Está en la página 1de 20

$872'(6.

,19(1725352)(6,21$/

)LJXUD

,QJ)HUQDQGR)ORUHV-iXUHJXL 
$872'(6.,19(1725352)(6,21$/

0HQ~GHDSOLFDFLyQ $SSOLFDWLRQPHQX 
(O PHQ~ GH $SOLFDFLyQ HVWD XELFDGR HQ OD HVTXLQD VXSHULRU L]TXLHUGD GH OD SDQWDOOD GH $XWRGHVN
,QYHQWRU
 

$













&


'

)LJXUD
a) 6HDUFK 0HQ~: Una herramienta de búsqueda ubicada en la parte superior del menú de
aplicación, permite buscar HQ WLHPSR UHDO GH WRGRV ORV FRPDQGRV ORFDOL]DGRV HQ OD FLQWD GH
RSFLRQHV /RV UHVXOWDGRV GH OD E~VTXHGD SXHGHQ LQFOXLU FRPDQGRV GHO PHQ~ LQIRUPDFLyQ VREUH
KHUUDPLHQWDV EiVLFDV \ PHQVDMHV GH WH[WR GH ORV FRPDQGRV 3XHGH LQWURGXFLU XQ WpUPLQR GH
E~VTXHGDHQFXDOTXLHULGLRPD.
b) 5HFHQW 'RFXPHQWV y 2SHQ 'RFXPHQWV: Los botones en la parte superior del menú de
aplicación permiten ver y acceder los documentos recientemente usados y abiertos,

reconocimiento. YXQDQXHYDRSFLyQHQODOLVWDGHGRFXPHQWRVUHFLHQWHVOHSHUPLWHRUGHQDUORVSRU
presentando iconos de previsualización pequeños o grandes, lo cual facilita su

IHFKDGHDFFHVRDGHPiVGHOWDPDxRWLSR\OLVWDRUGHQDGD
c) 2SWLRQV: Abre el cuadro de diálogo $SSOLFDWLRQ 2SWLRQV 2SFLRQHV GH OD $SOLFDFLyQ , que
controla en 14 fichas aspectos diversos del funcionamiento de $XWRGHVN,QYHQWRU.
d) ([LW,QYHQWRU: Botón que permite salir del programa.

8VDQGRHVWHPHQ~SXHGH

 ,QJ)HUQDQGR)ORUHV-iXUHJXL
$872'(6.,19(1725352)(6,21$/

ƒ &UHDUXQQXHYRDUFKLYR 1HZ
ƒ $EULUXQDUFKLYRH[LVWHQWH 2SHQ
ƒ *XDUGDUHODUFKLYRDFWXDO 6DYH
ƒ *XDUGDUXQDUFKLYRFRQRWURQRPEUHJXDUGDUXQDFRSLDGHODUFKLYRRJXDGDUHODUFKLYRDFWLYR
FRPRXQDSODQWLOODHQODFDUSHWDGHWHPSODWH SODQWLOOD  6DYH$V
ƒ ([SRUWDUXQDUFKLYR':)3')XRWURVIRUPDWRV&$'LPDJHQ ([SRUW
ƒ $GPLQLVWUDUHODUFKLYR\UiSLGDPHQWHPLJUDURDFWXDOL]DUWRGRVORVDUFKLYRVDFWXDOPHQWHDELHUWRV
0DQDJH 
ƒ $FFHGHUL3URSHUWLHV L3URSHUWLHV 
ƒ $FFHGHUDO9DXOW 9DXOW6HUYHU 
ƒ ,PSULPLUXQDUFKLYR 3ULQW 
ƒ &HUUDUODDSOLFDFLyQ &ORVH 


%DUUDGHKHUUDPLHQWDVGHDFFHVRUiSLGR 4XLFN$FFHVV7RROEDU
/DEDUUDGHKHUUDPLHQWDVGHDFFHVRUiSLGRVHKDPHMRUDGRFRQPiVIXQFLRQDOLGDGHV\SDUDJDUDQWL]DUOD
FRKHUHQFLDFRQRWUDVDSOLFDFLRQHVGH:LQGRZVŠ(OPHQ~GHOFOLFGHUHFKRLQFOX\HQXHYDVRSFLRQHVTXH
OHSHUPLWHQHOLPLQDUIiFLOPHQWHODVKHUUDPLHQWDVGHODEDUUDGHKHUUDPLHQWDVDxDGLUVHSDUDGRUHVHQWUH
ODVKHUUDPLHQWDV\PRVWUDUODEDUUDGHKHUUDPLHQWDVGHDFFHVRUiSLGRVREUH DERYH RGHEDMR EHORZ 
GHODFLQWDGHRSFLRQHV

)LJXUD0HQ~GHOFOLFGHUHFKRGHODEDUUDGHKHUUDPLHQWDVGHDFFHVRUiSLGR
ƒ /DEDUUDGHKHUUDPLHQWDVGHDFFHVRUiSLGRHVODEDUUDGHODKHUUDPLHQWDSHTXHxDXELFDGDHQOD
SDUWHVXSHULRUL]TXLHUGDGHODSDQWDOOD
ƒ 8VDQGRHVWDEDUUDGHKHUUDPLHQWDVSXHGH
o &UHDUXQQXHYRDUFKLYR
o $EULUXQDUFKLYRH[LVWHQWH
o *XDUGDUHODUFKLYRDFWXDO
o 'HVKDFHU\UHKDFHU
o 1DYHJDFLyQGHHQWRUQRV
o $FWXDOL]DUHOGRFXPHQWR
o )LOWURVGHVHOHFFLyQ
o &DPELDUHOFRORUGHODSLH]D
o $FFHGHUDOGRFWRUGHGLVHxR
ƒ /DSUiFWLFDEDUUDGHKHUUDPLHQWDVFRQWLHQH

