£8QFRQFHSWRQXHYRHQ

FHQWUDOLWDV
3 $OLPHQWDFLyQ GH 9 PiV GH  &HQWUDOWHOHIyQLFD
KV GH XVR FRQ EDWHUtD GH
9$K
3 ,QWHUQR SDUD 02'(0 GH DOWD
YHORFLGDG GH WUDQVPLVLyQ ,GHDO
SDUD ,QWHUQHW
3DUDUHVLGHQFLDVR
3 ,QWHUQR SDUD ,GHQWLILFDGRU GH SHTXHxDVRILFLQDV
OODPDGD
3 8WLOL]D WHOpIRQRV FRPXQHV FRQ
WHFOD )/$6+
3 0DUFDFLyQ 721238/626
3 /tQHD GLUHFWD HQ ORV LQWHUQRV
3 %ORTXHR GH OODPDGDV D
FHOXODUHV R  HWF
3 5HVHUYD GH OtQHD OD FHQWUDO 34;,
DYLVD FXDQGR OD OtQHD VH
GHVRFXSD
3 3URJUDPDFLyQ LQGLYLGXDO
SDUD GtD \ QRFKH
3 $WHQFLyQ GH SRUWHUR
HOpFWULFR DFFHVRULR RSFLRQDO
3 &DUJDGRU GH EDWHUtD
0DQXDOGHO
DFFHVRULR RSFLRQDO

XVXDULR
3URGXFWR IDEULFDGR \ JDUDQWL]DGR SRU

www.intelav.com 02
02

 8VDUODHVDVtGHIiFLO 3DVDUXQDOODPDGDDXQLQWHUQRRFXSDGR 4XLWDUVHPRPHQWiQHDPHQWHGHORVJUXSRV
6L UHFLEH WRQR GH RFXSDGR DO LQWHQWDU SDVDU XQD OODPDGD 8G 6L GHVHD QR VHU PROHVWDGR \ TXH VX LQWHUQR QR VXHQH DQWH

5HDOL]DUXQDOODPDGDSRUOtQHD SXHGH OODPDGDV H[WHUQDV \ GHO SRUWHUR PDUTXH  GHVGH VX LQWHU

$O GHVFROJDU HO WHOpIRQR HVFXFKDUi WRQR GH LQWHUQR 7HFOHH  FROJDU SDUD WUDQVIHULU VREUH RFXSDGR \ HO RWUR LQWHUQR UHFL QR 3DUD TXH YXHOYD D OODPDU PDUTXH  (VWD IDFLOLGDG VH

FHUR SDUD UHFLELU WRQR GH XQD GH ODV OtQHDV /XHJR WHFOHH ELUi XQ WRQR GH DYLVR SDUD TXH FXHOJXH SHUPLWLHQGR TXH OD KDELOLWD SRU SURJUDPDFLyQ 
GLUHFWDPHQWH HO Q~PHUR GH TXLHQ TXLHUH OODPDU OtQHD H[WHUQD OR OODPH 'HVYtRV
R DJXDUGDU XQRV VHJXQGRV SDUD UHWRPDU OD FRPXQLFDFLyQ 3DUD TXH WRGDV ODV OODPDGDV GLULJLGDV D VX LQWHUQRV VXHQHQ

H[WHUQD HQ RWUR PDUFDU  VHJXLGR GHO Q~PHUR GHO RWUR LQWHUQR

6 8 
, ' /2 '(6($ /$ 129$  38('( '$5/( 7212 '( /Ì1($ $/
/ODPDUDWRGRVORVLQWHUQRV HQ RFXSDGR
'(6&2/*$5 < $&&('(5 $/ 7212 '( ,17(512 62/2 6, 7(&/($
6L QR VDEH GyQGH VH HQFXHQWUD OD SHUVRQD D TXLHQ TXLHUH 8QD YH] KHFKR XQ GHVYtR FRUWDU \ PDUFDU  SDUD TXH VROR
)/$6+ &202 35,0(5 1Ó0(52 $6,*1$5 $/ ,17(512 (/ 6(59,&,2 
OODPDU WHFOHH  \ OODPDUiQ WRGRV ORV LQWHUQRV &XDOTXLHUD VH GHVYtH OD OODPDGD VL VX LQWHUQR HVWi RFXSDGR

