Exhibit 20.1
CNH Equipment Trust 2004-A
$335,000,000 Class A-1 2.0008% Asset Backed Notes due October 14, 2005
$318,000,000 Class A-2 2.42% Asset Backed Notes due March 15, 2007
$247,000,000 Class A-3a Floating-Rate Asset Backed Notes due October 15, 2008
$223,000,000 Class A-3b 2.94% Asset Backed Notes due October 15, 2008
$165,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2011
$142,250,000 Class A-4b 3.47% Asset Backed Notes due September 15, 2011
$45,000,000 Class B 3.31% Asset Backed Notes due September 15, 2011
$26,250,000 3.31% 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 | |
| | | | 7 | | 7 | | 7 | | 7 | |
Cutoff Date | | | | 3/31/2005 | |
Date Added | | | | 8/31/2004 | | 9/30/2004 | | 10/31/2004 | | 11/31/2004 | |
Pool | | Period | | Pool 1 | | Pool 2 | | Pool 3 | | Pool 4 | |
Scheduled Cashflows | | 0 | | 8,909,566.90 | | 527,065.07 | | 431,289.19 | | 0.00 | |
| | 1 | | 28,957,130.96 | | 2,036,450.66 | | 1,617,632.69 | | 0.00 | |
| | 2 | | 29,257,581.92 | | 2,259,764.70 | | 1,500,769.81 | | 0.00 | |
| | 3 | | 32,196,667.28 | | 2,326,708.80 | | 1,580,477.28 | | 0.00 | |
| | 4 | | 28,941,001.18 | | 2,441,948.59 | | 1,617,074.13 | | 0.00 | |
| | 5 | | 24,447,618.39 | | 8,637,416.59 | | 1,570,478.98 | | 0.00 | |
| | 6 | | 17,752,860.10 | | 18,557,994.12 | | 8,158,405.16 | | 0.00 | |
| | 7 | | 16,845,144.51 | | 2,825,626.08 | | 9,336,744.39 | | 0.00 | |
| | 8 | | 17,907,639.33 | | 3,086,993.49 | | 2,198,908.23 | | 0.00 | |
| | 9 | | 22,601,197.20 | | 3,598,971.46 | | 2,021,521.70 | | 0.00 | |
| | 10 | | 24,445,316.54 | | 2,635,902.83 | | 1,742,790.93 | | 0.00 | |
| | 11 | | 27,534,536.69 | | 2,497,537.60 | | 1,320,555.25 | | 0.00 | |
| | 12 | | 34,107,475.19 | | 2,656,323.64 | | 1,832,766.62 | | 0.00 | |
| | 13 | | 31,389,681.22 | | 2,256,500.13 | | 1,697,861.51 | | 0.00 | |
| | 14 | | 28,242,933.80 | | 2,154,291.95 | | 1,387,853.15 | | 0.00 | |
| | 15 | | 30,774,919.94 | | 2,166,621.09 | | 1,456,323.85 | | 0.00 | |
| | 16 | | 27,174,753.25 | | 2,144,521.72 | | 1,468,884.43 | | 0.00 | |
| | 17 | | 22,620,531.03 | | 8,341,825.05 | | 1,420,118.72 | | 0.00 | |
| | 18 | | 15,959,471.37 | | 17,618,225.27 | | 7,706,472.56 | | 0.00 | |
| | 19 | | 15,060,273.57 | | 2,584,163.23 | | 8,855,820.06 | | 0.00 | |
| | 20 | | 16,166,828.27 | | 2,798,203.75 | | 2,046,079.82 | | 0.00 | |
| | 21 | | 20,654,827.53 | | 3,462,349.03 | | 1,856,640.74 | | 0.00 | |
| | 22 | | 22,571,453.77 | | 2,422,045.18 | | 1,543,931.45 | | 0.00 | |
| | 23 | | 25,520,043.40 | | 2,247,268.78 | | 1,173,137.53 | | 0.00 | |
| | 24 | | 32,084,115.85 | | 2,402,688.59 | | 1,675,211.06 | | 0.00 | |
| | 25 | | 28,474,649.85 | | 1,975,997.73 | | 1,514,962.42 | | 0.00 | |
| | 26 | | 24,780,620.59 | | 1,877,450.21 | | 1,207,756.80 | | 0.00 | |
| | 27 | | 27,297,882.81 | | 1,888,805.51 | | 1,265,339.38 | | 0.00 | |
| | 28 | | 23,076,982.14 | | 1,838,510.35 | | 1,258,409.45 | | 0.00 | |
| | 29 | | 17,972,381.29 | | 7,842,130.22 | | 1,204,381.99 | | 0.00 | |
| | 30 | | 11,385,744.43 | | 16,699,742.19 | | 7,282,356.38 | | 0.00 | |
| | 31 | | 10,781,541.58 | | 1,912,971.81 | | 8,377,550.56 | | 0.00 | |
| | 32 | | 11,744,613.45 | | 2,048,954.11 | | 1,644,352.82 | | 0.00 | |
| | 33 | | 16,104,851.02 | | 2,703,879.33 | | 1,462,464.25 | | 0.00 | |
| | 34 | | 16,628,419.69 | | 1,688,648.14 | | 1,183,229.88 | | 0.00 | |
| | 35 | | 18,901,505.30 | | 1,480,823.01 | | 837,320.94 | | 0.00 | |
| | 36 | | 24,134,600.57 | | 1,720,912.76 | | 1,300,914.19 | | 0.00 | |
| | 37 | | 21,188,738.16 | | 1,333,775.57 | | 1,083,988.79 | | 0.00 | |
| | 38 | | 18,121,829.71 | | 1,207,470.18 | | 889,697.80 | | 0.00 | |
| | 39 | | 20,373,541.93 | | 1,229,908.46 | | 937,761.93 | | 0.00 | |
| | 40 | | 16,472,373.73 | | 1,160,654.62 | | 890,310.17 | | 0.00 | |
| | 41 | | 12,662,488.63 | | 5,480,329.73 | | 892,373.37 | | 0.00 | |
| | 42 | | 7,481,779.03 | | 13,567,555.39 | | 6,176,795.07 | | 0.00 | |
| | 43 | | 6,964,491.53 | | 1,433,964.00 | | 7,132,919.48 | | 0.00 | |
| | 44 | | 8,026,034.95 | | 1,623,806.61 | | 1,185,333.58 | | 0.00 | |
| | 45 | | 12,031,512.87 | | 2,239,956.26 | | 1,072,774.69 | | 0.00 | |
| | 46 | | 12,425,035.97 | | 1,223,775.50 | | 816,172.88 | | 0.00 | |
| | 47 | | 13,326,994.42 | | 1,062,182.38 | | 506,066.32 | | 0.00 | |
| | 48 | | 18,864,062.61 | | 1,290,634.62 | | 865,332.31 | | 0.00 | |
| | 49 | | 15,067,660.71 | | 971,119.80 | | 673,964.87 | | 0.00 | |
| | 50 | | 12,090,905.89 | | 814,601.97 | | 535,686.38 | | 0.00 | |
| | 51 | | 13,509,423.79 | | 872,497.13 | | 558,994.63 | | 0.00 | |
| | 52 | | 9,948,464.30 | | 1,116,272.40 | | 690,254.72 | | 0.00 | |
| | 53 | | 6,905,693.38 | | 4,840,665.87 | | 547,518.94 | | 0.00 | |
| | 54 | | 1,350,406.27 | | 12,826,757.49 | | 5,458,334.38 | | 0.00 | |
| | 55 | | 903,327.89 | | 457,699.21 | | 6,143,269.66 | | 0.00 | |
| | 56 | | 1,237,827.21 | | 363,741.07 | | 318,094.96 | | 0.00 | |
| | 57 | | 1,374,294.08 | | 710,881.58 | | 270,964.17 | | 0.00 | |
| | 58 | | 1,942,084.00 | | 249,479.43 | | 99,775.07 | | 0.00 | |
| | 59 | | 2,157,289.33 | | 151,659.20 | | 57,136.84 | | 0.00 | |
| | 60 | | 3,869,289.81 | | 163,711.17 | | 160,379.01 | | 0.00 | |
| | 61 | | 2,737,552.06 | | 216,974.08 | | 98,766.26 | | 0.00 | |
| | 62 | | 1,763,139.50 | | 95,500.64 | | 49,411.78 | | 0.00 | |
| | 63 | | 2,010,873.07 | | 84,674.64 | | 76,300.20 | | 0.00 | |
| | 64 | | 1,563,974.70 | | 111,968.69 | | 51,013.53 | | 0.00 | |
| | 65 | | 2,213,538.58 | | 899,681.76 | | 48,585.85 | | 0.00 | |
| | 66 | | 0.00 | | 1,341,390.34 | | 1,234,823.39 | | 0.00 | |
| | 67 | | 0.00 | | 0.00 | | 514,097.57 | | 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 | | 1,081,991,990.02 | | 207,509,522.56 | | 135,793,686.90 | | 0.00 | |
Discount Rate | | | | 6.250 | % | 6.250 | % | 6.250 | % | 6.250 | % |
Beginning Contract Value | | | | 1,003,248,367.24 | | 185,519,375.22 | | 120,471,551.65 | | 0.00 | |
Scheduled Contract Value Decline | | | | 36,481,685.65 | | 2,526,537.62 | | 1,564,409.55 | | 0.00 | |
Unscheduled Contract Value Decline | | | | 6,503,165.65 | | 1,082,151.44 | | 242,782.74 | | 0.00 | |
Additional Contract Value Added | | 1,499,999,998.84 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
Ending Contract Value | | | | 960,263,515.94 | | 181,910,686.16 | | 118,664,359.36 | | 0.00 | |
1
CNH Equipment Trust 2004-A
$335,000,000 Class A-1 2.0008% Asset Backed Notes due October 14, 2005
