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 |
|
|
| 0 |
| 0 |
| 0 |
|
Cutoff Date |
| 10/31/2004 |
| ||||
Date Added |
| 10/31/2002 |
| 11/30/2002 |
| 12/31/2002 |
|
Pool |
| Pool 1 |
| Pool 2 |
| Pool 3 |
|
Scheduled Cashflows |
| 4,969,249.03 |
| 1,716,535.23 |
| 457,640.04 |
|
|
| 8,317,612.05 |
| 6,597,631.32 |
| 3,113,028.62 |
|
|
| 9,934,529.08 |
| 1,866,909.15 |
| 5,298,585.97 |
|
|
| 8,636,111.81 |
| 1,774,085.75 |
| 1,286,670.58 |
|
|
| 7,876,130.62 |
| 1,471,896.46 |
| 928,180.13 |
|
|
| 8,112,671.19 |
| 1,709,413.52 |
| 949,373.12 |
|
|
| 13,406,798.20 |
| 2,016,022.84 |
| 941,396.11 |
|
|
| 16,879,472.23 |
| 1,602,348.73 |
| 1,008,662.05 |
|
|
| 14,631,551.76 |
| 1,621,603.83 |
| 1,049,271.35 |
|
|
| 11,924,957.35 |
| 1,292,218.31 |
| 960,129.07 |
|
|
| 10,060,311.41 |
| 1,369,542.30 |
| 943,095.77 |
|
|
| 11,315,882.53 |
| 1,386,265.49 |
| 980,952.02 |
|
|
| 9,695,796.43 |
| 3,746,571.32 |
| 946,707.62 |
|
|
| 6,340,609.40 |
| 7,281,450.67 |
| 3,020,939.44 |
|
|
| 6,581,058.18 |
| 1,464,736.26 |
| 4,994,437.59 |
|
|
| 5,648,898.49 |
| 1,344,708.63 |
| 988,374.91 |
|
|
| 4,971,033.61 |
| 1,027,084.57 |
| 636,888.41 |
|
|
| 5,350,396.06 |
| 1,296,782.67 |
| 640,209.13 |
|
|
| 9,072,999.96 |
| 1,528,989.06 |
| 627,092.33 |
|
|
| 11,437,323.30 |
| 1,030,899.08 |
| 669,131.02 |
|
|
| 9,645,342.46 |
| 1,133,460.40 |
| 696,761.05 |
|
|
| 7,956,544.19 |
| 822,619.23 |
| 633,244.54 |
|
|
| 6,417,947.82 |
| 879,216.68 |
| 630,705.72 |
|
|
| 7,585,244.44 |
| 929,838.46 |
| 641,938.34 |
|
|
| 6,222,670.02 |
| 2,304,171.23 |
| 583,106.97 |
|
|
| 4,215,558.22 |
| 4,259,321.87 |
| 1,961,690.91 |
|
|
| 4,661,440.25 |
| 1,061,252.82 |
| 3,569,863.68 |
|
|
| 3,616,005.67 |
| 919,741.71 |
| 660,963.92 |
|
|
| 3,225,390.15 |
| 791,300.16 |
| 428,214.04 |
|
|
| 3,298,037.98 |
| 1,026,332.34 |
| 424,246.24 |
|
|
| 5,744,048.64 |
| 1,147,390.64 |
| 421,158.73 |
|
|
| 7,592,185.18 |
| 770,274.34 |
| 440,952.33 |
|
|
| 5,936,931.20 |
| 776,289.07 |
| 457,591.13 |
|
|
| 4,677,916.03 |
| 534,389.76 |
| 423,704.28 |
|
|
| 3,343,942.66 |
| 502,469.06 |
| 407,819.63 |
|
|
| 3,857,020.36 |
| 609,016.02 |
| 416,132.11 |
|
|
| 2,503,330.90 |
| 1,765,084.83 |
| 369,487.63 |
|
|
| 629,856.17 |
| 3,265,218.91 |
| 1,653,523.63 |
|
|
| 450,352.90 |
| 151,401.03 |
| 2,763,631.17 |
|
|
| 296,600.53 |
| 161,615.05 |
| 204,534.76 |
|
|
| 224,537.29 |
| 126,085.19 |
| 32,865.94 |
|
|
| 235,662.46 |
| 265,395.35 |
| 39,441.06 |
|
|
| 277,512.69 |
| 355,161.24 |
| 38,187.52 |
|
|
| 354,496.33 |
| 120,285.62 |
| 18,819.28 |
|
|
| 372,497.59 |
| 241,817.56 |
| 24,469.12 |
|
|
| 187,129.65 |
| 61,401.90 |
| 18,082.07 |
|
|
| 279,110.15 |
| 25,464.31 |
| 18,084.45 |
|
|
| 137,932.74 |
| 57,027.65 |
| 17,423.02 |
|
|
| 111,871.83 |
| 70,218.08 |
| 17,254.02 |
|
|
| 1,559.65 |
| 4,716.27 |
| 80,078.20 |
|
|
| 97,490.99 |
| 0.00 |
| 161,751.25 |
|
|
| 120.81 |
| 0.00 |
| 1,762.04 |
|
|
| 0.00 |
| 0.00 |
| 1,027.19 |
|
|
| 0.00 |
| 0.00 |
| 1,027.19 |
|
|
| 0.00 |
| 0.00 |
| 1,027.19 |
|
|
| 0.00 |
| 0.00 |
| 1,027.19 |
|
|
| 0.00 |
| 0.00 |
| 1,027.19 |
|
|
| 0.00 |
| 0.00 |
| 1,027.19 |
|
|
| 0.00 |
| 0.00 |
| 1,027.19 |
|
|
| 0.00 |
| 0.00 |
| 1,027.19 |
|
|
| 0.00 |
| 0.00 |
| 1,027.19 |
|
|
| 0.00 |
| 0.00 |
| 1,027.19 |
|
|
| 0.00 |
| 0.00 |
| 780.49 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 0.00 |
| 0.00 |
| 0.00 |
|
|
| 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 |
| 279,319,680.64 |
| 68,283,671.97 |
| 48,709,306.45 |
|
Discount Rate |
| 5.500 | % | 5.500 | % | 5.500 | % |
Beginning Contract Value |
| 276,253,922.16 |
| 67,582,093.82 |
| 46,755,383.84 |
|
Scheduled Contract Value Decline |
| 15,471,193.39 |
| 4,042,117.30 |
| 1,243,065.11 |
|
Unscheduled Contract Value Decline |
| 79,614.36 |
| 67,877.02 |
| 274,563.60 |
|
Additional Contract Value Added |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
| 260,703,114.41 |
| 63,472,099.50 |
| 45,237,755.12 |
|
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) |
| 10/15/2004 |
|
|
| |
Dated Date (act/360) |
| 10/15/2004 |
|
|
| |
Scheduled Payment Date |
| 11/15/2004 |
|
|
| |
Actual Payment Date |
| 11/15/2004 |
|
|
| |
Days in accrual period (30/360) |
| 30 |
|
|
| |
Days in accrual period (act/360) |
| 31 |
|
|
| |
1 month LIBOR Rate |
| 1.8700 | % |
|
| |
|
|
|
|
|
| |
Collateral Summary |
|
|
|
|
| |
Wtd. Average Discount Rate |
| 5.500 | % |
|
| |
Beginning Contract Value |
| 390,591,399.81 |
|
|
| |
Scheduled Contract Value Decline |
| 20,756,375.80 |
|
|
| |
Unscheduled Contract Value Decline |
| 422,054.98 |
|
|
| |
Additional Contract Value Purchased |
| 0.00 |
|
|
| |
Ending Contract Value |
| 369,412,969.03 |
|
|
| |
|
|
|
|
|
| |
Beginning Pre-funding Account Balance |
| 0.00 |
|
|
| |
Ending Pre-funding Account Balance |
| 0.00 |
|
|
| |
|
|
|
|
|
| |
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) |
| 390,591,399.81 |
|
|
| |
Total Ending Balance (Pool Balance + Pre-funding Account Balance) |
| 369,412,969.03 |
|
|
| |
|
|
|
|
|
| |
Collateral Performance |
|
|
|
|
| |
Scheduled Amounts 30 - 59 days past due |
| $ | 638,891.95 |
| 0.17 | % |
Scheduled Amounts 60 days or more past due |
| $ | 1,497,821.84 |
| 0.41 | % |
Net Losses on Liquidated Receivables |
| $ | 115,401.54 |
| 0.03 | % |
Cumulative Net Losses |
| $ | 3,602,416.64 |
|
|
|
Number of Loans at Beginning of Period |
| 29,471 |
|
|
| |
Number of Loans at End of Period |
| 28,801 |
|
|
| |
Repossessed Equipment not Sold or Reassigned (Beginning) |
| $ | 509,420.75 |
|
|
|
Repossessed Equipment not Sold or Reassigned (End) |
| $ | 489,764.59 |
|
|
|
|
|
|
|
|
| |
Collections and Reinvestment Income |
|
|
|
|
| |
Receipts During the period |
| $ | 22,849,240.91 |
|
|
|
|
|
|
|
|
| |
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 |
| $ | 22,849,240.91 |
|
|
|
|
|
|
|
|
| |
Reinvestment Income (excluding Pre-funding Account) |
| $ | 56,672.34 |
|
|
|
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 |
| $ | 22,905,913.25 |
|
|
|
|
|
|
|
|
| |
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 |
|
|
|
|
|
|
| 11/15/2004 |
| ||
|
|
|
|
|
|
|
|
|
| ||
Caclulation of Distributable Amounts |
|
|
|
|
|
|
|
|
| ||
|
|
|
|
|
|
|
|
|
| ||
Current Servicing Fee Due |
|
|
|
|
| 1.000 | % | $ | 325,492.83 |
| |
Past Due Servicing Fee |
|
|
|
|
|
|
| $ | 0.00 |
| |
Total Servicing Fee Due |
|
|
|
|
|
|
| $ | 325,492.83 |
| |
|
|
|
|
|
|
|
|
|
| ||
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) |
|
|
|
|
|
|
| $ | 390,591,399.81 |
| |
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 0.00 |
| |
A-2 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 0.00 |
| |
A-3 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 158,647,179.32 |
| |
A-4 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 186,250,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 12,694,220.49 |
| |
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 | % | $ | 284,154.73 |
| |
A-4 notes Current Interest Due |
| Flt |
| 0.36000 | % | 3.16700 | % | $ | 357,651.74 |
| |
B notes Current Interest Due |
| Fix |
| 4.12000 | % | 4.12000 | % | $ | 43,583.49 |
| |
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 |
|
|
|
|
|
|
| $ | 284,154.73 |
| |
A-4 notes Total Interest Due |
|
|
|
|
|
|
| $ | 357,651.74 |
| |
B notes Total Interest Due |
|
|
|
|
|
|
| $ | 43,583.49 |
| |
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 | % | $ | 38,097.36 |
| |
A-4 Net Swap Payment Due |
|
|
|
|
| 2.80700 | % | $ | 135,755.56 |
| |
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 |
|
|
|
|
|
|
| $ | 38,097.36 |
| |
A-4 Total Net Swap Payment Due |
|
|
|
|
|
|
| $ | 135,755.56 |
| |
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 |
|
|
|
|
|
|
| $ | 20,490,131.78 |
| |
A-4 notes Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
| |
Class B notes Principal Due |
|
|
|
|
|
|
| $ | 688,299.00 |
| |
Certificate Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
| ||
Total notes Interest Due |
|
|
|
|
|
|
| $ | 685,389.95 |
| |
Total notes Principal Due |
|
|
|
|
|
|
| $ | 21,178,430.78 |
| |
Net Swap/Termination Payment Due |
|
|
|
|
|
|
| $ | 173,852.91 |
| |
Total notes Distributable Amount |
|
|
|
|
|
|
| $ | 22,037,673.65 |
| |
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 |
| 11/15/2004 |
|
|
| ||||||||
|
|
|
|
|
| ||||||||
Cash Available for Distribution |
|
|
|
|
| ||||||||
Total Collections + Reinvestment Income For The Period |
| $ | 22,905,913.25 |
|
|
| |||||||
|
|
|
|
|
| ||||||||
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 |
| $ | 22,905,913.25 |
|
|
| |||||||
|
|
|
|
|
| ||||||||
|
|
|
| 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 |
|
|
| |||||||
|
|
|
| $ | 22,905,913.25 |
| |||||||
Administration Fee Paid |
| $ | 166.67 |
|
|
| |||||||
Administration Fee Shortfall |
| $ | 0.00 |
|
|
| |||||||
|
|
|
| $ | 22,905,746.58 |
| |||||||
Net Swap Payment Paid |
| $ | 173,852.91 |
|
|
| |||||||
Net Swap Payment Shortfall |
| $ | 0.00 |
|
|
| |||||||
|
|
|
|
|
| ||||||||
Remaining Cash Available to Pay Note Interest & Swap Termination Payment |
|
|
| $ | 22,731,893.67 |
| |||||||
|
|
|
|
|
| ||||||||
Cash Available to Pay Note Interest |
| $ | 22,731,893.67 |
|
|
| |||||||
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 |
| $ | 284,154.73 |
|
|
| |||||||
Class A-4 notes Interest Paid |
| $ | 357,651.74 |
|
|
| |||||||
|
|
|
| $ | 22,090,087.21 |
| |||||||
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 |
|
|
| |||||||
|
|
|
| $ | 22,090,087.21 |
| |||||||
Class B notes Interest Paid |
| $ | 43,583.49 |
|
|
| |||||||
Class B notes Interest Shortfall |
| $ | 0.00 |
|
|
| |||||||
|
|
|
| $ | 22,046,503.71 |
| |||||||
Class A-1 notes Principal Paid |
| $ | 0.00 |
|
|
| |||||||
Class A-2 notes Principal Paid |
| $ | 0.00 |
|
|
| |||||||
Class A-3 notes Principal Paid |
| $ | 20,490,131.78 |
|
|
| |||||||
Class A-4 notes Principal Paid |
| $ | 0.00 |
|
|
| |||||||
Class B notes Principal Paid |
| $ | 688,299.00 |
|
|
| |||||||
|
|
|
| $ | 868,072.93 |
| |||||||
Deposits to Spread Account |
| $ | 0.00 |
|
|
| |||||||
|
|
|
| $ | 868,072.93 |
| |||||||
Certificate Interest Paid |
| $ | 113,300.00 |
|
|
| |||||||
Certificate Interest Shortfall |
| $ | 0.00 |
|
|
| |||||||
|
|
|
| $ | 754,772.93 |
| |||||||
Certificate Principal Paid |
| $ | 0.00 |
|
|
| |||||||
|
|
|
| $ | 754,772.93 |
| |||||||
Total Principal Balance of Notes and Certificates (End of Period) |
| $ | 369,412,969.03 |
|
|
| |||||||
A-1 notes Ending Principal balance |
| $ | 0.00 |
|
|
| |||||||
A-2 notes Ending Principal balance |
| $ | 0.00 |
|
|
| |||||||
A-3 notes Ending Principal balance |
| $ | 138,157,047.54 |
|
|
| |||||||
A-4 notes Ending Principal balance |
| $ | 186,250,000.00 |
|
|
| |||||||
B notes Ending Principal balance |
| $ | 12,005,921.49 |
|
|
| |||||||
Certificate Ending Principal balance |
| $ | 33,000,000.00 |
|
|
| |||||||
|
|
|
|
|
| ||||||||
Servicing Fee Paid (If CNH is the servicer) |
| $ | 325,492.83 |
|
|
| |||||||
Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| |||||||
Release to Seller as Excess |
| $ | 429,280.10 |
| $ | 429,280.10 |
| ||||||
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 |
|
|
|
|
| 11/15/2004 |
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
| |||
Summary and Factors |
|
|
|
|
| Amount |
| Factor |
| Per/$1000 |
| |||
Total Principal Balance of Notes and Certificates (Beginning of Period) |
|
|
|
|
| $ | 390,591,399.81 |
| 0.3550831 |
| $ | 355.08 |
| |
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 |
|
|
|
|
| $ | 158,647,179.32 |
| 0.5201547 |
| $ | 520.15 |
| |
A-4 notes Beginning Principal balance |
|
|
|
|
| $ | 186,250,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
| $ | 12,694,220.49 |
| 0.3550831 |
| $ | 355.08 |
| |
Certificate Beginning Principal balance |
|
|
|
|
| $ | 33,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (End of Period) |
|
|
|
|
| $ | 369,412,969.03 |
| 0.3358300 |
| $ | 335.83 |
| |
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 |
| $ | 138,157,047.54 |
| 0.4529739 |
| $ | 452.97 |
|
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 |
| $ | 12,005,921.49 |
| 0.3358300 |
| $ | 335.83 |
|
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 |
|
|
|
|
| $ | 284,154.73 |
| 0.0009317 |
| $ | 0.93 |
| |
Class A-4 notes Interest Paid |
|
|
|
|
| $ | 357,651.74 |
| 0.0019203 |
| $ | 1.92 |
| |
Class B notes Interest Paid |
|
|
|
|
| $ | 43,583.49 |
| 0.0012191 |
| $ | 1.22 |
| |
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 |
|
|
|
|
| $ | 20,490,131.78 |
| 0.0671808 |
| $ | 67.18 |
| |
Class A-4 notes Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class B notes Principal Paid |
|
|
|
|
| $ | 688,299.00 |
| 0.0192531 |
| $ | 19.25 |
| |
Certificate Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry Account |
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry |
| 1.25000 | % | 11/19/2002 |
| 1.5017 | % |
|
|
|
| |||
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 | % | $ | 9,235,324.23 |
|
|
|
|
| ||
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 |
|
|
|
|
| $ | 754,939.60 |
|
|
|
|
| ||
5
