EUROPEAN TREASURY MANAGEMENT SERVICES
With increasing globalization, companies are facing greater opportunities to expand their activities in the international marketplace. The Wachovia London branch is dedicated to adding value to our multinational corporate customers by finding solutions to facilitate their expansion and cross-border transactions.
Established in 1971, the branch provides a full range of services to assist global multinational companies and their subsidiaries:
- U.S. parent companies can now manage their global banking requirements without requiring multi-bank relationships or the provision of standby letters of credit to European banks to support subsidiary debt
- U.K. and European-based multinationals can gain same time zone access to the broad array of Wachovia capital markets, cash management, and capital management products
A full service branch, Wachovia offers a comprehensive product set including:
- Multi-currency accounts in 35 currencies, including the Euro
- Multi-currency cash management products, including collections, disbursements, and automated cash concentration services
- Euro payment services
- Credit services including short and medium term credit
- Treasury/FX including money market deposit facilities and foreign exchange products
- Trade services including documentary credits, collections, bonds, guarantees, and indemnities
- Global Tax Advisory Services enables your company to manage and mitigate the complexities involved with international tax burdens
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