Securities settlement and reconciliation — ISO 15022 messages

Updated 11 August 2009
Learning channels: Classroom course  On-site training  eTraining

SWIFT and ISO 15022 are central to the communications model of securities institutions which -like you- are involved in securities settlement activities. ISO 15022 messages running over the SWIFT messaging platform will help you increase your reach, be compliant with regulations and automate your business flows thus reducing risk and error-prone manual processing. Thanks to this course you will have a unique opportunity to explore in detail the features and the benefits of ISO 15022 standards and get up to date with the latest standards developments.

Audience

Business analysts, IT staff, operations supervisors and managers, Corporate Actions division personnel from institutions such as custodians, securities market infrastructures, investment/asset managers, data providers and broker/dealers.

Prior knowledge

A good knowledge of the securities business and a basic knowledge of SWIFT is presumed.

Duration

The course duration depends on the learning channel you choose:
  • Classroom course: 2 days
  • On-site training: as per your requirements
  • SWIFT eTraining: 3 hours

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

You will learn how to:

  • Interpret and create simple delivery and receipt instructions
  • Deal with complex transactions
  • Find the answer to your questions by interpreting the information contained in the User Handbook
  • Accurately identify the parties in a settlement chain
  • Get familiar with the most recent market practices defined by the Securities Market Practice Group
  

Course content

This two-day course focuses on the features and benefits of the messages available for settlement and reconciliation. It covers:

  • Principles of the ISO 15022 standards, namely the message building blocks and the generic field concept
  • Overview of the most commonly used codes and qualifiers
  • How to read the User Handbook
  • Message flows and identification of the settlement chain
  • Settlement messages, covering instructions to receive and deliver and the related confirmations (i.e. MT 540 to MT 547), statement messages (MT 535, MT 536, MT 537), the settlement allegement message (i.e. MT 578) and the status message (MT548) providing a matching and an instruction processing status
  • Several examples of error messages (NAK) to learn how to identify and amend the error in a message
  • Messages are illustrated in the context of realistic business scenarios such as plain vanilla transactions, turnarounds, own-account transfers and ‘bridge’ transactions, and reflect the local market practice requirements

In order to better adapt to various learning styles, different types of individual and group exercises will be carried out throughout the course.


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.