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Ford Credit Canada Limited completes retail loan securitization transactions

Date Closed

September 25, 2008

Lead Office



900.00 Million CAD

On September 25, 2008, Ford Credit Canada Limited ("FCCL") completed two retail loan securitization transactions, receiving immediately available proceeds of approximately C$0.9 billion. In order to carry out the transactions, newly established trusts sponsored by FCCL purchased two pools of retail conditional sale contracts from FCCL. The trusts financed the purchases by issuing asset-backed notes to Canadian bank-sponsored securitization conduits.

McCarthy Tétrault LLP advised FCCL with a team led by Dirk Rueter.