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Last Updated: Oct 12, 2026

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PRMIA 8011 Practice Q&A's

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PRMIA 8011 Exam Overview:

Certification Vendor:PRMIA
Exam Name:Credit and Counterparty Manager (CCRM) Certificate Exam
Exam Number:8011
Passing Score:60%
Exam Duration:120 minutes
Available Languages:English
Certificate Validity Period:No expiration, valid indefinitely
Exam Price:$549 - $599 USD
Exam Format:Computer-based, Multiple choice
Related Certifications:Associate PRM
Professional Risk Manager (PRM)
Real Exam Qty:60
Recommended Training:CCRM eCoach Course
Practices for Credit and Counterparty Credit Risk Management
Exam Registration:PRMIA Official Enrollment
Pearson VUE Registration
Sample Questions: DOWNLOAD DEMO
Exam Way:Computer-based; onsite at Pearson VUE centers or online remote proctored
Pre Condition:Create PRMIA account and join network; no other prerequisites
Official Syllabus URL:https://www.prmia.org/Public/Certificate/CCRM_Certificate/Attaining_the_CCRM_Certificate.aspx

PRMIA 8011 Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Credit Derivatives and Securitization13%- Securitization Processes and Instruments
- Credit Derivatives
Topic 2: Credit Risk Modeling and Portfolio Management20%- Credit Portfolio Management
- Modern Credit Risk Modeling
Topic 3: Credit Valuation Adjustment (CVA) and Related Topics17%- Credit Valuation Adjustment (CVA)
- XVA and SA-CCR
- Managing Counterparty Risk and CVA
Topic 4: Classic Credit Products, Life Cycle and Credit Risk Methodology30%- Introduction to Credit Risk
- Classic Credit Products
- Classic Credit Risk Methodology
Topic 5: Counterparty Risk and Risk Mitigation13%- Risk Mitigation Techniques
- Basics of Counterparty Risk
Topic 6: Case Studies7%

8011 Exam FAQ: Clear Answers for Busy People

The official outline structures the 8011 exam around weighted domains such as:

  • Credit Risk Modeling and Portfolio Management (20%)
  • Classic Credit Products, Life Cycle and Credit Risk Methodology (30%)
  • Case Studies (7%)

In the PRMIA Credit and Counterparty Manager (CCRM) Certificate materials at Exam4Docs, the key knowledge points within these domains are clearly underlined, so the heavy areas get the attention they deserve without extra digging.

Create PRMIA account and join network; no other prerequisites

The 8011 exam is the official assessment for the PRMIA Credit and Counterparty Manager (CCRM) Certificate certification from PRMIA. It measures how well you can apply the published exam objectives in realistic scenarios — and for professionals looking to change their current situation, the credential is one of the most concrete ways to demonstrate new, verifiable skills.

Professional experts — and then other experts check their work. The 8011 exam content is compiled by specialists deeply familiar with the real exam, who make the knowledge easy to understand and keep the descriptions vivid rather than dry. Before release, the materials go through repeated rounds of checking, and the key knowledge points are clearly underlined throughout. That two-layer process — written by experts, verified by experts — is what the quality of the Exam4Docs question bank rests on.

Passing the 8011 exam requires 60%, and the registration fee is $549 - $599 USD. Knowing your target score early turns practice sessions into measurable progress rather than guesswork.

PRMIA lists the following training resources:

Official courses explain the concepts; well-organized practice questions with underlined key points make revision fast. The two complement each other nicely.

The 8011 exam contains 60 questions with a time allowance of 120 minutes minutes. Practicing complete timed sets is the reliable way to make that pace feel manageable on the day.

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Registration for the 8011 exam is handled through the official channels below:

If you have the determination to change your current situation, booking a date is the moment that determination becomes a plan.

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

Question #1

The key difference between 'top down models' and 'bottom up models' for operational risk assessment is:

  • A. Top down approaches to operational risk calculate the implied operational risk using available data such as income volatility, capital etc; while bottom up approaches use causal factors, risk drivers and other factors to get an aggregated estimate of risk.
  • B. Bottom up approaches to operational risk are based upon an analysis of key risk drivers, while top down approaches consider causality in risk scenarios.
  • C. Top down approaches to operational risk are based upon an analysis of key risk drivers, while bottom up approaches consider causality in risk scenarios.
  • D. Bottom up approaches to operational risk calculate the implied operational risk using available data such as income volatility, capital etc; while top down approaches use causal factors, risk drivers and other factors to get an aggregated estimate of risk.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #2

Which of the following are ordered correctly in the order of debt seniority in a bankruptcy situation?
I). Equity, Subordinate debt, Senior debt
II). Senior debt, Preferred stock, Equity
III). Secured debt, Accounts payable, Preferred stock
IV). Secured debt, DIP financing, Equity

  • A. I and IV
  • B. I
  • C. II, III and IV
  • D. II and III
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

For a FX forward contract, what would be the worst time for a counterparty to default (in terms of the maximum likely credit exposure)

  • A. Indeterminate from the given information
  • B. Roughly three-quarters of the way towards maturity
  • C. Right after inception
  • D. At maturity
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

For an option position with a delta of 0.3, calculate VaR if the VaR of the underlying is $100.

  • A. 30
  • B. 100
  • C. 130
  • D. 33.33
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

When compared to a medium severity medium frequency risk, the operational risk capital requirement for a high severity very low frequency risk is likely to be:

  • A. Unaffected by differences in frequency or severity
  • B. Higher
  • C. Lower
  • D. Zero
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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2%
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9.2 / 10 - 611 reviews

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