WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN SUPPLEMENT, SERIES 2000-1 SUPPLEMENT
CERTIFICATE DATE AS OF : February 15, 2001
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For Month of:
POOL BALANCE: January, 2001
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POOL BALANCE: Month of:
January, 2001
Pool Balance, beginning of month $1,036,393,498.81
Pool Balance, end of month $1,021,483,052.14
Pool Balance, average $1,004,533,932.80
Required Pool Balance, end of month $1,021,483,052.14
COLLECTIONS & SERIES ALLOCATIONS Month of:
January , 2001
Series Allocable Principal Collections
Series 1999-VFN $ 82,457,164.33
Series 2000-VFN $ 82,457,164.33
Series 2000-1 $ 386,768,900.06
$ 551,683,228.72
Series Allocable Non-Principal Collections
Series 1999-VFN $ 1,129,337.35
Series 2000-VFN $ 1,129,337.35
Series 2000-1 $ 5,297,205.73
$ 7,555,880.42
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $ -
$ -
Investment Proceeds
Series 1999-VFN $ 53,917.67
Series 2000-VFN $ 54,254.95
Series 2000-1 $ 252,923.97
$ 361,096.59
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
January , 2001
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:
January , 2001
Series Allocation Percentages
Series 1999-VFN 14.95%
Series 2000-VFN 14.95%
Series 2000-1 70.11%
Floating Allocation Percentages
Series 1999-VFN 91.44%
Series 2000-VFN 91.44%
Series 2000-1 90.95%
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:
January , 2001
Series 1999-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 75,402,805.25
Cert. Percentage minus Excess Cert. Percentage: $ 7,054,359.08
$ 82,457,164.33
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 1,032,720.50
Cert. Percentage minus Excess Cert. Percentage: $ 96,616.85
$ 1,129,337.35
Series 2000-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 75,402,805.25
Cert. Percentage minus Excess Cert. Percentage: $ 7,054,359.08
$ 82,457,164.33
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 1,032,720.50
Cert. Percentage minus Excess Cert. Percentage: $ 96,616.85
$ 1,129,337.35
Series 2000-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 351,767,053.21
Cert. Percentage minus Excess Cert. Percentage: $ 35,001,846.85
$ 386,768,900.06
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 4,817,818.73
Cert. Percentage minus Excess Cert. Percentage: $ 479,387.00
$ 5,297,205.73
Paid on:
MONTHLY DISTRIBUTIONS February 15, 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 $ 832,249.01
Series 2000-VFN $ 862,470.92
Series 2000-1 Class A $ 3,239,420.83
Series 2000-1 Class B $ 284,962.50
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ 5.54832673
Series 2000-VFN $ 5.74980613
Series 2000-1 Class A $ 5.01458333
Series 2000-1 Class B $ 5.27708333
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 118,043.25
Series 2000-VFN $ 62,500.00
Series 2000-1 $ 550,692.06
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:
February 15, 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 $ 552,355,849.41
Excess Distributed to Cert. on Payment Date $ 1,294,017.74
FUNDED AND INVESTED AMOUNTS: Last day of:
January , 2001
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 $ 10,031,354.47
Principal Funding Account Balance $ 0.00
Invested Amount $ 139,968,645.53
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 $ 10,031,354.47
Principal Funding Account Balance $ 0.00
Invested Amount $ 139,968,645.53
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 $ 47,067,405.93
Invested Amount $ 598,932,594.07
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:
February 15, 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. January , 2001
Pool Total Components of Excess Receivables:
Used Vehicles $ 98,475,374.56
Finance Hold Receivables (for Credit Reasons Only) $ 6,916,357.20
Delayed Payment Program $ 215,378.01
Pool Limits on Components of Excess Receivables:
Used Vehicles $ 255,370,763.04
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 20,429,661.04
Total Excess Receivables $ 6,916,357.20
Overconcentration Amount $ 0.00
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 6,916,357.20
POOL SERIES SUBORDINATED AMOUNTS As of:
January 31, 2001
Series Incremental Subordinated Amount
Series 1999-VFN $ 1,365,624.91
Series 2000-VFN $ 1,365,624.91
Series 2000-1 $ 6,407,551.67
Required Subordinated Amount
Series 1999-VFN $ 12,714,434.01
Series 2000-VFN $ 12,714,434.01
Series 2000-1 $ 63,184,298.98
Available Subordinated Amount
Series 1999-VFN $ 12,714,434.01
Series 2000-VFN $ 12,714,434.01
Series 2000-1 $ 63,184,298.98
CHARGE OFFS For Month of:
January , 2001
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:
February 15, 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:
February 15, 2001
Series 1999-VFN Estimated 5.8187500%
Series 2000-VFN Estimated 5.8187500%
Series 2000-1 Class A 5.7037500%
Series 2000-1 Class B 6.0187500%