Exhibit 20.1
CNH Equipment Trust 2005-A
$330,000,000 Class A-1 3.08% Asset Backed Notes due April 7, 2006
$400,000,000 Class A-2 3.64% Asset Backed Notes due September 17, 2007
$340,000,000 Class A-3 4.02% Asset Backed Notes due April 15, 2009
$135,250,000 Class A-4a Floating-Rate Asset Backed Notes due June 15, 2012
$135,250,000 Class A-4b 4.29% Asset Backed Notes due June 15, 2012
$38,500,000 Class B 4.29% Asset Backed Notes due June 15, 2012
$21,000,000 4.29% 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 |
|
|
| 4 |
| 4 |
| 4 |
| 4 |
|
Cutoff Date |
| 6/30/2005 |
| ||||||
Date Added |
| 2/28/2005 |
| 3/31/2005 |
| 4/30/2005 |
| 5/31/2005 |
|
Pool |
| Pool 1 |
| Pool 2 |
| Pool 3 |
| Pool 4 |
|
Scheduled Cashflows |
| 6,356,745.87 |
| 301,941.22 |
| 571,378.69 |
| 446,606.19 |
|
|
| 18,123,877.30 |
| 1,707,351.48 |
| 2,537,507.08 |
| 2,419,414.31 |
|
|
| 19,986,193.88 |
| 2,213,052.89 |
| 2,794,715.34 |
| 2,843,391.72 |
|
|
| 29,178,265.46 |
| 2,715,307.29 |
| 3,369,889.09 |
| 2,771,025.90 |
|
|
| 30,676,513.81 |
| 1,963,924.71 |
| 3,397,818.78 |
| 3,050,983.09 |
|
|
| 37,246,211.11 |
| 2,091,795.66 |
| 3,036,817.44 |
| 3,376,964.69 |
|
|
| 47,847,572.06 |
| 2,374,292.55 |
| 3,575,714.76 |
| 3,183,767.31 |
|
|
| 30,864,084.86 |
| 2,325,541.38 |
| 3,067,824.96 |
| 2,992,834.35 |
|
|
| 20,619,795.55 |
| 7,299,351.10 |
| 2,657,697.37 |
| 2,652,915.63 |
|
|
| 15,624,960.49 |
| 12,747,430.31 |
| 11,238,028.41 |
| 2,678,562.11 |
|
|
| 14,975,389.50 |
| 2,165,645.01 |
| 13,749,315.85 |
| 8,459,107.18 |
|
|
| 14,087,377.43 |
| 1,915,857.61 |
| 2,700,542.51 |
| 11,141,551.04 |
|
|
| 15,066,001.67 |
| 1,904,002.89 |
| 2,691,734.78 |
| 2,583,619.75 |
|
|
| 14,081,031.66 |
| 1,863,429.12 |
| 2,706,659.18 |
| 2,597,480.05 |
|
|
| 13,841,260.07 |
| 2,158,385.69 |
| 2,688,636.84 |
| 2,564,860.50 |
|
|
| 21,022,777.11 |
| 2,602,599.41 |
| 3,171,500.57 |
| 2,587,794.27 |
|
|
| 23,488,223.39 |
| 1,881,973.19 |
| 3,194,667.20 |
| 2,847,599.21 |
|
|
| 29,758,438.22 |
| 1,998,653.46 |
| 2,864,362.87 |
| 3,112,616.21 |
|
|
| 39,180,006.32 |
| 2,274,320.08 |
| 3,487,223.24 |
| 3,020,701.37 |
|
|
| 23,807,371.99 |
| 2,229,414.47 |
| 2,848,146.59 |
| 2,742,593.83 |
|
|
| 14,827,743.98 |
| 7,056,528.70 |
| 2,523,991.20 |
| 2,457,326.78 |
|
|
| 9,023,189.66 |
| 12,094,235.15 |
| 10,738,532.12 |
| 2,503,710.39 |
|
|
| 8,642,948.55 |
| 1,937,629.68 |
| 13,264,238.81 |
| 7,804,373.49 |
|
|
| 8,506,451.64 |
| 1,675,769.98 |
| 2,411,645.07 |
| 10,702,781.05 |
|
|
| 8,834,557.31 |
| 1,633,848.27 |
| 2,404,772.47 |
| 2,383,762.57 |
|
|
| 8,403,927.48 |
| 1,585,296.01 |
| 2,421,935.43 |
| 2,325,612.95 |
|
|
| 8,389,344.54 |
| 1,869,552.62 |
| 2,389,737.43 |
| 2,352,761.66 |
|
|
| 13,257,678.14 |
| 2,229,697.60 |
| 2,804,912.61 |
| 2,371,198.56 |
|
|
| 17,864,137.22 |
| 1,616,980.47 |
| 2,887,806.47 |
| 2,612,217.12 |
|
|
| 26,291,421.68 |
| 1,697,238.45 |
| 2,570,905.27 |
| 2,885,520.17 |
|
|
| 35,168,790.79 |
| 1,999,782.32 |
| 3,132,795.88 |
| 2,782,685.90 |
|
|
| 21,027,105.47 |
| 2,162,687.85 |
