Real PRMIA 8011 practice exam questions for easy pass!
Updated: Sep 06, 2026
No. of Questions: 330 Questions & Answers with Testing Engine
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| Certification Vendor: | PRMIA |
|---|---|
| Exam Name: | Credit and Counterparty Risk Management (CCRM) Certificate Exam |
| Exam Number: | 8011 |
| Certificate Validity Period: | No expiration |
| Available Languages: | English |
| Related Certifications: | Market, Liquidity and Asset Liability Risk Management (MLARM) PRM Designation Operational Risk Management (ORM) |
| Real Exam Qty: | 60 |
| Exam Price: | $529 USD |
| Passing Score: | 60% |
| Exam Format: | Multiple Choice |
| Exam Duration: | 120 minutes |
| Sample Questions: | PRMIA 8011 Sample Questions |
| Exam Way: | Pearson VUE test centers and online remote proctoring |
| Pre Condition: | Candidates must have a PRMIA account. No formal prerequisite exams are required. |
| Official Syllabus URL: | https://prmia.org/Public/Public/Certificate/CCRM_.aspx |
| Section | Objectives |
|---|---|
| Topic 1: Standardized Approach for Counterparty Credit Risk | - SA-CCR framework
|
| Topic 2: Management of CVA and DVA | - CVA management techniques
|
| Topic 3: Classic Credit Risk Methodology | - Traditional credit analysis
|
| Topic 4: Counterparty Risk | - Counterparty exposure
|
| Topic 5: Modern Credit Risk Modeling | - PD/LGD modeling
|
| Topic 6: CVA and DVA | - Debit valuation adjustment
|
| Topic 7: Classic Credit Products and Lifecycle | - Traditional credit products
|
| Topic 8: Credit Derivatives and Securitization | - Credit derivatives
|
| Topic 9: Credit Portfolio Management | - Risk-adjusted performance
|
Question 1
Under the ISDA MA, which of the following terms best describes the netting applied upon the bankruptcy of a party?
A. Closeout netting
B. Multilateral netting
C. Payment netting
D. Chapter 11
Question 2
Conditional default probabilities modeled under CreditPortfolio view use a:
A. Logit function
B. Probit function
C. Altman's z-score
D. Power function
Question 3
The results of 'desk-level' stress tests cannot be added together to arrive at institution wide estimates because:
A. Desk-level stress tests tend to ignore higher level risks that are relevant to the institution but completely outside the control of the individual desks.
B. All of the above
C. Desk-level stress tests focus on desk specific risks that may be minor or irrelevant in the larger scheme at the institution level.
D. Desk-level stress tests tend to focus on extreme movements in risk parameters (such as volatility) without considering economy wide scenarios that may represent more realistic and consistent situations for the institution.
Question 4
What ensures that firms are not able to selectively default on some obligations without being considered in default on the others?
A. Exchange listing requirements
B. Cross-default clauses in debt covenants
C. Chapter 11 regulations
D. The bankruptcy code
Question 5
Stress testing is useful for which of the following purposes:
I). For providing the risk manager with an intuitive check on his risk estimates
II). Providing a means of communicating risk implications using plausible scenarios that can be easily explained to a non-technical audience
III). Guarding against major errors in the form of model risk
IV). Complying with the requirements of Basel II.
A. II and IV
B. I, II, III and IV
C. IV only
D. I, II and IV
Solutions:
| Question 1 Answer: A | Question 2 Answer: A | Question 3 Answer: D | Question 4 Answer: B | Question 5 Answer: B |
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