Está en la página 1de 2



$UUHSHQWtRV\FRQYHUWtRV

$UUHSHQWtRV\FRQYHUWtRV
'LFH OD SDODEUD GH 'LRV 3HUR 'LRV KDELHQGR SDVDGR SRU DOWR ORV WLHPSRV GH HVWD LJQRUDQFLD
DKRUD PDQGD D WRGRV ORV KRPEUHV HQ WRGR OXJDU 48( 6( $55(3,(17$1 SRU FXDQWR KD
HVWDEOHFLGR XQ GtD HQ HO FXDO MX]JDUi DO PXQGR FRQ MXVWLFLD SRU DTXHO YDUyQ D TXLHQ GHVLJQy
GDQGRIHDWRGRVFRQKDEHUOHOHYDQWDGRGHORVPXHUWRV +FK (OPHQVDMHGRFWULQDOGH
DUUHSHQWLPLHQWRHVWiFRQWHQLGRDORODUJRGHWRGRHOQXHYRWHVWDPHQWR/DSDODEUDDUUHSHQWLPLHQWR
GHO JULHJR 0HWDQRLD TXH TXLHUH GHFLU FDPELR GH PHQWH HVWi tQWLPDPHQWH UHODFLRQDGD DO
SHFDGR1LQJXQDSHUVRQDSXHGHVHUUHJHQHUDGDVLQH[SHULPHQWDUHODUUHSHQWLPLHQWRSULPHURHV
HOSDVREiVLFRSDUDEXVFDUODVDOYDFLyQGHODOPD(VWRQRTXLHUHGHFLUTXHHODUUHSHQWLPLHQWRHQVt
VDOYD SHUR OH SHUPLWH D OD SHUVRQD TXH OR H[SHULPHQWD SRGHU OOHJDU DO OXJDU GRQGH SXHGH VHU
HQFRQWUDGD \ DOFDQ]DGD SRU OD EHQGLWD PLVHULFRUGLD GH 'LRV \ REWHQHU GH HVWD PDQHUD HO VHU
OLEUDGRGHODFRQGHQDFLyQHWHUQDFRPRMXVWRSDJRDOSHFDGRFRPHWLGR
'LRV HQYLy D VX KLMR -HVXFULVWR FRQ XQ PHQVDMH HVSHFtILFR \ FODUR 'HVGH HQWRQFHV FRPHQ]y
-HV~VDSUHGLFDU\DGHFLU$UUHSHQWtRVSRUTXHHOUHLQRGHORVFLHORVVHKDDFHUFDGR 0W 
(QODSUiFWLFDUHOLJLRVDPRGHUQDHVPX\FRP~QHQFRQWUDUFUH\HQWHVTXHKDQH[SHULPHQWDGRXQ
DUUHSHQWLPLHQWR SHUR PiV HPRFLRQDO TXH UDFLRQDO 1RWH XVWHG PL TXHULGR KHUPDQR TXH HO
VLJQLILFDGR GH OD SDODEUD TXH -HV~V XVy HQ VX PHQVDMH LPSOLFDED XQ FDPELR SURIXQGR FXDQGR
DOJXLHQVHDUUHSHQWtDSXHVOOHYDLPSOtFLWDODH[KRUWDFLyQDXQFDPELRGHPHQWHFRQUHVSHFWRDO
PDOFRPHWLGR1RVRQVyOROiJULPDVSURGXFWRGHXQDPRWLYDFLyQGHFRQFLHQFLDVLQRXQFDPELR
GHDFWLWXGFRQWUDHVHSHFDGRFRPHWLGR0LFRQGXFWDSRVWHULRUDODUUHSHQWLPLHQWRGHWHUPLQDUiVLPL
DUUHSHQWLPLHQWRIXHJHQXLQRRIDOVRSRUHVRGLMR-XDQHO%DXWLVWDDODJHQWHTXHVHEDXWL]DEDSDUD
DUUHSHQWLPLHQWRGHVXVSHFDGRV+DFHGSXHVIUXWRVGLJQRVGHDUUHSHQWLPLHQWR\QRFRPHQFpLV
D GHFLU GHQWUR GH YRVRWURV PLVPRV 7HQHPRV D $EUDKDP SRU SDGUH /F   /R PiV
IUHFXHQWHGHFtDDQWHULRUPHQWHHVHQFRQWUDUIDOVRVDUUHSHQWLGRV\DTXHVXPDOWHVWLPRQLR\PDOD
DFWLWXG HQ UHODFLyQ DO HUURU MX]JDGR VH UHSLWH XQD \ RWUD YH] GDQGR D HQWHQGHU TXH QR KD\ XQ
FDPELRGHPHQWH3DUDTXHH[LVWDXQJHQXLQRDUUHSHQWLPLHQWRWLHQHTXHGDUVHORTXHVXFHGLyFRQ
HOKLMRSUyGLJRXQFDPELRGHDFWLWXGOHDPRV0HOHYDQWDUpHLUpDPLSDGUH\OHGLUp3DGUHKH
SHFDGR FRQWUD HO FLHOR \ FRQWUD WL < OHYDQWiQGRVH YLQR D VX SDGUH  /F   (O KLMR
SUyGLJRQRVyORSHQVyQLVyORVHHPRFLRQyVLQRTXHDFWXy\DOFDQ]yODPLVHULFRUGLDGHVXSDGUH
TXLHQ OR UHFLELy FRQ JR]R \ PXFKD PLVHULFRUGLD 2WUR FDVR VH GHVFULEH HQ 0DWHR 
OHDPRV3HURTXpRVSDUHFH"8QKRPEUHWHQtDGRVKLMRV\DFHUFiQGRVHDOSULPHUROHGLMR+LMR
YpKR\DWUDEDMDUHQPLYLxD5HVSRQGLHQGRpOGLMR1RTXLHURSHURGHVSXpVDUUHSHQWLGRIXH
1RWHTXHDOSULQFLSLRGLMRTXHQRLUtDSHURFDPELDQGRVXPDQHUDGHSHQVDU DUUHSHQWLPLHQWR KL]R
ORTXHVXSDGUHOHSLGLyORJUDQGRFRQHVWDDFWLWXGKDFHUODYROXQWDGGHVXSDGUH\DOFDQ]DUVX
GDWDWH[WKWPOFKDUVHW XWI&KHDGHUFODVV'HQWU\KHDGHUVW\OH'GLVSOD\$EORFN%ERUGHUERWWRPZLGWK$S





