SWIFT MX Messages - Focus on CBPR+ Structured Data Elements

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Free Download SWIFT MX Messages - Focus on CBPR+ Structured Data Elements
Published 10/2024
Created by Anwesha Sengupta,BankON by Anwesha Sengupta
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz, 2 Ch
Genre: eLearning | Language: English | Duration: 41 Lectures ( 2h 13m ) | Size: 863 MB

ISO 20022 Hybrid Postal Address | Structured Remittance | Regulatory Reporting | Purpose | LEI and a lot more
What you'll learn:
Understand the latest scope and deadlines of structured data elements and MX messages
Get updated with incorrect usages of MX messages identified so far and take corrective actions
Get clear concepts of Hybrid Postal Address, Structured Remittance Information, Regulatory Reporting and all other mandatory structured elements
Get additional resources for more in-depth study on SWIFT MT to MX migration
Requirements:
Intermediate knowledge of SWIFT MT to MX migration
Description:
**Part 3 of 3 courses**Structured data elements are the biggest upcoming requirements in the ISO 20022 CBPR+ SWIFT MX message migration.Many of the payment systems are in the process of implementing structured data and some have already made these mandatory with deadlines announced.This course will guide you through the intricacies of structured data in a simple, easy-to-follow and effective way.You will get -CBPR+ Scope and Upcoming ChangesLatest Deadlines of MessagesDetailed understanding of -Hybrid Postal AddressStructured Remittance InformationRegulatory ReportingPurpose CodeCategory Purpose CodeLegal Entity Identifier (LEI)On-Behalf-of ElementsRelated Resources for more in-depth studyWho is this course for?Business Analysts and Consultants of Payments DomainAspirants of Payments DomainWhat this course covers?CBPR+ Scope and Upcoming ChangesCBPR+: Current adoption statusCBPR+: Upcoming changesLatest Scope and deadlines of messages migrating to ISO 20022The key structured/ enhanced data elementsImplementation of Hybrid postal addressPostal address: Previous mandate by SWIFTChallenges of having fully structured address as the only optionPostal Address - Urgent Regulatory RequirementsHybrid Postal address: Structure and RulesHybrid Postal address: Implementation TimelineHybrid Postal address: Fields and Messages affectedTypes of mapping schemes and relevant scenariosMapping Scheme 1 - Hybrid address MX to MTMapping Scheme 2- MX Hybrid to MX unstructuredRecap - Hybrid Postal addressStructured remittance InformationWhy is it important?Basic use of Structured Remittance informationAdditional use of Structured Remittance InformationRecap - Structured Remittance InformationRegulatory ReportingWhat is Regulatory Reporting and When is it used?Structure of Regulatory ReportingHow to populate Regulatory Reporting?Example 1 - Use of Regulatory Reporting on Debit sideExample 2 - Use of Regulatory Reporting on Credit sideExample 3 - Use of Multiple Regulatory Reportings together in both sidesPurpose of PaymentWhat is the Purpose code and how to populate it?Example: Use of Purpose of PaymentExample: Use of Regulatory Reporting and Purpose together in same PaymentCategory PurposeWhat is Category Purpose and how to populate it?Example: Use of Category PurposeRecap: RgltryRptg, Purp and CtgyPurp - Similarities and DifferencesCase Study: The coming future - How a fully structured pacs.008 will look likeLEI and its use in ISO 20022 messagesWhat is LEI?LEI - Structure, Database and Importance in MX messagesUnder the Lens - Usage of Ultimate Parties in MX MessagesWho are the ultimate parties and how to correctly identify one?Practical scenarios involving ultimate partiesImplications of incorrect declaration of ultimate partyTake Corrective Actions - Know common Incorrect usages of ultimate partiesUnder the Lens - Incorrect usages of MX messages identified so farQuizzesAdditional Resources
Who this course is for:
Business Analysts and Consultants of Payments Domain
Aspirants of Payments Domain
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