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SWIFT/BIC code IBRCESMMASI

IBRCESMMASI belongs to Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) in Madrid, Spain.

IBRCESMMASI

Code details

SWIFT/BIC codeIBRCESMMASI
8-character codeIBRCESMM
Branch codeASI
BankSociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear)
BranchAncillary System
CityMadrid
CountrySpain

The way 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).
MM Location code
2 characters for the city or region of the head office.
ASI 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 BIC IBRCESMMASI?

IBRCESMMASI identifies Ancillary System, 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.

What is the cheapest way to send money to Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) in Spain?

Many banks add 1–3% to the exchange rate on top of a fee. Compare the amount that arrives in Euro with specialist providers before you send.

Do I need IBRCESMMASI to send euros to Spain?

Spain is part of the SEPA area. For euro transfers the IBAN is usually enough. For other currencies you still need IBRCESMMASI.

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. Transfers in other currencies can take 2–4 business days.

What do the letters in IBRCESMMASI stand for?

IBRC is the institution 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, MM is the code for the city or region and ASI identifies the department Ancillary System.

What happens if I enter IBRCESMMASI with a typo?

Your transfer can bounce, get stuck or cost extra. Always check IBRCESMMASI against the details from Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) before sending.

Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.