S.

No Question Answer 1 Answer 2 Answer 3

1 A consultant is designing a The Account
Student Loan Product which Property Class is
belongs to the Personal Loans not trackable and
Product Group. She includes a therefore the
Loan Account Property which conditions linked
belongs to the Account Property to the Loan
Class and has defined the Account Property
Arrangement Link as cannot be tracked.
"TRACKING". When
committing the Product Designer
record, she gets an error
"PROPERTY CANNOT BE
TRACKED". What could be
the possible cause for this error?

2 What is the purpose of setting AA will

the REBUILD.ACTIVITIES field to build/rebuild the
"YES" when committing a Activity records for
Product Group. every Property
defined in the
Product Group.

3 Which of the following A Property Class

statements is true? defined as
'Mandatory' in a
Product Line,
should have at
least one Property
specified at the
Product group
level.

4 While creating a Product Group, The user has set

a user gets the following error the MANDATORY
"AT LEAST ONE PROPERTY MUST field to 'NO' for all
BE MANDATORY". What is the of the Properties
reason for this? belonging to a
Property Class
which is defined as
'Mandatory' at the
Product Line level.
5 Is it possible to create product It is possbile since
conditions for the CHARGE currency is an
property class following format? optional
1. CHARGE.COND1--20081010 2. component for the
CHARGE.COND2-USD-20081010 CHARGE product
condition.

6 A Personal Loan Product is JPY is not defined

available for sale in the Product a valid currency in
Catalog. When inputting an AA.PRODUCT.DESI
arrangement for the product, the GNER(hence not
user specifies the currency as propagated to
JPY. When validating the activity AA.PRODUCT.CAT
the user gets the following error ALOG record) for
"NOT A VALID CURRENCY the Personal Loan
FOR THIS PRODUCT ". Product.
What is the reason for this?

7 The following is a Product This is an incorrect

Condition for the Term Amount definition. For the
Property Class: Attribute.1: TERM Attribute
Options.1: NEGOTIABLE Type.1: REVOLVING,
MAXPERIOD Value.1: 7Y OVERRIDE is an
Message.1: ERROR Attribute.2 : invalid option
REVOLVING Options.2 : when Default
OVERRIDE Default Negotiable : Negotiable is NO
NO Which of the following is a
correct statement?

8 The following is a Product All fields of the

Condition for the Term Amount Term Amount
Property Class: Default Product Condition
Negotiable: YES Attribute.1: can be negotiated
AMOUNT Options.1: at the
NEGOTIABLE Attribute.2: Arrangement level
REVOLVING Options.2: NON- except for the
NEGOTIABLE Which of the REVOLVING field.
following is a correct statement?

9 A user creates a new Product AA.PRD.DES.INTER

Condition for the Interest EST
Property Class. The record ID is
DEFAULT.INTEREST-USD-
20110310. Where can the user
find this record?
10 The following is a portion of a FIXED.FLOATING.L
Personal Loan Product Designer EVEL-USD-
record: Property.1: PRINCIPALINT 20000601
Condition.1.1:
PERIODIC.RATE.MARGIN
Effective.1.1: Arr Link.1.1:
TRACKING Condition.1.2:
FIXED.FLOATING.LEVEL
Effective.1.2: 1M Arr Link.1.2:
TRACKING The following two
"PERIODIC.RATE.MARGIN&
quot; Product Condition records
exist: 1.
PERIODIC.RATE.MARGIN-USD-
20000101 2.
PERIODIC.RATE.MARGIN-USD-
20000601 The following two
"FIXED.FLOATING.LEVEL&q
uot; Product Condition records
exist: 1. FIXED.FLOATING.LEVEL-
USD-20000101 2.
FIXED.FLOATING.LEVEL-USD-
20000601 For an arrangement
input on 1st April 2000, which
Product Condition will be
effective on 2nd June 2000?

11 The following is a Product While inputting an

Condition for the Term Amount Arrangement, an
Property Class: Attribute.1: Error will be
AMOUNT Options.1: displayed if the
NEGOTIABLE Type.1.1: AMOUNT entered
MAXIMUM Value.1.1: 100000 is greater than
Message.1.1: ERROR Type.1.2: 100000 and an
MINIMUM Value.1.2: 1000 Override will be
Message.1.2: OVERRIDE Which of displayed if the
the following is a correct AMOUNT entered
statement?" is less than 1000.

12 A user inputs anArrangement for AA.ARR.TERM.AM

the Personal Loan product.. OUNT
Which application stores values
for the fields AMOUNT, TERM,
etc. which belong to the Term
Amount Property Class for the
given arrangement?

13 Which application would provide AA.ACTIVITY.HIST

the details of last activity ORY
triggered on a arrangement?

14 Which of the following is user All of the above

definable in AA?
15 Which application is used to AA.PRODUCT.LINE
store all the information about
product lines?
16 A property needs to be defined Set
as part of the product - but PROPERTY.TYPE
should not be visible to the user field for a property
at the arrangement nor should to PRODUCT.ONLY
any activity be allowed for this
property. How can this be
achieved?

17 What is true about currency Product condition

specific Product Conditions? could be defined
in any permissible
currency but, if
the currency is not
stated, it
automatically
defaults to the
local currency.

18 At any given point of time how One

many Product Conditions are
applied for a Property of an
Arrangement.

19 In which application can we find Product Line

out whether a given Property
Class has been defined as
mandatory for a product?

20 Where can the User define a Product Group

Property as mandatory for a
Product?
21 A bank has introduced a new The bank can
Mortgage Product. One of the simulate a new
bank's customers is arrangement.
interested in it and wants to
know the payment amount,
based on a negotiated interest
rate, before entering into a
agreement with the bank. Can
this be done in AA?

22 A user inputs a backdated Reverse / Replay

activity for an Internet Service is not supported
Arrangement. To his surprise he for Products
notices that no activities are belonging to the
reversed or replayed. What is the Internet Services
reason for this? Product Line.

23 Which application allows the AA.SIMULATION.C

user to initiate simulation in AA? APTURE
24 A customer wants to negotiate The user must first
the interest rate of a loan capture both
product and to understand the Activities using
effect of a commitment increase. AA.SIMULATION.C
The user understands that he APTURE. He can
needs to simulate two activities then create a
(change interest and increase AA.SIMULATION.R
commitment) as part of one UNNER record and
scenario. How can this be reference the IDs
achieved? of the two
captured
activities.

25 Which Product Lines are not pre- All Product Lines

defined by Temenos? are pre-defined.
They are not user
definable

26 Which of the following Product Any Product

Groups cannot be created by the Group can be
user? created. None are
hard coded

27 How are Product Groups linked Through the

to Product Lines in PRODUCT.LINE
AA.PRODUCT.GROUP? field in
AA.PRODUCT.GRO
UP

28 A bank would like to create a The base Product

base Product and pass on the should be marked
characteristics of the properties as "Inheritance
to its child products. The base Only"
Product should not be sold to the
customers. How can a bank
achieve this?

29 How can a bank create a Retail By indicating the

Account Product in AA which desired currencies
could be available in all in multi- value
currencies? field CURRENCY of
the Product
Designer

30 A bank creates a Product called If the "Home Loan"

"Home Loan" but does not assign Product has
conditions to a mandatory inherited the
Property in the group. But the mandatory
product is successfully proofed conditions from a
and published. What could be Parent Product,
the reason? then this would be
possible
31 What happens when Those attributes
arrangement link is set to that were
"CUSTOM negotiated or set
TRACKING" for a product as FIX-VALUE
condition in a product? remain fixed at
the arrangement
and rest of the
attributes track the
changes at the
product condition.

32 Is it possible to include more Yes, since the

than one Property of a INTEREST TYPE of the
Property Class in a Product? Property Class has
been defined as
MULTIPLE

33 The ACCOUNT Property Class is At least one

defined as mandatory in the Property of the
LENDING record of ACCOUNT
AA.PRODUCT.LINE. What effect Property Class has
does this have on Product to be included in a
Groups? Product Group
that is linked to
the LENDING
Product Line

34 How many balances can an Depends on the

Arrangement of a financial balance prefix for
product have ? the associated
properties.

35 The bank would like to create a Create a single

number of products which are parent product
very similar and only differ in and multiple child
some features. What should you products. Place
advise? the common
conditions in the
parent product
and define
properties with
unique conditions
in the child
products
36 The bank wishes to reorganise Set the same value
the structure of the Product in ATTRIBUTE field
Catalog (in the model bank of the Product
screen view). Specifically, they Groups
would like to combine the
Internet Services and Proxy
Services Product Groups and
display them as one single
classification in the catalog
instead of 2 separate
classifications. Is this possible ?

37 Which of the following is true The product must

about the Effective Date for a have a product
Product Condition? condition for each
property with an
effective date no
later than the
Availablity Date

38 A new product has an INTEREST Product is

property linked to a Product published and will
Condition called SINGLE. There be available from
are two product conditions called 1 August 2011
SINGLE one dated 15 July 2011,
the other dated 5th August 2011.
I proof and publish this product
with an available date of 1
August 2011. Today's date
is 23rd July 2011. What happens?

39 A new product has an ACCOUNT Product fails to

property linked to a Product proof
Condition called SAVER. There
are two product conditions
named SAVER - one is dated 29th
July, the other is dated 5th
September. I proof and publish
this product with an available
date of 23rd July. Today's
date is 15th July. What happens?

40 Which of the following is not The effective date

true about the Availability Date of a product
used in proofing and publishing a condition must be
product? later than the date
on which the
product is
published
41 A user would has created a new Product Group
Property to be used in a product.
Where should the user first
attach this property to be
effected on the product?

42 A user would like to include a Property Class

new Property of a Property Class TYPE field must be
in a product. The product already set to MULTIPLE
contains another property of the
same property class. Which
attribute controls whether this is
possible?

43 A Bank would like to design a Create two

Loan Product wherein both properties for
Principal Interest and Penalty interest. Attach
Interest are levied on the different product
customers. The rate and conditions for
balances at which these interests each of these
are calculated are different. How properties in the
can this be designed in AA? product and attach
corresponding
balances in
AA.PRODUCT.DESI
GNER for each of
these properties.

44 A consultant onsite tries to add a It is not possible

ACTIVITY.CHARGE Property to an to configure this
INTERNET.SERVICES Product as it is not
Group but this causes an error. supported by the
What can they do to rectify this? INTERNET.SERVICE
S Product Line

45 A consultant creates a new Activities and

Property. What additional new balance types if
configuration data can then be any balance prefix
associated with that Property? is defined

46 Among the following property ACCOUNT

classes, choose the one in which
the child product condition does
not merge with the parent
product condition .

47 A user tries to run a simulation The simulation

but gets a pop-up window saying service is not
"Processing…" which does not running
stop. What could the problem
be?
48 Product condition for interest Interest rate
property in a product is set as resets to 12.5%
"NON.TRACKING".
The interest rate at the product
is set as 10% and changed to 20%
at Arrangement. There is a
CHANGE.PRODUCT scheduled in
3 Months and the Interest in that
product is configured to 12.5%.
Assuming all conditions have
DEFAULT.ATTR.OPTION set to
"RESETTING" what
would be the rate on the
arrangement after 3 months?

49 Can a bank user choose to Yes it is possible by

publish a product through a running the service
service? AA.PUBLISH.SERVI
CE with process
method as
SERVICE

50 A bank wants to define Special The AMOUNT field

Term Deposits, wherein, the should be left
Deposit amount is flexible and blank so that no
does not follow any default value is defaulted
amount. Is this possible to be set at the
under Term Amount product Arrangement level
condition? and the attribute
should be set as
Negotiable

51 A bank wishes to offer a The AMOUNT field

"Preferential should have a
Deposit" Product and its default value of
commitment amount must be 500,000 and be set
500,000. How can this be as Non-Negotiable
specified in Term Amount
product condition?

52 A bank wishes to offer The AMOUNT field

"High Value may be defined
Deposits" which would not with an optional
be allowed to be negotiated default value upto
above 5 million at the 5 million and set
Arrangement level. How can this to Negotiable upto
be specified in Term Amount a MAXIMUM of 5
product condition? million beyond
which it should be
set to generate an
Error message
53 A bank wants to display an For the
Override message if the default appropriate
value of an attribute is amended attribute,
at the arrangement level. How NR.OPTIONS
should it go about setting this should be set to
condition? 'OVERRIDE'

54 A Property Class has CCY set in its The currency part

TYPE field. While creating a of the Id is
Product Condition, what happens automatically
if currency is not explicitly defaulted to local
specified as part of the Id? currency

55 While creating a Product The date part of

Condition for the Term Amount the record Id is
Property Class the user enters a automatically
record Id without a date. What defaulted to
will be the effect? system date

56 A bank only deals with USD The CURRENCY

which is also its local currency. A field must be
definition exists in CHARGE populated,
product condition and a currency however the
has not been stated in the key of currency specified
this condition (e.g. in this field can be
ADMINCHARGE--20130101) . different from the
What is the effect of this on the currency defined
CURRENCY field of the Charge in Id
condition?

57 What are Periodic Rules? Rules placed on

attributes that
have a time
element

58 The Arrangement Overview It is not stored

displays the full Schedule of anywhere, they
payments(with dates, amount are projected and
etc till the end of the schedule) computed at run
for an Arrangement. In which time by a NOFILE
table is the data for this stored? enquiry

59 Which of the following is not true It must be later

about the Availability Date used than or equal to
in proofing and publishing a the date on which
product? the product is
published
60 When a customer submits a UNC
payment on a loan which has no
due amounts, the bank wants to
hold the payment (without
allocating it to principal, interest
or charges) until amounts are
actually due. The ACCOUNT
record in AA.PROPERTY.CLASS
has the following specified in the
BALANCE.PREFIX field: CUR, DUE,
AGE, UNC and UND. Which of
these would be useful in this
scenario?

61 Where can a bank define a A Negotiation Rule

Negotiation Rule Attribute for Attribute is any
use with a Product Condition? valid field name in
the respective
property class and
that could be
defined directly in
the product
condition.

62 A bank wishes to create a It should specify

Product Condition which allows the fields that are
for negotiation of certain Non-Negotiable
attributes at Arrangement level and must specify
while some other fields should default values for
be non-negotiable. How should it any of these fields
go about creating this condition which are
if it has decided to set the mandatory. For
DEFAULT.NEGOTIABLE field to Negotiable fields
Yes? the bank can
optionally define
default values and
any necessary
negotiation rules
63 A bank wishes to offer The AMOUNT field
"High value may be defined
Deposits" but wants a with no default
warning if the deposit amount value and set to
goes above 2 million at the Negotiable upto a
Arrangement level. How can this MAXIMUM of 2
be specified in the Product million above
condition? which it should be
set to generate an
Override message

64 A bank wishes to offer The TERM field

"Housing Loans" should be defined
which generally have a Term of 5 with an optional
Years or more. In certain cases default value of 5Y
the bank wishes to approve an or above and set
arrangement which is less than 5 as Negotiable with
years. How can this be specified a MINPERIOD of
in the Product condition? 5Y, below which it
should generate
an Override
message

65 A Property can be hidden to For such a

prevent users from modifying or Property, the
viewing the attributes at the PROPERTY.TYPE in
arrangement level. How is this AA.PROPERTY
achieved? should be set to
'PRODUCT.ONLY'

66 A bank wants to display an For the

Override message if the default appropriate
value of an attribute is amended attribute,
at the arrangement level. How NR.OPTIONS
should it go about setting this should be set to
condition? 'OVERRIDE'

67 Which Activity is generated by No Activity is

the system when AA sends a generated
message for Delivery?
68 Which application must the user AA.SIMULATION.C
enter to calculate a payoff? APTURE
69 A bank wishes to have multiple This is not
Properties of the Payment supported, can
schedule Property Class into one only have one
Product and asks you to Property for
configure the system to allow Payment schedule
this. What would be a correct and this is not user
response? configurable
70 A bank wishes to create an offer The user creates a
for a customer to extend the Simulation Capture
term of the existing loan with a for the
new payment schedule, and requirement, runs
show the customer the new the simulation,
payment schedule. Since this is then looks at the
only an offer which the customer simulated
may or may not accept, the bank Arrangement
user does not want to modify the Overview
live conditions. How is this done?

71 What happens when an activity, The activity would

which has a property condition be authorized and
which is processing a M function system would
as part of it, is authorized? perform an
Authorize process
for M function as
well.

72 A bank wants to suspend the In AA.PROPERTY,

interest amount that is already PROPERTY.TYPE
overdue (in Bills) when the Field should be set
Arrangement begins to as
"suspend"(stops SUSPEND.OVERDU
accruing to PL) . What should be ES for the interest
done to achieve this? record

73 What is the purpose of defining So that attribute

Negotiation rules at the product values at the
condition level? arrangement level
may be modified
according to the
rules stated

74 A Bank desires that for Charges Yes, since the

and Interest, they would like to TYPE Field of the
create additional product Property Class has
conditions, to be applicable at a been defined as
later date, at the Arrangement DATED
level. Is this possible to be set?

75 By referring to which application AA.PRODUCT.LINE

can we determine whether a
given Property Class is
mandatory for a line of business?
76 While setting rules for Term and All Fields that
Amount for Corporate loans, a have a default
Bank has decided to set value would be
DEFAULT.NEGOTIABLE Field as defaulted at
Yes and not to set any Arrangement level
Negotiation rules. What will be and the Term and
the effect of this setting? Amount related
choices are fully
negotiable

77 Which of the following Any number of

statements is not true with parents can be
respect to Inheritance in AA? specified for a
product

78 A Bank desires that during Field

renewal activities product DEFAULT.ATTR.OP
conditions should have the TION for
option of being maintained at respective product
the arrangement level or can be conditions should
reset from the product. Is this be set as
possible? 'RESETTING' or
'NON-RESETTING'

79 A bank wishes to offer a lending The AMOUNT field

product for which the minimum need not have any
loan amount is 100,000. default value.
However, there is no limit for However, the
maximum loan amount. Is it AMOUNT field
possible to configure this in Term should be set as
Amount Product condition ? negotiable subject
to a MINIMUM
amount of 100,000
and less than
which it should
generate an error
message.
80 A bank wishes to offer loans with The TERM field
a Fixed Term of 2 Years. should be defined
However, in special cases, it with a default
would allow the term to be value of 2Y. Also,
extended upto 4 Years, but the the TERM field
minimum term should not be should be set as
less than 2 years. How can this Negotiable with a
be achieved in Term amount MINPERIOD of 2Y
product condition? and MAXPERIOD
of 4Y with error
messages when
the value is less is
less than 2Y or
more than 4Y

81 A bank wishes to offer The TERM field

"Special Deposits" should be defined
which generally have a Term of 5 with an optional
Years or more. In special cases, default value of 5Y
the bank wishes to approve an or above and set
arrangement which is less than 5 as Negotiable with
years. How can this be specified a MINPERIOD of
in Term amount product 5Y, below which it
condition? should generate
an Override
message

82 A consultant wants to define EB.LOOKUP

AC.BALANCE.TYPE for all ageing definition of
types when he is designing a loan AA.OVERDUE.STA
product. Where could he find the TUS
prefixes for the Ageing balance
types?

83 When Changing Products, what They must be

must the two products have in members of the
common? same Product
Group
84 A bank wishes to offer a Special The AMOUNT field
Deposit for which the minimum need not have any
amount should be set as default value.
100,000. However, there is no However, the
limit on the maximum deposit AMOUNT field
amount. Is it possible to should be set as
configure this in Term Amount negotiable subject
Product condition ? to a MINIMUM
amount of 100,000
and less than
which it should
generate an error
message.

85 A bank wishes to offer deposits The TERM field

with a "Fixed Term of should be defined
3Y". However, in special with default value
cases, it would allow the term to of 3Y. Also, the
be extended upto 4Y, but it will TERM field should
not accept deposit less than 3Y. be set as
How can this be achieved in Negotiable with a
Term amount product condition? MINPERIOD of 3Y
and MAXPERIOD
of 4Y with error
messages when
the value is less is
than 3 years and
greater than 4
years.

86 "The following is a Product This is an incorrect

Condition for the Term Amount definition. For the
Property Class: Attribute.1: TERM Attribute
Options.1: NEGOTIABLE Type.1: REVOLVING,
MINPERIOD Value.1: 1Y OVERRIDE is an
Message.1: OVERRIDE invalid option
Attribute.2 : REVOLVING when Default
Options.2 : OVERRIDE Default Negotiable is NO
Negotiable : NO Which of the
following is a correct statement?
"
87 The bank wants to see only the Yes - through
Inputtable properties on the configuration in
screen and does not wish to see ACTIVITY.PRESENT
any other properties - for ATION property
example during UPDATE-
OFFICERS property, it only wants
to see OFFICERS property and
does not wish to see Interest,
Payment schedule etc. Can this
be done?

88 When a CHANGE-INTEREST AA.SIM.INTEREST

activity is opened in
AA.SIMULATION.CAPTURE, which
application is opened in Input
mode ?

89 A bank wants to define a Define the

property(and its conditions) - say property as
Officers property - at the product PRODUCT.ONLY in
level and does not want the AA.PROPERTY and
property to appear when taking include it like any
arrangements/doing other property in
amendments. How can this be the product
achieved?

90 When an Interest property is When a contract

defined as SUSPEND and becomes overdue
SUSPEND.OVERDUES in and reaches a
PROPERTY.TYPE field what does status set for
it indicate? suspension, this
property suspends
all of its past and
current dues

91 When an Interest property is When a contract

defined as SUSPEND in becomes overdue
PROPERTY.TYPE field, what does and reaches a
it indicate? status set for
suspension, the
property starts
suspending
subsequent dues
92 When a Interest property is When interest
defined as accrued is greater
"RESIDUAL.ACCRUAL&quot than the amount
; in PROPERTY.TYPE field of made due for
AA.PROPERTY, what feature does interest for that
it provide? period, the excess
amount may be
moved to
RES<INTEREST>
balance of this
property

93 A Bank has designed a product The property

which has a promotional interest needs to be set as
rate for the first year and from FORWARD.DATED
second year onwards, it moves in type field of
to standard rates. The bank AA.PROPERTY file
wants users to be allowed to so that they
negotiate this standard rate appear alongside
when the new arrangement is the current
taken. What can the bank do to condition as
allow negotiation on this multiple tabs
condition during NEW
arrangement itself?

94 When a user opens a NEW The condition has

arrangement activity, he sees DEFAULT.NEGOTIA
one of the properties where BLE attribute set
certain values are defaulted, but to NO at the
all fields remain NOINPUT. What product condition
could be the possible reason for
this? Assume there are no
attribute(field) level rules defined
in the product condition

95 An arrangement has the 10-Jan : S1 -

following activities performed on Reverse 07-Jan :
it: 05-Jan : User activity - U1 T1 - Reverse 05-
(User) 07-Jan : Transaction Jan : U2 - Input 07-
activity - T1 10-Jan : Scheduled Jan : T1 - Input 10-
activity - S1(SOD) Today : 15-Jan Jan : S1 - Input
A Backdated User activity U2 was
performed effective 05-Jan.
What is the order of process of
the Activities involved.
 96 An arrangement has the 10-Jan : S1 -
following activities performed on Reverse Authorise
it: 07-Jan : Transaction activity - 07-Jan : T1 -
T1 10-Jan : Scheduled activity - Reverse Authorise
S1(SOD) Today : 15-Jan A 05-Jan : U1 - Input
Backdated User activity U1 was Authorise 07-Jan :
performed effective 05-Jan and T1(Replay) - Input
kept in INAU. What is the order Authorise 10-Jan :
of process of the Activities S1(Replay) - Input
involved when this U1 is Authorise
Authorised

97 An arrangement has the 10-Jan : S1 -

following activities performed on Reverse 07-Jan :
it: 05-Jan : User activity - U1 T1 - Reverse 05-
(User) 07-Jan : Transaction Jan : U1 - Reverse
activity - T1 10-Jan : Scheduled 07-Jan : T1 - Input
activity - S1(SOD) Today : 15-Jan 10-Jan : S1 - Input
The user Activity U1 is now
reversed. What is the order of
process of the Activities involved.

98 An arrangement has the 10-Jan : S1 -

following activities performed on Reverse Auth 07-
it: 05-Jan : User activity - U1 Jan : T1 - Reverse
(User) 07-Jan : Transaction Auth 05-Jan : U1 -
activity - T1 10-Jan : Scheduled Reverse Auth 07-
activity - S1(SOD) Today : 15-Jan Jan : T1(replay) -
The user Activity U1 was Input Auth 10-
reversed. What is the order of Jan : S1(replay) -
process of the Activities involved Input Auth
when U1 is now Authorized?

99 An arrangement has the 10-Jan :

following activities performed on S1(replayed) -
it: 05-Jan : User activity - U1 Input Delete 07-
(User) 07-Jan : Transaction Jan : T1(replayed)
activity - T1 10-Jan : Scheduled - Input Delete 05-
activity - S1(SOD) Today : 15-Jan Jan : U1 - Reverse
The user Activity U1 was Delete 07-Jan : T1
reversed. What is the order of - Reverse Delete
process of the Activities involved 10-Jan : S1 -
when U1 is now deleted? Reverse Delete

100 Which of the following best All 3 of the above

describes the
CAN.PROP.CLASS/CAN.ACTION
fields in AA.ACTIVITY.CLASS?
101 What does the field USER.INPUT It determines
in AA.ACTIVITY.CLASS whether user is
determine? Assume the activity allowed to input
performed belongs to the when triggering
AA.ACTIVITY.CLASS in question the activity

102 All product conditions have a It determines

field called whether the
DEFAULT.ATTR.OPTION. Which arrangement
of the following is true about the condition should
functionality of this field? be retained or
overwritten with
the new product
condition when
CHANGE.PRODUC
T happens

103 Which activity uses the field CHANGE.PRODUC

DEFAULT.ATTR.OPTION on T-ARRANGEMENT
product condition ?
104 Field DEFAULT.ATTR.OPTION is P2's product
set to RESETTING in product condition would
conditions of P1 and P2 products, prevail
no other individual field
attributes have been defined.
What would happen to this
condition at Arrangement when
CHANGE.PRODUCT activity is
performed from P1 to P2?

105 Field DEFAULT.ATTR.OPTION is Arrangement

set to NON-RESETTING in condition would
product conditions of both P1 remain as it is and
and P2 products, no other there would be no
individual field attributes have impact of P2's
been defined. What would product condition
happen to this condition at on it.
Arrangement when
CHANGE.PRODUCT activity is
performed from P1 to P2?

106 Which of the following is true Only the

about DEFAULT.ATTR.OPTION DEFAULT.ATTR.OP
attribute when set on a product TION definition on
condition? Assume arrangement P1's product
is running on P1 and condition is taken
CHANGE.PRODUCT happens to into account when
P2. CHANGE.PRODUC
T is triggered
107 What does the field It indicates the
CHANGED.FIELDS in each of the attributes that
Arrangement condition signify? have been
changed between
the current
instance and the
immediately
preceding
previous instance
of the
Arrangement
condition

108 What does the field It indicates the

NEGOTIATED.FIELDS in each of fields that have
the Arrangement condition been changed on
signify? the arrangement
from the time it
was taken

109 An arrangement is accruing daily Both Principal

on both Principal Interest and interest and
Penalty interest. A backdated penalty interest
activity is performed on this gets adjusted and
arrangement. Which of the reaccrued
following is true when this event
happens?

110 A consultant successfully proofs While designing

and publishes a Retail Accounts the product,
product. When he looks for the INHERITANCE.ONL
product in the Product Catalog, Y Field is set as Yes
he is unable to find it, what could
be the reason for this?

111 A Bank has designed a product This product can

with INHERITANCE.ONLY Field also be sold
marked as Yes. Which of the
following statements is false in
this context?

112 A Bank has defined an Interest This cannot be set,

Property as CREDIT in Credit type
PROPERTY.TYPE Field. What is allowed only for
the significance of this setting? Charge Property
113 The bank desires that when Possible through
performing update activities, configuration in
only the property that is to be ACTIVITY.PRESENT
amended / updated appear on ATION property
the arrangement screen. Other
properties should be hidden. For
example, during an UPDATE-
INTEREST activity, only INTEREST
property should appear on the
screen. Can this be done?

