Understanding Cross-border Payments
39mGeneral2025-06-02
Authors
CRFT Productions
Full-Service Learning Content Company
Jean Paul Megue
Course details
Master the complexities of cross-border payments and elevate your expertise in global financial transactions in this course led by payments and financial services expert Jean Paul Megue. Jean Paul covers the essential distinctions between domestic and international payments, diving into the six-party model that drives cross-border transfers. Explore how market infrastructures differ globally, the critical role of correspondent banking, and the intricacies of account relationships. Gain in-depth insights into the SWIFT network, including MT and MX ISO 20022 messages, and deepen your understanding of foreign exchange markets and liquidity management. Check out this course to gain the practical knowledge to handle cross-border transactions with confidence, streamline payment processes, and adeptly navigate the challenges of international finance.
Skills covered
Limited Series
Concepts
0. Introduction
- 01 - Understanding cross-border payments
1. Domestic vs. Cross-Border Payments
- 02 - Definitions of domestic payments and cross-border payments
- 03 - Domestic payments and their categories
- 04 - The six-party model for cross-border payments
2. Strategies to Understand How Cross-Border Payments Work
- 05 - Market infrastructures in different countries
- 06 - Correspondent banking and account relationships
- 07 - The SWIFT network and SWIFT standards
- 08 - Basics of foreign exchange markets
- 09 - Liquidity and foreign exchange markets
3. Cross-Border Payment Message Standards
- 10 - MT and MX ISO 20022 messages in cross-border payments
- 11 - Serial and cover payments
Conclusion
- 12 - Keeping up to date with cross-border payments