If you’re a trade finance professional looking to upskill, you may be interested in the Certificate in International Trade and Finance (CITF). In this article we look at what CITF covers and hear from those who’ve studied it on how it’s helped them progress their careers.
What is the CITF qualification?
CITF provides an in-depth overview of all the products, key procedures and practices used in international trade finance. It gives trade finance professionals the opportunity to broaden their skills and knowledge on:
- the international trade environment
- the traditional trade finance products, like documentary credits, demand guarantees and collections
- supply chain finance and all other forms of finance
- trade-based financial crime compliance
- digital disruption and innovation
- export credit insurance.
CITF’s an internationally recognised qualification, which is:
- supported by the Bankers Association for Finance and Trade (BAFT)
- endorsed by the International Chamber of Commerce (ICC).
The great thing about CITF is that you have the flexibility to study anywhere you want at a time that works for you, as it’s an online course. So, your studying won’t interfere with your work and other commitments.
Why is international trade finance important?
International trade – the exchange of goods and services across national borders – poses many risks and challenges to sellers and buyers. Trade finance is a set of products that support international trade and mitigate the main risks.
How do you register for CITF?
Our online registration system makes it easy for you to register for CITF. You’ll then have a year from registering to complete the course and sit your exam.
Your assessment will be a two hour exam and will consist of two sections:
- 80 multiple-choice questions
- four case studies with five linked multiple-choice questions.
You can book your exam at any designated test centre around the world.
How can studying CITF help your career?
CITF will give you a thorough understanding of all the products used in trade finance and will teach you how to apply this knowledge to real situations. It will enable you to perform your job more effectively and to demonstrate your expertise, increasing your career potential.
Christoph Buchmann, Head of International Trade Credit Business at SÜDVERS, completed CITF in 2015 because he wanted to broaden his “professional perspective”.
Christoph, who has also studied our Certificate in Trade Finance Compliance (CTFC), says, “There are quite a few international trade credit insurance brokers, but not many with a recognised ability to offer a one-stop-consultation in trade credit, trade finance and trade finance compliance.”
Lu Wei, Operations Manager at China Construction Bank, passed CITF in 2017.
“Learning and preparing for courses and exams can significantly raise and broaden your international vision,” she says. “You get access to cutting edge information in trade finance.”
And when you’ve successfully completed the exam, you can add the professional designation CITF after your name.
How do I continue my professional development after CITF?
You could continue to expand your trade finance knowledge by studying for another trade and transaction banking qualifications. CITF counts towards continued professional development (CPD) learning hours or personal development units (PDUs) towards our other trade finance qualifications including:
- Certificate for Documentary Credit Specialists (CDCS)
- Certificate for Specialists in Demand Guarantees (CSDG)
- Certificate in Supply Chain Finance (CSCF)
- Certificate in Trade Finance Compliance (CTFC)
Once you’ve successfully completed three trade finance qualifications, you'll be awarded a Diploma for Qualified Trade Finance Specialists (QTFS), which will set you apart from the competition.
Find out more about CITF