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 |
| | | | | | Amount | | Factor | | Per/$1000 | |
Summary and Factors | | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (Beginning of Period) | | | | | | $ | 1,198,001,390.42 | | 0.8557153 | | $ | 855.72 | |
A-1 notes Beginning Principal balance | | | | | | $ | 133,556,352.18 | | 0.4047162 | | $ | 404.72 | |
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 | | | | | | $ | 32,945,038.24 | | 0.8557153 | | $ | 855.72 | |
Certificate Beginning Principal balance | | | | | | $ | 21,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
| | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (End of Period) | | | | | | $ | 1,147,382,892.91 | | 0.8195592 | | $ | 819.56 | |
A-1 notes Ending Principal balance | | | | $ | 330,000,000.00 | | $ | 84,329,863.35 | | 0.2555450 | | $ | 255.55 | |
A-2 notes Ending Principal balance | | | | $ | 400,000,000.00 | | $ | 400,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
| | Pro rata % | | | | | | | | | |
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 | | $ | 31,553,029.56 | | 0.8195592 | | $ | 819.56 | |
Certificate Ending Principal balance | | | | $ | 21,000,000.00 | | $ | 21,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
| | | | | | | | | | | |
Class A-1 notes Interest Paid | | | | | | $ | 365,647.61 | | 0.0011080 | | $ | 1.11 | |
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 | | | | | | $ | 457,821.85 | | 0.0033850 | | $ | 3.39 | |
Class A-4b notes Interest Paid | | | | | | $ | 483,518.75 | | 0.0035750 | | $ | 3.58 | |
Class B notes Interest Paid | | | | | | $ | 117,778.51 | | 0.0030592 | | $ | 3.06 | |
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 | | | | | | $ | 49,226,488.83 | | 0.1491712 | | $ | 149.17 | |
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 | | | | | | $ | 1,392,008.68 | | 0.0361561 | | $ | 36.16 | |
Certificate Principal Paid | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
| | | | | | | | | | | |
Negative Carry Account | | | | | | | | | | | |
Negative Carry | | 1.00000 | % | 3/16/2005 | | 2.8381 | % | | | | |
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 | % | $ | 28,684,572.32 | | | | | |
Required Spread Account Floor | | | | 2.00 | % | $ | 28,000,000.00 | | | | | |
Required Spread Account | | | | | | $ | 28,684,572.32 | | | | | |
Beginning Spread Account Balance | | | | | | $ | 29,950,034.76 | | | | | |
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 | | | | | | $ | 1,265,462.44 | | | | | |
Ending Spread Account Balance | | | | | | $ | 28,684,572.32 | | | | | |
| | | | | | | | | | | |
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 | | | | | | $ | 5,163,342.51 | | | | | |