Associates Credit Card Master Note Trust Inactive
Filed: 29 Nov 00, 12:00am
| Exhibit 20.2 | ||||||||||||||
| Servicer's Report | CONFIDENTIAL | |||||||||||||
| Interest Period: September 27, 2000 to November 16, 2000 | Date of Report: November 15, 2000 | |||||||||||||
| Associates Credit Card Master Note Trust, Series 2000-2 | ||||||||||||||
| Class A | Class B | Class C | Total Series | Transferor | Trust | |||||||||
| Monthly Master Note Trust Activities | Note | Note | Note | Note | Interest | Totals | ||||||||
| Beginning Principal Receivables Balance | 6,982,167,081.58 | |||||||||||||
| Beginning Fin. Chrg. Receivables Balance | 386,290,339.86 | |||||||||||||
| Beginning Total Receivables Balance | 7,368,457,421.44 | |||||||||||||
| Beginning Special Funding Accnt Balance | 0.00 | |||||||||||||
| Beginning Spread Account Balance | 0.00 | |||||||||||||
| Beginning Reserve Account Balance | 0.00 | |||||||||||||
| Initial Invested Amount | 600,000,000.00 | 80,921,000.00 | 108,553,000.00 | 789,474,000.00 | ||||||||||
| Beginning Period Invested Amount | 600,000,000.00 | 80,921,000.00 | 108,553,000.00 | 789,474,000.00 | 1,398,329,681.58 | |||||||||
| Note Principal Balance Increase | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
| Note Principal Balance Decrease | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
| Reductions in Invested Amount this Period | ||||||||||||||
| (Other than by Principal Payments) | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
| Previous Reductions in Invested Amount | ||||||||||||||
| Reimbursed this Period | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
| Ending Special Funding Accnt Balance | 0.00 | |||||||||||||
| Ending Spread Account Balance | 0.00 | |||||||||||||
| Ending Reserve Account Balance | 0.00 | |||||||||||||
| Ending Period Invested Amount | 600,000,000.00 | 80,921,000.00 | 108,553,000.00 | 789,474,000.00 | 1,375,424,831.09 | |||||||||
| Group I Information | Series 2000-98-1 | Series 2000-98-2 | Series 2000-99-1 | Series 2000-99-2 | Series 2000-99-3 | Series 2000-99-4 | ||||||||
| Beginning Invested Amount | 882,500,000.00 | 823,628,000.00 | 705,882,000.00 | 529,412,400.00 | 264,706,000.00 | 588,235,000.00 | ||||||||
| Average Rate | 6.92% | 6.92% | 6.95% | 6.89% | 6.92% | 6.97% | ||||||||
| Allocable Finance Charge Collections | 19,261,495.04 | 17,976,551.43 | 15,406,620.56 | 11,554,985.06 | 5,777,488.17 | 12,838,850.47 | ||||||||
| Allocable Principal Collections | 82,391,314.42 | 76,894,950.15 | 65,902,034.91 | 49,426,610.20 | 24,713,286.43 | 54,918,362.42 | ||||||||
| Allocable Default Amount Due | 6,530,627.77 | 6,094,966.45 | 5,223,629.00 | 3,917,728.41 | 1,958,862.72 | 4,353,024.17 | ||||||||
| Allocable Monthly Interest Due | 5,256,282.08 | 4,904,663.37 | 4,225,243.07 | 3,139,624.88 | 1,576,651.50 | 3,530,170.64 | ||||||||
| Allocable Monthly Servicing Fees Due | 1,470,833.33 | 1,372,713.33 | 1,176,470.00 | 882,354.00 | 441,176.67 | 980,391.67 | ||||||||
| Ending Invested Amount | 882,500,000.00 | 823,628,000.00 | 705,882,000.00 | 529,412,400.00 | 264,706,000.00 | 588,235,000.00 | ||||||||
| Group I Information | Series 2000-1 | Series 2000-2 | Total | |||||||||||
| Beginning Invested Amount | 1,000,000,000.00 | 789,474,000.00 | 5,583,837,400.00 | |||||||||||
| Average Rate | 6.85% | 6.85% | 6.90% | |||||||||||
| Allocable Finance Charge Collections | 21,826,056.71 | 17,231,104.29 | 121,873,151.74 | |||||||||||
| Allocable Principal Collections | 93,361,262.80 | 73,706,289.58 | 521,314,110.91 | |||||||||||
| Allocable Default Amount Due | 7,400,144.78 | 5,842,221.90 | 41,321,205.19 | |||||||||||
| Allocable Monthly Interest Due | 5,899,020.15 | 7,657,804.33 | 36,189,460.02 | |||||||||||
| Allocable Monthly Servicing Fees Due | 1,666,666.67 | 1,486,842.00 | 9,477,447.67 | |||||||||||
| Ending Invested Amount | 1,000,000,000.00 | 789,474,000.00 | 5,583,837,400.00 | |||||||||||
| Payout Event Tests | ||||||||||||||
| Base Rate Trigger | Transferor's Interest Trigger | |||||||||||||
| 3 Month Average Portfolio Yield | 18.47% | Required Transferor Interest | 487,148,356.18 | |||||||||||
| 3 Month Average Base Rate | 2.95% | Transferor Interest | 1,375,424,831.09 | |||||||||||
| Spread | 15.52% | Trigger Pass Test | Yes | |||||||||||
| Trigger Pass Test: If Spread is >0, "Yes" | Yes | |||||||||||||
| ASSOCIATES CREDIT CARD MASTER NOTE TRUST | ||||||||||||||
| Series 2000-2 | ||||||||||||||
| Pursuant to the Master Indenture dated as of April 1, 2000 (as amended and supplemented, the "Master Indenture"), between Associates Credit Card | ||||||||||||||
| Master Note Trust (the "Trust") and The Bank of New York, as indenture trustee (the "Indenture Trustee"), as supplemented by the Series 2000-1 Indenture | ||||||||||||||
| Supplement, dated as of September 15, 2000 (the "Indenture Supplement"), between the Trust and the Indenture Trustee, Associates National Bank (Delaware), as Servicer | ||||||||||||||
| (the "Servicer") under the Transfer and Servicing Agreement, dated as of April 1, 2000 (the "Transfer and Servicing Agreement") among Associates Credit Card | ||||||||||||||
| Receivables Corp., as Transferor, the Servicer and the Trust, is required to prepare certain information each month regarding current distributions to the Series | ||||||||||||||
| 2000-1 Noteholders and the performance of the Trust during the previous month. The information which is required to be prepared with respect to the Distribution | ||||||||||||||
| Date of November 17, 2000, and with respect to the performance of the Trust during the month of October is set forth below. Capitalized terms used in this Monthly | ||||||||||||||
| Statement have their respective meanings set forth in the Master Indenture and the Indenture Supplement. | ||||||||||||||
| Current Transaction Period: | Revolving Period | |||||||||||||
| Any Cash Flow Shortfalls this Period | No | |||||||||||||
| Any Cash Flow Shortfalls from Previous Period | No | |||||||||||||
| Payout Event this Period: | No | |||||||||||||
| Group I Participants: | Series 2000-98-1, Series 2000-98-2 | |||||||||||||
| Series 2000-99-1, Series 2000-99-2, Series 2000-99-3, Series 2000-99-4 | ||||||||||||||
| Series 2000-1, Series 2000-2 | ||||||||||||||
| MASTER NOTE TRUST RECEIVABLES | ||||||||||||||
| YIELD AND BASE RATE -- | ||||||||||||||
| October: (31 posting days) | ||||||||||||||
| Yield | Defaults | Total | ||||||||||||
| Portfolio Yield (Current Month) | 25.35% | 8.59% | 16.75% | |||||||||||
