Online Access Free 1z1-415 Practice Test

Transfer of an LC can be performed in Oracle FLEXCUBE. Which statement is true about a transferable LC? (Choose the best answer)

• A.Change of parties is allowed for the old LC contract, as well as the new transferred LC contract
• B.a transferable LC is where, at the request of a beneficiary (first beneficiary), the LC is made available in whole or in part to another beneficiary (second beneficiary)
• C.It is not possible to initiate the transfer of an LC to more than one secondary beneficiary on behalf of the primary or original beneficiary
• D.A transferred LC can be transferred at the request of a second beneficiary to any subsequent beneficiary.

A banK has purchased 2b computers and needs to book these as assets and also specify a depreciation type for them. What are the two available depreciation types that the bank can choose from? (Choose two.)

• A.written down value
• B.accelerated cost recovery
• C.straight line method
• D.group depreciation method

How many charge rules can be associated with a funds transfer product code? (Choose the best answer)

• A.two
• B.one
• C.nil
• D.as many as possible

If an Outgoing Request for a debit transaction is approved, what would it result in? (Choose the best answer.)

• A.outgoing payment
• B.incoming payment C outgoing direct debit
• C.incoming direct debit

Which statement is true about lodging export bills that are not under LC? (Choose the best answer.)

• A.These are collection bills governed by URC 522. The system does not allow you to save a collection bill with discrepancies.
• B.These are collection bills governed by URC 722. The system allows you to input and save any discrepancies noted for collection bills.
• C.These are collection bills governed by URC 722. The system does not allow you to input and save any discrepancies noted for collection bills.
• D.These are collection bills governed by URC 522. The system allows you to input and save any discrepancies noted for collection bills.