1. Which of the following statement about CCP is TRUE?

A. Common margins of CCP include cash, government securities, and real estate properties.

B. Two members clearing the same portfolio usually have different margin requirement due to their difference in credit quality.

C. A general clearing member is able to clear the trade of third parties as well as their own trades.

D. Losses above the margin contributed by the defaulter are shared between CCP cleaning members and non-clearing members.