How to write a corporate credit card policy (with template and best practices)

k9bmw@H E@ HC:E6 2 4@CA@C2E6 4C65:E 42C5 A@=:4J WH:E9 E6>A=2E6 2?5 36DE AC24E:46DXk^9bm

kAmpD >@C6 k2 9C67lQ9EEADi^^C2>A]4@>^3=@8^3FD:?6DD\4C65:E\42C5D\7@C\6>A=@J66DQm6>A=@J66D 368:? FD:?8 4@>A2?J 42C5Dk^2m[ 6G6? >:?@C A@=:4J 82AD 42? BF:4<=J 6D42=2E6 :?E@ =2C86C :DDF6D[ DF49 2D >:DD:?8 C646:AED @C F?4=62C DA6?5:?8 8F:56=:?6D] p 4@CA@C2E6 4C65:E 42C5 A@=:4J 96=AD 4=@D6 E9@D6 82AD 3J D6EE:?8 4=62C 6IA64E2E:@?D 2C@F?5 9@H 42C5D 2C6 :DDF65[ FD65[ 2?5 >@?:E@C65]k^Am

kAm(96E96C J@FVC6 FD:?8 =6824J 4@CA@C2E6 42C5D @C >@56C? DA6?5 >2?286>6?E A=2E7@C>D[ 4=62C A@=:4:6D 6?DFC6 6G6CJ@?6 F?56CDE2?5D E96 CF=6D] k2 9C67lQ9EEADi^^C2>A]4@>^G:CEF2=\42C5DQm#2>Ak^2m @776CD DF886DE:@?D @? 4C62E:?8 2?5 :>A=6>6?E:?8 2 4@CA@C2E6 4C65:E 42C5 A@=:4J]k^Am

k9bm(92E :D 2 4@CA@C2E6 4C65:E 42C5 A@=:4Jnk^9bm

kAmp 4@CA@C2E6 42C5 A@=:4J :D 2 D6E @7 8F:56=:?6D E92E 8@G6C?D 6>A=@J66 FD6 @7 4@>A2?J\:DDF65 4C65:E 42C5D] xE 2:>D E@ 4@?EC@= 6>A=@J66 DA6?5:?8 3J 567:?:?8 H92E :D 2?5 :D?VE 2? 2FE9@C:K65 6IA6?D6]k^Am

kAm%96 8@2= @7 4C65:E 42C5 A@=:4:6D :D E@ DE2?52C5:K6 DA6?5:?8 24C@DD E96 @C82?:K2E:@? H9:=6 AC@E64E:?8 4@>A2?J 7F?5D] u@C 7:?2?46[ w#[ 2?5 @AD E62>D[ E9:D A@=:4J 24ED 2D 2 4@?EC@= DJDE6>] xE 96=AD C65F46 A@=:4J G:@=2E:@?D[ 6?7@C46D 244@F?E23:=:EJ[ 2?5 6?DFC6D 72DE6C >@?E9\6?5 C64@?4:=:2E:@?] (:E9@FE :E[ k2 9C67lQ9EEADi^^C2>A]4@>^3=@8^4@CA@C2E6\4C65:E\42C5\AC@8C2>Qm42C5 AC@8C2>Dk^2m @7E6? 7246 :?4@?D:DE6?E FD286[ =@DE C646:AED[ 2?5 2AAC@G2= 56=2JD]k^Am

kAmr@>A2?:6D H:E9@FE 7@C>2= A@=:4:6D 7246 9:896C C:D<D] %96 pDD@4:2E:@? @7 r6CE:7:65 uC2F5 tI2>:?6CD C6A@CED E92E 3FD:?6DD6D =@D6 2? 2G6C286 @7 S`d_[___ 2??F2==J E@ 6>A=@J66 6IA6?D6 7C2F5[ >F49 @7 :E =:?<65 E@ G28F6 @C >:DD:?8 42C5 A@=:4:6D] p 4=62C[ H6==\4@>>F?:42E65 A@=:4J 96=AD 4=@D6 E9@D6 82AD 3J 567:?:?8 6IA64E2E:@?D FA7C@?E D@ J@FC E62> <?@HD 9@H E@ DA6?5 2?5 J@F <?@H H92E E@ EC24<]k^Am

k9bmt>A=@J66 4C65:E 42C5 28C66>6?ED GD] 4@CA@C2E6 4C65:E 42C5 A@=:4:6Dk^9bm

kAm%96 3:886DE 5:776C6?46 36EH66? 2 4@CA@C2E6 4C65:E 42C5 A@=:4J 2?5 2? k2 9C67lQ9EEADi^^C2>A]4@>^3=@8^9@H\E@\4C62E6\2?\6>A=@J66\4C65:E\42C5\28C66>6?EQm6>A=@J66 4C65:E 42C5 28C66>6?Ek^2m 4@>6D 5@H? E@ D4@A6] p A@=:4J 2AA=:6D E@ J@FC 6?E:C6 @C82?:K2E:@?] xE D6ED E96 CF=6D 7@C 9@H 42C5D D9@F=5 36 FD65 24C@DD E62>D] p? 28C66>6?E 2AA=:6D E@ E96 :?5:G:5F2=] xE 4@?7:C>D E92E 6249 6>A=@J66 F?56CDE2?5D E9@D6 CF=6D 2?5 28C66D E@ 7@==@H E96>]k^Am

k7:8FC6mk:>8 DC4lQ9EEADi^^:>286D]DE24<6C]4@>^H^`ag_^:>286D^DE@C:6D^a_ad^_e^af^C2>A\4@CA@C2E6\4C65:E\42C5\A@=:4J\`]A?8Q 2=ElQ%23=6 =:DE:?8 E96 4@CA@C2E6 4C65:E 42C5 A@=:4:6D 2?5 E96:C 6>A=@J66 4C65:E 42C5 28C66>6?E]Q DEJ=6lQH:5E9i `__TQ ^mk7:842AE:@?m#2>Ak^7:842AE:@?mk^7:8FC6m

k9bmk3C ^mw@H E@ 4C62E6 2? 67764E:G6 4@CA@C2E6 4C65:E 42C5 A@=:4Jk^9bm

kAmr@CA@C2E6 4C65:E 42C5 A@=:4:6D 2C6 EJA:42==J HC:EE6? 3J 7:?2?46 E62>D H:E9 :?AFE 7C@> w#[ @A6C2E:@?D[ 2?5 56A2CE>6?E 9625D] $:?46 E96 A@=:4J 27764ED 9@H 6>A=@J66D 24C@DD E96 4@>A2?J DA6?5[ :E H@C<D 36DE H96? <6J DE2<69@=56CD 96=A D92A6 :E]k^Am

