Vostro account: Difference between revisions
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* [[Nostro account]] | * [[Nostro account]] | ||
* [[Loro account]] | * [[Loro account]] | ||
[[Category:Cash_management]] | |||
Revision as of 09:04, 9 November 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.
