6MGLEVH 6 3WQER %SR *MVI 4VSXIGXMSR )RKMRIIVMRK
-0 ?-ĂEZMH 8 4LIPER &IVKIRJMIPH *MVI (ITEVXQIRX 2 ?)ẠSLR ) 6IMXIV %)7 'SVTSVEXMSR :% ?9A
2EXLER 0 6SGLIPIEY 7XEXI SJ %PEWOE (ITEVXQIRX SJ
&]VSR 7EVEKS (8) )RIVK] 1- ?9A6IT )HMWSR )PIGXVMG -RWXMXYXI1EVO 7 7QMXL *SVGIH +EW 8IGLRSPSKMIW 00' 7' ?1ẠSLR 6 7[ERWSR 1MRRIWSXE 7XEXI *MVI 1EVWLEP (MZMWMSR
12 ?)A6IT *MVI )UYMTQIRX 1ERYJEGXYVIVWv %WWSGMEXMSR
%PXIVREXIW.IJJVI] % &VIMKLRIV 8]GS7MQTPI\+VMRRIPP 1( ?1A
6ERHEPP )FIVP] 97 'SEWX +YEVH 'SQQERHERX
6SH +IX^ +IX^ *MVI )UYMTQIRX -0 ?-1A
+Y] 0 SRIW V %QIVI\ 'SVTSVEXMSR %0 ?1A
6SFIVX /EWMWOM *1 +PSFEP 1% ?-A
1MGLEIP 8 0EVEFIP %Q[E] -RG 1- ?1A
00' 82 ?9A6]ER 3v(SRRIPP &YPP)\ -RG 2= ?1A4IXIV 1 7LERO 2YGPIEV 7IVZMGI 3VKERM^EXMSR () ?-A
&PEOI 1 7LYKEVQER 9RHIV[VMXIVW 0EFSVEXSVMIW -RG
-0 ?68A6SFIVX ( 8E]PSV %QIVMGER )PIGXVMG 4S[IV -2 ?9A
&EVV] ( 'LEWI 2*4% 7XEJJ 0MEMWSR
8LMW PMWX VITVIWIRXW XLI QIQFIVWLMT EX XLI XMQI XLI 'SQQMXXII [EW FEPPSXIH SR XLI JMREP XI\X SJ XLMW IHMXMSR 7MRGI XLEX XMQI
GLERKIW MR XLI QIQFIVWLMT QE] LEZI SGGYVVIH % OI] XS GPEWWMJMGEXMSRW MW JSYRH EX XLI FEGO SJ XLI HSGYQIRX
238) 1IQFIVWLMT SR E GSQQMXXII WLEPP RSX MR ERH SJ MXWIPJ GSRWXMXYXI ER IRHSVWIQIRX SJ XLI %WWSGMEXMSR SVER] HSGYQIRX HIZIPSTIH F] XLI GSQQMXXII SR [LMGL XLI QIQFIV WIVZIW
'SQQMXXII 7GSTI 8LMW 'SQQMXXII WLEPP LEZI TVMQEV] VIWTSRWMFMPMX] JSV HSGYQIRXW SR XLI MRWXEPPEXMSR
QEMRXIRERGI ERH YWI SJ TSVXEFPI JMVI I\XMRKYMWLIVW ERH IUYMTQIRX (SIW RSX ETTP] XS TIVQERIRXP] MRWXEPPIHJMVI I\XMRKYMWLMRK W]WXIQW IZIR XLSYKL TSVXMSRW SJ XLSWI W]WXIQW EVI TSVXEFPI WYGL EW LSWI ERH RS^^PIW
[LMGL QE] FI EXXEGLIH XS E JM\IH WYTTP] SJ I\XMRKYMWLMRK EKIRX
2*'77%PP%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 6'SRXIRXW'LETXIV %HQMRMWXVEXMSR z
+IRIVEP z
2*4% 3JJMGMEP (IJMRMXMSRW z
+IRIVEP (IJMRMXMSRW z
*MVI )\XMRKYMWLIV (IJMRMXMSRW z
'LETXIV +IRIVEP 6IUYMVIQIRXW z
0MWXMRK ERH 0EFIPMRK z
-HIRXMJMGEXMSR SJ 'SRXIRXW z
-RWXVYGXMSR 1ERYEP z
3FWSPIXI *MVI )\XMRKYMWLIVW z
'LETXIV 7IPIGXMSR SJ 4SVXEFPI *MVI
7IPIGXMSR JSV 7TIGMJMG ,E^EVHW z
7IPIGXMSR JSV 7TIGMJMG 0SGEXMSRW z
'LETXIV -RWXEPPEXMSR SJ 4SVXEFPI *MVI
)\XMRKYMWLIVW z
+IRIVEP z
-RWXEPPEXMSRW JSV 'PEWW % ,E^EVHW z
-RWXEPPEXMSRW JSV 'PEWW & ,E^EVHW z
-RWXEPPEXMSRW JSV 'PEWW ' ,E^EVHW z
-RWXEPPEXMSRW JSV 'PEWW ( ,E^EVHW z
-RWXEPPEXMSRW JSV 'PEWW / ,E^EVHW z
'LETXIV -RWTIGXMSR 1EMRXIRERGI ERH
1EMRXIRERGI SJ ;LIIPIH )\XMRKYMWLIV,SWIW ERH 6IKYPEXSVW z
)\XMRKYMWLIV 6IGLEVKMRK ERH)\XMRKYMWLMRK %KIRXW z
4VIWWYVI +EYKIW z
4VSLMFMXMSR SR 9WIW SJ )\XMRKYMWLIVWERH 'SRZIVWMSR SJ *MVI )\XMRKYMWLIV8]TIW z
1EMRXIRERGI ERH 6IGLEVKI 7IVZMGI'SPPEV z
;IMKLX 7GEPIW z'LETXIV ,]HVSWXEXMG 8IWXMRK z
%RRI\ % )\TPEREXSV] 1EXIVMEP z
%RRI\ & 6IGSQQIRHIH 1EVOMRKW XS -RHMGEXI
)\XMRKYMWLIV 7YMXEFMPMX] %GGSVHMRK
XS 'PEWW SJ *MVI z
%RRI\ ' *MVI )\XMRKYMWLIV 7IPIGXMSR z
%RRI\ ( 3TIVEXMSR ERH 9WI z
%RRI\ - 1EMRXIRERGI 4VSGIHYVIW z
%RRI\ 8]TMGEP 7TIGMJMGEXMSR SJ )UYMTQIRX
'ETEFPI SJ 4VSHYGMRK (V] %MV z
%RRI\ / -RJSVQEXMSREP 6IJIVIRGIW z-RHI\ z
z'328)287
2*'77%PP%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 72*4%
7XERHEVH JSV
4SVXEFPI *MVI )\XMRKYMWLIVW
)HMXMSR-14368%28 238) 8LMW 2*4% HSGYQIRX MW QEHI EZEMPEFPI JSV
YWI WYFNIGX XS MQTSVXERX RSXMGIW ERH PIKEP HMWGPEMQIVW 8LIWI RSXMGIW
ERH HMWGPEMQIVW ETTIEV MR EPP TYFPMGEXMSRW GSRXEMRMRK XLMW HSGYQIRX
ERH QE] FI JSYRH YRHIV XLI LIEHMRK w-QTSVXERX 2SXMGIW ERH (MW
GPEMQIVW 'SRGIVRMRK 2*4% (SGYQIRXWx 8LI] GER EPWS FI SFXEMRIH
SR VIUYIWX JVSQ 2*4% SV ZMI[IH EX [[[RJTESVKHMWGPEMQIVW
HIWMKREXMRK E TEVEKVETL MRHMGEXIW XLEX I\TPEREXSV] QEXIVMEP
SR XLI TEVEKVETL GER FI JSYRH MR %RRI\ %
'LERKIW SXLIV XLER IHMXSVMEP EVI MRHMGEXIH F] E ZIVXMGEP
VYPI FIWMHI XLI TEVEKVETL XEFPI SV JMKYVI MR [LMGL XLI
GLERKI SGGYVVIH 8LIWI VYPIW EVI MRGPYHIH EW ER EMH XS XLI
YWIV MR MHIRXMJ]MRK GLERKIW JVSQ XLI TVIZMSYW IHMXMSR ;LIVI
SRI SV QSVI GSQTPIXI TEVEKVETLW LEZI FIIR HIPIXIH XLI HI
VIQEMR
% VIJIVIRGI MR FVEGOIXW ? A JSPPS[MRK E WIGXMSR SV TEVEKVETL
MRHMGEXIW QEXIVMEP XLEX LEW FIIR I\XVEGXIH JVSQ ERSXLIV 2*4%
HSGYQIRX %W ER EMH XS XLI YWIV XLI GSQTPIXI XMXPI ERH IHMXMSR
SJ XLI WSYVGI HSGYQIRXW JSV I\XVEGXW MR QERHEXSV] WIGXMSRW SJ
XLI HSGYQIRX EVI KMZIR MR 'LETXIV ERH XLSWI JSV I\XVEGXW MR
MRJSVQEXMSREP WIGXMSRW EVI KMZIR MR %RRI\ / )\XVEGXIH XI\X
QE] FI IHMXIH JSV GSRWMWXIRG] ERH WX]PI ERH QE] MRGPYHI XLI
VIZMWMSR SJ MRXIVREP TEVEKVETL VIJIVIRGIW ERH SXLIV VIJIV
IRGIW EW ETTVSTVMEXI 6IUYIWXW JSV MRXIVTVIXEXMSRW SV VIZMWMSRW
SJ I\XVEGXIH XI\X WLEPP FI WIRX XS XLI XIGLRMGEP GSQQMXXII VI
WTSRWMFPI JSV XLI WSYVGI HSGYQIRX
-RJSVQEXMSR SR VIJIVIRGIH TYFPMGEXMSRW GER FI JSYRH MR
'LETXIV ERH %RRI\ /
'LETXIV %HQMRMWXVEXMSR
7GSTI 8LI TVSZMWMSRW SJ XLMW WXERHEVH ETTP] XS XLI WIPIG
XMSR MRWXEPPEXMSR MRWTIGXMSR QEMRXIRERGI VIGLEVKMRK ERH
XIWXMRK SJ TSVXEFPI JMVI I\XMRKYMWLIVW ERH 'PEWW ( I\XMRKYMWL
MRK EKIRXW
8LI VIUYMVIQIRXW KMZIR LIVIMR EVI QMRMQYQ
8LI VIUYMVIQIRXW WLEPP RSX ETTP] XS TIVQERIRXP] MR
WXEPPIH W]WXIQW JSV JMVI I\XMRKYMWLQIRX IZIR [LIVI TSVXMSRW SJ
WYGL W]WXIQW EVI TSVXEFPI WYGL EW LSWI ERH RS^^PIW EXXEGLIH
4YVTSWI 8LMW WXERHEVH MW TVITEVIH JSV YWI F] ERH KYMH
ERGI SJ TIVWSRW GLEVKIH [MXL WIPIGXMRK TYVGLEWMRK MRWXEPPMRK
ETTVSZMRK PMWXMRK HIWMKRMRK ERH QEMRXEMRMRK TSVXEFPI JMVI
I\XMRKYMWLIVW ERH 'PEWW ( I\XMRKYMWLMRK EKIRXW
8LI JMVI TVSXIGXMSR VIUYMVIQIRXW SJ XLMW WXERHEVH EVI
KIRIVEP MR REXYVI ERH EVI RSX MRXIRHIH XS EFVSKEXI XLI WTI
GMJMG VIUYMVIQIRXW SJ SXLIV 2*4% WXERHEVHW JSV WTIGMJMG SGGY
TERGMIW
2SXLMRK MR XLMW WXERHEVH WLEPP FI GSRWXVYIH EW E VIWXVMG
XMSR SR RI[ XIGLRSPSKMIW SV EPXIVREXMZI EVVERKIQIRXW TVS
ZMHIH XLEX XLI PIZIP SJ TVSXIGXMSR EW LIVIMR HIWGVMFIH MW RSXPS[IVIH ERH MW EGGITXEFPI XS XLI EYXLSVMX] LEZMRK NYVMWHMGXMSR
XS FI VIKEVHIH EW XLI VIUYMVIQIRX
% KMZIR IUYMZEPIRX ZEPYI WLEPP FI TIVQMXXIH XS FI GSR
WMHIVIH ETTVS\MQEXI
8LI GSRZIVWMSR TVSGIHYVI JSV XLI 7- YRMXW MW XS QYPXMTP]
XLI UYERXMX] F] XLI GSRZIVWMSR JEGXSV ERH XLIR VSYRH XLI VI
WYPX XS XLI ETTVSTVMEXI RYQFIV SJ WMKRMJMGERX HMKMXW
'LETXIV 6IJIVIRGIH 4YFPMGEXMSRW
+IRIVEP 8LI HSGYQIRXW SV TSVXMSRW XLIVISJ PMWXIH MR XLMWGLETXIV EVI VIJIVIRGIH [MXLMR XLMW WXERHEVH ERH WLEPP FI GSR
WMHIVIH TEVX SJ XLI VIUYMVIQIRXW SJ XLMW HSGYQIRX
2*4% 4YFPMGEXMSRW 2EXMSREP *MVI 4VSXIGXMSR %WWSGMEXMSR
&EXXIV]QEVGL 4EVO 5YMRG] 1%
2*4% *MVI 'SHI IHMXMSR
2*4% ,]HVSKIR 8IGLRSPSKMIW 'SHI IHMXMSR
2*4% 7XERHEVH JSV XLI -RWXEPPEXMSR SJ 7XERHTMTI ERH ,SWI7]WXIQW IHMXMSR
