Exhibit 20.1
CNH Equipment Trust 2003-B
$234,000,000 Class A-1 1.23% Asset Backed Notes due December 13, 2004
$260,000,000 Class A-2 1.71% Asset Backed Notes due May 15, 2006
$205,500,000 Class A-3a Floating-Rate Asset Backed Notes due January 15, 2008
$139,500,000 Class A-3b 2.47% Asset Backed Notes due January 15, 2008
$133,200,000 Class A-4a Floating-Rate Asset Backed Notes due February 15, 2011
$114,500,000 Class A-4b 3.38% Asset Backed Notes due February 15, 2011
$40,300,000 Class B 3.35% Asset Backed Notes due February 15, 2011
$23,000,000 3.35% Asset Backed Certificates
Please contact Kim Zier 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 |
|
Cutoff Date |
|
|
| 6/30/2004 |
| ||||||
Date Added |
|
|
| 10/31/2003 |
| 11/30/2003 |
| 12/31/2003 |
| 1/31/2004 |
|
Pool |
| Period |
| Pool 1 |
| Pool 2 |
| Pool 3 |
| Pool 4 |
|
Scheduled Cashflows |
| 0 |
| 4,377,662.53 |
| 302,805.26 |
| 429,866.45 |
| 601,737.99 |
|
|
| 1 |
| 16,850,525.57 |
| 1,210,949.80 |
| 1,803,988.97 |
| 2,249,279.20 |
|
|
| 2 |
| 22,817,611.13 |
| 1,385,289.24 |
| 2,169,876.85 |
| 2,419,845.73 |
|
|
| 3 |
| 33,180,871.14 |
| 2,229,819.87 |
| 2,889,901.56 |
| 2,950,711.38 |
|
|
| 4 |
| 21,785,015.46 |
| 7,620,085.39 |
| 2,869,028.95 |
| 2,287,766.58 |
|
|
| 5 |
| 11,886,404.31 |
| 7,715,329.12 |
| 10,157,072.84 |
| 3,058,043.95 |
|
|
| 6 |
| 11,854,131.49 |
| 1,877,461.04 |
| 13,741,899.26 |
| 16,376,424.98 |
|
|
| 7 |
| 10,113,237.01 |
| 1,663,986.66 |
| 2,529,554.21 |
| 10,554,578.62 |
|
|
| 8 |
| 8,667,810.96 |
| 1,324,124.46 |
| 2,000,545.49 |
| 2,029,886.32 |
|
|
| 9 |
| 8,905,496.17 |
| 1,390,985.21 |
| 2,224,214.53 |
| 2,366,013.35 |
|
|
| 10 |
| 9,064,075.65 |
| 1,695,954.31 |
| 2,068,782.70 |
| 2,303,521.38 |
|
|
| 11 |
| 8,236,927.38 |
| 1,474,092.37 |
| 2,383,538.93 |
| 2,040,055.92 |
|
|
| 12 |
| 13,048,789.00 |
| 1,260,862.33 |
| 2,298,248.11 |
| 2,452,906.13 |
|
|
| 13 |
| 17,177,820.99 |
| 1,286,555.54 |
| 1,999,402.92 |
| 2,345,095.41 |
|
|
| 14 |
| 20,913,356.76 |
| 1,298,750.70 |
| 2,005,467.41 |
| 2,272,323.35 |
|
|
| 15 |
| 29,302,084.14 |
| 2,095,008.57 |
| 2,782,835.70 |
| 2,646,621.65 |
|
|
| 16 |
| 19,165,686.44 |
| 7,322,460.79 |
| 2,754,972.51 |
| 2,145,745.71 |
|
|
| 17 |
| 9,824,404.82 |
| 7,434,064.78 |
| 9,755,713.35 |
| 2,880,841.03 |
|
|
| 18 |
| 10,321,113.79 |
| 1,729,441.67 |
| 13,175,357.76 |
| 15,599,533.39 |
|
|
| 19 |
| 8,857,200.33 |
| 1,493,533.15 |
| 2,251,786.90 |
| 10,088,415.32 |
|
|
| 20 |
| 7,509,885.45 |
| 1,160,922.23 |
| 1,713,739.81 |
| 1,715,682.06 |
|
|
| 21 |
| 7,809,105.91 |
| 1,224,503.82 |
| 1,920,964.32 |
| 2,038,726.10 |
|
|
| 22 |
| 7,868,057.00 |
| 1,499,639.10 |
| 1,736,666.95 |
| 1,915,418.79 |
|
|
| 23 |
| 7,081,809.07 |
| 1,254,847.69 |
| 2,003,355.51 |
| 1,625,319.07 |
|
|
| 24 |
| 11,586,729.74 |
| 1,049,081.55 |
| 1,915,950.61 |
| 1,905,902.27 |
|
|
| 25 |
| 15,292,676.82 |
| 1,056,038.63 |
| 1,613,883.81 |
| 1,854,889.67 |
|
|
| 26 |
| 18,411,579.60 |
| 1,072,130.35 |
| 1,586,271.35 |
| 1,800,646.41 |
|
|
| 27 |
| 26,314,389.69 |
| 1,843,583.69 |
| 2,324,055.54 |
| 2,090,845.00 |
|
|
| 28 |
| 16,510,038.08 |
| 7,016,634.44 |
| 2,358,516.28 |
| 1,689,264.40 |
|
|
| 29 |
| 7,128,775.06 |
| 6,946,188.93 |
| 9,145,282.08 |
| 2,368,677.98 |
|
|
| 30 |
| 7,438,100.03 |
| 1,388,440.16 |
| 12,379,527.89 |
| 14,653,662.05 |
|
|
| 31 |
| 6,228,909.88 |
| 1,124,279.99 |
| 1,732,493.27 |
| 9,592,467.81 |
|
|
| 32 |
| 4,935,387.66 |
| 847,784.55 |
| 1,216,752.29 |
| 1,275,557.71 |
|
|
| 33 |
| 5,164,105.42 |
| 907,111.11 |
| 1,391,345.92 |
| 1,512,776.34 |
|
|
| 34 |
| 5,383,701.53 |
| 1,165,853.62 |
| 1,218,355.28 |
| 1,418,831.23 |
|
|
| 35 |
| 4,584,526.88 |
| 944,804.31 |
| 1,406,393.92 |
| 1,150,644.30 |
|
|
| 36 |
| 7,596,078.52 |
| 755,762.62 |
| 1,311,739.07 |
| 1,381,551.43 |
|
|
| 37 |
| 10,622,008.97 |
| 745,419.82 |
| 1,126,380.79 |
| 1,329,887.53 |
|
|
| 38 |
| 13,706,709.68 |
| 773,028.84 |
| 1,073,039.34 |
| 1,292,433.87 |
|
|
| 39 |
| 20,117,084.51 |
| 1,454,687.96 |
| 1,691,408.16 |
| 1,505,988.90 |
|
|
| 40 |
| 12,446,410.92 |
| 5,732,334.35 |
| 1,770,386.55 |
| 1,297,108.30 |
|
|
| 41 |
| 5,313,201.31 |
| 5,780,425.57 |
| 7,153,695.33 |
| 1,789,488.88 |
|
|
| 42 |
| 5,630,659.03 |
| 1,100,321.50 |
| 9,930,801.33 |
| 11,420,400.61 |
|
|
| 43 |
| 4,724,636.70 |
| 855,647.85 |
| 1,318,223.26 |
| 7,790,909.05 |
|
|
| 44 |
| 3,447,479.61 |
| 576,679.34 |
| 835,253.74 |
| 871,921.86 |
|
|
| 45 |
| 3,518,590.56 |
| 695,235.67 |
| 1,017,757.84 |
| 1,115,487.45 |
|
|
| 46 |
| 3,701,934.06 |
| 881,773.81 |
| 823,947.81 |
| 978,444.84 |
|
|
| 47 |
| 3,155,066.43 |
| 672,902.94 |
| 985,872.45 |
| 741,542.80 |
|
|
| 48 |
| 6,042,419.35 |
| 496,825.28 |
| 867,122.12 |
| 896,534.93 |
|
|
| 49 |
| 9,687,794.81 |
| 529,515.05 |
| 729,371.20 |
| 901,720.85 |
|
|
| 50 |
| 11,799,737.39 |
| 526,713.46 |
| 789,698.48 |
| 859,871.74 |
|
|
| 51 |
| 16,953,851.46 |
| 1,184,651.04 |
| 1,166,578.58 |
| 1,066,534.59 |
|
|
| 52 |
| 8,676,088.57 |
| 5,275,963.83 |
| 1,479,652.42 |
| 880,736.08 |
|
|
| 53 |
| 1,278,246.27 |
| 5,637,335.63 |
| 6,223,933.31 |
| 1,652,663.49 |
|
|
| 54 |
| 1,136,206.72 |
| 141,785.05 |
| 9,580,657.26 |
| 13,046,303.90 |
|
|
| 55 |
| 607,664.16 |
| 163,576.49 |
| 401,085.19 |
| 6,666,971.38 |
|
|
| 56 |
| 465,573.99 |
| 49,217.00 |
| 137,703.71 |
| 154,570.78 |
|
|
| 57 |
| 376,732.43 |
| 76,075.86 |
| 124,623.76 |
| 129,586.53 |
|
|
| 58 |
| 599,751.14 |
| 109,171.48 |
| 51,207.41 |
| 58,552.92 |
|
|
| 59 |
| 315,413.04 |
| 75,865.36 |
| 85,743.59 |
| 54,918.99 |
|
|
| 60 |
| 630,335.73 |
| 77,506.39 |
| 83,262.36 |
| 130,659.47 |
|
|
| 61 |
| 920,258.26 |
| 55,089.19 |
| 67,895.96 |
| 127,905.26 |
|
|
| 62 |
| 1,181,770.41 |
| 67,570.70 |
| 141,664.69 |
| 129,717.80 |
|
|
| 63 |
| 2,015,992.09 |
| 174,365.46 |
| 52,502.34 |
| 91,831.91 |
|
|
| 64 |
| 1,079,271.19 |
| 780,481.64 |
| 182,573.97 |
| 98,443.61 |
|
|
| 65 |
| 0.00 |
| 742,895.45 |
| 750,287.68 |
| 122,840.95 |
|
|
| 66 |
| 0.00 |
| 0.00 |
| 1,145,846.17 |
| 1,531,515.25 |
|
|
| 67 |
| 0.00 |
| 0.00 |
| 0.00 |
| 961,323.19 |
|
|
| 68 |
| 0.00 |
| 0.00 |
| 0.00 |
| 830.02 |
|
|
| 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 |
| 613,344,970.20 |
| 120,502,229.06 |
| 181,055,526.10 |
| 199,357,857.74 |
|
Discount Rate |
|
|
| 5.750 | % | 5.750 | % | 5.750 | % | 5.750 | % |
Beginning Contract Value |
|
|
| 569,340,094.13 |
| 109,187,531.92 |
| 163,874,402.90 |
| 179,398,742.25 |
|
Scheduled Contract Value Decline |
|
|
| 14,495,442.07 |
| 1,092,705.33 |
| 2,112,180.93 |
| 2,296,911.41 |
|
Unscheduled Contract Value Decline |
|
|
| 3,490,059.07 |
| 1,088,605.33 |
| 1,160,604.98 |
| 976,449.43 |
|
Additional Contract Value Added |
| 1,149,999,999.75 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
|
|
| 551,354,592.99 |
| 107,006,221.26 |
| 160,601,616.99 |
| 176,125,381.41 |
|
1
CNH Equipment Trust 2003-B
$234,000,000 Class A-1 1.23% Asset Backed Notes due December 13, 2004
$260,000,000 Class A-2 1.71% Asset Backed Notes due May 15, 2006
$205,500,000 Class A-3a Floating-Rate Asset Backed Notes due January 15, 2008
$139,500,000 Class A-3b 2.47% Asset Backed Notes due January 15, 2008
$133,200,000 Class A-4a Floating-Rate Asset Backed Notes due February 15, 2011
$114,500,000 Class A-4b 3.38% Asset Backed Notes due February 15, 2011
$40,300,000 Class B 3.35% Asset Backed Notes due February 15, 2011
$23,000,000 3.35% Asset Backed Certificates
Dated Date (30/360) |
|
|
| 6/15/2004 |
|
|
| |
Dated Date (act/360) |
|
|
| 6/15/2004 |
|
|
| |
Scheduled Payment Date |
|
|
| 7/15/2004 |
|
|
| |
Actual Payment Date |
|
|
| 7/15/2004 |
|
|
| |
Days in accrual period (30/360) |
|
|
| 30 |
|
|
| |
Days in accrual period (act/360) |
|
|
| 30 |
|
|
| |
1 month LIBOR Rate |
|
|
| 1.23875 | % |
|
| |
|
|
|
|
|
|
|
| |
Collateral Summary |
|
|
|
|
|
|
| |
Wtd. Average Discount Rate |
|
|
| 5.750 | % |
|
| |
Beginning Contract Value |
|
|
| 1,021,800,771.21 |
|
|
| |
Scheduled Contract Value Decline |
|
|
| 19,997,239.74 |
|
|
| |
Unscheduled Contract Value Decline |
|
|
| 6,715,718.81 |
|
|
| |
Additional Contract Value Purchased |
|
|
| 0.00 |
|
|
| |
Ending Contract Value |
|
|
| 995,087,812.65 |
|
|
| |
|
|
|
|
|
|
|
| |
Beginning Pre-funding Account Balance |
|
|
| 0.25 |
|
|
| |
Ending Pre-funding Account Balance |
|
|
| 0.25 |
|
|
| |
|
|
|
|
|
|
|
| |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) |
|
|
| 1,021,800,771.45 |
|
|
| |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) |
|
|
| 995,087,812.90 |
|
|
| |
|
|
|
|
|
|
|
| |
Collateral Performance |
|
|
|
|
|
|
| |
Scheduled Amounts 30 - 59 days past due |
|
|
| $ | 410,197.96 |
| 0.04 | % |
Scheduled Amounts 60 days or more past due |
|
|
| $ | 371,174.27 |
| 0.04 | % |
Net Losses on Liquidated Receivables |
|
|
| $ | 160,990.63 |
| 0.02 | % |
Cumulative Net Losses |
|
|
| $ | 573,183.98 |
|
|
|
Number of Loans at Beginning of Period |
|
|
| 41,372 |
|
|
| |
Number of Loans at End of Period |
|
|
| 40,728 |
|
|
| |
Repossessed Equipment not Sold or Reassigned (Beginning) |
|
|
| $ | 322,441.03 |
|
|
|
Repossessed Equipment not Sold or Reassigned (End) |
|
|
| $ | 470,415.83 |
|
|
|
|
|
|
|
|
|
|
| |
Collections and Reinvestment Income |
|
|
|
|
|
|
| |
Receipts During the period |
|
|
| $ | 31,417,843.40 |
|
|
|
|
|
|
|
|
|
|
| |
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 |
|
|
| $ | 31,417,843.40 |
|
|
|
|
|
|
|
|
|
|
| |
Reinvestment Income (excluding Pre-funding Account) |
|
|
| $ | 38,515.98 |
|
|
|
Reinvestment Income on Pre-funding Account) |
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
| |
Net Swap Receipts |
|
|
| 0.00 |
|
|
| |
Net Swap Termination Payments due Trust from the Swap CounterParty |
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
| |
