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Certificate in International Trade and Finance (CITF®)

Professional Qualifications

Certificate in International Trade and Finance (CITF®)

CITF enables trade services specialists to demonstrate expertise on the key procedures, practices and legislation of international trade finance and their readiness for career progression.

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About the qualification

This international trade certification combines the acquisition of technical knowledge with the skills to apply that knowledge to real situations. We've developed it in consultation with trade finance experts from across the world.

CITF enhances your knowledge of the products, documents, trade terms, roles and responsibilities that underpin international trade and finance. The CITF qualification also helps you develop a basic understanding of fraud prevention and risk in trade finance.

Studying CITF covers:

  • the trade environment and the role of the International Chamber of Commerce (ICC)
  • ICC international model contracts
  • an introduction to trade terms and Incoterms®
  • the nature of financial, commercial and transport documents used in international trade
  • risk and mitigation including foreign exchange hedging
  • methods of payment including open account, collections, documentary credits and bank payment obligations
  • short, medium and long-term trade finance
  • Islamic trade finance
  • dispute handling, arbitration and resolution
  • prevention of both fraud and money laundering.
CITF is a Level 3 qualification registered with Ofqual in the Regulated Qualifications Framework.
    

Supported by

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Key facts

  • Exams are held in April and October each year
  • Comprehensive study materials are provided
  • On completion, you can use the ‘CITF’ designation after your name
  • You earn CPD learning hours/ Personal Development Units (PDUs) towards CDCS® and CSDG® Recertification

The Annual Trade Finance Compliance Conference

We invite you to join us in London, on the 16 – 17 May 2019 for our 2nd Annual trade conference. Key speakers will discuss the current issues in the Trade Finance sector.

Find out more




Units

Unit - The International Trade and Finance Environment

J/506/0459

CITF consists of one unit which includes:

  • an introduction to the international trade environment
  • development of understanding on commonly used documents, trade terms, trade methods and exchange risk
  • understanding the products available to deliver satisfactory solutions to problems faced in the international trade and finance environment
  • an overview of the impact and significance of sanctions, corruption, money laundering and fraud in international trade

CPQ Blue Testimonial

"CITF helps me to contact my suppliers with confidence and I am now in a position to demonstrate to my company/suppliers about the international trade activities and finance products available to meet our business requirements."

CITF student from China

Studying

CITF is a self-study qualification and following registration you will be sent a detailed study text covering the syllabus and containing review questions and activities. A specimen paper is also available to download. In addition to printed materials, students will also receive online access to the study resources.

Assessment

CITF is assessed through a 2-hour paper-based objective exam split into two sections:

  • Section A - 80 multiple-choice questions
  • Section B - four case studies with 5 linked multiple-choice questions

CITF is examined in over 40 countries at designated international centres.

DipFa
Financial-advice-tutorial
CPQ-lecture-LIBF

International students registration

Registration forms for students from Bangladesh, China, Indonesia and South Korea should be sent to the addresses detailed under the relevant country below.

Further details and any queries should be directed to the email addresses and telephone numbers provided.


The Secretary General
ICC Bangladesh
Suvastu Tower (56th Floor)
69/1, Pantha Path
Dhaka-1205, Bangladesh.

If you have any queries, please email arahman@icc-bd.org or iccb@bdmail.net or call 880-2862-1942 or 880-29676698.

Ms. Liu Meiyi
Training Center of CCPIT &CCOIC,
No. 2 Huapichang Hutong,
Xicheng District, Bejing, 100035
China

If you have any queries, please email citfchina@ccpit.org or call (+8610) 8221 7297.

ICC Indonesia
Tempo Pavilion 1 building 8th Floor
Jl. HR. Rasuna Said Kav. 11
Jakarta 12950
Indonesia.

If you have any queries, please email icc@iccindonesia.org or call (+62) 21 29667914 or fax (+62) 21 29667915.

Ms Sangkyung Kim
Korea International Finance Institute
KIFI Building, 50-8,
Toegyero 20 Gil
Jung-gu
Seoul 100-042
South Korea

If you have any queries, please email kifi01@naver.com or call (+82) 2 778 0808.

Register your interest

By registering your interest you will receive updates regarding our qualifications and services within this area.

Please select at least one qualification


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Frequently Asked Questions

Your registration and payment must be received by the deadline published on the qualification page.  We recommend registering as early as possible to allow yourself sufficient time to study and prepare for your exam. 

Your registration fee includes study materials and access to an online Virtual Learning Environment (VLE) in your MyLIBF account.

Online study materials will be made available within 24 hours of payment. We aim to send a hardcopy of your study text within five working days of receiving your registration fees. It will be delivered by courier and, in all cases, requires a signature. If it has not arrived within four weeks, you should let us know.

Your result will be available six weeks after the exam. It is available in your MyLIBF account under ‘Assessment details & results’ and we will send you a reminder a few days before release.

We will email information about your certificate a few days after you achieve your pass. You will receive your certificate within 60 working days from the issue of your result.

These are sent by standard airmail and not by courier, so no tracking information is available.

If you have not received your certificate within 60 working days of the confirmation of your result, you will need to complete a certificate re-issue form. Your certificate will be issued free of charge as long as the completed form is received within two weeks of this timescale. After this period, a fee of £48 will apply.

Re-issued certificates can be sent by a courier for an additional fee of £30. This should be included at the time of submitting your form.

Our international venue list is available on our exam venue page.

Exam venues

The venue address will be released about five weeks before the exam date in an exam attendance notice found in your MyLIBF account. We will email you once your attendance notice is available.

You may be able to change your venue. Please contact us on customerservices@libf.ac.uk at least eight weeks before your exam date to see if it is possible and to ensure we have enough time for any changes to be made.

If we do not have a venue locally for your exam, you may want to consider asking your employer to host it at your place of work. Your enquiry must be submitted at least four months before your exam date. Please contact us on customerservices@libf.ac.uk for further details.

It is possible to defer your exam to a later date. You are able to do this once free of charge as long as your request is received by the registration deadline of the session you are registered for. There will be a fee for any further deferrals. You can defer the date of your exam up to three weeks after the registration deadline, however a fee will apply.

If you are unable to attend your exam due to mitigating circumstances such as a sudden illness, please contact us on customerservices@libf.ac.uk straight away as you may be eligible for Special Consideration. To be eligible you will need supporting documentary for evidence.

Contact

For registration and other enquiries please contact Student and Customer Services on +44 (0)12 2781 8609.

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