CORRESPONDENT BANKING SERVICES

Wachovia is a premier provider of services to correspondent banks around the world.  We serve over 3,000 banks, providing them with a comprehensive set of payment, collection, trade, outsourcing, capital management, capital markets and web-based solutions.

A Global Presence

• Over 3,000 correspondent banking relationships in more than 130 countries
• Representative offices throughout Europe, Asia, and Latin America
• International processing centers in New York, Philadelphia, Miami, Charlotte, Winston-Salem, and Los Angeles
• Foreign branches in Hong Kong, Tokyo, Taipei, Seoul, and London
• Foreign exchange desks in Charlotte and London
• Account relationships with 80% of the largest non-US banks
• Global Payments
• Collections and Cash Letters
• Trade Services
• Trade and Cash Management Outsourcing Services
• Currency Risk Management
• Investment Banking Services
• Global Capital Management Services
• First in SWIFT message type 700 trade volume (Source: SWIFT, 2002 data)
• First in Third Party Trade Processing (Source: Wachovia, 2002 data)
• Third in Eximbank insurance program usage (Source: Eximbank, 2002 data)
• Fourth in Letter of Credit trade volume (Source: Documentary Credit World Rankings, 2001)
• Seventh in CHIPS payment system traffic (Source: CHIPS, 2002 data)

Email This Page     Printer Friendly Version