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 | |
| | 6 | | 6 | | 6 | | 6 | |
Cutoff Date | | 8/31/2005 | |
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 | | 5,273,585.47 | | 369,117.85 | | 529,487.09 | | 422,915.11 | |
| | 23,109,560.16 | | 2,134,406.45 | | 2,792,791.04 | | 2,304,685.07 | |
| | 29,209,154.92 | | 1,877,501.45 | | 3,274,212.84 | | 2,948,448.10 | |
| | 35,788,953.96 | | 2,033,122.71 | | 2,949,464.81 | | 3,316,298.37 | |
| | 46,084,721.28 | | 2,296,332.01 | | 3,491,488.24 | | 3,143,986.54 | |
| | 29,649,228.03 | | 2,229,802.55 | | 3,010,209.89 | | 2,954,962.27 | |
| | 20,043,115.17 | | 7,095,364.53 | | 2,601,849.12 | | 2,625,040.81 | |
| | 15,214,190.88 | | 12,470,057.07 | | 10,981,980.46 | | 2,649,880.00 | |
| | 14,667,490.14 | | 2,132,623.69 | | 13,469,649.51 | | 7,908,481.12 | |
| | 13,702,566.34 | | 1,880,825.90 | | 2,652,490.57 | | 10,861,129.20 | |
| | 14,681,811.13 | | 1,855,137.21 | | 2,655,842.78 | | 2,560,210.84 | |
| | 13,566,867.66 | | 1,832,212.73 | | 2,670,912.40 | | 2,568,177.72 | |
| | 13,380,161.04 | | 2,128,760.54 | | 2,609,413.48 | | 2,542,540.49 | |
| | 19,877,133.18 | | 2,481,184.75 | | 3,052,235.44 | | 2,545,900.62 | |
| | 22,562,445.08 | | 1,853,105.16 | | 3,149,341.72 | | 2,804,861.55 | |
| | 28,767,046.19 | | 1,970,374.62 | | 2,829,042.31 | | 3,082,616.14 | |
| | 37,917,230.73 | | 2,222,353.53 | | 3,435,669.11 | | 2,998,376.81 | |
| | 23,110,381.77 | | 2,148,091.92 | | 2,815,309.00 | | 2,715,056.20 | |
| | 14,462,885.03 | | 6,888,498.60 | | 2,483,141.61 | | 2,435,000.19 | |
| | 8,902,789.60 | | 11,905,962.69 | | 10,523,114.38 | | 2,480,133.75 | |
| | 8,509,057.63 | | 1,912,193.87 | | 13,032,856.10 | | 7,629,394.71 | |
| | 8,369,147.72 | | 1,647,848.54 | | 2,370,167.32 | | 10,430,112.67 | |
| | 8,662,832.28 | | 1,591,675.93 | | 2,374,864.91 | | 2,362,628.01 | |
| | 8,240,433.13 | | 1,560,286.44 | | 2,391,949.08 | | 2,302,006.59 | |
| | 8,167,877.18 | | 1,844,596.64 | | 2,320,768.50 | | 2,330,845.66 | |
| | 12,350,618.62 | | 2,113,235.50 | | 2,706,851.37 | | 2,329,798.25 | |
| | 17,075,872.93 | | 1,589,728.60 | | 2,845,776.47 | | 2,570,143.20 | |
| | 25,418,305.16 | | 1,668,312.30 | | 2,538,945.16 | | 2,855,572.25 | |
| | 34,055,665.36 | | 1,946,637.65 | | 3,094,880.10 | | 2,760,912.92 | |
| | 20,369,938.94 | | 2,079,155.97 | | 2,499,496.32 | | 2,416,762.35 | |
| | 11,832,857.28 | | 6,572,189.50 | | 2,205,443.53 | | 2,253,327.64 | |
| | 6,322,607.76 | | 11,359,770.05 | | 10,086,651.68 | | 2,292,882.95 | |
| | 5,879,302.94 | | 1,450,726.39 | | 12,333,410.29 | | 7,304,447.28 | |
| | 5,752,234.82 | | 1,148,506.24 | | 1,552,057.24 | | 9,683,866.72 | |
| | 5,918,592.77 | | 1,078,651.18 | | 1,507,868.47 | | 1,596,912.73 | |
| | 5,562,609.59 | | 1,082,728.70 | | 1,495,134.20 | | 1,521,068.11 | |
| | 5,388,739.08 | | 1,366,958.23 | | 1,417,818.15 | | 1,431,963.93 | |
| | 8,992,628.54 | | 1,535,470.12 | | 1,751,278.20 | | 1,533,198.04 | |
| | 13,545,740.26 | | 1,109,593.69 | | 1,925,815.05 | | 1,671,982.37 | |
| | 20,498,066.24 | | 1,215,452.91 | | 1,698,887.72 | | 2,001,677.34 | |
| | 26,507,205.75 | | 1,442,334.62 | | 2,192,453.19 | | 1,857,454.54 | |
| | 14,973,277.50 | | 1,433,519.08 | | 1,715,542.36 | | 1,660,488.35 | |
| | 8,074,753.15 | | 4,886,856.67 | | 1,527,685.88 | | 1,492,438.76 | |
