Certified Factoring Professional (CFaP)
The Certified Factoring Professional (CFaP) responds to the needs of professionals demanding comprehensive expertise on Factoring and receivables finance, which are vital tools for businesses seeking liquidity and growth. The sector faces increasing risks – from fraud cases to the complexities of supply chain finance. CFaP will equip you with the technical skills and real-world expertise to address industry risk, support clients, and advance your career in an evolving trade finance environment, with a rigorous, practical training programme.
About the Qualification
The Certified Factoring Professional (CFaP) offers rigorous, practical training covering both domestic and international factoring. This ICC programme combines technical knowledge with real-world applications to ensure participants are prepared to address more complex transactions, manage risk and navigate international trade rules and regulations.
Why take the CFaP?
- Comprehensive coverage: CFaP contains more than 20 hours of learning covering both domestic and international factoring in depth.
- Global recognition: The CFaP is developed and endorsed by ICC, the global authority on trade finance, ensuring credibility and international relevance
- Practical application: Use real-world case studies, interactive activities, and fraud risk scenarios to help you bridge theory with practice.
Who is the CFaP for?
Relationship managers. The CFaP empowers relationship managers to confidently position factoring solutions, strengthen client relationships, and drive new business.
Credit managers. The CFaP equips credit managers to mitigate fraud and risk by applying robust assessment, monitoring, and credit limit practices.
Trade operations staff. The CFaP trains operations staff to manage factoring transactions securely, ensuring accuracy, compliance and risk control.
Studying
This certification course includes six months access to 21 hours of online learning spread over 7 lessons and a 1-hour final, online exam:
• Lesson 1: Fundamentals of factoring
• Lesson 2: International factoring
• Lesson 3: Reverse factoring / supply chain finance
• Lesson 4: Operational aspects of factoring
• Lesson 5: Seller, buyer, import factor, credit insurance management
• Lesson 6: Legal and accounting aspects of factoring
• Lesson 7: Selling skills and risk mitigation
• Final exam: 1-hour online, live-proctored exam with 50 questions. Pass mark is 70%.
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Assessment
60 Minute Exam
- Once you have completed all seven lessons you will be able to access the final, online exam.
- The exam consists of multiple-choice questions and lasts for 1 hour. The passing mark is 80%.
- You must complete the exam within your 6-month access period.
- Your purchase of the CFaP includes one attempt at the exam. Subsequent attempts can be purchased for US$100 if you are still within your 6-month access period.
- If you pass the exam, you will be awarded a digital, internationally recognised, ICC certificate of achievement.
Register
Fees
This includes access to all 7 lessons in addition to the assessment examination.
- CFaP for individuals - US$699
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