Claims Bond

The CCB is now closed and no longer accepting subscriptions.

Centaur Claims Bond

Providing high yield fixed income returns through listed debt

What Is

The Centaur Claims Bond

The “Centaur Claims Bond” is a ‘bond’ or ‘debt security’ issued by Centaur Group Finance Ltd, that is listed on the Bermuda Stock Exchange and was created to fund UK based ‘Claims Management Companies’ regulated and approved by the UK Ministry of Justice, as selected and approved by Centaur Asset Management Ltd acting in its capacity as the Investment Advisor to the Centaur Claims Bond.

In simple terms, investors purchase Centaur Claims Bonds and receive a fixed return ranging from 6.25% to 7.75% per annum for terms ranging from 3 years to 5 years. At the end of the term, investors receive their original investment back.

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Investments Highlights

  • Monthly coupon payments
  • Minimum investment from GBP £ 20,000 or USD $ 20,000
  • GBP £ and USD $ denominated options
  • Suitable for ISA, SIPP, SSAS, QROPS, Portfolio Bond and Investment Platforms
  • Investment Advisor actively manages security of the Bond
  • Flexibility to choose the term and coupon to suit your investment objective
  • Listed on the Bermuda Stock Exchange
  • Fixed Return
  • Zero Volatility
  • Regular income from savings
Investment Highlight Centaur Claims Bond
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About the Centaur Claims Bond

‘Claims’ funding as an asset class and Centaur’s track record in the sector

Over the last 6-7 years, third party litigation and/or ‘claims’ funding has established itself
as an attractive ‘alternative’ asset class for sophisticated investors looking to diversify
their portfolios beyond more traditional financial instruments.

Centaur Asset Management, the multi-award winning international asset management and investment advisory division of Centaur and also the Investment Advisor to the Centaur Claims Bond has established itself as one of the early innovators in the ‘claims’ funding sector with the launch of its first open-ended investment fund specifically designed to give professional and sophisticated investors access to the underlying asset class of ‘claims’ funding in 2012. The fund has itself been bestowed with 12 awards and produced returns since inception of 36%.

The Centaur Claims Bond is the result of combining Centaur’s experience and track record in the ‘claims’ funding sector, previously packaged as an investment fund and combining this with Centaur’s more recent bond investment products designed to meet the income producing criteria that our clients have requested. In simple terms, the previous fund provided capital growth and underlying exposure to the ‘claims’ funding sector and the Centaur Claims Bond provides exposure to the ‘claims’ fundings sector and regular monthly income.

How the funds will be used

Centaur has well established relationships with a UK based ‘Claims Management Company’ approved and regulated by the UK Ministry of Justice dating back to 2012 to which Centaur has previously provided ‘claims’ funding to via one of our investment funds.

The company, Real Time Claims Ltd, is a market leader in the ‘claims’ management and processing sector in the UK and has processed over 500,000 previous ‘claims’ for clients
in the UK and is responsible for recovering over £xx million for clients.

The proceeds of the Centaur Claims Bond are utilised by Real Time Claims to purchase and process valid ‘claims’ within the structure created and administered by Centaur Asset Management. Monies are advanced to Real Time Claims via a secured lending facility and such monies are used to finance the ‘claims’ purchase and processing. The structure is similar to the structure Centaur have used to finance Real Time Claims via its investment fund since 2012.

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Types of Claims

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Payment Protection Insurance Claims – ‘PPI Claims’

Payment protection insurance (“PPI”), which was a type of insurance policy designed to help consumers keep up payments on their loans and/or credit cards in the case of illness, accident, redundancy or death has been widely publicly reported as being mis-sold to millions of people in the UK. Consumers who believe they have been mis-sold PPI can make a claim to recover the payments they originally made under the PPI policy and potentially compensation. The process can be simplified if managed by a UK Ministry of Justice regulated ‘Claims Management Company’ who can process the PPI Claims on behalf of the original consumer in return for a success based fee.

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Airline Flight Delay Claims

If an airline passenger is delayed by more than three hours or their flight is cancelled, under EU rule 261/2004 they are often entitled to between £100 and £460 in compensation. This process can be simplified if managed by a UK Ministry of Justice regulated ‘Claims Management Company’ who can process the Airline Flight Delay Claim on behalf of the original passenger in return for a success based fee.

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Interest Only Mortgages Claims

When the client paying the interest on his/her mortgage each month, and the advisor didn’t made you aware that, how would the mortgage be repaid when it finish.

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Section 75

Any consumer that directly purchased a product or service using a debt facility (loan or credit card) will be protected under Section 75 of the Consumer Credit Act. This protection holds the bank liable for any failing of the product/service provider and places the bank responsible for the repayment should the merchant fail to deliver an acceptable service or cease to trade. This protection can be used to obtain a broad variety of commonly purchased products such as Ineffective Solar Panel Installations, Mis-sold Timeshare Schemes and Faulty Monitored Alarm Systems.

