SNI 64.22—Activities of financing conduits

Where 64.22 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

Contains 1 narrower code

• 64.220 Activities of financing conduits

What 64.22 includes

• This class includes the activities of financing conduits, in other words, units created by a financial or non-financial group to raise or borrow funds (often on the open market) and to remit those funds to their parent or another entity within the group.
• Activities of captive financial institutions involved in intragroup lending
• Brass plate companies engaged in raising funds and remitting those funds to their parent, i.e. units that are owned (directly or indirectly) by a non-resident unit, of which a large part of the balance sheet consists of claims and liabilities towards non-resident units, and that have few or no employees and little or no physical presence in the jurisdiction of incorporation

What 64.22 excludes

• Management services of public funds and public debt, see 84.11

64.22 in other systems