100% PASS QUIZ PRMIA - PASS-SURE TEST 8011 QUESTIONS PDF

100% Pass Quiz PRMIA - Pass-Sure Test 8011 Questions Pdf

100% Pass Quiz PRMIA - Pass-Sure Test 8011 Questions Pdf

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Tags: Test 8011 Questions Pdf, 8011 Valid Test Blueprint, Exam 8011 Prep, Latest 8011 Braindumps Files, 8011 Test Cram Pdf

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PRMIA 8011 Exam covers a range of topics related to credit and counterparty risk, including credit analysis, credit rating, credit derivatives, default risk, and counterparty credit risk. It is intended for professionals who work in the financial industry, including risk managers, credit analysts, traders, and other financial professionals who are involved in managing credit and counterparty risk.

PRMIA 8011 Certification Exam is designed for professionals with experience in credit risk management, treasury, trading, and operations. It focuses on the strategies and techniques required to measure, manage, and control credit risk in a complex global financial market.

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PRMIA 8011 (Credit and Counterparty Manager (CCRM) Certificate) Certification Exam is specifically designed for professionals who are working in the field of credit and counterparty risk management. Credit and Counterparty Manager (CCRM) Certificate Exam certification exam is offered by the Professional Risk Managers’ International Association (PRMIA) and is recognized globally as a benchmark for credit and counterparty risk management expertise.

PRMIA Credit and Counterparty Manager (CCRM) Certificate Exam Sample Questions (Q125-Q130):

NEW QUESTION # 125
For an investor with a long position in market index futures, which of the following is a primary risk:

  • A. Risk that expected dividends will differ from realized dividend yields
  • B. Increase or decrease in the level of the underlying index
  • C. Movement in interest rates underlying the futures prices
  • D. Basis risk between futures and spot prices

Answer: B

Explanation:
This question emphasizes the difference between primary and secondary risks. Primary risks are the risks consciously undertaken, ie the risks whose premium the investor is trying to earn. Secondary risks are risks that accompany the primary risks that the investor will either hedge, or will ignore if they are small. It is important to watch out for secondary risks because they could become significant and offset the returns being sought even if the investor's market view is proved correct.
An investor in market index futures is betting that the index will rise. Index futures prices are largely driven by the spot value of the index, but are also affected by costs of carry. In particular, futures prices will be driven by interest rates, expected dividends, and any other factors that may cause the basis between spot and futures prices to diverge. These risks are secondary risks.
In this question, Choice 'd' represents the primary risk, and Choice 'a', Choice 'b' and Choice 'c' are all secondary risks. Therefore Choice 'd' is the correct answer.


NEW QUESTION # 126
For an equity portfolio valued at V whose beta is #, the value at risk at a 99% level of confidence is represented by which of the following expressions? Assume # represents the market volatility.

  • A. 2.326 x V x # / #
  • B. 1.64 x V x # / #
  • C. 1.64 x # x V x #
  • D. 2.326 x # x V x #

Answer: D

Explanation:
For the PRM exam, it is important to remember the z-multiples for both 99% and 95% confidence levels (these are 2.33 and 1.64 respectively).
The value at risk for an equity portfolio is its standard deviation multiplied by the appropriate z factor for the given confidence level. If we knew the standard deviation, VaR would be easy to calculate. The standard deviation can be derived using a correlation matrix for all the stocks in the portfolio, which is not a trivial task. So we simplify the calculation using the CAPM and essentially say that the standard deviation of the portfolio is equal to the beta of the portfolio multiplied by the standard deviation of the market.
Therefore VaR in this case is equal to Beta x Mkt Std Dev x Value x z-factor, and therefore Choice 'a' is the correct answer.


NEW QUESTION # 127
Which loss event type is the loss of personally identifiable client information classified as under the Basel II framework?

  • A. Technology risk
  • B. Information security
  • C. Clients, products and business practices
  • D. External fraud

Answer: C

Explanation:
Choice 'b' is the correct answer. All other answers are incorrect.
Refer to the detailed loss event type classification under Basel II (see Annex 9 of the accord). You should know the exact names of all loss event types, and examples of each.


NEW QUESTION # 128
Which of the following are attributes of a robust stress testing programme at a bank?

  • A. Robust systems infrastructure
  • B. Written policies and procedures
  • C. Data of appropriate quality and granularity
  • D. All of the above

Answer: D

Explanation:
A bank's stress testing programme in relation to firm wide stress tests should document the type, frequency and the purpose of the programme, as well as methodologies for defining scenarios and the remedial actions envisaged. Choice 'b' is therefore a necessary attribute of a robust stress testing programme.
The programme should be supported by a robust systems infrastructure that allows the execution of periodic as well as ad-hoc stress tests at the right level (business unit, as well as firm-wide) at the right level of detail or granularity. Choice 'c' also therefore is a valid choice.
A related element is data quality - without which no stress tests can be be credible.
Therefore all the choices listed are correct and Choice 'd' is the correct answer.


NEW QUESTION # 129
Which of the following event types is hacking damage classified under Basel II operational risk classifications?

  • A. External fraud
  • B. Technology risk
  • C. Information security
  • D. Damage to physical assets

Answer: A

Explanation:
Choice 'b' is the correct answer. All other answers are incorrect.
Refer to the detailed loss event type classification under Basel II (see Annex 9 of the accord). You should know the exact names of all loss event types, and examples of each.


NEW QUESTION # 130
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