An oilfield services company (OFS Co.), engaged Opportune for assistance with implementing hedge accounting for their Euro denominated revenue contract. OFS Co. was concerned a strengthening U.S. dollar (USD) would erode the margin budgeted for the revenue contract. Opportune provided guidance on hedge strategy development and presented the hedge accounting implications of each strategy. OFS Co. entered into a foreign currency swap that was designated as a cash flow hedge. Opportune drafted the contemporaneous hedge accounting documentation and provided the ongoing effectiveness testing, ineffectiveness measurement, credit adjusted valuations, and balance sheet remeasurement calculations.