The CDCS is a RQF* Level 4 qualification that is recognised worldwide as a benchmark of competence in documentary credits. It enables documentary credit practitioners to demonstrate practical knowledge and understanding of the complex issues associated with documentary credit practice.
Studying CDCS will enable you to understand:
Documentary credits - types, characteristics and uses, including standby credits
Rules and trade terms, including UCP 600, ISP98, ISBP 745, Incoterms® 2010 and URR 725
Parties to documentary credit transactions and their roles and obligations
Types and methods of payment / credit used in documentary credit transactions, 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 possible mitigations
Related products, including letters of indemnity, air way releases and steamship guarantees
Implications of breaching rules including money laundering and terrorist financing
Principles and Practices of Documentary Credit Transactions - K/505/5349
The unit is designed to enable documentary credit specialists to understand documentary credits, the products, parties, processes and rules that underpin documentary credit transactions. As well as the ability to manage documentary credit transactions and identify irregularities, by applying knowledge of processes, ICC rules and trade terms.
The CDCS qualification can also contribute to the Professional Diploma in Banking & Finance. Upon completion, ICC Academy will award CSDG holders with credit towards the Certified Trade Finance Professional to provide you with a pathway for completion of this advanced Certificate.