Financial Risk Manager

Ways of Financial and Risk Management

Wedding Invitations

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Wedding are a very celebrated events in the lives of spouses. People go a long way to plan for making the marriage functions go smoothly and remain memorable for all. Wedding invitations are an essential part of any marriage. That is why choosing a best wedding invitation card is vital. In fact, that is what will show many things (including your style and taste) to the recipients of the card.

This has become easy in this age of Internet. Search the net and find a good designer and printer. There are so many online. They display wide range of invitation cards and other stationary. Some of them even allow you to design your own and customize the card. Once you have chosen the required card, order online and you are done. This way you save your time as well as money. What is more, choosing a right wedding invitation card is romantic. No?

posted @ 7:58 PM, ,

World Financing: Two Speed Recovery

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IMF outlooks depict emerging markets surging ahead in the coming years, while advanced economies remain bogged down.
Economies around the world are moving along the road to recovery, but this increasingly appears to be a two-speed route, according to new forecasts from the IMF. Charging down the motorway are emerging and developing markets, which the global lender thinks will grow by an average of 6% this year and 6.3% in 2011. Trundling along the access road are the advanced economies, which will manage expansion of just 2.1% this year and 2.4% in 2011.
This disparity is evident in two IMF updates -- of its World Economic Outlook (WEO) and Global Financial Stability Report (GFSR) -- that were released on January 26th. The documents also highlight dramatically different financial risks around the world. In rich countries the dangers are weak banks and spiralling sovereign debt. By contrast, in emerging markets the main peril is overly strong portfolio inflows, a comparatively nice problem to confront.
Improving Prospects
The global economy, the IMF says in its WEO update, should grow by 4% in 2010 and then by 4.3% in 2011. This is a dramatic turnaround from what it estimates was a world recession in 2009, when output fell by 0.8%. Emerging economies will drive this recovery, with advanced economies rebounding only weakly over the next two years. This is a consequence of the financial crisis that assailed rich countries over the past several years, but had much more limited impacts in most developing economies.
Financial markets are also on the mend, the global lender says in its GFSR update. Markets have enjoyed a recovery as a result of improving economic prospects and "sustained policy support". This has led to a rebound in asset prices and a reduction in risks to financial systems. However, the global lender emphasises that dangers persist from weak banking systems, uncertainty over future macroeconomic policies and imbalances in capital flows.
Low gears, bumpy road
Rich-country economies look set to remain sluggish in the next two years, according to IMF forecasts, with all of them growing at rates well below the global average. Among the major economic powers, the US will expand the most rapidly, by 2.7% this year and 2.4% in 2011 (see chart). The euro area will prove weakest, with GDP growing by just 1% this year and 1.6% in 2011. Japan should perform somewhat better, with growth of 1.7% in 2010 and 2.2% in 2011. Smaller economies such as Canada and those in newly industrialised Asia should come at the top of the growth charts.

Most advanced economies, the IMF points out, continue to grapple with debilitated banks and tight credit conditions. Specific short-term dangers include rising loan losses from exposure to commercial real estate and funding shortfalls when many bank debt issues come due for refinancing in 2011-13. It also warns about the risks of precipitous withdrawals of central bank liquidity facilities and government debt guarantees.
The IMF cautions that some advanced economies may come under threat as a result of their rising levels of sovereign debt. This problem has been most severe so far in Greece, where surging fiscal deficits have driven up outstanding national debt. Other countries appear to have partially lost confidence among investors, as reflected in rising credit default swap spreads (which measure the cost to insure against credit risk on government and other bonds).
Beyond the speed limit?
The situation is dramatically different in the large emerging economies, according to the IMF's forecasts. It reckons that China's output will swell by 10% this year and by 9.7% in 2011 (see chart). India's GDP should expand by 7.7% in 2010 and 7.8% in 2011. After a slight recession in 2009, the IMF thinks that Brazil's economy will grow by 4.7% this year and 3.7% in 2011. Even Mexico and Russia, which suffered sharp downturns in 2009, are forecast to record rapid recoveries in the next two years.

Since their banks came through the credit crunch generally unscathed, emerging markets will not struggle with broken financial sectors. In fact, the great risk is the strength of recent inflows of portfolio investment, according to the GFSR update. This surge in capital was originally driven by the return of investor risk appetites, but by the second quarter of 2009 was sustained by better growth prospects in developing countries.
Nevertheless, the IMF dismisses immediate fears of bubbles, saying that "the rise in asset prices cannot yet be considered excessive and widespread...." It points out that in most emerging markets bank credit to the private sector has yet to recover from the tumble it took in the late 2008. The one exception is China, where state banks have only recently eased off a year-long surge in corporate lending.

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posted @ 11:56 PM, ,

Beds - Place to Get Solace

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Early beds were little more than piles of straw or some other natural material. An important change was raising them off the ground, to avoid draughts, dirt, and pests. The Egyptians had high bedsteads which were ascended by steps, with bolsters or pillows, and curtains to hang round. The elite of Egyptian society such as its pharaohs and queens even had beds made of wood, sometimes gilded. Often there was a head-rest as well, semi-cylindrical and made of stone, wood or metal.

Beds usually consist of a mattress placed on top of a box spring inner-sprung base. The box spring is a large mattress-sized box containing wood and springs that provide additional support and suspension for the mattress.

A "headboard", "side rails", and "footboard" or "front rail" will complete the bed. "Headboard only" beds often incorporate a dust ruffle, bed skirt, or valance sheet to hide the bed frame. For greater head support, most people use a pillow, placed at the top of a mattress in metal beds. Also used is some form of covering blanket to insulate the sleeper, often bed sheets, a quilt, or a duvet. Also, some people prefer to dispense with the box spring and bed frame, and replace it with a platform bed style.

posted @ 12:01 AM, ,

Effectiveness of Search Engine

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Search engine service is an ongoing process, with continuous keyword research, traffic analysis and creating search engine friendly content in your website. The design of your website plays a significantly important role in search engine optimization. Faster loading, always available, simple design websites fair better. Cluttered design, absence of hierarchical arrangement of page elements, poor site navigation, absence of text links, shallow content, URLs with session ids, affect the performance of a website in search engines.

Any body who is connected with internet in any way must visit such search engines like music torrents which has simple and clear interface and much have enough powerful among that help you to get the opportunity to download lots of games, music, films for free in to time without the fear of downloading empty and not complete file.

A web search engine is designed to search for information on the World Wide Web. The search results are usually presented in a list of results and are commonly called hits. The information may consist of web pages, images, information and other types of files. Some search engines also mine data available in databases or open directories. Unlike Web directories, which are maintained by human editors, search engines operate algorithmically or are a mixture of algorithmic and human input.

posted @ 11:34 PM, ,

ICAP - How to Improve Education and Training Programs?

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Tell us how ICAP can improve its education and training programs?
Council has asked the Education & Training Committee (ETCOM) to carry out an in-depth analysis of the Institute’s education and training programs, and suggests improvements in them.
ETCOM is of the view that as a member of the Institute you can provide valuable help and guidance in assessing the quality of our education and training programs and identifying areas for improvement by filling out a web-based survey.
To take the web-based survey, click here
To ensure the broadest range of opinion, I hope you will choose to respond. Past experience indicates it takes an average of 5-10 minutes to complete the web-based survey, depending on your internet connection. All the questions marked by an asterisk must be completed.
If you participate in the survey, your responses will be held in strictest confidence. No identifying links between responses and the individual responding will be retained. Combined data will only be reported.
Time Lines:
This Survey will start on January 26, 2010 and end on February 9th 2010.

