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: 

Assess and finalise credit application for a corporate, club, association or trust in a banking environment 
SAQA US ID UNIT STANDARD TITLE
7343  Assess and finalise credit application for a corporate, club, association or trust in a banking environment 
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  50 
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 will be required to apply the principles and processes relating to the granting or dealing of credit when assessing and finalising a credit decision for a corporate, club, association or trust. Persons credited with this unit standard will be able to assess the credit application and documentation, analyse the application, finalise the credit decision and monitor the credit risk. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Persons attempting this unit standard should have completed unit standards CS001 - CS003 and unit standards RM010 - RM013. They should also have an understanding of certain accounting concepts, understand the relationship that exists between risk and return. 

UNIT STANDARD RANGE 
Corporate relates to companies, CC's. 

UNIT STANDARD OUTCOME HEADER 
Assess credit application and relevant documentati 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Assess credit application and relevant documentation for credit approval 
OUTCOME NOTES 
1.1 A credit application and relevant documentation is received with a request to finalise the credit decision as per company specific requirements.

1.2 The credit application and relevant documentation is assessed as per company specific guidelines.

1.3 The contractual capacity of the customer is assessed to ensure that he/she can legally contract.

1.4 Proof of various credit checks are obtained to ensure the credit worthiness of the customer. 
OUTCOME RANGE 
Range Statements

Corporate relates to companies, CC's.

Assessment Criteria 1.2: Assessed includes but is not limited to correct completion of customer details on application form.

Assessment Criteria 1.4: Credit checks include but are not limited to previous banking history, previous/current accounts held, credit bureau information.

Assessment Criteria 2.1: Analysis of financial information includes but is not limited to balance sheet, income statement, cash flow statement, budgets.

Assessment Criteria 2.2: Micro-environment analysis includes but is not limited to competencies of individuals in the business, sector is involved in product specific risk.

Assessment Criteria 2.3: Micro-environment analysis includes but is not limited to political, economical, physical, social, technological and international .

Assessment Criteria 2.6: Security includes but is not limited to variable security, fixed value, desirable security.

Assessment Criteria 2.7: Purpose includes but is not limited to profitability, desirability.

Assessment Criteria 2.8: Principles of risk include but are not limited to cash flow surpluses, net asset
position, availability of tangible security .

Assessment Criteria 4.2: Management reports include but are not limited to excess reports, arrears, highest and lowest figures to establish hard core.

Assessment Criteria 4.4: Returns include but are not limited to refer to drawer cheques, not provided for payments. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
Assess credit application and relevant documentation for credit approval 
ASSESSMENT CRITERION NOTES 
1.1 A credit application and relevant documentation is received with a request to finalise the credit decision as per company specific requirements.

1.2 The credit application and relevant documentation is assessed as per company specific guidelines.

1.3 The contractual capacity of the customer is assessed to ensure that he/she can legally contract.

1.4 Proof of various credit checks are obtained to ensure the credit worthiness of the customer. 
ASSESSMENT CRITERION RANGE 
Range Statements

Corporate relates to companies, CC's.

Assessment Criteria 1.2: Assessed includes but is not limited to correct completion of customer details on application form.

Assessment Criteria 1.4: Credit checks include but are not limited to previous banking history, previous/current accounts held, credit bureau information.

Assessment Criteria 2.1: Analysis of financial information includes but is not limited to balance sheet, income statement, cash flow statement, budgets.

Assessment Criteria 2.2: Micro-environment analysis includes but is not limited to competencies of individuals in the business, sector is involved in product specific risk.

Assessment Criteria 2.3: Micro-environment analysis includes but is not limited to political, economical, physical, social, technological and international .

Assessment Criteria 2.6: Security includes but is not limited to variable security, fixed value, desirable security.

Assessment Criteria 2.7: Purpose includes but is not limited to profitability, desirability.

Assessment Criteria 2.8: Principles of risk include but are not limited to cash flow surpluses, net asset
position, availability of tangible security .

Assessment Criteria 4.2: Management reports include but are not limited to excess reports, arrears, highest and lowest figures to establish hard core.

Assessment Criteria 4.4: Returns include but are not limited to refer to drawer cheques, not provided for payments.
 

SPECIFIC OUTCOME 2 
Analyse credit application for approval. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. An analysis of the customer's financial information is conducted to establish solvency, liquidity and repayment ability. 
ASSESSMENT CRITERION RANGE 
Analysis of financial information includes but is not limited to balance sheet, income statement, cash flow statement, budgets.
 

