Payments and cash management — using FIN messages

Updated 3 December 2009
Learning channels: Classroom course  On-site training  eTraining

This comprehensive course shows you how to create the Customer Credit Transfer (MT 103) message, depending on various market practices. It also covers how to create financial institution transfers and how to manage liquidity using SWIFT messages. The course highlights the rules to follow to improve the straight-through processing (STP) of your payment messages.

Audience

This course is targeted at 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.).

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)


You will learn how to:

  • Generate and interpret SWIFT customer and bank payment messages – also covering market practices
  • Make less mistakes in the data input in your payment messages to achieve higher STP rates
  • Generate cost savings by implementing the MT 103+
  • Find the correct information fast by knowing where to look in 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 including information on the processing of charges, the MT 103+ and the related cover messages (MT 202 COV and MT 205 COV)
  • Nostro reconciliation and referencing (MT 900, 910, 950) with an overview of SWIFT's business solution for cash reporting
  • Financial institution transfers (MT 202, 203, 210) and financial institution transfers for own account (MT 200, 201)
  • Investigations (MT n92, n95, n96)
  • Charges (MT n90, n91)
  • Straight-Through Processing (STP)


SWIFT eTraining price

Click here for pricing information.

This course is awarded with
12 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.