cfrm release
TRANSCRIPT
8/3/2019 CFRM Release
http://slidepdf.com/reader/full/cfrm-release 1/12
Qht~vdh{ Infv~hv{ 4* 6=86
Q~llhv{ `i lndkh a`gq~lnv hatkykql kg ]hekqthg
_n hvn h ov`~} `i hatkykqtq* hahdnlkaq* jhw{nvq hgd c`~vghjkqtq* aktksngq iv`l hjjwhjeq `i jkin ,, nqqngtkhjj{ lndkh a`gq~lnvq qnvykgo hq hg kgdn}ngdngt }jhti`vl t`
y`kan }~fjka a`ganvg hgd tbv`~ob }n`}jn }`wnvnd vni`vl* ngq~vn tbht ivnnd`l
hgd vnq}`gqkfkjkt{ }vnyhkjq kg tbn lndkh kg ]hekqthg'
_n* hq a`ganvgnd lndkh a`gq~lnvq* ahln t`ontbnv ~gktnd kg `~v `~tvhon hohkgqt
h l`vgkgo qb`w fv`hdahqt `g Chg 8?* 6=86* jkgeq t` wbkab fnohg akva~jhtkgo `g
ihanf``e `g Chg 6=* 6=86' Kg tbn gnrt inw dh{q `~v `gjkgn }ntktk`g vnankynd `ynv
>*=== qkoght`vknq "btt}3fkt'j{sVl]GS+' Kg hddktk`g* wn nlhkjnd h a`}{ `i tbn
}ntktk`g tnrt t` Qhlhh TY abhkv}nvq`g* Shihv Qkddkxk wktb aa‛q t` qnynvhj
qkoght`vknq "Hggnr~vn 8+' _n httnl}tnd t` ahjj hgd tnrt lnqqhon bkl ng,lhqqn kg
`vdnv t` dvhw bkq httngtk`g t``' Bn vn}jknd }v`l}tj{* nr}vnqqkgo bkq a`ganvg hgd
vnovntq hgd }v`lkqkgo tbht tbn abhggnj w`~jd h}`j`okqn "Hggnr~vn 6+'
Tbn i`jj`wkgo l`vgkgo* Qhlhh TY fv`hdahqt hg ~ga`gdktk`ghj h}`j`o{ `g fnbhji
`i tbn abhggnj' B`wnynv* tbn b`qt Lh{h Ebhg‛q w`vdq dkd g`t a`gqtkt~tn h }v`}nv
h}`j`o{ `v haeg`wjndonlngt `i bnv tvhgqovnqqk`gq'
_n hohkg nlhkjnd Lv Qkddkxk* tbhgekgo bkl i`v Qhlhh TY‛q h}`j`o{ hgd
vnx~nqtkgo hg ~gx~hjkiknd h}`j`o{ iv`l tbn b`qt "Hggnr~vn 1+' Bn vn}jknd qb`vtj{
hitnvwhvdq* hqq~vkgo ~q tbht o~kdnjkgnq bhd fnng }~t kg }jhan t` }vnyngt q~ab
tvhgqovnqqk`gq iv`l fnkgo vn}nhtnd' Bn hjq` qhkd tbht qkgan tbn b`qt Lh{h Ebhg
bhd vni~qnd t` h}`j`okqn ~ga`gdktk`ghjj{* bnv qnvykanq hgd bnv qb`w wnvn fnkgo
tnvlkghtnd "Hggnr~vn 4+'
8/3/2019 CFRM Release
http://slidepdf.com/reader/full/cfrm-release 2/12
Lhg{ }n`}jn hjq` qngt qlq lnqqhonq t` Lv Qkddkxk‛q anjj }b`gn hgd ahjjnd tbn
Qhlhh TY `iikanq* kg hddktk`g t` a`l}jhkgkgo ht ]nlvh‛q `gjkgn inndfhae i`vl'
Haa`vdkgo t` ]nlvh `iikakhjq* tbn{ vnankynd q`ln 4== a`l}jhkgtq hf`~t tbht
}hvtka~jhv qb`w' Kg hddktk`g* tbnvn whq h tbvnht `i jnohj hatk`g hohkgqt Qhlhh TY
hgd a`gthat whq hjq` kgktkhtnd wktb a`v}`vhtk`gq t` wktbdvhw a`llnvakhjq iv`lq~ab qb`wq "f`tb hatk`gq wnvn qt`}}nd hitnv Lv Qkddkxk‛q qna`gd nlhkj
vnq}`gdkgo }`qktkynj{ t` lndkh a`gq~lnvq‛ a`l}jhkgtq* f~t f`tb vnlhkg vnhj
}`qqkfkjktknq i`v i~t~vn ahl}hkogq+'
Tbn dnovnn `i }hvtkak}htk`g qb`wg hgd nga`~vhonlngt f{ lndkh a`gq~lnvq jnd
~q t` a`ln t`ontbnv ~gdnv tbn ~lfvnjjh `i /Aktksngq i`v Ivnn hgd Vnq}`gqkfjn
Lndkh "AIVL+* ]hekqthg/' _n i~gatk`g hq h g`g,bknvhvabhj }jhti`vl wktb dnakqk`gq
theng f{ a`gqngq~q hl`go tbn a`vn ov`~} lnlfnvq* wktb kg}~tq iv`l lndkh
a`gq~lnvq wb` ahg g`w c`kg ~q `g `~v ihanf``e }hon
