WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN, 2000-VFN, 2000-1 and 2001-1 SUPPLEMENTS
CERTIFICATE DATE AS OF : June 15, 2002
POOL BALANCE: Month of:
May , 2002
Pool Balance, beginning of month $932,301,788.55
Pool Balance, end of month $937,083,799.61
Pool Balance, average $919,942,403.69
Required Pool Balance, end of month $937,083,799.61
COLLECTIONS & SERIES ALLOCATIONS Month of:
May , 2002
Series Allocable Principal Collections
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $437,960,919.90
Series 2001-1 $187,697,537.10
$625,658,457.00
Series Allocable Non-Principal Collections
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $ 2,180,317.38
Series 2001-1 $ 934,421.73
$ 3,114,739.11
Series Allocable Miscellaneous Payments
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $ -
Series 2001-1 $ -
$ -
Investment Proceeds
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $ 177,955.26
Series 2001-1 $ 76,303.03
$ 254,258.29
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
May , 2002
1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
ALLOCATION PERCENTAGES FOR COLLECTION PERIOD First day of:
May , 2002
Series Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-VFN 0.00%
Series 2000-1 70.00%
Series 2001-1 30.00%
Floating Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-VFN 0.00%
Series 2000-1 91.30%
Series 2001-1 91.30%
Principal Allocation Percentages
Series 1999-VFN 0.00%
Series 2000-VFN 0.00%
Series 2000-1 0.00%
Series 2001-1 0.00%
ALLOCATIONS OF SERIES ALLOCABLE AMOUNTS WITHIN SERIES Month of:
May , 2002
Series 1999-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 0.00
Cert. Percentage minus Excess Cert. Percentage: $ 0.00
$ 0.00
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 0.00
Cert. Percentage minus Excess Cert. Percentage: $ 0.00
$ 0.00
Series 2000-VFN
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 0.00
Cert. Percentage minus Excess Cert. Percentage: $ 0.00
$ 0.00
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 0.00
Cert. Percentage minus Excess Cert. Percentage: $ 0.00
$ 0.00
Series 2000-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $399,863,698.81
Cert. Percentage minus Excess Cert. Percentage: $ 38,097,221.09
$437,960,919.90
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 1,990,656.54
Cert. Percentage minus Excess Cert. Percentage: $ 189,660.83
$ 2,180,317.38
Series 2001-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $171,370,156.63
Cert. Percentage minus Excess Cert. Percentage: $ 16,327,380.47
$187,697,537.10
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 853,138.52
Cert. Percentage minus Excess Cert. Percentage: $ 81,283.21
$ 934,421.73
Paid on:
MONTHLY DISTRIBUTIONS June 17, 2002
Principal Distributions to Investors
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 Class A $ -
Series 2000-1 Class B $ -
Series 2001-1 Class A $ -
Series 2001-1 Class B $ -
Principal Distributions to Investors - $ per thousand
Series 1999-VFN $ 0.00000000
Series 2000-VFN $ 0.00000000
Series 2000-1 Class A $ 0.00000000
Series 2000-1 Class B $ 0.00000000
Series 2001-1 Class A $ 0.00000000
Series 2001-1 Class B $ 0.00000000
Monthly Interest to Investors
Series 1999-VFN $ 21,037.50
Series 2000-VFN $ -
Series 2000-1 Class A $ 1,169,529.17
Series 2000-1 Class B $ 113,355.00
Series 2001-1 Class A $ 500,215.83
Series 2001-1 Class B $ 48,702.50
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 Class A $ 1.81041667
Series 2000-1 Class B $ 2.09916667
Series 2001-1 Class A $ 1.80583333
Series 2001-1 Class B $ 2.11750000
Rated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Noteholder Monthly Servicing Fee
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 496,535.07
Series 2001-1 $ 212,800.75
Reserve Fund Deposit Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
MONTHLY DISTRIBUTIONS (Cont.) Paid on:
June 17, 2002
Investor Default Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Monthly Dilution Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Noteholder Charge-Off Reversal Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Investor Default Amount and Monthly Dilution Amount Not Previously Reinstated
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Carry-Over Amount
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
Unrated Variable Funding Increased Cost Amounts
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Previously waived servicing fee
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Collections Released to Cert. during Collection Period $625,929,401.05
