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 |
|
|
| 8 |
| 8 |
| 8 |
|
Cutoff Date |
| 6/30/2004 |
| ||||
Date Added |
| 10/31/2002 |
| 11/30/2002 |
| 12/31/2002 |
|
Pool |
| Pool 1 |
| Pool 2 |
| Pool 3 |
|
Scheduled Cashflows |
| 5,596,330.77 |
| 641,083.27 |
| 425,651.00 |
|
|
| 13,082,958.56 |
| 1,381,980.74 |
| 1,123,792.44 |
|
|
| 13,410,579.52 |
| 1,694,226.93 |
| 1,253,108.26 |
|
|
| 15,352,681.98 |
| 1,850,763.35 |
| 1,351,745.17 |
|
|
| 13,406,160.97 |
| 4,160,990.62 |
| 1,249,042.73 |
|
|
| 10,010,807.75 |
| 7,811,648.84 |
| 3,542,885.39 |
|
|
| 10,596,931.78 |
| 2,037,668.07 |
| 5,564,387.39 |
|
|
| 9,180,527.30 |
| 1,893,397.40 |
| 1,334,718.39 |
|
|
| 8,395,861.49 |
| 1,564,915.76 |
| 988,712.21 |
|
|
| 8,630,289.01 |
| 1,873,480.63 |
| 1,012,073.45 |
|
|
| 14,061,202.21 |
| 2,076,966.37 |
| 999,483.62 |
|
|
| 17,711,261.30 |
| 1,713,326.61 |
| 1,072,247.36 |
|
|
| 15,438,367.78 |
| 1,803,469.20 |
| 1,119,609.76 |
|
|
| 12,523,477.22 |
| 1,371,683.03 |
| 1,018,290.68 |
|
|
| 10,645,782.09 |
| 1,464,450.70 |
| 1,008,199.70 |
|
|
| 12,030,962.20 |
| 1,573,098.98 |
| 1,077,009.69 |
|
|
| 10,117,488.95 |
| 3,954,205.98 |
| 1,004,512.47 |
|
|
| 6,550,943.01 |
| 7,561,473.43 |
| 3,167,632.38 |
|
|
| 6,920,686.62 |
| 1,568,908.18 |
| 5,169,554.48 |
|
|
| 5,920,240.35 |
| 1,424,193.05 |
| 1,005,228.29 |
|
|
| 5,235,590.19 |
| 1,113,820.91 |
| 674,880.87 |
|
|
| 5,671,503.55 |
| 1,450,794.62 |
| 680,219.95 |
|
|
| 9,405,385.88 |
| 1,571,898.08 |
| 665,505.55 |
|
|
| 11,997,643.94 |
| 1,129,350.02 |
| 714,048.09 |
|
|
| 10,213,973.29 |
| 1,281,236.49 |
| 747,962.75 |
|
|
| 8,320,090.13 |
| 867,635.95 |
| 672,290.78 |
|
|
| 6,828,518.46 |
| 944,859.34 |
| 669,979.34 |
|
|
| 8,112,960.62 |
| 1,151,569.93 |
| 720,630.12 |
|
|
| 6,505,160.75 |
| 2,413,564.71 |
| 622,603.67 |
|
|
| 4,330,783.36 |
| 4,381,200.85 |
| 2,060,378.31 |
|
|
| 5,082,457.86 |
| 1,132,743.70 |
| 3,722,128.45 |
|
|
| 3,843,696.88 |
| 983,470.20 |
| 679,011.12 |
|
|
| 3,382,189.11 |
| 872,391.64 |
| 452,580.51 |
|
|
| 3,526,281.56 |
| 1,158,202.91 |
| 449,978.29 |
|
|
| 5,975,420.63 |
| 1,167,318.86 |
| 445,776.35 |
|
|
| 8,072,627.39 |
| 846,599.60 |
| 471,481.24 |
|
|
| 6,339,268.65 |
| 797,689.15 |
| 488,647.79 |
|
|
| 4,907,121.46 |
| 564,013.92 |
| 447,657.86 |
|
|
| 3,517,047.67 |
| 552,893.73 |
| 432,900.20 |
|
|
| 4,171,509.83 |
| 761,887.50 |
| 453,698.27 |
|
|
| 2,642,475.86 |
| 1,848,197.71 |
| 394,494.22 |
|
|
| 598,647.29 |
| 3,348,453.67 |
| 1,696,464.12 |
|
|
| 460,151.77 |
| 198,320.38 |
| 3,002,371.17 |
|
|
| 607,493.70 |
| 217,687.11 |
| 200,712.38 |
|
|
| 243,271.11 |
| 133,207.16 |
| 27,641.02 |
|
|
| 250,596.98 |
| 299,769.57 |
| 30,717.57 |
|
|
| 286,579.12 |
| 360,374.20 |
| 38,647.32 |
|
|
| 388,701.18 |
| 139,087.99 |
| 19,274.29 |
|
|
| 404,598.46 |
| 246,866.60 |
| 24,953.84 |
|
|
| 191,268.02 |
| 66,462.60 |
| 19,274.29 |
|
|
| 288,023.22 |
| 30,687.09 |
| 18,706.82 |
|
|
| 144,965.09 |
| 58,248.08 |
| 17,878.00 |
|
|
| 106,159.45 |
| 71,282.54 |
| 17,788.47 |
|
|
| 1,559.65 |
| 4,702.56 |
| 80,782.29 |
|
|
| 97,488.47 |
| 0.00 |
| 161,209.87 |
|
|
| 121.20 |
| 0.00 |
| 916.45 |
|
|
| 0.00 |
| 0.00 |
| 240.16 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 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 |
| 351,734,872.64 |
| 81,588,420.51 |
| 56,512,316.65 |
|
Discount Rate |
| 5.500 | % | 5.500 | % | 5.500 | % |
Beginning Contract Value |
| 349,885,026.28 |
| 78,137,057.23 |
| 53,620,317.11 |
