问题如下：
Following is a set of identical transactions. Assuming all counterparties have the same credit rating, which transaction should preferably be executed?
选项： Buying
gas from a trading firm
Buying gas from a gas producer
C.Buying gas from a distributor
D.Indifferent among A, B, and C
解释：
ANSWER: B
This is an example of right-way trade. To have lower credit risk, it would be preferable to engage in a trade where there is a lower probability of a default by the counterparty when the contract is in-the-money. This will happen if the counterparty enters a transaction to hedge an operating exposure. For instance, a gas producer has a natural operating exposure to gas. If the producer sells gas at a fixed price, the swap will lose money if the market price of gas goes up. In this situation, however, there is little risk of default because the producer is silting on an inventory of gas. A trading firm or distributor could go bankrupt if the transaction loses money.
这个没太搞懂是什么意思呀，老师能否解答一下
