PRMIA 8011 real dump : Credit and Counterparty Manager (CCRM) Certificate Exam

  • Exam Code: 8011
  • Exam Name: Credit and Counterparty Manager (CCRM) Certificate Exam
  • Updated: Sep 20, 2026
  • Q&As: 330 Questions and Answers

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PRMIA 8011 Exam Syllabus Topics:

SectionObjectives
CVA and DVA- Credit valuation adjustment
  • 1. CVA interpretation
  • 2. CVA measurement
- Debit valuation adjustment
  • 1. DVA calculation
  • 2. Accounting treatment
Modern Credit Risk Modeling- Portfolio risk models
  • 1. Stress testing
  • 2. Value at Risk models
- PD/LGD modeling
  • 1. Probability of default
  • 2. Exposure at default
  • 3. Loss given default
Counterparty Risk- Risk mitigation
  • 1. Collateral management
  • 2. Netting
- Counterparty exposure
  • 1. Current exposure
  • 2. Potential future exposure
Credit Portfolio Management- Risk-adjusted performance
  • 1. Economic capital
  • 2. RAROC
- Portfolio monitoring
  • 1. Diversification
  • 2. Concentration risk
Classic Credit Risk Methodology- Traditional credit analysis
  • 1. Credit assessment frameworks
  • 2. Financial statement analysis
- Risk management practices
  • 1. Risk rating systems
  • 2. Credit approval processes
Credit Derivatives and Securitization- Credit derivatives
  • 1. Total return swaps
  • 2. Credit default swaps
- Securitization structures
  • 1. Asset-backed securities
  • 2. Collateralized debt obligations
Standardized Approach for Counterparty Credit Risk- Regulatory capital treatment
  • 1. Exposure measurement
  • 2. Basel framework application
- SA-CCR framework
  • 1. Potential future exposure calculation
  • 2. Replacement cost
Management of CVA and DVA- Operational implementation
  • 1. Regulatory considerations
  • 2. Pricing adjustments
- CVA management techniques
  • 1. Risk mitigation frameworks
  • 2. Hedging strategies
Classic Credit Products and Lifecycle- Traditional credit products
  • 1. Retail lending
  • 2. ESG and green lending products
  • 3. Corporate lending
- Credit lifecycle management
  • 1. Monitoring
  • 2. Workout and recovery
  • 3. Origination

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

Question #1

Which of the following statements are true:
I. Common scenarios for stress tests include the 1997 Asian crisis, the Russian default in 1998 and other well known economic stress situations.
II. Stress tests provide the assurance that an institution's worst case losses will be covered.
III. Performing stress tests is highly recommended but is not mandated under Basel II.
IV. Historical events can be modeled quite accurately as they have defined start and end dates.

  • A. I and II
  • B. I only
  • C. I, III and IV
  • D. All of the above
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

Under the KMV Moody's approach to credit risk measurement, which of the following expressions describes the expected 'default point' value of assets at which the firm may be expected to default?

  • A. Short term debt + 0.5* Long term debt
  • B. Short term debt + Long term debt
  • C. 2* Short term debt + Long term debt
  • D. Long term debt + 0.5* Short term debt
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #3

Which of the following will be a loss not covered by operational risk as defined under Basel II?

  • A. Systems failure
  • B. Earthquakes
  • C. Strategic planning
  • D. Fat finger losses
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

The backtesting of VaR estimates under the Basel accord requires comparing the ex-ante VaR to:

  • A. realized profit and loss for the period
  • B. ex-ante VaR calculated for the subsequent periods
  • C. hypothetical profit and loss keeping the positions constant
  • D. the Basel accord does not require banks to backtest VaR estimates
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

In the case of historical volatility weighted VaR, a higher current volatility when compared to historical volatility:

  • A. will increase the confidence interval
  • B. will decrease the VaR estimate
  • C. will increase the VaR estimate
  • D. will not affect the VaR estimate
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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