Oracle 1z1-415 : Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials

  • Exam Code: 1z1-415
  • Exam Name: Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
  • Updated: Aug 02, 2026
  • Q & A: 85 Questions and Answers

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Oracle 1z1-415 Exam Syllabus Topics:

SectionObjectives
Letters of Credit and Nostro Reconciliation- Trade Finance Operations
  • 1. Letter of Credit product setup
  • 2. Import and export Letter of Credit processing
  • 3. Matching rules and reconciliation classes
  • 4. Reimbursement and Letter of Credit resolution
Money Market, Foreign Exchange, and Funds Transfer- Treasury and Transfer Operations
  • 1. Foreign exchange deal processing
  • 2. Money market product maintenance
  • 3. Lifecycle processing and revaluation
  • 4. Funds transfer types and settlement processing
Basic Instructions and Retail Telling- Retail Teller Operations
  • 1. Foreign exchange transactions
  • 2. Till balancing and workflow maintenance
  • 3. Retail Teller product setup and configuration
  • 4. Cash, cheque, and demand draft transactions
  • 5. Standing instructions and product definition
Bills and Collections- Bills Processing
  • 1. Import and export bills under Letter of Credit
  • 2. Reimbursement lodging and honoring
  • 3. Forfaiting and collection processing
Fixed Assets, Expenses, and Lending- Lending and Asset Management
  • 1. Lending product definition and configuration
  • 2. Consumer lending lifecycle management
  • 3. Payment and collection processing
  • 4. Fixed asset maintenance
  • 5. Loan contract processing

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

1. Identify the format in which the number of original documents is input. (Choose the best answer.)

A) n
B) nn/n
C) n/n
D) nn


2. Which statement is true about a change of operation for an export bill that is not under LC? (Choose the best answer.)

A) a non-LC collection bill must be liquidated first and on the same day and a discounted bill must be booked separately, in order to handle change of operation
B) a non-LC collection bill can be unlocked and the operation code can be changed from collection to discount if the same is allowed at the product level
C) Only a change of operation from collection to purchase is supported directly for an export bill that is not under LC.
D) Change of operation from collection to discount is supported only for LC-based transactions.


3. What happens to a customer account when a transaction is of type "foreign exchange purchase against account?" (Choose the best answer.)

A) The account is credited.
B) The account is debited.
C) it depends on the currency being purchased.
D) it depends on whether the customer account is Savings or Current.


4. What benefit does an exporter get when asking for a documentary credit (LC) to be confirmed by the advising or negotiating bank? (Choose the best answer.)

A) Confirmation of the LC ensures that the goods that are exported are of very high quality.
B) Confirmation of the LC removes all discrepancies in the documents submitted.
C) There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
D) After confirming the LC, the advising or negotiating bank will pay or promise to pay against presented documents, which after checking are found to be as


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


Solutions:

Question # 1
Answer: D
Question # 2
Answer: C
Question # 3
Answer: A
Question # 4
Answer: D
Question # 5
Answer: D

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