OREANDA-NEWS. September 14, 2011. IBA-MOSCOW started providing new service Single Nostro for individuals and corporate clients under Deutsche Bank’s support, reported the press-centre of IBA-MOSCOW.
 
The service has been introduced to expand the list of services offered to the clients. Single Nostro service implies conducting money transfers by IBA-Moscow clients in USD dollars, euro, British pounds, Swedish kronas, Swiss franks, where these funds will be credited on the recipient’s account in one of currencies in which the bank’s correspondent account is missing. In other words making transfer in  USD dollars, for example the client can order the bank to pay these funds to beneficiary in Bahrain dinars.

Single Nostro will enable IBA-MOSCOW clients to use expanded list of currency operations, at that avoiding direct converting operations, in case of lack of free quotes in international currency market FOREX.