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An accounting process used to compare two sets of records to ensure the figures are in agreement and are accurate. Reconciliation is the key process used to determine whether the money leaving an account matches the amount spent, ensuring that the two values are balanced at the end of the recording period. At the end of every month it is a good idea to reconcile your checkbook by comparing your receipts with your bank statement. Among other advantages, this type of account reconciliation makes it possible to determine whether money is being fraudulently withdrawn from an account. The account a correspondent bank, usually U.S. or UK, holds on behalf of a foreign bank. Also known as a loro account. An account that a bank holds with a foreign bank.Nostro accounts are usually in the currency of the foreign country. This allows for easy cash management because currency doesn't need to be converted.
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What is the birth name of Nick Nostro?
Nick Nostro's birth name is Nicola Nostro.
When was Il nostro caro angelo created?
Il nostro caro angelo was created in 1973-09.
When was Nick Nostro born?
Nick Nostro was born on April 21, 1931, in Gioia Tauro, Calabria, Italy.
How do you say in Italian Welcome to our table?
benvenuto al nostro tavolo (refers to man) - benvenuta al nostro tavolo (refers to woman) - benvenuti al nostro tavolo (refers to more than 1 person)
What actors and actresses appeared in Questo nostro mondo - 1957?
The cast of Questo nostro mondo - 1957 includes: Vittorio Bonicelli as Narrator
What are the ratings and certificates for Il nostro ultimo brindisi - 2011?
Il nostro ultimo brindisi - 2011 is rated/received certificates of: USA:PG-13
What are the ratings and certificates for Le stagioni del nostro amore - 1966?
Le stagioni del nostro amore - 1966 is rated/received certificates of: Italy:VM14
What are the operational guidelines for nostro account?
Members should have at least one secondary Nostro account in each CLS. Members are expected to manage their CLS positions by currency.
What actors and actresses appeared in Pasolini prossimo nostro - 2006?
The cast of Pasolini prossimo nostro - 2006 includes: Franco Merli as himself Pier Paolo Pasolini as himself
What actors and actresses appeared in Qualcosa di nostro - 1970?
The cast of Qualcosa di nostro - 1970 includes: Ileana Ghione Anna Maria Bottini Vittorio Sanipoli
What actors and actresses appeared in Il nostro segreto - 2006?
The cast of Il nostro segreto - 2006 includes: Daniele Codiglione as Bambino Giada Di Cuffa as Bambina Marta Iacopini as Mamma
What are the differences between Nostro and Vostro Account?
Vostro Account: Account held by a foreign bank in a domestic bank is called vostro account. For example UBS of Switzerland opening an account in SBI in India, this is vostro account for SBI India. Nostro Account: Account held by a particular domestic bank in a foreign bank is called Nostro account. Here in the above example given in Vostro account the same account is a Nostro account for UBS Switzerland, or if SBI India opens an account in UBS Switzerland then that account is a Nostro account for SBI India. Nostro accounts are usually in the currency of the foreign country. This allows for easy cash management because currency doesn't need to be converted. Vostro Account: Account held by a foreign bank in a domestic bank is called vostro account. For example UBS of Switzerland opening an account in SBI in India, this is vostro account for SBI India. Nostro Account: Account held by a particular domestic bank in a foreign bank is calledNostro account. Here in the above example given in Vostro account the same account isa nostro account for UBS Switzerland, or if SBI India opens an account in UBSSwitzerland then that account is a Nostro account for SBI India. Nostro accounts areusually in the currency of the foreign country. This allows for easy cash managementbecause currency doesn't need to be converted.