| 2,532,324.38 |
| 2,443,759.08 |
|
|
| 12,148,628.50 |
| 6,751,765.25 |
| 2,243,243.65 |
| 2,276,239.63 |
|
|
| 6,395,467.08 |
| 11,519,880.24 |
| 10,288,711.84 |
| 2,316,679.16 |
|
|
| 5,951,053.30 |
| 1,475,113.94 |
| 12,536,663.82 |
| 7,462,386.96 |
|
|
| 5,833,376.33 |
| 1,172,930.83 |
| 1,587,897.44 |
| 9,950,592.51 |
|
|
| 6,015,190.05 |
| 1,102,416.36 |
| 1,529,853.18 |
| 1,611,505.11 |
|
|
| 5,669,544.92 |
| 1,106,407.37 |
| 1,519,501.60 |
| 1,533,236.03 |
|
|
| 5,508,285.19 |
| 1,390,622.02 |
| 1,443,928.08 |
| 1,446,623.11 |
|
|
| 9,697,272.26 |
| 1,585,870.28 |
| 1,824,160.18 |
| 1,561,769.57 |
|
|
| 14,006,628.80 |
| 1,134,026.89 |
| 1,961,199.15 |
| 1,686,647.50 |
|
|
| 21,186,318.87 |
| 1,239,957.06 |
| 1,720,718.49 |
| 2,024,493.66 |
|
|
| 27,396,530.58 |
| 1,490,263.73 |
| 2,221,302.25 |
| 1,872,116.92 |
|
|
| 15,498,612.10 |
| 1,484,882.98 |
| 1,742,078.98 |
| 1,675,204.69 |
|
|
| 8,284,067.08 |
| 5,001,991.49 |
| 1,558,269.07 |
| 1,508,126.42 |
|
|
| 4,028,967.79 |
| 8,228,424.09 |
| 7,191,523.36 |
| 1,565,398.88 |
|
|
| 3,644,190.75 |
| 962,454.77 |
| 8,801,733.39 |
| 5,270,411.00 |
|
|
| 3,343,477.57 |
| 792,997.13 |
| 1,067,536.76 |
| 6,743,484.25 |
|
|
| 3,657,104.44 |
| 748,449.01 |
| 1,042,239.28 |
| 1,121,707.37 |
|
|
| 3,465,517.54 |
| 749,888.58 |
| 1,039,592.83 |
| 1,039,811.23 |
|
|
| 3,366,601.30 |
| 973,423.21 |
| 968,563.10 |
| 979,413.27 |
|
|
| 6,979,614.25 |
| 1,126,362.04 |
| 1,254,981.81 |
| 1,096,434.64 |
|
|
| 11,086,703.95 |
| 752,645.99 |
| 1,454,560.85 |
| 1,143,358.75 |
|
|
| 16,170,642.48 |
| 949,055.37 |
| 1,037,459.31 |
| 1,546,535.86 |
|
|
| 22,987,434.48 |
| 1,537,642.37 |
| 2,113,467.40 |
| 1,427,451.63 |
|
|
| 10,957,233.44 |
| 1,110,573.92 |
| 1,271,765.86 |
| 1,721,322.57 |
|
|
| 4,571,543.11 |
| 3,759,296.82 |
| 1,193,019.89 |
| 1,037,476.46 |
|
|
| 760,149.95 |
| 6,182,946.02 |
| 5,789,317.59 |
| 1,090,253.78 |
|
|
| 451,494.58 |
| 285,191.72 |
| 6,965,950.78 |
| 4,039,820.96 |
|
|
| 306,935.72 |
| 68,565.59 |
| 196,914.99 |
| 5,388,796.55 |
|
|
| 439,071.68 |
| 46,408.09 |
| 141,904.98 |
| 272,795.70 |
|
|
| 358,194.82 |
| 66,599.90 |
| 160,198.39 |
| 101,201.36 |
|
|
| 318,264.59 |
| 89,249.53 |
| 96,089.53 |
| 91,724.53 |
|
|
| 786,372.54 |
| 109,057.59 |
| 121,965.24 |
| 86,912.62 |
|
|
| 1,764,200.31 |
| 80,617.69 |
| 234,437.26 |
| 121,625.39 |
|
|
| 2,395,407.55 |
| 94,122.07 |
| 104,256.41 |
| 188,085.83 |
|
|
| 4,816,570.29 |
| 135,834.25 |
| 320,793.53 |
| 1,424,728.62 |
|
|
| 2,216,122.69 |
| 82,176.55 |
| 149,875.28 |
| 152,220.75 |
|
|
| 692,291.67 |
| 771,301.39 |
| 99,477.58 |
| 121,925.43 |
|
|
| 0.00 |
| 1,047,984.90 |
| 1,105,666.46 |
| 86,622.82 |
|
|
| 0.00 |
| 0.00 |
| 1,944,024.67 |
| 756,035.29 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 1,195,387.88 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
|
|
|
|
|
|
|
|
|
Total Amount of Scheduled Cashflow |
| 899,224,476.76 |
| 161,500,913.65 |
| 214,478,622.95 |
| 188,436,663.12 |
|
Discount Rate |
