Candidates often ask how we keep PRMIA Credit and Counterparty Manager (CCRM) Certificate current in 2026. The answer is routine: our team reviews the exam for updates every day, and Test4Cram refreshes the 330 practice questions whenever the objectives shift.
PRMIA 8011 Exam Overview:
| Certification Vendor: | PRMIA |
|---|---|
| Exam Name: | Credit and Counterparty Risk Management (CCRM) Certificate Exam |
| Exam Number: | 8011 |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Exam Price: | $529 USD |
| Exam Format: | Multiple Choice |
| Certificate Validity Period: | No expiration |
| Passing Score: | 60% |
| Related Certifications: | PRM Designation Operational Risk Management (ORM) Market, Liquidity and Asset Liability Risk Management (MLARM) |
| Real Exam Qty: | 60 |
| 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 |
PRMIA 8011 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: CVA and DVA | - Credit valuation adjustment
|
| Topic 2: Credit Portfolio Management | - Portfolio monitoring
|
| Topic 3: Counterparty Risk | - Counterparty exposure
|
| Topic 4: Classic Credit Risk Methodology | - Risk management practices
|
| Topic 5: Management of CVA and DVA | - CVA management techniques
|
| Topic 6: Classic Credit Products and Lifecycle | - Credit lifecycle management
|
| Topic 7: Credit Derivatives and Securitization | - Credit derivatives
|
| Topic 8: Standardized Approach for Counterparty Credit Risk | - Regulatory capital treatment
|
| Topic 9: Modern Credit Risk Modeling | - PD/LGD modeling
|
Common Questions About PRMIA Credit and Counterparty Manager (CCRM) Certificate
Candidates must have a PRMIA account. No formal prerequisite exams are required.
The PRMIA Credit and Counterparty Manager (CCRM) Certificate bank is maintained by a team of IT specialists who research the 8011 questions in depth and organize the verified answers into an effective study sequence. Their ongoing work is what keeps the material professional rather than generic.
- Modern Credit Risk Modeling ()
- Classic Credit Products and Lifecycle ()
- Classic Credit Risk Methodology ()
Let the topic weights guide how you divide your study hours.
The online engine simulates the formal 8011 test, lets you set your own time limit, and points out your mistakes after each session. Because it runs in a browser, you can practice anywhere and anytime, whether you are waiting for someone or sitting on a bus, and make real use of spare minutes.
The package includes 330 practice questions for the 8011 exam, all verified by our IT specialists. A free demo is available so you can review the style before purchasing.
The passing score for 8011 is 60%, and the official exam fee is $529 USD. Keeping these figures in view helps you set a realistic target for your practice sessions.
You will face 60 questions in 120 minutes minutes on the real 8011 exam. Rehearsing under the same limits on the Test4Cram engine turns time management into a trained reflex.
PRMIA Credit and Counterparty Manager (CCRM) Certificate Sample Questions:
When compared to a low severity high frequency risk, the operational risk capital requirement for a medium severity medium frequency risk is likely to be:
- A. Unaffected by differences in frequency or severity
- B. Zero
- C. Higher
- D. Lower
Correct Answer: C 🗳️
Explanation: Only visible for Test4Cram members. You can sign-up / login (it's free).
Financial institutions need to take volatility clustering into account:
I. To avoid taking on an undesirable level of risk
II. To know the right level of capital they need to hold
III. To meet regulatory requirements
IV. To account for mean reversion in returns
- A. I, II and IV
- B. I & II
- C. II, III and IV
- D. I, II and III
Correct Answer: B 🗳️
Explanation: Only visible for Test4Cram members. You can sign-up / login (it's free).
Which of the following statements are true in relation to Principal Component Analysis (PCA) as applied to a system of term structures?
I. The factor weights on the first principal component will show whether there is common trend in the system II. The factors to be applied to principal components are obtained from eigenvectors of the correlation matrix III. PCA is a standard method for reducing dimensionality in data when considering a large number of correlated variables IV. The smallest absolute eigenvalues and their associated eigenvectors are the most useful for explaining most of the variation
- A. I and IV
- B. I, II and III
- C. II and IV
- D. I and III
Correct Answer: C 🗳️
Explanation: Only visible for Test4Cram members. You can sign-up / login (it's free).
The backtesting of VaR estimates under the Basel accord requires comparing the ex-ante VaR to:
- A. the Basel accord does not require banks to backtest VaR estimates
- B. hypothetical profit and loss keeping the positions constant
- C. realized profit and loss for the period
- D. ex-ante VaR calculated for the subsequent periods
Correct Answer: C 🗳️
Explanation: Only visible for Test4Cram members. You can sign-up / login (it's free).
Which of the following statements is the most appropriate description of feedback effects:
- A. The lack of a comprehensive view of risk across credit, market and liquidity risks leading to an underestimation of correlations that tend to spike up in the event of a crisis
- B. The amplification of smaller initial shocks to one risk factor creating larger subsequent shocks through system-wide interactions between other risks, creating self-perpetuating downward stresses in the markets
- C. The revision of stress testing scenarios based upon management, business unit and regulatory feedback on the plausibility or otherwise of stress scenarios.
- D. The spread of contagion from the bankruptcy of one participant leading to a similar outcome for other market participants
Correct Answer: B 🗳️
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