Part 2: Advanced Guide - ISO 20022 SWIFT MX Messages

7 Modules      |    28 Sessions     |    1 hour  50 min  40 secs Total Time

Are you someone who is searching for a reliable course 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!!

This is a continuation of the 'Part 1: Beginner's Guide - SWIFT Message Types - MT and MX ISO 20022' which gave an overview of what is SWIFT, how payment system works, what is the need for migration from MT to MX messages and a introductory overview of the important payment messages.

This course, the 'Part 2: 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.

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What will you get out of this course?

1. Get the foundation to handle products, services, consultancy related to SWIFT MT and MX message types
2. Get the foundation to handle SWIFT MT to MX Migration
3. Get the foundation knowledge of XML to understand the ISO 20022 message schemas
4. Be confident with the message structures and the message elements
5. Understand the use of the elements in the messages and the logic behind which element is present and why it is present in a message
6. Get examples of MX messages in end to end payment chain to culminate all the learning

Who is this course for?

1. Business Analysts and Consultants of Payments Domain
2. Aspirants of Payments Domain

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$12.99

$20

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Why should you enroll to this course?

This certification course, along with the Part 1, is meant to give a deep knowledge of ISO 20022 SWIFT MX message types.

It begins with the inter-relations of ISO 20022 message catalogue, the SWIFT MX message catalogue and the use of the different usage guidelines. Next, it gives a basic idea of XML and then the use of XML in the ISO 20022 message schema is shown. It then discusses the important concept of the changing roles of the agents, and the roles of parties, in an end to end messages chain. Next, the course delves deeper in the structures of the important messages, discussing the presence and absence of the elements in CBPR+ usage guidelines, and the logic behind it. Lastly, the whole concept is explained with real life message examples.

What this course covers?

What are ISO 20022 message catalogue, SWIFT MX message catalogue and SWIFT payment groups usage guidelines

1. ISO 20022 Message Registration Process
2. SWIFT Payment Groups
3. MT to MX Major Migration Timelines
4. Handling of Coexistence of MT and MX messages and Other Related Migrations of Infrastructures

XML in ISO 20022 MX messages

1. Basic Structure of XML and Syntax Rules
2. XML Schema and Instance
3. XML Data Types
4. XML Attributes and Complex Elements
5. Restrictions and Indicators
6. Understanding the ISO 20022 XML Message Schema
7. Codes used in MX Messages
8. MX Message Validation

Important Concepts Related to MX Messages

1. Agents and Parties
2. Settlement Methods
3. Multiplicity of Elements in MX Messages

Structure and Elements of MX PACS.008 Message Type

1. Building Blocks - Group Header and the Credit Transfer Transaction Information
2. Understanding the Credit Transfer Transaction Information Block
3. Understanding the Group Header Block

Structure and Elements of MX PACS.009 Message Type

1. PACS.009 Core, PACS.009 COV and PACS.009 ADV
2. Building Blocks - Group Header and Credit Transfer Transaction Information

Structure of PACS.004 and PACS.002 Messages, PAIN.001 and PAIN.002 Message Types

1. Difference between Reject and Return
2. PACS.004 and PACS.002 Structure
3. PAIN.001 and PAIN.002 Structure

Understanding MX Messages with Examples

1. PAIN.001 Message Example
2. PAIN.002 Message Example
3. Serial payment - First PACS.008
4. Serial Payment - Second PACS.008, PACS.002 and Third PACS.008
5. Serial Payment - Fourth PACS.008

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$12.99

$20

Buy now for $12.99