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 |
|
|
|
|
| 9 |
| 9 |
| 9 |
| 9 |
|
Cutoff Date |
|
|
| 7/31/2004 |
| ||||||
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 |
| 5,197,274.30 |
| 377,542.88 |
| 501,904.75 |
| 558,496.87 |
|
|
| 1 |
| 20,352,908.67 |
| 1,191,239.88 |
| 1,908,575.21 |
| 2,202,296.60 |
|
|
| 2 |
| 32,603,607.33 |
| 2,200,818.94 |
| 2,833,054.71 |
| 2,902,189.08 |
|
|
| 3 |
| 21,538,568.80 |
| 7,521,533.40 |
| 2,830,202.91 |
| 2,253,908.23 |
|
|
| 4 |
| 11,750,191.93 |
| 7,683,396.65 |
| 10,056,425.17 |
| 3,022,051.41 |
|
|
| 5 |
| 11,742,178.23 |
| 1,849,002.11 |
| 13,682,474.66 |
| 16,257,322.63 |
|
|
| 6 |
| 9,940,769.09 |
| 1,644,572.55 |
| 2,506,470.03 |
| 10,368,720.35 |
|
|
| 7 |
| 8,582,180.84 |
| 1,312,244.14 |
| 1,975,387.45 |
| 2,001,948.83 |
|
|
| 8 |
| 8,813,145.58 |
| 1,380,999.94 |
| 2,202,306.77 |
| 2,347,341.43 |
|
|
| 9 |
| 8,993,203.31 |
| 1,657,510.41 |
| 2,046,361.76 |
| 2,278,780.25 |
|
|
| 10 |
| 8,161,686.06 |
| 1,464,659.30 |
| 2,365,237.42 |
| 2,022,126.32 |
|
|
| 11 |
| 12,874,429.80 |
| 1,252,025.41 |
| 2,274,795.98 |
| 2,434,861.23 |
|
|
| 12 |
| 16,891,675.33 |
| 1,277,766.14 |
| 1,980,916.68 |
| 2,279,559.15 |
|
|
| 13 |
| 20,595,771.97 |
| 1,290,017.88 |
| 1,986,562.45 |
| 2,252,560.94 |
|
|
| 14 |
| 28,996,886.14 |
| 2,086,265.74 |
| 2,763,920.98 |
| 2,626,916.85 |
|
|
| 15 |
| 19,089,004.64 |
| 7,267,996.05 |
| 2,730,678.01 |
| 2,120,645.18 |
|
|
| 16 |
| 9,747,410.76 |
| 7,419,848.16 |
| 9,687,230.79 |
| 2,855,631.15 |
|
|
| 17 |
| 10,243,707.43 |
| 1,709,812.48 |
| 13,128,359.97 |
| 15,481,050.82 |
|
|
| 18 |
| 8,736,991.70 |
| 1,482,301.79 |
| 2,236,197.35 |
| 9,946,308.76 |
|
|
| 19 |
| 7,443,475.67 |
| 1,153,281.91 |
| 1,698,181.74 |
| 1,693,901.13 |
|
|
| 20 |
| 7,731,217.79 |
| 1,215,475.28 |
| 1,905,500.86 |
| 2,025,750.51 |
|
|
| 21 |
| 7,812,010.11 |
| 1,462,909.68 |
| 1,718,483.58 |
| 1,896,344.10 |
|
|
| 22 |
| 7,029,511.84 |
| 1,246,872.04 |
| 1,988,151.26 |
| 1,611,136.69 |
|
|
| 23 |
| 11,461,013.53 |
| 1,041,057.34 |
| 1,894,767.76 |
| 1,891,110.82 |
|
|
| 24 |
| 15,038,059.17 |
| 1,047,814.14 |
| 1,598,666.31 |
| 1,804,052.99 |
|
|
| 25 |
| 18,173,997.79 |
| 1,064,295.88 |
| 1,571,045.96 |
| 1,787,673.21 |
|
|
| 26 |
| 26,053,531.02 |
| 1,834,722.03 |
| 2,308,344.56 |
| 2,078,580.19 |
|
|
| 27 |
| 16,446,790.58 |
| 6,978,631.35 |
| 2,336,937.28 |
| 1,670,910.30 |
|
|
| 28 |
| 7,041,777.07 |
| 6,932,748.48 |
| 9,078,416.02 |
| 2,349,501.55 |
|
|
| 29 |
| 7,378,436.43 |
| 1,380,650.94 |
| 12,339,574.58 |
| 14,559,911.97 |
|
|
| 30 |
| 6,132,603.21 |
| 1,112,544.07 |
| 1,723,741.65 |
| 9,451,367.83 |
|
|
| 31 |
| 4,890,871.95 |
| 839,995.33 |
| 1,205,446.12 |
| 1,260,936.08 |
|
|
| 32 |
| 5,105,863.09 |
| 899,321.42 |
| 1,380,029.99 |
| 1,503,692.98 |
|
|
| 33 |
| 5,350,505.76 |
| 1,129,038.95 |
| 1,204,253.44 |
| 1,404,184.85 |
|
|
| 34 |
| 4,548,734.31 |
| 937,015.09 |
| 1,395,288.13 |
| 1,141,128.01 |
|
|
| 35 |
| 7,487,932.57 |
