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 a Floorplan facility and Inspections in an Asset Based Financing environment 
SAQA US ID UNIT STANDARD TITLE
12763  Administer a Floorplan facility and Inspections in an Asset Based Financing environment 
ORIGINATOR
SGB Banking and Micro Finance 
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 4  NQF Level 04 
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 
Persons credited with this Unit Standard are aware of the administrative responsibilities of running a floorplan facility and also of the risks relating to vehicle storage and sale. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
The learner must be able to recognise the different legal entities describe their contractual ability. The learner should aim to attain competence against Unit Standard ABF009, Adhere to the legal and statutory requirements pertaining to the Asset Based Financing environment, and against Unit Standard ABF010, Perform basic mathematical calculations in a banking environment. The learner should also be competent in communication and negotiation skills as well as customer service.Learners must be able to judge a vehicle's state and condition against stated criteria. 

UNIT STANDARD RANGE 
Administering a floorplan facility and arranging and carrying out vehicle inspections related to the facility. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Administer the ongoing floorplan facility. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.Vehicles are placed on the floorplan in accordance with the agreement and with company policy. 
ASSESSMENT CRITERION RANGE 
Availability of facility, physical vehicle presence, within type (new, used, demo, DPP), as per stated value and condition, validation of proof of sale and of payment, registration document and dealer's stock certificate).
 

ASSESSMENT CRITERION 2 
2.Payment for the vehicle is made to the relevant party. 
ASSESSMENT CRITERION RANGE 
Manufacturer, dealer or third party), inclusive of VAT where applicable, and in accordance with bank procedure per vehicle type.

New, used, demo, DPP.
 

ASSESSMENT CRITERION 3 
3.Vehicles are settled on resale according to company and system procedures. 

ASSESSMENT CRITERION 4 
4.The floorplan facility is reviewed and adjusted according to company policy and procedures. 

ASSESSMENT CRITERION 5 
5.Statutory and banking processes are monitored for correctness, accuracy and validity and adjusted if necessary. 

ASSESSMENT CRITERION 6 
6.A floorplan structure with terms and conditions is presented to the client. 
ASSESSMENT CRITERION RANGE 
Facility notification, proportion of New, Demo, Used and Delayed Payment Privilege vehicles, settlement arrangements, securities and securities documentation requirements, inspection requirements, and reporting requirements.
 

SPECIFIC OUTCOME 2 
Terminate the floorplan facility. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.Action is taken in accordance with the agreement and company policy when appropriate. 
ASSESSMENT CRITERION RANGE 
Repossession, legal action, and additional security request.
 

ASSESSMENT CRITERION 2 
2.The floor plan facility is terminated with appropriate action. 
ASSESSMENT CRITERION RANGE 
Default, on request.
No action necessary, claim, write off), based on criteria stated in the agreement and company policy.
 

ASSESSMENT CRITERION 3 
3.The client is notified according to company policy. 

SPECIFIC OUTCOME 3 
Conduct floorplan vehicle inspections. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.Inspection visits are scheduled according to bank requirements.
Regular visits, surprise visits and on third party request. 

ASSESSMENT CRITERION 2 
2.Vehicles currently on the floorplan and their values are identified by system printout. 

ASSESSMENT CRITERION 3 
3.Vehicles are verified by physical inspection. 
ASSESSMENT CRITERION RANGE 
Actual existence, condition, by type (new, used, demo, DPP), mileage, condition, value.
 

ASSESSMENT CRITERION 4 
4.Action is taken based on the outcome of the vehicle inspection, according to bank policy and procedures. 
ASSESSMENT CRITERION RANGE 
Dependant on vehicle presence or absence, condition, value, type and mileage.
 

ASSESSMENT CRITERION 5 
5.Outcome, explanations, actions and follow up to vehicle inspections are reported and administered in accordance with bank policy. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation for this Unit Standards shall be from the relevant education and Training Quality Assurer through formative and summative assessment by a registered Assessor. Assessment should be contextual and be conducted in the workplace as far as possible.

The relevant NSB and SGB should be notified of any feedback related to this qualification.
  • Assessors must be registered as an Assessor with the relevant ETQA.
  • Moderators must be registered as assessors with the relevant ETQA.
  • Training providers must be accredited by the relevant ETQA.
  • Moderation should include both internal and external moderation where applicable.
  • The relevant ETQA will co-ordinate all moderation activities in accordance with their policies and procedures. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Learners can explain the fundamentals of contractual capacity and other legal and statutory aspects relating to the asset based financing environment. They are also aware of relevant company policies and procedures and can apply them in the context of their work.
  • Learners have sufficient working knowledge of the company products to be able to advise clients of the best alternative, when required.
  • Learners must be aware of company policies relating to administering a floorplan and to vehicle inspections.
  • Learners must know how to communicate with and build relationships with customers.
  • Learners must be fluent in the use of the company technical system, including the Internet applications relevant to it. 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
  • The learner is able to identify and solve problems using critical and creative thinking processes when managing and administering the floorplan facility and when carrying out vehicle inspections. 

  • UNIT STANDARD CCFO COMMUNICATING 
  • The learner is able to communicate effectively using visual, mathematical and / or language skills in the modes of oral and / or written persuasion when interacting with clients, dealers or third parties. 

  • UNIT STANDARD CCFO SCIENCE 
  • The learner is able to use technology effectively and critically when administering the system related processes in floorplan management. 

  • REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
  • LEGAL REQUIREMENTS
  • Legal aspects of vehicle registration, transfer and ownership.
  • Statutory requirements relating to hire purchase and sale agreements.
  • Unit standard ABF009. 

  • 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.