DEFINITION of 'Certified Treasury Professional - CTP'

A professional designation awarded by the Association for Financial Professionals to individuals who are experienced in cash management and who pass an exam demonstrating their expertise. Successful applicants earn the right to use the CTP designation with their names for three years, which can improve job opportunities, professional reputation and pay. Every three years, CCM professionals must complete 36 hours of continuing education (called recertification credits) and pay a fee to continue using the designation.

BREAKING DOWN 'Certified Treasury Professional - CTP'

To work in the cash management industry, a background in finance and/or accounting is helpful. CTP applicants become experts in treasury management. CTPs should understand revenue collection, obligation payment, cash processing, reconciliation, managing current accounts, maintaining documentation, monitoring transactions, forecasting and monitoring cash flow, receiving and processing wire transfers, analyzing financial statements, and more.



RELATED TERMS
  1. Corporate Trade Payment (CTP)

    A previous form of transferring funds electronically. The corporate ...
  2. Certified Bank Auditor - CBA

    A professional designation awarded by the Bank Administration ...
  3. Chartered Market Analyst - CMA

    A professional designation awarded by the American Academy of ...
  4. Chartered Retirement Plans Specialist ...

    A professional designation awarded by the College for Financial ...
  5. Accredited Automated Clearing House ...

    A professional designation awarded by NACHA (The Electronic Payments ...
  6. Certified Consumer Debt Specialist ...

    A professional designation awarded by the Center for Financial ...
Related Articles
  1. Financial Advisor

    The Alphabet Soup of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.
  2. Retirement

    Designations No Retirement Planner Should Be Without

    Advance your career and gain clientele by adding a few choice certifications.
  3. Managing Wealth

    Financial Designations That Lead To The Highest-Paying Jobs

    Not only do these finance careers pay high salaries, they're also in high demand.
  4. Financial Advisor

    Should Financial Advisors Pursue the CFA?

    There is a certain prestige that comes with obtaining your CFA, but is it needed?
  5. Financial Advisor

    Careers For CFAs, CFPs® And CTAs

    Discover the differences between Chartered Financial Analyst, Certified Financial Planner™ and Commodity Trading Advisor credentials.
  6. Personal Finance

    Consider A Career As A Financial Communications Professional

    Regulators, sales people and clients all look to communications professionals to help them navigate the markets.
  7. Financial Advisor

    A Guide To Financial Designations

    Find out which certifications can bring you the greatest career returns.
  8. Financial Advisor

    Why Tech Should Top Advisors' Must-Do List in 2017

    Here are three reasons why financial professionals should absolutely integrate technology into business efforts over the next 12 months.
  9. Personal Finance

    Is the CFA Useful for Corporate Finance?

    The CFA is useful for some job functions, but an MBA may better suit younger workers.
RELATED FAQS
  1. What is the difference between portfolio management and financial planning?

    Understand the difference between financial planning and portfolio management, and learn which financial professionals can ... Read Answer >>
  2. What should I study in school to prepare for a career in corporate finance?

    Find out which classes to take in college to prepare for a career in corporate finance, including management, accounting ... Read Answer >>
  3. If I already hold a professional certification am I eligible for any exemptions from ...

    No. To obtain a CFA designation, you must complete all levels of the CFA program regardless of whether you hold a professional ... Read Answer >>
  4. Are professionals, such as financial planners and brokers, liable for the advice ...

    In the U.S., the Securities and Exchange Commission (SEC) does its best to protect investors from being cheated. To do so, ... Read Answer >>
Trading Center