CDCS Exam Pattern 2025
If you’re preparing for the Certified Documentary Credit Specialist (CDCS) exam, there’s an important update you need to know. The exam format will undergo a significant transformation starting 12th September 2025, making it more flexible for candidates and more focused on practical knowledge.
The Old Pattern – All or Nothing
Until now, the CDCS exam was conducted as one combined test. Candidates had to complete all sections in a single sitting:
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Duration: 3 hours 15 minutes
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Format: Combination of multiple-choice questions (MCQs) and document-checking exercises
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Passing Requirement: Around 70% overall
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Retake Policy: If you failed, you had to repeat the entire exam, even if most answers were correct.
This format tested both conceptual understanding and document-handling skills in one go, but it also meant high stakes — a small mistake in one section could mean starting from scratch.
The New Pattern – Modular Approach
From 12th September 2025, the CDCS exam will be split into two separate units:
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Foundations of Documentary Credits (FODC)
Focuses on the core principles, rules, and processes of documentary credits, including UCP 600, ISBP, and key trade finance concepts. -
Management of Documentary Credits (MGDC)
Tests your ability to apply knowledge in real-world scenarios, handle complex documentation, and manage operational risks.
Why This Change Matters
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Less Pressure: If you pass one unit, you don’t need to retake it — only the failed unit needs to be reattempted.
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Better Preparation: You can study in stages, focusing on one area at a time.
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Real-World Relevance: Splitting theory and application allows for more targeted skill assessment.
Tips to Prepare for the New CDCS Pattern
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Understand the Unit Boundaries – Review the syllabus for both FODC and MGDC to know which topics fall under each.
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Practice Separately – Attempt mock tests designed for each module instead of one combined test.
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Focus on Document Checking – The MGDC will likely keep detailed checking exercises, so hone your accuracy.
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Stay Updated – Follow announcements from the London Institute of Banking & Finance (LIBF) for the official format and marking scheme.
Earlier vs. Updated CDCS Exam Pattern
| Aspect | Earlier Pattern (Before Sept 2025) | Updated Pattern (From Sept 2025) |
|---|---|---|
| Exam Structure | Single combined exam | Two separate units: FODC & MGDC |
| Units | Not divided into separate modules | Unit 1: Foundations of Documentary Credits (FODC) Unit 2: Management of Documentary Credits (MGDC) |
| Duration | 3 hours 15 minutes | Separate timings for each unit (to be confirmed by LIBF) |
| Format | MCQs + document-checking exercises in one sitting | MCQs and exercises divided across two modules |
| Retake Policy | Must retake the entire exam if failed | Retake only the failed unit |
| Preparation Style | Study everything together | Can prepare unit-by-unit |
| Stress Level | High — one sitting determines result | Lower — success in one unit is retained |
Final Thoughts
The CDCS exam’s shift to a modular system is designed to reduce stress and increase focus for candidates. This is a great opportunity to prepare smarter and perform better — especially if you plan your study around each unit’s specific requirements.
