Rails & networks
What is Vostro account?
A vostro account is the same account as a nostro, seen from the other side — 'your account with us'. When a foreign bank holds a local-currency account at a domestic bank, the domestic bank calls it a vostro account. The two terms describe one account from two perspectives in correspondent banking.
Vostro arrangements let a foreign bank offer local-currency services without a local license, by relying on the domestic correspondent. The pair of terms is fundamental vocabulary for how value is held and moved in the correspondent model.