"btt}q3www'ihanf``e'a`lA4IVL+' ]n`}jn ahg hjq` }`kgt `~t lndkh
tvhgqovnqqk`gq hgd okyn tbnkv kg}~tq bnvn* t` d` tbnkv fkt t` ‚vnd~an tbn q`akhj a`qt
`i qkjngan“'
Tbn g`g,o`ynvglngt `vohgkshtk`gq Gntw`ve i`v A`gq~lnv ]v`tnatk`g* Kgtnvlndkh
]hekqthg "f`tb bnhdnd f{ qngk`v* vnq}natnd c`~vghjkqtq+* hgd F{tnq i`v Hjj q~}}`vt
`~v ah~qn hgd bhd fno~g w`ve `g h jnohj }ntktk`g hohkgqt Qhlhh TY' I`jj`wkgo
q~aanqqi~j `~ta`ln `i `~v q`akhj lndkh ahl}hkog t` i`van Qhlhh TY lhghonlngt
t` hddvnqq a`ganvgq hv`~gd tbn a`ganvgnd l`vgkgo qb`w* tbn{ hgg`~gand `g Chg
6;* 6=86* tbht tbn{ w`~jd ‚wktbb`jd tbnkv }jhggnd jnohj abhjjngon kg tbn Q~}vnlnA`~vt `g }vkyha{ vkobtq hv`~gd tbkq ahqn* qkgan `gn `i tbn dnqkvnd `~ta`lnq bhq
hjvnhd{ fnng habknynd' _n wkjj* b`wnynv* hq g`w `~vqnjynq }hvt `i tbn Aktksngq
I`v Ivnn hgd Vnq}`gqkfjn Lndkh* fn hyhkjhfjn t` jngd hg{ q~}}`vt vnx~kvnd kg
vnhjkskgo tbn `fcnatkynq `i tbkq I`v~l'“
Q` ihv wn bhd hd`}tnd h l~jtk,}v`gond h}}v`hab3 `gjkgn hatkykql* hq wnjj hq
dkvnat a`ll~gkahtk`g wktb tbn abhggnj `v }nvq`g a`ganvgnd* hq wnjj hq j`ff{kgo
tbv`~ob `tbnv abhggnjq' Tbn }`qqkfkjkt{ `i jnohj hatk`g kq g`t v~jnd `~t* g`v kq tbn
}`qqkfkjkt{ `i h}}v`habkgo a`v}`vhtk`gq t` hqe tbnl t` vn,a`gqkdnv hdynvtkqkgo kgqb`wq tbht yk`jhtn fhqka ntbkaq hgd b~lhg dkogkt{'
H vnangt ahqn wn t``e ~} kgy`jynq h vnhjkt{ qb`w* Tb`vk Qk Fnwhihk `g H,]j~q TY'
_ktbkg b`~vq `i `~v bhykgo qthvtnd hg`tbnv }ntktk`g tbn b`qt `i tbn qb`w
hgg`~gand tbht bn bhq x~kt tbn qb`w* tbht tbn qb`w whq fhqnd `g vn,nghatlngtq
8/3/2019 CFRM Release
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hgd tbht tbn abhggnj bhd g`t okyng tbkq dkqaj`q~vn hq tbn{ wnvn ntbkahjj{ f`~gd t`
d`* hgd hq }nv tbnkv hovnnlngt wktb bkl' "Hggnr~vn 9+
AIVL‛q o`hj kq g`t t` ont abhggnjq fhggnd `v t` ont TY b`qtq `v c`~vghjkqtq ikvnd*
f~t t` nga`~vhon abhggnjq t` ny`jyn tbnkv `wg qnt `i o~kdnjkgnq hgd a`dn `i
ntbkaq kg a`gc~gatk`g wktb qngk`v }v`d~anvq* c`~vghjkqtq hgd a`ganvgnd aktksngq* t`
ngq~vn tbht }vkyha{ hgd b~lhg dkogkt{ hvn g`t yk`jhtnd' _n ~von tbnl t` lhen
tbnqn o~kdnjkgnq }~fjka'
_n hjq` ~von tbnl t` kga`v}`vhtn h abhggnj i`v lndkh a`gq~lnvq t` h}}v`hab kg
ahqn `i a`l}jhkgt `v vndvnqq* hgd h}}`kgt kgtnvghj `lf~dqlng i`v tbkq }~v}`qn'
_n hjq` ~von tbn kgd~qtv{ t` vnykqn tbn a~vvngt vhtkgoq q{qtnl* hgd hjkog tbn
‒x~hjkt{ `i a`gtngt‛ wktb tbn ‒x~hgtkt{ `i yknwnvqbk}'‛
Aktksngq i`v Ivnn hgd Vnq}`gqkfjn Lndkh "AIVL+* ]hekqthg
btt}3www'ihanf``e'a`lA4IVL
a4ivl}eMolhkj'a`l
8/3/2019 CFRM Release
http://slidepdf.com/reader/full/cfrm-release 4/12
Hggnr~vn 8
Jnttnv 83
,,,,,@vkokghj Lnqqhon,,,,,
Iv`l3 UDv' Ehlvhg Kxfhj\
Qngt3 L`gdh{* Chg~hv{ 61* 6=86 =63=> ]L
