WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN SUPPLEMENT, SERIES 2000-1 SUPPLEMENT
CERTIFICATE DATE AS OF : January 16, 2001
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For Month of:
POOL BALANCE: December, 2000
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POOL BALANCE: Month of:
December , 2000
Pool Balance, beginning of month $ 844,070,519.72
Pool Balance, end of month $1,036,393,498.81
Pool Balance, average $ 953,925,896.73
Required Pool Balance, end of month $1,036,393,498.81
COLLECTIONS & SERIES ALLOCATIONS Month of:
December , 2000
Series Allocable Principal Collections
Series 1999-VFN $ 59,138,009.86
Series 2000-VFN $ 62,846,865.70
Series 2000-1 $ 294,579,981.51
$ 416,564,857.06
Series Allocable Non-Principal Collections
Series 1999-VFN $ 936,766.84
Series 2000-VFN $ 963,259.96
Series 2000-1 $ 4,513,728.29
$ 6,413,755.08
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $ -
$ -
Investment Proceeds
Series 1999-VFN $ 40,501.96
Series 2000-VFN $ 39,440.07
Series 2000-1 $ 195,402.45
$ 275,344.48
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
December , 2000
1999-VFN $ 0.00
Series 2000-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:
December , 2000
Series Allocation Percentages
Series 1999-VFN 8.08%
Series 2000-VFN 16.16%
Series 2000-1 75.75%
Floating Allocation Percentages
Series 1999-VFN 90.98%
Series 2000-VFN 90.98%
Series 2000-1 90.48%
Principal Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-VFN 0.00%
Series 2000-1 0.00%
ALLOCATIONS OF SERIES ALLOCABLE AMOUNTS WITHIN SERIES Month of:
December , 2000
Series 1999-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 53,915,489.05
Cert. Percentage minus Excess Cert. Percentage: $ 5,222,520.81
$ 59,138,009.86
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 852,879.32
Cert. Percentage minus Excess Cert. Percentage: $ 83,887.51
$ 936,766.84
Series 2000-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 57,289,747.33
Cert. Percentage minus Excess Cert. Percentage: $ 5,557,118.37
$ 62,846,865.70
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 876,982.34
Cert. Percentage minus Excess Cert. Percentage: $ 86,277.61
$ 963,259.96
Series 2000-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 267,076,766.94
Cert. Percentage minus Excess Cert. Percentage: $ 27,503,214.57
$ 294,579,981.51
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 4,087,142.14
Cert. Percentage minus Excess Cert. Percentage: $ 426,586.14
$ 4,513,728.29
Paid on:
MONTHLY DISTRIBUTIONS January 16, 2001
Principal Distributions to Investors
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 Class A $ -
Series 2000-1 Class B $ -
Principal Distributions to Investors - $ per thousand
Series 1999-VFN $ 0.00000000
Series 2000-VFN $ 0.00000000
Series 2000-1 Class A $ 0.00000000
Series 2000-1 Class B $ 0.00000000
Monthly Interest to Investors
Series 1999-VFN $ 926,113.79
Series 2000-VFN $ 289,278.08
Series 2000-1 Class A $ 3,930,551.11
Series 2000-1 Class B $ 343,680.00
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ 6.17409193
Series 2000-VFN $ 1.92852053
Series 2000-1 Class A $ 6.08444444
Series 2000-1 Class B $ 6.36444444
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 61,630.08
Series 2000-VFN $ 62,500.00
Series 2000-1 $ 575,169.94
Reserve Fund Deposit Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Investor Default Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Monthly Dilution Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Noteholder Charge-Off Reversal Amount
Series 1999-VFN $ 0.00
Series 2000-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-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:
January 16, 2001
Unrated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Previously waived servicing fee
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Collections Released to Cert. during Collection Period $ 417,065,033.61
Excess Distributed to Cert. on Payment Date $ 0.00
FUNDED AND INVESTED AMOUNTS: Last day of:
December , 2000
SERIES 1999-VFN SUPPLEMENT
Initial Funded Amount $ 600,000,000.00
Incremental Funded Amounts (Cumulative) $ 185,000,000.00
Principal Distributed to Investors (Cumulative) $ 635,000,000.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount $ 150,000,000.00
Series Excess Funding Amount $ 8,348,100.71
Principal Funding Account Balance $ 0.00
Invested Amount $ 141,651,899.29
SERIES 2000-VFN SUPPLEMENT
Initial Funded Amount $ 150,000,000.00
Incremental Funded Amounts (Cumulative) $ 0.00
Principal Distributed to Investors (Cumulative) $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount $ 150,000,000.00
Series Excess Funding Amount $ 8,348,100.71
Principal Funding Account Balance $ 0.00
Invested Amount $ 141,651,899.29
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 $ 39,169,530.51
Invested Amount $ 606,830,469.49
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:
January 16, 2001
Series 1999-VFN
Reserve Fund Balance $ 750,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance $ 150,000,000.00
Series 2000-VFN
Reserve Fund Balance $ 750,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance $ 150,000,000.00
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. December , 2000
Pool Total Components of Excess Receivables:
Used Vehicles $ 98,333,580.85
Finance Hold Receivables (for Credit Reasons Only) $ 9,138,801.50
Delayed Payment Program $ 635,271.25
Pool Limits on Components of Excess Receivables:
Used Vehicles $ 259,098,374.70
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 20,727,869.98
Total Excess Receivables $ 9,138,801.50
Overconcentration Amount $ 0.00
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 9,138,801.50
POOL SERIES SUBORDINATED AMOUNTS As of:
December 31, 2000
Series Incremental Subordinated Amount
Series 1999-VFN $ 1,767,047.54
Series 2000-VFN $ 1,767,047.54
Series 2000-1 $ 8,291,038.30
Required Subordinated Amount
Series 1999-VFN $ 13,252,336.68
Series 2000-VFN $ 13,252,336.68
Series 2000-1 $ 65,754,557.38
Available Subordinated Amount
Series 1999-VFN $ 13,252,336.68
Series 2000-VFN $ 13,252,336.68
Series 2000-1 $ 65,754,557.38
CHARGE OFFS For Month of:
December , 2000
Defaulted Receivables $ 0.00
Investor/Noteholder Defaulted Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Deficiency Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Required Draw Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Investor/Noteholder Charge-Off's
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
INTEREST AND PRINCIPAL SHORTFALLS (CUMULATIVE) As of:
January 16, 2001
Interest Shortfalls as of Current Payment Date
Series 1999-VFN $ 0.00
Series 2000-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-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-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-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:
January 16, 2001
Series 1999-VFN Estimated 6.1325000%
Series 2000-VFN Estimated 6.1325000%
Series 2000-1 Class A 6.0175000%
Series 2000-1 Class B 6.3325000%