,QJ)HUQDQGR)ORUHV-iXUHJXL 
$872'(6.,19(1725352)(6,21$/

)LJXUD
$GHPiVDOKDFHUFOLFL]TXLHUGRHQODIOHFKDGHODEDUUDGHKHUUDPLHQWDVGHDFFHVRUiSLGRVHLQFOX\HXQ
QXHYRPHQ~GHVSOHJDEOHTXHGHVSOLHJDXQDOLVWDKHUUDPLHQWDVFRPXQHVTXHVHSXHGHQVHOHFFLRQDUSDUD
LQFOXLUHQODEDUUDGHKHUUDPLHQWDVGHDFFHVRUiSLGR(OPHQ~GHVSOHJDEOHSURSRUFLRQDHODFFHVRIiFLOD
KHUUDPLHQWDV DGLFLRQDOHV SDUD XWLOL]DU HO SDQHO GH OLVWD GH FRPDQGRV &RPPDQG /LVW  HQ HO (GLWRU &8,
3HUVRQDOL]DUOD,QWHUID]GHO8VXDULR 2WUDVRSFLRQHVOHSHUPLWHQPRVWUDUODEDUUDGHKHUUDPLHQWDVGH
DFFHVRUiSLGRGHEDMRGHODFLQWDGHRSFLRQHV


)LJXUD


 ,QJ)HUQDQGR)ORUHV-iXUHJXL
$872'(6.,19(1725352)(6,21$/

%DUUDGHWtWXOR 7LWOHEDU 
/DEDUUDGHWtWXORYLVXDOL]DHOQRPEUHGHODUFKLYRDELHUWRDFWXDO

)LJXUD

&LQWDGHRSFLRQHV 5LEERQ 
+DEUi QRWDGR TXH QR KD\ QLQJXQD YHQWDQD GH OtQHD GH FRPDQGR HQ $XWRGHVN ,QYHQWRU (O SURFHVR
FRPSOHWRGHGLVHxRVHOOHYDDFDERPHGLDQWHODHMHFXFLyQGHORVFRPDQGRVGHODVILFKDVHQOD&LQWDGH
RSFLRQHV /D &LQWD GH RSFLRQHV HV XQD EDUUD ODUJD GLVSRQLEOH GHEDMR GH OD EDUUD GH KHUUDPLHQWDV GH
$FFHVR 5iSLGR HVWD KHUUDPLHQWD SURYHH XQ IiFLO DFFHVR D ODV P~OWLSOHV KHUUDPLHQWDV GH ,QYHQWRU D
WUDYpVGHXQDFROHFFLyQGH7DEV )LFKDV \3DQHOV 3DQHOHV &DGD7DEFRQWLHQHGLYHUVRV3DQHOV \
FDGD 3DQHO GLYHUVDV KHUUDPLHQWDV DOJXQRV SDQHOHV SXHGHQ GHVSOHJDUVH GDQGR DFFHVR D P~OWLSOHV
KHUUDPLHQWDV DGLFLRQDOHV 3XHGH FDPELDU OD DSDULHQFLD GH OD &LQWD GH RSFLRQHV 3DUD HOOR KDJD FOLF
GHUHFKR VREUH pO XQ PHQ~ FRQWH[WXDO VH YLVXDOL]DUi 6HOHFFLRQH 5LEERQ $SSHDUDQFH $SDULHQFLD GH OD
&LQWDGHRSFLRQHV GHHVWHPHQ~GHDWDMRSDUDLQYRFDUXQPHQ~HQFDVFDGD$FRQWLQXDFLyQVHOHFFLRQH
ODRSFLyQUHTXHULGDGHOPHQ~GHVSOHJDEOH

)LJXUD
$XWRGHVN ,QYHQWRU OH SURSRUFLRQD GLIHUHQWHV ILFKDV DO WUDEDMDU FRQ GLYHUVRV HQWRUQRV GH GLVHxR (VWR
VLJQLILFDTXHODVILFKDVGLVSRQLEOHVHQOD&LQWDGHRSFLRQHVDOWUDEDMDUFRQORVHQWRUQRVGH3DUW 3LH]D 
$VVHPEO\ (QVDPEODMH  'UDZLQJ 'LEXMR  6KHHW 0HWDO &KDSD  \ 3UHVHQWDWLRQ 3UHVHQWDFLyQ  VHUiQ
GLIHUHQWHV
7DPELpQ SXHGH PRVWUDU ODV EDUUDV GH KHUUDPLHQWDV 3DUD HOOR VHOHFFLRQH HO ERWyQ &XVWRPL]H
3HUVRQDOL]DU GHOSDQHO2SWLRQV 2SFLRQHV GHODILFKD7RROV +HUUDPLHQWDV HQOD&LQWDGHRSFLRQHVHO
FXDGUR GH GLiORJR &XVWRPL]H 3HUVRQDOL]DU  VH YLVXDOL]DUi 6HOHFFLRQH OD ILFKD 7RROEDUV %DUUDV GH
KHUUDPLHQWDV  GH HVWH FXDGUR GH GLiORJR OD OLVWD GH WRGDV ODV EDUUDV GH KHUUDPLHQWDV VH PRVWUDUi
6HOHFFLRQH HO QRPEUH GH OD EDUUD GH KHUUDPLHQWDV UHTXHULGR \VHOHFFLRQH HO ERWyQ 6KRZ 0RVWUDU  OD
EDUUDGHKHUUDPLHQWDVVHOHFFLRQDGDDSDUHFHUiHQODSDQWDOOD
3DUDFHUUDUHOFXDGURGHGLiORJR&XVWRPL]HVHOHFLRQHHOERWyQ&ORVH &HUUDU 

)LJXUD

,QJ)HUQDQGR)ORUHV-iXUHJXL 
$872'(6.,19(1725352)(6,21$/

)LJXUD

)LFKD6NHWFK %RFHWR 
(VWD HV XQD GH ODV ILFKDV PiV LPSRUWDQWHV HQ OD FLQWD GH RSFLRQHV 7RGDV ODV KHUUDPLHQWDV SDUD OD
FUHDFLyQ GH ORV ERFHWRV GH ODV SLH]DV HVWiQ GLVSRQLEOHV HQ HVWD ILFKD /D ILFKD 6NHWFK VyOR HVWi
GLVSRQLEOHHQHOHQWRUQRGHERFHWR

/DILFKD6NHWFKVHPXHVWUDHQODVLJXLHQWHILJXUD


)LJXUD/DILFKD6NHWFK


 ,QJ)HUQDQGR)ORUHV-iXUHJXL
$872'(6.,19(1725352)(6,21$/

3DQHO'UDZ 'LEXMR 

3DQHO&RQVWUDLQW 5HVWULFFLyQ 

3DQHO3DWWHUQ 3DWUyQ 

,QJ)HUQDQGR)ORUHV-iXUHJXL 
$872'(6.,19(1725352)(6,21$/

3DQHO0RGLI\ (GLFLyQ 

3DQHO/D\RXW 3UHVHQWDFLyQ 

3DQHO,QVHUW ,QVHUWDU 

3DQHO)RUPDW )RUPDWR 

 ,QJ)HUQDQGR)ORUHV-iXUHJXL
$872'(6.,19(1725352)(6,21$/

3DQHO3DUDPHWHUV 3DUiPHWURV 

&XUVRU


)OHFKD &XDQGRQRHVWDDFWLYRXQFRPDQGR

8QDFUX]FRQXQSXQWR &XDQGRHVWDDFWLYRXQFRPDQGR

9HQWDQDJUiILFD *UDSKLFVZLQGRZ 
9LVXDOL]DORVJUiILFRVGHODUFKLYRDFWXDO
&RQILJXUDFLyQGHODYHQWDQDJUiILFD
3DUDFRQILJXUDUODYHQWDQDSULPHURVHOHFFLRQHODILFKD7RROV +HUUDPLHQWDV 

)LJXUD

/XHJRVHOHFFLRQHODKHUUDPLHQWD³$SSOLFDWLRQ2SWLRQV´ 2SFLRQHVGHOD$SOLFDFLyQ GHOSDQHO2SWLRQV
FRPRHQODILJXUD

)LJXUD
$ FRQWLQXDFLyQVHPXHVWUDHOFXDGURGHGLiORJR$SSOLFDWLRQ2SWLRQV


,QJ)HUQDQGR)ORUHV-iXUHJXL 
$872'(6.,19(1725352)(6,21$/

• &RQILJXUDUFRORUHVGHODYHQWDQDJUiILFD$FWLYHODSHVWDxD&RORUV &RORUHV YHUODILJXUD





0RGR GLVHxR
R GLEXMR


6HOHFFLRQH HO
WLSR GH FRORU
GHIRQGR





6HOHFFLRQHOD
FRPELQDFLyQ
GHFRORUHV

)LJXUD&XDGURGHGLiORJR$SSOLFDWLRQ2SWLRQV


• 9LVXDOL]DU2FXOWDUHOHPHQWRV$FWLYHODILFKD6NHWFK %RFHWR (QHOFXDGURGHJUXSR'LVSOD\


9LVXDOL]DU DFWLYHORVHOHPHQWRVTXHGHVHHPRVWUDU9HUODILJXUD


 ,QJ)HUQDQGR)ORUHV-iXUHJXL
$872'(6.,19(1725352)(6,21$/

)LJXUD2SFLRQHVGH'LVSOD\ 9LVXDOL]DFLyQ 


)LJXUD

1DYHJDGRU %URZVHU
(OQDYHJDGRUHVWiXELFDGRHQHOODGRL]TXLHUGRGHODYHQWDQDGHGLEXMR\GHEDMRGHODFLQWDGHRSFLRQHV
0XHVWUDWRGDVODVRSHUDFLRQHVTXHVHUHDOL]DURQGXUDQWHHOSURFHVRGHGLVHxRHQHORUGHQHQTXHIXHURQ
UHDOL]DGDV7RGDVHVWDVRSHUDFLRQHVVHPXHVWUDQHQIRUPDGHXQiUERO/RVFRQWHQLGRVGHOQDYHJDGRU
VRQGLIHUHQWHVSDUDORVGLIHUHQWHVHQWRUQRVGH$XWRGHVN,QYHQWRU
(O QDYHJDGRU HV XQR GH ORV SULQFLSDOHV FRPSRQHQWHV GH OD LQWHUIDVH FRQ HO XVXDULR (O QDYHJDGRU HV
VHQVLEOHDOFRQWH[WRGHOHQWRUQRTXHHVWDXVDQGR3RUHMHPSORFXDQGRXVWHGWUDEDMDHQHOHQWRUQRGH
HQVDPEOH HO QDYHJDGRU PXHVWUD LQIRUPDFLyQ HVSHFLILFD DO HQWRUQR GH HQVDPEOH &XDQGR XVWHG XVD HO
HQWRUQR GH PRGHODGR GH SLH]DV HO QDYHJDGRU PXHVWUD LQIRUPDFLyQ TXH HV UHOHYDQWH DO PRGHODGR GH
SLH]DV
(OQDYHJDGRUOLVWDWRGDVODVRSHUDFLRQHVRFRPSRQHQWHVGHVXVPRGHORVHQHORUGHQGHFUHDFLyQ
(OQDYHJDGRUPXHVWUDODHVWUXFWXUDGHODVSLH]DVHQVDPEODMHVRGLEXMRVGHODUFKLYRDFWLYR
(O QDYHJDGRU HV XQD KHUUDPLHQWD SRGHURVD TXH SXHGH XWLOL]DUVH SDUD FRPSOHWDU FXDOTXLHUD GH ODV
VLJXLHQWHVDFFLRQHV
• 6HOHFFLRQDURSHUDFLRQHV
• $FFHVRQRUPDOPHQWHXWLOL]DQGRODVRSFLRQHV>SRUHMHPSOR'HOHWH (OLPLQDU HGLW HGLWDU @
• %XVFDURSHUDFLRQHV
• &UHDU\HGLWDUSDUiPHWURV
,QJ)HUQDQGR)ORUHV-iXUHJXL 
$872'(6.,19(1725352)(6,21$/

