Payments and Cash Management using Standards MT messages

Get a comprehensive understanding about the two most commonly used Swift payment message; Single Customer Credit Transfer (MT 103) and General Financial Institution Transfer (MT 202). This course covers how reporting messages are used in the payment flow as well as how you should cancel, investigate, reject, return or claim charges on your payment messages according to best practices available. The course also highlights market practice guidelines on payment messages and rules to follow to improve the Straight Through Processing (STP) rate on your payment messages.

Course content:

• Single Customer Credit Transfer (MT 103) using the serial and cover payment method with the related cover messages (MT 202 COV)
• Financial Institution Transfers (MT 202, 203), Notice to Receive (MT 210) and Financial Institution Transfer for Own Account (MT 200)
• Transaction and balance reporting (MT 900, 910, 950)
• Investigation messages (MT n92, n95, n96)
• Charges messages (MT n90, n91)
• Payments Reject/Return guidelines
• Straight-through processing (STP) guidelines"