CCPI Cross-Border Payments, FEMA & International Banking Training Programme

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CENTRE FOR CROSS-BORDER PAYMENTS INNOVATION (CCPI) Cross-Border Payments, FEMA & International Banking

Comprehensive Professional Training Programme

Cross-border payments are undergoing a fundamental transformation.

Traditional correspondent banking, SWIFT messaging and Nostro-based settlement are increasingly being complemented by instant payment systems, payment interoperability, API-based connectivity, local currency settlement, CBDCs, stablecoins, tokenised deposits and programmable payment infrastructure.

At the same time, the regulatory foundation remains critical.

Every cross-border transaction continues to require a clear understanding of FEMA, RBI regulations, authorised dealer frameworks, KYC/AML requirements, sanctions screening, purpose codes, taxation, documentation, treasury processes and settlement arrangements.

CCPI's training programme brings these dimensions together into a practical and industry-oriented learning framework.

1. FEMA WITH PRACTICAL SCENARIOS AND DECISION TREES Participants learn how to approach a foreign exchange transaction from the perspective of:

Customer → Purpose → Eligibility → Documentation → Compliance → FX → Payment → Settlement → Reporting

The programme covers:

FEMA fundamentals
Current Account vs Capital Account
Resident vs Non-Resident
Permitted, restricted and prohibited transactions
Authorised Dealer framework
Practical FEMA decision trees
Real-world transaction scenarios
Common operational mistakes

Practical exercises

Participants work through examples involving:

Education
Medical treatment
Travel
Gifts
Family maintenance
Professional services
Imports
Export receipts
Business payments

2. RBI MASTER DIRECTIONS A practical review of the RBI regulatory framework applicable to:

AD Category-I Banks
AD Category-II entities
FFMCs
Remittance businesses
Money-changing businesses
Cross-border payment businesses

Coverage includes:

RBI Master Directions
Circulars and notifications
KYC/AML/CFT
Reporting requirements
Operational controls
Regulatory responsibilities
Internal compliance frameworks

The training focuses not only on what the regulation says, but also on how it should be implemented operationally.

3. FEDAI RULES & TREASURY PRACTICES Participants are introduced to practical foreign exchange market conventions, including:

Bid/Offer

Spread
Spot
Cash
Tom
Forward
Value dates
Card rates
Customer rates
Treasury margins
Cancellation
Rebooking
Forward contracts
Exchange-rate calculation

Treasury examples

Participants understand how a market rate becomes a customer rate and how treasury manages:

FX positions
Liquidity
Cover
Settlement
Nostro balances
Market risk

4. CURRENT ACCOUNT TRANSACTIONS UNDER FEMA Detailed practical coverage of current-account transactions, including:

Education
Medical
Travel
Business travel
Professional services
Consultancy
Software
Subscriptions
Gifts
Family maintenance
Trade-related payments

Participants learn how to identify:

Permitted → Restricted → Approval required → Prohibited

5. LRS & RESIDENT / NON-RESIDENT TRANSACTIONS The programme covers:

Liberalised Remittance Scheme
Resident individuals
Non-residents
NRO/NRE-related considerations
Current-account transactions
Capital-account transactions
Annual LRS framework
Documentation
Form A2
Tax considerations
Purpose codes

Practical case studies

Student remittance
Overseas investment
Medical treatment
Travel
Family maintenance
Gift
Foreign education
Professional certification

6. TRADE REMITTANCES – PRACTICAL WORKFLOW A dedicated module covering trade remittances, including transactions within a ₹25 lakh practical training scope.

The session covers:

Import of Goods

Purchase Order

↓

Invoice

↓

IEC / Importer Details

↓

KYC

↓

Purpose Code

↓

Sanctions Screening

↓

FX Deal

↓

Payment

↓

Correspondent Bank

↓

Beneficiary Bank

↓

Bill of Entry / Evidence

↓

Reconciliation

Import of Services

Coverage includes:

Agreement

Invoice
Service description
Beneficiary details
Purpose code
Tax considerations
Compliance checks

The training also explains advance payments, documentation gaps and common operational errors.

7. PURPOSE CODES Purpose codes are examined from both regulatory and operational perspectives.

Participants learn:

Purpose-code structure
Inward transactions
Outward transactions
Trade transactions
Services
Travel
Education
Medical
Gifts
Investments
Other financial transactions

Practical principle

The purpose code must reflect the actual economic substance of the transaction—not simply the code that appears most convenient.

Participants are encouraged to use the latest applicable RBI purpose-code list while processing transactions.

