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 Jeske 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 |
|
|
| 1 |
| 1 |
| 1 |
|
Cutoff Date |
| 11/30/2004 |
| ||||
Date Added |
| 10/31/2002 |
| 11/30/2002 |
| 12/31/2002 |
|
Pool |
| Pool 1 |
| Pool 2 |
| Pool 3 |
|
Scheduled Cashflows |
| 4,094,065.58 |
| 1,525,803.36 |
| 1,045,240.33 |
|
|
| 8,604,502.76 |
| 1,568,300.02 |
| 4,568,201.47 |
|
|
| 8,376,116.77 |
| 1,734,262.42 |
| 1,257,559.14 |
|
|
| 7,698,801.21 |
| 1,441,318.11 |
| 910,740.15 |
|
|
| 7,970,071.51 |
| 1,633,427.65 |
| 936,717.78 |
|
|
| 13,248,553.90 |
| 1,990,226.22 |
| 928,847.36 |
|
|
| 16,712,111.69 |
| 1,587,402.51 |
| 996,585.09 |
|
|
| 14,470,879.21 |
| 1,608,293.97 |
| 1,037,214.42 |
|
|
| 11,776,882.58 |
| 1,277,129.36 |
| 961,270.99 |
|
|
| 9,926,893.67 |
| 1,331,222.12 |
| 944,237.89 |
|
|
| 11,176,052.56 |
| 1,372,804.74 |
| 982,074.47 |
|
|
| 9,525,413.64 |
| 3,697,291.30 |
| 946,895.26 |
|
|
| 6,277,764.46 |
| 7,172,799.39 |
| 2,926,187.21 |
|
|
| 6,496,344.82 |
| 1,415,592.01 |
| 4,898,090.22 |
|
|
| 5,591,945.12 |
| 1,329,459.69 |
| 978,050.01 |
|
|
| 4,902,730.68 |
| 1,019,777.67 |
| 626,715.04 |
|
|
| 5,282,018.44 |
| 1,238,697.42 |
| 630,027.76 |
|
|
| 8,993,399.33 |
| 1,511,422.82 |
| 616,909.37 |
|
|
| 11,324,621.56 |
| 1,021,769.12 |
| 658,939.38 |
|
|
| 9,505,673.63 |
| 1,126,212.00 |
| 686,535.60 |
|
|
| 7,858,572.34 |
| 787,231.54 |
| 631,104.91 |
|
|
| 6,330,879.46 |
| 844,634.87 |
| 628,821.89 |
|
|
| 7,466,801.33 |
| 920,657.54 |
| 639,942.87 |
|
|
| 6,108,801.37 |
| 2,275,452.24 |
| 580,902.96 |
|
|
| 4,190,529.79 |
| 4,170,640.66 |
| 1,893,817.53 |
|
|
| 4,541,564.48 |
| 1,033,173.49 |
| 3,511,620.51 |
|
|
| 3,613,465.33 |
| 909,175.01 |
| 651,881.89 |
|
|
| 3,193,165.56 |
| 787,353.77 |
| 419,262.78 |
|
|
| 3,262,284.48 |
| 972,251.05 |
| 414,903.19 |
|
|
| 5,670,943.24 |
| 1,141,031.30 |
| 412,157.88 |
|
|
| 7,539,495.22 |
| 764,780.22 |
| 431,576.05 |
|
|
| 5,794,725.95 |
| 770,497.17 |
| 448,391.48 |
|
|
| 4,626,431.18 |
| 528,272.33 |
| 424,345.70 |
|
|
| 3,199,273.39 |
| 485,035.98 |
| 407,972.35 |
|
|
| 3,820,261.83 |
| 594,360.52 |
| 416,611.38 |
|
|
| 2,423,491.43 |
| 1,747,810.43 |
| 370,126.72 |
|
|
| 645,998.01 |
| 3,197,417.35 |
| 1,587,345.88 |
|
|
| 415,003.70 |
| 151,937.74 |
| 2,565,201.55 |
|
|
| 320,699.07 |
| 162,345.70 |
| 204,937.76 |
|
|
| 222,171.55 |
| 126,087.01 |
| 33,612.49 |
|
|
| 232,695.53 |
| 245,180.88 |
| 38,412.66 |
|
|
| 274,690.93 |
| 355,163.74 |
| 37,159.16 |
|
|
| 352,369.38 |
| 120,284.10 |
| 17,792.09 |
|
|
| 371,365.98 |
| 241,815.69 |
| 23,439.32 |
|
|
| 187,141.49 |
| 61,401.85 |
| 17,054.88 |
|
|
| 277,346.75 |
| 25,463.30 |
| 17,056.69 |
|
|
| 138,342.71 |
| 57,026.15 |
| 16,395.83 |
|
|
| 90,323.14 |
| 70,194.35 |
| 16,226.52 |
|
|
| 1,731.86 |
| 4,720.34 |
| 79,010.53 |
|
|
| 98,028.09 |
| 0.00 |
| 153,773.74 |
|
|
| 120.48 |
| 0.00 |
| 736.27 |
|
|
| 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 |
|
|
| 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 |
| 265,223,558.17 |
| 60,154,608.22 |
| 44,628,634.40 |
|
Discount Rate |
| 5.500 | % | 5.500 | % | 5.500 | % |
Beginning Contract Value |
| 260,703,114.41 |
| 63,472,099.50 |
| 45,237,755.12 |
