Market Logistics

Market Hours

5:30 AM PT to 6:30 PM PT

• Market hours are in local US Pacific time zone. This may affect users in a time zone that does not observe Standard/Daylight Savings time

• API response values are returned in UTC Format

• If users call the GET Listings Summary or Passive BUY Order endpoints outside of market

hours, the following error will be received:

o 452: "Market is closed, please check back at [Open time in UTC format]”

Market Mechanics

LCX PM Scale Auction has one listing time at 10:00 AM PT, which is immediately followed by 5-minute bidding window. Valid bids are filled after bidding window is closed.

• Users can submit bids via purchase instructions or API, once per day

• Within each grade, bids are rank ordered by price. The size of bid has no impact on ranking

• The majority of volume is allocated to the top bid. A smaller amount is allocated to lower bids (“Winner Takes Most”). Volume is split in the event of a tie.

Any reviews presented are individual experiences and results may vary. Reviews collected and authenticated by Bazaarvoice. All reviews can be accessed at https://www.lendingclub.com/company/reviews

Unless otherwise specified, all credit and deposit products are provided by LendingClub Bank, N.A., Member FDIC, Equal Housing Lender (“LendingClub Bank”), a wholly-owned subsidiary of LendingClub Corporation, NMLS ID 167439. Credit products are subject to credit approval and may be subject to sufficient investor commitment. Credit union membership may be required. Deposit accounts are subject to approval. Deposit products are FDIC-insured up to $250,000 per depositor, per ownership category.

"LendingClub" and the "LC" symbol are trademarks of LendingClub Bank.

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