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Oracle 1z1-415 Exam Syllabus Topics:

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

1. In Landing Module, what are Settlement Bridge General Ledgers used to handle? (Choose the best answer.)

A) multiple modes of settlement
B) multiple disbursement schedules
C) adjustment entries
D) suspense entries

2. A Forward Buy Contract is opened on January 1,2014 with a product of type Forward, which supports the Option Date feature and a maximum tenor of 12 months. Which three options can this Contract be opened with? (Choose three.)

A) Contract Value Date = December 31. 2014; Option Date = December 25, 2014
B) Contract Value Date = January 1, 2014; Option Date = January 15.2014
C) Contract Value Date = October 31.2014; Option Date = October 31.2014
D) Contract Value Date = January 1, 2014; Option Date = November 30, 2014

3. What does the system do when a future value dated deal is entered? (Choose the best answer.)

A) it does not book future dated accounting entries.
B) it does not pass accounting entries on the day of booking the contract.
C) User defines accounting entries on the Value Date.
D) it passes accounting entries on the day of booking the contract.

4. 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

5. Assuming that a bank entered into a USD Spot Deal with a customer on Monday, January 15, and that there are no holidays during the week, on which date will the transaction be settled in the system? (Choose the best answer.)

A) as per the Spot days maintained on the Branch Parameters screen
B) as per the Spot days maintained on the Currency Definition screen for USD
C) as per the Spot days maintained on the Bank Parameters screen
D) as per the Spot days maintained on the Currency Pair Definition screen for USD

Solutions: