Exhibit 20.1
CNH Equipment Trust 2002-A
$162,400,000 Class A-1 2.0825% Asset Backed Notes due April 15, 2003
$235,456,000 Class A-2 3.1300% Asset Backed Notes due September 15, 2004
$356,019,000 Class A-3 Floating-Rate Asset Backed Notes due July 17, 2006
$183,625,000 Class A-4 Floating-Rate Asset Backed Notes due August 15, 2008
$30,000,000 Class B Floating-Rate Asset Backed Notes due August 15, 2008
$32,500,000 Class C Floating-Rate Asset Backed Notes due March 15, 2010
Please contact Kim Zier at (262) 636-6644 with any questions regarding this report or email abs@cnh.com. For additional information consult http://investors.cnh.com.
|
| 502030 |
| 502031 |
| 502033 |
| 502051 |
| 5502030 |
| 5502031 |
| 5502033 |
| 5502051 |
|
Cutoff Date |
| 3/31/2004 |
| ||||||||||||||
Date Added |
| 2/28/2002 |
| 2/28/2002 |
| 2/28/2002 |
| 2/28/2002 |
| 2/28/2002 |
| 2/28/2002 |
| 2/28/2002 |
| 2/28/2002 |
|
Pool |
| Pool 1 |
| Pool 2 |
| Pool 3 |
| Pool 4 |
| Pool 5 |
| Pool 6 |
| Pool 7 |
| Pool 8 |
|
Scheduled Cashflows |
| 144,300.43 |
| 890,825.41 |
| 3,086.94 |
| 107,379.47 |
| 699,234.60 |
| 1,143,153.10 |
| 9,365.24 |
| 102,498.15 |
|
|
| 352,628.69 |
| 1,446,871.64 |
| 95,846.32 |
| 661,487.73 |
| 403,379.06 |
| 1,592,609.03 |
| 71,058.43 |
| 243,147.89 |
|
|
| 429,950.36 |
| 1,652,388.79 |
| 114,797.48 |
| 856,588.26 |
| 443,763.27 |
| 1,919,935.66 |
| 78,420.90 |
| 440,023.55 |
|
|
| 358,062.64 |
| 1,719,215.61 |
| 116,737.29 |
| 887,821.54 |
| 425,244.31 |
| 1,972,576.75 |
| 80,454.50 |
| 406,714.93 |
|
|
| 425,195.65 |
| 1,843,694.12 |
| 117,612.84 |
| 880,865.27 |
| 510,820.10 |
| 1,965,446.03 |
| 96,124.56 |
| 362,866.37 |
|
|
| 485,534.90 |
| 1,481,268.34 |
| 120,175.13 |
| 882,147.33 |
| 529,505.53 |
| 1,803,432.36 |
| 85,727.87 |
| 305,510.83 |
|
|
| 398,753.63 |
| 1,818,211.41 |
| 118,212.63 |
| 883,179.93 |
| 428,246.68 |
| 1,773,356.02 |
| 83,811.20 |
| 292,585.93 |
|
|
| 389,541.69 |
| 3,087,779.42 |
| 130,474.73 |
| 922,174.43 |
| 439,096.31 |
| 2,953,053.34 |
| 89,341.60 |
| 1,053,132.50 |
|
|
| 537,879.88 |
| 7,687,991.12 |
| 118,212.63 |
| 980,191.72 |
| 514,088.78 |
| 5,440,649.56 |
| 84,765.78 |
| 3,715,895.90 |
|
|
| 798,726.74 |
| 9,711,567.75 |
| 135,778.76 |
| 859,440.27 |
| 474,158.00 |
| 4,185,217.83 |
| 101,759.01 |
| 928,552.77 |
|
|
| 1,686,424.11 |
| 7,115,092.31 |
| 181,697.66 |
| 253,859.72 |
| 1,518,583.46 |
| 2,928,444.84 |
| 238,909.11 |
| 297,816.53 |
|
|
| 4,417,239.37 |
| 1,457,051.67 |
| 215,998.90 |
| 37,616.01 |
| 2,309,022.24 |
| 1,250,790.13 |
| 208,322.23 |
| 5,232.91 |
|
|
| 578,542.46 |
| 1,385,844.36 |
| 20,610.81 |
| 18,005.39 |
| 366,870.61 |
| 1,280,134.76 |
| 2,942.98 |
| 4,532.13 |
|
|
| 337,908.22 |
| 1,286,221.33 |
| 14,578.62 |
| 15,434.99 |
| 390,565.36 |
| 1,333,111.06 |
| 4,088.46 |
| 4,192.18 |
|
|
| 338,139.86 |
| 1,288,989.84 |
| 14,578.62 |
| 15,434.99 |
| 344,430.06 |
| 1,405,719.94 |
| 1,102.23 |
| 5,833.50 |
|
|
| 246,647.21 |
| 1,279,343.29 |
| 14,578.62 |
| 20,464.27 |
| 334,529.42 |
| 1,435,764.63 |
| 2,630.40 |
| 15,407.95 |
|
|
| 326,198.20 |
| 1,419,670.27 |
| 14,578.62 |
| 15,434.99 |
| 395,146.50 |
| 1,471,255.91 |
| 9,299.44 |
| 5,833.50 |
|
|
| 351,385.94 |
| 1,170,382.79 |
| 14,578.62 |
| 15,434.99 |
| 425,238.75 |
| 1,310,112.27 |
| 2,630.40 |
| 5,833.50 |
|
|
| 269,286.42 |
| 1,316,468.45 |
| 14,578.62 |
| 15,434.99 |
| 347,041.60 |
| 1,316,842.15 |
| 2,630.40 |
| 5,833.50 |
|
|
| 282,168.67 |
| 2,285,048.21 |
| 24,597.37 |
| 15,434.99 |
| 355,306.30 |
| 2,187,634.94 |
| 5,116.13 |
| 5,833.50 |
|
|
| 400,104.97 |
| 5,779,632.08 |
| 14,578.62 |
| 36,576.18 |
| 447,783.91 |
| 4,606,199.09 |
| 2,630.40 |
| 11,415.97 |
|
|
| 621,052.23 |
| 7,291,090.88 |
| 14,837.91 |
| 33,062.59 |
| 370,986.66 |
| 3,247,209.28 |
| 11,124.73 |
| 127,236.75 |
|
|
| 1,365,491.58 |
| 5,111,055.54 |
| 20,116.16 |
| 6,649.83 |
| 1,237,846.21 |
| 2,145,480.77 |
| 35,644.57 |
| 45,398.04 |
|
|
| 3,013,657.05 |
| 931,290.21 |
| 28,833.78 |
| 6,649.83 |
| 1,863,573.15 |
| 840,362.46 |
| 10,558.73 |
| 1,416.57 |
|
|
| 361,455.81 |
| 874,184.65 |
| 10,727.17 |
| 6,649.83 |
| 257,526.30 |
| 857,208.51 |
| 1,102.23 |
| 1,416.57 |
|
|
| 230,521.32 |
| 800,028.50 |
| 10,727.17 |
| 6,649.83 |
| 260,980.31 |
| 888,746.99 |
| 3,587.96 |
| 1,270.65 |
|
|
| 215,393.90 |
| 771,928.01 |
| 10,727.17 |
| 6,649.83 |
| 235,907.89 |
| 951,443.77 |
| 1,102.23 |
| 2,807.99 |
|
|
| 140,994.86 |
| 716,864.33 |
| 10,727.17 |
| 11,679.11 |
| 225,312.74 |
| 965,049.43 |
| 2,630.40 |
| 12,382.44 |
|
|
| 214,151.77 |
| 837,703.74 |
| 10,727.17 |
| 6,649.83 |
| 264,759.11 |
| 1,005,406.26 |
| 9,299.44 |
| 2,807.99 |
|
|
| 216,334.15 |
| 649,194.91 |
| 10,727.17 |
| 6,649.83 |
| 290,813.43 |
| 847,034.72 |
| 2,630.40 |
| 2,807.99 |
|
|
| 165,201.00 |
| 732,070.56 |
| 10,727.17 |
| 6,649.83 |
| 233,304.74 |
| 851,694.51 |
| 2,630.40 |
| 2,807.99 |
|
|
| 171,170.15 |
| 1,585,187.24 |
| 10,597.76 |
| 6,649.53 |
| 234,325.68 |
| 1,593,223.32 |
| 5,116.13 |
| 2,807.98 |
|
|
| 388,625.63 |
| 4,560,032.83 |
| 10,208.28 |
| 26,717.35 |
| 279,765.80 |
| 3,470,851.78 |
| 2,630.30 |
| 8,390.27 |
|
|
| 395,306.72 |
| 5,458,029.94 |
| 10,208.28 |
| 61,219.88 |
| 239,928.88 |
| 2,086,344.79 |
| 11,124.73 |
| 126,986.56 |
|
|
| 1,022,929.23 |
| 3,352,417.73 |
| 10,208.28 |
| 4,829.12 |
| 937,235.44 |
| 1,103,812.65 |
| 35,644.01 |
| 43,981.47 |
|
|
| 2,229,516.03 |
| 201,299.20 |
| 50,809.64 |
| 0.00 |
| 1,352,914.85 |
| 89,088.16 |
| 9,456.50 |
| 0.00 |
|
|
| 149,615.74 |
| 100,950.61 |
| 944.75 |
| 0.00 |
| 66,722.44 |
| 78,089.21 |
| 0.00 |
| 0.00 |
|
|
| 7,608.08 |
| 18,288.80 |
| 944.75 |
| 0.00 |
| 22,135.18 |
| 72,368.23 |
| 0.00 |
| 0.00 |
|
|
| 1,078.22 |
| 19,010.61 |
| 0.00 |
| 0.00 |
| 17,421.62 |
| 51,488.81 |
| 0.00 |
| 0.00 |
|
|
| 1,078.22 |
| 10,605.87 |
| 0.00 |
| 0.00 |
| 16,686.75 |
| 75,989.42 |
| 0.00 |
| 0.00 |
|
|
| 18,895.16 |
| 13,809.24 |
| 0.00 |
| 0.00 |
| 16,686.75 |
| 61,504.60 |
| 0.00 |
| 0.00 |
|
|
| 18,045.40 |
| 4,095.80 |
| 0.00 |
| 0.00 |
| 18,358.80 |
| 57,494.17 |
| 0.00 |
