Nostro account: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "A nostro account is a bank account one bank opens at another bank, usually to facilitate foreign currency transactions and so on. It is necessarily a cash account,..." |
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{{seealso}} | {{seealso}} | ||
*[[Custody account]] | *[[Custody|Custody account]] | ||
*[[Vostro account]] | *[[Vostro account]] | ||
*[[Omnibus account]] | *[[Omnibus account]] | ||
Revision as of 12:35, 13 March 2019
A nostro account is a bank account one bank opens at another bank, usually to facilitate foreign currency transactions and so on. It is necessarily a cash account, and necessarily a proprietary asset of the depositing bank. It is not a client money account.