Certificate for Documentary Credit Specialists (CDCS)

CDCS (Certified Documentary Credit Specialists) Certification Training

CDCS Certification is recognized worldwide as a benchmark of competence in documentary credits. CDCS certification will build your skills and help you advance your trade finance career. It enables documentary credit practitioners to demonstrate practical knowledge and understanding of the complex issues associated with documentary credit practice.

As a trade finance professional, you must understand the importance of documentary credits and the need to ensure that all parties adhere to the international guidelines, you’ll learn to:

It improves your knowledge and understanding of the complex issues associated with documentary credit best practice
It helps you to learn how to comply with regulatory requirements
Understand documentary credits – the products, parties, processes, and rules that underpin documentary credit transactions
Identify documentary credit risks, breaches, and irregularities
Manage documentary credit transactions
Apply knowledge of processes, ICC rules, and trade terms.

There are no entry requirements to undertake the CDCS examination. However, it is strongly recommended that candidates have minimum of three years of documentary credit experience.

The types, characteristics and uses of documentary credits and standby letters of credit,
Rules and trade terms, including UCP 600, ISP98, ISBP 745, Incoterms,
Parties to documentary credit transactions and their roles and obligations,
Types and methods of payment and credit used in documentary credit transactions, including the concept of autonomy,
Types of transport, commercial and financial documents used in documentary credit transactions,
Related products including letters of indemnity, airway releases, and steamship guarantees,
The implications of breaching rules including money laundering and terrorist financing.

Awarding Body:	The London Institute of Banking and Finance
Registration Fee	£615 – Price includes your study materials and exam entry
When to apply?	Registrations are open all year round
No. of Modules	One
Average Time to Complete	Six Months
Study Type	This qualification is on demand. Everything is online and you can study at a pace that suits you.
Assessment Type	Three hour and 15-minute examination with multiple-choice questions and document checking exercises spilt into two sections: Section A- 60 Multiple Choice Questions Section-B-Ten Multiple Choice Questions and three document checking exercises. You can book your exam at any designated test center around the world and will get your results within 24 hours.
Assessment Provider	You can book your exam at any designated test center around the world