*(%5$8&+6$1:(,681*
02'( '·(03/2,
,6758=,21, 3(5 /·862
*ODVNHUDPLNNRFKIHOG
3ODQ GH FXLVVRQ YLWURFpUDPLTXH
3LDQR GL FRWWXUD LQ YHWURFHUDPLFD
*. *6 5
'LÀVI GPMIRXI GLIV GPMIRX
1RXV YRXV UHPHUFLRQV G·DYRLU FKRLVL XQH WDEOH GH FXLV
VRQ YLWURFpUDPLTXH 7+(50$ $YHF FH SURGXLW YRXV
DYH] RSWp SRXU O·LQQRYDWLRQ OD TXDOLWp HW OD GXUDELOLWp
&H PDQXHO G·XWLOLVDWLRQ YRXV SHUPHW GH IDLUH SURJUHVVL
YHPHQW FRQQDLVVDQFH DYHF YRWUH WDEOH GH FXLVVRQ YL
WURFpUDPLTXH HW G·HQ H[SORLWHU WRXWHV OHV SRVVLELOLWpV
GH PDQLqUH RSWLPDOH $YDQW GH SURFpGHU j OD SUHPLqUH
PLVH HQ VHUYLFH QRXV YRXV SULRQV GH OLUH DWWHQWLYHPHQW
OH FKDSLWUH ©5qJOHV GH VpFXULWp LPSRUWDQWHVª
1RXV YRXV UHFRPPDQGRQV GH FRQVHUYHU OH PDQXHO
G·XWLOLVDWLRQ j SUR[LPLWp GH OD WDEOH GH FXLVVRQ DILQ TXH
YRXV O·D\H] LPPpGLDWHPHQW VRXV OD PDLQ HQ FDV G·LQ
FHUWLWXGH
$SUHV YRXV DYH] SULV FRQQDLVVDQFH GX PRGH G·HPSORL
QRXV YRXV SULRQV GH UHQYR\HU OD FDUWH GH JDUDQWLH UHPSOLH
OH VHUYLFH DSUqVYHQWH j 0lJHQZLO
&HW DSSDUHLO HVW FRQIRUPH
DX[ GLUHFWLYHV &(( &(( &(( &(( *
-RLEPXWZIV^IMGLRMW
5qJOHV GH VpFXULWp LPSRUWDQWHV /D WDEOH GH FXLVVRQ YLWURFpUDPLTXH j HQFDVWUHU $YDQW OD SUHPLqUH XWLOLVDWLRQ /·XWLOLVDWLRQ GX SODQ GH FXLVVRQ /D EDWWHULH GH FXLVLQH DSSURSULpH 1HWWR\DJH HW VRLQV 4XH IDLUH HQ FDV GH GpIHFWXRVLWp" &DUDFWpULVWLTXHV WHFKQLTXHV ,QVWUXFWLRQV G·LQVWDOODWLRQ 6HUYLFH DSUqVYHQWH 7KHUDP3KRQ /D VpFXULWp DX QLYHDX pOHFWULTXH 8WLOLVDWLRQ HW PDQLSXODWLRQ 1HWWR\DJH (OLPLQDWLRQ 9XH GH GHVVXV GH O·DSSDUHLO 1HWWR\DJH LQLWLDO &KDXIIDJH LQLWLDO 6XUIDFH GH FXLVVRQ YLWURFpUDPLTXH (QFOHQFKHPHQWGpFOHQFKHPHQW HW UpJXODWLRQ =RQH GH FXLVVRQ j GHX[ FLUFXLWV ,QGLFDWHXU GH FKDOHXU UpVLGXHOOH &RQVRPPDWLRQ G·pQHUJLH MXGLFLHXVH &DVVHUROHV HW SRrOHV 1HWWR\HU DSUqV FKDTXH XWLOLVDWLRQ (OLPLQHU OHV WDFKHV *. *6 5 'pEDOODJH (PEDOODJH (QFDVWUHPHQW GDQV XQ SODQ GH WUDYDLO GH FXLVLQH &RWHV GH PRQWDJH 0RQWDJH GDQV OH ODYD RX OD SLHUUH 'HPRQWDJH GX WDEOH YLWURFpUDPLTXH 5DFFRUGHPHQW pOHFWULTXH 9HQWR GHV SLqFHV GH UHFKDQJH *DUDQWLH 6ÀKPIW HI WÃGYVMXÃ MQTSVXERXIW
9HXLOOH] YRXV IDPLOLDULVHU DYHF OH PDQXHO G·XWLOLVD
WLRQ DYDQW G·XWLOLVHU OD WDEOH GH FXLVVRQ SRXU OD
SUHPLqUH IRLV 9HXLOOH] HQ SDUWLFXOLHU REVHUYHU OHV
FRQVHLOV GH VpFXULWp PDUTXpV G·XQ
9XMPMWEXMSR IX
QERMTYPEXMSR
9RXV pYLWHUH] DLQVL TX·LO \ DLW GHV GRPPDJHV DXVVL
ELHQ VXU OHV SHUVRQQHV TXH VXU OD WDEOH GH FXLVVRQ
&RQVHUYH] VRLJQHXVHPHQW FH PDQXHO G·XWLOLVD
WLRQ HW WUDQVPHWWH]OH OH FDV pFKpDQW DX SURFKDLQ XWL
OLVDWHXU
(PSrFKH] TXH OHV SHWLWV HQIDQWV SXLVVHQW WRXFKHU OHV
]RQHV GH FXLVVRQ YLWURFpUDPLTXHV ORUVTXH FHOOHVFL
IRQFWLRQQHQW '·XQH PDQLqUH JpQpUDOH LOV GHYUDLHQW
rWUH WHQXV j O·pFDUW GHV IR\HUV DLQVL TXH GHV FDVVHUROHV
HW GHV SRrOHV /HV HQIDQWV SHXYHQW pJDOHPHQW VH EU
OHU HQ IDLVDQW WRPEHU XQH FDVVHUROH RX XQH SRrOH
9RWUH DSSDUDLO D pWp FRQoX SRXU XQ XVDJH FXOLQDLUH XQL
TXHPHQW j O·H[FOXVLRQ G·DXWUHV ILQV ,O HVW FRQIRUPH
DX[ SUHFULSWLRQV GH VpFXULWp HW DX[ QRUPHV GH TXDOLWp
LQWHUQDWLRQDOHV /HV PHVXUHV GH VpFXULWp H[LVWDQWHV
Q·H[FOXHQW SDU OHV ULVTXHV G·DFFLGHQW
0E WÃGYVMXÃ EY RMZIEY
ÃPIGXVMUYI
/·DSSDUHLO GRLW rWUH UDFFRUGp SDU XQ LQVWDOODWHXU
pOHFWULFLHQ TXDOLILp 3RXU DVVXUHU OD VpFXULWp DX QL
YHDX pOHFWULTXH OHV DSSDUHLOV j HQFDVWUHU GRLYHQW
rWUH PRQWpV GDQV GHV DUPRLUHV SRXU pOpPHQWV j
HQFDVWUHUSODQV GH WUDYDLO DSSURSULpV HW FRQIRU
PHV DX[ QRUPHV
1·XWLOLVH] OD WDEOH GH FXLVVRQ TXH VHXOHPHQW ORUVTXH
FHOOHFL DXUD pWp LQVWDOOpH 9RXV VHUH] DLQVL DVVXUp GH
QH SDV WRXFKHU DFFLGHQWHOOHPHQW GHV FRPSRVDQWV
pOHFWULTXHV
/D WDEOH GH FXLVVRQ YLWURFpUDPLTXH j HQFDVWUHU QH SHXW
rWUH FRPELQpH TX·DYHF GHV IRXUV HQFDVWUDEOHV GHV Up
FKDXGV HQFDVWUDEOHV GHV ERvWHV GH FRPPDQGH HQ
FDVWUDEOHV RX DYHF XQH FRPPDQGH pOHFWURQLTXH DX
