No sorry. An institution creates a contract and then sells it. No creation, no contract. Thus you create the contract to create wealth. QED.
Your opponent is getting the best of you in this argument Dawgg.
The created contract is essentially a bet between two parties. When it’s drawn up, no one has made money yet. That comes when the object of the bet moves in price, whether that’s oil prices, bond prices, interest rates, etc.
The reason such contracts exist is to enable various parties to either reduce risk or increase risk on their current positions, depending on their preferences. As for their being “real,” when the judge tells you you do indeed owe the money it will have a real impact on your wealth.