What is Nostro Account?
A bank's account held at another bank, often in foreign currency for settlements.
our € account · at their bank
A nostro account is…
Write it in your own words in the app.
In real work
Nostro balance at the correspondent bank is low. Fund before London open.
In the illustration
Our key reaches across into the foreign bank's cabinet and opens our own drawer of euros; €500K lifts out to settle a payment there.
Reconcile the euro nostro account in your finance platform against the correspondent statement and list the three breaks over 1,000 euros.
Try it now
The fastest way to learn a word is to use it. Open this line in the agent you already work in and watch what it does. Change the tool to the one you use.
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03Career
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