Nostro Account definition

Nostro Account means the current account of a Member with its Correspondent Bank.
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Nostro Account means a foreign currency demand deposit account kept by a domestic bank or financial institution in a foreign bank abroad where the account is used primarily to facilitate foreign exchange transactions between the respective banks;
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Nostro Account means the current account of a Member
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Examples of Nostro Account in a sentence

  • The notice shall contain the reason we believe immediate cessation of operations is required.

  • Through State Bank of India Nostro Account: SBI Frankfurt EUR 52607101120001 ▇▇▇▇▇▇▇▇ SBI London GBP 35601 SBINGB2L SBI Tokyo JPY 10177001220001 SBINJPJT SBI New York USD 77600125220002 SBINUS33 In witness whereof, the Bank, through its authorised officer, has set its hand and stamp on this ........

  • Further, the Borrower shall procure that for the purpose of settling any acceptances to the Offer in respect of Target Shares listed on the JSE, the Cash Deposit (or any part thereof) shall be remitted by ▇▇▇▇▇▇▇▇▇ Bank from the Cash Confirmation Account to the Nostro Account and, following conversion by FRB into ZAR, by FRB in to the ZAR Settlement Account, from where all or part of the funds shall be remitted to Computershare for settlement of the relevant acceptances.

  • Without prejudice to the generality of the foregoing, if the Borrower requires a Utilisation under the Term Loan Facility or the Top Up Facility to settle any acceptances (or expected acceptances) to the Offer in respect of Target Shares listed on the JSE, the Borrower shall ensure that such Advance shall be credited to the ZAR Settlement Account via the Nostro Account.

  • Note: Payments to be released to CitiBank N.A., New York , Swift Code – ▇▇▇▇▇▇▇▇, ABA No. ▇▇▇▇▇▇▇▇▇ to the Credit of CitiBank N.A., India Nostro Account No: ▇▇▇▇▇▇▇▇, Swift Code – CITINBXAXXX with CitiBank New York, for further Credit to our account 307264013 name C3i Consultants India Pvt.


More Definitions of Nostro Account

Nostro Account means an account that:
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Nostro Account means a USD nostro account in the name of FRB held with ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank, N.A., New York.
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Nostro Account means a bank account established in a foreign country usually in the currency of that country for the purpose of carrying out transactions there.
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Nostro Account means the current account of a Member with its CorrespondentBank.
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