CASE EQUIPMENT LOAN TRUST 1996-A
$87,000,000 Class A-1 5.00% Money Market Asset Backed Notes due February 15, 1997
$513,000,000 Class A-2 5.50% Asset Backed Notes due February 15, 2003
$25,000,000 5.85% Asset Backed Certificates due February 15, 2003
Prepared by Lisa Sorenson, Phone 414-636-6184
NPV Data Input Section IRR Calc (pool 1) 16-Aug-99
Scheduled cash flows as of the 8.744% Pool 1 Pool 2 Pool 3 Pool 4
- ----------------------------------------------------------------------------------------------------------------------------------
end of the collection period (391,313,488.41) 1,603,332.13 364,182.20 341,898.29 233,376.22
Line 0 is scheduled amount 7,801,356.48 2,456,369.95 551,572.09 407,916.00 330,892.56
delinquent 5,531,018.13 1,755,852.52 429,149.99 412,059.80 355,283.24
6,292,888.88 4,629,336.52 673,711.08 340,409.73 471,312.60
6,178,687.37 5,886,550.38 852,938.71 504,589.72 412,398.43
6,549,877.43 7,168,059.23 1,237,446.51 649,389.14 400,692.81
5,599,124.19 1,954,250.37 2,083,033.70 583,327.61 294,951.15
11,728,887.23 947,821.36 1,259,883.99 2,005,658.17 380,196.04
6,044,039.29 841,623.56 163,264.77 1,870,641.90 1,929,329.20
14,469,336.82 605,293.53 101,876.82 78,350.18 1,047,967.79
19,551,134.56 626,277.63 81,907.19 49,142.03 71,498.40
23,450,395.65 588,140.66 83,763.02 59,093.27 56,684.00
8,097,611.75 426,105.68 131,127.54 84,046.43 53,847.56
5,524,121.98 776,063.46 214,669.58 50,563.86 82,828.23
5,571,124.03 591,540.72 55,415.48 81,711.10 76,347.86
5,781,966.02 2,276,066.87 239,958.11 48,238.82 176,351.09
5,757,754.54 2,994,887.51 331,640.67 120,737.87 125,786.54
6,057,843.66 3,980,141.24 559,625.25 227,377.01 110,368.62
5,144,760.40 794,529.93 1,141,519.62 220,533.70 87,381.73
10,457,010.15 256,293.32 370,793.30 883,687.37 148,493.99
5,678,703.73 82,064.73 39,467.19 880,468.95 860,882.00
14,170,346.24 49,090.59 6,503.78 32,264.26 468,876.73
19,198,808.36 39,878.65 14,311.58 0.00 16,473.84
23,041,630.90 32,814.96 4,524.48 11,054.43 13,732.69
7,767,922.51 2,578.63 9,409.59 9,265.88 684.40
5,180,140.04 16,930.92 25,800.04 0.00 684.40
5,169,577.15 30,160.45 1,838.94 0.00 684.40
5,402,025.15 97,465.24 1,838.94 20,280.67 12,398.07
5,315,366.24 113,527.33 1,838.94 0.00 684.40
5,562,394.55 119,899.82 89,088.64 21,953.09 684.40
4,707,758.31 19,838.68 39,838.02 48,534.41 684.40
9,584,364.45 24,060.16 0.00 24,070.95 33,399.63
5,180,927.58 0.00 0.00 0.00 8,151.04
13,345,422.82 0.00 0.00 0.00 0.00
Page 1
18,045,607.49 0.00 0.00 0.00 0.00
21,782,339.07 0.00 0.00 0.00 0.00
6,814,608.24 0.00 0.00 0.00 0.00
4,373,791.80 0.00 0.00 0.00 0.00
4,306,308.12 0.00 0.00 0.00 0.00
4,336,181.80 0.00 0.00 0.00 0.00
4,235,875.01 0.00 0.00 0.00 0.00
4,212,914.29 0.00 1,853.94 0.00 0.00
3,373,098.70 0.00 1,838.94 0.00 0.00
7,536,129.12 0.00 1,838.94 0.00 0.00
3,795,320.22 0.00 1,838.94 0.00 0.00
11,010,093.10 0.00 1,838.94 0.00 0.00
15,251,123.35 0.00 1,838.94 0.00 0.00
18,472,571.70 0.00 1,838.94 0.00 0.00
4,367,542.68 0.00 1,838.94 0.00 0.00
2,235,205.10 0.00 1,838.94 0.00 0.00
1,873,477.21 0.00 0.00 0.00 0.00
1,551,335.06 0.00 0.00 0.00 0.00
1,338,174.06 0.00 0.00 0.00 0.00
1,457,024.39 0.00 0.00 0.00 0.00
1,160,456.33 0.00 0.00 0.00 0.00
3,786,139.76 0.00 0.00 0.00 0.00
1,442,510.91 0.00 0.00 0.00 0.00
6,632,389.86 0.00 0.00 0.00 0.00
9,958,376.91 0.00 0.00 0.00 0.00
12,009,644.97 0.00 0.00 0.00 0.00
2,153,318.14 0.00 0.00 0.00 0.00
423,639.45 0.00 0.00 0.00 0.00
248,739.37 0.00 0.00 0.00 0.00
185,713.82 0.00 0.00 0.00 0.00
79,018.37 0.00 0.00 0.00 0.00
109,450.51 0.00 0.00 0.00 0.00
6,995.43 0.00 0.00 0.00 0.00
54,018.43 0.00 0.00 0.00 0.00
205,992.34 0.00 0.00 0.00 0.00
307,029.80 0.00 0.00 0.00 0.00
510,946.62 0.00 0.00 0.00 0.00
44,076.50 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
Total Time Balance of Scheduled Cash Flows
474,581,504.62 41,786,846.73 11,178,505.22 10,067,264.64 8,264,008.46
Page 2
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
CASE EQUIPMENT LOAN TRUST 1996-A
$87,000,000 Class A-1 5.00% Money Market Asset Backed Notes due February 15, 1997
$513,000,000 Class A-2 5.50% Asset Backed Notes due February 15, 2003
$25,000,000 5.85% Asset Backed Certificates due February 15, 2003
Prepared by Lisa Sorenson, Phone 414-636-6184
Payment Date 16-Aug-99
Collection Period Begin Date 06-Jul-99
Collection Period End Date 05-Aug-99
Days in accrual period (30/360) 30
PART I -- MONTHLY DATA INPUT
Total Receipts During the Period $4,610,440.33
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Collections For The Period $4,610,440.33
Miscellaneous Data
Scheduled Amounts 30 - 59 days past due $672,583.76
Scheduled Amounts 60 days or more past due $1,047,669.95
Net Losses on Liquidated Receivables $15,349.39
Number of Loans at Beginning of Period 6,442
Number of Loans at End of Period 6,218
Repossessed Equipment not Sold or Reassigned (Beginning) $0.00
Repossessed Equipment not Sold or Reassigned (End) $0.00
Reinvestment Income (including Pre-Funding Account) $68,323.73
Pre-Funding Account Reinvestment Income $0.00
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Page 3
CASE EQUIPMENT LOAN TRUST 1996-A
$87,000,000 Class A-1 5.00% Money Market Asset Backed Notes due February 15, 1997
$513,000,000 Class A-2 5.50% Asset Backed Notes due February 15, 2003
$25,000,000 5.85% Asset Backed Certificates due February 15, 2003
Payment Date 16-Aug-99
Collection Period Begin Date 06-Jul-99
Collection Period End Date 05-Aug-99
Part II -- SUMMARY
Total Principal Balance of Notes and Certificates (Beginning of Period) $48,497,228.90
A-1 Note Beginning Principal Balance $0.00
A-2 Note Beginning Principal Balance $23,497,228.90
Certificate Beginning Principal Balance $25,000,000.00
Total Principal Balance of Notes and Certificates (End of Period) $44,410,840.78
A-1 Note Principal Balance (End of Period) $0.00
0.0000000
A-2 Note Principal Balance (End of Period) $19,410,840.78
0.0378379
Certificate Principal Balance (End of Period) $25,000,000.00
1.0000000
Contract Value Decline $4,086,388.12
Pool Balance (Beg. of Collection Period) $71,220,907.55
Pool Balance (End of Collection Period) $67,134,519.43
Total Distribution Amount (TDA) $4,678,764.06
Total Collections and Investment Income for the Period $4,678,764.06
Negative Carry Amount $0.00
Administration Fee Accrued during this Period $166.67
Principal Distribution Amount (PDA) $4,086,388.12
Release from Spread Account to Noteholders as Principal $0.00
A-1 Noteholders' Principal Distributable Amount $0.00
A-2 Noteholders' Principal Distributable Amount $4,086,388.12
Certificateholders' Principal Distributable Amount $0.00
Interest Distributable Amount $592,375.94
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $107,695.63
Page 4
Certificateholders' Interest Distributable Amount $121,875.00
Servicing Fees Accrued during this Period $59,350.76
Total Distribution Amount Remaining to Deposit to Spread Account $240,590.95
Spread Account
Beginning Spread Account Balance $12,219,307.44
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $240,590.95
Distribution from Spread Account for Interest / Principal Shortfall $0.00
Preliminary Spread Account Balance Remaining $12,459,898.39
Specified Spread Account Balance $12,502,160.02
Release from Spread Account to Seller as "Excess Servicing Fee" $0.00
Release from Spread Account to Noteholders as Principal $0.00
Ending Spread Account Balance (after distributions) $12,459,898.39
Credit Enhancement 69.73%
Spread account % of Ending Pool Balance 18.56%
Overcollateralization % of Ending Pool Balance 51.17%
Current Month CPR 27.28%
Life-to-Date CPR 22.22%
Scheduled Amounts 30 - 59 days past due $672,583.76
1.00%
Scheduled Amounts 60 days or more past due $1,047,669.95
1.56%
Net Losses on Liquidated Receivables $15,349.39
0.02%
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
Page 5
PART III -- SERVICING CALCULATIONS 16-Aug-99
1. Sources and Uses of Collection Account Balance Pool 1 Pool 2 Pool 3 Pool 4
Wtd. Avg. APR 8.745% 8.719% 8.784% 8.644%
Contract Value (Beg. of Collection Period), by origination pool $42,048,609.39 $10,976,274.53 $10,016,079.63 $8,179,944.00
Contract Value (End of Collection Period), by origination pool $39,489,161.71 $10,513,532.47 $9,414,048.96 $7,717,776.29
Contract Value Decline $2,559,447.68 $462,742.06 $602,030.67 $462,167.71
Initial Pool Balance $625,108,001.05
Pool Balance (End of Collection Period) $67,134,519.43
Total Collections and Investment Income for the period $4,678,764.06
Negative Carry Amount $0.00
Total Distribution Amount (TDA) $4,678,764.06
Principal Distribution Amount (PDA) $4,086,388.12
Interest Distribution Amount (IDA) $592,375.94
2. Calculation of Distributable Amounts
A-1 Note Beginning Principal Balance $0.00
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Share of the Principal Distribution Amount 0.00%
A-1 Noteholders' Principal Distributable Amount $0.00
A-2 Note Beginning Principal Balance $23,497,228.90
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Share of the Principal Distribution Amount 100.00%
A-2 Noteholders' Principal Distributable Amount $4,086,388.12
Certificate Beginning Principal Balance $25,000,000.00
Certificateholders' Principal Carryover Shortfall
(Previous Period) $0.00
Certificateholders' Share of the Principal Distribution Amount 0.00%
Certificateholders' Principal Distributable Amount $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Interest Accrued on Class A-2 Notes this period $107,695.63
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-2 Notes $0.00
Page 6
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount
applicable to A-2 Notes $107,695.63
Interest Accrued on Class A-1 and A-2 Notes this period $107,695.63
Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount $107,695.63
Interest Accrued on Certificates this period $121,875.00
Certificateholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Certificateholders' Interest Distributable Amount $121,875.00
3. Allocation of Total Distribution Amount
Total Distribution Amount $4,678,764.06
Administration Fee Shortfall (Previous Period) $0.00
Administration Fee Accrued during this Period $166.67
Administration Fee Paid this Period from TDA $166.67
Administration Fee Shortfall $0.00
Total Distribution Amount Remaining $4,678,597.39
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest applicable to A-1 Notes Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-2 Notes this period $107,695.63
Noteholders' Interest applicable to A-2 Notes Paid
this Period from TDA $107,695.63
Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 and A-2 Notes this period $107,695.63
Noteholders' Interest Paid this Period from TDA $107,695.63
Preliminary Noteholders' Interest Carryover
Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $4,570,901.76
Page 7
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Monthly Principal Distributable Amount $0.00
A-1 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-1 Noteholders' Principal Carryover
Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $4,570,901.76
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Monthly Principal Distributable Amount $4,086,388.12
A-2 Noteholders' Principal Distributable Amount Paid from TDA $4,086,388.12
Preliminary A-2 Noteholders' Principal Carryover
Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $484,513.65
Certificateholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Interest Accrued on Certificates this period $121,875.00
Certificateholders' Interest Paid this Period from TDA $121,875.00
Preliminary Certificateholders' Interest Carryover
Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $362,638.65
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Principal Distributable Amount
applicable to current period $0.00
Certificateholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary Certificateholders' Principal Carryover
Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $362,638.65
Servicing Fee Shortfall (Previous Period) $62,696.94
Servicing Fees Accrued during this Period $59,350.76
Servicing Fees Paid this Period from TDA $122,047.69
Servicing Fee Shortfall $0.00
Total Distribution Amount Remaining to Deposit to Spread Acct $240,590.95
4. Reconciliation of Pre-Funding Account
Beginning Pre-Funding Account Balance $0.00
New Collateral Purchased $0.00
Deposit to Spread Account $0.00
Payment to Seller $0.00
Page 8
Ending Pre-Funding Account Balance $0.00
Excess Pre-Funded Amount/(Payment to Seller)
Adjusted Ending Pre-Funding Account Balance
5. Reconciliation of Negative Carry Account
Beginning Negative Carry Account Balance $0.00
Pre-Funded Percentage 0.000%
Negative Carry Amount $0.00
Cumulative Negative Carry Amount $433,178.05
Maximum Negative Carry Amount $0.00
Required Negative Carry Account Balance $0.00
Interim Ending Negative Carry Account Balance $0.00
Negative Carry Amount Released to Seller $0.00
Ending Negative Carry Account Balance $0.00
6. Distributions from Spread Account
Beginning Spread Account Balance $12,219,307.44
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess
Collections over Distributions $240,590.95
Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adjustment to Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-1 No $0.00
Adjustment to Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-1 No $0.00
Adjustment to Preliminary A-1 Noteholders' Principal Carryover
Shortfall (Current Period) $0.00
Adjustment to Preliminary A-2 Noteholders' Principal Carryover
Shortfall (Current Period) $0.00
Preliminary Spread Account Balance Remaining $12,459,898.39
Distribution from Spread Account to
Certificateholders' Distr. Account $0.00
Adjustment to Preliminary Certificateholders' Interest Carryover
Shortfall (Current Period) $0.00
Adjustment to Prelim. Certificateholders' Principal Carryover
Shortfall (Current Period) $0.00
Preliminary Spread Account Balance Remaining $12,459,898.39
Cumulative Realized Losses since 31-January-95 (Cut-off Date) $2,412,303.82
Are Cum. Realized Losses > 2.25% of Initial Pool Balance? NO
12*(Realized Losses during Collection Period + Repos at end
of Collection Period) $184,192.68
Is 12*Realized Losses + Unliq. Repos > 1.65% of Beg. Pool Balance? NO
Page 9
60 day or > Delinquent Scheduled Amounts $1,047,669.95
Are 60 day or > Delinquencies > 2.25% of Ending Pool Balance? NO
Are any of the three conditions "YES"? NO
Case Credit has discovered a systems error in the report
used to identify losses for the trust. The report only
identified losses that had been applied against dealer
reserves. It failed to include in the loss figure any
losses that were not covered by dealer reserves. This
resulted in an inadvertent and immaterial
understatement of losses in the monthly servicer
reports for years prior to 1999. The systems error had
no impact on historical loss figures reflected in the
prospectuses for the ABS transactions, which were
generated separately and were accurate.
As a result of the systems error, Case Credit incorrectly
absorbed the losses that were not included in the
monthly servicer reports through its on-book reserves.
Case Credit will not charge these losses back to the
trust. The cumulative amount of losses that were
inadvertently absorbed by Case Credit that should have
been charged to the trust was: $144,726.86
If the monthly servicer reports for the trust were restated,
the cumulative loss test would still have been met
as indicated below:
Restated Cumulative Realized Losses: $2,557,030.68
Are Cumulative Realized Losses > 2.25% of
the Initial Pool Balance? NO
Preliminary A-1 Note Principal Balance (End of Period) $0.00
Preliminary A-2 Note Principal Balance (End of Period) $19,410,840.78
Preliminary Certificate Principal Balance (End of Period) $25,000,000.00
Preliminary Total Principal Balance of Notes and Certificates
(End of Period) $44,410,840.78
Specified Spread Account Balance $12,502,160.02
Greater of:
(a) 3.75% of Pool Balance at end of Collection Period; and $2,517,544.48
(b)(i) 2.50% of Initial Pool Balance (Until Outstanding Note
and Certificate Balance = Spread Account), or $15,627,700.03
(b)(ii) 2.25% of Initial Pool Balance (when principal
amount of Notes and Certificates
< = 97.50% of Pool Balance), or $14,064,930.02
(b)(iii) 2.00% of Initial Pool Balance (when principal
amount of Notes and Certificates
< = 96.25% of Pool Balance) $12,502,160.02
Preliminary Spread Account Balance Remaining $12,459,898.39
Preliminary Excess Amount in Spread Account $0.00
Page 10
Release from Spread Account to Seller as "Excess Servicing Fee" $0.00
Release from Spread Account to Noteholders as Principal $0.00
Ending Spread Account Balance (after distributions) $12,459,898.39
Net Change in Spread Account Balance $240,590.95
7. Ending Balances
Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-2 Notes $0.00
A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Ending Balance) $0.00
Certificateholders' Principal Carryover Shortfall (Ending Balance) $0.00
A-1 Note Principal Balance (End of Period) $0.00
A-2 Note Principal Balance (End of Period) $19,410,840.78
Certificate Principal Balance (End of Period) $25,000,000.00
Total Principal Balance of Notes and
Certificates (End of Period) $44,410,840.78
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Pool Factor (End of Period) 0.0378379
Certificate Pool Factor (End of Period) 1.0000000
Total Notes & Certificates Pool Factor (End of Period) 0.0710573
Specified Spread Account Balance
(after all distributions and adjustments) $12,459,898.39
Page 11
CASE EQUIPMENT LOAN TRUST 1996-A
STATEMENT TO NOTEHOLDERS
$87,000,000 Class A-1 5.00% Money Market Asset Backed Notes due February 15, 1997
$513,000,000 Class A-2 5.50% Asset Backed Notes due February 15, 2003
$25,000,000 5.85% Asset Backed Certificates due February 15, 2003
Payment Date: 16-Aug-99
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(b) A-2 Notes: $4,086,388.12
per $1,000 original principal amount: $7.96566884
(c) Total $4,086,388.12
(2) Interest on the Notes
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(b) A-2 Notes: $107,695.63
per $1,000 original principal amount: $0.20993301
(c) Total $107,695.63
(3) Pool Balance at the end of the related Collection Period $67,134,519.43
(4) After giving effect to distributions on current Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $19,410,840.78
(ii) A-2 Note Pool Factor: 0.0378379
(c) (i) Certificate Balance $25,000,000.00
(ii) Certificate Pool Factor: 1.0000000
Page 12
(5) Amount of Servicing Fee: $122,047.69
per $1,000 Initial Pool Balance: 0.19524257
(6) Amount of Administration Fee: $166.67
per $1,000 Initial Pool Balance: 0.00026662
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $15,349.39
(9) Amount in Spread Account: $12,459,898.39
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the $0.00
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
Page 13
CASE EQUIPMENT LOAN TRUST 1996-A
STATEMENT TO CERTIFICATEHOLDERS
$87,000,000 Class A-1 5.00% Money Market Asset Backed Notes due February 15, 1997
$513,000,000 Class A-2 5.50% Asset Backed Notes due February 15, 2003
$25,000,000 5.85% Asset Backed Certificates due February 15, 2003
Payment Date: 16-Aug-99
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(b) A-2 Notes: $4,086,388.12
per $1,000 original principal amount: $7.96566884
(c) Certificates: $0.00
per $1,000 original principal amount: $0.00000000
(d) Total: $4,086,388.12
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(b) A-2 Notes: $107,695.63
per $1,000 original principal amount: $0.20993301
(c) Certificates: $121,875.00
per $1,000 original principal amount: $4.87500000
(d) Total: $229,570.63
(3) Pool Balance at end of related Collection Period: $67,134,519.43
(4) After giving effect to distributions on this Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
Page 14
(b) (i) outstanding principal amount of A-2 Notes: $19,410,840.78
(ii) A-2 Note Pool Factor: 0.0378379
(c) (i) Certificate Balance $25,000,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $122,047.69
per $1,000 Initial Pool Balance: $0.19524257
(6) Amount of Administration Fee: $166.67
per $1,000 Initial Pool Balance: $0.00026662
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $15,349.39
(9) Amount in Spread Account: $12,459,898.39
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the $0.00
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
Page 15
=====================================================================================================================
CASE EQUIPMENT LOAN TRUST 1996-A
PAYMENT AND DEPOSIT INSTRUCTIONS TO INDENTURE TRUSTEE
$87,000,000 Class A-1 5.00% Money Market Asset Backed Notes due February 15, 1997
$513,000,000 Class A-2 5.50% Asset Backed Notes due February 15, 2003
$25,000,000 5.85% Asset Backed Certificates due February 15, 2003
Payment Date: 16-Aug-99
(1) Payment of Administration Fee to Administrator: $166.67
(2) Noteholders' Interest Distributable Amount to be
deposited into Noteholders' Distribution Account: $107,695.63
(3) Noteholders' Principal Distributable Amount to be
deposited into Noteholders' Distribution Account: $4,086,388.12
(4) Certificateholders' Interest Distributable Amount to be
deposited into Certificateholders' Distribution Account: $121,875.00
(5) Certificateholders' Principal Distributable Amount to be
deposited into Certificateholders' Distribution Account: $0.00
(6) Payment of Servicing Fee to Servicer: $122,047.69
(7) Deposit to Spread Account from Excess Collections over Distributions: $240,590.95
Check for Spread Account Draw NO
Sum of Above Distributions $4,678,764.06
Total Distribution Amount plus Turbo plus Spread Account Draw $4,678,764.06
Page 16
CASE EQUIPMENT LOAN TRUST 1996-A
SERVICER'S CERTIFICATE
$87,000,000 Class A-1 5.00% Money Market Asset Backed Notes due February 15, 1997
$513,000,000 Class A-2 5.50% Asset Backed Notes due February 15, 2003
$25,000,000 5.85% Asset Backed Certificates due February 15, 2003
Payment Date: 16-Aug-99
(1) Total Distribution Amount: $4,678,764.06
(2) Administration Fee: $166.67
(3) Noteholders' Interest Distributable Amount applicable to A-1 Notes: $0.00
(4) Noteholders' Interest Carryover Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable Amount applicable to A-2 Notes: $107,695.63
(6) Noteholders' Interest Carryover Shortfall applicable to A-2 Notes: $0.00
(7) Noteholders' Interest Distributable Amount: $107,695.63
(8) A-1 Noteholders' Monthly Principal Distributable Amount: $0.00
(9) % of Principal Distribution Amount applicable to A-1 Noteholders 0.00%
(10) A-1 Noteholders' Principal Carryover Shortfall: $0.00
(11) A-1 Noteholders' Principal Distributable Amount: $0.00
(12) A-2 Noteholders' Monthly Principal Distributable Amount: $4,086,388.12
(13) % of Principal Distribution Amount applicable to A-2 Noteholders 100.00%
(14) A-2 Noteholders' Principal Carryover Shortfall: $0.00
(15) A-2 Noteholders' Principal Distributable Amount: $4,086,388.12
(16) Noteholders' Principal Distributable Amount: $4,086,388.12
(17) Noteholders' Distributable Amount: $4,194,083.75
Page 17
(18) Certificateholders' Interest Distributable Amount: $121,875.00
(19) Certificateholders' Interest Carryover Shortfall: $0.00
(20) Certificateholders' Percentage: 0.00%
(21) Certificateholders' Principal Distributable Amount applicable to current period $0.00
(22) Certificateholders' Principal Carryover Shortfall: $0.00
(23) Certificateholders' Principal Distributable Amount: $0.00
(24) Certificateholders' Distributable Amount: $121,875.00
(25) Servicing Fee: $122,047.69
(26) Deposit to Spread Account (from excess collections): $240,590.95
(27) Specified Spread Account Balance (after all distributions and adjustments) : $12,502,160.02
The greater of:
(a) 3.75% of the Pool Balance at the beginning of the Collection Period
in which the Payment Date occurs; and $2,517,544.48
(b)(i) 2.50% of Initial Pool Balance (Until Outstanding Note and Certificate
Balance = Spread Account), or $15,627,700.03
(b)(ii) 2.25% of the Initial Pool Balance when principal amount of Notes
and Certificates LESS THAN OR = 97.50% of Pool Balance $14,064,930.02
(b)(iii) 2.00% of the Initial Pool Balance when principal amount of Notes
and Certificates LESS THAN OR = 96.25% of Pool Balance $12,502,160.02
(28) Spread Account Trigger Tests:
(a) (i) Aggregate Realized Losses from the Initial Cutoff Date through
the end of the related Collection Period: $2,412,303.82
(ii) 2.25% of the Initial Pool Balance: $14,064,930.02
(b) (i) 12 times the sum of (x) the aggregate Realized Losses during the
related Collection Period and (y) the aggregate Contract Value
of all Receivables as to which the related Finance Equipment
has been repossessed but in which the receivable has not been liquidated: $184,192.68
Page 18
(ii) 1.65% of the Pool Balance at the beginning of the Collection Period: $1,175,144.97
(c) (i) Aggregate Scheduled Payments delinquent by more than 60 days
as of the end of the related Collection Period: $1,047,669.95
(ii) 2.25% of the Pool Balance at the beginning of the Collection Period
in which the Payment Date occurs: $1,510,526.69
(29) Spread Account Balance over the Specified Spread Account Balance: $0.00
(30) Excess Amounts Distributed To Seller:
(a) Release of Excess Amount in Spread Account $0.00
(b) Release of Excess Amount in Negative Carry Account 0
(31) Amount to be withdrawn from the Spread Account and deposited
into the Note Distribution Account $0.00
(32) Amount to be withdrawn from the Spread Account and deposited
into the Certificate Distribution Account: $0.00
(33) Pool Balance as of the opening of business on the first day of
the Collection Period in which the Payment Date occurs: $67,134,519.43
(34) After giving effect to all distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-2 Notes: $19,410,840.78
A-2 Note Pool Factor: 0.0378379
Outstanding Principal Balance of the Certificates: $25,000,000.00
Certificate Pool Factor: 1.0000000
(35) Aggregate Purchase Amounts for related Collection Period: $0.00
(36) Aggregate Amount of Realized Losses for the related Collection Period: $15,349.39
(37) Spread Account Balance after giving effect to all distributions: $12,459,898.39
(38) Originally Scheduled Pool Balance as of the opening of business on the
first day of the Collection Period in which the Payment Date occurs: $161,775,380.02
(39) Number of Collection Periods since Completion of Funding Period 42
Page 19
(40) Current Month CPR 27.28%
(41) Life-to-Date CPR 22.22%
=====================================================================================================================
Page 20
CASE EQUIPMENT LOAN TRUST 1996-B
$125,000,000 Class A-1 5.5625% Asset Backed Notes due September 15, 1997
$362,000,000 Class A-2 6.25% Asset Backed Notes due September 15, 2003
$329,000,000 Class A-3 6.65% Asset Backed Notes due September 15, 2003
$25,000,000 Class B Asset Backed Notes due September 15, 2003
$34,000,000 6.95% Asset Backed Certificates due September 15, 2003
Prepared by Lisa Sorenson, Phone 414-636-6184
NPV Data Input Section IRR Calc (pool 1) 31-Aug-96 05-Aug-99 05-Aug-99 5-Aug-99 5-Aug-99
Scheduled cash flows as of the 8.309% Pool 1 Cutoff Pool 1 Pool 2 Pool 3 Pool 4
end of the collection period 0 (467,425,285.55) 1,472,181.16 4,773,572.88 6,286.80 826,594.00 1,103,405.54
Line 0 is scheduled amount 1 15,757,657.24 14,285,476.08 5,176,408.83 0.00 5,053,176.37 2,096,520.57
delinquent 2 10,488,530.06 10,488,530.06 3,047,555.70 7,212.88 2,404,103.48 5,373,399.02
3 11,648,174.21 11,648,174.21 3,301,446.73 5,626.36 890,190.06 3,216,522.34
4 13,676,813.20 13,676,813.20 4,438,979.62 0.00 1,046,118.47 1,105,255.26
5 9,531,315.06 9,531,315.06 4,264,880.71 0.00 1,031,260.19 995,352.63
6 8,372,935.20 8,372,935.20 3,156,835.41 0.00 652,773.11 727,497.59
7 11,722,851.90 11,722,851.90 2,849,039.40 0.00 660,714.86 690,764.73
8 17,207,560.18 17,207,560.18 4,189,365.14 0.00 500,506.18 637,762.38
9 14,691,800.81 14,691,800.81 6,757,112.26 0.00 433,825.89 607,779.54
10 17,197,279.08 17,197,279.08 4,754,758.26 0.00 403,570.00 520,276.51
11 15,504,490.86 15,504,490.86 4,605,540.11 0.00 424,275.77 600,671.28
12 11,904,998.66 11,904,998.66 4,553,042.56 0.00 663,432.99 716,334.41
13 7,211,819.84 7,211,819.84 2,754,316.91 0.00 3,942,263.00 1,671,850.36
14 8,633,057.26 8,633,057.26 867,272.05 0.00 1,770,688.95 4,018,471.54
15 10,443,070.12 10,443,070.12 1,002,475.00 0.00 520,380.01 2,403,750.96
16 11,720,349.94 11,720,349.94 1,506,641.11 0.00 518,402.73 657,916.14
17 8,564,089.35 8,564,089.35 1,527,565.19 0.00 481,664.51 437,224.92
18 7,479,246.64 7,479,246.64 893,139.14 0.00 235,529.49 299,167.56
19 10,611,284.66 10,611,284.66 802,587.71 0.00 178,228.49 244,005.47
20 16,496,614.28 16,496,614.28 1,514,583.54 0.00 177,344.65 192,941.32
21 14,115,082.64 14,115,082.64 2,594,084.45 0.00 119,270.06 168,971.47
22 16,562,222.16 16,562,222.16 1,539,815.52 0.00 78,212.94 134,856.56
23 14,840,653.37 14,840,653.37 1,718,741.10 0.00 93,117.16 162,855.88
24 11,271,867.97 11,271,867.97 1,317,648.93 0.00 252,598.25 252,035.58
25 6,644,313.99 6,644,313.99 606,703.63 0.00 1,796,843.39 788,047.13
26 7,693,316.20 7,693,316.20 181,200.19 0.00 713,555.14 1,490,198.49
27 9,795,133.28 9,795,133.28 133,093.02 0.00 220,189.92 1,093,810.88
28 10,958,156.04 10,958,156.04 196,860.10 0.00 108,696.45 302,899.43
29 8,033,198.42 8,033,198.42 131,785.50 0.00 143,496.37 86,427.43
30 7,001,521.70 7,001,521.70 58,129.01 0.00 34,096.29 90,591.82
31 10,001,306.67 10,001,306.67 28,992.18 0.00 21,930.87 7,967.18
32 15,686,375.93 15,686,375.93 233,174.37 0.00 358.23 29,437.44
33 13,305,308.18 13,305,308.18 143,811.52 0.00 0.00 1,178.75
34 15,253,592.56 15,253,592.56 47,718.35 0.00 0.00 1,178.75
35 13,439,340.18 13,439,340.18 91,017.61 0.00 0.00 1,178.75
36 9,627,709.80 9,627,709.80 5,560.22 0.00 21,298.59 1,178.75
Page 1
37 4,845,435.52 4,845,435.52 0.00 0.00 36,160.88 68,580.27
38 5,846,192.76 5,846,192.76 9,386.14 0.00 0.00 47,688.74
39 7,626,986.55 7,626,986.55 0.00 0.00 0.00 1,934.52
40 8,420,026.39 8,420,026.39 0.00 0.00 0.00 13,719.07
41 6,063,594.56 6,063,594.56 0.00 0.00 0.00 0.00
42 5,223,953.51 5,223,953.51 0.00 0.00 0.00 0.00
43 7,797,581.78 7,797,581.78 0.00 0.00 0.00 0.00
44 12,241,335.77 12,241,335.77 0.00 0.00 0.00 0.00
45 8,547,844.85 8,547,844.85 0.00 0.00 0.00 0.00
46 9,171,743.38 9,171,743.38 0.00 0.00 0.00 0.00
47 8,838,821.22 8,838,821.22 0.00 0.00 0.00 0.00
48 5,892,614.25 5,892,614.25 0.00 0.00 0.00 0.00
49 1,524,196.03 1,524,196.03 0.00 0.00 0.00 0.00
50 2,155,353.95 2,155,353.95 0.00 0.00 0.00 0.00
51 2,948,921.29 2,948,921.29 0.00 0.00 0.00 0.00
52 3,471,809.78 3,471,809.78 0.00 0.00 0.00 0.00
53 1,939,596.57 1,939,596.57 0.00 0.00 0.00 0.00
54 1,711,213.57 1,711,213.57 0.00 0.00 0.00 0.00
55 3,365,677.46 3,365,677.46 0.00 0.00 0.00 0.00
56 5,657,510.12 5,657,510.12 0.00 0.00 0.00 0.00
57 3,605,516.92 3,605,516.92 0.00 0.00 0.00 0.00
58 3,745,028.73 3,745,028.73 0.00 0.00 0.00 0.00
59 3,458,411.68 3,458,411.68 0.00 0.00 0.00 0.00
60 1,765,194.32 1,765,194.32 0.00 0.00 0.00 0.00
61 308,041.89 308,041.89 0.00 0.00 0.00 0.00
62 231,422.23 231,422.23 0.00 0.00 0.00 0.00
63 276,666.19 276,666.19 0.00 0.00 0.00 0.00
64 336,307.15 336,307.15 0.00 0.00 0.00 0.00
65 135,733.57 135,733.57 0.00 0.00 0.00 0.00
66 82,298.61 82,298.61 0.00 0.00 0.00 0.00
67 356,451.64 356,451.64 0.00 0.00 0.00 0.00
68 354,314.13 354,314.13 0.00 0.00 0.00 0.00
69 125,457.56 125,457.56 0.00 0.00 0.00 0.00
70 223,408.04 223,408.04 0.00 0.00 0.00 0.00
71 26,132.80 26,132.80 0.00 0.00 0.00 0.00
72 0.00 0.00 0.00 0.00 0.00 0.00
73 0.00 0.00 0.00 0.00 0.00 0.00
Total Time Balance of Scheduled Cash Flows
551,413,832.41 551,413,832.41 75,774,840.10 19,126.04 26,454,867.74 33,061,606.96
Page 2
CASE EQUIPMENT LOAN TRUST 1996-B
$125,000,000 Class A-1 5.5625% Asset Backed Notes due September 15, 1997
$362,000,000 Class A-2 6.25% Asset Backed Notes due September 15, 2003
$329,000,000 Class A-3 6.65% Asset Backed Notes due September 15, 2003
$25,000,000 Class B Asset Backed Notes due September 15, 2003
$34,000,000 6.95% Asset Backed Certificates due September 15, 2003
Prepared by Lisa Sorenson, Phone 414-636-6184 08/16/99
04:49 PM
Payment Date 16-Aug-99
Collection Period Begin Date 06-Jul-99
Collection Period End Date 31-Aug-96 05-Aug-99
Days in accrual period (30/360) 30
PART I -- MONTHLY DATA INPUT
Total Receipts During the Period $14,289,646.83
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Collections For The Period $14,289,646.83
Miscellaneous Data
Scheduled Amounts 30 - 59 days past due $1,855,875.50
Scheduled Amounts 60 days or more past due $2,454,888.70
Net Losses on Liquidated Receivables $115,218.80
Number of Loans at Beginning of Period 13,819
Number of Loans at End of Period 12,833
Repossessed Equipment not Sold or Reassigned (Beginning) $0.00
Repossessed Equipment not Sold or Reassigned (End) $0.00
Reinvestment Income (including Pre-Funding Account) $119,363.35
Pre-Funding Account Reinvestment Income $0.00
Additional Class B Notes (max $75,000,000) $0.00
- ----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------
Page 3
CASE EQUIPMENT LOAN TRUST 1996-B
$125,000,000 Class A-1 5.5625% Asset Backed Notes due September 15, 1997
$362,000,000 Class A-2 6.25% Asset Backed Notes due September 15, 2003
$329,000,000 Class A-3 6.65% Asset Backed Notes due September 15, 2003
$25,000,000 Class B Asset Backed Notes due September 15, 2003
$34,000,000 6.95% Asset Backed Certificates due September 15, 2003
Payment Date 16-Aug-99
Collection Period Begin Date 06-Jul-99
Collection Period End Date 05-Aug-99
PART II -- SUMMARY
Total Principal Balance of Notes and Certificates (Beginning of Period) $152,587,175.40
A-1 Note Beginning Principal Balance $0.00
A-2 Note Beginning Principal Balance $0.00
A-3 Note Beginning Principal Balance $118,677,480.92
B Note Beginning Principal Balance $9,018,045.66
Certificate Beginning Principal Balance $24,891,648.83
Total Principal Balance of Notes and Certificates (End of Period) $139,174,771.56
A-1 Note Principal Balance (End of Period) $0.00
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Principal Balance (End of Period) $0.00
A-2 Note Pool Factor (End of Period) 0.0000000
A-3 Note Principal Balance (End of Period) $106,695,656.68
A-3 Note Pool Factor (End of Period) 0.3243029
B Note Principal Balance (End of Period) $8,107,572.70
B Note Pool Factor (End of Period) 0.3243029
Certificate Principal Balance (End of Period) $24,371,542.19
Certificate Pool Factor (End of Period) 0.7168101
Contract Value Decline $13,002,665.93
Pool Balance (Beg. of Collection Period) $170,308,891.65
Pool Balance (End of Collection Period) $157,306,225.72
Total Distribution Amount (TDA) $14,409,010.18
Total Collections and Investment Income for the Period $14,409,010.18
Negative Carry Amount $0.00
Administration Fee Accrued during this Period $166.67
Principal Distribution Amount (PDA) $13,002,665.93
Release from Spread Account to A-1 Noteholders as Principal $0.00
Release from Spread Account to A-2 Noteholders as Principal $0.00
Release from Spread Account to A-3 Noteholders as Principal $380,801.62
Release from Spread Account to B Noteholders as Principal $28,936.29
A-1 Noteholders' Principal Distributable Amount $0.00
Page 4
A-2 Noteholders' Principal Distributable Amount $0.00
A-3 Noteholders' Principal Distributable Amount $11,601,022.62
B Noteholders' Principal Distributable Amount $881,536.67
Certificateholders' Principal Distributable Amount $520,106.64
Interest Distributable Amount $854,515.59
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $657,671.04
Noteholders' Interest Distributable Amount applicable to B Notes $52,680.42
Certificateholders' Interest Distributable Amount $144,164.13
Servicing Fees Accrued during this Period $141,924.08
Total Distribution Amount Remaining to Deposit to Spread Account $409,737.91
Spread Account
Beginning Spread Account Balance $17,517,793.16
Deposit to Spread Account from Pre-Funding Account/Additional Class B Notes $0.00
Deposit to Spread Account from Excess Collections over Distributions $409,737.91
Distribution from Spread Account for Interest / Principal Shortfall $0.00
Preliminary Spread Account Balance Remaining $17,927,531.07
Specified Spread Account Balance $17,517,793.16
Release from Spread Account to Seller as "Excess Servicing Fee" $0.00
Ending Spread Account Balance (after distributions) $17,517,793.16
Credit Enhancement 24.16%
Spread account % of Ending Pool Balance 11.14%
Overcollateralization % of Ending Pool Balance 13.03%
Life-to-Date CPR 23.88%
Scheduled Amounts 30 - 59 days past due $1,855,875.50
as % of Ending Pool Balance 1.18%
Scheduled Amounts 60 days or more past due $2,454,888.70
as % of Ending Pool Balance 1.56%
Net Losses on Liquidated Receivables $115,218.80
as % of Ending Pool Balance 0.07%
- ----------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------
Page 5
PART III -- SERVICING CALCULATIONS 16-Aug-99
1. Sources and Uses of
Collection Account Balance Pool 1 Cutoff Pool 1 Pool 2 Pool 3 Pool 4
Wtd. Avg. APR 8.310% 8.310% 6.782% 9.186% 9.025%
Contract Value (Beg. of Collection Period),
by origination pool $79,970,908.38 $18,920.81 $25,936,765.13 $31,946,906.91
Contract Value (End of Collection Period),
by origination pool $467,425,285.55 $70,962,603.48 $18,950.87 $24,597,967.16 $30,655,163.08
Contract Value Decline $9,008,304.90 ($30.06) $1,338,797.97 $1,291,743.83
Initial Pool Balance $875,889,658.01 13,002,665.93
Pool Balance (End of Collection Period) $157,306,225.72
Total Collections and Investment
Income for the period $14,409,010.18
Negative Carry Amount $0.00
Total Distribution Amount (TDA) $14,409,010.18
Principal Distribution Amount (PDA) $13,002,665.93
Interest Distribution Amount (IDA) $1,406,344.25
2. Calculation of Distributable Amounts
A-1 Note Beginning Principal Balance $0.00
A-1 Noteholders' Principal Carryover Shortfall
(Previous Period) $0.00
A-1 Noteholders' Share of the Principal
Distribution Amount 0.00%
A-1 Noteholders' Principal Distributable Amount $0.00
A-2 Note Beginning Principal Balance $0.00
A-2 Noteholders' Principal Carryover Shortfall
(Previous Period) $0.00
A-2 Noteholders' Share of the Principal
Distribution Amount 0.00%
A-2 Noteholders' Principal Distributable Amount $0.00
A-3 Note Beginning Principal Balance $118,677,480.92
A-3 Noteholders' Principal Carryover
Shortfall (Previous Period) $0.00
A-3 Noteholders' Share of the Principal
Distribution Amount 89.22%
A-3 Noteholders' Principal Distributable Amount $11,601,022.62
B Note Beginning Principal Balance $9,018,045.66
B Noteholders' Principal Carryover Shortfall
(Previous Period) $0.00
B Noteholders' Share of the Principal
Distribution Amount 6.78%
B Noteholders' Principal Distributable Amount $881,536.67
Certificate Beginning Principal Balance $24,891,648.83
Certificateholders' Principal Carryover
Shortfall (Previous Period) $0.00
Certificateholders' Share of the Principal
Distribution Amount 4.00%
Certificateholders' Principal Distributable Amount $520,106.64
Interest Accrued on Class A-1 Notes this period 5.5625% $0.00
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to A-1 Notes $0.00
Page 6
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount
applicable to A-1 Notes $0.00
Interest Accrued on Class A-2 Notes this period 6.25% $0.00
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount
applicable to A-2 Notes $0.00
Interest Accrued on Class A-3 Notes this period 6.65% $657,671.04
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount
applicable to A-3 Notes $657,671.04
Interest Accrued on Class A-1, A-2 and A-3
Notes this period $657,671.04
Offered Noteholders' Interest Carryover
Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Offered Noteholders' Interest Distributable Amount $657,671.04
Interest Accrued on Class B Notes this period 7.01% $52,680.42
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount
applicable to B Notes $52,680.42
Interest Accrued on Certificates this period 6.95% $144,164.13
Certificateholders' Interest Carryover
Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Certificateholders' Interest Distributable Amount $144,164.13
3. Allocation of Total Distribution Amount
Total Distribution Amount $14,409,010.18
Administration Fee Shortfall (Previous Period) $0.00
Administration Fee Accrued during this Period $500/qtr. $166.67
Administration Fee Paid this Period from TDA $166.67
Administration Fee Shortfall $0.00
Total Distribution Amount Remaining $14,408,843.51
Page 7
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest applicable to A-1 Notes
Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover
Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-2 Notes this period $0.00
Noteholders' Interest applicable to A-2 Notes
Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover
Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-3 Notes this period $657,671.04
Noteholders' Interest applicable to A-3 Notes
Paid this Period from TDA $657,671.04
Preliminary Noteholders' Interest Carryover
Shortfall (Current Period) applicable to A-3 Notes $0.00
Offered Noteholders' Interest Carryover
Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1, A-2 and A-3
Notes this period $657,671.04
Offered Noteholders' Interest Paid this
Period from TDA $657,671.04
Preliminary Noteholders' Interest Carryover
Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $13,751,172.47
A-1 Noteholders' Principal Carryover
Shortfall (Previous Period) $0.00
A-1 Noteholders' Monthly Principal
Distributable Amount $0.00
A-1 Noteholders' Principal Distributable
Amount Paid from TDA $0.00
Preliminary A-1 Noteholders' Principal
Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $13,751,172.47
A-2 Noteholders' Principal Carryover
Shortfall (Previous Period) $0.00
A-2 Noteholders' Monthly Principal
Distributable Amount $0.00
A-2 Noteholders' Principal Distributable
Amount Paid from TDA $0.00
Preliminary A-2 Noteholders' Principal
Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $13,751,172.47
A-3 Noteholders' Principal Carryover
Shortfall (Previous Period) $0.00
A-3 Noteholders' Monthly Principal
Distributable Amount $11,601,022.62
A-3 Noteholders' Principal Distributable
Amount Paid from TDA $11,601,022.62
Preliminary A-3 Noteholders' Principal
Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $2,150,149.85
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Page 8
Interest Accrued on Class B Notes this period $52,680.42
Noteholders' Interest applicable to B Notes
Paid this Period from TDA $52,680.42
Preliminary Noteholders' Interest Carryover
Shortfall (Current Period) applicable to B Notes $0.00
Total Distribution Amount Remaining $2,097,469.44
B Noteholders' Principal Distributable Amount $0.00
B Noteholders' Monthly Principal Distributable Amount $881,536.67
B Noteholders' Principal Distributable
Amount Paid from TDA $881,536.67
Preliminary B Noteholders' Principal
Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $1,215,932.76
Certificateholders' Interest Carryover
Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Interest Accrued on Certificates this period $144,164.13
Certificateholders' Interest Paid this
Period from TDA $144,164.13
Preliminary Certificateholders' Interest
Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $1,071,768.63
Certificateholders' Principal Carryover
Shortfall (Previous Period) $0.00
Certificateholders' Principal Distributable
Amount applicable to current period $520,106.64
Certificateholders' Principal Distributable
Amount Paid from TDA $520,106.64
Preliminary Certificateholders' Principal
Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $551,661.99
Servicing Fee Shortfall (Previous Period) $0.00
Servicing Fees Accrued during this Period 1.00% $141,924.08
Servicing Fees Paid this Period from TDA $141,924.08
Servicing Fee Shortfall $0.00
Total Distribution Amount Remaining to
Deposit to Spread Acct $409,737.91
4. Reconciliation of Pre-Funding Account
Beginning Pre-Funding Account Balance $0.00
New Collateral Purchased $0.00
Deposit to Spread Account 3.75% $0.00
Payment to Seller $0.00
Ending Pre-Funding Account Balance $0.00
Page 9
Excess Pre-Funded Amount/(Payment to Seller) $0.00
Adjusted Ending Pre-Funding Account Balance $0.00
5. Reconciliation of Negative Carry Account
Beginning Negative Carry Account Balance $0.00
Pre-Funded Percentage 0.000%
Negative Carry Amount $0.00
Cumulative Negative Carry Amount $1,279,542.53
Maximum Negative Carry Amount $0.00
Required Negative Carry Account Balance $0.00
Interim Ending Negative Carry Account Balance $0.00
Negative Carry Amount Released to Seller $0.00
Ending Negative Carry Account Balance $0.00
6. Distributions from Spread Account
Beginning Spread Account Balance $17,517,793.16
Deposit to Spread Account from Pre-Funding
Account/Additional Class B Notes $0.00
Deposit to Spread Account from Excess
Collections over Distributions $409,737.91
Distribution from Spread Account to
Noteholders' Distr. Account $0.00
Adjustment to Preliminary Noteholders'
Interest Carryover Shortfall (Current Period)
applicable to A-1 Notes $0.00
Adjustment to Preliminary Noteholders'
Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Adjustment to Preliminary Noteholders'
Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Adjustment to Preliminary Noteholders' Interest
Carryover Shortfall (Current Period) applicable to B Notes $0.00
Adjustment to Preliminary A-1 Noteholders' Principal
Carryover Shortfall (Current Period) $0.00
Adjustment to Preliminary A-2 Noteholders' Principal
Carryover Shortfall (Current Period) $0.00
Adjustment to Preliminary A-3 Noteholders' Principal
Carryover Shortfall (Current Period) $0.00
Adjustment to Preliminary B Noteholders' Principal
Carryover Shortfall (Current Period) $0.00
Preliminary Spread Account Balance Remaining $17,927,531.07
Distribution from Spread Account to
Certificateholders' Distr. Account $0.00
Adjustment to Preliminary Certificateholders'
Interest Carryover Shortfall (Current Period) $0.00
Adjustment to Prelim. Certificateholders'
Principal Carryover Shortfall (Current Period) $0.00
Preliminary Spread Account Balance Remaining $17,927,531.07
Cumulative Realized Losses since
31-August-96 (Cut-off Date) $3,426,963.92
Are Cum. Realized Losses > 2.25% of
Initial Pool Balance? NO
12*(Realized Losses during Collection Period + Repos
at end of Collection Period) $1,382,625.60
Is 12*Realized Losses + Unliq. Repos > 1.65%
of Beg. Pool Balance? NO
60 day or > Delinquent Scheduled Amounts $2,454,888.70
Are 60 day or > Delinquencies > 2.25% of
Ending Pool Balance? NO
Are any of the three conditions "YES"? NO
Page 10
Case Credit has discovered a systems error in the report used to identify losses
for the trust. The report only identified losses that had been applied against dealer
reserves. It failed to include in the loss figure any losses that were not covered
by dealer reserves. This resulted in an inadvertent and immaterial understatement
of losses in the monthly servicer reports for years prior to 1999. The systems error
had no impact on historical loss figures reflected in the prospectuses for the ABS
transactions, which were generated separately and were accurate.
As a result of the systems error, Case Credit incorrectly absorbed the losses
that were not included in the monthly servicer reports through its on-book reserves.
Case Credit will not charge these losses back to the trust. The cumulative
amount of losses that were inadvertently absorbed by Case Credit that should
have been charged to the trust was: 642,178.54
If the monthly servicer reports for the trust were restated, the cumulative loss
test would still have been met as indicated below:
Restated Cumulative Realized Losses: 4,069,142.46
Are Cumulative Realized Losses GREATER THAN 2.25% of the Initial Pool Balance? NO
Preliminary A-1 Note Principal Balance (End of Period) $0.00
Preliminary A-2 Note Principal Balance (End of Period) $0.00
Preliminary A-3 Note Principal Balance (End of Period) $107,076,458.30
Preliminary B Note Principal Balance (End of Period) $8,136,508.99
Preliminary Certificate Principal Balance (End of Period) $24,371,542.19
Preliminary Total Principal Balance of Notes and Certificates (End of Period) $139,584,509.47
Specified Spread Account Balance $17,517,793.16
Greater of:
(a) 3.75% of Pool Balance at end of Collection Period; and 3.75% $5,898,983.46
(b)(i) 2.50% of Initial Pool Balance (Until Outstanding Note and
Certificate Balance = Spread Account), or 2.50% $21,897,241.45
(b)(ii) 2.25% of Initial Pool Balance (when principal amount of Notes
and Certificates LESS THAN OR EQUAL TO 97.50% of Pool Balance), or 2.25% $19,707,517.31
(b)(iii) 2.00% of Initial Pool Balance (when principal amount of Notes
and Certificates LESS THAN OR EQUAL TO 96.25% of Pool Balance) 2.00% $17,517,793.16
Preliminary Spread Account Balance Remaining $17,927,531.07
Preliminary Excess Amount in Spread Account $409,737.91
Release from Spread Account to Seller as "Excess Servicing Fee" Turbo Date $0.00
Release from Spread Account to A-1 Noteholders as Principal 15-Jul-97 $0.00
Release from Spread Account to A-2 Noteholders as Principal $0.00
Release from Spread Account to A-3 Noteholders as Principal $380,801.62
Release from Spread Account to B Noteholders as Principal $28,936.29
Page 11
Ending Spread Account Balance (after distributions) $17,517,793.16
Net Change in Spread Account Balance $0.00
7. Ending Balances
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Ending Balance) $0.00
Certificateholders' Principal Carryover Shortfall (Ending Balance) $0.00
A-1 Note Principal Balance (End of Period) $0.00
A-2 Note Principal Balance (End of Period) $0.00
A-3 Note Principal Balance (End of Period) $106,695,656.68
B Note Principal Balance (End of Period) $8,107,572.70
Certificate Principal Balance (End of Period) $24,371,542.19
Total Principal Balance of Notes and Certificates (End of Period) $139,174,771.56
A-1 Note Pool Factor (End of Period) $125,000,000.00 0.0000000
A-2 Note Pool Factor (End of Period) $362,000,000.00 0.0000000
A-3 Note Pool Factor (End of Period) $329,000,000.00 0.3243029
B Note Pool Factor (End of Period) $25,000,000.00 0.3243029
Certificate Pool Factor (End of Period) $34,000,000.00 0.7168101
Total Notes & Certificates Pool Factor (End of Period) 0.1590569
Specified Spread Account Balance (after all distributions and adjustments) $17,517,793.16
Page 12
CASE EQUIPMENT LOAN TRUST 1996-B
STATEMENT TO NOTEHOLDERS
$125,000,000 Class A-1 5.5625% Asset Backed Notes due September 15, 1997
$362,000,000 Class A-2 6.25% Asset Backed Notes due September 15, 2003
$329,000,000 Class A-3 6.65% Asset Backed Notes due September 15, 2003
$25,000,000 Class B Asset Backed Notes due September 15, 2003
$34,000,000 6.95% Asset Backed Certificates due September 15, 2003
Payment Date: 16-Aug-99
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(c) A-3 Notes: $11,981,824.24
per $1,000 original principal amount: $36.41891866
(d) B Notes: $910,427.92
per $1,000 original principal amount: $36.41891866
(e) Total $12,892,297.21
(2) Interest on the Notes
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(c) A-3 Notes: $657,671.04
per $1,000 original principal amount: $1.99900012
(d) B Notes: $52,680.42
per $1,000 original principal amount: $2.10721667
(e) Total $710,351.46
(3) Pool Balance at the end of the related Collection Period $157,306,225.72
(4) After giving effect to distributions on current Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
Page 13
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $106,695,656.68
(ii) A-3 Note Pool Factor: $0.3243029
(d) (i) outstanding principal amount of A-3 Notes: $8,107,572.70
(ii) A-3 Note Pool Factor: $0.3243029
(e) (i) Certificate Balance $24,371,542.19
(ii) Certificate Pool Factor: 0.7168101
(5) Amount of Servicing Fee: $141,924.08
per $1,000 Beginning of Collection Period: 0.16203420
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.00019028
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $115,218.80
(9) Amount in Spread Account: $17,517,793.16
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
Page 14
CASE EQUIPMENT LOAN TRUST 1996-B
STATEMENT TO CERTIFICATEHOLDERS
$125,000,000 Class A-1 5.5625% Asset Backed Notes due September 15, 1997
$362,000,000 Class A-2 6.25% Asset Backed Notes due September 15, 2003
$329,000,000 Class A-3 6.65% Asset Backed Notes due September 15, 2003
$25,000,000 Class B Asset Backed Notes due September 15, 2003
$34,000,000 6.95% Asset Backed Certificates due September 15, 2003
Payment Date: 16-Aug-99
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(c) A-3 Notes: 11,981,824.24
per $1,000 original principal amount: 36.41891866
(d) B Notes: 910,472.97
per $1,000 original principal amount: 36.41891866
(e) Certificates: $520,106.64
per $1,000 original principal amount: $15.29725404
(f) Total: $13,412,403.84
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(c) A-3 Notes: $657,671.04
per $1,000 original principal amount: $1.99900012
(d) B Notes: $52,680.42
per $1,000 original principal amount: $2.10721667
(e) Certificates: $144,164.13
per $1,000 original principal amount: $4.24012155
(f) Total: $854,515.59
Page 15
(3) Pool Balance at end of related Collection Period: $157,306,225.72
(4) After giving effect to distributions on this Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $106,695,656.68
(ii) A-3 Note Pool Factor: 0.3243029
(d) (i) outstanding principal amount of B Notes: $8,107,572.70
(ii) B Note Pool Factor: 0.3243029
(e) (i) Certificate Balance $24,371,542.19
(ii) Certificate Pool Factor: 0.7168101
(5) Amount of Servicing Fee: $141,924.08
per $1,000 Beginning of Collection Period: $0.16203420
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: $0.00019028
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $115,218.80
(9) Amount in Spread Account: $17,517,793.16
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
=====================================================================================================================
Page 16
CASE EQUIPMENT LOAN TRUST 1996-B
PAYMENT AND DEPOSIT INSTRUCTIONS TO INDENTURE TRUSTEE
$125,000,000 Class A-1 5.5625% Asset Backed Notes due September 15, 1997
$362,000,000 Class A-2 6.25% Asset Backed Notes due September 15, 2003
$329,000,000 Class A-3 6.65% Asset Backed Notes due September 15, 2003
$25,000,000 Class B Asset Backed Notes due September 15, 2003
$34,000,000 6.95% Asset Backed Certificates due September 15, 2003
Payment Date: 16-Aug-99
(1) Payment of Administration Fee to Administrator: $166.67
(2) Offered Noteholders' Interest Distributable Amount & Class B Noteholders'
Interest Distributable Amount deposited into Note Distribution Account: $710,351.46
(3) Noteholders' Principal Distributable Amount to be
deposited into Noteholders' Distribution Account: $12,892,297.21
(4) Certificateholders' Interest Distributable Amount to be
deposited into Certificateholders' Distribution Account: $144,164.13
(5) Certificateholders' Principal Distributable Amount to be
deposited into Certificateholders' Distribution Account: $520,106.64
(6) Payment of Servicing Fee to Servicer: $141,924.08
(7) Deposit to Spread Account from Excess Collections over Distributions: $409,737.91
Check for Error NO ERROR
Sum of Above Distributions $14,818,748.09
Total Distribution Amount plus Turbo $14,818,748.09
=====================================================================================================================
Page 17
CASE EQUIPMENT LOAN TRUST 1996-B
SERVICER'S CERTIFICATE
$125,000,000 Class A-1 5.5625% Asset Backed Notes due September 15, 1997
$362,000,000 Class A-2 6.25% Asset Backed Notes due September 15, 2003
$329,000,000 Class A-3 6.65% Asset Backed Notes due September 15, 2003
$25,000,000 Class B Asset Backed Notes due September 15, 2003
$34,000,000 6.95% Asset Backed Certificates due September 15, 2003
Payment Date: 16-Aug-99
(1) Total Distribution Amount: $14,409,010.18
(2) Administration Fee: $166.67
(3) Noteholders' Interest Distributable Amount applicable to A-1 Notes: $0.00
(4) Noteholders' Interest Carryover Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable Amount applicable to A-2 Notes: $0.00
(6) Noteholders' Interest Carryover Shortfall applicable to A-2 Notes: $0.00
(7) Noteholders' Interest Distributable Amount applicable to A-3 Notes: $657,671.04
(8) Noteholders' Interest Carryover Shortfall applicable to A-3 Notes: $0.00
(9) Noteholders' Interest Distributable Amount applicable to B Notes: $52,680.42
(10) Noteholders' Interest Carryover Shortfall applicable to B Notes: $0.00
(11) Offered Noteholders' Interest Distributable Amount & Class B Noteholders' $710,351.46
Interest Distributable Amount deposited into Note Distribution Account:
(12) A-1 Noteholders' Monthly Principal Distributable Amount: $0.00
(13) % of Principal Distribution Amount applicable to A-1 Noteholders 0.00%
(14) A-1 Noteholders' Principal Carryover Shortfall: $0.00
(15) A-1 Noteholders' Principal Distributable Amount: $0.00
(16) A-2 Noteholders' Monthly Principal Distributable Amount: $0.00
(17) % of Principal Distribution Amount applicable to A-2 Noteholders 0.00%
(18) A-2 Noteholders' Principal Carryover Shortfall: $0.00
Page 18
(19) A-2 Noteholders' Principal Distributable Amount: $0.00
(20) A-3 Noteholders' Monthly Principal Distributable Amount: $11,601,022.62
(21) % of Principal Distribution Amount applicable to A-3 Noteholders 89.22%
(22) A-3 Noteholders' Principal Carryover Shortfall: $0.00
(23) A-3 Noteholders' Principal Distributable Amount: $11,981,824.24
(24) B Noteholders' Monthly Principal Distributable Amount: $881,536.67
(25) % of Principal Distribution Amount applicable to B Noteholders 6.78%
(26) B Noteholders' Principal Carryover Shortfall: $0.00
(27) B Noteholders' Principal Distributable Amount: $910,472.97
(28) Noteholders' Principal Distribution Amount: $12,892,297.21
(29) Noteholders' Distributable Amount: $13,602,648.66
(30) Certificateholders' Interest Distributable Amount: $144,164.13
(31) Certificateholders' Interest Carryover Shortfall: $0.00
(32) Certificateholders' Percentage: 4.00%
(33) Certificateholders' Principal Distributable Amount applicable to current period $520,106.64
(34) Certificateholders' Principal Carryover Shortfall: $0.00
(35) Certificateholders' Principal Distributable Amount: $520,106.64
(36) Certificateholders' Distributable Amount: $664,270.77
(37) Servicing Fee: $141,924.08
(38) Deposit to Spread Account (from excess collections): $409,737.91
Page 19
(39) Specified Spread Account Balance (after all distributions and adjustments) : $17,517,793.16
The greater of:
(a) 3.75% of the Pool Balance at the beginning of the Collection Period in
which the Payment Date occurs; and $5,898,983.46
(b)(i) 2.50% of Initial Pool Balance (Until Outstanding Note and Certificate
Balance = Spread Account), or $21,897,241.45
(b)(ii) 2.25% of the Initial Pool Balance when principal amount of Notes
and Certificates LESS THAN OR EQUAL TO 97.50% of Pool Balance $19,707,517.31
(b)(iii) 2.00% of the Initial Pool Balance when principal amount of Notes
and Certificates LESS THAN OR EQUAL TO 96.25% of Pool Balance $17,517,793.16
(40) Spread Account Trigger Tests:
(a)(i) Aggregate Realized Losses from the Initial Cutoff Date through the
end of the related Collection Period: $3,426,963.92
(ii) 2.25% of the Initial Pool Balance: 2.25% $19,707,517.31
(b)(i) 12 times the sum of (x) the aggregate Realized Losses during the
related Collection Period and (y) the aggregate Contract Value of all
Receivables as to which the related Finance Equipment has been
repossessed but in which the receivable has not been liquidated: $1,382,625.60
(ii) 1.65% of the Pool Balance at the beginning of the Collection Period: 1.65% $2,780,957.37
(c)(i) Aggregate Scheduled Payments delinquent by more than 60 days as of
the end of the related Collection Period: $2,454,888.70
(ii) 2.25% of the Pool Balance at the beginning of the Collection Period
in which the Payment Date occurs: 2.25% $3,502,012.74
(41) Spread Account Balance over the Specified Spread Account Balance: $409,737.91
(42) Excess Amounts Distributed To Seller:
(a) Release of Excess Amount in Spread Account $0.00
(b) Release of Excess Amount in Negative Carry Account 0.00
(43) Amount to be withdrawn from the Spread Account and deposited
into the Note Distribution Account $0.00
(44) Amount to be withdrawn from the Spread Account and deposited
into the Certificate Distribution Account: $0.00
(45) Pool Balance as of the opening of business on the first day of the
Collection Period in which the Payment Date occurs: $157,306,225.72
Page 20
(46) After giving effect to all distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-2 Notes: $0.00
A-2 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-3 Notes: $106,695,656.68
A-3 Note Pool Factor: 0.3243029
Outstanding Principal Balance of B Notes: $8,107,572.70
B Note Pool Factor: 0.3243029
Outstanding Principal Balance of the Certificates: $24,371,542.19
Certificate Pool Factor: 0.7168101
(47) Aggregate Purchase Amounts for related Collection Period: $0.00
(48) Aggregate Amount of Realized Losses for the related Collection Period: $115,218.80
(49) Spread Account Balance after giving effect to all distributions: $17,517,793.16
(50) Originally Scheduled Pool Balance as of the opening of business on the
first day of the Collection Period in which the Payment Date occurs: $3,854,061.60
(51) Number of Collection Periods since Completion of Funding Period 35
(53) Life-to-Date (From Jan-97 Collection Period) CPR 23.88%
========================================================================================
Page 21
5-Aug-99 5-Aug-99
Pool 5 Pool 6
958,158.34 21,346.07
1,371,896.21 84,165.59
1,206,617.29 44,512.46
5,746,747.15 71,534.89
2,876,893.77 272,533.55
1,015,853.55 196,088.96
605,051.53 38,006.22
548,196.43 31,093.81
573,031.28 62,040.74
685,270.96 62,817.70
530,893.26 39,593.61
641,511.68 37,415.21
618,843.31 41,899.91
1,015,800.18 58,787.66
938,756.54 37,415.21
4,680,280.28 59,673.68
2,145,351.65 191,094.04
475,654.90 175,509.87
198,275.12 8,694.66
170,980.66 5,088.47
197,085.32 5,088.47
181,232.77 33,554.60
106,674.75 6,949.46
208,519.15 6,949.46
163,541.78 6,949.46
330,234.93 6,949.46
311,106.47 6,949.46
1,763,360.65 28,469.97
1,069,624.19 92,846.42
185,846.75 59,184.74
635.46 0.00
25,283.83 0.00
38,037.07 0.00
5,510.60 0.00
635.46 0.00
21,835.04 0.00
635.46 0.00
Page 22
37,338.69 0.00
83,714.88 0.00
143,540.49 12,875.66
30,987.12 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
31,909,444.95 1,806,079.47
Page 23
Pool 5 Pool 6
9.089% 8.864%
$30,669,369.76 $1,766,020.66
$29,410,326.13 $1,661,215.00
$1,259,043.63 $104,805.66
Page 24
CASE EQUIPMENT LOAN TRUST 1997-A
$71,500,000 Class A-1 5.597% Asset Backed Notes due March 15, 1998
$282,000,000 Class A-2 6.000% Asset Backed Notes due March 15, 2004
$259,125,000 Class A-3 6.450% Asset Backed Notes due March 15, 2004
$26,000,000 Class B 6.700% Asset Backed Notes due March 15, 2004
$11,375,000 6.700% Asset Backed Certificates due March 15, 2004
Prepared by Lisa Sorenson, Phone 414-636-6184 File: us97a.xls
------------------------------------------------------
NPV Data Input Section 28-Feb-97 05-Aug-99 05-Aug-99
------------------------------------------------------
Scheduled cash flows as of the Pool 1 Cutoff Pool 1 Pool 2
end of the collection period - 2,852,218.01 581,252.64
Line 0 is scheduled amount 6,224,948.06 2,733,052.63 827,021.13
delinquent 4,087,399.27 2,486,895.91 854,327.94
4,191,051.44 3,114,131.84 661,253.88
4,860,539.72 6,105,982.66 1,011,103.20
4,890,016.88 10,823,101.17 1,212,999.72
8,243,609.27 7,987,694.26 1,124,514.79
4,447,750.58 3,918,946.94 4,510,136.76
6,498,644.13 1,783,026.21 3,119,743.42
14,972,196.07 1,498,169.42 398,117.90
23,007,915.80 1,636,995.87 432,725.09
15,613,409.45 1,678,973.25 440,595.39
7,785,366.54 1,717,906.58 484,497.58
3,880,079.26 2,021,480.86 559,138.33
3,600,829.31 1,672,264.92 524,036.99
3,835,204.18 2,283,849.06 409,077.44
4,406,106.30 5,014,137.51 662,801.53
4,331,724.09 9,005,383.47 814,798.58
7,068,300.66 5,488,568.88 811,943.82
3,940,812.53 2,190,374.36 2,890,919.63
6,159,747.89 667,525.57 1,848,039.13
14,561,634.89 397,685.23 100,494.00
22,594,768.79 504,755.67 118,600.79
15,235,344.04 519,778.22 113,978.42
7,445,650.52 528,763.14 151,908.73
3,579,468.36 670,567.92 212,479.87
3,299,938.35 549,304.52 128,144.83
3,563,571.09 848,142.68 78,759.94
3,983,635.33 2,389,097.71 217,967.81
4,043,413.87 5,308,238.69 412,414.31
6,668,398.88 2,870,191.58 394,070.30
3,721,394.41 990,780.78 1,387,452.87
5,930,985.23 99,280.12 842,445.95
14,048,509.71 5,331.69 2,540.13
21,617,434.15 45,801.88 2,250.64
14,319,031.03 14,356.23 23,710.86
6,622,218.98 47,941.31 0.00
2,794,527.41 35,379.82 55,264.82
2,537,050.75 69,380.04 26,950.96
2,704,903.39 229,189.95 0.00
3,060,906.46 235,482.12 0.00
3,177,927.21 241,530.87 15,465.97
----------------------------------
NPV Data Input Section 05-Aug-99 05-Aug-99
----------------------------------
Scheduled cash flows as of the Pool 3 Pool 4
end of the collection period 1,520,912.98 1,011,541.82
Line 0 is scheduled amount 1,348,918.86 919,541.78
delinquent 1,210,539.85 912,687.37
1,133,273.89 1,107,151.02
1,382,921.83 1,142,899.98
1,558,537.82 1,362,953.68
1,324,893.70 1,035,126.89
1,423,723.72 846,841.61
7,189,963.11 1,484,064.50
2,614,976.07 5,063,387.17
626,595.37 1,598,548.69
680,209.68 654,829.25
830,890.36 582,670.27
876,562.96 619,849.34
714,960.97 624,624.79
728,341.38 745,701.59
846,347.62 793,731.32
1,008,995.27 998,472.14
896,902.48 785,297.72
874,918.36 608,757.58
4,086,691.43 982,199.23
1,421,163.18 2,737,710.41
199,824.68 883,850.69
206,726.66 194,276.78
237,817.94 142,449.37
362,667.30 180,520.72
221,778.09 181,642.05
238,439.66 195,626.41
256,075.91 242,353.86
403,029.64 318,471.45
419,972.68 285,102.24
362,232.32 149,539.80
2,082,441.36 372,686.11
611,335.11 1,326,407.56
36,775.45 363,862.62
34,332.55 36,348.73
28,033.61 1,013.36
51,626.76 12,424.09
22,299.64 17,341.47
55,730.44 26,775.35
18,636.70 673.13
34,101.19 6,265.18
Page 1
------------------------------------------------------
NPV Data Input Section 28-Feb-97 05-Aug-99 05-Aug-99
------------------------------------------------------
Scheduled cash flows as of the Pool 1 Cutoff Pool 1 Pool 2
end of the collection period 5,473,838.49 30,586.53 41,797.19
Line 0 is scheduled amount 2,780,181.99 10,510.96 74,792.25
delinquent 4,848,252.59 0.00 11,420.11
12,421,394.48 0.00 0.00
19,846,926.73 0.00 0.00
10,668,299.66 0.00 0.00
4,018,932.10 0.00 0.00
999,620.21 0.00 0.00
715,596.94 0.00 0.00
729,463.38 0.00 0.00
978,501.21 0.00 0.00
1,067,113.54 0.00 0.00
2,553,275.87 0.00 0.00
800,506.74 0.00 0.00
2,078,844.49 0.00 0.00
7,648,805.10 0.00 0.00
12,223,538.12 0.00 0.00
6,284,273.88 0.00 0.00
1,911,175.78 0.00 0.00
92,369.69 0.00 0.00
41,527.82 0.00 0.00
38,987.30 0.00 0.00
13,226.62 0.00 0.00
99,942.27 0.00 0.00
66,826.08 0.00 0.00
60,733.30 0.00 0.00
655,358.90 0.00 0.00
584,135.41 0.00 0.00
430,830.03 0.00 0.00
139,155.22 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
Total Time Balance of Scheduled Cash Flows 93,322,757.04 28,591,955.64
----------------------------------
NPV Data Input Section 05-Aug-99 05-Aug-99
----------------------------------
Scheduled cash flows as of the Pool 3 Pool 4
end of the collection period 0.00 105,308.21
Line 0 is scheduled amount 35,238.87 673.13
delinquent 42,142.50 51,861.78
0.00 42,250.21
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
5,516.38 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
Total Time Balance of Scheduled Cash Flows 40,268,016.33 31,756,312.45
Page 2
CASE EQUIPMENT LOAN TRUST 1997-A
$71,500,000 Class A-1 5.597% Asset Backed Notes due March 15, 1998
$282,000,000 Class A-2 6.000% Asset Backed Notes due March 15, 2004
$259,125,000 Class A-3 6.450% Asset Backed Notes due March 15, 2004
$26,000,000 Class B 6.700% Asset Backed Notes due March 15, 2004
$11,375,000 6.700% Asset Backed Certificates due March 15, 2004
Prepared by Lisa Sorenson, Phone 414-636-6184
Payment Date 16-Aug-99
Collection Period Be 06-Jul-99
Collection Period En 28-Feb-97 05-Aug-99
Days in accrual period (30/360) 30
PART I -- MONTHLY DATA INPUT
Total Receipts During the Period $9,204,970.18
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Collections For The Period $9,204,970.18
Miscellaneous Data
Scheduled Amounts 30 - 59 days past due $1,334,037.44
Scheduled Amounts 60 days or more past due $2,574,647.20
Net Losses on Liquidated Receivables $109,563.09
Number of Loans at Beginning of Period 12,125
Number of Loans at End of Period 11,910
Repossessed Equipment not Sold or Reassigned (Beginning) $0.00
Repossessed Equipment not Sold or Reassigned (End) $0.00
Reinvestment Income (including Pre-Funding Account and Spread Account) $83,920.34
Pre-Funding Account Reinvestment Income $0.00
Page 3
CASE EQUIPMENT LOAN TRUST 1997-A
$71,500,000 Class A-1 5.597% Asset Backed Notes due March 15, 1998
$282,000,000 Class A-2 6.000% Asset Backed Notes due March 15, 2004
$259,125,000 Class A-3 6.450% Asset Backed Notes due March 15, 2004
$26,000,000 Class B 6.700% Asset Backed Notes due March 15, 2004
$11,375,000 6.700% Asset Backed Certificates due March 15, 2004
Payment Date 16-Aug-99
Collection Period Begin Date 06-Jul-99
Collection Period End Date 05-Aug-99
PART II -- SUMMARY
Total Principal Balance of Notes and Certificates (Beginning of Period) $184,971,524.59
A-1 Note Beginning Principal Balance $0.00
A-2 Note Beginning Principal Balance $0.00
A-3 Note Beginning Principal Balance $147,596,524.59
B Note Beginning Principal Balance $26,000,000.00
Certificate Beginning Principal Balance $11,375,000.00
Total Principal Balance of Notes and Certificates (End of Period) $176,920,859.02
A-1 Note Principal Balance (End of Period) $0.00
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Principal Balance (End of Period) $0.00
A-2 Note Pool Factor (End of Period) 0.0000000
A-3 Note Principal Balance (End of Period) $139,545,859.02
A-3 Note Pool Factor (End of Period) 0.5385272
B Note Principal Balance (End of Period) $26,000,000.00
B Note Pool Factor (End of Period) 1.0000000
Certificate Principal Balance (End of Period) $11,375,000.00
Certificate Pool Factor (End of Period) 1.0000000
Contract Value Decline $8,050,665.57
Pool Balance (Beg. of Collection Period) $184,976,743.68
Pool Balance (End of Collection Period) $176,926,078.11
Total Distribution Amount (TDA) $9,288,890.52
Total Collections and Investment Income for the Period $9,288,890.52
Negative Carry Amount $0.00
Administration Fee Accrued during this Period ($500 per Quarter) $166.67
Principal Distribution Amount (PDA) $8,050,665.57
Principal Allocation to Notes and Certificates
A-1 Noteholders' Principal Distributable Amount $0.00
A-2 Noteholders' Principal Distributable Amount $0.00
A-3 Noteholders' Principal Distributable Amount $8,050,665.57
B Noteholders' Principal Distributable Amount $0.00
Page 4
Certificateholders' Principal Distributable Amount $0.00
Interest Distributable Amount $1,002,008.41
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $793,331.32
Noteholders' Interest Distributable Amount applicable to B Notes $145,166.67
Certificateholders' Interest Distributable Amount $63,510.42
Servicing Fees Accrued during this Period $154,147.29
Total Distribution Amount Remaining to Deposit to Spread Account $81,902.58
Spread Account
Beginning Spread Account Balance $13,000,000.00
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $81,902.58
Distribution from Spread Account for Interest / Principal Shortfall $0.00
0.00 $0.00
Specified Spread Account Balance $13,000,000.00
Release from Spread Account to Seller as "Excess Servicing Fee" $81,902.58
Ending Spread Account Balance (after distributions) $13,000,000.00
Credit Enhancement 7.35%
Spread account % of Ending Pool Balance 7.35%
Overcollateralization % of Ending Pool Balance 0.00%
Scheduled Amounts 30 - 59 days past due $1,334,037.44
as % of Ending Pool Balance 0.75%
Scheduled Amounts 60 days or more past due $2,574,647.20
as % of Ending Pool Balance 1.46%
Net Losses on Liquidated Receivables $109,563.09
as % of Ending Pool Balance 0.06%
Page 5
PART III -- SERVICING CALCULATIONS 16-Aug-99
1. Sources and Uses of Collection Account Balance Pool 1 Cutoff Pool 1
Wtd. Avg. APR 8.823% 8.823%
Contract Value (Beg. of Collection Period),
by origination pool $88,990,152.02
Contract Value (End of Collection Period),
by origination pool $335,052,501.00 $85,113,847.34
--------------
Contract Value Decline $3,876,304.68
4.36%
Initial Pool Balance $184,976,743.68
Pool Balance (End of Collection Period) $176,926,078.11
Total Collections and Investment Income for
the period $9,288,890.52
Negative Carry Amount $0.00
Total Distribution Amount (TDA) $9,288,890.52
Principal Distribution Amount (PDA) $8,050,665.57
Interest Distribution Amount (IDA) $1,238,224.95
1. Sources and Uses of Collection Account Balance Pool 2 Pool 3 Pool 4
Wtd. Avg. APR 8.701% 8.302% 8.479%
Contract Value (Beg. of Collection Period),
by origination pool $27,090,899.31 $38,588,826.68 $30,306,865.67
Contract Value (End of Collection Period),
by origination pool $26,030,844.48 $36,847,102.73 $28,934,283.56
-------------- -------------- --------------
Contract Value Decline $ 1,060,054.83 $ 1,741,723.95 $ 1,372,582.11
3.91% 4.51% 4.53%
Initial Pool Balance
Pool Balance (End of Collection Period)
Total Collections and Investment Income for
the period
Negative Carry Amount
Total Distribution Amount (TDA)
Principal Distribution Amount (PDA) 87%
Interest Distribution Amount (IDA) 13%
2. Calculation of Distributable Amounts Pool 1
A-1 Note Beginning Principal Balance $0.00
A-1 Noteholders' Principal Carryover Shortfall
(Previous Period) $0.00
A-1 Noteholders' Share of the Principal Distribution
Amount 0.00%
A-1 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $8,050,665.57
A-2 Note Beginning Principal Balance $0.00
A-2 Noteholders' Principal Carryover Shortfall
(Previous Period) $0.00
A-2 Noteholders' Share of the Principal Distribution
Amount 0.00%
A-2 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $8,050,665.57
A-3 Note Beginning Principal Balance $147,596,524.59
A-3 Noteholders' Principal Carryover Shortfall
(Previous Period) $0.00
A-3 Noteholders' Share of the Principal Distribution
Amount 100.00%
A-3 Noteholders' Principal Distributable Amount $8,050,665.57
Principal Distribution Amount Remaining $0.00
B Note Beginning Principal Balance $26,000,000.00
B Noteholders' Principal Carryover Shortfall
(Previous Period) $0.00
B Noteholders' Share of the Principal Distribution
Amount 0.00%
B Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $0.00
Certificate Beginning Principal Balance $11,375,000.00
Page 6
Certificateholders' Principal Carryover Shortfall Pool 1 Cutoff Pool 1
(Previous Period) $0.00
Certificateholders' Share of the Principal Distribution
Amount 0.00%
Certificateholders' Principal Distributable Amount $0.00
Interest Accrued on Class A-1 Notes this period 5.597% $0.00
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable
to A-1 Notes $0.00
Interest Accrued on Class A-2 Notes this period 6.000% $0.00
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable
to A-2 Notes $0.00
Interest Accrued on Class A-3 Notes this period 6.450% $793,331.32
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable
to A-3 Notes $793,331.32
Interest Accrued on Class A-1, A-2 and A-3 Notes this
period $793,331.32
Offered Noteholders' Interest Carryover Shortfall
(Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Offered Noteholders' Interest Distributable Amount $793,331.32
Interest Accrued on Class B Notes this period 6.700% $145,166.67
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable
to B Notes $145,166.67
Interest Accrued on Certificates this period 6.700% $63,510.42
Certificateholders' Interest Carryover Shortfall
(Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Certificateholders' Interest Distributable Amount $63,510.42
3. Allocation of Total Distribution Amount
Total Distribution Amount $9,288,890.52
Administration Fee Shortfall (Previous Period) $0.00
Administration Fee Accrued during this Period ($500 per Quarter) $500.00 $166.67
Administration Fee Paid this Period from TDA $166.67
Administration Fee Shortfall $0.00
Total Distribution Amount Remaining $9,288,723.85
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest applicable to A-1 Notes Paid
this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to A-2 Notes $0.00
Page 7
Pool 1
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-2 Notes this period $0.00
Noteholders' Interest applicable to A-2 Notes Paid this
Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-3 Notes this period $793,331.32
Noteholders' Interest applicable to A-3 Notes Paid
this Period from TDA $793,331.32
Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-3 Notes $0.00
Offered Noteholders' Interest Carryover Shortfall
(Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1, A-2 and A-3 Notes
this period $793,331.32
Offered Noteholders' Interest Paid this Period from TDA $793,331.32
Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) $0.00
Total Distribution Amount Remaining $8,495,392.53
Noteholders' Interest Carryover Shortfall
(Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class B Notes this period $145,166.67
Noteholders' Interest applicable to B Notes Paid this
Period from TDA $145,166.67
Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to B Notes $0.00
Total Distribution Amount Remaining $8,350,225.86
A-1 Noteholders' Principal Carryover Shortfall
(Previous Period) $0.00
A-1 Noteholders' Monthly Principal Distributable Amount $0.00
A-1 Noteholders' Principal Distributable Amount Paid
from TDA $0.00
Preliminary A-1 Noteholders' Principal Carryover
Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $8,350,225.86
A-2 Noteholders' Principal Carryover Shortfall
(Previous Period) $0.00
A-2 Noteholders' Monthly Principal Distributable Amount $0.00
A-2 Noteholders' Principal Distributable Amount Paid
from TDA $0.00
Preliminary A-2 Noteholders' Principal Carryover
Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $8,350,225.86
A-3 Noteholders' Principal Carryover Shortfall
(Previous Period) $0.00
A-3 Noteholders' Monthly Principal Distributable
Amount $8,050,665.57
A-3 Noteholders' Principal Distributable Amount Paid
from TDA $8,050,665.57
Preliminary A-3 Noteholders' Principal Carryover
Shortfall (Current Period) $0.00
Page 8
Pool 1 Cutoff Pool 1
Total Distribution Amount Remaining $299,560.29
B Noteholders' Principal Distributable Amount $0.00
B Noteholders' Monthly Principal Distributable Amount $0.00
B Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary B Noteholders' Principal
Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $299,560.29
Certificateholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Interest Accrued on Certificates this period $63,510.42
Certificateholders' Interest Paid this Period from TDA $63,510.42
Preliminary Certificateholders' Interest
Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $236,049.87
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Principal Distributable
Amount applicable to current period $0.00
Certificateholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary Certificateholders'
Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $236,049.87
Servicing Fee Shortfall (Previous Period) $0.00
Servicing Fees Accrued during this Period 1.00% $154,147.29
Total Servicing Fees Due $154,147.29
Servicing Fees Paid this Period from TDA $154,147.29
Servicing Fee Shortfall $0.00
Total Distribution Amount Available to Deposit to Spread Acct $81,902.58
4. Reconciliation of Pre-Funding Account
Beginning Pre-Funding Account Balance $0.00
New Collateral Purchased $0.00
Deposit to Spread Account 2.00% $0.00
-----
Payment to Seller $0.00
Ending Pre-Funding Account Balance $0.00
Excess Pre-Funded Amount/(Payment to Seller) $0.00
Adjusted Ending Pre-Funding Account Balance $0.00
5. Reconciliation of Negative Carry Account
Beginning Negative Carry Account Balance 177 days $0.00
Pre-Funded Percentage 0.000%
Negative Carry Withdrawls $0.00
Cumulative Negative Carry Withdrawls $0.00
Page 9
Pool 1 Cutoff Pool 1
Maximum Negative Carry Amount 150 days $0.00
Required Negative Carry Account Balance $0.00
Interim Ending Negative Carry Account Balance $0.00
Negative Carry Amount Released to Seller $0.00
Ending Negative Carry Account Balance $0.00
6. Distributions from Spread Account
Beginning Spread Account Balance $13,000,000.00
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $81,902.58
Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-1 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-2 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-3 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to B Notes $0.00
Adj to Preliminary A-1 Noteholders' Principal
Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-2 Noteholders' Principal
Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-3 Noteholders' Principal
Carryover Shortfall (Current Period) $0.00
Adj to Preliminary B Noteholders' Principal
Carryover Shortfall (Current Period) $0.00
Preliminary Spread Account Balance Remaining $13,081,902.58
Cumulative Realized Losses since 28-February-97 (Cut-off Date) $2,593,177.76
Are Cum. Realized Losses GREATER THAN 2.25% of Initial Pool Balance? NO
12*(Realized Losses during Collection Period +
Repos at end of Collection Period) $1,314,757.08
Is 12*Realized Losses + Unliq. Repos GREATER THAN 1.65% of Beg. Pool Balance? NO
60 day or GREATER THAN Delinquent Scheduled Amounts $2,574,647.20
Are 60 day or GREATER THAN Delinquencies greater than 2.25% of
Ending Pool Balance? NO
Are any of the three conditions "YES"? NO
Case Credit has discovered a systems error in the report used to identify losses
for the trust. The report only identified losses that had been applied against dealer
reserves. It failed to include in the loss figure any losses that were not covered
by dealer reserves. This resulted in an inadvertent and immaterial understatement
of losses in the monthly servicer reports for years prior to 1999. The systems error
had no impact on historical loss figures reflected in the prospectuses for the ABS
transactions, which were generated separately and were accurate.
