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    Swift Payment, CBPR+ & ISO 20022 Syllabus PDF

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    Educative TV
    This document outlines the syllabus for a SWIFT payment course. It covers key topics related to payment systems including clearing and settlement mechanisms, financial institution roles, nostro/vostro accounts, payment methods, SWIFT message categories and FIN message structures. It also provides an introduction to ISO 20022 messaging standards, the migration plan to ISO 20022, and relevant ISO 20022 payment and cash management messages.

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    Swift Payment, CBPR+ & ISO 20022 Syllabus PDF

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    Educative TV
    171 views5 pages
    This document outlines the syllabus for a SWIFT payment course. It covers key topics related to payment systems including clearing and settlement mechanisms, financial institution roles, nostro/vostro accounts, payment methods, SWIFT message categories and FIN message structures. It also provides an introduction to ISO 20022 messaging standards, the migration plan to ISO 20022, and relevant ISO 20022 payment and cash management messages.

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    Swift Payment,CBPR+ & ISO 20022 Syllabus .pdf

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    This document outlines the syllabus for a SWIFT payment course. It covers key topics related to payment systems including clearing and settlement mechanisms, financial institution roles, nostro/vostro accounts, payment methods, SWIFT message categories and FIN message structures. It also provides an introduction to ISO 20022 messaging standards, the migration plan to ISO 20022, and relevant ISO 20022 payment and cash management messages.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    171 views5 pages

    Swift Payment, CBPR+ & ISO 20022 Syllabus PDF

    Uploaded by

    Educative TV
    This document outlines the syllabus for a SWIFT payment course. It covers key topics related to payment systems including clearing and settlement mechanisms, financial institution roles, nostro/vostro accounts, payment methods, SWIFT message categories and FIN message structures. It also provides an introduction to ISO 20022 messaging standards, the migration plan to ISO 20022, and relevant ISO 20022 payment and cash management messages.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    SWIFT PAYMENT COURSE

    SYLLABUS
    1. INTRODUCTION TO PAYMENT
    2. KEY ELEMENT OF PAYMENT AND SETTLEMENT SYSTEM
    3. CLEARING AND SETTLEMENT MECHANISM
    • CLEARING HOUSE
    • SETTLEMENT
    • NET SETTLEMENT
    • GROSS SETTLEMENT
    • MULTILATERAL CLEARING
    4. ACCOUNTS
    • NOSTRO ACCOUNT
    • VOSTRO ACCOUNT
    • NOSTRO MIRROR ACCOUNT
    • LORO ACCOUNT
    5. FINANCIAL INSTITUTIONS
    • SENDER BANK
    • RECEIVER BANK
    • INTERMEDIARY BANK
    • SENDER CORRESPONDANT BANK
    • RECEIVER CORRESPONDANT BANK
    6. INTRODUCTION TO SWIFT
    • SWIFT PAYMENT FLOW
    • RMA AND ACCOUNTING RELATIONSHIP
    • ACCOUNTING ENTRIES
    • SWIFT MESSAGE STRUCTURE
    • SWIFT SERVICES
    • ARCHITECTURE OF BANKS INTEGRATION WITH SWIFT NETWORK
    • PAYMENT PROCESSING APPLICATION VALIDATIONS
    • BUSINESS IDENTIFIER CODE
    • ACK AND NACK NOTIFICATION
    • BANK CHARGES
    BEN – Detail E2E Business flow with accounting Entries
    SHA - Detail E2E Business flow with accounting Entries
    OUR- Detail E2E Business flow with accounting Entries
    7. PAYMENT METHODS
    • DIRECT PAYMENT- E2E Business Flow with accounting Entries and Swift messages
    involved.
    • SERIAL PAYMENT- E2E Business Flow with accounting Entries and Swift messages
    involved.
    • DIRECT AND COVER PAYMENT: E2E Business Flow with accounting Entries and Swift
    messages involved.
    8. INTRODUCTION TO FIN MT MESSAGE CATEGORIES
    9. CATEGORY 1 FIN MT MESSAGES- DETAIL EXPLANATION WITH EXAMPLE SCENARIO AND
    MESSAGE STRUCTURE.
    • MT101
    • MT102.STP
    • MT103.Core
    • MT103.STP
    • MT103.REMIT
    • MT190
    • MT191
    • MT192
    • MT195
    • MT196
    • MT198
    • MT199

    10. CATEGORY 2 FIN MT MESSAGES- DETAIL EXPLANATION WITH EXAMPLE SCENARIO AND
    MESSAGE STRUCTURE
    • MT201
    • MT202
    • MT202.RETURN
    • MT 202 COV
    • MT298
    11. CATEGORY 9 FIN MT MESSAGES- DETAIL EXPLANATION WITH EXAMPLE SCENARIO AND
    MESSAGE STRUCTURE
    • MT900
    • MT910
    • MT950
    • MT999
    12. SWIFT GPI
    ISO 20022 Syllabus
    Introduction
    • ISO
    • Who developed ISO 20022?
    • Issues with different Message standards
    • How ISO 20022 will help?
    • Why need of ISO 20022 arise?
    • XML-
    • ISO 20022 Business Domains
    • Message Definitions
    • Advantages of Adopting ISO 20022
    • Granularity of data in Swift MT and ISO 20022
    • Why move to ISO 20022 now?
    • Impacted Banking Areas
    • Infrastructure Considerations
    • CBPR+
    • CBPR+ Usage Guidelines
    • HVPS+
    • Key Differences Between CBPR+ and HVPS+
    • World Migration Plan to ISO 20022
    SWIFT approach for ISO 20022 Migration
    • How Swift Helps?
    • Translation Services
    • Tools are available to enable CBPR+ Usage
    Guidelines
    Swift Transaction Manager
    • Today without TM
    • How does TM work?
    • After Nov 2022 with TM
    • Validation rules to a TM transactions
    • No.1 Priority ISO 20022 Data Elements
    • How does SWIFT TM mediate between Banks?
    • How do I prepare for ISO 20022 as Bank?
    • Comparison of MT with MX Messages
    Channels
    • FINPlus Channel
    • API Channel
    • FIN Channel
    ISO 20022 Messaging
    • Key Differences between MT and ISO 20022
    • SWIFT FIN plus Message structure
    • XML Element
    • Rules
    • Business Application Header
    Payment Clearing and Settlement Messages
    • pacs.002 FI to FI Payment Status Report
    • pacs.004 Payment Return
    • pacs.008 FI to FI Customer Credit Transfer
    • pacs.009 Financial Institution Credit Transfer
    Payment Initiation Messages
    • pain.001 Customer Credit Transfer initiation
    Cash Management Messages
    • camt.052 Bank to Customer Account Report
    • camt.053 Bank to Customer Statement
    • camt.054 Bank to Customer Debit Credit
    Notification
    • camt.056 FI to FI Payment Cancelation Request
    • camt.057 Notification to Receive

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