Total Collections + Reinvestment Income For The Period + Swap Receipt |
|
|
| $ | 31,456,359.38 |
|
|
|
|
|
|
|
|
|
|
| |
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 2003-B
$234,000,000 Class A-1 1.23% Asset Backed Notes due December 13, 2004
$260,000,000 Class A-2 1.71% Asset Backed Notes due May 15, 2006
$205,500,000 Class A-3a Floating-Rate Asset Backed Notes due January 15, 2008
$139,500,000 Class A-3b 2.47% Asset Backed Notes due January 15, 2008
$133,200,000 Class A-4a Floating-Rate Asset Backed Notes due February 15, 2011
$114,500,000 Class A-4b 3.38% Asset Backed Notes due February 15, 2011
$40,300,000 Class B 3.35% Asset Backed Notes due February 15, 2011
$23,000,000 3.35% Asset Backed Certificates
Actual Payment Date |
|
|
|
|
|
|
|
|
| 7/15/2004 |
|
Caclulation of Distributable Amounts |
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Backup Servicer Engaged? |
|
|
|
|
|
|
|
|
| YES |
| ||
Current Backup Servicing Fee Due |
|
|
|
|
|
|
|
|
| $ | 17,030.01 |
| |
Past Due Backup Servicing Fee |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
Total Backup Servicing Fee Due |
|
|
|
|
|
|
|
|
| $ | 17,030.01 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
CNH or SST? |
|
|
|
|
|
|
|
|
| CNH |
| ||
Current Servicing Fee Due |
|
|
|
|
|
|
|
|
| $ | 851,500.64 |
| |
Past Due Servicing Fee |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
Total Servicing Fee Due |
|
|
|
|
|
|
|
|
| $ | 851,500.64 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
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) |
|
|
|
|
|
|
|
|
| $ | 1,021,800,771.45 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 110,337,744.45 |
| |
A-2 notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 260,000,000.00 |
| |
A-3a notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 205,500,000.00 |
| |
A-3b notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 139,500,000.00 |
| |
A-4a notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 133,200,000.00 |
| |
A-4b notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 114,500,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 35,763,027.00 |
| |
Certificate Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 23,000,000.00 |
| |
|
| Type |
| Coupon/ |
| Swap Adj. |
| Daycount |
|
|
| ||
A-1 notes Current Interest Due |
| Fix |
| 1.23000 | % | 1.23000 | % | act/360 |
| $ | 113,096.19 |
| |
A-2 notes Current Interest Due |
| Fix |
| 1.71000 | % | 1.71000 | % | 30/360 |
| $ | 370,500.00 |
| |
A-3a notes Current Interest Due |
| Flt |
| 0.14000 | % | 2.49500 | % | act/360 |
| $ | 236,110.94 |
| |
A-3b notes Current Interest Due |
| Fix |
| 2.47000 | % | 2.47000 | % | 30/360 |
| $ | 287,137.50 |
| |
A-4a notes Current Interest Due |
| Flt |
| 0.23000 | % | 3.37500 | % | act/360 |
| $ | 163,031.25 |
| |
A-4b notes Current Interest Due |
| Fix |
| 3.38000 | % | 3.38000 | % | 30/360 |
| $ | 322,508.33 |
| |
B notes Current Interest Due |
| Fix |
| 3.35000 | % | 3.35000 | % | 30/360 |
| $ | 99,838.45 |
| |
Certificate Current Interest Due |
| Fix |
| 3.35000 | % | 3.35000 | % | 30/360 |
| $ | 64,208.33 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
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 |
|
|
|
|
|
|
|
|
