求助 2014 Level 1 note Forward Contract 的一道题 Level, Derivative, 疑问

pissunrise

这是note的Reading 58, Forward Markets and Contracts 后面的一道题，在note book 5, P161

2. on the settlement date of a forward contract:
A. the short may be required to sell the asset
B. the long must sell the asset or make a cash payment
C. at least one party must make a cash payment to the other.

书中给出的答案是A, 解释是:
" A forward contract may call for settlement in cash or for delivery of the asset. Under a deliverable contract, the short is required to deliver the asset at settlement, not to make a cash payment."

想问C为什么错？
I think, under a deliverable contract, the short is required to deliver the asset at settlement. BUT at the same time, the long is required to make a payment to purchase the asset at settlement.

mophic

题目没说一定要dilivery,如果是cash settlement ，有可能出现最后的价格等于协议价双方都没现金流的