Online Access Free 1z1-415 Practice Test

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 Bank 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 Branch Parameters screen
• D.as per the Spot days maintained on the Currency Pair Definition screen for USD

A bank wants to charge depreciation tor an asset at the rate ot 20%, 30%, 25%, b%, and 20% tor the tirst year, second year, and so on till the last year How should you indicate this on the Depreciation Rule Mapping screen? (Choose the best answer.)

• A.ad hoc
• B.activity depreciation
• C.rule-based
• D.combination of rule-based and ad hoc

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.

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.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
• C.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)
• D.A transferred LC can be transferred at the request of a second beneficiary to any subsequent beneficiary.

In LC Product Maintenance, different product types can be maintained. Which product type should be used if the LC is not backed by documents? (Choose the best answer)

• A.Export LC
• B.Standby Guarantee
• C.Clean LC
• D.import LC