Exhibit 99.1
CIT EC - EF 2001-A
Composition of Contract Pool
at December 31, 2004
Weighted Weighted Average
Current Average Average Required
Number Required Original Remaining Payoff
of Payoff Term Term Amount
Contracts Amount (Range) (Range) (Range)
- --------- ------------ ------------ ----------- --------------------
3,830 $103,210,910 66.98 months 18.4 months $26,948
($0 to $1,042,265.5)
Type of Contract
at December 31, 2004
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Type of Contract Contracts Contracts Amount Amount
- ---------------- --------- --------- ----------- --------
Leases 1,822 47.57% 46,660,478 45.21%
Loans and other financing arrangements 2,008 52.43 56,550,432 54.79
----- ------ ----------- ------
Total 3,830 100.00% 103,210,910 100.00%
===== ====== =========== ======
CIT EC - EF 2001-A
Annual Percentage Rate
at December 31, 2004
% of
Total % of Weighted
Number Number Required Required Average Annual
of of Payoff Payoff Percentage
Annual Percentage Rate Contracts Contracts Amount Amount Rate
- ---------------------- --------- --------- ------------ -------- ---------------
less than 8.001 55 1.44% $ 4,683,494 4.54% 7.10%
8.001- 8.500 137 3.58 5,214,433 5.05 8.32
8.501- 9.000 437 11.41 15,069,678 14.60 8.80
9.001- 9.500 551 14.39 19,081,419 18.49 9.29
9.501- 10.000 801 20.91 23,125,420 22.41 9.76
10.001- 10.500 758 19.79 13,886,928 13.45 10.26
10.501- 11.000 490 12.79 10,103,086 9.79 10.73
11.001- 11.500 175 4.57 5,455,315 5.29 11.24
11.501- 12.000 137 3.58 2,435,451 2.36 11.73
12.001- 12.500 83 2.17 1,805,972 1.75 12.25
12.501- 13.000 73 1.91 1,074,316 1.04 12.79
13.001- 13.500 39 1.02 459,862 0.45 13.22
13.501- 14.000 34 0.89 356,893 0.35 13.65
greater than 14.000 60 1.57 458,644 0.44 15.34
----- ------ ------------ ------ -----
Total 3,830 100.00% $103,210,910 100.00% 9.76%
===== ====== ============ ====== =====
Unliquidated Defaulted Contracts 258 3,891,247
----- ------------
Total 4,088 $107,102,157
===== ============
CIT EC - EF 2001-A
Geographical Diversity
(Based on obligor billing address)
at December 31, 2004
% of
Total % of
Number Number Required Required
of of Payoff Payoff
State Contracts Contracts Amount Amount
- ----- --------- --------- ------------ --------
Alabama 76 1.98% $ 1,934,056 1.87%
Alaska 15 0.39 302,984 0.29
Arizona 112 2.92 2,146,717 2.08
Arkansas 40 1.04 1,216,991 1.18
California 600 15.67 15,291,214 14.82
Colorado 73 1.91 1,716,694 1.66
Connecticut 67 1.75 1,668,329 1.62
Delaware 17 0.44 523,631 0.51
Florida 229 5.98 4,602,227 4.46
Georgia 122 3.19 2,523,668 2.45
Hawaii 8 0.21 85,451 0.08
Idaho 55 1.44 1,580,767 1.53
Illinois 111 2.90 2,199,263 2.13
Indiana 57 1.49 2,336,975 2.26
Iowa 18 0.47 499,278 0.48
Kansas 28 0.73 506,598 0.49
Kentucky 29 0.76 930,108 0.90
Louisiana 40 1.04 1,092,269 1.06
Maine 37 0.97 1,418,315 1.37
Maryland 92 2.40 2,203,792 2.14
Massachusetts 93 2.43 3,422,588 3.32
Michigan 111 2.90 2,450,606 2.37
Minnesota 48 1.25 1,205,591 1.17
Mississippi 24 0.63 568,897 0.55
Missouri 52 1.36 1,788,027 1.73
Montana 14 0.37 174,367 0.17
Nebraska 18 0.47 603,800 0.59
Nevada 40 1.04 1,231,154 1.19
New Hampshire 24 0.63 686,618 0.67
New Jersey 130 3.39 3,096,144 3.00
New Mexico 24 0.63 500,170 0.48
New York 282 7.36 7,855,482 7.61
North Carolina 64 1.67 3,450,200 3.34
North Dakota 2 0.05 14,129 0.01
Ohio 141 3.68 3,689,335 3.57
Oklahoma 30 0.78 750,695 0.73
Oregon 66 1.72 2,262,444 2.19
Pennsylvania 199 5.20 6,634,433 6.43
Rhode Island 15 0.39 698,848 0.68
South Carolina 28 0.73 488,648 0.47
South Dakota 3 0.08 116,043 0.11
Tennessee 42 1.10 671,187 0.65
Texas 235 6.14 6,476,714 6.28
Utah 57 1.49 2,322,738 2.25
Vermont 17 0.44 1,150,909 1.12
Virginia 82 2.14 1,685,765 1.63
Washington 107 2.79 1,968,304 1.91
West Virginia 12 0.31 1,285,624 1.25
Wisconsin 36 0.94 1,098,885 1.06
Wyoming 8 0.21 83,239 0.08
----- ------ ------------ ------
Total 3,830 100.00% $103,210,910 100.00%
