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Nostro Account
(redirected from nostro accounts)

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Nostro Account
An 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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Enterprise-wide cash management implementation for nostro accounts * Real-time access to account information supports more proactive cash management * TLM WebConnect thin client delivery model eases global rollout LONDON -- SmartStream Technologies, the Transaction Lifecycle Management specialist, today announced that a leading Swiss Investment Bank has selected TLM([R]) Cash Management to manage its global cash flows.
With this latest version of TLM Cash Management, banks can deliver more proactive cash management services to nostro accounts and support corporates more effectively through the provision of accurate forecasting.
All central bank and nostro accounts are managed in LMS.
 
 
 
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