Gaseinbauherd
Cuisinière à gaz
encastrée
Cucina a gas da incastro
GEBRAUCHSANWEISUNG
MODE D’EMPLOI
ISTRUZIONI PER L’USO
GH L 20-4 Z S
/HVHQ 6LH YRU GHP HUVWHQ *H
EUDXFK GHV *HUlWHV GLHVH *H
EUDXFKVDQZHLVXQJ VRUJIlOWLJ
GXUFK %HDFKWHQ 6LH LQVEH
VRQGHUV GLH 6LFKHUKHLWVKLQ
ZHLVH XP DOOIlOOLJH 3HUVRQHQ
XQG 6DFKVFKlGHQ ]X YHUPHL
GHQ
8P ]X JHZlKUOHLVWHQ GDVV
6LH YRP ,QKDOW GHU *H
EUDXFKVDQZHLVXQJ .HQQWQLV
JHQRPPHQ KDEHQ XQG ]X ,K
UHU HLJHQHQ 6LFKHUKHLW ELWWHQ
ZLU 6LH GLH *DUDQWLHNDUWH DXV
JHIOOW DQ GLH 6HUYLFHVWHOOH LQ
0lJHQZLO ]X VHQGHQ
315 4188 04 / 12.98
$YDQW OD SUHPLqUH XWLOLVDWLRQ
GH O·DSSDUHLO IDPLOLDULVH]
YRXV DYHF OH PRGH G·HPSORL
5HVSHFWH] OHV LQVWUXFWLRQV
GH VpFXULWp SRXU pYLWHU WRXW
GRPPDJH DX[ SHUVRQQHV HW
DX[ FKRVHV
$ILQ GH JDUDQWLU TXH YRXV
DYH] SULV FRQQDLVVDQFH GX
PRGH G·HPSORL HW SRXU YRWUH
VpFXULWp QRXV YRXV SULRQV
GH UHQYR\HU OD FDUWH GH JD
UDQWLH UHPSOLH O·RUJDQLVDWLRQ
GH VHUYLFH j 0lJHQZLO
3ULPD GL XVDUH LO YRVWUR QXRYR
DSSDUHFFKLR IDPLOLDUL]]DWHYL
FRQ OH SUHVHQWL LVWUX]LRQL 3UH
VWDWH DWWHQ]LRQH DOOH QRUPH GL
VLFXUH]]D SHU SUHYHQLUH LQIRUW
XQL H GDQQL D SHUVRQH H FRVH
3HU JDUDQWLUH FKH DYHWH SUHVR
FRQRVFHQ]D GHO FRQWHQXWR
GHOOH LVWUX]LRQL G·XVR H SHU OD
YRVWUD VLFXUH]]D YL SUHJKLDPR
GL ULHPSLUH OD FDUWD GL JDUDQ]LD
H GL VSHGLUOD DO QRVWUR VHUYL]LR
DVVLVWHQ]D GL 0lJHQZLO
D
F
I
&KqUH FOLHQWH FKHU FOLHQW
1RXV YRXV UHPHUFLRQV G·DYRLU FKRLVL XQH FXLVLQLqUH
6ZLVVOLQH G·(OHFWUROX[ 9RXV DYH] PLVp DLQVL VXU
OD TXDOLWp HW OD GXUDELOLWp
&H PRGH G·HPSORL YRXV SHUPHW G·DSSUHQGUH j FRQQDv
WUH pWDSH SDU pWDSH YRWUH IRXU HW YRWUH FXLVLQLqUH HW G·HQ
XWLOLVHU OH PLHX[ SRVVLEOH WRXWHV OHV SRVVLELOLWpV
6L YRXV XWLOLVH] FRUUHFWHPHQW WRXW O·pTXLSHPHQW HW OHV
QRPEUHX[ GpWDLOV YRWUH (OHFWUROX[ 6ZLVVOLQH YRXV RIIULUD G·DYDQWDJH GH FRQIRUW GH VpFXULWp G·pFR
QRPLH HW YRXV RXYULUD GH ERQQHV SRVVLELOLWpV GDQV OD
SUpSDUDWLRQ GH PHWV VXFFXOHQWV
&HW DSSDUHLO HVW FRQIRUPH j OD GLUHFWLYH
&(( &(( &(( &(( &(( 7DEOH GHV PHWLqUHV
5HPDUTXHV LPSRUWDQWHV FRQFHUQDQW OD VpFXULWp /H IRXU HQFDVWUp $YDQW OD SUHPLqUH PLVH HQ VHUYLFH /HV IHX[ GH FXLVVRQ j JD] /H IRXU j JD] ,QIRUPDWLRQV JpQpUDOHV VXU OH U{WLVVDJH HW OD FXLVVRQ 7DEOH GH FXLVVRQ HW GH U{WLVVDJH DX IRXU &RQVHLO SUDWLTXHV XWLOHV 6L TXHOTXH FKRVH QH IRQFWLRQQH SDV 1HWWR\DJH HW HQWUHWLHQ /D VLJQLILFDWLRQ GHV V\PEROHV ,QVWDOODWLRQ HW HQWUHWLHQ 8WLOLVDWLRQ HW PDQLSXODWLRQ 6pFXULWp SRXU OHV HQIDQWV 9RXV WURXYH] OH URELQHW G·DUUrW 1HWWR\DJH eYDFXDWLRQ GH O·HPEDOODJH 9XH GH O·DSSDUHLO 7DEOHDX V\QRSWLTXH 7DEOH GH FXLVVRQ GH OD FXLVLQLqUH j JD] %UOHXU j JD] /H IRXU 1HWWR\DJH LQLWLDO /DYDJH LQLWLDO GH OD WDEOH GH FXLVVRQ &KDXIIDJH LQLWLDO /D WDEOH GH FXLVVRQ 3RUWHFDVVHUROHV %UOHXUV GX IR\HU /HV PDQHWWHV GH UpJODJH $OOXPDJH j OD PDLQ (WHLQGUH OH EUOHXU &DVVHUROHV HW SRrOHV &RPPXWDWHXU GH WHPSpUDWXUH GX IRXU $FFHVVRLUHV GX IRXU *XLGHV GH SODTXHV 7DEOH GH VWpULOLVDWLRQ 7DEOH GH FXLVVRQ HQ DFLHU LQR[\GDEOH 1HWWR\DJH GX IRXU pPDLOOp 1HWWR\DJH GX JULO GHV SODTXHV GHV PRXOHV HW GHV JOLVVLqUHV 0RQWDJH HW GpPRQWDJH GHV JXLGHV GH SODTXHV 3DQQHDX V\QRSWLTXH HW SRUWH GX IRXU 'LUHFWLYHV GH PRQWDJH 'RQQpHV WHFKQLTXH *+ / = 6 6HUYLFH DSUqVYHQWH 'pFRXSDJH GH OD IHQrWUH SRXU OD WDEOH GH FXLVVRQ 7{OH GH IRQG 5DFFRUGHPHQW GX JD] 0RQWDJH GH OD FXLVLQLqUH 0RQWDJH GHV EUOHXUV 0RQWDJH GX FDQDO G·pYDFXDWLRQ GH OD FKDOHXU GX IRXU 0RQWDJH GH OD WDEOH GH FXLVVRQ HQ DFLHU VSpFLDO 3XLVVDQFH GHV EUOHXUV HW GLDPqWUH GHV LQMHFWHXUV 3RLQW GH YHQWH GH UHFKDQJH 'HPRQVWUDWLRQ 9HQWH *DUDQWLH 5HPDUTXHV LPSRUWDQWHV FRQFHUQDQW OD VpFXULWp
/D VLJQLILFDWLRQ GHV V\PEROHV
6723
6WRS
&H V\PEROH SUpYLHQW FRQWUH GH JUDYHV ULVTXHV
GH EOHVVXUH ,O GRLW rWUH REVHUYp LPSpUDWLYH
PHQW
$WWHQWLRQ
&H V\PEROH VLJQDOH XQH LQIRUPDWLRQ GRQW O·L
QREVHUYDWLRQ SHXW HQWUDvQHU XQ GDQJHU SRXU
OHV SHUVRQQHV HWRX GHV GRPPDJHV PDWpULHOV
LPSRUWDQWV &HV LQGLFDWLRQV GH VpFXULWp GRL
YHQW rWUH REVHUYpHV LPSpUDWLYHPHQW
5HPDUTXH
&H V\PEROH GpVLJQH XQH LQIRUPDWLRQ TXL FRQ
WLHQW GHV LQGLFDWLRQV LPSRUWDQWHV FRQFHUQDQW
O·XWLOLVDWLRQ 6RQ LQREVHUYDWLRQ SHXW HQWUDvQHU
GHV GpUDQJHPHQWV
,QVWDOODWLRQ HW HQWUHWLHQ
/H UDFFRUGHPHQW HW OD PLVH HQ VHUYLFH GH O·DSSDUHLO j
JD] GRLYHQW VH IDLUH HQ UHVSHFWDQW OHV SUHVFULSWLRQV HQ
YLJXHXU SDU OH IRXUQLVVHXU GH JD] RX XQ LQVWDOODWHXU
FRQFHVVLRQQDLUH
/·DSSDUHLO QH GRLW rWUH PRQWp TXH GDQV XQ ORFDO VXIIL
VDPPHQW GLPHQVLRQQp HW ELHQ DpUp (Q FDV GH GRXWH
SDUOH]HQ G·DERUG DYHF YRWUH LQVWDOODWHXU
,O QH IDXW SDV XWLOLVHU XQ DSSDUHLO GpIHFWXHX[ FDU LO HQ
YD GH YRWUH YLH (Q FDV G·LQFLGHQW RX GH GpIDXW LO IDXW
LPPpGLDWHPHQW IHUPHU OH URELQHW G·DUULYpH GX JD]
GpFOHQFKHU OH IXVLEOH GH VpFXULWp UHVSHFWLYHPHQW OH
VRUWLU HQ WRXUQDQW
3DU PHVXUH GH VpFXULWp WRXWH UpSDUDWLRQ GH O·DSSDUHLO
VXUWRXW GHV RUJDQHV G·DOLPHQWDWLRQ HQ pQHUJLH JD
]HXVH HW pOHFWULTXH QH SHXW rWUH DFFRPSOLH TXH SDU XQ
LQVWDOODWHXU TXDOLILp RX SDU QRWUH WHFKQLFLHQ GX VHUYLFH
j OD FOLHQWqOH YX OHV GDQJHUV DX[TXHOV O·XWLOLVDWHXU V·H[
SRVH (Q FDV GH GpUDQJHPHQW DGUHVVH]YRXV GLUHF
WHPHQW j QRWUH VHUYLFH j OD FOLHQWqOH
8WLOLVDWLRQ HW PDQLSXODWLRQ
/·DSSDUHLO QH SHXW rWUH XWLOLVp TXH GDQV OH FDGUH PpQD
JHU HW GDQV OH EXW SUpYX j FHW HIIHW ,O HVW FRQIRUPH DX[
SUHVFULSWLRQV LQWHUQDWLRQDOHV GH VpFXULWp HW DX[ QRU
PHV GH TXDOLWp /HV SUpFDXWLRQV GH VpFXULWp QRUPDOH
PHQW H[LVWDQWHV Q·H[FOXHQW WRXWHIRLV SDV WRXW ULVTXH
G·DFFLGHQW
$YDQW OD SUHPLqUH XWLOLVDWLRQ OH IRXU GRLW rWUH FKDXIIp j
YLGH $VVXUH]YRXV TXH O·DpUDWLRQ GH OD SLqFH HVW VXIIL
VDQWH
1·HQFOHQFKH] OH IHX TXH ORUVTXH OD FDVVHUROH RX OD
SRrOH D pWp SRVpH GHVVXV /D YDLVVHOOH GH FXLVVRQ HW
OD SODTXH GRLYHQW rWUH SURSUHV HW VqFKHV
/D JUDLVVH RX O·KXLOH VXUFKDXIIpH SHXW V·HQIODPPHU
/RUV GH OD IULWXUH RX G·DXWUHV SUpSDUDWLRQV GDQV OHV
TXHOOHV RQ FKDXIIH EHDXFRXS GH JUDLVVH LO IDXW DEVROX
PHQW JDUGHU O·RSpUDWLRQ VRXV VXUYHLOODQFH
/H FRUSV GH FKDXIIH VLWXp DX KDXW GX IRXU OH IRXU
SUpFKDXIIp HW OHV SODTXHV FKDXIIDQWHV SUpVHQWHQW XQ
JUDYH GDQJHU GH EUOXUH
/H IRXU QH GRLW SDV rWUH UHFRXYHUW G·XQH IHXLOOH G·DOXPL
QLXP VLQRQ OD FKDOHXU V·DFFXPXOH GHVVRXV HW SHXW HQ
GRPPDJHU OD FXLVLQLqUH
8WLOLVH] GHV JDQWV WKHUPLTXHV RX XQ WRUFKRQ SRXU UHWL
UHU VDQV VH EUOHU OHV PHWV FXLWV
1·XWLOLVH] HQ SOXV GHV DFFHVVRLUHV IRXUQLV TXH GHV
XVWHQVLOHV GH FXLVVRQ DSSURSULpV UpVLVWDQWV DX[ KDX
WHV WHPSpUDWXUHV /HV IHXLOOHV G·DOXPLQLXP HW OHV UpFL
SLHQWV HQ SODVWLTXH QH GRLYHQW SDV rWUH XWLOLVpV 9HXLO
OH] HQ RXWUH VXLYUH OHV FRQVHLOV GX IDEULFDQW
1·XWLOLVH] SDV OHV IR\HUV FRPPH VXUIDFHV GH SRVH ,O QH
IDXW ULHQ GpSRVHU VXU OD JULOOH GH O·RXYHUWXUH G·pYDFXD
WLRQ G·DLU YLFLp j O·DUULqUH
6L HOOH HVW RXYHUWH OD SRUWH GX IRXU QH GRLW SDV rWUH VXU
FKDUJpH ,O HVW LQWHUGLW GH V·DVVHRLU RX GH JULPSHU VXU
FHOOHFL
&RQWU{OH] DSUqV O·HPSORL GH O·DSSDUHLO TXH WRXV OHV ERX
WRQV VRLHQW PLV HQ SRVLWLRQ '(&/(1&+((
(Q FDV G·DEVHQFH SURORQJpH LO IDXW IHUPHU OH URELQHW
G·DUUrW VXU OD FXLVLQLqUH
&RQVHUYH] OH PRGH G·HPSORL VRLJQHXVHPHQW j SUR[L
PLWp GH O·DSSDUHLO HW WUDQVPHWWH]OH OH FDV pFKpDQW j
VRQ XWLOLVDWHXU VXLYDQW
6pFXULWp SRXU OHV HQIDQWV
eORLJQH] OHV SHWLWV HQIDQWV 1H ODLVVH] SDV OHV HQIDQWV
MRXHU DYHF OD FXLVLQLqUH
9HLOOH] j FH TXH GHV OLJQHV GH UDFFRUGHPHQW G·DSSD
UHLOV pOHFWULTXHV VXSSOpPHQWDLUHV DX YRLVLQDJH GX IRXU
QH VRLHQW SDV WURS SUqV GX EUOHXU j JD]
9RXV WURXYH] OH URELQHW G·DUUrW
6RXV OH IRXU
6723
(Q FDV G·RGHXU GH JD]
1H SDV DFWLRQQHU G·LQWHUUXSWHXU pOHFWULTXH
1·DOOXPHU QL DOOXPHWWH QL EULTXHW QH SDV IXPHU
2XYULU SRUWHV HW IHQrWUHV DpUHU DERQGDPPHQW
)HUPH OH URELQHW SULQFLSDO GX JD] IHUPHU HQ SOXV
OHV URELQHWV G·DUUrW/H URELQHW SULQFLSDO GX JD] VH
WURXYH SUqV GX FRPSWHXU j JD]
$YLVHU OH SLTXHW GH YRWUH IRXUQLVVHXU GHJD] RX OH
VHUYLFH (OHFWUROX[
1·HQWUHSUHQGUH DXFXQH PDQLSXODWLRQ VXU O·DSSD
UHLO
2EVHUYH] DXVVL OHV LQVWUXFWLRQV GH VpFXULWp GH YR
WUH IRXUQLVVHXU GH JD]
1HWWR\DJH
/·XWLOLVDWLRQ G·DSSDUHLOV GH QHWWR\DJH j OD YD
SHXU RX j O·HDX j KDXWH SUHVVLRQ HVW LQWHUGLW
SRXU GHV UDLVRQV GH VpFXULWp pOHFWULTXH$YDQW
GH FRPPHQFHU OH QHWWR\DJH SODFHU WRXV OHV
URELQHWV HW LQWHUUXSWHXUV HQ SRVLWLRQ '(&/(1
&+((
3HQGDQW OH QHWWR\DJH PDQXHO OHV EUOHXUV GX JD] HW
OH JULO GRLYHQW rWUH GpFOHQFKpV 3UHQH] JDUGH j FH TXH
OH IRXU HW OHV SODTXHV VRLHQW VXIILVDPPHQW UHIURLGLHV
SRXU TXH YRXV SXLVVLH] OHV WRXFKHU VDQV ULVTXHU GH
YRXV EUOHU
0DLQWHQH] WRXMRXUV YRWUH IRXU SDUIDLWHPHQW SURSUH
/HV pFODERXVVXUHV GH JUDLVVH HW OHV WDFKHV GpJDJHQW
XQH PDXYDLVH RGHXU ORUVTX·HOOHV FKDXIIHQW
9HLOOH] j OD SURSUHWp GHV VXUIDFHV DVVXUDQW O·pWDQFKpLWp
GH OD SRUWH DLQVL TXH OH FDGUH GH OD SRUWH
/HV FKDUQLqUHV GH OD SRUWH GX IRXU FRQVWLWXHQW XQ GDQ
JHU HW HOOHV QH SHXYHQW rWUH GpPRQWpHV HW UHPRQWpHV
TXH SDU XQ WHFKQLFLHQ H[SpULPHQWp IDLVDQW SDUWLH GH
QRWUH pTXLSH DSUqVYHQWH
eYDFXDWLRQ GH O·HPEDOODJH
/HV PDWpULDX[ G·HPEDOODJH DLQVL TXH OHV DSSDUHLOV
SpULPpV GRLYHQW rWUH GpEDUUDVVpV VHORQ OHV SUHVFULS
WLRQV 5HVSHFWH] OHV QRUPHV QDWLRQDOHV HW UpJLRQDOHV
DLQVL TXH OHV LQGLFDWLRQV FRQFHUQDQW OHV PDWLqUHV
VpSDUDWLRQ GHV PDWpULDX[ UpFROWH GHV GpFKHWV OLHX[
GH UDPDVVDJH /H IRXU HQFDVWUp
9XH GH O·DSSDUHLO
˚C
210
150
240
7DEOHDX V\QRSWLTXH
DYHF pOpPHQW GH FRPPDQGH
180
3RLJQpH GH OD SRUWH GX IRXU
3RUWH GX IRXU
DYHF YLWUH IURQWDOH HQWLqUHPHQW HQ YHUUH HW
IHQrWUH GH FRQWU{OH
7DEOHDX V\QRSWLTXH
˚C
180
2
210
150
240
1
3
&RPPXWDWHXU GH VXUIDFH GH FXLVVRQ DYDQW JDXFKH
&RPPXWDWHXU GH VXUIDFH GH FXLVVRQ DUULqUH JDXFKH
6pOHFWHXU GH WHPSpUDWXUH GX IRXU &
&RPPXWDWHXU GH VXUIDFH GH FXLVVRQ DUULqUH GURLW
&RPPXWDWHXU GH VXUIDFH GH FXLVVRQ DYDQW GURLW
4
5
7DEOH GH FXLVVRQ GH OD FXLVLQLqUH j JD]
%UOHXU UDSLGH
%UOHXU QRUPDO
%UOHXU UDSLGH
%UOHXU GH U{WLVVDJH
3RUWHFDVVHUROHV HQ SDUWLHV
6XSSRUW GH SRUWHFDVVHUROHV
6RUWLH G·DLU GX FDQDO GH YHQWLODWLRQ GX IRXU
%UOHXU j JD]
&RXYHUFOH GX EUOHXU
7rWH GX EUOHXU
D VRQGH WKHUPLTXH
%UOHXU VXU OD WDEOH GH FXLVVRQ
E LQMHFWHXU
D
E
/H IRXU
$
5DLQXUHV GH JXLGDJH
GH SODTXH j SkWLVVHULH
%
&RUSV GH FKDXIIH GX JULO
&
eFODLUDJH GX IRXU
*XLGHV GH SODTXHV UDLQXUHV
$
$
%
&
$YDQW OD SUHPLqUH PLVH HQ VHUYLFH
1HWWR\DJH LQLWLDO
/H IRXU GRLW rWUH QHWWR\p DYDQW OD SUHPLqUH XWLOLVDWLRQ
DILQ G·pOLPLQHU WRXWH WUDFH SRVVLEOH ODLVVpH SDU OD IDEUL
FDWLRQ
9RXV SRXYH] \ YRLU SOXV FODLU HQ DOOXPDQW O·pFODLUDJH LQ
WHUQH HQ SRVLWLRQQDQW OH VpOHFWHXU GH IRQFWLRQ VXU Q·LP
SRUWH TXHOOH SRVLWLRQ HW HQ ODLVVDQW OH VpOHFWHXU GH WHP
SpUDWXUH GpFOHQFKp
(QOHYH] VRLJQHXVHPHQW OHV pWLTXHWWHV TXL V·\ WURXYHQW
HQFRUH DLQVL TXH OHV IHXLOOHV GH SURWHFWLRQ $WWHQWLRQ
GH QH SDV HQOHYHU OD SODTXH VLJQDOpWLTXH GH O·DSSDUHLO 5HWLUHU OHV DFFHVVRLUHV ORJpV GDQV OH IRXU HW ULQFHU
/H WDEOHDX V\QRSWLTXH HW OD SRUWH GX IRXU GRLYHQW rWUH
ODYpV j O·HDX FKDXGH FRQWHQDQW XQ GpWHUJHQW SXLV Vp
