Ford Credit Canada has launched its first dealer securitization in four years of dealer inventory financing.

The CAD$460.13 million (US$361.3 million) Floorplan Auto Securitization Trust Series 2017-F1 is backed by a balance of CAD$1.78 billion in loans and advances made to 273 Ford dealers in Canada to purchase new and used auto inventory. Floorplan financing agreements require dealers to pay back loans in full on cars after they are sold; if a vehicle is unsold after a certain period of time, dealers must pay down loan on a pre-determined payment schedule.

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