| 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % |
Beginning Contract Value |
| 816,912,746.76 |
| 141,703,873.46 |
| 187,343,345.47 |
| 164,599,049.57 |
|
Scheduled Contract Value Decline |
| 20,877,288.70 |
| 1,213,162.59 |
| 1,945,884.50 |
| 1,844,035.60 |
|
Unscheduled Contract Value Decline |
| 3,055,005.18 |
| 1,138,049.59 |
| 738,240.08 |
| 806,034.40 |
|
Additional Contract Value Added |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
| 792,980,452.88 |
| 139,352,661.28 |
| 184,659,220.89 |
| 161,948,979.56 |
|
1
CNH Equipment Trust 2005-A
$330,000,000 Class A-1 3.08% Asset Backed Notes due April 7, 2006
$400,000,000 Class A-2 3.64% Asset Backed Notes due September 17, 2007
$340,000,000 Class A-3 4.02% Asset Backed Notes due April 15, 2009
$135,250,000 Class A-4a Floating-Rate Asset Backed Notes due June 15, 2012
$135,250,000 Class A-4b 4.29% Asset Backed Notes due June 15, 2012
$38,500,000 Class B 4.29% Asset Backed Notes due June 15, 2012
$21,000,000 4.29% Asset Backed Certificates
Dated Date (30/360) |
| 6/15/2005 |
|
|
| |
Dated Date (act/360) |
| 6/15/2005 |
|
|
| |
Scheduled Payment Date |
| 7/15/2005 |
|
|
| |
Actual Payment Date |
| 7/15/2005 |
|
|
| |
Days in accrual period (30/360) |
| 30 |
|
|
| |
Days in accrual period (act/360) |
| 30 |
|
|
| |
1 month LIBOR Rate |
| 3.22000 | % |
|
| |
|
|
|
|
|
| |
Collateral Summary |
|
|
|
|
| |
Wtd. Average Discount Rate |
| 6.750 | % |
|
| |
Beginning Contract Value |
| 1,310,559,015.26 |
|
|
| |
Scheduled Contract Value Decline |
| 25,880,371.39 |
|
|
| |
Unscheduled Contract Value Decline |
| 5,737,329.25 |
|
|
| |
Additional Contract Value Purchased |
| 0.00 |
|
|
| |
Ending Contract Value |
| 1,278,941,314.61 |
|
|
| |
|
|
|
|
|
| |
Beginning Pre-funding Account Balance |
| 0.22 |
|
|
| |
Ending Pre-funding Account Balance |
| 0.00 |
|
|
| |
|
|
|
|
|
| |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) |
| 1,310,559,015.47 |
|
|
| |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) |
| 1,278,941,314.61 |
|
|
| |
|
|
|
|
|
| |
Collateral Performance |
|
|
|
|
| |
Scheduled Amounts 30 - 59 days past due |
| $ | 595,672.96 |
| 0.05 | % |
Scheduled Amounts 60 days or more past due |
| $ | 358,311.36 |
| 0.03 | % |
Net Losses on Liquidated Receivables |
| $ | 86,406.96 |
| 0.01 | % |
Cumulative Net Losses |
| $ | 173,864.59 |
|
|
|
Number of Loans at Beginning of Period |
| 57,320 |
|
|
| |
Number of Loans at End of Period |
| 55,426 |
|
|
| |
Repossessed Equipment not Sold or Reassigned (Beginning) |
| $ | 51,267.40 |
|
|
|
Repossessed Equipment not Sold or Reassigned (End) |
| $ | 125,440.05 |
|
|
|
|
|
|
|
|
| |
Collections and Reinvestment Income |
|
|
|
|
| |
Receipts During the period |
| $ | 38,891,178.63 |
|
|
|
|
|
|
|
|
| |
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 |
| $ | 38,891,178.63 |
|
|
|
|
|
|
|
|
| |
Reinvestment Income (excluding Pre-funding Account) |
| $ | 344,318.35 |
|
|
|
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 |
| $ | 39,235,496.98 |
|
|
|
|
|
|
|
|
| |