PR\HQ GX V\VWqPH GH FRQQH[LRQ VSpFLDO FkEOH DGDS
WDWHXU YRLU LQVWUXFWLRQV G·LQVWDOODWLRQ 2EVHUYH] pJD
OHPHQW OHV LQGLFDWLRQV GDQV OH PDQXHO G·LQVWDOODWLRQ HW
G·XWLOLVDWLRQ ,O Q·HVW SDV SHUPLV GH UDFFRUGHU GHV WDEOHV GH FXLVVRQ
HQGRPPDJpHV TXL SUpVHQWHQW GHV ILVVXUHV RX GHV
FDVVXUHV VXU OD VXUIDFH YLWURFpUDPLTXH
3RXU GHV UDLVRQV GH VpFXULWp OHV UpSDUDWLRQV VXU O·DS
SDUHLO HQ SDUWLFXOLHU VXU OHV pOpPHQWV FRQGXFWHXUV GH
FRXUDQW QH SHXYHQW rWUH HIIHFWXpHV TXH SDU GHV VSp
FLDOLVWHV pOHFWULFLHQV RX GHV WHFKQLFLHQV IRUPpV GX VHU
YLFH DSUqVYHQWH VLQRQ LO SRXUUDLW HQ UpVXOWHU GHV ULV
TXHV LPSRUWDQWV SRXU O·XWLOLVDWHXU (Q FDV GH
GpUDQJHPHQW DGUHVVH]YRXV GLUHFWHPHQW j QRWUH
VHUYLFH DSUqVYHQWH
/HV FKDPSV GH FXLVVRQ GHYLHQQHQW UDSLGHPHQW
FKDXGV GqV TX·LOV VRQW DOOXPpV &·HVW SRXUTXRL YRXV QH
GHYH] OHV HQFOHQFKHU TX·DSUqV DYRLU PLV GHVVXV XQ Up
FLSLHQW GH FXLVVRQ $LQVL YRXV pYLWH] pJDOHPHQW GH
JDVSLOOHU GH O·pQHUJLH
(Q FDV GH PDQRHXYUHV LQDWWHQWLYHV LO \ D ULVTXH GH
EUOXUH VXU OHV ]RQHV GH FXLVVRQ
(Q FDV GH FRXSXUH GH FRXUDQW WRXV OHV UpJODJHV HW DIIL
FKHXUV VRQW HIIDFpV 'qV TXH OH FRXUDQW HVW UHYHQX OD
SUXGHQFH V·LPSRVH FDU OHV SODTXHV FKDXIIpHV DYDQW OD
SDQQH GH FRXUDQW QH VRQW SOXV VDLVLHV SDU O·DIILFKHXU
6L YRXV XWLOLVH] XQH SULVH GH FRXUDQW j SUR[LPLWp GX
FKDPS GH FXLVVRQ YHLOOH] j FH TXH OH FkEOH GH O·DSSD
UHLO pOHFWULTXH QH YLHQQH SDV WRXFKHU OH IR\HU
1·HQFOHQFKH] OHV ]RQHV GH FXLVVRQ TXH ORUVTX·XQH
FDVVHUROH RX XQH SRrOH VH WURXYH GHVVXV /HV UpFL
SLHQWV GH FXLVVRQ HW OHV IRQGV GH UpFLSLHQW GH FXLVVRQ
GRLYHQW rWUH VHFV HW SURSUHV
/HV ]RQHV GH FXLVVRQ VH GpWpULRUHQW VL HOOHV VRQW XWLOL
VpHV VDQV UpFLSLHQW GH FXLVVRQ RX DYHF UpFLSLHQW YLGH
RX VL RQ XWLOLVH GHV UpFLSLHQWV LQDSSURSULpV SDU H[
DYHF XQ IRQG GpIRUPp RX D\DQW XQ WURS SHWLW GLDPqWUH
1H SDV FRQVHUYHU GH SURGXLWV VHQVLEOHV j OD WHPSpUD
WXUH RX LQIODPPDEOHV SDU H[ SURGXLWV GH QHWWR\DJH
ERPEHV GH VSUD\ GDQV OH WLURLU RX OHV FDVLHUV VLWXpV
VRXV O·DSSDUHLO j HQFDVWUHU
/H SODQ GH FXLVVRQ QH GRLW SDV rWUH XWLOLVp FRPPH VXU
IDFH GH GpS{W RX GH WUDYDLO
/RUVTXH YRXV WUDYDLOOH] DYHF GHV KXLOHV RX GHV JUDLV
VHV LO QH IDXGUDLW SDV ODLVVHU OH FKDPS GH FXLVVRQ VDQV
VXUYHLOODQFH HQ UDLVRQ GX ULVTXH G·LQFHQGLH
1·XWLOLVH] SDV GH UpFLSLHQWV HQ PDWLqUH V\QWKpWLTXH RX
HQ IHXLOOH G·DOXPLQLXP &HX[FL IRQGHUDLHQW DX[ WHP
SpUDWXUHV pOHYpHV HW SRXUUDLHQW HQGRPPDJHU OD SOD
TXH YLWURFpUDPLTXH
/H VXFUH VRXV IRUPH VROLGH RX OLTXLGH DLQVL TXH OHV
PDWLqUHV V\QWKpWLTXHV QH GRLYHQW SDV SDUYHQLU VXU OH
FKDPS GH FXLVVRQ FKDXG /RUV GX UHIURLGLVVHPHQW
GHV ILVVXUHV RX GHV FDVVXUHV SRXUUDLHQW VH IRUPHU VXU
OD SODTXH YLWURFpUDPLTXH 6L GX VXFUH RX GHV PDWLqUHV
V\QWKpWLTXHV GHYDLHQW SDU LQDGYHUWDQFH SDUYHQLU VXU OH
FKDPS GH FXLVVRQ FKDXG Q·DUUrWH] FHOXLFL HQ DXFXQ
FDV HW pOLPLQH] SOXW{W OHV UpVLGXV GH VXFUH RX GH PD
WLqUH V\QWKpWLTXH DX PR\HQ G·XQ UDFORLU VSpFLDO 3URWp
JH] YRWUH PDLQ GHV EUOXUHV
1·XWLOLVH] VXU OHV FKDPSV GH FXLVVRQ YLWURFpUDPLTXHV
TXH GHV UpFLSLHQWV GH FXLVVRQ j IRQG SODW Q·D\DQW QL
ERUG QL DUrWHV 'DQV OH FDV FRQWUDLUH LO SRXUUDLW \ DYRLU
GHV UDLQXUHV LUUpPpGLDEOHV
/D VXUIDFH GH FXLVVRQ YLWURFpUDPLTXH UpVLVWH DX[
FKRFV WKHUPLTXHV (OOHV HVW LQVHQVLEOH DXVVL ELHQ DX
IURLG TX·DX FKDXG (YLWH] WRXWHIRLV GH ODLVVHU WRPEHU
GHV REMHWV VXU OH FKDPS GH FXLVVRQ 8Q FKRF G j XQH
IRUPH SRLQWXH FRPPH SDU H[HPSOH OD FKXWH G·XQ IOD
FRQ GH FRQGLPHQWV SHXW GDQV GHV FDV GpIDYRUDEOHV
SURYRTXHU GHV ILVVXUHV RX GHV pFODWV GDQV OD SODTXH
YLWURFpUDPLTXH
2IXXS]EKI
'XUDQW OH QHWWR\DJH DXFXQ pOpPHQW GH FKDXIIH QH GRLW
rWUH PLV VRXV WHQVLRQ 9HLOOH] j FH TXH OHV ]RQHV GH
FXLVVRQ VH VRLHQW VXIILVDPPHQW UHIURLGLHV TX·DSUqV
O·H[WLQFWLRQ GX WpPRLQ GH FKDOHXU UpVLGXHOOH SRXU TXH
YRXV SXLVVLH] OHV WRXFKHU VDQV ULVTXH
