- 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.
Acting intervention| Against| Arbitrage| Coordinated intervention| Correspondent arrangement| Counterparty| Cover| Credit line| ECB| Favor| FF rate| FOMC| Foreign Reserve| FRB| Hedge| Impact loan| Interbank markets| Intervention| Leads and lags| Lifting charge| Long| Marry| Nostro Account| Official Discount Rate| Outright| Overshoot| Plaza Accord| Position| Repatriation| Short| Speculation| Square| Stagflation| Swap| Tied loan| TTB rate| TTS rate| Vostro Account|