|
Scheduled Contract Value Decline |
| 21,998,827.59 |
| 2,295,866.53 |
| 1,436,128.53 |
|
Unscheduled Contract Value Decline |
| 1,386,851.29 |
| 724,561.42 |
| 248,049.50 |
|
Additional Contract Value Added |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
| 326,499,347.39 |
| 75,116,629.28 |
| 51,936,139.08 |
|
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) |
| 6/15/2004 |
|
|
| |
Dated Date (act/360) |
| 6/15/2004 |
|
|
| |
Scheduled Payment Date |
| 7/15/2004 |
|
|
| |
Actual Payment Date |
| 7/15/2004 |
|
|
| |
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 |
| 5.500 | % |
|
| |
Beginning Contract Value |
| 481,642,400.62 |
|
|
| |
Scheduled Contract Value Decline |
| 25,730,822.65 |
|
|
| |
Unscheduled Contract Value Decline |
| 2,359,462.21 |
|
|
| |
Additional Contract Value Purchased |
| 0.00 |
|
|
| |
Ending Contract Value |
| 453,552,115.76 |
|
|
| |
|
|
|
|
|
| |
Beginning Pre-funding Account Balance |
| 0.00 |
|
|
| |
Ending Pre-funding Account Balance |
| 0.00 |
|
|
| |
|
|
|
|
|
| |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) |
| 481,642,400.62 |
|
|
| |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) |
| 453,552,115.76 |
|
|
| |
|
|
|
|
|
| |
Collateral Performance |
|
|
|
|
| |
Scheduled Amounts 30 - 59 days past due |
| $ | 964,510.11 |
| 0.21 | % |
Scheduled Amounts 60 days or more past due |
| $ | 1,151,079.59 |
| 0.25 | % |
Net Losses on Liquidated Receivables |
| $ | 41,123.64 |
| 0.01 | % |
Cumulative Net Losses |
| $ | 2,921,995.26 |
|
|
|
Number of Loans at Beginning of Period |
| 32,355 |
|
|
| |
Number of Loans at End of Period |
| 31,557 |
|
|
| |
Repossessed Equipment not Sold or Reassigned (Beginning) |
| $ | 511,150.98 |
|
|
|
Repossessed Equipment not Sold or Reassigned (End) |
| $ | 466,996.70 |
|
|
|
|
|
|
|
|
| |
Collections and Reinvestment Income |
|
|
|
|
| |
Receipts During the period |
| $ | 30,255,170.24 |
|
|
|
|
|
|
|
|
| |
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 |
| $ | 30,255,170.24 |
|
|
|
|
|
|
|
|
| |
Reinvestment Income (excluding Pre-funding Account) |
| $ | 37,859.71 |
|
|
|
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 |
| $ | 30,293,029.95 |
|
|
|
|
|
|
|
|
| |
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 |
|
|
|
|
|
|
|
|
| 7/15/2004 |
|
Caclulation of Distributable Amounts |
|
|
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| ||
Current Servicing Fee Due |
|
|
|
|
|
|
| 1.000 | % | $ | 401,368.67 |
| |
Past Due Servicing Fee |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
Total Servicing Fee Due |
|
|
|
|
|
|
|
|
| $ | 401,368.67 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
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) |
|
|
|
|
|
|
|
|
| $ | 481,642,400.62 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
A-2 notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
A-3 notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 246,739,022.60 |
| |
A-4 notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 186,250,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
|
|
|
|
| $ | 15,653,378.02 |
| |
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 | % | $ | 297,885.97 |
| |
A-4 notes Current Interest Due |
|
|
| Flt |
| 0.36000 | % | 3.16700 | % | $ | 248,139.32 |
| |
B notes Current Interest Due |
|
|
| Fix |
| 4.12000 | % | 4.12000 | % | $ | 53,743.26 |
| |
Certificate Current Interest Due |
|
|
| Fix |