FKpV
3UHQH] JDUGH j QH SDV ODLVVHU SpQpWUHU O·KXPL
GLWp GDQV OHV RXYHUWXUHV GH O·pYDFXDWHXU GH
FKDOHXU GDQV OH IRQG GX IRXU HW GDQV O·HVSDFH
FRQWHQDQW OH EUOHXU
/DYDJH LQLWLDO GH OD WDEOH GH FXLVVRQ
5LQFHU OD WDEOH GH FXLVVRQ OHV VXSSRUWV HW OHV FRXYHU
FOHV GHV EUOHXUV DYHF GH O·HDX FKDXGH HW XQ GpWHU
JHQW SXLV VpFKHU
&KDXIIDJH LQLWLDO
240
˚C
21
0
180
150
/H IRXU GRLW rWUH FKDXIIp XQH SUHPLqUH IRLV j
YLGH $VVXUH]YRXV TXH O·DpUDWLRQ HVW VXIIL
VDQWH /H GpJDJHPHQW G·RGHXU HVW QRUPDO
2XYULU OD SRUWH GX IRXU FRPSOqWHPHQW
3RXVVHU OH UpJXODWHXU GH WHPSpUDWXUH HW OH WRXU
QHU YHUV OD JDXFKH VXU & QH SDV OH WRXUQHU
DX GHOj GH & EXWpH 3RXVVHU OH UpJXODWHXU GH WHPSpUDWXUH HQFRUH
XQH IRLV HW OH PDLQWHQLU SUHVVp SHQGDQW VHFRQ
GHV HQYLURQ HW HQ PrPH WHPSV WHQLU XQH DOOX
PHWWH RX XQ DOOXPHJD] VXU O·RXYHUWXUH GHYDQW
DX PLOLHX GX IRXU 8QH IRLV TXH O·DOOXPDJH D HX
PDLQWHQLU OD PDQHWWH SUHVVpH SHQGDQW VHFRQGHV
9RXV SRXYH] VXUYHLOOHU OH SURFHVVXV G·DOOXPDJH SDU
O·RXYHUWXUH HQ DYDQW DX VRO GX IRXU
'DQV OH FDV R OD IODPPH GX EUOHXU GX IRXU QH
VH PDLQWLHQW SDV YHXLOOH] UpSpWHU OH SURFHVVXV HW
DSUqV O·DOOXPDJH PDLQWHQLU OH UpJXODWHXU GH WHP
SpUDWXUH HQ pWDW SUHVVp SHQGDQW XQ SHX SOXV
ORQJ WHPSV
)HUPHU OD SRUWH GX IRXU
/DLVVHU OH IRXU YLGH HW IHUPp SHQGDQW PLQXWHV
j FHWWH WHPSpUDWXUH
3RXU GpFOHQFKHU OH IRXU WRXUQHU OH UpJXODWHXU GX IRXU HQ
SRVLWLRQ '(&/(1&+((
/HV IHX[ GH FXLVVRQ j JD]
/D WDEOH GH FXLVVRQ
/D WDEOH GH FXLVVRQ HVW pTXLSpH GH IHX[ j JD] GH GLI
IpUHQWH JUDQGHXU
$YDQW JDXFKH
$UULqUH JDXFKH
$UULqUH GURLW
$YDQW GURLW
%UOHXU UDSLGH
%UOHXU QRUPDO
%UOHXU UDSLGH
%UOHXU GH U{WLVVDJH
3RUWHFDVVHUROHV
/H SRUWHFDVVHUROHV pPDLOOp FRPSRUWH GHX[ SDUWLHV HW
DVVXUH XQ ERQ VXSSRUW SRXU OHV FDVVHUROHV OHV PDUPL
WHV HW OHV SRrOHV
/H SRUWHFDVVHUROHV VH IL[H VXU GHX[ VXSSRUWV RYDOHV
VLWXpV O·XQ j JDXFKH O·DXWUH j GURLWH
VXU OD WDEOH GH FXLVVRQ ,O SHXW rWUH HQOHYp SRXU OH QHW
WR\DJH
&RXYHUFOH GX EUOHXU
%UOHXUV GX IR\HU
/·DSSDUHLO HVW pTXLSp GH EUOHXUV j VpFXULWp WRWDOH 8Q
GLVSRVLWLI G·DOOXPDJH WKHUPRpOHFWULTXH HPSrFKH
O·pFKDSSHPHQW GH JD] QRQ DOOXPp /·DUULYpH GH JD]
UHVWH RXYHUWH WDQW TXH OD VRQGH WKHUPLTXH HVW FKDXIIpH
SDU OD IODPPH &HWWH DUULYpH GH JD] HVW DXWRPDWLTXH
PHQW IHUPpH VLW{W TXH OD IODPPH V·pWHLQW TXHOOH TX·HQ
VRLW OD FDXVH
7rWH GX EUOHXU DYHF
WKHUPRVRQGH ERXJLH G·DOOXPDJH
/H FRXYHUFOH pPDLOOp GX EUOHXU UHSRVH OLEUHPHQW VXU
OD WrWH GX EUOHXU 3UHQH] ELHQ JDUGH j FH TXH OHV FRX
YHUFOHV UHSRVHQW WRXMRXUV QRUPDOHPHQW VXU OHV WrWHV
/HV SRLQWHV VXU OD WrWH GX EUOHXU HPSrFKHQW TXH OH
FRXYHUFOH VRLW PDO SRVp 'HX[ FDYLWpV VLWXpHV GDQV OH
ERUG GH OD WrWH GX EUOHXU VHUYHQW j UHFHYRLU OD WKHUPR
VRQGH HW OD ERXJLH G·DOOXPDJH
%UOHXU DYHF LQMHFWHXU
/HV RXYHUWXUHV GDQV OH EUOHXU VHUYDQW j O·LQMHFWLRQ GX
JD] GH OD IODPPH QH GRLYHQW MDPDLV rWUH ERXFKpHV SDU
GHV DOLPHQWV D\DQW GpERUGp RX GHV UHVWHV GH SURGXLW
GH QHWWR\DJH
/HV PDQHWWHV GH UpJODJH
˚C
180
2
'HX[ ERXWRQV WRXUQDQWV VLWXpV j GURLWH HW j JDX
FKH VXU OD SODWLQH GH FRPPDQGH SHUPHW G·RXYULU HW
GH IHUPHU O·DUULYpH GX JD] FKDFXQ G·HX[ DJLVVDQW
VXU XQ IHX HW SHUPHWWDQW GH O·DOOXPHU HW GH OH UpJOHU
3
210
150
240
1
4
5
$OOXPDJH j OD PDLQ
7RXUQHU OH UpJXODWHXU GpVLUp YHUV OD JDXFKH
MXVTX·DX V\PEROH ´3OHLQ IHX´
3UHVVHU VXU OH UpJXODWHXU HQ PrPH WHPSV WHQLU
XQH DOOXPHWWH RX O·DOOXPHJD] DX EUOHXU SRXU
O·HQIODPPHU
$SUqV TXH OH JD] V·HVW HQIODPPp FRQWLQXHU GH
SUHVVHU VXU OH UpJXODWHXU SHQGDQW j VHFRQ
GHV SXLV
9RXV SRXYH] VpOHFWLRQQHU Q·LPSRUWH TXHOOH SRVLWLRQ GX
UpJXODWHXU HQWUH OHV V\PEROHV ´3OHLQ IHXµ HW ´)HX
pFRQRPLTXHµ EXWpH )DLWHV OH UpJODJH HQ YHLOODQW j FH TXH OD IODPPH QH Gp
SDVVH SDV OH IRQG GH OD FDVVHUROH
(WHLQGUH OH EUOHXU
3RXU pWHLQGUH OH EUOHXU DFWLI LO VXIILW GH WRXUQHU OD PD
QHWWH GX UpJXODWHXU j IRQG YHUV OD GURLWH MXVTX·HQ SRVL
WLRQ $86
&RQWU{OH] DSUqV O·HPSORL TXH O·DSSDUHLO HVW ELHQ
pWHLQW 7RXV OHV ERXWRQV GRLYHQW VH WURXYHU HQ
SRVLWLRQ $86
&DVVHUROHV HW SRrOHV
1·XWLOLVH] TXH GHV FDVVHUROHV GHV PDUPLWHV HW GHV
SRrOHV DYHF XQ IRQG SDUIDLWHPHQW SODW /·XVWHQVLOH GH
FXLVVRQ GRLW UHSRVHU j SODW VXU OH SRUWHFDVVHUROHV
8WLOLVH] WRXMRXUV OH FRXYHUFOH TXL FRQYLHQW HW JDUGH]OH
VXU OD FDVVHUROH SHQGDQW WRXW OH FKDXIIDJH HW OD FXLV
VRQ VDXI VL OD UHFHWWH H[LJH OH FRQWUDLUH 9RXV pFRQR
PLVHUH] DLQVL SDVVDEOHPHQW G·pQHUJLH HW OHV DOLPHQWV
VHURQW FXLWV SOXV UDSLGHPHQW
/HV IODPPHV QH GRLYHQW SDV GpSDVVHU OH ERUG GX IRQG
GH OD FDVVHUROH $VVXUH]YRXV GH WHPSV HQ WHPSV TXH
OD IODPPH FRQYLHQW ELHQ DX GLDPqWUH GH OD FDVVHUROH
1RXV YRXV UHFRPPDQGRQV G·XWLOLVHU OHV WDLOOHV VXLYDQ
WHV
7\SH GH IHX
'LDPqWUH PLQLPXP
%UOHXU GH U{WLVVDJH
PP
%UOHXU QRUPDO
PP
%UOHXU UDSLGH
PP
&RQWU{OH] TXH OHV JUDQGHV FDVVHUROHV QH SHX
YHQW SDV HQWUHU HQ FRQWDFW DYHF XQH SRUWH G·DU
PRLUH XQH SDURL RX WRXW DXWUH REMHW HQ SODVWL
TXH
/H IRXU j JD]
&RPPXWDWHXU GH WHPSpUDWXUH GX IRXU
/·DGPLVVLRQ GH JD] YHUV OH EUOHXU GX IRXU HVW RXYHUWH
RX IHUPpH SDU OH UpJXODWHXU GH WHPSpUDWXUH /D FRP
EXVWLRQ GX JD] SHUPHW GH UpJOHU OD WHPSpUDWXUH HQWUH
& HW &
/H IRXU FKDXIIH j SOHLQ IHX MXVTX·D FH TXH OD WHPSpUD
WXUH HVW DWWHLQWH (QVXLWH O·DIIOX[ GX JD] HVW UpJOp DXWR
PDWLTXHPHQW HW OD WHPSpUDWXUH GX IRXU HVW DORUV PDLQ
WHQXH DX QLYHDX IL[p
$YDQW GH UHWLUHU O·DOLPHQW GRQW OD FXLVVRQ HVW
WHUPLQpH LO IDXW WRXMRXUV WRXUQHU HQ DUULqUH OH
