The Certificate in Treasury Management (CTM) is Equalifi’s exam-based qualification for professionals who want structured, specialised knowledge of treasury. It recognises a disciplined, systematic understanding of how to manage an organisation’s financial affairs: maintaining liquidity, managing cash flows and working capital, raising funds from various sources, investing surplus funds, and managing interest rate, currency and other financial risks.
Treasury management is the planning, organising and controlling of an organisation’s holdings, funds and working capital to make the best possible use of funds, maintain liquidity, reduce the overall cost of funds and mitigate operational and financial risk.
The Certificate follows the full syllabus of the Equalified Treasury Strategist (ETS), covering the treasury function and its regulatory framework, financial markets, cash and liquidity management, working capital, payments and treasury operations, money markets and short-term investments, fixed income securities, interest rate and foreign exchange risk management, derivatives and commodity risk, short, medium and long-term financing, corporate finance, bank treasury and asset liability management, treasury risk and controls, accounting, tax and reporting, treasury technology and AI, global and cross-border treasury, governance and ethics, and emerging trends.
The Certificate in Treasury Management is assessed through a single MCQ examination, which is also Level 1 of the Equalified Treasury Strategist (ETS) designation.
Pathway to the ETS designation
| Award | Assessment | What it recognises |
|---|---|---|
| Certificate in Treasury Management (CTM) | MCQ Examination | Structured knowledge across the full ETS syllabus |
| Equalified Treasury Strategist (ETS) | MCQ Examination, plus Project and Viva | The ability to apply that knowledge to a real treasury mandate, with sound professional and ethical judgement |
Holders of the Certificate in Treasury Management may continue to the project and viva at any time to earn the ETS designation, without retaking the examination.
Who should take the exam?
Treasury and finance professionals in corporates, banks, NBFCs and insurers, foreign exchange and money market professionals, cash management and transaction banking professionals, risk managers, chartered accountants, finance graduates seeking a career in treasury, and professionals who want to broaden their skills and career opportunities.
Important
The Certificate in Treasury Management is an educational qualification awarded by Equalifi. It does not constitute a regulatory licence or authorisation to deal in securities, foreign exchange or derivatives, or to act as an authorised dealer or intermediary.
Exam details
Equalifi offers the examination through an external, remote-proctored platform. Once registration and payment are confirmed, candidates receive an exam link by email. Candidates may schedule and take the exam within one year of registration, from any location, subject to the platform’s requirements.
Candidates need a reliable internet connection and a computer with a working camera. Please read the technical and exam-day instructions before starting the exam.
| Sr. No. | Name of Module | Type of Questions | Test Duration | No. of Questions | Passing Criteria | Negative Marking |
|---|---|---|---|---|---|---|
| 1 | Certificate in Treasury Management (CTM) | MCQ | 2 hours | 100 | 60% | 20% per incorrect answer |
Validity
The Certificate in Treasury Management does not expire.
Candidate audit
Equalifi randomly audits a percentage of applications on a regular basis. Candidates are responsible for providing the requested supporting documentation to verify the education and professional background stated in their registration form. Equalifi does not contact employers or educational institutions to obtain verification documents on a candidate’s behalf.
Candidates selected for audit will be notified by email and will have 10 business days to respond. They must meet the audit requirements before receiving the certificate.
Failure to comply with the audit, falsification or misrepresentation of information, or any unprofessional conduct will result in denial or cancellation of the registration and/or revocation of the certificate, and all fees will be forfeited. A candidate who does not comply with an audit will also be subject to audit when reapplying in future.
Fee details
Exam fee: INR 3,540
Fee is inclusive of GST. The exam fee applies to each attempt.
Access Pass benefits
Fee waiver: Equalifi Chartered, Professional and Virtual Pass holders receive a 50% waiver on the exam fee.
Learn more about the Equalifi Access Pass.
Exam preparation: Equalifi provides study notes, tutorial webinars, regular conference calls, additional reading material and mock tests. Access Pass holders receive access to exam preparatory material on the Equalifi portal. For stronger exam readiness, candidates are also encouraged to attend Equalifi’s executive education programmes and masterclasses on treasury and risk management. Access Pass holders receive a 10% to 50% fee waiver based on their pass category.
Recommended reading
- Indian Institute of Banking & Finance, Treasury Management.
- Frank J. Fabozzi and Steven V. Mann, The Handbook of Fixed Income Securities.
- Jim Washam and Matthew D. Hill, Essentials of Treasury Management.