Required skills

welldeveloped communication skills to

determine and confirm counterparty and organisational requirements using questioning and active listening as required

liaise with team members and peers share information listen and understand

use language and concepts appropriate to cultural differences

numeracy and IT skills to

deal with collateral transactions and processes

use internet information

highly developed research and analysis skills for

accessing interpreting and managing complex information

identifying gaps in information and gathering necessary information from alternative sources

welldeveloped literacy skills to

read and interpret market information

identify economic environmental factors which affect financial services and markets

judgement skills for making financial decisions in complex situations and meeting organisational policies and procedures

organisational skills including the ability to

plan and sequence own work

work effectively in a constantly changing environment

selfmanagement skills for complying with ethical legal and procedural requirements

Required knowledge

understanding of the economic environment including

characteristics and impacts of economic and business cycles

government monetary and fiscal policies

interest rates exchange rates and inflation

the range of market collateral products

organisational requirements relating to collateral agreements

financial risk analysis techniques

financial markets report structures and characteristics

organisational transaction limits

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to

manage collateral agreements and transactions and enter details in organisational systems

evaluate and adjust financial positions

interpret and comply with organisational trading rules and limits

Context of and specific resources for assessment

Assessment must ensure

competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment

access to and the use of a range of common office equipment technology software and consumables

access to financial markets product information

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge The following examples in combination are appropriate for this unit

evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency

verbal or written questioning on underpinning knowledge and skills

setting and reviewing business simulations or scenarios

accessing and validating third party reports

Guidance information for assessment

A credit support document (CSD) is:

Market to market (MTM) is:

NB A minimum transfer amount for single trades is a minimum amount that can be called and transferred to avoid costs of small transfers.

Netting:

Organisational guidelines and credit limits may include:

Financial products may include:

Transaction details may include:

Non-cash collateral valuation percentages (sometimes called a 'haircut') apply to:

Threshold amounts are:

A break clause:

Disputes may arise due to: