NIC 649902 - Activities of acting as a counterparty for clearing and settlement of transactions

NIC 649902 classifies activities of acting as a counterparty for clearing and settlement of transactions as a final six-digit business activity under Section L and Division 64. Use it when this activity is the main...

Key Facts

649902 at a Glance

Code 649902

Official title Activities of acting as a counterparty for clearing and settlement of transactions

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 6499 - Other financial service activities n.e.c., except insurance and pension funding activities

Level Sub-class

Depth 5/5

Children 0

Last verified 2026-04-21

In this section

649901

Activities of investment and trading activities on Own-account, e.g., venture capital companies or investment clubs

649902

Activities of acting as a counterparty for clearing and settlement of transactions

649903

Activities of dealing in financial markets by individuals

649904

Activities of trade of receivables by individuals

649905

Activities of Securities and derivatives operated by individuals

649906

Activities of securitization transactions of assets other than loans by issuing financial instruments

649907

Activities of Issuing of crypto assets with a corresponding liability (not by a monetary authority)

649908

Activities of trading of crypto assets with a corresponding liability by individuals

649999

Other financial service activities n.e.c., except insurance and pension funding activities

← 649901 649903 →

Official note

Class 6499 note from source layer

This class excludes: - issuing of crypto assets without a corresponding liability (not by a monetary authority), see 6310 - financial leasing, see 6491 - securitisation, see 6494 - security and commodity contracts dealing on behalf of others (brokerage), see 6612 - activities of currency exchanges, see 6612 - brokerage of crypto assets, see 6612 - mortgage brokerage, see 6619 - investment funds management, see 6630 - trade, leasing and rental of real estate property, see division 68 - bill collection without debt buying up, see 8291 - trade and brokerage of crypto assets without a corresponding liability (not by a monetary authority), see 8299 - grant giving activities by membership organisations, see 9499

NIC 2008 -> NIC 2025 Mapping for 649902

NIC 2008 links are discovery matches from the local converter layer. Verify final migration decisions against official source documents.

NIC 2008 64990 medium

Other financial service activities, except insurance and pension funding activities, n.e.c.