Financial Risk Manager

Ways of Financial and Risk Management

Money Market, Forex and General Upadtes - 23-07-2011

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Money Market Updates

Money market inter bank opened at 13.80/13.90. Market remained near 13.55 and went on a high of 13.90 and closed at 14.00.

Forex Updates

Dollar Market interbank opened at 86.12/15 with a high of 86.19 and a low of 85.12. Market closed at 86.17/20.

General Updates
  • Inflation remained in double-digits in the four year term of the present government eroding the purchasing power of the country’s poverty-hit masses. With inflation forecasted to stay in double digit in FY12 it would be the first time in Pakistan’s history that the country would be observing consecutive five years of double-digit inflation. The overall Consumer Price Index (CPI) in Pakistan witnessed a massive increase of 76 per cent in last four years, thereby eroding the purchasing power of the masses. In the last four years average yearly inflation stood at 14.6 per cent as against an average GDP growth rate of a mere 2.9 per cent.
  • During the financial year 2011, Pakistan imported goods worth $27.777 billion from the Asian region, which is 76 per cent of the country’s total import of $36.379 billion. Compared to this tall figure, the country’s exports to the region could hardly reached $11.195 billion, which is just 40 per cent of imports from the region.
  • Even Pakistan’s close friends are getting large benefits while their imports from the country reflect poor and discouraging trade relations. China’s exports to Pakistan in FY-11 rose to $4.144 billion from last year’s $3.283 billion. However, China’s import from Pakistan remained stuck to just $1.645 billion, reflecting a serious gap which could be filled with better trade relations and market.


posted @ 1:38 PM, ,

Debt Settlement

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Everyone needs a day job right? The trick is finding one that doesn’t take much time yet can still pay your bills. It sounds like a dream, until you try Googling debt settlement business opportunity. About five minutes of Internet research proves that running a debt settlement affiliate program is money in the bank. All you have to do is sign people up, process the paperwork, and then work with a debt settlement net branch to handle all the back end, and you’ve got a full time job with a full time income that requires hardly anytime whatsoever. Now, who’s up for skiing?

Typically, a debt settlement affiliate program will contract out to a processing center to handle all the rote day to day tasks. The processing center works on behalf of your clients to help eliminate their debt, while you enjoy a modest kickback that adds up to a sizable living with enough clients. It’s all web based, so you don’t have to meet anyone in person. You could be on the beach for all they care, which isn’t a bad idea. Invest in a good WiFi option, and you can even answer your email on the beach, though that might distract you from the real surfing.

Those attracted to the debt settlement business opportunity are mostly intrigued by the ability to earn a living without much hassle. It’s just a matter of signing clients on board, and letting your debt settlement branch handle the logistics. As a debt settlement affiliate program, you get a sizable check on a regular basis, and plenty of free time to spend it. Let’s face it, free time is not a bad way to make a living.

posted @ 11:31 AM, ,

Accounting Firms - Marketing Strategy

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Accounting firms are rapidly escalating their business-building efforts:

66% of accountants say their firms have been increasing their marketing and business development activities in the last 12 months.

85% say they will be continuing to step up marketing in the coming 12 months

55% are accelerating their own personal biz-dev efforts

Adding new clients is now, clearly, the foremost concern, with 83% listing it as an objective, followed by:

Client retention, 72%,

Lead Generation, 62%, and

Niche or Specialty Services, 49%.

In the next 12 months, firms will be stepping up:

1. Networking with prospects and referral sources, 67%,

2. Upgrading the firm’s website, 57%,

3. E-newsletters, 52%,

4. Social media (LinkedIn, Facebook, Twitter, Youtube, etc.), 48%, and

5. Thought leadership (blogging, publishing articles, speaking engagements, white papers), 45%.

posted @ 11:21 AM, ,

Payday Loans - Online Hub

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A payday loan also called a paycheck advance is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday. The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Legislation regarding payday loans varies widely between different countries and, within the USA, between different states

