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: 

Perform mathematical and statistical calculations relevant to the financial markets 
SAQA US ID UNIT STANDARD TITLE
12882  Perform mathematical and statistical calculations relevant to the financial markets 
ORIGINATOR
SGB HET Accountancy and Financial Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA 
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 6  Level TBA: Pre-2009 was L6  15 
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 
Persons credited with this Unit Standard are able to perform basic mathematical and statistical calculations relevant to the financial markets. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is assumed that the learner has achieved competence against unit standards Math 4001, Math 4001A, Math 4001B, Math 4002C, and Math 4004 in addition to having achieved mathematics at Grade 12 level, and is able to apply the use of a financial calculator. 

UNIT STANDARD RANGE 
"The Financial Markets Instruments" include:
  • Equity instruments such as Preference Shares and Ordinary Shares
  • Long term Debt instruments such as Bonds
  • Derivative products such as Futures and Options in currency, commodity, interest rates, bond and equity markets
  • Currency instruments such as FRA's (Future rate Agreements), Repos and Swaps
  • Money Market products such as Treasury Bills, Certificates of Deposit, Bills of Exchange, Banker's acceptances
  • Commodities
  • Warrants
  • Convertibles

    "Statistical techniques" include:
  • Probability theory and distributions
  • Sampling theory
  • Regression and correlation analysis
  • Time series analyses and forecasts
  • Multivariate techniques 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Perform basic interest rate calculations 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Simple interest rates on different day bases are calculated. 

    ASSESSMENT CRITERION 2 
    2. The present and future value of money is calculated in a variety of circumstances. 

    ASSESSMENT CRITERION 3 
    3. Broken dates are calculated through interpolations. 

    SPECIFIC OUTCOME 2 
    Perform calculations based on the time value of money 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Discounting and compounding calculations are performed. 

    ASSESSMENT CRITERION 2 
    2. Discounts, interest rates and yields are converted to one another. 

    ASSESSMENT CRITERION 3 
    3. The value of future cash flows is linked to the yield curve. 

    ASSESSMENT CRITERION 4 
    4. The impact of forward interest rates on the yield curve is calculated. 

    SPECIFIC OUTCOME 3 
    Calculate yields on financial markets instruments 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The yield on various financial markets instruments is calculated. 

    ASSESSMENT CRITERION 2 
    2. Yield curves are constructed and interpreted. 

    ASSESSMENT CRITERION 3 
    3. True yield and discount to yield are calculated. 

    SPECIFIC OUTCOME 4 
    Apply basic statistical models to decision making in the financial markets 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The most appropriate statistical methods for the data to be analysed is selected. 

    ASSESSMENT CRITERION 2 
    2. The assumptions relevant to the selected method are verified as relevant. 

    ASSESSMENT CRITERION 3 
    3. The results obtained from the analyses are consolidated in terms of the objective of the analysis. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Accreditation and moderation:

    Accreditation for this Unit Standard shall be from the relevant Education and Training Quality Assurer through formative and summative assessment by a registered Assessor. Assessment should be contextual and be conducted in the workplace as far as possible.

    The relevant NSB and SGB should be notified of any feedback related to this qualification.
  • Assessors must be registered as an Assessor with the relevant ETQA
  • Moderators must be registered as assessors with the relevant ETQA
  • Training providers must be accredited by the relevant ETQA
  • Moderation should include both internal and external moderation where applicable
  • The relevant ETQA will co-ordinate all moderation activities in accordance with their policies and procedures 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    A demonstrated understanding of:

    The terminology relating to the Financial Markets and instruments 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems using critical thinking processes. For example the correct mathematical approach to a particular problem must be selected through critical evaluation of the problem. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information. For example the correct mathematical or statistical approach to a particular problem must be selected through carefully evaluating the available information. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using mathematical and / or language skills in the modes of oral and / or written persuasion. For example mathematical skills are essential in the analysis of numerical data, and communication skills are essential to effectively present such analysis. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically. For example, mathematical and statistical calculations can be carried out with speed and efficiency through the use of computer technology. 

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

    UNIT STANDARD NOTES 
    Terminology:

    Terminology relating to the Financial Markets can be found in "Who owns Whom's Dictionary of Stock Market Terms" published by Who owns Whom/PSG Online in 2001. ISBN 1-919850-04-X.

    Values:

    The use of tasks and materials in the learning event plan should not discriminate against learners on any grounds proscribed in the Bill of Rights and should promote the orientations outlined in the critical cross-field outcomes.

    Domain:

    Financial Markets 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Fundamental  50481   National Certificate: Financial Markets and Instruments  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  BANKSETA 
    Fundamental  23653   National Diploma: Financial Markets  Level 6  NQF Level 06  Reregistered  2023-06-30  FASSET 
    Elective  63711   Bachelor of Geographical Information Science (GISc)  Level 7  NQF Level 07  Passed the End Date -
    Status was "Reregistered" 
    2018-06-30   


    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. DC Dali Debt Counsellors 
    3. Edu Invest Education Tuition (PTY) LTD 
    4. Felix Risk Training Consultants 
    5. Full Value Financial Services (Pty) Ltd 
    6. Nedbank Ltd 
    7. Octopus Training Solutions 
    8. RMK Industries(Pty) LTD 
    9. The Academy of Financial Markets 
    10. The Facilitation Workshop 



    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.