UpJXODWHXU HW HQFOHQFKHU O·pFODLUDJH LQWHUQH j
O·DLGH GX FRPPXWDWHXU GH IRQFWLRQ /H SODW
FKDXG SHXW DLQVL rWUH UHWLUp SOXV DLVpPHQW
$OOXPDJH GX IRXU
2XYULU OD SRUWH GX IRXU FRPSOqWHPHQW
3RXVVHU OH UpJXODWHXU GH WHPSpUDWXUH HW OH WRXU
QHU YHUV OD JDXFKH VXU & QH SDV OH WRXUQHU
DX GHOj GH & EXWpH 3RXVVHU OH UpJXODWHXU GH WHPSpUDWXUH HQFRUH
XQH IRLV HW OH PDLQWHQLU SUHVVp SHQGDQW VHFRQ
GHV HQYLURQ HW HQ PrPH WHPSV WHQLU XQH DOOX
PHWWH RX XQ DOOXPHJD] VXU O·RXYHUWXUH GHYDQW
DX PLOLHX GX IRXU 8QH IRLV TXH O·DOOXPDJH D HX
PDLQWHQLU OD PDQHWWH SUHVVpH SHQGDQW VHFRQGHV
150
180
3RXU GpFOHQFKHU OH IRXU WRXUQHU OH UpJXODWHXU GX IRXU HQ
SRVLWLRQ '(&/(1&+((
210
'DQV OH FDV R OD IODPPH GX EUOHXU GX IRXU QH
VH PDLQWLHQW SDV YHXLOOH] UpSpWHU OH SURFHVVXV HW
DSUqV O·DOOXPDJH PDLQWHQLU OH UpJXODWHXU GH WHP
SpUDWXUH HQ pWDW SUHVVp SHQGDQW XQ SHX SOXV
ORQJ WHPSV
)HUPHU OD SRUWH GX IRXU
3UpFKDXIIHU OH IRXU SHQGDQW PLQXWHV HW
HQVXLWH JOLVVHU OH PHW j FXLUH GDQV OH IRXU
240
9RXV SRXYH] VXUYHLOOHU OH SURFHVVXV G·DOOXPDJH SDU
O·RXYHUWXUH HQ DYDQW DX VRO GX IRXU
˚C
$FFHVVRLUHV GX IRXU
$ SDUW OHV DFFHVVRLUHV OLYUpV Q·XWLOLVH] TXH GHV
SODWV HW GHV PRXOHV GH FXLVVRQ UpVLVWDQW j OD
WHPSpUDWXUH pOHYpH 3UHQH] JDUGH DX[ UHFRP
PDQGDWLRQV GX IRXUQLVVHXU
/H IRXU HVW pTXLSp GHV DFFHVVRLUHV VXLYDQWV
3ODTXHV j JDWHDX[
5{WLVVRLUH SRXU FXLUHU{WLUJULOOHU
/HV SODTXHV j FXLUH HW OHV JULOOHV SHXYHQW rWUH REWHQXHV
DXSUqV GH QRWUH VHUYLFH j OD FOLHQWqOH
*XLGHV GH SODTXHV
/H IRXU HVW PXQL GH JUDGLQV FRQWHQDQW UDLQXUHV GH
KDXWHXU GLIIpUHQWH &HV KDXWHXUV VRQW QXPpURWpHV
GDQV XQH WDEOH DOODQW GH j VHORQ O·pFKHOOH VXLYDQWH
OH SOXV KDXW
(QILOHU OD SODTXH RX OD JULOOH GDQV OHV UDLQXUHV ODWpUDOHV
GH JXLGDJH DX QLYHDX GpVLUp MXVTX·j OD SRVLWLRQ GH
VWRS
OH SOXV EDV (QILOH] OD SODTXH RX OH U{WL HQWUH OHV GHX[ WLJHV
GH JXLGDJH FH TXL IDFLOLWH O·HQWUpH HW OD VRUWLH
HW DVVXUH OH PDLQWLHQ SHQGDQW OD FXLVVRQ
3RVLWLRQ GH VWRS
(WULHU GH VXVSHQVLRQ
,QIRUPDWLRQV JpQpUDOHV VXU OH U{WLVVDJH HW OD FXLVVRQ
5{WLVVDJH
8WHQVLOHV SRXU U{WLU HW FXLUH
/H WHPSV GH U{WLVVDJH GpSHQG GX JHQUH GX U{WL FKRLVL
GH VRQ SRLGV HW GH VD KDXWHXU
/·XVDJH HVW GH FDOFXOHU OH WHPSV QpFHVVDLUH SDU FHQWL
PqWUH GH KDXWHXU
3RXU U{WLU HW FXLUH DYHF O·DLU FKDXG YRXV XWLOLVHUH] GH
SUpIpUHQFHV OHV XVWHQVLOHV OLYUpV DYHF O·DSSDUHLO j VD
YRLU OHV IRUPHV FODLUHV HW IRQFpHV SRXU OD FXLVVRQ OD
FpUDPLTXH HW OHV IRUPHV UpVLVWDQW j OD WHPSpUDWXUH
1RWH] TXH OHV SODTXHV HW OHV IRUPHV PpWDOOLTXHV FODL
UHV QpFHVVLWHQW XQ WHPSV GH FXLVVRQ SOXV ORQJ 9HXLO
OH] FRQVXOWHU OHV LQVWUXFWLRQV UHPLVHV j FHW HIIHW SDU OH
IDEULFDQW
%RHXI FKDVVH
PLQXWHV
3RUF YHDX
PLQXWHV
)LOHW URDVWEHHI
PLQXWHV
3OXV OH PRUFHDX GH YLDQGH HVW HSDLV PRLQV OD WHPSp
UDWXUH GRLW pWUH HOHYpH
/·pWDW GH FXLVVRQ GH OD YLDQGH SHXW rWUH WHVWp HQ SUHV
VDQW GHVVXV DYHF XQH FXLOOqUH 6L OH U{WL QH V·HQIRQFH
SDV LO HVW FXLW
&RQVHLO 'DQV OH FRPPHUFH GHV DSSDUHLOV PpQDJHUV
RQ WURXYH GHV WKHUPRPqWUHV LQGLTXDQW O·pWDW GH FXLV
VRQ
/DLVVH] OH U{WL GDQV OH IRXU XQH GL]DLQH GH PLQXWHV
DSUqV O·DYRLU pWHLQW SRXU SHUPHWWUH DX MXV GH V·pFRXOHU
FH TXL VLPSOLILH OH GpFRXSDJH
5{WLU VXU OH JULO
/D SLqFH j U{WLU GRLW rWUH GpSRVpH VXU OH JULO DYHF OH F{Wp
j GUHVVHU WRXUQp YHUV OH KDXW (QILOH] OD SODTXH GX JULO
GDQV OHV JOLVVLqUHV RX SXLV LQWURGXLVH] OH JULO MXVWH
DXGHVVXV VXU OH UDLO GH OD JOLVVLqUH
5{WLU GDQV XQH U{WLVVRLUH RX VXU OD SODTXH
0HWWH] OH PRUFHDX GH YLDQGH PDLJUH GH FKDVVH RX GH
KDFKLV GLUHFWHPHQW GDQV OD U{WLVVRLUH UpFLSLHQW j U{WLU
HQ S\UH[ RX HQ WHUUH FXLWH YHUQLH RX VXU OD SODTXH
6L OH WHPSV GH FXLVVRQ GRLW GpSDVVHU XQH KHXUH DMRX
WH] OHV LQJUpGLHQWV SRXU OD VDXFH GDQV OD U{WLVVRLUH XQH
GHPLKHXUH DYDQW OD ILQ GH OD FXLVVRQ SXLV ODLVVH] GR
UHU HW FRPSOpWH] DYHF XQ SHX G·HDX FKDXGH
/HV PRXOHV j FXLUH RX OHV DXWUHV XVWHQVLOHV GRLYHQW
rWUH SRVpV VXU OD SODTXH j JkWHDX[
3UpFKDXIIDJH
(Q FDV GH FKDXIIDJH FRQYHQWLRQQHO LO IDXW SUpFKDXIIHU
OH IRXU SHQGDQW j PLQXWHV DYDQW G·LQWURGXLUH OHV
DOLPHQWV
5HPDUTXHV VXU O·XWLOLVDWLRQ GH OD WDEOH GHV WHPSV
GH FXLVVRQ
/D WDEOH GHV WHPSV GH FXLVVRQ FRQWLHQW GDQV FHUWDLQV
FDV O·LQGLFDWLRQ G·XQH SODJH GH WHPSpUDWXUH SDU H[HP
SOH & &KRLVLVVH] GH SUpIpUHQFH OD WHPSpUD
WXUH OD SOXV EDVVH LQGLTXpH (Q FDV FRQWUDLUH YRWUH Jk
WHDX VHUD WURS FXLW GHVVXV LO QH VHUD SDV DVVH] OHYp RX
LO V·HIIRQGUHUD SDUFH TXH O·KXPLGLWp TX·LO FRQWLHQW Q·D
SDV pWp VXIILVDPPHQW pOLPLQpH
6L OH WHPSV GH FXLVVRQ HVW WURS ORQJ RX VL OH GHVVXV GH
O·DOLPHQW j FXLUH QH EUXQLW SDV FRPPH LO VHUDLW VRXKDLWD
EOH LO IDXW DORUV FKRLVLU OD WHPSpUDWXUH OD SOXV pOHYpH IL
JXUDQW GDQV OD WDEOH
/H EUXQLVVHPHQW UpJXOLHU GHV JkWHDX[ SHXW rWUH DPp
OLRUp HQ GLPLQXDQW G·HQYLURQ & OD WHPSpUDWXUH GH
FXLVVRQ LQGLTXpH HW HQ UDOORQJHDQW OH WHPSV GH FXLVVRQ
PHQWLRQQp
/HV GRQQpHV GH OD GXUpH GH FXLVVRQ SHXYHQW YDULHU HQ
IRQFWLRQ GH OD JUDQGHXU GHV RHXIV XWLOLVpV GHV SRVVLEL
OLWpV GH OLDLVRQ GH OD IDULQH HW GH OD PDWLqUH GX PRXOH
FKRLVL
/HV WHPSV GH FXLVVRQ LQGLTXpV VRQW GHV YDOHXUV DSSUR[LPDWLYHV
/HV OLJQHV OLEUHV VRQW GHVWLQpHV j O·LQVFULSWLRQ GH YRV UHFHWWHV IDYRULWHV
&XLVVRQ DX IRXU
7DEOH GH FXLVVRQ HW GH
U{WLVVDJH DX IRXU
&KDXIIDJH
FRQYHQWLRQQHO
7HPS
7HPSV
&
0LQ
DYHF IUXLWV IUDLV DYHF OLDLVRQ VXFUpH
DYHF IUXLWV VXUJHOpV DYHF OLDLVRQ VXFUpH
7DUWH IUDQoDLVH
7DUWH DX IURPDJH
7DUWH DX[ FKDPSLJQRQV