| | 3,979,157.31 | | 8,105,249.02 | | 7,014,356.63 | | 1,548,572.12 | |
| | 3,596,690.98 | | 948,902.55 | | 8,645,432.45 | | 5,165,386.74 | |
| | 3,288,770.66 | | 779,451.68 | | 1,050,568.68 | | 6,587,791.15 | |
| | 3,585,952.96 | | 732,873.07 | | 1,025,267.44 | | 1,112,048.92 | |
| | 3,384,919.81 | | 733,822.87 | | 1,020,375.04 | | 1,033,283.43 | |
| | 3,286,229.46 | | 957,447.84 | | 947,027.10 | | 972,889.58 | |
| | 6,418,729.18 | | 1,084,081.15 | | 1,192,197.97 | | 1,076,054.73 | |
| | 10,676,128.16 | | 735,062.46 | | 1,424,580.65 | | 1,136,211.21 | |
| | 15,451,270.17 | | 930,898.94 | | 1,021,349.71 | | 1,534,162.07 | |
| | 22,248,221.89 | | 1,496,040.29 | | 2,095,997.11 | | 1,418,697.92 | |
| | 10,563,787.32 | | 1,066,642.59 | | 1,253,210.82 | | 1,712,191.70 | |
| | 4,458,358.57 | | 3,696,762.07 | | 1,171,199.54 | | 1,028,210.36 | |
| | 756,912.91 | | 6,084,464.42 | | 5,616,025.61 | | 1,080,466.73 | |
| | 448,519.81 | | 284,368.78 | | 6,826,270.64 | | 3,952,731.49 | |
| | 303,979.79 | | 68,151.63 | | 195,507.19 | | 5,243,359.94 | |
| | 397,763.44 | | 45,901.34 | | 141,479.94 | | 271,879.69 | |
| | 351,183.87 | | 65,993.96 | | 159,802.81 | | 101,179.55 | |
| | 315,256.75 | | 88,373.25 | | 95,664.49 | | 91,693.21 | |
| | 748,549.84 | | 107,738.85 | | 121,539.08 | | 86,886.55 | |
| | 1,768,214.77 | | 79,247.20 | | 234,011.19 | | 121,599.32 | |
| | 2,381,303.24 | | 92,986.16 | | 103,831.38 | | 188,059.76 | |
| | 4,775,227.48 | | 135,419.41 | | 320,354.38 | | 1,424,073.92 | |
| | 2,178,059.61 | | 81,775.50 | | 149,450.22 | | 152,194.68 | |
| | 648,117.60 | | 770,883.38 | | 99,052.54 | | 121,899.35 | |
| | 0.00 | | 1,039,302.67 | | 1,068,308.91 | | 86,506.66 | |
| | 0.00 | | 0.00 | | 1,948,241.51 | | 755,578.66 | |
| | 0.00 | | 0.00 | | 0.00 | | 1,194,665.59 | |
| | 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 | | 826,450,987.97 | | 153,653,105.86 | | 204,505,350.12 | | 179,356,861.30 | |
Discount Rate | | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % |
Beginning Contract Value | | 771,430,059.39 | | 137,289,473.86 | | 181,648,965.98 | | 158,671,886.79 | |
Scheduled Contract Value Decline | | 20,069,933.29 | | 1,626,274.64 | | 2,192,691.94 | | 2,212,975.25 | |
Unscheduled Contract Value Decline | | 19,211,211.06 | | 2,173,128.88 | | 2,177,384.04 | | 1,375,396.49 | |
Additional Contract Value Added | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
Ending Contract Value | | 732,148,915.04 | | 133,490,070.33 | | 177,278,890.00 | | 155,083,515.05 | |
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) | | 8/15/2005 | | | |
Dated Date (act/360) | | 8/15/2005 | | | |
Scheduled Payment Date | | 9/15/2005 | | | |
Actual Payment Date | | 9/15/2005 | | | |
Days in accrual period (30/360) | | 30 | | | |
Days in accrual period (act/360) | | 31 | | | |
1 month LIBOR Rate | | 3.57125 | % | | |
| | | | | |
Collateral Summary | | | | | |
Wtd. Average Discount Rate | | 6.750 | % | | |
Beginning Contract Value | | 1,249,040,386.02 | | | |
Scheduled Contract Value Decline | | 26,101,875.13 | | | |
Unscheduled Contract Value Decline | | 24,937,120.47 | | | |
Additional Contract Value Purchased | | 0.00 | | | |
Ending Contract Value | | 1,198,001,390.42 | | | |
| | | | | |
