Overview

**Part 2 of 3 courses**Are you someone who is searching for a reliable resource on ISO 20022 SWIFT MX messages?Confused about where to begin learning? What to learn? From where to learn?Then this course is your perfect match!!You will get -Full understanding of CBPR+ usage guideline and message structure and elementsPacs.008, Pacs.009, Pacs.004, Pacs.002, Pain.001 and 002 message structuresLearn creating MX messages - Assignments + Resources100+ questions to get you ready for interviewEssential background knowledge of XML to understand message schemasLearn how to handle data truncation during MT-MX coexistenceMessage examples of end to end payment chainThis course, the 'Advanced Guide - ISO 20022 SWIFT MX Messages', delves deeper into all the necessary concepts of SWIFT MX messages, starting from how the different working groups of SWIFT work and the inter-relations of the usage guidelines, how XML is used to build the ISO 20022 messages schema, how the important messages are structured - discussing element by element, and the logic behind each element's presence. It also provides real life message examples to understand the application of all that is learnt.Who is this course for?Business Analysts and Consultants of Payments DomainAspirants of Payments DomainWhat this course covers?What are ISO 20022 message catalogue, SWIFT MX message catalogue and SWIFT payment groups usage guidelinesISO 20022 Message Registration ProcessSWIFT Payment GroupsHandling of Coexistence of MT and MX messages and Other Related Migrations of InfrastructuresHandling data integrity loss in MT-MX coexistenceXML in ISO 20022 messagesBasic Structure of XML and Syntax RulesXML Schema and InstanceXML Data TypesXML Attributes and Complex ElementsRestrictions and IndicatorsUnderstanding the ISO 20022 XML Message SchemaCodes used in MX MessagesMX Message ValidationImportant Concepts Related to MX MessagesAgents and PartiesSettlement MethodsMultiplicity of Elements in MessagesStructure and Elements of PACS.008 Message Building Blocks - Group Header and the Credit Transfer Transaction InformationUnderstanding the Credit Transfer Transaction Information BlockUnderstanding the Group Header BlockStructure and Elements of PACS.009 MessagePACS.009 Core, PACS.009 COV and PACS.009 ADVBuilding Blocks - Group Header and Credit Transfer Transaction InformationStructure of PACS.004 and PACS.002 Messages, PAIN.001 and PAIN.002 MessagesDifference between Reject and ReturnPACS.004 and PACS.002 StructurePAIN.001 and PAIN.002 StructureUnderstanding MX Messages with ExamplesPAIN.001 Message ExamplePAIN.002 Message ExampleSerial payment - First PACS.008Serial Payment - Second PACS.008, PACS.002 and Third PACS.008Serial Payment - Fourth PACS.008More on Ultimate Parties and Incorrect usages of MX identified so farCorrect identification of Ultimate PartiesPractical scenarios involving Ultimate PartiesImplications of Incorrect Declaration of Ultimate PartiesTake corrective action - Incorrect usages of Ultimate Parties identified so farTake corrective action - Incorrect usages of MX messages identified so farPractice Test and Assignments

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