Numericals Master · CAIIB · BFM

BFM Numericals Solved

Every numerical in CAIIB’s Bank Financial Management paper, solved step by step, with the keys to press on the exam calculator. By G S Khurana; 2026–27 edition.

The chapters

• 1Conventions and the calculatorp. 1
• 2Time value of moneyp. 17
• 3Quotes and cross ratesp. 41
• 4Forward rates, swap points and interest rate parityp. 63
• 5Merchant rates and forward contractsp. 87
• 6Money market and bond pricesp. 113
• 7Durationp. 141
• 8Derivatives: FRAs, swaps, futures and optionsp. 165
• 9Gap analysis and earnings at riskp. 191
• 10LCR, NSFR and structural liquidityp. 211
• 11Credit risk: expected loss and risk weightsp. 231
• 12Value at riskp. 253
• 13Operational risk capitalp. 271
• 14Capital adequacy, buffers and leveragep. 285
• 15Profitability and loan pricingp. 303
• 16Integrated ALCO case-letsp. 319
• 17Mocks, formula atlas and glossaryp. 335

Corrections and updates: see the errata page.