Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials - 1z1-415 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

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

Discussion 0

Correct Answer: B,C,D Vote an answer

Question 2

Assume that the documents presented under a sight LC are not discrepant. When will the negotiating bank pay the exporter after presentation of these documents?

A. within five working days B. after obtaining confirmation from the LC issuing bank C. immediately D. within two working days

Discussion 0

Correct Answer: C Vote an answer

Question 3

Different events are triggered during the life cycle of an LC contract. Which event is triggered on issuance of an import LC t (Choose the best answer?)

A. REIN B. BISS C. AVAL D. BOOK

Discussion 0

Correct Answer: B Vote an answer

Question 4

Which two frequency types can you configure for revaluation in a foreign exchange product? (Choose two.)

A. weekly B. annually C. daily D. monthly

Discussion 0

Correct Answer: C,D Vote an answer

Question 5

In the Lending Product FRCLPROD, INTEREST_RATE is attached to a Rate Code LIBOR. The LIBOR changes daily, resulting in UDE value changes. The product configuration requires that INTEREST_RATE is linked to LIBOR as on the date of creation for the next X years (X varies for different customers) and be changed thereafter.
Which option best satisfies this requirement? {Choose the best answer.)

A. Use the already created Rate Code (attached to LIBOR) and have a Rate Revision Schedule, which changes after X years B. Create different products for each of the X variants. C. Create different Rate Codes for each of the X periods D. Such a product code cannot be defined without code changes

Discussion 0

Correct Answer: A Vote an answer

Question 6

Which statement is true about a change of operation for an export bill that is not under LC? (Choose the best answer.)

A. a non-LC collection bill must be liquidated first and on the same day and a discounted bill must be booked separately, in order to handle change of operation B. a non-LC collection bill can be unlocked and the operation code can be changed from collection to discount if the same is allowed at the product level C. Change of operation from collection to discount is supported only for LC-based transactions. D. Only a change of operation from collection to purchase is supported directly for an export bill that is not under LC.

Discussion 0

Correct Answer: D Vote an answer

Question 7

A bank wants to charge depreciation tor an asset at the rate ot 20%, 30%, 25%, b%, and 20% tor the tirst year, second year, and so on till the last year How should you indicate this on the Depreciation Rule Mapping screen? (Choose the best answer.)

A. combination of rule-based and ad hoc B. rule-based C. ad hoc D. activity depreciation

Discussion 0

Correct Answer: C Vote an answer

Question 8

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

Discussion 0

Correct Answer: D Vote an answer

Question 9

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

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

Discussion 0

Correct Answer: C Vote an answer