C

问题如下：

There are a number of challenges for clearing over-the-counter (OTC) derivative products through a centralized counterparty (CCP). Which of the following statements best summarizes the key challenges f or central clearing of OTC derivative products?

选项：

A.

Jurisdictional fragmentation, increased counterparty risk, less transparency, and standardization.

B.

Product complexity, illiquid products, presence of wrong-way risk, and lack of standardization

C.

Illiquid products, jurisdictional fragmentation, presence of wrong-way risk, and legal concerns

D.

Lack of standardization, increased counterparty risk, increased dependency risk, and less transparency

解释：

Lack of standardized products, complexity, illiquid products, and presence of wrong-way risk are characteristics of OTC derivative products that make CCP clearing challenging. OTC derivative products need to be standardized before they can be cleared through a CCP. More complex and illiquid derivative products are problematic for CCPs because their unique features make them difficult to value. Products with wrong-way risk are also more complex and create additional concerns for the added risk to CCPs in the event of default.