B.Com. (Financial Markets) Treasury Management Syllabus - Mumbai University

Module I: Introduction to Treasury Management Treasury Management - Meaning, benefits, functions, scope, and challenges Structure and Organisation of Treasury Management Roles and Responsibilities of Treasury Management Department Liquidity Management in Treasuries – Cash Forecasting Treasury Operations - Fund allocation, capital management, and financial decision making

Module II: Classification of treasury market and Treasury Services Domestic Treasury Market, International Treasury - Features, products, dimensions, ideal ticket size, regulatory framework Treasury Services - Bank Treasury, Government Treasury, Corporate Treasury Functions, Importance and Applications International Bond market - Types of bonds, Market Structure, Regulatory Framework, Recent Developments

Module III: Cross Currency forwards, present and future value Calculation of premium, discount etc, pre utlisation of contracts Exchange rate movement- volatility of major currencies Exchange rate and interest rate arbitrage- NDF Markets Cross Currency futures FEDAI Guidelines for merchant quotes Bid rate and Ask rate Practical sums on currency exchange

Module IV: Treasury Risk Management

• Risk Management Framework - Policies, governance, and compliance (Basel III, IFRS 9).
• Exposure Limits - Managing intraday, day-end, and overnight positions; algorithmic limit orders.
• Position Mismatch & Risk Limits - Gap analysis, stress testing, stop-loss limits, and VaR modeling.
• Risk Mitigation - AI-driven analytics, predictive modeling, blockchain security, Treasury management system (TMS), real-time liquidity tracking, and cyber risk controls. 10 Reference Books:
• Foreign Exchange and Treasury Management – A.V. Rajwade (Tata McGraw-Hill) The Handbook of Global Corporate Treasury – Rajiv Rajendra (Wiley India) Treasury and Risk Management in Banks – N. S. Toor (Skylark Publications) Treasury Management – Indian Institute of Banking & Finance (IIBF) (Macmillan Publishers India) Treasury Management – Steven M Bragg (Wiley Publications) Treasury Management an Introduction to Forex and Derivatives - Raj Kumar Sharma Treasury Management in India - Dr. V.A. Avadhani (Himalaya Publishing House Pvt.)
• Theory and Practice of Forex and Treasury Management – The Institute of Chartered Accountants of India (ICAI)
• Financial, Treasury and Forex Management – The Institute of Company Secretaries of India (ICSI) 11 Internal Continuous Assessment: 40% External, Semester End Examination 60% Individual Passing in Internal and External Examination 12 Continuous Evaluation through: Quizzes, Class Tests, presentation, project, role play, creative writing, assignment etc. Theory Exam (at least 4)

Reference Books

• Foreign Exchange and Treasury Management – A.V. Rajwade (Tata McGraw-Hill)
• The Handbook of Global Corporate Treasury – Rajiv Rajendra (Wiley India)
• Treasury and Risk Management in Banks – N. S. Toor (Skylark Publications)
• Treasury Management – Indian Institute of Banking & Finance (IIBF) (Macmillan Publishers India)
• Treasury Management – Steven M Bragg (Wiley Publications)
• Treasury Management an Introduction to Forex and Derivatives - Raj Kumar Sharma
• Treasury Management in India - Dr. V.A. Avadhani (Himalaya Publishing House Pvt.)
• 1 Theory and Practice of Forex and Treasury Management – The Institute of Chartered Accountants of India (ICAI)
• 2 Financial, Treasury and Forex Management – The Institute of Company Secretaries of India (ICSI)