International Payments
WestLB offers a wide range of products to meet international financial institutions’ needs in terms of European and global payments. In addition, WestLB Transaction Services uses flexible transaction processing structures which allow customising solutions to each financial institution’s unique requirements both in terms of mass payments and individual payment transactions.
Euro-Denominated International Payments
WestLB has direct access to the following clearing systems:
WestLB has direct access to the following clearing systems:
- TARGET2
- EBA EURO1
- EBA STEP1
- EBA STEP2
Euro payments to recipients in countries which cannot be reached through the above-listed systems are made through WestLB’s own network of vostro correspondent banks as well as through preferred partners with a large portfolio of euro accounts for financial institutions.
International Payments In Other Currencies
WestLB relies on an efficient network of international account relationships permitting to process international payments fast, economically and reliably. International partners’ performance is constantly monitored and the major parameters of the cooperation are defined in appropriate service level agreements.