CDCS is the worldwide benchmark qualification, enabling demonstration of practical knowledge and understanding of the complex issues associated with documentary credit practice.

Studying the Certificate provides the skills required to perform effectively in a fast-paced commercial international trade environment. Developed in consultation with industry experts, it provides the latest learning and reflects best practice.

CDCS develops core knowledge and understanding of the following areas:

  • Types, characteristics and uses of documentary and standby letters of credit
  • Rules and trade terms
  • Parties to documentary credit transactions and their roles and obligations
  • Types and methods of payment / credit used in documentary credit transactions
  • Types of transport, commercial and financial documents used in documentary credit transactions
  • Related products including letters of indemnity
  • Implications of breaching rules including money laundering and terrorist financing

Key Facts:

  • Exams are held in April and October each year
  • Registration fee includes:
    • Detailed study text
    • Study resources
    • Student handbook
    • Downloadable specimen paper
  • Examined in over 40 different countries worldwide


“The preparation for CDCS and the case study on trade enriched my knowledge with useful information which helped me to solve issues that incurred at work quickly and firmly. CDCS helped me to get a salary raise and also a good reputation at the bank.”

Nguyen Thi Phuong Nga, CDCS student from Vietnam

Find out more and register on the qualification page