CDCS consists of one mandatory unit:

Principles and Practices of Documentary Credit Transactions - K/505/5349

The unit is designed to enable documentary credit specialists to understand documentary credits, the products, parties, processes and rules that underpin documentary credit transactions. As well as the ability to manage documentary credit transactions and identify irregularities, by applying knowledge of processes, ICC rules and trade terms.


Preparation for the examination usually takes six months with comprehensive learning materials provided. CDCS is studied through self-study. Upon registration students will be sent a detailed study text which they study from independently. In addition to the study text, a specimen paper is also available to download.

All students who register with The London Institute of Banking & Finance will receive printed study resources that cover the CDCS syllabus and contain review questions and activities. A student handbook is provided to support student’s studies. In addition to printed materials, students will also receive online access to the study resources.

Please note: that in order to reflect any changes to syllabus, the study resources are normally updated annually. It is a student’s responsibility to make sure they are studying from the most up-to-date materials that will be assessed.