Markets Risks

Topical Issues on Risks in Financial Markets.

FRTB

Nuts & Bolts of FRTB – Introduction

Last updated on 6 September 2016

In January 2016, the BCBS published the final rules under FRTB for calculating market risk capital. These rules to be implemented by the end of 2019. As the name suggests, the rules have fundamentally changed the ways market risk capital will be calculated for the Trading Book. These rules are expected to change the Financial Markets in a significant way. In this Nuts & Bolts of FRTB series, I will provide information on the key aspects of the new FRTB rules which are now known as Minimum Capital Requirements for Market Risk.

Key Objectives

FRTB rules can be seen to achieve following main objectives:

  1. Reduce the ability for banks to arbitrage capital requirements by transferring transactions between Banking Book and Trading Book. This is achieved by providing
    • prescriptive guidance on what qualifies for the trading book;
    • rules on capital treatment when transactions move between trading and banking books;
    • requirements for regulatory reporting on compliance with trading book boundary rules, inventory ageing and limits.
  2. Risk sensitive standard model for calculating market risk capital. New standard approach is completely redesigned to take into account three risk sensitivities – Delta, Vega and Curvature risks. Capital charge is calculated for individual risk factors and is aggregated using pre-defined correlations.
  3. Fix shortcomings in VaR based internal market risk model.
    • New measure based on Expected Shortfall to be used by banks to calculate market risk capital;
    • Risk factor based granular liquidity horizon;
    • Model approval at individual trading desk level;
    • Introduction of non-modellable risk factors;
    • New desk level P&L attribution and backtesting requirements.

Certainly there is more to this but most of the changes or new rules can be placed into one of these three main categories. These changes will have significant impact on the bank’s Business strategy (Organisational, Trading, Customer, Products, Capital Management), Data strategy and Market Risk IT infrastructure strategy due to increased complexity in performing calculations and the substantial increase in market risk capital requirements. According to the BCBS’ FRTB – interim impact analysis, compared to the current market risk framework, the proposed market risk framework would result in a weighted average increase of 74% in aggregate market risk capital charges.

In my next blog, I discuss requirements around Trading Book boundary.

6 Comments

  1. José Ignacio López

    Are delta, Vega and Curvature risks of foreign exchange rate applied only to the trading book or also to other assets in the banking book that are subject to exchange rate risk?

  2. Kumar

    Hi Anshu – It is clear that in IMA, capital charge needs to be calculated at each trading desk level. Is that the case with SA too ?

  3. how do i get a visa card

    Lizard lounge dallas Membership Levels – Benefits, Dallas Zoo
    Membership Levels & Benefits From Safari Nights to Dallas Zoo Lights, enjoy a full year of adventures, value, and discovery! We may have your email on file. When you give the gift of Membership Levels & Benefits From Safari Nights to Dallas Zoo Lights, enjoy a full year of adventures, value, and discovery! We may have your email on file. When you give the gift of Dallas Zoo membership, you’re supporting our vision of Creating a Better World for Animals and the recipient of your gift will enjoy a full year of incredible experiences. When purchasing, please let us know …
    The post Lizard lounge dallas Membership Levels – Benefits, Dallas Zoo appeared first on Travel.

    Fort-worth Finance
    Site
    hinduja leyland
    Site
    Site
    corporation

