MSIC 461—Wholesale on a fee or contract basis

Where 461 sits

1. G Wholesale and Retail Trade
2. 46 Wholesale Trade, Except of Motor Vehicles and Motorcycles
3. 461 Wholesale on a fee or contract basis

Contains 1 narrower code

• 4610 Wholesale on a fee or contract basis

What 461 includes

• This group includes intermediation service activities, i.e. of facilitation of transactions between sellers and buyers for the ordering of goods for a fee or commission without supplying or taking ownership of the goods and services intermediated including: activities of commission agents, commodity brokers and other wholesalers trading on the account of others without owning the intermediated goods at any time. This group also includes activities of bringing sellers and buyers together and activities of undertaking commercial transactions on the account of a principal, including on the internet. Activities of central purchasing units, if they are only intermediaries and do not own the goods and activities of wholesale auctioneering houses of third-party goods, including internet wholesale auctions.

What 461 excludes

• However, this group excludes wholesale on own account (see groups 462-469) , activities of commission agents who assumes ownership of the goods, even if they are acting in the name of a third party (see groups 462-469) , activities of opaque intermediaries (intermediaries that are acting in the name of a third party) (see groups 462-469) , intermediation service activities for retail trade (see group 479) , intermediation service activities for real estate activities (see class 6821) and websites providing searches for goods that link the customers to sellers.

461 in other systems