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Securitization in the Luxembourg
Market
Dirk Coetzer
Introduction
• An experienced investment executive, Dirk Coetzer
leads as managing director of ICON Capital Sarl and
Firminy Capital Sarl. In his role with Firminy Capital Sarl
of Luxembourg, Dirk Coetzer works in-depth with
securitization vehicles.
Securitization vehicles allow individuals or
organizations to place a portion of their wealth with a
third party who will bear the risk of managing it. That
third party then collects the placed assets and
translates them into securities, which it then sells to
investors. Ultimately, those investors take on the risk of
the assets in question.
Securitization
• Registered funds, such as the Firminy Equity Fund, may
take on a number of asset types. These include
commercial debts, immovable assets, and
subordinated and non-subordinated debenture loans.
Once allocated, the assets in question may provide the
assigner with greater access or more diverse access to
capital.
By law, the fund itself must undergo management by a
commercial organization, the government of which
depends on the type of firm. These companies
themselves are subject to tax, though vehicles are tax-
neutral and investor payments are tax-deductible.

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Securitization in the Luxembourg Market

  • 1. Securitization in the Luxembourg Market Dirk Coetzer
  • 2. Introduction • An experienced investment executive, Dirk Coetzer leads as managing director of ICON Capital Sarl and Firminy Capital Sarl. In his role with Firminy Capital Sarl of Luxembourg, Dirk Coetzer works in-depth with securitization vehicles. Securitization vehicles allow individuals or organizations to place a portion of their wealth with a third party who will bear the risk of managing it. That third party then collects the placed assets and translates them into securities, which it then sells to investors. Ultimately, those investors take on the risk of the assets in question.
  • 3. Securitization • Registered funds, such as the Firminy Equity Fund, may take on a number of asset types. These include commercial debts, immovable assets, and subordinated and non-subordinated debenture loans. Once allocated, the assets in question may provide the assigner with greater access or more diverse access to capital. By law, the fund itself must undergo management by a commercial organization, the government of which depends on the type of firm. These companies themselves are subject to tax, though vehicles are tax- neutral and investor payments are tax-deductible.