An account held by a domestic bank with a foreign bank where the original bank has no branches. It is used for cash management purposes. Nostro means "ours" in Latin. See Vostro Account.
A current (transactional) account maintained by a bank with a bank in another country, usually in the currency of the country where the account is held. The bank maintaining the account refers to it as a nostro account ("our account with you"). This account is typically viewed as a reciprocal arrangement related to the vostro account ("your account with us"). The terms "nostro" and "vostro" are frequently used in the context of foreign exchange transactions and the related transfer of funds.
a bank account opened by a foreign bank in another country, usually in the currency of that country
is an account held by a bank in a foreign country in the currency of that country e.g., a German bank with an account in New York will call the record in its own books of its New York account a nostro account.
A bank’s account with his correspondent banker abroad, ordinarily in the home currency of that country. E.g. An Indian bank having a Swiss franc account with a bank in Switzerland or in any other international financial centre.
Bank account held by a UK bank with another bank abroad.
An account, held by a bank, with a bank in another country, usually in the currency of that foreign country.
A banking term commonly referred to as "Due From Account" meaning "our account with you," which denotes an account maintained by a bank with a foreign correspondent bank.
An account which a domestic bank maintains at a foreign bank, expressed in foreign currency. Opposite: Vostro (or Loro) account. Français: Compte Nostro Español: Cuenta nostro
An account that a bank holds with a foreign bank.
A foreign currency current account maintained with another bank. The account is used to receive and pay currency assets and liabilities denominated in the currency of the country in which the bank is resident.
