TMA Treasury Markets Certificate
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ExploreAbout this exam
The Professional Certificate in Treasury Markets is a professional credential listed by the Treasury Markets Association (TMA), a Hong Kong industry body, alongside its Postgraduate Certificate in Banking and Corporate Treasury Management and the ECF-TM education track. The TMA site shows the Professional Certificate delivered as an e-learning course, with a scheduled run on 05 DEC 2026. The qualification targets practitioners working in, or moving into, treasury, markets and bank or corporate treasury functions who want a structured grounding in how money, FX and funding markets operate and how they are governed. The published domain structure spreads coverage evenly across four areas: Treasury Markets; Banking and Corporate Treasury Management; the Code of Conduct and Practice of TMA; and Market Data and FX Global Code. That split means you cannot pass on product knowledge alone - conduct, market-data integrity and FX Global Code principles carry the same weight as pricing and funding mechanics. Preparation typically combines the e-learning material with the TMA's separate crash courses and examinations for the Code of Conduct and Practice, which run at the HKMA office in Two IFC. Candidates should confirm current dates, venue and enrolment details directly with the TMA, since the association publishes schedules and updates on its own site. This page is independent study guidance and is not affiliated with or endorsed by the TMA.
What you'll study
About TMA Treasury Markets Certificate preparation
How is the Professional Certificate in Treasury Markets delivered?
The TMA calendar lists it as an e-learning course, with a scheduled run on 05 DEC 2026. Because delivery can change between intakes, verify the format and any live sessions on the TMA website before you plan your study schedule around it.
What does the exam cover?
Four domains of roughly equal weight: Treasury Markets; Banking and Corporate Treasury Management; the Code of Conduct and Practice of TMA; and Market Data and FX Global Code. Half the marks therefore sit in conduct and market-data topics, so treat those as core material rather than background reading.
Who should take it?
It suits treasury and markets staff, bank relationship and funding teams, and corporate treasury professionals who need a common vocabulary across products, funding, conduct and data standards. It is also relevant to operations and risk staff who interface with dealing rooms but do not price trades themselves.
How should I sequence my study?
Start with Treasury Markets to build product and pricing vocabulary, then Banking and Corporate Treasury Management for balance-sheet and funding context. Study the Code of Conduct and the Market Data and FX Global Code sections last but leave generous time, since together they carry about half the marks.
Are there separate examinations for the Code of Conduct?
Yes. The TMA lists Elementary Level and Advanced Level examinations for The Code of Conduct and Practice of TMA, each preceded by a crash course, with the 17 SEP 2026 sittings at Rm 5501, 55/F, HKMA Office, Two IFC. Confirm which level your pathway requires before booking.
Where are the Code examinations held?
The published venue is Rm 5501, 55/F, HKMA Office, Two IFC, 8 Finance Street, Central, Hong Kong, with the crash course delivered via Zoom. Venues can change between sittings, so check your confirmation notice rather than relying on past arrangements.
What are the most common failure modes?
Candidates typically over-invest in product mechanics and under-prepare conduct and FX Global Code principles, which carry a quarter each. A second common error is memorising definitions without being able to apply them to a short scenario, which is how conduct and market-data questions are usually framed.
How much time should I allow for preparation?
No official study-hours figure is published, so plan from the weighting instead: give each of the four domains comparable time, and add revision passes on the two conduct-and-data domains. Working candidates commonly spread preparation over several weeks rather than cramming before the sitting.
Can I retake the exam, and how long is the certificate valid?
The TMA site does not publish retake rules, fees, pass marks or a validity period in the material available here. Contact the TMA directly for these terms before you enrol, and keep your result documentation, since employers often ask for evidence of currency.