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 | | 502034 | |
Cutoff Date Date Added Pool | | | | 6/30/2004 | |
| | | 2/28/2002 | | 2/28/2002 | | 2/28/2002 | | 2/28/2002 | | 2/28/2002 | | 2/28/2002 | | 2/28/2002 | | 2/28/2002 | | 3/31/2002 | |
| Period | | Pool 1 | | Pool 2 | | Pool 3 | | Pool 4 | | Pool 5 | | Pool 6 | | Pool 7 | | Pool 8 | | Pool 9 | |
Scheduled Cashflows | | 0 | | 132,244.97 | | 756,862.84 | | 6,950.43 | | 104,281.77 | | 346,549.72 | | 1,094,452.07 | | 7,958.18 | | 93,685.47 | | 219,284.19 | |
| | 1 | | 352,513.10 | | 1,536,828.16 | | 98,153.63 | | 663,351.66 | | 460,306.39 | | 1,710,903.80 | | 68,172.38 | | 291,371.66 | | 369,486.44 | |
| | 2 | | 466,179.85 | | 1,412,591.16 | | 118,627.74 | | 831,844.63 | | 506,000.11 | | 1,718,363.30 | | 76,984.46 | | 292,105.04 | | 504,544.74 | |
| | 3 | | 385,146.48 | | 1,666,911.85 | | 117,022.62 | | 859,960.28 | | 408,450.43 | | 1,701,273.87 | | 79,798.99 | | 285,186.39 | | 716,819.29 | |
| | 4 | | 376,377.44 | | 2,975,036.47 | | 129,583.54 | | 900,999.71 | | 422,838.31 | | 2,748,642.93 | | 85,706.56 | | 971,081.65 | | 448,019.75 | |
| | 5 | | 526,140.57 | | 7,392,802.08 | | 118,212.63 | | 963,563.81 | | 495,153.25 | | 5,228,136.34 | | 81,220.20 | | 3,532,980.35 | | 454,693.27 | |
| | 6 | | 777,015.60 | | 9,387,291.64 | | 135,109.20 | | 861,102.35 | | 448,318.03 | | 4,005,314.98 | | 97,916.05 | | 921,519.15 | | 711,746.37 | |
| | 7 | | 1,626,733.50 | | 6,838,091.11 | | 169,692.51 | | 247,194.93 | | 1,467,316.18 | | 2,793,013.26 | | 231,447.23 | | 290,978.11 | | 630,151.64 | |
| | 8 | | 4,237,231.41 | | 1,409,691.23 | | 215,998.90 | | 37,616.01 | | 2,199,596.66 | | 1,199,624.06 | | 205,283.41 | | 4,066.24 | | 2,339,677.51 | |
| | 9 | | 574,538.17 | | 1,328,187.93 | | 20,610.81 | | 18,005.39 | | 356,102.84 | | 1,213,631.23 | | 4,979.80 | | 3,365.46 | | 4,864,503.34 | |
| | 10 | | 333,917.95 | | 1,260,464.03 | | 14,578.62 | | 15,434.99 | | 373,389.44 | | 1,265,577.41 | | 6,125.28 | | 3,025.51 | | 557,708.48 | |
| | 11 | | 334,135.86 | | 1,267,487.92 | | 14,578.62 | | 15,434.99 | | 328,800.63 | | 1,353,965.36 | | 1,102.23 | | 4,666.83 | | 347,914.83 | |
| | 12 | | 242,604.58 | | 1,214,032.35 | | 14,578.62 | | 26,144.27 | | 325,229.16 | | 1,383,568.02 | | 2,630.40 | | 14,241.28 | | 372,420.13 | |
| | 13 | | 325,777.63 | | 1,390,021.84 | | 14,578.62 | | 15,434.99 | | 383,840.29 | | 1,428,581.53 | | 5,116.13 | | 4,666.83 | | 310,281.02 | |
| | 14 | | 345,800.03 | | 1,132,939.08 | | 14,578.62 | | 15,434.99 | | 417,729.22 | | 1,269,829.16 | | 2,630.40 | | 4,666.83 | | 391,698.14 | |
| | 15 | | 265,903.28 | | 1,256,682.77 | | 14,578.62 | | 15,434.99 | | 337,720.66 | | 1,267,703.47 | | 2,630.40 | | 4,666.83 | | 572,932.39 | |
| | 16 | | 278,790.65 | | 2,202,197.33 | | 24,597.37 | | 15,434.99 | | 345,122.82 | | 2,091,590.65 | | 5,116.13 | | 4,666.83 | | 349,408.13 | |
| | 17 | | 396,567.69 | | 5,543,550.03 | | 14,578.62 | | 36,576.18 | | 408,138.37 | | 4,374,907.90 | | 2,630.40 | | 10,249.30 | | 341,417.16 | |
| | 18 | | 604,283.09 | | 7,042,332.00 | | 14,578.62 | | 41,587.09 | | 353,800.08 | | 3,086,933.09 | | 11,124.73 | | 126,070.08 | | 539,571.00 | |
| | 19 | | 1,300,688.75 | | 4,876,436.46 | | 14,578.52 | | 6,649.83 | | 1,196,124.58 | | 2,050,945.07 | | 31,461.26 | | 44,231.37 | | 466,764.71 | |
| | 20 | | 2,908,093.94 | | 889,520.25 | | 28,314.89 | | 6,649.83 | | 1,773,936.98 | | 810,559.30 | | 10,558.73 | | 249.90 | | 1,648,374.42 | |
| | 21 | | 360,510.00 | | 835,384.35 | | 10,208.28 | | 6,649.83 | | 249,366.16 | | 807,907.80 | | 1,102.23 | | 249.90 | | 3,704,938.92 | |
| | 22 | | 229,655.09 | | 789,212.84 | | 10,208.28 | | 6,649.83 | | 247,363.90 | | 847,307.99 | | 3,587.96 | | 103.97 | | 378,074.58 | |
| | 23 | | 222,868.93 | | 751,580.20 | | 10,208.28 | | 6,649.83 | | 225,225.66 | | 920,634.22 | | 1,102.23 | | 1,641.32 | | 205,167.96 | |
| | 24 | | 140,062.46 | | 664,512.84 | | 10,208.28 | | 17,359.11 | | 217,361.91 | | 921,368.60 | | 2,630.40 | | 11,215.77 | | 193,131.57 | |
| | 25 | | 211,963.07 | | 821,245.41 | | 10,208.28 | | 6,649.83 | | 256,976.56 | | 932,816.54 | | 5,116.13 | | 1,641.32 | | 166,730.45 | |
| | 26 | | 215,401.75 | | 631,195.61 | | 10,208.28 | | 6,649.83 | | 284,589.36 | | 816,527.69 | | 2,630.40 | | 1,641.32 | | 250,865.53 | |
| | 27 | | 164,308.75 | | 681,663.51 | | 10,208.28 | | 6,649.83 | | 225,801.79 | | 823,286.78 | | 2,630.40 | | 1,641.32 | | 361,028.57 | |
| | 28 | | 170,444.78 | | 1,525,143.74 | | 10,208.28 | | 6,649.53 | | 227,938.73 | | 1,497,031.50 | | 5,116.13 | | 1,641.31 | | 199,207.65 | |
| | 29 | | 388,175.70 | | 4,413,714.14 | | 10,208.28 | | 26,717.35 | | 270,628.67 | | 3,369,587.39 | | 2,630.30 | | 7,223.60 | | 157,907.45 | |
| | 30 | | 380,439.05 | | 4,979,090.64 | | 10,208.28 | | 32,810.88 | | 228,170.70 | | 1,966,673.88 | | 11,124.73 | | 125,820.09 | | 348,127.78 | |
| | 31 | | 971,164.17 | | 3,134,180.71 | | 10,208.28 | | 4,829.12 | | 894,733.27 | | 1,043,401.52 | | 31,460.77 | | 43,981.47 | | 292,205.43 | |
| | 32 | | 2,139,076.96 | | 192,354.61 | | 50,809.64 | | 0.00 | | 1,276,079.10 | | 87,013.58 | | 9,456.50 | | 0.00 | | 1,277,818.74 | |
| | 33 | | 149,704.67 | | 101,856.82 | | 944.75 | | 0.00 | | 66,666.26 | | 74,719.86 | | 0.00 | | 0.00 | | 2,753,553.73 | |
| | 34 | | 7,617.75 | | 33,881.11 | | 944.75 | | 0.00 | | 37,746.60 | | 72,711.81 | | 0.00 | | 0.00 | | 161,099.92 | |
| | 35 | | 1,078.22 | | 82,911.41 | | 0.00 | | 0.00 | | 18,500.13 | | 50,907.03 | | 0.00 | | 0.00 | | 10,266.56 | |
| | 36 | | 1,078.22 | | 10,976.27 | | 0.00 | | 0.00 | | 15,076.18 | | 75,530.79 | | 0.00 | | 0.00 | | 20,764.52 | |
| | 37 | | 18,894.32 | | 14,179.35 | | 0.00 | | 0.00 | | 15,076.18 | | 61,218.99 | | 0.00 | | 0.00 | | 7,564.37 | |
| | 38 | | 18,045.40 | | 4,466.59 | | 0.00 | | 0.00 | | 15,076.18 | | 57,505.07 | | 0.00 | | 0.00 | | 2,973.45 | |
| | 39 | | 1,078.22 | | 4,466.59 | | 0.00 | | 0.00 | | 15,003.48 | | 55,723.69 | | 0.00 | | 0.00 | | 21,860.72 | |
| | 40 | | 6,705.46 | | 43,687.76 | | 0.00 | | 0.00 | | 14,796.44 | | 87,751.41 | | 0.00 | | 0.00 | | 21,859.85 | |
| | 41 | | 1,078.22 | | 150,001.06 | | 0.00 | | 0.00 | | 33,741.02 | | 225,738.36 | | 0.00 | | 0.00 | | 2,973.45 | |
| | 42 | | 48,430.06 | | 130,214.00 | | 0.00 | | 0.00 | | 14,573.05 | | 126,068.85 | | 0.00 | | 0.00 | | 23,512.43 | |
| | 43 | | 35,852.57 | | 116,051.92 | | 0.00 | | 0.00 | | 53,832.71 | | 81,632.25 | | 0.00 | | 0.00 | | 2,973.45 | |
| | 44 | | 46,562.38 | | 370.79 | | 0.00 | | 0.00 | | 72,617.96 | | 1,585.10 | | 0.00 | | 0.00 | | 2,973.45 | |
| | 45 | | 0.00 | | 370.79 | | 0.00 | | 0.00 | | 346.08 | | 0.00 | | 0.00 | | 0.00 | | 60,324.39 | |
| | 46 | | 0.00 | | 370.79 | | 0.00 | | 0.00 | | 585.82 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 47 | | 0.00 | | 370.79 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 48 | | 0.00 | | 6,353.92 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 49 | | 0.00 | | 370.79 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 50 | | 0.00 | | 370.28 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 51 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 52 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 53 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 54 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 55 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 56 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 57 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 58 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 59 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 60 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 61 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 62 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 63 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 64 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 65 