T`3 UShihv Qkddkxk\Aa3 Hjj qkoght`vknq
Dnhv Lv Qkddkxk*
_n tbn ~gdnvqkognd w`~jd jken t` nr}vnqq `~v dkqlh{ ht h l`vgkgo qb`w fv`hdahqt `g Qhlhh
TY* Q~fhb Qhynvn{ Lh{h eh{ Qhtb* tbht nrbkfktnd bkobj{ kgtv~qkyn* kgyhqkyn hgd }`tngtkhjj{
kvvnq}`gqkfjn fnbhyk`v `g tbn }hvt `i tbn b`qt , h ekgd `i ykokjhgtkql g` dkiinvngt tbhg tbn Jhj
Lhqckd yhvknt{' Tbn n}kq`dn `i Chg 8?* 6=86 kg }hvtka~jhv whq bkobj{ dkqt~vfkgo kg wbkab tbn b`qt
Lh{h Ebhg wngt hitnv a`~}jnq kg }hveq'
Hq yknwnvq hgd aktksngq* wn g`t `gj{ }v`tnqt tbkq ekgd `i l`vhj }`jkakgo* f~t hjq` }`kgt `~t tbht
tbkq ekgd `i }v`ovhllkgo kq jkenj{ t` hjq` jnhd t` jnohj hatk`g i`v yk`jhtk`g `i dkogkt{ `i lhg
~gdnv tbn A`gqtkt~tk`g , wbkab jnohj hatk`g wn* hq qkoght`vknq* wkjj q~}}`vt* }v`}hohtn hgd
}v`l`tn'
_n b`}n tbht Qhlhh TY wkjj ngd tbkq kvvnq}`gqkfjn }v`ovhllkgo kllndkhtnj{* hgd j``e i`vwhvd
t` {`~v nhvj{ vnq}`gqn' Ki wn wkjj g`t ont hg{ vnq}`gqn iv`l {`~ f{ gnrt 64 b`~vq* wn wkjj bhyn
g` `tbnv wh{ f~t t` then tbkq kqq~n t` ]NLVH dkvnatj{ hgd fvkgo kgt` i~vtbnv g`tkan `i }~fjka hgd
vnjnyhgt h~tb`vktknq'
Qkganvnj{3
Hjk Ehslk* Qt~dngt* Kqjhlhfhd
Hjk Thc* Bndon I~gd lhghonv* _kgabnqtnv I~gd* Anvvkt`q*
Ahjki`vgkh
Hjj{ Hdghg* Dkvnat`v* B~hwnk tnabg`j`oknq* Dhjjhq* TR
Hlkv Qhk{kd
Hlgh Abkqbt{* lhventkgo a`gq~jthgt* Ahghdh
Hqhd~jjhb Ebhg* Bnhd `i ]v`ovhllkgo* Ah}kthj TY* Kqjhlhfhd
Hqki Hjhl* Ikghgakhj Qnvykanq Nrna~tkyn* Gnw [`ve* G[* ^QH
Hqki Qhtthv* Hdlkg @}nvhtk`gq ht Eknvq Ihakjktknq Jtd* Qj`~ob*
Ngojhgd
Fnngh Qhvwhv* c`~vghjkqt* Ahlfvkdon LH Ehvhabk* ]hekqthgDhgknjjn Onbvlhgg* jkgo~kqt* Q{dgn{* H~qtvhjkh
Bhqqhg T~vk* qt~dngt* Hovka~jt~vhj ~gkynvqkt{* ]nqbhwhv
Q{nd B~qqnkg Nj,Ndv``q* F~qkgnqq Dnynj`}lngt ) Tvhkgkgo
Lhghonv* Kqjhlhfhd
]v`i' Dv' Kchs Ebhg* Abhkvlhg* Dn}hvtlngt `i Kgtnvghtk`ghj
Vnjhtk`gq* ^gkynvqkt{ `i ]nqbhwhv* Eb{fnv ]hebt~gebwh*
]hekqthg
Dv Ehlvhg Kxfhj* Qnji Nl}j`{nd ¿ Ehvhabk* ]hekqthg
Ehl{jh Lhvyk* Aktksng* Ehvhabk ]hekqthg
Lnnvh Obhgk* A`ganvgnd Aktksng* Jhb`vn
L`bqkg Qh{nnd* c`~vghjkqt* Ehvhabk
L~bhllhd Ihvhs Ihbnnl* Qngk`v Q`itwhvn Ngokgnnv* Ehvhabk*
]hekqthg
L~gghskv Hsks* ykdn` }v`d~anv* J`dbvhg* ]hekqthg
Ghdkh Ihshj Chlkj* hatvnqq* Jhb`vn* ]hekqthg
Ghbnnd T`ikx L``vhc* ]v`}vknt`v `i Ahgdjn _`veq* Ehvhabk
G`lhg X~hdvk* a`ganvgnd aktksng* Ehvhabk
Dv' @qhlh Qkddkx~n* Jhw ]v`inqq`v* Jhb`vn
Vhfkh Hebthv' ]bD ahgdkdhtn* Ehgqhq Qthtn ^gkynvqkt{*
^QHVhwhj}kgdk* ]hekqthgVhsh Fhqbkv* a`v}`vhtn fhgekgo* Ehvhabk
Qhhdkh T``v* Hqq`akhtn ]v`inqq`v `i Q`ak`j`o{* Akt{ ^gkynvqkt{
`i Gnw [`ve'
Qhfh Bhlkd* hatvnqq* Jhb`vn* ]hekqthg
Qhfkbh Hjw{* Nd~ahtk`ghj ]q{ab`j`okqt* Gnw [`ve
Qbh{hg Hishj Ebhg* a`ganvgnd aktksng* Kqjhlhfhd
Thllkn Lhbl~d* Tvhkgnv ) Nd~ahtk`g ]v`ovhl Dnynj`}nv*
F`ah Vht`g* IJ
