ComplianceOnline

Payments and Settlements Systems - RTGS, SWIFT, LVTS, CLS

Instructor: Stanley Epstein 
Product ID: 704719
  • Duration: 90 Min
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Read Frequently Asked Questions

This training program will focus on the entire payments and settlements process: beginning with the making of a payment and ending with the payment being received by the beneficiary and settled in a manner that makes it final and irrevocable.

Why Should You Attend:

This webinar will explore the nature of a payment and the many ways that these funds may be transmitted from the payer to the receiver, depending on the parties’ physical location and their requirements, as well as the settlement that occurs between the intermediaries handling the payment so as to ensure that the transaction cannot be legally challenged.

Areas Covered in the Webinar:

  • Payment systems
  • Real Time Gross Settlement (RTGS)
  • Large Value Transfer Systems (LVTS)
  • Deferred net settlement
  • Continued Linked Settlement (CLS)
  • SWIFT financial messaging
  • Correspondent banking

Who Will Benefit:

  • Staff from commercial banks
  • Staff from investment banks
  • Foreign exchange dealers and brokerage companies
  • Import/export brokers and agents
  • Stock transfer secretaries
  • Money managers
  • Commodity trading advisors
  • Pension and hedge funds
  • Bank/financial institution managers
  • Branch managers
  • Broker/dealer management
  • Compliance managers
  • Compliance analyst/investigators
  • Risk managers
  • Accountants
  • Due diligence departments or individuals
  • Finance officers and intermediaries
  • Operations and business staff at all levels involved in any aspect of payments (both domestic and foreign)
Instructor Profile:
Stanley Epstein

Stanley Epstein
Company Director & Principal Associate, Citadel Advantage

Stanley Epstein has a Master’s in Economics, which he earned with a dissertation on financial innovation, and a Bachelor’s in Accounting. He has had extensive experience in banking and IT specifically the operations, payments, RTGS and the operational risk aspects of banking in the UK, Europe, the USA, Australia and Southern Africa. His bank-operations, payments systems, operational risk, and clearing house experience is wide ranging and includes working closely with organizations such as UNCITRAL, Deutsche Bank and CHIPS in New York; APACS, British Bankers Association, CLS and Barclays Bank in London; Crédit Agricole in France; UBS and Credit Suisse in Switzerland, the central bank in the Netherlands; Alpha Bank in Greece; the central bank in Romania; the central bank in Kazakhstan; Bank Leumi and the central bank in Israel; the Standard Bank, Clearing Bankers Association; Bankserv and the central bank in South Africa and ANZ and Commonwealth Bank in Australia.

Commencing his career at the Standard Bank of South Africa he gained a thorough grounding in all aspects of banking ranging from the bank’s branch system, back-office payments processing. He was also closely involved in the development of electronic banking at the Standard Bank. At a banking industry level he was involved in the creation and development of STRATE (Central Securities Depository) in South Africa dealing with the dematerialization, clearing and settlement of all financial instruments in that country. He also served as Vice Chairman of the South African Clearing Bankers Association’s ERAG Group (an interbank payments/operations risk initiative established to identify and eliminate operational, legal and other risks in electronic payments) and later as Chairman of the Payments Association of South Africa Operational Risk Committee.

On leaving South Africa he joined Fundtech Corporation, a leading provider of financial technology based in the US.

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