English: UDGLR EXW WKHVH DUH JHQHUDOO\ DSSOLFDEOH DQG GR QRW DSSO\ VSHFLILFDOO\ WR FKLOGUHQ 5HJDUGLQJ WKH RWKHU PHGLD WKHUH DUH QR VSHFLILF UXOHV :LWK WKH H[FHSWLRQ RI WKH JHQHUDO UXOHV RQ DGYHUWLVLQJ IRU RWKHU VHFWRUV VXFK DV YHKLFOHV HGXFDWLRQ WR\V DQG ILQDQFLDO VHUYLFHV  WKHUH DUH QR VSHFLILF UXOHV RQ DGYHUWLVLQJ WR FKLOGUHQ G 2WKHU PDUNHWLQJ WHFKQLTXHV 7KH %URDGFDVWLQJ 7UHDW\ DXWKRULVHV WKH XVH RI VSOLW VFUHHQV DQG YLUWXDO DGYHUWLVLQJ SURYLGHG FHUWDLQ FRQGLWLRQV DUH IXOILOOHG 7KHUH DUH QR VSHFLDO UHIHUHQFHV WR FKLOGUHQ  3URSRVDOV IRU ODZ 7KHUH LV D SURSRVDO RI DPHQGHG JXLGHOLQHV E\ WKH 0HGLD DXWKRULWLHV UHJDUGLQJ \RXWK SURWHFWLRQ WKDW FRQWDLQV DGGLWLRQDO UXOHV RQ WLPH VFKHGXOHV IRU SURJUDPPHV UDWHG  DQG   6HOI UHJXODWLRQ 7KH *HUPDQ &RXQFLO IRU $GYHUWLVLQJ 'HXWVFKHU :HUEHUDW DSSOLHV LWV RZQ FRGHV LQVSLUHG IURP WKH ,&& FRGHV 7KRVH FRGHV FRQWDLQ JHQHUDO UXOHV RQ DGYHUWLVLQJ 6HOIUHJXODWLRQ SOD\V DQ LPSRUWDQW UROH LQ WHOHYLVLRQ 7KHUH LV WKH 9ROXQWDU\ 6HOI UHJXODWLRQ ZKLFK LQWHU DOLD FKHFNV WHOHYLVLRQ SURJUDPPHV EHIRUH WKHLU EURDGFDVWLQJ VFKHGXOH DQG FRQWHQW  7KHUH DUH DOVR WKH UXOHV RI WKH *HUPDQ &RXQFLO IRU $GYHUWLVLQJ 7KLV &RXQFLO HQDFWHG UXOHV RQ DGYHUWLVLQJ DQG WHOHVKRSSLQJ RQ UDGLR DQG WHOHYLVLRQ IRU DOFRKROLF EHYHUDJHV DQG RQ DGYHUWLVLQJ SRUWUD\LQJ RU DGGUHVVHG WR FKLOGUHQ 7KHVH UXOHV FRYHU WKH SURYLVLRQV RI WKH 79:) 'LUHFWLYH )RU H[DPSOH DGYHUWLVLQJ IRU DOFRKROLF EHYHUDJH PD\ QRW EH DGGUHVVHG WR PLQRUV DGYHUWLVLQJ VKDOO QRW GLUHFWO\ RU LQGLUHFWO\ H[KRUW FKLOGUHQ WR EX\ WKH DGYHUWLVHG SURGXFW 5HJDUGLQJ WKH ,QWHUQHW WKH 9ROXQWDU\ 6HOIUHJXODWLRQ RI 0XOWL 0HGLD 6HUYLFH 3URYLGHUV PDGH XS RI 0HGLD DVVRFLDWLRQ DQG FRPSDQLHV KDV GUDIWHG D FRGH RI SUDFWLFH FRQWDLQLQJ UXOHV RQ \RXWK SURWHFWLRQ WKHUH DUH QR VSHFLILF UXOHV RQ DGYHUWLVLQJ WR FKLOGUHQ  +DQGOLQJ RI FRPSODLQWV $XWKRULWLHV $GPLQLVWUDWLYH SURFHGXUH
