Get an opportunity to be a Certified documentary credit specialist (CDCS)

CDCS is under The London Institute of Banking & Finance.


The CDCS is a RQF* Level 4 qualification that is recognised worldwide as a benchmark of competence in documentary credits. It enables documentary credit practitioners to demonstrate practical knowledge and understanding of the complex issues associated with documentary credit practice.

Studying CDCS will enable you to understand:

  • Documentary credits - types, characteristics and uses, including standby credits
  • Rules and trade terms, including UCP 600, ISP98, ISBP 745, Incoterms® 2010 and URR 725
  • Parties to documentary credit transactions and their roles and obligations
  • Types and methods of payment / credit used in documentary credit transactions, including the concept of autonomy
  • Types of transport, commercial and financial documents used in documentary credit transactions
  • Risk issues, including types of risks, control and possible mitigations
  • Related products, including letters of indemnity, air way releases and steamship guarantees
  • Implications of breaching rules including money laundering and terrorist financing

Why Study CDCS?

  • It enables you to demonstrate a level of expertise in documentary credits that is recognised worldwide
  • It improves their knowledge and understanding of the complex issues associated with documentary credit best practice
  • It helps develop the skills to apply knowledge in the workplace and to perform at a high level
  • It gives you the right to add the professional designation ‘CDCS’ after their name for the three year validation cycle
  • It improves career and promotion prospects

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