SAQA

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SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE:

Administer foreign exchange receipt and payment systems in an international trading company

SAQA US ID	UNIT STANDARD TITLE
11253	Administer foreign exchange receipt and payment systems in an international trading company
ORIGINATOR
SGB Procurement, Logistics and Supply Chain Mngt
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-
FIELD			SUBFIELD
Field 03 - Business, Commerce and Management Studies			Procurement
ABET BAND	UNIT STANDARD TYPE	PRE-2009 NQF LEVEL	NQF LEVEL	CREDITS
Undefined	Regular	Level 4	NQF Level 04	5
REGISTRATION STATUS		REGISTRATION START DATE	REGISTRATION END DATE	SAQA DECISION NUMBER
Passed the End Date - Status was "Reregistered"		2005-09-13	2007-11-28	SAQA 0160/05
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2008-11-28		2011-11-28

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 is replaced by:

US ID	Unit Standard Title	Pre-2009 NQF Level	NQF Level	Credits	Replacement Status
252265	Administer foreign exchange transactions in an international trading company	Level 4	NQF Level 04	5

PURPOSE OF THE UNIT STANDARD

This Unit Standard is intended for the individual who is employed in, or is contemplating employment in, a function that includes the payment of overseas creditors or receipt of export earnings.

Individuals who are credited with this Unit Standard will be able to apply a comprehension of foreign exchange concepts to the administration of the foreign exchange receipt and payment system in an international trading company.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

INTL 1 Perform International Purchasing Functions
FOR 3 Interpret and apply information contained in INCOTERMS

UNIT STANDARD RANGE

The specific outcomes as reflected in this unit standard are performed in a structured work context with minimal supervision, that allows for learners to operate under self-direction and take full responsibility for all expected outcomes.

Learners are expected to have access to the relevant regulations, guidelines etc?Learners, in performing the specific outcomes at the level expressed in this unit standard, are expected to generate a range of responses, a limited number of which are innovative, to well defined but often previously unencountered problems. Performance must be guided at all times by organisational processes, policies, procedures and systems, and accepted industry practice.

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

The learner must demonstrate the ability to consider a range of options.

OUTCOME NOTES

The learner must demonstrate the ability to consider a range of options, make decisions about and evidence performance around each of the specific outcomes.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Initiate forward exchange contracts.

ASSESSMENT CRITERION 2

2. Ensure that the organisation's international trading activities comply with the applicable reserve bank and other foreign exchange regulations.

ASSESSMENT CRITERION 3

3. Administer the buying and selling of foreign currencies in terms of the organisations international trading needs.

ASSESSMENT CRITERION 4

4. Verify foreign exchange conversions used for the purposes of supplier payment and the calculation of duty and other inpost liabilities.

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 must be accredited by the relevant ETQA.
3. Moderation of assessment will be done by the relevant ETQA at its discretion.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

ESSENTIAL EMBEDDED KNOWLEDGE:

The learners can understand, explain and apply:

1. The types of exchange rates : fixed and variable, spot and forward, buying and selling.
2. Carriers freight currencies
3. National currencies and their international codes.
4. The use of the US dollar and other major currencies in international trade.
5. Exchange rates applicable to international trade transactions and costings/ estimates (i.e. forwarders / carriers exchange rates, Customs exchange rates, company internal exchange rates).
6. The forward exchange contract mechanisms
7. Currency conversions : multiplications and divisions
8. The Reserve Bank regulations applicable to importers and exporters.
9. The role of SDR`s and ECU`s in international trade.

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO IDENTIFYING

1. Identify and solve problems in which responses display that responsible decisions, using critical thinking have been made, eg.
! Apply a knowledge and comprehension of foreign currencies to solving problems related to the determination of costs in international trade, payment of international creditors and recording of international payment receipts.

UNIT STANDARD CCFO WORKING

2. Work effectively with others as a member of a team, group, organisation or community,eg,
Appreciate that:
* since importing and exporting is practised in an international environment at the micro, meso and macro levels it operates in systems which are reliant on others and which address the processing of data,
* the processing systems approach as well as the productivity orientation of companies involved in international trade demands high levels of teamwork and the understanding, reaction and maintenance of team coherence and co- operation,
* the level of competency is largely dependent on the individual`s ability and capacity to operate effectively with peers, supervisors, internal and external customers.

UNIT STANDARD CCFO ORGANISING

3. Organise and manage oneself and one`s activities responsibly and effectively,eg,
! Prioritise and blend daily activities in such a way as to enable the working process to run effectively and efficiently.

UNIT STANDARD CCFO COLLECTING

4. Collect, analyse, organise and critically evaluate information,eg,
! Apply a knowledge and comprehension of the processes used in currency conversion and usage in a commercial environment.
! Collect and organise information received to arrive at rational decisions with regard to the administration of the international purchase of goods.

UNIT STANDARD CCFO COMMUNICATING

5. Communicate effectively using visual, mathematical, and/or language skills in the modes of written and/or oral presentation,eg,
! Identify from written material and verbal interaction the specific requirements and needs of the existing and potential clients, communicate the resulting outcome of each selection decision to the affected parties by written and oral persuasion.

UNIT STANDARD CCFO DEMONSTRATING

6. Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation,eg,
! Apply the principles and processes by which systems are integrated in the environment of international currencies and payments in the world of work.

UNIT STANDARD ASSESSOR CRITERIA

ASSESSMENT CRITERIA

A composite statement of outcomes which expresses applied competence in the particular component of practice

Outcomes will be judged by whether the learner can:

1. Explain the fundamental concepts of foreign exchange.
2. Apply a comprehension of the role of foreign exchange in international trade and of forex payment procedures to purchase and sale transactions within the parameters of company policy and Reserve Bank regulations.
3. Apply a comprehension of currency conversion and exchange rates to the verification of currency conversions on supplier and service provider documentation and the calculation of cost estimates involving international trade.

UNIT STANDARD NOTES

This unit standard has been replaced by unit standard 252265, which is "Administer foreign exchange transactions 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
Core	22443	National Certificate: Freight Forwarding	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2007-11-28	Was TETA until Last Date for Achievement
Elective	57901	Further Education and Training Certificate: Credit Management	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	FASSET
Elective	57806	Further Education and Training Certificate: Exports	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2016-12-31	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