French:  3ODLQWHV $XWRULWpV '¶XQH SDUW OD PLVVLRQ GX FRQWU{OH GHV SURJUDPPHV REMHW FRQWHQX PRGDOLWp GH SURJUDPPDWLRQ SDU UDSSRUW DX[ WH[WHV OpJLVODWLIV HW UpJOHPHQWDLUHV HW DX[ GpFLVLRQV G¶DXWRULVDWLRQ D pWp FRQILpH DX &6$ /HV PR\HQV G¶DFWLRQ GX &6$ DSUqV XQH PLVH HQ GHPHXUH VRQW  OD VXVSHQVLRQ OD GLPLQXWLRQ GH OD GXUpH G¶DXWRULVDWLRQ XQH DPHQGH OH UHWUDLW GH O¶DXWRULVDWLRQ G¶pPLVVLRQ '¶DXWUH SDUW OD 'LUHFWLRQ *pQpUDOH GH OD &RQFXUUHQFH GH OD &RQVRPPDWLRQ HW GH OD 5pSUHVVLRQ GHV )UDXGHV D SRXU PLVVLRQ OD UHFKHUFKH OD FRQVWDWDWLRQ HW OD VDQFWLRQ GHV SUDWLTXHV pFRQRPLTXHV LOOLFLWHV (OOH DJLW G¶LQLWLDWLYH j OD GHPDQGH GX 0LQLVWqUH FKDUJp GH O¶(FRQRPLH RX VXU SODLQWH GHV FRQVRPPDWHXUV RX DVVRFLDWLRQV 7RXW LQWpUHVVp DVVRFLDWLRQ DJHQW GX 0LQLVWUH V\QGLFDW SURIHVVLRQQHO FRQVRPPDWHXU HWF SHXW DJLU HQ MXVWLFH HQ YXH GH YRLU FHVVHU OD GLIIXVLRQ GH OD SXEOLFLWp HW G¶REWHQLU OD UpSDUDWLRQ GX GRPPDJH /HV VDQFWLRQV SHXYHQW rWUH XQH DPHQGH XQ HPSULVRQQHPHQW OD FHVVDWLRQ GH OD SXEOLFLWp OLWLJLHXVH HW SXEOLFDWLRQ GX MXJHPHQW $XWRGLVFLSOLQH /H %93 DJLW GH VD SURSUH LQLWLDWLYH RX VXU XQH GpQRQFLDWLRQ GHV DVVRFLDWLRQV GH FRQVRPPDWHXU RX GH O¶,QVWLWXW 1DWLRQDO GH OD &RQVRPPDWLRQ RX VXU FHOOH GHV FRQFXUUHQWV YLFWLPHV GH OD SXEOLFLWp LOOLFLWH 'qV TX¶XQH SODLQWH HVW LQWURGXLWH DX %93 FH GHUQLHU SUHQGUD WRXWHV OHV PHVXUHV GHVWLQpHV j IDLUH FHVVHU OHV PDQTXHPHQWV j OD UpJOHPHQWDWLRQ RX DX[ UqJOHV SURIHVVLRQQHOOHV /H %93 SURFqGH j XQH HQTXrWH SXLV pYRTXH OHV PRGLILFDWLRQV VRXKDLWDEOHV DXSUqV GHV LQWpUHVVpV HQ GHUQLHU UHFRXUV OH %93 LQWHUYLHQGUD DXSUqV GHV PpGLDV SRXU OHV LQYLWHU j UHIXVHU OD GLIIXVLRQ GH OD SXEOLFLWp /HV GpFLVLRQV VXLYDQWHV SHXYHQW rWUH SULVHV  UHFRPPDQGDWLRQV UDSSHO j O¶RUGUH PLVH HQ GHPHXUH VDQFWLRQV /H QRPEUH GHV SODLQWHV HQ PDWLqUH GH SXEOLFLWp GHVWLQpH DX[ PLQHXUV Q¶HVW SDV FRQQXH