WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN SUPPLEMENT, SERIES 2000-1 SUPPLEMENT
CERTIFICATE DATE AS OF : December 15, 2000
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For Month of:
POOL BALANCE: Noember, 2000
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Pool Balance, beginning of month $775,418,493.16
Pool Balance, end of month $844,070,519.72
Pool Balance, average $813,061,955.86
Required Pool Balance, end of month $844,070,519.72
COLLECTIONS & SERIES ALLOCATIONS Month of:
November , 2000
Series Allocable Principal Collections
Series 1999-VFN $ 10,681,444.86
Series 2000-1 $441,653,718.80
$452,335,163.66
Series Allocable Non-Principal Collections
Series 1999-VFN $ 76.25
Series 2000-1 $ 6,118,342.22
$ 6,118,418.47
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2000-1 $ -
$ -
Investment Proceeds
Series 1999-VFN $ 5,590.62
Series 2000-1 $ 92,606.85
$ 98,197.47
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
November , 2000
1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
ALLOCATION PERCENTAGES FOR COLLECTION PERIOD First day of:
November , 2000
Series Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-1 100.00%
Floating Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-1 89.52%
Principal Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-1 0.00%
ALLOCATIONS OF SERIES ALLOCABLE AMOUNTS WITHIN SERIES Month of:
November , 2000
Series 1999-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 538.97
Floating Allocation Percentage: $ 9,717,773.07
Cert. Percentage minus Excess Cert. Percentage: $ 963,132.82
$ 10,681,444.86
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 69.37
Cert. Percentage minus Excess Cert. Percentage: $ 6.88
$ 76.25
Series 2000-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 177,936.10
Floating Allocation Percentage: $396,327,312.65
Cert. Percentage minus Excess Cert. Percentage: $ 45,148,470.05
$441,653,718.80
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 3,097.66
Floating Allocation Percentage: $ 5,476,976.76
Cert. Percentage minus Excess Cert. Percentage: $ 638,267.80
$ 6,118,342.22
Paid on:
MONTHLY DISTRIBUTIONS December 15, 2000
Principal Distributions to Investors
Series 1999-VFN $ -
Series 2000-1 Class A $ -
Series 2000-1 Class B $ -
Principal Distributions to Investors - $ per thousand
Series 1999-VFN $ 0.00000000
Series 2000-1 Class A $ 0.00000000
Series 2000-1 Class B $ 0.00000000
Monthly Interest to Investors
Series 1999-VFN $ 387,522.62
Series 2000-1 Class A $ 3,636,441.67
Series 2000-1 Class B $ 318,150.00
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ 5.16696827
Series 2000-1 Class A $ 5.62916667
Series 2000-1 Class B $ 5.89166667
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 0.00
Series 2000-1 $ 578,444.23
Reserve Fund Deposit Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Investor Default Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Monthly Dilution Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Noteholder Charge-Off Reversal Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Investor Default Amount and Monthly Dilution Amount Not Previously Reinstated
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Carry-Over Amount
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
MONTHLY DISTRIBUTIONS (Cont.) Paid on:
December 15, 2000
Unrated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Previously waived servicing fee
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Collections Released to Cert. during Collection Period $452,926,944.24
Excess Distributed to Cert. on Payment Date $ 704,276.85
FUNDED AND INVESTED AMOUNTS: Last day of:
November , 2000
SERIES 1999-VFN SUPPLEMENT
Initial Funded Amount $600,000,000.00
Incremental Funded Amounts (Cumulative) $110,000,000.00
Principal Distributed to Investors (Cumulative) $635,000,000.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount $ 75,000,000.00
Series Excess Funding Amount $ 1,043,905.68
Principal Funding Account Balance $ 0.00
Invested Amount $ 73,956,094.32
SERIES 2000-1 SUPPLEMENT CLASS A
Initial Invested Amount $646,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 9,796,071.46
Invested Amount $636,203,928.54
SERIES 2000-1 SUPPLEMENT CLASS B
Initial Invested Amount $ 54,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 0.00
Invested Amount $ 54,000,000.00
BALANCES AS OF PAYMENT DATE As of:
December 15, 2000
Series 1999-VFN
Reserve Fund Balance $ 375,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance $ 75,000,000.00
Series 2000-1
Reserve Fund Balance $ 3,500,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance, Class A $646,000,000.00
Outstanding Principal Balance, Class B $ 54,000,000.00
TRUST INCREMENTAL SUBORDINATED AMOUNT Last day of:
To be used in the following month's computations. November , 2000
Pool Total Components of Excess Receivables:
Used Vehicles $ 89,334,067.08
Finance Hold Receivables (for Credit Reasons Only) $ 7,973,810.50
Delayed Payment Program $ 836,414.00
Pool Limits on Components of Excess Receivables:
Used Vehicles $211,017,629.93
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 16,881,410.39
Total Excess Receivables $ 7,973,810.50
Overconcentration Amount $ 3,851,322.89
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 11,825,133.39
POOL SERIES SUBORDINATED AMOUNTS As of:
November 30, 2000
Series Incremental Subordinated Amount
Series 1999-VFN $ 1,334,132.52
Series 2000-1 $ 12,519,576.89
Required Subordinated Amount
Series 1999-VFN $ 7,330,572.60
Series 2000-1 $ 72,537,309.80
Available Subordinated Amount
Series 1999-VFN $ 7,330,572.60
Series 2000-1 $ 72,537,309.80
CHARGE OFFS For Month of:
November , 2000
Defaulted Receivables $ 0.00
Investor/Noteholder Defaulted Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Deficiency Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Required Draw Amount
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
Investor/Noteholder Charge-Off's
Series 1999-VFN $ 0.00
Series 2000-1 $ 0.00
INTEREST AND PRINCIPAL SHORTFALLS (CUMULATIVE) As of:
December 15, 2000
Interest Shortfalls as of Current Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Change in Interest Shortfalls from Previous Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Principal Shortfalls as of Current Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Change in Principal Shortfalls from Previous Payment Date
Series 1999-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
INTEREST RATE FOR NEXT PAYMENT DATE As of:
December 15, 2000
1999-VFN Estimated 6.9600000%
Series 2000-1 Class A 6.8450000%
Series 2000-1 Class B 7.1600000%