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 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
On completion of this course you will:
- 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
- Explore the transition to the ISO 20022 MX Messaging system
- 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
Course Content
- Foreign exchange & currency principles
- High-value global payments
- Cross Border Retail Payments
- Alternative Payment Arrangements & Systems (Correspondent Banking, Hawala)
- Purpose & role of SWIFT
- The transition to the ISO 20022 MX messaging system
- 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
Speakers
Richard’s professional experience spans over 30 years. He started his career with Wells Fargo Bank, following by Fundtech and then moving to international advisory and consulting for the private and high-tech sectors providing high-level consulting, business analysis, project management and training to a wide range of banking clientele across the globe.
Over his career Richard was involved in International Trade Finance, Cross Border Payments and Settlements, Operational Risk, AML and Corporate Governance amongst others.
He has spent extensive time servicing a diversity of financial institutional clients in many countries including: UK, Ireland, China, Singapore, Hong Kong, Philippines, Korea, Malawi, Ghana, Nigeria, Kenya, South Africa, Poland, Sweden, Netherlands, Greece, Norway, Bermuda and across North America.
Clients that Richard has trained & consulted to include: JP Morgan, Abu Dhabi Commercial Bank, Qatar Exchange, Abu Dhabi Investment Authority, Central Bank of Egypt, Irish Gas, UBS, Central Bank of Ireland, Central Bank of Norway, Merrill Lynch, PGGM, BP, Asian Development Bank, African Development Bank, Instinet, Fundtech, European Central Bank, Brunei Investment Agency, British Steel Pension Fund, Salesforce and Tullet Prebon amongst others.
Who Should Attend
Operations and business staff from:
- Commercial banks
- Investment banks
- Foreign Exchange dealers
- Brokerage companies
- Multinational corporations
- Money Managers
- Commodity Trading Advisors
- Insurance companies
- Governments
- Central banks
- Pension Funds
- Hedge Funds
- Investment companies
- Brokers/dealers and other participants in the inter-dealer market.
