YES-secure Unveils its Revolutionary Secondary Market

Dec. 7, 2010 - PRLog -- London, UK

YES-secure, launched in June 2010, has introduced a Secondary Market to its online lending and borrowing marketplace, a revolutionary new development enabling lenders to put their loan slices up for sale which other YES-secure members can then purchase.

“This is a fantastic new enhancement to Peer-to-Peer lending, enabling investors to move freely between investments, encouraging liquidity and freedom of investing on YES-secure.com” said Dr Chandra Patni, CEO of YES-secure.com.

The idea of Peer-to-Peer lending enables lenders and borrowers to cut out the banks, lending and borrowing directly from each other. YES-secure allows investors to bid on a loan listing at interest rates they choose, lending small amounts to borrowers to collectively fund the requested loan. The introduction of the YES-secure Secondary Market enables investors to buy and sell loan slices at a premium or discount.

Lenders have, in an innovative way, the ability to put their loan slices up for sale should they wish to sell their investment. Similarly, putting these loan slices on the market entitles investors to view and purchase loan slices from other lenders, enabling them to view the borrower’s repayment history for that loan. The fluidity of movement between YES-secure loan slice investments has established a dynamic edge to the YES-secure marketplace.

The advantages for Loan Slice buyers

1.   Loans offered at premium and discount: Lenders will be able to buy loan part(s) of previously disbursed loans from other lenders at a premium or discount. Lenders can invest in quality loan slices which they might have missed out earlier.
2.   Ability to view repayment history: Potential buyers for the loan part(s) will be able to view detailed information about the repayment history of the loan part(s), giving them plenty of information on the reliability of the borrower enabling them to make an informed decision and the opportunity to invest in investments with a track record of reliable repayments and hence lower risk.
3.   Earn interest from day one: As the existing loans part(s) can be transferred within a few minutes, it can start earning you interest with immediate effect unlike initial funding of a loan request.
4.   Build a balanced investment portfolio: Lenders can quickly build themselves an active and balanced portfolio by picking and choosing through different markets, rates and terms; it automatically leads to risk-diversification.

The advantages for Loan Slice sellers

1.   Encourages liquidity: Investors can easily generate cash as and when they require by selling their parts of loans to other registered members of YES-secure.
2.   Flexibility: Investors can easily manage their investment portfolio, buying and selling chosen loan slices and fine-tuning their lending portfolio to suit their risk profile.
3.   Loans sold at premium or discount: Lenders can set a price for the loan slice(s) of previously disbursed loans at a rate within (–10%) and (+10%) of the balance principal amount for the loan.

A 1% (of selling price) transaction fee is charged to the seller by YES-secure for every loan slice sale. The sellers can choose to get their loan parts “featured” on the home page; this attracts an additional fee of 1% (of selling price). The proceeds of the sale (minus a 1% transaction fee) are added directly to the seller’s System Account. The lender who buys a loan slice pays the usual Lender fee of 0.9% of borrower repayments associated with the purchased loan slice from the date of the purchase.

More details regarding YES-secure and its Secondary Market can be found at www.yes-secure.com.

For more information, please contact
Ms. Mala Chauhan
mala(dot)chauhan(at)yes-secure(dot)com
marketing(at)yes-secure(dot)com
0871 221 9410 extension 5440
YES-secure.com Limited
Checknet House
153 East Barnet Road
Barnet
EN4 8QZ
UK
www.yes-secure.com

* Please note: Calls to 0871 numbers cost 10 pence per minute from a BT landline. Call charges from other networks may vary.

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YES-secure is a P2P social networking lending and borrowing marketplace which provides an online platform for borrowing and lending money and functions on the ebay model.