4tm feeufc Qprdek vfcul devlstdek aiekrlss •
Fprdc 1, >260 • Cfs Zlkfs, EZ Hlrrds`fcl Afpdtfc—s Pip Lqudty Devlstglet jir >260 Qfmg F`rfekd, Hlrrds`fcl Afpdtfc Gfefklglet
Fprdc >260
Hlrrds`fcl Afpdtfc Gfefklglet, CCA 6>6> Fvleul ij tml Fglrdafs, 1r` Jciir Elw Tirh, ET 6221: Plc? >6>.;4>.;444 Jfx? >6>.<16.:6<1 Lgfdc? dejiBhlrrds`fclafp.aig
Ieal iel ij iur cfrklst ciek pisdtdies…
Pi`fy, wl prlslet f smirt d`lf ie f aigpfey tmft wfs ieal iel ij iur jfvirdtl ciek pisdtdies [mft irdkdefccy fttrfatl` us ti tml ippirtuedty ylfrs fki Qgfcc [l
nusdelss wdtm elkcdkdncl gfrhlt smfrl wdtm kii` gfefklglet
faqudrl` tml nusdelss ft f ciw R/LRQ, R/PNZ, RLK, lta.
[l wlrl devlstirs de tml nusdelss jir slvlrfc ylfrs, fe` frl eiw smirt Aigpfey—s
smfrls mfvl fpprladftl` ny 6<22% de tml pfst < ylfrs!
Euglrius
aigpltdtirs frl aipydek tml aigpfey—s ciw-aist ciw-aist gi`lc fe` letlrdek tml gfrhlt wdtm tml sfgl pri`uats
[l
nlcdlvl tml aigpfey—s gfrkdes frl sdkedjdafetcy dejcftl` `ul ti slvlrfc jfatirs tmft wdcc rlvlrsl de tml aigdek ylfrs
Ny
fcc vfcuftdie gltrdas, aigpfey eiw trf`ls ft f sdkedjdafet prlgdug ti dts aigpltdtirs, fe` ti iur lstdgftl ij rlfsiefncl prijdt pitletdfc
NijD Mic`dek Dea. (Efs`fq? NIJD)
NIJD ds f nrfeamclss iecdel nfeh tmft iplrftls f vfrdlty ij iecdel nfeh nrfe`s, deacu`dek Nfeh ij Detlrelt, EltNfeh, Nfeh ] fe` itmlrs
Cifes frl gf`l vdf nrfe`l` wlnsdtls suam fs fpfrtgletnfeh.aig, vdf rlcftdiesmdps wdtm fjjdedty kriups, afcc aletlrs, fs wlcc fs tmriukm wmiclsfcl fe` airrlspie`let amfeelcs
$1.:ne titfc fsslts, $16>g PNZ, $0;g CPG Elt Deaigl
Afpdtfcdzftdie
[l rlaiggle` f smirt pisdtdie de NijD Mic`dek Dea. (–NIJD‗ ir tml –Aigpfey‗), iel ij tml gist lxplesdvl nfehs de tml \Q
NIJD mfs lfrel` devlstirs elfrcy 6:22% de tml pfst < ylfrs, fe` eiw trf`ls ft ~0.2x PNZ, jfr mdkmlr tmfe dts dt s nfehdek slatir pllrs Devlstirs lxplat rfpd` lfredeks kriwtm8 wl nlcdlvl juturl lfredeks frl cdhlcy ti gftlrdfccy `dsfppidet fs detlrlst rftls rdsl
[l nlcdlvl NIJD—s devlstirs frl lxtrfpicftdek rlsucts tmft wdcc nl `djjdauct ti famdlvl kidek jirwfr` fs detlrlst rftls rdsl
Qtrftlky de f eutsmlcc
NIJD mfs ei nrfeamls fe` fttrfats `lpisdtirs ny ijjlrdek mdkm detlrlst rftls NIJD afe fjjir` mdkm aist ij jue`dek `ul ti dts ciw iplrftdek aists? ei nrfeamls fe` ciw lgpciylls / fsslts rftdi (iecy 16> jucc tdgl lgpciylls ft :/12/61)
Qiural? NIJD Gfram >260 devlstir prlsletftdie
[l tmdeh NIJD ds ivlr-lfredek
NIJD mfs f krlft mdstirdafc trfah rlair`, nut dt ds eit f krlft nusdelss NIJD—s Elt Detlrlst Gfrkde (–EDG‗) ds eit cdhlcy ti nl sustfdefncl NIJD mfs iel ij tml cfrklst elkftdvl detlrlst kfps fgiekst puncda nfehs8 wmle rftls rdsl, dts `lpisdt aists wdcc rdsl sdkedjdafetcy sdkedjda fetcy
Cdfndcdtdls?
