Taxmann’s Treasury & Investment Management by IIBF – Edition 2026.

Treasury & Investment Management is the official, IIBF-authorized courseware for Paper I of the Certificate Examination in Treasury, Investment and Risk Management (DTIRM). Comprehensively revised for the 2026 Edition, it offers a complete, front-to-back account of how a modern bank treasury actually works. Written in a structured, self-study style, it carries you from first principles—such as how an exchange rate is quoted—to genuinely advanced material, including pricing interest-rate swaps, computing NDTL for CRR/SLR, and running a rigorous front-mid-back office control framework.

Key Professional & Exam Features

• End-to-End Treasury Coverage: Moves in a single logical progression: Markets → Products → Treasury Operations → Liquidity → Risk → Dealing-Room Controls → Regulation → Technology.

• Benchmark-Reform Ready: Fully updated to explain the LIBOR transition to alternative reference rates (like SOFR) and its practical implications for pricing and product terms.

• Worked Quantitative Treatment: Features step-by-step mathematical treatments for day-count conventions, bond valuation (DCF), option Greeks, and the pricing of futures, FRAs, and currency swaps.

• Regulatory Source Material Built-In: Reproduces and explains RBI guidelines, FEDAI rules, CCIL settlement mechanics, and extracts from the FIMMDA Handbook of Market Practices.

• Built-in Self-Assessment: Every chapter features a detailed sub-section outline and closes with ‘Check Your Progress’ multiple-choice questions supported by diagrams and an answer key.

Comprehensive Syllabus Coverage (DTIRM Paper I)

The book spans the complete spectrum of domestic and global market practices:

• Financial & Money Markets: Roles of RBI, SEBI, IRDAI, CCIL. Instruments including Call Money, CPs, T-Bills, and Tri-party Repos.

• Capital & FX Markets: ADRs/GDRs, Algorithmic Trading, ECBs, Exchange Rate Quotations, and FEDAI guidelines.

• Debt Markets & Fixed Income: G-Secs (Auctions, STRIPS, Bootstrapping), Bond Dynamics, and Portfolio Management.

• Derivatives in Detail: Futures, FRAs, Swaps (IRS), and Options (Pricing models, Binomial tree, Option Greeks, Exotic Options).

• Treasury & Liquidity Management: Zero Interest Rate Policy, Integrated Treasury functions, CRR/SLR computations, and RTGS/CCIL novation.

• Risk Analysis & Controls: Operational, Credit, and Market Risk (Event risk, open positions, swap gaps). Functional segregation of Front, Mid, and Back offices.

• Treasury Technology: Straight-Through Processing (STP), ERP integration, Blockchain, and modern NDS trading platforms.

Who Should Buy This Book?

• DTIRM Examination Candidates using it as their prescribed Paper I courseware.

• Treasury Dealers and Front/Mid/Back Office Staff wanting a unified reference spanning dealing, settlement, accounting, and control.

• Investment Managers & Forex Practitioners seeking applied coverage of fixed-income products and portfolio management.

• Risk, Audit, and Compliance Professionals navigating treasury exposures and the regulatory architecture.

About the Publisher (IIBF)

Established in 1928, the Indian Institute of Banking and Finance (IIBF) is the largest professional body of banks, financial institutions, and their employees in the world, with over 10 lakh members. IIBF is the premier institute in India for banking and finance education, offering renowned qualifications like JAIIB, CAIIB, and DTIRM to develop professionally qualified and competent banking professionals.

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