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:

Perform basic money market calculations

SAQA US ID	UNIT STANDARD TITLE
13396	Perform basic money market calculations
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	6
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

The learner must be able to locate and apply company policies and procedures as they relate to the money market. This unit standard is intended for those individuals who are new entrants into the money market, who wish to learn the basic computational techniques employed.

The qualifying learner is capable of:

Defining and dividing key money instruments into discount and yield instruments

Applying calculations to discount securities

Applying calculations for yield instruments

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Persons credited with this unit standard are able to work within a treasury or investment environment and to understand the commercial objectives of the operation in which they work. It is required that learners are competent in mathematics at an NQF level four.

UNIT STANDARD RANGE

The typical scope of money market instruments include Treasury bills, Bankers Acceptances, Promissory Notes, Repurchase Agreements and Negotiable Certificates of Deposit.

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Define and divide key money market instruments into discount and yield instruments

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Key features of the money market are explained.

ASSESSMENT CRITERION 2

2. The main money market instruments are contrasted in terms of key features.

ASSESSMENT CRITERION RANGE

Treasury bills, Bankers Acceptances, Promissory Notes, Repurchase Agreements and Negotiable Certificates of Deposit.

ASSESSMENT CRITERION 3

3. The differences between discount and yield instruments are fully explained.

SPECIFIC OUTCOME 2

Apply calculations for discount securities

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The discount amount and consideration of a discount instrument is calculated.

ASSESSMENT CRITERION 2

2. The fair price of a traded bill is calculated.

ASSESSMENT CRITERION 3

3. The equivalent yield of a traded security is calculated.

ASSESSMENT CRITERION 4

4. The difference between a discount rate and an equivalent yield is explained.

SPECIFIC OUTCOME 3

Apply the calculations for yield instruments

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The maturity value of a Certificate of Deposit (CD) at issue is correctly calculated.

ASSESSMENT CRITERION 2

2. The fair price of a secondary market CD based on maturity value is calculated.

ASSESSMENT CRITERION 3

3. The investment return of a Certificate of Deposit is calculated.

ASSESSMENT CRITERION 4

4. An understanding of yield curves and how and why a yield curve takes its shape is demonstrated.

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

Learners can:

1. Perform and apply basic money market calculations.
2. Apply the calculations for discount securities and yield instruments.

UNIT STANDARD DEVELOPMENTAL OUTCOME

N/A

UNIT STANDARD LINKAGES

N/A

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO IDENTIFYING

The learner is able to identify and solve problems relating to the completeness, 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.

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

Terminology:

The learner should be able to define and contextualise the following terms:

Bankers` acceptances, discount and yield instruments, discount securities, money instruments, negotiable certificates of deposit, discount instruments, promissory notes, repurchase agreements, treasury bills, yield instruments, yield curve.

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	20185	Further Education and Training Certificate: Banking	Level 4	NQF Level 04	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.	Assured Vocational Skills Institute (Pty) Ltd
2.	Brainwave Project 707 Pty Ltd
3.	Brainwave Projects 707
4.	Compuscan Academy
5.	dc academy
6.	Fachs Business Consulting and Training
7.	Legal Practice Academy
8.	Matibidi Raphela Investments (Pty) LTD
9.	Octopus Training Solutions
10.	Production Management Institute of Southern Africa
11.	Riskworx Academy Pty Ltd
12.	Signa Academy
13.	SIGNA ACADEMY (PTY) LTD
14.	Sinovuyolethu Trading (Pty) Ltd
15.	THE SHERQ CENTRE OF EXCELLENCE PTY LTD
16.	Welltec Academy (Pty) LTD