Overview

**Part 1 of 3 courses**UPDATE:PACS.008 Message elements and MT vs MX Field MappingSWIFT Payment Groups and Migration Timelines9 Assignments with answers to check your understanding of the messagesReady downloadable notes for every sectionPractice test of 70+ questions 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?Comprehensive understanding of Swift message types (MT/MX)Familiarity with the structure and format of MT and MX messagesIn-depth knowledge of common MT and MX message types used in the banking industryAbility to interpret and analyze MT and MX messages accuratelyEnhanced skills in handling Swift messages and related processesIncreased confidence in working with Swift message types in a professional settingWho is this course for?Business Analysts and Consultants of Payments DomainEmployees of banks, financial institutions, and corporations dealing with Swift messagesWhy should you enroll to this course?Gain a competitive advantage by acquiring specialized knowledge of Swift message typesEnhance your professional skills and broaden your understanding of the banking industryStay updated with the latest industry standards and best practices related to Swift messagesImprove your job prospects and increase your career growth opportunitiesAccess high-quality course content, including practical examples and case studiesWhat 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) MessagesSWIFT Payment Groups and Migration TimelinesUnderstanding Payment GroupsMigration TimelinesAgent and Party Roles in SWIFT MXUnderstanding Pacs.008 Message elements and MT vs MX Fields MappingThe Group Header BlockThe Credit Transfer Transaction Information BlockAssignments and Practice Test

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