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what is Reconciliation-NOSTRO,VOSTRO?

Answers were Sorted based on User's Feedback



what is Reconciliation-NOSTRO,VOSTRO?..

Answer / tarun

Nastro is our acnt n vastro is their acnt n reconciliation is done with mirror n nastro acnt held by us:

Is This Answer Correct ?    2 Yes 0 No

what is Reconciliation-NOSTRO,VOSTRO?..

Answer / sri

prasanna, if you want to know about the nostro & vostro
account follow the link given below.

http://en.wikipedia.org/wiki/Nostro_and_Vostro_Account

One Bank's statement describe about all credit & debit
transactions maa.

I think you are not understand the term "RECONCILIATION"
You are not included the important points.

Is This Answer Correct ?    19 Yes 22 No

what is Reconciliation-NOSTRO,VOSTRO?..

Answer / sri

please use the correct spelling for your answers before
posting it. here Prasanna had entered same answer with
blunder mistake on spelling; prasanna used the
spelling "check book" instead of using proper spelling
of "Cheque Book".

Is This Answer Correct ?    12 Yes 37 No

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