SWIFT MX Messages - Focus on CBPR+ Structured Data Elements

Navigate the Future of Payments: Mastering ISO 20022 Structured Data

Part 3 of 3: Deep Dive into Structured Data Elements for ISO 20022 CBPR+ Migration

This course provides a comprehensive guide to the critical role of structured data in the upcoming ISO 20022 CBPR+ SWIFT MX message migration. With many payment systems actively implementing and mandating structured data, understanding these elements is no longer optional – it's essential. We'll break down the complexities into manageable steps, ensuring you're well-prepared for the transition.

What You'll Gain:

• CBPR+ Scope & Upcoming Changes: Understand the current state of CBPR+ adoption and the latest deadlines for message migration to ISO 20022.
• Detailed Understanding of Hybrid Postal Address: Master the structure and rules of the Hybrid Postal Address, a key element in the new standard.
• Structured Remittance Information: Learn how to effectively utilize Structured Remittance Information for both basic and advanced applications.
• Regulatory Reporting: Gain insights into Regulatory Reporting requirements, including structure and population methods, with practical examples.
• Purpose Code & Category Purpose: Understand the purpose of Purpose Codes and Category Purpose and how to correctly populate them.
• Legal Entity Identifier (LEI): Learn about LEI – its structure, database, and importance in MX messages.
• Ultimate Parties: Identify ultimate parties correctly and understand the implications of incorrect declarations.

Who Should Take This Course?

• Business Analysts in the payments domain
• Consultants specializing in payment systems
• Aspiring professionals in the payments industry

Course Content:

• CBPR+ Scope and Upcoming Changes:
  • CBPR+ Adoption Status: A current overview of CBPR+ implementation.
  • Upcoming Changes: Stay ahead of the curve with the latest ISO 20022 updates.
  • Latest Scope and Deadlines: Understand the migration deadlines for messages to ISO 20022.
  • Key Structured/Enhanced Data Elements: A focused look at the most important data fields.
• Hybrid Postal Address:
  • Postal Address Mandate: Review the history and challenges of the postal address mandate.
  • Hybrid Postal Address Structure: Learn the structure and rules of the Hybrid Postal Address.
  • Implementation Timeline: Understand the timeline for Hybrid Postal Address implementation.
  • Fields and Messages Affected: Identify the specific fields and messages impacted by the new address format.
  • Mapping Schemes: Explore different mapping schemes for hybrid addresses (MX to MT).
• Structured Remittance Information:
  • Importance of Structured Remittance: Understand the benefits of using Structured Remittance Information.
  • Basic & Advanced Use Cases: Explore both fundamental and advanced applications of Structured Remittance.
• Regulatory Reporting:
  • What is Regulatory Reporting? Understand the purpose and application of Regulatory Reporting.
  • Structure of Regulatory Reporting: Learn how to structure Regulatory Reporting data.
  • Populating Regulatory Reporting: Practical guidance on how to populate Regulatory Reporting fields.
  • Examples: Real-world examples of Regulatory Reporting usage on debit and credit sides, and combining multiple reportings.
• Purpose of Payment:
  • Purpose Code: Understand the Purpose Code and how to populate it.
  • Examples: Practical examples of using Purpose of Payment and combining it with Regulatory Reporting.
• Category Purpose:
  • Category Purpose: Learn about Category Purpose and how to populate it.
  • Examples: Practical examples of using Category Purpose.
  • Recap: Regulatory Reporting, Purpose, and Category Purpose: Review the similarities and differences.
• Case Study: Future of Structured Data
  • Fully Structured PACS.008: A look at how a fully structured PACS.008 message will appear.
• Legal Entity Identifier (LEI):
  • What is LEI? An introduction to the Legal Entity Identifier.
  • LEI Structure & Importance: Understand the structure and importance of LEI in MX messages.
  • **Ultimate