MSIC 6419—Other monitory intermediation

Where 6419 sits

1. L Financial and Insurance/Takaful Activities
2. 64 Financial service activities, except insurance and pension funding
3. 641 Monetary intermediation
4. 6419 Other monitory intermediation

Contains 6 narrower codes

• 64191 Commercial Banks
• 64192 Islamic Banks
• 64193 Offshore Banks
• 64194 Investment Banks
• 64195 Development financial institutions (with deposits taking functions)
• 64199 Other monetary intermediation (with deposits taking functions) n.e.c.

What 6419 includes

• Receiving of deposits and/or close substitutes for deposits and extending of credit or other forms of lending funds. The granting of credit can take a variety of forms, such as loans mortgages, consumer credit cards etc. These activities are generally carried out by monetary institutions other than central banks, such as commercial banks, saving banks, credit cooperatives and unions
• Money order activities
• Postal giro and postal saving banks activities
• Credit granting by specialised deposit-taking institutions, e.g. for house purchases

What 6419 excludes

• Credit granting by specialised non-depository institutions, e.g. for house purchases, see 64920
• Credit card transaction processing and settlement activities, see 66193

6419 in other systems