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Oracle 1z1-415

1z1-415

Exam Code: 1z1-415

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

Updated: Aug 09, 2026

Q & A: 85 Questions and Answers

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Oracle 1z1-415 Exam Syllabus Topics:

SectionWeightObjectives
Lending and Fixed Assets20%- Loan lifecycle and installment processing
- Fixed assets and expense management
Product and Component Configuration20%- Charges, fees, and UDE setup
- Product definition and component classes
Architecture and Core Concepts15%- FLEXCUBE Universal Banking technical architecture
- System components and integration framework
Limits, Collateral and Security15%- Limit management and collateral setup
- User access control and security configuration
Customer and Account Management15%- Account opening and parameterization
- Customer information maintenance
Trade Finance Operations15%- Bills and collections processing
- Letters of Credit and guarantees

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

1. What does the field SI Amount refer to while processing sweep-in transactions?
(Choose the best answer.)

A) balance in the debit account that should trigger the sweep
B) balance in the credit account that should trigger the sweep
C) minimum sweep amount
D) amount to be swept i n


2. What is the maximum number of charges that can be attached to a Retail Teller product? (Choose the best answer.)

A) unlimited
B) four
C) five
D) three


3. A money market Borrowing Contract is created. The Contract Value date is January 1,2014 and the Maturity date is March 31,2014. The customer then approaches the bank and requests extension of the Contract. The new Maturity date is April 2,2014.
On which screen would you perform the extension of this Contract? (Choose the best answer.)

A) Money Market Rollover
B) Money Market Value Dated Amendment
C) Money Market Rollover, Money Market Contract Schedule, and Money Market Value Dated Amendment
D) Money Market Contract Schedule


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


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

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


Solutions:

Question # 1
Answer: C
Question # 2
Answer: C
Question # 3
Answer: B
Question # 4
Answer: B
Question # 5
Answer: C

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