不是很理解

问题如下：

Kozorez’s comments to Nils regarding FRAs are most likely:

选项：

A.A.correct regarding counterparties and correct regarding their transactions.

B.B.correct regarding counterparties and incorrect regarding their transactions.

C.C.incorrect regarding counterparties and incorrect regarding their transactions.

解释：

A Incorrect because Kozorez is correct regarding counterparty positions but incorrect regarding being required to make a Euribor deposit.

B Correct. Kozorez has accurately described the short and long positions in an FRA. He has also correctly described the timing of the transactions of a 3 × 9 FRA. The counterparties are not required to exchange cash flows, however. Although an FRA can be done in conjunction with a Euribor deposit, it is not a requirement.

C Incorrect because Kozorez is correct regarding counterparty positions.