Sources & References

Where TrezCap's rules come from

Every regulation, market convention, rate source and standard TrezCap applies, the publications behind the methods learners use, and independent reading for each area, each with a link to the publisher's own page so you can check it yourself.

TrezCap is an independent educational platform. It is not affiliated with, endorsed by or approved by any body listed here. Links open the publisher's own website; figures in TrezCap are simulations for learning.

The bank and the companies inside TrezCap's simulations — FinTreasury Bank Ltd, its asset manager and its corporate clients — are fictional. A source listed here shows where a rule or convention comes from; it does not mean any real institution is represented.

Links were checked on 2026-09-29. A publisher can move or update a document; its own website is always the authority. Contents: Regulatory and market sources · Methods · Further reading.

Regulatory and market sources

Indian regulator

Reserve Bank of India (RBI)

Master Direction – Know Your Customer (KYC) Direction, 2016
Master Direction, as updated (latest update seen 14 Aug 2025) · 2016-02-25

Where in TrezCap: Banking practice — account opening and KYC

Customer due diligence for a company account, beneficial ownership, officially valid documents, politically exposed persons and the KYC refresh cycle.

Open source ↗ — verified 2026-09-29

Amendment to Master Direction on KYC – Centralized KYC Registry, Legal Entity Template
RBI/2020-21/80 · 2020-12-18

Where in TrezCap: Banking practice — account opening and KYC

Uploading a company customer's KYC record to the central KYC registry.

Open source ↗ — verified 2026-09-29

Prudential Norms on Capital Adequacy – Current Exposure Method add-on factors (Table 16)
Third Amendment Directions, 2026 (press release 2025-2026/2243) · 2026-03-10

Where in TrezCap: Credit limits — counterparty exposure

How much of a counterparty's credit limit an FX forward or swap uses: the add-on for each remaining-maturity band, and no add-on for contracts of 14 days or less.

The add-on figures were taken from a published reproduction of the revised table; they have not yet been checked against RBI's own notification text.

Open source ↗ — verified 2026-09-29

Master Direction – Risk Management and Inter-Bank Dealings
FMRD Master Direction No. 1/2016-17, as updated · 2016-07-05

Where in TrezCap: FX dealing — dealer conduct and client hedging

Classifying the client, disclosing the mid-market rate before a derivative contract, and hedging a contracted exposure.

Open source ↗ — verified 2026-09-29

Reserve Bank of India (Commercial Banks – Credit Facilities) Directions, 2025
RBI/DOR/2025-26/154 · 2025-11-28

Where in TrezCap: Retail lending — home loans

Loan-to-value ceilings for individual housing loans by loan size, applied as a regulatory limit that no one in the bank can waive.

Open source ↗ — verified 2026-09-29

Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Directions, 2025
RBI/DOR/2025-26/151 · 2025-11-28

Where in TrezCap: Bank risk and capital — capital ratios; Retail lending — home loans

The minimum capital ratios and buffers learners test a bank against, and the loan-to-value table for loans secured by residential property.

Learners are told to check the current RBI text before relying on any ratio; this is that text.

Open source ↗ — verified 2026-09-29

Reserve Bank of India (Commercial Banks – Responsible Business Conduct) Directions, 2025
RBI/DOR/2025-26/170 · 2025-11-28

Where in TrezCap: Retail lending — home loans

Fair lending practice: asking promptly for missing documents and giving the main reasons for a rejection in writing.

Open source ↗ — verified 2026-09-29

Reserve Bank of India (Commercial Banks – Know Your Customer) Directions, 2025
RBI/DOR/2025-26/169 · 2025-11-28

Where in TrezCap: Retail lending — home loans

The identity and address documents an individual borrower provides, and completing KYC before a loan is assessed.

Open source ↗ — verified 2026-09-29

Master Direction – Commercial Paper and Non-Convertible Debentures of original or initial maturity up to one year) Directions, 2024
RBI/FMRD/2023-24/109 · 2024-01-03

Where in TrezCap: Corporate finance — working-capital funding

Whether a company can raise money through commercial paper: minimum denomination, tenor and credit rating.

Open source ↗ — verified 2026-09-29

Master Direction – Reserve Bank of India (Repurchase Transactions (Repo)) Directions, 2025
RBI/FMRD/2025-26/142 · 2025-11-11

Where in TrezCap: Money markets — repo and reverse repo

How a repo is dealt and settled: interest on the first-leg cash, a haircut agreed between the parties, borrowing versus lending cash.

Open source ↗ — verified 2026-09-29

Government Securities Market in India – A Primer
RBI FAQ

Where in TrezCap: Bond analytics — yield, price and accrued interest

Day-count conventions: 30/360 for government bonds and actual/365 for Treasury Bills.

Open source ↗ — verified 2026-09-29

Holidays under the Negotiable Instruments Act – Regional Office: Mumbai
RBI holiday list

Where in TrezCap: FX dealing — spot and forward value dates

Indian rupee settlement holidays, which decide spot, forward and settlement dates for every rupee currency pair.

Dates for a year the RBI has not yet notified are shown as provisional.

Open source ↗ — verified 2026-09-29

RBI regulatory framework for banks (asset classification, reserve requirements, liquidity facilities, loan pricing)
General — no single document

Where in TrezCap: Banking Academy — lessons and questions

How Indian banks are regulated: special-mention and non-performing loan stages, CRR and SLR, repo and liquidity facilities, and external-benchmark loan pricing. Current rates are deliberately not quoted.

General practice across many RBI documents; the link is the RBI's index of Master Directions.

Open source ↗ — verified 2026-09-29

Securities and Exchange Board of India (SEBI)

Categorization and Rationalization of Mutual Fund Schemes
SEBI circular, October 2017 · 2017-10-06

Where in TrezCap: Mutual funds — scheme categories

The mutual fund categories and what each must hold, for example large-cap holdings and the tax-saving scheme's three-year lock-in.

Open source ↗ — verified 2026-09-29

Risk management framework for liquid and overnight funds and norms governing investment in short term deposits
SEBI circular · 2019-09-20

Where in TrezCap: Mutual funds — exit loads

The graded exit load on liquid funds for redemptions in the first week, charged on practice redemptions.

Open source ↗ — verified 2026-09-29

SEBI (Mutual Funds) Regulations, 1996
Regulations, as amended

Where in TrezCap: Mutual funds — costs and expense ratios

Expense-ratio limits that fall as a scheme grows, and why a Direct plan costs less than a Regular plan.

Open source ↗ — verified 2026-09-29

Master Circular for Mutual Funds
SEBI Master Circular · 2024-06-27

Where in TrezCap: Mutual funds — orders, NAV and risk labels

NAV cut-off times, when units are allotted, and the riskometer label on each scheme.

SEBI's consolidated circular for mutual funds is linked for these conventions.

Open source ↗ — verified 2026-09-29

Clarification on aspects related to day count convention for debt securities
SEBI circular, November 2016

Where in TrezCap: Bond analytics — yield, price and accrued interest

The actual/actual day count used for listed corporate bonds.

Open source ↗ — verified 2026-09-29

SEBI — regulator of India's securities markets
General

Where in TrezCap: Capital Markets Academy — regulators and market participants

Who regulates exchanges, intermediaries, listed companies and mutual funds in India.

Open source ↗ — verified 2026-09-29

Deposit Insurance and Credit Guarantee Corporation (DICGC)

DICGC deposit insurance
General

Where in TrezCap: Banking Academy — deposits

Lessons on deposit insurance cover per depositor per bank.

Open source ↗ — verified 2026-09-29

Financial Intelligence Unit – India (FIU-IND)

FIU-IND Frequently Asked Questions

Where in TrezCap: Banking practice — account opening and KYC

When a suspicious transaction report is filed, and the cash and cross-border reporting thresholds.

Open source ↗ — verified 2026-09-29

Indian market body

Foreign Exchange Dealers' Association of India (FEDAI)

FEDAI Rules, 10th edition (effective 1 April 2019, updated to 5 April 2024)
Rules 1.1, 1.2, 1.4, 5.2, 8.09, 8.12 · 2024-04-05

Where in TrezCap: FX dealing — holidays, settlement and market hours

Where an open rupee deal settles when a holiday is declared (known or sudden; interbank, merchant or option), and the interbank market's dealing hours.

Open source ↗ — verified 2026-09-29

FEDAI Addendum to the FX Global Code (FX Code of Conduct 2017)
2017-08-28

Where in TrezCap: FX dealing — dealer conduct and client hedging

Handling late deals, off-market rates and after-hours dealing.

FEDAI's page for the Code and its statements of commitment is linked as the authority.

Open source ↗ — verified 2026-09-29

Financial Benchmarks India Pvt Ltd (FBIL)

FBIL USD/INR Reference Rate

Where in TrezCap: FX dealing — non-deliverable forwards

The fixing a USD/INR non-deliverable forward settles against, taken two Mumbai business days before settlement.

Open source ↗ — verified 2026-09-29

FBIL Forward Premia and MIFOR curves — methodology

Where in TrezCap: FX dealing — forward pricing

Quoting a USD/INR forward as a premium over spot, interpolated between standard tenors; the rupee rate curve is named MIFOR, as in the market.

Curve levels in TrezCap are simulated, not FBIL's published rates.

Open source ↗ — verified 2026-09-29

Fixed Income Money Market and Derivatives Association of India (FIMMDA)

FIMMDA — government securities valuation and market conventions
General market practice

Where in TrezCap: Bond analytics — yield, price and accrued interest

The Indian government-bond yield convention on 30/360.

Open source ↗ — verified 2026-09-29

Clearing Corporation of India Ltd (CCIL)

CCIL holiday list 2026

Where in TrezCap: FX dealing — spot and forward value dates

Cross-check of Indian rupee settlement holidays.

Open source ↗ — verified 2026-09-29

CCIL — central counterparty for government securities, forex and repo; trade repository
General market practice

Where in TrezCap: Treasury operations — clearing, collateral and regulatory reporting

CCIL as the clearing house and margin counterparty, the trade repository for reporting derivatives, and lessons on Indian post-trade.

Open source ↗ — verified 2026-09-29

Association of Mutual Funds in India (AMFI)

AMFI — the mutual fund industry body
General

Where in TrezCap: Finance & Investment Academy — mutual funds

Why SEBI regulates mutual funds while AMFI, the industry body, registers distributors and runs investor education.

Open source ↗ — verified 2026-09-29

National Stock Exchange of India (NSE)

SEBI turnover fees, STT and other levies

Where in TrezCap: Equity trading — contract notes and charges

The charges on every practice equity trade: exchange transaction charge, SEBI turnover fee, securities transaction tax, stamp duty and GST.

Rates change with regulation and exchange circulars; the exchange's own page is the authority for the current rates.

Open source ↗ — verified 2026-09-29

Revision in Transaction Charges (cash market and equity derivatives)
Circular NSE/FA/73061 · 2026-02-27

Where in TrezCap: Equity trading — contract notes and charges

The exchange transaction charge on every practice equity trade: Rs 307 per crore of traded value on each side, in force from 1 March 2026.

Open source ↗ — verified 2026-09-29

NSE — listed equities, order-book trading and settlement
General market practice

Where in TrezCap: Equity trading — markets and settlement

Real listed-company symbols on the practice equity screens, and lessons on price-time priority and T+1 settlement.

Prices shown for listed companies are simulated, not exchange data.

Open source ↗ — could not be checked automatically

BSE Ltd

BSE — one of India's two primary stock exchanges
General

Where in TrezCap: Capital Markets Academy — regulators and market participants

Lessons on India's exchanges and market structure.

Open source ↗ — verified 2026-09-29

NSE Indices Ltd

NIFTY indices

Where in TrezCap: Mutual funds — scheme benchmarks

The benchmark index named for each fund category. Only index names are used, not index levels.

Open source ↗ — verified 2026-09-29

National Payments Corporation of India (NPCI)

NPCI — UPI, IMPS and RuPay
General

Where in TrezCap: Banking Academy — payments and cards

Lessons on India's retail payment rails and domestic card network.

Open source ↗ — could not be checked automatically

Indian legislation

Government of India (FIU-IND)

Prevention of Money-laundering Act, 2002
Act, as amended

Where in TrezCap: Banking practice — account opening and KYC

Keeping customer and reporting information confidential.

Open source ↗ — verified 2026-09-29

Government of India (Ministry of Finance)

Prevention of Money-laundering (Maintenance of Records) Amendment Rules, 2023
2023-03-07

Where in TrezCap: Banking practice — account opening and KYC

The beneficial-ownership threshold for a company and the definition of a politically exposed person.

Open source ↗ — verified 2026-09-29

Government of India

Micro, Small and Medium Enterprises Development Act, 2006
Act 27 of 2006

Where in TrezCap: Corporate finance — working-capital funding

The limit on how long a buyer may take to pay a micro or small supplier.

Open source ↗ — could not be checked automatically

Factoring Regulation Act, 2011

Where in TrezCap: Corporate finance — working-capital funding

The law under which a factoring company is registered with the RBI.

Open source ↗ — could not be checked automatically

Global standard setter

Basel Committee on Banking Supervision (BCBS / BIS)

Basel III: The Liquidity Coverage Ratio and liquidity risk monitoring tools
BCBS 238 · 2013-01

Where in TrezCap: Liquidity — LCR

The liquidity coverage ratio: liquid assets against 30-day stressed outflows by funding source.

Open source ↗ — verified 2026-09-29

Basel III: the net stable funding ratio
BCBS 295 · 2014-10

Where in TrezCap: Liquidity — NSFR

The net stable funding ratio, including how repos and reverse repos count by residual maturity.

Open source ↗ — verified 2026-09-29

The standardised approach for measuring counterparty credit risk exposures (SA-CCR)
BCBS 279 · 2014-03

Where in TrezCap: Bank risk and capital — counterparty credit risk; Credit limits — counterparty exposure

Exposure at default for derivatives from replacement cost and potential future exposure, with and without netting and collateral.

Open source ↗ — verified 2026-09-29

Basel III: A global regulatory framework for more resilient banks and banking systems
BCBS 189 · 2011-06

Where in TrezCap: Bank risk and capital — capital ratios and leverage

The capital stack, the conservation buffer and the leverage ratio.

