What is a secondary market?
A secondary market is a functionality (system) of the platform, where investors can sell their current (not finished) investments. At the moment of sale, the buyer acquires the claim rights of the seller against the borrower, arising from the corresponding loan agreement (to repay the loan, pay interest, late fees, and other related payments).
All investors can sell their current investments on the secondary market. To be able to purchase an investment, investors must successfully verify their identity, fill in the investor‘s questionnaire, and hold enough funds to buy the investment offered on the platform‘s secondary market. The same conditions apply to the investments purchased in the secondary and primary markets.