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Monthly Archives: October 2016

Skardu calling. The Shigar Khaplu break.

Skardu calling. The Shigar Khaplu break. After 2015’s amazing summer escape to Gilgit, this year we wanted to aim for something equally adventurous. Intrepid traveler and globe trotter Afia Salam suggested we take a look at Shigar and Khaplu and put us in touch with

Hunza valley summer escape

Hunza valley summer escape The road trip to Hunza via Gilgit, Chilas, Besham and Islamabad continues to its final leg. While the first two episodes documenting the road trip to Gilgit were completed and published in 2015, the Hunza episode remained outstanding. This year we were very fortunate

Non traditional actuarial careers

Non traditional Actuarial Careers. On 19th October 2016, the Pakistan Society of Actuaries graciously invited me to speak on non traditional actuarial careers to an audience comprising largely of actuarial students. The objective was to give them a purview of all the non-actuarial things actuaries

Bootstrapping the Zero Curve and Forward Rates

Deriving zero rates and forward rates using the bootstrapping process is a standard first step for many valuation, pricing and risk models. Interest rate and cross currency swaps & interest rate options pricing & VaR models, revolving credit facilities & term B loans valuation models,

50 seconds before 50.

50 seconds before 50. Or the inspiration to climb a personal Mount Kilimanjaro. The trail that couldn’t be. The route to Rakaposhi base camp (elevation 4,000 meters) through Hunza (elevation 2,000 meters), Gilgit Baltistan, Pakistan. I turned 45 last month. August 2015 I was in a

Basel III – Capital Adequacy – US implementation

The Federal Reserve published revised capital adequacy rules and regulations in July 2013 that follow the Basel III revisions to capital adequacy rules. In particular there are revised minimum capital & leverage ratios, a capital conservation buffer and more stringent criteria for instruments eligible for

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