问题如下图：
选项：
A. 
B. 
C. 
D. 
解释：
老师，选项D中的monoplistic framework才会产生systematic risk是吗？单看CCP数量只会影响risk exposure是吗？
The benefits of multilaternetting versus bilaternetting are pennt on a number of factors. Whiof the following factors most strongly suggest the neefor fewer centrcounterparties (CCPs) in a globmultilaternetting framework? Rection of risk exposures. fferences in liquity for asset classes. Jurisctionfragmentation. Rection in severe systemic risk. A One of the biggest benefits of multilaternetting is the rection of risk exposures. With fewer CCPs a greater gree of risk rection is realizee to lower penncies within anacross rivative procts. This risk rection helps mitigate systemic risk. fferences in asset classes relateto liquity woulsuggest more CCPs are neeto concentrate in specific asset classes. Jurisctionfragmentation in a globmarket requires locclearing anthus more CCPs. A monopolistic framework with only a few CCPs coulleto severe systemic risk, in the event thmargins ancollaterare not sufficient to cover losses. 这里的B是什么意思，没看懂
fferences in liquity for asset classes. Jurisctionfragmentation. Rection in severe systemic risk. A One of the biggest benefits of multilaternetting is the rection of risk exposures. With fewer CCPs a greater gree of risk rection is realizee to lower penncies within anacross rivative procts. This risk rection helps mitigate systemic risk. fferences in asset classes relateto liquity woulsuggest more CCPs are neeto concentrate in specific asset classes. Jurisctionfragmentation in a globmarket requires locclearing anthus more CCPs. A monopolistic framework with only a few CCPs coulleto severe systemic risk, in the event thmargins ancollaterare not sufficient to cover losses. 关于如果很多的ccp引起恶性竞争，不是更容易引发系统性风险吗？所以，应该是倾向于更少的CCP吧。
The benefits of multilaternetting versus bilaternetting are pennt on a number of factors. Whiof the following factors most strongly suggest the neefor fewer centrcounterparties (CCPs) in a globmultilaternetting framework? Rection of risk exposures. fferences in liquity for asset classes. Jurisctionfragmentation. Rection in severe systemic risk. A One of the biggest benefits of multilaternetting is the rection of risk exposures. With fewer CCPs a greater gree of risk rection is realizee to lower penncies within anacross rivative procts. This risk rection helps mitigate systemic risk. fferences in asset classes relateto liquity woulsuggest more CCPs are neeto concentrate in specific asset classes. Jurisctionfragmentation in a globmarket requires locclearing anthus more CCPs. A monopolistic framework with only a few CCPs coulleto severe systemic risk, in the event thmargins ancollaterare not sufficient to cover losses. fewer 讲道理是表示更少的意思吧，这不完全相反了吗？
fferences in liquity for asset classes. Jurisctionfragmentation. Rection in severe systemic risk. A One of the biggest benefits of multilaternetting is the rection of risk exposures. With fewer CCPs a greater gree of risk rection is realizee to lower penncies within anacross rivative procts. This risk rection helps mitigate systemic risk. fferences in asset classes relateto liquity woulsuggest more CCPs are neeto concentrate in specific asset classes. Jurisctionfragmentation in a globmarket requires locclearing anthus more CCPs. A monopolistic framework with only a few CCPs coulleto severe systemic risk, in the event thmargins ancollaterare not sufficient to cover losses. 请问A，fewer C带来的lower penncies within anacross rivative procts 如何理解呢
The benefits of multilaternetting versus bilaternetting are pennt on a number of factors. Whiof the following factors most strongly suggest the neefor fewer centrcounterparties (CCPs) in a globmultilaternetting framework? Rection of risk exposures. fferences in liquity for asset classes. Jurisctionfragmentation. Rection in severe systemic risk. A One of the biggest benefits of multilaternetting is the rection of risk exposures. With fewer CCPs a greater gree of risk rection is realizee to lower penncies within anacross rivative procts. This risk rection helps mitigate systemic risk. fferences in asset classes relateto liquity woulsuggest more CCPs are neeto concentrate in specific asset classes. Jurisctionfragmentation in a globmarket requires locclearing anthus more CCPs. A monopolistic framework with only a few CCPs coulleto severe systemic risk, in the event thmargins ancollaterare not sufficient to cover losses. 请问C是什么意思？