If a person needs money in a hurry, a fast cash advance is a great way to get the funds. What makes a fast cash advance so great? To start off, almost anybody can qualify for one and they will receive the money quickly. There is no long wait time for paperwork to be processed or for the money to be given to you. Simply complete the short application process and you are on your way to having your fast cash advance through payday loans online hub. What does a person need to have in order to qualify for a fast cash advance? All that a person needs is a bank account, a paycheck stub and they must be at least 18 years of age or older. That’s it. No credit check is required and you are not asked what you need the funds for. The paperwork for a fast cash advance can be completed in as little as 10 minutes and a person can have the money available to them within 60 minutes. Talk about a fast turnaround. You can use the money for whatever emergency has arisen, whether the emergency is a car that needs to be repaired or a utility bill that is due, you will now have the fund to take care of the situation.

The amount of money that a person can get with a fast cash advance can be as much as $1,500, though in some cases it may be as little as $50, it all depends on the person and the situation that they need the funds for. There are times when a few emergency financial situations can happen all at one time, in those cases a person may have to take out a fast cash advance of over $1,000. No matter how much you need or what you need the funds for, a fast cash advance is the way to go through payday loans online hub.

posted @ 10:54 AM, ,

Rebekah Brooks and News's books

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A look at where News Corp makes money might explain why phone hacking at the News of the World was not given the attention it deserved

Rebekah Brooks resigned as chief executive of News Corporation on July 15th, taking the advice offered to her in this week's print edition. As the chart below shows, the challenge for News Corp now is to prevent the stink from phone hacking at the News of the World spreading to the parts of the business that make most of the company's money. For while Rupert Murdoch is a newspaper man first and a television and film mogul second, newspapers made up just 13% of the company's profits in the year to June 2010

posted @ 11:57 AM, ,

Meet and Chat with Strangers

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The Internet is allowing greater flexibility in working hours and location, especially with the spread of unmetered high-speed connections and web applications. Electronic mail, or email, is an important communications service available on the Internet. The concept of sending electronic text messages between parties in a way analogous to mailing letters or memos predates the creation of the Internet. Pictures, documents and other files are sent as email attachments. Emails can be cc-ed to multiple email addresses.

iMeetzu is a unique website that combines the idea of randomly meeting and chatting with someone one-on-one (like Chatroulette and Omegle) with a social network / free online dating / friend finder site. This allows you have additional interesting conversations with your favorite random chat contacts, as well as check out their profiles and learn more about them, without having to divulge your real name and other private details like you would have to with Facebook. Thus, we have taken multiple great concepts and put them together to create the ultimate site where you can make friends online and not worry about your privacy.

posted @ 2:20 PM, ,

5 Reasons to Become FRM

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If you currently manage risk, money, or investments, or are looking to enter this dynamic field, achieving the FRM certification is the clear way to accelerate your career.
  1. The FRM is the acknowledged global standard for financial risk management. The FRM is the first and the most widely recognized risk management designation in the world. In 2010, FRM candidates came from 126 countries and over 4400 different organizations globally, underscoring that the FRM is the true global standard.
  2. You will gain state-of-the-art knowledge. Designed by and for risk practitioners to reflect a mix of foundational theory and current marketplace issues, the FRM Exam content is highly relevant. So much so that 92% of those who sat for the May 2011 FRM Exam would recommend their colleagues also sit for the FRM Exam.
  3. The certification process confirms your professional achievements. Real-world experience is an essential component of attaining FRM certification. No other financial risk designation requires candidates to demonstrate related professional experience – so becoming a Certified FRM means considerably more than passing an exam.
  4. Certified FRMs have access to exclusive continuing education and networking opportunities. Certified FRMs have a unique opportunity to join a lifelong professional network, with numerous continuing education and networking activities. Certified FRMs value the designation: 82% would prefer to hire a job candidate with the FRM.
  5. You will enhance your reputation for integrity. All Certified FRMs are expected to adhere to principles that promote the highest levels of ethical conduct and disclosure beyond following the letter of applicable rules and regulations. Employers know that Certified FRMs will help safeguard their firms' reputations.

posted @ 9:57 AM, ,

Karzai’s Brother Killed by Guard in Kandahar Home

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The half-brother of Afghan President Hamid Karzai was assassinated by one of his security guards inside his house in Kandahar on Tuesday morning, a political killing that will reverberate widely through the country and could destabilize a key region in the U.S. military’s campaign against the Taliban, according to witnesses and Afghan officials.