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posted @ 1:45 PM, ,

American Banks Announcing Good and Bad News

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From The Economist
American banks declare their latest, mixed, results. The results unveiled this week by America's financial giants were, however, far from uniform.
The differences were partly down to one-off hits. Citi, for instance, had to swallow $6.2 billion in after-tax charges related to repayment of its federal bail-out funds. Behind the noise, however, some trends are emerging. Loan losses appear to be stabilising. For some, the worst may even be over. At BofA, America's biggest lender, net write-offs fell by 13% in the fourth quarter, the first decrease in nearly four years. Across the industry credit-card delinquencies are flattening out.
Nevertheless, the mood is cautious. In a call with analysts, Jamie Dimon, JPMorgan Chase's boss, hinted at the possibility of a double-dip recession. Even if the recovery continues, loan losses could remain high for some time. They lingered at peak rates for six quarters in the 1991-92 downturn, says Chris Whalen of Institutional Risk Analytics. One uncertainty is mortgage modification: banks may yet be forced to reduce the principal owed on some loans.
The outlook is cloudy in investment banking, too. Merger advice is picking up smartly, but capital-markets revenues fell in the fourth quarter, thanks to a big drop in fees from fixed income, currencies and commodities (FICC), previously the heart of the rebound.
This decline was partly seasonal. After a great year, many investors reduced activity in the fourth quarter to preserve profits. But it may presage a longer slowdown. The bid-offer spreads that banks earn on trades are falling from artificially high levels. Analysts at Citigroup expect FICC revenues, an estimated $190 billion in 2009, to be 15-20% lower this year. A further 15% of the pie could be lost if most over-the-counter derivatives migrate to exchanges. In absolute terms, any shrinkage is likely to hit hardest at Goldman, the market leader in FICC, unless it can continue to grow its share beyond the current 14% level.
Banks face other headwinds. The lacklustre economic recovery will keep loan demand weak. Tougher rules on capital will hurt banks' return on equity, as will restrictions on credit-card practices. JPMorgan Chase expects America's new card act to cost it $500m in annual profit--though it may be cheered that plans for a new financial consumer-protection agency seem to be in disarray. Banks must also swallow painful accounting adjustments. Bringing securitised assets back on its balance-sheet will erode Citi's core capital by 1.4 percentage points.
Punitive taxes will bite, too. Writing in the Financial Times, Mohamed El-Erian, head of Pimco, a fund manager, suggested that Barack Obama's plan to recover bail-out costs through an annual levy on large financial firms "marks the beginning of the era of banks being targeted for selective incremental taxation in advanced economies." Congress may yet raise the tax above the 0.15% of liabilities proposed, he added. The chances of further taxes will rise if bonuses continue to inflame tempers. Banks have made what they consider to be big changes to their pay structures. JPMorgan will hand its investment bankers just 11% of the revenue they generated in the last three months of 2009, a quarter of the norm; Citi has capped cash bonuses at $100,000. But this is unlikely to calm public fury, which could flare up again when Goldman announces its bonus pool.
On top of all this, banks face the gradual withdrawal of extraordinary government support. The industry's attention is turning to interest-rate risk. Rate cuts in 2007-08 greatly steepened the yield curve, handing banks a huge profit boost. As and when short-term rates start to rise again, banks' net interest margins (the difference between their interest income and funding costs) will come under pressure. These are already being squeezed as some firms restructure their balance-sheets: Citi's margin tumbled from 2.95% to 2.65% in the fourth quarter. Over the past three years, America's banks have gone from feast to famine and (for some) back again. The future lies somewhere in between.

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posted @ 3:06 PM, ,

Another Way of Promoting Business

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Sales are the lifeblood of a business, without sales there would be no business in the first place; therefore it is very important that if a business wants to succeed, it should have a sales promotion strategy in mind. The primary objective of a sales promotion is to improve a company's sales by predicting and modifying your target customer's purchasing behavior and patterns. Sales promotion is very important as it not only helps to boost sales but it also helps a business to draw new customers while at the same time retaining older ones. There are a variety of sales promotional strategies that a business can use to increase their sales, however it is important that we first understand what a sales promotion strategy actually is and why it is so important.

There are number of ways and number of promotional products those can be used to promote business. Some of those include Pens and Pencils, Notepads, Office Products, Stress Relievers, Pad folios, Business Bags, Tote Bags, Backpacks & Duffels, Travel Items, Calendars, Electronics, Coffee Mugs, Sports Bottles, Ceramic Promotional Mugs, Plastic Travel Mugs, Steel Travel Mugs, Glassware, Coolers, Gifts, Snacks and Candy, Sporting Goods, Healthcare Items, Fun and Games, Household Products, Key tags, Buttons, Magnets and many more.

posted @ 3:04 PM, ,

Egypt Regulations: Corporate Bond Norms Eased

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The Egyptian government has simplified regulations for issuing corporate bonds, in a fresh bid to develop the capital market and to diversify the sources of finance for companies and for infrastructure projects. The move reflects concern about the impact on growth of the reluctance or, in some cases, inability of banks to increase their lending to the corporate and project finance markets.
The investment minister, Mahmoud Mohieldin, said on January 4th that, after consultation with the Egyptian Financial Supervisory Authority (EFSA), he had issued a decree amending some of the rules covering bond issuance laid out in the capital market law (Law 95 of 1992). According to the previous system, bond issuers were required to include in their prospectus a forecast for their financial statements for the period up to the bond's maturity. The government seems to have concluded that this requirement had hindered a number of aspiring issuers, as they were unable to make realistic medium-term projections of their financial position. The new criteria are based on those that apply for initial public share offerings, with the additional requirement that the issuer must have a credit rating from a reputable agency.
The bond market is currently dominated by government securities, with about E£130bn (US$23.6bn) worth of outstanding treasury bonds and bills as of end-November, according to the Ministry of Finance. The ministry has recently announced its intention to try to promote more trading in these securities by issuing them in larger amounts with fewer maturities. It is hoped that this will help to provide an effective benchmark for corporate issuers.
Banks have become more risk-averse in light of the global financial crisis, and have shown a strong preference for investing in government paper, rather than increasing their lending to corporate clients. Egyptian banks must also observe strict limits on their exposure to single clients.
Mr Mohieldin's decision came shortly after the EFSA had approved plans by the Egyptian Company for Mobile Services (ECMS), the operator of the Mobinil mobile-phone network, to issue a E£1.5bn bond. One of the reasons that the company has chosen this mode of raising finance is thought to be the difficulty it faces in borrowing from Egyptian banks, owing to their high level of exposure to Orascom Telecom, one of the principal shareholders in ECMS. (Orascom has been involved in a prolonged tussle over the sale of its stake in ECMS to France Telecom, which has still not been resolved.) The five-year bonds will have a fixed annual coupon of 12.25%, and ECMS has said that it will seek to place the bulk of the issue with non-bank financial institutions, both inside and outside Egypt. EFG-Hermes, Egypt's largest investment bank, is underwriting the issue.

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posted @ 5:24 PM, ,

Insurance Made Perfect

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Insurance always help people to cover the risk of any loss that might be occurred at anytime. In these scenario every one is looking for to get insured his vehicle at very low cost of premium. It would be really good if you get all these services online. Further, every one knows that it’s a legal requirement to have valid vehicle cover insurance in place to enable to drive any vehicle on the public highway.

Many van drivers perception of van insurance is that it is “grudge purchase” a necessary evil. Now their problem is going to be solved because many insurances companies like HVG insurance is there which has an enviable reputation for providing low cost, high quality insurance products. Their resources enable everybody to add genuine value that goes beyond product supply to create an unmatched customer experience.

Insurance is important to the elements of societies and to economies. And one does not have to be an economist to know this. Insurance is something people buy hoping they never have to use. They purchase insurance to guards against unexpected and unaffordable losses. Just begin the process today and get the protection you want to take care of your valuables and to safe drivers as well.

posted @ 5:20 PM, ,

Is Global Recovery Stronger?

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Few days back, the head of the IMF, Dominique Strauss-Kahn, said in Tokyo that global recovery is stronger  than expected and point out following;
  • China and other developing Asian economies are leading a global recovery that is faster and stronger than expected, but warned that money rushing into emerging markets could lead to asset bubbles.
  • IMF would raise its 2010 global growth forecast from the 3.1 percent it projected in October.
  • China, India and other emerging Asian economies were close to returning to their pre-crisis growth rates, while rebounds in the U.S., Japan and other advanced economies remained "sluggish".
  • "The forecasts we're going to release in a couple of days will show that this recovery is going faster and stronger than we expected" several months ago.
  • While the IMF doesn't forecast a "double-dip," or second recession, risks remain. "We have to very cautious because this recovery remains very fragile."
  • While hundreds of billions in stimulus spending by governments around the world avoided another Great Depression, he said, the most important risk facing the global economy is deciding how and when to reverse those polices and deal with resulting debt burdens.
  • "Now we have to fix the consequences of the policy that has been put in place to fight against the crisis". "Finding the right time to implement exit policies is really a difficult one."
  • "If you exit too late, you waste resources". "If you exit too early, you have a risk of going back into recession."
  • The best indicators for timing fresh growth strategies are monitoring private demand and employment. The IMF recommends that governments devise policies that will support the labor market given still-high joblessness, which could lead to social unrest in some countries.
  • A key lesson from the global financial crisis is that authorities need to beef up supervision - more so than regulations - of financial institutions.
  • "You may have the best regulations in the world, but if it's not supervised correctly, it's no use."
  • Unified political will to tackle the crisis demonstrated at the Group of 20 summits last year will vanish as the world economy recovers.
  • The rush of money into major emerging markets such as China, Brazil and Russia reflects investors' recognition that these economies are growing rapidly.
  • This could lead to "many problems," including asset bubbles and a sudden drop in foreign investment, much like Eastern European countries experienced during the global financial crisis.

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posted @ 12:00 PM, ,

Economic Indicators as on 05th January, 2009

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Annual 2008/09

Foreign Debt = $50.1bn
Per Cap Income = $1046
GDP Growth = 2.0%
Average CPI = 20.77%

Monthly November

Trade Balance = $-986 mln
Exports = $1.54 bln
Imports = $2.52 bln

Weekly January 04, 2010

Reserves $13.967 bln

posted @ 4:07 PM, ,

Jobs in Coca Cola Beverages Pakistan Ltd

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Following posts / vacancies are available to apply.

Click here to get more details and to apply.


posted @ 11:26 AM, ,

Light Within

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