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Which of the following definitions of a nostro account is correct?

Which of the following definitions of a nostro account is correct?

A.

A nostro account is an account held by a bank in a foreign country in the banks domestic currency.

B.

A nostro account is an account held by a bank in a foreign country for cash collateralising OTC derivative positions with banks in that country.

C.

A nostro account is an account held by a bank in a foreign country in the currency of that country.

D.

A nostro account is an account held by a bank in its home country in a foreign currency.

ACI 3I0-012 Summary

  • Vendor: ACI
  • Product: 3I0-012
  • Update on: Aug 18, 2025
  • Questions: 740
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