Term:
Balances on nostro and vostro accounts
Definition:
A vostro (your) account is another bank’s account with a reporting bank, while a nostro (our) account is a reporting bank’s account with another bank.
Domain:
Finance
Source:
IMF, 2003, External Debt Statistics: Guide for Compilers and Users – Appendix 1. Special financial instruments and transactions: classifications, IMF, Washington DC
