An introduction to CDCS ®


CDCS® was developed in partnership by ifs University College (The London Institute of Banking & Finance from 15 September 2016), IFSA (now BAFT) and ICC.



  • Demonstrate a level of expertise in documentary credits that is recognised worldwide.
  • Improve knowledge and understanding of the complex issues associated with documentary credit best practice.
  • Develop the skills to apply knowledge in the workplace and to perform at a high level.
  • Add the professional designation ‘CDCS' after an individual's name.



  • Multiple-choice examination based on knowledge and application of that knowledge:3 hours.
  • Section A: 60 multiple-choice questions worth one mark each.
  • Section B: 10 multiple-choice analysis questions worth one mark each, 3 in-basket exercises with 5 questions per exercise worth one mark each, and 3 simulation exercises with a maximum 5 marks per simulation.


Learning objectives:

  • Types, characteristics and uses of documentary credits.
  • Rules and trade terms.
  • Parties to a documentary credit transaction and their roles and obligations.
  • Types and methods of payment / credit including the concept of autonomy.
  • Types of transport, commercial and financial documents used in documentary credit transactions.
  • Risk issues, including types of risks, control and possible mitigations.
  • Implications of breaching rules including money laundering and terrorist financing.





We provide separate on-line training modules that expand in depth upon all aspects of the handling of documentary credits and the content of ISBP 745. More comprehensive information can also be found in the CDCS ® modules at

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