Hi! Thanks for the question.
In order to answer the question properly let us first define what a
nostro account is.
Nostro Account - "banking term to describe an account one bank holds
with a bank in a foreign country, usually in the currency of that
foreign country."
"nostro account"
http://www.investorwords.com/cgi-bin/getword.cgi?3348
Baystreet.CA
http://baystreet.investopedia.com/terms/n/nostroaccount.asp
In terms of a nostro reconciliation here is a description.
"Banks maintain accounts with other banks (Nostro Accounts) and it is
necessary for them to reconcile Ledger Account Statements with the
Nostro Account Statements."
ReconBanc
http://www.bankstar.com/ReconBanc.htm
Search terms used:
"nostro account" reconciliation
I hope these links would help you in your research. Before rating this
answer, please ask for a clarification if you have a question or if
you would need further information.
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Regards,
Easterangel-ga
Google Answers Researcher
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