CREDIT SUISSE FIRST BOSTON | PAGE 1 |
AMERICAN HONDA FINANCE CORPORATION
Annual Statement to Certificateholder—Honda Auto Receivables 2005-1 Owner Trust
04/01/04 through 03/31/05
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I. ORIGINAL DEAL PARAMETER INPUTS | ![]() | |||||||||
(A) Total Portfolio Balance | ![]() | $1,352,890,312.71 | ![]() | |||||||
(B) Total Securities Balance | ![]() | $1,352,890,312.71 | ![]() | |||||||
(C) Class A-1 Notes | ![]() | |||||||||
(i) Class A-1 Notes Balance | ![]() | $288,000,000.00 | ![]() | |||||||
(ii) Class A-1 Notes Percentage (C(i)/B) | ![]() | 21.29% | ![]() | |||||||
(iii) Class A-1 Notes Rate | ![]() | 2.68600% | ![]() | |||||||
(iv) Class A-1 Notes Accrual Basis | ![]() | Actual/360 | ![]() | |||||||
(D) Class A-2 Notes | ![]() | |||||||||
(i) Class A-2 Notes Balance | ![]() | $307,000,000.00 | ![]() | |||||||
(ii) Class A-2 Notes Percentage (D(i)/B) | ![]() | 22.69% | ![]() | |||||||
(iii) Class A-2 Notes Rate | ![]() | 3.210% | ![]() | |||||||
(iv) Class A-2 Notes Accrual Basis | ![]() | 30/360 | ![]() | |||||||
(E) Class A-3 Notes | ![]() | |||||||||
(i) Class A-3 Notes Balance | ![]() | $415,000,000.00 | ![]() | |||||||
(ii) Class A-3 Notes Percentage (E(i)/B) | ![]() | 30.68% | ![]() | |||||||
(iii) Class A-3 Notes Rate | ![]() | 3.530% | ![]() | |||||||
(iv) Class A-3 Notes Accrual Basis | ![]() | 30/360 | ![]() | |||||||
(F) Class A-4 Notes | ![]() | |||||||||
(i) Class A-4 Notes Balance | ![]() | $298,900,000.00 | ![]() | |||||||
(ii) Class A-4 Notes Percentage (F(i)/B) | ![]() | 22.09% | ![]() | |||||||
(iii) Class A-4 Notes Rate | ![]() | 3.820% | ![]() | |||||||
(iv) Class A-4 Notes Accrual Basis | ![]() | 30/360 | ![]() | |||||||
(G) Certificates | ![]() | |||||||||
(i) Certificates Balance | ![]() | $43,990,312.71 | ![]() | |||||||
(ii) Certificates Percentage (G(i)/B) | ![]() | 3.25% | ![]() | |||||||
(iii) Certificates Rate | ![]() | 3.820% | ![]() | |||||||
(iv) Certificates Accrual Basis | ![]() | 30/360 | ![]() | |||||||
(H) Servicing Fee Rate | ![]() | 1.00% | ![]() | |||||||
(I) Portfolio Summary | ![]() | |||||||||
(i) Weighted Average Coupon (WAC) | ![]() | 5.02% | ![]() | |||||||
(ii) Weighted Average Original Maturity (WAOM) | ![]() | 58.33 | ![]() | months | ||||||
(iii) Weighted Average Remaining Maturity (WAM) | ![]() | 52.67 | ![]() | months | ||||||
(iv) Number of Receivables | ![]() | 83,437 | ![]() | |||||||
(J) Reserve Fund | ![]() | |||||||||
(i) Reserve Account Initial Deposit Percentage | ![]() | 0.50% | ![]() | |||||||
(ii) Reserve Account Initial Deposit | ![]() | $6,764,451.56 | ![]() | |||||||
(iii) Specified Reserve Account Percentage | ![]() | 0.75% | ![]() | |||||||
(iv) Specified Reserve Account Balance | ![]() | $10,146,677.35 | ![]() | |||||||
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(K) Yield Supplement Account Deposit | ![]() | $13,202,261.03 | ![]() | |||||||
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II. INPUTS FROM PREVIOUS MONTHLY SERVICER REPORTS | ![]() | |||||||||
(A) Total Portfolio Balance | ![]() | $1,352,890,312.71 | ![]() | |||||||
(B) Total Securities Balance | ![]() | $1,352,890,312.71 | ![]() | |||||||
(C) Cumulative Note and Certificate Pool Factor | ![]() | 1.0000000 | ![]() | |||||||
(D) Class A-1 Notes | ![]() | |||||||||
(i) Class A-1 Notes Balance | ![]() | $288,000,000.00 | ![]() | |||||||
(ii) Class A-1 Notes Pool Factor | ![]() | 1.0000000 | ![]() | |||||||
(iii) Class A-1 Notes Interest Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(iv) Class A-1 Notes Principal Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(E) Class A-2 Notes | ![]() | |||||||||
(i) Class A-2 Notes Balance | ![]() | $307,000,000.00 | ![]() | |||||||
(ii) Class A-2 Notes Pool Factor | ![]() | 1.0000000 | ![]() | |||||||
(iii) Class A-2 Notes Interest Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(iv) Class A-2 Notes Principal Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(F) Class A-3 Notes | ![]() | |||||||||
(i) Class A-3 Notes Balance | ![]() | $415,000,000.00 | ![]() | |||||||
(ii) Class A-3 Notes Pool Factor | ![]() | 1.0000000 | ![]() | |||||||
(iii) Class A-3 Notes Interest Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(iv) Class A-3 Notes Principal Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
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(G) Class A-4 Notes | ![]() | |||||||||
(i) Class A-4 Notes Balance | ![]() | $298,900,000.00 | ![]() | |||||||
(ii) Class A-4 Notes Pool Factor | ![]() | 1.0000000 | ![]() | |||||||
(iii) Class A-4 Notes Interest Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(iv) Class A-4 Notes Principal Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(H) Certificates | ![]() | |||||||||
(i) Certificates Balance | ![]() | $43,990,312.71 | ![]() | |||||||
(ii) Certificates Pool Factor | ![]() | 1.0000000 | ![]() | |||||||
(iii) Certificates Interest Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(iv) Certificates Principal Carryover Shortfall | ![]() | $0.00 | ![]() | |||||||
(I) Servicing Fee | ![]() | |||||||||
(i) Servicing Fee Shortfall | ![]() | $0.00 | ![]() | |||||||
(J) End of Prior Month Account Balances | ![]() | |||||||||
(i) Reserve Account | ![]() | $6,764,451.56 | ![]() | |||||||
(ii) Yield Supplement Account | ![]() | $13,202,261.03 | ![]() | |||||||
(iii) Payahead Account | ![]() | $0.00 | ![]() | |||||||
(iv) Advances Outstanding | ![]() | $0.00 | ![]() | |||||||
(K) Portfolio Summary as of End of Prior Year | ![]() | |||||||||
(i) Weighted Average Coupon (WAC) | ![]() | 5.02% | ![]() | |||||||
(ii) Weighted Average Remaining Maturity (WAM) | ![]() | 52.67 | ![]() | months | ||||||
(iii) Number of Receivables | ![]() | 83,437 | ![]() | |||||||
(L) Note and Certificate Percentages | ![]() | |||||||||
(i) Note Percentage | ![]() | 100.00% | ![]() | |||||||
(ii) Certificate Percentage | ![]() | 0.00% | ![]() | |||||||
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CREDIT SUISSE FIRST BOSTON | PAGE 2 |
AMERICAN HONDA FINANCE CORPORATION
Annual Statement to Certificateholder—Honda Auto Receivables 2005-1 Owner Trust
04/01/04 through 03/31/05
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III. INPUTS FROM THE MAINFRAME | ![]() | |||||||||
(A) Precomputed Contracts Principal | ![]() | |||||||||
(i) Scheduled Principal Collections | ![]() | $0.00 | ![]() | |||||||
(ii) Prepayments in Full | ![]() | $0.00 | ![]() | |||||||
(iii) Prepayments in Full due to Repurchases | ![]() | $0.00 | ![]() | |||||||
(B) Precomputed Contracts Total Collections | ![]() | $0.00 | ![]() | |||||||
