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

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

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

2. A bank owns 50 computer tables whose useful life has been set as 20 years. The depreciation method for these assets is set as the straight line method. The bank wants to determine the value of these tables at the end of their useful life.
What would the value be? (Choose the best answer.)

A) 1
B) equal to the original cost of the new asset of the same type
C) o
D) almost 0

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

4. A bank uses the tracer function in the Bills module to send automatic swift tracer messages that seek acceptance of usance bills. The bank's requirement is that the sending of tracers should be stopped after receiving an acceptance message.
How should you handle this? (Choose the best answer.)

A) Select the "auto tracer stop' option at the Bill product level.
B) Unlock the bill contract and input the "acceptance message date," which will stop additional tracers.
C) Unlock the bill contract and select the "stop tracer option.
D) Upload the incoming Acceptance message" into the bill contract by using the straight through processing option.

5. A bank wants payment fate tracers to be generated automatically by the system. To which event should this tracer be attached and what is the name of this advice?

A) TDIS event and PAYMNTFATE_TRCR advice
B) TPFT event and PAYMNTFATE_TRCR advice
C) TPFT event and RESERVE_RELEASE advice
D) TDIS event and DISCAPPRVLJRCR advice

Solutions: