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Certified Documentary Credit Specialist
ZABEEL Advantage
With three decades of experience in designing the best training experience, ZABEEL under-
stands the nuances of training needs that are relevant and in demand in the market. This makes all
the difference when you choose an experienced training provider like ZABEEL for an unparalleled
training quality and learning outcomes
ZABEEL is locally preferred and internationally recognized Training institute with dedicated
academies focusing on Engineering, IT, Logistics, Management & Soft skills, Airline, Finance and Lan-
guages
“Tell me and I forget. Teach me and I remember. Involve me and I learn,” said Benjamin Franklin.
Do you want your
Training sessions to result in longer-term impact?
CDCS
www.zabeelinstitute.aewww.zabeelinstitute.ae
KHDA (Knowledge & Human Development Authority).
The Ministry of Education, Dubai. Educational quality
assurance and regulatory authority of the Government
of Dubai,
ACTVET The Abu Dhabi Centre for Technical and Voca-
tional Education and Training committed to establishing
policies and standards that effectively regulate technical
and vocational educational institutions in the emirate of
Abu Dhabi.
The Project Management Institute (PMI) USA;
Offers many certifications that recognize knowledge
and competency, including the Project Management
Professional (PMP)® certification – renowned as the
global gold standard.
IATA/UFTA Montreal, Canada Extensive training
portfolio includes topics for airlines, airports, cargo
operators, governments, ground service providers,
travel agents, young professionals and more.
CIPS-UK Chartered Institute of Procurement & Supply..
Leading global excellence and offering chartered status
in procurement and supply chain.
ACCA (the Association of Chartered Certified Accoun-
tants) Global body for professional accountants.
Approved Testing center
CIMA ; Chartered Institute of Management Accoun-
tants – World's largest professional body of manage-
ment accountants offering most relevant finance qualifi-
cation for business.
IMA (Institute of Management Accountants) is the
worldwide association of accountants and financial
professionals in business. Founded in 1919, IMA is one
of the largest and most respected associations focused
exclusively on advancing the management accounting
profession
ICAEW The Institute of Chartered Accountants in
England and Wales World’s leading professional mem-
bership organisation that promotes, develops and
supports over 150,000 chartered accountants world-
wide
AIBM American Institute of Business & Management
(AIBM) USA American Institute of Business and Man-
agement (AIBM) would certify professionals in all areas
of Business & Management. American Institute of
Finance and Banking (AIFB) certication verifies Profi-
ciencies of students in the domains of Accounting,
Finance. American Institute of Purchasing and Logistics
Management (AIPLM) accredates Purchasing and
Supply Chain Management qualifications.
www.zabeelinstitute.ae
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.
www.zabeelinstitute.ae
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.
Buhaira Corniche
BUR DUBAI
Bank Street, Near Metro
SHARJAH
ME12, Near Model SchoolNear Al Wahda Mall
MUSAFFAHABU DHABI
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

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CDCS (Certified Documentary Credit Specialist)

  • 1. Certified Documentary Credit Specialist ZABEEL Advantage With three decades of experience in designing the best training experience, ZABEEL under- stands the nuances of training needs that are relevant and in demand in the market. This makes all the difference when you choose an experienced training provider like ZABEEL for an unparalleled training quality and learning outcomes ZABEEL is locally preferred and internationally recognized Training institute with dedicated academies focusing on Engineering, IT, Logistics, Management & Soft skills, Airline, Finance and Lan- guages “Tell me and I forget. Teach me and I remember. Involve me and I learn,” said Benjamin Franklin. Do you want your Training sessions to result in longer-term impact? CDCS
  • 2. www.zabeelinstitute.aewww.zabeelinstitute.ae KHDA (Knowledge & Human Development Authority). The Ministry of Education, Dubai. Educational quality assurance and regulatory authority of the Government of Dubai, ACTVET The Abu Dhabi Centre for Technical and Voca- tional Education and Training committed to establishing policies and standards that effectively regulate technical and vocational educational institutions in the emirate of Abu Dhabi. The Project Management Institute (PMI) USA; Offers many certifications that recognize knowledge and competency, including the Project Management Professional (PMP)® certification – renowned as the global gold standard. IATA/UFTA Montreal, Canada Extensive training portfolio includes topics for airlines, airports, cargo operators, governments, ground service providers, travel agents, young professionals and more. CIPS-UK Chartered Institute of Procurement & Supply.. Leading global excellence and offering chartered status in procurement and supply chain. ACCA (the Association of Chartered Certified Accoun- tants) Global body for professional accountants. Approved Testing center CIMA ; Chartered Institute of Management Accoun- tants – World's largest professional body of manage- ment accountants offering most relevant finance qualifi- cation for business. IMA (Institute of Management Accountants) is the worldwide association of accountants and financial professionals in business. Founded in 1919, IMA is one of the largest and most respected associations focused exclusively on advancing the management accounting profession ICAEW The Institute of Chartered Accountants in England and Wales World’s leading professional mem- bership organisation that promotes, develops and supports over 150,000 chartered accountants world- wide AIBM American Institute of Business & Management (AIBM) USA American Institute of Business and Man- agement (AIBM) would certify professionals in all areas of Business & Management. American Institute of Finance and Banking (AIFB) certication verifies Profi- ciencies of students in the domains of Accounting, Finance. American Institute of Purchasing and Logistics Management (AIPLM) accredates Purchasing and Supply Chain Management qualifications.
  • 3. www.zabeelinstitute.ae 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.
  • 4. www.zabeelinstitute.ae 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.
  • 5. Buhaira Corniche BUR DUBAI Bank Street, Near Metro SHARJAH ME12, Near Model SchoolNear Al Wahda Mall MUSAFFAHABU DHABI 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