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.