Ford, one of the world's Big Three vehicle manufacturers, will provide a rich bounty of fees for banks that specialise in securitisation next year if it succeeds in raising upwards of $11bn (€11.2bn) through the sale of asset-backed securities (ABS).

The ABS component will account for more than half of the company's entire $22bn funding programme in 2003, compared with one quarter this year. Ford Credit, the company's financial unit, will raise the money. The remainder of the funding will come from other bond markets.