Exhibit 20.1
CNH Equipment Trust 2002-A
$162,400,000 Class A-1 2.0825% Asset Backed Notes due April 15, 2003
$235,456,000 Class A-2 3.1300% Asset Backed Notes due September 15, 2004
$356,019,000 Class A-3 Floating-Rate Asset Backed Notes due July 17, 2006
$183,625,000 Class A-4 Floating-Rate Asset Backed Notes due August 15, 2008
$30,000,000 Class B Floating-Rate Asset Backed Notes due August 15, 2008
$32,500,000 Class C Floating-Rate Asset Backed Notes due March 15, 2010
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.
|
| 502030 |
| 502031 |
| 502033 |
| 502051 |
| 5502030 |
| 5502031 |
| 5502033 |
| 5502051 |
|
Cutoff Date |
| 2/29/2004 |
| ||||||||||||||
Date Added |
| 2/28/2002 |
| 2/28/2002 |
| 2/28/2002 |
| 2/28/2002 |
| 2/28/2002 |
| 2/28/2002 |
| 2/28/2002 |
| 2/28/2002 |
|
Pool |
| Pool 1 |
| Pool 2 |
| Pool 3 |
| Pool 4 |
| Pool 5 |
| Pool 6 |
| Pool 7 |
| Pool 8 |
|
Scheduled Cashflows |
| 654,530.52 |
| 1,141,229.65 |
| 27,148.90 |
| 148,395.53 |
| 1,069,738.00 |
| 1,360,616.40 |
| 31,502.98 |
| 108,272.34 |
|
|
| 531,430.24 |
| 1,623,240.02 |
| 96,628.40 |
| 697,799.49 |
| 403,745.57 |
| 1,602,391.78 |
| 70,159.74 |
| 300,802.16 |
|
|
| 423,964.32 |
| 1,671,455.82 |
| 117,747.22 |
| 845,524.95 |
| 467,562.78 |
| 1,817,389.27 |
| 85,297.06 |
| 297,270.26 |
|
|
| 442,684.77 |
| 1,690,487.78 |
| 117,167.42 |
| 879,305.44 |
| 443,734.24 |
| 1,976,040.31 |
| 82,642.49 |
| 449,287.92 |
|
|
| 367,288.81 |
| 1,745,671.14 |
| 118,446.51 |
| 896,511.95 |
| 427,963.87 |
| 2,026,464.58 |
| 82,910.38 |
| 387,349.39 |
|
|
| 428,387.92 |
| 1,875,486.41 |
| 118,791.10 |
| 884,015.34 |
| 514,728.12 |
| 2,002,611.67 |
| 97,199.56 |
| 365,118.82 |
|
|
| 483,617.13 |
| 1,509,349.90 |
| 121,361.93 |
| 884,792.55 |
| 529,872.26 |
| 1,831,557.14 |
| 84,569.11 |
| 307,315.36 |
|
|
| 405,384.53 |
| 1,883,418.68 |
| 119,399.43 |
| 885,618.19 |
| 435,017.55 |
| 1,807,404.00 |
| 84,769.11 |
| 296,308.87 |
|
|
| 396,223.23 |
| 3,142,674.52 |
| 131,661.53 |
| 926,011.64 |
| 445,650.60 |
| 3,006,176.72 |
| 90,299.51 |
| 1,055,599.20 |
|
|
| 561,105.58 |
| 7,768,808.71 |
| 120,068.99 |
| 983,378.26 |
| 519,988.19 |
| 5,629,827.88 |
| 85,723.69 |
| 3,730,153.44 |
|
|
| 805,259.84 |
| 9,922,517.53 |
| 136,965.56 |
| 862,262.70 |
| 482,796.86 |
| 4,293,145.59 |
| 103,071.28 |
| 929,345.99 |
|
|
| 1,768,566.41 |
| 7,260,639.42 |
| 182,883.56 |
| 253,859.72 |
| 1,520,859.85 |
| 2,979,460.50 |
| 239,958.22 |
| 298,534.59 |
|
|
| 4,483,686.49 |
| 1,526,548.05 |
| 215,998.90 |
| 37,616.01 |
| 2,366,661.09 |
| 1,276,655.33 |
| 208,631.62 |
| 5,232.91 |
|
|
| 606,099.84 |
| 1,418,535.58 |
| 20,610.81 |
| 18,005.39 |
| 386,677.63 |
| 1,304,403.16 |
| 2,942.98 |
| 4,532.13 |
|
|
| 342,574.64 |
| 1,301,363.86 |
| 14,578.62 |
| 15,434.99 |
| 395,097.20 |
| 1,356,530.85 |
| 4,088.46 |
| 4,192.18 |
|
|
| 342,592.47 |
| 1,304,062.93 |
| 14,578.62 |
| 15,434.99 |
| 349,042.45 |
| 1,433,881.99 |
| 1,102.23 |
| 5,833.50 |
|
|
| 251,034.74 |
| 1,294,882.37 |
| 14,578.62 |
| 20,464.27 |
| 338,667.83 |
| 1,468,201.06 |
| 2,630.40 |
| 15,407.95 |
|
|
| 330,613.00 |
| 1,436,070.52 |
| 14,578.62 |
| 15,434.99 |
| 398,748.02 |
| 1,495,749.18 |
| 9,299.44 |
| 5,833.50 |
|
|
| 346,283.96 |
| 1,185,589.94 |
| 15,054.14 |
| 15,434.99 |
| 428,947.32 |
| 1,326,028.77 |
| 2,630.40 |
| 5,833.50 |
|
|
| 273,673.95 |
| 1,370,144.03 |
| 15,097.51 |
| 15,434.99 |
| 350,855.97 |
| 1,340,277.64 |
| 2,630.40 |
| 5,833.50 |
|
|
| 286,556.05 |
| 2,316,194.49 |
| 25,116.26 |
| 15,434.99 |
| 358,858.44 |
| 2,232,100.04 |
| 5,116.13 |
| 5,833.50 |
|
|
| 404,493.60 |
| 5,831,601.98 |
| 15,097.51 |
| 36,576.18 |
| 451,179.59 |
| 4,797,091.33 |
| 2,630.40 |
| 11,415.97 |
|
|
| 625,758.57 |
| 7,458,242.66 |
| 15,097.51 |
| 33,062.59 |
| 377,413.90 |
| 3,348,591.83 |
| 11,124.73 |
| 127,236.75 |
|
|
| 1,433,741.03 |
| 5,194,615.17 |
| 20,116.16 |
| 6,649.83 |
| 1,251,460.91 |
| 2,197,683.91 |
| 35,644.57 |
| 45,398.04 |
|
|
| 3,062,413.49 |
| 991,991.05 |
| 28,833.78 |
| 6,649.83 |
| 1,916,966.60 |
| 859,885.69 |
| 10,558.73 |
| 1,416.57 |
|
|
| 386,766.18 |
| 901,916.42 |
| 10,727.17 |
| 6,649.83 |
| 276,171.51 |
| 875,324.85 |
| 1,102.23 |
| 1,416.57 |
|
|
| 232,913.10 |
| 810,099.63 |
| 10,727.17 |
| 6,649.83 |
| 263,884.12 |
| 908,831.14 |
| 3,587.96 |
| 1,270.65 |
|
|
| 217,784.30 |
| 781,994.03 |
| 10,727.17 |
| 6,649.83 |
| 238,822.86 |
| 975,657.51 |
| 1,102.23 |
| 2,807.99 |
|
|
| 143,385.27 |
| 727,116.77 |
| 10,727.17 |
| 11,679.11 |
| 228,216.93 |
| 985,149.51 |
| 2,630.40 |
| 12,382.44 |
|
|
| 216,542.19 |
| 847,935.45 |
| 10,727.17 |
| 6,649.83 |
| 267,658.56 |
| 1,025,169.64 |
| 9,299.44 |
| 2,807.99 |
|
|
| 209,234.96 |
| 659,287.73 |
| 10,727.17 |
| 6,649.83 |
| 293,744.21 |
| 858,587.41 |
| 2,630.40 |
| 2,807.99 |
|
|
| 167,591.00 |
| 780,963.72 |
| 10,727.17 |
| 6,649.83 |
| 236,253.03 |
| 867,479.46 |
| 2,630.40 |
| 2,807.99 |
|
|
| 173,992.65 |
| 1,603,891.40 |
