Common use of Complementary banking services Clause in Contracts

Complementary banking services. The supply of financial services that complement core banking services may be provided directly by these institutions, with prior authorisation from the SBIF, or through subsidiaries which the SBIF shall determine. Financial leasing (CPC 81120) (includes only leasing contracts for goods acquired at the client's request, i.e. they cannot acquire goods in order to stock them and offer them for leasing). Financial leasing services are regarded as complementary banking services and, consequently, the SBIF is empowered to extend or restrict the operation of the financial leasing services which these institutions may offer, and these institutions may only offer the services expressly authorised by the SBIF. Advisory and other auxiliary financial services (CPC 8133) (includes only services indicated in the banking sector in this schedule). None.