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 66 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 67 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 68 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 69 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 70 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 71 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 72 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 73 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 74 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 75 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 76 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 77 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 78 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | | | | | | | | | | | | | | | | | | | | |
Total Amount of Scheduled Cashflow | | Total | | 22,720,880.74 | | 82,900,508.16 | | 1,479,071.97 | | 5,826,402.65 | | 18,332,338.05 | | 58,802,167.50 | | 1,099,181.53 | | 7,104,542.50 | | 27,785,321.87 | |
Discount Rate | | | | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % |
Beginning Contract Value | | | | 21,219,690.47 | | 78,836,500.28 | | 1,519,689.29 | | 6,621,774.40 | | 17,549,255.47 | | 56,987,834.07 | | 1,154,229.44 | | 7,338,023.07 | | 25,896,395.18 | |
Scheduled Contract Value Decline | | | | 285,842.72 | | 1,813,019.60 | | 95,759.54 | | 801,989.76 | | 864,352.64 | | 2,744,022.58 | | 78,265.72 | | 383,759.75 | | 601,035.75 | |
Unscheduled Contract Value Decline | | | | 138,327.55 | | 585,511.39 | | 15,456.36 | | 142,942.24 | | (117,280.03 | ) | (74,140.90 | ) | 24,133.59 | | 71,185.50 | | (45,338.11 | ) |
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 | | | | 20,795,520.20 | | 76,437,969.29 | | 1,408,473.39 | | 5,676,842.40 | | 16,802,182.86 | | 54,317,952.38 | | 1,051,830.13 | | 6,883,077.82 | | 25,340,697.53 | |
| | | | 502035 | | 5502034 | | 5502035 | | 502036 | | 502037 | | 502038 | | 5502036 | | 5502037 | |
Cutoff Date Date Added Pool | | | | 6/30/2004 | |
| | | 3/31/2002 | | 3/31/2002 | | 3/31/2002 | | 4/30/2002 | | 4/30/2002 | | 4/30/2002 | | 4/30/2002 | | 4/30/2002 | |
| Period | | Pool 10 | | Pool 11 | | Pool 12 | | Pool 13 | | Pool 14 | | Pool 15 | | Pool 16 | | Pool 17 | |
Scheduled Cashflows | | 0 | | 16,519.25 | | 226,177.89 | | 24,858.57 | | 444,144.38 | | 41,548.41 | | 162,131.59 | | 497,824.81 | | 58,158.64 | |
| | 1 | | 122,271.23 | | 476,939.65 | | 132,130.47 | | 554,768.75 | | 171,620.13 | | 5,000.95 | | 641,543.38 | | 212,004.36 | |
| | 2 | | 143,818.51 | | 576,047.79 | | 166,585.61 | | 747,738.09 | | 217,390.85 | | 0.00 | | 681,249.21 | | 237,771.89 | |
| | 3 | | 145,452.73 | | 739,632.80 | | 188,959.65 | | 815,062.75 | | 234,082.57 | | 0.00 | | 851,179.68 | | 248,484.89 | |
| | 4 | | 153,821.71 | | 557,785.09 | | 163,058.80 | | 808,099.13 | | 227,829.77 | | 0.00 | | 830,605.85 | | 238,442.12 | |
| | 5 | | 146,967.94 | | 585,730.81 | | 170,180.08 | | 752,152.74 | | 224,408.44 | | 0.00 | | 738,609.68 | | 239,733.38 | |
| | 6 | | 158,563.06 | | 658,109.57 | | 169,973.34 | | 986,244.04 | | 232,904.79 | | 0.00 | | 825,916.01 | | 233,111.18 | |
| | 7 | | 145,890.36 | | 563,580.79 | | 173,710.83 | | 747,611.68 | | 232,027.57 | | 0.00 | | 724,271.06 | | 229,866.59 | |
| | 8 | | 209,554.06 | | 2,024,740.21 | | 363,672.99 | | 784,023.79 | | 242,750.28 | | 0.00 | | 671,993.46 | | 233,802.86 | |
| | 9 | | 208,563.87 | | 2,042,200.56 | | 247,964.68 | | 3,990,676.12 | | 472,567.49 | | 0.00 | | 2,464,613.00 | | 456,539.63 | |
| | 10 | | 34,034.60 | | 445,609.64 | | 6,193.02 | | 5,885,861.72 | | 315,926.35 | | 0.00 | | 2,403,077.69 | | 234,129.85 | |
| | 11 | | 17,929.58 | | 469,564.78 | | 2,050.00 | | 573,119.01 | | 31,845.19 | | 0.00 | | 594,011.37 | | 6,240.87 | |
| | 12 | | 17,929.58 | | 469,361.97 | | 1,262.44 | | 521,506.49 | | 23,917.85 | | 0.00 | | 613,884.71 | | 7,103.06 | |