2*4% 7XERHEVH JSV ;EXIV 8EROW JSV 4VMZEXI *MVI 4VSXIGXMSR
2*4% 7XERHEVH JSV XLI (IWMKR ERH -RWXEPPEXMSR SJ 3\]KIRz
*YIP +EW 7]WXIQW JSV ;IPHMRK 'YXXMRK ERH %PPMIH 4VSGIWWIW
IHMXMSR
2*4% & 7XERHEVH JSV *MVI 4VIZIRXMSR (YVMRK ;IPHMRK 'YX
XMRK ERH 3XLIV ,SX ;SVO IHMXMSR
2*4% :ILMGYPEV +EWISYW *YIP 7]WXIQW 'SHI IHMXMSR
2*4% 0MUYIJMIH 4IXVSPIYQ +EW 'SHI IHMXMSR
8EFPI 1IXVMG 9RMXW SJ 1IEWYVIQIRX2EQI SJ 9RMX %FFVIZMEXMSR 'SRZIVWMSR *EGXSV
Trang 82*4% 9XMPMX] 04+EW 4PERX 'SHI IHMXMSR
2*4% % 7XERHEVH JSV XLI 4VSHYGXMSR 7XSVEKI ERH ,ERHPMRK
2*4% 2EXMSREP *MVI %PEVQ ERH 7MKREPMRK 'SHI IHM
2*4% 7XERHEVH JSV :IRXMPEXMSR 'SRXVSP ERH *MVI 4VSXIGXMSR SJ
'SQQIVGMEP 'SSOMRK 3TIVEXMSRW IHMXMSR
2*4% ,IEPXL 'EVI *EGMPMXMIW 'SHI IHMXMSR
2*4% & 7XERHEVH JSV ,]TSFEVMG *EGMPMXMIW IHMXMSR
2*4% 0MJI 7EJIX] 'SHI IHMXMSR
2*4% 7XERHEVH JSV +VERHWXERHW *SPHMRK ERH 8IPIWGSTMG
7IEXMRK 8IRXW ERH 1IQFVERI 7XVYGXYVIW IHMXMSR
2*4% 7XERHEVH JSV 0EWIV *MVI 4VSXIGXMSR IHMXMSR
2*4% 7XERHEVH JSV *MVI 4VIZIRXMSR ERH 'SRXVSP MR 'SEP
1MRIW IHMXMSR
2*4% 7XERHEVH JSV *MVI 4VIZIRXMSR ERH 'SRXVSP MR 1IXEP
2SRQIXEP 1MRMRK ERH 1IXEP 1MRIVEP 4VSGIWWMRK *EGMPMXMIW IHM
XMSR
2*4% 7XERHEVH JSV *M\IH +YMHI[E] 8VERWMX ERH 4EWWIRKIV
6EMP 7]WXIQW IHMXMSR
2*4% 7XERHEVH SR 1SXMSR 4MGXYVI ERH 8IPIZMWMSR 4VSHYG
XMSR 7XYHMS 7SYRHWXEKIW %TTVSZIH 4VSHYGXMSR *EGMPMXMIW ERH 4VSHYG
2*4% 7XERHEVH JSV XLI 4VSXIGXMSR SJ 6IGSVHW IHMXMSR
2*4% 7XERHEVH JSV 7EJIKYEVHMRK 'SRWXVYGXMSR %PXIVEXMSR
ERH (IQSPMXMSR 3TIVEXMSRW IHMXMSR
2*4% 'SHI JSV 7EJIX] XS 0MJI JVSQ *MVI SR 1IVGLERX :IWWIPW
2*4% 7XERHEVH JSV XLI 'SRWXVYGXMSR ERH *MVI 4VSXIGXMSR SJ
1EVMRI 8IVQMREPW 4MIVW ERH ;LEVZIW IHMXMSR
2*4% 7XERHEVH JSV XLI 7EJIKYEVHMRK SJ 8EROW ERH 'SRXEMR
IVW JSV )RXV] 'PIERMRK SV 6ITEMV IHMXMSR
2*4% 7XERHEVH JSV 8ERO :ILMGPIW JSV *PEQQEFPI ERH 'SQ
FYWXMFPI 0MUYMHW IHMXMSR
2*4% ,E^EVHSYW 1EXIVMEPW 'SHI IHMXMSR
2*4% 7XERHEVH JSV %MVGVEJX 6IWGYI ERH *MVI*MKLXMRK 7IV
ZMGIW EX %MVTSVXW IHMXMSR
2*4% 7XERHEVH JSV %MVGVEJX *YIP 7IVZMGMRK IHMXMSR
2*4% 7XERHEVH JSV %MVGVEJX ,ERH 4SVXEFPI *MVI )\XMRKYMWL
IVW IHMXMSR
2*4% 7XERHEVH SR %MVGVEJX ,ERKEVW IHMXMSR
2*4% 7XERHEVH SR %MVGVEJX 1EMRXIRERGI IHMXMSR
2*4% 7XERHEVH JSV ,IPMTSVXW IHMXMSR
2*4% 7XERHEVH JSV 'SRWXVYGXMSR ERH 4VSXIGXMSR SJ %MVGVEJX
)RKMRI 8IWX *EGMPMXMIW IHMXMSR
2*4% 7XERHEVH JSV 'SQFYWXMFPI 1IXEPW IHMXMSR
2*4% )\TPSWMZI 1EXIVMEPW 'SHI IHMXMSR
2*4% 7XERHEVH JSV 7EJI ,EZIRW ERH -RXIVGLERKI 0SXW JSV
:ILMGPIW 8VERWTSVXMRK )\TPSWMZIW IHMXMSR
2*4% % 7XERHEVH JSV *MVI 7EJIX] 'VMXIVME JSV 1ERYJEGXYVIH
,SQI -RWXEPPEXMSRW 7MXIW ERH 'SQQYRMXMIW IHMXMSR
2*4% 7XERHEVH JSV 6SEH 8YRRIPW &VMHKIW ERH 3XLIV 0MQ
MXIH %GGIWW ,MKL[E]W IHMXMSR
2*4% *MVI 7EJIX] 7XERHEVH JSV 4S[IVIH -RHYWXVMEP 8VYGOW-RGPYHMRK 8]TI (IWMKREXMSRW %VIEW SJ 9WI 'SRZIVWMSRW 1EMRXIRERGI ERH 3TIVEXMSRW IHMXMSR
2*4% 7XERHEVH JSV 4VIZIRXMSR SJ 7YPJYV *MVIW ERH )\TPSWMSRW IHMXMSR
2*4% 7XERHEVH JSV XLI -RWXEPPEXMSR SJ )PIGXVSRMG 4VIQMWIW7IGYVMX] 7]WXIQW IHMXMSR
2*4% 7XERHEVH JSV *MVI 4VSXIGXMSR JSV *EGMPMXMIW ,ERHPMRK6EHMSEGXMZI 1EXIVMEPW IHMXMSR
2*4% 7XERHEVH JSV *MVI 4VSXIGXMSR JSV %HZERGIH 0MKLX ;EXIV6IEGXSV )PIGXVMG +IRIVEXMRK 4PERXW IHMXMSR
2*4% 4IVJSVQERGI&EWIH 7XERHEVH JSV *MVI 4VSXIGXMSR JSV0MKLX ;EXIV 6IEGXSV )PIGXVMG +IRIVEXMRK 4PERXW IHMXMSR
2*4% 7XERHEVH JSV *MVI 4VSXIGXMSR MR ;EWXI[EXIV 8VIEXQIRXERH 'SPPIGXMSR *EGMPMXMIW IHMXMSR
2*4% 'SHI JSV XLI 4VSXIGXMSR SJ 'YPXYVEP 6IWSYVGI 4VSTIVXMIW{ 1YWIYQW 0MFVEVMIW ERH 4PEGIW SJ ;SVWLMT IHMXMSR
2*4% 'SHI JSV *MVI 4VSXIGXMSR SJ ,MWXSVMG 7XVYGXYVIW IHMXMSR
2*4% 'SHI JSV *MVI[SVOW (MWTPE] IHMXMSR
2*4% 'SHI JSV XLI 1ERYJEGXYVI 8VERWTSVXEXMSR 7XSVEKIERH 6IXEMP 7EPIW SJ *MVI[SVOW ERH 4]VSXIGLRMG %VXMGPIW IHMXMSR2*4% 'SHI JSV XLI 1ERYJEGXYVI SJ 1SHIP 6SGOIX ERH ,MKL4S[IV 6SGOIX 1SXSVW IHMXMSR
2*4% 7XERHEVH JSV XLI 9WI SJ 4]VSXIGLRMGW &IJSVI E 4VS\MQEXI %YHMIRGI IHMXMSR
2*4% 7XERHEVH JSV *MVI 4VSXIGXMSR -RJVEWXVYGXYVI JSV 0ERH(IZIPSTQIRX MR ;MPHPERH 6YVEP ERH 7YFYVFER %VIEW IHMXMSR
2*4% 7XERHEVH SR 6IGVIEXMSREP :ILMGPIW IHMXMSR
2*4% 7XERHEVH JSV 6IGVIEXMSREP :ILMGPI 4EVOW ERH 'EQTKVSYRHW IHMXMSR
2*4% 7XERHEVH JSV XLI -RWXEPPEXMSR 1EMRXIRERGI ERH 9WI
SJ )QIVKIRG] 7IVZMGIW 'SQQYRMGEXMSRW 7]WXIQW IHMXMSR
2*4% 7XERHEVH JSV %YXSQSXMZI *MVI %TTEVEXYW IHMXMSR
2*4% 7XERHEVH JSV ;MPHPERH *MVI %TTEVEXYW IHMXMSR
2*4% 7XERHEVH SR 1EVMRI *MVI*MKLXMRK :IWWIPW IHMXMSR
2*4% &YMPHMRK 'SRWXVYGXMSR ERH 7EJIX] 'SHI IHMXMSR
'+% 4YFPMGEXMSRW 'SQTVIWWIH +EW %WWSGMEXMSR
;EPRI] 6SEH XL *PSSV 'LERXMPP] :%
'+% ' 1IXLSHW SJ ,]HVSWXEXMG 8IWXMRK SJ 'SQTVIWWIH +EW ']PMRHIVW
2*'77%PP%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 990 4YFPMGEXMSRW 9RHIV[VMXIVW 0EFSVEXSVMIW -RG
4JMRKWXIR 6SEH 2SVXLFVSSO -0
90 7XERHEVH JSV ,EPSKIREXIH %KIRX *MVI )\XMRKYMWLIVW
6IZMWIH
90 7XERHEVH JSV *EGXSV] *SPPS[9T SR 8LMVH 4EVX] 'IVXMJMIH
4SVXEFPI *MVI )\XMRKYMWLIVW 6IZMWIH
90' 4YFPMGEXMSRW 9RHIV[VMXIVWv 0EFSVEXSVMIW SJ
'EREHE 9RHIV[VMXIVW 6SEH 8SVSRXS 3RXEVMS 16 %
'EREHE
'%290'7 7XERHEVH JSV ,EPSKIREXIH %KIRX ,ERH ERH
;LIIPIH *MVI )\XMRKYMWLIVW 6IEJJMVQIH
9090' 4YFPMGEXMSRW 8LI JSPPS[MRK TYFPMGEXMSRW EVI
FMREXMSREPP] LEVQSRM^IH WXERHEVHW JSV 9RHIV[VMXIVW 0EFSVE
XSVMIW -RG 4JMRKWXIR 6SEH 2SVXLFVSSO -0
ERH 9RHIV[VMXIVWv 0EFSVEXSVMIW SJ 'EREHE 9RHIV[VMXIVW
6SEH 8SVSRXS 3RXEVMS 16 % 'EREHE
%27-90 '%290'7 ;EXIV &EWIH %KIRX *MVI )\XMR
KYMWLIVW 6IZMWIH
%27-90 '%290'7 7XERHEVH JSV 'EVFSR(MS\MHI
*MVI )\XMRKYMWLIVW 6IZMWIH
%27-90 '%290'7 7XERHEVH JSV (V] 'LIQMGEP
*MVI )\XMRKYMWLIVW 6IZMWIH
%27-90 '%290'7 7XERHEVH JSV ;EXIV *MVI )\
XMRKYMWLIVW 6IZMWIH
%27-90 '%290'7 7XERHEVH JSV 6EXMRK ERH *MVI
8IWXMRK SJ *MVI )\XMRKYMWLIVW 6IZMWIH
%27-90 '%290'7 7XERHEVH JSV ,EPSGEVFSR
'PIER %KIRX *MVI )\XMRKYMWLIVW 6IZMWIH
97 +SZIVRQIRX 4YFPMGEXMSRW 97 +SZIVRQIRX 4VMRX
6IJIVIRGIW JSV )\XVEGXW MR 1ERHEXSV] 7IGXMSRW
2*4% 7XERHEVH JSV (V] 'LIQMGEP )\XMRKYMWLMRK 7]WXIQW
IHMXMSR
2*4% % 7XERHEVH JSV ;IX 'LIQMGEP )\XMRKYMWLMRK 7]WXIQW
IHMXMSR
2*4% 7XERHEVH SR ;IXXMRK %KIRXW IHMXMSR
2*4% :ILMGYPEV +EWISYW *YIP 7]WXIQW 'SHI IHMXMSR
'LETXIV (IJMRMXMSRW
+IRIVEP 8LI HIJMRMXMSRW GSRXEMRIH MR XLMW GLETXIV WLEPP
ETTP] XS XLI XIVQW YWIH MR XLMW WXERHEVH ;LIVI XIVQW EVI RSX
HIJMRIH MR XLMW GLETXIV SV [MXLMR ERSXLIV GLETXIV XLI] WLEPP
FI HIJMRIH YWMRK XLIMV SVHMREVMP] EGGITXIH QIERMRKW [MXLMR
XLI GSRXI\X MR [LMGL XLI] EVI YWIH 1IVVMEQ;IFWXIVvW 'SPPIKMEXI
(MGXMSREV] XL IHMXMSR WLEPP FI XLI WSYVGI JSV XLI SVHMREVMP]
EGGITXIH QIERMRK
2*4% 3JJMGMEP (IJMRMXMSRW
