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: |
Structure a financial solution to meet a business banking need |
SAQA US ID | UNIT STANDARD TITLE | |||
7347 | Structure a financial solution to meet a business banking need | |||
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 for persons who are responsible for a range of business accounts. Persons credited with this unit standard will be able to identify the product options that meet the client's needs, structure an appropriate solution and complete the necessary documentation. |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
Persons attempting this unit standard are required to have a broad understanding of all relevant business products and services offered by the bank, strong cash flow knowledge as well as a strong understanding of the economy. It is recommended that this unit standard be completed in conjunction with the unit standards for determining the financial needs of a business (SFS011) and for assessing the viability of a business opportunity (SFS012). |
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Identify the product options that meet a client's needs. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. The needs of the business are reviewed to develop specific criteria that the solution must meet as required by the bank. |
ASSESSMENT CRITERION 2 |
2. A range of product options is identified in terms of match with the client's need, taking into consideration any client provisos, in line with the bank's guidelines. |
ASSESSMENT CRITERION 3 |
3. Each product option is evaluated according to the bank's procedures, in terms of its specific match with the business need. |
ASSESSMENT CRITERION 4 |
4. The profitability associated with each option is assessed in line with the bank's procedures. |
ASSESSMENT CRITERION 5 |
5. The risk associated with each option is assessed in line with the bank's requirements. |
ASSESSMENT CRITERION 6 |
6. The possible need for product specialist support is identified in line with the bank's policy. |
SPECIFIC OUTCOME 2 |
Structure an appropriate solution. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. A suitable product or range of products is selected in line with the needs of the business and the bank's policy. |
ASSESSMENT CRITERION 2 |
2. An appropriate solution is structured which balances risk, profitability, client needs and the bank's requirements. |
ASSESSMENT CRITERION 3 |
3. The solution is tailored within available product parameters to achieve the best fit with the needs of the business. |
ASSESSMENT CRITERION 4 |
4. Appropriate pricing is determined for each option in line with the bank's guidelines. |
ASSESSMENT CRITERION 5 |
5. A range for price negotiation is determined in line with the bank's requirements. |
ASSESSMENT CRITERION 6 |
6. A justification is prepared according to the bank's guidelines. |
SPECIFIC OUTCOME 3 |
Complete the documentation. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. The required documentation is collected and completed according to the bank's procedures. |
ASSESSMENT CRITERION 2 |
2. The required documentation is verified and signed by authorised signatories of both the client and the bank according to the bank's procedures. |
ASSESSMENT CRITERION 3 |
3. The client contact is recorded promptly and accurately in the manner required by the bank. |
ASSESSMENT CRITERION 4 |
4. The documentation is forwarded to the relevant department as per stipulated procedure. |
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 |
Critical Cross-field Outcomes (CCFO): |
UNIT STANDARD CCFO IDENTIFYING |
Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made when a range of product options is identified in terms of match with the client's need, taking into consideration any client provisos, in line with the bank's guidelines. |
UNIT STANDARD CCFO WORKING |
Work effectively with others as a member of a team, group, organisation and community. The possible need for product specialist support is identified in line with the bank's policy. |
UNIT STANDARD CCFO COLLECTING |
Collect, organise and critically evaluate information. The needs of the business are reviewed to develop specific criteria that the solution must meet as required by the bank. |
REREGISTRATION HISTORY |
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. |
UNIT STANDARD NOTES |
Legal Requirements:
All procedures must meet recognised codes of practice as well as obligations required by current legislation within South Africa and within the normal parameters of the defined job/task. |
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 |
Elective | 50481 | National Certificate: Financial Markets and Instruments | Level 6 | Level TBA: Pre-2009 was L6 | Passed the End Date - Status was "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. | AAR Trading and Projects (Pty) Ltd |
2. | Advanced Assessments and Training (Pty) Ltd |
3. | AFRICAN BANK LTD |
4. | Chartall Business College |
5. | CHARTER ACADEMY |
6. | Cornerstone Supreme ( Pty ) Ltd |
7. | DC Academy |
8. | Fachs Business Consulting and Training |
9. | Felix Risk Training Consultants |
10. | Injabulo Home Grown Learning and Development Solutions |
11. | Lotus Academy Pty Ltd |
12. | Maharishi Invincibility Institute NPC |
13. | MAT 007 (PTY) LTD |
14. | Novia One Group (Pty) Ltd |
15. | Octomate Education Pty Ltd |
16. | Octopus Training Solutions |
17. | Plumb Line Risk Alignment |
18. | RIAPHATHUTSHEDZA |
19. | Riverwalk Trading 151 CC trading as Culhane Consulting |
20. | Standard Bank Personal and Business Banking |
21. | The Academy of Financial Markets |
22. | The Graduate Institute of Financial Sciences (Pty) Ltd |
23. | The Institute of Literacy Advancement |
24. | 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. |