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PRMIA 8011 exam : Credit and Counterparty Manager (CCRM) Certificate Exam

8011 Exam Questions
  • Exam Code: 8011
  • Exam Name: Credit and Counterparty Manager (CCRM) Certificate Exam
  • Updated: Oct 22, 2026
  • Q & A: 330 Questions and Answers
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About PRMIA 8011 Exam Guide

Walking into the 8011 exam without knowing the question style is a risk you do not need to take. TorrentExam's test engines simulate the exam environment, so by exam day in 2026 the 330 practice questions for PRMIA Credit and Counterparty Manager (CCRM) Certificate will feel like familiar ground.

PRMIA 8011 Exam Syllabus Topics:

SectionObjectives
Counterparty Risk- Risk mitigation
  • 1. Collateral management
  • 2. Netting
- Counterparty exposure
  • 1. Potential future exposure
  • 2. Current exposure
Credit Derivatives and Securitization- Credit derivatives
  • 1. Credit default swaps
  • 2. Total return swaps
- Securitization structures
  • 1. Asset-backed securities
  • 2. Collateralized debt obligations
Modern Credit Risk Modeling- Portfolio risk models
  • 1. Value at Risk models
  • 2. Stress testing
- PD/LGD modeling
  • 1. Exposure at default
  • 2. Loss given default
  • 3. Probability of default
CVA and DVA- Debit valuation adjustment
  • 1. DVA calculation
  • 2. Accounting treatment
- Credit valuation adjustment
  • 1. CVA interpretation
  • 2. CVA measurement
Classic Credit Risk Methodology- Risk management practices
  • 1. Risk rating systems
  • 2. Credit approval processes
- Traditional credit analysis
  • 1. Credit assessment frameworks
  • 2. Financial statement analysis
Management of CVA and DVA- CVA management techniques
  • 1. Risk mitigation frameworks
  • 2. Hedging strategies
- Operational implementation
  • 1. Regulatory considerations
  • 2. Pricing adjustments
Credit Portfolio Management- Risk-adjusted performance
  • 1. RAROC
  • 2. Economic capital
- Portfolio monitoring
  • 1. Concentration risk
  • 2. Diversification
Classic Credit Products and Lifecycle- Credit lifecycle management
  • 1. Monitoring
  • 2. Origination
  • 3. Workout and recovery
- Traditional credit products
  • 1. ESG and green lending products
  • 2. Corporate lending
  • 3. Retail lending
Standardized Approach for Counterparty Credit Risk- Regulatory capital treatment
  • 1. Exposure measurement
  • 2. Basel framework application
- SA-CCR framework
  • 1. Replacement cost
  • 2. Potential future exposure calculation

Everything Candidates Ask About PRMIA Credit and Counterparty Manager (CCRM) Certificate

The 8011 exam, officially titled Credit and Counterparty Manager (CCRM) Certificate Exam, is the qualifying exam for the PRMIA Certification certification, which sits at the Professional level. Earning it shows employers that you have the skills the credential stands for, and it is a solid step forward on a PRMIA career path. It also connects to PRM Designation, Market, Liquidity and Asset Liability Risk Management (MLARM), Operational Risk Management (ORM), so the effort you put in now keeps paying off as you advance.

The 8011 exam gives you 60 questions to complete within 120 minutes. Do the math before exam day: divide the total time by the question count to set a steady per-question pace, and flag any item that stalls you so you can return to it after securing the easier points. The most reliable way to build that rhythm is a full timed practice test under the same limit, which is exactly what TorrentExam's test engines are designed for.

The passing score for PRMIA Credit and Counterparty Manager (CCRM) Certificate is 60%, and the official registration fee is $529 USD. Keep in mind that a retake means paying that fee again in full, which makes an honest self-check worthwhile: before you book, sit a timed practice test and make sure you are consistently scoring above the passing line with some margin to spare.

According to the official requirements: Candidates must have a PRMIA account. No formal prerequisite exams are required.. Eligibility rules do change from time to time, so confirm the current details on the official exam page before you register.

Yes — TorrentExam offers a free PDF demo of the PRMIA Credit and Counterparty Manager (CCRM) Certificate material, so you can review the question style and answer quality before you spend anything. After purchase, you also receive 365 days of free updates, and if your product expires you can extend the update service at a 50% discount from your member zone.

If you take the corresponding exam within 60 days of your purchase and do not pass, you are covered by the 100% Money Back Guarantee under clear conditions. To claim a full refund, submit a scan of your exam enrollment slip and your official Score Report PDF within two days of the exam; requests are processed within seven days. Note that sitting the exam within three days of purchase is not eligible, purchases that were never followed by an exam sitting do not qualify, free materials and expired orders are excluded, and the candidate name must match the payer name. Prefer an exchange instead? You can swap your product for two free exam packages of equal value and keep your update service. Delivery is immediate: your 8011 material is ready for instant download and is also emailed to you within one minute of payment — contact customer service if nothing arrives within two hours. There is no limit on the number of computers you can install it on.

The current PRMIA Credit and Counterparty Manager (CCRM) Certificate syllabus is organized into 9 exam domains. The first three are:

  • Credit Derivatives and Securitization
  • Management of CVA and DVA
  • Standardized Approach for Counterparty Credit Risk

For the full domain and subtopic breakdown, see the Exam Topics section above — that is the outline your TorrentExam practice questions are mapped to.

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

Question #1

The CDS rate on a defaultable bond is approximated by which of the following expressions:

  • A. Loss given default x Default hazard rate
  • B. Credit spread x Loss given default
  • C. Hazard rate / (1 - Recovery rate)
  • D. Hazard rate x Recovery rate
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Explanation: Only visible for TorrentExam members. You can sign-up / login (it's free).

Question #2

Which of the formulae below describes incremental VaR where a new position 'm' is added to the portfolio?
(where p is the portfolio, and V_i is the value of the i-th asset in the portfolio. All other notation and symbols have their usual meaning.)

  • A.
  • B.
  • C.
  • D.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for TorrentExam members. You can sign-up / login (it's free).

Question #3

Monte Carlo simulation based VaR is suitable in which of the following scenarios:
I). When no assumption can be made about the distribution of underlying risk factors
II). When underlying risk factors are discontinuous, show heavy tails or are otherwise difficult to model
III). When the portfolio consists of a heterogeneous mix of disparate financial instruments with complex correlations and non-linear payoffs
IV). A picture of the complete distribution is desired in addition to the VaR estimate

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

Correct Answer: A  🗳️

Explanation: Only visible for TorrentExam members. You can sign-up / login (it's free).

Question #4

Which of the following would not be a part of the principal component structure of the term structure of futures prices?

  • A. Tilt component
  • B. Curvature component
  • C. Trend component
  • D. Parallel component
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Explanation: Only visible for TorrentExam members. You can sign-up / login (it's free).

Question #5

Which of the following statements is correct?

  • A. Market liquidity risk is idiosyncratic while funding liquidity risk is not
  • B. Funding liquidity risks present themselves in the form of an adverse market impact on prices from a trade
  • C. Market liquidity risks present themselves in the form of higher bid offer spreads
  • D. Dynamic simulations of liquidity needs require an assumption of counterparty risk remaining constant
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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