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 2005-A
$330,000,000 Class A-1 3.08% Asset Backed Notes due April 7, 2006
$400,000,000 Class A-2 3.64% Asset Backed Notes due September 17, 2007
$340,000,000 Class A-3 4.02% Asset Backed Notes due April 15, 2009
$135,250,000 Class A-4a Floating-Rate Asset Backed Notes due June 15, 2012
$135,250,000 Class A-4b 4.29% Asset Backed Notes due June 15, 2012
$38,500,000 Class B 4.29% Asset Backed Notes due June 15, 2012
$21,000,000 4.29% Asset Backed Certificates
Actual Payment Date |
|
|
|
|
|
|
| 7/15/2005 |
| ||
|
|
|
|
|
|
|
|
|
| ||
Caclulation of Distributable Amounts |
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
| ||
Backup Servicer Engaged? |
|
|
|
|
|
|
| YES |
| ||
Current Backup Servicing Fee Due |
|
|
|
|
|
|
| $ | 21,842.65 |
| |
Past Due Backup Servicing Fee |
|
|
|
|
|
|
| $ | 0.00 |
| |
Total Backup Servicing Fee Due |
|
|
|
|
|
|
| $ | 21,842.65 |
| |
|
|
|
|
|
|
|
|
|
| ||
CNH or SST? |
|
|
|
|
|
|
| CNH |
| ||
Current Servicing Fee Due |
|
|
|
|
|
|
| $ | 1,092,132.51 |
| |
Past Due Servicing Fee |
|
|
|
|
|
|
| $ | 0.00 |
| |
Total Servicing Fee Due |
|
|
|
|
|
|
| $ | 1,092,132.51 |
| |
|
|
|
|
|
|
|
|
|
| ||
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) |
|
|
|
|
|
|
| $ | 1,310,559,015.48 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 243,018,642.55 |
| |
A-2 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 400,000,000.00 |
| |
A-3b notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 340,000,000.00 |
| |
A-4a notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 135,250,000.00 |
| |
A-4b notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 135,250,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 36,040,372.93 |
| |
Certificate Beginning Principal balance |
|
|
|
|
|
|
| $ | 21,000,000.00 |
| |
|
| Type |
| Coupon/ |
| Swap Adj. |
|
|
| |
A-1 notes Current Interest Due |
| Fix |
| 3.08000 | % | 3.08000 | % | $ | 623,747.85 |
|
A-2 notes Current Interest Due |
| Fix |
| 3.64000 | % | 3.64000 | % | $ | 1,213,333.33 |
|
A-3 notes Current Interest Due |
| Fix |
| 4.02000 | % | 4.02000 | % | $ | 1,139,000.00 |
|
A-4a notes Current Interest Due |
| Flt |
| 0.04000 | % | 4.32250 | % | $ | 367,429.17 |
|
A-4b notes Current Interest Due |
| Fix |
| 4.29000 | % | 4.29000 | % | $ | 483,518.75 |
|
B notes Current Interest Due |
| Fix |
| 4.29000 | % | 4.29000 | % | $ | 128,844.33 |
|
Certificate Current Interest Due |
| Fix |
| 4.29000 | % | 4.29000 | % | $ | 75,075.00 |
|
|
|
|
|
|
|
|
|
|
| |
A-1 notes Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
A-2 notes Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
A-3 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 |
|
|
|
|
|
|
| $ | 223,510.71 |
|
|
|
|
|
|
|
|
|
|
| |
A-1 notes Interest Due on Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
A-2 notes Interest Due on Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
A-3 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 |
|
|
|
|
|
|
| $ | 799.05 |
