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International Trade and Finance (CITF®) Certification Course

Overview of the course: CITF is a Level 3 qualification registered with Ofqual in the Regulated Qualifications Framework.   Supported by BAFT. 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 Course
  • Certification Body
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Overview of the course:

CITF is a Level 3 qualification registered with Ofqual in the Regulated Qualifications Framework.  

Supported by BAFT.

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 documents used in international trade
  • Risk and mitigation including foreign exchange hedging
  • Methods of payment including open account, collections, 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.

Learning Outcome:

  • 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

Who needs this course?

CITF would be highly valuable achievement for Exporters, Importers and Banking professionals who would like to prove their knowledge in International Trade and Finance in a global scale.

Purpose of the qualification  

Why study for 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.
  • In addition to this core knowledge, CITF® helps you to develop a basic understanding of fraud prevention and risk in terms of trade finance.

 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: 

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 demonstrate specialist knowledge and application of the skills required for competent practice. 

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 international trade. 

Detailed Course Content:

  • Introduction
  • The international trade environment
  • Contracts
  • Intermediaries and how they operate
  • Documents used in international trade and the Incoterms® 2010 rules
  • Methods of settlement
  • Documentary collections
  • Documentary credits
  • Short-, medium- and long-term trade finance
  • Islamic trade finance
  • Guarantees and standby letters of credit
  • Export credit insurance
  • Foreign currencies and the exchange risk
  • Financial crime
  • Bank payment obligations (BPOs) 269

About Certification and Awarding Body – Option 1

Specific Certification Title: Certificate in International Trade and Finance (CITF®)

About Awarding Body: LONDON INSTITUTE OF BANKING AND FINANCE

The London Institute of Banking & Finance, is a registered educational charity incorporated by Royal Charter. Established in 1879 as the Institute of Bankers, The London Institute of Banking & Finance offers a number of qualifications from financial capability for 14-19 year olds, undergraduate, Masters, and Continuing Professional Development (CPD) and executive education qualifications and programmes.

Eligibility: 

There are no entry requirements for CITF Certificate Examination.

Examination Pattern:

Total Qualification Time (TQT)

Total Qualification Time (TQT) is a prediction of the total time a student with no prior knowledge might need to complete the course.  FOR CITF it is a 200 Hours of Self Study Time.

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. 

Exam Dates:

Exams are held in April and October each year.

About Certification and Awarding Body – Option 2

KHDA Certificate:

Course completion certificate attested by KHDA (Knowledge and Human Development Authority, UAE)

The Knowledge and Human Development Authority (KHDA) is responsible for the growth and quality of private education in Dubai. We support schools, universities, parents, students, educators, investors and government partners to create a high quality education sector focused on happiness and well being.

Title: Preparation for certificate in International Trade and Finance(CITF)

For application process, please contact us.

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