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: 

Follow trading procedures in a treasury 
SAQA US ID UNIT STANDARD TITLE
117808  Follow trading procedures in a treasury 
ORIGINATOR
SGB Insurance and Investment 
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 3  NQF Level 03 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
7098  Follow trading procedures in a treasury  Level 2  NQF Level 02  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for people who trade on the various desks in a treasury. People accredited with this Unit Standard will be able to:
  • Explain internal and external regulations pertaining to the relevant trading environment
  • Initiate, conduct and reconcile deals
  • Explain and adhere to trading limits in order to follow trading procedures. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 2. 

    UNIT STANDARD RANGE 
  • External regulations are the Financial Markets Control Act, Stock Exchange Control Act, The South African Institute of Financial Markets Code of Ethics, Standards of Professional Conduct, Interbank Limits, Financial Services Act, Companies Act, ACI code of conduct.
  • Professionally means honesty, integrity, respect, diligence and appropriate communication.
  • Risk includes proprietary, business, country, and price risk.
  • Deals may be conducted via telex, telephone and electronic screen.
  • Deals may be verified through balancing, differences in accounts (systems and general ledger), lack of control in accounting procedures.
  • Trading limits are authority, counter-party, instrument, portfolio, currency, liquidity, open position, daylight, overnight, inter-bank. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain internal and external regulations pertaining to the relevant trading environment. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Codes of conduct and security procedures are understood and explained as important internal control elements, as per business codes of conduct and procedure. 

    ASSESSMENT CRITERION 2 
    Applicable external regulations are understood and explained with examples. 

    ASSESSMENT CRITERION 3 
    Risk associated with the irregular application of internal and external regulations are identified and reported on as per business and industry regulations. 

    SPECIFIC OUTCOME 2 
    Initiate, conduct and reconcile deals. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Deals are initiated professionally as per business specified procedures. 

    ASSESSMENT CRITERION 2 
    The feasibility of a deal is based on an assessment of risk as per business specified procedure. 

    ASSESSMENT CRITERION 3 
    Accurate market related quotations are provided to the client as per business specified procedure. 

    ASSESSMENT CRITERION 4 
    Deals are conducted with clients, recorded and verified with the back office using business specified procedures. 

    ASSESSMENT CRITERION 5 
    Disputes that arise are dealt with timeously and professionally with a view to minimise losses to the bank as per business specified procedure. 

    SPECIFIC OUTCOME 3 
    Explain and adhere to trading limits. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The purpose and importance of limits is understood and explained in terms of the risk philosophy and policies and procedures of the business. 

    ASSESSMENT CRITERION 2 
    Types of limits within which trading occurs are explained and understood according to business specified procedures. 

    ASSESSMENT CRITERION 3 
    Trading is done within the confines of trading limits imposed by business specified procedure or through industry regulations. 

    ASSESSMENT CRITERION 4 
    Risks associated with non-compliance with trading limits are identified and explained according to trading procedures. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • 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 or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner will identify and solve problems using responsible decision making when identifying and reporting on the risks associated with the irregular application of internal and external regulations; ascertaining the feasibility of a deal; dealing with disputes and identifying and explaining the risks associated with non-compliance with trading limits. 

    UNIT STANDARD CCFO WORKING 
    The learner will work effectively with others as a member of a team when initiating a deal; providing quotations; conducting, recording and verifying deals and dealing with disputes. 

    UNIT STANDARD CCFO ORGANISING 
    The learner will organise and manage him/herself and his/her activities responsibly and effectively when initiating, conducting and reconciling deals. 

    UNIT STANDARD CCFO COLLECTING 
    The learner will collect, organise and critically evaluate information when initiating a deal; providing accurate quotations; conducting, recording and verifying deals and dealing with disputes. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner will communicate effectively using visual, mathematical and language skills when initiating deals, providing quotes, conducting deals and dealing with disputes. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    This unit standard replaces unit standard 7098, "Follow trading procedures in a treasury", Level 2, 6 credits.

    Legal:
  • SAFEX Regulations.

    Terminology:

    The following terminology may be encountered when attempting this Unit Standard:
  • ATM - At The Money Jobbing Spot against Forward Transaction
  • Bear Long Spot next
  • Broker Margin Spot-next
  • Bull Mine Spread
  • Call Open Position Straddle
  • Close-Out Option Strangle
  • Cross Rate OTM - Out The Money Swap
  • Dealer Overnight Time Value
  • Discount Par Tome-next
  • Exercise Pip, or Point Turn
  • Firm Premium Value Date
  • Forward Put Vega
  • Forward Forward Rate of Exchange Weak
  • Gamma Short Yours
  • Instrinsic Value Spot
  • ITM - In The Money 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20184   National Certificate: Banking  Level 3  NQF Level 03  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.
     
    NONE 



    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.