Form 10-D FORD CREDIT FLOORPLAN For: Apr 30
Tweet
Share
E-mailUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-D | ||
ASSET-BACKED ISSUER
DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the monthly distribution period from April 1, 2022 to April 30, 2022
Commission File Number of issuing entity: 333-227766
Central Index Key Number of issuing entity: 0001159408
Ford Credit Floorplan Master Owner Trust A
(Exact name of issuing entity as specified on its charter)
Commission File Number of depositor: 333-227766-01
Central Index Key Number of depositor: 0000872471
Ford Credit Floorplan Corporation
(Exact name of depositor as specified on its charter)
And
Commission File Number of depositor: 333-227766-02
Central Index Key Number of depositor: 0001061198
Ford Credit Floorplan LLC
(Exact name of depositor as specified on its charter)
Central Index Key Number of Sponsor: 0000038009
Ford Motor Credit Company LLC
(Exact name of sponsor as specified in its charter)
Ryan M. Hershberger, Phone: 313-594-3495
(Name and telephone number, including area code, of the person to contact in connection with this filing)
Delaware
(State or jurisdiction of incorporation or organization of the issuing entity)
38-6787145
(I.R.S. Employer Identification No.)
| c/o U.S. Bank Trust National Association 1011 Centre Road, Suite 203 Wilmington, Delaware (Address of principal executive offices) | 19805 (zip code) | ||||
(800) 934-6802
(Telephone Number, including area code)
Registered/reporting pursuant to (check on
| Title of Class | Section 12(b) | Section 12(g) | Section 15(d) | Name of Exchange (If Section 12(b)) | ||||||||||
Series 2017-3 Class A, B, C, D Asset Backed Notes | X | |||||||||||||
Series 2018-2 Class A, B, C, D Asset Backed Notes | X | |||||||||||||
Series 2018-4 Class A, B, C, D Asset Backed Notes | X | |||||||||||||
Series 2019-2 Class A, B, C, D Asset Backed Notes | X | |||||||||||||
Series 2019-3 Class A-1, A-2, B, C, D Asset Backed Notes | X | |||||||||||||
Series 2019-4 Class A, B, C, D Asset Backed Notes | X | |||||||||||||
| Series 2020-1 Class A-1, A-2, B, C, D Asset Backed Notes | X | |||||||||||||
| Series 2020-2 Class A, B, C, D Asset Backed Notes | X | |||||||||||||
1
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ No o
PART I - DISTRIBUTION INFORMATION
Item 1. Distribution and Pool Performance Information.
Distribution and performance information of the asset pool of the issuing entity is set forth in the attached Monthly Investor Report.
PART II - OTHER INFORMATION
Item 10. Exhibits.
| (a) Documents filed as part of this report: | |||||
| Exhibit 99.1 | |||||
| Exhibit 99.2 | |||||
| (b) Exhibits required by this Form and Item 601 of Regulation S-K: | |||||
| None | |||||
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Servicer, on behalf of the issuing entity, has duly caused this report to be signed by the undersigned duly authorized.
| Ford Credit Floorplan Master Owner Trust A | |||||
(Issuing entity) | |||||
| By: Ford Motor Credit Company LLC (Servicer) | |||||
/s/ Ryan M. Hershberger | |||||
Name: Ryan M. Hershberger | |||||
Title: Assistant Treasurer | |||||
Date: May 27, 2022
3
Exhibit 99.1
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| Additional information about the structure, cash flows, defined terms and parties for each publicly registered series of asset-backed securities covered in this report can be found in the applicable prospectus for the series, available on the SEC website (http://www.sec.gov) under registration number 333-206773 or 333-227766, as applicable, and at https:/www.ford.com/finance/investor-center/asset-backed-securitization, located under "Prospectuses" in the "Ford Credit Floorplan Master Owner Trust A" Section. | |||||
| Contents | Pages | ||||
| Trust Summary | 1‑8 | ||||
| Series 2017-3 Summary | 9-12 | ||||
| Series 2018-2 Summary | 13-16 | ||||
| Series 2018-4 Summary | 17-20 | ||||
| Series 2019-2 Summary | 21-24 | ||||
| Series 2019-3 Summary | 25-28 | ||||
| Series 2019-4 Summary | 29-32 | ||||
| Series 2020-1 Summary | 33-36 | ||||
| Series 2020-2 Summary | 37-40 | ||||
| Trust Summary | |||||
| I. Principal Receivables | Trust Total | ||||
| A. Beginning Adjusted Pool Balance | $ | 10,318,004,828.22 | |||
| B. Principal Collections | $ | 7,380,876,760.91 | |||
| C. Principal Adjustments | $ | (86,679,536.33) | |||
| D. Principal Reduction - Redesignated Accounts | $ | 0.00 | |||
| E. Defaulted Receivables | $ | 0.00 | |||
| F. New Principal Receivables | $ | 6,415,957,105.85 | |||
| G. Principal Increase - Additional Accounts | $ | 0.00 | |||
| H. Net Deposits / (Withdrawals) to the Excess Funding Account | $ | 75,000,000.00 | |||
| Ending Adjusted Pool Balance (A-B-C-D-E+F+G+H) | $ | 9,514,764,709.49 | |||
| Monthly Principal Payment Rate | 72.59 | % | |||
Page 1
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| II. Interest Collections | Trust Total | |||||||||||||||||||||||||||||||
| Gross Interest Collections | $ | 31,670,534.23 | ||||||||||||||||||||||||||||||
| Interest Adjustments | $ | 0.00 | ||||||||||||||||||||||||||||||
| Recoveries | $ | 0.00 | ||||||||||||||||||||||||||||||
| Interest Earned on Collection Account | $ | 7,973.16 | ||||||||||||||||||||||||||||||
| Interest Earned on Excess Funding Account | $ | 6,338.41 | ||||||||||||||||||||||||||||||
| Interest Earned on Backup Servicer Reserve Account | $ | 48.80 | ||||||||||||||||||||||||||||||
| Interest Collections | $ | 31,684,894.60 | ||||||||||||||||||||||||||||||
| Memo: Annualized Yield | 3.69 | % | ||||||||||||||||||||||||||||||
| III. Principal Collections | ||||||||||||||||||||||||||||||||
| Trust Total | ||||||||||||||||||||||||||||||||
| Principal Collections | $ | 7,380,876,760.91 | ||||||||||||||||||||||||||||||
| IV. Series Balances | ||||||||||||||||||||||||||||||||
| Series | Beginning of Period Adjusted Invested Amount | Increase/(Decrease) | End of Period Adjusted Invested Amount | Increase/(Decrease) | Payment Date Adjusted Invested Amount | |||||||||||||||||||||||||||
| 2006-1 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||||||
| 2014-5 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | $ | 0.00 | ||||||||||||||||||||||
| 2015-3 | $ | 300,000,000.00 | $ | 0.00 | $ | 300,000,000.00 | $ | (300,000,000.00) | $ | 0.00 | ||||||||||||||||||||||
| 2016-2 | $ | 750,000,000.00 | $ | 0.00 | $ | 750,000,000.00 | $ | 0.00 | $ | 750,000,000.00 | ||||||||||||||||||||||
| 2017-3 | $ | 632,680,000.00 | $ | 0.00 | $ | 632,680,000.00 | $ | 0.00 | $ | 632,680,000.00 | ||||||||||||||||||||||
| 2018-2 | $ | 575,164,000.00 | $ | 0.00 | $ | 575,164,000.00 | $ | 0.00 | $ | 575,164,000.00 | ||||||||||||||||||||||
| 2018-4 | $ | 807,334,000.00 | $ | 0.00 | $ | 807,334,000.00 | $ | 0.00 | $ | 807,334,000.00 | ||||||||||||||||||||||
| 2019-2 | $ | 575,658,000.00 | $ | 0.00 | $ | 575,658,000.00 | $ | 0.00 | $ | 575,658,000.00 | ||||||||||||||||||||||
| 2019‑3 | $ | 1,439,145,000.00 | $ | 0.00 | $ | 1,439,145,000.00 | $ | 0.00 | $ | 1,439,145,000.00 | ||||||||||||||||||||||
| 2019‑4 | $ | 805,922,000.00 | $ | 0.00 | $ | 805,922,000.00 | $ | 0.00 | $ | 805,922,000.00 | ||||||||||||||||||||||
| 2020‑1 | $ | 1,324,013,000.00 | $ | 0.00 | $ | 1,324,013,000.00 | $ | 0.00 | $ | 1,324,013,000.00 | ||||||||||||||||||||||
| 2020‑2 | $ | 863,487,000.00 | $ | 0.00 | $ | 863,487,000.00 | $ | 0.00 | $ | 863,487,000.00 | ||||||||||||||||||||||
| Depositor's Amount: | $ | 2,244,601,828.22 | $ | 1,441,361,709.49 | ||||||||||||||||||||||||||||
| Total | $ | 10,318,004,828.22 | $ | 9,514,764,709.49 | ||||||||||||||||||||||||||||
Page 2
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| V. Principal and Interest Allocations | |||||||||||||||||||||||||||||
| Series | Floating Investor % | Investor Principal Collections | Investor Interest Collections | ||||||||||||||||||||||||||
| 2006‑1 | 0.00 | % | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| 2014‑5 | 0.00 | % | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| 2015‑3 | 2.91 | % | $ | 214,601,860.06 | $ | 921,250.62 | |||||||||||||||||||||||
| 2016‑2 | 7.27 | % | $ | 536,504,650.16 | $ | 2,303,126.56 | |||||||||||||||||||||||
| 2017‑3 | 6.13 | % | $ | 452,581,016.08 | $ | 1,942,856.15 | |||||||||||||||||||||||
| 2018‑2 | 5.57 | % | $ | 411,437,547.47 | $ | 1,766,233.98 | |||||||||||||||||||||||
| 2018‑4 | 7.82 | % | $ | 577,517,926.97 | $ | 2,479,189.84 | |||||||||||||||||||||||
| 2019‑2 | 5.58 | % | $ | 411,790,925.20 | $ | 1,767,750.97 | |||||||||||||||||||||||
| 2019‑3 | 13.95 | % | $ | 1,029,477,313.00 | $ | 4,419,377.43 | |||||||||||||||||||||||
| 2019‑4 | 7.81 | % | $ | 576,507,867.55 | $ | 2,474,853.82 | |||||||||||||||||||||||
| 2020‑1 | 12.83 | % | $ | 947,118,841.82 | $ | 4,065,826.01 | |||||||||||||||||||||||
| 2020‑2 | 8.37 | % | $ | 617,686,387.80 | $ | 2,651,626.46 | |||||||||||||||||||||||
| Depositors % | 21.75 | % | $ | 1,605,652,424.80 | $ | 6,892,802.76 | |||||||||||||||||||||||
| 100.00 | % | $ | 7,380,876,760.91 | $ | 31,684,894.60 | ||||||||||||||||||||||||
| Memo | |||||||||||||||||||||||||||||
| Excess Depositor % | 6.74 | % | |||||||||||||||||||||||||||
| Excess Depositor Collection | $ | 497,145,350.94 | $ | 2,134,163.54 | |||||||||||||||||||||||||
| Depositor Servicing Fee | $ | 1,843,308.74 | |||||||||||||||||||||||||||
| Depositor Backup Servicing Fee | $ | 11,981.51 | |||||||||||||||||||||||||||
| VI. Status Accounts and Net Losses | |||||||||||||||||||||||||||||
| Trust Total | |||||||||||||||||||||||||||||
| Principal Reduction - Receivables relating to accounts (including Performance Impaired and other "status" accounts) that were reassigned by the Issuer to the Depositors. | $ | 0.00 | |||||||||||||||||||||||||||
| Status Distribution | |||||||||||||||||||||||||||||
| Number of Days Since Redesignation of Status Account | Principal Balance in Redesignated Status Accounts | % of Total Principal Balance | Number of Redesignated Status Accounts | % of Total Number of Designated Accounts | |||||||||||||||||||||||||
| 1-30 | — | — | — | — | |||||||||||||||||||||||||
| 31-60 | — | — | — | — | |||||||||||||||||||||||||
| 61-90 | — | — | — | — | |||||||||||||||||||||||||
| 91-120 | — | — | — | — | |||||||||||||||||||||||||
| 121-150 | — | — | — | — | |||||||||||||||||||||||||
| 151-180 | — | — | — | — | |||||||||||||||||||||||||
| Total | — | — | — | — | |||||||||||||||||||||||||
| The principal amount of Receivables in "status" accounts that remain in the Trust Pool following the end of the Collection Period | $ | 0.00 | |||||||||||||||||||||||||||
| The principal amount of Receivables in "status" accounts as a % of Trust Pool | 0.00 | % | |||||||||||||||||||||||||||
| Status Trigger (11.1%) Occurred? Yes (Y) / No (N) | N | ||||||||||||||||||||||||||||
Page 3
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| Net Losses | |||||||||||||||||||||||||||||
| # of Dealer Accounts | Amount | ||||||||||||||||||||||||||||
| Current Collection Period Loss: | |||||||||||||||||||||||||||||
| Defaulted Receivables (Charge-Offs) | 0 | $ | 0.00 | ||||||||||||||||||||||||||
| (Recoveries) | 0 | $ | 0.00 | ||||||||||||||||||||||||||
| Net Loss for Current Collection Period | $ | 0.00 | |||||||||||||||||||||||||||
| Ratio of Net Loss for Current Collection Period to Average of Period Pool Balance | 0 | % | |||||||||||||||||||||||||||
| Prior and Current Collection Period Losses: | |||||||||||||||||||||||||||||
| Ratio of Net Loss to Average of Period Pool Balance | |||||||||||||||||||||||||||||
| Third Prior Collection Period | 0 | % | |||||||||||||||||||||||||||
| Second Prior Collection Period | 0 | % | |||||||||||||||||||||||||||
| Prior Collection Period | 0 | % | |||||||||||||||||||||||||||
| Current Collection Period | 0 | % | |||||||||||||||||||||||||||
| Four Month Average (Current and Prior Three Collection Periods) | 0 | % | |||||||||||||||||||||||||||
| VII. Excess Funding Account | ||||||||||||||||||||||||||
| Beginning Period Balance | $ | 150,000,000.00 | ||||||||||||||||||||||||
| Net Deposits / (Withdrawals) | $ | 75,000,000.00 | ||||||||||||||||||||||||
| Ending Period Balance | $ | 225,000,000.00 | ||||||||||||||||||||||||
| Determination Date balance before giving effect to Payment Date Cashflows | $ | 225,000,000.00 | ||||||||||||||||||||||||
| Determination Date balance after giving effect to Payment Date Cashflows | $ | 225,000,000.00 | ||||||||||||||||||||||||
| Memo | ||||||||||||||||||||||||||
| Excess Funding Account as a % of aggregate Adjusted Invested Amount | 2.79 | % | ||||||||||||||||||||||||
| Interest earned on Excess Funding Account | $ | 6,338.41 | ||||||||||||||||||||||||
| VIII. Backup Servicer Reserve Account | ||||||||||||||
| Backup Servicer Reserve Account | $ | 200,000.00 | ||||||||||||
Page 4
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| IX. Non-Conforming Receivables | ||||||||||||||||||||||||||
| Trust Total | ||||||||||||||||||||||||||
| Ineligible Receivables | $ | 62,011,574.89 | ||||||||||||||||||||||||
| Dealer Overconcentration | $ | 0.00 | ||||||||||||||||||||||||
| Manufacturer Overconcentration (>2% of pool balance) | $ | 68,036,196.94 | ||||||||||||||||||||||||
| Used Vehicle Overconcentration a\ | $ | 0.00 | ||||||||||||||||||||||||
| Medium and Heavy Truck Overconcentration | $ | 30,660,255.05 | ||||||||||||||||||||||||
| Development Dealer Overconcentration | $ | 0.00 | ||||||||||||||||||||||||
| Fleet Overconcentration | $ | 113,184,940.90 | ||||||||||||||||||||||||
| Non-Conforming Receivable Amount | $ | 273,892,967.78 | ||||||||||||||||||||||||
| Memo | ||||||||||||||||||||||||||
| Principal Receivables relating to Vehicles on Used Lines. | $ | 1,033,057,476.68 | ||||||||||||||||||||||||
| Principal Receivables relating to Vehicles on Used Lines as a % of Pool Balance | 11.12 | % | ||||||||||||||||||||||||
| Principal Receivables relating to AutoNation | $ | 132,486,192.95 | ||||||||||||||||||||||||
| Principal Receivables relating to AutoNation as a % of Pool Balance | 1.43 | % | ||||||||||||||||||||||||
| Principal Receivables relating to Development Dealers | $ | 0.00 | ||||||||||||||||||||||||
| Principal Receivables relating to Development Dealers as a % of Pool Balance | 0.00 | % | ||||||||||||||||||||||||
| Principal Receivables relating to Fleet | $ | 484,775,529.28 | ||||||||||||||||||||||||
| Principal Receivables relating to Fleet as a % of Pool Balance | 5.22 | % | ||||||||||||||||||||||||
| Principal Receivables relating to New and Used Medium Heavy Truck Lines | $ | 216,455,549.24 | ||||||||||||||||||||||||
Principal Receivables relating to New and Used Medium Heavy Truck Lines as a % of Pool Balance | 2.33 | % | ||||||||||||||||||||||||
Principal Receivables relating to Program Vehicles b\ | $ | 415,187,690.98 | ||||||||||||||||||||||||
Principal Receivables relating to Program Vehicles as % of Pool Balance | 4.47 | % | ||||||||||||||||||||||||
a\ Includes receivables related to vehicles on Used Lines and Program Lines | ||||||||||||||||||||||||||
b\ Primarily off-lease vehicles purchased by a dealer at a Ford Credit approved auction. Program lines are separate from Used Lines | ||||||||||||||||||||||||||
Page 5
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| X. Subordination and Depositor Amount as of Determination Date | |||||||||||||||||||||||||||||
| Subordinated % | Subordinated % times (Initial Note Balance minus EFA) | Incremental Subordinated Amount | Required Subordinated Amount | ||||||||||||||||||||||||||
| Series | (A) | (B) | (A + B) | ||||||||||||||||||||||||||
| 2006‑1 | 33.33 | % | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||
| 2014‑5 | 17.65 | % | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||
| 2015‑3 | 30.72 | % | $ | 92,156,862.75 | $ | 2,714,160.64 | $ | 94,871,023.39 | |||||||||||||||||||||
| 2016‑2 | 30.72 | % | $ | 223,723,489.96 | $ | 28,038,294.26 | $ | 251,761,784.22 | |||||||||||||||||||||
| 2017‑3 | 13.64 | % | $ | 83,777,341.50 | $ | 20,561,424.29 | $ | 104,338,765.79 | |||||||||||||||||||||
| 2018‑2 | 13.64 | % | $ | 76,161,267.70 | $ | 18,692,215.71 | $ | 94,853,483.41 | |||||||||||||||||||||
| 2018‑4 | 15.61 | % | $ | 122,353,049.67 | $ | 26,692,478.18 | $ | 149,045,527.85 | |||||||||||||||||||||
| 2019‑2 | 14.29 | % | $ | 79,856,523.48 | $ | 18,815,174.59 | $ | 98,671,698.07 | |||||||||||||||||||||
| 2019‑3 | 14.29 | % | $ | 199,641,308.69 | $ | 47,037,936.47 | $ | 246,679,245.16 | |||||||||||||||||||||
| 2019‑4 | 14.29 | % | $ | 111,799,243.85 | $ | 26,341,270.57 | $ | 138,140,514.42 | |||||||||||||||||||||
| 2020‑1 | 14.29 | % | $ | 183,669,948.51 | $ | 43,274,888.48 | $ | 226,944,836.99 | |||||||||||||||||||||
| 2020‑2 | 14.29 | % | $ | 119,784,785.22 | $ | 28,222,761.88 | $ | 148,007,547.10 | |||||||||||||||||||||
| Required Subordinated Amount | Required Pool % minus 100% times Initial Invested Amount | Required Depositor Amount as of Determination Date | |||||||||||||||||||||||||||
| Series | (C) | (D) | (C + D) | ||||||||||||||||||||||||||
| 2006-1 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| 2014-5 | $ | 0.00 | $ | 0.00 | $ | 0.00 | |||||||||||||||||||||||
| 2015-3 | $ | 94,871,023.39 | $ | 0.00 | $ | 94,871,023.39 | |||||||||||||||||||||||
| 2016-2 | $ | 251,761,784.22 | $ | 0.00 | $ | 251,761,784.22 | |||||||||||||||||||||||
| 2017-3 | $ | 104,338,765.79 | $ | 0.00 | $ | 104,338,765.79 | |||||||||||||||||||||||
| 2018-2 | $ | 94,853,483.41 | $ | 0.00 | $ | 94,853,483.41 | |||||||||||||||||||||||
| 2018-4 | $ | 149,045,527.85 | $ | 0.00 | $ | 149,045,527.85 | |||||||||||||||||||||||
| 2019-2 | $ | 98,671,698.07 | $ | 0.00 | $ | 98,671,698.07 | |||||||||||||||||||||||
| 2019-3 | $ | 246,679,245.16 | $ | 0.00 | $ | 246,679,245.16 | |||||||||||||||||||||||
| 2019-4 | $ | 138,140,514.42 | $ | 0.00 | $ | 138,140,514.42 | |||||||||||||||||||||||
| 2020‑1 | $ | 226,944,836.99 | $ | 0.00 | $ | 226,944,836.99 | |||||||||||||||||||||||
| 2020‑2 | $ | 148,007,547.10 | $ | 0.00 | $ | 148,007,547.10 | |||||||||||||||||||||||
| Required Depositor Amount | $ | 1,553,314,426.40 | |||||||||||||||||||||||||||
| Depositor Amount | $ | 1,751,384,300.70 | |||||||||||||||||||||||||||
| Memo: Determination Date Pool Balance | $ | 9,299,787,300.70 | |||||||||||||||||||||||||||
Page 6
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
XI. Redesignation Notice
If the below "Redesignated Account" box(es) has been marked "Yes", notice is hereby given, pursuant to Section 2.8
of the Fifth Amended and Restated Sale and Servicing Agreement dated as of December 1, 2010, that the redesignation
of certain Accounts and the reassignment of the Receivables and Related Security in such Accounts
occurred on the Redesignation Date of May 1, 2022 and a Redesignated Account Schedule has been delivered
to the Owner Trustee and the Indenture Trustee according to the Sale and Servicing Agreements.
| Depositor | Trust | Redesignated Accounts | |||||||||||||||||||||||||||
| Yes | No | ||||||||||||||||||||||||||||
| Ford Credit Floorplan Corporation | Ford Credit Floorplan Master Owner Trust A | X | |||||||||||||||||||||||||||
| Ford Credit Floorplan LLC | Ford Credit Floorplan Master Owner Trust A | X | |||||||||||||||||||||||||||
| XII. Early Amortization Declarations | |||||||||||||||||||||||||||||
| Yes | No | ||||||||||||||||||||||||||||
| 1.Breach of covenants or agreements made in the Sale and Servicing Agreement, Indenture or Indenture Supplement and uncured for 60 days | X | ||||||||||||||||||||||||||||
| 2. Failure to make any required payment or deposit under the Sale and Servicing Agreement, Indenture or Indenture Supplement and uncured for 5 business days | X | ||||||||||||||||||||||||||||
| 3. Breach of any representation or warranty made in the Sale and Servicing Agreement, Indenture or Indenture Supplement and uncured for 60 days | X | ||||||||||||||||||||||||||||
| 4. Bankruptcy, insolvency or receivership of Ford Credit, FCFMOTA or Ford | X | ||||||||||||||||||||||||||||
| 5. FCFMOTA is an investment company within the meaning of the Investment Company Act of 1940 | X | ||||||||||||||||||||||||||||
| 6. Failure of FCF Corp or FCF LLC to convey Receivables pursuant to the Sale and Servicing Agreement and uncured for 10 days | X | ||||||||||||||||||||||||||||
| 7. Available Subordinated Amount is less than the Required Subordinated Amount and uncured for 5 days | X | ||||||||||||||||||||||||||||
| 8. Servicer default or an event of default with respect to the outstanding notes has occurred | X | ||||||||||||||||||||||||||||
| 9. Average monthly payment rate for the past three periods is less than 21% | X | ||||||||||||||||||||||||||||
| 10. Excess Funding Account Balance exceeds 70% of Outstanding Series Adjusted Invested Amounts for 3 consecutive periods | X | ||||||||||||||||||||||||||||
| Memo | |||||||||||||||||||||||||||||
| Additional statistical information about Ford Credit's U.S. Dealer Floorplan portfolio and the Trust's pool for the most recently available quarter can be found on Ford Credit's website at http://www.ford.com/finance/investor-center/asset-backed-securitization, located under "Other Documents" in the "Ford Credit Floorplan Master Owner Trust A" section. | |||||||||||||||||||||||||||||
Page 7
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
XII. Repurchase Demand Activity (Rule 15Ga-1)
No Activity to Report
Most Recent Form ABS-15G
Filed by: Ford Motor Credit Company LLC
CIK#: 0000038009
February 4, 2022
Servicer Certification
THIS REPORT IS ACCURATE IN ALL MATERIAL RESPECTS.
Ford Motor Credit Company LLC
/s/ Ryan M. Hershberger
Assistant Treasurer
___________________________________________________________________________________________________________
| The Adjusted Invested Amount decrease for Series 2015‑3 is related to the Maturity scheduled for June 15, 2022, and reflects | |||||
| trapped Principal Collections in the Collection Account allocable to Series 2015‑3. | |||||
Page 8
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| Series 2017-3 Summary | ||||||||||||||||||||||||||||||||
| I. Origination Information | ||||||||||||||||||||||||||||||||
| Date of Origination | 10/11/2017 | |||||||||||||||||||||||||||||||
| Expected Final Payment Date | 09/15/2022 | |||||||||||||||||||||||||||||||
| Final Maturity Date | 09/15/2024 | |||||||||||||||||||||||||||||||
| Class A Notes | Class B Notes | Class C Notes | Class D Notes | |||||||||||||||||||||||||||||
| Original Principal Outstanding | $ | 550,000,000.00 | $ | 25,163,000.00 | $ | 35,948,000.00 | $ | 21,569,000.00 | ||||||||||||||||||||||||
| Note Interest rate | 2.48 | % | 2.65 | % | 2.85 | % | 3.04% | |||||||||||||||||||||||||
| Total Original Principal Outstanding | $ | 632,680,000.00 | ||||||||||||||||||||||||||||||
| II. Series Allocations | ||||||||||||||||||||||||||||||||
| Current Floating Investor % | 6.13180562% | |||||||||||||||||||||||||||||||
| Investor Principal Collections | $ | 452,581,016.08 | ||||||||||||||||||||||||||||||
| Principal Default Amounts | $ | 0.00 | ||||||||||||||||||||||||||||||
| Investor Interest Collections | $ | 1,942,856.15 | ||||||||||||||||||||||||||||||
| III. Collections | ||||||||||||||||||||||||||||||||
| Interest | ||||||||||||||||||||||||||||||||
| Investor Interest Collections | $ | 1,942,856.15 | ||||||||||||||||||||||||||||||
| Reserve Fund Investment Proceeds | $ | 1,594.03 | ||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Release | $ | 0.00 | ||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Investment Proceeds | $ | 0.00 | ||||||||||||||||||||||||||||||
| Principal Funding Account Investment Proceeds | $ | 0.00 | ||||||||||||||||||||||||||||||
| Excess Depositor Interest/Principal Allocation | $ | 145,391.61 | ||||||||||||||||||||||||||||||
| Available Investor Interest Collections | $ | 2,089,841.79 | ||||||||||||||||||||||||||||||
| Shared Interest Collections from Excess Interest Sharing Group One | $ | 0.00 | ||||||||||||||||||||||||||||||
| Available Subordination Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reallocated Principal Collections | $ | 0.00 | ||||||||||||||||||||||||||||||
| Total Interest Amounts | $ | 2,089,841.79 | ||||||||||||||||||||||||||||||
| Memo: Annualized Yield incl. Excess Depositor Interest and Shared Interest Collections from Interest Sharing Group One | 3.69 | % | ||||||||||||||||||||||||||||||
| Principal | ||||||||||||||||||||||||||||||||
| Investor Principal Collections | $ | 452,581,016.08 | ||||||||||||||||||||||||||||||
| Investor Default Amount, Investor Charge-Off and Reallocated Principal Collections | $ | 0.00 | ||||||||||||||||||||||||||||||
| Shared Principal Collections from Principal Sharing Group One (Withdrawal from EFA) | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Available Investor Principal Collections | $ | 452,581,016.08 | ||||||||||||||||||||||||||||||
Page 9
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| IV. Interest Calculations | |||||||||||||||||||||||
| Class A Notes | Class B Notes | ||||||||||||||||||||||
| Original Principal Outstanding | $ | 550,000,000.00 | $ | 25,163,000.00 | |||||||||||||||||||
| Note Interest Rate | 2.48 | % | 2.65 | % | |||||||||||||||||||
| Days in Interest Period | 30 | 30 | |||||||||||||||||||||
| Monthly Interest | $ | 1,136,666.67 | $ | 55,568.29 | |||||||||||||||||||
| Class C Notes | Class D Notes | ||||||||||||||||||||||
| Original Principal Outstanding | $ | 35,948,000.00 | $ | 21,569,000.00 | |||||||||||||||||||
| Note Interest Rate | 2.85 | % | 3.04% | ||||||||||||||||||||
| Days in Interest Period | 30 | 30 | |||||||||||||||||||||
| Monthly Interest | $ | 85,376.50 | $ | 54,641.47 | |||||||||||||||||||
| V. Available Investor Interest Collections Distribution Payments by Priority | |||||||||||||||||||||||
| Total Interest Amount | $ | 2,089,841.79 | |||||||||||||||||||||
| (1) Current Interest Plus Unpaid Interest from Prior Periods - Class A Notes | $ | 1,136,666.67 | |||||||||||||||||||||
| (2) Current Interest Plus Unpaid Interest from Prior Periods - Class B Notes | $ | 55,568.29 | |||||||||||||||||||||
| (3) Current Interest Plus Unpaid Interest from Prior Periods - Class C Notes | $ | 85,376.50 | |||||||||||||||||||||
| (4) Current Interest Plus Unpaid Interest from Prior Periods - Class D Notes | $ | 54,641.47 | |||||||||||||||||||||
| (5) Trustee and Other Fees/Expenses | $ | 0.00 | |||||||||||||||||||||
| (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer | $ | 4,316.14 | |||||||||||||||||||||
| (7) Investor Default Amount, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (8) Replenish Reserve Fund | $ | 0.00 | |||||||||||||||||||||
| (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (11) Fund Accumulation Period Reserve Account | $ | 0.00 | |||||||||||||||||||||
| (12) Servicing Fees due Ford Credit | $ | 664,021.24 | |||||||||||||||||||||
| (13) Required Subordination Shortfall to be sent to holders of Depositor Interest | $ | 0.00 | |||||||||||||||||||||
| (14) Additional Trustee and Other Fees/Expenses | $ | 0.00 | |||||||||||||||||||||
| (15) Other Amounts due to Back-up Servicer or Successor Servicer | $ | 0.00 | |||||||||||||||||||||
| (16) Shared with other series in Excess Interest Sharing Group One | $ | 33,450.72 | |||||||||||||||||||||
| (17) To the Depositor's Interest Account, remaining amounts to Holders of Depositor Interest | $ | 55,800.76 | |||||||||||||||||||||
Page 10
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| VI. Available Investor Principal Collections Distribution Payments by Priority | ||||||||||||||||||||
| Available Investor Principal Collections | $ | 452,581,016.08 | ||||||||||||||||||
| Deposit to Principal Funding Account | $ | 0.00 | ||||||||||||||||||
| Shared with other series in Principal Sharing Group One | $ | 0.00 | ||||||||||||||||||
| Remainder released to holders of Depositor Interest | $ | 452,581,016.08 | ||||||||||||||||||
| VII. Subordination and Participation | ||||||||||||||||||||
| Subordination % | 13.64% | |||||||||||||||||||
| Incremental Subordinated Amount | $ | 20,561,424.29 | ||||||||||||||||||
| Required Subordinated Amount | $ | 104,338,765.79 | ||||||||||||||||||
| Required Pool % minus 100% times Initial Invested Amount | $ | 0.00 | ||||||||||||||||||
| Required Depositor Amount Series 2017-3 | $ | 104,338,765.79 | ||||||||||||||||||
| VIII. Distribution to Holders of Notes | ||||||||||||||||||||
| (per $1,000 denomination note) | ||||||||||||||||||||
| Total Amount Allocable to Principal Class A | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class A | $ | 2.07 | ||||||||||||||||||
| Total Amount Distributed Class A | $ | 2.07 | ||||||||||||||||||
| Total Amount Allocable to Principal Class B | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class B | $ | 2.21 | ||||||||||||||||||
| Total Amount Distributed Class B | $ | 2.21 | ||||||||||||||||||
| Total Amount Allocable to Principal Class C | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class C | $ | 2.38 | ||||||||||||||||||
| Total Amount Distributed Class C | $ | 2.38 | ||||||||||||||||||
| Total Amount Allocable to Principal Class D | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class D | $ | 2.53 | ||||||||||||||||||
| Total Amount Distributed Class D | $ | 2.53 | ||||||||||||||||||
| IX. Reserve Fund | ||||||||||||||||||||
| Beginning of Collection Period Balance | $ | 6,326,800.00 | ||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||
| Increases/(Decreases) | $ | 0.00 | ||||||||||||||||||
| End of Collection Period Balance | $ | 6,326,800.00 | ||||||||||||||||||
| Increases/(Decreases) | $ | 0.00 | ||||||||||||||||||
| Payment Date Balance | $ | 6,326,800.00 | ||||||||||||||||||
Page 11
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| X. Credit Risk Retention | ||||||||||||||||||||
| As of the Determination Date, Ford Motor Credit Company LLC, through the Depositors, maintained a seller’s interest in the Trust equal to at least 5% of each series of ABS interests issued by the Trust according to Regulation RR under the Securities Exchange Act of 1934. The seller's interest is represented by the Depositor Interest, which is required to be maintained and made available for the Series 2017-3 Notes in an amount equal to the percentage stated below (which is the Subordinated Percentage for the Series 2017-3 Notes) of the aggregate unpaid principal balance of the Series 2017-3 Notes: | ||||||||||||||||||||
| Seller's Interest: | 13.64 | % | ||||||||||||||||||
| XI. EEA Credit Risk Retention | ||||||||||||||||||||
As of the issue date of this report, Ford Motor Credit Company LLC discloses that it continues to retain, as "originator" (as that term is used in the EEA Risk Retention Rules), on a consolidated basis through its 100% ownership interests in the Depositors, a material net economic interest in the Receivables of not less than 5% of the aggregate nominal value of the Receivables. The method of retention is in the form of an originator's interest (as described in Article 405(1)(b) of the CRR, Article 51(1)(b) of the AIFM Regulation and Article 254(2)(b) of the Solvency II Regulation), which form has not changed and will not change and which retention will not be subject to any credit risk mitigation, any short position or any other hedge and will not be sold, except as permitted by the EEA Risk Retention Rules. | ||||||||||||||||||||
| XII. Memo Items | ||||||||||||||||||||
| Excess Funding Amount Series 2017-3 | $ | 18,312,829.01 | ||||||||||||||||||
| Accumulation Period Reserve Account Balance | $ | 0.00 | ||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2017-3 - This Collection Period | $ | 0.00 | ||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2017-3 - Cumulative to this Payment Date | $ | 0.00 | ||||||||||||||||||
Page 12
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| Series 2018-2 Summary | ||||||||||||||||||||||||||||||||
| I. Origination Information | ||||||||||||||||||||||||||||||||
| Date of Origination | 03/20/2018 | |||||||||||||||||||||||||||||||
| Expected Final Payment Date | 03/15/2023 | |||||||||||||||||||||||||||||||
| Final Maturity Date | 03/15/2025 | |||||||||||||||||||||||||||||||
| Class A Notes | Class B Notes | Class C Notes | Class D Notes | |||||||||||||||||||||||||||||
| Original Principal Outstanding | $ | 500,000,000.00 | $ | 22,876,000.00 | $ | 32,680,000.00 | $ | 19,608,000.00 | ||||||||||||||||||||||||
| Note Interest rate | 3.17 | % | 3.32 | % | 3.46 | % | 3.61 | % | ||||||||||||||||||||||||
| Total Original Principal Outstanding | $ | 575,164,000.00 | ||||||||||||||||||||||||||||||
| II. Series Allocations | ||||||||||||||||||||||||||||||||
| Current Floating Investor % | 5.57437227% | |||||||||||||||||||||||||||||||
| Investor Principal Collections | $ | 411,437,547.47 | ||||||||||||||||||||||||||||||
| Principal Default Amounts | $ | 0.00 | ||||||||||||||||||||||||||||||
| Investor Interest Collections | $ | 1,766,233.98 | ||||||||||||||||||||||||||||||
| III. Collections | ||||||||||||||||||||||||||||||||
| Interest | ||||||||||||||||||||||||||||||||
| Investor Interest Collections | $ | 1,766,233.98 | ||||||||||||||||||||||||||||||
| Reserve Fund Investment Proceeds | $ | 1,449.13 | ||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Release | $ | 0.00 | ||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Investment Proceeds | $ | 0.00 | ||||||||||||||||||||||||||||||
| Principal Funding Account Investment Proceeds | $ | 0.00 | ||||||||||||||||||||||||||||||
| Excess Depositor Interest/Principal Allocation | $ | 132,174.27 | ||||||||||||||||||||||||||||||
| Available Investor Interest Collections | $ | 1,899,857.38 | ||||||||||||||||||||||||||||||
| Shared Interest Collections from Excess Interest Sharing Group One | $ | 245,060.77 | ||||||||||||||||||||||||||||||
| Available Subordination Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reallocated Principal Collections | $ | 0.00 | ||||||||||||||||||||||||||||||
| Total Interest Amounts | $ | 2,144,918.15 | ||||||||||||||||||||||||||||||
| Memo: Annualized Yield incl. Excess Depositor Interest and Shared Interest Collections from Interest Sharing Group One | 3.94 | % | ||||||||||||||||||||||||||||||
| Principal | ||||||||||||||||||||||||||||||||
| Investor Principal Collections | $ | 411,437,547.47 | ||||||||||||||||||||||||||||||
| Investor Default Amount, Investor Charge-Off and Reallocated Principal Collections | $ | 0.00 | ||||||||||||||||||||||||||||||
| Shared Principal Collections from Principal Sharing Group One (Withdrawal from EFA) | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Available Investor Principal Collections | $ | 411,437,547.47 | ||||||||||||||||||||||||||||||
Page 13
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| IV. Interest Calculations | |||||||||||||||||||||||
| Class A Notes | Class B Notes | ||||||||||||||||||||||
| Original Principal Outstanding | $ | 500,000,000 | $ | 22,876,000 | |||||||||||||||||||
| Note Interest Rate | 3.17 | % | 3.32 | % | |||||||||||||||||||
| Days in Interest Period | 30 | 30 | |||||||||||||||||||||
| Monthly Interest | $ | 1,320,833.33 | $ | 63,290.27 | |||||||||||||||||||
| Class C Notes | Class D Notes | ||||||||||||||||||||||
| Original Principal Outstanding | $ | 32,680,000.00 | $ | 19,608,000.00 | |||||||||||||||||||
| Note Interest Rate | 3.46 | % | 3.61 | % | |||||||||||||||||||
| Days in Interest Period | 30 | 30 | |||||||||||||||||||||
| Monthly Interest | $ | 94,227.33 | $ | 58,987.40 | |||||||||||||||||||
| V. Available Investor Interest Collections Distribution Payments by Priority | |||||||||||||||||||||||
| Total Interest Amount | $ | 2,144,918.15 | |||||||||||||||||||||
| (1) Current Interest Plus Unpaid Interest from Prior Periods - Class A Notes | $ | 1,320,833.33 | |||||||||||||||||||||
| (2) Current Interest Plus Unpaid Interest from Prior Periods - Class B Notes | $ | 63,290.27 | |||||||||||||||||||||
| (3) Current Interest Plus Unpaid Interest from Prior Periods - Class C Notes | $ | 94,227.33 | |||||||||||||||||||||
| (4) Current Interest Plus Unpaid Interest from Prior Periods - Class D Notes | $ | 58,987.40 | |||||||||||||||||||||
| (5) Trustee and Other Fees/Expenses | $ | 0.00 | |||||||||||||||||||||
| (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer | $ | 3,923.76 | |||||||||||||||||||||
| (7) Investor Default Amount, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (8) Replenish Reserve Fund | $ | 0.00 | |||||||||||||||||||||
| (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (11) Fund Accumulation Period Reserve Account | $ | 0.00 | |||||||||||||||||||||
| (12) Servicing Fees due Ford Credit | $ | 603,656.06 | |||||||||||||||||||||
| (13) Required Subordination Shortfall to be sent to holders of Depositor Interest | $ | 0.00 | |||||||||||||||||||||
| (14) Additional Trustee and Other Fees/Expenses | $ | 0.00 | |||||||||||||||||||||
| (15) Other Amounts due to Back-up Servicer or Successor Servicer | $ | 0.00 | |||||||||||||||||||||
| (16) Shared with other series in Excess Interest Sharing Group One | $ | 0.00 | |||||||||||||||||||||
| (17) To the Depositor's Interest Account, remaining amounts to Holders of Depositor Interest | $ | 0.00 | |||||||||||||||||||||
Page 14
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| VI. Available Investor Principal Collections Distribution Payments by Priority | ||||||||||||||||||||
| Available Investor Principal Collections | $ | 411,437,547.47 | ||||||||||||||||||
| Deposit to Principal Funding Account | $ | 0.00 | ||||||||||||||||||
| Shared with other series in Principal Sharing Group One | $ | 0.00 | ||||||||||||||||||
| Remainder released to holders of Depositor Interest | $ | 411,437,547.47 | ||||||||||||||||||
| VII. Subordination and Participation | ||||||||||||||||||||
| Subordination % | 13.64% | |||||||||||||||||||
| Incremental Subordinated Amount | $ | 18,692,215.71 | ||||||||||||||||||
| Required Subordinated Amount | $ | 94,853,483.41 | ||||||||||||||||||
| Required Pool % minus 100% times Initial Invested Amount | $ | 0.00 | ||||||||||||||||||
| Required Depositor Amount Series 2018-2 | $ | 94,853,483.41 | ||||||||||||||||||
| VIII. Distribution to Holders of Notes | ||||||||||||||||||||
| (per $1,000 denomination note) | ||||||||||||||||||||
| Total Amount Allocable to Principal Class A | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class A | $ | 2.64 | ||||||||||||||||||
| Total Amount Distributed Class A | $ | 2.64 | ||||||||||||||||||
| Total Amount Allocable to Principal Class B | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class B | $ | 2.77 | ||||||||||||||||||
| Total Amount Distributed Class B | $ | 2.77 | ||||||||||||||||||
| Total Amount Allocable to Principal Class C | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class C | $ | 2.88 | ||||||||||||||||||
| Total Amount Distributed Class C | $ | 2.88 | ||||||||||||||||||
| Total Amount Allocable to Principal Class D | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class D | $ | 3.01 | ||||||||||||||||||
| Total Amount Distributed Class D | $ | 3.01 | ||||||||||||||||||
| IX. Reserve Fund | ||||||||||||||||||||
| Beginning of Collection Period Balance | $ | 5,751,640.00 | ||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||
| Increases/(Decreases) | $ | 0.00 | ||||||||||||||||||
| End of Collection Period Balance | $ | 5,751,640.00 | ||||||||||||||||||
| Increases/(Decreases) | $ | 0.00 | ||||||||||||||||||
| Payment Date Balance | $ | 5,751,640.00 | ||||||||||||||||||
Page 15
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| X. Credit Risk Retention | ||||||||||||||||||||
| As of the Determination Date, Ford Motor Credit Company LLC, through the Depositors, maintained a seller’s interest in the Trust equal to at least 5% of each series of ABS interests issued by the Trust according to Regulation RR under the Securities Exchange Act of 1934. The seller's interest is represented by the Depositor Interest, which is required to be maintained and made available for the Series 2018-2 Notes in an amount equal to the percentage stated below (which is the Subordinated Percentage for the Series 2018-2 Notes) of the aggregate unpaid principal balance of the Series 2018-2 Notes: | ||||||||||||||||||||
| Seller's Interest: | 13.64 | % | ||||||||||||||||||
| XI. EEA Credit Risk Retention | ||||||||||||||||||||
As of the issue date of this report, Ford Motor Credit Company LLC discloses that it continues to retain, as "originator" (as that term is used in the EEA Risk Retention Rules), on a consolidated basis through its 100% ownership interests in the Depositors, a material net economic interest in the Receivables of not less than 5% of the aggregate nominal value of the Receivables. The method of retention is in the form of an originator's interest (as described in Article 405(1)(b) of the CRR, Article 51(1)(b) of the AIFM Regulation and Article 254(2)(b) of the Solvency II Regulation), which form has not changed and will not change and which retention will not be subject to any credit risk mitigation, any short position or any other hedge and will not be sold, except as permitted by the EEA Risk Retention Rules. | ||||||||||||||||||||
| XII. Memo Items | ||||||||||||||||||||
| Excess Funding Amount Series 2018-2 | $16,648,036.90 | |||||||||||||||||||
| Accumulation Period Reserve Account Balance | $0.00 | |||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2018-2 - This Collection Period | $0.00 | |||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2018-2 - Cumulative to this Payment Date | $0.00 | |||||||||||||||||||
Page 16
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| Series 2018-4 Summary | ||||||||||||||||||||||||||||||||
| I. Origination Information | ||||||||||||||||||||||||||||||||
| Date of Origination | 12/21/2018 | |||||||||||||||||||||||||||||||
| Expected Final Payment Date | 11/15/2028 | |||||||||||||||||||||||||||||||
| Final Maturity Date | 11/15/2030 | |||||||||||||||||||||||||||||||
| Class A Notes | Class B Notes | Class C Notes | Class D Notes | |||||||||||||||||||||||||||||
| Original Principal Outstanding | $ | 700,000,000.00 | $ | 32,667,000.00 | $ | 46,667,000.00 | $ | 28,000,000.00 | ||||||||||||||||||||||||
| Note Interest rate | 4.06 | % | 4.26 | % | 4.46 | % | 4.65 | % | ||||||||||||||||||||||||
| Total Original Principal Outstanding | $ | 807,334,000.00 | ||||||||||||||||||||||||||||||
| II. Series Allocations | ||||||||||||||||||||||||||||||||
| Current Floating Investor % | 7.82451659% | |||||||||||||||||||||||||||||||
| Investor Principal Collections | $ | 577,517,926.97 | ||||||||||||||||||||||||||||||
| Principal Default Amounts | $ | 0.00 | ||||||||||||||||||||||||||||||
| Investor Interest Collections | $ | 2,479,189.84 | ||||||||||||||||||||||||||||||
| III. Collections | ||||||||||||||||||||||||||||||||
| Interest | ||||||||||||||||||||||||||||||||
| Investor Interest Collections | $ | 2,479,189.84 | ||||||||||||||||||||||||||||||
| Reserve Fund Investment Proceeds | $ | 813.62 | ||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Release | $ | 0.00 | ||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Investment Proceeds | $ | 0.00 | ||||||||||||||||||||||||||||||
| Principal Funding Account Investment Proceeds | $ | 0.00 | ||||||||||||||||||||||||||||||
| Excess Depositor Interest/Principal Allocation | $ | 185,527.58 | ||||||||||||||||||||||||||||||
| Available Investor Interest Collections | $ | 2,665,531.04 | ||||||||||||||||||||||||||||||
| Shared Interest Collections from Excess Interest Sharing Group One | $ | 953,550.57 | ||||||||||||||||||||||||||||||
| Available Subordination Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reallocated Principal Collections | $ | 0.00 | ||||||||||||||||||||||||||||||
| Total Interest Amounts | $ | 3,619,081.61 | ||||||||||||||||||||||||||||||
| Memo: Annualized Yield incl. Excess Depositor Interest and Shared Interest Collections from Interest Sharing Group One | 4.65 | % | ||||||||||||||||||||||||||||||
| Principal | ||||||||||||||||||||||||||||||||
| Investor Principal Collections | $ | 577,517,926.97 | ||||||||||||||||||||||||||||||
| Investor Default Amount, Investor Charge-Off and Reallocated Principal Collections | $ | 0.00 | ||||||||||||||||||||||||||||||
| Shared Principal Collections from Principal Sharing Group One (Withdrawal from EFA) | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Available Investor Principal Collections | $ | 577,517,926.97 | ||||||||||||||||||||||||||||||
Page 17
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| IV. Interest Calculations | |||||||||||||||||||||||
| Class A Notes | Class B Notes | ||||||||||||||||||||||
| Original Principal Outstanding | $ | 700,000,000 | $ | 32,667,000 | |||||||||||||||||||
| Note Interest Rate | 4.06 | % | 4.26 | % | |||||||||||||||||||
| Days in Interest Period | 30 | 30 | |||||||||||||||||||||
| Monthly Interest | $ | 2,368,333.33 | $ | 115,967.85 | |||||||||||||||||||
| Class C Notes | Class D Notes | ||||||||||||||||||||||
| Original Principal Outstanding | $ | 46,667,000.00 | $ | 28,000,000.00 | |||||||||||||||||||
| Note Interest Rate | 4.46 | % | 4.65 | % | |||||||||||||||||||
| Days in Interest Period | 30 | 30 | |||||||||||||||||||||
| Monthly Interest | $ | 173,445.68 | $ | 108,500.00 | |||||||||||||||||||
| V. Available Investor Interest Collections Distribution Payments by Priority | |||||||||||||||||||||||
| Total Interest Amount | $ | 3,619,081.61 | |||||||||||||||||||||
| (1) Current Interest Plus Unpaid Interest from Prior Periods - Class A Notes | $ | 2,368,333.33 | |||||||||||||||||||||
| (2) Current Interest Plus Unpaid Interest from Prior Periods - Class B Notes | $ | 115,967.85 | |||||||||||||||||||||
| (3) Current Interest Plus Unpaid Interest from Prior Periods - Class C Notes | $ | 173,445.68 | |||||||||||||||||||||
| (4) Current Interest Plus Unpaid Interest from Prior Periods - Class D Notes | $ | 108,500.00 | |||||||||||||||||||||
| (5) Trustee and Other Fees/Expenses | $ | 0.00 | |||||||||||||||||||||
| (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer | $ | 5,507.63 | |||||||||||||||||||||
| (7) Investor Default Amount, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (8) Replenish Reserve Fund | $ | 0.00 | |||||||||||||||||||||
| (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (11) Fund Accumulation Period Reserve Account | $ | 0.00 | |||||||||||||||||||||
| (12) Servicing Fees due Ford Credit | $ | 847,327.12 | |||||||||||||||||||||
| (13) Required Subordination Shortfall to be sent to holders of Depositor Interest | $ | 0.00 | |||||||||||||||||||||
| (14) Additional Trustee and Other Fees/Expenses | $ | 0.00 | |||||||||||||||||||||
| (15) Other Amounts due to Back-up Servicer or Successor Servicer | $ | 0.00 | |||||||||||||||||||||
| (16) Shared with other series in Excess Interest Sharing Group One | $ | 0.00 | |||||||||||||||||||||
| (17) To the Depositor's Interest Account, remaining amounts to Holders of Depositor Interest | $ | 0.00 | |||||||||||||||||||||
Page 18
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| VI. Available Investor Principal Collections Distribution Payments by Priority | ||||||||||||||||||||
| Available Investor Principal Collections | $ | 577,517,926.97 | ||||||||||||||||||
| Deposit to Principal Funding Account | $ | 0.00 | ||||||||||||||||||
| Shared with other series in Principal Sharing Group One | $ | 0.00 | ||||||||||||||||||
| Remainder released to holders of Depositor Interest | $ | 577,517,926.97 | ||||||||||||||||||
| VII. Subordination and Participation | ||||||||||||||||||||
| Subordination % | 15.61% | |||||||||||||||||||
| Incremental Subordinated Amount | $ | 26,692,478.18 | ||||||||||||||||||
| Required Subordinated Amount | $ | 149,045,527.85 | ||||||||||||||||||
| Required Pool % minus 100% times Initial Invested Amount | $ | 0.00 | ||||||||||||||||||
| Required Depositor Amount Series 2018-4 | $ | 149,045,527.85 | ||||||||||||||||||
| VIII. Distribution to Holders of Notes | ||||||||||||||||||||
| (per $1,000 denomination note) | ||||||||||||||||||||
| Total Amount Allocable to Principal Class A | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class A | $ | 3.38 | ||||||||||||||||||
| Total Amount Distributed Class A | $ | 3.38 | ||||||||||||||||||
| Total Amount Allocable to Principal Class B | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class B | $ | 3.55 | ||||||||||||||||||
| Total Amount Distributed Class B | $ | 3.55 | ||||||||||||||||||
| Total Amount Allocable to Principal Class C | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class C | $ | 3.72 | ||||||||||||||||||
| Total Amount Distributed Class C | $ | 3.72 | ||||||||||||||||||
| Total Amount Allocable to Principal Class D | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class D | $ | 3.88 | ||||||||||||||||||
| Total Amount Distributed Class D | $ | 3.88 | ||||||||||||||||||
| IX. Reserve Fund | ||||||||||||||||||||
| Beginning of Collection Period Balance | $ | 3,229,336.00 | ||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||
| Increases/(Decreases) | $ | 0.00 | ||||||||||||||||||
| End of Collection Period Balance | $ | 3,229,336.00 | ||||||||||||||||||
| Increases/(Decreases) | $ | 0.00 | ||||||||||||||||||
| Payment Date Balance | $ | 3,229,336.00 | ||||||||||||||||||
Page 19
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| X. Credit Risk Retention | ||||||||||||||||||||
| As of the Determination Date, Ford Motor Credit Company LLC, through the Depositors, maintained a seller’s interest in the Trust equal to at least 5% of each series of ABS interests issued by the Trust according to Regulation RR under the Securities Exchange Act of 1934. The seller's interest is represented by the Depositor Interest, which is required to be maintained and made available for the Series 2018-4 Notes in an amount equal to the percentage stated below (which is the Subordinated Percentage for the Series 2018-4 Notes) of the aggregate unpaid principal balance of the Series 2018-4 Notes: | ||||||||||||||||||||
| Seller's Interest: | 15.61% | |||||||||||||||||||
| XI. EEA Credit Risk Retention | ||||||||||||||||||||
As of the issue date of this report, Ford Motor Credit Company LLC discloses that it continues to retain, as "originator" (as that term is used in the EEA Risk Retention Rules), on a consolidated basis through its 100% ownership interests in the Depositors, a material net economic interest in the Receivables of not less than 5% of the aggregate nominal value of the Receivables. The method of retention is in the form of an originator's interest (as described in Article 405(1)(b) of the CRR, Article 51(1)(b) of the AIFM Regulation and Article 254(2)(b) of the Solvency II Regulation), which form has not changed and will not change and which retention will not be subject to any credit risk mitigation, any short position or any other hedge and will not be sold, except as permitted by the EEA Risk Retention Rules. | ||||||||||||||||||||
| XII. Memo Items | ||||||||||||||||||||
| Excess Funding Amount Series 2018-4 | $ | 23,368,163.21 | ||||||||||||||||||
| Accumulation Period Reserve Account Balance | $ | 0.00 | ||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2018-4 - This Collection Period | $ | 0.00 | ||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2018-4- Cumulative to this Payment Date | $ | 0.00 | ||||||||||||||||||
Page 20
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| Series 2019-2 Summary | ||||||||||||||||||||||||||||||||
| I. Origination Information | ||||||||||||||||||||||||||||||||
| Date of Origination | 04/09/2019 | |||||||||||||||||||||||||||||||
| Expected Final Payment Date | 04/15/2024 | |||||||||||||||||||||||||||||||
| Final Maturity Date | 04/15/2026 | |||||||||||||||||||||||||||||||
| Class A Notes | Class B Notes | Class C Notes | Class D Notes | |||||||||||||||||||||||||||||
| Original Principal Outstanding | $ | 500,000,000.00 | $ | 23,026,000.00 | $ | 32,895,000.00 | $ | 19,737,000.00 | ||||||||||||||||||||||||
| Note Interest rate | 3.06 | % | 3.25 | % | 3.45 | % | 3.65 | % | ||||||||||||||||||||||||
| Total Original Principal Outstanding | $ | 575,658,000.00 | ||||||||||||||||||||||||||||||
| II. Series Allocations | ||||||||||||||||||||||||||||||||
| Current Floating Investor % | 5.57916002% | |||||||||||||||||||||||||||||||
| Investor Principal Collections | $ | 411,790,925.20 | ||||||||||||||||||||||||||||||
| Principal Default Amounts | $ | 0.00 | ||||||||||||||||||||||||||||||
| Investor Interest Collections | $ | 1,767,750.97 | ||||||||||||||||||||||||||||||
| III. Collections | ||||||||||||||||||||||||||||||||
| Interest | ||||||||||||||||||||||||||||||||
| Investor Interest Collections | $ | 1,767,750.97 | ||||||||||||||||||||||||||||||
| Reserve Fund Investment Proceeds | $ | 580.13 | ||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Release | $ | 0.00 | ||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Investment Proceeds | $ | 0.00 | ||||||||||||||||||||||||||||||
| Principal Funding Account Investment Proceeds | $ | 0.00 | ||||||||||||||||||||||||||||||
| Excess Depositor Interest/Principal Allocation | $ | 132,287.79 | ||||||||||||||||||||||||||||||
| Available Investor Interest Collections | $ | 1,900,618.89 | ||||||||||||||||||||||||||||||
| Shared Interest Collections from Excess Interest Sharing Group One | $ | 199,451.36 | ||||||||||||||||||||||||||||||
| Available Subordination Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reallocated Principal Collections | $ | 0.00 | ||||||||||||||||||||||||||||||
| Total Interest Amounts | $ | 2,100,070.25 | ||||||||||||||||||||||||||||||
| Memo: Annualized Yield incl. Excess Depositor Interest and Shared Interest Collections from Interest Sharing Group One | 3.83 | % | ||||||||||||||||||||||||||||||
| Principal | ||||||||||||||||||||||||||||||||
| Investor Principal Collections | $ | 411,790,925.20 | ||||||||||||||||||||||||||||||
| Investor Default Amount, Investor Charge-Off and Reallocated Principal Collections | $ | 0.00 | ||||||||||||||||||||||||||||||
| Shared Principal Collections from Principal Sharing Group One (Withdrawal from EFA) | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Available Investor Principal Collections | $ | 411,790,925.20 | ||||||||||||||||||||||||||||||
Page 21
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| IV. Interest Calculations | |||||||||||||||||||||||
| Class A Notes | Class B Notes | ||||||||||||||||||||||
| Original Principal Outstanding | $ | 500,000,000.00 | $ | 23,026,000.00 | |||||||||||||||||||
| Note Interest Rate | 3.06 | % | 3.25 | % | |||||||||||||||||||
| Days in Interest Period | 30 | 30 | |||||||||||||||||||||
| Monthly Interest | $ | 1,275,000.00 | $ | 62,362.08 | |||||||||||||||||||
| Class C Notes | Class D Notes | ||||||||||||||||||||||
| Original Principal Outstanding | $ | 32,895,000.00 | $ | 19,737,000.00 | |||||||||||||||||||
| Note Interest Rate | 3.45 | % | 3.65 | % | |||||||||||||||||||
| Days in Interest Period | 30 | 30 | |||||||||||||||||||||
| Monthly Interest | $ | 94,573.13 | $ | 60,033.38 | |||||||||||||||||||
| V. Available Investor Interest Collections Distribution Payments by Priority | |||||||||||||||||||||||
| Total Interest Amount | $ | 2,100,070.25 | |||||||||||||||||||||
| (1) Current Interest Plus Unpaid Interest from Prior Periods - Class A Notes | $ | 1,275,000.00 | |||||||||||||||||||||
| (2) Current Interest Plus Unpaid Interest from Prior Periods - Class B Notes | $ | 62,362.08 | |||||||||||||||||||||
| (3) Current Interest Plus Unpaid Interest from Prior Periods - Class C Notes | $ | 94,573.13 | |||||||||||||||||||||
| (4) Current Interest Plus Unpaid Interest from Prior Periods - Class D Notes | $ | 60,033.38 | |||||||||||||||||||||
| (5) Trustee and Other Fees/Expenses | $ | 0.00 | |||||||||||||||||||||
| (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer | $ | 3,927.13 | |||||||||||||||||||||
| (7) Investor Default Amount, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (8) Replenish Reserve Fund | $ | 0.00 | |||||||||||||||||||||
| (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (11) Fund Accumulation Period Reserve Account | $ | 0.00 | |||||||||||||||||||||
| (12) Servicing Fees due Ford Credit | $ | 604,174.53 | |||||||||||||||||||||
| (13) Required Subordination Shortfall to be sent to holders of Depositor Interest | $ | 0.00 | |||||||||||||||||||||
| (14) Additional Trustee and Other Fees/Expenses | $ | 0.00 | |||||||||||||||||||||
| (15) Other Amounts due to Back-up Servicer or Successor Servicer | $ | 0.00 | |||||||||||||||||||||
| (16) Shared with other series in Excess Interest Sharing Group One | $ | 0.00 | |||||||||||||||||||||
| (17) To the Depositor's Interest Account, remaining amounts to Holders of Depositor Interest | $ | 0.00 | |||||||||||||||||||||
Page 22
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| VI. Available Investor Principal Collections Distribution Payments by Priority | ||||||||||||||||||||
| Available Investor Principal Collections | $ | 411,790,925.20 | ||||||||||||||||||
| Deposit to Principal Funding Account | $ | 0.00 | ||||||||||||||||||
| Shared with other series in Principal Sharing Group One | $ | 0.00 | ||||||||||||||||||
| Remainder released to holders of Depositor Interest | $ | 411,790,925.20 | ||||||||||||||||||
| VII. Subordination and Participation | ||||||||||||||||||||
| Subordination % | 14.29% | |||||||||||||||||||
| Incremental Subordinated Amount | $ | 18,815,174.59 | ||||||||||||||||||
| Required Subordinated Amount | $ | 98,671,698.07 | ||||||||||||||||||
| Required Pool % minus 100% times Initial Invested Amount | $ | 0.00 | ||||||||||||||||||
| Required Depositor Amount Series 2019-2 | $ | 98,671,698.07 | ||||||||||||||||||
| VIII. Distribution to Holders of Notes | ||||||||||||||||||||
| (per $1,000 denomination note) | ||||||||||||||||||||
| Total Amount Allocable to Principal Class A | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class A | $ | 2.55 | ||||||||||||||||||
| Total Amount Distributed Class A | $ | 2.55 | ||||||||||||||||||
| Total Amount Allocable to Principal Class B | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class B | $ | 2.71 | ||||||||||||||||||
| Total Amount Distributed Class B | $ | 2.71 | ||||||||||||||||||
| Total Amount Allocable to Principal Class C | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class C | $ | 2.88 | ||||||||||||||||||
| Total Amount Distributed Class C | $ | 2.88 | ||||||||||||||||||
| Total Amount Allocable to Principal Class D | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class D | $ | 3.04 | ||||||||||||||||||
| Total Amount Distributed Class D | $ | 3.04 | ||||||||||||||||||
| IX. Reserve Fund | ||||||||||||||||||||
| Beginning of Collection Period Balance | $ | 2,302,632.00 | ||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||
| Increases/(Decreases) | $ | 0.00 | ||||||||||||||||||
| End of Collection Period Balance | $ | 2,302,632.00 | ||||||||||||||||||
| Increases/(Decreases) | $ | 0.00 | ||||||||||||||||||
| Payment Date Balance | $ | 2,302,632.00 | ||||||||||||||||||
Page 23
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| X. Credit Risk Retention | ||||||||||||||||||||
| As of the Determination Date, Ford Motor Credit Company LLC, through the Depositors, maintained a seller’s interest in the Trust equal to at least 5% of each series of ABS interests issued by the Trust according to Regulation RR under the Securities Exchange Act of 1934. The seller's interest is represented by the Depositor Interest, which is required to be maintained and made available for the Series 2019-2 Notes in an amount equal to the percentage stated below (which is the Subordinated Percentage for the Series 2019-2 Notes) of the aggregate unpaid principal balance of the Series 2019-2 Notes: | ||||||||||||||||||||
| Seller's Interest: | 14.29% | |||||||||||||||||||
| XI. Memo Items | ||||||||||||||||||||
| Excess Funding Amount Series 2019-2 | $16,662,335.66 | |||||||||||||||||||
| Accumulation Period Reserve Account Balance | $0.00 | |||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2019-2 - This Collection Period | $0.00 | |||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2019-2 - Cumulative to this Payment Date | $0.00 | |||||||||||||||||||
Page 24
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| Series 2019-3 Summary | ||||||||||||||||||||||||||||||||
| I. Origination Information | ||||||||||||||||||||||||||||||||
| Date of Origination | 09/20/2019 | |||||||||||||||||||||||||||||||
| Expected Final Payment Date | 09/15/2022 | |||||||||||||||||||||||||||||||
| Final Maturity Date | 09/15/2024 | |||||||||||||||||||||||||||||||
| Class A1 Notes | Class A2 Notes | Class B Notes | Class C Notes | Class D Notes | ||||||||||||||||||||||||||||
| Original Principal Outstanding | $ | 900,000,000.00 | $ | 350,000,000.00 | $ | 57,566,000.00 | $ | 82,237,000.00 | $ | 49,342,000.00 | ||||||||||||||||||||||
| Note Interest rate | 2.23 | % | One-month LIBOR + 0.60% | 2.42 | % | 2.57 | % | 2.72 | % | |||||||||||||||||||||||
| Total Original Principal Outstanding | $ | 1,439,145,000.00 | ||||||||||||||||||||||||||||||
| II. Series Allocations | ||||||||||||||||||||||||||||||||
| Current Floating Investor % | 13.94790004% | |||||||||||||||||||||||||||||||
| Investor Principal Collections | $1,029,477,313.00 | |||||||||||||||||||||||||||||||
| Principal Default Amounts | $0.00 | |||||||||||||||||||||||||||||||
| Investor Interest Collections | $4,419,377.43 | |||||||||||||||||||||||||||||||
