International Trade Finance

professional qualifications


The preparation for CDCS and the
case study on trade enriched my
knowledge with useful information
which helped me to solve issues that
incurred at work quickly and firmly.
CDCS helped me to get a salary
raise and also a good reputation
at the bank.

Nguyen Thi Phuong Nga,
CDCS student from Vietnam
Our trade finance qualifications are worldwide Delivering Trade Finance
qualifications since
benchmarks in the industry. The topics of
International Trade and Finance, Documentary
Credits and Demand Guarantees provide specialist
knowledge to display capability, aid efficiency
1999
and enable progression in the workplace.
These qualifications have been developed in close partnership
with the International Chamber of Commerce (ICC), the worlds
authority on international trade policy and practice.

* Results collected from recent surveys of our Trade Finance students.

Students are currently studying our Trade Finance qualifications

in over 90 countries worldwide
Certificate in International
Trade and Finance (CITF)

CITF provides trade, export and commodity specialists

Exams are held in April and
with a thorough understanding of the products, October each year
documents, trade terms, roles and responsibilities Comprehensive learning materials
that underpin international trade and finance. including detailed study text, study
resources, student handbook
This qualification combines the acquisition of technical knowledge and specimen paper available to
with the skills to apply this to situations in the workplace. Through download
completion of CITF you will attain a qualification which demonstrates
Examined in over 40 different
expertise and enhances career potential. countries worldwide
Upon completion, you are able
CITF develops core knowledge and understanding
to use the CITF designation after
of the following areas: your name
The trade environment and the role of the ICC
ICC international model contracts


An introduction to trade terms and Incoterms CITF covers all parts in international
The nature of financial, commercial and transport documents used trade such as collections,
in international trade documentary letters of credit, trade
Risk and mitigation including foreign exchange hedging finance and export credit insurance.
I work in a bank and I value this
Methods of payment including open account, collections, knowledge very much. I now know
documentary credits and bank payment obligations the underpinning rules and can
Short, medium and long term trade finance complete the work to a much
Islamic trade finance
Dispute handling, arbitration and resolution
higher level.
CITF student from China

Fraud prevention and anti-money laundering

Qualification Assessment

88%
2-hour exam split into two sections:

Section A 80 multiple-choice questions

Section B 4 case studies, each with 5 linked multiple-choice of our students said CITF is
questions beneficial to their organisation*

After completing CITF:

You will be able to use the designation CITF after your name.

libf.ac.uk/citf
Certificate for Documentary
Credit Specialists (CDCS)

CDCS enables documentary credit practitioners to After completing CDCS:

demonstrate practical knowledge and understanding You will be able to use the designation
of the complex issues associated with documentary CDCS after your name for three years
credit practice. and be included on the CDCS Registry.

It is the professional qualification recognised worldwide as the You can renew your designation
benchmark of competence for international practitioners. CDCS after three years by committing to an
provides the skills required to perform effectively in a fast-paced ongoing programme of continuing
commercial international trade environment. professional development (CPD) and
achieving personal development units
CDCS develops core knowledge and understanding of (PDUs) for maintaining and enhancing
the following areas: your knowledge in International Trade.
Types, characteristics and uses of documentary and standby letters Alternatively, if you prefer, you can
of credit register to resit the exam at the end of
the three year period.
Rules and trade terms
Parties to documentary credit transactions and their roles and Upon completing the recertification
obligations cycle five times, you will be designated
Types and methods of payment / credit used in documentary credit CDCS Advocate.
transactions
Types of transport, commercial and financial documents used in Exams are held in April and
documentary credit transactions October each year
Related products including letters of indemnity Comprehensive learning materials
including detailed study text, study
Implications of breaching rules including money laundering and resources, student handbook
terrorist financing and specimen paper available to
download
Qualification Assessment
Examined in over 40 different
3-hour exam split into two sections: countries worldwide
Section A 60 multiple-choice questions Upon completion, you are able to
use the CDCS designation after
your name
Section B 10 multiple-choice questions, 3 in-basket exercises each
with 5 linked multiple-choice questions and 3 simulation exercises

