Exhibit 20.1
CNH Equipment Trust 2005-B
$202,000,000 Class A-1 3.90844% Asset Backed Notes due October 6, 2006
$292,000,000 Class A-2 4.17% Asset Backed Notes due April 15, 2008
$397,000,000 Class A-3 4.27% Asset Backed Notes due January 15, 2010
$81,750,000 Class A-4a Floating-Rate Asset Backed Notes due May 16, 2011
$137,000,000 Class A-4b 4.40% Asset Backed Notes due May 16, 2011
$28,750,000 Class B 4.57% Asset Backed Notes due July 16, 2012
$11,500,000 Class C 4.93% Asset Backed Notes due December 17, 2012
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 |
|
|
| 1 |
| 1 |
| 1 |
| 1 |
|
Cutoff Date |
| 9/30/2005 |
| ||||||
Date Added |
| 8/31/2005 |
| 9/30/2005 |
| 10/31/2005 |
| 11/30/2005 |
|
Pool |
| Pool 1 |
| Pool 2 |
| Pool 3 |
| Pool 4 |
|
Scheduled Cashflows |
| 1,808,518.98 |
| 322,013.82 |
| 0.00 |
| 0.00 |
|
|
| 8,635,245.21 |
| 2,479,680.04 |
| 0.00 |
| 0.00 |
|
|
| 10,416,466.42 |
| 2,691,696.96 |
| 0.00 |
| 0.00 |
|
|
| 12,646,472.45 |
| 3,522,312.93 |
| 0.00 |
| 0.00 |
|
|
| 11,151,995.81 |
| 3,052,697.98 |
| 0.00 |
| 0.00 |
|
|
| 9,386,623.89 |
| 3,000,017.14 |
| 0.00 |
| 0.00 |
|
|
| 9,781,284.89 |
| 3,299,214.09 |
| 0.00 |
| 0.00 |
|
|
| 10,730,770.99 |
| 2,678,041.81 |
| 0.00 |
| 0.00 |
|
|
| 18,487,648.33 |
| 2,710,209.13 |
| 0.00 |
| 0.00 |
|
|
| 28,762,300.77 |
| 2,721,463.81 |
| 0.00 |
| 0.00 |
|
|
| 23,267,186.20 |
| 2,598,995.79 |
| 0.00 |
| 0.00 |
|
|
| 19,227,480.88 |
| 9,389,108.48 |
| 0.00 |
| 0.00 |
|
|
| 11,259,055.89 |
| 21,980,754.27 |
| 0.00 |
| 0.00 |
|
|
| 9,462,150.45 |
| 3,713,403.64 |
| 0.00 |
| 0.00 |
|
|
| 10,609,910.47 |
| 3,421,192.10 |
| 0.00 |
| 0.00 |
|
|
| 12,630,340.20 |
| 4,819,441.75 |
| 0.00 |
| 0.00 |
|
|
| 10,691,996.60 |
| 3,115,429.20 |
| 0.00 |
| 0.00 |
|
|
| 8,909,537.72 |
| 2,924,218.41 |
| 0.00 |
| 0.00 |
|
|
| 9,492,636.96 |
| 3,184,222.58 |
| 0.00 |
| 0.00 |
|
|
| 10,206,081.24 |
| 2,577,477.20 |
| 0.00 |
| 0.00 |
|
|
| 17,855,567.28 |
| 2,635,541.34 |
| 0.00 |
| 0.00 |
|
|
| 27,665,346.32 |
| 2,576,313.60 |
| 0.00 |
| 0.00 |
|
|
| 22,386,529.93 |
| 2,474,778.77 |
| 0.00 |
| 0.00 |
|
|
| 18,288,714.53 |
| 9,038,306.77 |
| 0.00 |
| 0.00 |
|
|
| 10,351,257.76 |
| 20,907,422.20 |
| 0.00 |
| 0.00 |
|
|
| 8,617,488.80 |
| 3,472,389.18 |
| 0.00 |
| 0.00 |
|
|
| 9,705,304.41 |
| 3,199,431.29 |
| 0.00 |
| 0.00 |
|
|
| 11,733,632.13 |
| 3,986,162.96 |
| 0.00 |
| 0.00 |
|
|
| 9,780,219.35 |
| 2,880,211.34 |
| 0.00 |
| 0.00 |
|
|
| 8,076,260.55 |
| 2,688,662.09 |
| 0.00 |
| 0.00 |
|
|
| 8,649,886.19 |
| 2,937,257.92 |
| 0.00 |
| 0.00 |
|
|
| 9,297,505.86 |
| 2,303,122.28 |
| 0.00 |
| 0.00 |
|
|
| 16,582,420.07 |
| 2,322,502.10 |
| 0.00 |
| 0.00 |
|
|
| 26,024,498.68 |
| 2,248,053.66 |
| 0.00 |
| 0.00 |
|
|
| 19,720,070.03 |
| 2,172,766.82 |
| 0.00 |
| 0.00 |
|
|
| 15,436,241.30 |
| 8,547,308.18 |
| 0.00 |
| 0.00 |
|
|
