Unit of competency Outline

Date retreived
23/07/2026 12:39 PM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Price financial transactions

Price financial transactions

Unit of competency
National Code
FNSFMK611
State Code
OBR51
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
01/07/2020
View on TGA
State Implementation and Classification
Approved Date
02/10/2020
Field of Education
080101 - Accounting
Original Release Date
02/10/2020
Nominal Hours
60
Description
This unit describes the skills and knowledge required to price financial transactions by assessing the risk of the transaction and the price-maker’s trading portfolio, given market conditions and trading risk parameters.The unit applies to individuals who use analytical skills and systemic approaches to evaluate market conditions, data and risk in order to price financial transactions.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Establish transaction details
  • 1.1 Identify type of transaction to be priced for client
  • 1.2 Clarify details of the trade
2. Assess risks and price transaction
  • 2.1 Confirm transaction is within designated product dealing authority and individual market risk limit structure as a market maker
  • 2.2 Identify source of financial data and underlying inputs required for pricing the proposed transaction
  • 2.3 Assess risks of proposed transaction given market conditions and individual market view
  • 2.4 Assess impact of proposed transaction on risk profile of trading portfolio to determine appropriate price
  • 2.5 Calculate price of the underlying transaction
3. Confirm price and execute transaction
  • 3.1 Communicate price to price taker with appropriate level of transparency and comply with organisational processes regarding customer orders
  • 3.2 Adjust price of transaction if underlying inputs move
  • 3.3 Confirm client acceptance or rejection of transaction price, according to organisational requirements
  • 3.4 Execute transaction within required timeframes and confirm that updated market risk profile of portfolio correctly reflects transaction
No information
No information
Replaces
State Code National Code Title Type
AUR28 FNSFMK601 Price financial transactions Unit of competency