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 Jeske 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 |
|
|
|
|
| 0 |
| 0 |
| 0 |
| 0 |
|
Cutoff Date |
|
|
| 2/28/2005 |
| ||||||
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 |
| 4,903,012.88 |
| 862,364.36 |
| 1,038,705.91 |
| 259,087.97 |
|
|
| 1 |
| 14,960,317.44 |
| 1,491,352.36 |
| 2,229,772.59 |
| 388,098.57 |
|
|
| 2 |
| 12,746,302.03 |
| 5,985,342.23 |
| 2,610,485.07 |
| 475,331.77 |
|
|
| 3 |
| 4,987,426.37 |
| 7,699,926.81 |
| 7,860,194.81 |
| 513,370.41 |
|
|
| 4 |
| 5,317,876.62 |
| 1,595,168.90 |
| 9,844,310.50 |
| 1,953,267.70 |
|
|
| 5 |
| 5,224,585.95 |
| 1,584,240.07 |
| 2,427,689.59 |
| 1,828,147.22 |
|
|
| 6 |
| 5,147,139.19 |
| 1,605,251.95 |
| 2,461,305.18 |
| 441,044.76 |
|
|
| 7 |
| 5,398,820.54 |
| 1,600,936.25 |
| 2,360,594.17 |
| 537,311.66 |
|
|
| 8 |
| 5,315,471.54 |
| 1,879,270.88 |
| 2,419,708.96 |
| 444,986.39 |
|
|
| 9 |
| 5,260,686.07 |
| 1,927,800.55 |
| 2,809,451.64 |
| 397,411.63 |
|
|
| 10 |
| 9,739,839.24 |
| 1,978,457.84 |
| 3,430,237.40 |
| 575,872.85 |
|
|
| 11 |
| 10,705,287.50 |
| 1,773,641.48 |
| 2,443,304.74 |
| 535,967.16 |
|
|
| 12 |
| 10,927,348.11 |
| 1,621,472.51 |
| 2,266,103.52 |
| 392,366.04 |
|
|
| 13 |
| 14,712,193.12 |
| 1,536,629.24 |
| 2,317,410.70 |
| 399,926.54 |
|
|
| 14 |
| 11,163,969.33 |
| 5,870,242.42 |
| 2,455,723.64 |
| 425,502.61 |
|
|
| 15 |
| 3,466,107.56 |
| 7,338,311.61 |
| 7,536,131.16 |
| 460,195.57 |
|
|
| 16 |
| 3,724,388.63 |
| 1,002,559.16 |
| 9,135,611.82 |
| 1,999,265.96 |
|
|
| 17 |
| 3,569,924.07 |
| 979,925.97 |
| 1,458,302.82 |
| 1,681,037.33 |
|
|
| 18 |
| 3,559,339.86 |
| 975,827.38 |
| 1,511,285.81 |
| 287,889.39 |
|
|
| 19 |
| 3,670,601.67 |
| 1,000,645.47 |
| 1,432,784.29 |
| 385,986.67 |
|
|
| 20 |
| 3,600,498.24 |
| 1,224,690.98 |
| 1,498,755.98 |
| 286,877.98 |
|
|
| 21 |
| 3,586,145.68 |
| 1,235,236.93 |
| 1,735,873.57 |
| 257,999.22 |
|
|
| 22 |
| 7,126,647.25 |
| 1,337,895.24 |
| 2,345,746.93 |
| 405,292.18 |
|
|
| 23 |
| 7,973,007.99 |
| 1,145,798.52 |
| 1,531,561.90 |
| 387,815.59 |
|
|
| 24 |
| 8,455,321.28 |
| 1,005,101.97 |
| 1,402,184.06 |
| 258,038.71 |
|
|
| 25 |
| 11,167,163.81 |
| 970,091.68 |
| 1,396,018.55 |
| 257,871.17 |
|
|
| 26 |
| 8,251,849.07 |
| 4,169,766.46 |
| 1,536,571.17 |
| 285,596.64 |
|
|
| 27 |
| 2,381,012.93 |
| 5,078,929.92 |
| 4,958,003.04 |
| 293,294.23 |
|
|
| 28 |
| 2,564,505.02 |
| 751,204.53 |
| 6,146,682.17 |
| 1,336,079.71 |
|
|
| 29 |
| 2,436,081.14 |
| 718,770.20 |
| 1,050,249.44 |
| 1,072,184.57 |
|
|
| 30 |
| 2,391,133.92 |
| 717,038.16 |
| 1,061,351.54 |
| 215,345.47 |
|
|
| 31 |
| 2,669,509.32 |
| 757,008.60 |
| 1,058,789.76 |
| 254,677.08 |
|
|
| 32 |
| 2,585,237.54 |
| 931,304.65 |
| 1,143,458.50 |
| 399,847.31 |
|
|
| 33 |
| 2,808,314.14 |
| 1,042,240.44 |
| 1,294,871.52 |
| 184,144.31 |
|
|
| 34 |
| 6,192,562.52 |
| 1,082,042.31 |
| 1,872,764.31 |
| 361,561.11 |
|
|
| 35 |
| 6,188,362.45 |
| 908,233.51 |
| 1,104,690.01 |
| 302,098.47 |
|
|
| 36 |
| 6,511,996.12 |
| 779,921.57 |
| 981,027.72 |
| 169,042.93 |
|
|
| 37 |
| 8,727,819.12 |
| 725,950.61 |
| 1,003,393.89 |
| 187,542.38 |
|
|
| 38 |
| 5,611,467.93 |
| 3,560,196.83 |
| 1,103,539.29 |
| 239,643.25 |
|
|
| 39 |
| 324,124.20 |
| 4,294,710.42 |
| 4,293,597.23 |
| 235,488.33 |
|
|
| 40 |
| 198,586.15 |
| 111,814.43 |
| 5,119,871.76 |
| 1,193,744.41 |
|
|
| 41 |
| 257,789.19 |
| 131,132.31 |
| 188,366.81 |
| 987,242.87 |
|
|
| 42 |
| 219,481.30 |
| 52,624.72 |
| 93,899.92 |
| 7,837.15 |
|
|
| 43 |
| 352,195.47 |
| 61,812.19 |
| 103,049.91 |
| 66,919.84 |
|
|
| 44 |
| 249,033.57 |
| 83,773.91 |
| 96,052.48 |
| 15,958.85 |
|
|
| 45 |
| 320,254.78 |
| 144,347.85 |
| 100,378.15 |
| 12,211.20 |
|
|
| 46 |
| 492,753.99 |
| 79,958.85 |
| 195,591.46 |
| 18,225.44 |
|
|
| 47 |
| 547,672.97 |
| 154,914.28 |
| 102,015.82 |
| 23,424.59 |
|
|
| 48 |
| 649,439.40 |
| 75,624.05 |
| 106,252.63 |
| 5,855.27 |
|
|
| 49 |
| 964,298.69 |
| 66,574.28 |
| 55,349.04 |
| 5,855.27 |
|
|
| 50 |
| 525,053.15 |
| 597,983.73 |
| 77,858.06 |
| 23,217.77 |
|
|
| 51 |
| 272.91 |
| 210,877.20 |
| 478,457.67 |
| 5,855.27 |
|
|
| 52 |
| 0.00 |
| 668.95 |
| 164,446.53 |
| 197,466.44 |
|
|
| 53 |
| 0.00 |
| 1,097.84 |
| 327.52 |
| 84,428.73 |
|
|
| 54 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 55 |
| 0.00 |
| 0.00 |
| 5,262.26 |
| 0.00 |
|
|
| 56 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 57 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 58 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 59 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 60 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 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 |
| 250,830,228.96 |
| 84,518,705.56 |
| 115,455,424.92 |
| 24,420,751.94 |
|
Discount Rate |
|
|
| 5.400 | % | 5.400 | % | 5.400 | % | 5.400 | % |
Beginning Contract Value |
|
|
| 245,456,873.00 |
| 80,108,767.59 |
| 109,561,984.24 |
| 22,919,088.07 |
|
Scheduled Contract Value Decline |
|
|
| 14,072,865.18 |
| 1,869,554.11 |
| 2,522,571.00 |
| 516,165.85 |
|
Unscheduled Contract Value Decline |
|
|
| (724,560.37 | ) | 93,067.64 |
| 328,532.08 |
| (53,072.95 | ) |
Additional Contract Value Added |
| 1,000,000,000.29 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
|
|
| 232,108,568.20 |
| 78,146,145.84 |
| 106,710,881.16 |
| 22,455,995.17 |
|
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) |
| 2/15/2005 |
|
|
| |
Dated Date (act/360) |
| 2/15/2005 |
|
|
| |
Scheduled Payment Date |
| 3/15/2005 |
|
|
| |
Actual Payment Date |
| 3/15/2005 |
|
|
| |
Days in accrual period (30/360) |
| 30 |
|
|
| |
Days in accrual period (act/360) |
| 28 |
|
|
| |
1 month LIBOR Rate |
| 2.59000 | % |
|
| |
|
|
|
|
|
| |
Collateral Summary |
|
|
|
|
| |
Wtd. Average Discount Rate |
| 5.400 | % |
|
| |
Beginning Contract Value |
| 458,046,712.91 |
|
|
| |
Scheduled Contract Value Decline |
| 18,981,156.14 |
|
|
| |
Unscheduled Contract Value Decline |
| (356,033.60 | ) |
|
| |
Additional Contract Value Purchased |
| 0.00 |
|
|
| |
Ending Contract Value |
| 439,421,590.37 |
|
|
| |
|
|
|
|
|
| |
Beginning Pre-funding Account Balance |
| 0.00 |
|
|
| |
Ending Pre-funding Account Balance |
| 0.00 |
|
|
| |
|
|
|
|
|
| |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) |
| 458,046,712.91 |
|
|
| |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) |
| 439,421,590.37 |
|
|
| |
|
|
|
|
|
| |
Collateral Performance |
|
|
|
|
| |
Scheduled Amounts 30 - 59 days past due |
| $ | 618,061.63 |
| 0.14 | % |
Scheduled Amounts 60 days or more past due |
| $ | 1,080,454.12 |
| 0.25 | % |
Net Losses on Liquidated Receivables |
| $ | 98,893.40 |
| 0.02 | % |
Cumulative Net Losses |
| $ | 3,165,320.35 |
|
|
|
Number of Loans at Beginning of Period |
| 31,297 |
|
|
| |
Number of Loans at End of Period |
| 30,689 |
|
|
| |
Repossessed Equipment not Sold or Reassigned (Beginning) |
| $ | 656,555.03 |
|
|
|
Repossessed Equipment not Sold or Reassigned (End) |
| $ | 673,794.79 |
|
|
|
|
|
|
|
|
| |
Collections and Reinvestment Income |
|
|
|
|
| |
Receipts During the period |
| $ | 20,675,703.38 |
|
|
|
|
|
|
|
|
| |
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 |
| $ | 20,675,703.38 |
|
|
|
|
|
|
|
|
| |
Reinvestment Income (excluding Pre-funding Account) |
| $ | 72,161.94 |
|
|
|
Reinvestment Income on Pre-funding Account) |
| $ | 0.00 |
|
|
|
|
|
|
|
|
| |
Net Swap Receipts |
| 88,173.65 |
|
|
| |
Net Swap Termination Payments due Trust from the Swap CounterParty |
| $ | 0.00 |
|
|
|
|
|
|
|
|
| |
Total Collections + Reinvestment Income For The Period + Swap Receipt |
| $ | 20,836,038.97 |
|
|
|
|
|
|
|
|
| |
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 |
|
|
|
|
|
|
|
|
| 3/15/2005 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Caclulation of Distributable Amounts |
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Current Servicing Fee Due |
|
|
|
|
| 1.000 | % |
|
| $ | 381,705.59 |
| |
Past Due Servicing Fee |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
Total Servicing Fee Due |
|
|
|
|
|
|
|
|
| $ | 381,705.59 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
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) |
|
|
|
|
| $ | 458,046,712.91 |
| |||||
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
A-2 notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
A-3a notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 123,639,648.10 |
| |
A-3b notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 89,020,546.64 |
| |
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 |
|
|
|
|
|
|
|
|
| $ | 14,886,518.17 |
| |
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 |
| $ | 0.00 |
|
A-3a notes Current Interest Due |
| Flt |
| 0.18000 | % | 1.86300 | % | act/360 |
| $ | 266,374.75 |
|
A-3b notes Current Interest Due |
| Fix |
| 1.89000 | % | 1.89000 | % | 30/360 |
| $ | 140,207.36 |
|
A-4a notes Current Interest Due |
| Flt |
| 0.28000 | % | 2.55700 | % | act/360 |
| $ | 238,847.78 |
|
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 |
| $ | 38,829.00 |
|
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 |
|
|
|
|
|
|
|
|
| $ | 0.00 |
|
A-3a notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 266,374.75 |
|
A-3b notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 140,207.36 |
|
A-4a notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 238,847.78 |
|
A-4b notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 205,600.00 |
|
B notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 38,829.00 |
|
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 | % |
|
| $ | 0.00 |
|
A-3b Net Swap Payment Due |
|
|
|
|
| 0.00000 | % |
|
| $ | 0.00 |
|
A-4a Net Swap Payment Due |
|
|
|
|
| 2.27700 | % |
|
| $ | 0.00 |
|
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 |
|
|
|
|
|
|
|
|
| $ | 0.00 |
|
A-3b Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
|
A-4a Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
|
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 |
|
3
A-1 Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
|
A-2 Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
|
A-3a Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 75,660.60 |
|
A-3b Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
|
A-4a Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 12,513.06 |
|
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 |
|
|
|
|
|
|
|
|
| $ | 0.00 |
|
A-3a notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 10,476,631.43 |
|
A-3b notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 7,543,174.63 |
|
A-4a notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
|
A-4b notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
|
Class B notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 605,316.48 |
|
Certificate Principal Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Total notes Interest Due |
|
|
|
|
|
|
|
|
| $ | 889,858.89 |
|
Total notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 18,625,122.54 |
|
Net Swap/Termination Payment Due |
|
|
|
|
|
|
|
|
| $ | -88,173.65 |
|
Total notes Distributable Amount |
|
|
|
|
|
|
|
|
| $ | 19,426,807.78 |
|
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 |
| 3/15/2005 |
|
|
| |
|
|
|
|
|
| |
Cash Available for Distribution |
|
|
|
|
| |
Total Collections + Reinvestment Income For The Period + Net SWAP receipts |
| $ | 20,836,038.97 |
|
|
|
|
|
|
|
|
| |
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 |
| $ | 20,836,038.97 |
|
|
|
|
|
|
| Available |
| ||
Cash Allocation (Cashflow Waterfall) |
|
|
|
|
| ||
|
|
|
|
|
| ||
Servicing Fee Paid |
| $ | 381,705.59 |
|
|
| |
Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 20,454,333.38 |
| |
Administration Fee Paid |
| $ | 166.67 |
|
|
| |
Administration Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 20,454,166.71 |
| |
Swap Payment Paid |
| $ | 0.00 |
|
|
| |
Swap Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Remaining Cash Available to Pay Note Interest & Swap Termination Payment |
|
|
| $ | 20,454,166.71 |
| |
|
|
|
|
|
| ||
Cash Available to Pay Note Interest |
| $ | 20,454,166.71 |
|
|
| |
Cash Available to Pay Termination Payment |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class A-1 notes Interest Paid |
| $ | 0.00 |
|
|
| |
Class A-2 notes Interest Paid |
| $ | 0.00 |
|
|
| |
Class A-3a notes Interest Paid |
| $ | 266,374.75 |
|
|
| |
Class A-3b notes Interest Paid |
| $ | 140,207.36 |
|
|
| |
Class A-4a notes Interest Paid |
| $ | 238,847.78 |
|
|
| |
Class A-4b notes Interest Paid |
| $ | 205,600.00 |
|
|
| |
|
|
|
| $ | 19,603,136.82 |
| |
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 |
|
|
| |
|
|
|
| $ | 19,603,136.82 |
| |
Class B notes Interest Paid |
| $ | 38,829.00 |
|
|
| |
Class B notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 19,564,307.82 |
| |
Class A-1 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-2 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-3a notes Principal Paid |
| $ | 10,476,631.43 |
|
|
| |
Class A-3b notes Principal Paid |
| $ | 7,543,174.63 |
|
|
| |
Class A-4a notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-4b notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class B notes Principal Paid |
| $ | 605,316.48 |
|
|
| |
|
|
|
| $ | 939,185.28 |
| |
Deposits to Spread Account |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 939,185.28 |
| |
Certificate Interest Paid |
| $ | 71,729.17 |
|
|
| |
Certificate Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 867,456.11 |
| |
Certificate Principal Paid |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 867,456.11 |
| |
Total Principal Balance of Notes and Certificates (End of Period) |
| $ | 439,421,590.37 |
|
|
| |
A-1 notes Ending Principal balance |
| $ | 0.00 |
|
|
| |
A-2 notes Ending Principal balance |
| $ | 0.00 |
|
|
| |
A-3a notes Ending Principal balance |
| $ | 113,163,016.67 |
|
|
| |
A-3b notes Ending Principal balance |
| $ | 81,477,372.01 |
|
|
| |
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 |
| $ | 14,281,201.69 |
|
|
| |
Certificate Ending Principal balance |
| $ | 27,500,000.00 |
|
|
| |
|
|
|
|
|
| ||
Release to Seller as Excess |
| $ | 867,456.11 |
| $ | 867,456.11 |
|
5
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
$27,500,000 3.130% Asset Backed Certificates
Actual Payment Date |
|
|
|
|
|
|
| 3/15/2005 |
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
| Amount |
| Factor |
| Per/$ 1000 |
| |||
Summary and Factors |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (Beginning of Period) |
|
|
|
|
|
|
| $ | 458,046,712.91 |
| 0.4580467 |
| $ | 458.05 |
| |
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-3a notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 123,639,648.10 |
| 0.8242643 |
| $ | 824.26 |
| |
A-3b notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 89,020,546.64 |
| 0.8242643 |
| $ | 824.26 |
| |
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 |
|
|
|
|
|
|
| $ | 14,886,518.17 |
| 0.4580467 |
| $ | 458.05 |
| |
Certificate Beginning Principal balance |
|
|
|
|
|
|
| $ | 27,500,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (End of Period) |
|
|
|
|
|
|
| $ | 439,421,590.37 |
| 0.4394216 |
| $ | 439.42 |
| |
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 |
|
|
| $ | (0.00 | ) | (0.0000000 | ) | $ | (0.00 | ) |
A-3a notes Ending Principal balance |
| 58.14 | % | $ | 150,000,000.00 |
|
|
| $ | 113,163,016.67 |
| 0.7544201 |
| $ | 754.42 |
|
A-3b notes Ending Principal balance |
| 41.86 | % | $ | 108,000,000.00 |
|
|
| $ | 81,477,372.01 |
| 0.7544201 |
| $ | 754.42 |
|
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 | % | $ | 14,281,201.69 |
| 0.4394216 |
| $ | 439.42 |
|
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 |
|
|
|
|
|
|
| $ | (0.00 | ) | (0.0000000 | ) | $ | (0.00 | ) | |
Class A-3a notes Interest Paid |
|
|
|
|
|
|
| $ | 266,374.75 |
| 0.0017758 |
| $ | 1.78 |
| |
Class A-3b notes Interest Paid |
|
|
|
|
|
|
| $ | 140,207.36 |
| 0.0012982 |
| $ | 1.30 |
| |
Class A-4a notes Interest Paid |
|
|
|
|
|
|
| $ | 238,847.78 |
| 0.0022322 |
| $ | 2.23 |
| |
Class A-4b notes Interest Paid |
|
|
|
|
|
|
| $ | 205,600.00 |
| 0.0021417 |
| $ | 2.14 |
| |
Class B notes Interest Paid |
|
|
|
|
|
|
| $ | 38,829.00 |
| 0.0011947 |
| $ | 1.19 |
| |
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 |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-3a notes Principal Paid |
|
|
|
|
|
|
| $ | 10,476,631.43 |
| 0.0698442 |
| $ | 69.84 |
| |
Class A-3b notes Principal Paid |
|
|
|
|
|
|
| $ | 7,543,174.63 |
| 0.0698442 |
| $ | 69.84 |
| |
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 |
|
|
|
|
|
|
| $ | 605,316.48 |
| 0.0186251 |
| $ | 18.63 |
| |
Certificate Principal Paid |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry Account |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry |
| 0.75000 | % | 5/22/2003 |
|
|
| 1.4130 | % |
|
|
|
| |||
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 | % |
|
| $ | 10,985,539.76 |
|
|
|
|
| ||
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 Pre-funding |
|
|
|
|
|
|
| $ | 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 |
|
|
|
|
|
|
| $ | 386,295.29 |
|
|
|
|
| ||
Monthly Backup Servicing Fee (2bps/12*beginning balance or $4000 floor) |
|
|
|
|
|
|
| $ | 7,634.11 |
|
|
|
|
| ||
Accrued Backup Servicing Fee |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Total Backup Servicing Fee Due |
|
|
|
|
|
|
| $ | 7,634.11 |
|
|
|
|
| ||
Backup Servicing Fee Paid |
|
|
|
|
|
|
| $ | 7,634.11 |
|
|
|
|
| ||
Backup Servicer Investment Earnings |
|
|
|
|
|
|
| $ | 705.22 |
|
|
|
|
| ||
Ending Backup Servicing Account Balance |
|
|
|
|
|
|
| $ | 379,366.40 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Release to Seller |
|
|
|
|
|
|
| $ | 1,249,328.37 |
|
|
|
|
| ||
6
