Re: [Quantlib-dev] QuantLib-dev Digest, Vol 3, Issue 1

[<TB...@ao...>]

Hi Joe,
 
The LMM model is to model payoffs that can be decomposed into forward rates  
and their  correlations.  Swap rates could be used also.   Basically its a 
multi factor interest rate model.
 
I dont think LMM is ideal for valuing convertible bonds where we have one  
stock and one underlying bond.
 
 
Regards
 
Theo