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SWIFT / BIC Code Details of BORSA ITALIANA S.P.A., MAIN BRANCH Branch
The Swift Code of Borsa Italiana S.p.a. , Main Branch Branch is XMILITM1
| Country Name | ITALY |
| Country Code | IT |
| Bank Name | BORSA ITALIANA S.P.A. |
| Branch Name | MAIN BRANCH |
| City Name | MILANO |
| SWIFT Code | XMILITM1 (Use for international fund transfers.) |
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General Information :
The Borsa Italiana S.p.a. ,
Main Branch Branch is Located in Milano City,
Italy.
The Swift / BIC Code of Borsa Italiana S.p.a. ,
Main Branch is : XMILITM1
Breakdown of Borsa Italiana S.p.a., Main Branch Branch SWIFT Code
| X | M | I | L | I | T | M | 1 |
| Bank Code | Country ISO Code | Location Code |
|||||
The first four digits
(XMIL) represent the
bank, here it's representing Borsa Italiana S.p.a..
Next two digits (IT) is country ISO code & here this code indicates
Italy country.
Next two digits is
(M1) - is location
code, it's use to identify the particular bank location.
- If the second character is "0" - then it is typically a test BIC as opposed to a BIC used on the live network.
- If the second character is "1" - then it denotes a passive participant in the SWIFT network
- If the second character is "2," it typically indicates a reverse billing BIC, in which the recipient pays for the message rather than the more common mode, in which the sender pays for the message.
This SWIFT Code is an eight-digit code that is likely to refer to the primary office.
FAQ
The SWIFT / BIC Code of Borsa Italiana S.p.a., Main Branch Branch is : XMILITM1
The Borsa Italiana S.p.a. , Main Branch is Located in Milano , Italy.
SWIFT / BIC Code
What is SWIFT/BIC Code?
SWIFT codes are abbreviations for the Society of Worldwide Interbank Financial Telecommunication Code. A SWIFT code is a code that is used to identify the country, bank, and branch of an account. A SWIFT code is also known as a BIC (Bank Identifier Code), but they are the same thing.
Formation of SWIFT Code
The Swift Code is either eight or eleven digits long and a combination of letters and numbers.
- The first four characters of the swift code are the bank code.
- The next two digits are the country code.
- The next two digits are the location code, and
- The last three digits are optional and aid in identifying the specific bank branch.
Applications of SWIFT Code/BIC Code
The following are some examples of SWIFT or BIC code applications:
- The Swift/BIC code is used to identify a specific branch of a bank or financial institution.
- It aids in international money transfers and acts as an executor for cross-border payments.
Example: Breakdown of SWIFT/BIC Code
A | B | C | D | 1 | 2 | 3 | 4 | 5 | 6 | 7 |
Bank Code | Country ISO Code | Location Code | Branch Code | |||||||
