LBBW’s Account & Payment Solutions offer you outstanding support and individualised clearing service arrangements to carry out your day-to-day cross-border payments in a quick and cost-effective way. It is our aim to provide you with the highest product quality, highly productive processing systems and personal contacts to deal with your enquiries immediately after your request.
The strategic challenge is to cope with the competition in the market for cross-border payments. By maintaining an account with Landesbank Baden-Württemberg the correspondent will be well positioned to receive a comprehensive and innovative service. Landesbank Baden-Württemberg offers a wide range of clearing services to meet the needs of its customers.
Direct access to the leading Euro Clearing and Settlement Systems
Reduction of the number of Euro-Nostro accounts
Favourable interest terms
No minimum balance
Efficient liquidity management
Personal service by experienced staff
Landesbank Baden-Württemberg is a direct member of the following state-of-the-art Clearing and Settlement Systems:
Instead of collecting your cheques country-by-country and bank-by-bank, you can send all your cheques to one collection partner: LBBW. We will collect the cheques amounts by using local clearing partners.
Simplifies the handling of cheques denominated in Euro and other currencies
Short-term availability of funds
One specific contact for your collections
Favourable terms and conditions, prices and value dates are calculated on an individual basis.
LBBW provides financial institutions worldwide with the opportunity to carry out their global Euro payments business in an efficient, smooth and cost-effective manner by maintaining only one Euro Account.
Reduction of nostro accounts enables faster reconciliation, more transparency for the cash flow and the liquidity and improves monitoring acitivites.
Direct access to the major Euro clearing systems: EBA (Euro 1, Step 1, Step 2) and TARGET 2
Comprehensive SEPA Services and competitive cut-off-times