What is CDCS (certified documentary credit specialist )?
CDCS is under The London Institute of Banking & Finance.
CDCS certification is world wide credit specialist course for International trade. Bankers needs special knowledge about credit documentation for Foreign Exchange Business. Bankers should be a CDCS for Documentary letter of credit.
Overview
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
Why Study CDCS?
- It enables you to demonstrate a level of expertise in documentary credits that is recognised worldwide
- It improves their knowledge and understanding of the complex issues associated with documentary credit best practice
- It helps develop the skills to apply knowledge in the workplace and to perform at a high level
- It gives you the right to add the professional designation ‘CDCS’ after their name for the three year validation cycle
- It improves career and promotion prospects
Category: CDCS, CDCS Registration, certified documentary credit specialist (CDCS), Documentary Letter of Credit
0 Comments