The new ISO 20022 (trade finance + remittance)
Introduction:
The interim period for the use of the new ISO 20022 Payment Messages started from 20 Mar. 2023 till Nov. 2025 where all payments will be processed using the MX pacs.008 and pacs.009 and their related messages.
This course is designed to explain the reason behind changing the old MT103, MT202 & MT202 COV, as well as explaining the characteristics of the MXs that will be en sha ALLAH used.
By the end of this course you will be able to:
Course Outline:
.The reason for replacing the old legacy swift payment messages by the iso 20022 XML messages
.Timeline for the migration
.Which activities will be migrating to ISO 20022
.Introduction to ISO 20022 standard
.Who put the rules of the technicalities “what to do”?
.Migration from MT to MX
.Explaining the pacs.008.001.08 and the pacs.009.001.08 - messages flow
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Target Audience:
31 Hours
Prerequisites:
This course entitles you to attend:
Upon successful completion of this course, participants will obtain:
English
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