8008 exam dumps

PRMIA 8008 Value Package

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  • Exam Code: 8008
  • Exam Name: PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition
  • No. of Questions: 359 Questions and Answers
  • Updated: Oct 04, 2026

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PRMIA 8008 Exam Syllabus Topics:

SectionWeightObjectives
Operational Risk20%- Capital Requirements & Advanced Measurement Approaches
- Control & Mitigation Techniques
- Definition & Scope
- Risk Identification & Assessment
Counterparty Risk15%- Credit Value Adjustment (CVA) & Wrong-way Risk
- Counterparty Credit Risk Fundamentals
- Potential Future Exposure
- Netting, Collateral & Margining
Credit Risk20%- Loss Given Default & Credit Valuation Adjustment
- Credit Risk Concepts
- Exposure & Probability of Default
- Credit Risk Modeling & Capital Calculation
Risk Management Frameworks20%- Enterprise Risk Management Principles
- Risk Measurement Methodologies
- Regulatory Frameworks & Basel Accords
- Risk Governance & Culture
Market Risk15%- Value-at-Risk (VaR) & Stress Testing
- Regulatory Capital for Market Risk
- Market Risk Factors & Drivers
- Interest Rate, Equity, FX & Commodity Risk
ALM & FTP10%- Liquidity Risk Management
- Asset-Liability Management Principles
- Interest Rate Risk in the Banking Book
- Funds Transfer Pricing Methodology & Application

PRMIA PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition Sample Questions:

The principle underlying the contingent claims approach to measuring credit risk equates the cost of eliminating credit risk for a firm to be equal to:

  • A. the probability of the firm's assets falling below the critical value for default
  • B. the market valuation of the firm's equity less the value of its liabilities
  • C. the value of a put on the firm's assets with a strike equal to the value of the debt
  • D. the cost of a call on the firm's assets with a strike equal to the value of the debt
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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The sensitivity (delta) of a portfolio to a single point move in the value of the S&P500 is $100. If the current level of the S&P500 is 2000, and has a one day volatility of 1%, what is the value-at-risk for this portfolio at the 99% confidence and a horizon of 10 days? What is this method of calculating VaR called?

  • A. $4,660, parametric VaR
  • B. $4,660, Monte Carlo simulation VaR
  • C. $14,736, historical simulation VaR
  • D. $14,736, parametric VaR
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Company A issues bonds with a face value of $100m, sold at issuance at $98. Bank B holds $10m in face of these bonds acquired at a price of $70. What is Bank B's exposure to the debt issued by Company A?

  • A. $6.86m
  • B. $7m
  • C. $10m
  • D. $9.8m
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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There are two bonds in a portfolio, each with a market value of $50m. The probability of default of the two bonds are 0.03 and 0.08 respectively, over a one year horizon. If the default correlation is 25%, what is the one year expected loss on this portfolio?

  • A. $1.38m
  • B. $11m
  • C. $5.26m
  • D. $5.5mc
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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What is the combined VaR of two securities that are perfectly positively correlated.

  • A. The difference of the two VaRs.
  • B. Combined VaR cannot be derived using the available information.
  • C. The root of the sum of squares of the individual VaRs of the two securities.
  • D. The sum of the individual VaRs of the two securities.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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