{
  "docId": "019de518-e192-7605-a588-a3e6c0419dd3",
  "docSlug": "ed2b159b44fdf0782a5e729e36c526bc",
  "documentTitle": "Ford | Investor Presentation Deck | 110 slides",
  "authorId": "ford",
  "authorName": "Ford",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2025-02-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 54,
  "pageCount": 110,
  "prevPage": 53,
  "nextPage": 55,
  "slideType": "other",
  "function": "other",
  "density": "overcrowded",
  "nDataPoints": 10,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de518-e192-7605-a588-a3e6c0419dd3/54",
  "deckHref": "/decks/019de518-e192-7605-a588-a3e6c0419dd3",
  "deckJsonHref": "/decks/019de518-e192-7605-a588-a3e6c0419dd3.json",
  "deckAnchorHref": "/decks/019de518-e192-7605-a588-a3e6c0419dd3#slide-54",
  "components": [
    {
      "bbox": {
        "h": 0.22,
        "w": 0.622,
        "x": 0.176,
        "y": 0.46
      },
      "kind": "chart",
      "text": "Ineligibles, Excess Spread*, Initial Hard Credit Enhancement**",
      "attrs": null,
      "subkind": "bar-vertical",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b1006485-910a-404a-b4f6-d2d61087009a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.889,
        "x": 0.066,
        "y": 0.33
      },
      "kind": "list",
      "text": "If the three-month rolling average annualized net losses as a percentage of aggregate principal balance of receivables exceeds 2.50%, the minimum discount rate will be increased by 370 bps",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0ba4ae91-4beb-48b4-bc36-ed394dbc655a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.906,
        "x": 0.048,
        "y": 0.14
      },
      "kind": "list",
      "text": "With each monthly receivables purchase, credit enhancement levels are established based upon compliance with various composition and net losses tests",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1976f4dd-7254-4085-bf1a-9ceb00923a94",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.889,
        "x": 0.066,
        "y": 0.268
      },
      "kind": "list",
      "text": "If the pool fails to meet all of the pool composition tests, the servicer will identify receivables in the pool to be deemed \"ineligible receivables\" so that the remaining receivables in the pool will satisfy all of the pool composition tests",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ac190738-addd-4d2b-8c4e-c77dc30560d4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.889,
        "x": 0.066,
        "y": 0.22
      },
      "kind": "list",
      "text": "If all floor credit enhancement composition tests are not met, the minimum discount rate will be increased by 70 bps",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b5f14be7-4250-4a77-9162-7b94463c1743",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.019,
        "w": 0.85,
        "x": 0.048,
        "y": 0.92
      },
      "kind": "source-note",
      "text": "** Initial hard credit enhancement (overcollateralization + subordination that is collateralized on an adjusted pool basis + reserve) as a % of adjusted pool balance",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0cf14501-bc65-4f1d-96ed-ea048ef631ee",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.038,
        "w": 0.89,
        "x": 0.048,
        "y": 0.941
      },
      "kind": "source-note",
      "text": "*** The pool composition tests feature concentration limits that are consistent with those of the floor test with the exception of the limit related to (i) receivables with consumer obligors with no FICO® score and (ii) receivables with commercial obligors with no FICO score. The scenarios in which the floor CE test is met while the pool composition test is failing would be a result of (i) or (ii) described in the previous sentence",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5fd728d2-a6f4-4468-83d3-6a5e47df706f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.019,
        "w": 0.85,
        "x": 0.048,
        "y": 0.899
      },
      "kind": "source-note",
      "text": "* Minimum annual excess spread including yield supplement (the discount rate will be set at a level necessary to produce an amount of excess spread sufficient to obtain the required ratings on the notes)",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bae32769-731e-4823-b21b-c43353b99a61",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.13,
        "w": 0.74,
        "x": 0.09,
        "y": 0.72
      },
      "kind": "table",
      "text": "Enhancement Scenario, Floor CE Composition Tests, Pool Composition Tests, Net Losses Test, Yield Supplement Discount Rate",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2878697a-8e6d-42f8-ae2f-ae7694902528",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}