How exactly does the buyback take place?
September 22, 2024
Buyback occurs when the borrower defaults on their obligations (i.e. the loan they have taken). The buyback is automatically activated after the expiration of the period specified in the loan parameters (note: usually 60 days, can be shorter for certain loans). The provider (i.e. the company that offered the claim on the BONDSTER market, and which also manages the loan) then buys the entire unpaid part of the principal from investors and pays them the owed interest instalments.
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