Beginning Pre-funding Account Balance | | 0.00 | | | |
Ending Pre-funding Account Balance | | 0.00 | | | |
| | | | | |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) | | 1,249,040,386.02 | | | |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) | | 1,198,001,390.42 | | | |
| | | | | |
Collateral Performance | | | | | |
Scheduled Amounts 30 - 59 days past due | | $ | 809,201.81 | | 0.07 | % |
Scheduled Amounts 60 days or more past due | | $ | 478,038.78 | | 0.04 | % |
Net Losses on Liquidated Receivables | | $ | 72,024.20 | | 0.01 | % |
Cumulative Net Losses | | $ | 505,088.36 | | | |
Number of Loans at Beginning of Period | | 53,785 | | | |
Number of Loans at End of Period | | 51,690 | | | |
Repossessed Equipment not Sold or Reassigned (Beginning) | | $ | 460,228.15 | | | |
Repossessed Equipment not Sold or Reassigned (End) | | $ | 331,456.23 | | | |
| | | | | |
Collections and Reinvestment Income | | | | | |
Receipts During the period | | $ | 58,068,983.10 | | | |
| | | | | |
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 | | $ | 58,068,983.10 | | | |
| | | | | |
Reinvestment Income (excluding Pre-funding Account) | | $ | 183,398.55 | | | |
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 | | $ | 58,252,381.65 | | | |
| | | | | |
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 | | | | | | | | 9/15/2005 | |
| | | | | | | | | |
Caclulation of Distributable Amounts | | | | | | | | | |
| | | | | | | | | |
Backup Servicer Engaged? | | | | | | | | YES | |
Current Backup Servicing Fee Due | | | | | | | | $ | 20,817.34 | |
Past Due Backup Servicing Fee | | | | | | | | $ | 0.00 | |
Total Backup Servicing Fee Due | | | | | | | | $ | 20,817.34 | |
| | | | | | | | | |
CNH or SST? | | | | | | | | CNH | |
Current Servicing Fee Due | | | | | | | | $ | 1,040,866.99 | |
Past Due Servicing Fee | | | | | | | | $ | 0.00 | |
Total Servicing Fee Due | | | | | | | | $ | 1,040,866.99 | |
| | | | | | | | | |
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) | | | | | | | | $ | 1,249,040,386.02 | |
A-1 notes Beginning Principal balance | | | | | | | | $ | 183,191,775.40 | |
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 | | | | | | | | $ | 34,348,610.62 | |
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 | % | $ | 485,865.30 | |
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 | % | $ | 420,585.23 | |
A-4b notes Current Interest Due | | Fix | | 4.29000 | % | 4.29000 | % | $ | 483,518.75 | |
B notes Current Interest Due | | Fix | | 4.29000 | % | 4.29000 | % | $ | 122,796.28 | |
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 | | | | | | | | $ | 485,865.30 | |
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 | | | | | | | | $ | 420,585.23 | |
A-4b notes Total Interest Due | | | | | | | | $ | 483,518.75 | |
B notes Total Interest Due | | | | | | | | $ | 122,796.28 | |
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 | % | $ | 66,746.81 | |
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 | | | | | | | | $ | 66,746.81 | |
A-4b Total Net Swap Payment Due | | | | | | | | $ | 0.00 | |
B Total Net Swap Payment Due | | | | | | | | $ | 0.00 | |
| | | | | | | | | | | |
3
Certificate Total Net Swap Payment Due | | | | | | | | $ | 0.00 | |
| | | | | | | | | |
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 | | | | | | | | $ | 49,635,423.22 | |
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 | | | | | | | | $ | 15,141,990.35 | |
Class B notes Principal Due | | | | | | | | $ | 1,403,572.38 | |
Reallocated Class B Principal | | | | | | | | $ | 0.00 | |
| | | | | | | | | |
Certificate Principal Due | | | | | | | | $ | 0.00 | |
| | | | | | | | | |
Total notes Interest Due | | | | | | | | $ | 3,865,098.90 | |
Total notes Principal Due | | | | | | | | $ | 51,038,995.60 | |
Net Swap/Termination Payment Due | | | | | | | | $ | 66,746.81 | |
Total notes Distributable Amount | | | | | | | | $ | 54,970,841.31 | |
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 | | 9/15/2005 | | | |
| | | | | |
Cash Available for Distribution | | | | | |
Total Collections + Reinvestment Income For The Period | | $ | 58,252,381.65 | | | |
| | | | | |
Beginning Negitive Carry Account | | $ | 0.00 | | | |
Deposits from Negitive Carry Account to Distribution Account | | $ | 0.00 | | | |
| | | | | |
Beginning Spread Account Balance | | $ | 31,226,009.65 | | | |
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 | | $ | 58,252,381.65 | | | |
| | | | | |
| | | | Available | |
| | | | Cash | |
Cash Allocation (Cashflow Waterfall) | | | | | |
Backup Servicing Fee Paid | | $ | 20,817.34 | | | |
Backup Servicing Fee Shortfall | | $ | 0.00 | | | |
| | | | 58,231,564.31 | |
Servicing Fee Paid | | $ | 1,040,866.99 | | | |
Servicing Fee Shortfall | | $ | 0.00 | | | |
| | | | $ | 57,190,697.32 | |
Administration Fee Paid | | $ | 166.67 | | | |
Administration Fee Shortfall | | $ | 0.00 | | | |
| | | | $ | 57,190,530.65 | |
Net Swap Payment Paid | | $ | 66,746.81 | | | |
Net Swap Payment Shortfall | | $ | 0.00 | | | |
| | | | | |
Remaining Cash Available to Pay Note Interest & Swap Termination Payment | | | | $ | 57,123,783.84 | |
| | | | | |
Cash Available to Pay Note Interest | | $ | 57,123,783.84 | | | |
Cash Available to Pay Termination Payment | | $ | 0.00 | | | |
| | | | | |
Class A-1 notes Interest Paid | | $ | 485,865.30 | | | |
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 | | $ | 420,585.23 | | | |
Class A-4b notes Interest Paid | | $ | 483,518.75 | | | |
| | | | $ | 53,381,481.22 | |
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 | | | |
| | | | $ | 53,381,481.22 | |
Class B notes Interest Paid | | $ | 122,796.28 | | | |
Class B notes Interest Shortfall | | $ | 0.00 | | | |
| | | | $ | 53,258,684.94 | |
Class A-1 notes Principal Paid | | $ | 49,635,423.22 | | | |
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 | | $ | 1,403,572.38 | | | |
| | | | $ | 2,219,689.34 | |
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 | | $ | 2,219,689.34 | |
Reallocated Class A-2 notes Principal Paid | | $ | 0.00 | | | |
Remaining Class B Principal Reallocation Amount | | $ | 0.00 | | $ | 2,219,689.34 | |
Reallocated Class A-3 notes Principal Paid | | $ | 0.00 | | | |
Remaining Class B Principal Reallocation Amount | | $ | 0.00 | | $ | 2,219,689.34 | |
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 | | $ | 2,219,689.34 | |
| | | | | |
Deposits to Spread Account | | $ | 0.00 | | | |
| | | | $ | 2,219,689.34 | |
Certificate Interest Paid | | $ | 75,075.00 | | | |
Certificate Interest Shortfall | | $ | 0.00 | | | |
| | | | $ | 2,144,614.34 | |
Certificate Principal Paid | | $ | 0.00 | | | |
| | | | $ | 2,144,614.34 | |
Total Principal Balance of Notes and Certificates (End of Period) | | $ | 1,198,001,390.42 | | | |
A-1 notes Ending Principal balance | | $ | 133,556,352.18 | | | |
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 | | $ | 32,945,038.24 | | | |
Certificate Ending Principal balance | | $ | 21,000,000.00 | | | |
| | | | | |
Release to Seller as Excess | | $ | 2,144,614.34 | | $ | 2,144,614.34 | |
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 | | | | | | 9/15/2005 | | | | | |
| | | | | | | | | | | |
| | | | | | Amount | | Factor | | Per/$1000 | |
Summary and Factors | | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (Beginning of Period) | | | | | | $ | 1,249,040,386.02 | | 0.8921717 | | $ | 892.17 | |
A-1 notes Beginning Principal balance | | | | | | $ | 183,191,775.40 | | 0.5551266 | | $ | 555.13 | |
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 | | | | | | $ | 34,348,610.62 | | 0.8921717 | | $ | 892.17 | |
Certificate Beginning Principal balance | | | | | | $ | 21,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
| | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (End of Period) | | | | | | $ | 1,198,001,390.42 | | 0.8557153 | | $ | 855.72 | |
A-1 notes Ending Principal balance | | | | $ | 330,000,000.00 | | $ | 133,556,352.18 | | 0.4047162 | | $ | 404.72 | |
| | Pro rata % | | | | | | | | | | | | |
A-2 notes Ending Principal balance | | | | $ | 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 | | $ | 32,945,038.24 | | 0.8557153 | | $ | 855.72 | |
Certificate Ending Principal balance | | | | $ | 21,000,000.00 | | $ | 21,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
| | | | | | | | | | | |
Class A-1 notes Interest Paid | | | | | | $ | 485,865.30 | | 0.0014723 | | $ | 1.47 | |
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 | | | | | | $ | 420,585.23 | | 0.0031097 | | $ | 3.11 | |
Class A-4b notes Interest Paid | | | | | | $ | 483,518.75 | | 0.0035750 | | $ | 3.58 | |
Class B notes Interest Paid | | | | | | $ | 122,796.28 | | 0.0031895 | | $ | 3.19 | |
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 | | | | | | $ | 49,635,423.22 | | 0.1504104 | | $ | 150.41 | |
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 | | | | | | $ | 1,403,572.38 | | 0.0364564 | | $ | 36.46 | |
Certificate Principal Paid | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
| | | | | | | | | | | |
Negative Carry Account | | | | | | | | | | | |
Negative Carry | | 1.00000 | % | 3/16/2005 | | 2.8074 | % | | | | |
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 | % | $ | 29,950,034.76 | | | | | |
Required Spread Account Floor | | | | 2.00 | % | $ | 28,000,000.00 | | | | | |
Required Spread Account | | | | | | $ | 29,950,034.76 | | | | | |
Beginning Spread Account Balance | | | | | | $ | 31,226,009.65 | | | | | |
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 | | | | | | $ | 1,275,974.89 | | | | | |
Ending Spread Account Balance | | | | | | $ | 29,950,034.76 | | | | | |
| | | | | | | | | | | |
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 | | | | | | | | | | | |
Total Release to Seller | | | | | | $ | 4,461,622.89 | | | | | |
6