NIBAF CTM study plan

Map the treasury governance structure: define the roles of board, ALCO, treasurer and front/mid/back office, and state who approves policy versus who executes it.

Draft a one-page treasury policy outline covering objectives, delegated limits, counterparty criteria and reporting lines, citing the control purpose of each element.

Explain the three liquidity buffers (cash, high-quality liquid assets, committed lines) and identify which cash-flow categories are contractual versus behavioural.

Build a 13-week rolling cash-flow forecast template with line items for operating inflows, debt service, capex and contingent outflows, and label each line as certain, likely or uncertain.

Compute a simple static liquidity gap for a sample month from a supplied list of inflows and outflows.

Distinguish funding liquidity risk from market liquidity risk and give one realistic scenario for each in a bank and in a corporate treasury.

Apply the main liquidity ratios and metrics (liquidity coverage ratio, net stable funding ratio, survival horizon) to a worked example and interpret each result.

Identify the four FX exposures (transaction, translation, economic, contingent) in a short scenario and match each to a hedge instrument.

Explain how a forward rate is built from spot and the interest rate differential, and check a quoted forward for consistency with covered interest parity.

Calculate the cash-flow impact of an unhedged payable in a foreign currency under two exchange-rate scenarios.

Compute the cash conversion cycle from inventory days, receivable days and payable days, then show which single lever shortens it most.

Evaluate receivables-financing options (factoring, invoice discounting, supply-chain finance) against cost, off-balance-sheet treatment and customer relationship impact.

Compare money market instruments (treasury bills, commercial paper, certificates of deposit, repo) on issuer risk, tenor, liquidity and yield convention.

Price a short-term funding choice by converting a discount-basis yield, an add-on rate and a repo rate to a comparable annualised cost.

Draft a short-term funding plan that matches instrument tenor to forecast cash needs and avoids refinancing clustering.

Compare debt versus equity financing on cost, dilution, covenant burden, tax treatment and flexibility, and recommend a structure for a stated growth scenario.

Outline the bond issuance process from mandate to settlement, naming the roles of arranger, rating agency, legal counsel and paying agent.

Explain duration, modified duration and convexity, and compute the price change of a bond for a 50 basis point shift using duration and convexity.

Build a simple asset-liability gap report by time bucket and state the action to take when rate-sensitive assets exceed rate-sensitive liabilities.

Apply the investment policy constraints (credit floor, tenor cap, concentration limit, liquidity minimum) to screen a list of candidate securities.

Value an FX forward and an FX swap from given spot rates and interest rates, and state the profit or loss at settlement.

Compare forwards, money market hedges, options and natural hedges on cost, certainty and accounting complexity for a stated exposure.

Compute the interest rate sensitivity of a floating-rate borrower and size an interest rate swap that converts it to fixed.

Explain basis risk, rollover risk and counterparty credit risk in derivatives, and name the control that mitigates each.

Interpret a hedge effectiveness test result and decide whether hedge accounting treatment is supportable.

Classify a list of securities into held-to-collect, fair-value and trading portfolios, and state the valuation and impairment consequence of each.

Compute portfolio return and risk measures (yield to maturity, weighted average maturity, modified duration) for a five-security portfolio.

Map the treasury control framework: segregation of duties, confirmation and settlement controls, reconciliation frequency, limit monitoring and exception escalation.

Identify the compliance obligations relevant to treasury dealings, including know-your-counterparty, sanctions screening, documentation and record retention.

Trace a deal from execution to settlement and list three control points where a failure would create loss or misstatement.

Apply the core ethical duties in treasury (acting in the entity's interest, managing conflicts, confidentiality, market conduct) to three short dilemma scenarios.

Distinguish a personal account dealing conflict from a legitimate hedging transaction and state the disclosure required.

Evaluate a pressure scenario where a colleague asks for a limit to be exceeded, and write the escalation response.

Reconcile the governance, control and ethics domains into a single checklist a treasurer could use before executing a large transaction.

Explain the professional consequences of benchmark manipulation and mis-selling for the individual and the institution.

Consolidate all nine domains into a one-page formula and concept sheet covering ratios, pricing conventions and hedge relationships.

Complete a timed 60-question mock under exam conditions and record the score by domain.

Diagnose the two weakest domains from the mock and re-work the specific calculation types that caused errors.

Recite from memory the definitions of liquidity coverage ratio, net stable funding ratio, cash conversion cycle, duration and covered interest parity.

Build a final-week revision schedule that allocates remaining hours to the weakest domains only.