ISO 20022 and MX message standards - overview

Updated 19 November 2009
Learning channels: Classroom course On-site training SWIFT eTraining

SWIFT’s new MX standards are eminently suited to automate today’s complex message flows. In this course you will acquire fundamental knowledge about the ISO 20022 process, the convergence and coexistence concepts and why and how XML is used.

Audience

As this is an introductory course, it is targeted at anyone who needs a good overview of ISO 20022 and its use of XML: business analysts, SWIFT administrators, managers evaluating SWIFT’s new business solutions, etc.

Prior knowledge

No prior knowledge of SWIFT is required.

Duration

The course duration depends on the learning channel you choose:
  • Classroom course: 1 day
  • On-site training: as per your requirements
  • SWIFT eTraining: 3 hours
(The SWIFT eTraining package is a condensed version of the classroom course)

You will learn how to:

  • Map the new standards with today’s business needs
  • See the evolution from FIN MT to the new MX standards
  • Prepare for MX standards related projects and discussions in your institution
  • Use the MX standards documentation to specify the elements of a business scenario
  • Review the various solutions set up by SWIFT to help the business flows
  • Understand the different tools provided by SWIFT to ease the MT to MX translation
  

Course content

This one-day course covers the following topics:


  • SWIFT standards concepts
    • Variants
    • Versions
    • Naming
    • ISO 20022
  • SWIFT' MX standards messages
    • Syntax
    • Schema
    • Message structure, including headers
    • Validation
  • How to use the tools
    • SWIFT standards Message Reference Guide
    • UNIFI repository
  • MX standards for SWIFT's business solutions



This course is awarded with
6 CPE credits
Programme level: basic
Delivery method: group-live
  
For more information on SWIFT Training's CPE credited courses and the NASBA sponsor program, click here.