Where is BTOSIRTHMAD located?

The registered address on file for BTOSIRTHMAD is 53 CORNER OF SANEIE ST AFRICA, BLVD TEHRAN 00000 IRAN (ISLAMIC, REPUBLIC OF).

What is the 11-character version of BTOSIRTH?

The 8-character form is BTOSIRTH and the 11-character form is BTOSIRTHMAD. A BIC ending in XXX refers to the head office. Banks that accept the 8-character form treat it as identical to the XXX form.

Is BTOSIRTHMAD a head office or a branch code?

BTOSIRTHMAD identifies the MADAR SQ.,(104) of CREDIT INSTITUTE FOR DEVELOPMENT, branch code MAD.

BTOSIRTHMAD

CREDIT INSTITUTE FOR DEVELOPMENT, BIC/SWIFT Code Details

BTOSIRTHMAD is the SWIFT/BIC code for CREDIT INSTITUTE FOR DEVELOPMENT in Iran. It identifies the MADAR SQ.,(104). The 8-character form is BTOSIRTH and the 11-character form is BTOSIRTHMAD.

Branch name: MADAR SQ.,(104)

Address: 53 CORNER OF SANEIE ST AFRICA, BLVD TEHRAN 00000 IRAN (ISLAMIC, REPUBLIC OF)

Analyze and plan cross-border transactions

Ohm reads your pacs.008, validates the beneficiary bank, checks the route and its correspondents, prepares the invoice and finds the right HS code.

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pacs.008.xml invoice.pdf

Can you analyze those documents?

Looks fine:

Beneficiary bank BIC and IBAN both check out
Payment route One correspondent, arrives next business day
Invoice Matches the amount and both parties
HS code Use 8471.30 for these goods, not ~~8473.30~~

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Correspondent Banks

Standard Settlement Instructions (SSI) contain the list of correspondent banks for each currency.

Other Branches

BTOSIRTH
CREDIT INSTITUTE FOR DEVELOPMENT

BTOSIRTHCNT
CENTRAL

BTOSIRTHISF
ISFAHAN(201)

BTOSIRTHKSH
KISH BRANCH(601)

BTOSIRTHMSH
MASHHAD(301)

BTOSIRTHSAN
SANAIE(113)

BTOSIRTHTAB
TABRIZ

Frequently asked questions

What bank does BTOSIRTHMAD belong to?: BTOSIRTHMAD is the SWIFT/BIC code for CREDIT INSTITUTE FOR DEVELOPMENT in Iran.
Where is BTOSIRTHMAD located?: The registered address on file for BTOSIRTHMAD is 53 CORNER OF SANEIE ST AFRICA, BLVD TEHRAN 00000 IRAN (ISLAMIC, REPUBLIC OF).
What is the 11-character version of BTOSIRTH?: The 8-character form is BTOSIRTH and the 11-character form is BTOSIRTHMAD. A BIC ending in XXX refers to the head office. Banks that accept the 8-character form treat it as identical to the XXX form.
Is BTOSIRTHMAD a head office or a branch code?: BTOSIRTHMAD identifies the MADAR SQ.,(104) of CREDIT INSTITUTE FOR DEVELOPMENT, branch code MAD.

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Disclaimers

We are doing our best to demystify cross-border payments, however Ohmyfin is not responsible for any delays or losses related to usage of the information and services from our web site. Please contact your banks to receive safe advice.