WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN, 2000-VFN, 2000-1 and 2001-1 SUPPLEMENTS
CERTIFICATE DATE AS OF : July 15, 2002
POOL BALANCE: Month of:
June, 2002
POOL BALANCE: Month of:
June , 2002
Pool Balance, beginning of month $937,083,799.61
Pool Balance, end of month $937,815,969.15
Pool Balance, average $923,588,293.47
Required Pool Balance, end of month $937,815,969.15
COLLECTIONS & SERIES ALLOCATIONS Month of:
June , 2002
Series Allocable Principal Collections
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $393,307,404.18
Series 2001-1 $168,560,316.08
$561,867,720.25
Series Allocable Non-Principal Collections
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $ 2,291,964.42
Series 2001-1 $ 982,270.47
$ 3,274,234.89
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 $ 187,663.86
Series 2001-1 $ 80,427.84
$ 268,091.70
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
June , 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:
June , 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 91.52%
Series 2001-1 91.52%
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:
June , 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: $359,961,882.11
Cert. Percentage minus Excess Cert. Percentage: $ 33,345,522.07
$393,307,404.18
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 2,097,646.32
Cert. Percentage minus Excess Cert. Percentage: $ 194,318.11
$ 2,291,964.42
Series 2001-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $154,269,378.05
Cert. Percentage minus Excess Cert. Percentage: $ 14,290,938.03
$168,560,316.08
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 898,991.28
Cert. Percentage minus Excess Cert. Percentage: $ 83,279.19
$ 982,270.47
Paid on:
MONTHLY DISTRIBUTIONS July 15, 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 $ 17,850.00
Series 2000-VFN $ -
Series 2000-1 Class A $ 992,327.78
Series 2000-1 Class B $ 96,180.00
Series 2001-1 Class A $ 424,425.56
Series 2001-1 Class B $ 41,323.33
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 Class A $ 1.53611111
Series 2000-1 Class B $ 1.78111111
Series 2001-1 Class A $ 1.53222222
Series 2001-1 Class B $ 1.79666667
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 $ 0.00
Series 2001-1 $ 0.00
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:
July 15, 2002
Investor Default Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 1,184,835.84
Series 2001-1 $ 507,786.79
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 $562,145,317.55
Excess Distributed to Cert. on Payment Date $ 0.00
FUNDED AND INVESTED AMOUNTS: Last day of:
June , 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 $ 96,402,241.21
Invested Amount $549,597,758.79
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 $ 41,315,246.23
Invested Amount $235,684,753.77
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:
July 15, 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. June , 2002
Pool Total Components of Excess Receivables:
Used Vehicles $100,943,090.06
Finance Hold Receivables (for Credit Reasons Only) $ 0.00
Delayed Payment Program $ 471,872.64
Pool Limits on Components of Excess Receivables:
Used Vehicles $234,453,992.29
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 18,756,319.38
Total Excess Receivables $ 0.00
Overconcentration Amount $ 0.00
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 0.00
POOL SERIES SUBORDINATED AMOUNTS As of:
June 30, 2002
Series Incremental Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 386,657.98
Series 2001-1 $ 165,710.56
Required Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 52,873,419.61
Series 2001-1 $ 22,660,036.98
Available Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 52,873,419.61
Series 2001-1 $ 22,660,036.98
CHARGE OFFS For Month of:
June , 2002
Defaulted Receivables $ 2,452,958.75
Investor/Noteholder Defaulted Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 1,184,835.84
Series 2001-1 $ 507,786.79
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:
July 15, 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:
July 15, 2002
Series 1999-VFN Estimated 2.0887500%
Series 2000-VFN Estimated 2.0887500%
Series 2000-1 Class A 1.9737500%
Series 2000-1 Class B 2.2887500%
Series 2001-1 Class A 1.9687500%
Series 2001-1 Class B 2.3087500%
MONTHLY PAYMENT RATE % Month of:
June , 2002
MONTHLY PAYMENT RATE % 60.84%