CERTIFIED DOCUMENTARY CREDIT SPECIALIST (CDCS)

The Cetified Documentary Credit Specialist (CDCS) is the professional certification that will enable documentary credit practitioners to demonstrate specialist knowledge and application of the skills required for competent practice
 
This is an internationally recognized qualification developed by the International Chamber of Commerce (ICC) France, the Chartered Institute of Bankers (CIOB) UK and the International Financial Services Association (IFSA) US
 
The Institute of Banking is the Kuwaiti Examination Center for this subject
 
There are no eligibility requirements but it is strongly recomended that exam candidates have a minimum of three years documentary credit or related exprerience
 
All relevant information pertaining to the Exam is available from the Human Resources Departments of banks
 
The CDCS qualification will remain valid for THREE YEARS aftert qualification. To automatically qualified for renewal of the designation holders are required to participant in continuing professional development. Otherwise the Exam will need to be reset. Again the banks' Human Resource Departments have the relevant information
 
Additionally the Program is open to LC and LG staff who wish to gain a dipper understanding of the operation of their department.

OBJECTIVES

	To prepare staff who wish to sit the related CDCS Exams
	To provide an understanding of the working of letters of Credit and Letters of Guarantee Departments

CONTENTS
Section A

	Purpose, types and uses of Documentary Credits (DCs)
	Types and uses of DCs
	Parties to the Credits: roles, responsibilities and risks
	Types of payment
	Characteristics of Documentary Credits
	Primary
	Specialty
	Functions
	Applicable rules and local law
Section B
	Case Studies
	Situational analysis

METHODS
Lecture-discussions, exam answering and case studies.

TARGET AUDIENCE
Bank staff who wish to prepare for the CDCS Exam and all interested parties.

LANGUAGE
The Program will be presented in English.

DURATION
15 training hours, five days, evening sessions.