Tools For The New Global Trade Environment.ppt

Tools For The New Global Trade Environment Harold ‘Lynn” Vann Vice President Business Banking ManagerWells Fargo Bank, Northern California Dan Frank Vice President, Product Manager Wells Fargo Bank, NA New Environment, New Challenges Trade in hard goods Trade in content/services Limited transparency High transparency (maybe) Few large transactions Many small transactions Focus on logistics Focus on the business Stable/growing dollar Declining dollar Assembling The Global Trade Financial Toolkit One size does not fit all Assemble a package of services tailored to the needs of your business,selecting from thefollowing areas: Credit Trade finance Risk management Foreign Exchange Payments and collections Foreign currency instruments 1898 Start of remittance services to Hong Kong 1852 Wells Fargo Company founded 1853 Extends banking and express business to Europe 1916 Established express office in Shanghai and Hong Kong 1900 – 300 offices operating in Mexico 1978 Opens representative office in Tokyo 1980s International ads features stagecoach in various countries 1997 New branch offices in Hong Kong and Taipei offer L/Cs and Asia Business Direct Wells Fargo International Banking History 2000 International online capabilities with the introduction of CEO and FXOL 2005 Wells Fargo becomes only US bank to be part of Connector Bank network 2002 Wells Fargo celebrates 150 years 2007 Wells Fargo opens new office in London to facilitate European business 1995 Wells Fargo HSBC form Wells Fargo HSBC Trade Bank joint venture to support US exporters/importers Wells Fargo Trade Services Wells Fargo HSBC Trade Bank, a joint venture with Wells Fargo and the HSBC Group, is the only nationally chartered bank in the US dedicated exclusively to international trade Services include trade finance, government-guaranteed loans, foreign accounts receivable purchasing, and risk mitigation, as well as the full range of foreign exchange services Many services available