CERTIFIED DOCUMENTARY CREDIT SPECIALIST (CDCS)
The Certified 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 Certificate.
There are no eligibility requirements but it is strongly recommended that exam candidates have a minimum of three years documentary credit or related experience.
All relevant information pertaining to the Exam is available from the Human Resources Departments of the banks.
The CDCS qualification will remain valid for THREE YEARS after qualification. To automatically qualify for renewal of the designation holders are required to participate in continuing professional development. Otherwise the Exam will need to be reseat.
ObjectiveS
This is a primarily revision program aimed at preparing staff who wish to sit the related CDCS Exam
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 wishing to enter the relevant Exam and those wishing to widen their knowledge in the area. Whilst there is no eligibility requirement a minimum three years experience is recommended. Participants are expected to have thoroughly studied the designated material prior to attending.
PRE-REQUISITE:
Knowledge of International trade finance is required.
LANGUAGE:
The Program will be conducted in English.
Duration
36 training hours, six days, morning and afternoon sessions
Why study CDCS?
To improve your practical knowledge and understanding of the complex issues associated with documentary credit practice;
As part of your continuing professional development;
To increase your expertise and professional value;
To gain access to the benchmark professional designation CDCS.
Please note: Re-certification is required every three years in order to retain the CDCS designation.
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