IMPORT LETTERS OF CREDIT: IMPORT SERVICES

Import Services: for all of your international payables

Import Services consolidates control over all of your import-related disbursement activities. Whether the terms of your vendor relationship call for the issuance of L/Cs, the presentation of documents against payment, documents against acceptance or open account, Import Services offers tools to help you easily manage those processes that are so critical to your global business.

• Automate L/C issuance and amendments
• Receive document presentation advices from Wachovia, review document images and submit your responses online
• Create a single view of all of your pending import transactions
• Obtain flexible reporting, real-time inquiry and data downloads which are configurable to your requirements

Letters of Credit (L/C)
Creating a new L/C is easy. Standard L/C formats can be created once and stored as models for repetitive use. Then, only the variable information required (expiry date, amount, etc.) needs to be entered to complete the request. L/Cs can be submitted to Wachovia's Trade Processing centers in the United States and overseas. Import Services applies sophisticated controls and configuration options that allow the workflow to be customized to your business needs, while providing for efficiency and ease of use in managing your LC requirements.

Import Services is easy to use. You can view a sample Transaction screen and Confirmation screen below.

Import Services Letter of Credit Issuance:

Import Services Discrepancy Message Example:

Open Account and Documentary Collections
Wachovia advises you of the presentation of new shipping documents via messages which detail the important information from the documents submitted by your suppliers. Images of your documents are available directly from a link on the Transactions Workdesk. This enables you to respond at any time with your instructions. We can establish processing standards for reviewing your vendor documentation, incorporating your workflow and decision-making criteria. This may include invoice-to-purchase order reconcilement and/or review of submitted documents to ensure fulfillment of requirements, which you have established with your suppliers.

Related Products and Services
•Letters of Credit Reporting: MIS & Images
•Export Letters of Credit: Export Services
•Letters of Credit
Related Links

•International Resources

Corporate & Institutional Customer Service