Open source ↗ — verified 2026-09-29

International Convergence of Capital Measurement and Capital Standards (Basel II)
BCBS 128 · 2006-06

Where in TrezCap: Bank risk and capital — operational risk

Operational-risk capital under the Basic Indicator and Standardised approaches.

Open source ↗ — verified 2026-09-29

Global Foreign Exchange Committee (GFXC)

FX Global Code (updated edition)
2025-01-24

Where in TrezCap: FX dealing — dealer conduct and client hedging

Conflicts of interest, fair mark-up, separation of duties, credit limits and record keeping.

Open source ↗ — verified 2026-09-29

International Organization of Securities Commissions (IOSCO)

IOSCO — international principles for securities regulation
General

Where in TrezCap: Capital Markets Academy — regulators and market participants

Lessons on the international principles national securities regulators implement.

Open source ↗ — verified 2026-09-29

International Chamber of Commerce (ICC)

Uniform Customs and Practice for Documentary Credits (UCP 600)
UCP 600

Where in TrezCap: Banking Academy — trade finance

Lessons on documentary credits.

UCP 600 is published by the ICC; the ICC's own site is linked.

Open source ↗ — verified 2026-09-29

International Swaps and Derivatives Association (ISDA)

ISDA Master Agreement and Credit Support Annex
General market practice

Where in TrezCap: Credit limits — counterparty exposure; Collateral and margin

Netting of exposures only where a netting agreement is in place, and the margin terms agreed with each counterparty.

Open source ↗ — verified 2026-09-29

SWIFT

SWIFT MT message types (MT103, MT202, MT300)
General market practice

Where in TrezCap: Treasury operations — settlement instructions and confirmations

The payment and confirmation message a real desk would send for each settlement.

Open source ↗ — could not be checked automatically

ISO 20022

ISO 20022 financial messaging standard
ISO 20022

Where in TrezCap: Banking Academy — payments; post-trade

Lessons on the common message standard for payments and post-trade.

Open source ↗ — could not be checked automatically

Accounting standard setter

IFRS Foundation (IASB)

IFRS 9 Financial Instruments
IFRS 9, para 6.4.1(b)

Where in TrezCap: Corporate treasury — hedge booking

Recording a hedge's formal designation at inception: instrument, hedged item, risk, hedge ratio, who and when.

Open source ↗ — verified 2026-09-29

Ministry of Corporate Affairs / ICAI (Ind AS)

Indian Accounting Standards (Ind AS), including Ind AS 109 Financial Instruments
Ind AS 109

Where in TrezCap: Corporate treasury — hedge booking; Accounting lessons

The Indian counterpart of the IFRS 9 hedge designation, and lessons comparing Ind AS with earlier Indian standards. The text of the standards is not quoted.

Open source ↗ — could not be checked automatically

Data provider

European Central Bank (ECB)

Euro foreign exchange reference rates

Where in TrezCap: FX valuation — reference rates

The daily reference rate for each currency pair, used to value FX positions and hedges, and to show how current a rate is.

Open source ↗ — verified 2026-09-29

T2 (TARGET) closing days

Where in TrezCap: FX dealing — spot and forward value dates

Euro settlement holidays, and the days on which a new ECB reference rate is expected.

Open source ↗ — verified 2026-09-29

Frankfurter

Frankfurter — open service publishing ECB reference rates

Where in TrezCap: FX valuation — reference rates

Delivers the ECB reference rates above; only the ECB's own fixing is accepted.

The ECB is the authority for the rates.

Open source ↗ — verified 2026-09-29

Official holiday calendar

Reserve Bank of India (RBI)

Master Direction – Know Your Customer (KYC) Direction, 2016
Master Direction, as updated (latest update seen 14 Aug 2025) · 2016-02-25

Where in TrezCap: Banking practice — account opening and KYC

Customer due diligence for a company account, beneficial ownership, officially valid documents, politically exposed persons and the KYC refresh cycle.

Open source ↗ — verified 2026-09-29

Amendment to Master Direction on KYC – Centralized KYC Registry, Legal Entity Template
RBI/2020-21/80 · 2020-12-18

Where in TrezCap: Banking practice — account opening and KYC

Uploading a company customer's KYC record to the central KYC registry.

Open source ↗ — verified 2026-09-29

Prudential Norms on Capital Adequacy – Current Exposure Method add-on factors (Table 16)
Third Amendment Directions, 2026 (press release 2025-2026/2243) · 2026-03-10

Where in TrezCap: Credit limits — counterparty exposure

How much of a counterparty's credit limit an FX forward or swap uses: the add-on for each remaining-maturity band, and no add-on for contracts of 14 days or less.

The add-on figures were taken from a published reproduction of the revised table; they have not yet been checked against RBI's own notification text.

Open source ↗ — verified 2026-09-29

Master Direction – Risk Management and Inter-Bank Dealings
FMRD Master Direction No. 1/2016-17, as updated · 2016-07-05

Where in TrezCap: FX dealing — dealer conduct and client hedging

Classifying the client, disclosing the mid-market rate before a derivative contract, and hedging a contracted exposure.

Open source ↗ — verified 2026-09-29

Reserve Bank of India (Commercial Banks – Credit Facilities) Directions, 2025
RBI/DOR/2025-26/154 · 2025-11-28

Where in TrezCap: Retail lending — home loans

Loan-to-value ceilings for individual housing loans by loan size, applied as a regulatory limit that no one in the bank can waive.

Open source ↗ — verified 2026-09-29

Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Directions, 2025
RBI/DOR/2025-26/151 · 2025-11-28

Where in TrezCap: Bank risk and capital — capital ratios; Retail lending — home loans

The minimum capital ratios and buffers learners test a bank against, and the loan-to-value table for loans secured by residential property.

Learners are told to check the current RBI text before relying on any ratio; this is that text.

Open source ↗ — verified 2026-09-29

Reserve Bank of India (Commercial Banks – Responsible Business Conduct) Directions, 2025
RBI/DOR/2025-26/170 · 2025-11-28

Where in TrezCap: Retail lending — home loans

Fair lending practice: asking promptly for missing documents and giving the main reasons for a rejection in writing.

Open source ↗ — verified 2026-09-29

Reserve Bank of India (Commercial Banks – Know Your Customer) Directions, 2025
RBI/DOR/2025-26/169 · 2025-11-28

Where in TrezCap: Retail lending — home loans

The identity and address documents an individual borrower provides, and completing KYC before a loan is assessed.

Open source ↗ — verified 2026-09-29

Master Direction – Commercial Paper and Non-Convertible Debentures of original or initial maturity up to one year) Directions, 2024
RBI/FMRD/2023-24/109 · 2024-01-03

Where in TrezCap: Corporate finance — working-capital funding

Whether a company can raise money through commercial paper: minimum denomination, tenor and credit rating.

Open source ↗ — verified 2026-09-29

Master Direction – Reserve Bank of India (Repurchase Transactions (Repo)) Directions, 2025
RBI/FMRD/2025-26/142 · 2025-11-11

Where in TrezCap: Money markets — repo and reverse repo

How a repo is dealt and settled: interest on the first-leg cash, a haircut agreed between the parties, borrowing versus lending cash.

Open source ↗ — verified 2026-09-29

Government Securities Market in India – A Primer
RBI FAQ

Where in TrezCap: Bond analytics — yield, price and accrued interest

Day-count conventions: 30/360 for government bonds and actual/365 for Treasury Bills.

Open source ↗ — verified 2026-09-29

Holidays under the Negotiable Instruments Act – Regional Office: Mumbai
RBI holiday list

Where in TrezCap: FX dealing — spot and forward value dates

Indian rupee settlement holidays, which decide spot, forward and settlement dates for every rupee currency pair.

Dates for a year the RBI has not yet notified are shown as provisional.

Open source ↗ — verified 2026-09-29

RBI regulatory framework for banks (asset classification, reserve requirements, liquidity facilities, loan pricing)
General — no single document

Where in TrezCap: Banking Academy — lessons and questions

How Indian banks are regulated: special-mention and non-performing loan stages, CRR and SLR, repo and liquidity facilities, and external-benchmark loan pricing. Current rates are deliberately not quoted.

General practice across many RBI documents; the link is the RBI's index of Master Directions.

Open source ↗ — verified 2026-09-29

Clearing Corporation of India Ltd (CCIL)

CCIL holiday list 2026

Where in TrezCap: FX dealing — spot and forward value dates

Cross-check of Indian rupee settlement holidays.

Open source ↗ — verified 2026-09-29

CCIL — central counterparty for government securities, forex and repo; trade repository
General market practice

Where in TrezCap: Treasury operations — clearing, collateral and regulatory reporting

CCIL as the clearing house and margin counterparty, the trade repository for reporting derivatives, and lessons on Indian post-trade.

Open source ↗ — verified 2026-09-29

European Central Bank (ECB)

Euro foreign exchange reference rates

Where in TrezCap: FX valuation — reference rates

The daily reference rate for each currency pair, used to value FX positions and hedges, and to show how current a rate is.

Open source ↗ — verified 2026-09-29

T2 (TARGET) closing days

Where in TrezCap: FX dealing — spot and forward value dates

Euro settlement holidays, and the days on which a new ECB reference rate is expected.

Open source ↗ — verified 2026-09-29

Board of Governors of the Federal Reserve System

Holidays observed by the Federal Reserve System

Where in TrezCap: FX dealing — spot and forward value dates

US dollar settlement holidays: a US holiday on the spot date moves spot to the next good day.

Open source ↗ — verified 2026-09-29

UK Government (GOV.UK)

UK bank holidays

Where in TrezCap: FX dealing — spot and forward value dates

Sterling settlement holidays.

