Q&A

1. In which app can we find out if prop class is mandatory for product? aa.prod.line
2. At any given time how many prod cond are applicable at the same time for an prop of an
arrangement? 1
3. What is the true about currency specific prod condition? value form company table if not specified
otherwise
4. A property created is attached to the property group in order to have effect.
5. Which product lines are not predefined by Temenos? None
6. A property can be hidden to prevent a user to modify it at arrangement level? Product only
7. A bank who wants to offer a preferential prod with an amount fixed. How do you do that? Default
+ non negotiable
8. A bank wants that for charges and interest to put additional to be applied later. Yes, property class
type as dated – (the name is in the key)
9. What is effective date? The date starting the effect on the product
10. A charge property type set as CREDIT is? Charge payable to the customer
11. Account prop class is defined as mandatory in lending prod line. What effect does it have in prod
group? also mandatory
12. A user would like to include a new property of a property class in a product. The product already
contains another property of the same property class which attribute controls whether this is
possible. Property class type filed must be set to multiple.
13. A property needs to be defined as part of the products – but should not be visible to user at the
arrangement not should do any activity be allowed for this property. How can this be achieved?
Set Property.type filed for a property to Product Only
14. Say 20 may 2014 is the start date of loan, bank wants to give rolling and 1 y, what is the valuation
date or evaluation date? 20 may 2014 to 20 may 2015

Quiz 1

1) Which of the following is true in AA?

a. A product is an assembly of product conditions-TRUE
b. Product lines are designable by clients-FALSE
c. Product groups can be designed by Temenos-FALSE

2) What is a product condition?

a. It assigns values to attributes of a product group
b. It assigns values to attributes of a property class-TRUE
c. It assigns values to attributes of a product line

3) Where can a property be set as mandatory or optional?

a. In product group-TRUE
b. In product
c. In product line

4) Where are attributes and actions defined?

a. In every property class-TRUE
b. In every product group
c. In every property
 5) What is an attribute?
a) Common condition used for every product line
b) Common features defined for every property class -TRUE
c) Common functionality defined in every product group

6) Where are property classes set as mandatory or optional?

a) Product line-TRUE
b) Product
c) Product group

Quiz 2

1) A saleable product can be a Parent-TRUE

2) What is the use of negotiations rules?

a) User can set whether the property defined at product level can be viewed or edited at
arrangement level
b) User can control the modification of attribute value in arrangements-TRUE
c) User can control multiple use of property classes in product
3) Which of the following is true about the characteristics of a product?
a) A product can be set as for inheritance only as well as saleable-TRUE
b) A product can have more than one parent
c) A product can either be set as saleable or for inheritance only and not both

Quiz 3

1) What is the effective date in a product condition?

a. Date on which product condition was created
b. Date on which the product condition values take effect for a product-TRUE
c. Date on which the product will be available for sale
2) Which of the following is a comparison type for amount data type?
a. Like
b. Basis point
c. Maximum
3) Which of the following is true about negotiation rule options?
a. It can be both non-negotiable and override
b. It can be both negotiable and override
c. It can be both negotiable and non-negotiable

Quiz 4

1. Which of the following statements is true?

a. A product can be set as as inheritance only and a saleable product-FALSE
b. A parent product can have only one child product-FALSE
c. A saleable product can be set as a parent product-TRUE
2. 2-C

3-B
Quiz 5

1. Which of the following is true about proofing and publishing?

a. Proof parent and child to add a child to catalog
b. When a child product is proofed and published, its parent is also automatically proofed
c. Proof first and then publish-TRUE

2. When is a product made available for sale?

a. When it is dully and published
b. From the indicated available date after due publishing-TRUE
c. When it is dully proofed

3. How can a product be withdrawn from further sale?

a. By deleting the product conditions
b. By indicating the expiry date-TRUE
c. By deleting the product

