# 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.

{% hint style="info" %}
**Apply for Prime Access**: [Application Form](https://clearpool.finance/prime/apply)
{% endhint %}

### 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.

{% hint style="success" %}
Official Prime Pools: [Link](https://clearpool.finance/lending)
{% endhint %}

### Learn More

{% file src="<https://4108300013-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FhkiSI8bK3ThlypJ3jdEC%2Fuploads%2FySs4QCDaE82n5gGgSfiI%2FClearpool%20Prime%20-%20Product%20User%20Guide.pdf?alt=media&token=5e5fef0c-cd03-447e-8f6d-a0fe199fd207>" %}
Product User Guide
{% endfile %}

### MLA

Legal contracts governing the use of Clearpool Prime:

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{% file src="<https://4108300013-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FhkiSI8bK3ThlypJ3jdEC%2Fuploads%2FOwOCER4kle1SUzUMLoFf%2FClearpool%20Services%20Agreement.pdf?alt=media&token=f772ab19-56e6-4e2c-9a22-2d0e2a9f35b6>" %}


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