64 – Financial service activities, except insurance and pension funding

This class includes: - issuing and managing banknotes and digital currency - conducting monetary policy, including monitoring and control of the money supply - promoting financial stability - taking deposits that are used for clearance between monetary intermediaries - supervising banking or non-banking monetary operations, unless performed by some other entity - holding the country’s international reserves - acting as banker to the government · This class also includes: - activities of central banks, currency boards and central monetary agencies · This class excludes: - operation and supervision of financial markets other than by central banks and public authorities, see 66.11 - financial supervisory activities for insurance and pension funding (not by the central bank), see 66.29 - financial regulation relating to the conduct of business and consumer protection and other wider financial regulatory activities, see 84.13 - activities of international organisations (e.g. the World Bank), see 99.00

This class includes the receiving of deposits and/or close substitutes for deposits and extending of credit or other forms of lending funds. The granting of credit can take a variety of forms (for example, loans, mortgages, consumer credit cards, and so on). These activities are generally carried out by monetary institutions other than central banks, for example: - banks - savings banks - credit cooperatives and unions · This class also includes: - activities of postal banks (e.g. for giro (current) and savings accounts) - credit granting by specialised deposit-taking institutions (e.g. for house purchases, agriculture) - money order activities · This class excludes: - credit granting by specialised non-depository institutions (e.g. for house purchases), see 64.92 - credit card transaction processing and settlement activities, see 66.19

This class includes the activities of holding companies, in other words, units that hold the assets (owning controlling levels of equity) of one or more subsidiaries and whose only purpose is owning subsidiaries. The holding companies in this class do not provide any other service to the enterprises in which the equity is held, in other words, they do not administer or manage other units. · This class excludes: - activities of shareholding companies, not owning controlling levels of equity, see 64.32 - dealing in financial markets on own account, see 64.99 - activities of asset management on a fee or contract basis, see 66.30 - provision of managerial services (e.g. strategic planning, decision-making and administrative services of a head office), see 70.10 - active management of companies and enterprises, strategic planning and decision-making of the company, see 70.10

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

This class includes activities of money market and non-money market investment funds, in other words, collective investment schemes that raise funds by issuing shares or units to the public, of which the proceeds are invested primarily in financial assets (including short-term assets). · This class includes: - open-end investment funds - closed-end investment funds - unit and investment trusts · This class excludes: - activities of holding companies, see 64.21 - activities of non-majority shareholding companies, not owning controlling levels of equity, see 64.32 - trusts, estate and agency accounts not acting as collective investment schemes, see 64.32 - activities of venture capital companies, see 64.99 - pension funding, see 65.30 - management of funds, see 66.30

This class includes legal entities, not acting as collective investment schemes, organised to pool securities, estates and other financial assets, without managing, on behalf of shareholders or beneficiaries. The portfolios are customised to achieve specific investment characteristics (for example, diversification, risk, rate of return, price volatility). These entities earn interest, dividends and other property income but have little or no employment and no revenue from the sale of services. · This class includes: - trusts, estates and agency accounts, administered on behalf of multiple beneficiaries under the terms of a trust agreement, will or agency agreement · This class also includes: - activities of shareholding companies, not owning controlling levels of equity - venture capital companies where the only financing is by shares and no fee is received · This class excludes: - raising funds by issuing shares or units and acting as collective investment schemes, see 64.31

This class includes the activities of financial leasing, a contract under which the lessor as legal owner of an asset conveys the risks and benefits of ownership of the asset to the lessee. Under a financial lease, the lessor is deemed to make, to the lessee, a loan with which the lessee acquires all the economic benefits and risks of the lease. Thereafter, the leased asset is shown on the balance sheet of the lessee and not the lessor; the corresponding loan is shown as an asset of the lessor and a liability of the lessee. · This class also includes: - financial leasing of durable goods (e.g. vehicles) · This class excludes: - operating leasing, according to type of goods leased, see division 77

This class includes: - financial service activities primarily concerned with making intermediation by incurring liabilities – in forms other than currency, deposits or close substitutes for deposits – where the granting of credit can take a variety of forms (e.g. loans, mortgages, credit cards), providing the following types of services: • granting of consumer credit by non-depository institutions • international trade financing • provision of long-term finance to industry • provision of banking-like services without a banking license, in cooperation with a licensed bank • money lending outside the banking system • credit granting by specialised non-depository institutions (e.g. for house purchases) • loan securitisation • factoring and supply chain financing activities • activities of pawnbrokers · This class excludes: - credit granting by specialised deposit-taking institutions, see 64.19 - financial leasing, see 64.91 - securitisation of assets other than loans, see 64.99 - operating leasing, according to type of goods leased, see division 77 - grant-giving activities by membership organisations, see 94.99