Mon, Mar 24, 12:04 PM (34 days ago)
**Ford Credit Floorplan Master Owner Trust A (FCTA) 10-K Summary** **Company Overview:** Ford Credit Floorplan Master Owner Trust A (FCTA) is a securitization vehicle sponsored by Ford Motor Credit Company LLC (Ford Credit). It focuses on financing and servicing floorplan assets, which are loans to dealers for inventory financing. **Financial Performance:** The 10-K does not provide specific financial figures for revenue, net income, or operating expenses. However, it includes various exhibits and agreements related to the trust's operations and servicing functions. **Strategic Overview:** FCTA's strategy revolves around managing and servicing floorplan assets efficiently. The trust has established agreements with key parties, including Ford Credit and The Bank of New York Mellon (BNYM), to ensure compliance with servicing criteria and maintain the trust's financial health. **Future Outlook:** The outlook is not explicitly detailed in the provided document. However, the trust's focus on compliance and efficient servicing suggests a commitment to maintaining its financial condition and market position. **Risk Factors:** The document does not explicitly list risk factors. However, potential risks may include servicing compliance issues, market fluctuations affecting the value of floorplan assets, and operational risks associated with the trust's servicing functions. **Financial Condition:** The trust's financial condition is supported by its compliance with servicing criteria and the agreements in place with Ford Credit and BNYM. The trust has no voting or non-voting common equity outstanding held by non-affiliates. **Market Position:** The trust's market position is not explicitly detailed. However, its relationship with Ford Credit and its focus on compliance and efficient servicing suggest a stable position in the floorplan financing market. **Key Changes and Exhibits:** The 10-K includes several exhibits related to the trust's agreements, certificates of formation, and compliance reports. Notable exhibits include the Amended and Restated Trust Agreement, Receivables Purchase Agreements, and various Indenture Supplements. The trust has also filed reports on assessment of compliance with servicing criteria for Ford Credit and BNYM, along with attestation reports from independent registered public accounting firms. **Ticker:** FCTA is not a publicly traded company, and therefore does not have a ticker symbol.