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| Certification Vendor: | PRMIA (Professional Risk Managers' International Association) |
|---|---|
| Exam Name: | Credit and Counterparty Risk Manager (CCRM) Certificate Exam |
| Exam Number: | 8011 |
| Certificate Validity Period: | Not formally time-limited certificate validity stated; PRMIA certificate program applies |
| Real Exam Qty: | 60 |
| Exam Price: | $549–$599 (depending on membership status) |
| Exam Duration: | 120 minutes |
| Exam Format: | Multiple Choice Questions |
| Related Certifications: | PRM Designation |
| Passing Score: | 60% |
| Available Languages: | English |
| Recommended Training: | PRMIA CCRM eCoach Course PRMIA CCRM Candidate Guidebook |
| Exam Registration: | Pearson VUE PRMIA Exam Scheduling PRMIA CCRM Certification Registration |
| Sample Questions: | PRMIA 8011 Sample Questions |
| Exam Way: | Computer-based exam delivered via Pearson VUE (test center or remote proctoring) |
| Pre Condition: | No strict formal prerequisite; recommended familiarity with basic finance, derivatives, and credit risk concepts |
| Official Syllabus URL: | https://prmia.org |
| Section | Objectives |
|---|---|
| Credit Derivatives and Securitization | - Credit derivatives instruments - Securitization structures and process |
| Modern Credit Risk Modeling | - Credit VaR and loss distribution simulation - PD/LGD modeling frameworks |
| Credit Portfolio Management | - Portfolio credit risk measurement - Risk concentration and diversification |
| Counterparty Risk | - Definition and sources of counterparty risk - Mitigation techniques (netting, collateral) |
| SA-CCR and Regulatory Frameworks | - Standardized Approach for Counterparty Credit Risk |
| Classic Credit Risk | - Credit risk methodology
|
| CVA and DVA | - Measurement and interpretation - Valuation adjustments |
The 8011 exam (Credit and Counterparty Manager (CCRM) Certificate Exam) is the official PRMIA exam that leads to the Credit and Counterparty Risk Manager (CCRM) Certificate certification, a credential at the Professional level. Related certifications include PRM Designation. Actual4test provides 330 practice questions to help you prepare for it with confidence.
The 8011 exam contains 60 questions and gives you 120 minutes to finish them. Before exam day, divide the total time by the question count so you know the pace you need to keep, and flag difficult items instead of getting stuck on them. Running at least one full timed session in the Actual4test test engine is the best way to make that time pressure feel familiar.
You need 60% to pass, and the official registration fee is $549–$599 (depending on membership status). Keep in mind that a failed attempt means paying that fee in full again, so it pays to test yourself first. When your scores on the Actual4test timed practice tests stay consistently above the passing line, you are ready to book the exam.
No strict formal prerequisite; recommended familiarity with basic finance, derivatives, and credit risk concepts Requirements can change over time, so always double-check the latest eligibility rules before you register on the official PRMIA exam page.
You can book your exam through the official registration channels:
The exam is delivered in the following way: Computer-based exam delivered via Pearson VUE (test center or remote proctoring).
PRMIA recommends the following training options for this exam:
Official courses build the foundation, and the 330 8011 practice questions from Actual4test help you turn that knowledge into exam-day performance.
Yes. Actual4test offers a free 8011 PDF demo so you can check the quality of the practice questions before purchasing. After you buy, your product comes with 365 days of free updates, and if it expires you can renew the update service at a 50% discount from your member zone.
Your purchase is protected by our 100% Money Back Guarantee. If you take the corresponding 8011 exam within 60 days of purchase and do not pass, send us a scan of your enrollment slip and the official Score Report PDF within two days of the exam, and the full refund will be processed within seven days. The candidate name must match the payer name; exams taken within three days of purchase, free materials, and expired orders are not eligible. If you would rather not refund, you can exchange your product for two free products of equal value and keep the update service on your original purchase. Delivery itself is instant: your material is available for download and is emailed to you within one minute of payment. If nothing arrives within two hours, contact our support team. There is no limit on how many computers you may install it on.
The 8011 syllabus is organized into 7 exam domains. Among the first three are Classic Credit Risk, CVA and DVA, Credit Portfolio Management. For the complete breakdown of topics and subtopics, see the Exam Topics section above.
Question 1
Under the KMV Moody's approach to credit risk measurement, which of the following expressions describes the expected 'default point' value of assets at which the firm may be expected to default?
A. Short term debt + 0.5* Long term debt
B. Short term debt + Long term debt
C. 2* Short term debt + Long term debt
D. Long term debt + 0.5* Short term debt
Question 2
A stock's volatility under EWMA is estimated at 3.5% on a day its price is $10. The next day, the price moves to $11. What is the EWMA estimate of the volatility the next day? Assume the persistence parameter # = 0.93.
A. 0.0018
B. 0.0224
C. 0.0429
D. 0.0421
Question 3
Pick underlying risk factors for a position in an equity index option:
I. Spot value for the index
II. Risk free interest rate
III. Volatility of the underlying
IV. Strike price for the option
A. I, II and III
B. II and II
C. All of the above
D. I and IV
Question 4
Conditional VaR refers to:
A. expected average losses above a given VaR estimate
B. expected average losses conditional on the VaR estimates not being exceeded
C. value at risk when certain conditions are satisfied
D. the value at risk estimate for non-normal distributions
Question 5
Under the CreditPortfolio View model of credit risk, the conditional probability of default will be:
A. lower than the unconditional probability of default in an economic expansion
B. the same as the unconditional probability of default in an economic expansion
C. lower than the unconditional probability of default in an economic contraction
D. higher than the unconditional probability of default in an economic expansion
Solutions:
| Question 1 Answer: A | Question 2 Answer: D | Question 3 Answer: A | Question 4 Answer: A | Question 5 Answer: A |
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