| 10,597.76 |
| 6,649.53 |
| 238,110.75 |
| 1,623,887.63 |
| 5,116.13 |
| 2,807.98 |
|
|
| 391,668.72 |
| 4,588,905.99 |
| 10,208.28 |
| 26,717.35 |
| 283,689.75 |
| 3,645,161.33 |
| 2,630.30 |
| 8,390.27 |
|
|
| 404,093.63 |
| 5,583,991.36 |
| 10,208.28 |
| 61,219.88 |
| 243,376.29 |
| 2,148,208.34 |
| 11,124.73 |
| 126,986.56 |
|
|
| 1,079,518.61 |
| 3,444,250.23 |
| 10,208.28 |
| 4,829.12 |
| 941,489.50 |
| 1,110,586.43 |
| 35,644.01 |
| 43,981.47 |
|
|
| 2,276,247.11 |
| 218,182.24 |
| 50,809.64 |
| 0.00 |
| 1,419,404.90 |
| 80,577.52 |
| 9,456.50 |
| 0.00 |
|
|
| 173,670.90 |
| 100,836.15 |
| 944.75 |
| 0.00 |
| 66,592.01 |
| 78,081.23 |
| 0.00 |
| 0.00 |
|
|
| 7,608.11 |
| 18,280.87 |
| 944.75 |
| 0.00 |
| 22,509.39 |
| 72,368.23 |
| 0.00 |
| 0.00 |
|
|
| 1,078.22 |
| 19,008.95 |
| 0.00 |
| 0.00 |
| 17,794.60 |
| 51,489.03 |
| 0.00 |
| 0.00 |
|
|
| 1,078.22 |
| 10,606.03 |
| 0.00 |
| 0.00 |
| 17,059.64 |
| 75,989.41 |
| 0.00 |
| 0.00 |
|
|
| 18,895.16 |
| 13,799.91 |
| 0.00 |
| 0.00 |
| 17,059.64 |
| 61,504.60 |
| 0.00 |
| 0.00 |
|
|
| 1,078.22 |
| 4,095.80 |
| 0.00 |
| 0.00 |
| 18,731.69 |
| 49,933.79 |
| 0.00 |
| 0.00 |
|
|
| 1,078.22 |
| 4,095.80 |
| 0.00 |
| 0.00 |
| 17,059.64 |
| 56,754.08 |
| 0.00 |
| 0.00 |
|
|
| 6,689.50 |
| 43,209.09 |
| 0.00 |
| 0.00 |
| 17,059.64 |
| 105,628.02 |
| 0.00 |
| 0.00 |
|
|
| 1,078.22 |
| 149,905.24 |
| 0.00 |
| 0.00 |
| 35,914.12 |
| 429,682.12 |
| 0.00 |
| 0.00 |
|
|
| 48,429.21 |
| 180,654.96 |
| 0.00 |
| 0.00 |
| 16,779.90 |
| 137,669.94 |
| 0.00 |
| 0.00 |
|
|
| 35,847.90 |
| 127,561.32 |
| 0.00 |
| 0.00 |
| 56,012.72 |
| 81,303.32 |
| 0.00 |
| 0.00 |
|
|
| 46,540.70 |
| 0.00 |
| 0.00 |
| 0.00 |
| 81,844.14 |
| 1,668.16 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 346.08 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 584.81 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 5,996.04 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Amount of Scheduled Cashflow |
| 26,300,775.43 |
| 95,491,407.34 |
| 2,006,619.54 |
| 9,550,103.77 |
| 21,948,405.27 |
| 71,076,859.32 |
| 1,524,088.35 |
| 8,977,826.24 |
|
Discount Rate |
| 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % |
Beginning Contract Value |
| 27,732,351.24 |
| 89,905,750.70 |
| 2,150,728.26 |
| 10,084,191.99 |
| 22,277,014.04 |
| 67,192,017.31 |
| 1,677,983.76 |
| 8,873,587.67 |
|
Scheduled Contract Value Decline |
| 3,968,610.38 |
| 2,659,763.23 |
| 248,228.25 |
| 764,357.71 |
| 3,076,025.04 |
| 2,851,127.84 |
| 249,242.97 |
| 328,756.63 |
|
Unscheduled Contract Value Decline |
| 1,928.48 |
| 537,652.00 |
| 7,436.35 |
| 104,837.52 |
| (704,161.27 | ) | (500,090.14 | ) | (15,632.75 | ) | (19,305.78 | ) |
Additional Contract Value Added |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
| 23,761,812.38 |
| 86,708,335.47 |
| 1,895,063.65 |
| 9,214,996.76 |
| 19,905,150.27 |
| 64,840,979.60 |
| 1,444,373.54 |
| 8,564,136.83 |
|
|
| 502034 |
| 502035 |
| 5502034 |
| 5502035 |
| 502036 |
| 502037 |
| 502038 |
| 5502036 |
| 5502037 |
|
Cutoff Date |
| 2/29/2004 |
| ||||||||||||||||
Date Added |
| 3/31/2002 |
| 3/31/2002 |
| 3/31/2002 |
| 3/31/2002 |
| 4/30/2002 |
| 4/30/2002 |
| 4/30/2002 |
| 4/30/2002 |
| 4/30/2002 |
|
Pool |
| Pool 9 |
| Pool 10 |
| Pool 11 |
| Pool 12 |
| Pool 13 |
| Pool 14 |
| Pool 15 |
| Pool 16 |
| Pool 17 |
|
Scheduled Cashflows |
| 938,958.93 |
| 74,657.61 |
| 987,733.20 |
| 136,757.42 |
| 403,956.99 |
| 86,411.64 |
| 170,184.51 |
| 473,128.18 |
| 71,421.24 |
|
|
| 4,621,858.29 |
| 257,085.24 |
| 2,233,292.90 |
| 307,526.73 |
| 4,205,517.46 |
| 591,292.89 |
| 11,163.09 |
| 2,780,042.58 |
| 447,933.08 |
|
|
| 697,645.71 |
| 153,676.53 |
| 560,029.40 |
| 167,596.98 |
| 6,419,579.12 |
| 494,249.83 |
| 50,907.67 |
| 2,826,720.26 |
| 387,644.89 |
|
|
| 465,065.39 |
| 156,276.68 |
| 585,081.69 |
| 173,062.33 |
| 700,503.53 |
| 236,181.70 |
| 34,748.07 |
| 729,876.24 |
| 240,036.10 |
|
|
| 495,476.72 |
| 146,352.95 |
| 599,712.81 |
| 173,153.44 |
| 694,140.39 |
| 236,229.32 |
| 31,306.67 |
| 761,280.65 |
| 241,810.79 |
|
|
| 440,161.06 |
| 148,120.03 |
| 579,768.54 |
| 173,143.10 |
| 667,963.14 |
| 240,068.16 |
| 24,003.35 |
| 750,487.29 |
| 239,808.71 |
|
|
| 528,718.42 |
| 148,125.02 |
| 638,055.38 |
| 182,191.14 |
| 754,393.34 |
| 236,229.32 |
| 0.00 |
| 721,540.09 |
| 245,736.18 |
|
|
| 771,262.30 |
| 148,125.02 |
| 792,079.81 |
| 201,567.76 |
| 874,262.05 |
| 247,048.30 |
| 0.00 |
| 906,687.72 |
| 255,055.43 |
|
|
| 485,816.89 |
| 156,492.12 |
| 594,168.56 |
| 176,136.22 |
| 841,938.56 |
| 240,653.15 |
| 71,035.22 |
| 882,842.17 |
| 248,476.78 |
|
|
| 472,719.02 |
| 149,638.35 |
| 625,126.49 |
| 182,731.66 |
| 778,843.31 |
| 237,669.85 |
| 0.00 |
| 798,252.05 |
| 242,976.98 |
|
|
| 751,685.13 |
| 161,050.56 |
| 710,652.89 |
| 181,566.49 |
| 1,015,453.01 |
| 254,517.78 |
| 8,677.46 |
| 874,958.14 |
| 238,047.52 |
|
|
| 654,614.28 |
| 148,932.92 |
| 614,476.10 |
| 185,861.74 |
| 791,918.69 |
| 245,104.38 |
| 0.00 |
| 781,545.38 |
| 234,412.75 |
|
|
| 2,452,728.73 |
| 220,385.16 |
| 2,111,149.82 |
| 389,411.29 |
| 821,708.39 |
| 255,644.57 |
| 0.00 |
| 754,011.87 |
| 238,349.02 |
|
|
| 5,292,714.88 |
| 219,183.09 |
| 2,336,118.08 |
| 253,421.59 |
| 4,294,994.32 |
| 484,822.34 |
| 0.00 |
| 2,688,416.14 |
| 471,669.71 |
|
|
| 599,767.30 |
| 34,504.60 |
| 497,981.83 |
| 6,940.87 |
| 6,408,186.36 |
| 325,113.23 |
| 0.00 |
| 2,619,266.00 |
| 236,701.85 |
|
|
| 368,457.19 |
| 17,929.58 |
| 499,042.57 |
| 1,262.44 |
| 566,623.52 |
| 23,762.07 |
| 0.00 |
| 606,150.47 |
| 6,240.87 |
|
|
| 366,242.68 |
| 17,929.58 |
| 506,982.52 |
| 1,262.44 |
| 558,517.43 |
| 15,834.73 |
| 0.00 |
| 627,921.55 |
| 5,328.37 |
|
|
| 327,085.05 |
| 19,368.69 |
| 489,034.94 |
| 1,262.44 |
| 515,864.52 |
| 15,692.73 |
| 0.00 |
| 616,751.61 |
| 5,328.37 |
|
|
| 405,542.71 |
| 19,368.69 |
| 531,415.00 |
| 6,789.69 |
| 521,312.50 |
| 12,407.22 |
| 0.00 |
| 600,175.12 |
| 5,328.37 |
|
|
| 618,167.10 |
| 19,368.69 |
| 675,840.25 |
| 1,262.44 |
| 695,387.86 |
| 12,407.22 |
| 0.00 |
| 737,053.96 |
| 10,226.64 |
|
|
| 368,531.79 |
| 27,730.79 |
| 499,329.92 |
| 1,262.44 |
| 647,124.55 |
| 14,996.58 |
| 0.00 |
| 886,581.14 |
| 5,328.37 |
|
|
| 355,196.57 |
| 19,368.69 |
| 519,547.33 |
| 1,262.44 |
| 627,034.14 |
| 12,407.22 |
| 0.00 |
| 659,815.02 |
| 5,328.37 |
|
|
| 632,417.13 |
| 30,635.84 |
| 570,656.15 |
| 1,262.44 |
| 742,626.47 |
| 20,429.72 |
| 0.00 |
| 739,242.81 |
| 5,328.37 |
|
|
| 483,093.02 |
| 17,929.58 |
| 524,872.83 |
| 1,262.44 |
| 628,491.40 |
| 14,996.58 |
| 0.00 |
| 634,809.76 |
| 5,328.37 |
|
|
| 1,739,271.02 |
| 17,929.58 |
| 1,731,947.22 |
| 12,399.39 |
| 644,627.57 |
| 32,407.22 |
| 0.00 |
| 623,507.34 |
| 5,328.37 |
|
|
| 3,975,186.47 |
| 58,653.44 |
| 1,773,373.01 |
| 28,912.77 |
| 3,154,447.33 |
| 32,638.81 |
| 0.00 |
| 2,255,826.86 |
| 74,765.63 |
|
|
| 406,437.61 |
| 16,931.48 |
| 388,319.46 |
| 165.03 |
| 4,461,441.09 |
| 52,171.67 |
| 0.00 |
| 2,085,865.59 |
| 37,984.50 |
|
|
| 223,337.77 |
| 16,931.48 |
| 381,406.67 |
| 165.03 |
| 345,730.17 |
| 8,645.81 |
| 0.00 |
| 440,006.83 |
| 1,570.38 |
|
|
| 196,722.46 |
| 16,931.48 |
| 388,417.17 |
| 165.03 |
| 366,061.07 |
| 8,645.81 |
| 0.00 |
| 463,960.14 |
| 1,570.38 |
|
|
| 179,391.70 |
| 18,370.59 |
| 369,182.03 |
| 165.03 |
| 286,798.06 |
| 8,645.81 |
| 0.00 |
| 449,867.98 |
| 1,570.38 |
|
|
| 260,232.20 |
| 18,370.59 |
| 403,255.28 |
| 5,692.28 |
| 310,184.71 |
| 8,645.81 |
| 0.00 |
| 435,484.18 |
| 1,570.38 |
|
|
| 406,597.38 |
| 18,370.59 |
| 523,243.01 |
| 165.03 |
| 452,122.29 |
| 8,645.81 |
| 0.00 |
| 555,852.53 |
| 6,468.65 |
|
|
| 211,866.53 |
| 26,732.69 |
| 364,333.96 |
| 165.03 |
| 385,557.62 |
| 8,645.81 |
| 0.00 |
| 543,110.47 |
| 1,570.38 |
|
|
| 167,050.73 |
| 18,370.59 |
| 378,708.79 |
| 165.03 |
| 417,219.55 |
| 8,645.81 |
| 0.00 |
| 481,466.57 |
| 31,739.91 |
|
|
| 446,877.66 |
| 29,637.86 |
| 439,711.59 |
| 165.03 |
| 438,855.07 |
| 8,645.81 |
| 0.00 |
| 548,632.98 |
| 1,570.38 |
|
|
| 304,924.89 |
| 16,229.78 |
| 383,073.27 |
| 165.03 |
| 395,541.03 |
| 8,645.81 |
| 0.00 |
| 462,501.44 |
| 1,570.38 |
|
|
| 1,355,193.46 |
| 15,885.22 |
| 1,475,105.39 |
| 11,302.28 |
| 394,826.70 |
| 28,645.81 |
| 0.00 |
| 442,547.68 |
| 1,570.38 |
|
|
| 2,967,936.20 |
| 50,585.31 |
| 1,281,857.60 |
| 14,120.00 |
| 2,425,767.78 |
| 19,205.45 |
| 0.00 |
| 1,683,350.23 |
| 43,216.78 |
|
|
| 172,340.24 |
| 1,306.27 |
| 43,070.82 |
| 0.00 |
| 3,114,736.50 |
| 33,537.56 |
| 0.00 |
| 1,363,726.54 |
| 26,907.87 |
|
|
| 17,106.65 |
| 1,306.07 |
| 32,263.75 |
| 0.00 |
| 145,278.91 |
| 1,409.99 |
| 0.00 |
| 46,771.91 |
| 0.00 |
|
|
| 20,756.66 |
| 0.00 |
| 41,291.48 |
| 0.00 |
| 79,826.27 |
| 1,409.99 |
| 0.00 |
| 51,950.70 |
| 0.00 |
|
|
| 7,564.37 |
| 0.00 |
| 33,444.69 |
| 0.00 |
| 0.00 |
| 1,409.99 |
| 0.00 |
| 41,943.26 |
| 0.00 |
|
|
| 2,973.45 |
| 0.00 |
| 30,103.22 |
| 0.00 |
| 0.00 |
| 1,409.99 |
| 0.00 |
| 41,943.26 |
| 0.00 |
|
|
| 86,672.41 |
| 0.00 |
| 73,520.80 |
| 0.00 |
| 104,711.56 |
| 1,409.99 |
| 0.00 |
| 44,968.40 |
| 0.00 |
|
|
| 21,833.96 |
| 0.00 |
| 29,746.20 |
| 0.00 |
| 0.00 |
| 1,409.99 |
| 0.00 |
| 47,456.64 |
| 0.00 |
|
|
| 2,973.45 |
| 0.00 |
| 29,596.18 |
| 0.00 |
| 73,814.31 |
| 1,409.99 |
| 0.00 |
| 41,916.19 |
| 0.00 |
|
|
| 23,512.44 |
| 0.00 |
| 38,398.05 |
| 0.00 |
| 12,810.19 |
| 1,409.99 |
| 0.00 |
| 227,237.87 |
| 0.00 |
|
|
| 2,973.45 |
| 0.00 |
| 29,280.12 |
| 0.00 |
| 0.00 |
| 1,409.99 |
| 0.00 |
| 40,407.86 |
| 0.00 |
|
|
| 17,278.31 |
| 0.00 |
| 87,700.76 |
| 0.00 |
| 0.00 |
| 1,409.99 |
| 0.00 |
| 39,737.65 |
| 0.00 |
|
|
| 60,342.85 |
| 0.00 |
| 89,371.80 |
| 0.00 |
| 40,304.83 |
| 1,409.99 |
| 0.00 |
| 154,372.32 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 554.64 |
| 0.00 |
| 43,847.29 |
| 1,410.21 |
| 0.00 |
| 122,459.76 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 267.96 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 2,014.71 |
