CITF
CertiďŹ cate in International Trade and Finance
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CITF is a Level 3 qualification registered with Ofqual in the Regulated Qualifications Framework. Supported by
CITF enables trade services specialists to demonstrate expertise on the key procedures, practices and legislation of international trade finance and their readiness for career progression.
About the CITF qualification This international trade certification combines the acquisition of technical knowledge with the skills to apply that knowledge to real situations. London Institute of Banking and Finance has developed it in consultation with trade finance experts from across the world. CITF enhances your knowledge of the products, documents, trade terms, roles and responsibilities that underpin international trade and finance. The CITF qualification also helps you to develop a basic understanding of fraud prevention and risk in trade finance. Studying CITF Course covers The trade environment and the role of the International Chamber of Commerce (ICC) ICC international model contracts An introduction to trade terms and Incoterms® The nature of financial, commercial and transport docu ments used in international trade Risk and mitigation including foreign exchange hedging Methods of payment including open account, collec tions, documentary credits and bank payment obligations Short, medium and long-term trade finance Islamic trade finance Dispute handling, arbitration and resolution Prevention of both fraud and money laundering. Key Facts about CITF Exams Exams are held in April and October each year Comprehensive study materials are provided. On completion, you can use the ‘CITF’ designation after your name. You earn CPD learning hours/ Personal Development Units (PDUs) towards CDCS® and CSDG® Recertification. This qualification develops knowledge and understanding of the international trade and finance sector although it does not qualify you for direct entry to a particular occupational role. Structure CITF® is made up of one mandatory unit which needs to be successfully completed in order for you to achieve the certificate:
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AFTER CITF YOU ACHIEVE
An introduction to the international trade environment
Development of understanding on commonly used documents, trade terms, trade methods and exchange risk
Understanding the products available to deliver satisfactory solutions to problems faced in the international trade and finance environment
An overview of the impact and significance of sanctions, corruption, money laundering and fraud in international trade
Purpose of the qualification Why study the LIBF Level 3 Certificate in International Trade and Finance (CITF)?
The Certificate in International Trade and Finance (CITF®) provides you as a trade, export and commodity specialist with a thorough understanding of the key international trade procedures, practices and legislation.
CITF® develops the technical knowledge and skills required to enable you to apply that knowledge to situations within the workplace.
Within this, it provides a core understanding of the products, documents, trade terms, roles and responsibilities that underpin international trade and finance.
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Progression and preparation for further study Although not a requirement for registration on to other international trade qualifications, if you have successfully completed the CITF® qualification will have developed an appropriate foundation to support your progression on to the following qualifications: 1.
Certificate for Documentary Credit Specialists (CDCS®) CDCS® is the international standard qualification for documentary credit specialists. It is a professional certification that enables you as a documentary credit practitioner to demon strate specialist knowledge and application of the skills required for competent practice.
2.
Certificate for Specialists in Demand Guarantees (CSDG®) CSDG® is a specialist qualification focusing on demand guarantees. The certificate provides the key knowledge and skills needed to operate effectively in a highly technical area of inter national trade.
CITF EXAMINATION It is a single two hour examination consisting of a combination of Multiple Choice Questions ----Part A Case study exercises ------------Part B A total of 100 marks are available. The pass mark for the examination is 70% of the marks. The structure of the assessment ensures that all aspects of the course content are subject to external examination which is conducted under strict examination conditions.
BUR DUBAI Bank Street, Near Metro
ABU DHABI Near Al Wahda Mall
SHARJAH
Buhaira Corniche