$UUHSHQWtRV\FRQYHUWtRV

EHQGLFLyQ 8Q WHUFHU HMHPSOR HV OR GHVFULWR HQ HO OLEUR GH ORV +HFKRV  $Vt TXH
DUUHSHQWtRV \ FRQYHUWtRV SDUD TXH VHDQ ERUUDGRV YXHVWURV SHFDGRV SDUD TXH YHQJDQ GH OD
SUHVHQFLDGHO6HxRUWLHPSRVGHUHIULJHULR\pOHQYtHD-HVXFULVWRTXHRVIXHDQWHVDQXQFLDGR
(VLPSRUWDQWHREVHUYDUTXHDFRPSDxDGRDODUUHSHQWLPLHQWR FDPELRGHPHQWH HVWiODFRQYHUVLyQ
*U(SLVWURSKHYROYHUVHYROYHUVHKDFLD (VWDSDODEUDOOHYDLPSOtFLWRGRVFRQFHSWRV9ROYHUVH
GH9ROYHUVHKDFLDFRPRORGLFHHO6HxRU\FyPRRVFRQYHUWLVWHLVGHORVtGRORVD'LRV
SDUD VHUYLU DO 'LRV YLYR \ YHUGDGHUR 7V   'LRV HVSHUD XQ DUUHSHQWLPLHQWR GH FRUD]yQ
DFRPSDxDGRGHIUXWRVGLJQRV FRQYHUVLyQ ORVFXDOHVVHUiQODHYLGHQFLDGHPLLQWLPLGDGFRQHO
'LRVYHUGDGHURFX\DPDQLIHVWDFLyQHQPtVHUiODVDQWLGDG(VWDH[SHULHQFLDUHDO\YHUGDGHUDPH
OOHYDDXQSURIXQGRSHVDUSRUHOSHFDGR\HOGRORUHQPtPHOOHYDUiDODUUHSHQWLPLHQWR\FRQIHVLyQ
GHOSHFDGRFRPHWLGRHO5H\'DYLGGHFtD3HUR\RHVWR\DSXQWRGHFDHU\PLGRORUHVWiGHODQWH
GH Pt FRQWLQXDPHQWH 3RU WDQWR FRQIHVDUp PL PDOGDG \ PH FRQWULVWDUp SRU PL SHFDGR 6DO
 +HDTXtODLPSRUWDQFLDGHHVWDGRFWULQDVLKD\XQFDPELRGHPHQWHKDEUiXQFDPELRGH
GLUHFFLyQ GHO SHFDGR KDFLD 'LRV OHDPRV FRPR OR GLFH OD SDODEUD GH 'LRV  SDUD TXH VH
FRQYLHUWDQGHODVWLQLHEODVDODOX]\GHODSRWHVWDGGH6DWDQiVD'LRVSDUDTXHUHFLEDQSRUODIH
TXHHVHQPtSHUGyQGHSHFDGRV\KHUHQFLDHQWUHORVVDQWLILFDGRV +FK *ORULDD'LRV
SRU WRGRV ORV VLJORV 3HUPDQH]FDPRV HQ VX JUDFLD \ PLVHULFRUGLD SDUD DOFDQ]DU VXV SUHFLRVDV
SURPHVDV$PDGRVKHUPDQRVDUUHSHQWtRV\FRQYHUWtRVGHFRUD]yQSDUDTXHYHQJDQGH'LRVODV
EHQGLFLRQHVSRUPHGLRGHODIH4XH'LRVOHVEHQGLJD

GDWDWH[WKWPOFKDUVHW XWI&KHDGHUFODVV'HQWU\KHDGHUVW\OH'GLVSOD\$EORFN%ERUGHUERWWRPZLGWK$S



También podría gustarte