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Founded in 1879 as the Institute of Bankers, the institution evolved in line with the financial services and banking industries. It gained a Royal Charter in 1987 and in 1996 developed the first professional award linked to a university degree. In 1997, the name was changed to the Institute of Financial Services (ifs), reflecting a broadening of services. In 2013, it was granted University College title and became ifs University College.

In 2015, a comprehensive strategic review was implemented and, as part of a new vision, it launched a new brand and identity in September 2016, The London Institute of Banking & Finance (LIBF).

We are both proud to have been involved with the LIBF for many years as authors, test committee members, question writers, advisors, and Chief Examiner, among other roles.

CITF ® was developed by ifs (LIBF) and launched in 2009. The ICC endorsed it in 2014. Stated objectives are:

• Advise clients appropriately on the basics of international trade and finance.
• Understand the processes involved in each type of international trade product.
• Understand the risks involved in international trade and how to mitigate them.
• Understand current banking practices, and conventions that are applicable to international trade.
• Understand the roles and responsibilities of all parties involved in international trade transactions.

CDCS® was developed in partnership by ifs (LIBF), IFSA (now BAFT) and ICC. Stated objectives are:

• Demonstrate a level of expertise in documentary credits that is recognised worldwide.
• Improve knowledge and understanding of the complex issues associated with documentary credit best practice.
• Develop the skills to apply knowledge in the workplace and to perform at a high level.
• Add the professional designation ‘CDCS' after an individual's name.

CSDG® develops practical knowledge and expertise in the use of guarantees including industry rules, legislation and the challenges relating to demand guarantees and standby credits. Stated objectives are:

• Analyse demand guarantee products and processes.
• Apply appropriate rules and guidelines within demand guarantees.
• Understand the interrelationships between the various subject disciplines and assimilate these coherently to provide effective solutions.
• Develop an understanding of current technical language, methods and practices of demand guarantees, standby letters of credit and suretyships.

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