CTP, CTP(CD) and CCM Recertification Reporting Guidelines

The information here within is effective January 1, 2010 and supersedes all previous versions.

Recertification Deadlines
June 30	August 15	October 15	December 31
Earn 36 continuing education credits or request an extension (At least 1 credit must be earned)	Standard deadline to report credits earned (Lower recertification fee applicable)	Final deadline to report credits earned (Higher recertification fee applicable)	Earn and report all outstanding credits earned under extension

Guidelines Index:

• Recertification Cycle
• Reporting Year
• Reporting Credits
• Calculating Credits
• Documentation of Attendance
• Request a General Extension
• Revocation and Reinstatement
• Audit
• Qualifying Recertification Activities
• Recertification Program Categories
• Recertification Fees
• Certificate Reprint
• Recertification Reporting Form
• Reinstatement Appeal Form

The Certified Treasury Professional® (CTP), Certified Treasury Professional with Mastery of Canadian Treasury Management [CTP(CD)] and Certified Cash Manager (CCM) certifications are valid for three years. The expiration date is printed on your certificate.

Example: July 1, 2008 - June 30, 2011

In order to maintain your credential, you must earn a total of 36 recertification credits within a three-year recertification cycle.

• You may earn 36 recertification credits at any time during your three-year recertification cycle. You have the option to earn all your credits in one year or during the course of the three-year cycle.
• Additional credits earned beyond the required 36 credits cannot be "rolled over" to the next reporting cycle.

The reporting year is the actual year that you are required to submit your credits for the past three-year recertification cycle. All credits must be earned by June 30 of your reporting year. The standard deadline to report credits is August 15 and the final deadline to report credits is October 15.

Example: 2008 reporting year includes credits earned from July 1, 2005 through June 30, 2008.

For ease in record keeping, all three-year recertification cycles begin July 1 of the examination year and end June 30 of the third year.

Example: If the exam is taken on any date within the June 2008/July 2008 testing window (2008A) the first recertification cycle is July 1, 2008 through June 30, 2011.

If the exam is taken on any date within the December 2008/January 2009 testing window (2008B) the first recertification cycle is also July 1, 2008 through June 30, 2011.

AFP will send reminder notifications via e-mail. Non-receipt of a recertification reminder does not waive the requirement to recertify and will not serve as an appeal to revocation. Please notify AFP of e-mail changes.

Certificants have two options for reporting credits earned. The first and preferred option is the AFP Online Recertification Resource Center credit tracking tool (see below for more information regarding the online submission of credits). Once you have earned and reported all 36 credits, the tool will allow you to pay your recertification fee online using a credit card. That is the only accepted payment method for online recertification. Please do not send checks for online recertification.

The second option is to submit the Recertification Reporting Form . This option must be used when:

• paying by check
• requesting an extension

Please complete the form as indicated and mail or fax to AFP. You may only submit this form once all 36 recertification credits have been earned. Therefore, do not send in the Recertification Reporting Form multiple times with less than 36 recertification credits reported. The only exception to this rule is for approved extensions. Please review the Request for a General Extension section to learn more.

Submitting Recertification Credits Online

AFP offers a convenient way to track and submit recertification credits with the AFP Online Recertification Resource Center.

This tool is available to AFP members and registered CTP and CCM users only.

Why use it?

• It's an easy way to keep track of recertification credits needed to maintain the CTP and CCM credentials
• It's available to view, update, and print 24 hours a day, 7 days a week
• It automatically totals your eligible recertification credits
• It creates a record of all your continuing education and professional development activities for any purpose (i.e. work requirements, resume writing, reporting continuing education for other certifications)

How to use it:

1. When you complete an activity, just go to the AFP Online Recertification Resource Center to access and update your credits.
2. When you complete the 3-year, 36 credit requirement, click the button to submit your Online Recertification Form and payment. Immediately you will receive a response indicating that your certification has been renewed for another three years!
3. After completing the 36 credit hours you can continue to add continuing education activities. The form will accept all credits earned within the 3 year cycle. The credits above the required 36 will be recorded under the column "Total Credits." After reaching the 36 credit requirement, no additional credit will be added to the "Eligible Credits" column.

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Please provide all information requested in order to meet the requirements for recertification.

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If you have any questions, or need further information, please contact us at AFP@afponline.org.

Recertification credits are calculated based on the following guidelines.

• You may earn any number of credits per year. You may earn all your credits in one year, or over the course of three years.
• Some recertification program categories have a maximum number of eligible credits per recertification cycle.
• A program must last for at least 50 minutes to qualify for credit.
• One (1) recertification credit is equivalent to 50 minutes (including question and answer sessions) of instruction in an approved topic area.
  • Credits earned before January 1, 2010 are to be reported in whole numbers and are never rounded up.
  • Credits earned January 1, 2010 or later are not rounded.
• Only qualified educational activities in approved topics should be reported.
• An activity should be listed exactly as the title appears on the printed materials for the event.
• Do not forward supporting documentation of attendance or participation to AFP when filing your recertification credits

For Credits Earned Before January 1, 2010

As an example, a seminar runs from 9:00 am to 5:00 pm and includes a one hour lunch and two fifteen-minute breaks. There are 390 minutes of instruction (480 (8hrs = 480 minutes) - 60 (lunch) - 30 (two breaks)). One recertification credit is earned for every 50 minutes of instruction. 390 minutes divided by 50 equals 7.8. Round down to the nearest whole number to determine that the seminar earns 7 recertification credits.

To calculate credits for conferences that offer multiple concurrent sessions of varying length over the course of one or more days, such as the AFP Annual Conference program, total the number of minutes of the sessions you attended in their entirety and divide by fifty. If the sessions attended total 250 minutes, you would earn five (5) recertification credits. Calculate the sum of the number of minutes accrued; divide by 50 and round the number down.

For Credits Earned January 1, 2010 or later

As an example, a seminar runs from 9:00 am to 5:00 pm and includes a one hour lunch and two fifteen minute breaks. There are 390 minutes of instruction (480 (8hrs =480 minutes) – 60 (lunch) – 30 (two breaks)). One recertification credit is earned for every 50 minutes of instruction 390 minutes divided by 50 equals 7.8. This seminar earned 7.8 credits.

Certificants evaluate their own recertification activities and determine the appropriate number of recertification credits based on the information outlined above. AFP does not review and approve recertification activities for certificants. Please review the guidelines in its entirety to determine if an activity is eligible.

It is the responsibility of each CTP, CTP(CD), and CCM to maintain records documenting recertification activities for up to two years after reporting recertification credits. A copy of a letter or certificate confirming completion of the activity is adequate documentation. The documentation must contain the:

• Name of the sponsor (e.g., ABC Bank, XYZ Corporation)
• Title of the activity (e.g. Economic Outlook 2007)
• Date of the activity (the date must fall within your three year cycle)
• Length of the activity (minus breaks and meals) OR number of recertification credits
• Contact information for a sponsor representative who could verify your attendance if you are audited

If you are unable to meet the 36 recertification credits requirement by the end of your three-year cycle, but have been working toward meeting the requirement by earning at least one (1) recertification credit, you may request an extension. The maximum extension granted is six months to December 31. Further extensions will not be granted.

Your credential will remain current during the period of your extension but you will shorten the length of your next reporting cycle since credits may not be used twice. Please treat this policy as a courtesy.

To request an extension:
1. Complete the Recertification Reporting Form

• indicate your request for an extension
• List all credits earned to date

2. Submit the form along with the Extension Request fee by mail or fax no later than June 30 of the reporting year: ($75 for members, $150 for non-members)

Do not use the online recertification resource center when requesting an extension or when submitting delinquent credits.

Upon approval, certificants will be notified that they have until December 31 of the reporting year to earn and report the remaining credits.

To finalize renewal of your CTP, CTP(CD), or CCM credential:
3. Complete the Recertification Reporting Form listing all delinquent credits earned.
4. Submit the form along with the Delinquent Credit Reporting Deadline fee no later than December 31 of the reporting year: ($135 for members, $250 for non-members)

*Fees are subject to change

Recertification Reporting Fees (USD)

Member Status	Standard Deadline (August 15)	Final Deadline (October 15)
AFP Member	$85.00	$135.00
Non-Member	$200.00	$250.00

Recertification Extension Fees (USD)

Member Status	Extension Request Deadline (June 30)	Credit(s) Reporting Deadline for Extensions (Dec. 31)
AFP Member	$75.00	$135.00
Non-Member	$150.00	$250.00

If you have not reported the required 36 continuing education credits to renew your CTP, CTP(CD), or CCM credential by the deadline, nor requested and qualified for an extension, your certification will be revoked and you will no longer be authorized to use the CTP, CTP(CD), or CCM mark professionally. You will receive official revocation notification by certified mail.

Should you wish to reinstate your credential after revocation, you are required to submit a formal appeal to the AFP Certification Committee. For your appeal to be considered, you must submit the following:

• A letter outlining the reasons for the lapse in reporting continuing education (CE) credits required for renewal
• A non-refundable reinstatement appeal fee ($250 members, $300 non-members)
• A completed Reinstatement Form
• A completed Recertification Reporting Form detailing the outstanding 36 continuing education credits earned since your last renewal along with supporting documentation
• Delinquent Credits Reporting Fee ($135 members, $250 non-members)

The appeal must be submitted within two years of the cycle end date for which credits were not reported. For example, a CTP/CTP(CD)/CCM whose credential was revoked for failure to report credits for the July 1, 2005 - June 30, 2008 cycle has until June 30, 2010 to submit an appeal. If an appeal is not submitted by the deadline the opportunity to apply for reinstatement by appeal will be forfeited.

To reinstate the CTP/CTP(CD)/CCM credential after the appeal deadline a former certificant must submit a new examination application, remit the appropriate exam fees, pass the examination and then abide by the recertification policy in effect at the time the CTP, CTP(CD), or CCM designation is reinstated.

AFP conducts an annual audit of 5-10% of the CTPs, CTP(CD)s, and CCMs-selected at random-who have recertified in the previous two years. Audits are a standard practice across the certification industry. The purpose of recertification audits is to ensure that certificants have earned the credits reported during their recertification cycle. If you are selected for the audit, you are required to participate, and expected to adhere to the policies and procedures of the audit. If you cannot supply documentation that confirms completion of the reported recertification activities, you will be considered delinquent and your credential may be revoked by the Certification Committee.

Only activities related to topics found in the current edition of the Essentials of Treasury Management, Second Edition (e.g., treasury/cash management, finance, accounting, ethics, economics) are eligible for recertification credits.

The continuing education activities need NOT be sponsored by AFP or pre-approved for credit by AFP to qualify. AFP is unable to review and pre-approve recertification activities for individual certificants. Please review these guidelines to determine if an activity is eligible.

The following are examples of educational sessions that do not qualify for recertification credits:

• Sessions specific to benefits and features of a company's treasury/finance related products and services
• Fundamental and introductory courses in cash/treasury management
• Personal career development sessions not specific to management of finance or cash/treasury (e.g., "How to write a good cover letter")
• Personal finance (e.g. financial planning, tax preparation, estate planning)
• Business development/sales skills sessions, customer service
• Technology-specific courses such as, but not limited to, Word and Access
• Licenses and Certifications NOT related to treasury, finance or accounting (e.g. Real Estate license)
• CTP Exam preparation

A. AFP Learning System^TM: Treasury

Maximum Credits Accepted: 18
Activity Description: Individuals who earned their credential prior to 2008 may earn 18 credits with a post-test score of 70% or higher on the most current edition of the AFP Learning System™ Treasury course. The Learning System edition used to prepare for the CTP exam does not qualify for credit. Credits are granted once per recertification cycle and/or edition of the course.
Accepted Documentation: Certificate of Completion

B. AFP Publications Quizzes

Maximum Credits Accepted: 36
Activity Description: Quizzes of twenty (20) questions with a pass rate of 85% based on AFP Exchange magazine and a pass rate of 80% based on AFP's Payments and Risk! e-newsletters. These quizzes can be found at www.AFPonline.org/ctpquiz.
Accepted Documentation: E-mail/letter from AFP indicating successful completion.

C. College/University Courses

Maximum Credits Accepted: 16
Activity Description: Successful completion of a graduate or post-graduate college/university course. This includes live instructor-led classes as well as internet/distance learning, CD-ROM or other self study programs that result in accredited college or university credit toward a degree program. Credits are earned at the rate of four (4) credits per semester hour. For example, a three-credit course would earn 12 credits. Undergraduate/introductory courses do not qualify for credits.
Accepted Documentation: Copy of course transcript indicating a passing grade.

D. Conferences, Seminars, Workshops, and Training Sessions

Maximum Credits Accepted: 36
Activity Description: Attendance at live events (not recorded). Program meetings of AFP/TMA Regional Associations are included in this category.
Accepted Documentation: Certificate of Program Completion/Attendance or Copy of Program Registration form.

E. Independent Study

Maximum Credits Accepted: 36
Activity Description: Print, audio, video and online formats or any combination. The activity must include a method of assessment of the completed work.
Accepted Documentation: A copy of satisfactory test or quiz result, written project, book review/report or certificate activity of completion. The number of credits awarded will be based on the average completion time determined by the sponsoring organization. A maximum of five (5) credits can be earned per book read.

F. Licenses and Certifications

Maximum Credits Accepted: 12
Activity Description: Earned licenses and certifications in professional areas related to treasury, finance, or accounting.
Accepted Documentation: A copy of the license or certificate including the date earned.

G. Published Articles and/or Books

Maximum Credits Accepted: 12
Activity Description: Published articles or books. Two credits will be awarded for each published page.
Accepted Documentation: For articles, a copy of the publication cover AND the index indicating length of article (number of pages). For books, a copy of the title page AND the verso with the publication date.

H. Teleconferences/Webinars

Maximum Credits Accepted: 36
Activity Description: A live presentation with web-based delivery of PowerPoint slides or other participant materials or pre-recorded presentations with a quiz. Quiz scores must be 80% or higher.
Accepted Documentation: Copy of Registration Confirmation or Certificate of Completion.