7DUWH DX EURFROL SRLUHDX
7DUWH VXUSULVH
5DLQXUH
7DUWHV SkWH EULVpH HW IHXLOOHWpH
VDQV OLDLVRQ VXFUpH
*kWHDX[ WRXUWHV SkWH j FDNH SkWH OHYpH SkWH DX VHUp
%LVFXLW
5RXODGH
*RXJHOKRSI
$SSOH SLH SkWH OHYpH
&DNH PDUEUp
&DNH W\UROLHQ
&DNH j OD QRL[ GH FRFR
7DUWH DX[ FRXUJHWWHV GRXFHV
&DNH DX[ QRL[
7RXUWH DX FpUp DX IURPPDJH
7UDQFKHV DX UKXP DX[ RUDQJHV RX DX[
FDURWWHV
3HWLWV ELVFXLWV SkWH j ELVFXLW SkWH VDEOpH PDVVH j PHULQJXH
3kWLVVHULH VRXIIOpH FKRX[ j OD FUqPH
)RQGV GH SkWH VDEOpH SRXU WRXUWHV
)RQGV GH WDUWHOHWWHV
0LURLUV
&URLVVDQWV DX[ DPDQGHV
0HULQJXHV
3HWLWV VDOpV SRXU O·DSpUR
&URLVVDQWV DX MDPERQ
)HXLOOHWpV
)LOHW GH SRUF HQ FURWH
3HWLWHV VDXFLVVHV HQ FURWH
3kWH IHXLOOHWpH
7DEOH GH FXLVVRQ HW GH
U{WLVVDJH DX IRXU
&XLVVRQ DX IRXU
&KDXIIDJH
FRQYHQWLRQQHO
7HPS
7HPSV
&
PLQ
&RXURQQH EULRFKpH
1LG G·DEHLOOH SODTXH VSpFLDOH SURIRQGH
*RXJHOKRSI
7UHVVH
&ULRVVDQW
3DLQ VHORQ WDLOOH
3HWLWV SDLQV
-DPERQ FXLW GDQV OH SDLQ
3HWLW SDLQ IUDvFKHPHQW FXLW
3HWLW FURLVVDQW IUDvFKHPHQW FXLW
3L]]D SODTXH RULJLQDOH GH FXLVVRQ
5DLQXUH
3kWH OHYpH JkWHDX[ WUHVVHV SDLQ HW SL]]DV
3L]]D
SODTXH HQ WHUUH FXLWH SUpFKDXIIHU PLQ
'pOLFDWHVVHV GX PRQGH HQWLHU
&DNH DPpULFDLQ DX[ EDQDQHV
*kWHDX DX FRFR G·,WDSDULFD
86$
7RXUWH GH /LQ] $XWULFKH
%UpVLO
7RXUWH 6DFKHU $XWULFKH
6DYDULQ )UDQFH
3LWWH DX 3UlWWLJDX *ULVRQV
3DLQ GH SRLUH
6SpFLDOLWpV VXLVVHV
7RXUWH DX[ FDURWWHV $UJRYLH
6XLVVH RULHQWDOH
9RO DX YHQW JODURQDLV *ODULV
3DLQ G·pSLFH
7RXUWH GX SUHVE\WqUH =XULFK
%LVFXLWV j VpFKHU
3DLQ G·pSLFH
%LVFXLWV GH QRsO
0LODQV HW WRXV OHV ELVFXLWV
j SkWH DX EHXUUH
3DLQ G·DQLV
/DLVVHU VpFKHU OHV ELVFXLWV SHQGDQW OD QXLW VXU
XQH W{OH SRXU OD FXLVVRQ DX IRXU
7DEOH GH FXLVVRQ HW GH
U{WLVVDJH DX IRXU
&XLVVRQ DX IRXU
&KDXIIDJH
FRQYHQWLRQQHO
7HPS
7HPSV
&
PLQ
7RDVW +DZDLL
7RDVW &KDPSLJQRQV
*UDWLQ GH SRPPH GH WHUUH
7RPDWHV JDUQLW DYHF GX IURPDJH
7RPDWHV JDUQLW DYHF GX IURPDJH
5DLQXUH
7RDVW HW *UDWLQV
*UDWLQ GH QRXLOOHV
6RXIIOp DX[ FHULVHV
PRXOH GH OLWUHV
/pJXPHV UL] PDLV HWF FRPPH DFFRPSDJQHPHQW
0DLV FRXYHUW
5L] FRXYHUW
)ULWHV DX IRXU EODQFKLHV
)ULWHV DX IRXU
0RXVVDND *UqFH
/DVDJQH ,WDOLH
3RLYURQ JDUQL +RQJULH
5{WL GH SRUF NJ
5{WL GH YHDX NJ
5{WL GH E±XI NJ
+DFNEUDWHQ NJ
5{WL WHVVLQRLV DX ODUG
5RDVWEHHI NJ
EUXWHV
3RPPHV GH WHUUH DX IRXU SRPPHV GH
WHUUH VDXWpHV
3RPPHV GXFKHVVH
&XULRVLWpV GX PRQGH HQWLHU
9LDQGH YRODLOOH JLELHU HW SRLVVRQ VDQV JULO
&KLFNHQ 1XJJHWV
PHWWUH XQH IHXLOOH G·DOXPLQLXP VXU OD SODTXH
3RXOHW NJ
&DQDUG NJ
2LH NJ
'LQGH NJ
VXU SODTXH j JkWHDX SURIRQGH
5{WL GH FHUI
7UXLWHV GDQV OD IHXLOOH G·DOXPLQLXP J
XWLOLVHU XQH IHXLOOH pSDLVVH
)LOHWV GH WUXLWH GH JUDPPHV
7DEOH GH VWpULOLVDWLRQ
6XU OD UDLQXUH LQIpULHXUH
/HV ERFDX[ QH GRLYHQW SDV VH WRXFKHU
6WpULOLVHU
MXVTX·j FH
7HPSpUDWXUH
&
TXH OH
&RQWLQXHU GH
/DLVVHU UHSRVHU GDQV
OLTXLGH
VWpULOLVHU7HPSV PLQ
OH IRXU pWHLQW
SHUOH7HPSV
7HPSV PLQ
PLQ
%DLHV
)UDLVHV
0\UWLOOHV
&DURWWHV
&KDPSLJQRQV
0L[HG 3LFNOHV
)UDPERLVHV
*URVHLOOHV PUHV
*URVHLOOHV DFLGHV
)UXLWV j SpSLQV
)UXLWV j FKqUH GXUH
3RLUHV
&RLQJV
3UXQHV
/pJXPHV
&KRX[ UDYHV
+DULFRWV
3HWLWV SRLV
$VSHUJHV
&RQVHLO SUDWLTXHV XWLOHV
3UREOqPH
&DXVH SUREDEOH
6ROXWLRQV
/H U{WL RX OH VRXIIOp QH
PRQWH SDV VXIILVDPPHQW
(UUHXU GH WHPSpUDWXUH FKRLVLH
&RQVXOWHU OD WDEOH GHV WHPSpUDWXUHV
/H U{WL QH EUXQLW SDV
7HPSpUDWXUH WURS pOHYpH
eOHYHU OD WHPSpUDWXUH YpULILHU O·HWDW
GH FXLVVRQ V·LO OH IDXW UDFFRXUFLU OH
WHPSV
3RXU FKDOHXU KDXW HW EDV XWLOLVHU XQ
PRXOH IRQFp
0DXYDLV PRXOH XWLOLVp
/H U{WL EUXQLW WURS
7HPSpUDWXUH WURS pOHYpH
&RQVXOWHU OD WDEOH GHV WHPSpUDWXUHV
GLPLQXHU OD WHPSpUDWXUH HW UDFFRXU
FLU OH WHPSV GH FXLVVRQ
/H U{WL HVW WURS VHF
/D GXUpH GH FXLVVRQ HVW WURS ORQJXH
DYHF XQH WHPSpUDWXUH WURS EDVVH
&RQVXOWHU OD WDEHO GHV WHPSpUDWXUHV
DXJPHQWHU OD WHPSpUDWXUH HW UDF
FRXUFLU OH WHPSV GH FXLVVRQ
/H U{WL HVW WURS KXPLGH
/·KXPLGLWp Q·D SDV SX V·pFKDSSHU j
FDXVH GH OD WHPSpUDWXUH WURS pOHYpH
7URS G·KXPLGLWp GDQV OD SkWH
&KRLVLU OD WHPSpUDWXUH OD SOXV EDVVH
LQGLTXpH GDQV OD WDEOH
3UpSDUHU XQH SkWH PRLQV KXPLGH
6L TXHOTXH FKRVH QH IRQFWLRQQH SDV
3UREOqPH
&DXVH SUREDEOH
/H EUOHXU V·pWHLQW DORUV TX·LO 6DOLVVXUHV j OD WKHUPRVRQGH
HVW HQ SRVLWLRQ GH µ3OHLQ
IHXµ PrPH DSUqV SOXVLHXUV
HVVDLV G·DOOXPDJH
6723
6ROXWLRQV
1HWWR\HU OD WKHUPRVRQGH (Q FDV GH
QRXYHO LQVXFFqV DSSHOHU QRWUH VHU
YLFH FOLHQWqOH
/HV DSSDUHLOV GpIHFWXHX[ QH GRLYHQW SOXV rWUH XWLOLVpV (Q FDV G·LQFLGHQW GpYLVVHU HW UHWLUHU OHV IXVLEOHV
1H PRGLILH] SDV O·DSSDUHLO 7RXWH LQWHUYHQWLRQ QRQ TXDOLILpH SHXW FDXVHU GHV GRPPDJHV PDWpULHOV RX FRUSR
UHOV
6L OHV FRQVHLOV FLGHVVXV VRQW LQVXIILVDQWV YHXLOOH] FRQWDFWHU QRWUH VHUYLFH WHFKQLTXH
1HWWR\DJH HW HQWUHWLHQ
7RXV OHV EUOHXUV GRLYHQW rWUH pWHLQWV SHQGDQW O·RSpUD
WLRQ GH QHWWR\DJH 3UHQH] JDUGH TXH OH IRXU HW OD WDEOH
GH FXLVVRQ VRLHQW VXIILVDPPHQW UHIURLGLV SRXU TXH
YRXV SXLVVLH] OHV WRXFKHU VDQV YRXV EUOHU
/·DSSDUHLO QH GRLW SDV rWUH QHWWR\p DYHF XQ V\V
WqPH GH QHWWR\DJH j YDSHXU RX j KDXWH SUHV
VLRQ SRXU GHV UDLVRQV GH VpFXULWp pOHFWULTXH
1HWWR\H] UpJXOLqUHPHQW HW j IRQG YRWUH IRXU ORUVTX·LO HVW
WLqGH RX IURLG eYLWH] OD FRPEXVWLRQ GHV pFODERXVVXUHV
JUDLVVHXVHV
7DEOH GH FXLVVRQ HQ DFLHU LQR[\GDEOH
1HWWR\H] OHV SDUWLHV HQ LQR[ DYHF XQH HDX FKDXGH DG
GLWLRQQpH GH GpWHUJHQW TXH O·RQ WURXYH GDQV OHV FRP
PHUFHV KDELWXHOV
5LQFHU OH SRUWHFDVVHUROHV DYHF GH O·HDX FKDXGH HW
XQ SURGXLW GH ULQoDJH LPELEHU DX SUpDODEOH GHV VDOLV
