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nostro account
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 German  English

Abwicklungstag (settlement date): Datum, an dem eine Transaktion abgewickelt wird. [EU] Correspondent banking services are primarily provided across international boundaries but are also known as agency relationships in some domestic contexts. A loro account is the term used by a correspondent to describe an account held on behalf of a foreign credit institution; the foreign credit institution would in turn regard this account as its nostro account.

The example sentences [G] were kindly provided by the Goethe Institute.
Sentences marked by [EU] derived from DGT Multilingual Translation Memory. The European Commission retains ownership of the copyright in the original data.
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