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 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 | |
| | | | 0 | | 0 | | 0 | | 0 | |
Cutoff Date | | | | 12/31/2005 | |
Date Added | | | | 2/28/2005 | | 3/31/2005 | | 4/30/2005 | | 5/31/2005 | |
Pool | | Period | | Pool 1 | | Pool 2 | | Pool 3 | | Pool 4 | |
Scheduled Cashflows | | 0 | | 13,765,198.65 | | 481,068.08 | | 1,010,488.32 | | 618,274.61 | |
| | 1 | | 24,223,536.73 | | 1,870,702.77 | | 2,476,792.11 | | 2,456,263.37 | |
| | 2 | | 18,601,874.12 | | 6,513,729.01 | | 2,412,250.60 | | 2,471,627.43 | |
| | 3 | | 14,421,723.50 | | 11,542,258.35 | | 10,154,436.90 | | 2,542,947.15 | |
| | 4 | | 13,891,337.18 | | 2,049,011.65 | | 12,857,155.31 | | 7,342,769.60 | |
| | 5 | | 13,069,057.14 | | 1,808,053.70 | | 2,533,486.20 | | 10,524,148.11 | |
| | 6 | | 14,055,990.39 | | 1,781,055.50 | | 2,562,605.19 | | 2,438,245.97 | |
| | 7 | | 13,007,650.00 | | 1,758,506.89 | | 2,568,489.51 | | 2,496,889.27 | |
| | 8 | | 12,609,958.55 | | 1,947,676.92 | | 2,446,061.38 | | 2,456,376.67 | |
| | 9 | | 17,577,198.53 | | 2,260,608.10 | | 2,904,665.45 | | 2,456,022.57 | |
| | 10 | | 20,396,524.63 | | 1,775,498.45 | | 3,021,426.47 | | 2,714,872.62 | |
| | 11 | | 24,794,131.76 | | 1,902,534.74 | | 2,738,889.83 | | 2,986,344.09 | |
| | 12 | | 33,765,336.14 | | 2,106,619.87 | | 3,181,018.25 | | 2,871,190.28 | |
| | 13 | | 21,556,764.73 | | 2,077,711.44 | | 2,728,791.87 | | 2,648,547.66 | |
| | 14 | | 13,799,406.39 | | 6,418,694.46 | | 2,395,643.62 | | 2,382,143.92 | |
| | 15 | | 8,537,810.27 | | 11,233,993.17 | | 9,809,012.83 | | 2,421,592.53 | |
| | 16 | | 8,190,682.11 | | 1,857,157.57 | | 12,558,774.89 | | 7,214,210.29 | |
| | 17 | | 8,028,745.95 | | 1,594,318.60 | | 2,294,484.92 | | 10,181,801.25 | |
| | 18 | | 8,433,328.17 | | 1,538,377.33 | | 2,315,134.93 | | 2,266,051.55 | |
| | 19 | | 7,973,759.08 | | 1,507,288.14 | | 2,315,182.69 | | 2,252,955.63 | |
| | 20 | | 7,771,478.75 | | 1,682,266.15 | | 2,179,682.07 | | 2,260,418.28 | |
| | 21 | | 10,667,084.54 | | 1,911,382.25 | | 2,585,103.70 | | 2,253,564.55 | |
| | 22 | | 15,363,032.63 | | 1,531,251.14 | | 2,735,061.89 | | 2,492,785.35 | |
| | 23 | | 21,818,808.58 | | 1,622,270.35 | | 2,462,863.09 | | 2,778,284.91 | |
| | 24 | | 30,329,938.34 | | 1,851,966.77 | | 2,917,974.67 | | 2,671,025.83 | |
| | 25 | | 18,902,864.48 | | 2,027,810.90 | | 2,422,917.80 | | 2,357,375.80 | |
| | 26 | | 11,274,327.15 | | 6,149,154.03 | | 2,125,974.65 | | 2,208,891.06 | |
| | 27 | | 6,067,470.24 | | 10,678,395.10 | | 9,403,456.69 | | 2,242,448.44 | |
| | 28 | | 5,677,211.28 | | 1,420,041.97 | | 11,919,036.29 | | 6,859,316.67 | |
| | 29 | | 5,500,798.64 | | 1,115,103.22 | | 1,503,255.12 | | 9,464,766.02 | |
| | 30 | | 5,764,992.86 | | 1,043,690.64 | | 1,474,108.18 | | 1,526,214.57 | |
| | 31 | | 5,405,132.84 | | 1,047,566.65 | | 1,444,749.61 | | 1,498,587.82 | |
| | 32 | | 5,195,877.42 | | 1,224,412.94 | | 1,367,079.19 | | 1,402,780.87 | |
| | 33 | | 7,591,377.83 | | 1,370,711.29 | | 1,683,930.92 | | 1,481,098.17 | |
| | 34 | | 12,060,277.15 | | 1,065,896.60 | | 1,825,222.87 | | 1,618,577.66 | |
| | 35 | | 17,244,630.56 | | 1,181,897.63 | | 1,646,479.31 | | 1,945,889.13 | |
| | 36 | | 23,098,562.48 | | 1,359,297.38 | | 2,038,571.44 | | 1,780,536.58 | |
