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 THAT HAS PASSED THE END DATE: 

Operate systems to accommodate the defined situations within a trading environment 
SAQA US ID UNIT STANDARD TITLE
117809  Operate systems to accommodate the defined situations within a trading environment 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
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 4  NQF Level 04  18 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Registered" 
2004-08-11  2007-08-11  SAQA 0355/04 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2008-08-11   2011-08-11  

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 learners working in the FOREX section of a financial institution.

Persons credited with this Unit Standard are able to:
  • Apply appropriate trading platforms
  • Utilise specific information systems
  • Execute and monitor foreign exchange transactions
  • Manage system risks 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the learner is competent in communication and Mathematical Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Apply appropriate trading platforms. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A trading platform is identified and accessed as per system operating procedures 

    ASSESSMENT CRITERION 2 
    The ability to select and manoeuvre through the various screens is demonstrated according to system operating procedures 

    ASSESSMENT CRITERION 3 
    Data is manipulated according to platform parameters 

    ASSESSMENT CRITERION 4 
    Fundamental and technical data is accessed and analysed according to the types of currencies being traded 

    SPECIFIC OUTCOME 2 
    Utilise specific information systems. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Appropriate systems are identified according to research and operational requirements 

    ASSESSMENT CRITERION 2 
    Terms and conditions of trades are captured correctly as per system specific requirements 

    ASSESSMENT CRITERION 3 
    Price forecasting and trading tactics are identified and analysed according to the types of currencies being traded 

    ASSESSMENT CRITERION 4 
    Desired outcomes are understood, applied and integrated into system outputs 

    SPECIFIC OUTCOME 3 
    Execute and monitor foreign exchange transactions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Buying and selling opportunities are identified according to the types of currencies being traded 

    ASSESSMENT CRITERION 2 
    Buying and selling opportunities of the various types of currencies are executed using extracted information and applications as per the system operating procedures 

    ASSESSMENT CRITERION 3 
    The Buying and selling of various types of currencies are monitored via the trading platform 

    ASSESSMENT CRITERION 4 
    All authorisation and recording requirements are captured on the trading platform 

    SPECIFIC OUTCOME 4 
    Manage system risks. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    System logistics are monitored and maintained on an ongoing basis 

    ASSESSMENT CRITERION 2 
    System problems are identified and analysed where relevant 

    ASSESSMENT CRITERION 3 
    Contingency plans are designed to alleviate problems when systems are not operating to full capacity 

    ASSESSMENT CRITERION 4 
    Trends and developments in respect of system changes are monitored and upgrades are implemented where relevant 


    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 terminology relating to the Foreign exchange markets and instruments in respect of currency language
  • The relevant trading platforms for buying and selling currencies
  • System tools and operating procedures
  • The basic principles of computer based market research
  • Trade terms and conditions
  • Currency buying and selling techniques as per system outputs
  • The basic theories of fundamental analysis as per system outputs
  • The basic theories of technical analysis as per system outputs 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner will be able to identify and solve problems and display responsible decision-making by using computer based trading platforms and support tools 

    UNIT STANDARD CCFO COLLECTING 
    The learner will be able to collect, organise and critically evaluate information via the system to establish a comprehensive understanding of the foreign exchange markets and apply the relevant information when operating the trading platform 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner will be able to communicate effectively using visual, mathematical and language skills in oral and written form to track and research foreign markets 

    UNIT STANDARD CCFO SCIENCE 
    The learner will be able to use technology effectively and critically in analysing information pertaining to systems in order to ensure that contingency plans are in place 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner will be able to demonstrate an understanding of the world as a set of related systems and recognise that problem-solving contexts pertaining to the operating systems and platforms for trading need to be integrated for effective trading initiations 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    UNIT STANDARD NOTES 
    Supplementary information:

    Legal:

    The use of tasks and materials in the learning event plan must be done in the context of:
  • The FAIS (Financial Advisory Intermediary Services) Bill
  • The Financial Services Association
  • The Reserve Bank rules and regulations for exchange control
  • The Financial Markets Control Act

    Terminology:

    An understanding of terminology for foreign trading is required
    Refer to Who Owns Whom's Dictionary of Stock Market Terms 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20185   Further Education and Training Certificate: Banking  Level 4  NQF Level 04  Reregistered  2023-06-30  BANKSETA 


    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. Bidvest Bank 
    3. Chartall Business College 
    4. Cornerstone Performance Solutions (Pty) Ltd 
    5. Felix Risk Training Consultants 
    6. Firstrand Bank - Benmore 
    7. Nedbank Ltd 
    8. The Facilitation Workshop 



    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.