Advancr Bonds are fixed interest debt instruments issued by and secured against the assets of Triple Point Advancr Leasing PLC (Triple Point Advancr), a leasing and lending business. A debt instrument such as a bond, loan or debenture allows investors to lend money to a company in exchange for interest payments. A fixed-interest debt instrument pays a specified rate of interest that does not change over its life. The face value is returned when the investment matures. The Advancr Bond is secured on the assets of Triple Point Advancr, and Triple Point Investment Management LLP (Triple Point), acts as security trustee on behalf of Advancr Bondholders.

The Advancr Bond allows investors to access similar underlying deal flow to Triple Point’s highly rated Navigator Strategy, which since 2013 has provided over £180m of lease and asset finance to UK SMEs, and has consistently delivered on-target returns. Like the Navigator Strategy, the objective of Triple Point Advancr is to provide finance for business critical assets with a focus on generating regular, contractual cash flows from good quality customers, producing predictable returns for Advancr Bondholders.

Triple Point has arranged close to £1 billion of investments over the last 10 years to over 45,000 small and medium-sized businesses (SMEs). Since 2006 Triple Point has operated what has become one of the UK’s largest privately-capitalised leasing businesses, which has experienced month-on-month positive growth since inception.

By funding a wide range of different SMEs, Triple Point Advancr may provide Advancr Bondholders with additional diversification benefits when held alongside an existing portfolio. Investors have the option of receiving interest on a monthly basis or receiving compounded interest in one payment at the end of the Advancr Bond term.

Investors can choose a term of either 1, 2 or 3 years in duration.
Advancr Bonds do not give you shares, or a right to shares, in any companies.

A secured bond is a type of bond that is secured against / backed by the assets of the issuing company by way of a legal agreement.

This means that in the event that the issuer fails to make interest repayments, the investors have a claim on the issuer’s assets in order to enable them to get their money back.

Unsecured bonds are not secured by specific assets, but rather by "the full faith and credit" of the issuer. In other words, the investor has the issuer’s promise to repay but has no legal claim on specific collateral.

Secured debt is senior to unsecured debt.

Advancr Bonds are secured bonds.

This new type of ISA allows individuals to use some (or all) of their annual ISA investment allowance to invest into debentures such as Advancr Bonds, and then to receive all the interest earned tax-free.

The ISA allowance for the year 2017/18 is £20,000 and may be subject to change in the future.

Yes, in order to transfer the balance from existing cash or stocks and shares ISAs to the Advancr IFISA, simply complete our application form, which can be found here and return by email to customerservices@advancr.com

We will then contact your existing ISA Manager and arrange the transfer on your behalf.

No. Peer to Peer lending matches individual lenders and borrowers through an electronic market place without the platform itself bearing any of the risk of default. Peer to peer lenders usually generate revenue through transaction fees and as a result, benefit from higher volumes of loans that pass through the platform.

Triple Point Advancr is a leasing and lending business that uses its own balance sheet to fund SMEs. This means our money is also at risk, alongside the funds of investors, in every transaction.

We believe this structure aligns the interests of Triple Point Advancr with investors.

An investment in Advancr Bonds should enable you:

• to make a return above what you are likely to receive from cash in your bank account, which reflects the additional risk. Please see the Base Prospectus and our risk summary for additional information.
• to receive a steady income stream over a predictable time-frame or to re-invest your interest.
• to potentially diversify your investment portfolio by investing in another asset class, if you do not already have similar debt instruments.

Advancr Bonds have the following characteristics:

• Competitive annual returns, starting from the day you invest. Details of those rates and any applicable final terms can be found in the Base Prospectus and the documents section.
• They benefit from the Triple Point’s experience and 10 year track record in managing leasing and lending businesses.
• A low minimum investment amount of £1,000, to ensure that Advancr Bonds are accessible to a wide range of investors.
• You can select a term that works for you by choosing either a 1, 2 or 3 Year Advancr Bond.
• You choose to receive monthly income or a greater return on your capital by receiving one lump sum payment on the date of maturity.

Individuals aged 18 or over, firms, trusts, and foundations. We accept investors from most overseas territories except the USA.

You must pass any anti-money-laundering and due diligence checks that we run and be one of the following types of investors:

• Existing clients of a financial adviser who is regulated by the Financial Conduct Authority;
• Persons who meet the criteria for being an elected professional client in accordance with COBS 3.5
• Persons who qualify as certified high net worth individuals in accordance with COBS 4.7.7
• Persons who qualify as certified sophisticated investors in accordance with COBS 4.7.7
• Persons who confirm that they will only invest 10% of their net assets in non-readily realisable securities in accordance with COBS 4.7.10 (restricted investors).

The rate of interest Triple Point Advancr pays you in return for borrowing your money is likely to be higher than the interest you earn on savings in your bank account, though the risks may be greater (see the risk section).