$318,000,000 Class A-2 2.42% Asset Backed Notes due March 15, 2007
$247,000,000 Class A-3a Floating-Rate Asset Backed Notes due October 15, 2008
$223,000,000 Class A-3b 2.94% Asset Backed Notes due October 15, 2008
$165,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2011
$142,250,000 Class A-4b 3.47% Asset Backed Notes due September 15, 2011
$45,000,000 Class B 3.31% Asset Backed Notes due September 15, 2011
$26,250,000 3.31% Asset Backed Certificates
Dated Date (30/360) | | | | 3/15/2005 | | | | | | | |
Dated Date (act/360) | | | | 3/15/2005 | | | | | | | |
Scheduled Payment Date | | | | 4/15/2005 | | | | | | | |
Actual Payment Date | | | | 4/15/2005 | | | | | | | |
Days in accrual period (30/360) | | | | 30 | | | | | | | |
Days in accrual period (act/360) | | | | 31 | | | | | | | |
1 month LIBOR Rate | | | | 2.81000 | % | | | | | | |
| | | | | | | | | | | |
Collateral Summary | | | | | | | | | | | |
Wtd. Average Discount Rate | | | | 6.250 | % | | | | | | |
Beginning Contract Value | | | | 1,309,239,294.11 | | | | | | | |
Scheduled Contract Value Decline | | | | 40,572,632.82 | | | | | | | |
Unscheduled Contract Value Decline | | | | 7,828,099.83 | | | | | | | |
Additional Contract Value Purchased | | | | 0.00 | | | | | | | |
Ending Contract Value | | | | 1,260,838,561.46 | | | | | | | |
| | | | | | | | | | | |
Beginning Pre-funding Account Balance | | | | 1.16 | | | | | | | |
Ending Pre-funding Account Balance | | | | 1.16 | | | | | | | |
| | | | | | | | | | | |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) | | | | 1,309,239,295.28 | | | | | | | |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) | | | | 1,260,838,562.62 | | | | | | | |
| | | | | | | | | | | |
Collateral Performance | | | | | | | | | | | |
Scheduled Amounts 30 - 59 days past due | | | | $ | 621,679.39 | | 0.05 | % | | | | |
Scheduled Amounts 60 days or more past due | | | | $ | 489,440.79 | | 0.04 | % | | | | |
Net Losses on Liquidated Receivables | | | | $ | (27,501.24 | ) | 0.00 | % | | | | |
Cumulative Net Losses | | | | $ | 689,783.06 | | | | | | | |
Number of Loans at Beginning of Period | | | | 56,475 | | | | | | | |
Number of Loans at End of Period | | | | 55,747 | | | | | | | |
Repossessed Equipment not Sold or Reassigned (Beginning) | | | | $ | 738,137.41 | | | | | | | |
Repossessed Equipment not Sold or Reassigned (End) | | | | $ | 569,705.12 | | | | | | | |
| | | | | | | | | | | |
Collections and Reinvestment Income | | | | | | | | | | | |
Receipts During the period | | | | $ | 55,440,264.96 | | | | | | | |
| | | | | | | | | | | |
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 | | | | $ | 55,440,264.96 | | | | | | | |
| | | | | | | | | | | |
Reinvestment Income (excluding Pre-funding Account) | | | | $ | 157,772.53 | | | | | | | |
Reinvestment Income on Pre-funding Account) | | | | $ | 0.00 | | | | | | | |
| | | | | | | | | | | |
Net Swap Receipts | | | | $ | 3,842.22 | | | | | | | |
Net Swap Termination Payments due Trust from the Swap CounterParty | | | | $ | 0.00 | | | | | | | |
| | | | | | | | | | | |
Total Collections + Reinvestment Income For The Period + Swap Receipt | | | | $ | 55,601,879.71 | | | | | | | |