Open source ↗ — verified 2026-09-29

Bank of Japan

Bank of Japan holidays

Where in TrezCap: FX dealing — spot and forward value dates

Japanese yen settlement holidays.

Open source ↗ — verified 2026-09-29

NSW Government

NSW public holidays

Where in TrezCap: FX dealing — spot and forward value dates

Australian dollar settlement holidays (Sydney).

Open source ↗ — verified 2026-09-29

Australian Financial Markets Association (AFMA)

AFMA Market Notice 2026_06 — NSW public holidays
Market Notice 2026_06

Where in TrezCap: FX dealing — spot and forward value dates

Which Sydney holidays are not Australian dollar value dates.

Open source ↗ — verified 2026-09-29

Payments Canada

System closure schedule

Where in TrezCap: FX dealing — spot and forward value dates

Canadian dollar settlement holidays.

Open source ↗ — verified 2026-09-29

LCH Ltd (LSEG)

LCH Ltd currency holiday calendar 2026

Where in TrezCap: FX dealing — spot and forward value dates

The FX market's treatment of two Ontario holidays as Canadian dollar holidays.

Open source ↗ — verified 2026-09-29

Ministry of Manpower, Singapore

Public holidays in Singapore

Where in TrezCap: FX dealing — spot and forward value dates

Singapore dollar settlement holidays.

Open source ↗ — verified 2026-09-29

Hong Kong SAR Government (GovHK)

General holidays in Hong Kong

Where in TrezCap: FX dealing — spot and forward value dates

Hong Kong dollar settlement holidays.

The same site publishes the following year's list.

Open source ↗ — verified 2026-09-29

Drik Panchang (published almanac)

Indian festival calendar (summary source for provisional dates only)

Where in TrezCap: FX dealing — spot and forward value dates

Provisional festival dates for a year the RBI has not yet notified.

A secondary summary, not an authority; every date taken from it is shown as provisional.

Open source ↗ — verified 2026-09-29

Professional body

National Institute of Securities Markets (NISM)

NISM certification examinations (Series V-A, VII, VIII, X-A, XII)

Where in TrezCap: Syllabus alignment — NISM series

An independent, unofficial mapping of TrezCap topics to the subject areas of these certifications. No NISM certification is issued by TrezCap.

Open source ↗ — verified 2026-09-29

Indian Institute of Banking & Finance (IIBF)

JAIIB Rules & Syllabus 2026
2026-02-23

Where in TrezCap: Syllabus alignment — JAIIB

The syllabus headings TrezCap's JAIIB topic mapping was checked against. Not official study material.

Open source ↗ — verified 2026-09-29

CAIIB Rules & Syllabus 2026 (compulsory papers and electives)
2026-02-23

Where in TrezCap: Syllabus alignment — CAIIB

The syllabus headings TrezCap's CAIIB topic mapping was checked against. Not official study material.

Open source ↗ — verified 2026-09-29

CFA Institute

CFA Program — Level I topic areas

Where in TrezCap: Syllabus alignment — CFA Level I

An independent, unofficial mapping of TrezCap topics to the public topic-area names of CFA Level I. No exam credit. CFA® is CFA Institute's mark.

Open source ↗ — verified 2026-09-29

Global Association of Risk Professionals (GARP)

FRM Part I — topic areas

Where in TrezCap: Syllabus alignment — FRM Part I

An independent, unofficial mapping of TrezCap topics to the parts FRM Part I is organised around. No exam credit.

Open source ↗ — verified 2026-09-29

Market practice (bank publication)

Bank of Baroda

How much home loan can I get as a salaried employee?
2023-06-05

Where in TrezCap: Retail lending — home loans

Shows that the repayment-to-income limit is set by each bank's own credit policy rather than by regulation.

Market practice, not regulation. The fictional bank's own policy is its own.

Open source ↗ — verified 2026-09-29

HDFC Bank

Home loans for the self-employed and professionals

Where in TrezCap: Retail lending — home loans

How a self-employed applicant's income documents differ from a salaried applicant's.

Market practice, not regulation.

Open source ↗ — verified 2026-09-29

Methods and their original publications

The quantitative methods learners use in TrezCap, credited to the publications that introduced them.

DOI (Digital Object Identifier) is the permanent identifier of a published paper; the link opens it on the publisher's site.

