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Trade Services for Correspondent Banks

Wachovia offers your institution enhanced collection and reimbursements for all of your letter of credit processing needs.

Faster Bank-to-Bank Reimbursements

• Wachovia is a leader in bank-to-bank reimbursements. We offer the full array of L/C reimbursement processing options in U.S. Dollar, euro and yen, through our TradePay.740 payment offering
• Our fully automated processing system allows you to concentrate your L/C reimbursements through one bank while helping to assure fast and error-free transactions
• Our fully automated processing systems have direct interfaces to SWIFT and telex sources, ensuring prompt turnaround of authorizations and claims
• You will also benefit from our pre-advice option, which provides pre-notification of Trade.Export Collect claims received, facilitating and improving cash management

Faster Export Bill Collections

• We can speed the collection of your documentary items in U.S. dollar, euro and yen under L/Cs issued anywhere in the world with our Trade.Export Collect product
• We can quickly trace for payment
• We offer a wide array of comprehensive reporting options via our automated collection systems, including report delivery via the Internet

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