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Trade and transaction banking Certificate for Specialists in Demand Guarantees (CSDG)

Certificate for Specialists in Demand Guarantees (CSDG)

The Certificate for Specialists in Demand Guarantees will develop your understanding of industry rules, legislation and the challenges relating to demand guarantees and standby letters of credit.

After studying CSDG, you will be able to demonstrate a high level of expertise in the complex issues associated with demand guarantee best practice.

The Certificate for Specialists in Demand Guarantees is a Level 4 qualification registered with Ofqual in the Regulated Qualifications Framework (RQF).

While studying with us, you’ll become a Member of LIBF (MLIBF), receiving benefits including careers support and access to professional networking events.

  • Supported by Bankers Association for Finance and Trade (BAFT)

  • Endorsed by International Chamber of Commerce (ICC)

  • Qualify in as little as six months#

  • Study online – anytime, anywhere on any device

  • Access research tools and industry analysis through KnowledgeBank and Financial World magazine

  • Demonstrate your expertise with an internationally recognised qualification

  • Add the professional designation ‘CSDG’ after your name for the three-year validation cycle

  • Advance your career and promotion prospects

Key information


  • £695 for the full qualification

Study duration

  • You'll have 12 months from registration to complete the qualification

  • Everything is online, so you can study at a pace that suits you


  • One unit

Your studies will cover

  • Demand guarantees – including tender, performance and advance payment

  • Indemnities, suretyships and standby letters of credit and how they compare

  • Scope of industry rules including URDG 758 and ISP98

  • Parties involved in demand guarantees and their roles and obligations

  • Risk issues, including types, control and mitigations

  • Impact of external factors including governing law and force majeure

Your qualification at a glance


Exams are on-demand.

Your first exam is included in the registration fee for each module.

You'll receive a digital certificate once you have passed.


Registered with Ofqual in the Regulated Qualifications Framework (RQF)

Unit information

What study materials do I get?

As part of the registration fee you'll get access to:

  • a student-led discussion forum

  • unit syllabus

  • online study materials

  • specimen paper

  • online access to our student portal MyLIBF

  • online access to our virtual library KnowledgeBank.


CSDG is assessed through a 3-hour and 15-minute multiple-choice examination split into two sections:

  • Section A: 50 multiple-choice questions

  • Section B: 10 standalone multiple-choice questions, one case study with 6 linked multiple-choice questions and 6 simulation exercises

Your first exam is included in the registration fee. If you need to retake an exam a resit fee will be payable.

You can choose when to take your exam and pick from test centres nationwide.

Exam and assessment information


Registration is open all year round.

You can also call our Student and Customer Services team on +44 (0)1227 818609 or talk to them on live chat.

Full qualification


price includes study materials and exam entry
Additional costs

Corporate bookings

If you are a company and want to register a cohort of students onto CDCS please email trade@libf.ac.uk for further information.

Request more information

International students registration

Students from Bangladesh, China, Indonesia and South Korea should contact a relevant country contact to register for CSDG.

CSDG Registry

The international CSDG Registry contains the names of individuals that hold the CSDG designation.

It may take up to 30 days for an individual’s details to appear after receiving their results. If an individual has not passed, their details will not be in the registry. If they don’t successfully recertify after three years, their names are removed from the registry.

Search CSDG Registry

Contact us about our professional qualifications

If you have any questions about our professional qualifications in finance and banking, please contact our customer services team.

Our office is open Monday to Friday from 8.00am to 6.00pm GMT.