| 7,381,911.98 |
| 19,997,636.48 |
| 0.00 |
| 0.00 |
|
|
| 5,661,897.55 |
| 2,711,656.51 |
| 0.00 |
| 0.00 |
|
|
| 6,815,051.62 |
| 2,428,595.11 |
| 0.00 |
| 0.00 |
|
|
| 8,700,858.58 |
| 3,265,890.25 |
| 0.00 |
| 0.00 |
|
|
| 6,627,092.56 |
| 2,127,990.13 |
| 0.00 |
| 0.00 |
|
|
| 5,576,208.99 |
| 1,982,101.71 |
| 0.00 |
| 0.00 |
|
|
| 6,000,401.00 |
| 2,114,594.12 |
| 0.00 |
| 0.00 |
|
|
| 6,212,280.74 |
| 1,607,303.93 |
| 0.00 |
| 0.00 |
|
|
| 11,342,169.23 |
| 1,687,449.30 |
| 0.00 |
| 0.00 |
|
|
| 17,500,317.68 |
| 1,574,721.68 |
| 0.00 |
| 0.00 |
|
|
| 14,860,098.06 |
| 1,529,562.46 |
| 0.00 |
| 0.00 |
|
|
| 11,363,477.20 |
| 6,533,116.77 |
| 0.00 |
| 0.00 |
|
|
| 5,314,911.32 |
| 16,209,910.61 |
| 0.00 |
| 0.00 |
|
|
| 4,227,001.37 |
| 2,132,772.06 |
| 0.00 |
| 0.00 |
|
|
| 5,141,007.42 |
| 1,928,978.45 |
| 0.00 |
| 0.00 |
|
|
| 6,469,626.56 |
| 2,744,744.83 |
| 0.00 |
| 0.00 |
|
|
| 5,117,760.49 |
| 1,613,865.93 |
| 0.00 |
| 0.00 |
|
|
| 3,858,365.39 |
| 1,498,574.72 |
| 0.00 |
| 0.00 |
|
|
| 4,277,914.95 |
| 1,593,055.63 |
| 0.00 |
| 0.00 |
|
|
| 4,454,379.12 |
| 1,191,870.72 |
| 0.00 |
| 0.00 |
|
|
| 8,937,714.41 |
| 1,203,315.62 |
| 0.00 |
| 0.00 |
|
|
| 13,654,905.79 |
| 1,249,475.70 |
| 0.00 |
| 0.00 |
|
|
| 11,290,930.50 |
| 1,168,748.51 |
| 0.00 |
| 0.00 |
|
|
| 8,228,882.04 |
| 6,094,907.86 |
| 0.00 |
| 0.00 |
|
|
| 1,424,693.73 |
| 15,089,663.94 |
| 0.00 |
| 0.00 |
|
|
| 626,942.53 |
| 603,018.16 |
| 0.00 |
| 0.00 |
|
|
| 905,039.45 |
| 462,957.75 |
| 0.00 |
| 0.00 |
|
|
| 1,272,904.16 |
| 533,127.15 |
| 0.00 |
| 0.00 |
|
|
| 805,038.02 |
| 154,004.83 |
| 0.00 |
| 0.00 |
|
|
| 438,360.56 |
| 190,651.94 |
| 0.00 |
| 0.00 |
|
|
| 701,462.31 |
| 171,202.14 |
| 0.00 |
| 0.00 |
|
|
| 792,773.24 |
| 93,238.54 |
| 0.00 |
| 0.00 |
|
|
| 1,624,646.91 |
| 141,849.99 |
| 0.00 |
| 0.00 |
|
|
| 2,178,196.60 |
| 71,773.64 |
| 0.00 |
| 0.00 |
|
|
| 2,141,155.04 |
| 75,126.19 |
| 0.00 |
| 0.00 |
|
|
| 1,562,615.74 |
| 1,551,264.39 |
| 0.00 |
| 0.00 |
|
|
| 1,702.08 |
| 1,873,406.83 |
| 0.00 |
| 0.00 |
|
|
| 394.14 |
| 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 |
| 691,225,736.60 |
| 265,793,946.21 |
| 0.00 |
| 0.00 |
|
Discount Rate |
| 7.000 | % | 7.000 | % | 7.000 | % | 7.000 | % |
Beginning Contract Value |
| 603,453,653.93 |
| 0.00 |
| 0.00 |
| 0.00 |
|
Scheduled Contract Value Decline |
| 6,434,432.48 |
| 0.00 |
| 0.00 |
| 0.00 |
|
Unscheduled Contract Value Decline |
| 4,776,173.58 |
| 0.00 |
| 0.00 |
| 0.00 |
|
Additional Contract Value Added |
| 0.00 |
| 223,863,735.56 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
| 592,243,047.87 |
| 223,863,735.56 |
| 0.00 |
| 0.00 |
|
1
CNH Equipment Trust 2005-B
$202,000,000 Class A-1 3.90844% Asset Backed Notes due October 6, 2006
$292,000,000 Class A-2 4.17% Asset Backed Notes due April 15, 2008