4. In which application can we find that given property class has been given as
mandatory?AA.PRODUCT.LINE
5. At any given point, how many product conditions are applicable for a property of an arrangement?
Only one
6. What is the truth about currency specific product condition?
If the Property Class is Currency the effect is, the Product Condition Name will pick the value from
Company Table
7. A user has created a new property to be used in a product. Where should the user attach it the
property? AA.PRODUCT.GROUP
8. Which product lines are not predefined by Temenos? All product lines are predefined by
Temenos.
9. A property can be hidden to prevent the user by modifying … How is this achievable?
PRODUCT.ONLY
10. A bank wish to offer a preferential deposit product commitment amount 10.000 USD ….how can
be specified? DEFAULT value and NON-NEGOTIABLE
11. For charges and interest-additional product conditions applicable in the future? The
PROPERTY.CLASS must be dated
12. What is the effective date?
13. A charge property type set as CREDIT? What is the meaning of credit? Charge payable to customer
14. The account property class is defined as mandatory in lending product line. What effect does it
have in prod group? Also mandatory
15. A user would like to include a new property of a property class in a product. The product already
contains another property of the same property class which attribute controls whether this is
possible?
Answer: Property class type filed must be set to multiple.
16. A property needs to be defined as part of the products but should not be visible to user at the
arrangement not should do any activity be allowed for this property. How can this be achieved?
Answer: Set PROPERTY.TYPE filed for a property to PRODUCT ONLY
17. Say 20 may 2014 is the start date of loan, bank wants to give rolling and 1 y, what is the valuation
date or evaluation date?
Answer: 20 may 2014 to 20 may 2015
1. When a change-interest activity is opened in AA.SIMULATION.CAPTURE, which app is opened in
input mode? AA.SIM.INTEREST
2. Which of the following product groups cannot be created by user? Any product group can be
created by user. None are hard coded
3. The bank wants to be able to pay a bonus interest to customer if customer requests the loan to
be disbursed within the 5 days of the loan creation. It is possible to define such bonus interest in
the system? Yes, fully supported.
4. A bank wants to display an override message if the default value of an attribute is amended at the
arr level. How should it go about setting this condition? For the appropate attribute, No. Options
should be set to OVERRIDE
5. Which application must the user enter to calculate a payoff? Aa.simulation.capture
6. A user tries to run a simulation but gets pop-up window saying “Processing…” which does not
stop. What could be the problem? The simulation service is not running.
7. The bank has 3 loan products. New arrangement fee is applicable for all the 3 products. For the
first, the fee is a flat 100 USD. For the second, the fee is a flat 200 USD. For the third, the fee is
1%. Upon proofing and publishing the parent product, the system throws an error for the third
product. What could have happened? 1+2 -> all balance types for the new arrangement have not
been defined, and calculation source has not been defined for the new arrangement fee
8. A lending arrangement is accruing daily on both principal interest and penalty interest. A
backdated activity is performed on the arrangement. Which is true when this event happens?
Both principal interest and penalty interest are re-accrued
9. The following is a product condition for the term amount property class.
Attribute 1: amount, options 1: negotiable, type1.1. Max value1.1.: 100000, Message 1.1. Error
Type 1.2. Minim value 1.2. 1000, Message Override
What of the following is a correct statement?
While inputting an Arrangement an err is displayed if the amount is greater than 100000 and an
override is displayed if the amount is less than 1000

10. In the periodic attribute record, user saw COOLING-OFF as one of the list of values in RULE.START
attribute. How or where does the system determine this base date? Based on the date calculated
from COOLING PERIOD defined in TERM AMOUNT product condition
11. A bank created a product called “home loan” but does not assign conditions to a mandatory
Property in the group. But the product is successfully proofed and published. What could be the
reason? If the home loan product has inherited the mandatory conditions from a parent product,
this would be possible
12. A bank only deals with USD which is also the local currency. A definition exists in CHARGE product
condition and a currency has not been stated in the key of this condition. What is the effect of
this on the CCy field of the charge conditions? The ccy field is defaulted with the local ccy (USD)
13. The no of activities triggered for an arrangement was more than 300. The user is unable to view
“older” activities in the typical activity log on the Arr overiew screen. In which file can be locate
these activities? AA.ACTIVITY.HISTORY
14. An arrangement has the following activities performed on 07.01: trans activity T1, 10.01
scheduled activity S1(SOD). Today 15.01a backdated user activity U1 was performed effective
05.01 and kept in INAU. What is the order of process of the activities involved when this U1 is
authorized?
15. A charge property is defined as SUSPEND and SUSPEND.OVERDUES in PROPERTY.TYPE field. What
does this denote? When a contract becomes overdue and reaches a status set for suspension,
the charge property suspends all of its past and current dues
16. When an arrangement is created for a product belonging to bundle, ccy field I not prompted.
What would be the reason behind this?

