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 Kathy Aber at 262-636-7706 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 | | 7/31/2005 | |
Date Added | | 8/31/2004 | | 9/30/2004 | | 10/31/2004 | | 11/31/2004 | |
Pool | | Pool 1 | | Pool 2 | | Pool 3 | | Pool 4 | |
Scheduled Cashflows | | 9,693,791.58 | | 812,376.26 | | 568,193.43 | | 0.00 | |
| | 20,791,367.55 | | 8,078,393.79 | | 1,332,680.77 | | 0.00 | |
| | 16,678,700.61 | | 17,906,825.32 | | 7,834,957.94 | | 0.00 | |
| | 15,991,936.45 | | 2,717,234.35 | | 9,083,236.21 | | 0.00 | |
| | 17,151,642.06 | | 2,977,631.67 | | 2,065,554.76 | | 0.00 | |
| | 21,739,245.81 | | 3,509,477.72 | | 1,961,500.69 | | 0.00 | |
| | 23,382,112.54 | | 2,555,152.66 | | 1,676,812.83 | | 0.00 | |
| | 26,438,413.20 | | 2,407,625.83 | | 1,276,669.40 | | 0.00 | |
| | 32,757,732.21 | | 2,547,279.62 | | 1,740,188.93 | | 0.00 | |
| | 29,742,019.52 | | 2,178,683.35 | | 1,601,786.22 | | 0.00 | |
| | 27,039,376.84 | | 2,038,547.53 | | 1,343,617.80 | | 0.00 | |
| | 29,522,218.57 | | 2,096,460.18 | | 1,421,769.84 | | 0.00 | |
| | 26,197,265.75 | | 2,037,699.73 | | 1,410,168.56 | | 0.00 | |
| | 21,623,889.47 | | 8,135,137.07 | | 1,377,952.19 | | 0.00 | |
| | 15,393,112.84 | | 17,077,938.50 | | 7,477,765.39 | | 0.00 | |
| | 14,469,619.14 | | 2,503,973.23 | | 8,661,904.27 | | 0.00 | |
| | 15,509,752.87 | | 2,717,331.89 | | 1,927,750.95 | | 0.00 | |
| | 20,058,109.24 | | 3,401,024.10 | | 1,809,187.59 | | 0.00 | |
| | 21,791,821.90 | | 2,362,223.67 | | 1,495,134.78 | | 0.00 | |
| | 24,657,310.22 | | 2,179,493.89 | | 1,139,897.44 | | 0.00 | |
| | 30,873,332.26 | | 2,312,904.34 | | 1,593,411.75 | | 0.00 | |
| | 27,036,073.77 | | 1,924,182.11 | | 1,435,195.76 | | 0.00 | |
| | 23,804,193.93 | | 1,781,387.32 | | 1,175,390.34 | | 0.00 | |
| | 26,288,265.34 | | 1,833,899.82 | | 1,242,505.12 | | 0.00 | |
| | 22,341,089.69 | | 1,743,425.42 | | 1,210,746.25 | | 0.00 | |
| | 17,312,603.22 | | 7,671,426.78 | | 1,171,447.89 | | 0.00 | |
| | 11,031,857.01 | | 16,170,595.69 | | 7,082,419.14 | | 0.00 | |
| | 10,400,483.23 | | 1,857,933.53 | | 8,186,974.55 | | 0.00 | |
| | 11,278,464.88 | | 1,992,648.37 | | 1,533,255.22 | | 0.00 | |
| | 15,478,725.06 | | 2,667,181.98 | | 1,448,392.17 | | 0.00 | |
| | 16,073,999.02 | | 1,652,255.87 | | 1,143,807.02 | | 0.00 | |
| | 18,222,954.96 | | 1,434,176.14 | | 814,137.51 | | 0.00 | |
| | 23,224,340.22 | | 1,651,146.06 | | 1,240,207.80 | | 0.00 | |
| | 20,025,428.39 | | 1,302,573.47 | | 1,038,066.77 | | 0.00 | |
| | 17,423,482.78 | | 1,139,149.49 | | 865,957.92 | | 0.00 | |
| | 19,573,173.27 | | 1,197,099.16 | | 923,900.40 | | 0.00 | |
| | 15,915,990.87 | | 1,085,702.61 | | 851,044.05 | | 0.00 | |
| | 12,112,192.40 | | 5,348,718.80 | | 867,805.15 | | 0.00 | |
| | 7,262,101.23 | | 13,065,201.75 | | 6,042,219.38 | | 0.00 | |
| | 6,619,550.53 | | 1,391,756.99 | | 6,985,230.22 | | 0.00 | |
| | 7,637,384.52 | | 1,580,456.16 | | 1,086,623.67 | | 0.00 | |
| | 11,658,732.61 | | 2,217,917.56 | | 1,070,583.69 | | 0.00 | |
| | 11,884,947.55 | | 1,198,907.16 | | 788,174.66 | | 0.00 | |
| | 12,759,082.49 | | 1,026,302.73 | | 493,463.82 | | 0.00 | |
| | 17,924,770.02 | | 1,235,773.41 | | 819,724.04 | | 0.00 | |
| | 14,026,250.85 | | 949,734.24 | | 642,892.62 | | 0.00 | |
| | 11,748,605.01 | | 776,912.79 | | 523,168.37 | | 0.00 | |
| | 13,116,142.88 | | 850,316.04 | | 555,894.41 | | 0.00 | |
| | 9,567,428.61 | | 1,048,919.78 | | 508,745.82 | | 0.00 | |
| | 6,380,595.08 | | 4,719,638.84 | | 534,758.49 | | 0.00 | |
