SAC Code 997113 - Credit-granting services including stand-by commitment, guarantees & securities
- 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 997113 is used for Credit-granting services including stand-by commitment, guarantees & securities.
Additional Notes on the SAC code 997113
Cred it-granting services including stand -by commitment, guarantees & securities This service code includes: - issuing and physical management of loans . These services may be provided by a number of different types of lenders, including, for example, banks an d insurance companies. - granting of loans for which the land or buildings are used as security - home equity loans - granting of personal non -mortgage installment loans with scheduled repayment plans - line-of-credit loan services, that is, loan servi ces based on a commitment to lend funds to a borrower up to a specified amount - consumer loan services, that is, loan services extended for financing consumer purchases of goods or services where the purchased good is generally used as collateral - granting credit when the holder of a credit card uses it to buy a good or a service, regardless of whether the balance is paid in full at the end of the grace period - granting loans to investment dealers and brokers, regulated financial institutions, federa l, regional and local governments or non -profit institutions, foreign governments, and other businesses - standby, commitment and other loan services including overdraft services - providing letters of credit - acceptance services, that is, agreements b y a bank or other financial institution to pay a draft or a credit instrument issued by an institution - sales financing services - other credit -granting services n.e.c. This service code does not include: - real e state appraisal services, cf.99 7224
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 |