Online Access Free 1z0-415 Practice Test

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.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
• B.Confirmation of the LC ensures that the goods that are exported are of very high quality.
• C.There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
• D.Confirmation of the LC removes all discrepancies in the documents submitted.

Identify the correct function ID to access the Bill Contract screen. (Choose the best answer)

• A.BCDCONON
• B.BCDTRONL
• C.BCDTRNON
• D.BCDCONOL

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

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

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

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

Which statement is true about the Confirmation Tracer? (Choose the best answer)

• A.His a reminder sent to a confirming bank, seeking a letter of confirmation.
• B.it is a reminder sent to an issuing bank, seeking a letter of confirmation.
• C.ft is a reminder sent to a beneficiary, seeking a letter of confirmation.
• D.it is a reminder sent to a reimbursing bank, seeking a letter of confirmation