TMA Treasury Markets Certificate case studies
TMA Treasury Markets Certificate · Put your knowledge to work in context.
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 TMA Treasury Markets Certificate case studies are 5 cases and about 4,412 words.
1CNH Forward Pricing When the Swap Market Dislocates
At 09:40 on a Monday, a Hong Kong toy exporter calls your CNH desk. It wants a firm three-month outright price to sell USD 6,000,000 against CNH, value spot.
813 words, about 4 min2Month-End Cash Repatriation and Revolver Paydown
Group treasury of a Hong Kong-listed manufacturer is preparing its month-end liquidity review. It holds USD 45m of operating cash in a US subsidiary earning 4.90%, CNY 180m onshore in Shanghai earning 1.40%, and SGD 12m in Singapore earning 3.20%.
859 words, about 4 min3HIBOR Submission While Running a Receive-Fixed Book
Your bank is a HIBOR panel contributor. The treasury dealer responsible for the three-month HIBOR submission also runs a HKD 2.5bn receive-fixed interest rate swap book marked against three-month HIBOR.
889 words, about 4 min4A Large Fix Order, Pre-Hedging and Last Look
A corporate client instructs your bank to execute a USD 150m HKD/USD conversion at the 4:00pm Hong Kong fix. The order is large relative to the client's usual USD 10m tickets.
969 words, about 5 min5Funding a USD Loan Book with Swapped HKD
Your bank's treasury has USD 200m of five-year fixed-rate corporate loans yielding 6.20%, funded by rolling three-month HKD borrowings swapped into USD. The HKD funding rate is 4.10%, and the HKD/USD cross-currency basis is currently -55bp, meaning the bank pays 55bp over HKD to obtain USD via the FX swap.
882 words, about 4 min