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Investments glossary

Nostro Account

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JACK NICHOLSON: My point of view, while extremely cogent, is unpopular. LOS ANGELES TIMES: Which is? JACK NICHOLSON: That the repressive nature of the legalities vis-a-vis drugs are destroying the legal system and corrupting the police system. LOS ANGELES TIMES: Let\'s talk about acting for a minute.

— Jack Nicholson

A nostro account refers to an account that a bank holds in a foreign currency in another bank. Nostros, a term derived from the Latin word for ours, are frequently used to facilitate foreign exchange and trade transactions. The opposite term vostro accounts, derived from the Latin word for yours, is how a bank refers to the accounts that other banks have on its books in its home currency.


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