Advanced Guide – ISO 20022 SWIFT MX Messages

**Part 2 of 2 courses**

Are you someone who is searching for a reliable resource on ISO 20022 SWIFT MX messages?

Confused about where to begin learning? What to learn? From where to learn?

Then this course is your perfect match!!

You will get –

• Full understanding of CBPR+ usage guideline and message structure and elements

• Pacs.008, Pacs.009, Pacs.004, Pacs.002, Pain.001 and 002 message structures

• Learn creating MX messages – Assignments

• 100+ questions to get you ready for interview

• Essential background knowledge of XML to understand message schemas

• Learn how to handle data truncation during MT-MX coexistence

• Message examples of end to end payment chain

This course, the ‘Advanced Guide – ISO 20022 SWIFT MX Messages’, delves deeper into all the necessary concepts of SWIFT MX messages, starting from how the different working groups of SWIFT work and the inter-relations of the usage guidelines, how XML is used to build the ISO 20022 messages schema, how the important messages are structured – discussing element by element, and the logic behind each element’s presence. It also provides real life message examples to understand the application of all that is learnt.

Who is this course for?

1. Business Analysts and Consultants of Payments Domain

2. Aspirants of Payments Domain

What this course covers?

What are ISO 20022 message catalogue, SWIFT MX message catalogue and SWIFT payment groups usage guidelines

1. ISO 20022 Message Registration Process

2. SWIFT Payment Groups

3. Handling of Coexistence of MT and MX messages and Other Related Migrations of Infrastructures

4. Handling data integrity loss in MT-MX coexistence

XML in ISO 20022 messages

1. Basic Structure of XML and Syntax Rules

2. XML Schema and Instance

3. XML Data Types

4. XML Attributes and Complex Elements

5. Restrictions and Indicators

6. Understanding the ISO 20022 XML Message Schema

7. Codes used in MX Messages

8. MX Message Validation

Important Concepts Related to MX Messages

1. Agents and Parties

2. Settlement Methods

3. Multiplicity of Elements in Messages

Structure and Elements of PACS.008 Message

1. Building Blocks – Group Header and the Credit Transfer Transaction Information

2. Understanding the Credit Transfer Transaction Information Block

3. Understanding the Group Header Block

Structure and Elements of PACS.009 Message

1. PACS.009 Core, PACS.009 COV and PACS.009 ADV

2. Building Blocks – Group Header and Credit Transfer Transaction Information

Structure of PACS.004 and PACS.002 Messages, PAIN.001 and PAIN.002 Messages

1. Difference between Reject and Return

2. PACS.004 and PACS.002 Structure

3. PAIN.001 and PAIN.002 Structure

Understanding MX Messages with Examples

1. PAIN.001 Message Example

2. PAIN.002 Message Example

3. Serial payment – First PACS.008

4. Serial Payment – Second PACS.008, PACS.002 and Third PACS.008

5. Serial Payment – Fourth PACS.008

Practice Test and Assignments

Rating Distribution

• 1 stars: 4 votes
• 2 stars: 0 votes
• 3 stars: 25 votes
• 4 stars: 97 votes
• 5 stars: 148 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!