Position Management

Can you repay a position before maturity?

Yes. Borrowers can repay their position in full at any time before maturity. They may also exit early at the market rate, provided there is sufficient available liquidity. If a position is repaid before maturity, the borrower is still responsible for paying the interest agreed upon at the time the position was opened.

What happens at maturity?

At maturity, borrowers can choose to extend their positions into longer-dated fixed-rate maturities or variable-rate markets by opting into Tenor's non-custodial auto-renewal features. Tenor provides smart contract tools to simplify position management and streamline the rollover process. Understand what occurs at maturity in more detail here.