CT4 is one of the nine Core Technical (CT) subjects. Students need to pass or obtain exemptions from all of the CT subjects. Visit Exam exemptions for more information about how to apply for exemptions from the professional exams.
There are two opportunities each year to sit this exam: in April, and in September/October.
For the April exam sitting, bookings will open in January/February each year; for the September/October exam sitting, bookings will open in July. Exam bookings are open for a limited period for each exam, and you must make your application by the closing date given on the form. You will need to pay the exam fee when you apply for the exam.
The exams will be based on the syllabus as supported by the core reading. The ActEd course material will be the main source of tuition as it expands on the core reading. However, if you need clarification on some points, or want to read further, then you may find it useful to consult the texts suggested on the resources page to get a different viewpoint.
The recommended study time for this exam is between 125 and 150 hours depending on your past educational background in the subject
To gain exemptions through a university course, it is necessary to successfully complete the full degree or diploma and to gain sufficiently high marks to qualify for subject exemptions
Check our list of University courses with exemptions.
- 19 August 2016
- 23 August 2017
- 27 June 2018
- 29 January 2018
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Provides an introduction to stochastic interest rates
Introduces the concepts of statistical distributions and modelling.
Develops the application of Markov chains
Develops the concepts introduced here further.
Uses the models and principles introduced in CT4.
Use the models and principles introduced in CT4.
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