| | 13 | | 19,368.69 | | 457,603.96 | | 1,262.44 | | 498,475.72 | | 23,775.85 | | 0.00 | | 611,652.44 | | 7,103.06 | |
| | 14 | | 19,368.69 | | 496,751.04 | | 6,789.69 | | 520,325.97 | | 20,490.18 | | 0.00 | | 575,668.91 | | 7,103.06 | |
| | 15 | | 19,368.69 | | 624,309.88 | | 1,262.44 | | 655,284.50 | | 12,407.22 | | 0.00 | | 697,467.83 | | 12,001.33 | |
| | 16 | | 27,730.79 | | 476,041.17 | | 1,262.44 | | 621,036.53 | | 14,996.58 | | 0.00 | | 699,863.83 | | 7,103.06 | |
| | 17 | | 19,368.69 | | 474,962.47 | | 1,262.44 | | 600,522.73 | | 12,407.22 | | 0.00 | | 620,797.73 | | 7,103.06 | |
| | 18 | | 30,635.84 | | 530,391.45 | | 1,262.44 | | 715,239.01 | | 12,407.22 | | 0.00 | | 701,904.02 | | 5,328.37 | |
| | 19 | | 17,929.58 | | 482,727.22 | | 1,262.44 | | 594,139.62 | | 14,996.58 | | 0.00 | | 586,480.05 | | 5,328.37 | |
| | 20 | | 17,929.58 | | 1,659,067.12 | | 12,399.39 | | 619,784.69 | | 32,407.22 | | 0.00 | | 550,755.78 | | 5,328.37 | |
| | 21 | | 51,077.13 | | 1,504,942.93 | | 28,912.77 | | 2,878,234.36 | | 32,638.81 | | 0.00 | | 2,059,816.33 | | 74,765.63 | |
| | 22 | | 16,931.48 | | 355,038.95 | | 165.03 | | 4,073,414.01 | | 52,171.67 | | 0.00 | | 1,925,035.00 | | 37,984.50 | |
| | 23 | | 16,931.48 | | 361,333.03 | | 165.03 | | 357,135.63 | | 8,645.81 | | 0.00 | | 422,162.25 | | 1,570.38 | |
| | 24 | | 16,931.48 | | 358,503.31 | | 165.03 | | 342,846.51 | | 8,645.81 | | 0.00 | | 447,303.50 | | 3,345.07 | |
| | 25 | | 18,370.59 | | 344,723.84 | | 165.03 | | 283,111.16 | | 8,645.81 | | 0.00 | | 441,669.37 | | 3,345.07 | |
| | 26 | | 18,370.59 | | 374,325.56 | | 5,692.28 | | 325,902.17 | | 8,645.81 | | 0.00 | | 407,920.89 | | 3,345.07 | |
| | 27 | | 18,370.59 | | 474,893.18 | | 165.03 | | 423,907.27 | | 8,645.81 | | 0.00 | | 513,181.00 | | 8,243.34 | |
| | 28 | | 26,732.69 | | 346,945.78 | | 165.03 | | 373,870.34 | | 8,645.81 | | 0.00 | | 498,640.66 | | 3,345.07 | |
| | 29 | | 18,370.59 | | 356,711.80 | | 165.03 | | 404,586.59 | | 8,645.81 | | 0.00 | | 464,209.03 | | 3,344.87 | |
| | 30 | | 29,637.86 | | 405,562.36 | | 165.03 | | 428,547.94 | | 8,645.81 | | 0.00 | | 519,341.41 | | 1,570.38 | |
| | 31 | | 16,229.78 | | 345,818.14 | | 165.03 | | 378,270.12 | | 8,645.81 | | 0.00 | | 426,507.63 | | 1,570.38 | |
| | 32 | | 15,885.22 | | 1,411,465.52 | | 11,302.28 | | 386,924.31 | | 28,645.81 | | 0.00 | | 383,772.33 | | 1,570.38 | |
| | 33 | | 43,008.99 | | 1,090,726.29 | | 14,120.00 | | 2,191,020.69 | | 19,205.45 | | 0.00 | | 1,536,763.77 | | 43,216.78 | |
| | 34 | | 1,306.27 | | 45,962.40 | | 0.00 | | 2,908,454.88 | | 33,537.56 | | 0.00 | | 1,261,757.30 | | 26,907.87 | |
| | 35 | | 1,306.07 | | 30,295.58 | | 0.00 | | 167,173.18 | | 1,409.99 | | 0.00 | | 47,539.78 | | 0.00 | |
| | 36 | | 0.00 | | 39,330.66 | | 0.00 | | 70,160.18 | | 1,409.99 | | 0.00 | | 59,283.88 | | 0.00 | |
| | 37 | | 0.00 | | 28,995.37 | | 0.00 | | 1,197.73 | | 1,409.99 | | 0.00 | | 58,255.23 | | 0.00 | |
| | 38 | | 0.00 | | 28,476.81 | | 0.00 | | 33,558.70 | | 1,409.99 | | 0.00 | | 39,635.45 | | 0.00 | |
| | 39 | | 0.00 | | 78,583.29 | | 0.00 | | 88,864.82 | | 1,409.99 | | 0.00 | | 41,977.70 | | 0.00 | |
| | 40 | | 0.00 | | 28,311.19 | | 0.00 | | 0.00 | | 1,409.99 | | 0.00 | | 44,415.02 | | 0.00 | |
| | 41 | | 0.00 | | 28,311.19 | | 0.00 | | 73,818.75 | | 1,409.99 | | 0.00 | | 53,668.61 | | 0.00 | |
| | 42 | | 0.00 | | 37,113.07 | | 0.00 | | 14,389.47 | | 1,409.99 | | 0.00 | | 66,882.04 | | 0.00 | |
| | 43 | | 0.00 | | 27,995.13 | | 0.00 | | 0.00 | | 1,409.99 | | 0.00 | | 36,855.74 | | 0.00 | |
| | 44 | | 0.00 | | 86,140.08 | | 0.00 | | 0.00 | | 1,409.99 | | 0.00 | | 36,488.58 | | 0.00 | |
| | 45 | | 0.00 | | 83,897.88 | | 0.00 | | 40,266.47 | | 1,409.99 | | 0.00 | | 147,999.38 | | 0.00 | |
| | 46 | | 0.00 | | 549.17 | | 0.00 | | 43,975.82 | | 1,410.21 | | 0.00 | | 106,980.26 | | 0.00 | |
| | 47 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 267.96 | | 0.00 | |
| | 48 | | 0.00 | | 0.00 | | 0.00 | | 2,010.08 | | 0.00 | | 0.00 | | 650.47 | | 0.00 | |
| | 49 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 50 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 51 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 52 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 53 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 54 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 55 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 56 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 57 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 58 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 59 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 60 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 61 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 62 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 63 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 64 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 65 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 66 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 67 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 68 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 69 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 70 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 71 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 72 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 73 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 74 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 75 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 76 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 77 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | 78 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
| | | | | | | | | | | | | | | | | | | |
Total Amount of Scheduled Cashflow | | Total | | 2,002,477.84 | | 23,312,288.37 | | 1,898,876.80 | | 38,727,458.64 | | 3,073,639.45 | | 167,132.54 | | 29,632,351.07 | | 2,905,912.79 | |
Discount Rate | | | | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % | 6.750 | % |
Beginning Contract Value | | | | 2,053,128.68 | | 22,108,161.45 | | 2,044,210.76 | | 36,185,975.29 | | 3,218,201.04 | | 187,952.66 | | 28,355,198.87 | | 3,038,169.03 | |
Scheduled Contract Value Decline | | | | 144,548.98 | | 646,951.25 | | 177,032.61 | | 1,048,254.75 | | 217,110.63 | | 174,111.88 | | 1,157,033.05 | | 260,049.96 | |
Unscheduled Contract Value Decline | | | | 11,370.22 | | 202,784.32 | | 34,323.98 | | (109,654.74 | ) | 67,864.70 | ) | (153,263.79 | ) | 218,245.50 | ) | (11,009.85 | ) |
Additional Contract Value Added | | | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | | 0.00 | |
Ending Contract Value | | | | 1,897,209.48 | | 21,258,425.88 | | 1,832,854.18 | | 35,247,375.28 | | 2,933,225.71 | | 167,104.57 | | 26,979,920.32 | | 2,789,128.92 | |
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 | | 7/15/2004 | | | | | |
Actual Payment Date | | 7/15/2004 | | | | | |
Collection Period Begin Date | | 6/1/2004 | | | | | |
Collection Period End Date | | 6/30/2004 | | | | | |
Days in accrual period (30/360) | | 30 | | | | | |
Days in accrual period (act/360) | | 30 | | | | | |
1 month LIBOR Rate | | 1.2388 | % | | | | |
| | | | | | | |
Collateral Summary | | | | | | | |
Wtd. Average Discount Rate | | 6.750 | % | | | | |
Beginning Contract Value | | 314,314,389.46 | | | | | |
Scheduled Contract Value Decline | | 11,493,141.18 | | | | | |
Unscheduled Contract Value Decline | | 1,001,457.94 | | | | | |
Additional Contract Value Purchased | | 0.00 | | | | | |
Ending Contract Value | | 301,819,790.35 | | | | | |
| | | | | | | |
Beginning Pre-funding Account Balance | | 0.00 | | | | | |
Ending Pre-funding Account Balance | | 0.00 | | | | | |
| | | | | | | |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) | | 314,314,389.46 | | | | | |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) | | 301,819,790.35 | | | | | |
