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Post by terresrouges on Jan 17, 2017 23:02:33 GMT
Hi all I am new to twino and I would like to know how to invest in the secondary market if existing in twino. I would like to know as well if it is possible to sell the loans, and if so, how to sell it with premium or discount. (the way as it is done in mintos) Thanks in advance.
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kulerucket
Member of DD Central
Posts: 336
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Post by kulerucket on Jan 17, 2017 23:49:05 GMT
Hi all I am new to twino and I would like to know how to invest in the secondary market if existing in twino. I would like to know as well if it is possible to sell the loans, and if so, how to sell it with premium or discount. (the way as it is done in mintos) Thanks in advance. The secondary market loans are simply merged with primary market ones into one market. Essentially there is no difference between them other than secondary market loans could already be delayed or extended. There is no discount/premium, they are all just sold at cost. At the moment, sold loans are bought very quickly, especially for buyback loans. The only cost of selling is that you lose any interest since the last payout and you don't get this added for loans you buy. I find Twino much less hands-on than Mintos. For buyback loans, you get paid interest on the day it's due regardless of whether the borrower has paid. Due to this, IMO there is very little to gain from selling Buyback loans unless you want to get the money out. The platforms are quite different, but I like both.
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