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Swift Code / BIC (Bank Identifier Code) Details for XDMIITM1 and XDMIITM1___
XDMIITM1 is the swift code for Primary Office of ITALIAN DERIVATIVES MARKET (IDEM) Piazza deglia Affari 6 Bank in MILANO Italy. Since this swift code belongs to a primary office of the bank, it can have an optional branch code "___". This swift code belongs to a financial institution.
Swift Code is also known as SWIFT-BIC, BIC (Bank Identifier Code), or SWIFT ID.Bank Identifier Code or BIC for ITALIAN DERIVATIVES MARKET (IDEM) Piazza deglia Affari 6 is also XDMIITM1 and XDMIITM1___.
| Swift Code / BIC (Bank Identifier Code) | XDMIITM1 Swift Code for primary office is generally formatted as 8 characters. XDMIITM1___ Swift Code for primary office can have optional ___ at the end. |
| Bank | ITALIAN DERIVATIVES MARKET (IDEM) Piazza deglia Affari 6 |
| Branch | Primary Office |
| City | MILANO |
| Country | |
| Branch Code | ___ (Optional) |
| Address | PIAZZA AFFARI 6, ITALIAN STOCK EXCHANGE I-20213 MILANO |
| Postal Code | 20213 |
| Type of institution | Financial Institution |
What is a SWIFT Code / BIC (Bank Identifier Code)
Swift Code is a unique identification code for a particular bank. It is a standard format for Business Identifier Codes (BICs, previously known as Bank Identifier Codes). It is technically used to identify banks and financial institutions globally distinctively - it says who and where they are. People use these codes to transfer money within banks for international wire transfers (the reason you're probably here looking up for info). SWIFT codes and BIC codes are same and the terms are interchangeable.
Parts of Swift Code XDMIITM1 and XDMIITM1___
Swift codes are usually formed of 8 (or) 11 characters.You can understand that a swift code or BIC refers to a primary office when it's formatted in an 8-digit code.The codes are arranged in the following manner:
XDMI IT M1 ___
- Bank Code (A-Z) - 4 letter code. The first four letters indicate the shortened version of a bank's name. The Bank Code for this is XDMI.
- Country Code (A-Z) - 2 letter code. The second two letters say the name of the country in which the bank is located. The Country Code for this is IT. The country corresponding to this country code is Italy.
- Location Code (0-9) (A-Z) - A 2 digit code that could be either two letters or numbers. It says where the bank's head office is located. The Location Code for this is M1.
- Branch Code - This is an optional 3-digit code. It states a particular branch instead of the bank's head office. The Branch Code for this is ___.
| 4 Letter Bank Code | 2 Letter Country Code | 2 Letter Location Code | 3 Letter Branch Code |
|---|---|---|---|
| XDMI | IT | M1 | ___ |