To achieve the professional designation of PRMIA Credit and Counterparty Risk Management from the PRMIA, candidates must clear the CCRM Exam with the minimum cut-off score. For those who wish to pass the PRMIA Credit and Counterparty Risk Management certification exam with good percentage, please take a look at the following reference document detailing what should be included in PRMIA Credit and Counterparty Risk Management Exam preparation.
The PRMIA CCRM Exam Summary, Body of Knowledge (BOK), Sample Question Bank and Practice Exam provide the basis for the real PRMIA Credit and Counterparty Risk Management (CCRM) exam. We have designed these resources to help you get ready to take PRMIA Credit and Counterparty Risk Management (CCRM) exam. If you have made the decision to become a certified professional, we suggest you take authorized training and prepare with our online premium PRMIA Credit and Counterparty Risk Management Practice Exam to achieve the best result.
PRMIA CCRM Exam Summary:
| Exam Name | PRMIA Credit and Counterparty Risk Management |
| Exam Code | CCRM |
| Exam Fee |
Sustaining Member Price - $549 Contributing Member Price - $572 Non-member Price - $599 |
| Exam Duration | 120 Minutes |
| Number of Questions | 60 |
| Passing Score | 60 |
| Format | Multiple Choice Questions |
| Schedule Exam | Pearson VUE |
| Sample Questions | PRMIA Credit and Counterparty Risk Management Exam Sample Questions and Answers |
| Practice Exam | PRMIA Credit and Counterparty Risk Management (CCRM) Practice Test |
PRMIA Credit and Counterparty Risk Management Syllabus Topics:
| Topic | Details |
|---|---|
| Classic credit products, life cycle, and credit risk methodology |
- Describe the entire credit life cycle from origination to repayment - Understand the different types of credit instruments, their building blocks and who uses them - Understand the Classic Credit Risk Methodology and how it can be used for Credit Analysis |
| Credit derivatives and securitization |
- Understand Securitization including the related processes for their creation - Describe different Credit Securitization instruments and their use - Understand the impact of the latest Basel Accords on Securitization |
| Credit risk modeling and portfolio management |
- Understand Modern Credit Risk Modeling and Credit Portfolio Management - Describe elements of Modern Credit Risk Modeling such as Probability of Default (PD), Exposure at Default (EAD), Loss Given Default (LGD), and Expected Loss (EL) - Describe Credit Value-at-Risk (VaR) Models and their use - Understand the impact of the Basel Accords on Modern Credit Risk Modeling - Describe Credit Portfolio Management and its related elements |
| Counterparty risk and risk mitigation |
- Understand the basics of counterparty risk and describe risk appetite - Describe the tools and methodologies used to mitigate credit risk |
| Credit valuation adjustment (CVA) |
- Describe XVA items including credit valuation adjustment (CVA), debit valuation adjustment (DVA), Funding Valuation Adjustment (FVA) - Define and describe non-traditional trading aspects of derivatives - Describe right- and wrong-way risk, and the role of the Central Clearing Counterparties (CCPs) - Describe the Standardized Approach for Counterparty Risk (SA-CCR) |
| Case Studies |
Both PRMIA and veterans who’ve earned multiple certifications maintain that the best preparation for a PRMIA CCRM professional certification exam is practical experience, hands-on training and practice exam. This is the most effective way to gain in-depth understanding of PRMIA Credit and Counterparty Risk Management concepts. When you understand techniques, it helps you retain PRMIA Credit and Counterparty Risk Management knowledge and recall that when needed.