| 0.00 |
| 0.00 |
| 644.52 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 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 |
| 36,871,280.61 |
| 2,854,779.03 |
| 30,122,425.97 |
| 2,981,869.96 |
| 53,272,865.66 |
| 4,847,509.44 |
| 402,026.04 |
| 39,195,341.86 |
| 4,332,821.88 |
|
Discount Rate |
| 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % |
Beginning Contract Value |
| 36,595,624.33 |
| 3,014,554.55 |
| 29,261,965.78 |
| 3,147,921.25 |
| 49,996,771.46 |
| 4,999,876.42 |
| 447,543.12 |
| 36,642,214.88 |
| 4,365,173.85 |
|
Scheduled Contract Value Decline |
| 2,415,377.55 |
| 316,255.35 |
| 2,275,370.14 |
| 386,605.35 |
| 816,473.88 |
| 380,568.61 |
| 205,202.28 |
| 896,567.87 |
| 246,104.40 |
|
Unscheduled Contract Value Decline |
| 602,403.41 |
| 4,948.27 |
| (350,963.48 | ) | (97,358.17 | ) | 562,989.36 |
| 1,035.21 |
| (153,526.04 | ) | 155,972.29 |
| (13,819.51 | ) |
Additional Contract Value Added |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
| 33,577,843.37 |
| 2,693,350.94 |
| 27,337,559.12 |
| 2,858,674.07 |
| 48,617,308.22 |
| 4,618,272.60 |
| 395,866.89 |
| 35,589,674.72 |
| 4,132,888.96 |
|
1
CNH Equipment Trust 2002-A
$162,400,000 Class A-1 2.0825% Asset Backed Notes due April 15, 2003
$235,456,000 Class A-2 3.1300% Asset Backed Notes due September 15, 2004
$356,019,000 Class A-3 Floating-Rate Asset Backed Notes due July 17, 2006
$183,625,000 Class A-4 Floating-Rate Asset Backed Notes due August 15, 2008
$30,000,000 Class B Floating-Rate Asset Backed Notes due August 15, 2008
$32,500,000 Class C Floating-Rate Asset Backed Notes due March 15, 2010
Settlement Date |
|
|
|
|
|
|
| |
Scheduled Payment Date |
| 4/15/2002 |
| 3/15/2004 |
|
|
| |
Actual Payment Date |
| 4/15/2002 |
| 3/15/2004 |
|
|
| |
Collection Period Begin Date |
|
|
| 2/1/2004 |
|
|
| |
Collection Period End Date |
|
|
| 2/29/2004 |
|
|
| |
Days in accrual period (30/360) |
|
|
| 30 |
|
|
| |
Days in accrual period (act/360) |
|
|
| 27 |
|
|
| |
1 month LIBOR Rate |
|
|
| 1.0938 | % |
|
| |
|
|
|
|
|
|
|
| |
Collateral Summary |
|
|
|
|
|
|
| |
Wtd. Average Discount Rate |
|
|
| 6.750 | % |
|
| |
Beginning Contract Value |
|
|
| 398,365,270.62 |
|
|
| |
Scheduled Contract Value Decline |
|
|
| 22,084,637.48 |
|
|
| |
Unscheduled Contract Value Decline |
|
|
| 124,345.75 |
|
|
| |
Additional Contract Value Purchased |
|
|
| 0.00 |
|
|
| |
Ending Contract Value |
|
|
| 376,156,287.38 |
|
|
| |
|
|
|
|
|
|
|
| |
Beginning Pre-funding Account Balance |
|
|
| 0.00 |
|
|
| |
Ending Pre-funding Account Balance |
|
|
| 0.00 |
|
|
| |
|
|
|
|
|
|
|
| |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) |
|
|
| 398,365,270.62 |
|
|
| |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) |
|
|
| 376,156,287.38 |
|
|
| |
Total Original Contract Value (including Additional Contracts) |
|
|
| 999,794,417.00 |
|
|
| |
|
|
|
|
|
|
|
| |
Collateral Performance |
|
|
|
|
|
|
| |
Scheduled Amounts 30 - 59 days past due |
|
|
| $ | 905,936.04 |
| 0.24 | % |
Scheduled Amounts 60 days or more past due |
|
|
| $ | 1,682,142.23 |
| 0.45 | % |
Net Losses on Liquidated Receivables |
|
|
| $ | 50,328.84 |
| 0.01 | % |
Cumulative Net Losses |
|
|
| $ | 3,213,975.47 |
|
|
|
Number of Loans at Beginning of Period |
|
|
| 26,558 |
|
|
| |
Number of Loans at End of Period |
|
|
| 25,973 |
|
|
| |
Repossessed Equipment not Sold or Reassigned (Beginning) |
|
|
| $ | 641,702.39 |
|
|
|
Repossessed Equipment not Sold or Reassigned (End) |
|
|
| $ | 578,873.70 |
|
|
|
|
|
|
|
|
|
|
| |
Collections and Reinvestment Income |
|
|
|
|
|
|
| |
Receipts During the period |
|
|
| $ | 24,391,268.25 |
|
|
|
|
|
|
|
|
|
|
| |
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 |
|
|
| $ | 24,391,268.25 |
|
|
|
|
|
|
|
|
|
|
| |
Reinvestment Income (excluding Pre-funding Account) |
|
|
| $ | 40,460.23 |
|
|
|
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 |
|
|
| $ | 24,431,728.48 |
|
|
|
|
|
|
|
|
|
|
| |
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 2002-A
$162,400,000 Class A-1 2.0825% Asset Backed Notes due April 15, 2003
$235,456,000 Class A-2 3.1300% Asset Backed Notes due September 15, 2004
$356,019,000 Class A-3 Floating-Rate Asset Backed Notes due July 17, 2006
$183,625,000 Class A-4 Floating-Rate Asset Backed Notes due August 15, 2008
$30,000,000 Class B Floating-Rate Asset Backed Notes due August 15, 2008
$32,500,000 Class C Floating-Rate Asset Backed Notes due March 15, 2010
Actual Payment Date |
|
|
|
|
|
|
| 3/15/2004 |
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Calculation of Distributable Amounts |
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Current Servicing Fee Due |
|
|
|
|
| 1.000 | % | $ | 331,971.06 |
|
|
| |
Past Due Servicing Fee |
|
|
|
|
|
|
| $ | 0.00 |
|
|
| |
Total Servicing Fee Due |
|
|
|
|
|
|
| $ | 331,971.06 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
