NIC 649300 - Activities of specialised factoring company or other financial organization engaged in recourse or non-recourse factoring i.e. the activity of purchasing accounts receivable (invoices) from third parties at a discount (factoring).

NIC 649300 classifies activities of specialised factoring company or other financial organization engaged in recourse or non-recourse factoring i.e. the activity of purchasing accounts receivable (invoices) from third...

Key Facts

649300 at a Glance

Code 649300

Official title Activities of specialised factoring company or other financial organization engaged in recourse or non-recourse factoring i.e. the activity of purchasing accounts receivable (invoices) from third parties at a discount (factoring).

Version NIC 2025

Source authority MoSPI

Section L - Financial and insurance activities

Division 64 - Financial service activities, except insurance and pension funding

Group 649 - Other financial service activities, except insurance and pension funding activities

Class 6493 - Factoring Activities

Level Sub-class

Depth 5/5

Children 0

Last verified 2026-04-21

Official note

Class 6493 note from source layer

This class covers the activity of purchasing accounts receivable (i.e., invoices) from third parties at a discount. This class excludes: - debt financing undertaken with account receivables as collateral, see 6495