SWIFT Code XSGECNC1 — SHANGHAI FUTURES EXCHANGE, SHANGHAI

About SWIFT Code XSGECNC1 — SHANGHAI FUTURES EXCHANGE, SHANGHAI

SWIFT code XSGECNC1 is the official 8-character head-office BIC (Bank Identifier Code) for SHANGHAI FUTURES EXCHANGE in SHANGHAI, China. 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 SHANGHAI FUTURES EXCHANGE for all outward international remittances from SHANGHAI. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code XSGECNC1

The code XSGECNC1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code XSGECNC1

Receiving International Wire Transfers

To receive money from abroad at your SHANGHAI FUTURES EXCHANGE account in SHANGHAI, share SWIFT code XSGECNC1 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 SHANGHAI FUTURES EXCHANGE, SHANGHAI must provide SWIFT code XSGECNC1. 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 SHANGHAI FUTURES EXCHANGE in SHANGHAI rely on SWIFT code XSGECNC1 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 SHANGHAI FUTURES EXCHANGE →

For cheque clearing or NACH mandates, use the MICR code for SHANGHAI FUTURES EXCHANGE →

For TDS challan deposits, find the BSR code for SHANGHAI FUTURES EXCHANGE →

How SWIFT Code XSGECNC1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code XSGECNC1 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 SHANGHAI FUTURES EXCHANGE.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: SHANGHAI FUTURES EXCHANGE receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code XSGECNC1

• Spaces or lowercase letters — Always enter XSGECNC1 uppercase with no spaces.
• Using the wrong city — This code is for SHANGHAI 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 China.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm XSGECNC1 directly with SHANGHAI FUTURES EXCHANGE's SHANGHAI branch or via the SWIFT BIC Directory.