WORLD OMNI FINANCIAL CORP.
WORLD OMNI MASTER OWNER TRUST
SERIES 1999-VFN, 2000-VFN, 2000-1 and 2001-1 SUPPLEMENTS
CERTIFICATE DATE AS OF : October 15, 2001
POOL BALANCE: Month of:
September , 2001
Pool Balance, beginning of month $814,308,312.67
Pool Balance, end of month $811,266,317.35
Pool Balance, average $795,970,264.36
Required Pool Balance, end of month $811,266,317.35
COLLECTIONS & SERIES ALLOCATIONS Month of:
September , 2001
Series Allocable Principal Collections
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $339,740,734.61
Series 2001-1 $145,603,171.98
$485,343,906.59
Series Allocable Non-Principal Collections
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 $ 3,127,958.98
Series 2001-1 $ 1,340,553.85
$ 4,468,512.83
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 $ 543,047.31
Series 2001-1 $ 232,746.97
$ 775,794.28
CONTROLLED DEPOSIT AMOUNT FOR COLLECTION PERIOD Month of:
September , 2001
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:
September , 2001
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 90.94%
Series 2001-1 90.94%
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:
September , 2001
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: $308,975,061.19
Cert. Percentage minus Excess Cert. Percentage: $ 30,765,673.42
$339,740,734.61
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 2,844,702.50
Cert. Percentage minus Excess Cert. Percentage: $ 283,256.48
$ 3,127,958.98
Series 2001-1
Series Allocable Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $132,417,883.37
Cert. Percentage minus Excess Cert. Percentage: $ 13,185,288.61
$145,603,171.98
Series Allocable Non-Principal Collections
Excess Certificateholder Percentage: $ 0.00
Floating Allocation Percentage: $ 1,219,158.21
Cert. Percentage minus Excess Cert. Percentage: $ 121,395.63
$ 1,340,553.85
Paid on:
MONTHLY DISTRIBUTIONS October 15, 2001
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 $ 19,125.00
Series 2000-1 Class A $ 1,820,105.00
Series 2000-1 Class B $ 165,375.00
Series 2001-1 Class A $ 779,370.28
Series 2001-1 Class B $ 70,795.28
Monthly Interest to Investors - $ per thousand
Series 1999-VFN $ -
Series 2000-VFN $ -
Series 2000-1 Class A $ 2.81750000
Series 2000-1 Class B $ 3.06250000
Series 2001-1 Class A $ 2.81361111
Series 2001-1 Class B $ 3.07805556
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 $ 431,997.73
Series 2001-1 $ 185,141.89
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:
October 15, 2001
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 $485,748,558.70
Excess Distributed to Cert. on Payment Date $ 1,349,894.82
FUNDED AND INVESTED AMOUNTS: Last day of:
September , 2001
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 $185,628,161.45
Invested Amount $460,371,838.55
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 $ 79,554,926.34
Invested Amount $197,445,073.66
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:
October 15, 2001
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. September , 2001
Pool Total Components of Excess Receivables:
Used Vehicles $ 97,064,375.33
Finance Hold Receivables (for Credit Reasons Only) $ 6,939,933.65
Delayed Payment Program $ 326,280.00
Pool Limits on Components of Excess Receivables:
Used Vehicles $202,816,579.34
Finance Hold Receivables $ 0.00
Delayed Payment Program $ 16,225,326.35
Total Excess Receivables $ 6,939,933.65
Overconcentration Amount $ 6,228,071.59
Ineligible Amount $ 0.00
Trust Incremental Subordinated Amount $ 13,168,005.24
POOL SERIES SUBORDINATED AMOUNTS As of:
September 30, 2001
Series Incremental Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 8,786,597.64
Series 2001-1 $ 3,765,684.70
Required Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 53,514,583.60
Series 2001-1 $ 22,934,821.54
Available Subordinated Amount
Series 1999-VFN $ 0.00
Series 2000-VFN $ 0.00
Series 2000-1 $ 53,514,583.60
Series 2001-1 $ 22,934,821.54
CHARGE OFFS For Month of:
September , 2001
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:
October 15, 2001
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:
October 15, 2001
Series 1999-VFN Estimated 2.7750000%
Series 2000-VFN Estimated 2.7750000%
Series 2000-1 Class A 2.6600000%
Series 2000-1 Class B 2.9750000%
Series 2001-1 Class A 2.6550000%
Series 2001-1 Class B 2.9950000%