Certified Letter of Credit Specialist (CLCs)

Certificate overview

This professional certification aims to develop the knowledge and expertise of bank employees and officials in the field of documentary credits, enhancing their experience to help them understand the objectives and advantages of letters of credit. It also covers the study of procedures and rules for opening a letter of credit through practical applications, from the client’s request to open a letter of credit to receiving the goods and making the payment.

It focuses on ways to avoid credit risks and how to manage them effectively. The certification also provides specialists with in-depth knowledge of documentary credits, enhances their skills in handling customer requests, and clarifies banks’ responsibilities and obligations while protecting its rights from any potential risks.

The professional certification aims to develop the knowledge and expertise of bank employees and officials in the field of documentary credits, enhancing their experience to help them understand the objectives and advantages of letters of credit. It also covers the study of procedures and rules for opening a letter of credit through practical applications, from the client’s request to open a letter of credit to receiving the goods and making the payment

What you will learn

Curriculum

8 modules

1. 01Introduction to Letters of Credit (L/Cs) and Comparison with Other Trade Methods
2. 02Sales Contracts in International Trade and Letters of Credit
3. 03Key Definitions Relevant to Document Examination under UCP 600
4. 04Procedures for Issuing and Amending a Letter of Credit
5. 05Examination of Documents under L/Cs According to ISBP Standards
6. 06Explanation of the Most Important Letter of Credit Products and Their Application Mechanisms
7. 07The SWIFT System
8. 08Regulations and Laws Issued by the International Chamber of Commerce (ICC)

Who it is for

• Bank employees and officials working in the field of foreign transactions
• Bank employees working in customer service
• Bank employees working in the departments of facilities and credit
• Bank employees in the central offices of commercial and foreign services departments
• Internal audit staff of banks and commercial and industrial companies
• Financial managers and accountants working in commercial and industrial companies that import and export goods

Eligibility requirements

Applicants must:

• Hold a degree from a recognized educational organization.
• Have professional experience in the field.
• Sit for and pass the certification examination.
• Adhere to the Professional Development Institute (PDI) Code of Ethics.