NACE-BEL 64.910—Financial leasing

Where 64.910 sits

1. L Financial and insurance activities
2. 64 Financial service activities, except insurance and pension funding
3. 64.9 Other financial service activities, except insurance and pension funding
4. 64.91 Financial leasing
5. 64.910 Financial leasing

What 64.910 includes

• This subclass includes leasing activities, a contract under which the lessor, as the legal owner of an asset, transfers the risks and rewards of ownership of the asset to the lessee. In a lease agreement, the lessor is deemed to be granting the lessee a loan, thereby enabling the lessee to acquire all the economic benefits and risks of the lease. Subsequently, the leased asset appears on the lessee's balance sheet, not the lessor's; the corresponding loan appears as an asset of the lessor and a liability of the lessee.
• The leasing of durable goods (e.g., vehicles)

What 64.910 excludes

• Leasehold, depending on the type of property leased, see division 77

64.910 in other systems