1. CPC Concepts and Coding Issues: Division 71: Division 72: Financial and related services Real estate services

2. Breakdown of Section 7 Division 71 – Financial and related services Division 72 – Real estate services Division 73 – Leasing or rental services without operator

3. 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

4. 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 7152- 7159 7151716 Main services Auxiliary services Investment banking Other financial services Insurance 717 Services of holding financial assets Holding

5. Group 711 – Financial services, except investment banking, insurance and pension services 711 – Financial services, except investment banking, insurance and pension services 71110 – Central banking services Deposit services 71121 – Corporate/institutional 71122 – Other Credit granting MortgageNon-Mortgage 71131 – Residential 71133 – Personal, non-business 71135 – Business 71132 – Non-residential 71134 – Credit Card 71139 – Other 71140 – Financial leasing services 71190 – Other financial services, except investment banking, insurance services and pension services 711 712713714 7152 - 7159 7151716 717

6. Auxiliary services related to group 711 711 712713714 7152 - 7159 7151716 717 715 – Services auxiliary to financial services other than to insurance and pension: Class 7152 - 7159 7152 – Brokerage and related services 71521 – Securities 71522 – Commodity 71523 – Processing/clearing of securities transactions 71530 – Portfolio management services except pension funds 71541 – Trust services 71542 – Custody services 7155 – Administration of financial markets 71551 – Operational 71552 – Regulatory 71559 – Other 71591 – Financial consultancy services 71592 – Foreign exchange services 71593 – Financial transactions processing and clearinghouse services 71599 – Other services auxiliary to financial services n.e.c.

7. Group 712 – Investment banking services 711 712713714 7152 - 7159 7151716 717 712 – Investment banking services 71200 – Investment Banking services

8. Class 7151 – Services related to group 712 711 712713714 7152 - 7159 7151716 717 7151 – Services related to investment banking 71511 – Mergers and acquisition services 71512 – Corporate finance and venture capital services 71519 – Other services related to investment banking

9. Group 713 and 714 – Insurance and reinsurance 711 712713714 7152 - 7159 7151716 717 Insurance Topic713 - Insurance and pension services714 – Reinsurance services Life and pension 71*1 Life71311 – Life insurance services71410 – Life reinsurance services Pension 71312 – Individual pension services 71313 – Group pension services Accident and health 71*2 Accidental death 71321 – Accidental death and dismemberment insurance services 71420 – Accident and health reinsurance services Health71322 – Health insurance services Other non-life 71*3 Motor vehicle71331 – Motor vehicle insurance services 71431 – Motor vehicle reinsurance services Marine / aviation / other transport 71332 – Marine, aviation, and other transport insurance services 71432 – Marine, aviation and other transport reinsurance services Freight71333 – Freight insurance services71433 – Freight reinsurance services Other property71334 – Other property insurance services 71434 – Other property reinsurance services General liability71335 – General liability insurance services 71435 – General liability reinsurance services Credit and surety 71336 – Credit and surety insurance services 71436 – Credit and surety reinsurance services Travel71337 – Travel insurance services Other71339 – Other non-life insurance services 71439 – Other non-life reinsurance services [1] [1] Reinsurance is:

10. Group 716 – Services auxiliary to insurance and pension [1] [1] Reinsurance is: 716 – Services auxiliary to insurance and pension 71610 – Insurance brokerage and agency services 71620 – Insurance claims adjustment services 71630 – Actuarial services 71640 – Pension fund management services 71690 – Other services auxiliary to insurance and pensions 711 712713714 7152 - 7159 7151716 717

11. Group 716 – Services of holding financial assets [1] [1] Reinsurance is: 717 – Services of holding financial assets 71701 – Services of holding equity of subsidiary companies 71702 – Services of holding securities and other assets of trusts and funds and similar financial assets 711 712713714 7152 - 7159 7151716 717

12. Division 71 – Boundary issues Voluntary health insurance services and pension services compulsory social security. Financial leasing operational leasing

13. 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

14. Division 72 – Real estate services Own or leased propertyFee/contract basis Rental/leasingTradeManagementSale Residential72111721217221172221 Non-residential72112721227221272222 Time share721237221372223 Vacant Land7213072230 Appraisal services 72240

15. 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.