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: 

Maintain and monitor investment bank accounts 
SAQA US ID UNIT STANDARD TITLE
7222  Maintain and monitor investment bank accounts 
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 4  NQF Level 04 
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 
This unit standard is intended for people dealing with investments. A person credited with this unit standard will be able to renew an investment, take in a notice of withdrawal, close an investment and resolve investment queries. 

UNIT STANDARD OUTCOME HEADER 
Renew an Investment 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Renew an Investment. 
OUTCOME NOTES 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The customer's instruction to renew an investment is authenticated and verified in accordance with company specific requirements. 

ASSESSMENT CRITERION 2 
2. The data is captured accurately. 

ASSESSMENT CRITERION 3 
3. The customer confirmation is dispatched in accordance with company specific requirements. 

SPECIFIC OUTCOME 2 
Take In a Notice of Withdrawal. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The customer's instruction is authenticated in accordance with company specific requirements. 

ASSESSMENT CRITERION 2 
2. The data is captured accurately. 

ASSESSMENT CRITERION 3 
3. The customer is advised of the due date in accordance with the notice period. 

ASSESSMENT CRITERION 4 
4. The pay out instruction is effected according to the customer's request. 

SPECIFIC OUTCOME 3 
Close an Investment Account. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The reason for closure is established in accordance with company specific requirements. 

ASSESSMENT CRITERION 2 
2. The customer's instruction is authenticated and verified in accordance with company specific requirements. 

ASSESSMENT CRITERION 3 
3. The data is captured accurately. 

ASSESSMENT CRITERION 4 
4. The pay out is effected in accordance with company specific requirements and customer instruction. 

ASSESSMENT CRITERION 5 
5. The authority to close the account is obtained in accordance with company specific requirements. 

SPECIFIC OUTCOME 4 
Resolve Investment Queries. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The customer's query is identified and interpreted correctly. 

ASSESSMENT CRITERION 2 
2. The customer's query is resolved by using relevant and supporting information. 

ASSESSMENT CRITERION 3 
3. The outcome of the query is communicated to the customer within company specific turnaround time. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
1. Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.

2. 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.

3. Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures.

Therefore anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution which is accredited by the relevant ETQA. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • knowledge of signing arrangements;
  • knowledge of the security features built into Identity Documents;
  • knowledge of the company's identification policy;
  • knowledge of the computer system used by the company;
  • knowledge of interest calculations;
  • knowledge of the current interest rates;
  • knowledge of the company's products / services relating to investments
  • knowledge of reports/data storage 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    To identify and solve problems when establishing the reason for the closure of the account and when relating to investment queries. 

    UNIT STANDARD CCFO COMMUNICATING 
    To communicate effectively when establishing the customer's needs and when taking and confirming customers instructions. 

    UNIT STANDARD CCFO SCIENCE 
    To use technology effectively when capturing data. 

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

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20185   Further Education and Training Certificate: Banking  Level 4  NQF Level 04  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. Absa Learning & Development 
    3. Advanced Assessments and Training 
    4. Africa Glory Empowerment Services 
    5. Azania Currency and Equity Markets 
    6. Bidvest Bank 
    7. Brainwave Projects 707 
    8. CAMBLISH TRAINING INSTITUTE 
    9. Campion Business School 
    10. Chartall Business College 
    11. Civilkox Trading Enterprise (Pty) Ltd 
    12. Compuscan Academy 
    13. Cornerstone Performance Solutions (Pty) Ltd 
    14. DC Dali Debt Counsellors 
    15. Delmas Development Centre 
    16. Fachs Business Consulting and Training 
    17. Felix Risk Training Consultants 
    18. Fungi Business Consulting (Pty) Ltd 
    19. Gigimo Tourism Academy 
    20. Harambe Trading Enterprise Pty Ltd 
    21. ILUBALETHU PROJECTS 
    22. Jumpstart Your Career 
    23. Lablab Agri Professionals 
    24. Legal Practice Academy 
    25. Mabele NKL Holdings Investments 
    26. Magala Accountants (Pty) Ltd 
    27. Marsillo Consulting 
    28. Masikila Training Solution (Pty) LTd 
    29. MAT 007 (PTY) LTD 
    30. Matibidi Raphela Investments (Pty) LTD 
    31. Ndiwatendi General Enterprise (PTY) Ltd 
    32. Nedbank Ltd 
    33. Newdeal credit Bereaux Solutions and Trainings 
    34. Octomate (Pty) Ltd 
    35. Octopus Training Solutions 
    36. Piquant Trading 
    37. Production Management Institute of Southern Africa 
    38. PTS College 
    39. Retshetse Training Project 
    40. Riaphathutshedza (PTY) LTD 
    41. Roma Training Institute (Pty) Ltd 
    42. Signa Academy 
    43. Simba Skills Consultants 
    44. Sinovuyolethu Trading Pty Ltd 
    45. Standard Bank Personal and Business Banking 
    46. The Facilitation Workshop 
    47. Tseleka Trading Enterprise (Pty) Ltd 
    48. UCS Education and Training Services (Pty) Ltd 
    49. Welltec Academy (Pty) LTD 
    50. XPL Skills Development 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.