How secure is my investment?

How the funds will be used

Types of security used by Centaur Asset Management

Centaur Asset Management Ltd serves as the ‘Investment Advisor’ to the Issuer of the bond and is responsible for negotiating and putting in place security on each investment or finance facility made with the proceeds of the bond in accordance with the requirements in the Offering Memorandum filed by the Issuer with the Bermuda Stock Exchange (BSX) regulated by the Bermuda Monetary Authority (BMA).

Centaur Asset Management also use specialist Legal Counsel when required to make sure the security documentation is registered with any government, regulatory and/or central bank department.

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Corporate Guarantees

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Share Pledges

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Asset Backed Security

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Shareholder Guarantees

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Steps in Rights

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Debtor Book Security

Generating returns for you

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You make your investment and get to choose the term and associated annual coupon (ranging from 3 years to 5 years and 6.25% to 7.75% annual coupon) that meets your individual investment requirements.

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You receive your monthly coupon paid direct to your bank account.

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Centaur Asset Management manage the security of  your investment.

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At the end of the term you receive your original investment back in full in nominated bond currency.

Question & Answers

As many as you like, up to a maximum of GBP £ 25,000,000.

We are raising up to GBP £ 25,000,000.

Qualified Investors (within the meaning of Section 1 of the Bermuda Stock Exchange Listing regulation may subscribe for bonds with a value of GBP £ 100,000 equivalent or less if the Qualified Investor meets one of the suitability tests set out in the Subscription Form.

The Centaur Claims Bond will be issued on a ‘first come, first served’ basis. The company reserves the absolute discretion as to whether to accept your subscription for bonds in whole or in part subject to complying with the Qualified Investor criteria detailed above.

The Centaur Calims Bonds will yield a return of:

  • USD $ 3 years @ 6.25% per annum
  • GBP £ 3 years @ 6.75% per annum
  • USD $ 5 years @ 7.25% per annum
  • GBP £ 5 years @ 7.75% per annum

The Centaur Claims Bonds are eligible for investment by a UK Self Invested Personal Pension (SIPP), and for Individual Saving Accounts (ISAs) as the bonds are classed as ‘bonds’ or ‘debt securities’ listed on a ‘recognised stock exchange’ approved by UK HM Revenue & Customs. Should you or your financial advisor have any queries, please contact Centaur for any further in-formation or clarification.

Unfortunately, you will not be able to pay for your Centaur Claims Bonds in instalments, nor can they be topped up unless the Centaur Claims Bond is still open for subscriptions at that time.

You can however invest into other Centaur bonds or products, please contact Centaur for further details of investment products available.

The Issuer will repay all Centaur Claims Bond Bonds at the maturity date of such issue. You will have no right to redeem your Bonds prior to the end of the term, however the Issuer may, at its option, repay all or part of the Centaur Claims Bond at any time together with the interest. The Centaur Claims Bonds are transferable, meaning they can be sold, traded or transferred during the term subject to the approval from the Issuer.

Yes the Centaur Claims Bonds are trans-ferable and they can be sold, traded, and/or transferred.

Under the term of the Centaur Claims Bond, the Issuer does reserve the right to redeem the Centaur Claims Bonds, with interest prior to maturity.

We strongly recommend that you do seek the advice of an independent financial advisor.

No, Centaur Claims Bonds are not convertible into shares and the Bondholder does not have any ownership interest in the company/Issuer.

Yes, if you wish to receive a paper version of the Subscription Form, please contact Centaur.

Please refer to the ‘How to apply’ section within this document.

The proceeds from the Centaur Claims Bond will be utilised by the Centaur Group to provide funding for UK regulated Claims Management Companies. To know more please refer page17 of this document.

In simple terms, the banks in the UK won’t finance Real Time Claims Ltd. (RTC),or other UK regulated Claims Management Companies as the nature of the business is to they process the claims which involves making claims to the Banks themselves.

To protect Bondholders, the Bonds are issued by Centaur Group Finance Ltd (“CGF”) acting in respect of its ‘segregated account’#4 ‘Centaur Claims Bond ’(the “Issuer”). The Issuer’s only activities will be to issue the Centaur Claims Bonds and repay the interest and capital to Bondholders in accordance with the term of the Offering Memorandum and Deed Poll.

Centaur Investments is a brand name of Centaur Asset Management Ltd ("CAM").

CAM is a Bermuda exempt company, having its registered office address at Cedar House, 41 Cedar Avenue, Hamilton HM12, Bermuda and its principal place of business at Emaar Boulevard Plaza Tower 1, Level 11, Unit 1102, Burj Khalifa Downtown, Dubai, United Arab Emirates. CAM is registered under the Bermuda Companies Act 1981 and is approved and authorised by the Bermuda Monetary Authority.