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 |
|
|
| 9 |
| 9 |
| 9 |
|
Cutoff Date |
| 7/31/2004 |
| ||||
Date Added |
| 10/31/2002 |
| 11/30/2002 |
| 12/31/2002 |
|
Pool |
| Pool 1 |
| Pool 2 |
| Pool 3 |
|
Scheduled Cashflows |
| 5,324,977.93 |
| 600,104.88 |
| 405,747.32 |
|
|
| 11,886,301.19 |
| 1,414,430.02 |
| 1,095,263.36 |
|
|
| 14,989,199.83 |
| 1,792,085.01 |
| 1,307,716.22 |
|
|
| 13,267,289.92 |
| 4,100,316.69 |
| 1,226,230.36 |
|
|
| 9,886,710.03 |
| 7,746,636.81 |
| 3,491,584.18 |
|
|
| 10,504,808.72 |
| 2,009,608.57 |
| 5,517,075.62 |
|
|
| 9,105,123.62 |
| 1,874,901.30 |
| 1,314,762.26 |
|
|
| 8,294,125.62 |
| 1,551,513.28 |
| 973,910.71 |
|
|
| 8,531,073.97 |
| 1,841,592.27 |
| 997,206.81 |
|
|
| 13,866,486.28 |
| 2,054,209.81 |
| 985,256.78 |
|
|
| 17,458,728.40 |
| 1,683,424.55 |
| 1,057,899.48 |
|
|
| 15,234,861.66 |
| 1,673,305.63 |
| 1,099,670.82 |
|
|
| 12,383,436.93 |
| 1,355,615.51 |
| 1,004,661.90 |
|
|
| 10,558,994.58 |
| 1,441,415.24 |
| 994,754.87 |
|
|
| 11,901,725.38 |
| 1,552,669.16 |
| 1,063,118.26 |
|
|
| 10,031,449.83 |
| 3,859,015.49 |
| 990,981.68 |
|
|
| 6,483,849.74 |
| 7,519,593.80 |
| 3,124,542.01 |
|
|
| 6,842,485.73 |
| 1,558,105.61 |
| 5,131,013.54 |
|
|
| 5,889,831.06 |
| 1,413,464.10 |
| 995,613.52 |
|
|
| 5,169,964.49 |
| 1,103,009.64 |
| 665,488.75 |
|
|
| 5,612,379.42 |
| 1,416,507.45 |
| 670,708.56 |
|
|
| 9,295,752.42 |
| 1,555,094.08 |
| 656,212.19 |
|
|
| 11,794,430.38 |
| 1,116,236.83 |
| 704,842.31 |
|
|
| 10,030,268.27 |
| 1,159,163.31 |
| 733,368.99 |
|
|
| 8,218,148.57 |
| 856,506.07 |
| 663,228.03 |
|
|
| 6,784,274.88 |
| 933,977.88 |
| 660,663.78 |
|
|
| 8,022,316.17 |
| 1,135,656.33 |
| 711,356.33 |
|
|
| 6,458,990.80 |
| 2,402,719.68 |
| 613,455.45 |
|
|
| 4,289,069.31 |
| 4,362,857.94 |
| 2,021,331.57 |
|
|
| 5,019,394.00 |
| 1,125,118.06 |
| 3,686,625.63 |
|
|
| 3,798,955.02 |
| 975,591.47 |
| 674,227.45 |
|
|
| 3,341,570.72 |
| 865,646.50 |
| 447,784.47 |
|
|
| 3,480,500.47 |
| 1,128,653.92 |
| 444,609.64 |
|
|
| 5,859,374.88 |
| 1,160,529.16 |
| 440,984.99 |
|
|
| 7,938,660.58 |
| 837,773.26 |
| 466,325.34 |
|
|
| 6,287,381.49 |
| 790,899.29 |
| 478,149.35 |
|
|
| 4,844,724.20 |
| 557,263.92 |
| 442,619.89 |
|
|
| 3,482,692.32 |
| 545,895.06 |
| 427,887.61 |
|
|
| 4,135,493.69 |
| 749,101.26 |
| 449,034.31 |
|
|
| 2,642,510.66 |
| 1,839,968.48 |
| 389,426.77 |
|
|
| 594,782.16 |
| 3,331,312.02 |
| 1,687,032.25 |
|
|
| 458,028.63 |
| 195,218.90 |
| 2,972,002.99 |
|
|
| 428,876.80 |
| 214,468.39 |
| 200,834.31 |
|
|
| 238,936.85 |
| 131,135.84 |
| 27,089.89 |
|
|
| 246,331.34 |
| 299,770.26 |
| 30,166.31 |
|
|
| 281,806.82 |
| 360,346.44 |
| 38,094.85 |
|
|
| 374,845.57 |
| 139,093.48 |
| 18,723.03 |
|
|
| 395,000.19 |
| 246,877.17 |
| 24,382.26 |
|
|
| 196,736.87 |
| 66,462.59 |
| 17,985.82 |
|
|
| 286,420.70 |
| 30,623.53 |
| 17,989.93 |
|
|
| 143,833.47 |
| 58,182.99 |
| 17,326.83 |
|
|
| 106,142.53 |
| 71,186.74 |
| 17,237.53 |
|
|
| 1,559.65 |
| 4,706.09 |
| 80,210.16 |
|
|
| 97,489.74 |
| 0.00 |
| 160,911.65 |
|
|
| 121.10 |
| 0.00 |
| 916.78 |
|
|
| 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 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
|
|
|
|
|
|
|
Total Amount of Scheduled Cashflow |
| 332,799,225.58 |
| 78,809,561.76 |
| 54,536,485.86 |
|
Discount Rate |
| 5.500 | % | 5.500 | % | 5.500 | % |
Beginning Contract Value |
| 326,499,347.39 |
| 75,116,629.28 |
| 51,936,139.08 |
|
Scheduled Contract Value Decline |
| 17,208,483.84 |
| 1,681,717.76 |
| 1,313,353.70 |
|
Unscheduled Contract Value Decline |
| (59,188.81) |
| 679,834.11 |
| 375,188.80 |
|
Additional Contract Value Added |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
| 309,350,052.37 |
| 72,755,077.42 |
| 50,247,596.58 |
|
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) |
| 7/15/2004 |
|
|
| |
Dated Date (act/360) |
| 7/15/2004 |
|
|
| |
Scheduled Payment Date |
| 8/15/2004 |
|
|
| |
Actual Payment Date |
| 8/16/2004 |
|
|
| |
Days in accrual period (30/360) |
| 30 |
|
|
| |
Days in accrual period (act/360) |
| 32 |
|
|
| |
1 month LIBOR Rate |
| 1.3800 | % |
|
| |
|
|
|
|
|
| |
Collateral Summary |
|
|
|
|
| |
Wtd. Average Discount Rate |
| 5.500 | % |
|
| |
Beginning Contract Value |
| 453,552,115.76 |
|
|
| |
Scheduled Contract Value Decline |
| 20,203,555.30 |
|
|
| |
Unscheduled Contract Value Decline |
| 995,834.10 |
|
|
| |
Additional Contract Value Purchased |
| 0.00 |
|
|
| |
Ending Contract Value |
| 432,352,726.36 |
|
|
| |
|
|
|
|
|
| |
Beginning Pre-funding Account Balance |
| 0.00 |
|
|
| |
Ending Pre-funding Account Balance |
| 0.00 |
|
|
| |
|
|
|
|
|
| |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) |
| 453,552,115.76 |
|
|
| |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) |
| 432,352,726.36 |
|
|
| |
|
|
|
|
|
| |
Collateral Performance |
|
|
|
|
| |
Scheduled Amounts 30 - 59 days past due |
| $ | 895,048.40 |
| 0.21 | % |
Scheduled Amounts 60 days or more past due |
| $ | 1,263,508.68 |
| 0.29 | % |
Net Losses on Liquidated Receivables |
| $ | 391,258.98 |
| 0.09 | % |
Cumulative Net Losses |
| $ | 3,313,254.24 |
|
|
|
Number of Loans at Beginning of Period |
| 31,557 |
|
|
| |
Number of Loans at End of Period |
| 30,873 |
|
|
| |
Repossessed Equipment not Sold or Reassigned (Beginning) |
| $ | 466,996.70 |
|
|
|
Repossessed Equipment not Sold or Reassigned (End) |
| $ | 478,589.87 |
|
|
|
|
|
|
|
|
| |
Collections and Reinvestment Income |
|
|
|
|
| |
Receipts During the period |
| $ | 22,975,161.07 |
|
|
|
|
|
|
|
|
| |
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 |
| $ | 22,975,161.07 |
|
|
|
|
|
|
|
|
| |
Reinvestment Income (excluding Pre-funding Account) |
| $ | 42,894.94 |
|
|
|
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 |
| $ | 23,018,056.01 |
|
|
|
|
|
|
|
|
| |
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 |
|
|
|
|
|
|
| 8/16/2004 |
|
Caclulation of Distributable Amounts |
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
| ||
Current Servicing Fee Due |
|
|
|
|
| 1.000 | % | $ | 377,960.10 |
| |
Past Due Servicing Fee |
|
|
|
|
|
|
| $ | 0.00 |
| |
Total Servicing Fee Due |
|
|
|
|
|
|
| $ | 377,960.10 |
| |
|
|
|
|
|
|
|
|
|
| ||
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) |
|
|
|
|
|
|
| $ | 453,552,115.76 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 0.00 |
| |
A-2 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 0.00 |
| |
A-3 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 219,561,672.00 |
| |
A-4 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 186,250,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 14,740,443.76 |
| |
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 | % | $ | 310,313.83 |
|
A-4 notes Current Interest Due |
| Flt |
| 0.36000 | % | 3.16700 | % | $ | 288,066.67 |
|
B notes Current Interest Due |
| Fix |
| 4.12000 | % | 4.12000 | % | $ | 50,608.86 |
|
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 |
|
|
|
|
|
|
| $ | 310,313.83 |
|
A-4 notes Total Interest Due |
|
|
|
|
|
|
| $ | 288,066.67 |
|
B notes Total Interest Due |
|
|
|
|
|
|
| $ | 50,608.86 |
|
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 | % | $ | 136,951.59 |
|
A-4 Net Swap Payment Due |
|
|
| 2.80700 | % | $ | 207,203.13 |
|
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 |
|
|
|
|
| $ | 136,951.59 |
|
A-4 Total Net Swap Payment Due |
|
|
|
|
| $ | 207,203.13 |
|
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 |
|
|
|
|
| $ | 20,510,409.24 |
|
A-4 notes Principal Due |
|
|
|
|
| $ | 0.00 |
|
Class B notes Principal Due |
|
|
|
|
| $ | 688,980.16 |
|
Certificate Principal Due |
|
|
|
|
| $ | 0.00 |
|
|
|
|
|
|
|
|
| |
Total notes Interest Due |
|
|
|
|
| $ | 648,989.35 |
|
Total notes Principal Due |
|
|
|
|
| $ | 21,199,389.40 |
|
Net Swap/Termination Payment Due |
|
|
|
|
| $ | 344,154.72 |
|
Total notes Distributable Amount |
|
|
|
|
| $ | 22,192,533.47 |
|
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 |
| 8/16/2004 |
|
|
|
Cash Available for Distribution |
|
|
|
|
| ||
Total Collections + Reinvestment Income For The Period |
| $ | 23,018,056.01 |
|
|
| |
|
|
|
|
|
| ||
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 |
| $ | 23,018,056.01 |
|
|
| |
|
|
|
|
|
| ||
|
|
|
| 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 |
|
|
| |
|
|
|
| $ | 23,018,056.01 |
| |
Administration Fee Paid |
| $ | 166.67 |
|
|
| |
Administration Fee Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 23,017,889.34 |
| |
Net Swap Payment Paid |
| $ | 344,154.72 |
|
|
| |
Net Swap Payment Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
|
|
| ||
Remaining Cash Available to Pay Note Interest & Swap Termination Payment |
|
|
| $ | 22,673,734.62 |
| |
|
|
|
|
|
| ||
Cash Available to Pay Note Interest |
| $ | 22,673,734.62 |
|
|
| |
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 |
| $ | 310,313.83 |
|
|
| |
Class A-4 notes Interest Paid |
| $ | 288,066.67 |
|
|
| |
|
|
|
| $ | 22,075,354.13 |
| |
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 |
|
|
| |
|
|
|
| $ | 22,075,354.13 |
| |
Class B notes Interest Paid |
| $ | 50,608.86 |
|
|
| |
Class B notes Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 22,024,745.27 |
| |
Class A-1 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-2 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class A-3 notes Principal Paid |
| $ | 20,510,409.24 |
|
|
| |
Class A-4 notes Principal Paid |
| $ | 0.00 |
|
|
| |
Class B notes Principal Paid |
| $ | 688,980.16 |
|
|
| |
|
|
|
| $ | 825,355.87 |
| |
Deposits to Spread Account |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 825,355.87 |
| |
Certificate Interest Paid |
| $ | 113,300.00 |
|
|
| |
Certificate Interest Shortfall |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 712,055.87 |
| |
Certificate Principal Paid |
| $ | 0.00 |
|
|
| |
|
|
|
| $ | 712,055.87 |
| |
Total Principal Balance of Notes and Certificates (End of Period) |
| $ | 432,352,726.36 |
|
|
| |
A-1 notes Ending Principal balance |
| $ | 0.00 |
|
|
| |
A-2 notes Ending Principal balance |
| $ | 0.00 |
|
|
| |
A-3 notes Ending Principal balance |
| $ | 199,051,262.76 |
|
|
| |
A-4 notes Ending Principal balance |
| $ | 186,250,000.00 |
|
|
| |
B notes Ending Principal balance |
| $ | 14,051,463.60 |
|
|
| |
Certificate Ending Principal balance |
| $ | 33,000,000.00 |
|
|
| |
|
|
|
|
|
| ||
Servicing Fee Paid (If CNH is the servicer) |
| $ | 377,960.10 |
|
|
| |
Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |
Release to Seller as Excess |
| $ | 334,095.77 |
| $ | 334,095.77 |
|
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 |
|
|
|
|
| 8/16/2004 |
|
|
|
|
|
|
|
|
|
|
| Amount |
| Factor |
| Per/$1000 |
| |||
Summary and Factors |
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (Beginning of Period) |
|
|
|
|
| $ | 453,552,115.76 |
| 0.4123201 |
| $ | 412.32 |
| |
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 |
|
|
|
|
| $ | 219,561,672.00 |
| 0.7198743 |
| $ | 719.87 |
| |
A-4 notes Beginning Principal balance |
|
|
|
|
| $ | 186,250,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
| $ | 14,740,443.76 |
| 0.4123201 |
| $ | 412.32 |
| |
Certificate Beginning Principal balance |
|
|
|
|
| $ | 33,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (End of Period) |
|
|
|
|
| $ | 432,352,726.36 |
| 0.3930479 |
| $ | 393.05 |
| |
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 |
| $ | 199,051,262.76 |
| 0.6526271 |
| $ | 652.63 |
|
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 |
| $ | 14,051,463.60 |
| 0.3930479 |
| $ | 393.05 |
|
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 |
|
|
|
|
| $ | 310,313.83 |
| 0.0010174 |
| $ | 1.02 |
| |
Class A-4 notes Interest Paid |
|
|
|
|
| $ | 288,066.67 |
| 0.0015467 |
| $ | 1.55 |
| |
Class B notes Interest Paid |
|
|
|
|
| $ | 50,608.86 |
| 0.0014156 |
| $ | 1.42 |
| |
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 |
|
|
|
|
| $ | 20,510,409.24 |
| 0.0672472 |
| $ | 67.25 |
| |
Class A-4 notes Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class B notes Principal Paid |
|
|
|
|
| $ | 688,980.16 |
| 0.0192722 |
| $ | 19.27 |
| |
Certificate Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry Account |
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry |
| 1.25000 | % | 11/19/2002 |
| 1.4622 | % |
|
|
|
| |||
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 | % | $ | 10,808,818.16 |
|
|
|
|
| ||
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 |
|
|
|
|
| $ | 712,222.54 |
|
|
|
|
| ||
5
