A bank has entered into a USD Spot Deal with a customer on Monday, January 15 and there are no holidays during the week. On which date will the transaction be settled in the system?
A. as per Spot days maintained in bank parameters screen
B. as per Spot days maintained in branch parameters screen
C. as per Spot days maintained in the Currency Pair Definition screen for USD
D. as per Spot days maintained in the Currency Definition screen for USD
What is possible regarding Ear Marking?
A. blocking of a Liability
B. blocking of a Facility Line
C. blocking of funds for a Liability
D. blocking of funds for a Facility
Where is the Routing mask (for clearing transactions) defined?
A. Bank Parameters
B. Clearing Products
C. Branch Parameters
D. ARC maintenance
The Interest, Oracle Commission, and Fees are handled using the ICCF Rule definition in Oracle FLEXCUBE. Which statements are true about ICCF?
A) Branch-specific ICCF is supported in Oracle FLEXCUBE B) Customer Group specific ICCF a supported in Oracle FLEXCUBE C) Currency-specific ICCF is supported in Oracle FLEXCUBE D) Country-specific ICCF is supported in Oracle FLEXCUBE
A. A, B, C, and D
B. A, B and C
C. A, B and D
D. A and C only
Oracle FLEXCUBE terminology, what do Product and Contract denote, respectively?
A. Account and Transaction
B. Banking Services and Offerings
C. Banking Services and Transaction
D. Account and Facility
During the process of maintaining ICCF rules, the system checks for application of General rules (all branches, all currencies, and so on) and Specific rules (particular branch currencies and so on). Select the checks and the correct order in which they are done.
A. First - General rulesSecond - Specific rules
B. First - Specific rulesSecond - General rules
C. Only General rules are checked.
D. Only Specific rules are checked.
A bank owns 50 computer tables whose useful life has been set as 20 years; the depreciation method has been set as SLM. The bank wants to determine the residual value of these tables at the end of their useful life. What is the residual value?
A. 1
B. 0
C. almost 0
D. equal to the original cost of the new asset of the same type
A home loan is given at 10% fixed rate. The rate has to be increased to 11%. How is this done in the system?
A. by changing the value of rate in Loan Account UDEs
B. by amending the UDE value in the Value Dated Amendment screen
C. by changing the interest rate in the UDE values screen
D. by unlocking the loan account and changing the value in the Interest tab
Which maintenance is used to maintain accounting and charge details for combinations of product, customer, branch, and currency that will be applicable for Retail Teller non-instrument transactions?
A. ARC maintenance
B. IC maintenance
C. ICCF maintenance
D. Retail Teller transaction maintenance
Asset details captured using the Fixed Asset Capture screen. Keeping track of the status of the assets is also possible. In which screen is information about a Delivered Asset but not Inspected will be available?
A. FA Product
B. FA Query Views
C. FA Category
D. FA Group
Nowadays, the certification exams become more and more important and required by more and more enterprises when applying for a job. But how to prepare for the exam effectively? How to prepare for the exam in a short time with less efforts? How to get a ideal result and how to find the most reliable resources? Here on Vcedump.com, you will find all the answers. Vcedump.com provide not only Oracle exam questions, answers and explanations but also complete assistance on your exam preparation and certification application. If you are confused on your 1Z0-561 exam preparations and Oracle certification application, do not hesitate to visit our Vcedump.com to find your solutions here.