The Electronic System of Bank Transfers and Credits Event, 03.Feb.2025

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.