7HQH] OD VXUIDFH YLWURFpUDPLTXH WRXMRXUV SURSUH
3RXU GHV UDLVRQV GH VpFXULWp DX QLYHDX pOHFWULTXH LO
Q·HVW SDV SHUPLV G·XWLOLVHU SRXU OH QHWWR\DJH GHV DSSD
UHLOV GH QHWWR\DJH j YDSHXU RX j KDXWH SUHVVLRQ
)PMQMREXMSR
9HXLOOH] pOLPLQHU FRUUHFWHPHQW OHV DQFLHQV DS
SDUHLOV 2EVHUYH] VYS OHV UpJOHPHQWDWLRQV
QDWLRQDOHV HW UpJLRQDOHV HW UHVSHFWH] OH PDU
TXDJH GHV PDWpULDX[ VpSDUDWLRQ GHV PDWp
ULDX[ FROOHFWH GHV GpFKHWV GpS{WV SRXU PDWp
ULDX[ GH YDOHXU /HV DOLPHQWV GpERUGDQWV ORUV GH OD FXLVVRQ SHXYHQW
SDUYHQLU j WUDYHUV OHV HQGURLWV GpIHFWXHX[ MXVTX·DX[
SDUWLHV FRQGXFWULFHV GH FRXUDQW GX FKDPS GH FXLVVRQ
/RUVTXH GHV IrOXUHV pFODWV RX ILVVXUHV DSSDUDLVVHQW
VXU YRWUH WDEOH YLWURFpUDPLTXH DUUrWH] LPPpGLDWH
PHQW OH FKDPS GH FXLVVRQ HW FRXSH] O·DSSDUHLO GX Up
VHDX 3RXU FHOD GpFOHQFKH] OH FRXSHFLUFXLW RX UHWLUH]
OD SULVH GH FRXUDQW HW DYLVH] HQVXLWH OH VHUYLFH DSUqV
YHQWH
6XLYH] OHV LQVWUXFWLRQV UHODWLYHV DX[ VRLQV HW DX QHW
WR\DJH GH OD SODTXH YLWURFpUDPLTXH 1RXV GpFOLQRQV
WRXWH UHVSRQVDELOLWp HQ FDV GH WUDLWHPHQW LQDSSURSULp
$SUqV O·XWLOLVDWLRQ FRQWU{OH] VL O·DSSDUHLO D pWp PLV KRUV
WHQVLRQ 7RXV OHV ERXWRQV WRXUQDQWV GRLYHQW VH WURXYHU
VXU OD SRVLWLRQ $55(7
6723
6WRS
&H V\PEROH UHQG DWWHQWLI VXU GH JUDYHV GDQJHUHV GH EOHVVXUH ,O IDXW LPSpUDWLYHPHQW HQ WHQLU FRPSWH
$WWHQWLRQ
&H V\PEROH LQGLTXH XQ LQIRUPDWLRQ GRQW O·LQREVHUYDWLRQ SHXW FRQGXLUH j OD PLVH HQ SpULO GH SHUVRQQHV HWRX
FDXVHU GHV GRPPDJHV PDWpULHOV LPSRUWDQWV &HV FRQVLJQHV GH VpFXULWp GRLW rWUH DEVROXPHQW UHVSHFWpHV
,QGLFDWLRQ
&H V\PEROH UHQYRLH j XQH LQIRUPDWLRQ FRPSUHQDQW GHV UHQVHLJQHPHQWV LPSRUWDQW UHODWLIV j O·XWLOLVDWLRQ GH
O·DSSDUHLO /D QRQREVHUYDWLRQ GH FHOXLFL SHXW SURYRTXHU GHV GpUDQJHPHQWV
0E XEFPI HI GYMWWSR ZMXVSGÃVEQMUYI Æ
IRGEWXVIV
:YI HI HIWWYW HI
P ETTEVIMP
=RQHV GH FXLVVRQ
=RQH GH FXLVVRQ
j GHX[ FLUFXLWV
[ PP :
=RQH GH FXLVVRQ
PP
:
=RQH GH FXLVVRQ
PP
:
=RQH GH FXLVVRQ
PP
:
7pPRLQV GH FKDOHXU UpVLGXHOOH
3ODTXH YLWURFpUDPLTXH
%ZERX PE TVIQMÀVI YXMPMWEXMSR
2IXXS]EKI MRMXMEP
3RXU pOLPLQHU G·pYHQWXHOOHV WUDFHV GH IDEULFDWLRQ OD
WDEOH GH FXLVVRQ GRLW rWUH QHWWR\pH DYDQW O·XWLOLVDWLRQ
/DYHU OD VXUIDFH YLWURFpUDPLTXH HW OH FDGUH j O·HDX
FKDXGH DYHF GX SURGXLW GH ODYDJH HW XQ FKLIIRQ QH UD\
DQW SDV SXLV HVVX\HU MXVTX·j FH TX·LOV VRLHQW VHFV
'LEYJJEKI MRMXMEP
&RQWU{OHU FKDTXH ]RQH GH FXLVVRQ HQ OHV HQFOHQFKDQW
EULqYHPHQW O·XQH DSUqV O·DXWUH
/RUV GH OD SUHPLqUH XWLOLVDWLRQ LO SHXW \ DYRLU XQ
OpJHU GpJDJHPHQW G·RGHXU
0 YXMPMWEXMSR HY TPER HI GYMWWSR
7YVJEGI HI GYMWWSR ZMXVSGÃVEQMUYI
/D VXUIDFH GH FXLVVRQ VH FRPSRVH G·XQH YLWURFpUDPL
TXH pSURXYpH /D VXUIDFH HVW H[HPSWH GH SRURVLWpV HW
GH VXUFURLW LQVHQVLEOH DX[ YDULDWLRQV UDSLGHV GH WHP
SpUDWXUH 3DU FRQVpTXHQW OHV FDVVHUROHV SHXYHQW rWUH
GpSODFpHV G·XQH ]RQH FKDXGH j XQH ]RQH IURLGH
8Q URQURQQHPHQW DXGLEOH EUHI SHXW VXUYHQLU GDQV OH
FRUSV GH FKDXIIH j O·HQFOHQFKHPHQW GHV ]RQHV GH
FXLVVRQ &H EUXLW HVW G j GHV UDLVRQV SK\VLTXHV ,O Q·D
DXFXQH UpSHUFXVVLRQ QpJDWLYH VXU OH IRQFWLRQQHPHQW
GH O·DSSDUHLO HW GLVSDUDLW GqV TXH OD ]RQH GH FXLVVRQ
HVW VXIILVDPPHQW FKDXGH
7HQH] j O·pFDUW GH OD VXUIDFH GH FXLVVRQ WRXV
OHV REMHWV HW PDWpULDX[ SRXYDQW IRQGUH SDU H[
OHV PDWLqUHV V\QWKpWLTXHV OHV IHXLOOHV G·DOX RX
IHXLOOHV GH VROH
/D SUXGHQFH V·LPSRVH SRXU OHV SUpSDUDWLRQV DX VXFUH
RX SRXU OHV DOLPHQWV HW OLTXLGHV FRQWHQDQW GX VXFUH 6L
TXHOTXH FKRVH D pWp UpSDQGX SDU LQDGYHUWDQFH VXU OD
VXUIDFH YLWURFpUDPLTXH FHOD GHYUD rWUH LPPpGLDWH
PHQW QHWWR\p SHQGDQW TXH F·HVW HQFRUH FKDXG DX PR\HQ G·XQ UDFORLU GH QHWWR\DJH SXLV HVVX\p SUR
SUHPHQW SRXU pYLWHU G·HQGRPPDJHU OD VXUIDFH
)RGPIRGLIQIRX
HÃGPIRGLIQIRX IX VÃ
KYPEXMSR
/HV ]RQHV GH FXLVVRQ VRQW HQFOHQFKpHV GpFOHQFKpHV
