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: |
Perform mathematical and statistical calculations relevant to the financial markets |
SAQA US ID | UNIT STANDARD TITLE | |||
12882 | Perform mathematical and statistical calculations relevant to the financial markets | |||
ORIGINATOR | ||||
SGB HET Accountancy and Financial Management | ||||
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | ||||
FASSET - Financial and Accounting Services SETA | ||||
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 6 | Level TBA: Pre-2009 was L6 | 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 |
Persons credited with this Unit Standard are able to perform basic mathematical and statistical calculations relevant to the financial markets. |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
It is assumed that the learner has achieved competence against unit standards Math 4001, Math 4001A, Math 4001B, Math 4002C, and Math 4004 in addition to having achieved mathematics at Grade 12 level, and is able to apply the use of a financial calculator. |
UNIT STANDARD RANGE |
"The Financial Markets Instruments" include:
"Statistical techniques" include: |
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Perform basic interest rate calculations |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. Simple interest rates on different day bases are calculated. |
ASSESSMENT CRITERION 2 |
2. The present and future value of money is calculated in a variety of circumstances. |
ASSESSMENT CRITERION 3 |
3. Broken dates are calculated through interpolations. |
SPECIFIC OUTCOME 2 |
Perform calculations based on the time value of money |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. Discounting and compounding calculations are performed. |
ASSESSMENT CRITERION 2 |
2. Discounts, interest rates and yields are converted to one another. |
ASSESSMENT CRITERION 3 |
3. The value of future cash flows is linked to the yield curve. |
ASSESSMENT CRITERION 4 |
4. The impact of forward interest rates on the yield curve is calculated. |
SPECIFIC OUTCOME 3 |
Calculate yields on financial markets instruments |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. The yield on various financial markets instruments is calculated. |
ASSESSMENT CRITERION 2 |
2. Yield curves are constructed and interpreted. |
ASSESSMENT CRITERION 3 |
3. True yield and discount to yield are calculated. |
SPECIFIC OUTCOME 4 |
Apply basic statistical models to decision making in the financial markets |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. The most appropriate statistical methods for the data to be analysed is selected. |
ASSESSMENT CRITERION 2 |
2. The assumptions relevant to the selected method are verified as relevant. |
ASSESSMENT CRITERION 3 |
3. The results obtained from the analyses are consolidated in terms of the objective of the analysis. |
UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
Accreditation and moderation:
Accreditation for this Unit Standard 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. |
UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE |
A demonstrated understanding of:
The terminology relating to the Financial Markets and instruments |
Critical Cross-field Outcomes (CCFO): |
UNIT STANDARD CCFO IDENTIFYING |
Identify and solve problems using critical thinking processes. For example the correct mathematical approach to a particular problem must be selected through critical evaluation of the problem. |
UNIT STANDARD CCFO COLLECTING |
Collect, analyse, organise and critically evaluate information. For example the correct mathematical or statistical approach to a particular problem must be selected through carefully evaluating the available information. |
UNIT STANDARD CCFO COMMUNICATING |
Communicate effectively using mathematical and / or language skills in the modes of oral and / or written persuasion. For example mathematical skills are essential in the analysis of numerical data, and communication skills are essential to effectively present such analysis. |
UNIT STANDARD CCFO SCIENCE |
Use science and technology effectively and critically. For example, mathematical and statistical calculations can be carried out with speed and efficiency through the use of computer technology. |
REREGISTRATION HISTORY |
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. |
UNIT STANDARD NOTES |
Terminology:
Terminology relating to the Financial Markets can be found in "Who owns Whom's Dictionary of Stock Market Terms" published by Who owns Whom/PSG Online in 2001. ISBN 1-919850-04-X. Values: The use of tasks and materials in the learning event plan should not discriminate against learners on any grounds proscribed in the Bill of Rights and should promote the orientations outlined in the critical cross-field outcomes. Domain: Financial Markets |
QUALIFICATIONS UTILISING THIS UNIT STANDARD: |
ID | QUALIFICATION TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | STATUS | END DATE | PRIMARY OR DELEGATED QA FUNCTIONARY | |
Fundamental | 50481 | National Certificate: Financial Markets and Instruments | Level 6 | Level TBA: Pre-2009 was L6 | Reregistered | 2023-06-30 | BANKSETA |
Fundamental | 23653 | National Diploma: Financial Markets | Level 6 | NQF Level 06 | Passed the End Date - Status was "Reregistered" |
2020-07-30 | FASSET |
Elective | 63711 | Bachelor of Geographical Information Science (GISc) | Level 7 | NQF Level 07 | Passed the End Date - Status was "Reregistered" |
2018-06-30 |
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. | Azania Currency and Equity Markets |
2. | Chartall Business College |
3. | Felix Risk Training Consultants |
4. | Firstrand Bank - Benmore |
5. | Full Value Financial Services (Pty) Ltd |
6. | Maharishi Invincibility Institute NPC |
7. | Nedbank Ltd |
8. | Octopus Training Solutions |
9. | The Academy of Financial Markets |
10. | The Facilitation Workshop |
11. | The Institute of Literacy Advancement |
12. | UCS Education and Training Services (Pty) Ltd |
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. |