Beginner'S Guide - Swift Message Types - Mt And Mx Iso 20022

Begin your Payments Domain journey with Basics of Payments, SWIFT MT/ MX Payment Message Flow with examples, SWIFT GPI

What you'll learn
Understand the Basics of Payment Systems, Basics of SWIFT, SWIFT Code, SWIFT FIN and GPA, Message Structure, Categories and Guidelines
Understand the flow and functioning of important SWIFT MT Payment Messages with examples
Understand SWIFT ISO 20022 MX messages and overviews of SWIFT GPI and other latest innovations of SWIFT
Evaluate yourself with Practice Test and Assignments
Requirements
No previous knowledge on payments required
Description
–- OCTOBER UPDATE ––––––––––––––––––––––––––––––––––––––––––––-1. Overview of latest offerings of SWIFT - GPI Instant, Payment Pre-validation, Case Resolution, Stop and Recall included2. Practice test included3. Assignments included –––––––––––––––––––––––––––––––––––––––––––––––––––––––––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 MXGet the foundation to handle SWIFT MT to ISO 20022 MX MigrationBe confident using MT 103 (Serial and Cover), MT 202, MT 900/910 and other payment related messagesBe updated with the latest offerings of SWIFT like GPI, GPI Instant, Payment Pre-validation, Case Resolution, Stop and RecallTest your knowledge with practice test and assignmentsGet links of ISO 20022 resources by SWIFT at one placeWho is this course for?Business Analysts and Consultants of Payments DomainAspirants of Payments DomainTrade Finance ProfessionalsWhy 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?BasicsWhat is SWIFT and SWIFTNetUnderstanding SWIFT Code or Business Identifier Code(BIC)What are SWIFT FIN and GPA MessagesStructure of SWIFT MT MessagesCategories of FIN messages and Message naming conventionsWhat are SWIFT Rules and GuidelinesOverview of Payment SystemsUnderstanding payment systems (Clearing, Settlement and Messaging)Understanding correspondent accounts and RMAMT Messages and Miscellaneous InformationMT Category 1 messages - Customer Payments and Cheques with MT 103 Serial and Cover MethodsMT Category 2 - Financial Institution TransfersMT Category 9 - Cash Management and Customer StatusSWIFT GPA MessagesPossible Duplicate Emission and Possible Duplicate Message and Message RetrievalSWIFT GPI SWIFT GPI (Global Payments Innovation)Latest Services and Products by SWIFTISO 20022 MX MessagesWhy the need of ISO 20022 MX MessagesThree layers of MX MessagesMT to MX - the changes happeningOverview of PAIN (Payment Initiation) MessagesOverview of PACS (Payments Clearing and Settlement) MessagesOverview of CAMT (Cash Management) MessagesPractice Test and Resources Links

Overview

Section 1: The Basics of SWIFT

Lecture 1 Introduction

Lecture 2 SWIFT, SWIFTNet and SWIFT Code/ BIC

Lecture 3 SWIFT FIN and GPA Messages and MT Message Structure

Lecture 4 SWIFT Message Categories and Rules/ Guidelines of Messages

Section 2: Brief Overview of Payment Systems

Lecture 5 What is Clearing, Settlement and Messaging?

Lecture 6 Correspondent Accounts and RMA

Section 3: SWIFT MT Messages - Understanding fields and flows with examples

Lecture 7 Cat 1 Messages with MT 103 Serial and Cover methods

Lecture 8 Cat 2 Messages

Lecture 9 Cat 9 Messages

Lecture 10 SWIFT GPA Messages/ Possible Duplicate Emission(PDE/PDM)/ Message Retrieval

Section 4: SWIFT GPI and Other Latest Releases by SWIFT

Lecture 11 SWIFT GPI (Global Payments Innovation)

Lecture 12 Latest - GPI Instant, Payment Pre-validation, Case Resolution, Stop and Recall

Section 5: SWIFT ISO 20022 MX Messages

Lecture 13 Need for MX Messages and the three layers of MX Messages

Lecture 14 MT to MX Messages - What are the changes?

Lecture 15 PAIN ( Payment Initiation Messages)

Lecture 16 PACS ( Payments Clearing and Settlement) and CAMT (Cash Management)

Section 6: Important Resources and Practice Test

Lecture 17 Important Resources

Business Analysts and Consultants Payments Domain,Beginners and Aspirants of Payments Domain,Trade Finance Practitioners