What is Real Time Nostro (RTN)?
Nostro accounts are accounts that a bank holds with another bank, usually in a foreign country and in a foreign currency. Real Time Nostro is a software application that allows banks to share nostro account data in real time. In the past, banks have been reconciling their nostro accounts, using endof- day reconciliation statements. Real Time Nostro gives banks the ability to reconcile their nostro accounts intra-day via the internet or SWIFTNet. In addition, banks can receive a consolidated view of all of their multi-bank, multi-currency nostro accounts, which makes it possible for them to manage their liquidity based on real time instead of end-of-day balance information.