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Previous: HOUSEHOLD CONSUMER LOAN TRUST 1996-1, 8-K, 2000-11-21 |
Next: PARIBAS ASSET MANAGEMENT SA, 13F-HR/A, 2000-11-21 |
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Household Consumer Loan Trust, Series 1996-1 Deposit Trust Calculations |
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Previous Due Period Ending |
Sep 30, 2000 |
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Current Due Period Ending |
Oct 31, 2000 |
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Prior Distribution Date |
Oct 13, 2000 |
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Distribution Date |
Nov 14, 2000 |
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Beginning Trust Principal Receivables |
3,747,215,208.00 |
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Average Principal Receivables |
3,747,062,935.87 |
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FC&A Collections (Includes Recoveries) |
63,208,517.86 |
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Principal Collections |
103,775,791.01 |
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Additional Balances |
44,214,497.95 |
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Net Principal Collections |
59,561,293.06 |
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Defaulted Amount |
23,009,507.06 |
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Miscellaneous Payments |
0.00 |
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Principal Recoveries |
2,155,589.00 |
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Beginning Participation Invested Amount |
240,509,351.77 |
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Beginning Participation Unpaid Principal Balance |
240,509,351.77 |
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Ending Participation Invested Amount |
235,209,454.24 |
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Ending Participation Unpaid Principal Balance |
235,209,454.24 |
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Accelerated Amortization Date |
Feb 28, 2001 |
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Is it the Accelerated Amortization Period? 0=No |
0 |
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OC Balance as % of Ending Participation Invested Amount (3 month average) |
9.521% |
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Is it Early Amortization? (No, if 3 month OC Average >or=4.75%) |
0 |
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Investor Finance Charges and Administrative Collections |
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Numerator for Floating Allocation |
240,509,351.77 |
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Numerator for Fixed Allocation |
246,238,507.00 |
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Denominator - Max(Sum of Numerators, Principal Receivables) |
3,747,062,935.87 |
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Applicable Allocation Percentage |
6.4186% |
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Investor FC&A Collections |
4,057,108.17 |
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Series Participation Interest Default Amount |
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Numerator for Floating Allocation |
240,509,351.77 |
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Denominator - Max(Sum of Numerators, Principal Receivables) |
3,747,062,935.87 |
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Floating Allocation Percentage |
6.4186% |
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Series Participation Interest Default Amount |
1,476,890.49 |
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Principal Allocation Components |
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Numerator for Floating Allocation |
240,509,351.77 |
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Numerator for Fixed Allocation |
246,238,507.00 |
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Denominator - Max(Sum of Numerators, Principal Receivables) |
3,747,062,935.87 |
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Series Participation Interest Monthly Interest |
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(a) Series Participation Interest Pass Through Rate, [Max(b,c)] |
8.0000% |
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(b) Prime Rate minus 1.50% |
8.0000% |
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(c) Rate Sufficient to Cover Interest, Yield and Accelerated Principal Pmt Amount |
6.1866% |
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(d) Series Participation Interest Unpaid Principal Balance |
240,509,351.77 |
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(e) Actual days in the Interest Period |
32 |
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Series Participation Monthly Interest, [a*d*e] |
1,710,288.72 |
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Series Participation Interest Interest Shortfall |
0.00 |
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Previous Series Participation Interest Interest Shortfall |
0.00 |
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Additional Interest |
0.00 |
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Series Participation Interest Monthly Principal |
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Available Investor Principal Collections, [a+m+n] |
5,299,897.53 |
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(a) Investor Principal Collections, [Max(b,h) or e] |
3,823,007.04 |
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(b) prior to Accelerated Amort. Date or not Early Amort. Period, [c*d] |
3,823,007.04 |
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(c) Floating Allocation Percentage |
6.4186% |
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(d) Net Principal Collections |
59,561,293.06 |
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(e) after Accelerated Amort Date or Early Amort Period, [f*g] |
6,819,633.48 |
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(f) Fixed Allocation Percentage |
6.5715% |
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(g) Collections of Principal |
103,775,791.01 |
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(h) Minimum Principal Amount, [Min(i,l)] |
2,852,277.84 |
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(i) Floating Allocation Percentage of Principal Collections |
6,660,963.17 |
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(j) 1.8% of the Series Participation Interest Invested Amount |
4,329,168.33 |
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(k) Series Participation Interest Net Default Payment Amount |
1,476,890.49 |
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(l) the excess of (j) over (k) |
2,852,277.84 |
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(m) Series Participation Interest Net Default Payment Amount |
1,476,890.49 |
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(n) Optional Repurchase Amount (principal only) at Sec. 9 |
0.00 |
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Application of Investor Finance Charges and Admin Collections |
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Investor Finance Charges and Admin. Collections [Sec. 4.11(a)] |
4,057,108.17 |
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Series Servicing Fee paid if HFC is not the Servicer [Sec. 4.11(a)(i)] |
0.00 |
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plus any unpaid Series Servicing Fee of other than HFC |
0.00 |
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Series Participation Interest Monthly Interest [Sec. 4.11(a)(ii)] |
1,710,288.72 |
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Series Participation Interest Interest Shorfall [Sec. 4.11(a)(ii)] |
0.00 |
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Additional Interest [Sec. 4.11(a)(ii)] |
0.00 |
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Series Participation Interest Default Amount [Sec. 4.11(a)(iii)] |
1,476,890.49 |
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Reimbursed Series Participation Interest Charge-Offs [Sec. 4.11(a)(iv)] |
0.00 |
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Servicing Fee Paid [Sec. 4.11(a)(v)] |
400,848.92 |
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Excess [Sec. 4.11(a)(vi)] |
469,080.04 |
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Series Participation Investor Charge Off [Sec. 4.12(a)] |
0.00 |
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Seller's Interest |
1,322,931,298.30 |
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Series 1996-1 Owner Trust Calculations |
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Due Period |
October 2000 |
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Payment Date |
Nov 15, 2000 |
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Optimum Monthly Principal [a+b+c] |
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(a) Available Investor Principal Collections |
5,299,897.53 |
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(b) Series Participation Interest Charge Offs |
0.00 |
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(c) Lesser of Excess Interest and Carryover Charge offs |
0.00 |
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Accelerated Principal Payment |
50,106.11 |
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Series Participation Interest Monthly Interest |
1,710,288.72 |
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Allocation of Optimum Monthly Principal and Series Part. Interest Monthly Interest |
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Interest and Yield |
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Pay Class A Interest Distribution- Sec. 3.05(a)(i)(a) |
712,577.31 |
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Pay Class B Interest Distribution- Sec. 3.05(a)(i)(b) |
506,472.61 |
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Pay Certificates the Certificate Yield- Sec. 3.05(a)(i)(c) |
53,453.20 |
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Principal up to Optimum Monthly Principal Balance |
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Pay Class A to Targeted Principal Balance- Sec. 3.05(a)(ii)(a) |
2,704,647.03 |
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Pay Class B to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(ii)(b) |
1,854,964.13 |
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Pay Certificate Yield if not paid pursuant to Sec. 3.05 (a)(i)(c) |
0.00 |
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Principal up to Optimal Monthly Principal |
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Pay Certificate to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(iii) |
185,496.41 |
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Pay OC Remaining Optimal Monthly Prin Amt subject to OC Min Bal- Sec. 3.05(a)(iv) |
554,789.96 |
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Principal up to Accelerated Principal Payment Amout |
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Pay Class A to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(v)(a) |
0.00 |
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Pay Class B to Targeted Principal Balance subject to Min Adj Bal- Sec. 3.05(a)(v)(b) |
0.00 |
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Pay Class A to zero- Sec. 3.05(a)(v)(c) |
50,106.11 |
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Pay Class B to zero- Sec. 3.05(a)(v)(d) |
0.00 |
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Principal up to Optimal Monthly Principal |
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Pay Class A to zero- Sec. 3.05(a)(vi)(a) |
0.00 |
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Pay Class B to zero- Sec. 3.05(a)(vi)(b) |
0.00 |
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Pay Certificates up to Certificate Minimum Balance or zero- Sec. 3.05(a)(vi)(c) |
0.00 |
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Pay HCLC Optimum Monthly Principal provided OC >0- Sec. 3.05(a)(vi)(d) |
0.00 |
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Remaining Amounts to Holder of Designated Certificate - Sec. 3.05(a)(vii) |
387,679.49 |
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Allocations of Distributions to Overcollateralization Amount |
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Available Distributions |
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Pay OC Remaining Optimal Monthly Prin Amt subject to OC Min Bal- Sec. 3.05(a)(iv) |
554,789.96 |
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Pay HCLC Optimum Monthly Principal provided OC >0- Sec. 3.05(a)(vi) |
0.00 |
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To Designated Certificate Holder up to total Accelerated Principal Payments |
50,106.11 |
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To Designated Certificate Holder up to Holdback Amount |
504,683.85 |
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To HCLC any remaining amounts |
0.00 |
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Principal paid to the Designated Certificate |
1,860.84 |
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Household Consumer Loan Trust, 1996-1 |
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Series 1996-1 Owner Trust Calculations |
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Due Period Ending |
Oct 31, 2000 |
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Payment Date |
Nov 15, 2000 |
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Calculation of Interest Expense |
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Index (LIBOR) |
6.620000% |
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Accrual end date, accrual beginning date and days in Interest Period |
Nov 15, 2000 |
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Class A |
Class B |
Certificates |
Overcoll Amount |
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Beginning Unpaid Principal Balance |
125,013,563 |
84,178,273 |
8,417,827 |
22,899,688 |
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Previously unpaid interest/yield |
0 |
0 |
0 |
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Spread to index |
0.22% |
0.60% |
1.00% |
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Rate (capped at 13%, 15%, 16%) |
6.840000% |
7.220000% |
7.620000% |
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Interest/Yield Payable on the Principal Balance |
712,577 |
506,473 |
53,453 |
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Interest on previously unpaid interest/yield |
0 |
0 |
0 |
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Interest/Yield Due |
712,577 |
506,473 |
53,453 |
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Interest/Yield Paid |
712,577 |
506,473 |
53,453 |
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Summary |
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Beginning Security Balance |
125,013,563 |
84,178,273 |
8,417,827 |
22,899,688 |
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Beginning Adjusted Balance |
125,013,563 |
84,178,273 |
8,417,827 |
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Principal Paid |
2,754,753 |
1,854,964 |
185,496 |
554,790 |
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Ending Security Balance |
122,258,810 |
82,323,309 |
8,232,331 |
22,395,004 |
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Ending Adjusted Balance |
122,258,810 |
82,323,309 |
8,232,331 |
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Ending Certificate Balance as % Participation Interest Invested Amount |
3.5000% |
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Targeted Balance |
122,308,916 |
82,323,309 |
8,232,331 |
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Minimum Adjusted Balance |
49,000,000 |
4,900,000 |
13,300,000 |
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Certificate Minimum Balance |
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7,127,787 |
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Ending OC Amount as Holdback Amount |
22,395,004 |
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Ending OC Amount as Accelerated Prin Pmts |
0 |
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Beginning Net Charge offs |
0 |
0 |
0 |
0 |
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Reversals |
0 |
0 |
0 |
0 |
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Charge offs |
0 |
0 |
0 |
0 |
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Ending Net Charge Offs |
0 |
0 |
0 |
0 |
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Interest/Yield Paid per $1000 |
1 |
4 |
2 |
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Principal Paid per $1000 |
4 |
14 |
7 |
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