Exhibit 20.1
CNH Equipment Trust 2003-A
$228,000,000 Class A-1 1.26250% Asset Backed Notes due June 11, 2004
$251,000,000 Class A-2 1.460% Asset Backed Notes due February 15, 2006
$150,000,000 Class A-3a Floating-Rate Asset Backed Notes due July 16, 2007
$108,000,000 Class A-3b 1.890% Asset Backed Notes due July 16, 2007
$107,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2009
$96,000,000 Class A-4b 2.570% Asset Backed Notes due September 15, 2009
$32,500,000 Class B 3.130% Asset Backed Notes due November 15, 2010
$27,500,000 3.130% Asset Backed Certificates
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
|
|
|
| 1 |
| 2 |
| 3 |
| 4 |
|
|
|
|
| 4 |
| 4 |
| 4 |
| 3 |
|
Cutoff Date |
|
|
| 7/31/2004 |
| ||||||
Date Added |
|
|
| 4/30/2003 |
| 5/31/2003 |
| 6/30/2003 |
| 7/31/2003 |
|
Pool |
| Period |
| Pool 1 |
| Pool 2 |
| Pool 3 |
| Pool 4 |
|
Scheduled Cashflows |
| 0 |
| 3,870,808.01 |
| 605,084.91 |
| 1,003,718.25 |
| 272,045.85 |
|
|
| 1 |
| 6,713,466.04 |
| 1,609,944.34 |
| 2,507,990.83 |
| 458,931.92 |
|
|
| 2 |
| 8,087,192.15 |
| 1,839,406.00 |
| 2,806,985.61 |
| 649,303.32 |
|
|
| 3 |
| 7,223,110.73 |
| 2,197,009.58 |
| 2,827,236.95 |
| 521,530.33 |
|
|
| 4 |
| 7,351,624.00 |
| 2,249,121.93 |
| 3,226,277.47 |
| 473,902.84 |
|
|
| 5 |
| 12,558,272.58 |
| 2,291,065.55 |
| 3,922,645.29 |
| 684,435.03 |
|
|
| 6 |
| 13,361,404.77 |
| 2,115,669.02 |
| 2,887,976.73 |
| 625,028.13 |
|
|
| 7 |
| 13,251,383.78 |
| 1,918,449.43 |
| 2,657,629.05 |
| 468,027.02 |
|
|
| 8 |
| 17,805,626.31 |
| 1,857,739.60 |
| 2,827,037.29 |
| 483,261.56 |
|
|
| 9 |
| 13,850,959.86 |
| 6,503,203.13 |
| 2,871,283.07 |
| 508,691.97 |
|
|
| 10 |
| 5,470,139.12 |
| 8,149,402.85 |
| 8,432,995.25 |
| 542,562.69 |
|
|
| 11 |
| 5,766,958.89 |
| 1,726,182.58 |
| 10,458,461.57 |
| 2,013,689.77 |
|
|
| 12 |
| 5,668,767.67 |
| 1,720,038.92 |
| 2,582,239.65 |
| 1,996,649.88 |
|
|
| 13 |
| 5,547,330.21 |
| 1,735,620.49 |
| 2,609,766.02 |
| 483,640.89 |
|
|
| 14 |
| 5,956,386.65 |
| 1,718,694.29 |
| 2,595,312.45 |
| 590,880.75 |
|
|
| 15 |
| 5,756,120.46 |
| 2,017,826.27 |
| 2,570,716.33 |
| 478,014.83 |
|
|
| 16 |
| 5,694,880.50 |
| 2,075,947.08 |
| 2,986,691.63 |
| 432,034.29 |
|
|
| 17 |
| 10,633,890.07 |
| 2,103,636.15 |
| 3,642,548.41 |
| 627,943.22 |
|
|
| 18 |
| 11,498,347.09 |
| 1,922,092.66 |
| 2,617,188.09 |
| 577,473.87 |
|
|
| 19 |
| 11,811,857.60 |
| 1,751,280.12 |
| 2,422,134.11 |
| 423,290.35 |
|
|
| 20 |
| 15,993,800.15 |
| 1,666,252.36 |
| 2,548,249.68 |
| 440,165.58 |
|
|
| 21 |
| 11,952,622.49 |
| 6,261,350.01 |
| 2,596,359.40 |
| 455,830.64 |
|
|
| 22 |
| 3,711,888.42 |
| 7,673,487.10 |
| 8,005,814.74 |
| 489,697.27 |
|
|
| 23 |
| 3,993,878.11 |
| 1,073,829.32 |
| 9,676,365.69 |
| 2,076,425.77 |
|
|
| 24 |
| 3,821,515.31 |
| 1,058,408.28 |
| 1,537,218.29 |
| 1,844,945.04 |
|
|
| 25 |
| 3,836,020.11 |
| 1,053,844.57 |
| 1,590,839.98 |
| 315,865.59 |
|
|
| 26 |
| 4,039,049.52 |
| 1,070,069.88 |
| 1,532,275.20 |
| 409,033.21 |
|
|
| 27 |
| 3,901,270.24 |
| 1,316,187.18 |
| 1,579,190.26 |
| 306,691.57 |
|
|
| 28 |
| 3,866,623.64 |
| 1,331,324.38 |
| 1,852,805.40 |
| 280,236.48 |
|
|
| 29 |
| 7,794,667.82 |
| 1,407,468.80 |
| 2,447,172.20 |
| 446,450.77 |
|
|
| 30 |
| 8,483,434.95 |
| 1,250,678.71 |
| 1,642,991.37 |
| 417,192.66 |
|
|
| 31 |
| 9,140,966.36 |
| 1,094,694.58 |
| 1,479,165.16 |
| 277,692.91 |
|
|
| 32 |
| 12,194,793.56 |
| 1,056,875.60 |
| 1,566,417.95 |
| 286,424.03 |
|
|
| 33 |
| 8,905,794.74 |
| 4,471,068.93 |
| 1,617,294.24 |
| 305,236.45 |
|
|
| 34 |
| 2,539,398.00 |
| 5,358,730.24 |
| 5,341,620.92 |
| 313,245.55 |
|
|
| 35 |
| 2,723,327.66 |
| 798,529.86 |
| 6,488,611.62 |
| 1,361,365.89 |
|
|
| 36 |
| 2,611,488.32 |
| 770,055.84 |
| 1,098,227.24 |
| 1,203,644.80 |
|
|
| 37 |
| 2,568,110.24 |
| 770,475.50 |
| 1,140,699.85 |
| 236,276.79 |
|
|
| 38 |
| 2,847,283.54 |
| 805,934.88 |
| 1,106,942.90 |
| 265,511.19 |
|
|
| 39 |
| 2,849,746.64 |
| 1,000,992.95 |
| 1,199,983.90 |
| 412,983.29 |
|
|
| 40 |
| 3,063,373.06 |
| 1,146,160.37 |
| 1,402,689.19 |
| 199,127.85 |
|
|
| 41 |
| 6,945,261.34 |
| 1,132,094.78 |
| 1,990,247.63 |
| 404,570.94 |
|
|
| 42 |
| 6,497,254.74 |
| 968,676.51 |
| 1,190,892.89 |
| 322,666.22 |
|
|
| 43 |
| 7,058,658.35 |
| 848,855.58 |
| 1,082,688.54 |
| 183,729.26 |
|
|
| 44 |
| 9,403,030.28 |
| 801,533.46 |
| 1,080,512.45 |
| 209,662.18 |
|
|
| 45 |
| 6,070,294.48 |
| 3,870,507.57 |
| 1,168,112.78 |
| 261,083.73 |
|
|
| 46 |
| 328,750.23 |
| 4,517,266.19 |
| 4,677,811.31 |
| 258,522.09 |
|
|
| 47 |
| 197,852.87 |
| 110,130.93 |
| 5,348,848.11 |
| 1,223,477.99 |
|
|
| 48 |
| 260,248.60 |
| 106,541.29 |
| 189,059.63 |
| 1,105,200.12 |
|
|
| 49 |
| 225,552.30 |
| 62,378.55 |
| 114,729.01 |
| 9,051.72 |
|
|
| 50 |
| 369,990.93 |
| 65,842.96 |
| 83,939.18 |
| 67,651.36 |
|
|
| 51 |
| 297,324.65 |
| 108,661.89 |
| 100,399.03 |
| 16,971.38 |
|
|
| 52 |
| 338,428.39 |
| 147,370.22 |
| 115,549.61 |
| 6,899.79 |
|
|
| 53 |
| 534,681.64 |
| 84,964.32 |
| 193,590.71 |
| 19,269.96 |
|
|
| 54 |
| 627,321.85 |
| 158,820.43 |
| 105,895.33 |
| 24,469.11 |
|
|
| 55 |
| 693,458.41 |
| 85,152.49 |
| 121,096.74 |
| 6,845.27 |
|
|
| 56 |
| 1,029,761.38 |
| 70,688.03 |
| 60,177.51 |
| 6,659.26 |
|
|
| 57 |
| 500,429.63 |
| 623,426.19 |
| 82,670.41 |
| 24,024.77 |
|
|
| 58 |
| 597.56 |
| 284,029.76 |
| 566,574.88 |
| 6,659.26 |
|
|
| 59 |
| 597.56 |
| 668.95 |
| 174,500.54 |
| 198,741.92 |
|
|
| 60 |
| 1,025.57 |
| 1,153.26 |
| 0.00 |
| 85,025.00 |
|
|
| 61 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 62 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 63 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 64 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 65 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 66 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 67 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 68 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 69 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 70 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 71 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 72 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 73 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 74 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 75 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 76 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 77 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 78 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Amount of Scheduled Cashflow |
| Total |
| 340,098,100.13 |
| 104,592,597.60 |
| 144,355,065.52 |
| 30,096,563.17 |
|
Discount Rate |
|
|
| 5.400 | % | 5.400 | % | 5.400 | % | 5.400 | % |
Beginning Contract Value |
|
|
| 321,486,636.77 |
| 97,228,120.05 |
| 135,446,541.35 |
| 29,763,212.26 |
|
Scheduled Contract Value Decline |
|
|
| 10,159,259.65 |
| 1,856,066.05 |
| 3,843,854.07 |
| 2,294,908.07 |
|
Unscheduled Contract Value Decline |
|
|
| 492,676.78 |
| 423,448.19 |
| 453,325.30 |
| 282,630.93 |
|
Additional Contract Value Added |
| 1,000,000,000.29 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
|
|
| 310,834,700.35 |
| 94,948,605.81 |
| 131,149,361.99 |
| 27,185,673.26 |
|
1
CNH Equipment Trust 2003-A
$228,000,000 Class A-1 1.26250% Asset Backed Notes due June 11, 2004
$251,000,000 Class A-2 1.460% Asset Backed Notes due February 15, 2006
$150,000,000 Class A-3a Floating-Rate Asset Backed Notes due July 16, 2007
$108,000,000 Class A-3b 1.890% Asset Backed Notes due July 16, 2007
$107,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2009
$96,000,000 Class A-4b 2.570% Asset Backed Notes due September 15, 2009
$32,500,000 Class B 3.130% Asset Backed Notes due November 15, 2010
$27,500,000 3.130% Asset Backed Certificates
Dated Date (30/360) |
| 7/15/2004 |
|
|
| ||
Dated Date (act/360) |
| 7/15/2004 |
|
|
| ||
Scheduled Payment Date |
| 8/15/2004 |
|
|
| ||
Actual Payment Date |
| 8/16/2004 |
|
|
| ||
Days in accrual period (30/360) |
| 30 |
|
|
| ||
Days in accrual period (act/360) |
| 32 |
|
|
| ||
1 month LIBOR Rate |
| 1.38000 | % |
|
| ||
|
|
|
|
|
| ||
Collateral Summary |
|
|
|
|
| ||
Wtd. Average Discount Rate |
| 5.400 | % |
|
| ||
Beginning Contract Value |
| 583,924,510.43 |
|
|
| ||
Scheduled Contract Value Decline |
| 18,154,087.83 |
|
|
| ||
Unscheduled Contract Value Decline |
| 1,652,081.19 |
|
|
| ||
Additional Contract Value Purchased |
| 0.00 |
|
|
| ||
Ending Contract Value |
| 564,118,341.41 |
|
|
| ||
|
|
|
|
|
| ||
Beginning Pre-funding Account Balance |
| 0.00 |
|
|
| ||
Ending Pre-funding Account Balance |
| 0.00 |
|
|
| ||
|
|
|
|
|
| ||
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) |
| 583,924,510.43 |
|
|
| ||
Total Ending Balance (Pool Balance + Pre-funding Account Balance) |
| 564,118,341.41 |
|
|
| ||
|
|
|
|
|
| ||
Collateral Performance |
|
|
|
|
| ||
Scheduled Amounts 30 - 59 days past due |
| $ | 763,413.00 |
| 0.14 | % | |
Scheduled Amounts 60 days or more past due |
| $ | 1,394,011.43 |
| 0.25 | % | |
Net Losses on Liquidated Receivables |
| $ | 127,941.18 |
| 0.02 | % | |
Cumulative Net Losses |
| $ | 2,075,957.20 |
|
|
| |
Number of Loans at Beginning of Period |
| 36,046 |
|
|
| ||
Number of Loans at End of Period |
| 35,173 |
|
|
| ||
Repossessed Equipment not Sold or Reassigned (Beginning) |
| $ | 830,613.62 |
|
|
| |
Repossessed Equipment not Sold or Reassigned (End) |
| $ | 650,594.64 |
|
|
| |
|
|
|
|
|
| ||
Collections and Reinvestment Income |
|
|
|
|
| ||
Receipts During the period |
| $ | 22,145,741.48 |
|
|
| |
|
|
|
|
|
| ||
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 |
| $ | 22,145,741.48 |
|
|
| |
|
|
|
|
|
| ||
Reinvestment Income (excluding Pre-funding Account) |
| $ | 41,946.64 |
|
|
| |
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 |
| $ | 22,187,688.12 |
|
|
| |
|
|
|
|
|
| ||
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 2003-A
$228,000,000 Class A-1 1.26250% Asset Backed Notes due June 11, 2004
$251,000,000 Class A-2 1.460% Asset Backed Notes due February 15, 2006
$150,000,000 Class A-3a Floating-Rate Asset Backed Notes due July 16, 2007
$108,000,000 Class A-3b 1.890% Asset Backed Notes due July 16, 2007
$107,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2009
$96,000,000 Class A-4b 2.570% Asset Backed Notes due September 15, 2009
$32,500,000 Class B 3.130% Asset Backed Notes due November 15, 2010
$27,500,000 3.130% Asset Backed Certificates
Actual Payment Date |
|
|
|
|
|
|
|
|
| 8/16/2004 |
|
Caclulation of Distributable Amounts |
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
| |||
Current Servicing Fee Due |
| 1.000 | % |
|
|
|
|
|
| $ | 486,603.76 |
| ||
Past Due Servicing Fee |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
Total Servicing Fee Due |
|
|
|
|
|
|
|
|
| $ | 486,603.76 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
Current Administration Fee Due |
| $ | 500.00 |
|
|
|
|
|
|
| $ | 166.67 |
| |
Past Due Administration Fee |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
Total Administration Fee Due |
|
|
|
|
|
|
|
|
| $ | 166.67 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (Beginning of Period) |
|
|
|
|
|
|
|
|
| $ | 583,924,510.43 |
| ||
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-2 notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 76,446,963.84 |
| ||