• (GLWDURSHUDFLRQHV
• 9HULQIRUPDFLyQVREUHODVRSHUDFLRQHV
• &DPELDUHORUGHQGHODVRSHUDFLRQHV KDJDFOLF\DUUDVWUH 
• $EULUFRPSRQHQWHVHQXQHQVDPEODMH
/DVLJXLHQWHILJXUDPXHVWUDHOQDYHJDGRU\VXEDUUDGHKHUUDPLHQWDVHQHOHQWRUQRGHERFHWR


%RWyQILOWURVGHOQDYHJDGRU


)LJXUD9HQWDQDGHOQDYHJDGRU %URZVHU 

(QHOQDYHJDGRUHQHOHQWRUQRGHPRGHODGRFRPR
VH PXHVWUD HQ OD ILJXUD  FDGD RSHUDFLyQ VH
LGHQWLILFD SRU VX QRPEUH \ XQ LFRQR (O LFRQR
LGHQWLILFDHOWLSRGHRSHUDFLyQ

(OLFRQROHSHUPLWHTXHSHUVRQDOLFHODYLVXDOL]DFLyQ
GHOQDYHJDGRU


)LJXUD
,QGLFDGRU' 'LQGLFDWRU 
0LHQWUDVXVDORVHQWRUQRVGHHQVDPEOHPRGHODGR
GH SLH]DV \ SUHVHQWDFLRQHV HO LQGLFDGRU ' HV
PRVWUDGR HQ OD SDUWH LQIHULRU L]TXLHUGD GH OD
YHQWDQDJUiILFD\ORVFRORUHVUHSUHVHQWDQORVHMHV
DEDMRLQGLFDGRV )LJXUD
9 5RMR±HMH;
9 9HUGH±HMH<
9 $]XO±HMH=
(OLQGLFDGRUPXHVWUDODRULHQWDFLyQGHODYLVWDHQIXQFLyQDORVHMHV;<H=GHOVLVWHPDGHFRRUGHQDGDV

%DUUDGHHVWDGR\PHQVDMHV 6WDWXVEDU 


(VWDEDUUDVHXELFDHQODSDUWHLQIHULRUGHODSDQWDOOD1RVEULQGDGLIHUHQWHWLSRGHLQIRUPDFLyQDFHUFD
GH OD KHUUDPLHQWD TXH VHOHFFLRQDPRV DVt FRPR ORV SDVRV TXH GHEHPRV VHJXLU FXDQGR UHDOL]DPRV
DOJXQDWDUHD


 ,QJ)HUQDQGR)ORUHV-iXUHJXL
$872'(6.,19(1725352)(6,21$/

0HGLGRUGHFDSDFLGDG &DSDFLW\0HWHU 
9LVXDOL]DFXiQWDVRFXUUHQFLDV SLH]DV HVWiQHQHOGRFXPHQWRDFWLYRHOQ~PHURGHGRFXPHQWRVDELHUWRV
HQODVHVLyQDFWXDO\FXiQWDPHPRULDHVWiXViQGRVH

)LJXUD
 0RXVH

)LJXUD
 &OLFL]TXLHUGR
• 3DUDVHOHFFLRQDUXQSXQWRHQSDQWDOOD
• 3DUDVHOHFFLRQDUXQLFRQR
• 3DUDVHOHFFLRQDUXQDRSFLyQGHXQPHQ~FRQWH[WXDO
 &OLFGHUHFKR
• 3DUDDEULUXQPHQ~FRQWH[WXDO
 5XHGD
• *LUHODUXHGDGHOPRXVHSDUDUHDOL]DUXQ]RRPHQODSRVLFLyQGHOFXUVRU
• 0DQWHQJD SUHVLRQDGD OD UXHGD GHO PRXVH PLHQWUDV PXHYH HO PRXVH SDUD UHDOL]DU XQ SDQ
HQFXDGUDUHOGLEXMR 
• +DJDGREOHFOLFGHODUXHGDGHOPRXVHSDUDUHDOL]DUXQ]RRPDOO ]RRPWRGR 


,QJ)HUQDQGR)ORUHV-iXUHJXL 
$872'(6.,19(1725352)(6,21$/

 0HQ~FRQWH[WXDOSRUGHIHFWR

&XDQGR QR KD\ QLQJ~Q FRPDQGR DFWLYR VH KDFH FOLF GHUHFKR HQ OD YHQWDQD JUiILFD DSDUHFH HO PHQ~
FRQWH[WXDO
5HSLWHHO~OWLPRFRPDQGRHMHFXWDGR
7HUPLQDUERFHWR
0RVWUDUWRGRVORVJUDGRVGHOLEHUWDG
$FWXDOL]DU
)RU]DUREMHWRVDUHMLOOD
0RVWUDUWRGDVODVUHVWULFFLRQHV)
5HVWULFFLyQYLVLEOH«
2SFLRQHVGHUHVWULFFLyQ«
&UHDU/tQHD
&UHDUFRWD
3UR\HFWDUJHRPHWUtD
&UHDURSHUDFLyQ
(OLPLQDUPDWHULDO)
9LVXDOL]DFLyQGHFRWDV
0HGLU
'RFWRUGHERFHWR
0RVWUDUWRGR
2FXOWDURWURV
&RORFDURSHUDFLyQ
9LVWDDQWHULRU)
9LVWDGHLQLFLR)
7HPDVGHD\XGD

