KBLI 642—Parent Company Activities and Conduit Financing

Where 642 sits

1. L Financial and Insurance Activities
2. 64 Financial Services Activities, Except Insurance and Pension Funds
3. 642 Parent Company Activities and Conduit Financing

Contains 2 narrower codes

• 6421 Parent Company Activities
• 6422 Conduit Financing Activities

What 642 includes

• This group includes the activities of holding companies and conduit financing, which are captive financial entities of a group of companies, i.e. units established by financial or non-financial organizations to carry out specific financial activities, which are responsible for the ownership of the group of companies or for managing and distributing funds within the group of companies.

What 642 excludes

• This group does not include - captive factoring and invoicing companies, see class 6494. - investment activities on its own behalf, i.e., activities carried out by a business unit that produces fixed assets for its own use rather than by purchasing assets from other business units, such as venture capital and private equity firms, see class 6499; active management of companies and business units, strategic planning, and corporate decision-making, see class 7010. - activities of other captive financial entity group companies, which are included in the appropriate activity classes.

642 in other systems