SEPA — using ISO 20022 messages

Updated 15 June 2009
Learning channels: Classroom course On-site training  

By the end of 2010, citizens and companies in Europe will be able to make Euro payments anywhere within the Single Euro Payments Area (SEPA) as easily as they make domestic payments. This migration includes adoption of mandatory XML-based payments standards and usage rules and it has a substantial impact on the financial institutions. This course is ideal to give you a good understanding about SEPA and what it means for your financial institution. In addition, this course will prepare you for the implementation of SEPA messages by using ISO 20022 messages according to the EPC implementation guidelines and the EPC rulebook. The course will also show how to use SEPA ‘R’-messages in the reject- or return scenario.
Are you ready for SEPA?


Audience

The session is targeted at business analysts and developers in the SEPA project team of your financial institution, and anyone who requires detailed message standard-oriented knowledge on SEPA ISO 20022 messages. If you are a software vendor or implementer integrating SEPA payment messages, you will also benefit from attending this course.

You will learn how to:

  • Identify the various concepts and players in SEPA
  • Understand the SEPA-related message flows and timelines
  • Use SWIFT reference data, such as the IBAN-BIC directory
  • Apply the EPC implementation guidelines and rulebook to the credit transfer messages and direct debit messages
  • Test your applications and messages by using the SWIFT SEPA Testing Programme (STaQS)
  

Prior knowledge

To benefit from this course, a general understanding of SWIFT's products and services is expected. If you are new to SWIFT, then we recommend you to first follow the classroom course or SWIFT eTraining package Basics — Your passport to SWIFT. For a deeper understanding of the underlying MX standards, we recommend you to attend the classroom course ISO 20022 and MX message standards — overview.


Duration

The course duration depends on the learning channel you choose:
  • Classroom course: 2 days
  • On-site training: as per your requirements


Course content

This two-day course will cover the following topics:
  • Introduction to SEPA
    • What is SEPA?
    • The role of SWIFT in SEPA
  • XML in a nutshell
  • Mandatory bank to bank messages
    • FItoFICustomerCreditTransfer (pacs.008.001.01)
    • FItoFICustomerDirectDebit (pacs.003.001.01)
    • PaymentReturn (pacs.004.001.01)
    • PaymentStatusReport (pacs.002.001.02)
    • PaymentReversal (pacs.007.001.01)
    • Comparison of the XML elements in the standards listed above to corresponding FIN fields

The course material is brought to life with several exercises, based on realistic business scenarios.