Online Access Free 1z0-415 Exam Questions

In which product type are foreign exchange cash deal products configured? (Choose the best answer.)

• A.spot
• B.cash
• C.Non Deliverable Forward
• D.forward

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.TPFT event and RESERVE_RELEASE advice
• C.TPFT event and PAYMNTFATE_TRCR advice
• D.TDIS event and DISCAPPRVLJRCR advice

Which statement is true about lodging export bills that are not under LC? (Choose the best answer.)

• A.These are collection bills governed by URC 522. The system does not allow you to save a collection bill with discrepancies.
• B.These are collection bills governed by URC 722. The system allows you to input and save any discrepancies noted for collection bills.
• C.These are collection bills governed by URC 522. The system allows you to input and save any discrepancies noted for collection bills.
• D.These are collection bills governed by URC 722. The system does not allow you to input and save any discrepancies noted for collection bills.

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.There is no benefit. LC confirmation is a practice that banks follow to earn more revenue.
• C.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
• D.Confirmation of the LC removes all discrepancies in the documents submitted.

For a revolving-in-time LC that was issued on January 1,2014 with a reinstatement frequency of 60 days, what would be the next reinstatement date? (Choose the best answer.)

• A.March 1.2014
• B.None. LCs cannot revolve in time.
• C.February 28, 2014
• D.March 2. 2014