{"id":39499,"date":"2020-09-17T14:00:08","date_gmt":"2020-09-17T11:00:08","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=39499"},"modified":"2020-09-17T14:00:08","modified_gmt":"2020-09-17T11:00:08","slug":"secondary-market-transactions-slow-down","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/secondary-market-transactions-slow-down\/","title":{"rendered":"Secondary market transactions slow down"},"content":{"rendered":"\n

After last month\u2019s long awaited increase in activity on the secondary market, August reverts back to a lower level of activity\u2014going back to the trend we\u2019ve been seeing since April. However, despite the decline, a total volume of \u20ac433,001.48\u2019s worth of transactions took place on the secondary market in August.<\/p>\n\n\n\n

\"Transactions
Transactions on the secondary market have slowed down in August – Bondora<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

As in July<\/a>, manual transactions saw a decline (28.7%), but it still has the biggest share of transactions (40.2%). July had an increase rate of 3% in transactions, whereas August saw a decline of 20.7%. This lack of secondary market activity could indicate one of two things. Investors are either deciding to use our hands free investment option (Go & Grow) or Portfolio Manager\u2019s semi-automated investment process. Or they\u2019re not transacting manually and rather letting their money work for them in a passive way.<\/p>\n\n\n\n

\"Sec<\/figure><\/div>\n\n\n\n

Current Loans<\/h2>\n\n\n\n

Manual transactions had a 32.6% market share, and Portfolio Manager had 42.3%. The latter thus takes the biggest market share, swapping places with each other from last month. The API had a 9.7% decline in numbers, but it has taken up a bigger space in the market, growing from 20.9% in July to 25.1% in August.<\/p>\n\n\n\n

In August, investors bought and sold at an incredible discount rate. 9.2% of transactions were done at discount \u2013 growing 7.2% on-the-month. 56.6% of loans were sold on par, and 34.2% of transactions were sold at a premium. Portfolio Manager transactions totaled \u20ac155,569.28.<\/p>\n\n\n\n

\"Sec<\/figure><\/div>\n\n\n\n

Overdue Loans<\/h2>\n\n\n\n

The main source of overdue loan transactions are still manual transactions, taking up even more of the category than last month. In July it had a total share of 80.2%. In August, this number rose to 81.0%. Just like last month, overdue loans tend to be sold at discount, making up 77.1% of the transaction, which is equal to \u20ac22,818.4. The total value of transactions on overdue loans was \u20ac29,591.26.<\/p>\n\n\n\n

\"Sec<\/figure><\/div>\n\n\n\n

Defaulted Loans<\/h2>\n\n\n\n

Continuing the see-saw trend we\u2019ve been seeing for three months, defaulted loans remain a fickle territory. After declining to \u20ac22,896 in July, it sky-rocketed again last month by 56.9% to \u20ac35,929.16. This month, we\u2019ve seen the largest percentage of discounted transactions of the quarter (98.5%) totaling \u20ac35,389.24. API activity continues its growing streak from June. It grew by 65.0% from \u20ac3,517 to \u20ac5,804.5.<\/p>\n\n\n\n

\"Sec<\/figure><\/div>\n\n\n\n

Secondary market slows down again<\/h3>\n\n\n\n

Last month\u2019s increase was a pleasant change in the declining trend we\u2019ve been seeing in secondary market transactions, but August has taken a dip again. As mentioned earlier, this trend of a quieter secondary market could indicate two things: Instead of manually transacting on the secondary market investors are choosing Go & Grow for its simple hands free investment offering or Portfolio Manager\u2019s semi-automated investment process. Or they\u2019re letting their investments be so they can generate returns passively<\/a>.<\/p>\n\n\n\n

Always remember, investors should not seek higher returns from buying and selling loans on the Bondora secondary market<\/a><\/u>.<\/em><\/p>\n\n\n\n

Enjoy what you\u2019re reading? Get more info about the Bondora secondary market here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

After last month\u2019s long awaited increase in activity on the secondary market, August reverts back to a lower level of activity\u2014going back to the trend we\u2019ve been seeing since April. However, despite the decline, a total volume of \u20ac433,001.48\u2019s worth of transactions took place on the secondary market in August. As in July, manual transactions […]<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[],"class_list":["post-39499","post","type-post","status-publish","format-standard","hentry","category-stats-and-data"],"acf":[],"featured_image":null,"categories_names":["Stats & Data"],"category_name":"Stats & Data","_links":{"self":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/39499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/comments?post=39499"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/39499\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=39499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=39499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=39499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}