February 2, 2001 Securities and Exchange Commission Judiciary Plaza 450 Fifth Street, N.W. Washington, D.C. 20549 Re: IndyMac ABS, Inc. Home Equity Mortgage Loan Asset-Backed Trust 2000-1 Series SPMD 2000-C Home Equity Loan Asset-Backed Certificates, Series SPMD 2000-C; File No. 333-47158. Ladies and Gentlemen: Enclosed herewith for filing on behalf of the trust fund (the "Trust") created pursuant to a Pooling and Servicing Agreement dated as of November 1, 2000 (the "Pooling and Servicing Agreement") among IndyMac ABS, Inc., a Delaware corporation, as Depositor (the "Depositor"), IndyMac Bank, F.S.B. ("IndyMac"), a federal savings bank, as seller (in that capacity, the "Seller") and as master servicer (in that capacity, the "Master Servicer"), and Bankers Trust Company of California, N.A., a national banking association, as trustee (the "Trustee"). The Home Equity Mortgage Loan Asset-Backed Certificates, Series SPMD 2000-C will consist of the following certificates: (a) Class AF-1, Class AF-2, Class AF-3, Class AF-4, Class AF-5, Class AF-6 and Class AF-IO Certificates (referred to as the Group 1 Class A Certificates), the Class MF-1 and MF-2 Certificates (referred to as the Group 1 Mezzanine Certificates and the BF Certificates (referred to, with the Group 1 Mezzanine Certificates, as the Group 1 Subordinated Certificates), (b) Class AV Certificates (referred to as the Group 2 Class A Certificates), the Class MV-1 and MV-2 Certificates (referred to as the Group 2 Mezzanine Certificates) and the Class BV Certificates (referred to, with the Group 2 Mezzanine Certificates, as the Group 2 Subordinated Certificates), (c) the Class X and Class P Certificates, which are not offered certificates, and (d) the Class R Certificates (referred to as the Residual Certificates). The classes of offered Certificates (not including Class AF-IO) will have the respective initial Class Certificate Balances and pass-through rates set forth on the cover page or described in the prospectus supplement dated November 3, 2000. The Offered Certificates were registered under the Securities Act of 1933, as amended, by a Registration Statement on Form S-11 (File No. 333-47158). As a result, the Trust is subject to the filing requirements of Section 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Trust intends to fulfill these filing requirements in the manner described herein: The Trust will file, promptly after each Distribution Date (as defined in the Pooling and Servicing Agreement), a Current Report on Form 8-K in substantially the form enclosed herewith, including as an exhibit thereto the applicable Distribution Date report. Each such Current Report will also disclose under Item 5 any matter occurring during the relevant reporting period which would be reportable under Item 1, 2, 4 or 5 of Part II of Form 10-Q. The Trust will file a Current Report on Form 8-K promptly after the occurrence of any event described under Item 2, 3, 4 or 5 thereof, responding to the requirements of the applicable Item. Within 90 days after the end of each fiscal year, the Trust will file an annual report of Form 10-K which responds to Items 2, 3, and 4 of Part I, Items 5 and 9 of Part II, Items 12 and 13 of Part III and Item 14 of Part IV thereof, and include as exhibits thereto certain information from the Distribution Date reports aggregated for such year and a copy of the independent accountants' annual compliance statement required under the Pooling and Servicing Agreement. The Trust will follow the above procedures except for any fiscal year as to which its reporting obligations under Section 15(d) of the Exchange Act have been suspended pursuant to such Section. In such event, the Trust will file a Form 15 as required under Rule 15d-6. Should you wish to discuss the above filing procedures, please call Judy L. Gomez at (714) 247-6255. Sincerely, /s/ Judy L. Gomez Assistant Vice President Bankers Trust Company of California, N.A. S.E.C. Reporting Agent for IndyMac ABS, Inc. Home Equity Mortgage Loan Asset-Backed Trust Series SPMD 2000-C Home Equity Loan Asset-Backed Certificates, Series SPMD 2000-C. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 26, 2000 INDYMAC ABS, INC. as Depositor, IndyMac Bank, F.S.B. as Seller and as Master Servicer, and Bankers Trust Company of California, N.A., as trustee (the "Trustee") under the Pooling and Servicing Agreement, dated as of November 1, 2000, providing for the issuance of IndyMac ABS, Inc. Home Equity Mortgage Loan Asset-Backed Trust Series SPMD 2000-C Home Equity Loan Asset-Backed Certificates, Series SPMD 2000-C. INDYMAC ABS, INC. (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-47158 95-4685267 (Commission File Number) (I.R.S. Employer Identification No.) 155 NORTH LAKE AVENUE PASADENA, CALIFORNIA 91101 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (800) 669-2300 Item 5. Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 7. Financial Statement and Exhibits Exhibits: (as noted in Item 5 above) Monthly Remittance Statement to the Certificateholders dated as of December 26, 2000. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Bankers Trust Company of California, N.A., not in its individual capacity, but solely as a duly authorized agent of the Registrant pursuant to the Pooling and Servicing Agreement, dated as of November 1, 2000. Date: February 2, 2001 By: /s/ Judy L. Gomez Judy L. Gomez Assistant Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of December 26, 2000. IndyMac ABS Inc 2000-C SPMD Home Equity Loan Asset-Backed Certificates December 26, 2000 Distribution Contents TABLE OF CONTENTS > Page 1. Cont >ents 1 2. Cert >ificate Payment Report 2 3. Coll >ection Account Report 8 4. Cred >it Enhancement Report 11 5. Coll >ateral Report 12 6. Deli >nquency Report 15 7. REO >Report 18 8. Fore >closure Report 19 9. Prep >ayment Report 20 10. Prep >ayment Detail Report 23 11. Real >ized Loss Report 24 12. Real >ized Loss Detail Report 27 13. Trig >gers, Adj. Rate Cert. and Miscellaneous Report 28 14. Othe >r Related Information 29 Tota >l Number of Pages > 29 CONTACTS Adm >inistrator: Ronaldo R Reyes Dir >ect Phone Number: (714)247-6320 Add >ress: Deutsche Bank > 1761 E. St. Andrew Place, Santa Ana, CA 92705 Web > Site: http://www-apps.gis.deutsche-bank.com/invr Fac >tor Information: (800) 735-7777 Mai >n Phone Number: (714) 247-6000 ISSUANCE INFORMATION Seller: IndyMac Bank > Cut-Off Date: > November 1, 2000 Certificate Insurer: > Closing Date: > November 21, 2000 Servicer(s): IndyMac Bank M >aster Servicer First Payment Date: > December 26, 2000 Underwriter(s): CS First Boston > Co-Lead Underwriter Distribution Date: > December 26, 2000 Banc Of America Sec >urities LLC Co-Lead Underwriter Record Date: > December 22, 2000 > > November 30, 2000 > Page 1 of 29 > (c) COPYRIGHT 2000 Deutsche Bank HISTORICAL DATA > - STATEMENT 1 GROUP TOTAL 1 issue_idperiod > t_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 IN00C1 200012 > 03.07E+0819680877 5680972 0 1989134 2478 176 43 > 0 22 0 0 0 0 0 0 0 0 > 0 HISTORICAL DATA > - STATEMENT 1 GROUP 1 1 issue_idperiod >sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 IN00C1 200012 > 11.18E+08 9980994 3557976 0447177.8 1131 95 28 > 0 10 0 0 0 0 0 0 0 0 > 0 HISTORICAL DATA > - STATEMENT 1 GROUP 2 1 issue_idperiod >sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 IN00C1 200012 > 21.88E+08 9699883 2122995 0 1541956 1347 81 15 > 0 12 0 0 0 0 0 0 0 0 > 0 HISTORICAL DATA > - STATEMENT 1 GROUP 3 0 issue_idperiod >sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 HISTORICAL DATA > - STATEMENT 1 GROUP 4 0 issue_idperiod >sub_poolt_del_0_t_del_1_t_del_2_t_del_3_t_del_4_t_del_0 t_del_1 t_del_2 t_del_ >3t_del_4 t_for_0_t_for_1_t_for_2_t_for_3_t_for_4_t_for_0 t_for_1 t_for_2 t_for >_3 > > 0 0 t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba 0 0 0 0 0 0 0 0 0 >0 0 0 0 0 0 0 0 0 0 > 0 027350983 241 0 0 0 0 0 04.23E >+08 t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba 0 0 0 0 0 0 0 0 0 >0 0 0 0 0 0 0 0 0 0 > 0 013986148 133 0 0 0 0 0 01.65E >+08 t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba 0 0 0 0 0 0 0 0 0 >0 0 0 0 0 0 0 0 0 0 > 0 013364835 108 0 0 0 0 0 02.58E >+08 t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba t_for_4 t_bnk_0_t_bnk_1_t_bnk_2_t_bnk_3_t_bnk_4_t_bnk_0 t_bnk_1 t_bnk_2 t_bnk_3 >t_bnk_4 t_reo_0_t_reo_1_t_reo_2_t_reo_3_t_reo_4_t_reo_0 t_reo_1 t_reo_2 t_reo_ >3t_reo_4 t_del_tot_del_tot_for_tot_for_tot_bnk_tot_bnk_tot_reo_tot_reo_tot_beg >_ba 16 >0 0 357.501 > 0 0 0.06030767 183697.8 198960662692.89 0 0 16 >0 0 347.245 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p 4.21E+08 3483 3467183697.8 198960662692.89 0 0 16 >0 0 9031.61164263.111894.03449830354286914942573205348.6186353.4917 2.496 >880.0362560.1490770.0997340.0066650.006665 0 0 0.060307669 > > 0 0.08236139 76249.19392336.839777.26 0 0 6 >0 0 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p 1.64E+08 1625 161976249.19392336.839777.26 0 0 6 >0 0 1205.4362994.64 5710.89181556141733114817215723 334 347.2452.4926 >99 00.1101050.110105 0 0 0 0 0.082361391 > > 0 0.04615497 107448.6 159726922915.63 0 0 10 >0 0 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p 2.56E+08 1858 1848107448.6 159726922915.63 0 0 10 >0 0 7826.18101268.4 6183.14268274202553800225357483 358357.50042.4995 >630.0594390.1739960.0931030.0109270.010927 0 0 0.046154973 > > 0 0 0 0 0 0 0 0 >0 0 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p > > 0 0 0 0 0 0 0 0 >0 0 > 0 t_prepayt_repur >ct_liquid_loan warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cup_down t_end_bat_beg_lot_end_lot_sch_prt_prepayt_curt t_repurct_liquidt_prepayt_repur >ct_liquidt_prepayt_curr_st_del_sft_curr_wt_curr_wt_curr_wt_wamm warat was > wa_grosswa_max_iwa_min_iwa_per_cwa_per_cpool_reareo_bookt_del_1_2_bal_p 0.00472994 0.06503761 0 0 0 0.1 >11 0 0.1 >04 BankruptREO Total Total Total > > Total Total Total t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA 0.00472994 0.065037609 0 0 0 Dec-00 420.5410.1063 >99 0.0048560.995144 > 0.0048560.056746 0.056746 2.49688 11.3633 0.00272031 0.0850817 0 0 0 BankruptREO Group 1 Group 1 Group >1 > Group 1 Group 1 Group 1 t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa1or 2 padel_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA 0.002720309 0.0850817 0 0 0 Dec-00164.38490.1101 >05 0.0026220.997378 > 0.0026220.031012 0.0310122.4926996.220494 0.0060196 0.05217457 0 0 0 BankruptREO Group 2 Group 2 Group >2 > Group 2 Group 2 Group 2 t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA 0.006019596 0.052174569 0 0 0 Dec-00256.15610.1040 >29 0.0062850.993715 > 0.0062850.072869 0.0728692.49956314.57642 0 0 0 0 0 BankruptREO t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA 0 0 0 0 0 BankruptREO t_del_3_4_bal_pt_del_total_bal_p t_for_tot_bnk_tot_reo_toPeriod t_end_bawac > 1or 2 pa3+ pay 6del_totafor_totabnk_totareo_tota1MSMM (1-1MSMM3MSMM 12MSM >M CUMSMM 1MCPR 3MCPR 12MCPR CUMCPR MIN(30,W1MPSA 3MPSA 12MPSA > > Printing Pages Starting# Pages # Pag >es Total Total > > 1 1Contents 1 1 CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR >CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity 2 2Certificate Payment Repo 2 6 > 0 11.36332052.298 0 1 0 0 > 0 0 0 > 3 3Collection Account Repor 8 3 > 0 > > 4 4Credit Enhancement Repor 11 1 > > 5 5Collateral Report 12 3 > 0 > > 6 6Delinquency Report 15 3 > 0 > > 7 7REO Report 18 1 > > 8 8Foreclosure Report 19 1 > > 9 9Prepayment Report 20 3 > 0 > > 10 10Prepayment Detail Report 23 1 > > 11 11Realized Loss Report 24 3 > 0 > > 12 12Realized Loss Detail Rep 27 1 > > 13 13Triggers, Adj. Rate Cert 28 1 > > 14 14Other Related Informatio 29 1 > > 15 Additional Certificate Report 0 > > 16 Historical Certificate Payment Report > > 17 Credit Ratings > > Total Total Total Number of Pages 29 Group 1 Group 1 Group 1 > Group 1 Group 1 CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR >CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity 6.220494432.1141 0 1 0 0 > 0 0 0 Group 2 Group 2 Group 2 > Group 2 Group 2 CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR >CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity 14.576421620.184 0 1 0 0 > 0 0 0 CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR >CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity CUMPSA prep+cur1MMDR (1-MDR) 3MMDR 12MMDR CUMMDR 1MCDR 3MCDR 12MCDR >CUMCDR 1MSDA 3MSDA 12MSDA CUMSDA loss_sev3M_loss_12M_lossCUM_loss_sever >ity # Pages Total # # Standard Pgs per Report 1 1 0 6 2 1 0 3 3 1 1 1 1 0 3 3 1 0 3 1 1 1 1 1 1 0 3 3 1 1 1 0 3 3 1 1 1 1 1 1 1 1 0 1 0 0 0 0 0 29