{"product_id":"taxmanns-combo-for-iibfs-examination-on-treasury-investment-risk-management-dtirm-papers-i-ii-set-of-2-books-2026-edition","title":"Taxmann's COMBO for IIBF's Examination on Treasury, Investment \u0026 Risk Management (DTIRM) | Papers I \u0026 II | Set of 2 Books | 2026 Edition","description":"\u003cp\u003eCOMBO for IIBF's Examination on Treasury, Investment \u0026amp; Risk Management (DTIRM) brings together the complete, official, IIBF-authorised courseware— Treasury \u0026amp; Investment Management (Paper I) and Risk Management (Paper II). Both volumes have been comprehensively revised as 2026 Editions, mapped chapter-by-chapter to IIBF's Revised Syllabus (Rules \u0026amp; Syllabus 2026), and are exclusively published by Taxmann for IIBF. Together, they constitute the entire prescribed study kit for the examination—no supplementary text is required to cover the syllabus. Read as a pair, the two books trace a single, continuous arc through the modern dealing room. Paper I builds the world the treasury operates in—the structure and functioning of financial markets, the products that are traded and priced, and the operations, liquidity management, dealing-room controls, regulations, and technology that hold it all together. It carries the reader from first principles (what a money market is, how an exchange rate is quoted) to genuinely advanced material (pricing an interest-rate swap, computing NDTL for CRR\/SLR, running a front-mid-back office control framework). Paper II then builds the discipline that sits above every position—how a modern bank identifies, measures, prices, and controls risk, from board-level governance down to the arithmetic on a dealer's blotter. Across four modules and 25 chapters spanning 800-plus pages, it develops each topic from first principles through to fully worked numerical solutions—pricing a 10-year zero-coupon bond to ?456.39, deriving 99% VaR and Expected Shortfall from a 1,000-day P\u0026amp;L series, computing portfolio PVBP, and settling a quarterly swap cash flow. Both volumes are deliberately India-anchored—built around RBI, SEBI, FEDAI, FIMMDA, and CCIL frameworks and the Basel architecture as applied by RBI—while situating that domestic detail within global market practice. And both are distinguished by their currency: Paper I gives real coverage to treasury automation, Straight-Through Processing (STP), ERP integration, blockchain applications, modern electronic trading and settlement platforms, and the LIBOR transition to alternative risk-free benchmarks such as SOFR; Paper II reaches frontier material—Expected Shortfall and the Fundamental Review of the Trading Book (FRTB), Extreme Value Theory, Monte Carlo simulation, coherent\/sub-additive risk measures, LCR\/NSFR, ICAAP with stress testing, and climate-related and conduct risk—well beyond a minimum syllabus. The outcome is a set that serves equally as the structured, self-contained examination courseware for both DTIRM papers and as a standing desk reference for treasury and risk professionals who need an authoritative, up-to-date guide to navigating an integrated treasury environment with competence, compliance, and confidence. The COMBO is written for anyone who needs a rigorous, practice-oriented grounding in treasury, investment, and risk management: DTIRM Examination Candidates — The prescribed courseware for both Paper I and Paper II in a single set, served by chapter-end objective questions and answer keys that mirror the examination's own MCQ format Treasury Professionals and Dealers — Front-, mid-, and back-office staff who want one reference spanning dealing, settlement, accounting, control, and the measurement of market, FX, and balance-sheet risk Investment Managers and Fixed-Income\/Forex Practitioners seeking applied coverage of products, pricing, valuation, portfolio management, and hedging Risk Managers and CRO Teams building or running enterprise-wide risk, ALM, and limit frameworks Internal Auditors, Compliance and Finance Officers working with treasury exposures, risk-based internal audit, ICAAP, Basel, and RBI requirements Regulators and Supervisors who want a consolidated view of the treasury, risk, capital, and supervisory architecture Students, Faculty, and Researchers in Banking, Finance, and Management Programmes wanting an authoritative, exam-aligned, yet quantitatively serious text The Present Publication is the 2026 Edition (Set of 2 Books), exclusively published by Taxmann for the Indian Institute of Banking \u0026amp; Finance: Treasury \u0026amp; Investment Management (DTIRM — Paper I)—updated by Mr Veerasekaran Manimaran (Former DGM | Canara Bank) and Mr N V Chalapathi Rao (Former IIBF Faculty \u0026amp; Retd. DGM | erstwhile Syndicate Bank) Risk Management (DTIRM — Paper II)—authored and vetted by Mr Ambarisha Nanda (Former