|
|
|
|
|
|
|
|
|
|
| |
A-1 notes Total Interest Due |
|
|
|
|
|
|
| $ | 623,747.85 |
|
A-2 notes Total Interest Due |
|
|
|
|
|
|
| $ | 1,213,333.33 |
|
A-3 notes Total Interest Due |
|
|
|
|
|
|
| $ | 1,139,000.00 |
|
A-4a notes Total Interest Due |
|
|
|
|
|
|
| $ | 367,429.17 |
|
A-4b notes Total Interest Due |
|
|
|
|
|
|
| $ | 483,518.75 |
|
B notes Total Interest Due |
|
|
|
|
|
|
| $ | 128,844.33 |
|
Certificate Total Interest Due |
|
|
|
|
|
|
| $ | 299,384.76 |
|
|
|
|
|
|
| 1 Month LIBOR |
|
|
| |
A-1 Net Swap Payment Due |
|
|
|
|
| 0.00000 | % | $ | 0.00 |
|
A-2 Net Swap Payment Due |
|
|
|
|
| 0.00000 | % | $ | 0.00 |
|
A-3 Net Swap Payment Due |
|
|
|
|
| 0.00000 | % | $ | 0.00 |
|
A-4a Net Swap Payment Due |
|
|
|
|
| 4.28250 | % | $ | 119,752.60 |
|
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-3 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-3 Interest on Swap Payment Past Due |
|
|
|
|
|
|
| $ | 0.00 |
|
A-4a 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-3 Total Net Swap Payment Due |
|
|
|
|
|
|
| $ | 0.00 |
|
A-4a Total Net Swap Payment Due |
|
|
|
|
|
|
| $ | 119,752.60 |
|
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-3 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 |
|
|
|
|
|
|
| $ | 30,748,214.09 |
|
A-2 notes Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
|
A-3 notes Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
|
A-4a notes Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
|
A-4b notes Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
| |
Class B Floor |
|
|
|
|
|
|
| $ | 13,667,164.06 |
|
Class B notes Principal Due |
|
|
|
|
|
|
| $ | 869,486.78 |
|
Reallocated Class B Principal |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
| |
Certificate Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
| |
Total notes Interest Due |
|
|
|
|
|
|
| $ | 3,955,873.43 |
|
Total notes Principal Due |
|
|
|
|
|
|
| $ | 31,617,700.87 |
|
Net Swap/Termination Payment Due |
|
|
|
|
|
|
| $ | 119,752.60 |
|
Total notes Distributable Amount |
|
|
|
|
|
|
| $ | 35,693,326.90 |
|
4
CNH Equipment Trust 2005-A
$330,000,000 Class A-1 3.08% Asset Backed Notes due April 7, 2006
$400,000,000 Class A-2 3.64% Asset Backed Notes due September 17, 2007
$340,000,000 Class A-3 4.02% Asset Backed Notes due April 15, 2009
$135,250,000 Class A-4a Floating-Rate Asset Backed Notes due June 15, 2012
$135,250,000 Class A-4b 4.29% Asset Backed Notes due June 15, 2012
$38,500,000 Class B 4.29% Asset Backed Notes due June 15, 2012
$21,000,000 4.29% Asset Backed Certificates
Actual Payment Date |
| 7/15/2005 |
|
|
| |
|
|
|
|
|
| |
Cash Available for Distribution |
|
|
|
|
| |
Total Collections + Reinvestment Income For The Period |
| $ | 39,235,496.98 |
|
|
|
|
|
|
|
|
| |
Beginning Negitive Carry Account |
| $ | 0.00 |
|
|
|
Deposits from Negitive Carry Account to Distribution Account |
| $ | 0.00 |
|
|
|
|
|
|
|
|
| |
Beginning Spread Account Balance |
| $ | 32,700,835.94 |
|
|
|
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 |