Elw aigpltdtdie?
euglrius pcfylrs pcfylrs frl rlpcdaftdek NIJD—s NIJD—s iecdel nusdelss nusdelss gi`lc, wmdam wdcc ldtmlr sciw `lpisdt kriwtm ir dearlfsl jue`dek aists
NIJD ds tlgpirfrdcy lfredek jfr mdkmlr rltures ie dts fsslts tmfe dts pllrs nlafusl dt gf`l f cfrkl, tdglcy nlt de mdkm-ydlc` `dstrlssl` GNQ8 tmlsl fsslts frl riccdek ijj fe` wdcc nl `djjdauct ti rlpcdaftl
Fsslts?
Zfcuftdie? NIJD ds iel ij tml gist lxplesdvl puncdacy trf`l` nfehs de tml \Q 0.2x PNZ fe` >1x RL Devlstirs
mfvl gdstfhlecy fssugl` aurrlet prijdtfndcdty fe` kriwtm ds sustfdefncl `lspdtl tml jirwfr` ydlc` de`daftdek d e`daftdek itmlrwdsl
Pmds prlsletftdie wdcc dccustrftl wmy wl nlcdlvl NIJD—s aurrlet lfredeks frl uesustfdefncl kdvle tml jirwfr` rftl aurvl
NIJD—s fsslt ydlc`s frl cdhlcy eit sustfdefncl
NIJD gfefklglet gf`l sigl fstutl devlstglet `ladsdies `urdek tml jdefeadfc ardsds, fcciwdek tml aigpfey ti sustfde vlry fttrfatdvl detlrlst deaigl `lspdtl f jfccdek rftl levdrieglet
NIJD mfs ei aigpltdtdvl f`vfetfkl ie tml fsslt sd`l ij dts nfcfeal smllt8 gfefklglet wdcc jde` dt `djjdauct ti sustfde ydlc`s wdtm f kriwdek nfcfeal smllt
[my ds fsslt ydlc` mdkm9 Eierlaurrdek nlts ie GNQ!
NIJD—s fsslt ydlc`s frl jfr mdkmlr tmfe pllrs `ul ti t i ippirtuedstda nlts ie `dstrlssl` GNQ `urdek tml jdefeadfc ardsds
NIJD—s cife ydlc` fe` itmlr fsslt ydlc`s frl cfrklcy de cdel Fs tml slaurdtdls pirtjicdi gfturls fe` riccs ivlr, NIJD—s fsslt ydlc` smiuc` smiuc` `lacdel ti f clvlc ie pfr wdtm dts pllrs
@urdek tml jdefeadfc ardsds, gfefklglet gf`l sigl fstutl ieal-de-f-cdjltdgl devlstglets de `dstrlssl` GNQ, wmdam krlftcy lemfeal` fsslt ydlc`s
NIJD—s fsslt ydlc` aigpfrl` ti pllrs
Fs iutcdel` lfrcdlr, NIJD fe` itmlr detlrelt detlrelt nfehs mfvl ei f`vfetfkl jrig f afpdtfc `lpciyglet plrsplatdvl
Fs dts nfcfeal smllt kriws, fe` fs dts mdkm-rlture slaurdtdls pirtjicdi riccs ivlr, NIJD—s prijdts wdcc jfcc sdkedjdafetcy Fsslt ydlc` de cdel wdtm pllrs (fs `ljdel` ny NIJD prixy) wiuc` dgpcy ~>2% `iwesd`l ti CPG LRQ
Fvlrfkl Fvlrfkl Qlaurdtdls Qlaurdtdls Tdlc` Tdlc` Dearlgletfc NIJD ydlc` Fvlrfkl Fvlrfkl Qlaurdtdls Qlaurdtdls Nfcfeal Nfcfeal ($gg ($gg) Lxalss NIJD Elt Deaigl ($gg) Lxalss NIJD LRQ % @iwesd`l ti CPG LRQ
NIJD
[ JA
\QN
JDPN
Rllr Fvk.
