Cross Border Payments Systems and Management
INTRODUCTION
Globalization is driving corporations to transact more frequently across borders. Casual observation, as well as data from myriad public and private sources, confirms this. But consumers are also transacting more on a global basis—buying from foreign e-commerce sites; traveling, living, and working abroad. For the payments industry, the result is higher volumes of payments—in terms of both currency value and number of transactions. Interestingly, this is also leading to a consequent shift downwards in the average value of these payments.
Learning Outcomes
- Gain the practical knowledge of all key processes and concepts in international payments
- Learn about the various stages of low and high value payment process
- Understand the role and functioning of SWIFT and CLS
- Get to grips with foreign exchange and currency principles
- Explore the mechanisms in clearing and settlement
- Learn about liquidity management principles
- Gain the tools for managing all risks involved
- Understand the legal and regulatory frameworks
- Explore the current market trends and challenges
Its for Staff working in National Payment systems and Bank Supervision departments, Officers from central banks dealing with payment, clearing and settlement issues.