NAICS Canada 526981—Securitization vehicles

Where 526981 sits

1. 52 Finance and insurance
2. 526 Funds and other financial vehicles
3. 5269 Other funds and financial vehicles
4. 52698 All other funds and financial vehicles
5. 526981 Securitization vehicles

Description

This Canadian industry comprises special purpose financial vehicles organized for the acquisition of pools of receivables and the issuance of marketable fixed-income securities. These receivables are generally loans made to persons and/or businesses, such as credit card receivables, automobile and equipment loans and leases, and residential and commercial mortgages. These securities are broadly referred to as asset-backed securities.

What 526981 excludes

• Factoring of receivables (see 522299 all other non-depository credit intermediation (can))

Example activities

• securitization vehicles

526981 in other systems