SAC Code 997111 - Central banking services
- The first two digits of the SAC code are 99 which represents all services.
- The first four digits of the SAC code are 9971 which represent the services that come under the heading, Financial and related services.
- The complete six digit SAC code 997111 is used for Central banking services.
Additional Notes on the SAC code 997111
Central banking services This service code includes - services which support the country's systems for clearing and settling payments and other financial transactions - services of maintaining deposit accounts for major financial institutions and for the central government - services of implementing monetary policy - services of managing the government's foreign exchange reserves - services of influencing the value of currency - currency services under the authority of the central bank, including currency design and production, issuing, distribution and replacement - fiscal agency services including advisory services to the government on matters relating to the public debt, issuing debt instruments, maintaining bondholder records and making interest and redemption payments on behalf of the government - supervisory activities with regard to banks and/or non -banks if undertaken by the central bank - other central banki ng services n.e.c.
This SAC code comes under the SAC heading - 9971 - Financial and related services
This heading contains the following SAC Codes -
SAC Code | Description |
---|---|
997111 | Central banking services |
997112 | Deposit services |
997113 | Credit-granting services including stand-by commitment, guarantees & securities |
997114 | Financial leasing services |
997119 | Other financial services (except investment banking, insurance services and pension services) |
997120 | Investment banking services |
997131 | pension services |
997132 | Life insurance services (excluding reinsurance services) |
997133 | Accident and health insurance services |
997134 | Motor vehicle insurance services |
997135 | Marine, aviation, and other transport insurance services |
997136 | Freight insurance services & Travel insurance services |
997137 | Other property insurance services |
997139 | Other non-life insurance services (excluding reinsurance services) |
997141 | Life reinsurance services |
997142 | Accident and health reinsurance services |
997143 | Motor vehicle reinsurance services |
997144 | Marine, aviation and other transport reinsurance ser |
997145 | services |
997146 | Freight reinsurance services |
997147 | Other property reinsurance services |
997149 | Other non-life reinsurance services |
997151 | Services related to investment banking such as mergers & acquisition services, corporate finance & venture capital services |
997152 | Brokerage and related securities and commodities services including commodity exchange services |
997153 | Portfolio management services except pension funds |
997154 | Trust and custody services |
997155 | Services related to the administration of financial markets |
997156 | Financial consultancy services |
997157 | Foreign exchange services |
997158 | Financial transactions processing and clearing house services |
997159 | Other services auxiliary to financial services |
997161 | Insurance brokerage and agency services |
997162 | Insurance claims adjustment services |
997163 | Actuarial services |
997164 | Pension fund management services |
997169 | Other services auxiliary to insurance and pensions |
997171 | Services of holding equity of subsidiary companies |
997172 | Services of holding securities and other assets of trusts and funds and similar financial entities |