,167$/$d®2'2)2512'((0%87,5
'(%$,;2'$3/$&$
&RQVHOKRV
,PSRUWDQWHTXDOTXHUWLSRGHLQWHUYHQomRGH
LQVWDODomRRXGHPDQXWHQomRGHYHVHUHIHFWXDGR
FRPRIRUQRGHVOLJDGRGDHQHUJLDHOpFWULFD
$LQVWDODomRGHYHVHUHIHFWXDGDSRUXP7pFQLFR
KDELOLWDGRVHJXQGRDVLQVWUXo}HVGR)DEULFDQWHH
VHJXQGRDVQRUPDVORFDLVHPYLJRU
$SyVWHUGHVHPEDODGRRIRUQRYHULILTXHVHR
DSDUHOKRQmRILFRXDYDULDGRGXUDQWHRWUDQVSRUWH
HVHDSRUWDIHFKDFRUUHFWDPHQWH
(PFDVRGH
G~YLGDGLULMDVHDRUHYHQGHGRURXDR
6HUYLoRGH$VVLVWrQFLDWpFQLFDPDLVSHUWR
$SyVWHUGHVHPEDODGRRIRUQRGHL[HRDSRLDGR
jEDVHGHHVIHURYLWHSDUDHYLWDUTXHVHHVWUDJXH
3DUDLQVWDODURIRUQRDFRQVHOKDVHDYHVWLUOXYDV
GHSURWHFomR
1mROHYDQWHRIRUQRDJDUUDQGRRSHODPDQLOKDGD
SRUWDPDVSHODVGHYLGDVDEHUWXUDVFRORFDGDVDRV
ODGRV
3UHSDUDomRGRPyYHOGHHPEXWLU
)RUQRGHHPEXWLUGHEDL[RGDSODFD
2VPyYHLVGDFR]LQKDTXHHVWmRHPFRQWDFWR
GLUHFWRFRPRIRUQRGHYHPVHUUHVLVWHQWHVDR
FDORUPtQ&
([HFXWDUWRGRVRVWUDEDOKRVGHFRUWHQRPyYHOH
QDSODFDGHWUDEDOKRDQWHVGHLQWURGX]LURV
DSDUHOKRV5HWLUDUFXLGDGRVDPHQWHDVDSDUDVRXD
VHUUDGXUDTXHSRGHPYLUDHVWUDJDUR
IXQFLRQDPHQWRGRVDSDUHOKRV
$VGLPHQV}HVGRIRUQRHGRPyYHOHQFRQWUDPVH
LOXVWUDGDVQDVILJXUDV
3DUDDVVHJXUDUXPDFRUUHFWDYHQWLODomR
DFRQVHOKDVHDGHL[DUXPDDEHUWXUDQRIXQGRGR
PyYHOUHVSHLWDQGRDVGLPHQV}HVGDILJ
eQHFHVViULRXPDGLVWkQFLDPtQLPDGHPP
HQWUHRERUGRVXSHULRUGRIRUQRHRERUGR
LQIHULRUGDSODFDGHWUDEDOKR
(VWDDEHUWXUDQmR
GHYHQXQFDVHUIHFKDGDILJ
'XUDQWHDLQVWDODomRSUHVWDUDWHQomRSDUDTXHDV
SDUHGHVGRIRUQRQmRILTXHPHPGLUHFWR
FRQWDFWRFRPRVPyYHLVTXHVHHQFRQWUDPSRU
SHUWR
6HRPyYHOQmRHVWLYHUEHPSUHVRjSDUHGHGHYH
VHUSUHVRFRPSUHVLOKDVGRWLSRFRPHUFLDO
*
YLGHILJ
3ODFDGHFR]HGXUD
$WHQomR
SDUDLQVWDODUDSODFDGHFR]HGXUDQXPD
VXSHUItFLHGHPDWHULDOGLIHUHQWHGDPDGHLUDPiUPRUH
SOiVWLFRFHUkPLFDSHGUDHWFOHPEUHVHGHSHGLURV
HVTXDGURVGHIL[DomRILJ SDUDR6HUYLoRGH
$VVLVWrQFLD7pFQLFD
$SODFDGHFR]HGXUDGHYHVHUHPEXWLGDQXPDSODFD
GHWUDEDOKRFRPXPDHVSHVVXUDGHPtQDWpPi[
PP
1mRLQWHUSRQKDPDWHULDLVHQWUHDSODFDGH
FR]HGXUDHRIRUQRSRUH[WUDYHVVDVLVRODQWHV
HWF
8PPyYHOGHFROXQDDRODGRGHYHUiWHUXPD
GLVWkQFLDGHSHORPHQRVPPGRERUGRGD
SODQRGHFR]HGXUDILJ
)D]HUQDSODFDGHWUDEDOKRXPDDEHUWXUDFRPDV
GLPHQV}HVLQGLFDGDVQD)LFKDGR3URGXWRGD
SODFDGHFR]HGXUDIRUQHFLGDFRPDPHVPD
$FRQVHOKDVHDIHFKDURVERUGRVLQWHUQRVGD
SODFDGHWUDEDOKRFRPFRODSDUDPDGHLUDRX
VLOLFRQH
&RORFDUQDSODFDGHFR]HGXUDDJXDUQLomR
IRUQHFLGDVHQmRH[LVWLUMiDSyVWHUOLPSR
FXLGDGRVDPHQWHDVXSHUItFLHGHDSOLFDomR
3ODFDWUDGLFLRQDO
,PSRUWDQWHDQWHVGHLQVWDODUDSODFDGH
FR]HGXUDUHWLUDUDHYHQWXDOSHOtFXODGH
SURWHFomR
6HDSODFDGHWUDEDOKRpHPPDGHLUD
XWLOL]DUDVGHYLGDVPRODVHSDUDIXVRV
IRUQHFLGRV
,QWURGX]LUDVPRODV%ILJ QDVUHODWLYDV
JXLDVQRODGRLQIHULRUGDSODFDGHFR]HGXUD
,QVWDODUDSODFDGHFR]HGXUDQDSODFDGH
WUDEDOKR
6HDSODFDGHWUDEDOKRpHPPiUPRUHRX
RXWURPDWHULDOSOiVWLFRFHUkPLFDSHGUD
HWF
DIL[DomRGDSODFDGHFR]HGXUDGHYHVHU
HIHFWXDGDFRPDVSUHVLOKDVDGHTXDGDV&
ILJ FyGLJRGLVSRQtYHLV
FRPRVHWFRPSOHWRQR6HUYLoRGH$VVLVWrQFLD
7pFQLFD
3UHQGHUDVSUHVLOKDVQRVGHYLGRVIXURVFRPRV
SDUDIXVRVIRUQHFLGRV
,QVWDODUDSODFDGHFR]HGXUDQDSODFDGH
WUDEDOKR
10200064bPT.fm Page 16 Friday, April 8, 2005 10:21 AM