SWIFT Transfers

Course details

Objectives :

• Familiarize participants with the sense of incoming and outgoing transfers of various currencies and the conditions to be followed by the implementation of these transfers at the bank and the cases where the bank refuses to implement the orders.
• Definition of participants across the Central Bank of Jordan Swift Action on remittances Department, as well as payments to local Messaging System remittances system.
• To familiarize the participants with some circles compliance instructions regarding incoming and outgoing remittances as well as foreign issued checks drawn on and correspondents abroad.

Contents :

• The most important advantages of SWIFT system.
• Banking operations related directly linked Balsoevt (remittances, credits, bills of collection, foreign guarantees, treasury).
• The reasons for the establishment of a banking relationship with correspondent banks to carry out orders.
• Types of SWIFT messages briefly numbers of MT101 TO MT999.
• Money laundering and its relationship with remittances.
• Definition of transfer.
• Parties incoming and outgoing transfers.
• Types of transfers.
• The extent and limits of banks with regard to the commitment of the outgoing and incoming remittances.
• The difference between the transfers of inpiduals and remittances financial institutions (banks) MT103 + MT 202.
• The definition and concept of international bank account number of the applicable mandatory from the Central Bank of Jordan. IBAN NO.
• The advantages and benefits of the use of international bank account number.
• Operational procedures for the issuance of money orders and dealing with requests from customers.
• Cases of multiple process for the preparation of SWIFT message transfers.
• The abolition of the transfer.                                        
• Amendment of the transfer.
• Querying the correspondence and special coverage remittances to these banks through banks
• The Bankers Almanac