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: 

Manage security documentation in an asset based financing environment 
SAQA US ID UNIT STANDARD TITLE
12750  Manage security documentation in an asset based financing environment 
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  12 
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 have broad base of legal knowledge and are able to manage security documentation within an asset based financing environment. 

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. The learner should demonstrate mathematical literacy and communication at NQF level 3. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Process new security documents. 
OUTCOME RANGE 
Suretyship forms, cession and pledge forms, and bond forms relating to the various legal entities such as individuals, sole proprietorships, close corporations, partnerships and companies. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
2.Different types of securities are identified and evaluated in terms of the financing agreement under consideration. 

ASSESSMENT CRITERION 2 
3.Legal jargon and terminology contained within the forms can be explained within the context of the situation. 

ASSESSMENT CRITERION 3 
4.The correct documents and forms for the situation under consideration are selected and completed in accordance with company policy and statutory requirements. 

ASSESSMENT CRITERION 4 
5.The completed forms and documents are verified for legality, accuracy, validity and completeness. 
ASSESSMENT CRITERION RANGE 
Details, signature, authority obtained.
 

ASSESSMENT CRITERION 5 
6.The complete forms are processed according to company policy and statutory requirements. 

ASSESSMENT CRITERION 6 
7.Original security documents are kept securely in accordance with company policy. 

ASSESSMENT CRITERION 7 
1.The legal entity under consideration is correctly identified and their capacity to contract confirmed. 

SPECIFIC OUTCOME 2 
Maintain and administer security documentation. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.Securities are stored in accordance with company policy. 

ASSESSMENT CRITERION 2 
2.Customers are kept informed about any changes in the status of the securities. 
ASSESSMENT CRITERION RANGE 
Obsolescence, realisation, renewal, release.
 

ASSESSMENT CRITERION 3 
3.Obsolete securities are cancelled in accordance with company procedures. 

ASSESSMENT CRITERION 4 
4.Securities are replaced, renewed and updated according to company policy and procedures. 

SPECIFIC OUTCOME 3 
Realise securities. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.Instruction to realise a security is validated for authenticity. 

ASSESSMENT CRITERION 2 
2.Instruction to realise the security is verified with the lending authority. 

ASSESSMENT CRITERION 3 
3.The security is realized according to company procedure. 

ASSESSMENT CRITERION 4 
4.The client account is credited. 

ASSESSMENT CRITERION 5 
5.Administrative procedures for the realization are completed and verified. 

SPECIFIC OUTCOME 4 
Release securities. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1.Instruction to release a security is confirmed for authenticity and validity. 

ASSESSMENT CRITERION 2 
2.The security is released according the company procedure for that security type. 

ASSESSMENT CRITERION 3 
3.Delivery of the security to the authorised recipient is verified by signature. 

ASSESSMENT CRITERION 4 
4.Administrative procedures are completed and signed off. 


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 
    The learner must be able to locate and apply company policies and procedures as they relate to asset based financing applications. The learner should aim to attain competence against Unit Standard ABF009, Adhere to the legal and statutory requirements pertaining to the Asset Based Financing environment, and against Unit Standard ABF010, Perform basic mathematical calculations in a banking environment.

    In addition, they should demonstrate the following knowledge:
  • Detailed product knowledge.
  • Company specific Credit processes.
  • Office administration.
  • Analytical and critical thinking.
    Written and verbal communication skills. 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems using critical and creative thinking processes where judgement based decisions need to be taken. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organize and manage oneself and one's activities responsibly and effectively in this context where a great deal of legal knowledge and attention to detail is required. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, analyse, organise and critically evaluate the large amount of legal information that needs to be processed and managed. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using visual, mathematical and / or language skills in the modes of oral and / or written persuasion when communicating in legal jargon with clients, in order to ensure understanding. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use science and technology effectively and critically, in the management of large amounts of legal information and documentation. 

    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
  • The legal and statutory knowledge required is described in the Unit Standard ABF009.
  • For this unit standard, particular attention should be paid to the knowledge component of the legal issues, including fluent use of legal terminology.
  • All procedures should meet recognised codes of practice as well as the obligations required under current legislation within South Africa.

  • TERMINOLOGY
  • More advanced legal and banking term. 

  • 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.