Nostro Account
A Nostro Account is a foreign currency bank account held by a domestic financial institution at a correspondent bank in another country (literally meaning 'our account with you'). Nostro accounts allow banks to settle cross-border transfers directly through clearing links.
Aliases: nostro, correspondent account
Standards & Citations
- 🌐 ISO 9362 / ISO 13616: International standards for financial identifiers (ISO OBP).
- 🏢 SWIFT Registration Authority: Designated ISO registration authority (swift.com).
- 📂 swiftbic.org Data Register: Provenance registry for bank code data (Data Sources).