CORPORACION DE DESARROLLO DE MERCADO SECUNDARIO DE HIPOTECAS CTH S.A., Primary Office Juan Leon Mera Y Patria 130, QUITO, Ecuador


BIC Name / Bank name / Institution Name	CORPORACION DE DESARROLLO DE MERCADO SECUNDARIO DE HIPOTECAS CTH S.A.
Bank Code / Institution Code	CDMC
Country	ECUADOR
Country Code (ISO 3166)	EC
City	QUITO
City Code	E1 The City Code are Institution Specific, different BIC has allotted different City Code for same city.
Office Type	Primary Office / Head Office / Main Office
Branch Code	XXX
Swift Code / BIC Code	CDMCECE1
Swift Code / BIC Code 11 Characters	CDMCECE1XXX Note:If Swift Code is of 8 Characters then suffix XXX for branch code in the Swift Code.
Address	Juan Leon Mera Y Patria 130
Zip Code / Postal Code
Note: Before Transferring payment to the Bank Branch, confirm from the payment receiver, if the Bank Branch is Active
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Whether Financial Institution IBAN Compliant	No, CORPORACION DE DESARROLLO DE MERCADO SECUNDARIO DE HIPOTECAS CTH S.A. is not IBAN Compliant.
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What is a SWIFT Code / BIC code?

Business Identifier Codes (BIC) has been developed by Society for Worldwide Interbank Financial Telecommunication (SWIFT) to identify banks and financial institutions globally. That is why BIC Codes are also known as SWIFT Codes.SWIFT Codes / BIC Codes are used for transferring money between banks of different countries or SEPA payments. Banks also use these codes for exchanging financial messages.

SWIFT Code / BIC Code is formed of 8 or 11 characters in following system:

First four characters in the SWIFT Code / BIC Code from left depicts bank code. In the case of CORPORACION DE DESARROLLO DE MERCADO SECUNDARIO DE HIPOTECAS CTH S.A. the first four characters from left CDMC indicates that it is CORPORACION DE DESARROLLO DE MERCADO SECUNDARIO DE HIPOTECAS CTH S.A..
Characters 5-6 from left in the SWIFT Code / BIC Code, depicts Country code of the bank. In the case of CORPORACION DE DESARROLLO DE MERCADO SECUNDARIO DE HIPOTECAS CTH S.A. characters 5 and 6 from left EC indicates that bank is in ECUADOR. It means that all the banks located in ECUADOR will have EC at 5th and 6th place from left in their Swift Codes / BIC Codes.
Characters 7-8 from left in the SWIFT Code / BIC Code, depicts City Code of the Bank. In the case of CORPORACION DE DESARROLLO DE MERCADO SECUNDARIO DE HIPOTECAS CTH S.A. characters 7 and 8 from left E1 indicates that bank is in QUITO. It means that all the branches of CORPORACION DE DESARROLLO DE MERCADO SECUNDARIO DE HIPOTECAS CTH S.A. located in QUITO will have E1 at 7th and 8th place from left in their Swift Codes / BIC Codes.
Characters 9-11 from left in the SWIFT Code / BIC Code, depicts Branch Code of the Bank.In the case of CORPORACION DE DESARROLLO DE MERCADO SECUNDARIO DE HIPOTECAS CTH S.A. the length of SWIFT Code is 8 Characters, means CORPORACION DE DESARROLLO DE MERCADO SECUNDARIO DE HIPOTECAS CTH S.A. Head Office of the Financial Institution.
Many Banks has taken only one SWIFT Code per country or have one SWIFT Code per city, for processing International Payments of all the Branches of the country / city through SWIFT enabled branch. So, if your Bank Branch is not depicting in the list, contact your Bank Branch for the SWIFT Code transactions.