A banking term to describe an account one bank holds with a bank in a foreign country, usually in the currency of that foreign country.
Related information about nostro account:
- Nostro and vostro accounts - Wikipedia, the free encyclopedia
A bank counts a nostro account with a credit balance as a cash asset in its balance sheet. Conversely, a vostro account with a credit balance (i.e. a deposit) is a ...
- Nostro Account Definition | Investopedia
A bank account held in a foreign country by a domestic bank, denominated in the currency of that country. Nostro accounts are used to facilitate settlement of ...
- What is a Nostro Account - Nostro Account Definition
May 14, 2012 ... Nostro Account Definition. A Nostro Account is an account denominated in a foreign currency established through your local bank at a bank in ...
- Nostro Account - Financial Dictionary - The Free Dictionary
An account at a foreign bank where a domestic bank keeps reserves of a foreign currency. A bank keeps a nostro account so that it does not have to make a ...
- What Is a Nostro Account?
A nostro account is a type of banking account that belongs to the party that keeps track of it, as opposed to a vostro account...
- What is nostro account? - BusinessDictionary.com
Definition of nostro account: Foreign exchange account maintained by a non- local (correspondent) bank with a local bank in local currency. For the local bank it ...
- What is nostro account? definition and meaning - InvestorWords.com
Definition of nostro account: A banking term to describe an account one bank holds with a bank in a foreign country, usually in the currency of that foreign ...
- What are the Diferences between Nostro and Vostro Account
Nostro Account: Account held by a particular domestic bank in a foreign bank is called Nostro account. Here in the above example given in Vostro account the ...