| 748,079.00 |
| 1,298,306.28 |
| 1,372,074.52 |
|
|
| 36 |
| 10,467,968.82 |
| 738,000.20 |
| 1,114,925.84 |
| 1,313,650.34 |
|
|
| 37 |
| 13,552,479.96 |
| 765,576.98 |
| 1,061,364.94 |
| 1,282,649.11 |
|
|
| 38 |
| 19,931,007.48 |
| 1,447,010.29 |
| 1,679,886.30 |
| 1,496,176.76 |
|
|
| 39 |
| 12,380,611.25 |
| 5,703,427.01 |
| 1,752,338.77 |
| 1,281,929.33 |
|
|
| 40 |
| 5,294,487.30 |
| 5,768,172.49 |
| 7,088,802.88 |
| 1,779,649.75 |
|
|
| 41 |
| 5,590,476.56 |
| 1,094,794.53 |
| 9,915,833.39 |
| 11,347,798.14 |
|
|
| 42 |
| 4,550,919.55 |
| 846,172.09 |
| 1,312,997.03 |
| 7,695,030.44 |
|
|
| 43 |
| 3,419,782.27 |
| 570,339.09 |
| 829,453.69 |
| 869,677.26 |
|
|
| 44 |
| 3,467,608.75 |
| 688,909.83 |
| 1,011,953.73 |
| 1,113,086.26 |
|
|
| 45 |
| 3,680,646.28 |
| 875,808.43 |
| 814,701.52 |
| 970,385.33 |
|
|
| 46 |
| 3,136,216.50 |
| 666,766.80 |
| 978,604.49 |
| 738,825.65 |
|
|
| 47 |
| 5,957,444.58 |
| 489,702.28 |
| 860,505.38 |
| 893,986.06 |
|
|
| 48 |
| 9,409,101.70 |
| 522,390.52 |
| 722,783.29 |
| 899,432.35 |
|
|
| 49 |
| 11,765,934.25 |
| 520,111.09 |
| 783,242.95 |
| 858,582.59 |
|
|
| 50 |
| 16,809,560.14 |
| 1,177,445.13 |
| 1,157,613.42 |
| 1,064,134.57 |
|
|
| 51 |
| 8,661,063.07 |
| 5,249,321.69 |
| 1,465,071.96 |
| 872,491.59 |
|
|
| 52 |
| 1,303,561.52 |
| 5,632,211.59 |
| 6,162,902.87 |
| 1,604,522.43 |
|
|
| 53 |
| 1,134,536.28 |
| 141,535.94 |
| 9,572,566.91 |
| 13,002,024.07 |
|
|
| 54 |
| 579,419.85 |
| 163,404.65 |
| 400,264.56 |
| 6,593,662.00 |
|
|
| 55 |
| 464,206.77 |
| 49,046.22 |
| 136,857.48 |
| 154,568.37 |
|
|
| 56 |
| 374,589.20 |
| 75,903.40 |
| 123,779.31 |
| 129,668.64 |
|
|
| 57 |
| 597,750.41 |
| 108,997.71 |
| 50,365.15 |
| 52,991.48 |
|
|
| 58 |
| 313,471.34 |
| 75,144.11 |
| 84,901.04 |
| 54,918.99 |
|
|
| 59 |
| 628,652.89 |
| 76,839.60 |
| 82,416.12 |
| 130,664.00 |
|
|
| 60 |
| 906,364.98 |
| 54,922.22 |
| 67,045.13 |
| 127,491.81 |
|
|
| 61 |
| 1,129,503.60 |
| 67,399.92 |
| 140,821.99 |
| 129,712.04 |
|
|
| 62 |
| 1,998,925.70 |
| 174,194.68 |
| 51,567.14 |
| 91,831.91 |
|
|
| 63 |
| 1,078,894.59 |
| 780,117.14 |
| 181,751.33 |
| 92,884.95 |
|
|
| 64 |
| 0.00 |
| 742,841.37 |
| 749,355.09 |
| 122,838.74 |
|
|
| 65 |
| 0.00 |
| 0.00 |
| 1,144,920.80 |
| 1,531,509.99 |
|
|
| 66 |
| 0.00 |
| 0.00 |
| 0.00 |
| 961,236.51 |
|
|
| 67 |
| 0.00 |
| 0.00 |
| 0.00 |
| 829.63 |
|
|
| 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 |
| 588,563,109.39 |
| 118,360,513.78 |
| 177,841,793.07 |
| 194,973,814.90 |
|
Discount Rate |
|
|
| 5.750 | % | 5.750 | % | 5.750 | % | 5.750 | % |
Beginning Contract Value |
|
|
| 551,354,592.99 |
| 107,006,221.26 |
| 160,601,616.99 |
| 176,125,381.41 |
|
Scheduled Contract Value Decline |
|
|
| 18,607,256.97 |
| 1,002,467.86 |
| 1,466,365.78 |
| 2,009,966.40 |
|
Unscheduled Contract Value Decline |
|
|
| 2,921,633.56 |
| 551,551.74 |
| 858,250.37 |
| 1,339,981.67 |
|
Additional Contract Value Added |
| 1,149,999,999.75 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
|
|
| 529,825,702.45 |
| 105,452,201.66 |
| 158,277,000.84 |
| 172,775,433.33 |
|
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) |
| 7/15/2004 |
|
|
| |
Dated Date (act/360) |
| 7/15/2004 |
|
|
| |
Scheduled Payment Date |
| 8/15/2004 |
|
|
| |
Actual Payment Date |
| 8/16/2004 |
|
|
| |
Days in accrual period (30/360) |
| 30 |
|
|
| |
Days in accrual period (act/360) |
| 32 |
|
|
| |
1 month LIBOR Rate |
| 1.38000 | % |
|
| |
|
|
|
|
|
| |
Collateral Summary |
|
|
|
|
| |
Wtd. Average Discount Rate |
| 5.750 | % |
|
| |
Beginning Contract Value |
| 995,087,812.65 |
|
|
| |
Scheduled Contract Value Decline |
| 23,086,057.01 |
|
|
| |
Unscheduled Contract Value Decline |
| 5,671,417.35 |
|
|
| |
Additional Contract Value Purchased |
| 0.00 |
|
|
| |
Ending Contract Value |
| 966,330,338.29 |
|
|
| |
|
|
|
|
|
| |
Beginning Pre-funding Account Balance |
| 0.25 |
|
|
| |
Ending Pre-funding Account Balance |
| 0.25 |
|
|
| |
|
|
|
|
|
| |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) |
| 995,087,812.90 |
|
|
| |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) |
| 966,330,338.54 |
|
|
| |
|
|
|
|
|
| |
Collateral Performance |
|
|
|
|
| |
Scheduled Amounts 30 - 59 days past due |
| $ | 565,600.48 |
| 0.06 | % |
Scheduled Amounts 60 days or more past due |
| $ | 386,009.74 |
| 0.04 | % |
Net Losses on Liquidated Receivables |
| $ | 151,213.64 |
| 0.02 | % |
Cumulative Net Losses |
| $ | 724,397.62 |
|
|
|
Number of Loans at Beginning of Period |
| 40,728 |
|
|
| |
Number of Loans at End of Period |
| 40,081 |
|
|
| |
Repossessed Equipment not Sold or Reassigned (Beginning) |
| $ | 470,415.83 |
|
|
|
Repossessed Equipment not Sold or Reassigned (End) |
| $ | 609,383.26 |
|
|
|
|
|
|
|
|
| |
Collections and Reinvestment Income |
|
|
|
|
| |
Receipts During the period |
| $ | 33,398,821.01 |
|
|
|
|
|
|
|
|
| |
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 |
| $ | 33,398,821.01 |
|
|
|
|
|
|
|
|
| |
Reinvestment Income (excluding Pre-funding Account) |
| $ | 50,494.14 |
|
|
|
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 |
| $ | 33,449,315.15 |
|
|
|
|
|
|
|
|
| |
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 |
|
|
|
|
|
|
|
|
| 8/16/2004 |
|
Caclulation of Distributable Amounts |
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Backup Servicer Engaged? |
|
|
|
|
|
|
|
|
| YES |
| ||
Current Backup Servicing Fee Due |
|
|
|
|
|
|
|
|
| $ | 16,584.80 |
| |
Past Due Backup Servicing Fee |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
Total Backup Servicing Fee Due |
|
|
|
|
|
|
|
|
| $ | 16,584.80 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
CNH or SST? |
|
|
|
|
|
|
|
|
| CNH |
| ||
Current Servicing Fee Due |
|
|
|
|
|
|
|
|
| $ | 829,239.84 |
| |
Past Due Servicing Fee |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
Total Servicing Fee Due |
|
|
|
|
|
|
|
|
| $ | 829,239.84 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
