Derivatives is a Banker name for a ‘Betting Slip’
Here’s how the BREXIT Vote will hasten the demise of Private Banking, link below.
What a fantastic business model: Banking.
Banks, gambling notes (Derivatives) placed on everything from Crude Oil to Olive Oil.
When the Bankers are successful placing their bets they ‘Pocket the Profits’
When the Bankers loose money the Taxpayers fund the Bankers Losses.