10-K - Ford Credit Auto Lease Trust 2024-B (0002029654) (Filer)

Mon, Mar 24, 12:08 PM (34 days ago)

**Ford Credit Auto Lease Trust 2024-B (FCT2024B)** **Summary:** Ford Credit Auto Lease Trust 2024-B, sponsored by Ford Motor Credit Company LLC, is a securitization trust focused on auto leases. The trust does not have voting or non-voting common equity outstanding held by non-affiliates. Key points include: **Financial Performance:** - The document does not provide specific financial figures for revenue, net income, or operating expenses. **Strategic Overview & Future Outlook:** - The trust's strategy revolves around managing and servicing auto leases, with Ford Credit and U.S. Bank as primary servicing participants. - Both servicing participants have confirmed compliance with applicable servicing criteria for the period ending December 31, 2024. **Risk Factors:** - The document does not explicitly list risk factors, but typical risks for such trusts include credit risk, prepayment risk, and market risk. **Financial Condition:** - The trust's financial condition is supported by the compliance reports from Ford Credit and U.S. Bank, indicating no material instances of noncompliance. **Market Position:** - The trust's market position is not explicitly detailed, but it operates within the auto lease securitization market. **Key Exhibits:** - The document includes various agreements and certifications related to the trust's formation, servicing, and compliance. **Outlook:** - The trust's outlook appears stable, given the compliance reports and the ongoing servicing agreements. However, specific future performance indicators are not provided. **Ticker:** FCT2024B (Note: This is a hypothetical ticker as the actual ticker is not provided in the document.)