The Zimbabwe Revenue Authority (Zimra) has indicated that it is scouring the globe for nostro accounts
held by local banks, a move that is likely to send jitters across the financial services sector.
cash and nostro accounts
) have remained above 30% of its total assets at
terms the cash funds totaled 854.9 mln AMD ($2.1 mln, 93% growth versus Q3 2012), and the funds on nostro accounts
in the banks
According to Iqbal, the Saadiq Euro Nostro Accounts
will be available to clients globally, across Standard Chartered's entire network.
The Saadiq EUR Nostro accounts
will be available to clients globally, across the Standard Chartered network.
The lender also has 360 correspondents and 22 Nostro accounts
. Chimimport JSC controls more than 77% of CCBa[euro](tm)s votes directly and indirectly through related parties.
(Here, I use the term two-currency accounts or nostro accounts
Although, different components show that QoQ decline in borrowings was mainly contributed by secured borrowings, unsecured borrowings especially, the overdrawn Nostro accounts
In late March, 2019, the volume of cash at the disposal of banks amounted to almost 1.34 billion manats, correspondent accounts with the Central Bank had 1.598 billion manats, and funds on nostro accounts
(correspondent accounts with other banks) amounted to almost 2.562 billion manats.
Based on Hyperledger Fabric, the SWIFT trial focused on the use of nostro accounts
, bank accounts held by banks inside other banks.
New Delhi: The CBI sought from the chief vigilance officers of five banks the details of financial transactions in the Nostro accounts
of Punjab National Bank (PNB) on the basis of 293 fraudulent Letters of Undertaking issued by it to jewellers Nirav Modi and his maternal uncle Mehul Choksi.
SWIFT's proof of concept will determine if distributed ledger technology can help banks reconcile their nostro accounts
in real time.