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PRMIA 8011 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Counterparty Risk and Risk Mitigation | 13% | - Risk Mitigation Techniques - Basics of Counterparty Risk |
| 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 - Credit Valuation Adjustment (CVA) - Managing Counterparty Risk and CVA |
| Credit Risk Modeling and Portfolio Management | 20% | - Modern Credit Risk Modeling - Credit Portfolio Management |
| Classic Credit Products, Life Cycle and Credit Risk Methodology | 30% | - Classic Credit Risk Methodology - Classic Credit Products - Introduction to Credit Risk |
PRMIA Credit and Counterparty Manager (CCRM) Certificate Sample Questions:
Loss provisioning is intended to cover:
- A. Losses in excess of unexpected losses
- B. Unexpected losses
- C. Both expected and unexpected losses
- D. Expected losses
Correct Answer: D 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
Which of the following are likely to be useful to a risk manager analyzing liquidity risk for an international bank?
I. Information on liquidity mismatches
II. Funding concentration
III. Lending concentration
IV. A report on illiquid assets
- A. III and IV
- B. I, II, III and IV
- C. I and II
- D. I, II and IV
Correct Answer: B 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
Which of the following statements are true:
I. Shocks to risk factors should be relative rather than absolute if we wish to avoid a change in thesign of the risk factor.
II. Interest rate shocks are generally modeled as absolute shocks.
III. Shocks to volatility are generally modeled as absolute shocks.
IV. Shocks to market spreads are generally modeled as relative shocks.
- A. II and IV
- B. I and II
- C. I, II and III
- D. II only
Correct Answer: B 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
A Bank Holding Company (BHC) is invested in an investment bank and a retail bank. The BHC defaults for certain if either the investment bank or the retail bank defaults. However, the BHC can also default on its own without either the investment bank or the retail bank defaulting. The investment bank and the retail bank's defaults are independent of each other, with a probability of default of 0.05 each. The BHC's probability of default is 0.11.
What is the probability of default of both the BHC and the investment bank? What is the probability of the BHC's default provided both the investment bank and the retail bank survive?
- A. 0.11 and 0
- B. 0.05 and 0.0125
- C. 0.08 and 0.0475
- D. 0.0475 and 0.10
Correct Answer: B 🗳️
Explanation: Only visible for GuideTorrent members. You can sign-up / login (it's free).
When modeling operational risk using separate distributions for loss frequency and loss severity, which of the following is true?
- A. Loss severity and loss frequency are modeled using the same units of measurement
- B. Loss severity and loss frequency distributions are considered as a bivariate model with positive correlation
- C. Loss severity and loss frequency are considered independent
- D. Loss severity and loss frequency are modeled as conditional probabilities
Correct Answer: C 🗳️
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