%TTVSZIH %GGITXEFPI XS XLI EYXLSVMX] LEZMRK NYVMWHMG
XMSR
SJJMGI SV MRHMZMHYEP VIWTSRWMFPI JSV IRJSVGMRK XLI VIUYMVI
QIRXW SJ E GSHI SV WXERHEVH SV JSV ETTVSZMRK IUYMTQIRX
QEXIVMEPW ER MRWXEPPEXMSR SV E TVSGIHYVI
0EFIPIH )UYMTQIRX SV QEXIVMEPW XS [LMGL LEW FIIREXXEGLIH E PEFIP W]QFSP SV SXLIV MHIRXMJ]MRK QEVO SJ ER SVKE
RM^EXMSR XLEX MW EGGITXEFPI XS XLI EYXLSVMX] LEZMRK NYVMWHMGXMSRERH GSRGIVRIH [MXL TVSHYGX IZEPYEXMSR XLEX QEMRXEMRW TIVM
SHMG MRWTIGXMSR SJ TVSHYGXMSR SJ PEFIPIH IUYMTQIRX SV QEXI
VMEPW ERH F] [LSWI PEFIPMRK XLI QERYJEGXYVIV MRHMGEXIW GSQ
TPMERGI [MXL ETTVSTVMEXI WXERHEVHW SV TIVJSVQERGI MR EWTIGMJMIH QERRIV
0MWXIH )UYMTQIRX QEXIVMEPW SV WIVZMGIW MRGPYHIH MR EPMWX TYFPMWLIH F] ER SVKERM^EXMSR XLEX MW EGGITXEFPI XS XLI EY
XLSVMX] LEZMRK NYVMWHMGXMSR ERH GSRGIVRIH [MXL IZEPYEXMSR SJTVSHYGXW SV WIVZMGIW XLEX QEMRXEMRW TIVMSHMG MRWTIGXMSR SJTVSHYGXMSR SJ PMWXIH IUYMTQIRX SV QEXIVMEPW SV TIVMSHMG IZEPY
EXMSR SJ WIVZMGIW ERH [LSWI PMWXMRK WXEXIW XLEX IMXLIV XLI IUYMT
QIRX QEXIVMEP SV WIVZMGI QIIXW ETTVSTVMEXI HIWMKREXIH WXER
HEVHW SV LEW FIIR XIWXIH ERH JSYRH WYMXEFPI JSV E WTIGMJMIHTYVTSWI
7LEPP -RHMGEXIW E QERHEXSV] VIUYMVIQIRX
7LSYPH -RHMGEXIW E VIGSQQIRHEXMSR SV XLEX [LMGL MWEHZMWIH FYX RSX VIUYMVIH
7XERHEVH % HSGYQIRX XLI QEMR XI\X SJ [LMGL GSRXEMRWSRP] QERHEXSV] TVSZMWMSRW YWMRK XLI [SVH wWLEPPx XS MRHMGEXIVIUYMVIQIRXW ERH [LMGL MW MR E JSVQ KIRIVEPP] WYMXEFPI JSVQERHEXSV] VIJIVIRGI F] ERSXLIV WXERHEVH SV GSHI SV JSV EHST
XMSR MRXS PE[ 2SRQERHEXSV] TVSZMWMSRW EVI RSX XS FI GSRWMH
IVIH E TEVX SJ XLI VIUYMVIQIRXW SJ E WXERHEVH ERH WLEPP FIPSGEXIH MR ER ETTIRHM\ ERRI\ JSSXRSXI MRJSVQEXMSREP RSXI
SV SXLIV QIERW EW TIVQMXXIH MR XLI 1ERYEP SJ 7X]PI JSV 2*4%
8IGLRMGEP 'SQQMXXII (SGYQIRXW
+IRIVEP (IJMRMXMSRW
%27- %QIVMGER 2EXMSREP 7XERHEVHW -RWXMXYXI ? A
%RXMJVII^I 'LEVKI 7II 0SEHIH 7XVIEQ 'LEVKI
'EVFSR (MS\MHI % GSPSVPIWW SHSVPIWW IPIGXVMGEPP] RSR
GSRHYGXMZI MRIVX KEW XLEX MW E WYMXEFPI QIHMYQ JSV I\XMRKYMWL
MRK 'PEWW & ERH 'PEWW ' JMVIW
'LIQMGEP
(V] 'LIQMGEP % TS[HIV GSQTSWIH SJ ZIV] WQEPP TEV
XMGPIW YWYEPP] WSHMYQ FMGEVFSREXI TSXEWWMYQ FMGEVFSREXI
SV EQQSRMYQ TLSWTLEXIFEWIH [MXL EHHIH TEVXMGYPEXI QEXI
VMEP WYTTPIQIRXIH F] WTIGMEP XVIEXQIRX XS TVSZMHI VIWMWXERGIXLI TVSTIV JPS[ GETEFMPMXMIW ? A
;IX 'LIQMGEP 2SVQEPP] ER EUYISYW WSPYXMSR SJSVKERMG SV MRSVKERMG WEPXW SV E GSQFMREXMSR XLIVISJ XLEXJSVQW ER I\XMRKYMWLMRK EKIRX ?% A
'PIER %KIRX )PIGXVMGEPP] RSRGSRHYGXMRK ZSPEXMPI SVKEWISYW JMVI I\XMRKYMWLERX XLEX HSIW RSX PIEZI E VIWMHYI YTSRIZETSVEXMSR
Trang 10'PSWIH 6IGSZIV] 7]WXIQ
(V] 'LIQMGEP 'PSWIH 6IGSZIV] 7]WXIQ % W]WXIQ XLEX
MW GSRWXVYGXIH MR E QERRIV XLEX HSIW RSX MRXVSHYGI JSVIMKR
QEXIVMEP MRXS XLI EKIRX FIMRK VIGSZIVIH ERH LEW E QIERW SJ
ZMWYEPP] MRWTIGXMRK XLI VIGSZIVIH EKIRX JSV GSRXEQMRERXW
,EPSKIREXIH 'PSWIH 6IGSZIV] 7]WXIQ % W]WXIQ XLEX
TVSZMHIW JSV XLI XVERWJIV SJ LEPSKIREXIH EKIRXW FIX[IIR
JMVI I\XMRKYMWLIVW WYTTP] GSRXEMRIVW ERH VIGLEVKI ERH VI
GSZIV] GSRXEMRIVW WS XLEX RSRI SJ XLI LEPSKIREXIH EKIRX
IWGETIW XS XLI EXQSWTLIVI 'PSWIH VIGSZIV] W]WXIQW JSV LE
SJ SV KVIEXIV WLSYPH FI PMWXIH JSV YWI [MXL XLEX EKIRX
8LI W]WXIQvW WYTTP] SV VIGLEVKI ERH VIGSZIV] GSRXEMRIV MW
GETEFPI SJ QEMRXEMRMRK XLI EKIRX MR E WIEPIH IRZMVSRQIRX
YRXMP MX MW VIYWIH SV VIXYVRIH XS XLI EKIRX QERYJEGXYVIV
']PMRHIV
GSRXEMRMRK RMXVSKIR GSQTVIWWIH EMV GEVFSR HMS\MHI SV
0S[4VIWWYVI ']PMRHIV ']PMRHIVW GSRXEMRMRK JMVI
SV SXLIV GSQTVIWWIH KEWIW EX E WIVZMGI TVIWWYVI SJ TWM
(38 97 (ITEVXQIRX SJ 8VERWTSVXEXMSR ? A
(V] 4S[HIV 7SPMH QEXIVMEPW MR TS[HIV SV KVERYPEV
JSVQ HIWMKRIH XS I\XMRKYMWL 'PEWW ( GSQFYWXMFPI QIXEP JMVIW
F] GVYWXMRK WQSXLIVMRK SV LIEXXVERWJIVVMRK QIERW
)PIGXVSRMG 1SRMXSVMRK % QIXLSH SJ IPIGXVSRMG GSQ
KYMWLIV ERH ER IPIGXVSRMG QSRMXSVMRK HIZMGIW]WXIQ
)\XMRKYMWLIV &VEGOIX )\XMRKYMWLIV VIXIRXMSR HIZMGI
HIWMKRIH XS QSYRX ERH WIGYVI E WTIGMJMG I\XMRKYMWLIV QSHIP
SRXS ZEVMSYW WYVJEGIW F] MRGSVTSVEXMRK VIPIEWEFPI WXVETW SV
FERHW XS WIGYVI XLI JMVI I\XMRKYMWLIV
)\XMRKYMWLIV 'EFMRIX %R MHIRXMJMEFPI ERH VIEHMP] EG
GIWWMFPI JMVI I\XMRKYMWLIV LSYWMRK HIZMGI HIWMKRIH XS WXSVI ERH
TVSXIGX JMVI IUYMTQIRX
)\XMRKYMWLIV ,ERKIV )\XMRKYMWLIV QSYRXMRK HIZMGI
HIWMKRIH JSV QSYRXMRK E WTIGMJMG I\XMRKYMWLIV QSHIP SRXS WXE
XMSREV] ZIVXMGEP WYVJEGIW
)\XMRKYMWLIV -RWTIGXMSR % UYMGO GLIGO XLEX E JMVI I\
XMRKYMWLIV MW MR MXW HIWMKREXIH TPEGI XLEX MX LEW RSX FIIR EGXY
EXIH SV XEQTIVIH [MXL ERH XLEX XLIVI MW RS SFZMSYW TL]WMGEP
HEQEKI SV GSRHMXMSR XS TVIZIRX MXW STIVEXMSR
)\XMRKYMWLIV 1EMRXIRERGI % XLSVSYKL I\EQMREXMSR
SJ XLI JMVI I\XMRKYMWLIV XLEX MW MRXIRHIH XS KMZI QE\MQYQ EW
WYVERGI XLEX E JMVI I\XMRKYMWLIV [MPP STIVEXI IJJIGXMZIP] ERH
WEJIP] ERH XS HIXIVQMRI MJ TL]WMGEP HEQEKI SV GSRHMXMSR [MPP
TVIZIRX MXW STIVEXMSR MJ ER] VITEMV SV VITPEGIQIRX MW RIGIWWEV]
ERH MJ L]HVSWXEXMG XIWXMRK SV MRXIVREP QEMRXIRERGI MW VIUYMVIH
*MPQ*SVQMRK *SEQ %KIRXW %UYISYW JMPQJSVQMRK
*PEQQEFPI 0MUYMHW SJ %TTVIGMEFPI (ITXL *PEQQEFPI
PMUYMHW SJ ETTVIGMEFPI HITXL EVI XLSWI [MXL E HITXL KVIEXIV
XLER
IVIRGIH MR XLMW WXERHEVH EVI SJ XLI JSPPS[MRK X]TIW
,EPSGEVFSRW ,EPSGEVFSR EKIRXW MRGPYHI L]HVS
EKIRXW ERH SXLIV LEPSGEVFSRW XLEX EVI JSYRH EGGITXEFPIYRHIV XLI )RZMVSRQIRXEP 4VSXIGXMSR %KIRG] 7MKRMJMGERX2I[ %PXIVREXMZIW 4SPMG] TVSKVEQ
,EPSRW ,EPSRW MRGPYHI FVSQSGLPSVSHMJPYS
,]HVSWXEXMG 8IWXMRK 4VIWWYVI XIWXMRK SJ XLI I\XMRKYMWLIV
XS ZIVMJ] MXW WXVIRKXL EKEMRWX YR[ERXIH VYTXYVI
0SEHIH 7XVIEQ 'LEVKI % [EXIVFEWIH I\XMRKYMWLMRKEKIRX XLEX YWIW ER EPOEPM QIXEP WEPX EW E JVII^MRK TSMRX HITVIWWERX
1MPH 7XIIP 7LIPP %PP WXIIP WLIPPW SXLIV XLER WXEMRPIWWWXIIP ERH WXIIP WLIPPW YWIH JSV LMKLTVIWWYVI G]PMRHIVW
4VIWWYVI
)\XMRKYMWLIV 7IVZMGI 4VIWWYVI 8LI RSVQEP STIVEXMRK TVIWWYVI EW MRHMGEXIH SR XLI REQITPEXI SV G]PMRHIV SJ EJMVI I\XMRKYMWLIV
*EGXSV] 8IWX 4VIWWYVI 8LI TVIWWYVI WLS[R SR XLIREQITPEXI EX [LMGL E WLIPP [EW XIWXIH EX XMQI SJ QERYJEGXYVI
4VIWWYVM^IH *PEQQEFPI 0MUYMH *MVIW *MVIW VIWYPXMRKJVSQ PMUYMHW XLEX EVI JSVGIH TYQTIH SV WTVE]IH
6IGLEVKMRK 8LI VITPEGIQIRX SJ XLI I\XMRKYMWLMRKEKIRX EPWS MRGPYHIW XLI I\TIPPERX JSV GIVXEMR X]TIW SJ JMVI
7IVZMGMRK 4IVJSVQMRK QEMRXIRERGI VIGLEVKMRK SV L]HVSWXEXMG XIWXMRK SR E JMVI I\XMRKYMWLIV
8' 8VERWTSVX 'EREHE JSVQIVP] 'EREHE 8VERWTSVXTVIWWYVI G]PMRHIVW ERH GEVXVMHKIW MR 'EREHE
8VEZIP (MWXERGI 8LI EGXYEP [EPOMRK HMWXERGI JVSQER] TSMRX XS XLI RIEVIWX JMVI I\XMRKYMWLIV JYPJMPPMRK LE^EVHVIUYMVIQIRXW
;IXXMRK %KIRX % GSRGIRXVEXI [LMGL [LIR EHHIH XS[EXIV VIHYGIW XLI WYVJEGI XIRWMSR ERH MRGVIEWIW MXW EFMPMX] XSTIRIXVEXI ERH WTVIEH ? A
