SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Monitor daily cash positions and cash flows to ensure settlement and maximise performance 
SAQA US ID UNIT STANDARD TITLE
117762  Monitor daily cash positions and cash flows to ensure settlement and maximise performance 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for persons who conduct administrative functions in the middle and back office in an Asset Management environment.

A person credited with this Unit Standard will be able to:
  • Monitor expected daily cash flow transactions to ensure sufficient cash is available.
  • Perform administration for call and current accounts.
  • Operate cash management functionality using in-house system. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in:
  • Mathematical Literacy at NQF Level 4
  • Communication at NQF Level 4
  • Accountancy or Economics at NQF Level 5. 

  • UNIT STANDARD RANGE 
    The scope of this Unit Standard looks at various transaction types where learners are required to demonstrate competence in the cash processing of the following:
  • Investments
  • Dividends
  • Coupons
  • Trade Settlements
  • Contributions
  • Disinvestments
  • Margin Calls
  • Collateral
  • Expense payments 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Monitor expected daily cash flow transactions to ensure sufficient cash is available. 
    OUTCOME RANGE 
    Cash Management Concepts
  • Sweeping
  • Pooling
  • Aggregation
  • Overdrafts
  • Retro-dating 

  • ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Transactions that impact bank account balances are identified to determine cash liquidity. 

    ASSESSMENT CRITERION 2 
    Cash management concepts are explained as per company procedure. 

    ASSESSMENT CRITERION 3 
    Policy and regulation on overdraft is applied according to company procedure. 

    ASSESSMENT CRITERION 4 
    Liquidity reports are prepared to provide information to money market dealer for action as per defined company standard. 

    SPECIFIC OUTCOME 2 
    Perform administration for call and current accounts. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Authorisation and signing powers are defined in the cash management process as per defined company procedure. 

    ASSESSMENT CRITERION 2 
    Rules and regulations to open and close a bank account are applied as per defined company procedures. 

    ASSESSMENT CRITERION 3 
    Call and current account rates are maintained as per defined company procedure. 

    ASSESSMENT CRITERION 4 
    Confirmation of balances and accruals with counter party institutions are applied and discrepancies resolved as per defined company procedures. 

    SPECIFIC OUTCOME 3 
    Operate cash management functionality using in-house systems. 
    OUTCOME RANGE 
    In-house systems
  • Faxes
  • Proprietary Bank Systems
  • SWIFT
  • Company Asset Management System 

  • ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The Interface between the in-house system and the general ledger is explained as per in-house procedure. 

    ASSESSMENT CRITERION 2 
    Transaction types and the effects on cash management are identified and explained as per in-house procedure. 

    ASSESSMENT CRITERION 3 
    Transaction types are processed as per in-house procedure. 

    ASSESSMENT CRITERION 4 
    Reports produced for users are identified and explained as per in-house procedure. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • Any institution offering learning that will enable achievement of this Unit Standard or assessing this Unit Standard must be accredited as a provider with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The impact of all transactions from the point of inception of bank account,
  • Maintenance of interest rates
  • Reporting on account liquidity
  • Reconciliation of accruals. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO WORKING 
  • Work effectively with others to confirm balances and accruals with counter party institutions.
  • Work effectively with others as a member of a team in order to monitor the cash positions and administering of call accounts. 

  • UNIT STANDARD CCFO ORGANISING 
    Organize and manage oneself and one's activities responsibly and effectively so as to administer call accounts and process transaction types on in-house system. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information in order to monitor expected daily cash flow transactions to ensure sufficient cash is available. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively to confirm balances and accruals with counter party institutions, and generate liquidity reports for money market dealers. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, to operate the in-house cash management using in-house system. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    Supplementary information:

    Legal:
  • Authorised signatories and Power of Attorney.

    Terminology:

    Terminology relating to the Financial Markets can be found in "Who owns Whom's Dictionary of Stock Market Terms". ISBN 1-919850-04-X
  • Sweeping - Banks action of moving cash between accounts
  • Pooling - Unitised cash portfolio
  • Aggregation - Summation of individual accounts balances to earn current account interest rates.
  • Retro-dating - Previous day value 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  61589   National Certificate: Banking  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Chartall Business College 
    2. The Institute of Literacy Advancement 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.