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. Compile and analyse financial information and data | 1.1 Identify sources of financial data relating to financial products and financial markets for analysis purposes and collect according to organisational practices 1.2 Analyse financial data using standard financial market investment concepts to evaluate current market position and review this data against selected financial products |
2. Calculate transaction price | 2.1 Formulate financial transaction price using standard organisational practices and taking into account a range of organisational price impacts 2.2 Review price calculated against client requirements and adjust as required 2.3 Advise client of financial transaction price in accordance with organisational guidelines |
3. Record financial transaction | 3.1 Confirm client acceptance of financial transaction price according to organisation requirements and complete relevant transaction documentation as necessary 3.2 Enter all transaction details into organisation’s dealing systems 3.3 Report details of transaction to authorised trade repository where required by regulation |
Evidence of the ability to:
compile financial information and data, and analyse to determine price impacts
calculate financial prices
record financial transactions.
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:
compare and contrast the range of financial market products that can be traded
assess the impact of the following key economic features on pricing financial products:
economic and business cycles
monetary and fiscal policies
interest rates, exchange rates and inflation
describe key features of financial markets operating software systems
analyse and discuss issues relating to risk and implications of financial positions
describe relevant mathematical principles and methodologies for pricing financial products and transactions.
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
financial services product information
dealing system and data.
Assessors must satisfy NVR/AQTF assessor requirements.