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: 

Demonstrate an understanding of the international financial environment 
SAQA US ID UNIT STANDARD TITLE
118026  Demonstrate an understanding of the international financial environment 
ORIGINATOR
SGB Diplomacy, Protocol and Foreign Affairs Assist 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 08 - Law, Military Science and Security Sovereignty of the State 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6  7 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Registered" 		 2005-04-13  2008-04-13  SAQA 1059/05 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2009-04-13   2012-04-13  

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 has as its core purpose qualifying learners with in depth knowledge of the international financial infrastructure. It constitutes the foundational knowledge that is required by foreign economic representatives to operate in the international financial environment to advance the interests of South Africa in international trade and investment. Qualifying learners will be able to:
  • Identify the reasons for the flow of funds internationally
  • Indicate how the international financial infrastructure facilitates the flow of funds between countries
  • Outline the key financial considerations which should be taken into account by exporters and importers when entering into international trade transactions
  • Outline the risks inherent in trade related financial transactions 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this unit standard are assumed to have completed a level 6 qualification in the field of Business, Commerce and Management or its RPL equivalent 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Evaluate the reasons for the flow of funds internationally. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The reason why trade facilitates the international flow of funds is evaluated against relevant information. 

    ASSESSMENT CRITERION 2 
    The reason why investment facilitates the international flow of funds is evaluated against relevant information. 

    ASSESSMENT CRITERION 3 
    The reason why loans facilitate the international flow of funds is evaluated against relevant information. 

    ASSESSMENT CRITERION 4 
    The reason why aid and donations facilitate the international flow of funds is evaluated against relevant information. 

    SPECIFIC OUTCOME 2 
    Indicate how the international financial infrastructure facilitates the flow of funds between countries. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The roles played by commercial, national and multilateral institutions in international trade are discussed 

    ASSESSMENT CRITERION 2 
    Regulations affecting the flow of funds internationally are identified and compared. 
    ASSESSMENT CRITERION RANGE 
    Exchange controls and bank regulations
     

    ASSESSMENT CRITERION 3 
    The impact of the technological environments of parties entering into trade agreements on the flow of funds is determined. 

    SPECIFIC OUTCOME 3 
    Apply the key financial considerations which should be taken into account by exporters and importers when entering into international trade transactions. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Various methods of financing international operations are applied in the correct instances. 
    ASSESSMENT CRITERION RANGE 
    Forfeiting, Overdrafts, Loans, Offshore financing, Discounting, Confirming
     

    ASSESSMENT CRITERION 2 
    Various payment methods and arrangements are identified and applied in the correct instances. 
    ASSESSMENT CRITERION RANGE 
    Cash in advance, Cash on consignment, Bank collections, Letters of credit, Open accounts, Credit cards, E-Commerce payments
     

    SPECIFIC OUTCOME 4 
    Determine the risks inherent in trade related financial transactions. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Different financial risks that can be encountered in international trade are determined according to current best business practice. 
    ASSESSMENT CRITERION RANGE 
    Transaction risk, Buyer risk, Country risk, Transfer risk, Bank risk and Exchange risk
     

    ASSESSMENT CRITERION 2 
    Precautions against financial risks are determined examining the elements of each risk 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Any institution offering learning that will enable achievement of this unit standard must be accredited as a provider with the relevant ETQA. The moderation requirements of the ETQA must be met in order to award credits to learners for this unit standard 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • International finance
  • Risk assessment 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyze, organize and critically evaluate information: Explaining the international financial environment entails collecting information about the international trade infrastructure, organizing that information and critically evaluating the information. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively: To explain the international financial environment entails a high level ability to communicate 

    UNIT STANDARD ASSESSOR CRITERIA 
    Anyone assessing learners against this unit standard must be registered as an assessor with the relevant ETQA and must have a level 6 qualification in the field of Business, Commerce and Management and least have served a term as a Foreign Economic Representative. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Fundamental  49055   National Certificate: Foreign Economic Representation  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  PSETA 


    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.