Social Impact BondPayment by Results
20130925HORBAL Inc.
Payment by ResultsPayment by Results(PbR)
Social impact BondSocial Impact Bond(SIB)SIB
PAYMENT BY RESULTS
Payment by Results(PbR)
NHS
PbR
18123 3
3400-600 (500)1,000-3,500 (2,250)42,200-9,600 (5,900/4)
(20116)13.111613%
(1,000-3,500 )2,2502.97425
143.16UFJ2013331(TTM)
2011660.41/4
2,200-9,6005,90036511
SOCIAL IMPACT BOND
Social Impact Bond(SIB)
PbROutcome
Outcome
SIB-PbR SIB
PbRPbR
PbR
SIB
Payment by result
Social Impact bond
SIB
SIB-~~
SIB-
1
2
3
4
x