IIBF Forex Operations (CCFE) Syllabus
One paper, six modules, from FEDAI rules to Foreign Trade Policy. Here is the full breakdown.
The CCFE syllabus covers foreign exchange operations in six modules: FEDAI rules and forex rates, FEMA provisions for individuals, FEMA provisions for entities, documentary and standby credits, export finance, and the Foreign Trade Policy 2023. One online paper of 100 MCQs tests all six.
This page lists what each module contains. For how the paper is scored, see the exam pattern page; for what the dense abbreviations actually mean, the concepts page unpacks them.
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What Does the CCFE Syllabus Cover?
The CCFE syllabus spans FEDAI's role and rules, exchange-rate mechanics and forex risk management, FEMA regulations for individuals (LRS remittances, foreign currency accounts, NRI facilities) and for entities (imports, exports, ECB, overseas investment, FPI routes), the international rulebooks for documentary credits (UCP 600, ISBP, URDG 758), and export finance including factoring, forfaiting, ECGC and Foreign Trade Policy 2023.
It is a technical syllabus. Much of it is rules with exact numbers and article references, which shapes how it should be studied.
The Six Modules in Detail
Topic areas within each module, in courseware order.
Forex Markets, Rates & FEDAI
- 1FEDAI role and rules
- 2Foreign exchange rates & risk management
- 3Code of conduct, ethics & governance
FEMA: Individuals
- 1Remittance under LRS
- 2Foreign currency accounts
- 3Acquisition of assets/property abroad
- 4NRI facilities: deposits, investments, borrowing
FEMA: Entities
- 1Import of goods & services
- 2External Commercial Borrowings (ECB)
- 3Export of goods & services
- 4Overseas investments (ODI)
- 5Investment in India by non-residents/FPIs
- 6LO/BO/PO set-up by foreign entities
Documentary & Standby Credits
- 1INCOTERMS, URC 522
- 2UCP 600 & eUCP
- 3ISBP, URR, URBPO, URDG 758
- 4DOCDEX rules
Export Finance
- 1Pre-shipment & post-shipment finance, rupee and foreign currency
- 2International factoring & forfaiting
- 3Export Credit Guarantee Corporation (ECGC)
Foreign Trade Policy (FTP) 2023
- 1Policy issues relevant to AD banks, with the latest updates
Real FEMA and trade-finance questions. No signup.
Where the Marks Concentrate
- check_circleFEMA limits and routes: LRS ceilings, ECB and ODI conditions are precise-recall marks that candidates most often mix up.
- check_circleUCP 600 and the documentary-credit rulebooks: article-level knowledge appears directly in questions.
- check_circleRate mechanics and risk: cash, spot and forward concepts show up as applied, sometimes case-style, questions.
- check_circleExport finance: pre/post-shipment structures and ECGC's role recur across papers.
Verify Against the Current IIBF Announcement
IIBF revises courseware and syllabus details between cycles, and FEMA rules themselves change with RBI notifications. Confirm the current module list on IIBF's website before building a plan around any summary, including this one.
FAQs
How many modules does the CCFE syllabus have?expand_more
Six: FEDAI rules and forex rates, FEMA for individuals, FEMA for entities, documentary and standby credits, export finance, and the Foreign Trade Policy 2023. IIBF publishes no mark split between them.
Is UCP 600 part of the CCFE syllabus?expand_more
Yes. The documentary-credits module covers UCP 600 and eUCP along with INCOTERMS, URC 522, ISBP, URR, URBPO, URDG 758 and DOCDEX rules.
Does CCFE cover FEMA in depth?expand_more
Two of the six modules are FEMA: one for individuals (LRS, foreign currency accounts, NRI facilities) and one for entities (imports, exports, ECB, ODI, FPI routes, foreign-entity offices).
Next steps
Take a full CCFE mock test100 questions on this exact syllabus, timed and scored.