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 the functionality of Investment Administration systems 
SAQA US ID UNIT STANDARD TITLE
117782  Explain the functionality of Investment Administration systems 
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  15 
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:
  • Define the functionality of the applicable administration systems and the usage of each.
  • Explain the various levels of access control and authorisation procedures to the applicable systems.
  • Define the flow of information between the various systems applicable to the environment.
  • Explain the information available from the various systems. 

  • 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 Standard entitled, "Explain the structure and mechanics of Financial Markets" 

  • UNIT STANDARD RANGE 
    The context of this Unit Standard looks at various types of administration systems used within an asset management environment. The various systems include but are not limited to Middleware, Swift, Faxes, Proprietary banking systems, Recon systems, Price feed systems, Investment Administration System, Investment Reporting Systems, BATS, SAFEX ATS. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Define the functionality of the applicable administration systems and the usage of each. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The functionality of different systems is described as per company procedure. 

    ASSESSMENT CRITERION 2 
    The use of different systems is identified as per company procedure. 

    ASSESSMENT CRITERION 3 
    The role of the related systems is explained within the trade cycle 

    SPECIFIC OUTCOME 2 
    Explain the various levels of access control and authorisation procedures to the applicable systems. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Access levels are defined as per set access procedures. 

    ASSESSMENT CRITERION 2 
    The authorisation process is defined as per set procedures. 

    ASSESSMENT CRITERION 3 
    Control procedures relating to access levels are defined as per set company procedures. 

    SPECIFIC OUTCOME 3 
    Explain the flow of information between the various systems applicable to the environment 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Information flow is explained as per the defined trade cycle. 

    ASSESSMENT CRITERION 2 
    Types of information that flow between systems is identified as per the defined trade cycle. 

    ASSESSMENT CRITERION 3 
    Process flow is identified between various related systems affected within the defined trade cycle. 

    SPECIFIC OUTCOME 4 
    Demonstrate an understanding of the information available from the various systems. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Outputs requirements from systems are identified as they relate to the trade cycle. 

    ASSESSMENT CRITERION 2 
    Information required is linked to the appropriate system as set out in the user guidelines. 

    ASSESSMENT CRITERION 3 
    Information is identified that is generated by various systems. 


    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 
  • Levels of access on systems.
  • Flow of information between various systems.
  • The information the system can provide and generate to meet client needs
  • The functionality of administration systems.
  • Source and type information that the systems generate. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO ORGANISING 
    Organize and manage oneself and one's activities responsibly and effectively by planning how information is to be extracted form the admin system and in which format that will satisfy the customer's needs. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information by using all available opportunities to gather the required information. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively to manage the information within the system. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems where information that is required is not only dependant on one system but also multiple systems. 

    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:

    Terminology relating to the Financial Markets can be found in "Who owns Whom's Dictionary of Stock Market Terms". ISBN 1-919850-04-X.
  • BATS - Bond Exchange Confirmation System
  • SAFEX ATS - South African Futures Exchange Automated Trading System. 

  • 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.