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EXHIBIT 20
MONTHLY SERVICER'S CERTIFICATE
AMERICAN EXPRESS TRAVEL RELATED SERVICES COMPANY, INC.
-------------------------------------------------
AMERICAN EXPRESS CREDIT ACCOUNT MASTER TRUST
--------------------------------------------------
The undersigned, a duly authorized representative of American
Express Travel
Related Services Company, Inc., as Servicer ("TRS"), pursuant to
the Pooling and
Servicing Agreement, dated as of May 16, 1996 (as amended and
supplemented, the
"Agreement"), as supplemented by the Series Supplements (as
amended and
supplemented, the "Series Supplements"), among TRS, as Servicer,
American
Express Receivables Financing Corporation II, American Express
Receivables
Financing Corporation III LLC and American Express Receivables
Financing
Corporation IV LLC, as Transferors, and The Bank of New York, as
Trustee, does
hereby certify as follows:
1. Capitalized terms used in this Certificate have their
respective meanings
as set forth in the Agreement or the Series Supplements, as
applicable.
2. TRS is, as of the date hereof, the Servicer under the
Agreement.
3. The undersigned is a Servicing Officer.
4. This Certificate relates to the Distribution Date occurring
on January 18,
2005 and covers activity from November 25, 2004 through December
25, 2004.
5. As of the date hereof, to the best knowledge of the
undersigned, the
Servicer has performed in all material respects all its
obligations under
the Agreement through the Monthly Period preceding such
Distribution Date.
6. As of the date hereof, to the best knowledge of the
undersigned, no Pay Out
Event occurred on or prior to such Distribution date.
IN WITNESS WHEREOF, the undersigned has duly executed and
delivered this
Certificate this 11th day of January, 2005.
AMERICAN EXPRESS TRAVEL RELATED
SERVICES COMPANY, INC., as Servicer
By: /s/ Susanne L. Miller
--------------------------------
Name: Susanne L. Miller
Title: Vice President
Treasury Controller
<PAGE>
I. Monthly Period Trust Activity
-------------------------------------------------------------------------------
A. Trust Activity Trust Totals
----------------- ------------
Number of days in period 31
Beginning Principal Receivable Balance 23,058,872,273.72
Special Funding Account Balance 0.00
Beginning Total Principal Balance 23,058,872,273.72
Finance Charge Collections (excluding 363,094,161.50
Recoveries)
Recoveries 18,176,284.73
Total Collections of Finance Charge Receivables
381,270,446.23
Total Collections of Principal Receivables 5,766,103,126.30
Monthly Payment Rate 24.1994%
Defaulted amount 92,242,934.27
Annualized Default Rate 4.5144%
Trust Portfolio Yield 14.7582%
New Principal Receivables 6,857,483,285.29
Ending Principal Receivables Balance 24,058,009,498.44
Ending Required Minimum Principal Balance 21,694,250,000.00
Ending Transferor Amount 3,783,009,498.44
Ending Special Funding Account Balance 0.00
Ending Total Principal Balance 24,058,009,498.44
- 02 -
<PAGE>
<TABLE>
<CAPTION>
B. Series Allocations Series 2000-1 Series 2000-2 Series 2000-3
Series 2000-4
--------------------- ------------- ------------- -------------
-------------
<S> <C> <C> <C> <C> <C>
Group Number 1 2 2 2
Invested Amount 500,000,000.00 500,000,000.00 1,000,000,000.00
1,212,122,000.00
Adjusted Invested Amount 500,000,000.00 500,000,000.00
1,000,000,000.00 1,212,122,000.00
Principal Funding Account Balance 0.00 0.00 0.00 0.00
Series Required Transferor Amount 35,000,000.00 35,000,000.00
70,000,000.00 84,848,540.00
Series Allocation Percentage 2.47% 2.47% 4.93% 5.98%
Series Alloc. Finance Charge Collections 9,402,477.10
9,402,477.10 18,804,954.19 22,793,898.68
Series Allocable Recoveries 448,243.77 448,243.77 896,487.53
1,086,652.26
Series Alloc. Principal Collections 142,197,364.40
142,197,364.40 284,394,728.79 344,721,107.46
Series Allocable Defaulted Amount 2,274,794.93 2,274,794.93
4,549,589.85 5,514,657.95
B. Series Allocations Series 2000-5 Series 2001-1 Series 2001-2
Series 2001-3 Series 2001-4
--------------------- ------------- ------------- -------------
------------- -------------
Group Number 2 2 1 2 2
Invested Amount 787,878,000.00 750,000,000.00 250,000,000.00
750,000,000.00 725,000,000.00
Adjusted Invested Amount 787,878,000.00 750,000,000.00
250,000,000.00 750,000,000.00 725,000,000.00
Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00
Series Required Transferor Amount 55,151,460.00 52,500,000.00
17,500,000.00 52,500,000.00 50,750,000.00
Series Allocation Percentage 3.89% 3.70% 1.23% 3.70% 3.58%
Series Alloc. Finance Charge Collections 14,816,009.70
14,103,715.64 4,701,238.55 14,103,715.64 13,633,591.79
Series Allocable Recoveries 706,322.80 672,365.65 224,121.88
672,365.65 649,953.46
Series Alloc. Principal Collections 224,068,350.13
213,296,046.60 71,098,682.20 213,296,046.60 206,186,178.38
Series Allocable Defaulted Amount 3,584,521.75 3,412,192.39
1,137,397.46 3,412,192.39 3,298,452.64
B. Series Allocations Series 2001-5 Series 2001-6 Series 2001-7
Series 2002-1 Series 2002-2
--------------------- ------------- ------------- -------------
------------- -------------
Group Number 2 2 2 2 2
Invested Amount 500,000,000.00 700,000,000.00 650,000,000.00
920,000,000.00 940,000,000.00
Adjusted Invested Amount 500,000,000.00 700,000,000.00
650,000,000.00 920,000,000.00 940,000,000.00
Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00
Series Required Transferor Amount 35,000,000.00 49,000,000.00
45,500,000.00 64,400,000.00 65,800,000.00
Series Allocation Percentage 2.47% 3.45% 3.21% 4.54% 4.64%
Series Alloc. Finance Charge Collections 9,402,477.10
13,163,467.93 12,223,220.22 17,300,557.86 17,676,656.94
Series Allocable Recoveries 448,243.77 627,541.27 582,716.90
824,768.53 842,698.28
Series Alloc. Principal Collections 142,197,364.40
199,076,310.16 184,856,573.72 261,643,150.49 267,331,045.07
Series Allocable Defaulted Amount 2,274,794.93 3,184,712.90
2,957,233.40 4,185,622.66 4,276,614.46
B. Series Allocations Series 2002-3 Series 2002-4 Series 2002-5
Series 2002-6 Series 2003-1
--------------------- ------------- ------------- -------------
------------- -------------
Group Number 2 2 2 2 2
Invested Amount 920,000,000.00 500,000,000.00 600,000,000.00
720,000,000.00 920,000,000.00
Adjusted Invested Amount 920,000,000.00 500,000,000.00
600,000,000.00 720,000,000.00 920,000,000.00
Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00
Series Required Transferor Amount 64,400,000.00 35,000,000.00
42,000,000.00 50,400,000.00 64,400,000.00
Series Allocation Percentage 4.54% 2.47% 2.96% 3.55% 4.54%
Series Alloc. Finance Charge Collections 17,300,557.86
9,402,477.10 11,282,972.51 13,539,567.02 17,300,557.86
Series Allocable Recoveries 824,768.53 448,243.77 537,892.52
645,471.02 824,768.53
Series Alloc. Principal Collections 261,643,150.49
142,197,364.40 170,636,837.28 204,764,204.73 261,643,150.49
Series Allocable Defaulted Amount 4,185,622.66 2,274,794.93
2,729,753.91 3,275,704.69 4,185,622.66
B. Series Allocations Series 2003-2 Series 2003-3 Series 2003-4
Series 2004-1 Series 2004-2
--------------------- ------------- ------------- -------------
------------- --------------
Group Number 2 2 1 2 2
Invested Amount 1,100,000,000.00 750,000,000.00 680,000,000.00
800,000,000.00 400,000,000.00
Adjusted Invested Amount 1,100,000,000.00 750,000,000.00
680,000,000.00 800,000,000.00 400,000,000.00
Principal Funding Account Balance 0.00 0.00 0.00 0.00 0.00
Series Required Transferor Amount 77,000,000.00 52,500,000.00
47,600,000.00 56,000,000.00 28,000,000.00
Series Allocation Percentage 5.43% 3.70% 3.35% 3.95% 1.97%
Series Alloc. Finance Charge Collections 20,685,449.61
14,103,715.64 12,787,368.85 15,043,963.35 7,521,981.68
Series Allocable Recoveries 986,136.29 672,365.65 609,611.52
717,190.03 358,595.01
Series Alloc. Principal Collections 312,834,201.67
213,296,046.60 193,388,415.58 227,515,783.04 113,757,891.52
Series Allocable Defaulted Amount 5,004,548.84 3,412,192.39
3,093,721.10 3,639,671.88 1,819,835.94
</TABLE>
- 03 -
<PAGE>
<TABLE>
<CAPTION>
B. Series Allocations Series 2004-3 Series 2004-4 Series 2004-5
Trust Total
--------------------- ------------- ------------- -------------
-----------
<S> <C> <C> <C> <C> <C>
Group Number 1 2 2
Invested Amount 600,000,000.00 1,100,000,000.00 1,000,000,000.00
20,275,000,000.00
Adjusted Invested Amount 600,000,000.00 1,100,000,000.00
1,000,000,000.00 20,275,000,000.00
Principal Funding Account Balance 0.00 0.00 0.00 0.00
Series Required Transferor Amount 42,000,000.00 77,000,000.00
70,000,000.00 1,419,250,000.00
Series Allocation Percentage 2.96% 5.43% 4.93% 100%
Series Alloc. Finance Charge Collections 11,282,972.51
20,685,449.61 18,804,954.19 381,270,446.23
Series Allocable Recoveries 537,892.52 986,136.29 896,487.53
18,176,284.73
Series Alloc. Principal Collections 170,636,837.28
312,834,201.67 284,394,728.79 5,766,103,126.30
Series Allocable Defaulted Amount 2,729,753.91 5,004,548.84
4,549,589.85 92,242,934.27
C. Group Allocations
--------------------
1. Group 1 Allocations Series 2000-1
---------------------- -------------
Invested Amount 500,000,000.00
Investor Finance Charge Collections 8,271,828.38
Investor Monthly Interest 2,896,963.54
Investor Default Amount 2,000,161.44
Investor Monthly Fees 833,333.33
Investor Additional Amounts 0.00
Total 5,730,458.31
Reallocated Investor Finance
Charge Collections 9,387,871.44
Available Excess 3,657,413.12
1. Group 1 Allocations Series 2001-2 Series 2003-4 Series 2004-3
Group 1 Total
---------------------- ------------- ------------- -------------
-------------
Invested Amount 250,000,000.00 680,000,000.00 600,000,000.00
2,030,000,000.00
Investor Finance Charge Collections 4,133,663.19 11,243,563.88
9,920,791.66 33,569,847.12
Investor Monthly Interest 1,127,023.44 1,052,052.08 2,136,220.00
7,212,259.06
Investor Default Amount 1,000,080.72 2,720,219.56 2,400,193.73
8,120,655.44
Investor Monthly Fees 416,666.67 1,133,333.33 1,000,000.00
3,383,333.33
Investor Additional Amounts 0.00 0.00 0.00 0.00
Total 2,543,770.82 4,905,604.97 5,536,413.73 18,716,247.84
Reallocated Investor Finance
Charge Collections 4,372,477.38 9,879,686.82 9,925,309.47
33,565,345.12
Available Excess 1,828,706.56 4,974,081.85 4,388,895.75
14,849,097.28
2. Group 2 Allocations Series 2000-2 Series 2000-3 Series 2000-4
Series 2000-5
---------------------- ------------- ------------- -------------
-------------
Invested Amount 500,000,000.00 1,000,000,000.00 1,212,122,000.00
787,878,000.00
Investor Finance Charge Collections 8,271,620.38 16,543,240.77
20,042,016.38 13,027,289.15
Investor Monthly Interest 1,234,447.92 2,465,000.00 3,045,477.73
1,931,627.17
Investor Default Amount 2,000,161.44 4,000,322.88 4,848,879.37
3,151,766.39
Investor Monthly Fees 833,333.33 1,666,666.67 2,020,203.33
1,313,130.00
Investor Additional Amounts 0.00 0.00 0.00 0.00
Total 4,067,942.69 8,131,989.54 9,914,560.43 6,396,523.56
Reallocated Investor Finance
Charge Collections 8,281,702.18 16,559,508.53 20,129,741.60
13,036,380.36
Investment Funding Account Proceeds 0.00
Available Excess 4,213,759.49 8,427,518.99 10,215,181.17
6,639,856.80
2. Group 2 Allocations Series 2001-1 Series 2001-3 Series 2001-4
Series 2001-5 Series 2001-6
---------------------- ------------- ------------- -------------
------------- -------------
Invested Amount 750,000,000.00 750,000,000.00 725,000,000.00
500,000,000.00 700,000,000.00
Investor Finance Charge Collections 12,400,989.57 12,400,989.57
11,987,623.26 8,267,326.38 11,574,256.94
Investor Monthly Interest 1,841,029.17 1,832,918.75 1,771,821.46
1,244,069.44 1,703,683.33
Investor Default Amount 3,000,242.16 3,000,242.16 2,900,234.09
2,000,161.44 2,800,226.01
Investor Monthly Fees 1,250,000.00 1,250,000.00 1,208,333.33
833,333.33 1,166,666.67
Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00
Total 6,091,271.32 6,083,160.91 5,880,388.88 4,077,564.22
5,670,576.01
Reallocated Investor Finance
Charge Collections 12,411,910.56 12,403,800.15 11,990,340.14
8,291,323.71 11,569,839.30
Investment Funding Account Proceeds
Available Excess 6,320,639.24 6,320,639.24 6,109,951.26
4,213,759.49 5,899,263.29
</TABLE>
- 04 -
<PAGE>
<TABLE>
<CAPTION>
2. Group 2 Allocations Series 2001-7 Series 2002-1 Series 2002-2
Series 2002-3 Series 2002-4
---------------------- ------------- ------------- -------------
------------- -------------
<S> <C> <C> <C> <C> <C>
Invested Amount 650,000,000.00 920,000,000.00 940,000,000.00
920,000,000.00 500,000,000.00
Investor Finance Charge Collections 10,747,524.30 15,211,880.55
15,542,573.60 15,211,880.55 8,267,326.38
Investor Monthly Interest 1,582,482.78 2,235,433.89 2,283,320.06
2,234,043.67 1,184,238.89
Investor Default Amount 2,600,209.87 3,680,297.05 3,760,303.50
3,680,297.05 2,000,161.44
Investor Monthly Fees 1,083,333.33 1,533,333.33 1,566,666.67
1,533,333.33 833,333.33
Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00
Total 5,266,025.98 7,449,064.27 7,610,290.23 7,447,674.05
4,017,733.66
Reallocated Investor Finance
Charge Collections 10,743,913.32 15,202,381.74 15,532,158.07
15,200,991.51 8,231,493.15
Investment Funding Account Proceeds
Available Excess 5,477,887.34 7,753,317.47 7,921,867.85
7,753,317.47 4,213,759.49
2. Group 2 Allocations Series 2002-5 Series 2002-6 Series 2003-1
Series 2003-2 Series 2003-3
---------------------- ------------- ------------- -------------
------------- -------------
Invested Amount 600,000,000.00 720,000,000.00 920,000,000.00
1,100,000,000.00 750,000,000.00
Investor Finance Charge Collections 9,920,791.66 11,904,949.99
15,211,880.55 18,188,118.04 12,400,989.57
Investor Monthly Interest 1,488,208.33 1,769,020.00 2,235,433.89
2,670,308.06 1,819,531.25
Investor Default Amount 2,400,193.73 2,880,232.47 3,680,297.05
4,400,355.16 3,000,242.16
Investor Monthly Fees 1,000,000.00 1,200,000.00 1,533,333.33
1,833,333.33 1,250,000.00
Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00
Total 4,888,402.06 5,849,252.47 7,449,064.27 8,903,996.55
6,069,773.41
Reallocated Investor Finance
Charge Collections 9,944,913.45 11,917,066.14 15,202,381.74
18,174,267.44 12,390,412.65
Investment Funding Account Proceeds
Available Excess 5,056,511.39 6,067,813.67 7,753,317.47
9,270,270.88 6,320,639.24
2. Group 2 Allocations Series 2004-1 Series 2004-2 Series 2004-4
Series 2004-5 Group 2 Total
---------------------- ------------- ------------- -------------
------------- -------------
Invested Amount 800,000,000.00 400,000,000.00 1,100,000,000.00
1,000,000,000.00 18,245,000,000.00
Investor Finance Charge Collections 13,227,722.21 6,613,861.11
18,188,118.04 16,534,652.77 301,687,621.72
Investor Monthly Interest 1,917,260.00 994,500.00 2,639,764.72
2,396,811.11 44,520,431.61
Investor Default Amount 3,200,258.30 1,600,129.15 4,400,355.16
4,000,322.88 72,985,890.89
Investor Monthly Fees 1,333,333.33 666,666.67 1,833,333.33
1,666,666.67 30,408,333.33
Investor Additional Amounts 0.00 0.00 0.00 0.00 0.00
Total 6,450,851.63 3,261,295.82 8,873,453.22 8,063,800.65
147,914,655.83
Reallocated Investor Finance
Charge Collections 13,192,866.82 6,632,303.41 18,143,724.10
16,491,319.64 301,674,739.72
Investment Funding Account Proceeds 0.00
Available Excess 6,742,015.19 3,371,007.59 9,270,270.88
8,427,518.99 153,760,083.89
GROUP I GROUP II
------- --------
Group Investor Finance Charge Collections 33,565,345.12
301,674,739.72
Group Expenses 18,716,247.84 147,914,655.83
Reallocable Investor Finance
Charge Collections 14,849,097.28 153,760,083.89
D. Trust Performance
--------------------
Delinquencies:
31-60 Days Delinquent: 243,809,858
61-90 Days Delinquent: 139,608,777
90+ Days Delinquent: 228,857,589
Total 30+ Days Delinquent: 612,276,224
</TABLE>
- 05 -
<PAGE>
<TABLE>
<CAPTION>
II. Series 2000-1 Certificates
------------------------------------------------------------------------------------------------------------------------------------
Series Total Investor Transferors
A. Investor/Transferor Allocations Allocations Interest
Interest
---------------------------------- ----------- --------------
-----------
<S> <C> <C> <C> <C>
Beginning Invested /Transferor Amount 568,652,830.42
500,000,000.00 68,652,830.42
Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A
Floating Allocation Percentage N/A 87.9271% 12.0729%
Principal Allocation Percentage N/A 87.9271% 12.0729%
Collections of Finance Chg. Receivables 9,402,477.10
8,271,828.38 1,135,150.71
Collections of Principal Receivables 142,197,364.40
125,030,033.08 17,167,331.32
Defaulted Amount 2,274,794.93 2,000,161.44 274,633.49
Ending Invested / Transferor Amounts 593,292,466.05
500,000,000.00 93,292,466.05
------------------------------------------------------------------------------------------------------------------------------------
Collateral
B. Monthly Period Funding Requirements Class A Class B Interest
Total
-------------------------------------- ------- -------
---------- -----
Principal Funding Account 0.00 0.00 0.00 0.00
Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00
Reserve Draw Amount 0.00 0.00 0.00 0.00
Available Reserve Account Amount 2,162,500.00 0.00 0.00
2,162,500.00
Reserve Account Surplus 0.00 0.00 0.00 0.00
Coupon December 15, 2004 to January 17, 2005 7.2000% 7.4000%
3.3025%
Monthly Interest Due 2,595,000.00 185,000.00 116,963.54
2,896,963.54
Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00
Additional Interest Due 0.00 0.00 0.00 0.00
Total Interest Due 2,595,000.00 185,000.00 116,963.54
2,896,963.54
Investor Default Amount 1,730,139.64 120,009.69 150,012.11
2,000,161.44
Investor Monthly Fees Due 720,833.33 50,000.00 62,500.00
833,333.33
Investor Additional Amounts Due
Total Due 5,045,972.98 355,009.69 329,475.65 5,730,458.31
Reallocated Investor Finance Charge Collections 9,387,871.44
Interest and Principal Funding Investment Proceeds 0.00
Interest on Reserve Account 4,502.00
Series Adjusted Portfolio Yield 17.4075%
Base Rate 8.0092%
Excess Spread Percentage 8.7886%
------------------------------------------------------------------------------------------------------------------------------------
Collateral
C. Certificates - Balances and Distributions Class A Class B
Interest Total
-------------------------------------------- ------- -------
---------- -----
Beginning Certificates Balance 432,500,000.00 30,000,000.00
37,500,000.00 500,000,000.00
Interest Distributions 2,595,000.00 185,000.00 116,963.54
2,896,963.54
Principal Deposits - Prin. Funding Account 0.00 0.00 0.00
0.00
Principal Distributions 0.00 0.00 0.00 0.00
Total Distributions 2,595,000.00 185,000.00 116,963.54
2,896,963.54
Ending Certificates Balance 432,500,000.00 30,000,000.00
37,500,000.00 500,000,000.00
</TABLE>
- 06 -
<PAGE>
D. Information regarding distributions on the Distribution Date
in respect
of the Class A Certificates per $1,000 original certificate
principal amount.
1. Total amount of the distribution: $6.00
2. Amount of the distribution in
respect of Class A Monthly Interest: $6.00
3. Amount of the distribution in
respect of Class A Outstanding
Monthly Interest: $0.00
4. Amount of the distribution in
respect of Class A Additional Interest: $0.00
5. Amount of the distribution in
respect of Class A Principal: $0.00
E. Class A Investor Charge-Offs and Reimbursement of Class A
Investor
Charge-Offs on such Distribution Date.
1. Total amount of Class A Investor Charge-Offs: $0.00
2. Amount of Class A Investor Charge-
Offs per $1,000 original certificate
principal amount: $0.00
3. Total amount reimbursed in respect of
Class A Investor Charge-Offs: $0.00
4. Amount reimbursed in respect of Class
A Investor Charge-Offs per $1,000
original certificate principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the Class
A Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
F. Information regarding distributions in respect of the Class
B
Certificates, per $1,000 original certificate principal
amount.
1. The total amount of the distribution: $6.17
2. Amount of the distribution in
respect of class B monthly interest: $6.17
3. Amount of the distribution in
respect of class B outstanding monthly
interest: $0.00
4. Amount of the distribution in
respect of class B additional interest: $0.00
5. Amount of the distribution in
respect of class B principal: $0.00
- 07 -
<PAGE>
G. Amount of reductions in Class B Invested Amount pursuant to
clauses (c),
(d), and (e) of the definition of Class B Invested Amount on
such
Distribution Date.
1. The amount of reductions in Class B
Invested Amount pursuant to clauses
c), (d), and (e) of the definition
of Class B Invested Amount: $0.00
2. The amount of reductions in the
Class B Invested Amount set forth in
paragraph 1 above, per $1,000 original
certificate principal amount: $0.00
3. The total amount reimbursed in respect
of such reductions in the Class B
Invested Amount: $0.00
4. The amount set forth in paragraph 3
above, per $1,000 original certificate
principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
H. Information regarding distributions on the Distribution Date
to the
Collateral Interest Holder.
1. Total amount distributed to the Collateral
Interest Holder: $116,963.54
2. Amount distributed in respect of Collateral
Monthly Interest: $116,963.54
3. Amount distributed in respect of Collateral
Additional Interest: $0.00
4. The amount distributed to the Collateral
Interest Holder in respect of principal
on the Collateral Invested Amount: $0.00
I. Amount of reductions in Collateral Invested Amount pursuant
to clauses
(c), (d), and (e) of the definition of Collateral Invested
Amount.
1. The amount of reductions in the
Collateral Invested Amount pursuant
to clauses (c), (d), and (e) of the
definition of Collateral Invested Amount: $0.00
2. The total amount reimbursed in respect
of such reductions in the Collateral
Invested Amount: $0.00
- 08 -
<PAGE>
J. Application of Reallocated Investor Finance Charge
Collections.
1. Class A Available Funds: $8,124,403.02
a. Class A Monthly Interest: $2,595,000.00
b. Class A Outstanding Monthly Interest: $0.00
c. Class A Additional Interest: $0.00
d. Class A Investor Default Amount
(Treated as Available Principal Collections): $1,730,139.64
e. Excess Spread: $3,799,263.38
2. Class B Available Funds: $563,542.41
a. Class B Monthly Interest: $185,000.00
b. Class B Outstanding Monthly Interest: $0.00
c. Class B Additional Interest: $0.00
d. Excess Spread: $378,542.41
3. Collateral Available Funds: $704,428.01
a. Excess Spread: $704,428.01
4. Total Excess Spread: $4,882,233.79
K. Reallocated Principal Collections.
1. Principal Allocation Percentage: 87.9271%
2. Series 2000-1 Allocable Principal
Collections: $142,197,364.40
3. Principal Allocation Percentage of
Series 2000-1 Allocable Principal
Collections: $125,030,033.08
4. Reallocated Principal Collections
Required to fund the Required Amount: $0.00
5. Item 3 minus item 4: $125,030,033.08
6. Shared Principal Collections from other
Series allocated to Series 2000-1: N/A
7. Other amounts Treated as Available Principal
Collections: $2,000,161.44
8. Available Principal Collections
(total of 5., 6. & 7.): $127,030,194.52
L. Application of Available Principal Collections during
Revolving Period.
1. Collateral Invested Amount: $37,500,000.00
2. Required Collateral Invested Amount: $37,500,000.00
3. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: $0.00
4. Treated as Shared Principal Collections: $127,030,194.52
- 09 -
<PAGE>
M. Application of Principal Collections During Accumulation or
Amortization
Period.
1. Principal Funding Account: N/A
2. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: N/A
3. Principal Distribution: N/A
4. Treated as Shared Principal Collections: N/A
N. Application of Excess Spread and Excess Finance Charge
Collections
Allocated to Series 2000-1
1. Excess Spread: $4,882,233.79
2. Excess Finance Charge Collections: $0.00
3. Applied to fund Class A Required Amount: $0.00
4. Class A Investor Charge-Offs treated
as Available Principal Collections: $0.00
5. Applied to fund Class B overdue Interest: $0.00
6. Applied to fund Class B Required Amount: $120,009.69
7. Reduction of Class B Invested Amount
treated as Available Principal Collections: $0.00
8. Applied to Collateral Monthly Interest: $116,963.54
9. Applied to unpaid Monthly Servicing Fee: $833,333.33
10. Collateral Default Amount treated as
Available Principal Collections: $150,012.11
11. Reduction of Collateral Invested Amount
treated as Available Principal Collections: $0.00
12. Deposited to Reserve Account: $0.00
13. Applied to other amounts owed to
Collateral Interest Holder: $0.00
l4. Balance: $3,661,915.12
O. Yield and Base Rate
1. Base Rate
a. Current Monthly Period 8.0092%
b. Prior Monthly Period 9.0206%
c. Second Prior Monthly Period 8.7195%
2. Three Month Average Base Rate 8.5831%
3. Series Adjusted Portfolio Yield
a. Current Monthly Period 17.4075%
b. Prior Monthly Period 17.3226%
c. Second Prior Monthly Period 17.4882%
4. Three Month Average Series Adjusted Portfolio Yield
17.4061%
- 10 -
<PAGE>
<TABLE>
<CAPTION>
III. Series 2000-2 Certificates
------------------------------------------------------------------------------------------------------------------------------------
Series Total Investor Transferors
A. Investor/Transferor Allocations Allocations Interest
Interest
---------------------------------- ----------- --------------
-----------
<S> <C> <C> <C> <C>
Beginning Invested /Transferor Amount 568,652,830.42
500,000,000.00 68,652,830.42
Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A
Floating Allocation Percentage N/A 87.9271% 12.0729%
Principal Allocation Percentage N/A 87.9271% 12.0729%
Collections of Finance Chg. Receivables 9,402,477.10
8,271,620.38 1,135,150.71
Collections of Principal Receivables 142,197,364.40
125,030,033.08 17,167,331.32
Defaulted Amount 2,274,794.93 2,000,161.44 274,633.49
Ending Invested / Transferor Amounts 593,292,466.05
500,000,000.00 93,292,466.05
------------------------------------------------------------------------------------------------------------------------------------
Collateral
B. Monthly Period Funding Requirements Class A Class B Interest
Total
-------------------------------------- ------- -------
---------- -----
Principal Funding Account 0.00 0.00 0.00 0.00
Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00
Reserve Draw Amount 0.00 0.00 0.00 0.00
Available Reserve Account Amount 2,062,500.00 0.00 0.00
2,062,500.00
Reserve Account Surplus 0.00 0.00 0.00 0.00
Coupon December 15, 2004 to January 17, 2005 2.5675% 2.7525%
2.9025%
Monthly Interest Due 1,000,255.21 103,983.33 130,209.38
1,234,447.92
Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00
Additional Interest Due 0.00 0.00 0.00 0.00
Total Interest Due 1,000,255.21 103,983.33 130,209.38
1,234,447.92
Investor Default Amount 1,650,133.19 160,012.92 190,015.34
2,000,161.44
Investor Monthly Fees Due 687,500.00 66,666.67 79,166.67
833,333.33
Investor Additional Amounts Due
Total Due 3,337,888.40 330,662.92 399,391.38 4,067,942.69
Reallocated Investor Finance Charge Collections 8,281,702.18
Interest and Principal Funding Investment Proceeds 0.00
Interest on Reserve Account 4,294.00
Series Adjusted Portfolio Yield 14.8021%
Base Rate 4.4397%
Excess Spread Percentage 10.1233%
------------------------------------------------------------------------------------------------------------------------------------
Collateral
C. Certificates - Balances and Distributions Class A Class B
Interest Total
-------------------------------------------- ------- -------
---------- -----
Beginning Certificates Balance 412,500,000.00 40,000,000.00
47,500,000.00 500,000,000.00
Interest Distributions 1,000,255.21 103,983.33 130,209.38
1,234,447.92
Principal Deposits - Prin. Funding Account 0.00 0.00 0.00
0.00
Principal Distributions 0.00 0.00 0.00 0.00
Total Distributions 1,000,255.21 103,983.33 130,209.38
1,234,447.92
Ending Certificates Balance 412,500,000.00 40,000,000.00
47,500,000.00 500,000,000.00
</TABLE>
- 11 -
<PAGE>
D. Information regarding distributions on the Distribution Date
in respect
of the Class A Certificates per $1,000 original certificate
principal amount.
1. Total amount of the distribution: $2.42
2. Amount of the distribution in
respect of Class A Monthly Interest: $2.42
3. Amount of the distribution in
respect of Class A Outstanding
Monthly Interest: $0.00
4. Amount of the distribution in
respect of Class A Additional Interest: $0.00
5. Amount of the distribution in
respect of Class A Principal: $0.00
E. Class A Investor Charge-Offs and Reimbursement of Class A
Investor
Charge-Offs on such Distribution Date.
1. Total amount of Class A Investor Charge-Offs: $0.00
2. Amount of Class A Investor Charge-
Offs per $1,000 original certificate
principal amount: $0.00
3. Total amount reimbursed in respect of
Class A Investor Charge-Offs: $0.00
4. Amount reimbursed in respect of Class
A Investor Charge-Offs per $1,000
original certificate principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the Class
A Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
F. Information regarding distributions in respect of the Class
B
Certificates, per $1,000 original certificate principal
amount.
1. The total amount of the distribution: $2.60
2. Amount of the distribution in
respect of class B monthly interest: $2.60
3. Amount of the distribution in
respect of class B outstanding monthly
interest: $0.00
4. Amount of the distribution in
respect of class B additional interest: $0.00
5. Amount of the distribution in
respect of class B principal: $0.00
- 12 -
<PAGE>
G. Amount of reductions in Class B Invested Amount pursuant to
clauses (c),
(d), and (e) of the definition of Class B Invested Amount on
such
Distribution Date.
1. The amount of reductions in Class B
Invested Amount pursuant to clauses
c), (d), and (e) of the definition
of Class B Invested Amount: $0.00
2. The amount of reductions in the
Class B Invested Amount set forth in
paragraph 1 above, per $1,000 original
certificate principal amount: $0.00
3. The total amount reimbursed in respect
of such reductions in the Class B
Invested Amount: $0.00
4. The amount set forth in paragraph 3
above, per $1,000 original certificate
principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
H. Information regarding distributions on the Distribution Date
to the
Collateral Interest Holder.
1. Total amount distributed to the Collateral
Interest Holder: $130,209.38
2. Amount distributed in respect of Collateral
Monthly Interest: $130,209.38
3. Amount distributed in respect of Collateral
Additional Interest: $0.00
4. The amount distributed to the Collateral
Interest Holder in respect of principal
on the Collateral Invested Amount: $0.00
I. Amount of reductions in Collateral Invested Amount pursuant
to clauses
(c), (d), and (e) of the definition of Collateral Invested
Amount.
1. The amount of reductions in the
Collateral Invested Amount pursuant
to clauses (c), (d), and (e) of the
definition of Collateral Invested Amount: $0.00
2. The total amount reimbursed in respect
of such reductions in the Collateral
Invested Amount: $0.00
- 13 -
<PAGE>
J. Application of Reallocated Investor Finance Charge
Collections.
1. Class A Available Funds: $6,835,946.85
a. Class A Monthly Interest: $1,000,255.21
b. Class A Outstanding Monthly Interest: $0.00
c. Class A Additional Interest: $0.00
d. Class A Investor Default Amount
(Treated as Available Principal Collections): $1,650,133.19
e. Excess Spread: $4,185,558.45
2. Class B Available Funds: $662,879.69
a. Class B Monthly Interest: $103,983.33
b. Class B Outstanding Monthly Interest: $0.00
c. Class B Additional Interest: $0.00
d. Excess Spread: $558,896.36
3. Collateral Available Funds: $787,169.64
a. Excess Spread: $787,169.64
4. Total Excess Spread: $5,531,624.45
K. Reallocated Principal Collections.
1. Principal Allocation Percentage: 87.9271%
2. Series 2000-2 Allocable Principal
Collections: $142,197,364.40
3. Principal Allocation Percentage of
Series 2000-2 Allocable Principal
Collections: $125,030,033.08
4. Reallocated Principal Collections
Required to fund the Required Amount: $0.00
5. Item 3 minus item 4: $125,030,033.08
6. Shared Principal Collections from other
Series allocated to Series 2000-2: N/A
7. Other amounts Treated as Available Principal
Collections: $2,000,161.44
8. Available Principal Collections
(total of 5., 6. & 7.): $127,030,194.52
L. Application of Available Principal Collections during
Revolving Period.
1. Collateral Invested Amount: $47,500,000.00
2. Required Collateral Invested Amount: $47,500,000.00
3. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: $0.00
4. Treated as Shared Principal Collections: $127,030,194.52
- 14 -
<PAGE>
M. Application of Principal Collections During Accumulation or
Amortization
Period.
1. Principal Funding Account: N/A
2. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: N/A
3. Principal Distribution: N/A
4. Treated as Shared Principal Collections: N/A
N. Application of Excess Spread and Excess Finance Charge
Collections
Allocated to Series 2000-2
1. Excess Spread: $5,531,624.45
2. Excess Finance Charge Collections: $0.00
3. Applied to fund Class A Required Amount: $0.00
4. Class A Investor Charge-Offs treated
as Available Principal Collections: $0.00
5. Applied to fund Class B overdue Interest: $0.00
6. Applied to fund Class B Required Amount: $160,012.92
7. Reduction of Class B Invested Amount
treated as Available Principal Collections: $0.00
8. Applied to Collateral Monthly Interest: $130,209.38
9. Applied to unpaid Monthly Servicing Fee: $833,333.33
10. Collateral Default Amount treated as
Available Principal Collections: $190,015.34
11. Reduction of Collateral Invested Amount
treated as Available Principal Collections: $0.00
12. Deposited to Reserve Account: $0.00
13. Applied to other amounts owed to
Collateral Interest Holder: $0.00
l4. Balance: $4,218,053.49
O. Yield and Base Rate
1. Base Rate
a. Current Monthly Period 4.4396%
b. Prior Monthly Period 4.3715%
c. Second Prior Monthly Period 4.0729%
2. Three Month Average Base Rate 4.2947%
3. Series Adjusted Portfolio Yield
a. Current Monthly Period 14.8021%
b. Prior Monthly Period 14.6455%
c. Second Prior Monthly Period 14.7977%
4. Three Month Average Series Adjusted Portfolio Yield
14.7484%
- 15 -
<PAGE>
<TABLE>
<CAPTION>
IV. Series 2000-3 Certificates
------------------------------------------------------------------------------------------------------------------------------------
Series Total Investor Transferors
A. Investor/Transferor Allocations Allocations Interest
Interest
---------------------------------- ----------- --------------
-----------
<S> <C> <C> <C> <C>
Beginning Invested /Transferor Amount 1,137,305,660.85
1,000,000,000.00 137,305,660.85
Beginning Adjusted Invested Amount N/A 1,000,000,000.00 N/A
Floating Allocation Percentage N/A 87.9271% 12.0729%
Principal Allocation Percentage N/A 87.9271% 12.0729%
Collections of Finance Chg. Receivables 18,804,954.19
16,543,240.77 2,270,301.42
Collections of Principal Receivables 284,394,728.79
250,060,066.16 34,334,662.64
Defaulted Amount 4,549,589.85 4,000,322.88 549,266.98
Ending Invested / Transferor Amounts 1,186,584,932.11
1,000,000,000.00 186,584,932.11
------------------------------------------------------------------------------------------------------------------------------------
Collateral
B. Monthly Period Funding Requirements Class A Class B Interest
Total
-------------------------------------- ------- -------
---------- -----
Principal Funding Account 0.00 0.00 0.00 0.00
Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00
Reserve Draw Amount 0.00 0.00 0.00 0.00
Available Reserve Account Amount 4,125,000.00 0.00 0.00
4,125,000.00
Reserve Account Surplus 0.00 0.00 0.00 0.00
Coupon December 15, 2004 to January 17, 2005 2.5625% 2.7525%
2.9025%
Monthly Interest Due 1,996,614.58 207,966.67 260,418.75
2,465,000.00
Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00
Additional Interest Due 0.00 0.00 0.00 0.00
Total Interest Due 1,996,614.58 207,966.67 260,418.75
2,465,000.00
Investor Default Amount 3,300,266.37 320,025.83 380,030.67
4,000,322.88
Investor Monthly Fees Due 1,375,000.00 133,333.33 158,333.33
1,666,666.67
Investor Additional Amounts Due
Total Due 6,671,880.96 661,325.83 798,782.76 8,131,989.54
Reallocated Investor Finance Charge Collections
16,559,508.53
Interest and Principal Funding Investment Proceeds 0.00
Interest on Reserve Account 8,588.00
Series Adjusted Portfolio Yield 14.7975%
Base Rate 4.4355%
Excess Spread Percentage 10.1233%
------------------------------------------------------------------------------------------------------------------------------------
Collateral
C. Certificates - Balances and Distributions Class A Class B
Interest Total
-------------------------------------------- ------- -------
---------- -----
Beginning Certificates Balance 825,000,000.00 80,000,000.00
95,000,000.00 1,000,000,000.00
Interest Distributions 1,996,614.58 207,966.67 260,418.75
2,465,000.00
Principal Deposits - Prin. Funding Account 0.00 0.00 0.00
0.00
Principal Distributions 0.00 0.00 0.00 0.00
Total Distributions 1,996,614.58 207,966.67 260,418.75
2,465,000.00
Ending Certificates Balance 825,000,000.00 80,000,000.00
95,000,000.00 1,000,000,000.00
</TABLE>
- 16 -
<PAGE>
D. Information regarding distributions on the Distribution Date
in respect
of the Class A Certificates per $1,000 original certificate
principal amount.
1. Total amount of the distribution: $2.42
2. Amount of the distribution in
respect of Class A Monthly Interest: $2.42
3. Amount of the distribution in
respect of Class A Outstanding
Monthly Interest: $0.00
4. Amount of the distribution in
respect of Class A Additional Interest: $0.00
5. Amount of the distribution in
respect of Class A Principal: $0.00
E. Class A Investor Charge-Offs and Reimbursement of Class A
Investor
Charge-Offs on such Distribution Date.
1. Total amount of Class A Investor Charge-Offs: $0.00
2. Amount of Class A Investor Charge-
Offs per $1,000 original certificate
principal amount: $0.00
3. Total amount reimbursed in respect of
Class A Investor Charge-Offs: $0.00
4. Amount reimbursed in respect of Class
A Investor Charge-Offs per $1,000
original certificate principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the Class
A Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
F. Information regarding distributions in respect of the Class
B
Certificates, per $1,000 original certificate principal
amount.
1. The total amount of the distribution: $2.60
2. Amount of the distribution in
respect of class B monthly interest: $2.60
3. Amount of the distribution in
respect of class B outstanding monthly
interest: $0.00
4. Amount of the distribution in
respect of class B additional interest: $0.00
5. Amount of the distribution in
respect of class B principal: $0.00
- 17 -
<PAGE>
G. Amount of reductions in Class B Invested Amount pursuant to
clauses (c),
(d), and (e) of the definition of Class B Invested Amount on
such
Distribution Date.
1. The amount of reductions in Class B
Invested Amount pursuant to clauses
c), (d), and (e) of the definition
of Class B Invested Amount: $0.00
2. The amount of reductions in the
Class B Invested Amount set forth in
paragraph 1 above, per $1,000 original
certificate principal amount: $0.00
3. The total amount reimbursed in respect
of such reductions in the Class B
Invested Amount: $0.00
4. The amount set forth in paragraph 3
above, per $1,000 original certificate
principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
H. Information regarding distributions on the Distribution Date
to the
Collateral Interest Holder.
1. Total amount distributed to the Collateral
Interest Holder: $260,418.75
2. Amount distributed in respect of Collateral
Monthly Interest: $260,418.75
3. Amount distributed in respect of Collateral
Additional Interest: $0.00
4. The amount distributed to the Collateral
Interest Holder in respect of principal
on the Collateral Invested Amount: $0.00
I. Amount of reductions in Collateral Invested Amount pursuant
to clauses
(c), (d), and (e) of the definition of Collateral Invested
Amount.
1. The amount of reductions in the
Collateral Invested Amount pursuant
to clauses (c), (d), and (e) of the
definition of Collateral Invested Amount: $0.00
2. The total amount reimbursed in respect
of such reductions in the Collateral
Invested Amount: $0.00
- 18 -
<PAGE>
J. Application of Reallocated Investor Finance Charge
Collections.
1. Class A Available Funds: $13,668,679.64
a. Class A Monthly Interest: $1,996,614.58
b. Class A Outstanding Monthly Interest: $0.00
c. Class A Additional Interest: $0.00
d. Class A Investor Default Amount
(Treated as Available Principal Collections): $3,300,266.37
e. Excess Spread: $8,371,798.68
2. Class B Available Funds: $1,325,447.72
a. Class B Monthly Interest: $207,966.67
b. Class B Outstanding Monthly Interest: $0.00
c. Class B Additional Interest: $0.00
d. Excess Spread: $1,117,481.06
3. Collateral Available Funds: $1,573,969.17
a. Excess Spread: $1,573,969.17
4. Total Excess Spread: $11,063,248.91
K. Reallocated Principal Collections.
1. Principal Allocation Percentage: 87.9271%
2. Series 2000-3 Allocable Principal
Collections: $284,394,728.79
3. Principal Allocation Percentage of
Series 2000-3 Allocable Principal
Collections: $250,060,066.16
4. Reallocated Principal Collections
Required to fund the Required Amount: $0.00
5. Item 3 minus item 4: $250,060,066.16
6. Shared Principal Collections from other
Series allocated to Series 2000-3: N/A
7. Other amounts Treated as Available Principal
Collections: $4,000,322.88
8. Available Principal Collections
(total of 5., 6. & 7.): $254,060,389.03
L. Application of Available Principal Collections during
Revolving Period.
1. Collateral Invested Amount: $95,000,000.00
2. Required Collateral Invested Amount: $95,000,000.00
3. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: $0.00
4. Treated as Shared Principal Collections: $254,060,389.03
- 19 -
<PAGE>
M. Application of Principal Collections During Accumulation or
Amortization
Period.
1. Principal Funding Account: N/A
2. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: N/A
3. Principal Distribution: N/A
4. Treated as Shared Principal Collections: N/A
N. Application of Excess Spread and Excess Finance Charge
Collections
Allocated to Series 2000-3
1. Excess Spread: $11,063,248.91
2. Excess Finance Charge Collections: $0.00
3. Applied to fund Class A Required Amount: $0.00
4. Class A Investor Charge-Offs treated
as Available Principal Collections: $0.00
5. Applied to fund Class B overdue Interest: $0.00
6. Applied to fund Class B Required Amount: $320,025.83
7. Reduction of Class B Invested Amount
treated as Available Principal Collections: $0.00
8. Applied to Collateral Monthly Interest: $260,418.75
9. Applied to unpaid Monthly Servicing Fee: $1,666,666.67
10. Collateral Default Amount treated as
Available Principal Collections: $380,030.67
11. Reduction of Collateral Invested Amount
treated as Available Principal Collections: $0.00
12. Deposited to Reserve Account: $0.00
13. Applied to other amounts owed to
Collateral Interest Holder: $0.00
l4. Balance: $8,436,106.99
O. Yield and Base Rate
1. Base Rate
a. Current Monthly Period 4.4355%
b. Prior Monthly Period 4.3673%
c. Second Prior Monthly Period 4.0687%
2. Three Month Average Base Rate 4.2905%
3. Series Adjusted Portfolio Yield
a. Current Monthly Period 14.7975%
b. Prior Monthly Period 14.6332%
c. Second Prior Monthly Period 14.7862%
4. Three Month Average Series Adjusted Portfolio Yield
14.7390%
- 20 -
<PAGE>
<TABLE>
<CAPTION>
V. Series 2000-4 Certificates
------------------------------------------------------------------------------------------------------------------------------------
Series Total Investor Transferors
A. Investor/Transferor Allocations Allocations Interest
Interest
---------------------------------- ----------- -------------
-----------
<S> <C> <C> <C> <C>
Beginning Invested /Transferor Amount 1,378,553,212.24
1,212,122,000.00 166,431,212.24
Beginning Adjusted Invested Amount N/A 1,212,122,000.00 N/A
Floating Allocation Percentage N/A 87.9271% 12.0729%
Principal Allocation Percentage N/A 87.9271% 12.0729%
Collections of Finance Chg. Receivables 22,793,898.68
20,042,016.38 2,751,882.30
Collections of Principal Receivables 344,721,107.46
303,103,307.51 41,617,799.94
Defaulted Amount 5,514,657.95 4,848,879.37 665,778.59
Ending Invested / Transferor Amounts 1,438,285,701.07
1,212,122,000.00 226,163,701.07
------------------------------------------------------------------------------------------------------------------------------------
Collateral
B. Monthly Period Funding Requirements Class A Class B Interest
Total
-------------------------------------- ------- -------
---------- -----
Principal Funding Account 0.00 0.00 0.00 0.00
Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00
Reserve Draw Amount 0.00 0.00 0.00 0.00
Available Reserve Account Amount 0.00 0.00 0.00 0.00
Reserve Account Surplus 0.00 0.00 0.00 0.00
Coupon December 15, 2004 to January 17, 2005 2.6150% 2.8400%
2.9025%
Monthly Interest Due 2,469,722.22 260,095.09 315,660.42
3,045,477.73
Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00
Additional Interest Due 0.00 0.00 0.00 0.00
Total Interest Due 2,469,722.22 260,095.09 315,660.42
3,045,477.73
Investor Default Amount 4,000,322.88 387,911.31 460,645.18
4,848,879.37
Investor Monthly Fees Due 1,666,666.67 161,616.67 191,920.00
2,020,203.33
Investor Additional Amounts Due
Total Due 8,136,711.77 809,623.06 968,225.60 9,914,560.43
Reallocated Investor Finance Charge Collections
20,129,741.60
Interest and Principal Funding Investment Proceeds 0.00
Interest on Reserve Account 0.00
Series Adjusted Portfolio Yield 14.8434%
Base Rate 4.4865%
Excess Spread Percentage 10.1130%
------------------------------------------------------------------------------------------------------------------------------------
Collateral
C. Certificates - Balances and Distributions Class A Class B
Interest Total
-------------------------------------------- ------- -------
---------- -----
Beginning Certificates Balance 1,000,000,000.00 96,970,000.00
115,152,000.00 1,212,122,000.00
Interest Distributions 2,469,722.22 260,095.09 315,660.42
3,045,477.73
Interest Deposits - Interest Funding Account (2,469,722.22)
(260,095.09) 0.00 (2,729,817.31)
Interest Funding Account Distributions 0.00 0.00 0.00 0.00
Principal Deposits - Prin. Funding Account 0.00 0.00 0.00
0.00
Principal Distributions 0.00 0.00 0.00 0.00
Total Distributions 0.00 0.00 315,660.42 315,660.42
Ending Interest Funding Account Balance 2,469,722.22 260,095.09
0.00 2,729,817.31
Ending Certificates Balance 1,000,000,000.00 96,970,000.00
115,152,000.00 1,212,122,000.00
</TABLE>
- 21 -
<PAGE>
D. Information regarding distributions on the Distribution Date
in respect
of the Class A Certificates per $1,000 original certificate
principal amount.
1. Total amount of the distribution: $2.47
2. Amount of the distribution in
respect of Class A Monthly Interest: $2.47
3. Amount of the distribution in
respect of Class A Outstanding
Monthly Interest: $0.00
4. Amount of the distribution in
respect of Class A Additional Interest: $0.00
5. Amount of the distribution in
respect of Class A Principal: $0.00
E. Class A Investor Charge-Offs and Reimbursement of Class A
Investor
Charge-Offs on such Distribution Date.
1. Total amount of Class A Investor Charge-Offs: $0.00
2. Amount of Class A Investor Charge-
Offs per $1,000 original certificate
principal amount: $0.00
3. Total amount reimbursed in respect of
Class A Investor Charge-Offs: $0.00
4. Amount reimbursed in respect of Class
A Investor Charge-Offs per $1,000
original certificate principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the Class
A Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
F. Information regarding distributions in respect of the Class
B
Certificates, per $1,000 original certificate principal
amount.
1. The total amount of the distribution: $2.68
2. Amount of the distribution in
respect of class B monthly interest: $2.68
3. Amount of the distribution in
respect of class B outstanding monthly
interest: $0.00
4. Amount of the distribution in
respect of class B additional interest: $0.00
5. Amount of the distribution in
respect of class B principal: $0.00
- 22 -
<PAGE>
G. Amount of reductions in Class B Invested Amount pursuant to
clauses (c),
(d), and (e) of the definition of Class B Invested Amount on
such
Distribution Date.
1. The amount of reductions in Class B
Invested Amount pursuant to clauses
c), (d), and (e) of the definition
of Class B Invested Amount: $0.00
2. The amount of reductions in the
Class B Invested Amount set forth in
paragraph 1 above, per $1,000 original
certificate principal amount: $0.00
3. The total amount reimbursed in respect
of such reductions in the Class B
Invested Amount: $0.00
4. The amount set forth in paragraph 3
above, per $1,000 original certificate
principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
H. Information regarding distributions on the Distribution Date
to the
Collateral Interest Holder.
1. Total amount distributed to the Collateral
Interest Holder: $315,660.42
2. Amount distributed in respect of Collateral
Monthly Interest: $315,660.42
3. Amount distributed in respect of Collateral
Additional Interest: $0.00
4. The amount distributed to the Collateral
Interest Holder in respect of principal
on the Collateral Invested Amount: $0.00
I. Amount of reductions in Collateral Invested Amount pursuant
to clauses
(c), (d), and (e) of the definition of Collateral Invested
Amount.
1. The amount of reductions in the
Collateral Invested Amount pursuant
to clauses (c), (d), and (e) of the
definition of Collateral Invested Amount: $0.00
2. The total amount reimbursed in respect
of such reductions in the Collateral
Invested Amount: $0.00
- 23 -
<PAGE>
J. Application of Reallocated Investor Finance Charge
Collections.
1. Class A Available Funds
(Includes Int. Income from IFA): $16,607,026.02
a. Class A Monthly Interest: $2,469,722.22
b. Class A Outstanding Monthly Interest: $0.00
c. Class A Additional Interest: $0.00
d. Class A Investor Default Amount
(Treated as Available Principal Collections): $4,000,322.88
e. Excess Spread: $10,136,980.93
2. Class B Available Funds: $1,610,383.31
a. Class B Monthly Interest: $260,095.09
b. Class B Outstanding Monthly Interest: $0.00
c. Class B Additional Interest: $0.00
d. Excess Spread: $1,350,288.22
3. Collateral Available Funds: $1,912,332.26
a. Excess Spread: $1,912,332.26
4. Total Excess Spread: $13,399,601.41
K. Reallocated Principal Collections.
1. Principal Allocation Percentage: 87.9271%
2. Series 2000-4 Allocable Principal
Collections: $344,721,107.46
3. Principal Allocation Percentage of
Series 2000-4 Allocable Principal
Collections: $303,103,307.51
4. Reallocated Principal Collections
Required to fund the Required Amount: $0.00
5. Item 3 minus item 4: $303,103,307.51
6. Shared Principal Collections from other
Series allocated to Series 2000-4: N/A
7. Other amounts Treated as Available Principal
Collections: $4,848,879.37
8. Available Principal Collections
(total of 5., 6. & 7.): $307,952,186.88
L. Application of Available Principal Collections during
Revolving Period.
1. Collateral Invested Amount: $115,152,000.00
2. Required Collateral Invested Amount: $115,152,000.00
3. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: $0.00
4. Treated as Shared Principal Collections: $307,952,186.88
- 24 -
<PAGE>
M. Application of Principal Collections During Accumulation or
Amortization
Period.
1. Principal Funding Account: N/A
2. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: N/A
3. Principal Distribution: N/A
4. Treated as Shared Principal Collections: N/A
N. Application of Excess Spread and Excess Finance Charge
Collections
Allocated to Series 2000-4
1. Excess Spread: $13,399,601.41
2. Excess Finance Charge Collections: $0.00
3. Applied to fund Class A Required Amount: $0.00
4. Class A Investor Charge-Offs treated
as Available Principal Collections: $0.00
5. Applied to fund Class B overdue Interest: $0.00
6. Applied to fund Class B Required Amount: $387,911.31
7. Reduction of Class B Invested Amount
treated as Available Principal Collections: $0.00
8. Applied to Collateral Monthly Interest: $315,660.42
9. Applied to unpaid Monthly Servicing Fee: $2,020,203.33
10. Collateral Default Amount treated as
Available Principal Collections: $460,645.18
11. Reduction of Collateral Invested Amount
treated as Available Principal Collections: $0.00
12. Deposited to Reserve Account: $0.00
13. Applied to other amounts owed to
Collateral Interest Holder: $0.00
l4. Balance: $10,215,181.17
O. Yield and Base Rate
1. Base Rate
a. Current Monthly Period 4.4865%
b. Prior Monthly Period 4.1362%
c. Second Prior Monthly Period 4.0486%
2. Three Month Average Base Rate 4.2238%
3. Series Adjusted Portfolio Yield
a. Current Monthly Period 14.8434%
b. Prior Monthly Period 14.4085%
c. Second Prior Monthly Period 14.7679%
4. Three Month Average Series Adjusted Portfolio Yield
14.6733%
- 25 -
<PAGE>
<TABLE>
<CAPTION>
VI. Series 2000-5 Certificates
------------------------------------------------------------------------------------------------------------------------------------
Series Total Investor Transferors
A. Investor/Transferor Allocations Allocations Interest
Interest
---------------------------------- ----------- --------------
-----------
<S> <C> <C> <C> <C>
Beginning Invested /Transferor Amount 896,058,109.46
787,878,000.00 108,180,109.46
Beginning Adjusted Invested Amount N/A 787,878,000.00 N/A
Floating Allocation Percentage N/A 87.9271% 12.0729%
Principal Allocation Percentage N/A 87.9271% 12.0729%
Collections of Finance Chg. Receivables 14,816,009.70
13,027,289.15 1,788,720.55
Collections of Principal Receivables 224,068,350.13
197,016,824.80 27,051,525.33
Defaulted Amount 3,584,521.75 3,151,766.39 432,755.37
Ending Invested / Transferor Amounts 934,884,163.14
787,878,000.00 147,006,163.14
------------------------------------------------------------------------------------------------------------------------------------
Collateral
B. Monthly Period Funding Requirements Class A Class B Interest
Total
-------------------------------------- ------- -------
---------- -----
Principal Funding Account 0.00 0.00 0.00 0.00
Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00
Reserve Draw Amount 0.00 0.00 0.00 0.00
Available Reserve Account Amount 0.00 0.00 0.00 0.00
Reserve Account Surplus 0.00 0.00 0.00 0.00
Coupon December 15, 2004 to January 17, 2005 2.5425% 2.7825%
2.9025%
Monthly Interest Due 1,560,812.50 165,637.59 205,177.08
1,931,627.17
Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00
Additional Interest Due 0.00 0.00 0.00 0.00
Total Interest Due 1,560,812.50 165,637.59 205,177.08
1,931,627.17
Investor Default Amount 2,600,209.87 252,140.35 299,416.17
3,151,766.39
Investor Monthly Fees Due 1,083,333.33 105,050.00 124,746.67
1,313,130.00
Investor Additional Amounts Due
Total Due 5,244,355.70 522,827.94 629,339.91 6,396,523.56
Reallocated Investor Finance Charge Collections
13,036,380.36
Interest and Principal Funding Investment Proceeds 0.00
Interest on Reserve Account 0.00
Series Adjusted Portfolio Yield 14.7718%
Base Rate 4.4212%
Excess Spread Percentage 10.1130%
------------------------------------------------------------------------------------------------------------------------------------
Collateral
C. Certificates - Balances and Distributions Class A Class B
Interest Total
-------------------------------------------- ------- -------
---------- -----
Beginning Certificates Balance 650,000,000.00 63,030,000.00
74,848,000.00 787,878,000.00
Interest Distributions 1,560,812.50 165,637.59 205,177.08
1,931,627.17
Principal Deposits - Prin. Funding Account 0.00 0.00 0.00
0.00
Principal Distributions 0.00 0.00 0.00 0.00
Total Distributions 1,560,812.50 165,637.59 205,177.08
1,931,627.17
Ending Certificates Balance 650,000,000.00 63,030,000.00
74,848,000.00 787,878,000.00
</TABLE>
- 26 -
<PAGE>
D. Information regarding distributions on the Distribution Date
in respect
of the Class A Certificates per $1,000 original certificate
principal amount.
1. Total amount of the distribution: $2.40
2. Amount of the distribution in
respect of Class A Monthly Interest: $2.40
3. Amount of the distribution in
respect of Class A Outstanding
Monthly Interest: $0.00
4. Amount of the distribution in
respect of Class A Additional Interest: $0.00
5. Amount of the distribution in
respect of Class A Principal: $0.00
E. Class A Investor Charge-Offs and Reimbursement of Class A
Investor
Charge-Offs on such Distribution Date.
1. Total amount of Class A Investor Charge-Offs: $0.00
2. Amount of Class A Investor Charge-
Offs per $1,000 original certificate
principal amount: $0.00
3. Total amount reimbursed in respect of
Class A Investor Charge-Offs: $0.00
4. Amount reimbursed in respect of Class
A Investor Charge-Offs per $1,000
original certificate principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the Class
A Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
F. Information regarding distributions in respect of the Class
B
Certificates, per $1,000 original certificate principal
amount.
1. The total amount of the distribution: $2.63
2. Amount of the distribution in
respect of class B monthly interest: $2.63
3. Amount of the distribution in
respect of class B outstanding monthly
interest: $0.00
4. Amount of the distribution in
respect of class B additional interest: $0.00
5. Amount of the distribution in
respect of class B principal: $0.00
- 27 -
<PAGE>
G. Amount of reductions in Class B Invested Amount pursuant to
clauses (c),
(d), and (e) of the definition of Class B Invested Amount on
such
Distribution Date.
1. The amount of reductions in Class B
Invested Amount pursuant to clauses
c), (d), and (e) of the definition
of Class B Invested Amount: $0.00
2. The amount of reductions in the
Class B Invested Amount set forth in
paragraph 1 above, per $1,000 original
certificate principal amount: $0.00
3. The total amount reimbursed in respect
of such reductions in the Class B
Invested Amount: $0.00
4. The amount set forth in paragraph 3
above, per $1,000 original certificate
principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
H. Information regarding distributions on the Distribution Date
to the
Collateral Interest Holder.
1. Total amount distributed to the Collateral
Interest Holder: $205,177.08
2. Amount distributed in respect of Collateral
Monthly Interest: $205,177.08
3. Amount distributed in respect of Collateral
Additional Interest: $0.00
4. The amount distributed to the Collateral
Interest Holder in respect of principal
on the Collateral Invested Amount: $0.00
I. Amount of reductions in Collateral Invested Amount pursuant
to clauses
(c), (d), and (e) of the definition of Collateral Invested
Amount.
1. The amount of reductions in the
Collateral Invested Amount pursuant
to clauses (c), (d), and (e) of the
definition of Collateral Invested Amount: $0.00
2. The total amount reimbursed in respect
of such reductions in the Collateral
Invested Amount: $0.00
- 28 -
<PAGE>
J. Application of Reallocated Investor Finance Charge
Collections.
1. Class A Available Funds: $10,755,024.55
a. Class A Monthly Interest: $1,560,812.50
b. Class A Outstanding Monthly Interest: $0.00
c. Class A Additional Interest: $0.00
d. Class A Investor Default Amount
(Treated as Available Principal Collections): $2,600,209.87
e. Excess Spread: $6,594,002.18
2. Class B Available Funds: $1,042,906.46
a. Class B Monthly Interest: $165,637.59
b. Class B Outstanding Monthly Interest: $0.00
c. Class B Additional Interest: $0.00
d. Excess Spread: $877,268.87
3. Collateral Available Funds: $1,238,449.35
a. Excess Spread: $1,238,449.35
4. Total Excess Spread: $8,709,720.40
K. Reallocated Principal Collections.
1. Principal Allocation Percentage: 87.9271%
2. Series 2000-5 Allocable Principal
Collections: $224,068,350.13
3. Principal Allocation Percentage of
Series 2000-5 Allocable Principal
Collections: $197,016,824.80
4. Reallocated Principal Collections
Required to fund the Required Amount: $0.00
5. Item 3 minus item 4: $197,016,824.80
6. Shared Principal Collections from other
Series allocated to Series 2000-5: N/A
7. Other amounts Treated as Available Principal
Collections: $3,151,766.39
8. Available Principal Collections
(total of 5., 6. & 7.): $200,168,591.19
L. Application of Available Principal Collections during
Revolving Period.
1. Collateral Invested Amount: $74,848,000.00
2. Required Collateral Invested Amount: $74,848,000.00
3. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: $0.00
4. Treated as Shared Principal Collections: $200,168,591.19
- 29 -
<PAGE>
M. Application of Principal Collections During Accumulation or
Amortization
Period.
1. Principal Funding Account: N/A
2. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: N/A
3. Principal Distribution: N/A
4. Treated as Shared Principal Collections: N/A
N. Application of Excess Spread and Excess Finance Charge
Collections
Allocated to Series 2000-5
1. Excess Spread: $8,709,720.40
2. Excess Finance Charge Collections: $0.00
3. Applied to fund Class A Required Amount: $0.00
4. Class A Investor Charge-Offs treated
as Available Principal Collections: $0.00
5. Applied to fund Class B overdue Interest: $0.00
6. Applied to fund Class B Required Amount: $252,140.35
7. Reduction of Class B Invested Amount
treated as Available Principal Collections: $0.00
8. Applied to Collateral Monthly Interest: $205,177.08
9. Applied to unpaid Monthly Servicing Fee: $1,313,130.00
10. Collateral Default Amount treated as
Available Principal Collections: $299,416.17
11. Reduction of Collateral Invested Amount
treated as Available Principal Collections: $0.00
12. Deposited to Reserve Account: $0.00
13. Applied to other amounts owed to
Collateral Interest Holder: $0.00
l4. Balance: $6,639,856.80
O. Yield and Base Rate
1. Base Rate
a. Current Monthly Period 4.4212%
b. Prior Monthly Period 4.3530%
c. Second Prior Monthly Period 4.0544%
2. Three Month Average Base Rate 4.2762%
3. Series Adjusted Portfolio Yield
a. Current Monthly Period 14.7717%
b. Prior Monthly Period 14.6189%
c. Second Prior Monthly Period 14.7714%
4. Three Month Average Series Adjusted Portfolio Yield
14.7207%
- 30 -
<PAGE>
<TABLE>
<CAPTION>
VII. Series 2001-1 Certificates
------------------------------------------------------------------------------------------------------------------------------------
Series Total Investor Transferors
A. Investor/Transferor Allocations Allocations Interest
Interest
---------------------------------- ----------- --------------
-----------
<S> <C> <C> <C> <C>
Beginning Invested /Transferor Amount 852,979,245.64
750,000,000.00 102,979,245.64
Beginning Adjusted Invested Amount N/A 750,000,000.00 N/A
Floating Allocation Percentage N/A 87.9271% 12.0729%
Principal Allocation Percentage N/A 87.9271% 12.0729%
Collections of Finance Chg. Receivables 14,103,715.64
12,400,989.57 1,702,726.07
Collections of Principal Receivables 213,296,046.60
187,545,049.62 25,750,996.98
Defaulted Amount 3,412,192.39 3,000,242.16 411,950.23
Ending Invested / Transferor Amounts 889,938,699.08
750,000,000.00 139,938,699.08
------------------------------------------------------------------------------------------------------------------------------------
Collateral
B. Monthly Period Funding Requirements Class A Class B Interest
Total
-------------------------------------- ------- -------
---------- -----
Principal Funding Account 0.00 0.00 0.00 0.00
Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00
Reserve Draw Amount 0.00 0.00 0.00 0.00
Available Reserve Account Amount 0.00 0.00 0.00 0.00
Reserve Account Surplus 0.00 0.00 0.00 0.00
Coupon December 15, 2004 to January 17, 2005 2.5425% 2.8225%
2.9025%
Monthly Interest Due 1,485,773.44 159,941.67 195,314.06
1,841,029.17
Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00
Additional Interest Due 0.00 0.00 0.00 0.00
Total Interest Due 1,485,773.44 159,941.67 195,314.06
1,841,029.17
Investor Default Amount 2,475,199.78 240,019.37 285,023.00
3,000,242.16
Investor Monthly Fees Due 1,031,250.00 100,000.00 118,750.00
1,250,000.00
Investor Additional Amounts Due
Total Due 4,992,223.22 499,961.04 599,087.07 6,091,271.32
Reallocated Investor Finance Charge Collections
12,411,910.56
Interest and Principal Funding Investment Proceeds 0.00
Interest on Reserve Account 0.00
Series Adjusted Portfolio Yield 14.7753%
Base Rate 4.4244%
Excess Spread Percentage 10.1130%
------------------------------------------------------------------------------------------------------------------------------------
Collateral
C. Certificates - Balances and Distributions Class A Class B
Interest Total
-------------------------------------------- ------- -------
---------- -----
Beginning Certificates Balance 618,750,000.00 60,000,000.00
71,250,000.00 750,000,000.00
Interest Distributions 1,485,773.44 159,941.67 195,314.06
1,841,029.17
Principal Deposits - Prin. Funding Account 0.00 0.00 0.00
0.00
Principal Distributions 0.00 0.00 0.00 0.00
Total Distributions 1,485,773.44 159,941.67 195,314.06
1,841,029.17
Ending Certificates Balance 618,750,000.00 60,000,000.00
71,250,000.00 750,000,000.00
</TABLE>
- 31 -
<PAGE>
D. Information regarding distributions on the Distribution Date
in respect
of the Class A Certificates per $1,000 original certificate
principal amount.
1. Total amount of the distribution: $2.40
2. Amount of the distribution in
respect of Class A Monthly Interest: $2.40
3. Amount of the distribution in
respect of Class A Outstanding
Monthly Interest: $0.00
4. Amount of the distribution in
respect of Class A Additional Interest: $0.00
5. Amount of the distribution in
respect of Class A Principal: $0.00
E. Class A Investor Charge-Offs and Reimbursement of Class A
Investor
Charge-Offs on such Distribution Date.
1. Total amount of Class A Investor Charge-Offs: $0.00
2. Amount of Class A Investor Charge-
Offs per $1,000 original certificate
principal amount: $0.00
3. Total amount reimbursed in respect of
Class A Investor Charge-Offs: $0.00
4. Amount reimbursed in respect of Class
A Investor Charge-Offs per $1,000
original certificate principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the Class
A Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
F. Information regarding distributions in respect of the Class
B
Certificates, per $1,000 original certificate principal
amount.
1. The total amount of the distribution: $2.67
2. Amount of the distribution in
respect of class B monthly interest: $2.67
3. Amount of the distribution in
respect of class B outstanding monthly
interest: $0.00
4. Amount of the distribution in
respect of class B additional interest: $0.00
5. Amount of the distribution in
respect of class B principal: $0.00
- 32 -
<PAGE>
G. Amount of reductions in Class B Invested Amount pursuant to
clauses (c),
(d), and (e) of the definition of Class B Invested Amount on
such
Distribution Date.
1. The amount of reductions in Class B
Invested Amount pursuant to clauses
c), (d), and (e) of the definition
of Class B Invested Amount: $0.00
2. The amount of reductions in the
Class B Invested Amount set forth in
paragraph 1 above, per $1,000 original
certificate principal amount: $0.00
3. The total amount reimbursed in respect
of such reductions in the Class B
Invested Amount: $0.00
4. The amount set forth in paragraph 3
above, per $1,000 original certificate
principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
H. Information regarding distributions on the Distribution Date
to the
Collateral Interest Holder.
1. Total amount distributed to the Collateral
Interest Holder: $195,314.06
2. Amount distributed in respect of Collateral
Monthly Interest: $195,314.06
3. Amount distributed in respect of Collateral
Additional Interest: $0.00
4. The amount distributed to the Collateral
Interest Holder in respect of principal
on the Collateral Invested Amount: $0.00
I. Amount of reductions in Collateral Invested Amount pursuant
to clauses
(c), (d), and (e) of the definition of Collateral Invested
Amount.
1. The amount of reductions in the
Collateral Invested Amount pursuant
to clauses (c), (d), and (e) of the
definition of Collateral Invested Amount: $0.00
2. The total amount reimbursed in respect
of such reductions in the Collateral
Invested Amount: $0.00
- 33 -
<PAGE>
J. Application of Reallocated Investor Finance Charge
Collections.
1. Class A Available Funds: $10,239,826.21
a. Class A Monthly Interest: $1,485,773.44
b. Class A Outstanding Monthly Interest: $0.00
c. Class A Additional Interest: $0.00
d. Class A Investor Default Amount
(Treated as Available Principal Collections): $2,475,199.78
e. Excess Spread: $6,278,853.00
2. Class B Available Funds: $992,952.85
a. Class B Monthly Interest: $159,941.67
b. Class B Outstanding Monthly Interest: $0.00
c. Class B Additional Interest: $0.00
d. Excess Spread: $833,011.18
3. Collateral Available Funds: $1,179,131.50
a. Excess Spread: $1,179,131.50
4. Total Excess Spread: $8,290,995.68
K. Reallocated Principal Collections.
1. Principal Allocation Percentage: 87.9271%
2. Series 2001-1 Allocable Principal
Collections: $213,296,046.60
3. Principal Allocation Percentage of
Series 2001-1 Allocable Principal
Collections: $187,545,049.62
4. Reallocated Principal Collections
Required to fund the Required Amount: $0.00
5. Item 3 minus item 4: $187,545,049.62
6. Shared Principal Collections from other
Series allocated to Series 2001-1: N/A
7. Other amounts Treated as Available Principal
Collections: $3,000,242.16
8. Available Principal Collections
(total of 5., 6. & 7.): $190,545,291.78
L. Application of Available Principal Collections during
Revolving Period.
1. Collateral Invested Amount: $71,250,000.00
2. Required Collateral Invested Amount: $71,250,000.00
3. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: $0.00
4. Treated as Shared Principal Collections: $190,545,291.78
- 34 -
<PAGE>
M. Application of Principal Collections During Accumulation or
Amortization
Period.
1. Principal Funding Account: N/A
2. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: N/A
3. Principal Distribution: N/A
4. Treated as Shared Principal Collections: N/A
N. Application of Excess Spread and Excess Finance Charge
Collections
Allocated to Series 2001-1
1. Excess Spread: $8,290,995.68
2. Excess Finance Charge Collections: $0.00
3. Applied to fund Class A Required Amount: $0.00
4. Class A Investor Charge-Offs treated
as Available Principal Collections: $0.00
5. Applied to fund Class B overdue Interest: $0.00
6. Applied to fund Class B Required Amount: $240,019.37
7. Reduction of Class B Invested Amount
treated as Available Principal Collections: $0.00
8. Applied to Collateral Monthly Interest: $195,314.06
9. Applied to unpaid Monthly Servicing Fee: $1,250,000.00
10. Collateral Default Amount treated as
Available Principal Collections: $285,023.00
11. Reduction of Collateral Invested Amount
treated as Available Principal Collections: $0.00
12. Deposited to Reserve Account: $0.00
13. Applied to other amounts owed to
Collateral Interest Holder: $0.00
l4. Balance: $6,320,639.24
O. Yield and Base Rate
1. Base Rate
a. Current Monthly Period 4.4244%
b. Prior Monthly Period 4.3563%
c. Second Prior Monthly Period 4.0577%
2. Three Month Average Base Rate 4.2795%
3. Series Adjusted Portfolio Yield
a. Current Monthly Period 14.7753%
b. Prior Monthly Period 14.6221%
c. Second Prior Monthly Period 14.7748%
4. Three Month Average Series Adjusted Portfolio Yield
14.7241%
- 35 -
<PAGE>
<TABLE>
<CAPTION>
VIII. Series 2001-2 Certificates
------------------------------------------------------------------------------------------------------------------------------------
Series Total Investor Transferors
A. Investor/Transferor Allocations Allocations Interest
Interest
---------------------------------- ----------- --------------
-----------
<S> <C> <C> <C> <C>
Beginning Invested /Transferor Amount 284,326,415.21
250,000,000.00 34,326,415.21
Beginning Adjusted Invested Amount N/A 250,000,000.00 N/A
Floating Allocation Percentage N/A 87.9271% 12.0729%
Principal Allocation Percentage N/A 87.9271% 12.0729%
Collections of Finance Chg. Receivables 4,701,238.55
4,133,663.19 567,575.36
Collections of Principal Receivables 71,098,682.20 62,515,016.54
8,583,665.66
Defaulted Amount 1,137,397.46 1,000,080.72 137,316.74
Ending Invested / Transferor Amounts 296,646,233.03
250,000,000.00 46,646,233.03
------------------------------------------------------------------------------------------------------------------------------------
Collateral
B. Monthly Period Funding Requirements Class A Class B Interest
Total
-------------------------------------- ------- -------
---------- -----
Principal Funding Account 0.00 0.00 0.00 0.00
Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00
Reserve Draw Amount 0.00 0.00 0.00 0.00
Available Reserve Account Amount 0.00 0.00 0.00 0.00
Reserve Account Surplus 0.00 0.00 0.00 0.00
Coupon December 15, 2004 to January 17, 2005 5.5300% 5.8300%
3.2525%
Monthly Interest Due 996,552.08 72,875.00 57,596.35
1,127,023.44
Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00
Additional Interest Due 0.00 0.00 0.00 0.00
Total Interest Due 996,552.08 72,875.00 57,596.35
1,127,023.44
Investor Default Amount 865,069.82 60,004.84 75,006.05
1,000,080.72
Investor Monthly Fees Due 360,416.67 25,000.00 31,250.00
416,666.67
Investor Additional Amounts Due
Total Due 2,222,038.57 157,879.84 163,852.41 2,543,770.82
Reallocated Investor Finance Charge Collections 4,372,477.38
Interest and Principal Funding Investment Proceeds 0.00
Interest on Reserve Account 0.00
Series Adjusted Portfolio Yield 15.8829%
Base Rate 6.6288%
Excess Spread Percentage 8.7778%
------------------------------------------------------------------------------------------------------------------------------------
Collateral
C. Certificates - Balances and Distributions Class A Class B
Interest Total
-------------------------------------------- ------- -------
---------- -----
Beginning Certificates Balance 216,250,000.00 15,000,000.00
18,750,000.00 250,000,000.00
Interest Distributions 996,552.08 72,875.00 57,596.35
1,127,023.44
Principal Deposits - Prin. Funding Account 0.00 0.00 0.00
0.00
Principal Distributions 0.00 0.00 0.00 0.00
Total Distributions 996,552.08 72,875.00 57,596.35
1,127,023.44
Ending Certificates Balance 216,250,000.00 15,000,000.00
18,750,000.00 250,000,000.00
</TABLE>
- 36 -
<PAGE>
D. Information regarding distributions on the Distribution Date
in respect
of the Class A Certificates per $1,000 original certificate
principal amount.
1. Total amount of the distribution: $4.61
2. Amount of the distribution in
respect of Class A Monthly Interest: $4.61
3. Amount of the distribution in
respect of Class A Outstanding
Monthly Interest: $0.00
4. Amount of the distribution in respect of
Class A Additional Interest: $0.00
5. Amount of the distribution in
respect of Class A Principal: $0.00
E. Class A Investor Charge-Offs and Reimbursement of Class A
Investor
Charge-Offs on such Distribution Date.
1. Total amount of Class A Investor Charge-Offs: $0.00
2. Amount of Class A Investor Charge-
Offs per $1,000 original certificate
principal amount: $0.00
3. Total amount reimbursed in respect of
Class A Investor Charge-Offs: $0.00
4. Amount reimbursed in respect of Class
A Investor Charge-Offs per $1,000
original certificate principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the Class
A Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
F. Information regarding distributions in respect of the Class
B
Certificates, per $1,000 original certificate principal
amount.
1. The total amount of the distribution: $4.86
2. Amount of the distribution in
respect of class B monthly interest: $4.86
3. Amount of the distribution in
respect of class B outstanding monthly
interest: $0.00
4. Amount of the distribution in
respect of class B additional interest: $0.00
5. Amount of the distribution in
respect of class B principal: $0.00
- 37 -
<PAGE>
G. Amount of reductions in Class B Invested Amount pursuant to
clauses (c),
(d), and (e) of the definition of Class B Invested Amount on
such
Distribution Date.
1. The amount of reductions in Class B
Invested Amount pursuant to clauses
c), (d), and (e) of the definition
of Class B Invested Amount: $0.00
2. The amount of reductions in the
Class B Invested Amount set forth in
paragraph 1 above, per $1,000 original
certificate principal amount: $0.00
3. The total amount reimbursed in respect
of such reductions in the Class B
Invested Amount: $0.00
4. The amount set forth in paragraph 3
above, per $1,000 original certificate
principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
H. Information regarding distributions on the Distribution Date
to the
Collateral Interest Holder.
1. Total amount distributed to the Collateral
Interest Holder: $57,596.35
2. Amount distributed in respect of Collateral
Monthly Interest: $57,596.35
3. Amount distributed in respect of Collateral
Additional Interest: $0.00
4. The amount distributed to the Collateral
Interest Holder in respect of principal
on the Collateral Invested Amount: $0.00
I. Amount of reductions in Collateral Invested Amount pursuant
to clauses
(c), (d), and (e) of the definition of Collateral Invested
Amount.
1. The amount of reductions in the
Collateral Invested Amount pursuant
to clauses (c), (d), and (e) of the
definition of Collateral Invested Amount: $0.00
2. The total amount reimbursed in respect
of such reductions in the Collateral
Invested Amount: $0.00
- 38 -
<PAGE>
J. Application of Reallocated Investor Finance Charge
Collections.
1. Class A Available Funds: $3,782,192.94
a. Class A Monthly Interest: $996,552.08
b. Class A Outstanding Monthly Interest: $0.00
c. Class A Additional Interest: $0.00
d. Class A Investor Default Amount
(Treated as Available Principal Collections): $865,069.82
e. Excess Spread: $1,920,571.03
2. Class B Available Funds: $262,348.64
a. Class B Monthly Interest: $72,875.00
b. Class B Outstanding Monthly Interest: $0.00
c. Class B Additional Interest: $0.00
d. Excess Spread: $189,473.64
3. Collateral Available Funds: $327,935.80
a. Excess Spread: $327,935.80
4. Total Excess Spread: $2,437,980.48
K. Reallocated Principal Collections.
1. Principal Allocation Percentage: 87.9271%
2. Series 2001-2 Allocable Principal
Collections: $71,098,682.20
3. Principal Allocation Percentage of
Series 2001-2 Allocable Principal
Collections: $62,515,016.54
4. Reallocated Principal Collections
Required to fund the Required Amount: $0.00
5. Item 3 minus item 4: $62,515,016.54
6. Shared Principal Collections from other
Series allocated to Series 2001-2: N/A
7. Other amounts Treated as Available Principal
Collections: $1,000,080.72
8. Available Principal Collections
(total of 5., 6. & 7.): $63,515,097.26
L. Application of Available Principal Collections during
Revolving Period.
1. Collateral Invested Amount: $18,750,000.00
2. Required Collateral Invested Amount: $18,750,000.00
3. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: $0.00
4. Treated as Shared Principal Collections: $63,515,097.26
- 39 -
<PAGE>
M. Application of Principal Collections During Accumulation or
Amortization
Period.
1. Principal Funding Account: N/A
2. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: N/A
3. Principal Distribution: N/A
4. Treated as Shared Principal Collections: N/A
N. Application of Excess Spread and Excess Finance Charge
Collections
Allocated to Series 2001-2
1. Excess Spread: $2,437,980.48
2. Excess Finance Charge Collections: $0.00
3. Applied to fund Class A Required Amount: $0.00
4. Class A Investor Charge-Offs treated
as Available Principal Collections: $0.00
5. Applied to fund Class B overdue Interest: $0.00
6. Applied to fund Class B Required Amount: $60,004.84
7. Reduction of Class B Invested Amount
treated as Available Principal Collections: $0.00
8. Applied to Collateral Monthly Interest: $57,596.35
9. Applied to unpaid Monthly Servicing Fee: $416,666.67
10. Collateral Default Amount treated as
Available Principal Collections: $75,006.05
11. Reduction of Collateral Invested Amount
treated as Available Principal Collections: $0.00
12. Deposited to Reserve Account: $0.00
13. Applied to other amounts owed to
Collateral Interest Holder: $0.00
l4. Balance: $1,828,706.56
O. Yield and Base Rate
1. Base Rate
a. Current Monthly Period 6.6288%
b. Prior Monthly Period 7.4566%
c. Second Prior Monthly Period 7.2059%
2. Three Month Average Base Rate 7.0971%
3. Series Adjusted Portfolio Yield
a. Current Monthly Period 15.8829%
b. Prior Monthly Period 15.7501%
c. Second Prior Monthly Period 15.9166%
4. Three Month Average Series Adjusted Portfolio Yield
15.8499%
- 40 -
<PAGE>
<TABLE>
<CAPTION>
IX. Series 2001-3 Certificates
------------------------------------------------------------------------------------------------------------------------------------
Series Total Investor Transferors
A. Investor/Transferor Allocations Allocations Interest
Interest
---------------------------------- ----------- --------------
-----------
<S> <C> <C> <C> <C>
Beginning Invested /Transferor Amount 852,979,245.64
750,000,000.00 102,979,245.64
Beginning Adjusted Invested Amount N/A 750,000,000.00 N/A
Floating Allocation Percentage N/A 87.9271% 12.0729%
Principal Allocation Percentage N/A 87.9271% 12.0729%
Collections of Finance Chg. Receivables 14,103,715.64
12,400,989.57 1,702,726.07
Collections of Principal Receivables 213,296,046.60
187,545,049.62 25,750,996.98
Defaulted Amount 3,412,192.39 3,000,242.16 411,950.23
Ending Invested / Transferor Amounts 889,938,699.08
750,000,000.00 139,938,699.08
------------------------------------------------------------------------------------------------------------------------------------
Collateral
B. Monthly Period Funding Requirements Class A Class B Interest
Total
-------------------------------------- ------- -------
---------- -----
Principal Funding Account 0.00 0.00 0.00 0.00
Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00
Reserve Draw Amount 0.00 0.00 0.00 0.00
Available Reserve Account Amount 0.00 0.00 0.00 0.00
Reserve Account Surplus 0.00 0.00 0.00 0.00
Coupon December 15, 2004 to January 17, 2005 2.5325% 2.7825%
2.9025%
Monthly Interest Due 1,479,929.69 157,675.00 195,314.06
1,832,918.75
Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00
Additional Interest Due 0.00 0.00 0.00 0.00
Total Interest Due 1,479,929.69 157,675.00 195,314.06
1,832,918.75
Investor Default Amount 2,475,199.78 240,019.37 285,023.00
3,000,242.16
Investor Monthly Fees Due 1,031,250.00 100,000.00 118,750.00
1,250,000.00
Investor Additional Amounts Due
Total Due 4,986,379.47 497,694.37 599,087.07 6,083,160.91
Reallocated Investor Finance Charge Collections
12,403,800.15
Interest and Principal Funding Investment Proceeds 0.00
Interest on Reserve Account 0.00
Series Adjusted Portfolio Yield 14.7626%
Base Rate 4.4128%
Excess Spread Percentage 10.1130%
------------------------------------------------------------------------------------------------------------------------------------
Collateral
C. Certificates - Balances and Distributions Class A Class B
Interest Total
-------------------------------------------- ------- -------
--------- ----
Beginning Certificates Balance 618,750,000.00 60,000,000.00
71,250,000.00 750,000,000.00
Interest Distributions 1,479,929.69 157,675.00 195,314.06
1,832,918.75
Principal Deposits - Prin. Funding Account 0.00 0.00 0.00
0.00
Principal Distributions 0.00 0.00 0.00 0.00
Total Distributions 1,479,929.69 157,675.00 195,314.06
1,832,918.75
Ending Certificates Balance 618,750,000.00 60,000,000.00
71,250,000.00 750,000,000.00
</TABLE>
- 41 -
<PAGE>
D. Information regarding distributions on the Distribution Date
in respect
of the Class A Certificates per $1,000 original certificate
principal amount.
1. Total amount of the distribution: $2.39
2. Amount of the distribution in
respect of Class A Monthly Interest: $2.39
3. Amount of the distribution in
respect of Class A Outstanding
Monthly Interest: $0.00
4. Amount of the distribution in
respect of Class A Additional Interest: $0.00
5. Amount of the distribution in
respect of Class A Principal: $0.00
E. Class A Investor Charge-Offs and Reimbursement of Class A
Investor
Charge-Offs on such Distribution Date.
1. Total amount of Class A Investor Charge-Offs: $0.00
2. Amount of Class A Investor Charge-
Offs per $1,000 original certificate
principal amount: $0.00
3. Total amount reimbursed in respect of
Class A Investor Charge-Offs: $0.00
4. Amount reimbursed in respect of Class
A Investor Charge-Offs per $1,000
original certificate principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the Class
A Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
F. Information regarding distributions in respect of the Class
B
Certificates, per $1,000 original certificate principal
amount.
1. The total amount of the distribution: $2.63
2. Amount of the distribution in
respect of class B monthly interest: $2.63
3. Amount of the distribution in
respect of class B outstanding monthly
interest: $0.00
4. Amount of the distribution in
respect of class B additional interest: $0.00
5. Amount of the distribution in
respect of class B principal: $0.00
- 42 -
<PAGE>
G. Amount of reductions in Class B Invested Amount pursuant to
clauses (c),
(d), and (e) of the definition of Class B Invested Amount on
such
Distribution Date.
1. The amount of reductions in Class B
Invested Amount pursuant to clauses
c), (d), and (e) of the definition
of Class B Invested Amount: $0.00
2. The amount of reductions in the
Class B Invested Amount set forth in
paragraph 1 above, per $1,000 original
certificate principal amount: $0.00
3. The total amount reimbursed in respect
of such reductions in the Class B
Invested Amount: $0.00
4. The amount set forth in paragraph 3
above, per $1,000 original certificate
principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
H. Information regarding distributions on the Distribution Date
to the
Collateral Interest Holder.
1. Total amount distributed to the Collateral
Interest Holder: $195,314.06
2. Amount distributed in respect of Collateral
Monthly Interest: $195,314.06
3. Amount distributed in respect of Collateral
Additional Interest: $0.00
4. The amount distributed to the Collateral
Interest Holder in respect of principal
on the Collateral Invested Amount: $0.00
I. Amount of reductions in Collateral Invested Amount pursuant
to clauses
(c), (d), and (e) of the definition of Collateral Invested
Amount.
1. The amount of reductions in the
Collateral Invested Amount pursuant
to clauses (c), (d), and (e) of the
definition of Collateral Invested Amount: $0.00
2. The total amount reimbursed in respect
of such reductions in the Collateral
Invested Amount: $0.00
- 43 -
<PAGE>
J. Application of Reallocated Investor Finance Charge
Collections.
1. Class A Available Funds: $10,233,135.12
a. Class A Monthly Interest: $1,479,929.69
b. Class A Outstanding Monthly Interest: $0.00
c. Class A Additional Interest: $0.00
d. Class A Investor Default Amount
(Treated as Available Principal Collections): $2,475,199.78
e. Excess Spread: $6,278,005.65
2. Class B Available Funds: $992,304.01
a. Class B Monthly Interest: $157,675.00
b. Class B Outstanding Monthly Interest: $0.00
c. Class B Additional Interest: $0.00
d. Excess Spread: $834,629.01
3. Collateral Available Funds: $1,178,361.01
a. Excess Spread: $1,178,361.01
4. Total Excess Spread: $8,290,995.68
K. Reallocated Principal Collections.
1. Principal Allocation Percentage: 87.9271%
2. Series 2001-3 Allocable Principal
Collections: $213,296,046.60
3. Principal Allocation Percentage of
Series 2001-3 Allocable Principal
Collections: $187,545,049.62
4. Reallocated Principal Collections
Required to fund the Required Amount: $0.00
5. Item 3 minus item 4: $187,545,049.62
6. Shared Principal Collections from other
Series allocated to Series 2001-3 N/A
7. Other amounts Treated as Available Principal
Collections: $3,000,242.16
8. Available Principal Collections
(total of 5., 6. & 7.): $190,545,291.78
L. Application of Available Principal Collections during
Revolving Period.
1. Collateral Invested Amount: $71,250,000.00
2. Required Collateral Invested Amount: $71,250,000.00
3. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: $0.00
4. Treated as Shared Principal Collections: $190,545,291.78
- 44 -
<PAGE>
M. Application of Principal Collections During Accumulation or
Amortization
Period.
1. Principal Funding Account: N/A
2. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: N/A
3. Principal Distribution: N/A
4. Treated as Shared Principal Collections: N/A
N. Application of Excess Spread and Excess Finance Charge
Collections
Allocated to Series 2001-3
1. Excess Spread: $8,290,995.68
2. Excess Finance Charge Collections: $0.00
3. Applied to fund Class A Required Amount: $0.00
4. Class A Investor Charge-Offs treated
as Available Principal Collections: $0.00
5. Applied to fund Class B overdue Interest: $0.00
6. Applied to fund Class B Required Amount: $240,019.37
7. Reduction of Class B Invested Amount
treated as Available Principal Collections: $0.00
8. Applied to Collateral Monthly Interest: $195,314.06
9. Applied to unpaid Monthly Servicing Fee: $1,250,000.00
10. Collateral Default Amount treated as
Available Principal Collections: $285,023.00
11. Reduction of Collateral Invested Amount
treated as Available Principal Collections: $0.00
12. Deposited to Reserve Account: $0.00
13. Applied to other amounts owed to
Collateral Interest Holder: $0.00
l4. Balance: $6,320,639.24
O. Yield and Base Rate
1. Base Rate
a. Current Monthly Period 4.4128%
b. Prior Monthly Period 4.3447%
c. Second Prior Monthly Period 4.0461%
2. Three Month Average Base Rate 4.2678%
3. Series Adjusted Portfolio Yield
a. Current Monthly Period 14.7626%
b. Prior Monthly Period 14.6105%
c. Second Prior Monthly Period 14.7628%
4. Three Month Average Series Adjusted Portfolio Yield
14.7119%
- 45 -
<PAGE>
<TABLE>
<CAPTION>
X. Series 2001-4 Certificates
------------------------------------------------------------------------------------------------------------------------------------
Series Total Investor Transferors
A. Investor/Transferor Allocations Allocations Interest
Interest
---------------------------------- ----------- --------------
-----------
<S> <C> <C> <C> <C>
Beginning Invested /Transferor Amount 824,546,604.12
725,000,000.00 99,546,604.12
Beginning Adjusted Invested Amount N/A 725,000,000.00 N/A
Floating Allocation Percentage N/A 87.9271% 12.0729%
Principal Allocation Percentage N/A 87.9271% 12.0729%
Collections of Finance Chg. Receivables 13,633,591.79
11,987,623.26 1,645,968.53
Collections of Principal Receivables 206,186,178.38
181,293,547.96 24,892,630.41
Defaulted Amount 3,298,452.64 2,900,234.09 398,218.56
Ending Invested / Transferor Amounts 860,274,075.78
725,000,000.00 135,274,075.78
------------------------------------------------------------------------------------------------------------------------------------
Collateral
B. Monthly Period Funding Requirements Class A Class B Interest
Total
-------------------------------------- ------- -------
---------- -----
Principal Funding Account 0.00 0.00 0.00 0.00
Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00
Reserve Draw Amount 0.00 0.00 0.00 0.00
Available Reserve Account Amount 0.00 0.00 0.00 0.00
Reserve Account Surplus 0.00 0.00 0.00 0.00
Coupon December 15, 2004 to January 17, 2005 2.5325% 2.7825%
2.9025%
Monthly Interest Due 1,430,598.70 152,419.17 188,803.59
1,771,821.46
Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00
Additional Interest Due 0.00 0.00 0.00 0.00
Total Interest Due 1,430,598.70 152,419.17 188,803.59
1,771,821.46
Investor Default Amount 2,392,693.12 232,018.73 275,522.24
2,900,234.09
Investor Monthly Fees Due 996,875.00 96,666.67 114,791.67
1,208,333.33
Investor Additional Amounts Due
Total Due 4,820,166.82 481,104.56 579,117.50 5,880,388.88
Reallocated Investor Finance Charge Collections
11,990,340.14
Interest and Principal Funding Investment Proceeds 0.00
Interest on Reserve Account 0.00
Series Adjusted Portfolio Yield 14.7626%
Base Rate 4.4128%
Excess Spread Percentage 10.1130%
------------------------------------------------------------------------------------------------------------------------------------
Collateral
C. Certificates - Balances and Distributions Class A Class B
Interest Total
-------------------------------------------- ------- -------
---------- -----
Beginning Certificates Balance 598,125,000.00 58,000,000.00
68,875,000.00 725,000,000.00
Interest Distributions 1,430,598.70 152,419.17 188,803.59
1,771,821.46
Principal Deposits - Prin. Funding Account 0.00 0.00 0.00
0.00
Principal Distributions 0.00 0.00 0.00 0.00
Total Distributions 1,430,598.70 152,419.17 188,803.59
1,771,821.46
Ending Certificates Balance 598,125,000.00 58,000,000.00
68,875,000.00 725,000,000.00
</TABLE>
- 46 -
<PAGE>
D. Information regarding distributions on the Distribution Date
in respect
of the Class A Certificates per $1,000 original certificate
principal amount.
1. Total amount of the distribution: $2.39
2. Amount of the distribution in
respect of Class A Monthly Interest: $2.39
3. Amount of the distribution in
respect of Class A Outstanding
Monthly Interest: $0.00
4. Amount of the distribution in
respect of Class A Additional Interest: $0.00
5. Amount of the distribution in
respect of Class A Principal: $0.00
E. Class A Investor Charge-Offs and Reimbursement of Class A
Investor
Charge-Offs on such Distribution Date.
