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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) minimum sweep amount
C) balance in the credit account that should trigger the sweep
D) amount to be swept i n
2. In the Lending Product FRCLPROD, INTEREST_RATE is attached to a Rate Code LIBOR. The LIBOR changes daily, resulting in UDE value changes. The product configuration requires that INTEREST_RATE is linked to LIBOR as on the date of creation for the next X years (X varies for different customers) and be changed thereafter.
Which option best satisfies this requirement? {Choose the best answer.)
A) Create different Rate Codes for each of the X periods
B) Create different products for each of the X variants.
C) Use the already created Rate Code (attached to LIBOR) and have a Rate Revision Schedule, which changes after X years
D) Such a product code cannot be defined without code changes
3. Identify the format in which the number of original documents is input. (Choose the best answer.)
A) nn
B) n
C) n/n
D) nn/n
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) Unlock the bill contract and input the "acceptance message date," which will stop additional tracers.
B) Select the "auto tracer stop' option at the Bill product level.
C) Upload the incoming Acceptance message" into the bill contract by using the straight through processing option.
D) Unlock the bill contract and select the "stop tracer option.
5. During liquidation of Teller transactions, if the system detects insufficient funds in an account, the subsequent credit that happens to the settlement account needs to be blocked. How is this achieved in the system? (Choose the best answer.)
A) by enabling auto liquidation
B) by enabling cash GL (General Ledger) posting
C) by enabling track receivable
D) by enabling the overdraft facility
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C |
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