CGM | United Bank of India); an 800-plus-page volume of four modules and 25 chapters The noteworthy features of this book are as follows: [Across the COMBO] o Official IIBF Courseware × 2 — The prescribed, copyrighted texts for DTIRM Papers I \u0026amp; II, aligned chapter-by-chapter to IIBF's Revised Syllabus—the full examination syllabus in one purchase o Fully Revised 2026 Editions — Refreshed to reflect current market conventions, RBI guidelines, evolving Basel frameworks, and international best practice—critical, given that IIBF examines candidates on recent regulatory developments o Quantitative \u0026amp; Applied Throughout — Concepts are demonstrated, not merely defined—day-count conventions, bond valuation and DCF, futures\/FRA\/swap pricing, duration-gap analysis, VaR and Expected Shortfall, all carried through worked, step-by-step solutions in realistic ? terms o Exam-format Self-assessment — 'Check Your Progress' MCQs (Paper I) and objective-type 'Terminal Questions' (Paper II) with answer keys replicate the examination's 100-question MCQ pattern, supported by diagrams, tables, and illustrations o Self-contained Study Design — Both volumes are engineered for effective self-study without classroom support, complementing the e-learning IIBF provides to registered candidates o Dual-purpose Design — Equally effective as exam-preparation courseware and as a lasting professional desk reference [Treasury \u0026amp; Investment Management (Paper I)] o End-to-end Treasury Coverage — Markets ? products ? treasury operations ? liquidity ? risk ? dealing-room controls ? regulation ? technology, in a single logical progression o Emerging-technology Coverage — Treasury automation, STP, ERP integration, blockchain, and modern trading\/settlement platforms, with a dedicated chapter on IT in treasury o Benchmark-reform Ready — The LIBOR transition to alternative reference rates (e.g., SOFR) and its practical implications for pricing and product terms o Regulatory Source Material Built In — RBI guidelines, FEDAI rules, extracts from the FIMMDA Handbook of Market Practices, and CCIL settlement mechanics, reproduced and explained o Governance, Ethics \u0026amp; Controls — Treasury governance, conflicts of interest, the dealing-room code of conduct, investment controls, and front\/mid\/back office segregation o Two Ready-reference Annexures — General Principles (dealing controls, FEDAI\/FIMMDA practice) and a comprehensive Treasury Terminology glossary [Risk Management (Paper II)] o Signature Market-risk Depth — A deliberate emphasis reflecting the rising importance of market risk in volatile rate, currency, and commodity environments o Frontier Coverage — Expected Shortfall and FRTB, Extreme Value Theory, Monte Carlo VaR, coherent\/sub-additive risk measures, LCR and NSFR, ICAAP with stress testing, PCA, and emerging climate\/conduct\/non-financial risk o Regulatory Grounding—India \u0026amp; Global — The evolution of the Basel Accords through Basel III, RBI's supervisory framework, Risk-Based Supervision, and Risk-Based Internal Audit o Expert Authorship — Written and vetted by a senior industry veteran, blending regulatory rigour with real-world banking judgment o Exam-friendly Architecture — Every unit opens with a stated objective and introduction and closes with a summary, key definitions\/keywords, and MCQs with answers The coverage of the COMBO is as follows: Book 1 | Treasury \u0026amp; Investment Management (Paper I) o Financial Markets — Market classification (money, forex, mutual-fund, capital, insurance, commodity), emerging markets (BRICS), participants (banks, primary dealers, FIs, exchanges, brokers, investment\/merchant bankers, FIIs, custodians, depositories), and the regulators (RBI, SEBI, IRDAI, AMFI) o Money Market — Features, functions, need, and participants of the Indian money market; instruments from call\/notice and term money to bank FDs, CDs, CP, the bill rediscounting scheme, interbank participation certificates, T-bills, cash management and municipal bonds, and repos\/tri-party repos o Capital Markets — Equity and preference shares; foreign-currency borrowing\/lending by Authorised Dealers; GDRs\/ADRs\/IDRs with governing legislation and eligibility; when-issued securities; credit-linked notes; algorithmic trading (benefits, risks, challenges); and External Commercial Borrowings with their regulatory framework o Technical Analysis of the Financial Markets — Dow Theory, trend concepts, reversal\/continuation patterns, volume and open interest, long-term charts, moving averages, oscillators, point-and-figure, Japanese candlesticks, Elliott Wave, money management and trading tactics, a technical checklist, advanced indicators, and trading strategies o Foreign Exchange Markets — Exchange-rate definitions, quotations, and drivers; the role of banks in