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Collections and documentary credits

Learning channels:

Classroom course

On-site training

eTraining

Do you want to know the ins and outs of SWIFT’s trade messages? Do you need a solid understanding of the SWIFT standards used for collections, documentary credits and guarantees? If you are interested in using SWIFT for your trade business, this course is for you!

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 designed for all supervisors and staff who handle collections, cash letters and documentary credits as well as for business and IT analysts and programmers.

You will learn how to

• Complete SWIFT trade services messages (categories 4 and 7) by acquiring the latest and in-depth knowledge
• Find the correct information fast by knowing where to look in the SWIFT standards
• Improve security and enhance your customer service offering by using SWIFT messages for your collection and documentary credits business

Course content

This two-day course provides detailed explanations and case studies on the following:

• Collections (MTs 400, 410, 412, 416, 420, 422, 430)
• Cash letters (MTs 450, 455, 456)
• Documentary credits (MTs 700, 701, 705, 707, 710, 711, 720, 721, 730, 732, 734, 740, 742, 747, 750, 752, 754, 756)
• Guarantees (MTs 760, 767, 768, 769)
• Where can you find information in the SWIFT standards to help you complete category 4 and 7 messages
• Advice on how you should formulate the related payment order (MT 202) to execute the transfer of funds
• How to create common group messages (MTs 791, 796)

Prior knowledge

It is an advantage to have a basic knowledge of SWIFT and an understanding of collections and documentary credits. We also recommend that participants are familiar with SWIFT payment messages. This knowledge can be acquired through the classroom course or eTraining package Payments and cash management — using FIN messages.

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.