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) |
|
|
|
|
|
|
| $ | 398,365,270.62 |
|
|
| |
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 0.00 |
|
|
| |
A-2 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 0.00 |
|
|
| |
A-3 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 189,842,441.20 |
|
|
| |
A-4 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 183,625,000.00 |
|
|
| |
B notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 11,950,958.12 |
|
|
| |
C notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 12,946,871.30 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
A-1 notes Current Interest Due |
| 2.0825 | % | act/360 |
|
|
| $ | 0.00 |
|
|
| |
A-2 notes Current Interest Due |
| 3.1300 | % | 30/360 |
|
|
| $ | 0.00 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
Class A-3 Current Interest Due |
|
|
|
|
|
|
|
|
|
|
| ||
1 Month LIBOR Rate |
|
|
|
|
|
|
| 1.09375 | % |
|
| ||
Spread for Note |
|
|
|
|
|
|
| 0.25000 | % |
|
| ||
Floating Rate Yield |
|
|
|
|
|
|
| 1.34375 | % | ACT/360 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Class A-3 Current Interest Due |
|
|
|
|
|
|
| $ | 191,325.59 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
Class A-3 Swap float Rate receipt due |
|
|
|
|
|
|
| $ | 155,730.13 |
|
|
| |
Class A-3 Swap fixed Rate payment due |
| 4.2130 | % | 30/360 |
|
|
| $ | 666,505.17 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
Class A-3 Net Swap receipt |
|
|
|
|
|
|
| 0.00 |
|
|
| ||
Class A-3 Past due Net Swap payment |
|
|
|
|
|
|
| 0.00 |
|
|
| ||
Interest on Class A-3 Past due Net Swap payment |
|
|
|
|
|
|
| 0.00 |
|
|
| ||
Class A-3 Net Swap payment |
|
|
|
|
|
|
| 510,775.04 |
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Class A-4 Current Interest Due |
|
|
|
|
|
|
|
|
|
|
| ||
1 Month LIBOR Rate |
|
|
|
|
|
|
| 1.09375 | % |
|
| ||
Spread for Note |
|
|
|
|
|
|
| 0.30000 | % |
|
| ||
Floating Rate Yield |
|
|
|
|
|
|
| 1.39375 | % | ACT/360 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Class A-4 Current Interest Due |
|
|
|
|
|
|
| $ | 191,945.51 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
Class A-4 Swap float Rate receipt due |
|
|
|
|
|
|
| $ | 150,629.88 |
|
|
| |
Class A-4 Swap fixed Rate payment due |
| 4.9950 | % | 30/360 |
|
|
| $ | 764,339.06 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
Class A-4 Net Swap receipt |
|
|
|
|
|
|
| 0.00 |
|
|
| ||
Class A-4 Past due Net Swap payment |
|
|
|
|
|
|
| 0.00 |
|
|
| ||
Interest on Class A-4 Past due Net Swap payment |
|
|
|
|
|
|
| 0.00 |
|
|
| ||
Class A-4 Net Swap payment |
|
|
|
|
|
|
| 613,709.18 |
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Class B Current Interest Due |
|
|
|
|
|
|
|
|
|
|
| ||
1 Month LIBOR Rate |
|
|
|
|
|
|
| 1.09375 | % |
|
| ||
Spread for Note |
|
|
|
|
|
|
| 0.97000 | % |
|
| ||
Floating Rate Yield |
|
|
|
|
|
|
| 2.06375 | % | ACT/360 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Class B Current Interest Due |
|
|
|
|
|
|
| $ | 18,497.84 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
Class B Swap float Rate receipt due |
|
|
|
|
|
|
| $ | 9,803.52 |
|
|
| |
Class B Swap fixed Rate payment due |
| 4.3230 | % | 30/360 |
|
|
| $ | 43,053.33 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
Class B Net Swap receipt |
|
|
|
|
|
|
| 0.00 |
|
|
| ||
Class B Past due Net Swap payment |
|
|
|
|
|
|
| 0.00 |
|
|
| ||
Interest on Class B Past due Net Swap payment |
|
|
|
|
|
|
| 0.00 |
|
|
| ||
Class B Net Swap payment |
|
|
|
|
|
|
| 33,249.81 |
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Class C Current Interest Due |
|
|
|
|
|
|
|
|
|
|
| ||
1 Month LIBOR Rate |
|
|
|
|
|
|
| 1.09375 | % |
|
| ||
Spread for Note |
|
|
|
|
|
|
| 1.90000 | % |
|
| ||
Floating Rate Yield |
|
|
|
|
|
|
| 2.99375 | % | ACT/360 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Class C Current Interest Due |
|
|
|
|
|
|
| $ | 29,069.77 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
Class C Swap float Rate receipt due |
|
|
|
|
|
|
| $ | 10,620.48 |
|
|
| |
Class C Swap fixed Rate payment due |
| 4.4675 | % | 30/360 |
|
|
| $ | 48,200.12 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
Class C Net Swap receipt |
|
|
|
|
|
|
| 0.00 |
|
|
| ||
Class C Past due Net Swap payment |
|
|
|
|
|
|
| 0.00 |
|
|
| ||
Interest on Class C Past due Net Swap payment |
|
|
|
|
|
|
| 0.00 |
|
|
| ||
Class C Net Swap payment |
|
|
|
|
|
|
| 37,579.64 |
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Net Swap Payments Due |
|
|
|
|
|
|
| 1,195,313.67 |
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
A-1 notes Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
|
| |
A-2 notes Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
|
| |
A-3 notes Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
|
| |
A-4 notes Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
|
| |
B notes Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
|
| |
C notes Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
A-1 notes Interest Due on Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
|
| |
A-2 notes Interest Due on Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
|
| |
A-3 notes Interest Due on Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
|
| |
A-4 notes Interest Due on Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
|
| |
B notes Interest Due on Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
|
| |
3
C notes Interest Due on Past Due Interest |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
A-1 notes Total Interest Due |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
A-2 notes Total Interest Due |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
A-3 notes Total Interest Due |
|
|
|
|
|
|
| $ | 191,325.59 |
|
|
|
A-4 notes Total Interest Due |
|
|
|
|
|
|
| $ | 191,945.51 |
|
|
|
B notes Total Interest Due |
|
|
|
|
|
|
| $ | 18,497.84 |
|
|
|
C notes Total Interest Due |
|
|
|
|
|
|
| $ | 29,069.77 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Class A Noteholders’ Monthly Principal Distributable Amount |
|
|
|
|
|
|
| $ | 20,820,921.78 |
|
|
|
Class B Noteholders’ Monthly Principal Distributable Amount |
|
|
|
|
|
|
| $ | 666,269.50 |
|
|
|
Class C Noteholders’ Monthly Principal Distributable Amount |
|
|
|
|
|
|
| $ | 721,791.96 |
|
|
|
Reallocated Class C Principal Amount |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
A-1 notes Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
A-2 notes Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
A-3 notes Principal Due |
|
|
|
|
|
|
| $ | 20,820,921.78 |
|
|
|
A-4 notes Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
|
|
|
Class B notes Principal Due |
|
|
|
|
|
|
| $ | 666,269.50 |
|
|
|
Class C notes Principal Due |
|
|
|
|
|
|
| $ | 721,791.96 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
Total notes Interest Due |
|
|
|
|
|
|
| $ | 430,838.71 |
|
|
|
Total notes Principal Due |
|
|
|
|
|
|
| $ | 22,208,983.24 |
|
|
|
Net Swap/Termination Payment Due |
|
|
|
|
|
|
| $ | 1,195,313.67 |
|
|
|
Total notes Distributable Amount |
|
|
|
|
|
|
| $ | 23,835,135.62 |
|
|
|
4
CNH Equipment Trust 2002-A
$162,400,000 Class A-1 2.0825% Asset Backed Notes due April 15, 2003
$235,456,000 Class A-2 3.1300% Asset Backed Notes due September 15, 2004
$356,019,000 Class A-3 Floating-Rate Asset Backed Notes due July 17, 2006
$183,625,000 Class A-4 Floating-Rate Asset Backed Notes due August 15, 2008
$30,000,000 Class B Floating-Rate Asset Backed Notes due August 15, 2008
$32,500,000 Class C Floating-Rate Asset Backed Notes due March 15, 2010
Actual Payment Date |
| 3/15/2004 |
|
|
| ||
|
|
|
|
|
| ||
Cash Available for Distribution |
|
|
|
|
| ||
Total Collections + Reinvestment Income For The Period |
| $ | 24,431,728.48 |
|
|
| |
|
|
|
|
|
| ||
Beginning Negitive Carry Account |
| $ | 0.00 |
|
|
| |
Deposits from Negitive Carry Account to Distribution Account |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Beginning Spread Account Balance |
| $ | 32,493,318.55 |
|
|
| |
Additional Deposit to Spread Account from Pre-funding |
| $ | 0.00 |
|
|
| |
Deposits from Spread Account to Distribution Account |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Beginning Principal Supplement Account |
| $ | 0.00 |
|
|
| |
Deposits from Principal Supplement Account to Distribution Account |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Beginning Prefunding Account |
|
|
|
|
| ||
Deposits from Prefunding Account |
|
|
|
|
| ||
|
|
|
|
|
| ||
Total Cash Available |
| $ | 24,431,728.48 |
|
|
| |
|
|
|
|
|
| ||
|
|
|
| Available |
| ||
Cash Allocation (Cashflow Waterfall) |
|
|
|
|
| ||
Is CNH the servicier |
| Yes |
|
|
| ||
Servicing Fee Paid (If CNH is not the servicer) |
| $ | 0.00 |
|
|
| |
Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 24,431,728.48 |
| |
Administration Fee Paid |
| $ | 166.67 |
|
|
| |
Administration Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 24,431,561.81 |
| |
Net Swap Payment Paid |
| $ | 1,195,313.67 |
|
|
| |
Net Swap Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Remaining Cash Available to Pay Class A Interest & Swap Termination Payment |
|
|
| $ | 23,236,248.14 |
| |
|
|
|
|
|
| ||
Cash Available to Pay Class A Interest |
| $ | 23,236,248.14 |
|
|
| |
Cash Available to Pay Class A Termination Payment |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class A-1 notes Interest Paid |
| $ | 0.00 |
|
|
| |
Class A-2 notes Interest Paid |
| $ | 0.00 |
|
|
| |
Class A-3 notes Interest Paid |
| $ | 191,325.59 |
|
|
| |
Class A-4 notes Interest Paid |
| $ | 191,945.51 |
|
|
| |
|
|
|
|
|
| ||
Class A-1 notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
Class A-2 notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
Class A-3 notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
Class A-4 notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Cash Available to Pay Class A Termination Payment |
| $ | 22,852,977.04 |
|
|
| |
|
|
|
|
|
| ||
Class A Swap Termination Payments due to Swap CounterParty |
| $ | 0.00 |
|
|
| |
Prior Class A Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
Total Class A Swap Termination Payment due to Swap CounterParty |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class A Swap Termination Payment Paid |
| $ | 0.00 |
|
|
| |
Class A Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Remaining Cash Available to Pay Class B Interest & Swap Termination Payment |
|
|
| $ | 22,852,977.04 |
| |
|
|
|
|
|
| ||
Cash Available to Pay Class B Interest |
| $ | 22,852,977.04 |
|
|
| |
Cash Available to Pay Class B Termination Payment |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class B notes Interest Paid |
| $ | 18,497.84 |
|
|
| |
Class B notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Cash Available to Pay Class B Termination Payment |
| $ | 22,834,479.20 |
|
|
| |
|
|
|
|
|
| ||
Class B Swap Termination Payments due to Swap CounterParty |
| $ | 0.00 |
|
|
| |
Prior Class B Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
Total Class B Swap Termination Payment due to Swap CounterParty |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class B Swap Termination Payment Paid |
| $ | 0.00 |
|
|
| |
Class B Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Remaining Cash Available to Pay Class C Interest & Swap Termination Payment |
|
|
| $ | 22,834,479.20 |
| |
|
|
|
|
|
| ||
Cash Available to Pay Class C Interest |
| $ | 22,834,479.20 |
|
|
| |
Cash Available to Pay Class C Termination Payment |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class C notes Interest Paid |
| $ | 29,069.77 |
|
|
| |
Class C notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Cash Available to Pay Class C Termination Payment |
| $ | 22,805,409.43 |
|
|
| |
|
|
|
|
|
| ||
Class C Swap Termination Payments due to Swap CounterParty |
| $ | 0.00 |
|
|
| |
Prior Class C Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
Total Class C Swap Termination Payment due to Swap CounterParty |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Class C Swap Termination Payment Paid |
| $ | 0.00 |
|
|
| |
Class C Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
|
|
|
| $ | 22,805,409.43 |
| |
Class A-1 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-2 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-3 notes Principal Paid |
| $ | 20,820,921.78 |
|
|
| |
Class A-4 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class B notes Principal Paid |
| $ | 666,269.50 |
|
|
| |
5
Class C notes Principal Paid |
| $ | 721,791.96 |
|
|
| |
|
|
|
| $ | 596,426.19 |
| |
Deposits to Spread Account |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 596,426.19 |
| |
Total Principal Balance of Notes and Certificates (End of Period) |
| $ | 376,156,287.38 |
|
|
| |
A-1 notes Ending Principal balance |
| $ | 0.00 |
|
|
| |
A-2 notes Ending Principal balance |
| $ | 0.00 |
|
|
| |
A-3 notes Ending Principal balance |
| $ | 169,021,519.42 |
|
|
| |
A-4 notes Ending Principal balance |
| $ | 183,625,000.00 |
|
|
| |
B notes Ending Principal balance |
| $ | 11,284,688.62 |
|
|
| |
C notes Ending Principal balance |
| $ | 12,225,079.34 |
|
|
| |
|
|
|
|
|
| ||
Servicing Fee Paid (If CNH is the servicer) |
| $ | 331,971.06 |
|
|
| |
Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
Release to Seller as Excess |
| $ | 264,455.13 |
| $ | 264,455.13 |
|
6
CNH Equipment Trust 2002-A
$162,400,000 Class A-1 2.0825% Asset Backed Notes due April 15, 2003
$235,456,000 Class A-2 3.1300% Asset Backed Notes due September 15, 2004
$356,019,000 Class A-3 Floating-Rate Asset Backed Notes due July 17, 2006
$183,625,000 Class A-4 Floating-Rate Asset Backed Notes due August 15, 2008
$30,000,000 Class B Floating-Rate Asset Backed Notes due August 15, 2008
$32,500,000 Class C Floating-Rate Asset Backed Notes due March 15, 2010
Actual Payment Date |
|
|
|
|
| 3/15/2004 |
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
| Amount |
| Factor |
| Per/$1000 |
| ||||
Summary and Factors |
|
|
|
|
|
|
|
|
|
|
| ||||
Total Principal Balance of Notes and Certificates (Beginning of Period) |
|
|
|
|
| $ | 398,365,270.62 |
| 0.3983653 |
| $ | 398.37 |
| ||
A-1 notes Beginning Principal balance |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| ||
A-2 notes Beginning Principal balance |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| ||
A-3 notes Beginning Principal balance |
|
|
|
|
| $ | 189,842,441.20 |
| 0.5332368 |
| $ | 533.24 |
| ||
A-4 notes Beginning Principal balance |
|
|
|
|
| $ | 183,625,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| ||
B notes Beginning Principal balance |
|
|
|
|
| $ | 11,950,958.12 |
| 0.3983653 |
| $ | 398.37 |
| ||
