Difference between revisions of "Vostro account"

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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.
 
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.
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The term 'vostro' is derived from Latin, meaning 'in your favour'.
 
The term 'vostro' is derived from Latin, meaning 'in your favour'.
  
 
Also known as a Loro account.
 
Also known as a Loro account.
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== See also ==
 
== See also ==
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* [[Account]]
 
* [[Correspondent banking]]
 
* [[Correspondent banking]]
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* [[Loro account]]
 
* [[Nostro account]]
 
* [[Nostro account]]
 
  
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[[Category:Cash_management]]

Latest 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.


See also