Virtual International Payments Course: December 2nd, 4th & 8th, 2020 - Key Principles, Concepts, Practices and Current Developments

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Oct 19, 2020, 10:00 ET

DUBLIN, Oct. 19, 2020 /PRNewswire/ -- The "International Payments" training has been added to ResearchAndMarkets.com's offering.

This practical course has been tailored for banking professionals who have some experience in domestic payments and want to expand their knowledge of international payments. You will explore the key principles, concepts, practices and current developments in the international payments.

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

What will you learn

Gain the practical knowledge of all key processes and concepts in international payments
Learn about the various stages of low and high-value payment process
Understand the role and functioning of SWIFT and CLS
Get to grips with foreign exchange and currency principles
Explore the mechanisms in clearing and settlement
Learn about liquidity management principles
Gain the tools for managing all risks involved
Understand the legal and regulatory frameworks
Explore the current market trends and challenges

Main topics covered during this training

Foreign exchange & currency principles
High-value global payments
Cross Border Retail Payments
Alternative Payment Arrangements & Systems (Correspondent Banking, Hawala)
Purpose & role of SWIFT
Purpose & role of CLS
International Payments & the Law
International Standards, Conventions & Principles
Financial Action Task Force (FATF)
Anti-Money Laundering
Global Clearing & Settlement
Liquidity & Treasury management
International trade facilitation
How International Trade is financed
Risk management, and
Legal & Regulatory issues
Challenges for corporates in international payments
Current and future trends

Key Topics Covered:

International Payments Primer

Participants are introduced to the key concepts, principles, and terms relating to international payments. Delegates are provided a fundamental understanding of the field and a foundation for comprehending more advanced or topic-specific subject matter delivered subsequently in the program.

The purpose of a Payment System
Characteristics of International Payments
The Payment Process
The Current International Payments Scene
Who Makes International Payments

Cross-Border Retail Payments

Definitions and Overview
Nature of Cross-Border Payments
Demand and Supply Sides
Key Features
Overview of the Cross-Border Retail Payments Market
The Demand Side

The Supply Side - Front End

Payment Service Providers
Types of PSPs of Cross-Border Retail Payment Services
End-to-End PSPs
Payment Instruments
Payment Cards for Cross-Border Payments
Service Channels and Access Points

Supply Side - Back End

Back-End Arrangements
Correspondent Banking Model
Interlinking Model
Closed-Loop/In-House/Intragroup
Peer-to-Peer Model
Use of the Blockchain
Contractual, Legal and Regulatory Framework

Market Preferences

Demand Side - Different Preferences
Demand Side - Expectations
Supply Side - Front End - Innovation, Cash preferences, challenges and standards

ISO 20022 and International Interlinking of Payment Infrastructures

Supply Side - Back End Messaging, Settlement, Improvements, Alternatives

Regional Integration Case Studies

Directo a Mxico
EACHA
Arab Regional Payment System
SEPA

Interdiction & Enforcement Aspects of International Payments

International Payments & the Law
Local Laws
International Principles and AML Requirements
Financial Action Task Force (FATF)
Examples of Legal Payments Structures - The USA, The UK, European Union
Anti-Money Laundering
Suspicious Activities

High-Value Global Payments

TARGET2
CHIPS
TARGET T2-Securities

The Purpose & Role of SWIFT

SWIFT's Evolution
Network & Transaction Volumes
Before SWIFT - How payments worked
What SWIFT is used for
The Role of SWIFT in Payments
BICs
Straight Through Processing
FIN Services - How it works
SWIFTNet
SWIFT Message Types
Cross Border ACH (SWIFT through a CUG)
The FIN Message Dissected
SWIFT Standards XML: Comparing FIN & XML, SWIFT Global Payments Innovation (gpi)

Global Clearing & Settlement

A Study in complexity
Settlement Under Correspondent Banking

Foreign Exchange & Currency Principles

Foreign Exchange (FX) Terms
Nostro & Vostro
How Foreign Exchange Works - A Case Study
Exchange Rates - How rates are set, Supply & Demand, International Monetary Issues, Purchasing Power Parity
Foreign Exchange Issues: Gold Standard, National Fiat Money, 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' Remittances

What are Remittances?
Who are the SenderS and the Receivers?

The Purpose, Role & Operation of CLS

This section deals with risks in International payments and the role of CLS in their mitigation.

International Payments and Risk

Herstatt Risk
What are all the Foreign Exchange Risks?
Settlement Methods and their Effect on Risk

The Mathematics of Foreign Exchange Settlement

How Exposures are Measured
The Foreign Exchange Settlement Process
Projecting FX Settlement Exposures
Duration of FX Settlement Exposures
Size and Duration of Exposures
Payment System Operating Hours & Time Zones

Continuous Linked Settlement

How CLS Works
Benefits of CLS
New CLS Services
CLS & Correspondent Banking

Liquidity Management

Traditional Tools of Liquidity Management
Managing Liquidity
Managing Liquidity Within a Bank System
Multi-Currency Liquidity Management

International Trade Facilitation

The Trade Process
Payments Within the Trade Process
Payments in International Trade
Documentary Credits & Documentary Collections
Linking Goods to Documents

Guarantees & Letters of Credit

Guarantees - types, uses and processes
Letters of Credit
Standby Letters of Credit

International Trade Financing Methods

Balancing cost and risk
Customer financing solutions - Letters of Credit, Documentary Collection

Risk Management in FX

What is Risk?
The Size of the Problem
FX Risks - Some Notes Case Studies

Managing Risks

Enterprise Risk Management
Implementing a Risk Management Policy
Operational Risk
Managing Operational Risk
Risk Analysis
Risk Appetite
Risk Impact Vs. Frequency
Risk Impact Vs. Probability
Regulation as a Payment System Risk

Advanced Legal and Regulatory Issues

Achieving an Efficient International Payment Service
UNCITRAL and its Model Law
FATF and International Payments

Corporate Perspectives & Challenges in International Payments

What Corporates Want
RosettaNet

Emerging Trends

How International Payments are Changing
What the Future may Hold

For more information about this training visit https://www.researchandmarkets.com/r/izufc4

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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