Ablrate the world's first aviation P2P lending platform launches groundbreaking Secondary Market
-- Ablrate's Secondary Market to tap into the projected $40 billion online lending industry
LONDON, July 14, 2015 /PRNewswire/ -- Ablrate, a pioneering peer-to-peer lending platform that is the first in the world to offer investors access to asset backed loans against aircraft transactions has launched a sophisticated new platform with a unique Secondary Market.
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David Bradley-Ward, CEO Ablrate said, "The new Secondary Market is a culmination of feedback from investors and our experience trading in other markets, such as commodities and bonds, where a two-way market is essential. Any market can only be successful if there is liquidity, and that is never guaranteed, but we feel that the way we have structured the secondary market and the accuracy of the calculations, will make it an attractive addition to the Ablrate platform. In the short time the system has been live we have seen over 500 trades."
According to research firm Liberum, the global online lending industry has surpassed $8 billion in 2013, and is on its way to become a $40 billion industry in the U.S and UK alone by 2016. Ablrate is on track to tap into this growing industry with its new investment platform and revolutionary secondary market.
"What attracted us to Ablrate was the innovative approach they have to the sector and the new Secondary Market is a product of that innovation." said Spyros Papadopoulos, CEO of Synthesis, an institutional investor on Ablrate, "For professional investors, and retail investors alike, being able to trade on accurate yield figures is important and being able to do so in a true two-way market with bids and offers is a logical move forward for the sector."
In line with other platforms, Ablrate allows investors to list their loans on a secondary market for onward sale to other investors. With the secondary market on the new platform investors can list the price they are willing to pay for a loan (a 'Bid') or list their loans for a price they are willing to sell (an 'Offer').
This Bid and Offer system allows more flexibility for buyers and sellers to come together. During the research for creating the new Secondary Market, Ablrate found that a number of platforms suspend interest for investors once they list their loans on the secondary market, effectively meaning that investors buy loans with more interest attached to them and outgoing sellers lose out on some of their earnings.
Ablrate's new system uses cutting edge technology to address this issue and add value to investors registered on Ablrate's platform. It fully calculates interest due to sellers and credits their accounts appropriately when the sale is made, in effect meaning that an investor could list all their loans on the market and never lose out on any interest, whether their loans where purchased or not.
Ablrate will also be adding a sophisticated 'Auto Invest' feature, which interacts with all elements of the platform from primary market (new loans) to the secondary market allowing investors to tailor their investment requirements and let the system trade for them automatically.
With this new launch, Ablrate aims to continue to provide its users with exciting investment opportunities that range from the highly regulated aircraft leasing space to capital equipment transactions, while offering a secured investment proposition and higher returns. To date the new platform has traded over £2 million, with another £2 million due to be closed shortly. In the pipeline the company also has £50-£100 million forward looking trades that puts it in a strong position for the coming year.
For more information on Ablrate's new platform please visit www.ablrate.com
About Ablrate
Ablrate is a pioneer in asset backed lending against high-quality assets and the first peer lending platform in the world to give investors access to aircraft transactions. Through our unique online investment platform, we enable individuals and businesses to manage their own financial risk and returns, disintermediating and removing the cost of the middleman. Investors have full visibility of the asset they are investing in, but also of the potential risk exposure (estimated by ablrate.com) they are taking on. Ablrate gives investors access to exciting and unique investment opportunities ranging from the highly regulated aircraft leasing space to capital equipment transactions that provide investors with good security and higher returns.
Media Contacts:
Natalie Cowley
PR & Marketing Manager
Ablrate
natalie@ablrate.com
+44 (0) 203 283 4518
Shalini McCarrick
Director
Gutenberg Communications
shalini@gutenbergpr.com
+44 (0) 20 7470 8894
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