Vostro Account

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Nostro and Vostro Account
A Nostro or Vostro (from Latin: nostra and vostra, ours and yours) Account is a deposit account that a bank holds at a foreign or correspondent bank for the purpose of holding foreign currency and making/receiving international payments.A single deposit account is a Nostro account from the perspective of one bank and a Vostro account from the perspective of another. The bank that owns a correspondent account at a bank in another jurisdiction refers to such account as a Nostro account ("our account at your bank"). The correspondent bank will refer to the same account as a Vostro account ("your account with us").
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UNODC Money Laundering Terms DictionaryDownload this dictionary
Vostro Account
A demand account maintained for a bank by a correspondent bank in a foreign country. The nostro account of one bank is the vostro account of the other bank.

Copyright © 2005 UNODC - United Nations Office on Drugs and Crime.

Dizionario inglese-italiano 1.0.012Download this dictionary
VOSTRO ACCOUNT
VOSTRE LINEE. VOSTRO CONTO

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