This course provides a detailed review of Documentary Credits, from structuring and issuance to document verification to financing and settlement. The format of the course follows a typical transaction flow and seeks to highlight practical considerations related to the use of Documentary Credits in international trade.

Upon completion of the course you will have a solid, practical understanding of the transaction lifecycle of an L/C and will have acquired practical insights into the issuance, document verification and financing/settlement processes related to Documentary Credits.


Number of teaching lessons : 9 Duration : 5 hours
Level : 2 Language: English
Credit category : 5

General practitioners working in banks, corporates, or financial institutions in functions such as relationship management, credit and compliance, but with an interest in trade finance.

This eLearning course is part of the Certified Trade Finance Professional (CTFP) certificate and includes a self-assessment tool to help you prepare for the final examination of the CTFP.

However, please note you will only be able to take the final exam and receive the certificate, if you purchase the full Certified Trade Finance Professional course. You will not be able to take the exam if you make multiple, separate purchases of individual courses that together make up the CTFP.

The pass grade for the CTFP exam is set at 70%.

Module 1 Review of Key Features and Transaction Flow

Module 2 Structuring and Issuance of Documentary Credits

Module 3 Document Verification

Module 4 Discrepancy Management

Module 5 Settlement and Financing

Module 6 Confirmation of Letters of Credit

Module 7 Special Features, Transferable and Back-to-Back L/Cs

Module 8 Case Study

Module 9 Assessment

President, OPUS Advisory Services International Inc.

Alexander Malaket is a recognized specialist in international trade and trade finance, with over 25 years of professional experience in Canada and internationally. Alexander is Deputy Head of the Executive Committee of the ICC Banking Commission (Paris), a member of the Executive Committee of the Board of Directors, World Trade Centre (Winnipeg) and a member of the Board of the Forum for International Trade Training (Ottawa).

Alexander is a member of the B20 Task Forces for 2015, the International Affairs Committee of the Canadian Chamber of Commerce, and a “Nominated Expert” in trade finance at the UN/ CEFACT, as well as a member of the ICTSD/World Economic Forum E15 Initiative. Author of “Financing Trade and International Supply Chains” published by Gower, UK in 2014, Mr Malaket is a frequent speaker, panel chair and participant at leading industry events around the world.