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

8011 Exam Simulator
  • Exam Code: 8011
  • Exam Name: Credit and Counterparty Manager (CCRM) Certificate Exam
  • Updated: Oct 15, 2026
  • Q & A: 330 Questions and Answers
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PRMIA 8011 exam simulator

PRMIA 8011 Exam Syllabus Topics:

SectionObjectives
Topic 1: Classic Credit Risk- Credit products and lifecycle
  • 1. Credit instruments and structures
    • 2. Loan origination, servicing, and repayment lifecycle
      - Credit risk methodology
      • 1. Credit analysis frameworks
        • 2. Traditional credit risk assessment approaches
          Topic 2: Counterparty Risk- Mitigation techniques (netting, collateral)
          - Definition and sources of counterparty risk
          Topic 3: Credit Portfolio Management- Portfolio credit risk measurement
          - Risk concentration and diversification
          Topic 4: SA-CCR and Regulatory Frameworks- Standardized Approach for Counterparty Credit Risk
          Topic 5: Modern Credit Risk Modeling- PD/LGD modeling frameworks
          - Credit VaR and loss distribution simulation
          Topic 6: CVA and DVA- Measurement and interpretation
          - Valuation adjustments
          Topic 7: Credit Derivatives and Securitization- Securitization structures and process
          - Credit derivatives instruments

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

          Question #1

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

          Correct Answer: D  🗳️

          Explanation: Only visible for ITExamSimulator members. You can sign-up / login (it's free).

          Question #2

          Which of the following statements is true:
          I. Confidence levels for economic capital calculations are driven by desired credit ratings II. Loss distributions for operational risk are affected more by the severity distribution than the frequency distribution III. The Advanced Measurement Approach (AMA) referred to in the Basel II standard is a type of a Loss Distribution Approach (LDA) IV. The loss distribution for operational risk under the LDA (Loss Distribution Approach) is estimated by separately estimating the frequency and severity distributions.

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

          Correct Answer: C  🗳️

          Explanation: Only visible for ITExamSimulator members. You can sign-up / login (it's free).

          Question #3

          Which of the following is true in relation to the application of Extreme Value Theory when applied to operational risk measurement?
          I. EVT focuses on extreme losses that are generally not covered by standard distribution assumptions II. EVT considers the distribution of losses in the tails III. The Peaks-over-thresholds (POT) and the generalized Pareto distributions are used to model extreme value distributions IV. EVT is concerned with average losses beyond a given level of confidence

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

          Correct Answer: A  🗳️

          Explanation: Only visible for ITExamSimulator members. You can sign-up / login (it's free).

          Question #4

          The daily VaR of an investor's commodity position is $10m. The annual VaR, assuming daily returns are independent, is ~$158m (using the square root of time rule). Which of the following statements are correct?
          I. If daily returns are not independent and show mean-reversion, the actual annual VaR will be higher than
          $158m.
          II. If daily returns are not independent and show mean-reversion, the actual annual VaR will be lower than
          $158m.
          III. If daily returns are not independent and exhibit trending (autocorrelation), the actual annual VaR will be higher than $158m.
          III. If daily returns are not independent and exhibit trending (autocorrelation), the actual annual VaR will be lower than $158m.

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

          Correct Answer: A  🗳️

          Explanation: Only visible for ITExamSimulator members. You can sign-up / login (it's free).

          Question #5

          The generalized Pareto distribution, when used in the context of operational risk, is used to model:

          • A. Expected losses
          • B. Tail events
          • C. Unexpected losses
          • D. Average losses
          Reveal Solution  Discussion  0

          Correct Answer: B  🗳️

          Explanation: Only visible for ITExamSimulator members. You can sign-up / login (it's free).

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