Avaloq ACCP (Complete Questions 2020)
From the avaloq course ACCP. Questions to all Chapters of all 3 Books
From the avaloq course ACCP. Questions to all Chapters of all 3 Books
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Flashcards
It is the rule set that you load from a rule loader table into a rule table, not the individual rules.
True
The matching criteria (rule clause) defines what should happen when the rule is executed.
False -> defines whether a rule is triggered or not
Which rule always matches, if none of the given conditions match a rule?
catch-all-rule
Translations of labels use the source type LABEL LANG
False -> source type LABEL XLATE
Labels are stored in a database table called LABEL_DB
False -> stored in OUT_TEXT_NORM
What are classifications/classe? (5)
- are extensions that enable categorization of objects
- is the definition of an object property with predefined options
- a class defines a possible value of its classification
- classifications can be customized by code tables
- used for calculations and processing
The data dictionary created from a source of type CODE TAB provides access to all the data of the code table.
True
If a Kernel CODE TAB DEF source has no public range line, then customization specialists cannot add any rows to the code table.
True
In which source Type it is defined, if the Symbolic ID's of a Code Table can be used or not?
CODE TAB DEF
Sources can have the following attributes ...
Corrupt, Error, Warning
Sources can have the following statuses...
Valid, Invalid, Dropped
Which are the 2 customization types in the ACP?
Parametrization and Scripting
Remote compilation in ICE supports all source types.
False -> not all (eg. BIN, DOKU). Only the installer supports all types
When we need different (release) streams in ice?
When the issue requires a solution with different releases
What is an open / closed security?
Closed security means that, by default, a user cannot access anything (i.e. objects / orders) without being explicitly allowed to do so, whereas open security allows the user access to anything which is not protected.
The ABS divides security into 3 areas ...
Confidentiality, Integrity, Availability
Date types in bookings: The expression "today +3 v" means the actual date plus 3 weekdays
False -> "v" stands for working or value days
A correspondent bank is a financial institution, that acts as an intermediary and transfer agent, to connect banks to foreign markets (for payments between 2 persons for eg.)
True
What is the shared container concept?
in addition to being owned by a business partner, a client container is also owned by the business unit (bank). There is a vostro relationship between an Avaloq bank and its client.
What is a settlement period?
difference between transaction date (agreement of transaction) and settlement date (exchange concluded)
What is a settlement?
Act of finalizing a trade (party and counter-party are needed)
According to booking principle's debit and credit should always be equal and balance to zero.
True
GAAP's have the same rules globally.
False -> they differ from country to country/region to region
An interim Account is an account used to temporarily hold a transaction before it is transferred to the destination account. This account is usually used for internal banking reasons
True
A nostro account is money account held at another bank, a vostro account is a money account held by a BP or another bank (perspective of an Avaloq Bank).
True
In the ABS, debits always have the value "-" and credits have the value "+"
True
Booking orders result from financial transactions. They trigger bookings, like the static data orders.
False -> static data orders don't trigger bookings
What is a booking?
Movement of assets
What are classifications/classes?
Extensions that enable categorization of objects
For an object the extensions are classifications, keys and additions.
For an order the extensions are keys and additions.
Partially true -> besides missing some extensions, the extensions for orders are "order keys" and "order additions"
All attributes in Avaloq are customizable.
False -> only the EXTN-attributes are customizable, all other are defined by Avaloq
A BP cannot exists without a PERSON?
False -> if BP represents a bank, a BU of a bank, a counterparty or settlement institute, there is no PERSON required.
A Position (POS) can only be linked to one asset (ASSET) and one container (CONT).
True
The SmartClient GUI is divided into which 4 areas?
Avaloq button (top left), Ribbon (top), Sidebar (left), Work area (center, right)
FWP connects to the FWOM, while mobile/web banking propagates data via replication, meaning it uses a copy of the FWOM data known as the EWOM.
False, the FWP (Frontworkplace) connects to the EWOM, while mobile/banking uses FWOM, a copy of the EWOM data.
The Frontworkplace and Web/Mobile Banking in Avaloq use the same architectures
False -> The FWP uses the EWOM and the Mobilebanking uses the FWOM
The Avaloq Front Platform consists of Front Workplace (FWP), Web- and Mobile Banking.
True
In the ACP all layers are handled by an Oracle relational DBMS using PL/SQL.
True
The ABS consists of which 3 layers?
data layer, application layer, presentation layer
The Avaloq Banking Suite does only support the Middleoffice in a Bank?
false -> its supports all 3 organizational levels (Front-, Middle-, Backoffice)