RX UpJXOpHV DX PR\HQ GHV UpJXODWHXUV G·pQHUJLH
PRQWpV VXU XQ IRXU HQFDVWUDEOH XQ UpFKDXG HQFDVWUD
EOH RX XQH ERvWH GH FRPPDQGH HQFDVWUDEOH RX DX
PR\HQ G·XQH FRPPDQGH pOHFWURQLTXH
>SRI HI GYMWWSR Æ HIY\ GMVGYMXW
/D ]RQH GH FXLVVRQ GHUULqUH JDXFKH HVW pTXLSpH GH
GHX[ FLUFXLWV GH FKDXIIH /H SHWLW FLUFXLW GH FKDXIIH SHXW
rWUH HQFOHQFKp VpSDUpPHQW GX JUDQG FLUFXLW GH FKDXIIH
RX HQ SDUDOOqOH DYHF FHOXLFL
9HXLOOH] REVHUYHU OHV LQVWUXFWLRQV GDQV OH PDQXHO
G·XWLOLVDWLRQ VpSDUp
)RXU HQFDVWUDEOH UpFKDXG HQFDVWUDEOH ERvWH GH FRP
PDQGH HQFDVWUDEOH RX FRPPDQGH pOHFWURQLTXH
-RHMGEXIYV HI GLEPIYV VÃWMHYIPPI
/·LQGLFDWHXU GH FKDOHXU UpVLGXHOOH HVW FRPSRVp GH YR\DQWV VH WURXYDQW HQWUH OHV ]RQHV GH FXLVVRQ
DYDQW &HX[FL V·DOOXPHQW TXDQG OD WHPSpUDWXUH GHV
]RQHV GH FXLVVRQ HQFOHQFKpHV DXJPHQWH HW VLJQDOHQW
OH ULVTXH G·XQ FRQWDFW LUUpIOpFKL 0rPH ORUVTXH OD ]RQH
GH FXLVVRQ D pWp PLVH KRUV WHQVLRQ OH YR\DQW FRUUHV
SRQGDQW QH V·pWHLQW TXH ORUVTX·LO Q·\ D SOXV GH ULVTXH GH
EUOXUH j HQYLURQ R& R& ,QGLFDWHXU GH FKDOHXU UpVLGXHOOH
0E FEXXIVMI HI GYMWMRI ETTVSTVMÃI
'SRWSQQEXMSR H ÃRIVKMI NYHMGMIYWI
3RXU pFRQRPLVHU GH O·pQHUJLH YRXV GHYULH] Q·XWLOLVHU TXH GHV UpFLSLHQWV GH FXLVVRQ HW GH IULWXUH
DX IRQG OLVVH HW SODW
WRXMRXUV GpSRVHU OHV FDVVHUROHV HW SRrOHV VXU OD
]RQH GH FXLVVRQ DYDQW GH O·HQFOHQFKHU
GDQV OD PHVXUH GX SRVVLEOH WRXMRXUV IHUPHU OHV
FDVVHUROHV RX OHV SRrOHV DX PR\HQ GX FRXYHUFOH
GpFOHQFKHU OD ]RQH GH FXLVVRQ TXHOTXHV PLQXWHV
DYDQW OD ILQ GH OD FXLVVRQ DILQ G·XWLOLVHU OD FKDOHXU
UpVLGXHOOH
XWLOLVHU OD FKDOHXU UpVLGXHOOH GHV ]RQHV GH FXLVVRQ
SRXU WHQLU DX FKDXG OHV DOLPHQWV RX IDLUH IRQGUH
3RVHU OHV FDVVHUROHV RX OHV SRrOHV DX FHQWUH
'EWWIVSPIW IX TSÂPIW
/HV FDVVHUROHV HW OHV SRrOHV QH GRLYHQW SDV rWUH SOXV
SHWLWHV TXH OD ]RQH GH FXLVVRQ HW GDQV OD PHVXUH GX
SRVVLEOH QH SDV GpSDVVHU GH SOXV GH PP OH GLD
PqWUH GH OD ]RQH GH FXLVVRQ
1·XWLOLVHU TXH GHV EDWWHULHV GH FXLVLQH FRPSUHQDQW GHV
UpFLSLHQWV DX IRQG OLVVH HW SODW
/H IRQG GRLW WRXMRXUV rWUH SURSUH HW VHF 7RXMRXUV PLMR
WHU DYHF OH FRXYHUFOH IHUPp
9HLOOHU j FH TXH OHV IRQGV VRLHQW OLVVHV HW LQWDFWV FDU
OHV IRQGV GH FDVVHUROH DYHF GHV DUrWHV RX GHV ERUGV
DX[ DUrWHV YLYHV JpQpUHQW GHV UD\XUHV VXU OD VXUIDFH
YLWURFpUDPLTXH
/HV UD\XUHV SHXYHQW rWUH pJDOHPHQW GXHV j GHV JUDLQV
GH VDEOH SURYHQDQW SDU H[ G·XQ QHWWR\DJH SUpDODEOH
GH OpJXPHV TXL VRQW WLUpV SDU OD FDVVHUROH VXU OD VXU
IDFH GH FXLVVRQ RX HQFRUH j GHV DUrWHV RX j GHV ERUGV
GH IRQG GH FDVVHUROH RX GH SRrOH
/HV UpFLSLHQWV DX IRQG HQ DOXPLQLXP RX HQ FXLYUH SHX
YHQW ODLVVHU GHV WUDFHV GH GpFRORUDWLRQ PpWDOOLTXH VXU
OD VXUIDFH YLWURFpUDPLTXH OHVTXHOOHV QH SHXYHQW DORUV
rWUH pOLPLQpHV TXH GLIILFLOHPHQW RX SDV GX WRXW
3RXU pYLWHU G·DYRLU GHV UD\XUHV GLVJUDFLHXVHV VXU OD
VXUIDFH GH FXLVVRQ YLWURFpUDPLTXH LO IDXGUDLW QH SDV
SRXVVHU OHV FDVVHUROHV RX OHV SRrOHV SRXU OHV GpSODFHU
PDLV SOXW{W OHV VRXOHYHU
$ O·pWDW IURLG OHV IRQGV GH FDVVHUROHV VRQW HQ JpQpUDO
OpJqUHPHQW ERPEpV YHUV O·LQWpULHXU FRQFDYHV G·HQYL
URQ PP ,OV QH GRLYHQW HQ DXFXQ FDV rWUH ERP
EpV YHUV O·H[WpULHXU FRQYH[HV 9pULILH] DSUqV XWLOLVDWLRQ VL OD WDEOH GH FXLVVRQ
D pWp PLVH KRUV WHQVLRQ 7RXV OHV ERXWRQV WRXU
QDQWV HW WRXFKHV GRLYHQW VH WURXYHU VXU OD SRVL
WLRQ $55(7
FRQYH[
FRQNDY
2IXXS]EKI IX WSMRW
3RXU QHWWR\HU OD YLWURFpUDPLTXH LO IDXW DSSOLTXHU OHV
PrPHV FULWqUHV TXH SRXU OHV VXUIDFHV HQ YHUUH
1H MDPDLV XWLOLVHU GH SURGXLWV GH QHWWR\DJH Up
FXUDQWV RX DJUHVVLIV GH OD SRXGUH j UpFXUHU
RX GHV pSRQJHV HWF j VXUIDFH UXJXHXVH
,O \ D GHV SURGXLWV GH QHWWR\DJH VSpFLDX[ HW GHV JUDW
WRLUV j ODPH GDQV OHV JUDQGHV VXUIDFHV OHV FRPPHU
FHV VSpFLDOLVpV HQ PDWpULHO pOHFWULTXH OHV FRPPHUFHV
GH GURJXHULH DLQVL TXH OHV FRPPHUFHV G·DOLPHQWDWLRQ
2IXXS]IV ETVÀW GLEUYI