kF=mk=:mkDEC@?8m$E6A `k^DEC@?8mi s67:?6 H9@ :D 6=:8:3=6 7@C 2 42C5] $E2CE 3J D6EE:?8 4C:E6C:2 7@C H9@ 42? C646:G6 2 4@>A2?J 4C65:E 42C5] *@F >:89E :DDF6 42C5D E@ >2?286CD[ E62> =625D[ @C 6>A=@J66D H9@ EC2G6= @C >2?286 G6?5@C A2J>6?ED] t=:8:3:=:EJ D9@F=5 C67=64E 3FD:?6DD ?665D 2?5 =:>:E C:D<]k^=:mk=:mkDEC@?8m$E6A ak^DEC@?8mi {:DE 2AAC@G65 2?5 C6DEC:4E65 6IA6?D6D] |2<6 :E 4=62C H92E 6>A=@J66D 42? 492C86 E@ E96 42C5] pAAC@G65 k2 9C67lQ9EEADi^^C2>A]4@>^3=@8^H92E\:D\2?\6IA6?D6\C6A@CEQm6IA6?D6 C6A@CEDk^2m >:89E :?4=F56 7=:89ED[ 9@E6=D[ 4=:6?E >62=D[ D@7EH2C6 DF3D4C:AE:@?D[ @C @77:46 DFAA=:6D] yFDE 2D :>A@CE2?E :D H92E’D ?@E 2==@H65[ DF49 2D 2=4@9@=[ A6CD@?2= AFC492D6D[ @C 42D9 25G2?46D] s67:?:?8 E96D6 42E68@C:6D FA7C@?E C65F46D @FE\@7\A@=:4J 492C86D 2?5 D2G6D E:>6 5FC:?8 C6G:6HD]k^=:mk=:mkDEC@?8m$E6A bk^DEC@?8mi $6E DA6?5:?8 =:>:ED 2?5 42E68@CJ 4@?EC@=D] pDD:8? =:>:ED 32D65 @? C@=6[ E62>[ @C AC@;64E] u@C 6I2>A=6[ 2 7:6=5 >2?286C >2J ?665 2 9:896C =:>:E E92? 2 ?6H 9:C6] *@F 42? 2=D@ C6DEC:4E DA6?5:?8 3J 42E68@CJ]k^=:mk=:mkDEC@?8m$E6A ck^DEC@?8mi tDE23=:D9 C646:AE 2?5 5@4F>6?E2E:@? CF=6D] $A64:7J H96? C646:AED 2C6 C6BF:C65[ 9@H E96J D9@F=5 36 DF3>:EE65[ 2?5 H92E 56E2:=D 2C6 ?66565] *@F >:89E C6BF:C6 C646:AED 7@C 2== AFC492D6D @G6C Sad @C >2?52E6 FA=@25D H:E9:? 7:G6 3FD:?6DD 52JD] r=62C 5@4F>6?E2E:@? CF=6D 96=A DA665 FA E96 >@?E9\6?5 4=@D6 2?5 C65F46 E96 492?46 @7 >:DD:?8 @C >:D>2E4965 6IA6?D6D]k^=:mk=:mkDEC@?8m$E6A dk^DEC@?8mi ~FE=:?6 E96 2AAC@G2= 2?5 C6G:6H AC@46DD] s67:?6 9@H 42C5 EC2?D24E:@?D H:== 36 C6G:6H65] s64:56 H9@ 2AAC@G6D 6IA6?D6D[ 9@H @7E6? C6G:6HD @44FC[ 2?5 H92E 92AA6?D H96? 2 492C86 =@@<D DFDA:4:@FD]k^=:mk=:mkDEC@?8m$E6A ek^DEC@?8mi p55C6DD k2 9C67lQ9EEADi^^C2>A]4@>^3=@8^6>A=@J66\FD6D\4@>A2?J\4C65:E\42C5\7@C\A6CD@?2=\FD6Qm4@?D6BF6?46D 7@C >:DFD6k^2m @C ?@?4@>A=:2?46] tIA=2:? H92E 92AA6?D H96? 6>A=@J66D 5@ ?@E 7@==@H E96 A@=:4J] %9:D 4@F=5 :?4=F56 HC:EE6? H2C?:?8D[ C6A2J>6?E @7 A6CD@?2= 6IA6?D6D[ @C 42C5 DFDA6?D:@?] p55:?8 E9:D D64E:@? C6:?7@C46D E96 :>A@CE2?46 @7 4@>A=:2?46 2?5 8:G6D >2?286CD 2 4=62C AC@46DD E@ 7@==@H :7 >:DFD6 @44FCD]k^=:mk=:mkDEC@?8m$E6A fk^DEC@?8mi #6BF:C6 6>A=@J66 28C66>6?E 2?5 @?3@2C5:?8] ~?46 E96 A@=:4J :D HC:EE6?[ 4C62E6 2 D6A2C2E6 28C66>6?E 7@C 6>A=@J66D E@ D:8? 367@C6 E96J C646:G6 2 42C5] %9:D 5@4F>6?E 4@?7:C>D E92E E96 42C59@=56C F?56CDE2?5D E96 CF=6D 2?5 28C66D E@ 7@==@H E96>]k^=:mk=:mkDEC@?8m$E6A gk^DEC@?8mi #6G:6H 2?5 FA52E6 E96 A@=:4J C68F=2C=J] *@FC 4@>A2?J’D ?665D H:== 6G@=G6[ 2?5 D@ D9@F=5 J@FC A@=:4J] $4965F=6 2 C6G:6H 6G6CJ D:I E@ `a >@?E9D @C H96?6G6C J@FC E62> DECF4EFC6[ G6?5@CD[ @C DA6?5:?8 A2EE6C?D 492?86] $92C6 FA52E6D H:E9 2== 42C59@=56CD E@ 6?DFC6 4@?E:?F65 4=2C:EJ 2?5 4@>A=:2?46]k^=:mk^F=m

k9bmr@CA@C2E6 4C65:E 42C5 A@=:4J E6>A=2E6k^9bm

kAm*@F 42? FD6 E9:D E6>A=2E6 2D 2 DE2CE:?8 A@:?E 7@C J@FC A@=:4J]k^Am

k9bm,r@>A2?J }2>6. r@CA@C2E6 rC65:E r2C5 !@=:4Jk^9bm

kAmt7764E:G6 s2E6i ,||^ss^****.k^Am

kAm~H?6Ci ,u:?2?46^~A6C2E:@?D^w# r@?E24E }2>6 Z t>2:=.k^Am

kAm{2DE #6G:6H65i ,||^ss^****.k^Am

kAm}6IE #6G:6H sF6i ,||^ss^****.k^Am

kAmkDEC@?8m`] !FCA@D6k^DEC@?8mk^Am

kAm%9:D A@=:4J D6ED E96 CF=6D 7@C 9@H 6>A=@J66D >2J FD6 4@>A2?J\:DDF65 4C65:E 42C5D] xE 6?DFC6D C6DA@?D:3=6 DA6?5:?8[ C65F46D C:D<[ 2?5 D:>A=:7:6D 6IA6?D6 EC24<:?8 24C@DD E96 4@>A2?J]k^Am

kAmkDEC@?8ma] t=:8:3:=:EJk^DEC@?8mk^Am

kAm(6 :DDF6 42C5D E@ 7F==\E:>6 6>A=@J66D H9@ik^Am

kF=mk=:m#68F=2C=J :?4FC H@C<\C6=2E65 6IA6?D6Dk^=:mk=:m|2?286 G6?5@C @C DFAA=:6C A2J>6?EDk^=:mk=:m{625 AC@;64ED @C E62>D H:E9 AFC492D:?8 C6DA@?D:3:=:E:6Dk^=:mk^F=m

kAmp== 42C5 C6BF6DED >FDE 36 2AAC@G65 3J E96 6>A=@J66VD 56A2CE>6?E =625 2?5 C6G:6H65 3J u:?2?46]k^Am

kAmkDEC@?8mb] pAAC@G65 tIA6?D6Dk^DEC@?8mk^Am

kAmr2C59@=56CD >2J FD6 4@>A2?J 42C5D 7@Cik^Am

kF=mk=:mp:C72C6[ =@58:?8[ 2?5 =@42= EC2?DA@CE 7@C 3FD:?6DD EC2G6=k^=:mk=:m|62=D 5FC:?8 4=:6?E >66E:?8D @C EC2G6=k^=:mk=:m$@7EH2C6 DF3D4C:AE:@?D 2?5 @?=:?6 E@@=Dk^=:mk=:m~77:46 6BF:A>6?E @C DFAA=:6Dk^=:mk=:mr@?76C6?46 @C EC2:?:?8 766Dk^=:mk^F=m

