Ford International Capital Corp. - 1969 dated $1,000 Automotive Bond - Famed Co. from Ford vs. Ferrari Movie
Inv# AB5000 Bond
$1,000 Automotive Bond. Vignette of Henry Ford with early prototype of car. Vertical format. Great bond!!! Rare!!! Available in Pink or Blue. Please specify color. Famed Company from Ford vs. Ferrari Movie.
Ford International Capital Corporation was established in March 1968 as a wholly-owned subsidiary of Ford Motor Company. The company was created to provide loans to buyers, not exclusively within the United States, backed by Ford’s guaranteed debentures. These debentures were secured by Ford's tangible assets and could eventually be converted into common stock of the Ford Motor Company.
The bond features the facsimile signature of J. Edward Lundy, a member of the Whiz Kids—an influential group of ten young US Army Air Forces veterans hired by Henry Ford II in 1946. Lundy, who started as a financial planning manager, quickly rose to prominence, playing a key role in developing financial forecasting as a crucial business management tool. The term "Lundyism" is still used by some of Ford Motor Company's finance staff to describe specific grammatical, typographical, and formatting practices in financial report preparation. Ford International Capital Corporation was incorporated in Delaware and had an office in Hamilton, Bermuda.
A bond is a document of title for a loan. Bonds are issued, not only by businesses, but also by national, state or city governments, or other public bodies, or sometimes by individuals. Bonds are a loan to the company or other body. They are normally repayable within a stated period of time. Bonds earn interest at a fixed rate, which must usually be paid by the undertaking regardless of its financial results. A bondholder is a creditor of the undertaking.
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