EXHIBIT 99.2
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939
OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE
CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY
OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) X
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BANK ONE, NATIONAL ASSOCIATION
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(Exact name of trustee as specified in its charter)
A National Banking Association 36-0899825
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(I.R.S. employer
identification number)
1 Bank One Plaza, Chicago, Illinois 60670-0126
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(Address of principal executive offices) (Zip Code)
Bank One, National Association
1 Bank One Plaza, Suite IL1-0120
Chicago, Illinois 60670-0120
Attn: Steven M. Wagner, (312) 732-3163
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(Name, address and telephone number of agent for service)
Capital Auto Receivables Asset Trust 2002-2
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(Exact name of obligor as specified in its charter)
Delaware Pending
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(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification number)
c/o Bankers Trust (Delaware), as Owner Trustee
1011 Centre Road
Suite 200
Wilmington, Delaware 19805
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(Address of principal executive offices) (Zip Code)
Capital Auto Receivables Asset Trust 2002-2 Asset Backed Notes, Class A
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(Title of Indenture Securities)
Item 1. General Information. Furnish the following information as to the
trustee:
(a) Name and address of each examining or supervising authority to
which it is subject.
Comptroller of Currency, Washington, D.C.;
Federal Deposit Insurance Corporation,
Washington, D.C.; The Board of Governors of
the Federal Reserve System, Washington D.C..
(b) Whether it is authorized to exercise corporate trust powers.
The trustee is authorized to exercise corporate trust powers.
Item 2. Affiliations With the Obligor. If the obligor is an affiliate of the
trustee, describe each such affiliation.
No such affiliation exists with the trustee.
Item 16. List of exhibits. List below all exhibits filed as a part
of this Statement of Eligibility.
1. A copy of the articles of association of the trustee now in
effect.*
2. A copy of the certificates of authority of the trustee to
commence business.*
3. A copy of the authorization of the trustee to exercise corporate
trust powers.*
4. A copy of the existing by-laws of the trustee.*
5. Not Applicable.
6. The consent of the trustee required by Section 321(b) of the Act.
7. A copy of the latest report of condition of the trustee published
pursuant to law or the requirements of its supervising or
examining authority.
8. Not Applicable.
9. Not Applicable.
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the trustee, Bank One, National Association, a national banking
association organized and existing under the laws of the United States of
America, has duly caused this Statement of Eligibility to be signed on its
behalf by the undersigned, thereunto duly authorized, all in the City of
Chicago and State of Illinois, on the 19th day of April, 2002.
Bank One, National Association,
Trustee
By /s/ Steven M. Wagner
Steven M. Wagner
First Vice President
* Exhibits 1, 2, 3, and 4 are herein incorporated by reference to Exhibits
bearing identical numbers in Item 16 of the Form T-1 of Bank One, National
Association, filed as Exhibit 25 to the Registration Statement on Form S-3 of
Household Finance Corporation filed with the Securities and Exchange Commission
on March 24, 2000 (Registration No. 333-33240).
EXHIBIT 6
THE CONSENT OF THE TRUSTEE REQUIRED
BY SECTION 321(b) OF THE ACT
April 19, 2002
Securities and Exchange Commission
Washington, D.C. 20549
Gentlemen:
In connection with the qualification of an indenture between Capital Auto
Receivables Asset Trust 2002-2 and Bank One, National Association, as Trustee,
the undersigned, in accordance with Section 321(b) of the Trust Indenture Act of
1939, as amended, hereby consents that the reports of examinations of the
undersigned, made by Federal or State authorities authorized to make such
examinations, may be furnished by such authorities to the Securities and
Exchange Commission upon its request therefor.
Very truly yours,
Bank One, National Association
By: /s/ Steven M. Wagner
Steven M. Wagner
First Vice President
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EXHIBIT 7
Legal Title of Bank: Bank One, NA Call Date: 12/31/01 FFIEC 031
Address: 1 Bank One Plaza, Ste 0303 Page RC-1
City, State Zip: Chicago, IL 60670
FDIC Certificate No.: 0/3/6/1/8
Consolidated Report of Condition for Insured Commercial
and State-Chartered Savings Banks for December 31, 2001
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding of the last business day of the
quarter.
Schedule RC--Balance Sheet
Dollar Amounts in thousands C400
RCFD BIL MIL THOU
ASSETS
1. Cash and balances due from depository institutions (from Schedule
RC-A): RCFD
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a. Noninterest-bearing balances and currency and coin(1) ....... 0081 12,684,893 1.a
b. Interest-bearing balances(2)........................................ 0071 953,557 1.b
2. Securities
a. Held-to-maturity securities(from Schedule RC-B, column A)........... 1754 0 2.a
b. Available-for-sale securities (from Schedule RC-B, column D)........ 1773 35,870,041 2.b
3. Federal funds sold and securities purchased under agreements to
resell 1350 20,257,107 3.
4. Loans and lease financing receivables (from Schedule RC-C):
a. Loans and leases held for sale...................................... 5369 473,360 4.a
b. Loans and leases, net of unearned income ......................... B528 83,166,314 4.b
c. LESS: Allowance for loan and lease losses ......................... 3123 2,209,028 4.c
d. Loans and leases, net of unearned income and allowance
(item 4.b minus 4.c) ......................... B529 80,957,286 4.d
5. Trading assets (from Schedule RD-D).................................... 3545 3,543,926 5.
6. Premises and fixed assets (including capitalized leases)............... 2145 880,464 6.
7. Other real estate owned (from Schedule RC-M)........................... 2150 26,445 7.
8. Investments in unconsolidated subsidiaries and associated
companies (from Schedule RC-M)......................................... 2130 266,554 8.
9. Customers' liability to this bank on acceptances outstanding........... 2155 208,471 9.
10.Intangible assets......................................................
a. Goodwill .................................... 3163 448,690 10.a
b. Other intangible assets (from Schedule RC-M)........................ 0426 3,627 10.b
11.Other assets (from Schedule RC-F)...................................... 2160 4,448,151 11.
12.Total assets (sum of items 1 through 11)............................... 2170 161,022,572 12.
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(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
Legal Title of Bank: Bank One, NA Call Date: 12/31/01 ST-BK: FFIEC 031
Address: 1 Bank One Plaza, Ste 0303 Page RC-2
City, State Zip: Chicago, IL 60670
FDIC Certificate No.: 0/3/6/1/8
Schedule RC-Continued
Dollar Amounts in
Thousands
LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of columns A and C RCON
from Schedule RC-E, part 1).......................................... 2200 81,019,724 13.a
(1) Noninterest-bearing(1)........................................... 6631 34,308,625 13.a1
(2) Interest-bearing................................................. 6636 46,711,099 13.a2
b. In foreign offices, Edge and Agreement subsidiaries, and RCFN
IBFs (from Schedule RC-E, part II)................................... 2200 26,357,544 13.b
(1) Noninterest bearing.............................................. 6631 640,616 13.b1
(2) Interest-bearing................................................. 6636 25,716,928 13.b2
14. Federal funds purchased and securities sold under agreements
to repurchase:.......................................................... RCFD 2800 8,206,199 14
15. Trading liabilities (from Schedule RC-D................................. RCFD 3548 3,131,852 15
16. Other borrowed money (includes mortgage indebtedness and
and obligations under capitalized leases)(from Schedule RC-M):.......... RCFD 3190 21,671,080 16
17. Not applicable
18. Bank's liability on acceptance executed and outstanding................. 2920 208,471 18.
19. Subordinated notes and debentures....................................... 3200 4,000,516 19.
20. Other liabilities (from Schedule RC-G).................................. 2930 5,388,964 20.
21. Total liabilities (sum of items 13 through 20).......................... 2948 149,982,150 21.
22. Minority interest in consolidated subsidiaries.......................... 3000 50,200 22.
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus........................... 3838 0 23.
24. Common stock............................................................ 3230 200,858 24.
25. Surplus (exclude all surplus related to preferred stock)................ 3839 6,661,081 25.
26. a. Retained earnings.................................................... 3632 4,134,252 26.a
b. Accumulated other comprehensive income (3)........................... B530 (5,969) 26.b
27. Other equity capital components (4)..................................... A130 0 27.
28. Total equity capital (sum of items 23 through 27)....................... 3210 10,990,222 28.
29. Total liabilities, minority interest, and equity capital
(sum of items 21, 22, and 28)........................................... 3300 161,022,572 29.
Memorandum
To be reported only with the March Report of Condition.
1. Indicate in the box at the right the number of the statement below
that best describes the most comprehensive level of auditing work
performed for the bank by independent external Number
auditors as of any date during 1996..................................... RCFD 6724............................ 2 M.1
1 = Independent audit of the bank conducted in accordance 5. = Directors' examination of the bank performed by
with generally accepted auditing standards by a certified other external auditors (may be required by
public accounting firm which submits a report on the bank state chartering authority)
2 = Independent audit of the bank's parent holding company 6 = Review of the bank's financial statements by
conducted in accordance with generally accepted auditing external auditors
standards by a certified public accounting firm which 7 = Compilation of the bank's financial statements
submits a report on the consolidated holding company by exgernal auditors
(but not on the bank separately) 8 = Other audit procedures (excluding tax
3 = Attestation on bank management's assertion on the effectiveness preparation work)
of the bank's internal controls over financial reporting by a 9 = No external audit work
certified public accounting firm.
4 = Directors' examination of the bank conducted in accordance with
generally accepted auditing standards by a certified public accounting
firm (may be required by state chartering authority)
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(1) Includes total demand deposits and noninterest-bearing time and savings deposits.
(2) Includes limited-life preferred stock and related surplus.
(3) Includes net unrealized holding gains (losses) on available-for-sale
securities, accumulated net gains (losses) on cash flow hedges,
cumulative foreign currency translation adjustments, and minimum
pension liability adjustments.
(4) Includes treasury stock and unearned Employee Stock Ownership Plan shares.