A-3a notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 150,000,000.00 |
| ||
A-3b notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 108,000,000.00 |
| ||
A-4a notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 107,000,000.00 |
| ||
A-4b notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 96,000,000.00 |
| ||
B notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 18,977,546.59 |
| ||
Certificate Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 27,500,000.00 |
| ||
|
| Type |
| Coupon/ |
| Swap Adj. |
| Daycount |
|
|
| |||
A-1 notes Current Interest Due |
| Fix |
| 1.26250 | % | 1.26250 | % | act/360 |
| $ | 0.00 |
| ||
A-2 notes Current Interest Due |
| Fix |
| 1.46000 | % | 1.46000 | % | 30/360 |
| $ | 93,010.47 |
| ||
A-3a notes Current Interest Due |
| Flt |
| 0.18000 | % | 1.86300 | % | act/360 |
| $ | 208,000.00 |
| ||
A-3b notes Current Interest Due |
| Fix |
| 1.89000 | % | 1.89000 | % | 30/360 |
| $ | 170,100.00 |
| ||
A-4a notes Current Interest Due |
| Flt |
| 0.28000 | % | 2.55700 | % | act/360 |
| $ | 157,884.44 |
| ||
A-4b notes Current Interest Due |
| Fix |
| 2.57000 | % | 2.57000 | % | 30/360 |
| $ | 205,600.00 |
| ||
B notes Current Interest Due |
| Fix |
| 3.13000 | % | 3.13000 | % | 30/360 |
| $ | 49,499.77 |
| ||
Certificate Current Interest Due |
| Fix |
| 3.13000 | % | 3.13000 | % | 30/360 |
| $ | 71,729.17 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
A-1 notes Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-2 notes Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-3a notes Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-3b notes Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-4a notes Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-4b notes Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
B notes Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
Certificate Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
A-1 notes Interest Due on Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-2 notes Interest Due on Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-3a notes Interest Due on Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-3b notes Interest Due on Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-4a notes Interest Due on Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-4b notes Interest Due on Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
B notes Interest Due on Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
Certificate Interest Due on Past Due Interest |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
A-1 notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-2 notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 93,010.47 |
| ||
A-3a notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 208,000.00 |
| ||
A-3b notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 170,100.00 |
| ||
A-4a notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 157,884.44 |
| ||
A-4b notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 205,600.00 |
| ||
B notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 49,499.77 |
| ||
Certificate Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 71,729.17 |
| ||
|
|
|
|
|
| 1 Month LIBOR |
|
|
|
|
| |||
A-1 Net Swap Payment Due |
|
|
|
|
| 0.00000 | % |
|
| $ | 0.00 |
| ||
A-2 Net Swap Payment Due |
|
|
|
|
| 0.00000 | % |
|
| $ | 0.00 |
| ||
A-3a Net Swap Payment Due |
|
|
|
|
| 1.68300 | % |
|
| $ | 26,375.00 |
| ||
A-3b Net Swap Payment Due |
|
|
|
|
| 0.00000 | % |
|
| $ | 0.00 |
| ||
A-4a Net Swap Payment Due |
|
|
|
|
| 2.27700 | % |
|
| $ | 71,779.17 |
| ||
A-4b Net Swap Payment Due |
|
|
|
|
| 0.00000 | % |
|
| $ | 0.00 |
| ||
B Net Swap Payment Due |
|
|
|
|
| 0.00000 | % |
|
| $ | 0.00 |
| ||
Certificate Net Swap Payment Due |
|
|
|
|
| 0.00000 | % |
|
| $ | 0.00 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
A-1 Net Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-2 Net Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-3a Net Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-3b Net Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-4a Net Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-4b Net Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
B Net Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
Certificate Net Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
A-1 Interest on Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-2 Interest on Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-3a Interest on Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-3b Interest on Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-4z Interest on Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-4b Interest on Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
B Interest on Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
Cert Interest on Swap Payment Past Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
A-1 Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-2 Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-3a Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 26,375.00 |
| ||
A-3b Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-4a Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 71,779.17 |
| ||
A-4b Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
B Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
Certificate Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
A-1 Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-2 Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-3a Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-3b Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-4a Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-4b Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
B Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
Certificate Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
A-1 notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-2 notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 19,162,468.53 |
| ||
A-3a notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-3b notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-4a notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-4b notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
Class B notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 643,700.49 |
| ||
Certificate Principal Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
Total notes Interest Due |
|
|
|
|
|
|
|
|
| $ | 884,094.68 |
| ||
Total notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 19,806,169.02 |
| ||
Net Swap/Termination Payment Due |
|
|
|
|
|
|
|
|
| $ | 98,154.17 |
| ||
Total notes Distributable Amount |
|
|
|
|
|
|
|
|
| $ | 20,788,417.87 |
| ||
3
CNH Equipment Trust 2003-A
$228,000,000 Class A-1 1.26250% Asset Backed Notes due June 11, 2004
$251,000,000 Class A-2 1.460% Asset Backed Notes due February 15, 2006
$150,000,000 Class A-3a Floating-Rate Asset Backed Notes due July 16, 2007
$108,000,000 Class A-3b 1.890% Asset Backed Notes due July 16, 2007
$107,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2009
$96,000,000 Class A-4b 2.570% Asset Backed Notes due September 15, 2009
$32,500,000 Class B 3.130% Asset Backed Notes due November 15, 2010
$27,500,000 3.130% Asset Backed Certificates
Actual Payment Date |
| 8/16/2004 |
|
|
| ||
|
|
|
|
|
| ||
Cash Available for Distribution |
|
|
|
|
| ||
Total Collections + Reinvestment Income For The Period |
| $ | 22,187,688.12 |
|
|
| |
|
|
|
|
|
| ||
Beginning Negitive Carry Account |
| $ | 0.00 |
|
|
| |
