Ford Credit readies $1 bln TALF dealer floorplan ABS

Newswire

NEW YORK, Sept 23 (Reuters) - Ford Credit is marketing a $1 billion sale of asset-backed securities backed by auto dealer floorplans, market sources said on Wednesday. The five-year securities are being offered to investors during a roadshow ahead of the next round of the Federal Reserve's Term Asset-Backed Securities Loan Facility, known as TALF, on Oct. 2. The primary assets of the trust are a pool of loans originated in connection with the purchase and financing by Ford motor vehicle ...

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