nostro account
11Nostro reconciliation statement — A statement which lists the transactions relating to a nostro account …
12Nostro accounts — Accounts which contain: • all current accounts with correspondent banks and (inter)national clearing institutions to effect payments. • all margin accounts relating to exchange traded options and futures. Accounts used to record movement on… …
13loro account — ➔ account1 * * * loro account UK US noun [C] BANKING ► an account that one bank holds for another bank, usually one in another country → See also NOSTRO ACCOUNT(Cf. ↑nostro account), VOSTRO …
14vostro account — ➔ account1 * * * vostro account UK US noun [C] BANKING ► an account that a bank holds in its own currency for a bank in another country → Compare NOSTRO ACCOUNT(Cf. ↑nostro account) …
15vostro account — /ˈvɒstroʊ əkaʊnt/ (say vostroh uhkownt) noun Finance an account conducted by a bank in one country with a bank in a foreign country and recorded in the currency of the original country. Compare nostro account. {Italian vostro your + account} …
16Mirror account — An contra account which reflects a nostro account with another bank …
17vostro account — A bank account held by a foreign bank with a UK bank, usually in sterling. Compare nostro account …
18vostro account — / vɒstrəυ əˌkaυnt/ noun an account held by a correspondent bank for a foreign bank. ⇒ nostro account …
19Due from account — An ISO term. See preferred term Nostro account …
20Bank account — A bank account is a financial account with a banking institution recording the financial transactions between the customer and the bank and the resulting financial position of the customer with the bank. Bank accounts may have a positive or… …