*MVI )\XMRKYMWLIV (IJMRMXMSRW
'EVXVMHKI']PMRHIV3TIVEXIH *MVI )\XMRKYMWLIV % JMVII\XMRKYMWLIV MR [LMGL XLI I\TIPPERX KEW MW MR E WITEVEXI GSRXEMRIV JVSQ XLI EKIRX WXSVEKI GSRXEMRIV
JMVI I\XMRKYMWLIV XLEX MW MRXIRHIH XS FI YWIH SRI XMQI ERH RSXGETEFPI SJ SV MRXIRHIH XS FI VIGLEVKIH ERH VIXYVRIH XS WIVZMGI
4SVXEFPI *MVI )\XMRKYMWLIV % TSVXEFPI HIZMGI GEVVMIH SV
SR [LIIPW ERH STIVEXIH F] LERH GSRXEMRMRK ER I\XMRKYMWLMRKEKIRX XLEX GER FI I\TIPPIH YRHIV TVIWWYVI JSV XLI TYVTSWI SJWYTTVIWWMRK SV I\XMRKYMWLMRK JMVI
KYMWLIV GETEFPI SJ YRHIVKSMRK GSQTPIXI QEMRXIRERGI MRGPYHMRK MRXIVREP MRWTIGXMSR SJ XLI TVIWWYVI ZIWWIP VITPEGIQIRX SJ EPPWYFWXERHEVH TEVXW ERH WIEPW ERH L]HVSWXEXMG XIWXMRK
z()*-2-8-327
2*'77%PP%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 117IPJ)\TIPPMRK *MVI )\XMRKYMWLIV % JMVI I\XMRKYMWLIV MR
[LMGL XLI EKIRX LEW WYJJMGMIRX ZETSV TVIWWYVI EX RSVQEP STIV
EXMRK XIQTIVEXYVIW XS I\TIP MXWIPJ
7XSVIH4VIWWYVI *MVI )\XMRKYMWLIV % JMVI I\XMRKYMWLIV MR
[LMGL FSXL XLI I\XMRKYMWLMRK EKIRX ERH I\TIPPERX KEW EVI OITX
MR E WMRKPI GSRXEMRIV ERH XLEX MRGPYHIW E TVIWWYVI MRHMGEXSV SV
KEYKI
;EXIV 1MWX *MVI )\XMRKYMWLIV % JMVI I\XMRKYMWLIV GSR
XEMRMRK HMWXMPPIH SV HIMSRM^IH [EXIV ERH IQTPS]MRK E RS^^PI
XLEX HMWGLEVKIW XLI EKIRX MR E JMRI WTVE]
;EXIV8]TI *MVI )\XMRKYMWLIV % JMVI I\XMRKYMWLIV GSR
XEMRMRK [EXIVFEWIH EKIRXW WYGL EW [EXIV JMPQJSVQMRK JSEQ
GLIQMGEP
;LIIPIH *MVI )\XMRKYMWLIV % TSVXEFPI JMVI I\XMRKYMWLIV
IUYMTTIH [MXL E GEVVMEKI ERH [LIIPW MRXIRHIH XS FI XVERW
'LETXIV +IRIVEP 6IUYMVIQIRXW
0MWXMRK ERH 0EFIPMRK
4SVXEFPI JMVI I\XMRKYMWLIVW YWIH XS GSQTP] [MXL XLMW
WXERHEVH WLEPP FI PMWXIH ERH PEFIPIH ERH WLEPP QIIX SV I\GIIH
EPP XLI VIUYMVIQIRXW SJ SRI SJ XLI JSPPS[MRK JMVI XIWX WXERHEVHW
ERH SRI SJ XLI JSPPS[MRK ETTPMGEFPI TIVJSVQERGI WXERHEVHW
%27-90 '%290'7 7XERHEVH JSV 6EXMRK ERH
*MVI 8IWXMRK SJ *MVI )\XMRKYMWLIVW
7XERHEVH JSV 'EVFSR(MS\MHI *MVI )\XMRKYMWLIVW
7XERHEVH JSV (V] 'LIQMGEP *MVI )\XMRKYMWLIVW
HEVH JSV ;EXIV *MVI )\XMRKYMWLIVW
REXIH %KIRX ,ERH ERH ;LIIPIH *MVI )\XMRKYMWLIVW
7 ;EXIV &EWIH %KIRX *MVI )\XMRKYMWLIVW
7XERHEVH JSV ,EPSGEVFSR 'PIER %KIRX *MVI )\XMRKYMWLIVW
)EGL JMVI I\XMRKYMWLIV WLEPP FI QEVOIH [MXL XLI JSPPS[MRK
QIIXW SV I\GIIHW
*MVI I\XMRKYMWLIVW QERYJEGXYVIH TVMSV XS ERYEV]
WLEPP RSX FI VIUYMVIH XS GSQTP] [MXL
,EPSR I\XMRKYMWLIVW PMWXIH ERH PEFIPIH XS 90
7XERHEVH JSV ,EPSKIREXIH %KIRX *MVI )\XMRKYMWLIVW WLEPP FI TIVQMX
XIH XS FI YWIH XS GSQTP] [MXL XLI VIUYMVIQIRXW SJ XLMW WXER
HEVH [LIR MRWXEPPIH MRWTIGXIH ERH QEMRXEMRIH MR EGGSVHERGI
[MXL XLMW WXERHEVH
%R SVKERM^EXMSR PMWXMRK JMVI I\XMRKYMWLIVW YWIH XS GSQ
TP] [MXL XLI VIUYMVIQIRXW SJ XLMW WXERHEVH WLEPP YXMPM^I E XLMVH
TEVX] GIVXMJMGEXMSR TVSKVEQ JSV TSVXEFPI JMVI I\XMRKYMWLIVW XLEX
QIIXW SV I\GIIHW 90 7XERHEVH JSV *EGXSV] *SPPS[9T SR8LMVH 4EVX] 'IVXMJMIH 4SVXEFPI *MVI )\XMRKYMWLIVW
*MVI I\XMRKYMWLIVW QERYJEGXYVIH TVMSV XS ERYEV]
WLEPP RSX FI VIUYMVIH XS GSQTP] [MXL
'IVXMJMGEXMSR SVKERM^EXMSRW EGGVIHMXIH F] XLI 7XERHEVHW'SYRGMP SJ 'EREHE WLEPP RSX FI VIUYMVIH XS GSQTP] [MXL
0MWXIH ERH PEFIPIH 'PEWW ( I\XMRKYMWLMRK EKIRXW MR
XIRHIH XS FI QERYEPP] ETTPMIH XS GSQFYWXMFPI QIXEP JMVIW WLEPPGSQTP] [MXL XLI JMVI XIWX VIUYMVIQIRXW WTIGMJMIH MR %27-90
'%290'7
)PIGXVMGEP 'SRHYGXMZMX] )\XMRKYMWLIVW PMWXIH JSV XLI 'PEWW 'VEXMRK WLEPP RSX GSRXEMR ER EKIRX XLEX MW E GSRHYGXSV SJ IPIGXVMGMX]
-R EHHMXMSR XS WYGGIWWJYPP] QIIXMRK XLI VIUYMVIQIRXW SJ
%27-90 '%290'7 [EXIVFEWIH EKIRXW WLEPP FIXIWXIH MR EGGSVHERGI [MXL %781 ( 7XERHEVH 8IWX JSV )PIGXVMGEP'SRHYGXMZMX] ERH 6IWMWXMZMX] SJ E *PS[MRK ,MKL 4YVMX] ;EXIV 7EQTPI
*MVI I\XMRKYMWLIVW GSRXEMRMRK [EXIVFEWIH EKIRXW XLEXWLEPP FI GSRWMHIVIH E GSRHYGXSV SJ IPIGXVMGMX] ERH XLIVIJSVIWLEPP RSX FI VEXIH 'PEWW '
4EVEKVETLW ERH WLEPP ETTP] SRP] XS [EXIV
FEWIH I\XMRKYMWLIVW QERYJEGXYVIH EJXIV %YKYWX
-HIRXMJMGEXMSR SJ 'SRXIRXW % JMVI I\XMRKYMWLIV WLEPP LEZI
E PEFIP XEK SV WXIRGMP EXXEGLIH XS MX TVSZMHMRK XLI JSPPS[MRKMRJSVQEXMSR
-QTPIQIRXEXMSREP 1ERYEP ?MR 'EREHE ;SVOTPEGI ,E^EVHSYWZIPSTIH F] XLI 2EXMSREP 4EMRX ERH 'SEXMRKW %WWSGMEXMSR
TIVGIRX SJ XLI GSRXIRXWXIRXW
EGGSVHERGI [MXL XLI 17(7HVIWW ERH TLSRI RYQFIV
-RWXVYGXMSR 1ERYEP
8LI S[RIV SV XLI S[RIVvW EKIRX WLEPP FI TVSZMHIH [MXL EJMVI I\XMRKYMWLIV MRWXVYGXMSR QERYEP XLEX HIXEMPW GSRHIRWIHMRWXVYGXMSRW ERH GEYXMSRW RIGIWWEV] XS XLI MRWXEPPEXMSR STIVE
8LI QERYEP WLEPP VIJIV XS XLMW WXERHEVH EW E WSYVGI SJHIXEMPIH MRWXVYGXMSR
3FWSPIXI *MVI )\XMRKYMWLIVW 8LI JSPPS[MRK X]TIW SJ JMVII\XMRKYMWLIVW EVI GSRWMHIVIH SFWSPIXI ERH WLEPP FI VIQSZIHJVSQ WIVZMGI
WSJX WSPHIV SV VMZIXW
2*'77%PP%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 12XS
VEXMRKW
(V] GLIQMGEP WXSVIHTVIWWYVI I\XMRKYMWLIVW QERYJEG
XYVIH TVMSV XS 3GXSFIV WLEPP FI VIQSZIH JVSQ WIVZMGI EX
XLI RI\X ]IEV QEMRXIRERGI MRXIVZEP SV XLI RI\X L]HVSXIWX
[LMGLIZIV GSQIW JMVWX
7YFWIGXMSR WLEPP RSX ETTP] XS [LIIPIHX]TI HV]
GLIQMGEP WXSVIHTVIWWYVI JMVI I\XMRKYMWLIVW
%R] JMVI I\XMRKYMWLIV XLEX GER RS PSRKIV FI WIVZMGIH MR
EGGSVHERGI [MXL XLI QERYJEGXYVIVvW QEMRXIRERGI QERYEP MW
GSRWMHIVIH SFWSPIXI ERH WLEPP FI VIQSZIH JVSQ WIVZMGI
'LETXIV 7IPIGXMSR SJ 4SVXEFPI *MVI )\XMRKYMWLIVW
+IRIVEP 6IUYMVIQIRXW 8LI WIPIGXMSR SJ JMVI I\XMRKYMWLIVW
JSV E KMZIR WMXYEXMSR WLEPP FI HIXIVQMRIH F] XLI ETTPMGEFPI
VIUYMVIQIRXW SJ 7IGXMSRW XLVSYKL ERH XLI JSPPS[MRK
JEGXSVW
4SVXEFPI JMVI I\XMRKYMWLIVW WLEPP FI MRWXEPPIH EW E JMVWX
PMRI SJ HIJIRWI XS GSTI [MXL JMVIW SJ PMQMXIH WM^I I\GITX EW
VIUYMVIH F]
8LI WIPIGXMSR SJ I\XMRKYMWLIVW WLEPP FI MRHITIRHIRX SJ
[LIXLIV XLI FYMPHMRK MW IUYMTTIH [MXL EYXSQEXMG WTVMROPIVW
WXERHTMTI ERH LSWI SV SXLIV JM\IH TVSXIGXMSR IUYMTQIRX
'PEWWMJMGEXMSRW SJ *MVIW *MVIW WLEPP FI GPEWWMJMIH MR EGGSV
HERGI [MXL XLI KYMHIPMRIW WTIGMJMIH MR XLVSYKL
'PEWW % *MVIW 'PEWW % JMVIW EVI JMVIW MR SVHMREV] GSQFYW
XMFPI QEXIVMEPW WYGL EW [SSH GPSXL TETIV VYFFIV ERH QER]
TPEWXMGW
'PEWW & *MVIW 'PEWW & JMVIW EVI JMVIW MR JPEQQEFPI PMUYMHW
GSQFYWXMFPI PMUYMHW TIXVSPIYQ KVIEWIW XEVW SMPW SMPFEWIH
TEMRXW WSPZIRXW PEGUYIVW EPGSLSPW ERH JPEQQEFPI KEWIW
'PEWW ' *MVIW 'PEWW ' JMVIW EVI JMVIW XLEX MRZSPZI IRIV
KM^IH IPIGXVMGEP IUYMTQIRX
'PEWW ( *MVIW 'PEWW ( JMVIW EVI JMVIW MR GSQFYWXMFPI QIX
EPW WYGL EW QEKRIWMYQ XMXERMYQ ^MVGSRMYQ WSHMYQ PMXLMYQ
ERH TSXEWWMYQ
'PEWW / *MVIW 'PEWW / JMVIW EVI JMVIW MR GSSOMRK ETTPM
ERGIW XLEX MRZSPZI GSQFYWXMFPI GSSOMRK QIHME ZIKIXEFPI SV
)\XMRKYMWLIV 'PEWWMJMGEXMSR 7]WXIQ
8LI GPEWWMJMGEXMSR SJ JMVI I\XMRKYMWLIVW WLEPP GSRWMWX SJ E
PIXXIV XLEX MRHMGEXIW XLI GPEWW SJ JMVI SR [LMGL E JMVI I\XMR
KYMWLIV LEW FIIR JSYRH XS FI IJJIGXMZI
*MVI I\XMRKYMWLIVW GPEWWMJMIH JSV YWI SR 'PEWW % SV 'PEWW
& LE^EVHW WLEPP FI VIUYMVIH XS LEZI E VEXMRK RYQFIV TVIGIHMRKXLI GPEWWMJMGEXMSR PIXXIV XLEX MRHMGEXIW XLI VIPEXMZI I\XMRKYMWLMRK IJJIGXMZIRIWW
*MVI I\XMRKYMWLIVW GPEWWMJMIH JSV YWI SR 'PEWW ' 'PEWW( SV 'PEWW / LE^EVHW WLEPP RSX FI VIUYMVIH XS LEZI E RYQFIVTVIGIHMRK XLI GPEWWMJMGEXMSR PIXXIV
LE^EVHW XS FI TVSXIGXIH MR EGGSVHERGI [MXL XLVSYKL
*MVI I\XMRKYMWLIVW JSV XLI TVSXIGXMSR SJ 'PEWW % LE^EVHW WLEPP FI WIPIGXIH JVSQ X]TIW XLEX EVI WTIGMJMGEPP] PMWXIH ERHPEFIPIH JSV YWI SR 'PEWW % JMVIW *SV LEPSR EKIRXzX]TI I\XMRKYMWL
*MVI I\XMRKYMWLIVW JSV XLI TVSXIGXMSR SJ 'PEWW & LE^EVHW WLEPP FI WIPIGXIH JVSQ X]TIW XLEX EVI WTIGMJMGEPP] PMWXIH ERHPEFIPIH JSV YWI SR 'PEWW & JMVIW *SV LEPSR EKIRXzX]TI I\XMRKYMWL
*MVI I\XMRKYMWLIVW JSV XLI TVSXIGXMSR SJ 'PEWW ' LE^EVHW WLEPP FI WIPIGXIH JVSQ X]TIW XLEX EVI WTIGMJMGEPP] PMWXIH ERHPEFIPIH JSV YWI SR 'PEWW ' LE^EVHW *SV LEPSR EKIRXzX]TI JMVI
*MVI I\XMRKYMWLIVW ERH I\XMRKYMWLMRK EKIRXW JSV XLITVSXIGXMSR SJ 'PEWW ( LE^EVHW WLEPP FI SJ XLI X]TIW WTIGMJMGEPP]PMWXIH ERH PEFIPIH JSV YWI SR XLI WTIGMJMG GSQFYWXMFPI QIXEPLE^EVH
*MVI I\XMRKYMWLIVW JSV XLI TVSXIGXMSR SJ 'PEWW / LE^EVHW WLEPP FI WIPIGXIH JVSQ X]TIW XLEX EVI WTIGMJMGEPP] PMWXIH ERHPEFIPIH JSV YWI SR 'PEWW / JMVIW
9WI SJ LEPSR EKIRX JMVI I\XMRKYMWLIVW WLEPP FI PMQMXIH
XS ETTPMGEXMSRW [LIVI E GPIER EKIRX MW RIGIWWEV] XS I\XMRKYMWLJMVI IJJMGMIRXP] [MXLSYX HEQEKMRK XLI IUYMTQIRX SV EVIE FIMRKTVSXIGXIH SV [LIVI XLI YWI SJ EPXIVREXMZI EKIRXW LEW XLI TSXIRXMEP XS GEYWI E LE^EVH XS TIVWSRRIP MR XLI EVIE
4PEGIQIRX SJ TSVXEFPI JMVI I\XMRKYMWLIVW GSRXEMRMRKLEPSKIREXIH EKIRXW WLEPP GSRJSVQ XS QMRMQYQ GSRJMRIHWTEGI ZSPYQI VIUYMVIQIRX [EVRMRKW GSRXEMRIH SR XLI JMVI I\XMRKYMWLIV REQITPEXIW
;LIIPIH JMVI I\XMRKYMWLIVW WLEPP FI GSRWMHIVIH JSVLE^EVH TVSXIGXMSR MR EVIEW MR [LMGL E JMVI VMWO EWWIWWQIRX LEWWLS[R XLI JSPPS[MRK
MRK ER I\XMRKYMWLIV XLEX LEW XLI JSPPS[MRK JIEXYVIW
z7)0)'8-32 3* 4368%&0) *-6) )<8-2+9-7,)67
2*'77%PP%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 13UYERXMX] SJ 'PEWW & JPEQQEFPIW X]TMGEPP] I\TIGXIH XS FI TVIWIRX
3VHMREV] ,E^EVH 3VHMREV] LE^EVH SGGYTERGMIW WLEPP
FI GPEWWMJMIH EW PSGEXMSRW [LIVI XLI UYERXMX] ERH GSQFYWXMFMPMX]
SJ 'PEWW % GSQFYWXMFPI QEXIVMEPW ERH 'PEWW & JPEQQEFPIW EVI
QSHIVEXI ERH JMVIW [MXL QSHIVEXI VEXIW SJ LIEX VIPIEWI EVI
I\TIGXIH 8LIWI SGGYTERGMIW GSRWMWX SJ JMVI LE^EVHW XLEX SRP]
SGGEWMSREPP] GSRXEMR 'PEWW % GSQFYWXMFPI QEXIVMEPW FI]SRH
RSVQEP ERXMGMTEXIH JYVRMWLMRKW ERHSV XLI XSXEP UYERXMX] SJ
'PEWW & JPEQQEFPIW X]TMGEPP] I\TIGXIH XS FI TVIWIRX MW JVSQ
)\XVE ,E^EVH )\XVE LE^EVH SGGYTERGMIW WLEPP FI GPEW
WMJMIH EW PSGEXMSRW [LIVI XLI UYERXMX] ERH GSQFYWXMFMPMX] SJ
'PEWW % GSQFYWXMFPI QEXIVMEP EVI LMKL SV [LIVI LMKL EQSYRXW
SJ 'PEWW & JPEQQEFPIW EVI TVIWIRX ERH VETMHP] HIZIPSTMRK JMVIW
[MXL LMKL VEXIW SJ LIEX VIPIEWI EVI I\TIGXIH 8LIWI SGGYTERGMIW
GSRWMWX SJ JMVI LE^EVHW MRZSPZIH [MXL XLI WXSVEKI TEGOEKMRK LER
HPMRK SV QERYJEGXYVI SJ 'PEWW % GSQFYWXMFPIW ERHSV XLI XSXEP
UYERXMX] SJ 'PEWW & JPEQQEFPIW I\TIGXIH XS FI TVIWIRX MW QSVI
0MQMXIH EVIEW SJ KVIEXIV SV PIWWIV LE^EVH WLEPP FI TVS
XIGXIH EW VIUYMVIH
7IPIGXMSR F] 3GGYTERG] *MVI I\XMRKYMWLIVW WLEPP FI TVS
ZMHIH JSV XLI TVSXIGXMSR SJ FSXL XLI FYMPHMRK WXVYGXYVI ERH XLI
SGGYTERG] LE^EVHW GSRXEMRIH XLIVIMR VIKEVHPIWW SJ XLI TVIW
IRGI SJ ER] JM\IH JMVI WYTTVIWWMSR W]WXIQW
6IUYMVIH FYMPHMRK TVSXIGXMSR WLEPP FI TVSZMHIH F]
JMVI I\XMRKYMWLIVW JSV 'PEWW % JMVIW
3GGYTERG] LE^EVH TVSXIGXMSR WLEPP FI TVSZMHIH F]
JMVI I\XMRKYMWLIVW JSV WYGL 'PEWW % & ' ( SV / JMVI TSXIRXMEPW
EW QMKLX FI TVIWIRX
*MVI I\XMRKYMWLIVW TVSZMHIH JSV FYMPHMRK TVSXIGXMSR
WLEPP FI TIVQMXXIH XS EPWS FI GSRWMHIVIH JSV XLI TVSXIGXMSR SJ
SGGYTERGMIW LEZMRK E 'PEWW % JMVI TSXIRXMEP
&YMPHMRKW LEZMRK ER SGGYTERG] LE^EVH WYFNIGX XS
'PEWW & SV 'PEWW ' JMVIW SV FSXL WLEPP LEZI E WXERHEVH GSQTPI
QIRX SJ 'PEWW % JMVI I\XMRKYMWLIVW JSV FYMPHMRK TVSXIGXMSR TPYW
EHHMXMSREP 'PEWW & SV 'PEWW ' JMVI I\XMRKYMWLIVW SV FSXL
;LIVI JMVI I\XMRKYMWLIVW LEZI QSVI XLER SRI PIXXIV
WEXMWJ] XLI VIUYMVIQIRXW SJ IEGL PIXXIV GPEWW
7IPIGXMSR JSV 7TIGMJMG ,E^EVHW
'PEWW & *MVIW
)\XMRKYMWLIVW JSV 4VIWWYVM^IH *PEQQEFPI 0MUYMHW ERH
4VIWWYVM^IH +EW *MVIW
7IPIGXMSR SJ JMVI I\XMRKYMWLIVW JSV XLMW X]TI SJ LE^
EVH WLEPP FI QEHI SR XLI FEWMW SJ VIGSQQIRHEXMSRW F] QERY
JEGXYVIVW SJ XLMW WTIGMEPM^IH IUYMTQIRX
0EVKIGETEGMX] HV] GLIQMGEP I\XMRKYMWLIVW SJ PF
8LVII(MQIRWMSREP *MVIW 0EVKIGETEGMX] HV] GLIQMGEP
TVSXIGX XLIWI LE^EVHW
YWIH JSV XLI TVSXIGXMSR SJ [EXIVWSPYFPI JPEQQEFPI PMUYMHW
WYGL EW EPGSLSPW EGIXSRI IWXIVW OIXSRIW ERH WS JSVXL YRPIWWWTIGMJMGEPP] VIJIVIRGIH SR XLI JMVI I\XMRKYMWLIV REQITPEXI
3FWXEGPI *MVIW 7IPIGXMSR SJ E JMVI I\XMRKYMWLIV JSV XLMWX]TI SJ LE^EVH WLEPP FI FEWIH SR SRI SJ XLI JSPPS[MRK
'PEWW & EKIRXW MRXIRHIH JSV WMQYPXERISYW ETTPMGEXMSR
'PEWW / 'SSOMRK 1IHME *MVIW *MVI I\XMRKYMWLIVW TVS
ZMHIH JSV XLI TVSXIGXMSR SJ GSSOMRK ETTPMERGIW XLEX YWI GSQ
WLEPP FI PMWXIH ERH PEFIPIH JSV 'PEWW / JMVIW
'PEWW / JMVI I\XMRKYMWLIVW QERYJEGXYVIH EJXIV ERYEV]
WLEPP RSX FI IUYMTTIH [MXL I\XIRHIH [ERHzX]TI HMW
GLEVKI HIZMGIW
*MVI I\XMRKYMWLIVW MRWXEPPIH WTIGMJMGEPP] JSV XLI TVSXIG
XMSR SJ GSSOMRK ETTPMERGIW XLEX YWI GSQFYWXMFPI GSSOMRK QI
WLEPP FI VIQSZIH JVSQ WIVZMGI
;LIVI E LE^EVH MW TVSXIGXIH F] ER EYXSQEXMG JMVI TVS
XIGXMSR W]WXIQ E TPEGEVH WLEPP FI GSRWTMGYSYWP] TPEGIH RIEVXLI I\XMRKYMWLIV XLEX WXEXIW XLEX XLI JMVI TVSXIGXMSR W]WXIQWLEPP FI EGXYEXIH TVMSV XS YWMRK XLI JMVI I\XMRKYMWLIV
)PIGXVSRMG )UYMTQIRX *MVIW *MVI I\XMRKYMWLIVW JSV XLITVSXIGXMSR SJ HIPMGEXI IPIGXVSRMG IUYMTQIRX WLEPP FI WIPIGXIHJVSQ X]TIW WTIGMJMGEPP] PMWXIH ERH PEFIPIH JSV 'PEWW ' LE^EVHW
(V] GLIQMGEP JMVI I\XMRKYMWLIVW WLEPP RSX FI MRWXEPPIHJSV XLI TVSXIGXMSR SJ HIPMGEXI IPIGXVSRMG IUYMTQIRX
%VIEW 'SRXEMRMRK 3\MHM^IVW
3RP] [EXIVX]TI I\XMRKYMWLIVW WLEPP FI MRWXEPPIH MR EV
IEW GSRXEMRMRK S\MHM^IVW WYGL EW TSSP GLIQMGEPW
1YPXMTYVTSWI HV] GLIQMGEP JMVI I\XMRKYMWLIVW WLEPPRSX FI MRWXEPPIH MR EVIEW GSRXEMRMRK S\MHM^IVW WYGL EW TSSPGLIQMGEPW
'PEWW ( 'SQFYWXMFPI 1IXEP *MVIW *MVI I\XMRKYMWLIVW SVGSRXEMRIVW SJ 'PEWW ( I\XMRKYMWLMRK EKIRXW TVSZMHIH JSV XLITVSXIGXMSR SJ 'PEWW ( JMVIW WLEPP FI PMWXIH ERH PEFIPIH JSV 'PEWW( JMVIW
'PEWW ( JMVI I\XMRKYMWLIVW ERH EKIRXW WLEPP FI GSQTEX