| 0.00 |
|
|
| 1,078.22 |
| 4,095.80 |
| 0.00 |
| 0.00 |
| 16,686.75 |
| 56,712.70 |
| 0.00 |
| 0.00 |
|
|
| 6,703.87 |
| 43,255.42 |
| 0.00 |
| 0.00 |
| 16,686.75 |
| 105,120.24 |
| 0.00 |
| 0.00 |
|
|
| 1,078.22 |
| 149,904.73 |
| 0.00 |
| 0.00 |
| 35,417.19 |
| 389,678.53 |
| 0.00 |
| 0.00 |
|
|
| 48,429.16 |
| 180,654.97 |
| 0.00 |
| 0.00 |
| 16,407.01 |
| 137,667.74 |
| 0.00 |
| 0.00 |
|
|
| 35,848.90 |
| 115,691.03 |
| 0.00 |
| 0.00 |
| 55,571.72 |
| 81,274.05 |
| 0.00 |
| 0.00 |
|
|
| 46,558.88 |
| 0.00 |
| 0.00 |
| 0.00 |
| 81,928.27 |
| 1,615.73 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 346.08 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 584.75 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 5,996.04 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Amount of Scheduled Cashflow |
| 24,642,439.54 |
| 91,662,295.40 |
| 1,848,689.61 |
| 8,577,763.68 |
| 20,768,876.10 |
| 67,387,400.23 |
| 1,405,414.03 |
| 8,601,213.25 |
|
Discount Rate |
| 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % |
Beginning Contract Value |
| 23,761,812.38 |
| 86,708,335.47 |
| 1,895,063.65 |
| 9,214,996.76 |
| 19,905,150.27 |
| 64,840,979.60 |
| 1,444,373.54 |
| 8,564,136.83 |
|
Scheduled Contract Value Decline |
| 1,055,982.30 |
| 2,283,154.70 |
| 113,270.28 |
| 795,195.39 |
| 1,367,534.38 |
| 2,605,931.14 |
| 93,715.32 |
| 361,510.26 |
|
Unscheduled Contract Value Decline |
| 417,673.48 |
| 904,093.18 |
| 33,397.20 |
| 124,066.94 |
| (332,014.80 | ) | 573,683.51 |
| 16,601.11 |
| (33,566.39 | ) |
Additional Contract Value Added |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
| 22,288,156.60 |
| 83,521,087.59 |
| 1,748,396.17 |
| 8,295,734.44 |
| 18,869,630.69 |
| 61,661,364.96 |
| 1,334,057.11 |
| 8,236,192.95 |
|
|
| 502034 |
| 502035 |
| 5502034 |
| 5502035 |
| 502036 |
| 502037 |
| 502038 |
| 5502036 |
| 5502037 |
|
Cutoff Date |
| 3/31/2004 |
| ||||||||||||||||
Date Added |
| 3/31/2002 |
| 3/31/2002 |
| 3/31/2002 |
| 3/31/2002 |
| 4/30/2002 |
| 4/30/2002 |
| 4/30/2002 |
| 4/30/2002 |
| 4/30/2002 |
|
Pool |
| Pool 9 |
| Pool 10 |
| Pool 11 |
| Pool 12 |
| Pool 13 |
| Pool 14 |
| Pool 15 |
| Pool 16 |
| Pool 17 |
|
Scheduled Cashflows |
| 676,443.40 |
| 32,554.52 |
| 471,559.05 |
| 34,516.42 |
| 1,199,894.18 |
| 128,673.39 |
| 130,264.29 |
| 960,803.56 |
| 94,548.33 |
|
|
| 529,029.13 |
| 120,141.26 |
| 469,370.34 |
| 138,473.93 |
| 4,301,738.86 |
| 332,662.09 |
| 7,645.84 |
| 2,272,509.70 |
| 336,161.64 |
|
|
| 453,063.03 |
| 153,599.95 |
| 573,028.85 |
| 168,691.80 |
| 678,596.81 |
| 228,453.80 |
| 21,892.36 |
| 714,160.24 |
| 236,206.55 |
|
|
| 487,612.46 |
| 145,307.40 |
| 595,115.70 |
| 171,162.41 |
| 681,809.93 |
| 232,889.48 |
| 31,269.13 |
| 746,810.56 |
| 240,199.98 |
|
|
| 422,726.46 |
| 147,432.89 |
| 583,695.30 |
| 170,151.03 |
| 659,200.89 |
| 236,788.64 |
| 24,003.35 |
| 736,917.56 |
| 238,961.74 |
|
|
| 523,644.00 |
| 147,432.89 |
| 629,564.85 |
| 179,280.65 |
| 754,217.52 |
| 232,949.80 |
| 0.00 |
| 710,982.89 |
| 244,889.21 |
|
|
| 727,010.06 |
| 147,432.89 |
| 786,137.07 |
| 199,265.56 |
| 866,458.05 |
| 243,148.38 |
| 0.00 |
| 895,191.93 |
| 254,208.46 |
|
|
| 466,341.99 |
| 156,127.96 |
| 585,620.41 |
| 172,273.16 |
| 831,418.05 |
| 237,191.11 |
| 71,035.22 |
| 855,142.26 |
| 240,840.55 |
|
|
| 463,932.04 |
| 149,279.18 |
| 617,436.08 |
| 179,947.63 |
| 771,977.96 |
| 233,345.26 |
| 0.00 |
| 783,555.83 |
| 242,130.01 |
|
|
| 751,136.04 |
| 160,546.33 |
| 703,389.39 |
| 178,576.60 |
| 1,024,107.83 |
| 250,488.35 |
| 8,677.46 |
| 864,638.80 |
| 237,200.55 |
|
|
| 643,814.79 |
| 147,868.64 |
| 594,041.71 |
| 183,278.00 |
| 784,822.08 |
| 240,968.23 |
| 0.00 |
| 769,216.82 |
| 233,565.78 |
|
|
| 2,400,096.59 |
| 215,020.96 |
| 2,096,642.23 |
| 371,194.57 |
| 814,668.79 |
| 251,508.42 |
| 0.00 |
| 712,479.25 |
| 237,502.05 |
|
|
| 5,075,969.87 |
| 218,824.04 |
| 2,207,807.87 |
| 253,147.42 |
| 4,187,416.02 |
| 480,645.28 |
| 0.00 |
| 2,611,586.00 |
| 460,238.57 |
|
|
| 582,081.44 |
| 34,504.60 |
| 475,319.22 |
| 7,728.47 |
| 6,186,900.02 |
| 322,900.77 |
| 0.00 |
| 2,556,799.63 |
| 236,701.85 |
|
|
| 365,170.96 |
| 17,929.58 |
| 493,955.62 |
| 2,050.00 |
| 559,566.18 |
| 23,762.07 |
| 0.00 |
| 605,838.32 |
| 6,240.87 |
|
|
| 362,665.23 |
| 17,929.58 |
| 501,593.47 |
| 1,262.44 |
| 552,520.34 |
| 15,834.73 |
| 0.00 |
| 620,592.94 |
| 5,328.37 |
|
|
| 321,756.34 |
| 19,368.69 |
| 483,786.53 |
| 1,262.44 |
| 511,849.29 |
| 15,692.73 |
| 0.00 |
| 607,891.91 |
| 5,328.37 |
|
|
| 401,843.05 |
| 19,368.69 |
| 526,116.30 |
| 6,789.69 |
| 508,991.72 |
| 12,407.22 |
| 0.00 |
| 592,599.12 |
| 5,328.37 |
|
|
| 578,121.88 |
| 19,368.69 |
| 670,674.32 |
| 1,262.44 |
| 691,231.31 |
| 12,407.22 |
| 0.00 |
| 730,305.39 |
| 10,226.64 |
|
|
| 364,629.05 |
| 27,730.79 |
| 494,180.31 |
| 1,262.44 |
| 639,002.74 |
| 14,996.58 |
| 0.00 |
| 862,573.28 |
| 5,328.37 |
|
|
| 351,452.91 |
| 19,368.69 |
| 514,396.56 |
| 1,262.44 |
| 622,948.27 |
| 12,407.22 |
| 0.00 |
| 648,210.84 |
| 5,328.37 |
|
|
| 628,394.63 |
| 30,635.84 |
| 565,445.40 |
| 1,262.44 |
| 736,364.47 |
| 20,429.72 |
| 0.00 |
| 732,700.77 |
| 5,328.37 |
|
|
| 479,248.34 |
| 17,929.58 |
| 505,654.54 |
| 1,262.44 |
| 623,926.74 |
| 14,996.58 |
| 0.00 |
| 626,653.17 |
| 5,328.37 |
|
|
| 1,696,576.91 |
| 17,929.58 |
| 1,722,701.61 |
| 12,399.39 |
| 640,061.14 |
| 32,407.22 |
| 0.00 |
| 586,707.58 |
| 5,328.37 |
|
|
| 3,845,942.53 |
| 58,653.44 |
| 1,671,465.68 |
| 28,912.77 |
| 3,040,006.72 |
| 32,638.81 |
| 0.00 |
| 2,208,698.62 |
| 74,765.63 |
|
|
| 402,832.96 |
| 16,931.48 |
| 367,707.01 |
| 165.03 |
| 4,339,088.51 |
| 52,171.67 |
| 0.00 |
| 2,033,778.70 |
| 37,984.50 |
|
|
| 219,758.67 |
| 16,931.48 |
| 378,116.78 |
| 165.03 |
| 341,505.05 |
| 8,645.81 |
| 0.00 |
| 443,177.97 |
| 1,570.38 |
|
|
| 193,130.92 |
| 16,931.48 |
| 385,249.03 |
| 165.03 |
| 363,244.27 |
| 8,645.81 |
| 0.00 |
| 457,987.97 |
| 1,570.38 |
|
|
| 175,813.60 |
| 18,370.59 |
| 366,003.29 |
| 165.03 |
| 284,677.24 |
| 8,645.81 |
| 0.00 |
| 442,292.18 |
| 1,570.38 |
|
|
| 256,660.13 |
| 18,370.59 |
| 400,496.96 |
| 5,692.28 |
| 300,171.65 |
| 8,645.81 |
| 0.00 |
| 429,315.59 |
| 1,570.38 |
|
|
| 366,819.44 |
| 18,370.59 |
| 520,690.34 |
| 165.03 |
| 450,427.88 |
| 8,645.81 |
| 0.00 |
| 549,970.25 |
| 6,468.65 |
|
|
| 208,288.42 |
| 26,732.69 |
| 361,324.49 |
| 165.03 |
| 379,901.18 |
| 8,645.81 |
| 0.00 |
| 519,704.55 |
| 1,570.38 |
|
|
| 163,475.33 |
| 18,370.59 |
| 375,643.31 |
| 165.03 |
| 415,519.84 |
| 8,645.81 |
| 0.00 |
| 469,926.45 |
| 31,739.91 |
|
|
| 398,001.37 |
| 29,637.86 |
| 436,364.78 |
| 165.03 |
| 435,204.19 |
| 8,645.81 |
| 0.00 |
| 543,780.66 |
| 1,570.38 |
|
|
| 301,268.84 |
| 16,229.78 |
| 365,373.18 |
| 165.03 |
| 392,870.62 |
| 8,645.81 |
| 0.00 |
| 455,012.90 |
| 1,570.38 |
|
|
| 1,319,079.96 |
| 15,885.22 |
| 1,447,940.53 |
| 11,302.28 |
| 393,635.53 |
| 28,645.81 |
| 0.00 |
| 405,799.59 |
| 1,570.38 |
|
|
| 2,875,346.36 |
| 50,585.31 |
| 1,196,056.43 |
| 14,120.00 |
| 2,364,605.80 |
| 19,205.45 |
| 0.00 |
| 1,642,437.60 |
| 43,216.78 |
|
|
| 171,366.10 |
| 1,306.27 |
| 42,714.49 |
| 0.00 |
| 3,083,309.97 |
| 33,537.56 |
| 0.00 |
| 1,326,141.36 |
| 26,907.87 |
|
|
| 17,106.74 |
| 1,306.07 |
| 31,916.21 |
| 0.00 |
| 142,812.02 |
| 1,409.99 |
| 0.00 |
| 46,111.42 |
| 0.00 |
|
|
| 20,765.22 |
| 0.00 |
| 40,943.57 |
| 0.00 |
| 80,375.03 |
| 1,409.99 |
| 0.00 |
| 51,531.14 |
| 0.00 |
|
|
| 7,564.37 |
| 0.00 |
| 33,078.67 |
| 0.00 |
| 1,184.91 |
| 1,409.99 |
| 0.00 |
| 41,093.06 |
| 0.00 |
|
|
| 2,973.45 |
| 0.00 |
| 29,754.95 |
| 0.00 |
| 0.00 |
| 1,409.99 |
| 0.00 |
| 41,093.06 |
| 0.00 |
|
|
| 21,738.78 |
| 0.00 |
| 73,171.66 |
| 0.00 |
| 104,711.54 |
| 1,409.99 |
| 0.00 |
| 44,118.20 |
| 0.00 |
|
|
| 21,859.86 |
| 0.00 |
| 29,397.40 |
| 0.00 |
| 0.00 |
| 1,409.99 |
| 0.00 |
| 46,606.44 |
| 0.00 |
|
|
| 2,973.45 |
| 0.00 |
| 29,247.91 |
| 0.00 |
| 73,818.75 |
| 1,409.99 |
| 0.00 |
| 41,067.63 |
| 0.00 |
|
|
| 23,512.43 |
| 0.00 |
| 38,049.79 |
| 0.00 |
| 12,810.20 |
| 1,409.99 |
| 0.00 |
| 226,648.66 |
| 0.00 |
|
|
| 2,973.45 |
| 0.00 |
| 28,931.85 |
| 0.00 |
| 0.00 |
| 1,409.99 |
| 0.00 |
| 39,711.66 |
| 0.00 |
|
|
| 17,341.14 |
| 0.00 |
| 87,330.92 |
| 0.00 |
| 0.00 |
| 1,409.99 |
| 0.00 |
| 39,149.13 |
| 0.00 |
|
|
| 60,338.65 |
| 0.00 |
| 89,123.06 |
| 0.00 |
| 40,293.46 |
| 1,409.99 |
| 0.00 |
| 153,702.72 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 554.41 |
| 0.00 |
| 43,844.95 |
| 1,410.21 |
| 0.00 |
| 121,756.47 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 267.96 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 2,014.72 |
| 0.00 |
| 0.00 |
| 646.13 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Amount of Scheduled Cashflow |
| 30,849,692.77 |
| 2,508,246.66 |
| 26,693,879.43 |
| 2,499,276.41 |
| 46,915,723.22 |
| 4,088,885.98 |
| 294,787.65 |
| 35,626,396.42 |
| 3,826,096.12 |
|
Discount Rate |
| 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % |
Beginning Contract Value |
| 33,577,843.37 |
| 2,693,350.94 |
| 27,337,559.12 |
| 2,858,674.07 |
| 48,617,308.22 |
| 4,618,272.60 |
| 395,866.89 |
| 35,589,674.72 |
| 4,132,888.96 |
|
Scheduled Contract Value Decline |
| 5,377,223.50 |
| 317,012.70 |
| 3,072,808.33 |
| 428,973.37 |
| 4,338,274.35 |
| 652,212.81 |
| 180,078.14 |
| 3,055,640.19 |
| 496,508.56 |
|
Unscheduled Contract Value Decline |
| 353,118.62 |
| 14,040.33 |
| 142,538.56 |
| 36,289.40 |
| 1,652,201.57 |
| 78,158.55 |
| (74,495.24 | ) | 237,233.99 |
| (14,270.26 | ) |
Additional Contract Value Added |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
| 27,847,501.25 |
| 2,362,297.91 |
| 24,122,212.23 |
| 2,393,411.30 |
| 42,626,832.30 |
| 3,887,901.23 |
| 290,283.99 |
| 32,296,800.55 |
| 3,650,650.66 |
|
1
CNH Equipment Trust 2002-A
$162,400,000 Class A-1 2.0825% Asset Backed Notes due April 15, 2003
$235,456,000 Class A-2 3.1300% Asset Backed Notes due September 15, 2004
$356,019,000 Class A-3 Floating-Rate Asset Backed Notes due July 17, 2006
$183,625,000 Class A-4 Floating-Rate Asset Backed Notes due August 15, 2008
$30,000,000 Class B Floating-Rate Asset Backed Notes due August 15, 2008
$32,500,000 Class C Floating-Rate Asset Backed Notes due March 15, 2010
Settlement Date |
|
|
|
|
|
|
| |
Scheduled Payment Date |
| 4/15/2002 |
| 4/15/2004 |
|
|
| |
Actual Payment Date |
| 4/15/2002 |
| 4/15/2004 |
|
|
| |
Collection Period Begin Date |
|
|
| 3/1/2004 |
|
|
| |
Collection Period End Date |
|
|
| 3/31/2004 |
|
|
| |
Days in accrual period (30/360) |
|
|
| 30 |
|
|
| |
Days in accrual period (act/360) |
|
|
| 31 |
|
|
| |
1 month LIBOR Rate |
|
|
| 1.0900 | % |
|
| |
|
|
|
|
|
|
|
| |
Collateral Summary |
|
|
|
|
|
|
| |
Wtd. Average Discount Rate |
|
|
| 6.750 | % |
|
| |
Beginning Contract Value |
|
|
| 376,156,287.38 |
|
|
| |
Scheduled Contract Value Decline |
|
|
| 26,595,025.71 |
|
|
| |
Unscheduled Contract Value Decline |
|
|
| 4,128,749.75 |
|
|
| |
Additional Contract Value Purchased |
|
|
| 0.00 |
|
|
| |
Ending Contract Value |
|
|
| 345,432,511.93 |
|
|
| |
|
|
|
|
|
|
|
| |
Beginning Pre-funding Account Balance |
|
|
| 0.00 |
|
|
| |
Ending Pre-funding Account Balance |
|
|
| 0.00 |
|
|
| |
|
|
|
|
|
|
|
| |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) |
|
|
| 376,156,287.38 |
|
|
| |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) |
|
|
| 345,432,511.93 |
|
|
| |
Total Original Contract Value (including Additional Contracts) |
|
|
| 999,794,417.00 |
|
|
| |
|
|
|
|
|
|
|
| |
Collateral Performance |
|
|
|
|
|
|
| |
Scheduled Amounts 30 - 59 days past due |
|
|
| $ | 637,720.90 |
| 0.18 | % |
Scheduled Amounts 60 days or more past due |
|
|
| $ | 1,650,810.39 |
| 0.48 | % |
Net Losses on Liquidated Receivables |
|
|
| $ | 271,377.68 |
| 0.08 | % |
Cumulative Net Losses |
|
|
| $ | 3,485,353.15 |
|
|
|
Number of Loans at Beginning of Period |
|
|
| 25,973 |
|
|
| |
Number of Loans at End of Period |
|
|
| 25,134 |
|
|
| |
Repossessed Equipment not Sold or Reassigned (Beginning) |
|
|
| $ | 578,873.70 |
|
|
|
Repossessed Equipment not Sold or Reassigned (End) |
|
|
