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The assessment methodology of CDCS Examination

The assessment methodology of CDCS Examination

The CDCS is assessed in a single examination lasting three (03) hours.
The examination paper is split into two sections.

The assessment methodology of CDCS Examination

Section A: Section A is assessed by 60 multiple-choice questions, with one mark available for each correct answer.

Section B:
Section B is assessed by: i. 10 multiple-choice questions, with one mark available for each correct answer. ii. Three (03) in-basket exercises comprising five (05) multiple-choice questions linked to a set of documents, with one mark available for each correct answer. iii. Three (03) simulation document-checking exercises, candidates must identify five (05) discrepancies from a choice of 10. Each discrepancy correctly identified is worth one mark. A total of five marks are available for each simulation exercise.
A total of 100 marks are available.

The qualification will be graded fail / pass/distinction:
Fail 0–69 Pass 70–94 Distinction 95–100

To achieve an overall pass, students must achieve a mark of 70% overall (and 60% for Section B).
There is no section pass mark for Section A.

Credit cannot be claimed for gaining 60% in Section B but failing to gain 70% overall.
Only overall achievement is graded.

The assessment methodology of CDCS Examination

Why study the LIBF Level 4 Certificate for Documentary Credit Specialists (CDCS)?
The Certificate for Documentary Credit Specialists (CDCS®) is a professional qualification recognised
worldwide as the benchmark of competence for international practitioners; it was primarily designed for students with at least three years experience working with documentary credits. Its purpose is to enable documentary credit practitioners to demonstrate practical knowledge and understanding of the complex issues associated with documentary credit practice.
CDCS® develops the knowledge and skills required to accurately check documents and manage
documentary credit transactions. Within this, it provides a core understanding of documentary
credits and the products, parties, processes and rules that underpin transactions. As well as
developing the ability to identify irregularities and risks.

Objective:

The CDCS® will enable you as a documentary credit practitioner to gain a practical knowledge and
understanding of the complex issues associated with documentary credit practice.
Key content areas
 Types, characteristics and uses of documentary credit 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 if indemnity.
 Implications of breaching rules including money laundering and terrorist financing

The assessment methodology of CDCS Examination

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