114 When the activity CHANGE- AA.SIM.PAYMENT.

PAYMENT.SCHEDULE is opened SCHEDULE
in AA.SIMULATION.CAPTURE,
which application is opened in
Input mode?

115 A bank desires to define Define

CHANGE.PRODUCT property and CHANGE.PRODUC
its conditions at the product level T property as
and does not want the property PRODUCT.ONLY in
to appear when taking AA.PROPERTY and
arrangements/doing include it like any
amendments. How can this be other property in
achieved? the product

116 A Charge property is defined as When a contract

SUSPEND and becomes overdue
SUSPEND.OVERDUES in and reaches a
PROPERTY.TYPE field. What does status set for
this denote? suspension, the
charge property
suspends all of its
past and current
dues

117 When a Charge property is When a contract

defined as SUSPEND in becomes overdue
PROPERTY.TYPE field, what does and reaches a
it denote? status set for
suspension, the
charge property
suspends
subsequent dues

118 A Bank defines Charge property This is not possible

as "RESIDUAL.ACCRUAL" in to be set
PROPERTY.TYPE field of
AA.PROPERTY, what feature does
it provide?
119 A Bank has defined a Charge This charge
Property as CREDIT in property will be a
PROPERTY.TYPE Field. What is payable charge
the significance of this setting?

120 When an arrangement is created BUNDLE product

for a product belonging to line does not deal
BUNDLE, currency field is not with currencies
prompted. What could be the and the field
reason behind this? LINE.ATTRIBUTE in
AA.PRODUCT.LINE
is set to null

121 TRANSACTION.COUNT.TOTAL Activity

Periodic Attribute class could be Restriction
used on which Property Class?
122 An arrangement has an initial No. Because you
rate of 10% and interest rate is are allowed a
changed to 13%. A periodic rule percentage
is attached to the interest increase of up to
condition based on 20 since the rule
AA.PERIODIC.ATTRIBUTE.CLASS value stated is a
of RATE.INCREASE.TOLERANCE Percentage value
and rule value is stated as 20.
The comparison type defined for
this record is +TOLERANCE.
Would the rule be broken during
the rate change event assuming
the rule period is met?

123 FULL.DISBURSEMENT Periodic Term Amount

Attribute Class is to be used for
which Property Class?
124 A bank wants to setup a payable Set TYPE in
charge that will be capitalized on AA.PROPERTY to
the payment date. How can this CREDIT for the
be configured? Charge property
and define the
charge property in
PaymentSchedule
with
PAYMENT.METHO
D set to
CAPITALISE

125 A charge property in Charge will would

AA.PROPERTY TYPE is set as be assumed as
CREDIT. What does this signify? payable charge
126 An arrangement is in suspended Activity Charge
status, a charge collected as part due amount will
of repayment is made due and is be suspended only
aged. Which of the following when SUSPEND
statements is True? flag is set in
AA.PROPERTY

127 A Bank has set the field When core

SUPPRESS.SEE.MODE as Yes in AA.ACTIVITY.CLASS
AA.PRD.DES.ACTIVITY.PRESENTA has defined a
TION. However, the fields in property class to
property Payment Schedule is be user inputtable,
also opened up while doing the that cannot be
change term in an arrangement. suppressed using
Why is it so ? this flag

128 A Bank wants to input narrative Yes, it is possible

while doing an Arrangement to both input and
Activity and then display this display narrative
narrative in Account Statement. in Account
Is it possible to achieve this in Statement.
T24 ?

129 Which file can be amended by AA.PRD.DES.ACCO

user? (assuming user has the UNT
relevant user access rights)
130 A user created a product, Product has
proofed and published it. Now INHERITANCE.ONL
when the user tried to create Y set to YES
arrangement, the product was
not available in
AA.PRODUCT.CATALOG.What
could be the reason? (Note:
proof and publish completed
without any error)

131 What will happen when a Error thrown at

product is proofed without Available date
populating the AVAILABLE.DATE field since it is
field in AA.PRODUCT.MANAGER? mandatory to fill
this

132 Is it possible to create product It is possbile since

conditions for the CHARGE currency is an
property class in the following optional
format "Charge.cond--- component for the
20091202"? CHARGE product
condition.
133 The user specifies the currency GBP is not defined
as GBP. When validating the as a currency in
activity the user gets the AA.PRODUCT.DESI
following error "NOT A VALID GNER for the
CURRENCY FOR THIS PRODUCT ". Product
What is the reason for this?

134 Which of the following is not AA.PRODUCT.LINE

user definable in AA?
135 Which of the following is a valid ProductLine-
activity ID format? Process-Property
136 Which is the application that AA.PRODUCT.LINE
determines whether reverse and
replay is permitted for the
product ?

137 User wishes to be able to define AA.PRD.DES.ACTIV

the screens of certain properties ITY.PRESENTATIO
appearing on the arrangement N
screen. In which application
within AA can this requirement
be achieved?

138 Which of the following AA.SIMULATION.R

application allows user to input UNNER
transaction amount values
required to simulate a payment
in AA ?

139 The number of activities AA.ACTIVITY.HIST

triggered for an arrangement ORY.HIST
was more than 300. The user is
unable to view 'older' activities in
the typical activity log on the
Arrangement Overview screen.
In which file can he locate these
activities ?

140 The Bank created a new activity The Bank missed

charge property and updated in out a step to select
the product group. They also REBUILD.ACTIVITI
included the corresponding ES to Yes when
product condition in the product. attaching the new
After successfully proofing and property in the
publishing the product, the user product group
starts to perform the activity
which is intended to trigger the
fee. However, he received an
error message "AA ACTIVITY
MISSING" when trying to commit
the transaction. What will be the
reason?
141 A user is not able to reverse a AA.ACTIVITY.CLAS
particular activity in the system. S is defined as
What might be the reason? NOREVERSE
142 Which enquiry allows the user to AA.SIMULATION.
monitor the simulation in AA? MONITOR

143 A bank user is not able to trigger ACTIVITY.TYPE is

an activity as secondary activity not set to
from parent activity. What might secondary for the
be the reason? particular activity
class

144 A product may not be available Even though the

to users to take arrangements product is set as
for various reasons. Which of the Saleable, it has
following is NOT one of them? been set to look at
a
PARENT.PRODUCT
in product
designer.

145 How can we define the condition As part of ID of

record for a particular variant? AA.PRD.DES.XXX
record
146 Which of the statement is FALSE? Simulated
activities can be
retained for user-
defined days

147 Today is 20 May 2014. In the From 20 May 2013

AA.PERIODIC.ATTRIBUTE defined to 20 May 2014
by the Bank, PERIOD.TYPE field is
ROLLING and PERIOD is 1Y.
Restriction is on number of
account withdrawals. What is the
evaluation period of the
restriction if a withdrawal is
performed today ?

148 There is only one FIXED.RATE In the interest

interest condition used by the property record,
product. However, at the define its type as
arrangement level, user wants to 'forward dated'.
be able to define multiple fixed Make all fields
interest conditions for different required for input
time periods of a loan. e.g. 5% negotiable. At the
for first year and 6% for second arrangement level,
year and so on. How can this be multi value the
achieved ? respective interest
condition tabs for
different periods
149 The Bank reported an issue to The End Date field
TEMENOS. They said that their in Payment
users are not able to input a Schedule
value in the End Date field within condition was set
the payment schedule condition. to Non-Negotiable
However, they could input value
in the Start Date field within the
same condition. What could be
the reason ?

150 If a property class is defined as The actions The property of this

TRACKING.ONLY, which of the belonging to this type would appear
following options best describe property do get at the Arrangement
its characteristic? executed level(in SEE mode
only)

151 Bank wants to set up a type of Credit

fee where they can pay brokers
for introducing new loan
business. This fee is payable at
the new loan opening stage.
What should be the property
type ?

152 The Bank informed that they do Product Group

not have 'officers' in the loan was not rebuilt
department. Their loan users are
called 'managers'. As such, the
Bank wants a new property
named 'Managers' for the
Officers property class. The Bank
created this new property and
included in the product design.
After re-proofing and re-
publishing the product, the Bank
created new loan arrangements.
Subsequently, the user wanted
to update the manager's ID for a
particular loan. The user
discovered that he cannot find
'Update Managers' within the list
of 'New Activity'. What could
have happened ?
153 The Bank has 3 loan products. Calculation Source
New arrangement fee is has not been
applicable for all the 3 products. defined for the
For the first product, the fee is a new arrangement
flat USD 100. For the second fee
product, the fee is a flat USD
200. For the third product, the
fee is 1%. Upon proofing and
publishing the parent product,
the system throws an error for
the third product. What could
have happened ?

154 The Bank wants to be able to pay Yes, but the bonus
a bonus interest to customer if interest has to be
customer requests the loan to be defined as a fee
disbursed within first 5 days of property in the
the loan creation. Is it possible to system
define such bonus interest in the
system ?

155 What is the effect of setting No effect

ACCRUAL.BY.BILLS for the
disbursement fee property ?
156 Bank has managed to proof and The field
publish the new product GROUP.TYPE for
successfully. Upon checking the the Product Group
product catalog, they could not has been set to
locate this product at all. What 'External'
could have happened ?

157 Bank wants to accrue new Not possible

arrangement fee. What must
they do to achieve this ?
158 In the Officer condition used in For the attribute
Deposit products, the Bank PRIMARY.OFFICER,
wants to restrict the list of values define RANGE as
in the PRIMARY.OFFICER the NR.TYPE
attribute. The only list of values (Comparison Type)
allowed for selection is 1, 2, 3 and 1 2 3 4 as the
and 4. How should they define NR.VALUE
the negotiation rules for the
PRIMARY.OFFICER attribute ?

159 The Bank has defined PCHARGE DUEPCHARGE

as the periodic charge property
for its lending products. What
are the balance types that need
to be created ?
160 The Bank was informed of a very ACTIVITY.TYPE in
useful file known as AA.ACTIVITY.CLASS
AA.ACTIVITY.HISTORY. They for LENDING-
checked through the file and ACCRUE-INTEREST
were shocked that they are is defined as
unable to locate any historical NOLOG
interest accrual activity listed for
the loan. What is the reason ?

161 A loan is scheduled to mature on On 20 May 2014

20 May 2014. When does the Start of Day
maturity processing take place
assuming there are holidays
between the COB initiation day
and the next working day ?

162 The Bank wants to define a new Depends on the

periodic attribute for the periodic list of values found
attribute class in
TRANSACTION.AMOUNT.TOTAL. COMPARISON.TYP
While they were defining, they E field within this
came across a field AA.PERIODIC.ATTR
COMPARISON.TYPE. What is the IBUTE.CLASS
value that they need to indicate record
in this particular field ?

163 The Bank wants to utilise the Possible, define

same set of versions for all their MANDATORY as
3 deposit products. For the third the value in
deposit product, the Bank wants NR.OPTIONS for
to ensure that system forces END.DATE
users to input a value in the attribute
END.DATE field within Payment
Schedule condition. However,
this is not required for the 2
other products. Is it possible to
achieve this ?
164 The Bank is thinking of launching Create a new
a new loan product group known record for
as 'Car Loans' and is in the midst AA.PRODUCT.GRO
of building these test products. UP.ATTRIBUTE in
In the Bank's test environment, EB.LOOKUP.
they want to be able to Indicate this
differentiate these 'Test' loan attribute when
products from the 'Live' loan creating the
products. As such, they are product group
asking whether it is possible to
place the test products in a
separate folder on the product
catalog, away from the live
products. How can the Bank
create such folder in the product
catalog ?

