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 |
|
|
| 1 |
| 1 |
| 1 |
| 1 |
|
Cutoff Date |
| 10/31/2004 |
| ||||||
Date Added |
| 10/31/2003 |
| 11/30/2003 |
| 12/31/2003 |
| 1/31/2004 |
|
Pool |
| Pool 1 |
| Pool 2 |
| Pool 3 |
| Pool 4 |
|
Scheduled Cashflows |
| 4,971,838.52 |
| 2,885,082.29 |
| 794,136.24 |
| 818,530.26 |
|
|
| 9,624,554.11 |
| 5,808,751.56 |
| 8,669,591.53 |
| 2,643,723.91 |
|
|
| 10,945,187.20 |
| 1,704,163.22 |
| 11,768,495.07 |
| 15,231,359.73 |
|
|
| 9,524,406.27 |
| 1,543,659.54 |
| 2,347,463.47 |
| 9,576,368.54 |
|
|
| 8,197,407.44 |
| 1,277,497.12 |
| 1,904,995.19 |
| 1,954,583.37 |
|
|
| 8,494,080.37 |
| 1,334,131.07 |
| 2,127,731.97 |
| 2,306,298.14 |
|
|
| 8,659,192.83 |
| 1,620,964.55 |
| 1,977,070.34 |
| 2,238,263.16 |
|
|
| 7,894,840.27 |
| 1,428,999.20 |
| 2,283,335.46 |
| 1,981,717.57 |
|
|
| 12,464,655.25 |
| 1,218,722.90 |
| 2,202,338.34 |
| 2,384,909.85 |
|
|
| 16,204,994.01 |
| 1,227,027.87 |
| 1,904,322.08 |
| 2,221,206.53 |
|
|
| 18,703,465.83 |
| 1,228,410.64 |
| 1,897,206.86 |
| 2,164,084.40 |
|
|
| 24,341,904.73 |
| 1,781,888.82 |
| 2,382,340.61 |
| 2,384,815.17 |
|
|
| 17,182,673.40 |
| 6,627,679.51 |
| 2,600,905.63 |
| 2,078,498.19 |
|
|
| 9,199,975.64 |
| 6,850,714.34 |
| 8,830,518.91 |
| 2,761,730.44 |
|
|
| 9,660,229.04 |
| 1,610,602.96 |
| 11,455,174.36 |
| 14,715,770.23 |
|
|
| 8,426,779.05 |
| 1,403,115.66 |
| 2,102,762.57 |
| 9,254,173.30 |
|
|
| 7,169,592.73 |
| 1,131,401.31 |
| 1,642,666.72 |
| 1,663,131.94 |
|
|
| 7,498,249.71 |
| 1,182,984.49 |
| 1,844,044.97 |
| 1,995,143.61 |
|
|
| 7,563,061.22 |
| 1,437,489.01 |
| 1,663,453.39 |
| 1,866,483.46 |
|
|
| 6,850,403.06 |
| 1,222,055.31 |
| 1,919,428.93 |
| 1,582,016.17 |
|
|
| 11,167,682.60 |
| 1,018,072.63 |
| 1,817,956.04 |
| 1,852,657.66 |
|
|
| 14,499,526.86 |
| 1,023,358.70 |
| 1,537,454.83 |
| 1,756,144.32 |
|
|
| 16,473,938.57 |
| 1,016,914.42 |
| 1,500,133.50 |
| 1,708,240.27 |
|
|
| 21,725,819.81 |
| 1,550,675.62 |
| 1,988,174.58 |
| 1,844,705.23 |
|
|
| 14,688,821.95 |
| 6,390,799.40 |
| 2,218,794.87 |
| 1,641,362.05 |
|
|
| 6,577,460.98 |
| 6,469,360.90 |
| 8,286,487.19 |
| 2,271,392.24 |
|
|
| 6,871,051.73 |
| 1,296,705.98 |
| 10,752,107.70 |
| 13,813,432.69 |
|
|
| 5,890,327.77 |
| 1,042,910.00 |
| 1,607,103.10 |
| 8,804,229.11 |
|
|
| 4,690,801.62 |
| 828,022.28 |
| 1,165,560.88 |
| 1,238,813.85 |
|
|
| 4,949,116.35 |
| 876,947.04 |
| 1,335,262.90 |
| 1,480,857.10 |
|
|
| 5,166,165.13 |
| 1,113,932.81 |
| 1,163,631.80 |
| 1,381,344.47 |
|
|
| 4,425,534.51 |
| 922,447.88 |
| 1,340,767.10 |
| 1,118,734.38 |
|
|
| 7,269,521.80 |
| 737,452.13 |
| 1,254,747.94 |
| 1,340,173.26 |
|
|
| 10,054,119.71 |
| 727,530.86 |
| 1,065,273.58 |
| 1,271,692.89 |
|
|
| 12,030,159.14 |
| 729,652.06 |
| 1,001,297.39 |
| 1,245,022.52 |
|
|
| 16,506,189.73 |
| 1,248,226.43 |
| 1,496,214.08 |
| 1,350,757.32 |
|
|
| 10,832,739.37 |
| 5,193,573.20 |
| 1,650,450.72 |
| 1,261,525.33 |
|
|
| 4,906,550.22 |
| 5,391,475.10 |
| 6,396,186.03 |
| 1,710,121.67 |
|
|
| 5,130,230.33 |
| 1,015,214.96 |
| 8,532,243.30 |
| 10,764,580.59 |
|
|
| 4,370,984.58 |
| 781,512.10 |
| 1,209,638.45 |
| 7,118,041.36 |
|
|
| 3,260,429.26 |
| 561,540.30 |
| 802,865.15 |
| 853,097.66 |
|
|
| 3,353,003.76 |
| 670,001.11 |
| 982,682.48 |
| 1,096,219.83 |
|
|
| 3,570,735.89 |
| 863,780.57 |
| 785,986.27 |
| 953,586.05 |
|
|
| 3,043,447.98 |
| 657,798.78 |
| 938,827.07 |
| 722,440.69 |
|
|
| 5,757,165.34 |
| 479,645.27 |
| 832,076.05 |
| 869,917.35 |
|
|
| 8,990,347.69 |
| 493,980.39 |
| 687,434.87 |
| 865,594.14 |
|
|
| 10,010,879.00 |
| 482,789.62 |
| 755,625.65 |
| 824,815.41 |
|
|
| 13,383,531.38 |
| 978,571.42 |
| 1,030,323.56 |
| 952,760.55 |
|
|
| 7,626,508.13 |
| 4,725,334.88 |
| 1,357,312.89 |
| 854,896.96 |
|
|
| 1,287,503.13 |
| 5,159,577.16 |
| 5,641,756.18 |
| 1,542,683.53 |
|
|
| 916,886.53 |
| 111,393.33 |
| 8,145,751.65 |
| 12,348,285.07 |
|
|
| 573,223.08 |
| 161,143.63 |
| 372,002.98 |
| 6,143,282.21 |
|
|
| 457,909.28 |
| 46,736.81 |
| 137,095.31 |
| 152,856.41 |
|
|
| 354,619.22 |
| 73,116.83 |
| 122,847.87 |
| 129,179.83 |
|
|
| 591,597.31 |
| 106,016.64 |
| 49,440.17 |
| 52,576.81 |
|
|
| 307,708.94 |
| 72,722.31 |
| 70,322.49 |
| 54,504.32 |
|
|
| 588,430.05 |
| 74,556.99 |
| 81,483.69 |
| 130,242.60 |
|
|
| 858,005.83 |
| 52,611.41 |
| 66,118.34 |
| 109,219.90 |
|
|
| 1,023,800.32 |
| 65,090.51 |
| 139,571.92 |
| 130,452.42 |
|
|
| 1,663,767.33 |
| 155,326.36 |
| 50,286.68 |
| 91,441.88 |
|
|
| 970,350.22 |
| 738,819.79 |
| 180,119.80 |
| 92,470.03 |
|
|
| 52,761.47 |
| 693,478.12 |
| 734,485.62 |
| 122,420.52 |
|
|
| 7,781.00 |
| 0.00 |
| 970,699.90 |
| 1,530,901.70 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 912,696.98 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 828.58 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
|
|
|
|
|
|
|
|
|
Total Amount of Scheduled Cashflow |
| 470,454,625.58 |
| 101,324,158.10 |
| 154,572,585.21 |
| 178,334,007.71 |
|
Discount Rate |
| 5.750 | % | 5.750 | % | 5.750 | % | 5.750 | % |
Beginning Contract Value |
| 451,198,649.19 |
| 97,978,768.95 |
| 143,827,824.47 |
| 162,506,234.84 |
|
Scheduled Contract Value Decline |
| 22,845,691.30 |
| 6,821,786.58 |
| 2,319,042.30 |
| 1,894,384.81 |
|
Unscheduled Contract Value Decline |
| 4,677,596.57 |
| 423,311.74 |
| 2,628,773.73 |
| 1,059,465.15 |
|
Additional Contract Value Added |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
| 423,675,361.33 |
| 90,733,670.63 |
| 138,880,008.44 |
| 159,552,384.88 |
|
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) |
| 10/15/2004 |
|
|
| |
Dated Date (act/360) |
| 10/15/2004 |
|
|
| |
Scheduled Payment Date |
| 11/15/2004 |
|
|
| |
Actual Payment Date |
| 11/15/2004 |
|
|
| |
Days in accrual period (30/360) |
| 30 |
|
|
| |
Days in accrual period (act/360) |
| 31 |
|
|
| |
1 month LIBOR Rate |
| 1.87000 | % |
|
| |
|
|
|
|
|
| |
Collateral Summary |
|
|
|
|
| |
Wtd. Average Discount Rate |
| 5.750 | % |
|
| |
Beginning Contract Value |
| 855,511,477.45 |
|
|
| |
