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: 

Administer and manage scrip lending in terms of client mandates 
SAQA US ID UNIT STANDARD TITLE
117766  Administer and manage scrip lending in terms of client mandates 
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  12 
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:
  • Demonstrate an understanding of the concept of scrip lending, and who the key players in the market are.
  • Process all scrip lending transactions.
  • Manage mark to market of collateral.
  • Collect manufactured dividends/income and other entitlements.
  • Perform fee collections. 

  • 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
  • Accountancy or Economics at NQF Level 5. 

  • UNIT STANDARD RANGE 
    The scope of this Unit Standard covers scrip lending across all market sectors, income management, collateral management and fee collection. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrate an understanding of the concept of scrip lending, and who the key players in the market are. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Legislation affecting scrip lending is explained at conceptual level within the SA markets. 

    ASSESSMENT CRITERION 2 
    Operational risks and associated impacts with regards to scrip lending are identified per market practice 

    ASSESSMENT CRITERION 3 
    Rationale for scrip lending is explained as defined by the company and client mandate. 

    ASSESSMENT CRITERION 4 
    Scrip lending process and key role players are identified as per market practice. 

    ASSESSMENT CRITERION 5 
    Scrip lending agreement types and the associated risks of each type are explained as per market practice 

    SPECIFIC OUTCOME 2 
    Process all scrip lending transactions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Scrip lending system is updated as per in-house procedure 

    ASSESSMENT CRITERION 2 
    Settlement instructions are processed in accordance with the contract with counter-party and market practice. 

    ASSESSMENT CRITERION 3 
    Loan positions are verified with counter-parties as per agreed procedure. 

    SPECIFIC OUTCOME 3 
    Manage mark to market of collateral. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concept of and different types of collateral are explained as per market practice. 

    ASSESSMENT CRITERION 2 
    Risks and impact associated with each collateral type is explained as per market practice. 

    ASSESSMENT CRITERION 3 
    Collateral mark to market calculations are performed as per industry practice. 

    ASSESSMENT CRITERION 4 
    Top up transactions are concluded to effect collateral requirements as per contract. 

    SPECIFIC OUTCOME 4 
    Collect manufactured dividends/income and other entitlements. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concept Manufactured dividend is defined as per market practice. 

    ASSESSMENT CRITERION 2 
    Risk, impact and tax consequences of manufactured dividends are identified as per market practice and company guidelines. 

    ASSESSMENT CRITERION 3 
    Entitlements are listed and impacts they have on holdings and collateral are explained as per market practice and company guidelines. 

    ASSESSMENT CRITERION 4 
    Manufactured dividends and entitlements are processed on in-house system as per in-house procedure. 

    SPECIFIC OUTCOME 5 
    Perform fee collections. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Fee rate and method of calculation are identified as per contract. 

    ASSESSMENT CRITERION 2 
    Calculation is performed and invoice generated as per the contract terms. 

    ASSESSMENT CRITERION 3 
    Fee is collected and reconciled as per defined company procedure. 


    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 
    Scrip lending administration. 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems relating to the administration and management of scrip lending. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, to verify loan positions with counter-parties. 

    UNIT STANDARD CCFO ORGANISING 
    Organize and manage oneself and one's activities responsibly and effectively in order to manage and administer the scrip lending process effectively. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information to determine the risks associated to scrip lending and how these risks can be minimised. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using mathematical and language skills to verify loan positions with counter-parties. 

    UNIT STANDARD CCFO SCIENCE 
    Use technology effectively to perform fee calculations; to update the scrip lending system and the process manufactured dividends on in-house system. 

    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:

    Legal:
  • Tax Legislation
  • UST Regulation

    Terminology:

    Terminology 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. Absa Learning & Development 
    2. African Bank Ltd 
    3. Chartall Business College 
    4. Plumb Line Risk Alignment 
    5. The Facilitation Workshop 
    6. 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.