Vostro account: Difference between revisions
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* [[Account]] | * [[Account]] | ||
* [[Correspondent banking]] | * [[Correspondent banking]] | ||
* [[Loro account]] | |||
* [[Nostro account]] | * [[Nostro account]] | ||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
Revision as of 14:25, 2 May 2018
An account held by a domestic bank on behalf of a (different) foreign bank, when the account balance stands in favour of the foreign bank.
The term 'vostro' is derived from Latin, meaning 'in your favour'.
Also known as a Loro account.
