lorokonto

Terminological databases

ID 730486 Last modified 17.03.2005

Domain banking systems & trust companies

lorokonto

loro account

sometimes used in international banking to describe a third party account in a domestic or foreign currency

lorokonto

loro account

Usage examples

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.

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