A Letter or Credit issue can be confirmed by a bank. Which bank confirms a Letter or Credit
(Choose the best answer?)
Answer : D
A usance import bill that is not under a Letter of Credit has been received for 510,000 USD.
The drawer has not made a payment for the bill. The drawer has requested the collecting bank (importer's bank) to protest on the drawer's behalf. What event should be attached to support this function'? (Choose the best answer.)
Answer : C
In which product type are foreign exchange cash deal products configured? (Choose the best answer.)
Answer : A
Which two statements are true about a Reconciliation Class? (Choose two.)
Answer : A,B
Assuming that a bank entered into a USD Spot Deal with a customer on Monday, January
15, and that there are no holidays during the week, on which date will the transaction be settled in the system? (Choose the best answer.)
Answer : D
What does the field SI Amount refer to while processing sweep-in transactions?
(Choose the best answer.)
Answer : B
There can be overage or shortage of cash while processing Retail Teller transactions. The bank can specify the General Ledger in which the overage or shortage should be booked.
On which screen can the Overage or Shortage GL be maintained? (Choose the best answer.)
Answer : D
What is the maximum number of charges that can be attached to a Retail Teller product?
(Choose the best answer.)
Answer : C
The system supports Multi Credit Transfer by using the funds transfer module. Which three statements are true about Multi Credit Transfer? (Choose three.)
Answer : A,C,D
A Forward Buy Contract is opened on January 1,2014 with a product of type Forward, which supports the Option Date feature and a maximum tenor of 12 months. Which three options can this Contract be opened with? (Choose three.)
Answer : A,B,D
A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation method for these assets is set as the straight line method. The bank wants to determine the value of these tables at the end of their useful life.
What would the value be? (Choose the best answer.)
Answer : B
In which three fields must data be identical for the system to pass consolidated accounting entries for Multi Credit Transfer? (Choose three.)
Answer : A,B,D
Which two statements are true in defining a Reconciliation Class? (Choose two.)
Answer : A,D
Which maintenance can a teller use to make the exchange rate picked by a system in a transaction non-amendable? (Choose the best answer.)
Answer : C
Different parties are involved when an import LC is issued. Which group of parties are involved while booking an import LC transaction? (Choose the best answer)
Answer : B