17. Which application is used to store all the information about product line? AA.PRODUCT.LINE
18. For a particular product, Bank allows customer to make multiple loan disbursement. How should
the bank set up this product in order to permit this? No set up is required
19. A consultant is designing a student loan product which belongs to the personal loan group. She
includes a loan account property which belongs to the account property class and has defined the
Arrangement link as “Tracking”. When committing the product designer record, she gets an error
“property cannot be tracked”. What could by the possible cause? The account property class is
not trackable. And therefore the conditions linked to the loan account property cannot be tracked
20. A personal loan product is available for sale in the product catalog. When inputting an
arrangement for the product, the user specified the currency as JPY. When validation the activity
the user gets the following err “not a valid ccy for this product”. What is the reason for this? JPY
is not defined as a valid ccy in AA.PRODUCT.DESIGNER for the personal loan product.
21. What is the purpose of setting the REBUILD ACTIVITIES field set to YES when committing a product
group? AA will build/rebuild the activity records for every property defined in the product group
22. A product may not be available to users to take arrangements for various reasons. Which of the
following is not one of them? Even though the product is set as saleable it has been set to look at
a parent.product in a product designer
23. What does the field negotiated.rules in each of the ARR condition signify? It indicates the canhes
of the current instance with that of the product condition at the same instance.
24. A bank has defined an interest property as CREDIT in PROPERTY.TYPE field. What is the
significance of this setting? Payable for the customer.
25. A loan is scheduled to mature 20.05.2014. when does the maturity processing take place assuming
the system moves from 18.05 to 20.05? 20.05 SOD
26. A consultant creates a new property. What additional new configuration data can then be
associated with that property? Activities and balance types if any balance prefix is defined
27. When the activity CHANGE-PAYMENT.SCHEDULE is opened in AA.SIMULATION.CAPTURE, which
app is opened in input mode? AA.SIM.PAYMENT-SCHEDULE
28. What happens when arrangement link is set to CUSTOM TRACKING for a product condition in a
product? Those attributes that were negotiated or set as fix value remain fixe at the arr level and
rest of the attributes track the changes at the product condition
29. A user inputs a backdated activity for an interest service arr. To his surprise, he notices that no
activities are reversed or replayed. What whould be the reason? Reverse/Replay is not supported
for products belonging to the internet service product line
30. Where can a bank define a negotiation rule attribute to use with a product condition? A
negotiation rule attribute is any valid field in the property class and that could be defined directly
in the product condition,
31. A bank wished to create an offer for a customer to extend the term of the existing loan with a
new payment schedule, and show the customer the new payment schedule. Since this is only an
offer which the customer may or may not accept, the bank user does not want to modify the live
 conditions. How is this done? The user creates a Simulation Capture for the requirement, runs the
simulation, looks at the simulated ARR overiew.
32. All product conditions have the field DEFAULT.ATTR.OPTION. which of the following is true about
the functionality of this field? It determines whether the arr condition should be retained or
overwritten with the new product condition when change.product happens
33. An arr has the following activities performed:
05.01 – user activity – U1
07.01: transaction activity T1
10..01: scheduled activity – S1 (SOD)
Today, 15.01, the user activity has been reversed. What is the order of process of the activities
involved when U1 is now deleted? Rasp D

