The Loan Exchange is a trading platform that allows Lenders to sell part or all of their loan positions to other registered FundingKnight Lenders, or to buy loan parts from other Lenders, either because they wish to expand and diversify their portfolio or have missed the opportunity to participate in a Live Auction. For more information visit our Loan Exchange page.
From your dashboard, you can see all the loan parts that you have in your portfolio and can offer them for sale at a price of your choosing (subject to certain conditions outlined below). Please note that you do not have to sell the whole of your loan holding; you can choose how much of it you wish to sell. Loan parts for sale will then appear on the Loan Exchange which allows other Lenders to view details of the loan and buy those positions. The details provided include the capital remaining, the selling price, and full information about the loan (as it originally appeared when the loan auction ran), as well as the payment history and any updates on the company or the loan.
To purchase loan parts that other Lenders have for sale, visit the ‘Loan Exchange’ via the links on your dashboard and you can view all the parts for sale. You can filter loan parts by company, investment value, term remaining, shield rating and minimum interest rate.
Purchases or sales of loan parts will be shown on your statement as a ‘Loan Novation’.