    TOP 250 FREE DOFOLLOW SITE LINK LIST

    http://www.rebenokdogoda.ru/igr.html/comment-page-1?replytocom=488
    http://www.tourvtbilisi.ru/rtveli-prazdnik-sbora-vinograda-v-gruzii/
    http://ameli.gidm.ru/posts/reply/87792
    http://rus-otzyv.com/catalog/layf-bilding/otzyv-30143
    http://lenakleimenova.ru/camodisciplina-po-zhenski-ili-kogda-est-lyagushku/?replytocom=254
    http://sevas.city/blog/kak-raschitat-nalog-na-imushestvo/?replytocom=10816
    https://www.bee-guru.ru/useful/my-beeline/?replytocom=9311
    http://tvoya-boroda.com/kak-v-14-let-otrastit-borodu-podrostku.html?replytocom=54
    http://bandaj62.ru/vopros-otvet?replytocom=9
    https://archibiz.ru/hello-world/?replytocom=1
    http://valontuojat.foorumi.eu/posting.php?mode=reply&f=13&t=379
    http://ya-milo4ka.ru/domashniy_uyt/idealnaya_domoxozyajka.html?replytocom=86
    http://www.souznso.ru/?p=546
    https://gamezworld.de/phpforum/post.php?fid=16
    http://yesclub.zp.ua/aboutus/?replytocom=2203
    https://surya108.com/2016/11/10/myaso-i-deti-s-foruma/?replytocom=56852
    http://kauristudio.ru/kontaktyi/?replytocom=50
    http://10dev.ru/2019/02/08/%d0%bf%d1%80%d0%b8%d0%b2%d0%b5%d1%82-%d0%bc%d0%b8%d1%80/?replytocom=1
    https://rotruckers.forumfree.it/?act=Post&CODE=02&f=9753078&t=63598615
    http://kvershine.ru/nashi-kontakty-2/?replytocom=238
    http://kometa-biz.ru/otzyvy/?replytocom=422
    http://sprosi.com.ua/remont-sten/otdelka-sajdingom-svoimi-rukami/?replytocom=285
    https://salfytrip.ru/kontakty?replytocom=7363
    http://marlin34.gidm.ru/posts/reply/126859
    http://www.hakubanishiki.co.jp/blog/2015/05/16/1431773301826.html
    http://pvdshka.ru/goriachij-kluch/?replytocom=9054
    http://malina26.gidm.ru/posts/reply/119635
    https://blog.programs74.ru/how-to-resolve-mysql-error-1819/?replytocom=152
    http://drderico.ru/pishem-igru-dlya-android-znakomstvo-s-andengine/comment-page-1/?replytocom=5769
    http://brainartclub.ru/privlechenie-referalov/kto-takie-referali-refereri/?replytocom=20
    http://garajstudio.gidm.ru/posts/reply/118147
    https://www.romandanilin.ru/irina-miroshnichenko-rasskazhu-design-afishi/?replytocom=3259
    http://lock-emergency.ru/smazat-zamok/?replytocom=10
    http://xn--80aafhtl4aohhen4n.xn--p1ai/hello-world/?replytocom=2813
    http://favorit.gidm.ru/posts/reply/121494
    https://oldscotsman.forumfree.it/?act=Post&CODE=02&f=64618268&t=73191687
    http://helenakozlova.ru/kak-vyvodit-cheloveka-na-obshhenie-v-skajjp/?replytocom=20220
    http://stefano.gidm.ru/posts/reply/103190
    https://forums.egyptladies.org/newreply.php?do=newreply&p=1664087
    http://nc-gerkon.ru/?replytocom=12637
    http://www.oksanavegner.ru/516-2/?replytocom=4300
    http://hitrostidomashnie.ru/kak-zhit-s-zhadnym-muzhem.html?replytocom=2470
    http://gamesfk.ru/five-nights-at-candys?replytocom=95
    http://baltbet.co/otzyvy-o-bukmekerskoj-kontore-baltbet-baltbet?replytocom=6837
    https://domsvyazi.ru/informatsiya/ip-telefoniya-ot-rostelekom.html?replytocom=3579
    https://videotube.blogfree.net/?act=Post&CODE=02&f=685396&t=3496190&p=12763312
    http://stressunet.ru/nedelanie-kak-osvoboditsya-ot-stressa/?replytocom=3028
    https://blog.e-karting.ru/kak-rabotaet-bms-tipy-ustrojstvo-princip-dejstviya/?replytocom=580
    http://azov-sea.ru/bloger-raskritikoval-arxitekturu-rostova/
    https://needforspeed.forumcommunity.net/?act=Post&CODE=02&f=4439411&t=42759553&p=299598166
    http://genealogia.ru/170/276/d-shihovo-prihod-s-lutsyno-2?replytocom=26740
    http://tvoy-bizness.ru/novshestvo/?replytocom=260
    http://patriot.sumy.ua/privet-mir/?replytocom=1
    http://ansc.kz/proizvodstvo-i-remont-vxodnyx-ustrojstv-uecn/?replytocom=1327
    http://www.gosprog.ru/gosprog-002/?replytocom=138
    http://test.dela-v-dome.ru/uncategorized/zapis_h1.html?replytocom=2860
    http://auto-emal.ru/kontakty/g-orel-ul-spivaka-d-76/?replytocom=26373
    http://shalenyk.ru/wp-content/plugins/si-captcha-for-wordpress/captcha/securimage_show.php?si_sm_captcha=1&si_form_id=com&prefix=JQ5tL1LKL6q2ZXE4
    http://rc.kvshu39.ru/2016/03/18/18_03_2016_01/?replytocom=2882
    https://online-resource.ru/vypiski-iz-egrn/?id=587c69966be4f
    http://cssdrive.ru/blog/2018/09/20/gutenberg/?replytocom=36
    http://avtomaster365.ru/2017/05/24/dat-prikurit-avto/?replytocom=177
    http://zepter-kotlas.ru/?p=9
    http://booksnook.com.ua/book/elena-kachur-uvlekatelnaya-fizika
    http://www.il-borgo.ru/hello-world-2/?replytocom=2
    https://emerge.vineyard.ca/index.php?topic=434.0
    http://mukagost.ru/?p=1
    http://www.logoclub.org.ua/logopedicheskij-mini-sad/?replytocom=48
    http://d-p.spb.ru/2012/06/17/servisnoe-obsluzhivanie-v-poezde/?replytocom=3168
    https://travel-argentina.alphasca.com/?p=1
    http://kursovichok.eu5.org/?p=27
    http://akkaunt.biz/akkaunt-v-steam/?replytocom=9065
    http://flex0r.ru/materialyi-k-igre-prestolov-vtoroe-izdanie-dlya-pechati/?replytocom=5134
    http://mac-os-x-news.hiblogger.net/160310/add_comment.html?parent_id=4516008
    https://konveier.com/blog/2018/10/08/chatboty-yuridicheskoj-kompanii-juscutum/?replytocom=1516
    http://mila-lyudaym.ru/5-teorij-vybora-brachnogo-partnera/?replytocom=2994
    http://itf-rus.ru/kontaktnaya-informaciya/?replytocom=1181
    http://matilda56.ru/tovar-goda/armejskie-chasy-amst?replytocom=2
    http://russkieuzori.ru/
    https://freshwater-fishes.vivarium.ru/122/659/message-32531.htm
    http://novostroyi.ru/krovlya/?replytocom=4
    http://ntvflipboard.ru/?p=9908