| $ | 113,096.19 |
| |
A-2 notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 370,500.00 |
| |
A-3a notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 236,110.94 |
| |
A-3b notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 287,137.50 |
| |
A-4a notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 163,031.25 |
| |
A-4b notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 322,508.33 |
| |
B notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 99,838.45 |
| |
Certificate Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 64,208.33 |
| |
|
|
|
|
|
| 1 Month LIBOR |
|
|
|
|
| ||
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 |
|
|
|
|
| 2.35500 | % |
|
| $ | 191,157.81 |
| |
A-3b Net Swap Payment Due |
|
|
|
|
| 0.00000 | % |
|
| $ | 0.00 |
| |
A-4a Net Swap Payment Due |
|
|
|
|
| 3.14500 | % |
|
| $ | 211,593.75 |
| |
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 |
|
|
|
|
|
|
|
|
| $ | 191,157.81 |
| |
A-3b Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
A-4a Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 211,593.75 |
| |
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 |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
A-3b Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
A-4a Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
A-4b Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
B Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
Certificate Net Swap Receipt |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
A-1 notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 25,778,005.00 |
| |
A-2 notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
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 |
|
|
|
|
|
|
|
|
| $ | 10,875,480.72 |
| |
Class B notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 934,953.55 |
| |
Reallocated Class B Principal |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
Certificate Principal Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
Total notes Interest Due |
|
|
|
|
|
|
|
|
| $ | 1,592,222.66 |
| |
Total notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 26,712,958.55 |
| |
Net Swap/Termination Payment Due |
|
|
|
|
|
|
|
|
| $ | 402,751.56 |
| |
Total notes Distributable Amount |
|
|
|
|
|
|
|
|
| $ | 28,707,932.77 |
| |
3
CNH Equipment Trust 2003-B
$234,000,000 Class A-1 1.23% Asset Backed Notes due December 13, 2004
$260,000,000 Class A-2 1.71% Asset Backed Notes due May 15, 2006
$205,500,000 Class A-3a Floating-Rate Asset Backed Notes due January 15, 2008
$139,500,000 Class A-3b 2.47% Asset Backed Notes due January 15, 2008
$133,200,000 Class A-4a Floating-Rate Asset Backed Notes due February 15, 2011
$114,500,000 Class A-4b 3.38% Asset Backed Notes due February 15, 2011
$40,300,000 Class B 3.35% Asset Backed Notes due February 15, 2011
$23,000,000 3.35% Asset Backed Certificates
Actual Payment Date |
| 7/15/2004 |
|
|
|
Cash Available for Distribution |
|
|
|
|
| ||
Total Collections + Reinvestment Income For The Period |
| $ | 31,456,359.38 |
|
|
| |
|
|
|
|
|
| ||
Beginning Negitive Carry Account |
| $ | 0.00 |
|
|
| |
Deposits from Negitive Carry Account to Distribution Account |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Beginning Spread Account Balance |
| $ | 25,545,019.28 |
|
|
| |
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 |
|
|
| |
|
|
|
|
|
| ||
Total Cash Available |
| $ | 31,456,359.38 |
|
|
| |
|
|
|
|
|
| ||
|
|
|
| Available |
| ||
Cash Allocation (Cashflow Waterfall) |
|
|
|
|
| ||
Backup Servicing Fee Paid |
| $ | 17,030.01 |
|
|
| |
Backup Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| 31,439,329.37 |
| ||
Servicing Fee Paid |
| $ | 851,500.64 |
|
|
| |
Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 30,587,828.73 |
| |
Administration Fee Paid |
| $ | 166.67 |
|
|
| |
Administration Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 30,587,662.06 |
| |
Net Swap Payment Paid |
| $ | 402,751.56 |
|
|
| |
Net Swap Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Remaining Cash Available to Pay Note Interest & Swap Termination Payment |
|
|
| $ | 30,184,910.50 |
| |
|
|
|
|
|
| ||
Cash Available to Pay Note Interest |
| $ | 30,184,910.50 |
|
|
| |
Cash Available to Pay Termination Payment |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class A-1 notes Interest Paid |
| $ | 113,096.19 |
|
|
| |
Class A-2 notes Interest Paid |
| $ | 370,500.00 |
|
|
| |
Class A-3a notes Interest Paid |
| $ | 236,110.94 |
|
|
| |
Class A-3b notes Interest Paid |
| $ | 287,137.50 |
|
|
| |
Class A-4a notes Interest Paid |
| $ | 163,031.25 |
|
|
| |
Class A-4b notes Interest Paid |
| $ | 322,508.33 |
|
|
| |
|
|
|
| $ | 28,692,526.29 |
| |
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 |
|
|
| |
|
|
|
| $ | 28,692,526.29 |
| |
Class B notes Interest Paid |
| $ | 99,838.45 |
|
|
| |
Class B notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 28,592,687.84 |
| |
Class A-1 notes Principal Paid |
| $ | 25,778,005.00 |
|
|
| |
Class A-2 notes Principal Paid |
| $ | 0.00 |
|
|
| |
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 |
| $ | 934,953.55 |
|
|
| |
|
|
|
| $ | 1,879,729.29 |
| |
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 |
| $ | 1,879,729.29 |
|
Reallocated Class A-2 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Remaining Class B Principal Reallocation Amount |
| $ | 0.00 |
| $ | 1,879,729.29 |
|
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 |
| $ | 1,879,729.29 |
|
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 |
| $ | 1,879,729.29 |
|
|
|
|
|
|
| ||
Deposits to Spread Account |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 1,879,729.29 |
| |
Certificate Interest Paid |
| $ | 64,208.33 |
|
|
| |
Certificate Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 1,815,520.95 |
| |
Certificate Principal Paid |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 1,815,520.95 |
| |
Total Principal Balance of Notes and Certificates (End of Period) |
| $ | 995,087,812.90 |
|
|
| |
A-1 notes Ending Principal balance |
| $ | 84,559,739.45 |
|
|
| |
A-2 notes Ending Principal balance |
| $ | 260,000,000.00 |
|
|
| |
A-3a notes Ending Principal balance |
| $ | 205,500,000.00 |
|
|
| |
A-3b notes Ending Principal balance |
| $ | 139,500,000.00 |
|
|
| |
A-4a notes Ending Principal balance |
| $ | 133,200,000.00 |
|
|
| |
A-4b notes Ending Principal balance |
| $ | 114,500,000.00 |
|
|
| |
B notes Ending Principal balance |
| $ | 34,828,073.45 |
|
|
| |
Certificate Ending Principal balance |
| $ | 23,000,000.00 |
|
|
| |
|
|
|
|
|
| ||
Release to Seller as Excess |
| $ | 1,815,520.95 |
| $ | 1,815,520.95 |
|
4
CNH Equipment Trust 2003-B
$234,000,000 Class A-1 1.23% Asset Backed Notes due December 13, 2004
$260,000,000 Class A-2 1.71% Asset Backed Notes due May 15, 2006
$205,500,000 Class A-3a Floating-Rate Asset Backed Notes due January 15, 2008
$139,500,000 Class A-3b 2.47% Asset Backed Notes due January 15, 2008
$133,200,000 Class A-4a Floating-Rate Asset Backed Notes due February 15, 2011
$114,500,000 Class A-4b 3.38% Asset Backed Notes due February 15, 2011
$40,300,000 Class B 3.35% Asset Backed Notes due February 15, 2011
$23,000,000 3.35% Asset Backed Certificates
Actual Payment Date |
|
|
|
|
|
|
| 7/15/2004 |
|
|
|
|
| |||
|
|
|
|
|
|
|
| Amount |
| Factor |
| Per/$1000 |
| |||
Summary and Factors |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (Beginning of Period) |
|
|
|
|
|
|
| $ | 1,021,800,771.45 |
| 0.8885224 |
| $ | 888.52 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 110,337,744.45 |
| 0.4715288 |
| $ | 471.53 |
| |
A-2 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 260,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-3a notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 205,500,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-3b notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 139,500,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-4a notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 133,200,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
A-4b notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 114,500,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 35,763,027.00 |
| 0.8874200 |
| $ | 887.42 |
| |
Certificate Beginning Principal balance |
|
|
|
|
|
|
| $ | 23,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (End of Period) |
|
|
|
|
|
|
| $ | 995,087,812.90 |
| 0.8652938 |
| $ | 865.29 |
| |
A-1 notes Ending Principal balance |
|
|
| $ | 234,000,000.00 |
|
|
| $ | 84,559,739.45 |
| 0.3613664 |
| $ | 361.37 |
|
A-2 notes Ending Principal balance |
| Pro rata % |
| $ | 260,000,000.00 |
|
|
| $ | 260,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
A-3a notes Ending Principal balance |
| 59.57 | % | $ | 205,500,000.00 |
|
|
| $ | 205,500,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
A-3b notes Ending Principal balance |
| 40.43 | % | $ | 139,500,000.00 |
|
|
| $ | 139,500,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
A-4a notes Ending Principal balance |
| 53.77 | % | $ | 133,200,000.00 |
|
|
| $ | 133,200,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
A-4b notes Ending Principal balance |
| 46.23 | % | $ | 114,500,000.00 |
| 94.50 | % | $ | 114,500,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
B notes Ending Principal balance |
|
|
| $ | 40,300,000.00 |
| 3.50 | % | $ | 34,828,073.45 |
| 0.8642202 |
| $ | 864.22 |
|
Certificate Ending Principal balance |
|
|
| $ | 23,000,000.00 |
| 2.00 | % | $ | 23,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Class A-1 notes Interest Paid |
|
|
|
|
|
|
| $ | 113,096.19 |
| 0.0004833 |
| $ | 0.48 |
| |
Class A-2 notes Interest Paid |
|
|
|
|
|
|
| $ | 370,500.00 |
| 0.0014250 |
