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Oracle 1z1-415 Exam Syllabus Topics:

Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:

1. A bank uses the tracer function in the Bills module to send automatic swift tracer messages that seek acceptance of usance bills. The bank's requirement is that the sending of tracers should be stopped after receiving an acceptance message.
How should you handle this? (Choose the best answer.)

A) Select the "auto tracer stop' option at the Bill product level.
B) Unlock the bill contract and input the "acceptance message date," which will stop additional tracers.
C) Unlock the bill contract and select the "stop tracer option.
D) Upload the incoming Acceptance message" into the bill contract by using the straight through processing option.

2. An exporter intends to bid for a software project in another country. What kind of facility should the exporter avail of a bank in order to participate in the bidding? (Choose the best answer.)

A) Indemnity
B) Guarantee
C) Letter of Credit
D) Deposits

3. Events and accounting entries are define in the product definition, i ne accounting entries in events are not mandatory tor a configured bi Product. A business user updates the Contract status manually to amend the payment status for the contracts under this SI Product.
Which SI Product is used to book a Contract to track only the payment status? (Choose the best answer.)

A) Sweep (in and out)
B) Payment
C) Collection
D) Variable Payment

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

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

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

A) identical
B) suggested
C) replicated
D) confirmed

Solutions: