Learn with Oracle : 1z1-415 training material for 100% pass

Updated: Sep 09, 2026

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Oracle 1z1-415 Exam Overview:

Certification Vendor:Oracle
Exam Name:Oracle FLEXCUBE Universal Banking 12 Advanced Functional Implementation Essentials
Exam Number:1Z0-415
Related Certifications:Oracle FLEXCUBE Universal Banking Certified Implementation Specialist
Oracle FLEXCUBE Universal Banking 12 Technical Implementation Essentials
Exam Format:Multiple Choice
Exam Price:USD 245
Exam Duration:120 minutes
Real Exam Qty:80
Available Languages:English
Sample Questions:Oracle 1z1-415 Sample Questions
Exam Way:Computer-based exam delivered through Oracle-authorized testing providers and available via online proctoring or test center where offered.
Pre Condition:No mandatory prerequisite; Oracle recommends knowledge of Oracle FLEXCUBE Universal Banking and relevant implementation experience or training.
Official Syllabus URL:https://education.oracle.com/learning-paths/oracle-flexcube-universal-banking-functional/lPathCol_OFSSFLEX_col_jv1

Oracle 1z1-415 Exam Syllabus Topics:

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

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

Question #1

A Letter of Credit with tenor as sight stipulates that the reimbursement of bills submitted under this Letter of Credit can be claimed immediately after negotiation of documents.
Which SWIFT message is generated by the system for claiming this reimbursement? (Choose the best answer)

  • A. MT747
  • B. MT740
  • C. MT752
  • D. MT742
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #2

Back-to-back LC contracts can be handled in Oracle FLEXCUBE. Which statement is true about a back-to-back LC? (Choose the best answer.)

  • A. All active and authorized export LCs are available for linkage, irrespective of different counter parties.
  • B. An export LC can be linked to only one import LC.
  • C. Amendment, cancellation, or close of an export LC that is linked to an import LC is not possible.
  • D. it is possible to enable the back-to-back flag only for an export LC.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

Which three are methods of revaluation used in a foreign exchange product? (Choose three.)

  • A. Net Present Value
  • B. redonimation
  • C. straight line
  • D. rebate
Reveal Solution  Discussion  0

Correct Answer: A,C,D  🗳️

Question #4

Different events are triggered during the life cycle of an LC contract. Which event is triggered on issuance of an import LC t (Choose the best answer?)

  • A. REIN
  • B. AVAL
  • C. BOOK
  • D. BISS
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #5

In Landing Module, what are Settlement Bridge General Ledgers used to handle? (Choose the best answer.)

  • A. multiple modes of settlement
  • B. adjustment entries
  • C. suspense entries
  • D. multiple disbursement schedules
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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