FOREX CHANNEL > Forex glossary > Vostro Account
*Japanese Vostro Account
Forex dealing
 
Vostro Account


Needless to say, the forex requires many current accounts overseas because the banks need to deliver or settle the foreign currencies every day. They call all overseas account to which a bank have to pay the relevant currency he/she has sold as 'Vostro Account'. According to the forex market practice, a bank who has sold the currency can get the Vostro Account from the counterparty.
 
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