Unit of competency Outline

Date retreived
23/07/2026 8:29 AM AWST

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Establish agreements with intermediaries for product distribution

Establish agreements with intermediaries for product distribution

Unit of competency
National Code
FNSSAM614
State Code
OCZ10
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
02/02/2021
View on TGA
State Implementation and Classification
Approved Date
22/04/2021
Field of Education
081101 - Banking And Finance
Original Release Date
22/04/2021
Nominal Hours
80
Description
This unit describes the skills and knowledge required to negotiate and form agreements with intermediaries for distributing financial products.The unit applies to those who use specialised knowledge, systematic approaches and discretion, within their level of authority and organisational guidelines, to negotiate arrangements. No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Identify and assess potential intermediaries
  • 1.1 Determine selection criteria for intermediaries according to organisational procedures
  • 1.2 Identify potential intermediaries
2. Shortlist suitable intermediaries
  • 2.1 Engage with potential intermediaries and respond to enquiries
  • 2.2 Obtain credentials and experience information from potential intermediaries
  • 2.3 Evaluate information provided and check credentials through required agencies
  • 2.4 Select intermediaries according to selection criteria
3. Negotiate terms and finalise documentation
  • 3.1 Discuss terms of trade with shortlisted intermediaries
  • 3.2 Respond to requests for information and communications with shortlisted intermediaries
  • 3.3 Assess proposed terms of trade for compliance with industry codes of practice and legislative and regulatory requirements
  • 3.4 Communicate decision and submit terms of trade to potential intermediaries
  • 3.5 Obtain signed agreement for terms of trade from intermediaries and file according to organisational procedures
  • 3.6 Provide intermediaries a copy of signed agreement
4. Manage agreements
  • 4.1 Manage and document communications with engaged intermediaries and negotiate variations to terms of trade as required
  • 4.2 Obtain signed agreement to vary terms of trade and file documentation according to organisational procedures
No information
No information
Replaces
State Code National Code Title Type
AUT15 FNSSAM604 Establish agreements with intermediaries for product distribution Unit of competency