SXHGH DWHQGHU OD OODPDGD SXHGH XVDUOR HQ WUDQVIHUHQFLD 3DUD ERUUDU XQ GHVYtR KDJD XQ GHVYtR D VX SURSLR LQWHUQR
5HDOL]DUXQDOODPDGDDXQLQWHUQR &yPRXWLOL]DUVXPyGHP
'HVFXHOJXH \ WHFOHH HO Q~PHUR GH LQWHUQR TXH GHVHH  D  //$0$5É1 /26 ,17(5126 48( (67e1 ,1&/8,'26 (1 (/
6L WLHQH XQD 3& FRQ PyGHP GH DOWD YHORFLGDG GH WUDQVPLVLyQ
$JXDUGH VHU DWHQGLGR *5832 '( //$0$'$ *(1(5$/ 9(5 352*5$0$&,Ð1
LQVWiOHOR FRPR LQWHUQR  GH OD QRYD  (Q VX SURJUDPD GH
6L VX LQWHUQR VH FRQHFWD D OD OtQHD GLUHFWDPHQWH VHUYLFLR  FRPXQLFDFLRQHV R HQ ´3URSLHGDGHV GH GLVFDGRµ GH :LQGRZV
OXHJR GH GHVFROJDU WHFOHH )/$6+ VHJXLGR GHO Q~PHUR GHO LQ SURJUDPH FRPR SUHILMR GH DFFHVR D OtQHD : QXHYH XQR
WHUQR TXH GHVHD OODPDU $FFHGHUDXQDOtQHDHQSDUWLFXODU HVSHUD WRQR
$WHQGHUXQDOODPDGDTXHVXHQDHQRWURLQ 0DUFDQGR VREUH WRQR GH LQWHUQR  DFFHGH D OD OtQHD  \
PDUFDQGR  DFFHGH D OD OtQHD 
WHUQRFDSWXUD (/ ,17(512  '(%( 7(1(5 $6,*1$'2 (/ 6(59,&,2 

$WHQGHUHOSRUWHURHOpFWULFR (1 /$ 352*5$0$&,Ð1 25,*,1$/ '( )É%5,&$ ',&+2

/HYDQWH HO DXULFXODU \ PDUTXH  SDUD FDSWXUDU XQD OODPDGD
6(59,&,2 9,(1( $6,*1$'2 3(52 $17( &8$/48,(5 '8'$
TXH VXHQD HQ RWUR LQWHUQR
&2168/7( (/ 0$18$/ '( 352*5$0$&,Ð1
3 $5$ $7(1'(5 (/ 3257(52 (/e&75,&2 (1 /26 ,17(5126 '( /$
'(%( (67$5 ,167$/$'$ < /,%5( /$ /Ì1($  3$5$
129$  6( '(%( ,167$/$5 81 0Ð'8/2 $&&(625,2 23&,21$/
,
6 12 38('( &$3785$5 81$ //$0$'$ 38('( 48( 32'(5 5($/,=$5 81$ &2081,&$&,Ð1 '( (67$ &$5$&7(

