The Ford Motor Credit Asset-Backed Financing
Prof. Ian Giddy, New York University
Ford Credit Auto Owner Trust
What is the legal structure of the Ford asset-backed financing?
What are the economic benefits and costs to Ford in this ABS deal?
What do the underlying assets earn?
What rates do the securities pay?
Who gets the excess spread?
How are the securities paid down? How does this affect the credit quality of the different tranches?
Copyright ©2003 Ian Giddy. All rights reserved.