Introduction to SWIFT Payments & Processing ISO20022 message

SWIFT MX messages, payment flows, accounting entries, charges & real-time scenarios used in CBPR+ cross-border payments

Overview:

• Understand how ISO 20022 and MX messages are used in real-world Cross-Border Payments.
• Learn the complete Customer Credit Transfer journey through both Serial and Cover payment flows.
• Read, understand and confidently interpret MX messages including pacs.008, pacs.009, pacs.009 COV, pacs.002, pacs.004, camt.056 and camt.029.
• Learn how to perform field-level message mapping exactly as it is done in real Payments projects.
• Understand the role of every bank, agent and party involved in a Cross-Border Payment.
• Build a strong foundation in Correspondent Banking, Nostro & Vostro Accounts, Routing and Settlement Methods.
• Understand when and why Serial and Cover payment flows are used and how they differ.
• Learn how Rejects, Returns and Recalls are processed across different payment flows.
• Understand how DEBT, SHAR and CRED charge types are applied, collected and pre-paid during payment processing.
• Read and confidently navigate ISO 20022 Message Definition Documents used in real implementation projects.
• Develop the confidence to work on SWIFT CBPR+, ISO 20022 migration and Cross-Border Payments projects.

Pre-Requisites:

• No prior knowledge of ISO 20022 or cross-border payments is needed – this course starts from the very basics
• A basic familiarity with how banking or financial transactions work in daily life is helpful, but not mandatory.
• Curiosity and willingness to learn is all you need to get started!

Who can benefit?

• IT developers and engineers
• Business analysts and functional consultants
• Banking operations professionals
• Finance professionals
• Anyone from any background
• Experienced professionals