Online Access Free 1z0-415 Practice Test

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.MT747
• B.MT740
• C.MT752
• D.MT742

What benefit does an exporter get when asking for a documentary credit (LC) to be confirmed by the advising or negotiating bank? (Choose the best answer.)

• A.Confirmation of the LC removes all discrepancies in the documents submitted.
• B.There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
• C.After confirming the LC, the advising or negotiating bank will pay or promise to pay against presented documents, which after checking are found to be as
• D.Confirmation of the LC ensures that the goods that are exported are of very high quality.

What would be Ihe status of a request for a debit transaction if it is not approved within the specified response time? (Choose the best answer)

• A.rejected D recalled
• B.settled
• C.closed

Which maintenance can a teller use to make the exchange rate picked by a system in a transaction non-amendable? (Choose the best answer.)

• A.Function Group detail
• B.ARC maintenance
• C.Transaction Code maintenance
• D.Function Workflow definition detail

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

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