Exhibit 20.1
CNH Equipment Trust 2004-A
$335,000,000 Class A-1 2.0008% Asset Backed Notes due October 14, 2005
$318,000,000 Class A-2 2.42% Asset Backed Notes due March 15, 2007
$247,000,000 Class A-3a Floating-Rate Asset Backed Notes due October 15, 2008
$223,000,000 Class A-3b 2.94% Asset Backed Notes due October 15, 2008
$165,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2011
$142,250,000 Class A-4b 3.47% Asset Backed Notes due September 15, 2011
$45,000,000 Class B 3.31% Asset Backed Notes due September 15, 2011
$26,250,000 3.31% Asset Backed Certificates
Please contact Kathy Aber at 262-636-7706 with any questions regarding this report or email abs@cnh.com
For additional information consult http://investors.cnh.com
| | 1 | | 2 | | 3 | | 4 | |
| | 4 | | 4 | | 4 | | 4 | |
Cutoff Date | | 11/30/2005 | |
Date Added | | 8/31/2004 | | 9/30/2004 | | 10/31/2004 | | 11/31/2004 | |
Pool | | Pool 1 | | Pool 2 | | Pool 3 | | Pool 4 | |
Scheduled Cashflows | | 5,858,379.87 | | 1,053,402.82 | | 643,361.91 | | 0.00 | |
| | 18,074,960.98 | | 2,709,372.84 | | 1,623,495.39 | | 0.00 | |
| | 22,036,259.09 | | 2,340,579.22 | | 1,531,956.34 | | 0.00 | |
| | 25,305,199.87 | | 2,259,336.16 | | 1,197,988.55 | | 0.00 | |
| | 31,418,140.79 | | 2,384,242.90 | | 1,620,102.46 | | 0.00 | |
| | 28,539,769.45 | | 2,040,575.23 | | 1,467,589.02 | | 0.00 | |
| | 25,758,714.21 | | 1,918,160.01 | | 1,269,039.34 | | 0.00 | |
| | 28,343,668.68 | | 1,997,399.40 | | 1,348,406.45 | | 0.00 | |
| | 24,781,972.72 | | 1,973,951.10 | | 1,308,291.96 | | 0.00 | |
| | 19,887,821.90 | | 6,802,552.96 | | 1,282,797.14 | | 0.00 | |
| | 14,362,075.47 | | 11,531,770.08 | | 5,723,651.65 | | 0.00 | |
| | 13,961,260.73 | | 2,094,710.59 | | 6,976,378.35 | | 0.00 | |
| | 14,776,725.52 | | 2,465,914.33 | | 1,744,144.00 | | 0.00 | |
| | 19,097,108.86 | | 3,044,004.80 | | 1,686,642.80 | | 0.00 | |
| | 21,105,457.87 | | 2,275,806.62 | | 1,396,737.29 | | 0.00 | |
| | 23,912,511.99 | | 2,039,468.57 | | 1,078,400.26 | | 0.00 | |
| | 29,835,854.15 | | 2,173,742.95 | | 1,476,558.13 | | 0.00 | |
| | 26,118,363.40 | | 1,791,043.60 | | 1,311,050.13 | | 0.00 | |
| | 22,860,221.50 | | 1,678,911.99 | | 1,109,596.62 | | 0.00 | |
| | 25,325,383.10 | | 1,751,990.42 | | 1,178,920.35 | | 0.00 | |
| | 21,171,167.50 | | 1,681,710.08 | | 1,118,083.77 | | 0.00 | |
| | 15,928,248.80 | | 6,412,219.33 | | 1,084,454.23 | | 0.00 | |
| | 10,211,480.64 | | 10,893,927.52 | | 5,368,830.97 | | 0.00 | |
| | 10,110,614.24 | | 1,470,822.77 | | 6,530,954.18 | | 0.00 | |
| | 10,699,577.38 | | 1,761,872.92 | | 1,356,851.63 | | 0.00 | |
| | 14,631,509.52 | | 2,331,585.69 | | 1,333,440.73 | | 0.00 | |
| | 15,588,908.01 | | 1,588,374.75 | | 1,055,850.75 | | 0.00 | |
| | 17,709,560.75 | | 1,353,909.31 | | 762,797.91 | | 0.00 | |
| | 22,413,680.31 | | 1,535,264.04 | | 1,123,274.97 | | 0.00 | |
| | 19,307,883.32 | | 1,192,353.44 | | 927,743.98 | | 0.00 | |
| | 16,688,047.32 | | 1,050,925.20 | | 809,816.65 | | 0.00 | |
| | 18,854,598.65 | | 1,135,532.45 | | 869,729.49 | | 0.00 | |
| | 14,983,565.29 | | 1,041,784.20 | | 795,463.70 | | 0.00 | |
| | 10,983,184.88 | | 4,365,529.91 | | 784,991.04 | | 0.00 | |
| | 6,653,748.88 | | 8,394,296.20 | | 4,551,410.53 | | 0.00 | |
| | 6,427,472.50 | | 1,026,217.58 | | 5,450,024.26 | | 0.00 | |
| | 7,295,573.76 | | 1,366,460.29 | | 914,788.00 | | 0.00 | |
| | 10,687,031.60 | | 1,927,913.65 | | 984,543.48 | | 0.00 | |
| | 11,525,852.31 | | 1,145,569.79 | | 711,655.26 | | 0.00 | |
| | 12,417,274.37 | | 956,896.53 | | 453,812.63 | | 0.00 | |
| | 17,084,379.14 | | 1,130,330.73 | | 713,807.26 | | 0.00 | |
| | 13,551,647.26 | | 847,377.05 | | 543,008.53 | | 0.00 | |
| | 11,176,306.91 | | 703,602.31 | | 482,665.25 | | 0.00 | |
| | 12,472,313.26 | | 794,662.23 | | 515,188.02 | | 0.00 | |
| | 8,887,853.47 | | 965,135.73 | | 467,303.66 | | 0.00 | |
| | 5,497,132.06 | | 3,779,402.57 | | 468,353.33 | | 0.00 | |
| | 1,120,548.95 | | 7,565,931.84 | | 3,909,278.89 | | 0.00 | |
| | 843,657.08 | | 341,311.62 | | 4,600,910.32 | | 0.00 | |
| | 1,022,368.29 | | 367,509.50 | | 249,447.48 | | 0.00 | |
| | 1,375,750.61 | | 528,325.06 | | 264,273.39 | | 0.00 | |
| | 1,836,312.53 | | 243,365.98 | | 87,503.14 | | 0.00 | |
| | 2,094,655.91 | | 139,888.96 | | 52,629.75 | | 0.00 | |
| | 3,699,423.66 | | 141,588.01 | | 143,381.10 | | 0.00 | |
| | 2,436,740.77 | | 172,007.70 | | 69,422.84 | | 0.00 | |
| | 1,621,994.16 | | 89,963.94 | | 44,904.69 | | 0.00 | |
| | 1,831,337.58 | | 80,819.17 | | 71,793.11 | | 0.00 | |
| | 1,526,264.84 | | 107,683.78 | | 46,507.47 | | 0.00 | |
| | 1,338,840.36 | | 831,714.14 | | 44,052.42 | | 0.00 | |
| | 4,594.94 | | 1,112,242.27 | | 1,182,392.47 | | 0.00 | |
| | 1,417.60 | | 308.56 | | 475,854.29 | | 0.00 | |
| | 9,727.65 | | 4,384.58 | | 519.87 | | 0.00 | |
| | 0.00 | | 0.00 | | 822.04 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | | | | | | | | |
Total Amount of Scheduled Cashflow | | 805,082,097.21 | | 128,907,657.97 | | 88,397,645.62 | | 0.00 | |
Discount Rate | | 6.250 | % | 6.250 | % | 6.250 | % | 6.250 | % |
Beginning Contract Value | | 746,531,670.28 | | 119,611,212.99 | | 82,386,806.62 | | 0.00 | |
Scheduled Contract Value Decline | | 15,574,600.73 | | 2,996,734.38 | | 2,538,816.27 | | 0.00 | |
Unscheduled Contract Value Decline | | 3,847,102.16 | | 1,739,330.50 | | 1,460,213.65 | | 0.00 | |
Additional Contract Value Added | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
Ending Contract Value | | 727,109,967.38 | | 114,875,148.12 | | 78,387,776.70 | | 0.00 | |
CNH Equipment Trust 2004-A
$335,000,000 Class A-1 2.0008% Asset Backed Notes due October 14, 2005
$318,000,000 Class A-2 2.42% Asset Backed Notes due March 15, 2007
$247,000,000 Class A-3a Floating-Rate Asset Backed Notes due October 15, 2008
$223,000,000 Class A-3b 2.94% Asset Backed Notes due October 15, 2008
$165,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2011
$142,250,000 Class A-4b 3.47% Asset Backed Notes due September 15, 2011
$45,000,000 Class B 3.31% Asset Backed Notes due September 15, 2011
$26,250,000 3.31% Asset Backed Certificates
Dated Date (30/360) | | 11/15/2005 | | | |
Dated Date (act/360) | | 11/15/2005 | | | |
Scheduled Payment Date | | 12/15/2005 | | | |
Actual Payment Date | | 12/15/2005 | | | |
Days in accrual period (30/360) | | 30 | | | |
Days in accrual period (act/360) | | 30 | | | |
1 month LIBOR Rate | | 4.12000 | % | | |
| | | | | |
Collateral Summary | | | | | |
Wtd. Average Discount Rate | | 6.250 | % | | |
Beginning Contract Value | | 948,529,689.90 | | | |
Scheduled Contract Value Decline | | 21,110,151.38 | | | |
Unscheduled Contract Value Decline | | 7,046,646.31 | | | |
Additional Contract Value Purchased | | 0.00 | | | |
Ending Contract Value | | 920,372,892.20 | | | |
| | | | | |
Beginning Pre-funding Account Balance | | 0.00 | | | |
Ending Pre-funding Account Balance | | 0.00 | | | |
| | | | | |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) | | 948,529,689.90 | | | |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) | | 920,372,892.20 | | | |
| | | | | |
Collateral Performance | | | | | |
Scheduled Amounts 30 - 59 days past due | | $ | 582,645.94 | | 0.06 | % |
Scheduled Amounts 60 days or more past due | | $ | 1,049,502.40 | | 0.11 | % |
Net Losses on Liquidated Receivables | | $ | 561,120.93 | | 0.06 | % |
Cumulative Net Losses | | $ | 2,725,912.36 | | | |
Number of Loans at Beginning of Period | | 50,879 | | | |
Number of Loans at End of Period | | 50,374 | | | |
Repossessed Equipment not Sold or Reassigned (Beginning) | | $ | 1,427,340.76 | | | |
Repossessed Equipment not Sold or Reassigned (End) | | $ | 2,038,674.13 | | | |
| | | | | |
Collections and Reinvestment Income | | | | | |
Receipts During the period | | $ | 32,599,138.88 | | | |
| | | | | |
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 | | $ | 32,599,138.88 | | | |
| | | | | |
Reinvestment Income (excluding Pre-funding Account) | | $ | 194,373.97 | | | |
Reinvestment Income on Pre-funding Account) | | $ | 0.00 | | | |
| | | | | |
Net Swap Receipts | | 354,579.17 | | | |
Net Swap Termination Payments due Trust from the Swap CounterParty | | $ | 0.00 | | | |
| | | | | |
Total Collections + Reinvestment Income For The Period + Swap Receipt | | $ | 33,148,092.02 | | | |
| | | | | |
Swap Termination Payments due to Swap CounterParty | | $ | 0.00 | | | |
Prior Swap Termination Payment Shortfall | | $ | 0.00 | | | |
Total Swap Termination Payment due to Swap CounterParty | | $ | 0.00 | | | |
2
CNH Equipment Trust 2004-A
$335,000,000 Class A-1 2.0008% Asset Backed Notes due October 14, 2005
$318,000,000 Class A-2 2.42% Asset Backed Notes due March 15, 2007
$247,000,000 Class A-3a Floating-Rate Asset Backed Notes due October 15, 2008
$223,000,000 Class A-3b 2.94% Asset Backed Notes due October 15, 2008
$165,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2011
$142,250,000 Class A-4b 3.47% Asset Backed Notes due September 15, 2011
$45,000,000 Class B 3.31% Asset Backed Notes due September 15, 2011
$26,250,000 3.31% Asset Backed Certificates
Actual Payment Date | | | | | | | | | | 12/15/2005 | |
| | | | | | | | | | | |
Caclulation of Distributable Amounts | | | | | | | | | | | |
| | | | | | | | | | | |
Backup Servicer Engaged? | | | | | | | | | | YES | |
Current Backup Servicing Fee Due | | | | | | | | | | $ | 15,808.83 | |
Past Due Backup Servicing Fee | | | | | | | | | | $ | 0.00 | |
Total Backup Servicing Fee Due | | | | | | | | | | $ | 15,808.83 | |
| | | | | | | | | | | |
CNH or SST? | | | | | | | | | | CNH | |
Current Servicing Fee Due | | | | | | | | | | $ | 790,441.41 | |
Past Due Servicing Fee | | | | | | | | | | $ | 0.00 | |
Total Servicing Fee Due | | | | | | | | | | $ | 790,441.41 | |
| | | | | | | | | | | |
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) | | | | | | | | | | $ | 948,529,689.90 | |
A-1 notes Beginning Principal balance | | | | | | | | | | $ | 0.00 | |
A-2 notes Beginning Principal balance | | | | | | | | | | $ | 116,573,799.20 | |
A-3a notes Beginning Principal balance | | | | | | | | | | $ | 247,000,000.00 | |
A-3b notes Beginning Principal balance | | | | | | | | | | $ | 223,000,000.00 | |
A-4a notes Beginning Principal balance | | | | | | | | | | $ | 165,000,000.00 | |
A-4b notes Beginning Principal balance | | | | | | | | | | $ | 142,250,000.00 | |
B notes Beginning Principal balance | | | | | | | | | | $ | 28,455,890.70 | |
Certificate Beginning Principal balance | | | | | | | | | | $ | 26,250,000.00 | |
| | | | Coupon/ | | Swap Adj. | | | | | |
| | Type | | Spread | | Coupon | | | | | |
A-1 notes Current Interest Due | | Fix | | 2.00080 | % | 2.00080 | % | | | $ | 0.00 | |
A-2 notes Current Interest Due | | Fix | | 2.42000 | % | 2.42000 | % | | | $ | 235,090.50 | |
A-3a notes Current Interest Due | | Flt | | 0.07000 | % | 2.95500 | % | | | $ | 862,441.67 | |
A-3b notes Current Interest Due | | Fix | | 2.94000 | % | 2.94000 | % | | | $ | 546,350.00 | |
A-4a notes Current Interest Due | | Flt | | 0.11000 | % | 3.50000 | % | | | $ | 581,625.00 | |
A-4b notes Current Interest Due | | Fix | | 3.48000 | % | 3.48000 | % | | | $ | 412,525.00 | |
B notes Current Interest Due | | Fix | | 3.31000 | % | 3.31000 | % | | | $ | 78,490.83 | |
Certificate Current Interest Due | | Fix | | 3.31000 | % | 3.31000 | % | | | $ | 72,406.25 | |
| | | | | | | | | | | |
A-1 notes Past Due Interest | | | | | | | | | | $ | 0.00 | |
A-2 notes Past Due Interest | | | | | | | | | | $ | 0.00 | |
A-3a notes Past Due Interest | | | | | | | | | | $ | 0.00 | |
A-3b notes Past Due Interest | | | | | | | | | | $ | 0.00 | |
A-4a notes Past Due Interest | | | | | | | | | | $ | 0.00 | |
A-4b notes Past Due Interest | | | | | | | | | | $ | 0.00 | |
B notes Past Due Interest | | | | | | | | | | $ | 0.00 | |
Certificate Past Due Interest | | | | | | | | | | $ | 0.00 | |
| | | | | | | | | | | |
A-1 notes Interest Due on Past Due Interest | | | | | | | | | | $ | 0.00 | |
A-2 notes Interest Due on Past Due Interest | | | | | | | | | | $ | 0.00 | |
A-3a notes Interest Due on Past Due Interest | | | | | | | | | | $ | 0.00 | |
A-3b notes Interest Due on Past Due Interest | | | | | | | | | | $ | 0.00 | |
A-4a notes Interest Due on Past Due Interest | | | | | | | | | | $ | 0.00 | |
A-4b notes Interest Due on Past Due Interest | | | | | | | | | | $ | 0.00 | |
B notes Interest Due on Past Due Interest | | | | | | | | | | $ | 0.00 | |
Certificate Interest Due on Past Due Interest | | | | | | | | | | $ | 0.00 | |
| | | | | | | | | | | |
A-1 notes Total Interest Due | | | | | | | | | | $ | 0.00 | |
A-2 notes Total Interest Due | | | | | | | | | | $ | 235,090.50 | |
A-3a notes Total Interest Due | | | | | | | | | | $ | 862,441.67 | |
A-3b notes Total Interest Due | | | | | | | | | | $ | 546,350.00 | |
A-4a notes Total Interest Due | | | | | | | | | | $ | 581,625.00 | |
A-4b notes Total Interest Due | | | | | | | | | | $ | 412,525.00 | |
B notes Total Interest Due | | | | | | | | | | $ | 78,490.83 | |
Certificate Total Interest Due | | | | | | | | | | $ | 72,406.25 | |
| | | | | | 1 Month LIBOR | | | | | |
| | | | | | Fixed Coupon | | | | | |
A-1 Net Swap Payment Due | | | | | | 0.00000 | % | | | $ | 0.00 | |
A-2 Net Swap Payment Due | | | | | | 0.00000 | % | | | $ | 0.00 | |
A-3a Net Swap Payment Due | | | | | | 2.88500 | % | | | $ | 0.00 | |
A-3b Net Swap Payment Due | | | | | | 0.00000 | % | | | $ | 0.00 | |
A-4a Net Swap Payment Due | | | | | | 3.39000 | % | | | $ | 0.00 | |
A-4b Net Swap Payment Due | | | | | | 0.00000 | % | | | $ | 0.00 | |
B Net Swap Payment Due | | | | | | 0.00000 | % | | | $ | 0.00 | |
Certificate Net Swap Payment Due | | | | | | 0.00000 | % | | | $ | 0.00 | |
| | | | | | | | | | | |
A-1 Net Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
A-2 Net Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
A-3a Net Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
A-3b Net Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
A-4a Net Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
A-4b Net Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
B Net Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
Certificate Net Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
| | | | | | | | | | | |
A-1 Interest on Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
A-2 Interest on Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
A-3a Interest on Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
A-3b Interest on Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
A-4z Interest on Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
A-4b Interest on Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
B Interest on Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
Cert Interest on Swap Payment Past Due | | | | | | | | | | $ | 0.00 | |
| | | | | | | | | | | |
A-1 Total Net Swap Payment Due | | | | | | | | | | $ | 0.00 | |
A-2 Total Net Swap Payment Due | | | | | | | | | | $ | 0.00 | |
A-3a Total Net Swap Payment Due | | | | | | | | | | $ | 0.00 | |
A-3b Total Net Swap Payment Due | | | | | | | | | | $ | 0.00 | |
A-4a Total Net Swap Payment Due | | | | | | | | | | $ | 0.00 | |
A-4b Total Net Swap Payment Due | | | | | | | | | | $ | 0.00 | |
B Total Net Swap Payment Due | | | | | | | | | | $ | 0.00 | |
Certificate Total Net Swap Payment Due | | | | | | | | | | $ | 0.00 | |
| | | | | | | | | | | |
A-1 Net Swap Receipt | | | | | | | | | | $ | 0.00 | |
A-2 Net Swap Receipt | | | | | | | | | | $ | 0.00 | |
A-3a Net Swap Receipt | | | | | | | | | | $ | 254,204.17 | |
A-3b Net Swap Receipt | | | | | | | | | | $ | 0.00 | |
A-4a Net Swap Receipt | | | | | | | | | | $ | 100,375.00 | |
A-4b Net Swap Receipt | | | | | | | | | | $ | 0.00 | |
B Net Swap Receipt | | | | | | | | | | $ | 0.00 | |
Certificate Net Swap Receipt | | | | | | | | | | $ | 0.00 | |
| | | | | | | | | | | |
A-1 notes Principal Due | | | | | | | | | | $ | 0.00 | |
A-2 notes Principal Due | | | | | | | | | | $ | 27,312,093.76 | |
A-3a notes Principal Due | | | | | | | | | | $ | 0.00 | |
A-3b notes Principal Due | | | | | | | | | | $ | 0.00 | |
A-4a notes Principal Due | | | | | | | | | | $ | 0.00 | |
A-4b notes Principal Due | | | | | | | | | | $ | 0.00 | |
| | | | | | | | | | | |
Class B Floor | | | | | | 3.3120 | % | | | $ | 19,680,000.02 | |
Class B notes Principal Due | | | | | | | | | | $ | 844,703.94 | |
Reallocated Class B Principal | | | | | | | | | | $ | 0.00 | |
| | | | | | | | | | | |
Certificate Principal Due | | | | | | | | | | $ | 0.00 | |
| | | | | | | | | | | |
Total notes Interest Due | | | | | | | | | | $ | 2,716,522.99 | |
Total notes Principal Due | | | | | | | | | | $ | 28,156,797.70 | |
Net Swap/Termination Payment Due | | | | | | | | | | $ | -354,579.17 | |
Total notes Distributable Amount | | | | | | | | | | $ | 30,518,741.53 | |
| | | | | | | | | | | | | |
3
CNH Equipment Trust 2004-A
$335,000,000 Class A-1 2.0008% Asset Backed Notes due October 14, 2005
$318,000,000 Class A-2 2.42% Asset Backed Notes due March 15, 2007
$247,000,000 Class A-3a Floating-Rate Asset Backed Notes due October 15, 2008
$223,000,000 Class A-3b 2.94% Asset Backed Notes due October 15, 2008
$165,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2011
$142,250,000 Class A-4b 3.47% Asset Backed Notes due September 15, 2011
$45,000,000 Class B 3.31% Asset Backed Notes due September 15, 2011
$26,250,000 3.31% Asset Backed Certificates
Actual Payment Date | | 12/15/2005 | | | |
| | | | | |
Cash Available for Distribution | | | | | |
Total Collections + Reinvestment Income For The Period | | $ | 33,148,092.02 | | | |
| | | | | |
Beginning Negitive Carry Account | | $ | 0.00 | | | |
Deposits from Negitive Carry Account to Distribution Account | | $ | 0.00 | | | |
| | | | | |
Beginning Spread Account Balance | | $ | 29,999,999.98 | | | |
Additional Deposit to Spread Account from Pre-funding | | $ | 0.00 | | | |
Deposits from Spread Account to Distribution Account | | $ | 0.00 | | | |
| | | | | |
Beginning Principal Supplement Account | | $ | 0.00 | | | |
Deposits from Principal Supplement Account to Distribution Account | | $ | 0.00 | | | |
| | | | | |
Beginning Pre-funding Account Balance | | $ | 0.00 | | | |
Deposits from Prefunding Account to Distribution Account | | $ | 0.00 | | | |
| | | | | |
Total Cash Available | | $ | 33,148,092.02 | | | |
| | | | Available | |
| | | | Cash | |
Cash Allocation (Cashflow Waterfall) | | | | | |
Backup Servicing Fee Paid | | $ | 15,808.83 | | | |
Backup Servicing Fee Shortfall | | $ | 0.00 | | | |
| | | | 33,132,283.19 | |
Servicing Fee Paid | | $ | 790,441.41 | | | |
Servicing Fee Shortfall | | $ | 0.00 | | | |
| | | | $ | 32,341,841.78 | |
Administration Fee Paid | | $ | 166.67 | | | |
Administration Fee Shortfall | | $ | 0.00 | | | |
| | | | $ | 32,341,675.11 | |
Net Swap Payment Paid | | $ | 0.00 | | | |
Net Swap Payment Shortfall | | $ | 0.00 | | | |
| | | | | |
Remaining Cash Available to Pay Note Interest & Swap Termination Payment | | | | $ | 32,341,675.11 | |
| | | | | |
Cash Available to Pay Note Interest | | $ | 32,341,675.11 | | | |
Cash Available to Pay Termination Payment | | $ | 0.00 | | | |
| | | | | |
Class A-1 notes Interest Paid | | $ | 0.00 | | | |
Class A-2 notes Interest Paid | | $ | 235,090.50 | | | |
Class A-3a notes Interest Paid | | $ | 862,441.67 | | | |
Class A-3b notes Interest Paid | | $ | 546,350.00 | | | |
Class A-4a notes Interest Paid | | $ | 581,625.00 | | | |
Class A-4b notes Interest Paid | | $ | 412,525.00 | | | |
| | | | $ | 29,703,642.94 | |
Class A-1 notes Interest Shortfall | | $ | 0.00 | | | |
Class A-2 notes Interest Shortfall | | $ | 0.00 | | | |
Class A-3a notes Interest Shortfall | | | | | |
Class A-3b notes Interest Shortfall | | $ | 0.00 | | | |
Class A-4a notes Interest Shortfall | | | | | |
Class A-4b notes Interest Shortfall | | $ | 0.00 | | | |
| | | | | |
Swap Termination Payment Paid | | $ | 0.00 | | | |
Swap Termination Payment Shortfall | | $ | 0.00 | | | |
| | | | $ | 29,703,642.94 | |
Class B notes Interest Paid | | $ | 78,490.83 | | | |
Class B notes Interest Shortfall | | $ | 0.00 | | | |
| | | | $ | 29,625,152.11 | |
Class A-1 notes Principal Paid | | $ | 0.00 | | | |
Class A-2 notes Principal Paid | | $ | 27,312,093.76 | | | |
Class A-3a notes Principal Paid | | $ | 0.00 | | | |
Class A-3b notes Principal Paid | | $ | 0.00 | | | |
Class A-4a notes Principal Paid | | $ | 0.00 | | | |
Class A-4b notes Principal Paid | | $ | 0.00 | | | |
Class B notes Principal Paid | | $ | 844,703.94 | | | |
| | | | $ | 1,468,354.41 | |
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 | | $ | 1,468,354.41 | |
Reallocated Class A-2 notes Principal Paid | | $ | 0.00 | | | |
Remaining Class B Principal Reallocation Amount | | $ | 0.00 | | $ | 1,468,354.41 | |
Reallocated Class A-3a notes Principal Paid | | $ | 0.00 | | | |
Reallocated Class A-3b notes Principal Paid | | $ | 0.00 | | | |
Remaining Class B Principal Reallocation Amount | | $ | 0.00 | | $ | 1,468,354.41 | |
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 | | $ | 1,468,354.41 | |
| | | | | |
Deposits to Spread Account | | $ | 0.00 | | | |
| | | | $ | 1,468,354.41 | |
Certificate Interest Paid | | $ | 72,406.25 | | | |
Certificate Interest Shortfall | | $ | 0.00 | | | |
| | | | $ | 1,395,948.16 | |
Certificate Principal Paid | | $ | 0.00 | | | |
| | | | $ | 1,395,948.16 | |
Total Principal Balance of Notes and Certificates (End of Period) | | $ | 920,372,892.20 | | | |
A-1 notes Ending Principal balance | | $ | 0.00 | | | |
A-2 notes Ending Principal balance | | $ | 89,261,705.44 | | | |
A-3a notes Ending Principal balance | | $ | 247,000,000.00 | | | |
A-3b notes Ending Principal balance | | $ | 223,000,000.00 | | | |
A-4a notes Ending Principal balance | | $ | 165,000,000.00 | | | |
A-4b notes Ending Principal balance | | $ | 142,250,000.00 | | | |
B notes Ending Principal balance | | $ | 27,611,186.76 | | | |
Certificate Ending Principal balance | | $ | 26,250,000.00 | | | |
| | | | | |
Release to Seller as Excess | | $ | 1,395,948.16 | | $ | 1,395,948.16 | |
4
CNH Equipment Trust 2004-A
$335,000,000 Class A-1 2.0008% Asset Backed Notes due October 14, 2005
$318,000,000 Class A-2 2.42% Asset Backed Notes due March 15, 2007
$247,000,000 Class A-3a Floating-Rate Asset Backed Notes due October 15, 2008
$223,000,000 Class A-3b 2.94% Asset Backed Notes due October 15, 2008
$165,000,000 Class A-4a Floating-Rate Asset Backed Notes due September 15, 2011
$142,250,000 Class A-4b 3.47% Asset Backed Notes due September 15, 2011
$45,000,000 Class B 3.31% Asset Backed Notes due September 15, 2011
$26,250,000 3.31% Asset Backed Certificates
Actual Payment Date | | | | | | 12/15/2005 | | | | | |
| | | | | | | | | | | |
| | | | | | Amount | | Factor | | Per/$1000 | |
Summary and Factors | | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (Beginning of Period) | | | | | | $ | 948,529,689.90 | | 0.6323531 | | $ | 632.35 | |
A-1 notes Beginning Principal balance | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
A-2 notes Beginning Principal balance | | | | | | $ | 116,573,799.20 | | 0.3665843 | | $ | 366.58 | |
A-3a notes Beginning Principal balance | | | | | | $ | 247,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
A-3b notes Beginning Principal balance | | | | | | $ | 223,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
A-4a notes Beginning Principal balance | | | | | | $ | 165,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
A-4b notes Beginning Principal balance | | | | | | $ | 142,250,000.00 | | 1.0000000 | | $ | 1,000.00 | |
B notes Beginning Principal balance | | | | | | $ | 28,455,890.70 | | 0.6323531 | | $ | 632.35 | |
Certificate Beginning Principal balance | | | | | | $ | 26,250,000.00 | | 1.0000000 | | $ | 1,000.00 | |
| | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (End of Period) | | | | | | $ | 920,372,892.20 | | 0.6135819 | | $ | 613.58 | |
A-1 notes Ending Principal balance | | | | $ | 333,500,000.00 | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
| | Pro rata% | | | | | | | | | |
A-2 notes Ending Principal balance | | | | $ | 318,000,000.00 | | $ | 89,261,705.44 | | 0.2806972 | | $ | 280.70 | |
A-3a notes Ending Principal balance | | 52.55 | % | $ | 247,000,000.00 | | $ | 247,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
A-3b notes Ending Principal balance | | 47.45 | % | $ | 223,000,000.00 | | $ | 223,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
A-4a notes Ending Principal balance | | 53.70 | % | $ | 165,000,000.00 | | $ | 165,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
A-4b notes Ending Principal balance | | 46.30 | % | $ | 142,250,000.00 | | $ | 142,250,000.00 | | 1.0000000 | | $ | 1,000.00 | |
B notes Ending Principal balance | | | | $ | 45,000,000.00 | | $ | 27,611,186.76 | | 0.6135819 | | $ | 613.58 | |
Certificate Ending Principal balance | | | | $ | 26,250,000.00 | | $ | 26,250,000.00 | | 1.0000000 | | $ | 1,000.00 | |
| | | | | | | | | | | |
Class A-1 notes Interest Paid | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class A-2 notes Interest Paid | | | | | | $ | 235,090.50 | | 0.0007393 | | $ | 0.74 | |
Class A-3a notes Interest Paid | | | | | | $ | 862,441.67 | | 0.0034917 | | $ | 3.49 | |
Class A-3b notes Interest Paid | | | | | | $ | 546,350.00 | | 0.0024500 | | $ | 2.45 | |
Class A-4a notes Interest Paid | | | | | | $ | 581,625.00 | | 0.0035250 | | $ | 3.53 | |
Class A-4b notes Interest Paid | | | | | | $ | 412,525.00 | | 0.0029000 | | $ | 2.90 | |
Class B notes Interest Paid | | | | | | $ | 78,490.83 | | 0.0017442 | | $ | 1.74 | |
Certificate Interest Paid | | | | | | $ | 72,406.25 | | 0.0027583 | | $ | 2.76 | |
| | | | | | | | | | | |
Class A-1 notes Interest Shortfall | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class A-2 notes Interest Shortfall | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class A-3a notes Interest Shortfall | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class A-3b notes Interest Shortfall | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class A-4a notes Interest Shortfall | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class A-4b notes Interest Shortfall | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class B notes Interest Shortfall | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Certificate Interest Shortfall | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
| | | | | | | | | | | |
Class A-1 notes Principal Paid | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class A-2 notes Principal Paid | | | | | | $ | 27,312,093.76 | | 0.0858871 | | $ | 85.89 | |
Class A-3a notes Principal Paid | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class A-3b notes Principal Paid | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class A-4a notes Principal Paid | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class A-4b notes Principal Paid | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class B notes Principal Paid | | | | | | $ | 844,703.94 | | 0.0187712 | | $ | 18.77 | |
Certificate Principal Paid | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
| | | | | | | | | | | |
Negative Carry Account | | | | | | | | | | | |
Negative Carry | | 1.00000 | % | 9/22/2004 | | 2.0332 | % | | | | |
Negative Carry Days Remaining | | | | 12/15/2004 | | 0 | | | | | |
Required Negative Carry Account | | | | | | $ | 0.00 | | | | | |
Beginning Negative Carry Account | | | | | | $ | 0.00 | | | | | |
Negative Carry Account Withdrawals to Distribution Account | | | | | | $ | 0.00 | | | | | |
Negative Carry Released to Seller | | | | | | $ | 0.00 | | | | | |
Ending Negative Carry Account Balance | | | | | | $ | 0.00 | | | | | |
| | | | | | | | | | | |
Spread Account | | | | | | | | | | | |
Required Spread Account Deposit (Add Loans) | | | | 2.00 | % | $ | 0.00 | | | | | |
Required Spread Account Target | | | | 2.50 | % | $ | 23,009,322.31 | | | | | |
Required Spread Account Floor | | | | 2.00 | % | $ | 29,999,999.98 | | | | | |
Required Spread Account | | | | | | $ | 29,999,999.98 | | | | | |
Beginning Spread Account Balance | | | | | | $ | 29,999,999.98 | | | | | |
Additional Deposit to Spread Account from Pre-funding | | | | | | $ | 0.00 | | | | | |
Spread Account Withdrawls to Distribution Account | | | | | | $ | 0.00 | | | | | |
Spread Account Deposits from Excess Cash | | | | | | $ | 0.00 | | | | | |
Spread Account Released to Seller | | | | | | $ | 0.00 | | | | | |
Ending Spread Account Balance | | | | | | $ | 29,999,999.98 | | | | | |
| | | | | | | | | | | |
Principal Supplement Account | | | | | | | | | | | |
Required Principal Supplement Account Balance | | | | | | $ | 0.00 | | | | | |
Beginning Principal Supplement Account Balance | | | | | | $ | 0.00 | | | | | |
Additional Deposit to Principal Supplement Account from Pre-funding | | | | | | $ | 0.00 | | | | | |
Principal Supplement Account Withdrawls to Distribution Account | | | | | | $ | 0.00 | | | | | |
Principal Supplement Account Released to Seller | | | | | | $ | 0.00 | | | | | |
Ending Principal Supplement Account | | | | | | $ | 0.00 | | | | | |
| | | | | | | | | | | |
Pre-funding Account | | | | | | | | | | | |
Beginning Pre-funding Account Balance | | | | | | $ | 0.00 | | | | | |
New Contract Value Purchased | | | | | | $ | 0.00 | | | | | |
Deposits to Spread Account | | | | | | $ | 0.00 | | | | | |
Deposits to Principal Supplement Account | | | | | | $ | 0.00 | | | | | |
Excess Release to Noteholders for Unpurchased Amount | | | | | | $ | 0.00 | | | | | |
Ending Pre-funding Account Balance | | | | | | $ | 0.00 | | | | | |
Release to seller | | | | | | $ | 0.00 | | | | | |
| | | | | | | | | | | |
Total Release to Seller | | | | | | $ | 2,186,556.24 | | | | | |
5