nostro account

/ ˈnɒstrəʊ /

noun

1. a bank account conducted by a British bank with a foreign bank, usually in the foreign currency Compare vostro account

Example Sentences

A letter on Aug. 3, 2016 from the RBI to bank executives warned of“a recent incident involving attempted unauthorized transfer of funds from the nostro account of a bank”.

From Reuters

The RBI asked the top management of Indian banks to not only ensure that appropriate controls were in place, but also to reconcile their nostro account transactions – that is, to check that they matched their banks’ internal records.

From Reuters

A letter on Aug. 3, 2016 from the RBI to bank executives warned of“a recent incident involving attempted unauthorized transfer of funds from the nostro account of a bank”.

From Reuters

The RBI asked the top management of Indian banks to not only ensure that appropriate controls were in place, but also to reconcile their nostro account transactions – that is, to check that they matched their banks’ internal records.

From Reuters