8011 TRAINING TOOLS, 8011 LATEST TEST FEE

8011 Training Tools, 8011 Latest Test Fee

8011 Training Tools, 8011 Latest Test Fee

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PRMIA 8011 Certification Exam is a highly specialized certification that is designed to provide professionals with the knowledge and skills needed to manage credit and counterparty risk effectively. It covers a range of topics related to credit and counterparty risk and is intended for professionals who work in the financial industry. Credit and Counterparty Manager (CCRM) Certificate Exam certification is highly valued in the financial industry and is recognized by many leading financial institutions around the world.

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8011 Test Guide - Credit and Counterparty Manager (CCRM) Certificate Exam Study Question & 8011 Exam Questions

Candidates who become PRMIA 8011 certified demonstrate their worth in the PRMIA field. The Credit and Counterparty Manager (CCRM) Certificate Exam (8011) certification is proof of their competence and skills. This is a highly sought-after skill in large PRMIA companies and makes a career easier for the candidate. To become certified, you must pass the Credit and Counterparty Manager (CCRM) Certificate Exam (8011) certification exam. For this task, you need high-quality and accurate Credit and Counterparty Manager (CCRM) Certificate Exam (8011) exam dumps. We have seen that candidates who study with outdated Credit and Counterparty Manager (CCRM) Certificate Exam (8011) practice material don't get success and lose their resources.

PRMIA Credit and Counterparty Manager (CCRM) Certificate Exam Sample Questions (Q223-Q228):

NEW QUESTION # 223
Which of the following correctly describes a reverse stress test:

  • A. Stress tests that are prescribed and conducted by a regulator in addition to the tests done by a bank
  • B. Stress tests that start from a known stress test outcome and then ask what events could lead to such an outcome for the bank
  • C. A stress test that considers only qualitative factors that go beyond mathematical modeling to examine feedback loops and the effect of macro-economic fundamentals
  • D. A stress test that requires a role reversal between risk managers and the risk taking business units in order to determine credible scenarios

Answer: B

Explanation:
Generally, stress tests consider a shock or a severe scenario in order to determine the 'what-if' that circumstance were to materialize. They focus on the outcome based upon a set of shocks. In a reverse stress test, the outcome is assumed to be known (generally something as severe as bankruptcy, non-compliance with capital requirements etc), and the test is intended to work out what shocks or events would lead to such an outcome.
Reverse stress tests therefore start from a known stress test outcome (such as breaching regulatory captial ratios, illiquidity or insolvency) and then asking what events could lead to such an outcome for the bank. This can be quite a challenging task. Principle 9 laid out in the BCBS document on stress testing (May 2009) (which is part of the PRM syllabus effective March 1, 2010) lays down the expectations relating to reverse stress tests.
Therefore Choice 'a' is the correct answer. All the other choices are nonsensical.


NEW QUESTION # 224
Pick underlying risk factors for a position in an equity index option:
I. Spot value for the index
II. Risk free interest rate
III. Volatility of the underlying
IV. Strike price for the option

  • A. I and IV
  • B. I, II and III
  • C. All of the above
  • D. II and II

Answer: B

Explanation:
The index option is affected by the spot value for the underlying index, as also the risk free interest rate, or the zero rate for the duration of the option. It is also affected by the volatility of the underlying. The 'strike price' is set and is fixed at the time the option is purchased, and therefore is not a risk factor.
Therefore other than IV, all other choices are valid risk factors that underlie an equity index option.
Other instruments may have other risk factors - for example, a long forex position will have the spot exchange rate as the only risk factor.


NEW QUESTION # 225
A stock that follows the Weiner process has its future price determined by:

  • A. its expected return alone
  • B. its current price, expected return and standard deviation
  • C. its expected return and standard deviation
  • D. its standard deviation and past technical movements

Answer: B

Explanation:
The change in the price of a security that follows a Weiner process is determined by its standard deviation and expected return. To get the price itself, we need to add this change in price to the current price. Therefore the future price in a Weiner process is determined by all three of current price, expected return and standard deviation.


NEW QUESTION # 226
Which of the following describes rating transition matrices published by credit rating firms:

  • A. Probabilities of ratings transition from one rating to another for a given set of issuers
  • B. Realized frequencies of migration from one credit rating to another over a one year period
  • C. Expected ex-ante frequencies of migration from one credit rating to another over a one year period
  • D. Probabilities of default for each credit rating class

Answer: B

Explanation:
Transition matrices are used for building distributions of the value of credit portfolios, and are the realized frequencies of migration from one credit rating to another over a period, generally one year. Therefore Choice
'd' is the correct answer.
Since they represent an actually observed set of values, they are not probabilities nor are they forward looking ex-ante estimates, though they are often used as proxies for probabilities. Choice 'a' and Choice 'c' are not correct. They include more than information on just defaults, therefore Choice 'b' is not correct.


NEW QUESTION # 227
Which of the following cannot be used as an internal credit rating model to assess an individual borrower:

  • A. Probit model
  • B. Distance to default model
  • C. Logit model
  • D. Altman's Z-score

Answer: B

Explanation:
Altman's Z-score, the Probit and the Logit models can all be used to assess the credit rating of anindividual borrower.There is no such model as the 'distance to default model', and therefore Choice 'a' is the correct answer.


NEW QUESTION # 228
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