From MT to MX iso 20022 payment messages – part 2- for trade finance pacs.008 & pacs.009          Download Brochure

By the end of this course you will be able to:

.Practice the use of MX pacs.008.001.08 and pacs.009.001.08 (CORE & COV) in trade finance operations.

Course Outline:

.Practice the following:

.Collections

.1-Direct collection, documents sent from the principal to the collecting bank directly, in this case the collecting bank will transfer the amount using: pacs.008 only or pacs.008 + pacs.009 COV

.2-Documentary collection, documents sent from remitting bank to the collecting bank, in this case the collecting bank will transfer the amount using: MT 400 + pacs.009

.Documentary credits

.1-In case of paying complied documents: MT 756 + pacs.009

.2-In case of paying accepted discrepant documents: MT 732 + pacs.009 or MT 752 + pacs.009

.3-In case of paying agent commssion: pacs.008 only or pacs.008 + pacs.009 COV

.Guarantee/Standby Letter of Credit

.In case of paying a demand: pacs.009 in reply to MT 765

Target Audience:

.Trade finance officers

Prerequisites:

.Must attend part one of the iso 20022 payment messages.

This course entitles you to attend:

Upon successful completion of this course, participants will obtain: