EUROPEAN TREASURY MANAGEMENT

The European Union is the world's largest single market based on population size, and companies throughout the U.S. and around the world are increasingly recognizing the benefits of active participation in the European marketplace.

As globalization continues to exert ever-greater influence on corporate business models, companies are seeing expanding opportunities for revenue growth beyond their domestic markets.  Whether your company is looking to expand your global operations, or if you need to streamline your existing banking relationships, Wachovia's London branch is dedicated to delivering reliable and cost-effective solutions that will position you to take full advantage of international markets.

Established in 1971, Wachovia's London branch offers comprehensive nationwide banking services within the U.K. together with cross-border cash management solutions in most freely traded currencies.

• 19 currencies supported
• Robust disbursement and collection solutions with competitive credit rates of interest
• Non-urgent (ACH) and urgent high-value currency payments
• Pan-European merchant card services for point-of-sale payment acceptance
• Over-the-counter cash and check services are available at over 1,500 branches throughout the UK
• Same-day Sterling, Euro, Canadian and US Dollar payments from your U.K. based accounts
• Spot and forward foreign exchange transactions, options and currency swaps in major, minor and non-regulated currencies
• Credit services including short and medium term credit
• Treasury/FX including money market deposit facilities and foreign exchange products
• Trade services including documentary credits, collections, bonds, guarantees, and indemnities

In addition to our full range of service capabilities in London, Wachovia's team of experienced financial markets professionals can help you realize further advantages for your business.

• Centralize your International Banking–consolidated reporting and remote payment initiation links your U.S.-based and international accounts
• Achieve Time Savings–our relationship with you in the U.S. simplifies the account-opening process
• Make Faster Payments–payments can be made through one channel and intelligently routed through the most appropriate payment system
• Reduce Currency Risk–Wachovia offers a wide variety of risk management solutions
• Stay Informed–Wachovia can provide current information relating to European market initiatives such as the Single Euro Payments Area (SEPA), the Payment Services Directive, and UK Faster Payments

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