As a trade finance professional, you understand the importance of documentary credits and the need to ensure that all parties adhere to the international guidelines.
CDCS will improve your knowledge and understanding of the complex issues associated with documentary credit best practice. You’ll learn to:
- Understand documentary credits – the products, parties, processes and rules that underpin documentary credit transactions
- Identify documentary credit risks, breaches and irregularities
- Manage documentary credit transactions
- Apply knowledge of processes, ICC rules and trade terms.
CDCS is a globally recognized standard of competence, which we created with industry experts and manage in partnership with the International Chamber of Commerce (ICC).
Course content
Principles and Practices of Documentary Credit Transactions (PDT)
- Documentary credits -types, characteristics and uses, including standby credits
- Rules and trade terms, including UCP 600, ISP98, ISBP745, Incoterms 2020 and URR 725
- Parties to document credit transactions and their roles and obligations
- Types and methods of payment and 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, airway releases and steamship guarantees
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