What is CDCS

The Certified Documentary Credit Specialists (CDCS®) is a professional qualification. It is being recognized worldwide as a benchmark of competence for international trade practitioners. It enables documentary credit practitioners to demonstrate practical knowledge and understanding of the complex issues associated with documentary credit practice in bank. 

CDCS develops core knowledge and understanding of the following areas: 

1. ·         Documentary credits - types, characteristics and uses, including standby credits.
2. ·         Rules and trade terms, including ISBP 745, ISP 98, UCP 600, URR 725 and Incoterms 2010.
3. ·         Parties to documentary credit transactions and their roles and obligations.
4. ·         Types and methods of payment / credit used in documentary credit transactions. Types of transport, commercial and financial documents used in documentary credits.
5. ·         Risk issues, including types of risk, control and mitigants.
6. ·         Related products, including letters of indemnity, air way releases and steamship guarantees.
7. ·         Implications of breaching rules related to financial crime including money laundering and terrorist financing

The benefits of continuing professional development include the following: 

1. ·         It enables you to demonstrate a level of expertise in documentary credits recognized worldwide.
2. ·         It improves your knowledge and understanding of the complex issues associated with documentary credit best practice.
3. ·         It helps you develop the skills needed to apply your knowledge in the workplace and maximize your performance.
4. ·         It helps you to learn how to comply with regulatory requirements.
5. ·         It fosters innovation in customer service and improves your customer relationships.
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