0.;0%
1.:<% 6.24%
>.>4% >.0<%
1.1>% 6.0>%
>.64% >.<<%
1.6 $2.>>
;.2 $2.04
0.2 $2.>=
;.1 $2.<6
(;% )
(6;% )
(4% )
(6=% )
0;=
Qiural? aigpfey jdcdeks, J@DA Qtftds tdas ie @lpisdtiry @lpisdtiry Destdtutdies, Hlrrds`fcl Hlrrds`fcl fefcysds
Fs NIJD—s nfcfeal smllt kriws, fe` dts ippirtuedstda slaurdtdls pirtjicdi riccs ivlr,, NIJD—s fsslt ydlc`s wdcc jfcc acislr ti pllr fvlrfkl ivlr
Aigpfrdsie ij NIJD ti Lvlrnfeh Aiejdrgs Zdlw
Lvlrnfeh ds f sdgdcfr iecdel-iecy nfeh
Aigpfrdek tml twi jdrgs, NIJD—s EDGs ED Gs frl sdkedjdafetcy lemfeal` ny tml ydlc` ie dts slaurdtdls pirtjicdi NIJD
Cifes Qlaurdtdls & itmlr fsslts P itfc lfredeks fsslts Aist ij jue`dek EDG Fvlrfkl Fvlrfkl nfcfeals nfcfeals Cifes Itmlr lfredek fsslts P itfc lfredeks fsslts
<.><% 0.2;% <.21% 6.2>% 0.26%
LZL^
0.;<% >.;0% 0.1<% 2.4=% 1.1;%
@djj.
2.<2% 6.10% 3---
NIJD's gfde f`vfetfkl ds slaurdtdls
2.:=% 2.20% 3---
Nitm jdrgs pfy sdgdcfr jue`dek aist
2.:0%
$>,::0 $6>,;1< $:61 $1,6<0 $1,>;: $6<,==4
Lxalss lfredeks fpplfr ti nl `rdvle ny f gfturdek slaurdtdls pirtjicdi fe` cieklr `urftdie, rdshdlr, cife niih
NIJD—s cife pirtjicdi ds kidek ricc deti ciwlr ydlc`
NIJD—s mdstirdafc cife ydlc`s frl suppirtl` ny jiaus ie ougni cifes, wmdam ti`fy mfvl jfr ciwlr lxalss ydlc`
NIJD Cife Rdplcdel
Qiural? NIJD devlstir prlsletftdie Gfram >260
Qiural? Jdefeadfc Pdgls
Ougni cifes, wmdam jirg tml cfrklst slkglet ij NIJD—s cife pdplcdel, frl jfadek dearlfsl` aigpltdtdie fe` `lacdedek ydlc`s
Fsslt ydlc`s suppirtl` ny lxtle`dek `urftdie
NIJD mfs nleljdttl` jrig f mukl nlt ie `lacdedek rftls8 dt mfs mlc` fsslts wdtm f cieklr `urftdie fe` mdkmlr ydlc` tmfe gist ij dts pllrs NIJD
\QN
JDPN
Rllr Fvk.
% ij Cifes wdtm ^lgfdedek Gfturdty ir Elxt ^lprdadek @ftl ij? =% <>% 0:% ≠ 1 Gietms 5 1 Gietms, ≠ 6 Tlfr ;% 1% <% 6<% =% 4% 56 Tlfr, ≠ 1 Tlfrs 51 Tlfrs, ≠ < Tlfrs <2% =% 6>% 6<% 66% 60% 5< Tlfr, ≠ 6< Tlfrs 56< Tlfrs <% 6=% 6<% Pitfc 622% 622% 622%
<;% 1% :% 66% 60% 4% 622%
>6% 66% 64% >0% 64% :% 622%
11%
04%
Pitfc 51 Tlfrs
;2%
[ JA
1;%
02%
Qiural? JJDLA afcc rlpirts fs ij 6>/16/61, Hlrrds`fcl fefcysds Eitl? NIJD's pllr kriup aigls jrig dts cftlst prixy stftlglet, f`oustl` jir sunslqulet faqudsdtdies. Dt deacu`ls NEAE, PNNH, LKNE, JGNA, DNAF, LNQN, ENNA, fe` IAJA.
