x Are you new to L/C document control and need to learn about CDCS certification?
x Do you want to know the content and structure of the CDCS international certification exam?
What's included? x Are you wondering if taking the CDCS certification exam is difficult? If there is CDCS, how will it help with work related to L/C document control?
PROSHIP.VN we will collect knowledge from many reliable sources to answer what CDCS is, who is the subject of the CDCS exam, what is the review content for the CDCS certification exam,... individuals working in the field. Areas related to L/C documents need to be updated to achieve good results in the upcoming exam.
What is CDCS certification?
What is CDCS? CDCS certificate, short for the phrase "Certified Documentary Credit Specialist" . A prestigious international certification for L/C Document Control Staff/Experts. The recipient of this certificate can be considered an international expert in the field of document examination.
CDCS certification is a great advantage for those working in the field of international payments, helping to improve knowledge, skills and expertise, while also opening up opportunities for career advancement. The CDCS exam is usually organized by IFSA or IFS.
Content and structure of CDCS certification exam
Contents of the CDCS Certificate exam
What is the content of the CDCS certificate? CDCS consists of two mandatory parts, which are:
Part 1: Principles of documentary credit transactions
In this section, you will be tested on your knowledge of:
- Types of documentary credits and their uses
- The roles, responsibilities and risks associated with the different parties to the credit facility
- Payment types; Characteristics of documentary credit
- Process and related products
- Financial and commercial documents and related rules.
This section focuses on applying basic documentation knowledge:
Part 2: Managing the provision of documentary credit transactions
This section tests the ability to manage documentary credit transactions and identify anomalies by applying business knowledge of the scope. At the same time, apply relevant rules, local laws and regulations in situations and supporting documents of varying complexity.
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CDCS Certificate exam structure
The test is performed over three hours, divided into two parts:
- Part 1 (Exam content in Part 1) – 83 multiple choice questions (multiple choice questions);
- Part 2 (Exam content in Part 2) – 7 multiple-choice analysis questions; Next are 3 case studies. Each lesson has 5 questions followed by 3 exercises to test the differences.
Content of CDCS exam review knowledge
| ITEMS | CONTENT KNOWLEDGE REVIEW |
| 1. Understand the types of properties and uses of LC |
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| 2. Know about rules, guiding standards and commercial conditions related to delivery in the form of LC |
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| 3. Understand policies related to LC |
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| 4. Understanding the roles and obligations of the parties in the LC and the relationship between them | The parties in the LC include:
The roles and obligations of the parties are listed above. Relationship between parties involved in payment BTC matches & rejects invalid BCT Roles and obligations in reimbursement. |
| 5. Understand the types and methods of credit payment in the LC method | Payment types:
Money transfer Types of commitments Recourse and exemption from intermediaries Automation in LC payment. |
| 6. Understand transport documents and commercial documents | Operational nature and rules applicable to transport documents
Financial documents in LC and requirements under ICC rules Commercial financial documents:
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| 7. Understand how to operate and difficulties related to documents in LC order delivery | Documentation for administrative purposes and operational and operational controls related to:
Present check and pay/refuse Determine how to handle invalid documents Electronic presentation Problems in processing LC transactions. |
| 8. Understand and manage risks related to LC transactions | Types of risks:
Other:
Risk of related parties in LC. |
| 9. Understand products related to LC transactions |
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| 10. Can manage shipping, commercial and financial documents in LC | Apply and analyze transportation, commercial and financial documents used in LCs to propose appropriate actions and manage LC transactions. |
>>See more: What is TTR?
Is taking the CDCS certification exam difficult?
A person who receives the CDCS certificate can be considered an international expert in the field of document inspection. In Vietnam, the number of people with CDCS certification can be counted on the fingers of one hand (according to statistics at Vietcombank HCM, there are 3 people and a number at foreign bank branches).
But that doesn't mean taking the CDCS exam is too difficult. The CDCS exam is actually not difficult and the way to do the test is mainly to answer multiple-choice questions and practice checking documents, not requiring writing and reasoning.
To take this certificate exam requires you not only to have solid knowledge of international payment operations, you must also have practical experience.
There are some units that organize exam review to get the CDCS certificate, but not many because the demand for this certificate is quite small.
What is CDCS , the content and structure of the CDCS certification exam have been answered. Overall, CDCS is a valuable certificate and brings many benefits to those who want to pursue a career in the field of international payments... Continue to update the next related news stories and contact 0909 344 247 when your business needs to use cheap transportation services at Proship Logistics.
