This is a great system, post a question at bedtime and wake up to answers from experts. Thanks for the feedback everyone.
A friend's child is interested in a gap year program that travels all over but gets a transcript from one of the centres mentioned below. A transcript is available by request and a $1000 charge on top of the cost of the expensive program. This cost is paid to the program, so I don't know if the centre actually charges this high fee so that is why I don't want to name the centre. It just sounds odd to me and I am pretty sure my own institution would not accept credit although perhaps one or two classes may qualify if my registrar is comfortable with the transcript from this centre. I am advising my friend that the program sounds interesting but it they are counting on receiving credit that is a gamble, although it could be a life-changing experience if they are happy just paying for that.
Thanks again for the info everyone. Y'all never let me down!
Since undergraduates at the University of Oxford take summative examinations, it is not possible for visiting undergraduates to be assessed in the "proper" UK fashion through formal coursework or unseen examinations. That is, they undertake formative assessment only whilst here, unlike, say, visiting students at the University of Bath who would sit exams or submit coursework by module.
So, if the visiting students' home university requires some sort of formal certification, in theory this kind of affiliation might make sense ... but PM me if you would like to discuss a particular centre, especially in the social sciences.