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Swift Code / BIC (Bank Identifier Code) Details for ESCCESM1 and ESCCESM1___
ESCCESM1 is the swift code for Primary Office of ESPACLEAR, SISTEMAS DE COMPENSACION DE ACTIVOS FINANCIEROS SA/AV Bank in MADRID Spain. 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 ESPACLEAR, SISTEMAS DE COMPENSACION DE ACTIVOS FINANCIEROS SA/AV is also ESCCESM1 and ESCCESM1___.
| Swift Code / BIC (Bank Identifier Code) | ESCCESM1 Swift Code for primary office is generally formatted as 8 characters. ESCCESM1___ Swift Code for primary office can have optional ___ at the end. |
| Bank | ESPACLEAR, SISTEMAS DE COMPENSACION DE ACTIVOS FINANCIEROS SA/AV |
| Branch | Primary Office |
| City | MADRID |
| Country | |
| Branch Code | ___ (Optional) |
| Address | Pedro Teixeira 8 28020 MADRID SPAIN |
| Postal Code | 28020 |
| 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 ESCCESM1 and ESCCESM1___
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:
ESCC ES 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 ESCC.
- 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 ES. The country corresponding to this country code is Spain.
- 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 |
|---|---|---|---|
| ESCC | ES | M1 | ___ |