Maclear / Platform Features & Tools / Secondary Market / How returns are split between seller and buyer on the Maclear Secondary Market

How returns are split between seller and buyer on the Maclear Secondary Market

2026/06/03

2分

When a Maclear Secondary Market sale is completed, the buyer acquires the full remaining claim — all future interest payments and principal repayments scheduled for the rest of the loan term. The seller receives the agreed sale price. Interest accrued before the transaction date but not yet paid transfers to the buyer as part of the claim.

What each party receives


Seller

Buyer

Receives

Sale price (minus 2.5% fee)

All future interest + principal repayments

Retains after transaction

Nothing

Full remaining claim

Fee

2.5% of sale price

None

What the buyer receives

The buyer steps into the seller's position for the remainder of the loan term. This includes all scheduled interest payments and the return of principal per the original repayment schedule. The original loan terms — interest rate, duration, repayment structure — do not change as a result of the Secondary Market transaction.

Buyers can review the borrower's repayment history before purchasing. This is a structural advantage over Primary Market investing: the borrower's payment behavior is visible, not just projected.

What the seller receives

The seller receives the sale price agreed at listing. After the transaction completes, the seller has no further rights or obligations related to that investment. The 2.5% seller fee is deducted from the proceeds at the time of the transaction. The listing price cannot exceed the original investment amount.

What are my obligations as a seller on the Maclear Secondary Market?

You may list as soon as the project's funding round is complete. Once the sale completes, your obligation to that investment ends. If you purchased the investment on the Secondary Market yourself, the 30-day resale restriction applies — you cannot relist within 30 days of your own purchase date.

What are my obligations as a buyer on the Maclear Secondary Market?

All Secondary Market investments are governed by the same terms as Primary Market investments. After purchasing a claim, you cannot relist it for 30 days. There is no buyer fee at the time of purchase.

What happens if I buy a loan that is already in arrears?

If you purchase a loan where the borrower has missed payments, you assume the associated claims and risks from the point of purchase. The same collection and enforcement processes that apply to Primary Market investors apply to you as the new claim holder.


Maclear AG, registered in Switzerland, member of PolyReg SRO, a self-regulatory organization supervised by FINMA.


関連記事

How does selling on the Maclear Secondary Market affect your Loyalty bonus?

Selling on the Maclear Secondary Market reduces your active portfolio total. If a sale drops you below the threshold for your current Loyalty level (Beta €5,000, Beta Plus €15,000, Alpha €40,000, Alpha Plus €75,000), the level adjusts down immediately. Secondary Market purchases raise the total and can lift you into a higher tier.

How is AROI calculated on the Maclear Secondary Market?

AROI (Annualised Return on Investment) on the Maclear Secondary Market shows projected annual return adjusted for the remaining loan term. Formula: (Expected Earnings ÷ Remaining Period) × (365 ÷ Principal Purchased). Unlike APR — fixed at loan funding — AROI changes with the listing price. A discount raises AROI above the original APR; a premium lowers it.

How liquid is the Maclear Secondary Market: volume and typical time to sell

Maclear's Secondary Market has cleared €16.26 million across 65,079 trades since May 2024. Median time from listing to sale is around 3 hours; 80.7% sell within 24 hours and 97% within 7 days. Every listing between June 2025 and March 2026 found a buyer before the 14-day window closed — 100% sell-through across ten consecutive monthly cohorts.

What are the fees for the Maclear Secondary Market?

The only Maclear Secondary Market fee is a 2.5% seller charge, deducted from sale proceeds when a transaction completes. No fee applies if a listing expires after 14 days unsold or the seller cancels before sale. Buyers pay no fees at any stage. There are no listing fees, reservation fees, or relisting penalties.