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: 

Explain Client requirements and Products that satisfy them 
SAQA US ID UNIT STANDARD TITLE
117778  Explain Client requirements and Products that satisfy them 
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 
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 client base targeted, versus products on offer.
  • Explain the purpose and content of the client investment mandate including the investment guidelines.
  • Explain the development of new products to meet client needs. 

  • 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

    The Unit Standards entitled,
  • "Define the mechanics, and role-players of trade cycles".
  • "Demonstrate an understanding of the Investment Process".
  • "Demonstrate an understanding of structure and mechanisms of Financial Markets."
  • "Provide background knowledge of related acts and regulations". 

  • UNIT STANDARD RANGE 
    The context of this Unit Standard covers different products such as:
  • Segregated
  • Pooled (Institutional and Retail)
  • Specialised 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain client base targeted, versus products on offer. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Clients within target markets and relevant products are defined within the financial industry and company-related product range. 

    ASSESSMENT CRITERION 2 
    The mechanics of Pooled Funds as a product offering are explained as per the defined market and company product specification. 

    ASSESSMENT CRITERION 3 
    The mechanics of Segregated Funds are explained for Discretionary & Non-discretionary mandates. 

    SPECIFIC OUTCOME 2 
    Explain the purpose and content of the client investment mandate including the investment guidelines. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The content and implications of the client investment mandate are explained as prescribed by the FSB. 

    ASSESSMENT CRITERION 2 
    The investment guidelines are applied as per the client's specified requirements. 

    ASSESSMENT CRITERION 3 
    The application of the product specification is explained for the defined product range 

    SPECIFIC OUTCOME 3 
    Explain the development of new products to meet client needs. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Role players and drivers that create the need for new product development are defined as per company specification. 
    ASSESSMENT CRITERION RANGE 
    Drivers
  • Internal (Internal Strategy)
  • External or market (Including Clients)
  • Regulatory
     

  • ASSESSMENT CRITERION 2 
    The process for assessing a suitable product to match client needs, is explained as per the set out company procedure. 

    ASSESSMENT CRITERION 3 
    The importance of the product pricing (fee) and how it is determined, is explained as per the set out 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 
  • The various investment products on offer by the company.
  • The role players and related processes in product development 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others in order to determine the products needed for development to meet client needs 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information, in order to identify which products are suitable for the identified client needs. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively with others to gather relevant data relating to products required to meet identified client needs. 

    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:
    The following legal documents need to be taken into consideration whiles completing this Unit Standard:
  • Regulation 28
  • Financial Markets Control Act
  • Regulation 34

    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
  • FSB - Financial Services Board 

  • 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. Bidvest Bank 
    3. Cornerstone Performance Solutions (Pty) Ltd 
    4. Full Value Financial Services (Pty) Ltd 
    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.