Definitions for "Vostro Account"
Keywords:  loro, cuenta, nostro, compte, rupee
Within a domestic bank, this is an account held by a foreign bank of which the former is either the holder or in which it has an interest. Also known as loro account. Opposite: Nostro account. Français: Compte Vostro Español: Cuenta vostro
A local currency account maintained with a bank by another bank. The term is normally applied to the counterparty's account from which funds may be paid into or withdrawn, as a result of a transaction.
The local currency account of a foreign bank/branch. E.g. Indian rupee account maintained by a bank in London with a bank in India. .