The PRMIA Credit and Counterparty Manager (CCRM) Certificate exam has a reputation for tripping up even experienced candidates. Working through 330 realistic practice questions from ActualCollection exposes your weak spots before exam day does.
PRMIA 8011 Exam Overview:
| Certification Vendor: | PRMIA |
|---|---|
| Exam Name: | Credit and Counterparty Manager (CCRM) Certificate Exam |
| Exam Number: | 8011 |
| Real Exam Qty: | 60 |
| Certificate Validity Period: | No expiration, valid indefinitely |
| Related Certifications: | Associate PRM Professional Risk Manager (PRM) |
| Exam Format: | Computer-based, Multiple choice |
| Exam Price: | $549 - $599 USD |
| Passing Score: | 60% |
| Exam Duration: | 120 minutes |
| Available Languages: | English |
| Recommended Training: | CCRM eCoach Course Practices for Credit and Counterparty Credit Risk Management |
| Exam Registration: | Pearson VUE Registration PRMIA Official Enrollment |
| Sample Questions: |  |
| 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:
| Section | Weight | Objectives |
|---|---|---|
| Classic Credit Products, Life Cycle and Credit Risk Methodology | 30% | - Introduction to Credit Risk - Classic Credit Risk Methodology - Classic Credit Products |
| Credit Derivatives and Securitization | 13% | - Securitization Processes and Instruments - Credit Derivatives |
| Case Studies | 7% | |
| Credit Risk Modeling and Portfolio Management | 20% | - Credit Portfolio Management - Modern Credit Risk Modeling |
| Counterparty Risk and Risk Mitigation | 13% | - Risk Mitigation Techniques - Basics of Counterparty Risk |
| Credit Valuation Adjustment (CVA) and Related Topics | 17% | - XVA and SA-CCR - Managing Counterparty Risk and CVA - Credit Valuation Adjustment (CVA) |
PRMIA 8011 Exam: Frequently Asked Questions
The PRMIA Credit and Counterparty Manager (CCRM) Certificate exam is the official PRMIA test registered under exam code 8011. Passing it earns you the Credit and Counterparty Manager (CCRM) Certificate certification, a credential at the Professional level. It is also linked to the related certifications: Associate PRM, Professional Risk Manager (PRM). PRMIA exams are valued because they test job-ready skills, so a passing score here carries real weight on a resume.
The PRMIA Credit and Counterparty Manager (CCRM) Certificate exam includes 60 questions to be completed within 120 minutes. Do the pacing math before exam day: with that many items on the clock, you need a steady rhythm and the discipline to flag a hard question and move on instead of stalling. Two or three full timed sessions with the ActualCollection test engine will show you exactly what that pace feels like, so time pressure stops being a factor on the real day.
To pass the PRMIA Credit and Counterparty Manager (CCRM) Certificate exam you need 60%, and the official registration fee is $549 - $599 USD. A retake is not discounted: a failed attempt means paying the full $549 - $599 USD again, so treat your first sitting as the expensive one. A sensible rule is to book your seat only after you are scoring comfortably above the passing mark on the ActualCollection practice tests, not just squeaking past it once.
Create PRMIA account and join network; no other prerequisites
Eligibility rules do change from time to time, so confirm the current requirements before you register on the official exam page.
Registration for the PRMIA Credit and Counterparty Manager (CCRM) Certificate exam goes through the official channels below.
As for the delivery format, the exam is taken Computer-based; onsite at Pearson VUE centers or online remote proctored.
PRMIA points candidates toward the following training options for PRMIA Credit and Counterparty Manager (CCRM) Certificate.
Course work builds the foundation; question practice makes it stick. The 330 practice questions in the ActualCollection 8011 package let you rehearse each topic under exam-style pressure before the real thing.
Yes. ActualCollection offers a free PDF demo of the PRMIA Credit and Counterparty Manager (CCRM) Certificate material so you can judge the question quality and format before spending anything. After purchase, your license includes 365 days of free updates, and if you want to keep receiving updates after that period, renewals are available at a 50% discount.
If you take the PRMIA Credit and Counterparty Manager (CCRM) Certificate exam within 60 days of your purchase and do not pass, ActualCollection backs you with a 100% money-back guarantee. The claim must match the exam your product covers: attempts taken within 3 days of purchase are not eligible (that is too little preparation time), and neither are downloaded-but-unused products, free materials, or expired orders. The candidate name must match the payer name, and you need to submit a scanned enrollment slip plus the official Score Report PDF within 2 days of the exam; claims are processed within 7 days. Prefer not to refund? You can swap instead and receive two other exam products of equal value for free while keeping the update service on your original purchase.
Delivery itself is instant: your files are downloadable right away and emailed to you within one minute of payment. If nothing arrives within 2 hours, contact customer service. There is no limit on how many computers you may install the software on.
The official PRMIA Credit and Counterparty Manager (CCRM) Certificate syllabus is organized into 6 domains. Key areas include Credit Derivatives and Securitization (13%), Counterparty Risk and Risk Mitigation (13%), and Case Studies (7%). The complete, up-to-date topic list appears in the exam topics section above; work through it line by line and flag anything you cannot yet explain in your own words.
PRMIA Credit and Counterparty Manager (CCRM) Certificate Sample Questions:
Which of the following is not a limitation of the univariate Gaussian model to capture the codependence structure between risk factros used for VaR calculations?
- A. It cannot capture linear relationships between risk factors.
- B. A single covariance matrix is insufficient to describe the fine codependence structure among risk factors as non-linear dependencies or tail correlations are not captured.
- C. Determining the covariance matrix becomes an extremely difficult task as the number of risk factors increases.
- D. The univariate Gaussian model fails to fit to the empirical distributions of risk factors, notably their fat tails and skewness.
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
Which of the following risks were not covered in detail in most stress tests prior to the current crisis:
I. The behavior of complex structured products under stressed liquidity conditions II. Pipeline or securitization risk III. Basis risk in relation to hedging strategies IV. Counterparty credit risk
V. Contingent risks
VI. Funding liquidity risk
- A. II, III and V
- B. I, IV and VI
- C. All of the above
- D. I, II, III, IV and VI
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
Company A issues bonds with a face value of $100m, sold at $98. Bank B holds $10m in face of these bonds acquired at a price of $70. Company A then defaults, and the recovery rate is expected to be 30%. What is Bank B's loss?
- A. $7m
- B. $4m
- C. $2.1m
- D. $4.9m
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
If the odds of default are 1:5, what is the probability of default?
- A. 16.67%
- B. 20.00%
- C. 50.00%
- D. 12.00%
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
Under the actuarial (or CreditRisk+) based modeling of defaults, what is the probability of 4 defaults in a retail portfolio where the number of expected defaults is 2?
- A. 2%
- B. 9%
- C. 4%
- D. 18%
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
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