an AUD account with FNBA, and a USD account with CMB) for a net consideration of USD2,000,000. FNBA will make the following entries in its own accounting system: Over at CMB, they record the following transaction: If C does not have an account directly with FNBA's corresponding bank, the funds may be transferred within the banking system of country B by cheque or some form of electronic funds transfer (EFT). In this case CMB will make entries on several other accounts, such as a teller's receiving account, or a clearing account with the third bank holding C's account. See also Correspondent account References External links Nostro Accounts in Forex Market at GetHow Vostro Accounts in Forex Market at GetHow Nostro Accounts - Definition at Investopedia Vostro Accounts - Definition at Investopedia Banking terms