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Certified Documentary Credit Specialist (CDCS) Exam April 2024 Registrations

Outcomes

Types, characteristics and uses of documentary and standby letters of credit
Rules and trade terms
- Parties to documentary credit transactions and their roles and obligations
- Types and methods of payment/ credit used in documentary credit transactions

Types of transport, commercial and financial documents used in documentary credit transactions

Related products including letters of indemnity
Implications of breaching rules including money laundering and terrorist financing

195

Principles and Practices of Documentary Credit Transactions

Exams

Fees:

Key Facts:

Comprehensive learning materials including detailed study text, study resources, student handbook

After completing CDCS:

You will be able to use the designation ‘CDCS’ after your name for three years and be included on the CDCS Registry.
You can renew your designation after three years by committing to an ongoing programme of continuing professional development (CPD) for maintaining and enhancing your knowledge in International Trade.
Alternatively, if you prefer, you can register to resit the exam at the end of the three year period.
Upon completing the recertification cycle five times, you will be designated ‘CDCS Advocate’.

Exams

Single 3-hour exam split into two sections:

Section A – 60 multiple-choice questions
Section B – 10 multiple-choice questions, 3 in- basket exercises each with 5 linked multiple-choice questions and 3 simulation exercises

Candidates will have to book their exam with Pearson VUE when they are ready.

Candidates will receive all the necessary instructions once they are registered with LIBF.

All study material will be provided online.

For more informations please visit: https://www.libf.ac.uk/