| 4.12000 | % | 4.12000 | % | $ | 113,300.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
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 |
|
|
|
|
|
|
|
|
| $ | 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 |
| |
Certificate 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 |
|
|
|
|
|
|
|
|
| $ | 297,885.97 |
| |
A-4 notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 248,139.32 |
| |
B notes Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 53,743.26 |
| |
Certificate Total Interest Due |
|
|
|
|
|
|
|
|
| $ | 113,300.00 |
| |
|
|
|
|
|
|
|
| 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 | % | $ | 201,863.36 |
| |
A-4 Net Swap Payment Due |
|
|
|
|
|
|
| 2.80700 | % | $ | 243,405.47 |
| |
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 |
|
|
|
|
|
|
|
|
| $ | 201,863.36 |
| |
A-4 Total Net Swap Payment Due |
|
|
|
|
|
|
|
|
| $ | 243,405.47 |
| |
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 |
|
|
|
|
|
|
|
|
| $ | 27,177,350.60 |
| |
A-4 notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
Class B notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 912,934.26 |
| |
Certificate Principal Due |
|
|
|
|
|
|
|
|
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| ||
Total notes Interest Due |
|
|
|
|
|
|
|
|
| $ | 599,768.55 |
| |
Total notes Principal Due |
|
|
|
|
|
|
|
|
| $ | 28,090,284.86 |
| |
Net Swap/Termination Payment Due |
|
|
|
|
|
|
|
|
| $ | 445,268.83 |
| |
Total notes Distributable Amount |
|
|
|
|
|
|
|
|
| $ | 29,135,322.24 |
| |
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 |
| 7/15/2004 |
|
|
| ||
|
|
|
|
|
| ||
Cash Available for Distribution |
|
|
|
|
| ||
Total Collections + Reinvestment Income For The Period |
| $ | 30,293,029.95 |
|
|
| |
|
|
|
|
|
| ||
Beginning Negitive Carry Account |
| $ | 0.00 |
|
|
| |
Deposits from Negitive Carry Account to Distribution Account |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Beginning Spread Account Balance |
| $ | 22,000,004.35 |
|
|
| |
Additional Deposit to Spread Account from Pre-funding |
| $ | 0.00 |
|
|
| |
Deposits from Spread Account to Distribution Account |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Beginning Principal Supplement Account |
| $ | 0.00 |
|
|
| |
Deposits from Principal Supplement Account to Distribution Account |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Total Cash Available |
| $ | 30,293,029.95 |
|
|
| |
|
|
|
|
|
| ||
|
|
|
| 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 |
|
|
| |
|
|
|
| $ | 30,293,029.95 |
| |
Administration Fee Paid |
| $ | 166.67 |
|
|
| |
Administration Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 30,292,863.28 |
| |
Net Swap Payment Paid |
| $ | 445,268.83 |
|
|
| |
Net Swap Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Remaining Cash Available to Pay Note Interest & Swap Termination Payment |
|
|
| $ | 29,847,594.45 |
| |
|
|
|
|
|
| ||
Cash Available to Pay Note Interest |
| $ | 29,847,594.45 |
|
|
| |
Cash Available to Pay 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 |
| $ | 297,885.97 |
|
|
| |
Class A-4 notes Interest Paid |
| $ | 248,139.32 |
|
|
| |
|
|
|
| $ | 29,301,569.16 |
| |
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 |
|
|
| |
|
|
|
|
|
| ||
Swap Termination Payment Paid |
| $ | 0.00 |
|
|
| |
Swap Termination Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 29,301,569.16 |
| |
Class B notes Interest Paid |
| $ | 53,743.26 |
|
|
| |
Class B notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 29,247,825.90 |