)LJXUD


 ,QJ)HUQDQGR)ORUHV-iXUHJXL
$872'(6.,19(1725352)(6,21$/

 5HIHUHFLD5iSLGDGH7HFODVUiSLGDV$OLDV 6KRUWFXW$OLDV4XLFN5HIHUHQFH 



$XWRGHVN,QYHQWRUSURSRUFLRQDWHFODVUiSLGDVTXHVLUYHQGHD\XGDSDUDUHDOL]DUDOJXQDVWDUHDVPiV
UiSLGDPHQWH
7HFOD 1RPEUH )XQFLyQ &DWHJRUtD
) +HOS 0XHVWUD D\XGD SDUD HO FRPDQGR DFWLYR R *OREDO
$\XGD HOFXDGURGHGLiORJR
) 3DQ (QFXDGUDODYHQWDQDJUiILFD *OREDO
\ PDQWHQLHQGRSXOVDGR (QFXDGUD 
HOFOLFL]TXLHUGR
DUUDVWUDUHOPRXVH
) =RRP $PSOtDRUHGXFHODYHQWDQDJUiILFD *OREDO
\ PDQWHQLHQGRSXOVDGR
HOFOLFL]TXLHUGR
DUUDVWUDUHOPRXVH
) 5RWDWH *LUDREMHWRVHQODYHQWDQDJUiILFD *OREDO
\ PDQWHQLHQGRSXOVDGR *LUDU
HOFOLFL]TXLHUGR
DUUDVWUDUHOPRXVH
) 3UHYLRXV9LHZ 9XHOYHDODYLVWDDQWHULRU *OREDO
9LVWDDQWHULRU
) ,VRPHWULF9LHZ 9LVXDOL]DODYLVWDLVRPpWULFDGHOPRGHOR *OREDO
9LVWD
LVRPpWULFD
) 6OLFH*UDSKLFV 3DUFLDOPHQWH FRUWD HO PRGHOR SDUD GHMDU %RFHWR
&RUWHJUiILFR  YHUHOSODQRGHOERFHWR
) 6KRZ$OO 9LVXDOL]DWRGDVODVUHVWULFFLRQHV %RFHWR
&RQVWUDLQWV
0RVWUDUWRGDV
ODV
UHVWULFFLRQHV
) +LGH$OO 2FXOWDWRGDVODVUHVWULFFLRQHV %RFHWR
&RQVWUDLQWV
)  $FWLYDRGHVDFWLYDODYLVLELOLGDGGHOERFHWR %RFHWR
6KLIW) 1H[W9LHZ 9DDODYLVWDVLJXLHQWH *OREDO
9LVWD
VLJXLHQWH
(VF 4XLW 6DOHGHXQFRPDQGR *OREDO
)LQDOL]DU
'HOHWHR6XSU 'HOHWH %RUUDORVREMHWRVVHOHFFLRQDGRV *OREDO
(OLPLQDU

,QJ)HUQDQGR)ORUHV-iXUHJXL 
$872'(6.,19(1725352)(6,21$/

&DStWXOR %RFHWRVHQ'


2EMHWLYRV VSOLQHV FtUFXORV HOLSVHV DUFRV UHFWiQJXORV


SROtJRQRV R SXQWRV 7DPELpQ SXHGH HPSDOPDU
&RQHOSUHVHQWHFDStWXORVHORJUDUi
HVTXLQDVDODUJDURUHFRUWDUFXUYDV\GHVSOD]DUR
• &RPSUHQGHUiTXpHVXQERFHWR
SUR\HFWDUODJHRPHWUtDGHRWUDVRSHUDFLRQHV
• $SUHQGHUiDFUHDUXQERFHWR
• $SUHQGHUi D XWLOL]DU ODV KHUUDPLHQWDV GH 3DUD LQLFLDU XQ ERFHWR GHVGH FHUR DEUD XQ
GLEXMRSDUDFUHDUERFHWRV QXHYR DUFKLYR GH SLH]D VHOHFFLRQH XQD
• $SUHQGHUi D DSOLFDU UHVWULFFLRQHV D ORV KHUUDPLHQWD GH ERFHWR \ D FRQWLQXDFLyQ LQLFLH
ERFHWRVPLHQWUDVVHGLEXMD HO ERFHWR HQ OD YHQWDQD JUiILFD $ PHGLGD TXH
• $SUHQGHUiDHGLWDUODVUHVWULFFLRQHV YD FUHDQGR HO ERFHWR VH OH DSOLFDQ
• $SOLFDUiGLPHQVLRQDGRDORVERFHWRV DXWRPiWLFDPHQWH UHVWULFFLRQHV D VXV GLYHUVRV
• $SOLFDUi GLPHQVLRQDGR HQ IRUPD HOHPHQWRV 3RU HMHPSOR VL FUHD HO ERFHWR GH
DXWRPiWLFD XQD OtQHD TXH VHD SUiFWLFDPHQWH KRUL]RQWDO VH
• $SUHQGHUiDHGLWDUODVGLPHQVLRQHV OHDSOLFDUiXQDUHVWULFFLyQKRUL]RQWDODVtPLVPR
 VL SXOVD HO H[WUHPR GH XQD OtQHD PLHQWUDV FUHD
XQ ERFHWR VH OH DSOLFD XQD UHVWULFFLyQ GH
,QWURGXFFLyQ FRLQFLGHQFLD &XDOTXLHU UHVWULFFLyQ LPSOtFLWD GHO
ERFHWR VH SXHGH PRGLILFDU R HOLPLQDU 7DPELpQ
(Q $XWRGHVN ,QYHQWRU Š ORV ERFHWRV SXHGH DxDGLU UHVWULFFLRQHV PDQXDOPHQWH D
VXSRQHQ HO SULPHU SDVR HQ HO SURFHVR GH FXDOTXLHUHOHPHQWRGHOERFHWR
FUHDFLyQ GH XQD SLH]D (VWH FDStWXOR HV XQD 3DUDVDOLUGHXQDKHUUDPLHQWDGHERFHWR
LQWURGXFFLyQJHQHUDODOHQWRUQRGHERFHWRV\HO
IOXMRGHWUDEDMRSDUDFUHDUERFHWRV • +DJD FOLF GHUHFKR HQ OD YHQWDQD JUiILFD
 \ VHOHFFLRQH 'RQH )LQDOL]DU GHO PHQ~
FRQWH[WXDO
'HVFULSFLyQGHXQERFHWR
• 3XOVHODWHFOD(6&
/D PD\RUtD GH ODV SLH]DV VH LQLFLDQ FRQ XQ $FWLYHRWUDKHUUDPLHQWD
ERFHWR 8Q ERFHWR FRQVLVWH HQ HO SHUILO GH XQD

RSHUDFLyQ \ FXDOTXLHU JHRPHWUtD FRPR XQ (O PRGHOR FUHDGR HQ $872'(6. ,QYHQWRU VH
FDPLQR GH EDUULGR R XQ HMH GH URWDFLyQ  DVRFLD D VXV ERFHWRV VXE\DFHQWHV \ D OD
QHFHVDULRVSDUDFUHDUGLFKDRSHUDFLyQ LQIRUPDFLyQGHOERFHWR6LFDPELDXQERFHWRHO
PRGHORVHDFWXDOL]DUiDXWRPiWLFDPHQWH
7RGDODJHRPHWUtDGHOERFHWRVHFUHD\VHHGLWD 
HQ HO HQWRUQR GH ERFHWR PHGLDQWH ODV 6H FUHD XQ PRGHOR ' D SDUWLU GH XQ ERFHWR
KHUUDPLHQWDV GH ERFHWR GH OD EDUUD GHO SDQHO H[WUX\HQGR HO SHUILO R UHYROXFLRQiQGROR
3XHGHFRQWURODUODUHMLOODGHOERFHWR\XWLOL]DUODV DOUHGHGRUGHXQHMH
KHUUDPLHQWDV GH ERFHWR SDUD GLEXMDU OtQHDV 
 ,QJ)HUQDQGR)ORUHV-iXUHJXL
$872'(6.,19(1725352)(6,21$/

%RFHWR ' HVWi VHOHFFLRQDGR \ ODV


KHUUDPLHQWDVGHERFHWRHVWiQGLVSRQLEOHVMXQWR
FRQXQSODQRGHERFHWRSDUDUHDOL]DUHOERFHWR
3XHGH FRQWURODU OD FRQILJXUDFLyQ LQLFLDO GHO
ERFHWR SRU PHGLR GH DUFKLYRV GH SODQWLOOD R
SDUiPHWURV GH OD ILFKD ³6NHWFK´ %RFHWR GHO
FXDGUR GH GLiORJR ³$SSOLFDWLRQ 2SWLRQV´
2SFLRQHV GH OD DSOLFDFLyQ  3DUD SHUVRQDOL]DU
ORV SDUiPHWURV VHOHFFLRQH 7RROV !
$SSOLFDWLRQ 2SWLRQV  ! WDE 6NHWFK
+HUUDPLHQWDV ! 2SFLRQHV GH OD DSOLFDFLyQ !
ILFKD%RFHWR 

$OFUHDUXQERFHWRDSDUHFHXQLFRQRGHERFHWR
HQHOQDYHJDGRU&XDQGRVHFUHDXQDRSHUDFLyQ
D SDUWLU GH XQ ERFHWR DSDUHFH XQ LFRQR GH
RSHUDFLyQ HQ HO QDYHJDGRU FRQ HO LFRQR GH
ERFHWRDQLGDGR6LSXOVDXQLFRQRGHERFHWRHQ
HOQDYHJDGRUHOERFHWRVHUHVDOWDHQODYHQWDQD
JUiILFD
)LJXUD 
8QD YH] FUHDGR XQ PRGHOR D SDUWLU GHO ERFHWR
(QWRUQRGHERFHWRV SXHGHYROYHUDOHQWRUQRGHERFHWRSDUDUHDOL]DU
 FDPELRV R LQLFLDU XQ QXHYR ERFHWR SDUD XQD
&XDQGR  FUHD R PRGLILFD XQ ERFHWR WUDEDMD HQ QXHYD RSHUDFLyQ (Q XQ DUFKLYR GH SLH]D
HO HQWRUQR GH ERFHWR (O HQWRUQR GH ERFHWR H[LVWHQWH DFWLYH SULPHUR HO ERFHWR HQ HO
FRQVLVWH HQ XQ ERFHWR \ XQDV KHUUDPLHQWDV GH QDYHJDGRU (VWD DFFLyQ DFWLYD ODV KHUUDPLHQWDV
ERFHWR SDUD FRQWURODU OD UHMLOOD GHO ERFHWR \ GHO HQWRUQR GH ERFHWR GH IRUPD TXH SXHGD
GLEXMDU OtQHDV VSOLQHV FtUFXORV HOLSVHV DUFRV FUHDU XQD JHRPHWUtD SDUD ODV RSHUDFLRQHV GH
UHFWiQJXORVSROtJRQRVRSXQWRV SLH]D /RV FDPELRV TXH UHDOLFH HQ HO ERFHWR VH
 UHIOHMDUiQHQHOPRGHOR
$ODEULUXQQXHYRDUFKLYRGHSLH]DVHDFWLYDHO 
HQWRUQR GH ERFHWR (O ERWyQ ³' 6NHWFK´

)LJXUD(OQDYHJDGRUPRVWUDQGRHOLFRQRGHO6NHWFK
(QWRUQRGHERFHWR 

,QJ)HUQDQGR)ORUHV-iXUHJXL 
$872'(6.,19(1725352)(6,21$/

)LJXUD(OQDYHJDGRUPRVWUDQGRHOLFRQRGHO6NHWFKDOFXDOVHOHDSOLFDGRXQDH[WUXVLyQSDUD
FUHDUHOPRGHOR (QWRUQRGH0RGHODGR 


+HUUDPLHQWDVGHGLEXMR
$QWHV GH FRPHQ]DU D HVER]DU OD SLH]D H[DPLQDUHPRV ODV KHUUDPLHQWDV GH GLEXMR ' TXH HVWiQ
GLVSRQLEOHV3RUGHIHFWRODVKHUUDPLHQWDVGHGLEXMR'DSDUHFHQHQHOSDQHO'UDZGHODILFKD6NHWFK
/DVKHUUDPLHQWDVPiVXWLOL]DGDVVHUiQH[SOLFDGRVDORODUJRGHHVWHFDStWXOR

