PRMIA 8011

In recent years, more and more people choose to take PRMIA 8011 certification exam. Because the exam can help you get the PRMIA certificate which is an important basis for measuring your IT skills. With the PRMIA certificate, you can get a better life.

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PRMIA 8011 Exam Syllabus Topics:

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

Question 1

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. II and III
B. I and IV
C. II, III and IV
D. I

Question 2

A corporate bond maturing in 1 year yields 8.5% per year, while a similar treasury bond yields 4%. What is the probability of default for the corporate bond assuming the recovery rate is zero?

A. 8.50%
B. 4.50%
C. 4.15%
D. Cannot be determined from the given information

Question 3

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. Lower
B. Higher
C. Unaffected by differences in frequency or severity
D. Zero

Question 4

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. At maturity
B. Indeterminate from the given information
C. Right after inception
D. Roughly three-quarters of the way towards maturity

Question 5

The difference between true severity and the best approximation of the true severity is called:

A. Estimation error
B. Total error
C. Approximation error
D. Fitting error

Solutions: