INTERNATIONAL PROCESSING

International Capabilities

Financial Institutions with international activities can partner with Wachovia to greatly facilitate the flow of these important transactions. Wachovia, as a major player in the world of international banking, provides a full array of correspondent banking services to financial institutions, corporations and government entities around the world.

• 33 representative offices throughout Europe, Asia and Latin America
• 6 International Processing Centers in New York, Philadelphia, Charlotte, Winston Salem, Miami and Los Angeles
• 5 Branches in Hong Kong, Tokyo, Taipei, Seoul and London
• Foreign Exchange desks in London and Charlotte
• 7000+ relationships in more than 130 countries, served by a team of over 1000 professionals

Trade Processing Solutions

• L/C Issuance – For our downstream correspondent customers, we will issue letters of credit on behalf of your corporate customers. 
• Trade Agent – We are able to provide your institution with traditional advising and confirming services.
• Letter of Credit Re-Issuance – We will issue letters of credit in our Hong Kong Branch, giving your institution the opportunity to take advantage of Hong Kong export earnings.
• Private Labeling/Outsourcing – We will help you establish a presence in Asia by handling the processing of letters of credit that we issue in your name.

Funds Transfer

• We can accommodate Treasury Clearing transactions of virtually any size and scope.
• Our systems and software support flexible schedules which allow you to customize charging on your trade and third-party remittances and receivables.
• Our bank has pioneered the efficient processing of bulk transfers payable in a broad range of currencies utilizing your choice of payment media.

Corporate & Institutional Customer Service