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