Qkvhc Ebhg* Ikghgakhj Nrna~tkyn* F`qt`g LH ^QH
8/3/2019 CFRM Release
http://slidepdf.com/reader/full/cfrm-release 5/12
Hggnr~vn 6
Jnttnv 63
@g T~n* Chg 64* 6=86 ht 863=> HL* UShihv Qkddkxk\ wv`tn3
Dnhv Hjj
K bhyn tvhynjjnd t` Ebk t` j``e ht tbkq lhttnv hgd {nqtnvdh{ Lh{h h}`j`okqnd kg bnv }v`ovhl i`vtbkq' K ahg hqq~vn tbkq wkjj gnynv bh}}ng hohkg' Qhlhh kq h }v`ovnqqkyn abhggnj'
Tbnvn hvn anvthkg `tbnv dkvnatkynq tbht bhyn fnng }~t kgt` }jhan hq `i {nqtnvdh{'
K tbhge nynv{`gn a`ganvgnd kg fvkgokgo tbkq lhttnv t` l{ httngtk`g' Kt/q vnhjj{ h}}vnakhtnd'
fnqt vnohvdq
Shihv Qkddkxk
Abhkvlhg AGFA Hvhfk{h
Abhkvlhg AGFA Hivkah
]vnqkdngt AGFA ]hekqthg
8/3/2019 CFRM Release
http://slidepdf.com/reader/full/cfrm-release 6/12
Hggnr~vn 1
Jnttnv 13
,,,,,@vkokghj Lnqqhon,,,,,
Iv`l3 UDv' Ehlvhg Kxfhj\
Qngt3 Ivkdh{* Chg~hv{ 6?* 6=86 =13=2 ]L
T`3 UShihv Qkddkxk\Aa3 Hjj qkoght`vknq
Q~fcnat3 ̂ VONGT3 ]n`}jn/q ]ntktk`g hgd ]v`tnqt ̀ g Kvvnq}`gqkfjn* Kgtv~qkyn hgd Kgyhqkyn
]v`ovhllkgo f{ QHLHH TY
Dnhv Lv' Qkddkxk*
_n dnn}j{ h}}vnakhtn {`~v }v`l}t vn}j{ hgd hqq~vhgan tbht tbn ekgd `i qb`w fv`hdahqt ̀ g
Chg~hv{ 8?tb* 6=86* /Q~fb Qhwnvn{ Lh{h En Qhhtb/ `g QHLHH TY wkjj g`t then }jhan hohkg'
_n hjq` h}}vnakhtn {`~v l`vhj a`~vhon kg ngq~vkgo tbht QHLHH TY lhdn h }~fjka*
~ga`gdktk`ghj h}`j`o{ fv`hdahqt ̀ g Chg~hv{ 64tb* 6=86' B`wnynv* wn ahgg`t haan}t Lq' Lh{h
Ebhg/q w`vdq fv`hdahqt tbht l`vgkgo hq hg h}`j`o{' Qbn qhkd qbn whq q`vv{ /ki/ qbn bhd b~vt
hg{`gn/q innjkgoq wktb`~t hg{ haeg`wjndonlngt tbht wbht qbn hgd bnv tnhl dkd whq wv`go*
wbkab kgy`jynd j{kgo t` }n`}jn* ikjlkgo tbnl wktb`~t a`gqngt* lhekgo i~g `i hoovknynd a`~}jnq
hitnv abhqkgo tbnl* hgd dnlhgdkgo tbnkv gkehb ghlhq' Kg ihat* bnv g`gabhjhgt httkt~dn hgd
w`vdq ̀ gj{ a`l}`~gdnd q`akhj hgd nl`tk`ghj w`~gdq ̀ i tbn hoovknynd aktksngq hq qbn ajnhvj{
jhaend qnvk`~qgnqq hgd ong~kgn a`ganvg i`v tbn }n`}jn hgd ihlkjknq qbn bhq ah~qnd bhvl
tbv`~ob bnv dnankti~j* dnihlht`v{* kgtv~qkyn hgd kgyhqkyn }v`ovhllkgo* h yhj~n wbkab kq kg
a`l}jntn a`gtvhqt t` {`~v hqqnvtk`g tbht QHLHH TY kq h abhggnj wktb }v`ovnqqkyn yhj~nq'
T` hdd qhjt t` tbn w`~gd* q}nhekgo t` tbn Gnw [`ve Tklnq `g T~nqdh{* Chg~hv{ 64tb* 6=86 "tbn
qhln dh{ hq QHLHH TY fv`hdahqt bnv ‒h}`j`o{‛+* Lq' Lh{h Ebhg ‒vncnatnd bnv avktkaq* ahjjkgo
tbnl ‚hg njktn ajhqq tbht d`g‛t nyng whtab l{ qb`w*“ hgd qhkd tbn qb`w lnvnj{ kgtngdnd t`
bkobjkobt tbn dhgonvq tbht ~ghaa`l}hgknd {`~tbq ihan kg Ehvhabk‛'“ "G[T* Chg 69* 6=86 ,
btt}3g{tk'lqwlEHEb+'
Kg {`~v nlhkj t` ~q {`~ qhkd* ‚Tbnvn hvn anvthkg ̀ tbnv dkvnatkynq tbht bhyn fnng }~t kgt` }jhan hq
`i {nqtnvdh{“ "k'n'* Chg~hv{ 61vd* 6=86+' Q~ab dkvnatkynq gnnd t` fn lhdn }~fjka'
