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: 

Ensure the quality of South African legal tender 
SAQA US ID UNIT STANDARD TITLE
7292  Ensure the quality of South African legal tender 
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 5  Level TBA: Pre-2009 was L5  16 
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 manage the quality of South African legal tender by providing guidelines and procedures for the processing of currency. People accredited with this unit standard are able to procure currency processing equipment; manage the maintenance of currency processing equipment and decommission redundant equipment. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Grade twelve, administrative experience. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Manage the quality of South African legal tender. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Guidelines regarding sort-level criteria are provided for and monitored. 

ASSESSMENT CRITERION 2 
2. All deviations are reported and necessary adjustments and corrections are followed up. 

ASSESSMENT CRITERION 3 
3. All amendments to quality requirements are researched and directed to relevant role players. 

ASSESSMENT CRITERION 4 
4. Maintain procedures relative to sustaining a clean note policy. 
ASSESSMENT CRITERION RANGE 
Includes but is not limited to deposit and withdrawal facilities, machine requirements, resource and cost requirements.
 

ASSESSMENT CRITERION 5 
5. Complaints are responded to in the appropriate manner. 

ASSESSMENT CRITERION 6 
6. Standard quality of bank note is consistent throughout the country. 

SPECIFIC OUTCOME 2 
Procure currency note processing machines and peripheral equipment. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Relevant source research is conducted continuously in accordance to Bank policy and requirements. 
ASSESSMENT CRITERION RANGE 
Research includes but is not limited to methodology, environmental, ergonomic and technological developments.
 

ASSESSMENT CRITERION 2 
2. A recommendation is documented and forwarded as a decision making document. 
ASSESSMENT CRITERION RANGE 
Includes but is not limited to type of equipment, location of equipment, training of operators, acceptance testing including factory acceptance test and sight acceptance test, commissioning and site preparation.
 

ASSESSMENT CRITERION 3 
3. Negotiations are initiated once the relevant approvals are obtained. 

ASSESSMENT CRITERION 4 
4. Acquisition procedures comply with Bank procurement policy. 

ASSESSMENT CRITERION 5 
5. The terms of the contract are agreed upon and documented according to the Bank's standard format. 
ASSESSMENT CRITERION RANGE 
Includes but is not limited to type and function of equipment, location of equipment, training of operators, acceptance testing including factory acceptance test and sight acceptance test, commissioning and site preparation.
 

ASSESSMENT CRITERION 6 
6. Payment takes place in terms of agreement requirements and the Bank's policy requirements. 
ASSESSMENT CRITERION RANGE 
Payment terms include but are not limited to exchange rates - past and present, local and foreign institutions, budgetary deviations and methods of payment.
 

SPECIFIC OUTCOME 3 
Manage the maintenance of currency processing equipment. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Maintenance policy and guidelines are established, revised and communicated to relevant role players. 
ASSESSMENT CRITERION RANGE 
Branches and suppliers.
 

ASSESSMENT CRITERION 2 
2. The terms of maintenance agreements are negotiated. 
ASSESSMENT CRITERION RANGE 
Includes but is not limited to downtime, routine maintenance, preventative maintenance, penalties, repeatability, availability criteria and spare parts availability.
 

ASSESSMENT CRITERION 3 
3. Deviations are monitored, analysed, interpreted and reported. 
ASSESSMENT CRITERION RANGE 
Operational, technical and financial.
 

ASSESSMENT CRITERION 4 
4. Relevant remedial action is recommended. 

ASSESSMENT CRITERION 5 
5. Maintenance management remains within budget and resource constraints. 

SPECIFIC OUTCOME 4 
Decommission redundant equipment. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The condition of the equipment is determined and reported on by relevant experts. 
ASSESSMENT CRITERION RANGE 
Condition includes mechanical, electronic, technological, cost and downtime.
 

ASSESSMENT CRITERION 2 
2. All authorisation procedures are complied with. 

ASSESSMENT CRITERION 3 
3. All terms and conditions of the original purchase agreements are complied with. 

ASSESSMENT CRITERION 4 
4. Bank-specific hardware and software are removed prior to sale. 

ASSESSMENT CRITERION 5 
5. All administration and financial procedures are finalised in terms of Bank-specific policies. 

SPECIFIC OUTCOME 5 
Provide guidelines and procedures for the processing of currency. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Relevant research is sourced nationally and internationally. 

ASSESSMENT CRITERION 2 
2. The relevant information is tested in practice and customised to suit Bank-specific requirements. 

ASSESSMENT CRITERION 3 
3. Consultations with relevant role players are conducted throughout the research phase. 

ASSESSMENT CRITERION 4 
4. All relevant findings are translated into standing instructions and operations manuals. 

ASSESSMENT CRITERION 5 
5. Approved documentation is distributed to relevant role players. 

ASSESSMENT CRITERION 6 
6. Reviews and updates are consistently performed. 

ASSESSMENT CRITERION 7 
7. Documentation is finalised and communicated within given deadlines. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
1. Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
2. 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.
3. 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 
Administrative skills, technical aptitude.
Project management, analytical and communication skills.
Negotiation skills.
Writing skills. 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO IDENTIFYING 
The learner is able to identify and solve problems when sort level criteria and guidelines are provided on the quality of the South African legal tender. 

UNIT STANDARD CCFO WORKING 
The learner is able to work effectively with others when negotiating maintenance agreements with suppliers. 

UNIT STANDARD CCFO ORGANISING 
The learner is able to organise and manage his/her own activities to allow that processing machines and peripheral equipment are available to role players. 

UNIT STANDARD CCFO COLLECTING 
The learner is able to collect, organise and evaluate information on the conditions of the redundant equipment and to research information on guidelines and procedures for the processing of currency. 

UNIT STANDARD CCFO COMMUNICATING 
The learner is able to communicate effectively, verbally and in writing, to role players when:
  • Providing guidelines on sort level criteria;
  • Negotiating contracts on processing machines, peripheral equipment and maintenance agreements. 

  • UNIT STANDARD CCFO SCIENCE 
    The learner is able to use technology effectively when removing hardware and software from redundant equipment. 

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

    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. Nedbank Ltd 
    3. 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.