Mini Diploma in Swift Banking Transfer

The scientific content of the diploma:

• The most important advantages of SWIFT system.
• Banking operations directly related to the Soviets (remittances, credits, collection policies, foreign guarantees, treasury).
•  Reasons to establish a banking relationship with correspondent banks to carry out remittances.
• The types of SWIFT messages are summarized in numbers MT101 to MT999.
• Money Laundering and its relationship with remittances.
• The concept of the immediate gross settlement system
• Definition of remittances.
• The parties to the remittances issued and received.
• Types of remittances.
• The concept of Swift messages and methods of dealing with them.
• The extent and limits of banks' commitment with regard to remittances issued and received.
• Difference between remittances of individuals and remittances of financial institutions (banks) MT103, MT 202.
• Types of SWIFT messages related to remittances and explain the items and fields of each of them are:MT102, MT102, MT 202, MT 110, MT191, MT 192, MT 195, MT 196, MT 199, MT103 - A detailed explanation of the items and fields of the SWIFT message for individuals
• .MT202 - A detailed explanation of the SWIFT message concerning financial institutions (banks)
•   The definition and concept of the international bank account number IBAN NO.
• Advantages and benefits of using the international bank account number.
• Practical procedures for issuance of remittances and handling of requests from customers.
• Multiple operation cases for SWIFT message processing.
• Cancellation of the issued order.
• Modification of the issued order.
• Inquiring about correspondent banks and coverage of remittances to these banks through The Bankers Almanac.