===== ====== ============ ======
CIT EC - EF 2001-A
Payment Status
at December 31, 2004
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Days Delinquent Contracts Contracts Amount Amount
- --------------- --------- --------- ----------- ---------
Current, including 1 to 30 day
delinquent contracts 3,609 94.23% 97,924,581 94.88%
31-60 days delinquent 143 3.73 2,701,405 2.62
61-90 days delinquent 48 1.25 1,653,012 1.60
91-120 days delinquent 12 0.31 636,375 0.62
121-150 days delinquent 5 0.13 66,414 0.06
151-180 days delinquent 13 0.34 229,124 0.22
----- ------ ----------- ------
Total 3,830 100.00% 103,210,910 100.00%
===== ====== =========== ======
Unliquidated Defaulted Contracts 258 3,891,247
----- -----------
Total 4,088 107,102,157
===== ===========
Types of Equipment
at December 31, 2004
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Type of Equipment Contracts Contracts Amount Amount
- ----------------- --------- --------- ----------- ---------
Construction 1,449 37.83% 36,139,135 35.01%
Manufacturing 949 24.78 28,269,130 27.39
Transportation 618 16.14 14,208,625 13.77
Printing 436 11.38 12,637,628 12.24
Other(1) 156 4.07 4,753,009 4.61
Commercial/Retail Fixtures 45 1.17 2,538,664 2.46
Medical 19 0.50 2,129,141 2.06
Logging 41 1.07 908,314 0.88
Fitness 97 2.53 877,271 0.85
Computers 20 0.52 749,992 0.73
----- ------ ----------- ------
Total 3,830 100.00% 103,210,910 100.00%
===== ====== =========== ======
(1) Includes $568,347 as the largest and $30,468 as the average Required Payoff
Amount.
CIT EC - EF 2001-A
Required Payoff Amount
at December 31, 2004
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Required Payoff Amount Contracts Contracts Amount Amount
- ---------------------- --------- --------- ------------ --------
0.01 - 5,000.00 996.00 26.01% $ 2,590,446 2.51%
5,000.01 - 10,000.00 717.00 18.72 5,167,357 5.01
10,000.01 - 15,000.00 466.00 12.17 5,759,523 5.58
15,000.01 - 25,000.00 579.00 15.12 11,341,866 10.99
25,000.01 - 50,000.00 615.00 16.06 21,832,788 21.15
50,000.01 - 100,000.00 288.00 7.52 19,558,694 18.95
100,000.01 - 150,000.00 79.00 2.06 9,552,027 9.25
150,000.01 - 250,000.00 48.00 1.25 9,188,277 8.90
250,000.01 - 500,000.00 31.00 0.81 9,989,675 9.68
500,000.01 - 1,000,000.00 9.00 0.23 6,186,016 5.99
1,000,000.01 - 1,042,265.00 2.00 0.05 2,044,241 1.98
------ ------ ------------ ------
Total 3,830 100.00 $103,210,910 100.00
====== ====== ============ ======
Remaining Term
at December 31, 2004
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Remaining Terms of Contracts Contracts Contracts Amount Amount
- ---------------------------- --------- --------- ------------ --------
(months)
0 - 12 2,588 67.57% $ 35,905,327 34.79%
13- 24 1,024 26.74 42,991,357 41.65
25- 36 156 4.07 15,967,983 15.47
37- 48 57 1.49 7,585,618 7.35
49- 60 3 0.08 454,385 0.44
61- 72 2 0.05 306,241 0.30
----- ------ ------------ ------
Total 3,830 100.00% $103,210,910 100.00%
===== ====== ============ ======
Unliquidated Defaulted Contracts 258 3,891,247
----- ------------
Total 4,088 $107,102,157
===== ============
CIT EC - EF 2001-A
Types of Obligor
at December 31, 2004
% of
Total % of
Number Number Required Required
of of Payoff Payoff
Type of Obligor Contracts Contracts Amount Amount
- --------------- --------- --------- ------------ --------
Manufacturing 920 24.02% 32,253,425 31.25%
Construction 1,385 36.16 30,356,092 29.41
Printing 399 10.42 10,523,568 10.20
Transportation 291 7.60 8,023,448 7.77
Services 286 7.47 7,140,964 6.92
Retail & Wholesale Trade 212 5.54 5,826,194 5.64
Other (1) 160 4.18 4,518,652 4.38
Mining, Forestry, Fishing 54 1.41 1,631,549 1.58
Agriculture 101 2.64 1,630,290 1.58
Healthcare 22 0.57 1,306,727 1.27
----- ------ ------------ ------
Total 3,830 100.00% $103,210,910 100.00%
===== ====== ============ ======
(1) Includes $334,383 as the largest required payoff amount belonging to a
single obligor.