YXMPMWEXMSR
/HV VDOLVVXUHV OpJqUHV HW QRQ LQFUXVWpHV V·HQ
OqYHQW ORUVTX·HOOHV VRQW IURLGHV DX PR\HQ G·XQ
FKLIIRQ KXPLGH RX G·XQ FKLIIRQ DEVRUEDQW VDQV
HPSOR\HU GH SURGXLWV GH QHWWR\DJH
6L YRXV XWLOLVH] GHV SURGXLWV GH ODYDJH GHV GpFR
ORUDWLRQV EOHXkWUHV SHXYHQW DSSDUDvWUH &HV WD
FKHV UpVLVWDQWHV QH SHXYHQW SDV WRXMRXUV rWUH pOL
PLQpHV ORUV GX SUHPLHU QHWWR\DJH HWRX
VHXOHPHQW DYHF GX SURGXLW GH QHWWR\DJH SRXU YL
WURFpUDPLTXH
/HV VDOLVVXUHV j IRUWH DGKpUHQFH SHXYHQW rWUH
HQOHYpHV j IURLG DX PR\HQ G·XQ SURGXLW GH QHW
WR\DJH SRXU YLWURFpUDPLTXH HW G·XQ UDFORLU j ODPH
(QVXLWH HVVX\HU OD VXUIDFH GH FXLVVRQ j O·DLGH
G·XQ FKLIIRQ KXPLGH QHWWR\DJH XOWpULHXU )PMQMRIV PIW XEGLIW
/HV WDFKHV FODLUHV GH FRXOHXU QDFUH UpVLGXV
G·DOXPLQLXP SHXYHQW rWUH pOLPLQpHV GH VXU OD WD
EOH GH FXLVVRQ UHIURLGLH DX PR\HQ G·XQ SURGXLW GH
QHWWR\DJH SRXU YLWURFpUDPLTXH /HV WUDFHV GH FDO
FDLUH GXHV SDU H[ j XQ GpERUGHPHQW G·HDX VXU
FKDXIIpH SHXYHQW rWUH pOLPLQpHV DYHF GX YLQDLJUH
GH QHWWR\DJH RX DYHF XQ SURGXLW GH QHWWR\DJH SRXU
YLWURFpUDPLTXH
3RXU pOLPLQHU GX VXFUH GHV DOLPHQWV FRQWH
QDQW GX VXFUH GH OD PDWLqUH V\QWKpWLTXH RX GH
OD IHXLOOH G·DOXPLQLXP OD ]RQH GH FXLVVRQ
FRQFHUQpH QH GRLW SDV rWUH PLVH KRUV WHQVLRQ
(OLPLQH] LPPpGLDWHPHQW HW j IRQG OHV UHVWHV j O·p
WDW FKDXG GH VXU OD ]RQH GH FXLVVRQ FKDXGH DX
PR\HQ G·XQ UDFORLU j ODPH 3URWpJH] YRV PDLQV
GHV EUOXUHV 8QH IRLV OD VDOLVVXUH pOLPLQpH OD
]RQH GH FXLVVRQ SHXW rWUH pWHLQWH SXLV QHWWR\pH
GH QRXYHDX DX PR\HQ G·XQ SURGXLW GH QHWWR\DJH
SRXU YLWURFpUDPLTXH ORUVTXH TX·HOOH VHUD UHGHYH
QXH IURLGH
1·DSSOLTXH] SDV OHV SURGXLWV GH QHWWR\DJH SRXU YL
WURFpUDPLTXH VXU XQH ]RQH GH FXLVVRQ FKDXGH /H
PLHX[ HVW GH ODLVVHU VpFKHU OH SURGXLW GH QHW
WR\DJH SXLV GH O·HVVX\HU HQ KXPLGLILDQW 6·LO GHYDLW
UHVWHU GHV UpVLGXV GH SURGXLWV GH QHWWR\DJH pOLPL
QH] FHX[FL HQ OHV HVVX\DQW j O·DLGH G·XQ FKLIIRQ
KXPLGH QHWWR\DJH XOWpULHXU DYDQW GH FKDXIIHU GH
QRXYHDX 6LQRQ FHX[FL SRXUUDLHQW GHYHQLU FRUUR
VLIV
4VSFPÀQIW TEVXMGYPMIVW
4VSFPÀQIW TEVXMGYPMIVW
WM YR TVSHYMX HI RIXXS]EKI GLMQMUYI RI WYJJMX 9R\H] VL YRXV Q·DUULYH] SDV SOXV YLWH j YRV ILQV DYHF
TEW
OH JUDWWRLU GH QHWWR\DJH
WM HIW XEGLIW WSQFVIW WSRX ETTEVYIW
6L OH QHWWR\DJH DX PR\HQ GX UDFORLU GH QHWWR\DJH HW
G·XQ SURGXLW GH QHWWR\DJH SRXU DFLHU LQR[ Q·DSSRUWH
SDV G·DPpOLRUDWLRQ LO V·DJLW YUDLVHPEODEOHPHQW G·XQ
GpFRU TXL D pWp DEUDVp j FDXVH G·XQ SURGXLW GH
QHWWR\DJH LQDSSURSULp RX GH IRQGV GH FDVVHUROH
WUHPEORWDQWV
/D FDSDFLWp GH IRQFWLRQQHPHQW GH OD WDEOH GH
FXLVVRQ QH V·HQ WURXYH SDV DOWpUpH
WM HIW HÃGSPSVEXMSRW QÃXEPPMUYIW
ETTEVEMWWIRX WYV PIW ^SRIW HI GYMWWSR
'HV FDVVHUROHV RX GHV SRrOHV DX IRQG LQDGDSWp RX
VXUWRXW GHV SURGXLWV GH QHWWR\DJH LQDSSURSULpV RQW
pWp XWLOLVpV $ SUpVHQW FHV GpFRORUDWLRQV QH SHXYHQW
rWUH pOLPLQpHV TX·DYHF SHLQH j O·DLGH G·XQ SURGXLW
GH QHWWR\DJH SRXU YLWURFpUDPLTXH RX DFLHU LQR[
WM PE WYVJEGI TVÃWIRXI HIW VE]YVIW SY HIW
GEZMXÃW
&HV GpIDXWV G·DVSHFW GXV j GHV REMHWV DEUDVLIV RX
D\DQW IRQGX QH SHXYHQW SOXV rWUH pOLPLQpV /D
FDSDFLWp GH IRQFWLRQQHPHQW GH OD WDEOH GH FXLVVRQ
QH V·HQ WURXYH SDV DOWpUpH
1RXV GpFOLQRQV WRXWH UHVSRQVDELOLWp HQ FDV GH
WUDLWHPHQW LQDSSURSULp GH OD VXUIDFH GH FXLVVRQ
YLWURFpUDPLTXH
5YI JEMVI IR GEW HI HÃJIGXYSWMXÃ#
0HWWUH OHV LQWHUUXSWHXUV GH IR\HU RX OHV
WRXFKHV VXU OD SRVLWLRQ $55(7
0HWWH] OHV FRXSHFLUFXLW DXWRPDWLTXHV KRUV
WHQVLRQ UHVS UHWLUHU OHV IXVLEOHV
$QQRQFH] YRWUH UpFODPDWLRQ j YRWUH pOHFWULFLHQ
RX DX VHUYLFH DSUqVYHQWH FRPSpWHQW
6L OD WDEOH GH FXLVVRQ GHYDLW SUpVHQWHU XQH FDVVXUH
GDQV OH YHUUH YHXLOOH] DORUV LQGLTXHU DX SRLQW GH
VHUYLFH DSUqVYHQWH OH QXPpUR j WURLV FKLIIUHV VH
WURXYDQW VXU OD SODTXH HQ YHUUH
,PSRUWDQW 9HXLOOH] WRXMRXUV LQGLTXHU OH QXPpUR GH SURGXLW OH
QXPpUR GH VpULH HW OD GpVLJQDWLRQ GH PRGqOH GH OD
WDEOH GH FXLVVRQ YLWURFpUDPLTXH SRXU
IDLUH DSSHO DX VHUYLFH DSUqVYHQWH
FRPPDQGHU GHV SLqFHV GH UHFKDQJH RX GHV
DFFHVVRLUHV
GHPDQGHU GHV SUpFLVLRQV WHFKQLTXHV
/H QXPpUR GH VpULH GRLW rWUH UHSRUWp GDQV OD SOD
TXH VLJQDOpWLTXH GH FH PDQXHO G·XWLOLVDWLRQ DYDQW
GH SURFpGHU j O·LQVWDOODWLRQ GH OD WDEOH GH FXLVVRQ
/D SODTXH VLJQDOpWLTXH G·RULJLQH VH WURXYH VXU O·KDELO
ODJH LQIpULHXU GH OD WDEOH GH FXLVVRQ YLWURFpUDPLTXH HW
GH FH IDLW Q·HVW SOXV DFFHVVLEOH DSUqV OH PRQWDJH
1XPpUR GH SURGXLW
1XPpUR GH VpULH
'pVLJQDWLRQ GX
PRGHOOR
7.70 kW
400 V
Prod-nr: 941 591 366
~ 50 Hz Serie
+
S
Typ 205.6NAPONJNNNC
GK GS/58.1 R
'EVEGXÃVMWXMUYIW XIGLRMUYIW
+/ +7 6
(MQIRWMSRW I\XÃVMIYVIW
ORQJXHXU
PP
ODUJHXU
PP
KDXWHXU
PP
(MQIRWMSRW P SYZIVXYVI
ORQJXHXU
PP PP
ODUJHXU
PP PP
UD\RQ
5 5 4YMWWERGI MRWXEPPÃI
7HQVLRQ
&RUSV GH FKDXIIH
9 a +]
N:
-RWXVYGXMSRW H MRWXEPPEXMSR
/·DSSDUHLO QH GRLW rWUH UDFFRUGp TXH SDU XQ
pOHFWULFLHQ TXDOLILp
/RUV GX PRQWDJH HW HQ FDV GH UpYLVLRQ OH IRXU
HQFDVWUDEOH OH UpFKDXG HQFDVWUDEOH OD ERvWH
GH FRPPDQGH HQFDVWUDEOH RX OD FRPPDQGH
pOHFWURQLTXH GRLW rWUH FRXSp GX UpVHDX HQ
PHWWDQW OHV FRXSHFLUFXLWV KRUV WHQVLRQ RX HQ
UHWLUDQW OHV IXVLEOHV
/HV GLUHFWLYHV JpQpUDOHV VXU O·H[SORLWDWLRQ GHV
DSSDUHLOV pOHFWULTXHV OHV SUHVFULSWLRQV GX
IRXUQLVVHXU G·pOHFWULFLWp FRPSpWHQW DLQVL TXH
OHV LQGLFDWLRQV FRQWHQXHV GDQV OH PDQXHO G·LQ
VWDOODWLRQ GRLYHQW rWUH VFUXSXOHXVHPHQW RE
VHUYpHV
6723
,O Q·HVW SDV SHUPLV GH UDFFRUGHU GHV WDEOHV GH
FXLVVRQ YLWURFpUDPLTXHV HQGRPPDJpHV HW
FRPSRUWDQW GHV ILVVXUHV RX GHV FDVVXUHV VXU
OD VXUIDFH YLWURFpUDPLTXH
(ÃFEPPEKI
9HXLOOH] YpULILHU VL OD WDEOH GH FXLVVRQ YLWURFpUDPLTXH
D pWp OLYUpH GDQV XQ pWDW LQWDFW ,O Q·HVW SDV SHUPLV GH
UDFFRUGHU GH UDFFRUGHU XQH WDEOH GH FXLVVRQ YLWURFpUD
PLTXH SUpVHQWDQW GHV GRPPDJHV pYLGHQWV
)QFEPPEKI
7RXV OHV pOpPHQWV G·HPEDOODJH VRQW UHF\FOD
EOHV HW OHV IHXLOOHV DLQVL TXH OHV pOpPHQWV HQ
FDRXWFKRXF GXU RQW pWp PDUTXpV GH PDQLqUH
DSSURSULpH 9HXLOOH] pOLPLQHU FRUUHFWHPHQW OH
PDWpULHO G·HPEDOODJH
5HVSHFWHU V Y S OHV UpJOHPHQWDWLRQV QDWLRQDOHV HW Up
JLRQDOHV HW WHQLU FRPSWH GX PDUTXDJH GHV PDWpULDX[
VpSDUDWLRQ GHV PDWpULDX[ FROOHFWH GH GpFKHWV Gp
S{WV SRXU PDWpULDX[ YDODEOHV )RGEWXVIQIRX HERW
YR TPER HI XVEZEMP HI
GYMWMRI
/D VpFXULWp DX QLYHDX pOHFWULTXH GRLW rWUH DVVX
UpH SDU XQ PRQWDJH DSSURSULp
/D SURWHFWLRQ FRQWUH OHV FRQWDFWV DFFLGHQWHOV
HW OD VpFXULWp pOHFWULTXH FRQIRUPHV DX[ GLV
SRVLWLRQV $6(9'( GRLYHQW rWUH DVVXUpHV SDU
XQ PRQWDJH FRUUHFW GH OD WDEOH GH FXLVVRQ YL
WURFpUDPLTXH GDQV GHV SODQV GH WUDYDLO GH FXL
VLQH DGDSWpV &HOD V·DSSOLTXH pJDOHPHQW j
O·DUPRLUH LQIpULHXUH /D WDEOH GH FXLVVRQ YLWUR
FpUDPLTXH QH GRLW SDV rWUH DFFHVVLEOH j SDUWLU
GX GHVVRXV /HV DUPRLUHV j HQFDVWUHU GRLYHQW
rWUH PRQWpHV HW IL[pHV GH IDoRQ j SUpYHQLU XQ
UHQYHUVHPHQW
1RWH] OH QXPpUR GH VpULH GH OD SODTXH VLJQDOpWLTXH GH
OD WDEOH GH FXLVVRQ YLWURFpUDPLTXH VXU OD SDJH GX
PDQXHO G·LQVWDOODWLRQ HW G·XWLOLVDWLRQ &H QXPpUR HVW LQ
GLVSHQVDEOH SRXU IDLUH DSSHO DX VHUYLFH DSUqVYHQWH
/D WDEOH GH FXLVVRQ YLWURFpUDPLTXH j HQFDVWUHU QH
SHXW rWUH FRPELQpH TX·DYHF XQ IRXU HQFDVWUDEOH
XQ UpFKDXG HQFDVWUDEOH XQH ERvWH GH FRPPDQGH
HQFDVWUDEOH RX j XQH FRPPDQGH pOHFWURQLTXH GX
V\VWqPH GH FRQQH[LRQ DSSURSULp FkEOH DGDSWD
WHXU 6L YRXV XWLOLVH] G·DXWUHV IRXUV HQFDVWUDEOHV UpFKDXGV
HQFDVWUDEOHV ERvWHV GH FRPPDQGH HQFDVWUDEOHV RX
G·DXWUHV FRPPDQGHV pOHFWURQLTXHV O·KRPRORJDWLRQ
TXL D pWp DFFRUGpH GHYLHQGUD FDGXTXH HW OH IDEULFDQW
GpFOLQHUD WRXWH UHVSRQVDELOLWp
1RUPDOHPHQW OHV WDEOHV GH FXLVVRQ YLWURFpUDPLTXHV
j HQFDVWUHU VRQW PRQWpHV DXGHVVXV G·XQ IRXU HQFDV
WUDEOH G·XQ UpFKDXG HQFDVWUDEOH G·XQH ERvWH GH FRP
PDQGH RX G·XQH FRPPDQGH pOHFWURQLTXH (Q FDV G·LQ