| | | | | | | | | | | |
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 2004-A
$335,000,000 Class A-1 2.0008% Asset Backed Notes due October 14, 2005
$318,000,000 Class A-2 2.42% Asset Backed Notes due March 15, 2007
$247,000,000 Class A-3a Floating-Rate Asset Backed Notes due October 15, 2008
$223,000,000 Class A-3b 2.94% Asset Backed Notes due October 15, 2008
$165,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2011
$142,250,000 Class A-4b 3.47% Asset Backed Notes due September 15, 2011
$45,000,000 Class B 3.31% Asset Backed Notes due September 15, 2011
$26,250,000 3.31% Asset Backed Certificates
Actual Payment Date | | | | 4/15/2005 | | | | | | | |
| | | | | | | | | | | |
Caclulation of Distributable Amounts | | | | | | | | | | | |
| | | | | | | | | | | |
Backup Servicer Engaged? | | | | YES | | | | | | | |
Current Backup Servicing Fee Due | | | | $ | 21,820.65 | | | | | | | |
Past Due Backup Servicing Fee | | | | $ | 0.00 | | | | | | | |
Total Backup Servicing Fee Due | | | | $ | 21,820.65 | | | | | | | |
| | | | | | | | | | | |
CNH or SST? | | | | CNH | | | | | | | |
Current Servicing Fee Due | | | | $ | 1,091,032.75 | | | | | | | |
Past Due Servicing Fee | | | | $ | 0.00 | | | | | | | |
Total Servicing Fee Due | | | | $ | 1,091,032.75 | | | | | | | |
| | | | | | | | | | | |
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) | | | | $ | 1,309,239,295.28 | | | | | | | |
A-1 notes Beginning Principal balance | | | | $ | 148,462,116.42 | | | | | | | |
A-2 notes Beginning Principal balance | | | | $ | 318,000,000.00 | | | | | | | |
A-3a notes Beginning Principal balance | | | | $ | 247,000,000.00 | | | | | | | |
A-3b notes Beginning Principal balance | | | | $ | 223,000,000.00 | | | | | | | |
A-4a notes Beginning Principal balance | | | | $ | 165,000,000.00 | | | | | | | |
A-4b notes Beginning Principal balance | | | | $ | 142,250,000.00 | | | | | | | |
B notes Beginning Principal balance | | | | $ | 39,277,178.86 | | | | | | | |
Certificate Beginning Principal balance | | | | $ | 26,250,000.00 | | | | | | | |
| | | | | | | | | | | | |
| | | | Coupon/ | | Swap Adj. | | | | | | | | | | | |
| | Type | | Spread | | Coupon | | Daycount | | | | | | | | | |
A-1 notes Current Interest Due | | Fix | | 2.00080 | % | 2.00080 | % | act/360 | | $ | 255,787.03 | | | | | | | |
A-2 notes Current Interest Due | | Fix | | 2.42000 | % | 2.42000 | % | 30/360 | | $ | 641,300.00 | | | | | | | |
A-3a notes Current Interest Due | | Flt | | 0.07000 | % | 2.95500 | % | act/360 | | $ | 612,560.00 | | | | | | | |
A-3b notes Current Interest Due | | Fix | | 2.94000 | % | 2.94000 | % | 30/360 | | $ | 546,350.00 | | | | | | | |
A-4a notes Current Interest Due | | Flt | | 0.11000 | % | 3.50000 | % | act/360 | | $ | 414,883.33 | | | | | | | |
A-4b notes Current Interest Due | | Fix | | 3.48000 | % | 3.48000 | % | 30/360 | | $ | 412,525.00 | | | | | | | |
B notes Current Interest Due | | Fix | | 3.31000 | % | 3.31000 | % | 30/360 | | $ | 108,339.55 | | | | | | | |
Certificate Current Interest Due | | Fix | | 3.31000 | % | 3.31000 | % | 30/360 | | $ | 72,406.25 | | | | | | | |
| | | | | | | | | | | |
