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"Richard once again shows his rare gift of simplifying complex issues in a very practical way in this book. His building block approach ensures there is value to be had for all readers; for the non–quantitatively–adept practitioner or executive there is an easily understood conceptual framework off which to gain a sound understanding of the main–stream derivative market, and for the more quantitative reader this book will serve as a well structured reference framework by which to consider and value most main–stream derivative instruments, as well as manage attendant risks. Richard′s books have long been one of my first ports of call in developing my own understanding of the market and of valuation. I have never hesitated to recommend the same to others. This book does not look likely to break that trend."
—Peter Blenkinsop, Global Head of Risk, Rand Merchant Bank, a division of FirstRand Bank Limited
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As a quant working for financial software company finding the detailed information required to write documentation to drive software development is often difficult. This book supplies the level of detail needed, and also contains excellent descriptions of different pricing methodologies for interest rate swaps.
Later chatpers on risk management and pricing of other derivatives look equally impressive, and I look forward to reading them.
This is the best book on swaps that I seen so far; a definite improvement on Das in my opinion.
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