Which configuration is required only when Product Package supports a facility hierarchy?

Enhance your skills in commercial banking with the nCino 301 Configuration Exam. Tackle multiple choice questions, utilize hints, and gain explanations. Excel in your certification journey!

The required configuration that pertains specifically to when a Product Package supports a facility hierarchy is the editing of labels on the hierarchy tree. This is essential in ensuring that the structure of the facility hierarchy is clear, intuitive, and properly labeled for users. When a facility hierarchy is implemented within a Product Package, it often involves multiple levels and categories, making the visibility and comprehensibility of the hierarchy critical for efficient user navigation and understanding.

Effective labeling enhances user experience by providing context for different tiers in the hierarchical structure. This is particularly important in commercial banking, where users need to quickly understand relationships between various facilities or loans.

The other options involve configurations that, while beneficial in different scenarios, do not specifically relate to supporting a facility hierarchy. For instance, configuring Collateral Type icon images pertains to visual representation and branding rather than structural labeling. Enabling Credit Action Cascading impacts how credit actions are applied but does not change the hierarchy’s labeling. Similarly, configuring the CFG_TO_PSC system property relates to system functionality rather than the direct configuration of a facility hierarchy’s labeling system. Therefore, the editing of labels is uniquely necessary for enhancing usability when a facility hierarchy is in place.

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