the Indian forex market and its link to money-market operations; international financial institutions (World Bank Group and development banks); correspondent banking and NRI\/PIO accounts; risks in foreign trade; EXIM Bank, RBI, and FEDAI roles; FEDAI guidelines, forex valuation and revaluation effects; Registered Foreign Portfolio Investors; and FX trading strategies o Debt Markets \u0026amp; Fixed Income Securities — Bond types and terminology; G-Secs (auction process, STRIPS, bootstrapping); State Development Loans, other approved and non-SLR securities, PSU bonds, corporate debentures; bond dynamics (DCF, time value of money, accounting, valuation); bond portfolio management; and green bonds o Interest-Rate Quotations \u0026amp; Market Terminology — Fixed vs floating and simple vs compound interest, yield, premium\/discount, front-end vs rear-end, day-count conventions, and the LIBOR transition o Derivatives | A Detailed Study — Characteristics, functions, and users; futures (currency, bond, stock-index, and futures pricing); FRAs (conventions and pricing); swaps (IRS pricing, types of IRS, currency swaps, RBI guidelines); and a full treatment of options—calls\/puts, European vs American style, moneyness, intrinsic value and premium, binomial-tree pricing, option Greeks, exotic options, and interest-rate options o Treasury Management — Sources of treasury profit; the global scenario (Zero Interest Rate Policy; the impact of oil and gold on treasury operations); RBI measures; scope, functions, assets\/liabilities, and objectives of treasury; organisational structure; and integrated treasury as both cost centre and profit centre o Liquidity Management — Objectives, sources, and deployment of liquidity; CRR (with NDTL computation); SLR (computation, penalties, Form VIII return, cost of maintenance); CCIL (products handled, FX-Clear and FX-Retail, novation and multilateral netting, margins, G-Secs); and RTGS o Risk Analysis and Control — Operational risk and its mitigation; credit and liquidity risk; market risk (event risk and balance-sheet interest-rate risk); RBI risk-management guidelines and norms; and forex\/market risk including open positions and gaps, gap (interest-rate\/swap) risk, and customer credit risk o Front Office\/Mid Office\/Back Office—Dealing functions, the mid-office, back-office operations, operational clarity, documentation, monitoring, settlement of transactions, and investment accounting and internal controls o Regulations, Supervision \u0026amp; Compliance — RBI guidelines on organisational set-up and the dealing room; FIMMDA Handbook extracts (management controls, know-your-counterparty, recorded conversations, off-premise dealing, dealing hours, rate scan, conflicts of interest, dealer rotation, confirmations); dealing procedures and principles (firmness of quotation, passing of names by brokers, NDS reporting, settlement of differences, market disruption); multi-currency balance sheets; and dealing-room ethics and code of conduct o Role of IT in Treasury Management — The Negotiated Dealing System and other trading platforms, STP, settlement and custody, and treasury technology innovations (ERP integration, blockchain)—and why the treasury-technology relationship can no longer be ignored o Annexures — General Principles (internal controls, functional segregation, off-premise dealing, dealing days\/hours, FEDAI market practice) and an extensive Treasury Terminology glossary (SGL and SLR to SOFR, SWIFT, RTGS, vostro accounts, yield curve, YTM, and zero-coupon yield) Book 2 | Risk Management (Paper II) o Module A | Risk and Risk Management Framework (Chapters 1–6) — Why banks are special (intermediation; asset\/liquidity\/information transformation; money creation; monetary-policy transmission); the definition and taxonomy of risk (business vs control, financial vs non-financial) and the interconnectedness of banking risks; the risk-management framework (culture, architecture, organisational structure, policy, appetite and limits, the identify–measure–mitigate–monitor cycle with MIS, and Enterprise Risk Management); ALM and IRRBB with worked duration-gap analysis, stress and back testing; liquidity risk (liquidity vs solvency, forms and drivers, balance-sheet identification and measurement); and emerging themes (embedded-option, reputation, and conduct risk) o Module B | Basel and RBI Guidelines (Chapters 7–13) — Why banks are regulated (the Basel Committee and the Concordat); the evolution from Basel I to Basel III, including lessons from the Global Financial Crisis; regulatory capital and capital adequacy; capital charges for credit risk (Standardised and IRB approaches, off-balance-sheet items, external ratings, credit-risk mitigation), operational risk (Basic Indicator to the New Standardised Approach with Business Indicators, plus climate risk and sustainable finance), and market risk; Pillar 2—the Supervisory Review Process and ICAAP (principles, proportionality, capital planning and allocation), stress testing (sensitivity, scenario, reverse), and the PCA framework; market discipline and disclosure, capital buffers (CCB, CCyB, D-SIBs), the leverage ratio, and liquidity standards (LCR, NSFR); and Risk-Based Supervision and Risk-Based Internal Audit o Module C | Market Risk (Chapters 14–20)—the Book's Centre of Gravity — Market risk and its components; the market-risk management framework and organisational structure; FX risk measurement and management; fixed-income valuation and bond price behaviour (nine price-sensitivity properties, with worked pricing including zero-coupon bonds); interest-rate-risk measurement—PVBP, Duration, Modified Duration, and Convexity (portfolio PVBP and duration, hedging with basis-point value, price-volatility characteristics); Value at Risk—parametric, historical-simulation, and Monte Carlo methodologies with their advantages and limitations—extended to Expected Shortfall, Extreme Value Theory, coherent\/sub-additive risk measures, stress and back testing, and the FRTB shift from VaR to ES for market-risk capital; and equity, commodity, and credit-spread risk o Module D | Derivatives and Risk Management (Chapters 21–25) — Features, uses, and misuse of derivatives (OTC vs exchange-traded, long\/short, Indian markets); forwards (pay-offs, cost-of-carry pricing, the price-vs-value distinction, FRAs); futures (the clearing house, margining and margin calls, the spot–futures relationship, contango vs backwardation, pricing, and interest-rate futures for duration management—e.g., using GOI-bond futures to cut portfolio duration ahead of an expected 50-bp rate rise); options (terminology, calls, puts, pay-offs, pricing, interest-rate options); and swaps (worked IRS cash-flow computation, uses, swaptions, equity and currency swaps, ISDA documentation, and CSA collateralisation) Rather than two loose collections of topics, each volume is built as self-study courseware with a deliberate, repeatable architecture—and the COMBO itself follows a natural two-step progression: master the markets, products, and operations first (Paper I); then master the measurement, regulation, and control of the risks they create (Paper II). Book 1 | A Single Logical Arc — Market foundations ? products ? treasury operations, liquidity, and risk ? dealing-room controls, regulation, and technology, with each block building on the one before. Every chapter opens with a detailed multi-level outline, develops the material through narrative with worked examples, illustrations, tables, and diagrams, and closes with 'Check Your Progress' MCQs and an answer key. Two stand-alone annexures function as an independent desk-reference layer Book 2 | Foundations ? Rules ? Measurement ? Instruments — Module A (what risk is and the framework for managing it) ? Module B (the Basel\/RBI rulebook that constrains those choices) ? Module C (the quantitative core: measuring and pricing market, interest-rate, and FX risk) ? Module D (the derivatives used to hedge and transfer the risks measured in Module C). Every unit repeats the same template: Objective ? Introduction ? numbered sub-sections with worked Illustrations, Solutions, and tables ? Conclusion ? Summary ? Key Definitions\/Keywords ? Terminal Questions (MCQs) ? Answers, with references closing several chapters Interlocking Coverage — The volumes are designed to reinforce each other: o Derivatives are treated from the dealing and pricing perspective in Paper I and from the hedging, capital, and risk-transfer perspective in Paper II o Liquidity appears as day-to-day operations (CRR\/SLR computation, CCIL netting, RTGS) in Paper I and as the regulatory standards (LCR\/NSFR) and liquidity-risk framework in Paper II o Bond mathematics moves from valuation and portfolio management in Paper I to price-sensitivity, duration\/convexity hedging, and VaR in Paper II o Controls scale up from Paper I's front-mid-back office segregation and dealing-room code of conduct to Paper II's enterprise-wide risk architecture, ICAAP, and risk-based supervision and audit Read more\u003c\/p\u003e","brand":"GENRES BSTIN Higher Education Textbooks","offers":[{"title":"Paperback","offer_id":62416200892786,"sku":"B0H873QZGT - PB","price":47.0,"currency_code":"USD","in_stock":true},{"title":"Hardcover","offer_id":62416200925554,"sku":"B0H873QZGT - HB","price":85.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0914\/6889\/0482\/files\/71aNbbeey_L.jpg?v=1790613959","url":"https:\/\/universalreads.com\/products\/taxmanns-combo-for-iibfs-examination-on-treasury-investment-risk-management-dtirm-papers-i-ii-set-of-2-books-2026-edition","provider":"Universal reads","version":"1.0","type":"link"}