As a result of the systems error, Case Credit incorrectly absorbed the losses
Page 10
Pool 1 Cutoff Pool 1
that were not included in the monthly servicer reports through its on-book reserves.
Case Credit will not charge these losses back to the trust. The cumulative
amount of losses that were inadvertently absorbed by Case Credit that should
have been charged to the trust was: 861,558.07
If the monthly servicer reports for the trust were restated, the cumulative loss
test would still have been met as indicated below:
Restated Cumulative Realized Losses: 3,454,735.83
Are Cumulative Realized Losses GREATER THAN 2.25% of the Initial Pool Balance? NO
Preliminary A-1 Note Principal Balance (End of Period) $0.00
Preliminary A-2 Note Principal Balance (End of Period) $0.00
Preliminary A-3 Note Principal Balance (End of Period) $139,545,859.02
Preliminary B Note Principal Balance (End of Period) $26,000,000.00
Preliminary Certificate Principal Balance (End of Period) $11,375,000.00
Preliminary Total Principal Balance of Notes and
Certificates (End of Period) $176,920,859.02
Specified Spread Account Balance $13,000,000.00
Lesser of:
(a) 2.00% of the Initial Pool Balance 2.00% 13,000,000.00
(b) the Note Balance 176,920,859.02
Preliminary Spread Account Balance Remaining $13,081,902.58
Preliminary Excess Amount in Spread Account $81,902.58
Release from Spread Account to Seller as "Excess Servicing Fee" $81,902.58
Ending Spread Account Balance (after distributions) $13,000,000.00
Net Change in Spread Account Balance $0.00
7. Ending Balances
Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall
(Current Period) applicable to B Notes $0.00
A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Ending Balance) $0.00
Page 11
Pool 1 Cutoff Pool 1
Certificateholders' Principal Carryover Shortfall
(Ending Balance) $0.00
A-1 Note Principal Balance (End of Period) $0.00
A-2 Note Principal Balance (End of Period) $0.00
A-3 Note Principal Balance (End of Period) $139,545,859.02
B Note Principal Balance (End of Period) $26,000,000.00
Certificate Principal Balance (End of Period) $11,375,000.00
Total Principal Balance of Notes and Certificates
(End of Period) $176,920,859.02
A-1 Note Pool Factor (End of Period) $71,500,000.00 0.0000000
A-2 Note Pool Factor (End of Period) $282,000,000.00 0.0000000
A-3 Note Pool Factor (End of Period) $259,125,000.00 0.5385272
B Note Pool Factor (End of Period) $26,000,000.00 1.0000000
Certificate Pool Factor (End of Period) $11,375,000.00 1.0000000
Total Notes & Certificates Pool Factor (End of Period) 0.2721859
Specified Spread Account Balance
(after all distributions and adjustments) $13,000,000.00
Page 12
CASE EQUIPMENT LOAN TRUST 1997-A
STATEMENT TO NOTEHOLDERS
$71,500,000 Class A-1 5.597% Asset Backed Notes due March 15, 1998
$282,000,000 Class A-2 6.000% Asset Backed Notes due March 15, 2004
$259,125,000 Class A-3 6.450% Asset Backed Notes due March 15, 2004
$26,000,000 Class B 6.700% Asset Backed Notes due March 15, 2004
$11,375,000 6.700% Asset Backed Certificates due March 15, 2004
Payment Date: 16-Aug-99
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: 0.0000000
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(c) A-3 Notes: $8,050,665.57
per $1,000 original principal amount: $31.06865632
(d) B Notes: $0.00
per $1,000 original principal amount: $0.00000000
(e) Total $8,050,665.57
(2) Interest on the Notes
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(c) A-3 Notes: $793,331.32
per $1,000 original principal amount: $3.06157769
(d) B Notes: $145,166.67
per $1,000 original principal amount: $5.58333346
(e) Total $938,497.99
(3) Pool Balance at the end of the related Collection Period $176,926,078.11
(4) After giving effect to distributions on current Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
Page 13
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $139,545,859.02
(ii) A-3 Note P $0.5385272
(d) (i) outstanding principal amount of A-3 Notes: $26,000,000.00
(ii) A-3 Note Pool Factor: $1.0000000
(e) (i) Certificate Balance $11,375,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $154,147.29
per $1,000 Beginning of Collection Period: 0.83333335
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.00090103
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $109,563.09
(9) Amount in Spread Account: $13,000,000.00
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
Page 14
CASE EQUIPMENT LOAN TRUST 1997-A
STATEMENT TO CERTIFICATEHOLDERS
$71,500,000 Class A-1 5.597% Asset Backed Notes due March 15, 1998
$282,000,000 Class A-2 6.000% Asset Backed Notes due March 15, 2004
$259,125,000 Class A-3 6.450% Asset Backed Notes due March 15, 2004
$26,000,000 Class B 6.700% Asset Backed Notes due March 15, 2004
$11,375,000 6.700% Asset Backed Certificates due March 15, 2004
Payment Date: 16-Aug-99
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(c) A-3 Notes: 8,050,665.57
per $1,000 original principal amount: 31.06865632
(d) B Notes: 0.00
per $1,000 original principal amount: 0.00000000
(e) Certificates: $0.00
per $1,000 original principal amount: $0.00000000
(f) Total: $8,050,665.57
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00000000
(c) A-3 Notes: $793,331.32
per $1,000 original principal amount: $3.06157769
(d) B Notes: $145,166.67
per $1,000 original principal amount: $5.58333346
(e) Certificates: $63,510.42
per $1,000 original principal amount: $5.58333363
(f) Total: $1,002,008.41
(3) Pool Balance at end of related Collection Period: $176,926,078.11
(4) After giving effect to distributions on this Payment Date:
Page 15
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $139,545,859.02
(ii) A-3 Note Pool Factor: 0.5385272
(d) (i) outstanding principal amount of B Notes: $26,000,000.00
(ii) B Note Pool Factor: 1.0000000
(e) (i) Certificate Balance $11,375,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $154,147.29
per $1,000 Beginning of Collection Period: $0.83333335
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: $0.00090103
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $109,563.09
(9) Amount in Spread Account: $13,000,000.00
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
========================================================================================================
Page 16
- ---------------------------------------------------------------------------------------------------------------------------------
CASE EQUIPMENT LOAN TRUST 1997-A
PAYMENT AND DEPOSIT INSTRUCTIONS TO INDENTURE TRUSTEE
$71,500,000 Class A-1 5.597% Asset Backed Notes due March 15, 1998
$282,000,000 Class A-2 6.000% Asset Backed Notes due March 15, 2004
$259,125,000 Class A-3 6.450% Asset Backed Notes due March 15, 2004
$26,000,000 Class B 6.700% Asset Backed Notes due March 15, 2004
$11,375,000 6.700% Asset Backed Certificates due March 15, 2004
Payment Date: 16-Aug-99
(1) Payment of Administration Fee to Administrator: $166.67
(2) Offered Noteholders' Interest Distributable Amount
deposited into Note Distribution Account: $938,497.99
(3) Noteholders' Principal Distributable Amount to be
deposited into Noteholders' Distribution Account: $8,050,665.57
(4) Certificateholders' Interest Distributable Amount to be
deposited into Certificateholders' Distribution Account: $63,510.42
(5) Certificateholders' Principal Distributable Amount to be
deposited into Certificateholders' Distribution Account: $0.00
(6) Payment of Servicing Fee to Servicer: $154,147.29
(7) Release to Seller from Excess Collections over Distributions $81,902.58
Check for Error NO ERROR
Sum of Above Distributions $9,288,890.52
Total Distribution Amount plus Releases to Seller $9,288,890.52
=================================================================================================================================
Page 17
- ---------------------------------------------------------------------------------------------------------------------------------
CASE EQUIPMENT LOAN TRUST 1997-A
SERVICER'S CERTIFICATE
$71,500,000 Class A-1 5.597% Asset Backed Notes due March 15, 1998
$282,000,000 Class A-2 6.000% Asset Backed Notes due March 15, 2004
$259,125,000 Class A-3 6.450% Asset Backed Notes due March 15, 2004
$26,000,000 Class B 6.700% Asset Backed Notes due March 15, 2004
$11,375,000 6.700% Asset Backed Certificates due March 15, 2004
Payment Date: 16-Aug-99
(1) Total Distribution Amount: $9,288,890.52
(2) Administration Fee: $166.67
(3) Noteholders' Interest Distributable Amount applicable to A-1 Notes: $0.00
(4) Noteholders' Interest Carryover Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable Amount applicable to A-2 Notes: $0.00
(6) Noteholders' Interest Carryover Shortfall applicable to A-2 Notes: $0.00
(7) Noteholders' Interest Distributable Amount applicable to A-3 Notes: $793,331.32
(8) Noteholders' Interest Carryover Shortfall applicable to A-3 Notes: $0.00
(9) Noteholders' Interest Distributable Amount applicable to B Notes: $145,166.67
(10) Noteholders' Interest Carryover Shortfall applicable to B Notes: $0.00
(11) Offered Noteholders' Interest Distributable Amount' $938,497.99
deposited into Note Distribution Account:
(12) A-1 Noteholders' Monthly Principal Distributable Amount: $0.00
(13) % of Principal Distribution Amount applicable to A-1 Noteholders 0.00%
(14) A-1 Noteholders' Principal Carryover Shortfall: $0.00
(15) A-1 Noteholders' Principal Distributable Amount: $0.00
(16) A-2 Noteholders' Monthly Principal Distributable Amount: $0.00
(17) % of Principal Distribution Amount applicable to A-2 Noteholders 0.00%
(18) A-2 Noteholders' Principal Carryover Shortfall: $0.00
(19) A-2 Noteholders' Principal Distributable Amount: $0.00
(20) A-3 Noteholders' Monthly Principal Distributable Amount: $8,050,665.57
Page 18
(21) % of Principal Distribution Amount applicable to A-3 Noteholders 100.00%
(22) A-3 Noteholders' Principal Carryover Shortfall: $0.00
(23) A-3 Noteholders' Principal Distributable Amount: $8,050,665.57
(24) B Noteholders' Monthly Principal Distributable Amount: $0.00
(25) % of Principal Distribution Amount applicable to B Noteholders 0.00%
(26) B Noteholders' Principal Carryover Shortfall: $0.00
(27) B Noteholders' Principal Distributable Amount: $0.00
(28) Noteholders' Principal Distribution Amount: $8,050,665.57
(29) Noteholders' Distributable Amount: $8,989,163.56
(30) Certificateholders' Interest Distributable Amount: $63,510.42
(31) Certificateholders' Interest Carryover Shortfall: $0.00
(32) Certificateholders' Percentage: 0.00%
(33) Certificateholders' Principal Distributable Amount applicable to current period $0.00
(34) Certificateholders' Principal Carryover Shortfall: $0.00
(35) Certificateholders' Principal Distributable Amount: $0.00
(36) Certificateholders' Distributable Amount: $63,510.42
(37) Servicing Fee: $154,147.29
(38) Deposit to Spread Account (from excess collections): $81,902.58
(39) Specified Spread Account Balance (after all distributions and adjustments) : $13,000,000.00
The Lesser of:
(a) 2.00% of the Initial Pool Balance $13,000,000.00
(b) the Note Balance $176,920,859.02
(40) Spread Account Balance over the Specified Spread Account Balance: $81,902.58
(41) Excess Amounts Distributed To Seller:
(a) Release of Excess Amount in Spread Account $81,902.58
(b) Release of Excess Amount in Negative Carry Account 0.00
Page 19
(42) Amount to be withdrawn from the Spread Account and deposited
into the Note Distribution Account $0.00
(44) Pool Balance as of the opening of business on the first day of
the Collection Period in which the Payment Date occurs: $184,976,743.68
(45) After giving effect to all distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-2 Notes: $0.00
A-2 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-3 Notes: $139,545,859.02
A-3 Note Pool Factor: 0.5385272
Outstanding Principal Balance of B Notes: $26,000,000.00
B Note Pool Factor: 1.0000000
Outstanding Principal Balance of the Certificates: $11,375,000.00
Certificate Pool Factor: 1.0000000
(46) Aggregate Purchase Amounts for related Collection Period: $0.00
(47) Aggregate Amount of Realized Losses for the related Collection Period: $109,563.09
(48) Spread Account Balance after giving effect to all distributions: $13,000,000.00
Page 20
CASE EQUIPMENT LOAN TRUST 1997-B
$90,000,000 Class A-1 5.612% Asset Backed Notes due October 13, 1998
$204,500,000 Class A-2 5.914% Asset Backed Notes due September 15, 2000
$237,000,000 Class A-3 6.240% Asset Backed Notes due September 15, 2004
$188,591,000 Class A-4 6.410% Asset Backed Notes due September 15, 2004
$97,960,250 Class B Floating Rate Asset Backed Notes due September 15, 2004
$37,719,000 Class C 6.410% Asset Backed Notes due September 15, 2004
$15,190,000 6.410% Asset Backed Certificates due September 15, 2004
17-Aug-99
05:07 PM
Prepared by Lisa Sorenson (414)636-6184 File: us97b.xls
NPV Data Input Section 31-Aug-97 05-Aug-99 05-Aug-99 05-Aug-99 05-Aug-99
Scheduled cash flows as of the Pool 1 Cutoff Pool 1 Pool 2 Pool 3 Pool 4
1,177,249.91 6,273,166.65 1,487,359.82 1,028,342.91 2,075,845.26
6,659,719.81 6,115,387.19 5,681,298.61 1,596,147.27 2,592,660.91
6,534,773.62 4,083,616.26 3,270,530.93 5,407,685.65 2,516,658.71
6,984,610.38 4,039,913.00 1,422,070.83 2,255,705.62 11,052,598.98
10,446,903.15 5,325,416.57 1,612,368.37 1,472,199.96 4,809,831.41
8,329,023.40 5,534,512.75 1,757,997.95 1,313,694.50 2,420,831.77
6,232,683.33 3,943,790.63 1,202,410.63 889,442.22 1,620,609.82
6,320,726.36 3,590,590.12 1,098,960.65 744,767.46 1,539,726.35
8,485,392.69 4,227,438.70 1,241,774.07 953,572.01 1,562,754.72
12,048,887.10 5,619,814.24 921,475.38 783,234.42 1,517,570.73
14,644,000.73 9,024,832.62 846,164.25 773,268.06 1,349,522.09
14,137,496.87 8,042,666.73 1,400,842.31 855,743.35 1,464,938.71
11,667,759.49 7,844,136.14 1,083,214.14 815,725.99 1,681,411.76
6,930,958.47 4,917,986.85 5,469,465.25 1,429,340.42 2,249,459.85
6,299,823.14 2,914,803.98 2,946,060.42 5,117,647.28 2,290,548.38
6,824,045.37 2,932,902.54 1,164,569.57 2,036,621.36 10,407,141.06
10,425,799.25 3,918,262.73 1,324,430.67 1,240,823.97 4,138,568.05
7,966,016.16 4,008,706.98 1,293,904.29 1,115,256.17 1,824,714.44
5,872,271.46 2,827,122.95 958,207.30 731,336.30 1,250,757.40
5,987,805.41 2,513,628.71 817,212.00 610,209.81 1,177,828.61
8,167,460.88 2,866,606.09 892,729.28 735,878.39 1,133,872.30
11,705,614.28 3,472,511.98 680,370.75 601,508.45 1,082,065.33
14,220,372.77 5,129,600.17 618,311.98 601,321.54 929,369.36
13,761,263.49 4,923,285.36 1,100,498.78 655,097.97 1,059,418.51
11,210,927.99 4,676,775.22 844,372.28 610,100.11 1,214,094.02
6,624,361.87 2,703,925.00 4,246,966.27 1,158,854.79 1,724,827.93
5,740,355.70 940,178.57 1,998,136.53 3,910,154.14 1,593,115.10
6,424,415.91 929,318.91 738,380.10 1,398,226.20 7,918,595.17
9,775,715.64 1,570,363.55 849,132.04 756,274.83 2,808,438.20
7,482,998.61 1,823,344.22 673,910.41 582,708.82 1,014,879.55
5,557,953.05 912,254.76 452,995.15 238,332.83 558,176.16
5,609,822.66 739,180.35 261,462.22 189,196.19 505,905.15
7,669,989.82 895,448.85 426,899.92 301,825.01 437,288.08
11,162,718.67 1,075,276.79 252,111.77 215,399.63 336,731.58
13,235,556.56 2,158,125.28 193,464.11 193,809.34 247,527.43
12,542,910.53 2,162,537.01 451,643.46 247,395.68 405,249.20
9,928,723.89 2,247,742.01 375,250.73 206,541.52 460,204.50
5,129,980.46 1,312,266.89 2,062,634.84 464,944.90 817,388.80
Page 1 of 25
4,354,845.95 215,930.66 1,236,965.59 2,133,601.29 780,707.44
4,889,943.50 130,815.65 273,187.44 792,973.64 5,271,803.64
7,657,111.36 291,506.99 313,984.94 372,646.19 1,739,336.26
5,443,438.38 180,041.34 242,235.36 278,332.19 578,273.16
4,072,147.80 20,090.07 218,561.32 26,469.89 164,384.31
4,042,827.78 26,678.59 9,923.47 9,469.58 81,437.51
5,247,728.10 26,347.73 7,761.47 23,109.08 34,771.67
7,108,867.81 46,551.14 6,086.91 2,580.39 25,574.54
8,298,173.11 34,297.35 2,098.35 37,547.23 10,593.26
7,976,566.27 73,420.31 2,098.35 2,580.39 15,577.03
5,851,367.78 3,455.97 14,410.23 2,580.39 31,093.36
2,223,150.62 16,233.26 62,809.84 29,852.03 38,372.51
1,416,948.02 0.00 13,379.00 130,837.06 103,983.24
1,718,257.67 0.00 0.00 0.00 111,428.62
3,905,247.51 31,674.52 0.00 0.00 0.00
2,481,818.67 0.00 0.00 0.00 0.00
1,355,344.38 0.00 0.00 10,668.03 0.00
1,259,850.35 0.00 0.00 0.00 0.00
1,818,367.28 0.00 0.00 0.00 0.00
2,613,174.13 0.00 0.00 0.00 0.00
3,895,634.50 0.00 0.00 0.00 0.00
4,162,542.10 0.00 0.00 0.00 0.00
3,316,944.40 0.00 0.00 0.00 0.00
839,878.60 0.00 0.00 0.00 0.00
207,734.88 0.00 0.00 0.00 0.00
306,822.64 0.00 0.00 0.00 0.00
524,009.56 0.00 0.00 0.00 0.00
131,373.18 0.00 0.00 0.00 0.00
35,339.32 0.00 0.00 0.00 0.00
109,901.23 0.00 0.00 0.00 0.00
167,092.62 0.00 0.00 0.00 0.00
102,874.99 0.00 0.00 0.00 0.00
189,709.96 0.00 0.00 0.00 0.00
129,985.21 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00
Total Time Balance of Scheduled
Cash Flows 427,782,108.54 139,334,480.93 56,523,090.33 48,091,582.45 92,778,461.93
Page 2 of 25
CASE EQUIPMENT LOAN TRUST 1997-B
$90,000,000 Class A-1 5.612% Asset Backed Notes due October 13, 1998
$204,500,000 Class A-2 5.914% Asset Backed Notes due September 15, 2000
$237,000,000 Class A-3 6.240% Asset Backed Notes due September 15, 2004
$188,591,000 Class A-4 6.410% Asset Backed Notes due September 15, 2004
$97,960,250 Class B Floating Rate Asset Backed Notes due September 15, 2004
$37,719,000 Class C 6.410% Asset Backed Notes due September 15, 2004
$15,190,000 6.410% Asset Backed Certificates due September 15, 2004
Prepared by Lisa Sorenson (414)636-6184 08/17/99
05:07 PM
Payment Date 16-Aug-99
Collection Period Begin Date 06-Jul-99
Collection Period End Date 31-Aug-97 05-Aug-99
Days in accrual period (30/360) 30
Days in accrual period (ACT/360) 32
One-Month LIBOR 5.18000%
PART I -- MONTHLY DATA INPUT
FIXED RATE COLLATERAL
Receipts During the Period $19,029,420.03
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Fixed Rate Collections For The Period $19,029,420.03
FLOATING RATE COLLATERAL
Receipts During the Period $1,970,126.10
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Floating Rate Collections For The Period $1,970,126.10
Pool Balance (Beg. of Collection Period) $32,748,458.68
Pool Balance (End of Collection Period) $30,957,494.43
Total Collection $20,999,546.13
Negative Carry Amount $0.00
Reinvestment Income (including Pre-Funding Account and Spread Account) $136,564.02
Pre-Funding Account Reinvestment Income $0.00
Page 3 of 25
Total Distribution Amount $21,136,110.15
MISCELLANEOUS DATA
FIXED RATE COLLATERAL
Scheduled Amounts 30 - 59 days past due $3,195,531.08
Scheduled Amounts 60 days or more past due $3,069,684.51
Net Losses on Liquidated Receivables $530,074.25
Number of Loans at Beginning of Period 16,558
Number of Loans at End of Period 16,131
Repossessed Equipment not Sold or Reassigned (Beginning) $0.00
Repossessed Equipment not Sold or Reassigned (End) $0.00
FLOATING RATE COLLATERAL
Scheduled Amounts 30 - 59 days past due $226,331.74
Scheduled Amounts 60 days or more past due $321,833.10
Net Losses on Liquidated Receivables $346.75
Number of Loans at Beginning of Period 2,672
Number of Loans at End of Period 2,596
Repossessed Equipment not Sold or Reassigned (Beginning) $0.00
Repossessed Equipment not Sold or Reassigned (End) $0.00
TOTAL COLLATERAL
Scheduled Amounts 30 - 59 days past due $3,421,862.82
Scheduled Amounts 60 days or more past due $3,391,517.61
Net Losses on Liquidated Receivables $530,421.00
Number of Loans at Beginning of Period 19,230
Number of Loans at End of Period 18,727
Repossessed Equipment not Sold or Reassigned (Beginning) $0.00
Repossessed Equipment not Sold or Reassigned (End) $0.00
Pre-Funding Account Reinvestment Income $0.00
Page 4 of 25
CASE EQUIPMENT LOAN TRUST 1997-B
$90,000,000 Class A-1 5.612% Asset Backed Notes due October 13, 1998
$204,500,000 Class A-2 5.914% Asset Backed Notes due September 15, 2000
$237,000,000 Class A-3 6.240% Asset Backed Notes due September 15, 2004
$188,591,000 Class A-4 6.410% Asset Backed Notes due September 15, 2004
$97,960,250 Class B Floating Rate Asset Backed Notes due September 15, 2004
$37,719,000 Class C 6.410% Asset Backed Notes due September 15, 2004
$15,190,000 6.410% Asset Backed Certificates due September 15, 2004
Payment Date 16-Aug-99
Collection Period Begin Date 06-Jul-99
Collection Period End Date 05-Aug-99
PART II -- SUMMARY
Total Principal Balance of Notes and Certificates (Beginning of Period) $351,947,065.09
A-1 Note Beginning Principal Balance $0.00
A-2 Note Beginning Principal Balance $0.00
A-3 Note Beginning Principal Balance $101,334,347.13
A-4 Note Beginning Principal Balance $188,591,000.00
B Note Beginning Principal Balance $32,748,457.85
C Note Beginning Principal Balance $14,083,260.11
Certificate Beginning Principal Balance $15,190,000.00
Total Principal Balance of Notes and Certificates (End of Period) $332,990,094.80
A-1 Note Principal Balance (End of Period) $0.00
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Principal Balance (End of Period) $0.00
A-2 Note Pool Factor (End of Period) 0.0000000
A-3 Note Principal Balance (End of Period) $84,926,632.79
A-3 Note Pool Factor (End of Period) 0.3583402
A-4 Note Principal Balance (End of Period) $188,591,000.00
A-4 Note Pool Factor (End of Period) 1.0000000
B Note Principal Balance (End of Period) 30,957,493.60
B Note Pool Factor (End of Period) 0.3160210
C Note Principal Balance (End of Period) $13,324,968.41
C Note Pool Factor (End of Period) 0.3837947
Certificate Principal Balance (End of Period) $15,190,000.00
Certificate Pool Factor (End of Period) 1.0000000
FIXED RATE CONTRACT VALUE DECLINE $17,166,006.04
Pool Balance (Beg. of Collection Period) $319,327,060.86
Pool Balance (End of Collection Period) $302,161,054.82
Fixed Rate Distribution Amount (FxDA) $19,165,984.05
Total Collections and Investment Income for the Period $19,165,984.05
Negative Carry Amount $0.00
Fixed Rate Principal Distribution Amount (FxPDA) $17,166,006.04
FLOATING RATE CONTRACT VALUE DECLINE $1,790,964.25
Page 5 of 25
Pool Balance (Beg. of Collection Period) $32,748,458.68
Pool Balance (End of Collection Period) $30,957,494.43
Floating Rate Distribution Amount (FltDA) $1,970,126.10
Principal Allocation to Notes and Certificates
A-1 Noteholders' Principal Distributable Amount $0.00
A-2 Noteholders' Principal Distributable Amount $0.00
A-3 Noteholders' Principal Distributable Amount $16,407,714.34
A-4 Noteholders' Principal Distributable Amount $0.00
B Noteholders' Principal Distributable Amount $1,790,964.25
C Noteholders' Principal Distributable Amount $758,291.70
Certificateholders' Principal Distributable Amount $0.00
Interest Distributable Amount $683,306.61
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $526,938.61
Noteholders' Interest Distributable Amount applicable to A-4 Notes $1,007,390.26
Noteholders' Interest Distributable Amount applicable to B Notes $156,610.40
Noteholders' Interest Distributable Amount applicable to C Notes $75,228.08
Certificateholders' Interest Distributable Amount $81,139.92
Spread Account
Beginning Spread Account Balance $17,359,205.00
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $412,805.84
Distribution from Spread Account for Interest / Principal Shortfall $0.00
Specified Spread Account Balance $17,359,205.00
Ending Spread Account Balance (after distributions) $17,359,205.00
Credit Enhancement 5.25%
Spread account % of Ending Pool Balance 5.21%
Overcollateralization % of Ending Pool Balance 0.04%
Scheduled Amounts 30 - 59 days past due $3,421,862.82
as % of Ending Pool Balance 1.03%
Scheduled Amounts 60 days or more past due $3,391,517.61
as % of Ending Pool Balance 1.02%
Net Losses on Liquidated Receivables $530,421.00
as % of Ending Pool Balance 0.16%
Page 6 of 25
Part III -- Servicing Calculations 16-Aug-99
1. Sources and Uses of Collection Account Balance Pool 1 Cutoff Pool 1
FIXED RATE POOL
Wtd. Avg. APR 8.637% 8.637%
Fixed Rate Contract Value (Beg. of Collection Period), by origination pool $137,090,254.72
Fixed Rate Contract Value (End of Collection Period), by origination pool $358,115,964.52 $126,103,032.41
--------------- ---------------
Fixed Rate Contract Value Decline $10,987,222.31
8.01%
Fixed Rate Initial Pool Balance $319,327,060.86
Fixed Rate Pool Balance (End of Collection Period) $302,161,054.82
Fixed Rate Collections and Investment Income for the period $19,165,984.05
Negative Carry Amount $0.00
Fixed Rate Distribution Amount (FxDA) $19,165,984.05
Fixed Rate Principal Distribution Amount (FxPDA) $17,166,006.04
Initial C Percentage 4.000%
Fixed Rate Unscheduled Principal (per pool) $0.00
Total Fixed Rate Unscheduled Principal $0.00
FLOATING RATE POOL
Floating Rate Contract Value (Beg. of Collection Period) $32,748,458.68
Floating Rate Contract Value (End of Collection Period) $30,957,494.43
--------------
Floating Rate Contract Value Decline $1,790,964.25
Floating Rate Distribution Amount (FltDA) $1,970,126.10
Floating Rate Principal Distribution Amount (FltPDA) $1,790,964.25
2. Calculation of Distributable Amounts
A-1 Note Beginning Principal Balance $0.00
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Share of the Fixed Rate Principal Distribution Amount 0.00%
A-1 Noteholders' Principal Distributable Amount $0.00
Fixed Rate Principal Distribution Amount Remaining $17,166,006.04
Floating Rate Principal Distribution Amount Remaining $1,790,964.25
A-2 Note Beginning Principal Balance $0.00
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Share of the Fixed Rate Principal Distribution Amount 0.00%
A-2 Noteholders' Principal Distributable Amount $0.00
Fixed Rate Principal Distribution Amount Remaining $17,166,006.04
Floating Rate Principal Distribution Amount Remaining $1,790,964.25
A-3 Note Beginning Principal Balance $101,334,347.13
1. Sources and Uses of Collection Account Balance Pool 2 Pool 3 Pool 4
FIXED RATE POOL
Wtd. Avg. APR 8.833% 8.872% 8.799%
Fixed Rate Contract Value (Beg. of Collection Period), by origination pool $52,886,851.14 $44,239,111.21 $85,110,843.79
Fixed Rate Contract Value (End of Collection Period), by origination pool $50,648,152.23 $42,915,714.18 $82,494,156.00
-------------- -------------- --------------
Fixed Rate Contract Value Decline $2,238,698.91 $1,323,397.03 $2,616,687.79
4.23% 2.99% 3.07%
Fixed Rate Initial Pool Balance
Fixed Rate Pool Balance (End of Collection Period)
Fixed Rate Collections and Investment Income for the period
Negative Carry Amount
Fixed Rate Distribution Amount (FxDA)
Fixed Rate Principal Distribution Amount (FxPDA)
Initial C Percentage
Fixed Rate Unscheduled Principal (per pool) $0.00 $0.00 $0.00
Total Fixed Rate Unscheduled Principal
FLOATING RATE POOL
Floating Rate Contract Value (Beg. of Collection Period)
Floating Rate Contract Value (End of Collection Period)
Floating Rate Contract Value Decline
Floating Rate Distribution Amount (FltDA)
Floating Rate Principal Distribution Amount (FltPDA)
2. Calculation of Distributable Amounts
A-1 Note Beginning Principal Balance
A-1 Noteholders' Principal Carryover Shortfall (Previous Period)
A-1 Noteholders' Share of the Fixed Rate Principal Distribution Amount
A-1 Noteholders' Principal Distributable Amount
Fixed Rate Principal Distribution Amount Remaining
Floating Rate Principal Distribution Amount Remaining
A-2 Note Beginning Principal Balance
A-2 Noteholders' Principal Carryover Shortfall (Previous Period)
A-2 Noteholders' Share of the Fixed Rate Principal Distribution Amount
A-2 Noteholders' Principal Distributable Amount
Fixed Rate Principal Distribution Amount Remaining
Floating Rate Principal Distribution Amount Remaining
A-3 Note Beginning Principal Balance
Page 7 of 25
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Share of the Fixed Rate Principal Distribution Amount 95.58%
A-3 Noteholders' Principal Distributable Amount $16,407,714.34
Fixed Rate Principal Distribution Amount Remaining $758,291.70
Floating Rate Principal Distribution Amount Remaining $1,790,964.25
A-4 Note Beginning Principal Balance $188,591,000.00
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Share of the Fixed Rate Principal Distribution Amount 0.00%
A-4 Noteholders' Principal Distributable Amount $0.00
Fixed Rate Principal Distribution Amount Remaining $758,291.70
Floating Rate Principal Distribution Amount Remaining $1,790,964.25
B Note Beginning Principal Balance $32,748,457.85
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Share of the Floating RatePrincipal Distribution Amount 100.00%
B Noteholders' Principal Distributable Amount $1,790,964.25
Fixed Rate Principal Distribution Amount Remaining $758,291.70
Floating Rate Principal Distribution Amount Remaining $0.00
C Note Beginning Principal Balance $14,083,260.11
C Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
C Noteholders' Share of the Fixed Rate & Floating Rate Principal Distribution Amounts 4.00%
C Noteholders' Principal Distributable Amount $758,291.70
Fixed Rate Principal Distribution Amount Remaining $0.00
Floating Rate Principal Distribution Amount Remaining $0.00
Certificate Beginning Principal Balance $15,190,000.00
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Share of the Fixed Rate & Floating Rate Principal Distribution Amounts 0.00%
Certificateholders' Principal Distributable Amount $0.00
Interest Accrued on Class A-1 Notes this period 5.6120% $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Interest Accrued on Class A-2 Notes this period 5.9140% $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $0.00
Interest Accrued on Class A-3 Notes this period 6.2400% $526,938.61
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $526,938.61
Interest Accrued on Class A-4 Notes this period 6.4100% $1,007,390.26
Page 8 of 25
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-4 Notes $1,007,390.26
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $1,534,328.87
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Offered Noteholders' Interest Distributable Amount $1,534,328.87
Class B Notes Net Funds Cap 6.15470%
Class B Accrual Rate (Min(Net Funds Cap, 1 Month Libor +20bp)) 5.38000%
Net Funds Cap? NO
Interest Accrued on Class B Notes this period 1 Month Libor + $156,610.40
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to B Notes $156,610.40
Preliminary Class B Net Funds Cap Carryover Amount $0.00
Interest Accrued on Class C Notes this period 6.4100% $75,228.08
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to C Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to C Notes $75,228.08
Interest Accrued on Certificates this period 6.4100% $81,139.92
Certificateholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Certificateholders' Interest Distributable Amount $81,139.92
3. Allocation of Fixed Rate and Floating Rate Distribution Amounts
a. FIXED RATE DISTRIBUTION AMOUNT (FXDA) $19,165,984.05
Fixed Rate Percentage of Administration Fee Shortfall (Previous Period) $0.00
Fixed Rate Percentage of Administration Fee Accrued during this Period $500.00 $151.16
Fixed Rate Percentage of Administration Fee Paid this Period from FxDA $151.16
Fixed Rate Percentage of Administration Fee Shortfall $0.00
Total Fixed Rate Distribution Amount Remaining $19,165,832.89
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest applicable to A-1 Notes Paid this Period from FxDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-2 Notes this period $0.00
Noteholders' Interest applicable to A-2 Notes Paid this Period from FxDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Page 9 of 25
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-3 Notes this period $526,938.61
Noteholders' Interest applicable to A-3 Notes Paid this Period from FxDA $526,938.61
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-4 Notes this period $1,007,390.26
Noteholders' Interest applicable to A-4 Notes Paid this Period from FxDA $1,007,390.26
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $1,534,328.87
Offered Noteholders' Interest Paid this Period from FxDA $1,534,328.87
Preliminary A Noteholders' Interest Carryover Shortfall (Current Period) $0.00
Total Fixed Rate Distribution Amount Remaining $17,631,504.02
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to C Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class C Notes this period $75,228.08
Noteholders' Interest applicable to C Notes Paid this Period from FxDA $75,228.08
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to C Notes $0.00
Total Fixed Rate Distribution Amount Remaining $17,556,275.94
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Monthly Principal Distributable Amount $0.00
A-1 Noteholders' Principal Distributable Amount Paid from FxDA $0.00
Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Fixed Rate Distribution Amount Remaining $17,556,275.94
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Monthly Principal Distributable Amount $0.00
A-2 Noteholders' Principal Distributable Amount Paid from FxDA $0.00
Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Fixed Rate Distribution Amount Remaining $17,556,275.94
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Monthly Principal Distributable Amount $16,407,714.34
A-3 Noteholders' Principal Distributable Amount Paid from FxDA $16,407,714.34
Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Fixed Rate Distribution Amount Remaining $1,148,561.59
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Monthly Principal Distributable Amount $0.00
A-4 Noteholders' Principal Distributable Amount Paid from FxDA $0.00
Page 10 of 25
Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Fixed Rate Excess Distribution Amount $1,148,561.59
b. FLOATING RATE DISTRIBUTION AMOUNT (FLTDA) $1,970,126.10
Floating Rate Percentage of Administration Fee Shortfall (Previous Period) $0.00
Floating Rate Percentage of Administration Fee Accrued during this Period $15.50
Floating Rate Percentage of Administration Fee Paid this Period from FltDA $15.50
Floating Rate Percentage of Administration Fee Shortfall $0.00
Total Floating Rate Distribution Amount Remaining $1,970,110.60
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class B Notes this period $156,610.40
Noteholders' Interest applicable to B Notes Paid this Period from FltDA $156,610.40
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
Total Floating Rate Distribution Amount Remaining $1,813,500.20
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Monthly Principal Distributable Amount $1,790,964.25
B Noteholders' Principal Distributable Amount Paid from FltDA $1,790,964.25
Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Floating Rate Excess Distribution Amount $22,535.95
c. ALLOCATION OF FIXED RATE EXCESS DISTRIBUTION AMOUNT $1,148,561.59
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
B Noteholders' Interest Carryover Shortfall paid from Fx Excess DA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes Remaining $0.00
Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
B Noteholders' Principal Carryover Shortfall paid from Fx Excess DA $0.00
Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) Remaining $0.00
Remaining Fixed Rate Excess Distribution Amount $1,148,561.59
d. ALLOCATION OF FLOATING RATE EXCESS DISTRIBUTION AMOUNT $22,535.95
Preliminary A Noteholders' Interest Carryover Shortfall (Current Period) $0.00
A Noteholders' Interest Carryover Shortfall paid from Flt Excess DA $0.00
Preliminary A Noteholders' Interest Carryover Shortfall (Current Period) Remaining $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to C Notes $0.00
C Noteholders' Interest Carryover Shortfall paid from Flt Excess DA $0.00
Preliminary C Noteholders' Interest Carryover Shortfall (Current Period) Remaining $0.00
Preliminary A Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A Noteholders' Principal Carryover Shortfall paid from Flt Excess DA $0.00
Page 11 of 25
Preliminary A Noteholders' Principal Carryover Shortfall (Current Period) Remaining $0.00
Remaining Floating Rate Excess Distribution Amount $22,535.95
e. ALLOCATION OF REMAINING FIXED AND FLOATING RATE EXCESS DISTRIBUTION AMOUNTS $1,171,097.54
C Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
C Noteholders' Monthly Principal Distributable Amount $758,291.70
C Noteholders' Principal Distributable Amount Paid from Fx and Flt Excess DA $758,291.70
Preliminary C Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Fixed and Floating Rate Excess Distribution Amount Remaining $412,805.84
4. Reconciliation of Pre-Funding Account
Beginning Pre-Funding Account Balance $0.00
New Collateral Purchased $0.00
Deposit to Spread Account 2.00% $0.00
-----
Payment to Seller $0.00
Ending Pre-Funding Account Balance $0.00
Excess Pre-Funded Amount/(Payment to Seller) $0.00
Adjusted Ending Pre-Funding Account Balance $0.00
5. Reconciliation of Negative Carry Account
Beginning Negative Carry Account Balance 142 days $0.00
Pre-Funded Percentage 0.000%
Negative Carry Withdrawls $0.00
Cumulative Negative Carry Withdrawls $4,724,734.08
Maximum Negative Carry Amount 89 days $0.00
Required Negative Carry Account Balance $0.00
Interim Ending Negative Carry Account Balance $0.00
Negative Carry Amount Released to Seller $0.00
Ending Negative Carry Account Balance $0.00
6. Distributions from Spread Account
Beginning Spread Account Balance $17,359,205.00
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $412,805.84
Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Page 12 of 25
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
Adj to Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to C Notes $0.00
Adj to Preliminary C Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Preliminary Spread Account Balance Remaining $17,772,010.84
Cumulative Realized Losses since 31-August-97 (Cut-off Date) $2,667,216.40
Are Cum. Realized Losses GREATER THAN 2.25% of Initial Pool Balance? NO
12*(Realized Losses during Collection Period + Repos at end of Collection Period) $6,360,891.00
Is 12*Realized Losses + Unliq. Repos GREATER THAN 1.65% of Beg. Pool Balance? YES
60 day or GREATER THAN Delinquent Scheduled Amounts $3,391,517.61
Are 60 day or GREATER THAN Delinquencies GREATER THAN 2.25% of Ending Pool Balance? NO
Are any of the three conditions "YES"? YES
Case Credit has discovered a systems error in the report used to identify losses
for the trust. The report only identified losses that had been applied against dealer
reserves. It failed to include in the loss figure any losses that were not covered
by dealer reserves. This resulted in an inadvertent and immaterial understatement
of losses in the monthly servicer reports for years prior to 1999. The systems error
had no impact on historical loss figures reflected in the prospectuses for the ABS
transactions, which were generated separately and were accurate.
As a result of the systems error, Case Credit incorrectly absorbed the losses
that were not included in the monthly servicer reports through its on-book reserves.
Case Credit will not charge these losses back to the trust. The cumulative
amount of losses that were inadvertently absorbed by Case Credit that should
have been charged to the trust was: 1,165,589.54
If the monthly servicer reports for the trust were restated, the cumulative loss
test would still have been met as indicated below:
Restated Cumulative Realized Losses: 3,832,805.94
Are Cumulative Realized Losses GREATER THAN 2.25% of the Initial Pool Balance? NO
Preliminary A-1 Note Principal Balance (End of Period) $0.00
Preliminary A-2 Note Principal Balance (End of Period) $0.00
Preliminary A-3 Note Principal Balance (End of Period) $84,926,632.79
Preliminary A-4 Note Principal Balance (End of Period) $188,591,000.00
Preliminary B Note Principal Balance (End of Period) $30,957,493.60
Preliminary C Note Principal Balance (End of Period) $13,324,968.41
Page 13 of 25
Preliminary Total Principal Balance of Notes (End of Period) $317,800,094.80
Specified Spread Account Balance 17,359,205.00
Lesser of:
(a) 2.00% of the Initial Pool Balance 2.00% 17,359,205.00
(b) the Note Balance 317,800,094.80
Preliminary Spread Account Balance Remaining $17,772,010.84
Preliminary Excess Amount in Spread Account $412,805.84
Preliminary Shortfall Amount in Spread Account $0.00
Deposit to Spread Account from Remaing Fixed and Floating Rate Excess Distribution $0.00
Spread Account Excess $412,805.84
Ending Spread Account Balance (after distributions) $17,359,205.00
Net Change in Spread Account Balance $0.00
7. Distribution to Class B Net Funds Cap, Certificate Distributions and Servicing Fees
Total Fixed and Floating Rate Excess Distribution Amount Remaining $412,805.84
Preliminary Class B Net Funds Cap Carryover Amount $0.00
Preliminary Class B Net Funds Cap Carryover Amount Paid from Fixed and Floating Rate Excess $0.00
Class B Net Funds Cap Carryover Amount $0.00
Total Fixed and Floating Rate Excess Distribution Amount Remaining $412,805.84
Certificateholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Interest Accrued on Certificates this period $81,139.92
Certificateholders' Interest Paid from Fixed and Floating Rate Excess Distribution $81,139.92
Preliminary Certificateholders' Interest Carryover Shortfall (Current Period) $0.00
Total Fixed and Floating Rate Excess Distribution Amount Remaining $331,665.92
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Principal Distributable Amount applicable to current period $0.00
Certificateholders' Principal Distributable Amount Paid from Fixed and Floating Rate Excess Distribution $0.00
Preliminary Certificateholders' Principal Carryover Shortfall (Current Period) $0.00
Total Fixed and Floating Rate Excess Distribution Amount Remaining $331,665.92
Servicing Fee Shortfall (Previous Period) 0.00
Servicing Fees Accrued during this Period 1.00% $293,396.27
Servicing Fees Paid this Period from Fixed and Floating Rate Excess $293,396.27
Adjustment to Servicing Fee $0.00
Adjustment to Excess Distribution Amount Remaining $0.00
Page 14 of 25
Servicing Fee Shortfall $0.00
Total Fixed and Floating Rate Excess Distribution Amount Remaining $38,269.66
8. Ending Balances
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to C Notes $0.00
A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
C Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Ending Balance) $0.00
Certificateholders' Principal Carryover Shortfall (Ending Balance) $0.00
A-1 Note Principal Balance (End of Period) $0.00
A-2 Note Principal Balance (End of Period) $0.00
A-3 Note Principal Balance (End of Period) $84,926,632.79
A-4 Note Principal Balance (End of Period) $188,591,000.00
B Note Principal Balance (End of Period) $30,957,493.60
C Note Principal Balance (End of Period) $13,324,968.41
Certificate Principal Balance (End of Period) $15,190,000.00
Total Principal Balance of Notes and Certificates (End of Period) $332,990,094.80
A-1 Note Pool Factor (End of Period) $90,000,000.00 0.0000000
A-2 Note Pool Factor (End of Period) $204,500,000.00 0.0000000
A-3 Note Pool Factor (End of Period) $237,000,000.00 0.3583402
A-4 Note Pool Factor (End of Period) $188,591,000.00 1.0000000
B Note Pool Factor (End of Period) $97,960,250.00 0.3160210
C Note Pool Factor (End of Period) $34,719,000.00 0.3837947
Certificate Pool Factor (End of Period) $15,190,000.00 1.0000000
Total Notes & Certificates Pool Factor (End of Period) 0.3836467
Specified Spread Account Balance (after all distributions and adjustments) $17,359,205.00
Page 15 of 25
- -------------------------------------------------------------------------------------------------------------
CASE EQUIPMENT LOAN TRUST 1997-B
STATEMENT TO NOTEHOLDERS
$90,000,000 Class A-1 5.612% Asset Backed Notes due October 13, 1998
$204,500,000 Class A-2 5.914% Asset Backed Notes due September 15, 2000
$237,000,000 Class A-3 6.240% Asset Backed Notes due September 15, 2004
$188,591,000 Class A-4 6.410% Asset Backed Notes due September 15, 2004
$97,960,250 Class B Floating Rate Asset Backed Notes due September 15, 2004
$37,719,000 Class C 6.410% Asset Backed Notes due September 15, 2004
$15,190,000 6.410% Asset Backed Certificates due September 15, 2004
Payment Date: 16-Aug-99
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $16,407,714.34
per $1,000 original principal amount: $69.23
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $1,790,964.25
per $1,000 original principal amount: $18.28
(f) C Notes: $758,291.70
per $1,000 original principal amount: $21.84
(g) Total $18,956,970.29
(2) Interest on the Notes
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $526,938.61
per $1,000 original principal amount: $2.22
(d) A-4 Notes: $1,007,390.26
per $1,000 original principal amount: $5.34
(e) B Notes: $156,610.40
per $1,000 original principal amount: $1.60
Page 16 of 25
(f) C Notes: $75,228.08
per $1,000 original principal amount: $2.17
(g) Total $1,766,167.35
(3) Pool Balance at the end of the related Collection Period $333,118,549.25
(4) After giving effect to distributions on current Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $84,926,632.79
(ii) A-3 Note Pool Factor: 0.3583402
(d) (i) outstanding principal amount of A-4 Notes: $188,591,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $30,957,493.60
(ii) B Note Pool Factor: 0.3160210
(f) (i) outstanding principal amount of C Notes: $13,324,968.41
(ii) C Note Pool Factor: 0.3837947
(g) (i) Certificate Balance $15,190,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $293,396.27
per $1,000 Beginning of Collection Period: 1.72749935
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.00098132
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $530,421.00
(9) Amount in Spread Account: $17,359,205.00
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
=============================================================================================================
Page 17 of 25
CASE EQUIPMENT LOAN TRUST 1997-B
STATEMENT TO CERTIFICATEHOLDERS
$90,000,000 Class A-1 5.612% Asset Backed Notes due October 13, 1998
$204,500,000 Class A-2 5.914% Asset Backed Notes due September 15, 2000
$237,000,000 Class A-3 6.240% Asset Backed Notes due September 15, 2004
$188,591,000 Class A-4 6.410% Asset Backed Notes due September 15, 2004
$97,960,250 Class B Floating Rate Asset Backed Notes due September 15, 2004
$37,719,000 Class C 6.410% Asset Backed Notes due September 15, 2004
$15,190,000 6.410% Asset Backed Certificates due September 15, 2004
Payment Date: 16-Aug-99
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $16,407,714.34
per $1,000 original principal amount: $69.23
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $1,790,964.25
per $1,000 original principal amount: $18.28
(f) C Notes: $758,291.70
per $1,000 original principal amount: $21.84
(g) Certificates: $0.00
per $1,000 original principal amount: $0.00
(h) Total: $18,956,970.29
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $526,938.61
per $1,000 original principal amount: $2.22
(d) A-4 Notes: $1,007,390.26
per $1,000 original principal amount: $5.34
Page 18 of 25
(e) B Notes: $156,610.40
per $1,000 original principal amount: $1.60
(f) C Notes: $75,228.08
per $1,000 original principal amount: $2.17
(g) Certificates: $81,139.92
per $1,000 original principal amount: $5.34
(h) Total: $1,690,696.87
(3) Pool Balance at end of related Collection Period: $333,118,549.25
(4) After giving effect to distributions on this Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $84,926,632.79
(ii) A-3 Note Pool Factor: 0.3583402
(d) (i) outstanding principal amount of A-4 Notes: $188,591,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $30,957,493.60
(ii) B Note Pool Factor: 0.3160210
(f) (i) outstanding principal amount of C Notes: $13,324,968.41
(ii) C Note Pool Factor: 0.3837947
(g) (i) Certificate Balance $15,190,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $293,396.27
per $1,000 Beginning of Collection Period: 1.7274993
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.0009813
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $530,421.00
(9) Amount in Spread Account: $17,359,205.00
(10) Amount in Pre-Funding Account: $0.00
Page 19 of 25
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
=============================================================================================================
Page 20 of 25
- --------------------------------------------------------------------------------------------------------------------------
CASE EQUIPMENT LOAN TRUST 1997-B
PAYMENT AND DEPOSIT INSTRUCTIONS TO INDENTURE TRUSTEE
$90,000,000 Class A-1 5.612% Asset Backed Notes due October 13, 1998
$204,500,000 Class A-2 5.914% Asset Backed Notes due September 15, 2000
$237,000,000 Class A-3 6.240% Asset Backed Notes due September 15, 2004
$188,591,000 Class A-4 6.410% Asset Backed Notes due September 15, 2004
$97,960,250 Class B Floating Rate Asset Backed Notes due September 15, 2004
$37,719,000 Class C 6.410% Asset Backed Notes due September 15, 2004
$15,190,000 6.410% Asset Backed Certificates due September 15, 2004
Payment Date: 16-Aug-99
(1) Payment of Administration Fee to Administrator: $166.67
(2) Offered Noteholders' Interest Distributable Amount
deposited into Note Distribution Account: $1,766,167.35
(3) Noteholders' Principal Distributable Amount to be
deposited into Noteholders' Distribution Account: $18,956,970.29
(4) Certificateholders' Interest Distributable Amount to be
deposited into Certificateholders' Distribution Account: $81,139.92
(5) Certificateholders' Principal Distributable Amount to be
deposited into Certificateholders' Distribution Account: $0.00
(6) Payment of Servicing Fee to Servicer: $293,396.27
(7) Release to Seller from Excess Collections over Distributions $38,269.66
Check for Error NO ERROR
Sum of Above Distributions $21,136,110.15
Total Distribution Amount plus Releases to Seller $21,136,110.15
==========================================================================================================================
Page 21 of 25
CASE EQUIPMENT LOAN TRUST 1997-B
SERVICER'S CERTIFICATE
$90,000,000 Class A-1 5.612% Asset Backed Notes due October 13, 1998
$204,500,000 Class A-2 5.914% Asset Backed Notes due September 15, 2000
$237,000,000 Class A-3 6.240% Asset Backed Notes due September 15, 2004
$188,591,000 Class A-4 6.410% Asset Backed Notes due September 15, 2004
$97,960,250 Class B Floating Rate Asset Backed Notes due September 15, 2004
$37,719,000 Class C 6.410% Asset Backed Notes due September 15, 2004
$15,190,000 6.410% Asset Backed Certificates due September 15, 2004
Payment Date: 16-Aug-99
(1) Total Distribution Amount: $21,136,110.15
(2) Administration Fee: $166.67
(3) Noteholders' Interest Distributable Amount applicable to A-1 Notes: $0.00
(4) Noteholders' Interest Carryover Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable Amount applicable to A-2 Notes: $0.00
(6) Noteholders' Interest Carryover Shortfall applicable to A-2 Notes: $0.00
(7) Noteholders' Interest Distributable Amount applicable to A-3 Notes: $526,938.61
(8) Noteholders' Interest Carryover Shortfall applicable to A-3 Notes: $0.00
(9) Noteholders' Interest Distributable Amount applicable to A-4 Notes: $1,007,390.26
(10) Noteholders' Interest Carryover Shortfall applicable to A-4 Notes: $0.00
(11) Noteholders' Interest Distributable Amount applicable to B Notes: $156,610.40
(12) Noteholders' Interest Carryover Shortfall applicable to B Notes: $0.00
(13) Noteholders' Interest Distributable Amount applicable to C Notes: $75,228.08
(14) Noteholders' Interest Carryover Shortfall applicable to C Notes: $0.00
(15) Offered Noteholders' Interest Distributable Amount' $1,766,167.35
deposited into Note Distribution Account:
(16) A-1 Noteholders' Monthly Principal Distributable Amount: $0.00
(17) % of Fixed Rate Principal Distribution Amount applicable to A-1 Noteholders 0.00%
(18) A-1 Noteholders' Principal Carryover Shortfall: $0.00
(19) A-1 Noteholders' Principal Distributable Amount: $0.00
Page 22 of 25
(20) A-2 Noteholders' Monthly Principal Distributable Amount: $0.00
(21) % of Fixed Rate Principal Distribution Amount applicable to A-2 Noteholders 0.00%
(22) A-2 Noteholders' Principal Carryover Shortfall: $0.00
(23) A-2 Noteholders' Principal Distributable Amount: $0.00
(24) A-3 Noteholders' Monthly Principal Distributable Amount: $16,407,714.34
(25) % of Fixed Rate Principal Distribution Amount applicable to A-3 Noteholders 95.58%
(26) A-3 Noteholders' Principal Carryover Shortfall: $0.00
(27) A-3 Noteholders' Principal Distributable Amount: $16,407,714.34
(28) A-4 Noteholders' Monthly Principal Distributable Amount: $0.00
(29) % of Fixed Rate Principal Distribution Amount applicable to A-4 Noteholders 0.00%
(30) A-4 Noteholders' Principal Carryover Shortfall: $0.00
(31) A-4 Noteholders' Principal Distributable Amount: $0.00
(32) B Noteholders' Monthly Principal Distributable Amount: $1,790,964.25
(33) % of Floating Rate Principal Distribution Amount applicable to B Noteholders 100.00%
(34) B Noteholders' Principal Carryover Shortfall: $0.00
(35) B Noteholders' Principal Distributable Amount: $1,790,964.25
(36) C Noteholders' Monthly Principal Distributable Amount: $758,291.70
(37) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to C Noteholders 4.00%
(38) C Noteholders' Principal Carryover Shortfall: $0.00
(39) C Noteholders' Principal Distributable Amount: $758,291.70
(40) Noteholders' Principal Distribution Amount: $18,956,970.29
(41) Noteholders' Distributable Amount: $20,723,137.64
(42) Deposit to Spread Account (from excess collections): $412,805.84
(43) Specified Spread Account Balance (after all distributions and adjustments) : $17,359,205.00
The Lesser of:
(a) 2.00% of the Initial Pool Balance $17,359,205.00
Page 23 of 25
(b) the Note Balance $317,800,094.80
(44) Spread Account Balance over the Specified Spread Account Balance: $412,805.84
(45) Class B Net Funds Cap Carryover Amount paid from Excess $0.00
(46) Ending Class B Net Funds Cap Carryover Amount $0.00
(47) Certificateholders' Interest Distributable Amount: $81,139.92
(48) Certificateholders' Interest Carryover Shortfall: $0.00
(49) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to Certificat holders 0.00%
(50) Certificateholders' Principal Distributable Amount applicable to current period $0.00
(51) Certificateholders' Principal Carryover Shortfall: $0.00
(52) Certificateholders' Principal Distributable Amount: $0.00
(53) Certificateholders' Distributable Amount: $81,139.92
(54) Servicing Fee: $293,396.27
(55) Excess Amounts Distributed To Seller:
(a) Release of Remaining Fixed and Floating Rate Excess Distributions $38,269.66
(b) Release of Excess Amount in Negative Carry Account $0.00
(56) Amount to be withdrawn from the Spread Account and deposited
into the Note Distribution Account $0.00
(57) Pool Balance as of the opening of business on the first day of
the Collection Period in which the Payment Date occurs: $352,075,519.54
(58) After giving effect to all distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-2 Notes: $0.00
A-2 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-3 Notes: $84,926,632.79
A-3 Note Pool Factor: 0.3583402
Outstanding Principal Balance of A-4 Notes: $188,591,000.00
A-4 Note Pool Factor: 1.0000000
Outstanding Principal Balance of B Notes: $30,957,493.60
B Note Pool Factor: 0.3160210
Page 24 of 25
Outstanding Principal Balance of C Notes: $13,324,968.41
C Note Pool Factor: 0.3837947
Outstanding Principal Balance of the Certificates: $15,190,000.00
Certificate Pool Factor: 1.0000000
(59) Aggregate Purchase Amounts for related Collection Period: $0.00
(60) Aggregate Amount of Realized Losses for the related Collection Period: $530,421.00
(61) Spread Account Balance after giving effect to all distributions: $17,359,205.00
Page 25 of 25
Page 1 of 22
CASE EQUIPMENT LOAN TRUST 1998-A
$72,113,000 Class A-1 5.545% Asset Backed Notes due March 15, 1999
$190,750,000 Class A-2 5.592% Asset Backed Notes due July 16, 2001
$145,750,000 Class A-3 5.740% Asset Backed Notes due August 15, 2002
$180,449,000 Class A-4 5.830% Asset Backed Notes due February 15, 2005
$25,000,000 Class B 5.940% Asset Backed Notes due February 15, 2005
$10,938,000 5.940% Asset Backed Certificates due February 15, 2005
16-Aug-99
06:47 PM
Prepared by Sally Nelson (414) 636-5637 File: us98a7.xls
NPV Data Input Section 31-Jan-98 05-Aug-99 05-Aug-99 05-Aug-99 05-Aug-99 05-Aug-99
Scheduled cash flows as of--------------------------------------------------------------------------------------------------------
the indicated cutoff date Pool 1 Cutoff Pool 1 Pool 2 Pool 3 Pool 4 Pool 5
Row 0 is total delinquent --------------------------------------------------------------------------------------------------------
amount valued without
discounting 815,587.26 3,220,419.40 1,242,164.30 1,236,427.80 1,069,656.67 1,714.56
4,904,442.92 3,952,445.89 1,593,219.88 1,740,387.18 1,021,784.72 2,319.53
3,906,018.00 3,017,483.82 1,296,001.37 1,523,418.46 1,082,480.55 2,319.53
3,877,741.53 3,776,869.31 1,367,745.96 1,449,589.77 931,185.85 2,319.53
3,927,499.76 9,470,383.39 1,579,921.74 2,043,492.81 992,396.58 4,362.93
4,489,141.08 13,113,464.85 2,926,833.65 2,013,589.73 1,096,658.53 2,319.53
4,701,496.18 5,500,152.84 5,584,041.54 1,886,982.40 861,998.36 2,319.53
8,608,827.19 2,660,811.46 3,408,402.80 6,230,500.90 1,065,488.63 2,319.53
4,561,811.29 2,461,000.70 1,237,543.33 4,356,777.56 3,204,527.90 2,319.53
5,865,268.62 2,466,330.02 1,151,891.53 1,250,560.09 2,061,703.58 13,394.74
20,726,727.40 2,469,451.34 1,043,767.21 1,175,856.92 850,848.43 15,822.82
24,544,023.77 2,674,292.55 1,132,212.22 1,197,305.88 823,477.18 2,319.53
8,064,830.34 2,814,959.58 1,297,157.00 1,301,522.88 873,770.47 2,319.53
4,158,520.71 3,466,005.55 1,399,991.72 1,509,196.05 948,346.44 2,319.53
3,890,264.88 2,685,516.52 1,065,435.85 1,302,042.47 950,746.46 2,319.53
3,782,816.20 3,351,358.34 1,194,125.92 1,215,101.85 829,905.60 2,319.53
3,690,091.18 8,824,086.14 1,449,621.06 1,813,266.36 915,831.75 4,362.93
4,197,628.53 12,247,837.60 2,741,926.28 1,801,362.85 1,020,393.83 2,319.53
4,469,435.87 4,729,238.01 5,323,708.35 1,738,276.31 825,893.40 2,319.53
7,285,555.72 2,015,479.73 3,146,650.46 5,997,049.72 1,009,113.66 2,319.53
4,356,548.05 1,832,920.57 842,911.62 3,928,250.38 3,051,250.64 2,319.53
5,597,282.58 1,780,400.95 865,462.44 970,111.83 1,921,064.93 5,807.75
20,571,819.38 1,785,675.90 767,369.19 884,692.94 690,258.92 12,743.55
23,941,222.86 1,885,890.28 854,905.81 882,265.79 670,625.40 2,319.53
8,115,920.90 2,115,028.85 971,912.16 964,050.01 733,144.80 2,319.53
3,796,254.95 2,674,006.33 1,020,717.57 1,033,524.90 794,809.58 2,319.53
3,520,590.84 1,982,373.82 741,764.12 952,970.58 794,921.14 2,319.53
3,368,827.89 2,536,047.75 873,508.99 866,517.87 669,553.76 2,319.53
3,377,685.71 6,856,155.52 1,021,094.35 1,352,189.38 704,388.99 2,319.53
3,818,250.80 8,678,670.28 2,256,931.78 1,262,162.39 823,161.74 2,319.53
4,125,981.11 3,174,234.56 3,704,204.64 1,332,515.10 677,345.45 2,319.53
6,713,278.92 954,750.35 1,998,809.60 4,054,573.05 865,402.13 2,319.53
3,988,716.36 790,406.78 371,317.69 2,528,417.44 2,547,260.33 2,319.53
5,217,950.91 727,727.66 315,061.53 533,696.71 1,286,915.32 2,313.39
19,826,622.88 713,366.09 296,501.96 333,755.74 257,411.75 12,138.58
22,666,521.85 823,656.86 318,837.30 337,106.77 213,516.68 1,714.56
7,002,127.42 943,379.50 427,831.38 512,105.42 287,102.11 1,714.56
3,029,669.36 1,524,089.07 478,117.72 417,474.51 319,156.52 1,714.56
2,680,058.07 976,989.33 275,715.17 343,951.88 275,943.89 1,714.56
Page 2 of 22
2,516,935.39 1,378,065.91 343,587.80 318,393.04 209,558.11 1,714.56
2,496,244.13 4,642,052.16 489,461.75 513,444.54 210,955.09 1,714.56
2,737,191.06 6,062,908.04 1,580,512.04 633,942.19 353,458.28 1,714.56
3,153,886.68 1,926,452.90 2,267,468.32 776,094.62 212,246.29 1,714.56
5,582,477.12 220,004.01 873,134.55 2,741,425.08 425,656.56 1,714.56
3,015,189.84 162,083.95 152,781.86 1,431,769.86 1,514,587.30 1,714.56
4,018,584.24 75,246.66 41,054.88 116,447.70 643,714.79 1,714.56
17,054,595.16 8,915.45 7,144.08 81,508.65 83,424.92 10,424.02
17,892,686.71 20,986.09 18,680.56 52,720.43 1,253.18 0.00
5,006,379.02 11,301.89 67,220.77 22,211.70 18,891.23 0.00
1,575,797.74 134,413.01 30,411.24 31,394.35 34,425.13 0.00
1,274,914.81 66,628.55 21,658.41 17,979.75 16,253.18 0.00
1,052,722.95 101,736.91 31,367.97 0.00 1,253.18 0.00
1,025,672.10 263,524.26 45,308.15 56,987.58 1,253.18 0.00
1,269,487.16 173,354.59 342,501.84 23,920.99 13,253.17 0.00
1,401,868.59 0.00 58,439.79 38,491.14 1,253.18 0.00
3,543,191.20 0.00 0.00 150,738.59 64,806.11 0.00
1,602,040.53 9,000.00 0.00 0.00 115,039.51 0.00
2,451,098.98 0.00 0.00 0.00 0.00 0.00
13,381,249.09 0.00 0.00 0.00 0.00 0.00
14,147,441.09 0.00 0.00 0.00 0.00 0.00
3,183,367.95 0.00 0.00 0.00 0.00 0.00
425,818.48 0.00 0.00 0.00 0.00 0.00
225,353.33 0.00 0.00 0.00 0.00 0.00
88,204.01 0.00 0.00 0.00 0.00 0.00
21,872.59 0.00 0.00 0.00 0.00 0.00
61,007.90 0.00 0.00 0.00 0.00 0.00
150,978.94 0.00 0.00 0.00 0.00 0.00
183,957.52 0.00 0.00 0.00 0.00 0.00
138,009.37 0.00 0.00 0.00 0.00 0.00
263,256.47 0.00 0.00 0.00 0.00 0.00
476,922.25 0.00 0.00 0.00 0.00 0.00
290,667.90 0.00 0.00 0.00 0.00 0.00
- 0.00 0.00 0.00 0.00 0.00
- 0.00 0.00 0.00 0.00 0.00
-
Total Time Balance of
Scheduled Cash Flows 397,076,542.31 152,930,031.87 65,956,071.20 73,280,510.89 43,940,725.06 162,253.21
Page 3 of 22
CASE EQUIPMENT LOAN TRUST 1998-A
$72,113,000 Class A-1 5.545% Asset Backed Notes due March 15, 1999
$190,750,000 Class A-2 5.592% Asset Backed Notes due July 16, 2001
$145,750,000 Class A-3 5.740% Asset Backed Notes due August 15, 2002
$180,449,000 Class A-4 5.830% Asset Backed Notes due February 15, 2005
$25,000,000 Class B 5.940% Asset Backed Notes due February 15, 2005
$10,938,000 5.940% Asset Backed Certificates due February 15, 2005
Prepared by Sally Nelson (414) 636-5637 08/16/99
Scheduled Payment Date 15-Aug-99
Actual Payment Date 16-Aug-99
Collection Period Begin Date 06-Jul-99
Collection Period End Date 31-Jan-98 05-Aug-99
Days in accrual period (30/360) 30
Days in accrual period (ACT/360) 32
PART I -- MONTHLY DATA INPUT
Receipts During the Period $12,832,137.77
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Collections For The Period $12,832,137.77
Pool Balance (Beg. of Collection Period) $306,365,604.23
Pool Balance (End of Collection Period) $295,575,678.84
Total Collection $12,832,137.77
Negative Carry Withdrawls $0.00
Reinvestment Income (including Pre-Funding Account and Spread Account) $90,130.74
Pre-Funding Account Reinvestment Income $0.00
Total Distribution Amount $12,922,268.51
MISCELLANEOUS DATA
TOTAL COLLATERAL
Scheduled Amounts 30 - 59 days past due $1,656,657.26
Scheduled Amounts 60 days or more past due $2,360,956.11
Net Losses on Liquidated Receivables $208,180.62
Number of Loans at Beginning of Period 12,173
Number of Loans at End of Period 11,979
Repossessed Equipment not Sold or Reassigned (Beginning) $0.00
Repossessed Equipment not Sold or Reassigned (End) $0.00
Pre-Funding Account Reinvestment Income $0.00
Page 4 of 22
CASE EQUIPMENT LOAN TRUST 1998-A
$72,113,000 Class A-1 5.545% Asset Backed Notes due March 15, 1999
$190,750,000 Class A-2 5.592% Asset Backed Notes due July 16, 2001
$145,750,000 Class A-3 5.740% Asset Backed Notes due August 15, 2002
$180,449,000 Class A-4 5.830% Asset Backed Notes due February 15, 2005
$25,000,000 Class B 5.940% Asset Backed Notes due February 15, 2005
$10,938,000 5.940% Asset Backed Certificates due February 15, 2005
Actual Payment Date 16-Aug-99
Collection Period Begin Date 06-Jul-99
Collection Period End Date 05-Aug-99
PART II -- SUMMARY
Total Principal Balance of Notes and Certificates (Beginning of Period) $306,365,604.23
A-1 Note Beginning Principal Balance $0.00
A-2 Note Beginning Principal Balance $0.00
A-3 Note Beginning Principal Balance $102,723,980.06
A-4 Note Beginning Principal Balance $180,449,000.00
B Note Beginning Principal Balance $12,254,624.17
Certificate Beginning Principal Balance $10,938,000.00
Total Principal Balance of Notes and Certificates (End of Period) $295,575,678.84
A-1 Note Principal Balance (End of Period) $0.00
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Principal Balance (End of Period) $0.00
A-2 Note Pool Factor (End of Period) 0.0000000
A-3 Note Principal Balance (End of Period) $92,365,651.69
A-3 Note Pool Factor (End of Period) 0.6337266
A-4 Note Principal Balance (End of Period) $180,449,000.00
A-4 Note Pool Factor (End of Period) 1.0000000
B Note Principal Balance (End of Period) $11,823,027.15
B Note Pool Factor (End of Period) 0.4729211
Certificate Principal Balance (End of Period) $10,938,000.00
Certificate Pool Factor (End of Period) 1.0000000
COLLATERAL VALUE DECLINE $10,789,925.39
Pool Balance (Beg. of Collection Period) $306,365,604.23
Pool Balance (End of Collection Period) $295,575,678.84
Total Distribution Amount (TDA) $12,922,268.51
Total Collections and Investment Income for the Period $12,922,268.51
Negative Carry Withdrawls $0.00
Principal Distribution Amount (PDA) $10,789,925.39
Principal Allocation to Notes and Certificates $10,789,925.39
A-1 Noteholders' Principal Distributable Amount $0.00
A-2 Noteholders' Principal Distributable Amount $0.00
A-3 Noteholders' Principal Distributable Amount $10,358,328.37
A-4 Noteholders' Principal Distributable Amount $0.00
Page 5 of 22
B Noteholders' Principal Distributable Amount $431,597.02
Certificateholders' Principal Distributable Amount $0.00
Interest Distributable Amount $1,482,847.92
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $491,363.04
Noteholders' Interest Distributable Amount applicable to A-4 Notes $876,681.39
Noteholders' Interest Distributable Amount applicable to B Notes $60,660.39
Certificateholders' Interest Distributable Amount $54,143.10
Spread Account
Beginning Spread Account Balance $12,499,977.37
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $703,471.63
Distribution from Spread Account for Interest / Principal Shortfall $0.00
Specified Spread Account Balance $12,499,977.37
Ending Spread Account Balance (after distributions) $12,499,977.37
Credit Enhancement 4.23%
Spread account % of Ending Pool Balance 4.23%
Overcollateralization % of Ending Pool Balance 0.00%
Scheduled Amounts 30 - 59 days past due $1,656,657.26
as % of Ending Pool Balance 0.56%
Scheduled Amounts 60 days or more past due $2,360,956.11
as % of Ending Pool Balance 0.80%
Net Losses on Liquidated Receivables $208,180.62
as % of Ending Pool Balance 0.07%
Page 6 of 22
PART III -- SERVICING CALCULATIONS 16-Aug-99
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 1 Cutoff Pool 1 Pool 2
Wtd. Avg. APR 8.758% 8.758% 8.597%
Contract Value (Beg. of Collection Period), $139,816,186.08 $59,984,045.22
by origination pool
Contract Value (End of Collection Period), $325,333,194.29 $134,822,956.53 $58,078,942.31
--------------- --------------- --------------
by origination pool
Contract Value Decline $4,993,229.55 $1,905,102.91
3.57% 3.18%
Initial Pool Balance $624,998,868.47
Pool Balance (End of Collection Period) $295,575,678.84
Collections and Investment Income for the period $12,922,268.51
Negative Carry Withdrawls $0.00
Total Distribution Amount (TDA) $12,922,268.51
Principal Distribution Amount (PDA) $10,789,925.39
Initial B Percentage 4.000%
Unscheduled Principal (per pool) $0.00 $0.00
Total Unscheduled Principal $0.00
2. CALCULATION OF DISTRIBUTABLE AMOUNTS
A-1 Note Beginning Principal Balance $0.00
A-1 Noteholders' Principal Carryover Shortfall $0.00
(Previous Period)
A-1 Noteholders' Share of the Principal Distribution Amount 0.00%
Preliminary A-1 Noteholders' Principa; Distributable Amount $0.00
One-Time Excess Prefunding Account Payment $0.00
A-1 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $10,789,925.39
A-2 Note Beginning Principal Balance $0.00
A-2 Noteholders' Principal Carryover Shortfall $0.00
(Previous Period)
A-2 Noteholders' Share of the Principal Distribution Amount 0.00%
A-2 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $10,789,925.39
A-3 Note Beginning Principal Balance [caad 214]$102,723,980.06
A-3 Noteholders' Principal Carryover Shortfall $0.00
(Previous Period)
A-3 Noteholders' Share of the Principal Distribution Amount 96.00%
A-3 Noteholders' Principal Distributable Amount $10,358,328.37
Principal Distribution Amount Remaining $431,597.02
A-4 Note Beginning Principal Balance $180,449,000.00
A-4 Noteholders' Principal Carryover Shortfall $0.00
(Previous Period)
A-4 Noteholders' Share of the Principal Distribution Amount 0.00%
A-4 Noteholders' Principal Distributable Amount $0.00
Part III -- Servicing Calculations
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 3 Pool 4 Pool 5
Wtd. Avg. APR 8.491% 9.174% 9.428%
Contract Value (Beg. of Collection Period), $66,838,453.98 $39,586,408.37 $140,510.58
by origination pool
Contract Value (End of Collection Period), $64,433,131.87 $38,103,045.31 $137,602.82
-------------- -------------- -----------
by origination pool
Contract Value Decline $2,405,322.11 $1,483,363.06 $2,907.76
3.60% 3.75% 2.07%
Initial Pool Balance
Pool Balance (End of Collection Period)
Collections and Investment Income for the period
Negative Carry Withdrawls
Total Distribution Amount (TDA)
Principal Distribution Amount (PDA)
Initial B Percentage
Unscheduled Principal (per pool) $0.00 $0.00 $0.00
Total Unscheduled Principal
Page 7 of 22
Principal Distribution Amount Remaining $431,597.02
B Note Beginning Principal Balance $12,254,624.17
B Noteholders' Principal Carryover Shortfall $0.00
(Previous Period)
B Noteholders' Share of the Principal Distribution Amount 4.00%
B Noteholders' Principal Distributable Amount $431,597.02
Principal Distribution Amount Remaining $0.00
Certificate Beginning Principal Balance $10,938,000.00
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Share of the Principal Distribution Amount 0.00%
Certificateholders' Principal Distributable Amount $0.00
Interest Accrued on Class A-1 Notes this period 5.5450% $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Interest Accrued on Class A-2 Notes this period 5.5920% $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $0.00
Interest Accrued on Class A-3 Notes this period 5.7400% $491,363.04
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $491,363.04
Interest Accrued on Class A-4 Notes this period 5.8300% $876,681.39
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-4 Notes $876,681.39
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $1,368,044.43
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Offered Noteholders' Interest Distributable Amount $1,368,044.43
Page 8 of 22
Interest Accrued on Class B Notes this period 5.9400% $60,660.39
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to B Notes $60,660.39
Interest Accrued on Certificates this period 5.9400% $54,143.10
Certificateholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Certificateholders' Interest Distributable Amount $54,143.10
3. ALLOCATION OF DISTRIBUTION AMOUNTS
a. Total Distribution Amount (TDA) $12,922,268.51
Administration Fee Shortfall (Previous Period) $0.00
Administration Fee Accrued during this Period $500.00 $166.67
Administration Fee Paid this Period from TDA $166.67
Administration Fee Shortfall $0.00
Total Distribution Amount Remaining $12,922,101.84
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest applicable to A-1 Notes Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) $0.00
applicable to A-1 Notes
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-2 Notes this period $0.00
Noteholders' Interest applicable to A-2 Notes Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) $0.00
applicable to A-2 Notes
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-3 Notes this period $491,363.04
Noteholders' Interest applicable to A-3 Notes Paid this Period from TDA $491,363.04
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) $0.00
applicable to A-3 Notes
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-4 Notes this period $876,681.39
Noteholders' Interest applicable to A-4 Notes Paid this Period from TDA $876,681.39
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) $0.00
applicable to A-4 Notes
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $1,368,044.43
Offered Noteholders' Interest Paid this Period from TDA $1,368,044.43
Preliminary A Noteholders' Interest Carryover Shortfall (Current Period) $0.00
Total A Noteholders' Principal Carryover Shortfall $0.00
Page 9 of 22
Total Distribution Amount Remaining $11,554,057.41
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on B Notes this period $60,660.39
Noteholders' Interest applicable to B Notes Paid this Period from TDA $60,660.39
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) $0.00
applicable to B Notes
Total Distribution Amount Remaining $11,493,397.02
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Monthly Principal Distributable Amount $0.00
A-1 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $11,493,397.02
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Monthly Principal Distributable Amount $0.00
A-2 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $11,493,397.02
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Monthly Principal Distributable Amount $10,358,328.37
A-3 Noteholders' Principal Distributable Amount Paid from TDA $10,358,328.37
Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $1,135,068.65
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Monthly Principal Distributable Amount $0.00
A-4 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $1,135,068.65
Page 10 of 22
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Monthly Principal Distributable Amount $431,597.02
B Noteholders' Principal Distributable Amount Paid from TDA $431,597.02
Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $703,471.63
4. RECONCILIATION OF PRE-FUNDING ACCOUNT
Beginning Pre-Funding Account Balance $0.00
New Collateral Purchased $0.00
Deposit to Spread Account 2.00% $0.00
Payment to Seller $0.00
Payment to Class A-1 after Funding is Complete $0.00
Ending Pre-Funding Account Balance $0.00
Excess Pre-Funded Amount/(Payment to Sellers) $0.00
Adjusted Ending Pre-Funding Account Balance $0.00
5. RECONCILIATION OF NEGATIVE CARRY ACCOUNT
Beginning Negative Carry Account Balance $0.00
Negative Carry 3.209816%
Number of Days Remaining 0 days
Pre-Funded Percentage 0.000%
Negative Carry Withdrawls $0.00
Cumulative Negative Carry Withdrawls $4,595,626.41
Maximum Negative Carry Amount $0.00
Required Negative Carry Account Balance $0.00
Interim Ending Negative Carry Account Balance $0.00
Negative Carry Amount Released to Seller $0.00
Ending Negative Carry Account Balance $0.00
6. DISTRIBUTIONS FROM SPREAD ACCOUNT
Beginning Spread Account Balance $12,499,977.37
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $703,471.63
Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) $0.00
applicable to A-1 Notes
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) $0.00
applicable to A-2 Notes
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) $0.00
applicable to A-3 Notes
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) $0.00
applicable to A-4 Notes
Adj to Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Page 11 of 22
Adj to Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) $0.00
applicable to B Notes
Adj to Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Preliminary Spread Account Balance Remaining $13,203,449.00
Cumulative Realized Losses since 31-January-98 (Cut-off Date) $1,784,474.66
Are Cum. Realized Losses > 2.25% of Initial Pool Balance? NO
12*(Realized Losses during Collection Period + Repos at end of Collection Period) $2,498,167.44
Is 12*Realized Losses + Unliq. Repos > 1.65% of Beg. Pool Balance? NO
60 day or > Delinquent Scheduled Amounts $2,360,956.11
Are 60 day or > Delinquencies > 2.25% of Ending Pool Balance? NO
Are any of the three conditions "YES"? NO
Case Credit has discovered a systems error in the report used to identify losses for
the trust. The report only identified losses that had been applied against dealer reserves.
