Add this familiarity with trading advantages like lower costs, increased leverage, and ease of buying or selling, and we're talking about potentially the most popular investment derivative ever.
"This was the largest unwinding of a derivatives portfolio ever attempted, with a lot of potential second- and third-order effects," he said.
Mark Lebovitch, lead counsel for the institutional investors who brought the lawsuits, said it would be one of the largest derivative settlements ever and a good outcome for shareholders.
"Downton Abbey," one of the most familiar and downright derivative series ever shown on PBS, is fresh and captivating, while "Luck," so much more ambitious and original, turns out to be a chore.
You can talk for hours to your customers about the derivative without ever mentioning interest rates, the Nikkei, or gold.
The New York Times called it "alternately grisly and dull, with few surprises" while The Los Angeles Times claimed it had "one of the emptiest, feeblest, most derivative scripts ever made as a major studio movie".
Relatively simple derivatives evolved into ever more arcane contrivances.
"I know more now about repos and derivatives than I ever wanted to know," he joked.
"I know more now about repos and derivatives than I ever wanted to know," he once told DealBook.
The option 'direct' cannot combine with 'mediated': being options of the same simple individual system neither these choices nor their derivative options can ever combine the option 'direct' or any options depending on it.
