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) December 31, 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
December 31, 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
December 31, 1999.
Exhibit 19.2 Ford Credit Auto Owner Filed with
Trust Series 1999-B this Report.
Servicing Report for the
Collection Period ended
December 31, 1999.
Exhibit 19.3 Ford Credit Auto Owner Filed with
Trust Series 1999-C this Report.
Servicing Report for the
Collection Period ended
December 31, 1999.
Exhibit 19.4 Ford Credit Auto Owner Filed with
Trust Series 1999-D this Report.
Servicing Report for the
Collection Period ended
December 31, 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: January 10, 2000 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
December 31, 1999.
Exhibit 19.2 Ford Credit Auto Owner
Trust Series 1999-B
Servicing Report for the
Collection Period ended
December 31, 1999.
Exhibit 19.3 Ford Credit Auto Owner
Trust Series 1999-C
Servicing Report for the
Collection Period ended
December 31, 1999.
Exhibit 19.4 Ford Credit Auto Owner
Trust Series 1999-D
Servicing Report for the
Collection Period ended
December 31, 1999.
Exhibit 19.1
Ford Motor Credit Company
Ford Credit Auto Owner Trust 1999-A
Monthly Servicing Report
Collection Period December, 1999
Distribution Date 1/18/00
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 $ 6,807,334.74
Repurchased Loan Proceeds Related to Interest 16,790.40
Total Simple Interest Receivables Interest 6,824,125.14
Pre Computed Receivables Interest Collections 391,851.61
Total Interest Collections 7,215,976.75
Servicer Advances:
Simple Interest Servicer Advances $ 2,561,474.14
Precomputed Servicer Advances - Principal 133,316.74
Precomputed Servicer Advances - Interest 31,459.47
Total Servicer Advances 2,726,250.35
Principal:
Simple Interest Receivables Principal
Principal Collections $ 29,377,657.94
Prepayments in Full 17,229,035.21
Repurchased Loan Proceeds Related to Principal 843,905.17
Other Refunds Related to Principal 12,556.74
Total Simple Interest Receivables Principal 47,463,155.06
Pre Computed Receivables Principal
Principal Collections $ 2,265,539.47
Prepayments in Full 983,668.33
Prepayments in Full Due to Administrative Repurchases 25,245.78
Payahead Draws 120,845.25
Total Pre Computed Receivables Principal 3,395,298.83
Liquidation Proceeds 746,467.23
Recoveries from Prior Month Charge-Offs 13,682.74
Total Principal Collections 51,618,603.86
Principal Losses for Collection Period 1,515,581.67
Total Regular Principal Reduction 52,507,352.30
Total Collections $ 61,560,830.96
Amount
Per $1,000
of Original
II. DISTRIBUTIONS Amount Principal
Total Collections $ 61,560,830.96 $ 30.75
Reserve Account Release 0.00 0.00
Reserve Account Draw 0.00 0.00
Total Available for Distribution 61,560,830.96 30.75
Servicing Fee:
Servicing Fee Due $ 1,093,288.90 $ 0.55
Servicing Fee Paid 1,093,288.90 0.55
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 $ 1,416,684.53 $ 2.86
Class A-3 Notes Monthly Interest Paid 1,416,684.53 2.86
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 $ 5,384,473.54 $ 2.80
Total Note Monthly Interest Paid 5,384,473.54 2.80
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 $ 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 $ 5,859,446.94 $ 2.93
Total Note and Cert. Mthly Int. Paid 5,859,446.94 2.93
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 $ 54,608,095.12
Principal:
Principal Distribution Amounts
First Priority Distribution Amount $ 0.00 $ 0.00
Second Priority Distribution Amount 0.00 0.00
Regular Principal Distribution Amount 50,458,031.43 25.20
Principal Distribution Amount 50,458,031.43 25.20
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 50,458,031.43 101.94
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 50,458,031.43 26.23
Class C Cert. Monthly Principal Paid $ 0.00 $ 0.00
Class D Cert. Monthly Principal Paid 0.00 0.00
Total Monthly Principal Paid 50,458,031.43 25.20
Collections Released to Servicer $ 4,150,063.69
Total Available for Distribution $ 61,560,830.96
Total Distributions (incl. Servicing Fee) $ 61,560,830.96
III. POOL BALANCE AND PORTFOLIO INFORMATION
Balances and Pool Factors: Beginning Ending
Aggregate Balance of Notes $ 1,202,616,696.50 $ 1,152,158,665.07
Note Pool Factor 0.6252355 0.5990026
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 320,154,696.50 269,696,665.07
Class A-3 Notes Pool Factor 0.6467772 0.5448417
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 1,281,124,696.50 1,230,666,665.07
Portfolio Information:
Wtd Average Coupon (WAC) 8.94% 8.95%
Wtd Average Remaining Maturity (WAM) 37.63 36.77
Remaining Number of Receivables 116,344 114,070
Portfolio Receivable Balance $ 1,311,946,677.76 $ 1,259,439,325.46
IV. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $ 2,544,285.85
Specified Credit Enhancement Amount 12,594,393.25
Yield Supplement Overcollateralization Amount 26,228,374.54
Target Level of Overcollateralization 28,772,660.39
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 $ 746,467.23
Recoveries from Prior Month Charge-Offs 13,682.74
Total Losses for Collection Period 1,624,998.10
Charge-off Rate for Collection Period (annualized) 0.79%
Cumulative Net Losses for all Periods 5,813,975.34
Delinquent Receivables:
31-60 Days Delinquent $ 13,452,279.04
61-90 Days Delinquent 1,533,460.87
91-120 Days Delinquent 516,116.07
Over 120 Days Delinquent 304,065.88
Repossesion Inventory $ 2,066,430.71
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.6568%
Preceding Collection Period 0.9596%
Current Collection Period 0.8072%
Three Month Average 0.8078%
Ratio of 60+ Delinquent Contracts to Outstanding Receivables
Second Preceding Collection Period 0.1261%
Preceding Collection Period 0.1392%
Current Collection Period 0.1420%
Three Month Average 0.1358%
Exhibit 19.2
Ford Motor Credit Company
Ford Credit Auto Owner Trust 1999-B
Monthly Servicing Report
Collection Period December, 1999
Distribution Date 1/18/00
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 $ 11,057,901.16
Repurchased Loan Proceeds Related to Interest 18,045.09
Total Simple Interest Receivables Interest 11,075,946.25
Pre Computed Receivables Interest Collections 446,949.78
Total Interest Collections 11,522,896.03
Servicer Advances:
Simple Interest Servicer Advances $ 3,683,953.52
Precomputed Servicer Advances - Principal 174,267.91
Precomputed Servicer Advances - Interest 37,007.53
Total Servicer Advances 3,895,228.96
Principal:
Simple Interest Receivables Principal
Principal Collections $ 59,448,830.61
Prepayments in Full 32,465,218.53
Repurchased Loan Proceeds Related to Principal 1,058,686.65
Other Refunds Related to Principal 11,107.34
Total Simple Interest Receivables Principal 92,983,843.13
Pre Computed Receivables Principal
Principal Collections $ 3,138,895.08
Prepayments in Full 1,180,119.07
Prepayments in Full Due to Administrative Repurchases (920.37)
Payahead Draws 152,572.85
Total Pre Computed Receivables Principal 4,470,666.63
Liquidation Proceeds 665,566.68
Recoveries from Prior Month Charge-Offs 10,710.79
Total Principal Collections 98,130,787.23
Principal Losses for Collection Period 1,562,348.29
Total Regular Principal Reduction 99,191,125.96
Total Collections $ 113,548,912.22
Amount
Per $1,000
of Original
II. DISTRIBUTIONS Amount Principal
Total Collections $ 113,548,912.22 $ 35.35
Reserve Account Release 0.00 0.00
Reserve Account Draw 0.00 0.00
Total Available for Distribution 113,548,912.22 35.35
Servicing Fee:
Servicing Fee Due $ 2,116,969.06 $ 0.66
Servicing Fee Paid 2,116,969.06 0.66
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 $ 245,888.12 $ 0.70
Class A-2 Notes Monthly Interest Paid 245,888.12 0.70
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 $ 10,978,331.45 $ 3.56
Total Note Monthly Interest Paid 10,978,331.45 3.56
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 $ 11,747,151.24 $ 3.66
Total Note and Cert. Mthly Int. Paid 11,747,151.24 3.66
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 $ 99,684,791.92
Principal:
Principal Distribution Amounts
First Priority Distribution Amount $ 0.00 $ 0.00
Second Priority Distribution Amount 0.00 0.00
Regular Principal Distribution Amount 105,656,941.25 32.90
Principal Distribution Amount 105,656,941.25 32.90
Principal Distribution Amounts Paid
Class A-1 Notes Monthly Principal Paid $ 0.00 $ 0.00
Class A-2 Notes Monthly Principal Paid 50,909,683.64 145.46
Class A-3 Notes Monthly Principal Paid 48,775,108.28 46.94
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 99,684,791.92 32.30
Class C Cert. Monthly Principal Paid $ 0.00 $ 0.00
Class D Cert. Monthly Principal Paid 0.00 0.00
Total Monthly Principal Paid 99,684,791.92 31.04
Collections Released to Servicer $ 0.00
Total Available for Distribution $ 113,548,912.22
Total Distributions (incl. Servicing Fee) $ 113,548,912.22
III. POOL BALANCE AND PORTFOLIO INFORMATION
Balances and Pool Factors: Beginning Ending
Aggregate Balance of Notes $ 2,310,759,683.64 $ 2,211,074,891.72
Note Pool Factor 0.7488244 0.7165205
Class A-1 Notes Balance 0.00 0.00
Class A-1 Notes Pool Factor 0.0000000 0.0000000
Class A-2 Notes Balance 50,909,683.64 0.00
Class A-2 Notes Pool Factor 0.1454562 0.0000000
Class A-3 Notes Balance 1,039,000,000.00 990,224,891.72
Class A-3 Notes Pool Factor 1.0000000 0.9530557
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 2,436,709,683.64 2,337,024,891.72
Portfolio Information:
Wtd Average Coupon (WAC) 7.17% 7.18%
Wtd Average Remaining Maturity (WAM) 38.43 37.54
Remaining Number of Receivables 219,107 215,374
Portfolio Receivable Balance $ 2,540,362,872.31 $ 2,441,171,746.35
IV. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $ 7,911,682.39
Specified Credit Enhancement Amount 24,411,717.46
Yield Supplement Overcollateralization Amount 102,207,321.57
Target Level of Overcollateralization 110,119,003.96
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 $ 665,566.68
Recoveries from Prior Month Charge-Offs 10,710.79
Total Losses for Collection Period 1,707,012.72
Charge-off Rate for Collection Period (annualized) 0.49%
Cumulative Net Losses for all Periods 3,806,565.21
Delinquent Receivables:
31-60 Days Delinquent $ 16,092,658.23
61-90 Days Delinquent 1,701,529.50
91-120 Days Delinquent 358,067.07
Over 120 Days Delinquent 163,829.97
Repossesion Inventory $ 1,749,892.08
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.3324%
Preceding Collection Period 0.3905%
Current Collection Period 0.4966%
Three Month Average 0.4065%
Ratio of 60+ Delinquent Contracts to Outstanding Receivables
Second Preceding Collection Period 0.0533%
Preceding Collection Period 0.0675%
Current Collection Period 0.0813%
Three Month Average 0.0674%
Exhibit 19.3
Ford Motor Credit Company
Ford Credit Auto Owner Trust 1999-C
Monthly Servicing Report
Collection Period December, 1999
Distribution Date 1/18/00
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 $ 12,343,427.35
Repurchased Loan Proceeds Related to Interest 23,513.01
Total Simple Interest Receivables Interest 12,366,940.36
Pre Computed Receivables Interest Collections 298,745.20
Total Interest Collections 12,665,685.56
Servicer Advances:
Simple Interest Servicer Advances $ 3,939,875.10
Precomputed Servicer Advances - Principal 107,260.76
Precomputed Servicer Advances - Interest 25,258.16
Total Servicer Advances 4,072,394.02
Principal:
Simple Interest Receivables Principal
Principal Collections $ 62,549,754.61
Prepayments in Full 30,762,472.29
Repurchased Loan Proceeds Related to Principal 1,239,394.48
Other Refunds Related to Principal 10,907.43
Total Simple Interest Receivables Principal 94,562,528.81
Pre Computed Receivables Principal
Principal Collections $ 1,873,240.97
Prepayments in Full 716,772.57
Prepayments in Full Due to Administrative Repurchases 6,193.65
Payahead Draws 105,067.63
Total Pre Computed Receivables Principal 2,701,274.82
Liquidation Proceeds 507,398.37
Recoveries from Prior Month Charge-Offs 7,203.54
Total Principal Collections 97,778,405.54
Principal Losses for Collection Period 1,136,296.33
Total Regular Principal Reduction 98,507,360.72
Total Collections $ 114,516,485.12
Amount
Per $1,000
of Original
II. DISTRIBUTIONS Amount Principal
Total Collections $ 114,516,485.12 $ 35.90
Reserve Account Release 0.00 0.00
Reserve Account Draw 0.00 0.00
Total Available for Distribution 114,516,485.12 35.90
Servicing Fee:
Servicing Fee Due $ 2,303,757.44 $ 0.72
Servicing Fee Paid 2,303,757.44 0.72
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 $ 1,465,278.86 $ 2.49
Class A-2 Notes Monthly Interest Paid 1,465,278.86 2.49
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 $ 12,587,694.88 $ 4.11
Total Note Monthly Interest Paid 12,587,694.88 4.11
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 $ 13,356,489.46 $ 4.19
Total Note and Cert. Mthly Int. Paid 13,356,489.46 4.19
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 $ 98,856,238.22
Principal:
Principal Distribution Amounts
First Priority Distribution Amount $ 0.00 $ 0.00
Second Priority Distribution Amount 0.00 0.00
Regular Principal Distribution Amount 289,940,521.38 90.89
Principal Distribution Amount 289,940,521.38 90.89
Principal Distribution Amounts Paid
Class A-1 Notes Monthly Principal Paid $ 0.00 $ 0.00
Class A-2 Notes Monthly Principal Paid 98,856,238.22 168.12
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 98,856,238.22 32.26
Class C Cert. Monthly Principal Paid $ 0.00 $ 0.00
Class D Cert. Monthly Principal Paid 0.00 0.00
Total Monthly Principal Paid 98,856,238.22 30.99
Collections Released to Servicer $ 0.00
Total Available for Distribution $ 114,516,485.12
Total Distributions (incl. Servicing Fee) $ 114,516,485.12
III. POOL BALANCE AND PORTFOLIO INFORMATION
Balances and Pool Factors: Beginning Ending
Aggregate Balance of Notes $ 2,516,763,521.38 $ 2,417,907,283.16
Note Pool Factor 0.8211774 0.7889223
Class A-1 Notes Balance 0.00 0.00
Class A-1 Notes Pool Factor 0.0000000 0.0000000
Class A-2 Notes Balance 289,940,521.38 191,084,283.16
Class A-2 Notes Pool Factor 0.4930961 0.3249733
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 2,641,855,521.38 2,542,999,283.16
Portfolio Information:
Wtd Average Coupon (WAC) 7.19% 7.20%
Wtd Average Remaining Maturity (WAM) 40.64 39.75
Remaining Number of Receivables 224,543 221,128
Portfolio Receivable Balance $ 2,764,508,930.48 $ 2,666,001,569.76
IV. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $ 10,160,016.38
Specified Credit Enhancement Amount 26,660,015.70
Yield Supplement Overcollateralization Amount 130,751,301.28
Target Level of Overcollateralization 140,911,317.66
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 $ 507,398.37
Recoveries from Prior Month Charge-Offs 7,203.54
Total Losses for Collection Period 1,245,544.04
Charge-off Rate for Collection Period (annualized) 0.32%
Cumulative Net Losses for all Periods 2,231,199.52
Delinquent Receivables:
31-60 Days Delinquent $ 15,925,752.29
61-90 Days Delinquent 1,489,181.63
91-120 Days Delinquent 311,402.18
Over 120 Days Delinquent 217,491.39
Repossesion Inventory $ 2,052,128.99
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.2076%
Preceding Collection Period 0.2614%
Current Collection Period 0.3230%
Three Month Average 0.2640%
Ratio of 60+ Delinquent Contracts to Outstanding Receivables
Second Preceding Collection Period 0.0412%
Preceding Collection Period 0.0637%
Current Collection Period 0.0687%
Three Month Average 0.0579%
Exhibit 19.4
Ford Motor Credit Company
Ford Credit Auto Owner Trust 1999-D
Monthly Servicing Report
Collection Period December, 1999
Distribution Date 1/18/00
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 $ 14,420,492.58
Repurchased Loan Proceeds Related to Interest 13,818.35
Total Simple Interest Receivables Interest 14,434,310.93
Pre Computed Receivables Interest Collections 121,652.32
Total Interest Collections 14,555,963.25
Servicer Advances:
Simple Interest Servicer Advances $ 4,069,774.98
Precomputed Servicer Advances - Principal 46,819.32
Precomputed Servicer Advances - Interest 11,610.44
Total Servicer Advances 4,128,204.74
Principal:
Simple Interest Receivables Principal
Principal Collections $ 64,503,907.49
Prepayments in Full 30,464,687.84
Repurchased Loan Proceeds Related to Principal 1,127,181.62
Total Simple Interest Receivables Principal 96,095,776.95
Pre Computed Receivables Principal
Principal Collections $ 725,327.48
Prepayments in Full 342,403.05
Prepayments in Full Due to Administrative Repurchases 829.48
Payahead Draws 30,423.60
Total Pre Computed Receivables Principal 1,098,983.61
Liquidation Proceeds 372,434.76
Recoveries from Prior Month Charge-Offs 0.00
Total Principal Collections 97,567,195.32
Principal Losses for Collection Period 723,919.85
Total Regular Principal Reduction 97,965,499.73
Total Collections $ 116,251,363.31
Amount
Per $1,000
of Original
II. DISTRIBUTIONS Amount Principal
Total Collections $ 116,251,363.31 $ 36.38
Reserve Account Release 0.00 0.00
Reserve Account Draw 0.00 0.00
Total Available for Distribution 116,251,363.31 36.38
Servicing Fee:
Servicing Fee Due $ 2,497,447.43 $ 0.78
Servicing Fee Paid 2,497,447.43 0.78
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 $ 1,602,828.41 $ 3.57
Class A-2 Notes Monthly Interest Paid 1,602,828.41 3.57
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 $ 7,078,333.33 $ 5.17
Class A-3 Notes Monthly Interest Paid 7,078,333.33 5.17
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 $ 2,133,333.33 $ 5.33
Class A-4 Notes Monthly Interest Paid 2,133,333.33 5.33
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 $ 3,195,826.90 $ 5.43
Class A-5 Notes Monthly Interest Paid 3,195,826.90 5.43
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 $ 627,689.00 $ 5.73
Class B Notes Monthly Interest Paid 627,689.00 5.73
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 $ 14,638,010.97 $ 4.77
Total Note Monthly Interest Paid 14,638,010.97 4.77
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 $ 376,422.08 $ 6.01
Class C Cert. Monthly Interest Paid 376,422.08 6.01
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 $ 417,666.67 $ 6.67
Class D Cert. Monthly Interest Paid 417,666.67 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 $ 15,432,099.72 $ 4.83
Total Note and Cert. Mthly Int. Paid 15,432,099.72 4.83
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 $ 98,321,816.16
Principal:
Principal Distribution Amounts
First Priority Distribution Amount $ 0.00 $ 0.00
Second Priority Distribution Amount 876,238.17 0.27
Regular Principal Distribution Amount 290,924,386.52 91.05
Principal Distribution Amount 291,800,624.69 91.33
Principal Distribution Amounts Paid
Class A-1 Notes Monthly Principal Paid $ 0.00 $ 0.00
Class A-2 Notes Monthly Principal Paid 98,321,816.16 218.98
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 98,321,816.16 32.03
Class C Cert. Monthly Principal Paid $ 0.00 $ 0.00
Class D Cert. Monthly Principal Paid 0.00 0.00
Total Monthly Principal Paid 98,321,816.16 30.77
Collections Released to Servicer $ 0.00
Total Available for Distribution $ 116,251,363.31
Total Distributions (incl. Servicing Fee) $ 116,251,363.31
III. POOL BALANCE AND PORTFOLIO INFORMATION
Balances and Pool Factors: Beginning Ending
Aggregate Balance of Notes $ 2,759,629,624.69 $ 2,661,307,808.53
Note Pool Factor 0.8989522 0.8669238
Class A-1 Notes Balance 0.00 0.00
Class A-1 Notes Pool Factor 0.0000000 0.0000000
Class A-2 Notes Balance 291,800,624.69 193,478,808.53
Class A-2 Notes Pool Factor 0.6498900 0.4309105
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 2,884,929,624.69 2,786,607,808.53
Portfolio Information:
Wtd Average Coupon (WAC) 7.44% 7.45%
Wtd Average Remaining Maturity (WAM) 43.43 42.54
Remaining Number of Receivables 227,540 224,475
Portfolio Receivable Balance $ 2,996,936,915.81 $ 2,898,971,416.08
IV. OVERCOLLATERALIZATION INFORMATION
Specified Overcollateralization Amount $ 12,489,598.96
Specified Credit Enhancement Amount 28,989,714.16
Yield Supplement Overcollateralization Amount 140,218,029.56
Target Level of Overcollateralization 152,707,628.52
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 $ 372,434.76
Recoveries from Prior Month Charge-Offs 0.00
Total Losses for Collection Period 825,159.14
Charge-off Rate for Collection Period (annualized) 0.18%
Cumulative Net Losses for all Periods
Delinquent Receivables:
31-60 Days Delinquent $ 15,616,674.86
61-90 Days Delinquent 1,213,804.48
91-120 Days Delinquent 600,415.27
Over 120 Days Delinquent 70,188.39
Repossesion Inventory $ 1,480,086.16
Ratio of Net Losses to the Average Pool Balance:
Second Preceding Collection Period 0.0407%
Preceding Collection Period 0.0972%
Current Collection Period 0.1843%
Three Month Average 0.1074%
Ratio of 60+ Delinquent Contracts to Outstanding Receivables
Second Preceding Collection Period 0.0026%
Preceding Collection Period 0.0439%
Current Collection Period 0.0637%
Three Month Average 0.0368%
