04/10/2016
CDCS® was developed in partnership by ifs University College (The
London Institute of Banking & Finance from 15 September 2016), IFSA (now
BAFT) and ICC.
Objectives:
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Demonstrate a level of expertise in documentary
credits that is recognised worldwide.
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Improve knowledge and understanding of the
complex issues associated with documentary credit best practice.
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Develop the skills to apply knowledge in the
workplace and to perform at a high level.
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Add the professional designation ‘CDCS' after an
individual's name.
Assessment:
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Multiple-choice examination based on knowledge
and application of that knowledge:3 hours.
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Section A: 60 multiple-choice questions worth
one mark each.
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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:
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Types, characteristics and uses of documentary
credits.
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Rules and trade terms.
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Parties to a documentary credit transaction and
their roles and obligations.
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Types and methods of payment / credit including
the concept of autonomy.
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Types of transport, commercial and financial
documents used in documentary credit transactions.
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Risk issues, including types of risks, control
and possible mitigations.
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Implications of breaching rules including money
laundering and terrorist financing.
Source: http://cdcs.libf.ac.uk
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 www.tradefinance.training
