Vostro account

From ACT Wiki
Revision as of 14:25, 2 May 2018 by Doug Williamson (Talk | contribs) (Update links.)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
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