SWIFT Code XBFOBEB1 — BRUSSELS EXCHANGES CLEARING HOUSE NV, BRUSSELS

About SWIFT Code XBFOBEB1 — BRUSSELS EXCHANGES CLEARING HOUSE NV, BRUSSELS

SWIFT code XBFOBEB1 is the official 8-character head-office BIC (Bank Identifier Code) for BRUSSELS EXCHANGES CLEARING HOUSE NV in BRUSSELS, Belgium. Standardised under ISO 9362 and maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT), this code is used exclusively for cross-border wire transfers and is recognised by financial institutions in over 200 countries.

This code must be provided to the sender when receiving money from abroad, and is required by BRUSSELS EXCHANGES CLEARING HOUSE NV for all outward international remittances from BRUSSELS. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code XBFOBEB1

The code XBFOBEB1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code XBFOBEB1

Receiving International Wire Transfers

To receive money from abroad at your BRUSSELS EXCHANGES CLEARING HOUSE NV account in BRUSSELS, share SWIFT code XBFOBEB1 with the sender along with your full account number, your name as on the account, and the branch address.

NRI Remittances

Non-Resident Indians sending money to NRO/NRE accounts at BRUSSELS EXCHANGES CLEARING HOUSE NV, BRUSSELS must provide SWIFT code XBFOBEB1. Major remittance platforms — including Wise, Remitly, Western Union, and MoneyGram — use this code to route transfers accurately.

Trade Finance and Foreign Payments

Importers and exporters using BRUSSELS EXCHANGES CLEARING HOUSE NV in BRUSSELS rely on SWIFT code XBFOBEB1 for letters of credit, bank guarantees, and foreign currency settlements.

SWIFT Code vs IFSC vs MICR vs BSR — Key Differences

Need the IFSC code for domestic NEFT, RTGS, or UPI transfers? View the IFSC code for BRUSSELS EXCHANGES CLEARING HOUSE NV →

For cheque clearing or NACH mandates, use the MICR code for BRUSSELS EXCHANGES CLEARING HOUSE NV →

For TDS challan deposits, find the BSR code for BRUSSELS EXCHANGES CLEARING HOUSE NV →

How SWIFT Code XBFOBEB1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code XBFOBEB1 and account number to their bank.
2. Validation: The sending bank validates the BIC against the SWIFT registry.
3. Routing: An MT103 SWIFT message is transmitted through the network to BRUSSELS EXCHANGES CLEARING HOUSE NV.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: BRUSSELS EXCHANGES CLEARING HOUSE NV receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code XBFOBEB1

• Spaces or lowercase letters — Always enter XBFOBEB1 uppercase with no spaces.
• Using the wrong city — This code is for BRUSSELS only.
• Truncating to 8 characters — When 11 characters are required, always use the full code.
• Using SWIFT for domestic transfers — Use the IFSC code for any transfer within Belgium.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm XBFOBEB1 directly with BRUSSELS EXCHANGES CLEARING HOUSE NV's BRUSSELS branch or via the SWIFT BIC Directory.