SWIFT/BIC code XMIFITM1XXX
XMIFITM1XXX belongs to Mercato Italiano Futures Exchange in Milano, Italy.
Code details
| SWIFT/BIC code | XMIFITM1XXX |
|---|---|
| 8-character code | XMIFITM1 |
| Branch code | XXX |
| Bank | Mercato Italiano Futures Exchange |
| Branch | Head office |
| City | Milano |
| Country | Italy |
The way the Mercato Italiano Futures Exchange SWIFT/BIC is built up
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- XMIF 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 uses SWIFT/BIC code XMIFITM1XXX?
The code XMIFITM1XXX belongs to the headquarters of Mercato Italiano Futures Exchange in Milano, Italy. Use it when you send money to an account at Mercato Italiano Futures Exchange.
Does Mercato Italiano Futures Exchange have only one SWIFT/BIC code?
Yes – XMIFITM1XXX is the only SWIFT/BIC code we have for Mercato Italiano Futures Exchange in Italy, so you do not need to pick a branch code.
How long does it take to send money to Mercato Italiano Futures Exchange in Italy?
SEPA payments in euros normally arrive the next business day, instant payments within seconds. Transfers in other currencies can take 1–3 business days.
Do I need XMIFITM1XXX to send euros to Italy?
Italy belongs to the SEPA area. For euro transfers the IBAN is usually enough. For other currencies you do need XMIFITM1XXX.
Are XMIFITM1 and XMIFITM1XXX the same SWIFT code?
Yes. XMIFITM1 is the short version of XMIFITM1XXX. XXX simply refers to the head office, so either version will reach Mercato Italiano Futures Exchange in Milano.
What do the letters in XMIFITM1XXX stand for?
XMIF is the institution code of Mercato Italiano Futures Exchange, IT stands for Italy, M1 is the location code and XXX marks the main office.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.