    http://royalconstruction.od.ua/slider-gallery-1/72/2-2/?replytocom=1342
    https://devicess.ru/zakaznoe-pismo-odintcovo-9-ot-kogo-moget-bit/?replytocom=278
    http://gr-news.ru/2015/04/09/09-04-2015-sanction/?replytocom=2227
    http://astpristav.ru/bez-rubriki/dvojnye-standarty.html?unapproved=4269
    http://palmadesochi.gidm.ru/posts/reply/84331
    https://blog.pact.im/2018/01/19/intro-1/?replytocom=2656
    http://xn—200-43dxbg2ij.xn--p1ai/?replytocom=1507
    http://strelec.gidm.ru/posts/reply/49496
    http://belkanto.gidm.ru/posts/reply/5231
    http://pokrasimavto.by/remont-bamperov/?replytocom=53
    http://mekanorazov.ru/yet-another-blog-post-quote-post/?replytocom=8478
    http://bestphotos.pro/fotograf-na-kipre/?replytocom=2378
    https://bizid.ru/biznes-v-krizis-vremja-problem-ili-vremja-vozmozhnostej/?replytocom=5760
    https://kolch-obr-prof-ru8.webnode.ru/gostevaya-kniga/
    http://scheben-spectehnika.ru/kontakty/?replytocom=20
    http://ru4ki.gidm.ru/posts/reply/111423
    http://v-sebe.ru/o-smysle/kak-delat-vovremya/?replytocom=6507
    http://www.learningaiddice.com/?replytocom=4
    http://zhatkin.ru/?replytocom=4145
    http://ipuran.ru/2017/05/02/1/?replytocom=6
    http://dosaaf-zao.ru/urok-muzhestva?replytocom=314671
    http://www.kresti-ogradi.ru/kontakti.html
    http://pubge.ru/news/novaya-sistema-zashhity-v-pubg-shhit/?replytocom=2529
    https://upulmanologa.ru/simptomatika/pnevmoniya/eozinofilnaya-pnevmoniya-369?replytocom=4487
    http://bosmon.de/forum/posting.php?mode=reply&f=4&t=188
    http://remontset.ru/obustrojstvo/komnata-dlya-2-x-malchikov.html?replytocom=2871
    http://medtravi.com/travy-i-rasteniya/stvorki-fasoli.html/comment-page-1?replytocom=4484
    http://zd.gidm.ru/posts/reply/127469
    http://online24.top/gotovim-sushi-doma/?replytocom=3279
    https://urtaev.ru/blog/vajber-skachat-besplatno-na-telefon/?replytocom=1275
    http://xn—–7kcbcazdzbcphdbcf4aodj1c2ao1lndza.xn--p1ai/hello-world/?replytocom=10854
    http://bunker.gidm.ru/posts/reply/89981
    https://yagovdick.ru/youtube-menyaet-pravila.html?replytocom=380
    http://zvezdalady.com/odinochestvo-tragediya-ili-neobhodimost/?replytocom=4320
    http://www.perevod.ee/2012/09/27/ministerstvo-yusticii-estonii-ne-budet-perevodit-zakony-na-russkij-yazyk/?replytocom=1
    http://spbbanky.ru/banki/rnkb-lichnyj-kabinet/?replytocom=46
    https://help-php.ru/php/regular-expressions-in-php-chapter-one/?replytocom=5294
    http://helix23.gidm.ru/posts/reply/107358
    http://tandog.ru/kontakty/?replytocom=14646
    http://xn--221-pdd4c4a.xn--p1ai/?replytocom=8568
    http://xn—1-7kcgpc4amipfuot.xn--p1ai/bezvorsovye-kovry/?replytocom=1
    https://www.liga-commersantov.ru/kejs-30-kak-otvetit-na-neudobnyj-vopros.html
    http://ilyalatypov.ru/obratnaya-svyaz?replytocom=2530
    http://mir-okon.kh.ua/novosti/mir-okon-vashemu-domu-s-oshhadbankom/?replytocom=6627
    http://gofitness.gidm.ru/posts/reply/89715
    https://cleanfoodbloger.com/2015/12/14/26/comment-page-1/?replytocom=2
    https://reikiguide.ru/xavajo-takata/?replytocom=18
    http://des-roubi.com/vb/sendmessage.php
    http://art-a1.ru/qa/?replytocom=9126
    https://partnerkaoy.ru/2018/11/19/m3-smart-band-muito-barata/?replytocom=73990
    http://kot-donor.ru/zhdem-v-gosti-znamenitost/?replytocom=62
    http://jinsa.ru/v-komsomolske-na-amure-stroyat-novyj-parom/?replytocom=3591
    http://xn--23-6kca2bbonikw0av.xn--p1ai/2017/05/25/127/?replytocom=3861
    http://sigvoda.ru/?replytocom=4787
    http://profsoyuz.licey142.ru/?p=518
    http://handmadeproduction.ru/catalog/predmety-iskusstva-iz-tunisa/?replytocom=9116
    http://www.xn--31-9kcm2bo9a.xn--p1ai/?p=127
    http://xn--80aesgtcrdfh8bi.xn--p1ai/kontakti/?replytocom=1826
    http://mindbodyspirit.us/glavnyj/buildings/6-seriya-p-46m?replytocom=3019
    https://medvedev-honey.ru/what-is-the-best-honey/?replytocom=1089
    http://mahnem-otdohnem.ru/sit-voluptatem/etiam-dictum-egestas/?replytocom=7856
    http://andreevanastis.ru/13-4/?replytocom=2188
    http://tregioje.gidm.ru/posts/reply/98339
    http://mosfla.org/members2014/?replytocom=28482
    http://svetlanakasatkina.ru/kontakty?replytocom=3498
    https://bombatelo.ru/pliometricheskie-uprazhneniya-s-podrobnyim-opisaniem/?replytocom=9
    http://drenisaf.net/
    http://a0018013.xsph.ru/testovaya-zapis/?replytocom=857
    http://sportizdorovie.ru/nauka-zdorovja/luchshie-velosipedy.html?replytocom=2309
    http://iktyrok.ru/istoriya-rossii-6-klass/?replytocom=345
    http://lentanovosti.ru/yshki-svernylis-na-makyshke/?replytocom=9553
    https://vrnupak.com/otzyvy.html?replytocom=3980
    https://ardizan.com/info/al-pl.html?replytocom=51
    https://svnefedova.com/krasota-i-molodost-eto-sostoyanie-dushi/?replytocom=2964
    http://2health.ru/osnovnie_oshibki_pri_vibore_prezervativov/?replytocom=5571
    http://reality-yoga.ru/stati/grani-yogi/mayya-illyuziya/?replytocom=7850
    http://studhistory.ru/gostinitsy-rossii/alushta/volna-hotel-5/?replytocom=26
    http://paraplan-aero.ru/?page_id=2
    http://fastfoodclub.ru/html/sause/classik_shaurma_sause.html
    http://free-psycho.ru/preparaty-dlya-uluchsheniya-mozga/?replytocom=6867
    http://mensrights.ru/wp/informaciya/biblioteka/otzyvy-chitatelej-na-knigu-olega-novoselova-zhenshhina-uchebnik-dlya-muzhchin?replytocom=5928
    http://ak-paritet.com/service/accounting/autsorsing-buhgalterskiy-uchet/?replytocom=9714
    https://rendezvousotzyvy.ru/comment-page-7/?replytocom=205
    http://intra.gidm.ru/posts/reply/113097
    http://eropkin.com/duxovnaya-zhizn/blagodat-v-poznanii?replytocom=46
    http://newrecipes.ru/zhele-chernichnoe/?replytocom=10198
    http://esthetique.gidm.ru/posts/reply/110092
    http://shagane.gidm.ru/posts/reply/116097
    http://ilshatgumerov.ru/2017/03/06/privet-mir/?replytocom=1
    http://goodwill-tk.ru/kontaktyi.html?replytocom=5734
    http://test-filter.ru/?p=1
    http://test.rivoi.ru/2016/07/01/chast1/?replytocom=3191
    http://letscuturl.com/lucky_fresh_cazino/index.html
    http://megaguru.spb.ru/reviews/obzor-novogo-noutbuka-msi-prestige-px60-6qe/?replytocom=4185
    http://questpistols.hiblogger.net/440791/add_comment.html?parent_id=3336406
    http://benglcats.com/gostevaya-kniga/?replytocom=60
    https://inforuss.info/wp-content/plugins/wpdiscuz/utils/captcha/captcha.php?key=c5d2cd66cdd39c
    http://s-creative.ru/?p=1
    http://tonirovka-vidnoe.ru/antigraviy/glavnaya-doroga-ob-antigraviynoy-zaschite/?replytocom=3316
    http://posm.pro/privet-mir?replytocom=1811
    http://dnz19.com.ua/miy-pershiy-komentar/?replytocom=20247
    http://anticapitalist.ru/2016/09/28/705/?replytocom=280
    http://money-free.ueuo.com/2017/09/money-birds/?replytocom=9
    http://rsu-72.ru/otzyvy/?replytocom=10
    https://boom-beach-follower.ru/bagi-skoro-ispravyat/?captcha=failed
    http://gornie-vershiny-hotel.ru/gostevaya-kniga/?replytocom=16266
    http://shaggydog.gidm.ru/posts/reply/74867
    http://tabletennis52.ru/top-24-sredi-malchikov-i-devochek-do-13-let/?replytocom=10
    http://johndo.gidm.ru/posts/reply/94238
    http://respectindustry.com/portfolio/iskra/?replytocom=2843
    http://triz-tigr.ru/2017/05/09/primeri-izobretenii-wow2/?replytocom=2
    http://crystalldent.kz/otzyvy.php?parent=43
    http://wisebrett.com/wpgrabber-html/?replytocom=2782
    https://thoughts.forumfree.it/?act=Post&CODE=02&f=64253431&t=75775303
    http://pressa.yalschool3.ru/hello-world/?replytocom=1
    http://darkerhorizons.com/Nyghts/index.php?PHPSESSID=6a06afe65a2b5aadc9eb756003aa4466&action=verificationcode;vid=post;rand=5a2633ee8b555bdadafb4a31837a0ae0
    http://xn--b1aahhpgtabaesro.xn--p1ai/%D0%B8%D1%89%D1%83%D1%82-%D1%80%D1%8B%D0%B6%D1%83%D1%8E-%D0%BA%D0%BE%D1%88%D0%BA%D1%83/?replytocom=14921
    http://blog.nrhr.ru/lekarstvo-ot-horoshej-zhizni/?replytocom=3905
    https://pfy.in.ua/liqpay/dostavka-novoy-pochtoy-dlya-woocommerce/?replytocom=1577
    http://palermocalcio.ru/2017/08/13/1-32-ki-kalyari-palermo-1-1-pen-4-2/?replytocom=24974
    http://combinatsocpit.ru/2017/08/15/privet-mir/?replytocom=2298
    http://atmagro.ru/2015/01/28/ploskorez-fokina/?replytocom=23950
    http://www.aptuni.ru/forum/9-17-1/
    http://vesna38.gidm.ru/posts/reply/104640
    http://school31crimea.ru/kontakty/?replytocom=183
    http://blogprogram.ru/modules-ajax-forma-obratnoy-svyazi-joomla25-3/?replytocom=1642
    http://napogodina.ru/zima-v-derevne/?replytocom=3
    http://www.rodina-don.ru/vstavaj-strana-ogromnaya/?replytocom=20011
    http://homesand.ru/otdelka/kak-pravilno-kleit-oboi-instrukciya-i-sovety.html?replytocom=490
    https://9koleso.ru/techart-porsche-911-turbo-s-2/?replytocom=5
    http://kinonna.ru/uncategorized/79/?replytocom=2782
    https://www.t-armstrong.com/registraciya-na-sajte-i-dopusk-k-materialam-kluba?replytocom=497
    http://marinahaifa.com/11497/?replytocom=5112
    https://enigmanganime.blogfree.net/?act=Post&CODE=02&f=666368&t=4496138&p=17491972
    http://sohoclinic.gidm.ru/posts/reply/81966
    http://kstati-decor.ru/obyavleniya/prinimaem-na-komissiyu/?replytocom=29943
    http://holodent.ru/novosti/pishha-zastryala-mezhdu-zubov.html?replytocom=50
    http://m.nina-maksimenko.ru/?p=70
    http://bukmek.com/fonbet/?replytocom=204
    https://onfasad.ru/penobloki-plyusy-i-minusy-materiala-dl/?replytocom=9409
    http://alexander-visotsky.ru/comment-page-2/?replytocom=2019
    https://autonovice.ru/dog.htm?replytocom=462
    http://franchis.ru/agelocme.html?replytocom=2
    http://yarsmeta.ru/2017/08/15/privet-mir/?replytocom=1
    http://www.four-wheel-drive.ru/remont-benzinovyih-dvigateley/?replytocom=480
    http://vulcanplatinm.ru/2017/12/04/forum-1xbet_ao/?replytocom=23197
    http://brakexpert.ru/zhile-mnogodetnoj-materi-odinochke.html?replytocom=20758
    http://embroidery-digitizing.ru/adaptaciya-nosochno-perchatochnyx-pyalec-ot-happy-k-velles/
    http://pbym-kmv.ru/seks-po-sotovomu-telefonu/seks-po-sotovomu-gryazniy.php?replytocom=1
    http://gidpostavkam.com/vidy-stavok-na-foru/?replytocom=6751
    http://inveys.ru/pf-01/?replytocom=17089
    http://morozovanastya.ru/pochemu-nas-besyat-nashi-deti/?replytocom=3895
    https://andalusiaguide.ru/blanes/?replytocom=465
    http://chastnyurist.ru/?p=1
    http://aspi.net.pl/posting.php?mode=reply&f=2&t=8851
    https://obzorisoveti.ru/avto-programmka-sbora-bitkoinov-satoshi-na-avtomate/?replytocom=660
    https://doctorlav.ru/otzyvy/?replytocom=4
    http://dmdveri.ru/video/kak-nastroenie-otvetit-s-yumorom
    http://angel-a-dress.ru/texniki-shitya/dublirovanie-detalej-odezhdy?replytocom=22544
    http://shizgara.gidm.ru/posts/reply/96677
    http://shopinfo.top/catalog/anair-tf/otzyv-17515
    http://manukovskiy.ru/2018/02/26/ne-moya-statya/?replytocom=1575
    http://zakyatrt.ru/prorok-st-7/?replytocom=2604
    https://morskaya-svinka.ru/aguti-morskaya-svinka.html?replytocom=172
    http://otler.ru/santehmark/?replytocom=1376
    https://batham.ru/index.php/2017/10/20/hello-world/?replytocom=1
    http://2012.ege-go.ru/?p=1
    http://pitanie-dlya-detey.ru/pravil-noe-pitanie-vitaminy-dlya-detey.html?replytocom=10