| |
Class A-1 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-2 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-3 notes Principal Paid |
| $ | 27,177,350.60 |
|
|
| |
Class A-4 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class B notes Principal Paid |
| $ | 912,934.26 |
|
|
| |
|
|
|
| $ | 1,157,541.04 |
| |
Deposits to Spread Account |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 1,157,541.04 |
| |
Certificate Interest Paid |
| $ | 113,300.00 |
|
|
| |
Certificate Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 1,044,241.04 |
| |
Certificate Principal Paid |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 1,044,241.04 |
| |
Total Principal Balance of Notes and Certificates (End of Period) |
| $ | 453,552,115.76 |
|
|
| |
A-1 notes Ending Principal balance |
| $ | 0.00 |
|
|
| |
A-2 notes Ending Principal balance |
| $ | 0.00 |
|
|
| |
A-3 notes Ending Principal balance |
| $ | 219,561,672.00 |
|
|
| |
A-4 notes Ending Principal balance |
| $ | 186,250,000.00 |
|
|
| |
B notes Ending Principal balance |
| $ | 14,740,443.76 |
|
|
| |
Certificate Ending Principal balance |
| $ | 33,000,000.00 |
|
|
| |
|
|
|
|
|
| ||
Servicing Fee Paid (If CNH is the servicer) |
| $ | 401,368.67 |
|
|
| |
Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
Release to Seller as Excess |
| $ | 642,872.37 |
| $ | 642,872.37 |
|
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 |
|
|
|
|
| 7/15/2004 |
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
| Amount |
| Factor |
| Per/$1000 |
| |||
Summary and Factors |
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (Beginning of Period) |
|
|
|
|
| $ | 481,642,400.62 |
| 0.4378567 |
| $ | 437.86 |
| |
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 |
|
|
|
|
| $ | 246,739,022.60 |
| 0.8089804 |
| $ | 808.98 |
| |
A-4 notes Beginning Principal balance |
|
|
|
|
| $ | 186,250,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
| $ | 15,653,378.02 |
| 0.4378567 |
| $ | 437.86 |
| |
Certificate Beginning Principal balance |
|
|
|
|
| $ | 33,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (End of Period) |
|
|
|
|
| $ | 453,552,115.76 |
| 0.4123201 |
| $ | 412.32 |
| |
A-1 notes Ending Principal balance |
|
|
| $ | 270,000,000.00 |
| $ | (0.00 | ) | (0.0000000 | ) | $ | (0.00 | ) |
A-2 notes Ending Principal balance |
|
|
| $ | 270,000,000.00 |
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
|
A-3 notes Ending Principal balance |
|
|
| $ | 305,000,000.00 |
| $ | 219,561,672.00 |
| 0.7198743 |
| $ | 719.87 |
|
A-4 notes Ending Principal balance |
|
|
| $ | 186,250,000.00 |
| $ | 186,250,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
B notes Ending Principal balance |
|
|
| $ | 35,750,000.00 |
| $ | 14,740,443.76 |
| 0.4123201 |
| $ | 412.32 |
|
Certificate Ending Principal balance |
|
|
| $ | 33,000,000.00 |
| $ | 33,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Class A-1 notes Interest Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-2 notes Interest Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-3 notes Interest Paid |
|
|
|
|
| $ | 297,885.97 |
| 0.0009767 |
| $ | 0.98 |
| |
Class A-4 notes Interest Paid |
|
|
|
|
| $ | 248,139.32 |
| 0.0013323 |
| $ | 1.33 |
| |
Class B notes Interest Paid |
|
|
|
|
| $ | 53,743.26 |
| 0.0015033 |
| $ | 1.50 |
| |
Certificate Interest Paid |
|
|
|
|
| $ | 113,300.00 |
| 0.0034333 |
