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 THAT HAS PASSED THE END DATE: 

Monitor, interpret and process all corporate events, and entitlements on holdings 
SAQA US ID UNIT STANDARD TITLE
117760  Monitor, interpret and process all corporate events, and entitlements on holdings 
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 6  Level TBA: Pre-2009 was L6  25 
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
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 
This Unit Standard is intended for persons who conduct administrative functions in the middle and back office in an Asset Management environment.

A person credited with this Unit Standard will be able to:
  • Demonstrate an understanding of principles, process, and risks, of corporate events and entitlements on holdings.
  • Demonstrate an understanding of types and impact of corporate events and entitlement on holdings.
  • Perform monitoring process using relevant data sources.
  • Process corporate events on to the investment administration system. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in:
  • Mathematical Literacy at NQF Level 4
  • Communication at NQF Level 4
  • Accountancy or Economics at NQF Level 5. 
    		•

    UNIT STANDARD RANGE 
    The scope of this Unit Standard looks at Corporate Events and Entitlements, which are dividend related and non-dividend related:

    Dividend Related
  • Equities
  • Corporate Activities
  • Interest
  • Cash dividends
  • Capitalisation issues (bonus issues)
  • Dividends in specie
  • Dividend options (formerly scrip dividends)

    Non Dividend Related
  • Capital reductions
  • Consolidations
  • Capital repayments
  • Conversions
  • Mergers
  • Name changes
  • Proxies
  • Redemptions
  • Share splits
  • Special corporate events
  • Takeovers
  • Terminations
  • Unbundling 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrate an understanding of principles, process, and risks of corporate events and entitlements on holdings. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Principles of corporate events and entitlements for all investment instruments are defined as per market practice. 

    ASSESSMENT CRITERION 2 
    Processes of corporate events and entitlements are explained for all investment instruments as per market practice. 

    ASSESSMENT CRITERION 3 
    Operational risks associated with corporate events and entitlements are explained as per defined investment instruments. 

    ASSESSMENT CRITERION 4 
    Processing of corporate events and entitlements and the impact on the resulting accounting entries are determined as per company policy. 

    SPECIFIC OUTCOME 2 
    Demonstrate an understanding of types and impact of corporate events and entitlement on holdings. 
    OUTCOME RANGE 
    Impact types may include, but is not limited to Book Value, Market Value, Holdings, Realised and Unrealised profits and losses, Derivatives, Cash, transactions generated arising out of Corporate Actions. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Corporate event types are identified for all the investment instruments as per market practice. 

    ASSESSMENT CRITERION 2 
    Non-dividend and dividend corporate events are identified and defined for all investment instruments as per market practice. 

    ASSESSMENT CRITERION 3 
    Impact of the corporate events is identified for each instrument as per company procedure. 

    SPECIFIC OUTCOME 3 
    Perform monitoring process using relevant data sources. 
    OUTCOME RANGE 
    Data Sources include but are not limited to Financial Press, Company Secretaries, CSDP's, Exchanges, Electronic Data Vendors 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Sources of corporate action information are identified as per defined procedure. 

    ASSESSMENT CRITERION 2 
    Integrity of data sources is verified as per defined procedure. 

    ASSESSMENT CRITERION 3 
    Queries raised on anomalies are resolved as per company procedure. 

    SPECIFIC OUTCOME 4 
    Process corporate events on to the investment administration system. 
    OUTCOME RANGE 
    Corporate Events may be processed in the following ways, but are not limited to theses ways only, Elections, Instructions and Proxy Voting. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The event type is identified to determine the capturing procedure to follow as per company procedure. 

    ASSESSMENT CRITERION 2 
    Corporate event information is processed onto identified administration system as per company procedure. 

    ASSESSMENT CRITERION 3 
    Reconciliation of corporate event is conducted with custodian holdings as per company procedure. 


    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 
  • The different types of corporate events within the organisation and how these are processed.
  • The impact that corporate events has on the organisation. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems relating to the impact of corporate events and entitlement on holdings. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate principles, process, and risks, of corporate events and entitlements on holdings. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology to process corporate events on to the investment administration system 

    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 
    Supplementary information:

    Terminology:

    Terminology relating to the Financial Markets can be found in "Who owns Whom's Dictionary of Stock Market Terms". ISBN 1-919850-04-X 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    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. Chartall Business College 
    3. DC Academy 
    4. Fachs Business Consulting and Training 
    5. Injabulo Home Grown Learning and Development Solutions 
    6. Maharishi Invincibility Institute NPC 
    7. MAT 007 (PTY) LTD 
    8. Novia One Group (Pty) Ltd 
    9. Octomate Education Pty Ltd 
    10. Octopus Training Solutions 
    11. RIAPHATHUTSHEDZA 
    12. The Graduate Institute of Financial Sciences (Pty) Ltd 
    13. The Institute of Literacy Advancement 
    14. 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.