Unit of competency Outline

Date retreived
22/07/2026 8:34 AM AWST

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Process transaction documentation

Process transaction documentation

Unit of competency
National Code
FNSFMK509
State Code
AUR27
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
081199 - Banking, Finance And Related Fields, N.e.c.
Original Release Date
16/09/2015
Nominal Hours
55
Description
This unit describes the skills and knowledge required to process transactions and complete appropriate documentation.It applies to individuals with specialised knowledge who use systematic approaches for processing information and resolving issues within their area of responsibility.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Complete pre-deal documentation and authorisations
  • 1.1 Complete onboarding checks for new clients according to regulatory requirements and organisational guidelines
  • 1.2 Establish and confirm type of transaction client wishes to undertake
  • 1.3 Check and confirm master agreement is in place for client and relevant transaction
  • 1.4 Confirm client authorisation to trade in specified financial product and for relevant transaction
  • 1.5 Discuss, clarify and resolve any issues related to product or transaction with client
2. Execute transaction for client
  • 2.1 Check and verify that transaction is within client’s and own authorised trading limits
  • 2.2 Confirm with client whether trade is to be centrally cleared
  • 2.3 Confirm details of trade and obtain client’s acknowledgement
  • 2.4 Capture accurate details of transaction in organisation’s systems, including risk management requirements in required timeframe
  • 2.5 Report details of transaction to authorised trade repository as required
3. Complete processes for confirming and settling transaction
  • 3.1 Forward details of transaction order to client promptly
  • 3.2 Complete financial transaction according to organisation and industry requirements
  • 3.3 Investigate exceptions and fails promptly if notified by investigations teams or relevant personnel
No information
No information
Replaces
State Code National Code Title Type
D4131 FNSFMK509A Apply knowledge of transaction documentation and processing Unit of competency