See loro account (vostro account)

Used to facilitate international payments, this is the account of a bank with an agent or correspondent in a foreign country which is recorded in the currency of the bank’s own country.

Vostro account is an account that a bank holds on behalf of another bank in another country. The term is most common in the United States and the United Kingdom. In United States, it is a dolor accoun [..]

Within a domestic bank, this is an account held by a foreign bank of which the former is either the holder or in which it has an interest. Also known as loro account. Opposite: Nostro account.

See Nostro Account.

Vostro account means "your account with me". The counterpart to nostro account is vostro (Latin "yours") which describes the r [..]

A local currency account maintained with a bank by another bank. The term is normally applied to the counter-party's account from which funds may be paid into or withdrawn, as a result of a trans [..]