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FINANCE COMPANIES

Statistics Directorate    
Definition:
Finance companies are institutional units primarily engaged in the extension of credit to non-financial corporations and households.

Context:
Many finance companies are captive subsidiaries that raise funds to be used by the parent corporations.

Captive finance companies that are separate institutional units and that do not issue liabilities included in broad money should be classified as other financial intermediaries.

Finance companies that are not separate should be included as part of the parent corporations in the appropriate subsector.

Source Publication:
Monetary and Financial Statistics Manual, IMF, Washington, 2000, para. 100.

Hyperlink:
http://www.imf.org/external/pubs/ft/mfs/manual/index.htm

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Wednesday, March 05, 2003