Activities of holding companies and financing conduits

This group includes the activities of holding companies and financing conduits. These are corporate groups’ captive financial entities, in other words, units created by a financial or non-financial group to fulfil specific financial activities and whose main activity is, respectively, to own the group or to act as a vehicle to arrange and channel funds within the group.

This group excludes:

• captive factoring and invoicing companies, see 64.92
• own account investment activities (e.g. by venture capital companies, private equity firms), see 64.99
• active management of companies and enterprises, strategic planning and decision-making of the company, see 70.10
• other activities of corporate groups’ captive financial entities, which are captured under the relevant activity classes