MFPI [MXL XLI WTIGMJMG QIXEP JSV [LMGL TVSXIGXMSR MW TVSZMHIH
7IPIGXMSR JSV 7TIGMJMG 0SGEXMSRW
;LIVI TSVXEFPI JMVI I\XMRKYMWLIVW EVI VIUYMVIH XS FIMRWXEPPIH XLI JSPPS[MRK HSGYQIRXW WLEPP FI VIZMI[IH JSV XLISGGYTERGMIW SYXPMRIH MR XLIMV VIWTIGXMZI WGSTIW
TEMV +EVEKIW'SQFYWXMFPI 1EXIVMEPW
2*'77%PP%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 142MXVEXI *MPQ
'LIQMGEPW
*YIP +EW 7]WXIQW JSV ;IPHMRK 'YXXMRK ERH %PPMIH 4VSGIWWIW
XMRK ERH 3XLIV ,SX ;SVO
RSPSK] )UYMTQIRX
XMSRW *EGMPMXMIW
SJ 'SQQIVGMEP 'SSOMRK 3TIVEXMSRW
7IEXMRK 8IRXW ERH 1IQFVERI 7XVYGXYVIW
1MRIW
2SRQIXEP 1MRMRK ERH 1IXEP 1MRIVEP 4VSGIWWMRK *EGMPMXMIW
KIV 6EMP 7]WXIQW
HYGXMSR 7XYHMS 7SYRHWXEKIW %TTVSZIH 4VSHYGXMSR *EGMPMXMIW
ERH 4VSHYGXMSR 0SGEXMSRW
MRK *EGMPMXMIW
%YHMIRGI
EXMSR ERH (IQSPMXMSR 3TIVEXMSRW
GMEP 1SXSV 'VEJX
SJ 1EVMRI 8IVQMREPW 4MIVW ERH ;LEVZIW
XEMRIVW JSV )RXV] 'PIERMRK SV 6ITEMV
'SQFYWXMFPI 0MUYMHW
ZMGIW EX %MVTSVXW
KYMWLIVW
GVEJX )RKMRI 8IWX *EGMPMXMIW
:ILMGPIW 8VERWTSVXMRK )\TPSWMZIWXYVIH ,SQI -RWXEPPEXMSRW 7MXIW ERH 'SQQYRMXMIW0MQMXIH %GGIWW ,MKL[E]W
-RGPYHMRK 8]TI (IWMKREXMSRW %VIEW SJ 9WI 'SRZIVWMSRW 1EMRXIRERGI ERH 3TIVEXMSRW
7IGYVMX] 7]WXIQW6EHMSEGXMZI 1EXIVMEPW
;EXIV 6IEGXSV )PIGXVMG +IRIVEXMRK 4PERXW0MKLX ;EXIV 6IEGXSV )PIGXVMG +IRIVEXMRK 4PERXWQIRX ERH 'SPPIGXMSR *EGMPMXMIW
XMIW { 1YWIYQW 0MFVEVMIW ERH 4PEGIW SJ ;SVWLMT
EKI ERH 6IXEMP 7EPIW SJ *MVI[SVOW ERH 4]VSXIGLRMG %VXMGPIW,MKL 4S[IV 6SGOIX 1SXSVW
4VS\MQEXI %YHMIRGI0ERH (IZIPSTQIRX MR ;MPHPERH 6YVEP ERH 7YFYVFER %VIEW
'EQTKVSYRHW9WI SJ )QIVKIRG] 7IVZMGIW 'SQQYRMGEXMSRW 7]WXIQW
-R RS GEWI WLEPP XLI VIUYMVIQIRXW SJ XLI HSGYQIRXW MR
FI PIWW XLER XLSWI WTIGMJMIH MR XLMW WXERHEVH
'LETXIV -RWXEPPEXMSR SJ 4SVXEFPI *MVI )\XMRKYMWLIVW
+IRIVEP
2YQFIV SJ )\XMRKYMWLIVW 8LI QMRMQYQ RYQFIV SJJMVI I\XMRKYMWLIVW RIIHIH XS TVSXIGX E TVSTIVX] WLEPP FI HIXIVQMRIH EW SYXPMRIH MR XLMW GLETXIV
8LI MRWXEPPEXMSR SJ I\XMRKYMWLIVW WLEPP FI MRHITIRHIRX
SJ [LIXLIV XLI FYMPHMRK MW IUYMTTIH [MXL EYXSQEXMG WTVMROPIVWWXERHTMTI ERH LSWI SV SXLIV JM\IH TVSXIGXMSR IUYMTQIRX
%HHMXMSREP I\XMRKYMWLIVW WLEPP FI TIVQMXXIH XS FI MRWXEPPIH XS TVSZMHI QSVI TVSXIGXMSR EW RIGIWWEV]
*MVI I\XMRKYMWLIVW LEZMRK VEXMRKW PIWW XLER XLSWI WTIGMJMIH MR 8EFPI ERH 8EFPI WLEPP FI TIVQMXXIH XS FIMRWXEPPIH TVSZMHIH XLI] EVI RSX YWIH MR JYPJMPPMRK XLI QMRMQYQ TVSXIGXMZI VIUYMVIQIRXW SJ XLMW GLETXIV I\GITX EW QSHMJMIH MR ERH
z-278%00%8-32 3* 4368%&0) *-6) )<8-2+9-7,)67
2*'77%PP%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 15)\XMRKYMWLIV 6IEHMRIWW 4SVXEFPI JMVI I\XMRKYMWLIVW WLEPP
FI QEMRXEMRIH MR E JYPP] GLEVKIH ERH STIVEFPI GSRHMXMSR ERH
WLEPP FI OITX MR XLIMV HIWMKREXIH TPEGIW EX EPP XMQIW [LIR XLI] EVI
RSX FIMRK YWIH
4PEGIQIRX
*MVI I\XMRKYMWLIVW WLEPP FI GSRWTMGYSYWP] PSGEXIH
[LIVI XLI] EVI VIEHMP] EGGIWWMFPI ERH MQQIHMEXIP] EZEMPEFPI MR
XLI IZIRX SJ JMVI
*MVI I\XMRKYMWLIVW WLEPP FI PSGEXIH EPSRK RSVQEP
TEXLW SJ XVEZIP MRGPYHMRK I\MXW JVSQ EVIEW
:MWYEP 3FWXVYGXMSRW
*MVI I\XMRKYMWLIVW WLEPP RSX FI SFWXVYGXIH SV SF
WGYVIH JVSQ ZMI[
-R PEVKI VSSQW ERH MR GIVXEMR PSGEXMSRW [LIVI ZMWYEP
SFWXVYGXMSRW GERRSX FI GSQTPIXIP] EZSMHIH QIERW WLEPP FI
TVSZMHIH XS MRHMGEXI XLI I\XMRKYMWLIV PSGEXMSR
;LIVI WMKRW EVI YWIH XS MRHMGEXI JMVI I\XMRKYMWLIV
PSGEXMSR XLI WMKRW WLEPP GSQTP] [MXL XLI JSPPS[MRK
KYMWLIV
4SVXEFPI JMVI I\XMRKYMWLIVW SXLIV XLER [LIIPIH I\XMR
KYMWLIVW WLEPP FI MRWXEPPIH YWMRK ER] SJ XLI JSPPS[MRK QIERW
;LIIPIH JMVI I\XMRKYMWLIVW WLEPP FI PSGEXIH MR HIWMK
REXIH PSGEXMSRW
*MVI I\XMRKYMWLIVW MRWXEPPIH MR ZILMGPIW SV YRHIV SXLIV
GSRHMXMSRW [LIVI XLI] EVI WYFNIGX XS HMWPSHKIQIRX WLEPP FI
MRWXEPPIH MR ETTVSZIH WXVETX]TI FVEGOIXW WTIGMJMGEPP] HIWMKRIH
JSV XLMW ETTPMGEXMSR
*MVI I\XMRKYMWLIVW MRWXEPPIH YRHIV GSRHMXMSRW [LIVI
XLI] EVI WYFNIGX XS TL]WMGEP HEQEKI IK JVSQ MQTEGX ZMFVE
-RWXEPPEXMSR ,IMKLX
*MVI I\XMRKYMWLIVW LEZMRK E KVSWW [IMKLX RSX I\GIIH
*MVI I\XMRKYMWLIVW LEZMRK E KVSWW [IMKLX KVIEXIV
WS XLEX XLI XST SJ XLI JMVI I\XMRKYMWLIV MW RSX QSVI XLER JX
-R RS GEWI WLEPP XLI GPIEVERGI FIX[IIR XLI FSXXSQ
SJ XLI LERH TSVXEFPI JMVI I\XMRKYMWLIV ERH XLI JPSSV FI PIWW
0EFIP :MWMFMPMX]
8LI I\XMRKYMWLIV STIVEXMRK MRWXVYGXMSRW WLEPP FI PS
GEXIH SR XLI JVSRX SJ XLI I\XMRKYMWLIV ERH WLEPP FI GPIEVP]
ZMWMFPI
PEFIPW ]IEV QEMRXIRERGI PEFIPW L]HVSWXEXMG XIWX PEFIPW SV
SXLIV PEFIPW WLEPP RSX FI PSGEXIH SV TPEGIH SR XLI JVSRX SJ XLI
I\XMRKYMWLIV
8LI VIWXVMGXMSRW SJ WLEPP RSX ETTP] XS XLISVMKMREP QERYJEGXYVIVvW PEFIPW PEFIPW XLEX WTIGMJMGEPP] VIPEXI XSXLI I\XMRKYMWLIVvW STIVEXMSR SV JMVI GPEWWMJMGEXMSR SV MRZIRXSV]
GSRXVSP PEFIPW WTIGMJMG XS XLEX I\XMRKYMWLIV
'EFMRIXW
'EFMRIXW LSYWMRK JMVI I\XMRKYMWLIVW WLEPP RSX FIPSGOIH I\GITX [LIVI JMVI I\XMRKYMWLIVW EVI WYFNIGX XS QEPM
GMSYW YWI ERH GEFMRIXW MRGPYHI E QIERW SJ IQIVKIRG] EGGIWW
8LI PSGEXMSR SJ JMVI I\XMRKYMWLIVW EW HIWGVMFIH MR
WLEPP FI QEVOIH GSRWTMGYSYWP]
*MVI I\XMRKYMWLIVW QSYRXIH MR GEFMRIXW SV [EPP VI
GIWWIW WLEPP FI TPEGIH WS XLEX XLI JMVI I\XMRKYMWLIVvW STIVEXMRKMRWXVYGXMSRW JEGI SYX[EVH
;LIVI JMVI I\XMRKYMWLIVW EVI MRWXEPPIH MR GPSWIHGEFMRIXW XLEX EVI I\TSWIH XS IPIZEXIH XIQTIVEXYVIW XLI GEFM
RIXW WLEPP FI TVSZMHIH [MXL WGVIIRIH STIRMRKW ERH HVEMRW
'EFMRIXW SV [EPP VIGIWWIW JSV JMVI I\XMRKYMWLIVW WLEPP
FI MRWXEPPIH WYGL XLEX XLI I\XMRKYMWLIV QSYRXMRK LIMKLXW WTIGM
JMIH MR ERH EVI QIX
*MVI I\XMRKYMWLIVW WLEPP RSX FI I\TSWIH XS XIQTIVE
XYVIW SYXWMHI XLI PMWXIH XIQTIVEXYVI VERKI WLS[R SR XLI JMVII\XMRKYMWLIV PEFIP
%RXMJVII^I
*MVI I\XMRKYMWLIVW GSRXEMRMRK SRP] TPEMR [EXIV WLEPPEHHMXMSR SJ ER ERXMJVII^I XLEX MW WXMTYPEXIH SR XLI JMVI I\XMR
KYMWLIV REQITPEXI
'EPGMYQ GLPSVMHI WSPYXMSRW WLEPP RSX FI YWIH MR WXEMR
PIWW WXIIP JMVI I\XMRKYMWLIVW
)PIGXVSRMG 1SRMXSVMRK ERH %PEVQ 7]WXIQ
8LI GSRRIGXMSR XS XLI IPIGXVSRMG QSRMXSVMRK HIZMGIWLEPP FI GSRXMRYSYWP] WYTIVZMWIH JSV MRXIKVMX]
8LI TS[IV WSYVGI JSV XLI IPIGXVSRMG QSRMXSVMRK HI
ZMGI WLEPP FI WYTIVZMWIH JSV GSRXMRYMX] SJ TS[IV
-RWXEPPEXMSRW JSV 'PEWW % ,E^EVHW
*MVI )\XMRKYMWLIV 7M^I ERH 4PEGIQIRX JSV 'PEWW % ,E^EVHW
1MRMQEP WM^IW SJ JMVI I\XMRKYMWLIVW JSV XLI PMWXIH KVEHIW
SJ LE^EVHW WLEPP FI TVSZMHIH SR XLI FEWMW SJ 8EFPI I\GITX
QMRIH F] HMZMHMRK XLI XSXEP JPSSV EVIE F] XLI QE\MQYQ EVIE XS
FI TVSXIGXIH TIV I\XMRKYMWLIV EW HIXIVQMRIH F] 8EFPI
*MVI I\XMRKYMWLIVW WLEPP FI PSGEXIH WS XLEX XLI QE\M
QSHMJMIH F]
;LIVI XLI UYERXMX] SJ I\XMRKYMWLIVW VIUYMVIH XS WEX
MWJ] I\GIIHW XLI RYQFIV GEPGYPEXIH MR EHHM
XMSREP I\XMRKYMWLIVW WLEPP FI MRWXEPPIH