It failed to include in the loss figure any losses that were not covered by dealer reserves.
This resulted in an inadvertent and immaterial understatement of losses in the monthly servicer
reports for years prior to 1999. The systems error had no impact on historical loss figures
reflected in the prospectuses for the ABS transactions, which were generated separately
and were accurate.
As a result of the systems error, Case Credit incorrectly absorbed the losses that were not
included in the monthly servicer reports through its on-book reserves.
Case Credit will not charge these losses back to the trust. The cumulative amount of losses
that were inadvertently absorbed by Case Credit that should have been charged
to the trust was: $ 360,728.75
If the monthly servicer reports for the trust were restated, the cumulative loss test would
would still have been met as indicated below:
Restated Cumulative Realized Losses: 2,145,203.41
Are Cumulative Realized Losses > 2.25% of the Initial Pool Balance? NO
Preliminary A-1 Note Principal Balance (End of Period) $0.00
Preliminary A-2 Note Principal Balance (End of Period) $0.00
Preliminary A-3 Note Principal Balance (End of Period) $92,365,651.69
Preliminary A-4 Note Principal Balance (End of Period) $180,449,000.00
Preliminary B Note Principal Balance (End of Period) $11,823,027.15
Preliminary Total Principal Balance of Notes (End of Period) $284,637,678.84
Specified Spread Account Balance 12,499,977.37
Lesser of:
Page 12 of 22
(a) 2.00% of the Initial Pool Balance 2.00% 12,499,977.37
(b) the Note Balance 284,637,678.84
Preliminary Spread Account Balance Remaining $13,203,449.00
Preliminary Excess Amount in Spread Account $703,471.63
Preliminary Shortfall Amount in Spread Account $0.00
Deposit to Spread Account from Remaing Excess Distribution $0.00
Spread Account Excess $703,471.63
Ending Spread Account Balance (after distributions) $12,499,977.37
Net Change in Spread Account Balance $0.00
Total Excess Distribution Amount Remaining $703,471.63
Certificateholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Interest Accrued on Certificates this period $54,143.10
Certificateholders' Interest Paid from Excess Distribution $54,143.10
Preliminary Certificateholders' Interest Carryover Shortfall $0.00
(Current Period)
Total Excess Distribution Amount Remaining $649,328.53
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Principal Distributable Amount applicable to current period $0.00
Certificateholders' Principal Distributable Amount Paid from Fixed and Floating $0.00
Rate Excess Distrbution
Preliminary Certificateholders' Principal Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $649,328.53
Servicing Fee Shortfall (Previous Period) $0.00
Servicing Fees Accrued during this Period 1.00% $255,304.67
Adjustment to Servicing Fee $0.00
Adjustment to Excess Distribution Amount Remaining ($0.00)
Servicing Fees Paid this Period from Excess Distribution $255,304.67
Servicing Fee Shortfall $0.00
Total Excess Distribution Amount Remaining $394,023.86
7. ENDING BALANCES
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Page 13 of 22
A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Ending Balance) $0.00
Certificateholders' Principal Carryover Shortfall (Ending Balance) $0.00
A-1 Note Principal Balance (End of Period) $0.00
A-2 Note Principal Balance (End of Period) $0.00
A-3 Note Principal Balance (End of Period) $92,365,651.69
A-4 Note Principal Balance (End of Period) $180,449,000.00
B Note Principal Balance (End of Period) $11,823,027.15
Certificate Principal Balance (End of Period) $10,938,000.00
Total Principal Balance of Notes and Certificates (End of Period) $295,575,678.84
A-1 Note Pool Factor (End of Period) $72,113,000.00 0.0000000
A-2 Note Pool Factor (End of Period) $190,750,000.00 0.0000000
A-3 Note Pool Factor (End of Period) $145,750,000.00 0.6337266
A-4 Note Pool Factor (End of Period) $180,449,000.00 1.0000000
B Note Pool Factor (End of Period) $25,000,000.00 0.4729211
Certificate Pool Factor (End of Period) $10,938,000.00 1.0000000
Total Notes & Certificates Pool Factor (End of Period) 0.4729211
Specified Spread Account Balance (after all distributions and adjustments) $12,499,977.37
Page 14 of 22
CASE EQUIPMENT LOAN TRUST 1998-A
STATEMENT TO NOTEHOLDERS
$72,113,000 Class A-1 5.545% Asset Backed Notes due March 15, 1999
$190,750,000 Class A-2 5.592% Asset Backed Notes due July 16, 2001
$145,750,000 Class A-3 5.740% Asset Backed Notes due August 15, 2002
$180,449,000 Class A-4 5.830% Asset Backed Notes due February 15, 2005
$25,000,000 Class B 5.940% Asset Backed Notes due February 15, 2005
$10,938,000 5.940% Asset Backed Certificates due February 15, 2005
Payment Date: 16-Aug-99
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $10,358,328.37
per $1,000 original principal amount: $71.07
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $431,597.02
per $1,000 original principal amount: $17.26
(f) Total $10,789,925.39
(2) Interest on the Notes
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $491,363.04
per $1,000 original principal amount: $3.37
(d) A-4 Notes: $876,681.39
per $1,000 original principal amount: $4.86
(e) B Notes: $60,660.39
per $1,000 original principal amount: $2.43
(f) Total $1,428,704.82
(3) Pool Balance at the end of the related Collection Period $295,575,678.84
Page 15 of 22
(4) After giving effect to distributions on current Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $92,365,651.69
(ii) A-3 Note Pool Factor: 0.6337266
(d) (i) outstanding principal amount of A-4 Notes: $180,449,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $11,823,027.15
(ii) B Note Pool Factor: 0.4729211
(f) (i) Certificate Balance $10,938,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $255,304.67
per $1,000 Beginning of Collection Period: 1.82600225
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.00119204
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $208,180.62
(9) Amount in Spread Account: $12,499,977.37
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
============================================================================================================================
Page 16 of 22
CASE EQUIPMENT LOAN TRUST 1998-A
STATEMENT TO CERTIFICATEHOLDERS
$72,113,000 Class A-1 5.545% Asset Backed Notes due March 15, 1999
$190,750,000 Class A-2 5.592% Asset Backed Notes due July 16, 2001
$145,750,000 Class A-3 5.740% Asset Backed Notes due August 15, 2002
$180,449,000 Class A-4 5.830% Asset Backed Notes due February 15, 2005
$25,000,000 Class B 5.940% Asset Backed Notes due February 15, 2005
$10,938,000 5.940% Asset Backed Certificates due February 15, 2005
Payment Date: 16-Aug-99
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $10,358,328.37
per $1,000 original principal amount: $71.07
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $431,597.02
per $1,000 original principal amount: $17.26
(f) Certificates: $0.00
per $1,000 original principal amount: $0.00
(g) Total: $10,789,925.39
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $491,363.04
per $1,000 original principal amount: $3.37
(d) A-4 Notes: $876,681.39
per $1,000 original principal amount: $4.86
(e) B Notes: $60,660.39
per $1,000 original principal amount: $2.43
Page 17 of 22
(f) Certificates: $54,143.10
per $1,000 original principal amount: $4.95
(g) Total: $1,482,847.92
(3) Pool Balance at end of related Collection Period: $295,575,678.84
(4) After giving effect to distributions on this Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $0.00
(ii) A-2 Note Pool Factor: 0.0000000
(c) (i) outstanding principal amount of A-3 Notes: $92,365,651.69
(ii) A-3 Note Pool Factor: 0.6337266
(d) (i) outstanding principal amount of A-4 Notes: $180,449,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $11,823,027.15
(ii) C Note Pool Factor: 0.4729211
(f) (i) Certificate Balance $10,938,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $255,304.67
per $1,000 Beginning of Collection Period: 1.8260022
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.0011920
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $208,180.62
(9) Amount in Spread Account: $12,499,977.37
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
============================================================================================================================
Page 18 of 22
CASE EQUIPMENT LOAN TRUST 1998-A
PAYMENT AND DEPOSIT INSTRUCTIONS TO INDENTURE TRUSTEE
$72,113,000 Class A-1 5.545% Asset Backed Notes due March 15, 1999
$190,750,000 Class A-2 5.592% Asset Backed Notes due July 16, 2001
$145,750,000 Class A-3 5.740% Asset Backed Notes due August 15, 2002
$180,449,000 Class A-4 5.830% Asset Backed Notes due February 15, 2005
$25,000,000 Class B 5.940% Asset Backed Notes due February 15, 2005
$10,938,000 5.940% Asset Backed Certificates due February 15, 2005
Payment Date: 16-Aug-99
(1) Payment of Administration Fee to Administrator: $166.67
(2) Offered Noteholders' Interest Distributable Amount
deposited into Note Distribution Account: $1,428,704.82
(3) Noteholders' Principal Distributable Amount to be
deposited into Noteholders' Distribution Account: $10,789,925.39
(4) Certificateholders' Interest Distributable Amount to be
deposited into Certificateholders' Distribution Account: $54,143.10
(5) Certificateholders' Principal Distributable Amount to be
deposited into Certificateholders' Distribution Account: $0.00
(6) Payment of Servicing Fee to Servicer: $255,304.67
(7) Release to Seller from Excess Collections over Distributions $394,023.86
Check for Error NO ERROR
Sum of Above Distributions $12,922,268.51
Total Distribution Amount plus Releases to Seller $12,922,268.51
============================================================================================================================
Page 19 of 22
CASE EQUIPMENT LOAN TRUST 1998-A
SERVICER'S CERTIFICATE
$72,113,000 Class A-1 5.545% Asset Backed Notes due March 15, 1999
$190,750,000 Class A-2 5.592% Asset Backed Notes due July 16, 2001
$145,750,000 Class A-3 5.740% Asset Backed Notes due August 15, 2002
$180,449,000 Class A-4 5.830% Asset Backed Notes due February 15, 2005
$25,000,000 Class B 5.940% Asset Backed Notes due February 15, 2005
$10,938,000 5.940% Asset Backed Certificates due February 15, 2005
Payment Date: 16-Aug-99
(1) Total Distribution Amount: $12,922,268.51
(2) Administration Fee: $166.67
(3) Noteholders' Interest Distributable Amount applicable to A-1 Notes: $0.00
(4) Noteholders' Interest Carryover Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable Amount applicable to A-2 Notes: $0.00
(6) Noteholders' Interest Carryover Shortfall applicable to A-2 Notes: $0.00
(7) Noteholders' Interest Distributable Amount applicable to A-3 Notes: $491,363.04
(8) Noteholders' Interest Carryover Shortfall applicable to A-3 Notes: $0.00
(9) Noteholders' Interest Distributable Amount applicable to A-4 Notes: $876,681.39
(10) Noteholders' Interest Carryover Shortfall applicable to A-4 Notes: $0.00
(11) Noteholders' Interest Distributable Amount applicable to b Notes: $60,660.39
(12) Noteholders' Interest Carryover Shortfall applicable to B Notes: $0.00
(13) Offered Noteholders' Interest Distributable Amount' $1,428,704.82
deposited into Note Distribution Account:
(14) A-1 Noteholders' Monthly Principal Distributable Amount: $0.00
(15) % of Fixed Rate Principal Distribution Amount applicable to A-1 Noteholders 0.00%
(16) A-1 Noteholders' Principal Carryover Shortfall: $0.00
(17) A-1 Noteholders' Principal Distributable Amount: $0.00
(18) A-2 Noteholders' Monthly Principal Distributable Amount: $0.00
(19) % of Fixed Rate Principal Distribution Amount applicable to A-2 Noteholders 0.00%
Page 20 of 22
(20) A-2 Noteholders' Principal Carryover Shortfall: $0.00
(21) A-2 Noteholders' Principal Distributable Amount: $0.00
(22) A-3 Noteholders' Monthly Principal Distributable Amount: $10,358,328.37
(23) % of Fixed Rate Principal Distribution Amount applicable to A-3 Noteholders 96.00%
(24) A-3 Noteholders' Principal Carryover Shortfall: $0.00
(25) A-3 Noteholders' Principal Distributable Amount: $10,358,328.37
Page 21 of 22
(26) A-4 Noteholders' Monthly Principal Distributable Amount: $0.00
(27) % of Fixed Rate Principal Distribution Amount applicable to A-4 Noteholders 0.00%
(28) A-4 Noteholders' Principal Carryover Shortfall: $0.00
(29) A-4 Noteholders' Principal Distributable Amount: $0.00
(30) B Noteholders' Monthly Principal Distributable Amount: $431,597.02
(31) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to B Noteholders 4.00%
(32) B Noteholders' Principal Carryover Shortfall: $0.00
(33) B Noteholders' Principal Distributable Amount: $431,597.02
(34) Noteholders' Principal Distribution Amount: $10,789,925.39
(35) Noteholders' Distributable Amount: $12,218,630.21
(36) Deposit to Spread Account (from excess collections): $703,471.63
(37) Specified Spread Account Balance (after all distributions and adjustments) : $12,499,977.37
The Lesser of:
(a) 2.00% of the Initial Pool Balance $12,499,977.37
(b) the Note Balance $284,637,678.84
(38) Spread Account Balance over the Specified Spread Account Balance: $703,471.63
(39) Certificateholders' Interest Distributable Amount: $54,143.10
(40) Certificateholders' Interest Carryover Shortfall: $0.00
(41) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to Certificateholders 0.00%
(42) Certificateholders' Principal Distributable Amount applicable to current period $0.00
(43) Certificateholders' Principal Carryover Shortfall: $0.00
(44) Certificateholders' Principal Distributable Amount: $0.00
(45) Certificateholders' Distributable Amount: $54,143.10
(46) Servicing Fee: $255,304.67
(47) Excess Amounts Distributed To Seller:
(a) Release of Remaining Fixed and Floating Rate Excess Distributions $394,023.86
(b) Release of Excess Amount in Negative Carry Account $0.00
Page 22 of 22
(48) Amount to be withdrawn from the Spread Account and deposited
into the Note Distribution Account $0.00
(49) Pool Balance as of the opening of business on the first day of
the Collection Period in which the Payment Date occurs: $306,365,604.23
(50) After giving effect to all distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-2 Notes: $0.00
A-2 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-3 Notes: $92,365,651.69
A-3 Note Pool Factor: 0.6337266
Outstanding Principal Balance of A-4 Notes: $180,449,000.00
A-4 Note Pool Factor: 1.0000000
Outstanding Principal Balance of B Notes: $11,823,027.15
B Note Pool Factor: 0.4729211
Outstanding Principal Balance of the Certificates: $10,938,000.00
Certificate Pool Factor: 1.0000000
(51) Aggregate Purchase Amounts for related Collection Period: $0.00
(52) Aggregate Amount of Realized Losses for the related Collection Period: $208,180.62
(53) Spread Account Balance after giving effect to all distributions: $12,499,977.37
CASE EQUIPMENT LOAN TRUST 1998-B
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Prepared by Sally Nelson (414) 636-5637
NPV Data Input Section 31-Jul-98 31-Jul-98 31-Aug-98 05-Aug-99 05-Aug-99 05-Aug-99
Scheduled cash flows
as of the indicated
cutoff date Pool 1 (Retail) Pool 2 (FPL) Pool 3 (Retail) Pool 1 Pool 2 Pool 3
Row 0 is total delinquent amount Cutoff Cutoff Cutoff
valued without discounting 1,223,550.43 488,950.11 227,513.66 7,589,395.74 1,567,227.22 2,769,784.63
12,106,658.00 2,516,183.49 2,550,465.05 7,559,168.26 1,589,485.35 3,905,500.72
8,409,202.39 1,893,688.39 1,992,727.52 6,971,838.10 1,524,150.75 1,617,701.61
8,997,726.43 1,960,786.46 1,993,691.84 7,376,108.24 1,577,749.67 1,847,391.95
10,171,208.37 2,063,823.67 2,155,489.86 8,260,265.60 1,672,689.91 1,828,515.64
12,715,731.73 1,954,159.58 2,312,038.62 9,766,236.54 1,577,769.79 1,939,298.42
9,099,256.42 1,792,726.48 1,787,823.30 7,302,874.83 1,412,580.47 1,899,955.31
8,535,974.50 1,766,075.80 1,788,562.35 6,777,159.66 1,368,734.68 1,494,981.24
15,306,449.46 1,890,605.11 1,798,508.17 12,721,240.07 1,447,420.89 1,479,171.57
18,443,017.15 1,881,117.92 1,865,546.07 14,754,549.66 1,428,473.10 1,465,342.26
16,957,243.00 1,877,027.40 2,236,650.41 13,369,907.23 1,421,755.62 1,444,938.79
16,376,885.05 1,817,623.64 6,367,990.47 12,639,571.48 1,366,720.35 1,746,042.72
10,651,992.79 1,866,206.49 4,393,608.36 8,097,332.49 1,397,803.47 5,242,106.49
9,163,394.05 1,889,230.81 1,851,865.86 6,487,129.61 1,383,191.89 3,593,859.89
8,086,054.38 1,816,250.01 2,143,268.38 6,047,795.74 1,320,114.50 1,466,176.18
8,842,211.38 1,872,281.06 2,093,064.00 6,428,681.71 1,350,743.91 1,639,642.08
10,005,085.81 1,964,666.24 2,267,816.18 7,371,932.92 1,396,270.84 1,729,330.55
12,231,104.34 1,898,030.47 2,189,581.36 8,567,223.32 1,289,179.86 1,777,043.97
8,797,636.97 1,687,469.97 1,720,098.07 6,318,823.00 1,190,087.79 1,760,616.07
8,255,782.24 1,644,541.62 1,725,097.62 6,077,217.11 1,120,370.71 1,379,385.22
14,973,400.70 1,754,779.58 1,723,639.47 11,972,031.59 1,153,355.96 1,336,955.23
17,996,394.47 1,717,963.17 1,708,763.23 13,692,314.48 1,063,752.94 1,309,070.73
16,387,208.39 1,697,653.50 2,062,832.44 11,971,323.40 1,024,346.12 1,310,450.66
15,692,745.55 1,647,572.33 6,249,025.98 11,025,560.48 938,493.42 1,617,408.79
9,927,634.13 1,673,274.10 4,029,935.57 6,511,016.18 954,364.26 4,981,674.16
8,258,696.56 1,681,124.45 1,708,178.19 4,862,238.51 945,111.34 3,269,489.34
7,198,681.74 1,595,209.75 1,969,787.75 4,234,281.46 858,953.27 1,176,753.57
8,082,732.30 1,613,786.06 2,011,316.11 4,617,944.22 845,849.74 1,310,386.75
9,188,498.36 1,637,923.98 2,047,578.88 5,326,387.43 929,988.78 1,371,560.39
11,121,258.86 1,539,370.45 2,034,695.16 6,030,658.52 813,321.80 1,455,636.01
7,667,179.49 1,398,649.52 1,595,005.29 4,519,803.14 701,948.32 1,389,543.77
7,462,994.43 1,326,009.93 1,568,248.09 4,099,518.85 674,151.83 1,049,473.40
14,024,372.46 1,372,213.36 1,550,840.17 6,859,887.95 658,616.19 1,031,701.64
16,752,855.26 1,282,023.39 1,565,138.66 9,054,414.11 587,260.02 1,000,414.21
14,788,215.88 1,223,618.90 1,911,851.22 7,731,769.87 492,917.69 1,043,083.93
13,836,398.02 1,133,716.33 5,930,710.61 6,917,431.75 458,143.45 1,221,306.81
8,036,258.20 1,138,664.27 3,703,440.80 3,549,007.43 440,071.39 3,797,387.28
6,279,376.38 1,125,940.91 1,377,443.44 2,073,920.02 375,098.36 2,077,226.70
5,034,136.82 1,045,792.71 1,580,903.96 1,517,153.16 351,150.32 413,816.95
5,901,975.89 1,024,587.50 1,585,785.91 1,854,853.08 321,956.81 516,397.39
6,752,591.27 1,106,606.17 1,661,452.56 2,381,872.78 368,270.08 641,463.12
8,045,835.19 999,458.48 1,582,206.12 2,869,699.10 299,000.87 722,395.99
5,513,567.92 845,330.20 1,205,325.13 1,894,397.71 265,948.45 620,725.52
5,192,319.67 805,200.79 1,201,516.28 1,693,137.21 196,560.49 378,411.66
8,386,321.78 787,865.67 1,176,550.16 3,726,762.58 191,294.93 265,161.70
11,514,765.67 726,022.34 1,228,403.34 5,264,717.58 185,497.53 273,777.97
9,777,959.48 626,005.45 1,446,777.59 4,268,677.08 107,636.33 268,425.65
8,899,382.72 580,109.26 4,590,105.48 3,973,938.31 77,497.12 542,320.69
4,477,511.85 557,076.29 2,336,437.52 1,423,287.07 29,093.16 2,186,427.82
2,817,291.23 491,193.77 455,453.41 399,235.52 11,335.03 1,146,890.32
1,810,888.90 460,441.81 615,074.75 158,326.68 11,335.03 83,855.72
2,565,938.18 427,320.86 690,160.74 232,875.03 17,246.87 171,286.87
3,186,828.87 463,747.29 781,567.09 223,805.33 74,475.21 148,068.81
4,092,686.58 409,038.86 677,424.20 187,383.83 7,755.20 133,153.45
2,363,732.39 336,499.67 424,618.93 47,889.12 7,755.20 29,900.65
2,264,572.85 254,756.54 294,399.44 45,013.45 7,755.20 7,965.05
4,476,612.63 250,249.73 310,690.14 434,155.22 7,755.20 5,002.91
6,906,236.81 238,339.80 313,886.41 481,401.01 23,865.28 5,002.91
5,629,888.08 131,056.39 609,968.32 104,888.78 0.00 5,002.91
5,295,239.38 97,868.67 2,664,290.64 172,088.90 0.00 89,387.07
1,725,376.78 47,534.40 1,347,398.15 1,170.70 0.00 79,567.82
458,843.05 26,996.20 89,447.45 1,170.70 0.00 1,363.14
171,032.59 26,996.20 193,827.50 1,170.70 0.00 1,363.14
260,367.62 17,246.87 156,510.52 0.00 0.00 1,363.14
282,397.46 74,475.21 139,820.39 0.00 0.00 1,363.14
239,911.47 7,755.20 25,908.95 0.00 0.00 0.00
53,028.41 7,755.20 7,965.05 0.00 0.00 0.00
52,287.49 7,755.20 5,002.91 0.00 0.00 0.00
378,380.01 7,755.20 5,002.91 0.00 0.00 0.00
547,106.25 23,865.28 5,002.91 0.00 0.00 0.00
121,960.35 - 89,387.07 0.00 0.00 0.00
224,027.78 - 80,572.23 0.00 0.00 0.00
- - - 0.00 0.00 0.00
- - - 0.00 0.00 0.00
- - - 0.00 0.00 0.00
Total Time Balance of Scheduled
Cash Flows 547,472,069.46 76,013,641.91 119,788,682.38 328,893,031.33 44,881,449.96 82,516,170.19
CASE EQUIPMENT LOAN TRUST 1998-B
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Settle Date
Prepared by Sally Nelson (414) 636-5637 08/17/99 05:32 PM
Scheduled Payment Date 15-Aug-99
Actual Payment Date 16-Aug-99
Collection Period Begin Date 06-Jul-99
Collection Period End Date 31-Jul-98 31-Jul-98 31-Aug-98 05-Aug-99
Days in accrual period (30/360) 30
Days in accrual period (ACT/360) 32
PART I -- MONTHLY DATA INPUT
Receipts During the Period $23,744,070.03
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Collections For The Period $23,744,070.03
Pool Balance (Beg. of Collection Period) $419,975,766.22
Pool Balance (End of Collection Period) $399,065,638.90
Total Receivables Collection $23,744,070.03
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Spread Account Withdrawals to Pay NoteHolders $0.00
Release from Pre-Funding Amount to Paydown A1 Principal $0.00
Reinvestment Income (including Pre-Funding Account, Spread
Account and YSA) $134,531.46
Pre-Funding Account Reinvestment Income $0.00
Total Distribution Amount $23,878,601.49
MISCELLANEOUS DATA
TOTAL COLLATERAL
Scheduled Amounts 30 - 59 days past due $3,723,363.96
Scheduled Amounts 60 days or more past due $2,727,305.36
Net Losses on Liquidated Receivables $154,605.41
Number of Loans at Beginning of Period 17,545
Number of Loans at End of Period 17,215
Repossessed Equipment not Sold or Reassigned (Beginning) $0.00
Repossessed Equipment not Sold or Reassigned (End) $0.00
Pre-Funding Account Reinvestment Income $0.00
CASE EQUIPMENT LOAN TRUST 1998-B
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Actual Payment Date 16-Aug-99
Collection Period Begin Date 06-Jul-99
Collection Period End Date 05-Aug-99
PART II -- SUMMARY
Total Principal Balance of Notes, Deferred Purchase Price and
Certificates (Beginning of Period) $419,975,766.22
A-1 Note Beginning Principal Balance $0.00
A-2 Note Beginning Principal Balance $115,882,735.57
A-3 Note Beginning Principal Balance $140,000,000.00
A-4 Note Beginning Principal Balance $134,794,000.00
B Note Beginning Principal Balance $16,799,030.65
Deferred Purchase Price Beginning Principal Balance $12,400,000.00
Certificate Beginning Principal Balance $100,000.00
Total Principal Balance of Notes, Deferred Purchase Price and
Certificates (End of Period) $399,065,638.90
A-1 Note Principal Balance (End of Period) $0.00
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Principal Balance (End of Period) $95,809,013.34
A-2 Note Pool Factor (End of Period) 0.4790451
A-3 Note Principal Balance (End of Period) $140,000,000.00
A-3 Note Pool Factor (End of Period) 1.0000000
A-4 Note Principal Balance (End of Period) $134,794,000.00
A-4 Note Pool Factor (End of Period) 1.0000000
B Note Principal Balance (End of Period) $15,962,625.56
B Note Pool Factor (End of Period) 0.6385050
Deferred Purchase Price Principal Balance (End of Period) $12,400,000.00
Deferred Purchase Price Pool Factor (End of Period) 1.0000000
Certificate Principal Balance (end of Period) $100,000.00
Certificate Pool Factor (endof Period) 1.0000000
COLLATERAL VALUE DECLINE $20,910,127.32
Pool Balance (Beg. of Collection Period) $419,975,766.22
Pool Balance (End of Collection Period) $399,065,638.90
Total Distribution Amount (TDA) $23,878,601.49
Total Collections and Investment Income for the Period $23,878,601.49
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Principal Distribution Amount (PDA) $20,910,127.32
Principal Allocation to Notes, Deferred Purchase Price and Certificates $20,910,127.32
A-1 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
A-2 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $20,073,722.23
A-3 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
A-4 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
B Noteholders' Principal Distributable Amount (including Carryover Shortfall) $836,405.09
Deferred Purchase Price Principal Distributable Amount (including Carryover Shortfall) $0.00
Certificateholders' Principal Distribuatable Amount (including Carryover Shortfall) $0.00
Interest Distributable Amount $2,039,511.05
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $550,442.99
Noteholders' Interest Distributable Amount applicable to A-3 Notes $677,833.33
Noteholders' Interest Distributable Amount applicable to A-4 Notes $664,983.73
Noteholders' Interest Distributable Amount applicable to B Notes $83,855.16
Deferred Purchase Price Interest Distributable Amount $61,896.67
Certificateholders' Interest Distributable Amount $499.17
Spread Account
Beginning Spread Account Balance $12,499,916.99
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $991,192.29
Distribution from Spread Account for Interest / Principal Shortfall $0.00
Specified Spread Account Balance $12,499,916.99
Ending Spread Account Balance (after distributions) $12,499,916.99
Credit Enhancement 3.13%
Spread account % of Ending Pool Balance 3.13%
Overcollateralization % of Ending Pool Balance 0.00%
Scheduled Amounts 30 - 59 days past due $3,723,363.96
as % of Ending Pool Balance 0.93%
Scheduled Amounts 60 days or more past due $2,727,305.36
as % of Ending Pool Balance 0.68%
Net Losses on Liquidated Receivables $154,605.41
as % of Ending Pool Balance 0.04%
Part III -- Servicing Calculations 16-Aug-99
1. SOURCES AND USES OF Pool 1 Pool 2 Pool 3
COLLECTION ACCOUNT BALANCE (Retail) Cutoff (FPL) Cutoff (Retail) Cutoff Pool 1 Pool 2 Pool 3
Wtd. Avg. APR 8.559% 8.559% 8.668% 8.559% 8.559% 8.668%
Contract Value (Beg.