$397,000,000 Class A-3 4.27% Asset Backed Notes due January 15, 2010
$81,750,000 Class A-4a Floating-Rate Asset Backed Notes due May 16, 2011
$137,000,000 Class A-4b 4.40% Asset Backed Notes due May 16, 2011
$28,750,000 Class B 4.57% Asset Backed Notes due July 16, 2012
$11,500,000 Class C 4.93% Asset Backed Notes due December 17, 2012
Dated Date (30/360) |
| 9/21/2005 |
|
|
| |
Dated Date (act/360) |
| 9/21/2005 |
|
|
| |
Scheduled Payment Date |
| 10/15/2005 |
|
|
| |
Actual Payment Date |
| 10/17/2005 |
|
|
| |
Days in accrual period (30/360) |
| 24 |
|
|
| |
Days in accrual period (act/360) |
| 26 |
|
|
| |
1 month LIBOR Rate |
| 3.81188 | % |
|
| |
|
|
|
|
|
| |
Collateral Summary |
|
|
|
|
| |
Wtd. Average Discount Rate |
| 7.000 | % |
|
| |
Beginning Contract Value |
| 603,453,653.93 |
|
|
| |
Scheduled Contract Value Decline |
| 6,434,432.48 |
|
|
| |
Unscheduled Contract Value Decline |
| 4,776,173.58 |
|
|
| |
Additional Contract Value Purchased |
| 223,863,735.56 |
|
|
| |
Ending Contract Value |
| 816,106,783.43 |
|
|
| |
|
|
|
|
|
| |
Beginning Pre-funding Account Balance |
| 546,546,346.07 |
|
|
| |
Ending Pre-funding Account Balance |
| 322,682,610.51 |
|
|
| |
|
|
|
|
|
| |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) |
| 1,150,000,000.00 |
|
|
| |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) |
| 1,138,789,393.94 |
|
|
| |
|
|
|
|
|
| |
Collateral Performance |
|
|
|
|
| |
Scheduled Amounts 30 - 59 days past due |
| $ | 120,419.10 |
| 0.01 | % |
Scheduled Amounts 60 days or more past due |
| $ | 7,210.09 |
| 0.00 | % |
Net Losses on Liquidated Receivables |
| $ | 398.57 |
| 0.00 | % |
Cumulative Net Losses |
| $ | 398.57 |
|
|
|
Number of Loans at Beginning of Period |
| 22,302 |
|
|
| |
Number of Loans at End of Period |
| 28,380 |
|
|
| |
Repossessed Equipment not Sold or Reassigned (Beginning) |
| $ | 0.00 |
|
|
|
Repossessed Equipment not Sold or Reassigned (End) |
| $ | 0.00 |
|
|
|
|
|
|
|
|
| |
Collections and Reinvestment Income |
|
|
|
|
| |
Receipts During the period |
| $ | 14,538,810.50 |
|
|
|
|
|
|
|
|
| |
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 |
| $ | 14,538,810.50 |
|
|
|
|
|
|
|
|
| |
Reinvestment Income (excluding Pre-funding Account) |
| $ | 24,751.37 |
|
|
|
Reinvestment Income on Pre-funding Account) |
| $ | 542,211.87 |
|
|
|
|
|
|
|
|
| |
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 |
| $ | 15,105,773.74 |
|
|
|
|
|
|
|
|
| |
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-B
$202,000,000 Class A-1 3.90844% Asset Backed Notes due October 6, 2006
$292,000,000 Class A-2 4.17% Asset Backed Notes due April 15, 2008
$397,000,000 Class A-3 4.27% Asset Backed Notes due January 15, 2010
$81,750,000 Class A-4a Floating-Rate Asset Backed Notes due May 16, 2011
$137,000,000 Class A-4b 4.40% Asset Backed Notes due May 16, 2011
$28,750,000 Class B 4.57% Asset Backed Notes due July 16, 2012
$11,500,000 Class C 4.93% Asset Backed Notes due December 17, 2012
Actual Payment Date |
|
|
|
|
|
|
| 10/17/2005 |
|
Caclulation of Distributable Amounts |
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
| ||
Backup Servicer Engaged? |
|
|
|
|
|
|
| YES |
| ||
Current Backup Servicing Fee Due |
|
|
|
|
|
|
| $ | 10,057.56 |
| |
Past Due Backup Servicing Fee |
|
|
|
|
|
|
| $ | 0.00 |
| |
Total Backup Servicing Fee Due |
|
|
|
|
|
|
| $ | 10,057.56 |
| |
|
|
|
|
|
|
|
|
|
| ||
CNH or SST? |
|
|
|
|
|
|
| CNH |
| ||
Current Servicing Fee Due |
|
|
|
|
|
|
| $ | 502,878.04 |
| |
Past Due Servicing Fee |
|
|
|
|
|
|
| $ | 0.00 |
| |
Total Servicing Fee Due |
|
|
|
|
|
|
| $ | 502,878.04 |
| |
|
|
|
|
|
|
|
|
|
| ||
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 (Beginning of Period) |
|
|
|
|
|
|
| $ | 1,150,000,000.00 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 202,000,000.00 |
| |
A-2 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 292,000,000.00 |
| |
A-3b notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 397,000,000.00 |
| |
A-4a notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 81,750,000.00 |
| |
A-4b notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 137,000,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 28,750,000.00 |
| |
C notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 11,500,000.00 |
| |
|
|
|
|
|
|
|
|
|
| ||
|
|
|
| Coupon/ |
| Swap Adj. |
|
|
| ||
|
| Type |
| Spread |
| Coupon |
|
|
| ||
A-1 notes Current Interest Due |
| Fix |
| 3.90844 | % | 3.90844 | % | $ | 570,197.97 |
| |
A-2 notes Current Interest Due |
| Fix |
| 4.17000 | % | 4.17000 | % | $ | 811,760.00 |
| |
A-3 notes Current Interest Due |
| Fix |
| 4.27000 | % | 4.27000 | % | $ | 1,130,126.67 |
| |
A-4a notes Current Interest Due |
| Flt |
| 0.06000 | % | 4.32700 | % | $ | 228,602.25 |
| |
A-4b notes Current Interest Due |
| Fix |
| 4.40000 | % | 4.40000 | % | $ | 401,866.67 |
| |
B notes Current Interest Due |
| Fix |
| 4.57000 | % | 4.57000 | % | $ | 87,591.67 |
| |
C notes Current Interest Due |
| Fix |
| 4.93000 | % | 4.93000 | % | $ | 37,796.67 |
| |
|
|
|
|
|
|
|
|
|
| ||
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 |
| |
C notes Current Interest Due |
|
|
|
|
|
|
| $ | 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 |
| |
C notes Interest Due on Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
| ||
A-1 notes Total Interest Due |
|
|
|
|
|
|
| $ | 570,197.97 |
| |
A-2 notes Total Interest Due |
|
|
|
|
|
|
| $ | 811,760.00 |
| |
A-3 notes Total Interest Due |
|
|
|
|
|
|
| $ | 1,130,126.67 |
| |
A-4a notes Total Interest Due |
|
|
|
|
|
|
| $ | 228,602.25 |
| |
A-4b notes Total Interest Due |
|
|
|
|
|
|
| $ | 401,866.67 |
| |
B notes Total Interest Due |
|
|
|
|
|
|
| $ | 87,591.67 |
| |
C notes Total Interest Due |
|
|
|
|
|
|
| $ | 37,796.67 |
| |
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
| 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 |
|
|
|
|
| 4.32700 | % | $ | 10,761.75 |
| |
A-4b Net Swap Payment Due |
|
|
|
|
| 0.00000 | % | $ | 0.00 |
| |
B Net Swap Payment Due |
|
|
|
|
| 0.00000 | % | $ | 0.00 |
| |
C 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 |
| |
C 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 |
| |
C 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 |
|
|
|
|
|
|
| $ | 10,761.75 |
| |
A-4b Total Net Swap Payment Due |
|
|
|
|
|
|
| $ | 0.00 |
| |
B Total Net Swap Payment Due |
|
|
|
|
|
|
| $ | 0.00 |
| |
C 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 |
| |
3
A-4a Net Swap Receipt |
|
|
|
|
|
|
| $ | 0.00 |
|
A-4b Net Swap Receipt |
|
|
|
|
|
|
| $ | 0.00 |
|
B Net Swap Receipt |
|
|
|
|
|
|
| $ | 0.00 |
|
C Net Swap Receipt |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
| |
A-1 notes Principal Due |
|
|
|
|
|
|
| $ | 11,210,606.06 |
|
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 notes Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
| |
Class C notes Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
| |
Total notes Interest Due |
|
|
|
|
|
|
| $ | 3,267,941.90 |
|
Total notes Principal Due |
|
|
|
|
|
|
| $ | 11,210,606.06 |
|
Net Swap/Termination Payment Due |
|
|
|
|
|
|
| $ | 10,761.75 |
|
Total notes Distributable Amount |
|
|
|
|
|
|
| $ | 14,489,309.71 |
|
4
CNH Equipment Trust 2005-B
$202,000,000 Class A-1 3.90844% Asset Backed Notes due October 6, 2006
$292,000,000 Class A-2 4.17% Asset Backed Notes due April 15, 2008
$397,000,000 Class A-3 4.27% Asset Backed Notes due January 15, 2010
$81,750,000 Class A-4a Floating-Rate Asset Backed Notes due May 16, 2011
$137,000,000 Class A-4b 4.40% Asset Backed Notes due May 16, 2011
$28,750,000 Class B 4.57% Asset Backed Notes due July 16, 2012
$11,500,000 Class C 4.93% Asset Backed Notes due December 17, 2012
Actual Payment Date |
| 10/17/2005 |
|
|
| ||||
|
|
|
|
|
| ||||
Cash Available for Distribution |
|
|
|
|
| ||||
Total Collections + Reinvestment Income For The Period |
| $ | 15,105,773.74 |
|
|
| |||
|
|
|
|
|
| ||||
Beginning Negitive Carry Account |
| $ | 4,099,675.42 |
|
|
| |||
Deposits from Negitive Carry Account to Distribution Account |
| $ | 1,016,017.26 |
|
|
| |||
|
|
|
|
|
| ||||
Beginning Spread Account Balance |
| $ | 10,560,438.94 |
|
|
| |||
Additional Deposit to Spread Account from Pre-funding |
| $ | 3,917,615.37 |
|
|
| |||
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 |
| $ | 16,121,791.00 |
|
|
| |||
|
|
|
|
|
| ||||
|
|
|
| Available |
| ||||
|
|
|
| Cash |
| ||||
Cash Allocation (Cashflow Waterfall) |
|
|
|
|
| ||||
Backup Servicing Fee Paid |
| $ | 10,057.56 |
|
|
| |||
Backup Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |||
|
|
|
| 16,111,733.44 |
| ||||
Servicing Fee Paid |
| $ | 502,878.04 |
|
|
| |||
Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |||
|
|
|
| $ | 15,608,855.40 |
| |||
Administration Fee Paid |
| $ | 166.67 |
|
|
| |||
Administration Fee Shortfall |
| $ | 0.00 |
|
|
| |||
|
|
|
| $ | 15,608,688.73 |
| |||
Net Swap Payment Paid |
| $ | 10,761.75 |
|
|
| |||
Net Swap Payment Shortfall |
| $ | 0.00 |
|
|
| |||
|
|
|
|
|
| ||||
Remaining Cash Available to Pay Note Interest & Swap Termination Payment |
|
|
| $ | 15,597,926.98 |
| |||
|
|
|
|
|
| ||||
Cash Available to Pay Note Interest |
| $ | 15,597,926.98 |
|
|
| |||
Cash Available to Pay Termination Payment |
| $ | 0.00 |
|
|
| |||
|
|
|
|
|
| ||||
Class A-1 notes Interest Paid |
| $ | 570,197.97 |
|
|
| |||
Class A-2 notes Interest Paid |
| $ | 811,760.00 |
|
|
| |||
Class A-3 notes Interest Paid |
| $ | 1,130,126.67 |
|
|
| |||
Class A-4a notes Interest Paid |
| $ | 228,602.25 |
|
|
| |||
Class A-4b notes Interest Paid |
| $ | 401,866.67 |
|
|
| |||
|
|
|
| $ | 12,455,373.42 |
| |||
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 |
| $ | 0.00 |
|
|
| |||
Class A-4b notes Interest Shortfall |
| $ | 0.00 |
|
|
| |||
|
|
|
|
|
| ||||
Swap Termination Payment Paid |
| $ | 0.00 |
|
|
| |||
Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |||
|
|
|
| $ | 12,455,373.42 |
| |||
Class B notes Interest Paid |
| $ | 87,591.67 |
|
|
| |||
Class B notes Interest Shortfall |
| $ | 0.00 |
|
|
| |||
|
|
|
| $ | 12,367,781.75 |
| |||
Class C notes Interest Paid |
| $ | 37,796.67 |
|
|
| |||
Class C notes Interest Shortfall |
| $ | 0.00 |
|
|
| |||
|
|
|
|
|
| ||||
|
|
|
| $ | 12,329,985.08 |
| |||
Class A-1 notes Principal Paid |
| $ | 11,210,606.06 |
|
|
| |||
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 |
| $ | 0.00 |
|
|
| |||
|
|
|
| $ | 1,119,379.02 |
| |||
Class C notes Principal Paid |
| $ | 0.00 |
|
|
| |||
|
|
|
|
|
| ||||
Deposits to Spread Account |
| $ | 1,119,379.02 |
|
|
| |||
|
|
|
| $ | 0.00 |
| |||
Total Principal Balance of Notes (End of Period) |
| $ | 1,138,789,393.94 |
|
|
| |||
A-1 notes Ending Principal balance |
| $ | 190,789,393.94 |
|
|
| |||
A-2 notes Ending Principal balance |
| $ | 292,000,000.00 |
|
|
| |||
A-3 notes Ending Principal balance |
| $ | 397,000,000.00 |
|
|
| |||
A-4a notes Ending Principal balance |
| $ | 81,750,000.00 |
|
|
| |||
A-4b notes Ending Principal balance |
| $ | 137,000,000.00 |
|
|
| |||
B notes Ending Principal balance |
| $ | 28,750,000.00 |
|
|
| |||
C notes Ending Principal balance |
| $ | 11,500,000.00 |
|
|
| |||
|
|
|
|
|
| ||||
Release to Seller as Excess |
| $ | 0.00 |
| $ | 0.00 |
| ||
5
CNH Equipment Trust 2005-B
$202,000,000 Class A-1 3.90844% Asset Backed Notes due October 6, 2006
$292,000,000 Class A-2 4.17% Asset Backed Notes due April 15, 2008
$397,000,000 Class A-3 4.27% Asset Backed Notes due January 15, 2010
$81,750,000 Class A-4a Floating-Rate Asset Backed Notes due May 16, 2011
$137,000,000 Class A-4b 4.40% Asset Backed Notes due May 16, 2011
$28,750,000 Class B 4.57% Asset Backed Notes due July 16, 2012
$11,500,000 Class C 4.93% Asset Backed Notes due December 17, 2012
Actual Payment Date |
|
|
|
|
| 10/17/2005 |
|
|
|
|
|
|
|
|
|
|
| Amount |
| Factor |
| Per/$1000 |
| |||
Summary and Factors |
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes (Beginning of Period) |
|
|
|
|
| $ | 1,150,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
| $ | 202,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-2 notes Beginning Principal balance |
|
|
|
|
| $ | 292,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-3 notes Beginning Principal balance |
|
|
|
|
| $ | 397,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-4a notes Beginning Principal balance |
|
|
|
|
| $ | 81,750,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-4b notes Beginning Principal balance |
|
|
|
|
| $ | 137,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
| $ | 28,750,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
C notes Beginning Principal balance |
|
|
|
|
| $ | 11,500,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes (End of Period) |
|
|
|
|
| $ | 1,138,789,393.94 |
| 0.9902516 |
| $ | 990.25 |
| |
A-1 notes Ending Principal balance |
|
|
| $ | 202,000,000.00 |
| $ | 190,789,393.94 |
| 0.9445020 |
| $ | 944.50 |
|
A-2 notes Ending Principal balance |
| Pro rata% |
| $ | 292,000,000.00 |
| $ | 292,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
A-3 notes Ending Principal balance |
| 100.00 | % | $ | 397,000,000.00 |
| $ | 397,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
A-4a notes Ending Principal balance |
| 37.37 | % | $ | 81,750,000.00 |
| $ | 81,750,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
A-4b notes Ending Principal balance |
| 62.63 | % | $ | 137,000,000.00 |
| $ | 137,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
B notes Ending Principal balance |
|
|
| $ | 28,750,000.00 |
| $ | 28,750,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
C notes Ending Principal balance |
|
|
| $ | 11,500,000.00 |
| $ | 11,500,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Class A-1 notes Interest Paid |
|
|
|
|
| $ | 570,197.97 |
| 0.0028228 |
| $ | 2.82 |
| |
Class A-2 notes Interest Paid |
|
|
|
|
| $ | 811,760.00 |
| 0.0027800 |
| $ | 2.78 |
| |
Class A-3 notes Interest Paid |
|
|
|
|
| $ | 1,130,126.67 |
| 0.0028467 |
| $ | 2.85 |
| |
Class A-4a notes Interest Paid |
|
|
|
|
| $ | 228,602.25 |
| 0.0027964 |
| $ | 2.80 |
| |
Class A-4b notes Interest Paid |
|
|
|
|
| $ | 401,866.67 |
| 0.0029333 |
| $ | 2.93 |
| |
Class B notes Interest Paid |
|
|
|
|
| $ | 87,591.67 |
| 0.0030467 |
| $ | 3.05 |
| |
Class C notes Interest Paid |
|
|
|
|
| $ | 37,796.67 |
| 0.0032867 |
| $ | 3.29 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
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 |
| |
Class C notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Class A-1 notes Principal Paid |
|
|
|
|
| $ | 11,210,606.06 |
| 0.0554980 |
| $ | 55.50 |
| |
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 |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class C notes Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Negative Carry Account |
|
|
|
|
|
|
|
|
|
|
| |||
Negative Carry |
| 1.00000 | % | 9/21/2005 |
| 3.2178 | % |
|
|
|
| |||
Negative Carry Days Remaining |
|
|
| 12/15/2005 |
| 60 |
|
|
|
|
| |||
Required Negative Carry Account |
|
|
|
|
| $ | 1,730,522.16 |
|
|
|
|
| ||
Beginning Negative Carry Account |
|
|
|
|
| $ | 4,099,675.42 |
|
|
|
|
| ||
Negative Carry Account Withdrawls to Distribution Account |
|
|
|
|
| $ | 1,016,017.26 |
|
|
|
|
| ||
Negative Carry Released to Seller |
|
|
|
|
| $ | 1,353,136.00 |
|
|
|
|
| ||
Ending Negative Carry Account Balance |
|
|
|
|
| $ | 1,730,522.16 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
Spread Account |
|
|
|
|
|
|
|
|
|
|
| |||
Required Spread Account Deposit (Add Loans) |
|
|
| 1.75 | % | $ | 3,917,615.37 |
|
|
|
|
| ||
Required Spread Account Target |
|
|
| 2.00 | % | $ | 16,322,135.67 |
|
|
|
|
| ||
Required Spread Account Floor |
|
|
| 1.75 | % | $ | 14,478,054.32 |
|
|
|
|
| ||
Required Spread Account |
|
|
|
|
| $ | 16,322,135.67 |
|
|
|
|
| ||
Beginning Spread Account Balance |
|
|
|
|
| $ | 10,560,438.94 |
|
|
|
|
| ||
Additional Deposit to Spread Account from Pre-funding |
|
|
|
|
| $ | 3,917,615.37 |
|
|
|
|
| ||
Spread Account Withdrawls to Distribution Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Spread Account Deposits from Excess Cash |
|
|
|
|
| $ | 1,119,379.02 |
|
|
|
|
| ||
Spread Account Released to Seller |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Ending Spread Account Balance |
|
|
|
|
| $ | 15,597,433.33 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
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 |
|
|
|
|
| $ | 546,546,346.07 |
|
|
|
|
| ||
New Contract Value Purchased |
|
|
|
|
| $ | 223,863,735.56 |
|
|
|
|
| ||
Deposits to Spread Account |
|
|
|
|
| $ | 3,917,615.37 |
|
|
|
|
| ||
Deposits to Principal Supplement Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Release to Seller for Purchased Amount |
|
|
|
|
| $ | 219,946,120.19 |
|
|
|
|
| ||
Ending Pre-funding Account Balance |
|
|
|
|
| $ | 322,682,610.51 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Release to Seller |
|
|
|
|
| $ | 221,802,300.90 |
|
|
|
|
| ||
6
