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Soft Commodities Trader
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Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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Documentary Credit Courses, Certification and Training (CDCS)
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Contents
Documentary Credit Specialist Certification and Training (CDCS)
Do you possess the expertise required to understand the complex issues surrounding documentary credit practice?
If you are looking for a documentary credit specialist certification, you have come to the right place. TFG has partnered with LIBF to offer the Certificate for Documentary Credit Specialists (CDCS). CDCS is the industry certification designed for finance professionals who want to improve their knowledge of documentary credits, the products, parties, processes and rules that underpin documentary credit transactions, and receive industry approved Letter of Credit training.
Documentary credit practice requires a unique combination of attention to detail, regulatory knowledge and understanding of risk. CDCS breaks down key concepts into digestible material that will allow you to build your skillset and gain confidence dealing with documentary credit transactions.
CDCS is delivered online using flexible learning arrangements, meaning you can fit your study around your existing role.
While studying with LIBF, you’ll become a Member of LIBF (MLIBF), receiving benefits including careers support and access to professional networking events.
What will I learn?
- The types, uses and characteristics of documentary credits and standby credits
- The parties to documentary credit transactions and their roles and obligations
- Risk issues, including types of risks, control and possible mitigations
- The implications of breaching the rules, including money laundering and terrorist financing
- Types of transport, commercial and financial documents used in documentary credit transactions
- Rules and trade terms, including UCP 600, ISP 98, ISBP 821, Incoterms® and URR 725
Learning resources that you’re given
CDCS is an online qualification where students are expected to learn through self-study. Preparation for the examination usually takes six months with comprehensive learning materials provided.
The following study materials are included in your registration fee and are available immediately after registration:
- Study materials
- Online forum access
- Specimen papers
- Access to student portal MyLIBF
- Virtual library
- First sitting of your exam.
Regulation
Registered with Ofqual in the Regulated Qualifications Framework (RQF).
About LIBF
LIBF was founded over 140 years ago in the City of London, to help determined people get the qualifications they needed to succeed in careers that might otherwise be out of reach. Today, LIBF still supports people across the world to take their first step, or next step, to success in their careers. LIBF’s trade and transaction banking qualifications are designed by industry experts and delivered online to help you progress at every step.
Education Partners
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