kAmkDEC@?8mc] !C@9:3:E65 tIA6?D6Dk^DEC@?8mk^Am

kAm%96 7@==@H:?8 2C6 ?@E 2==@H65 @? 2 4@>A2?J 42C5ik^Am

kF=mk=:m!6CD@?2= AFC492D6D @7 2?J <:?5k^=:mk=:mp=4@9@=[ E@3244@[ @C C64C62E:@?2= 6?E6CE2:?>6?Ek^=:mk=:mu2>:=J EC2G6= @C 255\@? D6CG:46Dk^=:mk=:mr2D9 25G2?46D @C 8:7E 42C5Dk^=:mk=:m{2E6 766D @C @G6C5C27E 492C86Dk^=:mk^F=m

kAmtI46AE:@?D C6BF:C6 HC:EE6? AC6\2AAC@G2= 7C@> u:?2?46]k^Am

kAmkDEC@?8md] $A6?5:?8 {:>:EDk^DEC@?8mk^Am

kAmr2C5 =:>:ED 2C6 2DD:8?65 32D65 @? C@=6 2?5 56A2CE>6?E]k^Am

kF=mk=:ms672F=E >@?E9=J =:>:Ei ,S`[___ ^ Sd[___ ^ 4FDE@> 2>@F?E.k^=:mk=:ms6A2CE>6?E 9625D >2J C6BF6DE E6>A@C2CJ :?4C62D6D H:E9 u:?2?46 2AAC@G2=k^=:mk=:mr2E68@CJ\DA64:7:4 =:>:ED W6]8][ EC2G6=[ >62=DX >2J 2AA=Jk^=:mk=:m{:>:ED 2C6 C6G:6H65 BF2CE6C=J]k^=:mk^F=m

kAmkDEC@?8me] #646:AE 2?5 s@4F>6?E2E:@? #6BF:C6>6?EDk^DEC@?8mk^Am

kF=mk=:m#646:AED >FDE 36 DF3>:EE65 7@C 2== 6IA6?D6D @G6C Sadk^=:mk=:m#646:AED D9@F=5 36 FA=@2565 E@ ,tIA6?D6 !=2E7@C>. H:E9:? 7:G6 3FD:?6DD 52JDk^=:mk=:m|:DD:?8 @C F?4=62C 5@4F>6?E2E:@? >2J C6DF=E :? C6:>3FCD6>6?E C6BF6DED @C 42C5 DFDA6?D:@?k^=:mk=:m#646:AED >FDE :?4=F56 E96 >6C492?E ?2>6[ 52E6[ :E6>:K65 2>@F?E[ 2?5 A2J>6?E >6E9@5k^=:mk^F=m

kAmkDEC@?8mf] pAAC@G2= !C@46DDk^DEC@?8mk^Am

kF=mk=:mp== 6IA6?D6D 2C6 C6G:6H65 H66<=J 3J 56A2CE>6?E =625D]k^=:mk=:m~FE\@7\A@=:4J 492C86D 2C6 7=28865 2?5 6D42=2E65 E@ u:?2?46]k^=:mk=:ms:DAFE6D @C :DDF6D >FDE 36 C6D@=G65 H:E9:? `_ 3FD:?6DD 52JD]k^=:mk^F=m

kAmkDEC@?8mg] |:DFD6 2?5 ':@=2E:@?Dk^DEC@?8mk^Am

kF=mk=:mu:CDE\E:>6 >:DFD6 H:== C6DF=E :? 2 H2C?:?8 2?5 C6BF:C65 C6:>3FCD6>6?E]k^=:mk=:m#6A62E65 >:DFD6 >2J =625 E@ 42C5 DFDA6?D:@?]k^=:mk=:mx?E6?E:@?2= >:DFD6 @C 7C2F5 H:== C6DF=E :? 5:D4:A=:?2CJ 24E:@?[ :?4=F5:?8 A@DD:3=6 E6C>:?2E:@?]k^=:mk^F=m

