Level:
Introductory/Intermediate
Audience: Banks and
Corporates
Description: This is
a one-day course designed to provide participants with a more detailed
knowledge of settlement and clearing systems. It can be customized
to cover areas of the world that are not the home territory for
participants
Agenda:
1.
Settlement and Clearing Systems
Net settlement
Real time gross settlement
Real time net settlement
Hybrid systems
Continuous Linked Settlement (CLS)
Class exercise
2.
The UK Domestic Clearing System
APACS
BACS
NewCHAPS
Check clearing
Check truncation
Team exercise: Build the diagrams
UK currency clearing
Comparison of systems
3.
The US Clearing System
US banking environment
Fedwire
CHIPS
ACH
Check collection
Class exercise: Human chain
Comparison of systems
Specialized vehicles
Lockboxes
Zero balance accounts
Controlled disbursement accounts
4.
Characteristics of Banking Systems that Impact Cash Management
Banking system characteristics
Country specific factors
5.
International Banking Systems
Correspondent banking
Role of SWIFT
BICS and IBANs
How money moves across borders
Paper
Electronically
Network clearing
Direct clearing
6.
European Clearing systems
Impact of the EMU and euro
Team exercise: Implications for cash management
Target 1 and Target 2
Team exercise: Build the diagram
Other European clearing systems
- EURO1
- RTGS plus
- STEP1, STEP2, STEP3
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