The Buyback Obligation is a contractual obligation of the relevant Loan Originator. If a payment is delayed for more than 60 calendar days, the Loan Originator is contractually required to repurchase the relevant claim rights together with accrued interest, in accordance with the Investment Agreement. Interest continues to accrue during the 60-day overdue period. The Buyback process is automatic and no action is required from the investor. The Buyback Obligation is not a deposit guarantee or state-backed compensation scheme and depends on the Loan Originator’s ability to meet its contractual obligations.
Returns & repayments
What is the Buyback Obligation?
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