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
What evidence can you provide to prove your understanding of each of the following citeria?
Hedge financial transaction
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Financial data is reviewed to determine if financial product requires hedging before entering into transaction Completed |
Evidence:
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Own risk profile and tolerance is determined prior to hedging and hedging instrument choices are selected that will be entered into to assist the transaction Completed |
Evidence:
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Enter hedge transaction into organisational system
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Counterparty approval is gained and confirmed before entering into hedge transaction and new hedge deal is transacted with counterparties in accordance with organisational guidelines, credit and other desk limits Completed |
Evidence:
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Hedge transactional details are collected and relevant documentation is completed and hedge transaction is entered into the organisation dealing system Completed |
Evidence:
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Evaluate financial position
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Profit and loss reports are compared between back office and independent valuations to determine value of transactions Completed |
Evidence:
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Organisational processes for accepting and signing independent back office valuations are completed Completed |
Evidence:
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Adjust financial position
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Current hedge position is analysed in line with profit and loss reports and new market data available, using standard market data Completed |
Evidence:
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Counterparty approval is gained and confirmed before entering into hedge transaction and new hedge deal is transacted with counterparties in accordance with organisational guidelines, credit limits and other desk limits Completed |
Evidence:
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Hedge transactional details are collected and relevant documentation is completed and the hedge transaction entered into the organisation dealing systems Completed |
Evidence:
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