Zabeel Institute offers a 60-hour intensive course to prepare students for the Certified Documentary Credit Specialist (CDCS) exam. The CDCS qualification is recognized worldwide and demonstrates expertise in international trade practices related to documentary credits. Key benefits of the CDCS include improved career prospects, demonstrating commitment to the industry, and helping companies recruit specialized trade professionals. The CDCS exam consists of multiple choice and case study questions testing knowledge of topics like documentary credit rules, document types, risk management, and related products. Maintaining the CDCS requires ongoing professional development every three years to stay up to date with industry changes.
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CDCS (Certified Documentary Credit Specialist)
1. Certified Documentary Credit Specialist
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Training sessions to result in longer-term impact?
CDCS
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What is CDCS
The Certified Documentary Credit Specialists (CDCS ) is a professional qualification recognized
worldwide as a benchmark of competence for international trade practitioners. It enables doc-
umentary credit practitioners to demonstrate practical knowledge and understanding of the
complex issues associated with documentary credit practice.
Achieving CDCS allows you to add the professional designation ‘CDCS’ after your name,
improving your career and promotion prospects. For Trade Practitioners In a highly competitive
global market, the CDCS designation puts you head and shoulders above your peers by
demonstrating your commitment to the industry and deep knowledge as a trade professional.
LONDON INSTITUTE OF BANKING AND FINANCE & BAFT
The CDCS program has been developed and is continually reviewed by BAFT and The London
Institute of Banking & Finance and industry experts to ensure that the certification reflects
industry standards and best practices. CDCS is the international standard for documentary
credit specialists, based on the ICC rules.
Why Study CDCS?
The benefits of continuing professional development include the following:
• It enables you to demonstrate a level of expertise in documentary credits recognized
worldwide
• It improves your knowledge and understanding of the complex issues associated with
documen tary credit best practice
• It helps you develop the skills needed to apply your knowledge in the workplace and
maximize your performance
• It helps you to learn how to comply with regulatory requirements
• It fosters innovation in customer service and improves your customer relationships
• On completion of the CDCS qualification you will be able to use the designation
‘CDCS’ after your name for three years and be included on the CDCS Registry.
WHY BANKS AND BUSINESS ORGANISATIONS VALUE CDCS QUALIFICATIONS :
Companies striving to find and recruit new staff having CDCS Qualifications because :
1) Certificate for Documentary Credit Specialists are recognized as the Highest Qualified
International Trade Practitioners and they demonstrate the highest level of knowledge and
understanding of the complex issues associated with documentary credit practice.
2) The Benefits of CDCS Certification – – for Financial Institutions. With a team of CDCS
certified professionals, banks are able to showcase to prospective clients their capabilities to
handle letters of credit and resolve challenging questions and issues. Their business relies on
the delivery of quality services for banking and corporate clients. CDCS certification can assure
their clients that their professional trade group is deeply knowledgeable and that their business
transactions are safe, secure, and technically sound.
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3. As per Leadership and Learning Development Executive at Global Financial Institution
“CDCS is seen as an elite certification, demonstrating our team’s expertise to our clients. But
achieving and maintaining the CDCS certification also serves as a critical career developmental
program for our highly trained employees to expand and deepen their own capabilities, lead their
teams, and grow our business. Even studying for the rigorous CDCS exam helps increase our
employees’ product knowledge. From a character trait standpoint, our CDCS professionals are
self-motivated, pay high attention to detail, demonstrate high energy and are able to look at details
from global perspective – all qualities valued by our clients.”
Key Facts about the CDCS Exam
1. Exams are held in April and October each year
2. The exam is a three-hour, paper-based exam
Section A – 60 multiple-choice questions
Section B – 10 multiple-choice questions
• In-basket exercises each with 5 linked multiple-choice questions
• and 3 simulation exercises
Qualification grading
The overall qualification will be graded Pass / Distinction. You must achieve a mark of 70% overall
(and 60% for Section B).
The qualification grade boundaries are as follows:
Grade Raw mark
Pass 70–94 Distinction 95–100
Re-sit attempts
You are allowed to resit the unit in accordance with the published London Institute of Banking &
Recertification
To ensure that CDCS team members stay on top of the latest industry developments and trends,
the CDCS program requires recertification every three years. CDCS professionals must participate
in an ongoing program of continuing professional development. CDCS professionals earn personal
development units (PDUs) by attending conferences and workshops and completing online courses
in specific areas of international trade finance and documentary credit practice.
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CDCS® develops core knowledge and understanding of the following areas:
Documentary credits - types, characteristics and uses, including standby credits
• Rules and trade terms, including ISBP 745, ISP 98, UCP 600, URR 725 and
Incoterms 2010
• 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 credits
• Risk issues, including types of risk, control and mitigants
• Related products, including letters of indemnity, air way releases and steamship
guarantees
• Implications of breaching rules related to financial crime including money laundering and
terrorist financing
CDCS Course preparation at Zabeel International:
Zabeel International offers intensive 60 hours course for preparation of CDCS exam.
Program Outline :
1 The history and use of documentary credits
2 The role of the International Chambers of Commerce and the development of the UCP
3 Documentary credits and other methods of settlement
4 Definitions
5 The sales contract and INCOTERMS
6 Pre-issuance considerations and requirements
7 Issuing a documentary credit
8 Amendments from an issuing bank perspective
9 Advising a documentary credit
10 Confirming a documentary credit
11 Advising amendments to a beneficiary
12 Document characteristics and preparing documents
13 Examining documents
14 Examining transport documents
15 Examining insurance, financial, commercial and official documents
16 The role of the nominated bank
17 Honour or negotiation
18 Refusing documents
19 Transferable credits, back-to-back credits and assignment of proceeds
20 The features of documentary credits
21 Standby letters of credit
22 Bank-to-bank reimbursements and reimbursement from aid agencies
23 eUCP
24 Dispute resolution