Q~fqnx~ngt t` ̀ ~v a`vvnq}`gdngan wktb {`~* wn bhyn fnng lhdn hwhvn ̀ i `tbnv }v`ovhllnq
fv`hdahqt nhvjknv hq }hvt `i tbkq h}}hjjkgo l`vgkgo qb`w qnvknq* kg wbkab Lq' Lh{h Ebhg }ktq
l`tbnvq hgd dh~obtnvq hgd bhvhgo~nq {`~go okvjq kg tbn l`qt kgdnangt wh{q hj`go wktb bnv
tnhl "hq kg tbkq qb`w `i @at`fnv 6=88 , btt}3{`~t~'fnoqhFGOa?sEN+' Tbnvn hvn }v`fhfj{
lhg{ `tbnv qb`wq tbht {`~ }v`fhfj{ bhyn g`t {nt qnng hgd wkjj fn b`vvkiknd* hq wn wnvn* `g
qnnkgo* tbht ̀ fcnatki{ w`lng ‒Fntk eh Habhv ,btt}3{`~t~'fn~BL~hI>nnYH+ hgd }~t tbnl ht
vnhj vkqe `i fnkgo ekjjnd i`v ‒b`g`~v‛ "‒Fntk ek ehvk‛ ,btt}3{`~t~'fnoqhFGOa?sEN+' _n d` g`t
haan}t tbn dkqajhklnvq tbht vhg kg q`ln `i tbnqn }v`ovhllnq tbht QHLHH TY kq g`t vnq}`gqkfjn
8/3/2019 CFRM Release
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Hggnr~vn 1
i`v tbn a`gtngt'
Kg tbn hfqngan `i ong~kgn h}`j`o{ hgd }~fjka kgi`vlhtk`g hf`~t a`vvnatkyn }`jka{ dkvnatkynq*
hgd a`l}ngqhtk`g t` hiinatnd ihlkjknq* wn wkjj bhyn t` a`gaj~dn tbht QHLHH TY kq g`t qkganvn
kg ktq h}`j`o{* hgd }jhgq t` a`gtkg~n wktb }v`ovhllkgo tbht fjhthgtj{ yk`jhtnq tbn a`gqtkt~tk`ghj
vkobtq `i ]hekqthgk aktksngq hq wnjj hq fhqka c`~vghjkqtka ntbkaq hgd a`gqtkt~tnq h ahqn `i c`~vghjkqtka lhj}vhatkan'
Kg tbht ahqn* kt wkjj fna`ln kga~lfngt ~}`g ~q* hq a`gqakngtk`~q aktksngq `i ]hekqthg* t`
fv`hdng `~v l`ynlngt ~gtkj a`vvnatkyn }`jkaknq hvn }~t kg }jhan hgd lhdn }~fjka hj`go wktb h
ykqkfjn* ong~kgn hgd ~gx~hjkiknd h}`j`o{ iv`l Lq' Lh{h Ebhg* q}nakikahjj{ thekgo fhae bnv
w`vdq hgd hatk`gq hgd haan}tkgo bnv lkqa`gd~atq* g`t c~qt wktb vnohvdq t` tbn qb`w ̀ i Chg~hv{
8?tb* 6=86 f~t hjq` i`v }vnyk`~q qb`wq kg wbkab qbn bhq dkqvnq}natnd ihlkjknq* lndkh
a`gq~lnvq hgd yknwnvq hjken'
_n* tbn ~gdnvqkognd* hq wnjj hq tbn `ynv >*=== qkoght`vknq `i tbn `gjkgn }ntktk`g
"btt}3fkt'j{sVl]GS+ tbht bhq fnng a`ll~gkahtnd t` {`~* hvn vnhd{ t` j`ff{ wktb
a`v}`vhtk`gq "hgd tbnkv kgtnvghtk`ghj `iikanq ki gnnd fn+* tbht hvn hdynvtkqkgo `g QHLHH TY*
hqekgo tbnl t` j``e kgt` tbkq kqq~n fni`vn hdynvtkqkgo wktb tbkq }v`ovhl hgd abhggnj' _n hjq`
vnqnvyn tbn vkobt t` h}}v`hab t` tbnqn fvhgdq ki tbn gnnd hvkqnq'
B`wnynv* c~dokgo f{ {`~v }v`l}t vnq}`gqn hgd f{ tbn h}`j`o{ fv`hdahqt ̀ g QHLH TY {`~v
fnbnqt* kt h}}nhvq tbht {`~* Lv' Shihv Qkddkxk* wbkjn fnkgo ong~kgnj{ wnjj,lnhgkgo* bhyn fnng
lkqjnd f{ {`~v }v`d~anvq "{`~v qngk`v }v`d~anv Q`bhkj Shkdk* i`v nrhl}jn* dningdnd tbn
}v`ovhl hgd t`jd FFA ̂ vd~ Vhdk` tbht bn whq g`t hgqwnvhfjn t` hg{`gn ,btt}3fkt'j{rLa2q[+'
Tbnvni`vn wn ~von {`~ t`3
8' Lhen }~fjka tbn wvkttng a`vvnatkyn dkvnatkynq hgd o~kdnjkgnq tbht bhyn fnng }~t kg }jhan*
}v`hatkynj{ jnhdkgo f{ nrhl}jn hq h abhggnj wktb a`gqakngan wbkab kq vn}`gqkfjn hgd ahvnq
hf`~t ktq yknwnvq hgd tbnkv qngtklngtq'
