Forex and Money Markets — using FIN messages
| Learning channels: |  Classroom course |
On-site training |
This one-day course provides comprehensive information on the Forex and Money Market business, as well as on the SWIFT messages sent and received in relation to forex deals and fixed loan/deposit contracts.
Classroom course schedule, prices and registration Download this course description in PDFAudience
The course is aimed at the back-office staff administering the Forex and Money Market confirmations as well as anyone who is interested in learning more about the SWIFT standards used in this business area.
You will learn how to
- Accurately create most used SWIFT category 3 messages through various case studies and examples
- Get an insight on the Forex and Money Market business and market practices
- Test your knowledge by completing the exercises in the presence of our experienced instructor
Course content
This course covers several case studies that will illustrate various aspects of the Forex and Money Market business and how to create most used SWIFT category 3 messages.
The following Forex and Money Market messages will be covered:
- MT 300 — foreign exchange confirmation
- MT 320 — fixed loan/deposit confirmation
- MT 330 — call/notice loan/deposit confirmation
- MT 350 — advice of loan/deposit interest payment
The covered category 3 messages will be illustrated in a spot forex deal, a forward deal with an intermediary, a currency swap with a split settlement, a fixed loan/deposit with rollover and a call/notice loan/deposit.
A forex deal in the context of CLS (Continuous Linked Settlement) is also part of the theory. The course also includes the related payments messages (the MT 202 and MT 210) as well as an overview of SWIFT’s Accord service.
Prior knowledge
It is recommended to have some prior knowledge of the SWIFT system, which can be acquired through the classroom course or eTraining package Basics - your passport to SWIFT.
Duration
The course duration depends on the learning channel you choose:
- Classroom course: 1 day
- On-site training: as per your requirements