kAmkDEC@?8mh] r2C59@=56C p8C66>6?Ek^DEC@?8mk^Am

kAmt249 42C59@=56C >FDE D:8? 2 D6A2C2E6 28C66>6?E 4@?7:C>:?8ik^Am

kF=mk=:m&?56CDE2?5:?8 @7 E9:D A@=:4Jk^=:mk=:mr@>>:E>6?E E@ 7@==@H:?8 FD286 CF=6Dk^=:mk=:m#6DA@?D:3:=:EJ 7@C 244FC2E6 5@4F>6?E2E:@?k^=:mk^F=m

kAmkDEC@?8m`_] !@=:4J |2?286>6?Ek^DEC@?8mk^Am

kAm%9:D A@=:4J :D >2:?E2:?65 3J ,u:?2?46^~A6C2E:@?D.]k^Am

kF=mk=:m(6 4@?5F4E C6G:6HD 6G6CJ D:I >@?E9D]k^=:mk=:m(6 D92C6 FA52E6D G:2 ,:?E6C?2= A@CE2=^6>2:=.]k^=:mk=:m"F6DE:@?D >2J 36 5:C64E65 E@ ,A@=:4J @H?6C 6>2:=.]k^=:mk^F=m

kAmkDEC@?8mp4<?@H=658>6?Ek^DEC@?8mk^Am

kAmx 92G6 C625 2?5 F?56CDE@@5 E96 ,4@>A2?J ?2>6. r@CA@C2E6 rC65:E r2C5 !@=:4J] x 28C66 E@ 7@==@H 2== 8F:56=:?6D DE2E65 23@G6]k^Am

kAmt>A=@J66 ?2>6i 00000000000000000000000000k^Am

kAm$:8?2EFC6i 0000000000000000000000000000000k^Am

kAms2E6i 0000000000000000000k^Am

k9bmq6DE AC24E:46D 7@C 4@CA@C2E6 4C65:E 42C5 A@=:4:6Dk^9bm

kAm%96D6 AC24E:46D 96=A J@F 4C62E6 A@=:4:6D E92E 6>A=@J66D 24EF2==J 7@==@H H9:=6 8:G:?8 J@F E96 4@?EC@= J@F ?665—H96E96C J@FVC6 6?7@C4:?8 E96> >2?F2==J @C E9C@F89 2FE@>2E65 DJDE6>D]k^Am

kAmkDEC@?8mv6E :?AFE 7C@> 7:?2?46[ w#[ 2?5 56A2CE>6?E >2?286CDk^DEC@?8m] %96 >@DE 67764E:G6 A@=:4:6D C67=64E 9@H 5:776C6?E E62>D 24EF2==J @A6C2E6] u:?2?46 F?56CDE2?5D E96 C:D<D[ w# <?@HD 6>A=@J66 6IA64E2E:@?D[ 2?5 56A2CE>6?E =625D <?@H H92E EJA6D @7 DA6?5:?8 2C6 4@>>@?] x?G@=G:?8 2== E9C66 62C=J :? E96 AC@46DD 96=AD J@F 2G@:5 F?C62=:DE:4 =:>:ED @C >:DD65 6586 42D6D]k^Am

kAmkDEC@?8m&D6 4=62C[ 5:C64E =2?8F286 E@ C65F46 4@?7FD:@?k^DEC@?8m] !@=:4:6D HC:EE6? H:E9 4@>A=6I @C =682=:DE:4 =2?8F286 @7E6? 4C62E6 >@C6 BF6DE:@?D E92? 2?DH6CD] z66A J@FC E@?6 4@?D:DE6?E 2?5 62DJ E@ F?56CDE2?5[ 6DA64:2==J H96? =:DE:?8 CF=6D] u@C 6I2>A=6[ :?DE625 @7 HC:E:?8[ “s:D4C6E:@?2CJ A6CD@?2= 6IA6?5:EFC6D 2C6 AC@9:3:E65[” D2J[ “t>A=@J66D 42??@E FD6 E96 42C5 7@C A6CD@?2= AFC492D6D DF49 2D 8C@46C:6D[ 4=@E9:?8[ @C 6?E6CE2:?>6?E]”k^Am

