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: 

Process and administer financial applications for movable assets (personal) 
SAQA US ID UNIT STANDARD TITLE
12749  Process and administer financial applications for movable assets (personal) 
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 3  NQF Level 03  10 
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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
Persons credited with this Unit Standard are able to process and administer financial applications for personal movable assets. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
The learner must be able to locate and apply company policies and procedures as they relate to asset based financing applications. They should have been found competent against Unit Standard ABF009, "Adhere to the legal and statutory requirements pertaining to the Asset Based Financing environment" and should be mathematically literate at NQF level 2. 

UNIT STANDARD RANGE 
Capturing and processing data, validating documents, transmitting data and monitoring and following up on outstanding documentation relating to personal accounts. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Receive, capture and validate the application or order. 
OUTCOME RANGE 
New applications, existing credit facility. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.The application forms (for a new credit facility) or order (for an existing facility) are completed as per company and statutory requirements. 

ASSESSMENT CRITERION 2 
2.The data is captured onto the computer system and processed as per company procedures. 

ASSESSMENT CRITERION 3 
3.Critical Information is verified and confirmed for accuracy, completeness and correctness as per company requirements (range: name, ID number, contact details, employer, proof of employment, salary, period of work, fixed property and residence details). 

ASSESSMENT CRITERION 4 
4.The outcome is communicated to relevant parties (eg marketer, branch, supplier, client) according to company requirements. 

ASSESSMENT CRITERION 5 
5.Discrepancies are relayed to the underwriter. 

ASSESSMENT CRITERION 6 
6.Any errors and omissions are identified, rectified and recorded as required. 

ASSESSMENT CRITERION 7 
7.Any pre-approvals are validated on the system. 

SPECIFIC OUTCOME 2 
Produce the documents relevant to the application. 
OUTCOME RANGE 
: contract, letter of declination or referral. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.The correct documents relevant to the outcome of the application are identified and prepared in accordance with company and statutory requirements. 

ASSESSMENT CRITERION 2 
2.The document is forwarded for sign-up in accordance with company procedures. 

ASSESSMENT CRITERION 3 
3.Signed documents are checked and verified. 

ASSESSMENT CRITERION 4 
4.Outstanding documents are followed up as per company procedures. 

SPECIFIC OUTCOME 3 
Finalise the transaction. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.Final capturing is completed in accordance with company requirements. 

ASSESSMENT CRITERION 2 
2.Pay-outs are balanced against the contract and completed on the system. 

ASSESSMENT CRITERION 3 
3.The final documentation is checked for accuracy (range: debit order details, insurance details and signature) as required by company policy and statutory requirements. 

ASSESSMENT CRITERION 4 
4.Documents are stored according to company policy. 

ASSESSMENT CRITERION 5 
5.Statistics are recorded and monitored for accuracy (Errors & Omissions). (range: number of deals transmitted, number of deals verified). 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation for this Unit Standards shall be from the relevant education and Training Quality Assurer through formative and summative assessment by a registered Assessor. Assessment should be contextual and be conducted in the workplace as far as possible.

The relevant NSB and SGB should be notified of any feedback related to this qualification.
  • Assessors must be registered as an Assessor with the relevant ETQA.
  • Moderators must be registered as assessors with the relevant ETQA.
  • Training providers must be accredited by the relevant ETQA.
  • Moderation should include both internal and external moderation where applicable.
  • The relevant ETQA will co-ordinate all moderation activities in accordance with their policies and procedures. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    A demonstrated understanding of:
  • Calculations such as interest rates in advance and arrears as they apply to the application. They can explain the fundamentals of contractual capacity and other legal and statutory aspects relating to the asset based financing environment. They are also aware of relevant company policies and procedures and can apply them in the context of their work.
  • Working knowledge of the company products to be able to advise clients of the best alternative, when required. 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems relating to the completness, correctness and accuracy of the information received. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using basic mathematical and / or language skills in the modes of oral and / or written persuasion when communicating with relevant parties regarding the application. 

    UNIT STANDARD CCFO SCIENCE 
  • The learner is able to use science and technology effectively and critically in applying the use of the company system to process applications 

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

    UNIT STANDARD NOTES 
    VALUES

    The use of tasks and materials in the learning event plan should not discriminate against learners on any grounds prescribed in the Bill of Rights and should promote the orientations outlined in the critical cross-field outcomes. 

    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.