Advanced Guide - Iso 20022 Swift Mx Messages

CBPR+ Usage Guidelines | XML and Messages Schema | MT vs MX | Messages Structure and Examples

What you'll learn

Be confident to handle SWIFT MT to ISO 20022 MX Migration

Get interview ready with more than 100 questions and assignments

Get the foundation knowledge of XML to understand the ISO 20022 message schemas

Be confident with the MX message structures and the message elements

Get examples of MX messages in end to end payment chain to culminate all the learning

Requirements

Basic knowledge of payments

Description

Are you someone who is searching for a reliable resource on ISO 20022 SWIFT MX messages?Confused about where to begin learning? What to learn? From where to learn?Then this course is your perfect match!!This course, the 'Advanced Guide - ISO 20022 SWIFT MX Messages', delves deeper into all the necessary concepts of SWIFT MX messages, starting from how the different working groups of SWIFT work and the inter-relations of the usage guidelines, how XML is used to build the ISO 20022 messages schema, how the important messages are structured - discussing element by element, and the logic behind each element's presence. It also provides real life message examples to understand the application of all that is learnt.Why should you enroll to this course?This course is meant to give a deep knowledge of ISO 20022 SWIFT MX messages.It begins with the inter-relations of ISO 20022 message catalogue, the SWIFT MX message catalogue and the use of the different usage guidelines. Next, it gives a basic idea of XML and then the use of XML in the ISO 20022 message schema is shown. It then discusses the important concept of the changing roles of the agents, and the roles of parties, in an end to end messages chain. Next, the course delves deeper in the structures of the important messages, discussing the presence and absence of the elements in CBPR+ usage guidelines, and the logic behind it. Lastly, the whole concept is explained with real life message examples.What will you get out of this course?Get the foundation to handle products, services, consultancy related to SWIFT MT and MXGet interview ready with more than 100 questions and assignmentsGet the foundation knowledge of XML to understand the ISO 20022 message schemasBe confident with the message structures and the message elementsUnderstand the use of the elements in the messages and the logic behind which element is present and why it is present in a messageGet examples of MX messages in end to end payment chain to culminate all the learningWho is this course for?Business Analysts and Consultants of Payments DomainAspirants of Payments DomainWhat this course covers?What are ISO 20022 message catalogue, SWIFT MX message catalogue and SWIFT payment groups usage guidelinesISO 20022 Message Registration ProcessSWIFT Payment GroupsHandling of Coexistence of MT and MX messages and Other Related Migrations of InfrastructuresHandling data integrity loss in MT-MX coexistenceXML in ISO 20022 messagesBasic Structure of XML and Syntax RulesXML Schema and InstanceXML Data TypesXML Attributes and Complex ElementsRestrictions and IndicatorsUnderstanding the ISO 20022 XML Message SchemaCodes used in MX MessagesMX Message ValidationImportant Concepts Related to MX MessagesAgents and PartiesSettlement MethodsMultiplicity of Elements in MessagesStructure and Elements of PACS.008 Message Building Blocks - Group Header and the Credit Transfer Transaction InformationUnderstanding the Credit Transfer Transaction Information BlockUnderstanding the Group Header BlockStructure and Elements of PACS.009 MessagePACS.009 Core, PACS.009 COV and PACS.009 ADVBuilding Blocks - Group Header and Credit Transfer Transaction InformationStructure of PACS.004 and PACS.002 Messages, PAIN.001 and PAIN.002 MessagesDifference between Reject and ReturnPACS.004 and PACS.002 StructurePAIN.001 and PAIN.002 StructureUnderstanding MX Messages with ExamplesPAIN.001 Message ExamplePAIN.002 Message ExampleSerial payment - First PACS.008Serial Payment - Second PACS.008, PACS.002 and Third PACS.008Serial Payment - Fourth PACS.008

Overview

Section 1: ISO 20022 and SWIFT MX message catalogues | Usage Guidelines

Lecture 1 Introduction to the course

Lecture 2 ISO 20022 Message Registration Process

Lecture 3 SWIFT Payment Groups

Lecture 4 Handling Coexistence of MT and MX

Lecture 5 Other Related Migrations of Infrastructures

Lecture 6 Handling Data Integrity Loss in MT-MX Coexistence

Lecture 7 Process of Query and Answer for Truncated Data

Lecture 8 Process of Proactive Transmission of Missing Data

Section 2: XML in ISO 20022 messages

Lecture 9 Basic Structure of XML and Syntax Rules

Lecture 10 XML Schema and Instance

Lecture 11 XML Data Types

Lecture 12 XML Attributes and Complex Elements

Lecture 13 Restrictions and Indicators

Lecture 14 Understanding the ISO 20022 XML Message Schema

Lecture 15 Codes used in MX Messages

Lecture 16 MX Message Validation

Section 3: Important Concepts Related to MX Messages

Lecture 17 Agents and Parties

Lecture 18 Settlement Methods

Lecture 19 Multiplicity of Elements in Messages

Section 4: Structure and Elements of PACS.008 Message

Lecture 20 Building Blocks - Group Header and the Credit Transfer Transaction Information

Lecture 21 Payment Identification

Lecture 22 Payment Type Information

Lecture 23 Amounts, Settlements and Charges

Lecture 24 Agents, Parties and Accounts

Lecture 25 Instructions and Remittance Information

Lecture 26 Group Header

Lecture 27 Revise the main points - Structure of Pacs.008

Section 5: Structure and Elements of PACS.009 Message

Lecture 28 PACS.009 Core, PACS.009 COV and PACS.009 ADV

Lecture 29 Credit Transfer Transaction Information

Lecture 30 Group Header

Lecture 31 Revise the main points - Structure of Pacs.009

Section 6: Structure of PACS.004 and PACS.002 Messages, PAIN.001 and PAIN.002 Messages

Lecture 32 Difference between Reject and Return

Lecture 33 PACS.004 and PACS.002 Structure

Lecture 34 Revise Main points - Structure of Pacs.004 and Pacs.002

Lecture 35 PAIN.001 and PAIN.002 Structure

Lecture 36 Revise Main Points - Structure of Pain.001 and Pain.002

Section 7: Understanding MX Messages with Examples

Lecture 37 PAIN.001 Message Example

Lecture 38 PAIN.002 Message Example

Lecture 39 Serial payment - First PACS.008

Lecture 40 Serial Payment - Second PACS.008, PACS.002 and Third PACS.008

Lecture 41 Serial Payment - Fourth PACS.008

Section 8: Practice test

Business Analysts and Consultants of Payments Domain,Aspirants of Payments Domain