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: 

Understand and keep abreast of daily economic market influences in a treasury in a banking environment 
SAQA US ID UNIT STANDARD TITLE
7252  Understand and keep abreast of daily economic market influences in a treasury in a banking environment 
ORIGINATOR
SGB Financial Services 
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  24 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 
2003-12-03  2004-08-11  SAQA 1351/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2005-08-11   2008-08-11  

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 is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
117815  Understand and keep abreast of daily economic market influences in a treasury in a banking environment  Level 4  NQF Level 04  20  Complete 

PURPOSE OF THE UNIT STANDARD 
This unit standard is intended for people who trade on the various desks, conduct the treasurer function and monitor risk. Learners are able to explain the principles, concepts and terminology of macro- and micro- economics; explain and understand various types of market indicators, and integrate these into work processes; and source information using identified tools, to keep breast of economic and market influences. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Learners are required to be able to apply relevant models, theories and or strategies within a Treasury and have an understanding of economic analysis and economic fundamentals. 

UNIT STANDARD RANGE 
Range Statements are not fully inclusive. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Explain the principles, concepts and terminology of macro- and micro-economics. 
OUTCOME RANGE 
Macro-economics: - balance of payments, concept of inflation, liquidity surpluses, money supply and credit extensions.
Micro-economics: - price theories, demand and supply, utility theories and preference theories. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The scope of macro- and microeconomics in South Africa is described as per economic theory. 

ASSESSMENT CRITERION 2 
2. Mechanics of monetary policy are explained as per economic theory. 

ASSESSMENT CRITERION 3 
3. The functions and constraints of fiscal policy are explained as per economic theory. 

ASSESSMENT CRITERION 4 
4. Definition, importance and preconditions of economic growth are explained as per economic theories. 
ASSESSMENT CRITERION RANGE 
Indicators of economic growth: - GDP, minus levels of service, foreign reserve levels of import/export cover, GNP, GEAR policy and governments budget deficit.
 

SPECIFIC OUTCOME 2 
Explain and understand various types of market indicators and integrate these into work processes. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Local and international economic trends and indicators are explained as per current economic climate. 
ASSESSMENT CRITERION RANGE 
Trends: - GDP, budgets, deficits, exchange controls, money supply, credit growth, the independence of the central bank and it's policies, foreign investment resources, currencies and political issues.
 

ASSESSMENT CRITERION 2 
2. Position is taken using a basket of international and domestic economic indicators to realise a profit and or minimise loss to ensure efficiency of the bank's balance sheet. 

ASSESSMENT CRITERION 3 
3. Result of position taken is managed according to the given situation, as per company procedure. 
ASSESSMENT CRITERION RANGE 
Result: - stress and stop loss policies.
Procedure: - management action triggers, stress testing, scenario testing, daylight limits and overnight limits.
 

SPECIFIC OUTCOME 3 
Source information using identified tools to keep abreast of economic indicators & market influences 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Tools for keeping abreast of economic market influences are identified as per company specified procedures. 
ASSESSMENT CRITERION RANGE 
Tools: - charting, fundamental analysis and information systems.
 

ASSESSMENT CRITERION 2 
2. International and domestic information is elicited, utilised and presented using identified tools. 
ASSESSMENT CRITERION RANGE 
Information: - short term trends, balance of payments, investor confidence, international economic situation, statistical analysis of various markets, foreign reserves, forward book and net open position.
 

ASSESSMENT CRITERION 3 
3. Changes and impact of the structure of the Treasury book are identified as per company's view over a specific term. 
ASSESSMENT CRITERION RANGE 
Changes in: - price, rates, repo rate and level of currency.
Term: - short, medium and long term.
Book: - forward book, spot and derivatives.
 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
1. Anyone assessing a learner against a unit standard must be registered as an assessor with the relevant ETQA.
2. 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.
3. Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures.

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 
Learners are literate and display numeric and communication skills within the context of the unit standard. 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO IDENTIFYING 
Learners can identify and solve problems and display responsible decision-making when managing a position taken. 

UNIT STANDARD CCFO COLLECTING 
Learners can collect, organise and critically evaluate information when explaining the principles, concepts and terminology of macro- and microeconomics; explaining and displaying an understanding of the various types of market indicators; identifying tools for keeping abreast of economic influences and eliciting, using and presenting international and domestic information. 

UNIT STANDARD CCFO SCIENCE 
Learners can use science and technology effectively and critically when taking a position and managing that position so as to realise a profit and/or minimise a loss. 

UNIT STANDARD CCFO DEMONSTRATING 
Learners can demonstrate an understanding of the world as a set of related systems when explaining the local and international economic trends. 

UNIT STANDARD NOTES 
This unit standard has been replaced by unit standard 117815, which is "Understand and keep abreast of daily economic market influences in a treasury in a banking environment", Level 4, 20 credits.

Legal Requirements:

The related specific sections of the following legislation and regulation are understood:
  • Financial Services Board requirements.
  • Financial Markets Control Act
  • Exchange Control Regulations
  • Bank of International Settlement (Domestic and International)

    Terminology:
  • Book: Trading portfolio
  • Economic Growth: Sustained increase in GDP over time
  • Fiscal Policy: Incomes and expenditure of government
  • GDP: Gross Domestic Product
  • GNP: Gross National Product
  • Monetary Policy: All actions taken by the central bank to influence liquidity and/or interest rates or exchange rates
  • Position: Long, short or flat of a currency or financial instrument
  • SARB: South African Reserve Bank
  • Utilised: means of presenting information 

  • 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.