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

8011 real exams

Exam Code: 8011

Exam Name: Credit and Counterparty Manager (CCRM) Certificate Exam

Updated: Sep 13, 2026

Q & A: 330 Questions and Answers

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PRMIA 8011 Exam Syllabus Topics:

SectionObjectives
Topic 1: Counterparty Risk- Counterparty exposure
  • 1. Potential future exposure
  • 2. Current exposure
- Risk mitigation
  • 1. Collateral management
  • 2. Netting
Topic 2: Credit Portfolio Management- Portfolio monitoring
  • 1. Concentration risk
  • 2. Diversification
- Risk-adjusted performance
  • 1. Economic capital
  • 2. RAROC
Topic 3: Standardized Approach for Counterparty Credit Risk- SA-CCR framework
  • 1. Replacement cost
  • 2. Potential future exposure calculation
- Regulatory capital treatment
  • 1. Basel framework application
  • 2. Exposure measurement
Topic 4: Classic Credit Products and Lifecycle- Traditional credit products
  • 1. Retail lending
  • 2. Corporate lending
  • 3. ESG and green lending products
- Credit lifecycle management
  • 1. Monitoring
  • 2. Origination
  • 3. Workout and recovery
Topic 5: Classic Credit Risk Methodology- Traditional credit analysis
  • 1. Financial statement analysis
  • 2. Credit assessment frameworks
- Risk management practices
  • 1. Risk rating systems
  • 2. Credit approval processes
Topic 6: CVA and DVA- Credit valuation adjustment
  • 1. CVA interpretation
  • 2. CVA measurement
- Debit valuation adjustment
  • 1. DVA calculation
  • 2. Accounting treatment
Topic 7: Credit Derivatives and Securitization- Credit derivatives
  • 1. Credit default swaps
  • 2. Total return swaps
- Securitization structures
  • 1. Collateralized debt obligations
  • 2. Asset-backed securities
Topic 8: Modern Credit Risk Modeling- Portfolio risk models
  • 1. Value at Risk models
  • 2. Stress testing
- PD/LGD modeling
  • 1. Exposure at default
  • 2. Probability of default
  • 3. Loss given default
Topic 9: Management of CVA and DVA- CVA management techniques
  • 1. Risk mitigation frameworks
  • 2. Hedging strategies
- Operational implementation
  • 1. Regulatory considerations
  • 2. Pricing adjustments

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

Question #1

Which of the following are elements of 'group risk':
I. Market risk
II. Intra-group exposures
III. Reputational contagion
IV. Complex group structures

  • A. II and III
  • B. I and IV
  • C. II, III and IV
  • D. I and II
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

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

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

Correct Answer: C  🗳️

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Question #3

For a FX forward contract, what would be the worst time for a counterparty to default (in terms of the maximum likely credit exposure)

  • A. Right after inception
  • B. At maturity
  • C. Indeterminate from the given information
  • D. Roughly three-quarters of the way towards maturity
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

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?

  • A. $40m
  • B. $25m
  • C. $15m
  • D. $60m
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

If the odds of default are 1:5, what is the probability of default?

  • A. 50.00%
  • B. 16.67%
  • C. 12.00%
  • D. 20.00%
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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