Total Original Contract Value (including Additional Contracts) | | 999,794,417.00 | | | | | |
| | | | | | | |
Collateral Performance | | | | | | | |
Scheduled Amounts 30 - 59 days past due | | $ | 371,425.68 | | 0.12 | % | | |
Scheduled Amounts 60 days or more past due | | $ | 1,662,484.90 | | 0.55 | % | | |
Net Losses on Liquidated Receivables | | $ | 417.78 | | 0.00 | % | | |
Cumulative Net Losses | | $ | 3,703,982.24 | | | | | |
Number of Loans at Beginning of Period | | 24,188 | | | | | |
Number of Loans at End of Period | | 23,834 | | | | | |
Repossessed Equipment not Sold or Reassigned (Beginning) | | $ | 786,006.35 | | | | | |
Repossessed Equipment not Sold or Reassigned (End) | | $ | 450,378.35 | | | | | |
| | | | | | | |
Collections and Reinvestment Income | | | | | | | |
Receipts During the period | | $ | 14,398,610.75 | | | | | |
| | | | | | | |
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 | | $ | 14,398,610.75 | | | | | |
| | | | | | | |
Reinvestment Income (excluding Pre-funding Account) | | $ | 39,608.38 | | | | | |
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 | | $ | 14,438,219.13 | | | | | |
| | | | | | | |
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 | | | | | | | | 7/15/2004 | | | |
| | | | | | | | | | | |
Calculation of Distributable Amounts | | | | | | | | | | | |
| | | | | | | | | | | |
Current Servicing Fee Due | | | | | | 1.000 | % | $ | 261,928.66 | | | |
Past Due Servicing Fee | | | | | | | | $ | 0.00 | | | |
Total Servicing Fee Due | | | | | | | | $ | 261,928.66 | | | |
| | | | | | | | | | | |
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) | | | | | | | | $ | 314,314,389.46 | | | |
A-1 notes Beginning Principal balance | | | | | | | | $ | 0.00 | | | |
A-2 notes Beginning Principal balance | | | | | | | | $ | 0.00 | | | |
A-3 notes Beginning Principal balance | | | | | | | | $ | 111,044,740.12 | | | |
A-4 notes Beginning Principal balance | | | | | | | | $ | 183,625,000.00 | | | |
B notes Beginning Principal balance | | | | | | | | $ | 9,429,431.68 | | | |
C notes Beginning Principal balance | | | | | | | | $ | 10,215,217.66 | | | |
| | | | | | | | | | | |
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 | | | | | | | | 1.23875 | % | | |
Spread for Note | | | | | | | | 0.25000 | % | | |
Floating Rate Yield | | | | | | | | 1.48875 | % | ACT/360 | |
| | | | | | | | | | | |
Class A-3 Current Interest Due | | | | | | | | $ | 137,764.88 | | | |
| | | | | | | | | | | |
Class A-3 Swap float Rate receipt due | | | | | | | | $ | 114,630.56 | | | |
Class A-3 Swap fixed Rate payment due | | 4.2130 | % | 30/360 | | | | $ | 389,859.58 | | | |
| | | | | | | | | | | |
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 | | | | | | | | 275,229.02 | | | |
| | | | | | | | | | | |
Class A-4 Current Interest Due | | | | | | | | | | | |
1 Month LIBOR Rate | | | | | | | | 1.23875 | % | | |
Spread for Note | | | | | | | | 0.30000 | % | | |
Floating Rate Yield | | | | | | | | 1.53875 | % | ACT/360 | |
| | | | | | | | | | | |
Class A-4 Current Interest Due | | | | | | | | $ | 235,460.81 | | | |
| | | | | | | | | | | |
Class A-4 Swap float Rate receipt due | | | | | | | | $ | 189,554.56 | | | |
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 | | | | | | | | 574,784.50 | | | |
| | | | | | | | | | | |
Class B Current Interest Due | | | | | | | | | | | |
1 Month LIBOR Rate | | | | | | | | 1.23875 | % | | |
Spread for Note | | | | | | | | 0.97000 | % | | |
Floating Rate Yield | | | | | | | | 2.20875 | % | ACT/360 | |
| | | | | | | | | | | |
Class B Current Interest Due | | | | | | | | $ | 17,356.05 | | | |
| | | | | | | | | | | |
Class B Swap float Rate receipt due | | | | | | | | $ | 9,733.92 | | | |
Class B Swap fixed Rate payment due | | 4.3230 | % | 30/360 | | | | $ | 33,969.53 | | | |
| | | | | | | | | | | |
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 | | | | | | | | 24,235.61 | | | |
| | | | | | | | | | | |
Class C Current Interest Due | | | | | | | | | | | |