VXUHV WHQDFHV DYHF XQ FKLIIRQ KXPLGH
/HV WrWHV GH EUOHXUV HW OHXUV FRXYHUFOHV GRLYHQW
rWUH QHWWR\pV j O·HDX FKDXGH DYHF XQ SURGXLW GH ULQ
oDJH /HV VDOLVVXUHV LQFUXVWpHV SHXYHQW rWUH HQOHYpHV
DYHF XQH EURVVH GRXFH /HV RXYHUWXUHV SDU OHVTXHOOHV
SDVVHQW OHV IODPPHV GRLYHQW WRXMRXUV rWUH SURSUHV HW
QRQ HQFRPEUpHV
3RXU QHWWR\HU OHV EUOHXUV HW OD WDEOH GH FXLVVRQ pYLWH]
G·XWLOLVHU XQ RXWLO RX XQ SURGXLW SRXYDQW SURGXLUH GHV
JULIIXUHV /HV ERELQHV G·DOOXPDJH GRLYHQW rWUH FRQV
FLHQFLHXVHPHQW VpFKpHV DSUqV FKDTXH QHWWR\DJH
9HLOOH] j FH TXH WRXWHV OHV SLqFHV VRLHQW FRQYHQDEOH
PHQW UHPLVHV HQ SODFH DSUqV QHWWR\DJH
1HWWR\DJH GX IRXU pPDLOOp
1HWWR\H] UpJXOLqUHPHQW HW j IRQG YRWUH IRXU ORUVTX·LO HVW
WLqGH RX IURLG eYLWH] OD FRPEXVWLRQ GHV pFODERXVVXUHV
JUDLVVHXVHV
/·LQWpULHXU GX IRXU GRLW rWUH ODYp DYHF XQH pSRQJH HW GH
O·HDX FKDXGH 6L QpFHVVDLUH LO IDXW WRXW G·DERUG PRXLO
OHU OHV VDOHWpV LQFUXVWpHV SXLV ULQFHU j O·HDX FODLUH HW
ELHQ HVVX\HU SRXU VpFKHU
3UHQH] JDUGH j QH SDV ODLVVHU SpQpWUHU O·KXPL
GLWp GDQV OHV RXYHUWXUHV GH O·pYDFXDWHXU GH
FKDOHXU GDQV OH IRQG GX IRXU HW GDQV O·HVSDFH
FRQWHQDQW OH EUOHXU
1·XWLOLVH] SDV GH GpWHUJHQW RX GH SURGXLW j Up
FXUHU SRXYDQW SURYRTXHU GHV UDLHV SDV GH
SURGXLW GH QHWWR\DJH QL GH SDLOOH GH IHU
1HWWR\DJH GX JULO GHV SODTXHV GHV
PRXOHV HW GHV JOLVVLqUHV
&HV REMHWV GRLYHQW rWUH QHWWR\pV j O·DLGH G·HDX FKDXGH
VDYRQQHXVH &HV SLqFHV QH VXSSRUWHQW SDV OH SDV
VDJH GDQV OD PDFKLQH j ODYHU OD YDLVVHOOH
0RQWDJH HW GpPRQWDJH GHV JXLGHV GH
SODTXHV
3RXU IDFLOLWHU OH QHWWR\DJH GHV JXLGHV GH SODTXHV RQ
SHXW OHV VRUWLU GX IRXU
$ OD KDXWHXU GH OD SRVLWLRQ OHV VXSSRUWV SHXYHQW rWUH
UHWLUpV GH OD SDURL SDU O·DYDQW SXLV RQ GpJDJH O·DUULqUH
HW RQ SHXW VRUWLU OH VXSSRUW SDU O·DYDQW GX IRXU
3RXU UHPRQWHU OH VXSSRUW LO VXIILW GH OH VXVSHQGUH SDU
O·DUULqUH SXLV G·LQWURGXLUH OHV FURFKHWV GH OD SDUWLH
DYDQW GDQV OHV WURXV GH OD SDURL HW G·HQIRQFHU OH VXS
SRUW GDQV VD SRVLWLRQ QRUPDOH
3DQQHDX V\QRSWLTXH HW SRUWH GX IRXU
9HLOOH] j OD SURSUHWp GHV VXUIDFHV DVVXUDQW
O·pWDQFKpLWp HQWUH OD SRUWH HW VRQ FDGUH
/H SDQQHDX GH FRPPDQGH DLQVL TXH OD SRUWH GX IRXU
GRLYHQW rWUH QHWWR\pV j O·HDX FKDXGH RX DYHF XQ SUR
GXLW GH QHWWR\DJH SRXU OHV YLWUHV SXLV VpFKpV VRLJQHX
VHPHQW 1·XWLOLVHU TXH GH O·HDX FKDXGH SRXU O·LQWpULHXU
GH OD SRUWH GX IRXU
/D YLWUH LQWpULHXUH HVW UHFRXYHUWH G·XQH FRXFKH VSpFLD
OHPHQW UpVLVWDQWH DX UD\RQQHPHQW GH OD FKDOHXU ,O IDXW
GRQF pYLWHU G·XWLOLVHU XQ GpWHUJHQW DJUHVVLI SRXYDQW
SURYRTXHU GHV JULIIXUHV GH OD VXUIDFH DLQVL TXH WRXW
SURGXLW PRXVVDQW
/RUV GX QHWWR\DJH GH OD SRUWH LO IDXW IDLUH ELHQ DWWHQWLRQ
j FH TXH FHOOHFL UHVWH VXVSHQGXH HW TXH O·pWULHU SURWp
JHDQW OD FKDUQLqUH UHSRVH ELHQ VXU FHWWH GHUQLqUH YRLU
ILJXUH FLFRQWUH 'LUHFWLYHV GH PRQWDJH SRXU OD FXLVLQLqUH j JD] HQFDVWUpH FP (XUR1RUPH
/H UDFFRUGHPHQW HW OD PLVH HQ VHUYLFH GH OD FXLVLQLqUH
j JD] GRLYHQW rWUH H[pFXWpV FRQIRUPpPHQW DX[ SUH
VFULSWLRQV ORFDOHV SDU XQ LQVWDOODWHXU FRQFHVVLRQQDLUH
DJUpp
/H UDFFRUGHPHQW FRUUHFW GRLW rWUH DWWHVWp SDU OD VLJQD
WXUH GH O·LQVWDOODWHXU DSSRVpH VXU OD FDUWH GH JDUDQWLH
GH O·DSSDUHLO
6HXOH OD SODWLQH RULJLQDOH GH O·DSSDUHLO HQFDVWUp SHXW
rWUH PRQWpH HW DXFXQH DXWUH
/RUV GX PRQWDJH HW GH OD PLVH HQ VHUYLFH O·DSSDUHLO
GRLW rWUH GpFRQQHFWp GH O·DOLPHQWDWLRQ HQ JD] HW HQ
pOHFWULFLWp /RUV GH WRXWH LQWHUYHQWLRQ OH URELQHW SULQFL
SDO G·DGPLVVLRQ GX JD] GRLW rWUH IHUPp HW OD ILFKH pOHF
WULTXH PXUDOH GRLW rWUH GpFRQQHFWpH UHVSHFWLYHPHQW
OHV IXVLEOHV GRLYHQW rWUH HQOHYpV
/HV LQVWUXFWLRQV JpQpUDOHV YDODEOHV SRXU O·H[SORLWDWLRQ
G·DSSDUHLOV pOHFWULTXHV RX j JD] DLQVL TXH OHV SUpVHQ
WHV GLUHFWLYHV G·LQVWDOODWLRQ GRLYHQW rWUH REVHUYpHV
VWULFWHPHQW
0RQWDJH HQFDVWUp
'pEDOODJH
9HXLOOH] YRXV DVVXUHU TXH O·DSSDUHLO HVW HQ ERQ pWDW
DSUqV VRQ WUDQVSRUW 7RXWH DYDULH GRLW rWUH VLJQDOpH
LPPpGLDWHPHQW HW O·DSSDUHLO QH GRLW SDV rWUH PLV HQ
VHUYLFH
&RPSWH WHQX GH OD SURWHFWLRQ LQGLVSHQVDEOH FRQWUH OD
FKDOHXU GHV SDURLV HQWRXUDQW O·DSSDUHLO LO V·DJLW LFL
G·XQH FODVVH SRXYDQW WURXYHU SODFH GDQV GHV SDURLV
RX GHV PHXEOHV G·XQH KDXWHXU pTXLYDOHQWH j FHOOH GH
O·DSSDUHLO V·LO HVW ELHQ SURWpJp WKHUPLTXHPHQW ,O IDXW
FHSHQGDQW UHVSHFWHU XQH GLVWDQFH GH PP HQWUH OD
WDEOH GH FXLVVRQ HW OHV SDURLV ODWpUDOHV HW GH PP HQ
WUH OD IDFH DUULqUH GH O·DSSDUHLO HW OD SDURL GX IRQG
(PEDOODJH
&KDTXH SDUWLH GX FDUWRQ GH OLYUDLVRQ HVW UHF\
FODEOH /HV IHXLOOHV GH SURWHFWLRQ HW OHV UHP
ERXUUDJHV HQ PRXVVH VROLGH HQ SRUWHQW OD GpV
LJQDWLRQ /H PDWpULHO G·HPEDOODJH HW
pYHQWXHOOHPHQW O·DQFLHQ DSSDUHLO GRLYHQW rWUH
GpEDUUDVVpV FRQIRUPpPHQW DX[ QRUPHV HQ
XVDJH 9pULILH] VRLJQHXVHPHQW OHV SUHVFULS
WLRQV QDWLRQDOHV HW ORFDOHV HQ OD PDWLqUH DLQVL
TXH O·pWLTXHWDJH GHV PDWpULDX[ GpEDUUDVVpV
VpSDUDWLRQ GHV PDWLqUHV UpFROWH GHV DSSD
UHLOV XVDJpV OLHX[ GH GpEDUUDVVDJH $FFHVVRLUHV GH PRQWDJH SRXU OD FXLVLQLqUH
0DQFKRQ GH UDFFRUGHPHQW SRXU FDQDO G·pYDFXD
WLRQ
7rWHV HW FRXYHUFOHV SRXU OHV EUOHXUV
YLV SRXU OD IL[DWLRQ GH OD FXLVLQLqUH GDQV VRQ
ORJHPHQW
$FFHVVRLUHV GH PRQWDJH SRXU OD WDEOH FXLVVRQ
YLV SRXU OD IL[DWLRQ GH VXSSRUW GHV EUOHXUV
YLV SRXU OD IL[DWLRQ GH OD WDEOH GH FXLVVRQ SDU
OHV VXSSRUW GHV SRUWHFDVVHUROHV DYHF UDFFRU
GHPHQW DX FRQGXFWHXU GH SURWHFWLRQ
pFURXV FUDQWpV SRXU OD IL[DWLRQ DX[ VXSSRUWV GH
WDEOH GH FXLVVRQ
YLV SRXU WLUHU SODQ OD WDEOH GH FXLVVRQ VXU OH
