CITF (Certificate in International Trade and Finance)
CITF certificate has been designed for exporters and importers. Banking professionals may also be benefited from this internationally recognized certificate. CITF certificate programme has been developed by IFS University College in consultation with trade finance experts from across the world. CITF combines trade finance theory and practice. By having this certificate you prove that you have enough technical knowledge in international trade finance with the skills to apply that knowledge to real situations.
What topics does CITF certificate cover?
After studying CITF, you will enable you to understand:
The global trade dynamics and factors shaping the world economy as a whole,
The role of the ICC in international trade and the rules that have been created by ICC,
How to use ICC international model contracts in daily life?
The basics of trade terms and Incoterms rules,
The documents used in international trade such as financial documents, official documents and transport documents,
What are the risks associated with foreign currencies when exporting and importing?
How to mitigate foreign exchange risks in international trade finance?
What are the payment methods in international trade?
What are the differences between open account, documentary collections, documentary credits and bank payment obligations?
The fundementals of guarantees and standby letters of credit.
Differences between short, medium and long term trade finance
Fundementals of islamic trade finance
How to handle disputes arising from international trade operations?
Basics of arbitration
Fraud prevention and anti-money laundering
Who can enter CITF certificate examination? Are there any unexpected obstacles?
CITF would be a 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. There are no entry requirements for CITF certificate examination. Anyone who pays the submission fee may enter CITF examination. But please keep in mind that CITF examination has a moderate difficulty level. You have to be prepared for the CITF examination questions. Examination takes place in English language only.
What Is the CITF Examination Format?
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.
To pass you must achieve the required pass mark of 70%. CITF is examined in over 30 countries each year and are given in paper format at designated international centres.
Which organizations make CITF examinations?
CITF examination held by IFS University College. You can reach their website from this link.
How much does it cost to take CITF examination?
CITF examination which held by IFS University College cost you around 530GBP. (650EUR)
*for exact and up-to-date cost please refer to above official website.
How to prepare CITF examination?
You have to study by yourself to CITF examination. Once registered a textbook is sent to every candidate by post, developed by ifs University College, which provides the main body of knowledge required for the examination. You will also have access to materials online via ifs University College’s online learning environment, my ifslearning. Preparation for the examination usually takes six months with comprehensive learning materials provided.
What is the scope of the CITF examination?
You can reach CITF examination learning outcomes and assessment criteria from this link.
How to apply for a CITF certificate examination :
You should apply for a CITF certificate exam from ifs University College's official website.
What is CITF Certification (Certificate in International Trade and Finance)?
CITF is the abbreviation of the Certificate in International Trade and Finance. Certificate in International Trade and Finance (CITF) is a title in international trade finance. You have to pass a written examination that takes two hours in order to be qualified as a CITF.