Differences between nostro Account Vostro Account and loro Account and mirror Account

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Differences between nostro Account and Vostro Account

Nostro Account

Our account with you
For example SBI. Mumbai maintaining an USD account with Citi Bank New York is nostro Account for Sbi Mumbai.

Vostro Account

Your account with us
For example American express bank maintaining a rupee Account with SBI Mumbai is Vostro Account IN the books of  SBI Mumbai.

Loro Account

His account with them.
For example Citi Bank referring to RUPEES Account of American express bank with SBI Mumbai.

Mirror Account
Shadow of nostro Account.
For example while a bank MAINTAINS nostro Account with a foreign bank it has to keep an account of the same in its books.

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