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Book a map

Market risk attribution, for your books When your numbers move,
know exactly why.

Orbit reads what your ledger, treasury system and market data already hold, and explains what the market did to your plan.

Book a mapSee the platform
Backed by
DiagramSagard
Advised by
Jim McCrindleEnterprise FXJeffrey CooperIndustrials & ManufacturingDavid PierceMid-Market FX TechShreyans ParekhPublic-Co CFO OfficeFX leaders from Bank of America, BMO, Magna
SecurityAICPA SOC 2SOC 2 Type IType II in observation

The platform

Four questions, answered for every market risk.

On this screenFXInterest ratesCommoditiesHedges & derivatives
Board · 22 Oct2 to review1 to reviewPositions · 30 Sep 2026
Earnings exposure

What a market move does to next quarter’s operating profit

By riskBy teamQ4 2026
A 5% move against you(US$4.2M)on Q4 operating profit
Largest single risk(US$2.0M)euro sales, owned by Sales
Teams that own it4sales, operations, procurement, treasury
If each moves 5% against youinterest rates +50 bp
Euro −5%sales in eurosSales(2.0)
Pound +5%UK payrollOperations(0.7)
Peso +5%Mexico plant costsOperations(0.6)
Copper +5%the input billProcurement(0.5)
Rates +50 bpUS$320M term loanTreasury(0.4)

The plan was set at EUR/USD 1.10. Every cent lower costs US$0.4M of Q4 operating profit.

Results vs plan

What markets did to operating profit this quarter

Q3 2026Operating profit
Operating profitUS$37.5Mplan 40.0 · (2.5)
Operating margin11.5%plan 12.5% · (1.0) pt
Markets(US$4.0M)(1.2) pts of margin · (6¢) a share
Plan to actual · US$MCurrencies (3.0)Copper (1.0)
40.0
Plan
+3.0
Volume
(1.5)
Price
(4.0)
Markets
41.5 before markets37.5
Actual

Before markets, Q3 beat plan by US$1.5M. Markets took US$4.0M: currencies 3.0, copper 1.0.

Drivers by team

Markets (US$4.0M), by the team that can act on it

Q3 2026
Treasury(1.8)Procurement(1.0)Sales(0.6)Planning(0.6)
DriverTeamTraced toUS$MStatus
Euro fell on what customers oweTreasuryCover 42% against a 75% policy(1.2)Fix agreed
Copper up 10%, bought at spotProcurementSupplier contract, no index clause(1.0)Open
Peso and pound rose on costsTreasuryMexico plant, UK payroll(0.8)In policy
Customers paid 9–18 days lateSales14 invoices · Hartmann AG(0.6)Open
Volume above planPlanningPlan rows P-114, P-162(0.6)Re-planned
Peso forwardsTreasurySettled above the market+0.2Done

Copper: 3,600 t bought at spot while the price rose 10%. An index clause would have passed most of it to customers. Procurement owns the fix.

Board pack · Q3

What you’ll say, and what’s already in hand

Audit committee · 22 Oct
The line for the board

“Markets cut operating profit by US$4.0M against plan, 6¢ a share: US$3.0M from currencies and US$1.0M from copper. Before markets, Q3 beat plan by US$1.5M.”

✓ Every figure traced to the ledgerCopy
Decisions in hand
TreasuryEuro cover back to 75%, one €16.5M forward30 OctReady
ProcurementIndex copper in the next supplier contract15 DecDrafted
SalesHartmann AG back on 30-day terms15 NovAgreed
PlanningPlan Q4 at today’s rates31 OctDone
Before guidance
Where to guide the euro for Q4
1.071.051.03
Q4 operating profit against plan(1.1)(1.8)(2.6)today’s cover, 42%
With euro cover back to 75%(0.5)(0.8)(1.1)the €16.5M forward takes out 0.61.01.5
Exposure

