Managing the CDCS Examination



  • 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.


It is our strong recommendation that practitioners take on this qualification. Not only does it ensure that you are then recognised as experienced in the field, but the course will also ensure that you have a solid grounding in, and strong knowledge of, the subject matter.


In order to help students in their study, we have developed on-line training material for the CDCS ® examination. This is comprised of 10 modules with each module aligned to specific chapters of the CDCS ® syllabus book 'Guide to Documentary Credits' 5th edition. In addition, we have developed an assessment that consists of 60 multiple-choice questions that can be used to familiarise yourself with the style of questions that are asked in the examination.

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