> For the complete documentation index, see [llms.txt](https://docs.clearpool.finance/clearpool/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.clearpool.finance/clearpool/products/lending/prime.md).

# Prime

Clearpool Prime is a permissioned institutional lending and borrowing platform for whitelisted counterparties. 

All participants must undergo **robust Know-Your-Customer (KYB) & Anti-Money Laundering (AML) verification** before onboarding.

Prime offers institutional borrowers the ability to access short-term, unsecured credit directly from whitelisted institutional lenders. Loans originated via audited smart contracts, with funds transferred directly to borrower wallets. Clearpool never holds custody of lender funds.

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**Apply for Prime Access**: [Application Form](https://clearpool.finance/prime/apply)
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### Key Features

#### **Customizable Pools**

Borrowers can launch pools with **fixed terms, interest rates,** and **durations**. Lenders are invited to participate in specific pools, providing liquidity directly to institutional borrowers.

#### **Rolling Loans**

Borrowers can extend a pool’s duration **up to 48 hours before maturity**. Lenders may opt in or out of the roll. Rolling adds a reduced origination fee for the extended period.

#### **Call Backs**

Lenders can request **early withdrawal** before maturity, though borrowers are not obligated to repay before the agreed date. If they do, interest is calculated only for the elapsed time.

#### **Fixed Interest Rates**

Rates are agreed at pool creation and remain fixed for the loan term. Interest accrues immediately upon loan execution.

#### **Fees**

Prime charges two fees to borrowers:

* **Origination Fee:** charged at loan repayment, based on the amount raised and loan term.
* **Protocol Fee:** a governance-approved percentage of interest paid at maturity.

#### **Onboarding**

Prime access is limited to whitelisted institutions completing KYC/KYB via SecuritizeID.

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Official Prime Pools: [Link](https://clearpool.finance/lending#:~:text=Not%20Required-,Prime,-KYC%20%26%20AML%20compliant)
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### Learn More

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Product User Guide
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### MLA

Legal contracts governing the use of Clearpool Prime:

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