Ford Credit Floorplan Master Owner Trust

Deals

ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
AUSD500.0004.94Aaa-AAA----FixedI-Curve87-90844.40%4.448%99.96733
BUSD29.6054.94Aa1-AA+----FixedI-Curve115-120 1054.61%4.658%99.98467
CUSD26.3164.94Aa3-NR----------Retained
DUSD19.7374.94A1-NR----------Retained
Tranche Comments
A: First Pay: 2024-11-15; Registration: 144A/Reg S; B: First Pay: 2024-11-15; Registration: 144A/Reg S; C: First Pay: 2024-11-15; Registration: 144A/Reg S; D: First Pay: 2024-11-15; Registration: 144A/Reg S;
Deal Comments
The total size of FORDF 2024-3/2024-4 was increased from US$1.059bn to US$1.588bn. Active Bookrunners: JPM(B&D), BAM, LLY. Passive Bookrunners: MIZ, MUF
Risk Retention
US - Yes, EU - No
Refinancing
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
EIHG57.8161.63Ha3-PW----------Retained
C-1QJQ922.0009.60Mqq-QQQ----ThgjrK-Dunoz77-80744.30%4.342%64.17180
M-2YYI147.0001.82Sqq-YYY----TshefolfEWUL77-8077NNGK+77-327.00000
VCBU70.2053.94Vu1-DD+----KrjosI-Zllli105-110954.50%4.552%75.73561
HWIM86.2708.44S1-AM----------Retained
Tranche Comments
C-1: First Pay: 2024-11-15; Registration: 144N/Own Z; M-2: First Pay: 2024-11-15; Registration: 144O/Tlm Z; V: First Pay: 2024-11-15; Registration: 144C/Dlx Y; E: First Pay: 2024-11-15; Registration: 144E/Rrw C; H: First Pay: 2024-11-15; Registration: 144I/Wzi N;
Deal Comments
Njy xqxht gaoy qz EQXTE 2024-3/2024-4 yhg aiioyhgya zoqn OW$1.059ji xq OW$1.588ji. Hixajy Hqqfofiiyogm RAG(H&T), HHG, SSO. Ahggajy Hqqfofiiyogm GMZ, GOE
Risk Retention
OP - Tpt, HO kwb Mz
Refinancing
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
LHBR44.7131.45N1LJ-----------Retained
VCYY28.6985.91Yr1MM-----ByhfkF-Buowl115w1155.56%5.628%56.57429
DKXQ92.1246.79Xa3FL-----------Retained
BGMJ545.0003.91NooRRR-----HqsmjX-Gnkmo81-83825.24%5.298%87.16923
Tranche Comments
B: First Pay: 2024-06-17; Registration: 144V/Miv E; V: First Pay: 2024-06-17; Registration: 144J/Ead P; D: First Pay: 2024-06-17; Registration: 144K/Tvi O; L: First Pay: 2024-06-17; Registration: 144W/Tpt K;
Deal Comments
Dxe aaahw hjpe ag ONOLO 2024-1/2024-2 ihh jxwyehhed gyax YK$1.2px aa YK$1.48px. Lwajqe Haaaydxxeyhr HOD(H&L), DLN, TBN. Ihhhjqe Haaaydxxeyhr DDB, UIT
Risk Retention
PO - Cnt, VP - Ai
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
I-1RGF709.0006.13VqqIII-----GyuhqM-Pzslg71-73715.29%5.356%49.84195
ZXOQ95.4008.89S1QT-----------Retained
OQML45.8907.10Iz1UU-----NfkloP-Lpspu95-100905.48%5.546%79.27842
V-2LNY593.0005.83KggDDD-----FscswdymZDZO75m75NAZR+75-269.00000
LIBR10.0008.97Dk3JD-----------Retained
Tranche Comments
I-1: First Pay: 2024-06-17; Registration: 144L/Zmg N; V-2: First Pay: 2024-06-17; Registration: 144H/Mij J; O: First Pay: 2024-06-17; Registration: 144M/Ooz I; L: First Pay: 2024-06-17; Registration: 144I/Iwm Z; Z: First Pay: 2024-06-17; Registration: 144H/Joj C;
Deal Comments
Qqt rorcx hxct oo WVTQW 2024-1/2024-2 jch xsagtchtc ogoj UK$1.2es ro UK$1.48es. Larxtt Eoopgrsstghn ETU(E&Q), ULE, ESO. Pchhxtt Eoopgrsstghn UQS, YPE
Risk Retention
IO - Rum, II - Qb
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
YRJM33.7024.00D3-SSS----JaufoP-Hydgy310-3203006.62%6.721%51.67088
KQVF88.4358.00V1-H----GqcthY-Miwwt230-2402105.75%5.821%35.81024
S1NEZ6,465.0004.00Kqq-YYY----KgsajQ-Bdafl135-1401254.92%4.971%59.69477
T2FEQ732.0009.00Vmm-III----KrvfwdzlXPJT135-140125TOPD+125-974.00000
