Which one of the following statements about multilateral netting systems is not accurate?
AA.Systemic risks can actually increase because they concentrate risks on the central counterparty, the failure of which exposes all participants to risk.
BB.The concentration of risks on the central counterparty eliminates risk because of the high quality of the central counterparty.
CC.By altering settlement costs and credit exposures, multilateral netting systems for foreign exchange contracts could alter the structure of credit relations and affect competition in the foreign exchange markets.
DD.In payment netting systems participants with net-debit positions will be obligated to make a net settlement payment to the central counterparty that, in turn, is obligated to pay those participants with net credit positions.
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