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

Question No: 31

In case an auto authorization limit is not specified in PC Source Parameter Maintenance, what would happen to transactions that belong to the customer, source, and product category combination#39;? (Choose the best answer.)

  1. The transactions are automatically directed to a referral queue

  2. The transactions are rejected

  3. The transactions must be manually authorized.

  4. The transactions are automatically authorized on upload.

Answer: B

Question No: 32

In Landing Module, what are Settlement Bridge General Ledgers used to handle? (Choose the best answer.)

  1. adjustment entries

  2. multiple disbursement schedules

  3. multiple modes of settlement

  4. suspense entries

Answer: C

Question No: 33

A bank wants payment fate tracers to be generated automatically by the system. To which event should this tracer be attached and what is the name of this advice?

  1. TPFT event and PAYMNTFATE_TRCR advice

  2. TDIS event and PAYMNTFATE_TRCR advice

  3. TPFT event and RESERVE_RELEASE advice

  4. TDIS event and DISCAPPRVLJRCR advice

Answer: A

Question No: 34

An export bill under a Letter of Credit is negotiated for $75,000 USD on August 1 st. On August 3rd, a reimbursement claim (MT 742) is raised by the negotiating bank on the reimbursing bank for $75,000 USD. The reimbursing bank honors the claim. Assuming that the reimbursing bank uses Oracle FLEXCUBE, how is this transaction handled in the system? (Choose the best answer.)

  1. Oracle FLEXCUBE does not support handling of trade transactions from the point of view of a reimbursing bank.

  2. The reimbursing bank uses the Funds Transfer module for sending the MT202 message that honors this claim.

  3. The reimbursing bank books a bill contract under the Letter of Credit for capturing the details of MT742. On liquidation of this bill contract, a payment message is generated to honor the claim.

  4. The MT742 message can be viewed in the incoming browser of the messaging module of Oracle FLEXCUBE. A stand-alone MT202 message is created and sent from the outgoing browser of the messaging module.

Answer: C

Question No: 35

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

  1. weekly

  2. daily

  3. annually

  4. monthly

Answer: B,D

Question No: 36

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

  1. Change of operation from collection to discount is supported only for LC-based transactions.

  2. 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

  3. 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

  4. Only a change of operation from collection to purchase is supported directly for an export bill that is not under LC.

Answer: D

Question No: 37

Which three are methods of revaluation used in a foreign exchange product? (Choose three.)

  1. straight line

  2. redonimation

  3. Net Present Value

  4. rebate

Answer: A,C,D

Question No: 38

Which statement is true about the Confirmation Tracer? (Choose the best answer)

  1. His a reminder sent to a confirming bank, seeking a letter of confirmation.

  2. it is a reminder sent to an issuing bank, seeking a letter of confirmation.

  3. it is a reminder sent to a reimbursing bank, seeking a letter of confirmation

  4. ft is a reminder sent to a beneficiary, seeking a letter of confirmation.

Answer: A

Question No: 39

In which depreciation method does the amount of depreciation provided by a bank on a fixed asset not remain constant throughout the useful life of the asset? (Choose the best answer.)

  1. straight line method

  2. wntten down value

  3. activity depreciation method

  4. sum of digits depreciation method

Answer: B

Question No: 40

What does in-house cheque deposit refer to? (Choose the best answer.)

  1. a bank depositing a cheque given by a customer of the bank into its own account

  2. a customer of a bank depositing a cheque into the bank#39;s GL account

  3. a customer of a bank depositing a cheque into a related customer#39;s account

D a customer of a bank depositing a cheque of the same bank belonging to another customer into the account

Answer: B

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