| $ | 825,038.07 |
|
|
|
|
|
|
|
|
|
|
| |
Collections and Reinvestment Income |
|
|
|
|
|
|
| |
Receipts During the period |
|
|
| $ | 32,641,770.50 |
|
|
|
|
|
|
|
|
|
|
| |
Warranty Repurchases |
|
|
|
|
|
|
| |
Contracts deferred beyond Final Scheduled Maturity Date |
|
|
| $ | 0.00 |
|
|
|
Government obligors |
|
|
| $ | 0.00 |
|
|
|
Total Warranty Repurchases |
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
| |
Total Collections For The Period |
|
|
| $ | 32,641,770.50 |
|
|
|
|
|
|
|
|
|
|
| |
Reinvestment Income (excluding Pre-funding Account) |
|
|
| $ | 44,017.14 |
|
|
|
Reinvestment Income on Pre-funding Account) |
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
| |
Net Swap Receipts |
|
|
| 0.00 |
|
|
| |
Net Swap Termination Payments due Trust from the Swap CounterParty |
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
| |
Total Collections + Reinvestment Income For The Period - Swap Receipt |
|
|
| $ | 32,685,787.64 |
|
|
|
|
|
|
|
|
|
|
| |
Swap Termination Payments due to Swap CounterParty |
|
|
| $ | 0.00 |
|
|
|
Prior Swap Termination Payment Shortfall |
|
|
| $ | 0.00 |
|
|
|
Total Swap Termination Payment due to Swap CounterParty |
|
|
| $ | 0.00 |
|
|
|
2
CNH Equipment Trust 2002-A
$162,400,000 Class A-1 2.0825% Asset Backed Notes due April 15, 2003
$235,456,000 Class A-2 3.1300% Asset Backed Notes due September 15, 2004
$356,019,000 Class A-3 Floating-Rate Asset Backed Notes due July 17, 2006
$183,625,000 Class A-4 Floating-Rate Asset Backed Notes due August 15, 2008
$30,000,000 Class B Floating-Rate Asset Backed Notes due August 15, 2008
$32,500,000 Class C Floating-Rate Asset Backed Notes due March 15, 2010
Actual Payment Date |
|
|
|
|
|
|
| 4/15/2004 |
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Calculation of Distributable Amounts |
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Current Servicing Fee Due |
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| 1.000 | % | $ | 313,463.57 |
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| |
Past Due Servicing Fee |
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|
|
| $ | 1,066,140.71 |
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| |
Total Servicing Fee Due |
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| $ | 1,379,604.28 |
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| |
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Current Administration Fee Due |
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| $ | 500.00 |
| $ | 166.67 |
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Past Due Administration Fee |
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| $ | 0.00 |
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| |
Total Administration Fee Due |
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| $ | 166.67 |
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| |
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Total Principal Balance of Notes and Certificates (Beginning of Period) |
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| $ | 771,448,511.87 |
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| |
A-1 notes Beginning Principal balance |
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| $ | 0.00 |
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| |
A-2 notes Beginning Principal balance |
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| $ | 0.00 |
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| |
A-3 notes Beginning Principal balance |
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|
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|
| $ | 132,782,129.96 |
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A-4 notes Beginning Principal balance |
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| $ | 183,625,000.00 |
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B notes Beginning Principal balance |
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| $ | 439,456,687.58 |
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| |
C notes Beginning Principal balance |
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| $ | 15,584,694.33 |
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| |
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A-1 notes Current Interest Due |
| 2.0825 | % | act/360 |
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| $ | 0.00 |
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| |
A-2 notes Current Interest Due |
| 3.1300 | % | 30/360 |
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| $ | 0.00 |
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| |
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Class A-3 Current Interest Due |
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1 Month LIBOR Rate |
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| 1.09000 | % |
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Spread for Note |
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| 0.25000 | % |
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Floating Rate Yield |
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| 1.34000 | % | ACT/360 |
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Class A-3 Current Interest Due |
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| $ | 153,215.82 |
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| |
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Class A-3 Swap float Rate receipt due |
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| $ | 124,630.78 |
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Class A-3 Swap fixed Rate payment due |
| 4.2130 | % | 30/360 |
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| $ | 466,175.93 |
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| |
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Class A-3 Net Swap receipt |
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| 0.00 |
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Class A-3 Past due Net Swap payment |
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| 0.00 |
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Interest on Class A-3 Past due Net Swap payment |
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| 0.00 |
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Class A-3 Net Swap payment |
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| 341,545.15 |
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Class A-4 Current Interest Due |
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1 Month LIBOR Rate |
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| 1.09000 | % |
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Spread for Note |
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| 0.30000 | % |
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Floating Rate Yield |
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| 1.39000 | % | ACT/360 |
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Class A-4 Current Interest Due |
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| $ | 219,788.92 |
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| |
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Class A-4 Swap float Rate receipt due |
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| $ | 172,352.47 |
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Class A-4 Swap fixed Rate payment due |
| 4.9950 | % | 30/360 |
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| $ | 764,339.06 |
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| |
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Class A-4 Net Swap receipt |
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| 0.00 |
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Class A-4 Past due Net Swap payment |
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| 0.00 |
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Interest on Class A-4 Past due Net Swap payment |
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| 0.00 |
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Class A-4 Net Swap payment |
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| 591,986.59 |
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Class B Current Interest Due |
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1 Month LIBOR Rate |
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| 1.09000 | % |
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Spread for Note |
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| 0.97000 | % |
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Floating Rate Yield |
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| 2.06000 | % | ACT/360 |
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Class B Current Interest Due |
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| $ | 779,547.34 |
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Class B Swap float Rate receipt due |
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| $ | 412,478.93 |
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Class B Swap fixed Rate payment due |
| 4.3230 | % | 30/360 |
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| $ | 1,583,142.72 |
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Class B Net Swap receipt |
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| 0.00 |
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Class B Past due Net Swap payment |
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| 0.00 |
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Interest on Class B Past due Net Swap payment |
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| 0.00 |
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Class B Net Swap payment |
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| 1,170,663.79 |
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Class C Current Interest Due |
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1 Month LIBOR Rate |
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| 1.09000 | % |
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Spread for Note |
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| 1.90000 | % |
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Floating Rate Yield |
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| 2.99000 | % | ACT/360 |
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Class C Current Interest Due |
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| $ | 40,126.26 |
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Class C Swap float Rate receipt due |
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| $ | 14,627.97 |
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Class C Swap fixed Rate payment due |
| 4.4675 | % | 30/360 |
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| $ | 58,020.52 |
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Class C Net Swap receipt |
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| 0.00 |
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Class C Past due Net Swap payment |
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| 0.00 |
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Interest on Class C Past due Net Swap payment |
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| 0.00 |
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Class C Net Swap payment |
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| 43,392.55 |
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Net Swap Payments Due |
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| 2,147,588.08 |
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A-1 notes Past Due Interest |
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| $ | 0.00 |
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A-2 notes Past Due Interest |
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| $ | 0.00 |
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A-3 notes Past Due Interest |
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| $ | 0.00 |
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A-4 notes Past Due Interest |
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| $ | 0.00 |
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B notes Past Due Interest |
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| $ | 0.00 |
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C notes Past Due Interest |
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| $ | 0.00 |
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A-1 notes Interest Due on Past Due Interest |
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| $ | 0.00 |
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A-2 notes Interest Due on Past Due Interest |
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| $ | 0.00 |
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A-3 notes Interest Due on Past Due Interest |
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| $ | 0.00 |
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A-4 notes Interest Due on Past Due Interest |
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| $ | 0.00 |
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B notes Interest Due on Past Due Interest |
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| $ | 0.00 |
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C notes Interest Due on Past Due Interest |
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| $ | 0.00 |
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A-1 notes Total Interest Due |
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| $ | 0.00 |
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A-2 notes Total Interest Due |
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| $ | 0.00 |
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A-3 notes Total Interest Due |
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| $ | 153,215.82 |
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A-4 notes Total Interest Due |
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| $ | 219,788.92 |
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| |
B notes Total Interest Due |
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| $ | 779,547.34 |
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C notes Total Interest Due |
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| $ | 40,126.26 |
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Class A Noteholders’ Monthly Principal Distributable Amount |
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| $ | 316,407,129.96 |
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Class B Noteholders’ Monthly Principal Distributable Amount |
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| $ | 109,608,869.98 |
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Class C Noteholders’ Monthly Principal Distributable Amount |
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| $ | 0.00 |
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Reallocated Class C Principal Amount |
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| $ | 0.00 |
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A-1 notes Principal Due |
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| $ | 0.00 |
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A-2 notes Principal Due |
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| $ | 0.00 |
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| |
A-3 notes Principal Due |
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|
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|
| $ | 132,782,129.96 |
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| |
A-4 notes Principal Due |
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| $ | 183,625,000.00 |
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| |
Class B notes Principal Due |
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| $ | 109,608,869.98 |
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Class C notes Principal Due |
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| $ | 0.00 |
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Total notes Interest Due |
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| $ | 1,192,678.34 |
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Total notes Principal Due |
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| $ | 426,015,999.94 |
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Net Swap/Termination Payment Due |
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| $ | 2,147,588.08 |
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Total notes Distributable Amount |
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| $ | 429,356,266.36 |
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| |
3
CNH Equipment Trust 2002-A
$162,400,000 Class A-1 2.0825% Asset Backed Notes due April 15, 2003
$235,456,000 Class A-2 3.1300% Asset Backed Notes due September 15, 2004
$356,019,000 Class A-3 Floating-Rate Asset Backed Notes due July 17, 2006
$183,625,000 Class A-4 Floating-Rate Asset Backed Notes due August 15, 2008
$30,000,000 Class B Floating-Rate Asset Backed Notes due August 15, 2008
$32,500,000 Class C Floating-Rate Asset Backed Notes due March 15, 2010
Actual Payment Date |
| 4/15/2004 |
|
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| ||
|
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| ||
Cash Available for Distribution |
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Total Collections + Reinvestment Income For The Period |
| $ | 32,685,787.64 |
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| |
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Beginning Negitive Carry Account |
| $ | 0.00 |
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| |
Deposits from Negitive Carry Account to Distribution Account |
| $ | 0.00 |
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| |
|
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| ||
Beginning Spread Account Balance |
| $ | 0.00 |
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| |
Additional Deposit to Spread Account from Pre-funding |