|
|
|
|
|
|
|
|
| |
Beginning Pre-Funding Account Balance |
| $ | 0.22 |
|
|
|
Deposits from Pre-funding Account to Distribution Account |
| $ | 0.22 |
|
|
|
|
|
|
|
|
| |
Total Cash Available |
| $ | 39,235,497.20 |
|
|
|
|
|
|
| Available |
| ||
Cash Allocation (Cashflow Waterfall) |
|
|
|
|
| ||
Backup Servicing Fee Paid |
| $ | 21,842.65 |
|
|
| |
Backup Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| 39,213,654.55 |
| ||
Servicing Fee Paid |
| $ | 1,092,132.51 |
|
|
| |
Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 38,121,522.04 |
| |
Administration Fee Paid |
| $ | 166.67 |
|
|
| |
Administration Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 38,121,355.37 |
| |
Net Swap Payment Paid |
| $ | 119,752.60 |
|
|
| |
Net Swap Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Remaining Cash Available to Pay Note Interest & Swap Termination Payment |
|
|
| $ | 38,001,602.77 |
| |
|
|
|
|
|
| ||
Cash Available to Pay Note Interest |
| $ | 38,001,602.77 |
|
|
| |
Cash Available to Pay Termination Payment |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class A-1 notes Interest Paid |
| $ | 623,747.85 |
|
|
| |
Class A-2 notes Interest Paid |
| $ | 1,213,333.33 |
|
|
| |
Class A-3 notes Interest Paid |
| $ | 1,139,000.00 |
|
|
| |
Class A-4a notes Interest Paid |
| $ | 367,429.17 |
|
|
| |
Class A-4b notes Interest Paid |
| $ | 483,518.75 |
|
|
| |
|
|
|
| $ | 34,174,573.67 |
| |
Class A-1 notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
Class A-2 notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
Class A-3 notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
Class A-4a notes Interest Shortfall |
|
|
|
|
| ||
Class A-4b notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Swap Termination Payment Paid |
| $ | 0.00 |
|
|
| |
Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 34,174,573.67 |
| |
Class B notes Interest Paid |
| $ | 128,844.33 |
|
|
| |
Class B notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 34,045,729.34 |
| |
Class A-1 notes Principal Paid |
| $ | 30,748,214.09 |
|
|
| |
Class A-2 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-3 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 |
| $ | 869,486.78 |
|
|
| |
|
|
|
| $ | 2,428,028.47 |
| |
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 |
| $ | 2,428,028.47 |
|
Reallocated Class A-2 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Remaining Class B Principal Reallocation Amount |
| $ | 0.00 |
| $ | 2,428,028.47 |
|
Reallocated Class A-3 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Remaining Class B Principal Reallocation Amount |
| $ | 0.00 |
| $ | 2,428,028.47 |
|
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 |
| $ | 2,428,028.47 |
|
|
|
|
|
|
| ||
Deposits to Spread Account |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 2,428,028.47 |
| |
Certificate Interest Paid |
| $ | 299,384.76 |
|
|
| |
Certificate Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 2,128,643.71 |
| |