Deposits from Negitive Carry Account to Distribution Account |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Beginning Spread Account Balance |
| $ | 20,000,000.01 |
|
|
| |
Additional Deposit to Spread Account from Pre-funding |
| $ | 0.00 |
|
|
| |
Deposits from Spread Account to Distribution Account |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Beginning Principal Supplement Account |
| $ | 0.00 |
|
|
| |
Deposits from Principal Supplement Account to Distribution Account |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Total Cash Available |
| $ | 22,187,688.12 |
|
|
| |
|
|
|
|
|
| ||
|
|
|
| Available |
| ||
Cash Allocation (Cashflow Waterfall) |
|
|
|
|
| ||
Servicing Fee Paid |
| $ | 486,603.76 |
|
|
| |
Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 21,701,084.36 |
| |
Administration Fee Paid |
| $ | 166.67 |
|
|
| |
Administration Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 21,700,917.69 |
| |
Net Swap Payment Paid |
| $ | 98,154.17 |
|
|
| |
Net Swap Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Remaining Cash Available to Pay Note Interest & Swap Termination Payment |
|
|
| $ | 21,602,763.52 |
| |
|
|
|
|
|
| ||
Cash Available to Pay Note Interest |
| $ | 21,602,763.52 |
|
|
| |
Cash Available to Pay Termination Payment |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class A-1 notes Interest Paid |
| $ | 0.00 |
|
|
| |
Class A-2 notes Interest Paid |
| $ | 93,010.47 |
|
|
| |
Class A-3a notes Interest Paid |
| $ | 208,000.00 |
|
|
| |
Class A-3b notes Interest Paid |
| $ | 170,100.00 |
|
|
| |
Class A-4a notes Interest Paid |
| $ | 157,884.44 |
|
|
| |
Class A-4b notes Interest Paid |
| $ | 205,600.00 |
|
|
| |
|
|
|
| $ | 20,768,168.61 |
| |
Class A-1 notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
Class A-2 notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
Class A-3a notes Interest Shortfall |
|
|
|
|
| ||
Class A-3b notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
Class A-4a notes Interest Shortfall |
|
|
|
|
| ||
Class A-4b notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Swap Termination Payment Paid |
| $ | 0.00 |
|
|
| |
Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 20,768,168.61 |
| |
Class B notes Interest Paid |
| $ | 49,499.77 |
|
|
| |
Class B notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 20,718,668.84 |
| |
Class A-1 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-2 notes Principal Paid |
| $ | 19,162,468.53 |
|
|
| |
Class A-3a notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-3b notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-4a notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-4b notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class B notes Principal Paid |
| $ | 643,700.49 |
|
|
| |
|
|
|
| $ | 912,499.82 |
| |
Deposits to Spread Account |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 912,499.82 |
| |
Certificate Interest Paid |
| $ | 71,729.17 |
|
|
| |
Certificate Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 840,770.65 |
| |
Certificate Principal Paid |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 840,770.65 |
| |
Total Principal Balance of Notes and Certificates (End of Period) |
| $ | 564,118,341.41 |
|
|
| |
A-1 notes Ending Principal balance |
| $ | 0.00 |
|
|
| |
A-2 notes Ending Principal balance |
| $ | 57,284,495.31 |
|
|
| |
A-3a notes Ending Principal balance |
| $ | 150,000,000.00 |
|
|
| |
A-3b notes Ending Principal balance |
| $ | 108,000,000.00 |
|
|
| |
A-4a notes Ending Principal balance |
| $ | 107,000,000.00 |
|
|
| |
A-4b notes Ending Principal balance |
| $ | 96,000,000.00 |
|
|
| |
B notes Ending Principal balance |
| $ | 18,333,846.10 |
|
|
| |
Certificate Ending Principal balance |
| $ | 27,500,000.00 |
|
|
| |
|
|
|
|
|
| ||
Release to Seller as Excess |
| $ | 840,770.65 |
| $ | 840,770.65 |
|
4
CNH Equipment Trust 2003-A
$228,000,000 Class A-1 1.26250% Asset Backed Notes due June 11, 2004
$251,000,000 Class A-2 1.460% Asset Backed Notes due February 15, 2006
$150,000,000 Class A-3a Floating-Rate Asset Backed Notes due July 16, 2007
$108,000,000 Class A-3b 1.890% Asset Backed Notes due July 16, 2007
$107,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2009
$96,000,000 Class A-4b 2.570% Asset Backed Notes due September 15, 2009
$32,500,000 Class B 3.130% Asset Backed Notes due November 15, 2010
$27,500,000 3.130% Asset Backed Certificates
Actual Payment Date |
|
|
|
|
|
|
| 8/16/2004 |
|
|
|
|
|
|
|
|
|
|
|
|
| Amount |
| Factor |
| Per/$1000 |
| |||
Summary and Factors |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (Beginning of Period) |
|
|
|
|
|
|
| $ | 583,924,510.43 |
| 0.5839245 |
| $ | 583.92 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
A-2 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 76,446,963.84 |
| 0.3045696 |
| $ | 304.57 |
| |
A-3a notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 150,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-3b notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 108,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-4a notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 107,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-4b notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 96,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 18,977,546.59 |
| 0.5839245 |
| $ | 583.92 |
| |
Certificate Beginning Principal balance |
|
|
|
|
|
|
| $ | 27,500,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (End of Period) |
|
|
|
|
|
|
| $ | 564,118,341.41 |
| 0.5641183 |
| $ | 564.12 |
| |
A-1 notes Ending Principal balance |
|
|
| $ | 228,000,000.00 |
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
|
A-2 notes Ending Principal balance |
| Pro rata % |
| $ | 251,000,000.00 |
|
|
| $ | 57,284,495.31 |
| 0.2282251 |
| $ | 228.23 |
|
A-3a notes Ending Principal balance |
| 58.14 | % | $ | 150,000,000.00 |
|
|
| $ | 150,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
A-3b notes Ending Principal balance |
| 41.86 | % | $ | 108,000,000.00 |
|
|
| $ | 108,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
A-4a notes Ending Principal balance |
| 52.71 | % | $ | 107,000,000.00 |
|
|
| $ | 107,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
A-4b notes Ending Principal balance |
| 47.29 | % | $ | 96,000,000.00 |
| 94.00 | % | $ | 96,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
B notes Ending Principal balance |
|
|
| $ | 32,500,000.00 |
| 3.25 | % | $ | 18,333,846.10 |
| 0.5641183 |
| $ | 564.12 |
|
Certificate Ending Principal balance |
|
|
| $ | 27,500,000.00 |
| 2.75 | % | $ | 27,500,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Class A-1 notes Interest Paid |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-2 notes Interest Paid |
|
|
|
|
|
|
| $ | 93,010.47 |
| 0.0003706 |
| $ | 0.37 |
| |
Class A-3a notes Interest Paid |
|
|
|
|
|
|
| $ | 208,000.00 |
| 0.0013867 |
| $ | 1.39 |
| |
Class A-3b notes Interest Paid |
|
|
|
|
|
|
| $ | 170,100.00 |
| 0.0015750 |
| $ | 1.58 |
| |
Class A-4a notes Interest Paid |
|
|
|
|
|
|
| $ | 157,884.44 |
| 0.0014756 |
| $ | 1.48 |
| |
Class A-4b notes Interest Paid |
|
|
|
|
|
|
| $ | 205,600.00 |
| 0.0021417 |
| $ | 2.14 |
| |
Class B notes Interest Paid |
|
|
|
|
|
|
| $ | 49,499.77 |
| 0.0015231 |
| $ | 1.52 |
| |
Certificate Interest Paid |
|
|
|
|
|
|
| $ | 71,729.17 |
| 0.0026083 |
| $ | 2.61 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
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-3a notes Interest Shortfall |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-3b notes Interest Shortfall |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-4a notes Interest Shortfall |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-4b notes Interest Shortfall |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class B notes Interest Shortfall |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Certificate 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 |
|
|
|
|
|
|
| $ | 19,162,468.53 |
| 0.0763445 |
| $ | 76.34 |
| |
Class A-3a notes Principal Paid |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-3b notes Principal Paid |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-4a notes Principal Paid |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-4b notes Principal Paid |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class B notes Principal Paid |
|
|
|
|
|
|
| $ | 643,700.49 |
| 0.0198062 |
| $ | 19.81 |
| |
Certificate Principal Paid |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry Account |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry |
| 0.75000 | % | 5/22/2003 |
|
|
| 1.3161 | % |
|
|
|
| |||
Negitive Carry Days Remaining |
|
|
| 11/15/2003 |
|
|
| 0 |
|
|
|
|
| |||
Required Negitive Carry Account |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Beginning Negitive Carry Account |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Negitive Carry Account Withdrawls to Distribution Account |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Negitive Carry Released to Seller |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Ending Negitive Carry Account Balance |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Spread Account |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Required Spread Account Deposit (Add Loans) |
|
|
| 2.00 | % |
|
| $ | 0.00 |
|
|
|
|
| ||
Required Spread Account Target |
|
|
| 2.50 | % |
|
| $ | 14,102,958.54 |
|
|
|
|
| ||
Required Spread Account Floor |
|
|
| 2.00 | % |
|
| $ | 20,000,000.01 |
|
|
|
|
| ||
Required Spread Account |
|
|
|
|
|
|
| $ | 20,000,000.01 |
|
|
|
|
| ||
Beginning Spread Account Balance |
|
|
|
|
|
|
| $ | 20,000,000.01 |
|
|
|
|
| ||
Additional Deposit to Spread Account from |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Spread Account Withdrawls to Distribution Account |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Spread Account Deposits from Excess Cash |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Spread Account Released to Seller |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Ending Spread Account Balance |
|
|
|
|
|
|
| $ | 20,000,000.01 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
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 Withdrawls 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 |
|
|
|
|
| ||
Ending Pre-funding Account Balance |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Release to seller |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Backup Servicer Account |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Backup Servicer Account Initial Deposit |
|
|
|
|
|
|
| $ | 500,000.00 |
|
|
|
|
| ||
Backup Servicer Account Beginning Balance |
|
|
|
|
|
|
| $ | 444,310.14 |
|
|
|
|
| ||
Monthly Backup Servicing Fee (2bps/12*beginning balance or $4000 floor) |
|
|
|
|
|
|
| $ | 9,732.08 |
|
|
|
|
| ||
Accrued Backup Servicing Fee |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Total Backup Servicing Fee Due |
|
|
|
|
|
|
| $ | 9,732.08 |
|
|
|
|
| ||
Backup Servicing Fee Paid |
|
|
|
|
|
|
| $ | 9,732.08 |
|
|
|
|
| ||
Backup Servicer Investment Earnings |
|
|
|
|
|
|
| $ | 433.54 |
|
|
|
|
| ||
Ending Backup Servicing Account Balance |
|
|
|
|
|
|
| $ | 435,011.61 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Release to Seller |
|
|
|
|
|
|
| $ | 1,327,541.08 |
|
|
|
|
| ||
5
