SWIFT/BIC code DESCGB21XXX
DESCGB21XXX belongs to Derivative Securities Limited in London, United Kingdom.
Code details
| SWIFT/BIC code | DESCGB21XXX |
|---|---|
| 8-character code | DESCGB21 |
| Branch code | XXX |
| Bank | Derivative Securities Limited |
| Branch | Head office |
| City | London |
| Country | United Kingdom |
How the Derivative Securities Limited SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- DESC Bank code
- 4 letters that identify the bank.
- GB Country code
- 2 letters for the country (ISO 3166).
- 21 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
What bank uses SWIFT/BIC code DESCGB21XXX?
DESCGB21XXX identifies the main office of Derivative Securities Limited in London, United Kingdom. It is the code to use when you send money to an account at Derivative Securities Limited.
What do the letters in DESCGB21XXX mean?
DESC is the institution code of Derivative Securities Limited, GB is the ISO code of United Kingdom, 21 is the code for the city or region and XXX marks the main office.
Are DESCGB21 and DESCGB21XXX the same code?
Yes, they are. DESCGB21 is the short version of DESCGB21XXX. XXX simply refers to the head office, so both routes your payment to Derivative Securities Limited in London.
Do I need DESCGB21XXX for a euro transfer to United Kingdom?
United Kingdom is part of the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you do need DESCGB21XXX.
How long does it take to send money to Derivative Securities Limited in United Kingdom?
Euro transfers within SEPA normally arrive the next business day. Payments in other currencies can take 1–3 business days.
What is the cheapest way to send money to Derivative Securities Limited?
Banks often add several percent to the exchange rate on top of a fee. Compare the amount that arrives in British Pound with specialist providers before you send – the difference can be large.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.