NACE-BEL 64.220—Activities of financing conduits

Where 64.220 sits

1. L Financial and insurance activities
2. 64 Financial service activities, except insurance and pension funding
3. 64.2 Activities of holding companies and financing conduits
4. 64.22 Activities of financing conduits
5. 64.220 Activities of financing conduits

What 64.220 includes

• This subclass includes the activities of financing conduits, in other words, entities created by a financial or non-financial group to raise or borrow funds (often on the open market) and hand over these funds to their parent entity or another entity within the group.
• The activities of captive financial institutions involved in intragroup lending
• Shell companies that raise funds and remit them to their parent entity, i.e., entities owned (directly or indirectly) by a non-resident entity, a large portion of whose balance sheet consists of receivables and liabilities to non-resident entities, and which have few or no employees and little or no physical presence in the jurisdiction where they were incorporated.

What 64.220 excludes

• Public fund and public debt management services, see 84.11

64.220 in other systems