Sentences with word «nostro»

With xRapid and XRP, financial institutions can eliminate the need for costly intermediaries or pre-funded Nostro accounts in destination currencies.

The XRP ledger is an open - source product created by Ripple to solve a major point of friction in international payments which is the pre-funding of nostro / vostro accounts.

In recent scenario, the banks opted for such payment options by maintaining foreign accounts in a local currency that is generally known as Nostro accounts.

«With xRapid and XRP, financial institutions can eliminate the need for costly intermediaries or pre-funded Nostro accounts in destination currencies,» the company said in a statement on its insights blog.

In essence, it's a private SWIFT blockchain that will track nostro balances and cut out the necessity for constant reconciliation efforts.

In essence, it's a private SWIFT blockchain that will track nostro balances and

«This trial introduced XRP to test the feasibility of reducing or retiring the use of current Nostro accounts for local currency payouts.»

The same way, XRP also offers other benefits such as sourcing banks liquidity on demand, in real time, and that without any need to have prefund nostro accounts.

aliud quid nobis suggerere videretur, soli tamen auctoritati divinae potius quam proprio nostro judicio fidem esse adhibendam.»

The oldest - known map of the moon from naked eye observations, drawn by English physician and physicist William Gilbert and not published until 1651 in his De mundo nostro sublunari philosophia nova (New Sublunary Philosophy of the World).

Venite exultemus Domino iubilemus Deo salutari nostro, he intones.

Banks can use XRP to source liquidity in real - time on demand without any need to fund nostro accounts in advance, while payment providers use it to reduce the cost of foreign exchanges, improve the speed of payment settlements, or reach into other markets.

Fable Fortune will feature a co-op mode entirely unique to the CCG genre, allowing you to team - up with a friend against a host of Fable villains such as Nostro or Logan.

Rojas says it is conducting a blockchain proof of concept for reconciliation of nostro and vostro accounts, which are used to settle cross-border payments between correspondent banks.

Ersek's reference to «working capital optimization» is significant because Ripple CEO Brad Garlinghouse has repeatedly make the case that banks will adopt XRP as it will free them of having to park currency in so - called «nostro» and «vostro» accounts to facilitate transfers.

Last year, the member - owned network of banks and other financial institutions revealed a successful proof - of - concept aimed at reimagining the nostro - vostro accounts used by companies to store cash around the world, and in January, it signed an agreement with seven central securities depositories to evolve the way the centralized organizations might leverage blockchain.

• Liquidity: You won't have to maintain high liquidity across multiple payment (nostro) accounts.

Using SWIFT's POC - stage distributed ledger technology, banks will maintain their nostro accounts as they do today — the only difference is, these account balances will be reflected in real - time on the distributed ledger, marginally improving the painful reconciliation effort banks face today.

Lychfield Cemetery from Fable is one of our starting locations and where you will face the might of Nostro and his hollow army.

Brad Garlinghouse, the CEO of Ripple, described it this way to Fortune, «The liquidity needs of banks today is managed with literally ten trillion of float that sits in these nostro and vostro accounts.

Ersek's reference to «working capital optimization» is significant because Ripple CEO Brad Garlinghouse has repeatedly make the case that banks will adopt XRP as it will free them of having to park currency in so - called «nostro» and «vostro» accounts to facilitate transfers.

This post is intended as a primer about payment systems and explains correspondent banking, nostros, real time gross settlement (RTGS) systems and deferred net settlement (DNS) systems.

Last year, the member - owned network of banks and other financial institutions revealed a successful proof - of - concept aimed at reimagining the nostro - vostro accounts used by companies to store cash around the world, and in January, it signed an agreement with seven central securities depositories to evolve the way the centralized organizations might leverage blockchain.

This is much more efficient than maintaining lots of nostros.

Hikmet's reference to working capital optimisation has finds its significance in the claim of Ripple CEO, Brad Garlinghouse stating that the XRP will help bank avoid «nostro» and «vostro» accounts.

«The liquidity needs of banks today is managed with literally ten trillion of a float that sits in these nostro and Vostro accounts,» said Brad.

«The liquidity needs of banks today are managed with literally ten trillion of a float that sits in these nostro and Vostro accounts.»