| | 1,343,456.75 | | 12,342,792.83 | | 5,320,020.80 | | 0.00 | |
| | 833,620.55 | | 437,409.97 | | 5,938,708.80 | | 0.00 | |
| | 1,184,891.82 | | 353,015.69 | | 318,153.79 | | 0.00 | |
| | 1,373,322.01 | | 709,987.79 | | 280,654.79 | | 0.00 | |
| | 1,887,920.49 | | 245,166.75 | | 99,108.71 | | 0.00 | |
| | 2,120,569.64 | | 144,891.00 | | 57,136.84 | | 0.00 | |
| | 3,768,076.72 | | 159,264.57 | | 160,379.00 | | 0.00 | |
| | 2,530,278.62 | | 213,507.29 | | 98,766.26 | | 0.00 | |
| | 1,683,564.02 | | 92,057.88 | | 49,411.78 | | 0.00 | |
| | 1,916,582.18 | | 82,913.10 | | 76,300.20 | | 0.00 | |
| | 1,553,118.28 | | 110,116.78 | | 51,014.03 | | 0.00 | |
| | 1,386,221.17 | | 875,682.83 | | 48,692.56 | | 0.00 | |
| | 0.00 | | 1,304,300.39 | | 1,234,993.18 | | 0.00 | |
| | 0.00 | | 0.00 | | 483,331.53 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 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 | | 921,213,302.30 | | 192,139,861.64 | | 125,299,546.26 | | 0.00 | |
Discount Rate | | 6.250 | % | 6.250 | % | 6.250 | % | 6.250 | % |
Beginning Contract Value | | 853,448,119.94 | | 173,421,532.51 | | 113,629,234.23 | | 0.00 | |
Scheduled Contract Value Decline | | 30,543,344.60 | | 1,866,990.24 | | 1,257,873.85 | | 0.00 | |
Unscheduled Contract Value Decline | | 17,188.62 | | 582,440.32 | | 1,313,683.91 | | 0.00 | |
Additional Contract Value Added | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
Ending Contract Value | | 822,887,586.72 | | 170,972,101.95 | | 111,057,676.47 | | 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) | | 7/15/2005 | | | |
Dated Date (act/360) | | 7/15/2005 | | | |
Scheduled Payment Date | | 8/15/2005 | | | |
Actual Payment Date | | 8/15/2005 | | | |
Days in accrual period (30/360) | | 30 | | | |
Days in accrual period (act/360) | | 31 | | | |
1 month LIBOR Rate | | 3.38813 | % | | |
| | | | | |
Collateral Summary | | | | | |
Wtd. Average Discount Rate | | 6.250 | % | | |
Beginning Contract Value | | 1,140,498,886.68 | | | |
Scheduled Contract Value Decline | | 33,668,208.68 | | | |
Unscheduled Contract Value Decline | | 1,913,312.85 | | | |
Additional Contract Value Purchased | | 0.00 | | | |
Ending Contract Value | | 1,104,917,365.14 | | | |
| | | | | |
Beginning Pre-funding Account Balance | | 0.00 | | | |
Ending Pre-funding Account Balance | | 0.00 | | | |
| | | | | |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) | | 1,140,498,886.68 | | | |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) | | 1,104,917,365.14 | | | |
| | | | | |
Collateral Performance | | | | | |
Scheduled Amounts 30 - 59 days past due | | $ | 1,036,630.24 | | 0.09 | % |
Scheduled Amounts 60 days or more past due | | $ | 733,376.40 | | 0.07 | % |
Net Losses on Liquidated Receivables | | $ | 147,417.26 | | 0.01 | % |
Cumulative Net Losses | | $ | 1,627,861.60 | | | |
Number of Loans at Beginning of Period | | 53,769 | | | |
Number of Loans at End of Period | | 53,177 | | | |
Repossessed Equipment not Sold or Reassigned (Beginning) | | $ | 1,323,026.73 | | | |
Repossessed Equipment not Sold or Reassigned (End) | | $ | 1,189,520.51 | | | |
| | | | | |
Collections and Reinvestment Income | | | | | |
Receipts During the period | | $ | 41,531,352.53 | | | |
| | | | | |
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 | | $ | 41,531,352.53 | | | |
| | | | | |
Reinvestment Income (excluding Pre-funding Account) | | $ | 174,590.16 | | | |
Reinvestment Income on Pre-funding Account) | | $ | 0.00 | | | |
| | | | | |
Net Swap Receipts | | $ | 142,079.07 | | | |
Net Swap Termination Payments due Trust from the Swap CounterParty | | $ | 0.00 | | | |
| | | | | |
Total Collections + Reinvestment Income For The Period + Swap Receipt | | $ | 41,848,021.76 | | | |
| | | | | |
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 | | | | | | | | 8/15/2005 | |
| | | | | | | | | |
Caclulation of Distributable Amounts | | | | | | | | | |
| | | | | | | | | |
Backup Servicer Engaged? | | | | | | | | YES | |
Current Backup Servicing Fee Due | | | | | | | | $ | 19,008.31 | |
Past Due Backup Servicing Fee | | | | | | | | $ | 0.00 | |
Total Backup Servicing Fee Due | | | | | | | | $ | 19,008.31 | |
| | | | | | | | | |
CNH or SST? | | | | | | | | CNH | |
Current Servicing Fee Due | | | | | | | | $ | 950,415.74 | |
Past Due Servicing Fee | | | | | | | | $ | 0.00 | |
Total Servicing Fee Due | | | | | | | | $ | 950,415.74 | |
| | | | | | | | | |
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) | | | | | | | | $ | 1,140,498,886.68 | |
A-1 notes Beginning Principal balance | | | | | | | | $ | 0.00 | |
A-2 notes Beginning Principal balance | | | | | | | | $ | 302,783,920.08 | |
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 | | | | | | | | $ | 34,214,966.60 | |
Certificate Beginning Principal balance | | | | | | | | $ | 26,250,000.00 | |
| | | | Coupon/ | | Swap Adj. | | | |
| | Type | | Spread | | Coupon | | | |
A-1 notes Current Interest Due | | Fix | | 2.00080 | % | 2.00080 | % | $ | 0.00 | |
A-2 notes Current Interest Due | | Fix | | 2.42000 | % | 2.42000 | % | $ | 610,614.24 | |
A-3a notes Current Interest Due | | Flt | | 0.07000 | % | 2.95500 | % | $ | 735,525.04 | |
A-3b notes Current Interest Due | | Fix | | 2.94000 | % | 2.94000 | % | $ | 546,350.00 | |
A-4a notes Current Interest Due | | Flt | | 0.11000 | % | 3.50000 | % | $ | 497,025.97 | |
A-4b notes Current Interest Due | | Fix | | 3.48000 | % | 3.48000 | % | $ | 412,525.00 | |
B notes Current Interest Due | | Fix | | 3.31000 | % | 3.31000 | % | $ | 94,376.28 | |
Certificate Current Interest Due | | Fix | | 3.31000 | % | 3.31000 | % | $ | 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 | | | | | | | | $ | 0.00 | |
A-2 notes Total Interest Due | | | | | | | | $ | 610,614.24 | |
A-3a notes Total Interest Due | | | | | | | | $ | 735,525.04 | |
A-3b notes Total Interest Due | | | | | | | | $ | 546,350.00 | |
A-4a notes Total Interest Due | | | | | | | | $ | 497,025.97 | |
A-4b notes Total Interest Due | | | | | | | | $ | 412,525.00 | |
B notes Total Interest Due | | | | | | | | $ | 94,376.28 | |
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 | % | $ | 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 | |
| | | | | | | | | |
A-1 Net Swap Receipt | | | | | | | | $ | 0.00 | |
A-2 Net Swap Receipt | | | | | | | | $ | 0.00 | |
A-3a Net Swap Receipt | | | | | | | | $ | 126,807.26 | |
A-3b Net Swap Receipt | | | | | | | | $ | 0.00 | |
A-4a Net Swap Receipt | | | | | | | | $ | 15,271.80 | |
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 | | | | | | | | $ | 34,514,075.89 | |
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 | % | $ | 19,680,000.02 | |
Class B notes Principal Due | | | | | | | | $ | 1,067,445.65 | |
Reallocated Class B Principal | | | | | | | | $ | 0.00 | |
| | | | | | | | | |
Certificate Principal Due | | | | | | | | $ | 0.00 | |
| | | | | | | | | |
Total notes Interest Due | | | | | | | | $ | 2,896,416.53 | |
Total notes Principal Due | | | | | | | | $ | 35,581,521.54 | |
Net Swap/Termination Payment Due | | | | | | | | -$142,079.07 | |
Total notes Distributable Amount | | | | | | | | $ | 38,335,859.01 | |
| | | | | | | | | | | |
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 | | 8/15/2005 | | | |
Cash Available for Distribution | | | | | |
Total Collections + Reinvestment Income For The Period | | $ | 41,848,021.76 | | | |
| | | | | |
Beginning Negitive Carry Account | | $ | 0.00 | | | |
Deposits from Negitive Carry Account to Distribution Account | | $ | 0.00 | | | |
| | | | | |
Beginning Spread Account Balance | | $ | 29,999,999.98 | | | |
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 | | $ | 0.00 | | | |
Deposits from Prefunding Account to Distribution Account | | $ | 0.00 | | | |
| | | | | |
Total Cash Available | | $ | 41,848,021.76 | | | |
| | | | Available Cash | |
Cash Allocation (Cashflow Waterfall) | | | | | |
Backup Servicing Fee Paid | | $ | 19,008.31 | | | |
Backup Servicing Fee Shortfall | | $ | 0.00 | | | |
| | | | 41,829,013.45 | |
Servicing Fee Paid | | $ | 950,415.74 | | | |
Servicing Fee Shortfall | | $ | 0.00 | | | |
| | | | $ | 40,878,597.71 | |
Administration Fee Paid | | $ | 166.67 | | | |
Administration Fee Shortfall | | $ | 0.00 | | | |
| | | | $ | 40,878,431.04 | |
Net Swap Payment Paid | | $ | 0.00 | | | |
Net Swap Payment Shortfall | | $ | 0.00 | | | |
| | | | | |
Remaining Cash Available to Pay Note Interest & Swap Termination Payment | | | | $ | 40,878,431.04 | |
| | | | | |
Cash Available to Pay Note Interest | | $ | 40,878,431.04 | | | |
Cash Available to Pay Termination Payment | | $ | 0.00 | | | |
| | | | | |
Class A-1 notes Interest Paid | | $ | 0.00 | | | |
Class A-2 notes Interest Paid | | $ | 610,614.24 | | | |
Class A-3a notes Interest Paid | | $ | 735,525.04 | | | |
Class A-3b notes Interest Paid | | $ | 546,350.00 | | | |
Class A-4a notes Interest Paid | | $ | 497,025.97 | | | |
Class A-4b notes Interest Paid | | $ | 412,525.00 | | | |
| | | | $ | 38,076,390.79 | |
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 | | | |
| | | | $ | 38,076,390.79 | |
Class B notes Interest Paid | | $ | 94,376.28 | | | |
Class B notes Interest Shortfall | | $ | 0.00 | | | |
| | | | $ | 37,982,014.50 | |
Class A-1 notes Principal Paid | | $ | 0.00 | | | |
Class A-2 notes Principal Paid | | $ | 34,514,075.89 | | | |
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 | | $ | 1,067,445.65 | | | |
| | | | $ | 2,400,492.96 | |
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 | | $ | 2,400,492.96 | |
Reallocated Class A-2 notes Principal Paid | | $ | 0.00 | | | |
Remaining Class B Principal Reallocation Amount | | $ | 0.00 | | $ | 2,400,492.96 | |
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 | | $ | 2,400,492.96 | |
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 | | $ | 2,400,492.96 | |
| | | | | |
Deposits to Spread Account | | $ | 0.00 | | | |
| | | | $ | 2,400,492.96 | |
Certificate Interest Paid | | $ | 72,406.25 | | | |
Certificate Interest Shortfall | | $ | 0.00 | | | |
| | | | $ | 2,328,086.71 | |
Certificate Principal Paid | | $ | 0.00 | | | |
| | | | $ | 2,328,086.71 | |
Total Principal Balance of Notes and Certificates (End of Period) | | $ | 1,104,917,365.14 | | | |
A-1 notes Ending Principal balance | | $ | 0.00 | | | |
A-2 notes Ending Principal balance | | $ | 268,269,844.19 | | | |
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 | | $ | 33,147,520.95 | | | |
Certificate Ending Principal balance | | $ | 26,250,000.00 | | | |
| | | | | |
