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This course discusses the benefits and processes for using Automated Clearing House (ACH), the electronic network for financial transactions, for making international payments. ACH is a reliable, cost effective and predictable alternative to the traditional wire or a check for payments to recipients and other companies in other countries.

We’ll cover:

  • What international ACH is, how it works, and the differences between U.S. and international ACH
  • Customer benefits
  • Different payment types, and the process flow
  • When to use international ACH versus wire methods

We will also discuss the International Payments Framework Association (IPFA) and how it offers a potential solution for doing international ACH. Finally, statistics and information on the NACHA IAT (International ACH Transaction) will be covered.

This course will help corporate finance and treasury managers understand the advantages of making some of their payments via international ACH.

Learning Objectives

  • Identify how your organization can save significant money by using international ACH for certain types of payments
  • Recognize elements of the International Payments Framework as a possible for solution for implementing international ACH
  • List the process flows for international ACH to understand the timing and how that impacts the payments being made

15 Reviews (41 ratings)Reviews

5
Anonymous Author
Very good background on International ACH; was not aware of the extent of it's activity nor of the added complexities which would be involved with these transactions. Good examples of uses and what to look out for when beginning this process
5
Member's Profile
Excellent coverage. Topic was fully covered in allotted time. Speaker did a superlative job in keeping an optimal pace in presenting the various aspects of International ACH.
5
Anonymous Author
A great approach to our daily work, how to cut off bank service fees and improve international transactions process
5
Member's Profile
Course provides a good understanding of the international ACH process, and differences from domestic ACH (US).
4
Member's Profile
Nice solid class on IAT. Good speaker and topic is well covered.
Anonymous Author
Great course. PDF is great for a review tool before final exam.
4
Anonymous Author
Good Coverage on topic. Easy to understand and follow.
5
Member's Profile
Great course for Global Cash Management Teams!
5
Member's Profile
Great course and content on International ACH
5
Member's Profile
nice summary, not too much jargon
3
Anonymous Author
i simply like the course
5
Anonymous Author
Good overview of IACH
5
Anonymous Author
Informative course
5
Member's Profile
Very informative.
4
Anonymous Author
great lecture

Prerequisites

Course Complexity: Advanced

Prerequisite: Previous experience in corporate finance

Advanced Preparation: None

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .

2 QuestionsCourse Questions and Answers

Member's Profile

How is the FX rate determined in a transaction, or batch of transactions that involve(s) FX conversion?

Member's Profile

Bill,

It is usually the sending bank that determines the FX rate. There may be some instances when other parties are involved (I believe in some cases the Fed uses a bank it selects to set the FX rate for banks utilizing their Global ACH service)....or in rare circumstances the receiving bank may set the rate. It most commonly is the sending bank that the corporate has a contract with to send transactions - rate based on customer profile, amount being sent etc.

Jane

Course Syllabus
INTRODUCTION AND OVERVIEW
Understanding International ACH
  15:48Why International ACH?
  10:36How ACH Works
  15:02The IPFA
CONCLUSION
  9:19International ACH Transactions
SUPPORTING MATERIALS
  PDFSlides: Understanding International ACH
  PDFUnderstanding International ACH Glossary/Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM