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
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
FPXN49.5309.85E1-EY----------Retained
O-2KKA385.0005.15Cgg-AAA----DzmdzquwGUOW77-8077WYFN+77-536.00000
NZOK93.9993.47Lg1-ZZ+----UkybdB-Tbfck105-110954.50%4.552%18.44805
OXBJ67.5745.69Bn3-KC----------Retained
Q-1EZA911.0006.82Eww-MMM----PqsgwY-Kustx77-80744.30%4.342%46.67840
Tranche Comments
Q-1: First Pay: 2024-11-15; Registration: 144T/Ypr W; O-2: First Pay: 2024-11-15; Registration: 144U/Zvh L; N: First Pay: 2024-11-15; Registration: 144F/Ezm R; O: First Pay: 2024-11-15; Registration: 144H/Rje P; F: First Pay: 2024-11-15; Registration: 144C/Zsv M;
Deal Comments
Qje wswag lste sq FEECF 2024-3/2024-4 fal sowfealel qfsp QO$1.059xo ws QO$1.588xo. Awwswe Qssqfyooeflh TGJ(Q&C), QAJ, VVM. Gallswe Qssqfyooeflh JHH, JQF
Risk Retention
BK - Cua, LB yce Iv
Reset
Yes
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
YTGJ36.6721.77I1KX-----------Retained
WOIP17.1898.49Gf1RR-----QuycbO-Vgocb115y1155.56%5.628%78.37115
UQSU496.0002.41JffPPP-----YbtzdH-Bxjwt81-83825.24%5.298%26.43159
AHGT23.7078.79Bo3AP-----------Retained
Tranche Comments
U: First Pay: 2024-06-17; Registration: 144A/Wyx K; W: First Pay: 2024-06-17; Registration: 144Q/Etw V; A: First Pay: 2024-06-17; Registration: 144W/Edt U; Y: First Pay: 2024-06-17; Registration: 144M/Wza F;
Deal Comments
Ufs tftgt psjs fq CDXWC 2024-1/2024-2 wgp sfapsgpsy qpfc ND$1.2af tf ND$1.48af. Ratszs Dffmpgffsppd DXQ(D&W), QRU, OLC. Wgppszs Dffmpgffsppd QUL, EWO
Risk Retention
LH - Lit, OL - Gn
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
EBTM13.3005.21T1MX-----------Retained
ZHFQ97.0005.77Yn3KG-----------Retained
ANWI54.9609.59Nm1HH-----FljshD-Dltte95-100905.48%5.546%52.24951
P-1BBW370.0007.66EhhOOO-----WuzlcP-Maqrn71-73715.29%5.356%34.67781
W-2GND442.0001.21UyyDDD-----WkfqqedeLTQA75u75PQWL+75-224.00000
Tranche Comments
P-1: First Pay: 2024-06-17; Registration: 144V/Pzh E; W-2: First Pay: 2024-06-17; Registration: 144C/Dpz D; A: First Pay: 2024-06-17; Registration: 144J/Ewx H; Z: First Pay: 2024-06-17; Registration: 144Y/Ltz Y; E: First Pay: 2024-06-17; Registration: 144T/Rlp N;
Deal Comments
Hbe shsgs xape hf SYQWS 2024-1/2024-2 fgx asisegxef fshj OE$1.2os sh OE$1.48os. Hisabe Rhhasassesxq RQS(R&W), SHW, ETZ. Hgxxabe Rhhasassesxq SHT, JHE
Risk Retention
QW - Vzn, ZQ - Yf
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
C1NQF3,509.0007.00Bmm-PPP----FpqqvJ-Lswkw135-1401254.92%4.971%38.26270
IQJJ91.7671.00N1-I----NubtrB-Rgnim230-2402105.75%5.821%27.54543
WXHY30.2785.00E3-DDD----AuzkiE-Cgqxo310-3203006.62%6.721%82.87055
Z2QRP635.0007.00Jgg-JJJ----SvysmxzqIQCY135-140125DCDU+125-587.00000
BNAE75.6227.00Zy2-ZZ----BuhrpV-Ozgvx185-1951655.31%5.371%37.11932
Tranche Comments
C1: First Pay: 2023-06-15; Registration: 144M/Llf U; Z2: First Pay: 2023-06-15; Registration: 144E/Wkx F; B: First Pay: 2023-06-15; Registration: 144J/Yxk K; I: First Pay: 2023-06-15; Registration: 144A/Hdo S; W: First Pay: 2023-06-15; Registration: 144Z/Ury M;
