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 | |
| | 5 | | 5 | | 5 | | 5 | |
Cutoff Date | | 7/31/2005 | |
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 | | 6,941,676.02 | | 387,920.88 | | 736,559.03 | | 556,334.94 | |
| | 17,428,504.43 | | 2,008,425.00 | | 2,473,765.20 | | 2,546,040.29 | |
| | 28,662,509.80 | | 2,627,504.16 | | 3,296,882.38 | | 2,718,140.37 | |
| | 30,350,522.70 | | 1,932,542.02 | | 3,343,807.15 | | 3,008,972.59 | |
| | 36,943,033.55 | | 2,069,044.02 | | 2,991,567.59 | | 3,351,633.72 | |
| | 47,391,159.20 | | 2,350,396.61 | | 3,538,998.48 | | 3,166,022.37 | |
| | 30,621,980.11 | | 2,309,382.57 | | 3,034,289.37 | | 2,976,623.27 | |
| | 20,457,017.37 | | 7,262,988.19 | | 2,623,988.14 | | 2,639,198.41 | |
| | 15,452,601.58 | | 12,646,057.02 | | 11,155,425.42 | | 2,664,205.62 | |
| | 14,845,709.90 | | 2,151,148.35 | | 13,664,941.90 | | 8,025,595.34 | |
| | 13,918,109.54 | | 1,901,715.61 | | 2,673,426.37 | | 10,991,442.79 | |
| | 14,880,471.02 | | 1,873,468.81 | | 2,668,376.23 | | 2,570,502.19 | |
| | 13,912,556.73 | | 1,850,317.15 | | 2,680,141.02 | | 2,582,678.04 | |
| | 13,689,036.03 | | 2,145,490.87 | | 2,661,822.13 | | 2,552,047.16 | |
| | 20,913,347.28 | | 2,568,317.72 | | 3,148,919.13 | | 2,569,292.26 | |
| | 23,357,640.82 | | 1,869,107.48 | | 3,169,526.93 | | 2,819,097.47 | |
| | 29,596,759.26 | | 1,986,384.01 | | 2,838,075.86 | | 3,095,445.51 | |
| | 38,875,901.85 | | 2,262,004.47 | | 3,459,333.92 | | 3,007,774.70 | |
| | 23,677,481.86 | | 2,216,736.46 | | 2,823,183.76 | | 2,729,725.64 | |
| | 14,754,157.25 | | 7,032,597.41 | | 2,497,683.81 | | 2,444,033.09 | |
| | 8,965,722.36 | | 12,001,489.31 | | 10,694,314.04 | | 2,488,996.23 | |
| | 8,586,504.49 | | 1,926,616.96 | | 13,203,667.64 | | 7,745,556.87 | |
| | 8,438,644.53 | | 1,664,849.95 | | 2,388,447.66 | | 10,555,797.81 | |
| | 8,758,790.09 | | 1,606,082.75 | | 2,385,232.47 | | 2,371,233.13 | |
| | 8,312,946.47 | | 1,574,534.70 | | 2,400,077.42 | | 2,315,412.25 | |
| | 8,310,039.04 | | 1,858,841.19 | | 2,366,494.49 | | 2,340,088.32 | |
| | 13,175,744.22 | | 2,197,204.66 | | 2,785,327.29 | | 2,352,934.77 | |
| | 17,783,300.85 | | 1,606,028.47 | | 2,865,496.66 | | 2,584,111.76 | |
| | 26,157,202.95 | | 1,686,112.51 | | 2,547,197.65 | | 2,868,541.61 | |
| | 34,949,264.57 | | 1,988,751.48 | | 3,106,821.55 | | 2,770,155.42 | |
| | 20,922,973.14 | | 2,151,249.97 | | 2,509,195.21 | | 2,430,809.52 | |
| | 12,090,566.29 | | 6,729,444.98 | | 2,218,669.58 | | 2,263,259.32 | |
| | 6,357,538.56 | | 11,457,994.39 | | 10,258,531.60 | | 2,303,648.50 | |
| | 5,913,721.66 | | 1,466,763.34 | | 12,493,272.40 | | 7,407,009.20 | |
| | 5,786,849.26 | | 1,165,128.40 | | 1,567,968.86 | | 9,805,385.62 | |
| | 5,957,473.75 | | 1,094,788.90 | | 1,513,645.52 | | 1,604,876.44 | |
| | 5,605,291.54 | | 1,098,767.72 | | 1,500,930.45 | | 1,529,056.06 | |
| | 5,466,008.96 | | 1,382,994.56 | | 1,427,720.42 | | 1,439,962.97 | |
| | 9,635,627.52 | | 1,577,433.71 | | 1,807,962.30 | | 1,555,109.51 | |
| | 13,946,153.91 | | 1,124,012.93 | | 1,942,721.95 | | 1,679,986.03 | |
| | 21,073,027.93 | | 1,230,031.84 | | 1,704,521.66 | | 2,013,355.35 | |
| | 27,225,681.62 | | 1,480,298.04 | | 2,199,084.51 | | 1,865,456.87 | |
| | 15,375,063.16 | | 1,474,289.27 | | 1,722,115.72 | | 1,668,747.12 | |
| | 8,246,113.99 | | 4,980,110.65 | | 1,539,291.24 | | 1,501,142.42 | |
| | 4,003,579.48 | | 8,171,265.27 | | 7,171,340.55 | | 1,558,095.33 | |
| | 3,619,337.77 | | 957,498.71 | | 8,760,033.23 | | 5,260,607.64 | |
| | 3,310,184.97 | | 788,047.63 | | 1,054,559.24 | | 6,652,616.34 | |
| | 3,609,427.01 | | 741,473.70 | | 1,029,544.69 | | 1,116,567.94 | |
| | 3,408,322.34 | | 742,304.06 | | 1,024,658.10 | | 1,037,789.32 | |
| | 3,332,526.99 | | 966,825.05 | | 956,130.71 | | 977,370.32 | |
| | 6,929,195.92 | | 1,118,737.58 | | 1,242,705.18 | | 1,094,409.72 | |
| | 11,013,397.75 | | 744,055.74 | | 1,440,213.41 | | 1,140,810.64 | |
| | 16,101,433.03 | | 940,253.35 | | 1,025,572.14 | | 1,543,934.18 | |
| | 22,860,535.46 | | 1,528,451.34 | | 2,101,487.47 | | 1,424,886.50 | |
| | 10,893,742.94 | | 1,100,578.08 | | 1,257,376.03 | | 1,718,726.47 | |
| | 4,563,071.70 | | 3,745,704.01 | | 1,180,630.50 | | 1,034,883.21 | |
| | 758,601.66 | | 6,130,594.15 | | 5,771,645.00 | | 1,086,701.29 | |
| | 449,970.65 | | 284,441.55 | | 6,928,867.97 | | 4,030,556.24 | |
| | 305,431.14 | | 68,151.63 | | 195,927.88 | | 5,299,967.63 | |
| | 399,214.77 | | 45,896.13 | | 141,479.98 | | 272,924.62 | |
| | 356,663.41 | | 66,010.66 | | 159,795.05 | | 101,167.91 | |
| | 316,790.84 | | 88,354.86 | | 95,664.49 | | 91,698.25 | |
| | 765,041.46 | | 108,164.24 | | 121,540.18 | | 86,886.55 | |
| | 1,770,448.11 | | 79,724.34 | | 234,011.01 | | 121,599.32 | |
| | 2,382,727.40 | | 93,364.51 | | 103,831.37 | | 188,059.76 | |
| | 4,797,368.53 | | 135,420.10 | | 320,362.40 | | 1,424,702.55 | |
| | 2,204,754.29 | | 81,769.68 | | 149,450.24 | | 152,194.69 | |
| | 691,943.07 | | 770,881.69 | | 99,052.52 | | 121,899.36 | |
| | 0.00 | | 1,039,468.42 | | 1,105,170.37 | | 86,596.75 | |
| | 0.00 | | 0.00 | | 1,943,241.64 | | 755,897.42 | |
| | 0.00 | | 0.00 | | 0.00 | | 1,195,153.76 | |
| | 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 | | 872,554,137.85 | | 158,512,805.97 | | 210,243,713.46 | | 184,052,142.58 | |
Discount Rate | | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % |
Beginning Contract Value | | 792,980,452.88 | | 139,352,661.28 | | 184,659,220.89 | | 161,948,979.56 | |
Scheduled Contract Value Decline | | 20,055,864.82 | | 1,227,132.40 | | 2,073,391.66 | | 1,957,569.65 | |
Unscheduled Contract Value Decline | | 1,494,528.67 | | 836,055.03 | | 936,863.25 | | 1,319,523.13 | |
Additional Contract Value Added | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
Ending Contract Value | | 771,430,059.39 | | 137,289,473.86 | | 181,648,965.98 | | 158,671,886.79 | |
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) | | 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 | | 6.750 | % | | |
Beginning Contract Value | | 1,278,941,314.61 | | | |
Scheduled Contract Value Decline | | 25,313,958.53 | | | |
Unscheduled Contract Value Decline | | 4,586,970.07 | | | |
Additional Contract Value Purchased | | 0.00 | | | |
Ending Contract Value | | 1,249,040,386.02 | | | |
| | | | | |
Beginning Pre-funding Account Balance | | 0.00 | | | |
Ending Pre-funding Account Balance | | 0.00 | | | |
| | | | | |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) | | 1,278,941,314.61 | | | |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) | | 1,249,040,386.02 | | | |
| | | | | |
Collateral Performance | | | | | |
Scheduled Amounts 30 - 59 days past due | | $ | 939,442.79 | | 0.08 | % |
Scheduled Amounts 60 days or more past due | | $ | 443,010.09 | | 0.04 | % |
Net Losses on Liquidated Receivables | | $ | 259,199.57 | | 0.02 | % |
Cumulative Net Losses | | $ | 433,064.16 | | | |
Number of Loans at Beginning of Period | | 55,426 | | | |
Number of Loans at End of Period | | 53,785 | | | |
Repossessed Equipment not Sold or Reassigned (Beginning) | | $ | 125,440.05 | | | |
Repossessed Equipment not Sold or Reassigned (End) | | $ | 460,228.15 | | | |
| | | | | |
Collections and Reinvestment Income | | | | | |
Receipts During the period | | $ | 37,111,081.01 | | | |
| | | | | |
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 | | $ | 37,111,081.01 | | | |
| | | | | |
Reinvestment Income (excluding Pre-funding Account) | | $ | 175,220.17 | | | |
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 | | $ | 37,286,301.18 | | | |
| | | | | |
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 | | | | | | | | 8/15/2005 | |
Caclulation of Distributable Amounts | | | | | | | | | |
| | | | | | | | | |
Backup Servicer Engaged? | | | | | | | | YES | |
Current Backup Servicing Fee Due | | | | | | | | $ | 21,315.69 | |
Past Due Backup Servicing Fee | | | | | | | | $ | 0.00 | |
Total Backup Servicing Fee Due | | | | | | | | $ | 21,315.69 | |
| | | | | | | | | |
CNH or SST? | | | | | | | | CNH | |
Current Servicing Fee Due | | | | | | | | $ | 1,065,784.43 | |
Past Due Servicing Fee | | | | | | | | $ | 0.00 | |
Total Servicing Fee Due | | | | | | | | $ | 1,065,784.43 | |
| | | | | | | | | |
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) | | | | | | | | $ | 1,278,941,314.61 | |
A-1 notes Beginning Principal balance | | | | | | | | $ | 212,270,428.46 | |
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 | | | | | | | | $ | 35,170,886.15 | |
Certificate Beginning Principal balance | | | | | | | | $ | 21,000,000.00 | |
| | | | | | | | | | |
| | | | Coupon/ | | Swap Adj. | | | |
| | Type | | Spread | | Coupon | | | |
A-1 notes Current Interest Due | | Fix | | 3.08000 | % | 3.08000 | % | $ | 562,988.35 | |
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 | % | $ | 399,258.11 | |
A-4b notes Current Interest Due | | Fix | | 4.29000 | % | 4.29000 | % | $ | 483,518.75 | |
B notes Current Interest Due | | Fix | | 4.29000 | % | 4.29000 | % | $ | 125,735.92 | |
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 | | | | | | | | $ | 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-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 | | | | | | | | $ | 0.00 | |
| | | | | | | | | |
A-1 notes Total Interest Due | | | | | | | | $ | 562,988.35 | |
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 | | | | | | | | $ | 399,258.11 | |
A-4b notes Total Interest Due | | | | | | | | $ | 483,518.75 | |
B notes Total Interest Due | | | | | | | | $ | 125,735.92 | |
Certificate Total Interest Due | | | | | | | | $ | 75,075.00 | |
| | | | | | | | | | |
| | | | | | 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-3 Net Swap Payment Due | | | | | | 0.00000 | % | $ | 0.00 | |
A-4a Net Swap Payment Due | | | | | | 4.28250 | % | $ | 88,073.94 | |
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 | | | | | | | | $ | 88,073.94 | |
