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SWIFT/BIC code IBRCESMMSD1

IBRCESMMSD1 belongs to Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear) in Madrid, Spain.

IBRCESMMSD1

Code details

SWIFT/BIC codeIBRCESMMSD1
8-character codeIBRCESMM
Branch codeSD1
BankSociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear)
BranchSmart: Aiaf-Send
CityMadrid
CountrySpain

The way 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.
SD1 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 is behind BIC IBRCESMMSD1?

IBRCESMMSD1 identifies Smart: Aiaf-Send, 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 account is held at this specific branch.

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

Do I need IBRCESMMSD1 to send euros to Spain?

Spain is part of the SEPA area. For euro transfers the IBAN normally suffices and many banks fill in the BIC automatically. If you send another currency you do need IBRCESMMSD1.

Can I use IBRCESMM instead of IBRCESMMSD1?

IBRCESMM is the head office of Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear), while IBRCESMMSD1 points to Smart: Aiaf-Send. Most international transfers work with the head office code, but use IBRCESMMSD1 if the recipient 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)?

Many banks add 1–3% to the exchange rate on top of a fee. Compare what you receive in Euro with specialist providers before you send – the difference can be large.

What does each part of IBRCESMMSD1 stand for?

IBRC is the bank code of Sociedad de Gestion de Los Sistemas de Registro, Compensacion y Liquidacion de Valores, S.A. (Iberclear), ES stands for Spain, MM is the location code and SD1 is the code of the department Smart: Aiaf-Send.

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