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

Structure a banking-related financial solution involving fleet management 
SAQA US ID UNIT STANDARD TITLE
7353  Structure a banking-related financial solution involving fleet management 
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 able to identify the fleet management requirements of a business, present the options and explain their implications, then structure a solution and compile a report. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Persons credited with this unit standard are required to have an understanding of market segmentation criteria and range of industries. Such persons should be able to understand, identify and interpret critical cash flow information within the context of principles of lending (types of assets/agreements, terms of credit, rates). It is recommended that this unit standard be completed in conjunction with the unit standards for determining the needs of a business (SFS011), for assessing the viability of a business opportunity (SFS 012) and for structuring an asset-based solution to meet a business need (SFS018). 

UNIT STANDARD RANGE 
Fleet management services including but not limited to repair and maintenance, fuelling, billing, fleet cards, management information reports, vehicle statistics. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Identify the fleet management requirements. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. The nature of the business is reviewed using the current information available, in line with the bank's requirements. 

ASSESSMENT CRITERION 2 
2. The needs of the client are reviewed using the current information available, in line with the bank's requirements. 

ASSESSMENT CRITERION 3 
3. The size of the fleet is established to ascertain the nature of the bank's involvement in accordance with the bank's policy. 

SPECIFIC OUTCOME 2 
Present fleet management options. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. A range of fleet management options is specified in terms of match with the needs of the business, taking into account any client provisos. 

ASSESSMENT CRITERION 2 
2. Each fleet management option is evaluated in terms of its features and benefits and its match with the needs of the business. 
ASSESSMENT CRITERION RANGE 
Including but not limited to central billing, fleetcard, actual vehicle expenses, vehicle performance statistics, national statistics, replacement, reporting.
 

ASSESSMENT CRITERION 3 
3. The profitability associated with each option is assessed according to the bank's procedures. 

ASSESSMENT CRITERION 4 
4. The possible need for product specialist support is identified according to the bank's procedures. 

SPECIFIC OUTCOME 3 
Explain the implications of the various fleet management options. 
OUTCOME RANGE 
Including but not limited to types of agreements, tax implications, legal implications, pricing (interest rates and service fees). 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. The implications of each option are explained so that the client can make an informed decision. 

ASSESSMENT CRITERION 2 
2. The repayment options are explained in such a way that the client can make an informed decision. 

ASSESSMENT CRITERION 3 
3. The course of action which promotes the best interests of both the client and the bank is suggested, so that the client can make an informed decision. 

ASSESSMENT CRITERION 4 
4. The client's concerns are addressed politely and to the client's satisfaction. 

ASSESSMENT CRITERION 5 
5. The client is informed of the bank's procedures regarding the time factors for the approval/decline of the facility in line with the Code of Banking Practice. 

SPECIFIC OUTCOME 4 
Structure the fleet management solution. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. A range of suitable fleet management products is selected in line with the needs of the business and according to the bank's guidelines. 

ASSESSMENT CRITERION 2 
2. An appropriate solution which balances risk, profitability, client needs and banking requirements is structured. 

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. A range for price negotiation is determined in line with the bank's requirements. 

SPECIFIC OUTCOME 5 
Compile a report. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. Based on the client's decision, a report is compiled outlining the implications and effects of the recommendations made on the financial situation of the client. 

ASSESSMENT CRITERION 2 
2. Specific risk factors affecting the financial position of the client are noted as required by the bank. 

ASSESSMENT CRITERION 3 
3. Recommendations which maximise the profitability and return on equity for the bank and the client are made, as required by the bank. 

ASSESSMENT CRITERION 4 
4. The report is submitted to the relevant credit authority according to the bank's procedures. 

ASSESSMENT CRITERION 5 
5. The credit decision is conveyed to the client according to the Code of Banking Practice. 

SPECIFIC OUTCOME 6 
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 
  • Detailed knowledge of specific banking policies and procedures relating to the function/tasks performed.
  • The ability to apply financial analysis skill to evaluate an individual`s financial position.
  • The ability to express analysis and judgement clearly both in written and verbal communication.
  • Operating and computer systems knowledge sufficient to locate the necessary information and complete the function/task.
  • An understanding of basic elements of business credit risk and principles of sound lending.
  • A broad knowledge of a wide range of relevant banking products.
  • Good customer relation skills. 
    		•


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation and community when the possible need for product specialist support is identified according to the bank`s procedures. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information when each fleet management option is evaluated in terms of its features and benefits and its match with the needs of the business. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations when the implications of each option are explained so that the client can make an informed decision. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems when the solution is tailored within available product parameters to achieve the best fit with the needs of the business. 

    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 under 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 


    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. AFRICAN BANK LTD 
    3. Chartall Business College 
    4. Plumb Line Risk Alignment 
    5. Riverwalk Trading 151 CC trading as Culhane Consulting 
    6. Standard Bank Personal and Business Banking 
    7. The Institute of Literacy Advancement 
    8. 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.