Exhibit 20.1
CNH Equipment Trust 2002-B
$270,000,000 Class A-1 1.40625% Asset Backed Notes due December 9, 2003
$270,000,000 Class A-2 1.860% Asset Backed Notes due June 15, 2005
$305,000,000 Class A-3 Floating-Rate Asset Backed Notes due December 15, 2006
$186,250,000 Class A-4 Floating-Rate Asset Backed Notes due April 15, 2008
$35,750,000 Class B 4.120% Asset Backed Notes due May 17, 2010
$33,000,000 4.120% 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 |
|
|
| 7 |
| 7 |
| 7 |
|
Cutoff Date |
| 5/31/2004 |
| ||||
Date Added |
| 10/31/2002 |
| 11/30/2002 |
| 12/31/2002 |
|
Pool |
| Pool 1 |
| Pool 2 |
| Pool 3 |
|
Scheduled Cashflows |
| 7,059,557.23 |
| 742,570.20 |
| 462,592.68 |
|
|
| 16,510,553.76 |
| 1,908,021.06 |
| 1,217,175.42 |
|
|
| 15,187,148.33 |
| 1,693,517.74 |
| 1,250,773.94 |
|
|
| 13,790,347.19 |
| 1,740,657.23 |
| 1,275,881.31 |
|
|
| 15,605,981.20 |
| 1,887,375.78 |
| 1,365,804.96 |
|
|
| 13,620,980.66 |
| 4,219,408.75 |
| 1,257,372.06 |
|
|
| 10,138,519.98 |
| 7,915,464.18 |
| 3,597,090.40 |
|
|
| 10,782,768.77 |
| 2,041,424.21 |
| 5,626,378.62 |
|
|
| 9,322,268.14 |
| 1,928,091.64 |
| 1,343,021.35 |
|
|
| 8,514,110.20 |
| 1,578,905.24 |
| 997,173.51 |
|
|
| 8,793,699.74 |
| 1,921,393.79 |
| 1,023,430.51 |
|
|
| 14,206,840.36 |
| 2,100,153.33 |
| 986,137.09 |
|
|
| 18,069,960.94 |
| 1,756,410.60 |
| 1,092,394.34 |
|
|
| 15,765,084.12 |
| 1,808,819.24 |
| 1,128,336.89 |
|
|
| 12,680,767.53 |
| 1,394,356.14 |
| 1,026,232.14 |
|
|
| 10,788,201.96 |
| 1,469,778.66 |
| 1,016,328.92 |
|
|
| 12,201,781.82 |
| 1,589,492.43 |
| 1,086,633.57 |
|
|
| 10,240,529.14 |
| 4,042,458.16 |
| 1,012,301.00 |
|
|
| 6,611,483.40 |
| 7,643,986.40 |
| 3,225,465.33 |
|
|
| 7,025,965.33 |
| 1,565,775.67 |
| 5,229,485.55 |
|
|
| 6,004,878.07 |
| 1,455,109.25 |
| 1,009,259.24 |
|
|
| 5,294,902.06 |
| 1,122,906.68 |
| 679,275.30 |
|
|
| 5,732,262.74 |
| 1,493,988.27 |
| 686,189.08 |
|
|
| 9,471,716.77 |
| 1,593,741.83 |
| 647,315.80 |
|
|
| 12,284,206.40 |
| 1,179,483.81 |
| 730,836.95 |
|
|
| 10,391,154.61 |
| 1,291,002.57 |
| 754,142.02 |
|
|
| 8,413,867.31 |
| 894,975.90 |
| 677,296.63 |
|
|
| 6,943,499.94 |
| 954,767.46 |
| 674,425.84 |
|
|
| 8,236,016.07 |
| 1,161,954.73 |
| 725,844.86 |
|
|
| 6,599,488.54 |
| 2,463,138.56 |
| 626,797.56 |
|
|
| 4,367,914.52 |
| 4,451,957.93 |
| 2,107,398.47 |
|
|
| 5,158,270.73 |
| 1,127,070.06 |
| 3,777,889.35 |
|
|
| 3,905,442.88 |
| 1,011,906.45 |
| 683,119.11 |
|
|
| 3,410,443.84 |
| 878,762.70 |
| 456,694.75 |
|
|
| 3,555,753.22 |
| 1,185,396.80 |
| 456,017.38 |
|
|
| 6,028,485.08 |
| 1,185,394.61 |
| 427,012.84 |
|
|
| 8,343,315.35 |
| 852,705.43 |
| 484,079.22 |
|
|
| 6,470,934.04 |
| 802,412.11 |
| 494,198.94 |
|
|
| 4,944,900.14 |
| 585,070.36 |
| 451,768.17 |
|
|
| 3,589,511.30 |
| 554,484.71 |
| 436,740.68 |
|
|
| 4,256,113.88 |
| 762,971.40 |
| 459,016.10 |
|
|
| 2,680,984.22 |
| 1,867,401.90 |
| 397,934.97 |
|
|
| 581,715.68 |
| 3,400,672.71 |
| 1,730,149.58 |
|
|
| 462,492.79 |
| 181,586.58 |
| 3,058,236.27 |
|
|
| 610,112.87 |
| 231,921.73 |
| 200,695.68 |
|
|
| 245,661.34 |
| 133,752.04 |
| 27,640.22 |
|
|
| 253,257.91 |
| 300,336.76 |
| 30,717.57 |
|
|
| 289,069.48 |
| 360,941.37 |
| 19,274.29 |
|
|
| 395,859.70 |
| 140,125.07 |
| 19,274.29 |
|
|
| 408,260.22 |
| 247,433.63 |
| 24,953.84 |
|
|
| 199,733.25 |
| 67,029.52 |
| 19,274.29 |
|
|
| 288,947.06 |
| 31,293.60 |
| 18,715.52 |
|
|
| 145,900.87 |
| 58,899.08 |
| 17,877.92 |
|
|
| 106,182.69 |
| 71,873.76 |
| 17,803.64 |
|
|
| 1,559.65 |
| 4,695.89 |
| 80,828.26 |
|
|
| 97,498.58 |
| 0.00 |
| 161,215.08 |
|
|
| 121.23 |
| 0.00 |
| 732.22 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 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 |
| 377,086,984.83 |
| 85,055,225.71 |
| 58,490,651.52 |
|
Discount Rate |
| 5.500 | % | 5.500 | % | 5.500 | % |
Beginning Contract Value |
| 370,609,961.98 |
| 80,581,591.28 |
| 55,364,961.98 |
|
Scheduled Contract Value Decline |
| 21,416,961.32 |
| 2,009,776.80 |
| 1,430,982.35 |
|
Unscheduled Contract Value Decline |
| (692,025.61 | ) | 434,757.24 |
| 313,662.52 |
|
Additional Contract Value Added |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
| 349,885,026.28 |
| 78,137,057.23 |
| 53,620,317.11 |
|
1
CNH Equipment Trust 2002-B
$270,000,000 Class A-1 1.40625% Asset Backed Notes due December 9, 2003
$270,000,000 Class A-2 1.860% Asset Backed Notes due June 15, 2005
$305,000,000 Class A-3 Floating-Rate Asset Backed Notes due December 15, 2006
$186,250,000 Class A-4 Floating-Rate Asset Backed Notes due April 15, 2008
$35,750,000 Class B 4.120% Asset Backed Notes due May 17, 2010
$33,000,000 4.120% Asset Backed Certificates
Dated Date (30/360) |
| 5/15/2004 |
|
|
| |
Dated Date (act/360) |
| 5/17/2004 |
|
|
| |
Scheduled Payment Date |
| 6/15/2004 |
|
|
| |
Actual Payment Date |
| 6/15/2004 |
|
|
| |
Days in accrual period (30/360) |
| 30 |
|
|
| |
Days in accrual period (act/360) |
| 29 |
|
|
| |
1 month LIBOR Rate |
| 1.1000 | % |
|
| |
|
|
|
|
|
| |
Collateral Summary |
|
|
|
|
| |
Wtd. Average Discount Rate |
| 5.500 | % |
|
| |
Beginning Contract Value |
| 506,556,515.24 |
|
|
| |
Scheduled Contract Value Decline |
| 24,857,720.47 |
|
|
| |
Unscheduled Contract Value Decline |
| 56,394.15 |
|
|
| |
Additional Contract Value Purchased |
| 0.00 |
|
|
| |
Ending Contract Value |
| 481,642,400.62 |
|
|
| |
|
|
|
|
|
| |
Beginning Pre-funding Account Balance |
| 0.00 |
|
|
| |
Ending Pre-funding Account Balance |
| 0.00 |
|
|
| |
|
|
|
|
|
| |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) |
| 506,556,515.24 |
|
|
| |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) |
| 481,642,400.62 |
|
|
| |
|
|
|
|
|
| |
Collateral Performance |
|
|
|
|
| |
Scheduled Amounts 30 - 59 days past due |
| $ | 940,398.83 |
| 0.20 | % |
Scheduled Amounts 60 days or more past due |
| $ | 1,065,410.88 |
| 0.22 | % |
Net Losses on Liquidated Receivables |
| $ | 65,231.84 |
| 0.01 | % |
Cumulative Net Losses |
| $ | 2,880,871.62 |
|
|
|
Number of Loans at Beginning of Period |
| 33,127 |
|
|
| |
Number of Loans at End of Period |
| 32,355 |
|
|
| |
Repossessed Equipment not Sold or Reassigned (Beginning) |
| $ | 551,288.05 |
|
|
|
Repossessed Equipment not Sold or Reassigned (End) |
| $ | 511,150.98 |
|
|
|
|
|
|
|
|
| |
Collections and Reinvestment Income |
|
|
|
|
| |
Receipts During the period |
| $ | 27,132,285.06 |
|
|
|
|
|
|
|
|
| |
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 |
| $ | 27,132,285.06 |
|
|
|
|
|
|
|
|
| |
Reinvestment Income (excluding Pre-funding Account) |
| $ | 38,380.08 |
|
|
|
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 |
| $ | 27,170,665.14 |
|
|
|
|
|
|
|
|
| |
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-B
$270,000,000 Class A-1 1.40625% Asset Backed Notes due December 9, 2003
$270,000,000 Class A-2 1.860% Asset Backed Notes due June 15, 2005
$305,000,000 Class A-3 Floating-Rate Asset Backed Notes due December 15, 2006
$186,250,000 Class A-4 Floating-Rate Asset Backed Notes due April 15, 2008
$35,750,000 Class B 4.120% Asset Backed Notes due May 17, 2010
$33,000,000 4.120% Asset Backed Certificates
Actual Payment Date |
|
|
| 6/15/2004 |
| ||||||
|
|
|
|
|
| ||||||
Caclulation of Distributable Amounts |
|
|
|
|
| ||||||
|
|
|
|
|
| ||||||
Current Servicing Fee Due |
| 1.000 | % | $ | 422,130.43 |
| |||||
Past Due Servicing Fee |
|
|
| $ | 11,246,212.34 |
| |||||
Total Servicing Fee Due |
|
|
| $ | 11,668,342.77 |
| |||||
|
|
|
|
|
| ||||||
Current Administration Fee Due |
| $ | 500.00 |
| $ | 166.67 |
| ||||
Past Due Administration Fee |
|
|
| $ | 0.00 |
| |||||
Total Administration Fee Due |
|
|
| $ | 166.67 |
| |||||
|
|
|
|
|
| ||||||
Total Principal Balance of Notes and Certificates (Beginning of Period) |
|
|
| $ | 1,519,323,550.85 |
| |||||
A-1 notes Beginning Principal balance |
|
|
| $ | 0.00 |
| |||||
A-2 notes Beginning Principal balance |
|
|
| $ | 0.00 |
| |||||
A-3 notes Beginning Principal balance |
|
|
| $ | 255,172,008.61 |
| |||||
A-4 notes Beginning Principal balance |
|
|
| $ | 186,250,000.00 |
| |||||
B notes Beginning Principal balance |
|
|
| $ | 1,044,901,542.24 |
| |||||
Certificate Beginning Principal balance |
|
|
| $ | 33,000,000.00 |
| |||||
|
|
|
|
|
|
| |||||
|
| Type |
| Coupon/ |
| Swap Adj. |
|
|
| ||
A-1 notes Current Interest Due |
| Fix |
| 1.40625 | % | 1.40625 | % | $ | 0.00 |
| |
A-2 notes Current Interest Due |
