TRADE AND CASH MANAGEMENT OUTSOURCING SERVICES

Trade Outsourcing Services

You can broaden your financial institution's trade services capabilities, and enhance revenues, by partnering with Wachovia, a market leader in providing trade service outsourcing solutions to financial institutions worldwide. Wachovia has been a third party provider of back office trade processing services for over a decade, and today we are the largest processor of outsourced letters of credit in the world, including over 350,000 letter of credit transactions within Asia alone. This efficient and economical alternative allows you to deepen your range of trade services for your own customers while allowing your bank to forgo the expenses, complexities, and risks of installing and operating updated trade processing systems.

By leveraging the Wachovia investment in technology and product development, your bank can provide your customers with new technologies and new solutions to not only meet, but also exceed their trade service requirements. This will allow your bank to concentrate on the marketing and selling of trade services, thereby enhancing your trade service revenues while ensuring overall business growth and profitability.

Continued investments have positioned Wachovia as a technology leader in trade outsourcing:

• Your bank can benefit from an image enabled workflow management system in our Hong Kong office that has revolutionized letter of credit processing
• Our commitment to web-based technology is exemplified by our Tradeview service, which allows correspondent banks to deliver and retrieve electronic images of trade documentation and activity reporting over the Internet

Treasury Outsourcing Services

Your customers demand cost-effective, high quality, technology-based solutions, and they expect these solutions now. Internal product development may require expensive expertise that does not reside within your organization.

Wachovia Alliance Services is committed to helping a targeted client base bridge the gap between current capabilities and their customers' financial, operational, and technological needs. We develop and deliver creative solutions that satisfy the requirements of business customers while providing superior operational support, high quality customer service, and innovative technology at a competitive price.

As the second largest cash management bank in the US, we are able to work with your bank in outsourcing a full range of services including collections, disbursements, and information reporting.

Related Products and Services
•Import/Export Services
•Cash Management and Deposit Services
Related Links

•International Resources

Corporate & Institutional Customer Service