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BANKER'S ACCEPTANCES


A Banker's Acceptance is a method of financing that Wachovia may provide to its customers to support their short-term (six months or less) trade transactions. In many cases, Banker's Acceptance proves to be less expensive than more traditional trade financing methods. A Banker's Acceptance is a time draft drawn on, and accepted by a bank. By accepting the draft, the bank indicates its commitment to pay the stated amount of the draft on a specified future date. The draft may then be sold to an investor for a money market rate of return based on the credit risk of the bank.


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Please select a state to contact your closest Wachovia Global Trade Services expert.

 

Trade Products Customer Care
Charlotte         (800) 776-3862
Los Angeles   (866) 788-6297
Hong Kong     (852) 2509-0888
Standby LC     (800) 776-3862

International Contacts