Unit of competency Outline

Date retreived
22/07/2026 7:23 PM AWST

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Complete confirmation and settlement processes

Complete confirmation and settlement processes

Unit of competency
National Code
FNSFMK504
State Code
AUR15
TGA Status
Replaced
DTWD Status
Replaced
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
080101 - Accounting
Original Release Date
16/09/2015
Nominal Hours
40
Description
This unit describes the skills and knowledge required to check dealing transaction documentation and complete confirmation and settlement processes.It applies to individuals who use specialised knowledge and systematic approaches to check accuracy and complete work requirements.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Notes
Elements and Performance Criteria
1. Process transaction documentation
  • 1.1 Check transaction documentation received from dealer promptly for accuracy and completion according to organisational guidelines
  • 1.2 Enter details on transaction documentation into organisational dealing system using appropriate technology
  • 1.3 Review organisational records to ensure that master agreements are in place before confirmation processes are conducted
2. Complete confirmation processes
  • 2.1 Produce and forward organisational confirmation documentation to client for approval and authorisation
  • 2.2 Receive authorised confirmation documentation and complete financial transaction according to confirmed settlement procedures and organisational and industry requirements
  • 2.3 Forward confirmation documentation to client outlining settlement exchange details
No information
No information
Replaces
State Code National Code Title Type
D4126 FNSFMK504A Complete settlement and confirmation processes Unit of competency
Replaced By
State Code National Code Title Type
OBR84 FNSFMK514 Complete confirmation and settlement processes Unit of competency
State Code National Code Title Type
AWC2 FNS51015 Diploma of Financial Markets Qualification
AVY5 FNS41115 Certificate IV in Financial Markets Operations Qualification