TERMIUM Plus®

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COMPTE LORO [1 record]

Record 1 2015-11-03

English

Subject field(s)
  • Banking
  • Financial Institutions
DEF

An account serviced by a bank on behalf of an account owner bank.

CONT

"Loro account" means "their account." The expression is used when dealing with third parties. If two foreign banks have sterling accounts at the same London bank, one of them might, for example, instruct the London bank to transfer a sum from its nostro account to the loro account of the other bank.

OBS

loro account: term and definition standardized by the International Organization for Standardization (ISO) in 1993.

OBS

loro account: term used in international banking to describe a third party account in a domestic or foreign currency.

French

Domaine(s)
  • Banque
  • Institutions financières
DEF

Compte tenu par une banque pour la banque titulaire du compte.

CONT

Les comptes «loro» sont les comptes tenus au nom de tiers. Par exemple, la banque Nationale tient dans ses livres le compte en francs que la Deutsche Bank a ouvert pour y loger ses avoirs.

OBS

compte loro : terme et définition normalisés par l'Organisation internationale de normalisation (ISO) en 1993.

Spanish

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