Fri, Mar 21, 12:03 PM (36 days ago)
**Summary of Ford Credit Auto Owner Trust 2022-B 10-K** **Company:** Ford Credit Auto Owner Trust 2022-B (No ticker, as it is a trust) **Financial Performance (2024):** - The document does not provide specific financial figures for revenue, net income, or operating expenses, as it is a trust filing and not a corporate entity with typical financial statements. **Strategic Overview:** - The trust is focused on managing auto receivables and related asset-backed securities. - Key servicers include Ford Motor Credit Company LLC (Ford Credit) and The Bank of New York Mellon (BNYM). **Future Outlook:** - The trust's performance is tied to the underlying auto receivables and the servicing agreements in place. - Compliance with servicing criteria is a key focus, with reports and attestations provided by independent accounting firms. **Risk Factors:** - Material instances of noncompliance with servicing criteria were identified by BNYM, but these did not affect the trust's asset-backed securities. - Ford Credit reported no material instances of noncompliance. **Financial Condition:** - The trust's financial condition is dependent on the performance of the underlying auto receivables and the effectiveness of the servicing arrangements. **Market Position Changes:** - The trust's market position is not explicitly detailed, as it is focused on specific asset-backed securities rather than broader market competition. **Key Filings and Exhibits:** - The document includes various agreements, certificates, and reports related to the trust's formation, operations, and compliance with servicing criteria. - Exhibits include the trust agreement, receivables purchase agreement, and servicing compliance statements. **Conclusion:** Ford Credit Auto Owner Trust 2022-B's 10-K filing provides insights into the trust's structure, servicing arrangements, and compliance with regulatory requirements. The trust's financial performance is tied to the underlying auto receivables and the effectiveness of the servicing agreements in place.