SWIFT/BIC code CSMGESM1XXX
CSMGESM1XXX belongs to Cygnus Asset Management Sgiic, S.A. in Madrid, Spain.
Code details
| SWIFT/BIC code | CSMGESM1XXX |
|---|---|
| 8-character code | CSMGESM1 |
| Branch code | XXX |
| Bank | Cygnus Asset Management Sgiic, S.A. |
| Branch | Head office |
| City | Madrid |
| Country | Spain |
The way the Cygnus Asset Management Sgiic, S.A. SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- CSMG Bank code
- 4 letters that identify the bank.
- ES Country code
- 2 letters for the country (ISO 3166).
- M1 Location code
- 2 characters for the city or region of the head office.
- XXX Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which institution is behind BIC CSMGESM1XXX?
CSMGESM1XXX is the SWIFT/BIC code of the main office of Cygnus Asset Management Sgiic, S.A. in Madrid, Spain. Use it when you send money to an account at Cygnus Asset Management Sgiic, S.A..
How long does a transfer to Cygnus Asset Management Sgiic, S.A. take in Spain?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Payments in other currencies can take 2–4 business days.
Do I need CSMGESM1XXX to send euros to Spain?
Spain belongs to the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you do need CSMGESM1XXX.
Is CSMGESM1 and CSMGESM1XXX the same code?
Yes. CSMGESM1 is the short version of CSMGESM1XXX. The XXX at the end only means head office, so both will reach Cygnus Asset Management Sgiic, S.A. in Madrid.
What is the cheapest way to send money to Cygnus Asset Management Sgiic, S.A.?
Banks often add 1–3% to the exchange rate on top of a fee. Check what you receive in Euro with transfer services before you send – the difference can be large.
What happens if I enter CSMGESM1XXX with a typo?
Your transfer can bounce, get stuck or cost extra. Always check CSMGESM1XXX with the recipient before sending.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.