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1. Overview of latest offerings of SWIFT - GPI Instant, Payment Pre-validation, Case Resolution, Stop and Recall included
2. Practice test included
3. Assignments included
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Are you someone who is new to the payments domain?
Are you struggling to find knowledge that will guide you starting right from the very basics of payments to the world of SWIFT, what it is and its ways of functioning?
Do you want to understand the SWIFT payment messages along with the structures, fields and flows with examples?
Do you want to understand what ISO 20022 MX messages are? Why is SWIFT migrating from MT to MX? Learn the structures, functions and flows of ISO 20022 MX messages?
Then this course is for you!!
What will you get out of this course?
Get the foundation to handle products, services, consultancy related to SWIFT MT and MX
Get the foundation to handle SWIFT MT to ISO 20022 MX Migration
Be confident using MT 103 (Serial and Cover), MT 202, MT 900/910 and other payment related messages
Be updated with the latest offerings of SWIFT like GPI, GPI Instant, Payment Pre-validation, Case Resolution, Stop and Recall
Test your knowledge with practice test and assignments
Get links of ISO 20022 resources by SWIFT at one place
Who is this course for?
Business Analysts and Consultants of Payments Domain
Aspirants of Payments Domain
Trade Finance Professionals
Why should you enroll to this course?
This course is meant to give an holistic idea of payments and SWIFT.
It begins from the basics of SWIFT and how the payment system works. It then gradually explains the important MT messages, the use of SWIFT GPI and finally gives an overview of the latest development in SWIFT - ISO 20022 MX messages. It explains what is the need for ISO 20022 MX messages, the changes that you will notice and the flow of PACS, PAIN and CAMT messages.
This tutorial is meant for anyone new in the payments domain or anyone who want to know the basics and the latest developments in SWIFT before going to deeper understanding.
This includes examples of SWIFT messages and explanations of important fields. It shows the flow of the messages between banks visually so that its easier to understand and remember. This includes practice test to help you evaluate your learnings too.
What this course covers?
Basics
What is SWIFT and SWIFTNet
Understanding SWIFT Code or Business Identifier Code(BIC)
What are SWIFT FIN and GPA Messages
Structure of SWIFT MT Messages
Categories of FIN messages and Message naming conventions
What are SWIFT Rules and Guidelines
Overview of Payment Systems
Understanding payment systems (Clearing, Settlement and Messaging)
Understanding correspondent accounts and RMA
MT Messages and Miscellaneous Information
MT Category 1 messages - Customer Payments and Cheques with MT 103 Serial and Cover Methods
MT Category 2 - Financial Institution Transfers
MT Category 9 - Cash Management and Customer Status
SWIFT GPA Messages
Possible Duplicate Emission and Possible Duplicate Message and Message Retrieval
SWIFT GPI
SWIFT GPI (Global Payments Innovation)
Latest Services and Products by SWIFT
ISO 20022 MX Messages
Why the need of ISO 20022 MX Messages
Three layers of MX Messages
MT to MX - the changes happening
Overview of PAIN (Payment Initiation) Messages
Overview of PACS (Payments Clearing and Settlement) Messages
Overview of CAMT (Cash Management) Messages
Practice Test and Resources Links
