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.
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 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.
Course Content
Day 1
The purpose of a Payment System
Definitions and Overview
Payment Service Providers
Back-End Arrangements
Demand Side - Different Preferences
Directo a México
International Payments & the Law
TARGET2
SWIFT’s Evolution
A Study in complexity
Day 2
Foreign Exchange (FX) Terms
Hawala - What it is and how it works
What are Remittances?
The Purpose, Role & Operation of CLS
Herstatt Risk
How Exposures are Measured
How CLS Works
Traditional Tools of Liquidity Management
The Trade Process
Guarantees - types, uses and processes
Balancing cost and risk
What is Risk?
Enterprise Risk Management
Achieving an Efficient International Payment Service
What Corporates Want
How International Payments are Changing
Speaker
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.