What you hold, across every market risk

30 Sep 2026All entities
FX exposure · 12 monthsUS$95MEUR, GBP, MXN
Floating-rate debtUS$320Mresets quarterly
HedgesUS$51M12 forward contracts
Where it sitsfrom your ledger, loan book, purchases and hedge book
ExposureRiskAmountHedged
DEEUR receivables · Germany GmbHFX€50.0M42%
UKGBP payroll · UK LtdFX£18.0M71%
MXMXN purchases · Mexico SAFXMX$310M66%
CUCopper purchases · Mexico SACommodity3,600 t0%
GRTerm loan · GroupInterest rateUS$320M0%
FWFX forwards · 12 contractsDerivativesUS$51Mmarked daily
Market impact

What markets did to your result this quarter

Q3 2026
Markets · Q3(US$4.0M)on operating profit
FX(US$3.0M)including hedges
Copper(US$1.0M)up 10% on the input bill
FX (US$3.0M): the market, or your business?
The market(US$2.0M)Your business(US$1.0M)(US$3.0M)
DriverRiskAmountShare of (4.0)
Currencies moved against youFX(US$2.0M)50%
Copper up 10%Commodity(US$1.0M)25%
Customers paid lateFX(US$0.6M)15%
Volume above planFX(US$0.6M)15%
Forward contractsDerivatives+US$0.2M−5%
Attribution

What currency did to your result this quarter

Q3 2026All entities
FX result · Q3 Reconciled(US$3.0M)FX gains and losses in the ledger
The market(US$2.0M)the euro, peso and pound moved
The business(US$1.0M)timing and volume, net of hedges
By entity6 entities · 3 with a result
EntityCurrencyFX resultShare of result
DEGermany GmbHEUR(US$1.8M)60%
UKUK LtdGBP(US$0.6M)20%
MXMexico SAMXN(US$0.6M)20%
CACanada IncCADUS$0.0M0%
JPJapan KKJPYUS$0.0M0%
SGSingapore PteSGDUS$0.0M0%
Copied for the CFO Germany (US$1.8M): euro (1.2), late payments (0.6)
Coverage

Is the hedge book inside policy, and where is it not?

Next 12 monthsPolicy 60–90%
Where every exposure sitsband 60–90%
0%6090
EUR receivablesGermany GmbH42%75%Off bandIn band
GBP payrollUK Ltd71%In band
MXN purchasesMexico SA66%In band
Prepare the trade1 exposure outside policyAll exposures inside policy
Copied for the CFO Q3 (3.0) explained · euro cover back to policy by 30 Oct
Exposure

US assets hedged to CAD · Harbourview Funds

30 Sep 2026
US exposure · Class HUS$214Mup from 180 at the roll
CoveredUS$171Mtarget 95%
Hedge cost · Q3(C$0.1M)CAD–USD rate gap
Every class against its bandband 90–100%
Share classRiskExposureHedged
HBalanced · Class HFXUS$214M80%
FIncome · Class FFXUS$96M94%
IGrowth · Class IFXUS$141M97%
FWForward book · 18 contractsDerivativesC$590Mnext roll 30 Sep
RTRoll cost · rate differentialInterest rate(10) bpsa year
Attribution

Balanced Fund · Class H · Q3

By classMarket or roll
Currency in the return(C$1.2M) · (40) bps
Market(C$0.4M)Since the roll(C$0.8M)(C$1.2M)
USD/CAD −2.4% on the open shareNew money, price gains and roll spread
DriverPartAmountShare
USD on the open shareMarket(C$0.4M)33%
New money after the rollSince roll(C$0.4M)33%
Price gains after the rollSince roll(C$0.3M)25%
Roll spreadSince roll(C$0.1M)8%
Fixable between rollsTwo thirds came after the roll.
Attribution

What each class's return was made of

Q3 2026C$m
Class H return+1.8%Balanced Fund · Class H
Currency in the return(40) bpsUS assets hedged to CAD
Hedged classes drag(C$3.1M)Harbourview Funds · Q3
By classCurrency drag · Q3
Hedged classCurrency dragShare
HBalanced · Class H(C$1.2M)39%
FIncome · Class FIncluded in other classes
IGrowth · Class IIncluded in other classes
Other classes · combined(C$1.9M)61%
Copied for the committee
Coverage

US assets hedged to CAD · Harbourview Funds

30 Sep 2026
Cover against policyBand 90–100% · target 95%
0%90100
Balanced · Class HBelow band since 14 Jul80%95%Off bandIn band
Income · Class F94%In band
Growth · Class I97%In band
Size the top-up1 class outside policyAll classes inside policy
Class H · Sell US$32M forwardCoverage 80% → 95%
ReadyCopy for the committee
Copied for the committee

How it works

Your systems in. Every market move explained.

Orbit reads what you already run, adds the market, and traces every move to the line it came from. We call it attribution.

  1. 01 · Connect

    Reads what you already run.

    Your ERP, plan, trading platform and fund administrator. Nothing replaced.

  2. 02 · Overlay

    Adds knowledge graph data.

    Market intelligence linked to 100K+ company filings. See market risk before it hits the books.

  3. 03 · Attribute

    Traces every move to its source.

    One result, split into its drivers, each traced to the line behind it.

By role

Start with the question you're asked.

For finance leaders

The board asks“What did the market do to our plan?”

Know before anyone asks, with an owner and a date for every finding.

For finance leaders →
For treasury

The CFO asks“What did our hedges actually do?”

Your FX result in a few drivers, coverage against policy, every figure traced to source.

For treasury →
For fund managers

The committee asks“Is each fund still hedged to policy?”

Cover against your band every day, and the cash each roll will need.

For fund managers →
Not sure where you fit?Start with a free map.What the market did to your company or fund, from public filings, in days. Book a free map

Results

What changed for our clients.

An industrial manufacturer
4 of 5sources of its margin miss had no owner
Decisions, each with an ownerMargin
Reprice the supplier contract carrying tariffsProcurement0.8 pts
Bring peso wages into the hedging policyTreasury0.6 pts
Cap diesel surcharges at the next freight tenderLogistics0.4 pts
Fix electricity prices at two plantsPlants0.2 pts
2.0 of 2.4points of the miss now have an owner. Steel, the cost everyone blamed, was the rest.
An enterprise software company
US$62Mof foreign-currency balances outside the exposure report at year end
What the report missedBalance
Unbilled euro receivables at the US parentBooked outside the receivable accountsUS$21M
Euro receivables at three UK companies bought this yearOn their own ledgers, reported in sterlingUS$24M
Year-end royalty true-up from European subsidiariesNot in the report until invoiced, months laterUS$17M
US$53Mof it now inside the hedge program. Policy leaves the rest open.
A multi-asset manager
−65%unplanned currency swings
Days outside the bandAs run With the top-up rule
Fund A80% → 11%
Fund B55% → 9%
Fund C26% → 5%
Fund D19% → 6%
45% → 8%days outside the band, all four funds

Modelled on three years of its own history.

A software company
FX in the results was “a black box”.
  1. FX result
  2. Entity
  3. Invoice
  4. Ledger row

Now every swing traces to the ledger line behind it.

A semiconductor maker
Hedge results against budget, in four drivers the CFO could repeat.

Budget to actual, one bridge. Figures withheld.

Reproducible by design

Same inputs, same answer. Every time.

Calculated, never estimated. Traced to the line in your books. Never changed once published. Walled off from every other client.

AICPA SOC 2How your data is handled
Q3 close · FX resultIdentical
Run 130 Sep 2026 · 18:02 UTC9f2c…a41e(US$3.0M)
Run 27 Oct 2026 · 09:15 UTC9f2c…a41e(US$3.0M)

Same files, same rates, same rules: the same figure and the same fingerprint.

400+month-end closes rebuilt
45Mledger lines read
55currencies
Dailycoverage checks on hedged funds

What did you believe your exposure was?

Let's see what the data shows.

  1. 01Free mapin days
  2. 02Two-week piloton one export
  3. 03Every closeexplained