92%
of our students said CDCS
has helped their professional
development/career prospects*

libf.ac.uk/cdcs
Certificate for Specialists
in Demand Guarantees (CSDG)

CSDG has been designed to enable demand

guarantee professionals to demonstrate their Exams are held in April and
October each year
knowledge and expertise.
Comprehensive learning materials
The qualification will develop students understanding in the use of including detailed study text, study
guarantees, industry rules, legislation and the challenges relating to resources, student handbook
demand guarantees and standby credits. CSDG enables students and specimen paper available to
to demonstrate a high level of expertise and improves knowledge download
and understanding of the complex issues associated with demand Examined in over 40 different
guarantee best practice. countries worldwide
Upon completion, you are able to
CSDG develops the core knowledge and use the CSDG designation after
understanding of the following areas: your name

Demand guarantees including tender, performance and advance

payment
Indemnities, Suretyships and standby letters of credit and how they
compare
Scope of industry rules including URDG 758 and ISP 98
The CSDG qualification expanded
my knowledge on guarantees,

Parties involved in demand guarantees and their roles and particularly around suretyships.
obligations CSDG student
Risk issues including types, control and mitigations

90%
Impact of external factors including governing law and force majeure

Qualification Assessment
3-hour exam split into two sections
of students think all international trade
Section A 50 multiple-choice questions finance organisations would benefit
from more professionals taking CSDG*
Section B 10 multiple-choice questions, 1 case study with 6 linked
multiple-choice questions and 6 simulation exercises

After completing CSDG:

You will be able to use the designation CSDG after your name for three
years and be included on the CSDG Registry.

You can renew your designation after three years by committing

to an ongoing programme of continuing professional development
(CPD) and achieving personal development units (PDUs) for
maintaining and enhancing your knowledge in International Trade.
Alternatively, if you prefer, you can register to resit the exam at the
end of the three year period.
libf.ac.uk/csdg
Why study with us
We advance careers by equipping people with the skills and
capability the sector demands, so they can perform more effectively
and responsibly. The result is better professionals and corporations,
performing better for customers.
Our qualifications are relevant for a range of roles and allow individuals to tailor their
learning so they have the building blocks and mark of professionalism to progress with
pace. We ensure our programmes are practical, flexible and focused on career development
so your study reflects your career path.
We are The London Institute of Banking & Finance, lifelong partners for financial education.

Studying Progression
Our qualifications are designed for distance learning, Our qualifications are directly relevant for career paths
providing you with the flexibility to study at a time and and provide development in a number of different areas,
pace that suits you. Your studies are supported through a as well as offering progression towards recognised
range of comprehensive online and/or hardcopy learning Professional and Chartered designations. Consider your
materials. Additional learning materials will be offered next step and view all of our Professional Qualifications at
dependent on the qualification. libf.ac.uk/professional-qualifications

Registration Membership of The London Institute

To register, please visit the qualification page and of Banking & Finance
complete the online registration form. If you have any Throughout your studies, you may also be interested
queries, please contact our Student and Customer in membership of The London Institute of Banking &
Services Team using the details below. Finance which is recognised worldwide as a symbol of
professional excellence. Membership is optional and
Student and Customer Services dependent on your level of study; there are various
49 Burgate Lane membership opportunities available.
Canterbury, Kent CT1 2XJ Membership Benefits:
customerservices@libf.ac.uk - Professional networking events
01227 818609 - Online communities and discussion groups
- KnowledgeBank The London Institute of Banking &
Fees Finances e-library
- Our industry magazine subscription
For information on the latest fees associated with
- Jobs Board
studying, please visit the qualification webpage.
- Career support
- Access to Continuing Professional Development
(CPD)
libf.ac.uk/membership

libf.ac.uk/trade-finance

The London Institute of Banking & Finance is a registered charity, incorporated by Royal Charter.