Tag Archives: Nostro

RBI allows use of Nostro a/c of commercial banks of Asian Clearing Union members for settling trade payments

RBI/2015-16/203 October 08, 2015 A. P. (DIR Series) Circular No. 21 To All Authorised Dealer Category-I banks Madam / Sir, Memorandum of Procedure for channeling transactions through Asian Clearing Union (ACU) Attention of Authorised Dealer Category-I banks is invited to the Memorandum containing detailed procedural instructions for channeling transactions through the Asian Clearing Union (ACU) (Memorandum… Read More »