Ford
pool composition tests ford credit aims to its portfolio of receivables consistently across its and public retail transactions pool composition tests are subject to occasional modification in the context of new transactions pool composition tests are applied to the entire pool when the trust purchases or sells receivables and mitigate the risk of adverse changes in the receivables composition over time two levels of pool composition tests impact the amount of credit enhancement failure of any of the more stringent floor credit enhancement composition tests results in increased credit enhancement failure of any of the pool composition tests requires the to identify ineligible receivables so that the remaining receivables satisfy the tests providing dollar for dollar credit enhancement for ineligible receivables | Ford
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February 2024
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