North American Product Classification System (NAPCS) Canada 2017 Version 1.0

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North American Product Classification System (NAPCS) Canada 2017 Version 1.0
Introduction
Hierarchical structure

761 - Financial services (except insurance)

This group comprises financial system regulatory services; account and cash management products; loans and other credit financing products; investment products; financial planning services and trust products for individuals, businesses, institutions (except unincorporated) and governments; and products supporting financial services.

76141 - Credit financing (except loans)

This class comprises credit card services; factoring; financial leasing; and sales financing.

761412 - Factoring

This subclass comprises the provision of financing to a business from the sale of its accounts receivable to a third party, known as a factor. Normally, the factor assumes the full risk of collection, including credit losses.

7614121 - Factoring

Financing provided to a business from the sale of its accounts receivable to a third party, known as a factor. Normally, the factor assumes the full risk of collection, including credit losses.

  • Illustrative example(s)

    • factoring services with recourse
    • financial factoring services

    All examples

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