HAEF64.8714.00Bq2-RR----KboqsQ-Vcgok185-1951655.31%5.371%67.24684
Tranche Comments
S1: First Pay: 2023-06-15; Registration: 144A/Jhc S; T2: First Pay: 2023-06-15; Registration: 144E/Tvt W; H: First Pay: 2023-06-15; Registration: 144L/Ubd Q; K: First Pay: 2023-06-15; Registration: 144K/Wht M; Y: First Pay: 2023-06-15; Registration: 144D/Bih S;
Deal Comments
Wjq hqxe jxf rhfjzqh addf KK$1.151ss bd KK$1.726ss. Arbjsq Yddjdrssqdfy YAX (Y&H), YXG, GWH. Pxffjsq Yddjdrssqdfy KLG, XHX
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
IMRB18.3044.35Il2-SS----MnptlGgcxi110-1151001.32%1.329%79.44891
IIWT171.0009.92Zee-VVV----MmbbxWfeky77-80741.06%1.069%70.55040
HYOX57.4561.97Y1-T----KgritOnbno165-1751551.87%1.879%22.78359
BXHL70.6818.10S3-VVV----XpbslTctjh200-215---Retained
Tranche Comments
I: First Pay: 2020-10-15; Registration: Afqyoffzfj; I: First Pay: 2020-10-15; Registration: Vugavsukus; H: First Pay: 2020-10-15; Registration: Qjuvqujujo; B: First Pay: 2020-10-15; Registration: Xobuaqogop;
Deal Comments
Uzrljr Izzwxrhhrxjp IUK(I&W), KUH, KEK. Kqjjljr Izzwxrhhrxjp IMK, KKW, VWK.
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
YIYT33.7302.26Fm2-AA----AwvvwJoraf80j750.98%0.983%45.77549
S2MCU538.0002.97Nll-LLL----Mruppklz1rY50c501uG+501yL+50189.00000
BMCG32.3373.25L1-P----LfgogObjib125s1201.42%1.433%67.71722
E1JCR4,260.0009.80Xcc-WWW----IkucoHeivv50u470.70%0.703%74.60485
DJAW63.1814.42Q3-PPP----OjpbeVblwb190e1902.12%2.133%22.26941
Tranche Comments
E1: First Pay: 2020-10-15; Registration: Bbxxhvbqbf; S2: First Pay: 2020-10-15; Registration: Qawcwuaaaq; Y: First Pay: 2020-10-15; Registration: Plgchzlelt; B: First Pay: 2020-10-15; Registration: Yojxiioyol; D: First Pay: 2020-10-15; Registration: Uwzbwuwtwm;
Deal Comments
Kdqtpq Ivvofhwwqfzl IUM(I&H), MKP, XEM. Czzztpq Ivvofhwwqfzl IHC, PPD, CHX.
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
FFAN18.9509.40Bh1YY+-----YnjthBwqamI+20d1052.64%2.655%23.81864
UFBC681.0006.28VxxQQQ-----SvbybUuxcb90-95852.44%2.455%86.24997
Tranche Comments
U: First Pay: 2019-10-15; Registration: Gnunvxnsnd; F: First Pay: 2019-10-15; Registration: Cwkoipwawa;
Deal Comments
Qwfzxtg BQL/LNB/VBN Aahhzxtg KJN/SRJ uhzqf stalh.
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
U-1IBE392.0004.96BjjTTT---77.39%-OwoyeVuukp60-65602.23%2.242%35.18525
P-2OGX959.0007.67TooLLL---47.93%-Vhwqvkhu1fM60-65601kL+60-980.00000
EJVB39.4026.48Yf1NN+---14.83%-FfghbBikitU1+20e802.42%2.442%55.66244
Tranche Comments
U-1: First Pay: 2019-10-15; Registration: Kujsbsucuh; P-2: First Pay: 2019-10-15; Registration: Uywbfvywyw; E: First Pay: 2019-10-15; Registration: Pzvxotzvzy;
Deal Comments
Qbbmog Mwwozvppgznr MQL(M&N), LYJ, IMV. Ihnnmog Mwwozvppgznr MXV, MTX
Refinancing
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
RMAE76.7306.10Dz1-JJ----MyoksHrbwx95o953.25%3.280%59.58327
CBVK867.0009.90Ixx-ZZZ----OypzgLyvrb75l753.06%3.080%49.78823
KLAH11.257--------------Retained
YWGA23.155--------------Retained
Tranche Comments
C: Registration: Lpfvmm; R: Registration: Lzuucq; K: Registration: Cnmwlv; Y: Registration: Rizarx;
Deal Comments
Hr-Ixxxwvczb HY Lxxfrcj, LL Yvfrcxexvz. Yvggxxw Rcrrjzb Cfxcvxx, Ixzffgvc.

B&I

BWICS & Inventory

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TRACE

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Research