UHYrWHPHQW
YLV SRXU OD IL[DWLRQ GHV EUOHXUV GX IR\HU
SRUWHFDVVHUROHV SRUWHSRrOHV
/D VpFXULWp HW OD SURWHFWLRQ FRQWUH WRXW FRQWDFW GRLYHQW
rWUH DVVXUpHV SDU XQ PRQWDJH FRUUHFW
/H SOXV JUDQG VRLQ GRLW rWUH pJDOHPHQW DSSRUWp DX
PRQWDJH GH OD SDURL DUULqUH GH O·DSSDUHLO FHOOHFL GH
YDQW UHVWHU SURWpJpH PrPH HQ FDV GH PRQWDJH j GLV
WDQFH GH OD SDURL
'HV DUPRLUHV HQFDVWUpHV GRLYHQW rWUH SODFpHV HW
IL[pHV HQ SRVLWLRQ VWDEOH
/H PHXEOH FRQWHQDQW OD FXLVLQLqUH HQFDVWUpH GH
PrPH TXH OHV UHYrWHPHQWV V\QWKpWLTXHV HW OHV FROOHV
GRLYHQW SRXYRLU VXSSRUWHU VDQV GDQJHU XQH WHPSpUD
WXUH G·DX PRLQV &
7RXW UHYrWHPHQW QH VXSSRUWDQW SDV OD WHPSpUDWXUH HW
WRXWH FROOH LQVXIILVDPPHQW LJQLIXJH SHXYHQW DPHQHU OD
GpIRUPDWLRQ HW OH GpFROOHPHQW GH O·HQWRXUDJH (Q FDV
GH GRXWH LO FRQYLHQW GH VH UHQVHLJQHU DXSUqV GX IDEUL
FDQW GX PHXEOH G·HQFDVWUHPHQW
7DEOH GH FXLVVRQ j JD] HQFDVWUDEOH
*.0 $YHF GHVVXV GH WDEOH HQ ERLV FDFKHWHU
OD FRXSH DYHF GX UXEDQ GH WLVVX HQ ILEUH
GH YHUUH SURWHFWLRQ WKHUPLTXH 'pFRXSDJH GH OD IHQrWUH SRXU OD QRXYHOOH FXLVL
QLqUH
&HWWH IHQrWUH GRLW rWUH FHQWUpH GDQV OD QLFKH TXL GRLW UH
FHYRLU O·DSSDUHLO
'pFRXSDJH GH OD IHQrWUH 9RLU OHV GLPHQVLRQV GDQV
OD ILJXUH FLFRQWUH
&DFKHWHU OD FRXSH FRQWUH O·KXPLGLWp DYHF GX YHUQLV DS
SURSULp
/D GLVWDQFH GH F{Wp GRLW rWUH G·DX PRLQV PP DYHF OD SDURL G·XQ PHXEOH pOHYp HW GH PP DX PRLQV DYHF OD SDURL GX IRQG
/D QLFKH GH OD FXLVLQLqUH GRLW rWUH IHUPpH GH
FKDTXH F{Wp HQWUH OD WDEOH GH FXLVVRQ HW OH UHV
WDQW GX PHXEOH
'DQV OH FDV GH UHFRXYUHPHQWV HQ ERLV OD VXU
IDFH GH FRXSH DX QLYHDX GX FDQDO G·pYDFXDWLRQ
GRLW rWUH UHYrWXH G·XQH EDQGH HQ WLVVX GH YHUUH
WH[WLOHDOX GH PP G·pSDLVVHXU DX PD[L
PXP HW FP GH ORQJXHXU DX PLQLPXP
'pFRXSDJH GH OD IHQrWUH DX PDUFKp GH UHFKDQJH
UpQRYDWLRQ
6ROXWLRQ SRXU GHV GpFRXSDJHV H[LVWDQWV
/HV GpFRXSDJHV GLIIpUHQWV DX PDUFKp GH UHFKDQJH
GRLYHQW rWUH UHYrWXV VHORQ OHV H[SOLFDWLRQV HW PHVXUHV
LQGLTXpHV GDQV OH WDEOHDX PHQWLRQQp FLGHVVRXV
6ZLVVOLQH
&XLVLQLqUH j JD]
HQFDVWUDEOH HW
WDEOH GH FXLVVRQ
VDQV
FDGUH G·DGDSWDWLRQ
6ZLVVOLQH
&XLVLQLqUH j JD]
HQFDVWUDEOH HW
WDEOH GH FXLVVRQ
DYDQW DYHF
FDGUH G·DGDSWDWLRQ
$5[
/RQJXHXU PP (SDLVVHXU PP
5
; PP
'pFRXSDJH
7DEOH UHYrWHPHQW
;
)DFH DYDQW GH OD FXLVL
QLqUH IURQW GX PHXEOH
)URQW GH O·DSSDUHLO
'pFRXSDJH GH OD WDEOH GH
FXLVVRQ GDQV OD UpVLQH
V\QWKpWLTXH HW OD SLHUUH
/DUJHXU
PP
3URIRQGHXU
PP
5
'pFRXSDJH GH OD WDEOH GH
FXLVVRQ GDQV OD UpVLQH
V\QWKpWLTXH HW OD SLHUUH
/DUJHXU
PP
3URIRQGHXU
PP
$UW 1U 6ZLVVOLQH
&XLVLQLqUH j JD]
HQFDVWUDEOH HQ
DFLHUV FKURPpV
HVWDPSpV HW DYHF
FDGUH G·DGDSWDWLRQ
$5[
$UW 1U 'pFRXSDJH GH OD WDEOH GH
FXLVVRQ GDQV GHV
UHYrWHPHQWV GH WDEOH HQ
DFLHU FKURPp
/DUJHXU
PP
3URIRQGHXU
PP
5
3
/
VHORQ LQVWUXFWLRQV VpSDUpV
SRXU OH GpFRXSDJH HW
PRQWDJH FLMRLQW DX FDGUH
G·DGDSWDWLRQ
5DFFRUGHPHQW GX JD]
/·DSSDUHLO TXL GRLW rWUH UDFFRUGp DX JD] QDWXUHO HW GpV
LJQp SDU XQH pWLTXHWWH SRVpH HQ XVLQH
'pFRXSDJH
GX IRQG
5pJOp SDU O·XVLQH VXU *D] QDWXUHO + PEDU
&HW DSSDUHLO SHXW rWUH XWLOLVp VDQV PRGLILFDWLRQ GDQV
WRXW OH GRPDLQH :REEH,QGH[ GH j N:KP
,O IDXW VHXOHPHQW SUHQGUH JDUGH DX IDLW TXH WRXWH PRGL
ILFDWLRQ GX UpJODJH RX GH O·pTXLSHPHQW QpFHVVLWH G·{WHU
O·pWLTXHWWH H[LVWDQWH HW GH OD UHPSODFHU SDU XQH QRX
YHOOH pWLTXHWWH WHFKQLTXH
/H UDFFRUGHPHQW SHXW rWUH IDLW GDQV OH FRPSDUWLPHQW
LQIpULHXU RX ODWpUDO GH OD FXLVLQLqUH
/H UDFFRUGHPHQW j O·DUULYpH GX JD] V·RSqUH DYHF XQ
WXEH IOH[LEOH GH VpFXULWp DGPLV SDU OHV JD]LHUV 69*:
'9*: g9*: FRPPH UDFFRUGHPHQW IL[H ORQ
JXHXU PLQLPDOH FP UDFFRUG * µ ILOHWDJH LQWp
ULHXU * µ $ [
1 &
&
3ODTXHWWH
VLJQDOpWLTXH
*D]
5HYrWHPHQW 'pFRXSDJH GX IRQG SRXU GHV WUDYDX[ GH UDFFRU
GHPHQW VDQV SUREOqPHV
*UDLVVHXU WXEXODLUH * µ GH PP j SDUWLU GX
VRO j IL[HU DYHF XQH EULGH
9DQQH GH FRXSXUH GX JD] * µ
W\SH &+ 5
5DFFRUGHPHQW GH OD FXLVLQLqUH DYHF ILOHWDJH H[
WHUQH * µ FRQLTXH
1LFKH PLQ $SSDUHLO 5
0RQWDJH GH OD FXLVLQLqUH
$ (QOHYHU RX UDEDWWUH OH IURQW GX PHXEOH GX FRP
SDUWLPHQW GH UDFFRUGHPHQW
3ODFHU OD FXLVLQLqUH GHYDQW OD QLFKH
1 ([DPLQHU VL OD QLFKH SRXU O·HQFDVWUHPHQW HW OH
GpFRXSDJH GX IRQG RQW OHV GLPHQVLRQV SUHVFUL
WHV
9LVVHU OH WX\DX j JD] KHUPpWLTXHPHQW j O·DSSD
UHLO DYHF OH ILOHW GH YLV SH DX FKDQYUH 5DFFRUGHU OH WX\DX j JD] j O·DOLPHQWDWLRQ HQ JD]
SDU O·RXYHUWXUH GH O·DSSDUHLO
3RXVVHU OD FXLVLQLqUH MXVTX·j FH TX·HOOH VH WURXYH
HQ SRVLWLRQ KRUL]RQWDOH HW HQ OLJQH DYHF OD IDoDGH
GHV PHXEOHV GH FXLVLQH )L[HU GHV GHX[ F{WpV
DYHF YLV GpWDLO & )DFH GpPRQWDEOH
pYHQWXHOOHPHQW YROHW
/RUV GH O·LQVHUWLRQ GH OD FXLVLQLqUH IDLUH DWWHQ
WLRQ j FH TXH OH WX\DX j JD] VRLW SRVp VDQV rWUH
WRUGX HW VDQV SOL
GpWDLO &
0RQWDJH GHV EUOHXUV
5HWLUHU OHV YLV GH IL[DWLRQ SRXU OH WUDQVSRUW j
JDXFKH HW j GURLWH GHV FRUQLqUHV 'pYLVVHU OHV YLV GH IL[DWLRQ GH OD WUDYHUVH
VXSSRUWDQW OHV EUOHXUV
0DLQWHQLU WRXWH O·XQLWp GHV EUOHXUV HW GpSODFHU
OHV FRUQLqUHV GHV GHX[ F{WpV YHUV O·H[WpULHXU
MXVTX·j FH TXH WRXWH O·XQLWp UHSRVH VXU OD WDEOH
UHYrWHPHQW
$OLJQHU O·XQLWp GX EUOHXU GDQV OD SURIRQGHXU GH
O·HQFDVWUHPHQW H[DFWHPHQW VHORQ O·LQGLFDWLRQ GHV
PHVXUHV GpFRXSDJH GH O·DUrWH DYDQW MXVTX·j
O·HQWDLOOH GDQV OHV FRUQLqUHV PP )L[HU
OHV FRUQLqUHV ODWpUDOHPHQW DX GHVVXV GH OD
WDEOH DYHF YLV $YHF UHYrWHPHQWV HQ SLHUUH OHV FRUQLqUHV GRLYHQW rWUH IL[pV DYHF GH OD FROOH VSpFLDOH SRXU
OD SLHUUH 3RXU FHOD YRXV SRXYH] FRPPDQGHU
