CTFP for Singaporeans and PRs
How it works
The full certification cost for the Certified Trade Finance Professional (CTFP) is SGD$1,860. If you meet the eligibility criteria below, then you can use either or both of the following government training schemes to subsidise this cost.
New cohorts start every month. Contact our team to get started.
IBF-STS Funding
The CTFP is accredited under the Institute of Banking and Finance’s Standards Training Scheme (IBF-STS) and their Skills Framework for Financial Services (SFwFS).
- Singapore Citizens or Singapore Permanent Residents who are physically based in Singapore
- Available to self-sponsored and company-sponsored individuals
- You must successfully complete the CTFP (including passing the online exam) within 6 months of enrolment to claim the funding
- Up to 70% of the full CTFP certification fee: SGD$1,860. Check IBF’s STS funding quantum to see the latest funding quotas
- Combine IBF-STS funding with your SkillsFuture Credit (Base Tier only) to subsidise the cost of CTFP further
SkillsFuture Credit
The CTFP is a SkillsFuture Credit eligible programme.
- Singaporeans aged 25 and above with a SkillsFuture Credit account
- Only Base Tier credit is available to apply to the cost of the CTFP
- As much Base Tier credit as you have in your account
- Combine with IBF-STS funding to subsidise the cost of CTFP further if required
Join the next cohort
What is the CTFP?
The Certified Trade Finance Professional (CTFP) is an internationally accredited trade finance qualification trusted by alumni in more than 90 countries. The certification is designed for more senior trade finance and treasury managers and specialists who want a wider base of expertise. We recommend that candidates have +5 years of trade finance experience to enrol.
The curriculum has been authored by 11 experts from the ICC Banking Commission and covers a wide spectrum of trade finance solutions over 45 hours of online learning. You will develop the well-rounded skillset needed to overcome challenging scenarios, move into new roles, enhance relationships with clients and gain more trust from your colleagues.
FAQs
To start the process of using IBF STS funding or SkillsFuture Credit to subsidise the cost of the CTFP, please contact our team. You will be required to complete an application and agree to our terms and conditions.
The IBF-STS Funding Quantum is as per the table within this link: https://www.ibf.org.sg/home/for-individuals/skills-and-jobs-development/training-support/IBF-STS
You can use as much SkillsFuture Credit as you wish from your account (Base Tier credit only).
You must successfully complete at least 75% of the CTFP course (i.e. 33.75 learning hours) and pass the examination (not more than 3 tries) within grant period (i.e. 6 months) to qualify for IBF-STS funding support. If you fail to complete the programme, and/or fail the final examination including any retake, you agree to pay back the full IBF fee subsidy to ICC Academy within 1 month from the last date of access to the programme.
No. IBF-STS funding is available for both individual and company sponsored learners.
Terms and conditions
Terms & Conditions of Business:
- Access to Programme will only be given after full nett payable amount is received.
- No addition or modification to this purchase shall be valid unless agreed in writing between you and ICC Academy.
- The access is not transferable.
Terms & Conditions for IBF Singapore STS Payment Scheme:
- Funding support for the same course will be granted only once per calendar year per trainee.
The IBF-STS Funding Quantum is as per the table within this link: https://www.ibf.org.sg/home/for-individuals/skills-and-jobs-development/training-support/IBF-STS - You must successfully complete the minimum number of courses and have at least 75% attendance (i.e. 33.75 learning hours) for each certificate and pass the examination (not more than 3 tries) within grant period (i.e. 6 months) to qualify for the funding support. If you fail to complete the programme, and/or fail the final examination including any retake, you agree to pay back the full IBF fee subsidy to ICC Academy within 1 month from the last date of access to the programme.
- Should a sponsored company trainee leave the company before completion of the programme, the sponsored company agrees to pay the full fee of the certification within 1 month from the notice given.
- The certificate fees which you/sponsored company agrees to pay for each participant who failed as defined under the terms and conditions for IBF Singapore STS Payment Scheme is as follows:
https://www.ibf.org.sg/home/for-individuals/skills-and-jobs-development/training-support/IBF-STS - For employer-sponsored trainee that falls under the profile “Licensed Representative (e.g. Financial Advisor, Insurance Agent, Remisier) or General Insurance Agent”, you are required to provide Letter of Support (LOS).
Terms & Conditions for SkillsFuture Credit:
- Please note that the use of SkillsFuture Credit is not allowed for company-sponsored courses.
- You agree to the terms stated in the following link: https://www.skillsfuture.gov.sg/docs/default-source/resources/terms-conditions/terms-and-conditions-for-sfc-applicants.pdf?sfvrsn=cf4b2bde_3