This is a wonderful edited collection on structured finance. The emphasis is definitely on pricing and risk modeling of CDOs, but there are also chapters on residential mortgage-backed securities (RMBSs) and structured investment vehicles (SIVs). Basel II treatment of these instruments is also covered in detail. The book is not an introduction. Prior knowledge is assumed, as the authors delve into mathematical models with enough depth that quantitative professionals can fill in technical details for themselves. The book lacks polish, but there is a lot of "from the trenches" information here that simply isn't available from other books ...