of Collection Period),
by origination pool $302,033,065.54 $41,619,409.61 $76,323,291.07
Contract Value (End
of Collection Period),
by origination pool $459,900,298.88 $65,328,940.14 $99,766,610.37 $287,392,579.55 $40,053,218.29 $71,619,841.06
Contract Value Decline $14,640,485.99 $1,566,191.32 $4,703,450.01
4.85% 3.76% 6.16%
Initial Pool Balance $624,995,849.39
Pool Balance (End of Collection
Period) $399,065,638.90
Collections and Investment Income
for the period $23,878,601.49
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Total Distribution Amount (TDA) $23,878,601.49
Principal Distribution Amount (PDA) $20,910,127.32
Initial B Percentage 4.000%
Unscheduled Principal (per pool) $0.00 $0.00 $0.00
Total Unscheduled Principal $0.00
2. CALCULATION OF DISTRIBUTABLE
AMOUNTS
Principal Distributable Amount 20,910,127.32
A-1 Note Beginning Principal Balance $0.00
A-1 Noteholders' Principal
Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Share of the
Principal Distribution Amount 0.00%
Preliminary A-1 Noteholders'
Principal Distributable Amount
(including One-Time Excess
Prefund Acct. Pmt.) $0.00
One-Time Excess Prefunding
Account Payment $0.00
A-1 Noteholders' Principal
Distributable Amount
(including Carryover Shortfall) $0.00
Principal Distributable Amount
Remaining $20,910,127.32
A-2 Note Beginning Principal
Balance $115,882,735.57
A-2 Noteholders' Principal
Carryover Shortfall (Previous
Period) $0.00
A-2 Noteholders' Share of the
Principal Distribution Amount 96.00%
A-2 Noteholders' Principal
Distributable Amount (including
Carryover Shortfall) $20,073,722.23
Principal Distributable Amount
Remaining $836,405.09
A-3 Note Beginning Principal
Balance $140,000,000.00
A-3 Noteholders' Principal
Carryover Shortfall (Previous
Period) $0.00
A-3 Noteholders' Share of the
Principal Distribution Amount 0.00%
A-3 Noteholders' Principal
Distributable Amount (including
Carryover Shortfall) $0.00
Principal Distributable Amount
Remaining $836,405.09
A-4 Note Beginning Principal
Balance $134,794,000.00
A-4 Noteholders' Principal
Carryover Shortfall (Previous
Period) $0.00
A-4 Noteholders' Share of the
Principal Distribution Amount 0.00%
A-4 Noteholders' Principal
Distributable Amount (including
Carryover Shortfall) $0.00
Principal Distributable Amount
Remaining $836,405.09
B Note Beginning Principal
Balance $16,799,030.65
B Noteholders' Principal
Carryover Shortfall (Previous
Period) $0.00
B Noteholders' Share of the
Principal Distribution Amount 4.00%
B Noteholders' Principal
Distributable Amount (including
Carryover Shortfall) $836,405.09
Principal Distributable Amount
Remaining $0.00
Deferred Purchase Price Beginning
Principal Balance $12,400,000.00
Deferred Purchase Price Principal
Carryover Shortfall (Previous
Period) $0.00
Deferred Purchase Price Share of
the Principal Distribution
Amount 0.00%
Deferred Purchase Price Principal
Distributable Amount (including
Carryover Shortfall) $0.00
Certificate Purchase Price
Beginning Principal Balance $100,000.00
Certificateholders' Principal
Carryover Shortfall (Previous
Period) $0.00
Certificateholders' Share of the
Principal Distribution Amount 0.00%
Certificateholders' Principal
Distributable Amount (including
Carryover Shortfall) $0.00
Interest Accrued on Class A-1
Notes this period 5.6075% ACT/360 $0.00
Noteholders' Interest Carryover
Shortfall (Previous Period)
applicable to A-1 Notes $0.00
Interest Due (in Arrears) on
above Shortfall $0.00
Noteholders' Interest
Distributable Amount applicable
to A-1 Notes $0.00
Interest Accrued on Class A-2
Notes this period 5.7000% 30/360 $550,442.99
Noteholders' Interest Carryover
Shortfall (Previous Period)
applicable to A-2 Notes $0.00
Interest Due (in Arrears) on
above Shortfall $0.00
Noteholders' Interest
Distributable Amount applicable
to A-2 Notes $550,442.99
Interest Accrued on Class A-3
Notes this period 5.8100% 30/360 $677,833.33
Noteholders' Interest Carryover
Shortfall (Previous Period)
applicable to A-3 Notes $0.00
Interest Due (in Arrears) on
above Shortfall $0.00
Noteholders' Interest
Distributable Amount applicable
to A-3 Notes $677,833.33
Interest Accrued on Class A-4
Notes this period 5.9200% 30/360 $664,983.73
Noteholders' Interest Carryover
Shortfall (Previous Period)
applicable to A-4 Notes $0.00
Interest Due (in Arrears) on
above Shortfall $0.00
Noteholders' Interest
Distributable Amount applicable
to A-4 Notes $664,983.73
Interest Accrued on Class A-1,
A-2, A-3 and A-4 Notes this
period $1,893,260.05
Offered Noteholders' Interest
Carryover Shortfall (Previous
Period) $0.00
Interest Due (in Arrears) on
above Shortfall $0.00
Offered Noteholders' Interest
Distributable Amount $1,893,260.05
Interest Accrued on Class B Notes
this period 5.9900% 30/360 $83,855.16
Noteholders' Interest Carryover
Shortfall (Previous Period)
applicable to B Notes $0.00
Interest Due (in Arrears) on
above Shortfall $0.00
Noteholders' Interest
Distributable Amount
applicable to B Notes $83,855.16
Interest Accrued on Deferred
Purchase Price this period 5.9900% 30/360 $61,896.67
Deferred Purchase Price Interest
Carryover Shortfall (Previous
Period) $0.00
Interest Due (in Arrears) on Above
Shortfall $0.00
Deferred Purchase Price Interest
Distributable Amount $61,896.67
Interest Accrued on Certificates
this period 5.9900% 30/360 $499.17
Certificateholders' Interest
Carryover Shortfall (Previous
Period) $0.00
Interest Due (in Arrears) on
Above Shortfall $0.00
Certificateholders' Interest
Distributable Amount $499.17
3. ALLOCATION OF DISTRIBUTION AMOUNTS
a. Total Distribution Amount (TDA) $23,878,601.49
Administration Fee Shortfall
(Previous Period) $0.00
Administration Fee Accrued during
this Period $500.00 per quarter $166.67
Administration Fee Paid this
Period from TDA $166.67
Administration Fee Shortfall $0.00
Total Distribution Amount
Remaining $23,878,434.82
Noteholders' Interest Carryover
Shortfall (Previous Period)
applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above
Shortfall $0.00
Interest Accrued on Class A-1
Notes this period $0.00
Noteholders' Interest applicable
to A-1 Notes Paid this Period
from TDA $0.00
Preliminary Noteholders' Interest
Carryover Shortfall (Current
Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover
Shortfall (Previous Period)
applicable to A-2 Notes $0.00
Interest Due (in Arrears) on
above Shortfall $0.00
Interest Accrued on Class A-2
Notes this period $550,442.99
Noteholders' Interest applicable
to A-2 Notes Paid this Period
from TDA $550,442.99
Preliminary Noteholders' Interest
Carryover Shortfall (Current
Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover
Shortfall (Previous Period)
applicable to A-3 Notes $0.00
Interest Due (in Arrears) on
above Shortfall $0.00
Interest Accrued on Class A-3
Notes this period $677,833.33
Noteholders' Interest applicable
to A-3 Notes Paid this Period
from TDA $677,833.33
Preliminary Noteholders' Interest
Carryover Shortfall (Current
Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover
Shortfall (Previous Period)
applicable to A-4 Notes $0.00
Interest Due (in Arrears) on
above Shortfall $0.00
Interest Accrued on Class A-4
Notes this period $664,983.73
Noteholders' Interest applicable
to A-4 Notes Paid this Period
from TDA $664,983.73
Preliminary Noteholders' Interest
Carryover Shortfall (Current
Period) applicable to A-4 Notes $0.00
Offered Noteholders' Interest
Carryover Shortfall (Previous
Period) $0.00
Interest Due (in Arrears) on above
Shortfall $0.00
Interest Accrued on Class A-1,
A-2, A-3 and A-4 Notes this
period $1,893,260.05
Offered Noteholders' Interest
Paid this Period from TDA $1,893,260.05
Preliminary A Noteholders'
Interest Carryover Shortfall
(Current Period) $0.00
Total Distribution Amount
Remaining $21,985,174.77
Noteholders' Interest Carryover
Shortfall (Previous Period)
applicable to B Notes $0.00
Interest Due (in Arrears) on above
Shortfall $0.00
Interest Accrued on B Notes this
period $83,855.16
Noteholders' Interest applicable
to B Notes Paid this Period
from TDA $83,855.16
Preliminary Noteholders' Interest
Carryover Shortfall (Current
Period) applicable to B Notes $0.00
Total Distribution Amount
Remaining $21,901,319.61
A-1 Noteholders' Principal
Carryover Shortfall (Previous
Period) $0.00
A-1 Noteholders' Monthly Principal
Distributable Amount (including
Caryover Shortfall) $0.00
A-1 Noteholders' Principal
Distributable Amount Paid from
TDA $0.00
Preliminary A-1 Noteholders'
Principal Carryover Shortfall
(Current Period) $0.00
Total Distribution Amount
Remaining $21,901,319.61
A-2 Noteholders' Principal
Carryover Shortfall (Previous
Period) $0.00
A-2 Noteholders' Monthly Principal
Distributable Amount (including
Caryover Shortfall) $20,073,722.23
A-2 Noteholders' Principal
Distributable Amount Paid from
TDA $20,073,722.23
Preliminary A-2 Noteholders'
Principal Carryover Shortfall
(Current Period) $0.00
Total Distribution Amount
Remaining $1,827,597.38
A-3 Noteholders' Principal
Carryover Shortfall (Previous
Period) $0.00
A-3 Noteholders' Monthly Principal
Distributable Amount (including
Caryover Shortfall) $0.00
A-3 Noteholders' Principal
Distributable Amount Paid from
TDA $0.00
Preliminary A-3 Noteholders'
Principal Carryover Shortfall
(Current Period) $0.00
Total Distribution Amount
Remaining $1,827,597.38
A-4 Noteholders' Principal
Carryover Shortfall (Previous
Period) $0.00
A-4 Noteholders' Monthly Principal
Distributable Amount (including
Caryover Shortfall) $0.00
A-4 Noteholders' Principal
Distributable Amount Paid from
TDA $0.00
Preliminary A-4 Noteholders'
Principal Carryover Shortfall
(Current Period) $0.00
Total Distribution Amount
Remaining $1,827,597.38
B Noteholders' Principal
Carryover Shortfall (Previous
Period) $0.00
B Noteholders' Monthly Principal
Distributable Amount (including
Caryover Shortfall) $836,405.09
B Noteholders' Principal
Distributable Amount Paid from
TDA $836,405.09
Preliminary B Noteholders'
Principal Carryover Shortfall
(Current Period) $0.00
Total Excess Distribution Amount
Remaining $991,192.29
4. RECONCILIATION OF PRE-FUNDING
ACCOUNT
Beginning Pre-Funding Account
Balance $0.00
New Collateral Purchased $0.00
Deposit to Spread Account 2.00% $0.00
Deposit to Yield Supplement Account $0.00
Payment to Seller $0.00
Payment to Class A-1 after Funding
is Complete $0.00
Ending Pre-Funding Account Balance $0.00
Excess Pre-Funded Amount/(Payment
to Sellers) $0.00
Adjusted Ending Pre-Funding
Account Balance $0.00
5. RECONCILIATION OF NEGATIVE
CARRY ACCOUNT
Beginning Negative Carry Account
Balance $0.00
Negative Carry 3.268374%
Number of Days Remaining 0 days
Pre-Funded Percentage 0.000%
Negative Carry Withdrawls $0.00
Cumulative Negative Carry
Withdrawls $300,471.65
Maximum Negative Carry Amount $0.00
Required Negative Carry Account
Balance $0.00
Interim Ending Negative Carry
Account Balance $0.00
Negative Carry Amount Released to
Seller $0.00
Ending Negative Carry Account
Balance $0.00
6. RECONCILATION OF YIELD
SUPPLEMENT ACCOUNT
Beginning Yield Supplement Account
Balance $2,245,332.87
Deposit to Yield Supplement
Account from Pre-Funding Account $0.00
Receivables Percentage 100.00%
Withdrawal of Yield Supplement
Amount $0.00
Maximum Yield Supplement Amount $2,245,332.87
Required Yield Supplement Amount $2,245,332.87
Interim Yield Supplement Account
Balance $2,245,332.87
Yield Supplement Amount Released
to Seller $0.00
Ending Yield Supplement Account
Balance $2,245,332.87
7. DISTRIBUTIONS FROM SPREAD
ACCOUNT
Beginning Spread Account Balance $12,499,916.99
Deposit to Spread Account from
Pre-Funding Account $0.00
Deposit to Spread Account from
Excess Collections over
Distributions $991,192.29
Distribution from Spread Account
to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders'
Interest Carryover Shortfall
(Current Period) applicable to
A-1 Notes $0.00
Adj to Preliminary Noteholders'
Interest Carryover Shortfall
(Current Period) applicable to
A-2 Notes $0.00
Adj to Preliminary Noteholders'
Interest Carryover Shortfall
(Current Period) applicable to
A-3 Notes $0.00
Adj to Preliminary Noteholders'
Interest Carryover Shortfall
(Current Period) applicable to
A-4 Notes $0.00
Remaining Distributed Spread
Account Amount to Noteholders'
Distr. Account $0.00
Adj to Preliminary Noteholders'
Interest Carryover Shortfall
(Current Period) applicable to
B Notes $0.00
Remaining Distributed Spread
Account Amount to Noteholders'
Distr. Account $0.00
Adj to Preliminary A-1 Noteholders'
Principal Carryover Shortfall
(Current Period) $0.00
Adj to Preliminary A-2 Noteholders'
Principal Carryover Shortfall
(Current Period) $0.00
Adj to Preliminary A-3 Noteholders'
Principal Carryover Shortfall
(Current Period) $0.00
Adj to Preliminary A-4 Noteholders'
Principal Carryover Shortfall
(Current Period) $0.00
Remaining Distributed Spread
Account Amount to Noteholders'
Distr. Account $0.00
Adj to Preliminary B Noteholders'
Principal Carryover Shortfall
(Current Period) $0.00
Preliminary Spread Account Balance
Remaining $13,491,109.28
Cumulative Realized Losses since
31-July-98 (Cut-off Date) $1,671,697.23
Are Cum. Realized Losses GREATER
THAN 2.25% of Initial Pool
Balance? NO
12*(Realized Losses during
Collection Period + Repos at
end of Collection Period) $1,855,264.92
Is 12*Realized Losses + Unliq.
Repos GREATER THAN 1.65% of Beg.
Pool Balance? NO
60 day or GREATER THAN Delinquent
Scheduled Amounts $2,727,305.36
Are 60 day or GREATER THAN
Delinquencies GREATER THAN 2.25%
of Ending Pool Balance? NO
Are any of the three conditions "YES"? NO
Case Credit has discovered a systems error in the report used to identify
losses for the trust. The report only identified losses that had been
applied against dealer reserves. It failed to include in the loss figure any
losses that were not covered by dealer reserves. This resulted in an
inadvertent and immaterial understatement of losses in the monthly servicer
reports for years prior to 1999. The systems error had no impact on
historical loss figures reflected in the prospectuses for the ABS
transactions, which were generated separately and were accurate.
As a result of the systems error, Case Credit incorrectly absorbed the losses
that were not included in the monthly servicer reports through its on-book
reserves. Case Credit will not charge these losses back to the trust. The
cumulative amount of losses that were inadvertently absorbed by Case Credit
that should have been charged to the trust was $47,514.04
If the monthly servicer reports for the trust were restated, the cumulative loss
test would still have been met as indicated below:
Restated Cumulative Realized Losses: 1,719,211.27
Are Cum. Realized Losses GREATER
THAN 2.25% of Initial Pool
Balance? NO
Preliminary A-1 Note Principal
Balance (End of Period) $0.00
Preliminary A-2 Note Principal
Balance (End of Period) $95,809,013.34
Preliminary A-3 Note Principal
Balance (End of Period) $140,000,000.00
Preliminary A-4 Note Principal
Balance (End of Period) $134,794,000.00
Preliminary B Note Principal
Balance (End of Period) $15,962,625.56
Preliminary Total Principal
Balance of Notes (End of
Period) $386,565,638.90
Specified Spread Account Balance 12,499,916.99
Lesser of:
(a) 2.00% of the Initial Pool
Balance 2.00% 12,499,916.99
(b) the Note Balance 386,565,638.90
Preliminary Spread Account
Balance Remaining $13,491,109.28
Preliminary Excess Amount in
Spread Account $991,192.29
Preliminary Shortfall Amount in
Spread Account $0.00
Deposit to Spread Account from
Remaing Excess Distribution $0.00
Spread Account Excess $991,192.29
Ending Spread Account Balance
(after distributions) $12,499,916.99
Net Change in Spread Account
Balance $0.00
Total Excess Distribution Amount
Remaining $991,192.29
Deferred Purchase Price Interest
Carryover Shortfall (Previous
Period) $0.00
Interest Due (in Arrears) on Above
Shortfall $0.00
Interest Accrued on Deferred
Purchase Price this period $61,896.67
Deferred Purchase Price Interest
Paid from Excess Distribution $61,896.67
Preliminary Deferred Purchase
Price Interest Carryover
Shortfall (Current Period) $0.00
Certificateholders' Interest
Carryover Shortfall (Previous
Period) $0.00
Interest Due (in Arrears) on
Above Shortfall $0.00
Interest Accrued on Certificates
this period $499.17
Certificateholders' Interest Paid
from Excess Distribution $499.17
Certificateholders' Interest
Carryover Shortfall (Current
Period) $0.00
Total Excess Distribution Amount
Remaining $928,796.45
Deferred Purchase Price Principal
Carryover Shortfall (Previous
Period) $0.00
Deferred Purchase Price Principal
Distributable Amount current
period (including Carryover
Shortfall) $0.00
Deferred Purchase Price Principal
Distributable Amount Paid from
Fixed and Floating Rate Excess
Distrbution $0.00
Preliminary Deferred Purchase Price
Principal Carryover Shortfall
(Current Period) $0.00
Certificateholders' Principal
Carryover Shortfall (Previous
Period) $0.00
Certificateholders' Principal
Distributable Amount current
period (including Carryover
Shortfall) $0.00
Certificateholders' Principal
Distributable Amount Paid from
Fixed and Floating Rate Excess
Distrbution $0.00
Preliminary Certificateholders'
Principal Carryover Shortfall
(Current Period) $0.00
Total Excess Distribution Amount
Remaining $928,796.45
Servicing Fee Shortfall (Previous
Period) $0.00
Servicing Fees Accrued during this
Period 1.00% $349,979.81
Adjustment to Servicing Fee $0.00
Adjustment to Excess Distribution
Amount Remaining $0.00
Servicing Fees Paid this Period
from Excess Distribution $349,979.81
Servicing Fee Shortfall $0.00
Total Excess Distribution Amount
Remaining $578,816.64
8. ENDING BALANCES
Noteholders' Interest Carryover
Shortfall (Current Period)
applicable to A-1 Notes $0.00
Noteholders' Interest Carryover
Shortfall (Current Period)
applicable to A-2 Notes $0.00
Noteholders' Interest Carryover
Shortfall (Current Period)
applicable to A-3 Notes $0.00
Noteholders' Interest Carryover
Shortfall (Current Period)
applicable to A-4 Notes $0.00
Noteholders' Interest Carryover
Shortfall (Current Period)
applicable to B Notes $0.00
A-1 Noteholders' Principal
Carryover Shortfall (Current
Period) $0.00
A-2 Noteholders' Principal
Carryover Shortfall (Current
Period) $0.00
A-3 Noteholders' Principal
Carryover Shortfall (Current
Period) $0.00
A-4 Noteholders' Principal
Carryover Shortfall (Current
Period) $0.00
B Noteholders' Principal
Carryover Shortfall (Current
Period) $0.00
Deferred Purchase Price Interest
Carryover Shortfall (Current
Period) $0.00
Deferred Purchase Price Principal
Carryover Shortfall (Current
Period) $0.00
Certificateholders' Interest
Carryover Shortfall (Current
Period) $0.00
Certificateholders' Principal
Carryover Shortfall (Current
Period) $0.00
A-1 Note Principal Balance (End
of Period) $0.00
A-2 Note Principal Balance (End
of Period) $95,809,013.34
A-3 Note Principal Balance (End
of Period) $140,000,000.00
A-4 Note Principal Balance (End
of Period) $134,794,000.00
B Note Principal Balance (End
of Period) $15,962,625.56
Deferred Purchase Price Principal
Balance (End of Period) $12,400,000.00
Certificate Principal Balance (end
of Period) $100,000.00
Total Principal Balance of Notes,
Deferred Purchase Price and
Certificates (End of Period) $399,065,638.90
A-1 Note Pool Factor (End of
Period) $112,706,000.00 0.0000000
A-2 Note Pool Factor (End of
Period) $200,000,000.00 0.4790451
A-3 Note Pool Factor (End of
Period) $140,000,000.00 1.0000000
A-4 Note Pool Factor (End of
Period) $134,794,000.00 1.0000000
B Note Pool Factor (End of
Period) $25,000,000.00 0.6385050
Deferred Purchase Price Pool
Factor (End of Period) $12,400,000.00 1.0000000
Certificate Pool Factor
(endof Period) $100,000.00 1.0000000
Total Notes, Deferred Purchase
Price & Certificates Pool
Factor (End of Period) 0.6385050
Specified Spread Account Balance
(after all distributions and
adjustments) $12,499,916.99
Yield Supplement Account Balance
(after alldistributions and
adjustment): $2,245,332.87
CASE EQUIPMENT LOAN TRUST 1998-B
STATEMENT TO NOTEHOLDERS
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Payment Date: 16-Aug-99
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $20,073,722.23
per $1,000 original principal amount: $100.37
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $836,405.09
per $1,000 original principal amount: $33.46
(f) Total $20,910,127.32
(2) Interest Paid on the Notes
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $550,442.99
per $1,000 original principal amount: $2.75
(c) A-3 Notes: $677,833.33
per $1,000 original principal amount: $4.84
(d) A-4 Notes: $664,983.73
per $1,000 original principal amount: $4.93
(e) B Notes: $83,855.16
per $1,000 original principal amount: $3.35
(f) Total $1,977,115.21
(3) Pool Balance at the end of the related Collection Period $399,065,638.90
(4) After giving effect to distributions on current Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $95,809,013.34
(ii) A-2 Note Pool Factor: 0.4790451
(c) (i) outstanding principal amount of A-3 Notes: $140,000,000.00
(ii) A-3 Note Pool Factor 1.0000000
(d) (i) outstanding principal amount of A-4 Notes: $134,794,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $15,962,625.56
(ii) B Note Pool Factor: 0.6385050
(f) (i) Deferred Purchase Price Balance $12,400,000.00
(ii) Deferred Purchase Price Pool Factor: 1.0000000
(g) (i) Certificate Balance $100,000.00
(ii) Certificate Pool Factor: 1.00000000
(5) Amount of Servicing Fee: $349,979.81
per $1,000 Beginning of Collection Period: 1.15874666
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.00055182
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $154,605.41
(9) Amount in Spread Account: $12,499,916.99
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
(13) Amount in Yield Supplement Account: $2,245,332.87
===========================================================================================================================
CASE EQUIPMENT LOAN TRUST 1998-B
STATEMENT TO CERTIFICATEHOLDERS
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Payment Date: 16-Aug-99
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $20,073,722.23
per $1,000 original principal amount: $100.37
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $836,405.09
per $1,000 original principal amount: $33.46
(f) Deferred Purchase Price: $0.00
per $1,000 original principal amount: $0.00
(g) Certificates: 0.00
per $1,000 original principal amount: $0.00
(h) Total: $20,910,127.32
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $550,442.99
per $1,000 original principal amount: $2.75
(c) A-3 Notes: $677,833.33
per $1,000 original principal amount: $4.84
(d) A-4 Notes: $664,983.73
per $1,000 original principal amount: $4.93
(e) B Notes: $83,855.16
per $1,000 original principal amount: $3.35
(f) Deferred Purchase Price: $61,896.67
per $1,000 original principal amount: $4.99
(g) Certificates: $499.17
per $1,000 original principal amount: $4.99
(h) Total: $2,039,511.05
(3) Pool Balance at end of related Collection Period: $399,065,638.90
(4) After giving effect to distributions on this Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $95,809,013.34
(ii) A-2 Note Pool Factor: 0.4790451
(c) (i) outstanding principal amount of A-3 Notes: $140,000,000.00
(ii) A-3 Note Pool Factor: 1.0000000
(d) (i) outstanding principal amount of A-4 Notes: $134,794,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $15,962,625.56
(ii) C Note Pool Factor: 0.6385050
(f) (i) Deferred Purchase Price Balance $12,400,000.00
(ii) Certificate Pool Factor: 1.0000000
(g) (i) Certificate Balance 100,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $349,979.81
per $1,000 Beginning of Collection Period: 1.1587467
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.0005518
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $154,605.41
(9) Amount in Spread Account: $12,499,916.99
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
(13) Amount in Yield Supplement Account: $2,245,332.87
CASE EQUIPMENT LOAN TRUST 1998-B
PAYMENT AND DEPOSIT INSTRUCTIONS TO INDENTURE TRUSTEE
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Payment Date: 16-Aug-99
(1) Payment of Administration Fee to Administrator: $166.67
(2) Offered Noteholders' Interest Distributable Amount
deposited into Note Distribution Account: $1,977,115.21
(3) Noteholders' Principal Distributable Amount to be
deposited into Noteholders' Distribution Account: $20,910,127.32
(4) Deferred Purchase Price Interest Distributable Amount to be
deposited into Deferred Purchase Price Distribution Account: $61,896.67
(5) Deferred Purchase Price Principal Distributable Amount to be
deposited into Deferred Purchase Price Distribution Account: $0.00
(6) Certificateholders' Interest Distributable Amount to be
deposited into Certificateholders' Distribution Account: $499.17
(7) Certificateholders' Principal Distributable Amount to be
deposited into Certificateholders' Distribution Account: $0.00
(8) Payment of Servicing Fee to Servicer: $349,979.81
(9) Release to Seller from Excess Collections over Distributions $578,816.64
Check for Error NO ERROR
Sum of Above Distributions $23,878,601.49
Total Distribution Amount plus Releases to Seller $23,878,601.49
CASE EQUIPMENT LOAN TRUST 1998-B
SERVICER'S CERTIFICATE
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Payment Date: 16-Aug-99
(1) Total Distribution Amount: $23,878,601.49
(2) Administration Fee: $166.67
(3) Noteholders' Interest Distributable Amount applicable to A-1 Notes: $0.00
(4) Noteholders' Interest Carryover Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable Amount applicable to A-2 Notes: $550,442.99
(6) Noteholders' Interest Carryover Shortfall applicable to A-2 Notes: $0.00
(7) Noteholders' Interest Distributable Amount applicable to A-3 Notes: $677,833.33
(8) Noteholders' Interest Carryover Shortfall applicable to A-3 Notes: $0.00
(9) Noteholders' Interest Distributable Amount applicable to A-4 Notes: $664,983.73
(10) Noteholders' Interest Carryover Shortfall applicable to A-4 Notes: $0.00
(11) Noteholders' Interest Distributable Amount applicable to b Notes: $83,855.16
(12) Noteholders' Interest Carryover Shortfall applicable to B Notes: $0.00
(13) Offered Noteholders' Interest Distributable Amount' $1,977,115.21
deposited into Note Distribution Account:
(14) A-1 Noteholders' Monthly Principal Distributable Amount: $0.00
(15) % of Fixed Rate Principal Distribution Amount applicable to A-1 Noteholders 0.00%
(16) A-1 Noteholders' Principal Carryover Shortfall: $0.00
(17) A-1 Noteholders' Principal Distributable Amount: $0.00
(18) A-2 Noteholders' Monthly Principal Distributable Amount: $20,073,722.23
(19) % of Fixed Rate Principal Distribution Amount applicable to A-2 Noteholders 96.00%
(20) A-2 Noteholders' Principal Carryover Shortfall: $0.00
(21) A-2 Noteholders' Principal Distributable Amount: $20,073,722.23
(22) A-3 Noteholders' Monthly Principal Distributable Amount: $0.00
(23) % of Fixed Rate Principal Distribution Amount applicable to A-3 Noteholders 0.00%
(24) A-3 Noteholders' Principal Carryover Shortfall: $0.00
(25) A-3 Noteholders' Principal Distributable Amount: $0.00
(26) A-4 Noteholders' Monthly Principal Distributable Amount: $0.00
(27) % of Fixed Rate Principal Distribution Amount applicable to A-4 Noteholders 0.00%
(28) A-4 Noteholders' Principal Carryover Shortfall: $0.00
(29) A-4 Noteholders' Principal Distributable Amount: $0.00
(30) B Noteholders' Monthly Principal Distributable Amount: $836,405.09
(31) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to B Noteholders 4.00%
(32) B Noteholders' Principal Carryover Shortfall: $0.00
(33) B Noteholders' Principal Distributable Amount: $836,405.09
(34) Noteholders' Principal Distribution Amount: $20,910,127.32
(35) Noteholders' Distributable Amount: $22,887,242.53
(36) Deposit to Spread Account (from excess collections): $991,192.29
(37) Specified Spread Account Balance (after all distributions and adjustments) : $12,499,916.99
The Lesser of:
(a) 2.00% of the Initial Pool Balance $12,499,916.99
(b) the Note Balance $386,565,638.90
(38) Spread Account Balance over the Specified Spread Account Balance: $991,192.29
(39) Deffered Purchase Price Interest Distribution Amount: $61,896.67
(40) Deffered Purchase Price Interest Carryover Shortfall: $0.00
(41) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to Deffered Purchase Price 0.00%
(42) Deffered Purchase Price Principal Distributable Amount applicable to current period $0.00
(43) Deffered Purchase Price Principal Carryover Shortfall: $0.00
(44) Deffered Purchase Price Principal Distribution Amount: $0.00
(45) Deffered Purchase Price Distribution Amount: $61,896.67
(39) Certificateholders' Interest Distribution Amount: $499.17
(40) Certificateholders' Interest Carryover Shortfall: $0.00
(41) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to Certificates 0.00%
(42) Certificates Principal Distributable Amount applicable to current period $0.00
(43) Certificates Principal Carryover Shortfall: $0.00
(44) Certificates Principal Distribution Amount: $0.00
(45) Certificates Distribution Amount: $499.17
(46) Servicing Fee: $349,979.81
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
CASE EQUIPMENT LOAN TRUST 1998-B
SERVICER'S CERTIFICATE
$112,706,000 Class A-1 5.6075% Asset Backed Notes due September 15, 1999
$200,000,000 Class A-2 5.700% Asset Backed Notes due May 15, 2002
$140,000,000 Class A-3 5.810% Asset Backed Notes due May 15, 2003
$134,794,000 Class A-4 5.920% Asset Backed Notes due October 17, 2005
$25,000,000 Class B 5.990% Asset Backed Notes due October 17, 2005
$12,400,000 Deferred Purchase Price
$100,000 5.990% Asset Backed Certificates due October 17, 2005
Payment Date: 00-Jan-00
(47) Excess Amounts Distributed To Seller:
(a) Release of Remaining Fixed and Floating Rate Excess Distributions $578,816.64
(b) Release of Excess Amount in Negative Carry Account $0.00
(b) Release of Excess Amount in Yield Supplement Account $0.00
(48) Amount to be withdrawn from the Spread Account and deposited
into the Note Distribution Account $0.00
(49) Pool Balance as of the opening of business on the first day of
the Collection Period in which the Payment Date occurs: $419,975,766.22
(50) After giving effect to all distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-2 Notes: $95,809,013.34
A-2 Note Pool Factor: 0.4790451
Outstanding Principal Balance of A-3 Notes: $140,000,000.00
A-3 Note Pool Factor: 1.0000000
Outstanding Principal Balance of A-4 Notes: $134,794,000.00
A-4 Note Pool Factor: 1.0000000
Outstanding Principal Balance of B Notes: $15,962,625.56
B Note Pool Factor: 0.6385050
Outstanding Principal Balance of the Deferred Purchase Price: $12,400,000.00
Deferred Purchase Price Pool Factor: 1.0000000
Outstanding Principal Balance of the Certificates: 100,000.00
Certificate Pool Factor: 1.0000000
(51) Aggregate Purchase Amounts for related Collection Period: $0.00
(52) Aggregate Amount of Realized Losses for the related Collection Period: $154,605.41
(53) Spread Account Balance after giving effect to all distributions: $12,499,916.99
CASE EQUIPMENT LOAN TRUST 1998-C
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
16-Aug-99
06:51 PM
Prepared by Sally Nelson (414) 636-5637 File: us98-c3.xls
--------------------------------------------
31-Oct-98 31-Oct-98
NPV Data Input Section --------------------------------------------
Scheduled cash flows as of the indicated cutoff date Pool 1 (Retail) Cutoff Pool 2 (LPL) Cutoff
Row 0 is total delinquent amount valued without discounting 0 1,575,417.93 893,634.21
1 12,428,455.95 4,354,139.23
2 7,371,846.12 4,674,788.83
3 5,289,520.70 2,544,216.93
4 5,549,122.56 2,881,522.46
5 5,505,194.10 3,871,835.68
6 4,841,682.97 2,994,089.99
7 4,735,558.70 2,501,055.77
8 7,284,400.76 1,980,387.14
9 7,653,812.72 2,680,818.10
10 21,545,307.93 3,075,152.55
11 17,563,069.20 2,396,425.69
12 13,896,057.40 3,406,721.59
13 7,630,180.31 3,038,517.25
14 7,333,548.54 5,607,985.11
15 4,538,294.37 2,660,146.64
16 4,735,598.76 3,431,092.35
17 4,676,012.46 4,794,930.31
18 4,279,116.05 3,585,222.15
19 4,258,063.42 2,918,011.82
20 4,834,936.67 2,702,553.33
21 5,837,618.11 3,052,838.45
22 18,406,951.02 3,387,245.79
23 14,429,414.68 2,874,484.95
24 9,799,857.01 3,050,881.01
25 5,747,699.28 3,304,658.17
26 6,646,864.59 4,872,982.01
27 4,073,116.36 2,529,108.55
28 4,242,598.85 3,440,621.84
29 4,301,149.03 3,598,961.33
30 3,931,310.80 3,438,274.88
31 3,817,604.92 2,477,709.00
32 4,410,871.91 1,630,415.36
33 5,306,408.17 2,041,407.37
34 17,223,090.60 2,413,573.36
35 13,550,783.42 2,055,505.92
36 8,821,655.67 1,957,189.55
37 4,882,176.71 1,759,653.26
----------------------------------------
30-Nov-98 31-Dec-98
NPV Data Input Section ----------------------------------------
Scheduled cash flows as of the indicated cutoff date Pool 3 (Retail) Cutoff Pool 4 Cutoff
Row 0 is total delinquent amount valued without discounting 0 219,386.35 33,131.38
1 2,644,522.52 373,024.70
2 1,584,402.47 331,825.70
3 1,855,974.40 198,202.41
4 1,704,737.57 253,145.06
5 1,961,839.20 182,192.78
6 1,921,414.50 308,642.59
7 1,868,954.33 219,274.67
8 2,141,734.04 1,091,139.13
9 3,617,113.04 221,591.35
10 2,351,879.43 1,318,785.71
11 12,867,986.46 6,880,653.60
12 8,634,128.19 2,171,880.61
13 2,795,157.06 526,293.33
14 1,931,437.32 267,480.99
15 1,726,348.93 238,436.12
16 1,693,724.42 260,467.73
17 1,953,339.63 190,044.34
18 1,847,727.58 338,461.53
19 1,804,299.69 193,705.53
20 2,020,268.67 896,254.51
21 3,250,869.84 215,171.81
22 2,265,861.38 1,366,028.67
23 12,693,501.44 6,824,318.61
24 8,518,011.39 2,152,830.95
25 2,534,168.99 525,487.46
26 1,826,923.92 266,675.12
27 1,607,600.24 237,630.25
28 1,589,325.37 258,887.95
29 1,820,250.82 186,115.89
30 1,696,093.38 336,881.75
31 1,678,611.69 192,125.75
32 1,892,656.68 884,331.10
33 2,959,438.93 213,592.03
34 1,977,856.42 1,327,375.07
35 12,344,536.46 6,754,523.64
36 8,124,445.59 2,077,491.32
37 2,137,158.76 496,715.29
----------------------------------------
05-Jul-99 05-Jul-99
NPV Data Input Section ----------------------------------------
Scheduled cash flows as of the indicated cutoff date Pool 1 Pool 2
Row 0 is total delinquent amount valued without discounting 0 4,452,526.43 1,809,582.68
1 6,892,009.83 2,509,616.40
2 19,988,742.26 2,500,164.52
3 15,809,084.00 2,292,849.96
4 13,060,223.76 3,031,156.83
5 7,152,121.92 2,868,538.65
6 6,512,990.72 4,941,552.87
7 4,095,436.09 2,366,984.85
8 4,160,673.87 2,726,570.85
9 4,128,973.50 4,412,813.26
10 3,833,963.26 3,320,666.42
11 3,845,785.57 2,712,334.55
12 4,204,972.45 2,489,039.59
13 5,240,800.01 2,715,277.51
14 16,967,203.58 2,814,788.82
15 12,955,655.89 2,646,964.34
16 9,124,509.69 2,650,019.21
17 5,305,255.07 3,004,639.34
18 5,839,151.49 4,114,868.09
19 3,688,849.04 2,372,474.49
20 3,764,304.03 2,789,493.45
21 3,771,969.36 3,145,634.11
22 3,517,636.34 3,143,574.32
23 3,429,325.31 2,286,573.93
24 3,804,505.83 1,333,949.06
25 4,736,984.54 1,783,017.49
26 15,808,303.55 1,931,918.70
27 12,084,267.32 1,877,335.46
28 8,186,935.25 1,815,048.37
29 4,510,822.26 1,591,340.17
30 4,984,255.21 1,950,135.97
31 2,984,688.85 1,460,700.17
32 2,855,813.70 1,689,224.19
33 2,808,924.35 1,796,252.06
34 2,622,394.95 1,822,397.21
35 2,648,659.19 1,890,115.42
36 2,945,033.51 1,097,314.73
37 3,670,977.97 1,305,359.55
----------------------------------------
05-Jul-99 05-Jul-99
NPV Data Input Section ----------------------------------------
Scheduled cash flows as of the indicated cutoff date Pool 3 Pool 4
Row 0 is total delinquent amount valued without discounting 0 1,308,559.54 118,705.56
1 1,998,583.00 200,912.68
2 3,489,234.92 1,101,368.67
3 2,154,823.24 205,641.27
4 12,283,439.04 1,274,248.24
5 8,277,365.13 6,742,026.00
6 2,670,239.28 2,066,817.21
7 1,791,409.72 480,777.18
8 1,612,776.19 224,861.42
9 1,546,078.27 224,162.80
10 1,784,331.20 202,374.04
11 1,703,852.20 172,591.19
12 1,688,483.13 321,008.38
13 1,866,102.69 173,840.47
14 3,117,762.95 878,801.36
15 2,049,031.42 197,718.66
16 12,127,936.11 1,319,988.12
17 8,185,231.20 6,684,016.33
18 2,412,413.02 2,037,567.47
19 1,690,968.71 480,777.18