kAmkDEC@?8mq6 DA64:7:4 23@FE 2==@H65 2?5 C6DEC:4E65 6IA6?D6Dk^DEC@?8m] pG@:5 3C@25 E6C>D =:<6 “3FD:?6DD\C6=2E65]” x?DE625[ =:DE 42E68@C:6D @7 6IA6?D6D E92E 2C6 4@?D:56C65 2446AE23=6] p=D@[ DE2E6 H92E :D ?@E 2==@H65[ DF49 2D 8:7E 42C5D[ 2=4@9@=[ @C A6CD@?2= EC2G6=] (96? 6>A=@J66D <?@H 6I24E=J H92E E96J 42? 492C86[ E96J 2C6 =6DD =:<6=J E@ >2<6 6CC@CD]k^Am

kAmkDEC@?8m|2E49 E96 A@=:4J E@ J@FC :?E6C?2= H@C<7=@HDk^DEC@?8m] *@FC A@=:4J D9@F=5 C67=64E 9@H J@FC 3FD:?6DD 24EF2==J 92?5=6D 2AAC@G2=D[ EC24<:?8[ 2?5 C64@?4:=:2E:@?] u@C 6I2>A=6[ :7 >@DE C646:AED 2C6 DF3>:EE65 5:8:E2==J[ 4=2C:7J E96 2446AE23=6 7:=6 EJA6D 2?5 FA=@25 5625=:?6D] x7 J@FC E62> FD6D 56A2CE>6?E\DA64:7:4 3F586ED[ DECF4EFC6 2AAC@G2= CF=6D 244@C5:?8=J]k^Am

kAmkDEC@?8m$6E A6C\FD6C DA6?5:?8 =:>:ED 2?5 42E68@CJ 4@?EC@=Dk^DEC@?8m] pDD:8?:?8 DA6?5 =:>:ED 3J FD6C C@=6 @C AC@;64E 96=AD J@F >2?286 C:D< H:E9@FE >:4C@>2?28:?8 6G6CJ EC2?D24E:@?] *@F 42? 2=D@ 3=@4< 9:89\C:D< 42E68@C:6D 2E E96 42C5 =6G6=] %9:D 8:G6D J@F C62=\E:>6 @G6CD:89E H9:=6 C65F4:?8 >2?F2= H@C<]k^Am

kAmkDEC@?8mx?4=F56 4=62C CF=6D 7@C C646:AE DF3>:DD:@? 2?5 5@4F>6?E2E:@?k^DEC@?8m] $E2E6 H96? 2 C646:AE :D C6BF:C65[ H92E 56E2:=D :E >FDE :?4=F56[ 2?5 9@H :E D9@F=5 36 DF3>:EE65] *@F D9@F=5 2=D@ 567:?6 2 E:>6=:?6[ DF49 2D C6BF:C:?8 FA=@25D H:E9:? 7:G6 3FD:?6DD 52JD]k^Am

kAmkDEC@?8mp55 4@?D6BF6?46D 7@C A@=:4J G:@=2E:@?Dk^DEC@?8m] t>A=@J66D 2C6 >@C6 =:<6=J E@ 7@==@H E96 CF=6D H96? E96J F?56CDE2?5 E96 4@?D6BF6?46D] *@FC A@=:4J D9@F=5 @FE=:?6 H92E 92AA6?D :? 42D6D @7 >:DFD6[ H96E96C E92E >62?D A6CD@?2= C6:>3FCD6>6?E @C 2 7@C>2= H2C?:?8] z66A E9:D D64E:@? 7:C> 3FE 72:C]k^Am

k9bm%C25:E:@?2= GD] 2FE@>2E65 A@=:4J 6?7@C46>6?Ek^9bm

kAm%96 3:886DE 492==6?86 H:E9 4@CA@C2E6 4C65:E 42C5 A@=:4:6D :D?VE HC:E:?8 E96>—:EVD 6?7@C4:?8 E96> 4@?D:DE6?E=J] %C25:E:@?2= 4@CA@C2E6 42C5D C6BF:C6 >2?F2= @G6CD:89E[ 4C62E:?8 H@C< 7@C 7:?2?46 E62>D 2?5 56=2JD :? 42E49:?8 G:@=2E:@?D]k^Am

