U.S. Floorplan Risk Management

U.S. Floorplan Securitization Key Series Triggers • • Enhancement Step-Up Trigger - If average monthly principal payment rate for the three preceding collection periods is less than 25%, subordination or reserve fund increases by 4 percentage points Amortization Triggers - - - Average monthly principal payment rate for the three preceding collection periods is less that 21% Cash balance in the excess funding account exceeds 30% of the adjusted invested amount of all series for three consecutive months Available subordinated amount is less than the required subordinated amount Bankruptcy, insolvency or similar events relating to the depositor, the issuer, Ford Credit or Ford Motor Company 77 Ford FORD CREDIT

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