20 1,509,704.46 224,861.42
21 1,452,286.71 224,162.80
22 1,662,084.40 202,374.04
23 1,573,185.78 170,242.52
24 1,578,543.61 271,059.08
25 1,755,412.51 173,840.47
26 2,845,115.31 868,457.73
27 1,810,931.23 197,718.66
28 11,796,139.74 1,282,914.30
29 7,793,294.63 6,614,398.16
30 2,042,330.69 1,959,278.67
31 1,385,287.94 462,998.11
32 1,191,856.44 183,049.53
33 1,134,338.70 185,884.56
34 1,257,291.54 190,275.42
35 1,237,186.88 158,143.90
36 1,216,069.53 223,709.96
37 1,437,790.57 161,741.85
38 5,611,324.84 2,311,011.13
39 3,289,450.23 1,618,491.96
40 3,234,177.22 1,965,389.75
41 3,204,975.44 2,085,981.24
42 2,927,498.69 2,155,442.07
43 2,942,625.98 2,048,778.26
44 3,391,248.11 1,282,570.89
45 4,120,665.41 1,428,449.02
46 14,086,732.21 1,063,786.42
47 9,773,524.10 1,066,070.37
48 5,934,968.38 1,193,865.28
49 2,864,720.06 1,091,887.29
50 3,473,332.00 1,511,046.96
51 1,547,204.93 921,688.02
52 1,532,851.50 729,104.05
53 1,383,990.96 1,047,778.43
54 1,093,526.42 1,351,693.73
55 1,159,104.92 1,095,311.66
56 1,490,135.83 222,192.60
57 2,415,661.06 80,369.23
58 10,473,190.48 301,655.28
59 6,749,706.28 80,861.17
60 3,600,290.25 89,459.32
61 1,181,371.47 137,361.69
62 1,317,014.18 7,213.44
63 220,165.78 19,217.85
64 157,479.31 9,491.94
65 254,513.22 100,609.82
66 21,238.46 34,119.17
67 22,370.17 130,382.97
68 133,181.56 -
69 118,180.66 -
70 541,767.57 -
71 352,439.24 -
72 - -
73 - -
74 - -
Total Time Balance of Scheduled Cash Flows 393,574,995.64 142,060,038.94
38 1,494,488.17 224,642.11
39 1,264,402.10 199,130.89
40 1,214,337.67 244,162.29
41 1,371,092.65 171,390.23
42 1,336,450.33 308,779.73
43 1,288,553.24 173,123.92
44 1,535,024.03 805,125.15
45 2,344,258.90 192,425.66
46 1,574,209.35 1,290,026.06
47 10,399,765.13 6,558,541.95
48 6,707,017.01 1,935,987.48
49 1,370,272.60 416,832.34
50 914,610.17 136,546.60
51 643,093.43 128,776.08
52 539,291.51 182,994.25
53 630,126.48 87,351.94
54 647,505.70 244,252.16
55 593,611.52 113,441.22
56 805,506.57 585,805.47
57 1,473,600.06 130,959.21
58 855,709.82 1,155,440.97
59 8,044,965.35 6,214,444.85
60 5,281,694.34 1,670,381.52
61 890,749.68 282,761.68
62 508,368.45 69,159.38
63 136,994.39 74,593.28
64 89,798.40 61,103.02
65 66,207.24 13,216.03
66 57,752.19 26,734.25
67 22,016.45 3,901.29
68 37,634.02 100,576.33
69 192,217.79 7,375.08
70 284,885.72 563,848.78
71 449,919.50 175,873.46
72 - -
73 - -
74 - -
Total Time Balance of Scheduled Cash Flows 183,129,817.04 65,360,521.09
38 12,996,676.70 848,464.96
39 8,759,506.22 932,206.99
40 5,517,277.51 942,427.49
41 2,652,904.47 886,157.87
42 3,059,712.49 1,148,586.72
43 1,382,567.90 827,541.93
44 1,290,060.86 654,513.70
45 1,155,986.59 919,869.57
46 970,667.04 1,274,857.96
47 1,019,303.56 970,328.41
48 1,266,591.39 204,570.30
49 2,171,574.85 64,009.69
50 9,514,070.02 216,549.56
51 5,917,330.08 70,365.29
52 3,446,916.61 78,963.44
53 1,169,580.30 79,663.44
54 1,219,534.74 7,213.44
55 218,257.18 19,217.85
56 140,492.45 9,491.94
57 87,181.93 88,876.17
58 19,329.86 23,623.29
59 20,461.57 30,510.00
60 107,082.01 0.00
61 71,838.88 0.00
62 505,644.38 0.00
63 340,669.68 0.00
64 0.00 0.00
65 0.00 0.00
66 0.00 0.00
67 0.00 0.00
68 0.00 0.00
69 0.00 0.00
70 0.00 0.00
71 0.00 0.00
72 0.00 0.00
73 0.00 0.00
74 0.00 0.00
Total Time Balance of Scheduled Cash Flows 311,415,949.22 103,308,297.60
38 2,249,351.68 796,154.99
39 1,438,612.42 182,966.84
40 9,994,183.48 1,254,891.88
41 6,418,529.55 6,429,194.53
42 1,328,185.02 1,820,225.84
43 858,369.75 410,152.51
44 613,543.55 104,997.03
45 509,463.33 125,572.76
46 588,104.67 141,562.30
47 600,191.33 84,148.62
48 552,220.04 164,949.23
49 753,712.18 110,237.90
50 1,436,986.79 574,037.15
51 800,015.79 127,755.89
52 7,753,795.20 1,127,220.28
53 5,126,166.32 6,087,839.77
54 881,274.92 1,564,389.75
55 494,598.86 282,761.68
56 134,796.02 69,159.38
57 84,766.14 74,593.28
58 61,174.98 22,874.39
59 52,719.93 13,216.03
60 16,984.19 26,734.25
61 33,147.29 3,901.29
62 162,633.11 100,576.33
63 259,035.47 7,672.02
64 398,541.10 539,299.15
65 0.00 157,560.76
66 0.00 0.00
67 0.00 0.00
68 0.00 0.00
69 0.00 0.00
70 0.00 0.00
71 0.00 0.00
72 0.00 0.00
73 0.00 0.00
74 0.00 0.00
Total Time Balance of Scheduled Cash Flows 162,038,574.74 61,267,961.24
CASE EQUIPMENT LOAN TRUST 1998-C
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
Settle Date 18-Nov-98
Prepared by Sally Nelson (414) 636-5637 08/16/99 06:51 PM
Scheduled Payment Date 15-Jul-99
Actual Payment Date 15-Jul-99
Collection Period Begin Date 05-Jun-99
Collection Period End Date 31-Oct-98 31-Oct-98 30-Nov-98 31-Dec-98 05-Jul-99
Days in accrual period (30/360) 30
Days in accrual period (ACT/360) 30
PART I -- MONTHLY DATA INPUT
Receipts During the Period $15,490,261.64
Warranty Repurchases
Contracts deferred beyond Final Scheduled
Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Collections For The Period $15,490,261.64
Pool Balance (Beg. of Collection Period) $557,522,984.41
Pool Balance (End of Collection Period) $545,990,476.62
Total Receivables Collection $15,490,261.64
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Spread Account Withdrawals to Pay NoteHolders $0.00
Release from Pre-Funding Amount to Paydown
A1 Principal $0.00
Reinvestment Income (including Pre-Funding Account,
Spread Account and YSA) $97,104.29
Pre-Funding Account Reinvestment Income $0.00
Total Distribution Amount $15,587,365.93
MISCELLANEOUS DATA
Total Collateral
----------------
Scheduled Amounts 30 - 59 days past due $1,699,846.26
Scheduled Amounts 60 days or more past due $1,276,298.91
Net Losses on Liquidated Receivables $110,275.25
Number of Loans at Beginning of Period 16,088
Number of Loans at End of Period 15,786
Repossessed Equipment not Sold or Reassigned
(Beginning) $0.00
Repossessed Equipment not Sold or Reassigned
(End) $0.00
Pre-Funding Account Reinvestment Income $0.00
CASE EQUIPMENT LOAN TRUST 1998-C
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
Actual Payment Date 15-Jul-99
Collection Period Begin Date 05-Jun-99
Collection Period End Date 05-Jul-99
PART II -- SUMMARY
Total Principal Balance of Notes, Deferred Purchase Price and Certificates (Beginning of Period) $557,512,196.69
A-1 Note Beginning Principal Balance $0.00
A-2 Note Beginning Principal Balance $248,677,318.50
A-3 Note Beginning Principal Balance $110,000,000.00
A-4 Note Beginning Principal Balance $148,350,000.00
B Note Beginning Principal Balance $29,359,878.19
Deferred Purchase Price Beginning Principal Balance $21,025,000.00
Certificate Beginning Principal Balance $100,000.00
Total Principal Balance of Notes, Deferred Purchase Price and Certificates (End of Period) $545,979,688.90
A-1 Note Principal Balance (End of Period) $0.00
A-1 Note Pool Factor (End of Period) 0.0000000
A-2 Note Principal Balance (End of Period) $237,840,188.88
A-2 Note Pool Factor (End of Period) 0.9513608
A-3 Note Principal Balance (End of Period) $110,000,000.00
A-3 Note Pool Factor (End of Period) 1.0000000
A-4 Note Principal Balance (End of Period) $148,350,000.00
A-4 Note Pool Factor (End of Period) 1.0000000
B Note Principal Balance (End of Period) $28,664,500.02
B Note Pool Factor (End of Period) 0.8399853
Deferred Purchase Price Principal Balance (End of Period) $21,025,000.00
Deferred Purchase Price Pool Factor (End of Period) 1.0000000
Certificate Principal Balance (end of Period) $100,000.00
Certificate Pool Factor (endof Period) 1.0000000
COLLATERAL VALUE DECLINE $11,532,507.79
Pool Balance (Beg. of Collection Period) $557,522,984.41
Pool Balance (End of Collection Period) $545,990,476.62
Total Distribution Amount (TDA) $15,587,365.93
Total Collections and Investment Income for the Period $15,587,365.93
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Principal Distribution Amount (PDA) $11,532,507.79
Principal Allocation to Notes, Deferred Purchase Price and Certificates $11,532,507.79
A-1 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
A-2 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $10,837,129.62
A-3 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
A-4 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
B Noteholders' Principal Distributable Amount (including Carryover Shortfall) $695,378.17
Deferred Purchase Price Principal Distributable Amount (including Carryover Shortfall) $0.00
Certificateholders' Principal Distribuatable Amount (including Carryover Shortfall) $0.00
Interest Distributable Amount $2,598,073.52
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $1,137,698.73
Noteholders' Interest Distributable Amount applicable to A-3 Notes $506,000.00
Noteholders' Interest Distributable Amount applicable to A-4 Notes $693,536.25
Noteholders' Interest Distributable Amount applicable to B Notes $151,692.70
Deferred Purchase Price Interest Distributable Amount $108,629.17
Certificateholders' Interest Distributable Amount $516.67
Spread Account
Beginning Spread Account Balance $13,000,215.75
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $1,565,763.79
Distribution from Spread Account for Interest / Principal Shortfall $0.00
Specified Spread Account Balance $13,000,215.75
Ending Spread Account Balance (after distributions) $13,000,215.75
Credit Enhancement 2.38%
Spread account % of Ending Pool Balance 2.38%
Overcollateralization % of Ending Pool Balance 0.00%
Scheduled Amounts 30 - 59 days past due $1,699,846.26
as % of Ending Pool Balance 0.31%
Scheduled Amounts 60 days or more past due $1,276,298.91
as % of Ending Pool Balance 0.23%
Net Losses on Liquidated Receivables $110,275.25
as % of Ending Pool Balance 0.02%
Part III -- Servicing Calculations 15-Jul-99
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 1 (Retail) Pool 2 (LPL) Pool 3 (Retail) Pool 4
Cutoff Cutoff Cutoff Cutoff
Wtd. Avg. APR 8.689% 8.689% 8.577% 8.504%
Contract Value (Beg. of Collection Period), by origination pool
Contract Value (End of Collection Period), by origination pool $327,736,982.68 $120,892,288.63 $149,354,402.32 $52,027,114.09
--------------- --------------- --------------- --------------
Pool 1 Pool 2 Pool 3 Pool 4
Wtd. Avg. APR 8.689% 8.689% 8.577% 8.504%
Contract Value (Beg. of Collection Period), by origination pool $274,652,929.10 $93,684,707.97 $138,236,475.05 $50,948,872.29
Contract Value (End of Collection Period), by origination pool $268,086,082.79 $90,420,246.82 $136,879,147.62 $50,604,999.39
--------------- --------------- --------------- --------------
Contract Value Decline $6,566,846.31 $3,264,461.15 $1,357,327.43 $343,872.90
2.39% 3.48% 0.98% 0.67%
Pool 1
Initial Pool Balance $2,115,143,145.89
Pool Balance (End of Collection Period) $545,990,476.62
Collections and Investment Income for the period $15,587,365.93
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Total Distribution Amount (TDA) $15,587,365.93
Principal Distribution Amount (PDA) $11,532,507.79
Initial B Percentage 5.250%
Unscheduled Principal (per pool) $0.00 $89,441.70 $0.00 $316,696.53
Total Unscheduled Principal $406,138.23
2. CALCULATION OF DISTRIBUTABLE AMOUNTS
Principal Distributable Amount 11,532,507.79
A-1 Note Beginning Principal Balance $0.00
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Share of the Principal Distribution Amount 0.00%
Preliminary A-1 Noteholders' Principal Distributable Amount
(including One-Time Excess Prefund Acct. $0.00
One-Time Excess Prefunding Account Payment $0.00
A-1 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
Principal Distributable Amount Remaining $11,532,507.79
A-2 Note Beginning Principal Balance $248,677,318.50
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Share of the Principal Distribution Amount 93.97%
A-2 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $10,837,129.62
Principal Distributable Amount Remaining $695,378.17
A-3 Note Beginning Principal Balance $110,000,000.00
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Share of the Principal Distribution Amount 0.00%
A-3 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
Principal Distributable Amount Remaining $695,378.17
A-4 Note Beginning Principal Balance $148,350,000.00
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Share of the Principal Distribution Amount 0.00%
A-4 Noteholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
Principal Distributable Amount Remaining $695,378.17
B Note Beginning Principal Balance $29,359,878.19
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Share of the Principal Distribution Amount 6.03%
B Noteholders' Principal Distributable Amount (including Carryover Shortfall) $695,378.17
Principal Distributable Amount Remaining $0.00
Deferred Purchase Price Beginning Principal Balance $21,025,000.00
Deferred Purchase Price Principal Carryover Shortfall (Previous Period) $0.00
Deferred Purchase Price Share of the Principal Distribution Amount 0.00%
Deferred Purchase Price Principal Distributable Amount (including Carryover Shortfall) $0.00
Certificate Purchase Price Beginning Principal Balance $100,000.00
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Share of the Principal Distribution Amount 0.00%
Certificateholders' Principal Distributable Amount (including Carryover Shortfall) $0.00
Interest Accrued on Class A-1 Notes this period 5.4200% ACT/360 $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-1 Notes $0.00
Interest Accrued on Class A-2 Notes this period 5.4900% 30/360 $1,137,698.73
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $1,137,698.73
Interest Accrued on Class A-3 Notes this period 5.5200% 30/360 $506,000.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $506,000.00
Interest Accrued on Class A-4 Notes this period 5.6100% 30/360 $693,536.25
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-4 Notes $693,536.25
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $2,337,234.98
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Offered Noteholders' Interest Distributable Amount $2,337,234.98
Interest Accrued on Class B Notes this period 6.2000% 30/360 $151,692.70
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to B Notes $151,692.70
Interest Accrued on Deferred Purchase Price this period 6.2000% 30/360 $108,629.17
Deferred Purchase Price Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Deferred Purchase Price Interest Distributable Amount $108,629.17
Interest Accrued on Certificates this period 6.2000% 30/360 $516.67
Certificateholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Certificateholders' Interest Distributable Amount $516.67
3. ALLOCATION OF DISTRIBUTION AMOUNTS
a. Total Distribution Amount (TDA) $15,587,365.93
Administration Fee Shortfall (Previous Period) $0.00
Administration Fee Accrued during this Period $500.00 per quarter $166.67
Administration Fee Paid this Period from TDA $166.67
Administration Fee Shortfall $0.00
Total Distribution Amount Remaining $15,587,199.26
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 Notes this period $0.00
Noteholders' Interest applicable to A-1 Notes Paid this Period from TDA $0.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-2 Notes this period $1,137,698.73
Noteholders' Interest applicable to A-2 Notes Paid this Period from TDA $1,137,698.73
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-3 Notes this period $506,000.00
Noteholders' Interest applicable to A-3 Notes Paid this Period from TDA $506,000.00
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-4 Notes this period $693,536.25
Noteholders' Interest applicable to A-4 Notes Paid this Period from TDA $693,536.25
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $2,337,234.98
Offered Noteholders' Interest Paid this Period from TDA $2,337,234.98
Preliminary A Noteholders' Interest Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $13,249,964.28
Noteholders' Interest Carryover Shortfall (Previous Period) applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on B Notes this period $151,692.70
Noteholders' Interest applicable to B Notes Paid this Period from TDA $151,692.70
Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
Total Distribution Amount Remaining $13,098,271.58
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $0.00
A-1 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $13,098,271.58
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $10,837,129.62
A-2 Noteholders' Principal Distributable Amount Paid from TDA $10,837,129.62
Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $2,261,141.96
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $0.00
A-3 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $2,261,141.96
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $0.00
A-4 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Distribution Amount Remaining $2,261,141.96
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Monthly Principal Distributable Amount (including Caryover Shortfall) $695,378.17
B Noteholders' Principal Distributable Amount Paid from TDA $695,378.17
Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $1,565,763.79
4. RECONCILIATION OF PRE-FUNDING ACCOUNT
Beginning Pre-Funding Account Balance $0.00
New Collateral Purchased $0.00
Deposit to Spread Account 2.00% $0.00
Deposit to Yield Supplement Account $0.00
Payment to Seller $0.00
Payment to Class A-1 after Funding is Complete $0.00
Ending Pre-Funding Account Balance $0.00
Excess Pre-Funded Amount/(Payment to Sellers) $0.00
Adjusted Ending Pre-Funding Account Balance $0.00
5. RECONCILIATION OF NEGATIVE CARRY ACCOUNT
Beginning Negative Carry Account Balance $0.00
Negative Carry 3.052000%
Number of Days Remaining 177 days 0 days
Pre-Funded Percentage 0.000%
Negative Carry Withdrawls $0.00
Cumulative Negative Carry Withdrawls $593,232.45
Maximum Negative Carry Amount $0.00
Required Negative Carry Account Balance $0.00
Interim Ending Negative Carry Account Balance $0.00
Negative Carry Amount Released to Seller $0.00
Ending Negative Carry Account Balance $0.00
6. RECONCILATION OF YIELD SUPPLEMENT ACCOUNT
Beginning Yield Supplement Account Balance $513,057.49
Deposit to Yield Supplement Account from Pre-Funding Account $0.00
Receivables Percentage 100.00%
Withdrawal of Yield Supplement Amount $0.00
Maximum Yield Supplement Amount $513,057.49
Required Yield Supplement Amount $513,057.49
Interim Yield Supplement Account Balance $513,057.49
Yield Supplement Amount Released to Seller $0.00
Ending Yield Supplement Account Balance $513,057.49
7. DISTRIBUTIONS FROM SPREAD ACCOUNT
Beginning Spread Account Balance $13,000,215.75
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distributions $1,565,763.79
Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Note $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Note $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Note $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Note $0.00
Remaining Distributed Spread Account Amount to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
Remaining Distributed Spread Account Amount to Noteholders' Distr. Account $0.00
Adj to Preliminary A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Adj to Preliminary A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Remaining Distributed Spread Account Amount to Noteholders' Distr. Account $0.00
Adj to Preliminary B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Preliminary Spread Account Balance Remaining $14,565,979.54
Cumulative Realized Losses since 31-July-98 (Cut-off Date) $142,263.82
Are Cum. Realized Losses > 2.25% of Initial Pool Balance? NO
12*(Realized Losses during Collection Period + Repos at end of Collection Period) $1,323,303.00
Is 12*Realized Losses + Unliq. Repos > 1.65% of Beg. Pool Balance? NO
60 day or > Delinquent Scheduled Amounts $1,276,298.91
Are 60 day or > Delinquencies > 2.25% of Ending Pool Balance? NO
Are any of the three conditions "YES"? NO
Preliminary A-1 Note Principal Balance (End of Period) $0.00
Preliminary A-2 Note Principal Balance (End of Period) $237,840,188.88
Preliminary A-3 Note Principal Balance (End of Period) $110,000,000.00
Preliminary A-4 Note Principal Balance (End of Period) $148,350,000.00
Preliminary B Note Principal Balance (End of Period) $28,664,500.02
Preliminary Total Principal Balance of Notes (End of Period) $524,854,688.90
Specified Spread Account Balance 13,000,215.75
Lesser of:
(a) 2.00% of the Initial Pool Balance 2.00% 13,000,215.75
(b) the Note Balance 524,854,688.90
Preliminary Spread Account Balance Remaining $14,565,979.54
Preliminary Excess Amount in Spread Account $1,565,763.79
Preliminary Shortfall Amount in Spread Account $0.00
Deposit to Spread Account from Remaing Excess Distribution $0.00
Spread Account Excess $1,565,763.79
Ending Spread Account Balance (after distributions) $13,000,215.75
Net Change in Spread Account Balance $0.00
Total Excess Distribution Amount Remaining $1,565,763.79
Deferred Purchase Price Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Interest Accrued on Deferred Purchase Price this period $108,629.17
Deferred Purchase Price Interest Paid from Excess Distribution $108,629.17
Preliminary Deferred Purchase Price Interest Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Interest Accrued on Certificates this period $516.67
Certificateholders' Interest Paid from Excess Distribution $516.67
Certificateholders' Interest Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $1,456,617.95
Deferred Purchase Price Principal Carryover Shortfall (Previous Period) $0.00
Deferred Purchase Price Principal Distributable Amount current period (including Carryover Shortfall $0.00
Deferred Purchase Price Principal Distributable Amount Paid from Fixed and Floating Rate Excess Distribution $0.00
Preliminary Deferred Purchase Price Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Principal Carryover Shortfall (Previous Period) $0.00
Certificateholders' Principal Distributable Amount current period (including Carryover Shortfall) $0.00
Certificateholders' Principal Distributable Amount Paid from Fixed and Floating Rate Excess Distrbution $0.00
Preliminary Certificateholders' Principal Carryover Shortfall (Current Period) $0.00
Total Excess Distribution Amount Remaining $1,456,617.95
Servicing Fee Shortfall (Previous Period) $0.00
Servicing Fees Accrued during this Period 1.00% $464,602.49
Adjustment to Servicing Fee $0.00
Adjustment to Excess Distribution Amount Remaining $0.00
Servicing Fees Paid this Period from Excess Distribution $464,602.49
Servicing Fee Shortfall $0.00
Total Excess Distribution Amount Remaining $992,015.46
8. ENDING BALANCES
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to A-4 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period) applicable to B Notes $0.00
A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Deferred Purchase Price Interest Carryover Shortfall (Current Period) $0.00
Deferred Purchase Price Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Current Period) $0.00
Certificateholders' Principal Carryover Shortfall (Current Period) $0.00
A-1 Note Principal Balance (End of Period) $0.00
A-2 Note Principal Balance (End of Period) $237,840,188.88
A-3 Note Principal Balance (End of Period) $110,000,000.00
A-4 Note Principal Balance (End of Period) $148,350,000.00
B Note Principal Balance (End of Period) $28,664,500.02
Deferred Purchase Price Principal Balance (End of Period) $21,025,000.00
Certificate Principal Balance (end of Period) $100,000.00
Total Principal Balance of Notes, Deferred Purchase Price and Certificates (End of Period) $545,979,688.90
A-1 Note Pool Factor (End of Period) $86,400,000.00 0.0000000
A-2 Note Pool Factor (End of Period) $250,000,000.00 0.9513608
A-3 Note Pool Factor (End of Period) $110,000,000.00 1.0000000
A-4 Note Pool Factor (End of Period) $148,350,000.00 1.0000000
B Note Pool Factor (End of Period) $34,125,000.00 0.8399853
Deferred Purchase Price Pool Factor (End of Period) $21,025,000.00 1.0000000
Certificate Pool Factor (endof Period) $100,000.00 1.0000000
Total Notes, Deferred Purchase Price & Certificates Pool Factor (End of Period) 0.8399688
Specified Spread Account Balance (after all distributions and adjustments) $13,000,215.75
Yield Supplement Account Balance (after alldistributions and adjustment): $513,057.49
CASE EQUIPMENT LOAN TRUST 1998-C
STATEMENT TO NOTEHOLDERS
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
Payment Date: 15-Jul-99
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $10,837,129.62
per $1,000 original principal amount: $43.35
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $695,378.17
per $1,000 original principal amount: $20.38
(f) Total $11,532,507.79
(2) Interest Paid on the Notes
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $1,137,698.73
per $1,000 original principal amount: $4.55
(c) A-3 Notes: $506,000.00
per $1,000 original principal amount: $4.60
(d) A-4 Notes: $693,536.25
per $1,000 original principal amount: $4.68
(e) B Notes: $151,692.70
per $1,000 original principal amount: $4.45
(f) Total $2,488,927.68
(3) Pool Balance at the end of the related Collection Period $545,990,476.62
(4) After giving effect to distributions on current Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $237,840,188.88
(ii) A-2 Note Pool Factor: 0.9513608
(c) (i) outstanding principal amount of A-3 Notes: $110,000,000.00
(ii) A-3 Note Pool Factor: 1.0000000
(d) (i) outstanding principal amount of A-4 Notes: $148,350,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $28,664,500.02
(ii) B Note Pool Factor: 0.8399853
(f) (i) Deferred Purchase Price Balance $21,025,000.00
(ii) Deferred Purchase Price Pool Factor: 1.0000000
(g) (i) Certificate Balance $100,000.00
(ii) Certificate Pool Factor: 1.00000000
(5) Amount of Servicing Fee: $464,602.49
per $1,000 Beginning of Collection Period: 1.69159852
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.00060683
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $110,275.25
(9) Amount in Spread Account: $13,000,215.75
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
(13) Amount in Yield Supplement Account: $513,057.49
CASE EQUIPMENT LOAN TRUST 1998-C
STATEMENT TO CERTIFICATEHOLDERS
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
Payment Date: 15-Jul-99
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $10,837,129.62
per $1,000 original principal amount: $43.35
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $695,378.17
per $1,000 original principal amount: $20.38
(f) Deferred Purchase Price: $0.00
per $1,000 original principal amount: $0.00
(g) Certificates: 0.00
per $1,000 original principal amount: $0.00
(h) Total: $11,532,507.79
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $0.00
per $1,000 original principal amount: $0.00
(b) A-2 Notes: $1,137,698.73
per $1,000 original principal amount: $4.55
(c) A-3 Notes: $506,000.00
per $1,000 original principal amount: $4.60
(d) A-4 Notes: $693,536.25
per $1,000 original principal amount: $4.68
(e) B Notes: $151,692.70
per $1,000 original principal amount: $4.45
(f) Deferred Purchase Price: $108,629.17
per $1,000 original principal amount: $5.17
(g) Certificates: $516.67
per $1,000 original principal amount: $5.17
(h) Total: $2,598,073.52
(3) Pool Balance at end of related Collection Period: $545,990,476.62
(4) After giving effect to distributions on this Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $0.00
(ii) A-1 Note Pool Factor: 0.0000000
(b) (i) outstanding principal amount of A-2 Notes: $237,840,188.88
(ii) A-2 Note Pool Factor: 0.9513608
(c) (i) outstanding principal amount of A-3 Notes: $110,000,000.00
(ii) A-3 Note Pool Factor: 1.0000000
(d) (i) outstanding principal amount of A-4 Notes: $148,350,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $28,664,500.02
(ii) C Note Pool Factor: 0.8399853
(f) (i) Deferred Purchase Price Balance $21,025,000.00
(ii) Certificate Pool Factor: 1.0000000
(g) (i) Certificate Balance 100,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $464,602.49
per $1,000 Beginning of Collection Period: 1.6915985
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.0006068
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $110,275.25
(9) Amount in Spread Account: $13,000,215.75
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
(13) Amount in Yield Supplement Account: $513,057.49
=================================================================================================================================
CASE EQUIPMENT LOAN TRUST 1998-C
PAYMENT AND DEPOSIT INSTRUCTIONS TO INDENTURE TRUSTEE
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
Payment Date: 15-Jul-99
(1) Payment of Administration Fee to Administrator: $166.67
(2) Offered Noteholders' Interest Distributable Amount
deposited into Note Distribution Account: $2,488,927.68
(3) Noteholders' Principal Distributable Amount to be
deposited into Noteholders' Distribution Account: $11,532,507.79
(4) Deferred Purchase Price Interest Distributable Amount to be
deposited into Deferred Purchase Price Distribution Account: $108,629.17
(5) Deferred Purchase Price Principal Distributable Amount to be
deposited into Deferred Purchase Price Distribution Account: $0.00
(6) Certificateholders' Interest Distributable Amount to be
deposited into Certificateholders' Distribution Account: $516.67
(7) Certificateholders' Principal Distributable Amount to be
deposited into Certificateholders' Distribution Account: $0.00
(8) Payment of Servicing Fee to Servicer: $464,602.49
(9) Release to Seller from Excess Collections over Distributions $992,015.46
Check for Error NO ERROR
Sum of Above Distributions $15,587,365.93
Total Distribution Amount plus Releases to Seller $15,587,365.93
=================================================================================================================================
CASE EQUIPMENT LOAN TRUST 1998-C
SERVICER'S CERTIFICATE
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
Payment Date: 15-Jul-99
(1) Total Distribution Amount: $15,587,365.93
(2) Administration Fee: $166.67
(3) Noteholders' Interest Distributable Amount applicable to A-1 Notes: $0.00
(4) Noteholders' Interest Carryover Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable Amount applicable to A-2 Notes: $1,137,698.73
(6) Noteholders' Interest Carryover Shortfall applicable to A-2 Notes: $0.00
(7) Noteholders' Interest Distributable Amount applicable to A-3 Notes: $506,000.00
(8) Noteholders' Interest Carryover Shortfall applicable to A-3 Notes: $0.00
(9) Noteholders' Interest Distributable Amount applicable to A-4 Notes: $693,536.25
(10) Noteholders' Interest Carryover Shortfall applicable to A-4 Notes: $0.00
(11) Noteholders' Interest Distributable Amount applicable to b Notes: $151,692.70
(12) Noteholders' Interest Carryover Shortfall applicable to B Notes: $0.00
(13) Offered Noteholders' Interest Distributable Amount' $2,488,927.68
deposited into Note Distribution Account:
(14) A-1 Noteholders' Monthly Principal Distributable Amount: $0.00
(15) % of Fixed Rate Principal Distribution Amount applicable to A-1 Noteholders 0.00%
(16) A-1 Noteholders' Principal Carryover Shortfall: $0.00
(17) A-1 Noteholders' Principal Distributable Amount: $0.00
(18) A-2 Noteholders' Monthly Principal Distributable Amount: $10,837,129.62
(19) % of Fixed Rate Principal Distribution Amount applicable to A-2 Noteholders 93.97%
(20) A-2 Noteholders' Principal Carryover Shortfall: $0.00
(21) A-2 Noteholders' Principal Distributable Amount: $10,837,129.62
(22) A-3 Noteholders' Monthly Principal Distributable Amount: $0.00
(23) % of Fixed Rate Principal Distribution Amount applicable to A-3 Noteholders 0.00%
(24) A-3 Noteholders' Principal Carryover Shortfall: $0.00
(25) A-3 Noteholders' Principal Distributable Amount: $0.00
(26) A-4 Noteholders' Monthly Principal Distributable Amount: $0.00
(27) % of Fixed Rate Principal Distribution Amount applicable to A-4 Noteholders 0.00%
(28) A-4 Noteholders' Principal Carryover Shortfall: $0.00
(29) A-4 Noteholders' Principal Distributable Amount: $0.00
(30) B Noteholders' Monthly Principal Distributable Amount: $695,378.17
(31) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to B Noteholders 6.03%
(32) B Noteholders' Principal Carryover Shortfall: $0.00
(33) B Noteholders' Principal Distributable Amount: $695,378.17
(34) Noteholders' Principal Distribution Amount: $11,532,507.79
(35) Noteholders' Distributable Amount: $14,021,435.47
(36) Deposit to Spread Account (from excess collections): $1,565,763.79
(37) Specified Spread Account Balance (after all distributions and adjustments): $13,000,215.75
The Lesser of:
(a) 2.00% of the Initial Pool Balance $13,000,215.75
(b) the Note Balance $524,854,688.90
(38) Spread Account Balance over the Specified Spread Account Balance: $1,565,763.79
(39) Deffered Purchase Price Interest Distribution Amount: $108,629.17
(40) Deffered Purchase Price Interest Carryover Shortfall: $0.00
(41) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable
to Deffered Purchase Price 0.00%
(42) Deffered Purchase Price Principal Distributable Amount applicable to current period $0.00
(43) Deffered Purchase Price Principal Carryover Shortfall: $0.00
(44) Deffered Purchase Price Principal Distribution Amount: $0.00
(45) Deffered Purchase Price Distribution Amount: $108,629.17
(39) Certificateholders' Interest Distribution Amount: $516.67
(40) Certificateholders' Interest Carryover Shortfall: $0.00
(41) % of Fixed Rate & Floating Rate Principal Distribution Amount applicable to Certificates 0.00%
(42) Certificates Principal Distributable Amount applicable to current period $0.00
(43) Certificates Principal Carryover Shortfall: $0.00
(44) Certificates Principal Distribution Amount: $0.00
(45) Certificates Distribution Amount: $516.67
(46) Servicing Fee: $464,602.49
=================================================================================================================================
CASE EQUIPMENT LOAN TRUST 1998-C
SERVICER'S CERTIFICATE
$86,400,000 Class A-1 5.42% Asset Backed Notes due December 15, 1999
$250,000,000 Class A-2 5.49% Asset Backed Notes due August 15, 2002
$110,000,000 Class A-3 5.52% Asset Backed Notes due June 15, 2003
$148,350,000 Class A-4 5.61% Asset Backed Notes due April 15, 2005
$34,125,000 Class B 6.20% Asset Backed Notes due April 15, 2005
$21,025,000 6.20% Deferred Purchase Price
$100,000 6.20% Asset Backed Certificates
Payment Date: 00-Jan-00
(47) Excess Amounts Distributed To Seller:
(a) Release of Remaining Fixed and Floating Rate Excess Distributions $992,015.46
(b) Release of Excess Amount in Negative Carry Account $0.00
(b) Release of Excess Amount in Yield Supplement Account $0.00
(48) Amount to be withdrawn from the Spread Account and deposited
into the Note Distribution Account $0.00
(49) Pool Balance as of the opening of business on the first day of
the Collection Period in which the Payment Date occurs: $557,522,984.41
(50) After giving effect to all distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $0.00
A-1 Note Pool Factor: 0.0000000
Outstanding Principal Balance of A-2 Notes: $237,840,188.88
A-2 Note Pool Factor: 0.9513608
Outstanding Principal Balance of A-3 Notes: $110,000,000.00
A-3 Note Pool Factor: 1.0000000
Outstanding Principal Balance of A-4 Notes: $148,350,000.00
A-4 Note Pool Factor: 1.0000000
Outstanding Principal Balance of B Notes: $28,664,500.02
B Note Pool Factor: 0.8399853
Outstanding Principal Balance of the Deferred Purchase Price: $21,025,000.00
Deferred Purchase Price Pool Factor: 1.0000000
Outstanding Principal Balance of the Certificates: 100,000.00
Certificate Pool Factor: 1.0000000
(51) Aggregate Purchase Amounts for related Collection Period: $0.00
(52) Aggregate Amount of Realized Losses for the related Collection Period: $110,275.25
(53) Spread Account Balance after giving effect to all distributions: $13,000,215.75
16-Aug-99
Mr. Bruce Fabrikant
Senior Analyst
Moody's Investors Service
99 Church Street, 4th Floor
New York, NY 10007
Subject: Case Equipment Loan Trust 1998-C
Dear Bruce:
Per our agreement at closing, the following information regarding the Case Equipment Loan Trust 1998-C is
provided to Moody's for the following collection period.