Certificate Principal Paid |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 2,128,643.71 |
| |
Total Principal Balance of Notes and Certificates (End of Period) |
| $ | 1,278,941,314.61 |
|
|
| |
A-1 notes Ending Principal balance |
| $ | 212,270,428.46 |
|
|
| |
A-2 notes Ending Principal balance |
| $ | 400,000,000.00 |
|
|
| |
A-3 notes Ending Principal balance |
| $ | 340,000,000.00 |
|
|
| |
A-4a notes Ending Principal balance |
| $ | 135,250,000.00 |
|
|
| |
A-4b notes Ending Principal balance |
| $ | 135,250,000.00 |
|
|
| |
B notes Ending Principal balance |
| $ | 35,170,886.15 |
|
|
| |
Certificate Ending Principal balance |
| $ | 21,000,000.00 |
|
|
| |
|
|
|
|
|
| ||
Release to Seller as Excess |
| $ | 2,128,643.71 |
| $ | 2,128,643.71 |
|
5
CNH Equipment Trust 2005-A
$330,000,000 Class A-1 3.08% Asset Backed Notes due April 7, 2006
$400,000,000 Class A-2 3.64% Asset Backed Notes due September 17, 2007
$340,000,000 Class A-3 4.02% Asset Backed Notes due April 15, 2009
$135,250,000 Class A-4a Floating-Rate Asset Backed Notes due June 15, 2012
$135,250,000 Class A-4b 4.29% Asset Backed Notes due June 15, 2012
$38,500,000 Class B 4.29% Asset Backed Notes due June 15, 2012
$21,000,000 4.29% Asset Backed Certificates
Actual Payment Date |
|
|
|
|
| 7/15/2005 |
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
| Amount |
| Factor |
| Per/$1000 |
| |||
Summary and Factors |
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (Beginning of Period) |
|
|
|
|
| $ | 1,310,559,015.48 |
| 0.9361136 |
| $ | 936.11 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
| $ | 243,018,642.55 |
| 0.7364201 |
| $ | 736.42 |
| |
A-2 notes Beginning Principal balance |
|
|
|
|
| $ | 400,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-3 notes Beginning Principal balance |
|
|
|
|
| $ | 340,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-4a notes Beginning Principal balance |
|
|
|
|
| $ | 135,250,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-4b notes Beginning Principal balance |
|
|
|
|
| $ | 135,250,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
| $ | 36,040,372.93 |
| 0.9361136 |
| $ | 936.11 |
| |
Certificate Beginning Principal balance |
|
|
|
|
| $ | 21,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (End of Period) |
|
|
|
|
| $ | 1,278,941,314.61 |
| 0.9135295 |
| $ | 913.53 |
| |
A-1 notes Ending Principal balance |
|
|
| $ | 330,000,000.00 |
| $ | 212,270,428.46 |
| 0.6432437 |
| $ | 643.24 |
|
A-2 notes Ending Principal balance |
| Pro rata % |
| $ | 400,000,000.00 |
| $ | 400,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
A-3 notes Ending Principal balance |
| 100.00 | % | $ | 340,000,000.00 |
| $ | 340,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
A-4a notes Ending Principal balance |
| 50.00 | % | $ | 135,250,000.00 |
| $ | 135,250,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
A-4b notes Ending Principal balance |
| 50.00 | % | $ | 135,250,000.00 |
| $ | 135,250,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