NIJD—s cife pirtjicdi gfturdty ds fe iutcdlr8 NIJD—s cdfndcdtdls wdcc wdcc rl-prdal rl-prdal rlcftdvlcy qudahcy, qudahcy, nut dts fsslts wdcc tfhl cieklr ti ricc ivlr tmfe dts aigpltdtirs a igpltdtirs
NIJD gf`l f cfrkl nlt ie `lacdedek rftls
NIJD mfs iel ij tml cfrklst elkftdvl detlrlst jue`dek kfps fgiek puncdacy trf`l` nfehs fe` ds pfrtdaucfrcy vucelrfncl ti rftl smiahs @lpisdts wdcc rl-prdal qudahcy dj rftls rdsl, nut fsslts frl cieklr `urftdie8 tmds wdcc arlftl f sdkedjdafet mlf`wde` jir EDGs de tml elfr tlrg Iecdel Nfeh Iel Tlfr ^ftl Kfp
Qiural? Qtlrel Fkll rlpirt, Gfram >260
Lvle fgiek nrfeam-cdkmt nrfeam- cdkmt nfehs, NIJD—s cife niih ds pfrtdaucfrcy piircy pisdtdiel` jir f rdsdek rftl levdrieglet
NIJD—s `lpisdtirs frl clss –stdahy‗
NIJD mfs f rlcftdvlcy prdal-slesdtdvl fe` clss-–stdahy‗ clss- –stdahy‗ `lpisdt nfsl
@lpisdt dejciws lxpci`l` fjtlr rlalssdie (eitl ~<2% dearlfsl de ylfr le`dek Ouel >262) Fs girl detlrelt-nfehdek detlrelt-nfehdek aigpltdtirs frdsl, fe` fs rftls dearlfsl, NIJD—s rlcftdvl fttrfatdvlelss w lfhles aiesd`lrfncy
NIJD mfs tfrkltl` f girl prdal-slesdtdvl `lpisdtir nfsl8 tmds mfs nlle nleljdadfc `urdek ieal-de-klelrftdie rftl levdrieglet
Elw aigpltdtdie ds wlfhledek NIJD—s pisdtdie
NIJD—s ijjlrdek ds ue`djjlrletdftl` fe` jfadek aiesd`lrfncl aigpltdtdie? Cfrkl cle`lrs ? KL Afpdtfc, Fccy Jdefeadfc, Jdefeadfc, ADP, Nfracfys
\Q iecdel nfehs ? Lvlrnfeh, Jdrst Detlrelt Nfeh ij De`dfef Iecdel `dvdsdies ij \Q nfehs ? Dearl`dnclNfeh (^dvlr Zfccly Nfeh), @irfc @drlat Iecdel sunsd`dfrdls ij jirldke nfehs ? Zdrtufc Nfeh (Nfeai `l Qfnf`lcc), NFA Jcird`f (Krupi Rlccfs) GGF fe` Qfvdeks Faaiuets
6-Tlfr Alrtdjdaftl ij @lpisdts Nfeh
6 KL Afpdtfc Nfeh > Gy l-NFeA ny NFA Jcird`f Nfeh 1 ZdrtufcNfeh 0 Fc FciQtfr Nfeh ij Aigglral < Aicirf`i Jl`lrfc Qfvdeks Nfeh :P Pm ml Rfccf`dfe RrdvftlNfeh ; Af A fcdjiredf Jdrst Eftdiefc Nfeh = Fccy Nfeh 4 Migl Qfvdeks Nfeh 62 @dsaivlr Nfeh 66 @irfc @drlat 6> L-CIFE 61 Nfracfys 60 Rletfkie Jl`lrfc Arl`dt \edie 6< \QFF 6: fncl fnclNf Nfeh ehddek, ek, f `d `dvdsdie sdie ij Eirt Eirtm mlfst lfst Nfeh feh 6; Jd J drst Detlrelt Nfeh ij De`dfef 6= Rf Rfadjda Glrafetdcl Nfeh 64 PFN Nfeh >2 Ciel Qtfr Nfeh
Nfeh
^ftl
6.2<% 6.26% 6.26% 6.26% 6.22% 6.22% 6.22% 2.44% 2.4=% 2.4=% 2.4<% 2.40% 2.46% 2.=2% 2.=2% 2.;6% .;6% 2.:<% 2.:<% 2.:<% 2.:2%
6 > 1 0 < : ; = 4 62 66 6> 61 60 6< 6: 6; 6= 64 >2
ADP KL KL Afpdtfc ^ftl Nfeh KL Afpdtfc Nfeh Fccy Nfeh LvlrNfeh Fccy Nfeh KL Afpdtfc ^ftl Nfeh Fglrdafe Lxprlss Afpdtfc Iel Nfracfys Qfccdl Gfl Rf Rfccf`dfe RrdvftlNfeh \e \edie Jl`lrfc Qfvdeks Nfeh Aicirf`i Jl`lrfc Qfvdeks Nfeh @dsaivlr Nfeh JENI @drlat Gutufc ij Igfmf Nfeh fnclNfehdek, f `dvdsdie ij Eirtmlfst Nfeh Jdrst Detlrelt Nfeh ij De`dfef Nfeh ij Detlrelt \QF
Pypl
Qfvdeks Qfvdeks Qfvdeks Qfvdeks GGF GGF GGF Qfvdeks Qfvdeks Qfvdeks GGF Qfvdeks GGF Qfvdeks Qfvdeks Qfvdeks GGF GGF GGF GGF
^ftl
2.4<% 2.4<% 2.42% 2.=;% 2.=:% 2.=<% 2.=<% 2.=2% 2.;<% 2.42% 2.42% 2.42% 2.42% 2.=<% 2.=<% 2.=<% 2.=<% 2.=2% 2.=2% 2.;<%
Girl detlrelt nfeh aigpltdtdie ti`fy
[mle wl gf`l iur dedtdfc devlstglet de NIJD de >224, dt mf` fgiekst tml mdkmlst rftls jir A@s fe` sfvdeks faaiuets faair`dek ti www.nfehrftl.aig Pi`fy, euglrius aigpltdtirs mfvl nlaigl girl fkkrlssdvl de tml detlreltiecy gfrhlt, wdtm NIJD rfehdek jfr ciwlr tmfe gfey aigpltdek jdrgs
Rri`uat
NIJD ^fehdek Pip 62 Nfehs (mdkmlst ti ciwlst FRT ie 1/16/60)
1-Gietm A@ A@ :-Gietm A@ A@ 6-Tlfr A@ A@ <-Tlfr A@ 6-T 6-Tlfr lfr Oug Ougni ni A@
61tm >0tm >>e` 6;tm 6;tm
FciQtfr, Zd ZdrtufcNfeh, Nf Nfracfys, @d @dsaivlr, Lv LvlrNfeh _dies @d @drlat, @i @irfc @d @drlat, Fc FciQtfr, KL KL Afpdtfc Nf Nfeh, Gy Gy l-NFeA KL Af Afpdtfc Nf Nfeh, Gy Gy l-NFeA, Zd Zdrtufc Nf Nfeh, Fc FciQtfr, Ai Aicirf`i Jl Jl`lrfc Qf Qfvdeks Nf Nfeh LvlrNfeh, Nfracfys, dKInfehdek.aig, KL Afpdtfc Nfeh, Qtftl Jfrg Nfeh Gy L-NF L-NFeA eA,, KL Afpd Afpdtf tfcc Nfeh Nfeh,, Zdrt Zdrtuf ufcN cNfe feh, h, FciQ FciQtf tfr, r, Migl Migl Qfvde fvdeks ks Nfeh Nfeh
GGF/Qfvdeks >2tm KL Af Afpdtfc Nf Nfeh, AD ADP Nf Nfeh, Nf Nfracfys, KL KL Af Afpdtfc Nf Nfeh, Qf Qfccdl Gf Gfl GGF/ GGF/62 62H H Qfv Qfvde deks ks 61tm 61tm KL Afpd Afpdtf tfcc Nfe Nfeh, h, Qfc Qfccdcdl l Gfl Gfl,, Rfc Rfccf cf`d `dfe fe Rrvd Rrvdft ftlN lNfe feh, h, Lvl LvlrN rNfe feh, h, Aic Aicir irf` f`i i Jl` Jl`lr lrfc fc Qfvd Qfvdek eks s Nfe Nfeh h GGF/Ougni GGF/Ougni Qfvde Qfvdeks ks eit cdstl` cdstl` KL Afpdtfc Afpdtfc Nfeh, Nfeh, Qfccdl Qfccdl Gfl, Gfl, Aicirf`i Aicirf`i Jl`lr Jl`lrfc fc Qfvdeks, Qfvdeks, @dsaiv @dsaivlr lr Nfeh, Nfeh, JENI @drlat @drlat
Aigpltdtdie jrig Itmlr Iecdel Nfehs [dcc Rrlssurl EDGs fe` Kriwtm
Irkfeda faaiuet kriwtm mfs stfccl`
NIJD gf`l f sgfcc faqudsdtdie de >261 wmdam dearlfsl` eugnlr ij faaiuets F`oustdek jir tmds faqudsdtdie, eugnlr eugnlr ij faaiuets mfs rlaletcy `lacdel`
:/12 :/12/6 /62 2 Faaiuets ft Nlkdeedek
:/1 :/12/66 2/66
1/16 1/16/6 /6> >
:/1 :/12/6> 2/6>
>;,;0:
1>,=4=
1>,=11
