PRMIA 8011 exam dumps : Credit and Counterparty Manager (CCRM) Certificate Exam

  • Exam Code: 8011
  • Exam Name: Credit and Counterparty Manager (CCRM) Certificate Exam
  • Updated: Aug 13, 2026     Q & A: 330 Questions and Answers

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PRMIA 8011 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Credit Risk Modeling and Portfolio Management20%- Credit Portfolio Management
- Modern Credit Risk Modeling
Topic 2: Credit Valuation Adjustment (CVA) and Related Topics17%- Managing Counterparty Risk and CVA
- Credit Valuation Adjustment (CVA)
- XVA and SA-CCR
Topic 3: Classic Credit Products, Life Cycle and Credit Risk Methodology30%- Classic Credit Risk Methodology
- Introduction to Credit Risk
- Classic Credit Products
Topic 4: Case Studies7%
Topic 5: Credit Derivatives and Securitization13%- Securitization Processes and Instruments
- Credit Derivatives
Topic 6: Counterparty Risk and Risk Mitigation13%- Risk Mitigation Techniques
- Basics of Counterparty Risk

PRMIA Credit and Counterparty Manager (CCRM) Certificate Sample Questions:

1. When building a operational loss distribution by combining a loss frequency distribution and a loss severity distribution, it is assumed that:
I. The severity of losses is conditional upon the number of loss events II. The frequency of losses is independent from the severity of the losses III. Both the frequency and severity of loss events are dependent upon the state of internal controls in the bank

A) II
B) I and II
C) II and III
D) I, II and III


2. Which of the following objectives are targeted by rating agencies when assigning ratings:
I. Ratings accuracy
II. Ratings stability
III. High accuracy ratio (AR)
IV. Ranked ratings

A) I and II
B) III and IV
C) II and III
D) I, II and III


3. Which of the following are considered asset based credit enhancements?
I. Collateral
II. Credit default swaps
III. Close out netting arrangements
IV. Cash reserves

A) I and III
B) I and IV
C) I, II and IV
D) II and IV


4. Which of the following is a cause of model risk in risk management?

A) All of the above
B) Incorrect parameter estimation
C) Misspecification of the model
D) Programming errors


5. Which of the formulae below describes incremental VaR where a new position 'm' is added to the portfolio?
(where p is the portfolio, and V_i is the value of the i-th asset in the portfolio. All other notation and symbols have their usual meaning.)

A)

B)

C)

D)


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A
Question # 3
Answer: A
Question # 4
Answer: A
Question # 5
Answer: C

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