#secondary-market

#secondary-market

The Covid-driven boom came at the end of a decade of steady growth and amplified already unrealistic expectations. Whisky is notoriously difficult to forecast, and many producers were caught out by the sudden spike in demand. Secondary market prices subsequently soared, and several major brands tried to capitalize by ramping up production and raising prices to match auction values. Both moves have proved costly.

Overlays, or extra rules layered on top of standard guidelines, help lenders manage risk and ensure loans meet investor expectations. Those selling into the secondary market can use overlays to meet multiple investor standards, while portfolio lenders can align the technology with in-house credit policies. Our new underwriting overlays feature gives lenders the ability to instantly encode their own judgment and policies into Friday Harbor, said Theo Ellis, CEO and co-founder of Friday Harbor.

Britain's leading banks have warned the government against capping the resale prices of concert and event tickets, claiming the move would push ticket touts and fraudulent sellers onto unregulated social media platforms. In a submission to ministers, UK Finance, the trade body representing Lloyds, NatWest, HSBC, Barclays and more than 300 other financial institutions, said proposed ticket price caps could backfire by driving "tout activity" away from regulated platforms such as Viagogo and towards sites like Facebook Marketplace, where fans are more exposed to scams.