6($ 81$ 5(6(59$ /$ 48( (67É //$0$1'2 5Ì67,&$ /$ &2081,&$&,Ð1 5($/,=$'$ '( (67$ 0$1(5$

12 38('( 6(5 75$16)(5,'$ $ 2752 ,17(512

&XDQGR VH DFFLRQD HO SXOVDGRU GHO IUHQWH OODPDQ ORV LQWHUQRV
FRQ GRV VHULHV GH VHLV OODPDGRV FRUWRV (O TXH DWLHQGH TXHGD
5HVHUYDGHFRPXQLFDFLRQHV
FRPXQLFDGR FRQ HO IUHQWH \ SXHGH DEULU OD FHUUDGXUD WHFOHDQ ,GHQWLILFDGRUGHOODPDGDV
6L DO LQWHQWDU XQD OODPDGD LQWHUQD HVFXFKD WRQR GH RFXSDGR
GR )/$6+ &RQHFWH VX HTXLSR LGHQWLILFDGRU GH OODPDGDV SDUD OD OtQHD 
PDUTXH  GRV 7UHV WRQRV FRUWRV OH LQGLFDQ TXH OD UHVHUYD
HQ HO LQWHUQR  \ HO HTXLSR SDUD OD OtQHD  HQ HO LQWHUQR 
IXH WRPDGD \ OD FHQWUDO OR OODPDUi FXDQGR HO LQWHUQR VH GH
//$0$5É1 /26 ,17(5126 48( (67e1 ,1&/8,'26 (1 (/
VRFXSH
*5832 '( //$0$'$ '(/ 3257(52 9(5 352*5$0$&,Ð1 (/ ,'(17,),&$'25 &21(&7$'2 $/ ,17(512  6(f$/$
3XHGH SURFHGHU GH OD PLVPD PDQHUD FXDQGR UHFLED RFXSDGR
5É /$6 //$0$'$6 $ /$ /Ì1($  < (/ '(/ ,17(512 
DO TXHUHU DFFHGHU D OtQHD H[WHUQD \ OD QRYD  OR OODPDUi
/$6 //$0$'$6 $ /$ /Ì1($  6, (/ ,17(512 &255(6
FXDQGR KD\D OtQHD GLVSRQLEOH GiQGROH WRQR GLUHFWR GH OtQHD 6L QR HVWi OODPDQGR HO LQWHUQR SXHGH FRPXQLFDUVH FRQ HO 321',(17( (67É 6,(1'2 86$'2 &8$1'2 ,1*5(6$ /$
3DVDUXQDOODPDGDH[WHUQDDRWURLQWHUQR IUHQWH PDUFDQGR  //$0$'$ e67$ 12 6(5É 6(f$/,=$'$ &$'$ ,17(512

6L HVWi PDQWHQLHQGR XQD FRQYHUVDFLyQ H[WHUQD \ GHVHD SD 7HOHEDQFRDXGLRWH[WROODPDGDHQHVSHUD '(%( (67$5 ,1&/8,'2 (1 (/ *5832 '( $7(1&,Ð1 '(

VDU OD OODPDGD D RWUR LQWHUQR WHFOHH )/$6+ \ DO HVFXFKDU WR 6L QHFHVLWD PDUFDU )/$6+ KDFLD OD OtQHD H[WHUQD SRU HMHPSOR 68 &255(6321',(17( /Ì1($ 9(5 352*5$0$&,Ð1

QR GH LQWHUQR PDUTXH HO Q~PHUR D TXLHQ TXLHUH WUDQVIHULU SDUD DWHQGHU XQD VHJXQGD OODPDGD SDVH SUHYLDPHQWH D
HVFXFKH HO WRQR GH OODPDGD \ FXHOJXH HO WHOpIRQR &XDQGR HO ¶PRGR WUDQVSDUHQWH· WHFOHDQGR )/$6+ \ OXHJR  PLHQWUDV
RWUR LQWHUQR DWLHQGD TXHGDUi FRPXQLFDGR FRQ OD OtQHD H[WHU HVWi FRPXQLFDGR FRQ OD OtQHD /XHJR SRGUi HQYLDU )/$6+ SRU 3URJUDPDFLyQGHODFHQWUDO
QD OD OtQHD H[WHUQD 7RGDV ODV LQVWUXFFLRQHV SDUD SURJUDPDU OD QRYD  VH GH
FRQVXOWDQGRSUHYLDPHQWH &DPELRGHPRGR WDOODQ HQ HO PDQXDO GH SURJUDPDFLyQ
(Q OXJDU GH FROJDU HVSHUH TXH HO RWUR LQWHUQR DWLHQGD SDUD /D FHQWUDO WLHQH GRV SURJUDPDFLRQHV TXH SXHGHQ DOWHUQDUVH
UHDOL]DU VX FRQVXOWD R DQXQFLDU OD OODPDGD H[WHUQD /XHJR PHGLDQWH XQ VLPSOH FRPDQGR (VWD IDFLOLGDG VLUYH SDUD GHILQLU
VL 8G FXHOJD HO RWUR LQWHUQR VH TXHGD FRQ OD FRPXQLFDFLyQ GRV PRGRV GH SURJUDPDFLyQ SRU HMHPSOR SDUD GtD \ QRFKH
VL HO RWUR LQWHUQR FXHOJD 8G VH TXHGD FRQ OD FRPXQLFDFLyQ 0DUFDU         SDUD SDVDU D GtD \
VL 8G WHFOHD )/$6+ VHJXLGR GH  FHUR ORV WUHV TXHGDQ         SDUD SDVDU D QRFKH
KDEODQGR HQ XQD FRQIHUHQFLD