ASSESSMENT CRITERION 2 
2. An analysis of the customer's business micro-environment is conducted to establish potential business specific risks. 
ASSESSMENT CRITERION RANGE 
Micro-environment analysis includes but is not limited to competencies of individuals in the business, sector is involved in product specific risk.
 

ASSESSMENT CRITERION 3 
3. An analysis of the customer's business micro-environment is conducted to establish potential business specific risks. 
ASSESSMENT CRITERION RANGE 
Micro-environment analysis includes but is not limited to political, economical, physical, social, technological and international.
 

ASSESSMENT CRITERION 4 
4. All non-qualifying customers are identified and the originator of the documentation and application is advised of the outcome as per company specific requirements. 

ASSESSMENT CRITERION 5 
5. The customers needs are correctly matched with the relevant products as per company specific requirements. 

ASSESSMENT CRITERION 6 
6. Security offered by the customer is analysed in relation to the credit facility required. 
ASSESSMENT CRITERION RANGE 
Security includes but is not limited to variable security, fixed value, desirable security.
 

ASSESSMENT CRITERION 7 
7. The purpose of the credit application is analysed to measure the risk associated with the credit facility. 
ASSESSMENT CRITERION RANGE 
Purpose includes but is not limited to profitability, desirability.
 

ASSESSMENT CRITERION 8 
8. The principles of risk return in pricing the customer's borrowings are applied as per company specific guidelines. 
ASSESSMENT CRITERION RANGE 
Principles of risk include but are not limited to cash flow surpluses, net asset position, availability of tangible security.
 

SPECIFIC OUTCOME 3 
Finalise credit decision. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. A decision based on the analysed information is concluded as per company specific requirements. 

ASSESSMENT CRITERION 2 
2. The decision is documented and includes any security to be requested, convenance to be maintained and any other specific conditions as per company specific guidelines. 

ASSESSMENT CRITERION 3 
3. The initial relationship party is informed of the decision status as per company specific requirements. 

ASSESSMENT CRITERION 4 
4. Proof of all requested security documentation correctly obtained from the customer is evidenced as per company specific requirements. 

SPECIFIC OUTCOME 4 
Monitor, review and manage the credit risk. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Accounts are regularly reviewed to identify possible risks as per company specific guidelines. 

ASSESSMENT CRITERION 2 
2. Credit risk management reports are regularly and accurately followed-up as per company specific requirements. 
ASSESSMENT CRITERION RANGE 
Management reports include but are not limited to excess reports, arrears, highest and lowest figures to establish hard core.
 

ASSESSMENT CRITERION 3 
3. All account files are updated with any changes of customer information when applicable as per company specific requirements. 

ASSESSMENT CRITERION 4 
4. All returns on customer are monitored and action taken as per company specific requirements. 
ASSESSMENT CRITERION RANGE 
Returns include but are not limited to refer to drawer cheques, not provided for payments.
 

ASSESSMENT CRITERION 5 
5. Action is taken on all communications received relating to changes on security documentation if applicable as per company specific requirements. 


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 
  • Have knowledge of the Credit Ethic and Policy
  • Have knowledge and understanding of the Usury Act
  • Have knowledge and understanding of the Company Credit Risk Policy 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems when analysing credit risk applications ensuring all possible areas of risk are identified and analysed before taking a decision on the granting or declining of credit. 

    UNIT STANDARD CCFO WORKING 
    The learner is able to work effectively with others when analysing the customer's business micro-environment, ensuring all relevant internal and external parties are approached. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, analyse, organise and critically evaluate information when monitoring, reviewing and managing the credit risks, ensuring decisions taken are based on complete and accurate information. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively both verbally and in writing when informing the initial relationship party of the credit decision so that all information is clear and complete. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use science and technology effectively when forwarding reports electronically, ensuring complete and accurate information with regard to minimising credit risks is available on systems. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to understand the relationship between the credit ethic and policy of the bank and sound business decisions on credit risk. 

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

    UNIT STANDARD NOTES 
    Legal Requirements:

    Relevant legislation 

    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. Absa Learning & Development 
    2. Chartall Business College 
    3. Culhane Consulting 
    4. Felix Risk Training Consultants 
    5. Nedbank Ltd 
    6. OnTrack Learning Solutions CC 
    7. Plumb Line Risk Alignment 
    8. Standard Bank Personal and Business Banking 
    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.