SWIFT/BIC code IBRCESMMSCL
IBRCESMMSCL 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 | IBRCESMMSCL |
|---|---|
| 8-character code | IBRCESMM |
| Branch code | SCL |
| 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 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.
- SCL 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 branch uses BIC IBRCESMMSCL?
IBRCESMMSCL identifies Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear), part 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 account is held at this specific branch.
What happens if I use IBRCESMMSCL with a typo?
Your transfer can bounce, get stuck or cost extra. Always check IBRCESMMSCL against the details from Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) before sending.
What do the letters in IBRCESMMSCL 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 location code and SCL is the code of the branch Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear).
How long does it take to send money to Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear)?
Euro transfers within SEPA usually arrive within one business day, instant payments within seconds. Transfers in other currencies can take 1–3 business days.
Do I need IBRCESMMSCL to send euros to Spain?
Spain is part of the SEPA area. When you send euros the IBAN is usually enough and many banks fill in the BIC automatically. If you send another currency you still need IBRCESMMSCL.
Can I use IBRCESMM instead of IBRCESMMSCL?
IBRCESMM is the head office of Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear), while IBRCESMMSCL is 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 use IBRCESMMSCL if the recipient asks for it.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.