CTP Exam 2019
Updated on Dec 5, 2018 - 3:03 p.m. IST by Shraya Singh
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CTP Exam 2019 - The Certified Treasury Professional or CTP exam 2019 will be offered by the Association for Financial Professionals (AFP). AFT internationally recognized certification which is a premier qualification for finance, accounting and treasury professionals around the globe. In order to obtain certification status, candidates are required to successfully clear the CTP exam 2019 which is a four-hour exam comprising multiple-choice questions on a variety of subject areas associated with accounting, finance and treasury management. The CTP 2019 exam will be administered around the world at various Pearson VUE test centers and is offered in two test windows annually. Not only is the Certified Treasury Professional credential an asset for individuals who want to enhance their professional resume but it is also a highly industry-based certification which provides the accreditation that professionals in the concerned field need in order to increase their visibility and employability in the global job market. Candidates can know here all about CTP exam 2019  such as dates, requirements, registration process, exam pattern, syllabus, question papers, result and much more.

CTP Exam 2019: Overview




Certified Treasury Professional



Governing body

Association for Financial Professionals (AFP)

Exam type

International certification

Test centre administration

Pearson VUE

Exam duration

4 hours 

Number of questions

170 questions

Question type

Multiple-choice type (MCQs)

Certification validity

3 years

CTP Requirements and Eligibility

Candidates need to provide proof of various academic requirements, professional work experience and/or teaching experience in order to meet the various CTP requirements for eligibility. The AFP has specified five different categories of individuals who are eligible for the CTP 2019 exam based on different requirements regarding work experience, teaching experience and/or education. Here, the three terms signify specific CTP requirements, which are:

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  • Work experience: This implies full-time professional work experience based in cash/treasury management or any corporate finance-related role. Internships and volunteer work do not qualify as valid full-time work experience.

  • Teaching experience: This implies full-time teaching experience at university or collegiate level in a finance-related area of study.

  • Education: This implies any graduate or masters qualification in the domain of finance, business or accountancy.

CTP Requirements

Eligibility category

Work experience

Teaching experience



At least 2 years




At least 1 year




At least 1 year

At least  2 years




At least 2 years




At least 4 years


CTP Exam Dates 2019

The various CTP exam dates 2019 have been published by AFP which is the conducting body for CTP. The CTP 2019 exams are offered in two different windows annually which are:

  • June/July

  • December/January

The important dates for both of the testing windows for CTP 2019 have been listed below.

CTP Exam Dates 2019 


CTP 2019 Exam Dates

Testing Window

June 1, 2019 - July 31, 2019

December 1, 2019 - January 31, 2020

Early application deadline

March 22, 2019

September 27, 2019

Final application deadline

April 26, 2019

November 1, 2019

Re-exam registration deadline

April 26, 2019

November 1, 2019

Cancellation/refund request deadline

May 10, 2019

November 17, 2019

Transfer/deferral request deadline

July 31, 2019

January 31, 2020

CTP Registration

Once a candidate meets the CTP requirements for eligibility, he or she may carry out the following steps for CTP registration. 

  • The CTP registration is to be carried out in the online mode and candidates are required to fill an application form online. The application form requires information regarding various personal, academic and professional details associated with the candidate. Additionally, candidates will be required to submit their testing window preference for the forthcoming CTP 2019 exam, either June/July or December/January. 

  • Upon successful CTP registration for the certification exam, candidates can chose to buy and download the available CTP study materials for exam preparation.

  • Candidates will then be able to pick the specific date after CTP registration for the exam. As the CTP exams are administered by Pearson VUE, the dates are selected according to the Pearson VUE test centre availability within the selected CTP exam 2-month window. 

  • On the test day, candidates are required to carry their CTP registration confirmation and hall ticket along with a valid government issued photo ID. 

  • Every new CTP 2019 exam application is valid for three years or six consecutive CTP testing windows. Candidates can submit re-examination, transfer and deferral requests for any exam session within these testing windows without going through the CTP registration process repeatedly. 

CTP Certification Cost

The various CTP certification costs associated with the CTP exam 2019 include the application fee, study material fees etc. The requisite CTP certification cost for CTP 2019 has been published by AFP. The application fees differ for AFP members and non-members as the non-member application fee is also inclusive of the cost of a one-year AFP membership. 

CTP Certification Cost

Type of fee

AFP member

AFP non-member

Early application 

USD $875

USD $1,270

Regular application

USD $975

USD $1,370

Study material - Essentials of Treasury Management

USD $155

USD $255

Study material - Treasury Learning System

USD $760

USD $860

Re-examination/re-registration fee

USD $250


USD $0

No-show penalty fee

USD $85

CTP Exam Pattern

The CTP 2019 exam comprises a total of 170 questions which are of multiple-choice type in nature. The overall duration of the exam is 4 hours. Out of these, 3.5 hours are allotted for solving the 170 MCQs in the question paper. The remaining 30 minutes have been allotted for the review of answers, an optional 20-minute tutorial and a short questionnaire. For the duration of the CTP exam 2019, test-takers have the option of changing, marking and skipping questions as per their preference. Answers can be reviewed during any time of the test and upon completion of the allowed time for the test, all the answers will contribute towards the final score calculation regardless of the order in which they have been marked.  

CTP Syllabus

The CTP 2019 exam consists of 170 multiple-choice questions which cover a number of concepts associated with treasury management. Most of the questions are derived from the Essentials of Treasury Management, 5th edition.

