2-Day Online International Payments Training Course – Attend From Anywhere June 27-29, 2022

DUBLIN–(BUSINESS WIRE)–The “International Payments” training has been added to from ResearchAndMarkets.com offer.

This is a unique opportunity to complete this program online via a virtual interactive classroom which will be delivered in 3 sessions of 4.5 hours from 27-29 June 2022 at 10am UK time. The course is delivered by a senior expert with over 20 years of international experience.

Our online courses are more than just a webinar – they provide an interactive experience where you can get your questions answered in real time by our senior experts and chat with other participants. You will receive a full set of course materials and a course certificate upon completion.

Upon completion, you will receive a full set of course materials and a course certificate.

This hands-on course has been designed for banking professionals who have some experience in domestic payments and wish to deepen their knowledge of international payments. You will explore key principles, concepts, practices and current developments in international payments.

You will have the opportunity to learn about the principles of foreign exchange and currencies, global high value payments, the purpose and role of SWIFT and CLS, global clearing and settlement mechanisms as well as the management of liquidity, international trade facilitation, risk management, and legal and regulatory issues.

Who should be present? This course will be of particular interest to payment professionals with some experience who wish to broaden their knowledge base and advance their career in the global payments arena.

Main topics covered:

Introduction to international payments

We introduce participants to the key concepts, principles and terms relating to international payments. Delegates receive a foundational understanding of the subject area and a foundation for understanding more advanced or subject-specific topics delivered later in the program.

  • The purpose of a payment system

  • Characteristics of international payments

  • The payment process

  • The current scene of international payments

  • Who makes international payments

Cross-border retail payments

  • Definitions and overview

  • Nature of cross-border payments

  • Demand and supply side

  • Main characteristics

  • Overview of the cross-border retail payments market

  • The demand side

The supply side – Front End

  • Payment service providers

  • Types of cross-border retail payment service PSPs

  • PSP end to end

  • Payment instruments

  • Payment cards for cross-border payments

  • Service channels and access points

Supply Side – Downstream

  • Background layouts

  • Correspondent banking model

  • Interconnect model

  • Closed loop/internal/intra-group

  • Peer-to-peer model

  • Use of Blockchain

  • Contractual, legal and regulatory framework

Market preferences

  • Demand Side – Different Preferences

  • Demand Side – Expectations

  • Supply Side – Front End – Innovation, Cash Preferences, Challenges and Norms

ISO 20022 and international interconnection of payment infrastructures

  • Supply Side – Backend Messaging, Settlement, Enhancements, Alternatives

Regional Integration Case Studies

  • Head to Mexico

  • ECHA

  • Arab regional payment system

  • SEPA

Prohibition and enforcement aspects of international payments

  • International payments and the law

  • Local laws

  • International principles and AML requirements

  • Financial Action Task Force (FATF)

  • Examples of legal payment structures – United States, United Kingdom, European Union

  • Fight against money laundering

  • Suspicious activities

High Value Global Payments



  • TARGET T2-Securities

SWIFT’s purpose and role

  • The evolution of SWIFT

  • Network and transaction volumes

  • Before SWIFT – How payments worked

  • What is SWIFT for

  • The role of SWIFT in payments

  • BIC

  • Direct processing

  • FIN Services – How it works

  • SWIFTNet

  • SWIFT message types

  • Cross-border ACH (SWIFT via a CUG)

  • The END message dissected

  • SWIFT Standards XML: FIN & XML Comparison, SWIFT Global Payments Innovation (gpi)

Global clearing and settlement

  • A study in complexity

  • Settlement within the framework of the correspondent bank

Foreign currencies and monetary principles

  • Foreign exchange conditions (FX)

  • Nostro and Vostro

  • How Foreign Exchange Works – A Case Study

  • Exchange rates – How rates are set, supply and demand, international monetary issues, purchasing power parity

  • Foreign exchange issues: gold standard, national fiduciary currency, Bretton Woods, floating rates

Alternative international payment systems

  • Hawala – What it is and how it works

  • A case study

  • Why is Hawala used?

  • Is Hawala legal?

  • Hawala and money laundering

  • How the system can be misused

Workers discounts

  • What are discounts?

  • Who are SenderS and Receivers?

The purpose, role and operation of CLS

This section discusses international payment risks and CLS’s role in mitigating them.

International payments and risks

  • Herstatt risk

  • What are all the currency risks?

  • Settlement methods and their effect on risk

The Mathematics of Currency Settlement

  • How exposures are measured

  • The foreign exchange settlement process

  • Projection of foreign exchange settlement exposures

  • Duration of foreign exchange settlement exposures

  • Size and duration of exhibitions

  • Payment system opening hours and time zones

Ongoing linked settlement

  • How CLS Works

  • Advantages of CLS

  • New CLS Services

  • CLS and correspondent banking

Cash management

International Trade Facilitation

Guarantees and letters of credit

  • Warranties – types, uses and processes

  • Letter of credit

  • Stand-by letters of credit

Methods of financing international trade

  • Balancing cost and risk

  • Customer financing solutions – Letters of Credit, Documentary Collection

FX Risk Management

  • What is risk?

  • The size of the problem

  • Currency risks – Some case study notes

Risk management

Advanced legal and regulatory issues

  • Obtain an efficient international payment service

  • UNCITRAL and its model law

  • The FATF and international payments

Business Opportunities and Challenges in International Payments

  • What businesses want

  • RosettaNet

Emerging trends

  • How international payments are changing

  • What the future may hold

For more information on this training, visit https://www.researchandmarkets.com/r/8abt4q



Laura Wood, Senior Press Officer

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