VALID EXAM 8011 REGISTRATION, RELIABLE 8011 EXAM REVIEW

Valid Exam 8011 Registration, Reliable 8011 Exam Review

Valid Exam 8011 Registration, Reliable 8011 Exam Review

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Tags: Valid Exam 8011 Registration, Reliable 8011 Exam Review, Exam 8011 Exercise, Complete 8011 Exam Dumps, 8011 Reliable Exam Camp

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PRMIA 8011 Credit and Counterparty Manager (CCRM) Certificate is a highly respected certification that validates the knowledge and skills of professionals in the field of credit and counterparty risk management. It is a globally recognized certification that is valued by employers in the financial services industry. Credit and Counterparty Manager (CCRM) Certificate Exam certification exam is rigorous and covers a range of topics related to credit risk and counterparty risk. Candidates who pass the exam are awarded the PRMIA 8011 CCRM Certificate, which is valid for three years and requires ongoing professional development to maintain.

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PRMIA Credit and Counterparty Manager (CCRM) Certificate Exam Sample Questions (Q276-Q281):

NEW QUESTION # 276
A Monte Carlo simulation based VaR can be effectively used in which of the following cases:

  • A. When returns are discontinuous or display large jumps
  • B. When returns data cannot be analytically modeled
  • C. All of the above
  • D. Where analytical methods are too complex to effectively use

Answer: C

Explanation:
Monte Carlo simulations can be effectively used in all cases where an analytical estimate of the VaR cannot be made for any reason - which may include complexity of portfolios, discontinuities or non-linearity in returns or just the plain unavailability of closed form analytical models. Therefore Choice 'd' is the correct answer.


NEW QUESTION # 277
Which of the following are valid approaches for extreme value analysis given a dataset:
I. The Block Maxima approach
II. Least squares approach
III. Maximum likelihood approach
IV. Peak-over-thresholds approach

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

Answer: C

Explanation:
For EVT, we use the block maxima or the peaks-over-threshold methods. These provide us the data points that can be fitted to a GEV distribution.
Least squares and maximum likelihood are methods that are used for curve fitting, and they have a variety of applications across risk management.


NEW QUESTION # 278
The key difference between 'top down models' and 'bottom up models' for operational risk assessment is:

  • A. Bottom up approaches to operational risk are based upon an analysis of key risk drivers, while top down approaches consider causality in risk scenarios.
  • B. Top down approaches to operational risk are based upon an analysis of key risk drivers, while bottom up approaches consider causality in risk scenarios.
  • C. Top down approaches to operational risk calculate the implied operational risk using available data such as income volatility, capital etc; while bottom up approaches use causal factors, risk drivers and other factors to get an aggregated estimate of risk.
  • D. Bottom up approaches to operational risk calculate the implied operational risk using available data such as income volatility, capital etc; while top down approaches use causal factors, risk drivers and other factors to get an aggregated estimate of risk.

Answer: C

Explanation:
Top down approaches rely upon available data such as total capital, income volatility, peer group information etc and attempt to imply the capital attributable to operational risk. They do not consider firm specific scenarios or causal factors. Bottom up approaches on the other hand attempt to determine operational risk capital based upon an identification and quantification of firm specific risks. Bottom up approaches help determine a traditional loss distribution from which capital requirements can be determined at a given level of confidence.
Therefore Choice 'd' is the correct answer.


NEW QUESTION # 279
The estimate of historical VaR at 99% confidence based on a set of data with 100 observations will end up being:

  • A. the worst single observation in the data set
  • B. None of the above
  • C. the extrapolated returns of the last 1.64 observations
  • D. the weighted average of the top 2.33 observations

Answer: A

Explanation:
The VaR in this case will be the top quintile of observations. In this case, since there are exactly 100 observations, this would mean the worst return would become the VaR. Therefore Choice 'b' is the correct answer. Choice 'a' and Choice 'c' make no sense. This highlights that at higher confidence levels, fewer and fewer observations impact the VaR if we are using historical simulation based VaR.


NEW QUESTION # 280
Which of the following statements is a correct description of the phrase present value of a basis point?

  • A. It is another name for duration
  • B. It is the principal component representation of the duration of a bond
  • C. It refers to the discounted present value of 1/100th of 1% of a future cash flow
  • D. It refers to the present value impact of 1 basis point move in an interest rate on a fixed income security

Answer: D

Explanation:
This is a trick question, no great science to it. Remember that the 'present value of a basis point' refers to PV01, which is the same as BPV (basis point value) referred to in the PRMIA handbook. In other textbooks, the same term is also variously called 'DV01' (dollar value of a basis point). Remember these other terms too.
PV01, or the present value of a basis point, is the change in the value of a bond (or other fixed income security) from a 1 basis point change in the yield. PV01 is calculated as (Price * Modified Duration/10,000).
Therefore Choice 'a' is the correct answer.


NEW QUESTION # 281
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In today's competitive industry, only the brightest and most qualified candidates are hired for high-paying positions. Obtaining PRMIA Credit and Counterparty Manager (CCRM) Certificate Exam is a wonderful approach to be successful because it can draw in prospects and convince companies that you are the finest in your field. Pass the Credit and Counterparty Manager (CCRM) Certificate Exam exam to establish your expertise in your field and receive certification. However, passing the Credit and Counterparty Manager (CCRM) Certificate Exam 8011 Exam is challenging.

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