| $ | 0.00 |
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| |
Deposits from Spread Account to Distribution Account |
| $ | 0.00 |
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| |
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Beginning Principal Supplement Account |
| $ | 0.00 |
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| |
Deposits from Principal Supplement Account to Distribution Account |
| $ | 0.00 |
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| |
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Beginning Prefunding Account |
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Deposits from Prefunding Account |
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| ||
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Total Cash Available |
| $ | 32,685,787.64 |
|
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| |
|
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| ||
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| Available |
| ||
Cash Allocation (Cashflow Waterfall) |
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| ||
Is CNH the servicier |
| Yes |
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|
| ||
Servicing Fee Paid (If CNH is not the servicer) |
| $ | 0.00 |
|
|
| |
Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 32,685,787.64 |
| |
Administration Fee Paid |
| $ | 166.67 |
|
|
| |
Administration Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 32,685,620.97 |
| |
Net Swap Payment Paid |
| $ | 2,147,588.08 |
|
|
| |
Net Swap Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Remaining Cash Available to Pay Class A Interest & Swap Termination Payment |
|
|
| $ | 30,538,032.89 |
| |
|
|
|
|
|
| ||
Cash Available to Pay Class A Interest |
| $ | 30,538,032.89 |
|
|
| |
Cash Available to Pay Class A Termination Payment |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class A-1 notes Interest Paid |
| $ | 0.00 |
|
|
| |
Class A-2 notes Interest Paid |
| $ | 0.00 |
|
|
| |
Class A-3 notes Interest Paid |
| $ | 153,215.82 |
|
|
| |
Class A-4 notes Interest Paid |
| $ | 219,788.92 |
|
|
| |
|
|
|
|
|
| ||
Class A-1 notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
Class A-2 notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
Class A-3 notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
Class A-4 notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Cash Available to Pay Class A Termination Payment |
| $ | 30,165,028.15 |
|
|
| |
|
|
|
|
|
| ||
Class A Swap Termination Payments due to Swap CounterParty |
| $ | 0.00 |
|
|
| |
Prior Class A Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
Total Class A Swap Termination Payment due to Swap CounterParty |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class A Swap Termination Payment Paid |
| $ | 0.00 |
|
|
| |
Class A Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Remaining Cash Available to Pay Class B Interest & Swap Termination Payment |
|
|
| $ | 30,165,028.15 |
| |
|
|
|
|
|
| ||
Cash Available to Pay Class B Interest |
| $ | 30,165,028.15 |
|
|
| |
Cash Available to Pay Class B Termination Payment |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class B notes Interest Paid |
| $ | 779,547.34 |
|
|
| |
Class B notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Cash Available to Pay Class B Termination Payment |
| $ | 29,385,480.81 |
|
|
| |
|
|
|
|
|
| ||
Class B Swap Termination Payments due to Swap CounterParty |
| $ | 0.00 |
|
|
| |
Prior Class B Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
Total Class B Swap Termination Payment due to Swap CounterParty |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class B Swap Termination Payment Paid |
| $ | 0.00 |
|
|
| |
Class B Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Remaining Cash Available to Pay Class C Interest & Swap Termination Payment |
|
|
| $ | 29,385,480.81 |
| |
|
|
|
|
|
| ||
Cash Available to Pay Class C Interest |
| $ | 29,385,480.81 |
|
|
| |
Cash Available to Pay Class C Termination Payment |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class C notes Interest Paid |
| $ | 40,126.26 |
|
|
| |
Class C notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Cash Available to Pay Class C Termination Payment |
| $ | 29,345,354.55 |
|
|
| |
|
|
|
|
|
| ||
Class C Swap Termination Payments due to Swap CounterParty |
| $ | 0.00 |
|
|
| |
Prior Class C Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
Total Class C Swap Termination Payment due to Swap CounterParty |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class C Swap Termination Payment Paid |
| $ | 0.00 |
|
|
| |
Class C Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
|
|
|
| $ | 29,345,354.55 |
| |
Class A-1 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-2 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-3 notes Principal Paid |
| $ | 29,345,354.55 |
|
|
| |
Class A-4 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class B notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class C notes Principal Paid |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 0.00 |
| |
Deposits to Spread Account |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 0.00 |
| |
Total Principal Balance of Notes and Certificates (End of Period) |
| $ | 742,103,157.32 |
|
|
| |
A-1 notes Ending Principal balance |
| $ | 0.00 |
|
|
| |
A-2 notes Ending Principal balance |
| $ | 0.00 |
|
|
| |
A-3 notes Ending Principal balance |
| $ | 103,436,775.41 |
|
|
| |
A-4 notes Ending Principal balance |
| $ | 183,625,000.00 |
|
|
| |
B notes Ending Principal balance |
| $ | 439,456,687.58 |
|
|
| |
C notes Ending Principal balance |
| $ | 15,584,694.33 |
|
|
| |
|
|
|
|
|
| ||
Servicing Fee Paid (If CNH is the servicer) |
| $ | 0.00 |
|
|
| |
Servicing Fee Shortfall |
| $ | 1,379,604.28 |
|
|
| |
Release to Seller as Excess |
| $ | 0.00 |
| $ | 0.00 |
|
4
CNH Equipment Trust 2002-A
$162,400,000 Class A-1 2.0825% Asset Backed Notes due April 15, 2003
