Financial services classification clarifies service code scope, inclusions and exclusions for regulatory compliance. Service Code 99711 classifies financial services (except investment banking, insurance services and pension services) into subcodes: 997111 central banking services (covering payment clearing, deposit maintenance for major institutions and government, monetary policy implementation, reserve and currency management, fiscal agency functions and supervisory activities); 997112 deposit services (demand, notice and term deposits, account administration and cheque processing, with specified exclusions); 997113 credit-granting services (loan types, credit facilities, letters of credit and acceptance services); 997114 financial leasing; and 997119 other financial services.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Financial services classification clarifies service code scope, inclusions and exclusions for regulatory compliance.
Service Code 99711 classifies financial services (except investment banking, insurance services and pension services) into subcodes: 997111 central banking services (covering payment clearing, deposit maintenance for major institutions and government, monetary policy implementation, reserve and currency management, fiscal agency functions and supervisory activities); 997112 deposit services (demand, notice and term deposits, account administration and cheque processing, with specified exclusions); 997113 credit-granting services (loan types, credit facilities, letters of credit and acceptance services); 997114 financial leasing; and 997119 other financial services.
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