6' Ngq~vn h qnvk`~q* ong~kgn hgd ~gx~hjkiknd h}`j`o{ iv`l Lq' Lh{h Ebhg kg wbkab qbn haan}tq
bnv dnjkfnvhtn lkqa`gd~at hgd yk`jhtk`g ̀ i tbn hiinatnd }n`}jn* ihlkjknq* lndkh a`gq~lnvq*
yknwnvq hgd tbn jhw'
1' Then tbkq h}}hjjkgo qb`w ‒Q~fb Qhwnv{ Lh{h en Qhhtb‛ ̀ ii hkv* hq ktq ynv{ }vnlkqn kq fhqnd ̀ gtbn a`gan}t ̀ i l`vhj }`jkakgo hgd kgtnvinvngan kg }n`}jn‛q }nvq`ghj jkynq'
4' Ngq~vn tbht Lq' Lh{h Ebhg hgd hjj {`~v `tbnv vn}`vtnvq* }v`d~anvq hgd b`qtq a`l}j{ wktb
tbn gnw dkvnatkynq kg i~t~vn* wbntbnv tbn{ hvn }hvt `i tbn gnwq tnhl `v tbn ngtnvthkglngt
tnhl'
QHLHH TY bhq lhg{ avndktq t` ktq ghln tbht wn h}}vnakhtn* hgd wn hq lndkh a`gq~lnvq*
8/3/2019 CFRM Release
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Hggnr~vn 1
ong~kgnj{ whgt t` qnn tbkq abhggnj vnhjkqn ktq }`tngtkhj hq h tv~j{ }v`ovnqqkyn abhggnj' _n
hqq~vn {`~ tbht wn wkjj q~}}`vt {`~ kg tbn lkqqk`g t` tvhgqjhtn x~hjkt{ kgt` ovnhtnv yknwnvqbk}
fhqnd ̀ g dkogkt{* ihkvgnqq* vnq}nat hgd nx~hj vkobtq* g`t thkgtnd f{ q~fqthgdhvd b`qtq hgd
}v`ovhllkgo' [`~ lh{ whgt t` bhyn h j``e ht tbn a`dn `i a`gd~at o~kdnjkgnq `i tbn Q`aknt{ `i
]v`inqqk`ghj C`~vghjkqtq* t` a`gq~jt wbkjn dvhitkgo tbnkv `wg o~kdnjkgnq3
btt}3www'q}c'`vontbkaqa`dn'hq}'
Tbhge {`~*
Qkganvnj{3
Hjk Ehslk* Qt~dngt* Kqjhlhfhd
Hjk Thc* Bndon I~gd lhghonv* _kgabnqtnv I~gd* Anvvkt`q* Ahjki`vgkh
Hjj{ Hdghg* Dkvnat`v* B~hwnk tnabg`j`oknq* Dhjjhq* TR
Hlgh Abkqbt{* lhventkgo a`gq~jthgt* Ahghdh
Hqhd~jjhb Ebhg* Bnhd `i ]v`ovhllkgo* Ah}kthj TY* Kqjhlhfhd
Hqki Hjhl* Ikghgakhj Qnvykanq Nrna~tkyn* Gnw [`ve* G[* ^QH
Hqki Qhtthv* Hdlkg @}nvhtk`gq ht Eknvq Ihakjktknq Jtd* Qj`~ob* Ngojhgd
Dv Hwhf Hjyk* @vtb`d`gtkqt ) Q`akhj lndkh Hatkykqt* Ehvhabk
Fnngh Qhvwhv* c`~vghjkqt* Ahlfvkdon LH Ehvhabk* ]hekqthg
Dhgknjjn Onbvlhgg* jkgo~kqt* Q{dgn{* H~qtvhjkh
Bhqqhg T~vk* qt~dngt* Hovka~jt~vhj ~gkynvqkt{* ]nqbhwhv
Q{nd B~qqnkg Nj,Ndv``q* F~qkgnqq Dnynj`}lngt ) Tvhkgkgo Lhghonv* Kqjhlhfhd
]v`i' Dv' Kchs Ebhg* Abhkvlhg* Dn}hvtlngt ̀ i Kgtnvghtk`ghj Vnjhtk`gq* ̂ gkynvqkt{ ̀ i ]nqbhwhv* Eb{fnv
]hebt~gebwh* ]hekqthg
Dv Ehlvhg Kxfhj* Qnji Nl}j`{nd ¿ Ehvhabk* ]hekqthg
Ehl{jh Lhvyk* Aktksng* Ehvhabk ]hekqthg
Lnnvh Obhgk* A`ganvgnd Aktksng* Jhb`vn
Lkvh Bhqblk* ikjl avktka hgd tnhabnv* Jhb`vn
L`bqkg Qh{nnd* c`~vghjkqt* EhvhabkL~bhllhd Ihvhs Ihbnnl* Qngk`v Q`itwhvn Ngokgnnv* Ehvhabk* ]hekqthg
L~gghskv Hsks* ykdn` }v`d~anv* J`dbvhg* ]hekqthg
Ghdkh Ihshj Chlkj* hat`v* Jhb`vn* ]hekqthg
Ghdkv Nj,Ndv``q* tnhabnv* J`gd`g* ̂ E'
Ghbnnd T`ikx L``vhc* ]v`}vknt`v `i Ahgdjn _`veq* Ehvhabk
Gkobht Dhd* hdy`ahtn* Jhb`vn
G`lhg X~hdvk* a`ganvgnd aktksng* Ehvhabk
Dv' @qhlh Qkddkx~n* Jhw ]v`inqq`v* Jhb`vn
Vhfkh Hebthv' ]bD ahgdkdhtn* Ehgqhq Qthtn ^gkynvqkt{* ^QHVhwhj}kgdk* ]hekqthg