$235,456,000 Class A-2 3.1300% Asset Backed Notes due September 15, 2004
$356,019,000 Class A-3 Floating-Rate Asset Backed Notes due July 17, 2006
$183,625,000 Class A-4 Floating-Rate Asset Backed Notes due August 15, 2008
$30,000,000 Class B Floating-Rate Asset Backed Notes due August 15, 2008
$32,500,000 Class C Floating-Rate Asset Backed Notes due March 15, 2010
Actual Payment Date |
|
|
|
|
| 4/15/2004 |
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
| Amount |
| Factor |
| Per/$1000 |
| |||
Summary and Factors |
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (Beginning of Period) |
|
|
|
|
| $ | 771,448,511.81 |
| 0.7714485 |
| $ | 771.45 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
A-2 notes Beginning Principal balance |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
A-3 notes Beginning Principal balance |
|
|
|
|
| $ | 132,782,129.96 |
| 0.3729636 |
| $ | 372.96 |
| |
A-4 notes Beginning Principal balance |
|
|
|
|
| $ | 183,625,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
| $ | 439,456,687.58 |
| 14.6485563 |
| $ | 14,648.56 |
| |
C notes Beginning Principal balance |
|
|
|
|
| $ | 15,584,694.33 |
| 0.4795291 |
| $ | 479.53 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (End of Period) |
|
|
|
|
| $ | 742,103,157.32 |
| 0.7421032 |
| $ | 742.10 |
| |
A-1 notes Ending Principal balance |
| 2.0825 | % | $ | 162,400,000.00 |
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
|
A-2 notes Ending Principal balance |
| 3.1300 | % | $ | 235,456,000.00 |
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
|
A-3 notes Ending Principal balance |
| 4.4630 | % | $ | 356,019,000.00 |
| $ | 103,436,775.41 |
| 0.2905372 |
| $ | 290.54 |
|
A-4 notes Ending Principal balance |
| 5.2950 | % | $ | 183,625,000.00 |
| $ | 183,625,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
B notes Ending Principal balance |
| 5.2930 | % | $ | 30,000,000.00 |
| $ | 439,456,687.58 |
| 14.6485563 |
| $ | 14,648.56 |
|
C notes Ending Principal balance |
| 6.3675 | % | $ | 32,500,000.00 |
| $ | 15,584,694.33 |
| 0.4795291 |
| $ | 479.53 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Class A-1 notes Interest Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-2 notes Interest Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-3 notes Interest Paid |
|
|
|
|
| $ | 153,215.82 |
| 0.0004304 |
| $ | 0.43 |
| |
Class A-4 notes Interest Paid |
|
|
|
|
| $ | 219,788.92 |
| 0.0011969 |
| $ | 1.20 |
| |
Class B notes Interest Paid |
|
|
|
|
| $ | 779,547.34 |
| 0.0259849 |
| $ | 25.98 |
| |
Class C notes Interest Paid |
|
|
|
|
| $ | 40,126.26 |
| 0.0012347 |
| $ | 1.23 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Class A-1 notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-2 notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-3 notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-4 notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class B notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class C notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Class A-1 notes Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-2 notes Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-3 notes Principal Paid |
|
|
|
|
| $ | 29,345,354.55 |
| 0.0824264 |
| $ | 82.43 |
| |
Class A-4 notes Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class B notes Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class C notes Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Negative Carry Account |
|
|
|
|
|
|
|
|
|
|
| |||
Negative Carry |
|
|
| 3/27/2002 |
| 2.675 | % |
|
|
|
| |||
Negative Carry Days Remaining |
|
|
| 9/16/2002 |
| 0 |
|
|
|
|
| |||
Required Negative Carry Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Beginning Negative Carry Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Negative Carry Account Withdrawals to Distribution Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Negative Carry Released to Seller |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Ending Negative Carry Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
Spread Account |
|
|
|
|
|
|
|
|
|
|
| |||
Required Spread Account Balance |
|
|
| 3.25 | % | $ | 32,493,318.55 |
|
|
|
|
| ||
Beginning Spread Account Balance |
|
|
| 4.50 | % | $ | 0.00 |
|
|
|
|
| ||
Additional Deposit to Spread Account from Pre-funding |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Spread Account Withdrawals to Distribution Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Spread Account Deposits from Excess Cash |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Spread Account Released to Seller |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Ending Spread Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
Principal Supplement Account |
|
|
|
|
|
|
|
|
|
|
| |||
Required Principal Supplement Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Beginning Principal Supplement Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Additional Deposit to Principal Supplement Account from Pre-funding |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Principal Supplement Account Withdrawals to Distribution Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Principal Supplement Account Released to Seller |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Ending Principal Supplement Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
Pre-funding Account |
|
|
|
|
|
|
|
|
|
|
| |||
Beginning Pre-funding Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
New Contract Value Purchased |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Deposits to Spread Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Deposits to Principal Supplement Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Excess Release to Noteholders for Unpurchased Amount |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Ending Pre-funding Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Release to seller |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Release to Seller |
|
|
|
|
| $ | 166.67 |
|
|
|
|
| ||
5
