What is nostro reconciliations?

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

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Easterangel-ga                   
Google Answers Researcher