2*'77%PP%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 167QEPPIV JMVI I\XMRKYMWLIVW XLEX EVI VEXIH SR 'PEWW &
ERH 'PEWW ' JMVIW FYX HS RSX LEZI E QMRMQYQ % VEXMRK WLEPP
RSX FI YWIH XS QIIX XLI VIUYMVIQIRXW SJ
*MVI I\XMRKYMWLIVW SJ PIWWIV VEXMRK WLEPP FI TIVQMXXIH
XS FI MRWXEPPIH FYX WLEPP RSX FI GSRWMHIVIH EW JYPJMPPMRK ER] TEVX
SJ XLI VIUYMVIQIRXW SJ 8EFPI I\GITX EW TIVQMXXIH MR
ERH
9T XS X[S [EXIVX]TI I\XMRKYMWLIVW IEGL [MXL %
VEXMRK WLEPP FI TIVQMXXIH XS FI YWIH XS JYPJMPP XLI VIUYMVIQIRXW
SJ SRI % VEXIH I\XMRKYMWLIV
8[S
FI TIVQMXXIH XS FI YWIH XS JYPJMPP XLI VIUYMVIQIRXW SJ SRI %
VEXIH I\XMRKYMWLIV
9T XS SRILEPJ SJ XLI GSQTPIQIRX SJ JMVI I\XMRKYMWL
IVW WTIGMJMIH MR 8EFPI WLEPP FI TIVQMXXIH XS FI VITPEGIH
F] YRMJSVQP] WTEGIH
XLI SGGYTERXW SJ XLI FYMPHMRK
;LIVI LSWI WXEXMSRW EVI WS TVSZMHIH XLI] WLEPP GSR
JSVQ XS 2*4%
8LI PSGEXMSR SJ LSWI WXEXMSRW ERH XLI TPEGIQIRX SJ
JMVI I\XMRKYMWLIVW WLEPP FI WYGL XLEX XLI LSWI WXEXMSRW HS RSX
VITPEGI QSVI XLER IZIV] SXLIV JMVI I\XMRKYMWLIV
;LIVI XLI EVIE SJ XLI JPSSV SJ E FYMPHMRK MW PIWW XLER
XLEX WTIGMJMIH MR 8EFPI EX PIEWX SRI JMVI I\XMRKYMWLIV SJ
XLI QMRMQYQ WM^I VIUYMVIH WLEPP FI TVSZMHIH
8LI TVSXIGXMSR VIUYMVIQIRXW WLEPP FI TIVQMXXIH XS FI
JYPJMPPIH [MXL JMVI I\XMRKYMWLIVW SJ LMKLIV VEXMRK TVSZMHIH XLI
XVEZIP HMWXERGI XS WYGL PEVKIV JMVI I\XMRKYMWLIVW HSIW RSX I\
-RWXEPPEXMSRW JSV 'PEWW & ,E^EVHW
7TMPP *MVIW
1MRMQYQ VEXMRKW SJ JMVI I\XMRKYMWLIVW JSV XLI PMWXIH
KVEHIW SJ LE^EVH WLEPP FI TVSZMHIH MR EGGSVHERGI [MXL 8EFPI
8[S SV QSVI JMVI I\XMRKYMWLIVW SJ PS[IV VEXMRK
WLEPP RSX FI YWIH XS JYPJMPP XLI TVSXIGXMSR VIUYMVIQIRXW SJ
8EFPI I\GITX EW TIVQMXXIH F] ERH
9T XS XLVII %*** SV ***4 JMVI I\XMRKYMWLIVW SJ EXPIEWX
JYPJMPP I\XVE LE^EVH VIUYMVIQIRXW
8[S %*** SV ***4 JMVI I\XMRKYMWLIVW SJ EX PIEWX KEPLE^EVH VIUYMVIQIRXW
*MVI I\XMRKYMWLIVW SJ PIWWIV VEXMRK HIWMKRIH JSV WQEPPWTIGMJMG LE^EVHW [MXLMR XLI KIRIVEP LE^EVH EVIE WLEPP FI TIVQMXXIH XS FI MRWXEPPIH FYX WLEPP RSX FI GSRWMHIVIH EW JYPJMPPMRKER] TEVX SJ XLI VIUYMVIQIRXW SJ 8EFPI YRPIWW TIVQMXXIHF] SV
*MVI I\XMRKYMWLIVW WLEPP FI PSGEXIH WS XLEX XLI QE\MQYQ XVEZIP HMWXERGIW HS RSX I\GIIH XLSWI WTIGMJMIH MR 8EFPI
8LI TVSXIGXMSR VIUYMVIQIRXW WLEPP FI TIVQMXXIH XS FIJYPJMPPIH [MXL JMVI I\XMRKYMWLIVW SJ LMKLIV VEXMRKW TVSZMHIH XLIXVEZIP HMWXERGI XS WYGL PEVKIV JMVI I\XMRKYMWLIVW HSIW RSX I\
*PEQQEFPI 0MUYMHW SJ %TTVIGMEFPI (ITXL
4SVXEFPI JMVI I\XMRKYMWLIVW WLEPP RSX FI MRWXEPPIH EW XLIWSPI TVSXIGXMSR JSV JPEQQEFPI PMUYMH LE^EVHW SJ ETTVIGMEFPI
;LIVI TIVWSRRIP [LS EVI XVEMRIH MR I\XMRKYMWLMRKJMVIW MR XLI TVSXIGXIH LE^EVHW EVI PSGEXIH SR XLI TVIQMWIW ERHGETEFPI SJ VIWTSRHMRK MQQIHMEXIP] XLI QE\MQYQ WYVJEGI
*SV JPEQQEFPI PMUYMH LE^EVHW SJ ETTVIGMEFPI HITXL E'PEWW & JMVI I\XMRKYMWLIV WLEPP FI TVSZMHIH SR XLI FEWMW SJ EXPIEWX RYQIVMGEP YRMXW SJ 'PEWW & I\XMRKYMWLMRK TSXIRXMEP TIVEVH EVIE
%*** SV ***4X]TI JMVI I\XMRKYMWLIVW WLEPP FI TIVQMXXIH XS FI TVSZMHIH SR XLI FEWMW SJ & SJ TVSXIGXMSR TIV JX
8[S SV QSVI JMVI I\XMRKYMWLIVW SJ PS[IV VEXMRKW SXLIVXLER %*** SV ***4X]TI JMVI I\XMRKYMWLIVW WLEPP RSX FI YWIH MRPMIY SJ XLI JMVI I\XMRKYMWLIV VIUYMVIH JSV XLI PEVKIWX LE^EVH EVIE
8EFPI *MVI )\XMRKYMWLIV 7M^I ERH 4PEGIQIRX JSV 'PEWW
% ,E^EVHW
'VMXIVME
0MKLX,E^EVH3GGYTERG]
3VHMREV]
,E^EVH3GGYTERG]
)\XVE,E^EVH3GGYTERG]
JSV I\XMRKYMWLIV
JX JX JX1E\MQYQ XVEZIP
HMWXERGI XS
I\XMRKYMWLIV
*SV 7- YRMXW JX ! Q JX ! Q
2SXI *SV QE\MQYQ JPSSV EVIE I\TPEREXMSRW WII )
8EFPI *MVI )\XMRKYMWLIV 7M^I ERH 4PEGIQIRX JSV 'PEWW
& ,E^EVHW
8]TI SJ,E^EVH
&EWMG1MRMQYQ)\XMRKYMWLIV6EXMRK
1E\MQYQ 8VEZIP (MWXERGI XS)\XMRKYMWLIVW
z-278%00%8-32 3* 4368%&0) *-6) )<8-2+9-7,)67
c
c
c
2*'77%PP%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 179T XS XLVII %*** SV ***4X]TI JMVI I\XMRKYMWLIVW
WLEPP FI TIVQMXXIH XS JYPJMPP XLI VIUYMVIQIRXW TVSZMHIH XLI
WYQ SJ XLI 'PEWW & VEXMRKW QIIXW SV I\GIIHW XLI ZEPYI VIUYMVIH
JSV XLI PEVKIWX LE^EVH EVIE
8VEZIP HMWXERGIW JSV TSVXEFPI JMVI I\XMRKYMWLIVW WLEPP
7GEXXIVIH SV [MHIP] WITEVEXIH LE^EVHW WLEPP FI MRHM
ZMHYEPP] TVSXIGXIH
% JMVI I\XMRKYMWLIV MR XLI TVS\MQMX] SJ E LE^EVH WLEPP
FI PSGEXIH XS FI EGGIWWMFPI MR XLI TVIWIRGI SJ E JMVI [MXLSYX
YRHYI HERKIV XS XLI STIVEXSV
3FWXEGPI +VEZMX]8LVII(MQIRWMSREP ERH 4VIWWYVI
*MVI ,E^EVHW
;LIVI LERH TSVXEFPI JMVI I\XMRKYMWLIVW EVI MRWXEPPIH
SV TSWMXMSRIH JSV SFWXEGPI KVEZMX]XLVIIHMQIRWMSREP SV TVIW
WYVI JMVI LE^EVHW XLI EGXYEP XVEZIP HMWXERGI XS LE^EVH WLEPP RSX
EKIRX GETEGMX] SV PEVKIV EVI MRWXEPPIH SV TSWMXMSRIH JSV SFWXEGPI
KVEZMX]XLVIIHMQIRWMSREP SV TVIWWYVI JMVI LE^EVHW XLI EGXYEP
-RWXEPPEXMSRW JSV 'PEWW ' ,E^EVHW
*MVI I\XMRKYMWLIVW [MXL 'PEWW ' VEXMRKW WLEPP FI VIUYMVIH
[LIVI IRIVKM^IH IPIGXVMGEP IUYMTQIRX GER FI IRGSYRXIVIH
8LI VIUYMVIQIRX MR WLEPP MRGPYHI WMXYEXMSRW [LIVI
JMVI IMXLIV HMVIGXP] MRZSPZIW SV WYVVSYRHW IPIGXVMGEP IUYMTQIRX
&IGEYWI JMVI MW E 'PEWW % SV 'PEWW & LE^EVH XLI JMVI I\XMR
KYMWLIVW WLEPP FI WM^IH ERH PSGEXIH SR XLI FEWMW SJ XLI ERXMGM
TEXIH 'PEWW % SV 'PEWW & LE^EVH
-RWXEPPEXMSRW JSV 'PEWW ( ,E^EVHW
*MVI I\XMRKYMWLIVW SV I\XMRKYMWLMRK EKIRXW [MXL 'PEWW (
VEXMRKW WLEPP FI TVSZMHIH JSV JMVIW MRZSPZMRK GSQFYWXMFPI QIXEPW
4SVXEFPI JMVI I\XMRKYMWLIVW SV I\XMRKYMWLMRK EKIRXW
EVIEW [LIVI GSQFYWXMFPI QIXEP TS[HIVW JPEOIW WLEZMRKW
GLMTW SV WMQMPEVP] WM^IH TVSHYGXW EVI KIRIVEXIH
7M^I HIXIVQMREXMSR WLEPP FI SR XLI FEWMW SJ XLI WTIGMJMG
GSQFYWXMFPI QIXEP MXW TL]WMGEP TEVXMGPI WM^I EVIE XS FI GSZ
IVIH ERH VIGSQQIRHEXMSRW F] XLI JMVI I\XMRKYMWLIV QERYJEG
XYVIV FEWIH SR HEXE JVSQ GSRXVSP XIWXW
-RWXEPPEXMSRW JSV 'PEWW / ,E^EVHW
'PEWW / JMVI I\XMRKYMWLIVW WLEPP FI TVSZMHIH JSV LE^EVHW
[LIVI XLIVI MW E TSXIRXMEP JSV JMVIW MRZSPZMRK GSQFYWXMFPI GSSO
JVSQ XLI LE^EVH XS XLI I\XMRKYMWLIVW
%PP WSPMH JYIP GSSOMRK ETTPMERGIW [LIXLIV SV RSX YRHIV
LEZI EX PIEWX E PMWXIH % VEXIH [EXIVX]TI JMVI I\XMRKYMWLIV SV E
'PEWW / JMVIW
'LETXIV -RWTIGXMSR 1EMRXIRERGI ERH 6IGLEVKMRK
+IRIVEP
6IWTSRWMFMPMX] 8LI S[RIV SV HIWMKREXIH EKIRX SV SGGY
TERX SJ E TVSTIVX] MR [LMGL JMVI I\XMRKYMWLIVW EVI PSGEXIH WLEPP
FI VIWTSRWMFPI JSV MRWTIGXMSR QEMRXIRERGI ERH VIGLEVKMRK
4IVWSRRIP
4IVWSRW TIVJSVQMRK QEMRXIRERGI ERH VIGLEVKMRK SJI\XMRKYMWLIVW WLEPP FI GIVXMJMIH
4IVWSRW XVEMRMRK XS FIGSQI GIVXMJMIH WLEPP FI TIV
QMXXIH XS TIVJSVQ QEMRXIRERGI ERH VIGLEVKMRK SJ I\XMRKYMWL
IVW YRHIV XLI HMVIGX WYTIVZMWMSR ERH MR XLI MQQIHMEXI TVIW
IRGI SJ E GIVXMJMIH TIVWSR
'IVXMJMGEXMSR VIUYMVIW XLEX E TIVWSR TEWW E XIWX EH
QMRMWXIVIH F] ER SVKERM^EXMSR EGGITXEFPI XS XLI %,.
8LI XIWX WLEPP EX E QMRMQYQ FI FEWIH YTSR ORS[P
IHKI SJ XLI GLETXIVW ERH ERRI\IW SJ XLMW WXERHEVH
8LI XIWXMRK TVSGIWW WLEPP TIVQMX TIVWSRW XS YWI XLIWXERHEVH HYVMRK XLI XIWX
4IVWSRW TEWWMRK XLI XIWX VIUYMVIH MR WLEPP
FI MWWYIH E HSGYQIRX SV E GIVXMJMGEXI
8LI HSGYQIRX SV GIVXMJMGEXI WLEPP FI QEHI EZEMPEFPI[LIR VIUYIWXIH F] XLI EYXLSVMX] LEZMRK NYVMWHMGXMSR
4IVWSRW TIVJSVQMRK QEMRXIRERGI ERH VIGLEVKMRK SJ I\
XMRKYMWLIVW WLEPP FI XVEMRIH ERH WLEPP LEZI EZEMPEFPI XLI ETTVSTVM
GLEVKI QEXIVMEPW PYFVMGERXW ERH QERYJEGXYVIVvW VITPEGIQIRXTEVXW SV TEVXW WTIGMJMGEPP] PMWXIH JSV YWI MR XLI JMVI I\XMRKYMWLIV
4IVWSRW TIVJSVQMRK MRWTIGXMSRW WLEPP RSX FI VIUYMVIH
8EKW SV PEFIPW MRXIRHIH JSV VIGSVHMRK MRWTIGXMSRW
QEMRXIRERGI SV VIGLEVKMRK WLEPP FI EJJM\IH WS EW RSX XS SF
WXVYGX XLI JMVI I\XMRKYMWLIV YWI JMVI I\XMRKYMWLIV GPEWWMJMGEXMSR
SV QERYJEGXYVIVvW PEFIPW
0EFIPW MRHMGEXMRK JMVI I\XMRKYMWLIV YWI SV GPEWWMJMGE
XMSR SV FSXL WLEPP FI TIVQMXXIH XS FI TPEGIH SR XLI JVSRX SJXLI JMVI I\XMRKYMWLIV
*MVI I\XMRKYMWLIVW ERH 'PEWW ( I\XMRKYMWLMRK EKIRXWWLEPP FI MRWTIGXIH EX PIEWX SRGI TIV GEPIRHEV QSRXL
c
2*'77%PP%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 18*MVI I\XMRKYMWLIVW ERH 'PEWW ( I\XMRKYMWLMRK EKIRXW
WLEPP FI QERYEPP] MRWTIGXIH HEMP] SV [IIOP] [LIR GSRHMXMSRW
I\MWX XLEX MRHMGEXI XLI RIIH JSV QSVI JVIUYIRX MRWTIGXMSRW
)\XMRKYMWLIVW XLEX EVI IPIGXVSRMGEPP] QSRMXSVIH JSV
PSGEXMSR SRP] WYGL EW XLSWI QSRMXSVIH F] QIERW SJ E W[MXGL XS
MRHMGEXI [LIR XLI I\XMRKYMWLIV MW VIQSZIH JVSQ MXW FVEGOIX SV
GEFMRIX WLEPP FI QERYEPP] MRWTIGXIH MR EGGSVHERGI [MXL
-RWTIGXMSR 4VSGIHYVIW 4IVMSHMG MRWTIGXMSR SV IPIGXVSRMG
QSRMXSVMRK SJ JMVI I\XMRKYMWLIVW WLEPP MRGPYHI E GLIGO SJ EX PIEWX
XLI JSPPS[MRK MXIQW
SV TSWMXMSR
[LIIPIH I\XMRKYMWLIVW
XSXIWX TVIWWYVI MRHMGEXSVW
-R EHHMXMSR XS JMVI I\XMRKYMWLIVW WLEPP FI ZMWYEPP]
MRWTIGXIH MR EGGSVHERGI [MXL MJ XLI] EVI PSGEXIH [LIVI
ER] SJ XLI JSPPS[MRK GSRHMXMSRW I\MWXW
GLERMGEP MRNYV] SV TL]WMGEP HEQEKI
EXQSWTLIVIW
;LIVI VIUYMVIH F] XLI JSPPS[MRK MRWTIGXMSR
TVSGIHYVIW WLEPP FI MR EHHMXMSR XS XLSWI EHHVIWWIH MR
MFPI ERH JEGI SYX[EVH
GEXSVW
SV GPSKKIH RS^^PI
-RWTIGXMSR 4VSGIHYVI JSV 'SRXEMRIVW SJ 'PEWW ( )\XMR
KYMWLMRK %KIRX 4IVMSHMG MRWTIGXMSR SJ GSRXEMRIVW SJ 'PEWW (
I\XMRKYMWLMRK EKIRX YWIH XS TVSXIGX 'PEWW ( LE^EVHW WLEPP MR
GPYHI ZIVMJMGEXMSR SJ EX PIEWX XLI JSPPS[MRK
'SVVIGXMZI %GXMSR ;LIR ER MRWTIGXMSR SJ ER] JMVI I\XMR
KYMWLIV VIZIEPW E HIJMGMIRG] MR ER] SJ XLI GSRHMXMSRW MR SV
MQQIHMEXI GSVVIGXMZI EGXMSR WLEPP FI XEOIR
6IGLEVKIEFPI *MVI )\XMRKYMWLIVW ;LIR ER MRWTIGXMSR
SJ ER] VIGLEVKIEFPI JMVI I\XMRKYMWLIV VIZIEPW E HIJMGMIRG] MR
NIGXIH XS ETTPMGEFPI QEMRXIRERGI TVSGIHYVIW
2SRVIGLEVKIEFPI (V] 'LIQMGEP *MVI )\XMRKYMWLIV ;LIR
ER MRWTIGXMSR SJ ER] RSRVIGLEVKIEFPI HV] GLIQMGEP JMVI I\XMR
KYMWLIV VIZIEPW E HIJMGMIRG] MR ER] SJ XLI GSRHMXMSRW PMWXIH MR
XLI I\XMRKYMWLIV WLEPP FI VIQSZIH JVSQ JYVXLIV YWI HMW
GLEVKIH ERH HIWXVS]IH EX XLI HMVIGXMSR SJ XLI S[RIV SV VIXYVRIH XS XLI QERYJEGXYVIV
2SRVIGLEVKIEFPI ,EPSR %KIRX *MVI )\XMRKYMWLIV ;LIR
ER MRWTIGXMSR SJ ER] RSRVIGLEVKIEFPI JMVI I\XMRKYMWLIV GSRXEMRMRK E LEPSR EKIRX VIZIEPW E HIJMGMIRG] MR ER] SJ XLI GSRHM
WIVZMGI WLEPP RSX FI HMWGLEVKIH ERH WLEPP FI VIXYVRIH XS XLIQERYJEGXYVIV E JMVI IUYMTQIRX HIEPIV SV E HMWXVMFYXSV XS TIVQMX VIGSZIV] SJ XLI LEPSR
-RWTIGXMSR 6IGSVH /IITMRK
1ERYEP -RWTIGXMSR 6IGSVHW
;LIVI QERYEP MRWTIGXMSRW EVI GSRHYGXIH VIGSVHWJSV QERYEP MRWTIGXMSRW WLEPP FI OITX SR E XEK SV PEFIP EXXEGLIH
XS XLI JMVI I\XMRKYMWLIV SR ER MRWTIGXMSR GLIGOPMWX QEMRXEMRIH
SR JMPI SV F] ER IPIGXVSRMG QIXLSH
;LIVI QERYEP MRWTIGXMSRW EVI GSRHYGXIH XLI QSRXLERH ]IEV XLI QERYEP MRWTIGXMSR [EW TIVJSVQIH ERH XLI MRMXMEPW SJXLI TIVWSR TIVJSVQMRK XLI MRWTIGXMSR WLEPP FI VIGSVHIH
4IVWSRRIP QEOMRK QERYEP MRWTIGXMSRW WLEPP OIITVIGSVHW SJ EPP JMVI I\XMRKYMWLIVW MRWTIGXIH MRGPYHMRK XLSWIJSYRH XS VIUYMVI GSVVIGXMZI EGXMSR
6IGSVHW JSV QERYEP MRWTIGXMSR WLEPP FI OITX XS HIQSRWXVEXI XLEX EX PIEWX XLI PEWX QSRXLP] MRWTIGXMSRW LEZI FIIRTIVJSVQIH
)PIGXVSRMG -RWTIGXMSR 6IGSVHW
;LIVI IPIGXVSRMGEPP] QSRMXSVIH W]WXIQW EVI IQTPS]IHJSV MRWTIGXMSRW VIGSVHW WLEPP FI OITX JSV JMVI I\XMRKYMWLIVW JSYRH
XS VIUYMVI GSVVIGXMZI EGXMSR
6IGSVHW JSV IPIGXVSRMG QSRMXSVMRK WLEPP FI OITX XSHIQSRWXVEXI XLEX EX PIEWX XLI PEWX QSRXLP] MRWTIGXMSRW LEZIFIIR TIVJSVQIH
*SV IPIGXVSRMGEPP] QSRMXSVIH JMVI I\XMRKYMWLIVW [LIVIXLI I\XMRKYMWLIV GEYWIW E WMKREP EX E GSRXVSP YRMX [LIR E HIJMGMIRG] MR ER] SJ XLI GSRHMXMSRW PMWXIH MR SGGYVW VIGSVH OIITMRK WLEPP FI TVSZMHIH MR XLI JSVQ SJ ER IPIGXVSRMG IZIRX PSK EX XLIGSRXVSP TERIP
)\XMRKYMWLIV 1EMRXIRERGI
1EMRXIRERGI 4VSGIHYVIW ;LIVI VIUYMVIH F] ERSXLIVWIGXMSR SJ XLMW WXERHEVH QEMRXIRERGI TVSGIHYVIW WLEPP MRGPYHI XLI TVSGIHYVIW HIXEMPIH MR XLI QERYJEGXYVIVvW WIVZMGIQERYEP ERH E XLSVSYKL I\EQMREXMSR SJ XLI FEWMG IPIQIRXW SJXLI JMVI I\XMRKYMWLIV MRGPYHMRK XLI JSPPS[MRK
%RRYEP )\XIVREP )\EQMREXMSR SJ %PP )\XMRKYMWLIVW
4L]WMGEP 'SRHMXMSR %R ERRYEP I\XIVREP ZMWYEP I\EQMREXMSR SJ EPP JMVI I\XMRKYMWLIVW WLEPP FI QEHI XS HIXIGX SFZMSYWTL]WMGEP HEQEKI GSVVSWMSR SV RS^^PI FPSGOEKI XS ZIVMJ] XLEXXLI STIVEXMRK MRWXVYGXMSRW EVI TVIWIRX PIKMFPI ERH JEGMRK JSV[EVH ERH XLEX XLI ,1-7 MRJSVQEXMSR MW TVIWIRX ERH PIKMFPIERH XS HIXIVQMRI MJ E ]IEV MRXIVZEP I\EQMREXMSR SV L]HVSWXEXMG XIWX MW HYI
z-274)'8-32 1%-28)2%2') %2( 6)',%6+-2+
c
2*'77%PP%GGIWWWYFWGVMTXMSRI\TMVIWSR
Trang 197IEPW SV 8EQTIV -RHMGEXSVW %X XLI XMQI SJ XLI QEMR
XIRERGI XLI XEQTIV WIEP SJ E VIGLEVKIEFPI JMVI I\XMRKYMWLIV
WLEPP FI VIQSZIH F] STIVEXMRK XLI TYPP TMR SV PSGOMRK HIZMGI
%JXIV XLI ETTPMGEFPI QEMRXIRERGI TVSGIHYVIW EVI
GSQTPIXIH E RI[ PMWXIH XEQTIV WIEP WLEPP FI MRWXEPPIH
7IEPW SV XEQTIV MRHMGEXSVW SR RSRVIGLEVKIEFPIX]TI
I\XMRKYMWLIVW WLEPP RSX FI VIQSZIH
&SSXW *SSX 6MRKW ERH %XXEGLQIRXW %PP VIQSZEFPI I\
XMRKYMWLIV FSSXW JSSX VMRKW ERH EXXEGLQIRXW WLEPP FI VIQSZIH XS
EGGSQQSHEXI XLSVSYKL ERRYEP G]PMRHIV I\EQMREXMSRW
;LIR WYFNIGXIH XS XIQTIVEXYVIW EX SV EFSZI XLIMV
PMWXIH VEXMRK WXSVIHTVIWWYVI JMVI I\XMRKYMWLIVW XLEX VIUYMVI E
]IEV L]HVSWXEXMG XIWX WLEPP FI IQTXMIH ERH WYFNIGXIH XS XLI
ETTPMGEFPI QEMRXIRERGI ERH VIGLEVKI TVSGIHYVIW SR ER ER
RYEP FEWMW
'SVVIGXMZI %GXMSR ;LIR ER I\XIVREP I\EQMREXMSR SJ
ER] JMVI I\XMRKYMWLIV VIZIEPW E HIJMGMIRG] MQQIHMEXI GSVVIG
XMZI EGXMSR WLEPP FI XEOIR
%RRYEP -RXIVREP )\EQMREXMSR SJ 'IVXEMR 8]TIW SJ )\XMR
KYMWLIVW
1EMRXIRERGI -RXIVZEPW *MVI I\XMRKYMWLIVW WLEPP FI MR
XIVREPP] I\EQMRIH EX MRXIVZEPW RSX I\GIIHMRK XLSWI WTIGMJMIH MR
MR EGGSVHERGI [MXL XLI I\XMRKYMWLIV QERYJEGXYVIVvW MRWXVYGXMSRW
;LIR XLI MRXIVREP QEMRXIRERGI TVSGIHYVIW EVITIVJSVQIH HYVMRK TIVMSHMG VIGLEVKMRK SV L]HVSWXEXMG XIWXMRK
XLI ]IEV VIUYMVIQIRX WLEPP FIKMR JVSQ XLEX HEXI
'EVXVMHKI SV ']PMRHIV3TIVEXIH )\XMRKYMWLIVW 8LII\XMRKYMWLMRK EKIRX SJ GEVXVMHKI SV G]PMRHIVSTIVEXIH I\XMR
KYMWLIVW WLEPP FI MRXIVREPP] I\EQMRIH ERRYEPP]
;IXXMRK %KIRX )\XMRKYMWLIVW ;IXXMRK EKIRX I\XMRKYMWL
IVW WLEPP FI HMWEWWIQFPIH SR ER ERRYEP FEWMW ERH WYFNIGXIH XSGSQTPIXI QEMRXIRERGI
4YQT 8ERO )\XMRKYMWLIVW 4YQT XERO I\XMRKYMWLIVWWLEPP FI MRXIVREPP] I\EQMRIH ERRYEPP]
%RRYEP MRXIVREP I\EQMREXMSR WLEPP RSX FI VIUYMVIHJSV RSRVIGLEVKIEFPI JMVI I\XMRKYMWLIVW GEVFSR HMS\MHI JMVII\XMRKYMWLIVW SV WXSVIHTVIWWYVI JMVI I\XMRKYMWLIVW I\GITX JSVXLSWI X]TIW WTIGMJMIH MR
%RRYEP 1EMRXIRERGI 6IGSVH /IITMRK
)EGL JMVI I\XMRKYMWLIV WLEPP LEZI E XEK SV PEFIP WIGYVIP]
EXXEGLIH XLEX MRHMGEXIW XLEX QEMRXIRERGI [EW TIVJSVQIH
8LI XEK SV PEFIP EW E QMRMQYQ WLEPP MHIRXMJ] XLIJSPPS[MRK
)EGL I\XMRKYMWLIV XLEX LEW YRHIVKSRI QEMRXIRERGIXLEX MRGPYHIW MRXIVREP I\EQMREXMSR I\GITX I\XMRKYMWLIVW MHIR
XMJMIH MR ERH WLEPP LEZI E ZIVMJMGEXMSRSJWIVZMGIGSPPEV PSGEXIH EVSYRH XLI RIGO SJ XLI GSRXEMRIV
:IVMJMGEXMSRSJ7IVZMGI 'SPPEV ... VIWMHYI YTSRIZETSVEXMSR
Trang 10< /span>''PSWIH 6IGSZIV] 7]WXIQ
(V] ''LIQMGEP ''PSWIH 6IGSZIV]