1 Month LIBOR Rate | | | | | | | | 1.23875 | % | | |
Spread for Note | | | | | | | | 1.90000 | % | | |
Floating Rate Yield | | | | | | | | 3.13875 | % | ACT/360 | |
| | | | | | | | | | | |
Class C Current Interest Due | | | | | | | | $ | 26,719.18 | | | |
| | | | | | | | | | | |
Class C Swap float Rate receipt due | | | | | | | | $ | 10,545.08 | | | |
Class C Swap fixed Rate payment due | | 4.4675 | % | 30/360 | | | | $ | 38,030.40 | | | |
| | | | | | | | | | | |
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 | | | | | | | | 27,485.32 | | | |
| | | | | | | | | | | |
Net Swap Payments Due | | | | | | | | 901,734.45 | | | |
| | | | | | | | | | | |
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 | | | |
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 | | | | | | | | $ | 137,764.88 | | | |
A-4 notes Total Interest Due | | | | | | | | $ | 235,460.81 | | | |
B notes Total Interest Due | | | | | | | | $ | 17,356.05 | | | |
C notes Total Interest Due | | | | | | | | $ | 26,719.18 | | | |
| | | | | | | | | | | | |
Class A Noteholders’ Monthly Principal Distributable Amount | | | | | | | | $ | 11,713,686.67 | | | |
Class B Noteholders’ Monthly Principal Distributable Amount | | | | | | | | $ | 374,837.97 | | | |
Class C Noteholders’ Monthly Principal Distributable Amount | | | | | | | | $ | 215,217.66 | | | |
Reallocated Class C Principal Amount | | | | | | | | $ | 190,856.81 | | | |
| | | | | | | | | | | | |
A-1 notes Principal Due | | | | | | | | $ | 0.00 | | | |
A-2 notes Principal Due | | | | | | | | $ | 0.00 | | | |
A-3 notes Principal Due | | | | | | | | $ | 11,904,543.48 | | | |
A-4 notes Principal Due | | | | | | | | $ | 0.00 | | | |
Class B notes Principal Due | | | | | | | | $ | 374,837.97 | | | |
Class C notes Principal Due | | | | | | | | $ | 215,217.66 | | | |
| | | | | | | | | | | | |
Total notes Interest Due | | | | | | | | $ | 417,300.92 | | | |
Total notes Principal Due | | | | | | | �� | $ | 12,494,599.11 | | | |
Net Swap/Termination Payment Due | | | | | | | | $ | 901,734.45 | | | |
Total notes Distributable Amount | | | | | | | | $ | 13,813,634.48 | | | |
| | | | | | | | | | | | | |
3
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 | | 7/15/2004 | | | |
| | | | | |
Cash Available for Distribution | | | | | |
Total Collections + Reinvestment Income For The Period | | $ | 14,438,219.13 | | | |
| | | | | |
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 | | $ | 14,438,219.13 | | | |
| | | | Available Cash | |
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 | | | |
| | | | $ | 14,438,219.13 | |
Administration Fee Paid | | $ | 166.67 | | | |
Administration Fee Shortfall | | $ | 0.00 | | | |
| | | | $ | 14,438,052.46 | |
Net Swap Payment Paid | | $ | 901,734.45 | | | |
Net Swap Payment Shortfall | | $ | 0.00 | | | |
| | | | | |
Remaining Cash Available to Pay Class A Interest & Swap Termination Payment | | | | $ | 13,536,318.01 | |
| | | | | |
Cash Available to Pay Class A Interest | | $ | 13,536,318.01 | | | |
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 | | $ | 137,764.88 | | | |
Class A-4 notes Interest Paid | | $ | 235,460.81 | | | |
| | | | | |
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 | | $ | 13,163,092.32 | | | |
| | | | | |
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 | | | | $ | 13,163,092.32 | |
| | | | | |
Cash Available to Pay Class B Interest | | $ | 13,163,092.32 | | | |
Cash Available to Pay Class B Termination Payment | | $ | 0.00 | | | |
| | | | | |
Class B notes Interest Paid | | $ | 17,356.05 | | | |
Class B notes Interest Shortfall | | $ | 0.00 | | | |
| | | | | |
Cash Available to Pay Class B Termination Payment | | $ | 13,145,736.27 | | | |
| | | | | |
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 | | | | $ | 13,145,736.27 | |
| | | | | |
Cash Available to Pay Class C Interest | | $ | 13,145,736.27 | | | |
Cash Available to Pay Class C Termination Payment | | $ | 0.00 | | | |
