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Evidence Guide: FNSFMB504 - Implement complex loan structures

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

FNSFMB504 - Implement complex loan structures

What evidence can you provide to prove your understanding of each of the following citeria?

Organise implementation actions

  1. Review special or complex features of client situation for implementation implications including high asset, income or expenditure requirements, complex taxation, nature and forms of securities to be taken and other legal or complex issues
  2. Prioritise implementation actions, plan timing for each action and confirm activities to be consistent with client needs and specifications
  3. Explain implementation actions required by client clearly, obtain written agreement to actions and establish implementation records
  4. Implement actions including timing and priority to maximise advantage for client
Review special or complex features of client situation for implementation implications including high asset, income or expenditure requirements, complex taxation, nature and forms of securities to be taken and other legal or complex issues

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prioritise implementation actions, plan timing for each action and confirm activities to be consistent with client needs and specifications

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Explain implementation actions required by client clearly, obtain written agreement to actions and establish implementation records

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Implement actions including timing and priority to maximise advantage for client

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish appropriate procedures for implementation

  1. Identify and brief personnel to implement each action for loan structure and complete internal and external documentation requirements
  2. Coordinate implementation actions that depend on or involve actions by other professionals
  3. Establish monitoring procedures for critical implementation timing and priorities
Identify and brief personnel to implement each action for loan structure and complete internal and external documentation requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Coordinate implementation actions that depend on or involve actions by other professionals

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Establish monitoring procedures for critical implementation timing and priorities

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Undertake and/or supervise implementation

  1. Brief client on actions to be undertaken and provide assistance where needed
  2. Issue instructions to internal and external personnel as per loan structure
  3. Maintain consultation and monitoring with other professionals where joint implementation action is required, and check and follow up on lodgement of documentation to ensure plan timings are met
  4. Obtain and process fees and charges according to organisational and legislative requirements
  5. Debrief client post-implementation and address any concerns
Brief client on actions to be undertaken and provide assistance where needed

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Issue instructions to internal and external personnel as per loan structure

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Maintain consultation and monitoring with other professionals where joint implementation action is required, and check and follow up on lodgement of documentation to ensure plan timings are met

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Obtain and process fees and charges according to organisational and legislative requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Debrief client post-implementation and address any concerns

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Organise implementation actions

1.1 Review special or complex features of client situation for implementation implications including high asset, income or expenditure requirements, complex taxation, nature and forms of securities to be taken and other legal or complex issues

1.2 Prioritise implementation actions, plan timing for each action and confirm activities to be consistent with client needs and specifications

1.3 Explain implementation actions required by client clearly, obtain written agreement to actions and establish implementation records

1.4 Implement actions including timing and priority to maximise advantage for client

2. Establish appropriate procedures for implementation

2.1 Identify and brief personnel to implement each action for loan structure and complete internal and external documentation requirements

2.2 Coordinate implementation actions that depend on or involve actions by other professionals

2.3 Establish monitoring procedures for critical implementation timing and priorities

3. Undertake and/or supervise implementation

3.1 Brief client on actions to be undertaken and provide assistance where needed

3.2 Issue instructions to internal and external personnel as per loan structure

3.3 Maintain consultation and monitoring with other professionals where joint implementation action is required, and check and follow up on lodgement of documentation to ensure plan timings are met

3.4 Obtain and process fees and charges according to organisational and legislative requirements

3.5 Debrief client post-implementation and address any concerns

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Organise implementation actions

1.1 Review special or complex features of client situation for implementation implications including high asset, income or expenditure requirements, complex taxation, nature and forms of securities to be taken and other legal or complex issues

1.2 Prioritise implementation actions, plan timing for each action and confirm activities to be consistent with client needs and specifications

1.3 Explain implementation actions required by client clearly, obtain written agreement to actions and establish implementation records

1.4 Implement actions including timing and priority to maximise advantage for client

2. Establish appropriate procedures for implementation

2.1 Identify and brief personnel to implement each action for loan structure and complete internal and external documentation requirements

2.2 Coordinate implementation actions that depend on or involve actions by other professionals

2.3 Establish monitoring procedures for critical implementation timing and priorities

3. Undertake and/or supervise implementation

3.1 Brief client on actions to be undertaken and provide assistance where needed

3.2 Issue instructions to internal and external personnel as per loan structure

3.3 Maintain consultation and monitoring with other professionals where joint implementation action is required, and check and follow up on lodgement of documentation to ensure plan timings are met

3.4 Obtain and process fees and charges according to organisational and legislative requirements

3.5 Debrief client post-implementation and address any concerns

Evidence of the ability to:

prepare materials, personnel and other professionals to effectively implement complex loan structures

interpret and comply with legislation, industry regulations, organisational requirements and codes of practice

review impacts of high asset, income or expenditure requirements, complex taxation, complex nature of and forms of securities, and other legal or complex requirements

establish appropriate monitoring to track progress of implementation.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

identify and explain complex features of a client situation and needs including:

commercial loans

chattel leases

native title rights

heritage issues

contaminated sites or properties near noxious industries

explain the complex nature of the securities to be taken including:

implications of borrowing against leased premises

multiple securities of differing kinds

rural land

specialised securities such as hotels

identify forms of security to be taken for complex loan structures:

assignment of rental income to the lender

joint and several personal or related company guarantees

multiple mortgages

registered company charges

second mortgages

the involvement of unit or family trusts as either borrowers or guarantors

discuss documentation requirements relating to:

disclaimers

disclosures

insurance policies

prospectuses

receipts

written advice

outline key features of relevant legislation including state and territory legislation, charges and taxes

discuss time management techniques and tools to support implementation process.