SWIFT for corporates

Published on July 15, 2009
Learning channels: Classroom course On-site training  

Corporates have exchanged messages over SWIFT since 1998. Over time, the business offering hasn't stopped evolving. Corporates can enjoy greater opportunities to manage working capital, initiate transactions and obtain better visibility on their accounts. Participants will learn everything that is required to set-up and run a project successfully, to enhance the communication between corporates and their banks. This course, delivered by our certified specialists, clarifies SWIFT usage for corporate treasurers and helps banks and implementers in tailoring their service offering.




Audience

  • Treasury management staff, auditors, ERP and SWIFT project managers, corporate business specialists
  • Consultancy agencies, application vendors, business analysts
  • Corporate banking staff, corporate relationship managers, product managers


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


You will learn how to:

  • Describe SWIFT activities and offerings to your peers
  • Identify different standardised SWIFT messages to handle your various financial flows
  • Ask the right questions to build your business case
  • Differentiate the SWIFT implementation from the point of view of a bank, a vendor and a corporate
 

Course content

  • Introduction: SWIFT rationale and value proposition
  • SWIFT Standards and messaging services
    • Highlights of specific FIN message standards
    • Main concepts of SWIFT MX standards
    • FIN and FileAct
  • Understanding SWIFT for corporates
    • Description of the services available for Corporates
    • Cash management, treasury management, trade finance, funds, etc.
    • MT and MX combinations
  • Choosing your access model and connectivity
    • SCORE, MA-CUG, Treasury counterparty
    • Direct connection, service bureau, Member concentrator
    • SWIFT interfaces
  • Organising your SWIFT project
    • Scope and questions to ask
    • Project time frame
  • Developing your business case and benefits
    • Quantify the operational and financial benefits
    • Implementation examples