Release to Seller as Excess | | $ | 2,328,086.71 | | $ | 2,328,086.71 | |
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 | | | | | | 8/15/2005 | | | | | |
| | | | | | | | | | | |
Summary and Factors | | | | | | Amount | | Factor | | Per/$1000 | |
Total Principal Balance of Notes and Certificates (Beginning of Period) | | | | | | $ | 1,140,498,886.68 | | 0.7603326 | | $ | 760.33 | |
A-1 notes Beginning Principal balance | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
A-2 notes Beginning Principal balance | | | | | | $ | 302,783,920.08 | | 0.9521507 | | $ | 952.15 | |
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 | | | | | | $ | 34,214,966.60 | | 0.7603326 | | $ | 760.33 | |
Certificate Beginning Principal balance | | | | | | $ | 26,250,000.00 | | 1.0000000 | | $ | 1,000.00 | |
| | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (End of Period) | | | | | | $ | 1,104,917,365.14 | | 0.7366116 | | $ | 736.61 | |
A-1 notes Ending Principal balance | | | | $ | 333,500,000.00 | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
A-2 notes Ending Principal balance | | Pro rata % | | $ | 318,000,000.00 | | $ | 268,269,844.19 | | 0.8436159 | | $ | 843.62 | |
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 | | $ | 142,250,000.00 | | 1.0000000 | | $ | 1,000.00 | |
B notes Ending Principal balance | | | | $ | 45,000,000.00 | | $ | 33,147,520.95 | | 0.7366116 | | $ | 736.61 | |
Certificate Ending Principal balance | | | | $ | 26,250,000.00 | | $ | 26,250,000.00 | | 1.0000000 | | $ | 1,000.00 | |
| | | | | | | | | | | |
Class A-1 notes Interest Paid | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class A-2 notes Interest Paid | | | | | | $ | 610,614.24 | | 0.0019202 | | $ | 1.92 | |
Class A-3a notes Interest Paid | | | | | | $ | 735,525.04 | | 0.0029778 | | $ | 2.98 | |
Class A-3b notes Interest Paid | | | | | | $ | 546,350.00 | | 0.0024500 | | $ | 2.45 | |
Class A-4a notes Interest Paid | | | | | | $ | 497,025.97 | | 0.0030123 | | $ | 3.01 | |
Class A-4b notes Interest Paid | | | | | | $ | 412,525.00 | | 0.0029000 | | $ | 2.90 | |
Class B notes Interest Paid | | | | | | $ | 94,376.28 | | 0.0020973 | | $ | 2.10 | |
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 | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class A-2 notes Principal Paid | | | | | | $ | 34,514,075.89 | | 0.1085348 | | $ | 108.53 | |
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 | | | | | | $ | 1,067,445.65 | | 0.0237210 | | $ | 23.72 | |
Certificate Principal Paid | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
| | | | | | | | | | | |
Negative Carry Account | | | | | | | | | | | |
Negative Carry | | 1.00000 | % | 9/22/2004 | | 1.9353 | % | | | | |
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 | % | $ | 27,622,934.13 | | | | | |
Required Spread Account Floor | | | | 2.00 | % | $ | 29,999,999.98 | | | | | |
Required Spread Account | | | | | | $ | 29,999,999.98 | | | | | |
Beginning Spread Account Balance | | | | | | $ | 29,999,999.98 | | | | | |
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 | | | | | | $ | 29,999,999.98 | | | | | |
| | | | | | | | | | | |
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 | | | | | |
Excess Release to Noteholders for Unpurchased Amount | | | | | | $ | 0.00 | | | | | |
Ending Pre-funding Account Balance | | | | | | $ | 0.00 | | | | | |
Release to seller | | | | | | $ | 0.00 | | | | | |
| | | | | | | | | | | |
Total Release to Seller | | | | | | $ | 3,278,669.12 | | | | | |
5