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Oracle 1z1-415 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Letters of Credit and Nostro Reconciliation | - Trade Finance Operations
|
| Topic 2: Fixed Assets, Expenses, and Lending | - Lending and Asset Management
|
| Topic 3: Money Market, Foreign Exchange, and Funds Transfer | - Treasury and Transfer Operations
|
| Topic 4: Basic Instructions and Retail Telling | - Retail Teller Operations
|
| Topic 5: Bills and Collections | - Bills Processing
|
Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials Sample Questions:
Assume that the documents presented under a sight LC are not discrepant. When will the negotiating bank pay the exporter after presentation of these documents?
- A. within two working days
- B. within five working days
- C. immediately
- D. after obtaining confirmation from the LC issuing bank
Correct Answer: C 🗳️
A usance import bill that is not under a Letter of Credit has been received for 510,000 USD. The drawer has not made a payment for the bill. The drawer has requested the collecting bank (importer's bank) to protest on the drawer's behalf. What event should be attached to support this function'? (Choose the best answer.)
- A. REFP
- B. CLOS
- C. AMND
- D. PRNP
Correct Answer: A 🗳️
Which three are methods of revaluation used in a foreign exchange product? (Choose three.)
- A. straight line
- B. Net Present Value
- C. rebate
- D. redonimation
Correct Answer: A,B,C 🗳️
What happens if a contract is marked for auto liquidation and the liquidation day turns out to be a holiday? (Choose the best answer.)
- A. The system liquidates based on the product-level parameters.
- B. The system liquidates based on the contract-level parameters.
- C. The liquidation does not take place.
- D. The user liquidates the deal manually by invoking the payment screen.
Correct Answer: B 🗳️
Which two statements are true in defining a Reconciliation Class? (Choose two.)
- A. Incorporate many rules into a class.
- B. Define the external account.
- C. indicate whether the matching type is Mirroring or Replication.
- D. Match rule sequence is insignificant
Correct Answer: A,B 🗳️
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