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:

Authorise and release foreign exchange payments in a banking environment

SAQA US ID	UNIT STANDARD TITLE
7146	Authorise and release foreign exchange payments in a banking environment
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 3	NQF Level 03	5
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

Persons credited with this unit standard will be able to verify the relevant information on a source document and then release the transaction. Competence must be demonstrated in the processing of two types of payment.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Open.

UNIT STANDARD RANGE

Including but not limited to customer foreign currency, trade payments, domestic deposits and loans, transfer of funds, book transfers, credit Vostro, inter-department payments, interbank payments, customer payments, Nostro payments, CFC payments, batch data entries, online money transfers.

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Verify the relevant information on the source document

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. The information is received according to standard procedures.

ASSESSMENT CRITERION 2

2. The information is received according to standard procedures.

ASSESSMENT CRITERION 3

3. The information on the source document is verified by comparing it to the information on the system prior to authorising.

ASSESSMENT CRITERION RANGE

Including but not limited to signatures, account numbers, client names.

SPECIFIC OUTCOME 2

Release the transaction

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. All instructions are read accurately to prevent any potential loss.

ASSESSMENT CRITERION 2

2. The transaction is released as per system requirements.

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

Accreditation process (including moderation):

Anyone assessing a learner against this unit standard must be registered as an assessor 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.

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

an understanding of all relevant banking policies and procedures

relevant product knowledge

an understanding of the workflow

operating and computer systems knowledge sufficient to locate the necessary information and complete the task

an understanding of operational risk

relevant security precautions

knowledge of procedures related to dealing with foreign banks

knowledge of exchange rates and currencies

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO COLLECTING

The learner demonstrates the ability to collect, organise and critically evaluate information when the information is received according to standard procedures.

UNIT STANDARD CCFO COMMUNICATING

The learner demonstrates the ability to communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations when all instructions are read carefully according to the banks procedures to prevent any potential loss.

REREGISTRATION HISTORY

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

UNIT STANDARD NOTES

Legal requirements:

All procedures must meet recognised codes of practice as well as obligations required under current legislation.

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Elective	20184	National Certificate: Banking	Level 3	NQF Level 03	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.	Fachs Business Consulting and Training
2.	SIGNA ACADEMY (PTY) LTD
3.	Trainers Without Borders