SAQA

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SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE:

Demonstrate knowledge and understanding of the basics of security for finance

SAQA US ID	UNIT STANDARD TITLE
13416	Demonstrate knowledge and understanding of the basics of security for finance
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
2026-06-30		2029-06-30

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 all learners in the field of mortgage finance as it provides an introduction to the application of concepts, terms, and legislation relevant to securities in the context of mortgage finance.

Persons credited with this unit standard will be able to demonstrate knowledge and understanding of the principles related to security, requirements for legally binding security documentation, contractual capacity of individuals and non-individuals.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

There is open access to this unit standard. Learners should be competent in Communication at level 3.

UNIT STANDARD RANGE

N/A

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Demonstrate knowledge and understanding of the principles related to security

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The concept of what security is and why it is required in relation to advancing finance is explained in own words with the use of examples according to general financial principles and general banking policy and practice.

ASSESSMENT CRITERION 2

2. The characteristics of good security are explained according to general financial principles and general banking policy and practice.

ASSESSMENT CRITERION 3

3. The different types/ forms of security are identified and defined/ explained according to the basic legal definition and the general banking policy and procedure.

ASSESSMENT CRITERION RANGE

Cessions, pledge, guarantee, surety-ship, mortgage bond, notarial bond. Evidence of competence across the full range is required.

ASSESSMENT CRITERION 4

4. The basic terminology associated with security is explained according to the common legal definition of the parties.

ASSESSMENT CRITERION RANGE

The different parties to the documents cessions, pledge, guarantee, surety-ship, mortgage bond, notarial bond. Evidence of competence across the full range is required.

SPECIFIC OUTCOME 2

Demonstrate an understanding of the requirements for legally binding security documentation

OUTCOME NOTES

Demonstrate a knowledge and understanding of the requirements for legally binding security documentation.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The different types of security forms/ documentation are identified.

ASSESSMENT CRITERION RANGE

Cessions, pledge, guarantee, surety-ship, mortgage bond, notarial bond. Evidence of competence across the full range is required.

ASSESSMENT CRITERION 2

2. The requirements for valid security documentation are understood and explained according to basic legal requirements and general banking policy and practice.

ASSESSMENT CRITERION 3

3. A set of security documents, are completed according to the requirements for valid security documentation.

ASSESSMENT CRITERION 4

4. A completed set of security documents, are evaluated against the requirements for valid security documentation.

ASSESSMENT CRITERION 5

5. The legal and financial implications to the financier of errors in security documentation are understood and explained with the use of examples according to general banking policy and practice.

SPECIFIC OUTCOME 3

Demonstrate knowledge and understanding of the contractual capacity of individuals

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The different kinds of individual borrowers are identified and defined according to their legal contractual capacity.

ASSESSMENT CRITERION RANGE

Minors, majors, married people, insolvent and incapacitated individuals.

ASSESSMENT CRITERION 2

2. The requirements for contracts with a minor are explained according to the legal requirements of contractual capacity.

ASSESSMENT CRITERION 3

3. The conditions under which mutual consent of married people is required is identified and explained according to the legal requirements for contractual capacity.

ASSESSMENT CRITERION 4

4. The special considerations relating to the contractual capacity of insolvent individuals is understood and explained according to the legal requirements of contractual capacity.

ASSESSMENT CRITERION 5

5. The special considerations relating to the contractual capacity of incapacitated individuals is understood and explained according to the legal requirements of contractual capacity.

ASSESSMENT CRITERION 6

6. The impact of contractual capacity of the individual on the validity of security documentation is explained according to the legal implications and requirements.

SPECIFIC OUTCOME 4

Demonstrate knowledge and understanding of the contractual capacity of non-individuals

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The different kinds of non-individual borrowers are identified and defined according to their legal contractual capacity.

ASSESSMENT CRITERION RANGE

Partnerships, close corporations, companies, trusts. Evidence of competence across the entire range is required.

ASSESSMENT CRITERION 2

2. The parties legally able enter into a contract on behalf of a non-individual are identified and their role explained according to basic legal requirements.

ASSESSMENT CRITERION 3

3. The information and documentation required to establish contractual capacity of non-individuals is identified and explained according to the basic legal requirements.

ASSESSMENT CRITERION 4

4. The information and documentation required to contract/sign security documentation with non-individuals is identified and explained according to general banking policy and practice in contracting with non-individuals.

ASSESSMENT CRITERION 5

5. The impact of contractual capacity of non-individual's on the validity of security documentation is explained according to the legal implication and requirements.

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 that is accredited by the relevant ETQA.

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

The knowledge acquired in this standard relates to an understanding of the principles and documents related to security documentation. This includes who can sign documentation and what is required to validly bind an asset to the bank as a form of security for a loan. The criteria against which this knowledge is evaluated are expressed in the standard.

UNIT STANDARD DEVELOPMENTAL OUTCOME

N/A

UNIT STANDARD LINKAGES

N/A

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO IDENTIFYING

In this standard the learner demonstrates the ability to identify and solve problems when the legal and financial implications to the financier of errors in security documentation are understood and explained with the use of examples according to general banking policy and practice.

UNIT STANDARD CCFO COLLECTING

In this standard the learner demonstrates the ability to collect, organise and critically evaluate information when a completed set of security documents, are evaluated against the requirements for valid security documentation.

UNIT STANDARD CCFO CONTRIBUTING

In this standard the learner demonstrates the ability to understand and explain the relationship between what security is and why it is required in relation to advancing finance with the use of examples according to general financial principles and general banking policy and practice.

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

Additional information:

Legal requirements:

All procedures must meet recognised codes of practice as well as obligations required by current legislation within South Africa and within the normal parameters of the defined job/task.

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Core	57901	Further Education and Training Certificate: Credit Management	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	FASSET
Elective	20185	Further Education and Training Certificate: Banking	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	BANKSETA
Elective	49021	Further Education and Training Certificate: Debt Recovery	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	FASSET

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.	Advanced Assessments and Training (Pty) Ltd
3.	Africa Glory Empowerment Services
4.	Assured Vocational Skills Institute (Pty) Ltd
5.	Brainwave Project 707 Pty Ltd
6.	Brainwave Projects 707
7.	DC Academy
8.	Delmas Development Centre
9.	Fachs Business Consulting and Training
10.	Gigimo Tourism Academy
11.	MAT 007 (PTY) LTD
12.	Matibidi Raphela Investments (Pty) LTD
13.	Octomate Education Pty Ltd
14.	Octopus Training Solutions
15.	Production Management Institute of Southern Africa (Pty) Ltd
16.	RIAPHATHUTSHEDZA
17.	SIGNA ACADEMY (PTY) LTD
18.	Sinovuyolethu Trading (Pty) Ltd
19.	THE SHERQ CENTRE OF EXCELLENCE PTY LTD