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Interbank Deposits

Interbank Deposits Definition

Interbank Deposits are banks' deposits held by another bank. The bank that placed the deposit at the other bank is referred to as the correspondent bank. Both banks need to hold a "due to account" for the other. If the correspondent bank is a foreign bank, the account is called a “nostro" (meaning "ours") account to the bank owning the deposit, and a “vostro" ("yours") account to the foreign correspondent.

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Interbank
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