About the CDCS

The Certificate for Documentary Credit Specialists (CDCS) is a professional qualification that is recognized worldwide as a benchmark of competence for international practitioners. It enables documentary credit practitioners to demonstrate practical knowledge and understanding of the complex issues associated with documentary credit practice.

CDCS was developed in partnership by the Institute of Financial Services and endorsed by the International Chamber of Commerce (ICC) and was designed in consultation with industry experts to ensure that the qualification reflects best practice.

2013 Partnership Renewal - Press Release

CDCS develops core knowledge and understanding of the following areas:

• Documentary credits - types, characteristics and uses, including standby credits

• Rules and trade terms, including UCP600, ISP98, Incoterms 2010 and URR725

• Parties to documentary credit transactions and their roles and obligations

• Types and methods of payment/ credit used in documentary credittransactions, 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 mitigations

• Related products, including letter of indemnity, Air Way Releases and Steamship Guarantees

Official CDCS Website - Click Here

Why Study CDCS?

This will enable you to demonstrate a level of expertise in documentary credits that is recognized worldwide as well as improve your knowledge and understanding of the complex issues associated with documentary credit best practice. In addition, this will help to develop the skills to apply your knowledge in the workplace and to perform at optimum levels. Obtaining this certification will give you the right to add the professional designation ‘CDCS’ after your name and work to improve your career and promotion prospects.

Registration

The next registration for CDCS will begin on October 1, 2013 and must be received on or before January 31, 2014.

Registration Page - Click Here

Download the PDF - Click Here

About the International Chamber of Commerce (ICC)

The International Chamber of Commerce (ICC) - the World Business Organization - is the largest, most representative business organization in the world. With hundreds of thousands of member companies in +130 countries have interests spanning every sector of private enterprise.

The ICC Banking Commission is a leading global rule-making body for the banking industry. It produces universally accepted rules and guidelines for international banking practice and has rightly gained a reputation of the most authoritative voice in the field of trade finance.

More Information - Click Here

About the Institute of Financial Services (IFS)

The Institute of Financial Services supports and promotes professionalism in the regulated advice sector and the wider financial services industry. It does so through the provision of qualifications, continuing professional development services and through the dissemination of best practice.

The Institute is a division of the ifs School of Finance, a registered charity, incorporated by RoyalCharter. It is an FSA Accredited Body and is recognized as an awarding organisation by Ofqual.

IFS Website - Click Here