| Portfolio Yield (Prior Month) | 32.19% | 10.72% | 21.47% | |||||||||||
| Portfolio Yield (Two Months Ago) | 26.51% | 9.32% | 17.18% | |||||||||||
| THREE MONTH AVERAGE PORTFOLIO YIELD | 18.47% | |||||||||||||
| Servicing | Coupon | Total | ||||||||||||
| Base Rate (Current Month) | 2.00% | 6.85% | 8.85% | |||||||||||
| Base Rate (Prior Month) | 0.00% | |||||||||||||
| Base Rate (Two Months Ago) | 0.00% | |||||||||||||
| THREE MONTH AVERAGE BASE RATE | 2.95% | |||||||||||||
| Beginning Period Principal Receivables | 6,982,167,081.58 | |||||||||||||
| Beginning Period Finance Charge Receivables | 386,290,339.86 | |||||||||||||
| Beginning Period Discounted Receivables | 0.00 | |||||||||||||
| Beginning Period Total Receivables | 7,368,457,421.44 | |||||||||||||
| Removed Principal Receivables | 0.00 | |||||||||||||
| Removed Finance Charge Receivables | 0.00 | |||||||||||||
| Removed Total Receivables | 0.00 | |||||||||||||
| Discounted Receivables Generated this Period | 0.00 | |||||||||||||
| Additional Principal Receivables | 0.00 | |||||||||||||
| Additional Finance Charge Receivables | 0.00 | |||||||||||||
| Additional Total Receivables | 0.00 | |||||||||||||
| Total Principal Collections this Period | 651,863,935.79 | |||||||||||||
| Total Defaulted Principal Receivables this Period | 51,669,047.29 | |||||||||||||
| Total Receivables Adjustments this Period | 23,971,271.60 | |||||||||||||
| Total Finance Charge Collections this Period | 152,393,174.66 | |||||||||||||
| Total Discounted Receivables this Period | 0.00 | |||||||||||||
| Ending Period Principal Receivables | 6,959,262,231.09 | |||||||||||||
| Ending Period Finance Charge Receivables | 390,624,587.13 | |||||||||||||
| Ending Period Discounted Receivables | 0.00 | |||||||||||||
| Ending Period Total Receivables | 7,349,886,818.20 | |||||||||||||
| DELINQUENCY INFORMATION | ||||||||||||||
| End of the Month Principal Delinquencies: | ||||||||||||||
| 31-60 Days Delinquent | 163,993,525.88 | |||||||||||||
| 61-90 Days Delinquent | 98,430,214.63 | |||||||||||||
| 91+ Days Delinquent | 170,535,037.02 | |||||||||||||
| Total 31+ Days Delinquent | 432,958,777.53 | |||||||||||||
| ASSOCIATES CREDIT CARD MASTER NOTE TRUST | ||||||||||||||
| Cash Flow Allocations | ||||||||||||||
| Series 2000-2 | ||||||||||||||
| FLOATING INVESTOR PERCENTAGE | 0.113070 | |||||||||||||
| FIXED INVESTOR PERCENTAGE | 0.113070 | |||||||||||||
| FINANCE CHARGE ALLOCATIONS | Class A | Class B | Class C | Total | ||||||||||
| AVAILABLE FUNDS | ||||||||||||||
| Total Trust Finance Charge Collections | 152,393,174.66 | |||||||||||||
| Investor Percentage | 0.113070 | |||||||||||||
| Investor Finance Charge Collections | 17,231,104.29 | 17,231,104.29 | ||||||||||||
| Excess Finance Charge Collections allocated to Series | 0.00 | 0.00 | ||||||||||||
| Available Finance Charge Collections | 17,231,104.29 | 17,231,104.29 | ||||||||||||
| CASH FLOW ALLOCATIONS | ||||||||||||||
| Class A Distributions | ||||||||||||||
| (1) | Class A Monthly Interest | 5,723,050.00 | ||||||||||||
| (2) | Class A Monthly Interest Previously Due | 0.00 | ||||||||||||
| (3) | Class A Monthly Additional Interest | 0.00 | ||||||||||||
| (4) | Class A Monthly Additional Interest Previously Due | 0.00 | ||||||||||||
| Total Class A Monthly Interest | 5,723,050.00 | 5,723,050.00 | ||||||||||||
| Class B Distributions | ||||||||||||||
| (5) | Class B Monthly Interest | 799,371.36 | ||||||||||||
| (6) | Class B Monthly Interest Previously Due | 0.00 | ||||||||||||
| (7) | Class B Monthly Additional Interest | 0.00 | ||||||||||||
| (8) | Class B Monthly Additional Interest Previously Due | 0.00 | ||||||||||||
| Total Class B Monthly Interest | 799,371.36 | 799,371.36 | ||||||||||||
| (9) | Total Monthly Servicing Fee for Series | 1,486,842.00 | ||||||||||||
| (10) | Total Servicing Fee for Series Previously Due | 0.00 | ||||||||||||
| (11) | Class A Prepayable Increase Amount Interest | 0.00 | 0.00 | |||||||||||
| (12) | Class B Prepayable Increase Amount Interest | 0.00 | 0.00 | |||||||||||
| (13) | Investor Default Amount | 5,842,221.90 | ||||||||||||
| (14) | Investor Charge-Offs | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||
| (15) | Reallocated Principal Collections Previously Due | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||
| Class C Distributions | ||||||||||||||
| (16) | Class C Monthly Interest | 1,135,382.97 | ||||||||||||
| (17) | Class C Monthly Interest Previously Due | 0.00 | ||||||||||||
| (18) | Class C Monthly Additional Interest | 0.00 | ||||||||||||
| (19) | Class C Monthly Additional Interest Previously Due | 0.00 | ||||||||||||
| (20) | Class C Prepayable Increase Amount Interest | 0.00 | ||||||||||||
| Total Class C Interest | 1,135,382.97 | 1,135,382.97 | ||||||||||||
| (21) | Funds Required per Note Agreement under | |||||||||||||
| Sections 2.07, 2.08 & 2.09 | 0.00 | |||||||||||||
| (22) | Funds Required per Note Agreement under | |||||||||||||
| Sections 2.04 (e) & 7.01 | 0.00 | |||||||||||||
| Spread Account Distributions | ||||||||||||||
| (23) | Class C Spread Account Required Deposit | 0.00 | ||||||||||||
| TOTAL EXCESS SPREAD ELIGIBLE FOR OTHER | ||||||||||||||
| SERIES' ALLOCATIONS | 2,244,236.06 | |||||||||||||
| EXCESS SPREAD ALLOCATED TO OTHER SERIES' | 0.00 | |||||||||||||
| EXCESS SPREAD RELEASED TO TRANSFEROR | 2,244,236.06 | |||||||||||||
| PRINCIPAL ALLOCATIONS | Class A | Class B | Class C | Total | ||||||||||
| AVAILABLE FUNDS | ||||||||||||||
| Total Trust Principal Collections | 651,863,935.79 | |||||||||||||
| Investor Percentage | 0.113070 | |||||||||||||
| Investor Principal Collections | 73,706,289.58 | |||||||||||||
| Shared Principal Collections from other Series' | 578,157,646.21 | |||||||||||||
| Available Principal Collections | 651,863,935.79 | |||||||||||||
| Controlled Amoritization Amount | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
| Partial Amoritization Amount | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
| Deficiency Controlled Amoritization Amount | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
| Monthly Principal Amount | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
| Principal Shortfall | ||||||||||||||
| Reallocated Principal to other Series' | 0.00 | 0.00 | 0.00 | |||||||||||
| ASSOCIATES CREDIT CARD MASTER NOTE TRUST | ||||||||||||||
| Cash Reconciliation | ||||||||||||||
| Nov-00 | ||||||||||||||
| Group 1 | Coupon Rate | Balance | Interest Payments | |||||||||||
| Series 2000-98-1, Class A | 6.81% | $662,500,000.00 | $ 3,885,681.04 | |||||||||||
| Series 2000-98-1, Class B | 7.03% | $ 87,500,000.00 | $ 529,989.76 | |||||||||||
| Series 2000-98-1, Class C | 7.37% | $ 132,500,000.00 | $ 840,611.28 | |||||||||||
| Series 2000-98-2, Class A | 6.81% | $ 617,647,000.00 | $ 3,621,826.27 | |||||||||||
| Series 2000-98-2, Class B | 7.03% | $ 82,353,000.00 | $ 498,511.88 | |||||||||||
| Series 2000-98-2, Class C | 7.37% | $ 123,628,000.00 | $ 784,325.22 | |||||||||||
| Series 2000-99-1, Class A | 6.85% | $ 529,412,000.00 | $ 3,124,718.30 | |||||||||||
| Series 2000-99-1, Class B | 7.05% | $ 70,588,000.00 | $ 428,784.36 | |||||||||||
| Series 2000-99-1, Class C | 7.37% | $ 105,882,000.00 | $ 671,740.41 | |||||||||||
| Series 2000-99-2, Class A | 6.77% | $ 397,058,400.00 | $ 2,313,748.64 | |||||||||||
| Series 2000-99-2, Class B | 7.06% | $ 52,941,600.00 | $ 322,065.22 | |||||||||||
| Series 2000-99-2, Class C | 7.37% | $ 79,412,400.00 | $ 503,811.02 | |||||||||||
| Series 2000-99-3, Class A | 6.84% | $ 198,500,000.00 | $ 1,168,721.47 | |||||||||||
| Series 2000-99-3, Class B | 6.84% | $ 26,500,000.00 | $ 156,025.79 | |||||||||||
| Series 2000-99-3, Class C | 7.37% | $ 39,706,000.00 | $ 251,904.24 | |||||||||||
| Series 2000-99-4, Class A | 6.87% | $ 441,176,000.00 | $ 2,609,529.75 | |||||||||||
| Series 2000-99-4, Class B | 7.12% | $ 58,824,000.00 | $ 360,857.22 | |||||||||||
| Series 2000-99-4, Class C | 7.37% | $ 88,235,000.00 | $ 559,783.67 | |||||||||||
| Series 2000-1, Class A | 6.74% | $ 760,000,000.00 | $ 4,412,591.67 | |||||||||||
| Series 2000-1, Class B | 6.96% | $ 102,500,000.00 | $ 614,096.01 | |||||||||||
| Series 2000-1, Class C | 7.37% | $ 137,500,000.00 | $ 872,332.47 | |||||||||||
| Series 2000-2, Class A | 6.73% | $ 600,000,000.00 | $ 5,723,050.00 | |||||||||||
| Series 2000-2, Class B | 6.97% | $ 80,921,000.00 | $ 799,371.36 | |||||||||||
| Series 2000-2, Class C | 7.38% | $ 108,553,000.00 | $ 1,135,382.97 | |||||||||||
| Weighted Average Coupon of all Notes | 6.90% | $5,583,837,400.00 | $ 36,189,460.02 | |||||||||||
| Weighted Average Coupon of | 6.82% | $4,768,421,000.00 | ||||||||||||
| Class A and Class B Notes | ||||||||||||||
| Current Transaction Period: | Revolving Period | |||||||||||||
| CASH FLOW REQUIREMENTS | Series 2000-98-1 | |||||||||||||
| Class A | Class B | Class C | Total | |||||||||||
| Principal Distribution Due this Period | $ - | $ - | $ - | $ - | ||||||||||
| Interest Distribution Due this Period | $ 3,885,681.04 | $ 529,989.76 | $ 840,611.28 | $ 5,256,282.08 | ||||||||||
| Unpaid Principal Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Unpaid Interest Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Prepayable Interest | $ - | $ - | $ - | $ - | ||||||||||
| Servicing Fee | $ 1,470,833.33 | $ 1,470,833.33 | ||||||||||||
| Total Required Distribution | $ 3,885,681.04 | $ 529,989.76 | $ 2,311,444.61 | $ 6,727,115.41 | ||||||||||
| Total Required Distribution to Class A & Class B investors | $ 4,415,670.80 | |||||||||||||
| Series 2000-98-2 | ||||||||||||||
| Class A | Class B | Class C | Total | |||||||||||
| Principal Distribution Required Amount | $ - | $ - | $ - | $ - | ||||||||||
