Vostro account

From ACT Wiki
Revision as of 19:32, 4 September 2017 by Doug Williamson (Talk | contribs) (Link with Account page.)

Jump to: navigation, search

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