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PRMIA 8011 (Credit and Counterparty Manager (CCRM) Certificate) Exam is a globally recognized certification that demonstrates a professional's expertise in managing credit and counterparty risk. 8011 exam evaluates a candidate's knowledge of principles, practices, and regulations in credit risk management, counterparty risk management, and credit derivatives.

PRMIA 8011 (Credit and Counterparty Manager (CCRM) Certificate) Exam is a globally recognized certification program that focuses on credit risk management and counterparty risk management. The program is designed to provide professionals with the skills and knowledge necessary to identify, measure, monitor, and manage credit and counterparty risks in financial institutions. The program is ideal for professionals working in credit risk management, counterparty risk management, loan origination, credit analysis, and other related areas.

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The PRMIA 8011 is available in three easy-to-use forms. The first one is PRMIA 8011 dumps PDF format. It is printable and portable. You can print Credit and Counterparty Manager (CCRM) Certificate Exam (8011) questions PDF or access them via your smartphones, tablets, and laptops. The PDF format can be used anywhere and is essential for students who like to learn on the go.

PRMIA Credit and Counterparty Manager (CCRM) Certificate Exam Sample Questions (Q175-Q180):

NEW QUESTION # 175
Conditional default probabilities modeled under CreditPortfolio view use a:

• A. Probit function
• B. Altman's z-score
• C. Logit function
• D. Power function

Answer: C

Explanation:
Conditional default probabilities are modeled as a logit function under CreditPortfolio view. That ensures the resulting probabilities are 'well behaved', ie take a value between 0 and 1. The probability may be expressed as = 1/ (1 + exp(I)), where I is a country specific index taking various macro economic factors into account.

NEW QUESTION # 176
In setting confidence levels for VaR estimates for internal limit setting, it is generally desirable:

• A. that actual losses never exceed the VaR estimates
• B. that actual losses very frequently exceed the VaR estimates
• C. that actual losses exceed the VaR estimates on only the rarest of occasions
• D. that actual losses exceed the VaR estimates with some reasonably observable frequency that is neither too high nor too low

Answer: D

Explanation:
If the confidence levels for a VaR estimate are set too high, there may never be any exceedences, ie actual losses will never exceed VaR estimates. For limit setting, we want actual losses to exceed the VaR estimates enough number of times as during the year so that the limits are considered seriously. If the VaR estimate is exceeded too many times, or never, then it is unlikely to be considered seriously. Therefore Choice 'd' is the correct answer.
The other answers are incorrect as they either require the VaR to be too high (ie zero or rare excess loss situations) or too low (ie there will be too many cases of excess loss situations to be taken seriously).

NEW QUESTION # 177
If P be the transition matrix for 1 year, how can we find the transition matrix for 4 months?

• A. By numerically calculating a matrix M such that M x M x M is equal to P
• B. By dividing P by 3
• C. By calculating the cube root of P
• D. By calculating the matrix P x P x P

Answer: A

Explanation:
Assuming time invariance and the Markov property, it is easy to calculate the transition matrix for any time period as P

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