Obligor Concentration
% of
Number % of Total Required Required
Obligors (including contracts securing of Number of Payoff Payoff
vendor loans) Contracts Contracts Amount Amount
- ------------- --------- ---------- ---------- --------
Top 5 13 0.34% $5,366,001 5.20%
The Top 5 obligors conduct business in the Manufacturing, Construction and
Service industries.
CIT EC - EF 2001-A
Scheduled Cashflows from Contracts
tat December 31, 2004
Positive Rent Due 3,193,730.98
Adj. RPA of Unliquidated Defaulted Contracts 3,891,247.27
Collection Scheduled Scheduled
Period Principal Interest
- --------------- ------------ ----------
January-2005 6,743,808.64 804,045.63
February-2005 7,026,300.89 749,835.36
March-2005 6,907,283.71 693,233.18
April-2005 6,809,649.21 637,670.76
May-2005 6,420,301.52 582,891.15
June-2005 6,096,189.83 531,287.16
July-2005 5,778,385.61 482,273.54
August-2005 5,563,464.42 435,853.38
September-2005 4,971,759.45 391,152.27
October-2005 4,451,046.39 351,201.91
November-2005 4,046,817.49 315,407.80
December-2005 3,960,104.25 282,917.67
January-2006 2,950,644.36 250,706.57
February-2006 2,747,898.28 227,059.26
March-2006 2,651,512.59 204,996.37
April-2006 2,564,875.91 183,737.21
May-2006 2,195,385.43 163,232.40
June-2006 1,938,632.21 145,675.93
July-2006 1,613,684.68 130,149.11
August-2006 1,788,920.09 117,226.96
September-2006 1,065,609.57 102,931.18
October-2006 1,150,485.00 94,341.44
November-2006 948,974.00 85,107.29
December-2006 1,586,315.52 77,469.48
January-2007 752,547.81 64,835.03
February-2007 678,927.96 58,772.53
March-2007 743,435.72 53,297.17
April-2007 651,757.13 47,311.90
May-2007 700,950.59 42,055.24
June-2007 588,832.24 36,425.02
July-2007 494,971.94 31,683.45
August-2007 434,166.90 27,689.92
September-2007 411,090.04 24,183.62
October-2007 416,272.34 20,862.50
November-2007 554,346.06 17,512.09
December-2007 259,343.05 12,988.48
January-2008 214,435.35 10,902.39
February-2008 204,988.11 9,175.05
March-2008 183,999.32 7,523.36
April-2008 162,292.70 6,043.20
May-2008 111,369.09 4,738.01
June-2008 132,906.53 3,839.49
July-2008 48,170.97 2,775.30
August-2008 44,482.94 2,382.41
September-2008 21,582.68 2,019.79
October-2008 21,755.96 1,846.51
November-2008 17,066.13 1,671.83
December-2008 15,211.16 1,534.07
January-2009 15,334.01 1,411.22
February-2009 15,457.85 1,287.38
March-2009 15,582.69 1,162.54
April-2009 15,708.54 1,036.69
May-2009 9,316.41 909.82
June-2009 5,906.13 834.38
July-2009 5,954.15 786.36
August-2009 6,002.56 737.95
September-2009 6,051.36 689.15
October-2009 6,100.56 639.95
November-2009 6,150.16 590.35
December-2009 6,200.17 540.34
January-2010 5,506.65 489.93
February-2010 5,551.49 445.09
March-2010 5,596.70 399.88
April-2010 5,642.27 354.31
May-2010 5,688.22 308.36
June-2010 5,734.55 262.03
July-2010 5,781.25 215.33
August-2010 5,828.33 168.25
September-2010 5,875.80 120.78
October-2010 4,610.66 72.92
November-2010 4,646.98 36.60