Hedge the risks your business actually carries.

Map exposures in margins, contracts, suppliers, and financing. Metaphor uses direct hedges first, builds a residual basket for what remains, and shows the uncovered risk.

Explore without connecting an account or capital.

Direct instruments first Residual risk shown clearly Approval before routing

Choose an operating exposure.

Protect gross margin with direct commodity and FX hedges, then isolate the supply-chain and tariff risk that remains.

HEDGE PROGRAM / MFG–01Margin Protection Program

Scenario

Operating request

“Protect margins from copper, freight, FX, and tariffs.”

Decompose the cost stack, cover tradeable risks directly, then isolate the tariff and supply-chain exposure that remains.

Exposure map4 inputs

Hedge hierarchyDirect → residual

Start with the exposure your current hedges miss.

Measure coverage, carry, liquidity, and basis error before connecting execution.

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