Definition: Auxiliary financial activities

Category: ESA 1995

Auxiliary financial activities are activities closely related to financial intermediation but which are not financial intermediation themselves.

Auxiliary financial activities comprise auxiliary activities for realising transactions in financial assets and liabilities or the transformation or repackaging of funds. Financial auxiliaries do not set themselves at risk by acquiring financial assets or incurring liabilities. They only facilitate financial intermediation. http://ec.europa.eu/eurostat/product?code=CA-15-96-001&mode=view