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: 

Process Inward Foreign Documentary Collections (FBC'S) in a banking environment 
SAQA US ID UNIT STANDARD TITLE
117850  Process Inward Foreign Documentary Collections (FBC'S) 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 4  NQF Level 04  7 
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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
7371  Process Inward Foreign Documentary Collections (FBC's) in a banking environment  Level 6  Level TBA: Pre-2009 was L6  18   

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for a person who processes Inward Documentary Collections.

A person credited with this Unit Standard will be able to:
  • Check documents
  • Process the documents
  • Process payments 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in:
  • Communications at NQF Level 3
  • Mathematical Literacy at NQF level 3
  • Computer Literacy at NQF Level 3.
  • The Unit Standard entitled, "Sell Foreign Instruments to a customer in a banking environment" 
    		•

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Check the documents. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The covering schedule is checked to ascertain that complete information is providedby the customer. 

    ASSESSMENT CRITERION 2 
    The schedule is identified and interpreted correctly. 
    ASSESSMENT CRITERION RANGE 
    Current ICC Uniform Rules for Collection, Release Instructions, Payment Instructions, Avalising, Protesting, Return Bill.
     

    ASSESSMENT CRITERION 3 
    The reason for the transaction is checked for compliance with exchange control rulings and/or regulations. 

    ASSESSMENT CRITERION 4 
    The Bill of Exchange is checked for technical correctness in terms of the Bills of Exchange Act, if applicable. 

    ASSESSMENT CRITERION 5 
    The documents are checked to ascertain that they are as listed on the collection schedule. 

    ASSESSMENT CRITERION 6 
    The documents are checked for consistency and that they relate to each other. 
    ASSESSMENT CRITERION RANGE 
    Amounts, Tenor, Drawee, Drawer, Currency.
     

    SPECIFIC OUTCOME 2 
    Process the documents. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The invoices, transport documents and Bill of Exchange are stamped in terms of the Bill of Exchange Act & SARB rulings and regulations 

    ASSESSMENT CRITERION 2 
    The stamp duty is calculated and affixed to the Bill of Exchange and the insurance certificate/policy in accordance with the Stamp Duty Act. 

    ASSESSMENT CRITERION 3 
    Messages are sent correctly at the appropriate stages in the life cycle of the collection. 
    ASSESSMENT CRITERION RANGE 
    On Receipt (MT410), On Acceptance (MT412), Queries (MT495)
     

    ASSESSMENT CRITERION 4 
    An advice is prepared for the customer in accordance with company specific requirements. 
    ASSESSMENT CRITERION RANGE 
    Instructions from the Remitting Bank, Principal Foreign Amount, Provisional Rand Amount, Foreign Charges, Provisional Exchange Rate, Local Charges and List of Documents.
     

    ASSESSMENT CRITERION 5 
    The Bill is prepared & presented for payment or acceptance in terms of the Remitting Bank's instructions 

    ASSESSMENT CRITERION 6 
    The Bill is checked on acceptance from the customer in terms of the Bills of Exchange Act,. 
    ASSESSMENT CRITERION RANGE 
    Material alterations, date, signature
     

    ASSESSMENT CRITERION 7 
    The documents are released in accordance with foreign bank's instructions and or business specific indemnities. Evidence is required for the full range. 
    ASSESSMENT CRITERION RANGE 
    Documents on Payment (DP), Documents on Acceptance (DA), Documents on Acceptance & on Payment ( Acceptance D/P).
     

    ASSESSMENT CRITERION 8 
    The date to obtain the Bill of Entry is diarised & followed up in accordance with SARB Rulings 

    SPECIFIC OUTCOME 3 
    Process the Payment. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The relevant entries are generated or prepared and processed correctly and in accordance with business specific requirements and risk evaluation, including but not limited to the range. 

    ASSESSMENT CRITERION 2 
    A Form A is completed and reported in accordance with SARB rulings 

    ASSESSMENT CRITERION 3 
    Payment messages are sent correctly to the Remitting Bank or the Destination Bank. 
    ASSESSMENT CRITERION RANGE 
    On Payment MT400, MT100, MT202, MT205, Telegraphic Transfers.
     


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA,or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA or with an ETQA that has a Memorandum of Understanding 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 or with an ETQA that has a Memorandum of Understanding with the relevant ETQA
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • The different SWIFT messages
  • ICC Rules for Collection
  • Reimbursing Arrangements
  • Currencies of the different countries
  • How to note and protest a bill for non-acceptance and/or non-payment in terms of the current ICC Uniform Rules for Collection, Statutory Requirements and Company Specific Procedures. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO WORKING 
    To work effectively with others as a member of an organisation when completing a Form A according to the rules & regulations laid down by the SARB. 

    UNIT STANDARD CCFO COLLECTING 
    To critically evaluate information when the covering schedule is checked to ensure that complete information is provided, the reason for the transaction is checked for compliance with the exchange control rulings & regulations, the Bill of Exchange is checked for technical correctness in terms of the Bills of Exchange Act and the Bill is checked on acceptance for the customer in terms of the Bills of Exchange Act for material alterations, date, signature, etc. 

    UNIT STANDARD CCFO COMMUNICATING 
    To communicate effectively using visual & language skills in oral & written presentations when messages are sent correctly at the appropriate stages in the life cycle of the collection, an advice is prepared for the customer in accordance with company specific requirements, the Bill is prepared and presented for payment or acceptance in terms of the remitting bank's instructions and payment messages are sent correctly to the remitting bank or the destination bank 

    UNIT STANDARD CCFO SCIENCE 
    To use technology effectively when using the computer to send messages correctly at the appropriate stages in the life cycle of the collection. 

    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 
    This unit standard replaces unit standard 7371, "Process Inward Foreign Documentary Collections (FBC'S) in a banking environment", Level 6, 18 credits.

    Legal:
  • Bills of Exchange Act
  • South African Reserve Bank Exchange Control Ruling
  • Stamp Duty Act
  • Code of Banking Practice

    Terminology:
  • ZAPS - South African Payment System
  • ICC - International Uniform Rules for Collection
  • Avalising - To guarantee the Bill
  • Forfeiting - Discounting a Bill
  • RTGS 
    		•

    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. 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. Compuscan Academy 
    8. DC Academy 
    9. Delmas Development Centre 
    10. Fachs Business Consulting and Training 
    11. Gigimo Tourism Academy 
    12. MAT 007 (PTY) LTD 
    13. Matibidi Raphela Investments (Pty) LTD 
    14. Octomate Education Pty Ltd 
    15. Octopus Training Solutions 
    16. Production Management Institute of Southern Africa (Pty) Ltd 
    17. RIAPHATHUTSHEDZA 
    18. Signa Academy (Pty) Ltd 
    19. Sinovuyolethu Trading (Pty) Ltd 
    20. THE SHERQ CENTRE OF EXCELLENCE 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.