Swaps and Other Derivatives
"This new second edition ofSwaps and Other Derivativesleads the reader from simple swap pricing to more complex derivatives and different approaches to risk management of these. The theory is complemented by easy to understand examples and exercises in spreadsheets. The structure of the book is intuitive and will benefit both practitioners and those wanting to get a solid understanding of the complex world of swaps and other derivatives."—Lars Drauschke, First Vice President, Danske Bank"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