Review for certified treasury professional exam
Having today cleared the written exam on certified treasury professional ,all I that I gathered and felt during the course of my preparation was that,there is dearth of proper and adequate information available on the subject ,either maybe due to not many candidates appear for this particular exam or may be those who have previously cleared were not too active in sharing their wisdom and experiences centering around the exam .
1.As bankers we are subjected to quite elongated working hours .As such it is always not possible for us to go through the entire book page by page.Although it is advisable to read the entire book to gain knowledge,but at this point of time our main focus should be on clearing the exam.Also do remember that no matter how much theoretical knowledge one gains from book ,one still needs to start afresh and from scratch upon being posted in treasury department as nothing will come close to practical work ex and that is where one will get real flavour of treasury with due respect to bookish theory.
2.If unable to go through entire book ,put special focus on the following chapters -Liquidity Management,Money Market instrument(specifically CP,CD both theory and numerical) ,Repo (numerals and theory),T bills,Call and Term money .Most questions from Money market asked from CP ,Repo,CD and call money.
3.Under capital market chapter read ECB mainly.
4.Read FRA very well both theory and numerical,mainly numerical and if required take help of YouTube.FRA numericals are must do.
5.Chapter on Options and Future should be read in utmost detail and if time permits then Swaps mainly IRS.
6.Fixed Income Duration Convexity Time Value of money chapter should be properly read .Have clarity on Bond theorem and specifically Bond price yield relation,YTM ,Duration,Convexity,Bond numerical like Bond price,Modified Duration calculation,convexity, effect on portfolio due to Bond price /yield increase or decrease numerical.This particular chapter on Fixed income Duration Time value of money is very very important.
7.Other than above if time permits go through Basic forex numerical on bill/TT buying selling,rate to be quoted to exporter/importer ,dealer code of conduct,Types of auction and when issued mkt,role of front mid and back office.
8. Go through numerical on Repo at the backside of the book and on calculation Yield and price of T bills given on the back side of the book.These are very important and 6-7 questions are normally asked on these topics frequently.
That’s it from my side friends.Hope I could be of some help to you all.Thanks again to Srinivas Sir for his untiring efforts towards this forum and his contribution in helping fellow aspirants in clearing these exams and if I can recollect anything else , I will share over here in due course of time.
Take care...
Having today cleared the written exam on certified treasury professional ,all I that I gathered and felt during the course of my preparation was that,there is dearth of proper and adequate information available on the subject ,either maybe due to not many candidates appear for this particular exam or may be those who have previously cleared were not too active in sharing their wisdom and experiences centering around the exam .
1.As bankers we are subjected to quite elongated working hours .As such it is always not possible for us to go through the entire book page by page.Although it is advisable to read the entire book to gain knowledge,but at this point of time our main focus should be on clearing the exam.Also do remember that no matter how much theoretical knowledge one gains from book ,one still needs to start afresh and from scratch upon being posted in treasury department as nothing will come close to practical work ex and that is where one will get real flavour of treasury with due respect to bookish theory.
2.If unable to go through entire book ,put special focus on the following chapters -Liquidity Management,Money Market instrument(specifically CP,CD both theory and numerical) ,Repo (numerals and theory),T bills,Call and Term money .Most questions from Money market asked from CP ,Repo,CD and call money.
3.Under capital market chapter read ECB mainly.
4.Read FRA very well both theory and numerical,mainly numerical and if required take help of YouTube.FRA numericals are must do.
5.Chapter on Options and Future should be read in utmost detail and if time permits then Swaps mainly IRS.
6.Fixed Income Duration Convexity Time Value of money chapter should be properly read .Have clarity on Bond theorem and specifically Bond price yield relation,YTM ,Duration,Convexity,Bond numerical like Bond price,Modified Duration calculation,convexity, effect on portfolio due to Bond price /yield increase or decrease numerical.This particular chapter on Fixed income Duration Time value of money is very very important.
7.Other than above if time permits go through Basic forex numerical on bill/TT buying selling,rate to be quoted to exporter/importer ,dealer code of conduct,Types of auction and when issued mkt,role of front mid and back office.
8. Go through numerical on Repo at the backside of the book and on calculation Yield and price of T bills given on the back side of the book.These are very important and 6-7 questions are normally asked on these topics frequently.
That’s it from my side friends.Hope I could be of some help to you all.Thanks again to Srinivas Sir for his untiring efforts towards this forum and his contribution in helping fellow aspirants in clearing these exams and if I can recollect anything else , I will share over here in due course of time.
Take care...
Do we need to study the recommended chapters from FABOZZI or just referring to Treasury Management by Macmillan will do?
ReplyDeleteKindly suggest..