A must read for practitioners active in the field of managing interest rate risks. Mastering Interest Rate Strategy provides a concise and up to date overview of advanced techniques and concepts to apply in managing interest rate risk. While discussing advanced techniques, the book is easy to understand because of its many practical examples.
Hans Heintz, finance consultant November 10, 2015
The book is easy to read and with a case illustrating a method to manage the interest rate risk of specifically medium sized companies and organizations who lost a lot of money using derivatives in a wrong way. This book will help them to avoid these mistakes in the future.
Frans Boumans, finance lecturer November 10, 2015
This book shows you how to mitigate risks related to interest rate using the most advanced risk management techniques, based on academic knowledge and methods also based on years of specific experience of the author Macrae. I know Victor for 2 years now. Victor is a professional and hands on financial deal structurer, with a clear focus on risk mitigation. This book is must-have for financial specialists who are working for companies who are strongly dealing with interest rate risks.
Jemy Pauwels, investment manager November 10, 2015
Both excellent reading and reference material. As a former banker, consultant and currently working as a treasurer, I always came across interest rate risk. This book helps professionals like myself not only as a tutoring tool but also as a reference base on the topic of mastering interest rate risk. At last a comprehensive guide to add to your knowledge base.
Wim Lambrecht, group treasurer November 10, 2015
Many books have been written about interest rate hedging. Victor Macrae has written a book on the same topic, but managed to structure his book so well that is stands out! Macrae keeps a perfect balance between an academic and practical level. His analyses, cases and examples make the book very interesting for professionals in the finance industry and easy to read and understand for non-professionals.
Eric Steenhouwer, corporate treasurer November 10, 2015
One of the most practicable books on the subject. Very well written book on this field. Managing interest rate risk is as relevant today as it ever was; I have read quite some books on this subject and must say this is one of the most accessible books. I would most certainly recommend this book to anyone, professional as well as non-professional, that wants to learn more about how to manage interest rates. Cases are clear and Victor knows how to substantiate his argument in a very concise way.
Robert Lenterman, corporate treasurer November 10, 2015
Very practicable! In his book "Mastering Interest Rate Risk Strategy " Macrae summarizes interest rate risk strategies. He starts with a description of derivatives blunders over the years. He shows in a simple but highly effective way the drivers behind these blunders. The catch 22 situation is that derivatives are risk mitigating but in itself these instruments increase risk. However the book goes deeper than just derivatives. It covers , in particular, the funding mechanisms and interest rate risks associated with funding. The added value of Macrae 's book lies especially in the simple and clear way in which he describes the impact of interest rate movements on the balance sheet and profit and loss account . In addition, he describes the impact on a number of financial ratios. That in itself is a bonus because the impact on financial ratio's is often less discussed in the literature.
CAJA Oudemans, financing specialist November 9, 2015
I have read this book and believe that every board member and supervisor of organizations that deal with derivatives should read this book. This is also a very clear book for academics that are not financially educated. With these insights, we can avoid new derivatives blunders such as of Dutch housing corporation Vestia.
Hinrich Slobbe, finance trainer November 9, 2015
Masterpiece. A must read for a better understanding of interest rate techniques and its rationale behind. Excellent and clear guidance for (non) finance people working with termed assets and liabilities.
Paul van Beek, corporate banker November 9, 2015