OTHER FINANCIAL SERVICES ACTIVITIES (EXCEPT INSURANCE AND PENSION FUNDING ACTIVITIES)

This sub-class includes 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. Such leases cover all or virtually all costs including interest. Finance leasing differs from rental business in that units engaged in rental business keep stock of and take title to the goods they rent. However, units engaged in finance leasing do not keep stock of the goods they leased. Instead, they finance their clients in the purchase of durable goods such as vehicles, machinery or equipment from outlets of clients' choice. The finance leasing companies (lessor) maintains ownership of the asset. After the terms of leasing expire, the ownership of the goods may or may not be transferred to the clients (lessee).

This sub-class includes financial loan activities by thrift and/or loan societies and/or credit associations.

This sub-class includes financial service activities where the granting of credit is in the form of issuing of credit cards.

This sub-class includes financial service activities where the granting of credit by mutual benefits organisations.

This sub-class includes: - money lending outside the banking system - personal loan companies

This sub-class includes pawnshops and/or pawnbrokers.

This sub-class includes other credit granting not elsewhere classified. Examples: - finance company without depository functions - motor financing - international trade financing

This sub-class includes: - factoring activities - debt factoring and/or invoice discounting

This sub-class includes local representative offices of foreign banks.

This sub-class includes remittance services.

This sub-class includes centralised treasury management activities, such as by treasury centres.

This sub-class includes other financial services not elsewhere classified. Examples: - writing of swaps, options and/or other hedging arrangements - activities of viatical settlement companies - own-account investment activities, such as by securitisation companies, investment clubs, angel investors - trading of fungible crypto assets designed to act as a general medium of exchange including cryptocurrencies and/or digital payment tokens