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Oracle 1z1-415 Exam Syllabus Topics:

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

1. Different events are triggered during the life cycle of an LC contract. Which event is triggered on issuance of an import LC t (Choose the best answer?)

A) BISS
B) BOOK
C) REIN
D) AVAL

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

3. 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) MT740
B) MT747
C) MT742
D) MT752

4. What does the product type "b" on the Lc product Definition screen stand for? (Choose the best answer.)

A) Standby LC
B) Reimbursement type LC
C) Usance payment LC
D) Shipping Guarantee
E) Secured LC

5. 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) CLOS
B) PRNP
C) AMND
D) REFP

Solutions: