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: 

Define the mechanics and participants of the different trade cycles for all investment instrument types 
SAQA US ID UNIT STANDARD TITLE
117758  Define the mechanics and participants of the different trade cycles for all investment instrument types 
ORIGINATOR
SGB Insurance and Investment 
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 persons who conduct administrative functions in the middle and back office in an Asset Management environment.

A person credited with this Unit Standard will be able to:
  • Explain the various financial instruments types.
  • Identify who the various participants are and the respective roles each plays in the trade cycle.
  • Demonstrate an understanding of trade cycles in the different markets for the different instruments. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in:
  • Mathematical Literacy at NQF Level 4
  • Communication at NQF level 4 

  • UNIT STANDARD RANGE 
    The scope of this Unit Standard covers Instruments and any Entitlements associated with the Instruments associated to the trade cycles (domestic and international) such as:
  • Equity
  • Money Markets
  • Bonds
  • Derivatives
  • Hedge Funds
  • Unit Trust Investments 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the various financial instruments. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Different characteristics of financial instruments are explained in the context of the market(s) in which they trade. 

    ASSESSMENT CRITERION 2 
    Queries are resolved in accordance with the market practices in which the instrument trades. 

    ASSESSMENT CRITERION 3 
    Financial instruments are correctly recorded in the investment system as per defined company procedure. 

    SPECIFIC OUTCOME 2 
    Identify who the various role players/participants are and the respective roles each plays in the trade cycle. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Participants are correctly identified and placed in the trade cycle. 

    ASSESSMENT CRITERION 2 
    The role of each participant is identified within the different trade cycles. 

    ASSESSMENT CRITERION 3 
    The relationship between each participant is defined in the context of the relevant trade cycle. 

    ASSESSMENT CRITERION 4 
    Functions of each participant are defined in the context of the relevant trade cycle. 

    SPECIFIC OUTCOME 3 
    Explain trade cycles in the different markets and for the different instruments. 
    OUTCOME RANGE 
    Different markets include Primary markets, Secondary markets, and Entitlements 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Process for executing orders is explained per instrument. 

    ASSESSMENT CRITERION 2 
    Confirmation and settlement procedures are explained for various instruments within the defined trade cycle. 

    ASSESSMENT CRITERION 3 
    Root causes of settlement problems are understood and resolved within industry deadlines. 

    ASSESSMENT CRITERION 4 
    Terminology used in the different trade cycles is explained as per industry standard. 


    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,or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding 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 or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The different roles players.
  • The different financial instruments.
  • The trade cycle 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate various financial instruments relating to the markets. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, to define the trade cycles within the different market types. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems identifying different role players and the role each plays in the trade cycle 

    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 
    Supplementary information:

    Terminology:

    Mechanics relating to the Financial Markets can be found in "Who owns Whom's Dictionary of Stock Market Terms". ISBN 1-919850-04-X. 

    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. African Bank Ltd 
    2. The Facilitation Workshop 
    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.