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CDCS Study Notes

This document provides an overview of documentary credits and letters of credit. It discusses the history and basic principles of documentary credits, the anatomy of an international trade transaction, and the roles of banks in facilitating trade through letters of credit. Key reference materials covered include UCP 600, URR 725, ISBP, and ISP 98.

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9K views8 pages

CDCS Study Notes

This document provides an overview of documentary credits and letters of credit. It discusses the history and basic principles of documentary credits, the anatomy of an international trade transaction, and the roles of banks in facilitating trade through letters of credit. Key reference materials covered include UCP 600, URR 725, ISBP, and ISP 98.

Uploaded by

cvrkswami4853
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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CDCS

Examination
Study notes

(c)Athena
solutions

Chapter 1
Objectives :
History of LC
Basic principles of a DC/LC
(c)Athena
solutions

History

History and fundamentals


of documentary credits

(c)Athena
solutions

what is covered in the exam


UCP 600
URR 725
ISBP ( ICC publication 645)
and of course ISP 98.
(c)Athena
solutions

ANATOMY OF A TRADE
SELLER

MONEY FLOW

GOODS FLOW
BUYER

(c)Athena
solutions

TRADE FACILITATION
SELLER
APPLIES FOR A
DOCUMENTARY CREDIT
PROVIDES A
DOCUMENTRARY
CREDIT

BUYER

RECOVERS MONEY
PAID

RELEASES THE
DOCUMENTS
RECEIVED

BANKER

HONORS THE
CREDIT

SUBMITES DOCUMENTS
REQUESTED IN CREDIT

(c)Athena
solutions

Roles of Bankers
Issuing Bank
Advising Bank
Nominated Bank
Confirming Bank
(c)Athena
solutions

UCP 600
Article 2
Defines various terms used in the Rules.
Negotiation
Honor
Credit.
(c)Athena
solutions

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