1. Total amount of Class A Investor Charge-Offs: $0.00
2. Amount of Class A Investor Charge-
Offs per $1,000 original certificate
principal amount: $0.00
3. Total amount reimbursed in respect of
Class A Investor Charge-Offs: $0.00
4. Amount reimbursed in respect of Class
A Investor Charge-Offs per $1,000
original certificate principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the Class
A Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
F. Information regarding distributions in respect of the Class
B
Certificates, per $1,000 original certificate principal
amount.
1. The total amount of the distribution: $2.63
2. Amount of the distribution in
respect of class B monthly interest: $2.63
3. Amount of the distribution in
respect of class B outstanding monthly
interest: $0.00
4. Amount of the distribution in
respect of class B additional interest: $0.00
5. Amount of the distribution in
respect of class B principal: $0.00
- 47 -
<PAGE>
G. Amount of reductions in Class B Invested Amount pursuant to
clauses (c),
(d), and (e) of the definition of Class B Invested Amount on
such
Distribution Date.
1. The amount of reductions in Class B
Invested Amount pursuant to clauses
c), (d), and (e) of the definition
of Class B Invested Amount: $0.00
2. The amount of reductions in the
Class B Invested Amount set forth in
paragraph 1 above, per $1,000 original
certificate principal amount: $0.00
3. The total amount reimbursed in respect
of such reductions in the Class B
Invested Amount: $0.00
4. The amount set forth in paragraph 3
above, per $1,000 original certificate
principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
H. Information regarding distributions on the Distribution Date
to the
Collateral Interest Holder.
1. Total amount distributed to the Collateral
Interest Holder: $188,803.59
2. Amount distributed in respect of Collateral
Monthly Interest: $188,803.59
3. Amount distributed in respect of Collateral
Additional Interest: $0.00
4. The amount distributed to the Collateral
Interest Holder in respect of principal
on the Collateral Invested Amount: $0.00
I. Amount of reductions in Collateral Invested Amount pursuant
to clauses
(c), (d), and (e) of the definition of Collateral Invested
Amount.
1. The amount of reductions in the
Collateral Invested Amount pursuant
to clauses (c), (d), and (e) of the
definition of Collateral Invested Amount: $0.00
2. The total amount reimbursed in respect
of such reductions in the Collateral
Invested Amount: $0.00
- 48 -
<PAGE>
J. Application of Reallocated Investor Finance Charge
Collections.
1. Class A Available Funds: $9,892,030.62
a. Class A Monthly Interest: $1,430,598.70
b. Class A Outstanding Monthly Interest: $0.00
c. Class A Additional Interest: $0.00
d. Class A Investor Default Amount
(Treated as Available Principal Collections): $2,392,693.12
e. Excess Spread: $6,068,738.80
2. Class B Available Funds: $959,227.21
a. Class B Monthly Interest: $152,419.17
b. Class B Outstanding Monthly Interest: $0.00
c. Class B Additional Interest: $0.00
d. Excess Spread: $806,808.04
3. Collateral Available Funds: $1,139,082.31
a. Excess Spread: $1,139,082.31
4. Total Excess Spread: $8,014,629.16
K. Reallocated Principal Collections.
1. Principal Allocation Percentage: 87.9271%
2. Series 2001-4 Allocable Principal
Collections: $206,186,178.38
3. Principal Allocation Percentage of
Series 2001-4 Allocable Principal
Collections: $181,293,547.96
4. Reallocated Principal Collections
Required to fund the Required Amount: $0.00
5. Item 3 minus item 4: $181,293,547.96
6. Shared Principal Collections from other
Series allocated to Series 2001-4 N/A
7. Other amounts Treated as Available Principal
Collections: $2,900,234.09
8. Available Principal Collections
(total of 5., 6. & 7.): $184,193,782.05
L. Application of Available Principal Collections during
Revolving Period.
1. Collateral Invested Amount: $68,875,000.00
2. Required Collateral Invested Amount: $68,875,000.00
3. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: $0.00
4. Treated as Shared Principal Collections: $184,193,782.05
- 49 -
<PAGE>
M. Application of Principal Collections During Accumulation or
Amortization
Period.
1. Principal Funding Account: N/A
2. Excess of Collateral Invested Amount
over Required Collateral Invested Amount: N/A
3. Principal Distribution: N/A
4. Treated as Shared Principal Collections: N/A
N. Application of Excess Spread and Excess Finance Charge
Collections
Allocated to Series 2001-4
1. Excess Spread: $8,014,629.16
2. Excess Finance Charge Collections: $0.00
3. Applied to fund Class A Required Amount: $0.00
4. Class A Investor Charge-Offs treated
as Available Principal Collections: $0.00
5. Applied to fund Class B overdue Interest: $0.00
6. Applied to fund Class B Required Amount: $232,018.73
7. Reduction of Class B Invested Amount
treated as Available Principal Collections: $0.00
8. Applied to Collateral Monthly Interest: $188,803.59
9. Applied to unpaid Monthly Servicing Fee: $1,208,333.33
10. Collateral Default Amount treated as
Available Principal Collections: $275,522.24
11. Reduction of Collateral Invested Amount
treated as Available Principal Collections: $0.00
12. Deposited to Reserve Account: $0.00
13. Applied to other amounts owed to
Collateral Interest Holder: $0.00
l4. Balance: $6,109,951.26
O. Yield and Base Rate
1. Base Rate
a. Current Monthly Period 4.4128%
b. Prior Monthly Period 4.3447%
c. Second Prior Monthly Period 4.0461%
2. Three Month Average Base Rate 4.2678%
3. Series Adjusted Portfolio Yield
a. Current Monthly Period 14.7626%
b. Prior Monthly Period 14.6105%
c. Second Prior Monthly Period 14.7628%
4. Three Month Average Series Adjusted Portfolio Yield
14.7119%
- 50 -
<PAGE>
<TABLE>
<CAPTION>
XI. Series 2001-5 Certificates
------------------------------------------------------------------------------------------------------------------------------------
Series Total Investor Transferors
A. Investor/Transferor Allocations Allocations Interest
Interest
---------------------------------- ----------- --------------
-----------
<S> <C> <C> <C> <C>
Beginning Invested /Transferor Amount 568,652,830.42
500,000,000.00 68,652,830.42
Beginning Adjusted Invested Amount N/A 500,000,000.00 N/A
Floating Allocation Percentage N/A 87.9271% 12.0729%
Principal Allocation Percentage N/A 87.9271% 12.0729%
Collections of Finance Chg. Receivables 9,402,477.10
8,267,326.38 1,135,150.71
Collections of Principal Receivables 142,197,364.40
125,030,033.08 17,167,331.32
Defaulted Amount 2,274,794.93 2,000,161.44 274,633.49
Ending Invested / Transferor Amounts 593,292,466.05
500,000,000.00 93,292,466.05
------------------------------------------------------------------------------------------------------------------------------------
Collateral
B. Monthly Period Funding Requirements Class A Class B Interest
Total
-------------------------------------- ------- -------
---------- -----
Principal Funding Account 0.00 0.00 0.00 0.00
Investment Proceeds for Monthly Period 0.00 0.00 0.00 0.00
Reserve Draw Amount 0.00 0.00 0.00 0.00
Available Reserve Account Amount 0.00 0.00 0.00 0.00
Reserve Account Surplus 0.00 0.00 0.00 0.00
Coupon December 15, 2004 to January 17, 2005 2.5825% 2.8525%
2.9025%
Monthly Interest Due 1,006,098.96 107,761.11 130,209.38
1,244,069.44
Outstanding Monthly Interest Due 0.00 0.00 0.00 0.00
Additional Interest Due 0.00 0.00 0.00 0.00
Total Interest Due 1,006,098.96 107,761.11 130,209.38
1,244,069.44
Investor Default Amount 1,650,133.19 160,012.92 190,015.34
2,000,161.44
Investor Monthly Fees Due 687,500.00 66,666.67 79,166.67
833,333.33
Investor Additional Amounts Due
Total Due 3,343,732.15 334,440.69 399,391.38 4,077,564.22
Reallocated Investor Finance Charge Collections 8,291,323.71
Interest and Principal Funding Investment Proceeds 0.00
Interest on Reserve Account 0.00
Series Adjusted Portfolio Yield 14.8147%
Base Rate 4.4603%
Excess Spread Percentage 10.1130%
------------------------------------------------------------------------------------------------------------------------------------
Collateral
C. Certificates - Balances and Distributions Class A Class B
Interest Total
-------------------------------------------- ------- -------
---------- -----
Beginning Certificates Balance 412,500,000.00 40,000,000.00
47,500,000.00 500,000,000.00
Interest Distributions 1,006,098.96 107,761.11 130,209.38
1,244,069.44
Principal Deposits - Prin. Funding Account 0.00 0.00 0.00
0.00
Principal Distributions 0.00 0.00 0.00 0.00
Total Distributions 1,006,098.96 107,761.11 130,209.38
1,244,069.44
Ending Certificates Balance 412,500,000.00 40,000,000.00
47,500,000.00 500,000,000.00
</TABLE>
- 51 -
<PAGE>
D. Information regarding distributions on the Distribution Date
in respect
of the Class A Certificates per $1,000 original certificate
principal amount.
1. Total amount of the distribution: $2.44
2. Amount of the distribution in
respect of Class A Monthly Interest: $2.44
3. Amount of the distribution in
respect of Class A Outstanding
Monthly Interest: $0.00
4. Amount of the distribution in
respect of Class A Additional Interest: $0.00
5. Amount of the distribution in
respect of Class A Principal: $0.00
E. Class A Investor Charge-Offs and Reimbursement of Class A
Investor
Charge-Offs on such Distribution Date.
1. Total amount of Class A Investor Charge-Offs: $0.00
2. Amount of Class A Investor Charge-
Offs per $1,000 original certificate
principal amount: $0.00
3. Total amount reimbursed in respect of
Class A Investor Charge-Offs: $0.00
4. Amount reimbursed in respect of Class
A Investor Charge-Offs per $1,000
original certificate principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class A Certificates exceeds the Class
A Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
F. Information regarding distributions in respect of the Class
B
Certificates, per $1,000 original certificate principal
amount.
1. The total amount of the distribution: $2.69
2. Amount of the distribution in
respect of class B monthly interest: $2.69
3. Amount of the distribution in
respect of class B outstanding monthly
interest: $0.00
4. Amount of the distribution in
respect of class B additional interest: $0.00
5. Amount of the distribution in
respect of class B principal: $0.00
- 52 -
<PAGE>
G. Amount of reductions in Class B Invested Amount pursuant to
clauses (c),
(d), and (e) of the definition of Class B Invested Amount on
such
Distribution Date.
1. The amount of reductions in Class B
Invested Amount pursuant to clauses
c), (d), and (e) of the definition
of Class B Invested Amount: $0.00
2. The amount of reductions in the
Class B Invested Amount set forth in
paragraph 1 above, per $1,000 original
certificate principal amount: $0.00
3. The total amount reimbursed in respect
of such reductions in the Class B
Invested Amount: $0.00
4. The amount set forth in paragraph 3
above, per $1,000 original certificate
principal amount: $0.00
5. The amount, if any, by which the
outstanding principal balance of the
Class B Certificates exceeds the Class B
Invested Amount after giving effect to
all transactions on such Distribution
Date: $0.00
H. Information regarding distributions on the Distribution Date
to the
Collateral Interest Holder.
1. Total amount distributed to the Collateral
Interest Holder: $130,209.38
2. Amount distributed in respect of Collateral
Monthly Interest: $130,209.38
3. Amount distributed in respect of Collateral
Additional Interest: $0.00
4. The amount distributed to the Collateral
Interest Holder in respect of principal
on the Collateral Invested Amount: $0.00
I. Amount of reductions in Collateral Invested Amount pursuant
to clauses
(c), (d), and (e) of the definition of Collateral Invested
Amount.
1. The amount of reductions in the
Collateral Invested Amount pursuant
to clauses (c), (d), and (e) of the
definition of Collateral Invested Amount: $0.00
2. The total amount reimbursed in respect
of such reductions in the Collateral
Invested Amount: $0.00
- 53 -
<PAGE>
J. Application of Reallocated Investor Finance Charge
Collections.
1. Class A Available Funds: $6,840,342.06
a. Class A Monthly Interest: $1,006,098.96
b. Class A Outstanding Monthly Interest: $0.00
c. Class A Additional Interest: $0.00
d. Class A Investor Default Amount
(Treated as Available Principal Collections): $1,650,133.19
e. Excess Spread: $4,184,109.91
2. Class B Available Funds: $663,305.90
a. Class B Monthly Interest: $107,761.11
b. Class B Outstanding Monthly Interest: $0.00
c. Class B Additional Interest: $0.00
d. Excess Spread: $555,544.79
3. Collateral Available Funds: $787,675.75
a. Excess Spread: $787,675.75
4. Total Excess Spread: $5,527,330.45
K. Reallocated Principal Collections.
1. Principal Allocation Percentage: 87.9271%
2. Series 2001-5 Allocable Principal
Collections: $142,197,364.40
3. Principal Allocation Percentage of
Series 2001-5 Allocable Principal
Collections: $125,030,033.08
4. Reallocated Principal Collections
Required to fund the Required Amount: $0.00
5. Item 3 minus item 4: $125,030,033.08
6. Shared Principal Collections from other
Series allocated to Series 2001-5 N/A
7. Other amounts Treated as Available Principal
Collections: $2,000,161.44
8. Available Principal Collections
(total of 5., 6. & 7.): $127,030,194.52
L. Application of Available Principal Collections during
Revolving Period.
1. Collateral Invested Amount: $47,500,000.00
2. Required Collateral Invested Amount: $47,500,000.00
3. Excess of Collateral Invested Amount
over Required Collateral Invest
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