This practical 2 day 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.
Who should attend? This course will be of special interest to payment professionals with some experience who wish to expand their knowledge base and advance their careers into the global payments arena.
You may be interested in combining this programme with AML & KYC course on 20 of September.
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
- 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:
- Characteristics of International Payments
- The payment process
- Low-value global payments
- International ACH Automatic Clearance services
- Legal payments structures in the US and worldwide
- Financial Action Task Force (FATF)
- High-value global payments: TARGET 2 and CHIPS
- Anti-money laundering
- The role and purpose of SWIFT
- Global Clearing and Settlement
- Foreign Exchange and Currency Principles
- Hawala Alternative international payment system
- Workers' remittances
- The purpose and role of CLS
- Managing risks in International Payments
- Foreign Exchange settlement in detail
- The role and purpose of CSL
- Managing FX risks
- Advanced Legal and Regulatory issues
- Challenges for corporates in international payments
- Current and future trends
- International Payments Primer
- Cross-Border Retail Payments
- Interdiction & Enforcement Aspects of International Payments
- High-Value Global Payments
- The Purpose & Role of SWIFT
- Global Clearing & Settlement
- Foreign Exchange & Currency Principles
- Alternative International Payment Systems
- Workers’ Remittances
- 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
- The Mathematics of Foreign Exchange Settlement
- Continuous Linked Settlement
- Liquidity Management
- International Trade Facilitation
- Guarantees & Letters of Credit
- International Trade Financing Methods
- Risk Management in FX
- Managing Risks
- Advanced Legal and Regulatory Issues
- Corporate Perspectives & Challenges in International Payments
- Emerging Trends
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.
Operations and business staff from:
- Commercial banks
- Investment banks
- Foreign Exchange dealers
- Brokerage companies
- Multinational corporations
- Money Managers
- Commodity Trading Advisors
- Insurance companies
- Central banks
- Pension Funds
- Hedge Funds
- Investment companies
and other participants in the inter-dealer market.
Venue to be announced shortly.