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: 

Manage trade confirmation and settlement processes 
SAQA US ID UNIT STANDARD TITLE
117785  Manage trade confirmation and settlement processes 
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:
  • Understanding and interpret trade details.
  • Match details of the trade on the system
  • Effect settlement of transactions. 

  • 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 scope of this Unit Standard covers various trade types in both domestic and international markets, whereby learners will need to show competence in the following trade types:
  • Equities
  • Bonds
  • Money Market
  • Derivatives
  • Unit Trust Transactions
  • Takeovers and Disinvestments
  • Alternative Investments. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Understand and interpret trade details. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Trade details are identified as per instrument. 

    ASSESSMENT CRITERION 2 
    Trade detail information is verified with the confirmation from counter-party. 

    ASSESSMENT CRITERION 3 
    Trade details and types are explained as per the defined trade sheet. 

    ASSESSMENT CRITERION 4 
    Settlement process of the related instrument is applied in accordance with the market and company procedures. 

    ASSESSMENT CRITERION 5 
    Costs involved are calculated as per the trade requirements. 

    SPECIFIC OUTCOME 2 
    Match details of the trade on the system. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Different matching requirements are identified per related instrument. 

    ASSESSMENT CRITERION 2 
    Process flow of matching trade cycle is explained per instrument type. 

    ASSESSMENT CRITERION 3 
    Electronic and manual matching is explained per instrument type. 

    ASSESSMENT CRITERION 4 
    Matching process is conducted and system updated as per defined matching procedure. 

    ASSESSMENT CRITERION 5 
    Matching discrepancies are identified and resolved within market practice and company procedures. 

    SPECIFIC OUTCOME 3 
    Effect settlement of transactions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Methods of notification and effecting settlement are explained as per the company defined settlement procedure. 

    ASSESSMENT CRITERION 2 
    Settlement instructions per investment instrument types are applied as per market practice (including FOREX for international trades) and company procedure. 

    ASSESSMENT CRITERION 3 
    Deadlines or time frames for effecting settlement are identified and applied per instrument type. 

    ASSESSMENT CRITERION 4 
    Settlement problems are identified and resolved within market practice and company procedures. 

    ASSESSMENT CRITERION 5 
    System is updated once settlement has taken place 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 
  • The settlement process within the specified parameters.
  • How trade deals are put together.
  • Investment instrument types 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems using critical and creative thinking processes that may affect the settlement process. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, to gather sufficient information to determine the trade details. 

    UNIT STANDARD CCFO ORGANISING 
    Organize and manage oneself and one's activities responsibly and effectively by planning what information is required upfront to match the trade. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information that is required to effect the settlement. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively with relevant parties to verify trade details. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively in order to effect the settlement. 

    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 

    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.