Certified Documentary Credit Specialist (CDCS) Candidate Study Guide
CDCS Examinations – from April 2008
ifs School of Finance
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Canterbury, Kent, CT1 2XJ, United Kingdom
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International Financial Services Association
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For IFSA registered candidates, the 2008 CDCS
examination will only be offered electronically
within candidate banks and institutions.
For ifs School of Finance registered candidates,
the 2008 CDCS examination will be offered as
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paper bad via arranged examination venues.
Published by ifs School of Finance, a non-profit-making registered educational charity incorporated by Royal Charter.
The ifs School of Finance believes that the sources of information upon which the book is bad are reliable and has made every effort to ensure the complete accuracy of the text. However, neither ifs School of Finance, the author nor any contributor can accept any legal responsibility whatsoever for conquences that may ari from any errors or omissions or any opinion or advice given.
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ifs School of Finance
IFS Hou
4-9 Burgate Lane
Canterbury
Kent
CT1 2XJ
T 01227 818609
F 01227 784331
E
© ifs School of Finance 2007, with the exception of North and South America wherein copyright lies with the International Financial Services Association 2007
ISBN: 978-1-84516-656-4
August 2007
Dear CDCS Candidate
Welcome. You made a significant commitment to your career when you registered for the CDCS exa
mination. This Study Guide has been prepared with your success in mind. It will help you make the transition from the CDCS Content Outline and the Study Text; in addition, it will outline a variety of study techniques for your consideration.
The text for the CDCS examination has been updated and revid and published as The Guide to Documentary Credits: third edition. There are significant changes to the content outline, including the changes in UCP 600 and other rules, as well as updating to the general text. It is important that you study the third edition as you prepare for the examination.
If it has been a few years since you last studied for an examination, a review of this publication will help you identify the areas you will find helpful as you develop your individual study plan. Experiment to find out what suits you best.
The CDCS examination is bad on a Job Analysis Study that identified the knowledge and skills required for competent practice in the field of documentary credits. The Content Outline details the results of the survey and the Study Text is bad on the Content Outline. You can build on the information and experience you have, as you are involved with documentary credit practice.
As you can e from the table of contents there are many different areas that will be of assistance to
you as you prepare to study for the CDCS examination; not all may apply to you. Your first step will be to identify tho ctions that you want to include in your study plan. Sections 2 contains the CDCS Content Outline. This document is the basis for the CDCS examination and should be reviewed in depth.
The CDCS examination is an opportunity for you to demonstrate what you know and your skills as a documentary credit specialist. We wish you success in your preparation for the examination.
There are veral products that will assist you as you prepare for the CDCS examination: the Study Text is the basic reference for the examination; all multiple-choice questions are documented to this text;
the 2008 examination will be delivered in the US and Canada electronically at bank training sites. For additional information, go to the CDCS website ();
CDCS website (): information will be posted on the website as it becomes available. This will be a source of continuing help to you as you prepare for the examination.
Gavin Shreeve Dan Taylor
Chief Executive President
ifs School of Finance International Financial Services Association
Table of contents
Introduction
Section l. CDCS study text
Section 2. CDCS content and examination outline – 2008
Section 3. Planning your study – study plan
我们和地球英文环球教育网Section 4. Keys to studying for success
Section 5. CDCS study groups
Section 6. Multiple-choice question formats
Section 7. Analysis, questions, in-basket and simulation exercis Section 8. Tips for answering multiple-choice questions
Section 9. Pre-examination check list
Section 10 Practice/sample test
Section 11. CDCS website
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Volunteers associated with the CDCS project
The Certified Documentary Credit Specialist (CDCS) credential is a peer-review project that includes volunteers in each gment of its development. It is a joint project of the ifs School of Finance in the UK and the International Financial Services Association (IFSA) in the US and is endord by the International Chamber of Commerce (ICC). There are veral volunteer-intensive phas of the project and they include the following.
Job Analysis Study: volunteers identified the major responsibilities of a Documentary Credit Specialist. They also detailed the knowledge and experience required to meet the responsibilities competently. The Job Analysis Study rves as the basis of the CDCS Content Outline and the CDCS Examination Specifications.
Study Text: The Guide to Documentary Credits: third edition is the reference text for the CDCS examination. It is bad on the Content Outline and was reviewed by volunteers who rved as topic experts.
Item writing and test volunteers write, review and revi the questions on the CDCS examination. This is a very intensive responsibility and the Test Committee meets annually to prepare for each examination administration.
CDCS test committee
Maria Adamczyk, CDCS – JPMorgan Cha Bank, N.A.
Lowell Campbell, CDCS – co-chair – JPMorgan Cha Bank, N.A.
Samuel Hodges, CDCS – Square 1 Bank
Steve Cooke, CDCS – Standard Chartered Bank
David Morrish, CDCS – co-chair – Lloyds TSB Bank plc
Tineke Overvliet, CDCS – DHB Bank
Victor Pena, CDCS – Citicorp
Steve Thompson, CDCS– Standard Chartered Bank
Paul Williamson, CDCS –JPMorgan Cha Bank
Item writing task force
Gary Bishop, CDCS – British Arab Commercial Bank Limited
attention是什么意思Anh Chau, CDCS – Bank of America
Ilene Crook, CDCS – JPMorgan Cha Bank
Wilson Ng, CDCS – Bank of Nova Scotia, Canada
Laura Pedern, CDCS – Bank of Nova Scotia, Canada
Rita Ricci, CDCS – BNP Paribas Canada
Otto Ruff, CDCS – Bayerische Landesbank International SA
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Martin Stocks, CDCS – The Royal Bank of Scotland
Elizabeth Williams, CDCS