CDCS Tips - CDCS content outline

CDCS course outline is important for cdcs candidates who registers to sit for cdcs examination. So, we collect cdcs course outline for you. CDCS examination is arranged by The London Institute of Banking & Finance  with ICC (International chamber of commerce). 

Multiple Choice Questions  

The CDCS examination has a total of 120 questions and is in two parts:  

•  Part A contains 83 multiple-choice knowledge (KN) and application (AP) questionsbased on the Study Text -approximately 1.5 hours of the examination.  

•  Part B contains 37 analysis, in-baskets and simulation questions.  

•  Effective 2008, the 120 questions within the CDCS examination will include 15 pre-testing questions. These 15 questions are for pre-testing purposes only and thegrade awarded to candidates will be based upon their performance on the remaining105 questions.  

•  The 15 pre-testing questions will be distributed throughout the examination paperand will not be identifiable by candidates. Candidates should therefore answer all ofthe 120 questions on the examination paper.  

CDCS Content Outline – Summary  

A. Documentary Credit Groups

A.1. Types and Uses of Documentary Credits

A.2. Parties to the Credit: Roles, Responsibilities and Risks

A.3. Types of Payment


B. Characteristics of Documentary Credits

B.1. Primary Characteristics

B.2. Specialty Characteristics


C. Operations

C.1 Processes

C.2 Related Products/Terms


D. Financial and Commercial Documents

E. Rules


CDCS Content Outline


A.   Documentary Credit Groups

A.1   Types and Uses of Documentary Credits

A.1a Commercial

A.1b Standby


A.2  Parties to the Credit: Roles, Responsibilities and Risks

A.2.a Required Parties

A.2.a.(1) Issuing Bank

A.2.a.(2) Beneficiary


A.2.b Applicant

A.2.c Banks’ Roles and Obligations

A.2.c.(1) Issuing Bank

A.2.c.(2) Confirming Bank

A.2.c.(3) Advising Bank

A.2.c.(4) Negotiating Bank

A.2.c.(5) Paying Bank

A.2.c.(6) Accepting Bank

A.2.c.(7) Reimbursing Bank


A.2.d Types of Risk

A.2.d.(1) Operational/UCP600

A.2.d.(2) Credit

A.2.d.(3) Foreign Exchange

A.2.d.(4) Fraud

A.2.d.(5) Legal

A.2.d.(6) Political


A.3  Types of Payment

A.3.a Sight

A.3.b Deferred

A.3.c Negotiation

A.3.d Acceptance


B.  Characteristics of Documentary Credits 

B.1 Primary Characteristics

B.2 Specialty Characteristics B.2.a Revolving Credits

B.2.a.(1) Cumulative vs. Non-Cumulative B.2.a.(2) Automatic vs. Controlled

B.2.b   Instalment

B.2.c. Advance Payments B.2.d Transferable

B.2.e Evergreen B.2.f. Clean

B.2 g.  Direct Pay


C.      Operations

C.1 Processes 

C.1.a Issue

C.1.b Pre-advise 

C.1.c Advise

C.1.d   Confirm

C.1.e   Amend

C.1.f    Transfer

C.1.g   Present

C.1.h Examine 

C.1.i Pay/Reject 

C.1.j Claim

C.1.k Reimburse Funds 

C.1.l Cancel


C.2 Related Products/Terms 

C.2.a Letter of Indemnity 

C.2.b Air Way Release

C.2.c Steamship Guarantee 

C.2.d Assignment of Proceeds

C.2.e Participation and Syndication 

C.2.f Trade-related Incoterms


D. Financial and Commercial Documents 

D.1 Draft/Bill of Exchange

D.2    Commercial Invoice

D.3    Non-negotiable Seaway Bill

D.4    Charter Party Bill of Lading

D.5    Multimodal Transport Document

D.6   Air Transport Document

D.7    Road, Rail or Inland Waterway Transport Document

D.8    Forwarder’s Cargo Receipt, Mate’s Receipt and Consolidator’s Receipt

D.9    Post Receipt or Certificate of Posting

D.10  Courier or Expedited Delivery Service Document

D.11  Insurance Document

D.12  Weight Certificate

D.13  Certificate of Origin

D.14  Packing Lists

D.15  Inspection Certificate

D.16 Other Documents 


E. Rules

E.1 UCP600 – Uniform Customs and Practice for Documentary Credits 

E.2 ISP98 – International Standby Practices

E.3 URR 725 – Uniform Rules for Bank-to-Bank Reimbursements Under Documentary Credits

E.4 ICC Decision on Original Documents (Appendix to ICC Publication 645 – ISBP) 

E.5 ISBP 645

E.6   eUCP


General Information

  • Candidates will have THREE hours to complete the examination.
  • Candidates are responsible for timing themselves to ensure there is sufficient time to complete both sections of the examination in three hours.
  • The multiple-choice questions test your knowledge and how to apply that knowledge to specific situations outlined in the simulation exercises.
  • Each question qualifies for one point/mark; incorrect answers/points are not deducted from the number of correct answers.
  • Types of questions - There are three basic levels of multiple-choice questions : Knowledge questions are recall questions.
  • Application questions apply knowledge
  • Analysis questions require both knowledge and application skills
  • (See Section 9 for additional explanations on the three cognitive levels for multiple-choice questions.)

CDCS CDCS course outline