Rebonato covers the material on different levels, providing not only full mathematical formulations, but also the English version of the math along with explanations of significance of the topics covered.This book is excellent for those with the mathematical background to understand the math, and is easy to follow for those with less than rigorous mathematical background.I would recommend a good foundation in general option pricing (at least an introduction to Black-Scholes and lattice modeling) prior to reading this book.Futures, Options, and Swaps by Kolb and Options, Futures, and Other Derivatives by Hull would be good preliminary readings.Rebonato does a good job in discussing the various modeling techniques, along with the strengths and weaknesses of each.Click Here to see more reviews about: Interest-Rate Option Models: Understanding, Analysing and Using Models for Exotic Interest-Rate Options (Wiley Series in Financial Engineering) (Hardcover)
