Monitor and process collateral

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSFMK508A, 'Monitor and process collateral'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Monitor and process collateral' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

1. Process collateral agreements and credit support documentation

1.1. Terms and conditions for a credit support document (CSD) are negotiated with a predicted market to market (MTM) position

1.2. Netting of trades is agreed between the parties to facilitate the collateral agreement, and signed off by the legal department.

1.3. The credit rating of the collateral counterparty is assessed using external ratings and own organisational guidelines so the agreed Credit Support Annexe (CSA) terms reflect the appetite for counterparty risk and limits in the CSD

1.4. A complete a legally binding collateral agreement is drafted, authorised and processed in accordance with organisational policies and procedures

2. Monitor collateral activity

2.1. The net MTM value of the trades covered by the CSD is used to calculate the collateral margining activity.

2.2. Margin calls are initiated when the terms of the CSA dictate

2.3. Market values for non-cash collateral such as debt is monitored and updated daily, checking that any cuts in valuations are applied in line with agreed framework

2.4. Derivative credit exposures on long-term and short-term deals are identified and updated on the organisational credit management system

2.5. Threshold amounts and monitored to determine options to use a break clause if necessary

2.6. Collateral deals are negotiated and replaced when a break clause has been invoked

2.7. Call and return amounts are processed promptly and accurately

2.8. Segregation of roles is observed, e.g. margining team do not manage collateral settlements

3. Manage collateral disputes or defaults

3.1. Differences in valuations are identified and escalated to the correct stream.

3.2. Portfolios are checked, valued and reconciled on a regular basis to ensure collateral management data is current and valid

3.3. Disputes are dealt with according to organisational policy and procedures

3.4. Unresolved disputes or defaults are documented and referred to appropriate personnel where required

3.5. Non-settlement or fails of agreed collateral are investigated and escalated to the appropriate risk stream in line with agreed Service Level Agreements (SLAs).


Qualifications and Skillsets

FNSFMK508A appears in the following qualifications:

  • FNS51010 - Diploma of Financial Markets
  • FNS51011 - Diploma of Financial Markets