nostro account in a sentence

1) The UK bank will call this account their nostro account .

2) It may help to follow the process through the relevant nostro accounts .

3) Assume AB holds $100 and DM 400 in its nostro accounts .

nostro account example sentences

4) As the nostro accounts rise they reduce the US domestic money stock.

5) Both types of transactions necessitate the use of nostro accounts with correspondent banks.

6) Bank A in turn has $1m on deposit in nostro account in US bank.

7) As nostro accounts increase, they do so at the expense of US domestic bank accounts.

8) The US exporter has now been paid, using money from the UK bank's nostro account .

9) Banks outside America do not need to keep in their nostro accounts a sum equal to their deposits.

10) To UK banks they will be VOSTRO accounts, the same accounts to non UK banks will be nostro accounts .

11) Thus nostro accounts , i.e. deposit balances with correspondent banks, are the basis of the euro-dollar market in London and elsewhere.

12) The dollars that could be spent equal the amounts held in nostro accounts which are but a small fraction of total Eurodollars.

13) Foreign-based banks must have a nostro account (s) correspondent banks in each currency's financial centre, e.g. dollars in New York, French francs in Paris.

14) As Lloyds Bank's nostro account is at Bank Z in New York, a transfer from Bank Y to Bank Z takes place.

15) Barclays' nostro account is held at Bank Y in the USA, therefore $10m is transferred from Bank X to Bank Y in New York.

use nostro account in a sentence

16) Its nostro account with BAB was credited US $10,000 (1st transaction) and debited $10,255 (2nd transaction).

17) A bank's currency accounts held with overseas banks (correspondents) are known as nostro accounts (nostro is Latin for 'our').

18) I also wanted to see thresholds, so not all currency trades or nostro accounts have to be reported all the time, but rather those actions that carry systemic risk.

19) UK bank authorises US bank to debit their nostro account with the relevant sum of money and pay American beneficiary who has supplied goods to depositor in London.

20) Bank A, via SWIFT network, authorises US bank holding nostro account to debit it $500 000 and credit the nostro account of Bank B $500 000.

21) Bank A, via SWIFT network, authorises US bank holding nostro account to debit it $500 000 and credit the nostro account of Bank B $500 000.

22) It will authorise that $10 000 be debited from their nostro account and that this money in turn be credited to the beneficiary, the US exporter.

23) Again a view of the nostro accounts should assist understanding:

24) Total deposits in nostro accounts in US $1m.

25) As stated earlier, expenditure could only equal the value of nostro accounts , the size of which only

26) AB's nostro account with BAB in New York would be credited with $ 10,000 while AB's nostro account with

27) AB's nostro account with BAB in New York would be credited with $ 10,000 while AB's nostro account with

28) That is to say it might be possible, as an example, to find that a particular non-US bank held deposits in a nostro account in the US to the value of $1m.

How to use nostro account in a sentence

29) (For example if a UK bank has a credit balance in its nostro account , this will be 'reflected' by a debit balance in the mirror account of the same value).



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