SANDY TECHFANATIC

THE CTM PROGRAM

With the significant developments that have taken place in the Capital, Money, and Foreign Exchange Markets in the recent years affecting volatility in exchange rates and accentuating liquidity constraints, corporates and banks have started paying closer attention to the treasury and forex management function. The globalization of the economy with mobilization and deployment of funds from/in other countries is also necessitating growing attention in the area of treasury and forex management.

Treasury Management

Treasury Management is fast emerging as a specialization in many companies and the accounting function is being delinked from the finance function. Highly focused knowledge of capital markets, money markets, instruments and investment avenues, treasury and risk management and related areas, has become essential for managing the treasury profit center successfully.

Forex Management

In the field of Forex Management, the opportunities to raise money outside India, and the factors which influence the evaluation of overseas capital investment projects, are not completely understood. The network of payments and the international investments have elevated the study of finance to a multinational scale. Events in distant lands, whether they involve changes in the prices of oil and gold, election results, the outbreak of war, or the establishment of peace, have effects which instantly reverberate around the globe. In this increasingly integrated and interdependent financial environment, the links between money and capital markets have become extremely close.

In the wake of these interesting developments in the field of Treasury and Forex Management, ACTM (India) in collaboration with the Association of Chartered Treasury Managers (ACTM), USA has developed a unique Professional Certification Program in Treasury and Forex Management titled "The Certified Treasury Manager" Program for the benefit of postgraduate students in management and professionals/working executives engaged or interested in the area of treasury and forex management. Successful completion of the CTM Program leads to the Membership in Association of Certified Treasury Managers, India. The members are entitled to use the "CTM" in short. The members are also entitled to become affiliate members in the Association of Chartered Treasury Managers, USA.

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Objectives

The Certified Treasury Manager Program is a highly specialized course imparting focused knowledge in the areas of treasury, forex and risk management.

The CTM Program has the following objectives :

To develop a new body of knowledge and skills and make it available for those seeking challenging careers in the new era of liberalization and globalization.
To provide a conceptual framework for understanding the Money Markets and the Foreign Exchange Markets.
To cultivate appreciation of the inter-linkages between the Money Markets and Foreign Exchange Markets and the practical implications of these linkages.
To improve the ability for measuring and managing financial risks in corporates and banks.
To impart skills in treasury and foreign exchange management which are relevant in the electronic age, where managers will be operating in a web enabled environment.
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For Whom

Keeping in mind the avenues open to candidates who take up the CTM Program, this course would be useful for : Finance and Accounting Professionals like CFAs, CAs, CWAs, CSs, MBAs who seek careers in treasury/forex departments of banks/corporates.

Professionals employed in the forex departments of banks or with forex dealers.
Professionals working in the treasury/investments departments of corporates/banks.
Entrepreneurs and managers controlling export businesses.
Candidates pursuing professional courses like CFA, CA, CWA, CS, CAIIB etc.
Candidates pursuing full-time postgraduate programs in commerce, economics, mathematics, statistics and management.
Other individuals associated with international business and funds.
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Skills to Succeed

The surge of activity in the money and forex markets require constant monitoring and managing. To succeed in these areas, candidates should possess the following skills.

Mathematical Aptitude
Computer Skills
Ability to withstand pressure
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Eligibility

The following categories of candidates are eligible to enroll into the CTM Program

CFAs/CAs/CWAs/CSs.
Candidates with PG qualifications like PGDBA/MBA/MMS/MFC/MIB/ MBE/MCom/ MA (Eco)/MSc (Maths)/MSc (Stats), etc.
The following categories of candidates are also eligible to enroll into the CTM Program, provided they are graduates.
Candidates who passed CFA (Level I), CA (Inter), CWA (Inter), CS (Inter) or CAIIB (Part I).
Bankers with CAIIB qualification.
Full-time students of the PGDBA/MBA/MMS/MFC/MIB/MBE/MCom programs with Business Schools/University Departments, IIMs and other reputed institutions.
Full-time students of MA (Eco)/MSc (Maths)/MSc (Stats).
Executives with minimum 5 years experience in executive capacity in corporate/banking sector with relevant experience in treasury or foreign exchange areas.
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Duration

The CTM Program may be completed in a period of one year.

Period of Validity of Enrollment

The enrollment of a candidate in the CTM Program is valid for three years from the date of enrollment. Candidates who are unable to complete the program within the three-year validity period, but, keen on continuing in the program, are required to register de novo.

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Program Structure

The CTM Program covers all the important topics related to treasury and foreign exchange. The broad areas in which the body of knowledge is developed and the candidates will be examined, are divided into two Groups consisting of two Parts each.

The structure of the CTM Program and details of marks and time allotted for each Part is given below:

Group/Part
Marks allotted
Duration of
Examination
GROUP A
Part I : Treasury Management
Part II : Foreign Exchange Management

100
100

3 hours
3 hours
GROUP B
Part III : Risk Management - I
Part IV : Risk Management - II

100
100

3 hours
3 hours
The CTM Candidates are required to undertake a Project Work as an integral part of the Program.

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Learning Benefits

The candidates enrolling into the CTM program are likely to get several learning benefits from each one of the subjects of study. Each subject is given in-depth coverage so that the candidates derive immediate and practical benefits. Broadly speaking, the candidates acquire three types of skills:

Basic Skills
Application Skills
Integrative Skills
The more important learning benefits are identified below:

You will be able to understand the scope and functions of treasury management and its linkages with corporate finance and functional areas of management.
You will get to know the financial forecasting techniques and how to apply them in treasury management.
You will appreciate the significance of effective liquidity management under conditions of surplus and deficit.
You will have an understanding of long-term financial planning and the tools and techniques used for estimations.
You will learn about financial markets and instruments and the emerging trends.
You will learn about basics of international economics and international finance including international financial markets and instruments markets and instruments instruments instruments instruments instruments.
You will appreciate the methods of financing international trade.
You will understand the key aspects relating to forex markets and determination of exchange rates.
You will learn about risk management and various tools and techniques.
You will know how to manage risks with various derivative instruments.
You will grasp the accounting and tax implications of various derivatives.
You will get an insight into handling financial crisis situations including bankruptcy.
You will grasp the nuances of financial management of multinational corporations including treasury management in MNCs.
You will appreciate the key role of management of relationships with bankers and institutions.
You will grasp the basics of internal treasury controls through effective MIS.
You will get exposure to speculation and ethical dilemmas in treasury management