| III. Collections | ||||||||||||||||||||||||||||||||
| Interest | ||||||||||||||||||||||||||||||||
| Investor Interest Collections | $ | 4,419,377.43 | ||||||||||||||||||||||||||||||
| Reserve Fund Investment Proceeds | $ | 1,450.40 | ||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Release | $ | 0.00 | ||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Investment Proceeds | $ | 0.00 | ||||||||||||||||||||||||||||||
| Principal Funding Account Investment Proceeds | $ | 0.00 | ||||||||||||||||||||||||||||||
| Excess Depositor Interest/Principal Allocation | $ | 330,719.49 | ||||||||||||||||||||||||||||||
| Available Investor Interest Collections | $ | 4,751,547.32 | ||||||||||||||||||||||||||||||
| Shared Interest Collections from Excess Interest Sharing Group One | $ | 0.00 | ||||||||||||||||||||||||||||||
| Available Subordination Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reallocated Principal Collections | $ | 0.00 | ||||||||||||||||||||||||||||||
| Total Interest Amounts | $ | 4,751,547.32 | ||||||||||||||||||||||||||||||
| Memo: Annualized Yield incl. Excess Depositor Interest and Shared Interest Collections from Interest Sharing Group One | 3.69 | % | ||||||||||||||||||||||||||||||
| Principal | ||||||||||||||||||||||||||||||||
| Investor Principal Collections | $ | 1,029,477,313.00 | ||||||||||||||||||||||||||||||
| Investor Default Amount, Investor Charge-Off and Reallocated Principal Collections | $ | 0.00 | ||||||||||||||||||||||||||||||
| Shared Principal Collections from Principal Sharing Group One (Withdrawal from EFA) | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Available Investor Principal Collections | $ | 1,029,477,313.00 | ||||||||||||||||||||||||||||||
Page 25
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| IV. Interest Calculations | |||||||||||||||||||||||
| Class A1 Notes | Class A2 Notes | ||||||||||||||||||||||
| Original Principal Outstanding | $ | 900,000,000.00 | $ | 350,000,000.00 | |||||||||||||||||||
| Note Interest Rate | 2.23 | % | N/A | ||||||||||||||||||||
| LIBOR Rate | N/A | 0.55414 | % | ||||||||||||||||||||
| Spread | N/A | 0.60 | % | ||||||||||||||||||||
| Days in Interest Period | 30 | 31 | |||||||||||||||||||||
| Monthly Interest | $ | 1,672,500.00 | $ | 347,844.97 | |||||||||||||||||||
| Class B Notes | Class C Notes | Class D Notes | |||||||||||||||||||||
| Original Principal Outstanding | $ | 57,566,000.00 | $ | 82,237,000.00 | $ | 49,342,000.00 | |||||||||||||||||
| Note Interest Rate | 2.42 | % | 2.57 | % | 2.72 | % | |||||||||||||||||
| LIBOR Rate | N/A | N/A | N/A | ||||||||||||||||||||
| Spread | N/A | N/A | N/A | ||||||||||||||||||||
| Days in Interest Period | 30 | 30 | 30 | ||||||||||||||||||||
| Monthly Interest | $ | 116,091.43 | $ | 176,124.24 | $ | 111,841.87 | |||||||||||||||||
| V. Available Investor Interest Collections Distribution Payments by Priority | |||||||||||||||||||||||
| Total Interest Amount | $ | 4,751,547.32 | |||||||||||||||||||||
| (1) Current Interest Plus Unpaid Interest from Prior Periods - Class A Notes | $ | 2,020,344.97 | |||||||||||||||||||||
| (2) Current Interest Plus Unpaid Interest from Prior Periods - Class B Notes | $ | 116,091.43 | |||||||||||||||||||||
| (3) Current Interest Plus Unpaid Interest from Prior Periods - Class C Notes | $ | 176,124.24 | |||||||||||||||||||||
| (4) Current Interest Plus Unpaid Interest from Prior Periods - Class D Notes | $ | 111,841.87 | |||||||||||||||||||||
| (5) Trustee and Other Fees/Expenses | $ | 0.00 | |||||||||||||||||||||
| (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer | $ | 9,817.84 | |||||||||||||||||||||
| (7) Investor Default Amount, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (8) Replenish Reserve Fund | $ | 0.00 | |||||||||||||||||||||
| (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (11) Fund Accumulation Period Reserve Account | $ | 0.00 | |||||||||||||||||||||
| (12) Servicing Fees due Ford Credit | $ | 1,510,436.32 | |||||||||||||||||||||
| (13) Required Subordination Shortfall to be sent to holders of Depositor Interest | $ | 0.00 | |||||||||||||||||||||
| (14) Additional Trustee and Other Fees/Expenses | $ | 0.00 | |||||||||||||||||||||
| (15) Other Amounts due to Back-up Servicer or Successor Servicer | $ | 0.00 | |||||||||||||||||||||
| (16) Shared with other series in Excess Interest Sharing Group One | $ | 302,416.01 | |||||||||||||||||||||
| (17) To the Depositor's Interest Account, remaining amounts to Holders of Depositor Interest | $ | 504,474.64 | |||||||||||||||||||||
Page 26
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| VI. Available Investor Principal Collections Distribution Payments by Priority | ||||||||||||||||||||
| Available Investor Principal Collections | $ | 1,029,477,313.00 | ||||||||||||||||||
| Deposit to Principal Funding Account | $ | 0.00 | ||||||||||||||||||
| Shared with other series in Principal Sharing Group One | $ | 0.00 | ||||||||||||||||||
| Remainder released to holders of Depositor Interest | $ | 1,029,477,313.00 | ||||||||||||||||||
| VII. Subordination and Participation | ||||||||||||||||||||
| Subordination % | 14.29% | |||||||||||||||||||
| Incremental Subordinated Amount | $47,037,936.47 | |||||||||||||||||||
| Required Subordinated Amount | $246,679,245.16 | |||||||||||||||||||
| Required Pool % minus 100% times Initial Invested Amount | $0.00 | |||||||||||||||||||
| Required Depositor Amount Series 2019-3 | $246,679,245.16 | |||||||||||||||||||
| VIII. Distribution to Holders of Notes | ||||||||||||||||||||
| (per $1,000 denomination note) | ||||||||||||||||||||
| Total Amount Allocable to Principal Class A | $0.00 | |||||||||||||||||||
| Total Amount Allocable to Interest Class A | $1.62 | |||||||||||||||||||
| Total Amount Distributed Class A | $1.62 | |||||||||||||||||||
| Total Amount Allocable to Principal Class B | $0.00 | |||||||||||||||||||
| Total Amount Allocable to Interest Class B | $2.02 | |||||||||||||||||||
| Total Amount Distributed Class B | $2.02 | |||||||||||||||||||
| Total Amount Allocable to Principal Class C | $0.00 | |||||||||||||||||||
| Total Amount Allocable to Interest Class C | $2.14 | |||||||||||||||||||
| Total Amount Distributed Class C | $2.14 | |||||||||||||||||||
| Total Amount Allocable to Principal Class D | $0.00 | |||||||||||||||||||
| Total Amount Allocable to Interest Class D | $2.27 | |||||||||||||||||||
| Total Amount Distributed Class D | $2.27 | |||||||||||||||||||
| IX. Reserve Fund | ||||||||||||||||||||
| Beginning of Collection Period Balance | $5,756,580.00 | |||||||||||||||||||
| Reserve Fund Draw | $0.00 | |||||||||||||||||||
| Increases/(Decreases) | $0.00 | |||||||||||||||||||
| End of Collection Period Balance | $5,756,580.00 | |||||||||||||||||||
| Increases/(Decreases) | $0.00 | |||||||||||||||||||
| Payment Date Balance | $5,756,580.00 | |||||||||||||||||||
Page 27
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| X. Credit Risk Retention | ||||||||||||||||||||
| As of the Determination Date, Ford Motor Credit Company LLC, through the Depositors, maintained a seller’s interest in the Trust equal to at least 5% of each series of ABS interests issued by the Trust according to Regulation RR under the Securities Exchange Act of 1934. The seller's interest is represented by the Depositor Interest, which is required to be maintained and made available for the Series 2019-3 Notes in an amount equal to the percentage stated below (which is the Subordinated Percentage for the Series 2019-3 Notes) of the aggregate unpaid principal balance of the Series 2019-3 Notes: | ||||||||||||||||||||
| Seller's Interest: | 14.29% | |||||||||||||||||||
| XI. Memo Items | ||||||||||||||||||||
| Excess Funding Amount Series 2019-3 | $41,655,839.15 | |||||||||||||||||||
| Accumulation Period Reserve Account Balance | $0.00 | |||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2019-3 - This Collection Period | $0.00 | |||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2019-3 - Cumulative to this Payment Date | $0.00 | |||||||||||||||||||
Page 28
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| Series 2019-4 Summary | ||||||||||||||||||||||||||||||||
| I. Origination Information | ||||||||||||||||||||||||||||||||
| Date of Origination | 09/20/2019 | |||||||||||||||||||||||||||||||
| Expected Final Payment Date | 09/15/2024 | |||||||||||||||||||||||||||||||
| Final Maturity Date | 09/15/2026 | |||||||||||||||||||||||||||||||
| Class A Notes | Class B Notes | Class C Notes | Class D Notes | |||||||||||||||||||||||||||||
| Original Principal Outstanding | $ | 700,000,000.00 | $ | 32,237,000.00 | $ | 46,053,000.00 | $ | 27,632,000.00 | ||||||||||||||||||||||||
| Note Interest rate | 2.44 | % | 2.64 | % | 2.83 | % | 3.03 | % | ||||||||||||||||||||||||
| Total Original Principal Outstanding | $ | 805,922,000.00 | ||||||||||||||||||||||||||||||
| II. Series Allocations | ||||||||||||||||||||||||||||||||
| Current Floating Investor % | 7.81083178% | |||||||||||||||||||||||||||||||
| Investor Principal Collections | $ | 576,507,867.55 | ||||||||||||||||||||||||||||||
| Principal Default Amounts | $ | 0.00 | ||||||||||||||||||||||||||||||
| Investor Interest Collections | $ | 2,474,853.82 | ||||||||||||||||||||||||||||||
| III. Collections | ||||||||||||||||||||||||||||||||
| Interest | ||||||||||||||||||||||||||||||||
| Investor Interest Collections | $ | 2,474,853.82 | ||||||||||||||||||||||||||||||
| Reserve Fund Investment Proceeds | $ | 812.20 | ||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Release | $ | 0.00 | ||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Investment Proceeds | $ | 0.00 | ||||||||||||||||||||||||||||||
| Principal Funding Account Investment Proceeds | $ | 0.00 | ||||||||||||||||||||||||||||||
| Excess Depositor Interest/Principal Allocation | $ | 185,203.10 | ||||||||||||||||||||||||||||||
| Available Investor Interest Collections | $ | 2,660,869.12 | ||||||||||||||||||||||||||||||
| Shared Interest Collections from Excess Interest Sharing Group One | $ | 0.00 | ||||||||||||||||||||||||||||||
| Available Subordination Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reallocated Principal Collections | $ | 0.00 | ||||||||||||||||||||||||||||||
| Total Interest Amounts | $ | 2,660,869.12 | ||||||||||||||||||||||||||||||
| Memo: Annualized Yield incl. Excess Depositor Interest and Shared Interest Collections from Interest Sharing Group One | 3.69 | % | ||||||||||||||||||||||||||||||
| Principal | ||||||||||||||||||||||||||||||||
| Investor Principal Collections | $ | 576,507,867.55 | ||||||||||||||||||||||||||||||
| Investor Default Amount, Investor Charge-Off and Reallocated Principal Collections | $ | 0.00 | ||||||||||||||||||||||||||||||
| Shared Principal Collections from Principal Sharing Group One (Withdrawal from EFA) | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Available Investor Principal Collections | $ | 576,507,867.55 | ||||||||||||||||||||||||||||||
Page 29
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| IV. Interest Calculations | |||||||||||||||||||||||
| Class A Notes | Class B Notes | ||||||||||||||||||||||
| Original Principal Outstanding | $ | 700,000,000.00 | $ | 32,237,000.00 | |||||||||||||||||||
| Note Interest Rate | 2.44 | % | 2.64 | % | |||||||||||||||||||
| Days in Interest Period | 30 | 30 | |||||||||||||||||||||
| Monthly Interest | $ | 1,423,333.33 | $ | 70,921.40 | |||||||||||||||||||
| Class C Notes | Class D Notes | ||||||||||||||||||||||
| Original Principal Outstanding | $ | 46,053,000.00 | $ | 27,632,000.00 | |||||||||||||||||||
| Note Interest Rate | 2.83 | % | 3.03 | % | |||||||||||||||||||
| Days in Interest Period | 30 | 30 | |||||||||||||||||||||
| Monthly Interest | $ | 108,608.33 | $ | 69,770.80 | |||||||||||||||||||
| V. Available Investor Interest Collections Distribution Payments by Priority | |||||||||||||||||||||||
| Total Interest Amount | $ | 2,660,869.12 | |||||||||||||||||||||
| (1) Current Interest Plus Unpaid Interest from Prior Periods - Class A Notes | $ | 1,423,333.33 | |||||||||||||||||||||
| (2) Current Interest Plus Unpaid Interest from Prior Periods - Class B Notes | $ | 70,921.40 | |||||||||||||||||||||
| (3) Current Interest Plus Unpaid Interest from Prior Periods - Class C Notes | $ | 108,608.33 | |||||||||||||||||||||
| (4) Current Interest Plus Unpaid Interest from Prior Periods - Class D Notes | $ | 69,770.80 | |||||||||||||||||||||
| (5) Trustee and Other Fees/Expenses | $ | 0.00 | |||||||||||||||||||||
| (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer | $ | 5,497.99 | |||||||||||||||||||||
| (7) Investor Default Amount, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (8) Replenish Reserve Fund | $ | 0.00 | |||||||||||||||||||||
| (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (11) Fund Accumulation Period Reserve Account | $ | 0.00 | |||||||||||||||||||||
| (12) Servicing Fees due Ford Credit | $ | 845,845.18 | |||||||||||||||||||||
| (13) Required Subordination Shortfall to be sent to holders of Depositor Interest | $ | 0.00 | |||||||||||||||||||||
| (14) Additional Trustee and Other Fees/Expenses | $ | 0.00 | |||||||||||||||||||||
| (15) Other Amounts due to Back-up Servicer or Successor Servicer | $ | 0.00 | |||||||||||||||||||||
| (16) Shared with other series in Excess Interest Sharing Group One | $ | 51,306.04 | |||||||||||||||||||||
| (17) To the Depositor's Interest Account, remaining amounts to Holders of Depositor Interest | $ | 85,586.05 | |||||||||||||||||||||
Page 30
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| VI. Available Investor Principal Collections Distribution Payments by Priority | ||||||||||||||||||||
| Available Investor Principal Collections | $ | 576,507,867.55 | ||||||||||||||||||
| Deposit to Principal Funding Account | $ | 0.00 | ||||||||||||||||||
| Shared with other series in Principal Sharing Group One | $ | 0.00 | ||||||||||||||||||
| Remainder released to holders of Depositor Interest | $ | 576,507,867.55 | ||||||||||||||||||
| VII. Subordination and Participation | ||||||||||||||||||||
| Subordination % | 14.29% | |||||||||||||||||||
| Incremental Subordinated Amount | $ | 26,341,270.57 | ||||||||||||||||||
| Required Subordinated Amount | $ | 138,140,514.42 | ||||||||||||||||||
| Required Pool % minus 100% times Initial Invested Amount | $ | 0.00 | ||||||||||||||||||
| Required Depositor Amount Series 2019-4 | $ | 138,140,514.42 | ||||||||||||||||||
| VIII. Distribution to Holders of Notes | ||||||||||||||||||||
| (per $1,000 denomination note) | ||||||||||||||||||||
| Total Amount Allocable to Principal Class A | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class A | $ | 2.03 | ||||||||||||||||||
| Total Amount Distributed Class A | $ | 2.03 | ||||||||||||||||||
| Total Amount Allocable to Principal Class B | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class B | $ | 2.20 | ||||||||||||||||||
| Total Amount Distributed Class B | $ | 2.20 | ||||||||||||||||||
| Total Amount Allocable to Principal Class C | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class C | $ | 2.36 | ||||||||||||||||||
| Total Amount Distributed Class C | $ | 2.36 | ||||||||||||||||||
| Total Amount Allocable to Principal Class D | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class D | $ | 2.53 | ||||||||||||||||||
| Total Amount Distributed Class D | $ | 2.53 | ||||||||||||||||||
| IX. Reserve Fund | ||||||||||||||||||||
| Beginning of Collection Period Balance | $ | 3,223,688.00 | ||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||
| Increases/(Decreases) | $ | 0.00 | ||||||||||||||||||
| End of Collection Period Balance | $ | 3,223,688.00 | ||||||||||||||||||
| Increases/(Decreases) | $ | 0.00 | ||||||||||||||||||
| Payment Date Balance | $ | 3,223,688.00 | ||||||||||||||||||
Page 31
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| X. Credit Risk Retention | ||||||||||||||||||||
| As of the Determination Date, Ford Motor Credit Company LLC, through the Depositors, maintained a seller’s interest in the Trust equal to at least 5% of each series of ABS interests issued by the Trust according to Regulation RR under the Securities Exchange Act of 1934. The seller's interest is represented by the Depositor Interest, which is required to be maintained and made available for the Series 2019-4 Notes in an amount equal to the percentage stated below (which is the Subordinated Percentage for the Series 2019-4 Notes) of the aggregate unpaid principal balance of the Series 2019-4 Notes: | ||||||||||||||||||||
| Seller's Interest: | 14.29% | |||||||||||||||||||
| XI. Memo Items | ||||||||||||||||||||
| Excess Funding Amount Series 2019-4 | $23,327,293.08 | |||||||||||||||||||
| Accumulation Period Reserve Account Balance | $0.00 | |||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2019-4 - This Collection Period | $0.00 | |||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2019-4 - Cumulative to this Payment Date | $0.00 | |||||||||||||||||||
Page 32
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| Series 2020-1 Summary | ||||||||||||||||||||||||||||||||
| I. Origination Information | ||||||||||||||||||||||||||||||||
| Date of Origination | 09/18/2020 | |||||||||||||||||||||||||||||||
| Expected Final Payment Date | 09/15/2023 | |||||||||||||||||||||||||||||||
| Final Maturity Date | 09/15/2025 | |||||||||||||||||||||||||||||||
| Class A1 Notes | Class A2 Notes | Class B Notes | Class C Notes | Class D Notes | ||||||||||||||||||||||||||||
| Original Principal Outstanding | $ | 1,000,000,000.00 | $ | 150,000,000.00 | $ | 68,092,000.00 | $ | 60,526,000.00 | $ | 45,395,000.00 | ||||||||||||||||||||||
| Note Interest rate | 0.70 | % | One-month LIBOR + 0.50% | 0.98 | % | 1.42 | % | 2.12 | % | |||||||||||||||||||||||
| Total Original Principal Outstanding | $ | 1,324,013,000.00 | ||||||||||||||||||||||||||||||
| II. Series Allocations | ||||||||||||||||||||||||||||||||
| Current Floating Investor % | 12.83206416% | |||||||||||||||||||||||||||||||
| Investor Principal Collections | $947,118,841.82 | |||||||||||||||||||||||||||||||
| Principal Default Amounts | $0.00 | |||||||||||||||||||||||||||||||
| Investor Interest Collections | $4,065,826.01 | |||||||||||||||||||||||||||||||
| III. Collections | ||||||||||||||||||||||||||||||||
| Interest | ||||||||||||||||||||||||||||||||
| Investor Interest Collections | $4,065,826.01 | |||||||||||||||||||||||||||||||
| Reserve Fund Investment Proceeds | $1,667.92 | |||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Release | $0.00 | |||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Investment Proceeds | $0.00 | |||||||||||||||||||||||||||||||
| Principal Funding Account Investment Proceeds | $0.00 | |||||||||||||||||||||||||||||||
| Excess Depositor Interest/Principal Allocation | $304,261.83 | |||||||||||||||||||||||||||||||
| Available Investor Interest Collections | $4,371,755.76 | |||||||||||||||||||||||||||||||
| Shared Interest Collections from Excess Interest Sharing Group One | $0.00 | |||||||||||||||||||||||||||||||
| Available Subordination Draw | $0.00 | |||||||||||||||||||||||||||||||
| Reserve Fund Draw | $0.00 | |||||||||||||||||||||||||||||||
| Reallocated Principal Collections | $0.00 | |||||||||||||||||||||||||||||||
| Total Interest Amounts | $4,371,755.76 | |||||||||||||||||||||||||||||||
| Memo: Annualized Yield incl. Excess Depositor Interest and Shared Interest Collections from Interest Sharing Group One | 3.69 | % | ||||||||||||||||||||||||||||||
| Principal | ||||||||||||||||||||||||||||||||
| Investor Principal Collections | $947,118,841.82 | |||||||||||||||||||||||||||||||
| Investor Default Amount, Investor Charge-Off and Reallocated Principal Collections | $0.00 | |||||||||||||||||||||||||||||||
| Shared Principal Collections from Principal Sharing Group One (Withdrawal from EFA) | $0.00 | |||||||||||||||||||||||||||||||
| Reserve Fund Draw | $0.00 | |||||||||||||||||||||||||||||||
| Available Investor Principal Collections | $947,118,841.82 | |||||||||||||||||||||||||||||||
Page 33
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| IV. Interest Calculations | |||||||||||||||||||||||
| Class A1 Notes | Class A2 Notes | ||||||||||||||||||||||
| Original Principal Outstanding | $ | 1,000,000,000.00 | $ | 150,000,000.00 | |||||||||||||||||||
| Note Interest Rate | 0.70 | % | N/A | ||||||||||||||||||||
| LIBOR Rate | N/A | 0.55414 | % | ||||||||||||||||||||
| Spread | N/A | 0.50 | % | ||||||||||||||||||||
| Days in Interest Period | 30 | 31 | |||||||||||||||||||||
| Monthly Interest | $ | 583,333.33 | $ | 136,159.75 | |||||||||||||||||||
| Class B Notes | Class C Notes | Class D Notes | |||||||||||||||||||||
| Original Principal Outstanding | $ | 68,092,000.00 | $ | 60,526,000.00 | $ | 45,395,000.00 | |||||||||||||||||
| Note Interest Rate | 0.98 | % | 1.42 | % | 2.12 | % | |||||||||||||||||
| LIBOR Rate | N/A | N/A | N/A | ||||||||||||||||||||
| Spread | N/A | N/A | N/A | ||||||||||||||||||||
| Days in Interest Period | 30 | 30 | 30 | ||||||||||||||||||||
| Monthly Interest | $ | 55,608.47 | $ | 71,622.43 | $ | 80,197.83 | |||||||||||||||||
| V. Available Investor Interest Collections Distribution Payments by Priority | |||||||||||||||||||||||
| Total Interest Amount | $4,371,755.76 | ||||||||||||||||||||||
| (1) Current Interest Plus Unpaid Interest from Prior Periods - Class A Notes | $719,493.08 | ||||||||||||||||||||||
| (2) Current Interest Plus Unpaid Interest from Prior Periods - Class B Notes | $55,608.47 | ||||||||||||||||||||||
| (3) Current Interest Plus Unpaid Interest from Prior Periods - Class C Notes | $71,622.43 | ||||||||||||||||||||||
| (4) Current Interest Plus Unpaid Interest from Prior Periods - Class D Notes | $80,197.83 | ||||||||||||||||||||||
| (5) Trustee and Other Fees/Expenses | $0.00 | ||||||||||||||||||||||
| (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer | $9,032.41 | ||||||||||||||||||||||
| (7) Investor Default Amount, to be added to Principal Collections | $0.00 | ||||||||||||||||||||||
| (8) Replenish Reserve Fund | $0.00 | ||||||||||||||||||||||
| (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections | $0.00 | ||||||||||||||||||||||
| (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections | $0.00 | ||||||||||||||||||||||
| (11) Fund Accumulation Period Reserve Account | $0.00 | ||||||||||||||||||||||
| (12) Servicing Fees due Ford Credit | $1,389,600.99 | ||||||||||||||||||||||
| (13) Required Subordination Shortfall to be sent to holders of Depositor Interest | $0.00 | ||||||||||||||||||||||
| (14) Additional Trustee and Other Fees/Expenses | $0.00 | ||||||||||||||||||||||
| (15) Other Amounts due to Back-up Servicer or Successor Servicer | $0.00 | ||||||||||||||||||||||
| (16) Shared with other series in Excess Interest Sharing Group One | $766,899.22 | ||||||||||||||||||||||
| (17) To the Depositor's Interest Account, remaining amounts to Holders of Depositor Interest | $1,279,301.33 | ||||||||||||||||||||||
Page 34
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| VI. Available Investor Principal Collections Distribution Payments by Priority | ||||||||||||||||||||
| Available Investor Principal Collections | $ | 947,118,841.82 | ||||||||||||||||||
| Deposit to Principal Funding Account | $ | 0.00 | ||||||||||||||||||
| Shared with other series in Principal Sharing Group One | $ | 0.00 | ||||||||||||||||||
| Remainder released to holders of Depositor Interest | $ | 947,118,841.82 | ||||||||||||||||||
| VII. Subordination and Participation | ||||||||||||||||||||
| Subordination % | 14.29% | |||||||||||||||||||
| Incremental Subordinated Amount | $43,274,888.48 | |||||||||||||||||||
| Required Subordinated Amount | $226,944,836.99 | |||||||||||||||||||
| Required Pool % minus 100% times Initial Invested Amount | $0.00 | |||||||||||||||||||
| Required Depositor Amount Series 2020-1 | $226,944,836.99 | |||||||||||||||||||
| VIII. Distribution to Holders of Notes | ||||||||||||||||||||
| (per $1,000 denomination note) | ||||||||||||||||||||
| Total Amount Allocable to Principal Class A | $0.00 | |||||||||||||||||||
| Total Amount Allocable to Interest Class A | $0.63 | |||||||||||||||||||
| Total Amount Distributed Class A | $0.63 | |||||||||||||||||||
| Total Amount Allocable to Principal Class B | $0.00 | |||||||||||||||||||
| Total Amount Allocable to Interest Class B | $0.82 | |||||||||||||||||||
| Total Amount Distributed Class B | $0.82 | |||||||||||||||||||
| Total Amount Allocable to Principal Class C | $0.00 | |||||||||||||||||||
| Total Amount Allocable to Interest Class C | $1.18 | |||||||||||||||||||
| Total Amount Distributed Class C | $1.18 | |||||||||||||||||||
| Total Amount Allocable to Principal Class D | $0.00 | |||||||||||||||||||
| Total Amount Allocable to Interest Class D | $1.77 | |||||||||||||||||||
| Total Amount Distributed Class D | $1.77 | |||||||||||||||||||
| IX. Reserve Fund | ||||||||||||||||||||
| Beginning of Collection Period Balance | $6,620,065.00 | |||||||||||||||||||
| Reserve Fund Draw | $0.00 | |||||||||||||||||||
| Increases/(Decreases) | $0.00 | |||||||||||||||||||
| End of Collection Period Balance | $6,620,065.00 | |||||||||||||||||||
| Increases/(Decreases) | $0.00 | |||||||||||||||||||
| Payment Date Balance | $6,620,065.00 | |||||||||||||||||||
Page 35
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| X. Credit Risk Retention | ||||||||||||||||||||
| As of the Determination Date, Ford Motor Credit Company LLC, through the Depositors, maintained a seller’s interest in the Trust equal to at least 5% of each series of ABS interests issued by the Trust according to Regulation RR under the Securities Exchange Act of 1934. The seller's interest is represented by the Depositor Interest, which is required to be maintained and made available for the Series 2020-1 Notes in an amount equal to the percentage stated below (which is the Subordinated Percentage for the Series 2020-1 Notes) of the aggregate unpaid principal balance of the Series 2020-1 Notes: | ||||||||||||||||||||
| Seller's Interest: | 14.29% | |||||||||||||||||||
| XI. Memo Items | ||||||||||||||||||||
| Excess Funding Amount Series 2020-1 | $38,323,360.44 | |||||||||||||||||||
| Accumulation Period Reserve Account Balance | $0.00 | |||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2020-1 - This Collection Period | $0.00 | |||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2020-1 - Cumulative to this Payment Date | $0.00 | |||||||||||||||||||
Page 36
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| Series 2020-2 Summary | ||||||||||||||||||||||||||||||||
| I. Origination Information | ||||||||||||||||||||||||||||||||
| Date of Origination | 09/18/2020 | |||||||||||||||||||||||||||||||
| Expected Final Payment Date | 09/15/2025 | |||||||||||||||||||||||||||||||
| Final Maturity Date | 09/15/2027 | |||||||||||||||||||||||||||||||
| Class A Notes | Class B Notes | Class C Notes | Class D Notes | |||||||||||||||||||||||||||||
| Original Principal Outstanding | $ | 750,000,000.00 | $ | 44,408,000.00 | $ | 39,474,000.00 | $ | 29,605,000.00 | ||||||||||||||||||||||||
| Note Interest rate | 1.06 | % | 1.32 | % | 1.87 | % | 2.31 | % | ||||||||||||||||||||||||
| Total Original Principal Outstanding | $ | 863,487,000.00 | ||||||||||||||||||||||||||||||
| II. Series Allocations | ||||||||||||||||||||||||||||||||
| Current Floating Investor % | 8.36874003% | |||||||||||||||||||||||||||||||
| Investor Principal Collections | $ | 617,686,387.80 | ||||||||||||||||||||||||||||||
| Principal Default Amounts | $ | 0.00 | ||||||||||||||||||||||||||||||
| Investor Interest Collections | $ | 2,651,626.46 | ||||||||||||||||||||||||||||||
| III. Collections | ||||||||||||||||||||||||||||||||
| Interest | ||||||||||||||||||||||||||||||||
| Investor Interest Collections | $ | 2,651,626.46 | ||||||||||||||||||||||||||||||
| Reserve Fund Investment Proceeds | $ | 1,087.78 | ||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Release | $ | 0.00 | ||||||||||||||||||||||||||||||
| Accumulation Period Reserve Account Investment Proceeds | $ | 0.00 | ||||||||||||||||||||||||||||||
| Principal Funding Account Investment Proceeds | $ | 0.00 | ||||||||||||||||||||||||||||||
| Excess Depositor Interest/Principal Allocation | $ | 198,431.69 | ||||||||||||||||||||||||||||||
| Available Investor Interest Collections | $ | 2,851,145.93 | ||||||||||||||||||||||||||||||
| Shared Interest Collections from Excess Interest Sharing Group One | $ | 0.00 | ||||||||||||||||||||||||||||||
| Available Subordination Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reallocated Principal Collections | $ | 0.00 | ||||||||||||||||||||||||||||||
| Total Interest Amounts | $ | 2,851,145.93 | ||||||||||||||||||||||||||||||
| Memo: Annualized Yield incl. Excess Depositor Interest and Shared Interest Collections from Interest Sharing Group One | 3.69 | % | ||||||||||||||||||||||||||||||
| Principal | ||||||||||||||||||||||||||||||||
| Investor Principal Collections | $ | 617,686,387.80 | ||||||||||||||||||||||||||||||
| Investor Default Amount, Investor Charge-Off and Reallocated Principal Collections | $ | 0.00 | ||||||||||||||||||||||||||||||
| Shared Principal Collections from Principal Sharing Group One (Withdrawal from EFA) | $ | 0.00 | ||||||||||||||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||||||||||||||
| Available Investor Principal Collections | $ | 617,686,387.80 | ||||||||||||||||||||||||||||||
Page 37
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| IV. Interest Calculations | |||||||||||||||||||||||
| Class A Notes | Class B Notes | ||||||||||||||||||||||
| Original Principal Outstanding | $ | 750,000,000.00 | $ | 44,408,000.00 | |||||||||||||||||||
| Note Interest Rate | 1.06 | % | 1.32 | % | |||||||||||||||||||
| Days in Interest Period | 30 | 30 | |||||||||||||||||||||
| Monthly Interest | $ | 662,500.00 | $ | 48,848.80 | |||||||||||||||||||
| Class C Notes | Class D Notes | ||||||||||||||||||||||
| Original Principal Outstanding | $ | 39,474,000.00 | $ | 29,605,000.00 | |||||||||||||||||||
| Note Interest Rate | 1.87 | % | 2.31 | % | |||||||||||||||||||
| Days in Interest Period | 30 | 30 | |||||||||||||||||||||
| Monthly Interest | $ | 61,513.65 | $56,989.63 | ||||||||||||||||||||
| V. Available Investor Interest Collections Distribution Payments by Priority | |||||||||||||||||||||||
| Total Interest Amount | $ | 2,851,145.93 | |||||||||||||||||||||
| (1) Current Interest Plus Unpaid Interest from Prior Periods - Class A Notes | $ | 662,500.00 | |||||||||||||||||||||
| (2) Current Interest Plus Unpaid Interest from Prior Periods - Class B Notes | $ | 48,848.80 | |||||||||||||||||||||
| (3) Current Interest Plus Unpaid Interest from Prior Periods - Class C Notes | $ | 61,513.65 | |||||||||||||||||||||
| (4) Current Interest Plus Unpaid Interest from Prior Periods - Class D Notes | $ | 56,989.63 | |||||||||||||||||||||
| (5) Trustee and Other Fees/Expenses | $ | 0.00 | |||||||||||||||||||||
| (6) Current and past due Back-up Servicing Fee or Servicing Fee if Ford Credit is no longer Servicer | $ | 5,890.70 | |||||||||||||||||||||
| (7) Investor Default Amount, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (8) Replenish Reserve Fund | $ | 0.00 | |||||||||||||||||||||
| (9) Investor Chargeoffs not previously reimbursed, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (10) Reallocated Principal Collections not previously reimbursed, to be added to Principal Collections | $ | 0.00 | |||||||||||||||||||||
| (11) Fund Accumulation Period Reserve Account | $ | 0.00 | |||||||||||||||||||||
| (12) Servicing Fees due Ford Credit | $ | 906,261.79 | |||||||||||||||||||||
| (13) Required Subordination Shortfall to be sent to holders of Depositor Interest | $ | 0.00 | |||||||||||||||||||||
| (14) Additional Trustee and Other Fees/Expenses | $ | 0.00 | |||||||||||||||||||||
| (15) Other Amounts due to Back-up Servicer or Successor Servicer | $ | 0.00 | |||||||||||||||||||||
| (16) Shared with other series in Excess Interest Sharing Group One | $ | 415,697.10 | |||||||||||||||||||||
| (17) To the Depositor's Interest Account, remaining amounts to Holders of Depositor Interest | $ | 693,444.26 | |||||||||||||||||||||
Page 38
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| VI. Available Investor Principal Collections Distribution Payments by Priority | ||||||||||||||||||||
| Available Investor Principal Collections | $ | 617,686,387.80 | ||||||||||||||||||
| Deposit to Principal Funding Account | $ | 0.00 | ||||||||||||||||||
| Shared with other series in Principal Sharing Group One | $ | 0.00 | ||||||||||||||||||
| Remainder released to holders of Depositor Interest | $ | 617,686,387.80 | ||||||||||||||||||
| VII. Subordination and Participation | ||||||||||||||||||||
| Subordination % | 14.29% | |||||||||||||||||||
| Incremental Subordinated Amount | $ | 28,222,761.88 | ||||||||||||||||||
| Required Subordinated Amount | $ | 148,007,547.10 | ||||||||||||||||||
| Required Pool % minus 100% times Initial Invested Amount | $ | 0.00 | ||||||||||||||||||
| Required Depositor Amount Series 2020-2 | $ | 148,007,547.10 | ||||||||||||||||||
| VIII. Distribution to Holders of Notes | ||||||||||||||||||||
| (per $1,000 denomination note) | ||||||||||||||||||||
| Total Amount Allocable to Principal Class A | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class A | $ | 0.88 | ||||||||||||||||||
| Total Amount Distributed Class A | $ | 0.88 | ||||||||||||||||||
| Total Amount Allocable to Principal Class B | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class B | $ | 1.10 | ||||||||||||||||||
| Total Amount Distributed Class B | $ | 1.10 | ||||||||||||||||||
| Total Amount Allocable to Principal Class C | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class C | $ | 1.56 | ||||||||||||||||||
| Total Amount Distributed Class C | $ | 1.56 | ||||||||||||||||||
| Total Amount Allocable to Principal Class D | $ | 0.00 | ||||||||||||||||||
| Total Amount Allocable to Interest Class D | $ | 1.93 | ||||||||||||||||||
| Total Amount Distributed Class D | $ | 1.93 | ||||||||||||||||||
| IX. Reserve Fund | ||||||||||||||||||||
| Beginning of Collection Period Balance | $ | 4,317,435.00 | ||||||||||||||||||
| Reserve Fund Draw | $ | 0.00 | ||||||||||||||||||
| Increases/(Decreases) | $ | 0.00 | ||||||||||||||||||
| End of Collection Period Balance | $ | 4,317,435.00 | ||||||||||||||||||
| Increases/(Decreases) | $ | 0.00 | ||||||||||||||||||
| Payment Date Balance | $ | 4,317,435.00 | ||||||||||||||||||
Page 39
Ford Credit Floorplan Master Owner Trust A
Monthly Investor Report
| Collection Period | 04/01/2022 - 04/30/2022 | ||||
| Determination Date | 5/12/2022 | ||||
| Payment Date | 5/16/2022 | ||||
| X. Credit Risk Retention | ||||||||||||||||||||
| As of the Determination Date, Ford Motor Credit Company LLC, through the Depositors, maintained a seller’s interest in the Trust equal to at least 5% of each series of ABS interests issued by the Trust according to Regulation RR under the Securities Exchange Act of 1934. The seller's interest is represented by the Depositor Interest, which is required to be maintained and made available for the Series 2020-2 Notes in an amount equal to the percentage stated below (which is the Subordinated Percentage for the Series 2020-2 Notes) of the aggregate unpaid principal balance of the Series 2020-2 Notes: | ||||||||||||||||||||
| Seller's Interest: | 14.29% | |||||||||||||||||||
| XI. Memo Items | ||||||||||||||||||||
| Excess Funding Amount Series 2020-2 | $24,993,503.49 | |||||||||||||||||||
| Accumulation Period Reserve Account Balance | $0.00 | |||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2020-2 - This Collection Period | $0.00 | |||||||||||||||||||
| Trapped Principal Collections Allocable to Series 2020-2 - Cumulative to this Payment Date | $0.00 | |||||||||||||||||||
Page 40
Exhibit 99.2
Statistical Information as of March 31, 2022
Ford Credit Floorplan Master Owner Trust A
Issuing Entity or Trust
| Ford Credit Floorplan Corporation | ||||||||||||||
| Ford Credit Floorplan LLC | Ford Motor Credit Company LLC | |||||||||||||
| Depositors | Sponsor and Servicer | |||||||||||||
| The following tables update information in various prospectus supplements of Ford Credit Floorplan Master Owner Trust A, or the "trust", about the dealer floorplan portfolio of Ford Motor Credit Company LLC, or "Ford Credit", and the dealer floorplan portfolio of the trust as of the dates or for the periods indicated. The percentages in the following tables may not sum to 100.0% due to rounding. | ||||||||||||||
| Ford Credit's Dealer Floorplan Portfolio Performance | ||||||||||||||
| The following tables show the loss information, payment rates, age distribution, and dealer risk rating group distribution for Ford Credit's dealer floorplan portfolio, which may be influenced by a variety of economic, social, geographic and other factors beyond the control of Ford Credit. The accounts designated to the trust represent most but not all of Ford Credit's dealer floorplan portfolio. There can be no assurance that the loss experience, age distribution, payment rate and dealer risk rating group distribution for the receivables in the trust will be similar to the historical experience shown below for Ford Credit's dealer floorplan portfolio. | ||||||||||||||
| Loss Information for Ford Credit's Dealer Floorplan Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Three months ended March 31, | Year ended December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2021 | 2020 | 2019 | 2018 | 2017 | ||||||||||||||||||||||||||||||||||||||||||||
| (Dollars in Millions) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Average principal balance (1) | $8,976 | $15,021 | $11,101 | $18,994 | $24,400 | $23,250 | $22,519 | |||||||||||||||||||||||||||||||||||||||||||
Net losses (recoveries) (2) | $(0.3) | $(0.9) | $(1.5) | $(1.3) | $9.7 | $46.9 | $(0.9) | |||||||||||||||||||||||||||||||||||||||||||
Net losses/average principal balance (3) | (0.011)% | (0.023)% | (0.014)% | (0.007)% | 0.040% | 0.202% | (0.004)% | |||||||||||||||||||||||||||||||||||||||||||
Liquidations (4) | $21,683 | $26,981 | $98,653 | $107,815 | $118,525 | $116,325 | $114,264 | |||||||||||||||||||||||||||||||||||||||||||
| Net losses/liquidations | (0.001)% | (0.003)% | (0.002)% | (0.001)% | 0.008% | 0.040% | (0.001)% | |||||||||||||||||||||||||||||||||||||||||||
| (1) Average principal balance is the average of the principal balances of the receivables at the beginning of each month in the period indicated. | ||||||||||||||||||||||||||||||||||||||||||||||||||
| (2) Net losses in any period are gross losses, including actual losses and estimated losses, less any recoveries, including actual recoveries and reductions in the amount of estimated losses, in each case, for the period. This loss experience takes into account financial assistance provided by Ford to dealers in limited instances. If Ford does not provide this assistance in the future, the loss experience of Ford Credit's dealer floorplan portfolio may be adversely affected. This loss experience also reflects recoveries from dealer assets other than the financed vehicles. However, because the interest of the trust in any other dealer assets will be subordinated to Ford Credit's interest in those assets, the net losses experienced by the trust may be higher. | ||||||||||||||||||||||||||||||||||||||||||||||||||
| (3) For the non-annual periods, the percentages are annualized. | ||||||||||||||||||||||||||||||||||||||||||||||||||
| (4) Liquidations represent payments and net losses that reduce the principal balance of the receivables for the period indicated. | ||||||||||||||||||||||||||||||||||||||||||||||||||
1
Information Supplement-March 31, 2022
Payment Rates (1) of Ford Credit's Dealer Floorplan Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Three months ended March 31, | Year ended December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2021 | 2020 | 2019 | 2018 | 2017 | ||||||||||||||||||||||||||||||||||||||||||||
| Highest month | 92.9 | % | 77.5 | % | 96.1 | % | 63.9 | % | 45.1 | % | 48.5 | % | 46.5 | % | ||||||||||||||||||||||||||||||||||||
| Lowest month | 72.7 | % | 51.6 | % | 51.6 | % | 29.2 | % | 34.4% | 36.7 | % | 36.5 | % | |||||||||||||||||||||||||||||||||||||
| Average of the Months in the period | 81.4 | % | 60.3 | % | 76.5 | % | 49.3 | % | 40.6 | % | 41.8 | % | 42.4 | % | ||||||||||||||||||||||||||||||||||||
(1) The payment rate for each month equals liquidations divided by the principal balance of the receivables as of the beginning of the month. | ||||||||||||||||||||||||||||||||||||||||||||||||||
Age Distribution(1) of Ford Credit's Dealer Floorplan Portfolio | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| As of March 31, | Year ended December 31, (2) | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Days Outstanding | 2022 | 2021 | 2021 | 2020 | 2019 | 2018 | 2017 | ||||||||||||||||||||||||||||||||||||||||||||||
| 1 - 120 | 93.0 | % | 86.1 | % | 88.9 | % | 77.2 | % | 79.0 | % | 80.5 | % | 77.9 | % | |||||||||||||||||||||||||||||||||||||||
| 121 – 180 | 3.0 | % | 6.6 | % | 5.0 | % | 9.6 | % | 9.8 | % | 9.0 | % | 9.3 | % | |||||||||||||||||||||||||||||||||||||||
| 181 – 270 | 1.8 | % | 4.0 | % | 3.1 | % | 7.5 | % | 6.7 | % | 6.2 | % | 7.2 | % | |||||||||||||||||||||||||||||||||||||||
| Over 270 | 2.3 | % | 3.2 | % | 3.1 | % | 5.8 | % | 4.5 | % | 4.4 | % | 5.7 | % | |||||||||||||||||||||||||||||||||||||||
| (1) Age distribution is the number of days that each receivable (including in-transit receivables) has been financed by Ford Credit, expressed as a percentage of the total principal balance of the receivables as of end of the quarter separating the in-transit finance period from the post-delivery finance period. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| (2) The age distribution for each year ending December 31 is the average of the age distributions as of the end of each quarter in the year. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Dealer Risk Rating Group Distribution(1) of Ford Credit's Dealer Floorplan Portfolio | ||||||||||||||||||||||||||||||||
| Dealer Risk Rating Group | As of March 31, | ||||||||||||||||||||||
| 2022 | 2021 | ||||||||||||||||||||||
| Number of Accounts | Principal Balance | Number of Accounts | Principal Balance | ||||||||||||||||||||
| I | 61.3 | % | 78.3 | % | 59.4 | % | 82.7 | % | |||||||||||||||
| II | 3.2 | % | 3.0 | % | 5.6 | % | 6.8 | % | |||||||||||||||
| III | 0.3 | % | 0.2 | % | 0.8 | % | 0.6 | % | |||||||||||||||
| IV | 0.1 | % | 0.1 | % | 0.1 | % | 0.1 | % | |||||||||||||||
Other (2) | 35.2 | % | 18.4 | % | 34.0 | % | 9.8 | % | |||||||||||||||
| Dealer Risk Rating Group | As of December 31, | ||||||||||||||||||||||||||||||||||||||||||||||
| 2021 | 2020 | 2019 | 2018 | 2017 | |||||||||||||||||||||||||||||||||||||||||||
| Number of Accounts | Principal Balance | Number of Accounts | Principal Balance | Number of Accounts | Principal Balance | Number of Accounts | Principal Balance | Number of Accounts | Principal Balance | ||||||||||||||||||||||||||||||||||||||
| I | 61.1 | % | 79.6 | % | 60.0 | % | 84.2 | % | 61.9 | % | 88.3 | % | 63.8 | % | 87.4 | % | 64.0 | % | 87.5 | % | |||||||||||||||||||||||||||
| II | 3.7 | % | 3.7 | % | 6.3 | % | 7.3 | % | 7.1 | % | 6.1 | % | 8.1 | % | 6.0 | % | 8.6 | % | 6.2 | % | |||||||||||||||||||||||||||
| III | 0.3 | % | 0.3 | % | 1.0 | % | 0.6 | % | 0.7 | % | 0.4 | % | 0.5 | % | 0.6 | % | 0.8 | % | 0.9 | % | |||||||||||||||||||||||||||
| IV | 0.1 | % | 0.1 | % | 0.1 | % | 0.0 | % | 0.6 | % | 0.9 | % | 0.2 | % | 0.4 | % | 0.1 | % | 0.0 | % | |||||||||||||||||||||||||||
| Other (2) | 34.8 | % | 16.3 | % | 32.5 | % | 7.9 | % | 29.7 | % | 4.2 | % | 27.3 | % | 5.6 | % | 26.6 | % | 5.4 | % | |||||||||||||||||||||||||||
| (1) Includes accounts designated to the trust that have a zero balance, but excludes accounts not designated to the trust that have a zero balance. | |||||||||||||||||||||||||||||||||||||||||||||||
| (2) Includes dealers that have no dealer risk rating, generally because Ford Credit only provides in-transit financing for the dealer or because Ford Credit is in the process of terminating the financing for the dealer. | |||||||||||||||||||||||||||||||||||||||||||||||
2
Information Supplement-March 31, 2022
| "Status" Information for Ford Credit's Dealer Floorplan Portfolio | ||||||||||||||||||||||||||||||||||||||||||||||||||
| As of March 31, | As of December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2021 | 2020 | 2019 | 2018 | 2017 | ||||||||||||||||||||||||||||||||||||||||||||
| (Dollars in Millions) | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of accounts | 3,520 | 3,560 | 3,534 | 3,519 | 3,537 | 3,611 | 3,604 | |||||||||||||||||||||||||||||||||||||||||||
| Number of "status" accounts | 2 | 5 | 2 | 5 | 21 | 9 | 4 | |||||||||||||||||||||||||||||||||||||||||||
| Percentage of "status" accounts | 0.057 | % | 0.140 | % | 0.057 | % | 0.142 | % | 0.594 | % | 0.249 | % | 0.111 | % | ||||||||||||||||||||||||||||||||||||
| Average principal balance (1) | $ | 8,976 | $ | 15,021 | $ | 11,101 | $ | 18,994 | $ | 24,400 | $ | 23,250 | $ | 22,519 | ||||||||||||||||||||||||||||||||||||
| Principal balance of "status" receivables | $ | 11.8 | $ | 17.0 | $ | 13.7 | $ | 3.8 | $ | 233.5 | $ | 99.1 | $ | 7.8 | ||||||||||||||||||||||||||||||||||||
| Percentage of principal balance of "status" receivables | 0.132 | % | 0.113 | % | 0.124 | % | 0.020 | % | 0.957 | % | 0.426 | % | 0.035 | % | ||||||||||||||||||||||||||||||||||||
| (1) Average principal balance is the average of the principal balances of the receivables at the beginning of each month in the period indicated. | ||||||||||||||||||||||||||||||||||||||||||||||||||
3
Information Supplement-March 31, 2022
Trust Pool
The following information relates to the trust's pool of dealer floorplan receivables originated in accounts designated to the trust. Because the designated accounts and the receivables will change over time, the following information is not necessarily indicative of the composition of the trust pool on any other date.
Key Information for the Trust Pool
On March 31, 2022 , the accounts designated to the trust and the receivables in the trust had the following characteristics:
•There were 3,316 designated accounts and the total principal balance of receivables originated in these accounts was $10,168,004,828.22. There were 250 designated accounts that had a principal balance of receivables of zero. | |||||||||||||||||||||||||||||||||||||||||||||||
•The average principal balance of receivables per designated account was $3,066,346.45. Excluding designated accounts with a zero balance, the average principal balance of receivables per designated account was $3,316,374.70. | |||||||||||||||||||||||||||||||||||||||||||||||
•The weighted average spread over the prime rate charged on the receivables was 0.33% per annum. | |||||||||||||||||||||||||||||||||||||||||||||||
•The manufacturer overconcentration was $53,296,732.08. The fleet vehicle overconcentration was $141,221,085.73. The dealer overconcentration, the development dealer overconcentration, the medium and heavy truck overconcentration and the used vehicle (including program vehicles) overconcentration were each zero. | |||||||||||||||||||||||||||||||||||||||||||||||
•The total principal balance of ineligible receivables was $54,307,945.29. | |||||||||||||||||||||||||||||||||||||||||||||||
•The total outstanding balance of principal receivables relating to accounts that have been classified as "status" for longer than 31 days was zero. | |||||||||||||||||||||||||||||||||||||||||||||||
The following tables show the geographic distribution, the account balance distribution and the status distribution of the trust portfolio on March 31, 2022
| Geographic Distribution of the Trust Pool | ||||||||||||||||||||||||||
State (1) | Principal Balance | Percentage of Total Principal Balance | Number of Designated Accounts | Percentage of Total Number of Designated Accounts | ||||||||||||||||||||||
| Texas | $ | 1,189,010,548.24 | 11.7 | % | 262 | 7.9 | % | |||||||||||||||||||
| California | $ | 798,219,950.24 | 7.9 | % | 169 | 5.1 | % | |||||||||||||||||||
| Florida | $ | 569,380,219.65 | 5.6 | % | 118 | 3.6 | % | |||||||||||||||||||
| Michigan | $ | 554,054,939.85 | 5.4 | % | 143 | 4.3 | % | |||||||||||||||||||
| New York | $ | 547,830,858.44 | 5.4 | % | 131 | 4.0 | % | |||||||||||||||||||
Other (2) | $ | 6,509,508,311.80 | 64.0 | % | 2,493 | 75.2 | % | |||||||||||||||||||
| Total | $ | 10,168,004,828.22 | 100.0 | % | 3,316 | 100.0 | % | |||||||||||||||||||
| (1) Based on the location of the related dealer showroom. | ||||||||||||||||||||||||||
| (2) No other state represents more than 5.0% of the principal balance of receivables owned by the trust. | ||||||||||||||||||||||||||
4
Information Supplement-March 31, 2022
| Account Balance Distribution of the Trust Pool | ||||||||||||||||||||||||||
| Range of Account Balance | Principal Balance | Percentage of Total Principal Balance | Number of Designated Accounts | Percentage of Total Number of Designated Accounts | ||||||||||||||||||||||
| $999,999.99 or lower | $ | 471,859,960.62 | 4.6 | % | 1,101 | 33.2 | % | |||||||||||||||||||
| $1,000,000.00 to $2,499,999.99 | $ | 1,617,417,456.56 | 15.9 | % | 971 | 29.3 | % | |||||||||||||||||||
| $2,500,000.00 to $4,999,999.99 | $ | 2,506,925,873.10 | 24.7 | % | 700 | 21.1 | % | |||||||||||||||||||
| $5,000,000.00 to $7,499,999.99 | $ | 1,668,776,649.28 | 16.4 | % | 273 | 8.2 | % | |||||||||||||||||||
| $7,500,000.00 to $9,999,999.99 | $ | 1,055,191,105.93 | 10.4 | % | 122 | 3.7 | % | |||||||||||||||||||
| $10,000,000.00 or higher | $ | 2,847,833,782.73 | 28.0 | % | 149 | 4.5 | % | |||||||||||||||||||
| Total | $ | 10,168,004,828.22 | 100.0 | % | 3,316 | 100.0 | % | |||||||||||||||||||
Static Pool Information about the Trust Pool
The following tables show the loss information, age distribution, monthly payment rates and dealer risk rating group distribution for the trust pool, which may be influenced by a variety of economic, social and geographic conditions and other factors beyond the control of Ford Credit. Because the designated accounts and the receivables will change over time, the actual experience of the trust pool may differ from that shown below. There can be no assurance that the experience for the trust pool in the future will be similar to the historical experience shown below.
Loss Information (1) of the Trust Pool | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Three months ended March 31, | Year ended December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2021 | 2020 | 2019 | 2018 | 2017 | ||||||||||||||||||||||||||||||||||||||||||||
| (Dollars in Millions) | ||||||||||||||||||||||||||||||||||||||||||||||||||
Average Principal Balance (2) | $ | 10,006 | $ | 13,392 | $ | 11,536 | $ | 16,651 | $ | 19,508 | $ | 19,259 | $ | 19,514 | ||||||||||||||||||||||||||||||||||||
Net Losses (Recoveries) (3) Net losses/average | $ | 0.0 | $ | 0.0 | $ | 0.0 | $ | 0.0 | $ | 0.0 | $ | 0.0 | $ | 0.0 | ||||||||||||||||||||||||||||||||||||
principal balance (4) | 0.000 | % | 0.000 | % | 0.000 | % | 0.000 | % | 0.000 | % | 0.000 | % | 0.000 | % | ||||||||||||||||||||||||||||||||||||
| (1) The trust has not experienced a loss on the trust pool during the periods above because the depositors elected to accept reassignment of the receivables in the accounts redesignated from the trust when the dealer was classified as "status" or, in limited cases, within 90 days after classification. However, the depositors are not required to do so, and they may not continue to do so in the future. For a description of the redesignation of "status" accounts and the reassignment of "status" receivables, you should read "Trust Property – Redesignation of Accounts – Ineligible Accounts." | ||||||||||||||||||||||||||||||||||||||||||||||||||
| (2) Average principal balance is the average of the principal balances of the receivables at the beginning of each month in the period indicated. | ||||||||||||||||||||||||||||||||||||||||||||||||||
| (3) Net losses in any period are gross losses, including actual losses and estimated losses, less any recoveries, including actual recoveries and reductions in the amount of estimated losses, in each case, for the period. Recoveries include amounts received from any other dealer assets securing the receivables in addition to the financed vehicles. | ||||||||||||||||||||||||||||||||||||||||||||||||||
| (4) For non-annual periods, the percentages are annualized. | ||||||||||||||||||||||||||||||||||||||||||||||||||
5
Information Supplement-March 31, 2022
Monthly Payment Rates (1) of the Trust Pool | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Three months ended March 31, | Year ended December 31, | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2021 | 2020 | 2019 | 2019 | 2018 | 2017 | ||||||||||||||||||||||||||||||||||||||||||||||
| Highest month | 95.5 | % | 78.9 | % | 99.4 | % | 65.9 | % | 44.9 | % | 48.4 | % | 45.9 | % | |||||||||||||||||||||||||||||||||||||||
| Lowest month | 73.9 | % | 52.0 | % | 52.0 | % | 28.8 | % | 31.6 | % | 33.8 | % | 34.3 | % | |||||||||||||||||||||||||||||||||||||||
| Average of the months in the Period | 83.4 | % | 61.1 | % | 79.5 | % | 49.6 | % | 39.1 | % | 40.4 | % | 40.5 | % | |||||||||||||||||||||||||||||||||||||||
| (1) The “monthly payment rate” for a month equals the principal collections for the month divided by the principal balance of the receivables at the beginning of the month. | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Age Distribution (1) of the Trust Pool | ||||||||||||||||||||||||||||||||||||||||||||||||||
| As of March 31, | As of December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||
| Days Outstanding | 2022 | 2021 | 2021 | 2020 | 2019 | 2018 | 2017 | |||||||||||||||||||||||||||||||||||||||||||
| 1 - 120 | 94.4 | % | 86.4 | % | 94.5 | % | 86.2 | % | 81.4 | % | 84.2 | % | 84.0 | % | ||||||||||||||||||||||||||||||||||||
| 121 – 180 | 2.8 | % | 6.7 | % | 2.7 | % | 7.0 | % | 8.0 | % | 6.8 | % | 5.8 | % | ||||||||||||||||||||||||||||||||||||
| 181 – 270 | 1.7 | % | 4.1 | % | 1.7 | % | 2.3 | % | 5.9 | % | 4.8 | % | 4.7 | % | ||||||||||||||||||||||||||||||||||||
| Over 270 | 1.2 | % | 2.8 | % | 1.2 | % | 4.6 | % | 4.7 | % | 4.2 | % | 5.5 | % | ||||||||||||||||||||||||||||||||||||
| (1) Age distribution is the number of days that each receivable has been financed by Ford Credit, expressed as a percentage of the total principal balance of the receivables. For receivables relating to Ford-manufactured or Ford-distributed new vehicles, the age distribution separately takes into account the in-transit period. The age distribution measures, in the case of those receivables relating to Ford-manufactured or Ford–distributed new vehicles that are in-transit, the age of the receivables from the date the related vehicles were released from the factory or customs, as applicable, and in the case of those receivables relating to Ford-manufactured or Ford–distributed new vehicles that have been delivered to the dealer, the age of the receivables from the date the related vehicles were actually delivered to the dealer. | ||||||||||||||||||||||||||||||||||||||||||||||||||
6
Information Supplement-March 31, 2022
Dealer Risk Rating Group Distribution(1) of the Trust Portfolio
| Dealer Risk Rating Group | As of March 31, | ||||||||||||||||||||||
| 2022 | 2021 | ||||||||||||||||||||||
| Number of Accounts | Principal Balance | Number of Accounts | Principal Balance | ||||||||||||||||||||
| I | 62.0 | % | 78.2 | % | 60.9 | % | 81.7 | % | |||||||||||||||
| II | 3.0 | % | 3.0 | % | 5.6 | % | 7.0 | % | |||||||||||||||
| III | 0.2 | % | 0.2 | % | 0.8 | % | 0.6 | % | |||||||||||||||
| IV | 0.0 | % | 0.0 | % | 0.0 | % | 0.0 | % | |||||||||||||||
Other (2) | 34.8 | % | 18.6 | % | 32.6 | % | 10.7 | % | |||||||||||||||
| Dealer Risk Rating Group | As of December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2021 | 2020 | 2019 | 2018 | 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of Accounts | Principal Balance | Number of Accounts | Principal Balance | Number of Accounts | Principal Balance | Number of Accounts | Principal Balance | Number of Accounts | Principal Balance | |||||||||||||||||||||||||||||||||||||||||||||||
| I | 61.5 | % | 79.2 | % | 60.7 | % | 83.2 | % | 64.7 | % | 88.9 | % | 65.3 | % | 89.0 | % | 65.3 | % | 89.6 | % | ||||||||||||||||||||||||||||||||||||
| II | 3.6 | % | 3.6 | % | 6.4 | % | 7.5 | % | 7.3 | % | 6.0 | % | 7.3 | % | 5.3 | % | 7.7 | % | 5.1 | % | ||||||||||||||||||||||||||||||||||||
| III | 0.3 | % | 0.3 | % | 1.0 | % | 0.6 | % | 0.6 | % | 0.4 | % | 0.2 | % | 0.2 | % | 0.5 | % | 0.4 | % | ||||||||||||||||||||||||||||||||||||
| IV | 0.0 | % | 0.0 | % | 0.0 | % | 0.0 | % | 0.1 | % | 0.4 | % | 0.0 | % | 0.0 | % | 0.0 | % | 0.0 | % | ||||||||||||||||||||||||||||||||||||
Other (2) | 34.6 | % | 16.8 | % | 31.9 | % | 8.7 | % | 27.3 | % | 4.2 | % | 27.2 | % | 5.5 | % | 26.5 | % | 4.9 | % | ||||||||||||||||||||||||||||||||||||
| (1) Includes accounts designated to the trust that have a zero balance | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (2) Includes dealers that have no dealer risk rating, generally because Ford Credit only provides in-transit financing for the dealers or because Ford Credit is in the process of terminating the financing for the dealer. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| "Status" Information for the Trust Pool | ||||||||||||||||||||||||||||||||||||||||||||||||||
| As of March 31, | As of December 31, | |||||||||||||||||||||||||||||||||||||||||||||||||
| 2022 | 2021 | 2021 | 2020 | 2019 | 2018 | 2017 | ||||||||||||||||||||||||||||||||||||||||||||
| (Dollars in Millions) | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Number of accounts | 3,316 | 3,339 | 3,370 | 3,365 | 3,261 | 3,137 | 3,234 | |||||||||||||||||||||||||||||||||||||||||||
| Number of "status" accounts | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||
| Percentage of "status" accounts | 0.000 | % | 0.000 | % | 0.000 | % | 0.000 | % | 0.000 | % | 0.000 | % | 0.000 | % | ||||||||||||||||||||||||||||||||||||
Average principal balance (1) | $ | 10,006 | $ | 13,392 | $ | 11,536 | $ | 16,651 | $ | 19,508 | $ | 19,259 | $ | 19,514 | ||||||||||||||||||||||||||||||||||||
| Principal balance of "status" receivables | $ | 0.0 | $ | 0.0 | $ | 0.0 | $ | 0.0 | $ | 0.0 | $ | 0.0 | $ | 0.0 | ||||||||||||||||||||||||||||||||||||
| Percentage of principal balance of "status" receivables | 0.000 | % | 0.000 | % | 0.000 | % | 0.000 | % | 0.000 | % | 0.000 | % | 0.000 | % | ||||||||||||||||||||||||||||||||||||
| (1) Average principal balance is the average of the principal balances of the receivables at the beginning of each month in the period indicated. | ||||||||||||||||||||||||||||||||||||||||||||||||||
7
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Nutriband Inc. (NASDAQ: NTRB) Advances Abuse Deterrent Tech Addressing Fentanyl Epidemic
- Revision de NexosTrade - explorando funcionalidad y credibilidad.
- Tequila Don Julio Brings Modern Mexican Culture to a National Stage with 'A Summer of Mexicana'
Create E-mail Alert Related Categories
SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