I. Speakers/Presenters & Academic Lecturers

Maximum Credits Accepted: 12
Activity Description: Service as a lecturer, presenter or teacher. Speakers receive two credits for every 50-minutes of presentation time. You may only claim credits once for a presentation given multiple times during a recertification period. Subject matter must relate to the topics in the current edition of Essentials of Treasury Management. CTP informational sessions presented to colleagues or your local AFP/TMA regional association may also be claimed for credit.
You do not get credit for presentations given as part of your everyday job responsibilities.
Accepted Documentation: Copy of program indicating or listing the (1) date, (2) presentation title, (3) description of presentation, and (4) your name as the presenter.
For courses taught at colleges/universities, provide a copy of the syllabus and course title and description from the course catalogue for the corresponding semester.

J. Thesis/ Dissertation

Maximum Credits Accepted: 12
Activity Description: A thesis or dissertation from a college or a university.
Accepted Documentation: Copies of the title page AND transcript listing the activity completed.

K. Volunteer Service/Leadership

Maximum Credits Accepted: 10
Activity Description: Holding executive officer or Board position or serving on a Committee or Task Force. Listed below are some examples of positions that qualify and the number of credits they earn per year. Certificants can submit more than one position for recertification. Total credits not to exceed maximum allowed.

Volunteer Position	Eligible Credits
Officer on the AFP National Board or other finance/accounting related organization	5 credits per one-year term
Officer on the board of a regional  AFP/TMA	4 credits per one-year term
Task Force Chair or Committee Chair with AFP National, Regional AFP/TMA or other treasury / finance / accounting related organization.	4 credits per one-year term
Task Force Member or Committee Member with AFP National, regional AFP/TMA or other treasury / finance/ accounting related organization.	3 credits per one-year term
Treasurer, accountant or other finance position at a non-AFP/TMA organization.  (i.e. the organization’s primary business focus does not need to be treasury, finance or accounting related)	2 credits per one-year term

Accepted Documentation: A copy of the program or publication listing your name OR a signed letter from an association officer or committee chair.

L. Career Development

Maximum Credits Accepted: 3
Activity Description: Treasury/finance career development activities are accepted. Credits are limited to a maximum of three (3) credits per cycle. Examples of acceptable career development topics include leadership oriented activities, treasury/finance job search strategies, or presentation skills.
Accepted Documentation: Copy of registration confirmation or certificate of completion.

M. Student Internship Supervision

Maximum Credits Accepted: 12
Activity Description: All certificants have to be approved in advance of earning this credit. Once approved, you may provide semester long supervision to Corporate Treasury Management Program students in a treasury setting.
Accepted Documentation: Completed evaluations from student, CTM Director, and CTP.

N. Association or Professional Society Membership

Maximum Credits Accepted: 12
Activity Description: Individual membership in a national, international or regional professional treasury, finance or accounting-related association.

MEMBERSHIP TYPE	ELIGIBLE CREDITS
AFP National, AFP of Canada, Corporate Treasurers Council or Society of Canadian Treasurers	4 credits per year
Other National or International Association	2 credit per year
Regional AFP/TMA	1 credit per year

Accepted Documentation: A copy of your membership ID card, a receipt for membership or a letter from the association.

O. On-the-Job Experience

Maximum Credits Accepted: 15
Activity Description: Recertification credit can be earned for a first-time work experience if the activity adds to the understanding of the Essentials of Treasury Management body of knowledge. In other words, the experience must have a "value-added" feature in the final work product that requires certificants to learn new things.

Examples of on-the-job projects that qualify include:

• Research, design and implementation of an in-house bank.
• Issue a RFP, evaluate responses, select a vendor, implement the product/service
• Develop, test, and implement a comprehensive plan for business continuity in treasury
• Research, design and implementation of an efficient automated process for treasury reporting

Projects that are part of your every day job responsibilities are not eligible for credits.
Accepted Documentation: A written description of the project mapped to the areas of the body of knowledge, Essentials of Treasury Management, signed by your supervisor.
One credit is earned per 50 minutes of time spent researching, designing and implementing the new work product.

All policies, procedures and decisions regarding the Recertification Reporting Guidelines are approved by the Certification Committee. The Certification Committee provides ongoing oversight to the program and periodically reviews and revises the policies to ensure the practical and equitable application of recertification procedures.

Contact the Certification department with any questions
Phone: 301.907.2862
Fax: 301.907.2864
Email: recertification@AFPonline.org

Has your certificate been lost or damaged? Have you recently had a name change? If so, you can request a new certificate. Submit a completed Certificate Reprint form and $15 USD fee (taxes may apply), either by fax or mail. Please allow 3-4 weeks for delivery. Click here to download the form.