Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials v7.0 (1z0-415)

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Total 85 questions

A Letter or Credit issue can be confirmed by a bank. Which bank confirms a Letter or Credit
(Choose the best answer?)

  • A. the advising bank
  • B. the collecting bank
  • C. the paying bank
  • D. the confirming bank

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.)

  • A. AMND
  • B. CLOS
  • C. REFP
  • D. PRNP

Answer : C

In which product type are foreign exchange cash deal products configured? (Choose the best answer.)

  • A. spot
  • B. forward
  • C. cash
  • D. Non Deliverable Forward

Answer : A

Which two statements are true about a Reconciliation Class? (Choose two.)

  • A. Several rules constitute a Reconciliation Class.
  • B. a Reconciliation Class type can be Mirror or Replication.
  • C. a Reconciliation Class type is both Mirror and Replication.
  • D. a rule sequence number is entered manually for the rules that are attached to a Reconciliation Class.

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.)

  • A. as per the Spot days maintained on the Bank Parameters screen
  • B. as per the Spot days maintained on the Branch Parameters screen
  • C. as per the Spot days maintained on the Currency Pair Definition screen for USD
  • D. as per the Spot days maintained on the Currency Definition screen for USD

Answer : D

What does the field SI Amount refer to while processing sweep-in transactions?
(Choose the best answer.)

  • A. amount to be swept i n
  • B. minimum sweep amount
  • C. balance in the debit account that should trigger the sweep
  • D. balance in the credit account that should trigger the sweep

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.)

  • A. There is no Overage or Shortage GL maintenance in Oracle FLEXCUBE
  • B. ARC maintenance screen
  • C. Retail Teller product screen
  • D. Till and Vault maintenance screen in Branch Parameters

Answer : D

What is the maximum number of charges that can be attached to a Retail Teller product?
(Choose the best answer.)

  • A. three
  • B. four
  • C. five
  • D. unlimited

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.)

  • A. A message is sent as MT102 and MT 203.
  • B. A maximum of 10 contracts can be consolidated under a Multi Credit Reference number.
  • C. A consolidated accounting reference number must be entered by a user.
  • D. The Multi Credit Transfer field should be enabled at the Product and Branch levels.

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.)

  • A. Contract Value Date = January 1, 2014; Option Date = January 15.2014
  • B. Contract Value Date = January 1, 2014; Option Date = November 30, 2014
  • C. Contract Value Date = December 31. 2014; Option Date = December 25, 2014
  • D. Contract Value Date = October 31.2014; Option Date = October 31.2014

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.)

  • A. 1
  • B. o
  • C. almost 0
  • D. equal to the original cost of the new asset of the same type

Answer : B

In which three fields must data be identical for the system to pass consolidated accounting entries for Multi Credit Transfer? (Choose three.)

  • A. receiver
  • B. ordering i institution
  • C. Rate as of Date
  • D. Product Code

Answer : A,B,D

Which two statements are true in defining a Reconciliation Class? (Choose two.)

  • A. Incorporate many rules into a class.
  • B. Match rule sequence is insignificant
  • C. indicate whether the matching type is Mirroring or Replication.
  • D. Define the external account.

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.)

  • A. Function Workflow definition detail
  • B. Function Group detail
  • C. ARC maintenance
  • D. Transaction Code maintenance

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)

  • A. the applicant, the beneficiary, and the issuing bank
  • B. the applicant, the beneficiary, and the advising bank
  • C. the applicant and the issuing bank
  • D. the applicant and the advising bank

Answer : B

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Total 85 questions