WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN SUPPLEMENT, SERIES 2000-1 SUPPLEMENT
CERTIFICATE DATE AS OF : March 15, 2001
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For Month of:
POOL BALANCE: February, 2001
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Pool Balance, beginning of month $1,021,483,052.14
Pool Balance, end of month $1,027,028,267.15
Pool Balance, average $1,020,875,867.88
Required Pool Balance, end of month $1,027,028,267.15
COLLECTIONS & SERIES ALLOCATIONS Month of:
February , 2001
Series Allocable Principal Collections
Series 1999-VFN $ 56,587,467.90
Series 2000-VFN $ 57,716,922.31
Series 2000-1 $ 264,945,220.48
Series 2001-1 $ 113,547,951.64
$ 492,797,562.33
Series Allocable Non-Principal Collections
Series 1999-VFN $ 861,482.48
Series 2000-VFN $ 878,677.19
Series 2000-1 $ 4,033,501.99
Series 2001-1 $ 1,728,643.71
$ 7,502,305.37
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $ -
Series 2001-1 $ -
$ -
Investment Proceeds
Series 1999-VFN $ 43,919.30
Series 2000-VFN $ 43,985.78
Series 2000-1 $ 207,027.51
Series 2001-1 $ 80,643.57
$ 375,576.17
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
February , 2001
1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
ALLOCATION PERCENTAGES FOR COLLECTION PERIOD First day of:
February , 2001
Series Allocation Percentages
Series 1999-VFN 11.48%
Series 2000-VFN 11.71%
Series 2000-1 53.76%
Series 2001-1 23.04%
Floating Allocation Percentages
Series 1999-VFN 91.68%
Series 2000-VFN 88.69%
Series 2000-1 91.18%
Series 2001-1 91.18%
Principal Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-VFN 0.00%
Series 2000-1 0.00%
Series 2001-1 0.00%
ALLOCATIONS OF SERIES ALLOCABLE AMOUNTS WITHIN SERIES Month of:
February , 2001
Series 1999-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 51,876,603.39
Cert. Percentage minus Excess Cert. Percentage: $ 4,710,864.50
$ 56,587,467.90
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 789,764.70
Cert. Percentage minus Excess Cert. Percentage: $ 71,717.77
$ 861,482.48
Series 2000-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 51,189,841.06
Cert. Percentage minus Excess Cert. Percentage: $ 6,527,081.26
$ 57,716,922.31
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 779,309.50
Cert. Percentage minus Excess Cert. Percentage: $ 99,367.69
$ 878,677.19
Series 2000-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 241,571,182.25
Cert. Percentage minus Excess Cert. Percentage: $ 23,374,038.23
$ 264,945,220.48
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 3,677,657.76
Cert. Percentage minus Excess Cert. Percentage: $ 355,844.24
$ 4,033,501.99
Series 2001-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 103,530,506.68
Cert. Percentage minus Excess Cert. Percentage: $ 10,017,444.96
$ 113,547,951.64
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 1,576,139.04
Cert. Percentage minus Excess Cert. Percentage: $ 152,504.67
$ 1,728,643.71
Paid on:
MONTHLY DISTRIBUTIONS March 15, 2001
Principal Distributions to Investors
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 Class A $ -
Series 2000-1 Class B $ -
Series 2001-1 Class A $ -
Series 2001-1 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
Series 2001-1 Class A $ 0.00000000
Series 2001-1 Class B $ 0.00000000
Monthly Interest to Investors
Series 1999-VFN $ 24,867.02
Series 2000-VFN $ 705,320.62
Series 2000-1 Class A $ 2,865,817.50
Series 2000-1 Class B $ 252,787.50
Series 2001-1 Class A $ 375,335.00
Series 2001-1 Class B $ 33,120.00
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ 0.16578013
Series 2000-VFN $ 4.70213747
Series 2000-1 Class A $ 4.43625000
Series 2000-1 Class B $ 4.68125000
Series 2001-1 Class A $ 1.35500000
Series 2001-1 Class B $ 1.44000000
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 116,640.54
Series 2000-VFN $ 116,640.54
Series 2000-1 $ 544,110.50
Series 2001-1 $ 180,000.00
Reserve Fund Deposit Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
MONTHLY DISTRIBUTIONS (Cont.) Paid on:
March 15, 2001
Investor Default Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Monthly Dilution Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Noteholder Charge-Off Reversal Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 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
Series 2001-1 $ 0.00
Carry-Over Amount
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
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
Series 2001-1 $ 0.00
Collections Released to Cert. during Collection Period $ 493,096,113.75
Excess Distributed to Cert. on Payment Date $ 2,364,690.91
FUNDED AND INVESTED AMOUNTS: Last day of:
February , 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 $ 41,653,092.80
Principal Funding Account Balance $ 0.00
Invested Amount $ 108,346,907.20
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 $ 43,049,285.85
Principal Funding Account Balance $ 0.00
Invested Amount $ 106,950,714.15
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 $ 195,437,518.75
Invested Amount $ 450,562,481.25
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
SERIES 2001-1 SUPPLEMENT CLASS A
Initial Invested Amount $ 277,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 83,758,936.61
Invested Amount $ 193,241,063.39
SERIES 2001-1 SUPPLEMENT CLASS B
Initial Invested Amount $ 23,000,000.00
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 $ 23,000,000.00
BALANCES AS OF PAYMENT DATE As of:
March 15, 2001
Series 1999-VFN
Reserve Fund Balance $ 0.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance $ 0.00
Series 2000-VFN
Reserve Fund Balance $ 0.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance $ 0.00
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
Series 2001-1
Reserve Fund Balance $ 1,500,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance, Class A $ 277,000,000.00
Outstanding Principal Balance, Class B $ 23,000,000.00
TRUST INCREMENTAL SUBORDINATED AMOUNT Last day of:
To be used in the following month's computations. February , 2001
Pool Total Components of Excess Receivables:
Used Vehicles $ 106,481,222.64
Finance Hold Receivables (for Credit Reasons Only) $ 14,559,959.02
Delayed Payment Program $ 498,796.05
Pool Limits on Components of Excess Receivables:
Used Vehicles $ 256,757,066.79
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 20,540,565.34
Total Excess Receivables $ 14,559,959.02
Overconcentration Amount $ 2,278,777.81
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 16,838,736.83
POOL SERIES SUBORDINATED AMOUNTS As of:
February 28, 2001
Series Incremental Subordinated Amount
Series 1999-VFN $ 791,669.67
Series 2000-VFN $ 818,206.08
Series 2000-1 $ 3,714,537.02
Series 2001-1 $ 1,591,944.44
Required Subordinated Amount
Series 1999-VFN $ 9,576,554.03
Series 2000-VFN $ 13,365,496.57
Series 2000-1 $ 47,589,535.39
Series 2001-1 $ 20,395,515.17
Available Subordinated Amount
Series 1999-VFN $ 9,576,554.03
Series 2000-VFN $ 13,365,496.57
Series 2000-1 $ 47,589,535.39
Series 2001-1 $ 20,395,515.17
CHARGE OFFS For Month of:
February , 2001
Defaulted Receivables $ 0.00
Investor/Noteholder Defaulted Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Deficiency Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Required Draw Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Investor/Noteholder Charge-Off's
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
INTEREST AND PRINCIPAL SHORTFALLS (CUMULATIVE) As of:
March 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
Series 2001-1 Class A $ 0.00
Series 2001-1 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
Series 2001-1 Class A $ 0.00
Series 2001-1 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
Series 2001-1 Class A $ 0.00
Series 2001-1 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
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
INTEREST RATE FOR NEXT PAYMENT DATE As of:
March 15, 2001
Series 1999-VFN Estimated 5.4137500%
Series 2000-VFN Estimated 5.4137500%
Series 2000-1 Class A 5.2987500%
Series 2000-1 Class B 5.6137500%
Series 2001-1 Class A 5.2937500%
Series 2001-1 Class B 5.6337500%