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FINASTRA CERTIFIED ASSOCIATE - FUSION LOAN IQ 7.4 FUNCTIONAL

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1. Characteristics of a Libor Loan include

Floating rate - no tenor
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2. Where is the interest cycle frequency added to a base or floating rate
outstanding.
The Int Cycle Freq box on the Outstanding Notebook.
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3. What is the definintion of a Syndication?
Method for Underwriting Bank to reduce its exposure and earn a spread on the
Underwriting Fee
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4. Servicing events include:
All of the above
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5. When entering remittance instructions in Loan IQ you can specify when the
remittance instructions are to be used. There may be different instructions for
incoming and outgoing funds, or they may be the same
True
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6. From the Outstanding Select screen a user can
all of the above
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7. The following fields are required in the Customer Contact screen:
A&B
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8. Once a new facility and its details has been added to an Amendment you
must create an Unscheduled Increase transaction to establish the facility
commitment amount
True
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9. In a Deal Notebook, the Pricing Rules Tab is where a user can
add Pricing Options and the Fee Pricing Rules
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10. Facility Navigator is accessed via Deal NB, Options/Facilities, or from the
Deal list, right mouse click and select Facility from the menu list.
True
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11. When creating a Document Tracking Notebook, the Expected Form Legal
Entity is mandatory
True
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12. When creating an outstanding in a currency other than the default
currency, a user must select that currency in the Outstanding Select screen
True
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13. Which option is available on the Intent Notice screen
All of the above
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14. Secondary Sales occur when an existing syndicate member buys or sells a
commitment ownership through an assignment or participation agreement
after the closing of the original deal
True
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15. Why would a user save a Deal in their desktop Favorites workspace?
Provide one-click access to Deal Overview Information
To avoid manually searching for the Deal
To share the Deal with other users
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16. In cases where the loan Limit is Float; Float means that the limit fluctuates
with the Facility Commitment
True
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17. A Distribution is required on all administrative fees
True
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18. Which of these is not included in basic Letter of Credit events
Repricing
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19. Initial steps to create a new Document Tracking record are
Select New, input Document Category select the Type and enter Expected From
Legal Entity
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20. To add a Borrower profile for your customer, a user must
Click Add Profile
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21. Loan IQ offers the flexibility to perform several transactions within one
Amendment because this is frequently how legal documents pertaining to
deals are amended
True
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22. At the highest level the information about the deal reflects all elements of
the deal structure these Top level items include
All of the above
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23. In order to create a Principal Payment
B&C
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24. Loan IQ does not allow you to have multiple addresses for a single
location.
False
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25. Once a customer has been created in Loan IQ it cannot be deleted if no
profile data exists
False
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26. Which of the following definitions is True
All of the above
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27. Facility Risk Types are added in
Type/Purpose Tab
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28. The results returned in Work in Process is a direct result of the Work In
Process filter
True
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29. Consider clarifying this as answer can also be Credit agreement: A Legal
financial arrangement structured for a borrower or a group of borrowers to
meet their financial needs is called
A&C
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30. Which of the following always defines a Sole Lender deal?
A deal with more than one facility
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31. A Circle can not be created from:
Lender Share Icon
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32. Non Business Day rules include
All of the above
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33. Classification defines the customer's type of business
True
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34. Before adding parties to a new a deal, one of the things that must have
already occurred is
All customer profiles must already exist: Borrower, Lender, Guarantor and
Beneficiary
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35. Which statement is correct concerning the Loan IQ Query functionality?
All of the above
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36. Which statement is correct? Use the Ad Hoc Query icon to:
All of the above
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37. Setting Host Bank Cost of Funds is required when a Loan
has been set to be match funded
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38. To add a Folder to your favorite's workspace you must
Right Mouse Click on the Favorites Folder and select New Folder
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39. When allocating a Portfolio on a pending Circle/Trade the allocated amount
initially defaults to the Facilities share of the Sell Amount
False
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40. Access rights to information and functions in the Customer notebook
depend on your security
True
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Complete
Time: 33 minutes, 24 seconds