Vhsh Fhqbkv* a`v}`vhtn fhgekgo* Ehvhabk* ]hekqthg
Qhhdkh T``v* }v`inqq`v* Gnw [`ve*
Qhbhv Bhfkf Obhsk* C`~vghjkqt* ]hj` Hjt`* Ahjki`vgkh
Qbhb Bh{ht Hblhd* Aktksng* Ehvhabk* ]hekqthg
Qhfh Bhlkd* hat`v* Jhb`vn* ]hekqthg
Qhfkbh Hjw{* Nd~ahtk`ghj ]q{ab`j`okqt* Gnw [`ve
Qbhb Ghwhs* qt~dngt* Lnl`g O`tb* Lhjkv* Ehvhabk
Qbh{hg Hishj Ebhg* a`ganvgnd aktksng* Kqjhlhfhd
Qkvhc Ebhg* Ikghgakhj Nrna~tkyn* F`qt`g LH ̂ QH
Thllkn Lhbl~d* Tvhkgnv ) Nd~ahtk`g ]v`ovhl Dnynj`}nv* F`ah Vht`g* IJ
8/3/2019 CFRM Release
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Hggnr~vn 4
Jnttnv 43
,,,,,@vkokghj Lnqqhon,,,,,
Iv`l3 UShihv Qkddkxk\
Dhtn3 Qht* Chg 62* 6=86 ht 86362 ]L
Q~fcnat3 Vn3 ̂ VONGT3 ]n`}jn/q ]ntktk`g hgd ]v`tnqt ̀ g Kvvnq}`gqkfjn* Kgtv~qkyn hgd Kgyhqkyn]v`ovhllkgo f{ QHLHH TY
T`3 UDv' Ehlvhg Kxfhj\
Aa3 Hjj qkoght`vknq
Dnhv Hjj
[`~v inndfhae kq h}}vnakhtnd'Hq h vnq}`gqkfjn a`v}`vhtn aktksng* Qhlhh TY dkd wbht whq
vnx~kvnd ~gdnv tbn akva~lqthganq' _n d` g`t hgd bhyn g`t kg tbn }hqt `v kgtngd t` kg tbn i~t~vn
t` then `~v yknwnvqbk} `v vn}`vtkgo vnx~kvnlngtq wktb`~t tbn qnvk`~qgnqq tbht tbn{ dnqnvyn'
[`~ w`~jd h}}vnakhtn tbht hq hg `vohgkqhtk`g wktb h i~gatk`gkgo lhghonlngt tnhl* wn bhd t`
a`gd~at anvthkg jnohj vnx~kvnlngtq ̀ ynv tbn }hqt wnne hgd kgtnvghj vnyknw }v`anqqnq "wbkab
hvn ̀ }nvhtk`ghj kg ght~vn+ fni`vn }v`anddkgo i~vtbnv'
Hq h vnq~jt `i wbkab K ahg kgi`vl {`~3
8 _n hqend Lh{h t` h}`j`okqn ~ga`gdktk`ghjj{ wbkab qbn dkd g`t'
6 Tbn AN@ hqend bnv t` d` tbht `g ivkdh{ wbkab qbn vni~qnd'
Hq h vnq~jt `i wbkab tbn i`jj`wkgo wkjj fn }~t kg }jhan `g L`gdh{*Chg 1=tb'
8 Lh{h hgd bnv tnhl wkjj vnankyn tnvlkghtk`g g`tkanq'
6 Bnv qb`w kq fnkgo qt`}}nd iv`l L`gdh{ l`vgkgo'
@~v dnndq hgd hatk`gq theng qkgan tbkq n}kq`dn `aa~vnd hvn tbnvn i`v tbn vna`vd hgd b`}n tbkq
wkjj qnttjn kqq~nq hq ihv hq tbn qthtk`g kq a`ganvgnd'H j`t bhq fnng wvkttng hf`~t tbn vhan i`v vhtkgoq''_njj* wn d` hfq`jyn q~ab fnbhyk`~v
kvvnq}natkyn `i vhtkgoq tbht tbn qb`w whq onttkgo'
_ktb fnqt vnohvdq hgd tbhge {`~ i`v {`~v ~gdnvqthgdkgo'
Shihv Qkddkxk
Abhkvlhg AGFA Hvhfk{h
Abhkvlhg AGFA Hivkah
]vnqkdngt AGFA ]hekqthg
8/3/2019 CFRM Release
http://slidepdf.com/reader/full/cfrm-release 10/12
Hggnr~vn >
Jnttnv >3
,,,,,@vkokghj Lnqqhon,,,,,
Iv`l3 UDv' Ehlvhg Kxfhj\
Qngt3 Qht* Chg 62* 6=86 ht 88368 ]LT`3 UShihv Qkddkxk\
Aa3 Hjj qkoght`vknq
Dnhv Lv' Qkddkxk*
Tbhge {`~ i`v {`~v }v`l}t hgd a`~vhon`~q vnq}`gqn' _n h}}vnakhtn tbn l`vhj a`~vhon ̀ i
QHLHH TY‛q qthgan' _n b`}n {`~ wkjj a`gtkg~n t` jnhd f{ nrhl}jn kg dnynj`}kgo h a`dn ̀ i
ntbkaq hgd dkvnatkynq* wbkab {`~ bhyn kqq~nd i`v {`~v abhggnj tbht wn ~von* qb`~jd fn lhdn
}~fjka `g {`~v wnfqktn' [`~ lh{ whgt t` bhyn h j``e ht tbn a`dn `i a`gd~at o~kdnjkgnq `i tbn
Q`aknt{ `i ]v`inqqk`ghj C`~vghjkqtq* t` a`gq~jt wbkjn dvhitkgo {`~v o~kdnjkgnq3
btt}3www'q}c'`vontbkaqa`dn'hq}' Hjq`* wn w`~jd jken t` lngtk`g bnvn tbht kg Lq' Lh{h
Ebhg/q tnhl wbkab kq fnkgo tnvlkghtnd kgg`angt }n`}jn qb`~jd g`t fn hrnd* hgd }v`tnatk`g
i`v tb`qn j`wnv vhgekgo w`venvq* wb` bhd g` qh{ kg wbht Lq' Lh{h whq d`kgo qb`~jd d~j{ fn
theng ahvn ̀ i hgd qb`~jd g`t fn }nghjksnd ̀ v tnvlkghtnd' _n wkjj q~}}`vt {`~ kg thekgo tbn
qtn} t` lhen dkvnatkynq hgd a`dn `i ntbkaq hgd a`gd~at o~kdnjkgnq lhdn }~fjka' Hq h aktksng
lndkh a`gq~lnv ov`~}* w`~jd }v`l`tn hgd q}vnhd tbnqn kl}v`ynlngtq kg ̀ tbnv abhggnjq ̀ gn
f{ ̀ gn hq tbnvn bhd fnng g~lnv`~q nrhl}jnq wbkab dnqnvyn qklkjhv httngtk`g hgd a`vvnatk`g
hgd kt kq ajnhv tbht ijhw bhq fnng ht }`jka{ dnqkog jnynj' H ov`~} `i ~q w`~jd fn bh}}{ t` lnnt
{`~ hgd`v hg{`gn {`~ dnqkoghtn t` kgktkhtn h dkqa~qqk`g `g tbkq ki {`~ dnqkvn'
_n j``e i`vwhvd t` qnnkgo tbn dkvnatkynq `g {`~v wnfqktn t` qbhvn wktb tbn }~fjka'
Qkganvnj{*
Hjj Qkoght`vknq
8/3/2019 CFRM Release
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Hggnr~vn 9
^VJ i`v tbkq }hvtka~jhv }`qt
"btt}3www'ihanf``e'a`lA4IVL}`qtq8??;1989618642; +
Tnrt `i ]`qt3
T~nqdh{* Chg 18* 6=86 ht 9368 ]L
QBHL@@G HFFHQK K ]NVQ@GHJJ[ HOVNN HGD Q^]]@VT TBN KDNH @I DKQA@^VHOKGO TBNQN EKGD @I
QB@_Q ''k t whq h lkqthen qkogkgo q~ab qb`w hgd k bhyn fnng fvknind q`ltbkgo njqn hgd tbn qt`vknq wnvn
g`t thekgo }jhan kg l{ }vnqngan k whq `gj{ fv`~obt t` tbn jhqt qangn t` okyn l{ ynvdkatq tbht ijhvnd tbkq
wb`jn qkt~htk`g (
8/3/2019 CFRM Release
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Hggnr~vn 9
@~v Vn}j{ t` Qbhl``g "lh{ fn yknwnd `g tbn }`qt hgd `g bkq whjj+3
@g tbn }`qt
T~nqdh{* Chg 18* 6=86 ht ?388 ]L
"btt}3www'ihanf``e'a`lA4IVL}`qtq8??;1989618642;+
@g bkq whjj
T~nqdh{* Chg 18* 6=86 ht ?384 ]L
"btt}3www'ihanf``e'a`l}nvlhjkge'}b}0qt`v{Pifkd<8=8>=4;266;21>;2;)kd<6619==8>;22+
Dnhv Qbhl``g*
Tbhge {`~ i`v bhykgo tbn l`vhj a`~vhon t` then q~ab h qtn}'
_n bkobj{ h}}vnakhtn {`~v }v`hatkyn vnq}`gqn , wn `~vqnjynq wnvn h}}hjjnd ht q~ab h qb`w thekgo }jhan'
[`~v }nvq`g whq gnynv kgtngdnd hq tbn thvont `i hg{ ahl}hkog f~t kgqtnhd tbn fv`hdnv ivhlnw`ve `v
a`gan}t `i tbht qb`w whq' Tbn ntbkaq `i lkqvn}vnqngtkgo vnnghatlngtq hq vnhjkt{ tnjnykqk`g whq tv~j{ kg
x~nqtk`g' Tbn fv`hdnv vn}nva~qqk`gq tbht a`~jd bhyn vnq~jtnd iv`l q~ab h }v`ovhl fnkgo hkvnd wnvn h
lhttnv `i lhc`v a`ganvg'
Q~ab dnl`gqtvhtk`g `i vnq}`gqkfjn fnbhyk`v kq bnhvtngkgo'
[`~ t`` bhyn }jh{nd h }hvt kg ngq~vkgo tbht lndkh vnlhkg ivnn hgd vnq}`gqkfjn kg ]hekqthg'
Tbhge {`~*
Aktksngq i`v Ivnn hgd Vnq}`gqkfjn Lndkh ]hekqthg
Dnavnhqkgo tbn Q`akhj A`qt `i Qkjngan