The Secondary market is a platform feature that allows investors to sell their active investments before the final repayment is made. It is designed to provide liquidity to investors when they need to access their capital.
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 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.
Currently, the Secondary market is available only to desktop users. Later this year, the Secondary market functionality will also be introduced in the PeerBerry app.
