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Payments and cash management — using FIN messages

Learning channels:

Classroom course

On-site training

eTraining

This comprehensive course shows you how to create the Single Customer Credit Transfer message (MT 103) using the serial and cover method, for which the MT 202 COV ‘cover’ message must be used. You will learn how to create different types of Financial Institution Transfer messages, as well as how to use SWIFT reporting messages for follow-up and investigation and reconciliation purposes, enabling you to manage your liquidity. The course highlights market practice guidelines as well as the rules to follow to improve the straight-through processing (STP) of your payment messages.

Classroom course schedule, prices and registration Subscribe to the SWIFT eTraining module Download the SWIFT eTraining module (.zip) Download this course description in PDF

Audience

This course is targeted at operational staff who need to learn the fundamentals about SWIFT payments e.g., transaction preparation, handling and reconciliation of customer and bank payments as well as at business analysts and IT staff (developers, etc.).

You will learn how to

• Create and interpret SWIFT customer and bank payment messages
• Reduce errors in the data input in your payment messages to achieve higher STP rates
• Correctly use the SWIFT Standards
• Implement the theory in various real-life situations through practical exercises and examples

Course content

Various case studies and exercises illustrating market practices will guide you through the following messages:

• Single Customer Credit Transfer (MT 103) using the serial and cover method and the related cover messages (MT 202 COV and MT 205 COV)
• Nostro reconciliation and referencing (MT 900, 910, 940, 950)
• A high-level introduction to the Request for Transfer (MT 101)
• Financial institution transfers (MT 202, 203), Notice to Receive (MT 210) and financial institution transfers for own account (MT 200, 201 and 202)
• Investigations (MT n92, n95, n96)
• Charges (MT n90, n91)
• Straight-through processing (STP)

Prior knowledge

It is recommended to have some prior knowledge of the SWIFT system. Participants should preferably have followed the classroom course or eTraining package Basics - your passport to SWIFT.

Duration

The course duration depends on the learning channel you choose:

• Classroom course: 2 days
• On-site training: as per your requirements
• SWIFT eTraining: 4 hours

(The SWIFT eTraining package is a condensed version of the classroom course)

SWIFT eTraining price

Click here for pricing information.