| Fix |
| 1.86000 | % | 1.86000 | % | $ | 0.00 |
| |
A-3 notes Current Interest Due |
| Flt |
| 0.21000 | % | 2.43050 | % | $ | 269,277.35 |
| |
A-4 notes Current Interest Due |
| Flt |
| 0.36000 | % | 3.16700 | % | $ | 219,050.69 |
| |
B notes Current Interest Due |
| Fix |
| 4.12000 | % | 4.12000 | % | $ | 3,467,912.12 |
| |
Certificate Current Interest Due |
| Fix |
| 4.12000 | % | 4.12000 | % | $ | 109,523.33 |
| |
|
|
|
|
|
|
|
|
|
|
| |
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 |
| |||||
Certificate Past Due Interest |
|
|
| $ | 2,011,837.84 |
| |||||
|
|
|
|
|
| ||||||
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 |
| |||||
Certificate Interest Due on Past Due Interest |
|
|
| $ | 6,677.07 |
| |||||
|
|
|
|
|
| ||||||
A-1 notes Total Interest Due |
|
|
| $ | 0.00 |
| |||||
A-2 notes Total Interest Due |
|
|
| $ | 0.00 |
| |||||
A-3 notes Total Interest Due |
|
|
| $ | 269,277.35 |
| |||||
A-4 notes Total Interest Due |
|
|
| $ | 219,050.69 |
| |||||
B notes Total Interest Due |
|
|
| $ | 3,467,912.12 |
| |||||
Certificate Total Interest Due |
|
|
| $ | 2,128,038.24 |
| |||||
|
|
|
|
|
|
| |||||
|
| 1 Month LIBOR |
|
|
| ||||||
A-1 Net Swap Payment Due |
| 0.00000 | % | $ | 0.00 |
| |||||
A-2 Net Swap Payment Due |
| 0.00000 | % | $ | 0.00 |
| |||||
A-3 Net Swap Payment Due |
| 2.22050 | % | $ | 246,063.79 |
| |||||
A-4 Net Swap Payment Due |
| 2.80700 | % | $ | 270,631.60 |
| |||||
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-3 Net Swap Payment Past Due |
|
|
| $ | 0.00 |
| |||||
A-4 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-3 Interest on Swap Payment Past Due |
|
|
| $ | 0.00 |
| |||||
A-4 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-3 Total Net Swap Payment Due |
|
|
| $ | 246,063.79 |
| |||||
A-4 Total Net Swap Payment Due |
|
|
| $ | 270,631.60 |
| |||||
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-3 Net Swap Receipt |
|
|
| $ | 0.00 |
| |||||
A-4 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 |
|
|
| $ | 0.00 |
| |||||
A-3 notes Principal Due |
|
|
| $ | 255,172,008.61 |
| |||||
A-4 notes Principal Due |
|
|
| $ | 186,250,000.00 |
| |||||
Class B notes Principal Due |
|
|
| $ | 596,259,141.62 |
| |||||
Certificate Principal Due |
|
|
| $ | 0.00 |
| |||||
|
|
|
|
|
| ||||||
Total notes Interest Due |
|
|
| $ | 3,956,240.16 |
| |||||
Total notes Principal Due |
|
|
| $ | 1,037,681,150.23 |
| |||||
Net Swap/Termination Payment Due |
|
|
| $ | 516,695.38 |
| |||||
Total notes Distributable Amount |
|
|
| $ | 1,042,154,085.78 |
| |||||
3
CNH Equipment Trust 2002-B
$270,000,000 Class A-1 1.40625% Asset Backed Notes due December 9, 2003
$270,000,000 Class A-2 1.860% Asset Backed Notes due June 15, 2005
$305,000,000 Class A-3 Floating-Rate Asset Backed Notes due December 15, 2006
$186,250,000 Class A-4 Floating-Rate Asset Backed Notes due April 15, 2008
$35,750,000 Class B 4.120% Asset Backed Notes due May 17, 2010
$33,000,000 4.120% Asset Backed Certificates
Actual Payment Date |
| 6/15/2004 |
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Cash Available for Distribution |
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Total Collections + Reinvestment Income For The Period |
| $ | 27,170,665.14 |
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Beginning Negitive Carry Account |
| $ | 0.00 |
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Deposits from Negitive Carry Account to Distribution Account |
| $ | 0.00 |
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| |
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Beginning Spread Account Balance |
| $ | 0.00 |
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| |
Additional Deposit to Spread Account from Pre-funding |
| $ | 0.00 |
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| |
Deposits from Spread Account to Distribution Account |
| $ | 0.00 |
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| |
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Beginning Principal Supplement Account |
| $ | 0.00 |
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Deposits from Principal Supplement Account to Distribution Account |
| $ | 0.00 |
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| |
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Total Cash Available |
| $ | 27,170,665.14 |
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| Available |
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Cash Allocation (Cashflow Waterfall) |
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Is CNH the servicier |
| yes |
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Servicing Fee Paid (If CNH is not the servicer) |
| $ | 0.00 |
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| |
Servicing Fee Shortfall |
| $ | 0.00 |
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| |
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|
| $ | 27,170,665.14 |
| |
Administration Fee Paid |
| $ | 166.67 |
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| |
Administration Fee Shortfall |
| $ | 0.00 |
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| |
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|
| $ | 27,170,498.47 |
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Net Swap Payment Paid |
| $ | 516,695.38 |
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| |
Net Swap Payment Shortfall |
| $ | 0.00 |
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| |
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Remaining Cash Available to Pay Note Interest & Swap Termination Payment |
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|
| $ | 26,653,803.09 |
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Cash Available to Pay Note Interest |
| $ | 26,653,803.09 |
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Cash Available to Pay Termination Payment |
| $ | 0.00 |
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| |
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Class A-1 notes Interest Paid |
| $ | 0.00 |
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| |
Class A-2 notes Interest Paid |
| $ | 0.00 |
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| |
Class A-3 notes Interest Paid |
| $ | 269,277.35 |
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| |
Class A-4 notes Interest Paid |
| $ | 219,050.69 |
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| |
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|
| $ | 26,165,475.04 |
| |
Class A-1 notes Interest Shortfall |
| $ | 0.00 |
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| |
Class A-2 notes Interest Shortfall |
| $ | 0.00 |
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| |
Class A-3 notes Interest Shortfall |
| $ | 0.00 |
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| |
Class A-4 notes Interest Shortfall |
| $ | 0.00 |
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| |
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Swap Termination Payment Paid |
| $ | 0.00 |
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| |
Swap Termination Payment Shortfall |
| $ | 0.00 |
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| |
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|
| $ | 26,165,475.04 |
| |
Class B notes Interest Paid |
| $ | 3,467,912.12 |
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| |
Class B notes Interest Shortfall |
| $ | 0.00 |
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| |
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|
| $ | 22,697,562.92 |
| |
Class A-1 notes Principal Paid |
| $ | 0.00 |
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Class A-2 notes Principal Paid |
| $ | 0.00 |
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| |
Class A-3 notes Principal Paid |
| $ | 22,697,562.92 |
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| |
Class A-4 notes Principal Paid |
| $ | 0.00 |
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| |
Class B notes Principal Paid |
| $ | 0.00 |
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| |
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|
| $ | 0.00 |
| |
Deposits to Spread Account |
| $ | 0.00 |
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| |
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|
| $ | 0.00 |
| |
Certificate Interest Paid |
| $ | 0.00 |
