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Certificate in International Trade and Finance (CITF®)

Professional Qualifications

Certificate in International Trade and Finance (CITF®)

CITF enables trade services specialists to demonstrate expertise on the key procedures, practices and legislation in international trade finance and their readiness for career progression.

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About the qualification

CITF combines the acquisition of technical knowledge with the skills to apply that knowledge to real situations and has been developed 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. In addition to this core knowledge, CITF helps you to develop a basic understanding of fraud prevention and risk in terms of trade finance.

Studying CITF 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
  • Fraud prevention and anti-money laundering
The Certificate in International Trade and Finance is a Level 3 qualification registered with Ofqual in the Regulated Qualifications Framework (RQF).

Key facts

  • Exams are held in April and October each year
  • Comprehensive study materials are provided
  • Upon completion, you are able to use the ‘CITF’ designation after your name
  • Earn CPD learning hours /  PDUs towards CDCS® and CSDG® Recertification

Units

CITF consists of one unit. It is recommended that students spend 200 learning hours studying for this qualification.

Unit - International Trade and Finance

J/506/0459

An introduction to the international trade environment through focusing on the commonly used documents, trade terms and methods, exchange risk and the products available to deliver satisfactory solutions to the problems faced in international trade and finance. As well as providing an overview of the impact and significance of sanctions, corruption, money laundering and fraud in international trade.

CPQ Blue Testimonial
The more people that have CITF, the better understanding of international trade which will improve the variety of solutions provided to exporter/importer. It will benefit them, so at the end will increase international trade. CITF student from Indonesia

Studying

Preparation for the exam usually takes six months.

CITF is a self-study qualification and following registration you will be sent a detailed study text covering the syllabus and containing review questions and activities. A specimen paper is also available to download. In addition to printed materials, students will also receive online access to the study resources.

Assessment

CITF is assessed through a 2-hour paper-based objective exam split into two sections:

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

CITF is examined in over 40 countries at designated international centres.

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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.

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.

 

ICC Indonesia
Tempo Pavilion 1 building 8th Floor
Jl. HR. Rasuna Said Kav. 11
Jakarta 12950
Indonesia.

If you have any queries, please email icc@iccindonesia.org or call (+62) 21 29667914 or fax (+62) 21 29667915.

 

ICC Malaysia
Wisma FMM
No. 3 Persiaran Dagang PJU 9
Bandar Sri Damansara
52200 Kuala Lumpur
Malaysia.

If you have any queries, please email iccm@iccmalaysia.org.my or call +603 6286 7200 or fax +603 62741266 /7288. 

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 kifi01@naver.com or call (+82) 2 778 0808.

Frequently Asked Questions

The registration fee includes the study text, in both book and PDF format*, the first sitting of your examination and/or coursework and online access to the MyLIBF area of the website.

*The Certificate for Specialists in Demand Guarantees (CSDG®) study text is not currently available online.   

In line with our charitable objectives, we make means-tested bursaries available to students studying our qualifications.

You can find out more information about the bursaries we offer here.
If you would like to apply for a bursary, please email our Student and Customer Services team or call them on +44 (0)12 2781 8609. Please ensure that you have details of the qualification you intend to study when contacting us. 

If you find that the qualification you have registered for is not appropriate to your needs, you may cancel it. A full refund will only be given providing all learning materials are returned to us, fully intact and undamaged, within 14 calendar days of receipt. However, if you have already booked an examination, no refund will be given.

 

After 14 calendar days, all fees are non-refundable and non-transferable. If you have registered for a qualification where study materials are provided online only e.g. resit and CSDG students, a refund may only be requested within 14 days of The London Institute of Banking and Finance receiving payment.

This is dependent on the type of examination you are sitting.

Electronic examinations

These are controlled by Pearson VUE and you will need to contact them directly via using the details on the ‘important registration information’ link on the MyLIBF home page.

If you are unable to attend your examination, please contact Pearson VUE as soon as possible to cancel or reschedule your examination, allowing a minimum of one full clear business days notice prior to your examination. For example, the deadline to cancel or reschedule an electronic examination due to take place on a Tuesday would be the Friday before. 
 
AFA examinations

All electronic Advanced Financial Advice (AFA) examination and all paper based examinations are taken on a set date (as per the qualification timetable) and it is not possible to change the date and time. You may however, be able to change the venue or defer to a later sessions and should contact the Student and Customer Services team via email or by phone on +44 (0)12 2781 8609 to enquire.

If you are unable to provide the required notice due to significant mitigating circumstances such as sudden illness, please contact Students and Customer Services straight away as you may be eligible for Special Consideration. Supporting documentary evidence is required for a Special Consideration application. 

Making a complaint

A complaint should be made as soon as possible, but no later than ten working days from the date of the incident occurring. 

We deal with all complaints as promptly as possible and within clearly defined timescales. Where it is not possible to meet these service standards, students will be informed of the progress of their complaint. The stages for handling a complaint are as set out within our CPQ Complaints Policy.

Appealing a decision

Students also have the right to appeal to a decision that has been made in the course of the assessment of their programme of learning. An appeal may only be submitted in relation to final decisions. 

An appeal application must be submitted to us within 15 working days of the date of our letter advising the outcome of a decision. If the appeal application form is received after the deadline, we reserve the right to refuse the application. Please read our Appeals Policy, in particular Section B - 'making an appeal'.
 
Making a result enquiry

If you believe that there has been an error in the marking of your assessment, you may apply for an assessment result enquiry. This policy does not apply to the applicant who believes that their performance during an assessment may have been adversely affected by external factors, for example, noise, illness or unforeseen circumstances. These cases are dealt with under our Special Consideration Policy.

Please read our Assessment Result Enquiry Policy fully as this sets out the key stages for applying. An application form is included within the policy and must be sent to us within 10 working days of the assessment outcome being communicated to you. 
 

For any of the above, we recommend that you first contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk to discuss the nature of your concern and for us to offer guidance regarding the process.

... Recognition of Prior Learning (RPL)?

You can apply by completing the RPL application form and sending the form and certified copies of your qualification certificate or transcript to the email or postal address on the form.

We aim to consider and respond with an outcome to your application within 10 working days. In the event that an enquiry proves complex, we may need longer than initially anticipated to investigate it. In such cases, we will make sure that you are kept informed of progress.

You can find the RPL policy here.

special consideration?

You can find our CPQ Special Consideration Policy here. You will need to complete an application form and submit this with your documentary supporting evidence. Given the individual nature of special consideration claims, we would recommend that you also contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk for an informal discussion before you submit your application.

For your claim to be considered, you must have initially notified us of your circumstances on or before the submission deadline for coursework or within five days of the examination date. Any applications made outside of this timescale must include an explanation as to why the delay has occurred.

We aim to consider and respond with an outcome within 5 – 10 working days of receipt of your application. This timescale may be longer In the event of your application being referred to the Concessionary Board.

… reasonable adjustment?

Given the individual nature of reasonable adjustments, we would recommend that you contact the Student Support Services team by telephone on +44 (0)12 2782 9499 or email enquiries@libf.ac.uk for an informal discussion before you submit a request. This will allow us to fully understand the nature of your request and advise you on the type of supporting evidence required.

You can find our CPQ Reasonable Adjustments Policy here. An application form is included within Section A, and must be sent to us at least six weeks prior to the date when the adjustment will need to be in place. 

Contact

For registration and other enquiries please contact Student and Customer Services on +44 (0)12 2781 8609.

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