CFKDU CLQW DEFGHIJK
DEFGHIJK

CLQW DE
>HUURU@ OHQJWK 7KH VKDSH LV ZKLFK LV QRW GLYLVLEOH E\

$GGLWLRQDO 5HSRUW
$QXQGHILQHGWRNHQUHSRUWLVLVVXHGLIILVQRWRQHRIWKHIXQFWLRQVOLVWHGDERYH
(DFK I [ DQG \ I [
$UJXPHQWV DQG 5HVXOW

I LV DQ\ IXQFWLRQ H[SUHVVLRQ VR $VVLJQPHQW LV H[FOXGHG DV LW LV IRU DOO RSHUDWRUV 7KH UHVXOW LV
QHVWHG ,Q WKH PRQDGLF FDVH WKH VKDSH RI WKH UHVXOW LV WKH VKDSH RI [ ,Q WKH G\DGLF FDVH WKH
VKDSHV RI WKH DUJXPHQWV DQG UHVXOW IROORZ WKH UXOHV IRUG\DGLFVFDODU IXQFWLRQV VHH $SSOLFDWLRQ
&RQIRUPDELOLW\ DQG 5HVXOW 6KDSH H[FHSW WKDW RQO\ VFDODUV DUH H[WHQGHG QRW RQH HOHPHQW
DUUD\V LQ JHQHUDO DQG QRQVFDODU DUJXPHQWV RI GLIIHULQJ UDQNV HOLFLW D UDQN HUURU UHSRUW

HILQLWLRQ

7KH GHULYHG IXQFWLRQ I LV D VFDODU IXQFWLRQ
,Q WKH FDVH RI PRQDGLF I
L I [ fg I !L [

IRU HYHU\ YDOLG LQGH[L 7KDW LV HDFK HOHPHQW RI [ LV VHOHFWHG I LV DSSOLHG WR WKH LVFORVH RI WKH
VHOHFWHG HOHPHQW DQG WKH UHVXOW RIILV HQFORVHGDQG LQVHUWHGLQWKHUHVXOWRI I 6HH LVFORVH
IRU WKH GHILQLWLRQ RI ! DQG (QFORVH IRU I [ LV HTXLYDOHQW WR I (DFK [ IRU WKH
IROORZLQJ GHILQHG RSHUDWRU (DFK

I (DFK [ ^
Vf [
[f [
]f [
Lf ] GR ]>L@f I ![>L@
V ]‘

,Q WKH G\DGLF FDVH LI[ DQG \ KDYH WKH VDPH VKDSH WKHQ

L \ I [ fg !L \ I!L [

IRU HYHU\ YDOLG LQGH[L ,I [ KDV RQH HOHPHQW WKHQ

L \ I [ fg !L \ I ~[

IRU HYHU\ YDOLG LQGH[L 6HH 3LFN IRUWKHGHILQLWLRQRI~ 7KHGHILQLWLRQLV VLPLODU LI\KDV RQH
HOHPHQW RU ERWK KDYH RQH HOHPHQW
:DUQLQJ ,I LQVWHDG RI D IXQFWLRQ H[SUHVVLRQ \RX JLYH D IXQFWLRQ VFDODU H J LQVWHDG RI [
RU I [ \RX JLYH > @ [ RU ^I‘ [ \RX ZLOO JHW D ZURQJ UHVXOW QDPHO\ WKH
UHVXOW IRU WKH $SSO\ RSHUDWRU
$GGLWLRQDO (UURU 5HSRUWV

(DFK RI WKH IROORZLQJ UHSRUWV LV LVVXHG RQO\ LI WKHUH LV QR SDUVH RU YDOXH HUURU VHH &RPPRQ
(UURU 5HSRUWV DQG QRQH RI WKH UHSRUWV SUHFHGLQJ LW RQ WKLV OLVW DSSOLHV
DQRQIXQFWLRQHUURULVUHSRUWHGLIGLVQRWDIXQFWLRQH[SUHVVLRQRUIXQFWLRQVFDODUVHH
WKH ZDUQLQJ LQ WKH GHILQLWLRQ VHFWLRQ G SUHFHGHV WKH FRORQ LQ WKH HUURU UHSRUW
DUDQNHUURULVUHSRUWHGZKHQWKHGHULYHGIXQFWLRQLVG\DGLFLIQHLWKHUDUJXPHQWLVDRQH
HOHPHQW DUUD\ DQG WKHLU UDQNV GLIIHU
DOHQJWKHUURULVUHSRUWHGZKHQWKHGHULYHGIXQFWLRQLVG\DGLFLIQHLWKHUDUJXPHQWLVD
RQH HOHPHQW DUUD\ DQG WKHLU VKDSHV GLIIHU
([DPSOHV

,Q WKH ILUVW H[SUHVVLRQ WKH (DFK RSHUDWRU LV DSSOLHG WR D PRQDGLF IXQFWLRQ 6KDSH WR JLYH WKH
UDQN RI D VFDODU D YHFWRU DQG D PDWUL[ ,Q WKH VHFRQG LW LV DSSOLHG WR D PRQDGLF &RXQW WR ILQG
WKH YHFWRU OHQJWKV DV ZHOO DV WR D G\DGLF 7DNH WR SDG WKH YHFWRUV WR HTXDO OHQJWKV IRU WKH
SULQFLSDO IXQFWLRQ LVFORVH QRWLFH WKH RWKHU XVH RI LVFORVH WR PDNH WKH &RXQW (DFK UHVXOW
VLPSOH IRU 0D[ 5HGXFH ZKLFK ILQGV WKH JUHDWHVW OHQJWK

~


y ! YV h YVf DE FGH
DE

FGH
5HGXFH I [
$UJXPHQWV DQG 5HVXOW

I LV RQH RI z y A 7KH DUJXPHQW [ LV DQ\ DUUD\ ZKRVH LWHPV DUH VXLWDEOH OHIW DQG ULJKW
DUJXPHQWV RI I 7KH VKDSH RI WKH UHVXOW LV i [

HILQLWLRQ

,I [ LV DW OHDVW WZR L H LI[ KDV DW OHDVW WZR LWHPV WKHQ I [ LV GHILQHG WR EH
[> @ I [> @ I I [> [@
,I [ LV RQH WKHQ I [ LV [ ZKLOH LI [ LV ]HUR WKHQI [ LV i [ LGHQWLW\
ZKHUH LGHQWLW\ LV D VFDODU WKDW GHSHQGV RQI DQG ZKRVH W\SH IRU DQG GHSHQGV RQ[
6HH WKH WDEOH ,GHQWLW\ 6FDODUV IRU 5HGXFWLRQ
$V SRLQWHG RXW LQ 2SHUDWRUV DQG HULYHG )XQFWLRQV 5HGXFH LV QRW LQ WKH VWULFWHVW VHQVH DQ
RSHUDWRU EXW IRU PRVW SXUSRVHV LW FDQ EH UHJDUGHG DV RQH
,GHQWLW\ 6FDODUV IRU 5HGXFWLRQ
)XQFWLRQ ,GHQWLW\



)XQFWLRQ ,GHQWLW\

A

)XQFWLRQ ,GHQWLW\
y ,QI
z ,QI



$GGLWLRQDO (UURU 5HSRUWV
Previous Page Next Page