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) |
|
|
|
|
|
|
|
|
| $ | 995,087,812.90 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 84,559,739.45 |
| |
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 |
|
|
|
|
|
|
|
|
| $ | 34,828,073.45 |
| |
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 |
| $ | 92,451.98 |
| |
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 |
| $ | 277,653.33 |
| |
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 |
| $ | 190,624.00 |
| |
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 |
| $ | 97,228.37 |
| |
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 |
|
|
|
|
|
|
|
|
| $ | 92,451.98 |
| |
A-2 notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 370,500.00 |
| |
A-3a notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 277,653.33 |
| |
A-3b notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 287,137.50 |
| |
A-4a notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 190,624.00 |
| |
A-4b notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 322,508.33 |
| |
B notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 97,228.37 |
| |
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 | % |
|
| $ | 151,213.75 |
| |
A-3b Net Swap Payment Due |
|
|
|
|
| 0.00000 | % |
|
| $ | 0.00 |
| |
A-4a Net Swap Payment Due |
|
|
|
|
| 3.14500 | % |
|
| $ | 185,703.00 |
| |
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 |
|
|
|
|
|
|
|
|
| $ | 151,213.75 |
| |
A-3b Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
A-4a Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 185,703.00 |
| |
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 |
|
|
|
|
|
|
|
|
| $ | 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 |
|
|
|
|
|
|
|
|
| $ | 27,750,962.76 |
| |
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 |
|
|
|
|
|
|
|
|
| $ | 11,543,304.68 |
| |
Class B notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 1,006,511.60 |
| |
Reallocated Class B Principal |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
Certificate Principal Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
Total notes Interest Due |
|
|
|
|
|
|
|
|
| $ | 1,638,103.52 |
| |
Total notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 28,757,474.36 |
| |
Net Swap/Termination Payment Due |
|
|
|
|
|
|
|
|
| $ | 336,916.75 |
| |
Total notes Distributable Amount |
|
|
|
|
|
|
|
|
| $ | 30,732,494.63 |
| |
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 |
| 8/16/2004 |
|
|
| ||
|
|
|
|
|
| ||
Cash Available for Distribution |
|
|
|
|
| ||
Total Collections + Reinvestment Income For The Period |
| $ | 33,449,315.15 |
|
|
| |
|
|
|
|
|
| ||
Beginning Negitive Carry Account |
| $ | 0.00 |
|
|
| |
Deposits from Negitive Carry Account to Distribution Account |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Beginning Spread Account Balance |
| $ | 24,877,195.32 |
|
|
| |
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 |