| | 37 | | 13,736,604.14 | | 1,398,501.23 | | 1,661,804.94 | | 1,629,329.18 | |
| | 38 | | 7,660,072.38 | | 4,549,961.86 | | 1,472,457.99 | | 1,461,584.02 | |
| | 39 | | 3,798,183.79 | | 7,617,439.00 | | 6,496,141.44 | | 1,509,175.02 | |
| | 40 | | 3,444,982.76 | | 929,488.91 | | 8,341,299.47 | | 4,801,732.22 | |
| | 41 | | 3,110,778.66 | | 759,888.34 | | 1,015,258.85 | | 6,437,539.53 | |
| | 42 | | 3,469,210.28 | | 714,495.69 | | 989,796.92 | | 1,049,173.87 | |
| | 43 | | 3,270,262.19 | | 713,832.76 | | 982,073.76 | | 1,017,592.24 | |
| | 44 | | 3,136,322.76 | | 846,030.50 | | 909,172.40 | | 951,282.27 | |
| | 45 | | 5,375,741.00 | | 931,465.03 | | 1,131,959.93 | | 1,044,152.04 | |
| | 46 | | 9,183,440.14 | | 700,893.25 | | 1,340,956.05 | | 1,092,781.59 | |
| | 47 | | 12,248,660.68 | | 905,475.64 | | 981,039.73 | | 1,494,651.21 | |
| | 48 | | 19,195,554.12 | | 1,397,862.55 | | 1,581,330.40 | | 1,250,789.88 | |
| | 49 | | 9,752,478.62 | | 1,040,982.16 | | 1,211,133.26 | | 1,682,921.18 | |
| | 50 | | 4,142,317.57 | | 3,379,563.78 | | 1,124,169.44 | | 1,006,511.18 | |
| | 51 | | 749,353.82 | | 5,761,790.32 | | 5,212,799.49 | | 1,049,074.30 | |
| | 52 | | 433,898.97 | | 263,521.28 | | 6,568,179.74 | | 3,641,993.42 | |
| | 53 | | 300,488.20 | | 73,349.32 | | 202,354.15 | | 5,077,240.69 | |
| | 54 | | 402,279.74 | | 43,791.85 | | 144,174.71 | | 232,798.18 | |
| | 55 | | 346,172.11 | | 64,049.11 | | 158,137.51 | | 102,251.97 | |
| | 56 | | 308,196.93 | | 79,772.20 | | 93,860.84 | | 88,161.68 | |
| | 57 | | 670,244.18 | | 104,220.27 | | 119,769.42 | | 83,348.25 | |
| | 58 | | 1,613,065.09 | | 78,168.74 | | 217,769.02 | | 118,070.23 | |
| | 59 | | 2,308,015.45 | | 91,876.36 | | 102,038.26 | | 184,656.35 | |
| | 60 | | 4,389,838.21 | | 121,177.80 | | 318,911.81 | | 1,393,438.36 | |
| | 61 | | 2,113,531.44 | | 80,637.77 | | 147,731.60 | | 148,638.17 | |
| | 62 | | 630,083.79 | | 739,112.03 | | 96,993.75 | | 117,996.76 | |
| | 63 | | 739.58 | | 1,034,028.31 | | 1,040,987.71 | | 82,829.58 | |
| | 64 | | 735.93 | | 345.34 | | 2,001,745.91 | | 752,774.27 | |
| | 65 | | 0.00 | | 576.35 | | 1,498.35 | | 1,132,866.81 | |
| | 66 | | 0.00 | | 0.00 | | 3,039.53 | | 708.10 | |
| | 67 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 68 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 69 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 70 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 71 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 72 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 73 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 74 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 75 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 76 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 77 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 78 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | | | | | | | | | | |
Total Amount of Scheduled Cashflow | | Total | | 636,225,132.32 | | 136,730,277.50 | | 182,688,845.14 | | 161,221,898.83 | |
Discount Rate | | | | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % |
Beginning Contract Value | | | | 610,555,835.85 | | 124,313,065.63 | | 164,515,162.98 | | 144,724,104.06 | |
Scheduled Contract Value Decline | | | | 43,691,052.01 | | 1,538,899.38 | | 2,674,656.65 | | 2,488,586.27 | |
Unscheduled Contract Value Decline | | | | 1,653,030.59 | | 2,281,999.07 | | 1,344,367.16 | | 1,097,878.26 | |
Additional Contract Value Added | | 1,399,999,999.79 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
Ending Contract Value | | | | 565,211,753.25 | | 120,492,167.18 | | 160,496,139.17 | | 141,137,639.53 | |
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) | | 12/15/2005 | | | |
Dated Date (act/360) | | 12/15/2005 | | | |
Scheduled Payment Date | | 1/15/2006 | | | |
Actual Payment Date | | 1/17/2006 | | | |
Days in accrual period (30/360) | | 30 | | | |
Days in accrual period (act/360) | | 33 | | | |
1 month LIBOR Rate | | 4.36938 | % | | |
| | | | | |
Collateral Summary | | | | | |
Wtd. Average Discount Rate | | 6.750 | % | | |
Beginning Contract Value | | 1,044,108,168.52 | | | |
Scheduled Contract Value Decline | | 50,393,194.31 | | | |
Unscheduled Contract Value Decline | | 6,377,275.09 | | | |
Additional Contract Value Purchased | | 0.00 | | | |
Ending Contract Value | | 987,337,699.12 | | | |
| | | | | |
Beginning Pre-funding Account Balance | | 0.00 | | | |
Ending Pre-funding Account Balance | | 0.00 | | | |
| | | | | |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) | | 1,044,108,168.52 | | | |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) | | 987,337,699.12 | | | |
| | | | | |
Collateral Performance | | | | | |
Scheduled Amounts 30 - 59 days past due | | $ | 1,878,924.95 | | 0.19 | % |
Scheduled Amounts 60 days or more past due | | $ | 1,058,620.80 | | 0.11 | % |
Net Losses on Liquidated Receivables | | $ | 154,860.88 | | 0.02 | % |
Cumulative Net Losses | | $ | 1,016,056.72 | | | |
Number of Loans at Beginning of Period | | 46,880 | | | |
Number of Loans at End of Period | | 45,571 | | | |
Repossessed Equipment not Sold or Reassigned (Beginning) | | $ | 602,376.19 | | | |
Repossessed Equipment not Sold or Reassigned (End) | | $ | 539,289.42 | | | |
| | | | | |
Collections and Reinvestment Income | | | | | |
Receipts During the period | | $ | 62,903,061.52 | | | |
| | | | | |
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 | | $ | 62,903,061.52 | | | |
| | | | | |
Reinvestment Income (excluding Pre-funding Account) | | $ | 277,942.50 | | | |
Reinvestment Income on Pre-funding Account) | | $ | 0.00 | | | |
| | | | | |
Net Swap Receipts | | $ | 59,038.65 | | | |
Net Swap Termination Payments due Trust from the Swap CounterParty | | $ | 0.00 | | | |
| | | | | |
Total Collections + Reinvestment Income For The Period + Swap Receipt | | $ | 63,240,042.67 | | | |
| | | | | |
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 | | | | | | | | | | 1/17/2006 | |
| | | | | | | | | | | |
Caclulation of Distributable Amounts | | | | | | | | | | | |
| | | | | | | | | | | |
Backup Servicer Engaged? | | | | | | | | | | YES | |
Current Backup Servicing Fee Due | | | | | | | | | | $ | 17,401.80 | |
Past Due Backup Servicing Fee | | | | | | | | | | $ | 0.00 | |
Total Backup Servicing Fee Due | | | | | | | | | | $ | 17,401.80 | |
| | | | | | | | | | | |
CNH or SST? | | | | | | | | | | CNH | |
Current Servicing Fee Due | | | | | | | | | | $ | 870,090.14 | |
Past Due Servicing Fee | | | | | | | | | | $ | 0.00 | |
Total Servicing Fee Due | | | | | | | | | | $ | 870,090.14 | |
| | | | | | | | | | | |
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) | | | | | | | | | | $ | 1,044,108,168.52 | |
A-1 notes Beginning Principal balance | | | | | | | | | | $ | 0.00 | |
A-2 notes Beginning Principal balance | | | | | | | | | | $ | 383,895,193.89 | |
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 | | | | | | | | | | $ | 28,712,974.63 | |
Certificate Beginning Principal balance | | | | | | | | | | $ | 21,000,000.00 | |
| | | | | | | | | | | | | |
| | | | Coupon/ | | Swap Adj. | | | | | |
| | Type | | Spread | | Coupon | | Daycount | | | |
A-1 notes Current Interest Due | | Fix | | 3.08000 | % | 3.08000 | % | act/360 | | $ | 0.00 | |
A-2 notes Current Interest Due | | Fix | | 3.64000 | % | 3.64000 | % | 30/360 | | $ | 1,164,482.09 | |
A-3 notes Current Interest Due | | Fix | | 4.02000 | % | 4.02000 | % | 30/360 | | $ | 1,139,000.00 | |
A-4a notes Current Interest Due | | Flt | | 0.04000 | % | 4.32250 | % | act/360 | | $ | 546,671.26 | |
A-4b notes Current Interest Due | | Fix | | 4.29000 | % | 4.29000 | % | 30/360 | | $ | 483,518.75 | |
B notes Current Interest Due | | Fix | | 4.29000 | % | 4.29000 | % | 30/360 | | $ | 102,648.88 | |
Certificate Current Interest Due | | Fix | | 4.29000 | % | 4.29000 | % | 30/360 | | $ | 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 | | | | | | | | | | $ | 0.00 | |
A-2 notes Total Interest Due | | | | | | | | | | $ | 1,164,482.09 | |
A-3 notes Total Interest Due | | | | | | | | | | $ | 1,139,000.00 | |
A-4a notes Total Interest Due | | | | | | | | | | $ | 546,671.26 | |
A-4b notes Total Interest Due | | | | | | | | | | $ | 483,518.75 | |
B notes Total Interest Due | | | | | | | | | | $ | 102,648.88 | |
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 | % | | | $ | 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-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 | | | | | | | | | | $ | 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-3 Net Swap Receipt | | | | | | | | | | $ | 0.00 | |
A-4a Net Swap Receipt | | | | | | | | | | $ | 59,038.65 | |
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 | | | | | | | | | | $ | 55,209,281.50 | |
A-3 notes Principal Due | | | | | | | | | | $ | 0.00 | |
A-4a notes Principal Due | | | | | | | | | | $ | 0.00 | |
A-4b notes Principal Due | | | | | | | | | | $ | 0.00 | |
| | | | | | | | | | | |
Class B Floor | | | | | | | | | | $ | 18,368,000.00 | |
Class B notes Principal Due | | | | | | | | | | $ | 1,561,187.90 | |
Reallocated Class B Principal | | | | | | | | | | $ | 0.00 | |
| | | | | | | | | | | |
Certificate Principal Due | | | | | | | | | | $ | 0.00 | |
| | | | | | | | | | | |
Total notes Interest Due | | | | | | | | | | $ | 3,436,320.98 | |
Total notes Principal Due | | | | | | | | | | $ | 56,770,469.40 | |
Net Swap/Termination Payment Due | | | | | | | | | | $ | -59,038.65 | |
Total notes Distributable Amount | | | | | | | | | | $ | 60,147,751.73 | |
3
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 | | 1/17/2006 | | | |
| | | | | |
Cash Available for Distribution | | | | | |
Total Collections + Reinvestment Income For The Period | | $ | 63,240,042.67 | | | |
| | | | | |
Beginning Negitive Carry Account | | $ | 0.00 | | | |
Deposits from Negitive Carry Account to Distribution Account | | $ | 0.00 | | | |
| | | | | |
Beginning Spread Account Balance | | $ | 28,000,000.00 | | | |
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 | | $ | 63,240,042.67 | | | |
| | | | Available | |
| | | | Cash | |
Cash Allocation (Cashflow Waterfall) | | | | | |
| | | | | |
Backup Servicing Fee Paid | | $ | 17,401.80 | | | |
Backup Servicing Fee Shortfall | | $ | 0.00 | | | |
| | | | 63,222,640.87 | |
Servicing Fee Paid | | $ | 870,090.14 | | | |
Servicing Fee Shortfall | | $ | 0.00 | | | |
| | | | $ | 62,352,550.73 | |
Administration Fee Paid | | $ | 166.67 | | | |
Administration Fee Shortfall | | $ | 0.00 | | | |
| | | | $ | 62,352,384.06 | |
Net Swap Payment Paid | | $ | 0.00 | | | |
Net Swap Payment Shortfall | | $ | 0.00 | | | |
| | | | | |
Remaining Cash Available to Pay Note Interest & Swap Termination Payment | | $ | 62,352,384.06 | | | |
| | | | | |
Cash Available to Pay Note Interest | | $ | 62,352,384.06 | | | |
Cash Available to Pay Termination Payment | | $ | 0.00 | | | |
| | | | | |
Class A-1 notes Interest Paid | | $ | 0.00 | | | |
Class A-2 notes Interest Paid | | $ | 1,164,482.09 | | | |
Class A-3 notes Interest Paid | | $ | 1,139,000.00 | | | |
Class A-4a notes Interest Paid | | $ | 546,671.26 | | | |
Class A-4b notes Interest Paid | | $ | 483,518.75 | | | |
| | | | $ | 59,018,711.97 | |
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 | | | |
| | | | $ | 59,018,711.97 | |
Class B notes Interest Paid | | $ | 102,648.88 | | | |
Class B notes Interest Shortfall | | $ | 0.00 | | | |
| | | | $ | 58,916,063.08 | |
Class A-1 notes Principal Paid | | $ | 0.00 | | | |
Class A-2 notes Principal Paid | | $ | 55,209,281.50 | | | |
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 | | $ | 1,561,187.90 | | | |
| | | | $ | 2,145,593.68 | |
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 | | $ | 2,145,593.68 | |
Reallocated Class A-2 notes Principal Paid | | $ | 0.00 | | | |
Remaining Class B Principal Reallocation Amount | | $ | 0.00 | | $ | 2,145,593.68 | |
Reallocated Class A-3 notes Principal Paid | | $ | 0.00 | | | |
Remaining Class B Principal Reallocation Amount | | $ | 0.00 | | $ | 2,145,593.68 | |
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 | | $ | 2,145,593.68 | |
| | | | | |
Deposits to Spread Account | | $ | 0.00 | | | |
| | | | $ | 2,145,593.68 | |
Certificate Interest Paid | | $ | 75,075.00 | | | |
Certificate Interest Shortfall | | $ | 0.00 | | | |
| | | | $ | 2,070,518.68 | |
Certificate Principal Paid | | $ | 0.00 | | | |
| | | | $ | 2,070,518.68 | |
Total Principal Balance of Notes and Certificates (End of Period) | | $ | 987,337,699.12 | | | |
A-1 notes Ending Principal balance | | $ | 0.00 | | | |
A-2 notes Ending Principal balance | | $ | 328,685,912.39 | | | |
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 | | $ | 27,151,786.73 | | | |
Certificate Ending Principal balance | | $ | 21,000,000.00 | | | |
| | | | | |
Release to Seller as Excess | | $ | 2,070,518.68 | | $ | 2,070,518.68 | |
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 | | | | | | | | 1/17/2006 | | | | | |
| | | | | | | | Amount | | Factor | | Per/$1000 | |
Summary and Factors | | | | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (Beginning of Period) | | | | | | | | $ | 1,044,108,168.52 | | 0.7457915 | | $ | 745.79 | |
A-1 notes Beginning Principal balance | | | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
A-2 notes Beginning Principal balance | | | | | | | | $ | 383,895,193.89 | | 0.9597380 | | $ | 959.74 | |
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 | | | | | | | | $ | 28,712,974.63 | | 0.7457915 | | $ | 745.79 | |
Certificate Beginning Principal balance | | | | | | | | $ | 21,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
| | | | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (End of Period) | | | | | | | | $ | 987,337,699.12 | | 0.7052412 | | $ | 705.24 | |
A-1 notes Ending Principal balance | | | | $ | 330,000,000.00 | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
| | | | | | | | | | | | | | | | |
| | Pro rata% | | | | | | | | | | | |
A-2 notes Ending Principal balance | | | | $ | 400,000,000.00 | | | | $ | 328,685,912.39 | | 0.8217148 | | $ | 821.71 | |
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 | | 95.75 | % | $ | 135,250,000.00 | | 1.0000000 | | $ | 1,000.00 | |
B notes Ending Principal balance | | | | $ | 38,500,000.00 | | 2.75 | % | $ | 27,151,786.73 | | 0.7052412 | | $ | 705.24 | |
Certificate Ending Principal balance | | | | $ | 21,000,000.00 | | 1.50 | % | $ | 21,000,000.00 | | 1.0000000 | | $ | 1,000.00 | |
| | | | | | | | | | | | | |
Class A-1 notes Interest Paid | | | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class A-2 notes Interest Paid | | | | | | | | $ | 1,164,482.09 | | 0.0029112 | | $ | 2.91 | |
Class A-3 notes Interest Paid | | | | | | | | $ | 1,139,000.00 | | 0.0033500 | | $ | 3.35 | |
Class A-4a notes Interest Paid | | | | | | | | $ | 546,671.26 | | 0.0040419 | | $ | 4.04 | |
Class A-4b notes Interest Paid | | | | | | | | $ | 483,518.75 | | 0.0035750 | | $ | 3.58 | |
Class B notes Interest Paid | | | | | | | | $ | 102,648.88 | | 0.0026662 | | $ | 2.67 | |
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 | | | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class A-2 notes Principal Paid | | | | | | | | $ | 55,209,281.50 | | 0.1380232 | | $ | 138.02 | |
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 | | | | | | | | $ | 1,561,187.90 | | 0.0405503 | | $ | 40.55 | |
Certificate Principal Paid | | | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
| | | | | | | | | | | | | |
Negative Carry Account | | | | | | | | | | | | | |
Negative Carry | | 1.00000 | % | 3/16/2005 | | | | 2.9151 | % | | | | |
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 | % | | | $ | 24,683,442.48 | | | | | |
Required Spread Account Floor | | | | 2.00 | % | | | $ | 28,000,000.00 | | | | | |
Required Spread Account | | | | | | | | $ | 28,000,000.00 | | | | | |
Beginning Spread Account Balance | | | | | | | | $ | 28,000,000.00 | | | | | |
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 | | | | | | | | $ | 28,000,000.00 | | | | | |
| | | | | | | | | | | | | |
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 | | | | | | | | $ | 2,940,775.49 | | | | | |
5