Black-Scholes option pricing

Fischer Black and Myron Scholes (1973). The Pricing of Options and Corporate Liabilities. Journal of Political Economy, 81(3), 637–654. DOI 10.1086/260062

Where learners meet it: Derivatives — option premiums, Greeks and implied volatility

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Option pricing with a continuous dividend yield (Black-Scholes-Merton)

Robert C. Merton (1973). Theory of Rational Option Pricing. The Bell Journal of Economics and Management Science, 4(1), 141–183. DOI 10.2307/3003143

Where learners meet it: Derivatives — equity and index options

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Garman-Kohlhagen currency option pricing

Mark B. Garman and Steven W. Kohlhagen (1983). Foreign currency option values. Journal of International Money and Finance, 2(3), 231–237. DOI 10.1016/S0261-5606(83)80001-1

Where learners meet it: FX options — premiums and Greeks

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Mean-variance portfolio selection

Harry Markowitz (1952). Portfolio Selection. The Journal of Finance, 7(1), 77–91. DOI 10.1111/j.1540-6261.1952.tb01525.x

Where learners meet it: Portfolio building — diversification and the efficient frontier

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Capital Asset Pricing Model (CAPM)

William F. Sharpe (1964). Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk. The Journal of Finance, 19(3), 425–442. DOI 10.1111/j.1540-6261.1964.tb02865.x

Where learners meet it: Corporate finance — cost of equity; Portfolio building — beta

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Sharpe ratio

William F. Sharpe (1966). Mutual Fund Performance. The Journal of Business, 39(S1), 119–138. DOI 10.1086/294846

Where learners meet it: Portfolio building — risk-adjusted return

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Treynor ratio

Jack L. Treynor (1965). How to Rate Management of Investment Funds. Harvard Business Review, 43(1)

Where learners meet it: Portfolio building — risk-adjusted return

No public link — no public link given

Jensen's alpha

Michael C. Jensen (1968). The Performance of Mutual Funds in the Period 1945–1964. The Journal of Finance, 23(2), 389–416. DOI 10.1111/j.1540-6261.1968.tb00815.x

Where learners meet it: Portfolio building — performance against a benchmark

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Sortino ratio (downside risk)

Frank A. Sortino and Lee N. Price (1994). Performance Measurement in a Downside Risk Framework. The Journal of Investing, 3(3), 59–64. DOI 10.3905/joi.3.3.59

Where learners meet it: Portfolio building — risk-adjusted return

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Brinson-Fachler performance attribution

Gary P. Brinson and Nimrod Fachler (1985). Measuring non-US equity portfolio performance. The Journal of Portfolio Management, 11(3), 73–76. DOI 10.3905/jpm.1985.409005

Where learners meet it: Portfolio analytics — allocation and selection effects

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Macaulay duration

Frederick R. Macaulay (1938). Some Theoretical Problems Suggested by the Movements of Interest Rates, Bond Yields and Stock Prices in the United States since 1856. National Bureau of Economic Research (book)

Where learners meet it: Bond analytics — duration and interest-rate sensitivity; Mutual funds — debt fund categories

Open ↗ — verified 2026-09-29

Parametric (variance-covariance) value at risk

J.P. Morgan / Reuters (1996). RiskMetrics — Technical Document, fourth edition. J.P. Morgan / Reuters

Where learners meet it: Market risk — value at risk

Open ↗ — verified 2026-09-29

Expected shortfall

Carlo Acerbi and Dirk Tasche (2002). On the coherence of expected shortfall. Journal of Banking & Finance, 26(7), 1487–1503. DOI 10.1016/S0378-4266(02)00283-2

Where learners meet it: Market risk — tail loss beyond value at risk

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Box-Muller transform (normal random numbers)

G. E. P. Box and Mervin E. Muller (1958). A Note on the Generation of Random Normal Deviates. The Annals of Mathematical Statistics, 29(2), 610–611. DOI 10.1214/aoms/1177706645

Where learners meet it: Market risk — simulated scenarios; Mutual funds — simulated NAV paths

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Relative Strength Index (RSI)

J. Welles Wilder Jr. (1978). New Concepts in Technical Trading Systems. Book

Where learners meet it: Technical analysis — momentum indicators

No public link — no public link given

Moving Average Convergence Divergence (MACD)

Gerald Appel. MACD indicator. Attributed to its originator; no single original publication is cited

Where learners meet it: Technical analysis — trend indicators

No public link — no public link given

Bollinger Bands

John Bollinger. Bollinger Bands. The originator's own site

Where learners meet it: Technical analysis — volatility bands

Open ↗ — verified 2026-09-29

Gordon growth (constant-growth dividend) model

Myron J. Gordon and Eli Shapiro (1956). Capital Equipment Analysis: The Required Rate of Profit. Management Science, 3(1), 102–110. DOI 10.1287/mnsc.3.1.102

Where learners meet it: Corporate finance — valuation and dividend policy

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Walter's dividend model

James E. Walter (1956). Dividend Policies and Common Stock Prices. The Journal of Finance, 11(1), 29–41. DOI 10.1111/j.1540-6261.1956.tb00684.x

Where learners meet it: Corporate finance — dividend policy

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Modigliani-Miller dividend irrelevance

Merton H. Miller and Franco Modigliani (1961). Dividend Policy, Growth, and the Valuation of Shares. The Journal of Business, 34(4), 411–433. DOI 10.1086/294442

