SWIFT/BIC code IBRCESM1AS2
IBRCESM1AS2 belongs to Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) in Madrid, Spain.
Code details
| SWIFT/BIC code | IBRCESM1AS2 |
|---|---|
| 8-character code | IBRCESM1 |
| Branch code | AS2 |
| Bank | Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) |
| Branch | — |
| City | Madrid |
| Country | Spain |
How the Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- IBRC 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.
- AS2 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 is behind SWIFT/BIC code IBRCESM1AS2?
IBRCESM1AS2 is the SWIFT/BIC code of Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear), a unit of Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) in Madrid, Spain. Use this branch code only when the recipient or their bank explicitly asks for it.
How long does a transfer to Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) take?
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 IBRCESM1AS2 to send euros to Spain?
Spain belongs to the SEPA area. For euro transfers the IBAN is usually enough. If you send another currency you do need IBRCESM1AS2.
What is the best way to send money to Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear)?
Banks often add several percent to the exchange rate on top of a fee. Check what you receive in Euro with specialist providers before you send – the difference can be large.
What do the letters in IBRCESM1AS2 mean?
IBRC is the bank code of Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear), ES is the ISO code of Spain, M1 is the location code and AS2 identifies the department Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear).
Can I use IBRCESM1 instead of IBRCESM1AS2?
IBRCESM1 points to the main office of Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear), while IBRCESM1AS2 points to Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear). For a normal transfer the head office code is usually fine, yet follow the instructions of the recipient if they mention IBRCESM1AS2.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.