Ahmed Wali Karzai, the head of Kandahar’s provincial council who was widely considered the most powerful man in southern Afghanistan, had been meeting with tribal elders and politicians in his heavily fortified home in downtown Kandahar city when a security guard walked into his meeting room and requested a private discussion, according to two people at the house at the time. Karzai and the guard left for another room, and shortly afterwards three gunshots rang out.
Agha Lalai Destegeri, the deputy provincial council chief, who had been meeting with Karzai Tuesday morning, said he heard the gunfire and rushed in to find Karzai shot in the head, chest and hand.

Karzai’s other guards entered the room and shot and killed the gunman. His entourage drove the bleeding Karzai a short distance across town to Mirwais Hospital but he did not survive, Destegeri and other Afghan officials said.

“He was the number one man in Kandahar,” said Mir Wali Khan, a former parliament member from Helmand province who was at Karzai’s house at the time of the shooting. “We expect now the security of Kandahar will get worse, and the fighting among the tribes will grow stronger and stronger.”

Khan and Destegeri identified the shooter as Sardar Mohammad, who was from the Dand district of Kandahar province. They did not know how long he’d worked with Karzai, who employs a large team of guards and lives on a street barricaded by concrete blocks and manned by police.

Karzai has long been a controversial figure in Afghan politics. He rose to prominence as his brother assumed the presidency and profited off his position to establish a powerful grip on Kandahar, the home of the Taliban insurgency. He was regularly accused of participating in the opium trade and profiting from private security companies. He always adamantly denied these accusations and described them as motivated by his political enemies, of which there were many. Unlike the often tranquil atmosphere at the governor’s office, Karzai’s Kandahar home was a hive of activity, and clearly the center of political power, as tribal leaders, politicians, American diplomats and soldiers, came for his help and counsel.


posted @ 1:59 PM, ,

Some Good Quotes

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• Energy and persistence conquer all things. – Benjamin Franklin

• Focus on your potential instead of your limitations. – Alan Loy McGinnis

• Courage is not the absence of fear, but the triumph over it. – Nelson Mandela

• A successful team is a group of many hands but of one mind. – Bill Bethel

• Strong conviction precedes great actions. – Louisa May Alcott

• Optimism is the faith that leads to achievement. – Helen Keller

posted @ 11:06 AM, ,

TPD Insurance

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Life insurance is important in protecting the financial well-being of your family and loved ones in the event that you pass away. It pays a lumps sum to your beneficiaries or to your estate. If you would like to compare life insurance quotes then looking online may be your best option. You can look at term life insurance policies and see which one best suits your needs.

TPD Insurance stands for Total & Permanent Disability Insurance. It provides a lump sum in the event that the insured becomes totally or permanently disabled. This type of insurance should not be confused with Trauma Insurance, as it provides a lump sum payment if you suffer a medically diagnosed event or disease, irrespective of whether you are totally disabled or not. The funds from a TPD insurance benefit payment may be useful in paying for any outstanding debts, medical bills and living expenses while you adjust to your disability. This type of personal insurance is typically combined with life insurance or Trauma insurance as it is relatively inexpensive in most cases, although in some instances you may want it as a “stand alone” policy.

You can call here on 1300 135 205 today and save up to 20% on your first year’s life insurance premium.


posted @ 10:32 AM, ,

Citigroup to Repurchase HK$1.06 Billion of Lehman Notes

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Citigroup Inc. agreed to repurchase HK$1.06 billion ($136 million) of notes linked to Lehman Brothers Holdings Inc. in Hong Kong, according to a statement from the Hong Kong Securities and Futures Commission today.

Citigroup’s offer covers about 92 percent of customers holding the outstanding notes, it said. The bank will pay 80 percent of the value of each customer’s investment, according to the statement.

The offer from Citigroup came after Standard Chartered Plc in March agreed to repurchase HK$1.48 billion of structured notes linked to Lehman. The proposals, along with a settlement agreement approved in May, may help end discontent that led investors to hold almost daily protests outside bank branches in Hong Kong.

“Citibank is making this offer in the best interests of our clients without admitting any liability,” James Griffiths, a Citigroup spokesman for the bank in Asia Pacific, said in the e-mailed statement.
Hong Kong investors in notes tied to Lehman approved on May 20 a settlement agreement proposed by Lehman’s receiver PricewaterhouseCoopers LLP that would return as much as 96.5 percent of their original investment. About 43,000 Hong Kong investors had bought an estimated $1.8 billion of so-called minibonds from lenders.

Citigroup is repurchasing market-linked notes and equity- linked notes that are different from the minibonds that were sold by some banks in Hong Kong.

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posted @ 12:00 PM, ,

Credit Counseling

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Credit counseling is a process that involves offering education to consumers about how to avoid incurring debts that cannot be repaid through establishing an effective Debt Management Plan and Budget. Credit counseling is usually less typified by functions of credit education or the psychology of spending habits, rather credit counseling establishes a planned method of bad credit mortgage relief, typically through a Debt Management Plan.

Consumer credit counseling often involves negotiating with creditors to establish a debt management plan (DMP) for a consumer. A DMP may help the debtor repay his or her debt by working out a repayment plan with the creditor. DMPs, set up by credit counselors, usually offer reduced payments, fees and interest rates to the client. Credit counselors refer to the terms dictated by the creditors to determine payments or interest reductions offered to consumers in a debt management plan.

Visit the neatly laid out site and fill out the form below and claim your 3 FREE Educational Gifts NOW! These 3 items will teach you ideas you can apply today to better your credit counseling services.

posted @ 11:45 AM, ,

Money Market, Forex and General Upadtes - 07-07-2011

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Money Market Updates

Money market interbank opened at 13.90. Market remained near 13.90 whole day and closed at 13.90.

Forex Updates

Dollar Market interbank opened at 85.82/85 with a high of 85.89 and a low of 85.83. Market closed at 85.82/84.

General Updates

Country’s oil consumption slid by 3.1 percent in fiscal 2011 to 19.6 million tonnes versus 20.3 million tons last year, despite the increasing energy appetizing and emergence of gas shortage in the country.

Pakistan and Srilanka have started thinking about enhancing the business ties between the two countries. The current bilateral trade volume stood at $338 million, which could be increase with the help of private sector.

The budget deficit for the fiscal year 2010-11 that ended on June 30 was 5.3 per cent of gross domestic product, higher than earlier estimated. The country’s budget deficit was 6.3 per cent of GDP in 2009/10 fiscal year. During June 2011, the US transferred to Pakistan $190 million for what is called the citizen damage compensation program. It helps provide assistance to victims of the devastating summer floods of 2010, which caused about $10 billion in damage.

In the fiscal year that began July 1, the government aims to cap its deficit at 4 per cent of GDP by decreasing its expenditure and broadening its tax-to-GDP ratio, which is currently around 9 per cent.

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posted @ 10:41 AM, ,


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Trading is one of the oldest business but modern communication technologies have given birth to the global trade cycle, commonly referred to as ‘global supply chain’ or ‘physical and financial supply chains,’ which represents the various stages of the buying and selling process among trading partners anywhere. Product Impex is trading as a part of global supply chain. You visit the website, you will find a whole lot from Salt, and Salt Products, to Aprons, Beachwear, Towels, Sports Socks, and Work wear from some of the best manufacturers in the industry.

We have collaboration with leading manufacturers that gives us control across large trading partner networks and also in the manufacturing process. Which is why we offer our clients custom products like aprons with your unique design and or message printed on front or back?
Product Impex put much emphasis behind having a fancy growth strategy but we sure understand that our growth is really the growth of our clients.

We are wholesalers and we know our growth is attached with the growth of our retailers and whom they sell and how much. That is why we think globally and put all our energies behind making our clients by offering them the best and cost effective.


posted @ 1:45 PM, ,

Light Within

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