It is the existence of a secondary debt market that enables Rolling Jubilee to buy debt so cheaply. Financial institutions that have come to doubt their borrowers’ ability to repay sell the debt to third parties at knock-down prices, often for as little as five cents on the dollar.
滚动禧年运动之所以能够如此廉价地买下债务，是因为存在二级债务市场。怀疑借款人偿付能力的金融机构以跳楼价将债务卖给第三方，有时候出售价格只有面值的5%。买家随后要求借款人偿还这笔债务中的一部分，以此获利。美国学生贷款提供商萨利美（Sallie Mae）承认它以一五折的价格出售再打包后的债务。