Appendix 1 a Market Reform-slip Structure

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    Lheptdr ESSDOBJX 5

    E GEVKDR VDIMVG\NJS \RVTLRTVD

    EGEVKDRVDIMVG\NJS \RVTLRTVD

    Ijdnbs njkdny tm fd jo thd lmrd GV \njp erd shmwo jo fmnb.

    TGV Rhd uojqud gerkdt rdidrdold.

    RZSD Rhd oeturd mi thd rjsk.

    IMVG Rhd OGE rdidrdold mr mthdr jbdotjijletjmo mi thd pmnjly aelkdt. Rhd

    wmrbjo` mr lneusds shmunb omt fd shmwo hdrd, thdsd shmunb fd

    jolnubdb jo thd Lmobjtjmos hdebjo`.

    JO\TVDB/VDJO\TVDB Rhd (Vd)josurdbs oegd, ebbrdss eob/mr fusjodss es eppnjlefnd.

    SDVJMB Sdrjmb mi rjsk, jolnubjo` rdidrdold tm tjgd eob tjgd zmod, fbj (fmth

    beys jolnusjvd) js elldptefnd whdrd epprmprjetd fut tjgd zmod gust

    fd shmwo.

    JORDVD\R Jotdrdst mr sufadlt gettdr josurdb mr oeturd mi njefjnjty.

    \TG JO\TVDB \ug josurdb mr rdjosurdb mr jobdgojty mr gmodtery njgjts.

    MVBDV HDVDMO 533% mi 533%

    \JRTERJMO \jtuetjmo, tdrrjtmrjen njgjts mr nmletjmo.

    LMOBJRJMO\ Jbdotjijletjmo, quenjijletjmo mr verjetjmo jo pdrjns jolnubjo` thd

    wmrbjo`, lneusds, lmobjtjmos eob egdobgdots tm eoy lneusds jo

    fesjl imrg. Enn steoberb wmrbjo`s eob lneusds shmunb fd lnderny

    jbdotjijdb fy oegd eob rdidrdold. Eoy omo-steoberb wmrbjo` mr

    lneusds shmunb fd rdidrrdb tm hdrd eob ettelhdb tm thd snjp. Ji thdrd

    erd om Lmobjtjmos, ijdnb oddb omt fd shmwo.

    DXSVD\\ PEVVEORJD\ Eoy dxprdss werreotjds thet eppny tm thd lmotrelt (jo ebbjtjmo tm

    thmsd thet erd spdljijdb jo thd wmrbjo` ji enrdeby jobjletdb),

    jolnubjo` whdo spdljijdb thd pdoentjds imr omo-lmgpnjeold. Ji thdrderd om dxprdss werreotjds thjs hdebjo` wmunb omt fd jolnubdb.

    LMOBJRJMO\ SVDLDBDOR Bdtejns mi eoy lmobjtjmos prdldbdot thet eppny tm thd lmotrelt (jo

    ebbjtjmo tm thmsd thet erd spdljijdb jo thd wmrbjo` ji enrdeby

    jobjletdb), jolnubjo` whdo spdljijdb thd lmosdqudolds mi

    omo-lmgpnjeold. Ji thdrd erd om lmobjtjmos prdldbdot thjs hdebjo`

    wmunb omt fd jolnubdb.

    \TFADLRJYJRJD\ Imr sufadltjvjtjds thet bm omt hevd spdljijl hmgds.

    \DYDVEN NJEFJNJRZ Rhd sdvdren njefjnjty lneusd thet eppnjds, eob thd tdxt mi thd lneusd

    (N\P 5335).

    LHMJLD MI NEP & ATVJ\BJLRJMO Rhd lmurt thet wjnn hevd aurjsbjltjmo jo thd dvdot mi e bjsputd

    fdtwddo (Vd)josurdb eob (Vd)josurdrs eob thd new thet wjnn eppny.

    SVDGJTG Rhd Srdgjug tm fd pejb fy thd Josurdb.

    SEZGDOR RDVG\ Rhd spdljijl Srdgjug Seygdot Rdrgs eppnjdb tm thd lmotrelt fy

    thd \njp Ndebdr, jolnubjo` Srdgjug Seygdot Lneusds, Perreotjds

    eob Lmobjtjmos.

    IDD SEZEFND FZ LNJDOR Zds/Om.

    RMREN FVMKDVE@D Rhd frmkdre`d ennmweold.

    MRHDV BDBTLRJMO\ IVMG SVDGJTG d.`. Lmggjssjmo.

    REXD\ SEZEFND FZ JO\TVDB EOB EBGJOJ\RDVDB FZ

    TOBDVPVJRDV\

    Eoy prdgjug texds eob lher`ds peyefnd fy thd Josurdb jo ebbjtjmo

    tm thd prdgjug stetdb efmvd, whjlh erd lmnndltdb eob/mr

    E @TJBD RM VDJO\TVEOLD NEP - 5st Dbjtjmo, 6330

    ESSDOBJX 5 E GEVKDR VDIMVG\NJS \RVTLRTVD

    Vmfdrt Gdrkjo

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    ebgjojstdrdb fy uobdrwrjtdrs, d.`. TKJSR. Eoy prdgjug texds eob

    lher`ds peyefnd fy uobdrwrjtdrs shmunb fd shmwo jo thd Ijslen &

    Vd`unetmry sdltjmo.

    VDLMVBJO@, RVEO\GJRRJO@ & \RMVJO@ JOIMVGERJMO Bdtejns mi prmldburds imr stmre d mi bete, bmlugdots eob mthdr

    joimrgetjmo. Rhjs hdebjo` js mptjmoen.

    \J@OJO@ SVMYJ\JMO\ Rhdsd gust fd shmwo. Gmbdn wmrbs hevd fddo prmvjbdb.

    \TF\LVJSRJMO E@VDDGDOR

    OF1 Nest \dltjmos erd vdry gulh tm bm wjth Nmobmo Gerkdt

    systdgs.

    \NJS NDEBDV \tetd whm js thd \njp Ndebdr.

    \DRRNDGDOR BTD BERD Rm fd dotdrdb es epprmprjetd.

    FE\J\ MI PVJRRDO NJOD\ Rm fd dotdrdb es epprmprjetd.

    MRHDV E@VDDGDOR SEVRJD\ IMV LMORVELR LHEO@D\,

    JI EOZ

    \tetd thmsd uobdrwrjtdrs, mthdr theo thd \njp Ndebdr, whm wjnn e`rdd

    lmotrelt lheo`ds mo fdheni mi thd sufslrjfjo` uobdrwrjtdrs jo

    ellmrbeold wjth thd tdrgs e`rddb fdnmw uobdr thd @TE. Rhjs

    shmunb omt jolnubd thmsd uobdrwrjtdrs whm wjsh tm e`rdd lmotrelt

    lheo`ds mo thdjr mwo fdheni. OF1 Lerd shmunb fd tekdo tm evmjb

    lmoinjlt wjth lurrdot ndebjo` uobdrwrjtdr e`rddgdots. Rhjs ijdnb

    shmunb mony fd shmwo whdrd thdrd js e @TE gdotjmodb jo thd odxt

    ijdnb.

    FE\J\ MI E@VDDGDOR RM LMORVELR \pdljiy eoy ndebjo` uobdrwrjtdr e rddgdot thet eppnjds, d. . OGE,

    NTEGL, @TE eob eppnjlefnd lness mi fusjodss slhdbund(s) dtl.

    LHEO@D\ Rm jolnubd thd gdthmb mi ebvjsjo` e`rddb dobmrsdgdots tm thd

    imnnmwjo` gerkdt d.`. usd mi dgejn eob/mr elldss tm rdpmsjtmrjds.

    BMLTGDOR SVMBTLRJMO Rhd typd mi josurjo` bmlugdotetjmo tm fd prmbuldb, whm prmbulds

    jt, whm e`rdds jt eob eoy pertjluner rdqujrdgdots, d.`. spdljijl

    neo`ue`d.

    LNEJG\ E@VDDGDOR SEVRJD\ Jbdotjty mi thd lnejgs e`rddgdot pertjds, d.`. \njp Ndebdr, pnus thd

    ijrst JTE lmgpeoy eob NLM.FE\J\ MI LNEJG\ E@VDDGDOR \pdljiy thd fesjs mi thd lnejgs prmldburd sulh es thd Nnmybs 6339

    lnejgs slhdgd jolnubjo` thd pertjds imr thd e`rddgdot mi lnejgs

    eob/mr JTE lnejgs e`rddgdot preltjlds.

    LNEJG\ EBGJOJ\RVERJMO Enn lnejgs rdnetdb joimrgetjmo wjth thd dxldptjmo mi jbdotjijletjmo

    mi e`rddgdot pertjds eob thd fesjs mi lnejgs e`rddgdot shmunb fd

    jolnubdb hdrd. Lnerjijletjmo js rdqujrdb es tm whjlh uobdrwrjtdrs

    wjnn usd LNE\\ eob thd usd mi dgejn eob/mr elldss tm rdpmsjtmrjds.

    VTND\ EOB DXRDOR MI EOZ MRHDV BDND@ERDB

    ETRHMVJRZ

    Ji eoy mi thd lnejgs e`rddgdot pertjds spdljijdb efmvd hevd

    bdnd`etdb thdjr lnejgs prmldssjo` eob e`rddgdot tm eoy mthdr perty

    thjs shmunb fd spdljijdb hdrd jolnubjo` eoy njgjts thet gey eppny,

    d.`. enn lnejgs ndss theo @FS xxxx.

    DXSDVR(\) IDD\ Rhd perty(jds) rdspmosjfnd imr thd lmnndltjmo mi dxpdrts idds. Rhdrd

    erd dj`ht mptjmos evejnefnd uobdr thd dxpdrts idds lmnndltjmo

    erreo`dgdots. Mod mi thdsd mptjmos GT\R fd usdb.

    FTVDETX EVVEO@DGDOR\ Eoy spdljijl erreo`dgdots rdnetjo` tm thd furdeux jolnubjo`

    ebgjojstretjvd erreo`dgdots imr prdgjug sdttndgdot, bdnjokdb

    ellmuotjo`, eob pmnjly sj`ojo` mr fesjs mi pmnjly e`rddgdot lneusds.

    JOIMVGERJMO

    Bdtejns mi eoy joimrgetjmo prmvjbdb tm uobdrwrjtdrs tm suppmrt thd

    essdssgdot mi thd rjsk et thd tjgd mi pneldgdot. Phdrd thd

    E @TJBD RM VDJO\TVEOLD NEP - 5st Dbjtjmo, 6330

    ESSDOBJX 5 E GEVKDR VDIMVG\NJS \RVTLRTVD

    Vmfdrt Gdrkjo

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    joimrgetjmo js epprmprjetd imr jolnusjmo jo thd snjp jt shmunb fd

    shmwo hdrd. Phdrd thd sjzd mr imrget mi thd joimrgetjmo js omt

    sujtefnd imr jolnusjmo thd nmletjmo mi thd joimrgetjmo shmunb fd

    lnderny rdidrdoldb irmg thjs sdltjmo fut shmunb fd gebd evejnefnd tm

    enn uobdrwrjtdrs burjo` pneljo`.

    IJ\LEN EOB VD@TNERMVZ

    REX SEZEFND FZ TOBDVPVJRDV(\) Eoy prdgjug texds eob lher ds peyefnd fy uobdrwrjtdrs irmg thd

    prdgjug pejb tm thdg d.`. T\ Idbdren Dxljsd Rex. Eoy prdgjug

    texds eob lher`ds peyefnd fy thd Josurdb jo ebbjtjmo tm thd prdgjug

    whjlh erd lmnndltdb mr ebgjojstdrdb fy uobdrwrjtdrs shmunb fd

    shmwo jo thd Rexds Seyefnd fy Josurdb hdebjo` mi thd Vjsk Bdtejns.

    LMTORVZ MI MVJ@JO Rm fd dotdrdb es epprmprjetd.

    T\ LNE\\JIJLERJMO Rm fd dotdrdb es epprmprjetd.

    OEJL LMBD\ Rm fd jolnubdb whdo eppnjlefnd.

    ENNMLERJMO MI SVDGJTG RM LMBJO@ Eoy ennmletjmo mi prdgjug whdrd guntjpnd rjsk lmbds dxjst.

    I\E LNJDOR LNE\\JIJLERJMO Rm fd dotdrdb es epprmprjetd.

    E @TJBD RM VDJO\TVEOLD NEP - 5st Dbjtjmo, 6330

    ESSDOBJX 5 E GEVKDR VDIMVG\NJS \RVTLRTVD

    Vmfdrt Gdrkjo