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 | | | | | | | | $ | 29,078,653.06 | |
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 | | | | | | | | $ | 14,394,467.13 | |
Class B notes Principal Due | | | | | | | | $ | 822,275.53 | |
Reallocated Class B Principal | | | | | | | | $ | 0.00 | |
| | | | | | | | | |
Certificate Principal Due | | | | | | | | $ | 0.00 | |
| | | | | | | | | |
Total notes Interest Due | | | | | | | | $ | 3,923,834.46 | |
Total notes Principal Due | | | | | | | | $ | 29,900,928.59 | |
Net Swap/Termination Payment Due | | | | | | | | $ | 88,073.94 | |
Total notes Distributable Amount | | | | | | | | $ | 33,912,836.99 | |
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 | | 8/15/2005 | | | |
Cash Available for Distribution | | | | | |
Total Collections + Reinvestment Income For The Period | | $ | 37,286,301.18 | | | |
| | | | | |
Beginning Negitive Carry Account | | $ | 0.00 | | | |
Deposits from Negitive Carry Account to Distribution Account | | $ | 0.00 | | | |
| | | | | |
Beginning Spread Account Balance | | $ | 31,973,532.87 | | | |
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 | | | | | |
Deposits from Pre-funding Account to Distribution Account | | | | | |
| | | | | |
Total Cash Available | | $ | 37,286,301.18 | | | |
| | | | | | |
| | | | Available | |
| | | | Cash | |
Cash Allocation (Cashflow Waterfall) | | | | | |
| | | | | |
Backup Servicing Fee Paid | | $ | 21,315.69 | | | |
Backup Servicing Fee Shortfall | | $ | 0.00 | | | |
| | | | 37,264,985.49 | |
Servicing Fee Paid | | $ | 1,065,784.43 | | | |
Servicing Fee Shortfall | | $ | 0.00 | | | |
| | | | $ | 36,199,201.06 | |
Administration Fee Paid | | $ | 166.67 | | | |
Administration Fee Shortfall | | $ | 0.00 | | | |
| | | | $ | 36,199,034.39 | |
Net Swap Payment Paid | | $ | 88,073.94 | | | |
Net Swap Payment Shortfall | | $ | 0.00 | | | |
| | | | | |
Remaining Cash Available to Pay Note Interest & Swap Termination Payment | | | | $ | 36,110,960.45 | |
| | | | | |
Cash Available to Pay Note Interest | | $ | 36,110,960.45 | | | |
Cash Available to Pay Termination Payment | | $ | 0.00 | | | |
| | | | | |
Class A-1 notes Interest Paid | | $ | 562,988.35 | | | |
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 | | $ | 399,258.11 | | | |
Class A-4b notes Interest Paid | | $ | 483,518.75 | | | |
| | | | $ | 32,312,861.91 | |
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 | | | |
| | | | $ | 32,312,861.91 | |
Class B notes Interest Paid | | $ | 125,735.92 | | | |
Class B notes Interest Shortfall | | $ | 0.00 | | | |
| | | | $ | 32,187,125.99 | |
Class A-1 notes Principal Paid | | $ | 29,078,653.06 | | | |
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 | | $ | 822,275.53 | | | |
| | | | $ | 2,286,197.40 | |
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 | | $ | 2,286,197.40 | |
Reallocated Class A-2 notes Principal Paid | | $ | 0.00 | | | |
Remaining Class B Principal Reallocation Amount | | $ | 0.00 | | $ | 2,286,197.40 | |
Reallocated Class A-3 notes Principal Paid | | $ | 0.00 | | | |
Remaining Class B Principal Reallocation Amount | | $ | 0.00 | | $ | 2,286,197.40 | |
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 | | $ | 2,286,197.40 | |
| | | | | |
Deposits to Spread Account | | $ | 0.00 | | | |
| | | | $ | 2,286,197.40 | |
Certificate Interest Paid | | $ | 75,075.00 | | | |
Certificate Interest Shortfall | | $ | 0.00 | | | |
| | | | $ | 2,211,122.40 | |
Certificate Principal Paid | | $ | 0.00 | | | |
| | | | $ | 2,211,122.40 | |
Total Principal Balance of Notes and Certificates (End of Period ) | | $ | 1,249,040,386.02 | | | |
A-1 notes Ending Principal balance | | $ | 183,191,775.40 | | | |
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 | | $ | 34,348,610.62 | | | |
Certificate Ending Principal balance | | $ | 21,000,000.00 | | | |
| | | | | |
Release to Seller as Excess | | $ | 2,211,122.40 | | $ | 2,211,122.40 | |
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 | | | | | | 8/15/2005 | | | | | |
| | | | | | | | | | | |
| | | | | | Amount | | Factor | | Per/$1000 | |
Summary and Factors | | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (Beginning of Period) | | | | | | $ | 1,278,941,314.61 | | 0.9135295 | | $ | 913.53 | |
A-1 notes Beginning Principal balance | | | | | | $ | 212,270,428.46 | | 0.6432437 | | $ | 643.24 | |
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 | | | | | | $ | 35,170,886.15 | | 0.9135295 | | $ | 913.53 | |
Certificate Beginning Principal balance | | | | | | $ | 21,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
| | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (End of Period) | | | | | | $ | 1,249,040,386.02 | | 0.8921717 | | $ | 892.17 | |
A-1 notes Ending Principal balance | | | | $ | 330,000,000.00 | | $ | 183,191,775.40 | | 0.5551266 | | $ | 555.13 | |
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 | | $ | 34,348,610.62 | | 0.8921717 | | $ | 892.17 | |
Certificate Ending Principal balance | | | | $ | 21,000,000.00 | | $ | 21,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
| | | | | | | | | | | |
Class A-1 notes Interest Paid | | | | | | $ | 562,988.35 | | 0.0017060 | | $ | 1.71 | |
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 | | | | | | $ | 399,258.11 | | 0.0029520 | | $ | 2.95 | |
Class A-4b notes Interest Paid | | | | | | $ | 483,518.75 | | 0.0035750 | | $ | 3.58 | |
Class B notes Interest Paid | | | | | | $ | 125,735.92 | | 0.0032659 | | $ | 3.27 | |
Certificate Interest Paid | | | | | | $ | 75,075.00 | | 0.0035750 | | $ | 3.58 | |
| | | | | | | | | | | |
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 | | | | | | $ | 29,078,653.06 | | 0.0881171 | | $ | 88.12 | |
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 | | | | | | $ | 822,275.53 | | 0.0213578 | | $ | 21.36 | |
Certificate Principal Paid | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
| | | | | | | | | | | |
Negative Carry Account | | | | | | | | | | | |
Negative Carry | | 1.00000 | % | 3/16/2005 | | 2.7791 | % | | | | |
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 | % | $ | 31,226,009.65 | | | | | |
Required Spread Account Floor | | | | 2.00 | % | $ | 28,000,000.00 | | | | | |
Required Spread Account | | | | | | $ | 31,226,009.65 | | | | | |
Beginning Spread Account Balance | | | | | | $ | 31,973,532.87 | | | | | |
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 | | | | | | $ | 747,523.21 | | | | | |
Ending Spread Account Balance | | | | | | $ | 31,226,009.65 | | | | | |
| | | | | | | | | | | |
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 | | | | | | $ | 4,024,596.72 | | | | | |
6