the significant developments that have taken place in the Capital, Money,
and Foreign Exchange Markets in the recent years affecting volatility
in exchange rates and accentuating liquidity constraints, corporates
and banks have started paying closer attention to the treasury and forex
management function. The globalization of the economy with mobilization
and deployment of funds from/in other countries is also necessitating
growing attention in the area of treasury and forex management.
Management is fast emerging as a specialization in many companies and
the accounting function is being delinked from the finance function.
Highly focused knowledge of capital markets, money markets, instruments
and investment avenues, treasury and risk management and related areas,
has become essential for managing the treasury profit center successfully.
the field of Forex Management, the opportunities to raise money outside
India, and the factors which influence the evaluation of overseas capital
investment projects, are not completely understood. The network of payments
and the international investments have elevated the study of finance
to a multinational scale. Events in distant lands, whether they involve
changes in the prices of oil and gold, election results, the outbreak
of war, or the establishment of peace, have effects which instantly
reverberate around the globe. In this increasingly integrated and interdependent
financial environment, the links between money and capital markets have
become extremely close.
wake of these interesting developments in the field of Treasury and
Forex Management, ACTM (India) in collaboration with the Association
of Chartered Treasury Managers (ACTM), USA has developed a unique Professional
Certification Program in Treasury and Forex Management titled "The
Certified Treasury Manager" Program for the benefit of postgraduate
students in management and professionals/working executives engaged
or interested in the area of treasury and forex management. Successful
completion of the CTM Program leads to the Membership in Association
of Certified Treasury Managers, India. The members are entitled to use
the "CTM" in short. The members are also entitled to become
affiliate members in the Association of Chartered Treasury Managers,