Date Closed

March 3, 2011

Lead Office

Toronto

Value

0.60 Billion CAD

On March 3, 2011, Ford Credit Canada Limited (“FCCL”) completed a retail loan securitization transaction, receiving proceeds of C$0.6 billion.  In order to carry out the transaction, Ford Auto Securitization Trust (the “Trust”), a master trust sponsored by FCCL, purchased a pool of retail conditional sale contracts from FCCL.  The Trust financed the purchase by completing a public offering of six classes of Series 2011-R1 Asset-Backed Notes.  The offering was made by a syndicate of underwriters consisting of HSBC Securities (Canada) Inc., Merrill Lynch Canada Inc., RBC Dominion Securities Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., CIBC World Markets Inc. and TD Securities Inc. and their respective U.S. registered broker-dealer affiliates.

McCarthy Tétrault LLP represented Ford Credit Canada, with a team led by Dirk Rueter.