(C) Precomputed Interest Receivables Interest (B-A((i)+(ii)+(iii))) | ![]() | $0.00 | ![]() | |||||||
(D) Simple Interest Receivables Principal | ![]() | |||||||||
(i) Principal Collections | ![]() | $76,781,827.48 | ![]() | |||||||
(ii) Prepayments in Full | ![]() | $37,098,073.44 | ![]() | |||||||
(iii) Repurchased Receivables Related to Principal | ![]() | $0.00 | ![]() | |||||||
(E) Simple Interest Receivables Interest | ![]() | |||||||||
(i) Simple Interest Collections | ![]() | $16,712,230.62 | ![]() | |||||||
(F) Payment Advance for Precomputes | ![]() | |||||||||
(i) Reimbursement of Previous Advances | ![]() | $0.00 | ![]() | |||||||
(ii) Current Advance Amount | ![]() | $0.00 | ![]() | |||||||
(G) Interest Advance for simple Interest - Net | ![]() | $330,989.14 | ![]() | |||||||
(H) Payahead Account | ![]() | |||||||||
(i) Payments Applied | ![]() | $0.00 | ![]() | |||||||
(ii) Additional Payaheads | ![]() | $0.00 | ![]() | |||||||
(I) Portfolio Summary as of End of Month | ![]() | |||||||||
(i) Weighted Average Coupon (WAC) | ![]() | 5.00% | ![]() | |||||||
(ii) Weighted Average Remaining Maturity (WAM) | ![]() | 49.59 | ![]() | months | ||||||
(iii) Remaining Number of Receivables | ![]() | 80,838 | ![]() | |||||||
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(J) Delinquent Receivables | ![]() | # Units | ![]() | Dollar Amount | ||||||||||||||
(i) 30-59 Days Delinquent | ![]() | 998 | ![]() | 1.23 | % | ![]() | $15,578,772.31 | ![]() | 1.26 | % | ||||||||
(ii) 60-89 Days Delinquent | ![]() | 96 | ![]() | 0.12 | % | ![]() | $1,403,105.10 | ![]() | 0.11 | % | ||||||||
(ii) 90 Days or More Delinquent | ![]() | 1 | ![]() | 0.00 | % | ![]() | $3,187.26 | ![]() | 0.00 | % | ||||||||
(K) Vehicles Repossessed During Collection Period | ![]() | 35 | ![]() | 0.04 | % | ![]() | $567,205.29 | ![]() | 0.05 | % | ||||||||
(L) Total Accumulated Repossessed Vehicles in Inventory | ![]() | 43 | ![]() | 0.05 | % | ![]() | $691,923.55 | ![]() | 0.06 | % | ||||||||
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IV. INPUTS DERIVED FROM OTHER SOURCES | ![]() | ||||||
(A) Collection Account Investment Income | ![]() | $0.00 | |||||
(B) Reserve Account Investment Income | ![]() | $38,791.23 | |||||
(C) Yield Supplement Account Investment Income | ![]() | $61,818.70 | |||||
(D) Trust Fees Expense | ![]() | $7,500.00 | |||||
(E) Aggregate Net Losses for Collection Period | ![]() | $42,854.61 | |||||
(F) Liquidated Receivables Information | ![]() | ||||||
(i) Gross Principal Balance on Liquidated Receivables | ![]() | $113,085.86 | |||||
(ii) Liquidation Proceeds | ![]() | $70,231.25 | |||||
(ii) Recoveries from Prior Month Charge Offs | ![]() | $0.00 | |||||
(G) Days in Accrual Period | ![]() | 92 | |||||
(H) Deal age | ![]() | 3 | |||||
COLLECTIONS | ![]() | ||||||
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V. INTEREST COLLECTIONS | ![]() | ||||||
(A) Total Interest Collections (III(C+E(i)+G) | ![]() | $17,043,219.76 | |||||
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VI. PRINCIPAL COLLECTIONS | ![]() | ||||||
(A)Principal Payments Received (III(A((i)+(ii))+(D(i)+(ii))) | ![]() | $113,879,900.92 | |||||
(B) Liquidation Proceeds (IV(H(i))) | ![]() | $70,231.25 | |||||
(C) Repurchased Loan Proceeds Related to Principal (III(A(iii)+D(iii))) | ![]() | $0.00 | |||||
(D) Recoveries from Prior Charge Offs (IV(H(ii))) | ![]() | $0.00 | |||||
(E) Total Principal Collections (A+B+C+D) | ![]() | 113,950,132.17 | |||||
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VII. TOTAL INTEREST AND PRINCIPAL COLLECTIONS (V(C)+VI(E)) | ![]() | 130,993,351.93 | |||||
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VIII. YIELD SUPPLEMENT DEPOSIT | ![]() | $1,791,323.20 | |||||
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IX. TOTAL AVAILABLE AMOUNT (VII+VIII) | ![]() | 132,784,675.13 | |||||
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DISTRIBUTIONS | ![]() | ||||||
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X. FEE DISTRIBUTIONS | ![]() | ||||||
(A) Servicing Fee | ![]() | ||||||
(i) Servicing Fee Due (I(H)/12)(II(B))+(II(H)(i)) | ![]() | $3,289,615.38 | |||||
(ii) Servicing Fee Paid | ![]() | 3,289,615.38 | |||||
(iii) Servicing Fee Shortfall | ![]() | $0.00 | |||||
(B) Reserve Account Investment Income (IV(B)) | ![]() | 38,791.23 | |||||
(C) Yield Supplement Account Investment Income (IV(C)) | ![]() | 61,818.70 | |||||
(D) Trust Fees Expense (IV(D)) | ![]() | 7,500.00 | |||||
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XI. DISTRIBUTIONS TO NOTEHOLDERS | ![]() | ||||||
(A) Interest | ![]() | ||||||
(i) Class A-1 Notes | ![]() | ||||||
(a) Class A-1 Notes Interest Due | ![]() | $1,731,103.47 | |||||
(b) Class A-1 Notes Interest Paid | ![]() | 1,731,103.47 | |||||
(c) Class A-1 Notes Interest Shortfall | ![]() | $0.00 | |||||
(ii) Class A-2 Notes | ![]() | ||||||
(a) Class A-2 Notes Interest Due | ![]() | $2,545,797.50 | |||||
(b) Class A-2 Notes Interest Paid | ![]() | 2,545,797.50 | |||||
(c) Class A-2 Notes Interest Shortfall | ![]() | $0.00 | |||||
(iii) Class A-3 Notes | ![]() | ||||||
(a) Class A-3 Notes Interest Due | ![]() | $3,784,454.17 | |||||
(b) Class A-3 Notes Interest Paid | ![]() | 3,784,454.17 | |||||
(c) Class A-3 Notes Interest Shortfall | ![]() | $0.00 | |||||
(iv) Class A-4 Notes | ![]() | ||||||
(a) Class A-4 Notes Interest Due | ![]() | $2,949,644.83 | |||||
(b) Class A-4 Notes Interest Paid | ![]() | 2,949,644.83 | |||||
(c) Class A-4 Notes Interest Shortfall | ![]() | $0.00 | |||||
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CREDIT SUISSE FIRST BOSTON | PAGE 3 |
AMERICAN HONDA FINANCE CORPORATION
Annual Statement to Certificateholder—Honda Auto Receivables 2005-1 Owner Trust
04/01/04 through 03/31/05
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(v) Total Note Interest | ![]() | |||||
(a) Total Note Interest Due | ![]() | $11,010,999.97 | ||||
(b) Total Note Interest Paid | ![]() | 11,010,999.97 | ||||
(c) Total Note Interest Shortfall | ![]() | $0.00 | ||||
(d) Reserve Fund Withdrawn for Note Interest | ![]() | $0.00 | ||||
Amount available for distributions after Fees & Interest (VIII-(IX(A)(ii)-(D))-X(A)(v)(b)) | ![]() | 118,476,559.78 | ||||
(B) Principal | ![]() | |||||
(i) Noteholders' Principal Distribution Amounts | ![]() | $113,992,986.78 | ||||
(ii) Class A-1 Notes Principal | ![]() | |||||
(a) Class A-1 Notes Principal Due | ![]() | 113,992,986.78 | ||||
(b) Class A-1 Notes Principal Paid | ![]() | 113,992,986.78 | ||||
(c) Class A-1 Notes Principal Shortfall | ![]() | $0.00 | ||||
(d) Reserve Fund drawn | ![]() | $0.00 | ||||
(iii) Class A-2 Notes Principal | ![]() | |||||
(a) Class A-2 Notes Principal Due | ![]() | $0.00 | ||||
(b) Class A-2 Notes Principal Paid | ![]() | 0.00 | ||||
(c) Class A-2 Notes Principal Shortfall | ![]() | $0.00 | ||||
(d) Reserve Fund drawn | ![]() | $0.00 | ||||
(iv) Class A-3 Notes Principal | ![]() | |||||
(a) Class A-3 Notes Principal Due | ![]() | $0.00 | ||||
(b) Class A-3 Notes Principal Paid | ![]() | 0.00 | ||||
(c) Class A-3 Notes Principal Shortfall | ![]() | $0.00 | ||||
(d) Reserve Fund drawn | ![]() | $0.00 | ||||
(v) Class A-4 Notes Principal | ![]() | |||||
(a) Class A-4 Notes Principal Due | ![]() | $0.00 | ||||
(b) Class A-4 Notes Principal Paid | ![]() | 0.00 | ||||
(c) Class A-4 Notes Principal Shortfall | ![]() | $0.00 | ||||
(d) Reserve Fund drawn | ![]() | $0.00 | ||||
(vi) Total Notes Principal | ![]() | |||||
(a) Total Notes Principal Due | ![]() | $113,992,986.78 | ||||
(b) Total Notes Principal Paid | ![]() | 113,992,986.78 | ||||
(c) Total Notes Principal Shortfall | ![]() | $0.00 | ||||
(d) Reserve Fund drawn | ![]() | $0.00 | ||||
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XII. RESERVE FUND DEPOSIT | ![]() | |||||
Amount available for deposit into reserve account | ![]() | $4,483,573.00 | ||||
Amount deposited into reserve account | ![]() | 3,382,225.79 | ||||
Excess Amount Released from Reserve Account | ![]() | 0.00 | ||||
Excess funds available to Certificateholders | ![]() | 1,101,347.21 | ||||
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XIII. DISTRIBUTIONS TO CERTIFICATEHOLDERS | ![]() | |||||
(A) Interest | ![]() | |||||
(i) Certificate Monthly Interest Due | ![]() | $435,539.13 | ||||
(ii) Certificate Interest Shortfall Beginning Balance | ![]() | $448,605.01 | ||||
(iii) Total Certificate Interest Due | ![]() | $884,144.14 | ||||
(iv) Certificate Interest Paid | ![]() | 435,539.13 | ||||
(v) Certificate Interest Shortfall Ending Balance | ![]() | $0.00 | ||||
(B) Principal | ![]() | |||||
(i) Certificate Monthly Principal Due | ![]() | $0.00 | ||||
(ii) Certificate Principal Shortfall Beginning Balance | ![]() | $0.00 | ||||
(iii) Total Certificate Principal Due | ![]() | $0.00 | ||||
(iv) Certificate Principal Paid | ![]() | 0.00 | ||||
(v) Certificate Principal Shortfall Ending Balance | ![]() | $0.00 | ||||
(C) Release to Seller | ![]() | $665,808.08 | ||||
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DISTRIBUTIONS SUMMARY | ![]() | ||||||
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(A) Total Collections | ![]() | $132,784,675.13 | |||||
(B) Service Fee | ![]() | $3,289,615.38 | |||||
(C) Trustee Fees | ![]() | 7,500.00 | |||||
(D) Class A1 Amount | ![]() | $115,724,090.25 | |||||
(E) Class A2 Amount | ![]() | $2,545,797.50 | |||||
(F) Class A3 Amount | ![]() | $3,784,454.17 | |||||
(G) Class A4 Amount | ![]() | $2,949,644.83 | |||||
(H) Amount Deposited into Reserve Account | ![]() | $3,382,225.79 | |||||
(I) Certificateholders | ![]() | $435,539.13 | |||||
(J) Release to seller | ![]() | $665,808.08 | |||||
(K) Total amount distributed | ![]() | $132,784,675.13 | |||||
(L) Amount of Draw from Reserve Account | ![]() | 0.00 | |||||
(M) Excess Amount Released from Reserve Account | ![]() | 0.00 | |||||
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PORTFOLIO AND SECURITY SUMMARY | ![]() | ||||||||||||||||||
XIV. POOL BALANCES AND PORTFOLIO INFORMATION | ![]() | Beginning of Period | ![]() | ![]() | End of Period | ![]() | |||||||||||||
(A) Balances and Principal Factors | ![]() | ||||||||||||||||||
(i) Aggregate Balance of Notes | ![]() | $1,308,900,000.00 | ![]() | ![]() | $1,194,907,013.22 | ![]() | |||||||||||||
(ii) Note Pool Factor | ![]() | 1.0000000 | ![]() | ![]() | 0.9129093 | ![]() | |||||||||||||
(iii) Class A-1 Notes Balance | ![]() | 288,000,000.00 | ![]() | ![]() | 174,007,013.22 | ![]() | |||||||||||||
(iv) Class A-1 Notes Pool Factor | ![]() | 1.0000000 | ![]() | ![]() | 0.6041910 | ![]() | |||||||||||||
(v) Class A-2 Notes Balance | ![]() | 307,000,000.00 | ![]() | ![]() | 307,000,000.00 | ![]() | |||||||||||||
(vi) Class A-2 Notes Pool Factor | ![]() | 1.0000000 | ![]() | ![]() | 1.0000000 | ![]() | |||||||||||||
(vii) Class A-3 Notes Balance | ![]() | 415,000,000.00 | ![]() | ![]() | 415,000,000.00 | ![]() | |||||||||||||
(viii) Class A-3 Notes Pool Factor | ![]() | 1.0000000 | ![]() | ![]() | 1.0000000 | ![]() | |||||||||||||
(ix) Class A-4 Notes Balance | ![]() | 298,900,000.00 | ![]() | ![]() | 298,900,000.00 | ![]() | |||||||||||||
(x) Class A-4 Notes Pool Factor | ![]() | 1.0000000 | ![]() | ![]() | 1.0000000 | ![]() | |||||||||||||
(xi) Certificates Balance | ![]() | 43,990,312.71 | ![]() | ![]() | 43,990,312.71 | ![]() | |||||||||||||
(xii) Certificates Pool Factor | ![]() | 1.0000000 | ![]() | ![]() | 1.0000000 | ![]() | |||||||||||||
(xiii) Total Principal Balance of Notes and Certificates | ![]() | 1,352,890,312.71 | ![]() | ![]() | 1,238,897,325.93 | ![]() | |||||||||||||
(B) Portfolio Information | ![]() | ||||||||||||||||||
(i) Weighted Average Coupon (WAC) | ![]() | 5.02% | ![]() | ![]() | 5.00% | ![]() | |||||||||||||
(ii) Weighted Average Remaining Maturity (WAM) | ![]() | 52.67 | ![]() | months | ![]() | 49.59 | ![]() | months | |||||||||||
(iii) Remaining Number of Receivables | ![]() | 83,437 | ![]() | ![]() | 80,838 | ![]() | |||||||||||||
(iv) Portfolio Receivable Balance | ![]() | $1,352,890,312.71 | ![]() | ![]() | $1,238,897,325.93 | ![]() | |||||||||||||
(C) Outstanding Advance Amount | ![]() | $0.00 | ![]() | ![]() | $330,989.14 | ![]() | |||||||||||||
(D) Outstanding Payahead Balance | ![]() | $0.00 | ![]() | ![]() | $0.00 | ![]() | |||||||||||||
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CREDIT SUISSE FIRST BOSTON | PAGE 4 |
AMERICAN HONDA FINANCE CORPORATION
Annual Statement to Certificateholder—Honda Auto Receivables 2005-1 Owner Trust
04/01/04 through 03/31/05
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SUMMARY OF ACCOUNTS | ![]() | ||||||
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XV. RECONCILIATION OF RESERVE ACCOUNT | ![]() | ||||||
(A) Beginning Reserve Account Balance | ![]() | $6,764,451.56 | |||||
(B) Draws | ![]() | 0.00 | |||||
(i) Draw for Servicing Fee | ![]() | 0.00 | |||||
(ii) Draw for Interest | ![]() | 0.00 | |||||
(iii) Draw for Realized Losses | ![]() | 0.00 | |||||
(C) Excess Interest Deposited into the Reserve Account | ![]() | 3,382,225.79 | |||||
(D) Reserve Account Balance Prior to Release | ![]() | 10,146,677.35 | |||||
(E) Reserve Account Required Amount | ![]() | 10,146,677.35 | |||||
(F) Final Reserve Account Required Amount | ![]() | 10,146,677.35 | |||||
(G) Excess Reserve Account Amount | ![]() | 0.00 | |||||
(H) Release of Reserve Account Balance to Seller | ![]() | 10,146,677.35 | |||||
(I) Ending Reserve Account Balance | ![]() | ||||||
XVI. RECONCILIATION OF YIELD SUPPLEMENT ACCOUNT | ![]() | ||||||
(A) Beginning Yield Supplement Account Balance | ![]() | 13,202,261.03 | |||||
(B) Investment Earnings | ![]() | 61,818.70 | |||||
(C) Investment Earnings Withdraw | ![]() | 61,818.70 | |||||
(D) Additional Yield Supplement Amounts | ![]() | 0.00 | |||||
(E) Yield Supplement Deposit Amount | ![]() | 1,791,323.20 | |||||
(F) Release of Yield Deposit Account Balance to Seller | ![]() | 0.00 | |||||
(G) Ending Yield Supplement Account Balance | ![]() | 11,410,937.83 | |||||
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XVII. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY | ![]() | ||||||
(A) Liquidated Contracts | ![]() | ||||||
(i) Liquidation Proceeds | ![]() | $70,231.25 | |||||
(ii) Recoveries on Previously Liquidated Contracts | ![]() | 0.00 | |||||
(B) Aggregate Net Losses for Collection Period | ![]() | 42,854.61 | |||||
(C) Net Loss Rate for Collection Period (annualized) | ![]() | 0.00% | |||||
(D) Cumulative Net Losses for all Periods | ![]() | $42,854.61 | |||||
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(E) Delinquent Receivables | ![]() | # Units | ![]() | Dollar Amount | ||||||||||||||
(i) 30-59 Days Delinquent | ![]() | 998 | ![]() | 1.23 | % | ![]() | $15,578,772.31 | ![]() | 1.26 | % | ||||||||
(ii) 60-89 Days Delinquent | ![]() | 96 | ![]() | 0.12 | % | ![]() | $1,403,105.10 | ![]() | 0.11 | % | ||||||||
(ii) 90 Days or More Delinquent | ![]() | 1 | ![]() | 0.00 | % | ![]() | $3,187.26 | ![]() | 0.00 | % | ||||||||
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XVIII. REPOSSESSION ACTIVITY | ![]() | # Units | ![]() | Dollar Amount | ||||||||||||||
(A) Vehicles Repossessed During Collection Period | ![]() | 35 | ![]() | 0.04 | % | ![]() | $567,205.29 | ![]() | 0.05 | % | ||||||||
(B) Total Accumulated Repossessed Vehicles in Inventory | ![]() | 43 | ![]() | 0.05 | % | ![]() | $691,923.55 | ![]() | 0.06 | % | ||||||||
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XIX. TESTS FOR INCREASE IN SPECIFIED RESERVE ACCOUNT BALANCE | ![]() | ||||||
(A) Ratio of Net Losses to the Pool Balance as of Each Collection Period | ![]() | ||||||
(i) Second Preceding Collection Period | ![]() | 0.00% | |||||
(ii) Preceding Collection Period | ![]() | 0.00% | |||||
(iii) Current Collection Period | ![]() | 0.04% | |||||
(iv) Three Month Average (Avg(i,ii,iii)) | ![]() | 0.01% | |||||
(B) Ratio of Balance of Contracts Delinquent 60 Days or More to the Outstanding Balance of Receivables. | ![]() | ||||||
(i) Second Preceding Collection Period | ![]() | 0.01% | |||||
(ii) Preceding Collection Period | ![]() | 0.02% | |||||
(iii) Current Collection Period | ![]() | 0.17% | |||||
(iv) Three Month Average (Avg(i,ii,iii)) | ![]() | 0.07% | |||||
(C) Loss and Delinquency Trigger Indicator | ![]() | Trigger was not hit. | |||||
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I hereby certify that the servicing report provided is true and accurate to the best of my knowledge.
By: /s/ John Weisickle
Mr. John Weisickle
Vice President