CORRESPONDENT BANKS

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

Demonstrated Expertise

Wachovia’s International Banking Group is a global leader:

• 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)

The Wachovia Advantage

Wachovia provides your institution with access to the following global infrastructures:

• 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-U.S. banks 
• Thirty-three representative offices

Among the specific services we provide to correspondent banks:

Asset Management
Institutional investment management and institutional trust services

Capital Markets
Mergers and acquisitions advisory, equity, and debt offerings

International Banking
Trade services, global payments, and outsourcing trade and treasury

Risk Management
Financial and operating risk management tools

Related Links

•Corporate and Investment Banking

Corporate & Institutional Customer Service