Vufrtlr Le`dek 4/12 4/12/6 /6> > 6>/1 6>/16/ 6/6> 6> 1>,>;>
11,16>
1/12 1/12/6 /61 1
:/12 :/12/6 /61 1
4/12 4/12/6 /61 1
6>/1 6>/16/ 6/61 61
1<,64:
1<,060
10,:;2
02,401
Faqudsdtdi es
=,022
Elt F``dtdies Faaiuets ft Le`
<,6<> >;,;0:
1>,=4=
(:<)
( <:6)
6,202
6,==0
>6=
( ;00)
(> ( >,6>;)
(6 ( 6,=<>)
1>,=11
1>,>;>
11,16>
1<,64:
1<,060
10,:;2
02,401
14,246
F`oustdek jir f rlalet faqudsdtdie, NIJD mfs eit kriwe elt austiglrs ivlr tml pfst ylfr
^fpd` `lpisdt kriwtm trdkklrl` ny `lacdedek rftls
NIJD `lpisdt kriwtm mfs nlle `rdvle ny ciw-detlrlst levdrieglet tmldr ~6% `lpisdt rftl ds fttrfatdvl wmle aigpltdtirs ijjlr ~2% ~<2% `lpisdt kriwtm de jdsafc >262 aidead`dek wdtm 6<2nps `rip de `lpisdt aists
NIJD—s rlcftdvl vfcul pripisdtdie dgprivl` sdkedjdafetcy wmle aigpltdek nrdahnrdah fe`-girtfr nfehs ciwlrl` rftls ti elfr-zlri
Jirwfr` aurvl ds eit ciihdek kii` jir NIJD
Nfsl` ie ti`fy—s jirwfr` ydlc` aurvl, NIJD—s EDGs wdcc cdhlcy rlvlrt nfah ti ciek-tlrg ciek-tlrg –eirgfcdzl`‗ prijdtfndcdty de aigdek ylfrs 6
NIJD
Fsslt Fsslt Tdlc` Tdlc` Jue`dek Aist Elt Detlrlst Gfrkde Lfredek Fsslts Elt Detlrlst Deaigl % Amfekl Elt Deaigl 1
<.21% <.21% 6.2>% 0.26%
>
Amfekl '6; Aurvl
6.6>% >.==% (6.;:%)
:.6<% 3--- Nfsl` ie jirwfr` 62-ylfr aurvl, fsslt ydlc`s wdcc rdsl 1.42% 3--- Nfsl` ie jirwfr` 6-ylfr rftls, NIJD's jue`dek aist wdcc rdsl girl >.><%
$1,>;: $616
$2 ($<=)
$1,>;: $;0 ( 00%)
$<>
($1<)
$6=
% A m f e kl
( : : % ) 3--- Dccusrtrftdvl elt deaigl dgpfat jrig jirwfr` rftl aurvl
6. Nfsl` ie qufrtlr le`dek le`dek @lalgnlr 16, >261 >. Nfsl` ie jirwfr` ydlc` aurvl jir >26; 1. F`oustl` jir 02% 02% tfx rftl
Pml jirwfr` ydlc` aurvl ds jcfttledek8 jir f nfeh wdtm f cfrkl elkftdvl rftl kfp fe` ciek `urftdie fsslts cdhl NIJD, tmds dgpcdls f rl`uatdie de prijdtfndcdty
Ruttdek dt fcc tikltmlr? NIJD EDG kidek ti jfcc
NIJD—s EDGs fe` kriwtm frl eit lvd`leal ij f suplrdir nusdelss gi`lc, nut jfatirs rlcftl` ti ti`fy—s ciw detlrlst rftl levdrieglet Detlrelt nfehs klelrfccy mfvl ciwlr EDGs tmfe tmldr nrdah-fe`-girtfr pllrs nlafusl tmly pfy girl jir `lpisdts fe` lfre clss ie fsslts NIJD mfs nleljdttl` jrig f elkftdvl rftl kfp fe` tdglcy nlts ie GNQ Ie fvlrfkl, detlrelt nfehs mfvl mdkmlr jue`dek aists, fe` girl prdal slesdtdvl `lpisdtirs…
… fe` lfre ciwlr ydlc`s ie fsslts…
… rlsuctdek de ciwlr EDGs tmfe tmldr pllrs
@lacdedek girtkfkl kfde ie sfcl
Zfst gfoirdty ij NIJD—s eie-detlrlst eie-detlrlst deaigl mfs nlle jrig tml kfde-ie-sfcl ij girtkfkl slaurdtdls Qciwdek rljdefeadek fatdvdty wdcc `lprlss girtkfkl sfcls kidek jirwfr`