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| |
Certificate Interest Shortfall |
| $ | 2,128,038.24 |
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| |
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|
| $ | 0.00 |
| |
Certificate Principal Paid |
| $ | 0.00 |
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| |
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|
| $ | 0.00 |
| |
Total Principal Balance of Notes and Certificates (End of Period) |
| $ | 1,496,625,987.93 |
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| |
A-1 notes Ending Principal balance |
| $ | 0.00 |
|
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| |
A-2 notes Ending Principal balance |
| $ | 0.00 |
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| |
A-3 notes Ending Principal balance |
| $ | 232,474,445.69 |
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| |
A-4 notes Ending Principal balance |
| $ | 186,250,000.00 |
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B notes Ending Principal balance |
| $ | 1,044,901,542.24 |
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Certificate Ending Principal balance |
| $ | 33,000,000.00 |
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| |
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Servicing Fee Paid (If CNH is the servicer) |
| $ | 0.00 |
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| |
Servicing Fee Shortfall |
| $ | 11,668,342.77 |
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| |
Release to Seller as Excess |
| $ | 0.00 |
| $ | 0.00 |
|
4
CNH Equipment Trust 2002-B
$270,000,000 Class A-1 1.40625% Asset Backed Notes due December 9, 2003
$270,000,000 Class A-2 1.860% Asset Backed Notes due June 15, 2005
$305,000,000 Class A-3 Floating-Rate Asset Backed Notes due December 15, 2006
$186,250,000 Class A-4 Floating-Rate Asset Backed Notes due April 15, 2008
$35,750,000 Class B 4.120% Asset Backed Notes due May 17, 2010
$33,000,000 4.120% Asset Backed Certificates
Actual Payment Date |
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| 6/15/2004 |
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| Amount |
| Factor |
| Per/$1000 |
| |||
Summary and Factors |
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Total Principal Balance of Notes and Certificates (Beginning of Period) |
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|
| $ | 1,519,323,550.85 |
| 1.3812032 |
| $ | 1,381.20 |
| |
A-1 notes Beginning Principal balance |
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|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
A-2 notes Beginning Principal balance |
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|
| $ | (0.00 | ) | (0.0000000 | ) | $ | (0.00 | ) | |
A-3 notes Beginning Principal balance |
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|
| $ | 255,172,008.61 |
| 0.8366295 |
| $ | 836.63 |
| |
A-4 notes Beginning Principal balance |
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|
| $ | 186,250,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
B notes Beginning Principal balance |
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|
| $ | 1,044,901,542.24 |
| 29.2280152 |
| $ | 29,228.02 |
| |
Certificate Beginning Principal balance |
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|
| $ | 33,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
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Total Principal Balance of Notes and Certificates (End of Period) |
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|
| $ | 1,496,625,987.93 |
| 1.3605691 |
| $ | 1,360.57 |
| |
A-1 notes Ending Principal balance |
|
|
| $ | 270,000,000.00 |
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
|
A-2 notes Ending Principal balance |
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|
| $ | 270,000,000.00 |
| $ | (0.00 | ) | (0.0000000 | ) | $ | (0.00 | ) |
A-3 notes Ending Principal balance |
|
|
| $ | 305,000,000.00 |
| $ | 232,474,445.69 |
| 0.7622113 |
| $ | 762.21 |
|
A-4 notes Ending Principal balance |
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|
| $ | 186,250,000.00 |
| $ | 186,250,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
B notes Ending Principal balance |
