Global Payments Systems and SWIFT for Treasury Training Course

Introduction

In today's interconnected global economy, efficient and secure cross-border payments are indispensable for businesses and financial institutions. As treasury functions evolve from mere cost centers to strategic value drivers, a deep understanding of the diverse global payment systems and the ubiquitous SWIFT network becomes critical. This specialized training course provides essential knowledge and practical skills to navigate the complexities of international money movement, ensuring seamless transactions, optimized liquidity, and robust risk management for modern treasury departments.

This comprehensive program delves into the architecture of various payment systems worldwide, from real-time gross settlement (RTGS) to instant payment schemes, and provides an in-depth exploration of SWIFT messaging standards and services. Participants will gain actionable insights into optimizing payment routing, enhancing transparency, mitigating fraud, and leveraging SWIFT solutions like GPI for improved cross-border payment efficiency. By mastering these critical areas, attendees will be empowered to streamline global treasury operations, reduce costs, and strengthen their organization's financial control in a rapidly evolving international payments landscape.

Duration: 5 Days

Target Audience:

  • Treasury professionals, including treasurers, cash managers, and payment specialists
  • Financial operations and back-office personnel
  • Corporate finance and accounting professionals involved in international transactions
  • Bank relationship managers and payment product specialists
  • Compliance officers and risk management professionals
  • IT professionals supporting treasury and payment systems
  • Anyone involved in cross-border payments and treasury operations

Objectives: Upon completion of this course, participants will be able to:

  • Understand the landscape of major global payment systems and their interconnections.
  • Comprehend the fundamental role and functionalities of the SWIFT network in international payments.
  • Apply knowledge of SWIFT messaging standards (MT and MX) for various treasury transactions.
  • Optimize payment routing and execution strategies to enhance efficiency and reduce costs.
  • Identify and mitigate risks associated with cross-border payments, including operational, fraud, and compliance risks.
  • Leverage advanced SWIFT services like GPI (Global Payments Innovation) for improved payment tracking and transparency.
  • Navigate regulatory requirements and compliance considerations in global payments.
  • Enhance internal controls and security measures for treasury payment operations.

Course Modules:

Module 1: Overview of Global Payment Systems

  • Introduction to the international payments ecosystem
  • Key players in global payments: central banks, commercial banks, payment networks
  • Types of payment systems: RTGS, ACH, instant payment systems
  • Correspondent banking model and its evolution
  • Emerging payment trends and innovations (e.g., blockchain, CBDCs)

Module 2: Introduction to SWIFT and its Architecture

  • History and purpose of SWIFT (Society for Worldwide Interbank Financial Telecommunication)
  • SWIFT network and connectivity options
  • SWIFT's role in facilitating global financial messaging
  • Understanding SWIFT BIC (Bank Identifier Code) structure
  • SWIFT's governance and security framework

Module 3: SWIFT Messaging for Treasury Operations - Part 1 (Category 1, 2, 9)

  • Introduction to SWIFT message types (MT categories)
  • MT 1xx: Customer Payments and Cheques (e.g., MT 101, MT 103)
  • MT 2xx: Financial Institution Transfers (e.g., MT 202, MT 202 COV)
  • MT 9xx: Cash Management and Status Messages (e.g., MT 940, MT 942, MT 950)
  • Practical examples and common usage scenarios in treasury

Module 4: SWIFT Messaging for Treasury Operations - Part 2 (Category 3, 4, 5)

  • MT 3xx: Treasury Markets - Foreign Exchange, Money Markets, and Derivatives
  • MT 4xx: Collections and Cash Letters
  • MT 5xx: Securities Markets
  • Understanding message fields, formats, and validation rules
  • Best practices for accurate and efficient message creation

Module 5: SWIFT Global Payments Innovation (GPI)

  • Introduction to SWIFT GPI: revolutionizing cross-border payments
  • Key features of GPI: speed, transparency, traceability, and predictability
  • How GPI works: UETR (Unique End-to-End Transaction Reference)
  • Benefits of GPI for corporate treasuries and financial institutions
  • Leveraging GPI for real-time payment tracking and liquidity management

Module 6: Payment Routing, Liquidity, and Reconciliation

  • Optimizing payment instructions and routing for efficiency
  • Impact of payment systems on intraday and end-of-day liquidity
  • Managing foreign exchange implications in cross-border payments
  • Automated reconciliation of SWIFT messages and bank statements
  • Troubleshooting payment issues and managing exceptions

Module 7: Compliance, Security, and Fraud Prevention in Payments

  • Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements
  • Sanctions screening and compliance with international regulations
  • SWIFT Customer Security Programme (CSP) and cybersecurity best practices
  • Identifying and mitigating payment fraud risks
  • The role of ISO 20022 in enhancing compliance and data richness

Module 8: Treasury Connectivity and Future of Payments

  • Integration of treasury management systems (TMS) with SWIFT
  • SWIFTNet services: FileAct, Fin, Browse, InterAct
  • Introduction to ISO 20022 MX messages and the migration roadmap
  • The future of global payments: instant payments, open banking, APIs
  • Strategic considerations for evolving treasury payment strategies

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

 

Global Payments Systems And Swift For Treasury Training Course in Poland
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