EXHIBIT 4
DEUTSCHE FINANCIAL SERVICES CORPORATION - - RV/MARINE TRUST 2001-1
Accounting Date: 11-Nov-02
Determination Date: 14-Nov-02
Monthly Payment Date: 15-Nov-02
Collection Period Ending: 31-Oct-02
<Table>
I. COLLECTION ACCOUNT SUMMARY
Principal and Interest Payments Received (including Prepayments) 15,980,352.75
Net Liquidation Proceeds (including Rebates/Insurance Amounts) 265,425.27
Current Monthly Interest Shortfall/Excess -79,389.57
Recoup of Collection Expenses 3,118.20
Amount of Withdrawal, if any, from Reserve Account 0.00
Purchase Amounts for Repurchased Receivables 0.00
16,169,506.65
II. SIMPLE INTEREST EXCESS OR SHORTFALLS
Amount of Interest Payments Due During the Collection Period for Receivables 3,027,258.70
Amount of Interest Payments Received During the Collection Period for Receivables 3,106,648.27
Amount of Current Month Simple Interest Excess/Shortfall -79,389.57
III. CALCULATION OF RESERVE ACCOUNT DEPOSIT/WITHDRAWALS
Reserve Account Required Amount (not more than the outstanding principal balance of the Notes) 3,971,004.00
Beginning Reserve Account Balance 1,858,327.54
Deposits to Reserve Account (only if Reserve Account is less than the Reserve Account Required Amount) 405,092.16
Reserve Account Withdrawals(to the extent that there are Interest or Principal payment shortfalls) 0.00
Reserve Account Investment Earnings 2,434.72
Withdrawals from Reserve Account due to Servicer (to the extent that the Required Reserve Account
Amount has been met) 0.00
Amount in Reserve Account as of Determination Date (excluding amount to be paid on next Payment Date) 1,858,327.54
Total Ending Reserve Balance 2,265,854.42
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IV. COLLECTIONS ON RECEIVABLES
a)
Interest Payments Received 3,106,648.27
Scheduled Principal Payments Received 2,334,512.05
Principal Prepayments Received 10,539,192.43
Total Interest and Principal Payments Received 15,980,352.75
b)
Gross Recovery Proceeds of Liquidated Receivables (including Rebates/Insurance) 277,340.22
minus Reasonable Expenses 11,914.95
Net Liquidation Proceeds 265,425.27
Amount Allocable to Interest 0.00
Amount Allocable to Principal 265,425.27
c)
Amount Allocable to Interest 0
Amount Allocable to Principal 0
16,245,778.02
V. CALCULATION OF SERVICING AND TRUSTEE FEES
403,386,429.47
multiplied by Servicer Fee Rate 0.75%
divided by Months per Year 0
252,116.52
VI. POOL BALANCE AND PORTFOLIO PERFORMANCE
a)
Initial Pool Balance 529,467,226.64
Pool Balance as of Preceding Accounting Date 403,386,429.47
Pool Balance as of the Current Accounting Date 389,595,326.36
Age of Pool in Months 12
a.2)
Aggregate Note Balance as of Preceding Accounting Date 403,386,429.47
Aggregate Note Balance as of Current Accounting Date 389,595,326.36
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<Caption>
b)
Current Month Number of Loans Principal Balance Percentage
30-59 Days Delinquent 65 1,804,281.04 0.463%
60-89 Days Delinquent 33 1,668,956.57 0.428%
90-119 Days Delinquent 10 225,894.21 0.058%
120+ Days Delinquent 0 0.00 0.000%
Defaults for Current Period 17 917,398.63 0.235%
Cumulative Defaults 103 3,609,992.71 0.682%
Cumulative Recoveries 1,356,838.67 0.256%
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<Table>
Current Month Realized Losses 651,973.36
Current Month Realized Losses as Percentage of Initial Pool Balance (Annualized) 0.123%
Preceding Realized Losses 108,274.10
Preceding Month Realized Losses as Percentage of Initial Pool Balance (Annualized) 0.020%
Second Preceding Realized Losses 217,356.69
Second Preceding Month Realized Losses as Percentage of Initial Pool Balance (Annualized) 0.041%
Cumulative Realized Losses 2,253,154.04
Cumulative Realized Losses as Percentage of Initial Pool Balance 0.426%
VII. DISTRIBUTIONS OF THE TOTAL DISTRIBUTABLE AMOUNT
0.73582520
0.71788341
a) 252,116.52
0.00
b)
Class A-1 116,763.11
Class A-2 182,250.00
Class A-3 355,500.00
Class A-4 448,875.00
Class A-5 373,205.42
Class B 106,255.75
Class C 52,993.50
Class D 85,352.08
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<Table>
<Caption>
Noteholders' Monthly
Beginning Principal Distributable Ending
Balance Amount Balance
Class A-1 49,686,429.47 13,791,103.11 35,895,326.36
Class A-2 54,000,000.00 0.00 54,000,000.00
Class A-3 90,000,000.00 0.00 90,000,000.00
Class A-4 95,000,000.00 0.00 95,000,000.00
Class A-5 72,350,000.00 0.00 72,350,000.00
Class B 19,830,000.00 0.00 19,830,000.00
Class C 9,270,000.00 0.00 9,270,000.00
Class D 13,250,000.00 0.00 13,250,000.00
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<Table>
c) 0.00
VIII. POOL STATISTICS
9.10%
165
TOTAL DISTRIBUTION AMOUNT (Serv Fee+Note Int+Note Prin+Reserve Deposit) 16,169,506.65
TOTAL WIRE TO HSBC 16,169,506.65
Amount Due To Servicer 0.00
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