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: |
Perform administrative functions in the back office of a treasury |
SAQA US ID | UNIT STANDARD TITLE | |||
7100 | Perform administrative functions in the back office of a treasury | |||
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 2 | NQF Level 02 | 15 |
REGISTRATION STATUS | REGISTRATION START DATE | REGISTRATION END DATE | SAQA DECISION NUMBER | |
Passed the End Date - Status was "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 in the back office of a treasury. Learners will be able to complete the confirmation, settlement, recording and accounting processes. |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
People attempting this unit standard are required to apply other administration unit standards. |
UNIT STANDARD RANGE |
Range statements are not fully inclusive. |
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Complete confirmation process |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. Details of deal are checked in accordance with company specified procedures in order for processing and authorisation to take place. |
ASSESSMENT CRITERION RANGE |
Details: signed off, within limits and cross references. |
ASSESSMENT CRITERION 2 |
2. Confirmation of all deals to take place with counter-parties prior to settlement as per company specified procedure. |
ASSESSMENT CRITERION RANGE |
Confirmation: dealing date, value date, reference number, type (foreign exchange, deposit taken/placed, asset bought/sold/repurchased/resale, loan made/repaid), currency/ies, principal amount, exchange interest rate/price, maturity, maturity value, name of counter-party and settlement instructions. |
ASSESSMENT CRITERION 3 |
3. Confirmation disputes are handled as per company procedures. |
SPECIFIC OUTCOME 2 |
Complete settlement process |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. Payment of deals are executed using the specified in-house procedures and systems. |
ASSESSMENT CRITERION RANGE |
Procedures and systems:- cheque, telex, magtape, electronic funds transfer (EFT) and Society for World-wide Interbank Financial Telecommunications (SWIFT). |
ASSESSMENT CRITERION 2 |
2. In-house security controls are adhered to as per company specified procedure. |
ASSESSMENT CRITERION 3 |
3. Settlement disputes are handled as per company specified procedure. |
SPECIFIC OUTCOME 3 |
Complete recording and accounting procedures |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. Records are compiled timeously and accurately in line with accounting procedures in order to provide relevant and meaningful information. |
ASSESSMENT CRITERION 2 |
2. Differentiation between different treasury transactions is clearly understood in terms of the accounting implications. |
ASSESSMENT CRITERION RANGE |
Transactions:- investment, trading and hedging, management positions and dealers positions. |
ASSESSMENT CRITERION 3 |
3. Applicable systems are used to enhance the quality of record keeping in accordance with the systems standard operating procedure. |
ASSESSMENT CRITERION RANGE |
Systems:- foreign exchange systems, money market systems, capital market systems, supplementary accounting and settlement systems, loan administering system, branch accounting system, Society for World-wide Interbank Telecommunications (SWIFT), electronic funds transfer system (EFT), Automated Clearing Bureau systems (ACB), telex and cable, facsimile, internal nostro reconciliation system, nostro enquiry system, word processing and spreadsheets and any specialist treasury specific systems. |
ASSESSMENT CRITERION 4 |
4. Suspected fraud and malpractice are recorded and reported as per company specified procedures. |
ASSESSMENT CRITERION 5 |
5. Accounting functions are conducted timeously and according to generally accepted accounting principles (GAAP). |
ASSESSMENT CRITERION 6 |
6. Disputes and enquiries are dealt with as per company specified procedures. |
UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
Accreditation process (including moderation):
Therefore, anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution, which is accredited by the relevant ETQA. |
UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE |
The learner should have language skills, report writing skills and computation skills. |
Critical Cross-field Outcomes (CCFO): |
UNIT STANDARD CCFO IDENTIFYING |
The learner will identify and solve problems through responsible decision making when dealing with various disputes and enquiries and differentiating between different treasury transactions. |
UNIT STANDARD CCFO WORKING |
The learner will work effectively with others as a member of a team when dealing with various disputes and ensuring that all confirmations take place with counter-parties prior to settlement. |
UNIT STANDARD CCFO ORGANISING |
The learner will organise and manage him/herself and his/her activities responsibly and effectively when checking deals, paying the deals, compiling the account records, differentiating between the different treasury transactions and handling various disputes. |
UNIT STANDARD CCFO COLLECTING |
The learner will collect, organise and critically evaluate information when checking the deals, paying the deals, compiling the account records, differentiating between the different treasury transactions and handling various disputes. |
UNIT STANDARD CCFO COMMUNICATING |
The learner will communicate effectively when checking the deals, paying the deals, compiling the account records, differentiating between the different treasury transactions and handling various disputes. |
UNIT STANDARD CCFO SCIENCE |
The learner will display the ability to use science and technology effectively and critically when using the applicable systems to enhance the quality of record keeping. |
UNIT STANDARD CCFO DEMONSTRATING |
The learner will demonstrate an understanding of the world as a set of related systems when handling disputes. |
REREGISTRATION HISTORY |
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. |
UNIT STANDARD NOTES |
Terminology:
GAAP Generally Accepted Accounting Practices Industry Jargon: The following jargon may be encountered when attempting this unit standard: ATM - At the Money Bear Broker Bull Call Close-out Cross Rate Dealer Discount Exercise Firm Forward Forward Forward Gamma Intrinsic Value ITM - In the Money Jobbing Long Margin Mine Open Position Option OTM - Out the Money Overnight Par Pip, or point Premium Put Rate of Exchange Short Spot Spot against Forward Position Spot against Forward Transaction Spot next Spot-next Spread Straddle Strangle Swap Time Value Tom-next Turn Value Date Vega Weak Yours |
QUALIFICATIONS UTILISING THIS UNIT STANDARD: |
ID | QUALIFICATION TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | STATUS | END DATE | PRIMARY OR DELEGATED QA FUNCTIONARY | |
Elective | 20183 | National Certificate: Banking | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2015-06-30 | 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. | Nedbank Ltd |
3. | Standard Bank Personal and Business Banking |
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. |