Presentation on theme: "CPC Concepts and Coding Issues: Division 71: Division 72: Financial and related services Real estate services."— Presentation transcript:
CPC Concepts and Coding Issues: Division 71: Division 72: Financial and related services Real estate services
Breakdown of Section 7 Division 71 – Financial and related services Division 72 – Real estate services Division 73 – Leasing or rental services without operator
Division 71 – Financial and related services Considered products of ISIC Rev.4 industry K Since CPC Ver.1.1: significant increase in detail (but much was already present as an alternative structure in CPC Ver.1.1) Other structural changes: Pension fund management moved from portfolio management to services auxiliary to insurance and pension. New group dealing with holding services
Division 71 – Financial and related services 711 financial services, except investment banking, insurance and pension services 712 Investment banking services 713 Insurance and pension services 714 Reinsurance services Main services Auxiliary services Investment banking Other financial services Insurance 717 Services of holding financial assets Holding
Group 711 – Financial services, except investment banking, insurance and pension services 711 – Financial services, except investment banking, insurance and pension services – Central banking services Deposit services – Corporate/institutional – Other Credit granting MortgageNon-Mortgage – Residential – Personal, non-business – Business – Non-residential – Credit Card – Other – Financial leasing services – Other financial services, except investment banking, insurance services and pension services
Auxiliary services related to group – Services auxiliary to financial services other than to insurance and pension: Class – Brokerage and related services – Securities – Commodity – Processing/clearing of securities transactions – Portfolio management services except pension funds – Trust services – Custody services 7155 – Administration of financial markets – Operational – Regulatory – Other – Financial consultancy services – Foreign exchange services – Financial transactions processing and clearinghouse services – Other services auxiliary to financial services n.e.c.
Class 7151 – Services related to group – Services related to investment banking – Mergers and acquisition services – Corporate finance and venture capital services – Other services related to investment banking
Group 713 and 714 – Insurance and reinsurance Insurance Topic713 - Insurance and pension services714 – Reinsurance services Life and pension 71*1 Life71311 – Life insurance services71410 – Life reinsurance services Pension – Individual pension services – Group pension services Accident and health 71*2 Accidental death – Accidental death and dismemberment insurance services – Accident and health reinsurance services Health71322 – Health insurance services Other non-life 71*3 Motor vehicle71331 – Motor vehicle insurance services – Motor vehicle reinsurance services Marine / aviation / other transport – Marine, aviation, and other transport insurance services – Marine, aviation and other transport reinsurance services Freight71333 – Freight insurance services71433 – Freight reinsurance services Other property71334 – Other property insurance services – Other property reinsurance services General liability71335 – General liability insurance services – General liability reinsurance services Credit and surety – Credit and surety insurance services – Credit and surety reinsurance services Travel71337 – Travel insurance services Other71339 – Other non-life insurance services – Other non-life reinsurance services   Reinsurance is:
Group 716 – Services auxiliary to insurance and pension   Reinsurance is: 716 – Services auxiliary to insurance and pension – Insurance brokerage and agency services – Insurance claims adjustment services – Actuarial services – Pension fund management services – Other services auxiliary to insurance and pensions
Group 716 – Services of holding financial assets   Reinsurance is: 717 – Services of holding financial assets – Services of holding equity of subsidiary companies – Services of holding securities and other assets of trusts and funds and similar financial assets
Division 71 – Boundary issues Voluntary health insurance services and pension services compulsory social security. Financial leasing operational leasing
Division 72 – Real estate services Considered products of ISIC Rev.4 industry L Internal structure makes distinction between: services involving own (or leased) property, and those carried out on a fee or contract basis. residential and non-residential property rental/leasing/management and trade/sale CPC Ver.2 introduces the concept of time share
Division 72 – Real estate services Own or leased propertyFee/contract basis Rental/leasingTradeManagementSale Residential Non-residential Time share Vacant Land Appraisal services 72240
Division 72 – Real estate services Boundary between rental/leasing and accomodation services in section 6. Theoretically we want a distinction based on permanent residence. However, difficult to obtain data, so in practice use other criteria that approximate this as close as possible.