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Level 4 Certificate for Specialists in Demand Guarantees (CSDG®) Details Page


Over recent years, there has seen a significant increase in the use and importance of demand guarantees worldwide. The Certificate for Specialists in Demand Guarantees (CSDG®) been designed to enable demand guarantee professionals to demonstrate their knowledge and expertise.

CSDG® is a QCF* Level 4 qualification that aims to develop students' knowledge and expertise in the use of guarantees, industry rules, legislation and the challenges relating to demand guarantees and standby credits.

CSDG® was developed by ifs University College in partnership with the International Chamber of Commerce (ICC). This qualification has been designed with input from leading industry experts to keep the contents relevant in an ever-changing sector.

ifs University College CSDG qualification

Studying CSDG® will enable you to understand:

  • Demand guarantees – including tender, performance and advance payment
  • Indemnities, Suretyships and standby letters of credit and how they compare
  • Scope of industry rules including URDG 758 and ISP98
  • Parties involved in demand guarantees and their roles and obligations
  • Risk issues, including types, control and mitigations
  • Impact of external factors including governing law and force majeure

Why Study CSDG®?

  • Enables you to demonstrate a level of expertise in demand guarantees that is recognised worldwide
  • Improves your knowledge and understanding of the complex issues associated with demand guarantee best practice
  • Helps you develop the skills to apply your knowledge in the workplace and to perform at a high level
  • Gives you the right to add the professional designation 'CSDG' after your name
  • Improves your career and promotion prospects

CSDG® Registry

The international CSDG® registry contains the names of individuals that have met the qualification or recertification requirements to achieve the CSDG® designation. Names are removed from the registry after three years if an individual has not successfully recertified.

Click here to view the latest CSDG Registry

Important Qualification Related Information


Registration fee

£490 GBP

International booking fee*

£55 GBP

Examination resit fee

£305 GBP

Resit international booking fee*

£22 GBP

*Candidates outside of the UK are required to pay the international booking fee. Bursaries are available to eligible students.

The examination registration fee includes the following:

  • Printed study text
  • Online study guide
  • Student handbook and specimen examination paper
  • Registration for examination

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

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


CSDG® consists of one mandatory unit:

Principles and Practices of Demand Guarantees H/505/9707

This unit will enable demand guarantee specialists to understand guarantees, the products, processes, parties and the rules and regulations that underpin demand guarantees. As well as the ability to manage demand guarantees and identify risks by applying knowledge of processes and rules, and by checking the accuracy of demand guarantee and standby credit presentations.


CSDG® has been designed to be studied through self-study. Upon registration you will be sent a detailed study text which you will study from independently.

In addition to the printed study text, a study guide and specimen paper will be available for you to download.

Please note that in order to reflect any changes to syllabuses, study materials are updated periodically. It is your responsibility to ensure you are studying from the most up-to-date materials.


Assessment for CSDG® consists of a 3 hour multiple-choice examination, designed to test knowledge and its application to practical situations. The examination paper consists of 66 multiple-choice questions and six simulations; the paper is split in to two sections:

  • Section A - 50 multiple-choice questions
  • Section B - 10 multiple-choice questions, one case study, with six linked multiple-choice questions, and six simulation exercises.

CSDG® is examined in over 30 countries each year with examinations given in paper format at designated international centres.

View the examination venues


Registrations are now open for the 14 and 15 October 2016 examination and must be received on or before 1st August 2016

Please be aware that these examinations were previously scheduled to take place on 7 and 8 October 2016.

The CSDG® registration form can be downloaded here. You will need to have Adobe Acrobat Reader installed on your computer to view this file – you can download this program for free from the Adobe website.

Completed registration forms should be scanned and emailed to, or sent to Student and Customer Services, ifs House, 4-9 Burgate Lane, Canterbury, Kent CT1 2XJ, United Kingdom.

For further details and any queries, please contact Student and Customer Services on +44 (0) 1227 818609.

All candidates should register with the ifs University College unless you 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 or or call 880-2862-1942 or 880-29676698.

Candidate from China

Candidates from China should send registration forms to Mr Yan Jun, China Chamber of International Commerce, No. 2 Huapichang Hutong, Xicheng District, Bejing, 100035, China. If you have any queries, please email or call (+8610) 8221 7266 or fax: (+8610) 8221 7272

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 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 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 call (+82) 2 778 0808.


When you have successfully completed the CSDG® qualification, there are two study pathways available to students.

One option is to study the Certificate for Documentary Credit Specialists (CDCS®). This professional certification enables documentary credit practitioners to demonstrate specialist knowledge and practical application. CDCS® is the international benchmark of competence of documentary credit practitioners.

The second qualification available is the Certificate in International Trade and Finance (CITF®), 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.


When the CSDG® qualification has been successfully passed, the CSDG® designation will remain valid for three years. To retain the CSDG® designation, holders are required to participate in the recertification programme. Alternatively, you can register for and re-take the CSDG® examination at the end of the three-year period to recertify the CSDG® designation.

Key facts about CSDG Recertification

  • There is a requirement to complete 24 hours of CPD credit within each three-year cycle.
  • One CPD credit is equivalent to a 50-60 minute session.
  • CPD credit can be earned from a variety of different activities.
  • Upon request, a status statement and number of CPD credits completed can be provided. .
  • Automatic inclusion in to the annual international CSDG® registry.

ifs University College recommends that the CSDG® Continuing Professional Development (CPD) logging spreadsheet be completed as each CPD credit activity is undertaken. Once completed, the spreadsheet and evidence needs to be scanned and emailed to Further details can be found in the recertification handbook.

General CPD categories:

  • Accredited courses and Management Development Programmes
  • Industry education, e.g. exhibitions, seminars and conferences
  • Further qualifications e.g. certificates, diplomas and degrees
  • Imparting Knowledge e.g. speaking at courses, seminars or conferences
  • Published materials, e.g. books, manuals, magazine / journal articles

The cost of recertification is £200.00 please view the payment details for all methods of payment accepted by ifs University College.

CSDG® Recognised Course Registry

Current courses recognised by ifs University College are listed on the Course Registry
View the updates for 2015 on the CSDG recognised course registry (2015 updates) and view the latest courses for 2016 on the 2016 course approval registry.

Please note: This list is not exhaustive, other courses, seminars and activities may attract CPD credit towards the CSDG® recertification programme.

Recertification information

To find out more about the recertification program or to send your completed recertification forms, please send an email to

You should allow 10 working days for a reply. (Please do not send any duplicate emails or reminders)

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