Wachovia - Money Market Sales

The Wachovia Securities Money Market Sales group assists institutional investors, corporations, and public entities in managing money market investments to fit specific portfolio requirements.

As specialists in money market instruments, we assist you in selecting appropriate alternatives from an array of taxable and tax-exempt products. We pride ourselves on quick execution of trades and quality market information.

Bank Notes

Bank Notes² are obligations of Wachovia Bank, National Association and other banks. They are not deposits, and therefore are not insured by the FDIC.

Bankers' Acceptances

Bankers' Acceptances¹ are drafts drawn by a commercial firm upon a bank and "accepted" by the bank.

Commercial Paper

Commercial Paper² is an unsecured promissory note issued by industrial, commercial, or financial companies.

Eurodollar Time Deposits

Time Deposits¹ with Wachovia's Cayman Islands Branch are unconditional obligations of Wachovia Bank, National Association, which are repaid at maturity. They are subject to the laws and regulations of the Cayman Islands, including any restrictions on withdrawals that may be imposed by that country.

Federal Agency Securities

Federal Agencies² are authorized by Congress to support specific needs in the nation's economy. These agencies finance their funding requirements through the public sale of discount notes and debentures.

Jumbo CDs

Large denomination certificates of deposit¹ are issued in minimum amounts of $100,000. Total deposit balances are insured to the maximum allowed by the FDIC, currently $100,000.

Money Market Mutual Funds

A diversified, short-term fund² that seeks to provide its investors with competitive interest income, consistent with preservation of capital, and maintenance of liquidity.

Municipal Notes and Bonds

Debt obligations of state or local governments,² their political subdivisions, agencies, and authorities.

Repurchase Agreements

Involve a short-term sale of securities by the Bank and their subsequent repurchase² after a specified period of time.

Treasury Notes and Bonds

Obligations of the U.S. Government that pay the bearer a fixed sum at the bills' maturity date, with interest income paid semiannually.²

US Treasury Bills

Obligations of the U.S. Government that pay the bearer a fixed sum at the maturity date.²

Variable Rate Demand Notes

A long term, taxable, or tax-exempt bond issued on a variable rate basis.²

¹ Products and services are offered by Wachovia Bank, National Association.

² Products and services are offered by Wachovia Capital Markets, LLC, ("WCM").

Products offered or sold through WCM are not deposits of any bank and are not insured, guaranteed or otherwise protected by the Federal Deposit Insurance Corporation; may not be endorsed or guaranteed by Wachovia Corporation, Wachovia Bank, N.A., or any bank; and may involve investment risk, including possible loss of principal.

Wachovia Securities is the trade name for the corporate and investment banking services of Wachovia Corporation and its subsidiaries, including Wachovia Capital Markets, LLC ("WCM"), member FINRA/SIPC.

Debt and equity underwriting, trading, research and sales, loan syndications agent services, and corporate finance and M&A advisory services are offered by WCM.

Mezzanine capital, private equity, municipal securities trading and sales, cash management, credit, international, leasing and risk management products and services are offered by various non-broker dealer subsidiaries of Wachovia Corporation.

MONEY MARKET SALES