| Interest Distribution Required Amount | $ 3,621,826.27 | $ 498,511.88 | $ 784,325.22 | $ 4,904,663.37 | ||||||||||
| Unpaid Principal Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Unpaid Interest Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Prepayable Interest | $ - | $ - | $ - | $ - | ||||||||||
| Servicing Fee | $ 1,372,713.33 | $ 1,372,713.33 | ||||||||||||
| Total Required Distribution | $ 3,621,826.27 | $ 498,511.88 | $ 2,157,038.55 | $ 6,277,376.70 | ||||||||||
| Total Required Distribution to Class A & Class B investors | ||||||||||||||
| Series 2000-99-1 | ||||||||||||||
| Class A | Class B | Class C | Total | |||||||||||
| Principal Distribution Required Amount | $ - | $ - | $ - | $ - | ||||||||||
| Interest Distribution Required Amount | $ 3,124,718.30 | $ 428,784.36 | $ 671,740.41 | $ 4,225,243.07 | ||||||||||
| Unpaid Principal Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Unpaid Interest Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Prepayable Interest | $ - | $ - | $ - | $ - | ||||||||||
| Servicing Fee | $ 1,176,470.00 | $ 1,176,470.00 | ||||||||||||
| Total Required Distribution | $ 3,124,718.30 | $ 428,784.36 | $ 1,848,210.41 | $ 5,401,713.07 | ||||||||||
| Total Required Distribution to Class A & Class B investors | $ 3,553,502.66 | |||||||||||||
| Series 2000-99-2 | ||||||||||||||
| Class A | Class B | Class C | Total | |||||||||||
| Principal Distribution Required Amount | $ - | $ - | $ - | $ - | ||||||||||
| Interest Distribution Required Amount | $ 2,313,748.64 | $ 322,065.22 | $ 503,811.02 | $ 3,139,624.88 | ||||||||||
| Unpaid Principal Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Unpaid Interest Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Prepayable Interest | $ - | $ - | $ - | $ - | ||||||||||
| Servicing Fee | $ 882,354.00 | $ 882,354.00 | ||||||||||||
| Total Required Distribution | $ 2,313,748.64 | $ 322,065.22 | $ 1,386,165.02 | $ 4,021,978.88 | ||||||||||
| Total Required Distribution to Class A & Class B investors | $ 2,635,813.86 | |||||||||||||
| Series 2000-99-3 | ||||||||||||||
| Class A | Class B | Class C | Total | |||||||||||
| Principal Distribution Required Amount | $ - | $ - | $ - | $ - | ||||||||||
| Interest Distribution Required Amount | $ 1,168,721.47 | $ 156,025.79 | $ 251,904.24 | $ 1,576,651.50 | ||||||||||
| Unpaid Principal Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Unpaid Interest Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Prepayable Interest | $ - | $ - | $ - | $ - | ||||||||||
| Servicing Fee | $ 441,176.67 | $ 441,176.67 | ||||||||||||
| Total Required Distribution | $ 1,168,721.47 | $ 156,025.79 | $ 693,080.91 | $ 2,017,828.17 | ||||||||||
| Total Required Distribution to Class A & Class B investors | $ 1,324,747.26 | |||||||||||||
| Series 2000-99-4 | ||||||||||||||
| Class A | Class B | Class C | Total | |||||||||||
| Principal Distribution Required Amount | $ - | $ - | $ - | $ - | ||||||||||
| Interest Distribution Required Amount | $ 2,609,529.75 | $ 360,857.22 | $ 559,783.67 | $ 3,530,170.64 | ||||||||||
| Unpaid Principal Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Unpaid Interest Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Prepayable Interest | $ - | $ - | $ - | $ - | ||||||||||
| Servicing Fee | $ 980,391.67 | $ 980,391.67 | ||||||||||||
| Total Required Distribution | $ 2,609,529.75 | $ 360,857.22 | $ 1,540,175.34 | $ 4,510,562.31 | ||||||||||
| Total Required Distribution to Class A & Class B investors | $ 2,970,386.97 | |||||||||||||
| Series 2000-1 | ||||||||||||||
| Class A | Class B | Class C | Total | |||||||||||
| Principal Distribution Required Amount | $ - | $ - | $ - | $ - | ||||||||||
| Interest Distribution Required Amount | $ 4,412,591.67 | $ 614,096.01 | $ 872,332.47 | $ 5,899,020.15 | ||||||||||
| Unpaid Principal Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Unpaid Interest Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Prepayable Interest | $ - | $ - | $ - | $ - | ||||||||||
| Servicing Fee | $ 1,666,666.67 | $ 1,666,666.67 | ||||||||||||
| Total Required Distribution | $ 4,412,591.67 | $ 614,096.01 | $ 2,538,999.14 | $ 7,565,686.82 | ||||||||||
| Total Required Distribution to Class A & Class B investors | $ 5,026,687.68 | |||||||||||||
| Series 2000-2 | ||||||||||||||
| Class A | Class B | Class C | Total | |||||||||||
| Principal Distribution Required Amount | $ - | $ - | $ - | $ - | ||||||||||
| Interest Distribution Required Amount | $ 5,723,050.00 | $ 799,371.36 | $ 1,135,382.97 | $ 7,657,804.33 | ||||||||||
| Unpaid Principal Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Unpaid Interest Shortfalls paid this Period | $ - | $ - | $ - | $ - | ||||||||||
| Prepayable Interest | $ - | $ - | $ - | $ - | ||||||||||
| Servicing Fee | $ 1,486,842.00 | $ 1,486,842.00 | ||||||||||||
| Total Required Distribution | $ 5,723,050.00 | $ 799,371.36 | $ 2,622,224.97 | $ 9,144,646.33 | ||||||||||
| Total Required Distribution to Class A & Class B investors | $ 6,522,421.36 | |||||||||||||
| CASH DISBURSEMENTS | ||||||||||||||
| Servicer Payment to trustee for Series 2000-98-1 | $ 5,256,282.08 | |||||||||||||
| Servicer Payment to trustee for Series 2000-98-2 | $ 4,904,663.37 | |||||||||||||
| Servicer Payment to trustee for Series 2000-99-1 | $ 4,225,243.07 | |||||||||||||
| Servicer Payment to trustee for Series 2000-99-2 | $ 3,139,624.88 | |||||||||||||
| Servicer Payment to trustee for Series 2000-99-3 | $ 1,576,651.50 | |||||||||||||
| Servicer Payment to trustee for Series 2000-99-4 | $ 3,530,170.64 | |||||||||||||
| Servicer Payment to trustee for Series 2000-1 | $ 5,899,020.15 | |||||||||||||
| Servicer Payment to trustee for Series 2000-2 | $ 7,657,804.33 | |||||||||||||
| Total Servicer Payment to trustee for all Series' | $ 36,189,460.02 | |||||||||||||
| Trustee Payment to Series 2000-98-1 Class C | $ 840,611.28 | |||||||||||||
| Trustee Payment to Series 2000-98-2 Class C | $ 784,325.22 | |||||||||||||
| Trustee Payment to Series 2000-99-1 Class C | $ 671,740.41 | |||||||||||||
| Trustee Payment to Series 2000-99-2 Class C | $ 503,811.02 | |||||||||||||
| Trustee Payment to Series 2000-99-3 Class C | $ 251,904.24 | |||||||||||||
| Trustee Payment to Series 2000-99-4 Class C | $ 559,783.67 | |||||||||||||
| Trustee Payment to Series 2000-1 Class C | $ 872,332.47 | |||||||||||||
| Trustee Payment to Series 2000-2 Class C | $ 1,135,382.97 | |||||||||||||
| Total Trustee Payment to all Class C Investor's | $ 5,619,891.28 | |||||||||||||