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Oracle 1z1-415 Exam Syllabus Topics:

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

Question 1

Where should you configure Spot Days for deals? (Choose the best answer.)

A. in the Bank Level parameter
B. in the foreign exchange Products Level parameter
C. in the Currency Level parameter
D. in the Branch Level parameter

Question 2

A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

A. MT752
B. MT742
C. MT740
D. MT747

Question 3

In the Lending Product FRCLPROD, INTEREST_RATE is attached to a Rate Code LIBOR. The LIBOR changes daily, resulting in UDE value changes. The product configuration requires that INTEREST_RATE is linked to LIBOR as on the date of creation for the next X years (X varies for different customers) and be changed thereafter.
Which option best satisfies this requirement? {Choose the best answer.)

A. Create different products for each of the X variants.
B. Create different Rate Codes for each of the X periods
C. Such a product code cannot be defined without code changes
D. Use the already created Rate Code (attached to LIBOR) and have a Rate Revision Schedule, which changes after X years

Question 4

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.)

A. wntten down value
B. activity depreciation method
C. sum of digits depreciation method
D. straight line method

Question 5

Which three options are available in the Rate As On field on the Funds Transfer Product Preference screen? (Choose three.)

A. Value Date
B. Booking Date
C. Spot Date
D. Amend Date

Solutions: