SWIFT Operations

Objective

To introduce the concepts of SWIFT and to familiarize the participants with different messaging standards/ types and integration issues.

Course Coverage

  • An overview of SWIFT and usages
  • SWIFT network architecture
  • SWIFT Messaging services, FIN messages, FileAct, ISO 20022 and MX standards overview – MT & MX standards (1xx, 2xx, 3xx, 4xx, 5xx, 6xx, 7xx, 8xx, 9xx) - SWIFTNet MT to the new MX standards
  • Syntax, message categories, ACK
  • SWIFTNet interfaces, environment and Link
  • Connectivity to RTGS
  • X copy / Ycopy
  • CLS
  • AML, Fraud, Risk Management and Troubleshooting the rejected messages
  • SWIFT different products and Security – swift alliance gateway (SAG), Swift webstation, SNL, RMA, Layered security
  • Swift Testing, Credit Transfer SEPA DDS

Target Audience

  • Officials in BFSI working/ to be posted in the relevant desks
  • Technical team in IT companies working in projects related to Payment Systems

Course Duration

2-3 days

Benefits to the organization

  • Clear understanding to work on SWIFT
  • Domain knowledge for project developers
  • Familiar with message structure and trouble shooting
  • Help integration with other products

Compliance

Training