International Trade Finance professional qualifications

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International Trade Finance professional qualifications The preparation for CDCS and the case study on trade enriched my knowledge with useful information which helped me to

1 International Trade Finance professional qualifications 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

2 Certificate in International Trade and Finance (CITF ) CITF enables trade services specialists to demonstrate expertise on the key procedures, practices and legislation in international trade finance and their readiness for career progression. This qualification combines the acquisition of technical knowledge with the skills to apply this to situations in the workplace. Through completion of CITF you will attain a qualification which demonstrates expertise and enhances career potential. Unit Learning Outcomes Assessment International Trade and Finance The trade environment and the role of the ICC ICC international model contracts An introduction to trade terms and Incoterms The nature of financial, commercial and transport documents used in international trade Risk and mitigation including foreign exchange hedging Methods of payment including open account, collections, documentary credits and bank payment obligations Short, medium and long term trade finance Islamic trade finance Dispute handling, arbitration and resolution Fraud prevention and antimoney laundering Single 2-hour exam split into two sections: Section A 80 Section B 4 case studies, each with 5 linked multiplechoice Exams are held in April and October each year Comprehensive learning materials including detailed study text, study resources, student handbook and specimen paper available to download Examined in over 40 different countries worldwide Upon completion, you are able to use the CITF designation after your name CITF covers all parts in international trade such as collections, documentary letters of credit, trade finance and export credit insurance. I work in a bank and I value this knowledge very much. I now know the underpinning rules and can complete the work to a much higher level. CITF student from China 88% of our students said CITF is beneficial to their organisation* libf.ac.uk/citf

3 Certificate for Documentary Credit Specialists (CDCS ) CDCS allows documentary credit practitioners to demonstrate practical knowledge and understanding of the complex issues associated with documentary credit practice. It is the professional qualification recognised worldwide as the benchmark of competence for international practitioners. CDCS provides the skills required to perform effectively in a fast-paced commercial international trade environment. Unit Learning Outcomes Assessment Principles and Practices of Documentary Credit Transactions 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 Single 3-hour exam split into two sections: Section A 60 Section B 10, 3 inbasket exercises each with 5 linked and 3 simulation exercises Exams are held in April and October each year Comprehensive learning materials including detailed study text, study resources, student handbook and specimen paper available to download Examined in over 40 different countries worldwide After completing CDCS: You will be able to use the designation CDCS after your name for three years and be included on the CDCS Registry. You can renew your designation after three years by committing to an ongoing programme of continuing professional development (CPD) for maintaining and enhancing your knowledge in International Trade. Alternatively, if you prefer, you can register to resit the exam at the end of the three year period. Upon completing the recertification cycle five times, you will be designated CDCS Advocate. 92% of our students said CDCS has helped their professional development/career prospects* libf.ac.uk/cdcs

4 Certificate for Specialists in Demand Guarantees (CSDG ) CSDG has been designed to enable demand guarantee professionals to demonstrate their knowledge and expertise. The qualification will develop students understanding in the use of guarantees, industry rules, legislation and the challenges relating to demand guarantees and standby credits. CSDG enables students to demonstrate a high level of expertise and improves knowledge and understanding of the complex issues associated with demand guarantee best practice. Unit Learning Outcomes Assessment Principles and Practices of Demand Guarantees Demand guarantees including tender, performance and advance payment Indemnities, Suretyships and standby letters of credit and how they compare Scope of industry rules including URDG 758 and ISP 98 Parties involved in demand guarantees and their roles and obligations Risk issues including types, control and mitigations Impact of external factors including governing law and force majeure Single 3-hour exam split into two sections: Section A 50 Section B 10, 1 case study with 6 linked and 6 simulation exercises Exams are held in April and October each year Comprehensive learning materials including detailed study text, study resources, student handbook and specimen paper available to download Examined in over 40 different countries worldwide After completing CSDG: You will be able to use the designation CSDG after your name for three years and be included on the CSDG Registry. You can renew your designation after three years by committing to an ongoing programme of continuing professional development (CPD) for maintaining and enhancing your knowledge in International Trade. Alternatively, if you prefer, you can register to resit the exam at the end of the three year period. The CSDG qualification expanded my knowledge on guarantees, particularly around suretyships. CSDG student 90% of students think all international trade finance organisations would benefit from more professionals taking CSDG* libf.ac.uk/csdg

5 Certificate in Trade Finance Compliance (CTFC) CTFC has been designed to provide compliance, trade operations and client facing personnel with the ability to demonstrate and apply their technical expertise in this increasingly important area for international banks. This qualification delivers a thorough appreciation of all aspects of trade finance compliance, communicating the principles and problems that sit within the industry. The scope of CTFC is both wide and comprehensive. CTFC develops the core knowledge and understanding of the following areas: Financial Crime Regulation including the consequence of noncompliance Customer Due Diligence and the importance of KYC and KYCC Red Flags Indicators of Trade Based Financial Crimes Anti-Money Laundering and how this applies to trade finance products Counter Terrorism Financing and the challenges of identification and prevention Sanctions Adherence and the consequences of non-compliance Anti-Bribery and Commercial Fraud- identification and prevention Qualification Assessment: 2 ½ hour exam split into two sections Section A 60 multiple- choice Section B 5 and 3 case-studies comprising of a combination of On demand, multiplechoice examination available internationally Comprehensive study materials available online include a study text, Trade Based Financial Crime Compliance written by Professor James Byrne of the Institute of International Banking Law & Practice (IIBLP) and a complementary interactive module designed by Coastline Solutions Relevant in all jurisdictions around the world Registration is open all year round After completing CTFC: You will be able to use the designation CTFC after your name for three years and be included on the CTFC Registry. You can renew your designation after three years by committing to an ongoing programme of continuing professional development (CPD) to maintain and enhance your knowledge in trade finance compliance. Alternatively, if you prefer, you can register to resit the exam at the end of the three year period. libf.ac.uk/ctfc

6 Certificate in Principles of Payments (CertPAY) CertPAY enables professionals working in the global payments industry to attain an internationally recognised qualification. It will provide you with a comprehensive understanding of payments, from terminology to the mechanics of moving money across the globe, as well as compliance, risk, regulation, and strategy. Units Learning Outcomes Assessment Unit 1 Principles of the Payments Industry (PPA) Unit 2 Payment Regulation, Risk and Compliance (PRC) The structure of the industry and the component parts of payments The economic value and systemic importance of payments The global infrastructure of payments Payment regulation and compliance The risks, data protection and system security associated with the payments industry Single 85-minute exam split into the two units: Unit 1 = 35 multiplechoice (40 mins) 35 marks Unit 2 = 25 multiplechoice and two case studies each with 5 linked (45 mins) 35 marks Registration is open all year round Multiple-choice exam assessment On-demand exams available internationally with same day results Upon completion, you are able to use the CertPAY designation after your name Earn CPD learning hours / PDUs towards CDCS and CSDG Recertification Endorsed by the SWIFT Institute* CertPAY introduces students to the principles of payments, breaking down the complexities of global payments into easy to understand topics. The qualification also introduces students to common payment terminology and explores the technological innovation that shapes and drives the payment industry today. Michael Aragona, Author, Principles of Payments Supported by libf.ac.uk/certpay

7 Our trade finance qualifications are worldwide benchmarks in the industry. The topics of International Trade and Finance, Documentary Credits, Demand Guarantees, Trade Finance Compliance and Payments provide specialist knowledge to display capability, aid efficiency and enable progression in the workplace. These qualifications have been developed in close partnership with the International Chamber of Commerce (ICC), the world s authority on international trade policy and practice. Delivering Trade Finance qualifications since 1999 * Results collected from recent surveys of our Trade Finance students. Students are currently studying our Trade Finance qualifications in over 90 countries worldwide

8 Why study with us We advance careers by equipping people with the skills and capability the sector demands, so they can perform more effectively and responsibly. The result is better professionals and corporations, performing better for customers. Our qualifications are relevant for a range of roles and allow individuals to tailor their learning so they have the building blocks and mark of professionalism to progress with pace. We ensure our programmes are practical, flexible and focused on career development so your study reflects your career path. We are The London Institute of Banking & Finance, lifelong partners for financial education. Studying Our qualifications are designed for distance learning, providing you with the flexibility to study at a time and pace that suits you. Your studies are supported through a range of comprehensive online and/or hardcopy learning materials. Additional learning materials will be offered dependent on the qualification. Registration and fees You can register for a qualification or find out about fees by visiting the relevant pages of our website. If you have any queries, please contact our Student and Customer Services Team on or customerservices@libf.ac.uk Progression Our professional qualifications are placed within a framework that supports your career development at every stage, providing a pathway to Chartered status. Find out more about our Professional Qualifications Framework at libf.ac.uk/professional-qualifications Membership Membership of The London Institute of Banking & Finance provides you with access to a range of benefits that help you to maintain your skills and knowledge, support your development and enable you to demonstrate your professional credentials. Our membership framework is straight forward. Whether you are starting out in your career or a senior leader, we have a number of membership categories available which guide you throughout every stage. Membership Benefits: - Access to our CPD scheme and logging tool - Discounted Statement of Professional Standing - CPD events and webinars - Routes to achieve Chartered status - Careers and employability advice - Jobs board - ementoring programme - Access to our industry magazine online For further information about joining, and the benefits we offer visit libf.ac.uk/membership The London Institute of Banking & Finance t. +44 (0) f. +44 (0) e. cutomerservices@libf.ac.uk 8th Floor, Peninsular House, 36 Monument St, London, EC3R 8LJ libf.ac.uk The London Institute of Banking & Finance is a registered charity, incorporated by Royal Charter.

International Trade Finance professional qualifications

International Trade Finance professional qualifications The preparation for CDCS and the case study on trade enriched my knowledge with useful information which helped me to solve issues that incurred