Udemy
    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
Turn what you know into an opportunity and reach millions around the world.
Learn More
Your cart is empty.
Keep shopping
The Swift Payment with Business Analyst Course
Rating: 3.6 out of 5(83 ratings)
590 students

The Swift Payment with Business Analyst Course

The Swift payment with Business Analyst Course
Created bySaranya Vinoth
Last updated 6/2026
English
English [Auto],

What you'll learn

  • 1. Learn category 1 and 9 entire message flow with live Project Exposure
  • 2. The understanding scope of MT to MX migration
  • 3. Learn all the fundamental payment concept with swift terminology
  • 4. Given over view of H2H and RTGS Functionality

Course content

4 sections • 43 lectures • 8h 12m total length

  • Introduction To Payment System6:56
  • Introduction To Swift payment13:37
  • RMA and Accounting Relationship4:54
  • Accounting Concept ( Nostro, Vostro , Loro)8:16

    Define Nostro, Vostro, and Loro accounts and distinguish their roles in foreign trade and foreign exchange. Explain home versus foreign currency and show simple Nostro and Vostro examples.

  • BIC code and IBAN Definition10:12

    Explore the BIC code (Swift code) and the IBAN number, detailing an 11-digit BIC and a 34-digit IBAN used to identify banks and enable international transactions.

  • Serial and Cover payment Explanation8:15

    Compare serial and cover payments, showing serial’s single 101/103 flow for announced fund transfer and cover’s two-message process via correspondent banks, Nostro accounts, and higher costs.

  • Swift MT Message structure Block container ( Beginner easy way of understanding)16:12

    1.Basic header block (Mandatory)

    2.Application header Block (optional Blocks)

    3.User header block  (optional Blocks)

    4.Text block  (optional Blocks)

    5.Trailer block (optional Blocks)

  • The MT 101 Request For Transfer6:15
  • The MT 202 &MT202 Cov Financial Institution Transfers8:48

    Compare empty two not to cover payment with empty two not to cover payment, and outline the fund flow via ordering, central, and receiver banks with sender and receiver information.

  • The MT103 Single Customer Credit Transfer11:06
  • MT103 STP – single customer credit Transfer Transaction Flow14:41
  • The MT900 confirmation of Debit Message9:54

    Understand the MT900 debit confirmation, its purpose to notify account owners of the debit amount and debited account, and the message structure with mandatory and optional fields.

  • The MT910 Confirmation of Credit Message9:08
  • The MT940 Customer Statement Message (EOD)9:18
  • The MT942 Interim Transaction Report15:44
  • The MT950 - Statement Message10:13

    Learn how the MT950 empty statement message conveys opening and closing balances, transaction details, and statement lines between direct and indirect banking relationships, enabling account owners to understand activity.

  • The MT191 Request For Charge16:31
  • The MT192 Payment Cancellation Message14:29

    Explore the MT192 payment cancellation message, its purpose, scope, and urgent flow for canceling duplicate or fraudulent transactions before funds reach the beneficiary.

  • MT195 Query14:08

    Explore MT195 query workflows in payments, learn when to raise inquiries, mandatory fields 20, 21, 75, and how narratives and responses (MT196) guide transaction status across direct and correspondent banks.

  • MT210 Notice To Receive5:32

Requirements

  • The 12000 plus financial institution and 202 countries migration going on if you pursuing the course you can able to switch over the carrier in payment domain very easily
  • The BPO , Operation background ,Tester , other domain BA try to learn this course it should be very useful to switch over the carrier in Swift Platform or Banking Payment Domain

Description

Introduction To Payment

Electronic payment

Non Electronic payment

Introduction To Payment System and Journey & Fraud Validation in Payment Object of payment system (Clearing , Settlement exc)

Non Fast Electronic payment system RTGS,NEFT

Fast Electronic Payment System IMPS,UPI

Online and Bulk channel Payment method overview

Introduction To Swift payment and Swift GPI Overview

RMA and Accounting Relationship

Accounting Concept

Nostro Account

Vostro Account

Loro Account

Nostro Mirror Account

Finacial Institution Concept

Originator Bank

Receiver Bank

Sender Correspondent

Receiver Correspondent

intermediately Bank

Account With Institution"

Business identifier code and ACK and NACK Notification

BIC

IBAN

Bank Charges

BEN

SHA

OUR

Payments Method

Direct Payment

Serial Payment

Direct and Cover Payment

Introduction To Swift MT Message

Category 1 Message

MT101 

MT103

MT 103 STP

MT191

MT192

MT195

Category 2 Message

MT201

MT202

Category 9 Message

MT900

MT910

MT950

MT940

MT942

MT To MX Equivelent Field and ISO 20022 Basic Terms

Payment Initiation Message

PAIN 001

PAIN 002

Payment Clearing and Settlement Message "PACS.002

PACS.004

PACS.008

PACS.009

Cash Management Message

CAMT054

CAMT053

CAMT052

CAMT056

CAMT029"

Transaction Status and Exception Scenario Exception :Request to Cancel/Request to Modify

Exception :Unable to apply

Exception :Claim not- Receipt

Investigation: Resolution

Investigation: Notification of Case Assignment

Investigation: Duplicate/Request for duplicate

Investigation: Rejection

Investigation: Case Status Request / Report

Investigation: Debit Authorization Request/response"

Payment Rejects and Returns Understanding rejects and Returns

Payment Engines, Payment hub STP and Non STP Process

Host to Host Architecture and payment flow

Business Analyst Course (Add Ons)

BRD , FRD and SRD Preparation Training

Basic Agile Scrum Master Concept

Basic Testing Concept and SDLC

SQL Basic  theoretical concept teaching


Who this course is for:

  • Business Analysts and Operation job professional
  • Manual Tester & Scrum master who are leading the payment teams
  • Business Process Outsourcing voice or Non voice professional Employee
  • Trade Finance Professionals and investment banking professional
  • Finance graduation and student

Report abuse