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Study CDCS is managed and handled by Humeira

About me, the author of CDCS training service

Humeira began her Banking career in one of the best nationalized banks in India and worked in the organization for almost 40 years. She has a master’s degree in Banking and Finance and a Specialization Certificate in Documentary Credits (CDCS) and a Certificate in International Trade Finance (CITF). Additionally, she has other certifications from Indian Institute of Banking and Finance. She has worked as a faculty training bankers and as a Trade Finance Consultant.

Humeira is also regularly consulted to take sessions in various corporates, banking training colleges and Apex Centers on topics related to Trade Finance and International Banking as well as personality development, leadership skills in banking, marketing and work life harmony to name a few

Just in the past decade, Humeira has trained more than 500 participants from various banks and corporates all over the world to attend this prestigious CDCS exam. Many have successfully earned the certification and continue to send their referrals for an in-person and virtual classes. Launching this website is Humeira’s initiative to share her knowledge globally and have the content be available in an on-demand mode. She is 100% committed to ensure that learners get the most out of her courses and is open to connect virtually for any additional help that might be needed to help learners in their career to be successful.

WHY THE QUALIFICATION CDCS IS SO IMPORTANT.

CDCS certification is growing in its popularity, but why?

The CDCS qualification is recognized worldwide as a standard of competence in documentary credits. It assists documentary credit practitioners to exhibit knowledge and understanding of the difficult issues associated with documentary credit practice.

2020 marks the 21st anniversary of the Certificate for Documentary Credit Specialists (CDCS)

No doubt all of us working in trade finance expect technology to radically alter the way the sector works. But we don’t believe that technology will mean the end of human expertise in letters of credit. “AI can already do some document checking” “And the physical checking of documents will disappear over time, but you still need a person to oversee the technology. You will have to have someone who understands the documentation. A computer does not.” At the end of the day the use and operational management of documentary credits is standard transactional banking business for banks. However, its value in the development of international trade – and the benefits that brings to the globally economy – is often underestimated. As CDCS ‘comes of age’ what does it offer to people working in the sector?

Financial Security for CDCS certificate holders

Because of the high risk to a bank’s bottom line – and to its reputation if things go wrong in trade finance – issuing and paying letters of credit demands detailed technical understanding. Both banks and their customers want to make sure the terms are correct and watertight. “The Certificate for Documentary Credit Specialists (CDCS) is specifically designed to ensure the expertise of individuals doing the job – for people physically handling new applications and documents in their day-to-day work” That makes it unique. “At a minimum, if exporters don’t get the documents right, there will be a downside in terms of delayed cash flow” “or the importer could use a mistake in the documents presented to ask for a discount. If things really go wrong, potential losses are very high as the value of many trade deals can run into millions of dollars.” When a bank has CDCS trained staff, customers can turn to an expert to get the right answers. That provides a lot of comfort and assists the relationship dynamic between the bank and its customers.

Secure the trade flow across the borders

Fully trained trade finance staff is vital for compliance. This goes far beyond making sure that the bank doesn’t lose money due to discrepant documentation. “Checking letters of credit is the most important step like money laundering and the financing of terrorism”. “The document checker will notice anomalies like under-invoicing or over-invoicing that could indicate money laundering. They have a lot of responsibility.” “Thousands of people hold the CDCS and they help maintain the trade flows that we all rely on

How to prepare for CDCS exam?

The Certified Documentary Credit Specialist (CDCS) is an International Qualification for documentary credit specialists, since it is international this certification is recognized by all banks all over the world. CDCS was developed in partnership by The London Institute of Banking & Finance and the Banker’s Association for Finance and Trade (BAFT). This certification is also endorsed by International Chamber of Commerce (ICC). CDCS Certification assists documentary credit practitioners to demonstrate their specialist knowledge and application of the applicable rules while checking the documents which is required for competent practice.

  • My trainings will cover an in depth understanding of different types of documentary credits, characteristics and uses;
  • Better understanding of Rules such as UCP 600, URR 725, ISP98, ISBP 745, Incoterms® 2020; parties to documentary credit; risk factor associated with Letter of Credit;
  • Types and methods of payment used in documentary credit;
  • Different types of transport documents, commercial and financial documents and Insurance documents used in Letter of Credit.
  • Related products, including letter of indemnity, air way releases and steamship guarantees;
  • Impacts and implication of trade-based money laundering and terrorist financing.

Select The Subscription Pack

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₹ 20,000 OR $ 250/Year

Complete Course Contents

  • Video Learning
  • Document Examination
  • Power Point Presentation
  • Mock tests
₹ 25,000OR $ 300 /year

Virtual training

  • Complete course contents
  • Virtual training for complete syllabus.

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