NAF 64.22Y—Activities of conduit financing

Where 64.22Y sits

1. L Financial and insurance activities
2. 64 Activities of financial services, excluding insurance and pension funds
3. 64.2 Activities of holding company and conducts financing
4. 64.22 Activities of conduit financing
5. 64.22Y Activities of conduit financing

What 64.22Y includes

• The activities of the ducts of funding, that is to say, of the units created by a group of financial or non-financial to raise or borrow money (often on the open market) and remit such funds to their parent company or other entity in the group.
• Activities of financial institutions captive involved in intercompany loans
• Companies, or "mailbox" that collect funds and distribute them to their parent company, that is to say, the units held (directly or indirectly) by a unit non-resident, including a large part of the balance sheet is made up of receivables and payables to non-resident units, and who have few or no employees and little or no physical presence in the jurisdiction in which they are formed

What 64.22Y excludes

• The services of management of public funds and public debt, see 84.11Y

64.22Y in other systems