Q1. Covenants are automatically marked active when:
A.The loan is paid off
B. 30 days before the Next Evaluation Date
C. The Loan is Booked
Correct Answer: C
Q2. What controls where Loan appears in Non-Pending Facilities and Pending Facilities on Product Package?
A.Product State Config
B. Stage
C. Status
D. Custom Settings
Correct Answer: A, B, C, D
Q3. True or False: To access the Default Rate Indices one would navigate via Setup>Develop>Custom Settings>Manage records next to Index
A.ATrue
B. False
Correct Answer: B
Q4. True or False: When curating data in an excel sheet, leading zeros are sometimes hidden.
A.True
B. False
Correct Answer: A
Q5. True or False: New Covenant Management records are created when the "Next Evaluation Date" is met.
A.True
B. False
Correct Answer: B
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