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Hedging and risk management for companies

Find out how much FX, interest rates, inflation and commodities can take out of your margin.

A risk map in Brazilian reais, built with José Everardo, known as Gerva, who has more than 40 years in derivatives. He shows you what is worth hedging, how, and what it costs. And he tells you frankly when it isn't.

Request a risk mapSimulate the FX impact
40+ years
of Gerva's experience in derivatives
No fees
for the map or the advisory work
No commitment
in the first conversation
José Everardo, known as Gerva, director of SwapOne Risk Lab, in a dark suit, smiling
José Everardo (Gerva)Director of SwapOne Risk Lab

Exposure in reais

Example
  • CurrenciesR$ 2.5MHedged
  • RatesR$ 8MUnder review
  • InflationR$ 3MNeeds attention
  • CommoditiesR$ 1.8MTo assess
Protect my business

Where the market may be moving your bottom line

Four areas of risk. Pick the one that looks most like your company and see the impact in reais.

"Should I do an NDF now or wait for the exchange rate to improve?"

Every purchase, sale or debt in another currency leaves your margin exposed between closing the deal and making the payment.

Where this exposure shows up
  • Flag of the United StatesUS dollarimports, exports and debt
  • Flag of the European UnionEuropurchases and sales in Europe
  • Flag of ChinaYuansuppliers in China
  • Flag of the United KingdomPound sterlingbusiness in the United Kingdom
  • Flag of JapanYenmachinery and inputs from Japan
  • Flag of SwitzerlandSwiss franccontracts and financing
Impact in reais

US$ 500,000 import due in 90 days

R$ 50,000

in extra cost for every R$ 0.10 rise in the dollar

How you can hedge it
  • NDF (non-deliverable forward)
  • FX options
  • Currency swap
Request a risk map

Illustrative figures. The actual impact depends on your operations.

Who you'll work with

Gerva sits down with you to draw up your company's risk map

  • More than 40 years in derivatives in Brazil

    Four decades in the market, through the country's cycles of FX, interest rates and inflation.

  • The language of decision-makers

    Risk and cost explained the way the CFO and the board need to hear them: in reais, without jargon.

  • Candor before product

    If hedging doesn't make sense for your company, you will hear it from him.

Book a conversation with Gerva
José Everardo, known as Gerva, director of SwapOne Risk Lab, in a dark suit, smiling
José Everardo (Gerva)Director of SwapOne Risk Lab
Those who have sat down with Gerva

What CFOs are saying

  • Illustrative testimonial
    We were importing in dollars with no rules at all. After two conversations we walked away with the risk map and a simple policy, which the board approved.
    Finance DirectorFood manufacturer
  • Illustrative testimonial
    We had a swap in place with our bank. The review showed, in reais, that the rate was above market, and we renegotiated.
    CFOAgricultural inputs distributor
  • Illustrative testimonial
    What weighed most was the candor: in one of the areas, the diagnosis was not to hedge. That gave us the confidence to move ahead with the others.
    ControllerConstruction company
On your side of the table

Your risk first. Then, if it makes sense, the product.

Derivatives often arrive ready-made, with the cost buried in the rate. At Risk Lab, the analysis starts with your company's exposure, the cost is shown in reais, and the conclusion may be that there is nothing you need to hedge.

Off-the-shelf derivative

  • Starts with the product to be sold
  • Cost buried in the rate, out of sight
  • Always ends in a trade
  • Once you sign, you're on your own

Risk Lab

  • Starts with your company's risk map
  • Everything you pay is shown in reais, before you decide
  • May end in "no need to hedge"
  • Follow-up through to maturity
Do the math

How much can FX take out of your cash?

Enter how much your company pays or receives in foreign currency and simulate a change in the rate. The result is shown in reais.

Does your company pay or receive in foreign currency?
Flag of the United StatesUSD
+10%

US dollar rises 10%: from R$ 5.00 to R$ 5.50

Today, in reais
R$ 2,500,000.00
Unhedged, in reais
R$ 2,750,000.00
Comes out of your cash
R$ 250,000.00
With the rate locked in, in reais, approximatethe locked-in amount includes the interest rate differential between the currencies and the cost of the hedge, both disclosed before you commit
R$ 2,500,000.00
Sample calculation, rate as of Sep 14, 2026Request a risk map

Illustrative calculation using the sample rates shown on this site. Every hedge has a cost, disclosed before you decide. This is not an investment recommendation.

Review your trades

Already hedged? Check whether your terms are in line with the market.

Risk Lab compares your NDF, swap, options and futures trades with what the market is offering and shows, in reais, what can be adjusted.

What we look at

  • Price and cost

    The contracted rate, the embedded costs and what the trade really costs.

  • Size and term

    Whether the hedge covers the right exposure, no more and no less, on the right dates.

  • Collateral and margin

    How much cash is tied up and what happens if the market moves against you.

Request a review of your trades

Review report

Example
  • CDI-to-fixed rate swapR$ 5 million · 3 yearsRate above market
  • Dollar NDFUS$ 300,000 · 90 daysIn line with the market
  • Corn hedge40,000 bags · 6 monthsLarger than the exposure
Estimated difference over the yearR$ 62,000

Sample data.

How it works

From the first conversation to the decision

You approve each step before moving on, and you can stop at any of them.

4 steps

No commitment until you approve

  1. 01conversation

    First conversation

    You explain how the company buys, sells and finances itself. If you already have hedges, bring the contracts.

  2. 02map

    Risk map

    FX, interest rates, inflation and commodities, with the impact of each exposure in reais.

  3. 03diagnosis

    A frank diagnosis

    Whether it makes sense to hedge, how much and with which instrument. Or why there is no need.

  4. 04execution

    Policy and follow-up

    With your approval, we formalize the risk policy and monitor each position.

Risk Lab

Frequently asked questions

What CFOs usually ask before the first conversation.

No. Gerva listens to how your business works, draws up the risk map and tells you whether Risk Lab makes sense for your company. Only then do you decide whether to go ahead.

Still need help? Talk to us

Open a request on WhatsApp[email protected]

We only provide support through our official channels. We never ask for passwords or codes by message.

Request your company's risk map.

Tell us a little about your business. Gerva will get back to you to schedule the first conversation, with no commitment.

What happens next

  1. You send your details via WhatsApp
  2. Gerva gets back to you to schedule the conversation
  3. First conversation, no commitment

Request a risk map

José Everardo (Gerva)
Today, the company
Which exposures worry you?Select as many as you like.

When you send, we open SwapOne's WhatsApp with your message ready to go.

For informational purposes only; this is not an investment recommendation. Derivatives involve risks and are contracted with authorized financial institutions.