SWIFT/BIC code XDMIITM1XXX
XDMIITM1XXX belongs to Italian Derivatives Exchange Market in Milano, Italy.
Code details
| SWIFT/BIC code | XDMIITM1XXX |
|---|---|
| 8-character code | XDMIITM1 |
| Branch code | XXX |
| Bank | Italian Derivatives Exchange Market |
| Branch | Head office |
| City | Milano |
| Country | Italy |
How the Italian Derivatives Exchange Market SWIFT/BIC is structured
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- XDMI 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
What bank uses SWIFT/BIC code XDMIITM1XXX?
XDMIITM1XXX identifies the head office of Italian Derivatives Exchange Market in Milano, Italy. Use it when a payment to Italian Derivatives Exchange Market does not need a specific branch.
What is the best way to send money to Italian Derivatives Exchange Market?
Many banks add several percent to the exchange rate on top of a fee. Check the amount that arrives in Euro with specialist providers before you send – the difference can be large.
What do the letters in XDMIITM1XXX mean?
XDMI is the bank code of Italian Derivatives Exchange Market, IT is the ISO code of Italy, M1 is the location code and XXX marks the main office.
Does Italian Derivatives Exchange Market use only one SWIFT/BIC code?
Yes, XDMIITM1XXX is the only SWIFT/BIC code listed for Italian Derivatives Exchange Market in Italy, so there is no branch code to choose.
How long does a transfer to Italian Derivatives Exchange Market take in Italy?
SEPA payments in euros normally arrive the next business day. Payments in other currencies can take 2–4 business days.
Do I need XDMIITM1XXX to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough. For other currencies you still need XDMIITM1XXX.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.