International Electronic Payments Illustration

International Electronic Payments Illustration

Following Pat's introductory video on international payments, Pat now dives into further detail with some examples of international payments.
Overview

All international payments are made up of two components: the payments instruction, and the money. Accepting this tenet will assist in understanding all kinds of payments from the simple to complex cross border payments much better.

Key learning objectives:

  • Identify the different SWIFT formats

  • Explain the processes in each of the examples outlined below

  • What are the advantages of serial payments over direct and cover payments?

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Summary
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Expert
Pat Curran

Pat Curran

Pat ran the International Payments Operation of a major high street bank for over 7 years, but before that covered all the individual components relevant to Cross Border Payments including Liquidity Management, Reconciliations, SWIFT communications and Static Data management.

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