Case Study
The Ford Motor Credit Asset-Backed Financing

Prof. Ian Giddy, New York University


  The Deal:
  Questions:
  1. What is the legal structure of the Ford asset-backed financing?
  2. What are the economic benefits and costs to Ford in this ABS deal?
  3. What do the underlying assets earn?
  4. What rates do the securities pay?
  5. Other costs?
  6. Who gets the excess spread?
  7. How are the securities paid down? How does this affect the credit quality of the different tranches?
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