Treasurers play a crucial role in managing market risks, particularly those related to Interest rate and foreign exchange.
By taking this MicroTopic, you will explore the key instruments used to identify and manage these risks, including forward foreign exchange contracts, swaps, options, and cross-currency interest rate swaps.
You will gain a fundamental understanding of foreign exchange and interest rate markets and risk, develop confidence in understanding the key terms and how these markets work, and learn to apply practical techniques through real-world examples, reinforced by numerical insights to strengthen your decision-making.
Perfect if you:
- already have a background in business or finance (either academic or work experience)
- want to specialise in a particular topic relevant to your role
- are seeking to refresh on specific areas of treasury
- are seeking more flexibility in your learning
- are considering discussing upskilling as part of your annual performance reviews
- manage a non-treasury specific team and wish to upskill a team member to understand a particular treasury specific role.
Digital Credentials
On successful completion of the qualification, we’ll issue and send you a link to your digital credential. Digital credentials are a great way to showcase your achievements. They can be easily and safely displayed on your CV and website or shared online via LinkedIn, email signatures, social media, blogs, and ePortfolios.
This MicroCredential is part of the Certificate in Treasury (CertT) pathway. Study all eight MicroCredentials in this set to gain the CertT qualification.
By studying this MicroTopic, you will gain the analytical and practical skills needed to navigate and manage interest rate and foreign exchange risks in real-world financial settings.
Topics you'll cover
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Introduction to numerical techniques for treasury
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Introduction to interest rates and foreign exchange markets
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Interest rate and foreign exchange risk management
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Forward contracts, the yield curve, and linking interest rates and foreign exchange
Learning Outcomes
- Discuss different interest rates, yields, and yield curves and undertake relevant calculations to support recommendations.
- Analyse the features, participants, and conventions of the foreign exchange (FX) market and the role and activities of treasury in this market (including undertaking relevant calculations).
- Explain risk management tools, considerations, and reporting (including undertaking relevant calculations)
Want to learn more?
I have completed the Certificate in Treasury Fundamentals
You get automatic entry to MicroCredentials.
I have completed the Certificate in International Cash Management
You get automatic entry to MicroCredentials.
Qualified accountant
We recommend you complete the Diploma in Treasury (Accountants) fast-track pathway. More information is available here.
If you wish to only do MicroCredentials, you get automatic entry. Please upload a copy of your accountancy certificate when booking.
Prior work experience
If you have three years’ experience of working in a treasury role or working with treasury in either a financial institution or a treasury consultancy you get automatic entry to MicroCredentials.
You will need to provide a copy of your CV when booking.
Previous degree
If you have a recognised degree in accounting, finance, business, economics or banking or a joint honours degree you can get automatic entry to MicroCredentials.
Your degree will need to be from:
• a UK higher education institute or,
• any other institute that is recognised by the UK ENIC National Agency as being at an equivalent academic level.
You will need to upload your degree certificate, or Statement of Comparability if you have gone through NARIC, when booking.
If you hold an MBA accredited by AACSB, AMBA, or EQUIS, you get automatic entry to MicroCredentials. You will need to provide a copy of your qualification certificate when booking.
If you hold a recognised degree in any other graduate discipline and you have twelve months’ experience of working in a treasury role or working with treasury in either a financial institution or a treasury consultancy, then you get automatic entry to MicroCredentials.
You will need to provide a copy of your qualification certificate and your CV when booking.
I have qualified with an ACT Accredited University
We recommend you complete the Certificate in Treasury. More information is available here.
If you are studying or have studied with one of our accredited universities, you get automatic entry to MicroCredentials. You will need to provide a copy of your qualification certificate when booking.
CertBALM or BTRM qualified
You get automatic entry to MicroCredentials. If you wish to complete the Diploma in Treasury Management, you are required to complete all eight MicroTopics and are exempt from Units 4a and 4b of the Diploma in Treasury Management qualification:
- Certificate of Banking Asset Liability Management (CertBALM)
- Certificate of Bank Treasury Risk Management
BTRM – you will need to provide a copy of your qualification certificate when booking.
CertBALM – we do not require a copy of your CertBALM certificate as we hold your completion status on our system.
CAS Swiss Certified Treasurer (SCT)
If you have completed the CAS Swiss Certified Treasurer (SCT) from Lucerne University of Applied Sciences and Arts you get automatic entry to MicroCredentials. You will need to provide a copy of your qualification certificate when booking.
Other Professional Qualifications
If you are a CFA Charter holder, you are eligible for automatic entry to the Diploma in Treasury Management. If you wish to do a MicroCredential, you will gain automatic entry.
If you hold the Certified Treasury Professional (CTP) qualification, you are eligible for automatic entry to MicroCredentials or the Certificate in Treasury and the Certificate in International Cash Management.
You will need to provide a copy of your qualification certificate when booking.
Benefit from a wide range of resources designed to support your learning, professional development, and long-term career growth.
What’s included with your learning:
- readings with activity questions throughout your learning
- webinars that dive deeper into key concepts
- podcasts to supplement your study on the go
- practice MicroTests to help you prepare with confidence.
When purchasing your MicroTopic, you will need to become a Student of the ACT. Being a Student gives you access to lots of additional resources.
Additional benefits of studying with the ACT:
- access to exclusive career resources
- invitations to events, regional groups, and webinars
- regular policy and technical updates
- a subscription to the online The Treasurer magazine
- opportunities to connect with a mentor through our mentoring scheme.
To achieve a MicroCredential, you will need to complete a MicroTest at the end of each MicroTopic. This will be a short online assessment taking between approximately 45-90 minutes, depending on the MicroTopic.
It’s up to you to decide when you are ready to opt in and take your assessment. You can take your assessments from anywhere in the world, wherever you have a reliable internet connection.
To start studying, you must buy your online learning materials and student licence at the same time. Your assessment can be booked at a later date, when you feel prepared and ready to sit the exam.
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Learning material |
395 GBP |
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Student Licence |
50 GBP |
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Assessment |
TBC |
You’ll need a student licence to study each MicroTopic.
If you plan to take more than one MicroTopic, save money by purchasing a 6 or 12-month licence. It means you won’t need to buy a new licence each time.
- 6 months: 19.99 GBP/month (total £119.94, save over 20%)
- 12 months: 18 GBP/month (total £216, save over 25%)
Fees are subject to the local VAT rate where applicable.
Ready to purchase?
Log in to your ACT Learning account. If you do not have one, you will be prompted to create one.
After purchasing, your booking will be processed, and you’ll receive an email upon confirmation. You won’t have access to the learning materials until September.
We can also deliver MicroCredentials to companies with teams that are interested in studying via this flexible route.
Explore more ACT Microcredentials
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