)LJXUD


 ,QJ)HUQDQGR)ORUHV-iXUHJXL
$872'(6.,19(1725352)(6,21$/

+HUUDPLHQWDVGHGLEXMRGHO%RFHWR
%RWyQR +HUUDPLHQWD )XQFLyQ
,FRQR
&UHDVHJPHQWRVGHOtQHD7DPELpQSXHGHGLEXMDUDUFRVWDQJHQWHV
/LQH /tQHD 
R SHUSHQGLFXODUHV GHO SXQWR ILQDO GH XQD OtQHD XWLOL]DQGR HO
FRPDQGROtQHD
&UHD XQ FtUFXOR GHILQLGR SRU VX FHQWUR \ XQ SXQWR GH SDVR /D
&HQWHU3RLQW&LUFOH
SULPHUDSXOVDFLyQGHILQHHOFHQWURODVHJXQGDSXOVDFLyQHVSHFLILFD
&tUFXORSRUFHQWUR  HOUDGLR6HDSOLFDXQDUHVWULFFLyQWDQJHQWHVLHOVHJXQGRSXQWRVH
HQFXHQWUDHQXQDOtQHDXQDUFRXQFtUFXORRXQDHOLSVH
&UHD XQ FtUFXOR WDQJHQWH D WUHV OtQHDV R DULVWDV /D SULPHUD
7DQJHQW&LUFOH
SXOVDFLyQ GHILQH HO SXQWR WDQJHQWH HQWUH HO FtUFXOR \ OD SULPHUD
&tUFXOR7DQJHQWH  OtQHD /D VHJXQGD SXOVDFLyQ GHILQH HO SXQWR WDQJHQWH HQWUH HO
FtUFXOR \ OD VHJXQGD OtQHD (O WHUFHU SXQWR GHILQH HO GLiPHWUR GHO
FtUFXOR WDQJHQWHDODWHUFHUDOtQHD 
&UHD XQD HOLSVH D SDUWLU GH XQ FHQWUR XQ HMH PD\RU \ XQ HMH
(OOLSVH (OLSVH 
PHQRU/DSULPHUDSXOVDFLyQGHILQHHOFHQWURODVHJXQGDSXOVDFLyQ

GHILQHODGLUHFFLyQ\ORQJLWXGGHOSULPHUHMHHOWHUFHUSXQWRSXHGH
VHUFXDOTXLHUSXQWRGHODHOLSVH
7KUHH3RLQW$UF &UHDXQDUFRGHILQLGRSRUGRVSXQWRVILQDOHV\XQSXQWRGHODUFR
$UFRSRUWUHV /D SULPHUD SXOVDFLyQ GHILQH HO SULPHU SXQWR ILQDO OD VHJXQGD HO
SXQWRV  RWURSXQWRILQDO ORQJLWXGGHODFXHUGD \ODWHUFHUDODGLUHFFLyQ\HO
UDGLRGHODUFR
7DQJHQW$UF &UHDXQDUFRDSDUWLUGHOSXQWRILQDOGHXQDFXUYDH[LVWHQWH OtQHDR
$UFRWDQJHQWH  DUFR /DSULPHUDSXOVDFLyQ HQHOSXQWRILQDOGHODFXUYD GHILQHHO
SXQWR WDQJHQWH (O VHJXQGR SXQWR GHILQH HO SXQWR ILQDO GHO DUFR
WDQJHQWH
&HQWHU3RLQW$UF &UHD XQ DUFR GHILQLGR SRU VX FHQWUR \ GRV SXQWRV ILQDOHV /D
$UFRSRUFHQWUR\ SULPHUDSXOVDFLyQGHILQHHOFHQWURODVHJXQGDHVSHFLILFDHOUDGLR\
UDGLR  HOSXQWRLQLFLDO\ODWHUFHUDFRPSOHWDHODUFR
7ZR3RLQW &UHD XQ UHFWiQJXOR VHOHFFLRQDQGR GRV SXQWRV HVTXLQDV
5HFWDQJOH GLDJRQDOPHQWHRSXHVWDV SDUDGHILQLUODORQJLWXG\ODDQFKXUD(VWH
5HFWiQJXORFRQ WLSRGHUHFWiQJXORVVHDOLQHDFRQHOVLVWHPDGHFRRUGHQDGDV
GRVSXQWRV 
7KUHH3RLQW 5HFWiQJXOR FX\D ORQJLWXG \ DQFKXUD VH FUHDQ HVSHFLILFDQGR WUHV
5HFWDQJOH SXQWRV(OSULPHU\VHJXQGRSXQWRVGHILQHQODORQJLWXG\GLUHFFLyQ
5HFWiQJXORSRU GHO SULPHU ODGR (O WHUFHU SXQWR GHILQH OD ORQJLWXG GHO ODGR
WUHVSXQWRV  DG\DFHQWH 8Q UHFWiQJXOR GH HVWH WLSR SXHGH WHQHU FXDOTXLHU
DOLQHDFLyQ
3RLQW+ROH&HQWHU &UHDXQFHQWURGHDJXMHURTXHVHXVDUiSDUDFRORFDUXQDJXMHURR
3XQWR&HQWURGH SXQWRVTXHSXHGHQXVDUVHFRPRYpUWLFHVSDUDRWURVREMHWRVFRPR
DJXMHUR  HOVSOLQHV/DRSHUDFLyQGHDJXMHURVHOHFFLRQDDXWRPiWLFDPHQWHXQ
FHQWURGHDJXMHURHQXQERFHWR'
3RO\JRQ &UHDXQSROtJRQRLQVFULWRRFLUFXQVFULWRFRQHOQ~PHURGHODGRVTXH
3ROtJRQR  XVWHGHVSHFLILFD

87,/,=$1'2/$6+(55$0,(17$6'(%2&(72
'HVSXpVGHLQLFLDUXQDQXHYDSLH]DXWLOLFHODVKHUUDPLHQWDVGHERFHWRSDUDGLEXMDUODIRUPDGHODSLH]D
&RPR XVWHG HVWi HVER]DQGR $XWRGHVN ,QYHQWRU OH RIUHFH LQIRUPDFLyQ YLVXDO VREUH OR TXH HVWi
VXFHGLHQGRHQODSDQWDOODFRQPHQVDMHVGHWH[WRFHUFDGHODSRVLFLyQGHOFXUVRU/DILJXUHPXHVWUD
HO PHQVDMH TXH DSDUHFH HQ OD SDUWH LQIHULRU L]TXLHUGD GH OD EDUUD GH HVWDGR FXDQGR VH XWLOL]D OD
KHUUDPLHQWD/tQHD

