For the CPD cycle ending on 31 December2023, you can easily derive the 'CPD points' (read from now on as 'CPD hours') by summing the general and sector-specific hours per training domain. For more information, please check out our FAQ
SWIFT has been the cornerstone for financial messaging since its incorporation in the 70’s. Throughout the years, it has enabled banks to send standardised and universally accepted payments messaging using its proprietary standard. Those messaging standards have regularly undergone minor evolutions since their creation in 1977, but never so radically as in 2022.
On November 21st of 2022, both SWIFT and the Eurosystem will switch over to a new, richer, and more interoperable messaging format: ISO 20022.
Although the mechanisms for transferring value remain largely unchanged, this richer messaging standard allows for payment users and their service providers to provide a much greater level of contextual information with regards to the underlying payment. The availability of this information can help payees to better reconcile their payments, but also adds a burden to banks: they need to ensure that they have a thorough understanding of the characteristics of ISO 20022 messaging and SWIFT’s new mechanisms to safeguard and optimize their sanctions screening, anti-money laundering efforts, and fraud detection mechanisms considering these significant changes.
The objective of the training is:
Total price *
Members: € 330
Non-members: € 360
Partners/ BZB: € 330
Incompany: tailor-made, prices on request
Banking: 3h sector specific
Continuing Professional Development
Please let us know you're interested in this training should there be no date available, the planned date does not suit you and/or this session is full. As soon as about 5 people are registered on the interest list, we will propose a new course date. Your registration on the interest list is free of charge and without any obligation.
The training course can be followed by various target groups:
Advanced level training: this training requires a general basic knowledge of the subject.
Additional prior knowledge required: To experience the most impact of this course, it is best that you have acquired a certain basic knowledge/notion of payments during your career.
You follow a ‘Classroom training’ in a group. You, the other participants and the teacher are all present in the same classroom at an agreed time. There is an opportunity for interaction and feedback, both from the participants to the teacher and vice versa. The teaching material consists as a basis of a presentation via the MyFA learning platform, supplemented with various other items (such as digital syllabus, presentation, audiovisual fragments, etc.).
Training material: PowerPoint presentation
Clearing, settlements & payments