Bond Overview:
MPD Legal Administration Services Limited is a privately held company, started in May 2022, they are registered and operate in England. The company offers investors two different bonds for a period of 24 months with different coupons, depending on the payment structure. The purpose of the bonds is solely to provide funding for “Chase Monro Claims”, which was established in 2012 and submit claims on behalf of individuals in the UK against global conglomerates.

Strategy:
The capital raised by these bonds, will be used to provide loans to “Chase Monro Claims”. Chase deals mainly with mis-sold CFC (Car Finance Claims): these claims are filed by citizens who previously purchased a vehicle and received an offer to acquire finance via the dealership. Chase pursues two types of claims. The first involves the car finance provider incentivizing the car dealership to inflate the interest rate payable by the borrower. The second involves irresponsible lending and lenders not carrying out suitable affordability checks against the borrower. Chase operates under the “no win-no fee” model, which guarantees success fee in case of winning the claim. For any winning claim, Chase will repay MPD the loan and success fees from the claim’s profits.