165 Which of the following would be If the Bank wants

a typical use of &#39;Virtual to calculate
Balance&#39; in AA? interest based on
a summation of
balance types

166 The Bank was informed that for 10.1

any changes they made to the
product conditions, they will
need to perform the "proofing
and publishing" step. They
noticed a field
PRODUCT.VERSION in
AA.PRODUCT.MANAGER. The
value indicated there is 10. If the
Bank performs the proofing now,
what will be the next value ?
167 The Bank has been told that they The TYPE 'Dated'
can create future dated product is the one which
conditions so that system will they should be
update conditions of existing looking at
arrangements when 'Tracking' is
set. When they looked at the
property class record of
PAYMENT.RULES, they cannot
find the FORWARD.DATED type.
They are now complaining to
TEMENOS that they have been
given wrong information. They
said this is because without the
FORWARD.DATED type, they
cannot create future dated
product conditions for Payment
Rules.

168 In the product line record, the No problem, we

Bank sees the description can change the
'LENDING'. They inform us that description of
credit facilities in the Bank are all product line from
known as 'Financing' and would 'Lending' to
prefer if the description is 'Financing'
changed. Is there a way to
amend that ?

169 The Bank wants to control the Yes, create an

amount that customer repays appropriate
the loan within the first 3 years periodic attribute
into the contract. The total using the
repayment amount cannot be REPAY.TOLERANC
more than 20% of the loan E.TOTAL periodic
agreement amount. They want attribute class
system to calculate this
percentage difference and throw
an error message if necessary. Is
it possible to achieve this ?

170 The Bank wants to impose Rolling 1 year

penalty fee if customers partially
withdraw their deposits more
than twice within the last full 12
months. What would be the
most appropriate periodic
attribute to use ?
171 The Bank has defined the new Fee condition has
arrangement fee amount as fully been set to
negotiable. However, when users Tracking in the
create the new arrangement, product designer
they can only view but not able
to input a value. What could
have happened?

172 Bank has created a 3 level Activity Charges

product hierarchy - child product, condition defined
parent product and grandparent at parent level
product. The same Activity
Charges property has product
condition defined at both
grandparent and parent levels
and no specific condition has
been stated for the child product
for this property. The above
hierarchy of products are
published. When the
arrangement is created for the
child, which activity charges
condition will the arrangement
use ?

173 The Bank typically allows In the product

customers to switch products condition for
within the Mortgage group Charges, set the
during the arrangement lifetime. DEFAULT.ATTR.OP
The product change is mainly for TION to 'Non-
the purpose of re-negotiating the Resetting'. In the
interest rate. Charge amounts product condition
remain the same since they are for Interest, set
inherited from parent product. DEFAULT.ATTR.OP
Their requirement is that when TION to
user inputs the change product 'Resetting'. Define
request, the interest rate field the Interest Rate
should clear off old values and it field attribute as
is essential for users to input a Mandatory and
new interest rate. For charges, Negotiable in
values should remain as original NR.OPTIONS
arrangement agreement without
the compulsory need for user
intervention. What should the
Bank do ?
174 Bank wants to have zero PAYOFF product
tolerance between the payoff condition
transaction amount and the
simulated payoff bill amount.
They have defined 2 periodic
attribute records using the
periodic attribute class
PAYOFF.AMOUNT. One is for
negative tolerance and another is
for positive tolerance. Where
should they attach these periodic
attribute records to ?

175 In the Periodic Attribute record, Based on the date

user saw COOLING-OFF as one of calculated from
the list of values in RULE.START COOLING.PERIOD
attribute. How or where does defined in
system determine this base TERM.AMOUNT
date ? product condition

176 For a particular product, Bank No set up is

allows customers to make required
multiple loan disbursements.
How should the Bank set up this
product in order to permit this ?

177 The Bank wants to control the Attach this

number of times that a deposit is periodic attribute
being funded. Customers can to the
funding deposits by going to the ACTIVITY.RESTRIC
branch, via internet or remitting TION product
money from other financial condition of the
institutions. The Bank was told deposit. Define the
that they can make use of the total number of
TRANSACTION.COUNT.TOTAL counts allowed
periodic attribute class. What
should they do with this periodic
attribute class ?
178 The Bank users are currently The versions used
using the simulation function to for live
simulate new deposit offerings. arrangement
They do not execute the creation and
simulation though. The users are simulation can be
complaining that there are too defined in
many unnecessary fields AA.PRD.DES.ACTIV
appearing when they only need ITY.PRESENTATIO
to fill in the term and amount for N
simulation purpose. They would
want see and input those extra
fields only if a real deposit
arrangement is created. Is there
anything that can be done ?

179 There are 3 departments using No

the AA Loan application. Due to
their different job nature in each
department, the Bank wants to
display different arrangement
screen formats to their users. Is
this possible using the Activity
Presentation product condition ?

180 Bank has included the CHARGE CHARGE OVERRIDE

OVERRIDE property in the condition will only
product. They understand that appear when user
including this property can allow clicks on the
users to perform fee waiver at COMMIT or
the very moment of the VALIDATE button
arrangement activity. User
creates a new arrangement.
Aware that this is a special
customer, she decides to input a
partial waiver of the new
arrangement fee. However, she
does not see the Charge Override
condition appearing and could
not input the waiver
181 Bank wants a 1% fee to be SOURCE.TYPE is
collected when disbursement TXN.AMOUNT
takes place. The fee is based on
the disbursement amount. A loan
has the following information:
TOTCOMMITMENT is 100,000
and the disbursement is 20,000.
This will make the
CURCOMMITMENT become
80,000 and CURACCOUNT will be
20,000. When designing the
product, what should be the
values of the SOURCE.TYPE and
SOURCE.BALANCE ?
Answer 4 Answer 5 Correct Answer Loaded Answer
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