Nasdaq Clearing AB SWIFT/BIC code

Nasdaq Clearing AB SWIFT code: OMECSESS

OMECSESS and OMECSESSXXX are the short and the long form of the same SWIFT/BIC code, and both point to Nasdaq Clearing AB in Stockholm. A SWIFT code shows every bank in the chain exactly which bank is meant to get the money, much like a postcode for banks. You will need it mostly when dealing with payments that cross a border.

This page is meant to help anyone who receives money at an account at Nasdaq Clearing AB without mistakes. Remember that the BIC only identifies the bank, not the account: the IBAN or account number takes care of that.

Where our SWIFT data comes from

The details on this page come from public sources. Still, banks merge or retire codes. The figures we show reflect what is in our directory and not on information from Nasdaq Clearing AB itself.

For any payment of any size, always confirm the BIC with the recipient’s bank or the recipient. We are a comparison site and not part of Nasdaq Clearing AB. Spotted an error? Tell us through the contact page and we will look into it.

Paying into Nasdaq Clearing AB in SEK

Accounts at Nasdaq Clearing AB are usually held in SEK, the local currency of Sweden. When you pay money in a different currency it has to be converted at some point: by your bank, an intermediary or Nasdaq Clearing AB itself. Each conversion costs something.

Which bank converts the money makes a difference. Compare how much SEK the recipient gets via different services.

Rates for SEK change all the time, and some providers let you lock in a rate. For regular payments, a slightly better rate add up over time.

Paying Nasdaq Clearing AB in euros within SEPA

Because Sweden is in the SEPA zone, a euro payment into Nasdaq Clearing AB from another SEPA country usually requires just the IBAN. Many banks do not require the BIC in that case.

You will still need OMECSESSXXX for payments in other currencies or transfers from countries outside SEPA. If your banking app has a field for the BIC regardless, entering OMECSESS is fine.

Instant payments in euros are widely supported across SEPA. Charges on SEPA payments tend to be low.

Is OMECSESS still correct? How to check

The most reliable source for the BIC is the recipient’s own bank details. Compare that code against OMECSESS on this page.

An incorrect BIC may lead to a delay, a payment being sent back or extra fees. An error in the account number can be a bigger problem because it can reach the wrong person; check it just as carefully.

Many banking apps validate the format of IBANs and sometimes look up the BIC automatically, but that does not prove the account belongs to the right person. Where available, a name check on the recipient gives an extra layer of safety. Sending a small amount first is a sensible step for large sums.

Protect yourself against fake payment requests

Be wary when someone unexpectedly asks you to pay into a different account abroad. The fact that OMECSESS exists does not mean that the account is genuine – fraudsters use real bank codes as well.

Before paying, confirm a change of bank details by phone, using a number you already had. Pressure and requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. Acted too fast? Call your bank without delay and ask them to start a recall and report the fraud.

Scams can also work the other way: someone claims to have sent too much and wants you to return the extra via a different route. A payment confirmation from the sender proves nothing.

Which of the 5 codes of Nasdaq Clearing AB do you need?

Having 5 codes, Nasdaq Clearing AB belongs to the banks that register separate codes for branches. The head office code remains OMECSESSXXX.

If nobody asks you for a branch code, use OMECSESSXXX or its short form OMECSESS. Only use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

The best way is to copy the code directly from the recipient’s invoice. Codes can change over time.

Transfer times and tracking a payment to Nasdaq Clearing AB

An international transfer usually takes one to a few business days. Weekends and public holidays in the sending or receiving country add a day or more. Sometimes a bank wants to know what the payment is for.

When a payment takes longer than expected, ask your bank for the tracking status and the transaction reference so they can trace it along the chain. Money transfer services usually provide a status in their app showing how far the payment is.

A missing payment is traced from the sending side on the basis of the transfer details. Request from the sender the payment receipt with the date and reference – it helps your own bank look for the money.

Getting paid from abroad into a Nasdaq Clearing AB account

If you are waiting for money from abroad, send the payer all details at once. That means: your name exactly as it appears on the account, your account number or IBAN, the BIC OMECSESSXXX and sometimes your postal address.

Some sending banks want the name and address of Nasdaq Clearing AB, so keep it at hand. A mistake in the IBAN can be harder to fix than it looks, so copy the details from your online banking.

Expect that the amount credited is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee, and if the money is converted, an exchange rate margin applies. Make clear with the sender who pays which costs, especially for larger amounts.

Paying someone abroad from your Nasdaq Clearing AB account

The price of a payment abroad is made up of more than one component. On top of the transfer fee, correspondent or intermediary banks can deduct a fee, and if currencies are converted, the bank usually uses a rate below the actual market rate.

The markup on the rate tends to be the biggest cost. Compare the rate you are offered with the mid-market rate, the midpoint between buy and sell rates you see on financial sites.

For many currency pairs, a transfer service turns out to be cheaper than a bank – mostly thanks to the rate. On GoldexPay we compare what recipients receive across services. Using a transfer service does not mean leaving Nasdaq Clearing AB: you simply pay the service from your account.

What the XXX in OMECSESSXXX means

The structure of every SWIFT code is always the same: a bank code of four letters, a two-letter country code and a two-character location code, sometimes followed by a branch code. In this case, that core is OMECSESS.

Many banks and apps work with both lengths. If a form requires eleven characters, enter OMECSESSXXX.

Leave out spaces or dashes when you enter OMECSESS; the code is always written in one block. A wrong character may route the money to another bank.