Trade Services Definition continued

1
(example)
Carlos A. Migoya Regional President, South
Florida, Wachovia Bank Miami, Florida
Presented at the Bankers Association for
Finance and Trades83rd Annual Meeting A Global
Focus
2
International banking - Miami
3
South Florida
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(No Transcript)
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(No Transcript)
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Wachovia Domestic U.S. Locations
Financial Centers Brokerage Offices
4,000 in total
7
Cash Management market position
Wachovia Market Share Rankings
Uncommon Performance
No. 1 Internet Information Reporting No.
1 SWIFT-based message type 700 (trade) volume 1
No. 2 EDI Total Payments Initiated (Integrated
Pay.) No. 3 Account Reconcilement No.
3 Controlled Disbursement No. 3 Wholesale
Lockbox No. 3 Corporate Check Clearing No.
4 Sweep Investment No. 4 Fed. Wires No. 4 ACH
Credits No. 4 Retail Lockbox No. 4 ACH Debits
No. 4 Trade Finance Bank (Letters of Credit)
1 No. 6 CHIPS Payment Volume 1
A Timeliness/Accuracy/Consistency - Wire
Services A Timeliness/Accuracy/Consistency
- Balance Reporting Services A
Timeliness/Consistency/Accuracy Overall
Features/Capabilities Controlled Disb. A
Reliability/Ease of Use/Security Overall
Features/Capabilities Internet Services A/A
Overall Features/Capabilities Wire
Services A/A Overall Features/Capabilities ACH
Services
Source Phoenix-Hecht Quality Index 2004.
Source Ernst Young 2004 Cash Management
Services Survey. 1. Sources Swift, Federal
Reserve (Trade Finance LCs) and CHIPS
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Cash Letter Money Center Processing market
position
Highlights

• 11 Item Processing Centers in strategic locations
• 100 Reader Sorters in our operating sites
• Capacity to process 2.5MM check per hour
• Proven disaster recovery plan
• 31 Coin and Currency/Money Centers in the
  footprint, and along the Mexican border
• State-of-the-art automated coin and currency
  processing equipment

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International Division Services
Corporations
Global Financial Institutions
Global Payments
Import and Export Services
Treasury Services
CyberSuite Internet Solutions
Check Services
Customer
Bankers Acceptances
Trade Services
CyberSuite Internet Solutions
Structured Trade Finance
Global Cash Management
Trade Outsourcing
Capital Markets
Foreign Exchange
Insurance/Annuities
London Branch Services
GLOBAL SOLUTIONS
10
Correspondent banking offices branches
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Online FX Web software to initiate and settle
Foreign exchange transactions -Spot and Forward
transactions -Multi-Currency accounts -Customized
reporting -Settlement Accounts and
Transaction confirmation
Wachovia Connection Comprehensive Treasury
management software online -Initiate and send
foreign wire transfers via desktop -View prior-
and current-day account information, images of
paid checks, over-the-counter deposits and
wholesale lockbox items
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(No Transcript)
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Cyberimport Web software to initiate and settle
import transactions -Letter of Credit -Incoming
Documentary Collections -Open Account
purchases -Reporting module on current
outstandings -Electronic images of trade documents
14
CyberXport Web software to receive and
settle export transactions -Advised/Confirmed
Letters of Credit -Outgoing Documentary
Collections -Online transfer of Letters of
Credit -Reporting module for payments and agings
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(No Transcript)