KBLI 64220—Conduit Financing Activities

Where 64220 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
4. 6422 Conduit Financing Activities
5. 64220 Conduit Financing Activities

What 64220 includes

• Conduit financing activities. For example, a unit formed by a group of financial or non-financial institutions to raise or borrow funds (mostly in the open market) and transfer these funds to the parent company or other entities within the group of companies.
• Activities of captive financial institutions involved in lending between entities within the group;
• Brass plate companies involved in collecting funds and distributing them to their parent company For example, units owned by non-resident units (either directly or indirectly) where the majority of the balance sheet consists of
• Claims and liabilities against non-resident units, having few or no employees and having small or no physical location within the company's jurisdiction.

What 64220 excludes

• This class does not include public funds and debt management services, see class 8411.

64220 in other systems