2020 - 2022 CTP Test Specifications
The CTP Examination consists of 170 multiple-choice questions and is based on practical concepts and experiences in relation to treasury management. The exam questions are created by treasury and finance practitioners and updated every three years.
[Approximately 36-40 questions]
Maintain corporate liquidity required to meet current and future obligations in a timely and cost effective manner.
[Approximately 26-28 questions]
Manage capital structure, manage costs of long-term capital, and quantitatively evaluate long-term capital resource investments.
[Approximately 28-31 questions]
Manage internal and external relationships.
[Approximately 36-40 questions]
Monitor and control corporate exposure to financial, regulatory, and operational risk .(including emerging and reputational risk
[Approximately 17-20 questions]
Assess impact of technologies on the treasury function
[Approximately 20* questions]
Manage internal and external relationships
Maintain corporate liquidity required to meet current and future obligations in a timely and cost effective manner [approx # of questions 36-40]
A. Manage optimal cash positioning through short-term investing and borrowing activities [4-6]
B. Forecast/manage cash receipts and disbursements [cashflows] [4-6]
C. Leverage cash concentration/pooling structures [3-5]
D. Manage foreign exchange (FX) exposure [3-5]
E. Manage trade financing (including letters of credit) [3-5]
F. Manage intercompany financing (including loans, repatriation, in-house banking [3-5]
G. Review cash balances and reconcile transaction activity to ensure accuracy [3-5]
H. Optimize treasury operations (including considerations for roles/responsibilities and outsourcing options) [3-5]
I. Calculate, analyze, and evaluate financial ratios to optimize financial decision making [3-5]
Manage capital structure, manage costs of long-term capital, and quantitatively evaluate long-term capital resource investments [approx # of questions 26-28]
A. Negotiate and manage syndicated agreements [3-5]
B. Manage investment portfolio [4-6]
C. Issue debt and equity [4-6]
D. Manage revolving debt agreements [3-5]
E. Assess impact of mergers, acquisitions, and divestitures [3-5]
F. Evaluate current market conditions (including credit availability, spreads, interest rates, terms, risk) as
they relate to long-term borrowing strategies [4-6]
Manage internal and external relationships [approx # of questions 28-31]
A. Build, maintain, and review relationships with external financial service providers [3-5]
B. Evaluate and implement treasury products and services (including banking products, treasury workstations) [4-6]
C. Administer bank accounts (including bank fee analysis) and maintain documentation [4-6]
D. Identify, negotiate, and select relationships and operational agreements with external service providers
(including financial, technological, and investment/retirement advisors) to ensure best practices and competitive pricing [3-5]
E. Serve as an internal trusted advisor and consultant (including Project Finance) [2-4]
F. Manage merchant services programs (including fees, risk, controls, card security compliance, retention requirements) [4-6]
G. Build and maintain relationships with internal stakeholders (including accounting, IT, legal, and tax departments) [3-5]
H. Market Effects on Working Capital [2-3]
Monitor and control corporate exposure to financial, regulatory, and operational risk. (including emerging and reputational risk) [approx # of questions 36-40]
A. Comply with treasury policies and procedures (such as investment, FX, risk management, hedging, credit approval)..... [3-5]
B. Draft treasury policies and procedures for approval (such as investment, FX, risk management, hedging, credit approval) [2-4]
C. Detect and mitigate fraud (such as payments, bank transactions, internal, external) 5-7
D. Benchmark performance against external sources to ensure best practices (including banking fees comparative analysis) [3-5]
E. Evaluate and manage counterparty risk (including risk related to supply chain, banks, brokers, dealers) [4-6]
F. Develop, maintain, and test business continuity plans (including bank balance reporting process, funds transfer capabilities) [4-6]
G. Hedge FX, interest rate, and commodities exposure [4-6]
H. Ensure regulatory compliance, and report internally and externally on compliance [4-6]
Assess impact of technologies on the treasury function [approx # of questions 17-20]
A. Leverage technology systems (including enterprise resource planning (ERP) systems and treasury management systems) [4-6]
B. Identify security issues and concerns associated with new and existing technology [4-6]
C. Identify cyber-related risks [2-4]
D. Monitor information security risk and cyber-related risk (including e-mail scams, phishing scams [4-6]
[approx # of questions 20*]
33–37% of the questions test knowledge of basic facts and terms.
38–42% of the questions test an understanding of concepts and principles.
23–27% of the questions test the higher thinking ability to apply concepts and principles to a specific situation.
10–15% of the questions will require mathematical computations.