SWIFT Message Types – MT and MX ISO 20022 – An Overview

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SKU: 4C73FCD3 Category:
(10 customer reviews)
Product is rated as #1 in category Payments

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

— OCTOBER UPDATE —————————————————————————————–

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

——————————————————————————————————————

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?

  1. Get the foundation to handle products, services, consultancy related to SWIFT MT and MX

  2. Get the foundation to handle SWIFT MT to ISO 20022 MX Migration

  3. Be confident using MT 103 (Serial and Cover), MT 202, MT 900/910 and other payment related messages

  4. Be updated with the latest offerings of SWIFT like GPI, GPI Instant, Payment Pre-validation, Case Resolution, Stop and Recall

  5. Test your knowledge with practice test and assignments

  6. Get links of ISO 20022 resources by SWIFT at one place

Who is this course for?

  1. Business Analysts and Consultants of Payments Domain

  2. Aspirants of Payments Domain

  3. 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

  1. What is SWIFT and SWIFTNet

  2. Understanding SWIFT Code or Business Identifier Code(BIC)

  3. What are SWIFT FIN and GPA Messages

  4. Structure of SWIFT MT Messages

  5. Categories of FIN messages and Message naming conventions

  6. What are SWIFT Rules and Guidelines

Overview of Payment Systems

  1. Understanding payment systems (Clearing, Settlement and Messaging)

  2. Understanding correspondent accounts and RMA

MT Messages and Miscellaneous Information

  1. MT Category 1 messages – Customer Payments and Cheques with MT 103 Serial and Cover Methods

  2. MT Category 2 – Financial Institution Transfers

  3. MT Category 9 – Cash Management and Customer Status

  4. SWIFT GPA Messages

  5. Possible Duplicate Emission and Possible Duplicate Message and Message Retrieval

SWIFT GPI

  1. SWIFT GPI (Global Payments Innovation)

  2. Latest Services and Products by SWIFT

ISO 20022 MX Messages

  1. Why the need of ISO 20022 MX Messages

  2. Three layers of MX Messages

  3. MT to MX – the changes happening

  4. Overview of PAIN (Payment Initiation) Messages

  5. Overview of PACS (Payments Clearing and Settlement) Messages

  6. Overview of CAMT (Cash Management) Messages

Practice Test and Resources Links

Who this course is for:

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

10 reviews for SWIFT Message Types – MT and MX ISO 20022 – An Overview

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  1. Anil Bagde

    This course is very well designed to give a direction on Swift messages learning in payments domain. Thanks for such a wonderful content.

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  2. Biswaranjan Sahu

    People who all started there career in payment domain. I request kindly go through with this course, understand the basics & types of payment & their mechanism. Simple and easy to understand.

    Helpful(0) Unhelpful(0)You have already voted this
  3. Rasika Sawant Gawde

    Hi Anwesha, The course covered detailed explanation about SWIFT MT and MX formats with examples due to which it was very easy to understand as well. Thanks a lot in helping to clear functional concepts on SWIFT. Looking forward to visit & learn more tutorials on payments published by you. Thanks again!

    Helpful(0) Unhelpful(0)You have already voted this
  4. Ravi Sharma

    To the point, covered multiple topics in less time with easy to understand examples and use case.

    Thanks for creating such wonderful course

    Helpful(0) Unhelpful(0)You have already voted this
  5. Prakhar Gupta

    Anwesha, the course was wonderfully designed and demonstrated the Swift payments in a detailed manner. This course had clarified my many doubts and explanations of ISO messages was very well explained.
    Really appreciable for your hard work in working on this course. Would definitely recommended to connections…
    Thanks a lot…

    Helpful(0) Unhelpful(0)You have already voted this
  6. Rasika Gadkari

    Its good to get overview of swift payment information. Its is easy to understand by examples for technical terms for swift payment.

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  7. Priti Rani Gupta

    Since i already have an experience and knowledge about payment but still this course taught me many news stuffs with in detail points. This is the best for everyone who want to learn swift/payment or needs a refreshment with basic details. Great effort by the Trainer!!

    Helpful(0) Unhelpful(0)You have already voted this
  8. Guy Pyetan

    An excellent and informative course (for SWIFT orientation) which I have just completed. I feel far more confident about tackling SWIFT related work and documentation at the PM/BA levels now. Its packed full of useful information and provides a very nice overview. The presenter has a mild accent which I found easy to understand (I’m a UK English speaker but can cope with accents). I watched it at between 1.25 and 1.5 times speed so the tutor was quite clear for me).

    It would be nice if the course was expanded to tackle some of the other MT message categories but that’s a wish list (and not a criticism) and may not fit within the presenters domain of expertise.

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  9. Apurva sharma

    Great course for any payment enthusiast or someone who is looking for good understanding on MT and MX messages.

    Helpful(0) Unhelpful(0)You have already voted this
  10. Majd Rihani

    Worst exam practice I ever took:
    • Questions are not covered in training material!
    • Trick questions designed to make you fail
    • Insufficient exam duration
    • Poor command of English
    • 73 questions of nonsense and poorly designed questions!

    The course material is acceptable at best. Exam leaves you lost and disrupt your understanding.

    I do NOT recommend this course.

    Helpful(0) Unhelpful(0)You have already voted this

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    SWIFT Message Types – MT and MX ISO 20022 – An Overview
    SWIFT Message Types – MT and MX ISO 20022 – An Overview

    Original price was: $39.99.Current price is: $14.99.

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