Ford Credit Canada Limited announced today that it completed a securitization of a pool of retail conditional sale contracts, receiving immediately available proceeds of approximately $700 million CAD ($658 million).

Under the securitization transaction, a master trust sponsored by Ford Credit Canada Limited, Ford Auto Securitization Trust (FAST) purchased a pool of retail conditional sale contracts from Ford Credit Canada Limited. FAST financed the purchase by issuing a series of asset-backed notes to a third party investor. This transaction is not associated with the Canadian Secured Credit Facility.

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