{"id":42099,"date":"2020-10-15T16:10:30","date_gmt":"2020-10-15T13:10:30","guid":{"rendered":"https:\/\/www.bondora.com\/blog\/?p=42099"},"modified":"2020-10-15T16:10:30","modified_gmt":"2020-10-15T13:10:30","slug":"secondary-market-activity-picks-up-in-september","status":"publish","type":"post","link":"https:\/\/goandgrow.eu\/en\/blog\/secondary-market-activity-picks-up-in-september\/","title":{"rendered":"Secondary Market activity picks up in September"},"content":{"rendered":"\n

September was a busier month for the Secondary Market after a slower August<\/a>, as activity picked up again in September. The total value of transactions increased to \u20ac461,996.46. It translates to a decent growth rate of 6.7% for September.<\/p>\n\n\n\n

\"\"
Activity on the Secondary Market showed decent growth in September.<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

In contrast to August\u2019s figures, only API transactions declined in September. Portfolio Manager and Manual transactions increased by 4.4% and 21.5%, respectively. This increase is a welcome sight after August\u2019s 17.9% and 28.7% decline.<\/p>\n\n\n\n

API transactions dipped by 14.7%, but because it only has a 19.1% share of the Secondary Market transactions, it doesn\u2019t affect the overall growth rate of 6.7% too much. With 45.7%, manual transactions still have the biggest market share. Portfolio Manager makes up the rest with 35.2%.<\/p>\n\n\n\n

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Secondary Market total volume \u2013 September<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Current loans<\/h2>\n\n\n\n

Manual transactions still have the biggest market share for current loans, increasing 4.4% from August. Portfolio Manager\u2019s percentage of the transactions decreased slightly to 41.9%, but the total value of transactions grew by 4.4.% to \u20ac162,449.41. APIs market share fell by 4% to 21.1% for current loans. Overall, there was a 5.6% growth rate in current loan transactions.<\/p>\n\n\n\n

The discount rate for September fell by nearly 6% compared to August. But investors opted to buy and sell loans on par with their original value, as the par category of transactions increased from 56.7% in August to 62.1% in September. Loans at a premium rate remain the same (34.2% of transactions in August v 34.7% in September). Portfolio Manager transactions totaled \u20ac162,449.41\u2014a slight increase from August.<\/p>\n\n\n\n

\"\"
Current loans \u2013 September<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

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

The total value of transactions on overdue loans was \u20ac30,213.8, which shows a stable increase of 2.1%. The primary source of overdue loan transactions is still manual transactions. Its market share continues to grow as it now takes up 87.4% of the overdue loan transactions\u2014a substantial increase of 6.4%.<\/p>\n\n\n\n

Unlike others in the recent quarter, September showed a significant increase in premium rated overdue loan transactions. It rose from 4.5% of the total number of transactions in August to 34.2% in September. In contrast, discounted overdue loans market share fell by 27.4% to 49.8%, equaling \u20ac15,036.06 of the transactions.<\/p>\n\n\n\n

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Overdue loan transactions \u2013 September<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

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

For the first time in three months, the defaulted loan category is not going in the opposite direction. After see-sawing every month since May, it\u2019s now continuing its increasing trend we started to see in August when it sky-rocketed 56.9% to \u20ac35,929.16. In September, it increased by 21.4% to a total of \u20ac43,633.44.<\/p>\n\n\n\n

Quite unexpectedly, discounted rates fell to the lowest rate since January 2020<\/a>. Discounted rates took up only 65.6%, whereas it usually makes up nearly the entire category (94.9% in June, 95.0% in July, and 98.5% in August). In contrast, premium defaulted loan transactions increased to an unprecedented rate of 32.0%. That\u2019s the largest market share for premium transactions in this category we\u2019ve seen since February 2020<\/a>, when it had a 40.3% market share.<\/p>\n\n\n\n

API transactions ended their 3-month growing streak by declining 56.8%. It now accounts for \u20ac2,506.96 of transactions.<\/p>\n\n\n\n

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Defaulted loan transactions \u2013 September<\/em><\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Secondary Market picks up \u00a0<\/h2>\n\n\n\n

After August\u2019s dip, it\u2019s pleasing to see a slight increase in activity across September. Manual transactions and Portfolio Manager activity showed promising increases. API transactions were the only category not to increase in September. The total value of transactions increased by 6.7% to a total of \u20ac461,996.46.<\/p>\n\n\n\n

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

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

September was a busier month for the Secondary Market after a slower August, as activity picked up again in September. The total value of transactions increased to \u20ac461,996.46. It translates to a decent growth rate of 6.7% for September. In contrast to August\u2019s figures, only API transactions declined in September. Portfolio Manager and Manual transactions […]<\/p>\n","protected":false},"author":11,"featured_media":42100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[],"class_list":["post-42099","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/42099","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=42099"}],"version-history":[{"count":0,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/posts\/42099\/revisions"}],"wp:attachment":[{"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/media?parent=42099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/categories?post=42099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goandgrow.eu\/en\/wp-json\/wp\/v2\/tags?post=42099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}