TMA Treasury Markets Certificate study plan

Map the full Treasury Markets syllabus into a one-page concept grid covering money markets, FX, bonds, and derivatives

Define and contrast spot, forward, swap, and option payoffs with a worked numeric example for each

Explain how central bank policy rates transmit into short-dated money market yields

Build a personal glossary of 40 core treasury terms with one-line definitions

Calculate day-count conventions and discount factors for common money market instruments

Derive forward rates from a spot curve and explain the expectations and liquidity premium interpretations

Compute duration and convexity for a simple bond and interpret the price sensitivity

Describe the mechanics of a repo transaction and explain why repo rates anchor short-term funding

Compare the objectives, constraints, and risk appetite of bank treasury versus corporate treasury

Outline an asset-liability management framework including gap analysis and interest rate risk limits

Distinguish liquidity coverage, funding, and capital considerations in treasury decision-making

Explain how hedging policy is set, documented, and monitored in a corporate treasury

Apply cash management tools including cash pooling, payment factories, and working capital metrics

Evaluate counterparty and settlement risk in treasury transactions and propose mitigation controls

Rehearse pricing and valuation checks by reconciling a trade blotter against market rates

Link treasury funding decisions back to money market and FX instruments from Domain 1

Summarize the TMA Code of Conduct principles and translate each into a concrete daily behavior

Identify conflicts of interest scenarios in treasury sales and trading and state the required response

Explain market conduct expectations around benchmark submissions, order handling, and information barriers

Distinguish personal account dealing rules from firm-level trading restrictions

Interpret the FX Global Code principles on execution, transparency, and information sharing

Explain last look, pre-hedging, and algorithmic trading disclosures under the Code

Apply market data governance rules on sourcing, redistribution, and benchmark integrity

Analyze three short conduct case vignettes and identify the breached principle in each

Trace how benchmark reference rates are constructed and where manipulation risk arises

Evaluate data quality controls for market data used in valuation and risk reporting

Explain the difference between indicative and executable quotes and the disclosure obligations for each

Describe how the FX Global Code and market data rules interact in a client order workflow

Consolidate weak areas by re-testing every missed concept from weeks 1 to 7

Complete two full-length timed mock exams under exam conditions

Review each wrong answer and write the underlying rule or formula beside it

Build a final one-page formula and principle sheet for last-day revision