Recertification

Overview of Continuing Professional Development for CDCS®

Recertification is required every three years to demonstrate continuing professional development and to retain the right to use the CDCS® designation. To maintain your CDCS certification, you will need to earn 24 Continuing Professional Development (CPD) credits over the three year recertification cycle ending April 30, 2018. Please note that for your next recertification cycle, May 1, 2018 – April 30, 2021, you will need to earn 36 CPDs during this time to recertify your CDCS. Our UK partner, the London Institute of Banking & Finance (LIBF, formerly ifs University) has updated the requirements for recertification to be more in line with other professional finance-related certifications. “36” represents an average of one hour of CPD each month of the recertification cycle, which gives a simple reference point to keep you on track with your CPD learning/personal development.

You can report activities through BAFT, if you earned your CDCS® certification in Canada, the United States, or Mexico. (If you received your CDCS® certification outside of Canada, Mexico, or the United States through LIBF/ifs, please visit the LIBF website: http://cdcs.libf.ac.uk/recertification). Activities should be recorded on the CDCS® recertification activity reporting form, found here. Forms may be submitted to BAFT at cdcs@baft.org.

BAFT requires a minimum of 24 CPDs to be earned by attending BAFT-approved and other accredited events and training and/or participation in online courses/bank-approved training to earn CPDs. These events and training sessions include BAFT conferences, workshops, and committee work, ICC courses, IIBLP courses, Coastline Solutions courses, and BAFT-approved bank training. Click here for a list of courses and events that are accepted for CPDs toward CDCS® recertification.

Recertification Cycle

The first recertification cycle will start after a successful completion of the initial examination (in April or October) it will conclude three years later on April 30 or October 31 of that year so, as an example:

  • If you earned your certification in April 2015 you will complete your first three-year recertification cycle on April 30, 2018, earning 24 CPDs.
  • If you earned your certification in October 2015 you will complete your first three-year recertification cycle on October 31, 2018, earning 24 CPDs.
  • If you earned your certification in April 2016 you will complete your first three-year recertification cycle on April 30, 2019, earning 24 CPDs.
  • • If you earned your certification in October 2016 you will complete your first three-year recertification cycle on October 31, 2019, earning 24 CPDs.

Following these recertification cycle examples, subsequent recertification cycles will start either on May 1 or November 1 and conclude three years later on April 30 or October 31st, respectively.
For those certifying/recertifying starting May 1, 2017 and beyond – 36 CPDs (PDUs) are required to recertify. There are no minimum or maximum hours which can be claimed in any one year.

A Change in Terminology: PDUs to CPDs
 
We now use the term “CPD Learning Hours” instead of the previous PDU (personal development unit). We believe it better describes recertification as a continuation of the learning already achieved after passing the International Trade Finance exams. ONE CPD Learning hour will be the same as ONE PDU previously.

Extensions

If you have earned 18 of the 24 PDUs required for recertification within any designated three-year recertification cycle you may apply to BAFT for a one-year extension. The request and CDCS® Activity Reporting Forms to date must be submitted by April 30 or October 31st of the third year of the recertification cycle. An extension to acquire the additional PDUs needed for recertification does not extend your recertification three year validation period. Please note that each extension request will be reviewed; an extension is not automatically guaranteed.

Fees

$200 - Recertification fee prior to April 30th or October 31st
$250 - Late recertification fee (applications submitted after April 30th or October 31st)


Pay Recertification Fees

Forms

Recertification Application – 2018

Recertification Activity Form - 2018

CDCS® Recertification Handbook – 2018


Submit CPDs

Current CDCS® holders may submit their CPDs by emailing cdcs@baft.org. Please allow 10 working days for a reply.