SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) September 30, 1999
FORD CREDIT AUTO OWNER TRUST 1999-A,
FORD CREDIT AUTO OWNER TRUST 1999-B
FORD CREDIT AUTO OWNER TRUST 1999-C AND
FORD CREDIT AUTO OWNER TRUST 1999-D
(Ford Credit Auto Receivables Two L.P. - Originator)
---------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-63551 38-3295857
- -------- --------- ----------
(State of other juris- (Commission File Number) (IRS Employer
diction of incorporation I.D. No.)
The American Road, Dearborn, Michigan 48121
- ---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 313-322-3000
<PAGE>
Item 5. Other Events
The Monthly Servicing Reports relating to the Ford Credit Auto Owner Trust
1999-A, Ford Credit Auto Owner Trust 1999-B, Ford Credit Auto Owner Trust
1999-C, and Ford Credit Auto Owner Trust 1999-D for the Collection Period ended
September 30, 1999 are attached hereto as Exhibit 19.1, Exhibit 19.2, Exhibit
19.3 and Exhibit 19.4 and incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
EXHIBITS
Designation Description Method of
Filing
- ----------- ------------ ----------------
Exhibit 19.1 Ford Credit Auto Owner Filed with
Trust Series 1999-A this Report.
Servicing Report for the
Collection Period ended
September 30, 1999.
Exhibit 19.2 Ford Credit Auto Owner Filed with
Trust Series 1999-B this Report.
Servicing Report for the
Collection Period ended
September 30, 1999.
Exhibit 19.3 Ford Credit Auto Owner Filed with
Trust Series 1999-C this Report.
Servicing Report for the
Collection Period ended
September 30, 1999.
Exhibit 19.4 Ford Credit Auto Owner Filed with
Trust Series 1999-D this Report.
Servicing Report for the
Collection Period ended
September 30, 1999.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized on the date indicated.
Ford Credit Auto Receivables Two L.P.
(Registrant)
By: Ford Credit Auto Receivables
Two, Inc., General Partner
Date: October 13, 1999 By:/s/R. P. Conrad
---------------------------------
Assistant Secretary
<PAGE>
EXHIBIT INDEX
Designation Description
- ----------- -----------
Exhibit 19.1 Ford Credit Auto Owner
Trust Series 1999-A
Servicing Report for the
Collection Period ended
September 30, 1999.
Exhibit 19.2 Ford Credit Auto Owner
Trust Series 1999-B
Servicing Report for the
Collection Period ended
September 30, 1999.
Exhibit 19.3 Ford Credit Auto Owner
Trust Series 1999-C
Servicing Report for the
Collection Period ended
September 30, 1999.
Exhibit 19.4 Ford Credit Auto Owner
Trust Series 1999-D
Servicing Report for the
Collection Period ended
September 30, 1999.
EXHIBIT 19.1
Ford Motor Credit Company
Ford Credit Auto Owner Trust 1999-A
Monthly Servicing Report
Collection Period September, 1999
Distribution Date 10/15/99
Dollar Amount
Total Portfolio $ 2,010,021,480.46
Total Securities 2,001,970,000.00
Class A-1 Notes 250,000,000.00
Class A-2 Notes 296,000,000.00
Class A-3 Notes 495,000,000.00
Class A-4 Notes 313,767,000.00
Class A-5 Notes 250,000,000.00
Class A-6 Notes 250,000,000.00
Class B Notes 68,695,000.00
Class C Certificates 39,254,000.00
Class D Certificates 39,254,000.00
I. COLLECTIONS
Interest:
Simple Interest Receivables Interest
Interest Collections $ 9,073,076.00
Repurchased Loan Proceeds Related to Interest 11,982.18
Total Simple Interest Receivables Interest 9,085,058.18
Pre Computed Receivables Interest Collections 476,850.65
Total Interest Collections 9,561,908.83
Servicer Advances:
Simple Interest Servicer Advances $ 1,566,214.30
Precomputed Servicer Advances - Principal 122,883.21
Precomputed Servicer Advances - Interest 27,223.85
Total Servicer Advances 1,716,321.36
Principal:
Simple Interest Receivables Principal
Principal Collections $ 33,005,067.77
Prepayments in Full 23,064,846.34
Repurchased Loan Proceeds Related to Principal 792,451.71
Other Refunds Related to Principal 5,873.96
Total Simple Interest Receivables Principal 56,868,239.78
Pre Computed Receivables Principal
Principal Collections $ 2,385,175.47
Prepayments in Full 1,298,676.91
Prepayments in Full Due to Administrative Repurchases 24,876.97
Payahead Draws 169,430.85
Total Pre Computed Receivables Principal 3,878,160.20
Liquidation Proceeds 494,402.06
Recoveries from Prior Month Charge-Offs 4,594.71
Total Principal Collections 61,245,396.75
Principal Losses for Collection Period 1,065,267.32
Total Regular Principal Reduction 61,934,550.51
Total Collections $ 72,523,626.94
Amount
Per $1,000
of Original
II. DISTRIBUTIONS Amount Principal
Total Collections $ 72,523,626.94 $ 36.23
Reserve Account Release 0.00 0.00
Reserve Account Draw 0.00 0.00
Total Available for Distribution 72,523,626.94 36.23
Servicing Fee:
Servicing Fee Due $ 1,242,998.81 $ 0.62
Servicing Fee Paid 1,242,998.81 0.62
Servicing Fee Shortfall 0.00 0.00
Interest:
Class A-1 Notes Monthly Interest
Class A-1 Notes Monthly Interest Due $ 0.00 $ 0.00
Class A-1 Notes Monthly Interest Paid 0.00 0.00
Class A-1 Notes Monthly Interest Shortfall 0.00 0.00
Class A-1 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-1 Notes Int. Carryover Shortfall 0.00 0.00
Class A-2 Notes Monthly Interest
Class A-2 Notes Monthly Interest Due $ 0.00 $ 0.00
Class A-2 Notes Monthly Interest Paid 0.00 0.00
Class A-2 Notes Monthly Interest Shortfall 0.00 0.00
Class A-2 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-2 Notes Int. Carryover Shortfall 0.00 0.00
Class A-3 Notes Monthly Interest
Class A-3 Notes Monthly Interest Due $ 2,182,308.45 $ 4.41
Class A-3 Notes Monthly Interest Paid 2,182,308.45 4.41
Class A-3 Notes Monthly Interest Shortfall 0.00 0.00
Class A-3 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-3 Notes Int. Carryover Shortfall 0.00 0.00
Class A-4 Notes Monthly Interest
Class A-4 Notes Monthly Interest Due $ 1,388,418.98 $ 4.43
Class A-4 Notes Monthly Interest Paid 1,388,418.98 4.43
Class A-4 Notes Monthly Interest Shortfall 0.00 0.00
Class A-4 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-4 Notes Int. Carryover Shortfall 0.00 0.00
Class A-5 Notes Monthly Interest
Class A-5 Notes Monthly Interest Due $ 1,120,833.33 $ 4.48
Class A-5 Notes Monthly Interest Paid 1,120,833.33 4.48
Class A-5 Notes Monthly Interest Shortfall 0.00 0.00
Class A-5 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-5 Notes Int. Carryover Shortfall 0.00 0.00
Class A-6 Notes Monthly Interest
Class A-6 Notes Monthly Interest Due $ 1,127,083.33 $ 4.51
Class A-6 Notes Monthly Interest Paid 1,127,083.33 4.51
Class A-6 Notes Monthly Interest Shortfall 0.00 0.00
Class A-6 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-6 Notes Int. Carryover Shortfall 0.00 0.00
Class B Notes Monthly Interest
Class B Notes Monthly Interest Due $ 331,453.37 $ 4.82
Class B Notes Monthly Interest Paid 331,453.37 4.82
Class B Notes Monthly Interest Shortfall 0.00 0.00
Class B Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class B Notes Int. Carryover Shortfall 0.00 0.00
Total Note Monthly Interest
Total Note Monthly Interest Due $ 6,150,097.46 $ 3.20
Total Note Monthly Interest Paid 6,150,097.46 3.20
Total Note Monthly Interest Shortfall 0.00 0.00
Total Note Interest Carryover Shortfall 0.00 0.00
Chg in Total Note Int. Carryover Shortfall 0.00 0.00
Class C Certificates Monthly Interest
Class C Cert. Monthly Interest Due $ 213,280.07 $ 5.43
Class C Cert. Monthly Interest Paid 213,280.07 5.43
Class C Cert. Monthly Interest Shortfall 0.00 0.00
Class C Cert. Interest Carryover Shortfall 0.00 0.00
Chg in Class C Cert. Int. Carryover Shortfall 0.00 0.00
Class D Certificates Monthly Interest
Class D Cert. Monthly Interest Due $ 261,693.33 $ 6.67
Class D Cert. Monthly Interest Paid 261,693.33 6.67
Class D Cert. Monthly Interest Shortfall 0.00 0.00
Class D Cert. Interest Carryover Shortfall 0.00 0.00
Chg in Class D Cert. Int. Carryover Shortfall 0.00 0.00
Total Note and Certificate Monthly Interest
Total Note and Cert. Mthly Int. Due $ 6,625,070.86 $ 3.31
Total Note and Cert. Mthly Int. Paid 6,625,070.86 3.31
Total Note and Cert. Mthly Int. Shortfall 0.00 0.00
Total Note and Cert. Int. Carryover Shortfall 0.00 0.00
Change in Total Note and Certificate Interest
Carryover Shortfall $ 0.00 $ 0.00
Total Available for Principal Distribution $ 64,655,557.27
Principal:
Principal Distribution Amounts
First Priority Distribution Amount $ 0.00 $ 0.00
Second Priority Distribution Amount 0.00 0.00
Regular Principal Distribution Amount 59,661,282.19 29.80
Principal Distribution Amount 59,661,282.19 29.80
Principal Distribution Amounts Paid
Class A-1 Notes Monthly Principal Paid $ 0.00 $ 0.00
Class A-2 Notes Monthly Principal Paid 0.00 0.00
Class A-3 Notes Monthly Principal Paid 59,661,282.19 120.53
Class A-4 Notes Monthly Principal Paid 0.00 0.00
Class A-5 Notes Monthly Principal Paid 0.00 0.00
Class A-6 Notes Monthly Principal Paid 0.00 0.00
Class B Notes Monthly Principal Paid 0.00 0.00
Total Note Principal Paid 59,661,282.19 31.02
Class C Cert. Monthly Principal Paid $ 0.00 $ 0.00
Class D Cert. Monthly Principal Paid 0.00 0.00
Total Monthly Principal Paid 59,661,282.19 29.80
Collections Released to Servicer $ 4,994,275.08
Total Available for Distribution $ 72,523,626.94
Total Distributions (incl. Servicing Fee) $ 72,523,626.94
III. POOL BALANCE AND PORTFOLIO INFORMATION
Balances and Pool Factors: Beginning Ending
Aggregate Balance of Notes $ 1,375,639,050.22 $ 1,315,977,768.03
Note Pool Factor 0.7151891 0.6841714
Class A-1 Notes Balance 0.00 0.00
Class A-1 Notes Pool Factor 0.0000000 0.0000000
Class A-2 Notes Balance 0.00 0.00
Class A-2 Notes Pool Factor 0.0000000 0.0000000
Class A-3 Notes Balance 493,177,050.22 433,515,768.03
Class A-3 Notes Pool Factor 0.9963173 0.8757894
Class A-4 Notes Balance 313,767,000.00 313,767,000.00
Class A-4 Notes Pool Factor 1.0000000 1.0000000
Class A-5 Notes Balance 250,000,000.00 250,000,000.00
Class A-5 Notes Pool Factor 1.0000000 1.0000000
Class A-6 Notes Balance 250,000,000.00 250,000,000.00
Class A-6 Notes Pool Factor 1.0000000 1.0000000
Class B Notes Balance 68,695,000.00 68,695,000.00
Class B Notes Pool Factor 1.0000000 1.0000000
Class C Certificates Balance 39,254,000.00 39,254,000.00
Class C Certificates Pool Factor 1.0000000 1.0000000
Class D Certificates Balance 39,254,000.00 39,254,000.00
Class D Certificates Pool Factor 1.0000000 1.0000000
Total Note and Cert. Balance 1,454,147,050.22 1,394,485,768.03
Portfolio Information:
Wtd Average Coupon (WAC) 8.93% 8.94%
Wtd Average Remaining Maturity (WAM) 40.25 39.37
Remaining Number of Receivables 124,275 121,540
Portfolio Receivable Balance $ 1,491,598,576.94 $ 1,429,664,026.43
IV. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $ 4,246,532.86
Specified Credit Enhancement Amount 14,296,640.26
Yield Supplement Overcollateralization Amount 30,931,725.54
Target Level of Overcollateralization 35,178,258.40
V. RECONCILIATION OF RESERVE ACCOUNT
Beginning Reserve Account Balance $ 10,050,107.40
Specified Reserve Account Balance 10,050,107.40
Reserve Release Amount 0.00
Reserve Account Draws 0.00
Interim Reserve Account Balance 10,050,107.40
Reserve Account Deposits Made 0.00
Ending Reserve Account Balance 10,050,107.40
Change in Reserve Account Balance 0.00
VI. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
Liquidated Contracts:
Liquidation Proceeds $ 494,402.06
Recoveries from Prior Month Charge-Offs 4,594.71
Total Losses for Collection Period 1,160,558.46
Charge-off Rate for Collection Period (annualized) 0.53%
Cumulative Net Losses for all Periods 3,109,480.24
Delinquent Receivables:
31-60 Days Delinquent $ 10,559,669.41
61-90 Days Delinquent 1,481,011.58
91-120 Days Delinquent 302,299.63
Over 120 Days Delinquent 203,720.88
Repossesion Inventory $ 1,851,234.69
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.4011%
Preceding Collection Period 0.5234%
Current Collection Period 0.5435%
Three Month Average 0.4893%
Ratio of 60+ Delinquent Contracts to Outstanding Receivables
Second Preceding Collection Period 0.0731%
Preceding Collection Period 0.0660%
Current Collection Period 0.1045%
Three Month Average 0.0812%
EXHIBIT 19.2
Ford Motor Credit Company
Ford Credit Auto Owner Trust 1999-B
Monthly Servicing Report
Collection Period September, 1999
Distribution Date 10/15/99
Dollar Amount
Total Portfolio $ 3,300,007,013.35
Total Securities 3,211,800,000.00
Class A-1 Notes 476,000,000.00
Class A-2 Notes 350,000,000.00
Class A-3 Notes 1,039,000,000.00
Class A-4 Notes 610,650,000.00
Class A-5 Notes 250,000,000.00
Class A-6 Notes 250,000,000.00
Class B Notes 110,200,000.00
Class C Certificates 62,975,000.00
Class D Certificates 62,975,000.00
I. COLLECTIONS
Interest:
Simple Interest Receivables Interest
Interest Collections $ 14,305,045.80
Repurchased Loan Proceeds Related to Interest 19,429.53
Total Simple Interest Receivables Interest 14,324,475.33
Pre Computed Receivables Interest Collections 535,870.20
Total Interest Collections 14,860,345.53
Servicer Advances:
Simple Interest Servicer Advances $ 2,249,764.26
Precomputed Servicer Advances - Principal 147,323.54
Precomputed Servicer Advances - Interest 28,866.99
Total Servicer Advances 2,425,954.79
Principal:
Simple Interest Receivables Principal
Principal Collections $ 64,588,493.11
Prepayments in Full 36,083,135.95
Repurchased Loan Proceeds Related to Principal 1,352,305.06
Other Refunds Related to Principal 12,867.71
Total Simple Interest Receivables Principal 102,036,801.83
Pre Computed Receivables Principal
Principal Collections $ 3,258,197.71
Prepayments in Full 1,707,008.01
Prepayments in Full Due to Administrative Repurchases 21,545.60
Payahead Draws 193,801.60
Total Pre Computed Receivables Principal 5,180,552.92
Liquidation Proceeds 478,101.81
Recoveries from Prior Month Charge-Offs 8,154.59
Total Principal Collections 107,703,611.15
Principal Losses for Collection Period 894,185.20
Total Regular Principal Reduction 108,258,863.49
Total Collections $ 124,989,911.47
Amount
Per $1,000
of Original
II. DISTRIBUTIONS Amount Principal
Total Collections $ 124,989,911.47 $ 38.92
Reserve Account Release 0.00 0.00
Reserve Account Draw 0.00 0.00
Total Available for Distribution 124,989,911.47 38.92
Servicing Fee:
Servicing Fee Due $ 2,381,435.23 $ 0.74
Servicing Fee Paid 2,381,435.23 0.74
Servicing Fee Shortfall 0.00 0.00
Interest:
Class A-1 Notes Monthly Interest
Class A-1 Notes Monthly Interest Due $ 88,063.42 $ 0.19
Class A-1 Notes Monthly Interest Paid 88,063.42 0.19
Class A-1 Notes Monthly Interest Shortfall 0.00 0.00
Class A-1 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-1 Notes Int. Carryover Shortfall 0.00 0.00
Class A-2 Notes Monthly Interest
Class A-2 Notes Monthly Interest Due $ 1,491,583.33 $ 4.26
Class A-2 Notes Monthly Interest Paid 1,491,583.33 4.26
Class A-2 Notes Monthly Interest Shortfall 0.00 0.00
Class A-2 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-2 Notes Int. Carryover Shortfall 0.00 0.00
Class A-3 Notes Monthly Interest
Class A-3 Notes Monthly Interest Due $ 4,736,108.33 $ 4.56
Class A-3 Notes Monthly Interest Paid 4,736,108.33 4.56
Class A-3 Notes Monthly Interest Shortfall 0.00 0.00
Class A-3 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-3 Notes Int. Carryover Shortfall 0.00 0.00
Class A-4 Notes Monthly Interest
Class A-4 Notes Monthly Interest Due $ 2,951,475.00 $ 4.83
Class A-4 Notes Monthly Interest Paid 2,951,475.00 4.83
Class A-4 Notes Monthly Interest Shortfall 0.00 0.00
Class A-4 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-4 Notes Int. Carryover Shortfall 0.00 0.00
Class A-5 Notes Monthly Interest
Class A-5 Notes Monthly Interest Due $ 1,231,250.00 $ 4.93
Class A-5 Notes Monthly Interest Paid 1,231,250.00 4.93
Class A-5 Notes Monthly Interest Shortfall 0.00 0.00
Class A-5 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-5 Notes Int. Carryover Shortfall 0.00 0.00
Class A-6 Notes Monthly Interest
Class A-6 Notes Monthly Interest Due $ 1,247,916.67 $ 4.99
Class A-6 Notes Monthly Interest Paid 1,247,916.67 4.99
Class A-6 Notes Monthly Interest Shortfall 0.00 0.00
Class A-6 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-6 Notes Int. Carryover Shortfall 0.00 0.00
Class B Notes Monthly Interest
Class B Notes Monthly Interest Due $ 565,693.33 $ 5.13
Class B Notes Monthly Interest Paid 565,693.33 5.13
Class B Notes Monthly Interest Shortfall 0.00 0.00
Class B Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class B Notes Int. Carryover Shortfall 0.00 0.00
Total Note Monthly Interest
Total Note Monthly Interest Due $ 12,312,090.08 $ 3.99
Total Note Monthly Interest Paid 12,312,090.08 3.99
Total Note Monthly Interest Shortfall 0.00 0.00
Total Note Interest Carryover Shortfall 0.00 0.00
Chg in Total Note Int. Carryover Shortfall 0.00 0.00
Class C Certificates Monthly Interest
Class C Cert. Monthly Interest Due $ 348,986.46 $ 5.54
Class C Cert. Monthly Interest Paid 348,986.46 5.54
Class C Cert. Monthly Interest Shortfall 0.00 0.00
Class C Cert. Interest Carryover Shortfall 0.00 0.00
Chg in Class C Cert. Int. Carryover Shortfall 0.00 0.00
Class D Certificates Monthly Interest
Class D Cert. Monthly Interest Due $ 419,833.33 $ 6.67
Class D Cert. Monthly Interest Paid 419,833.33 6.67
Class D Cert. Monthly Interest Shortfall 0.00 0.00
Class D Cert. Interest Carryover Shortfall 0.00 0.00
Chg in Class D Cert. Int. Carryover Shortfall 0.00 0.00
Total Note and Certificate Monthly Interest
Total Note and Cert. Mthly Int. Due $ 13,080,909.87 $ 4.07
Total Note and Cert. Mthly Int. Paid 13,080,909.87 4.07
Total Note and Cert. Mthly Int. Shortfall 0.00 0.00
Total Note and Cert. Int. Carryover Shortfall 0.00 0.00
Change in Total Note and Certificate Interest
Carryover Shortfall $ 0.00 $ 0.00
Total Available for Principal Distribution $ 109,527,566.37
Principal:
Principal Distribution Amounts
First Priority Distribution Amount $ 0.00 $ 0.00
Second Priority Distribution Amount 1,092,695.66 0.34
Regular Principal Distribution Amount 370,135,931.72 115.24
Principal Distribution Amount 371,228,627.38 115.58
Principal Distribution Amounts Paid
Class A-1 Notes Monthly Principal Paid $ 21,228,627.38 $ 44.60
Class A-2 Notes Monthly Principal Paid 88,298,938.99 252.28
Class A-3 Notes Monthly Principal Paid 0.00 0.00
Class A-4 Notes Monthly Principal Paid 0.00 0.00
Class A-5 Notes Monthly Principal Paid 0.00 0.00
Class A-6 Notes Monthly Principal Paid 0.00 0.00
Class B Notes Monthly Principal Paid 0.00 0.00
Total Note Principal Paid 109,527,566.37 35.49
Class C Cert. Monthly Principal Paid $ 0.00 $ 0.00
Class D Cert. Monthly Principal Paid 0.00 0.00
Total Monthly Principal Paid 109,527,566.37 34.10
Collections Released to Servicer $ 0.00
Total Available for Distribution $ 124,989,911.47
Total Distributions (incl. Servicing Fee) $ 124,989,911.47
III. POOL BALANCE AND PORTFOLIO INFORMATION
Balances and Pool Factors: Beginning Ending
Aggregate Balance of Notes $ 2,631,078,627.38 $ 2,521,551,061.01
Note Pool Factor 0.8526269 0.8171334
Class A-1 Notes Balance 21,228,627.38 0.00
Class A-1 Notes Pool Factor 0.0445980 0.0000000
Class A-2 Notes Balance 350,000,000.00 261,701,061.01
Class A-2 Notes Pool Factor 1.0000000 0.7477173
Class A-3 Notes Balance 1,039,000,000.00 1,039,000,000.00
Class A-3 Notes Pool Factor 1.0000000 1.0000000
Class A-4 Notes Balance 610,650,000.00 610,650,000.00
Class A-4 Notes Pool Factor 1.0000000 1.0000000
Class A-5 Notes Balance 250,000,000.00 250,000,000.00
Class A-5 Notes Pool Factor 1.0000000 1.0000000
Class A-6 Notes Balance 250,000,000.00 250,000,000.00
Class A-6 Notes Pool Factor 1.0000000 1.0000000
Class B Notes Balance 110,200,000.00 110,200,000.00
Class B Notes Pool Factor 1.0000000 1.0000000
Class C Certificates Balance 62,975,000.00 62,975,000.00
Class C Certificates Pool Factor 1.0000000 1.0000000
Class D Certificates Balance 62,975,000.00 62,975,000.00
Class D Certificates Pool Factor 1.0000000 1.0000000
Total Note and Cert. Balance 2,757,028,627.38 2,647,501,061.01
Portfolio Information:
Wtd Average Coupon (WAC) 7.17% 7.17%
Wtd Average Remaining Maturity (WAM) 41.10 40.20
Remaining Number of Receivables 230,851 226,909
Portfolio Receivable Balance $ 2,857,722,274.37 $ 2,749,463,410.88
IV. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $ 10,994,599.04
Specified Credit Enhancement Amount 27,494,634.11
Yield Supplement Overcollateralization Amount 119,477,479.16
Target Level of Overcollateralization 130,472,078.20
V. RECONCILIATION OF RESERVE ACCOUNT
Beginning Reserve Account Balance $ 16,500,035.07
Specified Reserve Account Balance 16,500,035.07
Reserve Release Amount 0.00
Reserve Account Draws 0.00
Interim Reserve Account Balance 16,500,035.07
Reserve Account Deposits Made 0.00
Ending Reserve Account Balance 16,500,035.07
Change in Reserve Account Balance 0.00
VI. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
Liquidated Contracts:
Liquidation Proceeds $ 478,101.81
Recoveries from Prior Month Charge-Offs 8,154.59
Total Losses for Collection Period 983,832.37
Charge-off Rate for Collection Period (annualized) 0.21%
Cumulative Net Losses for all Periods 1,184,749.75
Delinquent Receivables:
31-60 Days Delinquent $ 11,284,634.75
61-90 Days Delinquent 977,087.60
91-120 Days Delinquent 152,518.98
Over 120 Days Delinquent 108,189.55
Repossesion Inventory $ 1,449,918.59
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.0780%
Preceding Collection Period 0.1054%
Current Collection Period 0.2130%
Three Month Average 0.1321%
Ratio of 60+ Delinquent Contracts to Outstanding Receivables
Second Preceding Collection Period 0.0196%
Preceding Collection Period 0.0334%
Current Collection Period 0.0432%
Three Month Average 0.0320%
EXHIBIT 19.3
Ford Motor Credit Company
Ford Credit Auto Owner Trust 1999-C
Monthly Servicing Report
Collection Period September, 1999
Distribution Date 10/15/99
Dollar Amount
Total Portfolio $ 3,299,999,864.04
Total Securities 3,189,915,000.00
Class A-1 Notes 250,000,000.00
Class A-2 Notes 588,000,000.00
Class A-3 Notes 990,000,000.00
Class A-4 Notes 627,366,000.00
Class A-5 Notes 250,000,000.00
Class A-6 Notes 250,000,000.00
Class B Notes 109,457,000.00
Class C Certificates 62,546,000.00
Class D Certificates 62,546,000.00
I. COLLECTIONS
Interest:
Simple Interest Receivables Interest
Interest Collections $ 15,660,544.96
Repurchased Loan Proceeds Related to Interest 14,580.65
Total Simple Interest Receivables Interest 15,675,125.61
Pre Computed Receivables Interest Collections 353,619.73
Total Interest Collections 16,028,745.34
Servicer Advances:
Simple Interest Servicer Advances $ 2,494,056.84
Precomputed Servicer Advances - Principal 96,580.58
Precomputed Servicer Advances - Interest 21,296.27
Total Servicer Advances 2,611,933.69
Principal:
Simple Interest Receivables Principal
Principal Collections $ 66,479,225.02
Prepayments in Full 36,542,868.06
Repurchased Loan Proceeds Related to Principal 1,417,310.25
Other Refunds Related to Principal 21,134.22
Total Simple Interest Receivables Principal 104,460,537.55
Pre Computed Receivables Principal
Principal Collections $ 1,943,648.66
Prepayments in Full 855,081.23
Prepayments in Full Due to Administrative Repurchases 5,005.13
Payahead Draws 123,205.70
Total Pre Computed Receivables Principal 2,926,940.72
Liquidation Proceeds 237,641.45
Recoveries from Prior Month Charge-Offs 2,600.00
Total Principal Collections 107,627,719.72
Principal Losses for Collection Period 435,244.10
Total Regular Principal Reduction 107,919,302.95
Total Collections $ 126,268,398.75
Amount
Per $1,000
of Original
II. DISTRIBUTIONS Amount Principal
Total Collections $ 126,268,398.75 $ 39.58
Reserve Account Release 0.00 0.00
Reserve Account Draw 0.00 0.00
Total Available for Distribution 126,268,398.75 39.58
Servicing Fee:
Servicing Fee Due $ 2,569,932.29 $ 0.81
Servicing Fee Paid 2,569,932.29 0.81
Servicing Fee Shortfall 0.00 0.00
Interest:
Class A-1 Notes Monthly Interest
Class A-1 Notes Monthly Interest Due $ 103,123.99 $ 0.41
Class A-1 Notes Monthly Interest Paid 103,123.99 0.41
Class A-1 Notes Monthly Interest Shortfall 0.00 0.00
Class A-1 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-1 Notes Int. Carryover Shortfall 0.00 0.00
Class A-2 Notes Monthly Interest
Class A-2 Notes Monthly Interest Due $ 2,621,990.00 $ 4.46
Class A-2 Notes Monthly Interest Paid 2,621,990.00 4.46
Class A-2 Notes Monthly Interest Shortfall 0.00 0.00
Class A-2 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-2 Notes Int. Carryover Shortfall 0.00 0.00
Class A-3 Notes Monthly Interest
Class A-3 Notes Monthly Interest Due $ 4,760,250.00 $ 4.81
Class A-3 Notes Monthly Interest Paid 4,760,250.00 4.81
Class A-3 Notes Monthly Interest Shortfall 0.00 0.00
Class A-3 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-3 Notes Int. Carryover Shortfall 0.00 0.00
Class A-4 Notes Monthly Interest
Class A-4 Notes Monthly Interest Due $ 3,178,654.40 $ 5.07
Class A-4 Notes Monthly Interest Paid 3,178,654.40 5.07
Class A-4 Notes Monthly Interest Shortfall 0.00 0.00
Class A-4 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-4 Notes Int. Carryover Shortfall 0.00 0.00
Class A-5 Notes Monthly Interest
Class A-5 Notes Monthly Interest Due $ 1,291,666.67 $ 5.17
Class A-5 Notes Monthly Interest Paid 1,291,666.67 5.17
Class A-5 Notes Monthly Interest Shortfall 0.00 0.00
Class A-5 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-5 Notes Int. Carryover Shortfall 0.00 0.00
Class A-6 Notes Monthly Interest
Class A-6 Notes Monthly Interest Due $ 1,306,250.00 $ 5.23
Class A-6 Notes Monthly Interest Paid 1,306,250.00 5.23
Class A-6 Notes Monthly Interest Shortfall 0.00 0.00
Class A-6 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-6 Notes Int. Carryover Shortfall 0.00 0.00
Class B Notes Monthly Interest
Class B Notes Monthly Interest Due $ 585,594.95 $ 5.35
Class B Notes Monthly Interest Paid 585,594.95 5.35
Class B Notes Monthly Interest Shortfall 0.00 0.00
Class B Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class B Notes Int. Carryover Shortfall 0.00 0.00
Total Note Monthly Interest
Total Note Monthly Interest Due $ 13,847,530.01 $ 4.52
Total Note Monthly Interest Paid 13,847,530.01 4.52
Total Note Monthly Interest Shortfall 0.00 0.00
Total Note Interest Carryover Shortfall 0.00 0.00
Chg in Total Note Int. Carryover Shortfall 0.00 0.00
Class C Certificates Monthly Interest
Class C Cert. Monthly Interest Due $ 351,821.25 $ 5.63
Class C Cert. Monthly Interest Paid 351,821.25 5.63
Class C Cert. Monthly Interest Shortfall 0.00 0.00
Class C Cert. Interest Carryover Shortfall 0.00 0.00
Chg in Class C Cert. Int. Carryover Shortfall 0.00 0.00
Class D Certificates Monthly Interest
Class D Cert. Monthly Interest Due $ 416,973.33 $ 6.67
Class D Cert. Monthly Interest Paid 416,973.33 6.67
Class D Cert. Monthly Interest Shortfall 0.00 0.00
Class D Cert. Interest Carryover Shortfall 0.00 0.00
Chg in Class D Cert. Int. Carryover Shortfall 0.00 0.00
Total Note and Certificate Monthly Interest
Total Note and Cert. Mthly Int. Due $ 14,616,324.59 $ 4.58
Total Note and Cert. Mthly Int. Paid 14,616,324.59 4.58
Total Note and Cert. Mthly Int. Shortfall 0.00 0.00
Total Note and Cert. Int. Carryover Shortfall 0.00 0.00
Change in Total Note and Certificate Interest
Carryover Shortfall $ 0.00 $ 0.00
Total Available for Principal Distribution $ 109,082,141.87
Principal:
Principal Distribution Amounts
First Priority Distribution Amount $ 0.00 $ 0.00
Second Priority Distribution Amount 13,855,433.88 4.34
Regular Principal Distribution Amount 598,178,124.26 187.52
Principal Distribution Amount 612,033,558.14 191.87
Principal Distribution Amounts Paid
Class A-1 Notes Monthly Principal Paid $ 24,033,558.14 $ 96.13
Class A-2 Notes Monthly Principal Paid 85,048,583.73 144.64
Class A-3 Notes Monthly Principal Paid 0.00 0.00
Class A-4 Notes Monthly Principal Paid 0.00 0.00
Class A-5 Notes Monthly Principal Paid 0.00 0.00
Class A-6 Notes Monthly Principal Paid 0.00 0.00
Class B Notes Monthly Principal Paid 0.00 0.00
Total Note Principal Paid 109,082,141.87 35.59
Class C Cert. Monthly Principal Paid $ 0.00 $ 0.00
Class D Cert. Monthly Principal Paid 0.00 0.00
Total Monthly Principal Paid 109,082,141.87 34.20
Collections Released to Servicer $ 0.00
Total Available for Distribution $ 126,268,398.75
Total Distributions (incl. Servicing Fee) $ 126,268,398.75
III. POOL BALANCE AND PORTFOLIO INFORMATION
Balances and Pool Factors: Beginning Ending
Aggregate Balance of Notes $ 2,838,856,558.14 $ 2,729,774,416.27
Note Pool Factor 0.9262710 0.8906793
Class A-1 Notes Balance 24,033,558.14 0.00
Class A-1 Notes Pool Factor 0.0961342 0.0000000
Class A-2 Notes Balance 588,000,000.00 502,951,416.27
Class A-2 Notes Pool Factor 1.0000000 0.8553596
Class A-3 Notes Balance 990,000,000.00 990,000,000.00
Class A-3 Notes Pool Factor 1.0000000 1.0000000
Class A-4 Notes Balance 627,366,000.00 627,366,000.00
Class A-4 Notes Pool Factor 1.0000000 1.0000000
Class A-5 Notes Balance 250,000,000.00 250,000,000.00
Class A-5 Notes Pool Factor 1.0000000 1.0000000
Class A-6 Notes Balance 250,000,000.00 250,000,000.00
Class A-6 Notes Pool Factor 1.0000000 1.0000000
Class B Notes Balance 109,457,000.00 109,457,000.00
Class B Notes Pool Factor 1.0000000 1.0000000
Class C Certificates Balance 62,546,000.00 62,546,000.00
Class C Certificates Pool Factor 1.0000000 1.0000000
Class D Certificates Balance 62,546,000.00 62,546,000.00
Class D Certificates Pool Factor 1.0000000 1.0000000
Total Note and Cert. Balance 2,963,948,558.14 2,854,866,416.27
Portfolio Information:
Wtd Average Coupon (WAC) 7.19% 7.19%
Wtd Average Remaining Maturity (WAM) 43.32 42.43
Remaining Number of Receivables 235,579 231,846
Portfolio Receivable Balance $ 3,083,918,751.30 $ 2,975,999,448.35
IV. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $ 13,259,995.16
Specified Credit Enhancement Amount 29,759,994.48
Yield Supplement Overcollateralization Amount 150,998,324.09
Target Level of Overcollateralization 164,258,319.25
V. RECONCILIATION OF RESERVE ACCOUNT
Beginning Reserve Account Balance $ 16,499,999.32
Specified Reserve Account Balance 16,499,999.32
Reserve Release Amount 0.00
Reserve Account Draws 0.00
Interim Reserve Account Balance 16,499,999.32
Reserve Account Deposits Made 0.00
Ending Reserve Account Balance 16,499,999.32
Change in Reserve Account Balance 0.00
VI. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
Liquidated Contracts:
Liquidation Proceeds $ 237,641.45
Recoveries from Prior Month Charge-Offs 2,600.00
Total Losses for Collection Period 502,361.53
Charge-off Rate for Collection Period (annualized) 0.10%
Cumulative Net Losses for all Periods 380,379.57
Delinquent Receivables:
31-60 Days Delinquent $ 8,750,451.65
61-90 Days Delinquent 831,448.87
91-120 Days Delinquent 39,349.97
Over 120 Days Delinquent 0.00
Repossesion Inventory $ 985,418.23
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.0139%
Preceding Collection Period 0.0309%
Current Collection Period 0.1038%
Three Month Average 0.0495%
Ratio of 60+ Delinquent Contracts to Outstanding Receivables
Second Preceding Collection Period 0.0000%
Preceding Collection Period 0.0021%
Current Collection Period 0.0263%
Three Month Average 0.0095%
EXHIBIT 19.4
Ford Motor Credit Company
Ford Credit Auto Owner Trust 1999-D
Monthly Servicing Report
Collection Period September, 1999
Distribution Date 10/15/99
Dollar Amount
Total Portfolio $ 3,300,023,039.40
Total Securities 3,195,129,000.00
Class A-1 Notes 153,000,000.00
Class A-2 Notes 449,000,000.00
Class A-3 Notes 1,370,000,000.00
Class A-4 Notes 400,000,000.00
Class A-5 Notes 588,189,000.00
Class B Notes 109,640,000.00
Class C Certificates 62,650,000.00
Class D Certificates 62,650,000.00
I. COLLECTIONS
Interest:
Simple Interest Receivables Interest
Interest Collections $ 17,002,370.92
Repurchased Loan Proceeds Related to Interest 4,258.23
Total Simple Interest Receivables Interest 17,006,629.15
Pre Computed Receivables Interest Collections 138,082.29
Total Interest Collections 17,144,711.44
Servicer Advances:
Simple Interest Servicer Advances $ 3,308,274.82
Precomputed Servicer Advances - Principal 61,630.07
Precomputed Servicer Advances - Interest 14,523.71
Total Servicer Advances 3,384,428.60
Principal:
Simple Interest Receivables Principal
Principal Collections $ 64,547,986.82
Prepayments in Full 31,259,157.56
Repurchased Loan Proceeds Related to Principal 1,306,454.27
Total Simple Interest Receivables Principal 97,113,598.65
Pre Computed Receivables Principal
Principal Collections $ 731,024.67
Prepayments in Full 421,315.36
Prepayments in Full Due to Administrative Repurchases 0.00
Payahead Draws 41,442.31
Total Pre Computed Receivables Principal 1,193,782.34
Liquidation Proceeds 9,340.52
Recoveries from Prior Month Charge-Offs 0.00
Total Principal Collections 98,316,721.51
Principal Losses for Collection Period 33,523.73
Total Regular Principal Reduction 98,402,534.79
Total Collections $ 118,845,861.55
Amount
Per $1,000
of Original
II. DISTRIBUTIONS Amount Principal
Total Collections $ 118,845,861.55 $ 37.20
Reserve Account Release 0.00 0.00
Reserve Account Draw 0.00 0.00
Total Available for Distribution 118,845,861.55 37.20
Servicing Fee:
Servicing Fee Due $ 2,750,019.20 $ 0.86
Servicing Fee Paid 2,750,019.20 0.86
Servicing Fee Shortfall 0.00 0.00
Interest:
Class A-1 Notes Monthly Interest
Class A-1 Notes Monthly Interest Due $ 505,928.50 $ 3.31
Class A-1 Notes Monthly Interest Paid 505,928.50 3.31
Class A-1 Notes Monthly Interest Shortfall 0.00 0.00
Class A-1 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-1 Notes Int. Carryover Shortfall 0.00 0.00
Class A-2 Notes Monthly Interest
Class A-2 Notes Monthly Interest Due $ 1,595,845.78 $ 3.55
Class A-2 Notes Monthly Interest Paid 1,595,845.78 3.55
Class A-2 Notes Monthly Interest Shortfall 0.00 0.00
Class A-2 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-2 Notes Int. Carryover Shortfall 0.00 0.00
Class A-3 Notes Monthly Interest
Class A-3 Notes Monthly Interest Due $ 5,190,777.78 $ 3.79
Class A-3 Notes Monthly Interest Paid 5,190,777.78 3.79
Class A-3 Notes Monthly Interest Shortfall 0.00 0.00
Class A-3 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-3 Notes Int. Carryover Shortfall 0.00 0.00
Class A-4 Notes Monthly Interest
Class A-4 Notes Monthly Interest Due $ 1,564,444.44 $ 3.91
Class A-4 Notes Monthly Interest Paid 1,564,444.44 3.91
Class A-4 Notes Monthly Interest Shortfall 0.00 0.00
Class A-4 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-4 Notes Int. Carryover Shortfall 0.00 0.00
Class A-5 Notes Monthly Interest
Class A-5 Notes Monthly Interest Due $ 2,343,606.39 $ 3.98
Class A-5 Notes Monthly Interest Paid 2,343,606.39 3.98
Class A-5 Notes Monthly Interest Shortfall 0.00 0.00
Class A-5 Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class A-5 Notes Int. Carryover Shortfall 0.00 0.00
Class B Notes Monthly Interest
Class B Notes Monthly Interest Due $ 460,305.27 $ 4.20
Class B Notes Monthly Interest Paid 460,305.27 4.20
Class B Notes Monthly Interest Shortfall 0.00 0.00
Class B Notes Interest Carryover Shortfall 0.00 0.00
Chg in Class B Notes Int. Carryover Shortfall 0.00 0.00
Total Note Monthly Interest
Total Note Monthly Interest Due $ 11,660,908.16 $ 3.80
Total Note Monthly Interest Paid 11,660,908.16 3.80
Total Note Monthly Interest Shortfall 0.00 0.00
Total Note Interest Carryover Shortfall 0.00 0.00
Chg in Total Note Int. Carryover Shortfall 0.00 0.00
Class C Certificates Monthly Interest
Class C Cert. Monthly Interest Due $ 276,042.86 $ 4.41
Class C Cert. Monthly Interest Paid 276,042.86 4.41
Class C Cert. Monthly Interest Shortfall 0.00 0.00
Class C Cert. Interest Carryover Shortfall 0.00 0.00
Chg in Class C Cert. Int. Carryover Shortfall 0.00 0.00
Class D Certificates Monthly Interest
Class D Cert. Monthly Interest Due $ 306,288.89 $ 4.89
Class D Cert. Monthly Interest Paid 306,288.89 4.89
Class D Cert. Monthly Interest Shortfall 0.00 0.00
Class D Cert. Interest Carryover Shortfall 0.00 0.00
Chg in Class D Cert. Int. Carryover Shortfall 0.00 0.00
Total Note and Certificate Monthly Interest
Total Note and Cert. Mthly Int. Due $ 12,243,239.91 $ 3.83
Total Note and Cert. Mthly Int. Paid 12,243,239.91 3.83
Total Note and Cert. Mthly Int. Shortfall 0.00 0.00
Total Note and Cert. Int. Carryover Shortfall 0.00 0.00
Change in Total Note and Certificate Interest
Carryover Shortfall $ 0.00 $ 0.00
Total Available for Principal Distribution $ 103,852,602.44
Principal:
Principal Distribution Amounts
First Priority Distribution Amount $ 0.00 $ 0.00
Second Priority Distribution Amount 28,703,983.90 8.98
Regular Principal Distribution Amount 573,296,016.10 179.43
Principal Distribution Amount 602,000,000.00 188.41
Principal Distribution Amounts Paid
Class A-1 Notes Monthly Principal Paid $ 103,852,602.44 $ 678.78
Class A-2 Notes Monthly Principal Paid 0.00 0.00
Class A-3 Notes Monthly Principal Paid 0.00 0.00
Class A-4 Notes Monthly Principal Paid 0.00 0.00
Class A-5 Notes Monthly Principal Paid 0.00 0.00
Class B Notes Monthly Principal Paid 0.00 0.00
Total Note Principal Paid 103,852,602.44 33.83
Class C Cert. Monthly Principal Paid $ 0.00 $ 0.00
Class D Cert. Monthly Principal Paid 0.00 0.00
Total Monthly Principal Paid 103,852,602.44 32.50
Collections Released to Servicer $ 0.00
Total Available for Distribution $ 118,845,861.55
Total Distributions (incl. Servicing Fee) $ 118,845,861.55
III. POOL BALANCE AND PORTFOLIO INFORMATION
Balances and Pool Factors: Beginning Ending
Aggregate Balance of Notes $ 3,069,829,000.00 $ 2,965,976,397.56
Note Pool Factor 1.0000000 0.9661699
Class A-1 Notes Balance 153,000,000.00 49,147,397.56
Class A-1 Notes Pool Factor 1.0000000 0.3212248
Class A-2 Notes Balance 449,000,000.00 449,000,000.00
Class A-2 Notes Pool Factor 1.0000000 1.0000000
Class A-3 Notes Balance 1,370,000,000.00 1,370,000,000.00
Class A-3 Notes Pool Factor 1.0000000 1.0000000
Class A-4 Notes Balance 400,000,000.00 400,000,000.00
Class A-4 Notes Pool Factor 1.0000000 1.0000000
Class A-5 Notes Balance 588,189,000.00 588,189,000.00
Class A-5 Notes Pool Factor 1.0000000 1.0000000
Class B Notes Balance 109,640,000.00 109,640,000.00
Class B Notes Pool Factor 1.0000000 1.0000000
Class C Certificates Balance 62,650,000.00 62,650,000.00
Class C Certificates Pool Factor 1.0000000 1.0000000
Class D Certificates Balance 62,650,000.00 62,650,000.00
Class D Certificates Pool Factor 1.0000000 1.0000000
Total Note and Cert. Balance 3,195,129,000.00 3,091,276,397.56
Portfolio Information:
Wtd Average Coupon (WAC) 7.44% 7.44%
Wtd Average Remaining Maturity (WAM) 46.14 45.23
Remaining Number of Receivables 236,799 233,868
Portfolio Receivable Balance $ 3,300,023,039.40 $ 3,201,620,857.66
IV. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $ 15,516,093.38
Specified Credit Enhancement Amount 32,016,208.58
Yield Supplement Overcollateralization Amount 160,495,841.56
Target Level of Overcollateralization 176,011,934.94
V. RECONCILIATION OF RESERVE ACCOUNT
Beginning Reserve Account Balance $ 16,500,115.20
Specified Reserve Account Balance 16,500,115.20
Reserve Release Amount 0.00
Reserve Account Draws 0.00
Interim Reserve Account Balance 16,500,115.20
Reserve Account Deposits Made 0.00
Ending Reserve Account Balance 16,500,115.20
Change in Reserve Account Balance 0.00
VI. NET LOSS AND DELINQUENCY ACCOUNT ACTIVITY
Liquidated Contracts:
Liquidation Proceeds $ 9,340.52
Recoveries from Prior Month Charge-Offs 0.00
Total Losses for Collection Period 33,744.21
Charge-off Rate for Collection Period (annualized) 0.01%
Cumulative Net Losses for all Periods
Delinquent Receivables:
31-60 Days Delinquent $ 608,277.72
61-90 Days Delinquent 13,137.37
91-120 Days Delinquent 43,069.45
Over 120 Days Delinquent 7,281.84
Repossesion Inventory $ 43,138.95
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.0000%
Preceding Collection Period 0.0000%
Current Collection Period 0.0090%
Three Month Average 0.0000%
Ratio of 60+ Delinquent Contracts to Outstanding Receivables
Second Preceding Collection Period 0.0000%
Preceding Collection Period 0.0000%
Current Collection Period 0.0017%
Three Month Average 0.0000%