B notes Ending Principal balance |
|
|
| $ | 38,500,000.00 |
| $ | 35,170,886.15 |
| 0.9135295 |
| $ | 913.53 |
|
Certificate Ending Principal balance |
|
|
| $ | 21,000,000.00 |
| $ | 21,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Class A-1 notes Interest Paid |
|
|
|
|
| $ | 623,747.85 |
| 0.0018901 |
| $ | 1.89 |
| |
Class A-2 notes Interest Paid |
|
|
|
|
| $ | 1,213,333.33 |
| 0.0030333 |
| $ | 3.03 |
| |
Class A-3 notes Interest Paid |
|
|
|
|
| $ | 1,139,000.00 |
| 0.0033500 |
| $ | 3.35 |
| |
Class A-4a notes Interest Paid |
|
|
|
|
| $ | 367,429.17 |
| 0.0027167 |
| $ | 2.72 |
| |
Class A-4b notes Interest Paid |
|
|
|
|
| $ | 483,518.75 |
| 0.0035750 |
| $ | 3.58 |
| |
Class B notes Interest Paid |
|
|
|
|
| $ | 128,844.33 |
| 0.0033466 |
| $ | 3.35 |
| |
Certificate Interest Paid |
|
|
|
|
| $ | 299,384.76 |
| 0.0142564 |
| $ | 14.26 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Class A-1 notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-2 notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-3 notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-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 |
|
|
|
|
| $ | 30,748,214.09 |
| 0.0931764 |
| $ | 93.18 |
| |
Class A-2 notes Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-3 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 |
|
|
|
|
| $ | 869,486.78 |
| 0.0225841 |
| $ | 22.58 |
| |
Certificate Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Negative Carry Account |
|
|
|
|
|
|
|
|
|
|
| |||
Negative Carry |
| 1.00000 | % | 3/16/2005 |
| 2.7635 | % |
|
|
|
| |||
Negative Carry Days Remaining |
|
|
| 6/15/2005 |
| 0 |
|
|
|
|
| |||
Required Negative Carry Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Beginning Negative Carry Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Negative Carry Account Withdrawls 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 | % | $ | 31,973,532.87 |
|
|
|
|
| ||
Required Spread Account Floor |
|
|
| 2.00 | % | $ | 28,000,000.00 |
|
|
|
|
| ||
Required Spread Account |
|
|
|
|
| $ | 31,973,532.87 |
|
|
|
|
| ||
Beginning Spread Account Balance |
|
|
|
|
| $ | 32,700,835.94 |
|
|
|
|
| ||
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 |
|
|
|
|
| $ | 727,303.08 |
|
|
|
|
| ||
Ending Spread Account Balance |
|
|
|
|
| $ | 31,973,532.87 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
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 |
|
|
|
|
| $ | 0.22 |
|
|
|
|
| ||
New Contract Value Purchased |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Deposits to Spread Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Deposits to Principal Supplement Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Excess Release to Noteholders for Unpurchased Amount |
|
|
|
|
| $ | 0.22 |
|
|
|
|
| ||
Ending Pre-funding Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Release to seller |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Total Release to Seller |
|
|
|
|
| $ | 3,948,245.96 |
|
|
|
|
| ||
6
