SWIFT/BIC code SSMSITM1XXX
SSMSITM1XXX belongs to Systema Asset Management Sgr S.P.A. in Milano, Italy.
Code details
| SWIFT/BIC code | SSMSITM1XXX |
|---|---|
| 8-character code | SSMSITM1 |
| Branch code | XXX |
| Bank | Systema Asset Management Sgr S.P.A. |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Systema Asset Management Sgr S.P.A. SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- SSMS Bank code
- 4 letters that identify the bank.
- IT Country code
- 2 letters for the country (ISO 3166).
- M1 Location code
- 2 characters for the city or region of the head office.
- XXX 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 institution is behind BIC SSMSITM1XXX?
SSMSITM1XXX is the SWIFT/BIC code of the main office of Systema Asset Management Sgr S.P.A. in Milano, Italy. Use it when a payment to Systema Asset Management Sgr S.P.A. does not need a specific branch.
What does each part of SSMSITM1XXX mean?
SSMS is the institution code of Systema Asset Management Sgr S.P.A., IT stands for Italy, M1 is the location code and XXX marks the head office.
What happens if I enter SSMSITM1XXX incorrectly?
Your transfer can bounce, get stuck or cost extra. Always check SSMSITM1XXX against the details from Systema Asset Management Sgr S.P.A. before sending.
Does Systema Asset Management Sgr S.P.A. use a single SWIFT/BIC code?
Yes, SSMSITM1XXX is the only SWIFT/BIC code listed for Systema Asset Management Sgr S.P.A. in Italy, so you do not need to pick a branch code.
Are SSMSITM1 and SSMSITM1XXX the same SWIFT code?
Yes. SSMSITM1 is the 8-character version of SSMSITM1XXX. XXX simply means head office, so both will reach Systema Asset Management Sgr S.P.A. in Milano.
What is the cheapest way to send money to Systema Asset Management Sgr S.P.A.?
Many banks add several percent to the exchange rate on top of a fee. Check the amount that arrives in Euro with transfer services before you send.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.