|
Scheduled Contract Value Decline |
| 12,114,747.53 |
| 8,031,120.21 |
| 3,365,426.47 |
|
Unscheduled Contract Value Decline |
| 562,201.20 |
| (266,011.79 | ) | 422,721.10 |
|
Additional Contract Value Added |
| 0.00 |
| 0.00 |
| 0.00 |
|
Ending Contract Value |
| 248,026,165.68 |
| 55,706,991.08 |
| 41,449,607.56 |
|
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) |
| 11/15/2004 |
|
|
| ||
Dated Date (act/360) |
| 11/15/2004 |
|
|
| ||
Scheduled Payment Date |
| 12/15/2004 |
|
|
| ||
Actual Payment Date |
| 12/15/2004 |
|
|
| ||
Days in accrual period (30/360) |
| 30 |
|
|
| ||
Days in accrual period (act/360) |
| 30 |
|
|
| ||
1 month LIBOR Rate |
| 2.1000 | % |
|
| ||
|
|
|
|
|
| ||
Collateral Summary |
|
|
|
|
| ||
Wtd. Average Discount Rate |
| 5.500 | % |
|
| ||
Beginning Contract Value |
| 369,412,969.03 |
|
|
| ||
Scheduled Contract Value Decline |
| 23,511,294.21 |
|
|
| ||
Unscheduled Contract Value Decline |
| 718,910.51 |
|
|
| ||
Additional Contract Value Purchased |
| 0.00 |
|
|
| ||
Ending Contract Value |
| 345,182,764.32 |
|
|
| ||
|
|
|
|
|
| ||
Beginning Pre-funding Account Balance |
| 0.00 |
|
|
| ||
Ending Pre-funding Account Balance |
| 0.00 |
|
|
| ||
|
|
|
|
|
| ||
Total Beginning Balance (Pool Balance + Pre-funding Account Balance) |
| 369,412,969.03 |
|
|
| ||
Total Ending Balance (Pool Balance + Pre-funding Account Balance) |
| 345,182,764.32 |
|
|
| ||
|
|
|
|
|
| ||
Collateral Performance |
|
|
|
|
| ||
Scheduled Amounts 30 - 59 days past due |
| $ | 809,487.51 |
| 0.23 | % | |
Scheduled Amounts 60 days or more past due |
| $ | 1,461,494.52 |
| 0.42 | % | |
Net Losses on Liquidated Receivables |
| $ | 116,813.84 |
| 0.03 | % | |
Cumulative Net Losses |
| $ | 3,719,230.48 |
|
|
| |
Number of Loans at Beginning of Period |
| 28,801 |
|
|
| ||
Number of Loans at End of Period |
| 28,095 |
|
|
| ||
Repossessed Equipment not Sold or Reassigned (Beginning) |
| $ | 489,764.59 |
|
|
| |
Repossessed Equipment not Sold or Reassigned (End) |
| $ | 506,864.18 |
|
|
| |
|
|
|
|
|
| ||
Collections and Reinvestment Income |
|
|
|
|
| ||
Receipts During the period |
| $ | 25,840,080.76 |
|
|
| |
|
|
|
|
|
| ||
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 |
| $ | 25,840,080.76 |
|
|
| |
|
|
|
|
|
| ||
Reinvestment Income (excluding Pre-funding Account) |
| $ | 61,220.79 |
|
|
| |
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 |
| $ | 25,901,301.55 |
|
|
| |
|
|
|
|
|
| ||
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 |
|
|
|
|
|
|
| 12/15/2004 |
| |||
|
|
|
|
|
|
|
|
|
| |||
Caclulation of Distributable Amounts |
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
| |||
Current Servicing Fee Due |
|
|
|
|
| 1.000 | % | $ | 307,844.14 |
| ||
Past Due Servicing Fee |
|
|
|
|
|
|
| $ | 0.00 |
| ||
Total Servicing Fee Due |
|
|
|
|
|
|
| $ | 307,844.14 |
| ||
|
|
|
|
|
|
|
|
|
| |||
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 |
|
|
|
|
|
|
| $ | 369,412,969.03 |
| ||
A-1 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-2 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 0.00 |
| ||
A-3 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 138,157,047.54 |
| ||
A-4 notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 186,250,000.00 |
| ||
B notes Beginning Principal balance |
|
|
|
|
|
|
| $ | 12,005,921.49 |
| ||
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 | % | $ | 265,952.32 |
| ||
A-4 notes Current Interest Due |
| Flt |
| 0.36000 | % | 3.16700 | % | $ | 381,812.50 |
| ||
B notes Current Interest Due |
| Fix |
| 4.12000 | % | 4.12000 | % | $ | 41,220.33 |
| ||
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 |
|
|
|
|
|
|
| $ | 265,952.32 |
| ||
A-4 notes Total Interest Due |
|
|
|
|
|
|
| $ | 381,812.50 |
| ||
B notes Total Interest Due |
|
|
|
|
|
|
| $ | 41,220.33 |
| ||
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 | % | $ | 13,873.27 |
| ||
A-4 Net Swap Payment Due |
|
|
|
|
| 2.80700 | % | $ | 109,732.29 |
| ||
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 |
|
|
|
|
|
|
| $ | 13,873.27 |
| ||
A-4 Total Net Swap Payment Due |
|
|
|
|
|
|
| $ | 109,732.29 |
| ||
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 |
|
|
|
|
|
|
| $ | 23,442,723.06 |
| ||
A-4 notes Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
| ||
Class B notes Principal Due |
|
|
|
|
|
|
| $ | 787,481.65 |
| ||
Certificate Principal Due |
|
|
|
|
|
|
| $ | 0.00 |
| ||
|
|
|
|
|
|
|
|
|
| |||
Total notes Interest Due |
|
|
|
|
|
|
| $ | 688,985.15 |
| ||
Total notes Principal Due |
|
|
|
|
|
|
| $ | 24,230,204.71 |
| ||
Net Swap/Termination Payment Due |
|
|
|
|
|
|
| $ | 123,605.56 |
| ||
Total notes Distributable Amount |
|
|
|
|
|
|
| $ | 25,042,795.42 |
| ||
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 |
| 12/15/2004 |
|
|
| |||||
|
|
|
|
|
| |||||
Cash Available for Distribution |
|
|
|
|
| |||||
Total Collections + Reinvestment Income For The Period |
| $ | 25,901,301.55 |
|
|
| ||||
|
|
|
|
|
| |||||
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 |
| $ | 25,901,301.55 |
|
|
| ||||
|
|
|
|
|
| |||||
|
|
|
| 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 |
|
|
| ||||
|
|
|
| $ | 25,901,301.55 |
| ||||
Administration Fee Paid |
| $ | 166.67 |
|
|
| ||||
Administration Fee Shortfall |
| $ | 0.00 |
|
|
| ||||
|
|
|
| $ | 25,901,134.88 |
| ||||
Net Swap Payment Paid |
| $ | 123,605.56 |
|
|
| ||||
Net Swap Payment Shortfall |
| $ | 0.00 |
|
|
| ||||
|
|
|
|
|
| |||||
Remaining Cash Available to Pay Note Interest & Swap Termination Payment |
|
|
| $ | 25,777,529.32 |
| ||||
|
|
|
|
|
| |||||
Cash Available to Pay Note Interest |
| $ | 25,777,529.32 |
|
|
| ||||
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 |
| $ | 265,952.32 |
|
|
| ||||
Class A-4 notes Interest Paid |
| $ | 381,812.50 |
|
|
| ||||
|
|
|
| $ | 25,129,764.50 |
| ||||
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 |
|
|
| ||||
|
|
|
| $ | 25,129,764.50 |
| ||||
Class B notes Interest Paid |
| $ | 41,220.33 |
|
|
| ||||
Class B notes Interest Shortfall |
| $ | 0.00 |
|
|
| ||||
|
|
|
| $ | 25,088,544.17 |
| ||||
Class A-1 notes Principal Paid |
| $ | 0.00 |
|
|
| ||||
Class A-2 notes Principal Paid |
| $ | 0.00 |
|
|
| ||||
Class A-3 notes Principal Paid |
| $ | 23,442,723.06 |
|
|
| ||||
Class A-4 notes Principal Paid |
| $ | 0.00 |
|
|
| ||||
Class B notes Principal Paid |
| $ | 787,481.65 |
|
|
| ||||
|
|
|
| $ | 858,339.46 |
| ||||
Deposits to Spread Account |
| $ | 0.00 |
|
|
| ||||
|
|
|
| $ | 858,339.46 |
| ||||
Certificate Interest Paid |
| $ | 113,300.00 |
|
|
| ||||
Certificate Interest Shortfall |
| $ | 0.00 |
|
|
| ||||
|
|
|
| $ | 745,039.46 |
| ||||
Certificate Principal Paid |
| $ | 0.00 |
|
|
| ||||
|
|
|
| $ | 745,039.46 |
| ||||
Total Principal Balance of Notes and Certificates (End of Period) |
| $ | 345,182,764.32 |
|
|
| ||||
A-1 notes Ending Principal balance |
| $ | 0.00 |
|
|
| ||||
A-2 notes Ending Principal balance |
| $ | 0.00 |
|
|
| ||||
A-3 notes Ending Principal balance |
| $ | 114,714,324.48 |
|
|
| ||||
A-4 notes Ending Principal balance |
| $ | 186,250,000.00 |
|
|
| ||||
B notes Ending Principal balance |
| $ | 11,218,439.84 |
|
|
| ||||
Certificate Ending Principal balance |
| $ | 33,000,000.00 |
|
|
| ||||
|
|
|
|
|
| |||||
Servicing Fee Paid (If CNH is the servicer) |
| $ | 307,844.14 |
|
|
| ||||
Servicing Fee Shortfall |
| $ | 0.00 |
|
|
| ||||
Release to Seller as Excess |
| $ | 437,195.32 |
| $ | 437,195.32 |
| |||
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 |
|
|
|
|
| 12/15/2004 |
|
|
|
|
| |||
|
|
|
|
|
|
|
|
|
|
|
| |||
|
|
|
|
|
| Amount |
| Factor |
| Per/$1000 |
| |||
Summary and Factors |
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and Certificates (Beginning of Period) |
|
|
|
|
| $ | 369,412,969.03 |
| 0.3358300 |
| $ | 335.83 |
| |
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 |
|
|
|
|
| $ | 138,157,047.54 |
| 0.4529739 |
| $ | 452.97 |
| |
A-4 notes Beginning Principal balance |
|
|
|
|
| $ | 186,250,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
B notes Beginning Principal balance |
|
|
|
|
| $ | 12,005,921.49 |
| 0.3358300 |
| $ | 335.83 |
| |
Certificate Beginning Principal balance |
|
|
|
|
| $ | 33,000,000.00 |
| 1.0000000 |
| $ | 1,000.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Total Principal Balance of Notes and |
|
|
|
|
| $ | 345,182,764.32 |
| 0.3138025 |
| $ | 313.80 |
| |
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 |
| $ | 114,714,324.48 |
| 0.3761125 |
| $ | 376.11 |
|
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 |
| $ | 11,218,439.84 |
| 0.3138025 |
| $ | 313.80 |
|
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 |
|
|
|
|
| $ | 265,952.32 |
| 0.0008720 |
| $ | 0.87 |
| |
Class A-4 notes Interest Paid |
|
|
|
|
| $ | 381,812.50 |
| 0.0020500 |
| $ | 2.05 |
| |
Class B notes Interest Paid |
|
|
|
|
| $ | 41,220.33 |
| 0.0011530 |
| $ | 1.15 |
| |
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 |
|
|
|
|
| $ | 23,442,723.06 |
| 0.0768614 |
| $ | 76.86 |
| |
Class A-4 notes Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
Class B notes Principal Paid |
|
|
|
|
| $ | 787,481.65 |
| 0.0220275 |
| $ | 22.03 |
| |
Certificate Principal Paid |
|
|
|
|
| $ | 0.00 |
| 0.0000000 |
| $ | 0.00 |
| |
|
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry Account |
|
|
|
|
|
|
|
|
|
|
| |||
Negitive Carry |
| 1.25000 | % | 11/19/2002 |
| 1.5203 | % |
|
|
|
| |||
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 | % | $ | 8,629,569.11 |
|
|
|
|
| ||
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 |
|
|
|
|
| $ | 745,206.13 |
|
|
|
|
| ||
5
