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Exam Code: 8011
Exam Name: Credit and Counterparty Manager (CCRM) Certificate Exam
Updated: Sep 13, 2026
Q & A: 330 Questions and Answers
8011 Free Demo download
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| Section | Objectives |
|---|---|
| Topic 1: Counterparty Risk | - Counterparty exposure
|
| Topic 2: Credit Portfolio Management | - Portfolio monitoring
|
| Topic 3: Standardized Approach for Counterparty Credit Risk | - SA-CCR framework
|
| Topic 4: Classic Credit Products and Lifecycle | - Traditional credit products
|
| Topic 5: Classic Credit Risk Methodology | - Traditional credit analysis
|
| Topic 6: CVA and DVA | - Credit valuation adjustment
|
| Topic 7: Credit Derivatives and Securitization | - Credit derivatives
|
| Topic 8: Modern Credit Risk Modeling | - Portfolio risk models
|
| Topic 9: Management of CVA and DVA | - CVA management techniques
|
Which of the following are elements of 'group risk':
I. Market risk
II. Intra-group exposures
III. Reputational contagion
IV. Complex group structures
Correct Answer: C 🗳️
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Which of the following are valid approaches for extreme value analysis given a dataset:
I. The Block Maxima approach
II. Least squares approach
III. Maximum likelihood approach
IV. Peak-over-thresholds approach
Correct Answer: C 🗳️
Explanation: Only visible for PassTorrent members. You can sign-up / login (it's free).
For a FX forward contract, what would be the worst time for a counterparty to default (in terms of the maximum likely credit exposure)
Correct Answer: B 🗳️
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If the full notional value of a debt portfolio is $100m, its expected value in a year is $85m, and the worst value of the portfolio in one year's time at 99% confidence level is $60m, then what is the credit VaR?
Correct Answer: B 🗳️
Explanation: Only visible for PassTorrent members. You can sign-up / login (it's free).
If the odds of default are 1:5, what is the probability of default?
Correct Answer: B 🗳️
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