| $ | 33,449,315.15 |
|
|
| |
|
|
|
| Available |
| ||
Cash Allocation (Cashflow Waterfall) |
|
|
|
|
| ||
|
|
|
|
|
| ||
Backup Servicing Fee Paid |
| $ | 16,584.80 |
|
|
| |
Backup Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| 33,432,730.35 |
| ||
Servicing Fee Paid |
| $ | 829,239.84 |
|
|
| |
Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 32,603,490.51 |
| |
Administration Fee Paid |
| $ | 166.67 |
|
|
| |
Administration Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 32,603,323.84 |
| |
Net Swap Payment Paid |
| $ | 336,916.75 |
|
|
| |
Net Swap Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Remaining Cash Available to Pay Note Interest & Swap Termination Payment |
|
|
| $ | 32,266,407.09 |
| |
|
|
|
|
|
| ||
Cash Available to Pay Note Interest |
| $ | 32,266,407.09 |
|
|
| |
Cash Available to Pay Termination Payment |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class A-1 notes Interest Paid |
| $ | 92,451.98 |
|
|
| |
Class A-2 notes Interest Paid |
| $ | 370,500.00 |
|
|
| |
Class A-3a notes Interest Paid |
| $ | 277,653.33 |
|
|
| |
Class A-3b notes Interest Paid |
| $ | 287,137.50 |
|
|
| |
Class A-4a notes Interest Paid |
| $ | 190,624.00 |
|
|
| |
Class A-4b notes Interest Paid |
| $ | 322,508.33 |
|
|
| |
|
|
|
| $ | 30,725,531.94 |
| |
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 |
|
|
| |
|
|
|
| $ | 30,725,531.94 |
| |
Class B notes Interest Paid |
| $ | 97,228.37 |
|
|
| |
Class B notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 30,628,303.57 |
| |
Class A-1 notes Principal Paid |
| $ | 27,750,962.76 |
|
|
| |
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 |
| $ | 1,006,511.60 |
|
|
| |
|
|
|
| $ | 1,870,829.21 |
| |
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 |
| $ | 1,870,829.21 |
|
Reallocated Class A-2 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Remaining Class B Principal Reallocation Amount |
| $ | 0.00 |
| $ | 1,870,829.21 |
|
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 |
| $ | 1,870,829.21 |
|
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 |
| $ | 1,870,829.21 |
|
|
|
|
|
|
| ||
Deposits to Spread Account |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 1,870,829.21 |
| |
Certificate Interest Paid |
| $ | 64,208.33 |
|
|
| |
Certificate Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 1,806,620.88 |
| |
Certificate Principal Paid |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 1,806,620.88 |
| |
Total Principal Balance of Notes and Certificates (End of Period) |
| $ | 966,330,338.54 |
|
|
| |
A-1 notes Ending Principal balance |
| $ | 56,808,776.69 |
|
|
| |
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 |
| $ | 33,821,561.85 |
|
|
| |
Certificate Ending Principal balance |
| $ | 23,000,000.00 |
|
|
| |
|
|
|
|
|
| ||
Release to Seller as Excess |
| $ | 1,806,620.88 |
| $ | 1,806,620.88 |
|
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 |
|
|
|
|
|
|
| 8/16/2004 |
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
| Amount |
| Factor |
| Per/$1000 |
| |||
Summary and Factors |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (Beginning of Period) |
|
|
|
|
|
|
| $ | 995,087,812.90 |
| 0.8652938 |
| $ | 865.29 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 84,559,739.45 |
| 0.3613664 |
| $ | 361.37 |
| |
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 |
|
|
|
|
|
|
| $ | 34,828,073.45 |
| 0.8642202 |
| $ | 864.22 |
| |
Certificate Beginning Principal balance |
|
|
|
|
|
|
| $ | 23,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (End of Period) |
|
|
|
|
|
|
| $ | 966,330,338.54 |
| 0.8402873 |
| $ | 840.29 |
| |
A-1 notes Ending Principal balance |
|
|
| $ | 234,000,000.00 |
|
|
| $ | 56,808,776.69 |
| 0.2427725 |
| $ | 242.77 |
|
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 | % | $ | 33,821,561.85 |
| 0.8392447 |
| $ | 839.24 |
|
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 |
|
|
|
|
|
|
| $ | 92,451.98 |
| 0.0003951 |
| $ | 0.40 |
| |
Class A-2 notes Interest Paid |
|
|
|
|
|
|
| $ | 370,500.00 |
| 0.0014250 |
| $ | 1.43 |
| |
Class A-3a notes Interest Paid |
|
|
|
|
|
|
| $ | 277,653.33 |
| 0.0013511 |
| $ | 1.35 |
| |
Class A-3b notes Interest Paid |
|
|
|
|
|
|
| $ | 287,137.50 |
| 0.0020583 |
| $ | 2.06 |
| |
Class A-4a notes Interest Paid |
|
|
|
|
|
|
| $ | 190,624.00 |
| 0.0014311 |
| $ | 1.43 |
| |
Class A-4b notes Interest Paid |
|
|
|
|
|
|
| $ | 322,508.33 |
| 0.0028167 |
| $ | 2.82 |
| |
Class B notes Interest Paid |
|
|
|
|
|
|
| $ | 97,228.37 |
| 0.0024126 |
| $ | 2.41 |
| |
Certificate Interest Paid |
|
|
|
|
|
|
| $ | 64,208.33 |
| 0.0027917 |
| $ | 2.79 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
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 |
|
|
|
|
|
|
| $ | 27,750,962.76 |
| 0.1185939 |
| $ | 118.59 |
| |
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 |
|
|
|
|
|
|
| $ | 1,006,511.60 |
| 0.0249755 |
| $ | 24.98 |
| |
Certificate Principal Paid |
|
|
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry Account |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry |
| 0.75000 | % | 11/25/2003 |
|
|
| 1.6704 | % |
|
|
|
| |||
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 | % |
|
| $ | 24,158,258.46 |
|
|
|
|
| ||
Required Spread Account Floor |
|
|
| 2.00 | % |
|
| $ | 23,000,000.00 |
|
|
|
|
| ||
Required Spread Account |
|
|
|
|
|
|
| $ | 24,158,258.46 |
|
|
|
|
| ||
Beginning Spread Account Balance |
|
|
|
|
|
|
| $ | 24,877,195.32 |
|
|
|
|
| ||
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 |
|
|
|
|
|
|
| $ | 718,936.86 |
|
|
|
|
| ||
Ending Spread Account Balance |
|
|
|
|
|
|
| $ | 24,158,258.46 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
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 |
|
|
|
|
|
|
| $ | 0.25 |
|
|
|
|
| ||
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 |
|
|
|
|
|
|
| $ | 3,354,964.25 |
|
|
|
|
| ||
5
