Reconciliation of nostro account

Reconciliation of nostro account
  Reconciliation of nostro accounts is the process of matching the statements received from the NOSTRO banks with the postings kept by the automated system.

International financial encyclopaedia . 2014.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Nostro and Vostro Account — Nostro and Vostro (Middle Italian, from Latin, noster and voster ; English, ours and yours ) are accounting terms used to distinguish an account you hold for another entity from an account another entity holds for you. The entities in question… …   Wikipedia

  • Nostro and vostro accounts — Nostro and vostro (Italian, from Latin, noster and voster; English, ours and yours ) are accounting terms used to distinguish an account held for another entity from an account another entity holds. The entities in question are almost always, but …   Wikipedia

  • Nostro reconciliation statement —   A statement which lists the transactions relating to a nostro account …   International financial encyclopaedia

  • Department Management/Reconciliation reports — Reports include:   Cheques with extended clearing date   Confirmation of cheque clearing date   Country exposure versus limits   Customer daily position   Dormant/stagnant/unclaimed accounts   Doubtful debtors   Exception report on movement of… …   International financial encyclopaedia

  • Value date —   An ISO term. The date on which the funds are at the disposal of the receiver.   ISO Standard Telex Formats term. 6n or 35x.   ISO Funds Transfer Messages term. ISO International Cheque Remittance term. ISO Message Authentication term. ISO Mail… …   International financial encyclopaedia

  • Supplementary details —   An ISO term. ISO Funds Transfer Messages term. ISO Nostro Account Reconciliation term. Information for the account owner which may be added to individual statement entries …   International financial encyclopaedia

  • Advice —   An ISO term.   ISO Funds Transfer Messages term. ISO Bank Card Originated Messages term. The affirmation that an action has taken place.   ISO Nostro Account Reconciliation term. A confirmation that a funds transfer has been executed. An advice …   International financial encyclopaedia

  • Reference —   An ISO term. A transaction identifier which is normally included as part of the information supplied with the transaction itself, and can subsequently be used to distinguish the transaction identified from other transactions (e.g., in nostro… …   International financial encyclopaedia

  • Reference for the beneficiary —   An ISO term. The reference which enables the beneficiary to identify the transfer.   ISO Funds Transfer Messages term. ISO Nostro Account Reconciliation term. 16x.   ISO Standard Telex Formats term. ISO Loan/Deposit Contract Forms term. 20x …   International financial encyclopaedia

  • literature — /lit euhr euh cheuhr, choor , li treuh /, n. 1. writings in which expression and form, in connection with ideas of permanent and universal interest, are characteristic or essential features, as poetry, novels, history, biography, and essays. 2.… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”