| 单词 |
nostro account |
| 释义 |
nostro account
nostro account (ˈnɒstrəʊ) n (Banking & Finance) a bank account conducted by a British bank with a foreign bank, usually in the foreign currency. Compare vostro account
Nostro Account
Nostro AccountAn account at a foreign bank where a domestic bank keeps reserves of a foreign currency. A bank keeps a nostro account so that it does not have to make a currency conversion (which brings with it foreign exchange risk) should an account holder make a deposit or a withdrawal in that foreign currency. See also: Vostro Account. |
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