C notes Beginning Principal balance |
|
|
|
|
| $ | 12,946,871.30 |
| 0.3983653 |
| $ | 398.37 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||||
Total Principal Balance of Notes and Certificates (End of Period) |
|
|
|
|
| $ | 376,156,287.38 |
| 0.3761563 |
| $ | 376.16 |
| ||
A-1 notes Ending Principal balance |
| 2.0825 | % | $ | 162,400,000.00 |
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
A-2 notes Ending Principal balance |
| 3.1300 | % | $ | 235,456,000.00 |
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
A-3 notes Ending Principal balance |
| 4.4630 | % | $ | 356,019,000.00 |
| $ | 169,021,519.42 |
| 0.4747542 |
| $ | 474.75 |
| |
A-4 notes Ending Principal balance |
| 5.2950 | % | $ | 183,625,000.00 |
| $ | 183,625,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
B notes Ending Principal balance |
| 5.2930 | % | $ | 30,000,000.00 |
| $ | 11,284,688.62 |
| 0.3761563 |
| $ | 376.16 |
| |
C notes Ending Principal balance |
| 6.3675 | % | $ | 32,500,000.00 |
| $ | 12,225,079.34 |
| 0.3761563 |
| $ | 376.16 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||||
Class A-1 notes Interest Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| ||
Class A-2 notes Interest Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| ||
Class A-3 notes Interest Paid |
|
|
|
|
| $ | 191,325.59 |
| 0.0005374 |
| $ | 0.54 |
| ||
Class A-4 notes Interest Paid |
|
|
|
|
| $ | 191,945.51 |
| 0.0010453 |
| $ | 1.05 |
| ||
Class B notes Interest Paid |
|
|
|
|
| $ | 18,497.84 |
| 0.0006166 |
| $ | 0.62 |
| ||
Class C notes Interest Paid |
|
|
|
|
| $ | 29,069.77 |
| 0.0008945 |
| $ | 0.89 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||||
Class A-1 notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| ||
Class A-2 notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| ||
Class A-3 notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| ||
Class A-4 notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| ||
Class B notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| ||
Class C notes 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 |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| ||
Class A-3 notes Principal Paid |
|
|
|
|
| $ | 20,820,921.78 |
| 0.0584826 |
| $ | 58.48 |
| ||
Class A-4 notes Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| ||
Class B notes Principal Paid |
|
|
|
|
| $ | 666,269.50 |
| 0.0222090 |
| $ | 22.21 |
| ||
Class C notes Principal Paid |
|
|
|
|
| $ | 721,791.96 |
| 0.0222090 |
| $ | 22.21 |
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||||
Negative Carry Account |
|
|
|
|
|
|
|
|
|
|
| ||||
Negative Carry |
|
|
| 3/27/2002 |
| 2.409 | % |
|
|
|
| ||||
Negative Carry Days Remaining |
|
|
| 9/16/2002 |
| 0 |
|
|
|
|
| ||||
Required Negative Carry Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Beginning Negative Carry Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Negative Carry Account Withdrawals to Distribution Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Negative Carry Released to Seller |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Ending Negative Carry Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
| ||||
Spread Account |
|
|
|
|
|
|
|
|
|
|
| ||||
Required Spread Account Balance |
|
|
| 3.25 | % | $ | 32,493,318.55 |
|
|
|
|
| |||
Beginning Spread Account Balance |
|
|
| 4.50 | % | $ | 32,493,318.55 |
|
|
|
|
| |||
Additional Deposit to Spread Account from Pre-funding |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Spread Account Withdrawals to Distribution Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Spread Account Deposits from Excess Cash |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Spread Account Released to Seller |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Ending Spread Account Balance |
|
|
|
|
| $ | 32,493,318.55 |
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
| ||||
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 Withdrawals to Distribution Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Principal Supplement Account Released to Seller |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Ending Principal Supplement Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
| ||||
Pre-funding Account |
|
|
|
|
|
|
|
|
|
|
| ||||
Beginning Pre-funding Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
New Contract Value Purchased |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Deposits to Spread Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Deposits to Principal Supplement Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Excess Release to Noteholders for Unpurchased Amount |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Ending Pre-funding Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
Release to seller |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
| ||||
Total Release to Seller |
|
|
|
|
| $ | 596,592.86 |
|
|
|
|
| |||
7
