This document provides an overview of interest rate risk management. It discusses the essentials of interest rate risk, sources of interest rate risk such as gap risk and basis risk, effects of interest rate risk on earnings and economic value, techniques for measuring interest rate risk including repricing schedules, gap analysis, and duration, strategies for controlling interest rate risk like reducing asset or liability sensitivity, controls and supervision of interest rate risk management practices, and sound interest rate risk management practices including board oversight and defined roles and responsibilities. The document is from a study guide on interest rate risk management for the CAIIB exam.