ifs Level 3 Certificate in International Trade and Finance (CITF®)

Certificate in International Trade and Finance (CITF)

Overview

The Certificate in International Trade and Finance (CITF®) has been designed to enable trade, export and commodity executives to gain a thorough understanding of key procedures, practices and legislation in trade finance on an international level.

CITF® combines the acquisition of technical knowledge with the skills to apply that knowledge to real situations. As an International Trade Course It has been developed in consultation with trade finance experts from across the world.

Make-an-enquiry for CITF

Studying CITF® will enable you to understand:

  • The trade environment and the role of the 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
  • Methods of payment mechanisms including open account, collections, documentary credits and bank payment obligations
  • Guarantees and standby credits
  • Short, medium and long term trade finance
  • Islamic trade finance
  • Dispute handling, arbitration and resolution
  • Fraud prevention and anti-money laundering

Why study CITF?

  • Enables you to advise clients appropriately on international trade and finance
  • Improves your understanding of the processes involved in each type of international trade product
  • Helps you to appreciate the risks involved in international trade and how to mitigate them
  • Enables you to understand the roles and responsibilities of all parties involved in international trade products
  • Gives you the right to add the professional designation 'CITF®' to your personal credentials
  • Improves your career and promotion prospects

Important Qualification Related Information

Cost

Examination registration fee

£485 GBP

International booking fee*

£55 GBP

Examination resit fee

£300 GBP

Resit international booking fee

£22 GBP


*Candidates outside of the UK are required to pay the international booking fee.

The examination registration fee includes the following:

  • Printed study text (also available online via my ifslearning)
  • Student handbook and specimen examination paper
  • Registration for the examination

Please note: The examination resit fee only includes online access to the study text and registration for the exam. A copy of the printed study text is available separately but at an additional cost.

More information regarding the ifs University College payment and sending fees can be seen here

Studying

CITF® consists of one mandatory unit:

Unit 1 – International Trade and Finance J/506/0459

The unit examines the roles and responsibilities of banks, importers and exporters, and the products available to assist them to find satisfactory solutions for international trade finance. The unit explores the international trade environment at an introductory level, the commonly used documents and international trade terms, key methods of trading and exchange risk.

Whilst students working in the industry will recognise the processes described and be able to extend their knowledge, those students without industry experience will find the material provides an excellent introduction to international trade.

Studying

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

All students who register with us will receive printed study resources that cover the CITF 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 the syllabus, the study materials are normally updated annually. It is a student's responsibility to make sure they are studying from the most up-to-date materials.

Assessment

Assessment for CITF® consists of a 2 hour multiple-choice examination, designed to test knowledge and its application. The examination paper consists of 100 multiple-choice questions, split in to two sections:

  • Section A - 80 multiple-choice questions
  • Section B - four case studies, each with 5 linked multiple-choice questions.

CITF® is examined in over 30 countries each year and are given in paper format at designated international centres.

View the examination venues

The next examination will take place on 10 April 2015 (please note: students sitting examinations in China, Hong Kong and South Korea will be examined on 11 April 2015).

Registration

Registrations are now open for the April 2015 examination and must be received on or before 31 January 2015

A CITF® registration form can be downloaded here. To view this file you need to have Acrobat Reader installed on your computer. This is free and available from the Adobe website. Completed registration forms should be sent to Customer and Student Services, ifs University College, ifs House, 4-9 Burgate Lane, Canterbury, Kent, CT1 2XJ, United Kingdom.

For further details and any queries please contact Further Education Customer and Student Enquiries on +44 (0) 1227 818609 (option 1) or via email .

All candidates should register with the ifs University College unless they fall into the international candidate categories listed below.

Candidates from Bangladesh

Candidates from Bangladesh should send their registration forms to The Secretary General, ICC Bangladesh, Suvastu Tower (56th Floor), 69/1, Pantha Path, Dhaka-1205, Bangladesh. If you have any queries, please email arahman@icc-bd.org or iccb@bdmail.net or call 880-2862-1942 or 880-29676698.

Candidates from China

Candidates from China should send their registration forms to Mr Li Tianya, China Chamber of International Commerce, No 2 Huapichang Hutong, Xicheng District, Bejing, 100035, China. If you have any queries, please email cdcschina@ccpit.org or call (+8610) 8221 7267 or fax (+8610) 8221 7272.

Candidates from India

Candidates from India should send their registration forms to International Chamber of Commerce India, Federation House, Tansen Marg, New Delhi 110 001. If you have any queries, please email iccindia@iccindiaonline.org / parshant@iccindiaonline.org or call (+91) 11 23322472 (Direct), 23738760 - 70, Extn 375/210.

Candidates from Indonesia

Candidates from Indonesia should send their registration forms and payment to ICC Indonesia, Tempo Pavilion 1 building 8th Floor, Jl. HR. Rasuna Said Kav. 11, Jakarta 12950 Indonesia, please email icc@iccindonesia.org or call (+62) 21 29667914 or fax (+62) 21 29667915.

Candidates from Malaysia

Candidates from Malaysia should send their registration forms to ICC Malaysia, Wisma FMM, No. 3 Persiaran Dagang PJU 9, Bandar Sri Damansara, 52200 Kuala Lumpur, Malaysia. For any queries, please email iccm@iccmalaysia.org.my or call +603 6286 7200 or fax +603 62741266 /7288.

Candidates from South Korea

Candidates from Korea should send their registration forms to Ms Sangkyung Kim, Korea International Finance Institute, KIFI Building, 50-8, Toegyero 20 Gil, Jung-gu, Seoul 100-042, South Korea. If you have any queries, please email or kifi01@naver.com call (+82) 2 778 0808.

Progression

When a student has successfully completed the CITF® qualification, they can proceed to study towards 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 documentary credit practitioners to demonstrate specialist knowledge and application of the skills required for competent practice.

Certificate for Specialists in Demand Guarantees (CSDG)
CSDG is the new specialist qualification for professionals that use demand guarantees in their everyday work. The certificate provides the key knowledge and skills needed to operate effectively in a highly technical area of international trade.