An Elephant in Room - ISO 20022 Payment & Reporting - MT MX

ISO20022 is big in nature, We slice it in blocks to make it small consumable.

Key Highlights

• 15 detailed Lessons. Each Lesson comes with set of question to validate your understanding

• More than 175 questions which are unique and push you to understood this topic well

• At the end, we conclude and provide Exam as quick validation and recap

  
  

Lessons  Include

• Lesson 1 : Why ISO20022

  01  : Why ISO20022 now?

  02 : How it is organised ?

  03 : Corresponding MT ?

  
  

• Lesson 2 : MT-MX Basics

  01  :  MT-MX Basic Difference

  02 :  MT Terminology Mapping

  03 :  MX Terminology Mapping

  04 :  Standardisation of Keywords

• Lesson 3 : Adoption Areas and Reference Ids

  01  :  ISO20022 Adoption for MIs

  02 :  ISO20022 Adoption Areas

  03 :  Reference Number in ISO20022 ️Purpose and Usage

  04 :  Reference Number in ISO20022

• Lesson 4 : Agent and Parties

  00 :  From Debtor view (pain.001)

  01  :  From Debtor bank view (pacs.008) - first bank

  02 :  From Correspondent view (pacs.008) - next bank

  03 :  From Intermediary view (pacs.008) - second last bank

  
  

• Lesson 5 : Fund Transfer Methods

  01 :  Transfer Methods

  02 & 03 :  Customer Transfers

  04 & 05 :  Bank to Bank Transfers

  06 :  Want to hear from you

• Lesson 6 : Returns

  01  :  Understand MT Returns

  02 :  ISO20022 R-Transactions

  03 :  R-Transaction Use Case

• Lesson 7 : MT-MX Conversion

  01  :  MT to MX Conversion

  02 :  Conversion Space and Solution

  03 :  In Flow Translation Transfers

  04 :  Transaction Manager

• Lesson 8 : Request for Cancellation

  01  :  What is E&I Message

  02 :  SWIFT MT and SWIFT gpi - Request for Cancellation

  03 :  ISO20022 - Request for Cancellation Standardisation

• Lesson 9 : Information to Parties and Agents

  01  :  Information and Instruction

  02 :  Instruction to Parties

  03 :  Information to Agents

• Lesson 10 : Charge Options

  01  : Important Fields in Charge Details

  02 : Beneficiary borne Charge

  03 :  Shared Charge option

  04 & 05 : Debtor borne Charge (Normal and GOUR)

  
  

• Lesson 11 : Reporting Messages

  01  :  Types of Reporting

  02 :  Customer Statement

  03 :  Customer Advice

• Lesson 12 : Compliance Validation Simplified

  01  :  Definition, Scope and Demand

  02 :  MT Compliance Challenge

  03 :  MX Compliance Capabilities

  
  

• Lesson 13 : MX v/s ISO20022

  01  :  ISO20022 vs MX Key difference

  02 :  Version Management

  03 :  MX Releases

  
  

• Lesson 14 : Claims Management

  01  :  What is Claims in Payment?

  02 :  MT world claim flow

  03 :  MX world claim flow

  04 :  Challenges and Solutions

• (NEW) Lesson 15 : Hybrid Address

  01  :  What, Why and When of Hybrid Address.

  02 :  Timeline of various Address Format.

  03 :  Hybrid Address Adoption.

Message Deep Dive

• Deep Dive on pacs.008 and MT103

• (NEW) Deep Dive on pacs.009 Core and MT202

• (NEW) Deep Dive on pacs.008 COV and MT202 COV

This course is created for all who wish to learn ISO 20022, although it will be better if student has some basic understanding of payment before starting the course.