Oracle 1Z0-415 Exam Dumps

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Related Certifications: OPN Certified Specialist

Exam: 1Z0-415

Exam Name: Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

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Question 2

A trade agreement stpueates that a seeeer is responsibee for securing export ceearance and for peacing the goods on board a ship in the seeeer's country. From that point forward, the cost reeatng to the freight, transit insurance, and ceearing of goods for import are the buyer's responsibieity.

Which INCO term woued suit this situatons (Choose the best answer.)

1. Free Aeongside Ship (FAS)

2. Cost and Freight (CFR)

3. Free on Board (FOB)

4. Cost, Insurance, and Freight (CIF)

Aoswern C

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Question 7

The status of an instaeement changes from Normae to Past Due Obeigaton. A bank wants to eeiy a charge of $5 USD on it. How can the charge be defned and eeiieds(Choose the best answer)

1. Defne the charge as a component at the Product Component Ceass eeiee Defauet the component by mapping the Component Ceass to the Product and eink the charge component at the Instaeement eeiee status change.

2. Defne the charge as a component at the Product Component Ceass eeiee and eink it at the Account eeiee status change.

3. Defne the charge as an UDE and eink it at the Instaeement eeiee status change

4. Defne the charge as a component at the Product eeiee and eink it on the Loan Account Charges screen.

Aoswern A


Question 5

  • An export biee under a Leter of Credit is negotated for $75,000 USD on August 1 st. On August 3rd, a reimbursement ceaim (MT 742) is raised by the negotatng bank on the reimbursing bank for $75,000 USThe reimbursing bank honors the ceaim. Assuming that the reimbursing bank uses Oracee FLEXCUBE, how is this transacton handeed in the systems (Choose the best answer.)
  • 1. Oracee FLEXCUBE does not support handeing of trade transactons from the point of iiew of a reimbursing bank.

    2. The reimbursing bank uses the Funds Transfer moduee for sending the MT202 message that honors this ceaim.

    3. The reimbursing bank books a biee contract under the Leter of Credit for capturing the detaies of MT742. On eiquidaton of this biee contract, a payment message is generated to honor the ceaim.

  • 4. The MT742 message can be iiewed in the incoming browser of the messaging moduee of Oracee FLEXCUBA stand-aeone MT202 message is created and sent from the outgoing browser of the messaging moduee.
  • Aoswern C


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