Documentary Credits Course Bundle
What’s included
Take your knowledge of documentary credits from foundational to advanced in eight hours by combining our two dedicated documentary credit courses.
Learning objectives
The two courses in this bundle will teach you how to:
Explain the needs of importers and exporters and how a documentary credit (DC) helps meet them.
Describe different types of DCs, including confirmed, transferable, red clauses, back-to-back and revolving.
Understand the document preparation, discrepancies, and drawing of a DC.
Gain a high-level understanding of the roles and relationships of key parties to a transaction.
Manage document verification and discrepancy management, and understand the role of UCP, ISBP, and judicial decisions.
Describe the UCP 600, MT 700 SWIFT messages, and the ICC Incoterms® rules.
Describe the negotiation, financing and settlement of a DC.
Understand the basic transaction flow of a documentary letter of credit.
Understand the importance of a well-managed application process.
Compare and contrast sight and usance DCs and their impact on cashflow.
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FAQs
Answers to your most commonly asked questions.
This course bundle is a way of gaining specialist expertise in a specific area of trade finance. However, there is no exam so this is not a certification, although you will earn a Letter of Completion for each course when it is completed.
If you are interested in a earning a certification, then the introductory course in this bundle is part of the curriculum for the Global Trade Certificate (GTC) and the advanced course is part of the curriculum for the Certified Trade Finance Professional (CTFP).
A strong interest in trade and trade finance is recommended and all candidates need to be able to read and write in English.
Your purchase includes 12 months access to both courses and all the lessons. You can access the courses and lessons as many times as you like within the 12-month access period.
This course is accredited by the London Institute of Banking and Finance (LIBF), the Institute of Banking and Finance Singapore (IBF), The Bankers Association for Finance and Trade (BAFT) and the Global Trade Professionals Alliance (GTPA).
Due to the immediate availability of our course content upon registration, ICC Academy has a strict no-refund policy for our courses and certifications. For more details, please refer to our Terms and Conditions.
The two online courses in this bundle will take approximately 8 hours to complete in total (depending on your level of experience). The introductory course will take approximately 3 hours and the advanced course will take approximately 5 hours.
Candidates will have 12 months to complete the courses.
- 12-months access to both online courses and all 12 lessons
- Case studies and assessment questions – we’ll show you how to apply what you learn to real-world scenarios. Please note this is not an exam.
- Animated explainer videos
- A printable glossary containing all the key terms for you to refer to throughout the course
- Downloadable study guides for each course for offline reference
- Dedicated, full-time IT support
- Letter of Completion for each course
Yes, all our courses are taken online. This means they are accessible at any time, from anywhere in the world. Learn when and where you want.
This course bundle is for:
- Middle and back-office staff at banks, corporates, financial institutions, fintechs and trading houses working on the day-to-day processing and delivery of documentary credits (the operational side).
- Trade finance sales staff at banks, corporates and financial institutions.
- Corporate treasury managers
- Executives from management, credit, legal and compliance functions
