U.S. Floorplan Risk Management

FordREV Pool Composition Tests . Pool composition limits mitigate the risk of adverse changes in composition - Applied to the entire pool when the issuer purchases or sells receivables • • Two levels of pool composition tests, which impact credit enhancement - Failure of any of the more stringent "Floor Credit Enhancement Composition Tests" results in an increase in credit enhancement Failure of any of the "Pool Composition Tests" will require the servicer to identify "ineligible receivables" so that the remaining receivables satisfy the tests - providing dollar-for-dollar credit enhancement for ineligible receivables As Ford Credit aims to securitize its portfolio of receivables consistently across its Ford REV and U.S. public retail transactions, the Pool and Floor Credit Enhancement Composition Tests are subject to periodic review, with modifications made only three times to the program Weighted Average FICO score at origination Recievables with original term > 60m Receivables for used vehicles 2019-REV1 Floor Credit Enhancement Composition Tests ≥ 715 ≤ 70% Receivables for used vehicles with original term > 60m Receivables for new vehicles with original term > 60m and obligors with no FICO score Receivables with consumer obligors with no FICO score Receivables with commercial obligors with no FICO score ≤ 17.5% ≤ 11% ≤ 4% not applicable not applicable Pool Composition Tests ≥ 700 ≤ 75% ≤ 22.5% ≤ 12% ≤ 5% ≤ 2% ≤ 22.5% 47 Ford FORD CREDIT

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