Wachovia is a premier provider of services to correspondent banks around the world. We serve over 3,000 banks, providing them with a comprehensive set of payment, collection, trade, outsourcing, capital management, capital markets and web-based solutions.
A Global Presence
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-US banks
Global Payments
Collections and Cash Letters
Trade Services
Trade and Cash Management Outsourcing Services
Currency Risk Management
Investment Banking Services
Global Capital Management Services
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)