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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Monitor and Control Purchases and Sales of Exchange (Form E & Form A) in a banking environment 
SAQA US ID UNIT STANDARD TITLE
7320  Monitor and Control Purchases and Sales of Exchange (Form E & Form A) 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 5  Level TBA: Pre-2009 was L5  18 
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
117847  Monitor and Control Purchases and Sales of Exchange (BoP) in a banking environment  Level 5  Level TBA: Pre-2009 was L5  15  Complete 

PURPOSE OF THE UNIT STANDARD 
This standard is for persons in exchange control enviroment of authorised dealers. Persons credited with with this unit standard will be able to: evaluate forms for the purchase and sale of exchange; control allowances; control offshore investments by private individuals and control exports. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Open 

UNIT STANDARD OUTCOME HEADER 
Evaluate Forms for the Purchase and Sale of Exchan 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Evaluate Forms for the Purchase and Sale of Exchange ( Form E & Form A). 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Transactions on Forms A & E are checked for compliance in terms of exchange control rulings or SARB authority, including but not limited to the range. 
ASSESSMENT CRITERION RANGE 
Income, Gift Allowances, Export proceeds, Immigrants Capital Transfers
 

ASSESSMENT CRITERION 2 
2. Category codes are checked for correctness in terms of exchange control rulings. 

ASSESSMENT CRITERION 3 
3. Forms for the purchase and sale of exchange are reported correctly on the system as per the exchange control rulings. 

ASSESSMENT CRITERION 4 
4. Forms for the purchase and sale of exchange are retained for inspection purposes in terms of the exchange control rulings. 

SPECIFIC OUTCOME 2 
Monitor and Control Allowances. 
OUTCOME RANGE 
Study Allowances, Gift Allowances, Maintenance Allowances, Travel Allowances, Subsistence Allowances, Omnibus Allowances 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The application is checked for compliance with exchange control rulings and regulations. 

ASSESSMENT CRITERION 2 
2. Supporting documentation is viewed and, endorsed 'EXCHANGE PROVIDED' . 
ASSESSMENT CRITERION RANGE 
Study Allowance, Maintenance Allowance, Subsistence Allowance.
 

ASSESSMENT CRITERION 3 
3. Copies are retained if necessary in accordance with exchange control rulings. 

ASSESSMENT CRITERION 4 
4. Residential status of recipient is established and funds remitted within the prescribed limits, including but not limited to the range. 
ASSESSMENT CRITERION RANGE 
Gift allowance, Maintenance allowance, Travel Allowance, Subsistence Allowance, Study Allowance.
 

ASSESSMENT CRITERION 5 
5. The Travel Allowance is checked in the passport to ensure that it does not exceed the prescribed limit. 

ASSESSMENT CRITERION 6 
6. Passports and air-tickets are endorsed accordingly and in terms of exchange control rulings, including but not limited to the range. 
ASSESSMENT CRITERION RANGE 
Travellers cheques, Foreign bank notes, Credit and/or Debit cards.
 

ASSESSMENT CRITERION 7 
7. Omnibus travel facilities for companies are monitored to ensure that the limits are not exceeded, and that the passports of the representatives are endorsed accordingly, in terms of exchange control rulings and or SARB Authority. 

SPECIFIC OUTCOME 3 
Control Offshore Investments by Natural Persons Resident in South Africa. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Applications for offshore investments are checked to ensure that they do not exceed the limit prescribed by the South African Reserve Bank. 

ASSESSMENT CRITERION 2 
2. A form (F1423) to invest offshore is checked for correct completion and the original form then submitted to the Reserve Bank. 

ASSESSMENT CRITERION 3 
3. A copy of the form to invest offshore is retained for inspection purposes, in terms of exchange control rulings. 

ASSESSMENT CRITERION 4 
4. An original tax-clearance certificate is taken in, checked for validity and authenticity and that the amount on the form to invest offshore does not exceed the amount authorised on the tax clearance certificate. 

ASSESSMENT CRITERION 5 
5. The original tax-clearance certificate is retained for inspection purposes, and the copy handed to the customer, in terms of exchange control rulings. 

ASSESSMENT CRITERION 6 
6. Requests for additional investments are checked to ensure that the prescribed limits or approved limits are not exceeded. 

ASSESSMENT CRITERION 7 
7. A sale of exchange form (Form A) is completed for the remittance of funds, in terms of exchange control rulings. 

SPECIFIC OUTCOME 4 
Control of Exports for goods for sale abroad (F178). 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. A form to export goods for sale is checked for correct completion and attested according to exchange control rulings. The original is given to the customer and the copy is retained by the authorised dealer. 

ASSESSMENT CRITERION 2 
2. The expected payment date is diarised to monitor that the proceeds are received within the specified time, in terms of exchange control rulings & or regulations or SARB authority. 

ASSESSMENT CRITERION 3 
3. A follow up procedure is conducted in accordance with SARB and exchange control rules & regulations 

ASSESSMENT CRITERION 4 
4. The payment is marked off against the form to export goods (F178) in accordance with exchange control rulings. 

ASSESSMENT CRITERION 5 
5. The commission for services provided for export of goods are collected from the customer in terms of company specific requirements. 

SPECIFIC OUTCOME 5 
Control of Exports of goods not for sale (NEP). 
OUTCOME RANGE 
Trade samples, Goods exported for repairs, temporary exported goods, defective goods for repairs, personal goods. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The Form NEP is completed according to exchange control rulings. 

ASSESSMENT CRITERION 2 
2. The expected date of return of the goods is diarised, in terms of exchange control rulings. 

ASSESSMENT CRITERION 3 
3. The copy of Form NEP is retained for exchange control inspections. 

ASSESSMENT CRITERION 4 
4. In the event of sale of the goods confirmation of payment must be viewed in accordance with SARB rulings. 

ASSESSMENT CRITERION 5 
5. A follow up procedure is conducted in accordance with SARB and exchange control rulings & or regulations or SARB authority. 


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 
Knowledge of Exchange Control Rulings applicable to the transactions being carried out in terms of the standard is required. 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO IDENTIFYING 
To identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made when applications for offshore investments are checked to ensure that they do not exceed the limit prescribed by the South African Reserve Bank and when a form (F1423) to invest offshore is checked for correct completion. 

UNIT STANDARD CCFO DEMONSTRATING 
To demonstrate an understanding of the world as a set of related systems when Residential status of recipient is established and funds remitted within the prescribed limits, the Travel Allowance is checked in the passport to ensure that it does not exceed the prescribed limit and the omnibus travel facilities for companies are monitored to ensure that the limits are not exceeded, and that the passports of the representatives are endorsed accordingly, in terms of exchange control rulings and or SARB Authority. 

UNIT STANDARD NOTES 
This unit standard has been replaced by unit standard 117847, which is "Monitor and Control Purchases and Sales of Exchange (BoP) in a banking environment", Level 5, 15 credits.

Legal Requirements:

Exchange Control Rulings


Notes:

Applications for the purchase of exchange - Form A.
Aplications for the sale of exchange - Form E. 

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  Reregistered  2021-06-30  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. Felix Risk Training Consultants 
3. Nedbank Ltd 
4. The Facilitation Workshop 
5. 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.