Introduction
Get acquainted in general with the Swift system and the structure of messages for personal transfers, inter-bank transfers, and other features, and go through a tour of the Relationship Management system within Swift.
Course Objectives of The Electronic System of Bank Transfers and Credits
- Understand the structure of Swift messages.
- Learn the methods of issuing customer remittances and operating mechanisms through Swift.
- Learn about the methods of implementing bank transfers (financial institutions) and related mechanisms through SWIFT.
- Learn about the methods of issuing and following up messages on policies, guarantees and letters of credit.
- Learn about the general characteristics of the Relationship Management Application system
The Electronic System of Bank Transfers and Credits Course Outlines
Day 1
Swift system
- Definition of the SWIFT system
- SWIFT Reliability and Security
- Introduction to the RMA System: Relationship Management Application as an alternative to BKE
- SWIFT Messaging Flow Charts
- The importance of having Swift Standards
- ABOUT BANK INDENTIFIER CODE (BIC)
- SWIFT Message Structure and Field Formats
- Message Input / Output Reference Numbers
- The most important types of General SWIFT Message Categories
Day 2
RMA System Tour:
- Definition of the Relationship Management Application (RMA) System
- Establish relationships between banks through RMA
- Follow up and update RMA relationships
- General Messages: MT999 General Format Messages
- Public texting
- General messaging properties
Day 3
Customer remittances and notification of issuance of checks
- Create customer remittance messages and report the issuance of a check
- Amendment, cancellation and suspension
- Follow-up messages
Day 4
Transfers of financial institutions:
- Bank transfers from the bank account to the bank account with another bank
- Bank transfers to other bank accounts
- Modifications, cancellation and suspension
- Follow-up messages
- practical case
Day 5
Policies and guarantees
- Issuing letters of policies and guarantees
- Amendment and cancellation
- Follows
- credits
- Issuing a letter of documentary credit
- Amendment and cancellation
- Follows
- Practical case and discussion of separate topics about the Swift system.
Credits: 5 credit per day
Course Mode: full-time
Provider: Blackbird Training Centre