The fixed interest you earn is dependent on the term of your selected Advancr Bonds. Please see our Factsheet for the latest Advancr Bond rates.

The fixed interest rate will be higher the longer you are prepared to lend to the company on like for like investments.

Interest rates are stated as a gross annual rate.

For more information about interest payments and the tax due on Advancr Bonds, see the FAQ below: ‘How much tax do I pay for investing in Advancr Bonds?’

Advancr Bonds start earning you interest once we receive your funds and they have cleared in the Client account.

For Advancr Bonds paying monthly interest:

Your bank account will be credited on the first business day following the end of each calendar month. Please note that if we do not have your bank details, funds will be paid into the Client Account, where they will remain (and not earn any additional interest), until you withdraw them.

Interest is not paid out (though it is earned) in the first month of investment. Instead, the interest accrues day to day in the first month and is rolled up and paid together with the second month's interest on the first business day following the end of that second month. Interest is paid based on a 360 day year. Where you have supplied your bank details, interest will be credited to your bank account. You can request to withdraw any interest credited to the Client Account at any time on demand from your dashboard or apply to reinvest the proceeds into additional Advancr Bonds if you prefer. Withdrawn money is subject to the normal bank clearing processes and timeframes.

For Advancr Bonds paying interest at the date of maturity:

Interest accrues day to day from the moment your bond is issued and is automatically reinvested each month on the first business day following the end of the calendar month. Upon the final maturity date, the entirety of the compounded interest is paid to you along with your original principal in one lump sum.

Register via the Advancr website at www.advancr.com. This takes about five minutes. Start by clicking on the green ‘Get Started,’ ‘Join’, or ‘Register’ buttons on the home-page (which can be found here).

First, enter your basic personal details (name, date of birth, email, mobile, address, and choose a password) and agree to our Terms & Conditions and Privacy Policy, possibly providing further identification details if requested by the anti-money laundering protocols. Then select the investor type you are and answer questions on your understanding of the risks of investing in Advancr Bonds. Next, choose how much you want to invest and into which Advancr Bonds. Pay (in £ Sterling only), either by a one-off direct debit or bank transfer, both done immediately through our online system. You will then be able to access your personalised dashboard.

As soon as you have finished this process, you will be sent an email with confirmation of your investment.

Within 14 days, a copy of your Advancr Bond Certificate will be available to view and download in the drop down menu found on your dashboard page. We will remind you by email when it is ready.

At any one time, you may invest in each of the three types of Advancr Secured Bond from as little as £1,000. The maximum value of a Triple Point Advancr Secured Bond is £1,000,000 and, in the case of applications exceeding £1,000,000, an additional bond will be issued for each £1,000,000 and part thereof.

No. There is no charge for investing in Advancr Bonds. Triple Point Advancr generates its revenue by earning rental and interest income from its business operations.

Click on the ‘Sign in’ box in the top-right of the Advancr home-page. Sign in with your username and password (if you have forgotten your password, see ‘I have forgotten my password. What should I do?’). The dashboard will show you how much you have invested and into which Advancr Bonds. Here you can also withdraw interest earned to date, invest more, view important documents, and change your account details.

Advancr Bonds are non-readily realisable securities and there is a risk of total loss of invested capital and interest, for example if Triple Point Advancr is unable to make repayments or the underlying security is insufficient. Investors will not become a shareholder or have any kind of ownership stake in any company.

Please review the risks section to find out more.

Advancr Bonds are secured investments and FSCS protection does not apply to them.

Therefore, if the Triple Point Advancr were to become insolvent or go out of business, holders of Advancr Bonds may lose all or part of their investment in the Advancr Bonds and no government or other body would be required to compensate them for such loss.

There are two types of relevant FSCS protection that apply to an Advancr Bondholder: deposits and investments.

Deposit protection applies when money belonging to investors is held in the Client Account. With investments in Advancr Bonds, this occurs initially when investor money is transferred to us to make an investment and when interest repayments and the repayment of capital are being held on behalf of investors. While the money is in a Client Account (which is likely to be a short period) it is protected by the FSCS deposit protection which is currently £85,000 per person. This Client Account is operated by Triple Point and is held with the Royal Bank of Scotland plc (RBS).

Investment scheme protection may be available in cases where loss is incurred by factors such as mis-selling or misrepresentation on our part, on or on the part of our appointed representatives. The FSCS investment protection is currently up to £50,000 per person.

This is unlikely to significantly affect the risk that investors assume when investing in Advancr Bonds. The FSCS is a fund of last resort to cover any claims investors might have against a firm that is in default. For more detail on the FSCS and their eligibility criteria see their website http://www.fscs.org.uk/what-we-cover/eligibility-rules/.

Investors should not invest on the basis of FSCS protection. While there are unique circumstances where it may apply, they are infrequent.

In the first instance of any concerns that you may have please contact our customer services team at complaints@advancr.com so that we can investigate your complaint fully. Please ensure that you include all of the following information: your full name and address, your investment details, what has happened / gone wrong, and how you would like us to put it right. A member of the team will acknowledge receipt of your email and will investigate the matter thoroughly before responding fully within five working days.

In the event you feel that we have not resolved your concern satisfactorily, you are entitled to complain directly about Triple Point Advancr Leasing plc, the issuer of the Base Prospectus, or Advancr Limited, the operator of the platform, or Triple Point Investment Management LLP the operator of the Client Account, directly to the Financial Ombudsman Service. For more detail on the Ombudsman and their eligibility criteria see their website: http://www.financial-ombudsman.org.uk

Triple Point Advancr is responsible for ensuring that interest payments are paid to the Client Account on your behalf. Triple Point Investment Management LLP manages the Client Account and is responsible for making payments to you.

It is important to note that tax treatment depends on your individual circumstances and is subject to change.

If your Advancr Bonds are held within the Advancr IFISA, you are not subject to income tax on the interest you earn on your Advancr Bond or Advancr Bonds.

If your Advancr Bonds are not held within the Advancr IFISA, you will be subject to income tax on the interest your earn on your Advancr Bond or Advancr Bonds. HMRC requires us to withhold Basic Rate Tax (currently 20%), which is then remitted to HMRC on your behalf.

The amount of tax you must ultimately pay will depend on your individual circumstances and tax status.

For example, if you are a higher or additional rate taxpayer, you may need to account for further tax in your Self-Assessment tax return. Consequently, before investing in Advancr Bonds it may be sensible for you to get tax advice from a suitably qualified adviser.

If you are investing via a UK corporation, you will receive the gross interest amount from your Advancr Bond as we are not required to withhold Basic Rate Tax in this circumstance.

Corporations and entities from overseas territories may also be eligible to receive gross interest.

Triple Point Advancr currently has a subscription limit of £100,000,000 as disclosed in the Base Prospectus dated 26 April 2019. This document should be read carefully before investing.

Advancr Bonds will be released in tranches for a predetermined amount. Once investors have collectively invested this amount, Triple Point Advancr will stop accepting Advancr Bond subscriptions for that particular series of Advancr Bonds. Once the subscription limit of £100,000,000 has been met, subscriptions will no longer be accepted.

Yes. Triple Point Advancr operates a resale market which allows investors to transfer Advancr Bonds to other investors on the platform, although we do not guarantee that Advancr Bonds listed for transfer will be purchased by other investors. Should you wish to transfer your Advancr Bond, please contact us via email at customerservices@advancr.com or on 0203 198 6983.

Triple Point Advancr pays you a fixed rate of interest on the basis that, except in exceptional circumstances (see ‘What happens to my Advancr Bonds if I die?’) your money stays invested for the whole of the agreed term. Although as previously mentioned, it is possible to offer Advancr Bonds for sale to other investors.

We will look at early-redemption applications on an exceptional basis and will endeavour to help our investors where possible but it is important that you understand that you are committing your money for the term of the Advancr Bond you select. This is also covered in the risks summary.

If you die while owning Advancr Bonds, your investment can be transferred to an authorised person acting on behalf of the estate.

If you are acting on behalf of the estate of a deceased investor who owns Advancr Bonds, please email customerservices@advancr.com or call +44 (0)20 3198 6983.

Yes. Triple Point Advancr does have the right to pay you back the amount you initially invested, as well as all accrued interest, before the end of the agreed term. This is unlikely to happen, though it is a protection mechanism for Triple Point Advancr should economic circumstances change so significantly that it becomes unable to continue deploying capital. You can read more about this in in the risks section.

You have the right to cancel your investment in an Advancr Bond for 14 days after the date you make your investment. After this, you generally cannot get your investment back until the end of the term (see Can I get my investment back early?). To cancel within the first 14 days, simply sign in to your account (which can be found here) and select the investment from the ‘View holdings’ tab on the drop down menu in the top right of the screen. A ‘Cancel Investment’ option will appear. Click this. Your investment will move from the ‘Live Investments’ list to ‘Historic Investments’, with the status showing as ‘Pending Cancellation’. We will notify you by email when your investment has been cancelled.

Click on the ‘Sign in’ box in the top-right of the home-page. Click on the ‘Forgot Password’ box which can be found underneath the green ‘Login’ box. An email will be sent to you with a new password, which you can use to log in to your account. Once signed in, you can change your password by clicking on the ‘Account’ tab found in the drop down menu on the top right of the dashboard. If you have any problems, please email customerservices@advancr.com or call +44 (0)20 3198 6983.

Once you have registered, you will be able to sign in to your account by clicking on the ‘Sign in’ button at the top-right of the home-page and entering your username and password. You can then access, and amend, your account details by clicking the ‘Account’ tab found on your dashboard. If you have any problems, please email customerservices@advancr.com or call +44 (0)20 3198 6983.