An MM Borrowing contract has been created. The contract value date is 0l-Jan-2010 and maturity date is 31-Mar-2010. The customer has approached the bank and requested for an extension of the contract with a maturity date of 02-Apr2010.

From which screen of the MM module, can the extension of this contract be performed?

A. MM Rollover screen

B. MM Contract Schedule screen

C. MM Value Dated Amendment screen

D. from all of these three screens

Which definitions does Bank Parameter Maintenance allow?

A) Account Class Mask Definition B) CIF Mask Definition C) Product Mask Definition D) GL Mask Definition

A. A, B, C and D

B. A, B and C

C. A, B and D

D. B and D

Which statement is true when the schedule type for a corporate deposit is capitalized?

A. All the interest components are capitalized.

B. All the interest and charge components are capitalized.

C. Only the main interest and main charge are capitalized.

D. Only the main interest is capitalized.

Which three conditions must be satisfied to effect netting contracts?

A. Contracts are linked to the same counterparty.

B. Contracts have the same value date.

C. Contracts have the same currency pair/currency.

D. Contracts have the same settlement amount in local currency

E. Contracts have the same booking date.

What is the maximum number of retries allowed for Partial Liquidation action?

A. 99

B. 365

C. 999

D. 9999

A single vendor provides multiple services to the bank but different expense heads need to be changed. How is this achieved?

A. Separate contracts have to be created whenever different expense heads are charged.

B. This can be achieved by using the Contract Level Expense GLs feature.

C. This has to be managed manually.

D. A vendor is maintained in the system and different GLs are mapped to this vendor.

Which product type should be selected for setting up for utility bill payments?

A. Standing Payment Orders

B. Variable Payment Orders

C. Sweep Out Transactions

D. Standing Collection orders

Which elements correspond to the System Data Element?

A) Value Dated Balance B) Interest Day Basis from Currency Definition C) Interest Rate defined D) Interest Product Preference

A. A and B

B. A, B and C

C. A, B and D

D. B and C

Where is the Routing mask (for clearing transactions) defined?

A. Bank Parameters

B. Clearing Products

C. Branch Parameters

D. ARC maintenance

There can be Overage or Shortage of Cash while performing Retail Teller transactions. A bank can specify in which GL the Overage or Shortage should be booked by the teller. The Overage or Shortage GL can be maintained under which screen?

A. Arc Maintenance Screen

B. Retail Teller Product Screen

C. Till and vault Maintenance screen under Branch Parameters

D. Arc Maintenance Screen and Retail Teller Product Screen