Ontology: Social Order
Neighbours: Financial Services
Relevant hashtags:
- L - Financial and insurance activities,
- #cofog0112 - Financial and fiscal affairs (CS),
- #cofog0411 - General economic and commercial affairs (CS),
- #cpc71 - Financial and related services and
- #sdg10 - Reduce inequality within and among countries.
Financial assets and liabilities (AF.)1
Financial assets are economic assets comprising means of payment, financial claims and economic assets which are close to financial claims in nature.
Means of payment consist of monetary gold, special drawing rights, currency and transferable deposits.
Financial claims entitle their owners, the creditors, to receive a payment or series of payments without any counter-performance from other institutional units, the debtors, who have incurred the counterpart liabilities.
Examples of economic assets which are close to financial claims in nature are financial derivatives and shares and other equity.
Relevant services included in the Central Product Classification include:
#cpc71 - Financial and related services
-
#cpc711 - Financial services, except insurance services and pension services
- #cpc7111 - Central banking services
- #cpc7112 - Deposit services
-
#cpc7113 - Non-business credit-granting services
- #cpc71131 - Residential mortgage loan services
- #cpc71132 - Non-residential mortgage loan services
- #cpc71133 - Personal non-mortgage loan services for non-business purposes
- #cpc71134 - Credit card loan services
- #cpc71135 - Non-mortgage loan services for business purposes
- #cpc71139 - Other non-business credit-granting services
- #cpc7114 - Financial leasing services
- #cpc7119 - Other financial services, except insurance services and pension services
- #cpc712 - Investment banking services
-
#cpc713 - Insurance and pension services (excluding reinsurance services), except compulsory social security services
- #cpc7131 - Life insurance and pension services (excluding reinsurance services)
- #cpc7132 - Accident and health insurance services
-
#cpc7133 - Other non-life insurance services (excluding reinsurance services)
- #cpc71331 - Motor vehicle insurance services
- #cpc71332 - Marine, aviation, and other transport insurance services
- #cpc71333 - Freight insurance services
- #cpc71334 - Other property insurance services
- #cpc71335 - General liability insurance services
- #cpc71336 - Credit and surety insurance services
- #cpc71337 - Travel insurance services
- #cpc71339 - Other non-life insurance services
-
#cpc714 - Reinsurance services
- #cpc7141 - Life reinsurance services
- #cpc7142 - Accident and health reinsurance services
-
#cpc7143 - Other non-life reinsurance services
- #cpc71431 - Motor vehicle reinsurance services
- #cpc71432 - Marine, aviation and other transport reinsurance services
- #cpc71433 - Freight reinsurance services
- #cpc71434 - Other property reinsurance services
- #cpc71435 - General liability reinsurance services
- #cpc71436 - Credit and surety reinsurance services
- #cpc71439 - Other non-life reinsurance services, n.e.c.
-
#cpc715 - Services auxiliary to financial services other than to insurance and pensions
- #cpc7151 - Services related to investment banking
- #cpc7152 - Brokerage and related securities and commodities services
- #cpc7153 - Portfolio management services except pension funds
- #cpc7154 - Trust and custody services
- #cpc7155 - Services related to the administration of financial markets
-
#cpc7159 - Other services auxiliary to financial services
- #cpc71591 - Financial consultancy services
- #cpc71592 - Foreign exchange services
- #cpc71593 - Financial transactions processing and clearinghouse services, excluding mobile money operators and digital wallets
- #cpc71594 - Services of mobile money operators and digital wallets utilizing financial information
- #cpc71599 - Other services auxiliary to financial services n.e.c.
- #cpc716 - Services auxiliary to insurance and pensions
- #cpc717 - Services of holding financial assets
The backlinks below usually do not include the child and sibling items, nor the pages in the breadcrumbs.
- Currency and deposits
- Financial Markets
- Financial Services
- Institutions
- Insurance technical reserves
- Learning in the age of digital interdependence
- Loans
- Method & Overview
- Monetary gold and SDRs
- Ontological Order
- Other accounts receivable/payable
- Securities other than shares
- Shares and other equity
- Social Order (scope)
- Societal architecture
See the ebook (February 2012) by Knowledge@Wharton and Ernst & Young.
Jan Goossenaerts
@collaboratewiki
On stability in the financial system and regulation of the financial assets and liabilities listed below, see the article by Nicholas Beale, David G. Rand, Heather Battey, Karen Croxson, Robert M. May, and Martin A. Nowak, at: http://www.pnas.org/content/108/31/12647
Footnote: Regulation is an "institutional" interaction of the social order with a collective impact in that order.
Jan Goossenaerts
@collaboratewiki