kAmkDEC@?8m%C25:E:@?2= 42C5 6?7@C46>6?E 492==6?86Dik^DEC@?8mk^Am

kF=mk=:m|2?F2= C6G:6H @7 6G6CJ EC2?D24E:@?k^=:mk=:mr92D:?8 6>A=@J66D 7@C >:DD:?8 C646:AEDk^=:mk=:ms:D4@G6C:?8 A@=:4J G:@=2E:@?D H66<D 27E6C E96J @44FCk^=:mk=:m%:>6\4@?DF>:?8 >@?E9\6?5 C64@?4:=:2E:@?k^=:mk=:m{:>:E65 C62=\E:>6 G:D:3:=:EJ :?E@ DA6?5:?8k^=:mk^F=m

k9bm(9J DEC@?8 42C5 A@=:4:6D >2EE6C 2?5 9@H E@ 6?7@C46 E96>k^9bm

kAmp H6==\56D:8?65 4@CA@C2E6 4C65:E 42C5 A@=:4J 96=AD J@FC 3FD:?6DD D42=6 C6DA@?D:3=J] (96? 6IA64E2E:@?D 2C6 4=62C=J 5@4F>6?E65 2?5 62DJ E@ 7@==@H[ J@F C65F46 A@=:4J G:@=2E:@?D 2?5 DA665 FA C64@?4:=:2E:@?] pD J@FC E62> 8C@HD 2?5 42C5 FD286 6IA2?5D[ E96 C:89E A@=:4J D2G6D 7:?2?46 E:>6[ :>AC@G6D 244@F?E23:=:EJ 24C@DD 56A2CE>6?ED[ 2?5 AC@E64ED J@FC 3@EE@> =:?6]k^Am

kAm%96 <6J 5:776C6?46 =:6D :? 6?7@C46>6?E] %C25:E:@?2= 42C5D C6BF:C6 J@F E@ >@?:E@C 4@>A=:2?46 >2?F2==J[ @7E6? 5:D4@G6C:?8 G:@=2E:@?D H66<D =2E6C] |@56C? A=2E7@C>D EFC? J@FC A@=:4J :?E@ 2FE@>2E65 8F2C5C2:=D E92E AC6G6?E AC@3=6>D 367@C6 E96J @44FC[ AC@G:5:?8 C62=\E:>6 G:D:3:=:EJ :?E@ 2== DA6?5:?8 24E:G:EJ]k^Am

kAm(96E96C J@F 49@@D6 EC25:E:@?2= 42C5D H:E9 >2?F2= @G6CD:89E @C 2FE@>2E65 6?7@C46>6?E[ 92G:?8 2 4=62C A@=:4J :D E96 7@F?52E:@?] %96 5:776C6?46 :D H96E96C J@FVC6 4@?DE2?E=J C624E:?8 E@ A@=:4J G:@=2E:@?D @C AC6G6?E:?8 E96> 6?E:C6=J H:E9 C62=\E:>6 G:D:3:=:EJ 2?5 4@?EC@=]k^Am

kAmk2 9C67lQ9EEADi^^C2>A]4@>^3=@8^f\36DE\AC24E:46D\7@C\2\7@@=AC@@7\4@CA@C2E6\4C65:E\42C5\A@=:4JQmk6>m%9:D DE@CJk^6>mk^2m k6>mH2D AC@5F465 3Jk^6>m k2 9C67lQ9EEADi^^C2>A]4@>Qmk6>m#2>Ak^6>mk^2m k6>m2?5 C6G:6H65 2?5 5:DEC:3FE65 3Jk^6>m k2 9C67lQ9EEADi^^9F3D]=2^"_b<=8$#_Q C6=lQ?@7@==@HQmk6>m$E24<6Ck^6>mk^2m]k^Am