PDF Version DemoPRMIA 8011 Exam Overview:
| Certification Vendor: | PRMIA (Professional Risk Managers' International Association) |
|---|---|
| Exam Name: | Credit and Counterparty Risk Manager (CCRM) Certificate Exam |
| Exam Number: | 8011 |
| Related Certifications: | PRM Designation |
| Certificate Validity Period: | Not formally time-limited certificate validity stated; PRMIA certificate program applies |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Real Exam Qty: | 60 |
| Exam Format: | Multiple Choice Questions |
| Passing Score: | 60% |
| Exam Price: | $549–$599 (depending on membership status) |
| Recommended Training: | PRMIA CCRM Candidate Guidebook PRMIA CCRM eCoach Course |
| Exam Registration: | Pearson VUE PRMIA Exam Scheduling PRMIA CCRM Certification Registration |
| Sample Questions: | PRMIA 8011 Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE (test center or remote proctoring) |
| Pre Condition: | No strict formal prerequisite; recommended familiarity with basic finance, derivatives, and credit risk concepts |
| Official Syllabus URL: | https://prmia.org |
PRMIA 8011 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Modern Credit Risk Modeling | - PD/LGD modeling frameworks - Credit VaR and loss distribution simulation |
| SA-CCR and Regulatory Frameworks | - Standardized Approach for Counterparty Credit Risk |
| Counterparty Risk | - Definition and sources of counterparty risk - Mitigation techniques (netting, collateral) |
| CVA and DVA | - Measurement and interpretation - Valuation adjustments |
| Credit Derivatives and Securitization | - Securitization structures and process - Credit derivatives instruments |
| Classic Credit Risk | - Credit risk methodology
|
| Credit Portfolio Management | - Portfolio credit risk measurement - Risk concentration and diversification |
PRMIA Credit and Counterparty Manager (CCRM) Certificate Sample Questions:
Question #1
Which of the following is not a tool available to financial institutions for managing credit risk:
A. Third party guarantees
B. Cumulative accuracy plot
C. Credit derivatives
D. Collateral
Question #2
The backtesting of VaR estimates under the Basel accord requires comparing the ex-ante VaR to:
A. hypothetical profit and loss keeping the positions constant
B. realized profit and loss for the period
C. ex-ante VaR calculated for the subsequent periods
D. the Basel accord does not require banks to backtest VaR estimates
Question #3
The EWMA and GARCH approaches to volatility clustering can be applied to VaR calculations using:
A. historical simulations
B. analytical VaR
C. all of the above
D. Monte Carlo simulations
Question #4
If the odds of default are 1:5, what is the probability of default?
A. 16.67%
B. 20.00%
C. 12.00%
D. 50.00%
Question #5
The returns for a stock have a monthly volatilty of 5%. Calculate the volatility of the stock over a two month period, assuming returns between months have an autocorrelation of 0.3.
A. 7.071%
B. 8.062%
C. 10%
D. 5%
Solutions:
| Question #1 Answer: B | Question #2 Answer: B | Question #3 Answer: C | Question #4 Answer: A | Question #5 Answer: B |
We are confident about the products and aim to help you pass with ease. In case of failure, we will provide a no hassle full money back guarantee for the purchasing fee.
1116 Customer Reviews
Quality and ValueITbraindumps Practice Exams are written to the highest standards of technical accuracy, using only certified subject matter experts and published authors for development - no all study materials.
Tested and ApprovedWe are committed to the process of vendor and third party approvals. We believe professionals and executives alike deserve the confidence of quality coverage these authorizations provide.
Easy to PassIf you prepare for the exams using our ITbraindumps testing engine, It is easy to succeed for all certifications in the first attempt. You don't have to deal with all dumps or any free torrent / rapidshare all stuff.
Try Before BuyITbraindumps offers free demo of each product. You can check out the interface, question quality and usability of our practice exams before you decide to buy.