From MT to MX, The new ISO 20022 Payment Messages specialized for remittance dept         

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

.Explain the shortage of MT103 in meeting the wolfsberg payment transparency requirements

.Explain the migration and the ISO 20022 characteristics

.Explain the MX pacs.008 and its use in remittance

.Explain the MX pacs.009.COV and its use in remittance

Course Outline:

.1- The reason for replacing the old legacy swift payment messages by the iso 20022 XML messages

.2- Timeline for the migration

.3- Which activities will be migrating to ISO 20022

.4- Introduction to ISO 20022 standard

.5- Who put the rules of the technicalities “what to do”?

.6- Migration from MT to MX

.7- Explaining the pacs.008.001.08 and the pacs.009.001.08 COV

.7-1 messages flow

.7-2 structure of ISO 20022 business message (BAH)

.7-3 pacs.008 & pacs.009.COV group header elements

.7-4 pacs.008 & pacs.009.COV group Credit Transfer Transaction Information elements

Target Audience:

.Remittance dept

Prerequisites:

This course entitles you to attend:

Upon successful completion of this course, participants will obtain: