! &20021 ,17(5)$&(
/RJHPHQW SRXU PRGXOH G·DFFqV
FRQGLWLRQQHO &$0
8WLOLVDWLRQ G·XQ PRGXOH GH
FRQWU{OH G·DFFqV
8Q PRGXOH GH FRQWU{OH G·DFFqV &$0 HVW
IRXUQL SDU OHV RSpUDWHXUV GH VHUYLFHV GH
WpOpYLVLRQ QXPpULTXH SRXU OH GpFRGDJH GHV
FKDvQHV QXPpULTXHV
5HPDUTXH
6L QpFHVVDLUH UHSRUWH]YRXV j OD
GRFXPHQWDWLRQ IRXUQLH SDU O·RSpUDWHXU SRXU
VDYRLU FRPPHQW LQVpUHU XQH FDUWH j SXFH GDQV
OH PRGXOH GH FRQWU{OH G·DFFqV
,QVHUWLRQ HW DFWLYDWLRQ G·XQ &$0
$WWHQWLRQ
5HVSHFWH] VFUXSXOHXVHPHQW OHV LQVWUXFWLRQV
FLGHVVRXV 8QH PDXYDLVH LQVHUWLRQ GX &$0
ULVTXH G·HQGRPPDJHU OH PRGXOH DLQVL TXH
YRWUH WpOpYLVHXU
eWHLJQH] OH WpOpYLVHXU HW GpEUDQFKH]OH GH
OD SULVH G·DOLPHQWDWLRQ
(Q VXLYDQW OHV LQVWUXFWLRQV JUDYpHV VXU OH
&$0 LQVpUH] GpOLFDWHPHQW OH &$0 GDQV
O·HPSODFHPHQW &20021 ,17(5)$&(
VLWXp VXU OH F{Wp GX WpOpYLVHXU
,QVpUH] OH &$0 DX PD[LPXP
5HEUDQFKH] OH WpOpYLVHXU j OD SULVH
G·DOLPHQWDWLRQ
)5
$OOXPH] OH WpOpYLVHXU HW DWWHQGH]
O·DFWLYDWLRQ GX &$0 &HWWH RSpUDWLRQ
SHXW SUHQGUH TXHOTXHV PLQXWHV 1H
UHWLUH] SDV OH &$0 GX ORJHPHQW ³ /H
UHWUDLW GX &$0 GpVDFWLYH OHV VHUYLFHV
QXPpULTXHV
$FFqV DX[ VHUYLFHV &$0
$SUqV DYRLU LQVpUp HW DFWLYp OH &$0
DFFpGH] DX PHQX GH FRQÀJXUDWLRQ
$SSX\H] VXU
>&RQÀJXUDWLRQ@ ! >6pFXULWp@ ! >&DUWH
&,@ ! >2XL@
/HV DSSOLFDWLRQV IRXUQLHV SDU
O·RSpUDWHXU GH VHUYLFHV GH WpOpYLVLRQ
QXPpULTXH V·DIÀFKHQW j O·pFUDQ
5HPDUTXH
&HWWH RSWLRQ HVW XQLTXHPHQW GLVSRQLEOH VL OH
&$0 HVW FRUUHFWHPHQW LQVpUp HW DFWLYp
8WLOLVDWLRQ GX YHUURX
.HQVLQJWRQ
/H WpOpYLVHXU HVW pTXLSp G·XQ ORJHPHQW SRXU
YHUURX DQWLYRO .HQVLQJWRQ VLWXp j O·DUULqUH GH
O·DSSDUHLO eYLWH] OH YRO HQ DWWDFKDQW XQ YHUURX
.HQVLQJWRQ HQWUH OH ORJHPHQW HW XQ REMHW À[H
WHO TX·XQH WDEOH ORXUGH
SRXU VpOHFWLRQQHU