SWIFT/BIC code IBRCESMMRF1
IBRCESMMRF1 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 | IBRCESMMRF1 |
|---|---|
| 8-character code | IBRCESMM |
| Branch code | RF1 |
| Bank | Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) |
| Branch | Smart: Renta Fija Bolsa Madrid |
| City | Madrid |
| Country | Spain |
How the Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) SWIFT/BIC is built up
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.
- RF1 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 bank uses BIC IBRCESMMRF1?
IBRCESMMRF1 is the SWIFT/BIC code of Smart: Renta Fija Bolsa Madrid, a branch or department of Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) in Madrid, Spain. Only use it if the recipient or their bank explicitly asks for it.
What happens if I use IBRCESMMRF1 incorrectly?
The payment may be delayed, returned or charged extra fees. Always check IBRCESMMRF1 against the details from Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) before you confirm.
How long does a transfer to Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) take in Spain?
SEPA payments in euros usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Do I need IBRCESMMRF1 to send euros to Spain?
Spain belongs to the SEPA area. For euro transfers the IBAN is usually enough. For other currencies you still need IBRCESMMRF1.
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) in Spain?
Many banks 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.
Can I use IBRCESMM instead of IBRCESMMRF1?
IBRCESMM is the head office of Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear), while IBRCESMMRF1 is Smart: Renta Fija Bolsa Madrid. Most international transfers work with the head office code, but follow the instructions of the recipient if they mention IBRCESMMRF1.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.