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

  • Exam Code: 1z1-415
  • Exam Name: Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
  • Updated: Oct 27, 2026
  • Q & A: 85 Questions and Answers

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Oracle 1z1-415 Exam Syllabus Topics:

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

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

Question #1

Home loans are given at a fixed interest rate of 10%. The rate now must be increased to 11 %. How can this be done in the system? (Choose the best answer.

  • A. by unlocking the loan account and changing the value on the Interest tab
  • B. by changing the interest rate on the UDE values screen
  • C. by changing the rate value in Loan Account UDEs
  • D. by amending the UDE value on the Value Dated Amendment screen
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #2

If an Outgoing Request for a debit transaction is approved, what would it result in? (Choose the best answer.)

  • A. incoming payment C outgoing direct debit
  • B. outgoing payment
  • C. incoming direct debit
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #3

Which three operations are not allowed for a product with the Discounted Straight Line method of revaluation? (Choose three.)

  • A. limits tracking
  • B. partial payment
  • C. rollover
  • D. cancellation
Reveal Solution  Discussion  0

Correct Answer: B,C,D  🗳️

Question #4

Identify two types of money market contracts where the maturity date is not input by a user. (Choose two.)

  • A. floating
  • B. notice
  • C. call
  • D. fixed
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

Question #5

Which two frequency types can you configure for revaluation in a foreign exchange product? (Choose two.)

  • A. annually
  • B. monthly
  • C. weekly
  • D. daily
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

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