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Oracle 1z1-415 Exam Syllabus Topics:

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

1. Identify the SWIFT message that the system generates on successful creation of an LC
contract. (Choose the best answer.)

A) MT734
B) MT700
C) MT760
D) MT710

2. Merchandise can be classified and maintained in Oracle FLEXCUBE. Where would you maintain the merchandise that is involved in a trade transaction with an underlying LC? (Choose the best answer.)

A) INCO terms maintenance
B) Merchandise code maintenance
C) Documents maintenance
D) Commodity Code maintenance

3. In trade finance, forfaiting involves the purchase of receivables from exporters. Which statement is true about forfaiting in the Bills module of Oracle FLEXCUBE? (Choose the best answer.)

A) The system will not allow forfaiting as an operation while creating a product Only a change of operation to forfaiting is allowed.
B) A new operation "forfaiting11 has been introduced at the product level
C) Forfaiting is allowed as a new operation at the Bill Contract level.
D) A separate menu operation for forfaiting is introduced that can be mapped to a bill product

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

5. A money market Borrowing Contract is created. The Contract Value date is January 1,2014 and the Maturity date is March 31,2014. The customer then approaches the bank and requests extension of the Contract. The new Maturity date is April 2,2014.
On which screen would you perform the extension of this Contract? (Choose the best answer.)

A) Money Market Contract Schedule
B) Money Market Rollover
C) Money Market Rollover, Money Market Contract Schedule, and Money Market Value Dated Amendment
D) Money Market Value Dated Amendment

Solutions: