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Evidence Guide: FNSFMK403 - Interpret financial markets information

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

FNSFMK403 - Interpret financial markets information

What evidence can you provide to prove your understanding of each of the following citeria?

Relate financial markets information to operational roles

  1. Recognise different sectors that occur within the financial market and relate appropriately to financial market’s operational role
  2. Consistently apply knowledge of relationship between financial market sectors, participants and the economy
  3. Set clear and quantifiable parameters for identification and sourcing of information in accordance with legislative and organisational requirements
  4. Access and interpret market information and data in terms of validity, reliability and relevance to defined operational tasks
Recognise different sectors that occur within the financial market and relate appropriately to financial market’s operational role

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Consistently apply knowledge of relationship between financial market sectors, participants and the economy

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Set clear and quantifiable parameters for identification and sourcing of information in accordance with legislative and organisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Access and interpret market information and data in terms of validity, reliability and relevance to defined operational tasks

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Interpret market information and assess risk

  1. Identify and evaluate economic trends and market developments in terms of potential implications and impacts on operations, including compliance with relevant legislation
  2. Identify potential operational risk for organisation and clients, and determine contingencies to manage risk in accordance with organisational and industry standards
  3. Use sound judgement to ensure consistency of interpretations based on available information sources
Identify and evaluate economic trends and market developments in terms of potential implications and impacts on operations, including compliance with relevant legislation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify potential operational risk for organisation and clients, and determine contingencies to manage risk in accordance with organisational and industry standards

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use sound judgement to ensure consistency of interpretations based on available information sources

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Apply market data

  1. Prioritise market performance, trends and risk identification associated with operational tasks
  2. Apply market data to operational role and report any issues requiring supervision or guidance to relevant persons in accordance with organisational requirements
  3. Apply market information and data to operations in accordance with relevant legal and ethical constraints and organisational requirements
Prioritise market performance, trends and risk identification associated with operational tasks

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Apply market data to operational role and report any issues requiring supervision or guidance to relevant persons in accordance with organisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Apply market information and data to operations in accordance with relevant legal and ethical constraints and organisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Relate financial markets information to operational roles

1.1 Recognise different sectors that occur within the financial market and relate appropriately to financial market’s operational role

1.2 Consistently apply knowledge of relationship between financial market sectors, participants and the economy

1.3 Set clear and quantifiable parameters for identification and sourcing of information in accordance with legislative and organisational requirements

1.4 Access and interpret market information and data in terms of validity, reliability and relevance to defined operational tasks

2. Interpret market information and assess risk

2.1 Identify and evaluate economic trends and market developments in terms of potential implications and impacts on operations, including compliance with relevant legislation

2.2 Identify potential operational risk for organisation and clients, and determine contingencies to manage risk in accordance with organisational and industry standards

2.3 Use sound judgement to ensure consistency of interpretations based on available information sources

3. Apply market data

3.1 Prioritise market performance, trends and risk identification associated with operational tasks

3.2 Apply market data to operational role and report any issues requiring supervision or guidance to relevant persons in accordance with organisational requirements

3.3 Apply market information and data to operations in accordance with relevant legal and ethical constraints and organisational requirements

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Relate financial markets information to operational roles

1.1 Recognise different sectors that occur within the financial market and relate appropriately to financial market’s operational role

1.2 Consistently apply knowledge of relationship between financial market sectors, participants and the economy

1.3 Set clear and quantifiable parameters for identification and sourcing of information in accordance with legislative and organisational requirements

1.4 Access and interpret market information and data in terms of validity, reliability and relevance to defined operational tasks

2. Interpret market information and assess risk

2.1 Identify and evaluate economic trends and market developments in terms of potential implications and impacts on operations, including compliance with relevant legislation

2.2 Identify potential operational risk for organisation and clients, and determine contingencies to manage risk in accordance with organisational and industry standards

2.3 Use sound judgement to ensure consistency of interpretations based on available information sources

3. Apply market data

3.1 Prioritise market performance, trends and risk identification associated with operational tasks

3.2 Apply market data to operational role and report any issues requiring supervision or guidance to relevant persons in accordance with organisational requirements

3.3 Apply market information and data to operations in accordance with relevant legal and ethical constraints and organisational requirements

Evidence of the ability to:

work within the legal and ethical constraints for financial markets operations and comply with organisational requirements

source, collect and interpret, using appropriate parameters, relevant financial markets information

make operational judgements using the correct interpretation of data.

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:

identify key roles played by market participants, intermediaries and issuers including:

ASX

custodians

managed fund providers

retail and wholesale clients

superannuation fund providers

financial service providers

banks

brokers

building societies

financial companies

friendly societies

interpret key features of the economic environment including:

broad characteristics and impacts of economic and business cycles

government monetary and fiscal policies

interest rates, exchange rates and inflation

trends and market development affecting the information being analysed

explain the key interrelationships between industry sectors and financial markets

compare and contrast:

sources of market and comparative data

statistical reporting formats

data collection and management systems

outline key parameters for evaluating information

describe the key features of:

relevant legislation, including privacy and freedom of information legislation

ethical constraints and codes of practice

organisational policy, guidelines, goals and objectives

risk identification and mitigation techniques.