    Awaiting moderation
  4. certified used cars

    Current time in washington right now Video
    Current time in washington right now Current time in washington right now Phoenix, Arizona is 3 hours behind Washington, District of Columbia. Current time Washington, District of Columbia 9:29 PM on Sunday, Apr 7, 2019 Phoenix, Arizona 6:29 PM on Sunday, Apr 7, 2019 More trip calculations Map from Washington, DC to Phoenix, AZ Meeting planner for Washington, District of Columbia and Phoenix, Arizona To schedule a conference call or plan a meeting at the best time for both parties, you should try between 12:00 PM and 5:00 PM your time in Washington, DC. That will end up being between …
    The post Current time in washington right now Video appeared first on Hotel .

    Bahamas Finance
    BONUS 200 FREE DOFOLLOW Links SITE

    http://1x-rayzone.ucoz.ru/index/8-5747
    http://karabawka.my1.ru/index/8-2959
    https://www.all-kursk.ru/forum/index.php?action=profile;u=10428
    https://www.landroverexperts.com/forum/main-forum/10972-true-credit
    http://mongoliatourservices.com/index.php/travle-guide1
    http://www.itdunya.com/member.php?361060-IZRAELLew
    https://zp-dogs.at.ua/index/8-13496
    http://cpplus.my1.ru/index/8-1494
    https://www.activeconsultancy.com/wp-index.php
    http://narutorpg.ucoz.com/index/8-8901
    http://essbn.com/forums/topic/best-life-insurance/
    http://avtopark.at.ua/index/8-11719
    https://school-one.3dn.ru/index/8-821
    https://mountainkings.clan.su/index/8-5401
    http://bremsurmer-notredame.fr/forums/topic/view-fico-score-free/
    http://estudamosjuntos.com/estude/tarefa/20548/
    http://cs-boost.clan.su/index/8-2181
    https://forumkiev.com/users/104001/
    https://my.surveypal.com/app/form?_d=0&_aid=808871412&_k=6rykYlcw-El8BzgiEqxrR_nl5ZUxbJ0bM9_QzqIRrN2swEmu19WyN5ZyrNK1eNJl&_p=-1
    https://kyzylorda.salexy.kz/post
    http://garyballen.com/kpcr-com-radio-interview/#comment-3991/
    http://www.see-game.hu/profile.php?id=211594
    http://pcgamesportal.ucoz.ru/index/8-1848
    http://47n.cc/forum.php?mod=viewthread&tid=3168&extra=
    https://garmoniya-zhizni.pro/member/105-izraeldit
    http://brianlittrellcentral.net/gallery/profile.php?uid=2260
    http://dingo-tm.ucoz.ru/index/8-836
    https://codingcommunity.com.au/answers/news-malta-finance-advanced-news-remmont-com/#comment-9060
    http://ssdnafrica.acaciaafrica.org/forums/topic/insurance-rate/
    https://forum.runnersworld.de/forum/members/170678-IZRAELTen
    http://pushkino.pp.ua/users/REMONTEt
    http://vipbanzou.com/forum.php?mod=viewthread&tid=8442&extra=
    http://cellica.org/forums/index.php?topic=37082.new#new
    https://www.iceshanty.com/ice_fishing/index.php?topic=370419.new#new
    http://beljnkashkola.ucoz.ru/index/8-30028
    http://188login.com/data/profile.php?id=740428
    https://forum.uwsonline.com/member/30799-izraelkirm
    http://loveforum.chin-shan.com/viewthread.php?tid=526396&extra=
    http://cs-oren.do.am/index/8-805
    http://atoms.clan.su/index/8-5219
    http://forum.mapabiblii.pl/viewtopic.php?p=3012#3012
    http://ww1.zone-stream.net/user/AUTOst/
    http://www.xiu.cam/forum.php?mod=viewthread&tid=131&extra=
    http://www.badgod.de/streber/#comment-18068/
    https://answers.axonivy.com/users/1052/autosex
    http://www.tokentop.com/forum.php?mod=viewthread&tid=6837&pid=25041&page=1&extra=#pid25041
    http://www.a3shop.ru/index/8-19008
    http://forums.gree.net/member.php?341659-INSURANNem
    https://wowgame-server.do.am/index/8-8115
    http://redcaffe.ru/member.php?u=2165
    http://bemol.com.ua/user/IZRAELvon/
    http://baimak2school.ucoz.ru/index/8-14492
    https://school-129.3dn.ru/index/8-68895
    https://www.newdigitalpianoreview.com/comment-page-18962/#comment-889604
    http://shadowassassins.ucoz.ru/index/8-822
    http://www.abdfurniture.com/just/basic_carrel_1-lam-top#comment-853/
    http://themefluent.com/bb/members/carsat/profile/
    http://letfile.ucoz.ru/index/8-1011
    http://www.shahbasoft.com/forums/topic/facts-botswana-business-daily-news-remmont-com/feed/
    https://staratel.info/threads/233/page-5#post-12365
    https://clannr.ucoz.ru/news/ptr_uluchshit_obychnye_veshhi_do_geroicheskikh_legko/2011-08-18-107
    http://sch1-nzp.ucoz.ru/index/8-34890
    https://hertz-audio.com.ua/blog/ustanovka-dinamikov-hertz-mille-v-honda-accord-2017-goda/
    https://shift-css.clan.su/index/8-5106
    http://lineadeatencionalamujer.es/beneficios-de-la-lactancia/
    http://www.kuaitui618.com/forum.php?mod=viewthread&tid=72&pid=683&page=1&extra=page%3D1#pid683
    https://www.4006805157.com/product/kingaci-smart/
    http://pointblankhack.ucoz.net/index/8-8119
    http://korobkiperedach.ucoz.ru/index/8-2124
    http://stoicstudio.com/forum/member.php?62228-LOANel
    http://www.technoair.cz/kompresory?form_uid=498b8e798c2e5a23756aca41e89cddf2#form-126
    http://www.avtohh.ru/index.php/topic/26-zamena-zhidkosti-v-gidrousilitele-rulia/page-2#entry117
    https://sinocom.ru/novosti-foruma/18777-reklama-rassilke.html#post650328
    https://yabike.ru/blog/predzakaznaya-kompaniya#comment_3327
    http://the-cinema.fun/user/REMONTSn/
    https://rpgclub.my1.ru/index/8-5130
    http://pwn-master.3dn.ru/forum/2-63-9#2832
    http://www.hoplandmac.org/forums/topic/all-3-fico-scores-free/
    http://l2star.do.am/index/8-14519
    https://in-minecraft.3dn.ru/index/8-5126
    http://cena-kachestva.ucoz.ru/index/8-3271
    https://tournament-fifa.at.ua/forum/29-92-1
    http://online-serials.3dn.ru/index/8-6043
    http://nhlliga.at.ua/index/8-7528
    http://inval1dtarget.clan.su/index/8-1234
    http://old.samczeruno.pl/index.php?option=com_k2&view=item&layout=item&id=152&Itemid=130
    http://departament-turizma.ru/user/MonicaHit/
    http://8er.org/forum/sendmessage.php
    http://skovorodino3.ucoz.ru/index/8-14535
    http://focus.ucoz.ru/forum/14-60-1#565
    http://fsblegion.clan.su/index/8-2634
    http://bbs.qinganmi.com/forum.php?mod=viewthread&tid=9938&extra=
    http://www.dms.mn/forums/topic/tfl-store-update-041310-httpbahamas-remmont-com/
    http://www.antisud.com/forum/user/37667/
    http://www.ksa-ads.info/member.php?u=2898
    http://kolpinonews.ru/news/15936
    http://duplyatka.ucoz.ru/index/8-2909
    http://www.makersgonnamake.com/forums/topic/cialis-generico-rs-one/
    https://ayudafleet.carsync.com/forums/topic/book-a-flight-cheap/
    https://www.sy-safari.de/video-safari-unterwegs-auf-der-ostsee#comment-7886

