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Certificate for Documentary Credit Specialists (CDCS)

Professional Qualifications

Certificate for Documentary Credit Specialists (CDCS)

Recognised worldwide as a benchmark of competence in documentary credits, CDCS will build your skills and help you advance your trade finance career.

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About the qualification

As a trade finance professional, you understand the importance of documentary credits and the need to ensure that all parties adhere to the international guidelines.

CDCS will improve your knowledge and understanding of the complex issues associated with documentary credit best practice. You’ll learn to:

  • understand documentary credits – the products, parties, processes and rules that underpin documentary credit transactions
  • identify documentary credit risks, breaches and irregularities
  • manage documentary credit transactions
  • apply knowledge of processes, ICC rules and trade terms.

CDCS is a globally recognised standard of competence, which we created with industry experts and manage in partnership with the International Chamber of Commerce (ICC).

Your studies will cover

  • The types, characteristics and uses of documentary credits and standby letters of credit
  • Rules and trade terms, including UCP 600, ISP98, ISBP 745, Incoterms® 2020 and URR 725
  • Parties to documentary credit transactions and their roles and obligations
  • Types and methods of payment and credit used in documentary credit transactions, including the concept of autonomy
  • Types of transport, commercial and financial documents used in documentary credit transactions
  • Related products including letters of indemnity, air way releases and steamship guarantees
  • The implications of breaching rules including money laundering and terrorist financing

Benefits for you

  • 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 ‘CDCS’ after your name for the three-year validation cycle
  • Advance your career and promotion prospects
Registration fee £595
When to apply? Registrations are open all year round
No. of modules       One
Average time to complete Six months
Study type This qualification is on demand. Everything is online and you can study at a pace that suits you.
Study material
  • Unit syllabus
  • Student handbook
  • Study text
  • Specimen paper
  • Exam simulation exercises
  • e-Quiz and,
  • A student-led forum
Brightspace-logo
You will be learning on our new VLE Brightspace, click on the logo to find out more.
Assessment type Three hour and 15-minute examination with multiple-choice questions and document checking exercises
Assessment provider You can book your exam at any designated test centre around the world
Regulation Level 4, Ofqual and the Regulated Qualifications Framework (RQF)

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Endorsed by


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Units

CDCS consists of one unit.

Unit 1: Principles and Practices of Documentary Credit Transactions (PDT)

  • Documentary credits – types, characteristics and uses, including standby credits
  • Rules and trade terms, including UCP 600, ISP98, ISBP 745, Incoterms® 2020 and URR 725
  • Parties to documentary credit transactions and their roles and obligations
  • Types and methods of payment and credit used in documentary credit transactions, 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
  • Related products, including letters of indemnity, air way releases and steamship guarantees

Studying

CDCS is an online qualification available on demand through our VLE platform, Brightspace, which you will be able to access through your own personal MyLIBF account. Everything is online, so you can study anytime, anywhere on any device and fit your learning around your work and life commitments.

When you register for CDCS, you’ll also have access to:

  • the unit syllabus
  • a student handbook
  • a specimen paper
  • exam simulation exercises
  • e-quiz, and
  • a student-led forum.

You can complete CDCS in six months, but if you need longer you will still have access to Brightspace and resources for one year from registration.

CDCS Registry

The international CDCS Registry contains the names of those who hold the CDCS designation.

If you complete CDCS successfully, your details will be added to the registry though this may take up to 30 days after your receive your results. You'll need to recertify successfully every three years to ensure your name remains on the registry.

If you have any queries, please email customerservices@libf.ac.uk or call +44 (0)12 2781 8609.

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Assessment

You’ll be assessed in an exam that lasts three hours and 15 minutes. The examination is split into two sections:

  • Section A – 60 multiple-choice questions
  • Section B – ten multiple-choice questions and three document checking exercises
  • You can book your exam at any designated test centre around the world and will get your results within 24 hours.


How To Book Your Pearson VUE Exam | LIBF 

Recertification 

Your CDCS designation will remain valid for three years. To retain it, you need to take part in the recertification programme or retake the exam at the end of the three-year period.

Find out about CPD and recertification for trade finance professionals.
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International students registration

Registrations and queries for students from Bangladesh, China, Indonesia, Malaysia and South Korea should be directed to the email addresses and telephone numbers provided under the relevant country below.


The Secretary General
ICC Bangladesh Suvastu Tower (56th Floor), 69/1 Pantha Path, Dhaka-1205 Bangladesh
Email: arahman@icc-bd.org or iccb@bdmail.net
Phone: 880-2862-1942 or 880-29676698

Ms Deng Mo
Training Center of CCPIT and CCOIC No 2 Huapichang Hutong
Xicheng District
Bejing, 100035 China
Email: cdcschina@ccpit.org
Phone: (+8610) 8221 7297

ICC Indonesia Tempo Pavilion 1 building 8th Floor Jl HR Rasuna Said Kav 11 Jakarta 12950 Indonesia
Email: icc@iccindonesia.org
Phone: (+62) 21 29667914 or fax (+62) 21 29667915

ICC Malaysia Level 26 Menara Hong Leong No 6 Jalan Damanlela Bukit Damansara 50490 Kuala Lumpur Malaysia
Email: icc.cpk@rdl.com.my
Phone: 03-2632 9999

Ms Sangkyung Kim
Korea International Finance Institute KIFI Building 50-8 Toegyero 20 Gil, Jung-gu Seoul 100-042
Korea
Email: kifi01@naver.com 
Phone: (+82) 2 778 0808

International Chamber of Commerce – Thailand 150/2 Rajbopit Road
Watrajbopit Pranakorn
Bangkok 10200
Thailand
Email: admin@iccthailand.or.th 
Phone: (+662) 622 218

The Bankers Association for Finance and Trade (BAFT)
Washington Office
1120 Connecticut Avenue
NW Washington DC 20036
USA
Email: info@baft.org
Phone: (+1) (202) 663-7575 or fax (+1) (202) 663-5538

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