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en:nostro-account [2017/11/29 09:00] federico |
en:nostro-account [2017/11/29 09:02] federico |
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| For example, if a bank in Mexico receives a lot of remittances from the United States, but doesn't not have a banking license to open a branch in the US, the Mexican bank (client) can reach an agreement with an American bank (facilitator). The American bank will open an account in the name of the Mexican bank, in US dollars. | For example, if a bank in Mexico receives a lot of remittances from the United States, but doesn't not have a banking license to open a branch in the US, the Mexican bank (client) can reach an agreement with an American bank (facilitator). The American bank will open an account in the name of the Mexican bank, in US dollars. | ||
| - | Figure 1: Without a nostro account, business from US transfer money directly into the Mexican bank | + | //Figure 1: Without a nostro account, business from US transfer money directly into the Mexican bank// |
| - | {{ :en:nostro1.png?nolink |}} | + | {{ :en:nostro1.png?nolink |Figure 1: Without a nostro account, business from US transfer money directly into the Mexican bank}} |
| - | Figure 2: Using a nostro account, transfers from the US go to an account held in an American bank. The American bank will transfer the collected funds to the Mexican bank. | + | //Figure 2: Using a nostro account, transfers from the US go to an account held in an American bank. The American bank will transfer the collected funds to the Mexican bank.// |
| - | {{ :en:nostro2.png?nolink |}} | + | {{ :en:nostro2.png?nolink |Figure 2: Using a nostro account, transfers from the US go to an account held in an American bank. The American bank will transfer the collected funds to the Mexican bank. }} |