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 administrative functions in the back office of a treasury 
SAQA US ID UNIT STANDARD TITLE
7100  Perform administrative functions in the back office of a treasury 
ORIGINATOR
SGB Banking and Micro Finance 
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 2  NQF Level 02  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 
This unit standard is intended for people who work in the back office of a treasury. Learners will be able to complete the confirmation, settlement, recording and accounting processes. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
People attempting this unit standard are required to apply other administration unit standards. 

UNIT STANDARD RANGE 
Range statements are not fully inclusive. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Complete confirmation process 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Details of deal are checked in accordance with company specified procedures in order for processing and authorisation to take place. 
ASSESSMENT CRITERION RANGE 
Details: signed off, within limits and cross references.
 

ASSESSMENT CRITERION 2 
2. Confirmation of all deals to take place with counter-parties prior to settlement as per company specified procedure. 
ASSESSMENT CRITERION RANGE 
Confirmation: dealing date, value date, reference number, type (foreign exchange, deposit taken/placed, asset bought/sold/repurchased/resale, loan made/repaid), currency/ies, principal amount, exchange interest rate/price, maturity, maturity value, name of counter-party and settlement instructions.
 

ASSESSMENT CRITERION 3 
3. Confirmation disputes are handled as per company procedures. 

SPECIFIC OUTCOME 2 
Complete settlement process 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Payment of deals are executed using the specified in-house procedures and systems. 
ASSESSMENT CRITERION RANGE 
Procedures and systems:- cheque, telex, magtape, electronic funds transfer (EFT) and Society for World-wide Interbank Financial Telecommunications (SWIFT).
 

ASSESSMENT CRITERION 2 
2. In-house security controls are adhered to as per company specified procedure. 

ASSESSMENT CRITERION 3 
3. Settlement disputes are handled as per company specified procedure. 

SPECIFIC OUTCOME 3 
Complete recording and accounting procedures 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Records are compiled timeously and accurately in line with accounting procedures in order to provide relevant and meaningful information. 

ASSESSMENT CRITERION 2 
2. Differentiation between different treasury transactions is clearly understood in terms of the accounting implications. 
ASSESSMENT CRITERION RANGE 
Transactions:- investment, trading and hedging, management positions and dealers positions.
 

ASSESSMENT CRITERION 3 
3. Applicable systems are used to enhance the quality of record keeping in accordance with the systems standard operating procedure. 
ASSESSMENT CRITERION RANGE 
Systems:- foreign exchange systems, money market systems, capital market systems, supplementary accounting and settlement systems, loan administering system, branch accounting system, Society for World-wide Interbank Telecommunications (SWIFT), electronic funds transfer system (EFT), Automated Clearing Bureau systems (ACB), telex and cable, facsimile, internal nostro reconciliation system, nostro enquiry system, word processing and spreadsheets and any specialist treasury specific systems.
 

ASSESSMENT CRITERION 4 
4. Suspected fraud and malpractice are recorded and reported as per company specified procedures. 

ASSESSMENT CRITERION 5 
5. Accounting functions are conducted timeously and according to generally accepted accounting principles (GAAP). 

ASSESSMENT CRITERION 6 
6. Disputes and enquiries are dealt with as per company specified procedures. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation process (including moderation):
  • Anyone assessing a learner against a 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 overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures.

    Therefore, anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution, which is accredited by the relevant ETQA. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The learner should have language skills, report writing skills and computation skills. 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner will identify and solve problems through responsible decision making when dealing with various disputes and enquiries and differentiating between different treasury transactions. 

    UNIT STANDARD CCFO WORKING 
    The learner will work effectively with others as a member of a team when dealing with various disputes and ensuring that all confirmations take place with counter-parties prior to settlement. 

    UNIT STANDARD CCFO ORGANISING 
    The learner will organise and manage him/herself and his/her activities responsibly and effectively when checking deals, paying the deals, compiling the account records, differentiating between the different treasury transactions and handling various disputes. 

    UNIT STANDARD CCFO COLLECTING 
    The learner will collect, organise and critically evaluate information when checking the deals, paying the deals, compiling the account records, differentiating between the different treasury transactions and handling various disputes. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner will communicate effectively when checking the deals, paying the deals, compiling the account records, differentiating between the different treasury transactions and handling various disputes. 

    UNIT STANDARD CCFO SCIENCE 
    The learner will display the ability to use science and technology effectively and critically when using the applicable systems to enhance the quality of record keeping. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner will demonstrate an understanding of the world as a set of related systems when handling disputes. 

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

    UNIT STANDARD NOTES 
    Terminology:

    GAAP
    Generally Accepted Accounting Practices

    Industry Jargon:

    The following jargon may be encountered when attempting this unit standard:

    ATM - At the Money
    Bear
    Broker
    Bull
    Call
    Close-out
    Cross Rate
    Dealer
    Discount
    Exercise
    Firm
    Forward
    Forward Forward
    Gamma
    Intrinsic Value
    ITM - In the Money
    Jobbing
    Long
    Margin
    Mine
    Open Position
    Option
    OTM - Out the Money
    Overnight
    Par
    Pip, or point
    Premium
    Put
    Rate of Exchange
    Short
    Spot
    Spot against Forward Position
    Spot against Forward Transaction
    Spot next
    Spot-next
    Spread
    Straddle
    Strangle
    Swap
    Time Value
    Tom-next
    Turn
    Value Date
    Vega
    Weak
    Yours 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20183   National Certificate: Banking  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2015-06-30  BANKSETA 


    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. Nedbank Ltd 



    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.