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Duration 7 hours
Course Outline
Introduction to SWIFT
- General overview of SWIFT
- Comprehending the SWIFT network
- Decoding and applying SWIFT codes
- Fundamentals of SWIFT messaging
The SWIFT Environment
- Configuring a SWIFT terminal
- SWIFT encryption, authentication, and compliance protocols
- Navigating user handbooks and technical documentation
Executing SWIFT Transfers
- Preparatory steps for a transfer
- Constructing SWIFT messages
- Managing charges, exchange rates, and currency conversion in international transfers
- Addressing errors and rejections
Compliance and Risk Management
- Anti-money laundering (AML) and Counter-terrorist financing (CTF) considerations
- The critical role of know your customer (KYC) in SWIFT transfers
- Monitoring tools, reporting mechanisms, and best practices
Advanced SWIFT Operations
- Reviewing additional SWIFT services
- Integration with internal banking systems
- Emerging trends in the SWIFT ecosystem
Summary and Next Steps
Requirements
- Fundamental comprehension of banking operations
Target Audience
- Banking professionals
- Finance officers
Testimonials (4)
How to manage business financials
surprise mtileni - Hatima Holdings (Pty) ltd
Course - Learning Xero
Good communication, open for discussion, kept it interesting and engaging
Ahmet Keyman - Keytrade AG
Course - Management Accounting and Finance for Non-Finance Professionals
Experience of the trainer and his way of conveying the content
Roggli Marc - Bechtle Schweiz AG
Course - FinOps
The trainer did not leave a single minute unexploited! He was up a storm throughout every lesson and provided much material for whatever he dealt with.