NO.PZ2020020601000036
问题如下：
What are the pros and cons regarding competition between the CCPs that clear OTC products?
解释：
Competition gives market participants choice and may provide incentives for CCPs to become more efficient and improve their systems. However, it may also lead to initial margin and default fund contributions being reduced to attract more clients and, thereby, increase the probability of a CCP failure.
是什么意思这段问题和解释
