General Studies · Global Payments
In the SWIFT messaging system used by financial institutions for secure global payments, UniCredit Banca in Milan, Italy has the eight-character code UNCRITMM. What do the middle two characters 'IT' specifically represent in this SWIFT/BIC structure?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Branch code
- 2Location code
- 3Institute code
- 4Country code✓
Correct answer
Country code
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