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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Conduct an analysis of a personal banking customer's financial position 
SAQA US ID UNIT STANDARD TITLE
7234  Conduct an analysis of a personal banking customer's financial position 
ORIGINATOR
SGB Financial Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
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  12 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2003-12-03  2004-08-11  SAQA 1351/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2005-08-11   2008-08-11  

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 is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
114759  Conduct an analysis of a personal banking customer's financial position  Level 4  NQF Level 04  8   

PURPOSE OF THE UNIT STANDARD 
This unit standard is intended for persons who sell products for which credit decisions need to be made. Persons credited with this unit standard will be able to analyse a customer's financial history and balance sheet, establish the creditworthiness of the customer, create an overall financial profile for the customer and submit a motivation for credit approval. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
It is recommended that this unit standard be obtained in conjunction with the unit standard to establish the financial situation of the customer (SFS 001). 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Analyse the customer's financial history. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. The source(s), amount, regularity and stability of the customer's income is determined according to the bank's guidelines. 
ASSESSMENT CRITERION RANGE 
Including but not limited to salary, allowances, benefits, rental, dividends, investments, other income (specified).
 

ASSESSMENT CRITERION 2 
2. The full range of the customer's income is verified in line with banking requirements. 
ASSESSMENT CRITERION RANGE 
Including but not limited to salary slip, auditor's certificate, other income, dividend certificates, bank statements, audited balance sheets, management accounts.
 

ASSESSMENT CRITERION 3 
3. The customer's fixed and variable expenditures are listed, specifying the types, and amounts of expenditure. 

ASSESSMENT CRITERION 4 
4. The income and expenditure are compared in order to establish the customer's ability to repay. 

ASSESSMENT CRITERION 5 
5. The income and expenditure are verified against liabilities listed on the balance sheet. 

SPECIFIC OUTCOME 2 
Analyse the balance sheet. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. All the assets owned by the customer are listed as required by the bank's policy. 
ASSESSMENT CRITERION RANGE 
Including but not limited to cash, assurance policies, household goods, residential properties, vehicles, stocks and shares, items of intrinsic value, agricultural property, commercial property, loan accounts, debtors, intangibles.
 

ASSESSMENT CRITERION 2 
2. The ownership of the assets is verified by completing standard checks as per the bank's policy. 

ASSESSMENT CRITERION 3 
3. The assets are assessed and value attributed as stipulated by the bank's procedures. 

ASSESSMENT CRITERION 4 
4. The customer's liabilities are determined by means of a credit check and a comparison to the expenditure statement. 

ASSESSMENT CRITERION 5 
5. Assets and liabilities are compared to calculate current solvency in line with the bank's policy. 

SPECIFIC OUTCOME 3 
Establish the creditworthiness of the customer. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. The contractual capacity of the customer is determined in line with the bank's policy. 

ASSESSMENT CRITERION 2 
2. The banking history of the customer is determined according to the bank's procedures. 

ASSESSMENT CRITERION 3 
3. The customer's credit standing is established by ensuring that the required credit checks are available. 

ASSESSMENT CRITERION 4 
4. Using the information collected, the customer's ability to repay is assessed according to the bank's procedures. 

SPECIFIC OUTCOME 4 
Create an overall financial profile for the customer. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. Relevant documentation is obtained from the customer according to the bank's requirements. 
ASSESSMENT CRITERION RANGE 
Including but not limited to copy of I.D., proof of income, auditing certificates, rental agreements.
 

ASSESSMENT CRITERION 2 
2. The available financial information is summarised in the format required by the bank. 

ASSESSMENT CRITERION 3 
3. In discussion with the customer, the information is reviewed and verified for accuracy. 

SPECIFIC OUTCOME 5 
Submit the motivation for credit approval. 

ASSESSMENT CRITERIA 

ASSESSMENT CRITERION 1 
1. A report is completed motivating the approval/decline of the required credit as per the bank's requirements. 

ASSESSMENT CRITERION 2 
2. The report is submitted to the relevant credit authority. 


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 
  • An understanding of all relevant banking policies and procedures
  • An understanding of basic elements of credit risk and basic principles of sound lending
  • Broad knowledge of relevant banking products
  • The ability to understand and analyse financial statements
  • The ability to apply financial analysis skills to evaluate an individual's financial standing
  • The ability to express analysis and judgement clearly in writing
  • Operating and computer systems knowledge, sufficient to obtain the necessary information and complete the task 
    		•


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation and community when the report is submitted to the relevant credit authority. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively when a report is completed motivating the approval/decline of the required credit as per the bank's requirements. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information when the available financial information is summarised in the format required by the bank. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations when in discussion with the customer, the information is reviewed and verified for accuracy. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically (showing responsibility towards the environment and health of others) when the customers' liabilities are determined by means of a credit check and a comparison to the expenditure statement. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems when using the information collected, the customer's ability to repay is assessed according to the bank's procedures. 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 114759, which is "Conduct an analysis of a personal banking customer's financial position", Credits 8, NQF Level 4 as from 11 Aug 2004.

    Legal Requirements:

    All procedures must meet recognised codes of practice as well as obligations required under 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
    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. Riverwalk Trading 151 CC trading as Culhane Consulting 
    19. SIGNA ACADEMY (PTY) LTD 
    20. Sinovuyolethu Trading (Pty) Ltd 
    21. 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.