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"Credit and Counterparty Manager (CCRM) Certificate Exam", also known as 8011 exam, is a PRMIA Certification. With the complete collection of questions and answers, Pass4sureCert 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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| Section | Weight | Objectives |
|---|---|---|
| Counterparty Risk and Risk Mitigation | 13% | - Basics of Counterparty Risk - Risk Mitigation Techniques |
| Credit Derivatives and Securitization | 13% | - Securitization Processes and Instruments - Credit Derivatives |
| Case Studies | 7% | |
| Credit Valuation Adjustment (CVA) and Related Topics | 17% | - XVA and SA-CCR - Managing Counterparty Risk and CVA - Credit Valuation Adjustment (CVA) |
| Classic Credit Products, Life Cycle and Credit Risk Methodology | 30% | - Classic Credit Risk Methodology - Introduction to Credit Risk - Classic Credit Products |
| Credit Risk Modeling and Portfolio Management | 20% | - Modern Credit Risk Modeling - Credit Portfolio Management |
Which of the following statements is true:
I. Expected credit losses are charged to the unit's P&L while unexpected losses hit risk capital reserves.
II. Credit portfolio loss distributions are symmetrical
III. For a bank holding $10m in face of a defaulted debt that it acquired for $2m, the bank's legal claim in the bankruptcy court will be $10m.
IV. The legal claim in bankruptcy court for an over the counter derivatives contract will be the notional value of the contract.
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For a bank using the advanced measurement approach to measuring operational risk, which of the following brings the greatest 'model risk' to its estimates:
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A risk analyst attempting to model the tail of a loss distribution using EVT divides the available dataset into blocks of data, and picks the maximum of each block as a data point to consider.
Which approach is the risk analyst using?
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An error by a third party service provider results in a loss to a client that the bank has to make up. Such as loss would be categorized per Basel II operational risk categories as:
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Which of the following statements is true:
I. When averaging quantiles of two Pareto distributions, the quantiles of the averaged models are equal to the geometric average of the quantiles of the original models based upon the number of data items in each original model.
II. When modeling severity distributions, we can only use distributions which have fewer parameters than the number of datapoints we are modeling from.
III. If an internal loss data based model covers the same risks as a scenario based model, they can can be combined using the weighted average of their parameters.
IV If an internal loss model and a scenario based model address different risks, the models can be combined by taking their sums.
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