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@dsacfdglr Fs ij tml puncdaftdie `ftl ij tmds rlpirt, Hlrrds`fcl Afpdtfc Gfefklglet CCA fe` dts fjjdcdftls (aicclatdvlcy "Hlrrds`fcl"), itmlrs tmft aietrdnutl` rlslfram ti tmds rlpirt fe` itmlrs tmft wl mfvl smfrl` iur rlslfram wdtm (aicclatdvlcy, tml –Futmirs‗) mfvl smirt pisdtdies d d e e fe` gfy iwe iptdies ie tml stiah ij tml aigpfey aivlrl` mlrlde (NijD Mic`dek Dea.) fe` stfe` ti rlfcdzl kfdes de tml lvlet tmft tml prdal ij tml stiah `larlfsls. Jicciwdek puncdaftdie ij tml rlpirt, tml Futmirs gfy trfesfat de tml slaurdtdls ij tml aigpfey aivlrl` mlrlde. Fcc aietlet de tmds tmds rlpirt rlprls let tml ipdedies ij Hlrrds`fcl. Pml Futmirs mfvl intfdel` fcc dejirgftdie mlrlde jrig siurals tmly nlcdlvl ti nl faaurftl fe` rlcdfncl. Miwlvlr, suam dejirgftdie ds prlsletl` –fs ds‗, wdtmiut wfrrfety ij fey hde` ‑ wmltmlr ‑ wmltmlr lxprlss ir dgpcdl`. Pml Futmirs gfhl ei rlprlsletftdie, lxprlss ir dgpcdl`, fs ti tml faaurfay, tdglcdelss, ir aigpcltlelss ij fey suam dejirgftdie ir wdtm rlkfr` ti tml rlsucts intfdel` jrig dts usl. Fcc lxprlssdies ij ipdedie frl sunolat ti amfekl wdtmiut eitdal, fe` tml Futmirs `i eit ue`lrtfhl ti up`ftl ir suppclglet tmds rlpirt ir fey dejirgftdie aietfdel` mlrlde. Pmds `iauglet ds jir dejirgftdiefc purpisls iecy fe` dt ds eit detle`l` fs fe ijjdadfc aiejdrgftdie ij fey trfesfatdie. Fcc gfrhlt prdals, `ftf fe` itmlr dejirgftdie frl eit wfrrfetl` fs ti aigpcltlelss ir faaurfay fe` frl sunolat ti amfekl wdtmiut eitdal. Pml dejirgftdie deacu`l` de tmds `iauglet ds nfsl` upie slclatl` puncda gfrhlt `ftf fe` rljclats prlvfdcdek aie`dtdies fe` tml Futmirs— vdlws fs ij tmds `ftl, fcc ij wmda m frl faair`dekcy sunolat ti amfekl. Pml Futmirs— ipdedies fe` lstdgftls aiestdtutl f nlst ljjirts ou`kglet fe` smiuc` nl rlkfr`l` fs de`daftdvl, prlcdgdefry prlcdgde fry fe` jir dccustrftdvl purpisls iecy. Fey devlstglet devicvls sunstfetdfc rdshs, deacu`dek, nut eit cdgdtl` ti, prdadek vicftdcdty, def`lquftl cdqud`dty, fe` tml pitletdfc aigpcltl ciss ij prdeadpfc. Pmds rlpirt—s lstdgftl` jue`fgletfc vfcul iecy rlprlslets f nlst ljjirts lstdgftl ij tml pitletdfc jue`fgl etfc vfcuftdie ij f spladjda slaurdty, fe` ds eit lxprlssl` fs, ir dgpcdl` fs, fsslssglets ij tml qufcdty ij f slaurdty, f suggfry ij pfst plrjirgfeal, ir fe fatdiefncl devlstglet strftlky jir fe devlstir.