Pool Balance on 05-Jun-99
$557,522,984.41
Pool Balance on 05-Jul-99
$545,990,476.62
Realized Losses during collection period: $110,275.25
Aggregate Scheduled Payments delinquent by more
than 60 days at the end of collection period: $1,276,298.91
Aggregate Contract Value of all Receivables as to
which the related Financed Equipment has been
repossessed but in which the Receivable has not
been liquidated at the end of the collection period: $0.00
Total Collections During the Collection Period: $15,587,365.93
Sincerely,
Ralph Than
Case Credit Corporation
=================================================================================================================================
CASE EQUIPMENT LOAN TRUST 1999-A
$75,550,000 Class A-1 4.950% Asset Backed Notes due April 7, 2000
$294,000,000 Class A-2 5.285% Asset Backed Notes due September 15, 2002
$137,000,000 Class A-3 5.600% Asset Backed Notes due July 15, 2003
$221,950,000 Class A-4 5.770% Asset Backed Notes due August 15, 2005
$31,000,000 Class B 5.960% Asset Backed Notes due August 15, 2005
$15,500,000 5.960% Asset Backed Certificates
Prepared by Lisa Sorenson (414)636-6184
--------------------------------------------------------------------------
NPV Data Input Section 30-Jun-99 05-Aug-99 05-Aug-99 05-Aug-99
--------------------------------------------------------------------------
Scheduled cash flows as of the Pool 5 Cutoff Pool 1A (Retail) Pool 1B (FPL) Pool 1C (Forestry)
56,403.72 2,280,426.77 865,680.69 485,813.66
527,660.69 6,641,513.22 1,449,218.06 542,569.42
444,065.27 4,315,670.41 1,413,884.08 551,542.37
416,857.68 5,613,465.89 1,363,885.39 546,522.67
426,869.43 13,400,557.76 1,377,459.05 535,382.78
482,988.89 20,501,118.63 1,438,144.95 527,647.12
606,885.40 12,934,066.38 1,262,184.95 502,635.92
425,664.02 6,277,282.96 1,437,827.70 510,036.55
378,655.34 4,081,660.93 1,158,514.28 497,481.64
510,888.29 3,865,348.59 1,204,760.08 502,593.94
501,604.68 4,006,588.89 1,112,904.47 502,593.94
1,218,832.10 4,525,473.33 1,173,718.36 525,571.00
1,175,805.83 4,540,754.28 1,117,378.23 520,667.61
455,494.15 5,926,051.68 1,129,851.62 520,667.61
472,555.77 4,126,430.60 1,147,980.87 518,487.55
382,735.00 5,381,550.26 1,111,190.60 518,487.55
447,477.90 13,210,526.77 1,325,979.27 518,487.55
449,658.93 21,292,144.47 1,190,591.68 515,277.22
622,794.06 12,530,604.38 967,693.27 488,039.03
418,872.27 5,883,091.19 1,137,237.74 489,312.22
367,720.05 3,686,389.89 957,117.64 479,595.31
497,531.78 3,457,797.92 996,720.29 484,707.61
489,221.55 3,550,962.70 923,671.83 484,707.61
1,212,395.75 4,025,513.86 1,019,246.17 506,985.02
1,124,809.77 4,172,299.57 997,856.68 505,528.92
436,911.40 5,387,327.91 921,932.65 498,262.62
453,392.32 3,688,506.96 966,496.94 496,369.32
356,629.25 4,907,236.87 954,347.46 494,936.67
423,564.92 12,620,012.94 939,770.81 491,873.22
430,722.74 20,854,202.07 1,049,714.89 467,979.22
597,888.96 11,962,189.47 780,140.27 415,582.14
372,196.17 5,180,307.22 899,711.83 386,966.44
350,552.87 2,943,400.50 797,428.21 359,354.94
478,269.15 2,694,054.57 838,611.02 364,467.24
472,148.65 2,784,885.19 762,841.26 364,467.24
1,155,124.82 3,095,950.56 828,854.55 372,995.55
1,061,535.50 3,225,301.28 789,155.80 366,920.53
384,290.99 4,030,134.55 708,938.17 354,210.21
369,402.54 2,882,984.48 706,696.98 352,370.46
299,982.49 4,027,938.60 676,544.02 352,370.46
360,880.73 10,549,136.72 594,169.48 348,648.62
340,840.91 16,309,297.60 673,266.61 292,855.22
480,427.77 8,550,620.46 444,358.96 211,533.65
303,212.64 3,420,288.73 482,288.60 93,359.58
267,418.28 1,321,202.30 448,416.80 41,335.61
403,099.33 1,091,609.30 441,409.00 41,821.30
393,797.05 1,160,929.29 396,599.24 41,721.30
847,449.06 1,378,324.13 461,724.33 61,201.43
707,710.18 1,450,386.48 378,775.01 58,381.15
202,372.89 2,216,207.00 371,182.74 51,972.71
194,783.38 1,202,370.22 310,825.02 51,972.71
128,064.20 2,150,218.97 283,285.99 51,972.71
188,322.71 7,466,135.52 162,684.14 45,254.55
158,240.19 12,689,604.94 172,395.28 41,587.98
343,224.60 5,821,004.43 65,768.09 33,454.83
Page 1 of 38
147,643.26 1,379,530.71 55,908.82 16,689.45
113,795.89 170,312.08 6,166.33 0.00
170,605.14 66,582.13 6,166.33 0.00
190,312.49 123,234.11 6,166.33 0.00
588,346.88 84,080.21 37,471.47 0.00
386,454.70 163,977.41 13,429.95 0.00
27,062.20 166,623.87 10,397.43 0.00
37,967.97 27,411.04 5,470.33 0.00
1,227.75 614,340.64 14,656.36 0.00
29,142.93 1,200,755.68 19,292.98 0.00
6,021.59 2,245,300.50 23,359.07 0.00
71,460.23 378,518.28 1,859.80 0.00
651.02 0.00 0.00 0.00
19,305.91 0.00 0.00 0.00
1,227.75 0.00 0.00 0.00
15,675.09 0.00 0.00 0.00
51,763.67 0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
------------------------------------------------------------------------
Total Time Balance of Scheduled
Cash Flows 28,935,569.48 353,909,727.25 47,789,377.30 20,404,230.88
Page 2 of 38
CASE EQUIPMENT LOAN TRUST 1999-A
$75,550,000 Class A-1 4.950% Asset Backed Notes due April 7, 2000
$294,000,000 Class A-2 5.285% Asset Backed Notes due September 15, 2002
$137,000,000 Class A-3 5.600% Asset Backed Notes due July 15, 2003
$221,950,000 Class A-4 5.770% Asset Backed Notes due August 15, 2005
$31,000,000 Class B 5.960% Asset Backed Notes due August 15, 2005
$15,500,000 5.960% Asset Backed Certificates
Prepared by Lisa Sorenson (414)636-6184
Scheduled Payment Date 16-Aug-99
Actual Payment Date 16-Aug-99
Collection Period Begin D 06-Jul-99
Collection Period End Dat 30-Jun-99 05-Aug-99
Days in accrual period (30/360) 30
Days in accrual period (ACT/360) 32
PART I -- MONTHLY DATA INPUT
Receipts During the Period $21,968,557.80
Warranty Repurchases
Contracts deferred beyond Final Scheduled Maturity Date $0.00
Government obligors $0.00
Total Warranty Repurchases $0.00
Total Collections For The Period $21,968,557.80
Total Collection $21,968,557.80
Negative Carry Withdrawls $0.00
Yield Supplement Withdrawals $0.00
Reinvestment Income (including Pre-Funding Account, Spread Account (and YSA if any)) $128,584.15
Pre-Funding Account Reinvestment Income $0.00
Total Distribution Amount $22,097,141.95
MISCELLANEOUS DATA
TOTAL COLLATERAL
Scheduled Amounts 30 - 59 days past due $1,446,849.66
Scheduled Amounts 60 days or more past due $442,483.62
Net Losses on Liquidated Receivables $2,895.99
Number of Loans at Beginning of Period 22,452
Number of Loans at End of Period 21,848
Repossessed Equipment not Sold or Reassigned (Beginning) $0.00
Repossessed Equipment not Sold or Reassigned (End) $0.00
Page 3 of 38
CASE EQUIPMENT LOAN TRUST 1999-A
$75,550,000 Class A-1 4.950% Asset Backed Notes due April 7, 2000
$294,000,000 Class A-2 5.285% Asset Backed Notes due September 15, 2002
$137,000,000 Class A-3 5.600% Asset Backed Notes due July 15, 2003
$221,950,000 Class A-4 5.770% Asset Backed Notes due August 15, 2005
$31,000,000 Class B 5.960% Asset Backed Notes due August 15, 2005
$15,500,000 5.960% Asset Backed Certificates
Actual Payment Date 16-Aug-99
Collection Period Begin Date 06-Jul-99
Collection Period End Date 05-Aug-99
PART II -- SUMMARY
Total Principal Balance of Notes and Certificates (Beginning of Period) $730,791,494.34
A-1 Note Beginning Principal Balance $33,109,803.33
A-2 Note Beginning Principal Balance $294,000,000.00
A-3 Note Beginning Principal Balance $137,000,000.00
A-4 Note Beginning Principal Balance $221,950,000.00
B Note Beginning Principal Balance $29,231,691.01
Certificate Beginning Principal Balance $15,500,000.00
Total Principal Balance of Notes and Certificates (End of Period) $713,936,935.04
A-1 Note Principal Balance (End of Period) $16,929,426.40
A-1 Note Pool Factor (End of Period) 0.2240824
A-2 Note Principal Balance (End of Period) $294,000,000.00
A-2 Note Pool Factor (End of Period) 1.0000000
A-3 Note Principal Balance (End of Period) $137,000,000.00
A-3 Note Pool Factor (End of Period) 1.0000000
A-4 Note Principal Balance (End of Period) $221,950,000.00
A-4 Note Pool Factor (End of Period) 1.0000000
B Note Principal Balance (End of Period) $28,557,508.64
B Note Pool Factor (End of Period) 0.9212100
Certificate Principal Balance (End of Period) $15,500,000.00
Certificate Pool Factor (End of Period) 1.0000000
CONTRACT VALUE DECLINE $16,854,559.30
Pool Balance (Beg. of Collection Period) $730,792,275.32
Pool Balance (End of Collection Period) $713,937,716.02
Total Distribution Amount (TDA) $22,097,141.95
Total Collections and Investment Income for the Period $22,097,141.95
Negative Carry Amount $0.00
Principal Distribution Amount (PDA) $16,854,559.30
Principal Allocation to Notes and Certificates $16,854,559.30
A-1 Noteholders' Principal Distributable Amount $16,180,376.93
A-2 Noteholders' Principal Distributable Amount $0.00
A-3 Noteholders' Principal Distributable Amount $0.00
A-4 Noteholders' Principal Distributable Amount $0.00
B Noteholders' Principal Distributable Amount $674,182.37
Certificateholders' Principal Distributable Amount $0.00
Interest Distributable Amount $2,388,330.53
Noteholders' Interest Distributable Amount applicable to A-1 Notes $145,683.13
Noteholders' Interest Distributable Amount applicable to A-2 Notes $1,381,146.67
Noteholders' Interest Distributable Amount applicable to A-3 Notes $639,333.33
Noteholders' Interest Distributable Amount applicable to A-4 Notes $1,067,209.58
Noteholders' Interest Distributable Amount applicable to B Notes $145,184.07
Certificateholders' Interest Distributable Amount $76,983.33
Spread Account
Beginning Spread Account Balance $15,500,015.62
Deposit to Spread Account from Pre-Funding Account $0.00
Page 4 of 38
Deposit to Spread Account from Excess Collections over Distributions $1,863,859.20
Distribution from Spread Account for Interest / Principal Shortfall $0.00
Specified Spread Account Balance $15,500,015.62
Ending Spread Account Balance (after distributions) $15,500,015.62
Credit Enhancement 2.17%
Spread account % of Ending Pool Balance 2.17%
Overcollateralization % of Ending Pool Balance 0.00%
Scheduled Amounts 30 - 59 days past due $1,446,849.66
as % of Ending Pool Balance 0.20%
Scheduled Amounts 60 days or more past due $442,483.62
as % of Ending Pool Balance 0.06%
Net Losses on Liquidated Receivables $2,895.99
as % of Ending Pool Balance 0.00%
PART III -- SERVICING CALCULATIONS 16-Aug-99
Page 5 of 38
1. SOURCES AND USES OF COLLECTION ACCOUNT BALANCE Pool 5 Cutoff Pool 1A (Retail) Pool 1B (FPL) Pool 1C (Forestry)
Wtd. Avg. APR 8.088% 8.519% 8.519% 8.519%
Contract Value (Beg. of Collection Period), by
origination pool $306,117,406.12 $43,377,335.75 $18,538,634.63
Contract Value (End of Collection Period), by
origination pool $24,208,659.81 $298,841,772.92 $41,420,144.57 $17,774,649.70
Contract Value Decline -------------- --------------- -------------- --------------
$7,275,633.20 $1,957,191.18 $763,984.93
2.38% 4.51% 4.12%
Initial Pool Balance $730,792,275.32
Pool Balance (End of Collection Period) $713,937,716.02
Collections and Investment Income for the period $22,097,141.95
Negative Carry Amount $0.00
Total Distribution Amount (TDA) $22,097,141.95
Principal Distribution Amount (PDA) $16,854,559.30
Initial B Percentage 4.000%
Unscheduled Principal (per pool) $1,933,830.31 $0.00 $0.00
Total Unscheduled Principal $2,659,937.66
2. CALCULATION OF DISTRIBUTABLE AMOUNTS
A-1 Note Beginning Principal Balance $33,109,803.33
A-1 Noteholders' Principal Carryover Shortfall
(Previous Period) $0.00
A-1 Noteholders' Share of the Principal Distribution
Amount 96.00%
A-1 Noteholders' Principal Distributable Amount $16,180,376.93
Principal Distribution Amount Remaining $674,182.37
A-2 Note Beginning Principal Balance $294,000,000.00
A-2 Noteholders' Principal Carryover Shortfall
(Previous Period) $0.00
A-2 Noteholders' Share of the Principal Distribution Amount 0.00%
A-2 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $674,182.37
A-3 Note Beginning Principal Balance $137,000,000.00
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Share of the Principal Distribution Amount 0.00%
A-3 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $674,182.37
A-4 Note Beginning Principal Balance $221,950,000.00
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Share of the Principal Distribution Amount 0.00%
A-4 Noteholders' Principal Distributable Amount $0.00
Principal Distribution Amount Remaining $674,182.37
B Note Beginning Principal Balance $29,231,691.01
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Share of the Principal Distribution Amounts 4.00%
B Noteholders' Principal Distributable Amount $674,182.37
Principal Distribution Amount Remaining $0.00
Certificate Beginning Principal Balance $15,500,000.00
Certificateholders' Principal Carryover Shortfall (Previous
Period) $0.00
Certificateholders' Share of the Principal Distribution Amounts 0.00%
Certificateholders' Principal Distributable Amount $0.00
Interest Accrued on Class A-1 Notes this period $145,683.13
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to
A-1 Notes $145,683.13
Page 6 of 38
Interest Accrued on Class A-2 Notes this period $1,381,146.67
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-2 Notes $1,381,146.67
Interest Accrued on Class A-3 Notes this period $639,333.33
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-3 Notes $639,333.33
Interest Accrued on Class A-4 Notes this period $1,067,209.58
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to A-4 Notes $1,067,209.58
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes this period $3,233,372.71
Offered Noteholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Offered Noteholders' Interest Distributable Amount $3,233,372.71
Interest Accrued on Class B Notes this period $145,184.07
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Noteholders' Interest Distributable Amount applicable to B Notes $145,184.07
Interest Accrued on Certificates this period $76,983.33
Certificateholders' Interest Carryover Shortfall (Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Certificateholders' Interest Distributable Amount $76,983.33
3. ALLOCATION OF DISTRIBUTION AMOUNTS
a. TOTAL DISTRIBUTION AMOUNT (TDA) $22,097,141.95
Administration Fee Shortfall (Previous Period) $0.00
Administration Fee Accrued during this Period $166.67
Administration Fee Paid this Period from TDA $166.67
Administration Fee Shortfall $0.00
Total Distribution Amount Remaining $22,096,975.28
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-1 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-1 Notes this period $145,683.13
Noteholders' Interest applicable to A-1 Notes Paid this Period
from TDA $145,683.13
Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-2 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-2 Notes this period $1,381,146.67
Noteholders' Interest applicable to A-2 Notes Paid this
Period from TDA $1,381,146.67
Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-3 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-3 Notes this period $639,333.33
Noteholders' Interest applicable to A-3 Notes Paid this
Period from TDA $639,333.33
Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to A-4 Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class A-4 Notes this period $1,067,209.58
Noteholders' Interest applicable to A-4 Notes Paid this
Period from TDA $1,067,209.58
Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-4 Notes $0.00
Offered Noteholders' Interest Carryover Shortfall
(Previous Period) $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Page 7 of 38
Interest Accrued on Class A-1, A-2, A-3 and A-4 Notes
this period $3,233,372.71
Offered Noteholders' Interest Paid this Period from TDA $3,233,372.71
Preliminary A Noteholders' Interest Carryover Shortfall
(Current Period) $0.00
Total Distribution Amount Remaining $18,863,602.57
Noteholders' Interest Carryover Shortfall (Previous Period)
applicable to B Notes $0.00
Interest Due (in Arrears) on above Shortfall $0.00
Interest Accrued on Class B Notes this period $145,184.07
Noteholders' Interest applicable to B Notes Paid this Period
from TDA $145,184.07
Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to B Notes $0.00
Total Distribution Amount Remaining $18,718,418.50
A-1 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-1 Noteholders' Monthly Principal Distributable Amount $16,180,376.93
A-1 Noteholders' Principal Distributable Amount Paid from TDA $16,180,376.93
Preliminary A-1 Noteholders' Principal Carryover Shortfall
(Current Period) $0.00
Total Distribution Amount Remaining $2,538,041.58
A-2 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-2 Noteholders' Monthly Principal Distributable Amount $0.00
A-2 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-2 Noteholders' Principal Carryover Shortfall
(Current Period) $0.00
Total Distribution Amount Remaining $2,538,041.58
A-3 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-3 Noteholders' Monthly Principal Distributable Amount $0.00
A-3 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-3 Noteholders' Principal Carryover Shortfall
(Current Period) $0.00
Total Distribution Amount Remaining $2,538,041.58
A-4 Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
A-4 Noteholders' Monthly Principal Distributable Amount $0.00
A-4 Noteholders' Principal Distributable Amount Paid from TDA $0.00
Preliminary A-4 Noteholders' Principal Carryover Shortfall
(Current Period) $0.00
Total Distribution Amount Remaining $2,538,041.58
B Noteholders' Principal Carryover Shortfall (Previous Period) $0.00
B Noteholders' Monthly Principal Distributable Amount $674,182.37
B Noteholders' Principal Distributable Amount Paid from TDA $674,182.37
Preliminary B Noteholders' Principal Carryover Shortfall
(Current Period) $0.00
Total Excess Distribution Amount Remaining $1,863,859.20
4. RECONCILIATION OF PRE-FUNDING ACCOUNT
Beginning Pre-Funding Account Balance $0.00
New Collateral Purchased $0.00
Deposit to Spread Account $0.00
Deposit to Yield Supplement Account (will be necessary only if
required by rating agencies) $0.00
Payment to Seller $0.00
Ending Pre-Funding Account Balance $0.00
Excess Pre-Funded Amount/(Payment to Seller) $0.00
Adjusted Ending Pre-Funding Account Balance $0.00
5. RECONCILIATION OF NEGATIVE CARRY ACCOUNT
Beginning Negative Carry Account Balance $0.00
Negative Carry 3.0079026%
Page 8 of 38
Number of Days Remaining 30.00
Pre-Funded Percentage 0.000%
Negative Carry Withdrawls $0.00
Cumulative Negative Carry Withdrawls $0.00
Maximum Negative Carry Amount $0.00
Required Negative Carry Account Balance $0.00
Interim Ending Negative Carry Account Balance $0.00
Negative Carry Amount Released to Seller $0.00
Ending Negative Carry Account Balance $0.00
6. RECONCILATION OF YIELD SUPPLEMENT ACCOUNT - ONLY NECESSARY IF
REQUIRED BY RATING AGENCIES
Beginning Yield Supplement Account Balance $0.00
Deposit to Yield Supplement Account from Pre-Funding Account $0.00
Receivables Percentage 100.00%
Withdrawal of Yield Supplement Amount $0.00
Maximum Yield Supplement Amount $0.00
Required Yield Supplement Amount $0.00
Interim Yield Supplement Account Balance $0.00
Yield Supplement Amount Released to Seller $0.00
Ending Yield Supplement Account Balance $0.00
7. DISTRIBUTIONS FROM SPREAD ACCOUNT
Beginning Spread Account Balance $15,500,015.62
Deposit to Spread Account from Pre-Funding Account $0.00
Deposit to Spread Account from Excess Collections over Distribution $1,863,859.20
Distribution from Spread Account to Noteholders' Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-1 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-2 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-3 Notes $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to A-4 Notes $0.00
Remaining Distribution from Spread Account to Noteholders'
Distr. Account $0.00
Adj to Preliminary Noteholders' Interest Carryover Shortfall
(Current Period) applicable to B Notes $0.00
Remaining Distribution from Spread Account to Noteholders' Distr.
Account $0.00
Adj to Preliminary A-1 Noteholders' Principal Carryover Shortfall
(Current Period) $0.00
Adj to Preliminary A-2 Noteholders' Principal Carryover Shortfall
(Current Period) $0.00
Adj to Preliminary A-3 Noteholders' Principal Carryover Shortfall
(Current Period) $0.00
Adj to Preliminary A-4 Noteholders' Principal Carryover Shortfall
(Current Period) $0.00
Remaining Distribution from Spread Account to Noteholders'
Distr. Account $0.00
Adj to Preliminary B Noteholders' Principal Carryover Shortfall
(Current Period) $0.00
Preliminary Spread Account Balance Remaining $17,363,874.82
Cumulative Realized Losses since 28-February-99 (Cut-off Date) $68,753.70
Are Cum. Realized Losses > 2.25% of Initial Pool Balance? NO
12*(Realized Losses during Collection Period + Repos at end of
Collection Period) $34,751.88
Is 12*Realized Losses + Unliq. Repos > 1.65% of Beg. Pool Balance? NO
60 day or > Delinquent Scheduled Amounts $442,483.62
Are 60 day or > Delinquencies > 2.25% of Ending Pool Balance? NO
Are any of the three conditions "YES"? NO
Preliminary A-1 Note Principal Balance (End of Period) $16,929,426.40
Preliminary A-2 Note Principal Balance (End of Period) $294,000,000.00
Preliminary A-3 Note Principal Balance (End of Period) $137,000,000.00
Preliminary A-4 Note Principal Balance (End of Period) $221,950,000.00
Preliminary B Note Principal Balance (End of Period) $28,557,508.64
Page 9 of 38
Preliminary Total Principal Balance of Notes (End of Period) $698,436,935.04
Specified Spread Account Balance 15,500,015.62
Lesser of:
(a) 2.00% of the Initial Pool Balance 15,500,015.62
(b) the Note Balance 698,436,935.04
Preliminary Spread Account Balance Remaining $17,363,874.82
Preliminary Excess Amount in Spread Account $1,863,859.20
Preliminary Shortfall Amount in Spread Account $0.00
Deposit to Spread Account from Remaing Excess Distribution $0.00
Spread Account Excess $1,863,859.20
Ending Spread Account Balance (after distributions) $15,500,015.62
Net Change in Spread Account Balance $0.00
8. CERTIFICATE DISTRIBUTIONS AND SERVICING FEES
Total Excess Distribution Amount Remaining $1,863,859.20
Certificateholders' Interest Carryover Shortfall
(Previous Period) $0.00
Interest Due (in Arrears) on Above Shortfall $0.00
Interest Accrued on Certificates this period $76,983.33
Certificateholders' Interest Paid from Excess Distribution $76,983.33
Preliminary Certificateholders' Interest Carryover Shortfall
(Current Period) $0.00
Total Excess Distribution Amount Remaining $1,786,875.87
Certificateholders' Principal Carryover Shortfall
(Previous Period) $0.00
Certificateholders' Principal Distributable Amount applicable
to current period $0.00
Certificateholders' Principal Distributable Amount Paid from
Excess Distrbution $0.00
Preliminary Certificateholders' Principal Carryover Shortfall
(Current Period) $0.00
Total Excess Distribution Amount Remaining $1,786,875.87
Servicing Fee Shortfall (Previous Period) 0.00
Servicing Fees Accrued during this Period $608,993.56
Servicing Fees Paid this Period Excess Distribution $608,993.56
Adjustment to Servicing Fee $0.00
Adjustment to Excess Distribution Amount Remaining $0.00
Servicing Fee Shortfall $0.00
Total Excess Distribution Amount Remaining $1,177,882.31
9. ENDING BALANCES
Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-1 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-2 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-3 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period)
applicable to A-4 Notes $0.00
Noteholders' Interest Carryover Shortfall (Current Period)
applicable to B Notes $0.00
A-1 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-2 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-3 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
A-4 Noteholders' Principal Carryover Shortfall (Current Period) $0.00
B Noteholders' Principal Carryover Shortfall (Current Period) $0.00
Certificateholders' Interest Carryover Shortfall (Ending Balance) $0.00
Certificateholders' Principal Carryover Shortfall (Ending Balance) $0.00
A-1 Note Principal Balance (End of Period) $16,929,426.40
A-2 Note Principal Balance (End of Period) $294,000,000.00
Page 10 of 38
A-3 Note Principal Balance (End of Period) $137,000,000.00
A-4 Note Principal Balance (End of Period) $221,950,000.00
B Note Principal Balance (End of Period) $28,557,508.64
Certificate Principal Balance (End of Period) $15,500,000.00
Total Principal Balance of Notes and Certificates (End of Period) $713,936,935.04
A-1 Note Pool Factor (End of Period) 0.2240824
A-2 Note Pool Factor (End of Period) 1.0000000
A-3 Note Pool Factor (End of Period) 1.0000000
A-4 Note Pool Factor (End of Period) 1.0000000
B Note Pool Factor (End of Period) 0.9212100
Certificate Pool Factor (End of Period) 1.0000000
Total Notes & Certificates Pool Factor (End of Period) 0.9212089
Specified Spread Account Balance (after all distributions and
adjustments) $15,500,015.62
Yield Supplement Account Balance (after alldistributions and
adjustment): $0.00
Page 11 of 38
=============================================================================================================
CASE EQUIPMENT LOAN TRUST 1999-A
STATEMENT TO NOTEHOLDERS
$75,550,000 Class A-1 4.950% Asset Backed Notes due April 7, 2000
$294,000,000 Class A-2 5.285% Asset Backed Notes due September 15, 2002
$137,000,000 Class A-3 5.600% Asset Backed Notes due July 15, 2003
$221,950,000 Class A-4 5.770% Asset Backed Notes due August 15, 2005
$31,000,000 Class B 5.960% Asset Backed Notes due August 15, 2005
$15,500,000 5.960% Asset Backed Certificates
Payment Date: 16-Aug-99
(1) Amount of principal being paid on the Notes:
(a) A-1 Notes: $16,180,376.93
per $1,000 original principal amount: $214.17
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $674,182.37
per $1,000 original principal amount: $21.75
(f) Total $16,854,559.30
(2) Interest on the Notes
(a) A-1 Notes: $145,683.13
per $1,000 original principal amount: $1.93
(b) A-2 Notes: $1,381,146.67
per $1,000 original principal amount: $4.70
(c) A-3 Notes: $639,333.33
per $1,000 original principal amount: $4.67
(d) A-4 Notes: $1,067,209.58
per $1,000 original principal amount: $4.81
(e) B Notes: $145,184.07
per $1,000 original principal amount: $4.68
(f) Total $3,378,556.78
(3) Pool Balance at the end of the related Collection Period $713,937,716.02
(4) After giving effect to distributions on current Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $16,929,426.40
(ii) A-1 Note Pool Factor: 0.2240824
(b) (i) outstanding principal amount of A-2 Notes: $294,000,000.00
(ii) A-2 Note Pool Factor: 1.0000000
(c) (i) outstanding principal amount of A-3 Notes: $137,000,000.00
(ii) A-3 Note Pool 1.0000000
(d) (i) outstanding principal amount of A-4 Notes: $221,950,000.00
(ii) A-4 Note Pool Factor: 1.0000000
Page 12 of 38
(e) (i) outstanding principal amount of B Notes: $28,557,508.64
(ii) B Note Pool Factor: 0.9212100
(f) (i) Certificate Balance $15,500,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $608,993.56
per $1,000 Beginning of Collection Period: 0.83333333
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.00022806
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $2,895.99
(9) Amount in Spread Account: $15,500,015.62
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
(13) Amount in Yield Supplement Account: $0.00
=============================================================================================================
Page 13 of 38
CASE EQUIPMENT LOAN TRUST 1999-A
STATEMENT TO CERTIFICATEHOLDERS
$75,550,000 Class A-1 4.950% Asset Backed Notes due April 7, 2000
$294,000,000 Class A-2 5.285% Asset Backed Notes due September 15, 2002
$137,000,000 Class A-3 5.600% Asset Backed Notes due July 15, 2003
$221,950,000 Class A-4 5.770% Asset Backed Notes due August 15, 2005
$31,000,000 Class B 5.960% Asset Backed Notes due August 15, 2005
$15,500,000 5.960% Asset Backed Certificates
Payment Date: 16-Aug-99
(1) Amount of principal being paid or distributed:
(a) A-1 Notes: $16,180,376.93
per $1,000 original principal amount: $214.17
(b) A-2 Notes: $0.00
per $1,000 original principal amount: $0.00
(c) A-3 Notes: $0.00
per $1,000 original principal amount: $0.00
(d) A-4 Notes: $0.00
per $1,000 original principal amount: $0.00
(e) B Notes: $674,182.37
per $1,000 original principal amount: $21.75
(f) Certificates: $0.00
per $1,000 original principal amount: $0.00
(g) Total: $16,854,559.30
(2) Amount of interest being paid or distributed:
(a) A-1 Notes: $145,683.13
per $1,000 original principal amount: $1.93
(b) A-2 Notes: $1,381,146.67
per $1,000 original principal amount: $4.70
(c) A-3 Notes: $639,333.33
per $1,000 original principal amount: $4.67
(d) A-4 Notes: $1,067,209.58
per $1,000 original principal amount: $4.81
(e) B Notes: $145,184.07
per $1,000 original principal amount: $4.68
(f) Certificates: $76,983.33
per $1,000 original principal amount: $4.97
(g) Total: $3,455,540.11
(3) Pool Balance at end of related Collection Period: $713,937,716.02
(4) After giving effect to distributions on this Payment Date:
(a) (i) outstanding principal amount of A-1 Notes: $16,929,426.40
(ii) A-1 Note Pool Factor: 0.2240824
(b) (i) outstanding principal amount of A-2 Notes: $294,000,000.00
(ii) A-2 Note Pool Factor: 1.0000000
(c) (i) outstanding principal amount of A-3 Notes: $137,000,000.00
Page 14 of 38
(ii) A-3 Note Pool Factor: 1.0000000
(d) (i) outstanding principal amount of A-4 Notes: $221,950,000.00
(ii) A-4 Note Pool Factor: 1.0000000
(e) (i) outstanding principal amount of B Notes: $28,557,508.64
(ii) B Note Pool Factor: 0.9212100
(f) (i) Certificate Balance $15,500,000.00
(ii) Certificate Pool Factor: 1.0000000
(5) Amount of Servicing Fee: $608,993.56
per $1,000 Beginning of Collection Period: 0.8333333
(6) Amount of Administration Fee: $166.67
per $1,000 Beginning of Collection Period: 0.0002281
(7) Aggregate Purchase Amounts for Collection Period: $0.00
(8) Aggregate amount of Realized Losses for the
Collection Period: $2,895.99
(9) Amount in Spread Account: $15,500,015.62
(10) Amount in Pre-Funding Account: $0.00
(11) For the Final payment date with respect to the Funding Period, the NA
Remaining Pre-Funded Amount
(12) Amount in Negative Carry Account: $0.00
(13) Amount in Yield Supplement Account: $0.00
Page 15 of 38
=============================================================================================================
CASE EQUIPMENT LOAN TRUST 1999-A
PAYMENT AND DEPOSIT INSTRUCTIONS TO INDENTURE TRUSTEE
$75,550,000 Class A-1 4.950% Asset Backed Notes due April 7, 2000
$294,000,000 Class A-2 5.285% Asset Backed Notes due September 15, 2002
$137,000,000 Class A-3 5.600% Asset Backed Notes due July 15, 2003
$221,950,000 Class A-4 5.770% Asset Backed Notes due August 15, 2005
$31,000,000 Class B 5.960% Asset Backed Notes due August 15, 2005
$15,500,000 5.960% Asset Backed Certificates
Payment Date: 16-Aug-99
(1) Payment of Administration Fee to Administrator: $166.67
(2) Offered Noteholders' Interest Distributable Amount
deposited into Note Distribution Account: $3,378,556.78
(3) Noteholders' Principal Distributable Amount to be
deposited into Noteholders' Distribution Account: $16,854,559.30
(4) Certificateholders' Interest Distributable Amount to be
deposited into Certificateholders' Distribution Account: $76,983.33
(5) Certificateholders' Principal Distributable Amount to be
deposited into Certificateholders' Distribution Account: $0.00
(6) Payment of Servicing Fee to Servicer: $608,993.56
(7) Release to Seller from Excess Collections over Distributions $1,177,882.31
Check for Error NO ERROR
Sum of Above Distributions $22,097,141.95
Total Distribution Amount plus Releases to Seller $22,097,141.95
=============================================================================================================
Page 16 of 38
CASE EQUIPMENT LOAN TRUST 1999-A
SERVICER'S CERTIFICATE
$75,550,000 Class A-1 4.950% Asset Backed Notes due April 7, 2000
$294,000,000 Class A-2 5.285% Asset Backed Notes due September 15, 2002
$137,000,000 Class A-3 5.600% Asset Backed Notes due July 15, 2003
$221,950,000 Class A-4 5.770% Asset Backed Notes due August 15, 2005
$31,000,000 Class B 5.960% Asset Backed Notes due August 15, 2005
$15,500,000 5.960% Asset Backed Certificates
Payment Date: 16-Aug-99
(1) Total Distribution Amount: $22,097,141.95
(2) Administration Fee: $166.67
(3) Noteholders' Interest Distributable Amount applicable to A-1 Notes: $145,683.13
(4) Noteholders' Interest Carryover Shortfall applicable to A-1 Notes: $0.00
(5) Noteholders' Interest Distributable Amount applicable to A-2 Notes: $1,381,146.67
(6) Noteholders' Interest Carryover Shortfall applicable to A-2 Notes: $0.00
(7) Noteholders' Interest Distributable Amount applicable to A-3 Notes: $639,333.33
(8) Noteholders' Interest Carryover Shortfall applicable to A-3 Notes: $0.00
(9) Noteholders' Interest Distributable Amount applicable to A-4 Notes: $1,067,209.58
(10) Noteholders' Interest Carryover Shortfall applicable to A-4 Notes: $0.00
(11) Noteholders' Interest Distributable Amount applicable to B Notes: $145,184.07
(12) Noteholders' Interest Carryover Shortfall applicable to B Notes: $0.00
(13) Offered Noteholders' Interest Distributable Amount' $3,378,556.78
deposited into Note Distribution Account:
(14) A-1 Noteholders' Monthly Principal Distributable Amount: $16,180,376.93
(15) % of Principal Distribution Amount applicable to A-1 Noteholders 96.00%
(16) A-1 Noteholders' Principal Carryover Shortfall: $0.00
(17) A-1 Noteholders' Principal Distributable Amount: $16,180,376.93
(18) A-2 Noteholders' Monthly Principal Distributable Amount: $0.00
(19) % of Principal Distribution Amount applicable to A-2 Noteholders 0.00%
(20) A-2 Noteholders' Principal Carryover Shortfall: $0.00
(21) A-2 Noteholders' Principal Distributable Amount: $0.00
(22) A-3 Noteholders' Monthly Principal Distributable Amount: $0.00
(23) % of Principal Distribution Amount applicable to A-3 Noteholders 0.00%
(24) A-3 Noteholders' Principal Carryover Shortfall: $0.00
(25) A-3 Noteholders' Principal Distributable Amount: $0.00
(26) A-4 Noteholders' Monthly Principal Distributable Amount: $0.00
(27) % of Principal Distribution Amount applicable to A-4 Noteholders 0.00%
(28) A-4 Noteholders' Principal Carryover Shortfall: $0.00
Page 17 of 38
(29) A-4 Noteholders' Principal Distributable Amount: $0.00
(30) B Noteholders' Monthly Principal Distributable Amount: $674,182.37
(31) % of Principal Distribution Amount applicable to B Noteholders 4.00%
(32) B Noteholders' Principal Carryover Shortfall: $0.00
(33) B Noteholders' Principal Distributable Amount: $674,182.37
(34) Noteholders' Principal Distribution Amount: $16,854,559.30
(35) Noteholders' Distributable Amount: $20,233,116.08
(36) Deposit to Spread Account (from excess collections): $1,863,859.20
(37) Specified Spread Account Balance (after all distributions and adjustments) : $15,500,015.62
The Lesser of:
(a) 2.00% of the Initial Pool Balance $15,500,015.62
(b) the Note Balance $698,436,935.04
(38) Spread Account Balance over the Specified Spread Account Balance: $1,863,859.20
(39) Certificateholders' Interest Distributable Amount: $76,983.33
(40) Certificateholders' Interest Carryover Shortfall: $0.00
(41) % of Principal Distribution Amount applicable to Certificat holders 0.00%
(42) Certificateholders' Principal Distributable Amount applicable to current period $0.00
(43) Certificateholders' Principal Carryover Shortfall: $0.00
(44) Certificateholders' Principal Distributable Amount: $0.00
(45) Certificateholders' Distributable Amount: $76,983.33
(46) Servicing Fee: $608,993.56
(47) Excess Amounts Distributed To Seller:
(a) Release of Remaining Excess Distributions $1,177,882.31
(b) Release of Excess Amount in Negative Carry Account $0.00
(c) Release of Excess Amount in Yield Supplement Account $0.00
(48) Amount to be withdrawn from the Spread Account and deposited
into the Note Distribution Account $0.00
(49) Pool Balance as of the opening of business on the first day of
the Collection Period in which the Payment Date occurs: $730,792,275.32
(50) After giving effect to all distributions on such Payment Date:
Outstanding Principal Balance of A-1 Notes: $16,929,426.40
A-1 Note Pool Factor: 0.2240824
Outstanding Principal Balance of A-2 Notes: $294,000,000.00
A-2 Note Pool Factor: 1.0000000
Outstanding Principal Balance of A-3 Notes: $137,000,000.00
A-3 Note Pool Factor: 1.0000000
Outstanding Principal Balance of A-4 Notes: $221,950,000.00
A-4 Note Pool Factor: 1.0000000
Outstanding Principal Balance of B Notes: $28,557,508.64
B Note Pool Factor: 0.9212100
Page 18 of 38
Outstanding Principal Balance of the Certificates: $15,500,000.00
Certificate Pool Factor: 1.0000000
(51) Aggregate Purchase Amounts for related Collection Period: $0.00
(52) Aggregate Amount of Realized Losses for the related Collection Period: $2,895.99
(53) Spread Account Balance after giving effect to all distributions: $15,500,015.62
Page 19 of 38
- ------------------------------------------------------------------------
05-Aug-99 05-Aug-99 05-Aug-99 05-Aug-99
- ------------------------------------------------------------------------
Pool 2 Pool 3 Pool 4 Pool 5
695,166.45 648,317.70 608,607.98 147,904.19
2,231,697.23 2,275,379.28 2,241,150.87 440,080.88
1,899,952.79 2,322,863.39 1,826,035.96 412,873.29
1,879,184.01 2,261,969.28 2,059,541.75 422,885.04
2,231,646.28 2,326,752.15 2,398,497.11 479,004.50
2,326,254.88 2,760,805.42 2,483,326.15 603,964.08
2,670,252.94 2,197,719.68 1,814,390.81 422,742.70
8,022,915.14 2,491,770.61 1,809,009.17 375,734.02
5,282,441.44 8,125,302.67 2,457,084.80 506,903.90
1,700,560.44 5,642,914.73 5,924,138.27 497,713.76
1,635,161.26 1,797,699.67 3,840,250.96 1,208,718.85
1,596,615.97 1,937,320.19 1,677,107.29 1,157,047.30
1,690,272.40 1,956,574.82 2,006,346.65 451,509.76
2,026,720.93 2,137,198.66 2,353,884.69 468,571.38
1,802,675.40 2,229,123.72 1,818,670.32 378,750.61
1,843,275.42 2,229,236.99 2,050,458.12 443,451.80
2,151,289.63 2,323,091.96 2,368,870.34 445,291.03
2,381,378.30 2,776,738.18 2,459,712.62 619,496.69
2,613,369.82 2,137,725.66 1,793,290.39 415,610.50
7,870,706.96 2,444,641.95 1,781,608.47 364,798.73
5,088,460.34 8,059,432.19 2,429,116.13 493,518.26
1,683,690.20 5,496,280.91 5,816,639.70 485,119.99
1,522,512.03 1,680,693.01 3,760,763.16 1,201,777.67
1,469,846.18 1,819,958.34 1,597,184.04 1,106,206.73
1,537,439.01 1,829,934.87 1,943,059.36 433,204.84
1,888,532.86 2,008,454.89 2,275,847.21 449,685.76
1,689,231.39 2,103,447.35 1,742,836.47 352,922.69
1,739,292.81 2,043,631.70 1,973,732.97 419,858.36
1,933,527.36 2,186,869.56 2,275,616.16 427,016.18
2,293,656.18 2,651,386.56 2,383,755.99 595,245.47
2,527,449.39 1,993,870.25 1,714,565.56 369,552.68
7,712,416.12 2,345,727.87 1,701,993.15 348,028.78
4,786,653.77 7,869,227.17 2,357,141.55 474,580.67
1,370,197.47 5,186,656.44 5,937,358.70 468,858.15
1,204,046.22 1,344,169.36 3,581,458.85 1,151,195.22
1,181,628.49 1,447,337.29 1,379,680.97 1,039,336.93
1,236,819.05 1,438,974.12 1,689,083.67 378,919.84
1,519,307.48 1,617,728.76 1,984,918.28 366,536.15
1,376,983.12 1,650,223.94 1,486,339.64 294,595.02
1,477,677.84 1,566,290.15 1,699,563.06 357,030.25
1,610,634.93 1,714,259.63 1,948,141.54 338,057.25
1,655,748.67 2,176,183.48 2,078,959.36 476,562.49
2,078,493.23 1,603,312.56 1,457,606.69 302,128.05
5,503,771.61 1,765,626.65 1,385,321.23 266,007.30
3,242,858.62 5,436,164.01 1,982,053.13 398,458.00
587,809.37 3,228,489.94 4,724,336.56 383,042.91
355,435.87 507,414.28 2,768,928.66 851,621.73
426,008.93 575,064.32 678,510.90 685,488.08
456,355.48 580,359.24 894,132.45 202,372.89
663,717.77 805,442.18 1,103,556.55 194,851.39
543,943.19 796,911.74 731,746.35 128,064.20
537,665.87 686,631.30 854,260.31 188,322.71
623,781.42 815,350.12 1,152,488.63 158,240.19
834,737.88 1,130,762.92 1,200,907.75 340,774.50
1,137,935.64 736,915.16 729,143.86 147,643.26
Page 20 of 38
3,671,958.41 890,727.52 695,536.06 113,795.89
1,803,750.29 3,292,058.19 1,109,287.14 170,605.14
145,925.55 1,667,429.67 3,472,131.40 190,112.59
23,894.07 53,664.51 1,472,753.48 589,199.50
29,302.94 44,224.64 95,223.58 383,559.85
34,411.67 29,558.29 127,832.16 27,201.03
20,739.44 142,086.62 265,271.72 37,967.97
10,862.76 84,013.51 73,501.68 1,227.75
44,465.13 15,047.44 104,641.14 29,142.93
46,607.70 24,016.42 270,999.79 6,021.59
195,632.91 128,814.01 106,826.20 71,460.23
380,311.21 58,591.00 49,413.19 651.02
234,227.50 269,431.51 25,280.22 19,603.43
0.00 243,337.46 321,754.71 1,227.75
0.00 0.00 354,261.82 15,675.09
0.00 0.00 0.00 51,763.67
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
- ----------------------------------------------------------------------
126,691,893.06 138,865,329.76 127,737,445.60 28,247,093.03
Page 21 of 38
Pool 2 Pool 3 Pool 4 Pool 5
8.163% 7.995% 8.337% 8.088%
$109,785,394.96 $120,088,097.28 $108,704,806.64 $24,180,599.94
$107,570,770.57 $118,015,476.09 $106,593,313.23 $23,721,588.94
$2,214,624.39 $2,072,621.19 $2,111,493.41 $459,011.00
2.02% 1.73% 1.94% 1.90%
$390,151.32 $81,152.91 $189,010.46 $65,792.66
Page 22 of 38