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This excerpt taken from the F 10-K filed Mar 10, 2005. Overview. Ford
Credit is exposed to a variety of risks in the normal course of
its business activities. In addition to counterparty risk
discussed above, Ford Credit is subject to the following
additional types of risks that it seeks to identify, assess,
monitor and manage, in accordance with defined policies and
procedures:
Each form of risk is uniquely managed in the context of its contribution to Ford Credit’s overall global risk. Business decisions are evaluated on a risk-adjusted basis and products are priced consistent with these risks. Credit and residual risks are discussed above in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” under the caption “Critical Accounting Estimates” and liquidity risk is discussed above in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” under the caption “Liquidity and 69
Item 7A. Quantitative and
Qualitative Disclosures About Market Risk (Continued)
Capital Resources — Financial Services Sector — Ford Credit”. A discussion of Ford Credit’s market risks is included below.
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