34. A bank desires that for charges and interests, they would like to create additional product
conditions to be designed at the product level, to be applicable at a later date for the ARR
belonging to this product. Is this possible to set? Yes, since the type filed of the property class
have been defined as dated
35. A property can be hidden to prevent users from modifying or viewing the attributes at the
arrangement level. How is this achieved? For such a property, the property.type in aa.property
should be set to product.only
36. A bank wants to display an override message if the default value of an attribute is amended at the
arrangement level. How should it go about setting this condition? For the appropriate attribute
nr.options should be set to override
37. Which of the following is true about the DEFAULT.ATTR.OPTION attribute set on a product
condition? Assume arrangement is running on P1 and CHANGE.PRODUCT happens to P2? Only
the default.attr.option definition on P1 is taken into account when change.product is triggered.
38. Bank has created a 3 level product hierarchy- child, parent, grandparent. The same activity
charges property has product condition defined as both grandparent and parent levels and no
specific condition has been saved for the child product for this property. The above hierarchy of
products is published. When the arr is created for the child, which activity charges condition will
the arr use? Charges defined at parent level
39. The bank users are currently using the simulation function to simulate the new deposit offerings.
They do not execute the simulation though. The users are complaining that there are too many
unnecessary fields appearing when they only need to fill the term and term amount for simulation
purpose. They would want to see and input those extra fields only if a real deposit arr is created.
Is there anything that can be done? AA.PRD.DES.ACTIVITY.PRESENTATION
40. A bank user is not able to trigger an activity as secondary activity from parent activity. What might
be the reason? ACTIVITY.TYPE is not set a secondary for the particular activity class.
41. A bank wishes to offer loan with a fixed term of 2y. However, in special cases, it would allow the
term to be extended to 4y, but the min term should not be less than 2 y. How can this be achieved
in Term Amount prod cond? The term field should be set at 2y and negotiable with a min period
of 2 y and max per of 4 Y (with err msg)
42. Which activity uses the field DEFAULT.ATTR.OPTION on product condition?
CHANGE.PRODUCT.ARRANGEMENT
43. A bank typically allows customers to switch products within mortgage group during the arr
lifetime. The product change is mainly for the purpose of the renegotiating the interest rate.
Charge amounts remain the same since they are inherited from the parent product. Their
requirement is that when user inputs the change request, the interest rate field should clear off
old value and it is essential for users to input a new interest rate. For charges, values should
remain as original arr agreement without the compulsory need for user intervention. What should
the bank do? In the product condition for charges set the default.attr.option as non resetting. In
the prod condition for interest, set default.attr.option as resetting. Define interest rate attribute
as mandatory and negotiable in Nr. Options
44. A bank defines charge property as residual.accrual in property type field of AA.PROPERTY, what
features does it provide? When charges accrued is greater than the charge amount due for that
period, the excess amount may be moved to RES<CHARGE> balance of this property
45. What is the purpose of setting REBUILD ACTIVITIES field to YES when committing a product group?
AA will rebuild/build the activity class records for every property defined in the product group
46. A customer wants to negotiate the interest rate of a loan product and to understand the effect of
a commitment increase. The user understand that he needs to simulate 2 activities (change
interest and increase commitment) as part of one scenario. How is this achieved? The user must
first capture both activities using aa.simulation.capture. he can then create aa.simulation.runner
record and reference the ID of the two
47. The following product condition for the Term.Amount property class
Property class attribute 1: term options: negotiable
Type 1 max period value: 7y message err
Attribute 2: revolving, options override, default negotiable NO
Which of the following is a correct statement?
While inputting an arr, an error will be displays if the term entered is greater than 7y and override
will be displayed if the revolving field is negotiated.
48. The bank wishes to reorganize the structure of the product catalog (in the model bank screen
view). Specifically, they would like to combine the internet service and proxy services product
groups and display them as one single classification in the catalog instead of 2 separate
classification. Is this possible? Set the same value in attribute field of the product groups
49. Which application would provide the details of last activity triggered on a arr?
AA.ACTIVITY.HISTORY
50. How many balances can an arr of a financial product have? Depends on the balance prefix for the
associated properties
51. A bank desires that during the renewal activities product conditions should have the option of
being maintained at the arr level or can be reset form the product. Is this possible? Field
DEFAULT.ATTR.OPTION for respective product conditions should be set as RESETTING or NON
RESETTING
52. The following is a portion of a personal loan product designer record property:
Property 1: principal int, 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, 2 Tracking the following 2: periodic
rate margin. Product condition records exist: 1 periodic rate margin usd 20000101, 2. Periodic
rate margin usd 200000601. The following two fixed floating level product condition record exist:
1. Fixed floating level usd 20000101 2. Fixed floating level us 20000601. For an arr input of 01 apr,
which prod condition will be effective on 2 june? Fixed foalting level usd 20000601
53. A bank wishes to offer housing loans which generally have a term of 5y or more. In certain cases
the bank wishes to approve an arrangement which is less than 5y. how can this be specified in the
product condition? The term should be defined with default value of 5y or above and set
negotiable with a minperiod of 5Y, below witch it should generate an override message
54. A bank wants to input narrative while doing an ARR activity and then display this narrative in the
Account statement. It is possible? Yes
55. When CHANGE.INTEREST activity is opened in AA.SIMULATION.CAPTURE, which application is
opened in input mode? AA.SIM.INTEREST
56. The bank has been told they can create future dated product conditions so that the system will
update conditions for existing ARR when tracking is set. When they looked at the property class
record for PAYMENT.RULES they can’t find FORWARD.DATED type. They are complaining that
they have been given wrong info. They said this is because without the FORWARD.Dated type
they cannot create future dated product conditions for payment rules.
The type dated is where they should have looked.