U.S. Floorplan Risk Management

U.S. Lease Securitization Structure Overview % of Initial Securitization Value Credit enhancement in the lease securitization program includes: • 80.1% Class A Notes ("AAA") • Class B Notes ("AA") Class C Notes ("Not Rated") Overcollateralization 4.5% 4.2% 11.2% Reserve Account 0.25% Excess Spread Total Initial Class A Hard Credit Enhancement ~20.2% . Subordination of junior notes Overcollateralization Cash reserve Excess spread (used to build target overcollateralization) Senior/subordinate, sequential pay structure Target OC: 13.7% of Initial Total Securitization Value 62 Ford FORD CREDIT

View entire presentation