2018 Jan Oracle Official New Released 1z0-415
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Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

Question No: 21

Identify four Document Clause types that are available in the system for the LC module. (Choose four.)

  1. transport

  2. insurance

  3. invoice

  4. packing list

  5. others

  6. certificates

  7. drafts

Answer: A,B,C,E

Question No: 22

For an Outgoing cross currency funds transfer, what is the amount tag for the debit and credit transaction entries of the transfer? (Choose the best answer.)

  1. Amt_Equiv and Trf_Amt, respectively

  2. Trf_Amt and Amt_Equiv, respectively

  3. Trf_Amt for both the legs

  4. Amt_Equiv for both the legs

Answer: C

Question No: 23

Which two are possible matching types for reconciliation? (Choose two.)

  1. confirmed

  2. suggested

  3. identical

  4. replicated

Answer: A,B

Question No: 24

Tenors can be maintained at the LC product level and defaulted at the contract level. Which tenor maintained on the Product Preference screen would default at the contract level#39;? (Choose the best answer.)

  1. Minimum

  2. Maximum

  3. Standard

  4. Minimum, Maximum, and Standard

Answer: B

Question No: 25

Identify the format in which the number of original documents is input. (Choose the best answer.)

  1. n/n

  2. n

  3. nn

  4. nn/n

Answer: C

Question No: 26

The system allows the Match Status to be Open, Suggested, or Closed. Which two statements are true about Match Status of Suggested? (Choose two.)

  1. The suggested entires can be modified.

  2. The suggested entries can be confirmed.

  3. The suggested entries can be rejected.

  4. The suggested entries cannot be rejected.

Answer: B,C

Question No: 27

Which product type would you choose for moving funds from one account to another beyond a predefined level? (Choose the best answer.)

  1. standing payment orders

  2. standing collection orders

  3. variable payment transactions

  4. sweep out transaction ons

Answer: C

Question No: 28

Which three options are available in the Rate As On field on the Funds Transfer Product Preference screen? (Choose three.)

  1. Booking Date

  2. Spot Date

  3. Value Date

  4. Amend Date

Answer: A,B,C

Question No: 29

In LC Product Maintenance, different product types can be maintained. Which product type should be used if the LC is not backed by documents? (Choose the best answer)

  1. import LC

  2. Export LC

  3. Standby Guarantee

  4. Clean LC

Answer: D

Question No: 30

A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents. Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

  1. MT747

  2. MT752

  3. MT742

  4. MT740

Answer: C

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