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

"Credit and Counterparty Manager (CCRM) Certificate Exam", also known as 8011 exam, is a PRMIA Certification. With the complete collection of questions and answers, PrepPDF has assembled to take you through 330 Q&As to your 8011 Exam preparation. In the 8011 exam resources, you will cover every field and category in PRMIA Certification Certification helping to ready you for your successful PRMIA Certification.

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  • Exam Code: 8011
  • Exam Name: Credit and Counterparty Manager (CCRM) Certificate Exam
  • Certification Provider: PRMIA
  • Corresponding Certification: PRMIA Certification
  • Updated: Oct 10, 2026
  • No. of Questions: 330 Questions & Answers with Testing Engine
  • Download Limit: Unlimited

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PRMIA 8011 Exam Syllabus Topics:

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

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

A stock that follows the Weiner process has its future price determined by:

  • A. its expected return and standard deviation
  • B. its current price, expected return and standard deviation
  • C. its standard deviation and past technical movements
  • D. its expected return alone
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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

Which of the following credit risk models relies upon the analysis of credit rating migrations to assess credit risk?

  • A. The actuarial approach
  • B. The CreditMetrics approach
  • C. KMV's EDF based approach
  • D. The contingent claims approach
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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

A zero coupon corporate bond maturing in an year has a probability of default of 5% and yields12%. The recovery rate is zero. What is the risk free rate?

  • A. 6.40%
  • B. 5.26%
  • C. 7.00%
  • D. 5.00%
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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

Under the KMV Moody's approach to credit risk measurement, how is the distance to default converted to expected default frequencies?

  • A. Using a normal distribution
  • B. Using Monte Carlo simulations
  • C. Using migration matrices
  • D. Using a proprietary database based on historical information
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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

Which of the following credit risk models focuses on default alone and ignores credit migration when assessing credit risk?

  • A. The actuarial approach
  • B. The CreditMetrics approach
  • C. CreditPortfolio View
  • D. The contingent claims approach
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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

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