Class · NACE Rev. 2.1 / TEÁOR'25
64.22 Activities of financing conduits
Description
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.
This class also includes
- 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
This class excludes
- management services of public funds and public debt, see 84.11