Activities of financing conduits
Use this class for activities of financing conduits when the main activity includes Activities of captive financial institutions involved in intragroup lending and 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. Check exclusions and nearby codes before applying it to a mixed activity.