Syllabus of CTP Exam 2019 

Subject area


Number of questions

The Corporate Treasury Function

Role of treasury management 



Treasury organizational structure


Financial and regulatory environment


Relationship management


Financial accounting and reporting


Risk management


Corporate governance


Cash and Liquidity Management

Cash management and forecasting



Payment and collection systems


Working Capital Management

Working capital philosophy and tools



Short-term investing and borrowing


Financial supply chain


Market effects on working capital


Capital Markets and Funding

Capital structure and dividend policy



Sources of capital


Capital market investments


Financing decisions and management


Treasury Operations and Controls

Treasury systems



Operational risk management


Treasury procedures


Ethics and accountability


Unscored Questions


CTP Resources

There are a number of study resources for prospective Certified Treasury Professional candidates which have been provided by AFP. It is essentially for CTP 2019 exam aspirants to go through these preparatory materials in order to be fully prepared and subsequently succeed in the CTP exam 2019. The resources offered by AFP are:

  • Sample test questions and prep guide: this includes various test taking tips and strategies to score better in the CTP exam 2019 along with sample questions and the corresponding answer key. 

  • AFP Treasury Learning System: This is essentially a Certified Treasury Professional online course which comprises various materials such as flashcards and practice tests. Additionally, it contains the entirety of the CTP 2019 exam syllabus and body of knowledge from which questions are framed. 

  • Essentials of Treasury Management: this is ideal for candidates who desire access to the entire body of knowledge which contains the CTP exam syllabus. 

  • Instructor-led courses: For candidates who want the intensive environment of a Certified Treasury Professional online course, they can opt for instructor-led courses for the AFP Treasury Learning System.

  • Webinars: AFP provides a number of live webinars for prospective Certified Treasury Professional candidates to enhance their subject knowledge.

  • CTP exam preparation blog: the CTP exam 2019 blog contains various tips and tricks for prospective Certified Treasury Professionals.

  • Collaborate community: the collaborate community is a live forum for CTP exam 2019 aspirants and professionals to communicate and interact with each other. 

  • Other resources include the International Partnerships and Regional AFP and TMA Prep Classes. 

CTP Exam Sample Questions

For prospective Certified Treasury Professionals, an important aspect of preparation for the certification exam is understanding the CTP exam difficulty and type of questions. All of the questions in the CTP 2019 exam will be multiple-choice questions and there will be no negative marking for incorrect answers but the CTP exam difficulty is a difficult area to pinpoint. In order to help prospective candidates to comprehend the CTP exam difficulty, AFP has published an exam preparation guide which features a number of CTP exam sample questions. Certified Treasury Professional aspirants can download the CTP sample questions and the answer key below.

CTP Exam Sample Questions

Sample Questions

Download here(file added to folder)

Answer Key

Download here(file added to folder)

Scores of CTP Exam 2019

All the questions of the CTP exam 2019 hold equal weight and there is no negative marking for incorrect answers. The total number of questions is 170; of these 170 questions, 150 are scored while the remaining 20 questions remain unscored. The overall scaled score of the CTP exam 2019 candidate will be calculated from the raw score. The raw score is generally the total number of questions which the candidate has answered correctly. The scaled score for the CTP exam 2019 will be determined on a 200 to 500 point scale where 300 is considered the passing mark. As the score is a scaled score, the number of questions which need to be answered correctly in order to obtain 300 may vary with the CPT exam difficulty. 

CTP Exam Pass Rate

As the CTP exam 2019 scores are compared with the predetermined passing standard and not the performance of candidates, the CTP exam pass rate often tends to vary with the CTP exam difficulty. Due to the standard which needs to be maintained, the CTP exam pass rate can range from anywhere between 0% and 100% as the performance of all candidates is judged independently. In recent testing windows, as reported by AFP, the CTP exam pass rate has ranged from 43% to 51%. 

CTP Exam 2019 Result

At the end of the exam at the specific Pearson VUE test center, candidates will be provided with a printed copy of their CTP exam 2019 result which will include the candidate’s name, title of the examination and whether the candidate passed or failed. The actual score will not be reported if the candidate has passed the CTP exam 2019. In case the candidate does not pass the CTP exam 2019, then he or she will be provided with the actual test score along with the performance in the various constituent knowledge domains. In order to maintain security and confidentiality, AFP does not release the results of individual CTP exam 2019 candidates. However, AFP does publish a list of successfully Certified Treasury Professionals.  

CTP Certification Maintenance

The Certified Treasury Professional credential is initially valid for a duration of 3 years from the release date of the CTP exam 2019 result. In order to maintain the Certified Treasury Professional designation/certification, certificate-holders are required to participate in continuing professional development for recertification. 

In order to recertify, certificate-holders must earn and report 36 credits in each three-year cycle. Upon earning these credits, the candidate must fill out the recertification form and pay the required fee for recertification. The CTP certification cost and deadlines for recertification have been listed below.

CTP Certification Cost - Recertification

Recertification deadline

AFP member

AFP non-member

Standard deadline 

USD $110

USD $225

Final deadline

USD $160

USD $275

Candidates who are unable to earn the required number of credits within the three-year period but have started working towards earning the required credits can apply for an extension of a maximum of 6 months past the three-year deadline. 

CTP Certification Salary

The Certified Treasury Professional, like most professional certifications and credentials, offers an instant boost in the annual compensation for individuals upon certification. The CTP certification salary is therefore higher than that of a professional in the same job role or position who lacks the certification, given that the role is in a financial domain. In India, the CTP certification salary ranges anywhere between 6 - 18 lac per annum depending upon the individual’s level of work experience as well as other qualifications. The CTP certification salary also depends heavily upon the organization of employment. Additionally, western nations often offer a higher CTP certification salary to certificate holders. The annual compensation ranges from USD $60,000 to a staggering USD $128,000 in the United States. Some of the highest CTP certification salary paying job roles include Treasury Analyst, Assistant Treasurer, and Treasury Director.

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