ABS Corporation | Page 1 | |
Banc One Home Equity Loan Trust 1999-1 | ||
P & S Agreement Date: | May 31, 1999 | |
Original Settlement Date: | June 23, 1999 | |
Series Number of Certificates: | ||
Original Collateral Sale Balance | $510,205,197.95 |
Statement to Certificateholders (Page 1 of 2) | |||||
Distribution Date: | 7/21/03 | ||||
INVESTOR CERTIFICATES DISTRIBUTION SUMMARY (PER $1000 ORIGINAL PRINCIPAL AMOUNT) | |||||
A. | INTEREST & PRINCIPAL DISTRIBUTIONS TO INVESTORS | ||||
Investor Certificate Interest Distributed | 0.341752 | ||||
Investor Certificate Interest Shortfall Distributed | 0.000000 | ||||
Remaining Unpaid Investor Certificate Interest Shortfall | 0.000000 | ||||
Managed Amortization Period ? (Yes=1; No=0) | 1 | ||||
Investors Certificate Principal Distributed | 9.161183 | ||||
Principal Distribution Amount | 9.106352 | ||||
Maximum Principal Payment | 16.420126 | ||||
Alternative Principal Payment | 9.106352 | ||||
Principal Collections less Additional Balances | 9.106352 | ||||
Investor Loss Amount Distributed to Investors | 0.362571 | ||||
Accelerated Principal Distribution Amount | -0.307740 | ||||
Credit Enhancement Draw Amount | 0.00 | ||||
Total Amount Distributed to Certificateholders (P & I) | 9.502935 | ||||
B. | INVESTOR CERTIFICATE PRINCIPAL BALANCE | ||||
Beginning Investor Certificate Balance | 145,508,115.58 | ||||
Ending Investor Certificate Balance | 140,927,524.10 | ||||
Beginning Invested Amount | 150,395,985.09 | ||||
Ending Invested Amount | 145,661,523.62 | ||||
Investor Certificateholder Floating Allocation Percentage | 93.7760 | % | |||
Pool Factor | 0.2818550 | ||||
Liquidation Loss Amount for Liquidated Loans | 193,317.33 | ||||
Unreimbursed Liquidation Loss Amount | 0.00 | ||||
C. | POOL INFORMATION | ||||
Beginning Pool Balance | 160,377,836.30 | ||||
Ending Pool Balance | 155,631,342.83 | ||||
Servicing Fee | 66,824.10 | ||||
D. | INVESTOR CERTIFICATE RATE | ||||
Investor Certificate Rate | 1.363750 | % | |||
LIBOR Rate | 1.103750 | % | |||
Maximum Rate | 4.408165 | % | |||
E. | DELINQUENCY & REO STATUS | ||||
Delinquent 30-59 days | |||||
No. of Accounts | 69 | ||||
Trust Balances | 2,059,781.11 | ||||
Delinquent 60-89 days | |||||
No. of Accounts | 45 | ||||
Trust Balances | 1,240,029.65 | ||||
Delinquent 90+ days | |||||
No. of Accounts | 94 | ||||
Trust Balances | 3,427,272.71 | ||||
Delinquent 9+ Months | |||||
No. of Accounts | 0 | ||||
Trust Balances | 0 | ||||
REO | |||||
No. of Accounts | 0 | ||||
Trust Balances | 0.00 |
ABS Corporation | Page 2 | |||
Banc One Home Equity Loan Trust 1999-1 | ||||
P & S Agreement Date: | May 31, 1999 | |||
Original Settlement Date: | June 23, 1999 | |||
Series Number of Certificates: | ||||
Original Collateral Sale Balance | $510,205,197.95 |
Statement to Certificateholders (Page 2 of 2) | ||
Distribution Date: | 7/21/03 |
IN WITNESS WHEREOF, the undersigned has caused this Certificate to be duly executed and certifies to the best of his knowledge and belief that information is true and correct this 16th day of July 2003
Bank One, N.A. as Servicer | ||||
/s/ Michael J. Grubb | ||||
Michael J. Grubb First Vice President |
Distribution List:
Keith Richardson—Bank One, N.A.