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Tecredi is a credit fintech based out of the southeast of Brazil and specializes in providing vehicle financing quickly, securely, and digitally through their partner’s networking.
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They used Deaglo to select the right hedging product to protect the USD against the BRL fluctuations, which reduced the cost of hedging and enabled funding in USD.
Credit Fund
The client was investing in European debt and had hedged share classes in both USD and GBP totaling EUR 20m of AUM.​
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The client was required to post 10% in collateral with their bank and was charged 18bps per month to roll their hedges.
Deaglo saved them $296,800 a year and improved annual fund return by 1.5%.
Short Case Study
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