,QJ)HUQDQGR)ORUHV-iXUHJXL 
$872'(6.,19(1725352)(6,21$/

)LJXUD 6HOHFFLRQHHOILQDOGHODOtQHDVHOHFFLRQHHOSXQWRGHLQLFLRSDUDLQLFLDUODQXHYDOtQHD
3DUDLQLFLDUHOGLEXMRHMHFXWHODKHUUDPLHQWDGHERFHWRTXHXVWHGQHFHVLWDKDJDFOLFHQXQSXQWRHQHO
iUHD JUiILFD \ VLJD OD VXJHUHQFLD HQ OD EDUUD GH HVWDGR (Q ODV VHFFLRQHV VLJXLHQWHV VH LQWURGXFLUiQ
WpFQLFDVTXHSXHGHXWLOL]DUSDUDFUHDUXQERFHWR

)LJXUDV%iVLFDV

+HUUDPLHQWD/LQH /tQHD 
,FRQR +HUUDPLHQWD 'HVFULSFLyQ
/LQH 'LEXMDOtQHDV\DUFRVWDQJHQWHV
/tQHD
/DV OtQHDV VRQ HOHPHQWRV EiVLFRV \ XQD GH ODV HQWLGDGHV PiV LPSRUWDQWHV HQ HO HQWRUQR GH ERFHWR
8VWHGSXHGHGLEXMDUOtQHDVQRUPDOHVROtQHDVGHFRQVWUXFFLyQ8QDOtQHDVHGHILQHFRPRODGLVWDQFLDPiV
FRUWDHQWUHGRVSXQWRV/RVGRVSXQWRVVRQHOSXQWRLQLFLDO\HOSXQWRILQDOGHODOtQHD3RUFRQVLJXLHQWH
HOSXQWRSULQFLSDOGHSUHRFXSDFLyQHQGLEXMDUXQDOtQHDHVGHILQLUHVWRVGRVSXQWRV3RUTXH$XWRGHVN
,QYHQWRU HV GH QDWXUDOH]D SDUDPpWULFD XVWHG SXHGH GLEXMDU OD OtQHD LQLFLDO GH FXDOTXLHU ORQJLWXG R XQ
iQJXORGHLQFOLQDFLyQFXDOTXLHUDHVFRJLHQGRORVSXQWRVVLPSOHPHQWHHQODSDQWDOOD'HVSXpVGHGLEXMDU
XVWHG SXHGH PRGLILFDU OD OtQHD D XQD QXHYD ORQJLWXG R D XQ iQJXOR GH LQFOLQDFLyQ XVDQGR FRWDV
SDUDPpWULFDV8VWHGWDPELpQSXHGHFUHDUGLUHFWDPHQWHODOtQHDGHORQJLWXGUHDO\iQJXORGHLQFOLQDFLyQ
XVDQGRHOFXDGURGHGLiORJRGH,QYHQWRU3UHFLVH,QSXW (QWUDGDGHFRRUGHQDGDVGH,QYHQWRU $PERV
PpWRGRVGHGLEXMDUOtQHDVVHGLVFXWHQHQVHJXLGD

'LEXMDQGROtQHDVVHOHFFLRQDQGRSXQWRVHQODYHQWDQDJUiILFD
(VWH PpWRGR HV XQ PpWRGR PX\
FRQYHQLHQWHSDUDGLEXMDUOtQHDV\HV
XVDGR H[WHQVLYDPHQWH PLHQWUDV VH
HVER]D &XDQGR XVWHG LQYRFD OD
KHUUDPLHQWD /LQH /tQHD  GHO SDQHO
'UDZ 'LEXMR  HO FXUVRU TXH
LQLFLDOPHQWH HV XQD IOHFKD  VH
UHHPSOD]D SRU XQD FUX] FRQ XQ
FtUFXORDPDULOORHQODLQWHUVHFFLyQ\
VH OH SHGLUi VHOHFFLRQDU HO SXQWR
LQLFLDO GH OD OtQHD R DUUDVWUDU HO
SXQWR ILQDO SDUD GLEXMDU XQ DUFR
WDQJHQWH (O SXQWR GH LQWHUVHFFLyQ
GH ORV HMHV ; \ < OtQHDV QHJUDV
HQWUH ODV OtQHDV GH OD UHMLOOD  HV HO
SXQWR GH RULJHQ 6L XVWHG PXHYH HO
FXUVRUFHUFDGHORULJHQVHUiIRU]DGR
DXWRPiWLFDPHQWH DO RULJHQ HO
FXUVRU
/D XELFDFLyQ GH ODV FRRUGHQDGDV GHO FXUVRU HQ OD YHQWDQD GH GLEXMR VRQ YLVXDOL]DGRV HQ OD HVTXLQD
LQIHULRU GHUHFKD GH OD YHQWDQD GH $XWRGHVN ,QYHQWRU 3DUD LQLFLDU HO GLEXMR GH OD OtQHD HVSHFLILTXHXQ
SXQWRHQFXDOTXLHUSDUWHGHODYHQWDQDGHGLEXMRXQDOtQHDHOiVWLFDVHLQLFLDGHHVHSXQWR8QSXQWR
LQLFLDOGHHVWDOtQHDHOiVWLFDVHUiILMDGRHQHOSXQWRTXHXVWHGHVSHFLILTXHHQODYHQWDQDGHGLEXMR\HQHO
SXQWRILQDOHQHOFXUVRUVHFRQHFWDXQFtUFXORDPDULOOR9HDODVILJXUDV\


 ,QJ)HUQDQGR)ORUHV-iXUHJXL

También podría gustarte