VWDOODWLRQ DYHF XQ UpFKDXG XQH ERvWH GH FRPPDQGH RX
XQH FRPPDQGH pOHFWURQLTXH LO IDXW LPSpUDWLYHPHQW
PRQWHU XQ IRQG LQWHUPpGLDLUH VHUYDQW GH SURWHFWLRQ
FRQWUH OHV FRQWDFWV DFFLGHQWHOV
)LJ
PLQ PP
PP
'SXIW HI QSRXEKI
/·RXYHUWXUH GDQV OH SODQ GH WUDYDLO GH FXLVLQH HW O·DU
PRLUH LQIpULHXUH GRLW FRUUHVSRQGUH DX[ FRWHV XVXHOOHV
9RXV WURXYHUH] OHV LQIRUPDWLRQV QpFHVVDLUHV GDQV OH
VFKpPD GLPHQVLRQQHO
,O GRLW \ DYRLU XQ HVSDFH OLEUH G·DX PRLQV PP
VRXV OD WDEOH GH FXLVVRQ YLWURFpUDPLTXH ILJ /HV WLURLUV QH SHXYHQW rWUH PRQWpV VRXV OD WDEOH GH
FXLVVRQ TX·DYHF XQH W{OH GH SURWHFWLRQ ILJ 1R $%*. DFFHVVRLUH GH PRQWDJH
YLWURFpUDPLTXH
/·HVSDFHPHQW ODWpUDO GH OD WDEOH GH FXLVVRQ SDU
UDSSRUW j XQH DUPRLUH KDXWH HW j OD SDURL DUULqUH
GRLW rWUH G·DX PRLQV PP ILJ (Q FH TXL FRQFHUQH OD SURWHFWLRQ FRQWUH OHV ULV
TXHV G·LQFHQGLH O·DSSDUHLO HVW FRQIRUPH DX W\SH <
&(, 6HXOV GHV DSSDUHLOV GH FH W\SH
GRLYHQW rWUH LQVWDOOpV j F{Wp G·pOpPHQWV GH FXLVLQH
KDXWV RX PXUDX[
PLQ PP PLQ PP
)LJ
PP
1SRXEKI HERW PI PEZE SY
PE TMIVVI
)LJ
'HWDLO $
5
R5
8
'pFRXSHU O·RXYHUWXUH GDQV OH SODQ GH WUDYDLO HQ
IRQFWLRQ GHV FRWHV G·RXYHUWXUH SUHVFULWHV )LJ
'pWDLO $% /HV WROpUDQFHV QH GRLYHQW SDV rWUH
GpSDVVpHV
R52
4±
1
470
57
%LHQ QHWWR\HU OH SODQ GH WUDYDLO DX QLYHDX GH O·RX
YHUWXUH
)L[HU OH JRPPH pODVWLTXH GH PRXVVH j UpSUHVVLRQ
GH FRXSV D ,QVpUHU OH SODQ GH FXLVVRQ YLWURFpUD
PLTXH $MXVWHU OH SODQ GH FXLVVRQ YLWURFpUDPLTXH
SRXU TXH VXEVLVWH GH WRXV OHV F{WpV XQ HVSDFH GH
JUDQGHXU XQLIRUPH /H SODQ GH FXLVVRQ YLWURFpUD
PLTXH QH GRLW SDV rWUH IL[p
R42
554
13
R55
48
9±
1
60
0
64
R42
47
0±
=
5HPSOLU O·HVSDFH HQWUH OD 9LWURFpUDPLTXH HW OH GHV
VXV GH WDEOH DYHF XQH PDWLqUH VLOLFRQ FROOH E DS
SURSULpH
1
5
55
1
58
49
6
=
/H IDEULFDQW Q·HVW SDV UHVSRQVDEOH GX GRPPDJH
UHVXOWDQW G·XQ PDXYDLV PRQWDJH
(IQSRXEKI HY XEFPI ZM
XVSGÃVEQMUYI
)LJ
8 2
5,5
581x496 R55
574x489 R42
b
a
47
min.25
0HWWUH KRUV WHQVLRQ OD WDEOH GH FXLVVRQ YLWURFpUD
PLTXH OH IRXU HQFDVWUDEOH OH UpFKDXG HQFDVWUD
EOH OD ERvWH GH FRPPDQGH RX OD FRPPDQGH pOHF
WURQLTXH
&RXSHU OH ORQJ ERUG GX YHUUH HW VXU WRXWH OD SURIRQ
GHXU GX MRLQW DX PR\HQ G·XQ FRXWHDX DSSURSULp OD
SkWH G·pWDQFKpLWp VLOLFRQH DSSOLTXpH F{Wp EkWL
PHQW 6RXOHYHU DYHF SUpFDXWLRQ OD WDEOH GH FXLV
VRQ YLWURFpUDPLTXH GH SDU EDV DX PR\HQ G·XQ
WRXUQHYLV DSSOLTXp FRQWUH OH EDF GH VXEVWUXFWXUH
/RUV GX UHPRQWDJH YHLOOHU j FH TXH O·DQFLHQQH SkWH
VLOLFRQH HW OD EDQGH GH FDRXWFKRXF VSRQJLHX[ VRLW
pOLPLQpHV SURSUHPHQW HW TX·XQH QRXYHOOH EDQGH
HQ FDRXWFKRXF VSRQJLHX[ GHVWLQpH j DPRUWLU OHV
FKRFV VRLW HQVXLWH PRQWpH GLVSRQLEOH DX VHUYLFH
GH YHQWH GH SLqFHV GH UHFKDQJH /·HQFDVWUHPHQW
VH IHUD VHORQ OH WH[WH DXGHVVXV
'HWDLO %
454x459 45˚
555x470 R42
&RQWUDLUHPHQW DX[ SUHVFULSWLRQV G·LQVWDOODWLRQ GRPHV
WLTXHV GH O·$6( FKLIIUH OD WDEOH GH FXLVVRQ YL
WURFpUDPLTXH j HQFDVWUHU SHXW rWUH LQWpJUpH GDQV XQ
PDWpULDX FRPEXVWLEOH /HV pOpPHQWV SDURLV ODWpUDOHV
OLVWHDX[ GH UHQIRUFHPHQW HWF GpSDVVDQW GDQV O·HV
SDFH VLWXp DXGHVVRXV GH OD ]RQH GH FXLVVRQ GRLYHQW
rWUH IDEULTXpV GDQV XQH PDWLqUH LQFRPEXVWLEOH
'pOLPDWLRQ GH FHW HVSDFH ODUJHXU PP KDXWHXU
PP GqV OH SODQ GH FXLVVRQ SURIRQGHXU PP GH
SXLV O·DUULqUH DYHF XQH SURIRQGHXU GH WDEOH GH PP
/HV SDURLV HW SODIRQGV FRPEXVWLEOHV GRLYHQW DXGHV
VXV GH SODQV GH FXLVVRQ rWUH UHYrWXV GH PDWpULDX FRX
SHIHX G·DSUqV OHV GLUHFWLYHV GH O·RUJDQH FDQWRQDO GH
OXWWH FRQWUH OHV LQFHQGLHV UHVSRQVDEOH GH OD UpJLRQ
FRQFHUQpH
6EGGSVHIQIRX
ÃPIGXVMUYI
$YDQW GH SURFpGHU DX UDFFRUGHPHQW LO IDXW FRQWU{OHU
VL OD WHQVLRQ LQGLTXpH VXU OD SODTXH VLJQDOpWLTXH F
jG OD WHQVLRQ QRPLQDOH GH O·DSSDUHLO FRQFRUGH DYHF
OD WHQVLRQ GX UpVHDX H[LVWDQW HW OD WHQVLRQ QRPLQDOH GH
O·DSSDUHLO FRPELQp /D SODTXH VLJQDOpWLTXH VH WURXYH