8. END-TO-END IMPORT & EXPORT PAYMENT LIFECYCLE The programme maps the entire transaction lifecycle.

Import Buyer

→ Supplier

→ Invoice

→ Bank

→ FX

→ Payment instruction

→ Correspondent

→ Beneficiary Bank

→ Supplier

→ Import evidence

→ Reconciliation

Export Exporter

→ Buyer

→ Shipment

→ Documentation

→ Payment

→ Correspondent Banking

→ Indian Bank

→ Exporter Account

→ Realisation

→ Reporting

Participants understand where delays, compliance issues, FX exposure and settlement risks arise.

9. SWIFT ARCHITECTURE & MESSAGE FLOW Participants learn:

What SWIFT is
What SWIFT is not
BIC
RMA
Correspondent banking
SWIFT messaging
Payment instructions
SWIFT gpi
Payment tracking
Settlement vs messaging

Practical payment flow

Customer

→ Remitting Bank

→ Nostro

→ Correspondent Bank

→ Intermediary Bank

→ Beneficiary Bank

→ Beneficiary

10. MT103 – FIELD-BY-FIELD A practical MT103 workshop covering:

:20: Transaction Reference
:23B: Bank Operation Code
:32A: Value Date / Currency / Amount

:33B: Instructed Amount
:50: Ordering Customer
:52: Ordering Institution
:53: Sender's Correspondent
:54: Receiver's Correspondent
:56: Intermediary
:57: Account With Institution
:59: Beneficiary
:70: Remittance Information
:71A: Charges

Participants learn to read an MT103 as an operational document rather than merely as a SWIFT message.

11. ISO 20022 & MX The programme explains the transition from traditional MT messaging toward ISO 20022.

Topics include:

MT vs MX
pacs.008
pacs.009
camt messages
Structured data
Richer payment information
Compliance screening
Reconciliation
Data quality
Automation
API integration

Key concept

Better data → Better screening → Better automation → Better reconciliation

12. CORRESPONDENT BANKING, NOSTRO & VOSTRO Participants understand:

Correspondent banking
Nostro

Vostro
Loro
Nostro funding
Liquidity management
Payment routing
Correspondent charges
Settlement risk
Reconciliation

Nostro reconciliation workshop

Participants work through:

Opening balance
Credits
Debits
Charges
Value dates
FX differences
Unidentified entries
Outstanding items
Returned payments

13. GLOBAL PAYMENT RAILS A comparative study of:

SWIFT
UPI
SEPA Instant
Faster Payments (FPS)
Fedwire
ACH
CHAPS
PIX
RTGS
Card networks

The programme explains:

Messaging

Payment Rail

Clearing

Settlement

Finality

14. VISA DIRECT & MASTERCARD MOVE Participants understand the evolution from traditional correspondent banking toward alternative cross- border money movement.

Topics include:

Push payments
Card-to-card transfers
Account payouts
Wallets
Remittances
Merchant payouts
Disbursements
Cross-border settlement

The session examines where card-based payment networks fit into the broader cross-border ecosystem.

15. CBDCs & DIGITAL RUPEE The programme introduces:

Central Bank Digital Currency
Retail CBDC
Wholesale CBDC
Digital Rupee
Programmability
Tokenised settlement
Cross-border CBDC experiments

International developments are examined alongside India's Digital Rupee programme.

16. STABLECOINS A practical introduction to:

Stablecoins
USDC
USDT
Fiat-backed digital assets
Reserve mechanisms
Redemption
Liquidity
Regulatory considerations

Treasury perspective

Potential use cases:

24×7 settlement
Cross-border transfers
Treasury liquidity
Supplier settlement
Digital asset ecosystem payments

Risks covered:

Regulatory
Counterparty
Reserve
Liquidity
AML
Sanctions
Cybersecurity
Operational risk

17. TOKENISED DEPOSITS & PROGRAMMABLE MONEY Participants learn the difference between:

CBDC

Tokenised Deposit

Stablecoin

The programme explores:

Commercial bank tokenised deposits
Programmable money
Smart contracts
Atomic settlement
Delivery-versus-payment
Payment-versus-payment
Wholesale settlement

18. LOCAL CURRENCY SETTLEMENT The programme examines the movement from:

INR → USD → Local Currency

towards:

INR → Local Currency

Potential benefits include:

Reduced intermediary layers
Lower FX conversion costs
Reduced USD liquidity dependence
Improved settlement efficiency
Bilateral trade facilitation

Currencies covered may include:

INR
AED
RUB
CNY
Other bilateral/local settlement currencies

19. G20 CROSS-BORDER PAYMENTS ROADMAP Participants examine the global objectives around:

Cost
Speed
Transparency
Access
Interoperability
Instant payments
ISO 20022
Payment system connectivity

The programme also discusses why achieving these objectives remains challenging despite significant infrastructure development.

20. AI IN AML, SANCTIONS & FRAUD The programme explores the emerging role of AI in:

Transaction monitoring
Sanctions screening
Name matching
Fraud detection
Behavioural analysis
Network analysis
Mule-account detection
Document verification
Transaction risk scoring

The training also addresses:

AI + Human Oversight

and why technology cannot replace regulatory accountability.

21. DIGITAL TRADE The programme covers the transition from paper-based trade to digital trade.

Topics include:

eUCP
Electronic Bills of Lading
Digital Letters of Credit
Digital invoices
Electronic documentation
Smart contracts
Trade finance platforms
Automated document verification

Future model

Digital Trade Document

Digital Compliance

Digital Payment

Digital Settlement

22. PRACTICAL CASE STUDIES CCPI's advanced programmes can include extensive case-study workshops covering:

1. Student remittance 2. Medical remittance 3. Business travel 4. Conference fee 5. Family maintenance 6. Gift 7. Import of goods 8. Import of services 9. Advance import payment 10. Software subscription 11. Professional services 12. Export receipt 13. Wrong purpose code 14. Sanctions alert

15. Returned SWIFT payment 16. Nostro reconciliation break 17. MT103 investigation 18. FPS payment 19. SEPA Instant payment 20. UPI cross-border payment 21. Stablecoin settlement 22. CBDC settlement 23. Local currency settlement 24. Tokenised deposit settlement 25. AI-based fraud detection

23. QUIZZES, SIMULATIONS & WORKSHOPS CCPI's detailed programmes can include interactive exercises such as:

FEMA Decision Exercise

Participants determine whether a transaction is:

Permitted / Restricted / Approval Required / Prohibited

Purpose-Code Exercise

Participants identify the appropriate purpose category based on the underlying transaction.

MT103 Exercise

Participants identify:

Ordering customer
Beneficiary
Intermediary
Currency
Amount
Charges
Payment reference

Nostro Exercise

Participants reconcile a simulated bank statement against the internal treasury ledger.

Payment-Rail Exercise

Participants determine the most appropriate payment rail for:

UK GBP payment
EUR payment
US high-value payment
India domestic payment
Brazil instant payment
Cross-border card payout

WHO CAN BENEFIT FROM CCPI TRAINING? The programmes can be customised for:

Banks
AD Category-I Banks
AD Category-II entities
FFMCs
Fintechs
Payment companies
Remittance companies
PSPs
Corporate treasury teams
Exporters and importers
Trade finance teams
Compliance teams
Treasury professionals
Operations teams
Technology teams working on payment infrastructure
Senior management and strategy teams

CUSTOMISED TRAINING CCPI does not follow a one-size-fits-all approach.

Training can be customised based on the participant's:

Business model
Regulatory status
Product portfolio
Transaction volumes
Geographic corridors

Payment rails
Treasury structure
Technology architecture
Compliance framework

Sessions can be designed for:

Foundation Level

For business, operations and new banking professionals.

Intermediate Level

For treasury, forex, payments and compliance teams.

Advanced Level

For senior treasury professionals, payment specialists, fintech leaders and banking management.

Executive Level

Strategic overview for CXOs, board members and senior management focusing on the future of cross- border payments.

TRAINING FORMAT CCPI programmes can be delivered through:

Online instructor-led sessions
In-person workshops
Half-day programmes
Full-day programmes
Multi-day masterclasses
Modular training programmes
Executive briefings
Bespoke institutional programmes

Training can combine:

Concepts + Regulations + Case Studies + Simulations + Practical Workflows + Industry Trends

CONTACT CCPI FOR DETAILED TRAINING The topics outlined above represent an overview of the CCPI Cross-Border Payments & International Banking training framework.

Each topic can be developed into a detailed standalone training module, with practical examples, transaction workflows, regulatory references, case studies, exercises and interactive discussions.

For institutions seeking a more extensive programme covering FEMA, RBI regulations, treasury, foreign exchange, correspondent banking, SWIFT, payment rails, UPI, instant payments, CBDCs, stablecoins, tokenisation and the future of cross-border payments, CCPI can design a customised training programme based on the organisation's specific requirements.

For detailed and customised training programmes:

Centre for Cross-Border Payments Innovation (CCPI)

Cross-Border Payments | Treasury | Forex | Regulation | Payment Innovation

Contact CCPI to discuss your organisation's training requirements and develop a customised programme for your team.

CCPI – Understanding Today's Payments. Building Tomorrow's Financial Infrastructure.

CCPI note: This article is published for professional education, research and industry discussion. Specific regulatory, legal, tax, product and transaction requirements remain subject to applicable law and the latest official instructions or institutional terms.