Notes on Secondary Market and Interest

Herdek

• 8 de septiembre de 2021 15:43

Interest

How will be interest paid if the Note is sold/bought on the secondary market? Example I buy a note on the 15th of the month and interest is paid monhly at the end of the month. Will be the interest devided as today according the purschase day or the new investor will receive the complete interest from the complete month and the seller none?

Pending payments

Example - I sell a note with pending payments on the secondary market. Who is going to receive PP - me or a new investor?

Thx for explanation.

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  Permanently deleted user

  Community manager

  • 10 de septiembre de 2021 06:40

  Hi Herdek,

  The way the interest is accrued will stay the same - the received interest will be divided between the Seller and the Buyer according to the date of purchase.

  If there are pending payments associated with the Notes, you won't be able to sell them, the same as it is currently in the case of loans.

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  Herdek

  • 10 de septiembre de 2021 10:22

  Dear Annija,

  thx for your replay. Could you kindly check your response:

  If there are pending payments associated with the Notes, you won't be able to sell them, the same as it is currently in the case of loans.

  My experience: Today you can sell loan with PP.

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  Permanently deleted user

  Community manager

  • 13 de septiembre de 2021 04:28

  Hi Herdek, let me clarify this for you - in Mintos Strategies it is not possible to cash out (sell loans) with pending payments. In the secondary market, if the Lending Company is not suspended or defaulted it is possible to sell any loan.

   

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