Development of the Secondary Market for Structured Settlements The secondary market for structured settlements is the business in which Structured Settlement Purchasers participate. The secondary market developed because structured settlement recipients (payees) discovered that structured settlements are inherently inflexible and illiquid. A payee whose personal or financial circumstances changed, such that the rigid, long-term payment stream set forth in the original structured settlement years earlier was no longer beneficial, discovered that they had almost no flexibility with respect to their own financial asset. Because part of the value of any asset, particularly a financial asset, lies with the ability of […]