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|
| $ | 35,750,000.00 |
| $ | 1,044,901,542.24 |
| 29.2280152 |
| $ | 29,228.02 |
|
Certificate Ending Principal balance |
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|
| $ | 33,000,000.00 |
| $ | 33,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
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Class A-1 notes Interest Paid |
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|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-2 notes Interest Paid |
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|
| $ | (0.00 | ) | (0.0000000 | ) | $ | (0.00 | ) | |
Class A-3 notes Interest Paid |
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|
| $ | 269,277.35 |
| 0.0008829 |
| $ | 0.88 |
| |
Class A-4 notes Interest Paid |
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|
| $ | 219,050.69 |
| 0.0011761 |
| $ | 1.18 |
| |
Class B notes Interest Paid |
|
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|
| $ | 3,467,912.12 |
| 0.0970045 |
| $ | 97.00 |
| |
Certificate Interest Paid |
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| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
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Class A-1 notes Interest Shortfall |
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|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
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Class A21 notes Interest Shortfall |
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|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
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Class A-3 notes Interest Shortfall |
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|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
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Class A-4 notes Interest Shortfall |
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|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class B notes Interest Shortfall |
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|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Certificate Interest Shortfall |
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|
| $ | 2,128,038.24 |
| 0.0644860 |
| $ | 64.49 |
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Class A-1 notes Principal Paid |
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|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-2 notes Principal Paid |
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| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
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Class A-3 notes Principal Paid |
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|
| $ | 22,697,562.92 |
| 0.0744182 |
| $ | 74.42 |
| |
Class A-4 notes Principal Paid |
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|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class B notes Principal Paid |
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|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Certificate Principal Paid |
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| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
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Negitive Carry Account |
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Negitive Carry |
| 1.25000 | % | 11/19/2002 |
| 2.4253 | % |
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Negitive Carry Days Remaining |
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| 5/15/2003 |
| 0 |
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Required Negitive Carry Account |
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| $ | 0.00 |
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Beginning Negitive Carry Account |
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| $ | 0.00 |
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Negitive Carry Account Withdrawls to Distribution Account |
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| $ | 0.00 |
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Negitive Carry Released to Seller |
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| $ | 0.00 |
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Ending Negitive Carry Account Balance |
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| $ | 0.00 |
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Spread Account |
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Required Spread Account Deposit (Add Loans) |
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| 2.00 | % | $ | 0.00 |
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Required Spread Account Target |
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| 2.50 | % | $ | 12,041,060.02 |
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Required Spread Account Floor |
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| 2.00 | % | $ | 22,000,004.35 |
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Required Spread Account |
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| $ | 22,000,004.35 |
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Beginning Spread Account Balance |
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| $ | 0.00 |
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Additional Deposit to Spread Account from Pre-funding |
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| $ | 0.00 |
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Spread Account Withdrawls to Distribution Account |
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|
| $ | 0.00 |
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Spread Account Deposits from Excess Cash |
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| $ | 0.00 |
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Spread Account Released to Seller |
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| $ | 0.00 |
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Ending Spread Account Balance |
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| $ | 0.00 |
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Principal Supplement Account |
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Required Principal Supplement Account Balance |
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| $ | 0.00 |
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Beginning Principal Supplement Account Balance |
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| $ | 0.00 |
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Additional Deposit to Principal Supplement Account from Pre-funding |
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|
| $ | 0.00 |
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Principal Supplement Account Withdrawls to Distribution Account |
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|
| $ | 0.00 |
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Principal Supplement Account Released to Seller |
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| $ | 0.00 |
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Ending Principal Supplement Account |
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| $ | 0.00 |
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Pre-funding Account |
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Beginning Pre-funding Account Balance |
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| $ | 0.00 |
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New Contract Value Purchased |
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|
| $ | 0.00 |
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| ||
Deposits to Spread Account |
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|
| $ | 0.00 |
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| ||
Deposits to Principal Supplement Account |
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|
| $ | 0.00 |
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Ending Pre-funding Account Balance |
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|
| $ | 0.00 |
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Release to seller |
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| $ | 0.00 |
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Total Release to Seller |
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|
| $ | 166.67 |
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5
