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Question 34 - Certified Financial Services Cloud discussion

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Lake Tahoe Bank allows more than two owners on Financial Accounts. The Salesforce Admin wants to make sure that balances are rolled up to all joint owner's primary Households. Which 2 options does the Salesforce Admin have to accomplish this?

A.
Enable all RBL (Rollup By Lookup) rules to ensure the balances are rolled up to the household level.
Answers
A.
Enable all RBL (Rollup By Lookup) rules to ensure the balances are rolled up to the household level.
B.
Enable the 'Enable Rollup Summary' in custom settings
Answers
B.
Enable the 'Enable Rollup Summary' in custom settings
C.
Create custom RBL (Rollup By Lookup) rules to rollup the joint owner balances.
Answers
C.
Create custom RBL (Rollup By Lookup) rules to rollup the joint owner balances.
D.
Disable RBL (Rollup By Lookup) rules that rollup balances using joint owner on Financial Account.
Answers
D.
Disable RBL (Rollup By Lookup) rules that rollup balances using joint owner on Financial Account.
E.
Enable RBL (Rollup By Lookup) rules that rollup balances using Financial Account Role for joint owners.
Answers
E.
Enable RBL (Rollup By Lookup) rules that rollup balances using Financial Account Role for joint owners.
Suggested answer: C, E

Explanation:

Rollup By Lookup (RBL) is a feature in Financial Services Cloud that allows you to display summary calculations of financial account information, such as balances, market values, and cost bases. You can use RBL to roll up financial data to all joint owners' primary households by doing the following:

Create custom RBL rules to rollup the joint owner balances using the Joint Owner field on the Financial Account object.

Enable RBL rules that rollup balances using Financial Account Role for joint owners using the Account Role field on the Account Contact Relationship object. Verified

Reference: : Salesforce Financial Services Cloud Implementation Guide, page 75.

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asked 23/09/2024
Gbolahan Olukole
29 questions
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