U.S. Floorplan Risk Management
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•
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U.S. Floorplan Securitization
Outstanding Series*
Private Variable
Series
Funding Notes
144A Term Series
2006-1, 2014-5
2013-2, 2014-3, 2015-3,
2016-2
Public Term Series
2014-2, 2015-2, 2015-5,
2016-1, 2016-3, 2016-5,
2017-1, 2017-2, 2017-3,
Amount Outstanding ($Bils)
Senior Hard Enhancement (AAA Notes)
Maturity Ranges
$0.7
25.75%
$1.7
24.27%
2018-1, 2018-2, 2018-3,
2018-4
$11.2
24.35% 25.35%
March 2019 - October 2020
March 2020 - March 2023
-
Feb 2019 November 2028
Private Variable Funding Notes (VFN) are used to manage
seasonal fluctuations of Trust balance and provide an addition
source of liquidity
Total VFN capacity of $3.13 billion
Trust Balance (Bils)
Unfunded
Assets $5.1
Total Trust balance of $21.1 billion
* As of December 31, 2018
78
Ford FORD CREDIT
Existing
Subordination
$2.4
$21.1
Total Funding
$13.6View entire presentation