Excess Distributed to Cert. on Payment Date $ 535,877.53
FUNDED AND INVESTED AMOUNTS: Last day of:
May , 2002
SERIES 1999-VFN SUPPLEMENT
Initial Funded Amount $600,000,000.00
Incremental Funded Amounts (Cumulative) $185,000,000.00
Principal Distributed to Investors (Cumulative) $785,000,000.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount $ 0.00
Series Excess Funding Amount $ 0.00
Principal Funding Account Balance $ 0.00
Invested Amount $ 0.00
SERIES 2000-VFN SUPPLEMENT
Initial Funded Amount $150,000,000.00
Incremental Funded Amounts (Cumulative) $ 0.00
Principal Distributed to Investors (Cumulative) $150,000,000.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Funded Amount $ 0.00
Series Excess Funding Amount $ 0.00
Principal Funding Account Balance $ 0.00
Invested Amount $ 0.00
SERIES 2000-1 SUPPLEMENT CLASS A
Initial Invested Amount $646,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 99,655,050.39
Invested Amount $546,344,949.61
SERIES 2000-1 SUPPLEMENT CLASS B
Initial Invested Amount $ 54,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 0.00
Invested Amount $ 54,000,000.00
SERIES 2001-1 SUPPLEMENT CLASS A
Initial Invested Amount $277,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 42,709,307.31
Invested Amount $234,290,692.69
SERIES 2001-1 SUPPLEMENT CLASS B
Initial Invested Amount $ 23,000,000.00
Principal Distributed to Investors (Cumulative) $ 0.00
Principal Funding Account Balance $ 0.00
Unreimbursed Investor Charge Offs (Cumulative) $ 0.00
Series Excess Funding Amount $ 0.00
Invested Amount $ 23,000,000.00
BALANCES AS OF PAYMENT DATE As of:
June 17, 2002
Series 1999-VFN
Reserve Fund Balance $ 0.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance $ 0.00
Series 2000-VFN
Reserve Fund Balance $ 0.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance $ 0.00
Series 2000-1
Reserve Fund Balance $ 3,500,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance, Class A $646,000,000.00
Outstanding Principal Balance, Class B $ 54,000,000.00
Series 2001-1
Reserve Fund Balance $ 1,500,000.00
Reserve Fund Deficiency Amount $ 0.00
Principal Funding Account Balance $ 0.00
Outstanding Principal Balance, Class A $277,000,000.00
Outstanding Principal Balance, Class B $ 23,000,000.00
TRUST INCREMENTAL SUBORDINATED AMOUNT Last day of:
To be used in the following month's computations. May , 2002
Pool Total Components of Excess Receivables:
Used Vehicles $ 98,767,424.75
Finance Hold Receivables (for Credit Reasons Only) $ 3,737,971.00
Delayed Payment Program $ 241,961.24
Pool Limits on Components of Excess Receivables:
Used Vehicles $234,270,949.90
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 18,741,675.99
Total Excess Receivables $ 3,737,971.00
Overconcentration Amount $ 552,368.54
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 4,290,339.54
POOL SERIES SUBORDINATED AMOUNTS As of:
May 31, 2002
Series Incremental Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 3,409,801.46
Series 2001-1 $ 1,461,343.48
Required Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 56,142,860.75
Series 2001-1 $ 24,061,226.04
Available Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 56,142,860.75
Series 2001-1 $ 24,061,226.04
CHARGE OFFS For Month of:
May , 2002
Defaulted Receivables $ 0.00
Investor/Noteholder Defaulted Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Deficiency Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Required Draw Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
Investor/Noteholder Charge-Off's
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 0.00
Series 2001-1 $ 0.00
INTEREST AND PRINCIPAL SHORTFALLS (CUMULATIVE) As of:
June 17, 2002
Interest Shortfalls as of Current Payment Date
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
Change in Interest Shortfalls from Previous Payment Date
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
Principal Shortfalls as of Current Payment Date
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
Change in Principal Shortfalls from Previous Payment Date
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 Class A $ 0.00
Series 2000-1 Class B $ 0.00
Series 2001-1 Class A $ 0.00
Series 2001-1 Class B $ 0.00
INTEREST RATE FOR NEXT PAYMENT DATE As of:
June 17, 2002
Series 1999-VFN Estimated 2.0900000%
Series 2000-VFN Estimated 2.0900000%
Series 2000-1 Class A 1.9750000%
Series 2000-1 Class B 2.2900000%
Series 2001-1 Class A 1.9700000%
Series 2001-1 Class B 2.3100000%
MONTHLY PAYMENT RATE % Month of:
May , 2002
MONTHLY PAYMENT RATE % 68.01%