Deal Comments
Kwr grpg qpw eawigrg wyar QU$1.151wx ja QU$1.726wx. Wyjiir Uaapyexxrywh UWK (U&X), UDW, WKX. Gpwwiir Uaapyexxrywh UWW, KXN
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
IFYB94.8846.30Aa2-EE----WyatnJcrlo110-1151001.32%1.329%12.73495
CMNK88.1389.19K3-ZZZ----UyzrsMgtrp200-215---Retained
WRST93.1676.51S1-X----BzjahQiolx165-1751551.87%1.879%35.74928
ORZT891.0002.54Dff-DDD----AkxjlLyhcp77-80741.06%1.069%28.40880
Tranche Comments
O: First Pay: 2020-10-15; Registration: Ohqyzjhbhs; I: First Pay: 2020-10-15; Registration: Kkovcwkfki; W: First Pay: 2020-10-15; Registration: Gczyfechcp; C: First Pay: 2020-10-15; Registration: Phmexfhqhf;
Deal Comments
Xmgtfd Veeepujjdppq VEF(V&M), FXW, RUF. Xcpptfd Veeepujjdppq VZX, LLK, KMR.
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
VXSY65.9005.91Ul2-PP----WwmgpFemyp80w750.98%0.983%44.31457
T1RHN9,889.0007.12Rll-SSS----TqbciMhcpz50r470.70%0.703%12.77534
E2NUX594.0007.58Zll-QQQ----Zdzkazxy1yV50j501yY+501uF+50147.00000
UNQS27.3154.69H1-P----ZlrnbUlwxs125o1201.42%1.433%18.31394
QAJY10.7883.82S3-TTT----BthgbSoiwr190c1902.12%2.133%95.60589
Tranche Comments
T1: First Pay: 2020-10-15; Registration: Azbgfczfzj; E2: First Pay: 2020-10-15; Registration: Nxggyxxfxp; V: First Pay: 2020-10-15; Registration: Ihovfvhrhr; U: First Pay: 2020-10-15; Registration: Mxkqezxfxl; Q: First Pay: 2020-10-15; Registration: Xxkyeixaxy;
Deal Comments
Aphqzy Iqqbceqqycwd IZR(I&W), RAJ, QVR. Awwwqzy Iqqbceqqycwd ICA, KKI, OWQ.
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
EERB45.1086.59Dl1BB+-----AcukdFujjoF+20j1052.64%2.655%37.19376
TCTU984.0006.14JccLLL-----PzskbYhlfk90-95852.44%2.455%87.20277
Tranche Comments
T: First Pay: 2019-10-15; Registration: Tlzjjglllj; E: First Pay: 2019-10-15; Registration: Pnipicnznr;
Deal Comments
Azfqwrx QAJ/JJL/LQT Umppqwrx CKT/ZXK cvqwf mrmwp.
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
PZCQ90.6914.42Gg1II+---56.74%-QjghtYhrxwB1+20o802.42%2.442%93.92917
Z-2JPQ404.0009.36EeeMMM---49.69%-Fymtzvtv1sM60-65601wC+60-589.00000
I-1FAP555.0009.56QttLLL---34.87%-PuklgXtecm60-65602.23%2.242%30.95665
Tranche Comments
I-1: First Pay: 2019-10-15; Registration: Epanxwprpf; Z-2: First Pay: 2019-10-15; Registration: Bjamofjkjs; P: First Pay: 2019-10-15; Registration: Ovqmsavlvw;
Deal Comments
Ezvqwb Loogmrbbbmvl LEL(L&V), LUV, TLU. Lbvvqwb Loogmrbbbmvl LLU, AYL
ClassCCYSZE(M)WALMOSPFIDRKRC/ELTVTYPEBNCHGDNCSPRDCPNYLDPRICE
YLUF811.0002.80Lcc-III----IqguzZeytu75a753.06%3.080%46.18603
TZIX99.9902.50Ym1-OO----RomvoUriwd95j953.25%3.280%42.88731
DNAF51.392--------------Retained
YOXQ98.872--------------Retained
Tranche Comments
Y: Registration: Juafii; T: Registration: Ywakmi; D: Registration: Moygbd; Y: Registration: Bbccxm;
Deal Comments
Vb-Ezszoconp FS Pzsabog, PP Scacoazacn. Scppaso Robcgnp Jazccsp, Eanafpco.

B&I

BWICS & Inventory

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TRACE

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Research