Contact information
London (UK) Office
22 Portman Square, Marylebone, London W1H 7BG, UK
Istanbul (Turkey) Office
19 Mayıs Mahallesi, 19 Mayis Street No 2 Sisli
The global financial industry is transitioning from the legacy SWIFT MT messaging standard to ISO 20022 MX messaging. This course equips participants with the foundational knowledge and practical skills to understand MX message structures, identify differences from MT formats, and develop ISO 20022-compliant MX messages for trade finance and payments. By working through real examples, participants will gain hands-on experience to confidently handle migration challenges and support organizational compliance.
Understand the structure and syntax of ISO 20022 MX messages.
Compare MT and MX messages and recognize key structural differences.
Interpret MX message examples for trade finance and payments.
Develop corresponding MX message types for common MT messages.
Support organizational readiness for ISO 20022 adoption.
Lectures and Expert Insights: Leading industry experts will share their insights and best practices.
Case Studies: Analyze real-world talent acquisition challenges and solutions.
Group Discussions: Engage in meaningful discussions and share experiences with peers.
Role-Playing and Simulations: Practice recruitment scenarios to enhance skills.
Hands-on Workshops: Gain practical experience in using recruitment tools and techniques.
Enhances compliance with international financial messaging standards.
Reduces operational risk during the MT-to-MX migration.
Improves automation and interoperability in payment and trade finance systems.
Strengthens staff expertise, minimizing reliance on external consultants.
Builds expertise in ISO 20022 messaging standards.
Enhances ability to design, validate, and troubleshoot MX messages.
Increases employability in banking, fintech, and trade finance domains.
Strengthens confidence in supporting ISO 20022 implementation projects.
Payment operations and trade finance professionals.
IT and system analysts in banking/fintech.
Compliance and SWIFT operations teams.
Business analysts and solution architects working on ISO 20022 migration.
Overview of SWIFT MT and MX standards.
Introduction to ISO 20022: principles, benefits, and adoption timeline.
MX message structure: XML-based syntax, schema, tags, and elements.
Understanding message blocks, components, and data dictionaries.
Example walkthrough: basic MX message for a payment instruction.
Introduction to MX categories for trade finance (CAT 7) and payments (CAT 1, CAT 2).
MX message structure examples for:
Payments (pacs.008 – FI to FI Customer Credit Transfer, pacs.009 – Financial Institution Credit Transfer).
Trade Finance (tsmt messages – Trade Services Management).
Deep dive into key elements: Parties, Accounts, Amounts, Dates, References.
Exercise: Parsing an MX payment message (pacs.008).
Key differences between MT (block-based) and MX (XML-based) formats.
Side-by-side comparison:
MT103 vs pacs.008
MT202 vs pacs.009
MT700 vs tsmt.020 (Letter of Credit)
Benefits of MX over MT (data richness, interoperability).
Exercise: Map an MT103 to pacs.008 using field-to-element conversion.
Framework for developing MX messages from MT messages.
Introduction to mapping tools, XML schemas, and message validators.
Develop MX equivalents for sample MT messages:
MT103 → pacs.008 (Customer Credit Transfer)
MT202 → pacs.009 (FI to FI Transfer)
Hands-on practice with XML message creation.
Continuation with advanced trade finance messages:
3. MT700 → tsmt.020 (Issue of Documentary Credit)
4. MT760 → colr.001 (Guarantee / Standby Letter of Credit)
5. MT798 → camt.056 (Corporate-to-Bank communication example)
Testing and validating MX messages.
Best practices for migration and implementation.
Full MT-to-MX conversion workflow.
Course wrap-up, Q&A, and action plan for applying skills in real projects.
