Invisibles balance and Nostro account: Difference between pages

Revision as of 20:57, 1 July 2022

1.

An account held by a domestic bank with a (different) foreign bank to facilitate foreign currency transactions.

2.

An account held by a bank with a foreign bank, specifically when the account balance stands in favour of the domestic bank.

The term 'nostro' is derived from Latin, meaning 'in our favour'.

(In this context, the term 'vostro account' is used when the balance on the account stands in favour of the foreign bank.)

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-''Economics.''
+.
-The net amount of imports LESS exports of services, interest, profit and dividends from financial activities and government current account items as reported in the balance of payments.
+An account held by a domestic bank with a (different) foreign bank to facilitate foreign currency transactions.
+.
+An account held by a bank with a foreign bank, specifically when the account balance stands in favour of the domestic bank.
+The term 'nostro' is derived from Latin, meaning 'in our favour'.
+(In this context, the term 'vostro account' is used when the balance on the account stands in favour of the foreign bank.)
 == See also ==
-* [[Balance of payments]]
+* [[Correspondent banking]]
+* [[Loro account]]
+* [[Payments and payment systems]]
+* [[Vostro account]]
+[[Category:Cash_management]]
+[[Category:Liquidity_management]]