/ K / FINANCIAL AND INSURANCE ACTIVITIES

K – FINANCIAL AND INSURANCE ACTIVITIES

see note: K

Financial service activities, except insurance and pension funding

see note: 64.

Monetary intermediation

see note: 64.1

64.11 Central banking see note: 64.11

issuing and managing the country’s currency

monitoring and control of the money supply

taking deposits that are used for clearance between financial institutions

supervising banking operations

holding the country’s international reserves

acting as banker to the government

The activities of central banks will vary for institutional reasons.

64.19 Other monetary intermediation see note: 64.19

banks

savings banks

credit unions

postal giro and postal savings bank activities

credit granting for house purchase by specialised deposit-taking institutions

money order activities

Activities of holding companies

64.20 Activities of holding companies see note: 64.20

Activities of holding companies (holding companies)

activities of holding companies, ie units that hold the assets of a group of subsidiaries (through ownership of a controlling interest in the share capital), and the principal business of which is to hold the properties of the group

holding companies included in this category do not provide other services to the companies in which they hold the capital, that they do not administer or manage other units

Trusts, funds and similar financial entities

64.30 Trusts, funds and similar financial entities see note: 64.30

open-end investment funds

closed-end investment funds

unit investment trust funds

trusts, estates or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will or agency agreement

Other financial service activities, except insurance and pension funding

see note: 64.9

64.91 Financial leasing

leasing where the term approximately covers the expected life of the asset and the lessee acquires substantially all the benefits of its use and takes all the risks associated with its ownership. The ownership of the asset may or may not eventually be transferred. Such leases cover all or virtually all costs including interest.

64.92 Other credit granting

financial service activities primarily concerned with making loans by institutions not involved in monetary intermediation, where the granting of credit can take a variety of forms, such as loans, mortgages, credit cards etc., providing the following types of services: granting of consumer credit, international trade financing, provision of long-term finance to industry by industrial banks, money lending outside the

banking system, credit granting for house purchase by specialised non-depository institutions, pawnshops and pawnbrokers

64.99 Other financial service activities, except insurance and pension funding n.e.c. see note: 64.99

other financial service activities primarily concerned with distributing funds other than by making loans: factoring activities, writing of swaps, options and other hedging arrangements, activities of viatical settlement companies

own-account investment activities, such as by venture capital companies, investment clubs etc.

Insurance, reinsurance and pension funding, except compulsory social security

see note: 65.

Insurance

see note: 65.1

65.11 Life insurance

underwriting annuities and life insurance policies, disability income insurance policies, and accidental death and dismemberment insurance policies (with or without a substantial savings element)

65.12 Non-life insurance

provision of insurance services other than life insurance: accident and fire insurance, health insurance, travel insurance, property insurance, motor, marine, aviation and transport insurance, pecuniary loss and liability insurance

Reinsurance

65.20 Reinsurance

activities of assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers

Pension funding

65.30 Pension funding

employee benefit plans

pension funds and plans

retirement plans

Activities auxiliary to financial services and insurance activities

see note: 66.

Activities auxiliary to financial services, except insurance and pension funding

see note: 66.1

66.11 Activities auxiliary to financial services, except insurance and pension funding

commodity contracts exchanges

futures commodity contracts exchanges

securities exchanges

stock exchanges

stock or commodity options exchanges

66.12 Security and commodity contracts brokerage

dealing in financial markets on behalf of others (e.g. stock broking) and related activities

securities brokerage

commodity contracts brokerage

activities of bureaux de change etc.

dealing in financial markets on behalf of others (e.g. stock broking) and related activities

66.19 Other activities auxiliary to financial services, except insurance and pension funding see note: 66.19

financial transaction processing and settlement activities, including for credit card transactions

investment advisory services

activities of mortgage advisers and brokers

trustee, fiduciary and custody services on a fee or contract basis

financial transaction processing and settlement activities, including for credit card transactions

Activities auxiliary to insurance and pension funding

see note: 66.2

66.21 Risk and damage evaluation see note: 66.21

assessing insurance claims, claims adjusting, risk assessing, risk and damage evaluation, average and loss adjusting

settling insurance claims

66.22 Activities of insurance agents and brokers see note: 66.22

activities of insurance agents and brokers (insurance intermediaries) in selling, negotiating or soliciting of annuities and insurance and reinsurance policies

66.29 Other activities auxiliary to insurance and pension funding

activities involved in or closely related to insurance and pension funding (except financial intermediation, claims adjusting and activities of insurance agents): salvage administration, actuarial services

activities involved in or closely related to insurance and pension funding (except financial intermediation, claims adjusting and activities of insurance agents):

Fund management activities

66.30 Fund management activities see note: 66.30

management of mutual funds

management of other investment funds

management of pension funds