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PRMIA 8008 Exam With Confidence Using Practice Dumps

Exam Code:
8008
Exam Name:
PRM Certification - Exam III: Risk Management Frameworks, Operational Risk, Credit Risk, Counterparty Risk, Market Risk, ALM, FTP - 2015 Edition
Certification:
Vendor:
Questions:
362
Last Updated:
Mar 18, 2025
Exam Status:
Stable
PRMIA 8008

8008: PRM Certification Exam 2025 Study Guide Pdf and Test Engine

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

Question 1

Which of the following is not a limitation of the univariate Gaussian model to capture the codependence structure between risk factros used for VaR calculations?

Options:

A.

The univariate Gaussian model fails to fit to the empirical distributions of risk factors, notably their fat tails and skewness.

B.

Determining the covariance matrix becomes an extremely difficult task as the number of risk factors increases.

C.

It cannot capture linear relationships between risk factors.

D.

A single covariance matrix is insufficient to describe the fine codependence structure among risk factors as non-linear dependencies or tail correlations are not captured.

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Question 2

Which of the following is the most accurate description of EPE (Expected Positive Exposure):

Options:

A.

The maximum average credit exposure over a period of time

B.

The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date

C.

Weighted average of the future positive expected exposure across a time horizon.

D.

The average of the distribution of positive exposures at a specified future date

Question 3

Which of the following is not a credit event under ISDA definitions?

Options:

A.

Restructuring

B.

Obligation accelerations

C.

Rating downgrade

D.

Failure to pay