### **Repayment**
1. **Locate the Loan:** Before the maturity date, borrowers can find the "Repay" button next to the associated loan in the **Wallets -> Liability (Borrower)** tab.
2. **Maturity Time:** The exact maturity time is 00:00 on the maturity date plus one day, coordinated in UTC+0. For example, if the maturity date is January 30, 2025, the maturity time is 00:00 on January 31, 2025, UTC+0.
3. **Repayment Process:**
* **Before Maturity:** Borrowers can repay their loans at any time before maturity by following these steps:
1. Approve the transfer of debt to the lender
2. Call the smart contract to execute the transaction
* **After Maturity:** If the loan is not repaid before maturity, the liquidation process will be automatically triggered.
4. **Smart Contract Execution:** When the borrower initiates repayment, the smart contract:
* Transfers the debt (principal plus accrued interest) from the borrower to the lender
* Transfers the collateral from the lender's wallet back to the borrower's wallet
5. **Collateral Return:** The collateral return is executed automatically by the smart contract based on the lender's pre-approval that was provided during the loan creation. The borrower does not need to wait for manual action from the lender to receive their collateral back.
6. **Transaction Monitoring:** The borrower can monitor the status of the repayment and collateral transfer transactions in the **Transfers** page.
The Borrower Clicks Repay to Initiate Repayment Transactions
The Lender Transfers Collateral to the Borrower After Receiving the Repayment
### **Important Notes**
* The smart contract ensures that the collateral is only returned to the borrower after confirming the full repayment has been made.
* The peer-to-peer nature of the repayment process means assets move directly between user wallets, not through an intermediary.
* The TSI system sends reminder notifications to borrowers as the maturity date approaches to help them avoid late repayments.
* If the borrower fails to repay by maturity, the liquidation process will be triggered automatically to protect the lender's interests.
* If any issues arise during the repayment process, users should contact TSI support for assistance.
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