Scheduled Contract Value Decline |
| 33,880,904.99 |
|
|
| |
Unscheduled Contract Value Decline |
| 8,789,147.19 |
|
|
| |
Additional Contract Value Purchased |
| 0.00 |
|
|
| |
Ending Contract Value |
| 812,841,425.28 |
|
|
| |
|
|
|
|
|
| |
Beginning Pre-funding Account Balance |
| 0.25 |
|
|
| |
Ending Pre-funding Account Balance |
| 0.25 |
|
|
| |
|
|
|
|
|
| |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) |
| 855,511,477.70 |
|
|
| |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) |
| 812,841,425.53 |
|
|
| |
|
|
|
|
|
| |
Collateral Performance |
|
|
|
|
| |
Scheduled Amounts 30 - 59 days past due |
| $ | 1,044,732.68 |
| 0.13 | % |
Scheduled Amounts 60 days or more past due |
| $ | 620,961.34 |
| 0.08 | % |
Net Losses on Liquidated Receivables |
| $ | 187,796.59 |
| 0.02 | % |
Cumulative Net Losses |
| $ | 1,166,834.68 |
|
|
|
Number of Loans at Beginning of Period |
| 37,988 |
|
|
| |
Number of Loans at End of Period |
| 37,226 |
|
|
| |
Repossessed Equipment not Sold or Reassigned (Beginning) |
| $ | 714,482.75 |
|
|
|
Repossessed Equipment not Sold or Reassigned (End) |
| $ | 744,394.14 |
|
|
|
|
|
|
|
|
| |
Collections and Reinvestment Income |
|
|
|
|
| |
Receipts During the period |
| $ | 45,962,460.50 |
|
|
|
|
|
|
|
|
| |
Warranty Repurchases |
|
|
|
|
| |
Contracts deferred beyond Final Scheduled Maturity Date |
| $ | 0.00 |
|
|
|
Government obligors |
| $ | 0.00 |
|
|
|
Total Warranty Repurchases |
| $ | 0.00 |
|
|
|
|
|
|
|
|
| |
Total Collections For The Period |
| $ | 45,962,460.50 |
|
|
|
|
|
|
|
|
| |
Reinvestment Income (excluding Pre-funding Account) |
| $ | 93,952.29 |
|
|
|
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 |
| $ | 46,056,412.79 |
|
|
|
|
|
|
|
|
| |
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 |
|
|
|
|
|
|
| 11/15/2004 |
|
Caclulation of Distributable Amounts |
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
| ||
Backup Servicer Engaged? |
|
|
|
|
|
|
| YES |
| ||
Current Backup Servicing Fee Due |
|
|
|
|
|
|
| $ | 14,258.52 |
| |
Past Due Backup Servicing Fee |
|
|
|
|
|
|
| $ | 0.00 |
| |
Total Backup Servicing Fee Due |
|
|
|
|
|
|
| $ | 14,258.52 |
| |
|
|
|
|
|
|
|
|
|
| ||
CNH or SST? |
|
|
|
|
|
|
| CNH |
| ||
Current Servicing Fee Due |
|
|
|
|
|
|
| $ | 712,926.23 |
| |
Past Due Servicing Fee |
|
|
|
|
|
|
| $ | 0.00 |
| |
Total Servicing Fee Due |
|
|
|
|
|
|
| $ | 712,926.23 |
| |
|
|
|
|
|
|
|
|
|
| ||
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) |
|
|
|
|
|
|
| $ | 855,511,477.70 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 0.00 |
| |
A-2 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 209,868,575.98 |
| |
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 |
|
|
|
|
|
|
| $ | 29,942,901.72 |
| |
Certificate Beginning Principal balance |
|
|
|
|
|
|
| $ | 23,000,000.00 |
| |
|
| Type |
| Coupon/ |
| Swap Adj. |
|
|
| ||
A-1 notes Current Interest Due |
| Fix |
| 1.23000 | % | 1.23000 | % | $ | 0.00 |
| |
A-2 notes Current Interest Due |
| Fix |
| 1.71000 | % | 1.71000 | % | $ | 299,062.72 |
| |
A-3a notes Current Interest Due |
| Flt |
| 0.14000 | % | 2.49500 | % | $ | 355,686.25 |
| |
A-3b notes Current Interest Due |
| Fix |
| 2.47000 | % | 2.47000 | % | $ | 287,137.50 |
| |
A-4a notes Current Interest Due |
| Flt |
| 0.23000 | % | 3.37500 | % | $ | 240,870.00 |
| |
A-4b notes Current Interest Due |
| Fix |
| 3.38000 | % | 3.38000 | % | $ | 322,508.33 |
| |
B notes Current Interest Due |
| Fix |
| 3.35000 | % | 3.35000 | % | $ | 83,590.60 |
| |
Certificate Current Interest Due |
| Fix |
| 3.35000 | % | 3.35000 | % | $ | 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 |
|
|
|
|
|
|
| $ | 0.00 |
| |
A-2 notes Total Interest Due |
|
|
|
|
|
|
| $ | 299,062.72 |
| |
A-3a notes Total Interest Due |
|
|
|
|
|
|
| $ | 355,686.25 |
| |
A-3b notes Total Interest Due |
|
|
|
|
|
|
| $ | 287,137.50 |
| |
A-4a notes Total Interest Due |
|
|
|
|
|
|
| $ | 240,870.00 |
| |
A-4b notes Total Interest Due |
|
|
|
|
|
|
| $ | 322,508.33 |
| |
B notes Total Interest Due |
|
|
|
|
|
|
| $ | 83,590.60 |
| |
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 | % | $ | 72,381.67 |
| |
A-3b Net Swap Payment Due |
|
|
|
|
| 0.00000 | % | $ | 0.00 |
| |
A-4a Net Swap Payment Due |
|
|
|
|
| 3.14500 | % | $ | 134,606.00 |
| |
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 |
|
|
|
|
|
|
| $ | 72,381.67 |
| |
A-3b Total Net Swap Payment Due |
|
|
|
|
|
|
| $ | 0.00 |
| |
A-4a Total Net Swap Payment Due |
|
|
|
|
|
|
| $ | 134,606.00 |
| |
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 |
|
|
|
|
|
|
| $ | 0.00 |
| |
A-2 notes Principal Due |
|
|
|
|
|
|
| $ | 41,176,600.34 |
| |
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 |
|
|
|
|
|
|
| $ | 13,420,500.00 |
| |
Class B notes Principal Due |
|
|
|
|
|
|
| $ | 1,493,451.83 |
| |
Reallocated Class B Principal |
|
|
|
|
|
|
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
| ||
Certificate Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
| ||
Total notes Interest Due |
|
|
|
|
|
|
| $ | 1,588,855.40 |
| |
Total notes Principal Due |
|
|
|
|
|
|
| $ | 42,670,052.17 |
| |
Net Swap/Termination Payment Due |
|
|
|
|
|
|
| $ | 206,987.67 |
| |
Total notes Distributable Amount |
|
|
|
|
|
|
| $ | 44,465,895.24 |
| |
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 |
| 11/15/2004 |
|
|
|
Cash Available for Distribution |
|
|
|
|
| ||
Total Collections + Reinvestment Income For The Period |
| $ | 46,056,412.79 |
|
|
| |
|
|
|
|
|
| ||
Beginning Negitive Carry Account |
| $ | 0.00 |
|
|
| |
Deposits from Negitive Carry Account to Distribution Account |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Beginning Spread Account Balance |
| $ | 23,000,000.00 |
|
|
| |
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 |
|
|
| |
|
|
|
|
|
| ||
Total Cash Available |
| $ | 46,056,412.79 |
|
|
| |
|
|
|
|
|
| ||
|
|
|
| Available |
| ||
Cash Allocation (Cashflow Waterfall) |
|
|
|
|
| ||
Backup Servicing Fee Paid |
| $ | 14,258.52 |
|
|
| |
