Certified Corporate Trust Professional® (CCTP®)

Overview

The Certified Corporate Trust Professional® (CCTP®) certification addresses the needs and requirements of professionals working in Corporate Trust activities in both public and private sectors. This certification is based on an established set of industry-wide competencies covering concepts, rules, regulations, laws, and standard operating procedures essential for proficiency in the corporate trust field.

The CCTP® designation is a recognized credential in the financial services industry, demonstrating an individual's expertise in corporate trust operations and management. Obtaining this designation requires completion of the three-level Corporate Trust School curriculum and passing the CCTP® exam.

Each course in the curriculum emphasizes the role of the trustee, securities laws, asset-backed securities, and corporate trust administration. This curriculum serves at the forefront of the industry in areas of capital markets, mergers and acquisitions, default management, and global trustee issues related to corporate trust services.

Corporate trust professionals and regulators interact together, learning to navigate the complexities of the corporate trust field, understand the significance of regulatory compliance, and effectively manage corporate trust operations. This unique environment fosters an atmosphere of collaboration and professional growth.

Who Should Become a CCTP®?

Corporate Trust and Agency Services Professionals
Are you navigating the complex landscape of corporate trust and agency services? The CCTP® designation is your compass. Whether you're managing corporate bonds, structured finance products, escrow services, or loan administration, this certification enhances your expertise across the board. Imagine confidently handling intricate financial structures, serving as a trusted intermediary between issuers and investors, and masterfully overseeing a wide range of trust services. With CCTP®, you'll elevate your ability to provide top-tier service in this multifaceted field, from debt trustee services to complex financial arrangements.

Municipal and Government Trust Professionals
Are you tasked with managing trusts for public entities? The CCTP® designation equips you with specialized knowledge in public finance and government bond issuances. Imagine confidently navigating complex municipal trust structures and ensuring compliance with specific government regulations. With CCTP®, you'll become the go-to expert for public sector trust management, adept at handling the unique challenges and requirements of governmental financial instruments and structures.

Compliance and Risk Management Professionals
Are you responsible for ensuring regulatory compliance and managing risk in trust operations? The CCTP® curriculum strengthens your ability to navigate the complex regulatory landscape of corporate trust services across various sectors. Imagine being the cornerstone of your organization's compliance efforts, confidently managing risk across diverse trust service areas. The CCTP® designation enhances your capacity to interpret and apply regulations, implement robust risk management strategies, and ensure the integrity of trust operations in both public and private sectors.

Curriculum

The Corporate Trust program consists of three courses, each building upon the knowledge gained in the previous one. This comprehensive curriculum is designed to equip professionals with in-depth knowledge and skills across the diverse areas of corporate trust operations, administration, and management within the financial services industry.

Corporate Trust I: This course provides a foundation in corporate trust, covering topics such as capital markets overview, role of the trustee, securities laws and Trust Indenture Act, fundamentals of ABS and MBS securities, municipal and corporate administration, account acceptance process, and basic operations functions and investments.

Corporate Trust II: In this course, participants delve deeper into the principles of corporate trust management. It covers policies and procedures, audits, mortgage and asset-backed securities, tax-exempt housing and student loans, defaults and bankruptcy, Trust Indenture Act procedures, litigation and depositions, and an introduction to fees, pricing, and relationship selling.

Corporate Trust III: The final course focuses on advanced topics and current issues in corporate trust. It includes critical issues and updates, proprietary mutual funds, sales tactics and product development, mergers and acquisitions, case law updates, advanced risk management issues, and global trustee issues. Successful completion of this course prepares participants to take the CCTP® designation exam.

Exam

The Cannon CCTP® certification requires designation candidates to successfully pass the certification examination as one of the requirements to earn the designation. The CCTP® certification examination allows the CCTP® Board of Standards to determine if a candidate possesses the minimum requisite knowledge expected of a certified professional in the domain of Corporate Trust.

Prerequisites to sit for the CCTP® Certification Exam

The CCTP® Board of Standards has eligibility requirements which must be met before a candidate may earn the Cannon Certified Corporate Trust Professional® designation. The exam application process ensures that candidates have met these requirements, which are:

• Three years of industry experience and a four-year degree from an accredited college or university
• Complete an approved study program
• Complete the CCTP® application
  
  • Submit a Letter of Recommendation
  • Agree and sign the CCTP® Professional Ethics and Code of Conduct Standards
  • Pay the CCTP® exam fee

OR

• Five years of industry experience
• Complete an approved study program
• Complete the CCTP® application
  
  • Submit a Letter of Recommendation
  • Agree and sign the CCTP® Professional Ethics and Code of Conduct Standards
  • Pay the CCTP® exam fee

CCTP® Exam Responsibility and Validity

As the issuing authority of the CCTP® certification, the Board of Standards is charged with creating exams that are representative of the appropriate knowledge and skills for a credentialed professional in the domain of Corporate Trust. Cannon uses its extensive experience in training, supporting and preparing professionals in the financial services industry to establish the evaluation model and requisite examination questions that ensure candidates have the necessary knowledge competencies for a CCTP®.

Our faculty and exam writer’s deep and tenured experience in the areas of training and supporting professionals, learning theory and standardized test construction ensures exam questions are appropriate, match the certification competency sets and meet ISO quality standards of fairness and accessibility in compliance with ADA section 19.