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: 

Offer equitable deals to clients based on up-to-date knowledge of the structure, functioning and status of the relevant financial market 
SAQA US ID UNIT STANDARD TITLE
12895  Offer equitable deals to clients based on up-to-date knowledge of the structure, functioning and status of the relevant financial market 
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 
This unit standard is intended for people who work or intend to work in the Financial Markets sector.

Persons accredited with this unit standard will be able to offer equitable deals to clients based on their knowledge and understanding of the financial markets instruments and their analysis and evaluation of potential investments. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Learners accessing this unit standard should be competent in Communication and Mathematical and Computer Literacy at NQF level 4. 

UNIT STANDARD RANGE 
"Deals" and "relevant financial market" includes offerings relating to:
  • the equity markets instruments
  • bond market instruments
  • money market instruments
  • currency instruments
  • derivatives instruments

    Types of trading transactions include:
  • Arbitrage
  • Hedging
  • Speculation
  • Spread trading
  • Bear sale, an undisclosed bear sale
  • Odd-lot
  • Put-through
  • Special bargain, special bargain put-through
  • Unreasonable transaction
  • Foreign purchase or foreign sale
  • Transaction in non-listed shares
  • Trend-following strategies

    Methods of valuing equity include:
  • Market multiple approaches (price/earnings ratio, market/book ratio, price/cash flow ratio)
  • Asset value approaches
  • Discounted cash flow approaches (dividend discount model, shareholder value approach, economic value added approach) 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify the client's investment needs 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The client's available investment funds are identified together with and the length of time each is available for investment. 

    ASSESSMENT CRITERION 2 
    2. The client's attitude towards risk and return are identified following an explanation of the relationship between the two. 

    ASSESSMENT CRITERION 3 
    3. The client's investment criteria are established using an appropriate client profile. 

    SPECIFIC OUTCOME 2 
    Examine and analyse the relevant financial market 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Trends within the market are established for the past year, three years and five year periods. 

    ASSESSMENT CRITERION 2 
    2. Values of the investments are calculated using industry specific criteria. 

    ASSESSMENT CRITERION 3 
    3. Risks and returns relating to the market analysis are identified and applied to the proposed investment. 

    SPECIFIC OUTCOME 3 
    Identify investment options 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Potential investments are identified based on the client's needs and available funds. 

    ASSESSMENT CRITERION 2 
    2. Potential investments are evaluated and the pros and cons of each listed in table form and an oral explanation given of each. 

    ASSESSMENT CRITERION 3 
    3. An investment is recommended based on the match to the client's needs. 

    SPECIFIC OUTCOME 4 
    Identify trading strategies 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Strategies and principles of trading in the relevant market are listed and the advantages disadvantages of each strategy is discussed in relation to the principles. 

    ASSESSMENT CRITERION 2 
    2. An acceptable trading strategy is recommended to the client. 

    SPECIFIC OUTCOME 5 
    Implement the investment deal 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The deal is implemented as agreed with the client. 

    ASSESSMENT CRITERION 2 
    2. The performance of the investment is monitored and reported regularly to the client for a period of six months. 

    ASSESSMENT CRITERION 3 
    3. Changes requested by the client are implemented within the time frame agreed. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Accreditation for this Unit Standards shall be from the FASSET Education and Training Quality Assuror through formative and summative assessment by a registered Assessor. Assessment should be contextual and be conducted in the workplace as far as possible.
  • Assessors must be registered as an Assessor with the FASSET ETQA or with an ETQA that has a Memorandum of Understanding with the FASSET ETQA
  • Moderators must be registered as assessors with the FASSET ETQA or with an ETQA that has a Memorandum of Understanding with the FASSET ETQA
  • Training providers must be accredited by the Fasset ETQA or with an ETQA that has a Memorandum of Understanding with the FASSET ETQA
  • Moderation should include both internal and external moderation where applicable
  • The Fasset ETQA will co-ordinate all moderation activities in accordance with its policies and procedures 

  • 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 and creative thinking processes. For example when analysing the markets, a critical thinking approach should be utilised. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information. For example, during market analysis and investment recommendation. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and / or language skills in the modes of oral and / or written persuasion. For example during communication with the client - this would include mathematical modelling, reporting and verbal communication. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility towards the environment and health of others. For example, analysis of the markets can place using 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. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  50481   National Certificate: Financial Markets and Instruments  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  BANKSETA 
    Elective  23653   National Diploma: Financial Markets  Level 6  NQF Level 06  Reregistered  2023-06-30  FASSET 


    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. Felix Risk Training Consultants 
    2. Full Value Financial Services (Pty) Ltd 
    3. Nedbank Ltd 
    4. The Academy of Financial Markets 
    5. The Facilitation Workshop 
    6. 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.