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: 

Administer foreign exchange transactions in an international trading company 
SAQA US ID UNIT STANDARD TITLE
252265  Administer foreign exchange transactions in an international trading company 
ORIGINATOR
SGB Transport and Logistics Operations 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Transport, Operations and Logistics 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04 
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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
11253  Administer foreign exchange receipt and payment systems in an international trading company  Level 4  NQF Level 04  Complete 

PURPOSE OF THE UNIT STANDARD 
The learner credited with this unit standard is able to apply a comprehension of foreign exchange concepts to the administration of the foreign exchange receipt and payment systems in an international trading company.

The qualifying learner is capable of:
  • Verifying foreign exchange transactions.
  • Carrying out foreign exchange receipt and payment procedures.
  • Reporting on foreign exchange transactions. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this qualification will be assumed competent in:
  • Communication at NQF Level 3 or equivalent.
  • Mathematical Literacy at NQF Level 3 or equivalent. 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Verify foreign exchange transactions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Supplier's documentation is checked for correctness of foreign exchange elements and compliance to relevant exchange control regulations. 
    ASSESSMENT CRITERION RANGE 
  • Suppliers documentation may include but is not limited to letters of credit, commercial invoices, freight statements, customs declarations, transport documents, ammeters.
  • Foreign exchange elements may include but are not restricted to foreign currency, exchange rate exchange rate dates.
     

  • ASSESSMENT CRITERION 2 
    Foreign exchange payment of goods and services are examined for compliance with company systems and procedures and compliance with relevant exchange control regulations. 

    ASSESSMENT CRITERION 3 
    Consequences of non compliance with procedures and exchange control regulations are explained in the context of international trade. 

    SPECIFIC OUTCOME 2 
    Carry out foreign exchange receipt and payment procedures. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Foreign exchange risk management procedures are performed in order to minimise exposure to possible exchange rate fluctuation. 
    ASSESSMENT CRITERION RANGE 
    Foreign exchange risk management procedures may include but are not limited to monitoring of exchange rate fluctuations, initiating and managing forward exchange contracts.
     

    ASSESSMENT CRITERION 2 
    Foreign exchange payment receipts are converted and accounted for in terms of generally accepted accounting practices (GAAP). 

    ASSESSMENT CRITERION 3 
    Payment methods are selected in terms of the nature of the transaction being conducted. 
    ASSESSMENT CRITERION RANGE 
    Payment methods may include but are not limited to electronic banking, telegraphic transfers, bank draft, cash.
     

    ASSESSMENT CRITERION 4 
    Payment documentation is prepared in terms of the payment method selected. 

    ASSESSMENT CRITERION 5 
    Payment is initiated in terms of authorisation limits. 

    ASSESSMENT CRITERION 6 
    Consequences of failing to carry out foreign exchange payment and receipt procedures are explained in terms of impact on the organisation. 

    SPECIFIC OUTCOME 3 
    Report on foreign exchange transactions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Reports are compiled and submitted on the organisation's foreign exchange receipts and payments. 

    ASSESSMENT CRITERION 2 
    Reports are compiled and submitted on the organisation's foreign exchange risk exposure in terms of the management thereof. 

    ASSESSMENT CRITERION 3 
    Recommendations are made regarding improvements to the organisations foreign exchange administration procedures. 


    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.
  • Anyone assessing a learner against this unit standard must be registered as an assessor 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.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Types of exchange rates: Fixed and variable, spot and forward and buying and selling.
  • Carriers freight currencies.
  • National currencies and their international codes.
  • Exchange rates applicable to international trade transactions and costings/estimates.
  • The forward exchange contract mechanisms.
  • Currency Conversions: Multiplications and divisions. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems pertaining to the administering of foreign exchange transactions in international trade organisations. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as organisations involved in international trade demands high levels of teamwork and team coherence and co-operation. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information in order to apply a knowledge and comprehension of the processes used in currency conversion and usage in a commercial environment and to use it to arrive at rational decisions with regard to the administration of the international purchase of goods. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively the resulting outcomes of each foreign transaction. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to administer foreign exchange transactions. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems where the application of the principles and processes by which systems are integrated in the environment of international currencies and payments. 

    UNIT STANDARD CCFO CONTRIBUTING 
    In order to contribute to the full personal development of each learner and the social and economic development of society at large, it must be the intention underlying any programme of learning to make an individual aware of the importance of:
  • Being culturally and aesthetically sensitive across a range of social contexts when dealing with people in various countries. 

  • 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 
    This unit standard replaces unit standard 11253, "Administer foreign exchange receipt and payment systems in an international trading company", Level 4, 5 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  59298   Further Education and Training Certificate: Freight Forwarding and Customs Compliance  Level 4  NQF Level 04  Reregistered  2023-06-30  TETA 


    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. Aldabri 106 Institute for Quality Pty Ltd 
    2. Global Maritime Legal Solutions Pty Ltd 
    3. Learning Exchange Pty Ltd 
    4. Robertsons Cargo Consultancy (Pty) Ltd 
    5. School of Shipping 



    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.