PRMIA 8011 Valid Q&A - in .pdf

  • 8011 pdf
  • Exam Code: 8011
  • Exam Name: Credit and Counterparty Manager (CCRM) Certificate Exam
  • Updated: Oct 28, 2026
  • Q & A: 330 Questions and Answers
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PRMIA 8011 Valid Q&A - Testing Engine

  • 8011 Testing Engine
  • Exam Code: 8011
  • Exam Name: Credit and Counterparty Manager (CCRM) Certificate Exam
  • Updated: Oct 28, 2026
  • Q & A: 330 Questions and Answers
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PRMIA 8011 Exam Syllabus Topics:

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

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

Question #1

If A and B be two uncorrelated securities, VaR(A) and VaR(B) be their values-at-risk, then which of the following is true for a portfolio that includes A and B in any proportion. Assume the prices of A and B are log- normally distributed.

  • A. The combined VaR cannot be predicted till the correlation is known
  • B. VaR(A+B) < VaR(A) + VaR(B)
  • C. VaR(A+B) > VaR(A) + VaR(B)
  • D. VaR(A+B) = VaR(A) + VaR(B)
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

Under the CreditPortfolio View approach to credit risk modeling, which of the following bestdescribes the conditional transition matrix:

  • A. The conditional transition matrix is the transition matrix adjusted for the distribution of the firms' asset returns
  • B. The conditional transition matrix is the unconditional transition matrix adjusted for the state of the economy and other macro economic factors being modeled
  • C. The conditional transition matrix is the transition matrix adjusted for the risk horizon being different from that of the transition matrix
  • D. The conditional transition matrix is the unconditional transition matrix adjusted for probabilities of defaults
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #3

A risk management function is best organized as:

  • A. report independently of the risk taking functions
  • B. integrated with the risk taking functions as risk management should be a pervasive activity carried out at all levels of the organization.
  • C. reporting directly to the traders, as to be closest to the point at which risks are being taken
  • D. a part of the trading desks and other risk taking teams
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Correct Answer: A  🗳️

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Question #4

Which of the following is a most complete measure of the liquidity gap facing a firm?

  • A. Residual liquidity gap
  • B. Marginal liquidity gap
  • C. Cumulative liquidity gap
  • D. Liquidity at Risk
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

In respect of operational risk capital calculations, the Basel II accord recommends a confidence level and time horizon of:

  • A. 99.9% confidence level over a 10 day time horizon
  • B. 99% confidence level over a 10 year time horizon
  • C. 99.9% confidence level over a 1 year time horizon
  • D. 99% confidence level over a 1 year time horizon
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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