CDCS Examination

Course content

• Documentary credit - an overview
• The sales agreement
• Documentary credits - types and uses
• Parties to documentary credit transactions - roles and responsibilities
• Issuance and amendments
• Transport documents
• Other documents
• Presentation, examination and settlement
• Bank-to-bank reimbursements under documentary credits
• Related products
• Risk issues

Examinations

CDCS is assessed by a three-hour multiple-choice examination (paper based), designed to test your knowledge and its application to practical situations. The examination is split into two sections:

• Section A – 83 multiple-choice questions
• Section B – 37 multiple-choice questions based on case studies (in-basket exercises), analysis questions and simulation exercises

Overall the examination comprises 120 questions. To pass you must achieve the required pass mark in Section B as well as achieve the overall pass mark. The pass mark for CDCS may vary from year to year to maintain an equivalent level of performance to achieve a pass. As a guide, the pass mark is usually in the region of 70%.