Where learners meet it: Corporate finance — dividend policy

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Hamada levered beta

Robert S. Hamada (1972). The Effect of the Firm's Capital Structure on the Systematic Risk of Common Stocks. The Journal of Finance, 27(2), 435–452. DOI 10.1111/j.1540-6261.1972.tb00971.x

Where learners meet it: Corporate finance — cost of capital and capital structure

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Economic order quantity (EOQ)

Ford W. Harris (1913). How Many Parts to Make at Once (reprinted in Operations Research, 1990). Factory, The Magazine of Management (1913); Operations Research, 38(6), 947–950 (1990 reprint). DOI 10.1287/opre.38.6.947

Where learners meet it: Corporate finance — working capital and inventory

Open original paper ↗ — DOI confirmed in the Crossref registry 2026-09-29

Covered interest parity

John Maynard Keynes (1923). A Tract on Monetary Reform. Book

Where learners meet it: FX dealing — forward pricing

The parity condition is widely credited to Keynes's discussion of forward exchange in this book.

No public link — no public link given

Further reading by module

Independent further reading. TrezCap's lessons are written by TrezCap in its own words; these titles are not sources of TrezCap's content and their publishers do not endorse TrezCap.

Options, Futures, and Other Derivatives (Book)

John C. Hull — Pearson

Module area: Treasury Academy; Derivatives & FX course

Open ↗ — verified 2026-09-29

An Introduction to Repo Markets (Book)

Moorad Choudhry — Wiley

Module area: Treasury Academy — money markets and repo

Open ↗ — verified 2026-09-29

RBI financial education (Official education page)

Reserve Bank of India — Reserve Bank of India

Module area: Treasury Academy; Banking Academy

Open ↗ — verified 2026-09-29

Investments (Book)

Zvi Bodie, Alex Kane and Alan J. Marcus — McGraw Hill

Module area: Finance & Investment Academy — portfolio building

Open ↗ — verified 2026-09-29

SEBI investor website (Official education page)

Securities and Exchange Board of India — SEBI

Module area: Finance & Investment Academy; Capital Markets Academy

Open ↗ — verified 2026-09-29

AMFI investor corner (Official education page)

Association of Mutual Funds in India — AMFI

Module area: Finance & Investment Academy — mutual funds and SIP

Open ↗ — verified 2026-09-29

CFA Program (Official programme page)

CFA Institute — CFA Institute

Module area: Finance & Investment Academy — CFA Level I alignment

Open ↗ — verified 2026-09-29

JAIIB and CAIIB official courseware and syllabi (Official programme page)

Indian Institute of Banking & Finance — IIBF

Module area: Banking Academy — JAIIB and CAIIB alignment

Open ↗ — verified 2026-09-29

NISM certification examinations and workbooks (Official programme page)

National Institute of Securities Markets — NISM

Module area: Capital Markets Academy — NISM alignment

Open ↗ — verified 2026-09-29

Principles of Corporate Finance (Book)

Richard A. Brealey, Stewart C. Myers, Franklin Allen and Alex Edmans — McGraw Hill

Module area: Corporate Finance course

Open ↗ — verified 2026-09-29

Damodaran Online (Author's site)

Aswath Damodaran — NYU Stern School of Business

Module area: Corporate Finance course — valuation; Capital Markets Academy — valuation

Open ↗ — verified 2026-09-29

The Basel Framework (Official standard)

Basel Committee on Banking Supervision — Bank for International Settlements

Module area: Risk Management course

Open ↗ — verified 2026-09-29

FRM certification (Official programme page)

Global Association of Risk Professionals — GARP

Module area: Risk Management course — FRM alignment

Open ↗ — verified 2026-09-29

IFRS Accounting Standards (Official standard)

IFRS Foundation — IFRS Foundation

Module area: Accounting course — reporting standards

Open ↗ — verified 2026-09-29

The Institute of Chartered Accountants of India (Official professional body)

ICAI — ICAI

Module area: Accounting course; Cost & Tax course

Open ↗ — verified 2026-09-29

CBIC GST portal (Official portal)

Central Board of Indirect Taxes and Customs — Government of India

Module area: Cost & Tax course — GST law and practice

Open ↗ — verified 2026-09-29

Income Tax Department (Official portal)

Income Tax Department — Government of India

Module area: Cost & Tax course — income tax for business

Open ↗ — could not be checked automatically

BABOK Guide (A Guide to the Business Analysis Body of Knowledge) (Official standard)

International Institute of Business Analysis — IIBA

Module area: BFSI BA / Product Owner Academy

Open ↗ — verified 2026-09-29

The Scrum Guide (Official guide)

Ken Schwaber and Jeff Sutherland — scrumguides.org

Module area: BFSI BA / Product Owner Academy — product ownership

Open ↗ — verified 2026-09-29

AI Risk Management Framework (Official framework)

National Institute of Standards and Technology — NIST

Module area: Applied AI for Finance & Banking

Open ↗ — verified 2026-09-29

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