Backup Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| 46,042,154.27 |
| ||
Servicing Fee Paid |
| $ | 712,926.23 |
|
|
| |
Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 45,329,228.04 |
| |
Administration Fee Paid |
| $ | 166.67 |
|
|
| |
Administration Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 45,329,061.37 |
| |
Net Swap Payment Paid |
| $ | 206,987.67 |
|
|
| |
Net Swap Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Remaining Cash Available to Pay Note Interest & Swap Termination Payment |
|
|
| $ | 45,122,073.70 |
| |
|
|
|
|
|
| ||
Cash Available to Pay Note Interest |
| $ | 45,122,073.70 |
|
|
| |
Cash Available to Pay Termination Payment |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class A-1 notes Interest Paid |
| $ | 0.00 |
|
|
| |
Class A-2 notes Interest Paid |
| $ | 299,062.72 |
|
|
| |
Class A-3a notes Interest Paid |
| $ | 355,686.25 |
|
|
| |
Class A-3b notes Interest Paid |
| $ | 287,137.50 |
|
|
| |
Class A-4a notes Interest Paid |
| $ | 240,870.00 |
|
|
| |
Class A-4b notes Interest Paid |
| $ | 322,508.33 |
|
|
| |
|
|
|
| $ | 43,616,808.90 |
| |
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 |
|
|
| |
|
|
|
| $ | 43,616,808.90 |
| |
Class B notes Interest Paid |
| $ | 83,590.60 |
|
|
| |
Class B notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 43,533,218.30 |
| |
Class A-1 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-2 notes Principal Paid |
| $ | 41,176,600.34 |
|
|
| |
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 |
| $ | 1,493,451.83 |
|
|
| |
|
|
|
| $ | 863,166.13 |
| |
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 |
| $ | 863,166.13 |
|
Reallocated Class A-2 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Remaining Class B Principal Reallocation Amount |
| $ | 0.00 |
| $ | 863,166.13 |
|
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 |
| $ | 863,166.13 |
|
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 |
| $ | 863,166.13 |
|
|
|
|
|
|
| ||
Deposits to Spread Account |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 863,166.13 |
| |
Certificate Interest Paid |
| $ | 64,208.33 |
|
|
| |
Certificate Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 798,957.80 |
| |
Certificate Principal Paid |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 798,957.80 |
| |
Total Principal Balance of Notes and Certificates (End of Period) |
| $ | 812,841,425.53 |
|
|
| |
A-1 notes Ending Principal balance |
| $ | 0.00 |
|
|
| |
A-2 notes Ending Principal balance |
| $ | 168,691,975.64 |
|
|
| |
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 |
| $ | 28,449,449.89 |
|
|
| |
Certificate Ending Principal balance |
| $ | 23,000,000.00 |
|
|
| |
|
|
|
|
|
| ||
Release to Seller as Excess |
| $ | 798,957.80 |
| $ | 798,957.80 |
|
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 |
|
|
|
|
| 11/15/2004 |
|
|
|
|
|
|
|
|
|
|
| Amount |
| Factor |
| Per/$1000 |
| |||
Summary and Factors |
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (Beginning of Period) |