O·DFFHVVRLUH QpFHVVDLUH HW OHV LQVWUXFWLRQV GH
PRQWDJH 1R $UW )L[HU OHV VXSSRUWV GH OD WDEOH GH FXLVVRQ j
O·DUULqUH GH OD WDEOH GH WUDYDLO j O·DLGH G·XQH YLV
)L[HU OHV pFURXV FUDQWpV GH FKDTXH F{Wp
HW j O·DUULqUH VXU OHV VXSSRUWV GH OD WDEOH GH
FXLVVRQ OHV pFURXV VRQW GDQV O·HPEDOODJH GH OD
WDEOH GH FXLVVRQ 3RVHU EULqYHPHQW OD WDEOH GH FXLVVRQ SRXU YpUL
ILHU VL OHV EUOHXUV VRQW ELHQ HQ SRVLWLRQ FHQWUpH
SDU UDSSRUW DX[ pFURXV FUDQWpV
5HYLVVHU GpILQLWLYHPHQW OHV YLV HW SODFHU OHV
pFURXV FUDQWpV YHUV O·H[WpULHXU VXU OD FRUQLqUH
PP
0RQWDJH GX FDQDO G·pYDFXDWLRQ GH OD
FKDOHXU GX IRXU
3DUPL OHV DFFHVVRLUHV OLYUpV VH WURXYH XQ HPERXW SRXU OH FDQDO GH VRUWLH GX IRXU &HWWH SLqFH GRLW rWUH IL[pH VXU OH FDQDO GH WHOOH PDQLqUH
TXH OD W{OH LVRODQWH GH OD IDFH DUULqUH VH WURXYH j KDX
WHXU GX SODWHDX GH OD WDEOH OD SDUWLH OD SOXV ORQJXH UHV
WDQW HQ GHVVRXV
6HORQ OD UpVLVWDQFH GH OD WDEOH LO IDXW IL[HU OHV DSSXLV
GH UDFFRUGHPHQW j O·DLGH GH YLV GDQV OHV WURXV VXSp
ULHXUV HW LQIpULHXUV VLWXpV DX PLOLHX GH OD IDFH DYDQW
GX FDQDO G·pYDFXDWLRQ
/H FDQDO G·pYDFXDWLRQ GRLW HQ DXFXQ GpSDVVHU
OH UHYrWHPHQW PD[ PP RX GRLW rWUH PLQ HQ
FRQWDFW DYHF OH ERUG GX UHYrWHPHQW
0RQWDJH GH OD WDEOH GH FXLVVRQ *.0 3RVHU OD WDEOH GH FXLVVRQ FHQWUp VXU OHV EUOHXUV
GHV IR\HUV
9LVVHU OD WDEOH GH FXLVVRQ j O·DLGH GH YLV SDV
VDQW GDQV OHV WURXV GH IL[DWLRQ HW SpQpWUDQW GDQV
OHV pFURXV FUDQWpV UHVSHFWLIV
6723
/HV EUOHXUV GRLYHQW rWUH SODFpV VDQV SUHV
VLRQ GDQV OHV RXYHUWXUHV GH OD WDEOH GH FXLV
VRQ DYHF XQH OpJqUH SUHVVLRQ YHUV OH KDXW
9LVVHU FKDTXH EUOHXU j OD WDEOH GH FXLVVRQ DYHF
YLV FKDFXQ
9LVVHU DX[ FRUQLqUHV ODWpUDOHV GHV GHX[ F{WpV
DYHF YLV FKDFXQ j WUDYHUV OHV VXSSRUWV RYDOHV
SRXU OHV SRUWHFDVVHUROHV
/HV YLV GRLYHQW rWUH VHUUpHV IRUWHPHQW &·HVW
DLQVL TXH OH UDFFRUGHPHQW GX FRQGXFWHXU GH
SURWHFWLRQ HVW DVVXUp
0RQWHU HQVXLWH OD SDUWLH VXSpULHXUH GHV EUOHXUV
OHV FRXYHUFOHV GHV EUOHXUV HW OH SRUWHFDVVHUR
OHV
0HWWUH O·DSSDUHLO HQ VHUYLFH HW HIIHFWXHU OH
FRQWU{OH FRPSOHW GHV IRQFWLRQV
3XLVVDQFH GHV EUOHXUV HW GLDPqWUH GHV LQMHFWHXUV
*D] QDWXUHO +
*D] OLTXpILH %3
0-P
S PEDU
:V
N: +6
N: +L
,Q
® PP
N: +6
N: +L
,Q
® PP
/H IR\HU
DYDQW JDXFKH
41
/H IR\HU
DUULqUH JDXFKH
41
/H IR\HU
DUULqUH GURLW
41
/H IR\HU
DYDQW GURLW
41
)RXU
41
'LDPqWUH GHV WURXV GDQV OHV LQMHFWHXUV HQ PP
*HQUH GH JD]
%UOHXU
G IRXU
GX
I
,Q
PP
*D] QDWXUHO
%UOHXU GX IR\HU
DYDQW JDXFKH
,Q
® N: +6
PP
DUULqUH JDXFKH
,Q
® N: +6
PP
DUULqUH GURLW
,Q
® N: +6
PP
DYDQW GURLW
,Q
® N: +6
PP
( PEDU
*D] OLTXpILp PEDU
(Q FDV GH FRQYHUVLRQ DX JD] OLTXLGH LO HVW QpFHVVDLUH GH FROOHU O·pWLTXHWWH FRUUHVSRQGDQWH VXU OD SODTXH VL
JQDOpWLTXH (Q UHYHQDQW DX JD] QDWXUHO OHV LQMHFWHXUV DVVXUDQW OH SOHLQ IHX HW FHX[ GX SHWLW IHX DLQVL TXH
OD YLV GH UpJODJH GH O·DLU SULPDLUH GRLYHQW rWUH GH QRXYHDX YHUURXLOOpV
'RQQpHV WHFKQLTXH *+ / = 6
'LPHQVLRQV H[WpULHXUHV
+DXWHXU
FP
/DUJHXU
FP
3URIRQGHXU
FP
3URIRQGHXU PD[ DYHF SRUWH RXYHUWH
FP
'LPHQVLRQV LQWpULHXUHV GX IRXU
+DXWHXU
FP
/DUJHXU
FP
3URIRQGHXU
FP
9ROXPH
O
3RLGV WRWDO QHWWR
NJ
&RQVRPPDWLRQ pOHFWULTXH
&KDXIIDJH FRQYHQWLRQQHO
:
%UOHXU GX IR\HU
+V
+L
$YDQW JDXFKH EUOHXU UDSLGH
PP N:
N:
$UULqUH JDXFKH EUOHXU QRUPDO
PP N:
N:
$YDQW GURLW EUOHXU UDSLGH
PP N:
N:
$UULqUH GURLW EUOHXU j U{WLVVDJH PP N:
N:
9DOHXUV WRWDOHV GH UDFFRUGHPHQW
*D] +V
: JK
*D] +L
: JK
9HXLOOH] LQVFULUH GDQV FH FDGUH OHV GRQQpHV GH OD SODTXH VLJQDOpWLTXH GH YRWUH DSSDUHLO
9RXV WURXYHUH] OD SODTXH VLJQDOpWLTXH j GURLWH VXU OH FDGUH GX IRXU VL OD SRUWH HVW RXYHUWH
9HXLOOH] WRXMRXUV LQGLTXHU FHV
GRQQpHV VL
YRXV GHPDQGH] O·LQWHUYHQWLRQ GX
VHUYLFH DSUqVYHQWH
YRXV FRPPDQGH] GHV SLqFHV GH
UHFKDQJH RX GHV DFFHVVRLUHV
YRXV DYH] GHV TXHVWLRQV
WHFKQLTXHV
(OHFWUROX[
69*:
&+ ,, + %3 PEDU
%XWDQ JK
4Q +V N:
4Q +L N:
7\S +(* 3URGQU
6HULH1U
0RG *+ / = 6
.XQGHQGLHQVW 6HUYLFH DSUqVYHQWH 6HUYL]LR GRSR YHQGLWD
6HUYLFHVWHOOHQ
3RLQWV GH VHUYLFH
6HUYL]LR GRSR YHQGLWD
=ULFK0lJHQZLO
0lJHQZLO
,QGXVWULHVWU 3UpYHUHQJHV
/H 7UpVL *UDQFLD
=RQD ,QGXVWULDOH (
6FKlQLV
%LOWQHUVWUDVVH
5pFK\
5RXWH GH *U{QH
*RVVDX
3RVWVWUDVVH 3UDWWHOQ
5KHLQSDUN&HQWHU
1HW]LERGHQVWUE
:LQWHUWKXU
%UJOLVWUDVVH 6HUYLFH+HOSOLQH
(PPHQ
%XKRO]VWUDVVH &KXU
&RPHUFLDOVWUDVVH ,WWLJHQ%HUQ
(\ (UVDW]WHLOYHUNDXI
0lJHQZLO
,QGXVWLHVWUDVVH 3RLQW GH YHQWH GH UHFKDQJH
0lJHQZLO
,QGXVWULHVWUDVVH 9HQGLWD SH]]L GL ULFDPELR
0lJHQZLO
,QGXVWULHVWUDVVH 7HO 7pO 7HO .RFKEHUDWXQJ 9HUNDXI
'pPRQVWUDWLRQ 9HQWH
&RQVXOHQWH FXFLQD 9HQGLWD
=ULFK
%DGHQHUVWUDVVH =ULFK
%DGHQHUVWUDVVH =ULFK
%DGHQHUVWUDVVH 7HO 7pO 7HO *DUDQWLH
:LU JHZlKUHQ DXI DOOHQ 3URGXNWHQ
GLH LQ GHU 6FKZHL] JHNDXIW XQG LQ
%HWULHE VLQG HLQH HLQMlKULJH 9ROO
*DUDQWLH JHUHFKQHW DE /LHIHU
GDWXP DQ GHQ (QGYHUEUDXFKHU
0DVVJHEHQG IU GHQ *DUDQWLH
DQVSUXFK LVW GLH )DNWXUD RGHU HLQ
HQWVSUHFKHQGHU 9HUNDXIVEHOHJ
*DUDQWLH
*DUDQ]LD
/·XWLOLVDWHXU ILQDO GH WRXW SURGXLW
3HU TXHVWR SURGRWWR FRQFHGLDPR
DFKHWp HW XWLOLVp HQ 6XLVVH EpQpILFLH XQD JDUDQ]LD GL PHVL D SDUWLUH
G·XQH JDUDQWLH FRPSOqWH G·XQH
GHOOD GDWD GL YHQGLWD /D JDUDQ]LD
DQQpH j SDUWLU GH OD GDWH GH OLYUDLVRQ q YDOLGD GLHWUR SUHVHQWD]LRQH
/D IDFWXUH RX OH MXVWLILFDWLI G·DFKDW
GHOOD IDWWXUD R GHOOR VFRQWULQR
FRUUHVSRQGDQW IDLW IRL HQ OD PDWLqUH G·DFTXLVWR
(/(&752/8; $*
%DGHQHUVWUDVVH &+ =h5,&+
. E\ (OHFWUROX[
7HO )D[ 7HOH[ ">
Link pubblico aggiornato
Il link pubblico alla tua chat è stato aggiornato.