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Peer-to-peer investing (P2PI) is the practice of investing money in notes to borrowers who are requesting a loan without going through a traditional financial intermediary and who are unknown to the investor. P2PI is not to be confused with Peer-to-peer lending (P2PL) which deals with the borrower’s part. Investing takes place online via a peer-to-peer lending/investing company. There is an individual investor and an individual borrower. The notes can be sold as a security and so investors can exit the investment before the borrower repays the debt. P2PI is a method of debt financing that enables individuals to lend money without using an official financial institution as an intermediary. While P2PI removes the middleman from the process, it also involves more time, effort, and risk than general brick-and-mortar lending scenarios. 〔J. D. Roth Taking a Peek at Peer-to-Peer Lending Time15 November 2012; Accessed 22 March 2013.〕 ==Characteristics== Peer-to-peer lending does not fit cleanly into any of the three traditional types of financial institutions—deposit takers, investors, insurers 〔"Lending Club Shuts Down (Temporarily?)". Peer-Lend. Retrieved April 8, 2008.〕 and is sometimes categorized as an alternative financial service.〔"PERSON-TO-PERSON LENDING: New Regulatory Challenges Could Emerge as the Industry Grows (Report to Congressional Committees)". United States Government Accountability Office. July 2011. Retrieved August 23, 2012.〕 The key characteristics of peer-to-peer lending are: 〔"Peer to Peer Lending". Sanjiv Swarup - Consultant: Business Entry Strategy for India. May 23, 2014.〕 * It is conducted for profit. * There is no necessary common bond or prior relationship between lenders and borrowers. * Intermediation takes place by a peer-to-peer lending company. * Transactions take place on-line. * Lenders may choose which borrowers to invest in. * The loans are unsecured and not protected by government insurance. * Loans are securities that can be sold to other lenders. Most peer-to-peer intermediaries provide the following services: * On-line investment platform allowing borrowers to attract lenders * Developing credit models for loan approvals and pricing * Verifying borrower identity, bank account, employment, and income * Performing borrower credit checks and filtering out the unqualified * Processing payments from borrowers and forwarding those payments to the lenders * Servicing loans * Finding new lenders and borrowers (marketing) ==History== Early peer-to-peer lending was also characterized by disintermediation and reliance on social networks, but these features have started to disappear. While it is still true that the internet and e-commerce make it possible to do away with traditional financial intermediaries, the emergence of new intermediaries has proven to save time and expenses. Extending crowd sourcing to unfamiliar lenders and borrowers opens up new opportunities. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Peer to peer investing」の詳細全文を読む スポンサード リンク
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