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Preparation of CDCS examination and Text Book
You have to study by yourself to CDCS examination. Once registered a textbook is sent to every candidate by post. This text book is "The Guide to Documentary Credits" written by Gary Collyer.
This book will be your main textbook. Also you can enter ifschool's website with your password to reach online materials. Preparation for the examination usually takes six months with comprehensive learning materials provided. To get this eBook, Read full story
Study Techniques
Using your experience, think about study techniques that have helped you in the past and any others you may have come across.
Some ideas you may want to consider include:
• Summarize the main ideas in the text.
• Write study questions for self-testing based on materials in the text.
• Use the key terms to identify not only definitions but use them for review.
• Identify/flag key words, terms and concepts you do not understand or that are new to you.
• Prepare ‘flash cards’ to capture key terms, definitions, exhibits and other material that you have identified for additional study.
• Work with a partner or study group to teach and test each other
• Test yourself frequently. Do not spend time studying what you know. Use what you know for review at the end of the study process.
• What is troublesome? Identify someone to help you understand sections you do not know and find difficult.
• Use the resources available through ifs School of Finance and IFSA: Check the web site (http://cdcs.libf.ac.uk) for the CDCS Forum, a listing of review/revision courses and other examination-related information.
• Note questions to ask others with more experience or members of your study group.
Develop a Study Plan
Once you have considered the different study options available to you, it is still important to draft a study schedule/timeframe based on your objectives and a realistic view of your time for study and preparation. Your study plan should reflect your individual preferences and methods of working. It is important to remember that a study plan is a flexible document and is both an indicator of where you are and where you want to be.
The first step you should take is to determine your personal study objectives based on the Content Outline and Study Text.
• You may find it helpful to write out your objectives and post them in a visible location.
• Advance planning will provide multiple benefits as you prepare for the CDCS examination. It will not require much time to develop a study plan, but doing so will establish your priorities. The most important part of a study plan is to identify how, when and where you want to study.
• By reviewing the CDCS Content Outline and Examination Specifications (Sections 2 and 3), you will be able to identify the areas with which you are familiar; those you wish to review in detail; and those that are new to you and need in-depth study.
• You will now be in a position to develop an overall study plan with specific timelines. In drawing up your plan, you may find the following useful:
− Prepare a study schedule — be realistic. Space your studying and allow ample time for review.
− Keep a copy of the CDCS Content Outline in a prominent place as you will refer to it often.
− Make the best of your environment. Some individuals prefer to study in a quiet place, while others prefer working with the radio or television on in the background. Whatever your preference, you can usually create the environment you want for your study session.
− Be prepared to study in free moments, whenever you can. This means identifying times that are available to you for study, such as travel time, standing in lines and queues, waiting for a meeting to start, etc.
Relax while studying
The CDCS examination is an opportunity for you to learn and to demonstrate your knowledge and ability. Maintain a positive attitude that you will be successful on the examination and will allocate the resources required to ensure success.
Do not worry about how much time is left before the examination. You have planned adequately to allow for the maximum use of your time.
Take breaks, exercise. Keep your body and mind relaxed.
BUY CDCS Text Book by Garry Collyer- Latest version (5th Edition)
BUY CDCS Text Book by Garry Collyer- Latest version (5th Edition)
A sample Study Plan is shown on the next page – you may wish to reproduce it to assist you in your preparation for the examination.
CDCS Registration April 2018
Registration for the April 2018 exam is open, applications and payment must be received on or before 31 January 2018.
The exams are scheduled to take place on 6 and 7 April 2018.
For further details and any queries, please contact Student and Customer Services on +44 (0) 1227 818609 or email customerservices@libf.ac.uk
Click here to read what is CDCS?
A CDCS registration form can be downloaded. To view this file you need to have Acrobat Reader installed on your computer. This is free and available from the Adobe website.
Completed registration forms should be scanned and emailed to customerservices@libf.ac.uk, or sent to Student and Customer Services, 4-9 Burgate Lane, Canterbury, Kent CT1 2XJ, United Kingdom.
Registration forms for students from Bangladesh, China, Indonesia, Malaysia and South Korea should be sent to the addresses detailed under the relevant country below. Further details and any queries should be directed to the email addresses and telephone numbers provided.
Registration forms for students from Bangladesh, China, Indonesia, Malaysia and South Korea should be sent to the addresses detailed under the relevant country below. Further details and any queries should be directed to the email addresses and telephone numbers provided.
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
