Mini Diploma in SWIFT Messaging and Banking Transfer Operations
1Summary
Every time money crosses a border between two banks, it travels through a secure messaging system most customers never see — SWIFT. Behind a simple transfer request sits a whole architecture of message types, correspondent banking relationships, and settlement systems that keep funds moving safely between institutions.
This Mini Diploma in SWIFT Messaging and Banking Transfer Operations from the Arab British Fellowship Training Academy takes participants through that architecture in practical terms, building the skills needed to work confidently in banks, trust companies, and financial markets.
2Objectives and target group
Target Audience of the Diploma
- Managers of institutions and companies, and businessmen wishing to develop their skills in managing banks.
- Students and graduates of business schools across different universities.
- Bank managers and departmental staff, and accountants and their assistants in banks.
- Anyone wishing to develop their expertise in financial markets.
What Participants Will Take Away
- The ability to supervise the preparation of registration bonds, verify their validity, and approve them before they are recorded in companies' accounting books.
- Experience supervising and following up on all documents received from the accounting office.
- Skill in implementing financial procedures set by senior management.
- Practical experience managing and organizing banking operations related to remittances.
3Course Content
Module 1: Why SWIFT Runs Global Banking
- The key advantages of the SWIFT system.
- Banking operations directly linked to SWIFT: remittances, credits, collection policies, foreign guarantees, and treasury.
- Why banks establish relationships with correspondent banks to carry out remittances.
Module 2: Understanding Remittances and Settlement
- Defining remittances, their types, and the parties to remittances issued and received.
- The concept of the immediate gross settlement system.
- Money laundering and its relationship with remittances.
Module 3: Decoding SWIFT Message Types
- SWIFT message types summarized under codes MT101 to MT999, and how banks handle them.
- The extent and limits of a bank's commitment regarding remittances issued and received.
- The difference between individual remittances (MT103) and financial institution remittances (MT202), with a detailed look at related message types — MT102, MT110, MT191, MT192, MT195, MT196, MT199 — and their fields.
Module 4: IBAN and Cross-Border Transfers
- The definition and concept of the International Bank Account Number (IBAN).
- The advantages and benefits of using IBAN in cross-border transfers.
Module 5: Executing, Modifying and Tracing Transfers in Practice
- Practical procedures for issuing remittances and handling customer requests.
- Multiple operational cases for processing SWIFT messages, including cancelling and modifying an issued order.
- Inquiring about correspondent banks and remittance coverage through The Bankers Almanac.