Securitisation
A 25-year master-trust shell issuing 5-year disbursement loan-note series, pooling cohorts of UK consumer-redress claims.
An institutional-grade securitisation platform built on the same loan-note logic as our Litigation Finance category — but pooled across multiple cohorts and packaged as senior / mezzanine / junior notes that an institutional investor or family office can subscribe to in size. Includes a live cashflow model.
The Securitisation platform sits one structural level above our Litigation Finance category. Rather than subscribing to a single law firm's loan note, an institutional investor subscribes to a master-trust note series whose underlying pool is a diversified portfolio of disbursement loan notes across multiple firms and multiple cohorts of consumer-redress claims.
The platform is built around the same boring-by-design principles: only claim types with binding Supreme Court precedent are eligible, every defendant is ability-to-pay-tested, every claim is After-the-Event-insured. What changes is the wrapper: instead of one note, one firm, one cohort, the master trust issues senior, mezzanine and junior tranches so capital can match its own risk preference to the structure.
We have built a live cashflow model so investors can stress-test the assumptions themselves. Pool composition, cohort weights, cycle-times, loan-note coupons, tranche sizes and platform fee structures are all tunable. Class A/B/C IRRs and the platform fee revenue update in real time.
Username: investor — password is provided separately to qualified investors. Streamlit dashboard with every assumption exposed as a slider.
Master trust, 25-year shell, 5-year note series
The Issuer is an English orphan-trust SPV with a 25-year legal life. Within that shell the master trust issues a sequence of five-year note series — each is a separate set of senior, mezzanine and junior notes, but they sit on the same persistent legal infrastructure (trustee, paying agent, cash manager, listing). The set-up cost is paid once and amortised across multiple generations of investors.
Each note series has a defined Scheduled Redemption Date five years after issuance. During the revolving period the pool replenishes itself from settlement proceeds. In the final twelve months the pool stops re-originating and accumulated cash redeems the senior notes on schedule.
The four cohorts in the pool
The platform supports four UK consumer-redress cohorts, each with different cycle times and recovery profiles. Irresponsible lending resolves in around twelve weeks. Motor-finance redress under the FCA PS26/3 scheme resolves in around twelve months. Plevin (PPI) resolves in nine to twelve months. Energy mis-selling resolves in eighteen to thirty months.
A series may be single-cohort (e.g. an energy-only series for an investor who has no historical PPI conflict) or blended across cohorts. The mix is the load-bearing structural design choice for each issuance.
Maturity-matched replenishment — the structural alpha
Conventional ABS structures (RMBS, auto-loan, credit-card master trusts) lose yield in the final twelve months of a series because the pool stops re-originating and accumulated cash sits at base rate. Our platform avoids that drag: the twelve-week irresponsible-lending cohort remains eligible right up to the last quarter of the series tenor, so the maturity-matched replenishment mechanic converts what would have been an Accumulation Period of idle cash into a final tranche of yield-bearing loan notes.
This is the structural alpha the platform delivers over conventional ABS architectures. The cashflow model below makes the mechanic visible: at any point in the series life you can see which cohorts are still originable and how the pool tapers.
Interactive cashflow model
Every assumption in the model is tunable: pool size, series tenor, loan-note coupon, cohort weights, cohort cycle times, tranche sizes, tranche coupons and platform fee structure. The model is deterministic — same inputs produce identical outputs — so investor and platform can converge on a single agreed parameter set before committing to any transaction.
Class A and Class B IRRs track their coupon rates under all base scenarios; Class C IRR absorbs structural variance and is where stress scenarios are most visible. The platform fee revenue is shown as a separate line, with zero platform capital at risk in the structure.
How the structure controls risk
Every claim in every cohort must have binding Supreme Court precedent, ability-to-pay-tested defendants and ATE insurance — the bar is identical.
A blended series spreads exposure across four cohorts with different cycle times and recovery profiles, reducing concentration risk.
Class A senior notes are protected by Class B mezzanine and Class C junior absorbing first loss. The capital structure absorbs cohort underperformance before reaching senior holders.
The twelve-week irresponsible-lending cohort remains originable in the final months of each series, removing the cash-drag tail that conventional ABS structures suffer.
Investors interrogate the assumptions themselves before subscribing. No hidden levers, no black-box yield projections.
How this is regulated
The master-trust shell is structured for issuance under standard UK and Irish prospectus regimes. Each note series would be listed (Euronext Dublin or Luxembourg Stock Exchange are the working candidates) and settled through Euroclear / Clearstream. Investors deal with the issuer's own arranger directly; this platform is information only.
Nothing on this page is investment advice or a personal recommendation. Note series are high-risk, illiquid and unlikely to be covered by the Financial Services Compensation Scheme or the Financial Ombudsman Service. Take your own independent financial, tax and legal advice before any investment.
Frequently asked questions
Litigation Finance loan notes are single-issuer, single-cohort, simple-structure. The Securitisation platform pools loan notes across multiple firms and multiple cohorts into a master trust, issuing senior / mezzanine / junior tranches. The underlying economics are the same; the wrapper makes the product institutional-scale.
Indicative series sizes start at around £100m and can scale to £1bn+ on the same legal shell. Each series has its own ISIN, listing and waterfall.
No. It is an interactive model showing what the cashflows look like under a defined set of assumptions. Every parameter is a slider you can move. The actual returns on any real issuance will depend on operational execution and market conditions.
Not yet. The platform is in counsel review and structural confirmation. This page exists so qualified investors can examine the architecture and the live cashflow model before any specific issuance is approached.
Interested in securitisation?
Register your interest and we’ll let you know when an opportunity in this category passes due diligence. We do not take or hold your money on this platform — you would deal directly with the opportunity’s own investment team.
Register your interestNothing on this page is investment advice or a personal recommendation. Alternative investments are high-risk and illiquid; you could lose all the money you invest. Past performance is not a guide to future returns.