| | | | | |
Class C notes Interest Paid | | $ | 26,719.18 | | | |
Class C notes Interest Shortfall | | $ | 0.00 | | | |
| | | | | |
Cash Available to Pay Class C Termination Payment | | $ | 13,119,017.09 | | | |
| | | | | |
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 | | | |
| | | | | |
| | | | $ | 13,119,017.09 | |
| | | | | |
Class A-1 notes Principal Paid | | $ | 0.00 | | | |
Class A-2 notes Principal Paid | | $ | 0.00 | | | |
Class A-3 notes Principal Paid | | $ | 11,904,543.48 | | | |
Class A-4 notes Principal Paid | | $ | 0.00 | | | |
Class B notes Principal Paid | | $ | 374,837.97 | | | |
Class C notes Principal Paid | | $ | 215,217.66 | | | |
| | | | $ | 624,417.98 | |
Deposits to Spread Account | | $ | 0.00 | | | |
| | | | $ | 624,417.98 | |
Total Principal Balance of Notes and Certificates (End of Period) | | $ | 301,819,790.35 | | | |
A-1 notes Ending Principal balance | | $ | 0.00 | | | |
A-2 notes Ending Principal balance | | $ | 0.00 | | | |
A-3 notes Ending Principal balance | | $ | 99,140,196.64 | | | |
A-4 notes Ending Principal balance | | $ | 183,625,000.00 | | | |
B notes Ending Principal balance | | $ | 9,054,593.71 | | | |
C notes Ending Principal balance | | $ | 10,000,000.00 | | | |
| | | | | |
Servicing Fee Paid (If CNH is the servicer) | | $ | 261,928.66 | | | |
Servicing Fee Shortfall | | $ | 0.00 | | | |
Release to Seller as Excess | | $ | 362,489.32 | | $ | 362,489.32 | |
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 | | | | | | | | 7/15/2004 | | | | | |
| | | | | | | | Amount | | Factor | | Per/$1000 | |
Summary and Factors | | | | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (Beginning of Period) | | | | | | | | $ | 314,314,389.46 | | 0.3143144 | | $ | 314.31 | |
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 | | | | | | | | $ | 111,044,740.12 | | 0.3119068 | | $ | 311.91 | |
A-4 notes Beginning Principal balance | | | | | | | | $ | 183,625,000.00 | | 1.0000000 | | $ | 1,000.00 | |
B notes Beginning Principal balance | | | | | | | | $ | 9,429,431.68 | | 0.3143144 | | $ | 314.31 | |
C notes Beginning Principal balance | | | | | | | | $ | 10,215,217.66 | | 0.3143144 | | $ | 314.31 | |
| | | | | | | | | | | | | |
Total Principal Balance of Notes and Certificates (End of Period) | | | | | | | | $ | 301,819,790.35 | | 0.3018198 | | $ | 301.82 | |
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 | | | | $ | 99,140,196.64 | | 0.2784688 | | $ | 278.47 | |
A-4 notes Ending Principal balance | | 5.2950 | % | $ | 183,625,000.00 | | 93.75 | % | $ | 183,625,000.00 | | 1.0000000 | | $ | 1,000.00 | |
B notes Ending Principal balance | | 5.2930 | % | $ | 30,000,000.00 | | 3.00 | % | $ | 9,054,593.71 | | 0.3018198 | | $ | 301.82 | |
C notes Ending Principal balance | | 6.3675 | % | $ | 32,500,000.00 | | 3.25 | % | $ | 10,000,000.00 | | 0.3076923 | | $ | 307.69 | |
| | | | | | | | | | | | | |
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 | | | | | | | | $ | 137,764.88 | | 0.0003870 | | $ | 0.39 | |
Class A-4 notes Interest Paid | | | | | | | | $ | 235,460.81 | | 0.0012823 | | $ | 1.28 | |
Class B notes Interest Paid | | | | | | | | $ | 17,356.05 | | 0.0005785 | | $ | 0.58 | |
Class C notes Interest Paid | | | | | | | | $ | 26,719.18 | | 0.0008221 | | $ | 0.82 | |
| | | | | | | | | | | | | |
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 | | | | | | | | $ | 11,904,543.48 | | 0.0334379 | | $ | 33.44 | |
Class A-4 notes Principal Paid | | | | | | | | $ | 0.00 | | 0.0000000 | | $ | 0.00 | |
Class B notes Principal Paid | | | | | | | | $ | 374,837.97 | | 0.0124946 | | $ | 12.49 | |
Class C notes Principal Paid | | | | | | | | $ | 215,217.66 | | 0.0066221 | | $ | 6.62 | |
| | | | | | | | | | | | | |
Negative Carry Account | | | | | | | | | | | | | |
Negative Carry | | | | 3/27/2002 | | | | 2.512 | % | | | | |
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 | | | | | | | | $ | 624,584.65 | | | | | |
5