The wiseAlpha secondary market allows investors to sell Notes they own to other wiseAlpha members in whole or part. The wiseAlpha "secondary market" works in the following way:
- each Note you purchase will be redeemable, meaning that upon request wiseAlpha may agree to repurchase the Note at a 0.25% discount to the prevailing market price;
- wiseAlpha will not be obliged to repurchase the Note unless it can reissue an equivalent Note to a new or existing investor, meaning that liquidity will be dependent on there being an available and willing buyer at the market price. You will receive your cash in your account once another member has purchased a new Note equivalent to the Note you are selling.