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Oracle 1z1-415 Exam Syllabus Topics:

SectionObjectives
Letters of Credit and Nostro Reconciliation- Trade Finance Operations
  • 1. Import and export Letter of Credit processing
  • 2. Matching rules and reconciliation classes
  • 3. Reimbursement and Letter of Credit resolution
  • 4. Letter of Credit product setup
Bills and Collections- Bills Processing
  • 1. Forfaiting and collection processing
  • 2. Reimbursement lodging and honoring
  • 3. Import and export bills under Letter of Credit
Basic Instructions and Retail Telling- Retail Teller Operations
  • 1. Till balancing and workflow maintenance
  • 2. Foreign exchange transactions
  • 3. Standing instructions and product definition
  • 4. Cash, cheque, and demand draft transactions
  • 5. Retail Teller product setup and configuration
Fixed Assets, Expenses, and Lending- Lending and Asset Management
  • 1. Lending product definition and configuration
  • 2. Payment and collection processing
  • 3. Consumer lending lifecycle management
  • 4. Fixed asset maintenance
  • 5. Loan contract processing
Money Market, Foreign Exchange, and Funds Transfer- Treasury and Transfer Operations
  • 1. Money market product maintenance
  • 2. Lifecycle processing and revaluation
  • 3. Foreign exchange deal processing
  • 4. Funds transfer types and settlement processing

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

Question 1

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


Question 2

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?

A. TDIS event and DISCAPPRVLJRCR advice
B. TPFT event and PAYMNTFATE_TRCR advice
C. TDIS event and PAYMNTFATE_TRCR advice
D. TPFT event and RESERVE_RELEASE advice


Question 3

During liquidation of Teller transactions, if the system detects insufficient funds in an account, the subsequent credit that happens to the settlement account needs to be blocked. How is this achieved in the system? (Choose the best answer.)

A. by enabling the overdraft facility
B. by enabling auto liquidation
C. by enabling track receivable
D. by enabling cash GL (General Ledger) posting


Question 4

Transfer of an LC can be performed in Oracle FLEXCUBE. Which statement is true about a transferable LC? (Choose the best answer)

A. A transferred LC can be transferred at the request of a second beneficiary to any subsequent beneficiary.
B. It is not possible to initiate the transfer of an LC to more than one secondary beneficiary on behalf of the primary or original beneficiary
C. Change of parties is allowed for the old LC contract, as well as the new transferred LC contract
D. a transferable LC is where, at the request of a beneficiary (first beneficiary), the LC is made available in whole or in part to another beneficiary (second beneficiary)


Question 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 Rollover
B. Money Market Value Dated Amendment
C. Money Market Contract Schedule
D. Money Market Rollover, Money Market Contract Schedule, and Money Market Value Dated Amendment


Solutions:

Question 1
Answer: D
Question 2
Answer: B
Question 3
Answer: C
Question 4
Answer: D
Question 5
Answer: B

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