  This article introduces and solves a general class of fully coupled
forward-backward stochastic dynamics by investigating the associated system of
functional differential equations. As a consequence, we are able to solve many
different types of forward-backward stochastic differential equations (FBSDEs)
that do not fit in the classical setting. In our approach, the equations are
running in the same time direction rather than in a forward and backward way,
and the conflicting nature of the structure of FBSDEs is therefore avoided.
