SBI 64.92.3—Activities of participation companies

Where 64.92.3 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. 64.92 Other credit granting
5. 64.92.3 Activities of participation companies

What 64.92.3 includes

• The provision of private loans and risk-bearing capital in combination with advising on and supporting the policy of the legal entity in which the participation takes place and the raising of funds for that purpose with a long term, primarily in the form of equity.
• Financial services primarily relating to intermediation through the assumption of obligations, other than currency, deposits or closely related alternatives to deposits, where the granting of credit may take various forms, e.g. loans, mortgages, credit cards, and the following types of services are provided: • provision of long-term financing to industry • lending of money outside the banking system • loan securitisation

What 64.92.3 excludes

• Activities of mortgage banks and building societies, 64921
• Activities of public credit banks and commercial financing companies, 64922
• Activities of exchange brokers and other lending, 64924
• Lending by specialized deposit institutions, 6419
• Financial lease, 6491
• Securitisation of assets other than loans, 6499
• Operational leasing, based on the type of goods being leased, division 77
• Granting of subsidies by member organizations, 9499

64.92.3 in other systems