CLANAE 64.999—Financing services and financial activities n.e.c.

Where 64.999 sits

1. K Financial intermediation and other financial services
2. 64 Financial intermediation and other financial services
3. 64.9 Financial services, except those of the central bank and financial institutions
4. 64.99 Financial services n.e.c.
5. 64.999 Financing services and financial activities n.e.c.

What 64.999 includes

• Financing activities not elsewhere classified, where the primary objective is to distribute funds through means other than granting loans.
• Proprietary investments in securities: - investments in shares - bonds - securities - other financial instruments
• Securitization activities.
• Factoring services, which involve the factoring company holding receivables from commercial companies and providing credit by discounting these receivables or offering guarantees that cover late payments and non-payment. These services generally encompass the management of receivables streams, collections, and accounting.
• Credit unions.

What 64.999 excludes

• Holding company activities (subclass 64.200).
• Direct lending, as its primary objective, by entities that do not receive deposits and are outside the scope of the Financial Entities Law, intended to finance other economic activities, consumption, housing, or other goods (class 64.92).
• Purchase and sale of securities on behalf of third parties (subclass 66.191).
• Currency exchange activities (subclass 66.192).
• Real estate leasing (division 68).
• Operating leasing (division 77).

64.999 in other systems