VXU O·KDELOODJH LQIpULHXU GH OD WDEOH GH FXLVVRQ YLWURFpUD
PLTXH
/D WHQVLRQ GHV FRUSV GH FKDXIIH HVW GH 9$& /·DS
SDUHLO IRQFWLRQQH pJDOHPHQW VDQV SUREOqPH DYHF OHV
DQFLHQV UpVHDX[ j 9$&
/H UDFFRUGHPHQW DX UpVHDX GX IRXU HQFDVWUDEOH GX
UpFKDXG HQFDVWUDEOH GH OD ERvWH GH FRPPDQGH HQFDV
WUDEOH RX GH OD FRPPDQGH pOHFWURQLTXH GRLW rWUH Up
DOLVp GH IDoRQ j FH TX·LO \ DLW XQH SRVVLELOLWp GH FRXSXUH
VXU WRXV OHV S{OHV DYHF ODUJHXU G·RXYHUWXUH GH FRQWDFW
G·DX PRLQV PP SDU H[ GLVMRQFWHXU DXWRPDWLTXH
GLVMRQFWHXU GLIIpUHQWLHO RX FRXSHFLUFXLW
5HOLHU OH IDLVFHDX GH FkEOHV DX[ GHX[ FRQQHFWHXUV
FRPSDFWV j S{OHV FkEOH DGDSWDWHXU DYHF VRQ SHQ
GDQW GX IRXU HQFDVWUDEOH UpFKDXG HQFDVWUDEOH GH OD
ERvWH GH FRPPDQGH HQFDVWUDEOH RX GH OD FRPPDQGH
pOHFWURQLTXH
9HLOOHU j FH TXH OHV FRQQHFWHXUV VRLHQW ELHQ HQJDJpV
/H V\VWqPH GH FRQVWUXFWLRQ GHV FRQQHFWHXUV j S{OHV HPSrFKH WRXWH FRQIXVLRQ 3UHVVHU OH FkEOH GH OLDLVRQ ODWpUDOHPHQW FRQWUH OH FRX
YHUFOH GX IRXU
5HWLUHU OHV IHXLOOHV GH SURWHFWLRQ pYHQWXHOOHPHQW H[LV
WDQWHV GH VXU OD VXUIDFH GH FXLVVRQ YLWURFpUDPLTXH
$SUqV DYRLU SURFpGp DX UDFFRUGHPHQW j O·DOL
PHQWDWLRQ pOHFWULTXH LO IDXW HQFOHQFKHU O·XQH
DSUqV O·DXWUH WRXWHV OHV ]RQHV GH FXLVVRQ VXU
OD SRVLWLRQ PD[LPDOH SRXU XQ EUHI PRPHQW
HQY VHFRQGHV DILQ G·HQ WHVWHU OH ERQ
IRQFWLRQQHPHQW
7IVZMGI ETVÀWZIRXI
4SMRX HI ZIRXI HI VIGLERKI
+EVERXMI
8LIVQE4LSR
7KHUPD3KRQ
'HU WHOHIRQLVFKH
%HUDWXQJVGLHQVW
GHU 7KHUPD
/H VHUYLFH G·LQIRU
PDWLRQ WpOpSKRQL
TXH GH 7KHUPD
,O VHUYL]LR GL FRQ
VXOHQ]D WHOHIRQLFD
GHOOD 7KHUPD
0RQWDJ ELV )UHLWDJ
8KU
/XQGL j YHQGUHGL GH
8KU
/XQHGLYHQHUGL GDVVH RUH
8KU
)U $XVNQIWH 5DWVFKOlJH XQG
7LSV UXQG XP GLH $QZHQGXQJ
YRQ +DXVKDOWDSSDUDWHQ
3RXU UHQVHLJQHPHQWV FRQVHLOV
HW ©DVWXFHVª FRQFHUQDQW O·XWLOLVD
WLRQ GH YRV DSSDUHLOV PpQDJHUV
3HU LQIRUPD]LRQL VXJJHULPHQWL H
FRQVLJOL VX WXWWR TXDQWR FRQFHUQH
O·XVR GHJOL HOHWWURGRPHVWLFL
(LQH 'LHQVWOHLVWXQJ GLH IU ,KUH
$QOLHJHQ UXQG XP GLH +DXVKDOW
DSSDUDWH WlJOLFK IU 6LH EHUHLW
VWHKW
8QH SUHVWDWLRQ GH VHUYLFH j YRWUH
GLVSRVLWLRQ FKDTXH MRXU SRXU WRX
WHV TXHVWLRQV WRXFKDQW DX[ DS
SDUHLOV PpQDJHUV
8Q VHUYL]LR JLRUQDOPHQWH D YRV
WUD GLVSRVL]LRQH SHU VRGGLVIDUH OH
YRVWUH ULFKLHVWH ULJXDUGDQWL JOL
HOHWWURGRPHVWLFL
1XW]HQ 6LH GDV 7KHUPD3KRQ
]XP %HLVSLHO IU
$SSHOH] 7KHUPD3KRQ SDU H[
HPSOH SRXU
8WLOL]]DWH LO VHUYL]LR 7KHUPD
3KRQ DG HVHPSLR SHU
:
:
:
:
:
:
SURPSWH $XVNXQIW
EHL )UDJHQ ]XU %HGLHQXQJ
GHU $SSDUDWH
KLOIUHLFKH 5DWVFKOlJH
EH]JOLFK 8QWHUKDOW XQG
3IOHJH GHU +DXVKDOWJHUlWH
QW]OLFKH 7LSV
EHLP .RFKHQ %DFNHQ
/IWHQ .KOHQ XQG 6SOHQ
NRPSHWHQWH %HUDWXQJ
EHL GHU :DKO HLQHV *HUlWHV
GDV ,KUHQ :QVFKHQ HQW
VSUHFKHQ VROO
:
:
:
UHQVHLJQHPHQWV UDSLGHV
FRQFHUQDQW O·XWLOLVDWLRQ GHV
DSSDUHLOV
FRQVHLOV MXGLFLHX[
SRXU O·HQWUHWLHQ HW OHV VRLQV j
DSSRUWHU DX[ DSSDUHLOV
PpQDJHUV
©DVWXFHVª XWLOHV
SRXU OD FXLVVRQ HQ JpQpUDO
OD FXLVVRQ DX IRXU O·DpUDWLRQ
OD UpIULJpUDWLRQ HW OH ULQoDJH
FRQVHLOV FRPSpWHQWV
SRXU OH FKRL[ G·XQ DSSDUHLO
FRUUHVSRQGDQW j YRV GpVLUV
:
:
:
LQIRUPD]LRQL LPPHGLD
PHQWH
VXOO·LPSLHJR GHJOL DSSDUHFFKL
FRQVLJOL SUH]LRVL
LQ PHULWR DOOD PDQXWHQ]LRQH
H DOOD FXUD GHJOL HOHWWURGR
PHVWLFL
VXJJHULPHQWL XWLOL
SHU FXFLQDUH DUURVWLUH YHQWL
ODUH UDIIUHGGDUH H ODYDUH OH
VWRYLJOLH
FRQVXOHQ]D FRPSHWHQWH
SHU OD VFHOWD GL XQ DSSDUHF
FKLR FKH VRGGLVIL
OH YRVWUH HVLJHQ]H H L YRVWUL
GHVLGHUL
$7 +DXVJHUlWH $*
%DGHQHUVWUDVVH =ULFK
7HOHIRQ 7HOHID[
$7 $SSDUHLOV 0pQDJHUV 6$
/H 7UpVL 3UpYHUHQJHV
7pOpSKRQH 7pOpID[
$7 $SSDUHFFKL &DVDOLQJKL 6$
&HQWUR 0RQWDQD
/RVRQH
7HOHIRQR 7HOHID[
,QWHUQHW ZZZWKHUPDFK
(0DLO LQIR#WKHUPDFK
,QWHUQHW ZZZWKHUPDFK
(0DLO LQIR#WKHUPDFK
,QWHUQHW ZZZWKHUPDFK
(0DLO LQIR#WKHUPDFK
PK
">
Link pubblico aggiornato
Il link pubblico alla tua chat è stato aggiornato.