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: |
Ensure the quality of South African legal tender |
SAQA US ID | UNIT STANDARD TITLE | |||
7292 | Ensure the quality of South African legal tender | |||
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 5 | Level TBA: Pre-2009 was L5 | 16 |
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 | |||
2026-06-30 | 2029-06-30 |
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 manage the quality of South African legal tender by providing guidelines and procedures for the processing of currency. People accredited with this unit standard are able to procure currency processing equipment; manage the maintenance of currency processing equipment and decommission redundant equipment. |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
Grade twelve, administrative experience. |
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Manage the quality of South African legal tender. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. Guidelines regarding sort-level criteria are provided for and monitored. |
ASSESSMENT CRITERION 2 |
2. All deviations are reported and necessary adjustments and corrections are followed up. |
ASSESSMENT CRITERION 3 |
3. All amendments to quality requirements are researched and directed to relevant role players. |
ASSESSMENT CRITERION 4 |
4. Maintain procedures relative to sustaining a clean note policy. |
ASSESSMENT CRITERION RANGE |
Includes but is not limited to deposit and withdrawal facilities, machine requirements, resource and cost requirements. |
ASSESSMENT CRITERION 5 |
5. Complaints are responded to in the appropriate manner. |
ASSESSMENT CRITERION 6 |
6. Standard quality of bank note is consistent throughout the country. |
SPECIFIC OUTCOME 2 |
Procure currency note processing machines and peripheral equipment. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. Relevant source research is conducted continuously in accordance to Bank policy and requirements. |
ASSESSMENT CRITERION RANGE |
Research includes but is not limited to methodology, environmental, ergonomic and technological developments. |
ASSESSMENT CRITERION 2 |
2. A recommendation is documented and forwarded as a decision making document. |
ASSESSMENT CRITERION RANGE |
Includes but is not limited to type of equipment, location of equipment, training of operators, acceptance testing including factory acceptance test and sight acceptance test, commissioning and site preparation. |
ASSESSMENT CRITERION 3 |
3. Negotiations are initiated once the relevant approvals are obtained. |
ASSESSMENT CRITERION 4 |
4. Acquisition procedures comply with Bank procurement policy. |
ASSESSMENT CRITERION 5 |
5. The terms of the contract are agreed upon and documented according to the Bank's standard format. |
ASSESSMENT CRITERION RANGE |
Includes but is not limited to type and function of equipment, location of equipment, training of operators, acceptance testing including factory acceptance test and sight acceptance test, commissioning and site preparation. |
ASSESSMENT CRITERION 6 |
6. Payment takes place in terms of agreement requirements and the Bank's policy requirements. |
ASSESSMENT CRITERION RANGE |
Payment terms include but are not limited to exchange rates - past and present, local and foreign institutions, budgetary deviations and methods of payment. |
SPECIFIC OUTCOME 3 |
Manage the maintenance of currency processing equipment. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. Maintenance policy and guidelines are established, revised and communicated to relevant role players. |
ASSESSMENT CRITERION RANGE |
Branches and suppliers. |
ASSESSMENT CRITERION 2 |
2. The terms of maintenance agreements are negotiated. |
ASSESSMENT CRITERION RANGE |
Includes but is not limited to downtime, routine maintenance, preventative maintenance, penalties, repeatability, availability criteria and spare parts availability. |
ASSESSMENT CRITERION 3 |
3. Deviations are monitored, analysed, interpreted and reported. |
ASSESSMENT CRITERION RANGE |
Operational, technical and financial. |
ASSESSMENT CRITERION 4 |
4. Relevant remedial action is recommended. |
ASSESSMENT CRITERION 5 |
5. Maintenance management remains within budget and resource constraints. |
SPECIFIC OUTCOME 4 |
Decommission redundant equipment. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. The condition of the equipment is determined and reported on by relevant experts. |
ASSESSMENT CRITERION RANGE |
Condition includes mechanical, electronic, technological, cost and downtime. |
ASSESSMENT CRITERION 2 |
2. All authorisation procedures are complied with. |
ASSESSMENT CRITERION 3 |
3. All terms and conditions of the original purchase agreements are complied with. |
ASSESSMENT CRITERION 4 |
4. Bank-specific hardware and software are removed prior to sale. |
ASSESSMENT CRITERION 5 |
5. All administration and financial procedures are finalised in terms of Bank-specific policies. |
SPECIFIC OUTCOME 5 |
Provide guidelines and procedures for the processing of currency. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. Relevant research is sourced nationally and internationally. |
ASSESSMENT CRITERION 2 |
2. The relevant information is tested in practice and customised to suit Bank-specific requirements. |
ASSESSMENT CRITERION 3 |
3. Consultations with relevant role players are conducted throughout the research phase. |
ASSESSMENT CRITERION 4 |
4. All relevant findings are translated into standing instructions and operations manuals. |
ASSESSMENT CRITERION 5 |
5. Approved documentation is distributed to relevant role players. |
ASSESSMENT CRITERION 6 |
6. Reviews and updates are consistently performed. |
ASSESSMENT CRITERION 7 |
7. Documentation is finalised and communicated within given deadlines. |
UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
1. Anyone assessing a learner against this 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 |
Administrative skills, technical aptitude.
Project management, analytical and communication skills. Negotiation skills. Writing skills. |
Critical Cross-field Outcomes (CCFO): |
UNIT STANDARD CCFO IDENTIFYING |
The learner is able to identify and solve problems when sort level criteria and guidelines are provided on the quality of the South African legal tender. |
UNIT STANDARD CCFO WORKING |
The learner is able to work effectively with others when negotiating maintenance agreements with suppliers. |
UNIT STANDARD CCFO ORGANISING |
The learner is able to organise and manage his/her own activities to allow that processing machines and peripheral equipment are available to role players. |
UNIT STANDARD CCFO COLLECTING |
The learner is able to collect, organise and evaluate information on the conditions of the redundant equipment and to research information on guidelines and procedures for the processing of currency. |
UNIT STANDARD CCFO COMMUNICATING |
The learner is able to communicate effectively, verbally and in writing, to role players when:
|
UNIT STANDARD CCFO SCIENCE |
The learner is able to use technology effectively when removing hardware and software from redundant equipment. |
REREGISTRATION HISTORY |
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. |
QUALIFICATIONS UTILISING THIS UNIT STANDARD: |
ID | QUALIFICATION TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | STATUS | END DATE | PRIMARY OR DELEGATED QA FUNCTIONARY | |
Elective | 61589 | National Certificate: Banking | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | As per Learning Programmes recorded against this Qual |
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. | AFRICAN BANK LTD |
2. | Plumb Line Risk Alignment |
3. | Riverwalk Trading 151 CC trading as Culhane Consulting |
4. | Standard Bank Personal and Business Banking |
5. | The Institute of Literacy Advancement |
6. | THE SHERQ CENTRE OF EXCELLENCE 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. |