| $ | 1.43 |
| |
Class A-3a notes Interest Paid |
|
|
|
|
|
|
| $ | 236,110.94 |
| 0.0011490 |
| $ | 1.15 |
| |
Class A-3b notes Interest Paid |
|
|
|
|
|
|
| $ | 287,137.50 |
| 0.0020583 |
| $ | 2.06 |
| |
Class A-4a notes Interest Paid |
|
|
|
|
|
|
| $ | 163,031.25 |
| 0.0012240 |
| $ | 1.22 |
| |
Class A-4b notes Interest Paid |
|
|
|
|
|
|
| $ | 322,508.33 |
| 0.0028167 |
| $ | 2.82 |
| |
Class B notes Interest Paid |
|
|
|
|
|
|
| $ | 99,838.45 |
| 0.0024774 |
| $ | 2.48 |
| |
Certificate Interest Paid |
|
|
|
|
|
|
| $ | 64,208.33 |
| 0.0027917 |
| $ | 2.79 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Class A-1 notes Interest Shortfall |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A2 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 |
|
|
|
|
|
|
| $ | 25,778,005.00 |
| 0.1101624 |
| $ | 110.16 |
| |
Class A-2 notes Principal Paid |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
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 |
|
|
|
|
|
|
| $ | 934,953.55 |
| 0.0231998 |
| $ | 23.20 |
| |
Certificate Principal Paid |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry Account |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry |
| 0.75000 | % | 11/25/2003 |
|
|
| 1.6381 | % |
|
|
|
| |||
Negitive Carry Days Remaining |
|
|
| 2/15/2004 |
|
|
| 0 |
|
|
|
|
| |||
Required Negitive Carry Account |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Beginning Negitive Carry Account |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Negitive Carry Account Withdrawls to Distribution Account |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Negitive Carry Released to Seller |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Ending Negitive Carry Account Balance |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Spread Account |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Required Spread Account Deposit (Add Loans) |
|
|
| 2.00 | % |
|
| $ | 0.00 |
|
|
|
|
| ||
Required Spread Account Target |
|
|
| 2.50 | % |
|
| $ | 24,877,195.32 |
|
|
|
|
| ||
Required Spread Account Floor |
|
|
| 2.00 | % |
|
| $ | 23,000,000.00 |
|
|
|
|
| ||
Required Spread Account |
|
|
|
|
|
|
| $ | 24,877,195.32 |
|
|
|
|
| ||
Beginning Spread Account Balance |
|
|
|
|
|
|
| $ | 25,545,019.28 |
|
|
|
|
| ||
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 |
|
|
|
|
|
|
| $ | 667,823.96 |
|
|
|
|
| ||
Ending Spread Account Balance |
|
|
|
|
|
|
| $ | 24,877,195.32 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
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 |
|
|
|
|
| ||
|
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Pre-funding Account |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Beginning Pre-funding Account Balance |
|
|
|
|
|
|
| $ | 0.25 |
|
|
|
|
| ||
New Contract Value Purchased |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Deposits to Spread Account |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Deposits to Principal Supplement Account |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Ending Pre-funding Account Balance |
|
|
|
|
|
|
| $ | 0.25 |
|
|
|
|
| ||
Release to seller |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Release to Seller |
|
|
|
|
|
|
| $ | 3,335,012.23 |
|
|
|
|
| ||
5
