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Understanding Wire Transfers and SWIFT Messages
Understanding Wire Transfers and SWIFT Messages
Training Activity Rate
Training activity Hours
Training activity Date
Training Activity Days
Start and End Time
16:30 - 20:00
Training Activity Classification
Support Operations
Course Language
In class
Type of Training
short courses
Deadline for registration
Price For Jordanian
112 JOD
Price For Non Jordanian
280 US$

By the end of this training course, trainee will be able to :

-     Briefly explain the importance of international transactions and the need for secure and efficient fund transfers.

-     Introduce the concept of wire transfers and mention their significance in global finance.

-     Define wire transfers and their purpose in transferring funds between banks and financial. institutions.

-     Highlight the key features of wire transfers, including speed, security, and cross-border capabilities.

-     Explain what SWIFT is and its role as a global messaging network for financial institutions.

-     Emphasize the significance of SWIFT in facilitating secure communication and settlement between banks.

Target Group

- Wire Transfer deptartment staff at banks.

- Wire Transfer deptartment staff at MSB.

- Any interested people to discover and learn more about wire transfer process at financial institutions.


- SWIFT Message Types:

- Introduce various types of SWIFT messages commonly used in wire transfers:

- MT103: Single Customer Credit Transfer.

- MT202: General Financial Institution Transfer.

- MT202COV: Cover Payment Message.

- MT210: Notice to Receive.

- Provide a brief description of each message type and its purpose in the wire transfer   process.

- Wire Transfer Process

- Describe the step-by-step process of initiating and completing a wire transfer:
- Customer initiates transfer request with sender bank.
- Sender bank sends MT103 message to correspondent bank.
- Correspondent bank forwards the message to receiver bank.
- Receiver bank credits funds to the beneficiary's account.
- Benefits of Wire Transfers and SWIFT Messages.

- Discuss the advantages of using wire transfers and SWIFT messages in global financial transactions:
- Speed: Rapid transfer of funds across borders.
- Security: Encrypted communication minimizes fraud risk.
- Transparency: Clear tracking of transaction status.
- Reliability: Established global network for messaging and settlement.

- Challenges and Considerations:

-  potential challenges with wire transfers and SWIFT messages.
- Fees: Discuss potential costs associated with wire transfers.
- Processing Time: Mention possible delays due to time zone differences.
- Compliance: Highlight the importance of adhering to regulatory requirements.

-     Case Study: Successful Wire Transfer Using SWIFT:
- Present a real-life example of a successful wire transfer facilitated by SWIFT    messages.
- Highlight how SWIFT messages ensured a smooth and secure transfer process.