Difference between revisions of "Vostro account"

From ACT Wiki
Jump to: navigation, search
(CSV import)
 
m (Spacing 14/8/13)
Line 1: Line 1:
 
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.
 +
 
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.
 +
  
 
== See also ==
 
== See also ==
 
* [[Correspondent banking]]
 
* [[Correspondent banking]]
 
* [[Nostro account]]
 
* [[Nostro account]]
 
 

Revision as of 10:15, 14 August 2013

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