SWIFT Code XCARVEC1 — CARACAS STOCK EXCHANGE, CARACAS

About SWIFT Code XCARVEC1 — CARACAS STOCK EXCHANGE, CARACAS

SWIFT code XCARVEC1 is the official 8-character head-office BIC (Bank Identifier Code) for CARACAS STOCK EXCHANGE in CARACAS, Venezuela. 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 CARACAS STOCK EXCHANGE for all outward international remittances from CARACAS. Without the correct SWIFT code, international transfers to or from this branch cannot be processed.

How to Read SWIFT Code XCARVEC1

The code XCARVEC1 follows the ISO 9362 standard and breaks down as follows:

When to Use SWIFT Code XCARVEC1

Receiving International Wire Transfers

To receive money from abroad at your CARACAS STOCK EXCHANGE account in CARACAS, share SWIFT code XCARVEC1 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 CARACAS STOCK EXCHANGE, CARACAS must provide SWIFT code XCARVEC1. 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 CARACAS STOCK EXCHANGE in CARACAS rely on SWIFT code XCARVEC1 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 CARACAS STOCK EXCHANGE →

For cheque clearing or NACH mandates, use the MICR code for CARACAS STOCK EXCHANGE →

For TDS challan deposits, find the BSR code for CARACAS STOCK EXCHANGE →

How SWIFT Code XCARVEC1 Routes an International Transfer

1. Initiation: The sender provides SWIFT code XCARVEC1 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 CARACAS STOCK EXCHANGE.
4. Correspondent bank (if needed): An intermediary bank may relay the transfer, adding 1–2 business days.
5. Credit: CARACAS STOCK EXCHANGE receives the SWIFT message and credits the account. Total time: 1–5 business days.

Common Mistakes When Using SWIFT Code XCARVEC1

• Spaces or lowercase letters — Always enter XCARVEC1 uppercase with no spaces.
• Using the wrong city — This code is for CARACAS 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 Venezuela.

Data Accuracy

BankZop sources SWIFT/BIC data from publicly available banking registries and official disclosures, updated regularly. For the highest-stakes transactions, always confirm XCARVEC1 directly with CARACAS STOCK EXCHANGE's CARACAS branch or via the SWIFT BIC Directory.