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ISO 20022 messages for SEPA

Learning channels:

Classroom course

On-site training

The concept of the Single Euro Payments Area (SEPA) includes adoption of mandatory ISO 20022 (XML based) payment standards messages and usage rules, which will have a substantial impact on the financial institutions. This course offers you an overview of SEPA as well as an explanation of the five mandatory bank to bank messages according to the European Payments Council (EPC) Implementation Guidelines and the EPC Rulebook.

Classroom course schedule, prices and registration Download this course description in PDF

Audience

The session is targeted at anyone who requires detailed message standard-oriented knowledge on SEPA, business analysts and members of the SEPA project team of your financial institution.

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

Course content

This course covers 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 exercises, based on realistic business scenarios.

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 complete the eTraining module ISO 20022 and MX message standards — overview.

Duration

The course duration depends on the learning channel you choose:

• Classroom course: 1 day
• On-site training: as per your requirements