|
|
|
|
| $ | 855,511,477.70 |
| 0.7439230 |
| $ | 743.92 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
| $ | (0.00 | ) | (0.0000000 | ) | $ | (0.00 | ) | |
A-2 notes Beginning Principal balance |
|
|
|
|
| $ | 209,868,575.98 |
| 0.8071868 |
| $ | 807.19 |
| |
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 |
|
|
|
|
| $ | 29,942,901.72 |
| 0.7430000 |
| $ | 743.00 |
| |
Certificate Beginning Principal balance |
|
|
|
|
| $ | 23,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (End of Period) |
|
|
|
|
| $ | 812,841,425.53 |
| 0.7068186 |
| $ | 706.82 |
| |
A-1 notes Ending Principal balance |
|
|
| $ | 234,000,000.00 |
| $ | (0.00 | ) | (0.0000000 | ) | $ | (0.00 | ) |
|
| Pro rata% |
|
|
|
|
|
|
|
|
|
|
|
|
A-2 notes Ending Principal balance |
|
|
| $ | 260,000,000.00 |
| $ | 168,691,975.64 |
| 0.6488153 |
| $ | 648.82 |
|
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 |
| $ | 114,500,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
B notes Ending Principal balance |
|
|
| $ | 40,300,000.00 |
| $ | 28,449,449.89 |
| 0.7059417 |
| $ | 705.94 |
|
Certificate Ending Principal balance |
|
|
| $ | 23,000,000.00 |
| $ | 23,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Class A-1 notes Interest Paid |
|
|
|
|
| $ | (0.00 | ) | (0.0000000 | ) | $ | (0.00 | ) | |
Class A-2 notes Interest Paid |
|
|
|
|
| $ | 299,062.72 |
| 0.0011502 |
| $ | 1.15 |
| |
Class A-3a notes Interest Paid |
|
|
|
|
| $ | 355,686.25 |
| 0.0017308 |
| $ | 1.73 |
| |
Class A-3b notes Interest Paid |
|
|
|
|
| $ | 287,137.50 |
| 0.0020583 |
| $ | 2.06 |
| |
Class A-4a notes Interest Paid |
|
|
|
|
| $ | 240,870.00 |
| 0.0018083 |
| $ | 1.81 |
| |
Class A-4b notes Interest Paid |
|
|
|
|
| $ | 322,508.33 |
| 0.0028167 |
| $ | 2.82 |
| |
Class B notes Interest Paid |
|
|
|
|
| $ | 83,590.60 |
| 0.0020742 |
| $ | 2.07 |
| |
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 |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-2 notes Principal Paid |
|
|
|
|
| $ | 41,176,600.34 |
| 0.1583715 |
| $ | 158.37 |
| |
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 |
|
|
|
|
| $ | 1,493,451.83 |
| 0.0370584 |
| $ | 37.06 |
| |
Certificate Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry Account |
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry |
| 0.75000 | % | 11/25/2003 |
| 1.8272 | % |
|
|
|
| |||
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 | % | $ | 20,321,035.63 |
|
|
|
|
| ||
Required Spread Account Floor |
|
|
| 2.00 | % | $ | 23,000,000.00 |
|
|
|
|
| ||
Required Spread Account |
|
|
|
|
| $ | 23,000,000.00 |
|
|
|
|
| ||
Beginning Spread Account Balance |
|
|
|
|
| $ | 23,000,000.00 |
|
|
|
|
| ||
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 |
|
|
|
|
| $ | 23,000,000.00 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
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 |
|
|
|
|
| $ | 0.25 |
|
|
|
|
| ||
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 |
|
|
|
|
| $ | 1,512,050.70 |
|
|
|
|
| ||
5
