&200(17&21*(/(5/(6$/,0(176)5$,6
/HFRPSDUWLPHQWFRQJpODWHXUSHUPHWGH
DOLPHQWV
/DTXDQWLWpG
DOLPHQWVIUDLVTX
LOHVWSRVVLEOHGHFRQJHOHUHQ
KHXUHVjXQHWHPSpUDWXUHDPELDQWHGH&HVWLQGLTXpHVXUOD
SODTXHVLJQDOpWLTXH
&RPPHQWSURFpGHU
(QYHORSSHUKHUPpWLTXHPHQWO
DOLPHQWDYHFGHVIHXLOOHVGH
SDSLHUDOXPLQLXPXQHSHOOLFXOHWUDQVSDUHQWHGHVHPEDOODJHV
SODVWLTXHVLPSHUPpDEOHVGHVUpFLSLHQWVHQSRO\pWK\OqQHj
FRXYHUFOHGHVUpFLSLHQWVDGDSWpVjODFRQJpODWLRQGHVDOLPHQWV
3ODFH]OHVDOLPHQWVjFRQJHOHUGDQVOHFRPSDUWLPHQWVXSpULHXU
HQODLVVDQWVXIILVDPPHQWGHSODFHDXWRXUGHVSDTXHWVSRXU
SHUPHWWUHjO
DLUGHFLUFXOHUOLEUHPHQW3RXUDFFpOpUHUOD
FRQJpODWLRQGHVDOLPHQWVHWDXJPHQWHUODFDSDFLWpGX
FRPSDUWLPHQWUHWLUH]OHSDQLHUVXSpULHXUHWOHFDVLHUGHV
SURGXLWVHXWHFWLTXHVV
LOHVWGLVSRQLEOH3ODFH]OHVDOLPHQWVGpMj
FRQJHOpVGDQVOHVDXWUHVFDVLHUVHWOHVDOLPHQWVjFRQJHOHU
GLUHFWHPHQWVXUODJULOOHUpIULJpUDQWH
5HPDUTXH
/HFRPSDUWLPHQWFRQJpODWHXUPDLQWLHQWODWHPSpUDWXUH
DSSURSULpHSRXUODFRQVHUYDWLRQGHVDOLPHQWVPrPHHQFDVGH
FRXSXUHGHFRXUDQWSHQGDQWXQHSpULRGHGHKHXUHVHQYLURQ
'XUDQWODFRXSXUHGHFRXUDQWQ
RXYUH]SDVODSRUWHGX
FRPSDUWLPHQWFRQJpODWHXU'HFHWWHIDoRQODWHPSpUDWXUH
DSSURSULpHGHFRQVHUYDWLRQGHVDOLPHQWVVHUDPDLQWHQXHOHSOXV
ORQJWHPSVSRVVLEOH
3RXUOHVPRGqOHVGRWpVG
DFFXPXODWHXUVGHIURLGFHWHPSVGH
FRQVHUYDWLRQHQFDVGHFRXSXUHGHFRXUDQWSHXWDWWHLQGUH
KHXUHV
7HPSVGHFRQVHUYDWLRQSRXUOHVDOLPHQWVIUDLV
FRQJHOpV
3RXUOHVSpULRGHVGHFRQVHUYDWLRQGHVDOLPHQWVIUDLVFRQJHOpV
UHVSHFWH]OHVLQGLFDWLRQVGXWDEOHDXFLFRQWUH
$XPRPHQWGHO
DFKDWG
DOLPHQWVVXUJHOpVYpULILH]TXH
O
HPEDOODJHRXOHSDTXHWVRQWLQWDFWVFDUO
DOLPHQWSHXWVH
GpWpULRUHU6LXQSDTXHWHVWJRQIOpRXV
LOSUpVHQWHGHVWDFKHV
G
KXPLGLWpLOQ
DSDVpWpFRQVHUYpGDQVOHVFRQGLWLRQVRSWLPDOHV
HWSHXWDYRLUVXELXQGpEXWGHGpFRQJpODWLRQ
$FKHWH]OHVSURGXLWVVXUJHOpVHQGHUQLHUOLHXHWXWLOLVH]GHVVDFV
LVRWKHUPHVSRXUOHXUWUDQVSRUW
'qVO
DUULYpHjODPDLVRQSODFH]LPPpGLDWHPHQWOHVDOLPHQWV
VXUJHOpVGDQVOHFRQJpODWHXU
6LO
DOLPHQWHVWGpFRQJHOpPrPHSDUWLHOOHPHQWQHOHUHFRQJHOH]
SDVFRQVRPPH]OHGDQVXQGpODLGHKHXUHV
eYLWH]RXUpGXLVH]DXPD[LPXPOHVYDULDWLRQVGHWHPSpUDWXUH
5HVSHFWH]ODGDWHGHSpUHPSWLRQLQGLTXpHVXUO
HPEDOODJH
6XLYH]WRXMRXUVOHVLQVWUXFWLRQVILJXUDQWVXUO
HPEDOODJHSRXUOD
FRQVHUYDWLRQGHVDOLPHQWVFRQJHOpV
3URGXFWLRQGHJODoRQV
5HPSOLVVH]OHEDFjJODoRQVDX[G
HDXHWSRVH]OHVXUOHVUDLOV
SUpVHQWVDXGHVVXVGXFDVLHUVXSpULHXUFRPPHLQGLTXpVXUOD
ILJXUH
6LOHEDFHVWFROOpDXIRQGGXFRPSDUWLPHQWQ
XWLOLVH]SDV
G
REMHWVSRLQWXVRXWUDQFKDQWVSRXUOHGpFROOHU
32
FRQJHOHUOHV