| $ | 3.43 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Class A-1 notes Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A21 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 |
| |
Certificate Interest Shortfall |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Class A-1 notes Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-2 notes Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class A-3 notes Principal Paid |
|
|
|
|
| $ | 27,177,350.60 |
| 0.0891061 |
| $ | 89.11 |
| |
Class A-4 notes Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class B notes Principal Paid |
|
|
|
|
| $ | 912,934.26 |
| 0.0255366 |
| $ | 25.54 |
| |
Certificate Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry Account |
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry |
| 1.25000 | % | 11/19/2002 |
| 1.4521 | % |
|
|
|
| |||
Negitive Carry Days Remaining |
|
|
| 5/15/2003 |
| 0 |
|
|
|
|
| |||
Required Negitive Carry Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Beginning Negitive Carry Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Negitive Carry Account Withdrawls to Distribution Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Negitive Carry Released to Seller |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Ending Negitive Carry Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
Spread Account |
|
|
|
|
|
|
|
|
|
|
| |||
Required Spread Account Deposit (Add Loans) |
|
|
| 2.00 | % | $ | 0.00 |
|
|
|
|
| ||
Required Spread Account Target |
|
|
| 2.50 | % | $ | 11,338,802.89 |
|
|
|
|
| ||
Required Spread Account Floor |
|
|
| 2.00 | % | $ | 22,000,004.35 |
|
|
|
|
| ||
Required Spread Account |
|
|
|
|
| $ | 22,000,004.35 |
|
|
|
|
| ||
Beginning Spread Account Balance |
|
|
|
|
| $ | 22,000,004.35 |
|
|
|
|
| ||
Additional Deposit to Spread Account from Pre-funding |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Spread Account Withdrawls to Distribution Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Spread Account Deposits from Excess Cash |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Spread Account Released to Seller |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Ending Spread Account Balance |
|
|
|
|
| $ | 22,000,004.35 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
Principal Supplement Account |
|
|
|
|
|
|
|
|
|
|
| |||
Required Principal Supplement Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Beginning Principal Supplement Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Additional Deposit to Principal Supplement Account from Pre-funding |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Principal Supplement Account Withdrawls to Distribution Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Principal Supplement Account Released to Seller |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Ending Principal Supplement Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
Pre-funding Account |
|
|
|
|
|
|
|
|
|
|
| |||
Beginning Pre-funding Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
New Contract Value Purchased |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Deposits to Spread Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Deposits to Principal Supplement Account |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Ending Pre-funding Account Balance |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
Release to seller |
|
|
|
|
| $ | 0.00 |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Release to Seller |
|
|
|
|
| $ | 1,044,407.71 |
|
|
|
|
| ||
5