    http://bwstudio.ae/female-wedding-photographer-abu-dhabi/?unapproved=9058&moderation-hash=5761a0438df48aee5a0275b7b3b52cfc#comment-9058
    http://stephenklyle.com/im-back/?unapproved=742&moderation-hash=9c76bbbc02e42cdd30fa3f2e54f42761#comment-742
    https://smartfonoff.mobi/samsung-gear-vr.html?unapproved=44337&moderation-hash=29a5e1955185e4a2ef564d5d29e448c0#comment-44337
    http://rebornbabydolls.org/black-reborn-baby-dolls/?unapproved=101873&moderation-hash=8c7bafa7924deccc2aecb7d484d13af3#comment-101873
    http://www.warsztatlazar.pl/uncategorized/hello-world/?unapproved=9188&moderation-hash=ef5a66791c1c1a57244b4170df58ec0c#comment-9188
    https://ubermedia.com/global-womens-mentoring-partnership/?unapproved=27735&moderation-hash=ebaac2018742eec638e1870aaeda1759#comment-27735
    http://www.modernct.com/2014/02/11/hello-world/?unapproved=3522&moderation-hash=1cd3758ec174de3461af3a221dd339da#comment-3522
    http://gloutonnefree.fr/cookies-pepites-choco-vegan/?unapproved=691&moderation-hash=347dadbf09dbc4bafce6ba65a665fd10#comment-691
    http://www.bodyjoy.net/blog/about/?unapproved=267704&moderation-hash=e3428d8f013dbcf17a30c348db6ac04a#comment-267704
    http://mashinnayavyshivka.by/otzyvi/?unapproved=9128&moderation-hash=8911e1975e663090196172c471aa4048#comment-9128
    http://www.porthjess.com/status/status-post/?unapproved=1820&moderation-hash=19481fddd5809403c1239cd0185eb8cc#comment-1820
    http://www.autogaz.swidnica.pl/?unapproved=1203&moderation-hash=99a55a2d1b9ac03a05132759774af54a#comment-1203
    http://goodcobadco.com/?p=1&unapproved=20941&moderation-hash=e52f1cee7e1adaa965b550c6b75a2bc7#comment-20941
    https://ponymor.dk/hest-heste-ridning/?unapproved=903&moderation-hash=66f30c2db47f0f24f01282e58853c8e1#comment-903
    http://emgi.up45.ac.id/2018/10/18/hello-world/?unapproved=2299&moderation-hash=ef238c181082270052be7d9d7e95c542#comment-2299
    http://greaterbostonmovers.com/hello-world/?unapproved=147121&moderation-hash=a17f4d7fe76fc8c2be2a545eae009ac8#comment-147121
    http://learninbarcelona.com/ze-pedro/?unapproved=10010&moderation-hash=05a87939f100d9a557f156e32f01b41b#comment-10010
    https://theuppers.es/the-uppers-estilo-callejero-alrededor-del-mundo/?unapproved=4737&moderation-hash=51f5591c2a6075f5125187cb658c4a34#comment-4737
    http://leptitbalu.fr/photo-2/la-carotte/?unapproved=6918&moderation-hash=9ecd3f77371b41918074f7f527eb232b#comment-6918
    https://drawntowhitetails.com/late-season-hunting-continued/?unapproved=34991&moderation-hash=08d9b7aa664b2a533bfa06c56ae366dc#comment-34991
    http://caramelsale.com/fascinatingcreatures/?unapproved=9799&moderation-hash=2ae7926a8c4b636376eec8dc04618462#comment-9799
    http://wynnaustinevents.com/floral-workshop-by-wae-adorations/?unapproved=1464345&moderation-hash=a885821c23f72de6e38040ad007affd2#comment-1464345
    https://corporativo.tourhouse.com.br/seguranca-para-viajantes-corporativos/?unapproved=44306&moderation-hash=6b199aa4dd955a64b5f8fe36d83d5575#comment-44306
    https://narvaes.com/project-item/salt-bistro/?unapproved=3352&moderation-hash=aa3f3190cd66c7b8fc8fe9f453d44474#comment-3352
    http://antihaugas.ee/blogi/omavalitsuse-roll-on-rahva-rikkust-kasvatada/?unapproved=15557&moderation-hash=27c64b5377042fc426f114f9d52dac97#comment-15557
    http://hoholskiy.ru/member.php/1696-BURGERPt
    http://pinstriperecruitment.com.au/2014/03/write-best-resume-ever/?unapproved=13448&moderation-hash=642782253bbc34fd168aff7fb1bb5de8#comment-13448
    https://www.jasminalsham.wien/index.php/2015/02/02/post-with-gallery-and-images/?unapproved=1002&moderation-hash=ddc34077c68579c67de47f9d47f14708#comment-1002
    http://www.vinconneau49.com/2017/08/15/le-credit-immobilier-sans-apport/?unapproved=7128&moderation-hash=dcffb8103bb29ca9e3c8434ea85777a5#comment-7128
    http://www.tvmediapsychologist.com/2330-2/?unapproved=742&moderation-hash=b841e02013d373baf61b66b1515ed2b0#comment-742
    http://konverteringsgrad.se/?unapproved=10415&moderation-hash=88eef0768bbdcc1a46bd391b9edf3bf1#comment-10415
    http://theworldnewsandtimes.com/2017/10/13/703-am-10132017/?unapproved=7459&moderation-hash=789ff4ff35600b3189df0e2ffebda202#comment-7459
    http://www.videogamedad.de/46-das-kann-man-noch-verkaufen/?unapproved=235313&moderation-hash=6e6206bec9b5e737191fec866611ee51#comment-235313
    http://mental-safari.com/personal-coaching/?unapproved=24106&moderation-hash=e229ae8079a9c1a1be6e0c8028d8b52b#comment-24106
    http://leadwithlove17.com/hello-world/?unapproved=6247&moderation-hash=21af46fdb901454c21c1385520337298#comment-6247
    http://kletna.ru/blog/item/126-phasellus-ullamcorper-blandit-leo-id-pharetra-leo
    https://caicareerjournal.com/2018/06/19/hello-world/?unapproved=933&moderation-hash=7268e663747c124e30f2929bc5714875#comment-933
    https://rayhigdon.com/email-marketing-network-marketers/?unapproved=238725&moderation-hash=cd138c22b6a4b9bed2f61d4893733fad#comment-238725
    http://caribbeanmarineinstitute.com/2016/04/fish-carbon-fish-and-fishermen/?unapproved=28788&moderation-hash=1cc2bde8a5c6981d86a49c6681907b84#comment-28788
    http://cthockeyratings.com/prayers-go-out-to-family-of-nico-mallozzi/?unapproved=8082&moderation-hash=f11953e4bfd8ab4ebc2941f1313038d2#comment-8082
    http://toastedleather.com/offshoulderjacket-boyfriendjeans/?unapproved=16296&moderation-hash=52444b327555c263142c5936562ee661#comment-16296
    http://juliemagers.com/welcome-to-juliemagers-com-blog/?unapproved=6927&moderation-hash=2ae7b081f94e73cdb45e59502263d6f9#comment-6927
    http://postele-manzelske.cz/manzelske-postele-2/manzelska-postel-stilo-3/?unapproved=7686&moderation-hash=05e9816d975531acdde9537674dd806a#comment-7686
    https://codeblock.at/2018/02/2d-space-exploration-game/?unapproved=12855&moderation-hash=2fb100679e7fd5b12d80dac763bb5623#comment-12855
    http://seizethemomentum.com/hello-world/?unapproved=6547&moderation-hash=1b5dc3701fbcf80e956d7f5502a3cfaf#comment-6547
    https://iipsr.edu.sa/circularpre-board-examination-i-grade-x-2017-2018/?unapproved=14358&moderation-hash=558fa24f0fe70687a43842ae68fb1804#comment-14358
    http://truth-network.net/ambisi-manusia/?unapproved=18672&moderation-hash=92a908d9705e5ebf4a776c308fb47021#comment-18672
    http://gilsonite.pro/gilsonite-in-oil-based-drilling-muds/?unapproved=26367&moderation-hash=8ba73df3be23ad650fb8d929b9fadf19#comment-26367
    http://www.project2040.com/online-learning-trends-watch-year-2017/?unapproved=4122&moderation-hash=ca063892252d205de7f347fbf5d430af#comment-4122
    http://cargopluses.com/2017/10/10/hello-world/?unapproved=1954&moderation-hash=61ec5e9f3aed6136e560dcaedd00d9e0#comment-1954
    https://jawalapps.com/download-gboard/?unapproved=1789&moderation-hash=28ab39a21a6cc6ba34d3f06ae978abca&bs-comment-added=1#comment-1789
    http://aftertrump.org/is-the-press-doing-its-job/?unapproved=38588&moderation-hash=0d8601a7ff4272bc029fd8e301dec246#comment-38588
    http://stanloh.com/2013/04/16/first-day-first-entry/?unapproved=3973&moderation-hash=555df553cac2b74518139aac64d7bae9#comment-3973
    http://dodau.vn/kinh-nghiem-de-tim-duoc-nguoi-giup-viec-ung-y/?unapproved=7100&moderation-hash=aabd6ae697b92e8e5d255d194d1909c6#comment-7100
    http://himara.gov.al/soon/2017/06/12/6400-2/?unapproved=7033&moderation-hash=c9536c3ab54d89973be1e34728de756a#comment-7033
    https://dicaslegais10.com.br/chocolate-quente-caseiro-receita/?unapproved=214754&moderation-hash=4f16b273de84d895ab0659a7829edd2f#comment-214754
    https://realisingthevision.stir.ac.uk/2017/08/14/32-dear-diary/?unapproved=50122&moderation-hash=a727b92bdb3388204d8b5884f8a18834#comment-50122
    http://superiornutrition.org/2017/08/athletics/?unapproved=36288&moderation-hash=8fb069aab4f81910e973ff3ab70bf99d#comment-36288
    http://steptoperfection.ru/2017/03/06/1841/?unapproved=12936&moderation-hash=7383924fd8a94c3bd2f47bacedb699c5#comment-12936
    http://districttriathlon.com/2017/02/08/2017-welcome/?unapproved=4324&moderation-hash=1e68ce7a0eb7fa3d335d2361ccb69ad2#comment-4324
    https://pawprintpetsitting.com/on-call-vet-services/?unapproved=4238&moderation-hash=cd4cad342db6c298aa09ffcfc034c1a3#comment-4238
    http://essentialhealthacu.com/how-to-make-bone-broth/?unapproved=6179&moderation-hash=512c4847e228bb0c21ce36730a0f4d24#comment-6179
    http://www.coromandelcuisine.com/proin-sodales-quam-nec-ante-sollicits/?unapproved=121619&moderation-hash=ffd4a3bd35e36b1d5015b33715b9530a#comment-121619
    http://johanjorgensen.com/hej-varlden/?unapproved=20107&moderation-hash=727c9f8d17741a183c42cb62f742bcf6#comment-20107
    http://chemandtech.com/process-identification-service/?unapproved=127492&moderation-hash=8d57794afdcd143df9f70e4959a34a72#comment-127492
    https://arevalo.me/titulo-de-la-publicacion-en-el-blog/?unapproved=2289&moderation-hash=31efc4694427dfe64a9429dc202a0df3#comment-2289
    http://www.aubureau-montauban.fr/fj-flower/?unapproved=11221&moderation-hash=cb47711896e5479d783c6e86c9feecd6#comment-11221
    https://smallgroups.icf-bern.ch/familienvaeter-in-action/?unapproved=4665&moderation-hash=2663e0babf50b016ca86a7cd044598dd#comment-4665
    http://richardbeaini.com/2015/09/what-is-the-discovery-all-about/?unapproved=1801&moderation-hash=f3ed6c2b01c1bcfce02cfc40e0f153c4#comment-1801
    http://rigel.radiuzz.com/demo/agency/2015/07/06/audio-post/#comment-7503
    https://ccttapes.com/cct-launches-new-website/?unapproved=15226&moderation-hash=6c282c58f9b95f9e2893c2bad71fc4d6#comment-15226
    https://goodfoodforall.org/processed-with-vsco-with-a4-preset-9/?unapproved=66638&moderation-hash=d1460b10bc0a5eab492b7d11bc77a07a#comment-66638
    http://newiza.com/productos/oficina/sobres/?unapproved=5271&moderation-hash=1bc4f702212f00c8567ca5bbbad1fcbd#comment-5271
    https://nhcfaeconference.org/2016/02/02/hello-world/?unapproved=37250&moderation-hash=98428dd9590c2b543295b4d98ebe641a#comment-37250
    http://pearlsolves.com/410/?unapproved=68296&moderation-hash=64e0f572629bac376c6dcdaea7d0e1a3#comment-68296
    http://www.supplement4fitness.org/ellure-skin-cream/?unapproved=2443&moderation-hash=60ac129b41dcf1ff6ee34ba1bb638ed5#comment-2443
    http://algwellness.com/2015/02/get-the-most-out-of-your-work-day/?unapproved=29278&moderation-hash=ea5f585072b7e3d19efc7776a9b9bee9#comment-29278
    http://lissysalt.com/the-next-chapter/?unapproved=14158&moderation-hash=8d5982aac6fc70a4ca1af4bbc81d9e5d#comment-14158
    http://dcjsolutions.com/business/styling-guide-html-test-post/?unapproved=17157&moderation-hash=a5ac5c8c55625b7e3caa66b8d06ab5d4#comment-17157
    http://v100.me/2018/12/31/hello-world/?unapproved=2821&moderation-hash=ab90057a68d036048e7eed165a74c2ea#comment-2821
    http://elitedentistryofmadison.com/post-entry-5/?unapproved=24264&moderation-hash=dc3b5dbf1dae7ab7dfb6d4c71a23cd13#comment-24264
    https://vcljes.edu.in/2016/08/25/vision-and-mission/?unapproved=2294&moderation-hash=3c199c86f49aa6b257601f89b79d987c#comment-2294
    http://olimpix.info/2013/08/ilana-kratysh-zavoevala-zoloto-na-grand-pri/?unapproved=44921&moderation-hash=396a54ec7140be8374a224442110b8f7#comment-44921
    http://kerstin-spangberg.se/gamla-gastboken/?unapproved=36237&moderation-hash=0c6a91c2a165d2278c91b32dba6ec143#comment-36237
    https://www.aaautowarranty.com/three-easy-ways-to-unleash-your-engines-potential/?unapproved=59591&moderation-hash=4599fc4d731d8fc0c34ec2afd30a0d84#comment-59591
    http://kindredconnection.ca/10-ways-change-brain-kindness/?unapproved=12624&moderation-hash=4dce98cabb49ae4a6fa19a4ea774fa55#comment-12624
    http://indojettravel.com/hello-world/?unapproved=2418&moderation-hash=75e41f3a581788bedb339642f38a4dba#comment-2418
    http://www.temp-mredllc.com/2013/09/16/hello-world/?unapproved=3069&moderation-hash=f56e0fba83a459068f6b2591a15d313b#comment-3069
    http://moilanding.ru/dlya-milyh-dam/?unapproved=23372&moderation-hash=9c4faa67342d25b815f32ad11fc2d823#comment-23372
    https://thepenguinempire.com/?unapproved=49618&moderation-hash=61fe79c2e629c7e4d9b0e205b854ff6d#comment-49618
    http://www.brindecousette.com/mercerie-elastiques-larges-originaux/?unapproved=608455&moderation-hash=4ef538f4e8ff48572319b86e3c3b1b97#comment-608455
    http://www.wonenindebackyard.nl/2015/06/10/aparte-en-excentrieke-interieurs/?unapproved=36933&moderation-hash=1e17b44bc3a06d340b4843d7225f4345#comment-36933
    http://gryzhainfo.ru/zhivota/operatsiya-s-setkoy.html?unapproved=3153&moderation-hash=8f4a48256d6f35b2a6b828471886c3c7#comment-3153
    http://edenescapades.com/no-longer-in-canyonlands/?unapproved=8468&moderation-hash=70cd02d1dfe4a2b18ed18e7961993b88#comment-8468
    http://www.delishdevineandallmine.com/easy-nights-by-kristen-proby-cover-reveal/?unapproved=92171&moderation-hash=a3243266ee09140da0a47e2d438babed#comment-92171
    http://www.kryptonicstorpedoreviews.com/?unapproved=24149&moderation-hash=ec7e347f64b50bc1edc28bee295cf0dd#comment-24149
    https://beverlyhillssynagogue.org/tefilla-notebook-this-weet-at-yinbh/?unapproved=13718&moderation-hash=fd22752c2a6f198bdd8d0969575d1be4#comment-13718
    http://canalstreetbeat.com/2017-new-orleans-nine-most-endangered-sites/?unapproved=170108&moderation-hash=efa552324825ae97a56c8b96cc3255a5#comment-170108
    http://fourm.masterkogame.com/showthread.php?tid=12594
    http://www.address-engine.com/link-building-seo/?unapproved=16578&moderation-hash=9e496e43bf06ddd424c053ff13b8dcde#comment-16578

    Awaiting moderation

Leave a Reply

Theme by Anders Norén