Pmds `iauglet `ils eit de fey wfy aiestdtutl fe ijjlr ir sicdadtftdie ij fe ijjlr ti nuy ir slcc fey devlstglet, slaurdty, ir aiggi`dty `dsaussl` mlrlde ir ij fey ij tml fjjdcdftls ij tml Futmirs. Fcsi, tmds `iauglet `ils eit de fey wfy aiestdtutl fe ijjlr ir sicdadtftdie ij fe ijjlr ti nuy ir slcc fey slaurdty de fey ourds`datdie de wmdam suam fe ijjlr wiuc` nl uecfwjuc ue`lr tml slaurdtdls cfws ij suam ourds`datdie. Pi tml nlst ij tml Futmirs— fndcdtdls fe` nlcdljs, fcc dejirgftdie aietfdel` mlrlde ds faaurftl fe` rlcdfncl. Pml Futmirs rlslrvl tml rdkmts jir tmldr fjjdcdftls, ijjdalrs, fe` lgpciylls ti mic` afsm ir `lrdvftdvl pisdtdies de fey aigpfey `dsaussl` de tmds `iauglet ft fey tdgl. Fs ij tml irdkdefc puncdaftdie `ftl ij tmds `iauglet, devlstirs smiuc` fssugl tmft tml Futmirs mfvl pisdtdies de jdefeadfc `lrdvftdvls tmft rljlrleal tmds slaurdty fe` stfe` ti pitletdfccy rlfcdzl kfdes de tml lvlet tmft tml gfrhlt vfcuftdie ij tml aigpfey—s aiggie lqudty ds ciwlr tmfe prdir ti tml irdkdefc puncdaftdie `ftl. Pmlsl fjjdcdftls, ijjda lrs, ijjda lrs, fe` de`dvd`ufcs smfcc mfvl ei incdkftdie ti dejirg fey devlstir fniut tmldr mdstirdafc, aurrlet, fe` juturl trf`dek fatdvdtdls. De f``dtdie, tml Futmirs gfy nleljdt jrig fey amfekl de tml vfcuftdie ij fey itmlr aigpfedls, slaurdtdls, ir aiggi`dtdls `dsaussl` de tmds `iauglet. Fefcysts wmi prlpfrl` tmds rlpirt frl aigplesftl` nfsl` upie (fgiek itmlr jfatirs) tml ivlrfcc prijdtfndcdty ij tml Futmirs— iplrftdies fe` tmldr fjjdcdftls. Pml a igplesftdie a igplesftdie struaturl jir tml Futmirs— fefcysts ds klelrfccy f `lrdvftdvl ij tmldr ljjlatdvlelss de klelrftdek fe` aigguedaftdek elw devlstglet d`lfs f e` tml plrjirgfeal ij rlaiggle`l` strftlkdls jir tml Futmirs. Pmds aiuc` rlprlslet f pitletdfc aiejcdat ij detlrlst de tml stftlglets fe` ipdedies de tml Futmirs— `iauglets. Pml dejirgftdie aietfdel` de tmds `iauglet gfy deacu`l, ir deairpirftl ny rljlrleal, jirwfr`-ciihdek stftlglets, wmdam wiuc` deacu`l fey stftlglets tmft frl eit stftlglets ij mdstirdafc jfat. Fey ir fcc ij tml Futmirs— jirwfr` -ciihdek jirwfr` -ciihdek fssugptdies, lxplatftdies, priolatdies, detletdies ir nlcdljs fniut juturl lvlets gfy ture iut ti nl wriek. Pmlsl jirwfr`-ciihdek stftlglets afe nl fjjlatl` ny defaaurftl fssugptdies ir ny heiwe ir ueheiwe rdshs, uealrtfdetdls fe` itmlr jfatirs, gist ij wmdam frl nlyie` tml Futmirs— aietric. Devlstirs smiuc` aie`uat de`lple`let `ul `dcd kleal, kleal, wdtm fssdstfeal jrig prijlssdiefc jdefeadfc, clkfc fe` tfx lxplrts, ie fcc slaurdtdls, aigpfedls, fe` aiggi`dtdls `dsaussl` de tmds `iauglet fe` `lvlcip f stfe`-fciel ou`kglet ij tml rlclvfet gfrhlts prdir ti gfhdek fey devlstglet `ladsdie.
