List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.
ELEMENT | PERFORMANCE CRITERIA |
Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
1. Process transaction documentation | 1.1 Check transaction documentation received from dealer promptly for accuracy and completion according to organisational guidelines 1.2 Enter details on transaction documentation into organisational dealing system using appropriate technology 1.3 Review organisational records to ensure that master agreements are in place before confirmation processes are conducted |
2. Complete confirmation processes | 2.1 Produce and forward organisational confirmation documentation to client for approval and authorisation 2.2 Receive authorised confirmation documentation and complete financial transaction according to confirmed settlement procedures and organisational and industry requirements 2.3 Forward confirmation documentation to client outlining settlement exchange details |
Evidence of the ability to:
interpret and comply with organisational and industry settlement and confirmation procedures
use transaction processing systems
process transaction documentation
complete confirmation processes.
Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.
To complete the unit requirements safely and effectively, the individual must: :
describe the key features and processes relating to master agreement instructions
describe the key features of:
organisational and industry confirmation systems and procedures
organisational and industry settlement systems and procedures
organisational policy and procedures.
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial markets field of work and include access to:
office equipment, technology, software and consumables
an integrated financial software system and data.
Assessors must satisfy NVR/AQTF assessor requirements.