Speculation in derivatives by common retail investors is equivalent to disguised gambling, and they are sure to suffer losses. Investors that speculate in currency, gold or other commodity futures hardly have any chance of getting rich, as they are set to pay the same heavy price as those betting that property prices will never fall. Fifth, we must remain vigilant against Ponzi schemes.
Most of the remaining systems employed the deferred net settlement (DNS) system, which settles funds transfer instructions between central bank accounts on a netted amount basis at fixed points in time. The Bank of Japan carried out most of settlements either at nine o’clock in the morning, one or three o’clock in the afternoon.