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 | | | | $ | 255,787.03 | | | | | | | |
A-2 notes Total Interest Due | | | | $ | 641,300.00 | | | | | | | |
A-3a notes Total Interest Due | | | | $ | 612,560.00 | | | | | | | |
A-3b notes Total Interest Due | | | | $ | 546,350.00 | | | | | | | |
A-4a notes Total Interest Due | | | | $ | 414,883.33 | | | | | | | |
A-4b notes Total Interest Due | | | | $ | 412,525.00 | | | | | | | |
B notes Total Interest Due | | | | $ | 108,339.55 | | | | | | | |
Certificate Total Interest Due | | | | $ | 72,406.25 | | | | | | | |
| | | | | | | | | | | | |
| | 1 Month LIBOR | | | | | | | | | | |
| | Fixed Coupon | | | | | | | | | | |
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 | | 2.88500 | % | | $ | 0.00 | | | | | | | |
A-3b Net Swap Payment Due | | 0.00000 | % | | $ | 0.00 | | | | | | | |
A-4a Net Swap Payment Due | | 3.39000 | % | | $ | 66,870.83 | | | | | | | |
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 | | | | $ | 66,870.83 | | | | | | | |
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 | | | | $ | 3,842.22 | | | | | | | |
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 | | | | $ | 46,948,710.67 | | | | | | | |
A-2 notes Principal Due | | | | $ | 0.00 | | | | | | | |
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 Floor | | 3.3120 | % | | | $ | 16,949,017.65 | | | | | | | |
Class B notes Principal Due | | | | $ | 1,452,021.99 | | | | | | | |
Reallocated Class B Principal | | | | $ | 0.00 | | | | | | | |
| | | | | | | | | | | |
Certificate Principal Due | | | | $ | 0.00 | | | | | | | |
| | | | | | | | | | | |
Total notes Interest Due | | | | $ | 2,991,744.91 | | | | | | | |
Total notes Principal Due | | | | $ | 48,400,732.66 | | | | | | | |
Net Swap/Termination Payment Due | | | | $ | 63,028.61 | | | | | | | |
Total notes Distributable Amount | | | | $ | 51,455,506.19 | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | |
3
CNH Equipment Trust 2004-A
$335,000,000 Class A-1 2.0008% Asset Backed Notes due October 14, 2005
$318,000,000 Class A-2 2.42% Asset Backed Notes due March 15, 2007
$247,000,000 Class A-3a Floating-Rate Asset Backed Notes due October 15, 2008
$223,000,000 Class A-3b 2.94% Asset Backed Notes due October 15, 2008
$165,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2011
$142,250,000 Class A-4b 3.47% Asset Backed Notes due September 15, 2011
$45,000,000 Class B 3.31% Asset Backed Notes due September 15, 2011
$26,250,000 3.31% Asset Backed Certificates
Actual Payment Date | | | | 4/15/2005 | | | | | | | |
| | | | | | | | | | | |
Cash Available for Distribution | | | | | | | | | | | |
Total Collections + Reinvestment Income For The Period | | | | $ | 55,601,879.71 | | | | | | | |
| | | | | | | | | | | |
Beginning Negitive Carry Account | | | | $ | 0.00 | | | | | | | |
Deposits from Negitive Carry Account to Distribution Account | | | | $ | 0.00 | | | | | | | |
| | | | | | | | | | | |
Beginning Spread Account Balance | | | | $ | 32,730,982.35 | | | | | | | |
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 | | | | $ | 55,601,879.71 | | | | | | | |
| | | | | | Available Cash | | | | | |
Cash Allocation (Cashflow Waterfall) | | | | | | | | | | | |
Backup Servicing Fee Paid | | | | $ | 21,820.65 | | | | | | | |
Backup Servicing Fee Shortfall | | | | $ | 0.00 | | | | | | | |
| | | | | | 55,580,059.06 | | | | | |
Servicing Fee Paid | | | | $ | 1,091,032.75 | | | | | | | |
Servicing Fee Shortfall | | | | $ | 0.00 | | | | | | | |
| | | | | | $ | 54,489,026.31 | | | | | |
Administration Fee Paid | | | | $ | 166.67 | | | | | | | |
Administration Fee Shortfall | | | | $ | 0.00 | | | | | | | |
| | | | | | $ | 54,488,859.64 | | | | | |
Net Swap Payment Paid | | | | $ | 66,870.83 | | | | | | | |
Net Swap Payment Shortfall | | | | $ | 0.00 | | | | | | | |
| | | | | | | | | | | |
Remaining Cash Available to Pay Note Interest & Swap Termination Payment | | | | | | $ | 54,421,988.81 | | | | | |
| | | | | | | | | | | |
Cash Available to Pay Note Interest | | | | $ | 54,421,988.81 | | | | | | | |
Cash Available to Pay Termination Payment | | | | $ | 0.00 | | | | | | | |
| | | | | | | | | | | |
Class A-1 notes Interest Paid | | | | $ | 255,787.03 | | | | | | | |
Class A-2 notes Interest Paid | | | | $ | 641,300.00 | | | | | | | |
Class A-3a notes Interest Paid | | | | $ | 612,560.00 | | | | | | | |
Class A-3b notes Interest Paid | | | | $ | 546,350.00 | | | | | | | |
Class A-4a notes Interest Paid | | | | $ | 414,883.33 | | | | | | | |
Class A-4b notes Interest Paid | | | | $ | 412,525.00 | | | | | | | |
| | | | | | $ | 51,538,583.45 | | | | | |
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 | | | | | | | |
| | | | | | $ | 51,538,583.45 | | | | | |
Class B notes Interest Paid | | | | $ | 108,339.55 | | | | | | | |
Class B notes Interest Shortfall | | | | $ | 0.00 | | | | | | | |
| | | | | | $ | 51,430,243.89 | | | | | |
Class A-1 notes Principal Paid | | | | $ | 46,948,710.67 | | | | | | | |
Class A-2 notes Principal Paid | | | | $ | 0.00 | | | | | | | |
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 | | | | $ | 1,452,021.99 | | | | | | | |
| | | | | | $ | 3,029,511.23 | | | | | |
Remaining Class B Principal Reallocation Amount | | | | $ | 0.00 | | | | | | | |
Reallocated Class A-1 notes Principal Paid | | | | $ | 0.00 | | | | | | | |
Remaining Class B Principal Reallocation Amount | | | | $ | 0.00 | | $ | 3,029,511.23 | | | | | |
Reallocated Class A-2 notes Principal Paid | | | | $ | 0.00 | | | | | | | |
Remaining Class B Principal Reallocation Amount | | | | $ | 0.00 | | $ | 3,029,511.23 | | | | | |
Reallocated Class A-3a notes Principal Paid | | | | $ | 0.00 | | | | | | | |
Reallocated Class A-3b notes Principal Paid | | | | $ | 0.00 | | | | | | | |
Remaining Class B Principal Reallocation Amount | | | | $ | 0.00 | | $ | 3,029,511.23 | | | | | |
Reallocated Class A-4a notes Principal Paid | | | | $ | 0.00 | | | | | | | |
Reallocated Class A-4b notes Principal Paid | | | | $ | 0.00 | | | | | | | |
Remaining Class B Principal Reallocation Amount | | | | $ | 0.00 | | $ | 3,029,511.23 | | | | | |
| | | | | | | | | | | |
Deposits to Spread Account | | | | $ | 0.00 | | | | | | | |
| | | | | | $ | 3,029,511.23 | | | | | |
Certificate Interest Paid | | | | $ | 72,406.25 | | | | | | | |
Certificate Interest Shortfall | | | | $ | 0.00 | | | | | | | |
| | | | | | $ | 2,957,104.98 | | | | | |
Certificate Principal Paid | | | | $ | 0.00 | | | | | | | |
| | | | | | $ | 2,957,104.98 | | | | | |
Total Principal Balance of Notes and Certificates (End of Period) | | | | $ | 1,260,838,562.62 | | | | | | | |
A-1 notes Ending Principal balance | | | | $ | 101,513,405.75 | | | | | | | |
A-2 notes Ending Principal balance | | | | $ | 318,000,000.00 | | | | | | | |
A-3a notes Ending Principal balance | | | | $ | 247,000,000.00 | | | | | | | |
A-3b notes Ending Principal balance | | | | $ | 223,000,000.00 | | | | | | | |
A-4a notes Ending Principal balance | | | | $ | 165,000,000.00 | | | | | | | |
A-4b notes Ending Principal balance | | | | $ | 142,250,000.00 | | | | | | | |
B notes Ending Principal balance | | | | $ | 37,825,156.87 | | | | | | | |
Certificate Ending Principal balance | | | | $ | 26,250,000.00 | | | | | | | |
| | | | | | | | | | | |
Release to Seller as Excess | | | | $ | 2,957,104.98 | | $ | 2,957,104.98 | | | | | |
4
CNH Equipment Trust 2004-A
$335,000,000 Class A-1 2.0008% Asset Backed Notes due October 14, 2005
$318,000,000 Class A-2 2.42% Asset Backed Notes due March 15, 2007
$247,000,000 Class A-3a Floating-Rate Asset Backed Notes due October 15, 2008
$223,000,000 Class A-3b 2.94% Asset Backed Notes due October 15, 2008
$165,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2011
$142,250,000 Class A-4b 3.47% Asset Backed Notes due September 15, 2011
$45,000,000 Class B 3.31% Asset Backed Notes due September 15, 2011
$26,250,000 3.31% Asset Backed Certificates
Actual Payment Date | | | | 4/15/2005 | | | | | | | |
| | | | | | | | | | | |
| | | | Amount | | Factor | | Per/$1000 | | | |
Summary and Factors | | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (Beginning of Period) | | | | $ | 1,309,239,295.28 | | 0.8728262 | | $ | 872.83 | | | |
A-1 notes Beginning Principal balance | | | | $ | 148,462,116.42 | | 0.4451638 | | $ | 445.16 | | | |
A-2 notes Beginning Principal balance | | | | $ | 318,000,000.00 | | 1.0000000 | | $ | 1,000.00 | | | |
A-3a notes Beginning Principal balance | | | | $ | 247,000,000.00 | | 1.0000000 | | $ | 1,000.00 | | | |
A-3b notes Beginning Principal balance | | | | $ | 223,000,000.00 | | 1.0000000 | | $ | 1,000.00 | | | |
A-4a notes Beginning Principal balance | | | | $ | 165,000,000.00 | | 1.0000000 | | $ | 1,000.00 | | | |
A-4b notes Beginning Principal balance | | | | $ | 142,250,000.00 | | 1.0000000 | | $ | 1,000.00 | | | |
B notes Beginning Principal balance | | | | $ | 39,277,178.86 | | 0.8728262 | | $ | 872.83 | | | |
Certificate Beginning Principal balance | | | | $ | 26,250,000.00 | | 1.0000000 | | $ | 1,000.00 | | | |
| | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (End of Period) | | | | $ | 1,260,838,562.62 | | 0.8405590 | | $ | 840.56 | | | |
A-1 notes Ending Principal balance | | | | $ | 333,500,000.00 | | | | $ | 101,513,405.75 | | 0.3043880 | | $ | 304.39 | | | |
A-2 notes Ending Principal balance | | Pro rata % | | $ | 318,000,000.00 | | | | $ | 318,000,000.00 | | 1.0000000 | | $ | 1,000.00 | | | |
A-3a notes Ending Principal balance | | 52.55 | % | $ | 247,000,000.00 | | | | $ | 247,000,000.00 | | 1.0000000 | | $ | 1,000.00 | | | |
A-3b notes Ending Principal balance | | 47.45 | % | $ | 223,000,000.00 | | | | $ | 223,000,000.00 | | 1.0000000 | | $ | 1,000.00 | | | |
A-4a notes Ending Principal balance | | 53.70 | % | $ | 165,000,000.00 | | | | $ | 165,000,000.00 | | 1.0000000 | | $ | 1,000.00 | | | |
A-4b notes Ending Principal balance | | 46.30 | % | $ | 142,250,000.00 | | 95.25 | % | $ | 142,250,000.00 | | 1.0000000 | | $ | 1,000.00 | | | |
B notes Ending Principal balance | | | | $ | 45,000,000.00 | | 3.00 | % | $ | 37,825,156.87 | | 0.8405590 | | $ | 840.56 | | | |
Certificate Ending Principal balance | | | | $ | 26,250,000.00 | | 1.75 | % | $ | 26,250,000.00 | | 1.0000000 | | $ | 1,000.00 | | | |
| | | | | | | | | | | |
Class A-1 notes Interest Paid | | | | $ | 255,787.03 | | 0.0007670 | | $ | 0.77 | | | |
Class A-2 notes Interest Paid | | | | $ | 641,300.00 | | 0.0020167 | | $ | 2.02 | | | |
Class A-3a notes Interest Paid | | | | $ | 612,560.00 | | 0.0024800 | | $ | 2.48 | | | |
Class A-3b notes Interest Paid | | | | $ | 546,350.00 | | 0.0024500 | | $ | 2.45 | | | |
Class A-4a notes Interest Paid | | | | $ | 414,883.33 | | 0.0025144 | | $ | 2.51 | | | |
Class A-4b notes Interest Paid | | | | $ | 412,525.00 | | 0.0029000 | | $ | 2.90 | | | |
Class B notes Interest Paid | | | | $ | 108,339.55 | | 0.0024075 | | $ | 2.41 | | | |
Certificate Interest Paid | | | | $ | 72,406.25 | | 0.0027583 | | $ | 2.76 | | | |
| | | | | | | | | | | |
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 | | | | $ | 46,948,710.67 | | 0.1407757 | | $ | 140.78 | | | |
Class A-2 notes Principal Paid | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | | | |
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 | | | | $ | 1,452,021.99 | | 0.0322672 | | $ | 32.27 | | | |
Certificate Principal Paid | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | | | |
| | | | | | | | | | | |
Negative Carry Account | | | | | | | | | | | |
Negative Carry | | 1.00000 | % | 9/22/2004 | | | | 1.8411 | % | | | | | | |
Negative Carry Days Remaining | | | | 12/15/2004 | | | | 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 Deposit (Add Loans) | | 2.00 | % | | | $ | 0.00 | | | | | | | |
Required Spread Account Target | | 2.50 | % | | | $ | 31,520,964.04 | | | | | | | |
Required Spread Account Floor | | 2.00 | % | | | $ | 29,999,999.98 | | | | | | | |
Required Spread Account | | | | $ | 31,520,964.04 | | | | | | | |
Beginning Spread Account Balance | | | | $ | 32,730,982.35 | | | | | | | |
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 | | | | $ | 1,210,018.32 | | | | | | | |
Ending Spread Account Balance | | | | $ | 31,520,964.04 | | | | | | | |
| | | | | | | | | | | |
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 | | | | $ | 1.16 | | | | | | | |
New Contract Value Purchased | | | | $ | 0.00 | | | | | | | |
Deposits to Spread Account | | | | $ | 0.00 | | | | | | | |
Deposits to Principal Supplement Account | | | | $ | 0.00 | | | | | | | |
Ending Pre-funding Account Balance | | | | $ | 1.16 | | | | | | | |
Release to seller | | | | $ | 0.00 | | | | | | | |
| | | | | | | | | | | |
Total Release to Seller | | | | $ | 5,258,322.72 | | | | | | | |
| | | | | | | | | | | | | | | | | | | |
5